Document:

Exhibit 10.1

 

EQUITY TRANSFER AGREEMENT

 

This EQUITY TRANSFER AGREEMENT
(the “Agreement”) is being executed and delivered this 30th day of January, 2015 (the “Effective
Date”) by and between Rebel Group, Inc. (the “Seller”), and Moxian China, Inc. (the “Buyer”).
Each of the Seller and Buyer, is hereinafter called a “Party”, together, the “Parties.”

 

WHEREAS, the Seller owns
1 ordinary share of Moxian Intellectual Property Limited (“Moxian IP” or the “Subsidiary”),
a corporation incorporated under the laws of Independent State of Samoa and wholly-owned subsidiary of the Seller, constituting
100% of the total issued and outstanding shares of ordinary shares of Moxian IP (the “Moxian IP Equity Interest”);

 

WHEREAS, the Buyer desires
to purchase, and the Seller desires to sell, the Moxian IP Equity Interest in consideration of UNITED STATES DOLLARS SIX MILLION
SEVEN HUNDRED AND EIGHTY TWO THOUSAND ($6,782,000) (the “Purchase Price”) (such transaction, the “Transaction”);

 

WHEREAS, on February 19,
2014, the Seller and the Buyer entered into a License and Acquisition Agreement (the “License and Acquisition Agreement”),
where the Seller sold 100% of the equity interests of Moxian Group Limited, a corporation incorporated in British Virgins Islands
(“Moxian BVI”) for $1,000,000 and granted to the Buyer the exclusive right to use the intellectual property rights
owned by Moxian IP;

 

WHEREAS, the Buyer owed
the Seller an aggregate of $1,000,000 (“Owed Acquisition Price”) as of the date hereof under the License and
Acquisition Agreement, and the Buyer and the Seller desire to terminate the License and Acquisition Agreement with the Buyer’s
obligation and the Seller’s rights with respect to the Owed Acquisition Price surviving such termination.

 

NOW, THEREFORE, in consideration
of the foregoing premises and the mutual covenants set forth herein and for good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, the parties hereto, intending to be legally bound hereby, do hereby agree as follows:

 

1.    Transfer of Equity
Interest of Moxian IP. Upon the terms and subject to the conditions set forth in this Agreement, the Seller shall sell, assign,
transfer, convey and deliver all of the Moxian IP Equity Interest to the Buyer, and the Buyer shall accept all of the outstanding
Moxian IP Equity Interest.

 

2.    Termination of
License and Acquisition Agreement. The Seller and the Buyer hereby agree that the License and Acquisition Agreement shall
be terminated and be of no further force or effect, with the Seller’s right to receive and the Buyer’s obligation
to pay the Owed Acquisition Price surviving such termination.

 

3.    Consideration.
As consideration for the Moxian IP Equity Interest as provided for in Section 1 as well as the Owed Acquisition Price in Section
2, on the Effective Date, the Buyer shall pay to the Seller a convertible promissory note in substantially the form of Exhibit
A hereto (the “Note”) in the principal amount of SEVEN MILLION SEVEN HUNDRED AND EIGHTY TWO THOUSAND U.S. dollars
($7,782,000), which is the sum of the Purchase Price and the Owed Acquisition Price.

 

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4.    Closing.
At the closing, the Seller shall deliver to the Buyer the share certificate representing Moxian IP Equity Interests and the duly
executed stock power and the Note shall be delivered by the Buyer to the Seller. The closing shall be held on such date as the
parties may agree upon (the “Closing” and the “Closing Date”) at 10:00 a.m. and at such
other location or by such other means upon which the parties may agree; provided, that all of the conditions set forth in Section
4 hereof and applicable to the Closing shall have been fulfilled or waived in accordance herewith.

 

5.    Representations
and Warranties of Seller. Seller hereby represents and warrants to the Buyer the following:

 

		(a)	Organization and Standing.
                                         It is a corporation duly organized, validly existing and in good standing under the laws
                                         of Florida, and has all requisite corporate power and authority to own its properties
                                         and assets and to conduct its business as now conducted and is duly qualified to do business
                                         in good standing in each jurisdiction in which the nature of the business conducted by
                                         the Seller or the ownership or leasing of its properties makes such qualification and
                                         being in good standing necessary, except where the failure to be so qualified and in
                                         good standing will not have a material adverse effect on the business, operations, properties,
                                         assets, condition or results of operation of the Seller (a "Material Adverse
                                         Effect");

 

		(b)	Authorization and Validity
                                         of Agreements. Seller has all corporate power and authority to execute and deliver
                                         this Agreement, to perform its obligations hereunder and to consummate the transactions
                                         contemplated hereby. The execution and delivery of this Agreement by Seller and the consummation
                                         by Seller of the transactions contemplated hereby have been duly authorized by all necessary
                                         corporate action of Seller, and no other corporate proceedings on the part of Seller
                                         are necessary to authorize this Agreement or to consummate the transactions contemplated
                                         hereby.

 

		(c)	Title to Shares. Seller
                                         is the sole record and beneficial owner of the Moxian IP Equity Interest and has sole
                                         managerial and dispositive authority with respect to the Moxian IP Equity Interest. The
                                         Seller has not granted any person a proxy with respect to the Moxian IP Equity Interest
                                         owned by such Seller that has not expired or been validly withdrawn. The sale and delivery
                                         by the Sellers of the Moxian IP Equity Interest to the Buyer pursuant to this Agreement
                                         will vest in the Buyer legal and valid title to the Moxian IP Equity Interest, free and
                                         clear of all Liens, security interests, adverse claims or other encumbrances of any character
                                         whatsoever, other than encumbrances created by the Buyer and restrictions on the resale
                                         of the Moxian IP Equity Interest under applicable securities laws (“Encumbrances”).

 

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		(d)	No Conflict. The execution,
                                         delivery and performance of this Agreement and the consummation of the transactions contemplated
                                         hereby do not (i) violate or conflict with the Seller’s Certificate of Incorporation,
                                         By-laws or other organizational documents, (ii) conflict with or result (with the lapse
                                         of time or giving of notice or both) in a material breach or default under any material
                                         agreement or instrument to which the Seller is a party or by which the Seller is otherwise
                                         bound, or (iii) violate any order, judgment, law, statute, rule or regulation applicable
                                         to the Seller, except where such violation, conflict or breach would not have a Material
                                         Adverse Effect on the Seller. This Agreement when executed by the Seller will be a legal,
                                         valid and binding obligation of the Seller enforceable in accordance with its terms (except
                                         as may be limited by bankruptcy, insolvency, reorganization, moratorium and similar laws
                                         and equitable principles relating to or limiting creditors’ rights generally).

 

		(e)	Litigation and Other Proceedings.
                                         There are no actions, suits, proceedings or investigations pending or, to the knowledge
                                         of the Seller or its subsidiaries, threatened against the Seller or its subsidiaries
                                         at law or in equity before or by any court or Federal, state, municipal or their governmental
                                         department, commission, board, bureau, agency or instrumentality, domestic or foreign
                                         which could materially adversely affect the Seller. The Seller is not subject to any
                                         continuing order, writ, injunction or decree of any court or agency against it which
                                         would have a material adverse effect on the Seller.

 

		(f)	Consents/Approvals. No
                                         consents, filings (other than Federal and state securities filings relating to the issuance
                                         of the Shares pursuant to applicable exemptions from registration, which the Seller hereby
                                         undertakes to make in a timely fashion), authorizations or other actions of any governmental
                                         authority are required to be obtained or made by the Seller for the Seller’s execution,
                                         delivery and performance of this Agreement which have not already been obtained or made
                                         or will be made in a timely manner following the Closing.

 

		(g)	No Commissions. The Seller
                                         has not incurred any obligation for any finder’s, broker’s or agent’s
                                         fees or commissions in connection with the transaction contemplated hereby.

 

		(h)	Compliance with Laws.
                                         The business of the Seller and its subsidiaries has been and is presently being conducted
                                         so as to comply with all applicable material federal, state and local governmental laws,
                                         rules, regulations and ordinances.

 

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		(i)	Investment Intent. The
                                         Note issued hereunder to the Seller and the shares issuable upon conversion of the Note
                                         are being purchased for its own account and are not being purchased with the view to,
                                         or for resale in connection with, any distribution or public offering thereof within
                                         the meaning of the 1933 Act. The Seller understands that such Note has not been registered
                                         under the 1933 Act by reason of their issuance in a transaction exempt from the registration
                                         and prospectus delivery requirements of the 1933 Act pursuant to Section 4(2) thereof
                                         of Regulation D promulgated thereunder, and under the securities laws of applicable states
                                         and agrees to deliver to the Buyer, if requested by the Buyer, an investment letter in
                                         customary form. The Seller further understands that the Note shall bear a legend substantially
                                         similar to the following and agrees that it will hold such Note subject thereto:

 

NEITHER THIS NOTE NOR THE SECURITIES
THAT ARE ISSUABLE UPON CONVERSION HEREOF OR UPON EXCHANGE HEREUNDER (COLLECTIVELY, THE “SECURITIES”) HAVE BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “1933 ACT”), OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION.
NEITHER THE SECURITIES NOR ANY INTEREST OR PARTICIPATION THEREIN MAY BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED: (I) IN
THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE 1933 ACT OR APPLICABLE STATE SECURITIES LAWS;
OR (II) IN THE ABSENCE OF AN OPINION OF COUNSEL, IN A FORM ACCEPTABLE TO THE ISSUER, THAT REGISTRATION IS NOT REQUIRED UNDER THE
1933 ACT OR; (III) UNLESS SOLD, TRANSFERRED OR ASSIGNED PURSUANT TO RULE 144 UNDER THE 1933 ACT.

 

		(j)	Due Diligence. The Seller
                                         has had full access to all the information which the Seller (or the Seller’s advisor)
                                         considers necessary or appropriate to make an informed decision with respect to the Seller’s
                                         investment in the Note. The Seller acknowledges that the Buyer has made available to
                                         the Seller and the Seller’s advisors the opportunity to examine and copy any contract,
                                         matter or information which the Seller considers relevant or appropriate in connection
                                         with this investment and to ask questions and receive answers relating to any such matters
                                         including, without limitation, the financial condition, management, employees, business,
                                         obligation, corporate books and records, budgets, business plans of and other matters
                                         relevant to the Buyer. To the extent the Seller has not sought information regarding
                                         any particular matter, the Seller represents that he or she had and has no interest in
                                         doing so and that such matters are not material to the Investor in connection with this
                                         investment. The Seller has accepted the responsibility for conducting the Seller’s
                                         own investigation and obtaining for itself such information as to the foregoing and all
                                         other subjects as the Seller deems relevant or appropriate in connection with this investment.

 

		(k)	Independent decision.
                                         The Seller (i) is a sophisticated person with respect to the investment of the Note;
                                         (ii) has adequate information concerning the business and financial condition of the
                                         Buyer to make an informed decision regarding the investment of the Note; and (c) has
                                         independently and without reliance upon the Buyer, and based on such information as the
                                         Seller has deemed appropriate, made its own analysis and decision to enter into this
                                         Agreement, except that the Seller has relied upon the Buyer’s express representations,
                                         warranties and covenants in this Agreement. The Seller acknowledges that the Buyer has
                                         not given the Seller any investment advice, credit information or opinion on whether
                                         the investment of the Note is prudent.

 

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		(l)	Disclosure. No representation
                                         or warranty by the Seller in this Agreement, the Agreement, nor in any certificate, Schedule
                                         or Exhibit delivered or to be delivered pursuant to this Agreement: contains or will
                                         contain any untrue statement of material fact or omits or will omit to state a material
                                         fact necessary to make the statements contained herein or therein not misleading. To
                                         the knowledge of the Seller and its subsidiaries at the time of the execution of this
                                         Agreement, there is no information concerning the Seller and its subsidiaries or their
                                         respective businesses which has not heretofore been disclosed to the Purchasers that
                                         would have a Material Adverse Effect.

 

6.     Representations
and Warranties of Buyer. Buyer hereby represents and warrants to the Seller the following:

 

(a)    Organization and
Standing. The Buyer is duly incorporated and validly existing under the laws of the State of Nevada, and has all requisite
corporate power and authority to own or lease its properties and assets and to conduct its business as it is presently being conducted.
The Buyer is qualified to do business and is in good standing in each jurisdiction in which the failure to so qualify could reasonably
be expected to have a Material Adverse Effect upon its assets, properties, financial condition, results of operations or business.

 

(b)    Capacity of the
Buyer; Authorization; Execution of Agreements. The Buyer has all requisite power, authority and capacity to enter into this
Agreement and to perform the transactions and obligations to be performed by it hereunder. The execution and delivery of this
Agreement by the Buyer, and the performance by the Buyer of the transactions and obligations contemplated hereby, including, without
limitation, the purchase of the Moxian IP Equity Interest from the Seller hereunder, have been duly authorized by all requisite
corporate action of the Buyer. This Agreement constitutes a valid and legally binding agreement of the Buyer, enforceable in accordance
with its terms, except as enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar
laws of the United States (both state and federal), affecting the enforcement of creditors’ rights or remedies in general
from time to time in effect and the exercise by courts of equity powers or their application of principles of public policy.

 

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(c)    Capitalization.
At the date of this Agreement, the authorized capital stock of the Buyer consists of (i) 500,000,000 shares of Common Stock, of
which 198,300,000 shares are issued and outstanding, and (ii) 100,000,000 shares of preferred stock, par value of $0.001 per share
(“Preferred Stock”), of which no shares are issued and outstanding. The Buyer has no other class or series
of equity securities authorized, issued, reserved for issuance or outstanding. There are (x) no outstanding options, offers, warrants,
conversion rights, contracts or other rights to subscribe for or to purchase from the Buyer, or agreements obligating the Buyer
to issue, transfer, or sell (whether formal or informal, written or oral, firm or contingent), shares of capital stock or other
securities of the Buyer (whether debt, equity, or a combination thereof) or obligating the Buyer to grant, extend, or enter into
any such agreement and (y) no agreements or other understandings (whether formal or informal, written or oral, firm or contingent)
which require or may require the Buyer to repurchase any of its Common Stock. There are no preemptive or similar rights granted
by the Buyer with respect to the Buyer’s capital stock. There are no anti-dilution or price adjustment provisions contained
in any security issued by the Buyer. Except as set forth on Schedule 6(c) hereto and the registration rights provided to the Seller,
the Buyer is not a party to any registration rights agreements, voting agreements, voting trusts, proxies or any other agreements,
instruments or understandings with respect to the voting of any shares of the capital stock of the Buyer, or any agreement with
respect to the transferability, purchase or redemption of any shares of the capital stock of the Buyer. The sale of the Shares
to the Purchaser does not obligate the Buyer to issue any shares of capital stock or other securities to any Person (other than
the Purchaser) and will not result in a right of any holder of Buyer securities, by agreement with the Buyer, to adjust the exercise,
conversion, exchange or reset price under such securities. The outstanding Common Stock is all duly and validly authorized and
issued, fully paid and nonassessable. The Primary Sellers will cause the Buyer not to issue, or resolve or agree to issue, any
securities to any party, other than the Purchaser, prior to the Closing.

 

(d)    Conflicts; Defaults.
The execution and delivery of this Agreement by the Buyer and the performance by the Buyer of the transactions and obligations
contemplated hereby and thereby to be performed by it do not (i) violate, conflict with, or constitute a default under any of
the terms or provisions of, the Certificate of Incorporation, as amended, the Bylaws, or any provisions of, or result in the acceleration
of any obligation under, any contract, note, debt instrument, security agreement or other instrument to which the Buyer is a party
or by which the Buyer, or any of the Buyer’s assets, is bound; (ii) result in the creation or imposition of any Encumbrances
or claims upon the Buyer’s assets or upon any of the shares of capital stock of the Buyer; (iii) constitute a violation
of any law, statute, judgment, decree, order, rule, or regulation of a Governmental Authority applicable to the Buyer; or (iv)
constitute an event which, after notice or lapse of time or both, would result in any of the foregoing.

 

(e)    Securities Laws.
The Buyer has complied in all material respects with applicable federal securities laws, rules and regulations, including the
Sarbanes-Oxley Act of 2002, as amended, as such laws, rules and regulations apply to the Buyer and its securities. All shares
of capital stock of the Buyer have been issued in accordance with applicable federal securities laws, rules and regulations. There
are no stop orders in effect with respect to any securities of the Buyer that have been communicated to the Buyer’s transfer
agent.

 

(f)    Reports. With
a view to making available to the Seller the benefits of Rule 144 of the Securities and Exchange Commission (the “SEC”)
and any other rule or regulation of the SEC that may at any time permit the Seller to sell the shares of common stock issuable
upon conversion of the Note (“Conversion Shares”) to the public without registration, the Buyer shall:

 

(i)    make and
keep available adequate current public information, as those terms are understood and defined in SEC Rule 144;

 

(ii)   use commercially
reasonable efforts to file with the SEC in a timely manner all reports and other documents required of the Buyer under the U.S.
Securities Act of 1933, as amended (the “Securities Act”), and the Securities Exchange Act of 1934, as amended
(the “Exchange Act”); and

 

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(iii)   so long
as the Seller owns any Conversion Shares, furnish to the Seller forthwith upon request (a) a written statement by the Buyer that
it has complied with the reporting requirements of SEC Rule 144, the Securities Act and the Exchange Act; and (b) such other information
as may be reasonably requested in availing the Seller of any rule or regulation of the SEC that permits the selling of any such
securities without registration; and (c) a legal opinion provided by the Buyer’s counsel that the Conversion shares can
be transferred without registration in accordance with Rule 144 promulgated by the SEC under the Securities Act of 1933 in the
event that all the requirements under Rule 144 have been satisfied.

 

(g)   Demand Registration.

 

(i)   If the Buyer
receives a request from the Seller that the Buyer file a registration statement on Form S-1 (a “Registration Statement”)
to register the resale of any of the Conversion Shares (the “Registrable Securities”) held by the Seller (the
“Demand Notice”), then the Buyer shall as soon as practicable, and in any event within thirty (30) days after
the date such request is given by the Seller, file a Registration Statement under the Securities Act covering the resale of all
Registrable Securities that the Seller requested to be registered, subject to potential reduction of the number of Registrable
Securities to be registered for resale in the applicable Registration Statement (“Cut Back Shares”) pursuant
to the requirements of the SEC (“Registration Reduction”). In the event of a Registration Reduction, immediately
after the Company is able to effect the registration of the Cut Back Shares, the Company shall file and cause to be declared effective
such additional Registration Statements in the time frame set forth herein as necessary to ultimately cause to be covered by effective
Registration Statements all Registrable Securities.

 

(ii)   The Buyer
shall use its reasonably best efforts to cause a Registration Statement to be declared effective under the Securities Act as soon
as practicable but in no event later than ninety (90) days after such Registration Statement is initially filed with the SEC.
The Company hereby also agrees to use its reasonable best efforts to keep the Registration Statements continuously effective under
the Securities Act until the Seller no longer owns any Registrable Securities.

 

(iii)   The Buyer
shall pay the Registration Expenses relating to the registration of the Registrable Securities. “Registration Expenses”
means all expenses incident to the Company's performance of or compliance with this Warrant, including all registration and filing
fees, fees and expenses of compliance with securities or blue sky laws, printing expenses, messenger and delivery expenses, expenses
and fees for listing the securities to be registered on exchanges on which similar securities issued by the Company are then listed,
and fees and disbursements of counsel for the Company (but not of counsel to the Holder) and of all independent certified public
accountants, underwriters and other persons retained by the Company.

 

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7.    Indemnification.
The Party (the “Indemnifying Parties”) hereby agrees to indemnify and hold harmless the other Party(the “Indemnified
Parties”) from and against any and all liabilities, obligations, claims, losses, expenses, damages, actions, liens and deficiencies
(including reasonable attorneys’ fees) which exist, or which may be imposed on, incurred by or asserted against the Indemnified
Parties due to or arising out of any breach or inaccuracy of any representation or warranty of the Indemnifying Parties under
Section 5 or 6 hereof, or any covenant, agreement or obligation of any Indemnifying Party hereunder or in any other certificate,
instrument or document contemplated hereby or thereby (“Damages”), for a period of twenty-four (24) months
from the Effective Date (the “Indemnification,” and the period herein is referred to as the “Indemnification
Period”). The Indemnifying Parties shall not be obligated to pay to the Indemnified Parties any amounts for Indemnification
for Damages in excess of US$ USD 7,782,000 (“Cap”). The Indemnifying Parties shall not be obligated to make any payment
for Indemnification in respect of any claims for Damages that are made by the Indemnified Parties after the expiration of the
Indemnification Period; provided, however, that the obligations of the Indemnifying Parties under the Indemnification shall remain
in full force and effect, subject to the Cap, in respect of any claims for Damages which are made prior to, and remain pending
at, the expiration of the Indemnification Period. In addition, the Indemnifying Parties covenants that it shall have no liquidation,
dissolution, winding up or any other similar action of itself within the Indemnification Period. The indemnification provided
by this Section 7 shall be the sole pecuniary remedy of the Indemnified Parties for any Damages; provided, however, that no remedies
of the Indemnified Parties for any breach by the Indemnifying Parties of the representations and warranties contained in Section
5 or 6 shall be limited in any way by this Section 7.

 

8.    Access to Information;
Notification of Certain Matters.

 

(a)   Subject to applicable
law, the Seller shall (i) give to the Buyer or its counsel reasonable access to the books and records of Moxian IP, and (ii) furnish
or make available to the Buyer and its counsel such financial and operating data and other information about Moxian IP as such
persons may reasonably request.

 

(b)    Each party hereto
shall give notice to each other party hereto, as promptly as practicable after the event giving rise to the requirement of such
notice, of:

 

(i)    any communication
received by such party from, or given by such party to, any Governmental Authority in connection with any of the transactions
contemplated hereby;

 

(ii)    any notice or
other communication from any person alleging that the consent of such person is or may be required in connection with the transactions
contemplated by this Agreement; and

 

(iii)    any actions,
suits, claims, investigations or proceedings commenced or, to its knowledge, threatened against, relating to or involving or otherwise
affecting such party or any of its affiliates that, if pending on the date of this Agreement, would have been required to have
been disclosed, or that relate to the consummation of the transactions contemplated by this Agreement; provided, however, that
the delivery of any notice pursuant to this Section 8(b) shall not limit or otherwise affect the remedies available hereunder
to the party receiving such notice.

 

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9.    Miscellaneous.

 

(a)  Entire Agreement.
This Agreement contains the entire understanding of the parties with respect to the matters covered herein and therein and, except
as specifically set forth herein, neither the Seller nor Cannon makes any representation, warranty, covenant or undertaking with
respect to such matters.

 

(b)  Waivers and Amendments.
This Agreement may be amended or modified in whole or in part only by a writing which makes reference to this Agreement executed
by all of the parties hereto. The obligations of any party hereunder may be waived (either generally or in a particular instance
and either retroactively or prospectively) only with the written consent of the party claimed to have given the waiver; provided,
however, that any waiver by any party of any violation of, breach of, or default under any provision of this Agreement or any
other agreement provided for herein shall not be construed as, or constitute, a continuing waiver of such provision, or waiver
of any other violation of, breach of or default under any other provision of this Agreement or any other agreement provided for
herein.

 

(c)  Governing Law and
Submission to Jurisdiction. This Agreement shall in all respects be governed by and construed in accordance with the internal
substantive laws of the State of New York without giving effect to the principles of conflicts of law thereof. Each of the parties
irrevocably agrees that any legal action or proceeding arising out of or relating to this Agreement brought by any other party
or its successors or assigns shall be brought and determined in any New York State or federal court sitting in New York State
(or, if such court lacks subject matter jurisdiction, in any appropriate New York State or federal court), and each of the parties
hereby irrevocably submits to the exclusive jurisdiction of the aforesaid courts for itself and with respect to its property,
generally and unconditionally, with regard to any such action or proceeding arising out of or relating to this Agreement and the
transactions contemplated hereby. Each of the parties agrees not to commence any action, suit or proceeding relating thereto except
in the courts described above in New York, other than actions in any court of competent jurisdiction to enforce any judgment,
decree or award rendered by any such court in New York as described herein. Each of the parties hereby irrevocably and unconditionally
waives, and agrees not to assert, by way of motion or as a defense, counterclaim or otherwise, in any action or proceeding arising
out of or relating to this Agreement or the transactions contemplated hereby, (a) any claim that it is not personally subject
to the jurisdiction of the courts in New York as described herein for any reason, (b) that it or its property is exempt or immune
from jurisdiction of any such court or from any legal process commenced in such courts (whether through service of notice, attachment
prior to judgment, attachment in aid of execution of judgment, execution of judgment or otherwise) and (c) that (i) the suit,
action or proceeding in any such court is brought in an inconvenient forum, (ii) the venue of such suit, action or proceeding
is improper or (iii) this Agreement, or the subject matter hereof, may not be enforced in or by such courts.

 

(d)   Counterparts; Facsimile
and Electronic Signatures. This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an
original, and all of which together will constitute one and the same instrument. The signature pages hereto in facsimile copy
or other electronic means, including e-mail attachment, shall be deemed an original for all purposes.

 

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(e)   Successors and Assigns.
This Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and
permitted assigns, except that the Seller may not assign or transfer their rights hereunder without the prior written consent
of the Buyer, and the Buyer may not assign or transfer its rights under this Agreement without the consent of the Seller.

 

(f)   Third Parties. Nothing
expressed or implied in this Agreement is intended, or shall be construed, to confer upon or give any person other than the parties
hereto and their successors and assigns any rights or remedies under or by reason of this Agreement.

 

(g)   Interpretation. Whenever
the context may require, any pronoun used herein shall include the corresponding masculine, feminine or neuter forms, and the
singular form of nouns, pronouns and verbs shall include the plural and vice versa.

 

[Remainder of this
page intentionally left blank.]

 

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

 

	 	Rebel Group, Inc.
	 	 	 
	 	By:	/s/ Liew Kwong Yeow
	 	 	Name: Liew Kwong Yeow
	 	 	Title:   Chief Executive
    Officer
	 	 	 
	 	Moxian China, Inc.
	 	 	 
	 	By:	/s/ Ng Kian Yong
	 	 	Name: Ng Kian Yong
	 	 	Title:   Chief Executive Officer

 

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EXHIBIT A

 

FORM OF CONVERTIBLE PROMISSORY NOTE

 

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NEITHER THIS NOTE NOR THE SECURITIES THAT
ARE ISSUABLE UPON CONVERSION HEREOF OR UPON EXCHANGE HEREUNDER (COLLECTIVELY, THE “SECURITIES”) HAVE BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “1933 ACT”), OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION.
NEITHER THE SECURITIES NOR ANY INTEREST OR PARTICIPATION THEREIN MAY BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED: (I) IN
THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE 1933 ACT OR APPLICABLE STATE SECURITIES LAWS;
OR (II) IN THE ABSENCE OF AN OPINION OF COUNSEL, IN A FORM ACCEPTABLE TO THE ISSUER, THAT REGISTRATION IS NOT REQUIRED UNDER THE
1933 ACT OR; (III) UNLESS SOLD, TRANSFERRED OR ASSIGNED PURSUANT TO RULE 144 UNDER THE 1933 ACT.

 

CONVERTIBLE PROMISSORY NOTE

 

	Issuance Date:  January
    30, 2015	US $ 7,782,000

 

FOR VALUE RECEIVED, MOXIAN CHINA, INC.,
a Nevada Corporation (the “Company”) located at Room 2313-2315, Block B, Zhongshen Garden, Caitian South
Road, Futian District, Shenzhen, Guangdong Province, China 518101 hereby promises to pay to the order of REBEL GROUP, INC.
located at or its successors or assigns (the “Holder”), the principal amount of Seven Million Seven
Hundred Eighty-Two Thousand United States Dollars (US$7,782,000) on or prior to nine (9) months after the issuance of this Note
(the “Maturity Date”), in accordance with the terms hereof. This Convertible Promissory Note (this note,
and all notifications, extensions, future advances, supplements, and renewals thereof, and any substitutions therefor, hereinafter
referred to as the “Note” together with other notes that are issued pursuant to the Equity Transfer
Agreement, dated as of the even date hereof (the “Equity Transfer Agreement”), entered into by and between
the Company and the Holder. Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Equity
Transfer Agreement.

 

1.    Payments of Principal and
Interest.

 

(a)    Payment of Principal.
The principal amount of this Note shall be paid to the Holder on or prior to the Maturity Date. 

 

(b)    Payment of Interest.
This Note shall be interest free and shall not accrue any interest. Upon the occurrence of an Event of Default, the Note shall
bear interest at the lesser of (i) the compounded rate of one (1%) percent per year until such Event of Default is cured or (ii)
the maximum permitted under applicable law.

 

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(c)    General Payment
Provisions. So long as a Holder or any of its nominees shall be the holder of any Note, and notwithstanding anything contained
elsewhere in this Note to the contrary, all sums of principal, interest or otherwise becoming due on this Note shall be made in
lawful money of the United States of America by certified bank check or wire transfer to such account as the Holder may designate
by written notice to the Company no later than 4:00 p.m. New York time, on the date such payment is due, without the presentation
or surrender of such Note or the making of any notation thereon. Any payment made after 4:00 p.m. New York time, on a Business
Day will be deemed made on the next following Business Day. Whenever any amount expressed to be due by the terms of this Note
is due on any day which is not a Business Day, the same shall instead be due on the next succeeding Business Day, and interest
shall be payable on any principal so extended for the period of such extension. All amounts payable under this Note shall be paid
free and clear of, and without reduction by reason of, any deduction, set-off or counterclaim. The Company will afford the benefits
of this Section to the Holder and to each other Person holding this Note. For purposes of this Note, “Business Day”
shall mean any day other than a Saturday, Sunday or a day on which commercial banks in the State of New York are authorized or
required by law or executive order to remain closed.

 

(d)    Optional Prepayment.
At any time prior to the Maturity Date, the Company may pre-pay this Note without penalty and, upon such prepayment in full, the
Holder shall have no further rights under this Note, including no rights of conversion.

 

2.     Conversion
of Note.

 

(a)   Optional Conversion.    Any
and all sums due under this Note may be converted into Common Stock of the Company (the “Conversion Shares”)
at any time at a conversion price (the “Conversion Price”) equal to $1.00 per share at the option of
the Company, if and only if, the volume weighted average price (“VWAP”) of the Company’s Common
Stock as reported by Bloomberg for a period of thirty (30) trading days immediately prior to the date of conversion is higher
than the Conversion Price. The number of Conversion Shares to be issued as a result of the optional conversion of the Note shall
be calculated by dividing: (x) all or any portion of the outstanding and unpaid principal and interest of this Note, by (y) the
Conversion Price. The Conversion Price shall be subject to adjustment to reflect forward or reverse stock splits, recapitalizations,
stock dividends as set forth herein.

 

(b)   Mechanics of
Conversion. The conversion of this Note shall be conducted in the following manner:

 

(i)    Subject to Section 2(b) hereof,
this Note may be converted by the Company in whole or in part at any time from time to time after the Issuance Date, by (A) submitting
to the Holder a Notice of Conversion in the form of Exhibit A (by facsimile, e-mail or other reasonable means of
communication dispatched on the Conversion Date prior to 6:00 p.m., New York, New York time) and (B) delivering the Conversion
Shares to the Holder’s address no later than ten (10) Trading Days after the date of the Notice of Conversion in the manner
as provided under this Section 2(b). Notwithstanding anything to the contrary set forth herein, upon conversion of this Note in
accordance with the terms hereof, the Holder shall not be required to physically surrender this Note to the Company unless the
entire unpaid principal amount of this Note is so converted.  The Holder and the Company shall maintain records showing the
principal amount so converted and the dates of such conversions or shall use such other method, reasonably satisfactory to the
Holder and the Company, so as not to require physical surrender of this Note upon each such conversion.  In the event of
any dispute or discrepancy, such records of the Company shall, prima facie, be controlling and determinative
in the absence of manifest error.  Notwithstanding the foregoing, if any portion of this Note is converted as aforesaid,
the Holder may not transfer this Note unless the Holder first physically surrenders this Note to the Company, whereupon the Company
will forthwith issue and deliver upon the order of the Holder a new Note of like tenor, registered as the Holder (upon payment
by the Holder of any applicable transfer taxes) may request, representing in the aggregate the remaining unpaid principal amount
of this Note.  The Holder and any assignee, by acceptance of this Note, acknowledge and agree that, by reason of the provisions
of this paragraph, following conversion of a portion of this Note, the unpaid and unconverted principal and interest of this Note
represented by this Note may be less than the amount stated on the face hereof. At such time as such conversion has been effected,
the rights of the Holder of this Note as the Holder of such Note shall cease (with respect to the amount so converted), and the
Person or Persons in whose name or names any certificate or certificates for the Common Stock are to be issued upon such conversion
shall be deemed to have become the holder or holders of record of the Common Stock represented thereby.

    	14

    	 

    

 

(ii)    As soon as possible after
the conversion has been effected, the Company or acquirer shall deliver to the converting holder a certificate or certificates
representing the Conversion Shares issuable by reason of such conversion in such name or names and such denomination or denominations
as the Holder has specified.

 

(iii)    No fraction of shares or
scrip representing fractions of shares will be issued on conversion. Upon any conversion of the entire outstanding principal of
and interest on this Note, the number of shares or other securities issuable shall be rounded up to the nearest whole number.

 

(iv)    The issuance of certificates
for Conversion Shares upon conversion of this Note shall be made without charge to the holder hereof in respect thereof or other
cost incurred by the Company or acquirer in connection with such conversion and the related issuance of Conversion Shares.

 

(v)    Neither the Company nor acquirer
shall close its books against the transfer of this Note in any manner which interferes with the timely conversion of this Note.
The Company shall assist and cooperate with any holder of this Note required to make any governmental filings or obtain any governmental
approval prior to or in connection with the conversion of this Note (including, without limitation, making any filings required
to be made by the Company).

 

(vi)    The Company or its acquirer
shall at all times reserve and keep available out of its authorized but unissued shares of the common stock, solely for the purpose
of issuance upon conversion hereunder, such number of shares of other type of capital securities of the Company or its acquirer
issuable upon conversion. All Conversion Shares which are so issuable shall, when issued, be duly authorized and validly issued,
fully paid and nonassessable and free from all taxes, liens and charges. The Company or its acquirer shall take all such actions
as may be necessary to assure that all such Conversion Shares may be so issued without violation of any applicable law or governmental
regulation or any requirements of any domestic securities exchange upon which such shares of capital stock are quoted.

 

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3.    Adjustment
to the Conversion Price. 

 

(a)   Adjustment Due
to Merger, Consolidation, Etc. At the option of the Holder, the sale, conveyance or disposition of all or substantially all
of the assets of the Company, the effectuation by the Company of a transaction or series of related transactions in which more
than 50% of the voting power of the Borrower is disposed of, or the consolidation, merger or other business combination of the
Company with or into any other Person or Persons when the Company is not the survivor shall be treated pursuant to Section 3(b)
hereof. “Person” shall mean any individual, corporation, limited liability company, partnership, association,
trust or other entity or organization.

 

(b)   Adjustment Due
to Merger, Consolidation, Etc. If, at any time when this Note is issued and outstanding, there shall be any merger, consolidation,
exchange of shares, recapitalization, reorganization, or other similar event, as a result of which shares of Common Stock of the
Company shall be changed into the same or a different number of shares of another class or classes of stock or securities of the
Company or another entity, or in case of any sale or conveyance of all or substantially all of the assets of the Company other
than in connection with a plan of complete liquidation of the Company, then the Holder of this Note shall thereafter have the
right to receive upon conversion of this Note, upon the basis and upon the terms and conditions specified herein and in lieu of
the shares of Common Stock immediately theretofore issuable upon conversion, such stock, securities or assets which the Holder
would have been entitled to receive in such transaction had this Note been converted in full immediately prior to such transaction
(without regard to any limitations on conversion set forth herein), and in any such case appropriate provisions shall be made
with respect to the rights and interests of the Holder of this Note to the end that the provisions hereof (including, without
limitation, provisions for adjustment of the Conversion Price and of the number of shares of Conversion Shares issuable upon conversion
of the Note) shall thereafter be applicable, as nearly as may be practicable in relation to any securities or assets thereafter
deliverable upon the conversion hereof.

 

(c)    Purchase Rights.
If, at any time when the Note is issued and outstanding, the Company issues any convertible securities or rights to purchase stock,
warrants, securities or other property (the “Purchase Rights”) pro rata to the record holders of any
class of Common Stock, then the Holder of this Debenture will be entitled to acquire, upon the terms applicable to such Purchase
Rights, the aggregate Purchase Rights which such Holder could have acquired if such Holder had held the number of units of Conversion
Shares acquirable upon complete conversion of this Note (without regard to any limitations on conversion contained herein) immediately
before the date on which a record is taken for the grant, issuance or sale of such Purchase Rights or, if no such record is taken,
the date as of which the record holders of Common Stock are to be determined for the grant, issue or sale of such Purchase Rights.

 

4.    Demand Registration

 

(a)   If the Buyer receives
a request from the Seller that the Buyer file a registration statement on Form S-1 (a “Registration Statement”)
to register the resale of any of the Conversion Shares (the “Registrable Securities”) held by the Seller (the “Demand
Notice”), then the Buyer shall as soon as practicable, and in any event within thirty (30) days after the date such
request is given by the Seller, file a Registration Statement under the Securities Act covering the resale of all Registrable
Securities that the Seller requested to be registered, subject to potential reduction of the number of Registrable Securities
to be registered for resale in the applicable Registration Statement (“Cut Back Shares”) pursuant to
the requirements of the SEC (“Registration Reduction”). In the event of a Registration Reduction, immediately
after the Company is able to effect the registration of the Cut Back Shares, the Company shall file and cause to be declared effective
such additional Registration Statements in the time frame set forth herein as necessary to ultimately cause to be covered by effective
Registration Statements all Registrable Securities.

 

    	16

    	 

    

 

(b)   The Buyer shall use
its reasonably best efforts to cause a Registration Statement to be declared effective under the Securities Act as soon as practicable
but in no event later than ninety (90) days after such Registration Statement is initially filed with the SEC. The Company hereby
also agrees to use its reasonable best efforts to keep the Registration Statements continuously effective under the Securities
Act until the Seller no longer owns any Registrable Securities.

 

(c)   The Buyer shall pay
the Registration Expenses relating to the registration of the Registrable Securities. “Registration Expenses”
means all expenses incident to the Company's performance of or compliance with this Warrant, including all registration and filing
fees, fees and expenses of compliance with securities or blue sky laws, printing expenses, messenger and delivery expenses, expenses
and fees for listing the securities to be registered on exchanges on which similar securities issued by the Company are then listed,
and fees and disbursements of counsel for the Company (but not of counsel to the Holder) and of all independent certified public
accountants, underwriters and other persons retained by the Company.

 

5.    Transfer, Exchange and
Replacement.

 

(a)   Transfer.
This Note has not been and is not being registered under the provisions of the Act or any state securities laws and this Note
may not be transferred prior to the end of the holding period applicable to sales under Rule 144 unless in accordance with applicable
law and unless (1) the transferee is an “accredited investor” (as defined in Regulation D under the Securities Act)
and (2) the holder shall have delivered to the Company an opinion of counsel, reasonably satisfactory in form, scope and substance
to the Company, to the effect that this Note may be sold or transferred without registration under the Act. Prior to any such
transfer, such transferee shall have represented in writing to the Company that such transferee has requested and received from
the Company all information relating to the business, properties, operations, condition (financial or other), results of operations
or prospects of the Company deemed relevant by such transferee, and that such transferee has been afforded the opportunity to
ask questions of the Company concerning the foregoing. Upon surrender of any Note for registration of transfer or for exchange
to the Company at its principal office, the Company at its sole expense will execute and deliver in exchange therefor a new Note
or Notes, as the case may be, as requested by the holder or transferee, which aggregate principal amount is equal the unpaid principal
amount of such Note, registered as such holder or transferee may request, dated so that there will be no loss of interest on the
Note and otherwise of like tenor; provided that this Note may not be transferred by Holder to any Person other than Holder’s
affiliates without the prior written consent of the Company (which consent shall not be unreasonably withheld or delayed). The
issuance of new Notes shall be made without charge to the holder(s) of the surrendered Note for any issuance tax in respect thereof
or other cost incurred by the Company in connection with such issuance, provided that each holder of the Note shall pay any transfer
taxes associated therewith. The Company shall be entitled to regard the registered holder of this Note as the holder of the Note
so registered for all purposes until the Company or its agent, as applicable, is required to record a transfer of this Note on
its register.

 

    	17

    	 

    

 

(b)    Replacement.
Upon notice to the Company of the loss, theft, destruction or mutilation of this Note, and, in the case of loss, theft or
destruction, of an indemnification undertaking by the Holder to the Company in a form reasonably acceptable to the Company and,
in the case of mutilation, upon surrender and cancellation of the Note, the Company shall execute and deliver a new Note of like
tenor and date and in substantially the same form as this Note; provided, however, the Company shall not be obligated to
re-issue a Note if the Holder contemporaneously requests the Company to convert such remaining principal amount and interest into
Common Stock.

 

6.    Defaults and Remedies.

 

(a)    Events of Default.
An “Event of Default” means any of the following events which is not cured within 10 business
days (the “Cure Period”) provided however that such Cure Period is not applicable to paragraph (i) below:

 

(i)    failure
by the Company to pay any principal amount or interest due hereunder within thirty (30) Business Days of the date such payment
is due;

 

(ii)    the
Company shall:

 

		(1)	make a general assignment for the
                                         benefit of its creditors;

 

(2) apply for or consent to
the appointment of a receiver, trustee, assignee, custodian, sequestrator, liquidator or similar official for itself or any of
its assets and properties;

 

(3) commence a voluntary case
for relief as a debtor under the United States Bankruptcy Code;

 

(4) file with or otherwise submit
to any governmental authority any petition, answer or other document seeking: (A) reorganization, (B) an arrangement
with creditors or (C) to take advantage of any other present or future applicable law respecting bankruptcy, reorganization,
insolvency, readjustment of debts, relief of debtors, dissolution or liquidation;

 

(5) file or otherwise submit
any answer or other document admitting or failing to contest the material allegations of a petition or other document filed or
otherwise submitted against it in any proceeding under any such applicable law, or

 

(6) be adjudicated a bankrupt
or insolvent by a court of competent jurisdiction;

 

(iii)    any
receiver, trustee, assignee, custodian, sequestrator, liquidator or other official shall be appointed with respect to the Company,
or shall be appointed to take or shall otherwise acquire possession or control of all or a substantial part of the assets and
properties of the Company, and any of the foregoing shall continue unstayed and in effect for any period of sixty (60) days;

 

(iv)    any
material breach by the Company of any of its representations or warranties under the Equity Transfer Agreement; or

 

(v)    any
default, whether in whole or in part, shall occur in the due observance or performance of any obligations or other covenants,
terms or provisions to be performed under this Note or the Equity Transfer Agreement which is not cured by the Company within
the Cure Period after receipt of written notice thereof.

 

    	18

    	 

    

 

(b)    Remedies.
Holder of the Note at its option may declare all principal and accrued and unpaid interest thereon and all other amounts payable
under this Note immediately due and payable; provided, however, that this Note shall automatically become due and payable
without any declaration in the case of an Event of Default specified in clause (ii) of Section 6(a) above.

 

7.     Right of First
Refusal. 

 

If the Holder proposes to
offer, sell, contract to sell, assign, transfer, hypothecate, pledge or grant a security interest in, or otherwise dispose of,
or enter into any transaction which is designed to, or might reasonably be expected to, result in the disposition of (whether
by actual disposition or effective economic disposition due to cash settlement or otherwise, directly or indirectly (each, a “Transfer”),
any of the Conversion Shares, the Holder shall provide a written notice to the Company no later than 10 days prior to such Transfer
(the “Waiting Period”). By written notification to the Holder with the Waiting Period, the Company may
elect to repurchase the Conversion Shares or to nominate any Person to acquire the Conversion Shares, at a price (the “ROFR
Price”) equals to (x) the VWAP of the Company’s Common Stock as reported by Bloomberg for a period of thirty
(30) trading days, multiplied by (y) 80%; provided however, that the ROFR Price shall in no event be lower than the Conversion
Price based on which the Conversion Shares have been issued.

 

8.    Amendment and
Waiver. The provisions of this Note may not be modified, amended or waived, without a written amendment executed by the Company
and holders of the Notes consisting of a majority of the outstanding principal amount.

 

9.    Voting Rights.
Upon Conversion into the Common Stock the Holder shall have the voting rights applicable to the Common Stock consistent with the
Company’s Articles of Incorporation and By-laws. 

 

10.   Investment Representations.
This Note has been issued subject to certain investment representations of the original Holder set forth in the Equity Transfer
Agreement and may be transferred or exchanged only in compliance with the Equity Transfer Agreement and applicable federal and
state securities laws and regulations.

 

11.   Cancellation.
After all principal owed on this Note has been paid in full, this Note shall automatically be deemed canceled, shall be surrendered
to the Company for cancellation and shall not be re-issued.

 

12.   Waiver of Notice.
To the extent permitted by law, the Company hereby waives demand, notice, protest and all other demands and notices in connection
with the delivery, acceptance, performance, default or enforcement of this Note.

 

    	19

    	 

    

 

13.   Governing Law.
This Note shall be construed and enforced in accordance with, and all questions concerning the construction, validity, interpretation
and performance of this Note shall be governed by, the laws of the State of Nevada, without giving effect to provisions thereof
regarding conflict of laws. Each party hereto hereby irrevocably submits to the non-exclusive jurisdiction of the state and federal
courts sitting in the State of Florida for the adjudication of any dispute hereunder or in connection herewith or with any transaction
contemplated hereby or discussed herein, and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding,
any claim that it is not personally subject to the jurisdiction of any such court, that such suit, action or proceeding is brought
in an inconvenient forum or that the venue of such suit, action or proceeding is improper. Each party hereto hereby irrevocably
waives personal service of process and consents to process being served in any such suit, action or proceeding by sending by certified
mail or overnight courier a copy thereof to such party at the address indicated in the preamble hereto and agrees that such service
shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit
in any way any right to serve process in any manner permitted by law. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES ANY RIGHT
IT MAY HAVE, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION
HEREWITH OR ARISING OUT OF THIS AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY.

 

14.   Remedies, Characterizations,
Other Obligations, Breaches and Injunctive Relief.

 

The remedies provided
in this Note shall be cumulative and in addition to all other remedies available under this Note, at law or in equity.

 

15.   Specific Shall
Not Limit General; Construction. No specific provision contained in this Note shall limit or modify any more general provision
contained herein. This Note shall be deemed to be jointly drafted by the Company and the Holder and shall not be construed against
any person as the drafter hereof.

 

16.   Failure or Indulgence
Not Waiver. No failure or delay on the part of this Note in the exercise of any power, right or privilege hereunder shall
operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or privilege preclude other or
further exercise thereof or of any other right, power or privilege.

 

17.   Assignments.
The Holder may assign, participate, transfer or otherwise convey this Note and any of its rights or obligations hereunder or interest
herein, in whole or part, to any other Person and this Note shall inure to the benefit of the Payee’s successors and assigns.
The Company shall not assign or delegate this Note or any of its liabilities or obligations hereunder without the prior written
consent from the Holder.

 

18.    Notice.
Notice shall be given to each party at the address indicated in the preamble hereto or at such other address as provided to the
other party in writing.

 

[-Signature Page Follows-]

 

    	20

    	 

    

 

IN WITNESS WHEREOF,
the Company has caused this Note to be executed on and as of the Issuance Date.

 

	 	Moxian China, Inc.
	 	 	 
	 	By:	/s/ Ng Kian Yong
	 	Name:	Ng Kian Yong
	 	Title:	Chief Executive Officer

 

[-Signature Page to Convertible Promissory
Note-]

 

    	21

    	 

    

 

EXHIBIT A

 

NOTICE OF CONVERSION

 

The Company hereby elects to convert $_____________
amount of the Note (defined below) into that number of shares of Common Stock (“Common Stock”) to be issued pursuant
to the conversion of the Note as set forth below, of Moxian China, Inc., a Nevada corporation (the “Company”) according
to the conditions of the convertible promissory note of the Company dated as of __________ (the “Note”), as of the
date written below.  No fee will be charged to the Holder for any conversion, except for transfer taxes, if any.  

 

	Date of Conversion: 	 	
	Applicable Conversion Price: 		
	Number of Shares of Common Stock to be issued pursuant
to Conversion of the Note: 		
	Amount of Principal due remaining under
    the Note after this conversion:		

 

	MOXIAN CHINA, INC.	 
	 	 	 
	By:	 	 
	Name:	 	 
	Title:	 	 
	Date:	 	 

 

Acknowledged and Accepted by Holder: 

 

The undersigned hereby requests that the Company
issue a certificate or certificates for the number of shares of Common Stock set forth below in the name(s) specified immediately
below or, if additional space is necessary, on an attachment hereto:

 

		 
	 	 
	 	 
	 	 	 
	By:	 	 
	 	 	 
	Name:	 	 
	Title:	 	 
	Date:	 	 

 

 

22Exhibit 10.3

 

Plan of Disposition

 

of

 

Moxian Intellectual Property Limited

 

January 30, 2015

 

The PLAN OF DISPOSITION sets forth the
procedure and distribution of proceeds of the sale of 100% equity interests of Moxian Intellectual Property Limited (“Moxian
IP”), a company incorporated under the laws of Samoa and a wholly-owned subsidiary of Rebel Group, Inc. (the “Company”).

 

1       OVERVIEW

 

Moxian IP is a company that engages
in the business of licensing and commercializing the intellectual property of a social network platform that integrates social
media and business into one single platform (“Moxian Platform”). According to an appraisal report prepared by Grant
Sherman Appraisal Limited, an independent third party, as of November 15, 2014, the total market value of Moxian IP is US $6,782,000
(the “Market Value”). The appraisal report is attached hereto as Exhibit A. In addition, pursuant to the License
and Acquisition Agreement dated February 19, 2014 between the Company and Moxian China, Inc. (“Moxian”), a Nevada corporation
(the “License and Acquisition Agreement”), Moxian owed the Company $1,000,000 for acquiring from the Company 100% of
the equity interests of Moxian Group Limited, formerly the Company’s wholly-owned subsidiary (the “Owed Acquisition
Price”).

 

2       OBJECTIVES

 

The Company intends to enter into an
Equity Transfer Agreement (the “Equity Transfer Agreement”) in the form of Exhibit B with Moxian, to sell, transfer,
and convey 100% equity interest of Moxian IP to Moxian and to terminate the License and Acquisition Agreement with Moxian. In consideration
of the foregoing, Moxian agrees to issue to the Company a convertible promissory note in the form of Exhibit C (the “Note”)
in the amount of the sum of the Market Value and the Owed Acquisition Price, with a maturity date of nine months from the date
of issuance. The Company desires to distribute all of the proceeds from the sale of Moxian and the Owed Acquisition Price (the
“Distribution”) to the shareholders as of the record date designated by the Company on a pro-rata basis, except for
those shareholders who waive the rights to receive such proceeds by executing a written waiver in substantially the form of Exhibit
D attached herein (the “Waiver”). The Company plans to effect the Distribution no later than the one year anniversary
from the closing of the sale of Moxian IP.

 

    	 

    	 

    

 

3       DISTRIBUTION OF PROCEEDS

 

3.1 Pursuant to the terms and conditions
of the Note, the Note is due and payable in nine (9) months and accrues interest at an annual rate of 1%. Moxian has the right
to convert all or any portion of the outstanding and unpaid principal and interest of the Note into shares of Moxian common stock
(“Conversion Shares”) at a conversion price of $1.00 per share (the “Conversion Price”), if and only if,
the volume weighted average price of the Moxian common stock for thirty (30) trading days immediately prior to the date of conversion
is higher than the Conversion Price.

 

3.2 In the event that the Note converts
into Conversion Shares, the Company also has the right to demand Moxian to file a Form S-1 registration statement to register the
Conversion Shares for resale. The Company then will use commercially reasonable efforts to sell, transfer, or convey the Conversion
Shares for cash. Moxian has a right of first refusal where in the event that the Company proposes to sell or transfer any of the
Conversion Shares, the Company shall notify Moxian about such sale, and within 10 days of notice Moxian may elect to repurchase
or nominate a third party buyer to purchase the Conversion Shares.

 

3.3 All of the proceeds derived from
the repayment of the Note under Section 3.1 or the sale of the Conversion Shares under Section 3.2, shall be distributed to the
shareholders as of the record date designated by the Company on a pro-rata basis, except for those who execute the Waiver. The
Distribution shall be effected no later than one year from the closing of the sale of Moxian IP.

 

 

    	 

    	 

    

 

 

EXHIBIT A

 

Appraisal Report

 

Incorporated by reference to Exhibit
10.4 of the Company’s Current Report on Form 8-K filed with the SEC on February 5, 2015

 

 

    	 

    	 

    

 

 

EXHIBIT B

 

Equity Transfer Agreement

 

Incorporated by reference to Exhibit 10.1 of the Company’s
Current Report on Form 8-K filed with the SEC on February 5, 2015

 

 

 

 

    	 

    	 

    

 

 

EXHIBIT C

 

Form of Note

 

Incorporated by reference to Exhibit 10.1 of the Company’s
Current Report on Form 8-K filed with the SEC on February 5, 2015

 

 

 

    	 

    	 

    

 

  

EXHIBIT D

 

Waiver

 

 

_________, 2015

The Company Secretary

Rebel Group, Inc.

Unit No. 304, New East Ocean Centre

No 9 Science Museum Road, T.S.T.

Kowloon, Hong Kong

 

Re:          Rebel Group, Inc.

Certificate No._________, r/n/o Total
Glory International Limited _____________ shares

 

Ladies and Gentlemen:

 

The undersigned, with the address at _____________, being
the registered stock holder of ________ shares of common stock, par value $.0001 per share (“Common Stock”) of Rebel
Group, Inc., a Florida corporation (the “Company”), each fully paid in the capital of the Company, does hereby irrevocably
waive for itself, its successors and assigns, for each share of Common Stock held by the undersigned, any and all right and entitlement
to payment of any and all of the proceeds (including any dividend, interest and proceeds thereof) that the Company or its stockholders
will receive as a result of (a) the sale of Moxian Intellectual Property Limited, a wholly-owned subsidiary of the Company, and
(b) the repayment of $1,000,000 to the Company by Moxian China, Inc. pursuant to the License and Acquisition Agreement dated February
21, 2014, which are to be distributed to the Company’s stockholders on a pro rata basis immediately after such sale.

 

Sincerely,

 

TOTAL GLORY INTERNATIONAL LIMITED

 

By: _________________________

Name:

Title:

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