Document:

Exhibit 4.4

 

Unless this certificate is
presented by an authorized representative of The Depository Trust Company, a New York corporation (“DTC”), to the issuer or
its agent for registration of transfer, exchange or payment, and any certificate issued is registered in the name of Cede & Co.
or in such other name as is requested by an authorized representative of DTC (and any payment is made to Cede & Co. or to such
other entity as is requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE
BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has an interest herein.

 

INTERNATIONAL BUSINESS MACHINES CORPORATION

 

4.900%
Note due 2052

 

CUSIP
459200 KV2

ISIN
US459200KV23

 

No.: R-

 

INTERNATIONAL
BUSINESS MACHINES CORPORATION, a corporation duly organized and existing under the laws of the State of New York (herein called the “Company”,
which term includes any successor corporation under the Indenture referred to on the reverse hereof), for value received, hereby promises
to pay to Cede & Co. or registered assigns, the principal sum of $          (         ), at the office or agency of the Company in the Borough
of Manhattan, The City and State of New York, or any other office or agency designated by the Company for that purpose, on July 27,
2052, in such coin or currency of the United States as at the time of payment shall be legal tender for the payment of public and
private debts, and to pay interest, semi-annually on January 27 and July 27 of each year, commencing January 27, 2023,
on said principal sum at said office or agency, in like coin or currency, at the rate of 4.900% per annum, from the January 27 or
July 27 next preceding the date of this Note to which interest has been paid, unless the date hereof is a date to which interest
has been paid, in which case from the date of this Note, or unless no interest has been paid on the Notes (as defined on the reverse hereof),
in which case from July 27, 2022, until payment of said principal sum has been made or duly provided for. Notwithstanding the foregoing,
if the date hereof is after the fifteenth calendar day preceding a January 27 or July 27, as the case may be, and before such
January 27 or July 27, this Note shall bear interest from such January 27 or July 27; provided however, that if the
Company shall default in the payment of interest due on such January 27 or July 27, then this Note shall bear interest from
the next preceding January 27 or July 27 to which interest has been paid, or, if no interest has been paid on the Notes, from
July 27, 2022. The interest so payable on January 27 or July 27 will, subject to certain exceptions provided in the Indenture
referred to on the reverse hereof, be paid to the person in whose name this Note is registered at the close of business on the fifteenth
calendar day preceding such January 27 or July 27, unless the Company shall default in the payment of interest due on such interest
payment date, in which case such defaulted interest, at the option of the Company, may be paid to the person in whose name this Note is
registered at the close of business on a special record date for the payment of such defaulted interest established by notice to the registered
holders of Notes not less than ten days preceding such special record date or may be paid in any other lawful manner not inconsistent
with the requirements of any securities exchange on which the Notes may be listed. Payment of interest may, at the option of the Company,
be made by check mailed to the registered address of the person entitled thereto. Interest on this Note will be calculated on the basis
of a 360-day year consisting of twelve 30-day months.

 

Reference is made to the further
provisions of this Note set forth on the reverse hereof. Such further provisions shall for all purposes have the same effect as though
fully set forth at this place.

 

[signatures follow]

 

     

     

    

 

This Note shall not be valid
or become obligatory for any purpose until the certificate of authentication hereon shall have been signed by the Trustee under the Indenture
referred to on the reverse hereof.

 

IN WITNESS WHEREOF, the Company
has caused this instrument to be duly executed under its corporate seal.

 

	Dated:	INTERNATIONAL BUSINESS MACHINES CORPORATION
	 
	 	[SEAL]
	 
	 	by	               
	 
	 	by	 

 

     

     

    

 

TRUSTEE’S CERTIFICATE

OF AUTHENTICATION

 

This is one of the

Securities of the Series

designated herein issued

under the within-

mentioned Indenture.

 

	THE BANK OF NEW YORK MELLON, as Trustee	 
	 
	by	 	 
	 	Authorized Signatory	 

 

     

     

    

 

This
security is one of a duly authorized issue of unsecured debentures, notes or other evidences of indebtedness of the Company (hereinafter
called the “Securities”), of the series hereinafter specified, all issued or to be issued under an indenture dated as of October 1,
1993, duly executed and delivered by the Company to The Bank of New York Mellon, a New York banking corporation, as trustee (hereinafter
called the “Trustee”), as supplemented by the First Supplemental Indenture dated as of December 15, 1995, between the
Company and the Trustee, as trustee (hereinafter called the “Indenture”), to which Indenture and all indentures supplemental
thereto reference is hereby made for a description of the respective rights and duties thereunder of the Trustee, the Company and the
holders of the Securities. The Securities may be issued in one or more series, which different series may be issued in various aggregate
principal amounts, may mature at different times, may bear interest at different rates, may have different conversion prices (if any),
may be subject to different redemption provisions, may be subject to different sinking, purchase or analogous funds, may be subject to
different covenants and Events of Default and may otherwise vary as in the Indenture provided. This Security is one of a series designated
as the 4.900% Notes due 2052 of the Company (hereinafter called the “Notes”) issued under the Indenture.

 

The Notes may be redeemed,
as a whole or in part, at the Company’s option, at any time or from time to time, upon notice (by mail, electronic delivery or otherwise
in accordance with the depositary’s procedures) not less than 10 days nor more than 60 days prior to the date fixed for redemption
to holders of the Notes. Prior to the Par Call Date, the redemption price (expressed as a percentage of principal amount and rounded to
three decimal places) for the Notes will be equal to the greater of:

 

		·	(a) the sum of the present values of the remaining scheduled payments of principal and interest thereon
discounted to the redemption date (assuming the Notes matured on the Par Call Date) on a semi-annual basis, assuming a 360-day year consisting
of twelve 30-day months, at the Treasury Rate, as defined below, plus 30 basis points less (b) interest accrued to the date of redemption,
and

 

		·	100% of the principal amount of the Notes to be redeemed, 

 

plus, in either
case, accrued interest, if any, to the redemption date.

 

On and after the Par Call
Date, the redemption price for the Notes will be equal to 100% of the principal amount of the Notes to be redeemed, plus accrued interest,
if any, to the redemption date.

 

“Par
Call Date” means January 27, 2052 (six months prior to the maturity date of the Notes).

 

“Treasury Rate”
means, with respect to any redemption date, the yield determined by the Company in accordance with the following two paragraphs.

 

     

     

    

 

The Treasury Rate shall
be determined by the Company after 4:15 p.m., New York City time (or after such time as yields on U.S. government securities are
posted daily by the Board of Governors of the Federal Reserve System), on the third Business Day preceding the redemption date based
upon the yield or yields for the most recent day that appear after such time on such day in the most recent statistical release
published by the Board of Governors of the Federal Reserve System designated as “Selected Interest Rates (Daily) - H.15”
(or any successor designation or publication) (“H.15”) under the caption “U.S. government
securities–Treasury constant maturities–Nominal” (or any successor caption or heading) (“H.15 TCM”).
In determining the Treasury Rate, the Company shall select, as applicable: (1) the yield for the Treasury constant maturity on
H.15 exactly equal to the period from the redemption date to the Par Call Date (the “Remaining Life”); or (2) if
there is no such Treasury constant maturity on H.15 exactly equal to the Remaining Life, the two yields – one yield
corresponding to the Treasury constant maturity on H.15 immediately shorter than and one yield corresponding to the Treasury
constant maturity on H.15 immediately longer than the Remaining Life – and shall interpolate to the Par Call Date on a
straight-line basis (using the actual number of days) using such yields and rounding the result to three decimal places; or
(3) if there is no such Treasury constant maturity on H.15 shorter than or longer than the Remaining Life, the yield for the
single Treasury constant maturity on H.15 closest to the Remaining Life. For purposes of this paragraph, the applicable Treasury
constant maturity or maturities on H.15 shall be deemed to have a maturity date equal to the relevant number of months or years, as
applicable, of such Treasury constant maturity from the redemption date.

 

If on the third Business Day
preceding the redemption date H.15 TCM is no longer published, the Company shall calculate the Treasury Rate based on the rate per annum
equal to the semi-annual equivalent yield to maturity at 11:00 a.m., New York City time, on the second Business Day preceding such redemption
date of the United States Treasury security maturing on, or with a maturity that is closest to, the Par Call Date, as applicable. If there
is no United States Treasury security maturing on the Par Call Date but there are two or more United States Treasury securities with a
maturity date equally distant from the Par Call Date, one with a maturity date preceding the Par Call Date and one with a maturity date
following the Par Call Date, the Company shall select the United States Treasury security with a maturity date preceding the Par Call
Date. If there are two or more United States Treasury securities maturing on the Par Call Date or two or more United States Treasury securities
meeting the criteria of the preceding sentence, the company shall select from among these two or more United States Treasury securities
the United States Treasury security that is trading closest to par based upon the average of the bid and asked prices for such United
States Treasury securities at 11:00 a.m., New York City time. In determining the Treasury Rate in accordance with the terms of this paragraph,
the semi-annual yield to maturity of the applicable United States Treasury security shall be based upon the average of the bid and asked
prices, expressed as a percentage of principal amount, at 11:00 a.m., New York City time, of such United States Treasury security, and
rounded to three decimal places.

 

The Company’s actions
and determinations in determining the redemption price shall be conclusive and binding for all purposes, absent manifest error. The Company
will notify the Trustee of the redemption price promptly after the calculation thereof and the Trustee shall not be responsible or liable
for any calculation of the redemption price or of any component thereof, or for determining whether manifest error has occurred.

 

     

     

    

 

On and after the redemption
date, interest will cease to accrue on the Notes or any portion thereof called for redemption, unless the Company defaults in the payment
of the redemption price and accrued interest. On or before the redemption date, the Company will deposit with a Paying Agent, or the Trustee,
money sufficient to pay the redemption price of and accrued interest on the Notes to be redeemed on such date. In the case of a partial
redemption, selection of the Notes for redemption will be made pro rata, by lot or by such other method as the Trustee in its sole discretion
deems appropriate and fair. No Notes of a principal amount of $100,000 or less will be redeemed in part. If any Note is to be redeemed
in part only, the notice of redemption that relates to the Note will state the portion of the principal amount of the Note to be redeemed.
A new Note in a principal amount equal to the unredeemed portion of the Note will be issued in the name of the holder of the Note upon
surrender for cancellation of the original Note. For so long as the Notes are held by DTC (or another depositary), the redemption of the
Notes shall be done in accordance with the policies and procedures of the depositary.

 

In case an Event of Default
with respect to the Notes, as defined in the Indenture, shall have occurred and be continuing, the principal hereof together with interest
accrued thereon, if any, may be declared, and upon such declaration shall become, due and payable, in the manner, with the effect and
subject to the conditions provided in the Indenture.

 

The Indenture contains
provisions permitting the Company and the Trustee, with the consent of the holders of not less than a majority in aggregate
principal amount of the Securities at the time outstanding of all series to be affected (acting as one class), to execute
supplemental indentures adding any provisions to or changing in any manner or eliminating any of the provisions of the Indenture or
of any supplemental indenture or modifying in any manner the rights of the holders of the Securities of such series to be affected;
provided however, that no such supplemental indenture shall, among other things, (i) change the fixed maturity of the principal
of, or any installment of principal of or interest on, or the currency of payment of, any Security; (ii) reduce the principal
amount thereof or the rate of interest thereon or any premium payable upon the redemption thereof; (iii) impair the right to
institute suit for the enforcement of any such payment on or after the fixed maturity thereof (or, in the case of redemption, on or
after the redemption date); (iv) reduce the percentage in principal amount of the outstanding Securities of any series, the
consent of whose holders is required for any such supplemental indenture, or the consent of whose holders is required for any waiver
(of compliance with certain provisions of the Indenture or certain defaults thereunder and their consequences) provided for in the
Indenture; (v) change any obligation of the Company, with respect to outstanding Securities of a series, to maintain an office
or agency in the places and for the purposes specified in the Indenture for such series; or (vi) modify any of the foregoing
provisions or the provisions for the waiver of certain covenants and defaults, except to increase any applicable percentage of the
aggregate principal amount of outstanding Securities the consent of the holders of which is required or to provide with respect to
any particular series the right to condition the effectiveness of any supplemental indenture as to that series on the consent of the
holders of a specified percentage of the aggregate principal amount of outstanding Securities of such series or to provide that
certain other provisions of the Indenture cannot be modified or waived without the consent of the holder of each outstanding
Security affected thereby. It is also provided in the Indenture that the holders of a majority in aggregate principal amount of the
Securities of a series at the time outstanding may on behalf of the holders of all the Securities of such series waive any past
default under the Indenture with respect to such series and its consequences, except a default in the payment of the principal of,
premium, if any, or interest, if any, on any Security of such series or in respect of a covenant or provision which cannot be
modified without the consent of the Holder of each outstanding Security of the series affected. Any such consent or waiver by the
holder of this Note shall be conclusive and binding upon such holder and upon all future holders and owners of this Note and any
Notes which may be issued in exchange or substitution herefor, irrespective of whether or not any notation thereof is made upon this
Note or such other Notes.

 

     

     

    

 

No reference herein to the
Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Company, which is absolute and
unconditional, to pay the principal of, premium, if any, and interest on this Note at the place, at the respective times, at the rate
and in the coin or currency herein prescribed.

 

The Indenture permits the
Company to Discharge its obligations with respect to the Notes on the 91st day following the satisfaction of the conditions set forth
in the Indenture, which include the deposit with the Trustee of money or U.S. Government Obligations or a combination thereof sufficient
to pay and discharge each installment of principal of (including premium, if any, on) and interest, if any, on the outstanding Notes.

 

If the Company shall, in accordance
with Section 901 of the Indenture, consolidate with or merge into any other corporation or convey or transfer its properties and
assets substantially as an entirety to any Person, the successor shall succeed to, and be substituted for, the Person named as the “Company”
on the face of this Note, all on the terms set forth in the Indenture.

 

The Notes are issuable in
registered form without coupons in denominations of $100,000 and any integral multiple of $1,000 in excess thereof. In the manner and
subject to the limitations provided in the Indenture, but without the payment of any service charge, Notes may be exchanged for an equal
aggregate principal amount of Notes of other authorized denominations at the office or agency of the Company maintained for such purpose
in the Borough of Manhattan, The City and State of New York.

 

Upon due presentation for
registration of transfer of this Note at the office or agency of the Company for such registration in the Borough of Manhattan, The City
and State of New York, or any other office or agency designated by the Company for such purpose, a new Note or Notes of authorized denominations
for an equal aggregate principal amount will be issued to the transferee in exchange herefor, subject to the limitations provided in the
Indenture, without charge except for any tax or other governmental charge imposed in connection therewith.

 

     

     

    

 

Prior to due presentment for
registration of transfer of this Note, the Company, the Trustee and any agent of the Company or the Trustee may deem and treat the registered
holder hereof as the absolute owner of this Note (whether or not this Note shall be overdue) for the purpose of receiving payment of the
principal of, premium, if any, and interest on this Note, as herein provided, and for all other purposes, and neither the Company nor
the Trustee nor any agent of the Company or the Trustee shall be affected by any notice of the contrary. All payments made to or upon
the order of such registered holder shall, to the extent of the sum or sums paid, effectually satisfy and discharge liability for moneys
payable on this Note.

 

No recourse for the payment
of the principal of, premium, if any, or interest on this Note, or for any claim based hereon or otherwise in respect hereof, and no recourse
under or upon any obligation, covenant or agreement of the Company in the Indenture or any indenture supplemental thereto or in any Note,
or because of the creation of any indebtedness represented thereby, shall be had against any incorporator, stockholder, officer or director,
as such, past, present or future, of the Company or of any successor corporation, either directly or through the Company or any successor
corporation, whether by virtue of any constitution, statute or rule of law or by the enforcement of any assessment or penalty or
otherwise, all such liability being, by the acceptance hereof and as part of the consideration for the issue hereof, expressly waived
and released.

 

Unless otherwise defined in
this Note, all terms used in this Note which are defined in the Indenture shall have the meanings assigned to them in the Indenture.

 

THIS NOTE SHALL BE GOVERNED
BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.Exhibit 10.1

 

SECURITIES PURCHASE AGREEMENT

 

THIS SECURITIES PURCHASE AGREEMENT (this
“Agreement”) is dated as of July 26, 2022 the (“Effective Date”), by and between TDH Holdings, Inc.,
a British Virgin Islands corporation (the “Company”), and each of the purchasers identified on the Schedule of Purchasers
attached hereto (individually, a “Purchaser” and collectively, the “Purchasers”).

 

RECITALS

 

A. The
Company and each Purchaser desire to enter into this transaction to purchase (i) the Purchased Shares (as defined below), and (ii) Warrants
(as defined below). The Company and the Purchaser are executing and delivering this Agreement in reliance upon the exemption from securities
registration afforded by Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), and Rule
506 of Regulation D (“Regulation D”) as promulgated by the United States Securities and Exchange Commission (the “SEC”)
under the Securities Act.

 

B. Each
Purchaser wishes to purchase, and the Company wishes to sell, upon the terms and conditions stated in this Agreement, (i) such aggregate
number of Common Shares (as defined below) as set forth opposite such Purchaser’s name in column (3) on the Schedule of Purchasers
(which aggregate amount for all Purchasers shall be 4,000,000 shares of Common Shares and shall collectively be referred to herein as
the “Purchased Shares”), and (ii) a Warrant to initially acquire up to such aggregate number of Common Shares set forth
opposite such Purchaser’s name in column (4) on the Schedule of Purchasers (which aggregate amount for all Purchasers shall be 4,000,000
Warrants), as evidenced by a warrant in the form attached hereto as Exhibit A (the “Warrants”) (as exercised,
collectively, the “Warrant Shares”).

 

C.  The
Purchased Shares, the Warrants and the Warrant Shares are collectively referred to herein as the “Securities”.

 

NOW, THEREFORE, IN CONSIDERATION of the
mutual covenants contained in this Agreement, and for other good and valuable consideration, the receipt and adequacy of which are hereby
acknowledged, the Company and the Purchaser hereby agree as follows:

 

ARTICLE I.

DEFINITIONS

 

1. Definitions. In addition to the terms
defined elsewhere in this Agreement, for all purposes of this Agreement, the following terms shall have the respective meanings indicated
in this Article I:

 

“Action” means any action, suit,
inquiry, notice of violation, proceeding (including any partial proceeding such as a deposition) or investigation against the Company,
any Subsidiary or any of their respective properties or any officer, director or employee of the Company or any Subsidiary acting in his
or her capacity as an officer, director or employee before or by any Governmental Entity.

 

     

     

    

 

“Affiliate” means, with respect
to any Person, any other Person that, directly or indirectly through one or more intermediaries, Controls, is Controlled by or is under
Common Control with such Person. For purposes of this Agreement only, with respect to the Purchaser, any investment fund or managed account
that is managed or advised on a discretionary basis by the same investment manager or investment adviser as the Purchaser will be deemed
to be an Affiliate of the Purchaser. For purposes of this Agreement, the Company and the Purchaser shall not be deemed Affiliates of one
another.

 

“Agreement” has the meaning
ascribed to such term in the Preamble.

 

“Articles” Memorandum and Articles
of Association of the Company, as amended.

 

“Business Day” means a day,
other than a Saturday or Sunday, on which banks in New York City are open for the general transaction of business.

 

“Closing” means the closing
of the Securities pursuant to this Agreement.

 

“Closing Date” means July 26,
2022, the date and time on which the Closing Deliveries and the conditions to the Closing set forth in Section 2.2 and Article
III, respectively, are satisfied or waived (or such other date as is mutually agreed to by the Company and the Purchaser).

 

“Code” means the Internal Revenue
Code of 1986, as amended, and the Treasury Regulations.

 

“Common Shares” means shares
of the Company’s common shares, $0.02 par value.

 

“Company Deliverables” has the
meaning set forth in Section 2.2(a).

 

“Control” (including the terms
“Controlling”, “Controlled by” or “under Common Control with”) means the possession, direct or indirect,
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, as such concepts are used and construed under Rule 405 under the Securities Act.

 

    2

     

    

 

“Effective Date” has the meaning
set forth in the Preamble.

 

“Exchange Act” means the Securities
Exchange Act of 1934, as amended, or any successor statute, and the rules and regulations promulgated thereunder.

 

“GAAP” means U.S. generally
accepted accounting principles, as applied by the Company.

 

“Governmental Entity” means
any court, arbitrator, governmental or administrative agency or commission, regulatory authority or other governmental authority or instrumentality,
whether federal, state, local or foreign, and any applicable industry self-regulatory organization or securities exchange (including the
Principal Trading Market).

 

“Lien” means any lien, charge,
claim, encumbrance, security interest, and right of first refusal, preemptive right or other restrictions of any kind.

 

“Material Adverse Effect” means
any event, circumstance, occurrence, fact, condition, change or effect, individually or in the aggregate, that is materially adverse to
(A) the financial condition, business affairs, properties, results of operations or business prospects of the Company and its subsidiaries
considered as one enterprise, or (B) the ability of the Company to perform its obligations under the Transaction Documents or the validity
or enforceability of this Agreement or the Securities. As used in this Agreement, “business prospects” excludes any development
resulting from any event, circumstance, development, change or effect (1) in general economic or business conditions, (2) in financial
or securities markets generally, or (3) generally affecting the business or industry in which the Company operates.

 

“New York Courts” means the
state and federal courts sitting in the State of New York.

 

“Organizational Documents” means
the charter, articles of incorporation, articles of association, operating agreement, partnership agreement, trust agreement, and bylaws,
or other similar organizational or operating documents, as applicable, pursuant to which a non-natural Person was formed or by which it
is governed.

 

“Person” means a natural individual
or a corporation, partnership, limited liability company, trust, business trust, association, joint stock company, joint venture, sole
proprietorship, unincorporated organization, governmental authority or any other form of entity not specifically listed herein.

 

    3

     

    

 

“Principal Trading Market” means
the Trading Market on which the Common Stock is primarily listed on and quoted for trading, which, as of the date of this Agreement and
the Closing Date, shall be the Nasdaq Capital Market.

 

“Purchase Price” means the aggregate
purchase price for the Securities to be purchased by each Purchase as set forth opposite such Purchaser’s name in column (5) on
the Schedule of Purchasers.

 

“Purchaser Deliverables” has
the meaning set forth in Section 2.2(b).

 

“Regulation D” has the meaning
set forth in the Recitals.

 

“Rule 144” means Rule 144 promulgated
by the SEC pursuant to the Securities Act, as such Rule may be amended from time to time, or any similar rule or regulation hereafter
adopted by the SEC having substantially the same effect as such Rule.

 

“SEC” has the meaning set forth
in the Recitals.

 

“SEC Documents” has the meaning
set forth in Section 3.1(d).

 

“Securities Act” has the meaning
set forth in the Recitals.

 

“Stock Certificates” has the
meaning set forth in Section 2.2(a)(ii).

 

“Subsidiary” means any non-natural
Person in which the Company, directly or indirectly, owns sufficient capital stock or holds a sufficient equity or similar interest such
that it is consolidated with the Company in the consolidated financial statements of the Company.

 

“Trading Market” means whichever
of the New York Stock Exchange, the NYSE MKT, the NASDAQ Global Select Market, the NASDAQ Global Market, the NASDAQ Capital Market or
the OTC Bulletin Board on which the Common Shares are listed or quoted for trading on the date in question.

 

“Transaction Documents” means
this Agreement, the schedules and exhibits attached hereto, the Warrant, and any other documents or agreements executed in connection
with the transactions contemplated hereunder.

 

“Transfer Agent” means VStock
Transfer, LLC or any successor transfer agent for the Company.

 

“Treasury” means the United
States Department of the Treasury.

 

“Treasury Regulations” means
the regulations promulgated by the Treasury under the Code.

 

“Warrant” means the Common Shares
Purchase Warrant in the form attached as Exhibit A.

 

    4

     

    

 

ARTICLE II.

 

PURCHASE AND SALE

 

2.1 Closing.

 

(a) Purchase
of Securities. Subject to the satisfaction (or waiver) of the conditions set forth in Sections 2.2 (as applicable), 3.1
and 3.2 below, the Company shall issue and sell to each Purchaser, and each Purchaser severally, but not jointly, agrees to purchase
from the Company on the Closing Date (A) such aggregate number of Purchased Shares as is set forth opposite such Purchaser’s name
in column (3) on the Schedule of Purchasers, and (B) Warrants to initially acquire up to that aggregate number of Warrant Shares as is
set forth opposite such Purchaser’s name in column (4) on the Schedule of Purchasers. Common Shares are being sold at a price of
$1.50 per share. Warrants to purchase one (1) share of the Company’s Common Shares at an exercise price of $2.44 per whole Common
Share are being sold at a price of $0.01.

 

(b) Closing. The Closing shall take
place on the Closing Date at the Company’s offices, or at such other locations or remotely by facsimile transmission or other electronic
means as the parties may mutually agree.

 

(c) Delivery and Payment. At the Closing,
(i) the Purchaser will be credited with the number of shares of Common Shares and Warrants set forth opposite the Purchaser’s name
in columns (3) and (4), respectively, in the Schedule of Purchasers.

 

2.2 Closing Deliveries.

 

(a) The
Company shall issue, deliver or cause to be delivered to the Purchaser the following on the dates referenced below (the “Company
Deliverables”):

 

(i) on
the Closing Date, this Agreement, duly executed by the Company;

 

(ii) within
seven (7) Business Days of the Closing Date, the Warrants and one or more stock certificates (if physical certificates are required by
the Purchaser) representing shares of Common Shares purchased by the Purchaser, registered in the name of the Purchaser (the “Stock
Certificates”) (or, if the Company and the Purchaser agree, the Company shall cause to be made a book-entry record through the
Transfer Agent); and

 

(b) The
Purchaser shall deliver or cause to be delivered to the Company the following on the dates referenced below (the “Purchaser Deliverables”):

 

(i) on
the Closing Date, this Agreement, duly executed by the Purchaser.

 

(ii) each
Purchaser shall pay its respective Purchase Price to the Company for the Securities to be issued and sold to such Purchaser at the Closing,
by wire transfer of immediately available funds in accordance with Company’s instructions.

 

    5

     

    

 

ARTICLE III.

REPRESENTATIONS AND WARRANTIES

 

3.1 Representations and Warranties of the
Company. The Company hereby represents and warrants as of the date hereof (except for the representations and warranties that speak
as of a specific date, which shall be made as of such date) to the Purchaser that:

 

(a) Organization;
Execution, Delivery and Performance.

 

(i) The
Company is an entity duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization, with
full corporate power and authority to own, lease, use and operate its properties and to carry on its business as and where now owned,
leased, used, operated and conducted. The Company is duly qualified as a foreign corporation to do business and is in good standing in
every jurisdiction in which its ownership or use of property or the nature of the business conducted by it makes such qualification necessary
except where the failure to be so qualified or in good standing would not have a Material Adverse Effect.

 

(ii) The
Company has all requisite corporate power and authority to enter into and perform the Transaction Documents and to consummate the transactions
contemplated hereby and thereby and to issue the Securities in accordance with the terms hereof and thereof.

(iii) Each
of the Transaction Documents has been, or will be, duly executed and delivered by the Company by its authorized representative, and such
authorized representative is a true and official representative with authority to sign each such document and the other documents or certificates
executed in connection herewith and bind the Company accordingly.

 

(iv) Each
of the Transaction Documents constitutes, and upon execution and delivery thereof by the Company will constitute, a legal, valid and binding
obligation of the Company enforceable against the Company in accordance with its terms, except (i) as such enforceability may be limited
by applicable bankruptcy, insolvency, reorganization, moratorium, liquidation or similar laws relating to, or affecting generally the
enforcement of, creditors’ rights and remedies or by other equitable principles of general application, (ii) as limited by laws
regarding the availability of specific performance, injunctive relief or other equitable remedies, and (iii) insofar as indemnification
and contribution provisions may be limited by applicable law.

 

(b) Shares Duly Authorized. The shares
of Common Shares will be duly authorized in accordance with their terms, will be duly and validly issued, fully paid and non-assessable,
and free from all taxes or Liens with respect to the issue thereof (other than taxes or Liens created by, under or through the Purchaser),
and shall not be subject to preemptive rights, rights of first refusal and/or other similar rights of stockholders of the Company and/or
any other individual or entity.

 

    6

     

    

 

(c) Conflicts.

 

(i) The
execution, delivery and performance of the Transaction Documents by the Company and the consummation by the Company of the transactions
contemplated hereby and thereby (including, without limitation, the issuance of the shares of Common Shares) will not:

 

(1) conflict
with or result in a violation of any provision of the Articles;

 

(2) violate
or conflict with, or result in a breach of any provision of, or constitute a default and/or an event of default (or an event which with
notice or lapse of time or both could become a default and/or an event of default) under, or give to others any rights of termination,
amendment, acceleration or cancellation of, any agreement, indenture, patent, patent license or instrument to which the Company is a party,
except for possible violations, conflicts or defaults as would not, individually or in the aggregate, have a Material Adverse Effect on
the Company; or

 

(3) result
in a violation of any law, rule, regulation, order, judgment or decree (including federal and state securities laws and regulations and
regulations of any self-regulatory organizations to which the Company or its securities are subject) applicable to the Company or by which
any property or asset of the Company is bound or affected, except for possible violation as would not, individually or in the aggregate,
have a Material Adverse Effect on the Company or interfere with or encumber Purchaser’s ownership of the Securities.

 

(d) SEC Information. Except as set forth
in the SEC Documents, the Company has timely filed (subject to 12b-25 filings with respect to certain periodic filings) all reports, schedules,
forms, statements and other documents required to be filed by it with the SEC pursuant to the reporting requirements of the Exchange Act
(the foregoing materials, including the exhibits thereto and documents incorporated by reference therein, being collectively referred
to herein as the “SEC Documents”). The SEC Documents are available to the Purchaser via the SEC’s EDGAR system.

 

(e) No Material Changes. Except as set
forth in the SEC Documents, there has not been (i) any material adverse change in the financial condition, operations or business of the
Company from that shown on the Company’s financial statements, or any material transaction or commitment effected or entered into
by the Company outside of the ordinary course of business; (ii) to the Company’s knowledge, any effect, change or circumstance which
has had, or could reasonably be expected to have, a Material Adverse Effect; or (iii) any incurrence of any material liability outside
of the ordinary course of business.

 

3.2 Representations and Warranties of the
Purchaser. The Purchaser represents and warrants as of the date hereof to the Company as follows:

 

(a) Organization; Authority. The Purchaser,
as applicable, is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization with the
requisite corporate, limited liability company, or partnership power and authority to enter into and to consummate the transactions contemplated
by the applicable Transaction Documents and otherwise to carry out its obligations hereunder and thereunder. The execution, delivery and
performance by the Purchaser of the transactions contemplated by this Agreement have been duly authorized by all necessary corporate,
limited liability company, partnership or similar action. This Agreement has been duly executed by the Purchaser. When delivered by the
Purchaser in accordance with the terms hereof, this Agreement will constitute the valid and legally binding obligation of the Purchaser,
enforceable against it in accordance with its terms, except (i) as such enforceability may be limited by applicable bankruptcy, insolvency,
reorganization, moratorium, liquidation or similar laws relating to, or affecting generally the enforcement of, creditors’ rights
and remedies or by other equitable principles of general application, (ii) as limited by laws regarding the availability of specific performance,
injunctive relief or other equitable remedies, and (iii) insofar as indemnification and contribution provisions may be limited by applicable
law.

 

    7

     

    

 

(b) No Conflicts. The execution, delivery
and performance by the Purchaser of this Agreement and the consummation by the Purchaser of the transactions contemplated hereby will
not (i) result in a violation of the Organizational Documents of the Purchaser, (ii) conflict with, or constitute a default (or an event
which with notice or lapse of time or both would become a default) under, or give to others any rights of termination, amendment, acceleration
or cancellation of, any agreement, indenture or instrument to which the Purchaser is a party, or (iii) result in a violation of any law,
rule, regulation, order, judgment or decree (including federal and state securities laws) applicable to the Purchaser, except in the case
of clauses (ii) and (iii) above, for such conflicts, defaults, rights or violations which would not, individually or in the aggregate,
reasonably be expected to have a material adverse effect on the ability of the Purchaser to perform its obligations hereunder.

 

(c) Consents and Approvals. Assuming
the accuracy of the representations and warranties of the Company and the other parties to the Transaction Documents, no consents of any
Governmental Entity are necessary to be obtained by the Purchaser for the consummation of the transactions contemplated by the Transaction
Documents to which the Purchaser is a party.

 

(d) Investment Intent. The Purchaser
understands that the shares of Common Shares and Warrant Shares are “restricted securities” and have not been registered under
the Securities Act or any applicable state securities law. The Purchaser is acquiring the shares of Common Shares and Warrant Shares as
principal for its own account and not with a view to, or for distributing or reselling such Common Shares or any part thereof in violation
of the Securities Act or any applicable state securities laws; provided, however, that by making the representations herein,
the Purchaser does not agree to hold any of the shares of Common Shares and Warrant Shares for any minimum period of time and reserves
the right at all times to sell or otherwise dispose of all or any part of such Common Shares and Warrant Shares pursuant to an effective
registration statement under the Securities Act or under an exemption from such registration and in compliance with applicable federal
and state securities laws. The Purchaser is acquiring the Securities being acquired pursuant to this Agreement in the ordinary course
of its business. The Purchaser does not presently have any agreement, plan or understanding, directly or indirectly, with any Person to
distribute or effect any distribution of any of the shares of Securities so acquired (or any securities which are derivatives thereof)
to or through any Person.

 

(e) Purchaser Status. At
the time the Purchaser was offered the shares of Common Stock being acquired pursuant to this Agreement, it was, and at the date hereof
it is, and on the Closing Date it will be, an “accredited investor” as defined in Rule 501 of Regulation D.

 

(f) No General Solicitation or General Advertising. The
Purchaser is not purchasing the Securities being acquired pursuant to this Agreement as a result of any form of general solicitation or
general advertising (within the meaning of Regulation D under the Securities Act).

 

(g) Experience of the Purchaser. The
Purchaser 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 shares of Securities being acquired pursuant to this Agreement, and has so evaluated the
merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the shares of Securities being
acquired pursuant to this Agreement and, at the present time, is able to afford a complete loss of such investment.

 

 (h) Access to Information. The
Purchaser acknowledges that it has been afforded (i) the opportunity to ask such questions as it has deemed necessary of, and to receive
answers from, representatives of the Company concerning the terms and conditions of the offering of the shares of Securities being acquired
pursuant to this Agreement and the merits and risks of investing in the Securities being acquired pursuant to this Agreement; (ii) access
to information about the Company 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 Company possesses or
can acquire without unreasonable effort or expense that is necessary to make an informed investment decision with respect to the investment.
Neither such inquiries nor any other investigation conducted by or on behalf of the Purchaser or its representatives or counsel shall
modify, amend or affect the Purchaser’s right to rely on the truth, accuracy and completeness of the Company’s representations
and warranties contained in the Transaction Documents.

 

    8

     

    

 

(i) Independent Investment Decision. The
Purchaser has independently evaluated the merits of its decision to purchase the Securities being acquired pursuant to this Agreement.
The Purchaser understands that nothing in this Agreement or any other materials presented by or on behalf of the Company to the Purchaser
in connection with the purchase of the Securities being acquired pursuant to this Agreement constitutes legal, tax or investment advice.

 

(j) Reliance on Exemptions. The Purchaser
understands that the Securities are being offered and sold to it in reliance on specific exemptions from the registration requirements
of U.S. federal and state securities laws and that the Company is relying in part upon the truth and accuracy of the representations,
warranties, agreements, acknowledgements and understandings of the Purchaser set forth herein in order to determine the availability of
such exemptions and the eligibility of the Purchaser to acquire the Securities being acquired pursuant to this Agreement.

 

(k) No Governmental Review. The Purchaser
understands that no Governmental Entity has passed on or made any recommendation or endorsement of the shares of Securities or the fairness
or suitability of an investment in the Securities nor has any such Governmental Entity passed upon or endorsed the merits of the offering
of the Securities.

 

(l) Residency. The Purchaser’s
office in which its investment decision with respect to the Securities was made is located at the address immediately below the Purchaser’s
name on its signature page hereto.

 

(m) Financial Capability. The Purchaser
has available funds necessary to consummate the Closing on the terms and conditions contemplated by this Agreement.

 

(n) Brokers and Finders.  No Person
will have, as a result of the transactions contemplated by this Agreement, any valid right, interest or claim against or upon the Company
or the Purchaser for any commission, fee or other compensation pursuant to any agreement, arrangement or understanding entered into by
or on behalf of the Purchaser.

 

ARTICLE IV.

OTHER AGREEMENTS OF THE PARTIES

 

4.1 Transfer
Restrictions.

 

(a) Compliance with Laws. Notwithstanding
any other provision of this Article IV, the Purchaser covenants that the shares of Securities acquired by it pursuant to this Agreement
and the Transaction Documents may be disposed of only pursuant to an effective registration statement under, and in compliance with the
requirements of, 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 compliance with any applicable state, federal or foreign securities laws. In connection with
any transfer of the Securities other than (i) pursuant to an effective registration statement, (ii) to the Company, or (iii) pursuant
to Rule 144 (provided that the transferor provides the Company with reasonable assurances (in the form of a seller representation letter
and, if applicable, a broker representation letter) that such Securities may be sold pursuant to such rule), the Company may require the
transferor thereof to provide to the Company and the Transfer Agent, at the transferor’s expense, an opinion of counsel selected
by the transferor and reasonably acceptable to the Company and the Transfer Agent, the form and substance of which opinion shall be reasonably
satisfactory to the Company and the Transfer Agent, to the effect that such transfer does not require registration of such transferred
Securities under the Securities Act. As a condition of transfer (other than pursuant to clauses (i), (ii) or (iii) of the preceding sentence),
any such transferee shall agree in writing to be bound by the terms of this Agreement and shall have the rights of a Purchaser under this
Agreement with respect to such transferred Securities, provided such transferee is an accredited investor.

 

    9

     

    

 

(b) Legends. Certificates representing
the shares of Common Shares and Warrant Shares shall bear any legend as required by the “blue sky” laws of any state and a
restrictive legend in substantially the following form (and, with respect to Securities held in book-entry form, the Transfer Agent will
record such a legend or other notation on the share register), until such time as they are not required under applicable law:

 

THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT
OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED FOR SALE,
SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT
OR (B) 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 OR BLUE SKY LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY
AND ITS TRANSFER AGENT, OR (II) UNLESS SOLD PURSUANT TO RULE 144 UNDER SAID ACT (PROVIDED THAT THE TRANSFEROR PROVIDES THE COMPANY WITH
REASONABLE ASSURANCES (IN THE FORM OF A SELLER REPRESENTATION LETTER AND, IF APPLICABLE, A BROKER REPRESENTATION LETTER) THAT THE SECURITIES
MAY BE SOLD PURSUANT TO SUCH RULE). NO REPRESENTATION IS MADE BY THE ISSUER AS TO THE AVAILABILITY OF THE EXEMPTION PROVIDED BY RULE 144
UNDER THE SECURITIES ACT FOR RESALES OF THESE.

 

4.2 Form D and Blue Sky. The Company
agrees to timely file a Form D with respect to the Securities sold as required under Regulation D. The Company, on or before the Closing
Date, shall take such action as the Company shall reasonably determine is necessary in order to obtain an exemption for or to qualify
the Securities being acquired pursuant to this Agreement for sale to the Purchaser at the Closing pursuant to this Agreement under applicable
securities or “Blue Sky” laws of the states of the United States (or to obtain an exemption from such qualification).

 

ARTICLE V.

MISCELLANEOUS

 

5.1 Survival. The representations
and warranties of the parties hereto contained in this Agreement shall survive in full force and effect until the date that is 18 months
after the Closing Date (or until final resolution of any claim or action arising from the breach of any such representation and warranty,
if notice of such breach was provided prior to the end of such period), at which time they shall terminate. The covenants and agreements
set forth in this Agreement shall survive until the earliest of the duration of any applicable statute of limitations, until performed
or no longer operative in accordance with their respective terms.

 

5.2 Fees and Expenses. The parties
hereto shall be responsible for the payment of all expenses incurred by them in connection with the preparation and negotiation of the
Transaction Documents and the consummation of the transactions contemplated hereby. The Company shall pay all Transfer Agent fees, stamp
taxes and other taxes and duties levied in connection with the sale and issuance of the Securities to the Purchaser.

 

    10

     

    

 

5.3 Entire Agreement. The Transaction
Documents, together with the Exhibits hereto, contain the entire understanding of the parties with respect to the subject matter hereof
and supersede all prior agreements, understandings, discussions and representations, oral or written, with respect to such matters, which
the parties acknowledge have been merged into such documents, exhibits and schedules. At or after the Closing, and without further consideration,
the Company and the Purchaser will execute and deliver to the other such further documents as may be reasonably requested in order to
give practical effect to the intention of the parties under the Transaction Documents.

 

5.4 Notices. All notices, consents,
approvals, waivers or other communications (each, a “Notice”) required or permitted hereunder, except as herein otherwise
specifically provided, shall be in writing and shall be: (i) delivered personally or by commercial messenger; (ii) sent via a recognized
overnight courier service, or (iii) sent by Email, provided confirmation of receipt is received by sender and such Notice is sent or delivered
contemporaneously by an additional method provided in this Section 5.4; in each case so long as such Notice is addressed to the
intended recipient thereof as set forth below:

 

If to the Company:

 

	c/o Qingdao Tiandihui Foodstuffs Co. Ltd
	2521 Tiejueshan Road, Huangdao District
	Qingdao, Shandong Province
	People’s Republic of China
	Telephone: +86-532-8615-7918
	Attention: Feng Zhang, Chief Financial Officer
	E-Mail: tdhpets@163.com

 

With a copy to (for informational purposes only):

 

	c/o McGuireWoods LLP
	
    Gateway Plaza

    800 E. Canal St.

	Richmond, Virginia 23219
	Telephone: (804) 775-7631
	Attention: Matthew B. Chmiel, Esq.
	E-Mail: mchmiel@mcguirewoods.commailto:mbchmiel@hbhblaw.com

 

If to Purchaser:

 

At its addresses on the signature page hereto.

 

Any party may change its address specified above
by giving each party Notice of such change in accordance with this Section 5.4. Any Notice shall be deemed given upon actual receipt
(or refusal of receipt).

 

    11

     

    

 

5.5 Amendments; Waivers; No Additional Consideration. No
provision of this Agreement may be waived or amended except in a written instrument signed, in the case of an amendment, by the Company
and the Purchaser or, in the case of a waiver, by the party against whom enforcement of any such waiver is sought. No waiver of any default
with respect to any provision, condition or requirement of this Agreement shall be deemed to be a continuing waiver in the future or a
waiver of any subsequent default or a waiver of any other provision, condition or requirement hereof, nor shall any delay or omission
of either party to exercise any right hereunder in any manner impair the exercise of any such right.

 

5.6 Construction.

 

(a) The
headings herein are for convenience only, do not constitute a part of this Agreement and shall not be deemed to limit or affect any of
the provisions hereof. The language used in this Agreement will be deemed to be the language chosen by the parties to express their mutual
intent, and no rules of strict construction will be applied against any party. This Agreement shall be construed as if drafted jointly
by the parties, and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any
provisions of this Agreement or any of the Transaction Documents.

 

(b) The
words “hereof”, “herein” and “hereunder” and words of like import used in this Agreement shall refer
to this Agreement as a whole and not to any particular provision of this Agreement. References to Articles, Sections, Exhibits and Schedules
are to Articles, Sections, Exhibits and Schedules of this Agreement unless otherwise specified. All Exhibits and Schedules annexed hereto
or referred to herein are hereby incorporated in and made a part of this Agreement as if set forth in full herein. Any capitalized terms
used in any Exhibit or Schedule but not otherwise defined therein, shall have the meaning set forth in this Agreement. Any singular term
in this Agreement shall be deemed to include the plural, and any plural term the singular. Whenever the words “include”, “includes”
or “including” are used in this Agreement, they shall be deemed to be followed by the words “, but not limited to,”,
whether or not they are in fact followed by those words or words of like import. Except as the context may otherwise require, references
to any agreement or contract are to that agreement or contract as amended, modified or supplemented from time to time in accordance with
the terms hereof and thereof; provided that with respect to any agreement or contract listed on any Schedules hereto, all such amendments,
modifications or supplements must also be listed in the appropriate Schedule. References to a statute shall be to such statute, as amended
from time to time, and to the rules and regulations promulgated thereunder. References to any Person include the successors and permitted
assigns of that Person. References from or through any date mean, unless otherwise specified, from and including or through and including,
respectively.

 

5.7 Successors and Assigns. The provisions
of this Agreement shall inure to the benefit of and be binding upon the parties and their successors and permitted assigns. This Agreement,
or any rights or obligations hereunder, may not be assigned by the Company without the prior written consent of the Purchaser.

 

5.8 No Third-Party Beneficiaries. This
Agreement is intended for the benefit of the parties hereto and their respective successors and permitted assigns and is not for the benefit
of, nor may any provision hereof be enforced by, any other Person, other than indemnified Persons.

 

    12

     

    

 

5.9 Governing Law. All questions concerning
the construction, validity, enforcement and interpretation of this Agreement shall be governed by and construed and enforced in accordance
with the internal laws of the State of New York, without regard to the principles of conflicts of law thereof. Each party agrees that
all Actions concerning the interpretations, enforcement and defense of the transactions contemplated by this Agreement and any other Transaction
Documents (whether brought against a party hereto or its respective Affiliates, officers, directors, managers, members, employees or agents)
may be commenced on a non-exclusive basis in New York Courts. Each party hereto hereby irrevocably submits to the non-exclusive jurisdiction
of New York Courts for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated hereby
or discussed herein (including with respect to the enforcement of any of the Transaction Documents), and hereby irrevocably waives, and
agrees not to assert in any Action, any defense or claim that it is not personally subject to the jurisdiction of any such New York Court,
or that such Action has been commenced in an improper or inconvenient forum. Each party hereto hereby irrevocably waives personal service
of process and consents to process being served in any such Action by mailing a copy thereof via registered or certified mail or overnight
delivery (with evidence of delivery) to such party at the address in effect for notices to it under this Agreement and agrees that such
service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit
in any way any right to serve process in any manner permitted by law. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR
THE TRANSACTIONS CONTEMPLATED HEREBY.

 

5.10 Execution. This Agreement may
be executed with counterpart signature pages or in two or more counterparts, all of which when taken together shall be considered one
and the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other party, it
being understood that both 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 signature page were an original
thereof.

 

5.11 Severability. If any provision
of this Agreement is held to be invalid or unenforceable in any respect, the validity and enforceability of the remaining terms and provisions
of this Agreement shall not in any way be affected or impaired thereby and the parties will attempt to agree upon a valid and enforceable
provision that is a reasonable substitute therefor, and upon so agreeing, shall incorporate such substitute provision in this Agreement.

 

[signature pages follow]

 

    13

     

    

 

IN WITNESS WHEREOF,
each Purchaser and the Company have caused their respective signature page to this Securities Purchase Agreement to be duly executed as
of the date first written above.

 

	 	COMPANY:
	 	 
	 	TDH HOLDINGS, INC.
	 	 	 
	 	By:	                 
	 	Name: 	Dandan Liu
	 	Title:	CEO & Chair

 

IN WITNESS WHEREOF,
each Purchaser and the Company have caused their respective signature page to this Agreement to be duly executed as of the date first
written above.

 

	 	PURCHASER:
	 	 
	 	By:	                       
	 	Name: 	 
	 	Title:	 

 

    14

     

    

 

Schedule of Purchasers

 

	(1)	 	(2)	 	(3)	 	(4)	 	(5)	 	(6)
	 	 	 	 	 	 	 	 	 	 	 
	Purchaser	 	Address and Email	 	Number of 

Common Shares	 	Number

 of Warrants	 	Purchase Price	 	Legal

 Representative’s

 Address and Email
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 

 

 

15

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