Document:

JMax
International Limited

 

(Register
No: 314935)

 

Suite
3209, 32/F, Office Tower, Convention Plaza, 1 Harbour Road, Wanchai, Hong Kong

 

DD
Dec 2017

 

Dear
,

 

We
have the pleasure to offer you the position of HR & Admin Supervisor of JMax International Limited (‘the Company’)
commencing on 1st December 2017 and the employment period is 2 years.

 

This
letter will serve as your letter of employment with the following terms and conditions:

 

1.
Compensation

 

Base
Salary: RMB ??? per month payable by 10th of the following month. Effective from 1st January , 2018

 

2.
Vacation

 

You
will be entitled to the vacation of 10 working days per calendar year in addition to customary paid holidays. If you have less
than 12-month company service as at year end, you will have a proportion of vacation entitlement calculated by reference to completed
month(s) of service during the relevant calendar year. Your vacation days will be adjusted according to your years of service,
the details of the vacation entitlement will be stated in the Employment Handbook.

 

3.
Staff Benefit

 

You
will be entitled to join the Staff Benefit Plans according to your years of service and/or the pre-assigned criteria by the Company.
The details of the benefit plans will be stated in the Employment Handbook or relevant booklet(s)/information which passed to
you separately. The Company may review or amend the benefit plans from time to time at its discretion and will keep you informed
by Human Resources Team if any change(s).

 

You
will entitle staff benefit as follow :

 

Holiday
benefit : As for major National Holiday (e.g. Chinese Spring Festival, the Dragon Boat Festival, the Mid-Autumn Festival in China)
you will be entitled to get the holiday welfare, the standard is USD100 every time after you serve more than 6 months and USD50
every time after you serve more than 2 months.

 

Overtime
meal allowance : OT working exceeding 90 minutes in normal working days entitled to one meal allowance, and another meal allowance
will be added for ever 4 hours after the first 90 minutes. OT working in weekends or holidays, one meal allowance will be given
for every 4 hours. The standardized meal allowance for OT is USD4 is per time

 

    	 

     

    

 

4.
Resignation/Termination of Employment

 

During
the first week of your probation period, your employment could be terminated at any time by the Company or by you without written
notice or payment in lieu. After the first week of your probation period and before employment confirmation, seven days’
written notice or payment in lieu is required by either parties in case of termination of employment. Upon confirmation and an
official letter being issued, the employment could be terminated by either parties by 1 month(s) written notice or payment in
lieu.

 

The
Company may at any time terminate this Agreement without notice or payment in lieu if you:

 

	 	●	Willfully
    disobey a lawful and reasonable order of the Company; 
	 	 	 
	 	●	Act
    in serious, willful or persistent breach of your responsibilities or Company’s policies; 
	 	 	 
	 	●	Are
    guilty of fraud, dishonesty or any criminal act or act made a false statement in your application for employment; 
	 	 	 
	 	●	Are
    guilty of misappropriation of Company funds; 
	 	 	 
	 	● 	Is
    habitually late or absent without permission and unable to give a satisfactory explanation or overstays leave without permission;
    
	 	 	 
	 	●	Become
    bankrupt or makes any arrangements or composition with your creditors or becomes of unsound mind or permanently incapacitated
    from performing your duties; 
	 	 	 
	 	●	Has
    other employment that has not been disclosed to the Company in circumstances that are detrimental to the interests of the
    Company.

 

5.
Confidentiality

 

Your
attention is drawn to the confidential nature of the Company’s business and at all times you are required to maintain such
confidentially. During this Agreement or at any time thereafter without the consent in writing of the Company being first obtained,
you shall not use for your own account or divulge to any person, firm or company any information concerning the business, products,
know-how, technology, accounts, finances, clients or customers of the Company or any of the secrets, dealings, transactions or
affairs of the Company and upon termination of this Agreement, you shall surrender to the Company all original and copy documents,
files, letters, computer files, samples or other items relation to any matter aforesaid.

 

6.
Exclusion From Other Business

 

You
must not during your employment with the Company directly or indirectly engage or concern in the conduct of any business other
than the Company’s business unless an advanced written consent by the Company.

 

7.
Conflict of Interest

 

Whilst
under the Company’s employment, you may not associate in the business with or be associated as an advisor for other trading
companies or our suppliers. Should you already hold a labor relations with other trading Companies or our suppliers, you must
disclose this interest to the Company. A conflict of interest, which is deliberate or pursued knowingly, is regarded as serious
misconduct and may result in summary dismissal.

 

    	 

     

    

 

8.
Rules & Regulations

 

In
addition to the terms and conditions in this letter, you shall observe and abide by all other existing rules and regulations of
the Company, including any addition and revision as laid down by the Company forms time to time.

 

9.
Modification of Terms

 

Any
terms of the Agreement may be modified by the mutual agreement of the parties and / or by any change in the standard Company’s
Rules and Regulations applicable to you during your employment with the Company.

 

10.
Applicable Law

 

The
contract of employment shall be subject to the laws of Hong Kong. Any dispute concerning the contract shall be submitted to the
competent Hong Kong court to the exclusion of all other jurisdictions.

 

Please
sign the original copies of this letter and return one copy to the Company indicating your acceptance of this offer.

 

Yours
Sincerely,

 

JMax
International Limited

 

___________________________________

Representative:

 

CEO
of JMax International Limited

 

Agreed
and accepted by:

 

_______________________________

Passport
No: ________________________FORM
OF SUBSCRIPTION AGREEMENT

SUBSCRIPTION
# _________

 

SUBSCRIPTION
AGREEMENT

 

This
SUBSCRIPTION AGREEMENT (the “Agreement”) is dated as of                 ,
2017 by and among JMax International Limited, a Cayman Islands corporation, (the “Company”), and the undersigned
individual (together with the undersigned’s purchaser representative, if any, the “Purchaser”).

 

RECITALS

 

WHEREAS,
the Company and the Purchaser are executing and delivering this Agreement in accordance with and in reliance upon the exemption
from securities registration afforded by Section 4(a)(2) of the Securities Act of 1933 (the “Securities Act”) and/or
Regulation S (“Regulation S”) as promulgated under the Securities Act;

 

WHEREAS,
the Company is offering ordinary shares, par value $0.01 per share, (the “Ordinary Stock”) at price of $0.01 per share
to the Purchaser;

 

WHEREAS,
the Company is offering an aggregate of up to 270,000,000 shares of Ordinary Stock to the Purchasers in

connection
with a private offering by the Company (the “Offering”);

 

WHEREAS,
the Purchaser is a “non-US person” as defined in Regulation S, acquiring the Shares solely for its own account for
the purpose of investment;

 

NOW,
THEREFORE, IN CONSIDERATION of the mutual covenants contained in this Agreement, and for other good and valuable consideration,
the receipt and adequacy of which are hereby acknowledged, the Company and the Purchaser hereby agree as follows:

 

    	 

    	 

    

 

ARTICLE
I

 

Purchase
and Sale of the Shares

 

Section
1.1 Purchase Price and Closing.

 

(a)
Subject to the terms and conditions hereof, the Company agrees to issue and sell to the Purchaser and, in consideration of and
in express reliance upon the representations, warranties, covenants, terms and conditions of this Agreement, the Purchaser agrees
to purchase for $0.01 per Share, such number of shares of Ordinary Stock (each a “Share” and collectively the
“Shares”) for an aggregate price of listed on the signature page hereto (the “Purchase Price”).

 

(b)
Subject to all conditions to closing being satisfied or waived, the closing of the purchase and sale of the Shares (the “Closing”)
shall take place at the offices of Hunter Taubman Fischer & Li LLC, the Company’s legal counsel, on the date of the
occurrence of completion of and receipt by the Company of the Purchase Price (the “Closing Date”).

 

(c)
Subject to the terms and conditions of this Agreement, at the Closing the Company shall deliver or cause to be delivered to the
Purchaser (i) a certificate for such number of Shares, and (ii) any other documents required to be delivered pursuant to this
Agreement. At the time of the Closing, the Purchaser shall have delivered its Purchase Price by wire transfer pursuant to the
wire information contained in this Agreement or by check.

 

ARTICLE
II

Representations
and Warranties

 

Section
2.1 Representations and Warranties of the Company and its Subsidiaries. The Company hereby represents and warrants to the
Purchaser on behalf of itself, its Subsidiaries (as hereinafter defined), as of the date hereof (except as set forth on the Schedule
of Exceptions attached hereto with each numbered Schedule corresponding to the section number herein), as follows:

 

(a)
Organization, Good Standing and Power. The Company is a corporation or other entity duly incorporated or otherwise organized,
validly existing and in good standing under the laws of its jurisdiction of incorporation or organization (as applicable) and
respectively, has the requisite corporate power to own, lease and operate its properties and assets and to conduct its business
as it is now being conducted. Except as set forth on Schedule 2.1(a), the Company and each of its Subsidiaries is duly
qualified to do business and is in good standing in every jurisdiction in which the nature of the business conducted or property
owned by it makes such qualification necessary except for any jurisdiction(s) (alone or in the aggregate) in which the failure
to be so qualified will not have a Material Adverse Effect (as defined in Section 2.1(g) hereof).

 

(b)
Corporate Power; Authority and Enforcement. The Company has the requisite corporate power and authority to enter into and
perform its obligations under this Agreement, and to issue and sell the Shares in accordance with the terms hereof. The execution,
delivery and performance of this Agreement by the Company and the consummation by it of the transactions contemplated hereby and
thereby have been duly and validly authorized by all necessary corporate action, and no further consent or authorization of the
Company or its Board of Directors or stockholders is required. This Agreement constitutes, or shall constitute when executed and
delivered, a valid and binding obligation of the Company enforceable against the Company in accordance with its terms, except
as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, liquidation, conservator
ship, receiver ship or similar laws relating to, or affecting generally the enforcement of, creditor’s rights and remedies
or by other equitable principles of general application.

 

(c)
Capitalization. The authorized capital stock of the Company is 1,000,000,000 and the shares thereof currently issued and
outstanding as of the date of this Agreement is 400,000,000 and, except as set forth in the on Schedule 2.1(c) hereto, is the
authorized and issued and outstanding capital stock of the Company as at the date hereof.

 

(i)
no shares of Ordinary Stock are entitled to preemptive, conversion or other rights and there are no outstanding options, warrants,
scrip, rights to subscribe to, call or commitments of any character whatsoever relating to, or securities or rights convertible
into, any shares of capital stock of the Company;

 

    	 

    	 

    

 

(ii)
there are no contracts, commitments, understandings, or arrangements by which the Company is or may become bound to issue additional
shares of capital stock of the Company or options, securities or rights convertible into shares of capital stock of the Company;

 

(iii)
the Company is not a party to any agreement granting registration or anti-dilution rights to any person with respect to any of
its equity or debt securities;

 

(iv)
the Company is not a party to, and it has no knowledge of, any agreement restricting the voting or transfer of any shares of the
capital stock of the Company.

 

(v)
The offer and sale of all capital stock, convertible securities, rights, warrants, or options of the Company issued prior to the
Closing complied with all applicable Federal and state securities laws, except
where non-compliance would not have a Material Adverse Effect. The Company has furnished or made available to the Purchaser true
and correct copies of the Company’s Memorandum and Articles of Association, as amended and in effect on the date hereof
(the “M&A”). Except as restricted under applicable federal, state, local or foreign laws and regulations,
the M&A, this Agreement, or as set forth on Schedule 2.1 (c), no written or oral contract, instrument, agreement, commitment,
obligation, plan or arrangement of the Company shall limit the payment of dividends on the Company’s Ordinary Stock.

 

(d)
Issuance of Shares. The Shares to be issued at the Closing have been duly authorized by all necessary corporate action.

 

(e)
Subsidiaries. As of the date of this Agreement, the Company has one subsidiary, Grand World Pro Limited (“Grand
World”), a company incorporated with limited liability under the laws of Hong Kong.

 

(f)
No Material Adverse Effect. As of the date of this Agreement, the Company have not experienced or suffered any Material
Adverse Effect. For the purposes of this Agreement, “Material Adverse Effect” shall mean (i) any material adverse
effect upon the assets, properties, financial condition, business or prospects of the Company, and its Subsidiaries, when taken
as a consolidated whole, and/or (ii) any condition, circumstance, or situation that would prohibit or otherwise materially interfere
with the ability of the Company to perform any of its material covenants, agreements and obligations under this Agreement.

 

(h)
No Undisclosed Liabilities. Other than as disclosed in Schedule 2.1(h) to the knowledge of the Company, neither the Company,
nor the Subsidiaries has any liabilities, obligations, claims or losses (whether liquidated or unliquidated, secured or unsecured,
absolute, accrued, contingent or otherwise) other than those incurred in the ordinary course of the Company’s and the Subsidiaries’
respective businesses and which, individually or in the aggregate, do not or would not have a Material Adverse Effect.

 

(i)
No Undisclosed Events or Circumstances. To the Company’s knowledge, no event or circumstance has occurred or exists
with respect to the Company, the Subsidiaries or their respective businesses, properties, operations or financial condition, which,
under applicable law, rule or regulation, requires public disclosure or announcement by the Company but which has not been so
publicly announced or disclosed.

 

(j)
Title to Assets. Except where non-compliance would not have a Material Adverse Effect, each of the Company and the Subsidiaries
has good and marketable title to (i) all properties and assets purportedly owned or used by them as reflected in the Financial
Statements, (ii) all properties and assets necessary for the conduct of their business as currently conducted, and (iii) all of
the real and personal property reflected in the Financial Statements free and clear of any Lien. All leases are valid and subsisting
and in full force and effect.

 

(k)
Actions Pending. There is no action, suit, claim, investigation, arbitration, alternate dispute resolution proceeding or
any other proceeding pending or, to the knowledge of the Company, threatened against or involving the Company which questions
the validity of this Agreement or the transactions contemplated hereby or thereby or any action taken or to be taken pursuant
hereto or thereto. Except where the same would not have a Material Adverse Effect, there is no action, suit, claim, investigation,
arbitration, alternate dispute resolution proceeding or any other proceeding pending or, to the knowledge of the Company, threatened
against or involving the Company involving any of their respective properties or assets. To the knowledge of the Company, there
are no outstanding orders, judgments, injunctions, awards or decrees of any court, arbitrator or governmental or regulatory body
against the Company, the Subsidiaries or any of their respective executive officers or directors in their capacities as such.

 

    	 

    	 

    

 

(l)
Compliance with Law. The Company and the Subsidiaries have all material franchises, permits, licenses, consents and other
governmental or regulatory authorizations and approvals necessary for the conduct of their respective business as now being conducted
by it unless the failure to possess such franchises, permits, licenses, consents and other governmental or regulatory authorizations
and approvals, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect.

 

(m)
No Violation. The business of the Company and the Subsidiaries is not being conducted in violation of any Federal, state,
local or foreign governmental laws, or rules, regulations and ordinances of any of any governmental entity, except for possible
violations which singularly or in the aggregate could not reasonably be expected to have a Material Adverse Effect. The Company
is not required under Federal, state, local or foreign law, rule or regulation to obtain any consent, authorization or order of,
or make any filing or registration with, any court or governmental agency in order for it to execute, deliver or perform any of
its obligations under this Agreement, or issue and sell the Shares in accordance with the terms hereof or thereof (other than
(x) any consent, authorization or order that has been obtained as of the date hereof, (y) any filing or registration that has
been made as of the date hereof or (z) any filings which may be required to be made by the Company with the Commission or state
securities administrators subsequent to the Closing.)

 

(n)
No Conflicts. The execution, delivery and performance of this Agreement by the Company and the consummation by the Company
of the transactions contemplated herein and therein do not and will not (i) violate any provision of the Company’s Certificate
or Bylaws, (ii) conflict with, or constitute a default (or an event which with notice or lapse of time or both would become a
default) under, or give to others any rights of termination, amendment, acceleration or cancellation of, any agreement, mortgage,
deed of trust, indenture, note, bond, license, lease agreement, instrument or obligation to which the Company is a party or by
which it or its properties or assets are bound, (iii) create or impose a lien, mortgage, security interest, pledge, charge or
encumbrance (collectively, “Lien”) of any nature on any property of the Company under any agreement or any
commitment to which the Company is a party or by which the Company is bound or by which any of its respective properties or assets
are bound, or (iv) result in a violation of any federal, state, local or foreign statute, rule, regulation, order, judgment or
decree (including Federal and state securities laws and regulations) applicable to the Company or any of its subsidiaries or by
which any property or asset of the Company or any of its subsidiaries are bound or affected, provided, however,
that, excluded from the foregoing in all cases are such conflicts, defaults, terminations, amendments, accelerations, cancellations
and violations as would not, individually or in the aggregate, have a Material Adverse Effect.

 

(o)
Certain Fees. Except as set forth on Schedule 2.1(o) hereto, no brokers fees, finders fees or financial advisory
fees or commissions will be payable by the Company with respect to the transactions contemplated by this Agreement.

 

(p)
Disclosure. Except as set forth in Schedule 2.1(p), neither this Agreement nor the Schedules hereto nor any other
documents, certificates or instruments furnished to the Purchaser by or on behalf of the Company or the Subsidiaries in connection
with the transactions contemplated by this Agreement contain any untrue statement of a material fact or omit to state a material
fact necessary in order to make the statements made herein or therein, taken as a whole and in the light of the circumstances
under which they were made herein or therein, not false or misleading.

 

(q)
Intellectual Property. Each of the Company and the Subsidiaries owns or has the lawful right to use all patents, trademarks,
domain names (whether or not registered) and any patentable improvements or copyrightable derivative works thereof, websites and
intellectual property rights relating thereto, service marks, trade names, copyrights, licenses and authorizations, and all rights
with respect to the foregoing, which are necessary for the conduct of their respective business as now conducted without any conflict
with the rights of others, except where the failure to so own or possess would not have a Material Adverse Effect.

 

(r)
Books and Record Internal Accounting Controls. Except as disclosed in Schedule 2.1(r), the books and records of the Company
and the Subsidiaries accurately reflect in all material respects the information relating to the business of the Company and the
Subsidiaries, the location and collection of their assets, and the nature of all transactions giving rise to the obligations or
accounts receivable of the Company, or the Subsidiaries.

 

    	 

    	 

    

 

Section
2.2 Representations and Warranties of the Purchaser. The Purchaser hereby makes the following representations and warranties
to the Company as of the date hereof:

 

(a)
No Conflicts. The execution, delivery and performance of this Agreement and the consummation by such Purchaser of the transactions
contemplated hereby and thereby or relating hereto do not and will not conflict with, or constitute a default (or an event which
with notice or lapse of time or both would become a default) under, or give to others any rights of termination, amendment, acceleration
or cancellation of any agreement, indenture or instrument or obligation to which such Purchaser is a party or by which its properties
or assets are bound, or result in a violation of any law, rule, or regulation, or any order, judgment or decree of any court or
governmental agency applicable to such Purchaser or its properties (except for such conflicts, defaults and violations as would
not, individually or in the aggregate, have a material adverse effect on such Purchaser). Such Purchaser is not required to obtain
any consent, authorization or order of, or make any filing or registration with, any court or governmental agency in order for
it to execute, deliver or perform any of its obligations under this Agreement, provided, that for purposes of the representation
made in this sentence, such Purchaser is assuming and relying upon the accuracy of the relevant representations and agreements
of the Company herein.

 

(b)
Status of Purchaser. The Purchaser is a “non-US person” as defined in Regulation S. The Purchaser further makes
the representations and warranties to the Company set forth on Exhibit A. Such Purchaser is not required to be registered
as a broker-dealer under Section 15 of the Exchange Act and such Purchaser is not a broker-dealer, nor an affiliate of a broker-
dealer.

 

(c)
Reliance on Exemptions. The Purchaser understands that the Shares are being offered and sold to it in reliance upon specific
exemptions from the registration requirements of United States federal and state securities laws and that the Company is relying
upon the truth and accuracy of, and the Purchaser’s compliance with, the representations, warranties, agreements, acknowledgments
and understandings of the Purchaser set forth herein in order to determine the availability of such exemptions and the eligibility
of the Purchaser to acquire the Shares.

 

(d)
Information. The Purchaser and its advisors, if any, have had the opportunity to ask questions of management of the Company
and its Subsidiaries and have been furnished with all information relating to the business, finances and operations of the Company
and information relating to the offer and sale of the Shares which have been requested by the Purchaser or its advisors. Neither
such inquiries nor any other due diligence investigation conducted by the Purchaser or any of its advisors or representatives
shall modify, amend or affect the Purchaser’s right to rely on the representations and warranties of the Company contained
herein. The Purchaser understands that its investment in the Shares involves a significant degree of risk. The Purchaser further
represents to the Company that the Purchaser’s decision to enter into this Agreement has been based solely on the independent
evaluation of the Purchaser and its representatives.

 

(e)
Governmental Review. The Purchaser understands that no United States federal or state agency or any other government or
governmental agency has passed upon or made any recommendation or endorsement of the Shares.

 

(f)
Transfer or Re-sale. The Purchaser understands that the sale or re-sale of the Shares has not been and is not being registered
under the Securities Act or any applicable state securities laws, and the Shares may not be transferred unless (i) the Shares
are sold pursuant to an effective registration statement under the Securities Act, (ii) the Purchaser shall have delivered to
the Company an opinion of counsel that shall be in form, substance and scope customary for opinions of counsel in comparable transactions
to the effect that the Shares to be sold or transferred may be sold or transferred pursuant to an exemption from such registration,
which opinion shall be reasonably acceptable to the Company, (iii) the Shares are sold or transferred to an “affiliate”
(as defined in Rule 144 promulgated under the Securities Act (or a successor rule) (“Rule 144”)) of the Purchaser
who agrees to sell or otherwise transfer the Shares only in accordance with this Section 2.2(f) and who is a non-US person, (iv)
the Shares are sold pursuant to Rule 144, or (v) the Shares are sold pursuant to Regulation S under the Securities Act (or a successor
rule) (“Regulation S”). Notwithstanding the foregoing or anything else contained herein to the contrary, the Shares
may be pledged as collateral in connection with a bona fide margin account or other lending arrangement.

 

(g)
Legends. The Purchaser understands that the Shares shall bear a restrictive legend in the form as set forth under Section

 

5.1
of this Agreement. The Purchaser understands that, until such time the Shares may be sold pursuant to Rule 144 or Regulation S
without any restriction as to the number of securities as of a particular date that can then be immediately sold, the Shares may
bear a restrictive legend in substantially the form set forth under Section 5.1 (and a stop-transfer order may be placed against
transfer of the certificates evidencing such Securities).

 

    	 

    	 

    

 

(h)
Residency. The Purchaser is a resident of the jurisdiction set forth immediately below such Purchaser’s name on the
signature pages hereto.

 

(i)
No General Solicitation. The Purchaser acknowledges that the Shares were not offered to such Purchaser by means of any
form of general or public solicitation or general advertising, or publicly disseminated advertisements or sales literature, including
(i) any advertisement, article, notice or other communication published in any newspaper, magazine, or similar media, or broadcast
over television or radio, or (ii) any seminar or meeting to which such Purchaser was invited by any of the foregoing means of
communications.

 

(j)
Rule 144. Such Purchaser understands that the Shares must be held indefinitely unless such Shares are registered under
the Securities Act or an exemption from registration is available. Such Purchaser acknowledges that such Purchaser is familiar
with Rule 144 and Rule 144A, of the rules and regulations of the Commission, as amended, promulgated pursuant to the Securities
Act (“Rule 144”), and that such person has been advised that Rule 144 and Rule 144A, as applicable, permits
resales only under certain circumstances. Such Purchaser understands that to the extent that Rule 144 or Rule 144A is not available,
such Purchaser will be unable to sell any Shares without either registration under the Securities Act or the existence of another
exemption from such registration requirement.

 

(k)
Brokers. Purchaser does not have any knowledge of any brokerage or finder’s fees or commissions that are or will
be payable by the Company to any broker, financial advisor or consultant, finder, placement agent, investment banker, bank or
other person or entity with respect to the transactions contemplated by this Agreement.

 

(l)
Acquisition for Investment. The Purchaser is a “non-US person” as defined in Regulation S, acquiring the Shares
solely for the its own account for the purpose of investment and not with a view to or for sale in connection with a distribution
to anyone.

 

(m)
Additional Representations and Warranties of Non-U.S. Persons. The Purchaser indicating that it is not a U.S. person on
its signature page to this Agreement, severally and not jointly, further makes the representations and warranties to the Company
set forth on Exhibit A.

 

ARTICLE
III

 

Covenants

 

The
Company covenants with the Purchaser as follows, which covenants are for the benefit of the Purchaser and its permitted assignees
(as defined herein).

 

Section
3.1 Securities Compliance. The Company shall notify the Commission in accordance with its rules and regulations, of the
transactions contemplated by any of this Agreement, and shall take all other necessary action and proceedings as may be required
and permitted by applicable law, rule and regulation, for the legal and valid issuance of the Shares to the Purchaser or subsequent
holders.

 

Section
3.2 Confidential Information. The Purchaser agrees that such Purchaser and its employees, agents and representatives will
keep confidential and will not disclose, divulge or use (other than for purposes of monitoring its investment in the Company)
any confidential information which such Purchaser may obtain from the Company pursuant to financial statements, reports and other
materials submitted by the Company to such Purchaser pursuant to this Agreement, unless such information is known to the public
through no fault of such Purchaser or his or its employees or representatives; provided, however, that a Purchaser may disclose
such information (i) to its attorneys, accountants and other professionals in connection with their representation of such Purchaser
in connection with such Purchaser’s investment in the Company,

(ii)
to any prospective permitted transferee of the Shares, so long as the prospective transferee agrees to be bound by the provisions
of this Section 3.3, or (iii) to any general partner or affiliate of such Purchaser.

 

    	 

    	 

    

 

Section
3.3 Compliance with Laws. The Company shall comply to comply in all material respects, with all applicable laws, rules,
regulations and orders, except where non-compliance could not reasonably be expected to have a Material Adverse Effect.

 

Section
3.4 Keeping of Records and Books of Account. The Company shall keep adequate records and books of account, in which complete
entries have been made in accordance with Hong Kong accounting standards consistently applied, reflecting all financial transactions
of the Company.

 

Section
3.5 Disclosure of Material Information. The Company covenants and agrees that neither it nor any other person acting on
its or their behalf has provided or, from and after the filing of the Press Release, will provide any Purchaser or its agents
or counsel with any information that the Company believes constitutes material non-public information (other than with respect
to the transactions contemplated by this Agreement), unless prior thereto such Purchaser shall have executed a specific written
agreement regarding the confidentiality and use of such information. The Company understands and confirms that the Purchaser shall
be relying on the foregoing covenants in effecting transactions in securities of the Company. At the time of the filing of the
Press Release, no Purchaser shall be in possession of any material, nonpublic information received from the Company, any of its
subsidiaries or any of its respective officers, directors, employees or agents that is not disclosed in the Press Release. The
Company shall not disclose the identity of any Purchaser in any filing with the SEC except as required by the rules and regulations
of the SEC thereunder. In the event of a breach of the foregoing covenant by the Company, , or any of its or their respective
officers, directors, employees and agents, in addition to any other remedy provided herein, a Purchaser may notify the Company,
and the Company shall make public disclosure of such material nonpublic information within two (2) trading days of such notification.

 

Section
3.6 No Manipulation of Price. The Company will not take, directly or indirectly, any action designed to cause or result
in, or that has constituted or might reasonably be expected to constitute, the stabilization or manipulation of the price of any
securities of the Company.

 

Section
3.7 Reimbursement of Costs. The Purchaser agrees to reimburse the Company for the costs associated with the registry of
its Shares with the applicable authority and delivery of the certificate of Shares in the amount of $80 per Purchaser, payable
upon the subscription.

 

ARTICLE
IV

 

CONDITIONS

 

Section
4.1 Conditions Precedent to the Obligation of the Company to Sell the Shares. The obligation hereunder of the Company to
issue and sell the Shares is subject to the satisfaction or waiver, at or before the Closing, of each of the conditions set forth
below. These conditions are for the Company’s sole benefit and may be waived by the Company at any time in its sole discretion.

 

(a)
Accuracy of the Purchaser’s Representations and Warranties . The representations and warranties of the Purchaser
in this Agreement shall be true and correct in all material respects as of the date when made and as of the Closing Date as though
made at that time, except for representations and warranties that are expressly made as of a particular date, which shall be true
and correct in all material respects as of such date.

 

(b)
Performance by the Purchaser. The Purchaser shall have performed, satisfied and complied in all respects with all covenants,
agreements and conditions required by this Agreement to be performed, satisfied or complied with by such Purchaser at or prior
to the Closing.

 

(c)
No Injunction. No statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted, entered,
promulgated or endorsed by any court or governmental authority of competent jurisdiction which prohibits the consummation of any
of the transactions contemplated by this Agreement.

 

(d)
Delivery of Purchase Price. The Purchase Price for the Shares shall have been delivered to the Company.

 

(e)
Delivery of this Agreement. This Agreement shall have been duly executed and delivered by the Purchaser to the Company.

 

    	 

    	 

    

 

Section
4.2 Conditions Precedent to the Obligation of the Purchaser to Purchase the Shares. The obligation hereunder of the Purchaser
to acquire and pay for the Shares offered in Offering is subject to the satisfaction or waiver, at or before the Closing, of each
of the conditions set forth below. These conditions are for the Purchaser’s sole benefit and may be waived by such Purchaser
at any time in its sole discretion.

 

(a)
Accuracy of the Company’s Representations and Warranties . Each of the representations and
warranties of the Company in this Agreement shall be true and correct in all respects as of the date when made and as of the Closing
Date as though made at that time, except for representations and warranties that are expressly made as of a particular date, which
shall be true and correct in all respects as of such date.

 

(b)
Performance by the Company. The Company shall have performed, satisfied and complied in all respects with all covenants,
agreements and conditions required by this Agreement to be performed, satisfied or complied with by the Company at or prior to
the Closing.

 

(c)
No Injunction. No statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted, entered,
promulgated or endorsed by any court or governmental authority of competent jurisdiction which prohibits the consummation of any
of the transactions contemplated by this Agreement.

 

(d)
No Proceedings or Litigation. No action, suit or proceeding before any arbitrator or any governmental authority shall have
been commenced, and no investigation by any governmental authority shall have been threatened, against the Company, or any of
the officers, directors or affiliates of the Company seeking to restrain, prevent or change the transactions contemplated by this
Agreement, or seeking damages in connection with such transactions.

 

(e)
Certificates. The Company shall have executed and delivered to the Purchaser the certificates (in such denominations as
such Purchaser shall request) for the Shares being acquired by such Purchaser immediately after the Closing (in such denominations
as such Purchaser shall request) to such address set forth next to the Purchaser with respect to the Closing.

 

(f)
Resolutions. The Board of Directors of the Company shall have adopted resolution consistent with Section 2.1(b) hereof
in a form reasonably acceptable to such Purchaser (the “Resolution”).

 

(g)
Material Adverse Effect. No Material Adverse Effect shall have occurred at or before the Closing Date.

 

ARTICLE
V

 

Stock
Certificate Legend

 

Section
5.1 Legend. Each certificate representing the Shares shall be stamped or otherwise imprinted with a legend substantially
in the following form (in addition to any legend required by applicable state securities or “blue sky” laws):

 

THE
SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES LAWS OF THE CAYMAN ISLANDS, HONG KONG, THE
UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR ANY U.S. STATE SECURITIES LAWS AND MAY NOT BE OFFERED,
SOLD, TRANSFERRED, OR OTHERWISE DISPOSED OF OR PLEDGED OR HYPOTHECATED UNLESS REGISTERED UNDER THE ACT AND ANY APPLICABLE STATE
SECURITIES LAWS OR UNLESS AN EXEMPTION FROM REGISTRATION UNDER THE ACT AND ANY SUCH LAWS IS AVAILABLE (AND, IN SUCH CASE, AN OPINION
OF COUNSEL SATISFACTORY TO THE COMPANY, IN FORM AND SUBSTANCE SATISFACTORY TO THE COMPANY, SHALL HAVE BEEN DELIVERED TO THE COMPANY
TO THE EFFECT THAT THE OFFER, SALE, TRANSFER, DISPOSITION, PLEDGE, OR HYPOTHECATION THEREOF IS EXEMPT FROM REGISTRATION UNDER
THE ACT AND ANY SUCH LAWS).

 

    	 

    	 

    

 

THE
SHARES REPRESENTED BY THIS CERTIFICATE HAVE BEEN SOLD PURSUANT TO AN EXEMPTION FROM REGISTRATION IN ACCORDANCE WITH REGULATION
“S” (17 C.F.R. 230.901 THROUGH 230.905 AND ITS PRELIMINARY NOTES) UNDER THE SECURITIES ACT. THE SECURITIES MAY NOT
BE OFFERED, SOLD OR TRANSFERRED TO A U.S. PERSON, OR FOR THE ACCOUNT OR BENEFIT OF A U.S. PERSON, OR INTO THE UNITED STATES EXCEPT
PURSUANT TO A REGISTRATION STATEMENT, OR A VALID EXEMPTION FROM REGISTRATION BASED ON AN OPINION OF COUNSEL APPROVED BY THE ISSUER.
HEDGING TRANSACTIONS INVOLVING THESE SECURITIES MAY NOT BE CONDUCTED, DIRECTLY OR INDIRECTLY, UNLESS IN COMPLIANCE WITH THE SECURITIES
ACT OF 1933, AS AMENDED.

 

ARTICLE
VI

 

Indemnification

 

Section
6.1 General Indemnity. The Company agrees to indemnify and hold harmless the Purchaser (and their respective directors,
officers, managers, partners, members, shareholders, affiliates, agents, successors and assigns) from and against any and all
losses, liabilities, deficiencies, costs, damages and expenses (including, without limitation, reasonable attorneys’ fees,
charges and disbursements) incurred by the Purchaser as a result of any inaccuracy in or breach of the representations, warranties
or covenants made by the Company herein. The Purchaser, severally but not jointly, agrees to indemnify and hold harmless the Company
and its directors, officers, affiliates, agents, successors and assigns from and against any and all losses, liabilities, deficiencies,
costs, damages and expenses (including, without limitation, reasonable attorneys’ fees, charges and disbursements) incurred
by the Company as a result of any inaccuracy in or breach of the representations, warranties or covenants made by such Purchaser
herein. The maximum aggregate liability of the Purchaser pursuant to its indemnification obligations under this Article VI shall
not exceed the portion of the Purchase Price paid by the Purchaser hereunder. In no event shall any “Indemnified Party”
(as defined below) be entitled to recover consequential or punitive damages resulting from a breach or violation of this Agreement.

 

Section
6.2 Indemnification Procedure. Any party entitled to indemnification under this Article VI (an “Indemnified Party”)
will give written notice to the indemnifying party of any matters giving rise to a claim for indemnification; provided,
that the failure of any party entitled to indemnification hereunder to give notice as provided herein shall not relieve the indemnifying
party of its obligations under this Article VI except to the extent that the indemnifying party is actually prejudiced by such
failure to give notice. In case any action, proceeding or claim is brought against an Indemnified Party in respect of which indemnification
is sought hereunder, the indemnifying party shall be entitled to participate in and, unless in the reasonable judgment of the
Indemnified Party a conflict of interest between it and the indemnifying party may exist with respect of such action, proceeding
or claim, to assume the defense thereof with counsel reasonably satisfactory to the Indemnified Party. In the event that the indemnifying
party advises an Indemnified Party that it will contest such a claim for indemnification hereunder, or fails, within thirty (30)
days of receipt of any indemnification notice to notify, in writing, such person of its election to defend, settle or compromise,
at its sole cost and expense, any action, proceeding or claim (or discontinues its defense at any time after it commences such
defense), then the Indemnified Party may, at its option, defend, settle or otherwise compromise or pay such action or claim. In
any event, unless and until the indemnifying party elects in writing to assume and does so assume the defense of any such claim,
proceeding or action, the Indemnified Party’s costs and expenses arising out of the defense, settlement or compromise of
any such action, claim or proceeding shall be losses subject to indemnification hereunder. The Indemnified Party shall cooperate
fully with the indemnifying party in connection with any negotiation or defense of any such action or claim by the indemnifying
party and shall furnish to the indemnifying party all information reasonably available to the Indemnified Party which relates
to such action or claim. The indemnifying party shall keep the Indemnified Party fully apprised at all times as to the status
of the defense or any settlement negotiations with respect thereto. If the indemnifying party elects to defend any such action
or claim, then the Indemnified Party shall be entitled to participate in such defense with counsel of its choice at its sole cost
and expense. The indemnifying party shall not be liable for any settlement of any action, claim or proceeding effected without
its prior written consent, provided, however, that the indemnifying party shall be liable for any settlement if
the indemnifying party is advised of the settlement but fails to respond to the settlement within thirty (30) days of receipt
of such notification. Notwithstanding anything in this Article VI to the contrary, the indemnifying party shall not, without the
Indemnified Party’s prior written consent, settle or compromise any claim or consent to entry of any judgment in respect
thereof which imposes any future obligation on the Indemnified Party or which does not include, as an unconditional term thereof,
the giving by the claimant or the plaintiff to the Indemnified Party of a release from all liability in respect of such claim.
The indemnification required by this Article VI shall be made by periodic payments of the amount thereof during the course of
investigation or defense, as and when bills are received or expense, loss, damage or liability is incurred, so long as the Indemnified
Party irrevocably agrees to refund such moneys if it is ultimately determined by a court of competent jurisdiction that such party
was not entitled to indemnification. The indemnity agreements contained herein shall be in addition to (a) any cause of action
or similar rights of the Indemnified Party against the indemnifying party or others, and (b) any liabilities the indemnifying
party may be subject to pursuant to the law.

 

    	 

    	 

    

 

ARTICLE
VII

 

Miscellaneous

 

Section
7.1 Fees and Expenses. Except as otherwise set forth in this Agreement, each party shall pay the fees and expenses of its
advisors, counsel, accountants and other experts, if any, and all other expenses, incurred by such party incident to the negotiation,
preparation, execution, delivery and performance of this Agreement.

 

Section
7.2 Specific Enforcement, Consent to Jurisdiction.

 

(a)
The Company and the Purchaser acknowledge and agree that irreparable damage would occur in the event that any of the provisions
of this Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed
that the parties shall be entitled to an injunction or injunctions to prevent or cure breaches of the provisions of this Agreement
and to enforce specifically the terms and provisions hereof or thereof, this being in addition to any other remedy to which any
of them may be entitled by law or equity.

 

(b)
Each of the Company and the Purchaser (i) hereby irrevocably submits to by the courts of competent jurisdiction in Hong Kong for
the purposes of any suit, action or proceeding arising out of or relating to this Agreement or the transactions contemplated hereby
or thereby and (ii) hereby waives, and agrees not to assert in any such suit, action or proceeding, any claim that it is not personally
subject to the jurisdiction of such court, that the suit, action or proceeding is brought in an inconvenient forum or that the
venue of the suit, action or proceeding is improper. Each of the Company and the Purchaser consents to process being served in
any such suit, action or proceeding by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence
of delivery) to such party at the address in effect for notices to it under this Agreement and agrees that such service shall
constitute good and sufficient service of process and notice thereof. Nothing in this Section 7.2 shall affect or limit any right
to serve process in any other manner permitted by law. Each party hereby irrevocably waives personal service of process and consents
to process being served in any such suit, action or proceeding by mailing a copy thereof to such party at the address for such
notices to it under this Agreement and agrees that such service shall constitute good and sufficient service of process and notice
thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any manner permitted by law.

 

Section
7.3 Entire Agreement, Amendment. This Agreement contains the entire understanding and agreement of the parties with respect
to the matters covered hereby and, except as specifically set forth herein, neither the Company nor any of the Purchaser makes
any representations, warranty, covenant or undertaking with respect to such matters and they supersede all prior understandings
and agreements with respect to said subject matter, all of which are merged herein. No provision of this Agreement may be waived
or amended other than by a written instrument signed by the Company and the Purchaser, and no provision hereof may be waived other
than by a written instrument signed by the party against whom enforcement of any such waiver is sought.

 

Section
7.4 Notices. All notices, demands, consents, requests, instructions and other communications to be given or delivered or
permitted under or by reason of the provisions of this Agreement or in connection with the transactions contemplated hereby shall
be in writing and shall be deemed to be delivered and received by the intended recipient as follows: (i) if personally delivered,
on the business day of such delivery (as evidenced by the receipt of the personal delivery service), (ii) if mailed certified
or registered mail return receipt requested, two (2) business days after being mailed, (iii) if delivered by overnight courier
(with all charges having been prepaid), on the business da y of such delivery (as evidenced by the receipt of the overnight courier
service of recognized standing), or (iv) if delivered by facsimile transmission, on the business day of such delivery if sent
by 6:00 p.m. in the time zone of the recipient, or if sent after that time, on the next succeeding business day (as evidenced
by the printed confirmation of delivery generated by the sending party’s telecopier machine). If any notice, demand, consent,
request, instruction or other communication cannot be delivered because of a changed address of which no notice was given (in
accordance with this Section 7.4), or the refusal to accept same, the notice, demand, consent, request, instruction or other communication
shall be deemed received on the second business day the notice is sent (as evidenced by a sworn affidavit of the sender). All
such notices, demands, consents, requests, instructions and other communications will be sent to the following addresses or facsimile
numbers as applicable:

 

    	 

    	 

    

 

If
to the Company:

 

JMax
International Limited

Room
3209

Office
Tower

Convention
Plaza

1
Harbour Road

Wanchai

Hong
Kong

Facsimile:
+852 23238718

Email:
jmaxcs@yahoo.com

 

with
copies (which shall not constitute notice) to:

 

Hunter
Taubman Fischer & Li LLC

1450
Broadway, 26th Floor

New
York, NY 10018

 

If
to Purchaser:

 

The
address listed on the signature page

 

Any
party hereto may from time to time change its address for notices by giving at least ten (10) days written notice of such changed
address to the other party hereto.

 

Section
7.5 Waivers. No waiver by any party of any default with respect to any provision, condition or requirement of this Agreement
shall be deemed to be a continuing waiver in the future or a waiver of any other provisions, condition or requirement hereof,
nor shall any delay or omission of any party to exercise any right hereunder in any manner impair the exercise of any such right
accruing to it thereafter.

 

Section
7.6 Headings. The section headings contained in this Agreement (including, without limitation, section headings and headings
in the exhibits and schedules) are inserted for reference purposes only and shall not affect in any way the meaning, construction
or interpretation of this Agreement. Any reference to the masculine, feminine, or neuter gender shall be a reference to such other
gender as is appropriate. References to the singular shall include the plural and vice versa.

 

Section
7.7 Successors and Assigns. This Agreement may not be assigned by a party hereto without the prior written consent of the
Company or the Purchaser, as applicable, provided, however, that, subject to federal and state securities laws,
a Purchaser may assign its rights and delegate its duties hereunder in whole or in part to an affiliate or to a third party acquiring
all or substantially all of its Shares in a private transaction without the prior written consent of the Company or the other
Purchaser, after notice duly given by such Purchaser to the Company provided, that no such assignment or obligation shall
affect the obligations of such Purchaser hereunder and that such assignee agrees in writing to be bound, with respect to the transferred
securities, by the provisions hereof that apply to the Purchaser. The provisions of this Agreement shall inure to the benefit
of and be binding upon the respective permitted successors and assigns of the parties. Nothing in this Agreement, express or implied,
is intended to confer upon any party other than the parties hereto or their respective successors and assigns any rights, remedies,
obligations or liabilities under or by reason of this Agreement, except as expressly provided in this Agreement.

 

Section
7.8 Governing Law. This Agreement and all amendments hereto shall be governed by and construed in accordance with the laws
Hong Kong, without application of the conflicts of laws provisions thereof. Any dispute arising hereunder shall be determined
exclusively by the courts of competent jurisdiction in Hong Kong.

 

    	 

    	 

    

 

Section
7.9 Survival. The representations and warranties of the Company and the Purchaser shall survive the execution and delivery
hereof and the Closing hereunder for a period of three (3) years following the Closing Date.

 

Section
7.10 Counterparts. This Agreement may be executed in any number of counterparts, each of which when so executed shall be
deemed to be an original and, all of which taken together shall constitute one and the same Agreement and shall become effective
when counterparts have been signed by each party and delivered to the other parties hereto, it being understood that all parties
need not sign the same counterpart. In the event that any signature is delivered by facsimile transmission, such signature shall
create a valid binding obligation of the party executing (or on whose behalf such signature is executed) the same with the same
force and effect as if such facsimile signature were the original thereof.

 

Section
7.11 Severability. The provisions of this Agreement are severable and, in the event that any court of competent jurisdiction
shall determine that any one or more of the provisions or part of the provisions contained in this Agreement shall, for any reason,
be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect
any other provision or part of a provision of this Agreement and such provision shall be reformed and construed as if such invalid
or illegal or unenforceable provision, or part of such provision, had never been contained herein, so that such provisions would
be valid, legal and enforceable to the maximum extent possible.

 

Section
7.12 Individual Capacity. Each Purchaser enters into this Agreement on its own capacity, and not as a group with other
Purchasers. Each Purchaser, severally but not jointly, makes representations and warranties contained under this Agreement.

 

Section
7.13 Termination. This Agreement may be terminated prior to Closing by mutual written agreement of the Purchaser and the
Company.

 

[Remainder
of Page Intentionally Left Blank; Signature Pages Follow]

 

    	 

    	 

    

 

IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by their respective authorized officer as of
the date first above written.

 

	 	JMAX
    INTERNATIONAL LIMITED
	 	 
	 	a
    Cayman Islands limited company
	 	 	 
	Date:
    ____________, 2017.	 	 
	 	 	 
	 	By:	         
	 	Name:	Guowen
    Ren
	 	Title
    :	Chief
    Executive Officer

 

[Signature
Page of the Company]

 

    	 

    	 

    

 

PURCHASER
SIGNATURE PAGE AND QUESTIONNAIRE

 

In
witness whereof, the parties hereto have executed this Subscription Agreement as of the dates set forth below.

 

Date:
                                    ,
2017.

 

 

	No.
    of Shares Subscribed For:	                      ________________
	 	 
	Subscription
    Price Per Share: 	$0.01
	 	 
	Subscription
    Price (No. Shares times $0.01): 	                      $

 

	Signature(s):	 
	 	 
	Name
    (Please Print):	 
	 	 
	Residence
    Address:	 
	 	 
	 	 
	 	 
	Passport
    / IC Number:	 

 

	Phone
    Number:	(                  )                     
    -
	 	 
	Cellular
    Number:	(                  )                     
    -
	 	 
	Facsimile
    Number:	(                  )                     
    -
	 	 
	Email
    address:	                                              @

 

PURCHASER
REPRESENTATIVE

 

(TO
BE COMPLETED IF PURCHASER DOES NOT HAVE SUFFICIENT UNDERSTANDING OF ENGLISH TO READ AND UNDERSTAND THIS SUBSCRIPTION AGREEMENT
AND THE PRIVATE PLACEMENT MEMORANDUM)

 

	Signature:	 
	 	 
	Name
    (Please Print):	 
	 	 
	Passport
    / IC Number:	 

 

	Phone
    Number:	(                  )                     
    -
	 	 
	Cellular
    Number: 	(                  )                     
    -
	 	 
	Facsimile
    Number:	(                  )                     
    -
	 	 
	Email
    address:	                                             @

 

    	 

    	 

    

 

SCHEDULES
TO SUBSCRIPTION AGREEMENT

 

Schedule
2.1(a)

 

None.

 

Schedule
2.1(c)

 

None.

 

Schedule
2.1 (o)

 

None.

 

Schedule2.1(p)

 

None.

 

Schedule
2.1(r)

 

None.

 

    	 

    	 

    

 

EXHIBIT
A TO THE

 

SUBSCRIPTION
AGREEMENT

 

 

 

NON
U.S. PERSON REPRESENTATIONS

 

Each
Purchaser indicating that it is not a U.S. person, severally and not jointly, further represents and warrants to the Company as
follows:

 

	 	1.	At
    the time of (a) the offer by the Company and (b) the acceptance of the offer by such person or entity, of the Shares, such
    person or entity was outside the United States.
	 	 	 
	 	2.	Such
    person or entity is acquiring the Shares for such Shareholder’s own account, for investment and not for distribution
    or resale to others and is not purchasing the Shares for the account or benefit of any U.S. person, or with a view towards
    distribution to any U.S. person, in violation of the registration requirements of the Securities Act.
	 	 	 
	 	3.	Such
    person or entity will make all subsequent offers and sales of the Shares either (x) outside of the United States in compliance
    with Regulation S; (y) pursuant to a registration under the Securities Act; or (z) pursuant to an available exemption from
    registration under the Securities Act. Specifically, such person or entity will not resell the Shares to any U.S. person or
    within the United States prior to the expiration of a period commencing on the Closing Date and ending on the date that is
    one year thereafter (the “Distribution Compliance Period”), except pursuant to registration under the Securities
    Act or an exemption from registration under the Securities Act.
	 	 	 
	 	4.
    	Such
    person or entity has no present plan or intention to sell the Shares in the United States or to a U.S. person at any predetermined
    time, has made no predetermined arrangements to sell the Shares and is not acting as a Distributor of such securities.
	 	 	 
	 	5.
    	Neither
    such person or entity, its Affiliates nor any Person acting on behalf of such person or entity, has entered into, has the
    intention of entering into, or will enter into any put option, short position or other similar instrument or position in the
    U.S. with respect to the Shares at any time after the Closing Date through the Distribution Compliance Period except in compliance
    with the Securities Act.
	 	 	 
	 	6.	Such
    person or entity consents to the placement of a legend on any certificate or other document evidencing the Shares substantially
    in the form set forth in Section 5.1.
	 	 	 
	 	7.	Such
    person or entity is not acquiring the Shares in a transaction (or an element of a series of transactions) that is part of
    any plan or scheme to evade the registration provisions of the Securities Act.
	 	 	 
	 	8.	Such
    person or entity has sufficient knowledge and experience in finance, securities, investments and other business matters to
    be able to protect such person’s or entity’s interests in connection with the transactions contemplated by this
    Agreement.
	 	 	 
	 	9.	Such
    person or entity has consulted, to the extent that it has deemed necessary, with its tax, legal, accounting and financial
    advisors concerning its investment in the Shares.
	 	 	 
	 	10.	Such
    person or entity understands the various risks of an investment in the Shares and can afford to bear such risks for an indefinite
    period of time, including, without limitation, the risk of losing its entire investment in the Shares.
	 	 	 
	 	11.	Such
    person or entity has had access to the Company’s publicly filed reports with the SEC and has been furnished during the
    course of the transactions contemplated by this Agreement with all other public information regarding the Company that such
    person or entity has requested and all such public information is sufficient for such person or entity to evaluate the risks
    of investing in the Shares.

 

    	 

    	 

    

 

	 	12.	Such
    person or entity has been afforded the opportunity to ask questions of and receive answers concer ning the Company and the
    terms and conditions of the issuance of the Shares.
	 	 	 
	 	13.	Such
    person or entity is not relying on any representations and warranties concerning the Company made by the Company or any officer,
    employee or agent of the Company, other than those contained in this Agreement.
	 	 	 
	 	14.	Such
    person or entity will not sell or otherwise transfer the Conversion Shares unless either (A) the transfer of such securities
    is registered under the Securities Act or (B) an exemption from registration of such securities is available.
	 	 	 
	 	15.	Such
    person or entity represents that the address furnished on its signature page to this Agreement is the principal residence
    if he is an individual or its principal business address if it is a corporation or other entity.
	 	 	 
	 	16.	Such
    person or entity understands and acknowledges that the Shares have not been recommended by any federal or state securities
    commission or regulatory authority, that the foregoing authorities have not confirmed the accuracy or determined the adequacy
    of any information concerning the Company that has been supplied to such person or entity and that any representation to the
    contrary is a criminal offense.

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