Document:

Confidential

 

CALL
OPTION AGREEMENT

 

AMONG

 

JERVEY
CHOON

 

DSWISS
(HK) LIMITED

 

AND

 

DSWISS
BIOTECH SDN BHD

 

JUNE
27, 2016

 

    	 

     

    

 

CALL
OPTION AGREEMENT

 

This
CALL OPTION AGREEMENT (this “AGREEMENT”) is entered into in Malaysia as of JUNE 27, 2016

by
and among the following Parties:

 

(1)
JERVEY CHOON

 

ADDRESS:
[Redacted]

IDENTITY CARD NUMBER: [Redacted]

 

(2)
DSWISS (HK) LIMITED. (“DSHK”)

 

REGISTERED
ADDRESS: Rm 405, 4/F Energy Plaza, Tsim Sha Tsui East, Kowloon, Hong Kong

 

(3)
DSWISS BIOTECH SDN BHD. (“DSBT”)

 

REGISTERED
ADDRESS: A-08-06, Tropicana Avenue, Tropicana Golf & Country Resort, 47410 Petaling Jaya, Selangor. Malaysia

 

(The
above parties shall hereinafter be individually referred to as a “PARTY” and collectively, “PARTIES”.
JERVEY CHOON
shall hereinafter be individually referred to as a “SHAREHOLDER”.)

 

WHEREAS

 

(1)
JERVEY CHOON and DSHK are the enrolled Shareholder of the DSBT, legally holding all of the
equity of the DSBT as of the execution date of this Agreement.

 

(2)
As of the date of this Agreement, JERVEY CHOON and
DSHK are the enrolled Shareholder of DSBT, legally holding
all the equity in DSBT, of which JERVEY CHOON holding
60% interest, DSHK holding 40%.

 

(3)The
Shareholder intends to transfer to DSHK, and DSHK is willing to accept, all her respective equity interest in the DSBT, to the
extent not violating laws of Malaysia.

 

(4)
In order to conduct the above equity transfer, the Shareholder agrees to grant DSHK an irrevocable call option for equity transfer
(hereinafter the “CALL OPTION”), under which and to the extent permitted by laws of Malaysia, the Shareholder shall
on demand of DSHK transfer the Option Equity (as defined below) to DSHK in accordance with the provisions contained herein.

 

(5)
DSBT intends to transfer to DSHK all of its assets and liabilities to the extent not violating laws of Malaysia. In order to conduct
the above asset transfer, DSBT agrees to grant DSHK an irrevocable call option for assets (hereinafter the “ASSET CALL OPTION”),
under which and to the extent as permitted by laws of Malaysia, DSBT shall on demand of DSHK transfers the assets and liabilities
to DSHK in accordance with the provisions contained herein.

 

THEREFORE,
the Parties hereby have reached the following agreement upon mutual consultations:

 

ARTICLE
1 - DEFINITION

 

“MYR”
shall mean the Malaysian Ringgit, the lawful currency of Malaysia.

 

“LAWS
OF MALAYSIA” shall mean the then valid laws, administrative regulations, administrative rules, local regulations, judicial
interpretations and other binding regulatory documents of Malaysia.

 

    	1

     

    

 

“OPTION
EQUITY” shall mean, in respect of each of the Shareholder, all of the equity interest held thereby in DSBT registered capital.

 

“DSBT
REGISTERED CAPITAL” shall mean the registered capital of DSBT as of the execution date of this Agreement, i.e., MYR 250,000,
which shall include any expanded registered capital as the result of any capital increase within the term of this Agreement.

 

“TRANSFERRED
EQUITY” shall mean the equity of DSBT which DSHK has the right to require the Shareholder to transfer to it or its designated
entity or individual when DSHK exercises its Call Option (hereinafter the “EXERCISE OF OPTION”) in accordance with
Article 3.2 herein, the amount of which may be all or part of the Option Equity and the details of which shall be determined by
DSHK at its sole discretion in accordance with the then valid Laws of Malaysia and from its commercial consideration.

 

“TRANSFER
PRICE” shall mean all the consideration that DSHK or its designated entity or individual is required to pay to the Shareholder
in order to obtain the Transferred Equity upon each Exercise of Option. In spite of any provision herein, in case of DSHK exercising
the call option in its sole discretion upon the occurrence of the situation in which such call option exercise become feasible
under the relevant laws in Malaysia, any additional consideration paid other than the MYR 1.00 which may be required under the
laws of Malaysia to effect such purchase to comply with such legal formalities shall be either cancelled or returned to the company
immediately with no additional compensation to the owners. The Shareholder hereby acknowledges the purpose of such provisions
and hereby agrees and authorizes the company to take any and all actions to effect such transaction and agrees irrevocably to
execute any and all documents and instruments and authorize DSHK and its designated entity or individual to sign on his or her
behalf and hereby gives the DSHK and its designated entity or individual a proxy to execute and deliver such documents and instruments
to effect the purpose of this provision and hereby waives any defense or claim of causes of action to challenge or defeat this
provision. If there exists any regulatory provision with respect to Transfer Price under the then Laws of Malaysia, DSHK or its
designated entity or individual shall be entitled to determine the lowest price permitted by Laws of Malaysia as the Transfer
Price.

 

“BUSINESS
PERMITS” shall mean any approvals, permits, filings, registrations etc. which DSBT is required to have for legally and validly
operating its advertisement designing, producing, agency, publishing and all such other businesses, including but not limited
to the Business License of the Cooperate Legal Person, the Tax Registration Certificate, the Permit for Operating Biotechnology
Businesses and such other relevant licenses and permits as required by the then Laws of Malaysia.

 

“DSBT
ASSETS” shall mean all the tangible and intangible assets which such DSBT owns or has the right to use during the term of
this Agreement, including but not limited to any immoveable and moveable assets, and such intellectual property rights as trademarks,
copyrights, patents, proprietary know-how, domain names and software use rights.

 

“THE
MANAGEMENT SERVICES AGREEMENT” shall mean the Management Services Agreement entered into among each party dated JUNE 27,
2016.

 

“MATERIAL
AGREEMENT” shall mean an agreement to which any DSBT is a party and which has a material impact on the businesses or assets
of the DSBT, including but not limited to the Management Services Agreement among the DSBT and DSHK, and other agreements regarding
the DSBT’s business.

 

1.2
The references to any Laws of Malaysia herein shall be deemed

 

(1)
to include the references to the amendments, changes, supplements and reenactments of such law, irrespective of whether they take
effect before or after the formation of this Agreement; and

 

(2)
to include the references to other decisions, notices or regulations enacted in accordance therewith or effective as a result
thereof.

 

1.3
Except as otherwise stated in the context herein, all references to an Article, clause, item or paragraph shall refer to the relevant
part of this Agreement.

 

    	2

     

    

 

ARTICLE
2 - GRANT OF CALL OPTION

 

The
Parties agree that the Shareholder exclusively grant DSHK hereby irrevocably and without any additional conditions with a Call
Option, under which DSHK shall have the right to require the Shareholder to transfer the Option Equity to DSHK or its designated
entity or individual in such method as set out herein and as permitted by Laws of Malaysia. DSHK also agrees to accept such Call
Option.

 

In
case of DSHK exercising the call option in its sole discretion upon the occurrence of the situation in which such call option
exercise become feasible under the relevant laws in Malaysia, any additional consideration paid other than the MYR 1.00 which
may be required under the laws of Malaysia to effect such purchase to comply with such legal formalities shall be either cancelled
or returned to the company immediately with no additional compensation to the DSBT and Shareholder. DSBT and Shareholder hereby
acknowledge the purpose of such provisions and hereby agrees and authorizes the company to take any and all actions to effect
such transaction and agrees irrevocably to execute any and all documents and instruments and authorize the company’s relevant
officers to sign on his or her behalf and hereby gives the company and any of its relevant officers a proxy to execute and deliver
such documents and instruments to effect the purpose of this provision and hereby waives any defense or claim of causes of action
to challenge or defeat this provision.

 

ARTICLE
3 - METHOD OF EXERCISE OF OPTION

 

3.1
To the extent permitted by Laws of Malaysia, DSHK shall have the sole discretion to determine the specific time, method and times
of its Exercise of Option.

 

3.2
At each Exercise of Option by DSHK, the Shareholder shall transfer her respective equity in the DSBT to DSHK and/or other entity
or individual designated by it respectively in accordance with the amount required in the Exercise Notice stipulated in Article
3.4. DSHK and other entity or individual designated by it shall pay the Transfer Price to the Shareholder who has transferred
the Transferred Equity for the Transferred Equity accepted in each Exercise of Option. DSHK shall have the right to elect to pay
the purchase price by settlement of certain credits held by it or its affiliates to the Shareholder.

 

3.3
In each Exercise of Option, DSHK may accept the Transferred Equity by itself or designate any third party to accept all or part
of the Transferred Equity.

 

3.4
On deciding each Exercise of Option, DSHK shall issue to the Shareholder a notice for exercising the Call Option (hereinafter
the “EXERCISE NOTICE”, the form of which is set out as Appendix I hereto). The Shareholder shall, upon receipt of
the Exercise Notice, forthwith transfer all the Transferred Equity in accordance with the Exercise Notice to DSHK and/or other
entity or individual designated by DSHK in such method as described in Article 3.2 herein.

 

3.5
The Shareholder hereby undertakes and guarantees that once DSHK issues the Exercise Notice in respect to the specific Transferred
Equity of the DSBT held by it:

 

(1)
it shall immediately hold or request to hold a Shareholder’ meeting of the DSBT and adopt a resolution through the Shareholder’
meeting, and take all other necessary actions to agree to the transfer of all the Call Option to DSHK and/or other entity or individual
designated by it at the Transfer Price and waive the possible preemption;

 

(2)
it shall immediately enter into an equity transfer agreement with DSHK and/or other entity or individual designated by it for
transfer of all the Transferred Equity to DSHK and/or other entity or individual designated by it at the Transfer Price; and

 

(3)
it shall provide DSHK with necessary support (including providing and executing all the relevant legal documents, processing all
the procedures for government approvals and registrations and bearing all the relevant obligations) in accordance with the requirements
of DSHK and of the laws and regulations, in order that DSHK and/or other entity or individual designated by it may take all the
Transferred Equity free from any legal defect.

 

    	3

     

    

 

3.6
At the meantime of this Agreement, the Shareholder shall respectively enter into a power of attorney (hereinafter the “POWER
OF ATTORNEY”, the form of which is set out as Appendix II hereto), authorizing in writing any person designated by DSHK
to, on behalf of such Shareholder, to enter into any and all of the legal documents in accordance with this Agreement so as to
ensure that DSHK and/or other entity or individual designated by it take all the Transferred Equity free from any legal defect.
Such Power of Attorney shall be delivered for custody by DSHK and DSHK may, at any time if necessary, require the Shareholder
to enter into multiple copies of the Power of Attorney respectively and deliver the same to the relevant government department.

 

ARTICLE
4 - ASSET CALL OPTION

 

DSBT
and the Shareholder hereby further undertake to grant DSHK irrevocably an option to purchase assets within the term of this Agreement:
to the extent not violating the mandatory requirements under Laws of Malaysia, DSBT will transfer all of its assets and liabilities
to DSHK and/or other entity or individual designated by it when required by DSHK.

 

In
case of the DSHK exercising the Asset Call Option in its sole discretion upon the occurrence of the situation in which such call
option exercise become feasible under the relevant laws in Malaysia, any additional consideration paid other than the MYR 1.00
which may be required under the laws of Malaysia to effect such purchase to comply with such legal formalities shall be either
cancelled or returned to the company immediately with no additional compensation to the DSBT and Shareholder. DSBT and Shareholder
hereby acknowledge the purpose of such provisions and hereby agree and authorize the company to take any and all actions to effect
such transaction and agrees irrevocably to execute any and all documents and instruments and authorize the company’s relevant
officers to sign on his or her behalf and hereby gives the company and any of its relevant officers a proxy to execute and deliver
such documents and instruments to effect the purpose of this provision and hereby waives any defense or claim of causes of action
to challenge or defeat this provision.

 

ARTICLE
5 - REPRESENTATIONS AND WARRANTIES

 

5.1
Shareholder hereby represents and warrants in respect to itself and the DSBT in which she holds equity as follows:

 

5.1.1
The Shareholder is a Malaysian citizen with full capacity, with full and independent legal
status and legal capacity to execute, deliver and perform this Agreement, and may act independently as a litigant party.

The
Shareholder has full power and authorization to execute and deliver this Agreement and all the other documents to be entered into
by it in relation to the transaction referred to herein, and it has the full power and authorization to complete the transaction
referred to herein.

 

5.1.2
This Agreement is executed and delivered by Shareholder legally and properly. This Agreement constitutes the legal and binding
obligations on Shareholder and is enforceable on it in accordance with its terms and conditions. The Shareholder are the enrolled
legal owner of the Option Equity as of the effective date of this Agreement, and except the rights created by this Agreement,
the Shareholder’ Voting Rights Proxy Agreement entered into by Shareholder, DSHK and DSBT dated JUNE 27, 2016 (the “PROXY
AGREEMENT”), the Equity Pledge Agreement entered into by Shareholder, DSHK, the DSBT dated JUNE 27, 2016 (the “EQUITY
PLEDGE AGREEMENT”), there is no lien, pledge, claim and other encumbrances and third party rights on the Option Equity.
In accordance with this Agreement, DSHK and/or other entity or individual designated by it may, after the Exercise of Option,
obtain the proper title to the Transferred Equity free from any lien, pledge, claim and other encumbrances and third party rights.

 

5.1.3
DSBT shall obtain complete Business Permits as necessary for its operations upon this Agreement taking effect, and DSBT shall
have sufficient rights and qualifications to operate within Malaysia the businesses of producing and selling of biotechnology
products and other business relating to its current business structure. DSBT has conducted its business legally since its establishment
and has not incurred any cases which violate or may violate the regulations and requirements set forth by the departments of commerce
and industry, tax, culture, news, quality technology supervision, labor and social security and other governmental departments
or any disputes in respect of breach of contract.

 

    	4

     

    

 

5.2
DSBT hereby represents and warrants as follows:

 

5.2.1
DSBT is a limited liability company operation duly registered and validly existing under Laws of Malaysia, with independent status
as a legal person; DSBT has full and independent legal status and legal capacity to execute, deliver and perform this Agreement,
and may act independently as a subject of actions.

 

5.2.2
DSBT has full power and authorization to execute and deliver this Agreement and all the other documents to be entered into by
it in relation to the transaction referred to herein, and it has the full power and authorization to complete the transaction
referred to herein.

 

5.2.3
This Agreement is executed and delivered by DSBT legally and properly. This Agreement constitutes legal and binding obligations
on it.

 

5.2.4
The Shareholder is the enrolled legal shareholder of the Option Equity when this Agreement comes into effect, except the rights
created by this Agreement, the Proxy Agreement, the Equity Pledge Agreement, there is no lien, pledge, claim and other encumbrances
and third party rights on the Option Equity. In accordance with this Agreement, DSHK and/or other entity or individual designated
by it may, upon the Exercise of Option, obtain the proper title to the Transferred Equity free from any lien, pledge, claim and
other encumbrances and third party rights.

 

5.2.5
DSBT shall obtain complete Business Permits as necessary for its Operations upon this Agreement taking effect, and DSBT shall
have sufficient rights and qualifications to operate within Malaysia the businesses of biotechnology and other business relating
to its current business structure. DSBT has conducted its business legally since its establishment and has not incurred any cases
which violate or may violate the regulations and requirements set forth by the departments of commerce and industry, tax, culture,
news, quality technology supervision, labor and social security and other governmental departments or any disputes in respect
of breach of contract.

 

5.3
DSHK hereby represents and warrants as follows:

 

5.3.1
DSHK is a company with limited liability properly registered and legally existing under Laws of Hong Kong, with an independent
status as a legal person. DSHK has full and independent legal status and legal capacity to execute, deliver and perform this Agreement
and may act independently as a subject of actions.

 

5.3.2
DSHK has full power and authorization to execute and deliver this Agreement and all the other documents to be entered into by
it in relation to the transaction referred to herein, and it has the full power and authorization to complete the transaction
referred to herein.

 

ARTICLE
6 - UNDERTAKINGS BY THE SHAREHOLDER

 

6.1
The Shareholder hereby undertakes within the term of this Agreement that it must take all necessary measures to ensure that DSBT
is able to obtain all the Business Permits necessary for its business in a timely manner and all the Business Permits remain in
effect at any time.

 

6.2
The Shareholder hereby undertakes within the term of this Agreement that without the prior written consent by DSHK,

 

6.2.1
no Shareholder shall transfer or otherwise dispose of any Option Equity or create any encumbrance or other third party rights
on any Option Equity;

 

6.2.2
it shall not increase or decrease the DSBT Registered Capital or cast affirmative vote regarding the aforesaid increase or decrease
in registered capital;

 

    	5

     

    

 

6.2.3
it shall not dispose of or cause the management of DSBT to dispose of any of the DSBT Assets (except as occurs during the arm’s
length operations);

 

6.2.4
it shall not terminate or cause the management of DSBT to terminate any Material Agreements entered into by DSBT, or enter into
any other Material Agreements in conflict with the existing Material Agreements;

 

6.2.5
it shall not cause DSBT to conduct any transactions that may substantively affect the asset, liability, business operation, equity
structure, equity of a third party and other legal rights (except those occurring during the arm’s length operations or
daily operation, or having been disclosed to and approved by DSHK in writing);

 

6.2.6
it shall not appoint or cancel or replace any executive directors or members of board of directors (if any), supervisors or any
other management personnel of DSBT to be appointed or dismissed by the Shareholder;

 

6.2.7
it shall not announce the distribution of or in practice release any distributable profit, dividend or share profit or cast affirmative
votes regarding the aforesaid distribution or release;

 

6.2.8
it shall ensure that DSBT shall validly exist and prevent it from being terminated, liquidated or dissolved;

 

6.2.9
it shall not amend the Articles of Association of DSBT or cast affirmative votes regarding such amendment;

 

6.2.10
it shall ensure that DSBT shall not lend or borrow any money, or provide guarantee or engage in security activities in any other
forms, or bear any substantial obligations other than on the arm’s length basis; and

 

6.3
The Shareholder hereby undertakes that it must make all its efforts during the term of this Agreement to develop the business
of DSBT, and ensure that the operations of DSBT are legal and in compliance with the regulations and that it shall not engage
in any actions or omissions which might harm the DSBT Assets or its credit standing or affect the validity of the Business Permits
of DSBT.

 

6.4
Without limiting the generality of Article 6.3 above, considering the fact that the Shareholder of DSBT sets aside all the equity
interest held thereby in DSBT as security to secure the performance by DSBT of the obligations under the Management Services Agreement,
the performance of such Shareholder of the obligations under the Proxy Agreement, the Shareholder undertakes to, within the term
of this Agreement, make full and due performance of any and all of the obligations on the part thereof under the Proxy Agreement,
and to procure the full and due performance of DSBT of any and all of its obligations under the Management Services Agreement
and warrants that no adverse impact on exercising the rights under this Agreement by DSHK will be incurred due to the breach by
the Shareholder of the Proxy Agreement or the breach of the DSBT of the Management Services Agreement.

 

6.5
DSBT undertakes that, before its Exercise of Option and acquire all equity of DSBT, DSBT shall not do the following:

 

6.5.1
Sell, transfer, mortgage or dispose by other way any assets, business, revenue or other legal rights of DSBT, or permit creating
any encumbrance or other third party’s interest on such assets, business, revenue or other legal rights (except as occurs
during the arm’s length or operations or daily operation, or as is disclosed to DSHK and approved by DSHK in writing);

 

6.5.2
conduct any transactions that may substantively affect the asset, liability, business operation, equity structure, equity of a
third party and other legal rights (except those occurring during the arm’s length operations or daily operation, or having
been disclosed to DSHK and approved by DSHK in writing);

 

6.5.3
release any dividend or share profit to the Shareholder or cause the DSBT to do so in any form.

 

    	6

     

    

 

ARTICLE 7 - CONFIDENTIALITY

 

7.1
Notwithstanding the termination of this Agreement, the Shareholder shall be obligated to keep in confidence the following information
(hereinafter collectively the “CONFIDENTIAL 1NFORMATION”): (i) information on the execution, performance and the contents
of this Agreement; (ii) the commercial secret, proprietary information and customer information in relation to DSHK known to or
received by it as the result of execution and performance of this Agreement; and (iii) the commercial secrets, proprietary information
and customer information in relation to DSBT known to or received by it as the shareholder of DSBT.

 

The
Shareholder may use such Confidential Information only for the purpose of performing its obligations under this Agreement. The
Shareholder shall not disclose the above Confidential Information to any third parties without the written consent from DSHK,
or they shall bear the default liability and indemnify the losses.

 

7.2
Upon termination of this Agreement, the Shareholder shall, upon demand by DSHK, return, destroy or otherwise dispose of all the
documents, materials or software containing the Confidential Information and suspend using such Confidential Information.

 

7.3
Notwithstanding any other provisions herein, the validity of this Article shall not be affected by the suspension or termination
of this Agreement.

 

ARTICLE
8 - TERM OF AGREEMENT

 

This
Agreement shall take effect as of the date of formal execution by the Parties. This Agreement shall terminate when all the Option
Equity of DSBT held by the Shareholder is legally transferred under the name of DSHK and/or other entity or individual designated
by it in accordance with the provisions of this Agreement.

 

ARTICLE
9 - NOTICE

 

9.1
Any notice, request, demand and other correspondences made as required by or in accordance with this Agreement shall be made in
writing and delivered to the relevant Party.

 

9.2
The abovementioned notice or other correspondences shall be deemed to have been delivered when it is transmitted if transmitted
by facsimile or telex; it shall be deemed to have been delivered when it is delivered if delivered in person; it shall be deemed
to have been delivered five (5) days after posting the same if posted by mail.

 

ARTICLE
10 - LIABILITY FOR BREACH OF CONTRACT

 

10.1
The Parties agree and confirm that, if any party (hereinafter the “DEFAULTING PARTY”) breaches substantially any of
the provisions herein or omits substantially to perform any of the obligations hereunder, or fails substantially to perform any
of the obligations under this Agreement, such a breach or omission shall constitute a default under this Agreement (hereinafter
a “DEFAULT”), then non-defaulting Party shall have the right to require the Defaulting Party to rectify such Default
or take remedial measures within a reasonable period. If the Defaulting Party fails to rectify such Default or take remedial measures
within such reasonable period or within ten (10) days of non-defaulting Party’s notifying the Defaulting Party in writing
and requiring it to rectify the Default, then non-defaulting Party shall have the right at its own discretion to select any of
the following remedial measures:

 

(1)
to terminate this Agreement and require the Defaulting Party to indemnify it for all the damage; or

 

(2)
mandatory performance of the obligations of the Defaulting Party hereunder and require the Defaulting Party to indemnify it for
all the damage.

 

10.2
Without limiting the generality of Article 10.1, any breach of the Proxy Agreement, the Equity Pledge Agreement shall be deemed
as having constituted the breach by such Shareholder of this Agreement; and any breach by DSBT of any provision in the Management
Services Agreement, if attributable to the failure of the Shareholder to perform the obligations thereof under Article 6.4 hereof,
shall be deemed as having constituted the breach by such Shareholder of this Agreement.

 

    	7

     

    

 

10.3
The Parties agree and confirm that in no circumstances shall the Shareholder request the termination of this Agreement for any
reason, except otherwise stipulated by law or this Agreement.

 

10.4
Notwithstanding any other provisions herein, the validity of this Article shall stand disregarding the suspension or termination
of this Agreement.

 

ARTICLE
11 - MISCELLANEOUS

 

11.1
This Agreement shall be prepared in English language.

 

11.2
The formation, validity, execution, amendment, interpretation and termination of this Agreement shall be subject to Laws of Malaysia.

 

11.3
Any disputes arising from and in connection with this Agreement shall be settled through consultations
among the Parties involved, and if the Parties involved fail to reach an agreement regarding such a dispute within thirty (30)
days of its occurrence, such dispute shall be submitted to Kuala Lumpur Regional Centre for Arbitration for arbitration in Kuala
Lumpur accordance with the arbitration rules of such commission, and the arbitration award shall be final and binding on all the
Parties involved.

 

11.4
Any rights, powers and remedies empowered to any Party by any provisions herein shall not preclude any other rights, powers and
remedies enjoyed by such Party in accordance with laws and other provisions under this Agreement, and the exercise of its rights,
powers and remedies by a Party shall not preclude its exercise of its other rights, powers and remedies by such Party.

 

11.5
Any failure or delay by a Party in exercising any of its rights, powers and remedies hereunder or in accordance with laws (hereinafter
the “PARTY’S RIGHTS”) shall not lead to a waiver of such rights, and the waiver of any single or partial exercise
of the Party’s Rights shall not preclude such Party from exercising such rights in any other way and exercising the remaining
part of the Party’s Rights.

 

11.6
The titles of the Articles contained herein shall be for reference only, and in no circumstances shall such titles be used in
or affect the interpretation of the provisions hereof.

 

11.7
Each provision contained herein shall be severable and independent from each of other provisions, and if at any time any one or
more articles herein become invalid, illegal or unenforceable, the validity, legality or enforceability of the remaining provisions
herein shall not be affected as a result thereof.

 

11.8
Upon execution, this Agreement shall substitute any other legal documents previously executed by the Parties on the same subject.

 

11.9
Any amendments or supplements to this Agreement shall be made in writing and shall take effect only when properly signed by the
Parties to this Agreement.

 

11.10
Without prior written consent by DSHK, the Shareholder shall not transfer to any third party any of its right and/or obligation
under this Agreement, DSHK shall have the right to transfer to any third party designated by it any of its right and/or obligation
under this Agreement after notice to the Shareholder.

 

11.11
This Agreement shall be binding on the legal successors of the Parties.

 

[The
remainder of this page is left blank]

 

    	8

     

    

 

IN
WITNESS HEREOF, the Parties have caused this Call Option Agreement to be executed in Malaysia as of the date first herein above
mentioned.

 

	JERVEY
    CHOON	 
	 	 	 
	Signature
    by:	/s/
    Jervey Choon	 

 

For
and on behalf of

DSWISS
(HK) LIMITED (Company chop)

 

 

	Signature
    by: 	/s/
    Leong Ming Chia	 
	Name:	Leong
    Ming Chia	 
	Position:	Authorized
    Representative	 

 

For
and on behalf of

DSWISS
BIOTECH SDN BHD (Company chop)

 

	Signed
    by:	/s/
    Jervey Choon	 
	Name:	Jervey
    Choon	 
	Position:	Authorized
    Representative	 

 

    	9

     

    

 

APPENDIX
I:

 

FORMAT
OF THE OPTION EXERCISE NOTICE

 

To:
JERVEY CHOON

 

As
our company and you signed an Call Option Agreement as of JUNE 27, 2016 (hereinafter the “OPTION AGREEMENT”), and
reached an agreement that you shall transfer the equity you hold in DSWISS BIOTECH SDN BHD (hereinafter the “DSBT”)
to our company or any third parties designated by our company on demand of our company to the extent as permitted by Laws of Malaysia
and regulations, Therefore, our company hereby gives this Notice to you as follows:

 

Our
company hereby requires to exercise the Call Option under the Option Agreement and DSWISS (HK) LIMITED, designated by our company
shall accept the equity you hold accounting for_________ % of DSWISS BIOTECH SDN BHD Registered Capital (hereinafter the “PROPOSED
ACCEPTED EQUITY”). You are required to forthwith transfer all the Proposed Accepted Equity to DSWISS (HK) LIMITED upon receipt
of this Notice in accordance with the agreed terms in the Option Agreement.

 

Best
regards,

 

For
and on behalf of

DSWISS
(HK) LIMITED (Company chop)

 

Authorized
Representative:

 

Date:

    	10

     

    

 

APPENDIX
II:

 

FORM
OF THE POWER OF ATTORNEY

 

I,
__________________________________ , hereby irrevocably entrust __________________ [with his/her identity card number of______________],
as the authorized representative of me, to sign the Equity Transfer Agreement and other relevant legal documents between me and
_________________ regarding the Equity Transfer of DSWISS BIOTECH SDN BHD.

 

Signature:

Date:

 

    	11CONFIDENTIAL

 

MANAGEMENT
SERVICES AGREEMENT

 

BETWEEN

 

DSWISS
(HK) LIMITED

 

AND

 

DS
ASIA CO., LTD

 

JUNE
27, 2016

 

    	 

     

    

 

MANAGEMENT
SERVICES AGREEMENT

 

This
MANAGEMENT SERVICES AGREEMENT (“Agreement”) is entered into as of June 27, 2016 (the “Effective
Date”), by and between the following (each a “Party” and together the “Parties”):

 

	 	(i)	DS
    ASIA CO., LTD (“DSAC”)
	 	 	 
	 	 	Registered
    Address: 268/24  Soi Tao Pun Junction, Pracharat Rd., Bangsue,  Bangkok 10800 Thailand
	 	 	 
	 	(ii)	DSWISS
    (HK) LIMITED. ("DSHK")
	 	 	 
	 	 	Registered
    Address: Rm 405, 4/F Energy Plaza, Tsim Sha Tsui East, Kowloon, Hong Kong

 

RECITALS

 

This
Agreement is entered into with reference to the following facts:

 

A.
DSAC is a limited liability company incorporated under the laws of Thailand. DSAC is 49% owned by DSHK, 41% owned by Ms. Weraya
Limpasuthum and 10% owned by Ms. Kanittha Tharanut (collectively, the “Nominee Shareholders”). DSAC
is engaged in trading business in Thailand (together with any expansion, contraction or other change to the scope of that business
as contemplated by this Agreement, the “Business”).

 

B.
DSHK is a limited liability company incorporated under the laws of Hong Kong. DSHK is 100% owned by DSwiss Holding Limited., a
Seychelles company, and subsequent owned by DSwiss Inc., a Nevada company. DSHK has executive and financial management experience
and capability relevant to the Business.

 

C.
DSAC desires to engage DSHK to provide management, financial and other services in connection with the operation of the Business,
and DSHK desires to provide those services to DSAC. The Parties now desire to memorialize the terms and conditions pursuant to
which those services will be provided by DSHK to DSAC, and pursuant to which DSAC will compensate DSHK therefor.

 

NOW,
THEREFORE, in consideration for the mutual covenants and promises contained herein, and for other good and valuable consideration,
the receipt and sufficiency of which is acknowledged by the Parties, and through friendly consultation, under the principle of
equality and mutual benefits, in accordance with the relevant laws and regulations of Hong Kong, the Parties agree as follows:

 

AGREEMENT

 

1.
Management Services. During the Term of this Agreement, DSHK will identify and provide to DSAC executive and financial
management personnel in sufficient numbers and with expertise and experience appropriate to provide the services identified in
Appendix I, as it may be amended from time to time by written agreement of the Parties (the “Management Services”),
and will provide those Services to DSAC. DSAC will take all commercially reasonable actions to permit and facilitate the provision
of the Management Services by DSHK and accept those Services.

 

    	 1

     

    

 

2.
Compensation to DSHK. As compensation for providing the Management Services, DSHK will be entitled to receive a
fee (the “Management Services Fee”), upon demand, equal to one hundred percent (100%) of the annual
Net Profit of DSAC during the Term of this Agreement. At the sole discretion of DSHK, the Net Profit of DSAC shall be calculated
through the end of the immediately preceding fiscal year of DSAC, and paid by DSAC to DSHK within sixty (60) days of demand therefor.
Until and unless such demand is made, the Management Services Fee is not due and payable to DSHK and it is the intent of the Parties
that the Fee represents shall not be accrued by DSAC. Any dispute between the Parties concerning any calculation or payment under
this Section 2 will be resolved pursuant to the dispute resolution provisions of Section 15.

 

For
the purpose of this agreement, Net Profit means the net profit of DSAC for the period immediately preceding the date for calculation
of Net Profit set out in the Agreement, calculated as follows: (a) all revenue or income accrued by DSAC, less (b) all costs,
accrued expenses and taxes paid or accrued and payable.

 

3.
Ad Hoc Payment. The Parties acknowledge that in order to provide the Management Services under this Agreement, DSHK
may incur expenses and costs from time to time, and the Parties further agree that DSHK may request an ad hoc payment every calendar
quarter and such payment may be credited against DSAC’s future payment obligations of the Management Services Fee.

 

4.
Credit for Amounts Paid Under Other Agreements. DSHK and DSAC are or may be parties to certain other agreements,
such as the Technical Service Agreement, some or all of which may require certain payments to be made by DSAC to affiliates and/or
designee of DSHK in consideration for services, equipment or other items of value provided by affiliates and/or designee of DSHK.
The Parties agree that any and all such amounts may be (a) separately paid by DSAC and accordingly counted as expenses of DSAC,
reducing DSAC’s Net Profit; or (b) included in the aggregate Net Profit of DSAC and not separately paid to DSHK.

 

5.
Interest Penalty. If any amounts due and payable under this Agreement are not paid when due, interest will accumulate
on such amounts at the rate of four percent (4%) per annum until paid. This interest penalty may be reduced or waived by the Party
entitled to receive it in light of actual circumstances, including the reason for any delay in payment.

 

6.
Guarantees. To the extent and only to the extent permitted by applicable law, each Party agrees to act as a guarantor
of the indebtedness of the other, as and only as follows:

 

	 	(a)	DSAC
    will not incur any indebtedness to any Person not a party to this Agreement without the advance written consent of DSHK in
    the exercise of its obligations to provide comprehensive Management Services under this Agreement.
	 	 	 
	 	(b)	DSHK
    may, in the exercise of its reasonable business judgment, incur indebtedness to any Person not a party to this Agreement,
    provided that any such indebtedness may only be in connection with the Business. If DSHK incurs any indebtedness as contemplated
    by this Section 6(b), DSAC will act as a guarantor of that indebtedness.

 

    	 2

     

    

 

7.
Exclusivity. During the Term of this Agreement, (a) DSAC will not contract with any other Person to provide services
which are the same or similar to the Management Services. For purposes of this Section 7 only, “Person” does not include
any Affiliate of either Party, including other entities that may become affiliated with either Party.

 

8.
Operation of Business. During the Term of this Agreement:

 

	 	(a)	The
    DSAC will ensure that:
	 	 	 	 
	 	 	(i)	the
    business of DSAC, together with all business opportunities presented to or which become available to DSAC, will be treated
    as part of the Business covered by the Management Services and this Agreement;
	 	 	 
	 	(ii)	all
    cash of DSAC will be maintained in Company Bank Accounts or disposed of in accordance with this Agreement;
	 	 	 
	 	(iii)	all
    business income, working capital, recovered accounts receivable, and any other funds which come into the possession of DSAC
    or are derived from or related to the operation of the business of DSAC, are deposited into a Company Bank Account;
	 	 	 
	 	(iv)	all
    accounts payable, employee compensation and other employment-related expenses, and any payments in connection with the acquisition
    of any assets for the benefit of DSAC or the satisfaction of any liabilities of DSAC, are paid from amounts maintained in
    Company Bank Accounts;
	 	 	 
	 	(v)	DSHK
    or any third party designated by DSHK will have full access to the financial records of DSAC and from time to time, DSHK may
    request, at its sole option, to conduct an auditing with regard to the financial status of DSAC;
	 	 	 
	 	(vi)	no
    action is taken without the prior written consent of DSHK that that would have the effect of entrusting all or any part of
    the business of DSAC to any other Person.

 

	 	(b)	DSHK
    will ensure that:
	 	 	 
	 	 	(i)	it
    exercises with respect to the conduct of the Business the same level of care it exercises with respect to the operation of
    its own business and will at all times act in accordance with its Reasonable Business Judgment, including taking no action
    which it knows, or in the exercise of its Reasonable Business Judgment should have known, would materially adversely affect
    the status of any of permits, licenses and approvals necessary for the conduct of the Business or constitute a violation of
    all Legal Requirements;

 

    	 3

     

    

 

	 	 	(ii)	neither
    it, nor any of its agents or representatives, takes any action that interferes with, or has the effect of interfering with,
    the operation of the Business in accordance with this Agreement, or which materially adversely affects its assets, operations,
    business or prospects;
	 	 	 	 
	 	 	(iii)	use
    its Best Efforts to cooperate and assist DSAC to maintain in effect all permits, licenses and other authorizations and approvals
    necessary or appropriate to the conduct of the Business; and
	 	 	 	 
	 	 	(iv)	subject
    to the provisions of Section 10 relating to the Transition period, it will preserve intact the business and operations
    of DSAC and take no action which it knows, or in the exercise of its Reasonable Business Judgment should have known, would
    materially adversely affect the business, operations, or prospects of DSAC.

 

9.
Material Actions. The Parties acknowledge and agree that the economic risk of the operation of the Business is being
substantially assumed by DSAC and that the continued business success of DSAC is necessary to permit the Parties to realize the
benefits of this Agreement. During the Term of this Agreement, the Parties therefore will ensure that DSAC does not take any Material
Action without the advance written consent of DSHK, which consent will not be unreasonably withheld or delayed.

 

10.
Transition of Business to DSHK; Future Expansion. At the sole discretion of DSHK, during the Term of this Agreement,
DSHK may transfer or cause to be transferred from DSAC to DSHK or its designee (referred to collectively for purposes of this
Section 10 as “DSHK”) any part or all of the business, personnel, assets and operations of DSAC which may be lawfully
conducted, employed, owned or operated by DSHK (the “Transition”), including any of the following:

 

	 	(a)	business
    opportunities presented to, or available to DSAC may be pursued and contracted for in the name of DSHK rather than DSAC, and
    at its discretion DSHK may employ the resources of DSAC to secure such opportunities;
	 	 	 
	 	(b)	any
    tangible or intangible property of DSAC, any contractual rights, any personnel, and any other items or things of value held
    by DSAC may be transferred to DSHK at book value;
	 	 	 
	 	(c)	real
    property, personal or intangible property, personnel, services, equipment, supplies and any other items useful for the conduct
    of the Business may be obtained by DSHK by acquisition, lease, license or otherwise, and made available to DSAC on terms to
    be determined by agreement between DSHK and DSAC;
	 	 	 
	 	(d)	contracts
    entered into in the name of DSAC may be transferred to DSHK, or the work under such contracts may be subcontracted, in whole
    or in part, to DSHK, on terms to be determined by agreement between DSHK and DSAC; and
	 	 	 
	 	(e)	any
    changes to, or any expansion or contraction of, the Business may be carried out in the exercise of the sole discretion of
    DSHK, and in the name of and at the expense of, DSHK;

 

provided,
however, that none of the foregoing, and no other part of the Transition may cause or have the effect of terminating (without
being substantially replaced under the name of DSHK) or adversely affecting any license, permit or regulatory status of DSAC.
Any of the activity contemplated by this Section10 will be deemed part of the “Business.”

 

    	4

     

    

 

11.
Ownership of Intellectual Property. All Intellectual Property created by DSHK in the course of providing the Management
Services will be the sole property of DSHK and DSAC will have no right to any ownership or use of such Intellectual Property except
under separate written agreement with DSHK.

 

12.
Representations and Warranties of DSAC. DSAC hereby makes the following representations and warranties for the benefit
of DSHK:

 

	 	(a)	Corporate
    Existence and Power. DSAC is a limited liability company duly organized and validly existing under the laws of Thailand,
    and has all legal or corporate power and all governmental licenses, authorizations, consents and approvals required to carry
    on its business as now conducted and as currently contemplated to be conducted. DSAC has never approved, or commenced any
    proceeding or made any election contemplating, the dissolution or liquidation of DSAC or the winding up or cessation of the
    business or affairs of DSAC.
	 	 	 
	 	(b)	Authorization;
    No Consent. DSAC (i) has taken all necessary corporate and other actions to authorize its execution, delivery and
    performance of this Agreement and all related documents and has the corporate and other power and authorization to execute,
    deliver and perform this Agreement and the other related documents; (ii) has the absolute and unrestricted right, power, authority,
    and capacity to execute and deliver this Agreement and the other related documents and to perform its obligations under this
    Agreement and the other related documents; (iii) is not required to give any notice to or obtain any Consent from any Person
    in connection with the execution and delivery of this Agreement or the consummation or performance of any of the transactions
    or actions contemplated by any of the Business Cooperation Agreements, except for any notices that have been duly given or
    Consents that have been duly obtained; and (iv) holds all the governmental authorizations necessary to permit it to lawfully
    conduct and operate its business in the manner it currently conducts and operates such business and to permit DSAC to own
    and use its assets in the manner in which it currently owns and uses such assets. To the best knowledge of DSAC, there is
    no basis for any governmental authority to withdraw, cancel or cease in any manner any of such governmental authorizations.
	 	 	 
	 	(c)	No
    Conflicts. The execution and perform of this Agreement by DSAC will not contravene, conflict with, or result in violation
    of (i) any provision of the organizational documents of DSAC; (ii) resolution adopted by the board of directors or the equity
    holders of DSAC; and (iii) any laws and regulations to which DSAC or the transactions and relationships contemplated in this
    Agreement.

 

    	 5

     

    

 

13.
Representations and Warranties of DSHK. DSHK hereby makes the following representations and warranties for the benefit
of DSAC:

 

	 	(a)	Corporate
    Existence and Power. DSHK (i) is a limited liability company duly organized and validly existing under the laws of
    Hong Kong, and has all corporate power and all governmental licenses, authorizations, consents and approvals required to carry
    on its business as now conducted and as currently contemplated to be conducted; and (ii) has not ever approved, or commenced
    any proceeding or made any election contemplating, the dissolution or liquidation of DSHK or the winding up or cessation of
    the business or affairs of DSHK.
	 	 	 
	 	(b)	Authorization;
    No Consent. DSHK (i) has taken all necessary corporate actions to authorize its execution, delivery and performance
    of this Agreement and all related documents and has the corporate power and authorization to execute, deliver and perform
    this Agreement and the other related documents; (ii) has the absolute and unrestricted right, power, authority, and capacity
    to execute and deliver this Agreement and the other related documents and to perform its obligations under this Agreement
    and the other related documents; (iii) is not required to give any notice to or obtain any Consent from any Person in connection
    with the execution and delivery of this Agreement or the consummation or performance of any of the Business Cooperation Agreements,
    except for any notices that have been duly given or Consents that have been duly obtained; and (iv) has all the governmental
    authorizations necessary to permit DSHK to lawfully conduct and operate its business in the manner it currently conducts and
    operates such business and to permit DSHK to own and use its assets in the manner in which it currently owns and uses such
    assets. To the best knowledge of DSHK, there is no basis for any governmental authority to withdraw, cancel or cease in any
    manner any of such governmental authorizations.
	 	 	 
	 	(c)	No
    Conflicts. The execution and perform of this Agreement by DSHK will not contravene, conflict with, or result in violation
    of (i) any provision of the organizational documents of DSHK; (ii) any resolution adopted by the board of directors or the
    equity holders of DSHK; and (iii) any laws and regulations to which DSHK or the transactions and relationships contemplated
    in this Agreement and the Business Cooperation Agreements are subject.

 

14.
Liability for Breach; Indemnification and Hold Harmless. Each of the Parties will be liable to the other Party for
any damage or loss caused by such Party’s breach of this Agreement. DSAC will indemnify and hold harmless DSHK from and
against any claims, losses or damages unless caused by a breach by DSHK of its obligations under this Agreement or by the willful,
reckless or illegal conduct of DSHK. DSHK will indemnify and hold harmless DSAC from and against any claims, losses or damages
caused by any breach by DSAC of its obligations under this Agreement or by the willful, reckless or illegal conduct of DSAC.

 

    	6

     

    

 

15.
Dispute Resolution.

 

	 	(a)	Friendly
    Consultations. Any and all disputes, controversies or claims arising out of or relating to the interpretation or implementation
    of this Agreement, or the breach hereof or relationships created hereby, will be settled through friendly consultations.
	 	 	 
	 	(b)	Arbitration.
    If any such dispute is not resolved through friendly consultations within sixty (60) days from the date a Party gives
    the other Parties written notice of a dispute, then it will be resolved exclusively by arbitration under in accordance with
    the UNCITRAL Arbitration Rules as at present in force and as may be amended by the rest of this clause. The appointing authority
    shall be Hong Kong International Arbitration Centre. The place of arbitration shall be in Hong Kong at Hong Kong International
    Arbitration Centre (HKIAC). Any arbitration will be conducted in either in English or Chinese languages. The arbitration award
    will be final and binding on both Parties and will not be subject to any appeal, and the Parties agree to be bound thereby
    and to act accordingly.
	 	 	 
	 	(c)	Continuation
    of Agreement. It is not necessary for any Party to declare a breach of this Agreement in order to proceed with the
    dispute resolution process set out in this Section 15. Unless and until this Agreement is terminated pursuant to Section
    16, this Agreement will continue in effect during the pendency of any discussions or arbitration under this Section
    15.

 

16.
Term. This Agreement is effective as of the date first set forth above, and will continue in effect for a period
of ten (10) years (the “Initial Term”), and for succeeding periods of the same duration (each, “Subsequent
Term”), until terminated by one of the following means either during the Initial Term or thereafter. The period
during which this Agreement is effective is referred to as the “Term.”

 

	 	(a)	Mutual
    Consent. This Agreement may be terminated at any time by the mutual consent of the Parties, evidenced by an agreement
    in writing signed by both Parties.
	 	 	 
	 	(b)	Termination
    by DSHK. This Agreement may be terminated by DSHK ((i) upon written notice delivered to DSAC no later than ten (10)
    calendar days before the expiration of the Initial Term or any Subsequent Term; or (ii) at any time by upon ninety (90) calendar
    days’ written notice delivered to DSAC.
	 	 	 
	 	(c)	Breach
    or Insolvency. Either of DSAC or DSHK may terminate this Agreement immediately (a) upon the material breach by the
    other of its obligations hereunder and the failure of such Party to cure such breach within thirty (30) working days after
    written notice from the non-breaching Party; or (b) upon the filing of a voluntary or involuntary petition in bankruptcy by
    the other or of which the other is the subject, or the insolvency of the other, or the commencement of any proceedings placing
    the other in receivership, or of any assignment by the other for the benefit of creditors.

 

    	 7

     

    

 

	 	(d)	Consequences
    of Termination. Upon any effective date of any termination of this Agreement: (i) DSHK will instruct all management
    personnel identified or provided by it to DSAC to cease working for DSAC; (ii) DSHK will deliver to DSAC all chops and seals
    of DSAC; (iii) DSHK will deliver to DSAC, or grant to DSAC unrestricted access to and control of, all of the financial and
    other books and records of DSAC, including any and all permits, licenses, certificates and other proprietary and operational
    documents and instruments; (iv) DSHK will cooperate fully in the replacement of any signatories or persons authorized to act
    on behalf of DSAC with persons appointed by DSAC; and (v) any licenses granted by DSHK to DSAC during the Term will terminate
    unless otherwise agreed by the Parties.
	 	 	 
	 	(e)	Survival.
    The provisions of Section 14 (Indemnification; Hold Harmless), Section 15 (Dispute Resolution), Section 16(d)
    (Consequences of Termination) and Section 17 (Miscellaneous) will survive any termination of this Agreement. Any
    amounts owing from any Party to any other Party on the effective date of any termination under the terms of this Agreement
    will continue to be due and owing despite such termination.

 

17.
Miscellaneous.

 

	 	(a)	Headings
    and Gender. The headings of Sections in this Agreement are provided for convenience only and will not affect its construction
    or interpretation. All references to “Section” or “Sections” refer to the corresponding Section or
    Sections of this Agreement. All words used in this Agreement will be construed to be of such gender or number as the circumstances
    require. Unless otherwise expressly provided, the word “including” does not limit the preceding words or terms.
	 	 	 
	 	(b)	Usage.
    The words “include” and “including” will be read to include “without limitation.”
	 	 	 
	 	(c)	Severability.
    Whenever possible each provision and term of this Agreement will be interpreted in a manner to be effective and valid but
    if any provision or term of this Agreement is held to be prohibited by or invalid, then such provision or term will be ineffective
    only to the extent of such prohibition or invalidity, without invalidating or affecting in any manner whatsoever the remainder
    of such provision or term or the remaining provisions or terms of this Agreement. If any of the covenants set forth in this
    Agreement are held to be unreasonable, arbitrary, or against public policy, such covenants will be considered divisible with
    respect to scope, time and geographic area, and in such lesser scope, time and geographic area, will be effective, binding
    and enforceable against the Parties.
	 	 	 
	 	(d)	Waiver.
    No failure or delay by any Party to exercise any right, power or remedy under this Agreement will operate as a waiver of any
    such right, power or remedy.
	 	 	 
	 	(e)	Integration.
    This Agreement supersede any and all prior discussions and agreements (written or oral) between the Parties with respect to
    cooperation arrangement and other matters contained herein.

 

    	 8

     

    

 

	 	(f)	Assignments,
    Successors, and No Third-Party Rights. No Party may assign any of its rights under this Agreement without the prior
    consent of the other Parties, which will not be unreasonably withheld. Nothing expressed or referred to in this Agreement
    will be construed to give any Person other than the Parties to this Agreement any legal or equitable right, remedy, or claim
    under or with respect to this Agreement or any provision of this Agreement. This Agreement and all of its provisions and conditions
    are for the sole and exclusive benefit of the Parties to this Agreement and their successors and assigns.
	 	 	 
	 	(g)	Notices.
    All notices, requests, demands, claims, and other communications under this Agreement will be in writing. Any Party may send
    any notice, request, demand, claim, or other communication under this Agreement to the intended recipient at the address set
    forth on the signature page of this Agreement by any means (including personal delivery, expedited courier, messenger service,
    telecopy, telex, ordinary mail, or electronic mail), but no such notice, request, demand, claim, or other communication will
    be deemed to have been duly given unless and until it actually is received by the intended recipient. Refusal by a Party to
    accept notice that is validly given under this Agreement will be deemed to have been received by such Party upon receipt.
    Any Party may change the address to which notices, requests, demands, claims, and other communications under this Agreement
    are to be delivered by giving the other Parties notice in the manner herein set forth. Any notice, request, demand, claim,
    or other communication under this Agreement will be addressed to the intended recipient as set forth on the signature page
    hereto.
	 	 	 
	 	(h)	Further
    Assurances. Each of the Parties will use its best efforts to take all action and to do all things necessary, proper,
    or advisable in order to consummate and make effective the transactions contemplated by this Agreement.
	 	 	 
	 	(i)	Governing
    Law. This Agreement will be construed, and the rights and obligations under this Agreement determined, in accordance
    with the laws of the Hong Kong, without regard to the principles of conflict of laws thereunder.
	 	 	 
	 	(j)	Amendment.
    This Agreement may not be amended, altered or modified except by a subsequent written document signed by all Parties.

 

[Signature
Page Follows]

 

    	 9

     

    

 

IN
WITNESS HEREOF, the Parties have caused this Management Services Agreement to be executed in Thailand as of the date first herein
above mentioned.

 

	Weraya
    Limpasuthum (Shareholder of DS ASIA CO., LTD)	 
	 	 	 
	Signature
    by:	/s/
    Weraya Limpasuthum	 
	 	 	 
	Kanittha
    Tharanut (Shareholder of DS ASIA CO., LTD)	 
	 	 	 
	Signature
    by:	/s/
    Kanittha Tharanut	 

 

For
and on behalf of

DSWISS
(HK) LIMITED (Company chop)

 

	Signature
    by: 	/s/
    Leong Ming Chia	 
	Name:	Leong
    Ming Chia	 
	Position:	Authorized
    Representative	 

 

For
and on behalf of

DS
ASIA CO., LTD (Company chop)

 

	Signed
    by:	/s/
    Weraya Limpasuthum	 
	Name:	Weraya
    Limpasuthum	 
	Position:	Authorized
    Representative	 

 

    	 10

     

    

 

APPENDIX
I

 

Management
Services

 

For
purposes of that certain Management Services Agreement to which this is Appendix A, “Management Services”
means the following:

 

General
Management Services

 

“Management
Services” includes the following general management services relating to the operation of the Business, except for those
compulsively limited or prohibited by laws of Hong Kong and regulations otherwise:

 

(a)
All aspects of the day-to-day operations of DSAC, including its relationships with its customers, its performance under agreements
or other arrangements with any other parties, its compliance with applicable laws and regulations;

 

(b)
The appointment, hiring, compensation (including any bonuses, non-monetary compensation, fringe and other benefits, and equity-based
compensation), firing and discipline of all employees, consultants, agents and other representatives of DSAC, including the Executive
Director or the Board of Directors of DSAC and all other executive officers or employees of DSAC;

 

(c)
Establishment, maintenance, termination or elimination of any plan or other arrangement for the benefit of any employees, consultants,
agents, representatives or other personnel of DSAC;

 

(d)
Management, control and authority over all accounts receivable, accounts payable and all funds and investments of DSAC;

 

(e)
Management, control and authority over DSAC Bank Accounts, in connection with which all seals and signatures will be those of
personnel appointed and confirmed by DSHK;

(f)
Any expenditure, including any capital expenditure, of DSAC;

 

(g)
The entry into, amendment or modification, or termination of any contract, agreement and/or other arrangement to which DSAC is,
was, or would become a party;

 

(h)
The acquisition, lease or license by DSAC of any assets, supplies, real or personal property, or intellectual or other intangible
property;

 

(i)
The acquisition of or entry into any joint venture or other arrangement by DSAC with any other Person;

 

(j)
Any borrowing or assumption by DSAC of any liability or obligation of any nature, or the subjection of any asset of DSAC to any
Lien;

 

(k)
Any sale, lease, license, retirement or other disposition of any asset owned, beneficially owned or controlled by DSAC;

 

(l)
Applying for, renewing, and taking any action to maintain in effect, any permits, licenses or other authorizations and approvals
necessary for the operation of DSAC’s business;

 

(m)
The commencement, prosecution or settlement by DSAC of any litigation or other dispute with any other Person, through mediation,
arbitration, lawsuit or appeal;

 

(n)
The declaration or payment of any dividend or other distribution of profits of

 

(o)
The preparation and filing of all Tax Returns, the payment or settlement of any and all Taxes, and the conduct of any proceedings
with any Governmental Authority with respect to any Taxes; and

 

(p)
The carrying out of the Transition, as defined in Section 10, and any business or corporate restructuring of DSAC or its subsidiaries.

 

    	 11

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