Document:

Exhibit 10.2

 

AGREEMENT

 

THIS AGREEMENT (the “Agreement”)
effective as of the 7th day of October, 2019 (the “Commencement Date”), by and between Can-Fite Biopharma,
Ltd. an Israeli company, whose address is 10 Bareket Street, Petach Tikva, Israel (the “Company”), and Capital
Point Ltd., an Israeli company, whose address is 132 Menachem Begin Street, Tel Aviv, Israel (hereinafter referred to as “Capital”).
Each of the Company and Capital shall also be referred to individually as a “Party” and collectively as the “Parties”.

 

WHEREAS, as part of the settlement
agreement entered into between the Parties in connection with various legal actions between them, it was agreed that the resolution
of such claims shall be by way of performance by Capital of certain Services (as defined below) to the Company; and

 

WHEREAS, accordingly, the Company
wishes to appoint Capital and Capital wishes to be appointed by the Company, as a service provider to perform the Services pursuant
to the terms and conditions set forth in this Agreement;

 

NOW THEREFORE, in consideration
of the mutual undertakings and promises herein contained, the parties hereby agree as follows:

 

		1	THE APPOINTMENT

 

		1.1	Subject to the terms hereof, the Company hereby appoints
Capital, and Capital hereby agrees to be appointed by the Company as a consultant, commencing on the Commencement Date, to perform
the Services to the Company. In rendering the Services hereunder, Capital shall be deemed to be, and it is, an independent contractor,
and neither this Agreement nor the performance of any of the terms hereof will or will be deemed to constitute or create any other
relationship between the Company and Capital or any person providing the Services on its behalf.

 

		2	EXTENT AND SCOPE OF SERVICES

 

		2.1	During the Term (as defined below), Capital shall provide
the Company with consultancy services (the (“Services”) in the field of public offerings, capital markets fund
raisings, mergers and acquisition and any other strategic financial transactions in Israel, including assisting in finding suitable
investors in the Company, which shall be provided to the Company by Capital through certain of Capital’s executives (the
“Executives”) provided that such services were requested by the Company..

 

		2.2	The Parties hereby agree that Capital and the Executives
are not deemed to be an agent or a representative of the Company and therefore do not possess any authority, whether actual or
apparent, to represent the Company or to contractually commit the Company in any way or manner.

 

     

     

    

 

		3	COMPENSATION

 

In consideration for the Services provided to the Company
by Capital hereunder, the Company shall compensate Capital during the Term as follows:

 

		3.1	Consulting Fee.

 

		3.1.1	A fee in cash equal to 5% of each of the following (the
“Consulting Fee”): (a) any gross amounts raised by the Company in any form of equity or other fundraising (including
debentures) during the Term, (b) in a merger in which the Company is not the surviving entity – the value of any
securities issued in such merger to the Company’s shareholders, (c) in a merger in which the Company is the surviving entity
– the value of the Company in such merger (d) in the event of issuance of securities by the Company in exchange for assets,
the value of any securities issued by the Company (each of the above, a “Transaction Event”); provided that
the aggregate of any such Consulting Fee amounts payable due to any or all such Transaction Events shall not in any event exceed
the amount of one million three hundred thousand United States Dollars (the “Maximum Amount”). For the purpose
hereof, merger shall include, without derogating from the generality of the term, any purchase by one corporation of 25% or more
of the share capital or voting rights of another corporation. For the purpose of this Section 3.1.1, “value” shall
be regarded as the fair market value of any such securities on their date of issuance.

 

Capital shall be entitled to the Consulting
Fee in any event mentioned above in any Transaction, irrespective of its contribution to such Transaction Event.

 

		3.1.2	For the avoidance of doubt it is hereby clarified that
the Consulting Fee shall not include VAT which shall be added to any payment of the Consulting Fee, if applicable.

 

		3.1.3	Within thirty (30) days after the completion or closing,
including the initial, preliminary or first closing of any such Transaction Events, Capital shall deliver to the Company an invoice
for the Consulting Fee applicable due to such Transaction Event (the “Invoice”) and the Company shall pay the
Consulting Fee within thirty (30) days of receipt of such Invoice to such bank account as Capital will indicate.

 

		3.1.4	Any expenses incurred by Capital or the Executives in the
under this Agreement shall not be reimbursed by the Company unless they are approved in writing prior to their incurrence.

 

		3.2	Any payment provided to Capital by the Company under this
Agreement shall be made to Capital after deduction of all taxes and deductions at source if required by law to be deducted and
no tax withholding exemption confirmation was provided by Capital. The Parties hereto agree that all taxes, social insurance payments,
pension payments, health insurance and any other such payments, if existing, relating to the Executives and/or Capital shall be
borne solely by Capital. The Company shall not pay nor be liable to pay any taxes upon the payment to Capital of any remuneration
as set forth in this Agreement. Capital hereby undertakes to indemnify and reimburse the Company for any amounts claimed or levied
on the Company due to taxes, social insurance payments, pension payments, health insurance and any other such payments resulting
from the Services and/or any payment made by the Company to Capital under this Agreement.

 

		3.3	In the event that the Company does not pay on time any
Consulting Fee due hereunder for which an Invoice was presented, then such amount of Consulting Fee shall bear interest at the
rate of 1% per each calendar month during which such Consulting Fee was outstanding. Notwithstanding the aforesaid, if such non-payment
period exceeds six months from such time as the Consulting Fee was due hereunder, then such interest shall be increased from such
expiry of the six months period and shall be equal to 2.5% per each calendar month during which such Consulting Fee was outstanding.

 

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		4	TERM AND TERMINATION

 

		4.1	This Agreement shall take effect from the Commencement
Date and shall continue in full force and effect until the aggregate amount of the Consulting Fee payable hereunder has reached
the Maximum Amount (the “Term”).

 

		4.2	The Company shall be entitled to terminate this Agreement
upon sixty (60) days prior written notice (the “Notice Period” and the “Termination Notice”
respectively), provided that upon such early termination, the Company shall, pay Capital a onetime payment equal to the Maximum
Amount, less any Consulting Fees previously paid to Capital hereunder (the “Additional Payment Amount”).
The Additional Payment Amount shall be paid not less than thirty (30) days before the expiry of the Notice Period and any termination
hereof shall be subject to such full payment of the Additional Payment Amount.

 

		4.3	During the Notice Period following termination and to the
extent requested by the Company, Capital shall cooperate with the Company and use its best efforts to assist the integration into
the Company’s organization of the person or persons who will assume Capital’s responsibilities hereunder. At the option
of the Company, Capital shall during such period either continue rendering of the Services or cease such service.

 

		4.4	In the event of any termination of this Agreement, whatever
the reason, provided that all of the Company’s obligations hereunder have been fulfilled, Capital will promptly deliver
to the Company all documents, data, records and other information pertaining to the Services provided by it and any other equipment
belonging to the Company in Capital’s possession, and Capital will not take any documents or data, or any reproduction or
excerpt of any documents or data, containing or pertaining to the Services provided by it to the Company.

 

		5	REPRESENTATIONS
BY CAPITAL AND THE COMPANY

 

		5.1	Capital hereby represents and warrants as follows:

 

		5.1.1	Capital has full power and authority to execute, deliver
and carry out the terms and provisions of this Agreement and to consummate the transactions contemplated hereby, and that this
Agreement has been duly and validly executed and delivered by it, constitutes a valid and binding obligation and agreement of
it and is enforceable against it in accordance with its terms.

 

		5.1.2	Whilst performing the Services for and on behalf of the
Company, Capital will exercise reasonable care and diligence to prevent, and will not take, any action which could result in a
conflict with, or be prejudicial to, the interests of the Company.

 

		5.1.3	Capital and the Executives shall not be considered an employee,
agent or legal representative of the Company for any purpose whatsoever.

 

		5.1.4	Capital is not granted and it shall not exercise the right
or authority to assume or create any obligation or responsibility on behalf of or in the name of the Company, including without
limitation, contractual obligations and obligations based on warranties or guarantees.

 

		5.2	The Company hereby represents and warrants that it has
full power and authority to execute, deliver and carry out the terms and provisions of this Agreement and to consummate the transactions
contemplated hereby, and that this Agreement has been duly and validly executed and delivered by it, constitutes a valid and binding
obligation and agreement of it and is enforceable against it in accordance with its terms.

 

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		6	CONFIDENTIALITY AND PROPRIETARY RIGHTS

 

Capital undertakes, in addition to any
other commitment it may take upon itself, and without derogating from any such undertaking, to confirm and fulfill all the undertakings
set in the Confidentiality and Proprietary Rights Agreement set forth in Appendix A attached hereto (the “Confidentiality
Agreement”).

 

		7	WITHDRAWAL; WAIVER AND RELEASE

 

		7.1	Effective immediately, Capital hereby withdraws any and
all notices to the Company for the calling of shareholders’ meetings for the nomination of persons for election to the Company’s
board of directors (the “Board”) and/or the proposal of any other business for consideration at any shareholders’
meeting.

 

		7.2	Each Party hereby acknowledges and agrees that, pursuant
to Section 7 of this Agreement, immediately following the execution hereof, any active or pending litigation between the Parties
and any of their affiliates will be dismissed with prejudice, including that the parties shall jointly file with the applicable
courts a joint notice in relation to such dismissal. Attached hereto as Exhibits [            ] are the motions to the court
as set forth above.

 

		7.3	Subject to the full compliance of a Party (the “Released
Party”) with the provisions hereof and its undertakings hereunder, the other party hereto (the “Releasing Party”)
hereby to the fullest extent permitted by law, releases, acquits and discharges the Released Party, and its directors, officers,
employees, shareholders and affiliates (for purposes of this Section, “Releasee”) from any and all past, and
present disputes, claims, controversies, demands, rights, obligations, actions and causes of action, liabilities, and damages,
fixed or contingent, suspected or claimed, which any of them ever had, now has, or claims to have had, from the beginning of time
up to the date of this Agreement, in connection with any issue related to the mutual lawsuits that each Party filed against the
other Party in any courts in Israel and any claims related to these lawsuits, including without limitation, unknown, unsuspected
or undisclosed claims, and agrees not to sue any of the Releasee in any manner to institute, prosecute or pursue, any claim, complaint,
charge, duty, obligation or cause of action relating to such matters. For the avoidance of doubt, the release provided by this
Section 7.3 shall be terminated and of no effect with respect to the Released Party in the event the Released Party does not comply
with the terms hereof and its undertakings hereunder .

 

		8	VOTING COMMITMENT; STANDSTILL PROVISIONS

 

		8.1	Capital agrees, and shall cause its affiliates, to appear
in person or by proxy at the Company’s 2019 annual shareholders’ meeting and the Company’s 2020 annual shareholders’
meeting (the “Annual Meetings”) and vote all ordinary shares of the Company beneficially owned by it at the
meeting in favor of all matters brought by the Board for the approval of the shareholders.

 

		8.2	Subject to the full compliance of the Company with the
provisions hereof and its undertakings hereunder, from the Commencement Date and for sixty (60) months thereafter (the “Restricted
Period”), Capital shall, and shall cause any entities controlled by it, (collectively, “Restricted Persons”),
not to, directly or indirectly, in any manner:

 

		(a)	acquire, offer or seek to acquire, agree to acquire or
acquire rights to acquire (except by way of dividends or other distributions or offerings made available to holders of voting
securities of the Company generally on a pro rata basis), directly or indirectly, whether by purchase, tender or exchange offer,
through the acquisition of control of another person, by joining a group, through swap or hedging transactions or otherwise, any
voting securities of the Company;

 

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		(b)	nominate, recommend for nomination or give notice of an
intent to nominate or recommend for nomination a person for election at any shareholders’ meeting at which the Company’s
directors are to be elected; (ii) initiate, encourage or participate in any solicitation of proxies in respect of any election
contest or removal contest with respect to the Company’s directors; (iii) submit, initiate, make or be a proponent of any
shareholder proposal for consideration at, or bring any other business before, any shareholders’ meeting; (iv) initiate,
encourage or participate in any solicitation of proxies in respect of any shareholders’ proposal for consideration at, or
other business brought before, any Stockholder Meeting; or (v) initiate, encourage or participate in any “withhold”
or similar campaign with respect to any shareholders’ meeting

 

		(c)	form, join or in any way participate in any “group”
(within the meaning of Section 13(d)(3) of the Securities and Exchange Act of 1934, as amended (the “Exchange Act”)),
with respect to the securities of the Company;

 

		(d)	deposit any securities of the Company in any voting trust
or subject any securities of the Company to any arrangement or agreement with respect to the voting of any securities of the Company,
other than any such voting trust, arrangement or agreement solely among the members of Capital and otherwise in accordance with
this Agreement;

 

		(e)	seek publicly, alone or in concert with others, to amend
any provision of the Company’s articles of association;

 

		(f)	make any public or private proposal with respect to or
(ii) make any public statement or otherwise seek to encourage, advise or assist any person in so encouraging or advising with
respect to: (A) any change in the number or term of directors serving on the Board or the filling of any vacancies on the Board,
(B) any change in the capitalization or dividend policy of the Company, (C) any other change in the Company’s management,
governance, corporate structure, affairs or policies, (D) any tender offer, exchange offer, merger, consolidation, acquisition,
business combination, sale, recapitalization, restructuring, or other transaction with a third party that, in each case, that
results in a change in control of the Company or the sale of substantially all of its assets (an “Extraordinary Transaction”),
(E) causing a class of securities of the Company to be delisted from, or to cease to be authorized to be quoted on, any securities
exchange or (F) causing a class of equity securities of the Company to become eligible for termination of registration pursuant
to Section 12(g)(4) of the Exchange Act;

 

		(g)	initiate, make or in any way participate, directly or indirectly,
in any Extraordinary Transaction or make, directly or indirectly, any proposal, either alone or in concert with others, to the
Company or the Board that would reasonably be expected to require a public announcement or disclosure regarding any such matter;

 

		(h)	seek to advise, encourage, support or influence any person
with respect to the voting or disposition of any securities of the Company at any annual or extraordinary meeting of shareholders;

 

		(i)	institute, or solicit, , as a party, any litigation, arbitration
or other proceeding against or involving the Company or any of its current or former directors or officers (including derivative
actions) other than to enforce the provisions of this Agreement; or

 

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		(j)	enter into any negotiations, agreements or understandings
with any third party with respect to the foregoing, or advise, assist, encourage or seek to persuade any third party to take any
action with respect to any of the foregoing, or otherwise take or cause any action inconsistent with any of the foregoing;

 

		(k)	publicly make or in any way advance publicly any request
or proposal that the Company or the Board amend, modify or waive any provision of this Agreement; or

 

		(l)	take any action challenging the validity or enforceability
of this Section 8 or this Agreement unless the Company is challenging the validity or enforceability of this Agreement.

 

		8.3	For avoidance of the doubt, the provisions of this section
8 and this agreement shall not constitute an undertaking by Capital or prohibition thereof to sell any of its shares of the Company.

 

		9	MUTUAL NON-DISPARAGEMENT

 

Except as required by law, subject to
the full compliance of a Party (the “Released Party”) with the provisions hereof and its undertakings hereunder,
the other party hereto (the “Releasing Party”) covenants and agrees that, during the Restricted Period, or
if earlier, until such time as the other Party or any of its agents, subsidiaries, affiliates, successors, assigns, officers,
employees or directors has breached this Section 9, neither it nor any entity controlled by it will in any way publicly disparage,
call into disrepute, defame, or slander the other Party or the other Party’s subsidiaries, affiliates, successors, assigns,
officers, directors, employees, stockholders, agents, attorneys or representatives, or any of their products or services, in any
manner that would damage the business or reputation of such other Party, its products or services or its subsidiaries, affiliates,
successors, assigns, officers, directors, employees, stockholders, agents, attorneys or representatives. For the avoidance of
doubt, any materials publicly released by either Party prior to the date of this Agreement will not be deemed to be in breach
of this provision.

 

		10	SPECIFIC PERFORMANCE

 

The Company on the one hand, and Capital,
on the other hand, acknowledge and agree that irreparable injury to the other Party would occur if any of the provisions of this
Agreement were not performed in accordance with their specific terms or were otherwise breached and that such injury would not
be adequately compensable by the remedies available at law (including the payment of money damages). The Parties accordingly agree
that the Company, on the one hand, and Capital, on the other hand (as applicable, “Moving Party”), will each
be entitled to specific enforcement of, and injunctive relief to prevent any violation of, the terms of this Agreement and the
other Party will not take action, directly or indirectly, in opposition to such relief sought by the Moving Party on the ground
that any other remedy or relief is available at law or in equity. This Section 10 is not the exclusive remedy for any violation
of this Agreement.

 

		11	MISCELLANEOUS

 

		11.1	Any publication concerning this Agreement and/or any related
information shall be made upon mutual consent of both Parties such that each Party shall submit to the other Party for its prior
written approval, all public media associated with any publication regarding this Agreement. Notwithstanding the above, it is
hereby agreed and acknowledged that each of the Parties is a public company traded on Tel Aviv Stock Exchange and with respect
to the Company, its securities in the form of American Depository Receipts are traded on the NYSE American, and therefore, the
parties shall coordinate any publication with respect to this Agreement.

 

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		11.2	This Agreement shall be subject to the laws of the state
of Israel, excluding its conflict of law provisions, and the competent courts of the Tel-Aviv District, Israel shall have exclusive
jurisdiction over any dispute arising thereof.

 

		11.3	This Agreement and the Confidentiality Agreement is the
entire agreement between the Parties with respect to the subject matter hereof, and supersedes all prior understandings, agreements
and discussions between them, either written or oral, with respect to such subject matter.

 

		11.4	No alteration of or modification to any of the provisions
of this Agreement shall be valid unless made in writing and signed by both Parties.

 

		11.5	The failure of either Party hereto to enforce at any time
or for any period any provision of this Agreement shall not be construed as a waiver of such right or provision and such Party
shall be entitled to enforce such right or provision at any time as it shall see fit.

 

		11.6	Any notice required or permitted hereunder shall be given
in writing and shall be deemed given if sent by facsimile transmission or registered mail to the address of the Party or sent
by Email and actively confirmed receipt by the other party.

 

		11.7	If any term, provision, covenant or restriction of this
Agreement is held by a court of competent jurisdiction to be invalid, void or unenforceable, the remainder of the terms, provisions,
covenants and restrictions of this Agreement shall remain in full force and effect and shall in no way be affected, impaired or
invalidated. It is hereby stipulated and declared to be the intention of the Parties that the Parties would have executed the
remaining terms, provisions, covenants and restrictions without including any of such which may be hereafter declared invalid,
void or unenforceable. In addition, the Parties agree to use their reasonable best efforts to agree upon and substitute a valid
and enforceable term, provision, covenant or restriction for any of such that is held invalid, void or unenforceable by a court
of competent jurisdiction.

 

		11.8	The terms of Section 7, 8, 9, 10 and 11 shall survive the
termination of this Agreement.

 

		11.9	This Agreement may not be assigned by operation of law
or otherwise by a Party without the prior written consent of the other Party.

 

		11.10	This Agreement may be executed in one or more textually
identical counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same
agreement. Signatures to this Agreement transmitted by electronic mail in “portable document format” (“.pdf”)
form, or by any other electronic form, shall have the same effect as physical delivery of the paper document bearing the original
signature.

 

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IN WITNESS
WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written.

 

	Can-Fite Biopharma, Ltd.	 	Capital Point Ltd.
	 	 	 	 	 
	By:	/s/ Pnina
    Fishman     /s/ Ilan Cohn	 	By:	/s/ Shay Itshak Lior
        /s/ Yossi Tamar
	Name and Title:  	Pnina Fishman     Ilan Cohn	 	Name and Title:  	Shay Itshak Lior
        Yossi Tamar
	Date:	October 7, 2019	 	Date:	co-CEO

 

 

8Exhibit
10.1

  

SHARE
PURCHASE AGREEMENT

 

This
Share Purchase Agreement (this “Agreement”) is entered into as of October 14, 2019 (“Effective Date”),
by and among Bat Group, Inc., a limited liability company organized under the laws of Delaware (“Buyer”), Hangzhou
Yihe Network Technology Co., Ltd. (the “Company”), and Zhuji Xingmai Network Technology Co., Ltd. (the
“Seller”) Buyer, the Company and Seller is sometimes referred to herein individually as a “Party”
and collectively as the “Parties”. 

 

RECITALS

 

1.
The Seller is the record holders and beneficial owners of all of the issued and outstanding capital stock of the Company.

 

2.
The Buyer wants to acquire 20% equity interest of the Company held by the Seller, and the Buyer desires to transfer to the Seller
and the Seller desires to acquire from the Buyer certain shares as the Consideration (as defined below).

 

NOW
THEREFORE, in consideration of the premises and the mutual agreements and covenants herein contained, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto covenant and agree as follows:

 

ARTICLE
I

INTERPRETATION

 

		1.1	Defined
Terms

 

In
this Agreement, unless there is something in the subject matter or context inconsistent therewith, the following words and terms
will have the indicated meanings and grammatical variations of such words and terms will have corresponding meanings:

 

“Accounts
Payable” means all trade and other accounts payable, notes payable (including related party notes or payables) and other
debts (excluding, for greater certainty, any current portion of long-term debt) due or accruing by the Company and outstanding
as of the 12:01 a.m. (Eastern Time) on the day following the Closing Date

 

“Accounts
Receivable” means all trade and other accounts receivable, notes receivable and other debts due or accruing due to the
Company outstanding as of the 12:01 a.m. (Beijing Time) on the day following the Closing Date, including but not limited to retainage
under contracts;

 

“Affiliate”
of a Person shall mean any other Person that directly or indirectly, through one or more intermediaries, controls, is controlled
by, or is under common control with, such Person. The term “control” (including the terms “controlled by”
and “under common control with”) means the possession, directly or indirectly, of the power to direct or cause the
direction of the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise;

  

     

     

    

 

“Benefit
Plans” means any retirement, pension, profit sharing, deferred compensation, stock bonus, savings, bonus, incentive,
cafeteria, medical, dental, vision, hospitalization, life insurance, accidental death and dismemberment, medical expense reimbursement,
dependent care assistance, tuition reimbursement, disability, sick pay, holiday, vacation, severance, change of control, stock
purchase, stock option, restricted stock, phantom stock, stock appreciation rights, fringe benefit or other employee benefit plan,
fund, policy, program, contract, arrangement or payroll practice of any kind or any employment, consulting or personal services
contract, whether written or oral, qualified or nonqualified, funded or unfunded, or domestic or foreign, (a) sponsored, maintained
or contributed to by the Company or to which the Company is party; (b) covering or benefiting any current or former officer,
employee, agent, director or independent contractor of the Company (or any dependent or beneficiary of any such individual) or
(c) with respect to which the Company has or could have any liability that arises prior to Closing or that relates to events or
circumstances that occurred prior to Closing;

 

“Business”
means the collection and provision of big spatial-temporal data, network graphic image technology and related services conducted
by the Company immediately prior to the date hereof;

 

“Business
Day” means any day except Saturday, Sunday or any other day on which commercial banks located in New York, New York
are authorized or required by law to be closed for business;

 

“Closing”
means the completion of the transactions contemplated by this Agreement. The Closing shall take place at the offices of Hunter
Taubman Fischer & Li LLC, 1450 Broadway, 26th Floor, New York, NY 10018, on the third (3rd) Business Day after all the closing
conditions to this Agreement have been satisfied or waived at 10:00 a.m. local time, or at such other date, time or place as the
Buyer and the Company may agree.

 

“Closing
Date” means the date and time at which the Closing is actually held;

 

“Condition
of the Company” means the condition of the assets, liabilities, operations, activities, earnings, prospects, affairs
and financial position of the Company;

 

“Current
Liabilities” means accounts payable, accrued expenses including any accrued taxes, customer deposits, accrued wages
and benefits payable, and overbillings, if any, but excluding Indebtedness, if any;

 

“Encumbrances”
means all capital lease and operating lease obligations, mortgages, charges, pledges, security interests, liens, encumbrances,
actions, claims, demands and equities of any nature whatsoever or howsoever arising and any rights or privileges capable of becoming
any of the foregoing;

 

“Environmental
Laws” means any federal, state or local law, statute, rule, order, directive, judgment, Permit or regulation or the
common law relating to the environment, occupational health and safety, or exposure of Persons or property to Hazardous Substances,
including any statute, regulation, administrative decision or order pertaining to: (a) the presence of or the treatment, storage,
disposal, generation, transportation, handling, distribution, manufacture, processing, use, import, export, labeling, recycling,
registration, investigation or remediation of Hazardous Substances or documentation related to the foregoing; (b) air, water
and noise pollution; (c) groundwater and soil contamination; (d) the Release, threatened Release, or accidental Release
into the environment, the workplace or other areas of Hazardous Substances, including emissions, discharges, injections, spills,
escapes or dumping of Hazardous Substances; (e) transfer of interests in or control of real property which may be contaminated;
(f) community or worker right-to-know disclosures with respect to Hazardous Substances; (g) the protection of wild life,
marine life and wetlands, and endangered and threatened species; (h) storage tanks, vessels, containers, abandoned or discarded
barrels and other closed receptacles; and (i) health and safety of employees and other Persons;

 

“Environmental
Permits” includes all orders, permits, certificates, approvals, consents, registrations, licenses and other authorization
of any kind or nature, issued by any authority of competent jurisdiction under Environmental Laws;

  

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“Excluded
Registration” means (i) a registration relating to the sale of securities to employees of WFOE or a subsidiary pursuant
to a stock option, stock purchase, or similar equity incentive plan; or (ii) a registration on any form that does not include
substantially the same information as would be required to be included in a registration statement covering the sale of the Ordinary
Shares.

 

“Financial
Statements” means, collectively, the Prior Year-End Financial Statements and the Interim Financial Statements;

 

“Governmental
Entity” means any federal, state, local or foreign government or political subdivision thereof, or any agency or instrumentality
of such government or political subdivision, or any self-regulated organization or other non-governmental regulatory authority
or quasi-governmental authority (to the extent that the rules, regulations or orders of such organization or authority have the
force of law), or any arbitrator, court or tribunal of competent jurisdiction;

 

“Hazardous
Substance” shall mean any: pollutants, contaminants or hazardous substances (as such terms are defined under CERCLA),
pesticides (as such term is defined under the Federal Insecticide, Fungicide and Rodenticide Act), solid wastes and hazardous
wastes (as such terms are defined under the Resource Conservation and Recovery Act), chemicals, other hazardous, radioactive or
toxic materials, oil, petroleum and petroleum products (and fractions thereof), or any other material (or article containing such
material) listed or subject to regulation under any law, statute, rule, regulation, order, Permit, or directive due to its potential,
directly or indirectly, to harm the environment or the health of humans or other living beings;

 

“Indebtedness”
mean (a) any indebtedness or other obligation for borrowed money of the Company, excluding Current Liabilities, (b) payment obligations
of the Company for the deferred purchase price for purchases of property outside the Ordinary Course of Business arising in connection
with transactions occurring prior to the Closing which are not evidenced by trade payables, (c) payment obligations of the Company
under capital leases to which the Company is a party, (d) any off-balance sheet financing of the Company (including any obligation
under swap transactions), (e) the aggregate amount of any unfunded or underfunded obligations under any pension, savings, profit
sharing or other employee benefit arrangements maintained by the Company; and (f) any unpaid interest, prepayment premiums
or penalties accrued or owing on any such indebtedness;

 

“Intellectual
Property” means any intellectual property used in or relating to the Company or the Business, including but not limited
to, any invention, patent, trademark, trade name, domain name or other indicia of source, copyright, confidential information,
trade secret, whether or not registered, licenses (software or otherwise) and any right to apply for registration of any intellectual
property;

 

“Interim
Statement of Assets, Liabilities and Owners’ Equity” means the internally-prepared statement of assets, liabilities
and owners’ equity of the Company as of June 30,2019, forming part of the Interim Financial Statements;

 

“Interim
Financial Statements” means the Interim Statement of Assets, Liabilities and Owners’ Equity and the Interim Statement
of Income and Expense, copies of which have been provided to Buyer;

 

“Interim
Statement of Income and Expense” means the internally-prepared statement of income and expense of the Company for the
12 months ended June 30,2019, forming part of the Interim Financial Statements;

 

“Laws
and Regulations” means federal, state, local and foreign statutes, laws, ordinances, regulations, rules, codes, orders,
constitutions, treaties, principles of common law, judgments, decrees or other requirements;

 

“Licenses”
has the meaning ascribed thereto in Section 3.1(d)(ii);

  

    3

     

    

 

“Material
Adverse Change” means any change in the business, operations, results of operations, assets, capitalization, financial
condition, licenses, permits, employee relations, concessions, rights, liabilities, whether contractual or otherwise, of the Company
which is materially adverse to the business or operations of the Company;

 

“Ordinary
Course of Business” shall mean the ordinary course of business consistent with past custom and practice (including with
respect to frequency and amount);

 

“Person”
includes any individual, corporation, limited liability company, partnership, firm, joint venture, syndicate, association, trust,
government, governmental agency or board or commission or authority, and any other form of entity or organization;

 

“Prior
Year-End Financial Statements” means the internally-prepared statement of assets, liabilities and owners’ equity
of the Company and the internally-prepared statement income and expense of the Company for the fiscal year ended December 31,2018,
and in all cases, the notes thereto, in the form provided to Buyer;

 

“Real
Property” means the leasehold interests in real property of the Company; “Reasonable Best Efforts”
shall mean best efforts, to the extent commercially reasonable;

 

“Release”
means any release, effluent, spill, leak, emission, discharge, leach, dumping, deposit, dispersal, migration, escape or other
disposal which is occurring or has occurred or been made in contravention of any Environmental Laws;

 

“Securities
Act” shall mean the Securities Act of 1933, as amended.

 

“Subsidiary”
shall mean any corporation, partnership, trust, limited liability company or other non-corporate business enterprise in which
the Company (or another Subsidiary) holds stock or other ownership interests representing (a) more than fifty percent (50%) of
the voting power of all shares or other ownership interests of such entity or (b) the right to receive more than fifty percent
(50%) of the net assets of such entity available for distribution to the holders of shares or other ownership interests upon a
liquidation or dissolution of such entity;

 

“Tax”
or “Taxes” mean any and all taxes, charges, fees, duties, contributions, levies or other similar assessments
or liabilities in the nature of a tax, including income, gross receipts, corporation, ad valorem, premium, value-added, net worth,
capital stock, capital gains, documentary, recapture, alternative or add-on minimum, disability, estimated, registration, recording,
excise, real property, personal property, sales, use, license, lease, service, service use, transfer, withholding, employment,
unemployment, insurance, social security, national insurance, business license, business organization, environmental, workers
compensation, payroll, profits, severance, stamp, occupation, windfall profits, customs duties, franchise and other taxes of any
kind whatsoever imposed by any Governmental Entity, and any interest, fines, penalties, assessments or additions to tax imposed
with respect to such items or any contest or dispute thereof, whether disputed or not;

 

“Tax
Returns” includes all returns, reports, claims for refund, information returns, declarations, designations, elections,
notices, filings, forms, statements and other documents (whether in tangible, electronic or other form), including any amendments,
schedules, attachments, supplements, appendices and exhibits thereto, made, prepared, filed or required to be made, prepared or
filed under applicable Laws and Regulations in respect of Taxes;

 

“Third
Party” means any Person other than the Parties;

 

		1.2	Schedules

 

The
Schedules that are attached to this Agreement are incorporated into this Agreement by reference and are deemed to be part hereof.

 

    4

     

    

 

		1.3	Currency

 

Unless
otherwise indicated, all dollar amounts referred to in this Agreement are stated in lawful currency of the United States of America.

 

		1.4	Choice
of Law

 

All
matters arising out of or relating to this Agreement and the transactions contemplated hereby (including its interpretation, construction,
performance and enforcement) shall be governed by and construed in accordance with the internal laws of the State of New York
without giving effect to any choice or conflict of law provision or rule (whether of the State of York or any other jurisdiction)
that would cause the application of laws of any jurisdictions other than those of the State of New York.

 

		1.5	Interpretation
Not Affected by Headings or Party Drafting

 

The
division of this Agreement into articles, sections, paragraphs, subparagraphs and clauses and the insertion of headings are for
convenience of reference only and shall not affect the construction or interpretation of this Agreement. The terms “this
Agreement”, “hereof”, “herein”, “hereunder” and similar expressions
refer to this Agreement and the Schedules and Exhibits hereto and not to any particular article, section, paragraph, clause or
other portion hereof and include any agreement or instrument supplementary or ancillary hereto. The term “including”
shall mean including without limitation. The Parties acknowledge that their respective legal counsel have reviewed and participated
in settling the terms of this Agreement and the Parties hereby agree that any rule of construction to the effect that any ambiguity
is to be resolved against the drafting Party shall not be applicable in the interpretation of this Agreement.

 

		1.6	Number
and Gender

 

In
this Agreement, unless there is something in the subject matter or context inconsistent therewith:

 

		(a)	words
                                         in the singular number include the plural and such words will be construed as if the
                                         plural had been used;

 

		(b)	words
                                         in the plural include the singular and such words will be construed as if the singular
                                         had been used; and

 

		(c)	words
                                         importing the use of any gender include all genders where the context or Party referred
                                         to so requires, and the rest of the affected sentence will be construed as if the necessary
                                         grammatical and terminological changes had been made.

 

		1.7	Knowledge

 

Where
any representation or warranty contained in this Agreement or any agreement delivered pursuant to this Agreement is expressly
qualified by reference to the “Knowledge” of a Party, such qualification shall be deemed to refer to the actual
knowledge of such Party and the knowledge such Party would have if it had conducted a reasonable inquiry into the relevant subject
matter; provided, with respect to Seller and the Company, the phrase “to the Knowledge of the Company”
shall be deemed to mean the knowledge of Seller.

 

		1.8	Time
of Essence

 

Time
shall be of the essence of this Agreement.

  

    5

     

    

 

ARTICLE
II

PURCHASE
AND SALE; CLOSING PROCEEDS

 

		2.1	Purchase
and Sale

 

		(a)	At
                                         the closing, the Buyer shall deliver to the Company and the Seller 1,253,814 of ordinary
                                         shares of the Buyer, par value $0.001, (“Ordinary Shares”) with the
                                         value of US$0.41 million (the “Buyer’s Shares”). At the closing,
                                         the Seller shall deliver to the Buyer such number of shares of the Company (the “Company’s
                                         Shares”), representing 20% of the outstanding shares of the Company. The Parties
                                         agree that the Buyer’s Shares shall be such number of Ordinary Shares of the Buyer
                                         based on the three (3) lowest daily VWAPs during the fifteen (15) consecutive trading
                                         day period ending on the trading day immediately prior to the execution and delivery
                                         of the Definitive Agreement. Seller or their respective designees, shall receive the
                                         Buyer’s Shares pro rata in accordance with each party’s respective percentage
                                         of ownership interest in the Company. The Parties shall cooperate in causing the Company
                                         to issue new certificates for the Company Shares to the Buyer.

 

		(b)	Notwithstanding
                                         Section 2.1(a), promptly after receiving all consents from NASDAQ or Buyer’s stockholders
                                         that may be, as determined by Buyer in its sole discretion, as advisable or necessary
                                         in connection with the new share issuance by the Buyer contemplated hereby (the “Required
                                         Approvals”), Buyer shall deliver to the Seller Buyer’s Shares. In the
                                         event that Buyer has not received the Required Approvals on or before November 30, 2019,
                                         the Parties shall discuss in good faith other methods of payment of the Share Consideration,
                                         which shall in no way effect a rescission of the fulfillment of the Company’s obligations
                                         under this Agreement unless agreed upon by the Parties. Notwithstanding the foregoing,
                                         Buyer shall not be obligated to deliver the Share Consideration until the receipt of
                                         all consents from NASDAQ or Buyer’s stockholders that may be.

 

ARTICLE
III

REPRESENTATIONS AND WARRANTIES

 

		3.1	Representations
and Warranties by the Seller and the Company

 

Seller
and the Company, jointly and severally (except where specifically indicated herein), represent and warrant to Buyer, as of the
date hereof, the matters set forth in this Section 3.1, in connection with the completion of the transactions contemplated
by this Agreement.

 

		(a)	Valid
Existence. The Company is a corporation duly organized, validly existing and in good standing under the laws of PRC, with
all requisite corporate power and authority and all authorizations, licenses and permits necessary to own and operate its properties
and to carry on its businesses as now conducted. The Company is duly registered to operate or conduct business in all jurisdictions
in which such registration is required under applicable Laws. Each Seller, if it is a corporation, is duly organized, validly
existing and in good standing under the laws of the jurisdiction under which it is organized.

 

		(b)	Authority
and Binding Obligation.

 

		(i)	The
Company has all corporate requisite power and authority to execute and deliver this Agreement and all other agreements contemplated
hereby to which the Company is a party and to consummate the transactions contemplated hereby and thereby. No other actions or
proceedings (corporate or otherwise) on the part of the Company are necessary to approve and authorize the execution and delivery
of this Agreement and all other agreements contemplated hereby to which the Company is a party or the consummation of the transactions
contemplated hereby and thereby. This Agreement has been duly executed and delivered by the Company and constitutes the valid
and binding agreement of the Company, enforceable against each of them in accordance with its terms, except as enforceability
hereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other Laws and Regulations affecting creditors’
rights generally and limitations on the availability of equitable remedies.

 

    6

     

    

 

		(ii)	Each
                                         Seller, individually and not severally, represents and warrants that such Seller has
                                         all corporate requisite power and authority to execute and deliver this Agreement and
                                         all other agreements contemplated hereby to which such Seller is a party and to consummate
                                         the transactions contemplated hereby and thereby. No other actions or proceedings (corporate
                                         or otherwise) on the part of such Seller is necessary to approve and authorize the execution
                                         and delivery of this Agreement and all other agreements contemplated hereby to which
                                         such Seller is a party or the consummation of the transactions contemplated hereby and
                                         thereby. This Agreement has been duly executed and delivered by such Seller and constitutes
                                         the valid and binding agreement of such Seller, enforceable against each of them in accordance
                                         with its terms, except as enforceability hereof may be limited by bankruptcy, insolvency,
                                         reorganization, moratorium or other Laws and Regulations affecting creditors’ rights
                                         generally and limitations on the availability of equitable remedies.

 

		(c)	Consents
and Regulatory Approvals.

 

		(i)	No
                                         material consent, approval, waiver, license, permit, order or authorization (“Consent”)
                                         of, or registration, declaration or filing with, or Governmental Authorization from,
                                         any Governmental Entity is required to be obtained or made by Seller in connection with
                                         the execution, delivery and performance of this Agreement or the consummation of the
                                         transactions contemplated by this Agreement.

 

		(ii)	The
                                         execution of this Agreement and the consummation of the transactions contemplated by
                                         this Agreement will not result in the breach of any term or provision of, or constitute
                                         an event of default under, any material indenture, mortgage, deed of trust or other material
                                         contract, agreement or instrument to which Seller is a party or to which any of their
                                         properties or operations are subject, or result in the creation of any Encumbrances on
                                         the Ordinary Shares.

 

		(d)	Licenses.

 

		(i)	The
                                         Company is duly licensed and registered to carry on its business in all jurisdictions
                                         in which the nature of its business or the ownership of its assets makes such licenses
                                         or registrations necessary;

 

		(ii)	The
Company holds all necessary licenses, permits, registrations and qualifications, including, without limitation, all Environmental
Permits, (collectively the “Licenses”) in each jurisdiction in which:

 

		(A)	it
owns, leases or operates any of its assets or properties; or

 

		(B)	the
nature or conduct of the Business or any part thereof or the nature of its assets or properties makes such qualification necessary
or desirable to enable the Company to carry on the Business as now conducted or to enable the Company to own, lease or operate
its assets or properties.

  

    7

     

    

 

All
of the Licenses, registrations and qualifications necessary to the operation of the Business are in place and are valid and in
full force and effect. The Company has been and is operated in compliance with all terms and conditions of such Licenses and there
are no proceedings in progress, pending or, to the Knowledge of any Seller or the Company, threatened, that could result in the
revocation, cancellation or suspension of any of such Licenses. True and correct copies of all such Licenses have been provided
to Buyer.

 

	(e)	Compliance
                                         with Organizational Documents, Agreements and Licenses. The Company has furnished
                                         to Buyer complete and accurate copies of the Company’s charter documents, each
                                         as amended and/or restated to date (collectively, the “Organizational Documents”).
                                         The Company is not in default under or in violation of any provision of its Organizational
                                         Documents. The execution, delivery and performance of this Agreement and each of the
                                         other agreements contemplated by or referred to herein and the completion of the transactions
                                         contemplated hereby by the Company and Seller will not constitute or result in a violation,
                                         breach or default, or cause the acceleration of any obligations under:

 

		(i)	any
                                         term or provision of the Company’s or any Seller’s Organizational Documents;

 

		(ii)	the
                                         terms of any indenture, Material Contract, agreement (written or oral), instrument or
                                         understanding or other obligation or restriction applicable to or binding upon the Company
                                         or any Seller or to which the Company or any Seller is a Party; or

 

		(iii)	any
                                         term or provision of any of the Licenses or, to the Knowledge of any Seller or the Company,
                                         any order of any court, Governmental Entity or any Law and Regulations of any jurisdiction
                                         in which the Business is carried on.

 

	(f)	Subsidiary.
                                         The Company does not as of the date of this Agreement own, directly or indirectly, any
                                         capital stock, membership interest, partnership interest, joint venture interest or other
                                         equity interest in any person. All the outstanding equity interests of the Subsidiary
                                         directly or indirectly held by the Company have been validly issued and are fully paid,
                                         nonassessable and owned by the Company, free and clear of Encumbrances. The Company owns
                                         all of the outstanding capital stock of each Subsidiary. The Subsidiary is validly existing
                                         and in good standing under the Laws of the jurisdiction of its formation, has all requisite
                                         power to own, lease and operate its properties and to carry on its business as currently
                                         conducted and as proposed to be conducted, and is duly qualified to do business and is
                                         in good standing in each jurisdiction in which it owns or leases property or conducts
                                         any business so as to require such qualification.

 

	(g)	Minute
                                         Books and Corporate Records. The minute books of the Company are true and correct
                                         in all material respects and contain the minutes of all meetings and all resolutions
                                         of the board of directors, members, managers and shareholders of the Company, except
                                         where any deficiencies or irregularities in such minute books would not result in a Material
                                         Adverse Change.

 

		(h)	Capitalization.

 

		(i)	The
                                         Company Shares collectively constitute 100% of the issued and outstanding capital stock
                                         of the Company. The Company Shares have been duly authorized and are validly issued,
                                         fully paid and nonassessable, and free of all preemptive rights. Each Seller, individually
                                         and not jointly, represents and warrants that it holds beneficially the Company’s
                                         Shares.

 

		(ii)	No
                                         subscription, warrant, option, convertible security or other right (contingent or otherwise)
                                         to purchase or acquire any capital stock or any other equity interest of the Company
                                         is authorized or outstanding. There are no outstanding (a) capital, equity or voting
                                         securities of the Company, (b) securities convertible or exchangeable into equity interests
                                         of the Company, (c) options, warrants, purchase rights, subscription rights, preemptive
                                         rights, conversion rights, exchange rights, calls, puts, rights of first refusal or other
                                         contracts that require the Company to issue, sell or otherwise cause to become outstanding
                                         or to acquire, repurchase or redeem any capital stock or equity interests of the Company
                                         or (d) equity appreciation, phantom equity, profit participation or similar rights with
                                         respect to the Company. The Company has not violated any Laws and Regulations in connection
                                         with the offer, sale, issuance or repurchase of any of its capital stock or other equity
                                         or debt securities.

  

    8

     

    

 

	(i)	Financial
                                         Records. All material financial transactions of the Company have been recorded in
                                         the financial books and records maintained by or for the Company in accordance with past
                                         accounting practices of the Company, and such financial books and records, together with
                                         all disclosures made in this Agreement, present accurately in all material respects the
                                         financial condition and the balance sheet, revenues, expenses and results of the operations
                                         of the Company as of and to the date hereof.

 

	(j)	No
                                         Litigation. There are no actions, suits, claims, complaints, hearings, arbitrations,
                                         investigations or proceedings, whether existing, pending or, to the Knowledge of any
                                         Seller or the Company, threatened against or affecting any Seller, the Company or the
                                         Business at law or in equity or before any Governmental Entity or arbitrator. There are
                                         no judgments, orders or decrees outstanding against (i) any Seller that would be reasonably
                                         likely to prevent, delay or result in the rescission of any of the transactions contemplated
                                         by this Agreement, (ii) the Company or (iii) the Business.

 

		(k)	Material
                                         Liabilities. Neither any Seller nor the Company has any material liabilities,
                                         obligations or commitments of the type required to be reflected on a balance sheet prepared
                                         in accordance with past accounting practices of the Company, except: (a) those that are
                                         reflected or reserved against in the Interim Financial Statements, and (b) those that
                                         have been incurred in the Ordinary Course of Business since the date of the Interim Statement
                                         of Assets, Liabilities and Owners’ Equity.

 

		(l)	Financial
                                         Statements. The Financial Statements have been prepared in accordance with past accounting
                                         practices of the Company applied on a basis consistent with previous fiscal years of
                                         the Company, and the Financial Statements are true, correct and complete in all material
                                         respects and present fairly, in all material respects, the financial condition, assets,
                                         liabilities, revenues, expenses and cash flows of the Company as at the dates thereof
                                         and for the periods covered thereby. The Company has no Indebtedness not accurately and
                                         correctly reflected in the Financial Statements.

 

		(m)	Absence
of Certain Changes or Events. Since the date of the Interim Statement of Assets, Liabilities and Owners’ Equity, the
Company has not, directly or indirectly:

 

		(i)	to
                                         the Knowledge of any Seller and the Company, incurred any obligation or liability (fixed
                                         or contingent), except normal trade or business obligations incurred in the Ordinary
                                         Course of Business, none of which is materially adverse to the Company;

 

		(ii)	created
                                         any Encumbrance upon any of its properties or assets;

 

		(iii)	sold,
                                         assigned, licensed, transferred, leased or otherwise disposed of any properties or assets,
                                         except in the Ordinary Course of Business;

 

		(iv)	purchased,
                                         leased or otherwise acquired any properties or assets, except in the Ordinary Course
                                         of Business;

 

		(v)	entered
                                         into any transaction, contract, agreement or commitment, except in the Ordinary Course
                                         of Business;

 

		(vi)	terminated,
                                         discontinued, closed or disposed of any plant, facility or operation;

 

    9

     

    

 

		(vii)	changed
                                         the terms and conditions of employment of any employees of the Company, including increasing
                                         any form of compensation or other benefits payable or to become payable to any of the
                                         employees of the Company, except increases made in the Ordinary Course of Business;

 

		(viii)	changed
                                         any remuneration payable or benefits provided to any officer, manager, director, consultant
                                         or agent of the Company;

 

		(ix)	suffered
                                         any extraordinary loss;

 

		(x)	made
                                         or experienced any Material Adverse Change in, or become aware of any event or condition
                                         that is likely to result in a Material Adverse Change to, the Condition of the Company
                                         or its relationships with the Company’s customers, suppliers or employees;

 

		(xi)	modified,
                                         waived, changed, amended, released, rescinded, or terminated any material term, condition,
                                         or provision of any contract, lease, agreement, license or other instrument to which
                                         it is a party other than in the Ordinary Course of Business;

 

		(xii)	declared
                                         or paid any non-cash dividend or made any non-cash distribution upon or with respect
                                         to its equity interests, or made any non-cash payments, transfers or assignments of any
                                         rights, property or assets to any Seller or any other Person; or

 

		(xiii)	authorized,
agreed or otherwise become committed to do any of the foregoing.

 

	(n)	Commitments
                                         for Capital Expenditures. Neither any Seller nor the Company has committed to make
                                         any capital expenditures or authorized any capital expenditures which have not been fulfilled
                                         or paid.

 

	(o)	Tax
                                         Matters. The Company has filed all foreign, national, municipal, provincial, local
                                         tax returns of any kind whatsoever, including its value-added tax (“VAT”)
                                         returns, required to be filed by the date hereof. Each of such tax returns reflects the
                                         taxes due for the period covered thereby and the Company has paid all such amounts. The
                                         Company has no liabilities with respect to the payment of any taxes (including any deficiencies,
                                         interest or penalties), except for taxes accrued but not yet due and payable.

 

	(p)	Environmental
                                         Matters. The operations of the Company and the Business, and the use, maintenance
                                         and operation of the Company’s assets are in compliance with all Environmental
                                         Laws and all applicable Environmental Permits. The Company has no material liability,
                                         nor are there any reasonable grounds suggesting that any facts or circumstances exist
                                         that are likely to give rise to any material non-compliance with Environmental Laws,
                                         resulting from or relating to the existence, generation, handling, transportation, storage,
                                         treatment, disposal, discharge, Release or threatened Release of any Hazardous Substances,
                                         including without limitation any radioactive materials, or any petroleum or petroleum-related
                                         materials.

 

	(q)	Title
                                         to Assets. The Company is the true and lawful owner of and has good and marketable
                                         title to all of its assets and properties that are used in the Business of the Company,
                                         free and clear of all Encumbrances, except for (i) leased Real Property, (ii) validly
                                         licensed Intellectual Property, and (iii) inventory disposed of in the Ordinary Course
                                         of Business. Except for lessors of the Real Property and licensed Intellectual Property,
                                         no Person other than the Company has any interest (or any right capable of becoming an
                                         interest) in any of the assets or property of the Company. Seller do not have any interest,
                                         legal or beneficial, direct or indirect, in any of the assets or properties of the Company.

  

    10

     

    

 

		(r)	Real
Properties.

 

		(i)	Seller
                                         and the Company have provided to Buyer true, correct and complete copies of all ownership
                                         documents and leases related to Real Property of, or used by, the Company. There are
                                         no agreements, options, contracts or commitments to sell, transfer or otherwise dispose
                                         of the Real Property or that would be affected by a change of control of the Company.
                                         There are no leases, tenancies, licenses or other rights of occupancy or use for any
                                         portion of the Real Property by any other Person, and no Person other than the Company
                                         occupies or uses any portion of the Real Property.

 

		(ii)	The
                                         Real Property and all buildings and structures located thereon and the conduct of the
                                         Business as presently conducted thereon do not violate, and the use thereof in the manner
                                         in which it is presently used is not adversely affected by, any zoning or building laws,
                                         ordinances, regulations, covenants or official plans and there are no outstanding work
                                         orders, non-compliance orders, deficiency notices or other such notices regarding to
                                         the Real Property. Neither the Company nor any Seller has received any notification alleging
                                         any such violation.

 

		(s)	Condition
of Tangible Personal Property. The tangible personal property comprised of the equipment, furniture, and vehicles of the Company,
whether leased or owned, is in good operating condition and repair, reasonable wear and tear excepted. No major repair items are
anticipated and the standard preventive maintenance operations have been carried out in accordance with the manufacturers’
recommendations.

 

		(t)	Leased
Personal Property. The Company has no leases of personal property used in or relating to the Business.

 

		(u)	Accounts
Payable. Seller has provided Buyer with a true, correct and complete list of the Accounts Payable of the Business as of July
31,2019. All of such Accounts Payable arose in the Ordinary Course of Business.

 

	(v)	Accounts
                                         Receivable. Seller has provided Buyer with a true, correct and complete list of the
                                         Accounts Receivable of the Business as of July 31,2019, including an aging of such Accounts
                                         Receivable as of such date, both in the aggregate and by customer (0-30 days, 30-90 days
                                         and greater than 90 days). With respect to such Accounts Receivable: (i) all of such
                                         Accounts Receivable arose in the Ordinary Course of Business, (ii) except to the extent
                                         of any reserve for doubtful accounts, all of such Accounts Receivable have been (or will
                                         be) collected or, to the knowledge of any Seller or the Company, are collectible (or
                                         will be collectible) in the book amounts thereof and (iii) none of such Accounts Receivable
                                         are or, to the Knowledge of any Seller or the Company, will be, subject to any claim
                                         of offset, recoupment, setoff, or counter-claim, and to the Knowledge of any Seller or
                                         the Company there are no specific facts or circumstances (whether asserted or unasserted)
                                         that would give rise to any such claim. No amount of such Accounts Receivable are or
                                         will be contingent upon the performance by the Company of any obligation or contract.
                                         Except for trade discounts in the Ordinary Course of Business, no agreement for deduction
                                         or discount has been made with respect to any of such accrued receivables.

 

	(w)	Inventory.
                                         Seller has provided Buyer a true, correct and complete list of the Company’s owned
                                         inventory as of July 31,2019, of items purchased in advance of the need to incorporate
                                         such inventory into a specific job or project (the “Pre-Purchased Inventory”).
                                         At Closing, Seller will provide Buyer with an updated list of Pre-Purchased Inventory
                                         as of Closing. Such inventory is useable in the Ordinary Course of Business.

 

	(x)	Extraordinary
                                         Agreements. The Company is not a partner or participant in any partnership,
                                         joint venture, profit-sharing arrangement or other association of any kind and is not
                                         a party to any agreement under which the Company agrees to carry on any part of its business
                                         in such manner or by which the Company agrees to share any revenue or profit of its business
                                         with any other Person. The Company is not party to or bound by any outstanding or executory
                                         agreement, contract or commitment out of the Ordinary Course of Business, whether written
                                         or oral.

  

    11

     

    

 

		(y)	Material
Contracts.

 

		(i)	Seller
                                         has provided to Buyer true and correct copies of the following agreements (each a “Material
                                         Contract”) to which the Company is a party:

 

		(A)	any
agreement for the purchase or sale of products or for the furnishing or receipt of services (1) which involves more than the sum
of $10,000 or (2) in which the Company has granted “most favored nation” pricing provisions or marketing or distribution
rights relating to any services, products or territory or has agreed to purchase a minimum quantity of goods or services or has
agreed to purchase goods or services exclusively from a certain party;

 

		(B)	any
                                         agreement concerning the establishment or operation of a partnership, joint venture or
                                         limited liability company;

 

		(C)	any
                                         agreement under which the Company has created, incurred, assumed or guaranteed (or may
                                         create, incur, assume or guarantee) indebtedness (including capitalized lease obligations)
                                         or under which it has imposed (or may impose) any Encumbrance on any of its assets, tangible
                                         or intangible (excluding indebtedness and Encumbrances being paid off, terminated or
                                         otherwise satisfied in connection with the Closing);

 

		(D)	any
                                         agreement for the disposition of any significant portion of the assets or business of
                                         the Company (other than sales of products in the Ordinary Course of Business) or any
                                         agreement for the acquisition of the assets or business of any other entity (other than
                                         purchases of inventory or components in the Ordinary Course of Business);

 

		(E)	any
agreement concerning confidentiality or non-solicitation;

 

		(F)	any
                                         employment agreement, consulting agreement, severance agreement (or agreement that includes
                                         provisions for the payment of severance) or retention agreement;

 

		(G)	any
agreement involving any current director, manager, officer, shareholder or member of the Company;

 

		(H)	any
                                         lease or agreement under which the Company is the lessee of, or holds or operates, any
                                         personal property owned by any other party, for which the annual rental exceeds $15,000;

 

		(I)	any
agreement that prohibits the Company from freely engaging in business anywhere in the world;

 

		(J)	any
                                         distributor, sales representative, franchise or similar agreement to which the Company
                                         is a party or by which the Company is bound; and

 

		(K)	any
                                         other agreement (or group of related agreements) either (A) involving more than $50,000
                                         or (B) not entered into in the Ordinary Course of Business and involving more than $10,000.

 

		(ii)	The
                                         Company has made available to Buyer a complete and accurate copy of each Material Contract
                                         (as amended to date). With respect to each Material Contract, and subject to applicable
                                         bankruptcy, insolvency, reorganization, moratorium or other laws affecting generally
                                         the enforcement of creditors’ rights and subject to general principles of equity:
                                         (i) the Material Contract is legal, valid, binding and enforceable and in full force
                                         and effect against the Company, to the Knowledge of any Seller or the Company, against
                                         each other party thereto; and (ii) the Material Contract will continue to be legal,
                                         valid, binding and enforceable and in full force and effect against the Company and against
                                         each other party thereto immediately following the Closing in accordance with the terms
                                         thereof as in effect immediately prior to the Closing. Neither the Company nor, to the
                                         Knowledge of any Seller or the Company, any other party, is in breach or violation of,
                                         or default under, any such Material Contract, and no event has occurred, is pending or,
                                         to the Knowledge of any Seller or the Company, is threatened, which, after the giving
                                         of notice, with lapse of time, or otherwise, would constitute a breach or default by
                                         the Company or any other party under such Material Contract.

  

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		(iii)	The
                                         Company is not party to any oral contract, agreement or other arrangement that, if reduced
                                         to written form, would be required to provide under the terms of Section 3(y)

 

		(z)	Employees.

 

		(i)	Seller
                                         has provided to Buyer a true, correct and complete list as of October [ ], 2019 of the
                                         following information for each employee of the Company, including any employee on leave
                                         of absence or layoff status: name; job title; current compensation paid or
                                         payable; any change in compensation since December 31, 2018; vacation accrued;
                                         and service credited for purposes of vesting and eligibility to participate Benefit Plans,
                                         severance pay, vacation or other plan maintained by the Company. Except as provided to
                                         Buyer, no employee is party to any written employment, service or consulting agreement,
                                         and all employees of the Company are employed on an at-will basis.

 

		(ii)	Seller
                                         has provided to Buyer a true, correct and complete list of any individual independent
                                         contractors currently engaged by the Company, along with the position, date of retention
                                         and rate of remuneration for each such Person. Except as provided to Buyer, no individual
                                         independent contractor is a party to any written agreement or contract with the Company.

 

		(iii)	To
                                         the Knowledge of any Seller or the Company, no manager, officer, key employee or significant
                                         group of employees of the Company intends to terminate his or her employment with the
                                         Company during the twelve (12) month period from and after the date of this Agreement.

 

		(iv)	All
                                         employees of the Company have obtained and currently maintain any licenses and permits
                                         necessary for each such employee to perform the services currently being performed by
                                         such employee on behalf of the Company, and any such licenses and permits are valid and
                                         in full force and effect.

 

		(v)	The
                                         Company has not materially breached or violated any (1) Laws and Regulations respecting
                                         employment and employment practices, terms and conditions of employment and wages and
                                         hours, including any such Laws and Regulations respecting employment discrimination,
                                         employee classification, workers’ compensation, family and medical leave, the immigration
                                         status and occupational safety and health requirements, or (2) employment agreement or
                                         other agreement covering individual employees; and no claims, controversies, investigations,
                                         audits or suits are pending or, to the Knowledge of any Seller or the Company, threatened
                                         with respect to such Laws and Regulations or agreements, either by private individuals
                                         or by Governmental Entities. The Company has not incurred any liability arising from
                                         the misclassification of employees as consultants or independent contractors, or from
                                         the misclassification of consultants or independent contractors as employees.

 

		(vi)	The
                                         Company has withheld and paid to the appropriate Governmental Entity or is holding for
                                         payment not yet due to such Governmental Entity all amounts required to be withheld from
                                         the Company’s employees and the Company is not liable for any arrears of wages,
                                         Taxes, penalties or other sums for failure to comply with any of the foregoing.

  

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	(aa)	Benefit
                                         Plans. The Company have provided to Buyer a true, correct and complete list
                                         of all Benefit Plans offered by the Company. Each such Benefit Plan complies in all material
                                         respects, and has complied in all material respects since inception, by its terms and
                                         in operation, with the requirements provided by any and all Laws and Regulations then
                                         in effect and applicable to such plan, and the Company has timely made (or accrued, if
                                         not yet due) all payments or contributions required to be made thereunder.

 

		(bb)	Guarantees,
Warranties and Discounts.

 

		(i)	The
                                         Company is not party to or bound by any agreement of guarantee, indemnification, assumption
                                         or endorsement or any other like commitment of the obligations, liabilities (whether
                                         accrued, absolute, contingent or otherwise) or Indebtedness of any Person.

 

		(ii)	The
                                         Company has not given any guarantee or warranty in respect of any of the goods and services
                                         provided by it, except warranties made in the Ordinary Course of Business.

 

		(iii)	In
                                         each of the two (2) years prior to the date hereof, no claims have been made against
                                         the Company or the Business for breach of warranty or contract or negligence or for a
                                         price adjustment or other concession in respect of any failure to perform services or
                                         work.

 

		(iv)	There
                                         are no letters of credit, bonds or other financial security arrangements currently in
                                         place in connection with any transactions with its suppliers or customers, nor does the
                                         Company provide letters of credit, bonds or other financial security arrangements in
                                         the normal course of business.

 

	(cc)	Intellectual
                                         Property. The Company owns, possesses or can obtain on commercially reasonable terms
                                         sufficient legal rights to all Intellectual Property necessary to the Business of the
                                         Company as presently conducted without any conflict with, or infringement or misappropriation,
                                         of the rights of others, the lack of which could reasonably be expected to have a Material
                                         Adverse Effect. Except for (i) agreements with its own employees or consultants in the
                                         form(s) delivered to Buyer, (ii) agreements otherwise provided by Buyer, (iii) standard
                                         end-user license agreements for generally commercially available software in object code
                                         form or on a hosted basis that will not to any extent be part of any product or service
                                         of the Company and related support/maintenance agreements and nonexclusive licenses of
                                         the Company’s software and products in object-code form or on a hosted basis in
                                         the Ordinary Course of Business pursuant to standard end-user agreements, the form of
                                         which has been provided to Buyer (collectively, “Standard Licenses”),
                                         there are no outstanding options, licenses or agreements relating to the Intellectual
                                         Property owned or purported to be owned by the Company, and the Company is not bound
                                         by or a party to any options, licenses or agreements with respect to the Intellectual
                                         Property of any other person or entity. The Company has not received any written communication
                                         alleging that the Company has violated or, by conducting its Business as currently conducted,
                                         would violate any of the Intellectual Property of any other Person, nor is the Company
                                         or any Seller aware of any basis therefor. Except as described in agreements provided
                                         to Buyer, the Company is not obligated to make any payments by way of royalties, fees
                                         or otherwise to any owner or licensor of or claimant to any Intellectual Property with
                                         respect to the use thereof in connection with the conduct of its Business as presently
                                         conducted. There are no agreements, understandings, instruments, contracts, judgments,
                                         orders or decrees to which the Company is a party or by which it is bound which involve
                                         indemnification by the Company with respect to infringements of Intellectual Property.
                                         To the extent the Company has embedded any “open source,” “copyleft”
                                         or “community source” code in any of its products or services generally available
                                         or in development, including but not limited to any libraries or code licensed under
                                         any general public license or similar license arrangement, the Company is in compliance
                                         with the terms of any such licenses and any such software and licenses. The Company is
                                         not subject to any agreement, license or contractual obligation that would require (or
                                         purport to require) the distribution, license, or disclosure of the source code of such
                                         software or derivative works thereof or prohibit (or purport to prohibit) the Company
                                         from charging for the distribution, license or use of the software or derivative works
                                         thereof or otherwise limit the use, distribution or license of such software or derivative
                                         works thereof for commercial purposes.

  

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	(dd)	Insurance.
                                         Seller has provided Buyer a true, correct and complete list of all insurance policies
                                         maintained by the Company or under which the Company is covered in respect of the properties,
                                         assets, operations and personnel utilized in the operation of the Business as of the
                                         date hereof. Complete and correct copies of all such insurance policies have been provided
                                         to Buyer. Such insurance policies are in full force and effect and the Company is not
                                         in default with respect to the payment of any premium or compliance with any of the provisions
                                         contained in any such insurance policy. There are no circumstances under which the Company
                                         would be required to or, in order to maintain its coverage, should give any notice to
                                         the insurers under any such insurance policies which have not been given. The Company
                                         has not received notice from any of the insurers regarding cancellation of such insurance
                                         policies. The Company has not failed to give any notice of or to present any claim under
                                         any such insurance policy in due and timely fashion. Neither any Seller nor the Company
                                         has received notice from any of the insurers denying any claims under such policies.

	(ee)	No
                                         Material Adverse Change. Since the date of the Interim Statement of Assets, Liabilities
                                         and Owners’ Equity, there has been no Material Adverse Change in the affairs, operations
                                         or Condition of the Company or the Business, and no event has occurred or circumstance
                                         exists which may be reasonably expected to result in such a Material Adverse Change.

 

	(ff)	Compliance
                                         with Laws. The Company has at all times complied in all material respects, and is
                                         currently in material compliance, with all Laws and Regulations that apply to the Company,
                                         the Business, the Company’s business practices, employees, operations and any of
                                         the Company’s owned or leased real or personal properties, except where the effect
                                         of any such non- compliance, individually or in the aggregate, has not had and would
                                         not reasonably be expected to result in a Material Adverse Change.

 

	(gg)	[Reserved]

 

	(hh)	Customers
                                         and Suppliers. Seller has provided Buyer with list of (a) customers of the Business
                                         that purchased from the Company during the calendar years 2018 and 2017, and the amount
                                         of revenues accounted for by such customer during such calendar year, and (b) each supplier
                                         to the Company of any significant product or service that would not be able to be obtained
                                         from another supplier without unreasonable delay, expense or burden. No such customer
                                         or supplier has indicated within the past year that it will stop, or materially decrease
                                         the rate of, buying materials, products or services or supplying materials, products
                                         or services, as applicable, to the Business.

 

	(ii)	Data
                                         Collection. In connection with its collection, storage, transfer (including, without
                                         limitation, any transfer across national borders) and/or use of any personally identifiable
                                         information from any individuals, including, without limitation, any customers, prospective
                                         customers, employees and/or other third parties (collectively, “Personal Information”)
                                         and any other data, the Company is and has been in compliance in all material respects
                                         with all applicable laws in all relevant jurisdictions, the Company’s privacy policies
                                         and the requirements of any contract or codes of conduct to which the Company is a party.
                                         The Company has commercially reasonable security measures and policies in place to protect
                                         all Personal Information and other data collected by it or on its behalf from and against
                                         unauthorized access, use and/or disclosure. The Company is and has been in compliance
                                         in all material respects with all laws relating to data loss, theft and breach of security
                                         notification obligations.

 

	(jj)	Broker’s
                                         Fees. No broker, investment banker, financial advisor or other person, is entitled
                                         to any broker’s, finder’s, financial advisor’s or other similar fee
                                         or commission in connection with this Agreement or the transactions contemplated hereby
                                         based upon arrangements made by or on behalf of any Seller.

  

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	(kk)	Regulation
                                         S. Each Seller is a non-U.S. person (as such term is defined in Rule 902 of Regulation
                                         S promulgated under the Securities Act (“Regulation S”)) and is not
                                         acquiring the Ordinary Shares for the account or benefit of a U.S. person. No Seller
                                         will, within six (6) months of the date of the transfer of the Ordinary Shares to the
                                         Seller, (i) make any offers or sales of the Shares in the United States or to, or for
                                         the benefit of, a U.S. person (in each case, as defined in Regulation S) other than in
                                         accordance with Regulation S or another exemption from the registration requirements
                                         of the Securities Act, or (ii) engage in hedging transactions with regard to the Shares
                                         unless in compliance with the Securities Act. Neither any Seller nor any of the Seller’s
                                         Affiliates or any Person acting on their behalf has engaged or will engage in directed
                                         selling efforts (within the meaning of Regulation S) with respect to the Ordinary Shares,
                                         and all such persons have complied and will comply with the offering restriction requirements
                                         of Regulation S in connection with the offering of the Ordinary Shares outside of the
                                         United States. No Seller nor any Person acting on any Seller’s behalf has undertaken
                                         or carried out any activity for the purpose of, or that could reasonably be expected
                                         to have the effect of, conditioning the market in the United States, its territories
                                         or possessions, for any of the Ordinary Shares. Seller agree not to cause any advertisement
                                         of the Ordinary Shares to be published in any newspaper or periodical or posted in any
                                         public place and not to issue any circular relating to the Ordinary Shares, except such
                                         advertisements that include the statements required by Regulation S, and only offshore
                                         and not in the U.S. or its territories, and only in compliance with any local applicable
                                         securities laws. Further, any such sale of the Ordinary Shares in any jurisdiction outside
                                         of the United States will be made in compliance with the securities laws of such jurisdiction.
                                         Seller will not offer to sell or sell the Ordinary Shares in any jurisdiction unless
                                         the applicable Seller obtains all required consents, if any.

 

	(ll)	Foreign
                                         Investors. Seller represents that they has satisfied themselves as to the full observance
                                         by Seller of the laws of the jurisdictions applicable to each Seller in connection with
                                         the purchase of the Ordinary Shares or the execution and delivery by each Seller of this
                                         Agreement, including (i) the legal requirements within its jurisdiction for the purchase
                                         of the Ordinary Shares, (ii) any foreign exchange restrictions applicable to the purchase,
                                         (iii) any governmental or other consents that may need to be obtained, and (iv) the income
                                         tax and other tax consequences, if any, that may be relevant to any Seller’s purchase,
                                         holding, redemption, sale, or transfer of the Ordinary Shares. Each Seller’s receipt
                                         of, and continued beneficial ownership of, the Ordinary Shares will not violate any securities
                                         or other laws of any Seller’s jurisdiction applicable to such Seller.

 

	(mm)	Experience
                                         of Seller. Each Seller, either alone or together with its representatives, has such
                                         knowledge, sophistication and experience in business and financial matters so as to be
                                         capable of evaluating the merits and risks of the prospective investment in the Ordinary
                                         Shares, and has so evaluated the merits and risks of such investment. Each Seller is
                                         able to bear the economic risk of an investment in the Ordinary Shares and, at the present
                                         time, is able to afford a complete loss of such investment.

 

	(nn)	Access
                                         to Information. Each Seller acknowledges that it has had the opportunity to review
                                         the transaction documents and all reports and documents filed by the Buyer, or its predecessor,
                                         with the Securities and Exchange Commission, and has been afforded (i) the opportunity
                                         to ask such questions as it has deemed necessary of, and to receive answers from, representatives
                                         of the Buyer concerning the terms and conditions of the offering of Ordinary Shares and
                                         the merits and risks of investing in the Ordinary Shares; (ii) access to information
                                         about the Buyer and its financial condition, results of operations, business, properties,
                                         management and prospects sufficient to enable it to evaluate its investment; and
                                         (iii) the opportunity to obtain such additional information that the Buyer possesses
                                         or can acquire without unreasonable effort or expense that is necessary to make an informed
                                         investment decision with respect to the investment.

 

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	(oo)	No
                                         Registration. Seller understands that the Ordinary Shares have not been, and will
                                         not be, registered under the Securities Act or applicable securities laws of any state
                                         or country and therefore the Ordinary Shares cannot be sold, pledged, assigned or otherwise
                                         disposed of unless they are subsequently registered under the Securities Act and applicable
                                         state securities laws or exemptions from such registration requirements are available.
                                         Except as described in Section 4.2 herein, Buyer shall be under no obligation to register
                                         the Ordinary Shares under the Securities Act and applicable state securities laws, and
                                         any such registration shall be in Buyer’s sole discretion.

 

	(pp)	No
                                         General Solicitation. Seller is not receiving the Ordinary Shares as a result of
                                         any advertisement, article, notice or other communication regarding the Ordinary Shares
                                         published in any newspaper, magazine or similar media or broadcast over television or
                                         radio or presented at any seminar or any other general solicitation or general advertisement.

 

	(qq)	Disclosure.
                                         No representation or warranty contained in this Section 3.1, and no statement contained
                                         in any certificate, list, summary or other disclosure document provided or to be provided
                                         to Buyer pursuant hereto or in connection with the transactions contemplated hereby,
                                         contains or will contain any untrue statement of a material fact, or omits or will omit
                                         to state any material fact which is necessary in order to make the statements contained
                                         therein not misleading.

 

	(rr)	Copies
                                         of Documents. Complete and correct copies (including all amendments) of all contracts
                                         and other documents required to be provided to Buyer under the terms of this Agreement
                                         have been delivered to Buyer.

 

		3.2	Representations
and Warranties by Buyer

 

		(a)	Buyer
represent and warrant that as of the date hereof:

 

		(i)	Valid
                                         Existence. Buyer is a limited liability company duly organized, validly existing
                                         and on active status under the laws of its jurisdiction of organization, with all requisite
                                         limited liability company power and authority to and all authorizations, licenses and
                                         permits necessary to own and operate its properties and to carry on its business as now
                                         conducted.

 

		(ii)	Authority
                                         and Binding Obligation. Buyer has all requisite power and authority to execute and
                                         deliver this Agreement and all other agreements contemplated hereby to which it is a
                                         party and to perform its obligations hereunder and thereunder. The execution and delivery
                                         by Buyer of this Agreement and all other agreements contemplated hereby to which it is
                                         a party and the consummation by Buyer of the transactions contemplated hereby and thereby
                                         have been duly and validly authorized by all necessary corporate action on the part of
                                         Buyer. This Agreement has been duly and validly executed and delivered by Buyer and constitutes
                                         a valid and binding obligation of Buyer, enforceable against Buyer in accordance with
                                         its terms, except as enforceability hereof may be limited by bankruptcy, insolvency,
                                         reorganization, moratorium or other Laws and Regulations affecting creditors’ rights
                                         generally and limitations on the availability of equitable remedies.

 

		(iii)	Contractual
                                         and Regulatory Approvals. Except for in connection with the issuance of the Ordinary
                                         Shares, Buyer is not under any obligation, contractual or otherwise, to request or obtain
                                         the consent of any Person, and no permits, licenses, certifications, authorizations or
                                         approvals of, or notifications to, any Governmental Entity are required to be obtained
                                         by Buyer in connection with the execution, delivery or performance of this Agreement
                                         or the completion of any of the transactions contemplated herein.

  

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		(iv)	Compliance
                                         with Organizational Documents. The execution, delivery and performance of this Agreement
                                         and each of the other agreements contemplated or referred to herein by Buyer and the
                                         completion of the transactions contemplated hereby, will not constitute or result in
                                         a violation or breach of or default under any term or provision of the Organizational
                                         Documents of Buyer.

 

		(v)	No
                                         Proceedings. There are no actions, suits or proceedings, judicial or administrative
                                         (whether or not purportedly on behalf Buyer or others) pending or to the Knowledge of
                                         Buyer, threatened, by or against Buyer that relate to the completion of the transaction
                                         contemplated by this Agreement, before or by any court or any Governmental Entity.

 

		(vi)	Broker’s
                                         Fees. Buyer has no liability or obligation to pay any fees or commissions to any
                                         broker, finder or agent with respect to the transactions contemplated by this Agreement.

 

		(b)	Buyer
represents and warrants to the Seller that, as of the date hereof, the Ordinary Shares, when issued in accordance with the terms
of this Agreement, will be duly authorized, validly issued, fully paid and nonassessable, free of all preemptive rights, and no
further consents of any Person shall be required in connection with the issuance thereof.

 

ARTICLE
IV

COVENANTS

 

		4.1	Covenants
by Seller and the Company

 

Seller
and the Company covenant that they will do or cause to be done the following:

 

		(a)	Financial
Statements. Seller and the Company shall cooperate with Buyer with respect to any post-Closing audit and any audit
of prior years’ financial statements that may be required by regulatory authorities in the future.

 

		(b)	Legends.
                                         The Ordinary Shares may only be disposed of in compliance with state and federal securities
                                         laws. In connection with any transfer of Ordinary Shares other than pursuant to an effective
                                         registration statement or Rule 144 of the Securities Act, Seller may require the transferor
                                         thereof to provide to Seller an opinion of counsel selected by the transferor and reasonably
                                         acceptable to the Seller, the form and substance of which opinion shall be reasonably
                                         satisfactory to the Seller, to the effect that such transfer does not require registration
                                         of such transferred Ordinary Shares under the Securities Act. Seller agrees to the imprinting,
                                         so long as is required by this Section 4.1(d), of a legend on all of the certificates
                                         evidencing the Ordinary Shares in the following form:

 

THIS
SECURITY HAS NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE
UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY,
MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE
EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH
APPLICABLE STATE SECURITIES LAWS.

 

THESE
SECURITIES ARE BEING OFFERED TO INVESTORS WHO ARE NOT U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT OF 1933,
AS AMENDED (“THE SECURITIES ACT”)) AND WITHOUT REGISTRATION WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION
UNDER THE SECURITIES ACT IN RELIANCE UPON REGULATION S PROMULGATED UNDER THE SECURITIES ACT. TRANSFER OF THESE SECURITIES IS PROHIBITED,
EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF REGULATION S PROMULGATED UNDER THE SECURITIES ACT, PURSUANT TO REGISTRATION UNDER
THE SECURITIES ACT, OR PURSUANT TO AVAILABLE EXEMPTION FROM REGISTRATION. HEDGING TRANSACTIONS MAY NOT BE CONDUCTED UNLESS IN
COMPLIANCE WITH THE SECURITIES ACT.

  

    18

     

    

 

Each
Seller agrees that it will sell any Ordinary Shares pursuant to either the registration requirements of the Securities Act, including
any applicable prospectus delivery requirements, or an exemption therefrom, and that if the Ordinary Shares are sold pursuant
to a registration statement, they will be sold in compliance with the plan of distribution set forth therein, and acknowledges
that the removal of the restrictive legend from certificates representing Ordinary Shares as set forth in this Section 4.1(d)
is predicated upon Buyer’s reliance upon this understanding.

 

		4.2	Covenant
by Buyer

 

		(a)	Registration
                                         Rights. If Buyer proposes to register its Ordinary Shares under the Securities Act
                                         in connection with the public offering of such securities solely for cash (other than
                                         in an Excluded Registration) or a resale of certain of such securities by Buyer’s
                                         stockholders, Buyer shall, at such time, promptly give each Seller notice of such registration.
                                         Upon the request of each Seller given within twenty (20) days after such notice is given
                                         by Buyer, Buyer shall cause to be registered all of the Ordinary Shares that each such
                                         Seller beneficially holds and has requested to be included in such registration. Buyer
                                         shall have the right to terminate or withdraw any registration initiated by it before
                                         the effective date of such registration, whether or not any Seller has elected to include
                                         Ordinary Shares in such registration. The expenses of such withdrawn registration shall
                                         be borne by Buyer.

 

		4.3	Consents

 

The
Parties shall cooperate with each other and proceed, as promptly as is reasonably practicable, to make any filings (and comply
with associated requests for information) and to obtain any necessary consents and approvals from government bodies, regulators,
lenders, landlords and other Third Parties, and to endeavor to comply with all other legal or contractual requirements for or
preconditions to the execution and consummation of the transactions contemplated hereby.

 

		4.4	Preparation
of Tax Returns.

 

		(a)	Buyer
                                         and Seller agrees to furnish or cause to be furnished to each other, upon request, as
                                         promptly as practicable, such information and assistance relating to the Company as is
                                         reasonably necessary for the filing of all Tax Returns and the making of any election
                                         related to Taxes, the preparation of any audit by any Governmental Authority and the
                                         prosecution of or defense of any claim, suit or proceeding relating to any Tax Return.
                                         Buyer and Seller agrees to maintain or arrange for the maintenance of all records necessary
                                         to comply with this Section 4.4(a), including all Tax Returns, schedules and work
                                         papers and all material records or other documents relating thereto, until the expiration
                                         of the applicable statute of limitations (including extensions) for the taxable years
                                         to which such Tax Returns and other documents relate and, unless the relevant portions
                                         of such Tax Returns and other documents are offered to the other party, until the final
                                         determination of any payments which may be required in respect of such years under this
                                         Agreement or such longer period as may be required hereof. Any information obtained under
                                         this Section 4.4(a) shall be kept confidential, except as may be otherwise necessary
                                         in connection with the filing of Tax Returns or claims for refund or in conducting any
                                         audit or other Tax-related proceeding. Each Party agrees to afford the other reasonable
                                         access to such records during normal business hours.

  

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		(b)	(i)
                                         Seller and the Company shall be liable, jointly and severally, for and shall pay all
                                         Taxes, whether assessed or unassessed, applicable to the Company, in each case attributable
                                         to all periods prior to the Closing Date; (ii) Buyer liable for and shall pay all
                                         Taxes, whether assessed or unassessed, applicable to the Company, in each case attributable
                                         to periods beginning on or after the Closing Date; and (iii) all real property Taxes,
                                         personal property Taxes and similar ad valorem obligations levied with respect
                                         to the Company for a taxable period which includes (but does not end on) the Closing
                                         Date (collectively, the “Apportioned Obligations”) will be apportioned
                                         between Seller, on the one hand, and Buyer, on the other hand, as of the Closing Date
                                         based on the number of days of such taxable period on or prior to the Closing Date and
                                         the number of days of such taxable period after the Closing Date (it being understood
                                         that (x) Seller is responsible for the portion of each such Apportioned Obligations attributable
                                         to the number of days on or before the Closing Date in the relevant assessment period,
                                         (y) Buyer is responsible for the portion of each such Apportioned Obligations attributable
                                         to the number of days after the Closing Date in the relevant assessment period, and (z)
                                         each Party shall be entitled to reimbursement for the payment of any part of the other
                                         Party’s portion of any Apportioned Obligations).

 

		(c)	All
                                         refunds of Taxes related to the Company for any period prior to the Closing shall be
                                         the property of Seller. To the extent that Buyer or the Company receives a Tax refund
                                         that is the property of Seller to this Section 4.4(c), Buyer shall promptly pay
                                         to each Seller an amount of such Tax refund proportional to such Seller’s ownership
                                         of the Company Shares prior to the Closing (including any interest thereon actually received
                                         from the Governmental Authority).

 

ARTICLE
V

RESERVED. 

 

ARTICLE
VI

CLOSING

 

		6.1	Closing
Arrangements

 

Subject
to the terms and conditions hereof, the Closing shall take place at on the date hereof by the electronic exchange of documents,
or at such other place or places as may be mutually agreed upon by all of the Parties.

 

		6.2	Documents
to be Delivered

 

At
or before the Closing, Seller and the Company, as applicable, shall execute, or cause to be executed, and shall deliver, or cause
to be delivered, to Buyer, all agreements, instruments, notices, certificates and other documents, or counterpart signatures thereof,
which are required to be delivered by Seller and the Company, as applicable, pursuant to the provisions of this Agreement, and
Buyer shall execute, or cause to be executed, and shall deliver, or cause to be delivered to Seller all directions and all agreements,
instruments, notices, certificates and other documents, or counterpart signatures thereof, which Buyer is required to deliver
or cause to be delivered pursuant to the provisions of this Agreement, including the following:

 

		(a)	Documents
to be delivered by Seller and the Company:

 

		(i)	this
Agreement, duly executed by Seller and the Company;

 

		(ii)	certified
copies of all necessary Company and Seller resolutions, authorizations and proceedings of the directors, shareholders, members
or managers of the Company or Seller that are required to be taken or obtained to permit the due and valid transfer of the Company
Shares to Buyer, to authorize the execution, delivery and performance of this Agreement and completion of such other transactions
contemplated herein;

  

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		(iii)	evidence
of discharge of all Encumbrances (or arrangements satisfactory to the Buyer thereof);

 

		(iv)	resignations
of Company officers and/or directors as requested by Buyer; and

 

		(v)	all
such other documents and instruments that are incidental to the foregoing as the Buyer may reasonably require.

 

		(b)	Documents
to be delivered or cause to be delivered by Buyer:

 

		(i)	this
Agreement, duly executed by Buyer; and

 

		(ii)	all
                                         such other documents and instruments that Seller may reasonably require in connection
                                         with the transactions contemplated hereby.

 

ARTICLE
VII

INDEMNIFICATION

 

		7.1	Indemnity
by Seller

 

Subject
to the provisions of the other sections of this Article VII, Seller and the Company hereby agree, jointly and severally,
to indemnify and hold harmless Buyer and any and all of their officers, directors, managers, members, agents and other
Affiliates (collectively, the “Buyer Parties”) from and against any and all claims, losses, damages, costs
(including attorneys’ and paralegals’ fees, as well as remediation costs, fines and penalties), expenses and liabilities,
of every kind and nature, whether known or unknown, choate or inchoate (collectively, “Losses”), which may
be made or brought against any Buyer Party, or which any Buyer Party may suffer or incur as a result of, in respect of or arising
out of:

 

		(a)	any
                                         misrepresentation, inaccuracy, incorrectness or breach of any representation or warranty
                                         made by Seller or the Company in this Agreement or contained in any document or certificate
                                         given in order to carry out the transactions contemplated hereby;

 

		(b)	any
non-performance or non-fulfillment of any covenant or agreement on the part of Seller or the Company contained in this Agreement
or in any document given in order to carry out the transactions contemplated hereby;

 

		(c)	any
                                         liability or obligation of Seller or the Company for Taxes, including, without limitation,
                                         (i) any Taxes arising as a result of Seller’ ownership or operation of the Company
                                         and the Business prior to the Closing Date, and (ii) any Transfer Taxes or other Taxes
                                         which are the obligation of Seller under this Agreement, as a transferee or successor,
                                         by contract, or otherwise; and

 

		7.2	Indemnity
by Buyer

 

Buyer hereby agrees to indemnify and hold harmless Seller and the Company, any and all of their respective officers, directors,
managers, members, agents and other Affiliates (the “Seller Parties”) from and against any Losses which may
be made or brought against the Seller Parties or which the Seller Parties may suffer or incur as a result of, in respect of or
arising out of:

 

		(a)	any
                                         non-performance or non-fulfillment of any covenant or agreement on the part of Buyer
                                         contained in this Agreement or in any document given thereby in order to carry out the
                                         transactions contemplated hereby; and

 

		(b)	any
                                         misrepresentation, inaccuracy, incorrectness or breach of any representation or warranty
                                         made by Buyer contained in this Agreement or contained in any document or certificate
                                         given in order to carry out the transactions contemplated hereby.

  

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		7.3	Indemnification
Cap

 

In
no event shall the aggregate indemnification to be paid by any Seller under this Article VII exceed the greater of (x)
the product of the Purchase Price multiplied by the proportion of such Seller’s Company Shares to the total amount of Company
Shares (the “Seller Purchase Price”), or (y) the product of (i) the average closing price of the Ordinary Shares
on the NASDAQ Capital Market (or succeeding trading market) over the five (5) trading days preceding the Determination Date (as
defined below) multiplied by (ii) the number of Ordinary Shares received by such Seller upon the consummation of the transactions
contemplated hereby (the “Individual Seller Cap”). Notwithstanding the foregoing, the Individual Seller Cap
shall not apply to claims for indemnification resulting from or relating to breaches by such Seller constituting fraud or intentional
misconduct. In no event shall the aggregate indemnification to be paid by Buyer under this Article VII exceed the Purchase
Price.

 

As
used herein, “Determination Date” shall mean the date on which a Seller first receives a claim for indemnification
from the Buyer.

 

ARTICLE
VIII 

GENERAL
PROVISIONS

 

		8.1	Further
Assurances

 

Each
of the Company, Seller and Buyer hereby covenant and agree that, at any time and from time to time after the Closing Date, such
Party will, upon the request of any other Party, do, execute, acknowledge and deliver or cause to be done, executed, acknowledged
and delivered all such further acts, deeds, assignments, transfers, conveyances and assurances as may be reasonably required for
the better carrying out and performance of all the terms of this Agreement.

 

		8.2	Remedies
Cumulative

 

Except
as otherwise provided in Article VII, the rights and remedies of the Parties under this Agreement are cumulative and in
addition to and not in substitution for any rights or remedies provided by law. Any single or partial exercise by any Party hereto
of any right or remedy for default or breach of any term, covenant or condition of this Agreement does not waive, alter, affect
or prejudice any other right or remedy to which such Party may be lawfully entitled for the same default or breach.

 

		8.3	Notices

 

		(a)	Any
                                         notice, designation, communication, request, demand or other document, required or permitted
                                         to be given or sent or delivered hereunder to any Party hereto shall be in writing and
                                         shall be sufficiently given or sent or delivered if it is:

		(i)	delivered
via courier to such Party; or

		(ii)	sent
to the Party entitled to receive it by mail, postage prepaid; or

		(iii)	delivered
via email to such Party.

 

		(b)	Notices
                                         shall be sent to the following addresses:

 

Seller:
Zhuji Xingmai Network Technology Co., Ltd

198
Donger Road, Jiyang Street, Zhuji city, Zhejiang province, China

138109199@qq.com

   

Buyer: Bat Group, Inc.

Room
104, No. 33 Section D, No. 6 Middle Xierqi Road, Haidian District, Beijing, China

Tina.xiao@ascent-ir.com

  

    22

     

    

 

With
a copy (for informational purposes only) to the Buyer’s Counsel:

Hunter
Taubman Fischer & Li LLC

1450
Broadway, 26th Floor

New
York, NY 10018

Attn:
Joan Wu, Esq.

Telephone:
212 530 2208

Facsimile:
212 202 6380

Email:
jwu@htflawyers.com

 

Or
to such other address as the Party entitled to or receiving such notice, designation, communication, request, demand or other
document shall, by a notice given in accordance with this Section 8.3(b), have communicated to the Party giving or sending or
delivering such notice, designation, communication, request, demand or other document.

 

If
delivered as aforesaid, be deemed to have been given, sent, delivered and received on the date of delivery; and

 

If
sent by mail as aforesaid, be deemed to have been given, sent, delivered and received on the fifth (5th) Business Day following
the date of mailing.

 

		8.4	Counterparts

 

This
Agreement may be executed in a number of counterparts; all of which when taken together shall be considered on and the same agreement
and shall become effective when counterparts have been signed by each party and delivered to each other party, it being understood
that the parties need not sign the same counterpart. In the event that any signature is delivered by facsimile transmission or
by e-mail delivery of a “.pdf” format data file, such signature shall create a valid and binding obligation of the
party executing (or on whose behalf such signature is executed) with the same force and effect as if such facsimile or “.pdf”
signature page were an original thereof.

 

		8.5	Expenses
of Parties

 

Except
as otherwise expressly provided herein, the Parties hereto shall pay their own respective expenses incident to the preparation
of this Agreement and to the consummation of the transactions provided for herein.

 

		8.6	Successors
and Assigns

 

This
Agreement shall be binding upon and inure to the benefit of the Parties hereto and their respective successors and permitted assigns,
as the case may be. Notwithstanding the foregoing, however, this Agreement may not be assigned by Seller, and may not be assigned
by Buyer except to another entity under common control with Buyer upon prior written notice to Seller. Nothing herein, express
or implied, is intended to confer upon any Person, other than the Parties hereto and their respective successors and permitted
assigns, any rights, remedies, obligations or liabilities under or by reason of this Agreement.

 

		8.7	Entire
Agreement

 

This
Agreement, attached Exhibits, together with any confidentiality agreement entered into in respect of the Company prior to the
date of this Agreement, constitute the entire agreement between the Parties hereto and, except as otherwise stipulated herein,
supersede all prior agreements, representations, warranties, statements, promises, information, arrangements and understandings,
whether oral or written, express or implied, with respect to the subject matter hereof.

  

    23

     

    

 

		8.8	Survival

 

Except
as otherwise expressly provided in this Agreement, the covenants, representations and warranties shall survive the Closing and
shall continue in full force and effect. Closing shall not prejudice any right of one Party against the other Party in respect
of anything done or omitted under this Agreement or in respect of any right to damages or other remedies.

 

		8.9	Additional
Remedies

 

Each
of the Parties hereto acknowledges and understands that non-performance or threatened non-performance of the covenants contained
herein may not be compensable in damages. Accordingly, each of the Parties agrees and accepts that any adverse Party may, in addition
to any other remedy for relief, enforce the performance of any covenant of this Agreement by injunction or specific performance
upon application to a court of competent jurisdiction without proof of actual damages to such Party or notwithstanding that damages
may be readily quantifiable and each of the Parties agrees not to plead sufficiency of damages as a defense in any proceeding
for such injunctive relief brought by the other Party.

 

		8.10	Severability

 

Any
term or provision of this Agreement that is invalid or unenforceable in any situation in any jurisdiction shall not affect the
validity or enforceability of the remaining terms and provisions hereof or the validity or enforceability of the offending term
or provision in any other situation or in any other jurisdiction. If the final judgment of a court of competent jurisdiction declares
that any term or provision hereof is invalid or unenforceable, the Parties agree that the court making the determination of invalidity
or unenforceability shall have the power to limit the term or provision, to delete specific words or phrases, or to replace any
invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing
the intention of the invalid or unenforceable term or provision, and this Agreement shall be enforceable as so modified

 

		8.11	Waiver

 

Any
Party hereto which is entitled to the benefits of this Agreement may, and has the right to, waive any term or condition hereof
at any time on or prior to the Closing; provided, however, that such waiver shall be evidenced by written instrument
duly executed on behalf of such Party.

 

		8.12	Submission
to Jurisdiction

 

Any
action, suit or proceeding seeking to enforce any provision of, or based on any right arising out of, this Agreement may be brought
against any of the Parties in any state or federal courts located in New York, New York, and each of the Parties consents to the
exclusive jurisdiction of such courts in any such action, suit or proceeding and waives any objection to venue laid therein. Each
of the Parties hereto hereby consents to service of process in any such suit, action or proceeding in any manner permitted by
the laws of the State of New York and waives and agrees not to assert by way of motion, as a defense or otherwise, in any such
action, suit or proceeding any claim that service of process made in accordance with this Agreement does not constitute good and
sufficient service of process.

 

		8.13	Amendments

 

No
modification or amendment to this Agreement may be made unless agreed to by the Parties hereto in writing.

 

[signature
page follows]

  

    24

     

    

 

	BUYER:	 	Seller:
	Bat Group, Inc.	 	Zhuji Xingmai Network Technology
    Co., Ltd
	 	 	 
	By:	/s/
    Jiaxi Gao	 	By:	/s/
    Yunfeng Qu
	Name:  	Jiaxi Gao	 	Name:  	Yunfeng Qu
	Title: 	CEO and Director	 	Title: 	CEO
	 	 	 
	Company:

	 	 
	Hangzhou Yihe Network Technology
    Co., Ltd.	 	 
	 	 	 
	By:	/s/
    Shuguang Yu	 	 
	Name: 	Shuguang Yu

	 	 
	Title: 	Authorized Person

	 	 

  

 

25

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