Document:

Exhibit
10.1

 

SHARE
EXCHANGE AGREEMENT

 

THIS
SHARE EXCHANGE AGREEMENT, dated as of November 17, 2021 (the “Agreement”), is made by and among Republic
Power Group Limited (the “RP BVI”), Sai Bin Loi (the “Shareholder”) who owns all
the issued and outstanding shares of Republic Power Pte. Ltd. (“RP Singapore”), a company incorporated in Singapore
(individually a “Party” or collectively “Parties”).

 

RECITALS

 

WHEREAS,
RP BVI was formed solely for the purpose of serving as the holding company for RP Singapore;

 

WHEREAS,
the Shareholder desire to exchange their equity interest in RP Singapore for ordinary shares of RP BVI, and RP BVI has agreed to issue
its ordinary shares in connection with such exchange, upon the terms and conditions set forth in this Agreement;

 

WHEREAS,
for United States federal income tax purposes, it is intended that the Exchange (as defined below) will qualify as an exchange under
the provisions of Section 351(a) of the Code.

 

WHEREAS,
following the Exchange (as defined below), RP Singapore will become a wholly-owned subsidiary of RP BVI.

 

NOW,
THEREFORE, for and in consideration of the foregoing premises, the mutual covenants and agreements contained herein, and for other
good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties, intending to be legally bound,
hereby agree as follows:

 

SECTION
I

EXCHANGE
OF SHARES

 

1.1
On the terms and subject to the conditions set forth in this Agreement, at the Closing (i) Shareholder will sell, convey, transfer
and assign to RP BVI, free and clear of all liens, pledges, encumbrances, changes, restrictions or known claims of any kind, nature or
description, and RP BVI will purchase and accept from Shareholder, 100% of the equity interest of RP Singapore (the “RP Singapore
Shares”), in the individual percentages as set forth on Schedule A, and (ii) in exchange for the transfer
of such securities by the Shareholder, RP BVI will sell, convey, transfer and assign to Shareholder, and Shareholder will purchase and
accept from RP BVI, T6,875 newly-issued ordinary shares of RP BVI, par value $1.00 per share, in the aggregate (the “RP BVI
Shares”) (such exchange referred to herein as the “Exchange”). Upon completion of the Exchange,
100% of the equity interest of RP Singapore shall be held directly by RP BVI. 

 

1.2
The closing of the Exchange shall occur on the date of this Agreement at the offices of RP BVI, Vistra Corporate Services Centre, Wickham
Cay II, Road Town, Tortola, VG1110, British Virgin Islands, or at such other date, time and place or manner as may be agreed upon by
the parties.

 

SECTION
II

SHAREHOLDERS
REPRESENTATIONS AND

WARRANTIES.

 

The
Shareholder hereby represents and warrants to RP Singapore and RP BVI, all of which representations and warranties are true, complete,
and correct in all respects as of the date hereof and will be as of the Closing, as follows:

 

2.1
Such Shareholder has the right, power, legal capacity and authority to enter into and perform such Shareholder’s obligations under
this Agreement; and no approvals or consents are necessary in connection with it. All of the ordinary shares of RP Singapore owned by
such Shareholder are owned free and clear of all liens, pledges, encumbrances, changes, restrictions or known claims of any kind, nature
or description.

 

     

     

    

 

2.2
The equity interest of RP Singapore owned by such Shareholder will, at the Closing, be validly transferred to RP BVI free and clear of
any encumbrances and from all taxes, liens and charges with respect to the transfer thereof and such ordinary shares of RP Singapore
shall be fully paid and non-assessable with the holder being entitled to all rights accorded to a holder of ordinary shares of RP Singapore.

 

2.3
The Shareholder understands that the RP BVI Shares have not been registered under the Securities Act of 1933, as amended (the “Securities
Act”) or any other applicable securities laws. Each such Shareholder also understands that the RP BVI Shares are being
offered and issued pursuant to an exemption from the registration requirements of the Securities Act, under Section 4(2) and/or
Regulation S of the Securities Act. Each such Shareholder acknowledges that RP BVI will rely on such Shareholder’s representations,
warranties and certifications set forth below for purposes of determining such Shareholder’s suitability as an investor in the
RP BVI Shares and for purposes of confirming the availability of the Section 4(2) and/or Regulation S exemption from the registration
requirements of the Securities Act.

 

2.4
The Shareholder has received all the information such Shareholder considers necessary or appropriate for deciding whether to acquire
the RP BVI Shares. The Shareholder understands the risks involved in an investment in the RP BVI Shares. The Shareholder further represents
that such Shareholder has had an opportunity to ask questions and receive answers from RP BVI regarding the terms and conditions of the
offering of the RP BVI Shares and the business, properties, prospects, and financial condition of RP BVI and to obtain such additional
information (to the extent RP BVI possessed such information or could acquire it without unreasonable effort or expense) necessary to
verify the accuracy of any information furnished to such Shareholder or to which such Shareholder had access.

 

2.5
The Shareholder is acquiring the RP BVI Shares for such Shareholder’s own account for investment only and not with a view towards
their resale or “distribution” (within the meaning of the Securities Act) of any part of the RP BVI Shares.

 

2.6
The Shareholder understands that the RP BVI Shares may not be offered, sold or otherwise transferred except in compliance with the registration
requirements of the Securities Act and any other applicable securities laws or pursuant to an exemption therefrom, and in each case in
compliance with the conditions set forth in this Agreement. The Shareholder acknowledges and is aware that the RP BVI Shares may not
be sold pursuant to Rule 144 adopted under the Securities Act unless certain conditions are met and until such Shareholder has held the
RP BVI Shares for the applicable holding period under Rule 144.

 

2.7
The Shareholder acknowledges and agrees that each certificate representing the RP BVI Shares shall bear a legend substantially in the
following form:

 

“THE
SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “1933 ACT”),
OR ANY STATE SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING SUCH SECURITIES, AGREES FOR THE BENEFIT OF ALE GROUP HOLDING LIMITED (THE
“COMPANY”) THAT SUCH SECURITIES MAY BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A) TO THE COMPANY, (B) PURSUANT
TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE 1933 ACT AND IN COMPLIANCE WITH ANY APPLICABLE LOCAL SECURITIES LAWS AND REGULATIONS,
(C) OUTSIDE THE UNITED STATES IN ACCORDANCE WITH RULE 904 OF REGULATION S UNDER THE 1933 ACT AND IN COMPLIANCE WITH ANY APPLICABLE LOCAL
SECURITIES LAWS AND REGULATIONS, (D) IN COMPLIANCE WITH THE EXEMPTION FROM REGISTRATION UNDER THE 1933 ACT PROVIDED BY RULE 144 THEREUNDER,
IF AVAILABLE, AND IN COMPLIANCE WITH ANY APPLICABLE STATE SECURITIES LAWS OR (E) IN A TRANSACTION THAT DOES NOT REQUIRE REGISTRATION
UNDER THE 1933 ACT AND IN COMPLIANCE WITH ANY APPLICABLE STATE SECURITIES LAWS, PROVIDED THAT, IN THE CASE OF (C), (D) OR (E), THE HOLDER
HAS DELIVERED TO THE COMPANY AND THE REGISTRAR AND TRANSFER AGENT AN OPINION OF COUNSEL OF RECOGNIZED STANDING IN FORM AND SUBSTANCE
REASONABLY SATISFACTORY TO THE COMPANY AND THE REGISTRAR AND TRANSFER AGENT TO SUCH EFFECT. HEDGING TRANSACTIONS INVOLVING THE SECURITIES
ARE PROHIBITED EXCEPT IN COMPLIANCE WITH THE 1933 ACT”

 

2.8
The Shareholder has not relied on and is not relying on any representations, warranties or other assurances regarding RP BVI other than
the representations and warranties expressly set forth in this Agreement.

 

    2

     

    

 

SECTION
III

RP
SINGAPORE REPRESENTATIONS AND

WARRANTIES.

 

RP
Singapore hereby represents and warrants to Shareholder and RP BVI, all of which representations and warranties are true, complete, and
correct in all respects as of the date hereof and will be as of the Closing, as follows:

 

3.1
RP Singapore is a company formed in Singapore and duly organized, validly existing and in good standing under the laws of the jurisdiction
of its incorporation.

 

3.2
RP Singapore has full power and authority to enter into and perform its obligations under this Agreement. This Agreement has been duly
executed by RP Singapore and constitutes the legal, valid, binding and enforceable obligation of RP Singapore, enforceable against RP
Singapore in accordance with its terms. The execution and delivery of this Agreement and the consummation by RP Singapore of the transactions
contemplated herein do not and will not on the Closing (A) conflict with or violate any of the terms of the articles of incorporation
and bylaws of RP Singapore or any applicable law relating to RP Singapore, (B) conflict with, or result in a breach of any of the
terms of, or result in the acceleration of any indebtedness or obligations under, any material agreement, obligation or instrument by
which RP Singapore is bound or to which any property of RP Singapore is subject, or constitute a default thereunder, other than those
material agreements, obligations or instruments for which RP Singapore has obtained consent for the transactions contemplated under this
Agreement, (C) result in the creation or imposition of any lien on any of the assets of RP Singapore, (D) constitute an event
permitting termination of any material agreement or instrument to which RP Singapore is a party or by which any property or asset of
RP Singapore is bound or affected, pursuant to the terms of such agreement or instrument, other than those material agreements or instruments
for which RP Singapore has obtained consent for the transactions contemplated under this Agreement, or (E) conflict with, or result
in or constitute a default under or breach or violation of or grounds for termination of, any license, permit or other governmental authorization
to which RP Singapore is a party or by which RP Singapore may be bound, or result in the violation by RP Singapore of any laws to which
RP Singapore may be subject, which would materially adversely affect the transactions contemplated herein. No authorization, consent
or approval of, notice to, or filing with, any public body or governmental authority or any other person is necessary or required in
connection with the execution and delivery by RP Singapore of this Agreement or the performance by RP Singapore of its obligations hereunder.

 

3.3
The RP Singapore Shares constitute all of the equity interests of RP Singapore. No securities of RP Singapore are entitled to pre-emptive
or similar rights, and no person has any right of first refusal, pre-emptive right, right of participation, or any similar right to participate
in the transactions contemplated by this Agreement. There are no outstanding options, warrants, rights to subscribe to, calls or commitments
of any character whatsoever relating to, or securities, rights or obligations convertible into or exchangeable for, or giving any person
any right to subscribe for or acquire, equity interests of RP Singapore. The issuance of RP Singapore Shares contemplated by this Agreement
will not, immediately or with the passage of time; (A) obligate RP Singapore to issue equity interests of RP Singapore or other
securities to any person, or (B) result in a right of any holder of RP Singapore securities to adjust the exercise, conversion,
exchange or reset price of such securities.

 

    3

     

    

 

SECTION
IV

 RP
BVI REPRESENTATIONS AND WARRANTIES.

 

RP
BVI hereby acknowledges, represents and warrants to, and agrees with the Shareholder and RP Singapore (which representations and warranties
will be true and correct as of the date of the Closing as if they were made on the date of Closing) as follows:

 

4.1
RP BVI has been duly organized, is validly existing and is in good standing under the laws of British Virgin Islands. RP BVI has full
corporate power and authority to enter into this Agreement and this Agreement, has been duly and validly authorized, executed and delivered
by RP BVI and are valid and binding obligations of RP BVI, enforceable against RP BVI in accordance with their terms.

 

4.2
Subject to the performance by the Shareholder and RP Singapore of their respective obligations under this Agreement and the accuracy
of the representations and warranties of the Shareholder and RP Singapore, the offering and exchange of the RP BVI Shares will be exempt
from the registration requirements of the Securities Act.

 

4.3
The execution and delivery by RP BVI of, and the performance by RP BVI of its obligations hereunder in accordance with its terms will
not contravene any provision of the charter documents of RP BVI.

 

4.4
The RP BVI Shares have been duly authorized and, when issued and delivered as provided by this Agreement, will be validly issued and
fully paid and non-assessable, and the RP BVI Shares are not subject to any preemptive or similar rights.

 

4.5
RP BVI is not in violation of its memorandum of association or articles of association and is not in material default in the performance
of any bond, debenture, note or any other evidence of indebtedness or any indenture, mortgage, deed of trust, license, contract, lease
or other instrument to which RP BVI is a party or by which it is bound, or to which any of the property or assets of RP BVI is subject,
except such as have been waived or which would not, singly or in the aggregate, prevent RP BVI from discharging its obligations under
this Agreement.

 

SECTION
V

GENERAL
PROVISIONS

 

5.1
Releases and Waivers of Shareholder. Each Shareholder on its own behalf hereby acknowledges and agrees that the percentage
of RP Singapore Shares set forth on Schedule A represents the entire RP Singapore Shares held by such Shareholder as of the date of this
Agreement and as of the Closing. Each Shareholder hereby releases RP BVI from all obligations, liabilities and causes of action arising
before, on or after the date of this Agreement, out of or in relation to any entitlement which such Shareholder may have with respect
to any RP Singapore Shares in excess of the number of RP Singapore Shares set forth on Schedule A. Each Shareholder hereby generally,
irrevocably, unconditionally and completely waives any and all rights to receive any anti-dilution protection to which such Shareholder
may be entitled under the articles of incorporation, bylaws or other organizational documents of RP Singapore or under any other agreement
or instrument in connection with the Exchange. Except for the RP BVI Shares to be issued in connection with the Exchange, each Shareholder
hereby generally, irrevocably, unconditionally and completely waives any and all rights existing as of the date hereof to receive options,
depository receipts, warrants, stock appreciation or similar rights to acquire or receive securities in RP Singapore or RP BVI.

 

5.2
Survival. All representations, warranties, covenants, and obligations in this Agreement shall survive until the expiration
of the applicable statute of limitation with respect to the underlying claim to which such representation, warranty, covenant, or obligation
relates.

 

    4

     

    

 

5.3
Written Changes. Neither this Agreement nor any provision hereof may be changed, waived, discharged or terminated
orally, except by a statement in writing signed by the Party against which enforcement of the change, waiver, discharge or termination
is sought.

 

4.4
Delays or Omissions. Except as expressly provided herein, no delay or omission to exercise any right, power
or remedy accruing to any party under this Agreement shall impair any such right, power or remedy of such party nor shall it be construed
to be a waiver of any such breach or default, or an acquiescence thereto, or of a similar breach or default thereafter occurring; nor
shall any waiver of any single breach or default be deemed a waiver of any other breach or default theretofore or thereafter occurring. Any
waiver, permit, consent or approval of any kind or character on the part of any party hereto of any breach or default under this Agreement,
or any waiver on the part of any party of any provisions or conditions of this Agreement, must be in writing and shall be effective only
to the extent specifically set forth in such writing.

 

5.5
Entire Agreement. This Agreement constitutes the entire understanding and agreement of the Parties with respect
to the subject matter hereof and supersedes all prior and contemporaneous agreements or understandings, inducements or conditions, express
or implied, written or oral, between the Parties with respect hereto. The express terms hereof control and supersede any course
of performance or usage of the trade inconsistent with any of the terms hereof.

 

5.6
Severability. Should any one or more of the provisions of this Agreement or of any agreement entered into pursuant
to this Agreement be determined to be illegal or unenforceable, all other provisions of this Agreement and of each other agreement entered
into pursuant to this Agreement, shall be given effect separately from the provision or provisions determined to be illegal or unenforceable
and shall not be affected thereby. The Parties further agree to replace such void or unenforceable provision of this Agreement
with a valid and enforceable provision which will achieve, to the extent possible, the economic, business and other purposes of the void
or unenforceable provision.

 

5.7
Successors and Assigns. The terms and conditions of this Agreement shall inure to the benefit of and be binding upon
and be enforceable by the successors and assigns of the Parties.

 

5.8
Governing Law. The validity, terms, performance and enforcement of this Agreement shall be governed and construed
by the provisions hereof and in accordance with the laws of the State of New York applicable to agreements that are negotiated, executed,
delivered and performed in the State of New York.

 

5.9
Counterparts. This Agreement may be executed concurrently in two or more counterparts, each of which shall be
deemed an original, but all of which together shall constitute one and the same instrument and shall become effective when counterparts
have been signed by each Party and delivered to the other Party.

 

5.10
Further Assurances. Each party shall do and perform, or cause to be done and performed, all such further acts
and things, and shall execute and deliver all such other agreements, certificates, instruments and documents, as the other party may
reasonably request in order to carry out the intent and accomplish the purposes of this Agreement and the consummation of the transactions
contemplated hereby.

 

5.11
Third Party Beneficiaries. Nothing expressed or implied in this Agreement is intended, or shall be construed,
to confer upon or give any person other than the Parties any rights or remedies under or by reason of this Agreement.

 

4.12
 Headings. The headings of this Agreement are for convenience of reference and shall not form part of, or affect
the interpretation of, this Agreement.

 

[SIGNATURE
PAGES TO FOLLOW]

 

    5

     

    

 

 IN
WITNESS WHEREOF, the parties have executed and delivered this Share Exchange Agreement as of the date first written above.

 

	RP Singapore	RP BVI:
	 	 	 	 	 
	Republic Power Pte. Ltd.	 	Republic Power Group Limited
		 	
	By:	/s/ Sai Bin Loi		By:	/s/
Sai Bin Loi
	Name: 	Sai
Bin Loi		Name: 	Sai Bin Loi
	Its:	Director		Its:	Director
	 	 	 	 	 
	The Shareholder:	 	 	 

 

	/s/
    Sai Bin Loi	 

Sai
Bin Loi

 

 

6Exhibit 10.2

 

SERVICES AGREEMENT

 

This Services Agreement (the “Agreement”)
is made on _____ of ____________ 2021.

 

BETWEEN:-

 

	(1)	Name of Customer (UEN: ___________), incorporated and registered
                                 in Singapore whose registered office is at Customer Address_______________________ (hereinafter
                                 referred to as “Client”)

 

	(2)	REPUBLIC POWER PTE LTD (UEN No. 201500006G), a company incorporated
                                 in Singapore, having its registered address at 158 Kallang Way #06-08 Performance Building Singapore
                                 (349245) (hereinafter referred to as “Service Provider”)

 

(hereinafter collectively referred
to as “Parties” and individually referred to as “Party”.)

 

IT IS HEREBY AGREED AS FOLLOWS

 

Commencement and Duration

 

	1.	The Services Agreement commences on ______________ and will continue
                                 for ___ years.

 

Scope of Services

 

	2.	During the Engagement, the Service Provider will provide the Services
                                 with reasonable care and skill and in accordance with this Agreement

 

	3.	The Service Provider shall provide the client with the Scope of Work
                                 described in Schedule 1.

 

	4.	All Intellectual Property or proprietary rights of any nature whatsoever,
                                 including without limitation, source code, copyrights, trade or service marks, trade names, brand names,
                                 patents, patent applications, trade secrets made, developed, conceived, reduced to practice, fixed in
                                 any tangible medium of expression, or created independently by Service Provider, without any contribution
                                 from the Client will be the sole and exclusive property of the Service Provider. The Service Provider
                                 hereby grants the Client the right to use the Service Provider’s intellectual property in accordance
                                 to the Fees (“License Fee”) in the Schedule.

 

Fees

 

	5.	The Client will pay to the Service Provider in consideration of the
                                 provision of the Services the fee set out in the Schedule 1.

 

	6.	The above charges exclude GST.

 

Termination 

 

	7.	The Client shall not be entitled to terminate this Agreement before
                                 the term. In the event of termination, the Service fee for the entire term remains payable and is not
                                 refundable.

 

No Warranty

 

	8.	The Client agrees that the Service Provider makes no implications, warranties,
                                 promises, representations or guarantees whatsoever about the results and outcome of the Services provided.

 

    Page 1 of 3

     

    

 

Confidentiality 

 

	9.	The Service Provider shall keep confidential and procure their respective
                                 employees, agents servants and independent contractors appointed by them to keep confidential any Confidential
                                 Information disclosed by the Client and shall not use of disclose it to any person or use it for its
                                 own benefit, except for purposes of this Agreement.

 

Entire Agreement

 

	10.	The parties agree that this Agreement constitutes the entire agreement
                                  between them relating to the Engagement and supersedes all previous agreements, understandings and
                                  arrangements between them, whether in writing or oral in respect of its subject matter.

 

	11.	Each party acknowledges that it has not entered into this Agreement
                                  in reliance on, and shall have no remedies in respect of, any representation or warranty that is not
                                  expressly set out in this Agreement. No party shall have any claim for innocent or negligent misrepresentation
                                  on the basis of any statement in this Agreement.

 

	12.	Nothing in this Agreement purports to limit
                                            or exclude any liability for fraud.

 

Governing Law and Dispute Resolution

 

	13.	The Agreement shall be governed by and construed
                                            in accordance with the laws of Singapore and the parties agree to submit to the exclusive
                                            jurisdiction of the Singapore courts.

 

IN WITNESS WHEREOF the Parties have hereunto
set their hands the day and the year first above written.

 

	SIGNED
    BY	)
		)
	For and on behalf of	)
	REPUBLIC POWER PTE
    LTD	)
	In the presence of:	)
	 	 
	 	 
		 
	Signature of witness	 
	Name of witness:	 
	 	 
	SIGNED BY	)
		)
	For and on behalf of	)
	Name of Customer	)
	In the presence of:	)

 

		 
	Signature of witness	 
	Name of witness:	 

 

    Page 2 of 3

     

    

 

THE
SCHEDULE

 

 

 

This Schedule describes the services to be performed
by the Service Provider on the terms and conditions of this Agreement (the Services); the fee payable by the Company in respect
of those Services (the Fee); and the basis on which the Service Provider is to invoice the Company in respect of the Fee.

 

Scope of Services

 

Key Performance Indicator

 

[Please describe]

 

Term

 

_____ months

 

Fee

 

Non refundable deposit fee SGD ____ for ________________

 

Progress payment:

 

___% upon ______________

 

___% upon ______________

 

___% upon ______________

 

License Fees SGD ___________ per month

 

 

Page 3 of 3

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