Document:

Exhibit 10.1

 

Execution Copy

CONFIDENTIAL

 

 

SHARE
EXCHANGE AGREEMENT

 

by and
among

 

TKK SYMPHONY ACQUISITION CORPORATION,

as the Purchaser,

 

TKK SYMPHONY SPONSOR 1,

as the Purchaser Representative,

 

GLORY STAR NEW MEDIA GROUP LIMITED,

as the Company,

 

GLORY STAR NEW MEDIA
(BEIJING) TECHNOLOGY CO., LTD 

(耀世星辉
新文娱(北京) 科技有限公司),

as the WFOE

 

XING CUI CAN INTERNATIONAL
MEDIA (BEIJING) CO., LTD. 

(星璀璨国际传媒(北京)有限公司)

and

HORGOS GLORY STAR MEDIA
CO., LTD. 

(霍尔果斯耀世星辉文化传媒有限公司),

as the VIEs,

 

THE SHAREHOLDERS OF THE COMPANY NAMED
HEREIN,

as the Sellers

 

and

 

ZHANG BING,

as the Seller Representative

 

Dated as of September 6, 2019

 

 

 

     

     

    

TABLE OF CONTENTS

 

	 	Page
	 	 
	I. the share exchange	2
	1.1. Purchase and Sale of Shares	2
	1.2. Consideration	2
	1.3. Escrow	2
	1.4. Earnout	3
	1.5. Company Shareholder Consent	6
	 	 
	II. CLOSING	6
	2.1. Closing	6
	 	 
	III. representations and warranties of THE purchaser	7
	3.1. Organization and Standing	7
	3.2. Authorization; Binding Agreement	7
	3.3. Governmental Approvals	7
	3.4. Non-Contravention	8
	3.5. Capitalization	8
	3.6. SEC Filings and Purchaser Financials	9
	3.7. Absence of Certain Changes	10
	3.8. Compliance with Laws	10
	3.9. Actions; Orders; Permits	10
	3.10. Taxes and Returns	10
	3.11. Employees and Employee Benefit Plans	11
	3.12. Properties	11
	3.13. Material Contracts	11
	3.14. Transactions with Affiliates	11
	3.15. Investment Company Act	11
	3.16. Finders and Brokers	11
	3.17. Ownership of Exchange Shares	12
	3.18. Certain Business Practices	12
	3.19. Insurance	12
	3.20. Independent Investigation	12
	 	 
	Iv. representations and warranties of THE COMPANY PARTIES	13
	4.1. Organization and Standing	13
	4.2. Authorization; Binding Agreement	13
	4.3. Capitalization	14
	4.4. Subsidiaries	14
	4.5. Governmental Approvals	15
	4.6. Non-Contravention	15
	4.7. Financial Statements	16
	4.8. Absence of Certain Changes	17
	4.9. Compliance with Laws	17
	4.10. Company Permits	18
	4.11. Litigation	18
	4.12. Material Contracts	18
	4.13. Intellectual Property	20
	4.14. Taxes and Returns	22
	4.15. Real Property	23
	4.16. Personal Property	24

 

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	4.17. Title to and Sufficiency of Assets	24
	4.18. Employee Matters	24
	4.19. Benefit Plans	26
	4.20. Environmental Matters	27
	4.21. Transactions with Related Persons	27
	4.22. Insurance	28
	4.23. Top Customers and Vendors	28
	4.24. Books and Records	29
	4.25. Accounts Receivable	29
	4.26. Certain Business Practices	29
	4.27. PRC Compliance	30
	4.28. Investment Company Act	30
	4.29. Finders and Brokers	30
	4.30. Independent Investigation	30
	4.31. VIE Contracts	31
	4.32. Information Supplied	32
	4.33. Disclosure	32
	 	 
	v. representations and warranties of THE SELLERS	32
	5.1. Organization and Standing	32
	5.2. Authorization; Binding Agreement	32
	5.3. Ownership	33
	5.4. Governmental Approvals	33
	5.5. Information Supplied	33
	5.6. No Litigation	33
	5.7. Investment Representations	34
	5.8. Finders and Brokers	34
	5.9. Independent Investigation	34
	5.10. Information Supplied	35
	 	 
	vI. COVENANTS	35
	6.1. Access and Information	35
	6.2. Conduct of Business of the Company Parties and the Sellers	36
	6.3. Conduct of Business of the Purchaser	39
	6.4. Annual and Interim Financial Statements	41
	6.5. Purchaser Public Filings	41
	6.6. No Solicitation	41
	6.7. No Trading	42
	6.8. Notification of Certain Matters	42
	6.9. Efforts	43
	6.10. Further Assurances	44
	6.11. Proxy Statement/Tender Offer	45
	6.12. Public Announcements	47
	6.13. Confidential Information	47
	6.14. Litigation Support	48
	6.15. Documents and Information	48
	6.16. Post-Closing Board of Directors and Executive Officers	49
	6.17. Use of Trust Account Proceeds	49
	6.18. Purchaser Policies	50
	6.20. PIPE Investment	51
	6.21. Execution of VIE Contracts	51

 

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	vII. survival and indemnification	51
	7.1. Survival	51
	7.2. Indemnification by the Sellers	52
	7.3. Limitations and General Indemnification Provisions	52
	7.4. Indemnification Procedures	53
	7.5. Timing of Payment; Right to Set-Off; Recovery of Shares	55
	7.6. Exclusive Remedy	56
	 	 
	VIII. Closing conditions	56
	8.1. Conditions of Each Party’s Obligations	56
	8.2. Conditions to Obligations of the Company and the Sellers	57
	8.3. Conditions to Obligations of the Purchaser	58
	8.4. Frustration of Conditions	60
	 	 
	Ix. TERMINATION AND EXPENSES	60
	9.1. Termination	60
	9.2. Effect of Termination	62
	9.3. Fees and Expenses	62
	9.4. Termination Fee	62
	 	 
	x. WAIVERS and releases	63
	10.1. Waiver of Claims Against Trust	63
	10.2. Release and Covenant Not to Sue	63
	 	 
	xI. MISCELLANEOUS	64
	11.1. Notices	64
	11.2. Binding Effect; Assignment	66
	11.3. Third Parties	66
	11.4. Arbitration	66
	11.5. Governing Law; Jurisdiction	67
	11.6. Waiver of Jury Trial	67
	11.7. Specific Performance	67
	11.8. Severability	67
	11.9. Amendment	68
	11.10. Waiver	68
	11.11. Entire Agreement	68
	11.12. Interpretation	68
	11.13. Counterparts	69
	11.14. Purchaser Representative	69
	11.15. Seller Representative	71
	11.16. Legal Representation	72
	 	 
	xII. DEFINITIONS	73
	12.1. Certain Definitions	73
	12.2. Section References	82

 

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INDEX OF ANNEXES, SCHEDULE AND EXHIBITS

 

	Annex	 	Description
	 	 	 
	Annex I	 	List of Sellers
	Annex II	 	Calculation of Purchaser Adjusted Net Income
	Annex III	 	List of VIE Shareholders
	 	 	 
	Exhibit	 	Description
	 	 	 
	Exhibit A	 	Form of Non-Competition Agreement
	Exhibit B	 	Form of Lock-Up Agreement
	Exhibit C	 	Form of Registration Rights Agreement
	Exhibit D	 	Form of VIE Contracts

 

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SHARE EXCHANGE AGREEMENT 

 

This Share Exchange
Agreement (this “Agreement”) is made and entered into as of September 6, 2019 by and among: (i) TKK
Symphony Acquisition Corporation, a Cayman Islands exempted company (the “Purchaser”); (ii) TKK
Symphony Sponsor 1, a Cayman Islands exempted company, in the capacity as the representative from and after the Closing (as
defined below) for the shareholders of the Purchaser other than the Sellers and their successors and assigns in accordance with
the terms and conditions of this Agreement (the “Purchaser Representative”); (iii) Glory Star New
Media Group Limited, a Cayman Islands exempted company (the “Company”); (iv) Glory Star New Media
(Beijing) Technology Co., Ltd. (耀世星辉新文娱(北京)科技有限公司),
a Wholly Foreign-Owned Enterprise limited liability company incorporated in the People’s Republic of China (“PRC”)
and indirectly wholly-owned by the Company (the “WFOE”); (v) Xing Cui Can International Media (Beijing)
Co., Ltd. (星璀璨国际传媒(北京)有限公司),
a limited liability company incorporated in the PRC (“Xing Cui Can”); (vi) Horgos Glory Star Media
Co., Ltd. (霍尔果斯耀世星辉文化传媒有限公司),
a limited liability company incorporated in the PRC (“Horgos”, and together with Xing Cui Can, the “VIEs”
and, collectively with the Company and the WFOE, the “Company Parties”); (vii) each of the shareholders
of the Company named on Annex I hereto (collectively, the “Sellers”); and (viii) Zhang Bing,
in the capacity as the representative for the Sellers in accordance with the terms and conditions of this Agreement (the “Seller
Representative”). The Purchaser, Purchaser Representative, the Company Parties, the Sellers and the Seller Representative
are sometimes referred to herein individually as a “Party” and, collectively, as the “Parties”.

 

RECITALS:

 

WHEREAS, certain
capitalized terms used herein are defined in Article XII hereof;

 

WHEREAS, the
Sellers collectively own 100% of the issued and outstanding shares of the Company;

 

WHEREAS, the
Company is a holding company for Glory Star New Media Group HK Limited, a Hong Kong company (“Glory Star HK”),
which owns 100% of the issued and outstanding equity interests of the WFOE;

 

WHEREAS, the
VIEs, directly and indirectly through respective Subsidiaries, are engaged in the business of online media and entertainment services
in the PRC;

 

WHEREAS, shortly
after the execution and delivery of this Agreement, the WFOE, the VIEs and the VIE Shareholders are entering into the VIE Contracts,
pursuant to which the Company will, through the WFOE, exercise full control over the VIEs and enjoy all of the economic benefit
from the operation of the VIEs and their Subsidiaries;

 

WHEREAS, the
Sellers desire to sell to the Purchaser, and the Purchaser desires to purchase from the Sellers, all of the issued and outstanding
shares and any other equity interests in or of the Company in exchange for newly issued ordinary shares of the Purchaser, subject
to the terms and conditions set forth herein; and

 

WHEREAS, simultaneously
with the execution and delivery of this Agreement, certain Parties are entering into the following agreements, each to be effective
and contingent upon the Closing: (i) Non-Competition and Non-Solicitation Agreements by certain Sellers (including Zhang Bing and
each other Seller that directly or indirectly owns in excess of 30% of the Company’s equity prior to the Closing (each, a
“Non-Competition Seller”)) in favor of and for the benefit of the Purchaser, the Company and each of
the other Covered Parties (as defined therein) (each, a “Non-Competition Agreement”), the form of which
is attached as Exhibit A hereto; (ii) Lock-Up Agreements to be entered into by certain Sellers (that directly or indirectly
owns in excess of 10% of the Company’s equity prior to the Closing (each, a “Lock-Up Seller”),
the Purchaser and the Purchaser Representative (each a “Lock-Up Agreement”), the form of which is attached
as Exhibit B hereto; and (iii) the Registration Rights Agreement to be entered into by the Sellers, the Purchaser and the
Purchaser Representative (the “Registration Rights Agreement”), the form of which is attached as Exhibit
C hereto.

 

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NOW, THEREFORE,
in consideration of the premises set forth above, which are incorporated in this Agreement as if fully set forth below, and the
representations, warranties, covenants and agreements contained in this Agreement, and intending to be legally bound hereby, the
Parties hereto agree as follows:

 

Article
I

THE SHARE EXCHANGE

 

1.1 Purchase
and Sale of Shares. At the Closing and subject to and upon the terms and conditions of this Agreement, the Sellers shall sell,
transfer, convey, assign and deliver to the Purchaser, and the Purchaser shall purchase, acquire and accept from the Sellers, all
of the issued and outstanding shares of the Company (collectively, the “Purchased Shares”), free and
clear of all Liens (other than potential restrictions on resale under applicable securities Laws).

 

1.2 Consideration.
At the Closing, subject to and upon the terms and conditions of this Agreement, in full payment for the Purchased Shares, the Purchaser
shall issue and deliver to the Sellers an aggregate number of Purchaser Ordinary Shares (the “Exchange Shares”)
equal to (a) Four Hundred Twenty Five Million U.S. Dollars (US$425,000,000) (the “Company Equity Valuation”),
divided by (b) the Redemption Price, subject to the withholding of the Escrow Shares deposited in the Escrow Account in accordance
with Section 1.3. Each Seller shall receive its pro rata share of the Exchange Shares based on the percentage of Purchased
Shares owned by such Seller as compared to the total number of Purchased Shares owned by all Sellers (such percentage being each
such Seller’s “Pro Rata Share”). Notwithstanding anything to the contrary contained herein, no
fraction of a Purchaser Ordinary Share will be issued by the Purchaser by virtue of this Agreement or the transactions contemplated
hereby, and each Person who would otherwise be entitled to a fraction of a Purchaser Ordinary Share (after aggregating all fractional
Purchaser Ordinary Shares that would otherwise be received by such Person) shall instead have the number of Purchaser Ordinary
Shares issued to such Person rounded down in the aggregate to the nearest whole Purchaser Ordinary Share. Additionally, after the
Closing, the Sellers shall have the contingent right to receive the Earnout Shares from the Purchaser subject to and in accordance
with the provisions of Section 1.4 hereof.

 

1.3 Escrow.

 

(a) At
or prior to the Closing, the Purchaser, the Purchaser Representative, the Seller Representative and the Escrow Agent shall enter
into an Escrow Agreement, effective as of the Closing, in form and substance consistent with the provisions of this Agreement and
otherwise reasonably acceptable to the Purchaser and the Company (the “Escrow Agreement”), pursuant to
which the Purchaser shall cause to be delivered to the Escrow Agent at the Closing five percent (5%) of the Exchange Shares otherwise
deliverable to the Sellers at the Closing (including any equity securities paid as dividends or distributions with respect to such
shares or into which such shares are exchanged or converted, the “Escrow Shares”), with the Escrow Shares,
along with any dividends, distributions and other earnings thereon and other Escrow Property, to be held by the Escrow Agent in
a segregated escrow account (“Escrow Account”) and disbursed therefrom in accordance with the terms and
conditions of this Agreement and the Escrow Agreement. The Escrow Shares and other Escrow Property shall serve as a source of security
for the Sellers’ indemnification obligations after the Closing under Article VII. The portion of the Exchange Shares
that shall be withheld at the Closing for deposit in the Escrow Account shall be allocated among the Sellers pro rata based on
each Seller’s Pro Rata Share. Each Seller shall have the right to vote its portion of such Escrow Shares (based on its Pro
Rata Share, subject to adjustment for any Escrow Shares that are forfeited or earned in a manner other than pro rata among all
Sellers based on their Pro Rata Share, as indicated in writing by the Seller Representative to the Purchaser, the Purchaser Representative
and the Escrow Agent) during the time held in the Escrow Account as Escrow Shares.

 

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(b) The
Escrow Property shall no longer be subject to any indemnification claim after the date which is twelve (12) months after the Closing
Date (the “Expiration Date”); provided, however, with respect to any indemnification claims
made in accordance with Article VII hereof on or prior to the Expiration Date (including those that are revised or adjusted
in accordance with Article VII after the Expiration Date) that remain unresolved as of the end of the Expiration Date (“Pending
Claims”), all or a portion of the Escrow Property reasonably necessary to satisfy such Pending Claims (as determined
based on the amount of the indemnification claim included in the Claim Notice provided by the Purchaser Representative under Article
VII and the Purchaser Share Price as of the Expiration Date) shall remain in the Escrow Account until such time as such Pending
Claim shall have been finally resolved pursuant to the provisions of Article VII. After the Expiration Date, any Escrow
Property remaining in the Escrow Account that is not subject to Pending Claims, if any, and not subject to resolved but unpaid
claims in favor of an Indemnitee, shall be disbursed by the Escrow Agent to the Sellers, with each Seller receiving its Pro Rata
Share (subject to adjustment for any Escrow Property that is forfeited or earned in a manner other than pro rata among all Sellers
based on their Pro Rata Share, as indicated in writing by the Seller Representative to the Purchaser, the Purchaser Representative
and the Escrow Agent) of such Escrow Property. Promptly after the final resolution of all Pending Claims and the payment of all
indemnification obligations in connection therewith, the Escrow Agent shall disburse any Escrow Property remaining in the Escrow
Account to the Sellers, with each Seller receiving its Pro Rata Share (subject to adjustment for any Escrow Property that is forfeited
or earned in a manner other than pro rata among all Sellers based on their Pro Rata Share, as indicated in writing by the Seller
Representative to the Purchaser, the Purchaser Representative and the Escrow Agent) of such Escrow Property.

 

1.4 Earnout.

 

(a) After
the Closing, subject to the terms and conditions set forth herein, the Sellers shall have the contingent right to receive additional
consideration from Purchaser based on the performance of Purchaser and its Subsidiaries, including the Company, for the fiscal
year ended December 31, 2019 (the “2019 Earnout Year”) and the fiscal year ended December 31, 2020 (the
“2020 Earnout Year” and each such fiscal year, an “Earnout Year” and such two-year
fiscal period, the “Earnout Period”) if the requirements as set forth in this Section 1.4 are
met. In the event that the Purchaser Adjusted Net Income for the 2019 Earnout Year is equal to or greater than One Hundred and
Eighty Million Renminbi (RMB180,000,000) (the “2019 Earnout Target”), then, subject to the terms and
conditions of this Agreement, the Sellers shall be entitled to receive from the Purchaser, as additional consideration for the
purchase of the Purchased Shares, an additional Five Million (5,000,000) Purchaser Ordinary Shares (subject to equitable adjustment
for share splits, share dividends, combinations, recapitalizations and the like after the Closing, including to account for any
equity securities into which such shares are exchanged or converted) (the “2019 Earnout Shares”). In
the event that the Purchaser Adjusted Net Income for the 2020 Earnout Year is equal to or greater than Three Hundred and Fifteen
Million Renminbi (RMB315,000,000) (the “2020 Earnout Target” and together with the 2019 Earnout Target,
the “Earnout Targets”), then, subject to the terms and conditions of this Agreement, the Sellers shall
be entitled to receive from the Purchaser, as additional consideration for the purchase of the Purchased Shares, an additional
Five Million (5,000,000) Purchaser Ordinary Shares (subject to equitable adjustment for share splits, share dividends, combinations,
recapitalizations and the like after the Closing, including to account for any equity securities into which such shares are exchanged
or converted) (the “2020 Earnout Shares”, and collectively with the 2019 Earnout Shares, the “Earnout
Shares”)). In the event that an Earnout Target is not met for any Earnout Year, the Sellers shall not be entitled
to receive any Earnout Shares for such Earnout Year; provided, that in the event that the aggregate Purchaser Adjusted Net Income
for both Earnout Years combined is at least Four Hundred and Ninety Five Million Renminbi (RMB495,000,000) (the “Aggregate
Earnout Target”), the Sellers shall be entitled to receive any Earnout Shares that they otherwise did not receive
(the “Alternative Earnout”). For the avoidance of doubt, any determination of the Purchaser Adjusted
Net Income that is not otherwise in Renminbi will be expressed in Renminbi by converting the applicable currency to Renminbi using
the applicable exchange rate as of the last day of the applicable Earnout Year.

 

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(b) As
soon as practicable (but in any event within ten (10) Business Days) after Purchaser’s filing of the annual audited consolidated
financial statements for Purchaser and its Subsidiaries with the SEC on Form 20-F or 10-K (or other equivalent SEC form) for each
Earnout Year, the Purchaser’s Chief Financial Officer (the “CFO”) will prepare and deliver to the
Purchaser Representative and the Seller Representative (each, a “Representative Party”) a written statement
(each, an “Earnout Statement”) that sets forth the CFO’s determination in accordance with the terms
of this Section 1.4 of (i) the Purchaser Adjusted Net Income for such Earnout Year based on such audited financial statements,
(ii) for the 2020 Earnout Year only, the aggregate Purchaser Adjusted Net Income for both Earnout Years combined based on such
audited financial statements and the finally determined Earnout Statement for the 2019 Earnout Year, and (iii) whether the Sellers
are entitled to receive Earnout Shares for such Earnout Year as a result of achieving the applicable Earnout Target or, with respect
to the 2020 Earnout Year only, the Aggregate Earnout Target. Each Representative Party will have thirty (30) days after its receipt
of an Earnout Statement to review it. The Seller Representative and the Purchaser Representative, and their respective Representatives
on their behalves, may make inquiries of the CFO and related Purchaser and Company personnel and advisors regarding questions concerning
or disagreements with the Earnout Statement arising in the course of their review thereof, and the Purchaser and the Company shall
provide reasonable cooperation in connection therewith. If either Representative Party has any objections to the Earnout Statement,
such Representative Party shall deliver to the Company (to the attention of the CFO) and the other Representative Party a statement
setting forth its objections thereto (in reasonable detail) (an “Objection Statement”). If an Objection
Statement is not delivered by a Representative Party within thirty (30) days following the date of delivery of the Earnout Statement,
then such Representative Party will have waived its right to contest the Earnout Statement, and all determinations and calculations
set forth therein, and whether the Sellers have earned the Earnout Shares for such Earnout Year (or have otherwise achieved the
Alternative Earnout). If an Objection Statement is delivered within such thirty (30) day period, then the Seller Representative
and the Purchaser Representative shall negotiate in good faith to resolve any such objections for a period of twenty (20) days
thereafter. If the Seller Representative and the Purchaser Representative do not reach a final resolution within such twenty (20)
day period, then upon the written request of either Representative Party (the date of receipt of such notice by the other Representative
Party, the “Independent Expert Notice Date”), the Representative Parties will refer the dispute to the
Independent Expert for final resolution of the dispute in accordance with Section 1.4(c). The Parties acknowledge that any
information provided pursuant to this Section 1.4 will be subject to the confidentiality obligations of Section 6.13.

 

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(c) If
a dispute with respect to an Earnout Statement is submitted in accordance with this Section 1.4 to the Independent Expert
for final resolution, the Parties will follow the procedures set forth in this Section 1.4(c). Each of the Seller Representative
and the Purchaser Representative agrees to execute, if requested by the Independent Expert, a reasonable engagement letter with
respect to the determination to be made by the Independent Expert. All fees and expenses of the Independent Expert will be borne
by the Purchaser. Except as provided in the preceding sentence, all other costs and expenses incurred by the Seller Representative
in connection with resolving any dispute hereunder before the Independent Expert will be borne by the Sellers, and all other costs
and expenses incurred by the Purchaser Representative in connection with resolving any dispute hereunder before the Independent
Expert will be borne by the Purchaser. The Independent Expert will determine only those issues still in dispute as of the Independent
Expert Notice Date and the Independent Expert’s determination will be based solely upon and consistent with the terms and
conditions of this Agreement. The determination by the Independent Expert will be based solely on presentations with respect to
such disputed items by the Purchaser Representative and the Seller Representative to the Independent Expert and not on the Independent
Expert’s independent review; provided, that such presentations will be deemed to include any work papers, records,
accounts or similar materials delivered to the Independent Expert by a Representative Party in connection with such presentations
and any materials delivered to the Independent Expert in response to requests by the Independent Expert. Each of the Seller Representative
and the Purchaser Representative will use their reasonable efforts to make their respective presentations as promptly as practicable
following submission to the Independent Expert of the disputed items, and each such Representative Party will be entitled, as part
of its presentation, to respond to the presentation of the other Representative Party and any questions and requests of the Independent
Expert. In deciding any matter, the Independent Expert will be bound by the provisions of this Agreement, including this Section
1.4. It is the intent of the parties hereto that the Independent Expert Procedure and the activities of the Independent Expert
in connection herewith are not (and should not be considered to be or treated as) an arbitration proceeding or similar arbitral
process and that no formal arbitration rules should be followed (including rules with respect to procedures and discovery). The
Seller Representative and the Purchaser Representative will request that the Independent Expert’s determination be made within
forty-five (45) days after its engagement, or as soon thereafter as possible, will be set forth in a written statement delivered
to the Purchaser Representative and the Seller Representative and will be final, conclusive, non-appealable and binding for all
purposes hereunder (other than for fraud or manifest error).

 

(d) If
for any Earnout Year there is a final determination in accordance with Section 1.4(b) that the Sellers are entitled to receive
Earnout Shares for such Earnout Year (or have otherwise achieved the Alternative Earnout), then such Earnout Shares will be due
upon such final determination and Purchaser will deliver such shares within ten (10) Business Days thereafter (subject to this
Section 1.4(e))). Notwithstanding anything to the contrary contained herein, any obligation of the Purchaser to issue Earnout
Shares under this Section 1.4 will be subject to offset against the indemnification obligations of the Indemnitors under
Article VII, and the number of Earnout Shares to be issued will be reduced by (up to a maximum equal to the total maximum
number of Earnout Shares) (i) the number of Earnout Shares used to satisfy indemnification claims that have been made and resolved
in accordance with Article VII hereof on or prior to the issuance date of such Earnout Shares that have not been satisfied
or sufficiently reserved using the Escrow Property in accordance with Section 1.3 and Article VII and (ii) a number
of Earnout Shares necessary to satisfy indemnification claims that have been made in accordance with Article VII hereof
and that remain unresolved on or prior to the issuance date of such Earnout Shares that have not been sufficiently reserved using
the Escrow Property in accordance with Section 1.3 and Article VII (with such Earnout Shares under this clause (ii)
determined based on the amount of the indemnification claim included in the Claim Notice provided by the Purchaser Representative
under Article VII and the Purchaser Share Price as of the date of issuance of the Earnout Shares). Promptly after the final
resolution of all such pending indemnification claims, the remaining Earnout Shares that have been reserved for pending indemnification
claims, if any, after using the Earnout Shares to satisfy the indemnification obligations for the pending indemnification claims
that have been resolved, shall be issued by Purchaser to the Sellers, with each such Seller receiving its Pro Rata Share of such
Earnout Shares.

 

(e) Following
the Closing (including during the Earnout Period), Purchaser and its Subsidiaries, including the Target Companies, will be entitled
to operate their respective businesses based upon the business requirements of Purchaser and its Subsidiaries. Each of Purchaser
and its Subsidiaries, including the Target Companies will be permitted, following the Closing (including during the Earnout Period),
to make changes at its sole discretion to its operations, organization, personnel, accounting practices and other aspects of its
business, including actions that may have an impact on the Purchaser Adjusted Net Income and the ability of the Sellers to earn
the Earnout Shares, and the Sellers will not have any right to claim the loss of all or any portion of any Earnout Shares or other
damages as a result of such decisions.

 

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1.5 Company
Shareholder Consent. Each Seller, as a shareholder of the Company, hereby approves, authorizes and consents to the Company’s
execution and delivery of this Agreement and the Ancillary Documents to which it is or is required to be a party or otherwise bound,
the performance by the Company of its obligations hereunder and thereunder and the consummation by the Company of the transactions
contemplated hereby and thereby. Each Seller acknowledges and agrees that the consents set forth herein are intended and shall
constitute such consent of the Sellers as may be required (and shall, if applicable, operate as a written shareholder resolution
of the Company) pursuant to the Company’s Organizational Documents, any other agreement in respect of the Company to which
any Seller is a party and all applicable Laws.

 

Article
II

CLOSING

 

2.1 Closing.
Subject to the satisfaction or waiver of the conditions set forth in Article VIII, the consummation of the transactions
contemplated by this Agreement (the “Closing”) shall take place at the offices of Ellenoff Grossman &
Schole, LLP (“EGS”), 1345 Avenue of the Americas, 11th Floor, New York, NY 10105, on the second
(2nd) Business Day after all the Closing conditions to this Agreement have been satisfied or waived at 10:00 a.m. local
time, or at such other date, time or place as the Purchaser and the Company may agree (the date and time at which the Closing is
actually held being the “Closing Date”).

 

2.2 Termination
of Certain Agreements. Without limiting the provisions of Section 10.2, the Company and the Sellers hereby agree that,
effective at the Closing, any agreement containing pre-emptive and special rights conferred to shareholders, or shareholders, voting
or similar agreement among the Company and any of the Sellers or among the Sellers with respect to the Company’s capital
shares shall automatically, and without any further action by any of the Parties, terminate in full and become null and void and
of no further force and effect. Further, each Seller and the Company hereby waive any obligations of the parties under any of the
foregoing agreements or the Company’s Organizational Documents with respect to the transactions contemplated by this Agreement
and the Ancillary Documents, and any failure of the parties to comply with the terms thereof in connection with the transactions
contemplated by this Agreement and the Ancillary Documents.

 

2.3 Taking
of Necessary Action; Further Action. If, at any time after the Closing, any further action is necessary or desirable to carry
out the purposes of this Agreement and to vest the Purchaser with full right, title and interest in, to and under, and/or possession
of, all assets, property, rights, privileges, powers and franchises of the Company or any of its Subsidiaries, the officers and
directors of the Purchaser are fully authorized in the name and on behalf of the Company or any of its Subsidiaries, to take all
lawful action necessary or desirable to accomplish such purpose or acts, so long as such action is not inconsistent with this Agreement.

 

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Article
III

REPRESENTATIONS AND WARRANTIES OF THE PURCHASER

 

Except as set forth
in (i) the disclosure schedules delivered by the Purchaser to the Company on the date hereof (the “Purchaser Disclosure
Schedules”), the Section numbers of which are numbered to correspond to the Section numbers of this Agreement to
which they refer, or (ii) the SEC Reports that are available on the SEC’s website through EDGAR, the Purchaser represents
and warrants to the Company, as of the date hereof and as of the Closing as follows:

 

3.1 Organization
and Standing. The Purchaser is an exempted company duly incorporated, validly existing and in good standing under the Laws
of the Cayman Islands. The Purchaser has all requisite corporate power and authority to own, lease and operate its properties and
to carry on its business as now being conducted. The Purchaser is duly qualified or licensed and in good standing to do business
in each jurisdiction in which the character of the property owned, leased or operated by it or the nature of the business conducted
by it makes such qualification or licensing necessary, except where the failure to be so qualified or licensed or in good standing
can be cured without material cost or expense. The Purchaser has heretofore made available to the Company accurate and complete
copies of the Organizational Documents of the Purchaser, as currently in effect. The Purchaser is not in violation of any provision
of its Organizational Documents in any material respect.

 

3.2 Authorization;
Binding Agreement. The Purchaser has all requisite corporate power and authority to execute and deliver this Agreement and
each Ancillary Document to which it is a party, to perform the Purchaser’s obligations hereunder and thereunder and to consummate
the transactions contemplated hereby and thereby, subject to obtaining the Required Shareholder Vote. The execution and delivery
by the Purchaser of this Agreement and each Ancillary Document to which it is a party and the consummation of the transactions
contemplated hereby and thereby (a) have been duly and validly authorized by the board of directors of the Purchaser, and
(b) no other corporate proceedings, other than as set forth elsewhere in the Agreement (including the Required Shareholder Vote),
on the part of the Purchaser are necessary to authorize the execution and delivery of this Agreement and each Ancillary Document
to which it is a party or to consummate the transactions contemplated hereby and thereby. This Agreement has been, and each Ancillary
Document to which the Purchaser is a party shall be when delivered, duly and validly executed and delivered by the Purchaser and,
assuming the due authorization, execution and delivery of this Agreement and such Ancillary Documents by the other parties hereto
and thereto, constitutes, or when delivered shall constitute, the valid and binding obligation of the Purchaser, enforceable against
the Purchaser in accordance with its terms, except to the extent that enforceability thereof may be limited by applicable bankruptcy,
insolvency, reorganization and moratorium laws and other laws of general application affecting the enforcement of creditors’
rights generally or by any applicable statute of limitation or by any valid defense of set-off or counterclaim, and the fact that
equitable remedies or relief (including the remedy of specific performance) are subject to the discretion of the court from which
such relief may be sought (collectively, the “Enforceability Exceptions”).

 

3.3 Governmental
Approvals. Except as otherwise described in Schedule 3.3, no Consent of or with any Governmental Authority, on the part
of the Purchaser is required to be obtained or made in connection with the execution, delivery or performance by the Purchaser
of this Agreement and each Ancillary Document to which it is a party or the consummation by the Purchaser of the transactions contemplated
hereby and thereby, other than (a) pursuant to Antitrust Laws, (b) such filings as contemplated by this Agreement, (c) any filings
required with Nasdaq or the SEC with respect to the transactions contemplated by this Agreement, (d) applicable requirements, if
any, of the Securities Act, the Exchange Act, and/ or any state “blue sky” securities Laws, and the rules and regulations
thereunder, and (e) where the failure to obtain or make such Consents or to make such filings or notifications, would not reasonably
be expected to have a Material Adverse Effect on the Purchaser.

 

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3.4 Non-Contravention.
Except as otherwise described in Schedule 3.4, the execution and delivery by the Purchaser of this Agreement and each Ancillary
Document to which it is a party, the consummation by the Purchaser of the transactions contemplated hereby and thereby, and compliance
by the Purchaser with any of the provisions hereof and thereof, will not (a) conflict with or violate any provision of the Purchaser’s
Organizational Documents, (b) subject to obtaining the Consents from Governmental Authorities referred to in Section 3.3
hereof, and the waiting periods referred to therein having expired, and any condition precedent to such Consent or waiver having
been satisfied, conflict with or violate any Law, Order or Consent applicable to the Purchaser or any of its properties or assets,
or (c) (i) violate, conflict with or result in a breach of, (ii) constitute a default (or an event which, with notice or lapse
of time or both, would constitute a default) under, (iii) result in the termination, withdrawal, suspension, cancellation or modification
of, (iv) accelerate the performance required by the Purchaser under, (v) result in a right of termination or acceleration under,
(vi) give rise to any obligation to make payments or provide compensation under, (vii) result in the creation of any Lien upon
any of the properties or assets of the Purchaser under, (viii) give rise to any obligation to obtain any third party Consent or
provide any notice to any Person or (ix) give any Person the right to declare a default, exercise any remedy, claim a rebate, chargeback,
penalty or change in delivery schedule, accelerate the maturity or performance, cancel, terminate or modify any right, benefit,
obligation or other term under, any of the terms, conditions or provisions of, any Purchaser Material Contract, except for any
deviations from any of the foregoing clauses (a), (b) or (c) that would not reasonably be expected to have a Material Adverse Effect
on the Purchaser.

 

3.5 Capitalization.

 

(a) The
Purchaser is authorized to issue 200,000,000 Purchaser Ordinary Shares and 2,000,000 preference shares, par value $0.0001 per share.
The issued and outstanding Purchaser Securities as of the date of this Agreement are set forth on Schedule 3.5(a). All outstanding
Purchaser Ordinary Shares are duly authorized, validly issued, fully paid and non-assessable and not subject to or issued in violation
of any purchase option, right of first refusal, preemptive right, subscription right or any similar right under any provision of
the Cayman Islands Act, the Purchaser Charter or any Contract to which the Purchaser is a party. None of the outstanding Purchaser
Securities has been issued in violation of any applicable securities Laws. Prior to giving effect to the transactions contemplated
by this Agreement, the Purchaser does not have any Subsidiaries or own any equity interests in any other Person.

 

(b) Except
as set forth in Schedule 3.5(a) or Schedule 3.5(b), there are no (i) outstanding options, warrants, puts, calls,
convertible securities, preemptive or similar rights, (ii) bonds, debentures, notes or other Indebtedness having general voting
rights or that are convertible or exchangeable into securities having such rights or (iii) subscriptions or other rights, agreements,
arrangements, Contracts or commitments of any character (other than this Agreement and the Ancillary Documents), (A) relating to
the issued or unissued shares of the Purchaser or (B) obligating the Purchaser to issue, transfer, deliver or sell or cause to
be issued, transferred, delivered, sold or repurchased any options or shares or securities convertible into or exchangeable for
such shares, or (C) obligating the Purchaser to grant, extend or enter into any such option, warrant, call, subscription or other
right, agreement, arrangement or commitment for such capital shares. Other than the Closing Redemption or any redemption or conversion
of Purchaser Ordinary Shares in connection with an Extension, if any (each, a “Redemption”), or as expressly
set forth in this Agreement, there are no outstanding obligations of the Purchaser to repurchase, redeem or otherwise acquire any
shares of the Purchaser or to provide funds to make any investment (in the form of a loan, capital contribution or otherwise) in
any Person. Except as set forth in Schedule 3.5(b), there are no shareholders agreements, voting trusts or other agreements
or understandings to which the Purchaser is a party with respect to the voting of any shares of the Purchaser.

 

(c) All
Indebtedness of the Purchaser as of the date of this Agreement is disclosed on Schedule 3.5(c). No Indebtedness of the Purchaser
contains any restriction upon: (i) the prepayment of any of such Indebtedness, (ii) the incurrence of Indebtedness by the Purchaser
or (iii) the ability of the Purchaser to grant any Lien on its properties or assets.

 

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(d) Since
the date of formation of the Purchaser, and except as contemplated by this Agreement, including any Redemption, the Purchaser has
not declared or paid any distribution or dividend in respect of its shares and has not repurchased, redeemed or otherwise acquired
any of its shares, and the Purchaser’s board of directors has not authorized any of the foregoing.

 

3.6 SEC
Filings and Purchaser Financials.

 

(a) The
Purchaser, since the IPO, has filed all forms, reports, schedules, statements, registration statements, prospectuses and other
documents required to be filed or furnished by the Purchaser with the SEC under the Securities Act and/or the Exchange Act, together
with any amendments, restatements or supplements thereto, and will file all such forms, reports, schedules, statements and other
documents required to be filed subsequent to the date of this Agreement. Except to the extent available on the SEC’s web
site through EDGAR, the Purchaser has made available to the Company copies in the form filed with the SEC of all of the following:
(i) the Purchaser’s Annual Reports on Form 10-K for each fiscal year of the Purchaser beginning with the first year the Purchaser
was required to file such a form, (ii) the Purchaser’s Quarterly Reports on Form 10-Q for each fiscal quarter that the Purchaser
filed such reports to disclose its quarterly financial results in each of the fiscal years of the Purchaser referred to in clause
(i) above, (iii) all other forms, reports, registration statements, prospectuses and other documents (other than preliminary materials)
filed by the Purchaser with the SEC since the beginning of the first fiscal year referred to in clause (i) above (the forms, reports,
registration statements, prospectuses and other documents referred to in clauses (i), (ii) and (iii) above, whether or not available
through EDGAR, are, collectively, the “SEC Reports”) and (iv) all certifications and statements required
by (A) Rules 13a-14 or 15d-14 under the Exchange Act, and (B) 18 U.S.C. §1350 (Section 906 of the Sarbanes-Oxley Act of 2002,
as amended) with respect to any report referred to in clause (i) above. The SEC Reports (x) were prepared in all material respects
in accordance with the requirements of the Securities Act and the Exchange Act, as the case may be, and the rules and regulations
thereunder and (y) did not, as of their respective effective dates (in the case of SEC Reports that are registration statements
filed pursuant to the requirements of the Securities Act) and at the time they were filed with the SEC (in the case of all other
SEC Reports) contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or
necessary in order to make the statements made therein, in the light of the circumstances under which they were made, not misleading.
The certifications and statements referenced in clause (iv) above are each true as of their respective dates of filing. As used
in this Section 3.6, the term “file” shall be broadly construed to include any manner permitted by SEC
rules and regulations in which a document or information is furnished, supplied or otherwise made available to the SEC. As of the
date of this Agreement, (A) the Purchaser Public Units, the Purchaser Ordinary Shares, the Purchaser Public Warrants and the Purchaser
Public Rights are listed on Nasdaq, (B) the Purchaser has not received any written deficiency notice from Nasdaq relating to the
continued listing requirements of such Purchaser Securities and (C) there are no Actions pending or, to the Knowledge of the Purchaser,
threatened against the Purchaser by the Financial Industry Regulatory Authority with respect to any intention by such entity to
suspend, prohibit or terminate the quoting of such Purchaser Securities on Nasdaq.

 

(b) The
financial statements and notes of the Purchaser contained or incorporated by reference in the SEC Reports (the “Purchaser
Financials”), fairly present in all material respects the financial position and the results of operations, changes
in shareholders’ equity, and cash flows of the Purchaser at the respective dates of and for the periods referred to in such
financial statements, all in accordance with (i) GAAP methodologies applied on a consistent basis throughout the periods involved
and (ii) Regulation S-X or Regulation S-K, as applicable (except as may be indicated in the notes thereto and for the omission
of notes and audit adjustments in the case of unaudited quarterly financial statements to the extent permitted by Regulation S-X
or Regulation S-K, as applicable).

 

    9

     

    

 

(c) Except
as and to the extent reflected or reserved against in the Purchaser Financials, the Purchaser has not incurred any Liabilities
or obligations of the type required to be reflected on a balance sheet in accordance with GAAP that is not adequately reflected
or reserved on or provided for in the Purchaser Financials, other than Liabilities of the type required to be reflected on a balance
sheet in accordance with GAAP that have been incurred since the Purchaser’s formation in the ordinary course of business.

 

3.7 Absence
of Certain Changes. As of the date of this Agreement, except as set forth in Schedule 3.7, the Purchaser has, (a) since
its formation, conducted no business other than its formation, the public offering of its securities (and the related private offerings),
public reporting and its search for an initial Business Combination as described in the IPO Prospectus (including the investigation
of the Target Companies and the negotiation and execution of this Agreement) and related activities and (b) since January 1, 2019,
not been subject to a Material Adverse Effect.

 

3.8 Compliance
with Laws. The Purchaser is, and has since its formation been, in compliance with all Laws applicable to it and the conduct
of its business except for such noncompliance which would not reasonably be expected to have a Material Adverse Effect on the Purchaser,
and the Purchaser has not received written notice alleging any violation of applicable Law in any material respect by the Purchaser.

 

3.9 Actions;
Orders; Permits. There is no pending or, to the Knowledge of the Purchaser, threatened Action to which the Purchaser is subject
which would reasonably be expected to have a Material Adverse Effect on the Purchaser. There is no material Action that the Purchaser
has pending against any other Person. The Purchaser is not subject to any material Orders of any Governmental Authority, nor are
any such Orders pending. The Purchaser holds all Permits necessary to lawfully conduct its business as presently conducted, and
to own, lease and operate its assets and properties, all of which are in full force and effect, except where the failure to hold
such Permit or for such Permit to be in full force and effect would not reasonably be expected to have a Material Adverse Effect
on the Purchaser.

 

3.10 Taxes
and Returns.

 

(a) The
Purchaser has or will have timely filed, or caused to be timely filed, all material Tax Returns required to be filed by it, which
such Tax Returns are true, accurate, correct and complete in all material respects, and has paid, collected or withheld, or caused
to be paid, collected or withheld, all material Taxes required to be paid, collected or withheld, other than such Taxes for which
adequate reserves in the Purchaser Financials have been established in accordance with GAAP. Schedule 3.10(a) sets forth
each jurisdiction where the Purchaser files or is required to file a Tax Return. There are no audits, examinations, investigations
or other proceedings pending against the Purchaser in respect of any Tax, and the Purchaser has not been notified in writing of
any proposed Tax claims or assessments against the Purchaser (other than, in each case, claims or assessments for which adequate
reserves in the Purchaser Financials have been established in accordance with GAAP or are immaterial in amount). There are no Liens
with respect to any Taxes upon any of the Purchaser’s assets, other than Permitted Liens. The Purchaser has no outstanding
waivers or extensions of any applicable statute of limitations to assess any material amount of Taxes. There are no outstanding
requests by the Purchaser for any extension of time within which to file any Tax Return or within which to pay any Taxes shown
to be due on any Tax Return.

 

(b) Since
the date of its formation, the Purchaser has not (i) changed any Tax accounting methods, policies or procedures except as required
by a change in Law, (ii) made, revoked, or amended any material Tax election, (iii) filed any amended Tax Returns or claim for
refund or (iv) entered into any closing agreement affecting or otherwise settled or compromised any material Tax Liability or refund.

 

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3.11 Employees
and Employee Benefit Plans. The Purchaser does not (a) have any paid employees or (b) maintain, sponsor, contribute to or otherwise
have any Liability under, any Benefit Plans.

 

3.12 Properties.
The Purchaser does not own, license or otherwise have any right, title or interest in any material Intellectual Property. The Purchaser
does not own or lease any material real property or Personal Property.

 

3.13 Material
Contracts.

 

(a) Except
as set forth on Schedule 3.13(a), other than this Agreement and the Ancillary Documents, there are no Contracts to which
the Purchaser is a party or by which any of its properties or assets may be bound, subject or affected, which (i) creates or imposes
a Liability greater than $100,000, (ii) may not be cancelled by the Purchaser on less than sixty (60) days’ prior notice
without payment of a material penalty or termination fee or (iii) prohibits, prevents, restricts or impairs in any material respect
any business practice of the Purchaser as its business is currently conducted, any acquisition of material property by the Purchaser,
or restricts in any material respect the ability of the Purchaser from engaging in business as currently conducted by it or from
competing with any other Person (each, a “Purchaser Material Contract”). All Purchaser Material Contracts
have been made available to the Company other than those that are exhibits to the SEC Reports.

 

(b) With
respect to each Purchaser Material Contract: (i) the Purchaser Material Contract was entered into at arms’ length and in
the ordinary course of business; (ii) the Purchaser Material Contract is legal, valid, binding and enforceable in all material
respects against the Purchaser and, to the Knowledge of the Purchaser, the other parties thereto, and is in full force and effect
(except, in each case, as such enforcement may be limited by the Enforceability Exceptions); (iii) the Purchaser is not in breach
or default in any material respect, and no event has occurred that with the passage of time or giving of notice or both would constitute
such a breach or default in any material respect by the Purchaser, or permit termination or acceleration by the other party, under
such Purchaser Material Contract; and (iv) to the Knowledge of the Purchaser, no other party to any Purchaser Material Contract
is in breach or default in any material respect, and no event has occurred that with the passage of time or giving of notice or
both would constitute such a breach or default by such other party, or permit termination or acceleration by the Purchaser under
any Purchaser Material Contract.

 

3.14 Transactions
with Affiliates. Schedule 3.14 sets forth a true, correct and complete list of the Contracts and arrangements that are
in existence as of the date of this Agreement under which there are any existing or future Liabilities or obligations between the
Purchaser and any (a) present or former director, officer or employee or Affiliate of the Purchaser, or any immediate family member
of any of the foregoing, or (b) record or beneficial owner of more than five percent (5%) of the outstanding Purchaser Ordinary
Shares as of the date hereof.

 

3.15 Investment
Company Act. The Purchaser is not an “investment company” or a Person directly or indirectly “controlled”
by or acting on behalf of an “investment company”, in each case within the meaning of the Investment Company Act of
1940, as amended.

 

3.16 Finders
and Brokers. Except as set forth on Schedule 3.16, no broker, finder or investment banker is entitled to any brokerage,
finder’s or other fee or commission from the Purchaser, the Target Companies or any of their respective Affiliates in connection
with the transactions contemplated hereby based upon arrangements made by or on behalf of the Purchaser.

 

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3.17 Ownership
of Exchange Shares. All Exchange Shares to be issued and delivered in accordance with Article I to the Sellers and the
Escrow Agent shall be, upon issuance and delivery of such Exchange Shares, fully paid and non-assessable, free and clear of all
Liens, other than restrictions arising from applicable securities Laws, the Lock-Up Agreements (if applicable), the Registration
Rights Agreement, the Escrow Agreement, the forfeiture provisions of this Agreement and any Liens incurred by a Seller, and the
issuance and sale of such Exchange Shares pursuant hereto will not be subject to or give rise to any preemptive rights or rights
of first refusal.

 

3.18 Certain
Business Practices.

 

(a) Neither
the Purchaser, nor any of its Representatives acting on its behalf, has (i) used any funds for unlawful contributions, gifts, entertainment
or other unlawful expenses relating to political activity, (ii) made any unlawful payment to foreign or domestic government officials
or employees, to foreign or domestic political parties or campaigns or violated any provision of the U.S. Foreign Corrupt Practices
Act of 1977 or any other local or foreign anti-corruption or bribery Law, (iii) made any other unlawful payment or (iv) since the
formation of the Purchaser, directly or indirectly, given or agreed to give any unlawful gift or similar benefit in any material
amount to any customer, supplier, governmental employee or other Person who is or may be in a position to help or hinder the Purchaser
or assist it in connection with any actual or proposed transaction.

 

(b) The
operations of the Purchaser are and have been conducted at all times in compliance with money laundering statutes in all applicable
jurisdictions, the rules and regulations thereunder and any related or similar rules, regulations or guidelines, issued, administered
or enforced by any Governmental Authority, and no Action involving the Purchaser with respect to the any of the foregoing is pending
or, to the Knowledge of the Purchaser, threatened.

 

3.19 Insurance.
Schedule 3.19 lists all insurance policies (by policy number, insurer, coverage period, coverage amount, annual premium
and type of policy) held by the Purchaser relating to the Purchaser or its business, properties, assets, directors, officers and
employees, copies of which have been provided to the Company. All premiums due and payable under all such insurance policies have
been timely paid and the Purchaser is otherwise in material compliance with the terms of such insurance policies. All such insurance
policies are in full force and effect, and to the Knowledge of the Purchaser, there is no threatened termination of, or material
premium increase with respect to, any of such insurance policies. There have been no insurance claims made by the Purchaser. The
Purchaser has each reported to its insurers all claims and pending circumstances that would reasonably be expected to result in
a claim, except where such failure to report such a claim would not be reasonably likely to have a Material Adverse Effect on the
Purchaser.

 

3.20 Independent
Investigation. The Company has provided to the Purchaser access to its personnel, properties, assets, premises, books and records,
and other documents and data of the Target Companies for purpose of enabling the Purchaser to conduct its own independent investigation,
review and analysis of the business, results of operations, prospects, condition (financial or otherwise) or assets of the Target
Companies. Without limiting Section 7.3(d) hereof, the Purchaser acknowledges and agrees that: (a) in making its decision
to enter into this Agreement and to consummate the transactions contemplated hereby, it has relied upon the express representations
and warranties of the Company Parties the Sellers set forth in this Agreement (including the related portions of the Company Disclosure
Schedules) and in any certificate delivered to Purchaser pursuant hereto; and (b) none of the Company Parties, the Sellers or their
respective Representatives have made any representation or warranty as to the Target Companies, the Sellers or this Agreement,
except as expressly set forth this Agreement (including the related portions of the Company Disclosure Schedules) or in any certificate
delivered to Purchaser pursuant hereto.

 

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Article
IV

REPRESENTATIONS AND WARRANTIES OF THE COMPANY PARTIES

 

Except as set forth
in the disclosure schedules delivered by the Company to the Purchaser on the date hereof (the “Company Disclosure Schedules”),
the Section numbers of which are numbered to correspond to the Section numbers of this Agreement to which they refer, the Company
Parties and the Sellers, jointly and severally, hereby represent and warrant to the Purchaser, as of the date hereof and as of
the Closing, as follows:

 

4.1 Organization
and Standing. The Company is a business company duly incorporated, validly existing and in good standing under the Laws of
the Cayman Islands and has all requisite corporate power and authority to own, lease and operate its properties and to carry on
its business as now being conducted. Each Subsidiary of the Company (including, but not limited to the VIEs and their Subsidiaries)
is a corporation or other entity duly formed, validly existing and in good standing under the Laws of its jurisdiction of organization
and has all requisite corporate power and authority to own, lease and operate its properties and to carry on its business as now
being conducted. Each Target Company is duly qualified or licensed and in good standing in the jurisdiction in which it is incorporated
or registered and in each other jurisdiction where it does business or operates to the extent that the character of the property
owned, or leased or operated by it or the nature of the business conducted by it makes such qualification or licensing necessary.
Schedule 4.1 lists all jurisdictions in which any Target Company is qualified to conduct business and all names other than
its legal name under which any Target Company does business. The Company has provided to the Purchaser accurate and complete copies
of its Organizational Documents and the Organizational Documents of each of the other Target Companies, each as amended to date
and as currently in effect. No Target Company is in violation of any provision of its Organizational Documents.

 

4.2 Authorization;
Binding Agreement. Each Company Party has all requisite corporate power and authority to execute and deliver this Agreement
and each Ancillary Document to which it is or is required to be a party, to perform its obligations hereunder and thereunder and
to consummate the transactions contemplated hereby and thereby. The execution and delivery of this Agreement and each Ancillary
Document to which a Company Party is or is required to be a party and the consummation of the transactions contemplated hereby
and thereby, (a) have been duly and validly authorized by such Company Party’s board of directors and shareholders to the
extent required by the Company’s Organizational Documents, the Cayman Islands Act and any other applicable Law or any Contract
to which a Company Party or any of its shareholders is a party or by which it or its securities are bound and (b) no other corporate
proceedings on the part of a Company Party are necessary to authorize the execution and delivery of this Agreement and each Ancillary
Document to which it is a party or to consummate the transactions contemplated hereby and thereby. This Agreement has been, and
each Ancillary Document to which a Company Party is or is required to be a party shall be when delivered, duly and validly executed
and delivered by such Company Party and assuming the due authorization, execution and delivery of this Agreement and any such Ancillary
Document by the other parties hereto and thereto, constitutes, or when delivered shall constitute, the legal, valid and binding
obligation of such Company Party, enforceable against such Company Party in accordance with its terms, subject to the Enforceability
Exceptions.

 

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4.3 Capitalization.

 

(a) The
Company is authorized to issue 5,000,000 Company Ordinary Shares, of which 2,000,000 Company Ordinary Shares are issued and outstanding.
No Company Ordinary Shares are held in its treasury. All of the issued and outstanding Company Ordinary Shares have been duly authorized
and validly issued, are fully paid and non-assessable and have not been issued in violation of any purchase option, right of first
refusal, preemptive right, subscription right or any similar right under any provision of Cayman Islands Act, any other applicable
Law, the Company Charter or any Contract to which the Company is a party or by which it or its securities are bound. All of the
issued and outstanding Company Ordinary Shares are owned of record and beneficially by the Persons set forth on Schedule 4.3(a),
all of which Company Ordinary Shares are owned free and clear of any Liens other than those imposed under the Company Charter or
applicable securities Laws. The Purchased Shares to be delivered by the Sellers to the Purchaser at the Closing constitute all
of the issued and outstanding shares and other equity interests in or of the Company. No other class of shares or equity securities
of the Company is authorized or outstanding will be outstanding immediately after the Closing. None of the outstanding shares or
other equity interests in or of the Company were issued in violation of any applicable securities Laws.

 

(b) There
are no options, warrants or other rights to subscribe for or purchase any shares or other equity interests in or of the Company
or securities convertible into or exchangeable for, or that otherwise confer on the holder any right to acquire any shares or other
equity interests in or of the Company, or preemptive rights or rights of first refusal or first offer, nor are there any Contracts,
commitments, arrangements or restrictions to which the Company or, to the Knowledge of the Company, any of its shareholders are
a party or bound relating to any equity securities of the Company, whether or not outstanding. There are no outstanding or authorized
equity appreciation, phantom equity or similar rights with respect to the Company. There are no voting trusts, proxies, shareholder
agreements or any other agreements or understandings with respect to the voting of the Company’s shares or other equity interests.
Except as set forth in the Company Charter, there are no outstanding contractual obligations of the Company to repurchase, redeem
or otherwise acquire any shares or other equity interests or securities in or of the Company, nor has the Company granted any registration
rights to any Person with respect to the Company’s shares or other equity securities. All of the Company’s securities
have been granted, offered, sold and issued in compliance with all applicable securities Laws. As a result of the consummation
of the transactions contemplated by this Agreement, no shares or other equity interests in or of the Company are issuable and no
rights in connection with any interests, warrants, rights, options or other securities of the Company accelerate or otherwise become
triggered (whether as to vesting, exercisability, convertibility or otherwise).

 

(c) Except
as disclosed in the Company Financials or as set forth on Schedule 4.3(c), since January 1, 2017, the Company has not declared
or paid any distribution or dividend in respect of its shares or other equity interests and has not repurchased, redeemed or otherwise
acquired any shares or other equity interests in or of the Company, and the Company’s board of directors has not authorized
any of the foregoing.

 

4.4 Subsidiaries.

 

(a) Schedule
4.4(a) sets forth the name of each Subsidiary of the Company, and with respect to each Subsidiary (a) its jurisdiction of organization,
(b) its authorized shares or other equity interests (if applicable), and (c) the number of issued and outstanding equity interests
and the record holders and beneficial owners thereof. All of the outstanding equity securities of each Subsidiary of the Company
are duly authorized and validly issued, fully paid and non-assessable (if applicable), and were offered, sold and delivered in
compliance with all applicable securities Laws, and owned by the Company or one of its Subsidiaries free and clear of all Liens
(other than those, if any, imposed by such Subsidiary’s Organizational Documents). There are no Contracts to which the Company
or any of its Affiliates is a party or bound with respect to the voting (including voting trusts or proxies) of the shares or other
equity interests in or of any Subsidiary of the Company other than the Organizational Documents of any such Subsidiary. Except
as set forth on Schedule 4.4(a), there are no outstanding or authorized options, warrants, rights, agreements, subscriptions,
convertible securities or commitments to which any Subsidiary of the Company is a party or which are binding upon any Subsidiary
of the Company providing for the issuance or redemption of any shares or other equity interests in or of any Subsidiary of the
Company. There are no outstanding equity appreciation, phantom equity, profit participation or similar rights granted by any Subsidiary
of the Company. Except as set forth on Schedule 4.4(a), no Subsidiary of the Company has any limitation, whether by Contract,
Order or applicable Law, on its ability to make any distributions or dividends to its equity holders or pay any debt owed to another
Target Company. Except for the equity interests of the Subsidiaries listed on Schedule 4.4(a), the Company does not own
or have any rights to acquire, directly or indirectly, any shares or other equity interests in or of, or otherwise Control, any
Person. No Target Company is a participant in any joint venture, partnership or similar arrangement. There are no outstanding contractual
obligations of any Target Company to provide funds to, or make any investment (in the form of a loan, capital contribution or otherwise)
in, any other Person.

 

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(b) Glory
Star HK is a wholly-owned Subsidiary of the Company, and is the legal and beneficial owner of one hundred percent (100%) of the
issued and outstanding equity interests of the WFOE. Except for the pledge of the shares of the VIE Shareholders to be made to
the VIEs pursuant to the VIE Contracts, there are no outstanding options, warrants, rights (including conversion rights, preemptive
rights, rights of first refusal or similar rights) or agreements to purchase or acquire any equity interest, or any securities
convertible into or exchangeable for an equity interest, of any VIE. Pursuant to the VIE Contracts, upon the execution thereof,
substantially all of the profits of the VIEs are paid to the WFOE and the VIEs are contractually controlled by the WFOE.

 

(c) The
capital and organizational structure of each Target Company organized or registered in the PRC (each, a “PRC Target
Company”) are valid and in full compliance with the applicable PRC Laws. Except as set forth on Schedule 4.4(c),
the registered capital of each PRC Target Company has been fully paid up in accordance with the schedule of payment stipulated
in its articles of association, approval documents, certificates of approval and legal person business license (collectively, the
“PRC Establishment Documents”) and in compliance with applicable PRC Laws, and there is no outstanding
capital contribution commitment. The Establishment Documents of each PRC Target Company has been duly approved and filed in accordance
with the laws of the PRC and are valid and enforceable. The business scope specified in the PRC Establishment Documents of the
PRC Target Companies complies in all material respects with the requirements of all applicable PRC Laws, and the operation and
conduct of business by, and the term of operation of the PRC Target Companies in accordance with the PRC Establishment Documents
is in compliance in all material respects with applicable PRC Laws.

 

4.5 Governmental
Approvals. Except as otherwise described in Schedule 4.5, no Consent of or with any Governmental Authority on the part
of any Target Company is required to be obtained or made in connection with the execution, delivery or performance by the Company
of this Agreement or any Ancillary Documents or the consummation by the Company of the transactions contemplated hereby or thereby
other than (a) such filings as expressly contemplated by this Agreement and (b) pursuant to Antitrust Laws in the PRC.

 

4.6 Non-Contravention.
Except as otherwise described in Schedule 4.6, the execution and delivery by the Company (or any other Target Company, as
applicable) of this Agreement and each Ancillary Document to which any Target Company is or is required to be a party or otherwise
bound, and the consummation by any Target Company of the transactions contemplated hereby and thereby and compliance by any Target
Company with any of the provisions hereof and thereof, will not (a) conflict with or violate any provision of any Target Company’s
Organizational Documents, (b) subject to obtaining the Consents from Governmental Authorities referred to in Section 4.5
hereof, the waiting periods referred to therein having expired, and any condition precedent to such Consent or waiver having been
satisfied, conflict with or violate any Law, Order or Consent applicable to any Target Company or any of its properties or assets,
or (c) (i) violate, conflict with or result in a breach of, (ii) constitute a default (or an event which, with notice or lapse
of time or both, would constitute a default) under, (iii) result in the termination, withdrawal, suspension, cancellation or modification
of, (iv) accelerate the performance required by any Target Company under, (v) result in a right of termination or acceleration
under, (vi) give rise to any obligation to make payments or provide compensation under, (vii) result in the creation of any Lien
upon any of the properties or assets of any Target Company under, (viii) give rise to any obligation to obtain any third party
Consent or provide any notice to any Person or (ix) give any Person the right to declare a default, exercise any remedy, claim
a rebate, chargeback, penalty or change in delivery schedule, accelerate the maturity or performance, cancel, terminate or modify
any right, benefit, obligation or other term under, any of the terms, conditions or provisions of, any Company Material Contract.

 

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4.7 Financial
Statements.

 

(a) As
used herein, the term “Company Financials” means (i) the final unsigned audited consolidated financial
statements of the Target Companies (including, in each case, any related notes thereto), subject to auditor’s final review,
consisting of the consolidated balance sheets of the Target Companies as of December 31, 2018 and December 31, 2017, and the related
consolidated audited income statements, changes in shareholder equity and statements of cash flows for the years then ended, each
audited in accordance with PCAOB auditing standards by a PCAOB qualified auditor (the “Draft Audited Financial Statements”),
(ii) when delivered by the Company, the final audited consolidated financial statements of the Target Companies (including, in
each case, any related notes thereto), consisting of the consolidated balance sheets of the Target Companies as of December 31,
2018 and December 31, 2017, and the related consolidated audited income statements, changes in shareholder equity and statements
of cash flows for the years then ended, each audited in accordance with PCAOB auditing standards by a PCAOB qualified auditor (the
“Final Audited Financial Statements”), (iii) the Company prepared financial statements of the Target
Companies, consisting of the consolidated balance sheet of the Target Companies as of June 30, 2019 (the “Interim Balance
Sheet Date”) and the related consolidated income statement, changes in shareholder equity and statement of cash flows
for the six (6) months then ended, and (iv) the unaudited consolidated financial statements of the Target Companies, consisting
of the consolidated balance sheet of the Target Companies as of July 31, 2019, and the related unaudited consolidated income statement
for the seven (7) months then ended (the financial statements described in clauses (iii) and (iv), the “Management
Reports”). True and correct copies of the Company Financials have been provided to the Purchaser. The Company Financials
(i) accurately reflect the books and records of the Target Companies as of the times and for the periods referred to therein, (ii)
except for the Management Reports, were prepared in accordance with GAAP, consistently applied throughout and among the periods
involved (except that the unaudited statements exclude the footnote disclosures and other presentation items required for GAAP
and exclude year-end adjustments which will not be material in amount), (iii) except for the Management Reports, comply with all
applicable accounting requirements under the Securities Act and the rules and regulations of the SEC thereunder, and (iv) fairly
present in all material respects the consolidated financial position of the Target Companies as of the respective dates thereof
and the consolidated results of the operations and cash flows of the Target Companies for the periods indicated.

 

(b) Each
Target Company maintains accurate books and records reflecting its assets and Liabilities and maintains proper and adequate internal
accounting controls that provide reasonable assurance that (i) such Target Company does not maintain any off-the-book accounts
and that such Target Company’s assets are used only in accordance with such Target Company’s management directives,
(ii) transactions are executed with management’s authorization, (iii) transactions are recorded as necessary to permit preparation
of the financial statements of such Target Company and to maintain accountability for such Target Company’s assets, (iv)
access to such Target Company’s assets is permitted only in accordance with management’s authorization, (v) the reporting
of such Target Company’s assets is compared with existing assets at regular intervals and verified for actual amounts and
(vi) accounts, notes and other receivables and inventory are recorded accurately, and proper and adequate procedures are implemented
to effect the collection of accounts, notes and other receivables on a current and timely basis. No Target Company has been subject
to or involved in any material fraud that involves management or other employees who have a significant role in the internal controls
over financial reporting of any Target Company. Since January 1, 2016, no Target Company or its Representatives has received any
written complaint, allegation, assertion or claim regarding the accounting or auditing practices, procedures, methodologies or
methods of any Target Company or its internal accounting controls, including any material written complaint, allegation, assertion
or claim that any Target Company has engaged in questionable accounting or auditing practices.

 

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(c) No
Target Company has ever been subject to the reporting requirements of Sections 13(a) and 15(d) of the Exchange Act.

 

(d) The
Target Companies do not have any Indebtedness other than the Indebtedness set forth on Schedule 4.7(d), and in such amounts
(including principal and any accrued but unpaid interest or other obligations with respect to such Indebtedness), as set forth
on Schedule 4.7(d). Except as disclosed on Schedule 4.7(d), no Indebtedness of any Target Company contains any restriction
upon (i) the prepayment of any of such Indebtedness, (ii) the incurrence of Indebtedness by any Target Company, or (iii) the ability
of the Target Companies to grant any Lien on their respective properties or assets.

 

(e) Except
as set forth on Schedule 4.7(e), no Target Company is subject to any Liabilities or obligations (whether or not required
to be reflected on a balance sheet prepared in accordance with GAAP), except for those that are either (i) adequately reflected
or reserved on or provided for in the consolidated balance sheet of the Company and its Subsidiaries as of the Interim Balance
Sheet Date contained in the Company Financials or (ii) not material and that were incurred after the Interim Balance Sheet Date
in the ordinary course of business consistent with past practice (other than Liabilities for breach of any Contract or violation
of any Law).

 

(f) All
financial projections with respect to the Target Companies that were delivered by or on behalf of the Company to the Purchaser
or its Representatives were prepared in good faith using assumptions that the Company believes to be reasonable.

 

4.8 Absence
of Certain Changes. Except as set forth on Schedule 4.8, or for actions expressly contemplated by this Agreement, since
January 1, 2019, each Target Company has (a) conducted its business only in the ordinary course of business consistent with past
practice, (b) not been subject to a Material Adverse Effect and (c) has not taken any action or committed or agreed to take any
action that would be prohibited by Section 6.2(b) (without giving effect to Schedule 6.2) if such action were taken
on or after the date hereof without the consent of the Purchaser.

 

4.9 Compliance
with Laws. Except as set forth on Schedule 4.9, no Target Company is or has been in material conflict or non-compliance
with, or in material default or violation of, nor has any Target Company received, since January 1, 2014, any written or, to the
Knowledge of the Company, oral notice of any material conflict or non-compliance with, or material default or violation of, any
applicable Laws by which it or any of its properties, assets, employees, business or operations are or were bound or affected.

 

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4.10 Company
Permits. Each Target Company (and its employees who are legally required to be licensed by a Governmental Authority in order
to perform his or her duties with respect to his or her employment with any Target Company), holds all Permits necessary to lawfully
conduct in all material respects its business as presently conducted and as currently contemplated to be conducted, and to own,
lease and operate its assets and properties, including relevant value-added telecommunication service permits, broadcast and television
program production permit, internet cultural operation permits, food business permit and online food distribution third-party platform
registration (collectively, the “Company Permits”). The Company has made available to the Purchaser true,
correct and complete copies of all material Company Permits, all of which material Company Permits are listed on Schedule 4.10.
All of the Company Permits are in full force and effect, and no suspension or cancellation of any of the Company Permits is pending
or, to the Company’s Knowledge, threatened. No Target Company is in violation in any material respect of the terms of any
Company Permit, and no Target Company has received any written or, to the Knowledge of the Company, oral notice of any Actions
relating to the revocation or modification of any Company Permit. All filings and registrations with PRC Governmental Authorities
required in respect of each of the PRC Target Companies and its operations, including the registrations with the Ministry of Commerce,
the State Administration of Press, Publication, Radio, Film and Television, the Ministry of Culture and Tourism, the State Administration
for Market Regulation, the Ministry of Industry and Information Technology, the China Food and Drug Administration, the State Administration
for Foreign Exchange, tax bureau, customs authorities, product registration authorities and health regulatory authorities, as applicable,
have been duly completed in accordance with applicable PRC Law.

 

4.11 Litigation.
Except as described on Schedule 4.11, there is no (a) Action of any nature pending or, to the Company’s Knowledge,
threatened, nor is there any reasonable basis for any Action to be made (and no such Action has been brought or, to the Company’s
Knowledge, threatened since January 1, 2014), or (b) Order now pending or outstanding or that was rendered by a Governmental Authority
since January 1, 2014, in either case of (a) or (b) by or against any Target Company, its current or former directors, officers
or equity holders (provided, that any litigation involving the directors, officers or equity holders of a Target Company must be
related to the Target Company’s business, equity securities or assets), its business, equity securities or assets. The items
listed on Schedule 4.11, if finally determined adverse to the Target Companies, will not have, either individually or in
the aggregate, a Material Adverse Effect upon any Target Company. Since January 1, 2014, none of the current or former officers,
senior management or directors of any Target Company have been charged with, indicted for, arrested for, or convicted of any felony
or any crime involving fraud.

 

4.12 Material
Contracts.

 

(a) Schedule
4.12(a) sets forth a true, correct and complete list of, and the Company has made available to the Purchaser (including written
summaries of oral Contracts), true, correct and complete copies of, each Contract to which any Target Company is a party or by
which any Target Company, or any of its properties or assets are bound or affected (each Contract required to be set forth on Schedule
4.12(a), a “Company Material Contract”) that:

 

(i) contains
covenants that limit the ability of any Target Company (A) to compete in any line of business or with any Person or in any
geographic area or to sell, or provide any service or product or solicit any Person, including any non-competition covenants, employee
and customer non-solicit covenants, exclusivity restrictions, rights of first refusal or most-favored pricing clauses or (B) to
purchase or acquire an interest in any other Person;

 

(ii) involves
any joint venture, profit-sharing, partnership, limited liability company or other similar agreement or arrangement relating to
the formation, creation, operation, management or control of any partnership or joint venture;

 

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(iii) involves
any exchange traded, over the counter or other swap, cap, floor, collar, futures contract, forward contract, option or other derivative
financial instrument or Contract, based on any commodity, security, instrument, asset, rate or index of any kind or nature whatsoever,
whether tangible or intangible, including currencies, interest rates, foreign currency and indices;

 

(iv) evidences
Indebtedness (whether incurred, assumed, guaranteed or secured by any asset) of any Target Company having an outstanding principal
amount in excess of $100,000;

 

(v) involves
the acquisition or disposition, directly or indirectly (by merger or otherwise), of assets with an aggregate value in excess of
$100,000 (other than in the ordinary course of business consistent with past practice) or shares or other equity interests in or
of any Target Company or another Person;

 

(vi) relates
to any merger, consolidation or other business combination with any other Person or the acquisition or disposition of any other
entity or its business or material assets or the sale of any Target Company, its business or material assets;

 

(vii) by
its terms, individually or with all related Contracts, calls for aggregate payments or receipts by the Target Companies under such
Contract or Contracts of at least $100,000 per year or $250,000 in the aggregate;

 

(viii) obligates
the Target Companies to provide continuing indemnification or a guarantee of obligations of a third party after the date hereof
in excess of $100,000;

 

(ix) is
between any Target Company and any Top Customer or Top Vendor;

 

(x) is
between any Target Company and any directors, officers or employees of a Target Company (other than at-will employment arrangements
with employees entered into in the ordinary course of business consistent with past practice), including all non-competition, severance
and indemnification agreements, or any Related Person;

 

(xi) obligates
the Target Companies to make any capital commitment or expenditure in excess of $100,000 (including pursuant to any joint venture);

 

(xii) relates
to a material settlement entered into within three (3) years prior to the date of this Agreement or under which any Target Company
has outstanding obligations (other than customary confidentiality obligations);

 

(xiii) provides
another Person (other than another Target Company or any manager, director or officer of any Target Company) with a power of attorney;

 

(xiv) relates
to the development, ownership, licensing or use of any Intellectual Property by, to or from any Target Company, other than Off-the-Shelf
Software;

 

(xv) that
would be required to be filed by the Company as an exhibit for a Form S-1 pursuant to Items 601(b)(1), (2), (4), (9) or (10) of
Regulation S-K under the Securities Act as if the Company was the registrant; or

 

(xvi) is
otherwise material to any Target Company or outside of the ordinary course of business of the Target Companies and not described
in clauses (i) through (xv) above.

 

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(b) Except
as disclosed in Schedule 4.12(b), with respect to each Company Material Contract: (i) such Company Material Contract is
valid and binding and enforceable in all respects against the Target Company party thereto (subject to the Enforceability Exceptions)
and, to the Knowledge of the Company, each other party thereto, and is in full force and effect; (ii) the consummation of the transactions
contemplated by this Agreement will not affect the validity or enforceability of any Company Material Contract; (iii) no Target
Company is in breach or default in any respect, and no event has occurred that with the passage of time or giving of notice or
both would constitute a breach or default by any Target Company, or permit termination or acceleration by the other party thereto,
under such Company Material Contract; (iv) to the Knowledge of the Company, no other party to such Company Material Contract
is in breach or default in any respect, and no event has occurred that with the passage of time or giving of notice or both would
constitute such a breach or default by such other party, or permit termination or acceleration by any Target Company, under such
Company Material Contract; (v) no Target Company has received written or, to the Knowledge of the Company, oral notice of an intention
by any party to any such Company Material Contract that provides for a continuing obligation by any party thereto to terminate
such Company Material Contract or amend the terms thereof, other than modifications in the ordinary course of business that do
not adversely affect any Target Company; and (vi) no Target Company has waived any rights under any such Company Material Contract.

 

4.13 Intellectual
Property.

 

(a) Schedule
4.13(a)(i) sets forth: (i) all Patents and Patent applications, Trademarks and service mark registrations and applications,
copyright registrations and applications and registered Internet Assets and applications owned or licensed by a Target Company
or otherwise used or held for use by a Target Company in which a Target Company is the owner, applicant or assignee (“Company
Registered IP”), specifying as to each item, as applicable: (A) the nature of the item, including the title, (B)
the owner of the item, (C) the jurisdictions in which the item is issued or registered or in which an application for issuance
or registration has been filed and (D) the issuance, registration or application numbers and dates; and (ii) all material unregistered
Intellectual Property owned or purported to be owned by a Target Company. Schedule 4.13(a)(ii) sets forth all Intellectual
Property licenses, sublicenses and other agreements or permissions (“Company IP Licenses”) (excluding
“shrink wrap”, “click wrap” and “off the shelf” agreements for Software commercially available
on reasonable terms to the public generally with license, maintenance, support and other fees of less than $10,000 per year (collectively,
“Off-the-Shelf Software”), which are not required to be listed, although such licenses are “Company
IP Licenses” as that term is used herein), under which a Target Company is a licensee or otherwise is authorized to use or
practice any Intellectual Property, and describes (A) the applicable Intellectual Property licensed, sublicensed or used and (B)
any royalties, license fees or other compensation due from a Target Company, if any. Each Target Company owns, free and clear of
all Liens (other than Permitted Liens), has valid and enforceable rights in, and has the unrestricted right to use, sell, license,
transfer or assign, all Intellectual Property currently used, licensed or held for use by such Target Company, and previously used
or licensed by such Target Company, except for the Intellectual Property that is the subject of the Company IP Licenses. For each
Patent and Patent application in the Company Registered IP, the Target Companies have obtained valid assignments of inventions
from each inventor. Except as set forth on Schedule 4.13(a)(iii), all Company Registered IP is owned exclusively by the
applicable Target Company without obligation to pay royalties, licensing fees or other fees, or otherwise account to any third
party with respect to such Company Registered IP.

 

(b) Each
Target Company has a valid and enforceable license to use all Intellectual Property that is the subject of the Company IP Licenses
applicable to such Target Company. The Company IP Licenses include all of the licenses, sublicenses and other agreements or permissions
necessary to operate the Target Companies as presently conducted. Each Target Company is and has been in compliance in all material
respects with and has performed all obligations imposed on it in the Company IP Licenses, and such Target Company is not, nor,
to the Knowledge of the Company, is any other party thereto, in material breach or default thereunder, nor to the Knowledge of
the Company has any event occurred that with notice or lapse of time or both would constitute a default thereunder. The continued
use by the Target Companies of the Intellectual Property that is the subject of the Company IP Licenses in the same manner that
it is currently being used is not restricted by any applicable license of any Target Company. All registrations for Copyrights,
Patents, Trademarks and Internet Assets that are owned by or exclusively licensed to any Target Company are valid and in force,
and all applications to register any Copyrights, Patents and Trademarks are pending and in good standing, all without challenge
of any kind. No Target Company is party to any Contract that requires a Target Company to assign to any Person all of its rights
in any Intellectual Property developed by a Target Company under such Contract.

 

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(c) Schedule
4.13(c) sets forth all licenses, sublicenses and other agreements or permissions under which a Target Company is the licensor
(each, an “Outbound IP License”), and for each such Outbound IP License, describes (i) the applicable
Intellectual Property licensed, (ii) the licensee under such Outbound IP License, and (iii) any royalties, license fees or other
compensation due to a Target Company, if any. Each Target Company has performed all obligations imposed on it in the Outbound IP
Licenses, and such Target Company is not, nor, to the Knowledge of the Company, is any other party thereto, in breach or default
thereunder, nor has any event occurred that with notice or lapse of time or both would constitute a default thereunder.

 

(d) No
Action is pending or, to the Company’s Knowledge, threatened against a Target Company that challenges the validity, enforceability,
ownership, or right to use, sell, license or sublicense any Intellectual Property currently owned, licensed, used or held for use
by the Target Companies in any material respect. No Target Company has received any written or, to the Knowledge of the Company,
oral notice or claim asserting or suggesting that any infringement, misappropriation, violation, dilution or unauthorized use of
the Intellectual Property of any other Person is or may be occurring or has or may have occurred, as a consequence of the business
activities of any Target Company. There are no Orders to which any Target Company is a party or its otherwise bound that (i) restrict
the rights of a Target Company to use, transfer, license or enforce any Intellectual Property owned by a Target Company, (ii) restrict
the conduct of the business of a Target Company in order to accommodate a third Person’s Intellectual Property, or (iii)
other than the Outbound IP Licenses, grant any third Person any right with respect to any Intellectual Property owned by a Target
Company. No Target Company is currently infringing, or has, in the past, infringed, misappropriated or violated any Intellectual
Property of any other Person in any material respect in connection with the ownership, use or license of any Intellectual Property
owned or purported to be owned by a Target Company or, to the Knowledge of the Company, otherwise in connection with the conduct
of the respective businesses of the Target Companies. To the Company’s Knowledge, no third party is infringing upon, has
misappropriated or is otherwise violating any Intellectual Property owned, licensed by, licensed to, or otherwise used or held
for use by any Target Company (“Company IP”) in any material respect.

 

(e) All
employees and independent contractors of a Target Company have assigned to the Target Companies all Intellectual Property arising
from the services performed for a Target Company by such Persons. No current or former officers, employees or independent contractors
of a Target Company have claimed any ownership interest in any Intellectual Property owned by a Target Company. To the Knowledge
of the Company, there has been no violation of a Target Company’s policies or practices related to protection of Company
IP or any confidentiality or nondisclosure Contract relating to the Intellectual Property owned by a Target Company. The Company
has made available to the Purchaser true and complete copies of all written Contracts referenced in subsections under which employees
and independent contractors assigned their Intellectual Property to a Target Company. To the Company’s Knowledge, none of
the employees of any Target Company is obligated under any Contract, or subject to any Order, that would materially interfere with
the use of such employee’s best efforts to promote the interests of the Target Companies, or that would materially conflict
with the business of any Target Company as presently conducted or contemplated to be conducted. Each Target Company has taken reasonable
security measures in order to protect the secrecy, confidentiality and value of the material Company IP.

 

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(f) To
the Knowledge of the Company, no Person has obtained unauthorized access to third party information and data in the possession
of a Target Company, nor has there been any other material compromise of the security, confidentiality or integrity of such information
or data. Each Target Company has complied with all applicable Laws relating to privacy, data protection and security, and the collection,
processing and use of personal information (collectively, “Data Protection Laws”). Each of the Target
Companies has in place and regularly monitors and fully enforces privacy policies and guidelines compliant with all applicable
Data Protection Laws. The operation of the business of the Target Companies has not and does not violate any right to privacy or
publicity of any third person, or constitute unfair competition or trade practices under applicable Law.

 

(g) The
consummation of any of the transactions contemplated by this Agreement will not result in the material breach, material modification,
cancellation, termination, suspension of, or acceleration of any payments with respect to, or release of source code because of
(i) any Contract providing for the license or other use of Intellectual Property owned by a Target Company, or (ii) any Company
IP License. Following the Closing, the Company shall be permitted to exercise, directly or indirectly through its Subsidiaries,
all of the Target Companies’ rights under such Contracts or Company IP Licenses to the same extent that the Target Companies
would have been able to exercise had the transactions contemplated by this Agreement not occurred, without the payment of any additional
amounts or consideration other than ongoing fees, royalties or payments which the Target Companies would otherwise be required
to pay in the absence of such transactions.

 

4.14 Taxes
and Returns.

 

(a) Each
Target Company has or will have timely filed, or caused to be timely filed, all Tax Returns required to be filed by it (taking
into account all available extensions), which Tax Returns are true, accurate, correct and complete in all material respects, and
has paid, collected or withheld, or caused to be paid, collected or withheld, all Taxes required to be paid, collected or withheld,
other than such Taxes for which adequate reserves in the Company Financials have been established. Each Target Company has complied
with all applicable Laws relating to Tax.

 

(b) There
is no current pending or, to the Knowledge of the Company, threatened Action against a Target Company by a Governmental Authority
in a jurisdiction where the Target Company does not file Tax Returns that it is or may be subject to taxation by that jurisdiction.

 

(c) No
Target Company is being audited by any Tax authority or has been notified in writing or, to the Knowledge of the Company, orally
by any Tax authority that any such audit is contemplated or pending. There are no claims, assessments, audits, examinations, investigations
or other Actions pending against a Target Company in respect of any Tax, and no Target Company has been notified in writing of
any proposed Tax claims or assessments against it (other than, in each case, claims or assessments for which adequate reserves
in the Company Financials have been established).

 

(d) There
are no Liens with respect to any Taxes upon any Target Company’s assets, other than Permitted Liens.

 

(e) Each
Target Company has collected or withheld all Taxes currently required to be collected or withheld by it, and all such Taxes have
been paid to the appropriate Governmental Authorities or set aside in appropriate accounts for future payment when due.

 

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(f) No
Target Company has any outstanding waivers or extensions of any applicable statute of limitations to assess any amount of Taxes.
There are no outstanding requests by a Target Company for any extension of time within which to file any Tax Return or within which
to pay any Taxes shown to be due on any Tax Return.

 

(g) No
Target Company has made any change in accounting method (except as required by a change in Law) or received a ruling from, or signed
an agreement with, any taxing authority that would reasonably be expected to have a material impact on its Taxes following the
Closing.

 

(h) No
Target Company has participated in, or sold, distributed or otherwise promoted, any “reportable transaction,” as defined
in U.S. Treasury Regulation section 1.6011-4.

 

(i) No
Target Company has any Liability for the Taxes of another Person (other than another Target Company) (i) under any applicable Tax
Law, (ii) as a transferee or successor, or (iii) by contract, indemnity or otherwise (excluding commercial agreements entered into
in the ordinary course of business, the primary purpose of which is not the sharing of Taxes). No Target Company is a party to
or bound by any Tax indemnity agreement, Tax sharing agreement or Tax allocation agreement or similar agreement, arrangement or
practice (excluding commercial agreements entered into in the ordinary course of business, the primary purpose of which is not
the sharing of Taxes) with respect to Taxes (including advance pricing agreement, closing agreement or other agreement relating
to Taxes with any Governmental Authority) that will be binding on any Target Company with respect to any period following the Closing
Date.

 

(j) No
Target Company has requested, or is it the subject of or bound by any private letter ruling, technical advice memorandum, closing
agreement or similar ruling, memorandum or agreement with any Governmental Authority with respect to any Taxes, nor is any such
request outstanding.

 

(k) No
Target Company: (i) has constituted either a “distributing corporation” or a “controlled corporation” (within
the meaning of Section 355(a)(1)(A) of the Code) in a distribution of securities (to any Person or entity that is not a member
of the consolidated group of which the Company is the common parent corporation) qualifying for, or intended to qualify for, Tax-free
treatment under Section 355 of the Code (A) within the two-year period ending on the date hereof or (B) in a distribution which
could otherwise constitute part of a “plan” or “series of related transactions” (within the meaning of
Section 355(e) of the Code) in conjunction with the transactions contemplated by this Agreement; or (ii) is or has ever been (A)
a U.S. real property holding corporation within the meaning of Section 897(c)(2) of the Code, or (B) a member of any consolidated,
combined, unitary or affiliated group of corporations for any Tax purposes other than a group of which the Company is or was the
common parent corporation.

 

(l) No
Target Company is treated as a domestic corporation under Section 7874(b) of the Code.

 

4.15 Real
Property. Schedule 4.15 contains a complete and accurate list of all premises leased or subleased or otherwise used
or occupied by a Target Company for the operation of the business of a Target Company, and of all leases, lease guarantees, agreements
and documents related thereto, including all amendments, terminations and modifications thereof or waivers thereto (collectively,
the “Company Real Property Leases”), as well as the current annual rent and term under each Company Real
Property Lease. The Company has provided to the Purchaser a true and complete copy of each of the Company Real Property Leases,
and in the case of any oral Company Real Property Lease, a written summary of the material terms of such Company Real Property
Lease. The Company Real Property Leases are valid, binding and enforceable in accordance with their terms and are in full force
and effect. To the Knowledge of the Company, no event has occurred which (whether with or without notice, lapse of time or both
or the happening or occurrence of any other event) would constitute a default on the part of a Target Company or any other party
under any of the Company Real Property Leases, and no Target Company has received notice of any such condition. No Target Company
owns or has ever owned any real property or any interest in real property (other than the leasehold interests in the Company Real
Property Leases).

 

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4.16 Personal
Property. Each item of Personal Property which is currently owned, used or leased by a Target Company with a book value or
fair market value of greater than Fifty Thousand Dollars ($50,000) is set forth on Schedule 4.16, along with, to the extent
applicable, a list of lease agreements, lease guarantees, security agreements and other agreements related thereto, including all
amendments, terminations and modifications thereof or waivers thereto (“Company Personal Property Leases”).
Except as set forth in Schedule 4.16, all such items of Personal Property are in good operating condition and repair (ordinary
wear and tear excepted consistent with the age of such items), and are suitable for their intended use in the business of the Target
Companies. The operation of each Target Company’s business as it is now conducted or presently proposed to be conducted is
not dependent upon the right to use the Personal Property of Persons other than a Target Company, except for such Personal Property
that is owned by, or leased, licensed or otherwise contracted to, a Target Company. The Company has provided to the Purchaser a
true and complete copy of each of the Company Personal Property Leases, and in the case of any oral Company Personal Property Lease,
a written summary of the material terms of such Company Personal Property Lease. The Company Personal Property Leases are valid,
binding and enforceable in accordance with their terms and are in full force and effect. To the Knowledge of the Company, no event
has occurred which (whether with or without notice, lapse of time or both or the happening or occurrence of any other event) would
constitute a default on the part of a Target Company or any other party under any of the Company Personal Property Leases, and
no Target Company has received notice of any such condition.

 

4.17 Title
to and Sufficiency of Assets. Each Target Company has good and marketable title to, or a valid leasehold interest in or right
to use, all of its assets, free and clear of all Liens other than (a) Permitted Liens, (b) the rights of lessors under leasehold
interests, (iii) Liens specifically identified in the last audited financial statements included in the Company Financials and
(d) Liens set forth on Schedule 4.17. The assets (including Intellectual Property rights and contractual rights) of the
Target Companies constitute all of the assets, rights and properties that are used in the operation of the businesses of the Target
Companies as it is now conducted and presently proposed to be conducted or that are used or held by the Target Companies for use
in the operation of the businesses of the Target Companies, and taken together, are adequate and sufficient for the operation of
the businesses of the Target Companies as currently conducted and as presently proposed to be conducted.

 

4.18 Employee
Matters.

 

(a) Except
as set forth in Schedule 4.18(a), no Target Company is a party to any collective bargaining agreement or other Contract
covering any group of employees, labor organization or other representative of any of the employees of any Target Company, and
the Company has no Knowledge of any activities or proceedings of any labor union or other party to organize or represent such employees.
There has not occurred or, to the Knowledge of the Company, been threatened any strike, slow-down, picketing, work-stoppage, or
other similar labor activity with respect to any such employees. Schedule 4.18(a) sets forth all unresolved labor controversies
(including unresolved grievances and age or other discrimination claims), if any, that are pending or, to the Knowledge of the
Company, threatened between any Target Company and Persons employed by or providing services as independent contractors to a Target
Company. No current officer or employee of a Target Company has provided any Target Company written or, to the Knowledge of the
Company, oral notice of his or her plan to terminate his or her employment with any Target Company.

 

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(b) Except
as set forth in Schedule 4.18(b), each Target Company (i) is and has been in compliance in all material respects with
all applicable Laws respecting employment and employment practices, terms and conditions of employment, health and safety and wages
and hours, and other Laws relating to discrimination, disability, labor relations, hours of work, payment of wages and overtime
wages, pay equity, immigration, workers compensation, working conditions, employee scheduling, occupational safety and health,
family and medical leave, and employee terminations, and has not received written or, to the Knowledge of the Company, oral notice
that there is any pending Action involving unfair labor practices against a Target Company, (ii) is not liable for any material
past due arrears of wages or any material penalty for failure to comply with any of the foregoing, and (iii) is not liable
for any material payment to any Governmental Authority with respect to unemployment compensation benefits, social security or other
benefits or obligations for employees, independent contractors or consultants (other than routine payments to be made in the ordinary
course of business and consistent with past practice). There are no Actions pending or, to the Knowledge of the Company, threatened
against a Target Company brought by or on behalf of any applicant for employment, any current or former employee, any Person alleging
to be a current or former employee, or any Governmental Authority, relating to any such Law or regulation, or alleging breach of
any express or implied contract of employment, wrongful termination of employment, or alleging any other discriminatory, wrongful
or tortious conduct in connection with the employment relationship.

 

(c) Schedule
4.18(c) hereto sets forth a complete and accurate list, as of the date hereof, of all employees of the Target Companies showing
for each as of such date (i) the employee’s name, job title or description, employer, location, salary level (including any
bonus, commission, deferred compensation or other remuneration payable (other than any such arrangements under which payments are
at the discretion of the Target Companies)), (ii) any bonus, commission or other remuneration other than salary paid during the
calendar year ending December 31, 2018, and (iii) any wages, salary, bonus, commission or other compensation paid or due and owing
to each employee during or for the calendar year ending December 31, 2019. Except as set forth on Schedule 4.18(c), (A)
no employee is a party to a written employment Contract with a Target Company and each is employed “at will” or, with
respect to employees located in China, with a “non-fixed term” in accordance with Chinese Labor Contract Law, and (B)
the Target Companies have paid in full to all their employees all wages, salaries, commission, bonuses and other compensation due
to such employees, including overtime compensation, and no Target Company has any obligation or Liability (whether or not contingent)
with respect to severance payments to any such employees under the terms of any written or, to the Company’s Knowledge, oral
agreement, or commitment or any applicable Law, custom, trade or practice. Except as set forth in Schedule 4.18(c), each
employee of any Target Company has entered into the Company’s standard form of employee non-disclosure, inventions and restrictive
covenants agreement with a Target Company (whether pursuant to a separate agreement or incorporated as part of such employee’s
overall employment agreement), a copy of which has been made available to the Purchaser by the Company.

 

(d) Schedule
4.18(d) contains a list of all independent contractors (including consultants) currently engaged by any Target Company, along
with the position, the entity engaging such Person, date of retention and rate of remuneration, most recent increase (or decrease)
in remuneration and amount thereof, for each such Person. Except as set forth on Schedule 4.18(d), all of such independent
contractors are a party to a written Contract with a Target Company, and each such independent contractor has entered into customary
covenants regarding confidentiality, non-competition and assignment of inventions and copyrights in such Person’s agreement
with a Target Company, a copy of which has been provided to the Purchaser by the Company. For the purposes of applicable Law, including
the Code, all independent contractors who are currently, or within the last six (6) years have been, engaged by a Target Company
are bona fide independent contractors and not employees of a Target Company. Each independent contractor is terminable on fewer
than thirty (30) days’ notice, without any obligation of any Target Company to pay severance or a termination fee.

 

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4.19 Benefit
Plans.

 

(a) Set
forth on Schedule 4.19(a) is a true and complete list of each Foreign Plan of a Target Company (each, a “Company
Benefit Plan”). No Target Company has ever maintained or contributed to (or had an obligation to contribute to) any
Benefit Plan, whether or not subject to ERISA, which is not a Foreign Plan.

 

(b) With
respect to each Company Benefit Plan which covers any current or former officer, director, consultant or employee (or beneficiary
thereof) of a Target Company, the Company has made available to the Purchaser accurate and complete copies, if applicable, of:
(i) all plan documents and related trust agreements or annuity Contracts (including any amendments, modifications or supplements
thereto), and written description of any Company Benefit Plans which are not in writing; (ii) the most recent annual and periodic
accounting of plan assets; (iii) the most recent actuarial valuation; and (iv) all communications with any Governmental Authority
concerning any matter that is still pending or for which a Target Company has any outstanding Liability or obligation.

 

(c) With
respect to each Company Benefit Plan: (i) such Company Benefit Plan has been administered and enforced in all material respects
in accordance with its terms and the requirements of all applicable Laws, and has been maintained, where required, in good standing
with applicable regulatory authorities and Governmental Authorities; (ii) no breach of fiduciary duty has occurred; (iii) no Action
is pending, or to the Company's Knowledge, threatened (other than routine claims for benefits arising in the ordinary course of
administration); (iv) all contributions, premiums and other payments (including any special contribution, interest or penalty)
required to be made with respect to a Company Benefit Plan have been timely made; (v) all benefits accrued under any unfunded Company
Benefit Plan have been paid, accrued, or otherwise adequately reserved in accordance with GAAP and are reflected on the Company
Financials; and (vi) no Company Benefit Plan provides for retroactive increases in contributions, premiums or other payments in
relation thereto. No Target Company has incurred any obligation in connection with the termination of, or withdrawal from, any
Company Benefit Plan.

 

(d) To
the extent applicable, the present value of the accrued benefit liabilities (whether or not vested) under each Company Benefit
Plan, determined as of the end of the Company’s most recently ended fiscal year on the basis of reasonable actuarial assumptions,
each of which is reasonable, did not exceed the current value of the assets of such Company Benefit Plan allocable to such benefit
liabilities.

 

(e) The
consummation of the transactions contemplated by this Agreement and the Ancillary Documents will not: (i) entitle any individual
to severance pay, unemployment compensation or other benefits or compensation under any Company Benefit Plan or under any applicable
Law; or (ii) accelerate the time of payment or vesting, or increase the amount of any compensation due, or in respect of, any director,
employee or independent contractor of a Target Company.

 

(f) Except
to the extent required by applicable Law, no Target Company provides health or welfare benefits to any former or retired employee
or is obligated to provide such benefits to any active employee following such employee’s retirement or other termination
of employment or service.

 

(g) All
Company Benefit Plans can be terminated at any time as of or after the Closing Date without resulting in any Liability to any Target
Company, the Purchaser or their respective Affiliates for any additional contributions, penalties, premiums, fees, fines, excise
taxes or any other charges or liabilities.

 

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4.20 Environmental
Matters. Except as set forth in Schedule 4.20:

 

(a) Each
Target Company is and has been in compliance in all material respects with all applicable Environmental Laws, including obtaining,
maintaining in good standing, and complying in all material respects with all Permits required for its business and operations
by Environmental Laws (“Environmental Permits”), no Action is pending or, to the Company’s Knowledge,
threatened to revoke, modify, or terminate any such Environmental Permit, and, to the Company’s Knowledge, no facts, circumstances,
or conditions currently exist that could adversely affect such continued compliance with Environmental Laws and Environmental Permits
or require capital expenditures to achieve or maintain such continued compliance with Environmental Laws and Environmental Permits.

 

(b) No
Target Company is the subject of any outstanding Order or Contract with any Governmental Authority or other Person in respect of
any (i) Environmental Laws, (ii) Remedial Action, or (iii) Release or threatened Release of a Hazardous Material. No Target Company
has assumed, contractually or by operation of Law, any Liabilities or obligations under any Environmental Laws.

 

(c) No
Action has been made or is pending, or to the Company’s Knowledge, threatened against any Target Company or any assets of
a Target Company alleging either or both that a Target Company may be in material violation of any Environmental Law or Environmental
Permit or may have any material Liability under any Environmental Law.

 

(d) No
Target Company has manufactured, treated, stored, disposed of, arranged for or permitted the disposal of, generated, handled or
Released any Hazardous Material, or owned or operated any property or facility, in a manner that has given or would reasonably
be expected to give rise to any material Liability or obligation under applicable Environmental Laws. No fact, circumstance, or
condition exists in respect of any Target Company or any property currently or formerly owned, operated, or leased by any Target
Company or any property to which a Target Company arranged for the disposal or treatment of Hazardous Materials that could reasonably
be expected to result in a Target Company incurring any material Environmental Liabilities.

 

(e) There
is no investigation of the business, operations, or currently owned, operated, or leased property of a Target Company or, to the
Company’s Knowledge, previously owned, operated, or leased property of a Target Company pending or, to the Company’s
Knowledge, threatened that could lead to the imposition of any Liens under any Environmental Law or material Environmental Liabilities.

 

(f) To
the Knowledge of the Company, there is not located at any of the properties of a Target Company any (i) underground storage tanks,
(ii) asbestos-containing material, or (iii) equipment containing polychlorinated biphenyls.

 

(g) The
Company has provided to the Purchaser all environmentally related site assessments, audits, studies, reports, analysis and results
of investigations that have been performed in respect of the currently or previously owned, leased, or operated properties of any
Target Company.

 

4.21 Transactions
with Related Persons. Except as set forth on Schedule 4.21, no Target Company nor any of its Affiliates, nor any officer,
director, manager, employee, trustee or beneficiary of a Target Company or any of its Affiliates, nor any immediate family member
of any of the foregoing (whether directly or indirectly through an Affiliate of such Person) (each of the foregoing, a “Related
Person”) is presently, or in the past three (3) years has been, a party to any transaction with a Target Company,
including any Contract or other arrangement (a) providing for the furnishing of services by (other than as officers, directors
or employees of the Target Company), (b) providing for the rental of real property or Personal Property from or (c) otherwise requiring
payments to (other than for services or expenses as directors, officers or employees of the Target Company in the ordinary course
of business consistent with past practice) any Related Person or any Person in which any Related Person has an interest as an owner,
officer, manager, director, trustee or partner or in which any Related Person has any direct or indirect interest (other than the
ownership of securities representing no more than two percent (2%) of the outstanding voting power or economic interest of a publicly
traded company). Except as set forth on Schedule 4.21, no Target Company has outstanding any Contract or other arrangement
or commitment with any Related Person, and no Related Person owns any real property or Personal Property, or right, tangible or
intangible (including Intellectual Property) which is used in the business of any Target Company. The assets of the Target Companies
do not include any receivable or other obligation from a Related Person, and the liabilities of the Target Companies do not include
any payable or other obligation or commitment to any Related Person. Schedule 4.21 specifically identifies all Contracts,
arrangements or commitments set forth on such Schedule 4.21 that cannot be terminated upon sixty (60) days’ notice
by the Target Companies without cost or penalty.

 

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4.22 Insurance.

 

(a) Schedule
4.22(a) lists all insurance policies (by policy number, insurer, coverage period, coverage amount, annual premium and type of policy)
held by a Target Company relating to a Target Company or its business, properties, assets, directors, officers and employees, copies
of which have been provided to the Purchaser. All premiums due and payable under all such insurance policies have been timely paid
and the Target Companies are otherwise in material compliance with the terms of such insurance policies. Each such insurance policy
(i) is legal, valid, binding, enforceable and in full force and effect and (ii) will continue to be legal, valid, binding, enforceable,
and in full force and effect on identical terms following the Closing. To the Knowledge of the Company, there is no threatened
termination of, or material premium increase with respect to, any of such insurance policies. No Target Company has any self-insurance
or co-insurance programs. Since January 1, 2016, no Target Company has received any notice from, or on behalf of, any insurance
carrier relating to or involving any adverse change or any change other than in the ordinary course of business, in the conditions
of insurance, any refusal to issue an insurance policy or non-renewal of a policy, or requiring or suggesting material alteration
of any of assets of a Target Company, purchase of additional equipment or material modification of any of methods of doing business
by a Target Company.

 

(b) Schedule
4.22(b) identifies each individual insurance claim in excess of $50,000 made by a Target Company since January 1, 2016. Each
Target Company has reported to its insurers all claims and pending circumstances that would reasonably be expected to result in
a claim, except where such failure to report such a claim would not be reasonably likely to be material to the Target Companies.
To the Knowledge of the Company, no event has occurred, and no condition or circumstance exists, that would reasonably be expected
to (with or without notice or lapse of time) give rise to or serve as a basis for the denial of any such insurance claim. No Target
Company has made any claim against an insurance policy as to which the insurer is denying coverage.

 

4.23 Top
Customers and Vendors. Schedule 4.23 lists, by dollar volume received or paid, as applicable, for each of (a) the twelve
(12) months ended on December 31, 2018 and (b) the period from January 1, 2019 through the Interim Balance Sheet Date, the ten
(10) largest customers of the Target Companies (the “Top Customers”) and the ten largest vendors of goods
or services to the Target Companies (the “Top Vendors”), along with the amounts of such dollar volumes.
The relationships of each Target Company with such vendors and customers are good commercial working relationships and (i) no Top
Vendor or Top Customer within the last twelve (12) months has cancelled or otherwise terminated, or, to the Company’s Knowledge,
intends to cancel or otherwise terminate, any relationships of such Person with a Target Company, (ii) no Top Vendor or Top Customer
has during the last twelve (12) months decreased materially or, to the Company’s Knowledge, threatened to stop, decrease
or limit materially, or intends to modify materially its relationships with a Target Company or, to the Company’s Knowledge,
intends to stop, decrease or limit materially its products or services to any Target Company or its usage or purchase of the products
or services of any Target Company, (iii) to the Company’s Knowledge, no Top Vendor or Top Customer intends to refuse to pay
any amount due to any Target Company or seek to exercise any remedy against any Target Company, (iv) no Target Company has within
the past two (2) years been engaged in any material dispute with any Top Vendor or Top Customer, and (v) to the Company’s
Knowledge, the consummation of the transactions contemplated in this Agreement and the Ancillary Documents will not adversely affect
the relationship of any Target Company with any Top Vendor or Top Customer.

 

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4.24 Books
and Records. All of the financial books and records of the Target Companies are complete and accurate in all material respects
and have been maintained in the ordinary course consistent with past practice and in accordance with applicable Laws.

 

4.25 Accounts
Receivable. All accounts, notes and other receivables, whether or not accrued, and whether or not billed, of the Target Companies
(the “Accounts Receivable”) arose from sales actually made or services actually performed in the ordinary
course of business and represent valid obligations to a Target Company arising from its business. None of the Accounts Receivable
are, to the Knowledge of the Company, subject to any right of recourse, defense, deduction, return of goods, counterclaim, offset,
or set off on the part of the obligor in excess of any amounts reserved therefor on the Company Financials. All of the Accounts
Receivable are, to the Knowledge of the Company, fully collectible according to their terms in amounts not less than the aggregate
amounts thereof carried on the books of the Target Companies (net of reserves) within ninety (90) days.

 

4.26 Certain
Business Practices. No Target Company, nor any of their respective Representatives acting on their behalf has (i) used any
funds for unlawful contributions, gifts, entertainment or other unlawful expenses relating to political activity, (ii) made any
unlawful payment to foreign or domestic government officials or employees, to foreign or domestic political parties or campaigns
or violated any provision of the U.S. Foreign Corrupt Practices Act of 1977 or any comparable or similar Law of any other country
or other jurisdiction, or (iii) made any other unlawful payment. No Target Company, nor any of their respective Representatives
acting on their behalf has directly or indirectly, given or agreed to give any unlawful gift or similar benefit in any material
amount to any customer, supplier, governmental employee or other Person who is or may be in a position to help or hinder any Target
Company or assist any Target Company in connection with any actual or proposed transaction. The operations of each Target Company
are and have been conducted at all times in compliance with laundering money statutes in all applicable jurisdictions, the rules
and regulations thereunder and any related or similar rules, regulations or guidelines, issued, administered or enforced by any
Governmental Authority, and no Action involving a Target Company with respect to the any of the foregoing is pending or, to the
Knowledge of the Company, threatened. No Target Company or any of their respective directors or officers, or, to the Knowledge
of the Company, any other Representative acting on behalf of a Target Company is currently identified on the specially designated
nationals or other blocked person list or otherwise currently subject to any U.S. sanctions administered by OFAC, and no Target
Company has, directly or indirectly, used any funds, or loaned, contributed or otherwise made available such funds to any Subsidiary,
joint venture partner or other Person, in connection with any sales or operations in any country sanctioned by OFAC or for the
purpose of financing the activities of any Person currently subject to, or otherwise in violation of, any U.S. sanctions administered
by OFAC in the last five (5) fiscal years. None of the Target Companies has engaged in transactions with, or exported any of its
products or associated technical data (i) into (or to a national or resident of) Cuba, Iran, Iraq, Libya, North Korea, Syria or
any other country to which the United States has embargoed goods to or has proscribed economic transactions with or (ii) to the
knowledge of the Company, to any Person included on the United States Treasury Department’s list of Specially Designated
Nationals or the U.S. Commerce Department’s Denied Persons List.

 

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4.27 PRC
Compliance.

 

(a) Each
of the Target Companies has complied, and has taken all steps to ensure compliance by each of its equity holders, option holders,
directors, officers and employees that is, or is directly or indirectly owned or controlled by, a PRC resident or citizen with
any applicable rules and regulations of the relevant PRC Governmental Authorities currently in effect (including the Ministry of
Commerce, the National Development and Reform Commission, the China Securities Regulatory Commission (“CSRC”)
and the State Administration of Foreign Exchange) (the “SAFE”) relating to overseas investment by PRC
residents and citizens or overseas listing by offshore special purpose vehicles controlled directly or indirectly by PRC companies
and individuals, such as the Company (the “PRC Overseas Investment and Listing Regulations”), including
requesting each such Person that is, or is directly or indirectly owned or controlled by, a PRC resident or citizen to complete
any registration and other procedures required under applicable PRC Overseas Investment and Listing Regulations (including any
applicable rules and regulations of the SAFE).

 

(b) Each
Company Party is aware of and has been advised as to the content of the Rules on Mergers and Acquisitions of Domestic Enterprises
by Foreign Investors and any official clarifications, guidance, interpretations or implementation rules in connection with or related
thereto in effect on the applicable Closing Date (the “PRC Mergers and Acquisitions Rules”) jointly promulgated
by the Ministry of Commerce, the State Assets Supervision and Administration Commission, the State Tax Administration, the State
Administration of Industry and Commerce, the CSRC and the State Administration of Foreign Exchange on August 8, 2006, including
the provisions thereof which purport to require offshore special purpose entities formed for listing purposes and controlled directly
or indirectly by PRC companies or individuals to obtain the approval of the CSRC prior to the listing and trading of their securities
on an overseas stock exchange. Each Company Party has received legal advice specifically with respect to the PRC Mergers and Acquisitions
Rules from its PRC counsel, and such Company Party understands such legal advice. In addition, Each Company Party has communicated
such legal advice in full to each of its directors and each such director has confirmed that he or she understands such legal advice.
The consummation of the transactions contemplated by this Agreement and the Ancillary Documents (A) are not adversely affected
by the PRC Mergers and Acquisitions Rules and (B) do not require the prior approval of the CSRC or any other Governmental Authority.

 

4.28 Investment
Company Act. No Target Company is an “investment company” or a Person directly or indirectly “controlled”
by or acting on behalf of an “investment company”, in each case within the meaning of the Investment Company Act of
1940, as amended.

 

4.29 Finders
and Brokers. Except as set forth in Schedule 4.29, no Target Company has incurred or will incur any Liability for any
brokerage, finder’s or other fee or commission in connection with the transactions contemplated hereby.

 

4.30 Independent
Investigation. Each Company Party has conducted its own independent investigation, review and analysis of the business, results
of operations, prospects, condition (financial or otherwise) or assets of the Purchaser, and acknowledges that it has been provided
adequate access to the personnel, properties, assets, premises, books and records, and other documents and data of the Purchaser
for such purpose. Each Company Party acknowledges and agrees that: (a) in making its decision to enter into this Agreement and
to consummate the transactions contemplated hereby, it has relied solely upon its own investigation and the express representations
and warranties of the Purchaser set forth in this Agreement (including the related portions of the Purchaser Disclosure Schedules),
and in any certificate delivered to the Company pursuant hereto; and (b) neither the Purchaser nor any of its Representatives have
made any representation or warranty as to the Purchaser or this Agreement, except as expressly set forth in this Agreement (including
the related portions of the Purchaser Disclosure Schedules) or in any certificate delivered to the Company pursuant hereto.

 

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4.31 VIE
Contracts. Upon the due execution and delivery of the VIE Contracts by the parties thereto:

 

(a) the
Company or any of its Subsidiaries, the VIEs and the VIE Shareholders have the legal right, power and authority (corporate and
other) to enter into and perform its obligations under each applicable VIE Contract to which it is a party and has taken all necessary
action (corporate and other) to authorize the execution, delivery and performance of, and has authorized, executed and delivered,
each VIE Contract to which it is a party.

 

(b) to
the extent permitted by applicable Laws, each VIE Contract constitutes a valid and legally binding obligation of the parties named
therein and enforceable in accordance with its terms, except (i) as limited by applicable bankruptcy, insolvency, reorganization,
moratorium, fraudulent conveyance, or other Laws of general application relating to or affecting the enforcement of creditors’
rights generally, (ii) as limited by Laws relating to the availability of specific performance, injunctive relief, or other equitable
remedies;

 

(c) the
execution and delivery by each party named in each VIE Contract, and the performance by such party of its obligations thereunder
and the consummation by it of the transactions contemplated therein shall not (i) result in any violation of, be in conflict with,
or constitute a default under, any provision of its constitutional documents as in effect at the date hereof, or any Material Contract
to which the Company or any of its Subsidiaries is a party or by which the Company or any of its Subsidiaries is bound, (ii) accelerate,
or constitute an event entitling any Person to accelerate, the maturity of any Indebtedness or other liability of the Company or
any of its Subsidiaries or to increase the rate of interest presently in effect with respect to any Indebtedness of the Company
or any of its Subsidiaries or (iii) result in the creation of any Lien, claim, charge or encumbrance upon any of the properties
or assets of the Company or any of its Subsidiaries;

 

(d) all
Consents required in connection with the VIE Contracts have been made or unconditionally obtained in writing, and no such Consent
has been withdrawn or subject to any condition precedent which has not been fulfilled or performed.

 

(e) each
VIE Contract is in full force and effect and no party to any VIE Contract is in breach or default in the performance or observance
of any of the terms or provisions of such VIE Contract. None of the parties to any VIE Contract has sent or received any communication
regarding termination of or intention not to renew any VIE Contract, and no such termination or non-renewal has been threatened
by any of the parties thereto; and

 

(f) (i)
the WFOE has full control over each VIE and enjoys all of the economic benefits from the operation of the VIEs and their Subsidiaries;
(ii) each VIE is a “variable interest entity” of the Company and its financial results are consolidated onto the Company’s
consolidated financial statements as if it were a fully owned Subsidiary of the Company, under GAAP; and (iii) the control by the
WFOE over the VIEs and the establishment of such captive structure does not violate any applicable Laws.

 

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4.32 Information
Supplied. None of the information supplied or to be supplied by the Company Parties expressly for inclusion or incorporation
by reference: (a) in any Current Report on Form 8-K or 6-K, and any exhibits thereto or any other report, form, registration or
other filing made with any Governmental Authority (including the SEC) or stock exchange (including Nasdaq) with respect to the
transactions contemplated by this Agreement or any Ancillary Documents; (b) in the Solicitation Documents; or (c) in the mailings
or other distributions to the Purchaser’s shareholders and/or prospective investors with respect to the consummation of the
transactions contemplated by this Agreement or in any amendment to any of documents identified in (a) through (c), will, when filed,
made available, mailed or distributed, as the case may be, contain any untrue statement of a material fact or omit to state any
material fact required to be stated therein or necessary in order to make the statements therein, in light of the circumstances
under which they are made, not misleading. None of the information supplied or to be supplied by the Company Parties expressly
for inclusion or incorporation by reference in any of the Signing Press Release, the Signing Filing, the Closing Press Release
and the Closing Filing will, when filed or distributed, as applicable, contain any untrue statement of a material fact or omit
to state any material fact required to be stated therein or necessary in order to make the statements therein, in light of the
circumstances under which they are made, not misleading. Notwithstanding the foregoing, the Company Parties make no representation,
warranty or covenant with respect to any information supplied by or on behalf of the Purchaser or its Affiliates.

 

4.33 Disclosure.
No representations or warranties by the Company Parties in this Agreement (as modified by the Company Disclosure Schedules) or
the Ancillary Documents, (a) contains or will contain any untrue statement of a material fact, or (b) omits or will omit to state,
when read in conjunction with all of the information contained in this Agreement, the Company Disclosure Schedules and the Ancillary
Documents, any fact necessary to make the statements or facts contained therein not materially misleading.

 

Article
V

REPRESENTATIONS AND WARRANTIES OF THE SELLERS

 

Except as set forth
in the Company Disclosure Schedules, the Section numbers of which are numbered to correspond to the Section numbers of this Agreement
to which they refer, the Sellers hereby jointly and severally represent and warrant to the Purchaser, as of the date hereof and
as of the Closing, as follows:

 

5.1 Organization
and Standing. Each Seller, if not an individual person, is an entity duly organized, validly existing and in good standing
under the Laws of the jurisdiction of its formation and has all requisite power and authority to own, lease and operate its properties
and to carry on its business as now being conducted.

 

5.2 Authorization;
Binding Agreement. Each Seller has all requisite power, authority and legal right and capacity to execute and deliver this
Agreement and each Ancillary Document to which it is a party, to perform such Seller’s obligations hereunder and thereunder
and to consummate the transactions contemplated hereby and thereby. This Agreement has been, and each Ancillary Document to which
a Seller is or is required to be a party has been or shall be when delivered, duly and validly executed and delivered by such Seller
and assuming the due authorization, execution and delivery of this Agreement and any such Ancillary Document by the other parties
hereto and thereto, constitutes, or when delivered shall constitute, the legal, valid and binding obligation of such Seller, enforceable
against such Seller in accordance with its terms, subject to the Enforceability Exceptions.

 

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5.3 Ownership.
Sellers own good, valid and marketable title to the Purchased Shares, free and clear of any and all Liens (other than those imposed
by applicable securities Laws or the Company’s Organizational Documents), with each Seller owning the Purchased Shares set
forth on Annex I. There are no proxies, voting rights, shareholders’ agreements or other agreements or understandings,
to which a Seller is a party or by which a Seller is bound, with respect to the voting or transfer of any of such Seller’s
Purchased Shares other than this Agreement. Upon delivery of the Purchased Shares to the Purchaser on the Closing Date in accordance
with this Agreement, the entire legal and beneficial interest in the Purchased Shares and good, valid and marketable title to the
Purchased Shares, free and clear of all Liens (other than those imposed by applicable securities Laws or those incurred by the
Purchaser), will pass to the Purchaser.

 

5.4 Governmental
Approvals. Except as otherwise described in Schedule 5.4, no Consent of or with any Governmental Authority on the part
of any Seller is required to be obtained or made in connection with the execution, delivery or performance by such Seller of this
Agreement or any Ancillary Documents or the consummation by a Seller of the transactions contemplated hereby or thereby other than
(a) such filings as expressly contemplated by this Agreement and (b) pursuant to Antitrust Laws.

 

5.5 Non-Contravention.
Except as otherwise described in Schedule 5.5, the execution and delivery by each Seller of this Agreement and each Ancillary
Document to which it is a party or otherwise bound and the consummation by such Seller of the transactions contemplated hereby
and thereby, and compliance by each Seller with any of the provisions hereof and thereof, will not, (a) conflict with or violate
any provision of any Seller’s Organizational Documents, (b) subject to obtaining the Consents from Governmental Authorities
referred to in Section 5.4 hereof, and the waiting periods referred to therein having expired, and any condition precedent
to such Consent or waiver having been satisfied, conflict with or violate any Law, Order or Consent applicable to any Seller or
any of its properties or assets or (c) (i) violate, conflict with or result in a breach of, (ii) constitute a default (or an event
which, with notice or lapse of time or both, would constitute a default) under, (iii) result in the termination, withdrawal, suspension,
cancellation or modification of, (iv) accelerate the performance required by any Seller under, (v) result in a right of termination
or acceleration under, (vi) give rise to any obligation to make payments or provide compensation under, (vii) result in the creation
of any Lien upon any of the properties or assets of any Seller under, (viii) give rise to any obligation to obtain any third party
consent or provide any notice to any Person or (ix) give any Person the right to declare a default, exercise any remedy, claim
a rebate, chargeback, penalty or change in delivery schedule, accelerate the maturity or performance, cancel, terminate or modify
any right, benefit, obligation or other term under, any of the terms, conditions or provisions of, any Contract to which a Seller
is a party or a Seller or its properties or assets are otherwise bound, except for any deviations from any of the foregoing clauses
(a), (b) or (c) that has not had and would not reasonably be expected to have a Material Adverse Effect on any Seller.

 

5.6 No
Litigation. There is no Action pending or, to the Knowledge of such Seller, threatened, nor any Order is outstanding, against
or involving any Seller or any of its officers, directors, managers, shareholders, properties, assets or businesses, whether at
law or in equity, before or by any Governmental Authority, which would reasonably be expected to adversely affect the ability of
such Seller to consummate the transactions contemplated by, and discharge its obligations under, this Agreement and the Ancillary
Documents to which such Seller is or is required to be a party.

 

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5.7 Investment
Representations. Each Seller: (a) is either (i) an “accredited investor” as such term is defined in Rule 501(a)
of Regulation D under the Securities Act or (ii) not a “U.S. person” as that term is defined pursuant to Regulation
S under the Securities Act; (b) is acquiring its portion of the Exchange Shares for itself for investment purposes only, and not
with a view towards any resale or distribution of such Exchange Shares; (c) has been advised and understands that the Exchange
Shares (i) are being issued in reliance upon one or more exemptions from the registration requirements of the Securities Act and
any applicable state securities Laws, (ii) have not been and shall not be registered under the Securities Act or any applicable
state securities Laws and, therefore, must be held indefinitely and cannot be resold unless such Exchange Shares are registered
under the Securities Act and all applicable state securities Laws, unless exemptions from registration are available and (iii)
are subject to additional restrictions on transfer pursuant to such Seller’s Lock-Up Agreement (if applicable); (d) is aware
that an investment in the Purchaser is a speculative investment and is subject to the risk of complete loss; and (e) acknowledges
that except as set forth in the Registration Rights Agreement, the Purchaser is under no obligation hereunder to register the Exchange
Shares under the Securities Act. No Seller has any Contract with any Person to sell, transfer, or grant participations to such
Person, or to any third Person, with respect to the Exchange Shares. By reason of such Seller’s business or financial experience,
or by reason of the business or financial experience of such Seller’s “purchaser representatives” (as that term
is defined in Rule 501(h) under the Securities Act), each Seller is capable of evaluating the risks and merits of an investment
in the Purchaser and of protecting its interests in connection with this investment. Each Seller has carefully read and understands
all materials provided by or on behalf of the Purchaser or its Representatives to such Seller or such Seller’s Representatives
pertaining to an investment in the Purchaser and has consulted, as such Seller has deemed advisable, with its own attorneys, accountants
or investment advisors with respect to the investment contemplated hereby and its suitability for such Seller. Each Seller acknowledges
that the Exchange Shares are subject to dilution for events not under the control of such Seller. Each Seller has completed its
independent inquiry and has relied fully upon the advice of its own legal counsel, accountant, financial and other Representatives
in determining the legal, tax, financial and other consequences of this Agreement and the transactions contemplated hereby and
the suitability of this Agreement and the transactions contemplated hereby for such Seller and its particular circumstances, and,
except as set forth herein, has not relied upon any representations or advice by the Purchaser or its Representatives. Each Seller
acknowledges and agrees that, except as set forth in Article III (including the related portions of the Purchaser Disclosure
Schedules), no representations or warranties have been made by the Purchaser or any of its Representatives, and that such Seller
has not been guaranteed or represented to by any Person, (i) any specific amount or the event of the distribution of any cash,
property or other interest in the Purchaser or (ii) the profitability or value of the Exchange Shares in any manner whatsoever.
Each Seller: (A) has been represented by independent counsel (or has had the opportunity to consult with independent counsel and
has declined to do so); (B) has had the full right and opportunity to consult with such Seller’s attorneys and other advisors
and has availed itself of this right and opportunity; (C) has carefully read and fully understands this Agreement in its entirety
and has had it fully explained to it or him by such counsel; (D) is fully aware of the contents hereof and the meaning, intent
and legal effect thereof; and (E) is competent to execute this Agreement and has executed this Agreement free from coercion, duress
or undue influence.

 

5.8 Finders
and Brokers. No Seller, nor any of their respective Representatives on their behalf, has employed any broker, finder or investment
banker or incurred any liability for any brokerage fees, commissions, finders’ fees or similar fees in connection with the
transactions contemplated by this Agreement.

 

5.9 Independent
Investigation. Each Seller has conducted its own independent investigation, review and analysis of the business, results of
operations, prospects, condition (financial or otherwise) or assets of the Purchaser, and acknowledges that it has been provided
adequate access to the personnel, properties, assets, premises, books and records, and other documents and data of the Purchaser
for such purpose. Each Seller acknowledges and agrees that: (a) in making its decision to enter into this Agreement and to consummate
the transactions contemplated hereby, it has relied solely upon its own investigation and the express representations and warranties
of the Purchaser set forth in this Agreement (including the related portions of the Purchaser Disclosure Schedules) and in any
certificate delivered to such Seller pursuant hereto; and (b) neither the Purchaser nor any of its Representatives have made any
representation or warranty as to the Purchaser or this Agreement, except as expressly set forth in this Agreement (including the
related portions of the Purchaser Disclosure Schedules) or in any certificate delivered to such Seller pursuant hereto.

 

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5.10 Information
Supplied. None of the information supplied or to be supplied by any Seller expressly for inclusion or incorporation by reference:
(a) in any Current Report on Form 8-K or 6-K, and any exhibits thereto or any other report, form, registration or other filing
made with any Governmental Authority (including the SEC) or stock exchange (including Nasdaq) with respect to the transactions
contemplated by this Agreement or any Ancillary Documents; (b) in the Solicitation Documents; or (c) in the mailings or other distributions
to the Purchaser’s shareholders and/or prospective investors with respect to the consummation of the transactions contemplated
by this Agreement or in any amendment to any of documents identified in (a) through (c), will, when filed, made available, mailed
or distributed, as the case may be, contain any untrue statement of a material fact or omit to state any material fact required
to be stated therein or necessary in order to make the statements therein, in light of the circumstances under which they are made,
not misleading. None of the information supplied or to be supplied by any Seller expressly for inclusion or incorporation by reference
in any of the Signing Press Release, the Signing Filing, the Closing Filing and the Closing Press Release will, when filed or distributed,
as applicable, contain any untrue statement of a material fact or omit to state any material fact required to be stated therein
or necessary in order to make the statements therein, in light of the circumstances under which they are made, not misleading.
Notwithstanding the foregoing, no Seller makes any representation, warranty or covenant with respect to any information supplied
by or on behalf of the Purchaser or its Affiliates.

 

Article
VI

COVENANTS

 

6.1 Access
and Information.

 

(a) During
the period from the date of this Agreement and continuing until the earlier of the termination of this Agreement in accordance
with Section 9.1 or the Closing (the “Interim Period”), each Company Party shall give, and shall
cause its Representatives to give, the Purchaser and its Representatives, at reasonable times during normal business hours and
upon reasonable intervals and notice, reasonable access to all offices and other facilities and to all employees, properties, Contracts,
commitments, books and records, financial and operating data and other information (including Tax Returns, internal working papers,
client files, client Contracts and director service agreements), of or pertaining to the Target Companies, as the Purchaser or
its Representatives may reasonably request regarding the Target Companies and their respective businesses, assets, Liabilities,
financial condition, prospects, operations, management, employees and other aspects (including unaudited quarterly financial statements,
including a consolidated quarterly balance sheet and income statement, a copy of each material report, schedule and other document
filed with or received by a Governmental Authority pursuant to the requirements of applicable securities Laws, and independent
public accountants’ work papers (subject to the consent or any other conditions required by such accountants, if any)) and
cause each of the Company Parties’ respective Representatives to reasonably cooperate with the Purchaser and its Representatives
in their investigation; provided, however, that the Purchaser and its Representatives shall conduct any such activities
in such a manner as not to unreasonably interfere with the business or operations of the Target Companies.

 

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(b) During
the Interim Period, the Purchaser shall give, and shall cause its Representatives to give, the Company and its Representatives,
at reasonable times during normal business hours and upon reasonable intervals and notice, reasonable access to all offices and
other facilities and to all employees, properties, Contracts, commitments, books and records, financial and operating data and
other information (including Tax Returns, internal working papers, client files, client Contracts and director service agreements),
of or pertaining to the Purchaser or its Subsidiaries, as the Company or its Representatives may reasonably request regarding the
Purchaser, its Subsidiaries and their respective businesses, assets, Liabilities, financial condition, prospects, operations, management,
employees and other aspects (including unaudited quarterly financial statements, including a consolidated quarterly balance sheet
and income statement, a copy of each material report, schedule and other document filed with or received by a Governmental Authority
pursuant to the requirements of applicable securities Laws, and independent public accountants’ work papers (subject to the
consent or any other conditions required by such accountants, if any)) and cause each of the Purchaser’s Representatives
to reasonably cooperate with the Company and its Representatives in their investigation; provided, however, that
the Company and its Representatives shall conduct any such activities in such a manner as not to unreasonably interfere with the
business or operations of the Purchaser or any of its Subsidiaries.

 

6.2 Conduct
of Business of the Company Parties and the Sellers.

 

(a) Unless
the Purchaser shall otherwise consent in writing (such consent not to be unreasonably withheld, conditioned or delayed), during
the Interim Period, except as expressly contemplated by this Agreement or as set forth on Schedule 6.2, each Company Party
shall, and shall cause its Subsidiaries to, (i) conduct their respective businesses, in all material respects, in the ordinary
course of business consistent with past practice, (ii) comply with all Laws applicable to the Target Companies and their respective
businesses, assets and employees, and (iii) take all commercially reasonable measures necessary or appropriate to preserve intact,
in all material respects, their respective business organizations, to keep available the services of their respective managers,
directors, officers, employees and consultants, to maintain, in all material respects, their existing relationships with all Top
Customers and Top Vendors, and to preserve the possession, control and condition of their respective material assets, all as consistent
with past practice.

 

(b) Without
limiting the generality of Section 6.2(a) and except as contemplated by the terms of this Agreement or as set forth on Schedule
6.2, during the Interim Period, without the prior written consent of the Purchaser (such consent not to be unreasonably withheld,
conditioned or delayed), each Company Party shall not, and shall cause its Subsidiaries to not:

 

(i) amend,
waive or otherwise change, in any respect, its Organizational Documents;

 

(ii) authorize,
commit or actually issue, grant, sell, pledge or dispose of any of its shares or other equity interests or any options, warrants,
commitments, subscriptions or rights of any kind to acquire or sell any of its shares or other equity interests, or other securities,
including any securities convertible into or exchangeable for any of its shares or other equity securities or securities of any
class and any other equity-based awards, or engage in any hedging transaction with a third Person with respect to such securities
(other than the VIE Contracts);

 

(iii) split,
combine, recapitalize or reclassify any of its shares or other equity interests or issue any other securities in respect thereof
or pay or set aside any dividend or other distribution (whether in cash, equity or property or any combination thereof) in respect
of its shares or other equity interests, or directly or indirectly redeem, purchase or otherwise acquire or offer to acquire any
of its securities;

 

(iv) incur,
create, assume, prepay or otherwise become liable for any Indebtedness (directly, contingently or otherwise) in excess of $100,000
(individually or in the aggregate), make a loan or advance to or investment in any third party (other than advancement of expenses
to employees in the ordinary course of business consistent with past practice), or guarantee or endorse any Indebtedness, Liability
or obligation of any Person in excess of $100,000 (individually or in the aggregate);

 

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(v) increase
the wages, salaries or compensation of its employees other than in the ordinary course of business, consistent with past practice,
and in any event not in the aggregate by more than five percent (5%), or make or commit to make any bonus payment (whether in cash,
property or securities) to any employee outside of the ordinary course of business, or materially increase other benefits of employees
generally, or enter into, establish, materially amend or terminate any Company Benefit Plan with, for or in respect of any current
consultant, officer, manager director or employee, in each case other than as required by applicable Law, pursuant to the terms
of any Company Benefit Plans or in the ordinary course of business consistent with past practice;

 

(vi) make
or rescind any material election relating to Taxes, settle any claim, action, suit, litigation, proceeding, arbitration, investigation,
audit or controversy relating to Taxes, file any amended Tax Return or claim for refund, or make any material change in its accounting
or Tax policies or procedures, in each case except as required by applicable Law or in compliance with GAAP;

 

(vii) transfer
or license (other than in the ordinary course of business) to any Person or otherwise extend, materially amend or modify, permit
to lapse or fail to preserve any of the material Company Registered IP, Company IP Licenses or other Company IP, or disclose to
any Person who has not entered into a confidentiality agreement any Trade Secrets;

 

(viii) terminate,
or waive or assign any material right under, any Company Material Contract or VIE Contract or enter into any Contract that would
be a Company Material Contract, in any case outside of the ordinary course of business course of business consistent with past
practice;

 

(ix) fail
to maintain its books, accounts and records in all material respects in the ordinary course of business consistent with past practice;

 

(x) establish
any Subsidiary or enter into any new line of business;

 

(xi) fail
to use commercially reasonable efforts to keep in force insurance policies or replacement or revised policies providing insurance
coverage with respect to its assets, operations and activities in such amount and scope of coverage as are currently in effect;

 

(xii) revalue
any of its material assets or make any change in accounting methods, principles or practices, except to the extent required to
comply with GAAP and after consulting with the Company’s outside auditors;

 

(xiii) waive,
release, assign, settle or compromise any claim, action or proceeding (including any suit, action, claim, proceeding or investigation
relating to this Agreement or the transactions contemplated hereby), other than waivers, releases, assignments, settlements or
compromises that involve only the payment of monetary damages (and not the imposition of equitable relief on, or the admission
of wrongdoing by, a Company Party or its Affiliates) not in excess of $100,000 (individually or in the aggregate), or otherwise
pay, discharge or satisfy any Actions, Liabilities or obligations, unless such amount has been reserved in the Company Financials;

 

(xiv) close
or materially reduce its activities, or effect any layoff or other personnel reduction or change, at any of its facilities;

 

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(xv) acquire,
including by merger, consolidation, acquisition of shares or assets, or any other form of business combination, any corporation,
partnership, limited liability company, other business organization or any division thereof, or any material amount of assets outside
the ordinary course of business consistent with past practice;

 

(xvi) make
capital expenditures in excess of $100,000 (individually for any project (or set of related projects) or $250,000 in the aggregate);

 

(xvii) adopt
a plan of complete or partial liquidation, dissolution, merger, consolidation, restructuring, recapitalization or other reorganization;

 

(xviii) voluntarily
incur any Liability (whether absolute, accrued, contingent or otherwise) in excess of $100,000 individually or $250,000 in the
aggregate other than pursuant to the terms of a Company Material Contract or Company Benefit Plan;

 

(xix) sell,
lease, license, transfer, exchange or swap, mortgage or otherwise pledge or encumber (including securitizations), or otherwise
dispose of any material portion of its properties, assets or rights;

 

(xx) enter
into any agreement, understanding or arrangement with respect to the voting of equity securities of a Company Party (other than
the VIE Contracts);

 

(xxi) take
any action that would reasonably be expected to significantly delay or impair the obtaining of any Consents of any Governmental
Authority to be obtained in connection with this Agreement;

 

(xxii) accelerate
the collection of any trade receivables or delay the payment of trade payables or any other liabilities other than in the ordinary
course of business consistent with past practice;

 

(xxiii) enter
into, amend, waive or terminate (other than terminations in accordance with their terms) any transaction with any Related Person
(other than compensation and benefits and advancement of expenses, in each case, provided in the ordinary course of business consistent
with past practice) (other than entering into the VIE Contracts); or

 

(xxiv) authorize
or agree to do any of the foregoing actions.

 

(c) Without
limiting Sections 6.2(a) and 6.2(b), during the Interim Period, without the prior written consent of Purchaser, (i)
the Company shall not issue any Company Ordinary Shares or other equity securities of the Company or options, warrants or other
rights to acquire, or that are exchangeable or convertible for any equity securities of the Company, and (ii) no Seller shall sell,
transfer or dispose of any Company Ordinary Shares owned by such Seller, in either case of clauses (i) and (ii), unless the recipient
or transferee of such Company securities (the “New Seller”) executes and delivers to Purchaser, the Company,
the Purchaser Representative and the Seller Representative a joinder agreement in form and substance reasonably acceptable to the
Purchaser and the Company to become bound by the terms and conditions of this Agreement as a Seller hereunder, as well as execute
and deliver to the Purchaser, the Company, the Purchaser Representative and the Seller Representative any Ancillary Documents which
such New Seller would have been required to be a party or bound if such New Seller were a Seller on the date of this Agreement.
The Parties shall make any appropriate adjustments to Annex I and each Seller’s Pro Rata Share to account for such
New Seller. Notwithstanding the foregoing, during the Interim Period each Seller is permitted to transfer its Company Ordinary
Shares to another Seller with the prior written consent of the Purchaser, not to be unreasonably withheld, delayed or conditioned,
and the Parties will make such adjustments to Annex I to reflect such changes to the Sellers’ Pro Rata Shares.

 

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6.3 Conduct
of Business of the Purchaser.

 

(a) Unless
the Company shall otherwise consent in writing (such consent not to be unreasonably withheld, conditioned or delayed), during the
Interim Period, except as expressly contemplated by this Agreement or as set forth on Schedule 6.3, the Purchaser shall,
and shall cause its Subsidiaries to, (i) conduct their respective businesses, in all material respects, in the ordinary course
of business consistent with past practice, (ii) comply with all Laws applicable to the Purchaser and its Subsidiaries and their
respective businesses, assets and employees, and (iii) take all commercially reasonable measures necessary or appropriate to preserve
intact, in all material respects, their respective business organizations, to keep available the services of their respective managers,
directors, officers, employees and consultants, and to preserve the possession, control and condition of their respective material
assets, all as consistent with past practice. Notwithstanding anything to the contrary in this Section 6.3, nothing in this
Agreement shall prohibit or restrict the Purchaser from extending, in accordance with the Purchaser Charter and IPO Prospectus,
the deadline by which it much complete its Business Combination (an “Extension”), and no consent of any
other Party shall be required in connection therewith.

 

(b) Without
limiting the generality of Section 6.3(a) and except (x) as contemplated by the terms of this Agreement (including as contemplated
by any PIPE Investment, if any), (y) to the extent reasonably necessary or appropriate by the Purchaser, the incurrence of Expenses
by the Purchaser or the borrowing or financing of its Expenses or in connection with any PIPE Investment, if any, or (z) as set
forth on Schedule 6.3, during the Interim Period, without the prior written consent of the Company (such consent not to
be unreasonably withheld, conditioned or delayed), the Purchaser shall not, and shall cause its Subsidiaries to not:

 

(i) amend,
waive or otherwise change, in any respect, its Organizational Documents;

 

(ii) authorize,
commit or actually issue, grant, sell, pledge or dispose of any of its shares or other equity interests or any options, warrants,
commitments, subscriptions or rights of any kind to acquire or sell any of its shares or other equity interests, or other securities,
including any securities convertible into or exchangeable for any of its shares or other equity securities or securities of any
class and any other equity-based awards, or engage in any hedging transaction with a third Person with respect to such securities
(including any such issuances to pay or settle the IPO Underwriter’s fees);

 

(iii) split,
combine, recapitalize or reclassify any of its shares or other equity interests or issue any other securities in respect thereof
or pay or set aside any dividend or other distribution (whether in cash, equity or property or any combination thereof) in respect
of its shares or other equity interests, or directly or indirectly redeem, purchase or otherwise acquire or offer to acquire any
of its securities;

 

(iv) incur,
create, assume, prepay or otherwise become liable for any Indebtedness (directly, contingently or otherwise) in excess of $100,000
(individually or in the aggregate), make a loan or advance to or investment in any third party, or guarantee or endorse any Indebtedness,
Liability or obligation of any Person;

 

(v) make
or rescind any material election relating to Taxes, settle any claim, action, suit, litigation, proceeding, arbitration, investigation,
audit or controversy relating to Taxes, file any amended Tax Return or claim for refund, or make any material change in its accounting
or Tax policies or procedures, in each case except as required by applicable Law or in compliance with GAAP;

 

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(vi) amend,
waive or otherwise change the Trust Agreement in any manner adverse to the Purchaser;

 

(vii) terminate,
waive or assign any material right under any Purchaser Material Contract or enter into any Contract that would be a Purchaser Material
Contract;

 

(viii) fail
to maintain its books, accounts and records in all material respects in the ordinary course of business consistent with past practice;

 

(ix) establish
any Subsidiary or enter into any new line of business;

 

(x) fail
to use commercially reasonable efforts to keep in force insurance policies or replacement or revised policies providing insurance
coverage with respect to its assets, operations and activities in such amount and scope of coverage as are currently in effect;

 

(xi) revalue
any of its material assets or make any change in accounting methods, principles or practices, except to the extent required to
comply with GAAP and after consulting the Purchaser’s outside auditors;

 

(xii) waive,
release, assign, settle or compromise any claim, action or proceeding (including any suit, action, claim, proceeding or investigation
relating to this Agreement or the transactions contemplated hereby), other than waivers, releases, assignments, settlements or
compromises that involve only the payment of monetary damages (and not the imposition of equitable relief on, or the admission
of wrongdoing by, the Purchaser or its Subsidiary) not in excess of $100,000 (individually or in the aggregate), or otherwise pay,
discharge or satisfy any Actions, Liabilities or obligations, unless such amount has been reserved in the Purchaser Financials;

 

(xiii) acquire,
including by merger, consolidation, acquisition of shares or assets, or any other form of business combination, any corporation,
partnership, limited liability company, other business organization or any division thereof, or any material amount of assets outside
the ordinary course of business;

 

(xiv) make
capital expenditures in excess of $10,000 individually for any project (or set of related projects) or $250,000 in the aggregate
(excluding for the avoidance of doubt, incurring any Expenses);

 

(xv) adopt
a plan of complete or partial liquidation, dissolution, merger, consolidation, restructuring, recapitalization or other reorganization;

 

(xvi) voluntarily
incur any Liability (whether absolute, accrued, contingent or otherwise) in excess of $100,000 individually or $250,000 in the
aggregate (excluding the incurrence of any Expenses) other than pursuant to the terms of a Contract in existence as of the date
of this Agreement or entered into in the ordinary course of business or in accordance with the terms of this Section 6.3
during the Interim Period;

 

(xvii) sell,
lease, license, transfer, exchange or swap, mortgage or otherwise pledge or encumber (including securitizations), or otherwise
dispose of any material portion of its properties, assets or rights;

 

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(xviii) enter
into any agreement, understanding or arrangement with respect to the voting of Purchaser Securities;

 

(xix) take
any action that would reasonably be expected to significantly delay or impair the obtaining of any Consents of any Governmental
Authority to be obtained in connection with this Agreement; or

 

(xx) authorize
or agree to do any of the foregoing actions.

 

6.4 Annual
and Interim Financial Statements.

 

(a) During
the Interim Period, within thirty (30) calendar days following the end of each calendar month, each three-month quarterly period
and each fiscal year, the Company shall deliver to the Purchaser an unaudited consolidated income statement and an unaudited consolidated
balance sheet of the Target Companies for the period from the Interim Balance Sheet Date through the end of such calendar month,
quarterly period or fiscal year and the applicable comparative period in the preceding fiscal year, in each case accompanied by
a certificate of the Chief Financial Officer of the Company to the effect that all such financial statements fairly present the
consolidated financial position and results of operations of the Target Companies as of the date or for the periods indicated,
in accordance with GAAP, subject to year-end audit adjustments and excluding footnotes. During the Interim Period, the Company
will also promptly deliver to the Purchaser copies of any audited financial statements of the Target Companies that a certified
public accountant of any Target Company may issue.

 

(b) As
promptly as practicable after the date of this Agreement, but in any event on or before September 16, 2019, the Company will provide
to the Purchaser the Draft Audited Financial Statements.

 

6.5 Purchaser
Public Filings. During the Interim Period, the Purchaser will keep current and timely file all of its public filings with the
SEC and otherwise comply in all material respects with applicable securities Laws and shall use its commercially reasonable efforts
to maintain the listing of the Purchaser Public Units, the Purchaser Ordinary Shares, the Purchaser Public Warrants and the Purchaser
Public Rights on Nasdaq; provided, that the Parties acknowledge and agree that from and after the Closing, Purchaser intends to
list on Nasdaq only the Purchaser Ordinary Shares and the Purchaser Public Warrants.

 

6.6 No
Solicitation.

 

(a) For
purposes of this Agreement, (i) an “Acquisition Proposal” means any inquiry, proposal or offer, or any
indication of interest in making an offer or proposal, from any Person or group at any time relating to an Alternative Transaction,
and (ii) an “Alternative Transaction” means (A) with respect to any Company Party, the Sellers and their
respective Affiliates, a transaction (other than the transactions contemplated by this Agreement) concerning the sale of (x) all
or any material part of the business or assets of any Target Companies (other than in the ordinary course of business consistent
with past practice) or (y) any of the shares or other equity interests or profits of any Target Companies, in any case, whether
such transaction takes the form of a sale of shares or other equity interests, assets, merger, consolidation, issuance of debt
securities, management Contract, joint venture or partnership, or otherwise and (B) with respect to the Purchaser and its Affiliates,
a transaction (other than the transactions contemplated by this Agreement) concerning a Business Combination for Purchaser.

 

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(b) During
the Interim Period, in order to induce the other Parties to continue to commit to expend management time and financial resources
in furtherance of the transactions contemplated hereby, each Party shall not, and shall cause its Representatives to not, without
the prior written consent of the Company and the Purchaser, directly or indirectly, (i) solicit, assist, initiate or facilitate
the making, submission or announcement of, or intentionally encourage, any Acquisition Proposal, (ii) furnish any non-public information
regarding such Party or its Affiliates (or with respect to any Seller, any Target Company) or their respective businesses, operations,
assets, Liabilities, financial condition, prospects or employees to any Person or group (other than a Party to this Agreement or
their respective Representatives) in connection with or in response to an Acquisition Proposal, (iii) engage or participate
in discussions or negotiations with any Person or group with respect to, or that could be expected to lead to, an Acquisition Proposal,
(iv) approve, endorse or recommend, or publicly propose to approve, endorse or recommend, any Acquisition Proposal, (v) negotiate
or enter into any letter of intent, agreement in principle, acquisition agreement or other similar agreement related to any Acquisition
Proposal, or (vi) release any third Person from, or waive any provision of, any confidentiality agreement to which such Party is
a party.

 

(c) Each
Party shall notify the others as promptly as practicable (and in any event within 48 hours) orally and in writing of the receipt
by such Party or any of its Representatives (or with respect to a Company Party, any Seller) of (i) any bona fide inquiries, proposals
or offers, requests for information or requests for discussions or negotiations regarding or constituting any Acquisition Proposal
or any bona fide inquiries, proposals or offers, requests for information or requests for discussions or negotiations that could
be expected to result in an Acquisition Proposal, and (ii) any request for non-public information relating to such Party or
its Affiliates (or with respect to any Seller, any Target Company), specifying in each case, the material terms and conditions
thereof (including a copy thereof if in writing or a written summary thereof if oral) and the identity of the party making such
inquiry, proposal, offer or request for information. Each Party shall keep the others promptly informed of the status of any such
inquiries, proposals, offers or requests for information. During the Interim Period, each Party shall, and shall cause its Representatives
to, immediately cease and cause to be terminated any solicitations, discussions or negotiations with any Person with respect to
any Acquisition Proposal and shall, and shall direct its Representatives to, cease and terminate any such solicitations, discussions
or negotiations.

 

6.7 No
Trading. The Company Parties and the Sellers each acknowledge and agree that it is aware, and that their respective Affiliates
are aware (and each of their respective Representatives is aware or, upon receipt of any material nonpublic information of the
Purchaser, will be advised) of the restrictions imposed by the Federal Securities Laws and other applicable foreign and domestic
Laws on a Person possessing material nonpublic information about a publicly traded company. The Company Parties and the Sellers
each hereby agree that, while it is in possession of such material nonpublic information, it shall not purchase or sell any securities
of the Purchaser (other than acquire the Exchange Shares and/or Earnout Shares in accordance with Article I), communicate
such information to any third party, take any other action with respect to the Purchaser in violation of such Laws, or cause or
encourage any third party to do any of the foregoing.

 

6.8 Notification
of Certain Matters. During the Interim Period, each of the Parties shall give prompt notice to the other Parties if such Party
or its Affiliates (or, with respect to the Company Parties, any Seller): (a) fails to comply with or satisfy any covenant, condition
or agreement to be complied with or satisfied by it or its Affiliates (or, with respect to the Company Parties, any Seller) hereunder
in any material respect; (b) receives any notice or other communication in writing from any third party (including any Governmental
Authority) alleging (i) that the Consent of such third party is or may be required in connection with the transactions contemplated
by this Agreement or (ii) any non-compliance with any Law by such Party or its Affiliates (or, with respect to the Company Parties,
any Seller); (c) receives any notice or other communication from any Governmental Authority in connection with the transactions
contemplated by this Agreement; (d) discovers any fact or circumstance that, or becomes aware of the occurrence or non-occurrence
of any event the occurrence or non-occurrence of which, would reasonably be expected to cause or result in any of the conditions
to set forth in Article VIII not being satisfied or the satisfaction of those conditions being materially delayed; or (e) becomes
aware of the commencement or threat, in writing, of any Action against such Party or any of its Affiliates (or, with respect to
the Company Parties, any Seller), or any of their respective properties or assets, or, to the Knowledge of such Party, any officer,
director, partner, member or manager, in his, her or its capacity as such, of such Party or of its Affiliates (or, with respect
to the Company Parties, any Seller) with respect to the consummation of the transactions contemplated by this Agreement. No such
notice shall constitute an acknowledgement or admission by the Party providing the notice regarding whether or not any of the conditions
to the Closing have been satisfied or in determining whether or not any of the representations, warranties or covenants contained
in this Agreement have been breached.

 

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6.9 Efforts.

 

(a) Subject
to the terms and conditions of this Agreement, each Party shall use its commercially reasonable efforts, and shall cooperate fully
with the other Parties, to take, or cause to be taken, all actions and to do, or cause to be done, all things reasonably necessary,
proper or advisable under applicable Laws and regulations to consummate the transactions contemplated by this Agreement (including
the receipt of all applicable Consents of Governmental Authorities), and to comply as promptly as practicable with all requirements
of Governmental Authorities applicable to the transactions contemplated by this Agreement.

 

(b) In
furtherance and not in limitation of Section 6.9(a), to the extent required under any Laws that are designed to prohibit,
restrict or regulate actions having the purpose or effect of monopolization or restraint of trade (“Antitrust Laws”),
each Party hereto agrees to make any required filing or application under Antitrust Laws, as applicable, at such Party’s
sole cost and expense, with respect to the transactions contemplated hereby as promptly as practicable, to supply as promptly as
reasonably practicable any additional information and documentary material that may be reasonably requested pursuant to Antitrust
Laws and to take all other actions reasonably necessary, proper or advisable to cause the expiration or termination of the applicable
waiting periods under Antitrust Laws as soon as practicable, including by requesting early termination of the waiting period provided
for under the Antitrust Laws. Each Party shall, in connection with its efforts to obtain all requisite approvals and authorizations
for the transactions contemplated by this Agreement under any Antitrust Law, use its commercially reasonable efforts to: (i) cooperate
in all respects with each other Party or its Affiliates in connection with any filing or submission and in connection with any
investigation or other inquiry, including any proceeding initiated by a private Person; (ii) keep the other Parties reasonably
informed of any communication received by such Party or its Representatives from, or given by such Party or its Representatives
to, any Governmental Authority and of any communication received or given in connection with any proceeding by a private Person,
in each case regarding any of the transactions contemplated by this Agreement; (iii) permit a Representative of the other Parties
and their respective outside counsel to review any communication given by it to, and consult with each other in advance of any
meeting or conference with, any Governmental Authority or, in connection with any proceeding by a private Person, with any other
Person, and to the extent permitted by such Governmental Authority or other Person, give a Representative or Representatives of
the other Parties the opportunity to attend and participate in such meetings and conferences; (iv) in the event a Party’s
Representative is prohibited from participating in or attending any meetings or conferences, the other Parties shall keep such
Party promptly and reasonably apprised with respect thereto; and (v) use commercially reasonable efforts to cooperate in the filing
of any memoranda, white papers, filings, correspondence or other written communications explaining or defending the transactions
contemplated hereby, articulating any regulatory or competitive argument, and/or responding to requests or objections made by any
Governmental Authority.

 

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(c) As
soon as reasonably practicable following the date of this Agreement, the Parties shall reasonably cooperate with each other and
use (and shall cause their respective Affiliates to use) their respective commercially reasonable efforts to prepare and file with
Governmental Authorities requests for approval of the transactions contemplated by this Agreement and shall use all commercially
reasonable efforts to have such Governmental Authorities approve the transactions contemplated by this Agreement. Each Party shall
give prompt written notice to the other Parties if such Party or any of its Representatives (or with respect to the Company Parties,
any Seller) receives any notice from such Governmental Authorities in connection with the transactions contemplated by this Agreement,
and shall promptly furnish the other Parties with a copy of such Governmental Authority notice. If any Governmental Authority requires
that a hearing or meeting be held in connection with its approval of the transactions contemplated hereby, whether prior to the
Closing or after the Closing, each Party shall arrange for Representatives of such Party to be present for such hearing or meeting.
If any objections are asserted with respect to the transactions contemplated by this Agreement under any applicable Law or if any
Action is instituted (or threatened to be instituted) by any applicable Governmental Authority or any private Person challenging
any of the transactions contemplated by this Agreement or any Ancillary Document as violative of any applicable Law or which would
otherwise prevent, materially impede or materially delay the consummation of the transactions contemplated hereby or thereby, the
Parties shall use their commercially reasonable efforts to resolve any such objections or Actions so as to timely permit consummation
of the transactions contemplated by this Agreement and the Ancillary Documents, including in order to resolve such objections or
Actions which, in any case if not resolved, could reasonably be expected to prevent, materially impede or materially delay the
consummation of the transactions contemplated hereby or thereby. In the event any Action is instituted (or threatened to be instituted)
by a Governmental Authority or private Person challenging the transactions contemplated by this Agreement, or any Ancillary Document,
the Parties shall, and shall cause their respective Representatives to, reasonably cooperate with each other and use their respective
commercially reasonable efforts to contest and resist any such Action and to have vacated, lifted, reversed or overturned any Order,
whether temporary, preliminary or permanent, that is in effect and that prohibits, prevents or restricts consummation of the transactions
contemplated by this Agreement or the Ancillary Documents.

 

(d) Prior
to the Closing, each Party shall use its commercially reasonable efforts to obtain any Consents of Governmental Authorities or
other third Persons as may be necessary for the consummation by such Party or its Affiliates of the transactions contemplated by
this Agreement or required as a result of the execution or performance of, or consummation of the transactions contemplated by,
this Agreement by such Party or its Affiliates, and the other Parties shall provide reasonable cooperation in connection with such
efforts.

 

(e) Notwithstanding
anything herein to the contrary, no Party shall be required to agree to any term, condition or modification with respect to obtaining
any Consents in connection with the transactions contemplated by this Agreement that would result in, or would be reasonably likely
to result in: (i) a Material Adverse Effect to such Party or its Affiliates, or (ii) such Party having to cease, sell or otherwise
dispose of any material assets or businesses (including the requirement that any such assets or business be held separate).

 

6.10 Further
Assurances. The Parties hereto shall further cooperate with each other and use their respective commercially reasonable efforts
to take or cause to be taken all actions, and do or cause to be done all things, necessary, proper or advisable on their part under
this Agreement and applicable Laws to consummate the transactions contemplated by this Agreement as soon as reasonably practicable,
including preparing and filing as soon as practicable all documentation to effect all necessary notices, reports and other filings.

 

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6.11 Proxy
Statement/Tender Offer.

 

(a) As
promptly as practicable after the date hereof, the Purchaser shall prepare with the reasonable assistance of the Company Parties
and the Sellers, and file with the SEC, (x) a proxy statement (as amended or supplemented from time to time, the “Proxy
Statement”) calling a special meeting of the Purchaser’s shareholders (the “Shareholder Meeting”)
or, in addition to or in lieu thereof, (y) an Offer to Purchase (the “Offer to Purchase”) to commence
a tender offer, in either case, offering to redeem from its Public Shareholders their Purchaser Ordinary Shares in accordance with
the Purchaser Charter and the IPO Prospectus (the “Closing Redemption”) (the Proxy Statement and/or the
Offer to Purchase, together with the documents included or referred to therein pursuant to which the Closing Redemption will be
made, with any additional soliciting materials, supplements, amendments and/or exhibits thereto, the “Solicitation
Documents”), and each of the Purchaser and the Company Parties shall use its commercially reasonable efforts to obtain
and furnish the information required by the Exchange Act to be included in the Solicitation Documents all in accordance with and
as required by the Purchaser’s Organizational Documents, the IPO Prospectus, applicable Law and any applicable rules and
regulations of the SEC and Nasdaq. In the Solicitation Documents, the Purchaser shall seek (i) if required, the adoption and approval
of this Agreement and the transactions contemplated hereby or referred to herein by the holders of Purchaser Ordinary Shares in
accordance with the Purchaser’s Organizational Documents, the Cayman Islands Act, and the rules and regulations of the SEC
and Nasdaq, (ii) if required to be approved by the Purchaser’s shareholders, adoption and approval of a Second Amended and
Restated Memorandum and Articles of Association of Purchaser in form and substance reasonably acceptable to the Purchaser and the
Company (the “Amended Charter”), which Amended Charter will, among other things, change the name of the
Purchaser effective as of the Closing to “Glory Star New Media Group Holdings Limited”, (iii) the adoption and approval
of the new omnibus equity incentive plan for the Purchaser in form and substance reasonably acceptable to the Purchaser and the
Company (the “Incentive Plan”), that provides for the grant of awards to employees and other certain
Representatives of the Purchaser and its Subsidiaries in the form of options, restricted shares, restricted share units or other
equity-based awards based on Purchaser Ordinary Shares, with the total awards under the Incentive Plan being equal to a percentage
to be agreed upon by the Purchaser and the Company prior to the filing of the initial Solicitation Documents with the SEC (such
percentage to be in the range from five percent (5%) to seven and one-half percent (7.5%)) of the aggregate number of Purchaser
Ordinary Shares issued and outstanding immediately after the Closing, (iv) to appoint the members of the Post-Closing Purchaser
Board in accordance with Section 6.16 hereof, (v) to obtain any and all other approvals necessary or desirable to effect
the consummation of the transactions contemplated by this Agreement and the Ancillary Documents (the approvals described in the
foregoing clauses (i) through (v), collectively, the “Shareholder Approval Matters”), and (vi) the adjournment
of the Shareholder Meeting, if necessary or appropriate in the reasonable determination of the Purchaser. If on the date for which
the Shareholder Meeting is scheduled, the Purchaser has not received proxies representing a sufficient number of shares to obtain
the Required Shareholder Vote, whether or not a quorum is present, the Purchaser may make one or more successive postponements
or adjournments of the Shareholder Meeting. In connection with the Solicitation Documents, the Purchaser will also file with the
SEC financial and other information about the transactions contemplated by this Agreement in accordance with applicable Law and
applicable proxy solicitation rules set forth in the Purchaser’s Organizational Documents, the Cayman Islands Act and the
rules and regulations of the SEC and Nasdaq.

 

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(b) Except
with respect to the information provided by or on behalf of the Target Companies or the Sellers for inclusion in the Solicitation
Documents, the Purchaser shall ensure that, when filed, the Solicitation Documents will comply in all material respects with the
requirements of the Exchange Act and the rules and regulations thereunder. The Purchaser shall cause the Solicitation Documents
to be disseminated as promptly as practicable after receiving clearance from the SEC to the Purchaser’s equity holders as
and to the extent such dissemination is required by U.S. federal securities laws and the rules and regulations of the SEC and Nasdaq
promulgated thereunder or otherwise (the “Federal Securities Laws”). The Company Parties and the Sellers
shall promptly provide to the Purchaser such information concerning the Sellers, the Target Companies and their respective businesses,
operations, condition (financial or otherwise), assets, Liabilities, properties, equity holders officers, directors and employees
as is either required by Federal Securities Laws or reasonably requested by the Purchaser for inclusion in the Solicitation Documents,
which information provided by the Company Parties and the Sellers shall be true and correct and not contain any untrue statement
of a material fact or omit to state a material fact necessary in order to make the statements made, in light of the circumstances
under which they were made, not materially misleading. Subject to compliance by the Company Parties and the Sellers with the immediately
preceding sentence with respect to the information provided or to be provided by or on behalf of them for inclusion in the Solicitation
Documents, the Purchaser shall cause the Solicitation Documents to comply in all material respects with the Federal Securities
Laws. The Purchaser shall provide copies of the proposed forms of the Solicitation Documents (including, in each case, any amendments
or supplements thereto) to the Company such that the Company and its Representatives are afforded a reasonable amount of time prior
to the dissemination or filing thereof to review such material and comment thereon prior to such dissemination or filing, and the
Purchaser shall reasonably consider in good faith any comments of the Company and its Representatives. The Purchaser, the Company
Parties, the Sellers and their respective Representatives shall respond promptly to any comments of the SEC or its staff with respect
to the Closing Redemption or the Solicitation Documents and promptly correct any information provided by such Party for use in
the Solicitation Documents if and to the extent that such information shall have become false or misleading in any material respect
or as otherwise required by the Federal Securities Laws. The Purchaser shall amend or supplement the Solicitation Documents and
cause the Solicitation Documents, as so amended or supplemented, to be filed with the SEC and to be disseminated to the holders
of Purchaser Ordinary Shares, in each case as and to the extent required by the Federal Securities Laws and subject to the terms
and conditions of this Agreement and the Purchaser Organizational Documents. The Purchaser shall provide the Company and its Representatives
with copies of any written comments, and shall inform them of any material oral comments, that the Purchaser or any of its Representatives
receive from the SEC or its staff with respect to the Closing Redemption or the Solicitation Documents promptly after the receipt
of such comments and shall give the Company a reasonable opportunity under the circumstances to review and comment on any proposed
written or material oral responses to such comments. The Company Parties and the Sellers shall, and shall cause each of the Target
Companies to, make their respective directors, officers and employees, upon reasonable advance notice, available to the Purchaser
and its Representatives in connection with the drafting of the public filings with respect to the transactions contemplated by
this Agreement, including the Solicitation Documents, and responding in a timely manner to comments from the SEC. As promptly as
reasonably practicable after the Solicitation Documents have “cleared” comments from the SEC, the Purchaser shall cause
the definitive Solicitation Documents to be filed with the SEC and disseminated to the holders of Purchaser Ordinary Shares.

 

(c) If
at any time prior to the Closing, any information relating to the Purchaser, on the one hand, or any of the Target Companies or
Sellers, on the other hand, or any of their respective Affiliates, businesses, operations, condition (financial or otherwise),
assets, Liabilities, properties, officers, directors or employees, should be discovered by the Purchaser, on the one hand, or any
of the Target Companies or Sellers, on the other hand, that should be set forth in an amendment or supplement to the Solicitation
Documents, so that such documents would not include any misstatement of a material fact or omit to state any material fact necessary
to make the statements therein, in light of the circumstances under which they were made, not misleading, the Party which discovers
such information shall promptly notify each other Party and shall cooperate with the other Parties to ensure that an appropriate
amendment or supplement describing such information shall be promptly filed with the SEC and, to the extent required by law, disseminated
to the Purchaser’s shareholders.

 

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6.12 Public
Announcements.

 

(a) The
Parties agree that, during the Interim Period, no public release, filing or announcement concerning this Agreement or the Ancillary
Documents or the transactions contemplated hereby or thereby shall be issued by any Party or any of their Affiliates without the
prior written consent of the Purchaser, the Company and the Purchaser Representative and the Seller Representative (which consent
shall not be unreasonably withheld, conditioned or delayed), except as such release or announcement may be required by applicable
Law or the rules or regulations of any securities exchange, in which case the applicable Party shall use commercially reasonable
efforts to allow the other Parties reasonable time to comment on, and arrange for any required filing with respect to, such release
or announcement in advance of such issuance.

 

(b) The
Parties shall mutually agree upon and, as promptly as practicable after the execution of this Agreement (but in any event within
four (4) Business Days thereafter), issue a press release announcing the execution of this Agreement (the “Signing
Press Release”). Promptly after the issuance of the Signing Press Release (but in any event within four (4) Business
Days after the execution of this Agreement), the Purchaser shall file a Current Report on Form 8-K (the “Signing Filing”)
with the Signing Press Release and a description of this Agreement as required by Federal Securities Laws, which the Company shall
review, comment upon and approve (which approval shall not be unreasonably withheld, conditioned or delayed) prior to filing. The
Parties shall mutually agree upon and, as promptly as practicable after the Closing (but in any event within four (4) Business
Days thereafter), issue a press release announcing the consummation of the transactions contemplated by this Agreement (the “Closing
Press Release”). Promptly after the issuance of the Closing Press Release (but in any event within four (4) Business
Days after the Closing), the Purchaser shall prepare and file a Current Report on Form 8-K (the “Closing Filing”)
with the Closing Press Release and a description of the Closing as required by Federal Securities Laws which the Seller Representative
and the Purchaser Representative shall review, comment upon and approve (which approval shall not be unreasonably withheld, conditioned
or delayed) prior to filing. In connection with the preparation of the Signing Press Release, the Signing Filing, the Closing Filing,
the Closing Press Release, or any other report, statement, filing notice or application made by or on behalf of a Party to any
Governmental Authority or other third party in connection with the transactions contemplated hereby, each Party shall, upon request
by any other Party, furnish the Parties with all information concerning themselves, their respective directors, officers and equity
holders, and such other matters as may be reasonably necessary or advisable in connection with the transactions contemplated hereby,
or any other report, statement, filing, notice or application made by or on behalf of a Party to any third party or any Governmental
Authority in connection with the transactions contemplated hereby.

 

6.13 Confidential
Information.

 

(a) The
Company Parties and the Sellers hereby agree that during the Interim Period and, in the event that this Agreement is terminated
in accordance with Article IX, for a period of two (2) years after such termination, they shall, and shall cause their respective
Representatives to: (i) treat and hold in strict confidence any Purchaser Confidential Information, and will not use for any purpose
(except in connection with the consummation of the transactions contemplated by this Agreement or the Ancillary Documents, performing
their obligations hereunder or thereunder, enforcing their rights hereunder or thereunder, nor directly or indirectly disclose,
distribute, publish, disseminate or otherwise make available to any third party any of the Purchaser Confidential Information without
the Purchaser’s prior written consent; and (ii) in the event that any Company Party, any Seller or any of their respective
Representatives, during the Interim Period or, in the event that this Agreement is terminated in accordance with Article IX,
for a period of two (2) years after such termination, becomes legally compelled to disclose any Purchaser Confidential Information,
(A) provide the Purchaser to the extent legally permitted with prompt written notice of such requirement so that the Purchaser
or an Affiliate thereof may seek, at the Purchaser’s cost, a protective Order or other remedy or waive compliance with this
Section 6.13(a), and (B) in the event that such protective Order or other remedy is not obtained, or the Purchaser waives
compliance with this Section 6.13(a), furnish only that portion of such Purchaser Confidential Information which is legally
required to be provided as advised in writing by outside counsel and to exercise its commercially reasonable efforts to obtain
assurances that confidential treatment will be accorded such Purchaser Confidential Information. In the event that this Agreement
is terminated and the transactions contemplated hereby are not consummated, the Company Parties and the Sellers shall, and shall
cause their respective Representatives to, promptly deliver to the Purchaser or destroy (at the Company’s election) any and
all copies (in whatever form or medium) of Purchaser Confidential Information and destroy all notes, memoranda, summaries, analyses,
compilations and other writings related thereto or based thereon.

 

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(b) The
Purchaser hereby agrees that during the Interim Period and, in the event that this Agreement is terminated in accordance with Article
IX, for a period of two (2) years after such termination, it shall, and shall cause its Representatives to: (i) treat and hold
in strict confidence any Company Confidential Information, and will not use for any purpose (except in connection with the consummation
of the transactions contemplated by this Agreement or the Ancillary Documents, performing its obligations hereunder or thereunder
or enforcing its rights hereunder or thereunder), nor directly or indirectly disclose, distribute, publish, disseminate or otherwise
make available to any third party any of the Company Confidential Information without the Company’s prior written consent;
and (ii) in the event that the Purchaser or any of its Representatives, during the Interim Period or, in the event that this Agreement
is terminated in accordance with Article IX, for a period of two (2) years after such termination, becomes legally compelled
to disclose any Company Confidential Information, (A) provide the Company to the extent legally permitted with prompt written notice
of such requirement so that a Company Party, a Seller or an Affiliate of any of them may seek, at the Company’s sole expense,
a protective Order or other remedy or waive compliance with this Section 6.13(a), and (B) in the event that such protective
Order or other remedy is not obtained, or the Company waives compliance with this Section 6.13(a), furnish only that portion
of such Company Confidential Information which is legally required to be provided as advised in writing by outside counsel and
to exercise its commercially reasonable efforts to obtain assurances that confidential treatment will be accorded such Company
Confidential Information. In the event that this Agreement is terminated and the transactions contemplated hereby are not consummated,
the Purchaser shall, and shall cause its Representatives to, promptly deliver to the Company or destroy (at the Purchaser’s
election) any and all copies (in whatever form or medium) of Company Confidential Information and destroy all notes, memoranda,
summaries, analyses, compilations and other writings related thereto or based thereon. Notwithstanding the foregoing, the Purchaser
and its Representatives shall be permitted to disclose any and all Company Confidential Information to the extent required by the
Federal Securities Laws.

 

6.14 Litigation
Support. Following the Closing, in the event that and for so long as any Party is actively contesting or defending against
any third party or Governmental Authority Action in connection with any fact, situation, circumstance, status, condition, activity,
practice, plan, occurrence, event, incident, action, failure to act or transaction that existing on or prior to the Closing Date
involving the Purchaser or any Target Company, each of the other Parties will (i) reasonably cooperate with the contesting or defending
party and its counsel in the contest or defense, (ii) make available its personnel at reasonable times and upon reasonable notice
and (iii) provide (A) such testimony and (B) access to its non-privileged books and records as may be reasonably requested in connection
with the contest or defense, at the sole cost and expense of the contesting or defending party (unless such contesting or defending
party is entitled to indemnification therefor under Article VII in which case, the costs and expense will be borne by the
parties as set forth in Article VII).

 

6.15 Documents
and Information. After the Closing Date, the Purchaser shall, and shall cause its Subsidiaries (including the Target Companies)
to, until the seventh (7th) anniversary of the Closing Date, retain all books, records and other documents pertaining
to the business of the Company and its Subsidiaries in existence on the Closing Date and make the same available for inspection
and copying by the Purchaser Representative during normal business hours of the Company and its Subsidiaries, as applicable, upon
reasonable request and upon reasonable notice. No such books, records or documents shall be destroyed after the seventh (7th)
anniversary of the Closing Date by the Purchaser or its Subsidiaries (including any Target Company) without first advising the
Purchaser Representative in writing and giving the Purchaser Representative a reasonable opportunity to obtain possession thereof.

 

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6.16 Post-Closing
Board of Directors and Executive Officers.

 

(a) The
Parties shall take all necessary action, including causing the directors of the Purchaser to resign, so that effective as of the
Closing, the Purchaser’s board of directors (the “Post-Closing Purchaser Board”) will consist of
five (5) individuals. Effective upon or immediately after the Closing, the Parties shall take all necessary action to designate
and appoint to the Post-Closing Purchaser Board, (i) the four (4) persons who have been designated by the Company prior to the
Closing (the “Company Directors”) and (ii) one (1) person who has been designated by the Purchaser prior
to the Closing (the “Purchaser Director”). The Purchaser Director and at least two (2) of the Company
Directors shall qualify as independent directors under applicable Nasdaq rules. At or prior to the Closing, the Purchaser will
provide each Purchaser Director with a customary director indemnification agreement, in form and substance reasonably acceptable
to such Purchaser Director.

 

(b) The
Parties shall take all action necessary, including causing the executive officers of the Purchaser to resign, so that the individuals
serving as executive officers of the Purchaser immediately after the Closing will be the same individuals (in the same offices)
as those of the Company immediately prior to the Closing or such other individuals as designated by the Company prior to the Closing
and reasonably acceptable to the Purchaser.

 

(c) The
Parties agree that all rights to exculpation, indemnification and advancement of expenses existing in favor of the current or former
directors and officers of the Purchaser and each Person who served as a director, officer, member, trustee or fiduciary of another
corporation, partnership, joint venture, trust, pension or other employee benefit plan or enterprise at the request of the Purchaser
(the “D&O Indemnified Persons”) as provided in the Purchaser's Organizational Documents or under
any indemnification, employment or other similar agreements between any D&O Indemnified Person and the Purchaser, in each case
as in effect on the date of this Agreement, shall survive the Closing and continue in full force and effect in accordance with
their respective terms to the extent permitted by applicable Law. For a period of six (6) years after the Closing, Purchaser shall
cause its Organizational Documents to contain provisions no less favorable with respect to exculpation and indemnification of and
advancement of expenses to D&O Indemnified Persons than are set forth as of the date of this Agreement in the Organizational
Documents of Purchaser to the extent permitted by applicable Law. The provisions of this Section 6.16(c) shall survive the
Closing and are intended to be for the benefit of, and shall be enforceable by, each of the D&O Indemnified Persons and their
respective heirs and representatives.

 

6.17 Use
of Trust Account Proceeds . The Parties agree that after the Closing, the funds in the Trust Account, after taking into account
payments for the Closing Redemption, and any proceeds received by the Purchaser from any PIPE Investment, if any, shall first be
used (i) to pay the Purchaser’s accrued Expenses, (ii) to pay the Purchaser’s deferred Expenses (including any legal
fees) of the IPO and (iii) to pay for any loans or other outstanding obligations owed by the Purchaser to the Sponsor. Such amounts,
as well as any Expenses that are required or permitted to be paid by delivery of the Purchaser’s securities, will be paid
at the Closing. Any remaining cash will be used for general corporate purposes. In the event that at the Closing, the Purchaser
does not have sufficient funds to pay in full any loans or other obligations owed to the Sponsor, the Company will pay such amounts
at the Closing.

 

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6.18 Purchaser
Policies. During the Interim Period, the Purchaser will consult with the Company, and the Purchaser and the Company will adopt,
effective as of the Closing, corporate and operational policies for the Purchaser, the Company and their respective Subsidiaries,
including the Target Companies, appropriate for a company publicly traded in the United States with active business and operations
in the industries and regions in which the Target Companies operate and contemplate operating as of the Closing.

 

6.19 Tax
Matters.

 

(a) The
Purchaser, the Company Parties, Sellers and their respective Affiliates will cooperate fully, as and to the extent reasonably requested
by the other Parties, in connection with any Tax matters relating to the Target Companies (including by the provision of reasonably
relevant records or information). The Party requesting such cooperation will pay the reasonable out-of-pocket expenses of the other
Party in connection with such efforts.

 

(b) PRC
Tax Bulletin No. 7.

 

(i) The
Parties hereby acknowledge, covenant and agree that (x) the Purchaser shall have no obligation to pay any Tax assessed by the applicable
PRC Governmental Authority on the Sellers, or any other Tax of a nature that is required by applicable Law to be paid by the Sellers
with respect to the sale of the Purchased Shares pursuant to this Agreement, and (y) the Sellers agree to bear and pay any Tax
assessed by the applicable PRC Governmental Authority on any Target Company with respect to the sale of the Purchased Shares pursuant
to this Agreement.

 

(ii) The
Sellers shall (x) at their own expense, as soon as possible within thirty (30) days following the date of this Agreement and prior
to the Closing Date, report the sale of the Purchased Shares to the applicable PRC Governmental Authority in accordance with the
reporting provisions under the PRC State Administration of Taxation’s Bulletin on Several Issues of Enterprise Income Tax
on Income Arising from Indirect Transfers of Property by Non-resident Enterprises (the PRC State Administration of Taxation Bulletin
[2015] No. 7, dated February 3, 2015, as amended, supplemented, modified or interpreted from time to time by any implementing rules
and regulations, and any successor rule or regulation thereof under the Laws of the PRC, the “PRC Tax Bulletin No.
7”) (and make such filings and disclosures in accordance therewith) and (y) timely pay any Tax assessed by the applicable
PRC Governmental Authority (to the extent that such PRC Governmental Authority requires any Taxes to be paid) on any Target Company
with respect to the transactions contemplated under this Agreement in accordance with applicable Law. After such Tax reporting,
the Target Companies and Sellers agree to use their commercially reasonable efforts to promptly submit all documents lawfully requested
by the applicable PRC Governmental Authority in connection with such Tax reporting and shall deliver to the Purchaser a duplicate
of the PRC Tax Bulletin No. 7 filing documents as well as a copy of proof issued by the applicable PRC Governmental Authority with
respect to any Tax payment made by the Sellers pursuant to this subsection (ii) (or written assessment notice issued by the PRC
Governmental Authority if payment is not required).

 

(iii) The
Purchaser shall have the right, but is under no obligation, to make applicable tax filings with a relevant PRC Governmental Authority,
and the Sellers and the Target Companies shall cooperate in good faith in the Purchaser’s filing, if any, and provide all
necessary assistance and information of the Sellers and the Target Companies to the Purchaser in a timely manner, provided that
the Purchaser’s failure to so make the filings shall not relieve the Sellers from any obligation to indemnify, defend and
hold harmless the Purchaser in this regard.

 

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6.20 PIPE
Investment. Without limiting anything to the contrary contained herein, during the Interim Period, Purchaser may, but shall
not be required to, enter into and consummate subscription agreements with investors relating to a private equity investment in
Purchaser to purchase shares of Purchaser (“PIPE Shares”) in connection with a private placement, and/or
enter into backstop arrangements with potential investors, in either case on terms mutually agreeable to the Company and the Purchaser,
acting reasonably (a “PIPE Investment”), and, if Purchaser elects to seek a PIPE Investment, the Purchaser
and the Company shall, and shall cause their respective Representatives to, cooperate with each other and their respective Representatives
in connection with such PIPE Investment and use their respective commercially reasonable efforts to cause such PIPE Investment
to occur (including having the Company’s senior management participate in any investor meetings and roadshows as reasonably
requested by the Purchaser).

 

6.21 Execution
of VIE Contracts. As soon as practicable after the date of this Agreement (but in any event on or prior to September 16, 2019),
the WFOE and the VIEs shall, and the Company Parties and the Sellers shall cause each of them, each VIE Shareholder and other relevant
Person required to be a party thereto, to (i) duly execute and deliver the VIE Contracts, pursuant to which the WFOE shall have
full control over each of the VIEs and enjoy all of the economic benefit from the operations of the VIEs and their Subsidiaries,
(ii) file the registration of the pledge created on the equity interests of the VIEs to the extent permitted by applicable Law
and in accordance with the VIE Contracts with the relevant PRC State Administration for Market Regulation, and (iii) provide copies
and relevant documentation to Purchaser with respect to the items described in clauses (i) and (ii) above. For the avoidance of
doubt, the evidence from the applicable Governmental Authorities that the registration described in clause (ii) above has been
completed may be delivered by the Company Parties after September 16, 2019.

 

Article
VII

SURVIVAL AND INDEMNIFICATION

 

7.1 Survival.

 

(a) All
representations and warranties of the Company Parties and the Sellers contained in this Agreement (including all schedules and
exhibits hereto and all certificates, documents, instruments and undertakings furnished pursuant to this Agreement) shall survive
the Closing through and until and including the Expiration Date; provided, however, that (i) the representations and warranties
contained in Sections 4.14 (Taxes and Returns), 4.19 (Benefit Plans), 4.20 (Environmental Matters), 4.32
(Information Supplied) and 5.10 (Information Supplied) shall survive until sixty (60) days after the expiration of the applicable
statute of limitations, and (ii) the representations and warranties contained in Sections 4.1 (Organization and Standing),
4.2 (Authorization; Binding Agreement), 4.3 (Capitalization), 4.4 (Subsidiaries), 4.29 (Finders and
Brokers), 4.30 (Independent Investigation), 5.1 (Organization and Standing), 5.2 (Authorization; Binding Agreement),
5.3 (Ownership), 5.7 (Investment Representations), 5.8 (Finders and Brokers) and 5.9 (Independent Investigation)
will survive indefinitely (such representations and warranties referenced in clauses (i) and (ii), collectively, the “Special
Representations”). Additionally, Fraud Claims relating to any Target Company or any Seller shall survive indefinitely.
If written notice of a claim for breach of any representation or warranty has been given before the applicable date when such representation
or warranty no longer survives in accordance with this Section 7.1(a), then the relevant representations and warranties
shall survive as to such claim, until the claim has been finally resolved. All covenants, obligations and agreements of the Company
Parties and the Sellers contained in this Agreement (including all schedules and exhibits hereto and all certificates, documents,
instruments and undertakings furnished by any Company Party, any Seller or the Seller Representative pursuant to this Agreement),
including any indemnification obligations, shall survive the Closing and continue until fully performed in accordance with their
terms. For the avoidance of doubt, a claim for indemnification under any subsection of Section 7.2 other than clauses (a)
or (b) thereof may be made at any time.

 

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(b) The
representations and warranties of the Purchaser contained in this Agreement or in any certificate or instrument delivered by or
on behalf of the Purchaser or the Purchaser Representative pursuant to this Agreement shall not survive the Closing, and from and
after the Closing, the Purchaser, the Purchaser Representative and their respective Representatives shall not have any further
obligations, nor shall any claim be asserted or action be brought against the Purchaser, the Purchaser Representative or their
respective Representatives with respect thereto. The covenants and agreements made by the Purchaser and/or the Purchaser Representative
in this Agreement or in any certificate or instrument delivered pursuant to this Agreement, including any rights arising out of
any breach of such covenants or agreements, shall not survive the Closing, except for those covenants and agreements contained
herein and therein that by their terms apply or are to be performed in whole or in part after the Closing (which such covenants
shall survive the Closing and continue until fully performed in accordance with their terms).

 

7.2 Indemnification
by the Sellers. Subject to the terms and conditions of this Article VII, from and after the Closing, the Sellers and
their respective successors and assigns (each, with respect to any claim made pursuant to this Section 7.2, an “Indemnitor”)
will jointly and severally indemnify, defend and hold harmless the Purchaser, the Purchaser Representative and their respective
Affiliates and their respective officers, directors, managers, employees, successors and permitted assigns (each, with respect
to any claim made pursuant to this Section 7.2, an “Indemnitee”) from and against any and all
losses, Actions, Orders, Liabilities, damages (including consequential damages), diminution in value, Taxes, interest, penalties,
Liens, amounts paid in settlement, costs and expenses (including reasonable expenses of investigation and court costs and reasonable
attorneys’ fees and expenses) (any of the foregoing, a “Loss”) paid, suffered or incurred by, or
imposed upon, any Indemnitee to the extent arising in whole or in part out of or resulting directly or indirectly from (whether
or not involving a Third Party Claim): (a) the breach of any representation or warranty made by any Company Party or any Seller
set forth in this Agreement or in any certificate delivered by any Company Party, any Seller or the Seller Representative pursuant
to this Agreement; (b) the breach of any covenant or agreement on the part of any Seller, any Company Party or, with respect to
covenants or agreements to be performed after the Closing, the Purchaser, set forth in this Agreement or in any certificate delivered
by any Company Party, any Seller, the Seller Representative or the Purchaser pursuant to this Agreement; (c) any and all Liabilities
for Taxes (i) in connection with or arising out of the Target Companies’ activities or business on or before the Closing
Date, (ii) owing by any Person (other than a Target Company) for which a Target Company is liable where the Liability of the Target
Company for such Taxes is attributable to an event or transaction occurring on or before the Closing Date, or (iii) attributable
to or assessed on the proceeds of the sale of the Purchased Shares contemplated under this Agreement; or (d) any Action by Person(s)
who were holders of equity securities of a Target Company, including options, warrants, convertible debt or other convertible securities
or other rights to acquire equity securities of a Target Company, prior to the Closing arising out of the sale, purchase, termination,
cancellation, expiration, redemption or conversion of any such securities.

 

7.3 Limitations
and General Indemnification Provisions.

 

(a) Except
as otherwise expressly provided in this Article VII, the Indemnitees will not be entitled to receive any indemnification
payments under clause (a) of Section 7.2 unless and until the aggregate amount of Losses incurred by the Indemnitees for
which they are otherwise entitled to indemnification under this Article VII exceeds Two Million One Hundred Twenty-Five
Thousand U.S. Dollars ($2,125,000) (the “Basket”), in which case the Indemnitors shall be obligated to
the Indemnitees for the amount of all Losses of the Indemnitees from the first dollar of Losses of the Indemnitees required to
reach the Basket; provided, however, that the Basket shall not apply to (i) indemnification claims for breaches of
any Special Representation or (ii) Fraud Claims.

 

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(b) The
maximum aggregate amount of indemnification payments to which the Indemnitors will be obligated to pay in the aggregate (i) under
clause (a) of Section 7.2 (other than claims for breach of any Special Representations or any Fraud Claims) shall not exceed
an amount equal to the value of the Escrow Property in the Escrow Account in accordance with this Agreement, plus the value of
the Earnout Shares (based on the then current Purchaser Share Price), or (ii) under Section 7.2 as a whole (other than Fraud
Claims) shall not exceed an amount equal to the Company Equity Valuation.

 

(c) For
all purposes of this Article VII, including for purposes of determining whether there has been a breach giving rise to the
indemnification claim and the amount of Losses, all of the representations, warranties and covenants set forth in this Agreement
(including the disclosure schedules hereto) or any Ancillary Document that are qualified by materiality, Material Adverse Effect
or words of similar import or effect will be deemed to have been made without any such qualification.

 

(d) No
investigation or knowledge by the Purchaser, the Purchaser Representative, any other Indemnitee or their respective Representatives
of a breach of a representation, warranty, covenant or agreement of any Company Party, the Seller Representative, any Seller or
any other Indemnitor shall affect the representations, warranties, covenants and agreements of any Company Party, the Seller Representative,
any Seller or any other Indemnitor or the recourse available to any Indemnitee under any provision of this Agreement, including
this Article VII, with respect thereto.

 

(e) The
amount of any Losses suffered or incurred by any Indemnitee shall be reduced by the amount of any insurance proceeds paid to the
Indemnitee or any Affiliate thereof as a reimbursement with respect to such Losses (and no right of subrogation shall accrue to
any insurer hereunder, except to the extent that such waiver of subrogation would prejudice any applicable insurance coverage),
net of the costs of collection and the increases in insurance premiums resulting from such Loss or insurance payment.

 

7.4 Indemnification
Procedures.

 

(a) The
Purchaser Representative shall have the sole right to act on behalf of the Indemnitees with respect to any indemnification claims
made pursuant to this Article VII, including bringing and settling any indemnification claims hereunder and receiving any
notices on behalf of the Indemnitees. The Seller Representative shall have the sole right to act on behalf of the Indemnitors with
respect to any indemnification claims made pursuant to this Article VII, including defending and settling any indemnification
claims hereunder and receiving any notices on behalf of the Indemnitors.

 

(b)
In order to make a claim for indemnification hereunder, the Purchaser Representative on behalf of an Indemnitee must provide written
notice (a “Claim Notice”) of such claim to the Seller Representative on behalf of the Indemnitors and,
prior to the Expiration Date, the Escrow Agent, which Claim Notice shall include (i) a reasonable description of the facts and
circumstances which relate to the subject matter of such indemnification claim to the extent then known and (ii) the amount of
Losses suffered by the Indemnitee in connection with the claim to the extent known or reasonably estimable (provided, that the
Purchaser Representative may thereafter in good faith adjust the amount of Losses with respect to the claim by providing a revised
Claim Notice to the Seller Representative (and, so long as any Escrow Property remains in the Escrow Account, the Escrow Agent);
provided, that the copy of any Claim Notice provided to the Escrow Agent shall be redacted for any confidential or proprietary
information of the Indemnitor or the Indemnitee described in clause (i).

 

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(c) In
the case of any claim for indemnification under this Article VII arising from a claim of a third party (including any Governmental
Authority) (a “Third Party Claim”), the Purchaser Representative must give a Claim Notice with respect
to such Third Party Claim to the Seller Representative promptly (but in no event later than thirty (30) days) after the Indemnitee’s
receipt of notice of such Third Party Claim; provided, that the failure to give such notice will not relieve the Indemnitor
of its indemnification obligations except to the extent that the defense of such Third Party Claim is materially and irrevocably
prejudiced by the failure to give such notice. The Seller Representative will have the right to defend and to direct the defense
against any such Third Party Claim in its name and at its expense, and with counsel selected by the Seller Representative unless
(i) the Seller Representative fails to acknowledge fully to the Purchaser Representative the obligations of the Indemnitor to the
Indemnitee within twenty (20) days after receiving notice of such Third Party Claim or contests, in whole or in part, its indemnification
obligations therefor or (ii) at any time while such Third Party Claim is pending, (A) there is a conflict of interest between the
Seller Representative on behalf of the Indemnitor and the Purchaser Representative on behalf of the Indemnitee in the conduct of
such defense, (B) the applicable third party alleges a Fraud Claim, (C) such claim is criminal in nature, could reasonably be expected
to lead to criminal proceedings, or seeks an injunction or other equitable relief against the Indemnitee or (D) the amount of the
Third Party Claim exceeds or is reasonably expected to exceed the value of the remaining Escrow Property in the Escrow Account
(after deducting any amounts for pending but unresolved indemnification claims and resolved but unpaid indemnification claims).
If the Seller Representative on behalf of the Indemnitor elects, and is entitled, to compromise or defend such Third Party Claim,
it will within twenty (20) days (or sooner, if the nature of the Third Party Claim so requires) notify the Purchaser Representative
of its intent to do so, and the Purchaser Representative and the Indemnitee will, at the request and expense of the Seller Representative
on behalf of the Indemnitor, cooperate in the defense of such Third Party Claim. If the Seller Representative on behalf of the
Indemnitor elects not to, or at any time is not entitled under this Section 7.4 to, compromise or defend such Third Party
Claim, fails to notify the Purchaser Representative of its election as herein provided or refuses to acknowledge or contests its
obligation to indemnify under this Agreement, the Purchaser Representative on behalf of the Indemnitee may pay, compromise or defend
such Third Party Claim. Notwithstanding anything to the contrary contained herein, the Indemnitor will have no indemnification
obligations with respect to any such Third Party Claim which is settled by the Indemnitee or the Purchaser Representative without
the prior written consent of the Seller Representative on behalf of the Indemnitor (which consent will not be unreasonably withheld,
delayed or conditioned); provided, however, that notwithstanding the foregoing, the Indemnitee will not be required
to refrain from paying any Third Party Claim which has matured by a final, non-appealable Order, nor will it be required to refrain
from paying any Third Party Claim where the delay in paying such claim would result in the foreclosure of a Lien upon any of the
property or assets then held by the Indemnitee or where any delay in payment would cause the Indemnitee material economic loss.
The Seller Representative’s right on behalf of the Indemnitor to direct the defense will include the right to compromise
or enter into an agreement settling any Third Party Claim; provided, that no such compromise or settlement will obligate
the Indemnitee to agree to any settlement that that requires the taking or restriction of any action (including the payment of
money and competition restrictions) by the Indemnitee other than the execution of a release for such Third Party Claim and/or agreeing
to be subject to customary confidentiality obligations in connection therewith, except with the prior written consent of the Purchaser
Representative on behalf of the Indemnitee (such consent to be withheld, conditioned or delayed only for a good faith reason).
Notwithstanding the Seller Representative’s right on behalf of the Indemnitor to compromise or settle in accordance with
the immediately preceding sentence, the Seller Representative on behalf of the Indemnitor may not settle or compromise any Third
Party Claim over the objection of the Purchaser Representative on behalf of the Indemnitee; provided, however, that consent by
the Purchaser Representative on behalf of the Indemnitee to settlement or compromise will not be unreasonably withheld, delayed
or conditioned. The Purchaser Representative on behalf of the Indemnitee will have the right to participate in the defense of any
Third Party Claim with counsel selected by it subject to the Seller Representative’s right on behalf of the Indemnitor to
direct the defense.

 

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(d) With
respect to any direct indemnification claim that is not a Third Party Claim, the Seller Representative on behalf of the Indemnitor
will have a period of thirty (30) days after receipt of the Claim Notice to respond thereto. If the Seller Representative on behalf
of the Indemnitor does not respond within such thirty (30) days, the Seller Representative on behalf of the Indemnitor will be
deemed to have accepted responsibility for the Losses set forth in such Claim Notice subject to the limitations on indemnification
set forth in this Article VII and will have no further right to contest the validity of such Claim Notice. If the Seller
Representative on behalf of the Indemnitor responds within such thirty (30) days after the receipt of the Claim Notice and rejects
such claim in whole or in part, the Purchaser Representative on behalf of the Indemnitee will be free to pursue such remedies as
may be available under this Agreement (subject to Section 11.4), any Ancillary Documents or applicable Law.

 

7.5 Timing
of Payment; Right to Set-Off; Recovery of Shares.

 

(a) Any
indemnification claims against the Indemnitors shall first be applied against the Escrow Shares and then against any other Escrow
Property before any Indemnitor shall be required to make any out-of-pocket payment for indemnification. The sole source of recovery
of the Indemnitees with respect to any indemnification claim made under clause (a) of Section 7.2 (other than claims for
breach of any Special Representations or any Fraud Claims) shall be the Escrow Property in the Escrow Account and any Earnout Shares.

 

(b) Any
indemnification obligation of an Indemnitor under this Article VII will be paid within five (5) Business Days after the determination
of such obligation in accordance with Section 7.4 (and the Purchaser Representative and the Seller Representative will provide
or cause to be provided to the Escrow Agent any written instructions or other information or documents required by the Escrow Agent
to do so). Notwithstanding anything to the contrary contained herein, any indemnification payments will be made to the Purchaser
or its successors. With respect to any indemnification payment, the value of each Escrow Share, Earnout Share or any other Purchaser
Ordinary Shares for purposes of determining the indemnification payment shall be the Purchaser Share Price on the date that the
indemnification claim is finally determined in accordance with this Article VII. Any Escrow Shares, Earnout Shares or other
Purchaser Ordinary Shares received by the Purchaser as an indemnification payment shall be promptly cancelled by the Purchaser
after its receipt thereof.

 

(c) The
provisions of this Article VII notwithstanding, at the sole discretion of the Purchaser Representative and without limiting
any other rights of the Purchaser or any other Indemnitee under this Agreement or any Ancillary Document or at law or equity, to
the extent that it is established that the Purchaser or another Indemnitee is entitled to indemnification hereunder, if a Indemnitor
fails or refuses to promptly indemnify the Purchaser or such other Indemnitee as provided herein then the Purchaser may, at the
sole election of the Purchaser Representative, (i) offset the full amount to which the Purchaser or such other Indemnitee is entitled,
in whole or in part, by reducing the amount of any payment or other obligation due to the Sellers or such other Indemnitor pursuant
to this Agreement or any Ancillary Document, including by offsetting such indemnification obligations against any Earnout Shares
otherwise required to be delivered to the Sellers under this Agreement and/or (ii) claim a portion of the Purchaser Ordinary Shares
then owned by such Indemnitor up to an amount equal in value (based on the then current Purchaser Share Price) to the amount owed
by such Indemnitor. In the event that such Indemnitor fails to promptly transfer any such Purchaser Ordinary Shares pursuant to
this Section 7.5, the Purchaser Representative on behalf of the Purchaser shall be and hereby is authorized as the attorney-in-fact
for such Indemnitor to transfer such Purchaser Ordinary Shares to the proper recipient thereof as required by this Section 7.5
and may transfer such Purchaser Ordinary Shares and cancel the share certificates for such Purchaser Ordinary Shares on the books
and records of the Purchaser and issue new share certificates to such transferee and may instruct its agents and any exchanges
on which Purchaser Ordinary Shares are listed or traded to do the same.

 

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7.6 Exclusive
Remedy. From and after the Closing, except with respect to Fraud Claims relating to any Target Company or any Seller or claims
seeking injunctions, specific performance or other equitable relief (including pursuant to Section 11.7), or claims under
the terms of the Ancillary Documents, indemnification pursuant to this Article VII shall be the sole and exclusive remedy
for the Parties with respect to matters arising under this Agreement of any kind or nature, including for any misrepresentation
or breach of any warranty, covenant, or other provision contained in this Agreement or in any certificate or instrument delivered
pursuant to this Agreement or otherwise relating to the subject matter of this Agreement, including the negotiation and discussion
thereof.

 

Article
VIII

CLOSING CONDITIONS

 

8.1 Conditions
to Each Party’s Obligations. The obligations of each Party to consummate the transactions described herein shall be subject
to the satisfaction or written waiver (where permissible) by the Company and the Purchaser and the Seller Representative of the
following conditions:

 

(a) Required
Purchaser Shareholder Approval. This Shareholder Approval Matters that are submitted to the vote of the shareholders of the
Purchaser at the Shareholder Meeting in accordance with the Solicitation Documents shall have been approved by the requisite vote
of the shareholders of the Purchaser at the Shareholder Meeting in accordance with the Solicitation Documents (the “Required
Shareholder Vote”).

 

(b) Antitrust
Laws. Any waiting period (and any extension thereof) applicable to the consummation of this Agreement under any Antitrust Laws
shall have expired or been terminated.

 

(c) Requisite
Regulatory Approvals. All Consents required to be obtained from or made with any Governmental Authority in order to consummate
the transactions contemplated by this Agreement shall have been obtained or made.

 

(d) Requisite
Consents. The Consents required to be obtained from or made with any third Person (other than a Governmental Authority) in
order to consummate the transactions contemplated by this Agreement that are set forth in Schedule 8.1(d) shall have each
been obtained or made.

 

(e) No
Law or Order. No Governmental Authority shall have enacted, issued, promulgated, enforced or entered any Law (whether temporary,
preliminary or permanent) or Order that is then in effect and which has the effect of making the transactions or agreements contemplated
by this Agreement illegal or which otherwise prevents or prohibits consummation of the transactions contemplated by this Agreement.

 

(f) No
Litigation. There shall not be any pending Action brought by a third-party non-Affiliate to enjoin or otherwise restrict the
consummation of the Closing.

 

(g) Appointment
to the Board. The members of the Post-Closing Purchaser Board shall have been elected or appointed as of the Closing consistent
with the requirements of Section 6.16.

 

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(h) Net
Tangible Assets Test. Upon the Closing and after giving effect to the completion of the Closing Redemption and any PIPE Investment,
if any, the Purchaser (together with the Target Companies on a combined basis ) shall have net tangible assets of at least $5,000,001.

 

(i) Nasdaq
Listing. The Purchaser, immediately after the Closing and after giving effect to the conversion of the Purchaser Public Rights
into Purchaser Ordinary Shares and the Closing Redemption, the issuance of the Exchange Shares and any PIPE Shares and any of the
other transactions contemplated by this Agreement, shall have at least 300 round-lot shareholders, and the Purchaser and the Company
shall have received reasonable evidence that the Purchaser Ordinary Shares shall remain listed on Nasdaq immediately following
the Closing.

 

8.2 Conditions
to Obligations of the Company and the Sellers. In addition to the conditions specified in Section 8.1, the obligations
of the Company and the Sellers to consummate the transactions contemplated by this Agreement are subject to the satisfaction or
written waiver (by the Company and the Seller Representative) of the following conditions:

 

(a) Representations
and Warranties. All of the representations and warranties of the Purchaser set forth in this Agreement and in any certificate
delivered by or on behalf of the Purchaser pursuant hereto shall be true and correct on and as of the date of this Agreement and
on and as of the Closing Date as if made on the Closing Date, except for (i) those representations and warranties that address
matters only as of a particular date (which representations and warranties shall have been accurate as of such date), and (ii)
any failures to be true and correct that (without giving effect to any qualifications or limitations as to materiality or Material
Adverse Effect), individually or in the aggregate, have not had and would not reasonably be expected to have a Material Adverse
Effect on, or with respect to, the Purchaser.

 

(b) Agreements
and Covenants. The Purchaser shall have performed in all material respects all of the Purchaser’s obligations and complied
in all material respects with all of the Purchaser’s agreements and covenants under this Agreement to be performed or complied
with by it on or prior to the Closing Date.

 

(c) No
Material Adverse Effect. No Material Adverse Effect shall have occurred with respect to the Purchaser since the date of this
Agreement which is continuing and uncured.

 

(d) Closing
Deliveries.

 

(i) Officer
Certificate. The Purchaser shall have delivered to the Company a certificate, dated the Closing Date, signed by an executive
officer of the Purchaser in such capacity, certifying as to the satisfaction of the conditions specified in Sections 8.2(a),
8.2(b) and 8.2(c).

 

(ii) Secretary
Certificate. The Purchaser shall have delivered to the Company a certificate from its secretary or other executive officer
certifying as to, and attaching, (A) copies of the Purchaser’s Organizational Documents as in effect as of the Closing Date
(prior to giving effect to the Amended Charter), (B) the resolutions of the Purchaser’s board of directors authorizing and
approving the execution, delivery and performance of this Agreement and each of the Ancillary Documents to which it is a party
or by which it is bound, and the consummation of the transactions contemplated hereby and thereby, (C) evidence that the Required
Shareholder Vote has been obtained and (D) the incumbency of officers of the Purchaser authorized to execute this Agreement or
any Ancillary Document to which the Purchaser is or is required to be a party or otherwise bound.

 

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(iii) Good
Standing. The Purchaser shall have delivered to the Company a good standing certificate (or similar documents applicable for
such jurisdictions) for the Purchaser certified as of a date no earlier than sixty (60) days prior to the Closing Date from the
proper Governmental Authority of the Purchaser’s jurisdiction of organization and from each other jurisdiction in which the
Purchaser is qualified to do business as a foreign entity as of the Closing, in each case to the extent that good standing certificates
or similar documents are generally available in such jurisdictions.

 

(iv) Escrow
Agreement. The Company shall have received a copy of the Escrow Agreement, duly executed by the Purchaser, the Purchaser Representative
and the Escrow Agent.

 

(e) Effectiveness
of Certain Ancillary Documents. The Registration Rights Agreement shall be in full force and effect in accordance with the
terms thereof as of the Closing.

 

8.3 Conditions
to Obligations of the Purchaser. In addition to the conditions specified in Section 8.1, the obligations of the Purchaser
to consummate the transactions contemplated by this Agreement are subject to the satisfaction or written waiver (by the Purchaser)
of the following conditions: 1

 

(a) Representations
and Warranties. All of the representations and warranties of the Company Parties and the Sellers set forth in this Agreement
and in any certificate delivered by any Company Party or any Seller pursuant hereto shall be true and correct on and as of the
date of this Agreement and on and as of the Closing Date as if made on the Closing Date, except for (i) those representations and
warranties that address matters only as of a particular date (which representations and warranties shall have been accurate as
of such date), and (ii) any failures to be true and correct that (without giving effect to any qualifications or limitations as
to materiality or Material Adverse Effect), individually or in the aggregate, have not had and would not reasonably be expected
to have a Material Adverse Effect on, or with respect to, any Target Company or any Seller.

 

(b) Agreements
and Covenants. Each Company Party and each Seller shall have performed in all material respects all of such Party’s obligations
and complied in all material respects with all of such Party’s agreements and covenants under this Agreement to be performed
or complied with by it on or prior to the Closing Date.

 

(c) No
Material Adverse Effect. No Material Adverse Effect shall have occurred with respect to any Target Company since the date of
this Agreement which is continuing and uncured.

 

(d) Closing
Deliveries.

 

(i) Officer
Certificate. The Purchaser shall have received a certificate from the Company, dated as the Closing Date, signed by an executive
officer of the Company in such capacity, certifying as to the satisfaction of the conditions specified in Sections 8.3(a),
8.3(b) and 8.3(c).

 

(ii) Seller
Certificate. The Purchaser shall have received a certificate from each Seller, dated as of the Closing Date, signed by such
Seller, certifying as to the satisfaction of the conditions specified in Sections 8.3(a) and 8.3(b) with respect
to such Seller.

 

(iii) Secretary
Certificate. The Company shall have delivered to the Purchaser a certificate from its secretary or other executive officer
certifying as to, and attaching, (A) copies of the Company’s Organizational Documents as in effect as of the Closing Date,
(B) the resolutions of the Company’s board of directors and shareholders authorizing and approving the execution, delivery
and performance of this Agreement and each of the Ancillary Documents to which it is a party or by which it is bound, and the consummation
of the transactions contemplated hereby and thereby, and (C) the incumbency of officers of the Company authorized to execute this
Agreement or any Ancillary Document to which the Company is or is required to be a party or otherwise bound.

 

 

1
Note to Draft: Additional Closing conditions/deliveries may be added as a result of due diligence prior to signing.

 

    58

     

    

 

(iv) Good
Standing. The Company shall have delivered to the Purchaser good standing certificates (or similar documents applicable for
such jurisdictions) for each Target Company certified as of a date no earlier than sixty (60) days prior to the Closing Date from
the proper Governmental Authority of the Target Company’s jurisdiction of organization and from each other jurisdiction in
which the Target Company is qualified to do business as a foreign corporation or other entity as of the Closing, in each case to
the extent that good standing certificates or similar documents are generally available in such jurisdictions.

 

(v) Certified
Company Charter. The Company shall have delivered to the Purchaser a copy of the Company Charter, as in effect as of the Closing,
certified by the appropriate Governmental Authority of the Cayman Islands as of a date no earlier than thirty (30) days prior to
the Closing Date.

 

(vi) Employment
Agreements. The Purchaser shall have received employment agreements, in each case effective as of the Closing, in form and
substance reasonably satisfactory to the Purchaser and the Company (the “Employment Agreements”), between
each of the persons set forth on Schedule 8.3(d)(vi) hereto and the applicable Target Company or the Purchaser, as noted
in Schedule 8.3(d)(vi) hereto, each such Employment Agreement duly executed by the parties thereto.

 

(vii) Escrow
Agreement. The Purchaser shall have received a copy of the Escrow Agreement, duly executed by the Seller Representative and
the Escrow Agent.

 

(viii) Legal
Opinion. Purchaser shall have received (A) a duly executed opinion from the Company’s counsel with respect to Cayman
Islands Laws, and (B) a duly executed opinion from the Company’s counsel with respect to PRC Laws, in form and substance
reasonably satisfactory to the Purchaser, addressed to the Purchaser and dated as of the Closing Date.

 

(ix) Share
Certificates and Transfer Instruments. The Purchaser shall have received from each Seller share certificates representing the
Purchased Shares (or duly executed affidavits of lost share certificates in form and substance reasonably acceptable to the Purchaser
and consistent with the Cayman Islands Act), if applicable, together with executed instruments of transfer in respect of the Purchased
Shares in favor of the Purchaser (or its nominee) and in form reasonably acceptable for transfer on the books of the Company.

 

(x) Registered
Agent Letter. The Purchaser shall receive a copy of a letter, executed by all parties thereto, in the reasonably agreed form,
to the Cayman Islands registered agent of the Company from the client of record of such registered agent instructing it to take
instruction from the Purchaser (or its nominees) from and after the Closing.

 

(xi) Termination
of Certain Contracts. The Purchaser shall have received evidence reasonably acceptable to Purchaser that the Contracts set
forth on Schedule 8.3(d)(xi) involving any of the Target Companies and/or Sellers or other Related Persons shall have been
terminated with no further obligation or Liability of the Target Companies thereunder.2

 

 

2
Note to Draft: Schedule is subject to diligence.

 

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(xii) VIE
Contracts. The Purchaser shall have received copies of the VIE Contracts duly executed by the WFOE, the VIEs, the VIE Shareholders
and each other Person required to be party thereto, which VIE Contracts shall be in full force and effect in accordance with the
terms thereof as of the Closing, and written record reasonably acceptable to Purchaser evidencing the completion of the registration
of the pledge created on the equity interests of the VIEs to the extent permitted by applicable Law and in accordance with the
VIE Contracts with the relevant PRC State Administration for Market Regulation.

 

(e) Certain
Ancillary Documents. Each (i) Non-Competition Seller that did not execute and deliver a Non-Competition Agreement on the date
hereof shall have duly executed and delivered to the Purchaser a Non-Competition Agreement, (ii) Lock-Up Seller that did not execute
and deliver a Lock-Up Agreement on the date hereof shall have duly executed and delivered to the Purchaser a Lock-Up Agreement,
and (iii) Seller that did not execute and deliver the Registration Rights Agreement on the date hereof shall have duly executed
and delivered to the Purchaser the Registration Rights Agreement. Each Non-Competition Agreement, each Lock-Up Agreement and the
Registration Rights Agreement (whether executed and delivered on the date of this Agreement or any time at or prior to the Closing)
shall be in full force and effect in accordance with the terms thereof as of the Closing.

 

8.4 Frustration
of Conditions. Notwithstanding anything contained herein to the contrary, no Party may rely on the failure of any condition
set forth in this Article VIII to be satisfied if such failure was caused by the failure of such Party or its Affiliates
(or with respect to a Company Party, any Target Company or Seller) to comply with or perform any of its covenants or obligations
set forth in this Agreement.

 

Article
IX

TERMINATION AND EXPENSES

 

9.1 Termination.
This Agreement may be terminated and the transactions contemplated hereby may be abandoned at any time prior to the Closing as
follows:

 

(a) by
mutual written consent of the Purchaser and the Company;

 

(b) by
written notice by the Purchaser or the Company, if any of the conditions to the Closing set forth in Article VIII have not
been satisfied or waived by December 31, 2019 (the “Outside Date”) provided, that if the Purchaser seeks
and receives the approval of its shareholders for an Extension, the Purchaser shall have the right by providing written notice
thereof to the Company to extent the Outside Date for an additional period equal to the shorter of (i) three additional months
and (ii) the period ending on the last date for the Purchaser to consummate its initial Business Combination pursuant to such Extension);
provided, however, the right to terminate this Agreement under this Section 9.1(b) shall not be available
to a Party if the breach or violation by such Party or its Affiliates (or with respect to the Company, any other Company Party
or any Seller) of any representation, warranty, covenant or obligation under this Agreement was the cause of, or resulted in, the
failure of the Closing to occur on or before the Outside Date;

 

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(c) by
written notice by either the Purchaser or the Company, if a Governmental Authority of competent jurisdiction shall have issued
an Order or taken any other action permanently restraining, enjoining or otherwise prohibiting the transactions contemplated by
this Agreement, and such Order or other action has become final and non-appealable; provided, however, that the right
to terminate this Agreement pursuant to this Section 9.1(c) shall not be available to a Party if the failure by such Party
or its Affiliates (or with respect to the Company, any other Company Party or any Seller) to comply with any provision of this
Agreement has been a substantial cause of, or substantially resulted in, such action by such Governmental Authority;

 

(d) by
written notice by the Company to the Purchaser, if (i) there has been a breach by the Purchaser of any of its representations,
warranties, covenants or agreements contained in this Agreement, or if any representation or warranty of the Purchaser shall have
become untrue or inaccurate, in any case, which would result in a failure of a condition set forth in Section 8.2(a) or
Section 8.2(b) to be satisfied (treating the Closing Date for such purposes as the date of this Agreement or, if later,
the date of such breach), and (ii) the breach or inaccuracy is incapable of being cured or is not cured within the earlier of (A)
twenty (20) days after written notice of such breach or inaccuracy is provided to the Purchaser by the Company or (B) the Outside
Date; provided, that the Company shall not have the right to terminate this Agreement pursuant to this Section 9.1(d)
if at such time any Company Party or any Seller is in material uncured breach of this Agreement;

 

(e) by
written notice by the Purchaser to the Company, if (i) there has been a breach by any Company Party or any Seller of any of their
respective representations, warranties, covenants or agreements contained in this Agreement, or if any representation or warranty
of such Parties shall have become untrue or inaccurate, in any case, which would result in a failure of a condition set forth in
Section 8.3(a) or Section 8.3(b) to be satisfied (treating the Closing Date for such purposes as the date of this
Agreement or, if later, the date of such breach), and (ii) the breach or inaccuracy is incapable of being cured or is not cured
within the earlier of (A) twenty (20) days after written notice of such breach or inaccuracy is provided to the Company by the
Purchaser or (B) the Outside Date; provided, that the Purchaser shall not have the right to terminate this Agreement pursuant
to this Section 9.1(e) if at such time the Purchaser is in material uncured breach of this Agreement;

 

(f) by
written notice by the Purchaser to the Company, if there shall have been a Material Adverse Effect on any Target Company following
the date of this Agreement which is uncured and continuing;

 

(g) by
written notice by either the Purchaser or the Company to the other, if the Shareholder Meeting (including any adjournment or postponement
thereof) is held and has concluded, the shareholders of the Purchaser have duly voted, and the Required Shareholder Vote was not
obtained;

 

(h) by
written notice by the Company to the Purchaser, if the Purchaser does not have sufficient funds available at the Closing, either
from the remaining cash and cash equivalents in the Trust Account after giving effect to the Closing Redemption or from the proceeds
of any PIPE Investment (excluding any proceeds from a PIPE Investment by an investor sourced by the Company), if any, but for the
avoidance of doubt excluding for purposes of this Section 9.1(h) any cash or cash equivalents of the Target Companies, to
pay the IPO Underwriter’s fees under the Business Combination Marketing Agreement;

 

(i) by
written notice by the Purchaser to the Company, if (i) the Company Parties have not fully satisfied all of the requirements of
Section 6.21 on or prior to September 16, 2019 (provided, that upon the Company Parties delivering all of the requirements
of Section 6.21 after September 16, 2019, the Purchaser shall not be permitted thereafter to terminate under this Section
9.1(i)(i)), or (ii) any of the VIE Contracts at any time thereafter are not in full force and effect in accordance with the
terms thereof at such time of termination; or

 

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(j) by
written notice by the Purchaser to the Company if (i) the Company has not delivered the Draft Audited Financial Statements to the
Purchaser on or prior to September 16, 2019 (provided, that upon the Company delivering the Draft Audited Financial Statements
to the Purchaser after September 16, 2019, the Purchaser shall not be permitted thereafter to terminate under this Section 9.1(j)(i)),
or (ii) if the Final Audited Financial Statements are materially different from the Draft Audited Financial Statements in an adverse
manner, including any of the consolidated revenues, net income before taxes, or assets being more than five percent (5%) less than
the amounts set forth in the Draft Audited Financial Statements or the consolidated liabilities being more than five percent (5%)
greater than the amounts set forth in the Draft Audited Financial Statements.

 

9.2 Effect
of Termination. This Agreement may only be terminated in the circumstances described in Section 9.1 and pursuant to
a written notice delivered by the applicable Party to the other applicable Parties, which sets forth the basis for such termination,
including the provision of Section 9.1 under which such termination is made. In the event of the valid termination of this
Agreement pursuant to Section 9.1, this Agreement shall forthwith become void, and there shall be no Liability on the part
of any Party or any of their respective Representatives, and all rights and obligations of each Party shall cease, except: (i)
Sections 6.12, 6.13, 9.3, 9.4, 10.1, Article XI and this Section 9.2 shall
survive the termination of this Agreement, and (ii) nothing herein shall relieve any Party from Liability for any willful breach
of any representation, warranty, covenant or obligation under this Agreement or any Fraud Claim against such Party, in either case,
prior to termination of this Agreement (in each case of clauses (i) and (ii) above, subject to Section 10.1). Without limiting
the foregoing, and except as provided in Sections 9.3 and 9.4 and this Section 9.2, but subject to Section
10.1, and subject to the right to seek injunctions, specific performance or other equitable relief in accordance with Section
11.7), the Parties’ sole right prior to the Closing with respect to any breach of any representation, warranty, covenant
or other agreement contained in this Agreement by another Party or with respect to the transactions contemplated by this Agreement
shall be the right, if applicable, to terminate this Agreement pursuant to Section 9.1.

 

9.3 Fees
and Expenses. Subject to Sections 6.17, 9.4, 10.1, 11.14 and 11.15 all Expenses incurred
in connection with this Agreement and the transactions contemplated hereby shall be paid by the Party incurring such expenses.
As used in this Agreement, “Expenses” shall include all out-of-pocket expenses (including all fees and
expenses of counsel, accountants, investment bankers, financial advisors, financing sources, experts and consultants to a Party
hereto or any of its Affiliates) incurred by a Party or on its behalf in connection with or related to the authorization, preparation,
negotiation, execution or performance of this Agreement or any Ancillary Document related hereto and all other matters related
to the consummation of this Agreement. With respect to Purchaser, Expenses shall include any and all deferred expenses (including
fees or commissions payable to the underwriters and any legal fees) of the IPO upon consummation of a Business Combination and
any expenses incurred in connection with any Extension.

 

9.4 Termination
Fee. Notwithstanding Section 9.3 above, in the event that there is a valid and effective termination of this Agreement
by the Purchaser pursuant to Section 9.1(e), then the Company Parties shall jointly and severally pay to the Purchaser a
termination fee equal to Six Hundred Thirty-Nine Thousand U.S. Dollars ($639,000), plus the Expenses incurred by or on behalf of
the Purchaser or any of its Affiliates in connection with the authorization, preparation, negotiation, execution or performance
of this Agreement or the Ancillary Documents or the transactions contemplated hereby or thereby, including any related SEC filings,
the Solicitation Documents, any Redemption and any PIPE Investment (such aggregate amount, the “Termination Fee”).
The Termination Fee shall be paid by wire transfer of immediately available funds to an account designated in writing by the Purchaser
within ten (10) Business Days after the Purchaser delivers to the Company the amount of such Expenses, along with reasonable documentation
in connection therewith. Notwithstanding anything to the contrary in this Agreement, the Parties expressly acknowledge and agree
that, with respect to any termination of this Agreement in circumstances where the Termination Fee is payable, the payment of the
Termination Fee shall, in light of the difficulty of accurately determining actual damages, constitute liquidated damages with
respect to any claim for damages or any other claim which the Purchaser would otherwise be entitled to assert against any Company
Party or any Seller or any of their respective Affiliates or any of their respective assets, or against any of their respective
directors, officers, employees or shareholders with respect to this Agreement and the transactions contemplated hereby and shall
constitute the sole and exclusive remedy available to the Purchaser, provided, that the foregoing shall not limit (x) any Company
Party or any Seller from Liability for any Fraud Claim relating to events occurring prior to termination of this Agreement or (y)
the rights of the Purchaser to seek specific performance or other injunctive relief in lieu of terminating this Agreement.

 

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Article
X

WAIVERS AND RELEASES

 

10.1 Waiver
of Claims Against Trust. Each Company Party and each Seller hereby acknowledges that it has read the IPO Prospectus and understands
that the Purchaser has established the Trust Account containing the proceeds of the IPO and the overallotment shares acquired by
the Purchaser’s underwriters and from certain private placements occurring simultaneously with the IPO (including interest
accrued from time to time thereon) for the benefit of the Purchaser’s public shareholders (including overallotment shares
acquired by the Purchaser’s underwriters) (the “Public Shareholders”) and that, except as otherwise
described in the IPO Prospectus, the Purchaser may disburse monies from the Trust Account only: (a) to the Public Shareholders
in the event they elect to redeem or convert their Purchaser Ordinary Shares in connection with the consummation of the Purchaser’s
initial business combination (as such term is used in the IPO Prospectus) (“Business Combination”) or
in connection with an amendment to the Purchaser’s Organizational Documents to extend the Purchaser’s deadline to consummate
its Business Combination, (b) to the Public Shareholders if the Purchaser fails to consummate a Business Combination within eighteen
(18) months after the closing of the IPO (or up to twenty-two (22) months from the closing of the IPO if the Purchaser extends
such period by issuing additional Purchaser Public Warrants as contemplated by the IPO Prospectus and the Purchaser’s Organizational
Documents), (c) with respect to any interest income earned on the amounts held in the Trust Account, amounts necessary to pay for
franchise and income taxes or (d) to the Purchaser after or concurrently with the consummation of its Business Combination. For
and in consideration of the Purchaser entering into this Agreement and for other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, each Company Party and each Seller hereby agrees on behalf of itself and its Affiliates
that, notwithstanding anything to the contrary in this Agreement, none of the Company Parties or any Seller, nor any of their respective
Affiliates, do now or shall at any time hereafter have any right, title, interest or claim of any kind in or to any monies in the
Trust Account or distributions therefrom, or make any claim against the Trust Account (including any distributions therefrom),
regardless of whether such claim arises as a result of, in connection with or relating in any way to, this Agreement, any other
proposed or actual business relationship between the Purchaser or any of its Representatives, on the one hand, and any Company
Party or any Seller or any of their respective Representatives, on the other hand, or any other matter, and regardless of whether
such claim arises based on contract, tort, equity or any other theory of legal liability (collectively, the “Released
Claims”). Each Company Party and each Seller on behalf of itself and its Affiliates hereby irrevocably waives any
Released Claims that any such Party of any of its Affiliates may have against the Trust Account (including any distributions therefrom)
now or in the future as a result of, or arising out of, any negotiations, contracts or agreements with Purchaser or its Representatives
and will not seek recourse against the Trust Account (including any distributions therefrom) for any reason whatsoever (including
for an alleged breach of this Agreement or any other agreement with Purchaser or its Affiliates). Each Company Party and each Seller
agrees and acknowledges that such irrevocable waiver is material to this Agreement and specifically relied upon by the Purchaser
and its Affiliates to induce the Purchaser to enter in this Agreement, and each Company Party and each Seller further intends and
understands such waiver to be valid, binding and enforceable against such Party and each of its Affiliates under applicable Law.
To the extent that any Company Party, any Seller or any of their respective Affiliates commences any Action based upon, in connection
with, relating to or arising out of any matter relating to the Purchaser or its Representatives, which proceeding seeks, in whole
or in part, monetary relief against the Purchaser or its Representatives, each Company Party and each Seller hereby acknowledges
and agrees that its and its Affiliates’ sole remedy shall be against funds held outside of the Trust Account and that such
claim shall not permit such Party or any of its Affiliates (or any other Person claiming on any of their behalves or in lieu of
them) to have any claim against the Trust Account (including any distributions therefrom) or any amounts contained therein. In
the event that any Company Party, any Seller or any of their respective Affiliates commences any Action based upon, in connection
with, relating to or arising out of any matter relating to the Purchaser or its Representatives which proceeding seeks, in whole
or in part, relief against the Trust Account (including any distributions therefrom) or the Public Shareholders, whether in the
form of money damages or injunctive relief, the Purchaser and its Representatives, as applicable, shall be entitled to recover
from the commencing Person and its Affiliates the associated legal fees and costs in connection with any such Action, in the event
the Purchaser or its Representatives, as applicable, prevails in such Action. This Section 10.1 shall survive termination
of this Agreement for any reason and continue indefinitely.

 

10.2 Release
and Covenant Not to Sue. Effective as of the Closing, to the fullest extent permitted by applicable Law, each Seller, on behalf
of itself and its Affiliates that owns any share or other equity interest in or of such Seller (the “Releasing Persons”),
hereby releases and discharges the Target Companies from and against any and all Actions, obligations, agreements, debts and Liabilities
whatsoever, whether known or unknown, both at law and in equity, which such Releasing Person now has, has ever had or may hereafter
have against the Target Companies arising on or prior to the Closing Date or on account of or arising out of any matter occurring
on or prior to the Closing Date, including any rights to indemnification or reimbursement from a Target Company, whether pursuant
to its Organizational Documents, Contract or otherwise, and whether or not relating to claims pending on, or asserted after, the
Closing Date. From and after the Closing, each Releasing Person hereby irrevocably covenants to refrain from, directly or indirectly,
asserting any Action, or commencing or causing to be commenced, any Action of any kind against the Target Companies or their respective
Affiliates, based upon any matter purported to be released hereby. Notwithstanding anything herein to the contrary, the releases
and restrictions set forth herein shall not apply to any claims a Releasing Person may have against any party pursuant to the terms
and conditions of this Agreement or any Ancillary Document or any of the other matters set forth on Schedule 10.2.

 

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Article
XI

MISCELLANEOUS

 

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

 

	

If to the Purchaser at or prior to the Closing, to:

         

        TKK Symphony Acquisition Corporation

        c/o Texas Kang Kai Capital Management (Hong Kong) Limited

        2039, 2/F United Center, 95 Queensway Admiralty, Hong Kong

        Attn: Sing Wang, Chairman and CEO

        Telephone No.: +852 3643 1693

        Email: sw@tkkcapital.com
	
        with a copy (which will not constitute notice) to:

         

        Ellenoff Grossman & Schole LLP

        1345 Avenue of the Americas, 11th Floor

        New York, New York 10105

        Attn:     Stuart Neuhauser, Esq.

                      Matthew A. Gray, Esq.

        Facsimile No.: (212) 370-7889

        Telephone No.: (212) 370-1300

        Email:   sneuhauser@egsllp.com

                      mgray@egsllp.com

         

        and

         

        Goodwin Procter

        Suite 2801, One Exchange Square

        8 Connaught Place, Central, Hong Kong

        Attn:   Douglas Freeman, Esq.

                    Victor Chen, Esq.

        Facsimile No.: +852 2801 5515

        Telephone No.: +852 3658 5300

        Email:   DFreeman@goodwinlaw.com

                     VChen@goodwinlaw.com

	 	 
	
        If to the Purchaser Representative, to:

         

        TKK Symphony Sponsor 1

        c/o Texas Kang Kai Capital Management (Hong Kong) Limited

        2039, 2/F United Center, 95 Queensway Admiralty, Hong Kong

        Attention: Sing Wang, Chairman and CEO

        Telephone No.: +852 3643 1693

        Email: sw@tkkcapital.com
	
        with a copy (which will not constitute notice) to:

         

        Ellenoff Grossman & Schole LLP

        1345 Avenue of the Americas, 11th Floor

        New York, New York 10105

        Attn:   Stuart Neuhauser, Esq.

                    Matthew A. Gray, Esq.

        Facsimile No.: (212) 370-7889

        Telephone No.: (212) 370-1300

        Email:  sneuhauser@egsllp.com

                     mgray@egsllp.com

         

        and

         

        Goodwin Procter

        Suite 2801, One Exchange Square

        8 Connaught Place, Central, Hong Kong

        Attn:   Douglas Freeman, Esq.

                    Victor Chen, Esq.

        Facsimile No.: +852 2801 5515

        Telephone No.: +852 3658 5300

        Email:   DFreeman@goodwinlaw.com

                     VChen@goodwinlaw.com

 

 

3
Note to Draft: Missing contact information to be obtained and all contact information to be confirmed.

 

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        If to any Company Party at or prior to the Closing, to:

         

        Glory Star New Media Group Limited

        22nd Floor, Block B, Xinhua Technology Building,

        No. 8 Tuofangying Road,

        Chaoyang District, Beijing, China

        Attn: Zhang Bing, CEO and President

        Telephone No.: +86-13810355988

        Email: 81320382@qq.com
	
        with a copy (which will not constitute notice) to:

         

        Lewis Brisbois Bisgaard & Smith LLP

        633 West 5th Street, Suite 4000

        Los Angeles, CA 90071

        Attention: Scott E. Bartel, Esq.

        Facsimile No.: (213) 250-7900

        Telephone No.: (213) 358-6174

        Email: scott.bartel@LewisBrisbois.com

	 	 
	
        If to the Seller Representative or any Seller, to:

         

        Zhang Bing

        Glory Star New Media Group Limited

        22nd Floor, Block B, Xinhua Technology Building,

        No. 8 Tuofangying Road,

        Chaoyang District, Beijing, China

        Telephone No.: +86-13810355988

        Email: 81320382@qq.com
	
        with a copy (which will not constitute notice) to:

         

        Lewis Brisbois Bisgaard & Smith LLP

        633 West 5th Street, Suite 4000

        Los Angeles, CA 90071

        Attention: Scott E. Bartel, Esq.

        Facsimile No.: (213) 250-7900

        Telephone No.: (213) 358-6174

        Email: scott.bartel@LewisBrisbois.com

	 	 
	
        If to the Purchaser or any Company Party after the Closing,
        to:

         

        Glory Star New Media Group Holdings Limited

        22nd Floor, Block B, Xinhua Technology Building,

        No. 8 Tuofangying Road,

        Chaoyang District, Beijing, China

        Attn: Zhang Bing, CEO and President

        Telephone No.: +86-13810355988

        Email: 81320382@qq.com
	
        with a copy (which will not constitute notice) to:

         

        Lewis Brisbois Bisgaard & Smith LLP

        633 West 5th Street, Suite 4000

        Los Angeles, CA 90071

        Attention: Scott E. Bartel, Esq.

        Facsimile No.: (213) 250-7900

        Telephone No.: (213) 358-6174

        Email: scott.bartel@LewisBrisbois.com

         

        and

         

        Ellenoff Grossman & Schole LLP

        1345 Avenue of the Americas, 11th Floor

        New York, New York 10105

        Attn:    Stuart Neuhauser, Esq.

                     Matthew A. Gray, Esq.

        Facsimile No.: (212) 370-7889

        Telephone No.: (212) 370-1300

        Email:   sneuhauser@egsllp.com

                      mgray@egsllp.com

         

        and

         

        Goodwin Procter

        Suite 2801, One Exchange Square

        8 Connaught Place, Central, Hong Kong

        Attn:   Douglas Freeman, Esq.

                    Victor Chen, Esq.

        Facsimile No.: +852 2801 5515

        Telephone No.: +852 3658 5300

        Email:   DFreeman@goodwinlaw.com

                     VChen@goodwinlaw.com

 

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11.2 Binding
Effect; Assignment. This Agreement and all of the provisions hereof shall be binding upon and inure to the benefit of the Parties
hereto and their respective successors and permitted assigns. This Agreement shall not be assigned by operation of Law or otherwise
without the prior written consent of the Purchaser, the Company and the Seller Representative (and, if after the Closing, the Purchaser
Representative), and any assignment without such consent shall be null and void; provided that no such assignment shall
relieve the assigning Party of its obligations hereunder.

 

11.3 Third
Parties. Except for the rights of the D&O Indemnified Persons set forth in Section 6.16(c), which the Parties acknowledge
and agree are express third party beneficiaries of this Agreement, nothing contained in this Agreement or in any instrument or
document executed by any party in connection with the transactions contemplated hereby shall create any rights in, or be deemed
to have been executed for the benefit of, any Person that is not a Party hereto or thereto or a successor or permitted assign of
such a Party.

 

11.4 Arbitration.
Any and all disputes, controversies and claims (other than disputes subject to the procedures under Section 1.4 or applications
for a temporary restraining order, preliminary injunction, permanent injunction or other equitable relief or application for enforcement
of a resolution under this Section 11.4) arising out of, related to, or in connection with this Agreement or the transactions
contemplated hereby (a “Dispute”) shall be governed by this Section 11.4. A party must, in the
first instance, provide written notice of any Disputes to the other parties subject to such Dispute, which notice must provide
a reasonably detailed description of the matters subject to the Dispute. The parties involved in such Dispute shall seek to resolve
the Dispute on an amicable basis within ten (10) Business Days of the notice of such Dispute being received by such other parties
subject to such Dispute; the “Resolution Period”); provided, that if any Dispute would reasonably be
expected to have become moot or otherwise irrelevant if not decided within sixty (60) days after the occurrence of such Dispute,
then there shall be no Resolution Period with respect to such Dispute. Any Dispute that is not resolved during the Resolution Period
may immediately be referred to and finally resolved by arbitration pursuant to the then-existing Expedited Procedures (as defined
in the AAA Procedures) of the Commercial Arbitration Rules (the “AAA Procedures”) of the AAA. Any party
involved in such Dispute may submit the Dispute to the AAA to commence the proceedings after the Resolution Period. To the extent
that the AAA Procedures and this Agreement are in conflict, the terms of this Agreement shall control. The arbitration shall be
conducted by one arbitrator nominated by the AAA promptly (but in any event within five (5) Business Days) after the submission
of the Dispute to the AAA and reasonably acceptable to each party subject to the Dispute, which arbitrator shall be a commercial
lawyer with substantial experience arbitrating disputes under acquisition agreements. The arbitrator shall accept his or her appointment
and begin the arbitration process promptly (but in any event within five (5) Business Days) after his or her nomination and acceptance
by the parties subject to the Dispute. The proceedings shall be streamlined and efficient. The arbitrator shall decide the Dispute
in accordance with the substantive law of the state of New York. Time is of the essence. Each party subject to the Dispute shall
submit a proposal for resolution of the Dispute to the arbitrator within twenty (20) days after confirmation of the appointment
of the arbitrator. The arbitrator shall have the power to order any party to do, or to refrain from doing, anything consistent
with this Agreement, the Ancillary Documents and applicable Law, including to perform its contractual obligation(s); provided,
that the arbitrator shall be limited to ordering pursuant to the foregoing power (and, for the avoidance of doubt, shall order)
the relevant party (or parties, as applicable) to comply with only one or the other of the proposals. The arbitrator’s award
shall be in writing and shall include a reasonable explanation of the arbitrator’s reason(s) for selecting one or the other
proposal. The seat of arbitration shall be in New York County, State of New York. The language of the arbitration shall be English.

 

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11.5 Governing
Law; Jurisdiction. This Agreement shall be governed by, construed and enforced in accordance with the Laws of the State of
New York without regard to the conflict of laws principles thereof. Subject to Section 11.4, all Actions arising out of
or relating to this Agreement shall be heard and determined exclusively in any state or federal court located in New York, New
York (or in any appellate court thereof) (the “Specified Courts”). Subject to Section 11.4, each
Party hereto hereby (a) submits to the exclusive jurisdiction of any Specified Court for the purpose of any Action arising
out of or relating to this Agreement brought by any Party hereto and (b) irrevocably waives, and agrees not to assert by way
of motion, defense or otherwise, in any such Action, any claim that it is not subject personally to the jurisdiction of the above-named
courts, that its property is exempt or immune from attachment or execution, that the Action is brought in an inconvenient forum,
that the venue of the Action is improper, or that this Agreement or the transactions contemplated hereby may not be enforced in
or by any Specified Court. Each Party agrees that a final judgment in any Action shall be conclusive and may be enforced in other
jurisdictions by suit on the judgment or in any other manner provided by Law. Each Party irrevocably consents to the service of
the summons and complaint and any other process in any other Action relating to the transactions contemplated by this Agreement,
on behalf of itself, or its property, by personal delivery of copies of such process to such Party at the applicable address set
forth in Section 11.1. Nothing in this Section 11.5 shall affect the right of any Party to serve legal process in
any other manner permitted by Law.

 

11.6 Waiver
of Jury Trial. Each of the Parties hereto hereby waives to the fullest extent permitted by applicable Law any right it may
have to a trial by jury with respect to any Action directly or indirectly arising out of, under or in connection with this Agreement
or the transactions contemplated hereby. Each Party hereto (a) certifies that no Representative of any other Party has represented,
expressly or otherwise, that such other Party would not, in the event of any Action, seek to enforce that foregoing waiver and
(b) acknowledges that it and the other Parties hereto have been induced to enter into this Agreement by, among other things,
the mutual waivers and certifications in this Section 11.6.

 

11.7 Specific
Performance. Each Party acknowledges that the rights of each Party to consummate the transactions contemplated hereby are unique,
recognizes and affirms that in the event of a breach of this Agreement by any Party, money damages may be inadequate and the non-breaching
Parties may have not adequate remedy at law, and agree that irreparable damage would occur in the event that any of the provisions
of this Agreement were not performed by an applicable Party in accordance with their specific terms or were otherwise breached.
Accordingly, each Party shall be entitled to seek an injunction or restraining order to prevent breaches of this Agreement and
to seek to enforce specifically the terms and provisions hereof, without the requirement to post any bond or other security or
to prove that money damages would be inadequate, this being in addition to any other right or remedy to which such Party may be
entitled under this Agreement, at law or in equity.

 

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

 

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11.9 Amendment.
This Agreement may be amended, supplemented or modified only by execution of a written instrument signed by the Purchaser, the
Company, the Seller Representative and, if after the Closing, the Purchaser Representative.

 

11.10 Waiver.
The Purchaser on behalf of itself and its Affiliates, the Company on behalf of itself, the other Company Parties and its Affiliates,
and the Seller Representative on behalf of itself and the Sellers, may in its sole discretion (i) extend the time for the performance
of any obligation or other act of any other non-Affiliated Party hereto, (ii) waive any inaccuracy in the representations and warranties
by such other non-Affiliated Party contained herein or in any document delivered pursuant hereto and (iii) waive compliance by
such other non-Affiliated Party with any covenant or condition contained herein. Any such extension or waiver shall be valid only
if set forth in an instrument in writing signed by the Party or Parties to be bound thereby. Notwithstanding the foregoing, no
failure or delay by a Party in exercising any right hereunder shall operate as a waiver thereof nor shall any single or partial
exercise thereof preclude any other or further exercise of any other right hereunder. Notwithstanding the foregoing, any waiver
of any provision of this Agreement after the Closing by the Purchaser shall also require the prior written consent of the Purchaser
Representative.

 

11.11 Entire
Agreement. This Agreement and the documents or instruments referred to herein, including any exhibits, annexes and schedules
attached hereto, which exhibits, annexes and schedules are incorporated herein by reference, together with the Ancillary Documents,
embody the entire agreement and understanding of the Parties hereto in respect of the subject matter contained herein. There are
no restrictions, promises, representations, warranties, covenants or undertakings, other than those expressly set forth or referred
to herein or the documents or instruments referred to herein, which collectively supersede all prior agreements and the understandings
among the Parties with respect to the subject matter contained herein.

 

11.12 Interpretation.
The table of contents and the Article and Section headings contained in this Agreement are solely for the purpose of reference,
are not part of the agreement of the Parties and shall not in any way affect the meaning or interpretation of this Agreement. In
this Agreement, unless the context otherwise requires: (a) any pronoun used in this Agreement shall include the corresponding masculine,
feminine or neuter forms, and words in the singular form, including any defined terms, include the plural and vice versa; (b) reference
to any Person includes such Person’s successors and assigns but, if applicable, only if such successors and assigns are permitted
by this Agreement, and reference to a Person in a particular capacity excludes such Person in any other capacity; (c) any accounting
term used and not otherwise defined in this Agreement or any Ancillary Document has the meaning assigned to such term in accordance
with GAAP; (d) “including” (and with correlative meaning “include”) means including without limiting the
generality of any description preceding or succeeding such term and shall be deemed in each case to be followed by the words “without
limitation”; (e) the words “herein,” “hereto,” and “hereby” and other words of similar
import in this Agreement shall be deemed in each case to refer to this Agreement as a whole and not to any particular Section or
other subdivision of this Agreement; (f) the word “if” and other words of similar import when used herein shall be
deemed in each case to be followed by the phrase “and only if”; (g) the term “or” means “and/or”;
(h) any reference to the term “ordinary course” or “ordinary course of business” shall be deemed in each
case to be followed by the words “consistent with past practice”; (i) any agreement, instrument, insurance policy,
Law or Order defined or referred to herein or in any agreement or instrument that is referred to herein means such agreement, instrument,
insurance policy, Law or Order as from time to time amended, modified or supplemented, including (in the case of agreements or
instruments) by waiver or consent and (in the case of statutes, regulations, rules or orders) by succession of comparable successor
statutes, regulations, rules or orders and references to all attachments thereto and instruments incorporated therein; (j) except
as otherwise indicated, all references in this Agreement to the words “Section,” “Article”, “Schedule”,
“Exhibit” and “Annex” are intended to refer to Sections, Articles, Schedules, Exhibits and Annexes to this
Agreement; and (k) the term “Dollars” or “$” means United States dollars. Any reference in this Agreement
or any Ancillary Document to a Person’s (i) directors shall include any member of such Person’s governing body, (ii)
officers shall include any Person filling a substantially similar position for such Person or (iii) shareholders or stockholders
shall include any applicable owners of the equity interests of such Person, in whatever form. The Parties have participated jointly
in the negotiation and drafting of this Agreement. Consequently, in the event an ambiguity or question of intent or interpretation
arises, this Agreement shall be construed as if drafted jointly by the Parties hereto, and no presumption or burden of proof shall
arise favoring or disfavoring any party by virtue of the authorship of any provision of this Agreement. To the extent that any
Contract, document, certificate or instrument is represented and warranted to by a Company Party to be given, delivered, provided
or made available by a Company Party, in order for such Contract, document, certificate or instrument to have been deemed to have
been given, delivered, provided and made available to the Purchaser or its Representatives, such Contract, document, certificate
or instrument shall have been posted to the electronic data site maintained on behalf of the Company for the benefit of the Purchaser
and its Representatives and the Purchaser and its Representatives have been given access to the electronic folders containing such
information.

 

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11.13 Counterparts.
This Agreement may be executed and delivered (including by facsimile or other electronic transmission) in one or more counterparts,
and by the different Parties hereto in separate counterparts, each of which when executed shall be deemed to be an original but
all of which taken together shall constitute one and the same agreement.

 

11.14 Purchaser
Representative.

 

(a) The
Purchaser, on behalf of itself and its Subsidiaries, successors and assigns, by execution and delivery of this Agreement, hereby
irrevocably appoints TKK Symphony Sponsor 1, in the capacity as the Purchaser Representative, as each such Person’s agent,
attorney-in-fact and representative, with full power of substitution to act in the name, place and stead of such Person, to act
on behalf of such Person from and after the Closing in connection with: (i) bringing, managing, controlling, defending and settling
on behalf of an Indemnitee any indemnification claims by any of them under Article VII, including controlling, defending,
managing, settling and participating in any Third Party Claim in accordance with Section 7.4; (ii) acting on behalf of such
Person under the Escrow Agreement; (iii) making on behalf of such Person any determinations and taking all actions on their behalf
relating to the determination of the achievement of the Earnout Targets or the Alternative Earnout Target and the delivery of the
Earnout Shares under Section 1.4, and in each case any disputes with respect thereto; (iv) terminating, amending or waiving
on behalf of such Person any provision of this Agreement or any Ancillary Documents to which the Purchaser Representative is a
party; (v) signing on behalf of such Person any releases or other documents with respect to any dispute or remedy arising under
this Agreement or any Ancillary Documents to which the Purchaser Representative is a party; (vi) employing and obtaining the advice
of legal counsel, accountants and other professional advisors as the Purchaser Representative, in its reasonable discretion, deems
necessary or advisable in the performance of its duties as the Purchaser Representative and to rely on their advice and counsel;
(vii) incurring and paying reasonable out-of-pocket costs and expenses, including fees of brokers, attorneys and accountants incurred
pursuant to the transactions contemplated hereby, and any other reasonable out-of-pocket fees and expenses allocable or in any
way relating to such transaction or any post-Closing consideration adjustment or indemnification claim; and (viii) otherwise enforcing
the rights and obligations of any such Persons under this Agreement and the Ancillary Documents to which the Purchaser Representative
is a party, including giving and receiving all notices and communications hereunder or thereunder on behalf of such Person; provided,
that the Parties acknowledge that the Purchaser Representative is specifically authorized and directed to act on behalf of, and
for the benefit of, the holders of Purchaser Securities (other than the Sellers and their respective successors and assigns). All
decisions and actions by the Purchaser Representative, including any agreement between the Purchaser Representative and the Seller
Representative, any Company Party, any Seller or other Indemnitor relating to the defense or settlement of any indemnification
claims for which an Indemnitor may be required to indemnify an Indemnitee pursuant to Article VII shall be binding upon
the Purchaser and its Subsidiaries, successors and assigns, and neither they nor any other Party shall have the right to object,
dissent, protest or otherwise contest the same. The provisions of this Section 11.14 are irrevocable and coupled with an
interest. The Purchaser Representative hereby accepts its appointment and authorization as the Purchaser Representative under this
Agreement.

 

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(b) The
Purchaser Representative shall not be liable for any act done or omitted under this Agreement or any Ancillary Document as the
Purchaser Representative while acting in good faith and without willful misconduct or gross negligence, and any act done or omitted
pursuant to the advice of counsel shall be conclusive evidence of such good faith. The Purchaser shall indemnify, defend and hold
harmless the Purchaser Representative from and against any and all Losses incurred without gross negligence, bad faith or willful
misconduct on the part of the Purchaser Representative (in its capacity as such) and arising out of or in connection with the acceptance
or administration of the Purchaser Representative’s duties under this Agreement or any Ancillary Document, including the
reasonable fees and expenses of any legal counsel retained by the Purchaser Representative. In no event shall the Purchaser Representative
in such capacity be liable hereunder or in connection herewith for any indirect, punitive, special or consequential damages. The
Purchaser Representative shall be fully protected in relying upon any written notice, demand, certificate or document that it in
good faith believes to be genuine, including facsimiles or copies thereof, and no Person shall have any Liability for relying on
the Purchaser Representative in the foregoing manner. In connection with the performance of its rights and obligations hereunder,
the Purchaser Representative shall have the right at any time and from time to time to select and engage, at the reasonable cost
and expense of the Purchaser, attorneys, accountants, investment bankers, advisors, consultants and clerical personnel and obtain
such other professional and expert assistance, maintain such records and incur other reasonable out-of-pocket expenses, as the
Purchaser Representative may reasonably deem necessary or appropriate from time to time. All of the indemnities, immunities, releases
and powers granted to the Purchaser Representative under this Section 11.14 shall survive the Closing and continue indefinitely.

 

(c) The
Person serving as the Purchaser Representative may resign upon ten (10) days’ prior written notice to the Purchaser and the
Seller Representative, provided, that the Purchaser Representative appoints in writing a replacement Purchaser Representative.
Each successor Purchaser Representative shall have all of the power, authority, rights and privileges conferred by this Agreement
upon the original Purchaser Representative, and the term “Purchaser Representative” as used herein shall be deemed
to include any such successor Purchaser Representatives.

 

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11.15 Seller
Representative.

 

(a) By
the execution and delivery of this Agreement, each Seller, on behalf of itself and its successors and assigns, hereby irrevocably
constitutes and appoints Bing Zhang in his capacity as the Seller Representative, as the true and lawful agent and attorney-in-fact
of such Seller with full powers of substitution to act in the name, place and stead of thereof with respect to the performance
on behalf of such Person under the terms and provisions of this Agreement and the Ancillary Documents to which the Seller Representative
is a party, as the same may be from time to time amended, and to do or refrain from doing all such further acts and things, and
to execute all such documents on behalf of such Person, if any, as the Seller Representative will deem necessary or appropriate
in connection with any of the transactions contemplated under this Agreement or any of the Ancillary Documents to which the Seller
Representative is a party, including: (i) managing, controlling, defending and settling on behalf of an Indemnitor any indemnification
claims against any of them under Article VII, including controlling, defending, managing, settling and participating in
any Third Party Claim in accordance with Section 7.4; (ii) acting on behalf of such Person under the Escrow Agreement; (iii)
making on behalf of such Person any determinations and taking all actions on their behalf relating to the determination of the
achievement of the Earnout Targets or the Alternative Earnout Target and the delivery of the Earnout Shares under Section 1.4,
and in each case any disputes with respect thereto; (iv) terminating, amending or waiving on behalf of such Person any provision
of this Agreement or any Ancillary Documents to which the Seller Representative is a party (provided, that any such action, if
material to the rights and obligations of Sellers in the reasonable judgment of the Seller Representative, will be taken in the
same manner with respect to all Sellers unless otherwise agreed by each Seller who is subject to any disparate treatment of a potentially
material and adverse nature); (v) signing on behalf of such Person any releases or other documents with respect to any dispute
or remedy arising under this Agreement or any Ancillary Documents to which the Seller Representative is a party; (vi) employing
and obtaining the advice of legal counsel, accountants and other professional advisors as the Seller Representative, in its reasonable
discretion, deems necessary or advisable in the performance of its duties as the Seller Representative and to rely on their advice
and counsel; (vii) incurring and paying reasonable out-of-pocket costs and expenses, including fees of brokers, attorneys and accountants
incurred pursuant to the transactions contemplated hereby, and any other reasonable out-of-pocket fees and expenses allocable or
in any way relating to such transaction or any indemnification claim, whether incurred prior or subsequent to Closing; (viii) receiving
all or any portion of the consideration provided to the Sellers under this Agreement and to distribute the same to the Sellers
in accordance with their Pro Rata Shares; and (ix) otherwise enforcing the rights and obligations of any such Persons under this
Agreement and the Ancillary Documents to which the Seller Representative is a party, including giving and receiving all notices
and communications hereunder or thereunder on behalf of such Person. All decisions and actions by the Seller Representative, including
any agreement between the Seller Representative and the Purchaser Representative, the Purchaser or any other Indemnitee relating
to the defense or settlement of any indemnification claims for which an Indemnitor may be required to indemnify an Indemnitee pursuant
to Article VII, shall be binding upon the Sellers and their respective successors and assigns, and neither they nor any
other Party shall have the right to object, dissent, protest or otherwise contest the same. The provisions of this Section 11.14
are irrevocable and coupled with an interest. The Seller Representative hereby accepts its appointment and authorization as the
Seller Representative under this Agreement

 

(b) Any
other Person, including the Purchaser Representative, the Purchaser, the Company Parties, the Indemnitees and the Indemnitors may
conclusively and absolutely rely, without inquiry, upon any actions of the Seller Representative as the acts of the Sellers hereunder
or any Ancillary Document to which the Seller Representative is a party. The Purchaser Representative, the Purchaser, the Company
Parties and each Indemnitee and Indemnitor shall be entitled to rely conclusively on the instructions and decisions of the Seller
Representative as to (i) the settlement of any indemnification claims by an Indemnitee pursuant to Article VII, (ii) any
payment instructions provided by the Seller Representative or (iii) any other actions required or permitted to be taken by the
Seller Representative hereunder, and no Seller nor any other Indemnitor shall have any cause of action against the Purchaser Representative,
the Purchaser, any Company Party or any Indemnitee for any action taken by any of them in reliance upon the instructions or decisions
of the Seller Representative. The Purchaser Representative, the Purchaser, the Company Parties and the Indemnitees shall not have
any Liability to any Seller or other Indemnitor for any allocation or distribution among the Sellers by the Seller Representative
of payments made to or at the direction of the Seller Representative. All notices or other communications required to be made or
delivered to a Seller under this Agreement or any Ancillary Document to which the Seller Representative is a party shall be made
to the Seller Representative for the benefit of such Seller, and any notices so made shall discharge in full all notice requirements
of the other parties hereto or thereto to such Seller with respect thereto. All notices or other communications required to be
made or delivered by a Seller shall be made by the Seller Representative (except for a notice under Section 11.15(d) of
the replacement of the Seller Representative).

 

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(c) The
Seller Representative will act for the Sellers on all of the matters set forth in this Agreement in the manner the Seller Representative
believes to be in the best interest of the Sellers, but the Seller Representative will not be responsible to the Sellers for any
Losses that any Seller or other Indemnitor may suffer by reason of the performance by the Seller Representative of the Seller Representative’s
duties under this Agreement, other than Losses arising from the bad faith, gross negligence or willful misconduct by the Seller
Representative in the performance of its duties under this Agreement. The Sellers do hereby jointly and severally agree to indemnify,
defend and hold the Seller Representative harmless from and against any and all Losses reasonably incurred or suffered as a result
of the performance of the Seller Representative’s duties under this Agreement, except for any such liability arising out
of the bad faith, gross negligence or willful misconduct of the Seller Representative. In no event shall the Seller Representative
in such capacity be liable to the Sellers hereunder or in connection herewith for any indirect, punitive, special or consequential
damages. The Seller Representative shall not be liable for any act done or omitted under this Agreement or any Ancillary Document
as the Seller Representative while acting in good faith and without willful misconduct or gross negligence, and any act done or
omitted pursuant to the advice of counsel shall be conclusive evidence of such good faith. The Seller Representative shall be fully
protected in relying upon any written notice, demand, certificate or document that it in good faith believes to be genuine, including
facsimiles or copies thereof, and no Person shall have any Liability for relying on the Seller Representative in the foregoing
manner. In connection with the performance of its rights and obligations hereunder, the Seller Representative shall have the right
at any time and from time to time to select and engage, at the reasonable cost and expense of the Sellers, attorneys, accountants,
investment bankers, advisors, consultants and clerical personnel and obtain such other professional and expert assistance, maintain
such records and incur other reasonable out-of-pocket expenses, as the Seller Representative may reasonably deem necessary or appropriate
from time to time, but the Seller Representative will not be entitled to any fee, commission or other compensation for the performance
of its services hereunder. All of the indemnities, immunities, releases and powers granted to the Seller Representative under this
Section 11.15 shall survive the Closing and continue indefinitely.

 

(d) If
the Seller Representative shall die, become disabled, dissolve, resign or otherwise be unable or unwilling to fulfill its responsibilities
as representative and agent of Sellers, then the Sellers shall, within ten (10) days after such death, disability, dissolution,
resignation or other event, appoint a successor Seller Representative (by vote or written consent of the Sellers holding in the
aggregate a Pro Rata Share in excess of fifty percent (50%)), and promptly thereafter (but in any event within two (2) Business
Days after such appointment) notify the Purchaser Representative and the Purchaser in writing of the identity of such successor.
Any such successor so appointed shall become the “Seller Representative” for purposes of this Agreement.

 

11.16 Legal
Representation. The Parties agree that, notwithstanding the fact that EGS may have, prior to Closing, jointly represented the
Purchaser and the Sponsor in connection with this Agreement and the Ancillary Documents, and has also represented the Purchaser,
the Sponsor and their respective Affiliates in connection with matters other than the transaction that is the subject of this Agreement,
EGS will be permitted in the future, after Closing, to represent one or more of the Sponsor or any subsequent Purchaser Representative
or their respective Affiliates in connection with matters in which such Persons are adverse to the Purchaser or any of its Affiliates,
including any disputes arising out of, or related to, this Agreement. The Company Parties, the Sellers and the Seller Representative,
who are or have the right to be represented by independent counsel in connection with the transactions contemplated by this Agreement,
hereby agree, in advance, to waive (and to cause their Affiliates to waive) any actual or potential conflict of interest that may
hereafter arise in connection with EGS’s future representation of one or more of the Sponsor, any subsequent Purchaser Representative
or their respective Affiliates in which the interests of such Person are adverse to the interests of the Purchaser, the Company
Parties, the Sellers and/or the Seller Representative or any of their respective Affiliates, including any matters that arise out
of this Agreement or that are substantially related to this Agreement or to any prior representation by EGS of the Purchaser, the
Sponsor, any subsequent Purchaser Representative or any of their respective Affiliates. The Parties acknowledge and agree that,
for the purposes of the attorney-client privilege, the Purchaser Representative shall be deemed the client of EGS with respect
to the negotiation, execution and performance of this Agreement and the Ancillary Documents. All such communications shall remain
privileged after the Closing and the privilege and the expectation of client confidence relating thereto shall belong solely to
the Purchaser Representative, shall be controlled by the Purchaser Representative and shall not pass to or be claimed by the Purchaser;
provided, further, that nothing contained herein shall be deemed to be a waiver by the Purchaser or any of its Affiliates of any
applicable privileges or protections that can or may be asserted to prevent disclosure of any such communications to any third
party.

 

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Article
XII

DEFINITIONS 

 

12.1 Certain
Definitions. For purpose of this Agreement, the following capitalized terms have the following meanings:

 

“AAA”
means the American Arbitration Association or any successor entity conducting arbitrations.

 

“Accounting
Principles” means in accordance with GAAP as in effect at the date of the financial statement to which it refers
or if there is no such financial statement, then as of the Closing Date, using and applying the same accounting principles, practices,
procedures, policies and methods (with consistent classifications, judgments, elections, inclusions, exclusions and valuation and
estimation methodologies) used and applied by the Target Companies in the preparation of the latest audited Company Financials.
In any event, the Accounting Principles (i) shall not include any purchase accounting or other adjustment arising out of the consummation
of the transactions contemplated by this Agreement, (ii) shall be based on facts and circumstances as they exist at or prior to
the Closing and shall exclude the effect of any act, decision or event occurring after the Closing and (iii) shall follow the defined
terms contained in this Agreement.

 

“Action”
means any notice of noncompliance or violation, or any claim, demand, charge, action, suit, litigation, audit, settlement, complaint,
stipulation, assessment or arbitration, or any request (including any request for information), inquiry, hearing, proceeding or
investigation, by or before any Governmental Authority.

 

“Affiliate”
means, with respect to any Person, any other Person directly or indirectly Controlling, Controlled by, or under common Control
with such Person. For the avoidance of doubt, the Sponsor shall be deemed to be an Affiliate of the Purchaser prior to the Closing.
Notwithstanding anything to the contrary contained herein, each of the WFOE, the VIEs, their respective Subsidiaries, and each
of the other entities whose financial information is included in the audited consolidated financial statements of the Company for
the year ended December 31, 2018 shall be deemed to be Affiliates of the Company for all purposes of this Agreement.

 

“Ancillary
Documents” means each agreement, instrument or document attached hereto as an Exhibit, including the Non-Competition
Agreements, the Lock-Up Agreements, the Registration Rights Agreement, the Escrow Agreement and the Incentive Plan, and the other
agreements, certificates and instruments to be executed or delivered by any of the parties hereto in connection with or pursuant
to this Agreement, including the Amended Charter and the Employment Agreements.

 

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“Benefit
Plans” of any Person means any and all deferred compensation, executive compensation, incentive compensation, equity
purchase or other equity-based compensation plan, employment or consulting, severance or termination pay, holiday, vacation or
other bonus plan or practice, hospitalization or other medical, life or other insurance, supplemental unemployment benefits, profit
sharing, pension, or retirement plan, program, agreement, commitment or arrangement, and each other employee benefit plan, program,
agreement or arrangement, including each “employee benefit plan” as such term is defined under Section 3(3) of ERISA,
maintained or contributed to or required to be contributed to by a Person for the benefit of any employee or terminated employee
of such Person, or with respect to which such Person has any Liability, whether direct or indirect, actual or contingent, whether
formal or informal, and whether legally binding or not.

 

“Business
Combination Marketing Agreement” means the Business Combination Marketing Agreement, dated as of August 15, 2018,
between the Purchaser and the IPO Underwriter, as it may be amended from time to time.

 

“Business
Day” means any day other than a Saturday, Sunday or a legal holiday on which commercial banking institutions in New
York, New York are authorized to close for business.

 

“Cayman Islands
Act” means the Cayman Islands Companies Law (2018 Revision), as amended.

 

“Closing
Net Indebtedness” means, as of the Reference Time, (i) the aggregate amount of all Indebtedness of the Target Companies,
less (ii) the aggregate amount of the cash and cash equivalents of the Target Companies (on hand or in bank accounts, including
deposits in transit, minus the aggregate amount of outstanding and unpaid checks issued by or on behalf of a Target Company as
of such time), each on a consolidated basis and as determined in accordance with the Accounting Principles.

 

“Code”
means the Internal Revenue Code of 1986, as amended, and any successor statute thereto, as amended. Reference to a specific section
of the Code shall include such section and any valid treasury regulation promulgated thereunder.

 

“Company
Charter” means the memorandum and articles of association of the Company, as amended and in effect under the Cayman
Islands Act.

 

“Company
Confidential Information” means all confidential or proprietary documents and information concerning the Target Companies
or the Sellers or any of their respective Representatives, furnished in connection with this Agreement or the transactions contemplated
hereby; provided, however, that Company Confidential Information shall not include any information which, (i) at
the time of disclosure by the Purchaser or its Representatives, is generally available publicly and was not disclosed in breach
of this Agreement or (ii) at the time of the disclosure by the Company Parties, the Sellers or their respective Representatives
to the Purchaser or its Representatives was previously known by such receiving party without violation of Law or any confidentiality
obligation by the Person receiving such Company Confidential Information.

 

“Company
Ordinary Shares” means the ordinary shares, par value $0.01 per share, of the Company.

 

“Consent”
means any consent, approval, waiver, authorization or Permit of, or notice to or declaration or filing with any Governmental Authority
or any other Person.

 

“Contracts”
means all contracts, agreements, binding arrangements, bonds, notes, indentures, mortgages, debt instruments, purchase order, licenses
(and all other contracts, agreements or binding arrangements concerning Intellectual Property), franchises, leases and other instruments
or obligations of any kind, written or oral (including any amendments and other modifications thereto).

 

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“Control”
of a Person means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies
of such Person, whether through the ownership of voting securities, by contract, or otherwise. “Controlled”, “Controlling”
and “under common Control with” have correlative meanings. Without limiting the foregoing a Person (the “Controlled
Person”) shall be deemed Controlled by (a) any other Person (i) owning beneficially, as meant in Rule 13d-3 under
the Exchange Act, securities entitling such Person to cast ten percent (10%) or more of the votes for election of directors or
equivalent governing authority of the Controlled Person or (ii) entitled to be allocated or receive ten percent (10%) or more of
the profits, losses, or distributions of the Controlled Person; (b) an officer, director, general partner, partner (other than
a limited partner), manager, or member (other than a member having no management authority that is not a Person described in clause
(a) above) of the Controlled Person; or (c) a spouse, parent, lineal descendant, sibling, aunt, uncle, niece, nephew, mother-in-law,
father-in-law, sister-in-law, or brother-in-law of an Affiliate of the Controlled Person or a trust for the benefit of an Affiliate
of the Controlled Person or of which an Affiliate of the Controlled Person is a trustee.

 

“Copyrights”
means any works of authorship, mask works and all copyrights therein, including all renewals and extensions, copyright registrations
and applications for registration and renewal, and non-registered copyrights.

 

“Environmental
Law” means any Law in any way relating to (a) the protection of human health and safety, (b) the protection, preservation
or restoration of the environment and natural resources (including air, water vapor, surface water, groundwater, drinking water
supply, surface land, subsurface land, plant and animal life or any other natural resource), or (c) the exposure to, or the use,
storage, recycling, treatment, generation, transportation, processing, handling, labeling, production, release or disposal of Hazardous
Materials.

 

“Environmental
Liabilities” means, in respect of any Person, all Liabilities, obligations, responsibilities, Remedial Actions, Losses,
damages, costs, and expenses (including all reasonable fees, disbursements, and expenses of counsel, experts, and consultants and
costs of investigation and feasibility studies), fines, penalties, sanctions, and interest incurred as a result of any claim or
demand by any other Person or in response to any violation of Environmental Law, whether known or unknown, accrued or contingent,
whether based in contract, tort, implied or express warranty, strict liability, criminal or civil statute, to the extent based
upon, related to, or arising under or pursuant to any Environmental Law, Environmental Permit, Order, or Contract with any Governmental
Authority or other Person, that relates to any environmental, health or safety condition, violation of Environmental Law, or a
Release or threatened Release of Hazardous Materials.

 

“ERISA”
means the U.S. Employee Retirement Income Security Act of 1974, as amended.

 

“Escrow Agent”
means Continental Stock Transfer & Trust Company, in its capacity as the escrow agent under the Escrow Agreement or any other
escrow agent agreed to by the Purchaser and the Company prior to the Closing (or any successor escrow agent).

 

“Escrow Property”
means, at any given time, the securities and other property held by the Escrow Agent in the Escrow Account in accordance with the
terms and conditions of this Agreement and the Escrow Agreement, including the Escrow Shares and any dividends or distributions
paid or payable on the Escrow Shares, giving effect to any disbursements or payments from the Escrow Account.

 

“Exchange
Act” means the U.S. Securities Exchange Act of 1934, as amended.

 

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“Foreign
Plan” means any plan, fund (including any superannuation fund) or other similar program or arrangement established
or maintained outside the United States by the Company or any one or more of its Subsidiaries primarily for the benefit of employees
of the Company or any of its Subsidiaries residing outside the United States, which plan, fund or other similar program or arrangement
provides, or results in, retirement income, a deferral of income in contemplation of retirement or payments to be made upon termination
of employment, and which plan is not subject to ERISA or the Code.

 

“Fraud Claim”
means any claim based in whole or in part upon fraud, willful misconduct or intentional misrepresentation.

 

“GAAP”
means generally accepted accounting principles as in effect in the United States of America.

 

“Governmental
Authority” means any federal, state, local, foreign or other governmental, quasi-governmental or administrative body,
instrumentality, department or agency or any court, tribunal, administrative hearing body, arbitration panel, commission, regulatory
body or other similar regulatory or dispute-resolving panel or body.

 

“Hazardous
Material” means any waste, gas, liquid or other substance or material that is defined, listed or designated as a
“hazardous substance”, “pollutant”, “contaminant”, “hazardous waste”, “regulated
substance”, “hazardous chemical”, or “toxic chemical” (or by any similar term) under any Environmental
Law, or any other material regulated, or that could result in the imposition of Liability or responsibility, under any Environmental
Law, including petroleum and its by-products, asbestos, polychlorinated biphenyls, radon, mold, and urea formaldehyde insulation.

 

“Indebtedness”
of any Person means, without duplication, (a) all indebtedness of such Person for borrowed money (including the outstanding principal
and accrued but unpaid interest) (b) all obligations for the deferred purchase price of property or services (other than trade
payables and other expenses incurred in the ordinary course of business), (c) any other indebtedness of such Person that is evidenced
by a note, bond, debenture, credit agreement or similar instrument, (d) all obligations of such Person under leases that should
be classified as capital leases in accordance with GAAP, (e) all obligations of such Person for the reimbursement of any obligor
on any line or letter of credit, banker’s acceptance, guarantee or similar credit transaction, in each case, that has been
drawn or claimed against, (f) all obligations of such Person in respect of acceptances issued or created, (g) all interest rate
and currency swaps, caps, collars and similar agreements or hedging devices under which payments are obligated to be made by such
Person, whether periodically or upon the happening of a contingency, (h) all obligations secured by an Lien on any property of
such Person, (i) any premiums, prepayment fees or other penalties, fees, costs or expenses associated with payment of any Indebtedness
of such Person and (j) all obligation described in clauses (a) through (i) above of any other Person which is directly or indirectly
guaranteed by such Person or which such Person has agreed (contingently or otherwise) to purchase or otherwise acquire or in respect
of which it has otherwise assured a creditor against loss.

 

“Independent
Expert” means an independent (i.e., no prior material business relationship with any party for the prior two (2)
years) internationally recognized accounting firm that is mutually acceptable to the Purchaser Representative and the Seller Representative
acting reasonably; provided, that if the Independent Expert does not accept its appointment or if the Purchaser Representative
and the Seller Representative cannot agree on the Independent Expert, in either case within twenty (20) days after the Independent
Expert Notice Date, either the Purchaser Representative or the Seller Representative may require, by written notice to the other,
that the Independent Expert be selected by the New York City Regional Office of the AAA in accordance with the procedures of the
AAA. The parties agree that the Independent Expert will be deemed to be independent even though a Party or its Affiliates may,
in the future, designate the Independent Expert to resolve disputes of the types described in Section 1.4.

 

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“Intellectual
Property” means all of the following as they exist in any jurisdiction throughout the world: Patents, Trademarks,
Copyrights, Trade Secrets, Internet Assets, Software and other intellectual property, and all licenses, sublicenses and other agreements
or permissions related to the preceding property.

 

“Internet
Assets” means any all domain name registrations, web sites and web addresses and related rights, items and documentation
related thereto, and applications for registration therefor.

 

“IPO”
means the initial public offering of Purchaser Public Units pursuant to the IPO Prospectus.

 

“IPO Prospectus”
means the final prospectus of the Purchaser, dated as of August 15, 2018, and filed with the SEC on August 17, 2018 (File No. 333-226423).

 

“IPO Underwriter”
means EarlyBirdCapital, Inc., the lead underwriter in Purchaser’s IPO.

 

“Knowledge”
means, with respect to (i) the Company, the actual knowledge of the executive officers or directors of any Target Company, after
reasonable inquiry or (ii) any other Party, (A) if an entity, the actual knowledge of its directors and executive officers, after
reasonable inquiry, or (B) if a natural person, the actual knowledge of such Party after reasonable inquiry.

 

“Law”
means any federal, state, local, municipal, foreign or other law, statute, legislation, principle of common law, ordinance, code,
edict, decree, proclamation, treaty, convention, rule, regulation, directive, requirement, writ, injunction, settlement, Order
or Consent that is or has been issued, enacted, adopted, passed, approved, promulgated, made, implemented or otherwise put into
effect by or under the authority of any Governmental Authority.

 

“Liabilities”
means any and all liabilities, Indebtedness, Actions or obligations of any nature (whether absolute, accrued, contingent or otherwise,
whether known or unknown, whether direct or indirect, whether matured or unmatured, whether due or to become due and whether or
not required to be recorded or reflected on a balance sheet under GAAP or other applicable accounting standards), including Tax
liabilities due or to become due.

 

“Lien”
means any mortgage, pledge, security interest, attachment, right of first refusal, option, proxy, voting trust, encumbrance, lien
or charge of any kind (including any conditional sale or other title retention agreement or lease in the nature thereof), restriction
(whether on voting, sale, transfer, disposition or otherwise), any subordination arrangement in favor of another Person, any filing
or agreement to file a financing statement as debtor under the Uniform Commercial Code or any similar Law.

 

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“Material
Adverse Effect” means, with respect to any specified Person, any fact, event, occurrence, change or effect that has
had, or would reasonably be expected to have, individually or in the aggregate, a material adverse effect upon (a) the business,
assets, Liabilities, results of operations, prospects or condition (financial or otherwise) of such Person and its Subsidiaries,
taken as a whole, or (b) the ability of such Person or any of its Subsidiaries on a timely basis to consummate the transactions
contemplated by this Agreement or the Ancillary Documents to which it is a party or bound or to perform its obligations hereunder
or thereunder; provided, however, that for purposes of clause (a) above, any changes or effects directly or indirectly
attributable to, resulting from, relating to or arising out of the following (by themselves or when aggregated with any other,
changes or effects) shall not be deemed to be, constitute, or be taken into account when determining whether there has or may,
would or could have occurred a Material Adverse Effect: (i) general changes in the financial or securities markets or general economic
or political conditions in the country or region in which such Person or any of its Subsidiaries do business; (ii) changes, conditions
or effects that generally affect the industries in which such Person or any of its Subsidiaries principally operate; (iii) changes
in GAAP or other applicable accounting principles or mandatory changes in the regulatory accounting requirements applicable to
any industry in which such Person and its Subsidiaries principally operate; (iv) conditions caused by acts of God, terrorism, war
(whether or not declared) or natural disaster; (v) any failure in and of itself by such Person and its Subsidiaries to meet any
internal or published budgets, projections, forecasts or predictions of financial performance for any period (provided that the
underlying cause of any such failure may be considered in determining whether a Material Adverse Effect has occurred or would reasonably
be expected to occur to the extent not excluded by another exception herein) and (vi), with respect to the Purchaser, the consummation
and effects of any Redemption; provided further, however, that any event, occurrence, fact, condition, or change
referred to in clauses (i) - (iv) immediately above shall be taken into account in determining whether a Material Adverse Effect
has occurred or could reasonably be expected to occur to the extent that such event, occurrence, fact, condition, or change has
a disproportionate effect on such Person or any of its Subsidiaries compared to other participants in the industries in which such
Person or any of its Subsidiaries primarily conducts its businesses. Notwithstanding the foregoing, with respect to the Purchaser,
the amount of any Redemption or the failure to obtain the Required Shareholder Vote or, if sought by the Purchaser, an Extension
shall not be deemed to be a Material Adverse Effect on or with respect to the Purchaser.

 

“Nasdaq”
means the Nasdaq Capital Market.

 

“OFAC”
means the Office of Foreign Assets Control of the U.S. Treasury Department.

 

“Order”
means any order, decree, ruling, judgment, injunction, writ, determination, binding decision, verdict, judicial award or other
action that is or has been made, entered, rendered, or otherwise put into effect by or under the authority of any Governmental
Authority.

 

“Organizational
Documents” means, with respect to any Person, its certificate or incorporation and bylaws, memorandum and articles
of association or similar organizational documents, in each case, as amended.

 

“Patents”
means any patents, patent applications and the inventions, designs and improvements described and claimed therein, patentable inventions,
and other patent rights (including any divisionals, provisionals, continuations, continuations-in-part, substitutions, or reissues
thereof, whether or not patents are issued on any such applications and whether or not any such applications are amended, modified,
withdrawn, or refiled).

 

“PCAOB”
means the U.S. Public Company Accounting Oversight Board (or any successor thereto).

 

“Permits”
means all federal, state, local or foreign or other third-party permits, grants, easements, consents, approvals, authorizations,
exemptions, licenses, franchises, concessions, ratifications, permissions, clearances, confirmations, endorsements, waivers, certifications,
designations, ratings, registrations, qualifications or orders of any Governmental Authority or any other Person.

 

“Permitted
Liens” means (a) Liens for Taxes or assessments and similar governmental charges or levies, which either are (i)
not delinquent or (ii) being contested in good faith and by appropriate proceedings, and adequate reserves have been established
with respect thereto, (b) other Liens imposed by operation of Law arising in the ordinary course of business for amounts which
are not due and payable and as would not in the aggregate materially adversely affect the value of, or materially adversely interfere
with the use of, the property subject thereto, (c) Liens incurred or deposits made in the ordinary course of business in connection
with social security, (d) Liens on goods in transit incurred pursuant to documentary letters of credit, in each case arising in
the ordinary course of business, or (v) Liens arising under this Agreement or any Ancillary Document.

 

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“Person”
means an individual, corporation, partnership (including a general partnership, limited partnership or limited liability partnership),
limited liability company, association, trust or other entity or organization, including a government, domestic or foreign, or
political subdivision thereof, or an agency or instrumentality thereof.

 

“Personal
Property” means any machinery, equipment, tools, vehicles, furniture, leasehold improvements, office equipment, plant,
parts and other tangible personal property.

 

“PRC”
means the People’s Republic of China.

 

“Purchaser
Adjusted Net Income” means with respect to any designated period of time, the amount of consolidated net income of
Purchaser and its Subsidiaries, including the Target Companies, on a consolidated basis, for such period, as determined in accordance
with the Accounting Principles, consistently applied, but subject to such modifications and adjustments as set forth on Annex
II hereto.

 

“Purchaser
Charter” means the Amended and Restated Memorandum and Articles of Association of Purchaser, as amended and in effect
on the date hereof.

 

“Purchaser
Confidential Information” means all confidential or proprietary documents and information concerning the Purchaser
or any of its Representatives; provided, however, that Purchaser Confidential Information shall not include any information
which, (i) at the time of disclosure by any Company Party, any Seller or any of their respective Representatives, is generally
available publicly and was not disclosed in breach of this Agreement or (ii) at the time of the disclosure by the Purchaser or
its Representatives to any Company Party, any Seller or any of their respective Representatives, was previously known by such receiving
party without violation of Law or any confidentiality obligation by the Person receiving such Purchaser Confidential Information.
For the avoidance of doubt, from and after the Closing, Purchaser Confidential Information will include the confidential or proprietary
information of the Target Companies.

 

“Purchaser
Ordinary Share” means an ordinary share, par value $0.0001 per share, of the Purchaser, along with any equity securities
paid as dividends or distributions after the Closing with respect to such shares or into which such shares are exchanged or converted
after the Closing.

 

“Purchaser
Private Warrant” means a warrant that was issued in a private placement to the Sponsor by the Purchaser at the time
of the consummation of the IPO, entitling the holder thereof to purchase one-half (1⁄2) of a Purchaser Ordinary Share at a
purchase price of $5.75 per half Purchaser Ordinary Share (or $11.50 per whole Purchaser Ordinary Share).

 

“Purchaser
Public Right” means one right that was included as part of each Purchaser Public Unit entitling the holder thereof
to receive one-tenth (1/10th) of a Purchaser Ordinary Share upon the consummation by Purchaser of its Business Combination.

 

“Purchaser
Public Unit” means a unit issued in the IPO consisting of one (1) Purchaser Ordinary Share, one (1) Purchaser Public
Warrant and one (1) Purchaser Public Right.

 

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“Purchaser
Public Warrant” means one warrant that was included as part of each Purchaser Public Unit entitling the holder thereof
to purchase one-half (1⁄2) of a Purchaser Ordinary Share at a purchase price of $5.75 per half Purchaser Ordinary Share (or
$11.50 per whole Purchaser Ordinary Share).

 

“Purchaser
Securities” means the Purchaser Public Units, the Purchaser Ordinary Shares, the Purchaser Public Warrants, and the
Purchaser Private Warrants, collectively.

 

“Purchaser
Share Price” means an amount equal to the VWAP of the Purchaser Ordinary Shares over the twenty (20) Trading Days
ending at the close of business on the principal securities exchange or securities market on which the Purchaser Ordinary Shares
are then traded immediately prior to the date of determination, as equitably adjusted for share splits, share dividends, combinations,
recapitalizations and the like after the date of this Agreement.

 

“Redemption
Price” means an amount equal to the price at which each Purchaser Ordinary Share is redeemed or converted from Public
Shareholders pursuant to the Closing Redemption (as equitably adjusted for share splits, share dividends, combinations, recapitalizations
and the like after the Closing).

 

“Release”
means any release, spill, emission, leaking, pumping, injection, deposit, disposal, discharge, dispersal, or leaching into the
indoor or outdoor environment, or into or out of any property.

 

“Remedial
Action” means all actions to (i) clean up, remove, treat, or in any other way address any Hazardous Material, (ii)
prevent the Release of any Hazardous Material so it does not endanger or threaten to endanger public health or welfare or the indoor
or outdoor environment, (iii) perform pre-remedial studies and investigations or post-remedial monitoring and care, or (iv) correct
a condition of noncompliance with Environmental Laws.

 

“Representative”
means, as to any Person, such Person’s Affiliates and the respective managers, directors, officers, employees, independent
contractors, consultants, advisors (including financial advisors, counsel and accountants), agents and other legal representatives
of such Person or its Affiliates.

 

“SEC”
means the U.S. Securities and Exchange Commission (or any successor Governmental Authority).

 

“Securities
Act” means the U.S. Securities Act of 1933, as amended.

 

“Software”
means any computer software programs, including all source code, object code, and documentation related thereto and all software
modules, tools and databases.

 

“Sponsor”
means TKK Symphony Sponsor 1, a Cayman Islands exempted company.

 

“Subsidiary”
means, with respect to any Person, any corporation, partnership, association or other business entity of which (i) if a corporation,
a majority of the total voting power of capital shares entitled (without regard to the occurrence of any contingency) to vote in
the election of directors, managers or trustees thereof is at the time owned or controlled, directly or indirectly, by that Person
or one or more of the other Subsidiaries of that Person or a combination thereof, or (ii) if a partnership, association or other
business entity, a majority of the partnership or other similar ownership interests thereof is at the time owned or controlled,
directly or indirectly, by any Person or one or more Subsidiaries of that Person or a combination thereof. For purposes hereof,
a Person or Persons will be deemed to have a majority ownership interest in a partnership, association or other business entity
if such Person or Persons will be allocated a majority of partnership, association or other business entity gains or losses or
will be or control the managing director, managing member, general partner or other managing Person of such partnership, association
or other business entity. A Subsidiary of a Person will also include any variable interest entity which is consolidated with such
Person under applicable accounting rules. Notwithstanding anything to the contrary contained herein, the WFOE, each VIE, each of
their respective Subsidiaries and each of the other entities (other than the Company) whose financial information is included in
the audited consolidated financial statements of the Company for the year ended December 31, 2018 shall be deemed to be Subsidiaries
of the Company for all purposes of this Agreement.

 

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“Target Company”
means each of the Company and its direct and indirect Subsidiaries (including any of the WFOE, either VIE and any of their respective
Subsidiaries).

 

“Tax Return”
means any return, declaration, report, claim for refund, information return or other documents (including any related or supporting
schedules, statements or information) filed or required to be filed in connection with the determination, assessment or collection
of any Taxes or the administration of any Laws or administrative requirements relating to any Taxes.

 

“Taxes”
means (a) all direct or indirect federal, state, local, foreign and other net income, gross income, gross receipts, sales, use,
value-added, ad valorem, transfer, franchise, profits, license, lease, service, service use, withholding, payroll, employment,
social security and related contributions due in relation to the payment of compensation to employees, excise, severance, stamp,
occupation, premium, property, windfall profits, alternative minimum, estimated, customs, duties or other taxes, fees, assessments
or charges of any kind whatsoever, together with any interest and any penalties, additions to tax or additional amounts with respect
thereto, (b) any Liability for payment of amounts described in clause (a) whether as a result of being a member of an affiliated,
consolidated, combined or unitary group for any period or otherwise through operation of law and (c) any Liability for the payment
of amounts described in clauses (a) or (b) as a result of any tax sharing, tax group, tax indemnity or tax allocation agreement
with, or any other express or implied agreement to indemnify, any other Person.

 

“Trade Secrets”
means any trade secrets, confidential business information, concepts, ideas, designs, research or development information, processes,
procedures, techniques, technical information, specifications, operating and maintenance manuals, engineering drawings, methods,
know-how, data, mask works, discoveries, inventions, modifications, extensions, improvements, and other proprietary rights (whether
or not patentable or subject to copyright, trademark, or trade secret protection).

 

“Trademarks”
means any trademarks, service marks, trade dress, trade names, brand names, internet domain names, designs, logos, or corporate
names (including, in each case, the goodwill associated therewith), whether registered or unregistered, and all registrations and
applications for registration and renewal thereof.

 

“Trading
Day” means any day on which Purchaser Ordinary Shares are actually traded on the principal securities exchange or
securities market on which the Purchaser Ordinary Shares are then traded.

 

“Trust Account”
means the trust account established by Purchaser with the proceeds from the IPO pursuant to the Trust Agreement in accordance with
the IPO Prospectus.

 

“Trust Agreement”
means that certain Investment Management Trust Account Agreement, dated as of August 15, 2018, as it may be amended, by and between
the Purchaser and the Trustee, as well as any other agreements entered into related to or governing the Trust Account.

 

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“Trustee”
means Continental Stock Transfer & Trust Company, in its capacity as trustee under the Trust Agreement.

 

“VIE Contracts”
means, collectively, the documents to be duly executed and delivered pursuant to Section 6.21 by all of the parties required
to be party thereto, the forms of which are attached hereto as Exhibit D.

 

“VIE Shareholders”
means the Persons who directly or indirectly own interests in either of the VIEs as set forth on Annex III hereto.

 

“VWAP”
means, for any security as of any date(s), the dollar volume-weighted average price for such security on the principal securities
exchange or securities market on which such security is then traded during the period beginning at 9:30:01 a.m., New York time,
and ending at 4:00:00 p.m., New York time, as reported by Bloomberg through its “HP” function (set to weighted average)
or, if the foregoing does not apply, the dollar volume-weighted average price of such security in the over-the-counter market on
the electronic bulletin board for such security during the period beginning at 9:30:01 a.m., New York time, and ending at 4:00:00
p.m., New York time, as reported by Bloomberg, or, if no dollar volume-weighted average price is reported for such security by
Bloomberg for such hours, the average of the highest closing bid price and the lowest closing ask price of any of the market makers
for such security as reported by OTC Markets Group Inc. If the VWAP cannot be calculated for such security on such date(s) on any
of the foregoing bases, the VWAP of such security on such date(s) shall be the fair market value as reasonably determined by reasonably
and in good faith by a majority of the disinterested independent directors of the board of directors (or equivalent governing body)
of the applicable issuer. All such determinations shall be appropriately adjusted for any share dividend, share split, share combination,
recapitalization or other similar transaction during such period.

 

12.2 Section
References. The following capitalized terms, as used in this Agreement, have the respective meanings given to them in the Section
as set forth below adjacent to such terms:

 

	Term	 	Section	 	Term	 	Section
	2019 Earnout Shares	 	1.4(a)	 	Closing Date	 	2.1
	2019 Earnout Target	 	1.4(a)	 	Closing Filing	 	6.12(b)
	2019 Earnout Year	 	1.4(a)	 	Closing Press Release	 	6.12(b)
	2020 Earnout Shares	 	1.4(a)	 	Closing Redemption	 	6.11(a)
	2020 Earnout Target	 	1.4(a)	 	Company	 	Preamble
	2020 Earnout Year	 	1.4(a)	 	Company Benefit Plan	 	4.19(a)
	AAA Procedures	 	11.4	 	Company Directors	 	6.16(a)
	Accounts Receivable	 	4.25	 	Company Disclosure Schedules	 	Article IV
	Acquisition Proposal	 	6.6(a)	 	Company Equity Valuation	 	1.2
	Aggregate Earnout Target	 	1.4(a)	 	Company Financials	 	4.7(a)
	Agreement	 	Preamble	 	Company IP	 	4.13(d)
	Alternative Earnout	 	1.4(a)	 	Company IP Licenses	 	4.13(a)
	Alternative Transaction	 	6.6(a)	 	Company Material Contract	 	4.12(a)
	Amended Charter	 	6.11(a)	 	Company Parties	 	Preamble
	Antitrust Laws	 	6.9(b)	 	Company Permits	 	4.10
	Basket	 	7.3(a)	 	Company Personal Property Leases	 	4.16
	Business Combination	 	10.1	 	Company Real Property Leases	 	4.15
	CFO	 	1.4(b)	 	Company Registered IP	 	4.13(a)
	Claim Notice	 	7.4(b)	 	CSRC	 	4.27(a)
	Closing	 	2.1	 	D&O Indemnified Persons	 	6.16(c)

 

    82

     

    

 

	Term	 	Section	 	Term	 	Section
	Data Protection Laws	 	4.13(f)	 	Post-Closing Purchaser Board	 	6.16(a)
	Dispute	 	11.4	 	PRC	 	Preamble
	Draft Audited Financial Statements	 	4.7(a)	 	PRC Establishment Documents	 	4.4(c)
	Earnout Period	 	1.4(a)	 	PRC Mergers and Acquisitions Rules	 	4.27(b)
	Earnout Shares	 	1.4(a)	 	PRC Overseas Investment and Listing Regulations	 	4.27(a)
	Earnout Statement	 	1.4(b)	 	PRC Target Company	 	4.4(c)
	Earnout Targets	 	1.4(a)	 	PRC Tax Bulletin No. 7	 	6.19(b)(ii)
	Earnout Year	 	1.4(a)	 	Pro Rata Share	 	1.2
	EGS	 	2.1	 	Proxy Statement	 	6.11(a)
	Employment Agreements	 	8.3(d)(vi)	 	Public Shareholders	 	10.1
	Enforceability Exceptions	 	3.2	 	Purchased Shares	 	1.1
	Environmental Permit	 	4.20(a)	 	Purchaser	 	Preamble
	Escrow Account	 	1.3(a)	 	Purchaser Director	 	6.16(a)
	Escrow Agreement	 	1.3(a)	 	Purchaser Disclosure Schedules	 	Article III
	Escrow Shares	 	1.3(a)	 	Purchaser Financials	 	3.6(b)
	Exchange Shares	 	1.2	 	Purchaser Material Contract	 	3.13(a)
	Expenses	 	9.3	 	Purchaser Representative	 	Preamble
	Expiration Date	 	1.3(b)	 	Redemption	 	3.5(b)
	Extension	 	6.3(a)	 	Registration Rights Agreement	 	Recitals
	Federal Securities Laws	 	6.11(b)	 	Related Person	 	4.21
	Final Audited Financial Statements	 	4.7(a)	 	Released Claims	 	10.1
	Glory Star HK	 	Recitals	 	Releasing Persons	 	10.2
	Horgos	 	Preamble	 	Representative Party	 	1.4(b)
	Incentive Plan	 	6.11(a)	 	Required Shareholder Vote	 	8.1(a)
	Indemnitee	 	7.2	 	Resolution Period	 	11.4
	Indemnitor	 	7.2	 	SAFE	 	4.27(a)
	Independent Expert Notice Date	 	1.4(b)	 	SEC Reports	 	3.6(a)
	Interim Balance Sheet Date	 	4.7(a)	 	Seller Representative	 	Preamble
	Interim Period	 	6.1(a)	 	Sellers	 	Preamble
	Lock-Up Agreement	 	Recitals	 	Shareholder Approval Matters	 	6.11(a)
	Lock-Up Seller	 	Recitals	 	Shareholder Meeting	 	6.11(a)
	Loss	 	7.2	 	Signing Filing	 	6.12(b)
	Management Reports	 	4.7(a)	 	Signing Press Release	 	6.12(b)
	Non-Competition Agreement	 	Recitals	 	Solicitation Documents	 	6.11(a)
	Non-Competition Seller	 	Recitals	 	Special Representations	 	7.1(a)
	Objection Statement	 	1.4(b)	 	Specified Courts	 	11.5
	Off-the-Shelf Software	 	4.13(a)	 	Termination Fee	 	9.4
	Offer to Purchase	 	6.11(a)	 	Third Party Claim	 	7.4(c)
	Outbound IP License	 	4.13(c)	 	Top Customer	 	4.23
	Outside Date	 	9.1(b)	 	Top Vendor	 	4.23
	Party(ies)	 	Preamble	 	VIEs	 	Preamble
	Pending Claims	 	1.3(b)	 	WFOE	 	Preamble
	PIPE Investment	 	6.20	 	Xing Cui Can	 	Preamble
	PIPE Shares	 	6.20	 	 	 	 

 

[REMAINDER OF PAGE INTENTIONALLY LEFT
BLANK; SIGNATURE PAGE FOLLOWS]

 

    83

     

    

 

IN WITNESS WHEREOF,
each Party hereto has caused this Agreement to be signed and delivered by its respective duly authorized officer as of the date
first written above.

 

	 	The Purchaser:
	 	 
	 	TKK SYMPHONY ACQUISITION CORPORATION
	 	 	 
	 	By: 	/s/ Sing Wang
	 	 	Name:  Sing Wang
	 	 	Title:  Chairman and CEO
	 	 	 
	 	The Purchaser Representative:
	 	 
	 	TKK SYMPHONY SPONSOR 1, solely in its capacity as the Purchaser Representative hereunder
	 	 	 
	 	By: 	/s/ Sing Wang
	 	 	Name:  Sing Wang
	 	 	Title:  Chairman and CEO

 

{Signature Page To Share Exchange
Agreement}

 

     

     

    

 

	 	The Company:
	 	 
	 	GLORY STAR NEW MEDIA GROUP LIMITED
	 	 	 
	 	By: 	/s/ Zhang Bing
	 	 	Name:  Zhang Bing
	 	 	Title:  Director
	 	 	 
	 	The WFOE:
	 	 
	 	GLORY STAR NEW MEDIA (BEIJING) TECHNOLOGY CO., LTD (耀世星辉新文娱(北京) 科技有限公司)
	 	 	 
	 	By: 	/s/ Zhang Bing
	 	 	Name:  Zhang Bing
	 	 	Title:  Director
	 	 	 
	 	The VIEs
	 	 
	 	HORGOS GLORY STAR MEDIA CO., LTD. (霍尔果斯耀世星辉文化传媒有限公司)
	 	 	 
	 	By: 	/s/ Zhang Bing
	 	 	Name:  Zhang Bing
	 	 	Title:  Director
	 	 	 
	 	XING CUI CAN INTERNATIONAL MEDIA (BEIJING) CO., LTD. (星璀璨国际传媒(北京)有限公司)
	 	 	 
	 	By: 	/s/ Zhang Bing
	 	 	Name:  Zhang Bing
	 	 	Title:  Director

 

{Signature Page To Share Exchange
Agreement}

 

     

     

    

 

	 	The Seller Representative:
	 	 
	 	/s/ Zhang Bing
	 	ZHANG BING, solely in his capacity as the Seller Representative hereunder
	 	 	 
	 	The Sellers:
	 	 
	 	HAPPY STARLIGHT LIMITED
	 	 	 
	 	By: 	/s/ Zhang Bing
	 	 	Name:  Zhang Bing
	 	 	Title:  Director
	 	 	 
	 	ENJOY STARLIGHT LIMITED
	 	 	 
	 	By: 	/s/ Lu Jia
	 	 	Name: Lu Jia
	 	 	Title: Director
	 	 	 
	 	FASHION STARLIGHT LIMITED
	 	 	 
	 	By: 	/s/ Zhang Ran
	 	 	Name: Zhang Ran
	 	 	Title: Director
	 	 	 
	 	WEALTH STARLIGHT LIMITED
	 	 	 
	 	By: 	/s/ Zhang Ronghui
	 	 	Name: Zhang Ronghui
	 	 	Title: Director
	 	 	 
	 	SPARKS STARLIGHT LIMITED
	 	 	 
	 	By: 	/s/ Zhang Yinghao
	 	 	Name: Zhang Yinghao
	 	 	Title: Director

 

{Signature Page To Share Exchange
Agreement}

 

     

     

    

 

	 	EVEREST STARLIGHT LIMITED
	 	 	 
	 	By: 	/s/ Xiao Jiangcong
	 	 	Name: Xiao Jiangcong 
	 	 	Title: Director
	 	 	 
	 	STAR TWINKLE LIMITED
	 	 	 
	 	By: 	/s/ Jin Hui
	 	 	Name: Jin Hui
	 	 	Title: Director
	 	 	 
	 	RICH STARLIGHT LIMITED
	 	 	 
	 	By: 	/s/ Lin Hui
	 	 	Name: Lin Hui 
	 	 	Title: Director
	 	 	 
	 	LILLY STARLIGHT LIMITED
	 	 	 
	 	By: 	/s/ Li Hanying
	 	 	Name: Li Hanyang
	 	 	Title: Director
	 	 	 
	 	ONE STARLIGHT LIMITED
	 	 	 
	 	By: 	/s/ He Yixing
	 	 	Name: He Yixing 
	 	 	Title: Director 
	 	 	 
	 	/s/ Xin Ailin
	 	Xin Ailin
	 	 	 
	 	CB MANAGEMENT ADVISORY LIMITED
	 	 	 
	 	By: 	/s/ Chan Yin Tsung
	 	 	Name: Chan Yin Tsung
	 	 	Title: Director 

 

{Signature Page To Share Exchange
Agreement}

 

     

     

    

 

ANNEX I

List of Sellers

 

	Seller Name	 	No. of Purchased Shares Held by Seller	 	 	Pro Rata Share	 
	Happy Starlight Limited	 	 	1,102,164	 	 	 	55.11	%
	Enjoy Starlight Limited	 	 	368,765	 	 	 	18.44	%
	Fashion Starlight Limited	 	 	145,246	 	 	 	7.26	%
	Wealth Starlight Limited	 	 	117,940	 	 	 	5.90	%
	Sparks Starlight Limited	 	 	102,915	 	 	 	5.15	%
	Everest Starlight Limited	 	 	75,471	 	 	 	3.77	%
	Star Twinkle Limited	 	 	22,254	 	 	 	1.11	%
	Rich Starlight Limited	 	 	21,560	 	 	 	1.08	%
	Lilly Starlight Limited	 	 	18,868	 	 	 	0.94	%
	One Starlight Limited	 	 	14,151	 	 	 	0.71	%
	Xin Ailin	 	 	6,666	 	 	 	0.33	%
	CB Management Advisory Limited	 	 	4,000	 	 	 	0.20	%
	TOTAL	 	 	2,000,000	 	 	 	100.00	%

 

     

     

    

 

ANNEX II

Calculation of Purchaser Adjusted Net Income

 

The consolidated net income of Purchaser
and its Subsidiaries shall be adjusted as follows to determine the Purchaser Adjusted Net Income used in connection with the determinations
of whether the Earnout Targets or the Alternative Earnout Target have been achieved and whether Earnout Shares will be issued under
Section 1.4 of the Agreement:

 

		1.	To deduct the following:

 

		(a)	Any income in respect of any extraordinary gains (such as from the sale of real property, investments,
securities or fixed assets) or any other extraordinary income;

 

		(b)	Any revenues attributable to a discontinued business; and

 

		(c)	Any revenues that are non-recurring and earned outside of the ordinary course of business.

 

		2.	To add back the following:

 

		(a)	Any expenses attributable to a discontinued business;

 

		(b)	Any contingent consideration fair value change as a result of the issuance of the Earnout Shares;
and

 

		(c)	Any share-based compensation expense.

 

		3.	If after the Closing and prior to the end of the Earnout Period, the Purchaser or its Subsidiaries
acquires another entity or business, then the Purchaser Adjusted Net Income shall be computed without taking into consideration
(a) the financial results of such acquired entity or business or (b) any impact such acquired entity or business would have on
the consolidated financial results of the Purchaser.

 

Any accounting term that is used herein
but not defined in the Agreement shall have the meaning normally ascribed to such term under GAAP.

 

     

     

    

 

ANNEX III

List of VIE Shareholders

 

Persons who, directly or indirectly, hold
shares in Horgos, including:

 

	1.	Xing Cui Can	 	8.	Jin Hui金晖;
	 	 	 	 	 
	2.	Zhang Bing 张兵;	 	9.	Li Hanying郦韩英;
	 	 	 	 	 
	3.	Lu Jia陆伽;	 	10.	Zhang Yinghao张颖豪;
	 	 	 	 	 
	4.	Zhang Ran张冉;	 	11.	Xiao Jiancong肖建聪;
	 	 	 	 	 
	5.	He Yixing贺一星;	 	12.	Liang Xianhong梁显宏; and
	 	 	 	 	 
	6.	Zhang Ronghui张荣辉;	 	13.	Everest Venture Capital Investment Co., Ltd.北京朗玛峰创业投资管理有限公司.
	 	 	 	 	 
	7.	Lin Hui林晖;	 	 	 

 

Persons who, directly or indirectly, hold
shares in Xing Cui Can, including:

 

	1.	Zhang Bing 张兵;	 	6.	Lin Hui林晖;
	 	 	 	 	 
	2.	Lu Jia陆伽;	 	7.	Jin Hui金晖;
	 	 	 	 	 
	3.	Zhang Ran张冉;	 	8.	Li Hanying郦韩英;
	 	 	 	 	 
	4.	He Yixing贺一星;	 	9.	Zhang Yinghao张颖豪; and
	 	 	 	 	 
	5.	Zhang Ronghui张荣辉;	 	10.	Xiao Jiancong肖建聪.Exhibit 10.2

 

Execution Copy

 

REGISTRATION
RIGHTS AGREEMENT

 

THIS REGISTRATION RIGHTS
AGREEMENT (this “Agreement”) is entered into as of September 6, 2019, by and among (i) TKK Symphony
Acquisition Corporation, a Cayman Islands exempted company, which will be known after the consummation of the transactions
contemplated by the Share Exchange Agreement (as defined below) as “Glory Star New Media Group Holdings Limited” (including
any successor entity thereto, “Purchaser”), (ii) TKK Symphony Sponsor 1, a Cayman Islands exempted
company, in the capacity under the Share Exchange Agreement as the Purchaser Representative (including any successor Purchaser
Representative appointed in accordance therewith, the “Purchaser Representative”), and (iii) the undersigned
parties listed as Investors on Exhibit A hereto (each, an “Investor” and collectively, the “Investors”).

 

WHEREAS, on
or about the date hereof, Purchaser, the Purchaser Representative and the Investors entered into that certain Share Exchange Agreement
(as amended from time to time in accordance with the terms thereof, the “Share Exchange Agreement”),
by and among Purchaser, the Purchaser Representative, Glory Star New Media Group Limited, a Cayman Islands exempted company (the
“Company”), Glory Star New Media (Beijing) Technology Co., Ltd. (耀世星辉新文娱(北京)科技有限公司),
a wholly foreign-owned enterprise limited liability company incorporated in the People’s Republic of China (“PRC”)
and indirectly wholly-owned by the Company, Xing Cui Can International Media (Beijing) Co., Ltd. (星璀璨国际传媒(北京)有限公司),
a limited liability company incorporated in the PRC, Horgos Glory Star Media Co., Ltd. (霍尔果斯耀世星辉文化传媒有限公司),
a limited liability company incorporated in the PRC, the Investors, and Zhang Bing, in the capacity as the Seller Representative
thereunder, pursuant to which, subject to the terms and conditions thereof, Purchaser will acquire from the Investors all of the
issued and outstanding equity interests of the Company in exchange for Purchaser Ordinary Shares, a portion of which will be set
aside in escrow and held in an escrow account in accordance with the terms and conditions of the Share Exchange Agreement and the
Escrow Agreement, and the potential right after the Closing (as defined in the Share Exchange Agreement) to receive additional
Purchaser Ordinary Shares as earnout consideration thereunder;

 

WHEREAS, in
connection with the consummation of the transactions contemplated by the Share Exchange Agreement, certain of the Investors (the
“Lock-Up Investors”) are entering into Lock-Up Agreements (as amended from time to time in accordance
with the terms thereof, the “Lock-Up Agreements”), with Purchaser and the Purchaser Representative, pursuant
to which each Lock-Up Investor has agreed not to transfer its Exchange Shares and Earnout Shares, if any, for a certain period
of time after the Closing (subject to earlier release upon certain events) or to transfer their Escrow Shares while such shares
are held in escrow under the Escrow Agreement; and

 

WHEREAS, the
parties desire to enter into this Agreement to provide the Investors with certain rights relating to the registration of the Exchange
Shares and the Earnout Shares, if any.

 

NOW, THEREFORE,
in consideration of the mutual covenants and agreements set forth herein, and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 

1.
DEFINITIONS. Any capitalized term used but not defined in this Agreement
will have the meaning ascribed to such term in the Share Exchange Agreement. The following capitalized terms used herein have
the following meanings:

 

“Agreement”
means this Agreement, as amended, restated, supplemented, or otherwise modified from time to time.

 

     

     

    

 

“Company”
is defined in the recitals to this Agreement.

 

“Demand
Registration” is defined in Section 2.1.1.

 

“Demanding
Holder” is defined in Section 2.1.1.

 

“Dispute”
is defined in Section 6.10.

 

“Founder
Registration Rights Agreement” means that certain Registration Rights Agreement, dated as of August 15, 2018, between
Purchaser and the investors named therein, as it may be amended in accordance with the terms thereof.

 

“Founder
Securities” means those securities included in the definition of “Registrable Securities” specified in
the Founder Registration Rights Agreement.

 

“Indemnified
Party” is defined in Section 4.3.

 

“Indemnifying
Party” is defined in Section 4.3.

 

“Investor(s)”
is defined in the preamble to this Agreement, and include any transferee of the Registrable Securities (so long as they remain
Registrable Securities) of an Investor permitted under this Agreement and with respect to a Lock-Up Investor, its Lock-Up Agreement.

 

“Investor
Indemnified Party” is defined in Section 4.1.

 

“IPO Underwriter
Securities” means the Ordinary Shares that were issued to EarlyBirdCapital, Inc. or its designees in connection with
Purchaser’s initial public offering, which are included in the definition of “Representative Securities” in the
Founder Registration Rights Agreement.

 

“Lock-Up
Agreements” is defined in the recitals to this Agreement.

 

“Lock-Up
Investors” is defined in the recitals to this Agreement.

 

“Maximum
Number of Shares” is defined in Section 2.1.4.

 

“Piggy-Back
Registration” is defined in Section 2.2.1.

 

“Pro Rata”
is defined in Section 2.1.4.

 

“Proceeding”
is defined in Section 6.11.

 

“Purchaser”
is defined in the preamble to this Agreement, and shall include Purchaser’s successors by merger, acquisition, reorganization
or otherwise.

 

“Purchaser
Representative” is defined in the preamble to this Agreement.

 

“Register,”
“Registered” and “Registration” mean a registration effected by preparing and
filing a registration statement or similar document in compliance with the requirements of the Securities Act, and the applicable
rules and regulations promulgated thereunder, and such registration statement becoming effective.

 

    2

     

    

 

“Registrable
Securities” means all of the Exchange Shares (including any shares held in escrow as Escrow Shares) and any Earnout
Shares. Registrable Securities include any warrants, share capital or other securities of Purchaser issued as a dividend or other
distribution with respect to or in exchange for or in replacement of such Exchange Shares or Earnout Shares. As to any particular
Registrable Securities, such securities shall cease to be Registrable Securities when: (a) a Registration Statement with respect
to the sale of such securities shall have become effective under the Securities Act and such securities shall have been sold, transferred,
disposed of or exchanged in accordance with such Registration Statement; (b) such securities shall have been otherwise transferred,
new certificates for them not bearing a legend restricting further transfer shall have been delivered by Purchaser and subsequent
public distribution of them shall not require registration under the Securities Act; (c) such securities shall have ceased to be
outstanding or (d) the Registrable Securities are freely saleable under Rule 144 without volume limitations. Notwithstanding anything
to the contrary contained herein, a Person shall be deemed to be an “Investor holding Registrable Securities” under
this Agreement only if they are an Investor or a transferee of the Registrable Securities (so long as they remain Registrable Securities)
of any Investor permitted under this Agreement and any applicable Lock-Up Agreement.

 

“Registration
Statement” means a registration statement filed by Purchaser with the SEC in compliance with the Securities Act and
the rules and regulations promulgated thereunder for a public offering and sale of equity securities, or securities or other obligations
exercisable or exchangeable for, or convertible into, equity securities (other than a registration statement on Form S-4, Form
F-4 or Form S-8, or their successors, or any registration statement covering only securities proposed to be issued in exchange
for securities or assets of another entity).

 

“Resolution
Period” is defined in Section 6.10.

 

“SEC”
means the United States Securities and Exchange Commission or any successor thereto.

 

“Share
Exchange Agreement” is defined in the recitals to this Agreement.

 

“Short
Form Registration” is defined in Section 2.3.

 

“Specified
Courts” is defined in Section 6.11.

 

“Underwriter”
means a securities dealer who purchases any Registrable Securities as principal in an underwritten offering and not as part of
such dealer’s market-making activities.

 

2.
REGISTRATION RIGHTS.

 

2.1 Demand Registration.

 

2.1.1 Request for
Registration. Subject to Section 2.4, at any time and from time to time after the
Closing Date, Investors holding a majority-in-interest of Registrable Securities then issued and outstanding may make a written
demand for registration under the Securities Act of all or part of their Registrable Securities (a “Demand Registration”).
Any demand for a Demand Registration shall specify the number of Registrable Securities proposed to be sold and the intended method(s)
of distribution thereof. Within thirty (30) days following receipt of any request for a Demand Registration, Purchaser will notify
all other Investors holding Registrable Securities of the demand, and each Investor holding Registrable Securities who wishes
to include all or a portion of such Investor’s Registrable Securities in the Demand Registration (each such Investor including
shares of Registrable Securities in such registration, a “Demanding Holder”) shall so notify Purchaser
within fifteen (15) days after the receipt by the Investor of the notice from Purchaser. Upon any such request, the Demanding
Holders shall be entitled to have their Registrable Securities included in the Demand Registration, subject to Section 2.1.4
and the provisos set forth in Section 3.1.1. Purchaser shall not be obligated to effect more than an aggregate of three
(3) Demand Registrations under this Section 2.1.1 in respect of all Registrable Securities. Notwithstanding anything in
this Section 2 to the contrary, Purchaser shall not be obligated to effect a Demand Registration, (i) if a Piggy-Back Registration
had been available to the Demanding Holder(s) within the one hundred twenty (120) days preceding the date of request for the Demand
Registration, (ii) within sixty (60) days after the effective date of a previous registration effected with respect to the Registrable
Securities pursuant this Section 2.1 or (iii) during any period (not to exceed one hundred eighty (180) days) following
the closing of the completion of an offering of securities by Purchaser if such Demand Registration would cause Purchaser to breach
a “lock-up” or similar provision contained in the underwriting agreement for such offering

 

    3

     

    

 

2.1.2 Effective Registration.
A registration will not count as a Demand Registration until the Registration Statement filed with the SEC with respect to such
Demand Registration has been declared effective and Purchaser has complied with all of its obligations under this Agreement with
respect thereto; provided, however, that if, after such Registration Statement has been declared effective, the offering of Registrable
Securities pursuant to a Demand Registration is interfered with by any stop order or injunction of the SEC or any other governmental
agency or court, the Registration Statement with respect to such Demand Registration will be deemed not to have been declared
effective, unless and until, (i) such stop order or injunction is removed, rescinded or otherwise terminated, and (ii) a majority-in-interest
of the Demanding Holders thereafter elect to continue the offering; provided, further, that Purchaser shall not be obligated to
file a second Registration Statement until a Registration Statement that has been filed is counted as a Demand Registration or
is terminated.

 

2.1.3 Underwritten
Offering. If a majority-in-interest of the Demanding Holders so elect and advise Purchaser as
part of their written demand for a Demand Registration, the offering of such Registrable Securities pursuant to such Demand Registration
shall be in the form of an underwritten offering. In such event, the right of any Demanding Holder to include its Registrable
Securities in such registration shall be conditioned upon such Demanding Holder’s participation in such underwriting and
the inclusion of such Demanding Holder’s Registrable Securities in the underwriting to the extent provided herein. All Demanding
Holders proposing to distribute their Registrable Securities through such underwriting shall enter into an underwriting agreement
in customary form with the Underwriter or Underwriters selected for such underwriting by a majority-in-interest of the Investors
initiating the Demand Registration.

 

2.1.4 Reduction of
Offering. If the managing Underwriter or Underwriters for a Demand Registration that is to be
an underwritten offering advises Purchaser and the Demanding Holders in writing that the dollar amount or number of Registrable
Securities which the Demanding Holders desire to sell, taken together with all other Purchaser Ordinary Shares or other securities
which Purchaser desires to sell and the Purchaser Ordinary Shares or other securities, if any, as to which registration by Purchaser
has been requested pursuant to written contractual piggy-back registration rights held by other security holders of Purchaser
who desire to sell, exceeds the maximum dollar amount or maximum number of shares that can be sold in such offering without adversely
affecting the proposed offering price, the timing, the distribution method, or the probability of success of such offering (such
maximum dollar amount or maximum number of shares, as applicable, the “Maximum Number of Shares”), then
Purchaser shall include in such registration: (i) first, the Registrable Securities as to which Demand Registration has been requested
by the Demanding Holders and the Founder Securities and IPO Underwriter Securities for the account of any Persons who have exercised
demand registration rights pursuant to the Founder Registration Rights Agreement during the period under which the Demand Registration
hereunder is ongoing (all pro rata in accordance with the number of securities that each applicable Person has requested be included
in such registration, regardless of the number of securities held by each such Person (such proportion is referred to herein as
“Pro Rata”)) that can be sold without exceeding the Maximum Number of Shares; (ii) second, to the extent
that the Maximum Number of Shares has not been reached under the foregoing clause (i), the Purchaser Ordinary Shares or other
securities that Purchaser desires to sell that can be sold without exceeding the Maximum Number of Shares; (iii) third, to the
extent that the Maximum Number of Shares has not been reached under the foregoing clauses (i) and (ii), collectively the Founder
Securities and the IPO Underwriter Securities, Pro Rata among the holders of Founder Securities and IPO Underwriter Securities
based on the number of Founder Securities and IPO Underwriter Securities requested by such holders to be included in such registration,
as to which registration has been requested pursuant to the applicable written contractual piggy-back registration rights of the
Founder Registration Rights Agreement that can be sold without exceeding the Maximum Number of Shares; and (iii) fourth, to the
extent that the Maximum Number of Shares has not been reached under the foregoing clauses (i), (ii) and (iii), the Purchaser Ordinary
Shares or other securities for the account of other Persons that Purchaser is obligated to register pursuant to written contractual
arrangements with such Persons and that can be sold without exceeding the Maximum Number of Shares. In the event that Purchaser
securities that are convertible into Purchaser Ordinary Shares are included in the offering, the calculations under this Section
2.1.4 shall include such Purchaser securities on an as-converted to Purchaser Ordinary Share basis.

 

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2.1.5 Withdrawal.
If a majority-in-interest of the Demanding Holders disapprove of the terms of any underwriting or are not entitled to include
all of their Registrable Securities in any offering, such majority-in-interest of the Demanding Holders may elect to withdraw
from such offering by giving written notice to Purchaser and the Underwriter or Underwriters of their request to withdraw prior
to the effectiveness of the Registration Statement filed with the SEC with respect to such Demand Registration. If the majority-in-interest
of the Demanding Holders withdraws from a proposed offering relating to a Demand Registration in such event, then such registration
shall not count as a Demand Registration provided for in Section 2.1.

 

2.2 Piggy-Back
Registration.

 

2.2.1 Piggy-Back
Rights. Subject to Section 2.4, if at any time after the Closing Date Purchaser
proposes to file a Registration Statement under the Securities Act with respect to an offering of equity securities, or securities
or other obligations exercisable or exchangeable for, or convertible into, equity securities, by Purchaser for its own account
or for security holders of Purchaser for their account (or by Purchaser and by security holders of Purchaser including pursuant
to Section 2.1), other than a Registration Statement (i) filed in connection with any employee share option or other benefit
plan, (ii) for an exchange offer or offering of securities solely to Purchaser’s existing shareholders, (iii) for an offering
of debt that is convertible into equity securities of Purchaser or (iv) for a dividend reinvestment plan, then Purchaser shall
(x) give written notice of such proposed filing to Investors holding Registrable Securities as soon as practicable but in no event
less than ten (10) days before the anticipated filing date, which notice shall describe the amount and type of securities to be
included in such offering, the intended method(s) of distribution, and the name of the proposed managing Underwriter or Underwriters,
if any, of the offering, and (y) offer to Investors holding Registrable Securities in such notice the opportunity to register
the sale of such number of Registrable Securities as such Investors may request in writing within five (5) days following receipt
of such notice (a “Piggy-Back Registration”). To the extent permitted by applicable securities laws
with respect to such registration by Purchaser or another demanding shareholder, Purchaser shall cause such Registrable Securities
to be included in such registration and shall use its best efforts to cause the managing Underwriter or Underwriters of a proposed
underwritten offering to permit the Registrable Securities requested to be included in a Piggy-Back Registration on the same terms
and conditions as any similar securities of Purchaser and to permit the sale or other disposition of such Registrable Securities
in accordance with the intended method(s) of distribution thereof. All Investors holding Registrable Securities proposing to distribute
their securities through a Piggy-Back Registration that involves an Underwriter or Underwriters shall enter into an underwriting
agreement in customary form with the Underwriter or Underwriters selected for such Piggy-Back Registration.

 

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2.2.2 Reduction of
Offering. If the managing Underwriter or Underwriters for a Piggy-Back Registration
that is to be an underwritten offering advises Purchaser and Investors holding Registrable Securities proposing to distribute
their Registrable Securities through such Piggy-Back Registration in writing that the dollar amount or number of Purchaser Ordinary
Shares or other Purchaser securities which Purchaser desires to sell, taken together with the Purchaser Ordinary Shares or other
Purchaser securities, if any, as to which registration has been demanded pursuant to written contractual arrangements with Persons
other than the Investors hereunder, the Registrable Securities as to which registration has been requested under this Section
2.2, and the Purchaser Ordinary Shares or other Purchaser securities, if any, as to which registration has been requested
pursuant to the written contractual piggy-back registration rights of other security holders of Purchaser, exceeds the Maximum
Number of Shares, then Purchaser shall include in any such registration:

 

(a)
If the registration is undertaken for Purchaser’s account: (i) first, the Purchaser Ordinary Shares or other securities
that Purchaser desires to sell that can be sold without exceeding the Maximum Number of Shares; (ii) second, to the extent that
the Maximum Number of Shares has not been reached under the foregoing clause (i), collectively the Founder Securities and the IPO
Underwriter Securities, Pro Rata among the holders of Founder Securities and IPO Underwriter Securities based on the number of
Founder Securities and IPO Underwriter Securities requested by such holders to be included in such registration, as to which registration
has been requested pursuant to the applicable written contractual piggy-back registration rights of the Founder Registration Rights
Agreement that can be sold without exceeding the Maximum Number of Shares; (iii) third, to the extent that the Maximum Number of
shares has not been reached under the foregoing clauses (i) and (ii), the Registrable Securities of Investors as to which registration
has been requested pursuant to this Section 2.2, Pro Rata among such Investors based on the number of Registrable Securities
requested by such Investors to be included in such registration, that can be sold without exceeding the Maximum Number of Shares;
and (iv) fourth, to the extent that the Maximum Number of Shares has not been reached under the foregoing clauses (i), (ii) and
(iii), the Purchaser Ordinary Shares or other securities for the account of other Persons that Purchaser is obligated to register
pursuant to written contractual arrangements with such Persons and that can be sold without exceeding the Maximum Number of Shares;

 

(b)
If the registration is a “demand” registration undertaken at the demand of holders of Founder Securities, (i)
first, the Founder Securities for the account of the demanding holders, Pro Rata among such holders based on the number of Founder
Securities requested by such holders to be included in such registration, that can be sold without exceeding the Maximum Number
of Shares; (ii) second, to the extent that the Maximum Number of Shares has not been reached under the foregoing clause (i), the
Purchaser Ordinary Shares or other securities that Purchaser desires to sell that can be sold without exceeding the Maximum Number
of Shares; (iii) third, to the extent that the Maximum Number of Shares has not been reached under the foregoing clauses (i) and
(ii), the IPO Underwriter Securities, Pro Rata among the holders of IPO Underwriter Securities based on the number of IPO Underwriter
Securities requested by such holders to be included in such registration, as to which registration has been requested pursuant
to the applicable written contractual piggy-back registration rights of the Founder Registration Rights Agreement that can be sold
without exceeding the Maximum Number of Shares; (iv) fourth, to the extent that the Maximum Number of Shares has not been reached
under the foregoing clauses (i), (ii) and (iii), the Registrable Securities of Investors as to which registration has been requested
pursuant to this Section 2.2, Pro Rata among such Investors based on the number of Registrable Securities requested by such
Investors to be included in such registration, that can be sold without exceeding the Maximum Number of Shares; and (v) fifth,
to the extent that the Maximum Number of Shares has not been reached under the foregoing clauses (i), (ii), (iii) and (iv), the
Purchaser Ordinary Shares or other securities for the account of other Persons that Purchaser is obligated to register pursuant
to written contractual arrangements with such Persons and that can be sold without exceeding the Maximum Number of Shares; and

 

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(c)
If the registration is a “demand” registration undertaken at the demand of holders of IPO Underwriter Securities,
(i) first, the IPO Underwriter Securities for the account of the demanding holders, Pro Rata among such holders based on the number
of IPO Underwriter Securities requested by such holders to be included in such registration, that can be sold without exceeding
the Maximum Number of Shares; (ii) second, to the extent that the Maximum Number of Shares has not been reached under the foregoing
clause (i), the Purchaser Ordinary Shares or other securities that Purchaser desires to sell that can be sold without exceeding
the Maximum Number of Shares; (iii) third, to the extent that the Maximum Number of Shares has not been reached under the foregoing
clauses (i) and (ii), the Founder Securities, Pro Rata among the holders of Founder Securities based on the number of Founder Securities
requested by such holders to be included in such registration, as to which registration has been requested pursuant to the applicable
written contractual piggy-back registration rights of the Founder Registration Rights Agreement that can be sold without exceeding
the Maximum Number of Shares; (iv) fourth, to the extent that the Maximum Number of Shares has not been reached under the foregoing
clauses (i), (ii) and (iii), the Registrable Securities of Investors as to which registration has been requested pursuant to this
Section 2.2, Pro Rata among such Investors based on the number of Registrable Securities requested by such Investors to
be included in such registration, that can be sold without exceeding the Maximum Number of Shares; and (v) fifth, to the extent
that the Maximum Number of Shares has not been reached under the foregoing clauses (i), (ii), (iii) and (iv), the Purchaser Ordinary
Shares or other securities for the account of other Persons that Purchaser is obligated to register pursuant to written contractual
arrangements with such Persons and that can be sold without exceeding the Maximum Number of Shares; and

 

(d)
If the registration is a “demand” registration undertaken at the demand of Persons other than Investors holding
Registrable Securities or the holders of Founder Securities, (i) first, the Purchaser Ordinary Shares or other securities for the
account of such demanding Persons that can be sold without exceeding the Maximum Number of Shares; (ii) second, to the extent that
the Maximum Number of Shares has not been reached under the foregoing clause (i), the Purchaser Ordinary Shares or other securities
that Purchaser desires to sell that can be sold without exceeding the Maximum Number of Shares; (iii) third, to the extent that
the Maximum Number of Shares has not been reached under the foregoing clauses (i) and (ii), collectively the Founder Securities
and the IPO Underwriter Securities, Pro Rata among the holders of Founder Securities and IPO Underwriter Securities based on the
number of Founder Securities and IPO Underwriter Securities requested by such holders to be included in such registration, as to
which registration has been requested pursuant to the applicable written contractual piggy-back registration rights of the Founder
Registration Rights Agreement that can be sold without exceeding the Maximum Number of Shares; (iv) fourth, to the extent that
the Maximum Number of Shares has not been reached under the foregoing clauses (i), (ii) and (iii), the Registrable Securities of
Investors as to which registration has been requested pursuant to this Section 2.2, Pro Rata among such Investors based
on the number of Registrable Securities requested by such Investors to be included in such registration, that can be sold without
exceeding the Maximum Number of Shares; and (v) fifth, to the extent that the Maximum Number of Shares has not been reached under
the foregoing clauses (i), (ii), (iii) and (iv), the Purchaser Ordinary Shares or other securities for the account of other Persons
that Purchaser is obligated to register pursuant to written contractual arrangements with such Persons and that can be sold without
exceeding the Maximum Number of Shares.

 

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In the event that Purchaser
securities that are convertible into Purchaser Ordinary Shares are included in the offering, the calculations under this Section
2.2.2 shall include such Purchaser securities on an as-converted to Purchaser Ordinary Share basis. Notwithstanding anything
to the contrary above, to the extent that the registration of the Investor’s Registrable Securities would prevent Purchaser
or the demanding shareholders from effecting such registration and offering, the Investors shall not be permitted to exercise PiggyBack
Registration rights with respect to such registration and offering.

 

2.2.3 Withdrawal.
Any Investor holding Registrable Securities may elect to withdraw such Investor’s request for inclusion of Registrable Securities
in any Piggy-Back Registration by giving written notice to Purchaser of such request to withdraw prior to the effectiveness of
the Registration Statement. Purchaser (whether on its own determination or as the result of a withdrawal by Persons making a demand
pursuant to written contractual obligations) may withdraw a Registration Statement at any time prior to the effectiveness of such
Registration Statement without any liability to the applicable Investor, subject to the next sentence and the provisions of Section
4. Notwithstanding any such withdrawal, Purchaser shall pay all expenses incurred in connection with such Piggy-Back Registration
as provided in Section 3.3 by Investors holding Registrable Securities that requested to have their Registrable Securities
included in such Piggy-Back Registration.

 

2.3 Short Form
Registration. After the Closing Date, subject to Section 2.4, Investors holding Registrable
Securities may at any time and from time to time, request in writing that Purchaser register the resale of any or all of such
Registrable Securities on Form S-3 or F-3 or any similar short-form registration which may be available at such time (“Short
Form Registration”); provided, however, that Purchaser shall not be obligated to effect such request through
an underwritten offering. Upon receipt of such written request, Purchaser will promptly give written notice of the proposed registration
to all other Investors holding Registrable Securities, and, as soon as practicable thereafter, effect the registration of all
or such portion of such Investors’ Registrable Securities as are specified in such request, together with all or such portion
of the Registrable Securities, if any, of any other Investors joining in such request as are specified in a written request given
within fifteen (15) days after receipt of such written notice from Purchaser; provided, however, that Purchaser shall not be obligated
to effect any such registration pursuant to this Section 2.3: (i) if Short Form Registration is not available to Purchaser
for such offering; or (ii) if Investors holding Registrable Securities, together with the holders of any other securities of Purchaser
entitled to inclusion in such registration, propose to sell Registrable Securities and such other securities (if any) at any aggregate
price to the public of less than $1,000,000. Registrations effected pursuant to this Section 2.3 shall not be counted as
Demand Registrations effected pursuant to Section 2.1.

 

2.4 Restriction
of Offerings. Notwithstanding anything to the contrary contained in this Agreement, the Investors shall not be entitled to
request, and Purchaser shall not be obligated to effect, or to take any action to effect, any registration (including any Demand
Registration or Piggy-Back Registration) pursuant to this Section 2 with respect to any Registrable Securities (i) held
by a Lock-Up Investor during the Lock-Up Period (as such term is defined in such Lock-Up Investor’s Lock-Up Agreement), (ii)
that are Escrow Shares while they are held in the Escrow Account in accordance with the Escrow Agreement and not distributed to
the Investors, or (iii) that are Earnout Shares until they are actually issued by Purchaser to the Investors under the Share Exchange
Agreement.

 

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3.
REGISTRATION PROCEDURES.

 

3.1 Filings; Information.
Whenever Purchaser is required to effect the registration of any Registrable Securities pursuant to Section 2, Purchaser
shall use its best efforts to effect the registration and sale of such Registrable Securities in accordance with the intended
method(s) of distribution thereof as expeditiously as practicable, and in connection with any such request:

 

3.1.1 Filing Registration
Statement. Purchaser shall use its best efforts to, as expeditiously as possible after receipt
of a request for a Demand Registration pursuant to Section 2.1, prepare and file with the SEC a Registration Statement
on any form for which Purchaser then qualifies or which counsel for Purchaser shall deem appropriate and which form shall be available
for the sale of all Registrable Securities to be registered thereunder in accordance with the intended method(s) of distribution
thereof, and shall use its best efforts to cause such Registration Statement to become effective and use its best efforts to keep
it effective for the period required by Section 3.1.3; provided, however, that Purchaser shall have the right
to defer any Demand Registration for up to ninety (90) days, and any Piggy-Back Registration for such period as may be applicable
to deferment of any demand registration to which such Piggy-Back Registration relates, in each case if Purchaser shall furnish
to Investor requesting to include their Registrable Securities in such registration a certificate signed by the President, Chief
Executive Officer or Chairman of Purchaser stating that, in the good faith judgment of the Board of Directors of Purchaser, it
would be materially detrimental to Purchaser and its shareholders for such Registration Statement to be effected at such time;
provided further, however, that Purchaser shall not have the right to exercise the right set forth in the immediately preceding
proviso more than once in any 365-day period in respect of a Demand Registration hereunder.

 

3.1.2 Copies.
Purchaser shall, prior to filing a Registration Statement or prospectus, or any amendment or supplement thereto, furnish without
charge to Investors holding Registrable Securities included in such registration, and such Investors’ legal counsel, copies
of such Registration Statement as proposed to be filed, each amendment and supplement to such Registration Statement (in each
case including all exhibits thereto and documents incorporated by reference therein), the prospectus included in such Registration
Statement (including each preliminary prospectus), and such other documents as Investors holding Registrable Securities included
in such registration or legal counsel for any such Investors may request in order to facilitate the disposition of the Registrable
Securities owned by such Investors.

 

3.1.3 Amendments
and Supplements. Purchaser shall prepare and file with the SEC such amendments, including post-effective
amendments, and supplements to such Registration Statement and the prospectus used in connection therewith as may be necessary
to keep such Registration Statement effective and in compliance with the provisions of the Securities Act until all Registrable
Securities and other securities covered by such Registration Statement have been disposed of in accordance with the intended method(s)
of distribution set forth in such Registration Statement or such securities have been withdrawn or until such time as the Registrable
Securities cease to be Registrable Securities as defined by this Agreement.

 

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3.1.4 Notification.
After the filing of a Registration Statement, Purchaser shall promptly, and in no event more than three (3) Business Days after
such filing, notify Investors holding Registrable Securities included in such Registration Statement of such filing, and shall
further notify such Investors promptly and confirm such advice in writing in all events within three (3) Business Days after the
occurrence of any of the following: (i) when such Registration Statement becomes effective; (ii) when any post-effective amendment
to such Registration Statement becomes effective; (iii) the issuance or threatened issuance by the SEC of any stop order (and
Purchaser shall take all actions required to prevent the entry of such stop order or to remove it if entered); and (iv) any request
by the SEC for any amendment or supplement to such Registration Statement or any prospectus relating thereto or for additional
information or of the occurrence of an event requiring the preparation of a supplement or amendment to such prospectus so that,
as thereafter delivered to the purchasers of the securities covered by such Registration Statement, such prospectus will not contain
an untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the
statements therein not misleading, and promptly make available to Investors holding Registrable Securities included in such Registration
Statement any such supplement or amendment; except that before filing with the SEC a Registration Statement or prospectus or any
amendment or supplement thereto, Purchaser shall furnish to Investors holding Registrable Securities included in such Registration
Statement and to the legal counsel for any such Investors, copies of all such documents proposed to be filed sufficiently in advance
of filing to provide such Investors and legal counsel with a reasonable opportunity to review such documents and comment thereon,
and Purchaser shall not file any Registration Statement or prospectus or amendment or supplement thereto, to which such Investors
or their legal counsel shall object.

 

3.1.5 State Securities
Laws Compliance. Purchaser shall use its best efforts to (i) register or qualify the Registrable
Securities covered by the Registration Statement under such securities or “blue sky” laws of such jurisdictions in
the United States as Investors holding Registrable Securities included in such Registration Statement (in light of their intended
plan of distribution) may reasonably request and (ii) take such action necessary to cause such Registrable Securities covered
by the Registration Statement to be registered with or approved by such other governmental authorities as may be necessary by
virtue of the business and operations of Purchaser and do any and all other acts and things that may be necessary or advisable
to enable Investors holding Registrable Securities included in such Registration Statement to consummate the disposition of such
Registrable Securities in such jurisdictions; provided, however, that Purchaser shall not be required to qualify
generally to do business in any jurisdiction where it would not otherwise be required to qualify but for this paragraph or take
any action to which it would be subject to general service of process or taxation in any such jurisdiction where it is not then
otherwise subject.

 

3.1.6 Agreements
for Disposition. Purchaser shall enter into customary agreements (including, if applicable,
an underwriting agreement in customary form) and take such other actions as are reasonably required in order to expedite or facilitate
the disposition of such Registrable Securities. The representations, warranties and covenants of Purchaser in any underwriting
agreement which are made to or for the benefit of any Underwriters, to the extent applicable, shall also be made to and for the
benefit of Investors holding Registrable Securities included in such Registration Statement. No Investor holding Registrable Securities
included in such Registration Statement shall be required to make any representations or warranties in the underwriting agreement
except, if applicable, with respect to such Investor’s organization, good standing, authority, title to Registrable Securities,
lack of conflict of such sale with such Investor’s material agreements and organizational documents, and with respect to
written information relating to such Investor that such Investor has furnished in writing expressly for inclusion in such Registration
Statement.

 

3.1.7 Cooperation.
The principal executive officer of Purchaser, the principal financial officer of Purchaser, the principal accounting officer of
Purchaser and all other officers and members of the management of Purchaser shall cooperate fully in any offering of Registrable
Securities hereunder, which cooperation shall include the preparation of the Registration Statement with respect to such offering
and all other offering materials and related documents, and participation in meetings with Underwriters, attorneys, accountants
and potential investors.

 

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3.1.8 Records.
Purchaser shall make available for inspection by Investors holding Registrable Securities included in such Registration Statement,
any Underwriter participating in any disposition pursuant to such registration statement and any attorney, accountant or other
professional retained by any Investor holding Registrable Securities included in such Registration Statement or any Underwriter,
all financial and other records, pertinent corporate documents and properties of Purchaser, as shall be necessary to enable them
to exercise their due diligence responsibility, and cause Purchaser’s officers, directors and employees to supply all information
requested by any of them in connection with such Registration Statement.

 

3.1.9 Opinions and
Comfort Letters. Purchaser shall furnish to each Investor holding Registrable Securities included
in such Registration Statement a signed counterpart, addressed to such Investor, of (i) any opinion of counsel to Purchaser delivered
to any Underwriter and (ii) any comfort letter from Purchaser’s independent public accountants delivered to any Underwriter.
In the event no legal opinion is delivered to any Underwriter, Purchaser shall furnish to each Investor holding Registrable Securities
included in such Registration Statement, at any time that such Investor elects to use a prospectus, an opinion of counsel to Purchaser
to the effect that the Registration Statement containing such prospectus has been declared effective and that no stop order is
in effect.

 

3.1.10 Earnings Statement.
Purchaser shall comply with all applicable rules and regulations of the SEC and the Securities Act, and make available to its
shareholders, as soon as practicable, an earnings statement covering a period of twelve (12) months, which earnings statement
shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder.

 

3.1.11 Listing.
Purchaser shall use its best efforts to cause all Registrable Securities that are Purchaser Ordinary Shares included in any registration
to be listed on such exchanges or otherwise designated for trading in the same manner as similar securities issued by Purchaser
are then listed or designated or, if no such similar securities are then listed or designated, in a manner satisfactory to Investors
holding a majority-in-interest of the Registrable Securities included in such registration.

 

3.1.12 Road Show.
If the registration involves the registration of Registrable Securities involving gross proceeds in excess of $25,000,000, Purchaser
shall use its reasonable efforts to make available senior executives of Purchaser to participate in customary “road show”
presentations that may be reasonably requested by the Underwriter in any underwritten offering.

 

3.2 Obligation
to Suspend Distribution. Upon receipt of any notice from Purchaser of the happening of any event
of the kind described in Section 3.1.4(iv), or, in the case of a resale registration on Short Form Registration pursuant
to Section 2.3 hereof, upon any suspension by Purchaser, pursuant to a written insider trading compliance program adopted
by Purchaser’s Board of Directors, of the ability of all “insiders” covered by such program to transact in Purchaser’s
securities because of the existence of material non-public information, each Investor holding Registrable Securities included
in any registration shall immediately discontinue disposition of such Registrable Securities pursuant to the Registration Statement
covering such Registrable Securities until such Investor receives the supplemented or amended prospectus contemplated by Section
3.1.4(iv) or the restriction on the ability of “insiders” to transact in Purchaser’s securities is removed,
as applicable, and, if so directed by Purchaser, each such Investor will deliver to Purchaser all copies, other than permanent
file copies then in such Investor’s possession, of the most recent prospectus covering such Registrable Securities at the
time of receipt of such notice.

 

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3.3 Registration
Expenses. Subject to Section 4, Purchaser shall bear all costs and expenses incurred
in connection with any Demand Registration pursuant to Section 2.1, any Piggy-Back Registration pursuant to Section
2.2, and any registration on Short Form Registration effected pursuant to Section 2.3, and all expenses incurred in
performing or complying with its other obligations under this Agreement, whether or not the Registration Statement becomes effective,
including: (i) all registration and filing fees; (ii) fees and expenses of compliance with securities or “blue sky”
laws (including fees and disbursements of counsel in connection with blue sky qualifications of the Registrable Securities); (iii)
printing expenses; (iv) Purchaser’s internal expenses (including all salaries and expenses of its officers and employees);
(v) the fees and expenses incurred in connection with the listing of the Registrable Securities as required by Section 3.1.11;
(vi) Financial Industry Regulatory Authority fees; (vii) fees and disbursements of counsel for Purchaser and fees and expenses
for independent certified public accountants retained by Purchaser (including the expenses or costs associated with the delivery
of any opinions or comfort letters requested pursuant to Section 3.1.9); (viii) the fees and expenses of any special experts
retained by Purchaser in connection with such registration; and (ix) the reasonable fees and expenses of one legal counsel selected
by Investors holding a majority-in-interest of the Registrable Securities included in such registration. Purchaser shall have
no obligation to pay any underwriting discounts or selling commissions attributable to the Registrable Securities being sold by
the holders thereof, which underwriting discounts or selling commissions shall be borne by such holders. Additionally, in an underwritten
offering, all selling security holders and Purchaser shall bear the expenses of the Underwriter pro rata in proportion to the
respective amount of securities each is selling in such offering.

 

3.4 Information.
Investors holding Registrable Securities included in any Registration Statement shall provide such information as may reasonably
be requested by Purchaser, or the managing Underwriter, if any, in connection with the preparation of such Registration Statement,
including amendments and supplements thereto, in order to effect the registration of any Registrable Securities under the Securities
Act pursuant to Section 2 and in connection with the obligation to comply with federal and applicable state securities
laws.

 

4.
INDEMNIFICATION AND CONTRIBUTION.

 

4.1 Indemnification
by Purchaser. Purchaser agrees to indemnify and hold harmless each Investor, and each Investor’s
officers, employees, affiliates, directors, partners, members, attorneys and agents, and each Person, if any, who controls an
Investor (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act) (each, an “Investor
Indemnified Party”), from and against any expenses, losses, judgments, claims, damages or liabilities, whether joint
or several, arising out of or based upon any untrue statement of a material fact contained in any Registration Statement under
which the sale of such Registrable Securities was registered under the Securities Act, any preliminary prospectus, final prospectus
or summary prospectus contained in the Registration Statement, or any amendment or supplement to such Registration Statement,
or arising out of or based upon any omission to state a material fact required to be stated therein or necessary to make the statements
therein not misleading, or any violation by Purchaser of the Securities Act or any rule or regulation promulgated thereunder applicable
to Purchaser and relating to action or inaction required of Purchaser in connection with any such registration (provided, however,
that the indemnity agreement contained in this Section 4.1 shall not apply to amounts paid in settlement of any such claim,
loss, damage, liability or action if such settlement is effected without the consent of Purchaser, such consent not to be unreasonably
withheld, delayed or conditioned); and Purchaser shall promptly reimburse the Investor Indemnified Party for any legal and any
other expenses reasonably incurred by such Investor Indemnified Party in connection with investigating and defending any such
expense, loss, judgment, claim, damage, liability or action; provided, however, that Purchaser will not be liable
in any such case to the extent that any such expense, loss, claim, damage or liability arises out of or is based upon any untrue
statement or omission made in such Registration Statement, preliminary prospectus, final prospectus, or summary prospectus, or
any such amendment or supplement, in reliance upon and in conformity with information furnished to Purchaser, in writing, by such
selling holder expressly for use therein. Purchaser also shall indemnify any Underwriter of the Registrable Securities, their
officers, affiliates, directors, partners, members and agents and each Person who controls such Underwriter on substantially the
same basis as that of the indemnification provided above in this Section 4.1.

 

    12

     

    

 

4.2 Indemnification
by Holders of Registrable Securities. Each Investor selling Registrable Securities will, in
the event that any registration is being effected under the Securities Act pursuant to this Agreement of any Registrable Securities
held by such selling Investor, indemnify and hold harmless Purchaser, each of its directors and officers and each Underwriter
(if any), and each other selling holder and each other Person, if any, who controls another selling holder or such Underwriter
within the meaning of the Securities Act, against any losses, claims, judgments, damages or liabilities, whether joint or several,
insofar as such losses, claims, judgments, damages or liabilities (or actions in respect thereof) arise out of or are based upon
any untrue statement of a material fact contained in any Registration Statement under which the sale of such Registrable Securities
was registered under the Securities Act, any preliminary prospectus, final prospectus or summary prospectus contained in the Registration
Statement, or any amendment or supplement to the Registration Statement, or arise out of or are based upon any omission to state
a material fact required to be stated therein or necessary to make the statement therein not misleading, if the statement or omission
was made in reliance upon and in conformity with information furnished in writing to Purchaser by such selling Investor expressly
for use therein (provided, however, that the indemnity agreement contained in this Section 4.2 shall not apply to amounts
paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of
the indemnifying selling holder, such consent not to be unreasonably withheld, delayed or conditioned), and shall reimburse Purchaser,
its directors and officers, each Underwriter and each other selling holder or controlling Person for any legal or other expenses
reasonably incurred by any of them in connection with investigation or defending any such loss, claim, damage, liability or action.
Each selling Investor’s indemnification obligations hereunder shall be several and not joint and shall be limited to the
amount of any net proceeds actually received by such selling Investor.

 

4.3 Conduct of
Indemnification Proceedings. Promptly after receipt by any Person of any notice of any loss,
claim, damage or liability or any action in respect of which indemnity may be sought pursuant to Section 4.1 or 4.2,
such Person (the “Indemnified Party”) shall, if a claim in respect thereof is to be made against any
other Person for indemnification hereunder, notify such other Person (the “Indemnifying Party”) in writing
of the loss, claim, judgment, damage, liability or action; provided, however, that the failure by the Indemnified Party to notify
the Indemnifying Party shall not relieve the Indemnifying Party from any liability which the Indemnifying Party may have to such
Indemnified Party hereunder, except and solely to the extent the Indemnifying Party is actually prejudiced by such failure. If
the Indemnified Party is seeking indemnification with respect to any claim or action brought against the Indemnified Party, then
the Indemnifying Party shall be entitled to participate in such claim or action, and, to the extent that it wishes, jointly with
all other Indemnifying Parties, to assume control of the defense thereof with counsel satisfactory to the Indemnified Party. After
notice from the Indemnifying Party to the Indemnified Party of its election to assume control of the defense of such claim or
action, the Indemnifying Party shall not be liable to the Indemnified Party for any legal or other expenses subsequently incurred
by the Indemnified Party in connection with the defense thereof other than reasonable costs of investigation; provided, however,
that in any action in which both the Indemnified Party and the Indemnifying Party are named as defendants, the Indemnified Party
shall have the right to employ separate counsel (but no more than one such separate counsel) to represent the Indemnified Party
and its controlling Persons who may be subject to liability arising out of any claim in respect of which indemnity may be sought
by the Indemnified Party against the Indemnifying Party, with the fees and expenses of such counsel to be paid by such Indemnifying
Party if, based upon the written opinion of counsel of such Indemnified Party, representation of both parties by the same counsel
would be inappropriate due to actual or potential differing interests between them. No Indemnifying Party shall, without the prior
written consent of the Indemnified Party, consent to entry of judgment or effect any settlement of any claim or pending or threatened
proceeding in respect of which the Indemnified Party is or could have been a party and indemnity could have been sought hereunder
by such Indemnified Party, unless such judgment or settlement includes an unconditional release of such Indemnified Party from
all liability arising out of such claim or proceeding.

 

    13

     

    

 

4.4 Contribution.

 

4.4.1 If the indemnification
provided for in the foregoing Sections 4.1, 4.2 and 4.3 is unavailable to any Indemnified Party in respect
of any loss, claim, damage, liability or action referred to herein, then each such Indemnifying Party, in lieu of indemnifying
such Indemnified Party, shall contribute to the amount paid or payable by such Indemnified Party as a result of such loss, claim,
damage, liability or action in such proportion as is appropriate to reflect the relative fault of the Indemnified Parties and the
Indemnifying Parties in connection with the actions or omissions which resulted in such loss, claim, damage, liability or action,
as well as any other relevant equitable considerations. The relative fault of any Indemnified Party and any Indemnifying Party
shall be determined by reference to, among other things, whether the untrue statement of a material fact or the omission to state
a material fact relates to information supplied by such Indemnified Party or such Indemnifying Party and the parties’ relative
intent, knowledge, access to information and opportunity to correct or prevent such statement or omission.

 

4.4.2 The parties hereto
agree that it would not be just and equitable if contribution pursuant to this Section 4.4 were determined by pro rata allocation
or by any other method of allocation which does not take account of the equitable considerations referred to in the immediately
preceding Section 4.4.1.

 

4.4.3 The amount paid
or payable by an Indemnified Party as a result of any loss, claim, damage, liability or action referred to in the immediately preceding
paragraph shall be deemed to include, subject to the limitations set forth above, any legal or other expenses incurred by such
Indemnified Party in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this
Section 4.4, no holder of Registrable Securities shall be required to contribute any amount in excess of the dollar amount
of the net proceeds (after payment of any underwriting fees, discounts, commissions or taxes) actually received by such holder
from the sale of Registrable Securities which gave rise to such contribution obligation. No Person guilty of fraudulent misrepresentation
(within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty
of such fraudulent misrepresentation.

 

5.
UNDERWRITING AND DISTRIBUTION.

 

5.1 Rule 144.
Purchaser covenants that it shall file any reports required to be filed by it under the Securities Act and the Exchange Act and
shall take such further action as Investors holding Registrable Securities may reasonably request, all to the extent required
from time to time to enable such Investors to sell Registrable Securities without registration under the Securities Act within
the limitation of the exemptions provided by Rule 144 under the Securities Act, as such Rule may be amended from time to time,
or any similar rule or regulation hereafter adopted by the SEC.

 

6.
MISCELLANEOUS.

 

6.1 Other Registration
Rights. Purchaser represents and warrants that as of the date of this Agreement, no Person,
other than the holders of (i) the Registrable Securities, (ii) the Founder Securities and (iii) the IPO Underwriter Securities,
has any right to require Purchaser to register any of Purchaser’s share capital for sale or to include Purchaser’s
share capital in any registration filed by Purchaser for the sale of share capital for its own account or for the account of any
other Person.

 

    14

     

    

 

6.2 Assignment;
No Third Party Beneficiaries. This Agreement and the rights, duties and obligations of Purchaser
hereunder may not be assigned or delegated by Purchaser in whole or in part. This Agreement and the rights, duties and obligations
of Investors holding Registrable Securities hereunder may be freely assigned or delegated by such Investor in conjunction with
and to the extent of any transfer of Registrable Securities by such Investor. This Agreement and the provisions hereof shall be
binding upon and shall inure to the benefit of each of the parties, to the permitted assigns of the Investors or of any assignee
of the Investors. This Agreement is not intended to confer any rights or benefits on any Persons that are not party hereto other
than as expressly set forth in Article 4 and this Section 6.2. If the Purchaser Representative is replaced in accordance
with the terms of the Share Exchange Agreement, the replacement Purchaser Representative shall automatically become a party to
this Agreement as if it were the original Purchaser Representative hereunder.

 

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

 

	

If to the Purchaser Representative or, at or prior to the
        Closing, Purchaser, to:

 

        TKK Symphony Sponsor 1

        c/o Texas Kang Kai Capital Management (Hong Kong) Limited

        2039, 2/F United Center, 95 Queensway Admiralty, Hong Kong

        Attention: Sing Wang, Chairman and CEO

        Telephone No.: +852 3643 1693

        Email: sw@tkkcapital.com
	
        With a copy to (which shall not constitute notice):

         

        Ellenoff Grossman & Schole LLP

        1345 Avenue of the Americas, 11th Floor

        New York, New York 10105

        Attn: Stuart Neuhauser, Esq.

                   Matthew A. Gray, Esq.

        Facsimile No.: (212) 370-7889

        Telephone No.: (212) 370-1300

        Email: sneuhauser@egsllp.com

                   mgray@egsllp.com

         

        and

         

        Goodwin Procter

        Suite 2801, One Exchange Square

        8 Connaught Place, Central, Hong Kong

        Attn: Douglas Freeman, Esq.

                  Victor Chen, Esq.

        Facsimile No.: +852 2801 5515

        Telephone No.: +852 3658 5300

        Email: DFreeman@goodwinlaw.com

                   VChen@goodwinlaw.com

 

    15

     

    

 

	
        If to Purchaser after the Closing, to:

         

        Glory Star New Media Group
        Holdings Limited

        22nd Floor, Block B, Xinhua Technology Building,

        No. 8 Tuofangying Road,

        Chaoyang District, Beijing, China

        Attn: Zhang Bing, CEO and President

        Telephone No.: +86-13810355988

        Email: 81320382@qq.com
	
        With copies to (which shall not constitute notice):

         

        Lewis Brisbois Bisgaard & Smith LLP

        633 West 5th Street, Suite 4000

        Los Angeles, CA 90071

        Attention: Scott E. Bartel, Esq.

        Facsimile No.: (213) 250-7900

        Telephone No.: (213) 358-6174

        Email: scott.bartel@LewisBrisbois.com

         

        and

         

        the Purchaser Representative (and its copy for notices hereunder)

	 	 
	If to an Investor, to: the address set forth next to such Investor’s name on Exhibit A hereto.

 

6.4 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 term 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 that is valid and enforceable. Notwithstanding
anything to the contrary contained in this Agreement, in the event that an Investor identified on Exhibit A hereto or any
other Person receiving Exchange Shares in connection with the Closing or Earnout Shares does not sign and provide to Purchaser
a duly executed copy of this Agreement and, if applicable as a Lock-Up Investor, a Lock-Up Agreement, such Investor or other Person
failing to provide such signature shall not be a party to this Agreement or have any rights or obligations hereunder, but such
failure shall not affect the rights and obligations of the other parties to this Agreement as amongst such other parties.

 

6.5 Counterparts.
This Agreement may be executed in multiple counterparts (including by facsimile or pdf or other electronic document transmission),
each of which shall be deemed an original, and all of which taken together shall constitute one and the same instrument.

 

6.6 Entire Agreement.
This Agreement (together with the Share Exchange Agreement and the Lock-Up Agreements to the extent incorporated herein, and including
all agreements entered into pursuant hereto or thereto or referenced herein or therein and all certificates and instruments delivered
pursuant hereto and thereto) constitutes the entire agreement of the parties with respect to the subject matter hereof and supersedes
all prior and contemporaneous agreements, representations, understandings, negotiations and discussions between the parties, whether
oral or written, relating to the subject matter hereof; provided, that, for the avoidance of doubt, the foregoing shall
not affect the rights and obligations of the parties under the Share Exchange Agreement or any other Ancillary Document or the
rights or obligations of the parties under the Founder Registration Rights Agreement.

 

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

 

    16

     

    

 

6.8 Amendments;
Waivers. Any term of this Agreement may be amended and the observance of any term of this Agreement
may be waived (either generally or in a particular instance, and either retroactively or prospectively) only with the written
agreement or consent of Purchaser, the Purchaser Representative and Investors holding a majority-in-interest of the Registrable
Securities. No failure or delay by a party in exercising any right hereunder shall operate as a waiver thereof. No waivers of
or exceptions to any term, condition, or provision of this Agreement, in any one or more instances, shall be deemed to be or construed
as a further or continuing waiver of any such term, condition, or provision

 

6.9 Remedies Cumulative.
In the event a party fails to observe or perform any covenant or agreement to be observed or performed under this Agreement, the
other parties may proceed to protect and enforce its rights by suit in equity or action at law, whether for specific performance
of any term contained in this Agreement or for an injunction against the breach of any such term or in aid of the exercise of
any power granted in this Agreement or to enforce any other legal or equitable right, or to take any one or more of such actions,
without being required to post a bond. None of the rights, powers or remedies conferred under this Agreement shall be mutually
exclusive, and each such right, power or remedy shall be cumulative and in addition to any other right, power or remedy, whether
conferred by this Agreement or now or hereafter available at law, in equity, by statute or otherwise.

 

6.10 Arbitration.
Any and all disputes, controversies and claims (other than applications for a temporary restraining order, preliminary injunction,
permanent injunction or other equitable relief or application for enforcement of a resolution under this Section 6.10) arising
out of, related to, or in connection with this Agreement or the transactions contemplated hereby (a “Dispute”)
shall be governed by this Section 6.10. A party must, in the first instance, provide written notice of any Disputes to the
other parties subject to such Dispute, which notice must provide a reasonably detailed description of the matters subject to the
Dispute. The parties involved in such Dispute shall seek to resolve the Dispute on an amicable basis within ten (10) Business Days
of the notice of such Dispute being received by such other parties subject to such Dispute (the “Resolution Period”);
provided, that if any Dispute would reasonably be expected to have become moot or otherwise irrelevant if not decided within sixty
(60) days after the occurrence of such Dispute, then there shall be no Resolution Period with respect to such Dispute. Any Dispute
that is not resolved during the Resolution Period may immediately be referred to and finally resolved by arbitration pursuant to
the then-existing Expedited Procedures of the Commercial Arbitration Rules of the AAA. Any party involved in such Dispute may submit
the Dispute to the AAA to commence the proceedings after the Resolution Period. To the extent that the then-existing Expedited
Procedures of the Commercial Arbitration Rules of the AAA and this Agreement are in conflict, the terms of this Agreement shall
control. The arbitration shall be conducted by one arbitrator nominated by the AAA promptly (but in any event within five (5) Business
Days) after the submission of the Dispute to the AAA and reasonably acceptable to each party subject to the Dispute, which arbitrator
shall be a commercial lawyer with substantial experience arbitrating disputes under acquisition agreements and registration rights
agreements. The arbitrator shall accept his or her appointment and begin the arbitration process promptly (but in any event within
five (5) Business Days) after his or her nomination and acceptance by the parties subject to the Dispute. The proceedings shall
be streamlined and efficient. The arbitrator shall decide the Dispute in accordance with the substantive law of the state of New
York. Time is of the essence. Each party shall submit a proposal for resolution of the Dispute to the arbitrator within twenty
(20) days after confirmation of the appointment of the arbitrator. The arbitrator shall have the power to order any party to do,
or to refrain from doing, anything consistent with this Agreement, the Share Exchange Agreement and other Ancillary Documents and
applicable law, including to perform its contractual obligation(s); provided, that the arbitrator shall be limited to ordering
pursuant to the foregoing power (and, for the avoidance of doubt, shall order) the relevant party (or parties, as applicable) to
comply with only one or the other of the proposals. The arbitrator’s award shall be in writing and shall include a reasonable
explanation of the arbitrator's reason(s) for selecting one or the other proposal. The seat of arbitration shall be in New York
County, State of New York. The language of the arbitration shall be English.

 

    17

     

    

 

6.11 Governing Law;
Jurisdiction. This Agreement shall be governed by, construed and enforced in accordance with the laws of the State of New York
without regard to the conflict of laws principles thereof. Subject to Section 6.10, all actions, claims or other legal proceedings
arising out of or relating to this Agreement (a “Proceeding”) shall be heard and determined exclusively
in any state or federal court located in New York, New York (or in any appellate courts thereof) (the “Specified Courts”).
Subject to Section 6.10, each party hereto hereby (a) submits to the exclusive jurisdiction of any Specified Court for the
purpose of any Proceeding brought by any party hereto and (b) irrevocably waives, and agrees not to assert by way of motion, defense
or otherwise, in any such Proceeding, any claim that it is not subject personally to the jurisdiction of the above-named courts,
that its property is exempt or immune from attachment or execution, that the Proceeding is brought in an inconvenient forum, that
the venue of the Proceeding is improper, or that this Agreement or the transactions contemplated hereby may not be enforced in
or by any Specified Court. Each party agrees that a final judgment in any Proceeding shall be conclusive and may be enforced in
other jurisdictions by suit on the judgment or in any other manner provided by applicable Law. Each party irrevocably consents
to the service of the summons and complaint and any other process in any Proceeding, on behalf of itself, or its property, by personal
delivery of copies of such process to such party at the applicable address set forth in Section 6.3. Nothing in this Section
6.11 shall affect the right of any party to serve legal process in any other manner permitted by applicable Law.

 

6.12 WAIVER OF
TRIAL BY JURY. EACH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES THE RIGHT TO A TRIAL
BY JURY IN ANY ACTION, SUIT, COUNTERCLAIM OR OTHER PROCEEDING (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF, CONNECTED
WITH OR RELATING TO THIS AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREBY, OR THE ACTIONS OF THE INVESTORS IN THE NEGOTIATION,
ADMINISTRATION, PERFORMANCE OR ENFORCEMENT HEREOF.

 

6.13 Termination
of Share Exchange Agreement. This Agreement shall be binding upon each party upon such party’s execution and delivery
of this Agreement, but this Agreement shall only become effective upon the Closing. In the event that the Share Exchange Agreement
is validly terminated in accordance with its terms prior to the Closing, this Agreement shall automatically terminate and become
null and void and be of no further force or effect, and the parties shall have no obligations hereunder.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT
BLANK; SIGNATURE PAGES FOLLOW]

 

    18

     

    

IN WITNESS WHEREOF,
the parties have caused this Registration Rights Agreement to be executed and delivered as of the date first written above.

 

	 	Purchaser:
	 	 
	 	TKK SYMPHONY ACQUISITION CORPORATION
	 	 	 
	 	By: 	/s/ Sing Wang
	 	Name: 	Sing Wang
	 	Title: 	Chairman and CEO
	 	 	 
	 	The Purchaser Representative:
	 	 
	 	TKK SYMPHONY SPONSOR 1,
	 	in its capacity under the Share Exchange Agreement as the Purchaser Representative
	 	 	 
	 	By:	/s/ Sing Wang
	 	Name: 	Sing Wang
	 	Title:	Chairman and CEO

 

[Signature Page to Registration Rights
Agreement]

 

     

     

    

 

	 	Investors:
	 	 	 
	 	HAPPY STARLIGHT LIMITED
	 	 	 
	 	By:	/s/ Zhang Bing
	 	Name:	Zhang Bing
	 	Title:	Director
	 	 	 
	 	ENJOY STARLIGHT LIMITED
	 	 	 
	 	By:	/s/ Lu Jia
	 	Name:	Lu Jia
	 	Title:	Director
	 	 	 
	 	FASHION STARLIGHT LIMITED
	 	 	 
	 	By:	/s/ Zhang Ran
	 	Name:	Zhang Ran
	 	Title:	Director
	 	 	 
	 	WEALTH STARLIGHT LIMITED
	 	 	 
	 	By:	/s/ Zhang Ronghui
	 	Name:	Zhang Ronghui
	 	Title:	Director
	 	 	 
	 	SPARKS STARLIGHT LIMITED
	 	 	 
	 	By:	/s/ Zhang Yinghao
	 	Name:	Zhang Yinghao
	 	Title:	Director
	 	 	 
	 	EVEREST STARLIGHT LIMITED
	 	 	 
	 	By:	/s/ Xiao Jiancong
	 	Name:	Xiao Jiancong
	 	Title:	Director

 

[Signature Page to Registration Rights
Agreement]

 

     

     

    

 

	 	STAR TWINKLE LIMITED
	 	 	 
	 	By:	/s/ Jin Hui
	 	Name:	Jin Hui
	 	Title:	Director
	 	 	 
	 	RICH STARLIGHT LIMITED
	 	 	 
	 	By:	/s/ Lin Hui
	 	Name:	Lin Hui
	 	Title:	Director
	 	 	 
	 	LILLY STARLIGHT LIMITED
	 	 	 
	 	By:	/s/ Li Hanying
	 	Name:	Li Hanying
	 	Title:	Director
	 	 	 
	 	ONE STARLIGHT LIMITED
	 	 	 
	 	By:	/s/ He Yixing
	 	Name:	He Yixing
	 	Title:	Director
	 	 	 
	 	/s/ Xin Ailin
	 	Xin Ailin
	 	 	 
	 	CB MANAGEMENT ADVISORY LIMITED
	 	 	 
	 	By:	/s/ Chan Yin Tsung
	 	Name:	Chan Yin Tsung
	 	Title:	Director

 

[Signature Page to Registration Rights
Agreement]

 

     

     

    

 

EXHIBIT
A

Investors

 

	Name of Investor	 	Address of Investor
	Happy Starlight Limited	 	 
	Enjoy Starlight Limited	 	 
	Fashion Starlight Limited	 	 
	Wealth Starlight Limited	 	 
	Sparks Starlight Limited	 	 
	Everest Starlight Limited	 	 
	Star Twinkle Limited	 	 
	Rich Starlight Limited	 	 
	Lilly Starlight Limited	 	 
	One Starlight Limited	 	 
	Xin Ailin	 	 
	CB Management Advisory Limited	 	 

 

 

A-1

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