Document:

Exhibit 10.1

  

THIS DEED OF AMENDMENT AND RESTATEMENT is made on 30 April 2022

 

BETWEEN:

 

Genius Group Ltd, a Singapore
Registered Company (“GG”), with its registered office at 8 Amoy Street, #01-01 Singapore 049950 represented by Roger
James Hamilton;

 

and

 

Property Mastermind International
PTE Ltd. (the (“PMI”), a private company limited by shares duly organised and operating under the Laws of Singapore,
with registered seat in Upper Serangoon Road #02-08, Choon Kim House, Singapore 5n4649 represented by Simon Zutshi.

 

and

 

Simon Zutshi (“SZ”), an individual
with a principal place of residence at 55 Christchurch Close, Birmingham B15 3NE

  

BACKGROUND

  

		(A)	PMI and GG entered into a Share Purchase (the “S&P Agreement”) dated 30 November
2020 amended by the Deed as of April 14, 2022 pursuant to which PMI transferred the Shares of:

 

		(i) Property Investors Network Ltd, a private company limited by shares (hereinafter referred
                                                                 to as “PIN”), registered under the number 8166332 at the Register for the Companies for England and Wales with
                                                                 its registered office at Quadrant Court Calthorpe Road Edgbaston Birmingham B15 1TH; and

 

		(ii) Mastermind Principles Limited, a private company limited by shares (hereinafter referred
                                                                             to as “MPL”), registered under the number 07106363 at the Register for the Companies for England and Wales with
                                                                             its registered office at Quadrant Court Calthorpe Road Edgbaston Birmingham B15 1TH.

 

		(B)	Due to the certain circumstances PMI and GG decided that the the Party of the S&P Agreement shall
be Simon Zutshi, the sole Shareholder of PMI (hereinafter referred to as “Seller” or “Simon Zutshi”) not PMI.
SZ agreed for such change.

 

		(C)	The Parties decided to add certain provisions regarding the Price Calculation, Top Up options and Call
Options, as well as execute the separate Management Agreement for SZ

 

		(D)	Pursuant to this Deed, the Parties have agreed to amend and restate the S&P Agreement on the terms
and conditions set out herein.

 

    

     

    

 

AGREED TERMS

  

It is agreed as follows:

 

		1.	AMENDMENT

 

	1.1.	From and including the Effective Date the Parties agree that the S&P Agreement will be amended so
that it reads as if it were restated in the form set out in the Schedule (Form of Amended and Restated Agreement) of this Deed.

 

	1.2.	Save to the extent expressly amended in this Deed, nothing contained in this Deed shall be construed as
a waiver, variation, modification or amendment of the provisions of the Agreement.

 

		2.	GENERAL

 

	2.1.	If this Deed is or becomes illegal, invalid or unenforceable in any respect under any jurisdiction, that
will not affect:

 

		(a)	the legality, validity or enforceability in that jurisdiction of any other term of this Deed; or

 

		(b)	the legality, validity or enforceability in other jurisdictions of that or any other term of this Deed.

 

	2.2.	The Parties shall do all such acts and things necessary or desirable to give effect to the amendments
effected or to be effected pursuant to this Deed.

 

	2.3.	This Deed may be executed in any number of counterparts. This has the same effect as if the signatures
on the counterparts were on a single copy of this Deed.

 

	2.4.	THIS DEED has been entered into as a deed on the date stated at the beginning of this Deed.

  

	SIGNED and
    delivered as a Deed by:	 
	Genius Group Ltd.	 
	 	 
	By:	 /s/ Roger James Hamilton	 
	 	 	 
	Name:	Roger James Hamilton	 
	 	 	 
	Title:	CEO	 

 

    

     

    

  

	Witness	/s/ Daniel Acutt	 
	 	 
	Name:	Daniel Acutt	 
	 	 
	Address:	603 Orton House, 81 Plough Lane, London, SW17 0RF	 
	 	 
	SIGNED and
    delivered as a Deed by:	 
	Property Mastermind International PTE Ltd.,	 
	 	 
	By:	/s/ Simon Zutshi	 
	 	 
	Name: Simon Zutshi	 
	 	 
	Title: Director	 
	 	 
	Witness	/s/ Magdalena Klys Korzeniowska	 
	 	 	 
	Name:	Magdalena Klys Korzeniowska	 
	 	 
	Address:	Zadumana 11A, 02-206 Warszawa Poland	 
	  	 
	SIGNED and
    delivered as a Deed by:	 
	Simon Zutshi	 
	 	 
	By:	/s/ Simon Zutshi 	 
	 	 	 
	Name:	Simon Zutshi 	 
	 	 	 
	Title:	Director	 
	 	 
	Witness	/s/ Magdalena Klys Korzeniowska	 
	 	 	 
	Name:	Magdalena Klys Korzeniowska	 
	 	 	 
	Address:	Zadumana 11A, 02-206 Warszawa Poland	 

 

    

     

    

 

SHARE PURCHASE AGREEMENT 

 

This SHARE PURCHASE AGREEMENT
(“Agreement”) is entered into on the 30 April 2022, BETWEEN:

  

Genius Group Ltd (the “Purchaser”),
a public company duly organised and operating under the Laws of Singapore, having its registered seat at 8 Amoy Street, #01-01 Singapore
049950 represented by Roger James Hamilton.

  

AND

  

Simon Zutshi ( the “Seller”),
an individual with a principal place of residence at 55 Christchurch Close, Birmingham B15 3NE.

  

    

     

    

  

Contents

  

	1.	Definitions	1
	 	 	 
	2.	Purchase and Sale of Sale Shares	9
	 	 	 
	3.	Calculation of the Initial Purchase Price	9
	 	 	 
	4.	Adjustment to the Initial Purchase Price	12
	 	 	 
	5.	IPO	12
	 	 	 
	6.	Conditions Precedent	16
	 	 	 
	7.	Pre-closing Actions	16
	 	 	 
	8.	Closing, Delivery and Payment	18
	 	 	 
	9.	Warranties	19
	 	 	 
	10.	Indemnification and Damages	20
	 	 	 
	11.	Limitation of Liability	23
	 	 	 
	12.	Termination	24
	 	 	 
	13.	Interim Rights Over Sale Shares	25
	 	 	 
	14.	Purchaser Post Completion Covenants	26
	 	 	 
	15.	Confidentiality	27
	 	 	 
	16.	Stamp Duty	28
	 	 	 
	17.	Data Protection	29
	 	 	 
	18.	Arbitration	29
	 	 	 
	19.	General Provisions	30
	 	 	 
	Appendix 1 	34
	 	 	 
	Assets and Liabilities	34
	 	 	 
	Appendix 2	37

 

	Management Agreement	
	 
	Appendix 3	
	 
	Initial Purchase Price Adjustment Calculation	

 

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WHEREAS:

 

	(A)	Genius Group Ltd. (hereinafter referred to as the “Purchaser”
                                 or “GG”) is a public limited company duly incorporated and operated under the Laws
                                 of Singapore that is acquiring and integrating other companies to grow globally.

 

	(B)	Simon Zutshi (the “Seller”)
                                            holding the following shares in the following two companies:

 

		(i)	five
                                            (5) ordinary shares, constituting one hundred percent (100%) of the share capital of the
                                            Property Investors Network Ltd, a private company limited by shares (hereinafter referred
                                            to as “PIN”), registered under the number 8166332 at the Register for
                                            the Companies for England and Wales with its registered office at Quadrant Court Calthorpe
                                            Road Edgbaston Birmingham B15 1TH; and

 

		(ii)	two
                                            (2) ordinary shares, constituting one hundred percent (100%) of the share capital of the
                                            Mastermind Principles Limited, a private company limited by shares (hereinafter referred
                                            to as “MPL”), registered under the number 07106363 at the Register for
                                            the Companies for England and Wales with its registered office at Quadrant Court Calthorpe
                                            Road Edgbaston Birmingham B15 1TH.

 

	(C)	The Purchaser desires to acquire the Sale Shares of the Seller. Consequently,
                                  the Purchaser has offered to acquire the Sale Shares from the Seller and the Seller has agreed to sell
                                  and transfer the said Sale Shares (free from all Encumbrances and together with all rights, title and
                                  interest therein on the terms and conditions set forth in this Agreement) to the Purchaser for the
                                  Purchase Price.

 

	(D)	The Seller, the Companies, and the Purchaser (the “Parties”)
                                  have agreed to make certain warranties, covenants and agreements in connection with the transactions
                                  contemplated by this Agreement.

 

NOW THEREFORE, in consideration of the
above recitals, the warranties, covenants and agreements contained in this Agreement and for other good and valuable consideration, the
receipt and adequacy of which are now acknowledged, the Parties agree as follows:

 

	1.	DEFINITIONS

 

	1.1.	Defined Terms:

 

		(a)	The
                                            terms below have the following meanings when used in this Agreement in capitalized form unless
                                            otherwise expressed

 

	 	“£”, “Pound
  Sterling”	means the lawful currency of United Kingdom;
	 	 	 
	 	“2020 Management Accounts”	means the unaudited management accounts of each of the Companies including the balance sheet as at 31 December 2020 and the unaudited
  profit and loss statement for the period from 1 January 2020
  through to 31 December 2020, prepared in accordance with IFRS;

  

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	 	“2022 Management Accounts”	means the unaudited management accounts of each of the Companies including the balance
sheet as at 31 December 2022 and the unaudited profit and loss statement for the period from 1 January 2022 through to 31 December 2022,
prepared in accordance with IFRS;
	 	 	 
	 	“2023 ManagementAccounts”	means the unaudited management accounts of each of the Companies including the balance
sheet as at 31 December 2023 and the unaudited profit and loss statement for the period from 1 January 2023 through to 31 December 2023,
prepared in accordance with IFRS;
	 	 	 
	 	 “2024 ManagementAccounts”	means the unaudited management accounts of each of the Companies including the balance
sheet as at 31 December 2024 and the unaudited profit and loss statement for the period from 1 January 2024 through to 31 December 2024,
prepared in accordance with IFRS;
	 	 	 
	 	“Affiliate”	means with respect to any Person, any Person directly or indirectly controlling,
controlled by or under common control with such Person;
	 	 	 
	 	“Agreed”	means acceptance by both Parties as to the content of a document including the calculations
therein;
	 	 	 
	 	“Agreement” or “the Agreement” or “this 

Agreement”	means this Share Purchase Agreement and shall include the recitals
and/or schedules attached hereto, and the contracts, certificates, disclosures and other documents to be executed and delivered pursuant
hereto, if any and any amendments made to this Agreement by the Parties in writing;
	 	 	 
	 	“Annual Revenue”	means the total amount of money made from sales or services in a given year before
costs or expenses are taken out;
	 	 	 
	 	“Assets”	means all of the property, rights and assets of both Companies;
	 	 	 
	 	“Books and Records”	means all files, documents, instruments, papers, relating to the Business or Condition
of the Company, including financial statements, internal reports, Tax Returns and related work papers and letters from accountants, budgets,
pricing guidelines, ledgers, journals, deeds, title policies, minute books, Contracts, Licenses, customer lists, computer files and programs
(including data processing files and records), retrieval programs and operating data;

 

 

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	 	“Business Day”	means any day other than a Saturday, a Sunday, a public holiday or a day on which
    banking institutions in Singapore are authorised or obligated by Law to be closed;
	 	 	 
	 	“Claims”	means any demand, claim, action, cause of action, notice, suit, litigation, prosecution,
    mediation, arbitration, enquiry, assessment or proceeding made or brought by or against a Party, however arising and whether present,
    unascertained, immediate, future or contingent, losses, Liabilities, Damages, costs and expenses, including reasonable legal fees
    and disbursements in relation thereto;
	 	 	 
	 	“Closing Date”	means the date on which (i) the IPO occurs (unless agreed otherwise between the
    Parties); and (ii) Closing takes place in accordance with the terms of this Agreement;
	 	 	 
	 	“Closing”	means the sale and purchase of the Sale Shares in accordance with the terms of
    this Agreement;
	 	 	 
	 	“Companies”	means PIN and MPL;
	 	 	 
	 	“Conditions Precedent”	means the conditions precedent to Purchaser’s purchase of the Sale Shares
    as set out in this Agreement;
	 	 	 
	 	“Customer Confidential

 Information”	means any information disclosed (whether disclosed in writing, orally or otherwise)
    by the Customer to the Company that is marked as “confidential”, described as “confidential” or should have
    been understood by the Company at the time of disclosure to be confidential;
	 	 	 
	 	“Customer Data”	means the data, text, drawings, diagrams, images or sounds (together with any
    database made up of any of these) which are embodied in any electronic, magnetic, optical or tangible media, including any Customer’s
    Confidential Information, as defined in Article 4 of Regulation (EU) 2016/679 of the European Parliament and of the Council of 27
    April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data,
    and repealing Directive 95/46/EC (General Data Protection Regulation) or any other applicable data protection legislation;

 

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	 	“Damages”	means: (a) any and all monetary (or where the context so requires, monetary equivalent
    of) damages, fines, fees, penalties, Losses, and out-of-pocket expenses (including without limitation any liability imposed under
    any award, writ, order, judgment, decree or direction passed or made by any Person); (b) subject to applicable Law, any punitive,
    or other exemplary or extra contractual damages payable or paid in respect of any contract; and (c) amounts paid in settlement, interest,
    court costs, costs of investigation, reasonable fees and expenses of legal counsel, accountants, and other experts, and other expenses
    of litigation or of any Claim, default, or assessment;
	 	 	 
	 	“Director”	shall mean and include the Director Simon Zutshi;
	 	 	 
	 	“Director’s Loan”	means the interest free loan from MPL to the Seller, for such amount as is outstanding
    as at the Closing Date, which, for the avoidance of doubt, shall be not less than £1,500,000 and which includes those loans
    more specifically set out in Appendix 1;
	 	 	 
	 	“EBITDA”	means the net earnings before interest, taxation, depreciation and amortization
    shown as “Net Profit” in the management accounts of the Companies including for the avoidance of doubt, the 2020 Management
    Accounts;
	 	 	 
	 	“Encumbrance”	with respect to any property or Asset or securities, shall mean: (a) any mortgage,
    charge (whether fixed or floating), pledge, Lien, hypothecation, assignment, deed of trust, security interest, equitable interest,
    title retention agreement, voting trust agreement, commitment, restriction or limitation or other encumbrance of any kind securing,
    or conferring any priority of payment in respect of, any obligation of any Person, including without limitation any right granted
    by a transaction which, in legal terms, is not the granting of security but which has an economic or financial effect similar to
    the granting of security under applicable Law; (b) any voting agreement, interest, option, pre-emptive rights, right of first offer,
    refusal or transfer restriction in favour of any Person; and (c) any adverse claim as to title, possession or use; “Encumber”
    and “Encumbered” shall be construed accordingly;

 

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	 	“Exchange Rate”	means the Pound Sterling to United States Dollar ($) foreign exchange spot rate
    as quoted by the Bank of England;
	 	 	 
	 	“Execution Date”	means the date of this Agreement;
	 	 	 
	 	“Final Purchase Price”	means:
	 	 	 
	 	 	(a) the Agreed PP;
	 	 	 
	 	 	(b) plus the 2022 Top Up;
	 	 	 
	 	 	(c) plus the 2023 Top Up; and
	 	 	 
	 	 	(d) plus the 2024 Top Up,
	 	 	 
	 	“IFRS”	means International Financial Reporting Standards as in effect from time to time, consistently applied.
	 	 	 
	 	“GG Shares”	means most senior class of shares in issue of the Public Limited Company Genius
    Group with registered seat in Singapore;
	 	 	 
	 	“Indemnified Party”	has the meaning set out in Section 10.1;
	 	 	 
	 	“Indemnifying Party”	has the meaning set out in Section 10.1;
	 	 	 
	 	“Intellectual Property”	means collectively or individually, the following worldwide rights relating to
    intangible property, whether or not filed, perfected, registered or recorded and whether now or hereafter existing, filed, issued
    or acquired: (a) patents, patent applications, patent disclosures, patent rights; (b) rights associated with works of authorship,
    including without limitation, copyrights, copyright applications, copyright registrations; (c) rights in trademarks, trademark registrations,
    and applications thereof, trade names, service marks, service names, logos, or trade dress; (d) rights relating to the protection
    of trade secrets and confidential information; (e) internet domain names, Internet and World Wide Web (WWW) URLs or addresses; and
    (f) all other intellectual, information or proprietary rights anywhere in the world including rights of privacy and publicity, rights
    to publish information and content in any media;

  

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	 	“IPO”	means the admission of all or any of the GG Shares or securities representing
    those shares (including without limitation depositary interests, American depositary receipts, American depositary shares and/or
    other instruments) to be traded or quoted on the NYSE American;
	 	 	 
	 	“Law” or “Laws”	shall mean any statute, law, regulation, ordinance, rule, Court Order, notification,
    order, decree, bye-law, permits, licenses, approvals, consents, authorisations, government approvals, directives, guidelines, requirements
    or other governmental restrictions, or any similar form of decision of, or determination by, or any interpretation, policy or administration,
    having the force of law of any of the foregoing, in the jurisdiction of Singapore, unless otherwise states, over the matter in question,
    whether in effect as of the date of this Agreement or thereafter;
	 	 	 
	 	“Liabilities”	means with respect to any person any direct or indirect liability, indebtedness,
    obligation, expense, deficiency, guaranty or endorsement of or by such person of any type, known or unknown, and whether accrued,
    absolute, contingent, unmatured, matured, otherwise due or to become due;
	 	 	 
	 	“Losses”	means any and all losses, Liabilities, Claims, damages, write downs, reductions
    in value (including reduction in the value of the Sale Shares), costs (including costs of any assessment, investigation, defence,
    settlement or proceedings in respect of tax or any other legal proceedings), expenses (including reasonable legal costs and attorneys’
    fees) or other obligations;

 

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	 	“Material Adverse Effect”	means a material adverse effect on: (a) the business, operations, affairs, financial
    condition, assets or properties of the Companies (not being an event affecting or likely to affect generally all companies carrying
    on similar businesses in countries in which they carry on business); or (b) the ability of the Companies to perform its obligations
    under this Agreement; or (c) the validity or enforceability of this Agreement;
	 	 	 
	 	“Prevailing Market Price”	average of the daily closing prices of the GG Shares for 30 consecutive trading
    days immediately preceding the day in question after appropriate adjustment for dividends, subdivisions, combinations or reclassifications
    occurring within said 30-day period;
	 	 	 
	 	“Relevant Price”	means the 2022 Price, 2023 Price and 2024 Price, as the context may require;
	 	 	 
	 	“Reporting Accountants”	means a firm of Chartered Accountants to be agreed by the Seller and the Purchaser
    within seven days of a notice by one to the other requiring such agreement or failing such agreement to be nominated on the application
    of either of them by or on behalf of the President for the time being of the Institute of Chartered Accountants in England and Wales;
	 	 	 
	 	“Sale Shares”	means the Shares in PIN in the amount of five (5) shares constituting one hundred
    percent (100%) of the share capital in PIN and the shares in MPL in the amount of two (2) shares constituting one hundred percent
    (100%) of the share capital in MPL;
	 	 	 
	 	“Share Purchase”	has the meaning set out in Section 2.1;
	 	 	 
	 	“Shareholder”	means the Shareholders of the Seller;
	 	 	 
	 	“Substantiated Claim”	a Claim in respect of which liability is admitted by the defaulting party, or
    which has been adjudicated on by a court of competent jurisdiction and no right of appeal lies in respect of such adjudication, or
    the parties are prevented by passage of time or otherwise from making an appeal;
	 	 	 
	 	“Topups”	means the 2022 Topup, the 2023 Topup and the 2024 Topup;
	 	 	 
	 	“Transaction Documents”	means this Agreement together with the Appendices hereto, the Managers Contract
    Agreement, and the documents listed in Section 8.2(a) to(e);

 

 

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	 	“Transfer” (including

 with correlative meaning, the terms “Transferred 

by” and “Transferability”)	shall mean to transfer, sell, assign, pledge, hypothecate, create a security
    interest in or lien on, place in trust (voting or otherwise), exchange, gift or transfer by operation of Law or in any other way
    subject to any Encumbrance or dispose of, whether or not voluntarily; and
	 	 	 
	 	“Valuation Date”	means the date on which the Initial Purchase Price is Agreed or deemed Agreed
    between the Parties in accordance with Section 3.

  

	1.2.	Interpretation

 

		(a)	In
                                            this Agreement:

 

		(i)	Words
                                            denoting any gender shall be deemed to include all other genders;

 

		(ii)	Words
                                            importing the singular shall include the plural and vice versa, where the context so requires;

 

		(iii)	The
                                            terms “hereof”, “herein”, “hereby”, “hereto”
                                            and other derivatives or similar words, refer to this entire Agreement or specified Sections
                                            of this Agreement, as the case may be;

 

		(iv)	Reference
                                            to the term “Section” shall be a reference to the specified Section or Schedule
                                            of this Agreement;

 

		(v)	Any
                                            reference to “writing” includes printing, typing, lithography and other means
                                            of reproducing words in a permanent visible form.

 

		(vi)	The
                                            term “directly or indirectly” means directly or indirectly through one or more
                                            intermediary persons or through contractual or other legal arrangements, and “direct
                                            or indirect” shall have correlative meanings;

 

		(vii)	All
                                            headings and sub-headings of Sections, and use of bold typeface are for convenience only
                                            and shall not affect the construction or interpretation of any provision of this Agreement;

 

		(viii)	Reference
                                            to any legislation or Law or to any provision thereof shall include references to any such
                                            Law as it may, after the Execution Date, from time to time, be amended, supplemented or re-enacted,
                                            and any reference to statutory provision shall include any subordinate legislation made from
                                            time to time under that provision;

 

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		(ix)	Reference
                                            to the word “include” or “including” shall be construed without limitation;

 

		(x)	Terms
                                            defined in this agreement shall include their correlative terms;

 

		(xi)	Time
                                            is of the essence in the performance of the Parties’ respective obligations. If any
                                            time period specified herein is extended, such extended time shall also be of essence;

 

		(xii)	References
                                            to the knowledge, information, belief or awareness of any Person shall be deemed to include
                                            the knowledge, information, belief or awareness of such Person after examining all information
                                            which would be expected or required from a Person of ordinary prudence;

 

		(xiii)	All
                                            references to this Agreement or any other Transaction Document shall be deemed to include
                                            any amendments or modifications to this Agreement or the relevant Transaction Document, as
                                            the case may be, from time to time;

 

		(xiv)	Reference
                                            to days, months and years are to calendar days, calendar months and calendar years, respectively,
                                            unless defined otherwise or inconsistent with the context or meaning thereof; and

 

		(xv)	Any
                                            word or phrase defined in the recitals or in the body of this Agreement as opposed to being
                                            defined in Section 1.1 shall have the meaning so assigned to it, unless the contrary is expressly
                                            stated or the contrary clearly appears from the context.

 

	2.	PURCHASE AND SALE OF SALE
                                            SHARES 

 

	2.1.	The Seller agrees to sell
                                            and the purchaser agrees to purchase the Sale Shares for the Final Purchase Price. The Sale
                                            Shares shall be sold free from all Encumbrances and together with all rights and privileges
                                            attached to them (including all dividends and distributions declared, made or paid on or
                                            after the Execution Date) at the Execution Date or subsequently becoming attached to them.

 

	2.2.	For the avoidance of doubt,
                                            Parties acknowledge, that the transaction contemplated herein includes all rights, title,
                                            interest and benefits appertaining thereto, Books and Records, and the Assets and Liabilities
                                            as detailed in Appendix 1. The purchase also includes all contracts, intellectual property,
                                            goodwill, Customer Data and ongoing operations of the Companies, subject to compliance with
                                            the relevant data protection laws.

 

	3.	CALCULATION
                                            OF THE PURCHASE PRICE

 

	3.1.	The Purchase Price shall
                                            be 90% payment in Shares of GG and 10% payment in cash based on great of following

  

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		(a)	2x the
                                            Annual Revenue in 2020

 

		(b)	10x
                                            aggregate EBITDA of the companies

 

	3.2.	The process
                                            to calculate and pay the first instalment of the Purchase Price will be for the Parties to
                                            review and agree on the 2020 Annual Revenue once final Management Accounts are presented
                                            and approved, and for this to take place no later than 15th February 2021. The share portion
                                            of the Purchase Price will be paid through the issuing of GG shares on the Closing Date to
                                            the Seller at the pre-IPO share price of $34.87, and the cash portion will be paid within
                                            7 days of the Date of IPO of GG.

 

	3.3.	Both Parties agree that
                                            other than the Companies’ 2020 financial years, which shall begin on 31st March 2020
                                            and end on 31st December 2019, the financial years for the Companies shall begin on 1st January
                                            and end on the 31st December each year. Within fifteen (15) Business Days of the Closing
                                            Date, the Purchaser shall procure that the accounting reference date for each of the Companies
                                            is changed from the 31st March to the 31st December.

 

	3.4.	No later than 15th February
                                            2021, the Seller shall provide to the Purchaser a copy of the 2020 Management Accounts and
                                            an estimate of the Purchase Price. (“Purchase Price Statement”).

 

	3.5.	The Purchaser shall, within
                                            ten (10) Business Days of receipt of the Initial Purchase Price Statement, notify the Seller
                                            in writing whether:

 

		(a)	the
                                            Purchaser accepts the Purchase Price Statement; or

 

		(b)	the
                                            Purchaser rejects the Purchase Price Statement, in which case, the notice shall detail the
                                            basis upon which the Purchaser rejects the Purchase Price Statement.

 

	3.6.	Where the
                                            Purchaser notifies the Seller in accordance with Section 3.4 that it does not accept the
                                            Purchase Price Statement, the Parties shall attempt in good faith, to reach agreement in
                                            respect of the Purchase Price Statement. If the Parties are unable to agree the Purchase
                                            Price within fifteen (15) Business Days following receipt by the Seller of the Purchaser’s
                                            rejection notice in accordance with Section 3.4., the dispute shall be referred to the Reporting
                                            Accountants in accordance with Paragraph 2 of Appendix 2.

 

	3.7.	If:

 

		(a)	the
                                            Purchaser accepts the Purchase Price Statement (either as originally submitted by the Seller
                                            or after adjustments agreed between the Seller and the Purchaser pursuant to Section 3.5);
                                            or

 

		(b)	the
                                            Purchaser fails to notify the Seller of its non-acceptance of the Purchase Price Statement
                                            within the timeframe set out in Section 3.4, then the estimate of the Purchase Price in the
                                            Purchase Price Statement shall be treated as Agreed, be final and binding on the Parties
                                            and be payable by the Purchaser in accordance with the terms of this Agreement.

 

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	3.8.	The Purchaser shall:

 

		(a)	on the Closing Date, pay ninety percent (90%) of the Purchase Price as Agreed in accordance with Section
3.6 (the “Agreed PP”) by issuing to the Seller GG Shares with an aggregate value of ninety percent (90%) of the estimated
Purchase Price (the “Consideration Shares”). The Consideration Shares shall be issued to the Seller fully paid at a
deemed price per share of thirty four US Dollars and eighty seven cents ($34.87) ("Deemed Issue Price”) and rank pari
passu with other GG Shares in issue.

 

		(b)	within seven (7) days of the IPO, pay the outstanding ten percent 10%) of the Agreed PP in cash by electronic
funds transfer by the Purchaser to the account of the Seller (details of which shall be provided by the Seller prior to the Closing Date).

 

	3.9.	If, while the Seller is entitled to the issue of Consideration Shares, there is:

 

		(a)	a subdivision, consolidation or reclassification of GG Shares; and

 

		(b)	a consolidation, amalgamation or merger of the Purchaser with or into another entity (other than a consolidation,
amalgamation or merger following which the Purchaser is the surviving entity and which does not result in any reclassification of, or
change in, the GG Shares),
	 	 	 
	 	 	then the Purchaser shall adjust the
Deemed Issue Price, conditional on any such event occurring, but with effect from the date of the relevant event (an “Adjustment”)
so that, after such Adjustment:

 

		(c)	the total number of Consideration Shares issued or to be issued to the Seller carry as nearly as possible
(and in any event not less than) the same proportion of the voting rights attached to the fully diluted share capital and the same entitlement
to participate in the profits and assets of the Purchaser (including on liquidation) as if there had been no such event giving rise to
the Adjustment; and

 

		(d)	the aggregate price payable for all Consideration Shares issued or to be issued at the Deemed Price shall
equal the same aggregate price as would be deemed payable for such Consideration Shares immediately before the occurrence of the event
giving rise to the Adjustment.

 

	3.10.	Any payments to be made under the terms of this Agreement shall be made in Pound Sterling.

 

	3.11.	GG shall, within ten (10) Business Days of the Closing Date, pay to MPL, on behalf of the Seller, £1,500,000 of the amount
then outstanding in respect of the Director’s Loan and hereby waives from the Closing Date, on behalf of GG and MPL, any obligation
on the part of the Seller to repay £1,500,000 of the Director’s Loan. The Seller undertakes to repay, within three years of
the Closing Date, any and all amounts of the Director’s Loan then outstanding that exceeds £1,500,000.

 

    11

     

    

 

	3.12.	All sums payable by the Purchaser under this Agreement shall be paid free and clear of all deductions
or withholdings unless the deduction or withholding is required by law, in which event the Purchaser shall pay such additional amount
as shall be required to ensure that the net amount received by the Seller under this Agreement will equal the full amount which would
have been received by it had no such deduction or withholding been required to be made.

 

	4.	IPO

 

	4.1.	The Purchaser shall use best endeavours to ensure that the IPO occurs no later than 31 May 2022. The Seller
shall not be obliged to give warranties or indemnities (except a warranty as to title to the Consideration Shares held by the Seller and
capacity of the Seller to enter into such a transaction) in connection with the IPO.

 

	4.2.	The Seller shall, at the Purchaser’s expense, abide by any rules or restrictions imposed by NYSE
American on the Seller as part of the IPO process.

 

	5.	TOPUPS AND ADJUSTMENT CALCULATION

 

	5.1.	Purchase Price Top Up Calculation 

 

		a.	If the Agreed Purchase Price would have been higher if it had been calculated by reference to the Agreed
2022 Management Accounts (“2022 Price”), an amount equal to the difference between the Agreed Purchase Price and the
Agreed 2021 Price (“2022 Top Up”) shall be payable by GG to the Seller. The 2022 Management Accounts and 2022 Price
shall be agreed in accordance with Section 3 of this Agreement.

 

		b.	If the Agreed 2022 Purchase Price would have been higher if it had been calculated by reference to the
Agreed 2023 Management Accounts (“2023 Price”), an amount equal to the difference between the Agreed 2022 Price and
the Agreed 2023 Price (“2023 Top Up”) shall be payable by GG to Simon Zutshi. The 2023 Management Accounts and 2023
Price shall be agreed in accordance with Section 3 of this Agreement.

 

		c.	If the Agreed 2023 Price would have been higher if it had been calculated by reference to the agreed 2024
Management Accounts (“2024 Price”), an amount equal to the difference between the agreed 2023 price and the Agreed
2024 Price (“2024 Top Up”) shall be payable by GG to Simon Zutshi. The 2024 Management Accounts and 2024 Price shall
be agreed in accordance with Section 3 of this Agreement.

 

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		d.	The Parties shall use the same revenue multiple (as set out in Section 3.1) to calculate the 2022 Price.
The 2023 price and the 2024 Price as used to calculate the Agreed Purchase Price.

 

		e.	In respect to each of the Top Ups:

 

		i.	90% of such payment shall be satisfied by GG issuing additional GG Shares free from all Encumbrances,
credited as fully paid and with a deemed price per share of the Prevailing Market Price; and

 

		ii.	10% of such payment shall be paid in cash by GG within thirty (30) days of relevant Top Up being Agreed.

 

		f.	GG undertakes that each of the 2022 Management Accounts, the 2023 Management Accounts and the 2024 Management
Accounts shall be prepared in accordance with IFRS and applicable Law.

 

		g.	Any payments to be made under the terms of this Agreement shall be made in Pound Sterling.

 

		h.	All sums payable by GG under this Agreement shall be paid free and clear of all deductions or withholdings
unless the deduction or withholding is required by law, in which event GG shall pay such additional amount as shall be required to ensure
that the net amount received by the Seller under this Agreement will equal the full amount which would have been received by it had no
such deduction or withholding been required to be made.

 

		i.	All GG Shares issued to the Seller pursuant to this Agreement shall be issued within five (5) Business
Days based on the Prevailing Market Price and Exchange Rate on such date of issue.

 

		j.	If, while the Seller is entitled to the issue of GG Shares, there is:

 

		i.	a subdivision, consolidation or reclassification of GG Shares; and

 

		ii.	a consolidation, amalgamation or merger of GG with or into another entity (other than a consolidation,
amalgamation or merger following which GG is the surviving entity and which does not result in any reclassification of, or change in,
the GG Shares),
	 	 	 
	 	 	then GG shall adjust the Deemed Issue
Price, conditional on any such event occurring, but with effect from the date of the relevant event (an “Adjustment”)
so that, after such Adjustment:

 

		iii.	the total number of GG Shares issued or to be issued to the Seller carry as nearly as possible (and
                                                                in any event not less than) the same proportion of the voting rights attached to the fully diluted share capital and the same entitlement to participate in the profits
and assets of GG (including on liquidation) as if there had been no such event giving rise to the Adjustment; and

 

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		iv.	the aggregate price payable for all GG Shares issued or to be issued at the Deemed Price shall equal the
same aggregate price as would be deemed payable for such GG Shares immediately before the occurrence of the event giving rise to the Adjustment.

 

		k.	All payments or cash-amounts due from GG to Simon Zutshi pursuant to this Agreement shall be paid in GBP
within five (5) Business Days of being Agreed.

 

		l.	If there is a conflict between this Agreement and the Share Purchase Agreement, to the extent that it
relates to GG‘ obligation to pay the Top Up‘s, this Agreement shall prevail.

 

	5.2.	Purchase
Price Adjustment Calculation

 

		a.	No
later than:

 

		i.	15th February 2023, GG shall deliver to the Seller a copy of the 2022 Management Accounts and a statement
setting out the 2022 Price and 2022 Top Up (“2022 Statement”);

 

		ii.	15th February 2024, GG shall deliver to the Seller a copy of the 2023 Management Accounts and a statement
setting out the 2023 Price and the 2023 Top Up (“2023 Statement”); and

 

		iii.	15th February 2025, GG shall deliver to the Seller a copy of the 2024 Management Accounts and a statement
setting out the 2024 Price and the 2024 Top Up (“2024 Statement”), 2022 Statement, 2023 Statement and 2024 Statement
together being the “Relevant Top Up Statements” and each being a “Relevant Top Up Statement”.

 

		b.	Simon Zutshi shall, within ten (10) Business Days of receipt of the Relevant Top Up Statement, notify
GG in writing whether:

 

		i.	Seller accepts the Relevant Top Up Statement; or

 

		ii.	Seller rejects the Relevant Top Up Statement, in which case, the notice shall detail the basis upon which
PMI rejects the Relevant Top Up Statement.

 

		c.	Where Seller notifies GG in accordance with Paragraph 2.2 that it does not accept the Relevant Top Up
Statement, the Parties shall attempt in good faith, to reach agreement in respect of the Relevant Top Up Statement. If the Parties are
unable to agree the relevant Top Up within fifteen (15) Business Days following receipt by GG of Seller’s rejection notice
in accordance with Paragraph 2.2., the dispute shall be referred to the Reporting Accountants in accordance with Appendix 2 of the Share
Purchase Agreement.

 

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		d.	If:

 

		i.	Seller accepts the Relevant Top Up Statement (either as originally submitted by the Seller or after adjustments agreed between Seller
and GG pursuant to Paragraph 3); or

 

		ii.	Seller fails to notify GG of its non-acceptance of the Relevant Top Up Statement within the timeframe
set out in Paragraph 3, then the estimate of the Relevant Price and the relevant Top Up in the Relevant Top Up Statement (incorporating
any Agreed adjustments) shall be treated as Agreed, be final and binding on the Parties and the relevant Top Up shall be payable by GG
in accordance with Paragraph 1 of this Schedule.

 

	5.3.	Call Option 

 

		a.	Simon Zutshi undertakes not to transfer any GG Shares held by it prior to the first anniversary of the
Closing Date without the prior written consent of GG (such consent not to be unreasonably withheld, delayed or conditioned).

 

		b.	GG grants to the Seller an option (the "Call Option") to purchase or procure the purchase
of the entire share capital in each of PIN and MPL (the “Called Shares”). The consideration payable to GG for the Called
Shares shall be the following (the “Call Consideration”):

 

		i.	the transfer to GG or its nominee of all GG Shares held by Simon Zutshi; and

 

		ii.	£3 million, less any cash taken out of PIN or MPL by GG during the period commencing on the Closing
Date and ending on the Call Completion Date (as defined below) (“Cash Element”).

 

		c.	Simon Zutshi may exercise the Call Option at any time following the first anniversary of the Closing Date
if at any time after such date the GG Shares held by Simon Zutshi do not have an aggregate value of at least £10.2 million pounds.
Simon Zutshi may exercise the Call Option by giving an irrevocable written notice to GG (the "Call Notice") specifying:

 

		i.	the date on which the Call Notice is given;

 

		ii.	that Simon Zutshi is exercising the Call Option in accordance with this paragraph 3; and

 

		iii.	a date, which is no less than 30 and no more than 120 Business Days after the date of the Call Notice, on which completion of the Call
Option should take place ("Call Completion").

 

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		d.	Call Completion shall take place on the date specified in the applicable Call Notice (the "Call Completion
Date"), and at Call Completion:

 

		i.	Simon Zutshi shall deliver to GG (i) a stock transfer form for all of the GG Shares held by Simon Zutshi
duly executed and completed in favour of GG or its nominee; and (ii) share certificates in respect of such GG Shares; and

 

		ii.	GG shall deliver to Simon Zutshi (i) stock transfer forms for all of the Called Shares duly executed and
completed in favour of Simon Zutshi; and (ii) share certificates in respect of the Called Shares.

 

		e.	Simon Zutshi is not required to pay the Cash Element at Call Completion. The Cash Element may be paid by
Simon Zutshi to GG (to the bank account nominated by GG in writing) in such proportion as Simon Zutshi in its sole discretion determines
provided that aggregate Cash Element is paid to GG no later than the date which is the third anniversary of the Call Completion Date.

 

		f.	Any shares transferred pursuant to this Paragraph 3 shall be sold with full title guarantee free from
all liens, charges and encumbrances and with all rights attached to them at the Call Completion Date.

 

		g.	GG agrees that if at any time it does not comply with its obligation under this Paragraph 3 to transfer
the Called Shares, the Seller shall be entitled to appoint any of its directors (and GG shall be deemed hereby irrevocably to appoint
any such director as its attorney) to execute and deliver on behalf of GG the necessary instruments of transfer and to do any other acts
and/or execute any other deeds or documents on GG's behalf that are required to be done by GG in connection with the transfer of the Called
Shares.

 

	6.	IPO

 

	6.1.	The Purchaser shall use best endeavours to ensure that the IPO occurs no later than 31 May 2022. The Seller
shall not be obliged to give warranties or indemnities (except a warranty as to title to the Consideration Shares held by the Seller and
capacity of the Seller to enter into such a transaction) in connection with the IPO.

 

	6.2.	The Seller shall, at the Purchaser’s expense, abide by any rules or restrictions imposed by NYSE
American on the Seller as part of the IPO process.

 

	7.	CONDITIONS PRECEDENT

 

	7.1.	Seller’s Conditions Precedent to Closing. The obligations of the Purchaser to purchase and
pay for the Sale Shares on Closing Date are subject to the satisfaction, or waiver in writing by the Purchaser at or prior to the Closing, of the following
conditions:

 

    16

     

    

 

		(a)	Compliance
                                            with obligations. The Companies and the Seller shall have performed and complied in all
                                            respects with all agreements, obligations and conditions contained in the Agreement that
                                            are required to be performed or complied with on or before Closing and shall have obtained
                                            all approvals, consents and qualifications necessary to complete the sale and purchase of
                                            the Sale Shares;

 

		(b)	No Proceedings. No administrative, investigatory, judicial, quasi judicial or arbitration proceedings
shall have been brought by any Person seeking to enjoin, or seek Damages from any party in connection with the sale and purchase of the
Sale Shares, and no order, injunction, or other action shall have been issued, pending or threatened, which involves a challenge or seeks
to or which prohibits, prevents, restrains, restricts, delays, makes illegal or otherwise interferes with the consummation of any of the
transactions contemplated under the Agreement and the Transaction Documents;

 

		(c)	Capital
                                            Structure and Shareholding. No change in the capital structure of the Seller or rights
                                            attached to the Shares shall have taken place prior to the Closing Date, unless such changes
                                            have been disclosed to and agreed with the Purchaser;

 

		(d)	Accuracy of Warranties. A certificate, dated as of Closing Date, executed by the Seller, certifying
that the warranties set out in Section 8 are true and correct.

 

	7.2.	Purchaser’s Conditions Precedent to Closing. The obligations of the Purchaser to buy the
Sale Shares on the Closing Date are subject to the satisfaction, or waiver at or prior to the Closing, of the following conditions:

 

		(a)	Compliance
                                            with obligations. The Purchaser shall have performed and complied in all respects with
                                            all agreements, obligations and conditions contained in the Agreement that are required to
                                            be performed or complied with on or before Closing;

 

		(b)	Consents and Waivers. The Purchaser will have obtained all necessary consents, waivers and no-objections
in writing from any Person as may be required under any applicable Law or contract or otherwise for the execution, delivery and performance
of the Transaction Documents, including without limitation, Consents, waivers and no-objections in respect of the issue of the Consideration
Shares, free from all Encumbrances;

 

		(c)	IPO. The Purchaser will have taken all such steps as are reasonably necessary to ensure that the
IPO occurs no later than 30 April 2022.

 

	7.3.	Co-operation. The
                                            Parties shall co-operate with each other in good faith and provide all requisite assistance
                                            for the satisfaction of any of the Conditions Precedent upon being reasonably requested to
                                            do so by the other Party. If any Party becomes aware of anything which will or may prevent
                                            any of the Conditions Precedent the relevant Party shall notify the other Party in writing
                                            as soon as practicable.

 

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	7.4.	On the Execution Date:

 

		(a)	the Seller shall deliver to the Purchaser:

 

		(i)	a copy of this Agreement duly signed by the Seller; and

 

		(ii)	a copy of the resolutions of the board of directors of the Seller approving the entry into the Transaction
Documents to which it is a party.

 

		(b)	the Purchaser shall deliver to the Seller:

 

		(i)	a copy of this Agreement duly signed by the Purchaser; and

 

		(ii)	a copy of the resolutions of the board of directors of the Purchaser approving the entry into the Transaction
Documents to which it is a party.

 

	8.	PRE-CLOSING ACTIONS

 

	8.1.	Between the Execution Date and the Closing Date, except as expressly permitted or required by this Agreement
or with the prior written consent of the Purchaser, the Companies and the Seller shall:

 

		(a)	not directly or indirectly initiate or engage in discussions or negotiations with any other Person for
the purpose of any transactions in respect of any Shares or Assets of the Companies, including creation of any interest, direct, indirect,
current, future or contingent, in the Shares or Assets of the Companies;

 

		(b)	not carry out any action or omission which may affect the proposed transaction under this Agreement or
which may reduce or dilute the effective shareholding of the Purchaser upon Closing or which may change the shareholding of the Seller;

 

		(c)	not pass any resolution, which is inconsistent with any provision of, or transactions contemplated under,
the Transaction Documents;

 

		(d)	conducts its operations other than in the ordinary course of business;

 

		(e)	comply with all applicable Laws;

 

		(f)	not make any amendments to the Memorandum or Articles of Association except as contemplated in this Agreement;
and

 

		(g)	not agree or otherwise commit to take any of the actions described in the foregoing sub sections (a) through
(f).

 

	8.2.	Reporting requirements. During the period between the Execution Date and the Closing Date:

 

		(a)	the Companies and the Seller shall promptly advise the Purchaser in writing of any event, occurrence, fact, condition,
change, development or effect that, individually or in the aggregate, has had or may reasonably be expected to have a Material Adverse
Effect; and

 

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		(b)	the Purchaser shall promptly advise the Seller in writing of any event, occurrence, fact, condition, change,
development or effect that individually or in the aggregate which may reasonably be expected to result in the delay or cancellation of
the IPO

 

	8.3.	Access to Board Meetings, Documents, Etc. The Seller and the Companies shall allow the Purchaser
and its representatives to have reasonable access until the Closing Date to the Companies’ books and records, and other relevant
documents necessary for the transactions contemplated herein.

 

	8.4.	No Actions to Cause Warranties to be Untrue. From the period of the Execution Date to the Closing
Date, except as otherwise expressly contemplated in the Transaction Documents or agreed in writing by the Purchaser, the Seller shall
not take, or agree or otherwise commit to take, any of the foregoing actions or any other action that if taken would reasonably be expected
to cause any of the warranties set out in Section 9 to be untrue.

 

	9.	CLOSING, DELIVERY AND PAYMENT

 

	9.1.	Closing. Subject to the satisfaction or waiver of the Conditions Precedent to Closing, their continued
satisfaction or waiver immediately prior to Closing, Closing shall take place virtually and, unless agreed otherwise between the Parties,
will occur immediately prior to the IPO.

 

	9.2.	At Closing, the Seller shall deliver to the Purchaser the following documents:

 

		(a)	a stock transfer form in relation to the Sale Shares duly executed by the Seller in favour of the Purchaser
(or as it may direct);

 

		(b)	the share certificates for the Sale Shares in the name of the Seller or an indemnity in the agreed form
if the certificate is lost;

 

		(c)	the statutory and minute books (written up to the Closing Date) and common seal (if any), certificate
of incorporation, any certificate or certificates of incorporation on change of name, copies of its memorandum and articles of association,
and the authentication code issued by the Registrar of Companies for the Companies;

 

		(d)	a counterpart of the Management Agreement, duly signed by Simon Zutshi;

 

		(e)	all books of account, financial and accounting records (including Tax records and computations), correspondence,
documents, files, memoranda and other papers relating to the Company (in whatever form);

 

		(f)	any other document that may be reasonably required by the Purchaser pursuant to Closing under.

 

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	9.3.	On the Closing Date, the Seller shall procure that the director of each of the Companies provides a duly
signed written resolution of the board of directors of the company which authorises and approves (i) the transfer of the relevant Sale
Shares to the Purchaser (subject to stamping) for registration in the company’s statutory register; and (ii) the appointment of
a director of the Company, as reasonably instructed by the Purchaser, with effect as of the Closing Date; and (iii) the execution by the
company of all other documents contemplated by this Agreement to which the Company is a party.

 

	9.4.	At Closing the Purchaser shall:

 

		(a)	issue the Consideration Shares; and

 

		(b)	deliver a counterpart of the Management Agreement, duly signed by the Purchaser.

 

	9.5.	The obligations of each of the Parties in this Section are interdependent on each other. Closing shall
not occur unless all of the obligations specified in this Section are complied with and are fully effective.

 

	9.6.	Notwithstanding anything to the contrary, all transactions contemplated by this Agreement to be consummated
at the Closing shall be deemed to occur simultaneously and no such transaction shall be deemed to be consummated unless all such transactions
are consummated.

 

	9.7.	All payments or cash-amounts due from the Purchaser to the Seller pursuant to this Agreement, including,
without limitation, in respect of the Agreed IPP and any Topups, shall be paid in GBP within five (5) Business Days of being Agreed.

 

	9.8.	All GG Shares issued to the Seller pursuant to this Agreement, including, without limitation, in respect
of the Agreed IPP and any Topups, shall be issued within five (5) Business Days based on the Prevailing Market Price and Exchange Rate
on such date of issue.

 

	10.	WARRANTIES

 

	10.1.	Warranties of the Seller. The Seller warrants to the Purchaser that each of the statements set
out in Sections 9.2 to 9.7 (Warranties of the Seller) is true and accurate as of the Execution Date (which warranties shall be deemed
to be repeated as of the Closing Date by reference to the facts and circumstances then existing as if references in such warranties to
the Execution Date were references to the Closing Date).

 

	10.2.	Authorization by Seller. This Agreement has been duly authorized, executed and delivered by the
Seller and creates legal, valid and binding obligations of the Seller, enforceable in accordance with its terms. No consent, approval
or authorization of any Person or entity is required in connection with the Seller execution or delivery of this Agreement or the consummation
by the Seller of the transactions contemplated by this Agreement, except for the approval of the Board to the transfer of the Sale
Shares from the Seller to the Purchaser.

 

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	10.3.	Organization. Each of PIN and MPL is a private limited company duly organized and validly existing
under the laws of England and Wales, has full corporate power and authority to carry on its business as it is currently being conducted
and to own, operate and holds its assets as, and in the places where, such Assets are currently owned, operated and held.

 

	10.4.	Share Ownership Etc. 

 

		(a)	Seller is the owner of the Sale Shares. The Seller has the sole voting power, sole power of disposition
and the sole power to agree to all of the matters set forth in this Agreement, in each case with respect to all of the Sale Shares proposed
to be transferred by the Seller hereunder, with no limitations, qualifications or restrictions on such rights.

 

		(b)	All of the Sale Shares held by the Seller are fully paid and beneficially owned by the Seller free and
clear from all Encumbrances, and the Seller has full right, power and authority to sell, transfer, convey and deliver to the Purchaser
good, valid and marketable title to the Sale Shares held by the Seller in accordance with the terms of this Agreement.

 

		(c)	The Sale Shares held by the Seller are not the subject matter of any claim, action, suit, investigation
or other proceeding or judgment or subject to any prohibition, injunction or restriction on sale under any decree or order of any Governmental
Authority.

 

		(d)	The Sale Shares held by the Seller was legally acquired, and validly owned and held by the Seller. The
Seller warrants that the Sale Shares held by them were acquired and are held in compliance with the applicable Law.

 

		(e)	There are no outstanding or authorized obligations, rights including allotment, pre-emptive rights, rights
of first refusal pursuant to any existing agreement warrants, options, or other agreements including voting agreements, contracts, arrangements
entered into by the Seller and binding upon the Companies, of any kind that gives any Person the right to purchase or otherwise receive
the Sale Shares (or any interest therein).

 

		(f)	there are no matters within the actual knowledge of the Purchaser, its Affiliate or any of their officers
or employees at the Closing Date which will or may entitle any of them to make a claim under this Agreement against the Seller;

 

		(g)	Seller has not, nor has anyone authorized on his behalf, done, committed or omitted any act, deed, matter
or thing whereby any of the Sale Shares owned by the Seller are or may be forfeited or extinguished.

 

		(h)	No Taxes are required to be deducted at source or withheld by the Purchaser under Law from payments to
be made to the Seller for the Sale Shares.

 

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	10.5.	No Conflicts. The execution, delivery and performance of and compliance with this Agreement and
the consummation of the transactions contemplated by this Agreement do not and will not:

 

		(a)	violate, conflict with, result in or constitute a default under, result in the termination, cancellation
or modification of, accelerate the performance required by, result in a right of termination under, or result in any loss of benefit under:
(i) any material contract to which the Seller or the Companies is a party; (ii) a material permit/license; (iii) any agreements relating
to the indebtedness of the Companies, or the Seller (v) any agreements entered into between any or the Seller or the Companies or any
of its respective Affiliates; or

 

		(b)	violate or conflict with any applicable Law to which the Companies, the Seller or any of their respective
property is subject.

 

	10.6.	No Proceedings. There are no legal or governmental proceedings pending to which either of the Seller
or the Companies is a party or to which any of the property of either of the Seller or the Companies or Sale Shares is subject, and which
in either case could reasonably be expected to have an adverse effect on the power or ability of either of the Seller or the Companies
to perform theirs obligations under this Agreement.

 

	10.7.	Knowledge. There are no matters within the actual knowledge of the Seller, its Affiliate or any
of their officers or employees at the Closing Date which will or may entitle any of them to make a claim under this Agreement against
the Purchaser.

 

	10.8.	Purchasers Warranties. The Purchaser warrants to the Seller at the Execution Date and as at the
Closing Date as follows:

 

		(a)	has all requisite power and authority to enter into this Agreement, to perform its obligations there under
and to consummate the transaction contemplated hereby. The execution and delivery of this Agreement by the Purchaser and the performance
by the Purchaser of its obligations hereunder and the consummation by the Purchaser of the transactions contemplated hereby, have been
duly authorized by all necessary actions;

 

		(b)	this Agreement constitutes valid, legally binding and enforceable obligations of the Purchaser;

 

		(c)	the Purchaser possess funding, or is the recipient of, binding, irrevocable and unconditional funding
commitments, which will allow it to meet its obligations to make the payments due under this Agreement;

 

		(d)	there are no matters within the actual knowledge of the Purchaser, its Affiliate or any of their officers
or employees at the Closing Date which will or may entitle any of them to make a claim under this Agreement against the
Seller;

 

    22 

     

    

 

		(e)	the execution, delivery and performance of and compliance with this Agreement and the consummation of
the transactions contemplated by this Agreement do not and will not violate or conflict with any applicable Law to which the Purchaser
or its property is subject;

 

		(f)	all corporate action on part of the Purchaser, to the extent necessary under its governing documents that
are required for the issuance of the Consideration Shares, free from all Encumbrances have been duly taken and adopted and are in full
force and effect as of the date hereof.

 

	10.9.	Each of the Parties shall give the other Parties prompt notice in writing of any event, condition or circumstance
(whether existing on or before the Execution Date or arising thereafter) that would cause any of their respective warranties to become
untrue or incorrect or incomplete or inaccurate or misleading in any respect, that would constitute a violation or breach of any of the
warranties as of any date from the Execution Date or that would constitute a violation or breach of any terms and conditions contained
in this Agreement. This requirement shall not prejudice the right of the Parties to bring a Claim for any breach of the warranties. Each
Party undertakes to notify the other Parties promptly after becoming aware of such event, in any event no later than 10 (ten) days after
becoming aware of such event.

 

	10.10.	Each of the warranties shall be construed as a separate warranty, covenant or undertaking, as the case
may be, and shall not be limited by inference from the terms of any other warranty or by any other term of this Agreement.

 

	11.	INDEMNIFICATION AND DAMAGES

 

	11.1.	In consideration of the purchase of the Sale Shares by the Purchaser from the Seller hereunder, each Party
(“Indemnifying Party”) agrees to indemnify, defend and hold harmless, the other Party, its Affiliates and each of their
respective partners, officers, employees, shareholders, partners, agents, as the case may be from and against, any and all, damages, Losses,
Liabilities, obligations, fines, penalties, levies, action, investigations, inquisitions, notices, suits, judgments, claims of any kind
including third party claims, interest, governmental and statutory action, costs, litigation and arbitral costs, taxes or expenses (including
without limitation, reasonable attorney’s fees and expenses) (collectively referred to as “Loss”) suffered or
incurred, directly or indirectly by any Indemnified Party as a result of:

 

		(a)	any misrepresentation or inaccuracy in any Warranty made by such Indemnifying Party, or any failure by
such Indemnifying Party to perform or comply with any agreement, obligation, liability, warranty, term, covenant or undertaking contained
in this Agreement;

 

		(b)	any fraud committed by the Indemnifying Party, at any time.

 

    23 

     

    

 

	11.2.	In the event either Party makes any payment pursuant to this Section 10 (Indemnification), the same shall
be grossed up to take into account any Taxes, payable by the Indemnified Parties on such payment.

 

	11.3.	The indemnification rights of the Indemnified Parties under this Agreement are independent of, and in
addition to, such other rights and remedies as Indemnified Parties may have at Law or in equity or otherwise, including the right to seek
specific performance or other injunctive relief, none of which rights or remedies shall be affected or diminished thereby.

 

	11.4.	The above indemnity shall take effect upon Closing and shall lapse on the first anniversary of the Closing
Date.

 

	12.	LIMITATION OF LIABILITY

 

	12.1.	Save as provided in Section 11.9, the provisions of this Section 11 shall operate to limit the liability
of each party in relation to any Claim under this Agreement (including, for the avoidance of doubt, under Section 10).

 

	12.2.	The aggregate liability of each party for all Substantiated Claims shall not exceed the amount of the
Final Purchase Price actually received by the Seller under this Agreement. For the purposes of assessing whether the limit has been reached,
the liability of the Seller shall be deemed to include the amount of all costs, expenses and other liabilities (together with any VAT
thereon) payable by it in connection with the settlement or determination of any Claim.

 

	12.3.	Neither party shall be liable for a Claim unless:

 

		(a)	its liability in respect of such Claim exceeds £50,000 (“De Minimis Threshold”);
and

 

		(b)	the aggregate amount of all Claims for which it would, in the absence of this Section 11.3(b), be liable
shall exceed £250,000 (“Basket”) and in such event the party shall be liable for the whole of such amount and
not merely the excess,

 

for the purposes of calculating Claims
counting towards the De Minimis Threshold and/or Basket, such calculation shall exclude all costs, expenses and other liabilities (together
with any irrecoverable VAT thereon) incurred or to be incurred by the Purchaser in connection with the formalisation of any such Claim.

 

	12.4.	The written notice of a Claim shall give full details (so far as such details are known to the claiming
party) of the nature of the Claim, the circumstances giving rise to it and the claiming party’s bona fide estimate of any alleged
loss.

 

	12.5.	Any Claim notified under Section 11.4 shall be deemed to be irrevocably withdrawn (if it has not been
previously satisfied, settled or withdrawn) unless legal proceedings in respect thereof have been commenced in respect of a Claim within
six (6) months of the giving of written notice of the Claim; and for this purpose legal proceedings shall not be deemed to have commenced unless both issued and served,
provided that in the event of a Contingent Claim, legal proceedings must have been so commenced with six (6) months of the Contingent
Claim becoming an actual liability.

 

    24 

     

    

 

	12.6.	Neither Party shall be liable for a Claim:

 

		(a)	where the matter giving rise to the Claim is within the actual knowledge of the other Party, its officers
or employees or its advisers before the Closing Date.

 

		(b)	unless and until such Claim becomes a Substantiated Claim;

 

		(c)	arising from an act (including an intentional failure to act) or transaction, whether before, at or after
Closing, either undertaken (i) in accordance with this Agreement; or (ii) at the written request or direction of, or with the written
consent of, the other Party or any member of the other Party’s group.

 

	12.7.	If the same fact, matter, event or circumstance gives rise to more than one Claim, neither party shall
be entitled to recover more than once in respect of such fact, matter, event or circumstance.

 

	12.8.	Where a party is entitled (whether by reason of insurance or otherwise) to recover from a third party
(not being a party to this Agreement) any sum in respect of any liability, loss or damage which is the subject of a Claim or for which
such a Claim could be made, such party shall use reasonable endeavours to recover from that third party before making any such Claim.

 

	12.9.	Nothing in this Section 11 applies to exclude or limit the liability of either party to the extent that
a Claim arises or is delayed as a result of dishonesty, fraud, wilful misconduct or wilful concealment by such party, its agents or advisers.

 

	13.	TERMINATION

 

	13.1.	Each of the Parties shall take all steps necessary to fulfil the Conditions Precedent promptly. Subject
to Section 12.2, if the Conditions Precedent are not satisfied, or waived on or before the 31 March 2021 then, the non-defaulting Party
may (without limiting their right to claim damages or exercise any other rights and remedies they may have under this Agreement):

 

		(a)	terminate this Agreement with immediate effect;

 

		(b)	defer Closing to a date being not more than 45 Business Days (unless the parties agree other) following
31 March 2021. If the parties having used their respective reasonable endeavours to effect Closing during the intervening period cannot
reach an agreement, the Buyer may terminate the agreement with immediate effect; or

 

		(c)	proceed to Closing as far as practicable.

 

    25 

     

    

 

	13.2.	Notwithstanding the satisfaction of the Condition Precedents, if the IPO does not take place on 31 March
2021 (without limiting the Seller’s right to claim damages or exercise any other rights and remedies the Seller may have against
the Purchaser), this Agreement will terminate with immediate effect (unless the Parties agree otherwise in writing prior to such termination).

 

	13.3.	Any termination of this Agreement shall be without prejudice to any rights and obligations of the Parties
accrued or incurred prior to the date of such termination, which shall survive the termination of this Agreement.

 

	14.	INTERIM RIGHTS OVER SALE SHARES

 

	14.1.	The Seller declares that for so long as it remains the registered holder of any of the Sale Shares after
Closing it shall:

 

		(a)	hold the Sale Shares and the dividends and other distributions of profits or surplus or other assets declared,
paid or made in respect of the Sale Shares after Closing and all rights arising out of or in connection with the Sale Shares in trust
for the Purchaser and its successors in title; and

 

		(b)	deal with and dispose of the Sale Shares and all such dividends, distributions and rights as the Purchaser
or any such successor may direct; and

 

		(c)	if so requested by the Purchaser or any such successor:

 

		(i)	vote at all meetings which the Seller shall be entitled to attend as the registered holder of the Sale
Shares in such manner as the Purchaser or any such successor may direct; and

 

		(ii)	execute all instruments of proxy or other documents which the Purchaser may reasonably require and which
may be necessary or desirable or convenient to enable the Purchaser or any such successor to attend and vote at any such meeting.

 

	14.2.	The Seller authorises and directs:

 

		(a)	the Company to send any notices in respect of its holding of Sale Shares to the Purchaser; and

 

		(b)	the Purchaser to complete, in such manner as the Purchaser thinks fit, and to return proxy cards, consents
to short notice and any other document required or proposed to be signed by the Seller in the Seller’s capacity as a member.

  

    26 

     

    

 

	14.3.	With effect from Closing until such time as the Purchaser has been entered in the Companies’ register
of members as the registered holder of the relevant Sale Shares, the Seller:

 

		(a)	irrevocably appoints the Purchaser to be the Seller’s attorney in the Seller’s name and on
its behalf to exercise all or any of the voting and other rights, powers and privileges (including the right to receive notices of, execute
consents to short notice for and attend, speak and vote at, any general meeting and/or class meeting of each Company (including any adjourned
meeting), nominate proxies on the Seller’s behalf and receive and approve any shareholder or class written resolutions) attached
to the Sale Shares;

 

		(b)	undertakes to ratify everything done by the Purchaser, as the Seller’s attorney, in pursuance of
the power of attorney contained in this Section 13.3; and

 

		(c)	agrees that the power of attorney contained in this Section 13.3 is executed to secure the interest of
the Purchaser in the Sale Shares and shall accordingly be irrevocable.

 

	15.	PURCHASER POST COMPLETION COVENANTS

 

	15.1.	The Purchaser undertakes to the Seller that at all times between Closing and 31st December 2023:

 

		(a)	it shall use its best endeavours to maximise the profits generated by the Companies;

 

		(b)	it shall not, directly or indirectly, take any action, or cause or permit anything to be done that could
distort the financial performance of the Companies, or with the principal purpose of avoiding or reducing the amount of the Final Purchase
Price;

 

		(c)	it shall not sell, transfer or otherwise dispose of all or a material part of the Companies or their Assets
(or enter into an agreement to do so);

 

		(d)	it shall not (and shall procure that no other member of Purchaser’s Group shall) divert or redirect
any trading, business opportunities or revenues or any customer, client or supplier away from the Companies;

 

		(e)	it shall not cause or permit any of the following:

 

		(i)	a change to the accounting reference date of the Companies other than as contemplated by this Agreement,

 

		(ii)	the proposal or passing of a resolution to wind up the Companies; or

 

		(iii)	any management charges, fees or other intra-group charges or any interest payments on intra-group borrowings
to be levied on the Companies by the Purchaser or any other member of the Purchaser group.

 

		(f)	all intra-group transactions between the Companies and another member of the Purchaser’s group shall
be undertaken on an arm's length basis and upon reasonable commercial terms.

 

    27 

     

    

 

	15.2.	The Purchaser undertakes that each of the 2021 Management Accounts, the 2022 Management Accounts and the
2023 Management Accounts shall be prepared in accordance with UK GAAP and applicable Law.

 

	15.3.	It is agreed between the Parties that following Closing, Simon Zutshi shall be actively engaged in the
Companies in accordance with the terms and conditions of the management agreement (hereinafter referred to as the “Management
Agreement” being Appendix 2 to this Agreement).

 

	16.	CONFIDENTIALITY

 

	16.1.	Confidentiality:

 

		(a)	Each Party shall keep all information relating to each other Party, information relating to the transactions herein and this Agreement (collectively referred to as the “Information”) confidential. None of the Parties shall issue any public release or public announcement or otherwise make any disclosure concerning the Information without the prior approval of the other Party; provided however, that nothing in this Agreement shall restrict any of the Parties from disclosing any information as may be required under applicable Law subject to providing a prior written notice of 10 (Ten) Business Days to the other Parties (except in case of regulatory inquiry or examination, and otherwise to the extent practical and permitted by Law). Subject to applicable Law, such prior notice shall also include (a) details of the Information intended to be disclosed along with the text of the disclosure language, if applicable; and (b) the disclosing Party shall also cooperate with the other Parties to the extent that such other Party may seek to limit such disclosure including taking all reasonable steps to resist or avoid the applicable requirement, at the request of the other Parties.

 

		(b)	Nothing in this Section 15.1 shall restrict any Party from disclosing Information for the following purposes:

 

		(i)	To the extent that such Information is in the public domain other than by breach of this Agreement;

 

		(ii)	To the extent that such Information is required to be disclosed by any applicable Law or stated policies
or standard practice of the Parties or required to be disclosed to any Governmental Authority to whose jurisdiction such Party is subject
or with whose instructions it is customary to comply;

 

		(iii)	To the extent that any such Information is later acquired by such Party from a source not obligated to
any other Party hereto, or its Affiliates, to keep such Information confidential;

 

    28 

     

    

 

		(iv)	Insofar as such disclosure is reasonably necessary to such Party’s employees, directors or professional
advisers, provided that such Party shall procure that such employees, directors
or professional advisors treat such Information as confidential. For the avoidance of doubt, it is clarified that disclosure of information
to such employees, directors or professional advisors shall be permitted on a strictly “need-to-know basis”;

 

		(v)	To the extent that any of such Information was previously known or already in the lawful possession of
such Party, prior to disclosure by any other Party hereto; and

 

		(vi)	To the extent that any information, materially similar to the Information, shall have been independently
developed by such Party without reference to any Information furnished by any other Party hereto.

 

		(vii)	Where other Parties have given their prior approval to the disclosure.

 

		(c)	Any public release or public announcement (including any press release, conference, advertisement, announcement,
professional or trade publication, mass marketing materials or otherwise to the general public) containing references the investment made
by the Purchaser in the Companies, shall require the prior written consent of the Purchaser.

 

	17.	STAMP DUTY 

 

The Purchaser shall bear the cost of
all stamp duty, any notarial fees and all transfer taxes and duties or their equivalents in all jurisdictions where such fees, taxes and
duties are payable as a result of the transactions contemplated by this Agreement. The Purchaser shall be responsible for arranging the
payment of such stamp duty and all other such fees, taxes and duties, including fulfilling any administrative or reporting obligation
imposed by the jurisdiction in question in connection with such payment.

 

	18.	DATA PROTECTION 

 

	18.1.	Each party acknowledges and agrees, and hereby expressly consents, as follows: (i) in the performance
of this Agreement, and the delivery of any documentation hereunder, Customer Data, may be generated, disclosed to a party to this Agreement,
and may be incorporated into files processed by either party or by the Affiliates of either party; (ii) Customer Data will be stored as
long as such data is necessary for the performance of this Agreement (iii) it warrants that it has all legal right and authority to disclose
any Customer Data of any third party it discloses to the other party to this Agreement, and that it has obtained the necessary consents
from the relevant third party data subjects to so disclose such Customer Data; (iv) it has been informed of the existence of its right
to request access to, removal of or restriction on the processing of its Customer Data, as well as to withdraw consent at any time; and
(v) it acknowledges its right to file a complaint with the Customer Data supervisory authority in the relevant jurisdiction.

 

    29 

     

    

 

	19.	ARBITRATION

 

	19.1.	Any dispute arising out of or in connection with this contract, including any question regarding its existence,
validity or termination, shall be referred to and finally resolved by arbitration in Singapore in accordance with the Arbitration Rules
of the Singapore International Arbitration Centre (“SIAC Rules”) for the time being in force, which rules are deemed
to be incorporated by reference in this Section.

 

	19.2.	The Parties agreed that any arbitration commenced pursuant to this Section shall be conducted in accordance
with the Expedited Procedure set out in Rule 5.2 of the SIAC Rules.

 

	19.3.	The Tribunal shall consist of one arbitrator.

 

	19.4.	The language of the arbitration shall be English.

 

	19.5.	This Section shall survive the termination of this Agreement.

 

	20.	GENERAL PROVISIONS

 

	20.1.	Survival. The warranties and the Indemnity provisions shall survive the Closing. Any other provision
which by virtue of its nature is intended to survive shall survive the termination of this Agreement.

 

	20.2.	Successors and Assigns. Except as otherwise provided herein, the terms and conditions of this Agreement
shall inure to the benefit of and be binding upon the respective successors and assigns of the Parties. Nothing expressed or referred
to herein will be construed to give any person other than the Parties to this Agreement any legal or equitable right, remedy or claim
under or with respect to this Agreement or any provision of this Agreement.

 

	20.3.	Assignment. The Parties hereby agree that no assignment of this Agreement will be permitted without
the prior written consent of other Parties.

 

	20.4.	Counterparts. This Agreement may be executed in any number of originals or counterparts, each in
the like form and all of which when taken together shall constitute one and the same document, and any Party may execute this Agreement
by signing any one or more of such originals or counterparts.

 

	20.5.	Notices and deliverables. Notices, demands or other communication required or permitted to be given
or made under this Agreement shall be in writing and delivered personally or sent by prepaid post with recorded delivery, or email addressed
to the intended recipient, or to such other address or email number as a Party may from time to time duly notify to the others:

 

		(a)	IF TO THE PURCHASER

 

		(i)	Name:         Genius Group Limited

 

    30 

     

    

 

 

		(ii)	Address:
                                            8 Amoy Street, #01-01 Singapore 049950

 

		(iii)	Attention:
                                            Roger James Hamilton

 

		(iv)	Email:
                                            roger@geniusgroup.net

 

		(b)	IF
                                            TO THE SELLER

 

		(i)	Name:
                                            Simon Zutshi

 

		(ii)	Address:
                                            55 Christchurch Close, Birmingham, B15 3NE

 

		(iii)	Attention:
                                            Simon Zutshi

 

		(iv)	Email:
                                            simon_zutshi@hotmail.com

 

	20.6.	Amendments. No amendment
                                            or variation of this Agreement shall be binding on any Party unless such variation is in
                                            writing and duly signed by all the Parties.

 

	20.7.	Waiver. No waiver
                                            of any breach of any provision of this Agreement shall constitute a waiver of any prior,
                                            concurrent or subsequent breach of the same or any other provisions hereof, and no waiver
                                            shall be effective unless made in writing and signed by an authorized representative of the
                                            waiving Party.

 

	20.8.	Severability. Each
                                            and every obligation under this Agreement shall be treated as a separate obligation and shall
                                            be severally enforceable as such in the event of any obligation or obligations being or becoming
                                            unenforceable in whole or in part. To the extent that any provision or provisions of this
                                            Agreement are unenforceable they shall be deemed to be deleted from this Agreement and any
                                            such deletion shall not affect the enforceability of the remainder of this Agreement not
                                            so deleted provided the fundamental terms of this Agreement are not altered.

 

	20.9.	Entire Agreement.
                                            This Agreement constitutes the whole agreement between the Parties relating to the subject
                                            matter hereof and supersedes any prior arrangements whether oral or written, relating to
                                            such subject matter. No Party has relied upon any warranty in entering this Agreement other
                                            than those expressly contained herein.

 

	20.10.	Independent Rights.
                                            Each of the rights of the Parties under this Agreement are independent, cumulative and
                                            without prejudice to all other rights available to them, and the exercise or non-exercise
                                            of any such rights shall not prejudice or constitute a waiver of any other right of a Party,
                                            whether under this Agreement or otherwise.

 

	20.11.	Any date or period as
                                            set out in any Section of this Agreement may be extended with the written consent of the
                                            Parties failing which time shall be of the essence.

 

	20.12.	Costs.
                                            Each party shall bear its own expenses incurred in preparing this Agreement. The stamp duty
                                            and other costs payable on this Agreement, and the share transfer deed in relation to the
                                            Sale Shares shall be borne by the Seller.

 

    31

     

    

 

	20.13.	The provisions
                                            of this Agreement and the Appendixes attached hereto shall (as far as possible) be interpreted
                                            in such a manner as to give effect to all such documents; provided however, that in the event
                                            of an inconsistency between this Agreement and the Appendixes, to the extent permitted by
                                            applicable Law, provisions of this Agreement shall prevail as between the Parties and shall
                                            govern their contractual relationship and the Parties shall cause the necessary amendments
                                            to the Appendixes attached hereto.

 

	20.14.	Governing Law:
                                            This Agreement and the relationship between the Parties shall be governed by, and interpreted
                                            in accordance with, the Laws of Singapore.

 

In witness hereof, the Parties’ authorized representatives
have executed this Agreement as of the date and year first herein above written.

 

	SIGNED and delivered as a Deed by:	 
	Genius Group Ltd.	 
	 	 
	By:	/s/ Roger James Hamilton	       
	 	 	 
	Name:	Roger James Hamilton                                   	 
	 	 	 
	Title:	CEO	 
	 	 
	Witness	 
	 	 
	 	/s/ Daniel Acutt	 
	 	 	 
	Name:	Daniel Acutt	 
	 	 	 
	Address:	603 Orton House, 81 Plough Lane, London,	 
	 	SW17 0RF	 

 

    32

     

    

 

	SIGNED and delivered as a Deed by:	 
	Property Mastermind International PTE Ltd.,	 
	 	 
	By:	/s/ Simon Zutshi	 
	 	 	 
	Name:	Simon Zutshi	 
	 	 	 
	Title:	Director	 
	 	 
	Witness	 
	 	 
	 	/s/ Magdalena Klys Korzeniowska	 
	 	 	 
	Name:	Magdalena Klys Korzeniowska	 
	 	 	 
	Address:	Zadumana 11A, 02-206 Warszawa Poland	 
	 	 	 
	SIGNED and delivered as a Deed by:	 
	Simon Zutshi	 
	 	 
	By:	/s/ Simon Zutshi	 
	 	 	 
	Name:	Simon Zutshi	 
	 	 	 
	Title:	Director	 
	 	 
	Witness	 
	 	 
	 	/s/ Magdalena Klys Korzeniowska	 
	 	 	 
	Name:	Magdalena Klys Korzeniowska	 
	 	 	 
	Address:	Zadumana 11A, 02-206 Warszawa Poland	 

 

    33

     

    

 

Appendix 1 - Assets and Liabilities

 

	 MASTERMIND
                                            PRINCIPLES LTD

                                            Balance Sheet (No.s are in GBP)

                                            As on 30th Sep 2020

	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	30 Sep

    2020	 	 	Adjustments	 	 	To be Paid by

    Buyer on behalf of
 Seller (Part of
 Acquired Balance
 Sheet)	 	 	Acquired

    Balance
 Sheet	 	 	Details
	Assets	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Bank	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Amex	 	 	-17.67	 	 	 	0.00	 	 	 	0.00	 	 	 	-17.67	 	 	 
	Bartercard	 	 	14,280.81	 	 	 	0.00	 	 	 	0.00	 	 	 	14,280.81	 	 	 
	BBX	 	 	19,207.00	 	 	 	0.00	 	 	 	0.00	 	 	 	19,207.00	 	 	 
	CC & DC Receipts	 	 	-4.56	 	 	 	0.00	 	 	 	0.00	 	 	 	-4.56	 	 	 
	Mastermind Principles	 	 	-22,939.75	 	 	 	0.00	 	 	 	0.00	 	 	 	-22,939.75	 	 	 
	Petty Cash account	 	 	230.32	 	 	 	0.00	 	 	 	0.00	 	 	 	230.32	 	 	 
	Savings Account	 	 	1.2	 	 	 	0.00	 	 	 	0.00	 	 	 	1.20	 	 	 
	Squareup Terminal Payments	 	 	3,262.30	 	 	 	0.00	 	 	 	0.00	 	 	 	3,262.30	 	 	 
	Stripe payments	 	 	9,829.82	 	 	 	0.00	 	 	 	0.00	 	 	 	9,829.82	 	 	 
	Total Bank	 	 	23849.47	 	 	 	0.00	 	 	 	0.00	 	 	 	23,849.47	 	 	 
	Current Assets	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Accounts Receivable	 	 	660,541.54	 	 	 	0.00	 	 	 	0.00	 	 	 	660,541.54	 	 	 
	Less Provision for Doubtful Debts	 	 	-247,869.86	 	 	 	0.00	 	 	 	0.00	 	 	 	-247,869.86	 	 	 
	BG2 Ltd - Loan Account	 	 	24	 	 	 	0.00	 	 	 	0.00	 	 	 	24.00	 	 	 
	BG3 Ltd.	 	 	458,654.98	 	 	 	0.00	 	 	 	458.654.98	 	 	 	0.00	 	 	To be paid by Genius Group on behalf of Simon (Loan)
	BG4 Ltd	 	 	1,593.56	 	 	 	1,477.40	 	 	 	0.00	 	 	 	116.16	 	 	Balance to be written off in Dec 2020
	BMV Finance	 	 	852,504.79	 	 	 	0.00	 	 	 	852,504.79	 	 	 	0.00	 	 	To be paid by Genius Group on behalf of Simon (Loan)
	Crowd Property Loan Account	 	 	215,014.48	 	 	 	0.00	 	 	 	0.00	 	 	 	215,014.48	 	 	 
	Dean Powers	 	 	499,530.15	 	 	 	499,530.15	 	 	 	0.00	 	 	 	0.00	 	 	Balance to be written off in Dec 2020
	Deposit - Crown House	 	 	995	 	 	 	0.00	 	 	 	0.00	 	 	 	995.00	 	 	 
	Elaine Millhouse	 	 	245,672.08	 	 	 	25,672.08	 	 	 	0.00	 	 	 	220,000.00	 	 	Disputed Balance to be written off in Dec 2019
	Hatfield House	 	 	9,976.00	 	 	 	0.00	 	 	 	0.00	 	 	 	9,976.00	 	 	 
	Mark Dearing	 	 	27,000.00	 	 	 	27,000.00	 	 	 	0.00	 	 	 	0.00	 	 	Balance to be written off in Dec 2020
	P J Finn	 	 	578,650.84	 	 	 	0.00	 	 	 	578,650.84	 	 	 	0.00	 	 	To be paid by Simon if the party defaults
	Prepayments	 	 	3,684.29	 	 	 	0.00	 	 	 	0.00	 	 	 	3,684.29	 	 	 
	Property Mastermind International	 	 	9,806.04	 	 	 	0.00	 	 	 	0.00	 	 	 	9,806.04	 	 	 
	Rent to Buy	 	 	39,598.00	 	 	 	39,598.00	 	 	 	0.00	 	 	 	0.00	 	 	Balance to be written off in Dec 2020
	Richard Evans	 	 	12,000.00	 	 	 	0.00	 	 	 	0.00	 	 	 	12,000.00	 	 	 
	Simon Zutshi - Director's Loan Account	 	 	275,156.82	 	 	 	0.00	 	 	 	275,156.82	 	 	 	0.00	 	 	To be paid by Genius Group on behalf of Simon (Loan)
	Sundry Assets	 	 	1,700.00	 	 	 	0.00	 	 	 	0.00	 	 	 	1,700.00	 	 	 
	Throckley	 	 	34,147.20	 	 	 	0.00	 	 	 	0.00	 	 	 	34,147.20	 	 	 
	Vishal Misal	 	 	12,000.00	 	 	 	12,000.00	 	 	 	0.00	 	 	 	0.00	 	 	Balance to be written off in Dec 2020
	Vision 1 Investments	 	 	231,314.80	 	 	 	0.00	 	 	 	231,314.80	 	 	 	0.00	 	 	To be paid by Genius Group on behalf of Simon (Loan)
	Mastermind Principles	 	 	0	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 
	Total
    Current Assets	 	 	3,921,694.71	 	 	 	605,277.63	 	 	 	2,396,282.23	 	 	 	920,134.85	 	 	 
	Fixed Assets	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Computer Equipment	 	 	7,447.66	 	 	 	0.00	 	 	 	0.00	 	 	 	7,447.66	 	 	 
	Office Equipment	 	 	65,884.65	 	 	 	0.00	 	 	 	0.00	 	 	 	65,884.65	 	 	 
	Less Accumulated Depreciation on Office
    Equipm	 	 	-48,879.00	 	 	 	0.00	 	 	 	0.00	 	 	 	-48,879.00	 	 	 
	Total
    Fixed Assets	 	 	24,453.31	 	 	 	0.00	 	 	 	0.00	 	 	 	24,453.31	 	 	 
	Total Assets	 	 	3,969,997.49	 	 	 	605,277.63	 	 	 	2,396,282.23	 	 	 	968,437.63	 	 	 

 

    34

     

    

 

	MASTERMIND PRINCIPLES LTD

    Balance Sheet (No.s are in GBP)

    As on 30th Sep 2020	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	30 Sep

    2020	 	 	Adjustments	 	 	To be Paid by

    Buyer on behalf of
 Seller (Part of
 Acquired Balance
 Sheet)	 	 	Acquired

    Balance
 Sheet	 	 	Details
	Liabilities	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Current Liabilities	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Accounts Payable	 	 	107,254.03	 	 	 	0.00	 	 	 	0.00	 	 	 	107,254.03	 	 	 
	Accruals	 	 	615,094.51	 	 	 	0.00	 	 	 	0.00	 	 	 	615,094.51	 	 	 
	NIC Payable	 	 	8,080.10	 	 	 	0.00	 	 	 	0.00	 	 	 	8,080.10	 	 	 
	PAYE Payable	 	 	6,010.40	 	 	 	0.00	 	 	 	0.00	 	 	 	6,010.40	 	 	 
	Pensions Payable	 	 	4,202.09	 	 	 	0.00	 	 	 	0.00	 	 	 	4,202.09	 	 	 
	Pin Limited	 	 	393,841.07	 	 	 	0.00	 	 	 	0.00	 	 	 	393,841.07	 	 	 
	Provision for Corporation Tax	 	 	0	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 
	Rounding	 	 	-0.92	 	 	 	0.00	 	 	 	0.00	 	 	 	-0.92	 	 	 
	Student Loan Deductions Payable	 	 	781	 	 	 	0.00	 	 	 	0.00	 	 	 	781.00	 	 	 
	Sundry Liabilities	 	 	0	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 
	VAT	 	 	233,868.34	 	 	 	0.00	 	 	 	0.00	 	 	 	233,868.34	 	 	 
	Wages control account	 	 	0	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 
	Alan Webb Loan Account	 	 	0	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 
	Total Current Liabilities	 	 	1,369,130.62	 	 	 	0.00	 	 	 	0.00	 	 	 	1,369,130.62	 	 	 
	Non-Current Liabilities	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Loan	 	 	82,000.00	 	 	 	0.00	 	 	 	0.00	 	 	 	82,000.00	 	 	 
	Lloyds CBIL	 	 	198,000.00	 	 	 	0.00	 	 	 	0.00	 	 	 	198,000.00	 	 	 
	Total Non-Current Liabilities	 	 	280,000.00	 	 	 	0.00	 	 	 	0.00	 	 	 	280,000.00	 	 	 
	Total Liabilities	 	 	1,649,130.62	 	 	 	0.00	 	 	 	0.00	 	 	 	1,649,130.62	 	 	 
	Net Assets	 	 	2,320,866.87	 	 	 	605,277.63	 	 	 	2,396,282.23	 	 	 	-680,692.99	 	 	 
	Equity	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Capital - x,xxx Ordinary Shares	 	 	2	 	 	 	0.00	 	 	 	0.00	 	 	 	2.00	 	 	 
	Current Year Earnings	 	 	643,668.50	 	 	 	0.00	 	 	 	0.00	 	 	 	643,668.50	 	 	 
	Retained Earnings	 	 	1,677,196.37	 	 	 	605.277.63	 	 	 	0.00	 	 	 	1,071,918.74	 	 	 
	Total Equity	 	 	2,320,866.87	 	 	 	605,277.63	 	 	 	0.00	 	 	 	1,715,589.24	 	 	 

 

    35

     

    

 

	PROPERTY INVESTORS NETWORK LTD	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Balance Sheet (No.s are in GBP)
 As on 30th Sep 2020	 	 	 	0.00	 	 	 	0.00	 	 	 	 	 	 	 
	 	 	30 Sep

    2020	 	 	Adjustments	 	 	To be Paid by

    Buyer on behalf
 of Seller (Part of
 Acquired
 Balance Sheet)	 	 	Acquired

    Balance
 Sheet	 	Details
	Assets	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Bank	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Petty Cash account	 	 	154.25	 	 	 	0.00	 	 	 	0.00	 	 	 	154.25	 	 	 
	CC &
    DC Receipts	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 
	Property Investors
    Network Ltd	 	 	3,437.09	 	 	 	0.00	 	 	 	0.00	 	 	 	3,437.09	 	 	 
	Stripe payments	 	 	1,671.74	 	 	 	0.00	 	 	 	0.00	 	 	 	1,671.74	 	 	 
	Total
    Bank	 	 	5263.08	 	 	 	0.00	 	 	 	0.00	 	 	 	5,263.08	 	 	 
	Current Assets	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Accounts Receivable	 	 	19,962.00	 	 	 	0.00	 	 	 	0.00	 	 	 	19,962.00	 	 	 
	BG2 Ltd - Loan
    Account	 	 	50,000.00	 	 	 	0.00	 	 	 	0.00	 	 	 	50,000.00	 	 	 
	Mastermind Principles	 	 	393,841.07	 	 	 	0.00	 	 	 	0.00	 	 	 	393,841.07	 	 	 
	Total
    Current Assets	 	 	463,803.07	 	 	 	0.00	 	 	 	0.00	 	 	 	463,803.07	 	 	 
	Fixed Assets	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Computer Equipment	 	 	1,892.36	 	 	 	0.00	 	 	 	0.00	 	 	 	1,892.36	 	 	 
	Office Equipment	 	 	2,816.21	 	 	 	0.00	 	 	 	0.00	 	 	 	2,816.21	 	 	 
	Less Accumulated
    Depreciation on Office Equipment	 	 	-2,814.88	 	 	 	0.00	 	 	 	0.00	 	 	 	-2,814.88	 	 	 
	Total
    Fixed Assets	 	 	1,893.69	 	 	 	0.00	 	 	 	0.00	 	 	 	1,893.69	 	 	 
	Total
    Assets	 	 	470,959.84	 	 	 	0.00	 	 	 	0.00	 	 	 	470,959.84	 	 	 

 

	PROPERTY INVESTORS NETWORK LTD
 Balance Sheet (No.s are in GBP)

    As on 30th Sep 2020	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	30 Sep

    2020	 	 	Adjustments	 	 	To be Paid by

    Buyer on behalf
 of Seller (Part of
 Acquired
 Balance Sheet)	 	 	Acquired

    Balance
 Sheet	 	 	Details
	Liabilities	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Current Liabilities	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Accounts
    Payable	 	 	9,259.64	 	 	 	0.00	 	 	 	0.00	 	 	 	9,259.64	 	 	 
	Accruals	 	 	-783.00	 	 	 	0.00	 	 	 	0.00	 	 	 	-783.00	 	 	 
	NIC Payable	 	 	-687.07	 	 	 	0.00	 	 	 	0.00	 	 	 	-687.07	 	 	 
	PAYE Payable	 	 	949.60	 	 	 	0.00	 	 	 	0.00	 	 	 	949.60	 	 	 
	Pensions Payable	 	 	315.12	 	 	 	0.00	 	 	 	0.00	 	 	 	315.12	 	 	 
	Provision for
    Corporation Tax	 	 	67.49	 	 	 	0.00	 	 	 	0.00	 	 	 	67.49	 	 	 
	Rounding	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 
	VAT	 	 	20,484.05	 	 	 	0.00	 	 	 	0.00	 	 	 	20,484.05	 	 	 
	Alan Webb Loan
    Account	 	 	24,175.00	 	 	 	0.00	 	 	 	0.00	 	 	 	24,175.00	 	 	 
	Total
    Current Liabilities	 	 	53,780.83	 	 	 	0.00	 	 	 	0.00	 	 	 	53,780.83	 	 	 
	Non-Current
    Liabilities	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Lloyds Bounceback
    Loan	 	 	50,000.00	 	 	 	0.00	 	 	 	0.00	 	 	 	50,000.00	 	 	 
	The Funding Circle	 	 	17,448.12	 	 	 	0.00	 	 	 	0.00	 	 	 	17,448.12	 	 	 
	Total
    Non-Current Liabilities	 	 	67,448.12	 	 	 	0.00	 	 	 	0.00	 	 	 	67,448.12	 	 	 
	Total
    Liabilities	 	 	121,228.95	 	 	 	0.00	 	 	 	0.00	 	 	 	121,228.95	 	 	 
	Net
    Assets	 	 	349,730.89	 	 	 	0.00	 	 	 	0.00	 	 	 	349,730.89	 	 	 
	Equity	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Capital - x,xxx
    Ordinary Shares	 	 	5	 	 	 	0.00	 	 	 	0.00	 	 	 	5.00	 	 	 
	Current Year Earnings	 	 	235,052.05	 	 	 	0.00	 	 	 	0.00	 	 	 	235,052.05	 	 	 
	Retained Earnings	 	 	114,673.55	 	 	 	0.00	 	 	 	0.00	 	 	 	114,673.55	 	 	 
	Total
    Equity	 	 	349,730.60	 	 	 	0.00	 	 	 	0.00	 	 	 	349,730.60	 	 	 

 

    36

     

    

 

 

Appendix 2 - Management
Agreement

 

Between

 

Genius Group Limited

 

and

 

Simon Zutshi

 

    37 

     

    

 

PARTIES

 

This Management
Agreement (the “Management Agreement”), dated   30 April 2022 is entered into between;

 

	(A)	Genius Group Limited, a Singapore Registered Company (hereinafter
                                   referred to as the “GG”), with its registered office at 8 Amoy Street, #01-01 Singapore
                                   049950 represented by Roger James Hamilton; and
	 	 

	(B)	Simon
                                            Zutshi (hereinafter referred to as the “Manager”), an individual with
                                            a principal place of residence at 55 Christchurch Close, Birmingham B15 3NE

 

WHEREAS:

 

	1.	By the
                                            Share Purchase Agreement dated   30 April 2022 (“SPA”), GG purchased all
                                            the Shares of Property Investment Network Ltd. (hereinafter referred to as “PIN”)
                                            and Mastermind Principles Ltd (hereinafter referred to as “MPL”), (the
                                            “Companies”).

 

	2.	GG wishes to appoint Simon
                                            Zutshi to provide GG with management and consultancy services as described in Clause 1 below.

 

IT IS
HERBY AGREED THAT:

 

	1.	Manager’s
                                            duties and obligations

 

	1.1.	GG shall engage Simon
                                            Zutshi as the Manager to provide the following services on the terms of this Agreement:

 

		(a)	Continue
                                            to manage the strategy and operations of PIN and MPL following the acquisition and merger
                                            of PIN and MPL with GG.

 

		(b)	Manage
                                            the strategy and operations of PIN and MPL with the goal of becoming a leading property investor
                                            network.

 

		(c)	Work
                                            together with the Management Board of GG in recruiting and managing the leadership team for
                                            PIN and MPL, with the goal of having a suitably qualified and competent management in place
                                            within the next three (3) years in order that the Manager can take a more strategic role
                                            in the development of PIN, MPL and GG.

 

	1.2.	Throughout the Term and
                                            in accordance to this Agreement the Manager shall provide his services for the minimum 1,000
                                            hours per year to perform such duties as GG may require for business.

 

	1.3.	Manager shall perform
                                            his work and services at the place in the United Kingdom agreed by the parties. Due
                                            to the global operation of GG, the Manager may be required to undertake reasonable travel
                                            from time to time, but not to exceed 15 days in any calendar year.

 

    38 

     

    

 

	2.	Manager
                                            Covenants

 

	2.1.	Manager shall devote reasonably
                                            necessary business and professional time, effort, skill, attention and ability to the business
                                            of GG and shall use his reasonable efforts to promote and advance the interest of GG.

 

	2.2.	Manager shall faithfully
                                            observe and abide by all the reasonable rules and regulations of GG from time to time in
                                            force, which are brought to his notice, and shall at all times materially obey and comply
                                            with internal GG regulations.

 

	3.	Compensation

 

	3.1	GG will pay the Manager a monthly fee
                                          of £10,000 plus VAT for providing the Services to GG, exclusive any applicable taxes
                                          (the “Monthly Fee”).

 

	3.2	The Parties agree that the Manager shall not later than the
                                          25th day of each calendar month for the duration of this Management Agreement, deliver to GG
                                          a tax invoice for the Monthly Fee, for the prior calendar month, and that GG shall pay to the
                                          Manager, the Monthly Fee within 30 (thirty) calendar days of the date of an invoice.

 

	4.	Expenses 

 

		The Manager will be reimbursed for reasonable out-of-pocket
                                expenses incurred in connection with the provision of services under this Agreement.

 

	3.	Term of the Agreement
                                            

 
	 	Subject to the provisions of Clause 7, this Agreement
    shall be for the period of 3 years (the “Term”) commencing as of the Closing Date of the Share Purchase Agreement. (as
    defined therein).

 

	4.	Termination 

 

	4.1.	During the period of this
                                            Agreement the Manager may terminate this Agreement for any reason by providing 6 months ’notice.

 

    39 

     

    

 

	4.2.	GG can terminate this
                                            Agreement at any time for Just Cause (defined below) without payment or any compensation
                                            other than outstanding payment accrued at the date of such termination. For the purpose of
                                            this Agreement “Just Cause” means the continuing breach of this Agreement
                                            by the Manager or Manager by deliberate action to materially injure or theft or fraud against
                                            GG, as determined by a court of competent jurisdiction. GG may not terminate this Agreement
                                            for any other reason during the Term, other than by payment of remaining compensation for
                                            the remainder of the Term.

 

	4.3.	Notwithstanding the above,
                                            this Agreement may be terminated upon the mutual consent of the parties to this Agreement.

 

	4.4.	Notwithstanding the above,
                                            Manager’s obligations to pay the Initial Fee, any and all Monthly Fees due and outstanding
                                            as at the date of termination, and the Management Performance Fee, shall survive termination
                                            of this Agreement.

 

	5.	Renewal

 

	5.1.	GG may offer to renew
                                            the Agreement in accordance to the term and conditions hereof, for the further period of
                                            three (3) by giving the notice in writing to GG, not later than 6 months prior to the expiry
                                            of the Term or the renewal hereof. The Manager may communicate acceptance of the offer in
                                            writing not later than 2 weeks after receipt such offer. Any proposed changes in management
                                            fees or other terms and conditions need to be agreed upon between the parties.

 

	5.2.	Failing such renewal and
                                            acceptance thereof, this Agreement shall terminate and the end of the Term or of the renewal
                                            Term, as the case may be, without further notice or termination payment (save in respect
                                            of any outstanding payments due to the Manager pursuant to Clause 3).

 

	6.	Non
                                            – disclosure

 

	6.1.	Manager
                                            does not (either during the Term or after 2 years of termination of this Agreement) disclose
                                            any information related to the confidential business affairs of GG or relating to any secrets
                                            of GG to any person other than for GG purposes and shall not use, for its/his own purposes
                                            or for any purposes other than those of GG, any such information or secrets it/he may acquire
                                            in the relation of GG business.

 

	6.2.	The provisions of this
                                            Clause shall not apply to any confidential information that:

 

		(a)	is
                                            or becomes generally available to the public (other than as a result of its disclosure by
                                            the Manager); or

 

		(b)	was
                                            available to the Manager on a non-confidential basis before disclosure by GG; or

 

		(c)	was,
                                            is or becomes available to the Manager on a non-confidential basis from a person who, to
                                            the Manager's knowledge, is not bound by a confidentiality agreement with GG or otherwise
                                            prohibited from disclosing the information to the Manager; or

 

    40 

     

    

 

		(d)	the
                                            parties agree in writing is not confidential or may be disclosed; or

 

		(e)	to
                                            the extent that the disclosure is required:

 

		(i)	by
                                            the laws of any jurisdiction to which the Manager is subject; or

 

		(ii)	by
                                            an order of any court of competent jurisdiction, or any regulatory, judicial, governmental
                                            or similar body, or any taxation authority or securities exchange of competent jurisdiction;
                                            or

 

		(iii)	to
                                            make any filing with, or obtain any authorisation from, a regulatory, governmental or similar
                                            body, or any taxation authority or securities exchange of competent jurisdiction.

 

	7.	Intellectual
                                            Property

 

	7.1.	All patentable and unpatentable
                                            inventions, discoveries, ideas, materials, and other intellectual property which are developed
                                            by the Manager for GG are deemed to be works made for hire, and belongs exclusively to GG
                                            and GG is the sole owner of all copyrights, patents, inventions, discoveries and trade secrets
                                            in the same, including the right to change, edit, and distribute the same throughout the
                                            world. Due to the provisions of this Agreement the Manager irrevocably assigns to GG on the
                                            basis of the provisions of this Agreement, all right, title, and interest therein to the
                                            relevant intellectual property

 

	7.2.	For the avoidance of doubt,
                                            any and all copyright works created by the Manager and published to the general public, whether
                                            past present or future (including, without limitation, the books titled “Property Magic:
                                            How to Buy Property Using Other People’s Time, Money and Experience” and “Property
                                            Investors Network: My Journal”) shall remain the exclusive property of the Manager
                                            and fall outside the scope of the provisions of this Agreement.

 

	8.	Indemnity

 

	8.1.	In consideration of the
                                            Manager entering into this Agreement, GG agrees, on behalf of itself and , its Affiliates
                                            and each of their respective partners, officers, employees, shareholders, partners and agents,
                                            as the case may be (each an “Indemnifying Party”), to indemnify, defend
                                            and hold harmless the Manager and each of his respective representatives, partners, agents,
                                            as the case may be (each an “Indemnified Party”), from and against, any
                                            and all, damages, Losses, Liabilities, obligations, fines, penalties, levies, action, investigations,
                                            inquisitions, notices, suits, judgments, claims of any kind including third party claims,
                                            interest, governmental and statutory action, costs, litigation and arbitral costs, taxes
                                            or expenses (including without limitation, reasonable attorney’s fees and expenses)
                                            (collectively referred to as “Loss”) suffered or incurred, directly or
                                            indirectly by any Indemnified Party as a result of:

 

		(a)	any
                                            misrepresentation or inaccuracy in any statement made, or document entered into, by such
                                            Indemnifying Party, or any failure by such Indemnifying Party to perform or comply with any
                                            agreement, obligation, liability, warranty, term, covenant or undertaking contained in any
                                            such statement or document, including, without limitation, any statement or document, delivered
                                            to any regulatory body or authority, including without limitation, the Securities and Exchange
                                            Commission of the United States;

 

		(b)	any
                                            fraud, negligence or misstatement committed by the Indemnifying Party, at any time.

 

    41 

     

    

 

	8.2.	In the event that GG makes
                                            any payment pursuant to this Section 10 (Indemnification), the same shall be grossed up to
                                            take into account any taxes, payable by the Indemnified Parties on such payment.

 

	8.3.	The indemnification rights
                                            of the Indemnified Parties under this Agreement are independent of, and in addition to, such
                                            other rights and remedies as Indemnified Parties may have at Law or in equity or otherwise,
                                            including the right to seek specific performance or other injunctive relief, none of which
                                            rights or remedies shall be affected or diminished thereby.

 

	8.4.	The above indemnity shall
                                            take effect upon Closing and shall lapse on the sixth anniversary of the Closing Date.

 

	9.	Arbitration

 

	9.1.	Subject
                                            to Clause 3.2(d), any dispute arising out of or in connection with this contract, including
                                            any question regarding its existence, validity or termination, shall be referred to and finally
                                            resolved by arbitration administered by the Singapore International Arbitration Centre (“SIAC”)
                                            in accordance with the Arbitration Rules of the Singapore International Arbitration Centre
                                            (“SIAC Rules”) for the time being in force, which rules are deemed to
                                            be incorporated by reference in this clause.

 

	9.2.	The seat of the arbitration
                                            shall be Singapore.

 

	9.3.	The Tribunal shall consist
                                            of one arbitrator

 

	9.4.	The language of the arbitration
                                            shall be English.

 

    42 

     

    

 

	10.	Governing Law 

 

		This Agreement and the rights and obligations of the parties hereto shall
                                be governed and shall be interpreted in accordance with the Laws of Singapore.

 

	11.	Notices 

 
	 	Notices, demands or other communication required or permitted to be given or
    made under this Agreement shall be in writing and delivered personally or sent by prepaid post with recorded delivery, or email addressed
    to the intended recipient, or to such other address or email number as a party may from time to time duly notify to the others:

 

	(1)	If
    to the Manager	 
	 	(1)	Name:	Simon
    Zutshi
	 	(2)	Address:	55
    Christchurch Close, Birmingham, B15 3NE
	 	(3)	Email:	simon_zutshi@hotmail.com

 

	(2)	If
                                            to GG	 

	 	(1)	Name:
                                            	Genius
                                            Group Limited
	 	(2)	Address:	8
                                            Amoy Street, #01-01 Singapore 049950
	 	(3)	Attention:	Roger
                                            James Hamilton
	 	(4)	Email:	roger@geniusgroup.net
                                            

 

	12.	Additional Provisions
                                            

 

	12.1.	This
                                            Agreement sets forth the entire understanding among the parties hereto with reference to
                                            the subject matter hereof and may not be modified, amended, discharged or terminated except
                                            by a written instrument signed by the parties hereto.

 

	12.2.	All of the terms and
                                            provisions of this Management Agreement shall be binding upon, inure to the benefit of, and
                                            be enforceable by each of the parties hereto and their respective successors and assigns.

 

	12.3.	No failure
                                            on the part of any party hereto to exercise, and no delay in exercising, any right, power
                                            or remedy hereunder shall operate as a waiver thereof, nor shall any single or partial exercise
                                            of any right, power or remedy hereunder preclude any other or further exercise thereof or
                                            the exercise of any other rights, power or remedy.

 

    43 

     

    

 

	12.4.	Any legal action, suit
                                            or proceeding arising out of or relating to this Agreement or the transactions contemplated
                                            hereby may be instituted in any Arbitration Court in Singapore.

 

	12.5.	This Agreement may be
                                            executed in two counterparts, each of which shall be deemed an original but all of which
                                            shall constitute one and the same instrument.

 

	12.6.	The headings in this
                                            Agreement are for reference purposes only and shall not in any way affect the meaning or
                                            interpretation of this Agreement.

 

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

 

	Signed:	 	 
	 	 	 
	/s/ Simon Zutshi	 	/s/
    Roger Hamilton
	Simon Zutshi	 	Roger
    Hamilton on behalf of Genius Group Ltd
	 	 	 
	Agreed to on 30 April
    2022	 	Agreed to on 30
    April 2022

 

    44Exhibit 10.12

 

EIGHTH AMENDMENT TO STOCK PURCHASE AGREEMENT

 

This Eighth Amendment
to Stock Purchase Agreement (“Amendment”) is entered into and effective this 18th day of April 2022, by and among: SANDRA
JOHNSON AND MARCO JOHNSON, residents of the State of California (collectively, “Seller”), UNIVERSITY OF ANTELOPE VALLEY, INC.,
a California corporation (“UAV”), GENIUS GROUP LIMITED, a corporation organized under the laws of the Republic of Singapore
(“Purchaser”), and UNIVERSITY OF ANTELOPE VALLEY, LLC, a California limited liability company (“UAV Property Company”).

 

RECITALS

 

WHEREAS, Seller,
UAV, Purchaser and UAV Property Company (solely with respect to Section 1.2(b) of the Purchase Agreement) entered into that certain Stock
Purchase Agreement dated as of March 22, 2021, the Amendment to Stock Purchase Agreement dated as of July 29, 2021, the Second Amendment
to Stock Purchase Agreement dated September 30, 2021, the Third Amendment to Stock Purchase Agreement dated November 22, 2021, the Fourth
Amendment to Stock Purchase Agreement dated December 21, 2021, the Fifth Amendment to Stock Purchase Agreement dated January 23, 2022,
the Sixth Amendment to Stock Purchase Agreement dated February 25, 2022 and the Seventh Amendment to Stock Purchase Agreement dated March
22, 2022 (collectively, “Stock Purchase Agreement”).

 

WHEREAS, Seller,
UAV, Purchaser and UAV Property Company wish to amend the Stock Purchase Agreement by mutual written consent, based on the completion
of the Purchaser’s IPO on April 14, 2022, the payment of $6,500,000 in cash from the Purchaser to the Seller and the issuance of
1,000,000 shares at the $6.00 IPO price to the Purchaser’s stock transfer firm, Vstock on April 18, 2022, to be released to the
Seller as per the underwriter’s lock up agreement (Appendix A), and pending the outstanding requirement from WSCUC for the purchase
price to be paid in full for the closing to be completed.

 

NOW THEREFORE, in
consideration of the foregoing recitals and the mutual representations, warranties, covenants and premises contained herein, the adequacy
and sufficiency of which are hereby acknowledged, the parties to this Amendment, intending to be legally bound, agree as follows:

 

 1.           The above Recitals are incorporated as if fully set forth herein.

 

2.           
All capitalized terms used herein, but not otherwise defined, shall have the meaning ascribed to them in the Stock Purchase Agreement.

 

3.           
The Stock Purchase Agreement is hereby amended by mutual written consent of the undersigned parties pursuant to Section 11.11 of
the Stock Purchase Agreement as follows:

 

		a.	Section 1.4(b)(i)(B) is amended by changing the date of “March 31, 2022” to “December
31, 2022”;

 

		b.	Section 4.4(a) is amended by changing the date of “March 31, 2022” to “December 31,
2022”;

 

		c.	Section 7.7 is amended by changing the date of “March 31, 2022” to “December 31, 2022”;

 

		d.	Section 9.1(b) is amended by changing the date of “March 31, 2022” to “December 31,
2022”; and

 

		e.	Section 9.2(b) is amended by changing the date of “March 31, 2022” to “December 31,
2022”.

 

     

     

    

 

4.           The Stock Purchase Agreement is hereby
amended by mutual written consent of the undersigned parties pursuant to Section 11.11 of the Stock Purchase Agreement as follows:

 

		a.	Section 1.3 is replaced in its entirety with the following:

 

		 	“Subject to the satisfaction or due waiver of the conditions
set forth in Sections 7 and 8 (other than those conditions which are to be satisfied at the Closing, but subject to the satisfaction
or waiver of those conditions), the consummation of the Stock Purchase (the “Closing”) shall take place by means of
a virtual closing through electronic exchange of signatures at 10:00 a.m. on a mutually agreed date between the two parties at a time
when the Closing Cash Consideration is available. The date on which the Closing takes place is the “Closing Date”.
The Closing will be deemed to have occurred at 12:00 a.m. on the Closing Date.”

 

		b.	Section 9.2(b) is amended and restated in its entirety as follows:

 

		 	“(b) Termination Extension. Notwithstanding any other provision
to the contrary, if by December 31, 2022, the Closing has not occurred, then either party may send a Termination Notice. If neither party
sends a Termination Notice, the parties may negotiate a mutually agreeable extension of the Closing Date, provided either party may send
a Termination Notice at any time during such negotiations. If the termination is based solely on the failure to close by April 30, 2022,
then each party’s sole remedy will be the receipt if its respective portion of the Escrow Deposit per Section 9.3(c).”

 

		c.	Exhibit A is amended by:

 

i. Replacing the
definition of “Adjusted Transaction Consideration Amount” in its entirety with the following:

 

“Adjusted Transaction Consideration
Amount” means an amount equal to the Transaction Consideration Amount, minus $6,000,000.00 for the Closing Stock Consideration,
minus $500,000.00 for the Escrow Deposit released to Seller, minus $6,500,000.00 for the part-payment released to Seller,
minus 1,000,000 shares released to Vstock under the Seller’s name, to be released to the seller as per the terms of the underwriter’s
lock up agreement, and as may be adjusted as set forth in the Closing Consideration Spreadsheet.

 

ii. Replacing the definition of “Closing
Cash Consideration” in its entirety with the following:

 

“Closing Cash Consideration”
means the balance payment required such that the Closing Cash Consideration together with all payments made by the Purchaser to the Seller
from the Escrow Deposit and part-payments amounts to a total of Twenty-Four Million and No 100/00 U.S. Dollars ($24,000,000.00) in cash.

 

     

     

    

  

iii. Replacing the definition of “Closing
Cash Consideration” in its entirety with the following:

 

“Closing Stock
Consideration” means the 1,000,000 shares iń “restricted” ́common
shares of the Purchaser that had a value of $6,000,000 at the time of the IPO based on the IPO price of $6.00 per share, and that
have been deposited by the Purchaser with their stock transfer firm, Vstock, under the Sellers’ name, subject to the
underwriters’ lock up agreement and with the same trading restrictions granted by Roger Hamilton or his affiliates on any
listed shares.

 

5.          
This Amendment will become effective as of the date first written above (the “Effective Date”). Except as set
specifically forth herein, all other terms and conditions of the Stock Purchase Agreement remain in full force and effect; provided,
however, that all terms and conditions of the Stock Purchase Agreement that are reasonably intended to be modified by this Amendment
shall be construed in accordance with the intent of this Amendment. On and after the Effective Date, each reference in the Stock
Purchase Agreement to “this Agreement,” “the Agreement,” “hereunder,” “hereof,”
“herein,” or words of like import, and each reference to the Stock Purchase Agreement in any other agreements,
documents, or instruments executed and delivered pursuant to, or in connection with, the Stock Purchase Agreement will mean and be a
reference to the Stock Purchase Agreement as amended by this Amendment.

 

[Remainder of page intentionally left blank.]

 

     

     

    

  

The
parties hereby have caused this Amendment to be executed and delivered as of the Effective Date.

 

	 	By:	/s/
    Sandra Johnson
	 	 	Sandra Johnson
	 	
	 	By:	/s/ Marco Johnson
	 	 	Marco Johnson
	 	 
	 	University of Antelope Valley,
    Inc., 

    a California corporation
	 	 
	 	By:	/s/ Marco Johnson
	 	Name: Marco Johnson
	 	Title: President and Chief Executive
    Officer
	 	 
	 	University of Antelope Valley,
    LLC

    a California limited liability company
	 	
	 	By:	/s/ Marco Johnson
	 	Name: Marco Johnson
	 	Title: President and Chief Executive
    Officer
	 	 
	 	Genius Group Limited,
    

    a Singapore corporation
	 	 
	 	By:	/s/ Roger Hamilton
	 	Name: Roger Hamilton
	 	Title: Founder and Director

 

     

     

    

 

APPENDIX A

 

Lock-up Agreement

 

April 18, 2022

 

Boustead Securities, LLC

6 Venture, Suite 395

Irvine, CA 92618

 

Re: Proposed Public Offering by Genius Group Limited

 

Ladies and Gentlemen:

 

The undersigned,
a stockholder, director or officer of Genius Group Limited, a public limited company incorporated in the Republic of Singapore (the “Company”),
understands that Boustead Securities, LLC (the “Underwriter”) will act as an underwriter to carry out an offering (the
“Offering”) of the Company’s ordinary shares, no par value (the “Ordinary Shares”). In recognition
of the benefit that the Offering will confer upon the undersigned, and for other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the undersigned agrees with the Underwriter that, without the prior written consent of the Underwriter,
during a period of up to 12 months from the date on which the trading of the Ordinary Shares on the Exchange (as defined in the Underwriting
Agreement between the Company and the Underwriter to be entered into on the date of the Offering) commences (the “Lock-Up Period”),
the undersigned will not, without the prior written consent of the Underwriter, directly or indirectly (i) offer, pledge, sell, contract
to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase
or otherwise transfer or dispose of any securities of the Company (including the issuance of Ordinary Shares upon the exercise of options,
but excluding any securities registered under the Securities Act of 1933, as amended, in connection with the Company’s initial public
offering) (collectively, the “Lock-Up Securities”), whether now owned or hereafter acquired by the undersigned or with
respect to which the undersigned has or hereafter acquires the power of disposition, or file, or cause to be filed, any registration statement
under the Securities Act of 1933, as amended, with respect to any of the foregoing or (ii) enter into any swap or any other agreement
or any transaction that transfers, in whole or in part, directly or indirectly, the economic consequence of ownership of the Lock-Up Securities,
whether any such swap or transaction described in clause (i) or (ii) above is to be settled by delivery of the Lock-Up Securities or such
other securities, in cash or otherwise.

 

Notwithstanding the
foregoing, and subject to the conditions below, the undersigned may transfer the Lock-Up Securities without the prior written consent
of the Underwriter:

 

(I)       [Reserved]

 

(II)       [Reserved]

 

(III)       [Reserved]

 

(IV)       commencing
180 days after the date hereof,

 

		(a)	if the high bid per Ordinary Shares exceeds $7.50 for ten consecutive trading
days, with at least 100,000 Ordinary Shares traded per day, the investors may sell 33% of the Lock-Up Securities held by the undersigned
on the date hereof subject to a maximum sale on any trading day of 3% of the daily volume; 

 

		(b)	if the high bid per Ordinary Shares exceeds $10.00 for ten consecutive trading
days, with at least 100,000 Ordinary Shares traded per day, the investors may sell 66% of the Lock-Up Securities held by the undersigned
on the date hereof (which amount shall include any Lock-Up Securities sold under (IV(a)) above) subject to
a maximum sale on any trading day of 3% of the daily volume; and 

 

     

     

    

 

		(c)	if the high bid per Ordinary Shares exceeds $15.00 for ten consecutive trading
days, with at least 100,000 Ordinary Shares traded per day, the investors may sell all of the Lock-Up Securities subject
to a maximum sale on any trading day of 3% of the daily volume. 

 

(V)         
as follows, provided that (1) the Underwriter receives a signed lock-up agreement for the balance of the Lock-Up Period from each donee,
trustee or transferee, as the case may be, (2) any such transfer shall not involve a disposition for value, (3) such transfers are not
required to be reported in any public report or filing with the Securities and Exchange Commission, or otherwise and (4) the undersigned
does not otherwise voluntarily effect any public filing or report regarding such transfers:

 

		(1)	as a bona fide gift or gifts; or

 

 (2) to any trust or other entity for the direct or indirect benefit of, or wholly-owned by, the undersigned or the immediate family of the undersigned (for purposes of this lock-up agreement, “immediate family” shall mean any relationship by blood, marriage or adoption, not more remote than first cousin); or

 

(3) if the undersigned
is a corporation, partnership, limited liability company, trust or other business entity (1) transfers to another corporation, partnership,
limited liability company, trust or other business entity that is a direct or indirect affiliate (as defined in Rule 405 promulgated under
the Securities Act of 1933, as amended) of the undersigned or (2) distributions of Ordinary Shares or any security convertible into or
exercisable for Ordinary Shares to limited partners, limited liability company members or stockholders of the undersigned; or

 

 (4) if the undersigned is a trust, transfers to the beneficiary of such trust; or

 

 (5) by will, other testamentary document or intestate succession; or

 

(6)
by operation of law pursuant to a qualified domestic order or in connection with a divorces ettlement.; or

 

(7)
pursuant to a trading plan established prior to the date of this Agreement pursuant to Rule 10b5-1 of the Exchange Act.

 

The undersigned further
agrees that, prior to engaging in any transaction or taking any other action that is subject to the terms of this lock-up agreement during
the Lock-Up Period, it will give notice thereof to the Company and will not consummate such transaction or take any such action unless
it has received written confirmation from the Company that the Lock-Up Period has expired.

 

The undersigned understands
that, if the Offering shall terminate or be terminated, or does not occur prior to April 30, 2022, the undersigned shall be released from
all obligations set forth herein.

 

The undersigned also
agrees and consents to the entry of stop transfer instructions with the Company’s transfer agent and registrar against the transfer
of the Lock-Up Securities except in compliance with the foregoing restrictions.

 

The undersigned,
whether or not participating in the Offering, understands that the Underwriter is proceeding with the Offering in reliance upon this lock-up
agreement.

 

This lock-up agreement
shall be governed by and construed in accordance with the laws of the State of New York, without regard to the conflict of laws principles
thereof.

 

[Signature page follows]

 

     

     

    

 

IN WITNESS WHEREOF, the party hereto have caused this Lock-Up
Agreement to be duly executed by their respective authorized signatories as of the date first indicated above.

 

	 	By:	/s/ Marco Johnson

	 	Name:	 Marco Johnson

	 	Title:	President

	 	Address:	 2622 Shmily ct. 

Lancaster Ca
	 	 	93536
	 	 	 
	 	 	/s/ Sandra Johnson
	 	 	Sandra Johnson
	 	 	 
	 	 	CFO
	 	 	 
	 	 	Address:

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