Document:

Exhibit 10.1

 

AMENDMENT TO THE INVESTMENT MANAGEMENT TRUST
AGREEMENT

 

December 12, 2022

 

THIS AMENDMENT TO THE INVESTMENT MANAGEMENT TRUST AGREEMENT (this “Amendment”)
is made as of December 12, 2022, by and between Glenfarne Merger Corp., a Delaware corporation (the “Company”), and
Continental Stock Transfer & Trust Company, a New York limited purpose trust company (the “Trustee”). Capitalized
terms contained in this Amendment, but not specifically defined in this Amendment, shall have the meanings ascribed to such terms in that
certain Investment Management Trust Agreement, dated March 15, 2021, by and between the parties hereto (the “Trust Agreement”).

 

WHEREAS, a total of $272,500,000 was placed in the Trust Account from
the Offering and sale of private placement units;

 

WHEREAS, Section 1(i) of the Trust Agreement provides that the Trustee
shall commence liquidation of the Trust Account only after and promptly after (x) receipt of, and only in accordance with the terms of,
a Termination Letter (as defined in the Trust Agreement); or (y) upon the date which is, the later of (1) 24 months after the closing
of the Offering and (2) such later date as may be approved by the Company’s stockholders in accordance with the Charter if a Termination
Letter has not been received by the Trustee prior to such date; 

 

WHEREAS, Section 6 of the Trust Agreement provides that the Trust
Agreement may only be amended by a writing signed by each of the Company and the Trustee with the Consent of the Stockholders; and

 

WHEREAS, at a special meeting of the stockholders of the Company held
on or about the date hereof (the “Meeting”), at least sixty five percent (65%) of all then outstanding shares
of the Common Stock and the Company’s Class B common stock have voted to approve this Amendment;

 

WHEREAS, at the Meeting, the stockholders of the Company also voted
to approve an amendment of the Company’s amended and restated certificate of incorporation; and

 

WHEREAS, each of the Company and the Trustee
desires to amend the Trust Agreement as provided herein.

 

NOW, THEREFORE, in consideration of the mutual agreements contained
herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally
bound hereby, the parties hereto agree as follows:

 

	1.	Amendment to Trust Agreement.

 

Section 1(i) of the Trust Agreement is hereby amended and
restated in its entirety as follows:

 

“Commence liquidation of the Trust Account only after
and promptly after (x) receipt of, and only in accordance with the terms of, a letter from the Company (“Termination Letter”)
in a form substantially similar to that attached hereto as either Exhibit A or Exhibit B, as applicable, signed on behalf of the Company
by the Chief Executive Officer, Chief Financial Officer, President, Treasurer or Chairman of the board of directors of the Company (the
“Board”) or other authorized officer of the Company, and, in the case of Exhibit A, acknowledged and agreed
to by the Representatives, and complete the liquidation of the Trust Account and distribute the Property in the Trust Account, including
interest not previously released to pay the Company’s taxes (which interest shall be net of taxes payable and less up to $100,000
of interest that may be released to the Company to pay dissolution expenses), only as directed in the Termination Letter and the other
documents referred to therein, or (y) the Accelerated Termination Date (as such term is defined in the Company’s amended and restated
certificate of incorporation, as amended) if a Termination Letter has not been received by the Trustee prior to such date, in which case
the Trust Account shall be liquidated in accordance with the procedures set forth in the Termination Letter attached as Exhibit B and
the Property in the Trust Account, including interest not previously released to pay the Company’s taxes (which interest shall be
net of taxes payable and less up to $100,000 of interest that may be released to the Company to pay dissolution expenses) shall be
distributed to the Public Stockholders of record as of such date”.

 

     

     

    

 

	2.	Miscellaneous Provisions.

 

2.1. Successors. All the covenants and provisions
of this Amendment by or for the benefit of the Company or the Trustee shall bind and inure to the benefit of their permitted respective
successors and assigns.

 

2.2. Severability. This Amendment shall be deemed
severable, and the invalidity or unenforceability of any term or provision hereof shall not affect the validity or enforceability of this
Amendment or of any other term or provision hereof. Furthermore, in lieu of any such invalid or unenforceable term or provision, the parties
hereto intend that there shall be added as a part of this Amendment a provision as similar in terms to such invalid or unenforceable provision
as may be possible and be valid and enforceable.

 

2.3. Applicable Law. This Amendment shall be governed
by and construed and enforced in accordance with the laws of the State of New York.

 

2.4. Counterparts. This Amendment may be executed
in several original or facsimile counterparts, each of which shall constitute an original, and together shall constitute but one instrument.

 

2.5. Effect of Headings. The section headings herein
are for convenience only and are not part of this Amendment and shall not affect the interpretation thereof.

 

2.6. Entire Agreement. The Trust Agreement, as modified
by this Amendment, constitutes the entire understanding of the parties and supersedes all prior agreements, understandings, arrangements,
promises and commitments, whether written or oral, express or implied, relating to the subject matter hereof, and all such prior agreements,
understandings, arrangements, promises and commitments are hereby canceled and terminated.

 

[Signature Page to Follow]

 

    2

     

    

 

IN WITNESS WHEREOF, the parties have duly
executed this Amendment as of the date first set forth above.

 

	 	GLENFARNE MERGER CORP.
	 	 	 
	 	By:	/s/ Brendan Duval
	 	Name:	Brendan Duval
	 	Title:	Chief Executive Officer
	 	 
	 	CONTINENTAL STOCK TRANSFER & TRUST COMPANY, AS TRUSTEE
	 	 	 
	 	By:	/s/ Francis Wolf
	 	Name: 	Francis Wolf
	 	Title:	Vice President

 

 

3Exhibit
10.1

 

SHARE
PURCHASE AGREEMENT

 

This
Share Purchase Agreement (this “Agreement”) is entered into as of December 12th, 2022 (the “Effective
Date”), by and among Meiwu Technology Company Limited, a limited liability company organized under the laws of the British
Virgin Islands (the “Buyer”), Xinfuxin International Holdings Limited, a British Virgin Islands business company (the
“Company”), and certain shareholders of the Company (individually, a “Seller,” collectively, the
“Sellers”). The Buyer, the Company and the Sellers are sometimes referred to herein individually as a “Party”
and collectively as the “Parties”.

 

RECITALS

 

1.
The Sellers are the record holders and beneficial owners of 100% of the issued and outstanding capital stock (the “Company Shares”)
of the Company;

 

2.
The Company owns 100% equity interest of Antai Medical Limited, a limited liability company organized under the laws of Hong Kong (“Antai”),
which owns 100% equity interest of Hunan Yuanxing Chanrong Technology Co., Ltd., a company organized under the laws of the PRC (“Yuanxing
Chanrong”); and

 

3.
To induce the Company and Sellers to enter into this Agreement, the Buyer desires to transfer to the Sellers and the Sellers desire to
acquire from the Buyer, certain shares of the Buyer as the Consideration (as defined below).

 

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

 

ARTICLE
I INTERPRETATION

 

1.1
Defined Terms

 

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

 

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

 

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

 

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

 

    	 

     

    

 

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

 

“Business”
means the business activities of Information system integration services,data processing and storage services; integrated circuit design
by the company in Xiamen, China before the date of this agreement, which integrates communication, software, automation and artificial
intelligence;

 

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

 

“Closing”
means the completion of the transactions contemplated by this Agreement. The Closing shall take place at the offices of Hunter Taubman
Fischer & Li LLC, 48 Wall Street, Suite 1100, New York, NY 10005, on the third (3rd) Business Day after all the closing conditions
to this Agreement have been satisfied or waived at 10:00 a.m. local time, or at such other date, time or place as the Buyer and the Company
may agree.

 

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

 

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

 

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

 

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

 

“Copyright
Laws” means any federal, state or local law, statute, rule, order, directive, judgment, Permit or regulation or the common
law relating to the copyright activities, including written works,oral works, works of music,works of fine art and architecture,photographic
works,audio-avisual works;graphic works and model works such as design ,Computer software and other intellectual achievements ;

 

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

 

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

 

    	 

     

    

 

“Financial
Statements” means the Prior Year-End Financial Statements;

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

“Real
Property” means the leasehold interests in real property of the Company;

 

“Reasonable
Best Efforts” shall mean best efforts, to the extent commercially reasonable;

 

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

 

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

 

    	 

     

    

 

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

 

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

 

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

 

“Transaction”
means the transaction contemplated by this Agreement.

 

1.2
Schedules

 

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

 

1.3
Currency

 

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

 

1.4
Choice of Law

 

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

 

1.5
Interpretation Not Affected by Headings or Party Drafting

 

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

 

    	 

     

    

 

1.6
Number and Gender

 

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

 

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

 

1.7
Knowledge

 

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

 

1.8
Time of Essence

 

Time
shall be of the essence of this Agreement.

 

ARTICLE
II

PURCHASE
AND SALE; CLOSING PROCEEDS

 

2.1
Purchase and Sale

 

		(a)	In
                                            exchange for the Buyer’s acquisition of 100% of the Company Shares, the Buyer shall
                                            deliver to the Sellers, and the Sellers shall acquire from the Buyer, 12,000,000 ordinary
                                            shares (“Share Consideration”), no par value (“Ordinary Shares”),
                                            of the Buyer, which equals to the quotient of 100% of the valuation of the Company as agreed
                                            by the parties, which is RMB 70 million (approximately $9,600,000), divided by the price
                                            of $0.8.

 

		(b)	Notwithstanding
                                            Section 2.1(a), promptly after receiving all consents from NASDAQ or Buyer’s shareholders
                                            that may be, as determined by Buyer in its sole discretion, as advisable or necessary in
                                            connection with the Transaction (the “Required Approvals”), Buyer shall
                                            deliver to each Seller or their respective designees the Share Consideration as listed in
                                            Schedule 1.

 

ARTICLE
III REPRESENTATIONS AND WARRANTIES

 

3.1
Representations and Warranties by the Sellers and the Company

 

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

 

    	 

     

    

 

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

 

	 	(b)	Authority
  and Binding Obligation.

 

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

 

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

 

	 	(c)	Consents
  and Regulatory Approvals.

 

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

 

    	 

     

    

 

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

 

	 	(d)	Licenses.

 

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

 

		(ii)	Each
                                            of the Company and its Subsidiaries holds all necessary licenses, permits, registrations
                                            and qualifications, including, without limitation, all Software Permits, (collectively the
                                            “Licenses”) in each jurisdiction in which:

 

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

 

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

 

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

 

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

 

		(i)	any
                                            term or provision of each of the Company and its Subsidiaries ‘s or any Seller’s
                                            Organizational Documents;

 

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

 

    	 

     

    

 

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

 

		(f)	Subsidiary.
                                            Except for its interests in the Subsidiaries set forth on Schedule 3, the Company
                                            does not as of the date of this Agreement own, directly or indirectly, any capital stock,
                                            membership interest, partnership interest, joint venture interest or other equity interest
                                            in any person. All the outstanding equity interests of the Subsidiary directly or indirectly
                                            held by each of the Company and its Subsidiaries have been validly issued and are fully paid,
                                            nonassessable and owned by each of the Company and its Subsidiaries , free and clear of Encumbrances.
                                            Each of the Company and its Subsidiaries owns all of the outstanding capital stock of each
                                            Subsidiary. The Subsidiary is validly existing and in good standing under the Laws of the
                                            jurisdiction of its formation, has all requisite power to own, lease and operate its properties
                                            and to carry on its business as currently conducted and as proposed to be conducted, and
                                            is duly qualified to do business and is in good standing in each jurisdiction in which it
                                            owns or leases property or conducts any business so as to require such qualification.

 

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

 

	 	(h)	Capitalization.

 

		(i)	The
                                            Company Shares collectively constitute 100% of the issued and outstanding capital stock of
                                            the Company. The Company Shares have been duly authorized and are validly issued, fully paid
                                            and nonassessable, and free of all preemptive rights.

 

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

 

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

 

    	 

     

    

 

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

 

		(k)	Material
                                            Liabilities. Neither any Seller nor each of the Company and its Subsidiaries has
                                            any material liabilities, obligations or commitments of the type required to be reflected
                                            on a balance sheet prepared in accordance with past accounting practices of each of the Company
                                            and its Subsidiaries .

 

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

 

		(m)	Absence
                                            of Certain Changes or Events. Since the date of the Financial Statements, each of the
                                            Company and its Subsidiaries has not, directly or indirectly:

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

    	 

     

    

 

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

 

		(ix)	suffered
                                            any extraordinary loss;

 

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

 

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

 

		(xii)	declared
                                            or paid any non-cash dividend or made any non-cash distribution upon or with respect to its
                                            equity interests, or made any non-cash payments, transfers or assignments of any rights,
                                            property or assets to any Seller or any other Person; or
	 	 	 
	 	(xiii)	authorized,
                                            agreed or otherwise become committed to do any of the foregoing.

 

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

 

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

 

		(p)	Intentionally
                                            Omitted

 

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

 

    	 

     

    

 

	 	(r)	Real
  Properties.

 

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

 

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

 

		(s)	Condition
                                            of Tangible Personal Property. The tangible personal property comprised of the equipment,
                                            furniture, and vehicles of each of the Company and its Subsidiaries, whether leased or owned,
                                            is in good operating condition and repair, reasonable wear and tear excepted. No major repair
                                            items are anticipated and the standard preventive maintenance operations have been carried
                                            out in accordance with the manufacturers’ recommendations.
	 	 	 
	 	(t)	Leased
                                            Personal Property. Each of the Company and its Subsidiaries has no leases of personal
                                            property used in or relating to the Business.

 

		(u)	Accounts
                                            Payable. Sellers have provided Buyer with a true, correct and complete list of the Accounts
                                            Payable of the Business as of December 31, 2022. All of such Accounts Payable arose in the
                                            Ordinary Course of Business.

 

		(v)	Accounts
                                            Receivable. Sellers have provided Buyer with a true, correct and complete list of the
                                            Accounts Receivable of the Business as of December 31, 2022, including an aging of such Accounts
                                            Receivable as of such date, both in the aggregate and by customer (0-30 days, 30-90 days
                                            and greater than 90 days). With respect to such Accounts Receivable: (i) all of such Accounts
                                            Receivable arose in the Ordinary Course of Business, (ii) except to the extent of any reserve
                                            for doubtful accounts, all of such Accounts Receivable have been (or will be) collected or,
                                            to the knowledge of any Seller or each of the Company and its Subsidiaries , are collectible
                                            (or will be collectible) in the book amounts thereof and (iii) none of such Accounts Receivable
                                            are or, to the Knowledge of any Seller or each of the Company and its Subsidiaries , will
                                            be, subject to any claim of offset, recoupment, setoff, or counter-claim, and to the Knowledge
                                            of any Seller or each of the Company and its Subsidiaries there are no specific facts or
                                            circumstances (whether asserted or unasserted) that would give rise to any such claim. No
                                            amount of such Accounts Receivable are or will be contingent upon the performance by each
                                            of the Company and its Subsidiaries of any obligation or contract. Except for trade discounts
                                            in the Ordinary Course of Business, no agreement for deduction or discount has been made
                                            with respect to any of such accrued receivables.

 

		(w)	Inventory.
                                            Sellers have provided Buyer a true, correct and complete list of each of the Company and
                                            its Subsidiaries’ owned inventory as of December 1, 2022, of items purchased in advance
                                            of the need to incorporate such inventory into a specific job or project (the “Pre-Purchased
                                            Inventory”). At Closing, Sellers will provide Buyer with an updated list of Pre-Purchased
                                            Inventory as of Closing. Such inventory is useable in the Ordinary Course of Business.

 

    	 

     

    

 

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

 

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

 

		(A)	any
                                            agreement for the purchase or sale of products or for the furnishing or receipt of services
                                            (1) which involves more than the sum of $10,000 or (2) in which each of the Company or its
                                            Subsidiaries has granted “most favored nation” pricing provisions or marketing
                                            or distribution rights relating to any services, products or territory or has agreed to purchase
                                            a minimum quantity of goods or services or has agreed to purchase goods or services exclusively
                                            from a certain party;
	 	 	 
		(B)	any
                                            agreement concerning the establishment or operation of a partnership, joint venture or limited
                                            liability company;
	 	 	 
		(C)	any
                                            agreement under which each of the Company or its Subsidiaries has created, incurred, assumed
                                            or guaranteed (or may create, incur, assume or guarantee) indebtedness (including capitalized
                                            lease obligations) or under which it has imposed (or may impose) any Encumbrance on any of
                                            its assets, tangible or intangible (excluding indebtedness and Encumbrances being paid off,
                                            terminated or otherwise satisfied in connection with the Closing);
	 	 	 
		(D)	any
                                            agreement for the disposition of any significant portion of the assets or business of each
                                            of the Company or its Subsidiaries (other than sales of products in the Ordinary Course of
                                            Business) or any agreement for the acquisition of the assets or business of any other entity
                                            (other than purchases of inventory or components in the Ordinary Course of Business);
	 	 	 
	 	(E)	any
                                            agreement concerning confidentiality or non-solicitation;
	 	 	 
		(F)	any
                                            employment agreement, consulting agreement, severance agreement (or agreement that includes
                                            provisions for the payment of severance) or retention agreement;
	 	 	 
	 	(G)	any
                                            agreement involving any current director, manager, officer, shareholder or member of each
                                            of the Company or its Subsidiaries;
	 	 	 
		(H)	any
                                            lease or agreement under which each of the Company or its Subsidiaries is the lessee of,
                                            or holds or operates, any personal property owned by any other party, for which the annual
                                            rental exceeds $15,000;
	 	 	 
	 	(I)	any
                                            agreement that prohibits each of the Company or its Subsidiaries from freely engaging in
                                            business anywhere in the world;
	 	 	 
		(J)	any
                                            distributor, sales representative, franchise or similar agreement to which each of the Company
                                            or its Subsidiaries is a party or by which each of the Company or its Subsidiaries is bound;
                                            and

 

    	 

     

    

 

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

 

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

 

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

 

	 	(z)	Employees.

 

		(i)	Sellers
                                            have provided to Buyer a true, correct and complete list as of December 1, 2022 of the following
                                            information for each employee of each of the Company or its Subsidiaries, including any employee
                                            on leave of absence or layoff status: name; job title; current compensation paid
                                            or payable; any change in compensation since December 31, 2021; vacation accrued;
                                            and service credited for purposes of vesting and eligibility to participate Benefit Plans,
                                            severance pay, vacation or other plan maintained by each of the Company or its Subsidiaries.
                                            Except as provided to Buyer, no employee is party to any written employment, service or consulting
                                            agreement, and all employees of the Company are employed on an at-will basis.

 

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

 

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

 

    	 

     

    

 

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

 

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

 

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

 

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

 

		(i)	The
                                            Company is not party to or bound by any agreement of guarantee, indemnification, assumption
                                            or endorsement or any other like commitment of the obligations, liabilities (whether accrued,
                                            absolute, contingent or otherwise) or Indebtedness of any Person.
	 	 	 
		(ii)	The
                                            Company has not given any guarantee or warranty in respect of any of the goods and services
                                            provided by it, except warranties made in the Ordinary Course of Business.
	 	 	 
		(iii)	In
                                            each of the two (2) years prior to the date hereof, no claims have been made against the
                                            Company or the Business for breach of warranty or contract or negligence or for a price adjustment
                                            or other concession in respect of any failure to perform services or work.
	 	 	 
		(iv)	There
                                            are no letters of credit, bonds or other financial security arrangements currently in place
                                            in connection with any transactions with its suppliers or customers, nor does the Company
                                            provide letters of credit, bonds or other financial security arrangements in the normal course
                                            of business.

 

    	 

     

    

 

		(cc)	Intellectual
                                            Property. Each of the Company and its Subsidiaries owns, possesses or can obtain on commercially
                                            reasonable terms sufficient legal rights to all Intellectual Property necessary to the Business
                                            of each of the Company and its Subsidiaries as presently conducted without any conflict with,
                                            or infringement or misappropriation, of the rights of others, the lack of which could reasonably
                                            be expected to have a Material Adverse Change. There are no outstanding options, licenses
                                            or agreements relating to the Intellectual Property owned or purported to be owned by each
                                            of the Company and its Subsidiaries, and each of the Company and its Subsidiaries is not
                                            bound by or a party to any options, licenses or agreements with respect to the Intellectual
                                            Property of any other person or entity. Each of the Company and its Subsidiaries has not
                                            received any written communication alleging that each of the Company and its Subsidiaries
                                            has violated or, by conducting its Business as currently conducted, would violate any of
                                            the Intellectual Property of any other Person, nor is each of the Company and its Subsidiaries
                                            or any Seller aware of any basis therefor. Except as described in agreements provided to
                                            Buyer, each of the Company and its Subsidiaries is not obligated to make any payments by
                                            way of royalties, fees or otherwise to any owner or licensor of or claimant to any Intellectual
                                            Property with respect to the use thereof in connection with the conduct of its Business as
                                            presently conducted. There are no agreements, understandings, instruments, contracts, judgments,
                                            orders or decrees to which each of the Company and its Subsidiaries is a party or by which
                                            it is bound which involve indemnification by each of the Company and its Subsidiaries with
                                            respect to infringements of Intellectual Property.

 

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

 

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

 

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

 

		(gg)	Independent
                                            Nature of Sellers’ Obligations and Rights. The only relationship among the Sellers
                                            is that they are all shareholders of the Company. Nothing contained herein and no action
                                            taken by the Sellers hereto, shall be deemed to constitute the Sellers as a partnership,
                                            an association, a joint venture or any other kind of entity, or create a presumption that
                                            the Sellers are in any way acting in concert or as a group with respect to such obligations
                                            or the transactions contemplated by this Agreement or any and the Company acknowledges that,
                                            to the best of its knowledge, the Sellers are not acting in concert or as a group with respect
                                            to such obligations or the transactions contemplated by this Agreement.

 

    	 

     

    

 

		(hh)	Customers
                                            and Suppliers. Sellers have provided Buyer with list of (a) customers of the Business
                                            that purchased from each of the Company and its Subsidiaries during the calendar years 2022,
                                            2021 and 2010, and the amount of revenues accounted for by such customer during such calendar
                                            year, and (b) each supplier to each of the Company and its Subsidiaries of any significant
                                            product or service that would not be able to be obtained from another supplier without unreasonable
                                            delay, expense or burden. No such customer or supplier has indicated within the past year
                                            that it will stop, or materially decrease the rate of, buying materials, products or services
                                            or supplying materials, products or services, as applicable, to the Business.

 

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

 

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

 

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

 

    	 

     

    

 

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

 

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

 

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

 

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

 

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

 

    	 

     

    

 

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

 

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

 

3.2
Representations and Warranties by Buyer 

 

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

 

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

 

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

 

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

 

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

 

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

 

    	 

     

    

 

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

 

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

 

ARTICLE
IV COVENANTS

 

4.1
Covenants by Sellers and the Company

 

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

 

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

 

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

 

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

 

    	 

     

    

 

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

 

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

 

4.2
[Reserved]

 

4.3
Consents

 

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

 

4.4
Preparation of Tax Returns.

 

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

 

    	 

     

    

 

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

 

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

 

ARTICLE
V CLOSING

 

5.1
Closing Arrangements

 

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

 

5.2
Closing Deliverables

 

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

 

	 	(a)	Deliverables
  to be delivered by Sellers and the Company:

 

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

 

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

 

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

 

    	 

     

    

 

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

 

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

 

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

 

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

 

		(ii)	Instruction
                                            letter to issue 12,000,000 Ordinary Shares to the Sellers;

 

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

 

ARTICLE
VI INDEMNIFICATION

 

6.1
Indemnity by Sellers and the Company

 

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

 

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

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

 

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

 

6.2
Indemnity by Buyer 

 

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

 

		(a)	any
                                            non-performance or non-fulfillment of any covenant or agreement on the part of Buyer contained
                                            in this Agreement or in any document given thereby in order to carry out the transactions
                                            contemplated hereby; and
	 	 	 
		(b)	any
                                            misrepresentation, inaccuracy, incorrectness or breach of any representation or warranty
                                            made by Buyer contained in this Agreement or contained in any document or certificate given
                                            in order to carry out the transactions contemplated hereby.

 

    	 

     

    

 

6.3
Indemnification Cap

 

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

 

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

 

ARTICLE
VII 

GENERAL
PROVISIONS

 

7.1
Further Assurances

 

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

 

7.2
Remedies Cumulative

 

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

 

7.3
Notices

 

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

 

	 	(i)	delivered
  via courier to such Party; or
	 	 	 
	 	(ii)	sent
  to the Party entitled to receive it by mail, postage prepaid; or
	 	 	 
	 	(iii)	delivered
  via email to such Party.

 

    	 

     

    

 

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

 

Company
and Sellers:

 

Xinfuxin
International Holdings Limited

Room
605, Management Committee

Economic
Development Zone, Wuling Avenue

Beihu
District, Chenzhou, Hunan Province

People’s
Republic of China

 

Buyer:

 

Meiwu
Technology Company Limited

1602,
Building C, Shenye Century Industrial Center

No.
743 Zhoushi Road, Bao’an District

Shenzhen,
People’s Republic of China

Email:
meiwuBS@usmeiwu.com

 

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

Hunter
Taubman Fischer & Li LLC

48
Wall Street, Suite 1100

New
York, NY 10005

Attn:
Joan Wu, Esq.

Telephone:
212 530 2208

Facsimile:
212 202 6380

Email:
jwu@htflawyers.com

 

Or
to such other address as the Party entitled to or receiving such notice, designation, communication, request, demand or other document
shall, by a notice given in accordance with this Section 7.3(b), have communicated to the Party giving or sending or delivering such
notice, designation, communication, request, demand or other document.

 

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

 

7.4
Counterparts

 

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

 

7.5
Expenses of Parties

 

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

 

    	 

     

    

 

7.6
Successors and Assigns

 

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

 

7.7
Entire Agreement

 

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

 

7.8
Survival

 

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

 

7.9
Additional Remedies

 

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

 

7.10
Severability

 

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

 

7.11
Waiver

 

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

 

    	 

     

    

 

7.12
Submission to Jurisdiction

 

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

 

7.13
Amendments

 

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

 

[signature
page follows]

 

    	 

     

    

 

	BUYER:
    	 
	 	 
	Meiwu
    Technology Company Limited	 
	 	 	 
	By:
    	/s/ Xinliang
    Zhang	 
	Name:	Xinliang
    Zhang	 
	Title:
    	Chief
    Executive Officer	 
	 	 	 
	COMPANY:	 
	 	 
	Xinfuxin
    International Holdings Limited	 
	 	 	 
	By:
    	/s/ Fuqing
    Zhang	 
	Name:	Fuqing
    Zhang	 
	Title:
    	Director	 
	 	 	 
	SELLERS:	 
	 	 	 
	By:
     	/s/ Yali
    Zhao	 
	Name:	Yali
    Zhao	 
	 	 	 
	By:	/s/
    Qi Zhang	 
	Name:	Qi
    Zhang	 
	 	 	 
	By:
    	/s/
    Xinyu Xue	 
	Name:	Xinyu
    Xue	 
	 	 	 
	By:
     	/s/
    Rui Wang	 
	Name:
    	Rui
    Wang	 
	 	 	 
	By:
    	/s/
    Wen Wang	 
	Name:	Wen
    Wang	 
	 	 	 
	By:
    	/s/
    Wenhui Wang	 
	Name:	Wenhui
    Wang

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