Document:

Exhibit 10.1

 

TERRITORY
OF THE BRITISH VIRGIN ISLANDS

 

THE
BVI BUSINESS COMPANIES ACT 2004

 

MEMORANDUM
OF ASSOCIATION

 

OF

 

DT
Asia Investments Limited

 

a
company limited by shares

 

(As
adopted by a resolution of Shareholders passed at a meeting thereof on 31 March, 2016)

 

	1	NAME

 

The
name of the Company is DT Asia Investments Limited.

 

		2	STATUS

 

The
Company shall be a company limited by shares.

 

		3	REGISTERED
    OFFICE AND REGISTERED AGENT

 

	3.1	The
    first registered office of the Company is at P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin
    Islands, the office of the first registered agent.

 

	3.2	The
    first registered agent of the Company is Offshore Incorporations Limited of P.O. Box 957, Offshore Incorporations Centre,
    Road Town, Tortola, British Virgin Islands.

 

	3.3	The
    Company may change its registered office or registered agent by a Resolution of Directors or a Resolution of Members. The
    change shall take effect upon the Registrar registering a notice of change filed under section 92 of the Act.

 

		4	CAPACITY
    AND POWER

 

		4.1	The
    Company has, subject to the Act and any other British Virgin Islands legislation for the time being in force, irrespective
    of corporate benefit:

 

	 	(a)	full
    capacity to carry on or undertake any business or activity, do any act or enter into any transaction; and

 

	 	(b)	for
    the purposes of paragraph (a), full rights, powers and privileges.

 

	4.2	There
    are subject to Clause 4.1 and Regulation 23, no limitations on the business that the Company may carry on.

 

    	 	1	 

     

    

 

	5	NUMBER
    AND CLASSES OF SHARES

 

		5.1	The
    Company is authorised to issue an unlimited number of shares of no par value divided into six classes of shares as follows:

 

	 	(a)	Ordinary
    shares of no par value (Ordinary Shares);

 

	 	(b)	Class
    A preferred shares of no par value (Class A Preferred Shares);

 

	 	(c)	Class
    B preferred shares of no par value (Class B Preferred Shares);

 

	 	(d)	Class
    C preferred shares of no par value (Class C Preferred Shares);

 

	 	(e)	Class
    D preferred shares of no par value (Class D Preferred Shares); and

 

	 	(f)	Class
    E preferred shares of no par value (Class E Preferred Shares and together with the Class A Preferred Shares, the Class
    B Preferred Shares, Class C Preferred Shares and the Class D Preferred Shares being referred to as the Preferred Shares).

 

	5.2	The
    Company may at the discretion of the Board of Directors, but shall not otherwise be obliged to, issue fractional Shares or
    round up or down fractional holdings of Shares to its nearest whole number and a fractional Share (if authorised by the Board
    of Directors) may have the corresponding fractional rights, obligations and liabilities of a whole share of the same class
    or series of shares.

 

	6	DESIGNATIONS
    POWERS PREFERENCES OF SHARES

 

	6.1	Each
    Ordinary Share in the Company confers upon the Member (unless waived by such Member):

 

	 	(a)	Subject
    to Clause 11, the right to one vote at a meeting of the Members of the Company or on any Resolution of Members;

 

	 	(b)	the
    right to be redeemed on an Automatic Redemption Event in accordance with Regulation 23.2 or pursuant to either a Tender Redemption
    Offer or Redemption Offer in accordance with Regulation 23.5 or pursuant to an Amendment Redemption Event in accordance with
    Regulation 23.12;

 

	 	(c)	the
    right to an equal share with each other Ordinary Share in any dividend paid by the Company; and

 

	 	(d)	subject
    to satisfaction of and compliance with Regulation 23, the right to an equal share with each other Ordinary Share in the distribution
    of the surplus assets of the Company on its liquidation.

 

    	 	2	 

     

    

 

	6.2	The
    rights, privileges, restrictions and conditions attaching to the Preferred Shares shall be stated in this Memorandum, which
    shall be amended accordingly prior to the issue of such Preferred Shares. Such rights, privileges, restrictions and conditions
    may include:

 

	 	(a)	the
    number of shares and series constituting that class and the distinctive designation of that class;

 

	 	(b)	the
    dividend rate of the Preferred Shares of that class, if any, whether dividends shall be cumulative, and, if so, from which
    date or dates, and whether they shall be payable in preference to, or in relation to, the dividends payable on any other class
    or classes of Preferred Shares;

 

	 	(c)	whether
    that class shall have voting rights, and, if so, the terms of such voting rights;

 

	 	(d)	whether
    that class shall have conversion or exchange privileges, and, if so, the terms and conditions of such conversion or exchange,
    including provision for adjustment of the conversion or exchange rate in such events as the Board of Directors shall determine;

 

	 	(e)	whether
    or not the Preferred Shares of that class shall be redeemable, and, if so, the terms and conditions of such redemption, including
    the manner of selecting Shares for redemption if less than all Preferred Shares are to be redeemed, the date or dates upon
    or after which they shall be redeemable, and the amount per share payable in case of redemption, which amount maybe less than
    fair value and which may vary under different conditions and at different dates;

 

	 	(f)	whether
    that class shall be entitled to the benefit of a sinking fund to be applied to the purchase or redemption of Preferred Shares
    of that class, and, if so, the terms and amounts of such sinking fund;

 

	 	(g)	the
    right of the Preferred Shares of that class to the benefit of conditions and restrictions upon the creation of indebtedness
    of the Company or any subsidiary, upon the issue of any additional Preferred Shares (including additional Preferred Shares
    of such class of any other class) and upon the payment of dividends or the making of other distributions on, and the purchase,
    redemption or other acquisition or any subsidiary of any outstanding Preferred Shares of the Company;

 

	 	(h)	the
    right of the Preferred Shares of that class in the event of any voluntary or involuntary liquidation, dissolution or winding
    up of the Company and whether such rights be in preference to, or in relation to, the comparable rights or any other class
    or classes of Preferred Shares; and

 

	 	(i)	any
    other relative, participating, optional or other special rights, qualifications, limitations or restrictions of that class.

 

    	 	3	 

     

    

 

	6.3	The
    Directors may at their discretion by Resolution of Directors redeem, purchase or otherwise acquire all or any of the Shares
    in the Company subject to Regulation 6 and Regulation 23 of the Articles.

 

	6.4	The
    Directors have the authority and the power by Resolution of Directors:

 

	 	(a)	to
    authorise and create additional classes of shares; and

 

	 	(b)	(subject
    to the provisions of Clause 6.2) to fix the designations, powers, preferences, rights, qualifications, limitations
    and restrictions, if any, appertaining to any and all classes of shares that may be authorised to be issued under this Memorandum.

 

	7	VARIATION
    OF RIGHTS

 

	7.1	Prior
    to a Business Combination and subject always to the limitations set out in Clause 11, the rights attached to Shares as specified
    in Clause 6 may only, whether or not the Company is being wound up, be varied by a resolution passed at a meeting by the holders
    of at least sixty-five percent (65%) of the total number of Shares of that class that have voted (and are entitled to vote
    thereon) in relation to any such resolution, unless otherwise provided by the terms of issue of such class.

 

	7.2	Notwithstanding
    Clause 7.1, where the amendment proposed is for the purposes of approving, or in conjunction with the consummation of, or
    is intended to facilitate, a Business Combination and thereafter following the consummation of a Business Combination, the
    rights attached to Shares as specified in Clause 6 may only, whether or not the Company is being wound up, be varied by a
    resolution passed at a meeting by the holders of more than fifty percent (50%) of the Shares of that class present at a duly
    convened and constituted meeting of the Members of the Company holding shares in such class which were present at the meeting
    and voted unless otherwise provided by the terms of issue of such class, provided however that the Resolution of Members approving
    an amendment for the purposes of approving, or in conjunction with, the consummation of the Business Combination shall be
    subject to, and therefore the amendment so approved not made until immediately prior to the time at which the Business Combination
    is consummated, unless the approval is in accordance with Clause 7.1.

 

	8	RIGHTS
    NOT VARIED BY THE ISSUE OF SHARES PARI PASSU

 

The
rights conferred upon the holders of the Shares of any class issued with preferred or other rights shall not, unless otherwise
expressly provided by the terms of issue of the Shares of that class, be deemed to be varied by the creation or issue of further
Shares ranking pari passu therewith.

 

	9	REGISTERED
    SHARES

 

	9.1	The
    Company shall issue registered shares only.

 

	9.2	The
    Company is not authorised to issue bearer shares, convert registered shares to bearer shares or exchange registered shares
    for bearer shares.

 

    	 	4	 

     

    

 

	10	TRANSFER
    OF SHARES

 

A
Share may be transferred in accordance with Regulation 4 of the Articles.

 

	11	AMENDMENT
    OF MEMORANDUM AND ARTICLES

 

	11.1	The
    Company may amend its Memorandum or Articles by a Resolution of Members or by a Resolution of Directors, save that no amendment
    may be made by a Resolution of Directors:

 

	 	(a)	to
    restrict the rights or powers of the Members to amend the Memorandum or Articles;

 

	 	(b)	to
    change the percentage of Members required to pass a Resolution of Members to amend the Memorandum or Articles;

 

	 	(c)	in
    circumstances where the Memorandum or Articles cannot be amended by the Members; or

 

	 	(d)	to
    change Clauses 7 or 8, this Clause 11 or Regulation 23.

 

	11.2	Notwithstanding
    Clause 11.1, no amendment may be made to the Memorandum or Articles by a Resolution of Members to amend:

 

	 	(a)	Regulation
    23 prior to the Business Combination, unless the amendment proposed is for the purposes of approving, or is in conjunction
    with the consummation of, or is intended to facilitate, a Business Combination, provided always that (i) the amendment does
    not alter the Company's obligation to pay or to offer to pay the Per-Share Redemption Price to any holder of the Public Shares
    or the timing of this payment without the consent of that holder and (ii) the Resolution of Members approving such amendment
    shall be subject to, and therefore the amendment so approved not made until immediately prior to the time at which the Business
    Combination is consummated, unless the approval is in accordance with Clause 7.1; or
	 	 	 
	 	(b)	Regulation
    9.1(b) during the Target Business Acquisition Period.

 

Pursuant
to Section 12(2)(c) of the Act, this Clause 11.2 may not be amended prior to the consummation of the Business Combination, unless
the amendment proposed is for the purposes of approving, or in conjunction with the consummation of, or is intended to facilitate,
a Business Combination.

 

	12	DEFINITIONS
    AND INTERPRETATION

 

	12.1	In
    this Memorandum of Association and the attached Articles of Association, if not inconsistent with the subject or context:

 

	 	(a)	Act
    means the BVI Business Companies Act, 2004 and includes the regulations made under the Act;

 

	 	(b)	AGM
    means an annual general meeting of the Members;

 

	 	(c)	Amendment
    has the meaning ascribed to it in Regulation 23.12;

 

	 	(d)	Amendment
    Redemption Event has the meaning ascribed to it in Regulation 23.12;

 

	 	(e)	Approved
    Amendment has the meaning ascribed to it in Regulation 23.12;

 

	 	(f)	Articles
    means the attached Articles of Association of the Company;

 

	 	(g)	Automatic
    Redemption Event shall have the meaning given to it in Regulation 23.2;

 

	 	(h)	Board
    of Directors means the board of directors of the Company;

 

	 	(i)	Business
    Combination shall mean the initial acquisition by the Company, whether through a merger, share reconstruction or amalgamation,
    asset or share acquisition, exchangeable share transaction, contractual control arrangement or other similar type of transaction,
    with a Target Business at Fair Value;

 

	 	(j)	Business
    Combination Articles means Regulation 23 relating to the Company's obligations regarding the consummation of a Business
    Combination;

 

	 	(k)	Business
    Days means a day other than a Saturday or Sunday or any other day on which commercial banks in New York are required or
    are authorised to be closed for business;

 

	 	(l)	Chairman
    means a person who is appointed as chairman to preside at a meeting of the Company and Chairman of the Board means
    a person who is appointed as chairman to preside at a meeting of the Board of Directors of the Company, in each case, in accordance
    with the Articles;

 

	 	(m)	Class
    A Preferred Shares has the meaning ascribed to it in Clause 5.1;

 

    	 	5	 

     

    

 

	 	(n)	Class
    B Preferred Shares has the meaning ascribed to it in Clause 5.1;

 

	 	(o)	Class
    C Preferred Shares has the meaning ascribed to it in Clause 5.1;

 

	 	(p)	Class
    D Preferred Shares has the meaning ascribed to it in Clause 5.1;

 

	 	(q)	Class
    E Preferred Shares has the meaning ascribed to it in Clause 5.1;

 

	 	(r)	Class
    I Directors has the meaning ascribed to it in Regulation 9.1(b);

 

	 	(s)	Class
    II Directors has the meaning ascribed to it in Regulation 9.1(b);

 

	 	(t)	Class
    III Directors has the meaning ascribed to it in Regulation 9.1(b);

 

	 	(u)	Designated
    Stock Exchange means the Over-the-Counter Bulletin Board, the Global Select System, Global System or the Capital Market
    of the Nasdaq Stock Market LLC., the NYSE MKT or the New York Stock Exchange, as applicable; provided, however, that until
    the Shares are listed on any such Designated Stock Exchange, the rules of such Designated Stock Exchange shall be inapplicable
    to the Company and this Memorandum or the Articles;

 

	 	(v)	Director
    means any director of the Company, from time to time;

 

	 	(w)	Distribution
    in relation to a distribution by the Company means the direct or indirect transfer of an asset, other than Shares, to
    or for the benefit of a Member in relation to Shares held by a Member, and whether by means of a purchase of an asset, the
    redemption or other acquisition of Shares, a distribution of indebtedness or otherwise, and includes a dividend;

 

	 	(x)	Eligible
    Person means individuals, corporations, trusts, the estates of deceased individuals, partnerships and unincorporated associations
    of persons;

 

	 	(y)	Enterprise
    means the Company and any other corporation, constituent corporation (including any constituent of a constituent) absorbed
    in a consolidation or merger to which the Company (or any of its wholly owned subsidiaries) is a party, limited liability
    company, partnership, joint venture, trust, employee benefit plan or other enterprise of which an Indemnitee is or was serving
    at the request of the Company as a Director, Officer, trustee, general partner, managing member, fiduciary, employee or agent;

 

	 	(z)	Exchange
    Act means the United States Securities Exchange Act of 1934, as amended;

 

	 	(aa)	Expenses
    shall include all direct and indirect costs, fees and expenses of any type or nature whatsoever, including, without limitation,
    all legal fees and costs, retainers, court costs, transcript costs, fees of experts, witness fees, travel expenses, fees of
    private investigators and professional advisors, duplicating costs, printing and binding costs, telephone charges, postage,
    delivery service fees, fax transmission charges, secretarial services and all other disbursements, obligations or expenses,
    in each case reasonably incurred in connection with prosecuting, defending, preparing to prosecute or defend, investigating,
    being or preparing to be a witness in, settlement or appeal of, or otherwise participating in, a Proceeding, including reasonable
    compensation for time spent by the Indemnitee for which he or she is not otherwise compensated by the Company or any third
    party. Expenses shall also include any or all of the foregoing expenses incurred in connection with all judgments, liabilities,
    fines, penalties and amounts paid in settlement (including all interest, assessments and other charges paid or payable in
    connection with or in respect of such Expenses, judgments, fines, penalties and amounts paid in settlement) actually and reasonably
    incurred (whether by an Indemnitee, or on his behalf) in connection with such Proceeding or any claim, issue or matter therein,
    or any appeal resulting from any Proceeding, including without limitation the principal, premium, security for, and other
    costs relating to any cost bond, supersedeas bond, or other appeal bond or its equivalent, but shall not include amounts paid
    in settlement by an Indemnitee or the amount of judgments or fines against an Indemnitee;

 

    	 	6	 

     

    

 

	 	(bb)	Fair
    Value shall mean a value at least equal to 80% of the balance in the Trust Account at the time of the execution of a definitive
    agreement for a Business Combination;

 

	 	(cc)	FINRA
    means the Financial Industry Regulatory Authority of the United States;

 

	 	(dd)	Initial
    Shareholder means the Sponsor and the Officers and Directors who hold the Shares prior to the IPO;

 

	 	(ee)	Indemnitee
    means any person detailed in sub regulations (a) and (b) of Regulation 15.

 

	 	(ff)	Insider
    means any Officer, Director or pre-IPO shareholder (and their respective affiliates);

 

	 	(gg)	IPO
    means the initial public offering of securities and rights to receive or subscribe for securities of the Company;

 

	 	(hh)	Member
    means an Eligible Person whose name is entered in the share register of the Company as the holder of one or more Shares
    or fractional Shares;

 

	 	(ii)	Memorandum
    means this Memorandum of Association of the Company;

 

	 	(jj)	Officer
    means any officer of the Company, from time to time;

 

	 	(kk)	Ordinary
    Shares has the meaning ascribed to it in Clause 5.1;

 

	 	(ll)	Per-Share
    Redemption Price means:

 

	 	(i)	with
    respect to an Automatic Redemption Event, the aggregate amount on deposit in the Trust Account (less up to US$50,000 of the
    net interest earned thereon to pay dissolution expenses) divided by the number of then outstanding Public Shares;

 

	 	(ii)	with
    respect to an Amendment Redemption Event, the aggregate amount on deposit in the Trust Account divided by the number of then
    outstanding Public Shares; and

 

    	 	7	 

     

    

 

	 	(iii)	with
    respect to either a Tender Redemption Offer or a Redemption Offer, the aggregate amount then on deposit in the Trust Account
    on the date that is two Business Days prior to the consummation of the Business Combination including interest but net of
    taxes payable or amounts released to the Company for working capital purposes, divided by the number of then outstanding Public
    Shares;

 

	 	(mm)	Proceeding
    means any threatened, pending or completed action, suit, arbitration, mediation, alternate dispute resolution mechanism,
    investigation, inquiry, administrative hearing or any other actual, threatened or completed proceeding, whether brought in
    the name of the Company or otherwise and whether of a civil (including intentional or unintentional tort claims), criminal,
    administrative or investigative nature, in which an Indemnitee was, is, will or might be involved as a party or otherwise
    by reason of the fact that such Indemnitee is or was a Director or Officer of the Company, by reason of any action (or failure
    to act) taken by him or of any action (or failure to act) on his part while acting as a Director, Officer, employee or adviser
    of the Company, or by reason of the fact that he is or was serving at the request of the Company as a Director, Officer, trustee,
    general partner, managing member, fiduciary, employee, adviser or agent of any other Enterprise, in each case whether or not
    serving in such capacity at the time any liability or expense is incurred for which indemnification, reimbursement, or advancement
    of expenses can be provided under these Articles;

 

	 	(nn)	Public
    Shares has the meaning ascribed to it in Regulation 23.5(a);

 

	 	(oo)	Preferred
    Shares has the meaning ascribed to it in Clause 5.1;

 

	 	(pp)	Redemption
    Offer has the meaning ascribed to it in Regulation 23.5(b);

 

	 	(qq)	Registration
    Statement has the meaning ascribed to it in Regulation 23.10;

 

	 	(rr)	relevant
    system means a relevant system for the holding and transfer of shares in uncertificated form;

 

	 	(ss)	Resolution
    of Directors means either:

 

	 	(i)	Subject
    to sub-paragraph (ii) below, a resolution approved at a duly convened and constituted meeting of Directors of the Company
    or of a committee of Directors of the Company by the affirmative vote of a majority of the Directors present at the meeting
    who voted except that where a Director is given more than one vote, he shall be counted by the number of votes he casts for
    the purpose of establishing a majority; or

 

	 	(ii)	a
    resolution consented to in writing by all Directors or by all members of a committee of Directors of the Company, as the case
    may be;

 

    	 	8	 

     

    

 

	 	(tt)	Resolution
    of Members means:

 

	 	(i)	prior
    to the consummation of a Business Combination (but excluding any Resolution of Members in relation to approval of a Business
    Combination pursuant to Regulation 23.4), a resolution approved at a duly convened and constituted meeting of the Members
    of the Company by the affirmative vote of the holders of at least sixty-five percent (65%) of the votes of the Shares entitled
    to vote thereon which were present at the meeting and were voted; or

 

	 	(ii)	following
    the consummation of a Business Combination or in relation to any Resolution of Members that may be proposed for the purpose
    of approving, or in conjunction with the consummation of, a Business Combination pursuant to Regulation 23.4, a resolution
    approved at a duly convened and constituted meeting of the Members of the Company by the affirmative vote of a majority of
    the votes of the Shares entitled to vote thereon which were present at the meeting and were voted;

 

	 	(uu)	Seal
    means any seal which has been duly adopted as the common seal of the Company;

 

	 	(vv)	SEC
    means the United States Securities and Exchange Commission;

 

	 	(ww)	Securities
    means Shares and debt obligations of every kind of the Company, and including without limitation options, warrants and
    rights to acquire shares or debt obligations;

 

	 	(xx)	Securities
    Act means the United States Securities Act of 1933, as amended;

 

	 	(yy)	Share
    means a share issued or to be issued by the Company and Shares shall be construed accordingly;

 

	 	(zz)	Sponsor
    means DeTiger Holdings Limited;

 

	 	(aaa)	Target
    Business means any businesses or entity with whom the Company wishes to undertake a Business Combination;

 

	 	(bbb)	Target
    Business Acquisition Period shall mean the period commencing from the effectiveness of the registration statement filed
    with the SEC in connection with the Company's IPO up to and including the first to occur of (i) a Business Combination; or
    (ii) the Termination Date.

 

	 	(ccc)	Tender
    Redemption Offer has the meaning ascribed to it in Regulation 23.5(a);

 

	 	(ddd)	Termination
    Date has the meaning given to it in Regulation 23.2;

 

    	 	9	 

     

    

 

	 	(eee)	Treasury
    Share means a Share that was previously issued but was repurchased, redeemed or otherwise acquired by the Company and
    not cancelled; and

 

	 	(fff)	Trust
    Account shall mean the trust account established by the Company at the consummation of the IPO and into which a certain
    amount of the IPO proceeds and proceeds from a simultaneous private placement of like securities and rights by the Company
    are deposited, as may be reduced from time to time for amounts reserved for operating expenses; and

 

	 	(ggg)	written
    or any term of like import includes information generated, sent, received or stored by electronic, electrical, digital,
    magnetic, optical, electromagnetic, biometric or photonic means, including electronic data interchange, electronic mail, telegram,
    telex or telecopy, and "in writing" shall be construed accordingly.

 

	12.2	In
    the Memorandum and the Articles, unless the context otherwise requires a reference to:

 

	 	(a)	a
    Regulation is a reference to a regulation of the Articles;

 

	 	(b)	a
    Clause is a reference to a clause of the Memorandum;

 

	 	(c)	voting
    by Member is a reference to the casting of the votes attached to the Shares held by the Member voting;

 

	 	(d)	the
    Act, the Memorandum or the Articles is a reference to the Act or those documents as amended; and

 

	 	(e)	the
    singular includes the plural and vice versa.

 

	 	12.3	Any
    words or expressions defined in the Act unless the context otherwise requires bear the same meaning in the Memorandum and
    Articles unless otherwise defined herein.

 

	 	12.4	Headings
    are inserted for convenience only and shall be disregarded in interpreting the Memorandum and Articles.

 

    	 	10	 

     

    

 

We,
Offshore Incorporations Limited of P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands, for
the purpose of incorporating a BVI business company under the laws of the British Virgin Islands hereby sign this Memorandum of
Association.

 

Dated:
8th day of April, 2014

 

Incorporator

 

.......................................

 

(Sd.)
Rexella D. Hodge

 

Authorised
Signatory

 

OFFSHORE
INCORPORATIONS LIMITED

 

    	 	11	 

     

    

 

TERRITORY
OF THE BRITISH VIRGIN ISLANDS

 

THE
BVI BUSINESS COMPANIES ACT 2004

 

ARTICLES
OF ASSOCIATION

 

OF

 

DT
Asia Investments Limited

 

a
company limited by shares

 

(As
adopted by a resolution of Shareholders passed at a meeting thereof on 31 March, 2016)

 

 

	1	REGISTERED
    SHARES

 

	1.1	Every
    Member is entitled to a certificate signed by a Director of the Company or under the Seal specifying the number of Shares
    held by him and the signature of the Director and the Seal may be facsimiles.

 

	1.2	Any
    Member receiving a certificate shall indemnify and hold the Company and its Directors and Officers harmless from any loss
    or liability which it or they may incur by reason of any wrongful or fraudulent use or representation made by any person by
    virtue of the possession thereof. If a certificate for Shares is worn out or lost it may be renewed on production of the worn
    out certificate or on satisfactory proof of its loss together with such indemnity as may be required by a Resolution of Directors.

 

	1.3	If
    several Eligible Persons are registered as joint holders of any Shares, any one of such Eligible Persons may give an effectual
    receipt for any Distribution.

 

	1.4	Nothing
    in these Articles shall require title to any Shares or other Securities to be evidenced by a certificate if the Act and the
    rules of the Designated Stock Exchange permit otherwise.

 

	1.5	Subject
    to the Act and the rules of the Designated Stock Exchange, the Board of Directors without further consultation with the holders
    of any Shares or Securities may resolve that any class or series of Shares or other Securities in issue or to be issued from
    time to time may be issued, registered or converted to uncertificated form and the practices instituted by the operator of
    the relevant system. No provision of these Articles will apply to any uncertificated shares or Securities to the extent that
    they are inconsistent with the holding of such shares or securities in uncertificated form or the transfer of title to any
    such shares or securities by means of a relevant system.

 

	1.6	Conversion
    of Shares held in certificated form into Shares held in uncertificated form, and vice versa, may be made in such manner as
    the Board of Directors, in its absolute discretion, may think fit (subject always to the requirements of the relevant system
    concerned). The Company or any duly authorised transfer agent shall enter on the register of members how many Shares are held
    by each member in uncertificated form and certificated form and shall maintain the register of members in each case as is
    required by the relevant system concerned. Notwithstanding any provision of these Articles, a class or series of Shares shall
    not be treated as two classes by virtue only of that class or series comprising both certificated shares and uncertificated
    shares or as a result of any provision of these Articles which applies only in respect of certificated shares or uncertificated
    shares.

 

    	 	12	 

     

    

 

	1.7	Nothing
    contained in Regulation 1.5 and 1.6 is meant to prohibit the Shares from being able to trade electronically. For the avoidance
    of doubt, Shares shall only be traded and transferred electronically upon consummation of the IPO.

 

	2	SHARES

 

	2.1	Subject
    to the provisions of these Articles and, where applicable, the rules of the Designated Stock Exchange, the unissued Shares
    of the Company shall be at the disposal of the Directors and Shares and other Securities may be issued and option to acquire
    Shares or other Securities may be granted at such times, to such Eligible Persons, for such consideration and on such terms
    as the Directors may by Resolution of Directors determine.

 

	2.2	Without
    prejudice to any special rights previously conferred on the holders of any existing Preferred Shares or class of Preferred
    Shares, any class of Preferred Shares may be issued with such preferred, deferred or other special rights or such restrictions,
    whether in regard to dividend, voting or otherwise as the Directors may from time to time determine.

 

	2.3	Section
    46 of the Act does not apply to the Company.

 

	2.4	A
    Share may be issued for consideration in any form, including money, a promissory note, real property, personal property (including
    goodwill and know-how) or a contract for future services.

 

	2.5	No
    Shares may be issued for a consideration other than money, unless a Resolution of Directors has been passed stating:

 

	 	(a)	the
    amount to be credited for the issue of the Shares;

 

	 	(b)	their
    determination of the reasonable present cash value of the non-money consideration for the issue; and

 

	 	(c)	that,
    in their opinion, the present cash value of the non-money consideration for the issue is not less than the amount to be credited
    for the issue of the Shares.

 

	2.6	The
    Company shall keep a register (the share register) containing:

 

	 	(a)	the
    names and addresses of the persons who hold Shares;

 

	 	(b)	the
    number of each class and series of Shares held by each Member;

 

	 	(c)	the
    date on which the name of each Member was entered in the share register; and

 

	 	(d)	the
    date on which any Eligible Person ceased to be a Member.

 

    	 	13	 

     

    

 

	2.7	The
    share register may be in any such form as the Directors may approve, but if it is in magnetic, electronic or other data storage
    form, the Company must be able to produce legible evidence of its contents. Until the Directors otherwise determine, the magnetic,
    electronic or other data storage form shall be the original share register.

 

	2.8	A
    Share is deemed to be issued when the name of the Member is entered in the share register.

 

	2.9	Subject
    to the provisions of the Act and the Business Combination Articles, Shares may be issued on the terms that they are redeemable,
    or at the option of the Company be liable to be redeemed on such terms and in such manner as the Directors before or at the
    time of the issue of such Shares may determine. The Directors may issue options, warrants or convertible securities or securities
    or a similar nature conferring the right upon the holders thereof to subscribe for, purchase or receive any class of Shares
    or Securities on such terms as the Directors may from time to time determine. Notwithstanding the foregoing, the Directors
    may also issue options, warrants, other rights to acquire shares or convertible securities in connection with the Company's
    IPO.

 

	3	FORFEITURE

 

	3.1	Shares
    that are not fully paid on issue are subject to the forfeiture provisions set forth in this Regulation and for this purpose
    Shares issued for a promissory note or a contract for future services are deemed to be not fully paid.

 

	3.2	A
    written notice of call specifying the date for payment to be made shall be served on the Member who defaults in making payment
    in respect of the Shares.

 

	3.3	The
    written notice of call referred to in Regulation 3.2 shall name a further date not earlier than the expiration of 14 days
    from the date of service of the notice on or before which the payment required by the notice is to be made and shall contain
    a statement that in the event of non-payment at or before the time named in the notice the Shares, or any of them, in respect
    of which payment is not made will be liable to be forfeited.

 

	3.4	Where
    a written notice of call has been issued pursuant to Regulation 3.2 and the requirements of the notice have not been complied
    with, the Directors may, at any time before tender of payment, forfeit and cancel the Shares to which the notice relates.

 

	3.5	The
    Company is under no obligation to refund any moneys to the Member whose Shares have been cancelled pursuant to Regulation
    3.4 and that Member shall be discharged from any further obligation to the Company.

 

	4	TRANSFER
    OF SHARES

 

	4.1	Subject
    to the Memorandum, certificated shares may be transferred by a written instrument of transfer signed by the transferor and
    containing the name and address of the transferee, which shall be sent to the Company for registration. A member shall be
    entitled to transfer uncertificated shares by means of a relevant system and the operator of the relevant system shall act
    as agent of the Members for the purposes of the transfer of such uncertificated shares.

 

    	 	14	 

     

    

 

	4.2	The
    transfer of a Share is effective when the name of the transferee is entered on the share register.

 

	4.3	If
    the Directors of the Company are satisfied that an instrument of transfer relating to Shares has been signed but that the
    instrument has been lost or destroyed, they may resolve by Resolution of Directors:

 

	 	(a)	to
    accept such evidence of the transfer of Shares as they consider appropriate; and

 

	 	(b)	that
    the transferee's name should be entered in the share register notwithstanding the absence of the instrument of transfer.

 

	4.4	Subject
    to the Memorandum, the personal representative of a deceased Member may transfer a Share even though the personal representative
    is not a Member at the time of the transfer.

 

	5	DISTRIBUTIONS

 

	5.1	Subject
    to the Business Combination Articles, the Directors of the Company may, by Resolution of Directors, authorise a distribution
    at a time and of an amount they think fit if they are satisfied, on reasonable grounds, that, immediately after the distribution,
    the value of the Company's assets will exceed its liabilities and the Company will be able to pay its debts as and when they
    fall due.

 

	5.2	Dividends
    may be paid in money, shares, or other property.

 

	5.3	The
    Company may, by Resolution of Directors, from time to time pay to the Members such interim dividends as appear to the Directors
    to be justified by the profits of the Company, provided always that they are satisfied, on reasonable grounds, that, immediately
    after the distribution, the value of the Company's assets will exceed its liabilities and the Company will be able to pay
    its debts as and when they fall due.

 

	5.4	Notice
    in writing of any dividend that may have been declared shall be given to each Member in accordance with Regulation 21 and
    all dividends unclaimed for three years after such notice has been given to a Member may be forfeited by Resolution of Directors
    for the benefit of the Company.

 

	5.5	No
    dividend shall bear interest as against the Company.

 

	6	REDEMPTION
    OF SHARES AND TREASURY SHARES

 

	6.1	The
    Company may purchase, redeem or otherwise acquire and hold its own Shares save that the Company may not purchase, redeem or
    otherwise acquire its own Shares without the consent of the Member whose Shares are to be purchased, redeemed or otherwise
    acquired unless the Company is permitted by the Act or any other provision in the Memorandum or Articles to purchase, redeem
    or otherwise acquire the Shares without such consent.

 

    	 	15	 

     

    

 

	6.2	The
    purchase, redemption or other acquisition by the Company of its own Shares is deemed not to be a distribution where:

 

	 	(a)	the
    Company purchases, redeems or otherwise acquires the Shares pursuant to a right of a Member to have his Shares redeemed or
    to have his shares exchanged for money or other property of the Company, or

 

	 	(b)	the
    Company purchases, redeems or otherwise acquires the Shares by virtue of the provisions of section 179 of the Act.

 

	6.3	Sections
    60, 61 and 62 of the Act shall not apply to the Company.

 

	6.4	Subject
    to the provisions of Regulation 23, shares that the Company purchases, redeems or otherwise acquires pursuant to this Regulation
    may be cancelled or held as Treasury Shares except to the extent that such Shares are in excess of 50 percent of the issued
    Shares in which case they shall be cancelled but they shall be available for reissue.

 

	6.5	All
    rights and obligations attaching to a Treasury Share are suspended and shall not be exercised by the Company while it holds
    the Share as a Treasury Share.

 

	6.6	Treasury
    Shares may be disposed of by the Company on such terms and conditions (not otherwise inconsistent with the Memorandum and
    Articles) as the Company may by Resolution of Directors determine.

 

	6.7	Where
    Shares are held by another body corporate of which the Company holds, directly or indirectly, shares having more than 50 per
    cent of the votes in the election of Directors of the other body corporate, all rights and obligations attaching to the Shares
    held by the other body corporate are suspended and shall not be exercised by the other body corporate.

 

	7	MORTGAGES
    AND CHARGES OF SHARES

 

	7.1	A
    Member may by an instrument in writing mortgage or charge his Shares.

 

	7.2	There
    shall be entered in the share register at the written request of the Member:

 

	 	(a)	a
    statement that the Shares held by him are mortgaged or charged;

 

	 	(b)	the
    name of the mortgagee or chargee; and

 

	 	(c)	the
    date on which the particulars specified in subparagraphs (a) and (b) are entered in the share register.

 

	7.3	Where
    particulars of a mortgage or charge are entered in the share register, such particulars may be cancelled:

 

	 	(a)	with
    the written consent of the named mortgagee or chargee or anyone authorised to act on his behalf; or

 

    	 	16	 

     

    

 

	 	(b)	upon
    evidence satisfactory to the Directors of the discharge of the liability secured by the mortgage or charge and the issue of
    such indemnities as the Directors shall consider necessary or desirable.

 

	7.4	Whilst
    particulars of a mortgage or charge over Shares are entered in the share register pursuant to this Regulation:

 

	 	(a)	no
    transfer of any Share the subject of those particulars shall be effected;

 

	 	(b)	the
    Company may not purchase, redeem or otherwise acquire any such Share; and

 

	 	(c)	no
    replacement certificate shall be issued in respect of such Shares,

 

without
the written consent of the named mortgagee or chargee.

 

	8	MEETINGS
    AND CONSENTS OF MEMBERS

 

	8.1	Any
    Director of the Company may convene meetings of the Members at such times and in such manner and places within or outside
    the British Virgin Islands as the Director considers necessary or desirable. Following consummation of the Business Combination,
    an AGM shall be held annually at such date and time as may be determined by the Directors.

 

	8.2	Upon
    the written request of the Members entitled to exercise 30 percent or more of the voting rights in respect of the matter for
    which the meeting is requested the Directors shall convene a meeting of Members.

 

	8.3	The
    Director convening a meeting of Members shall give not less than 10 nor more than 60 days' written notice of such meeting
    to:

 

	 	(a)	those
    Members whose names on the date the notice is given appear as Members in the share register of the Company and are entitled
    to vote at the meeting; and

 

	 	(b)	the
    other Directors.

 

	8.4	The
    Director convening a meeting of Members shall fix in the notice of the meeting the record date for determining those Members
    that are entitled to vote at the meeting.

 

	8.5	A
    meeting of Members held in contravention of the requirement to give notice is valid if Members holding at least 90 per cent
    of the total voting rights on all the matters to be considered at the meeting have waived notice of the meeting and, for this
    purpose, the presence of a Member at the meeting shall constitute waiver in relation to all the Shares which that Member holds.

 

	8.6	The
    inadvertent failure of a Director who convenes a meeting to give notice of a meeting to a Member or another Director, or the
    fact that a Member or another Director has not received notice, does not invalidate the meeting.

 

	8.7	A
    Member may be represented at a meeting of Members by a proxy who may speak and vote on behalf of the Member.

 

    	 	17	 

     

    

 

	8.8	The
    instrument appointing a proxy shall be produced at the place designated for the meeting before the time for holding the meeting
    at which the person named in such instrument proposes to vote.

 

	8.9	The
    instrument appointing a proxy shall be in substantially the following form or such other form as the chairman of the meeting
    shall accept as properly evidencing the wishes of the Member appointing the proxy.

 

DT
Asia Investments Limited

 

I/We
being a Member of the above Company HEREBY APPOINT .............................................................................
of ...................................................................
or failing him .........................................................................................
of ................................................ to be my/our proxy to vote for me/us at the meeting of Members to be held on the ...... day of ..........................,
20...... and at any adjournment thereof.

 

(Any
restrictions on voting to be inserted here.)

 

Signed
this ...... day of .........................., 20......

 

	 	 

 

.................................

 

Member

 

	8.10	The
    following applies where Shares are jointly owned:

 

	 	(a)	if
    two or more persons hold Shares jointly each of them may be present in person or by proxy at a meeting of Members and may
    speak as a Member;

 

	 	(b)	if
    only one of the joint owners is present in person or by proxy he may vote on behalf of all joint owners; and

 

	 	(c)	if
    two or more of the joint owners are present in person or by proxy they must vote as one and in the event of disagreement between
    any of the joint owners of Shares then the vote of the joint owner whose name appears first (or earliest) in the share register
    in respect of the relevant Shares shall be recorded as the vote attributable to the Shares.

 

	8.11	A
    Member shall be deemed to be present at a meeting of Members if he participates by telephone or other electronic means and
    all Members participating in the meeting are able to hear each other.

 

	8.12	A
    meeting of Members is duly constituted if, at the commencement of the meeting, there are present in person or by proxy not
    less than 35 per cent of the votes of the Shares entitled to vote on Resolutions of Members to be considered at the meeting.
    If the Company has two or more classes of shares, a meeting may be quorate for some purposes and not for others. A quorum
    may comprise a single Member or proxy and then such person may pass a Resolution of Members and a certificate signed by such
    person accompanied where such person holds a proxy by a copy of the proxy instrument shall constitute a valid Resolution of
    Members.

 

    	 	18	 

     

    

 

	8.13	If
    within two hours from the time appointed for the meeting of Members, a quorum is not present, the meeting, at the discretion
    of the Chairman of the Board of Directors shall either be dissolved or stand adjourned to a business day in the jurisdiction
    in which the meeting was to have been held at the same time and place, and if at the adjourned meeting there are present within
    one hour from the time appointed for the meeting in person or by proxy not less than one third of the votes of the Shares
    or each class or series of Shares entitled to vote on the matters to be considered by the meeting, those present shall constitute
    a quorum but otherwise the meeting shall either be dissolved or stand further adjourned at the discretion of the Chairman
    of the Board of Directors.

 

	8.14	At
    every meeting of Members, the Chairman of the Board shall preside as chairman of the meeting. If there is no Chairman of the
    Board or if the Chairman of the Board is not present at the meeting, the Members present shall choose one of their number
    to be the chairman. If the Members are unable to choose a chairman for any reason, then the person representing the greatest
    number of voting Shares present in person or by proxy at the meeting shall preside as chairman failing which the oldest individual
    Member or representative of a Member present shall take the chair.

 

	8.15	The
    person appointed as chairman of the meeting pursuant to Regulation 8.14 may adjourn any meeting from time to time, and from
    place to place. For the avoidance of doubt, a meeting can be adjourned for as many times as may be determined to be necessary
    by the chairman and a meeting may remain open indefinitely for as long a period as may be determined by the chairman.

 

	8.16	At
    any meeting of the Members the chairman of the meeting is responsible for deciding in such manner as he considers appropriate
    whether any resolution proposed has been carried or not and the result of his decision shall be announced to the meeting and
    recorded in the minutes of the meeting. If the chairman has any doubt as to the outcome of the vote on a proposed resolution,
    he shall cause a poll to be taken of all votes cast upon such resolution. If the chairman fails to take a poll then any Member
    present in person or by proxy who disputes the announcement by the chairman of the result of any vote may immediately following
    such announcement demand that a poll be taken and the chairman shall cause a poll to be taken. If a poll is taken at any meeting,
    the result shall be announced to the meeting and recorded in the minutes of the meeting.

 

	8.17	Subject
    to the specific provisions contained in this Regulation for the appointment of representatives of Members other than individuals
    the right of any individual to speak for or represent a Member shall be determined by the law of the jurisdiction where, and
    by the documents by which, the Member is constituted or derives its existence. In case of doubt, the Directors may in good
    faith seek legal advice and unless and until a court of competent jurisdiction shall otherwise rule, the Directors may rely
    and act upon such advice without incurring any liability to any Member or the Company.

 

	8.18	Any
    Member other than an individual may by resolution of its Directors or other governing body authorise such individual as it
    thinks fit to act as its representative at any meeting of Members or of any class of Members, and the individual so authorised
    shall be entitled to exercise the same rights on behalf of the Member which he represents as that Member could exercise if
    it were an individual.

 

    	 	19	 

     

    

 

	8.19	The
    chairman of any meeting at which a vote is cast by proxy or on behalf of any Member other than an individual may at the meeting
    but not thereafter call for a notarially certified copy of such proxy or authority which shall be produced within 7 days of
    being so requested or the votes cast by such proxy or on behalf of such Member shall be disregarded.

 

	8.20	Directors
    of the Company may attend and speak at any meeting of Members and at any separate meeting of the holders of any class or series
    of Shares.

 

	8.21	Until
    the consummation of the Company's IPO, any action that may be taken by the Members at a meeting may also be taken by a Resolution
    of Members consented to in writing, without the need for any prior notice. If any Resolution of Members is adopted otherwise
    than by the unanimous written consent of all Members, a copy of such resolution shall forthwith be sent to all Members not
    consenting to such resolution. The consent may be in the form of counterparts, each counterpart being signed by one or more
    Members. If the consent is in one or more counterparts, and the counterparts bear different dates, then the resolution shall
    take effect on the earliest date upon which Eligible Persons holding a sufficient number of votes of Shares to constitute
    a Resolution of Members have consented to the resolution by signed counterparts. Following the Company's IPO, any action required
    or permitted to be taken by the Members of the Company must be effected by a meeting of the Company, such meeting to be duly
    convened and held in accordance with these Articles.

 

	9	DIRECTORS

 

	9.1	The
    first Directors of the Company shall be appointed by the first registered agent within 30 days of the incorporation of the
    Company; and thereafter, the Directors shall be elected:

 

	 	(a)	subject
    to Regulation 9.1 (b), by Resolution of Members or by Resolution of Directors for such term as the Members or Directors determine;

 

	 	(b)	immediately
    prior to the consummation of an IPO, the Directors shall pass a Resolution of Directors dividing themselves into three classes,
    being the class I directors (the Class I Directors), the class II directors (the Class II Directors) and the
    class III directors (the Class III Directors). The number of Directors in each class shall be as nearly equal as possible.
    The Class I Directors shall stand elected for a term expiring at the Company's first AGM, the Class II Directors shall stand
    elected for a term expiring at the Company's second AGM and the Class III Directors shall stand elected for a term expiring
    at the Company's third AGM. Commencing at the First AGM, and at each following AGM, Directors elected to succeed those Directors
    whose terms expire shall be elected for a term of office to expire at the third AGM following their election. Except as the
    Act or any applicable law may otherwise require, in the interim between an AGM or general meeting called for the election
    of Directors and/or the removal of one or more Directors any vacancy on the Board of Directors, may be filled by the majority
    vote of the remaining Directors.

 

    	 	20	 

     

    

 

	9.2	No
    person shall be appointed as a Director of the Company unless he has consented in writing to act as a Director.

 

	9.3	The
    minimum number of Directors shall be one and there shall be no maximum number of Directors.

 

	9.4	Each
    Director holds office for the term, if any, fixed by the Resolution of Members or Resolution of Directors appointing him,
    or until his earlier death, resignation or removal (provided that no director may be removed by a Resolution of Members prior
    to the consummation of the initial Business Combination). If no term is fixed on the appointment of a Director, the Director
    serves indefinitely until his earlier death, resignation or removal.

 

	9.5	A
    Director may be removed from office with or without cause by:

 

	 	(a)	(following
    the consummation of the initial Business Combination but not at any time before) a Resolution of Members passed at a meeting
    of Members called for the purposes of removing the Director or for purposes including the removal of the Director or by a
    written resolution passed by a least seventy five per cent of the Members of the Company entitled to vote; or

 

	 	(b)	subject
    to Regulation 9.1 (b), a Resolution of Directors passed at a meeting of Directors.

 

	9.6	A
    Director may resign his office by giving written notice of his resignation to the Company and the resignation has effect from
    the date the notice is received by the Company at the office of its registered agent or from such later date as may be specified
    in the notice. A Director shall resign forthwith as a Director if he is, or becomes, disqualified from acting as a Director
    under the Act.

 

	9.7	Subject
    to Regulation 9.1 (b), the Directors may at any time appoint any person to be a Director either to fill a vacancy or as an
    addition to the existing Directors. Where the Directors appoint a person as Director to fill a vacancy, the term shall not
    exceed the term that remained when the person who has ceased to be a Director ceased to hold office.

 

	9.8	A
    vacancy in relation to Directors occurs if a Director dies or otherwise ceases to hold office prior to the expiration of his
    term of office.

 

	9.9	The
    Company shall keep a register of Directors containing:

 

	 	(a)	the
    names and addresses of the persons who are Directors of the Company;

 

	 	(b)	the
    date on which each person whose name is entered in the register was appointed as a Director of the Company;

 

	 	(c)	the
    date on which each person named as a Director ceased to be a Director of the Company; and

 

	 	(d)	such
    other information as may be prescribed by the Act.

 

    	 	21	 

     

    

 

	9.10	The
    register of Directors may be kept in any such form as the Directors may approve, but if it is in magnetic, electronic or other
    data storage form, the Company must be able to produce legible evidence of its contents. Until a Resolution of Directors determining
    otherwise is passed, the magnetic, electronic or other data storage shall be the original register of Directors.

 

	9.11	The
    Directors, or if the Shares (or depository receipts therefore) are listed or quoted on a Designated Stock Exchange, and if
    required by the Designated Stock Exchange, any committee thereof, may, by a Resolution of Directors, fix the emoluments of
    Directors with respect to services to be rendered in any capacity to the Company.

 

	9.12	A
    Director is not required to hold a Share as a qualification to office.

 

	9.13	Prior
    to the consummation of any transaction with:

 

	 	(a)	any
    affiliate of the Company;

 

	 	(b)	any
    Member owning an interest in the voting power of the Company that gives such Member a significant influence over the Company;

 

	 	(c)	any
    Director or executive officer of the Company and any relative of such Director or executive officer; and

 

	 	(d)	any
    person in which a substantial interest in the voting power of the Company is owned, directly or indirectly, by a person referred
    to in Regulations 9.13(b) and (c) or over which such a person is able to exercise significant influence,

 

such
transaction must be approved by a majority of the members of the Board of Directors who do not have an interest in the transaction,
such directors having been provided with access (at the Company's expense) to the Company's attorney or independent legal counsel,
unless the disinterested directors determine that the terms of such transaction are no less favourable to the Company than those
that would be available to the Company with respect to such a transaction from unaffiliated third parties.

 

	10	POWERS
    OF DIRECTORS

 

	10.1	The
    business and affairs of the Company shall be managed by, or under the direction or supervision of, the Directors of the Company.
    The Directors of the Company have all the powers necessary for managing, and for directing and supervising, the business and
    affairs of the Company. The Directors may pay all expenses incurred preliminary to and in connection with the incorporation
    of the Company and may exercise all such powers of the Company as are not by the Act or by the Memorandum or the Articles
    required to be exercised by the Members.

 

	10.2	If
    the Company is the wholly owned subsidiary of a holding company, a Director of the Company may, when exercising powers or
    performing duties as a Director, act in a manner which he believes is in the best interests of the holding company even though
    it may not be in the best interests of the Company.

 

    	 	22	 

     

    

 

	10.3	If
    the Company is a subsidiary, but not a wholly owned subsidiary, of a holding company, and the shareholders other than the
    holding company agree in advance, a Director of the Company may, when exercising powers or performing duties as a Director
    in connection with the carrying out of the joint venture, act in a manner which he believes is in the best interests of a
    Member or some Members even though it may not be in the best interests of the Company.

 

	10.4	If
    the Company is carrying out a joint venture between shareholders, a Director of the Company may, when exercising powers or
    performing duties as a Director, act in a manner which he believes is in the best interests of the holding company even though
    it may not be in the best interests of the Company.

 

	10.5	Each
    Director shall exercise his powers for a proper purpose and shall not act or agree to the Company acting in a manner that
    contravenes the Memorandum, the Articles or the Act. Each Director, in exercising his powers or performing his duties, shall
    act honestly and in good faith in what the Director believes to be the best interests of the Company.

 

	10.6	Any
    Director which is a body corporate may appoint any individual as its duly authorised representative for the purpose of representing
    it at meetings of the Directors, with respect to the signing of consents or otherwise.

 

	10.7	The
    continuing Directors may act notwithstanding any vacancy in their body.

 

	10.8	Subject
    to Regulation 23.7, the Directors may by Resolution of Directors exercise all the powers of the Company to incur indebtedness,
    liabilities or obligations and to secure indebtedness, liabilities or obligations whether of the Company or of any third party,
    provided always that if the same occurs prior to the consummation of a Business Combination, the Company must first obtain
    from the lender a waiver of any right, title, interest or claim of any kind in or to any monies held in the Trust Account.

 

	10.9	All
    cheques, promissory notes, drafts, bills of exchange and other negotiable instruments and all receipts for moneys paid to
    the Company shall be signed, drawn, accepted, endorsed or otherwise executed, as the case may be, in such manner as shall
    from time to time be determined by Resolution of Directors.

 

	10.10	Section
    175 of the Act shall not apply to the Company.

 

	11	PROCEEDINGS
    OF DIRECTORS

 

	11.1	Any
    one Director of the Company may call a meeting of the Directors by sending a written notice to each other Director.

 

	11.2	The
    Directors of the Company or any committee thereof may meet at such times and in such manner and places within or outside the
    British Virgin Islands as the notice calling the meeting provides.

 

	11.3	A
    Director is deemed to be present at a meeting of Directors if he participates by telephone or other electronic means and all
    Directors participating in the meeting are able to hear each other.

 

    	 	23	 

     

    

 

	11.4	Until
    the consummation of a Business Combination, a Director may not appoint an alternate. Following the consummation of a Business
    Combination, a Director may by a written instrument appoint an alternate who need not be a Director, any such alternate shall
    be entitled to attend meeting in the absence of the Director who appointed him and to vote or consent in place of the Director
    until the appointment lapses or is terminated.

 

	11.5	A
    Director shall be given not less than three days' notice of meetings of Directors, but a meeting of Directors held without
    three days' notice having been given to all Directors shall be valid if all the Directors entitled to vote at the meeting
    who do not attend waive notice of the meeting, and for this purpose the presence of a Director at a meeting shall constitute
    waiver by that Director. The inadvertent failure to give notice of a meeting to a Director, or the fact that a Director has
    not received the notice, does not invalidate the meeting.

 

	11.6	A
    meeting of Directors is duly constituted for all purposes if at the commencement of the meeting there are present in person
    or, following the consummation of a Business Combination, by alternate not less than one-half of the total number of Directors,
    unless there are only two Directors in which case the quorum is two.

 

	11.7	If
    the Company has only one Director the provisions herein contained for meetings of Directors do not apply and such sole Director
    has full power to represent and act for the Company in all matters as are not by the Act, the Memorandum or the Articles required
    to be exercised by the Members. In lieu of minutes of a meeting the sole Director shall record in writing and sign a note
    or memorandum of all matters requiring a Resolution of Directors. Such a note or memorandum constitutes sufficient evidence
    of such resolution for all purposes.

 

	11.8	At
    meetings of Directors at which the Chairman of the Board is present, he shall preside as chairman of the meeting. If there
    is no Chairman of the Board or if the Chairman of the Board is not present, the Directors present shall choose one of their
    number to be chairman of the meeting. If the Directors are unable to choose a chairman for any reason, then the oldest individual
    Director present (and for this purpose an alternate Director shall be deemed to be the same age as the Director that he represents)
    shall take the chair.

 

	11.9	An
    action that may be taken by the Directors or a committee of Directors at a meeting may also be taken by a Resolution of Directors
    or a resolution of a committee of Directors consented to in writing by all Directors or by all members of the committee, as
    the case may be, without the need for any notice. The consent may be in the form of counterparts each counterpart being signed
    by one or more Directors. If the consent is in one or more counterparts, and the counterparts bear different dates, then the
    resolution shall take effect on the date upon which the last Director has consented to the resolution by signed counterparts.

 

	12	COMMITTEES

 

	12.1	The
    Directors may, by Resolution of Directors, designate one or more committees, each consisting of one or more Directors, and
    delegate one or more of their powers, including the power to affix the Seal, to the committee.

 

    	 	24	 

     

    

 

	12.2	The
    Directors have no power to delegate to a committee of Directors any of the following powers:

 

	 	(a)	to
    amend the Memorandum or the Articles;

 

	 	(b)	to
    designate committees of Directors;

 

	 	(c)	to
    delegate powers to a committee of Directors;

 

	 	(d)	to
    appoint Directors;

 

	 	(e)	to
    appoint an agent;

 

	 	(f)	to
    approve a plan of merger, consolidation or arrangement; or

 

	 	(g)	to
    make a declaration of solvency or to approve a liquidation plan.

 

	12.3	Regulations
    12.2(b) and (c) do not prevent a committee of Directors, where authorised by the Resolution of Directors appointing such committee
    or by a subsequent Resolution of Directors, from appointing a sub-committee and delegating powers exercisable by the committee
    to the sub-committee.

 

	12.4	The
    meetings and proceedings of each committee of Directors consisting of 2 or more Directors shall be governed mutatis mutandis
    by the provisions of the Articles regulating the proceedings of Directors so far as the same are not superseded by any provisions
    in the Resolution of Directors establishing the committee.

 

	13	OFFICERS
    AND AGENTS

 

	13.1	The
    Company may by Resolution of Directors appoint officers of the Company at such times as may be considered necessary or expedient.
    Such officers may consist of a Chairman of the Board of Directors, a Chief Executive Officer, a President, a Chief Financial
    Officer (in each case there may be more than one of such officers), one or more vice-presidents, secretaries and treasurers
    and such other officers as may from time to time be considered necessary or expedient. Any number of offices may be held by
    the same person.

 

	13.2	The
    officers shall perform such duties as are prescribed at the time of their appointment subject to any modification in such
    duties as may be prescribed thereafter by Resolution of Directors. In the absence of any specific prescription of duties it
    shall be the responsibility of the Chairman of the Board (or Co-Chairman, as the case may be) to preside at meetings of Directors
    and Members, the Chief Executive Officer (or Co-Chief Executive Officer, as the case may be) to manage the day to day affairs
    of the Company, the vice-presidents to act in order of seniority in the absence of the Chief Executive Officer (or Co-Chief
    Executive Officer, as the case may be) but otherwise to perform such duties as may be delegated to them by the Chief Executive
    Officer (or Co-Chief Executive Officer, as the case may be), the secretaries to maintain the share register, minute books
    and records (other than financial records) of the Company and to ensure compliance with all procedural requirements imposed
    on the Company by applicable law, and the treasurer to be responsible for the financial affairs of the Company.

 

	13.3	The
    emoluments of all officers shall be fixed by Resolution of Directors.

 

	13.4	The
    officers of the Company shall hold office until their death, resignation or removal. Any officer elected or appointed by the
    Directors may be removed at any time, with or without cause, by Resolution of Directors. Any vacancy occurring in any office
    of the Company may be filled by Resolution of Directors.

 

	13.5	The
    Directors may, by a Resolution of Directors, appoint any person, including a person who is a Director, to be an agent of the
    Company. An agent of the Company shall have such powers and authority of the Directors, including the power and authority
    to affix the Seal, as are set forth in the Articles or in the Resolution of Directors appointing the agent, except that no
    agent has any power or authority with respect to the matters specified in Regulation 12.1. The Resolution of Directors appointing
    an agent may authorise the agent to appoint one or more substitutes or delegates to exercise some or all of the powers conferred
    on the agent by the Company. The Directors may remove an agent appointed by the Company and may revoke or vary a power conferred
    on him.

 

	14	CONFLICT
    OF INTERESTS

 

	14.1	A
    Director of the Company shall, forthwith after becoming aware of the fact that he is interested in a transaction entered into
    or to be entered into by the Company, disclose the interest to all other Directors of the Company.

 

	14.2	For
    the purposes of Regulation 14.1, a disclosure to all other Directors to the effect that a Director is a member, Director or
    officer of another named entity or has a fiduciary relationship with respect to the entity or a named individual and is to
    be regarded as interested in any transaction which may, after the date of the entry or disclosure, be entered into with that
    entity or individual, is a sufficient disclosure of interest in relation to that transaction.

 

    	 	25	 

     

    

 

	14.3	Provided
    that the requirements of Regulation 9.13 have first been satisfied, a Director of the Company who is interested in a transaction
    entered into or to be entered into by the Company may:

 

	 	(a)	vote
    on a matter relating to the transaction;

 

	 	(b)	attend
    a meeting of Directors at which a matter relating to the transaction arises and be included among the Directors present at
    the meeting for the purposes of a quorum; and

 

	 	(c)	sign
    a document on behalf of the Company, or do any other thing in his capacity as a Director, that relates to the transaction,

 

and,
subject to compliance with the Act and these Articles shall not, by reason of his office be accountable to the Company for any
benefit which he derives from such transaction and no such transaction shall be liable to be avoided on the grounds of any such
interest or benefit.

 

	15	INDEMNIFICATION

 

	15.1	Subject
    to the limitations hereinafter provided the Company may indemnify, hold harmless and exonerate against all direct and indirect
    costs, fees and Expenses of any type or nature whatsoever, any person who:

 

	 	(a)	is
    or was a party or is threatened to be made a party to any Proceeding by reason of the fact that such person is or was a Director,
    officer, key employee, adviser of the Company or who at the request of the Company; or

 

	 	(b)	is
    or was, at the request of the Company, serving as a Director of, or in any other capacity is or was acting for, another Enterprise.

 

	15.2	The
    indemnity in Regulation 15.1 only applies if the relevant Indemnitee acted honestly and in good faith with a view to the best
    interests of the Company and, in the case of criminal proceedings, the Indemnitee had no reasonable cause to believe that
    his conduct was unlawful.

 

	15.3	The
    decision of the Directors as to whether an Indemnitee acted honestly and in good faith and with a view to the best interests
    of the Company and as to whether such Indemnitee had no reasonable cause to believe that his conduct was unlawful is, in the
    absence of fraud, sufficient for the purposes of the Articles, unless a question of law is involved.

 

	15.4	The
    termination of any Proceedings by any judgment, order, settlement, conviction or the entering of a nolle prosequi does not,
    by itself, create a presumption that the relevant Indemnitee did not act honestly and in good faith and with a view to the
    best interests of the Company or that such Indemnitee had reasonable cause to believe that his conduct was unlawful.

 

	15.5	The
    Company may purchase and maintain insurance, purchase or furnish similar protection or make other arrangements including,
    but not limited to, providing a trust fund, letter of credit, or surety bond in relation to any Indemnitee or who at the request
    of the Company is or was serving as a Director, officer or liquidator of, or in any other capacity is or was acting for, another
    Enterprise, against any liability asserted against the person and incurred by him in that capacity, whether or not the Company
    has or would have had the power to indemnify him against the liability as provided in these Articles.

 

	16	RECORDS

 

	16.1	The
    Company shall keep the following documents at the office of its registered agent:

 

	 	(a)	the
    Memorandum and the Articles;

 

	 	(b)	the
    share register, or a copy of the share register;

 

	 	(c)	the
    register of Directors, or a copy of the register of Directors; and

 

	 	(d)	copies
    of all notices and other documents filed by the Company with the Registrar of Corporate Affairs in the previous 10 years.

 

    	 	26	 

     

    

 

	16.2	If
    the Company maintains only a copy of the share register or a copy of the register of Directors at the office of its registered
    agent, it shall:

 

	 	(a)	within
    15 days of any change in either register, notify the registered agent in writing of the change; and

 

	 	(b)	provide
    the registered agent with a written record of the physical address of the place or places at which the original share register
    or the original register of Directors is kept.

 

	16.3	The
    Company shall keep the following records at the office of its registered agent or at such other place or places, within or
    outside the British Virgin Islands, as the Directors may determine:

 

	 	(a)	minutes
    of meetings and Resolutions of Members and classes of Members;

 

	 	(b)	minutes
    of meetings and Resolutions of Directors and committees of Directors; and

 

	 	(c)	an
    impression of the Seal, if any.

 

	16.4	Where
    any original records referred to in this Regulation are maintained other than at the office of the registered agent of the
    Company, and the place at which the original records is changed, the Company shall provide the registered agent with the physical
    address of the new location of the records of the Company within 14 days of the change of location.

 

	16.5	The
    records kept by the Company under this Regulation shall be in written form or either wholly or partly as electronic records
    complying with the requirements of the Electronic Transactions Act.

 

	17	REGISTERS
    OF CHARGES

 

	17.1	The
    Company shall maintain at the office of its registered agent a register of charges in which there shall be entered the following
    particulars regarding each mortgage, charge and other encumbrance created by the Company:

 

	 	(a)	the
    date of creation of the charge;

 

	 	(b)	a
    short description of the liability secured by the charge;

 

	 	(c)	a
    short description of the property charged;

 

	 	(d)	the
    name and address of the trustee for the security or, if there is no such trustee, the name and address of the chargee;

 

	 	(e)	unless
    the charge is a security to bearer, the name and address of the holder of the charge; and

 

	 	(f)	details
    of any prohibition or restriction contained in the instrument creating the charge on the power of the Company to create any
    future charge ranking in priority to or equally with the charge.

 

    	 	27	 

     

    

 

	18	CONTINUATION

 

The
Company may by Resolution of Members or by a Resolution of Directors continue as a company incorporated under the laws of a jurisdiction
outside the British Virgin Islands in the manner provided under those laws.

 

	19	SEAL

 

The
Company may have more than one Seal and references herein to the Seal shall be references to every Seal which shall have been
duly adopted by Resolution of Directors. The Directors shall provide for the safe custody of the Seal and for an imprint thereof
to be kept at the registered office. Except as otherwise expressly provided herein the Seal when affixed to any written instrument
shall be witnessed and attested to by the signature of any one Director or other person so authorised from time to time by Resolution
of Directors. Such authorisation may be before or after the Seal is affixed, may be general or specific and may refer to any number
of sealings. The Directors may provide for a facsimile of the Seal and of the signature of any Director or authorised person which
may be reproduced by printing or other means on any instrument and it shall have the same force and validity as if the Seal had
been affixed to such instrument and the same had been attested to as hereinbefore described.

 

	20	ACCOUNTS
    AND AUDIT

 

	20.1	The
    Company shall keep records that are sufficient to show and explain the Company's transactions and that will, at any time,
    enable the financial position of the Company to be determined with reasonable accuracy.

 

	20.2	The
    Company may by Resolution of Members call for the Directors to prepare periodically and make available a profit and loss account
    and a balance sheet. The profit and loss account and balance sheet shall be drawn up so as to give respectively a true and
    fair view of the profit and loss of the Company for a financial period and a true and fair view of the assets and liabilities
    of the Company as at the end of a financial period.

 

	20.3	The
    Company may by Resolution of Members call for the accounts to be examined by auditors.

 

	20.4	If
    the Shares are listed or quoted on the Designated Stock Exchange, and if required by the Designated Stock Exchange, the Directors
    shall establish and maintain an audit committee as a committee of the Board of Directors, the composition and responsibilities
    of which shall comply with the rules and regulations of the SEC and the Designated Stock Exchange subject to any available
    exemptions therefrom and the operation of the Act. The audit committee shall meet at least once every financial quarter, or
    more frequently as circumstances dictate.

 

	20.5	If
    the Shares are listed or quoted on a Designated Stock Exchange that requires the Company to have an audit committee, the Directors
    shall adopt a formal written audit committee charter and review and assess the adequacy of the formal written charter on an
    annual basis.

 

	20.6	If
    the Shares are listed or quoted on the Designated Stock Exchange, the Company shall conduct an appropriate review of all related
    party transactions on an ongoing basis and, if required, shall utilise the audit committee for the review and approval of
    potential conflicts of interest.

 

    	 	28	 

     

    

 

	20.7	If
    applicable, and subject to applicable law and the rules of the SEC and the Designated Stock Exchange:

 

	 	(a)	at
    the AGM or at a subsequent extraordinary general meeting in each year, the Members shall appoint an auditor who shall hold
    office until the Members appoint another auditor. Such auditor may be a Member but no Director or officer or employee of the
    Company shall during, his continuance in office, be eligible to act as auditor;

 

	 	(b)	a
    person, other than a retiring auditor, shall not be capable of being appointed auditor at an AGM unless notice in writing
    of an intention to nominate that person to the office of auditor has been given not less than ten days before the AGM and
    furthermore the Company shall send a copy of such notice to the retiring auditor; and

 

	 	(c)	the
    Members may, at any meeting convened and held in accordance with these Articles, by resolution remove the auditor at any time
    before the expiration of his term of office and shall by resolution at that meeting appoint another auditor in his stead for
    the remainder of his term.

 

	20.8	The
    remuneration of the auditors shall be fixed by Resolution of Directors in such manner as the Directors may determine or in
    a manner required by the rules and regulations of the Designated Stock Exchange and the SEC.

 

	20.9	The
    auditors shall examine each profit and loss account and balance sheet required to be laid before a meeting of the Members
    or otherwise given to Members and shall state in a written report whether or not:

 

	 	(a)	in
    their opinion the profit and loss account and balance sheet give a true and fair view respectively of the profit and loss
    for the period covered by the accounts, and of the assets and liabilities of the Company at the end of that period; and

 

	 	(b)	all
    the information and explanations required by the auditors have been obtained.

 

	20.10	The
    report of the auditors shall be annexed to the accounts and shall be read at the meeting of Members at which the accounts
    are laid before the Company or shall be otherwise given to the Members.

 

	20.11	Every
    auditor of the Company shall have a right of access at all times to the books of account and vouchers of the Company, and
    shall be entitled to require from the Directors and officers of the Company such information and explanations as he thinks
    necessary for the performance of the duties of the auditors.

 

	20.12	The
    auditors of the Company shall be entitled to receive notice of, and to attend any meetings of Members at which the Company's
    profit and loss account and balance sheet are to be presented.

 

    	 	29	 

     

    

 

	21	NOTICES

 

	21.1	Any
    notice, information or written statement to be given by the Company to Members may be given by personal service by mail, facsimile
    or other similar means of electronic communication, addressed to each Member at the address shown in the share register.

 

	21.2	Any
    summons, notice, order, document, process, information or written statement to be served on the Company may be served by leaving
    it, or by sending it by registered mail addressed to the Company, at its registered office, or by leaving it with, or by sending
    it by registered mail to, the registered agent of the Company.

 

	21.3	Service
    of any summons, notice, order, document, process, information or written statement to be served on the Company may be proved
    by showing that the summons, notice, order, document, process, information or written statement was delivered to the registered
    office or the registered agent of the Company or that it was mailed in such time as to admit to its being delivered to the
    registered office or the registered agent of the Company in the normal course of delivery within the period prescribed for
    service and was correctly addressed and the postage was prepaid.

 

	22	VOLUNTARY
    WINDING UP

 

The
Company may by a Resolution of Members or by a Resolution of Directors appoint a voluntary liquidator.

 

	23	BUSINESS
    COMBINATION

 

	23.1	Regulations
    23.1 to 23.12 and Regulation 9.1(b) shall terminate upon consummation of any Business Combination and may not be amended during
    the Target Business Acquisition Period except as otherwise provided in these Articles.

 

	23.2	In
    the event that the Company does not consummate a Business Combination prior to 6 July 2016 (such date being referred to as
    the Termination Date), such failure shall trigger an automatic redemption of the Public Shares (an Automatic Redemption
    Event) and the Directors of the Company shall take all such action necessary (i) as promptly as reasonably possible but
    no more than five (5) Business Days thereafter to redeem the Public Shares (as defined below) or distribute the Trust Account
    to the holders of Public Shares, on a pro rata basis, in cash at a per-share amount equal to the applicable Per-Share Redemption
    Price; and (ii) as promptly as practicable, to cease all operations except for the purpose of making such distribution and
    any winding up of the Company's affairs. In the event of an Automatic Redemption Event, only the holders of Public Shares
    shall be entitled to receive pro rata redeeming distributions from the Trust Account with respect to their Public Shares.
    The revised provisions of this Regulation 23.2 shall not affect the previous right of persons who were shareholders when this
    Regulation 23.2 was revised to extend the termination date to 6 July 2016 but who did not vote to consent to such revision
    (but only to the extent they were entitled to do so) to have their shares redeemed under the provisions of the previous Regulation
    23.2 if the Company failed to consummate a Business Combination prior to the expiration of 18 months after the closing of
    the IPO.

 

    	 	30	 

     

    

 

	23.3	Unless
    a shareholder vote is required by law or the rules of the Designated Stock Exchange, or, at the sole discretion of the Directors,
    the Directors determine to hold a shareholder vote for business or other reasons, the Company may enter into a Business Combination
    without submitting such Business Combination to its Members for approval.

 

	23.4	Although
    not required, in the event that a shareholder vote is held, and a majority of the votes cast at the meeting to approve the
    Business Combination are voted for the approval of such Business Combination, the Company shall be authorised to consummate
    the Business Combination.

 

	23.5	 

 

	 	(a)	In
    the event that a Business Combination is consummated by the Company, the Company will offer to redeem the Shares of any Member
    issued in the IPO other than those Shares held by Initial Shareholders or their affiliates, Directors or Officers (the "Public
    Shares") for cash in accordance with Rule 13e-4 and Regulation 14E of the Exchange Act and subject to any limitations
    (including but not limited to cash requirements) set forth in the definitive transaction agreements related to the initial
    Business Combination (the "Tender Redemption Offer"). The Company will file tender offer documents with the
    SEC prior to consummating the Business Combination which contain substantially the same financial and other information about
    the Business Combination and the redemption rights as would be required in a proxy solicitation pursuant to Regulation 14A
    of the Exchange Act. In accordance with the Exchange Act, the Tender Redemption Offer will remain open for a minimum of 20
    Business Days and the Company will not be permitted to consummate its Business Combination until the expiry of such period.
    If in the event a Member holding Public Shares accepts the Tender Redemption Offer and the Company has not otherwise withdrawn
    the tender offer, the Company shall, promptly after the consummation of the Business Combination, pay such redeeming Member,
    on a pro rata basis, cash equal to the applicable Per-Share Redemption Price.

 

	 	(b)	In
    the event that a Business Combination is consummated by the Company in connection with a shareholder vote held pursuant to
    Regulation 23.4 in accordance with a proxy solicitation pursuant to Regulation 14A of the Exchange Act (the Redemption
    Offer), the Company will offer to redeem the Public Shares, regardless of whether such shares are voted for or against
    the Business Combination, for cash, on a pro rata basis, at a per-share amount equal to the applicable Per-Share Redemption
    Price; provided, that any such redeeming Member who either individually or together with any affiliate of his or any other
    person with whom he is acting in concert or as a "group" (as such term is defined under Section 13 of the Exchange
    Act) shall not be permitted to redeem more than fifteen percent (15%) of the total Public Shares sold in the IPO.

 

	 	(c)	In
    no event will the Company consummate the Tender Redemption Offer or the Redemption Offer under Regulation 23.5(a) or (b) if
    such redemptions would cause the Company to have net tangible assets to be less than US$5,000,001.

 

    	 	31	 

     

    

 

	23.6	A
    holder of Public Shares shall be entitled to receive distributions from the Trust Account only in the event of an Automatic
    Redemption Event, an Amendment Redemption Event or in the event he accepts a Tender Redemption Offer or a Redemption Offer
    where the Business Combination is consummated. In no other circumstances shall a holder of Public Shares have any right or
    interest of any kind in or to the Trust Account.

 

	23.7	Prior
    to a Business Combination, the Company will not issue any Securities (other than Public Shares) that would entitle the holder
    thereof to (i) receive funds from the Trust Account; or (ii) vote on any Business Combination.

 

	23.8	The
    Business Combination must be approved by a majority of the independent members of the Board of Directors. In the event the
    Company enters into a Business Combination (i) with a company that is affiliated with the Sponsor, Initial Shareholders, officers
    or Directors; or (ii) partnering, submitting joint bids or entering into any similar transaction with the Sponsor, or an affiliate
    of the Sponsor, the Company will obtain an opinion from an independent investment banking firm that is a member of FINRA reasonably
    acceptable to EarlyBirdCapital, Inc. that such a Business Combination is fair to the holders of the Public Shares from a financial
    point of view.

 

	23.9	The
    Company will not effectuate a Business Combination with another "blank cheque" company or a similar company with
    nominal operations.

 

	23.10	Immediately
    after the Company's IPO, the amount of net offering proceeds received by the Company in the IPO (including proceeds of any
    exercise of the underwriter's over-allotment option and any proceeds from the simultaneous private placement of like securities
    and rights by the Company) as described in the Company's registration statement on Form S-1 filed with the SEC (the Registration
    Statement) at the time it goes effective shall be deposited and thereafter held in the Trust Account. Neither the Company
    nor any officer, Director or employee of the Company will disburse any of the proceeds held in the Trust Account until the
    earlier of (i) a Business Combination, or (ii) an Automatic Redemption Event or in payment of the acquisition price for any
    shares which the Company elects to purchase, redeem or otherwise acquire in accordance with these Articles, in each case in
    accordance with the trust agreement governing the Trust Account; provided that (a) all that interest earned on the Trust Account
    (as described in the Registration Statement) may be released from time to time to the Company to cover operating expenses,
    and (b) the Company is entitled to withdraw such amounts from the Trust Account from time to time as would be required to
    pay any taxes on the interest earned on the Trust Account

 

	23.11	In
    the event the Directors of the Company propose any amendment to Regulation 23 prior to (but not in conjunction with) the consummation
    of a Business Combination (an Amendment) and such Amendment is (i) duly approved by a Resolution of Members; and (ii)
    the amended Articles are filed at the Registry of Corporate Affairs (an Approved Amendment), the Company will offer
    to redeem the Public Shares of any Member who voted all of its Shares against or did not consent in writing to (as relevant)
    the Resolution of Members approving the Approved Amendment, for cash, on a pro rata basis, at a per-share amount equal to
    the applicable Per-Share Redemption Price (an Amendment Redemption Event). For the avoidance of doubt, an Amendment
    may not include any amendment that would affect the substance or timing of the Company's obligations as described in Regulation
    23 to pay or to offer to pay the Per-Share Redemption Price to any holder of the Public Shares without the consent of that
    holder.

 

    	 	32	 

     

    

 

We,
Offshore Incorporations Limited of P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands, for
the purpose of incorporating a BVI business company under the laws of the British Virgin Islands hereby sign these Articles of
Association.

 

Dated:
8th day of April, 2014

 

Incorporator

 

.......................................

 

(Sd.)
Rexella D. Hodge

 

Authorised
Signatory

 

OFFSHORE
INCORPORATIONS LIMITED

 

 

 

33Exhibit

Exhibit 10.1

March 30, 2016 
Erin Petroleum Nigeria Limited 
Plot 1649, Olosa Street,
Victoria Island 
Lagos.
Attention: Femi Ayoade 
Dear Sir,
PAYMENT OF MATURING PRINCIPAL AND INTEREST OBLIGATIONS ON ERIN PETROLEUM (FORMERLY CAMAC PETROLEUM) TERM LOAN FACILITY
We refer to your letter dated March 30, 2016 wherein you requested for flexibility in repayment terms with respect to the loan repayment obligations due on the 31st of March 2016 and wish to recap the issues agreed by both parties as follows:
		
	1.
	That the principal of $5,625,000.00 due for repayment on March 31st 2016 will be deferred for 90 days and paid on June 30, 2016, while the accrued interest of $2,368,083.04 will be paid on due date of March 31st 2016.

		
	2.
	That the Principal and Interest of N70,325,448.64 and N90,912,359.43 respectively due for payment on the Naira Facility on March 31st 2016 shall be paid in full on due date.

		
	3.
	That in consideration of the deferment of the principal due on March 31st 2016 to June 30, 2016, a deferment fee of $56,250.00 (being 1% flat on the deferred principal amount) shall be paid to Zenith Bank on March 31st 2016.

Once again, we wish to emphasis the importance of making good the repayment obligations on the dates as stated above.
Yours faithfully,
For: ZENITH BANK PLC 

	
			
	/s/ Sheriff Ogunrinola
	 
	/s/ Michael Aknowuru

	Sheriff Ogunrinola
Senior Manager
	 
	Michael Anokwuru
Assistant General Manager

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