Document:

Exhibit 10.2

 

[ ], 2019

 

Fellazo Inc.

568 Jinshan West Road

Yong Kang City, Zhejiang Province, China
321300

Att: Nicholas Ting Lun Wong, Chief Executive
Officer

 

Maxim Group LLC

405 Lexington Avenue

New York, NY 10174

Att: Clifford Teller, Executive Managing
Director

 

	 	Re:	Initial Public Offering

 

Gentlemen:

 

This letter is being delivered to you in
accordance with the Underwriting Agreement (the “Underwriting Agreement”) entered into by and between
Fellazo Inc., a Cayman Islands exempted company (the “Company”), and Maxim Group LLC, as Representative
(the “Representative”) of the several Underwriters named in Schedule A thereto (the “Underwriters”),
relating to an underwritten initial public offering (the “IPO”) of the Company’s units (the “Units”),
each comprised of one ordinary share, par value $0.0001 per share, of the Company (the “Ordinary Shares”)
and one warrant (the “Warrant”) to purchase one Ordinary Share. Certain capitalized terms used herein
are defined in paragraph 17 hereof.

 

In order to induce
the Company and the Underwriters to enter into the Underwriting Agreement and to proceed with the IPO, and in recognition of the
benefit that such IPO will confer upon the undersigned as a shareholder or officer or director of the Company, and for other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned hereby agrees with the
Company as follows:

 

1.  If
the Company solicits approval of its shareholders of a Business Combination (as defined below), the undersigned will vote all Ordinary
Shares beneficially owned by him, her or it, whether acquired before, in or after the IPO, or whether such Ordinary Shares are
underlying the Private Units, in favor of such Business Combination.

 

2. (a)
In the event that the Company fails to consummate a Business Combination within the time period set forth in the Company’s
Amended and Restated Memorandum and Articles of Association, as the same may be amended from time to time, the undersigned shall
take all reasonable steps to (i) cause the Trust Fund to be liquidated and distributed to the holders of IPO Shares and (ii) cause
the Company to liquidate as soon as reasonably practicable.

 

(b) The undersigned
hereby waives any and all right, title, interest or claim of any kind (“Claim”) in, or, with respect
to his, her or its Insider Shares or Private Units, to any distribution of, the Trust Fund. The undersigned hereby waives any Claim
the undersigned may have in the future as a result of, or arising out of, any contracts or agreements with the Company and will
not seek recourse against the Trust Fund for any reason whatsoever. The undersigned acknowledges and agrees that there will be
no distribution from the Trust Fund with respect to any Warrants, which will terminate on the Company’s liquidation.

 

(c) In the event of
the liquidation of the Trust Fund, Swipy Ltd. (“Sponsor”) agrees to indemnify and hold harmless the Company
against any and all loss, liability, claims, damage and expense whatsoever (including, but not limited to, any and all legal or
other expenses reasonably incurred in investigating, preparing or defending against any litigation, whether pending or threatened,
or any claim whatsoever) which the Company may become subject as a result of any claim by any vendor or other person who is owed
money by the Company for services rendered or products sold to or contracted for the Company, or by any target business with which
the Company has discussed entering into a transaction agreement, but only to the extent necessary to ensure that such loss, liability,
claim, damage or expense does not reduce the amount of funds in the Trust Fund to below $10.00 per IPO Share; provided that
such indemnity shall not apply if such vendor or other person executes a waiver of any and all rights to seek access to the Trust
Account and except as to claims under the Company’s indemnity of the underwriters of the IPO against certain liabilities.

 

     

     

    

 

3. (a)
The Sponsor agrees that it shall not Transfer any Insider Shares until the earlier of (i) one (1) year after the date of the consummation
of the Business Combination; (ii) the date on which the closing price of the Ordinary Shares equals or exceeds $12.00 per share
(as adjusted for stock splits, stock dividends, reorganizations and recapitalizations) for any 20 trading days within any 30-trading
day period commencing after the Business Combination; and (iii) following the Business Combination, on the date the Company consummates
a subsequent liquidation, merger, stock exchange or other similar transaction which results in all of the Company’s shareholders
having the right to exchange their Ordinary Shares for cash, securities or other property.

 

(b) The Sponsor agrees that it shall not
effectuate any Transfer of securities issued or issuable upon the exercise of the Private Units or their underlying securities
until the completion of the Business Combination.

 

(c) Notwithstanding the provisions set
forth in paragraphs 3(a) and (b), Transfers of the Insider Shares, securities issued or issuable upon the exercise of the Private
Units or their underlying securities, and that are held by the Sponsor, any Insider or any of their transferees (that have complied
with this paragraph 3(c)), are permitted: (1) to any persons (including their affiliates and shareholders) participating in the
private placement of the Private Units, officers, directors, shareholders, employees and members of the Sponsor and its affiliates,
(2) amongst insiders or to the Company’s officers, directors and employees, (3) if a holder is an entity, as a distribution
to its, partners, shareholders or members upon its liquidation, (4) by bona fide gift to a member of the holder’s immediate
family or to a trust, the beneficiary of which is a holder or a member of a holder’s immediate family, for estate planning
purposes, (5) by virtue of the laws of descent and distribution upon death, (6) pursuant to a qualified domestic relations order,
(7) by certain pledges to secure obligations incurred in connection with purchases of the Company’s securities, (8) by private
sales at prices no greater than the price at which the applicable securities were originally purchased or (9) to the Company for
no value for cancellation in connection with the consummation of the Business Combination, in each case (except for clause 9) where
the transferee agrees to the terms of this letter agreement and by the same agreements entered into by the Sponsor with respect
to such securities.

 

4. [Intentionally
Omitted].

 

5. In
order to minimize potential conflicts of interest which may arise from multiple affiliations, the undersigned directors and officers
of the Company agree to present to the Company for its consideration, prior to presentation to any other person or entity, any
suitable opportunity to acquire a target business, until the earlier of the consummation by the Company of a Business Combination
or the liquidation of the Company, subject to any pre-existing fiduciary and contractual obligations the undersigned directors
and officers might have.

 

6.  The
undersigned acknowledges and agrees that prior to entering into a Business Combination with a target business that is affiliated
with any Insiders of the Company or their affiliates, such transaction must be approved by a majority of the Company’s disinterested
independent directors and the Company must obtain an opinion from an independent investment banking firm or independent accounting
firm that such Business Combination is fair to the Company’s unaffiliated shareholders from a financial point of view.

 

7. Neither
the undersigned, any member of the family of the undersigned, nor any affiliate of the undersigned will be entitled to receive
and will not accept any compensation or other cash payment for services rendered prior to, or in order to effectuate, the consummation
of the Business Combination; provided that the Company shall be allowed to (i) repay working capital loans made
by the undersigned or its affiliates to the Company in cash upon consummation of the Business Combination or, at the undersigned’s
discretion, with respect to up to an aggregate of $1,500,000 of working capital loans from all lenders, by converting such loans
into Private Units at a price of $10.00 per Private Unit, as more fully described in the Registration Statement, (ii) repay non-interest
bearing advances in an aggregate amount of $125,000 made to the Company by the Sponsor to cover the IPO expenses, (iii) pay $10,000
per month to an affiliate of a member of the Sponsor for office space and related services, and (iv) reimburse the undersigned
and any affiliate of the undersigned for their out-of-pocket expenses incurred in connection with identifying, investigating and
consummating a Business Combination.

 

8. Neither
any undersigned officer or director, any member of the family of any undersigned officer or director, nor any affiliate of any
undersigned officer or director will be entitled to receive or accept a finder’s fee or any other compensation in the event
any undersigned officer or director, any member of the family of any undersigned officer or director or any affiliate of any undersigned
officer or director originates a Business Combination.

 

    2

     

    

 

9.  The
undersigned officers and directors agree to be the officers and directors of the Company until the earlier of the consummation
by the Company of a Business Combination, the liquidation of the Company or such officer or director is officially replaced by
the Company’s board of directors. The undersigned officers’ and directors’ biographical information previously
furnished to the Company and the Representative is true and accurate in all material respects, does not omit any material information
with respect to the officers’ and directors’ biography and contains all of the information required to be disclosed
pursuant to Item 401 of Regulation S-K, promulgated under the Securities Act of 1933, as amended (the “Securities Act”).
Each of the undersigned officers’ and directors’ FINRA Questionnaire previously furnished to the Company and the Representative
is true and accurate in all material respects.

 

10. Each
of the undersigned represents and warrants that:

 

(a) He, she or
it has never had a petition under the federal bankruptcy laws or any state or foreign insolvency law been filed by or against
(i) him, her or it, or any partnership in which he, she or it was a general partner at or within two years before the time of
filing; or (ii) (to the extent the undersigned is an individual) any corporation or business association of which he or she
was an executive officer at or within two years before the time of such filing;

 

(b) He, she or it has never had a receiver,
fiscal agent or similar officer been appointed by a court for his or her business or property, or any such partnership;

 

(c) He, she, or
it has never been convicted of fraud in a civil or criminal proceeding;

 

(d) He, she, or
it has never been convicted in a criminal proceeding or named the subject of a pending criminal proceeding (excluding traffic violations
and minor offenses);

 

(e) He, she, or
it has never been the subject of any order, judgment or decree, not subsequently reversed, suspended or vacated, of any court of
competent jurisdiction, permanently or temporarily enjoining or otherwise limiting him from (i) acting as a futures commission
merchant, introducing broker, commodity trading advisor, commodity pool operator, floor broker, leverage transaction merchant,
any other person regulated by the Commodity Futures Trading Commission (“CFTC”) or an associated person of any of the
foregoing, or as an investment adviser, underwriter, broker or dealer in securities, or as an affiliated person, director or employee
of any investment company, bank, savings and loan association or insurance company, or from engaging in or continuing any conduct
or practice in connection with any such activity; or (ii) engaging in any type of business practice; or (iii) engaging in any activity
in connection with the purchase or sale of any security or commodity or in connection with any violation of federal or state securities
or federal commodities laws;

 

(f) He, she, or
it has never been the subject of any order, judgment or decree, not subsequently reversed, suspended or vacated, of any federal
or state authority barring, suspending or otherwise limiting for more than 60 days his, her or its right to engage in any activity
described in 8(e)(i) above, or to be associated with persons engaged in any such activity;

 

(g) He, she or
it has never been found by a court of competent jurisdiction in a civil action or by the SEC to have violated any federal, state,
or foreign securities law, where the judgment in such civil action or finding by the SEC has not been subsequently reversed, suspended
or vacated;

 

(h) He, she or
it has never been found by a court of competent jurisdiction in a civil action or by the CFTC to have violated any federal commodities
law, where the judgment in such civil action or finding by the CFTC has not been subsequently reversed, suspended or vacated;

 

(i) He, she or
it has never been the subject of, or a party to, any federal, state, or foreign judicial or administrative order, judgment, decree
or finding, not subsequently reversed, suspended or vacated, relating to an alleged violation of (i) any federal ,state or foreign
securities or commodities law or regulation, (ii) any law or regulation respecting financial institutions or insurance companies
including, but not limited to, a temporary or permanent injunction, order of disgorgement or restitution, civil money penalty or
temporary or permanent cease-and desist order, or removal or prohibition order or (iii) any law or regulation prohibiting mail
or wire fraud or fraud in connection with any business entity;

 

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(j) He, she or
it has never been the subject of, or party to, any sanction or order, not subsequently reversed, suspended or vacated, or any self-regulatory
organization, any registered entity, or any equivalent exchange, association, entity or organization that has disciplinary authority
over its members or persons associated with a member;

 

(k) He, she or
it has never been convicted of any felony or misdemeanor: (i) in connection with the purchase or sale of any security; (ii) involving
the making of any false filing with the SEC; or (iii) arising out of the conduct of the business of an underwriter, broker, dealer,
municipal securities dealer, investment advisor or paid solicitor of purchasers of securities;

 

(l) He, she or
it was never subject to a final order of a state or foreign securities commission (or an agency of officer of a state performing
like functions); a state or foreign authority that supervises or examines banks, savings associations, or credit unions; a state
or foreign insurance commission (or an agency or officer of a state performing like functions); an appropriate federal or foreign
banking agency; the Commodity Futures Trading Commission; or the National Credit Union Administration that is based on a violation
of any law or regulation that prohibits fraudulent, manipulative, or deceptive conduct;

 

(m) He, she or
it has never been subject to any order, judgment or decree of any court of competent jurisdiction, that, at the time of such sale,
restrained or enjoined him from engaging or continuing to engage in any conduct or practice: (i) in connection with the purchase
or sale of any security; (ii) involving the making of any false filing with the SEC or any foreign regulatory agency with similar
functions; or (iii) arising out of the conduct of the business of an underwriter, broker, dealer, municipal securities dealer,
investment adviser or paid solicitor of purchasers of securities;

 

(n) He, she or
it has never been subject to any order of the SEC or any foreign regulatory agency with similar functions that orders him to cease
and desist from committing or causing a future violation of: (i) any scienter-based anti-fraud provision of the foreign or federal
securities laws, including, but not limited to, Section 17(a)(1) of the Securities Act, Section 10(b) of the Securities Exchange
Act of 1934, as amended (the “Exchange Act”), and Rule 10b-5 thereunder, and Section 206(1) of the Investment Advisers
Act of 1940, as amended (the “Advisers Act”), or any other rule or regulation thereunder; or (ii) Section 5 of the
Securities Act;

 

(o) He, she or
it has never been named as an underwriter in any registration statement or Regulation A offering statement filed with the SEC that
was the subject of a refusal order, stop order, or order suspending the Regulation A exemption, or is, currently, the subject of
an investigation or proceeding to determine whether a stop order or suspension order should be issued;

 

(p) He, she or
it has never been subject to a United States Postal Service false representation order, or is currently subject to a temporary
restraining order or preliminary injunction with respect to conduct alleged by the United States Postal Service to constitute a
scheme or device for obtaining money or property through the mail by means of false representations;

 

(q) He, she or
it is not subject to a final order of a state securities commission (or an agency of officer of a state performing like functions);
a state authority that supervises or examines banks, savings associations, or credit unions; a state insurance commission (or an
agency or officer of a state performing like functions); an appropriate federal banking agency; the Commodity Futures Trading Commission;
or the National Credit Union Administration that bars the undersigned from: (i) association with an entity regulated by such commission,
authority, agency or officer; (ii) engaging in the business of securities, insurance or banking; or (iii) engaging in savings association
or credit union activities;

 

(r) He, she
or it is not subject to an order of the SEC entered pursuant to section 15(b) or 15B(c) of the Exchange Act or section 203(e) or
203(f) of the Advisers Act that: (i) suspends or revokes the undersigned’s registration as a broker, dealer, municipal securities
dealer or investment adviser; (ii) places limitations on the activities, functions or operations of, or imposes civil money penalties
on, such person; or (iii) bars the undersigned from being associated with any entity or from participating in the offering of any
penny stock; and

 

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(s) He, she or
it has never been suspended or expelled from membership in, or suspended or barred from association with a member of, a securities
self-regulatory organization (e.g., a registered national securities exchange or a registered national or affiliated securities
association) for any act or omission to act constituting conduct inconsistent with just and equitable principles of trade.

 

11. The
undersigned has full right and power, without violating any agreement by which he, she or it is bound, to enter into this letter
agreement and to hold the position/title in the Company indicated in the Registration Statement (if applicable).

 

12. The
undersigned hereby waives his, her or its right to exercise redemption rights (in connection with a Business Combination) with
respect to any Ordinary Shares owned or to be owned by the undersigned directly or indirectly, whether purchased prior to the IPO,
in the IPO or in the aftermarket, or whether such Ordinary Shares are underlying the Private Units, and agrees that he, she or
it will not seek redemption with respect to or otherwise sell, such shares in connection with any vote to approve a Business Combination
with respect thereto.

 

13. The
undersigned hereby agrees to not propose an amendment to the Company’s Amended and Restated Memorandum and Articles of Association
with respect to the Company’s pre-Business Combination activities prior to the consummation of a Business Combination that
would affect the substance or timing of the Company’s obligation to redeem 100% of the IPO Shares if the Company does not
complete a Business Combination within the time period set forth in the Amended and Restated Memorandum and Articles of Association.

  

14. In the event
that the Company does not consummate a Business Combination and must liquidate and its remaining net assets are insufficient to
complete such liquidation, the Sponsor agrees to advance such funds necessary to complete such liquidation and agrees not to seek
repayment for such expenses.

 

15. Each
officer of the Company agrees not to become involved with another publicly listed blank check company with a class of securities
registered under the Exchange Act prior to us announcing an agreement to acquire our initial Business Combination, or the expiration
of the period for us to announce and/or complete our initial Business Combination.

 

16. This
letter agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York, without
giving effect to conflicts of law principles that would result in the application of the substantive laws of another jurisdiction.
The undersigned hereby (i) agrees that any action, proceeding or claim against him arising out of or relating in any way to this
letter agreement (a “Proceeding”) shall be brought and enforced in the courts of the State of New York
of the United States of America for the Southern District of New York, and irrevocably submits to such jurisdiction, which jurisdiction
shall be exclusive, (ii) waives any objection to such exclusive jurisdiction and that such courts represent an inconvenient forum
and (iii) irrevocably agrees to appoint Ellenoff Grossman & Schole LLP as agent for the service of process in the State of
New York to receive, for the undersigned and on his behalf, service of process in any Proceeding.

 

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17. As used herein,
(i) a “Business Combination” shall mean a share exchange, share reconstruction and amalgamation with,
purchasing all or substantially all of the assets of, entering into contractual arrangements with, or any other similar business
combination with one or more businesses or entities; (ii) “Insiders” shall mean all officers, directors
and shareholders of the Company immediately prior to the IPO; (iii) “Insider Shares” shall mean all of
the Ordinary Shares of the Company acquired by an Insider prior to the IPO; (iv) “IPO Shares” shall mean
the Ordinary Shares issued in the Company’s IPO; (v) “Permitted Transferees” shall mean any transferee
that received securities of the Company upon a Transfer in compliance with Section 3(c) herein; (vi)”Private Units”
shall mean (x) the Units purchased in the private placement taking place simultaneously with the consummation of the Company’s
IPO and (y) additional Units that will be purchased in a private placement upon the full or partial exercise of the underwriters’
over-allotment option for the Company’s IPO; (vii) “Registration Statement” means the registration
statement on Form S-1 filed by the Company with respect to the IPO; (viii) ”Transfer” shall mean
the (a) sale of, offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any option to purchase or otherwise
dispose of or agreement to dispose of, directly or indirectly, or establishment or increase of a put equivalent position or liquidation
with respect to or decrease of a call equivalent position within the meaning of Section 16 of the Exchange Act and the rules
and regulations of the Commission promulgated thereunder with respect to, any security, (b) entry into any swap or other arrangement
that transfers to another, in whole or in part, any of the economic consequences of ownership of any security, whether any such
transaction is to be settled by delivery of such securities, in cash or otherwise, or (c) public announcement of any intention
to effect any transaction specified in clause (a) or (b); and (ix) “Trust Fund” shall mean the trust
fund into which a portion of the net proceeds of the Company’s IPO will be deposited.

 

18. Any
notice, consent or request to be given in connection with any of the terms or provisions of this letter agreement shall be in writing
and shall be sent by express mail or similar private courier service, by certified mail (return receipt requested), by hand delivery
or facsimile transmission.

 

19. No
party hereto may assign either this letter agreement or any of its rights, interests, or obligations hereunder without the prior
written consent of the other party. Any purported assignment in violation of this paragraph shall be void and ineffectual and shall
not operate to transfer or assign any interest or title to the purported assignee. This letter agreement shall be binding on the
parties hereto and any successors and assigns thereof.

 

20. The undersigned
acknowledges and understands that the Underwriters and the Company will rely upon the agreements, representations and warranties
set forth herein in proceeding with the IPO.

 

21. This
letter agreement constitutes the entire agreement and understanding of the parties hereto in respect of the subject matter hereof
and supersedes all prior understandings, agreements, or representations by or among the parties hereto, written or oral, to the
extent they relate in any way to the subject matter hereof or the transactions contemplated hereby. This letter agreement may not
be changed, amended, modified or waived (other than to correct a typographical error) as to any particular provision, except by
a written instrument executed by the Company and each officer or director that is the subject of any such change, amendment modification
or waiver.

 

[signature page follows]

 

    6

     

    

 

	 	SWIPY LTD
	 	 	 
	 	By:	 
	 	 	Name: 
	 	 	Title: 
	 	 
	 	 
	 	Anderson Toh Heng Hee
	 	 
	 	 
	 	Jonathan Peng Fei Chong
	 	 
	 	 
	 	Nichloas Ting Lun Wong
	 	 
	 	 
	 	Tiong Ming Tan 
	 	 
	 	 
	 	Chin Yong Tan
	 	 
	 	 
	 	Lijun Yu
	 	 
	 	 
	 	Ping Zhang

 

Acknowledged and Agreed:

 

FELLAZO INC.

 

	By:  	 	 
	 	Name: Nicholas Ting Lun Wong	 
	 	Title: Chief Executive Officer 

 

[Signature Page to the Insider Letter]

 

 

7Exhibit 10.3

 

INVESTMENT
MANAGEMENT TRUST AGREEMENT

 

This
Agreement is made as of ___________, 2019 by and between Fellazo Inc., a Cayman Islands exempted company (the “Company”),
and Continental Stock Transfer & Trust Company, a New York limited liability trust company (“Trustee”).

 

WHEREAS,
the Company’s registration statement on Form S-1, No. 333-_____ (“Registration Statement”) for its initial public
offering of securities (“IPO”) has been declared effective as of the date hereof (“Effective Date”) by
the Securities and Exchange Commission (capitalized terms used herein and not otherwise defined shall have the meanings set forth
in the Registration Statement); and

 

WHEREAS,
Maxim Group LLC (“Maxim”) is acting as the representative of the underwriters in the IPO pursuant to an underwriting
agreement between the Company and Maxim, as representative of the underwriters (“Underwriting Agreement”); and

 

WHEREAS,
the Company initially has 12 months from the consummation of the IPO (the “Initial Period”) to consummate an initial
business combination (as described in the Registration Statement, a “Business Combination”); and

 

WHEREAS,
if a Business Combination is not consummated within the Initial Period, Swipy Ltd., a Cayman Islands exempted company (the “Sponsor”)
may extend such period up to three times, each by a three-month period, up to a maximum of 21 months in the aggregate, by depositing
$375,000 (or $431,000 if the underwriters’ over-allotment option is exercised in full, plus any amount eventually deposited
on account of any Extension) into the Trust Account no later than the 12 month anniversary of the IPO, the 15 month anniversary
of the IPO or the 18 month anniversary of the IPO (each, an “Applicable Deadline”) for each three month extension
(each, an “Extension”) for up to an aggregate of $1,125,000 (or $1,293,000 if the underwriters’ over-allotment
option is exercised in full); and

 

WHEREAS,
simultaneously with the IPO, the Sponsor will be purchasing an aggregate of 214,500 units (or 229,500 units if the over-allotment
option is exercised in full) (“Initial Private Units”) from the Company for an aggregate purchase price of $2,145,000
(or $2,295,000 if the over-allotment option is exercised in full); and 

 

WHEREAS,
in the event the underwriters exercise their over-allotment option in full or in part, the Sponsor and Maxim will purchase up
to an aggregate of an additional 750,000 units (“Over-Allotment Private Units,” together with the Initial Private
Units, the “Private Units”) for an aggregate purchase price of up to $7,500,000; and 

 

WHEREAS,
as described in the Registration Statement, and in accordance with the Company’s Amended and Restated Memorandum and Articles
of Association, $50,000,000 of the net proceeds of the IPO and sale of the Private Units ($57,500,000 if the underwriters’
over-allotment option is exercised in full) will be delivered to the Trustee to be deposited and held in a trust account for the
benefit of the Company and the holders of the Company’s ordinary shares, no par value per share (“Ordinary Shares”),
issued in the IPO as hereinafter provided (the amounts to be delivered to the Trustee, including any amount deposited in connection
with any Extension, will be referred to herein as the “Property”; the shareholders for whose benefit the Trustee shall
hold the Property will be referred to as the “Public Shareholders,” and the Public Shareholders and the Company will
be referred to together as the “Beneficiaries”); and

 

WHEREAS,
pursuant to the Underwriting Agreement, a portion of the Property, up to $1,500,000 (or $1,725,000 if the underwriters’
over-allotment option is exercised in full), subject to adjustment in accordance with the Underwriting Agreement, is attributable
to deferred underwriting discounts and commissions that may become payable by the Company to the underwriters upon the consummation
of a Business Combination (the “Deferred Discount”); and

 

WHEREAS,
the Company and the Trustee desire to enter into this Agreement to set forth the terms and conditions pursuant to which the Trustee
shall hold the Property.

  

     

     

    

 

 

IT
IS AGREED:

 

	 	1.	Agreements
    and Covenants of Trustee. The Trustee hereby agrees and covenants to:

 

(a)
Hold the Property in trust for the Beneficiaries in accordance with the terms of this Agreement in a segregated trust account
(“Trust Account”) established by the Trustee at JP Morgan Chase Bank, N.A. located in the United States and at a brokerage
institution selected by the Trustee that is satisfactory to the Company;

 

(b)
Manage, supervise and administer the Trust Account subject to the terms and conditions set forth herein;

 

(c)
In a timely manner, upon the written instruction of the Company, invest and reinvest the Property in United States “government
securities” within the meaning of Section 2(a)(16) of the Investment Company Act of 1940, as amended (the “Investment
Company Act”), having a maturity of 185 days or less, and/or in any open ended investment company registered under the Investment
Company Act that holds itself out as a money market fund selected by the Company meeting the conditions of paragraphs (d)(1),
(d)(2), (d)(3), and (d)(4) of Rule 2a-7 promulgated under the Investment Company Act, which invest only in direct U.S. government
treasury obligations; it being understood that the Trust Account will earn no interest while account funds are uninvested awaiting
the Company’s instructions hereunder and the Trustee may earn bank credits or other consideration; 

 

(d)
Collect and receive, when due, all principal, interest or other income arising from the Property, which shall become part of the
“Property,” as such term is used herein;

 

(e)
Promptly notify the Company and Maxim of all communications received by the Trustee with respect to any Property requiring action
by the Company;

 

(f)
Supply any necessary information or documents as may be requested by the Company in connection with the Company’s preparation
of its tax returns;

 

(g)
Participate in any plan or proceeding for protecting or enforcing any right or interest arising from the Property if, as and when
instructed by the Company to do so;

 

(h)
Render to the Company monthly written statements of the activities of and amounts in the Trust Account reflecting all receipts
and disbursements of the Trust Account;

 

(i)
Commence liquidation of the Trust Account only after and promptly after receipt of, and only in accordance with, the terms of
a letter (“Termination Letter”), in a form substantially similar to that attached hereto as either Exhibit A or Exhibit
B, signed on behalf of the Company by its Chief Executive Officer or Chairman of the Board and Secretary or Assistant Secretary,
affirmed by counsel for the Company and, if Exhibit A, acknowledged by Maxim, complete the liquidation of the Trust Account and
distribute the Property in the Trust Account, including interest (which interest shall be net of any taxes payable and up to Fifty
Thousand Dollars ($50,000) of interest that may be released to the Company to pay dissolution expenses, if applicable, it being
understood that the Trustee has no obligation to monitor or question the Company’s position that an allocation has been
made for taxes payable), only as directed in the Termination Letter and the other documents referred to therein; provided, however,
that in the event that a Termination Letter has not been received by the Trustee by the last date set forth in the Company’s
Amended and Restated Memorandum and Articles of Association, as the same may be amended from time to time (the “Last Date”),
the Trust Account shall be liquidated in accordance with the procedures set forth in the Termination Letter attached as Exhibit
B hereto and the Property in the Trust Account, including interest (which interest shall be net of any taxes payable and less
up to Fifty Thousand Dollars ($50,000) of interest that may be released to the Company to pay dissolution expenses, if applicable),
shall be distributed to the Public Shareholders as of the Last Date;

 

(j)
Upon receipt of an Amendment Notification Letter (defined below), distribute to Public Shareholders who exercised their redemption
rights in connection with an Amendment (defined below) an amount equal to the pro rata share of the Property relating to the shares
for which such Public Shareholders have exercised redemption rights in connection with such Amendment; and

 

    2

     

    

 

(k)
Upon receipt of an extension letter (“Extension Letter”) substantially similar to Exhibit F hereto at least five days
prior to the Applicable Deadline, signed on behalf of the Company by one of the Company’s executive officers and affirmed
by counsel for the Company, and receipt of the dollar amount specified in the Extension Letter on or prior to the Applicable Deadline,
to follow the instructions set forth in the Extension Letter.

 

	 	2.	Limited Distributions
    of Income from Trust Account.

 

(a)
Upon written request from the Company, which may be given from time to time in a form substantially similar to that attached hereto
as Exhibit C, the Trustee shall distribute to the Company the amount of interest income earned on the Trust Account requested
by the Company to cover any tax obligation owed by the Company.

 

(b)
Upon written request from the Company following the Last Date, which may be given in a form substantially similar to that attached
hereto as Exhibit D, signed on behalf of the Company by one of the Company’s executive officers, the Trustee shall distribute
to the Company up to Fifty Thousand Dollars ($50,000) of interest income earned on the Property and requested by the Company to
cover expenses directly related to the Company’s liquidation (i.e., only those expenses incurred after the Last Date attributable
to the Company’s liquidation); provided, however, that the Company will not be allowed to withdraw interest income earned
on the trust account pursuant to this Section 2(b) unless there are sufficient funds available to pay the Company’s tax
obligations on such interest income or otherwise then due at that time.

 

(c)
The limited distributions referred to in Sections 2(a) and 2(b) above shall be made only from income collected on the Property.
Except as provided in Sections 2(a) and 2(b) above, no other distributions from the Trust Account shall be permitted except in
accordance with Section 1(i) or 1(j) hereof.

 

(d)
The Company shall provide Maxim with a copy of any Termination Letters and/or any other correspondence that it issues to the Trustee
with respect to any proposed withdrawal from the Trust Account promptly after such issuance.

 

	3.	Agreements and
    Covenants of the Company. The Company hereby agrees and covenants to:

 

(a)
Give all instructions to the Trustee hereunder in writing, signed by the Company’s Chairman of the Board, Vice Chairman
of the Board, Chief Executive Officer, President or Chief Financial Officer. In addition, except with respect to its duties under
paragraphs 1(i), 1(j), 1(k), 2(a) and 2(b) above, the Trustee shall be entitled to rely on, and shall be protected in relying
on, any verbal or telephonic advice or instruction which it in good faith believes to be given by any one of the persons authorized
above to give written instructions, provided that the Company shall promptly confirm such instructions in writing;

 

(b)
Subject to the provisions of Sections 5 and 7(g) of this Agreement, hold the Trustee harmless and indemnify the Trustee from and
against, any and all expenses, including reasonable counsel fees and disbursements, or loss suffered by the Trustee in connection
with any claim, potential claim, action, suit or other proceeding brought against the Trustee involving any claim, or in connection
with any claim or demand which in any way arises out of or relates to this Agreement, the services of the Trustee hereunder, or
the Property or any income earned from investment of the Property, except for expenses and losses resulting from the Trustee’s
gross negligence or willful misconduct. Promptly after the receipt by the Trustee of notice of demand or claim or the commencement
of any action, suit or proceeding, pursuant to which the Trustee intends to seek indemnification under this paragraph, it shall
notify the Company in writing of such claim (hereinafter referred to as the “Indemnified Claim”). The Trustee shall
have the right to conduct and manage the defense against such Indemnified Claim, provided, that the Trustee shall obtain the consent
of the Company with respect to the selection of counsel, which consent shall not be unreasonably withheld. The Trustee may not
agree to settle any Indemnified Claim without the prior written consent of the Company, which consent shall not be unreasonably
withheld. The Company may participate in such action with its own counsel;

 

    3

     

    

 

(c)
Pay the Trustee an initial acceptance fee and an annual fee as set forth on Schedule A hereto, which fees shall be subject to
modification by the parties from time to time. It is expressly understood that the Property shall not be used to pay such fees
and further agreed that any fees owed to the Trustee shall be deducted by the Trustee from the disbursements made to the Company
pursuant to Section 1(i) solely in connection with the consummation of a Business Combination. Otherwise, fees and disbursements
shall be paid by the Company from other funds held outside the Trust Account. The Company shall pay the Trustee the initial acceptance
fee and first year’s fee at the consummation of the IPO and thereafter on the anniversary of the Effective Date;

 

(d)
In connection with any vote of the Company’s shareholders regarding a Business Combination, provide to the Trustee an affidavit
or certificate of a firm regularly engaged in the business of tabulating shareholder votes verifying the vote of the Company’s
shareholders regarding such Business Combination;

 

(e)
In the event that the Company directs the Trustee to commence liquidation of the Trust Account pursuant to Section 1(i), the Company
agrees that it will not direct the Trustee to make any payments that are not specifically authorized by this Agreement;

 

(f)
Within five business days after Maxim, on behalf of the underwriters in the IPO, exercise the over-allotment option (or any unexercised
portion thereof) or such over-allotment option expires, provide the Trustee with a notice in writing (with a copy to Maxim) of
the total amount of the Deferred Discount (as adjusted in accordance with the Underwriting Agreement);

 

(g)
If the Company seeks to amend any provisions of its Memorandum and Articles of Association relating to shareholders’ rights
or pre-Business Combination activity (including the substance and time within which the Company has to complete a Business Combination)
(in each case, an “Amendment”), the Company will provide the Trustee with a letter (an “Amendment Notification
Letter”) in the form of Exhibit E providing instructions for the distribution of funds to Public Shareholders who exercise
their redemption option in connection with such Amendment;

 

(h)
If applicable, issue a press release at least three days prior to the Applicable Deadline announcing that, at least five days
prior to the Applicable Deadline, the Company received notice from the Sponsor that the Sponsor intends to extend the Applicable
Deadline; and

 

(i)
Promptly following the Applicable Deadline, disclose whether or not the term the Company has to consummate a Business Combination
has been extended.

 

	4.	Limitations of
    Liability. The Trustee shall have no responsibility or liability to:

 

(a)
Take any action with respect to the Property, other than as directed in paragraphs 1 and 2 hereof and the Trustee shall have no
liability to any party except for liability arising out of its own gross negligence or willful misconduct;

 

(b)
Institute any proceeding for the collection of any principal and income arising from, or institute, appear in or defend any proceeding
of any kind with respect to, any of the Property unless and until it shall have received instructions from the Company given as
provided herein to do so and the Company shall have advanced or guaranteed to it funds sufficient to pay any expenses incident
thereto;

 

(c)
Change the investment of any Property, other than in compliance with paragraph 1(c);

 

(d)
Refund any depreciation in principal of any Property;

 

(e)
Assume that the authority of any person designated by the Company to give instructions hereunder shall not be continuing unless
provided otherwise in such designation, or unless the Company shall have delivered a written revocation of such authority to the
Trustee;

 

(f)
The other parties hereto or to anyone else for any action taken or omitted by it, or any action suffered by it to be taken or
omitted, in good faith and in the exercise of its own best judgment, except for its gross negligence, fraud or willful misconduct.
The Trustee may rely conclusively and shall be protected in acting upon any order, notice, demand, certificate, opinion or advice
of counsel (including counsel chosen by the Trustee), statement, instrument, report or other paper or document (not only as to
its due execution and the validity and effectiveness of its provisions, but also as and with reasonable care to the truth and
acceptability of any information therein contained) which is believed by the Trustee, in good faith, to be genuine and to be signed
or presented by the proper person or persons. The Trustee shall not be bound by any notice or demand, or any waiver, modification,
termination or rescission of this Agreement or any of the terms hereof, unless evidenced by a written instrument delivered to
the Trustee signed by the proper party or parties and, if the duties or rights of the Trustee are affected, unless it shall give
its prior written consent thereto;

 

    4

     

    

 

(g)
Verify the correctness of the information set forth in the Registration Statement or to confirm or assure that any acquisition
made by the Company or any other action taken by it is as contemplated by the Registration Statement; and

 

(h)
File local, state and/or Federal tax returns or information returns with any taxing authority on behalf of the Trust Account and
payee statements with the Company documenting the taxes, if any, payable by the Company or the Trust Account, relating to the
income earned on the Property.

 

(i)
Pay any taxes on behalf of the Trust Account (it being expressly understood that the Property, other than accrued interest to
the extent otherwise provided by this Agreement, shall not be used to pay any such taxes and that such taxes, if any, shall be
paid by the Company from funds not held in the Trust Account or released to it under Section 2(a) hereof).

 

(j)
Imply obligations, perform duties, inquire or otherwise be subject to the provisions of any agreement or document other than this
agreement and that which is expressly set forth herein.

 

(k)
Verify calculations, qualify or otherwise approve Company requests for distributions pursuant to Section 1(i), 1(j), 2(a) or 2(b)
above.

 

5.
Trust Account Waiver. The Trustee has no right of set-off or any right, title, interest or claim of any kind (“Claim”)
to, or to any monies in, the Trust Account, and hereby irrevocably waives any Claim to, or to any monies in, the Trust Account
that it may have now or in the future. In the event the Trustee has any Claim against the Company under this Agreement, including,
without limitation, under Section 3(b) or Section 3(c) hereof, the Trustee shall pursue such Claim solely against the Company
and its assets outside the Trust Account and not against the Property or any monies in the Trust Account 

 

	 	6.	Termination.
    This Agreement shall terminate as follows:

 

(a)
If the Trustee gives written notice to the Company that it desires to resign under this Agreement, the Company shall use its reasonable
efforts to locate a successor trustee during which time the Trustee shall act in accordance with this Agreement. At such time
that the Company notifies the Trustee that a successor trustee has been appointed by the Company and has agreed to become subject
to the terms of this Agreement, the Trustee shall transfer the management of the Trust Account to the successor trustee, including
but not limited to the transfer of copies of the reports and statements relating to the Trust Account, whereupon this Agreement
shall terminate; provided, however, that, in the event that the Company does not locate a successor trustee within ninety days
of receipt of the resignation notice from the Trustee, the Trustee may submit an application to have the Property deposited with
any court in the State of New York or with the United States District Court for the Southern District of New York and upon such
deposit, the Trustee shall be immune from any liability whatsoever; or

 

(b)
At such time that the Trustee has completed the liquidation of the Trust Account in accordance with the provisions of paragraph
1(i) hereof, and distributed the Property in accordance with the provisions of the Termination Letter, this Agreement shall terminate
except with respect to Paragraph 3(b).

 

	 	7.	Miscellaneous.

 

(a)
The Company and the Trustee each acknowledge that the Trustee will follow the security procedures set forth below with respect
to funds transferred from the Trust Account. The Company and the Trustee will each restrict access to confidential information
relating to such security procedures to authorized persons. Each party must notify the other party immediately if it has reason
to believe unauthorized persons may have obtained access to such information, or of any change in its authorized personnel. In
executing funds transfers, the Trustee will rely upon all information supplied to it by the Company, including account names,
account numbers and all other identifying information relating to a beneficiary, beneficiary’s bank or intermediary bank.
Except for any liability arising out of the Trustee’s gross negligence, fraud or willful misconduct, the Trustee shall not
be liable for any loss, liability or expense resulting from any error in the information or transmission of the wire.

 

    5

     

    

 

(b)
This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York, applicable
to contracts wholly performed within the borders of such states and without giving effect to conflicts of law principles that
would result in the application of the substantive laws of another jurisdiction. It may be executed in several original or facsimile
counterparts, each one of which shall constitute an original, and together shall constitute but one instrument. The Company
hereby appoints, without power of revocation, Ellenoff Grossman & Schole LLP, 1345 Avenue of the Americas, New York, New York
10105, Fax No.: (212) 370-7889, Attn: Stuart Neuhauser, Esq., as their respective agent to accept and acknowledge on its behalf
service of any and all process which may be served in any arbitration, action, proceeding or counterclaim in any way relating
to or arising out of this Agreement. The Company further agrees to take any and all action as may be necessary to maintain such
designation and appointment of such agent in full force and effect for a period of seven years from the date of this Agreement.

 

(c)
This Agreement contains the entire agreement and understanding of the parties hereto with respect to the subject matter hereof.
Except for Sections 1(i), 1 (j), 1(k), 2(a) and 2(c) (which may not be modified, amended or deleted without the affirmative vote
of at least 65% of the then outstanding Ordinary Shares attending and voting on such amendment at the relevant meeting; provided
that no such amendment will affect any Public Shareholder who has otherwise indicated his election to redeem his, her or its Ordinary
Shares in connection with a shareholder vote sought to amend this Agreement to extend to the time he, she or its would be entitled
to a return of his pro rata amount in the Trust Account), this Agreement or any provision hereof may only be changed, amended
or modified (other than to correct a typographical error) by a writing signed by each of the parties hereto; provided, however,
that no such change, amendment or modification may be made without the prior written consent of Maxim. As to any claim, cross-claim
or counterclaim in any way relating to this Agreement, each party waives the right to trial by jury. The Trustee may require from
Company counsel an opinion as to the propriety of any proposed amendment.

 

(d)
The parties hereto consent to the jurisdiction and venue of any state or federal court located in the City of New York, Borough
of Manhattan, for purposes of resolving any disputes hereunder.

 

(e)
Any notice, consent or request to be given in connection with any of the terms or provisions of this Agreement shall be in writing
and shall be sent by express mail or similar private courier service, by certified mail (return receipt requested), by hand delivery
or by facsimile transmission:

 

if
to the Trustee, to:

 

Continental
Stock Transfer &Trust Company

One
State Street, 30th Floor

New
York, New York 10004

Attn:
Francis Wolf and Celeste Conzalez

Email:
fwolf@continentalstock.com

Email:
cgonzalez@continentalstock.com

 

if
to the Company, to:

 

Fellazo
Inc.

Jinshan Building East, Unit 1903

568 Jinshan West Road

Yong Kang City, Zhejiang Province

People’s
Republic of China 321300

Attn:
Nicholas Ting Lun Wong, Chief Executive Officer

 

    6

     

    

 

in
either case with a copy to:

 

Maxim
Group LLC

405
Lexington Avenue, 2nd floor

New
York, NY 10174

Attn:
Clifford A. Teller

 

and

 

Ellenoff
Grossman & Schole LLP

1345
Avenue of the Americas

New
York, NY 10105

Attn:
Stuart Neuhauser, Esq.

and

Loeb
& Loeb LLP

345
Park Avenue

New
York, New York 10154

Attn:
Giovanni Caruso, Esq.

Fax
No.: (212) 407-4990

 

(f)
This Agreement may not be assigned by the Trustee without the prior consent of the Company.

 

(g)
Each of the Trustee and the Company hereby represents that it has the full right and power and has been duly authorized to enter
into this Agreement and to perform its respective obligations as contemplated hereunder. The Trustee acknowledges and agrees that
it shall not make any claims or proceed against the Trust Account, including by way of set-off, and shall not be entitled to any
funds in the Trust Account under any circumstance. In the event that the Trustee has a claim against the Company under this Agreement,
the Trustee will pursue such claim solely against the Company and not against the Property held in the Trust Account.

 

(h)
This Agreement is the joint product of the Trustee and the Company and each provision hereof has been subject to the mutual consultation,
negotiation and agreement of such parties and shall not be construed for or against any party hereto.

 

(i)
This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all such counterparts
shall together constitute one and the same instrument. Delivery of a signed counterpart of this Agreement by facsimile or electronic
transmission shall constitute valid and sufficient delivery thereof.

 

(j)
Each of the Company and the Trustee hereby acknowledges that Maxim, on behalf of the several underwriters, is a third party beneficiary
of this Agreement.

 

[Signature
Page Follows]

  

    7

     

    

 

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

 

	 	CONTINENTAL STOCK TRANSFER
    & TRUST COMPANY, as Trustee

 

	 	By:	 
	 	 	Name: Francis E. Wolf Jr.
	 	 	Title: Vice President

 

	 	FELLAZO INC.

 

	 	By:	 
	 	 	Name: Nicholas Ting Lun Wong
	 	 	Title: Chief Executive Officer

 

[Signature
Page to Investment Management Trust Agreement]

 

    8

     

    

  

SCHEDULE
A

 

	Fee Item	 	Time and method of payment	 	Amount	 
	Initial one-time acceptance fee	 	Trust agreement negotiation, completion of Know Your Customer review, account set-up, and initial closing of IPO by wire transfer, set up and monitoring of the required principal crediting beginning year 2.	 	$	3,500	 
	 	 	 	 	 	 	 
	Trusteeship annual fee	 	First year, initial closing of IPO by wire transfer; thereafter on the anniversary of the effective date of the IPO by wire transfer or check	 	$	10,000	 
	 	 	 	 	 	 	 
	Transaction processing fee for disbursements to Company under Section 2	 	Deduction by Trustee from accumulated income following disbursement made to Company under Section 2	 	$	250	 
	 	 	 	 	 	 	 
	Paying Agent services as required pursuant to Sections 1(i) and 1(j)	 	Billed to Company upon delivery of service pursuant to Sections 1(i) and 1(j)	 	 	Prevailing rates 	 

 

  

     

     

    

 

EXHIBIT
A

 

[Letterhead
of Company]

 

[Insert
date]

 

Continental
Stock Transfer

&Trust
Company

One
State Street, 30th Floor

New
York, New York 10004

Attn: Francis
Wolf and Celeste Gonzalez

 

	 	Re:	Trust Account
    No. – [_____] Termination Letter

 

Ladies
and Gentlemen:

 

Pursuant
to paragraph 1(i) of the Investment Management Trust Agreement between Fellazo Inc. (“Company”) and Continental Stock
Transfer & Trust Company (“Trustee”), dated as of                 , 2019 (“Trust Agreement”), this is to advise you
that the Company has entered into an agreement (“Business Agreement”) with __________________ (“Target Business”)
to consummate a business combination with Target Business (“Business Combination”) on or about [insert date].
The Company shall notify you at least 48 hours in advance of the actual date (or such shorter time as you may agree) of the consummation
of the Business Combination (“Consummation Date”). Capitalized terms used herein and not otherwise defined shall have
the meanings set forth in the Trust Agreement.

 

In
accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate the Trust Account investments on __________
and to transfer the proceeds to the above-referenced account at JP Morgan Chase Bank to the effect that, on the Consummation Date,
all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that Maxim (with
respect to the Deferred Discount) and the Company shall direct on the Consummation Date. It is acknowledged and agreed that while
the funds are on deposit in the trust account awaiting distribution, neither Maxim nor the Company will earn any interest or dividends.

 

On
the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has
been consummated, and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________, which verifies
the vote of the Company’s shareholders in connection with the Business Combination if a vote is held and (b) joint written
instructions from it and Maxim with respect to the transfer of the funds held in the Trust Account (“Instruction Letter”),
including payment of the Deferred Discount from the Trust Account. You are hereby directed and authorized to transfer the funds
held in the Trust Account immediately upon your receipt of the counsel’s letter and the Instruction Letter, (x) to Maxim
in an amount equal to the Deferred Discount (as adjusted in accordance with the Underwriting Agreement) as directed by Maxim and
(y) the remainder in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust
Account may not be liquidated by the Consummation Date without penalty, you will notify the Company of the same and the Company
shall direct you as to whether such funds should remain in the Trust Account and distributed after the Consummation Date to the
Company. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be
terminated.

 

In
the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have
not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written
instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on the
business day immediately following the Consummation Date as set forth in the notice.

  

	 	Very truly yours,
	 	 
	 	FELLAZO INC.

 

	 	By:	 

 

 

	And 	 
	AGREED TO AND	 
	ACKNOWLEDGED BY	 
	 	 
	MAXIM GROUP LLC	 

 

	By:	 	 

   

     

     

    

 

EXHIBIT
B

 

[Letterhead
of Company]

 

[Insert
date]

 

Continental
Stock Transfer

&Trust
Company

One
State Street, 30th Floor

New
York, New York 10004

Attn: Francis
Wolf and Celeste Gonzalez

 

	 	Re:	Trust Account
    No. [insert no.]___ - Termination Letter

 

Ladies
and Gentlemen:

 

Pursuant
to paragraph 1(i) of the Investment Management Trust Agreement between Fellazo Inc. (“Company”) and Continental Stock
Transfer & Trust Company (“Trustee”), dated as of                    , 2019 (“Trust Agreement”), this is to advise
you that the Company has been unable to effect a Business Combination with a Target Company within the time frame specified in
the Company’s Amended and Restated Memorandum and Articles of Association, as described in the Company’s prospectus
relating to its IPO. Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Trust
Agreement.

 

In
accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate all the Trust Account investments on ______________
and to transfer the total proceeds to the Trust Operating Account at JP Morgan Chase Bank, NA to await distribution to the Public
Shareholders. The Company has selected ____________, 20__ as the effective date for the purpose of determining when the Public
Shareholders will entitled to receive their share of the liquidation proceeds. It is acknowledged that no interest will be earned
by the Company on the liquidation proceeds while on deposit in the Trust Operating Account. You agree to be the Paying Agent of
record and in your separate capacity as Paying Agent, to distribute said funds directly to the Public Shareholders in accordance
with the terms of the Trust Agreement and the Amended and Restated Memorandum and Articles of Association of the Company. Upon
the distribution of all the funds in the Trust Account, your obligations under the Trust Agreement shall be terminated.

 

	 	Very truly yours,
	 	 
	 	FELLAZO INC.

 

	 	By:	 

 

cc:
Maxim Group LLC

  

     

     

    

 

EXHIBIT
C

 

[Letterhead
of Company]

 

[Insert
date]

 

Continental
Stock Transfer

&Trust
Company

One
State Street, 30th Floor 

New
York, New York 10004

Attn: Francis
Wolf and Celeste Gonzalez

 

	 	Re:	Trust Account No. [insert no.]___

 

Ladies
and Gentlemen:

 

Pursuant
to paragraph 2(a) of the Investment Management Trust Agreement between Fellazo Inc. (“Company”) and Continental Stock
Transfer & Trust Company (“Trustee”), dated as of                    , 2019 (“Trust Agreement”), the Company
hereby requests that you deliver to the Company $_______ of the interest income earned on the Property as of the date hereof.
The Company needs such funds to pay for its tax obligations. In accordance with the terms of the Trust Agreement, you are hereby
directed and authorized to transfer (via wire transfer) such funds promptly upon your receipt of this letter to the Company’s
operating account at:

 

	[WIRE
    INSTRUCTION INFORMATION]

 

	 	FELLAZO INC.

 

	 	By:	 

 

cc:
    Maxim Group LLC

  

     

     

    

 

EXHIBIT
D

 

[Letterhead
of Company]

 

[Insert
date]

 

Continental
Stock Transfer

&Trust
Company

One
State Street, 30th Floor

New
York, New York 10004

Attn:
Francis Wolf and Celeste Gonzalez

 

Re:    
Trust Account No. [______]

 

Ladies
and Gentlemen:

 

Pursuant
to Section 2(b) of the Investment Management Trust Agreement between Fellazo Inc. (“Company”) and Continental Stock
Transfer & Trust Company (“Trustee”), dated as of               ,
2019 (“Trust Agreement”), the Company hereby requests that you deliver to the Company $[       ]
of the interest income earned on the Property as of the date hereof, which does not exceed, in the aggregate with all such prior
disbursements pursuant to Section 2(b), if any, the maximum amount set forth in Section 2(b). The Company needs such funds to
pay its expenses relating to its liquidation. In accordance with the terms of the Trust Agreement, you are hereby directed and
authorized to transfer (via wire transfer) such funds promptly upon your receipt of this letter to the Company’s operating
account at:

 

[WIRE
INSTRUCTION INFORMATION]

 

	Very truly yours,	 
	 	 
	FELLAZO INC.	 

 

	By:	 	 

 

cc:
Maxim Group LLC

  

     

     

    

 

EXHIBIT
E

 

[Letterhead
of Company]

 

[Insert
date]

 

Continental
Stock Transfer

&Trust
Company

One
State Street, 30th Floor

New
York, New York 10004

Attn:
Francis Wolf and Celeste Gonzalez

 

Re:
    Trust Account No. [______] - Amendment Notification Letter

 

Ladies
and Gentlemen:

 

Reference
is made to the Investment Management Trust Agreement between Fellazo Inc. (“Company”) and Continental Stock Transfer
& Trust Company, dated as of                 , 2019 (“Trust Agreement”). Capitalized words used herein and not otherwise defined
shall have the meanings ascribed to them in the Trust Agreement.

 

Pursuant
to Sections 1(j) and 3(g) of the Trust Agreement, this is to advise you that the Company has sought an Amendment. Accordingly,
in accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate a sufficient portion of the Trust Account
on [    ] in order to transfer $_____ of the proceeds of the Trust to the Trust Operating Account at [JP Morgan Chase Bank, NA] for
distribution to the shareholders that have requested redemption of their shares in connection with such Amendment.

 

	[WIRE INSTRUCTION INFORMATION]	 

 

	 	Very truly yours,
	 	 
	 	FELLAZO INC.

 

	 	By:	 

 

cc:
Maxim Group LLC

 

     

     

    

 

EXHIBIT
F

 

[Letterhead
of Company]

 

[Insert
date]

 

Continental
Stock Transfer & Trust Company

1
State Street Plaza, 30th Floor

New
York, NY 10004-1561

Attn: Francis Wolf and Celeste Gonzalez

 

	 	Re:	Trust Account
    No. [              ] Extension Letter

 

Ladies
and Gentlemen:

 

Pursuant
to Section 1(k) of the Investment Management Trust Agreement between Fellazo Inc. (“Company”) and Continental Stock
Transfer & Trust Company, dated as of                  , 2019 (“Trust Agreement”), this is to advise you that the Company is extending
the time available in order to consummate a Business Combination with the Target Businesses for an additional three (3) months,
from _______ to _________ (the “Extension”).

 

This
Extension Letter shall serve as the notice required with respect to Extension prior to the Applicable Deadline. Capitalized words
used herein and not otherwise defined shall have the meanings ascribed to them in the Trust Agreement.

 

In
accordance with the terms of the Trust Agreement, we hereby authorize you to deposit $_____, which will be wired to you, into
the Trust Account upon receipt. These funds should be invested in [__________________________] or [the same manner as the funds
currently on deposit in the Trust Account].

 

This
is the ____ of up to three Extension Letters that the Company is permitted to deliver to you pursuant to the Trust Agreement. 

 

	 	Very truly yours,
	 	 
	 	FELLAZO INC.

 

	 	By:	 
	 	Name:	 
	 	Title:	 

 

cc:
Maxim Group LLC

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