Document:

Exhibit 10.8

 

FORM
OF ESCROW AGREEMENT

 

This
ESCROW AGREEMENT (the “Agreement”), dated as of August 22, 2018 by and among Loeb & Loeb LLP, as escrow
agent (the “Escrow Agent”), Atlantic Acquisition Corp. (the “Purchaser” or the “Parent”)
and Ni, Zhou Min (the “Stockholders’ Representative”) as the representative of the stockholders of HF
Group Holding Corporation (the “Company”).

 

WHEREAS,
the Purchaser, HF Group Merger Sub Inc., a wholly-owned subsidiary of Purchaser (“Merger Sub”), the Company,
the stockholders of the Company (each a “Stockholder” and collectively the “Stockholders”)
and the Stockholders’ Representative entered into a Merger Agreement, dated March 27, 2018 (the “Merger Agreement”),
providing for, among other things, the merger of Merger Sub with and into the Company and the conversion of shares of Company
Common Stock (excluding any shares held in the treasury of the Company) into the right to receive the Applicable Per Share Merger
Consideration in accordance with the terms set forth in the Merger Agreement; and

 

WHEREAS,
pursuant to Section 11.3 of the Merger Agreement, the Purchaser is required to deposit shares of Purchaser Common Stock, par value
$0.0001 per share, representing 15% of the aggregate amount of Closing Payment Shares (the “Escrow Shares”),
which Escrow Shares would otherwise be issuable to the Stockholders, with the Escrow Agent on the date hereof in connection with
the indemnification obligations of the Stockholders as contemplated by the Merger Agreement.

 

NOW,
THEREFORE, the parties agree as follows:

 

1.       Defined
Terms. Capitalized terms used herein and not otherwise defined herein shall have the meanings given to such terms in the Merger
Agreement.

 

2.       Appointment
and Acceptance of Escrow Agent. The Purchaser and the Stockholders’ Representative hereby appoint the Escrow Agent to
act, and the Escrow Agent hereby agrees to act, as escrow agent hereunder.

 

3.       Escrow
Deposit. Concurrently with the execution of this Agreement, the Purchaser shall deposit the Escrow Shares with the Escrow
Agent. The certificates representing the Escrow Shares will be in the name of “Loeb & Loeb LLP, as escrow agent”.
The Escrow Shares will be deemed to be beneficially owned by the persons listed on Exhibit A attached hereto and shall
be voted in accordance with the instructions provided by the Stockholder’s Representative.

 

4.       [Intentionally
Omitted].

 

5.       Disbursement
of Deposit.

 

a.       In
the event that any Purchaser Indemnitee is entitled to indemnification under the terms of Article XI of the Merger
Agreement, such Purchaser Indemnitee (an “Indemnified Party”) shall give the Escrow Agent and the
Stockholders’ Representative prompt notice of such claim (a “Claim”) against the Escrow Shares in
accordance with Section 16 of this Agreement. Such notice shall describe, in reasonable detail, the Loss that has been or may
be suffered by the Indemnified Party. Unless the Escrow Agent receives a timely Objection Notice (as defined below) from the
Stockholders’ Representative pursuant to Section 6, the Escrow Agent shall disburse the amount of Escrow Shares
specified in the Claim notice as directed therein.

 

     

     

    

 

b.       In
the event that the Escrow Agent receives an instruction letter signed by the Purchaser and the Stockholders’ Representative,
the Escrow Agent shall promptly distribute all or any portion of the Escrow Shares as directed by such instruction letter.

 

c.       In
the event that any portion of the Escrow Shares (not including any amounts subject to an Objection Notice pursuant to Section
6 of this Agreement, which amounts will remain in escrow pursuant to this Agreement until disbursed in accordance with Section
6) remains in escrow with the Escrow Agent on the date that is eighteen (18) months after the Closing (the “Termination
Date”), the Escrow Agent shall, within five (5) Business Days following the receipt of an instruction letter from the
Stockholders’ Representative at any time after the Termination Date (the “Release Date”), release the
remaining Escrow Shares to the Stockholders’ Representative for distribution to the Stockholders in accordance with the
applicable percentage of Escrow Shares for each Stockholder indicated on Exhibit A.

 

6.       Dispute
of Claim. The Stockholders’ Representative shall have the right to dispute any Claim against the Escrow Shares within
the thirty (30) day period following the Stockholders’ Representative’s receipt of a copy of a Claim notice by delivering
to the Escrow Agent and the Purchaser Indemnitee written notice (an “Objection Notice”) that the Stockholders’
Representative disputes the matter(s) set forth in such Claim notice either with respect to the validity or the amount of the
Claim (or both). Such notice shall include the basis, with reasonable specificity, of the objection. If an Objection Notice is
not received within such thirty (30) day period, the Stockholders’ Representative will be deemed to have waived its right
to object to the disbursement of all or any portion of the Escrow Shares pursuant to such Claim. Upon timely receipt of an Objection
Notice, Escrow Agent shall take no action with respect to the Claim, except upon receipt of joint written instructions from the
Stockholders’ Representative and such Purchaser Indemnitee or by a final non-appealable order of a court of competent jurisdiction
(“Final Order”). Escrow Agent shall promptly follow such instructions or Final Order upon receipt thereof.
Escrow Agent shall be entitled to receive an opinion of counsel (which will be paid for by the Purchaser) that such Final Order
is final and binding. If the amount necessary to satisfy any disputed Claim, as ultimately determined via joint written instructions
or Final Order, is in excess of the Escrow Shares, then Escrow Agent shall pay over the Escrow Shares pursuant to the joint written
instructions or Final Order, but shall in no way be responsible for any such excess.

 

7.       Liability
of Escrow Agent. Escrow Agent shall be liable only for its bad faith, willful misconduct or gross negligence and not for
any act done or omitted by it hereunder in good faith. The parties hereto agree that Escrow Agent will not be called upon to
construe any contract or instrument. Escrow Agent is authorized to comply with and obey laws, orders, judgments, decrees, and
regulations of any governmental authority, court, tribunal, or arbitrator; provided, however, that Escrow Agent shall, to the
extent practicable, give each of the other parties hereto reasonable notice of its intention to comply with or obey any such
law, order, judgment, decree, or regulation and the opportunity to object to such intention to comply or obey (for which
Escrow Agent shall be entitled to indemnification as provided in this Agreement); provided, further, that Escrow Agent shall
not be required to give any such notice if, in its reasonable judgment, a delay in complying or obeying any such law, order,
judgment, decree, or regulation would prejudice any rights of Escrow Agent or subject it to any liability. If Escrow Agent
complies with or obeys any such law, order, judgment, decree, or regulation, Escrow Agent shall not be liable to any of the
parties hereto or to any other person even if such law, order, judgment, decree, or regulation is subsequently reversed,
modified, annulled, set aside, vacated, found to have been entered without jurisdiction, or found to be in violation of or
beyond the scope of a constitution or a law.

 

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8.       Actions
Protected. Escrow Agent may rely, and shall be protected in acting or refraining from acting, upon any written notice, waiver,
consent, certificate, receipt, authorization, power of attorney, instruction, request or other paper or document (each a “Notice”),
furnished to it hereunder and believed by it to be genuine. If Escrow Agent receives a Notice under which some action is to be
taken by it, it shall not be required to act thereon until it has had an opportunity, if it so desires and in its sole discretion,
to investigate the authenticity of such Notice.

 

9.       Legal
Counsel. Escrow Agent may consult with and obtain advice from legal counsel of its own choice in the event of any question
as to the provisions hereof or its duties hereunder and shall have full and complete authorization and protection for any action
taken or suffered by it hereunder in good faith and in accordance with the opinion of such counsel. The Stockholders’ Representative
acknowledges that Loeb & Loeb LLP acts as counsel to the Purchaser and may continue to serve in that capacity, and neither
anything contained herein, the execution or delivery hereof by Escrow Agent, nor the performance by Escrow Agent of its duties
hereunder shall in any way affect or require termination of such relationship and the Stockholders’ Representative hereby
waives any conflict or potential conflict resulting from such representation. Escrow Agent shall be fully protected in acting
in good faith, including without limitation acting in accordance with the opinion and instructions of legal counsel, including
attorneys at Loeb & Loeb LLP.

 

10.       
No Other Duties. Escrow Agent shall have no duties arising from this Agreement except those expressly set forth herein,
and it shall not be bound by any notice of claim or demand with respect thereto, or any waiver, modification, amendment, termination,
cancellation revision or rescission of this Agreement, unless received by it in writing in conformity with the provisions hereof,
and, if Escrow Agent’s duties hereunder are affected, unless it shall have given its prior written consent thereto. Escrow
Agent shall not be bound by any assignment by the Purchaser or by the Stockholders’ Representative of any rights hereunder
unless Escrow Agent shall have received written notice thereof from the assignor.

 

11.       
Compensation of Escrow Agent; Indemnification. Except as specifically set forth herein, Escrow Agent shall receive no compensation
for its services under this Agreement. Notwithstanding the foregoing, the Purchaser and the Stockholders’ Representative,
jointly and severally, agree to indemnify Escrow Agent for, and to hold it harmless against, any loss, liability, damage or expense
incurred by Escrow Agent arising out of, or in connection with, this Agreement, any litigation arising in connection with this
Agreement or any transaction related in any way hereto, including but not limited to attorneys’ fees and other costs and
expenses of defending itself against any claim of liability, except for liability or expense resulting from the bad faith, willful
misconduct or gross negligence of Escrow Agent.

 

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12.       
Payment of Expenses. The Purchaser shall be responsible for the reasonable out-of-pocket expenses of Escrow Agent incurred
by it in connection with its acting as escrow agent hereunder.

 

13.       
Termination. Escrow Agent’s responsibilities and liabilities hereunder, except as a result of its own bad faith,
willful misconduct or gross negligence, will terminate upon distribution of all Escrow Shares held by Escrow Agent in accordance
with the provisions of this Agreement.

 

14.       
Successor Escrow Agents. Escrow Agent has the right to, and may, at any time, resign and be discharged from its duties
hereunder by giving notice in writing of such resignation, specifying a date (no earlier than ten (10) business days after the
giving of such notice) when such resignation shall take effect. If the other parties hereto do not appoint a substitute escrow
agent prior to the effective date of Escrow Agent’s resignation, Escrow Agent shall appoint a successor escrow agent, or,
if Escrow Agent is unable to make such an appointment, may deposit the Escrow Shares with a court of appropriate jurisdiction,
and thereupon Escrow Agent shall be fully relieved and discharged of any further duties hereunder.

 

15.       
Amendment. Any provision of this Agreement may be amended or waived if, and only if, such amendment or waiver is in writing
and signed, in the case of an amendment, by each party hereto, or in the case of a waiver, by the party against whom the waiver
is to be effective.

 

16.       
Notices. For the purposes of this Agreement, notices and all other communications provided for in this Agreement shall
be in writing and shall be deemed to have been duly given when (a) delivered in person, (b) transmitted by facsimile or e-mail
or (c) mailed by first class, overnight or certified mail, return receipt requested, postage prepaid, addressed to the parties
at the following addresses or to such other address as a party shall hereafter specify by notice to the other parties:

 

If
to the Purchaser, to:

 

Atlantic
Acquisition Corp.

1250 Broadway, 36th Floor

New York, NY

Attention: Richard Xu

Email: rxu@atlantic-acquisition.com

 

With
a copy (which shall not constitute notice) to:

 

Loeb
& Loeb LLP

345 Park Avenue

New York, New York 10154

Attn: Giovanni Caruso, Esq.

Email: gcaruso@loeb.com

Fax:
(212) 407-4866

 

    4 

     

    

 

If
to the Stockholders’ Representative:

 

Ni,
Zhou Min

Email:
min@hanfenginc.com

Fax:
(336) 268-2642

 

If
to Escrow Agent:

 

Loeb
& Loeb LLP

345 Park Avenue

New York, New York 10154

Attn: Giovanni Caruso, Esq.

Email: gcaruso@loeb.com

Fax:
(212) 407-4866

 

All
such notices and communications shall be deemed to be effective and to have been delivered on (i) the date of delivery thereof
if delivered in person, (ii) one day after a facsimile or e-mail is sent, provided that an appropriate electronic confirmation
is received, (iii) 24 hours after being sent by overnight courier, or (iv) on the third business day after the mailing thereof
to the last known address of the recipient, except that notice of change of address shall be effective only upon receipt or upon
refusal to accept delivery thereof.

 

17.       
Recovery of Attorneys’ Fees and Court Costs. In the event of a dispute concerning the disbursement or distribution
of the Escrow Shares which dispute is resolved by a court order, the prevailing party shall be entitled to recovery of its reasonable
attorneys’ fees, court costs, and other related expenses incident to such cause of action from the other party.

 

18.       
Entire Agreement. This Agreement, together with the Merger Agreement, as referenced herein, constitutes the entire agreement
among the parties and supersedes all prior agreements, understandings and arrangements, oral or written, among the parties with
respect to the subject matter hereof. Any party hereto may, by an instrument in writing, waive compliance by another party hereto
with any term or provision of this Agreement on the part of such other party hereto to be performed or complied with. The waiver
by any party hereto of a breach of any term or provision of this Agreement shall not be construed as a waiver of any subsequent
breach.

 

19.       
Successors and Assigns. This Agreement shall inure to the benefit of and shall be binding upon the parties and their respective
heirs, successors and assigns. Nothing in this Agreement, expressed or implied, is intended to or shall (a) confer on any person
other than the parties, or their respective successors or assigns, any rights, remedies, obligations or liabilities under or by
reason of this Agreement, or (b) constitute the parties’ partners or participants in a joint venture. Escrow Agent shall
not be obliged to recognize any such succession or assignment until written evidence thereof shall have been received by it.

 

20.       
Severability. In case any one or more of the provisions of this Agreement shall be invalid or unenforceable in any respect,
the validity and enforceability of the remaining terms and provisions of this Agreement shall not in any way be affected or impaired
thereby and the parties will attempt to agree upon a valid and enforceable provision which shall be a reasonable substitute therefor,
in light of the tenor of this Agreement, and upon so agreeing, shall incorporate such substitute provision in this Agreement.
Any term or provision of this Agreement which is invalid or unenforceable in any jurisdiction shall not affect the validity or
enforceability of any of the terms or provisions of this Agreement in any other jurisdiction.

 

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21.       
Assignment. This Agreement shall not be assignable by any party without the prior written consent of the other parties
hereto.

 

22.       
Choice of Law. This Agreement shall be governed by and construed in accordance with the laws of the State of New York without
giving effect to conflicts of law principles thereof.

 

23.       
Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original,
and all of which together shall constitute one and the same instrument and any one of which may be introduced in evidence or used
for any other purpose without the production of its duplicate counterparts.

 

24.       
Headings. The headings of the foregoing paragraphs of this Agreement are inserted herein for convenience of reference only
and are not intended to be a part of or to affect the meaning or interpretation of this Agreement.

 

[Signature
Page Follows]

 

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

 

	 	Escrow Agent:
	 	LOEB & LOEB LLP
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

	 	Purchaser:
	 	 
	 	ATLANTIC ACQUISITION CORP.
	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

	 	 	STOCKHOLDERS’ REPRESENTATIVE
	 	 	 
	 	 	 
	 	 	Ni, Zhou Min
	 	 	 

  

    7 

     

    

 

EXHIBIT
A 

	Stockholder	Percentage
	Zhou
    Min Ni	33.50%
	Irrevocable
    Trust for Raymond Ni	28.00%
	Irrevocable
    Trust for Amanda Ni	4.00%
	Irrevocable
    Trust for Ivy Ni	4.00%
	Irrevocable
    Trust for Tina Ni	4.00%
	HT
    Group Holding, LLC	9.50%
	Wah
    Lam	7.00%
	Wei
    Hui Kwok	2.00%
	Jin
    Zhang	2.00%
	Xinsen
    Zheng	4.00%
	Jian
    Ming Ni	1.00%
	Qiao
    Chen	1.00%

 

    8EXHIBIT 10.9

 

FORM OF REGISTRATION RIGHTS AGREEMENT

 

FORM OF

 

REGISTRATION RIGHTS AGREEMENT

 

THIS REGISTRATION RIGHTS AGREEMENT (this
“Agreement”) is entered into as of the ____ day of August, 2018, by and among HF Food Group, Inc., formerly
known as Atlantic Acquisition Corp., a Delaware corporation (the “Company”) and the undersigned parties
listed under Stockholder on the signature page hereto (each, an “Stockholder” and collectively, the “Stockholders”).

 

WHEREAS, pursuant to a Merger Agreement
dated as of March 27, 2018 (“Merger Agreement”) by and among the Company, the Stockholders and certain other
persons and entities, the Stockholders agreed to accept shares of Common Stock of the Company in exchange for their shares of Common
Stock of HF Group Holding Corporation (“HF Group”), and HF Group became a wholly-owned subsidiary of the Company
in a tax free reorganization and merger under Section 368 of the Internal Revenue Code;

 

WHEREAS, pursuant to the terms of the Merger
Agreement, the Company agreed to register the Merger Shares (as defined below) held by the Stockholders for resale under the Securities
Act (as defined below and the Stockholders and the Company desire to enter into this Agreement to provide the Stockholders with
certain rights relating to the registration of the securities held by them as of the date hereof;

 

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.
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.

 

“Business Combination”
means the acquisition of direct or indirect ownership through a merger, share exchange, asset acquisition, share purchase, recapitalization,
reorganization or other similar type of transaction, of one or more businesses or entities.

 

“Commission” means
the Securities and Exchange Commission, or any other Federal agency then administering the Securities Act or the Exchange Act.

 

“Common Stock”
means the common stock, par value $0.0001 per share, of the Company.

 

     

     

    

 

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

 

“Exchange Act”
means the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission promulgated thereunder,
all as the same shall be in effect at the time.

 

“Form S-3” is
defined in Section 2.3.

 

“Indemnified Party”
is defined in Section 4.3.

 

“Indemnifying Party”
is defined in Section 4.3.

 

“Stockholder Indemnified Party”
is defined in Section 4.1.

 

“Maximum Number of Shares”
means the number of shares of Common Stock of the Company in an underwritten offering, if the managing Underwriter or Underwriters
advises the Company in writing that the dollar amount or number of shares of Registrable Securities which the Stockholders desire
to sell, taken together with all other shares of Common stock or other securities which the Company desires to sell and the shares
of Common Stock, if any, as to which registration has been requested pursuant to written contractual registration rights held by
other shareholders of the Company who desire to sell, which 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.

 

“Merger Shares” means
the shares of Common Stock of the Company issued or issuable to the Stockholders pursuant to the terms of the Merger Agreement.

 

“Notices” is defined
in Section 6.3.

 

“Piggy-Back Registration”
is defined in Section 2.1.1.

 

“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.

 

“Registrable Securities”
means (i) the Merger Shares and (ii) any warrants, shares of capital stock or other securities of the Company issued as a dividend
or other distribution with respect to or in exchange for or in replacement of such Merger 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 the Company 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.

 

    2 

     

    

 

“Registration Statement”
means a registration statement filed by the Company with the Commission 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 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).

 

“SEC” means the
Securities and Exchange Commission.

 

“Securities Act”
means the Securities Act of 1933, as amended, and the rules and regulations of the Commission promulgated thereunder, all as the
same shall be in effect at the time.

 

“Stockholder” is defined
in the preamble to this Agreement.

 

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

 

2.         REGISTRATION
RIGHTS.

 

2.1       Piggy-Back
Registration.

 

2.1.1 
      Piggy-Back Rights. If at any time on or after the date of this Agreement the
Company 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 the Company
for its own account or for shareholders of the Company for their account (or by the Company and by shareholders of the
Company), other than a Registration Statement (i) filed in connection with any employee stock option or other benefit plan,
(ii) for an exchange offer or offering of securities solely to the Company’s existing shareholders, (iii) for an
offering of debt that is convertible into equity securities of the Company or (iv) for a dividend reinvestment plan, then the
Company shall (x) give written notice of such proposed filing to the holders of 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 the holders of Registrable
Securities in such notice the opportunity to register the sale of such number of shares of Registrable Securities as such
holders may request in writing within five (5) days following receipt of such notice (a “Piggy-Back
Registration”). The Company 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 the Company and to permit the sale or other disposition of such Registrable Securities in accordance
with the intended method(s) of distribution thereof. All holders of 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.

 

    3 

     

    

 

2.1.2       Reduction of Offering.
If the managing Underwriter or Underwriters for a Piggy-Back Registration under this Agreement or a demand registration on behalf
of other holders of the Company’s securities under that certain Registration Rights Agreement dated as of August 8, 2017
(“Prior Agreement”) that is to be an underwritten offering advises the Company and the holders of Registrable Securities
hereunder in writing that the dollar amount or number of shares of Common Stock which the Company desires to sell, taken together
with the shares of Common Stock, if any, as to which registration has been demanded pursuant to the Prior Agreement , the Registrable
Securities as to which registration shall otherwise be required under this Section 2.1, and the shares of Common Stock, if any,
as to which registration has been requested pursuant to the this Agreement and the Prior Agreement, exceeds the Maximum Number
of Shares in an underwritten offering, then the Company shall include in any such registration:

 

a)          If
the registration is undertaken for the Company’s account and the Company has previously complied with a demand registration
made pursuant to the Prior Agreement or the date of the initial filing of the registration statement for such offering is more
than 12 months after the date of this Agreement: (A) first, the shares of Common Stock or other securities that the Company desires
to sell that can be sold without exceeding the Maximum Number of Shares; (B) second, to the extent that the Maximum Number of Shares
has not been reached under the foregoing clause (A), the shares of Common Stock or other securities, if any, comprised of Registrable
Securities, as to which registration has been requested pursuant to the applicable piggy-back registration rights of security holders
party to this Agreement, and the holders of securities under the Prior Agreement, Pro Rata, that can be sold without exceeding
the Maximum Number of Shares; and (C) third, to the extent that the Maximum Number of Shares has not been reached under the foregoing
clauses (A) and (B), the shares of Common Stock or other securities for the account of other persons that the Company is obligated
to register pursuant to written contractual piggy-back registration rights with such persons and that can be sold without exceeding
the Maximum Number of Shares;

 

(b)        If
the registration is undertaken for the Company’s account and the Company has not complied with a demand registration made
pursuant to the Prior Agreement or the date of the initial filing of the registration statement for such offering is within 12
months of the date of this Agreement: (A) first, the shares of Common Stock or other securities that the Company desires to sell
that can be sold without exceeding the Maximum Number of Shares; (B) second, to the extent that the Maximum Number of Shares has
not been reached under the foregoing clause (A), to the holders of securities party to the Prior Agreement, (C) third, to the extent
that the Maximum Number of Shares has not been reached under the foregoing clauses (A) and (B), the shares of Common Stock or other
securities, if any, comprised of Registrable Securities, as to which registration has been requested pursuant to the applicable
piggy-back registration rights of security holders party to this Agreement, and the holders of securities under the Prior Agreement,
Pro Rata, that can be sold without exceeding the Maximum Number of Shares; and (D) fourth, to the extent that the Maximum Number
of Shares has not been reached under the foregoing clauses (A), (B) and (C), the shares of Common Stock or other securities for
the account of other persons that the Company is obligated to register pursuant to written contractual piggy-back registration
rights with such persons and that can be sold without exceeding the Maximum Number of Shares;

 

    4 

     

    

 

c)          If
the registration is a “demand” registration undertaken at the demand of persons , (A) first, the shares of Common Stock
or other securities for the account of the demanding persons under the Prior Agreement that can be sold without exceeding the Maximum
Number of Shares; (B) second, to the extent that the Maximum Number of Shares has not been reached under the foregoing clause (A),
the shares of Common Stock or other securities that the Company desires to sell that can be sold without exceeding the Maximum
Number of Shares; (C) third, to the extent that the Maximum Number of Shares has not been reached under the foregoing clauses (A)
and (B), collectively the shares of Common Stock or other securities comprised of Registrable Securities, Pro Rata, as to which
registration has been requested pursuant to the terms hereof, that can be sold without exceeding the Maximum Number of Shares;
and (D) fourth, to the extent that the Maximum Number of Shares has not been reached under the foregoing clauses (A), (B) and (C),
the shares of Common Stock or other securities for the account of other persons that the Company is obligated to register pursuant
to written contractual arrangements with such persons, that can be sold without exceeding the Maximum Number of Shares.

 

2.1.3       Withdrawal. Any holder
of Registrable Securities may elect to withdraw such holder’s request for inclusion of Registrable Securities in any Piggy-Back
Registration by giving written notice to the Company of such request to withdraw prior to the effectiveness of the Registration
Statement. The Company (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. Notwithstanding any such withdrawal, the Company shall pay all expenses incurred by the holders of Registrable Securities
in connection with such Piggy-Back Registration as provided in Section 3.3.

 

2.1.4       Registrations on Form S-3.
The holders of Registrable Securities may at any time and from time to time, request in writing that the Company register the resale
of any or all of such Registrable Securities on Form S-3 or any similar short-form registration which may be available to the Company
under the Securities Act and he rules and regulations of the SEC at such time (“Form S-3”); provided,
however, that the Company shall not be obligated to effect such request through an underwritten offering. Upon receipt of such
written request, the Company will promptly give written notice of the proposed registration to all other holders of Registrable
Securities, and, as soon as practicable thereafter, effect the registration of all or such portion of such holder’s or holders’
Registrable Securities as are specified in such request, together with all or such portion of the Registrable Securities or other
securities of the Company, if any, of any other holder or holders joining in such request as are specified in a written request
given within fifteen (15) days after receipt of such written notice from the Company; provided, however, that the Company shall
not be obligated to effect any such registration pursuant to this Section 2.3: (i) if Form S-3 is not available for such offering;
or (ii) if the holders of the Registrable Securities, together with the holders of any other securities of the Company 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 $500,000.

 

    5 

     

    

 

3.         REGISTRATION
PROCEDURES.

 

3.1       Filings;
Information. Whenever the Company is required to effect the registration of any Registrable Securities pursuant to Section
2, the Company 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   
    Copies. The Company shall, prior to filing a Registration Statement or prospectus, or any
amendment or supplement thereto, furnish without charge to the holders of Registrable Securities included in such
registration, and such holders’ 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 the holders of Registrable Securities included in such registration or legal counsel
for any such holders may request in order to facilitate the disposition of the Registrable Securities owned by such
holders.

 

3.1.2   
    Amendments and Supplements. The Company shall prepare and file with the Commission 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.

 

3.1.3   
    Notification. After the filing of a Registration Statement, the Company shall promptly, and in
no event more than two (2) business days after such filing, notify the holders of Registrable Securities included in such
Registration Statement of such filing, and shall further notify such holders promptly and confirm such advice in writing in
all events within two (2) business days of 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 Commission of any stop order (and the Company 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 Commission 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 the holders of Registrable Securities included
in such Registration Statement any such supplement or amendment; except that before filing with the Commission a Registration
Statement or prospectus or any amendment or supplement thereto, including documents incorporated by reference, the Company
shall furnish to the holders of Registrable Securities included in such Registration Statement and to the legal counsel for
any such holders, copies of all such documents proposed to be filed sufficiently in advance of filing to provide such holders
and legal counsel with a reasonable opportunity to review such documents and comment thereon, and the Company shall not file
any Registration Statement or prospectus or amendment or supplement thereto, including documents incorporated by reference,
to which such holders or their legal counsel shall object.

 

    6 

     

    

 

3.1.4  
     State Securities Laws Compliance. The Company 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 the holders of Registrable Securities included in such Registration
Statement (in light of their intended plan of distribution) may 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 the Company and do any and all other acts and
things that may be necessary or advisable to enable the holders of Registrable Securities included in such
Registration Statement to consummate the disposition of such Registrable Securities in such jurisdictions; provided, however,
that the Company 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 subject itself to taxation in any such jurisdiction.

 

3.1.5    
   Agreements for Disposition. The Company 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 the
Company 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 the holders of Registrable Securities included in such registration statement.
No holder of 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 holder’s organization, good
standing, authority, title to Registrable Securities, lack of conflict of such sale with such holder’s material
agreements and organizational documents, and with respect to written information relating to such holder that such holder has
furnished in writing expressly for inclusion in such Registration Statement or as otherwise provided herein.

 

    7 

     

    

 

3.1.6        Cooperation. The principal
executive officer of the Company, the principal financial officer of the Company, the principal accounting officer of the Company
and all other officers and members of the management of the Company shall cooperate fully in any offering of Registrable Securities
hereunder, which cooperation shall include, without limitation, 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 stockholders.

 

3.1.7        Records. The Company
shall make available for inspection by the holders of 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 holder of Registrable Securities included in such Registration Statement or any Underwriter, all financial and other records,
pertinent corporate documents and properties of the Company, as shall be necessary to enable them to exercise their due diligence
responsibility, and cause the Company’s officers, directors and employees to supply all information requested by any of them
in connection with such Registration Statement.

 

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

 

3.1.8        Earnings Statement.
The Company shall comply with all applicable rules and regulations of the Commission 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.

 

3.1.10      Listing. The Company
shall use its best efforts to cause all Registrable Securities included in any registration to be listed on such exchanges or otherwise
designated for trading in the same manner as similar securities issued by the Company are then listed or designated or, if no such
similar securities are then listed or designated, in a manner satisfactory to the holders of a majority of the Registrable Securities
included in such registration.

 

3.1.11     Road Show. If the registration
involves the registration of Registrable Securities involving gross proceeds in excess of $5,000,000, the Company shall use its
reasonable efforts to make available senior executives of the Company 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 the Company of the happening of any event of the kind described in
Section 3.1.3 (iv), or, in the case of a resale registration on Form S-3 pursuant to Section 2.3 hereof, upon any suspension by
the Company, pursuant to a written insider trading compliance program adopted by the Company’s Board of Directors, of the
ability of all “insiders” covered by such program to transact in the Company’s securities because of the existence
of material non-public information, each holder of 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
holder receives the supplemented or amended prospectus contemplated by Section 3.1.4(iv) or the restriction on the ability of “insiders”
to transact in the Company’s securities is removed, as applicable, and, if so directed by the Company, each such holder will
deliver to the Company all copies, other than permanent file copies then in such holder’s possession, of the most recent
prospectus covering such Registrable Securities at the time of receipt of such notice.

 

    8 

     

    

 

3.3       Registration
Expenses. The Company shall bear all costs and expenses incurred in connection with any Piggy-Back Registration pursuant to
Section 2.1, and any registration on Form S-3 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, without
limitation: (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) the Company’s internal expenses (including, without limitation, 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 the Company and
fees and expenses for independent certified public accountants retained by the Company (including the expenses or costs associated
with the delivery of any opinions or comfort letters requested pursuant to Section 3.1.9); (viii) the reasonable fees and expenses
of any special experts retained by the Company in connection with such registration and (ix) the reasonable fees and expenses of
one legal counsel selected by the holders of a majority-in-interest of the Registrable Securities included in such registration.
The Company 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 shareholders and the Company shall bear the expenses of the Underwriter pro rata in proportion
to the respective amount of shares each is selling in such offering.

 

3.4       Information.
The holders of Registrable Securities shall provide such information as may reasonably be requested by the Company, or the managing
Underwriter, if any, in connection with the preparation of any 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 Company’s obligation to comply with Federal and applicable state securities laws. In addition, the holders of Registrable
Securities shall comply with all prospectus delivery requirements under the Securities Act and applicable SEC regulations.

 

    9 

     

    

 

4.         INDEMNIFICATION
AND CONTRIBUTION.

 

4.1       Indemnification
by the Company. The Company agrees to indemnify and hold harmless each Stockholder and each other holder of Registrable Securities,
and each of their respective officers, employees, affiliates, directors, partners, members, attorneys and agents, and each person,
if any, who controls an Stockholder and each other holder of Registrable Securities (within the meaning of Section 15 of the Securities
Act or Section 20 of the Exchange Act) (each, an “Stockholder 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 (or allegedly 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 (or alleged omission) to state a material fact required to be stated therein or necessary to make the statements
therein not misleading, or any violation by the Company of the Securities Act or any rule or regulation promulgated thereunder
applicable to the Company and relating to action or inaction required of the Company in connection with any such registration;
and the Company shall promptly reimburse the Stockholder Indemnified Party for any legal and any other expenses reasonably incurred
by such Stockholder Indemnified Party in connection with investigating and defending any such expense, loss, judgment, claim, damage,
liability or action; provided, however, that the Company 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 allegedly untrue statement or omission
or alleged 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 the Company, in writing, by such
selling holder expressly for use therein. The Company 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.

 

4.2       Indemnification
by Holders of Registrable Securities. Each selling holder of 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 holder,
indemnify and hold harmless the Company, 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 or allegedly 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 or the alleged 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 the Company by such selling holder
expressly for use therein, and shall reimburse the Company, its directors and officers, 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 holder’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 holder.

 

    10 

     

    

 

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.

 

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 or alleged untrue statement of a material fact or the omission or alleged 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.

 

    11 

     

    

 

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.         RULE
144.

 

5.1       Rule
144. The Company 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 the holders of Registrable Securities may reasonably request, all to the extent required
from time to time to enable such holders 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 Rules may be amended from time to time, or
any similar rule or regulation hereafter adopted by the Commission.

 

6.         MISCELLANEOUS.

 

6.1       Assignment;
No Third Party Beneficiaries. This Agreement and the rights, duties and obligations of the Company hereunder may not be assigned
or delegated by the Company in whole or in part. This Agreement and the rights, duties and obligations of the holders of Registrable
Securities hereunder may be freely assigned or delegated by such holder of Registrable Securities in conjunction with and to the
extent of any transfer of Registrable Securities by any such holder. 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 Stockholders or holder of Registrable
Securities or of any assignee of the Stockholders or holder of Registrable Securities. 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.

 

    12 

     

    

 

6.2       Notices. All notices, demands, requests, consents, approvals or other communications
(collectively, “Notices”) required or permitted to be given hereunder or which are given with
respect to this Agreement shall be in writing and shall be personally served, delivered by reputable air courier service with
charges prepaid, or transmitted by hand delivery, telegram, telex or facsimile, addressed as set forth below, or to such
other address as such party shall have specified most recently by written notice. Notice shall be deemed given on the date of
service or transmission if personally served or transmitted by telegram, telex or facsimile; provided, that if such service
or transmission is not on a business day or is after normal business hours, then such notice shall be deemed given on the
next business day. Notice otherwise sent as provided herein shall be deemed given on the next business day following timely
delivery of such notice to a reputable air courier service with an order for next-day delivery.

 

To the Company:

____________________________

____________________________

____________________________

Attn: ______________, Chief Executive Officer

 

with a copy to:

 

Becker & Poliakoff 

45 Broadway, 17th
Floor 

New York, NY 10006 

Attn: Jie Xiu, Esq. 

To an Stockholder, to the address set forth below
such Stockholder’s name on Exhibit A hereto.

 

6.3       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.

 

6.4       Counterparts.
This Agreement may be executed in multiple counterparts, each of which shall be deemed an original, and all of which taken together
shall constitute one and the same instrument.

 

6.5       Entire
Agreement. This Agreement (including all agreements entered into pursuant hereto and all certificates and instruments delivered
pursuant hereto and thereto) constitute the entire agreement of the parties with respect to the subject matter hereof and supersede
all prior and contemporaneous agreements, representations, understandings, negotiations and discussions between the parties, whether
oral or written.

 

6.6       Modifications
and Amendments. No amendment, modification or termination of this Agreement shall be binding upon the Company unless executed
in writing by the Company. No amendment, modification or termination of this Agreement shall be binding upon the holders of the
Registrable Securities unless executed in writing by the holders of the majority Registrable Securities.

 

    13 

     

    

 

6.7       Titles
and Headings. Titles and headings of sections of this Agreement are for convenience only and shall not affect the construction
of any provision of this Agreement.

 

6.8       Waivers
and Extensions. Any party to this Agreement may waive any right, breach or default which such party has the right to waive,
provided that such waiver will not be effective against the waiving party unless it is in writing, is signed by such party, and
specifically refers to this Agreement. Waivers may be made in advance or after the right waived has arisen or the breach or default
waived has occurred. Any waiver may be conditional. No waiver of any breach of any agreement or provision herein contained shall
be deemed a waiver of any preceding or succeeding breach thereof nor of any other agreement or provision herein contained. No waiver
or extension of time for performance of any obligations or acts shall be deemed a waiver or extension of the time for performance
of any other obligations or acts.

 

6.9       Remedies
Cumulative. In the event that the Company fails to observe or perform any covenant or agreement to be observed or performed
under this Agreement, the Stockholder or any other holder of Registrable Securities 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     Governing
Law. This Agreement shall be governed by, interpreted under, and construed in accordance with the internal laws of the State
of New York applicable to agreements made and to be performed within the State of New York, without giving effect to any choice-of-law
provisions thereof that would compel the application of the substantive laws of any other jurisdiction.

 

6.11     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 Stockholder in the negotiation, administration, performance
or enforcement hereof.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

    14 

     

    

 

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

 

	 	COMPANY:
	 	 	 
	 	HF Foods Group, Inc.
	 	 	 
	 	By:	
	 	Name:	Zhou Min Ni
	 	Title:	Chief Executive Officer
	 	 	 
	 	STOCKHOLDERS:
	 	 	 
	 	Zhou Min Ni
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 

 

    15 

     

    

 

EXHIBIT A

 

	Name and Address of Shareholders
	
        To all Shareholders:

 

    16

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