Document:

Exhibit 10.1

 

FORM OF

NON-REDEMPTION AGREEMENT AND ASSIGNMENT OF ECONOMIC INTEREST

 

This Non-Redemption Agreement and Assignment of
Economic Interest (this “Agreement”) is entered as of                              , 2022 by and among Belong Acquisition Corp. (“BLNG”),
Belong Acquisition Sponsor, LLC (the “Sponsor”) and the undersigned investor (“Investor”).

 

RECITALS

 

WHEREAS, the Sponsor currently holds all
of the shares of Class B common stock, par value $0.0001 per share (the “Founder Shares”), of BLNG;

 

WHEREAS, BLNG expects to hold a special
meeting of stockholders (the “Meeting”) for the purpose of approving, among other things, an amendment to BLNG’s
Amended and Restated Certificate of Incorporation (the “Charter”) to extend the date by which BLNG must consummate
an initial business combination (the “Initial Business Combination”) by six (6) months (the “Extension”);

 

WHEREAS, the Charter provides
that a stockholder of BLNG may redeem its shares of Class A common stock, par value $0.0001 per share (the “Public Shares”
and together with the Founder Shares, the “Common Shares”) in connection with the Charter amendment, on the terms set
forth in the Charter (“Redemption Rights”);

 

WHEREAS, subject to the terms and conditions
of this Agreement, the Sponsor desires to transfer to Investor, and Investor desires to acquire from the Sponsor, that number of Founder
Shares set forth opposite such Investor’s name on Exhibit A (the “Assigned Securities”), to be transferred
to Investor in connection with BLNG’s completion of its Initial Business Combination, and, prior to the transfer of the Assigned
Securities to Investor, the Sponsor desires to assign the economic benefits of the Assigned Securities to Investor.

 

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

 

		1.	Terms of Transfer.

 

		1.1.	Upon the terms and subject to the conditions of this Agreement, the Sponsor agrees that if (a) as of 5:00 PM, New York time, on the
date of the Meeting, Investor holds the Investor Shares (as defined below), (b) Investor does not exercise its Redemption Rights with
respect to such Investor Shares in connection with the Meeting, and (c) the Extension is approved at the Meeting and is effected by BLNG’s
filing with the Secretary of State of the State of Delaware of a Certificate of Amendment to the Charter, then the Sponsor hereby agrees
to assign to Investor for no additional consideration the Assigned Securities set forth on Exhibit A, and the Sponsor agrees to
assign to Investor the Economic Interest (as defined below) associated with the Assigned Securities that the Sponsor has agreed to assign
to Investor. “Investor Shares” shall mean the lesser of (i) 350,000 Public Shares, and (ii) 9.9% of the Public Shares subject
to non-redemption agreements with other BLNG stockholders similar to this Agreement as of December , 2022. The Sponsor and BLNG agree
to provide Investor with the final number of Investor Shares subject to this Agreement no later than 9:00 a.m. Eastern on December , 2022.

 

     

     

    

 

		1.2.	The Sponsor and Investor hereby agree that the assignment of the Assigned Securities shall be subject to the conditions that (i) the
Initial Business Combination is consummated; and (ii) Investor (or its Permitted Transferees (as such term is defined in the Amended and
Restated Limited Liability Company Agreement of the Sponsor (as it exists on the date hereof, the “Sponsor LLC Agreement”)
executes a joinder to that certain Letter Agreement, dated July 22, 2021 (as it exists on the date hereof, the “Letter Agreement”),
by and among the Company, the Sponsor, officers and directors of the Company, and the other stockholders of the Company signatory thereto,
as described in Section 1.8 hereof.

 

Upon the satisfaction of the foregoing
conditions, as applicable, the Sponsor shall promptly transfer the Assigned Securities to Investor (or its Permitted Transferees). The Sponsor covenants
and agrees to facilitate such transfer to Investor (or its Permitted Transferees) in accordance with the foregoing.

 

		1.3.	Adjustment to Share Amounts. If at any time the number of outstanding Founder Shares is increased or decreased by a consolidation,
combination, split or reclassification of the common stock of BLNG or other similar event (other than the conversion of Founder Shares
to shares of Class A common stock following an Initial Business Combination in accordance with BLNG’s Charter), then, as of the
effective date of such consolidation, combination, split, reclassification or similar event, all share numbers referenced in this Agreement
shall be adjusted in proportion to such increase or decrease in outstanding common stock of BLNG.

 

		1.4.	Merger or Reorganization, etc. If there shall occur any reorganization, recapitalization, reclassification, consolidation or
merger involving BLNG in which its common stock is converted into or exchanged for securities, cash or other property, then, following any
such reorganization, recapitalization, reclassification, consolidation or merger, in lieu of common shares of BLNG, the Sponsor shall
transfer, with respect to each Founder Share to be transferred hereunder, upon the Sponsor’s receipt thereof, the kind and amount
of securities, cash or other property into which such Assigned Securities converted or exchanged.

 

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		1.5.	Forfeitures, Transfers, etc. Investor shall not be required to forfeit or transfer the Assigned Securities. Investor acknowledges
that, pursuant to the Sponsor LLC Agreement, prior to, or at the time of, the Initial Business Combination, the Managers of the Sponsor
have the authority to cause the Sponsor to subject the Founder Shares to earn-outs, forfeitures, transfers or other restrictions, or amend
the terms under which the Founder Shares were issued or any restrictions or other provisions relating to the Founder Shares set forth
in the instruments establishing the same (including voting in favor of any such amendment) or enter into any other arrangements with respect
to the Founder Shares, and that the Managers are authorized to effectuate such earn-outs, forfeitures, transfers, restrictions, amendments
or arrangements, including arrangements relating to the relaxation or early release of restrictions, in such amounts and pursuant to such
terms as they determine in their sole and absolute discretion for any reason. Sponsor acknowledges and agrees that any such earn-outs,
forfeitures, transfers, restrictions, amendments or arrangements shall apply only to the Founder Shares other than the Assigned Securities
and the terms and conditions applicable to the Assigned Securities shall not be changed as a result of any such earn-outs, forfeitures,
transfers, restrictions, amendments or arrangements.

 

		1.6.	Delivery of Shares; Other Documents. At the time of the transfer of Assigned Securities hereunder, the Sponsor shall deliver
the Assigned Securities to Investor by transfer of book-entry shares effected through BLNG’s transfer agent. The parties to this
Agreement agree to execute, acknowledge and deliver such further instruments and to do all such other acts, as may be necessary or appropriate
to carry out the purposes and intent of this Agreement.

 

		1.7.	Assignment of Registration Rights. Concurrent with the transfer of Assigned Securities to Investor under this Agreement, the
Sponsor hereby assigns all of its rights, duties and obligations to Investor with respect to the Assigned Securities under that certain
Registration Rights Agreement, dated July 22, 2021 (as it exists on the date of the Agreement, the “Registration Rights Agreement”),
by and among the Company, the Sponsor, and the other stockholders of the Company signatory thereto, and hereby represents and confirms
to Investor that, upon Investor’s receipt of the Assigned Securities, (i) Investor shall be a “Holder” under the Registration
Rights Agreement and (ii) the Assigned Securities shall be “Registrable Securities” under the Registration Rights Agreement.
The Sponsor shall provide written notice to BLNG of such assignment in accordance with the Registration Rights Agreement. Investor shall
provide to BLNG a written agreement in accordance with the Registration Rights Agreement agreeing to be bound by the terms and provisions
of the Registration Rights Agreement as a “Holder” thereunder with respect to the Assigned Securities (upon acquisition thereof)
as “Registrable Securities” thereunder.

 

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		1.8.	Joinder to Letter Agreement. In connection with the transfer of the Assigned Securities to Investor, Investor shall execute
a joinder to the Letter Agreement in substantially the form attached here to as Exhibit B (the “Joinder”) pursuant
to which Investor shall agree with BLNG to be bound solely by Section 7 of the Letter Agreement solely with respect to the Assigned Securities.

 

		1.9.	Termination. This Agreement and each of the obligations of the undersigned shall terminate on earlier of (a) the failure of
BLNG’s stockholders to approve the Extension at the Meeting, or the determination of BLNG not to proceed to effect the Extension,
(b) the fulfillment of all obligations of parties hereto, (c) the liquidation or dissolution of BLNG, (d) the mutual written agreement
of the parties hereto, or (e) December 15, 2023.

 

		2.	Assignment of Economic Interest.

 

		2.1.	Upon satisfaction of the conditions set forth in Section 1.1, the Sponsor hereby assigns to Investor all of its economic right, title
and interest in and to that number of Assigned Securities set forth on Exhibit A (the “Economic Interest”),
subject to adjustment as set forth in Section 2.2. The Economic Interest represents the Sponsor’s right to receive dividends and
other distributions made by the Sponsor pursuant to the Sponsor LLC Agreement allocated to that number of Assigned Securities set forth
on Exhibit A represented by the Founder Shares held directly by the Sponsor.

 

		2.2.	If at any time the number of outstanding shares of common stock of BLNG is increased or decreased by a consolidation, combination,
split or reclassification or other similar event (other than the conversion of Founder Shares to shares of Class A common stock following
an Initial Business Combination), then, as of the effective date of such consolidation, combination, split, reclassification or similar
event, the number of shares underlying the Economic Interest shall be adjusted in proportion to such increase or decrease in outstanding
shares of common stock.

 

		2.3.	Investor acknowledges and agrees that it is not a member of the Sponsor, it has no right to vote on matters of the Sponsor or to vote
with respect to any Assigned Securities, and it has no right to vote Founder Shares prior to transfer of any such shares to Investor pursuant
to this Agreement.

 

		2.4.	Investor acknowledges and agrees that if it has a right pursuant to its Economic Interest to receive any dividends or other distributions
paid in shares of common stock or other non-cash property that is subject to the transfer restrictions and/or the lockup period set forth
in Section 7 of the Letter Agreement, the Sponsor shall transfer all of its right, title and interest in such dividends or distributions
concurrently with the transfer of the Assigned Securities to such Investor pursuant to Section 1.

 

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		2.5.	If the conditions to the transfer of the Founder Shares in Section 1 are not satisfied with respect to any Founder Shares, then Investor
shall automatically assign its Economic Interests in such Founder Shares back to the Sponsor, for no consideration.

 

		3.	Representations and Warranties of Investor. Investor represents and warrants to, and agrees with, the Sponsor that:

 

		3.1.	No Government Recommendation or Approval.  Investor understands that no federal or state agency has passed upon or
made any recommendation or endorsement of the offering of the Assigned Securities.

 

		3.2.	Accredited Investor. Investor is an “accredited investor” as such term is defined in Rule 501(a) of Regulation
D under the Securities Act of 1933, as amended (the “Securities Act”), and acknowledges that the sale contemplated
hereby is being made in reliance, among other things, on a private placement exemption to “accredited investors” under the
Securities Act and similar exemptions under state law.

 

		3.3.	Intent.  Investor is acquiring the Assigned Securities solely for investment purposes, for such Investor’s
own account (and/or for the account or benefit of its members or affiliates, as permitted), and not with a view to the distribution thereof
in violation of the Securities Act and Investor has no present arrangement to sell Assigned Securities to or through any person or entity
except as may be permitted hereunder.  

 

		3.4.	Restrictions on Transfer; Trust Account; Redemption Rights.  

 

		3.4.1.	Investor acknowledges and agrees that, prior to their transfer hereunder, the Assigned Securities are, and following any transfer
to Investor may continue to be, subject to the Transfer Restrictions and certain other restrictions as set forth in the Letter Agreement.

 

		3.4.2.	Investor acknowledges and agrees that the Assigned Securities are not entitled to, and have no right, interest or claim of any kind
in or to, any monies held in the trust account into which the proceeds of BLNG’s initial public offering were deposited (the “Trust
Account”) or distributed as a result of any liquidation of the Trust Account.

 

		3.4.3.	Investor waives any right that it may have to elect to have BLNG redeem any Investor Shares and agrees not to redeem or otherwise
exercise any right to redeem, the Investor Shares and to reverse and revoke any prior redemption elections made with respect to the Investor
Shares in connection with the Extension. For the avoidance of doubt, nothing in this Agreement is intended to restrict or prohibit Investor’s
ability to redeem any Public Shares other than the Investor Shares, or to trade or redeem any Public Shares (other than the Investor Shares)
in its discretion and at any time or any Investor Shares in its discretion and at any time after December 14, 2022.

 

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		3.4.4.	Investor acknowledges and understands the Assigned Securities are being offered in a transaction not involving a public offering in
the United States within the meaning of the Securities Act and have not been registered under the Securities Act and, if in the future
Investor decides to offer, resell, pledge or otherwise transfer Assigned Securities, such Assigned Securities may be offered, resold,
pledged or otherwise transferred only (A) pursuant to an effective registration statement filed under the Securities Act, (B) pursuant
to an exemption from registration under Rule 144 promulgated under the Securities Act, if available, or (C) pursuant to any other
available exemption from the registration requirements of the Securities Act, and in each case in accordance with any applicable securities
laws of any state or any other jurisdiction.  Investor agrees that, if any transfer of the Assigned Securities or any interest
therein is proposed to be made, as a condition precedent to any such transfer, Investor may be required to deliver to BLNG an opinion
of counsel satisfactory to BLNG that registration is not required with respect to the Assigned Securities to be transferred. Absent registration
or another available exemption from registration, Investor agrees it will not transfer the Assigned Securities.  

 

		3.5.	Voting. Investor agrees that it will and will cause its controlled affiliates to vote (or cause to be voted) or execute and
deliver a written consent (or cause a written consent to be executed and delivered) all of BLGN Common Shares owned, as of the applicable
record date, by any of them at the Meeting in favor of the Extension and cause all such shares to be counted as present at the Meeting
for purposes of establishing a quorum.

 

		3.6.	Sophisticated Investor. Investor is sophisticated in financial matters and able to evaluate the risks and benefits of the investment
in the Assigned Securities.

 

		3.7.	Risk of Loss. Investor is aware that an investment in the Assigned Securities is highly speculative and subject to substantial
risks. Investor is cognizant of and understands the risks related to the acquisition of the Assigned Securities, including those restrictions
described or provided for in this Agreement, the Sponsor LLC Agreement and the Letter Agreement pertaining to transferability.  Investor
is able to bear the economic risk of its investment in the Assigned Securities for an indefinite period of time and able to sustain a
complete loss of such investment.

 

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		3.8.	Independent Investigation.  Investor has relied upon an independent investigation of BLNG and has not relied upon
any information or representations made by any third parties or upon any oral or written representations or assurances, express or implied,
from the Sponsor or any representatives or agents of the Sponsor, other than as set forth in this Agreement. Investor is familiar with
the business, operations and financial condition of BLNG and has had an opportunity to ask questions of, and receive answers from BLNG’s
management concerning BLNG and the terms and conditions of the proposed sale of the Assigned Securities and has had full access to such
other information concerning BLNG as Investor has requested. Investor confirms that all documents that it has requested have been made
available and that Investor has been supplied with all of the additional information concerning this investment which Investor has requested.

 

		3.9.	Organization and Authority.  If any entity, Investor is duly organized and existing under the laws of the jurisdiction
in which it was organized and it possesses all requisite power and authority to acquire the Assigned Securities, enter into this Agreement
and perform all the obligations required to be performed by Investor hereunder.

 

		3.10.	Non-U.S. Investor. If Investor is not a United States person (as defined by Section 7701(a)(30) of the U.S. Internal Revenue
Code of 1986, as amended, and the regulations promulgated thereunder (collectively, the “Code”)), Investor hereby represents
that it has satisfied itself as to the full observance of the laws of its jurisdiction in connection with any invitation to subscribe
for the Assigned Securities or any use of this Agreement, including (i) the legal requirements within its jurisdiction for the acquisition
of the Assigned Securities, (ii) any foreign exchange restrictions applicable to such acquisition, (iii) any governmental or other consents
that may need to be obtained, and (iv) the income tax and other tax consequences, if any, that may be relevant to the acquisition, holding,
redemption, sale, or transfer of the Assigned Securities. Investor’s subscription and payment for and continued beneficial ownership
of the Assigned Securities will not violate any applicable securities or other laws of Investor’s jurisdiction.

 

		3.11.	Authority. This Agreement has been validly authorized, executed and delivered by Investor and is a valid and binding agreement
enforceable in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, fraudulent
conveyance, moratorium, reorganization, or similar laws relating to, or affecting generally the enforcement of, creditors’ rights
and remedies or by equitable principles of general application and except as enforcement of rights to indemnity and contribution may be
limited by federal and state securities laws or principles of public policy.

 

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		3.12.	No Conflicts. The execution, delivery and performance of this Agreement and the consummation by Investor of the transactions
contemplated hereby do not violate, conflict with or constitute a default under (i) Investor’s organizational documents, (ii)
any agreement or instrument to which Investor is a party or (iii) any law, statute, rule or regulation to which Investor is subject, or
any order, judgment or decree to which Investor is subject, in the case of clauses (ii) and (iii), that would reasonably be expected to
prevent Investor from fulfilling its obligations under this Agreement.

 

		3.13.	No Advice from Sponsor. Investor has had the opportunity to review this Agreement and the transactions contemplated by this
Agreement, the Sponsor LLC Agreement and the form of Letter Agreement with Investor’s own legal counsel and investment and tax advisors.  Except
for any statements or representations of the Sponsor explicitly made in this Agreement, Investor is relying solely on such counsel and
advisors and not on any statements or representations, express or implied, of the Sponsor or any of its representatives or agents for
any reason whatsoever, including without limitation for legal, tax or investment advice, with respect to this investment, the Sponsor,
BLNG, the Assigned Securities, the transactions contemplated by this Agreement or the securities laws of any jurisdiction.

 

		3.14.	Reliance on Representations and Warranties.  Investor understands that the Assigned Securities are being offered
and sold to Investor in reliance on exemptions from the registration requirements under the Securities Act, and analogous provisions in
the laws and regulations of various states, and that the Sponsor is relying upon the truth and accuracy of the representations, warranties,
agreements, acknowledgments and understandings of Investor set forth in this Agreement in order to determine the applicability of such
provisions.

 

		3.15.	No General Solicitation.  Investor is not subscribing for Assigned Securities as a result of or subsequent to any
general solicitation or general advertising, including but not limited to any advertisement, article, notice or other communication published
in any newspaper, magazine, or similar media or broadcast over television or radio or any seminar or meeting whose attendees have been
invited by any general solicitation or general advertising.

 

		3.16.	Brokers. No broker, finder or intermediary has been paid or is entitled to a fee or commission from or by Investor in
connection with the acquisition of the Assigned Securities nor is Investor entitled to or will accept any such fee or commission.

 

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		4.	Representations and Warranties of Sponsor. The Sponsor represents and warrants to, and agrees with, the Investor that:

 

		4.1.	Power and Authority.  The Sponsor is a limited liability company duly formed and validly existing and in good standing
as a limited liability company under the laws of the State of Delaware and possesses all requisite limited liability company power and
authority to enter into this Agreement and to perform all of the obligations required to be performed by the Sponsor hereunder, including
the assignment, sale and transfer the Assigned Securities.

 

		4.2.	Authority. All corporate action on the part of the Sponsor and its officers, directors and members necessary for the authorization,
execution and delivery of this Agreement and the performance of all obligations of the Sponsor required pursuant hereto has been taken.
This Agreement has been duly executed and delivered by the Sponsor and (assuming due authorization, execution and delivery by Investor)
constitutes the Sponsor’s legal, valid and binding obligation, enforceable against the Sponsor in accordance with its terms, except
as such enforceability may be limited by applicable bankruptcy, insolvency, fraudulent conveyance, moratorium, reorganization, or similar
laws relating to, or affecting generally the enforcement of, creditors’ rights and remedies or by equitable principles of general
application and except as enforcement of rights to indemnity and contribution may be limited by federal and state securities laws or principles
of public policy.

 

		4.3.	Title to Securities. The Sponsor is the record and beneficial owner of, and has good and marketable title to, the Assigned
Securities and will, immediately prior to the transfer of the Assigned Securities to Investor, be the record and beneficial owner of the
Assigned Securities, in each case, free and clear of all liens, pledges, security interests, charges, claims, encumbrances, agreements,
options, voting trusts, proxies and other arrangements or restrictions of any kind (other than transfer restrictions and other terms and
conditions that apply to the Founder Shares generally and applicable securities laws). The Assigned Securities to be transferred, when
transferred to Investor as provided herein, will be free and clear of all liens, pledges, security interests, charges, claims, encumbrances, agreements,
options, voting trusts, proxies and other arrangements or restrictions of any kind (other than transfer restrictions and other terms and
conditions that apply to the Founder Shares generally and applicable securities laws).

 

		4.4.	No Conflicts. The execution, delivery and performance of this Agreement and the consummation by the Sponsor of the transactions
contemplated hereby do not violate, conflict with or constitute a default under (i) the certificate of formation or the Sponsor LLC Agreement,
(ii) any agreement or instrument to which the Sponsor is a party or by which it is bound (including the Letter Agreement and the Sponsor
LLC Agreement) or (iii) any law, statute, rule or regulation to which the Sponsor is subject or any order, judgment or decree to which
the Sponsor is subject. The Sponsor is not required under federal, state or local law, rule or regulation to obtain any consent, authorization
or order of, or make any filing or registration with, any court or governmental agency or self-regulatory entity in order for it to perform
any of its obligations under this Agreement or transfer the Assigned Securities in accordance with the terms hereof.

 

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		4.5.	No General Solicitation.  The Sponsor has not offered the Assigned Securities by means of any general solicitation
or general advertising within the meaning of Regulation D of the Securities Act, including but not limited to any advertisement, article,
notice or other communication published in any newspaper, magazine, or similar media or broadcast over television or radio or any seminar
or meeting whose attendees have been invited by any general solicitation or general advertising.

 

		4.6.	Brokers. No broker, finder or intermediary has been paid or is entitled to a fee or commission from or by the Sponsor
in connection with the sale of the Assigned Securities nor is the Sponsor entitled to or will accept any such fee or commission.

 

		4.7.	Transfer Restrictions. Until termination of this Agreement, the Sponsor shall not transfer any of its Restricted Units and
Founder Shares representing the economic benefit of the Assigned Securities other than any transfer pursuant to the Sponsor LLC Agreement
in connection with an Initial Business Combination.

 

		4.8.	Reliance on Representations and Warranties.  The Sponsor understands and acknowledges that Investor is relying upon
the truth and accuracy of the representations, warranties, agreements, acknowledgments and understandings of the Sponsor set forth in
this Agreement.

 

		5.	Trust Account. Until the earlier of (a) the consummation of BLNG’s initial business combination; (b) the liquidation
of the Trust Account; and (c) 24 months from consummation of BLNG’s initial public offering, BLNG will maintain the investment of
funds held in the Trust Account in interest-bearing United States government securities within the meaning of Section 2(a)(16) of
the Investment Company Act of 1940, as amended, having a maturity of 185 days or less, or in money market funds meeting the conditions
of paragraphs (d)(1), (d)(2), (d)(3) and (d)(4) of Rule 2a-7 promulgated under the Investment Company Act of 1940, as amended, which invest
only in direct U.S. government treasury obligations. BLNG further confirms that it will not utilize any funds from its Trust Account to
pay any potential excise taxes that may become due upon a redemption of the Public Shares, including in connection with a liquidation
of BLNG if it does not effect a business combination prior to its termination date.

 

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		6.	Governing Law; Jurisdiction; Waiver of Jury Trial. This Agreement shall be governed by and construed and enforced in accordance
with the laws of the State of New York, without giving effect to its principles or rules of conflict of laws to the extent such principles
or rules would require or permit the application of the laws of another jurisdiction. The parties hereto hereby waive any right to a jury
trial in connection with any litigation pursuant to this Agreement and the transactions contemplated hereby. With respect to any suit,
action or proceeding relating to the transactions contemplated hereby, the undersigned irrevocably submit to the jurisdiction of the United
States District Court or, if such court does not have jurisdiction, the New York state courts located in the Borough of Manhattan, State
of New York, which submission shall be exclusive.

 

		7.	Assignment; Entire Agreement; Amendment.

 

		7.1.	Assignment. Any assignment of this Agreement or any right, remedy, obligation or liability arising hereunder by either
the Sponsor or Investor to any person that is not an affiliate of such party shall require the prior written consent of the other party.

 

		7.2.	Entire Agreement. This Agreement sets forth the entire agreement and understanding between the parties as to the subject matter
thereof and merges and supersedes all prior discussions, agreements and understandings of any and every nature among them.

 

		7.3.	Amendment. Except as expressly provided in this Agreement, neither this Agreement nor any term hereof may be amended, waived,
discharged or terminated other than by a written instrument signed by the party against whom enforcement of any such amendment, waiver,
discharge or termination is sought.

 

		7.4.	Binding upon Successors. This Agreement shall be binding upon and inure to the benefit of the parties hereto and to their respective
heirs, legal representatives, successors and permitted assigns. 

 

		8.	Notices. Unless otherwise provided herein, any notice or other communication to a party hereunder shall be sufficiently given
if in writing and personally delivered or sent by facsimile or other electronic transmission with copy sent in another manner herein provided
or sent by courier (which for all purposes of this Agreement shall include Federal Express or another recognized overnight courier) or
mailed to said party by certified mail, return receipt requested, at its address provided for herein or such other address as either may
designate for itself in such notice to the other.  Communications shall be deemed to have been received when delivered personally,
on the scheduled arrival date when sent by next day or 2nd-day courier service, or if sent by facsimile upon receipt of confirmation of
transmittal or, if sent by mail, then three days after deposit in the mail. If given by electronic transmission, such notice shall be
deemed to be delivered (a) if by electronic mail, when directed to an electronic mail address at which the party has provided to
receive notice; and (b) if by any other form of electronic transmission, when directed to such party.

 

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		9.	Counterparts. This Agreement may be executed in two or more counterparts, all of which when taken together shall be considered
one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other party,
it being understood that both parties need not sign the same counterpart. Counterparts may be delivered via facsimile, electronic
mail (including any electronic signature covered by the U.S. federal ESIGN Act of 2000, Uniform Electronic Transactions Act, the Electronic
Signatures and Records Act or other applicable law, e.g., www.docusign.com) or other transmission method and any counterpart so delivered
shall be deemed to have been duly and validly delivered and be valid and effective for all purposes.

 

		10.	Survival; Severability

 

		10.1.	Survival. The representations, warranties, covenants and agreements of the parties hereto shall survive the closing of the
transactions contemplated hereby.

 

		10.2.	Severability. In the event that any provision of this Agreement becomes or is declared by a court of competent jurisdiction
to be illegal, unenforceable or void, this Agreement shall continue in full force and effect without said provision; provided that no
such severability shall be effective if it materially changes the economic benefit of this Agreement to any party.

 

		11.	Headings. The titles and subtitles used in this Agreement are used for convenience only and are not to be considered
in construing or interpreting this Agreement.

 

		12.	No Publicity; Disclosure. The Sponsor agrees that it will not, without the prior written consent of Investor, publicly disclose
the name of Investor or any of its affiliates or investment advisors, other than as required by applicable law, rule or regulation, in
which case Sponsor shall provide Investor with prior written notice of such disclosure. The Company shall, by 9:00 a.m., New York City
time, on the first business day immediately following the date of this Agreement, issue one or more press releases or file with the United
States Securities and Exchange Commission a Current Report on Form 8-K (collectively, the “Disclosure Document”) disclosing,
to the extent not previously publicly disclosed, all material terms of the transactions contemplated hereby and any other material, nonpublic
information that the Company has provided to Investor at any time prior to the filing of the Disclosure Document. The Disclosure Document
shall also provide that until the earlier of (a) the consummation of BLNG’s initial business combination; (b) the liquidation
of the Trust Account; and (c) 24 months from consummation of BLNG’s initial public offering, BLNG will maintain the investment of
funds held in the Trust Account in interest-bearing United States government securities within the meaning of Section 2(a)(16) of
the Investment Company Act of 1940, as amended, having a maturity of 185 days or less, or in money market funds meeting the conditions
of paragraphs (d)(1), (d)(2), (d)(3) and (d)(4) of Rule 2a-7 promulgated under the Investment Company Act of 1940, as amended, which invest
only in direct U.S. government treasury obligations. Such Disclosure Document shall further provide that BLNG will not utilize any funds
from its Trust Account to pay any potential excise taxes that may become due upon a redemption of the Public Shares, including in connection
with a liquidation of BLNG if it does not effect a business combination prior to its termination date. Upon
the issuance of the Disclosure Document, to the Company’s knowledge, Investor shall not be in possession of any material, nonpublic
information received from the Company or any of its officers, directors or employees.

 

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		13.	Independent Nature of Rights and Obligations. Nothing contained herein, and no action taken by any party pursuant hereto, shall
be deemed to constitute Investor and the Sponsor as, and the Sponsor acknowledges that Investor and the Sponsor do not so constitute,
a partnership, an association, a joint venture or any other kind of entity, or create a presumption that Investor and the Sponsor are
in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by this Agreement or any
matters, and the Sponsor acknowledges that Investor and the Sponsor are not acting in concert or as a group, and the Sponsor shall not
assert any such claim, with respect to such obligations or the transactions contemplated by this Agreement.

 

		14.	Most Favored Nation. In the event the Sponsor enters one or more other non-redemption or forward share purchase agreements
before or after the execution of this Agreement, the Sponsor represents that the terms of such other agreements are not materially more
favorable to such other investors thereunder than the terms of this Agreement are in respect of the Investor. In the event that another
investor is afforded any such more favorable terms than the Investor, the Sponsor shall promptly inform the Investor of such more favorable
terms in writing, and the Investors shall have the right to elect to have such more favorable terms included herein, in which case the
parties hereto shall promptly amend this Agreement to effect the same.

 

    13

     

    

 

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

 

	 	INVESTOR
	 	 	                    
	 	By:	 
	 	Name: 	 
	 	Title:	 

 

[Signature Page to Non-Redemption Agreement]

 

    14

     

    

 

	 	SPONSOR:
	 	 
	 	BELONG ACQUISITION SPONSOR, LLC
	 	 	 
	 	By:	 
	 	Name: 	 Peter Saldarriaga
	 	Title:  	Manager
	 	 
	 	BLNG:
	 	 
	 	BELONG ACQUISITION CORP.
	 	 	 
	 	By:	 
	 	Name:	Peter Saldarriaga
	 	Title: 	Chief Executive Officer and Chief Financial Officer

 

[Signature Page to Non-Redemption Agreement]

 

    15

     

    

 

Exhibit A

 

	Investor	Founder Shares to

 be Transferred / 

Economic Interest 

Assigned 
	
     

    Address:

     

    SSN/EIN:
	
     

    [---]1

 

 

1 NTD: Equal to 1 Founder Share for every 3.5 Investor Shares,
up to 100,000 Founder Shares.

 

    16

     

    

 

EXHIBIT B

 

FORM OF JOINDER

 

TO

 

LETTER AGREEMENT

 

AND

 

REGISTRATION RIGHTS AGREEMENT

 

______, 20_

 

Reference is made to that certain
                                               
Agreement, dated as of                            , 2022 (the “Agreement”), by and between                                         (“Investor”) and
Belong Acquisition Sponsor, LLC (the “Sponsor”), pursuant to which Investor acquired securities of Belong
Acquisition Corp. (the “Company”) from the Sponsor. Capitalized terms used and not otherwise defined herein shall
have the meanings given to such terms in the Agreement.

 

By executing this joinder, Investor hereby agrees,
as of the date first set forth above, that Investor (i) shall become a party to that certain Letter Agreement, dated July 22, 2021 (as
it exists on the date of the Agreement, the “Letter Agreement”), by and among the Company, the Sponsor, officers and
directors of the Company, and the other stockholders of the Company signatory thereto, solely with respect to Section 7 of the Letter
Agreement, and shall be bound by, and entitled to the rights provided under, the terms and provisions of such section of the Letter Agreement
as an Insider (as defined therein) solely with respect to its Assigned Securities; and (ii) shall become a party to that certain Registration
Rights Agreement, dated July 22, 2021 (as it exists on the date of the Agreement, the “Registration Rights Agreement”),
by and among the Company, the Sponsor, and the other stockholders of the Company signatory thereto, and shall be bound by the terms and
provisions of the Registration Rights Agreement as a Holder (as defined therein) and entitled to the rights of a Holder under the
Registration Rights Agreement and the Assigned Securities (together with any other equity security of the Company issued or issuable with
respect to any such Assigned Securities by way of a stock dividend or stock split or in connection with a combination of shares, recapitalization,
merger, consolidation or reorganization) shall be “Registrable Securities” thereunder.

 

For the purposes of clarity, it is expressly understood
and agreed that each provision contained herein, in the Letter Agreement (to the extent applicable to Investor) and the Registration Rights
Agreement is between the Company and Investor, solely, and not between and among Investor and the other stockholders of the Company signatory
thereto.

 

    17

     

    

 

This joinder may be executed in two or more counterparts,
and by facsimile, all of which shall be deemed an original and all of which together shall constitute one instrument.

 

	 	[INVESTOR]
	 	 	                  
	 	By:	 
	 	Name: 	 
	 	Title: 	 

 

	ACKNOWLEDGED AND AGREED:	 
	 	 
	BELONG ACQUISITION CORP.	 
	 	                               	 
	By:	 	 
	Name: 	 	 
	Title:	 	 

 

 

18Exhibit 10.1

 

DATED

06 December

2022 15:36

 

Contract
for the sale of freehold land

 

at

 

The Robin Hill Hotel, Braddons Hill Road, Torquay
TQ1 1HF

 

between

 

Pioneer Hotels Limited

 

and

 

MD Local Global Limited

 

     

     

    

 

CONTENTS

 

CLAUSE

 

	1.	Interpretation	2
	2.	Sale and purchase	4
	3.	Conditions	4
	4.	Risk and insurance	5
	5.	Transfer of funds	6
	6.	Deducing title	6
	7.	Title guarantee	6
	8.	Matters affecting the Property	     6
	9.	Buyer's knowledge	7
	10.	Transfer	7
	11.	VAT	7
	12.	Completion	7
	13.	Buyer's acknowledgement of condition	8
	14.	Registration of the transfer	8
	15.	Entire agreement	8
	16.	Joint and several liability	9
	17.	Notices	9
	18.	Third party rights	10
	19.	Governing law	11
	20.	Jurisdiction	11

 

	SCHEDULE	 
	Schedule 1 Contents	12
	Schedule 2 Purchase Price	13

 

     

     

    

 

	06 December	 	 
	This contract is dated 2022	2022	 

 

 Parties

 

	(1)	Pioneer Hotels Limited incorporated and registered in England and Wales with company number 08122926 whose
registered office is at Moorgate House, King Street, Newton Abbot, TQ12 2LG

 

(Seller)

 

	(2)	MD Local Global Limited incorporated and registered in England and Wales with company number 12979697
whose registered office is at New Derwent House, 69 -73 Theobalds Road, London, WC1X 8TA (Buyer)

 

Agreed terms

 

	1.	Interpretation

 

The following definitions and rules of interpretation
apply in this contract.

 

	1.1	Definitions:

 

Buyer's
Conveyancer: Lisa's Law 13 London Rd Elephant and Castle London SE1 6JZ (Ref: MD0001- 5).

 

Charge:
the charge appearing at entry numbers 4 and 5 of the charges register of title number DN159262 as at 24 October 2022 as at
17:03:55 and entry numbers 4 and 5 of the charges register of title number DN85834 as at 24 October 2022 as at 16:36:57 in so
far as it affects the Property

 

06
December

 

Completion
Date: 2022

 

Condition:
any one of the Part 1 Conditions.

 

Contents:
the contents specified in Schedule 1.

 

Contract
Rate: interest at 4% per annum above the base rate from time to time of Barclays Bank plc.

 

Deposit:
 £85,000.00 (exclusive of VAT).

 

Electronic
Payment: payment by electronic means in same day cleared funds from an account held in the name of the Buyer's Conveyancer
at a clearing bank to an account in the name of the Seller's Conveyancer.

 

LPMPA
1994: Law of Property (Miscellaneous Provisions) Act 1994.

 

Part 1
Conditions: the conditions in Part 1 of the Standard Commercial Property Conditions (Third Edition - 2018 Revision).

 

Part 2
Conditions: the conditions in Part 2 of the Standard Commercial Property Conditions (Third Edition - 2018 Revision).

 

Property:
the freehold property at 74 Braddons Hill Road East, Torquay TQ1 1HF known as the Robin Hill Hotel and The Villa being all the property
registered at HM Land Registry with title absolute under title numbers DN159262 and DN85834.

 

    2

     

    

 

Purchase
Price: the total price specified in Schedule 2.

 

Seller's
Conveyancer: Boyce Hatton LLP, 58 the Terrace, Torquay TQ1 1DE (ref: CLB/PIO3/3). VAT:
value added tax or any equivalent tax chargeable in the UK.

 

VAT
Act: Value Added Tax Act 1994.

 

VAT
Group: two or more bodies corporate registered as a group for VAT purposes under section 43 of the VAT Act.

 

	1.2	A person includes a natural person, corporate or unincorporated
body (whether or not having separate legal personality).

 

	1.3	Clause, Schedule and paragraph headings shall not affect the interpretation of this contract.

 

	1.4	The Schedules form part of this contract and shall have effect as if set out in full in the body of this
contract. Any reference to this contract includes the Schedules.

 

	1.5	Unless the context otherwise requires, references to clauses and Schedules are to the clauses and Schedules
of this contract and references to paragraphs are to paragraphs of the relevant Schedule.

 

	1.6	Unless expressly provided otherwise in this contract, a reference to legislation or a legislative provision
is a reference to it as amended, extended or re-enacted from time to time.

 

	1.7	Unless expressly provided otherwise in this contract, a reference to legislation or a legislative provision
shall include all subordinate legislation made from time to time under that legislation or legislative provision.

 

	1.8	Unless the context otherwise requires, words in the singular shall include the plural and in the plural
shall include the singular.

 

	1.9	Unless the context otherwise requires, a reference to one gender shall include a reference to the other
genders.

 

	1.10	The expressions landlord covenant and tenant
covenant each have the meaning given to them by the LTCA 1995.

 

	1.11	Any obligation on a party not to do something includes an obligation not to allow that thing to be done.

 

	1.12	A reference to writing or written includes fax but not email.

 

    3

     

    

 

		2.	Sale and purchase

 

		2.1	The Seller shall sell and the Buyer shall buy the Property and the Contents for the Purchase Price on the terms of this contract.

 

		2.2	The Buyer cannot require the Seller to:

 

		(a)	transfer the Property or any part of it to any person other than the Buyer;

 

		(b)	transfer the Property in more than one parcel or by more than one transfer; or

 

		(c)	apportion the Purchase Price between different parts of the Property.

 

		3.	Conditions

 

		3.1	The Part 1 Conditions are incorporated in this contract so far as they:

 

		(a)	apply to a sale by private treaty;

 

		(b)	relate to freehold property;

 

		(c)	are not inconsistent with the other clauses in this contract; and

 

		(d)	have not been modified or excluded by any of the other clauses in this contract.

 

		3.2	The terms used in this contract have the same meaning when used in the Part 1 Conditions.

 

		3.3	The following Conditions are amended:

 

		(a)	Condition 1.1.1(d) is amended so that reference to the completion date in Condition 1.1.1(d) refers instead to the Completion
Date as defined in this contract;

 

		(b)	Condition 1.1.1(e) is amended so that reference to the contract rate in Condition 1.1.1(e) refers instead to the Contract
Rate as defined in this contract;

 

		(c)	Condition 1.1.1(o) is amended so that reference to VAT in Condition 1.1.1(o) refers instead to VAT as defined in this contract;

 

		(d)	Condition 7.6.3 is amended so that reference to "Condition 4.1.2" is reference to "clause 8" of this contract;
and

 

		(e)	Condition 9.8.3 is amended to add the words "by Electronic Payment" after the word "pay" in both Condition 9.8.3(a) and
Condition 9.8.3(b).

 

		3.4	Condition 1.1.4(a) does not apply to this contract.

 

		3.5	Condition 9.2.1 does not apply to this contract.

 

		3.6	The Part 2 Conditions are not incorporated into this contract.

 

    4

     

    

 

		4.	Risk and insurance

 

		4.1	The Seller shall insure the Property until the Completion Date whereupon it shall be cancelled and any refund due will be due to the
Seller in full.

 

		4.2	The Seller shall at the Buyer's written request:

 

		(a)	permit the Buyer to inspect the policy or evidence of its terms at any reasonable time;

 

		(b)	increase the amount of cover for the Property under the terms of the Seller's insurance policy or extend
the risks covered by it, subject to:

 

		(i)	the insurer being willing and able to do so; and

 

		(ii)	the Buyer paying the Seller on demand any additional premium due for the increased or extended cover; and

 

		(c)	obtain, or consent to, an endorsement on the Seller's insurance policy for the Property of the Buyer's
interest, subject to:

 

		(i)	the insurer being willing to make the endorsement; and

 

		(ii)	the Buyer paying the Seller on demand any additional premium due for the endorsement.

 

		4.3	If, in the period between the date of this contract and completion, the Property is damaged or destroyed by a risk against which the
Seller has insured:

 

		(a)	the Seller shall make a claim under the Seller's insurance policy in respect of that damage or destruction;

 

		(b)	to the extent that any insurance money in respect of the damage or destruction is paid to the Seller before
completion and to the extent that the Seller is not under any statutory or contractual obligation to use any insurance money received
by it to repair or rebuild the Property before completion, the Seller shall:

 

		(i)	hold the insurance money received by it on trust for the Buyer; and

 

		(ii)	pay that money to the Buyer on completion;

 

		(c)	to the extent that any insurance money in respect of the damage or destruction is paid to the Seller after
completion, the Seller shall

 

		(i)	hold the insurance money received by it on trust for the Buyer; and

 

		(ii)	as soon as is reasonably practicable, pay that insurance money to the Buyer; and

 

		(d)	to the extent that any insurance money in respect of the damage or destruction has not been paid to the
Seller before completion, the Seller shall, to the extent permitted by the policy and at the Buyer's expense, assign to the Buyer on completion
all rights to claim under the policy. That assignment shall be in the form reasonably required by the Buyer.

 

		4.4	Conditions 8.2.2, 8.2.3 and 8.2.4(b) do not apply to this contract.

 

    5

     

    

 

		5.	Transfer of funds

 

		5.1	On the date of thiscontract,the Buyershallpay
the Purchase Price by Electronic Payment to the Seller's Conveyancer.

 

		5.2	Conditions 3.2.2 donot apply to this contract.

 

		6.	Deducing title

 

		6.1	The Seller's title to the Property has been deduced to the Buyer's Conveyancer before the date of this contract

 

		6.2	Conditions 7.1, 7.2, 7.3.1 and 7.4.2 do not apply to this contract.

 

		7.	Title guarantee

 

		7.1	The Seller shall transfer the Property with full title guarantee.

 

		7.2	The covenants for title implied by the LPMPA 1994 are modified so that:

 

		(a)	the covenant set out in section 2(1)(b) of the LPMPA 1994 shall not extend to costs arising from
the Buyer's failure to:

 

		(i)	make proper searches; or

 

		(ii)	raise requisitions on title or on the results of the Buyer's
searches; and

 

		(b)	the covenant set out in section 3(3) of the LPMPA 1994 shall extend only to charges or incumbrances
created by the Seller.

 

		7.3	Condition 7.6.2 does not apply to this contract.

 

		8.	Matters affecting the Property

 

		8.1	The Seller shall transfer the Property free from incumbrances other than:

 

(a) any matters,
other than the Charge, contained or referred to in the entries or records made in registers maintained by HM Land Registry under title
number DN159262 as at 24 October 2022 as at 17:03:55 and title number DN85834 as at 24 October 2022 as at 16:36:57 and the Land
Charges Department of HM Land Registry as at the date of this contract;

 

		(b)	any matters discoverable by inspection of the Property before the date of this contract;

 

		(c)	any matters which the Seller does not and could not reasonably know about;

 

		(d)	any matters, other than the Charge, disclosed or which would have been disclosed by the searches and enquiries
which a prudent buyer would have made before entering into this contract;

 

		(e)	public requirements;

 

		(f)	any matters which are unregistered interests which override registered dispositions under Schedule 3 to the Land
Registration Act 2002.

 

    6

     

    

 

		8.2	Conditions 4.1.1, 4.1.2 and 4.1.3 do not apply to this contract.

 

		9.	Buyer's knowledge

 

The Buyer is deemed to have full knowledge of:

 

(a) the Seller's
title to the Property;

 

		10.	Transfer

 

		10.1	The Seller and Buyer shall enter into a transfer deed in the agreed form as annexed to this Contract separately
upon Completion.

 

		10.2	The Seller and the Buyer shall execute the transfer deed as a deed in original and counterpart.

 

		11.	VAT

 

		11.1	The Seller is registered for VAT with VAT registration number 208424427 but no option to tax the Property
(under paragraph 2 or 21 of Schedule 10 to the VAT Act) has been made.

 

		12.	Completion

 

		12.1	Completion shall take place on the Completion Date but time is not of the essence of the contract unless
a notice to complete has been served.

 

		12.2	Condition 1.1.3(b) is amended to read: "in the case of the seller, even though a mortgage remains
secured on the Property, if the amount to be paid on completion enables the Property to be transferred freed of all mortgages, (except
those to which the sale is expressly subject) or if the seller produces reasonable evidence that this is the case.".

 

		12.3	Condition 9.1.1 does not apply to this contract.

 

    7

     

    

 

		12.4	Condition 9.4 is amended to add a new Condition 9.4(d) to read "(d) any other sum which
the parties agree under the terms of the contract should be paid or allowed on completion".

 

		12.5	Condition 9.7 is amended to read: "The buyer is to pay the money due on completion by Electronic
Payment and, if appropriate, by an unconditional release of a deposit held by a stakeholder".

 

		12.6	On, or as soon as reasonably practicable (and, in any event,
no later than 10 working days) after, completion, the Seller shall deliver to the Buyer (or to any other person as the Buyer has directed
in writing to the Seller before completion):

 

		(a)	the completed original transfer in the form required by clause
10.1;

 

		12.7	On, or as soon as reasonably practicable (and, in any event,
no later than 10 working days) after, completion, the Buyer shall deliver to the Seller (or to any other person as the Seller has directed
in writing to the Buyer before completion):

 

		(a)	the completed counterpart transfer in the form required by clause
10.1

 

		13.	Buyer's acknowledgement of condition

 

The Buyer acknowledges that:

 

		(a)	before the date of this contract, the Seller has given the Buyer and others authorised by the Buyer, permission
and the opportunity to inspect, survey and carry out investigations as to the condition of the Property; and

 

		(b)	the Buyer has formed its own view as to the condition of the Property and the suitability of the Property
for its purposes.

 

		14.	Registration of the transfer

 

The Buyer shall:

 

		(a)	apply to register the transfer at HM Land Registry promptly and in any event within one month upon receipt
of Seller's executed transfer deed; and

 

		(b)	ensure that any requisitions raised by HM Land Registry in connection with its application to register
the transfer at HM Land Registry are responded to promptly and properly.

 

		15.	Entire agreement

 

		15.1	This contract and the documents annexed to it constitute the whole agreement between the parties and supersede
all previous discussions, correspondence, negotiations, arrangements, understandings and agreements between them relating to their subject
matter.

 

    8

     

    

 

		15.2	The Buyer acknowledges that in entering into this contract and any documents annexed to it the Buyer does
not rely on, and shall have no remedies in respect of, any representation or warranty (whether made innocently or negligently) other than
those:

 

		(a)	set out in this contract or the documents annexed to it; or

 

		(b)	contained in any Written Replies.

 

		15.3	Nothing in this clause shall limit or exclude any liability for fraud.

 

		15.4	Condition 10.1 is varied so that the words "the negotiations leading to it" are replaced with
the words "Written Replies".

 

		16.	Joint and several liability

 

		16.1	Where a party to this contract comprises more than one person, those persons shall be jointly and severally
liable for the obligations and liabilities of that party arising under this contract. The party to whom those obligations and liabilities
are owed may take action against, or release or compromise the liability of, or grant time or other indulgence to, any one of those persons
without affecting the liability of any other of them.

 

		16.2	Condition 1.2 does not apply to thiscontract.

 

		17.	Notices

 

		17.1	Any notice given under this contract must be in writing and signed by or on behalf of the party giving
it.

 

		17.2	Any notice or document to be given or delivered under this contract must be:

 

		(a)	delivered by hand; or

 

		(b)	sent by pre-paid first class post or other next working day
delivery service.

 

		17.3	Any notice or document to be given or delivered under this contract must be sent to the relevant party
as follows:

 

		(a)	to the Seller at: 
	 	 	 
	 	 	the Seller's Conveyancer, quoting the reference
CLB/PIO3/3;

 

		(b)	to the Buyer at: 
	 	 	 
	 	 	at the Buyer's Conveyancer, quoting the reference
MD0001-5.

 

or as otherwise specified by the relevant party by notice
in writing to the other party.

 

    9

     

    

 

		17.4	Any change of the details in clause 17.3 specified in accordance with that clause shall take effect for the party notified of the
change at 9.00 am on the later of:

 

		(a)	the date, if any, specified in the notice as the effective date for the change; or

 

		(b)	the date five working days after deemed receipt of the notice.

 

		17.5	Giving or delivering a notice or a document to a party's conveyancer has the same effect as giving or delivering it to that party.

 

		17.6	Any notice or document given or delivered in accordance with clause 17.1, clause 17.2 and clause 17.3 shall be deemed to have
                                                                                                                                                 been received:

 

		(a)	if delivered by hand, on signature of a delivery receipt or at the time the notice or document is left
at the address provided that if delivery occurs before 9.00 am on a working day, the notice shall be deemed to have been received at 9.00
am on that day, and if delivery occurs after 5.00 pm on a working day, or on a day which is not a working day, the notice shall be deemed
to have been received at 9.00 am on the next working day. or

 

		(b)	if sent by pre-paid first class post or other next working day delivery service, at 9.00 am on the second
working day after posting.

 

		17.7	In proving delivery of a notice or document, it shall be sufficient to prove that:

 

		(a)	a delivery receipt was signed; or

 

		(b)	the envelope containing the notice or document was properly addressed and posted by pre-paid first class
post or other next working day delivery service.

 

		17.8	A notice or document given or delivered under this contract shall not be validly given or delivered if sent by email.

 

		17.9	Condition 1.3 does not apply to this contract.

 

		17.10	This clause does not apply to the service of any proceedings or other documents in any legal action or, where applicable, any arbitration
or other method of dispute resolution.

 

		18.	Third party rights

 

		18.1	This contract does not give rise to any rights under the Contracts (Rights of Third Parties) Act 1999 to enforce any term of this
contract.

 

		18.2	Condition 1.5 does not apply to this contract.

 

		19.	Governing law

 

This contract and any dispute or claim
(including non-contractual disputes or claims) arising out of or in connection with it or its subject matter or formation shall be governed
by and construed in accordance with the law of England and Wales.

 

    10

     

    

 

		20.	Jurisdiction

 

Each party irrevocably agrees that the
courts of England and Wales shall have exclusive jurisdiction to settle any dispute or claim (including non-contractual disputes or claims)
arising out of or in connection with this contract or its subject matter or formation.

 

This contract has been entered into on the date stated at the beginning
of it.

 

    11

     

    

 

Schedule 1 Contents

 

		1.	The Bedroom Inventory List

		2.	Public Rooms Inventory List

 

    12

     

    

 

Schedule 2 Purchase Price

 

	Property:	 	 	£830,000.00	 
	Contents (referred to Schedule 1):	 	 	£20,000.00	 
	Total Price	 	 	£850,000.00	 

 

    13

     

    

 

	Signed by Director ANDREW MEAD	/s/ Andrew Mead
	for and on behalf of PIONEER HOTELS LIMITED	Director
	 	 
	Signed by Director SIPING XU	/s/ Siping Xu
	for and on behalf of MD Local Global Limited	Director

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