Document:

Power
of Attorney

 

Loke
Che Chan Gilbert is the holder of 50% of the entire registered capital in Greenpro Synergy Network Limited
(the “Company”) (“My Shareholding”), hereby irrevocably authorize Greenpro Holding Limited (“Lender”)
to exercise the following rights relating to My shareholding during the term of this Power of Attorney:

 

Lender
is hereby authorized to act on behalf of myself as my exclusive agent and attorney with respect to all matters concerning My Shareholding,
including without limitation to:

 

1)
attend shareholders’ meetings of Company;

 

2)
exercise all the shareholder’s rights and shareholder’s voting rights I am entitled to under the laws of Hong Kong
SAR and Company’s Articles of Association, including but not limited to the sale or transfer or pledge or disposition of
My Shareholding in part or in whole; and

 

3)
designate and appoint on behalf of myself the legal representative, director, supervisor and other senior management members of
Company.

 

Without
limiting the generality of the powers granted hereunder, Lender shall have the power and authority under this Power of Attorney
to execute the Transfer Contracts stipulated in Exclusive Option Agreement, to which I am required to be a party, on behalf of
myself, and to effect the terms of the Share Pledge Agreement and Exclusive Option Agreement, both dated the date hereof, to which
I am a party.

 

    	 	 	 

     

    

 

Strictly
Confidential

 

 

 

All
the actions associated with My Shareholding conducted by Lender shall be deemed as my own actions, and all the documents related
to My Shareholding executed by Lender shall be deemed to be executed by me. We hereby acknowledge and ratify those actions and/or
documents by Lender.

 

Lender
is entitled to re-authorize or assign its rights related to the aforesaid matters to any other person or entity at its own discretion
and without giving prior notice to me or obtaining My consent.

 

This
Power of Attorney is coupled with an interest and shall be irrevocable and continuously valid from the date of execution of this
Power of Attorney, so long as I am the shareholder of Company.

 

During
the term of this Power of Attorney, We hereby waive all the rights associated with My Shareholding, which have been authorized
to Lender through this Power of Attorney, and shall not exercise such rights by myself.

  

	 	Loke
    Che Chan Gilbert
	 	 	 
	 	By:
    	/s/
    Loke Che Chan Gilbert
	 	 	 
	 	 	June
    13, 2016

 

	Witness:
    	/s/
    Lee Chong Kuang	 
	 	 	 
	Name:
    	Lee
    Chong Kuang	 
	 	 	 
	June
    13, 2016Power
of Attorney

 

Lee
Chong Kuang is the holder of 50% of the entire registered capital in Greenpro Synergy Network Limited (the
“Company”) (“My Shareholding”), hereby irrevocably authorize Greenpro Holding Limited (“Lender”)
to exercise the following rights relating to My shareholding during the term of this Power of Attorney:

 

Lender
is hereby authorized to act on behalf of myself as my exclusive agent and attorney with respect to all matters concerning My Shareholding,
including without limitation to:

 

1)
attend shareholders’ meetings of Company;

 

2)
exercise all the shareholder’s rights and shareholder’s voting rights I am entitled to under the laws of Hong Kong
SAR and Company’s Articles of Association, including but not limited to the sale or transfer or pledge or disposition of
My Shareholding in part or in whole; and

 

3)
designate and appoint on behalf of myself the legal representative, director, supervisor and other senior management members of
Company.

 

Without
limiting the generality of the powers granted hereunder, Lender shall have the power and authority under this Power of Attorney
to execute the Transfer Contracts stipulated in Exclusive Option Agreement, to which I am required to be a party, on behalf of
myself, and to effect the terms of the Share Pledge Agreement and Exclusive Option Agreement, both dated the date hereof, to which
I am a party.

 

    	 	 	 

     

    

 

Strictly
Confidential

 

 

 

All
the actions associated with My Shareholding conducted by Lender shall be deemed as my own actions, and all the documents related
to My Shareholding executed by Lender shall be deemed to be executed by me. We hereby acknowledge and ratify those actions and/or
documents by Lender.

 

Lender
is entitled to re-authorize or assign its rights related to the aforesaid matters to any other person or entity at its own discretion
and without giving prior notice to me or obtaining My consent.

 

This
Power of Attorney is coupled with an interest and shall be irrevocable and continuously valid from the date of execution of this
Power of Attorney, so long as I am the shareholder of Company.

 

During
the term of this Power of Attorney, We hereby waive all the rights associated with My Shareholding, which have been authorized
to Lender through this Power of Attorney, and shall not exercise such rights by myself.

 

	 	Lee
    Chong Kuang
	 	 	 
	 	By:	/s/
    Lee Chong Kuang
	 	 	 
	 	 	June
    13, 2016

 

	Witness:
    	/s/
    Loke Che Chan, Gilbert	 
	 	 	 
	Name:	 Loke
    Che Chan, Gilbert	 
	 	 	 
	June
    13, 2016Exclusive
Option Agreement

 

This
Exclusive Option Agreement (this “Agreement”) is executed by and among the following Parties as of June 13, 2016 in
Hong Kong (“HK”):

 

	Party
    A:	Greenpro
    Holding Limited, a limited liability company, organized and existing under the laws of the Hong Kong SAR, with its address
    at Suite 2201, 22/F, Malaysia Building, 50 Gloucester Road, Wan Chai, Hong Kong
	 	 
	Party
    B: 	Loke
    Che Chan, Gilbert and Lee Chong Kuang, the shareholders of Party C (“Representatives”), with its address at
    Suite 2201, 22/F, Malaysia Building, 50 Gloucester Road, Wan Chai, Hong Kong; and
	 	 
	Party
    C:	Greenpro
    Synergy Network Limited., a limited liability company organized and existing under the laws of the Hong Kong SAR, with
    its address at Suite 2201, 22/F, Malaysia Building, 50 Gloucester Road, Wan Chai, Hong Kong.

 

In
this Agreement, each of Party A, Party B and Party C shall be referred to as a “Party” respectively, and they shall
be collectively referred to as the “Parties”.

 

Whereas,

 

	1.
    	Representatives
    hold 100% of the equity interest in Party C.
	 	 
	2.
    	Representatives
    agree to grant Party A an exclusive equity purchase option.

 

Now
therefore, upon mutual discussion and negotiation, the Parties have reached the following agreement:

 

1.
Sale and Purchase of Equity Interest

 

1.1
Option Granted

 

In
consideration of the payment of HK$181,258 by Party A, the receipt and adequacy of which is hereby acknowledged by Party B, Party
B hereby irrevocably grants Party A an irrevocable and exclusive right to purchase, or designate one or more persons (each, a
“Designee”) to purchase the equity interests in Party C then held by Party B once or at multiple times at any time
in part or in whole at Party A’s sole and absolute discretion to the extent permitted by Chinese laws and at the price described
in Section 1.3 herein (such right being the “Equity Interest Purchase Option”). Except for Party A and the Designee(s),
no other person shall be entitled to the Equity Interest Purchase Option or other rights with respect to the equity interests
of Party B. Party C hereby agrees to the grant by Party B of the Equity Interest Purchase Option to Party A. The term “person”
as used herein shall refer to individuals, corporations, partnerships, partners, enterprises, trusts or non-corporate organizations.

 

1.2
Steps for Exercise of Equity Interest Purchase Option

 

Subject
to the provisions of the laws and regulations of Hong Kong, Party A may exercise the Equity Interest Purchase Option by issuing
a written notice to Party B (the “Equity Interest Purchase Option Notice”), specifying: (a) Party A’s decision
to exercise the Equity Interest Purchase Option; (b) the portion of equity interests to be purchased from Party B (the “Optioned
Interests”); and (c) the date for purchasing the Optioned Interests and/or the date for transfer of the Optioned Interests.

 

    	 	 	 1

     

    

 

1.3
Equity Interest Purchase Price

 

The
aggregate purchase price of all the Optioned Interests of Party B to be purchased by Party A shall be equal to the capital paid
in by the Shareholders, adjusted pro rata for purchase of less than all of the Equity Interest, [unless applicable laws and regulations
of Hong Kong SAR require an appraisal of the Equity Interest or stipulate other restrictions regarding the Equity Interest Purchase
Price (the “Equity Interest Purchase Price”).

 

1.4
Transfer of Optioned Interests

 

For
each exercise of the Equity Interest Purchase Option:

 

1.4.1
Party B shall cause Party C to promptly convene a shareholders’ meeting, at which a resolution shall be adopted approving
Party B’s transfer of the Optioned Interests to Party A and/or the Designee(s);

 

1.4.2
Party B shall execute a share transfer contract with respect to each transfer with Party A and/or each Designee (whichever is
applicable), in accordance with the provisions of this Agreement and the Equity Interest Purchase Option Notice regarding the
Optioned Interests;

 

1.4.3
The relevant Parties shall execute all other necessary contracts, agreements or documents, obtain all necessary government licenses
and permits and take all necessary actions to transfer valid ownership of the Optioned Interests to Party A and/or the Designee(s),
unencumbered by any security interests, and cause Party A and/or the Designee(s) to become the registered owner(s) of the Optioned
Interests. For the purpose of this Section and this Agreement, “security interests” shall include securities, mortgages,
third party’s rights or interests, any stock options, acquisition right, right of first refusal, right to offset, ownership
retention or other security arrangements, but shall be deemed to exclude any security interest created by this Agreement and Party
B’s Share Interest Pledge Agreement. “Party B’s Share Pledge Agreement” as used in this Section and this
Agreement shall refer to the Share Interest Pledge Agreement (“Share Pledge Agreement”) executed by and among Party
A, Party B and Party C as of the date hereof, whereby Party B pledges all of its equity interests in Party C to Party A, in order
to guarantee Party C’s performance of its obligations under the Exclusive Business Cooperation Agreement executed by and
between Party C and Party A.

 

1.5
Payment 

 

Upon
exercise of the Equity Interest Purchase Option, Party A shall make payment of the Equity Interest Purchase Price set forth in
Section1.3 under this agreement to the Party B.

 

2.
Representations and Warranties

 

Party
B and Party C hereby represent and warrant to Party A, jointly and severally, as of the date of this Agreement and each date of
transfer of the Optioned Interests, that:

 

2.1

They
have the authority to execute and deliver this Agreement and any share transfer contracts to which they are parties concerning
the Optioned Interests to be transferred thereunder (each, a “Transfer Contracts”), and to perform their obligations
under this Agreement and any Transfer Contracts. Party B and Party C agree to enter into Transfer Contracts consistent with the
terms of this Agreement upon Party A’s exercise of the Equity Interest Purchase Option. This Agreement and the Transfer
Contracts to which they are parties constitute or will constitute their legal, valid and binding obligations and shall be enforceable
against them in accordance with the provisions thereof;

 

    	 	 	 2

     

    

 

2.2

The
execution and delivery of this Agreement or any Transfer Contracts and the obligations under this Agreement or any Transfer Contracts
shall not: (i) cause any violation of any applicable laws of Hong Kong SAR; (ii) be inconsistent with the articles of association,
bylaws or other organizational documents of Party C; (iii) cause the violation of any contracts or instruments to which they are
a party or which are binding on them, or constitute any breach under any contracts or instruments to which they are a party or
which are binding on them; (iv) cause any violation of any condition for the grant and/or continued effectiveness of any licenses
or permits issued to either of them; or (v) cause the suspension or revocation of or imposition of additional conditions to any
licenses or permits issued to either of them;

 

2.3

Party
B has a good and merchantable title to the equity interests in Party C they hold. Except for Party B’s Share Pledge Agreement,
Party B has not placed any security interest on such equity interests;

 

2.4

Party
C has a good and merchantable title to all of its assets, and has not placed any security interest on the aforementioned assets;
and

 

2.5

There
are no pending or threatened litigation, arbitration or administrative proceedings relating to the equity interests in Party C,
assets of Party C or Party C.

 

3.
Effective Date

 

This
Agreement shall become effective upon the date hereof, and remain effective for a term of 10 years, and may be renewed at Party
A’s election.

 

4.
Governing Law and Resolution of Disputes

 

4.1
Governing law

 

The
execution, effectiveness, construction, performance, amendment and termination of this Agreement and the resolution of disputes
hereunder shall be governed by the formally published and publicly available laws of Hong Kong SAR. Matters not covered by formally
published and publicly available laws of Hong Kong SAR shall be governed by international legal principles and practices.

 

4.2
Methods of Resolution of Disputes

 

In
the event of any dispute with respect to the construction and performance of this Agreement, the Parties shall first resolve the
dispute through friendly negotiations. In the event the Parties fail to reach an agreement on the dispute within 30 days after
either Party’s request to the other Parties for resolution of the dispute through negotiations, either Party may submit
the relevant dispute to Hong Kong International Arbitration Centre in accordance with its Arbitration Rules. The arbitration shall
be conducted in Hong Kong, and the language used in arbitration shall either be English or Chinese. The arbitration award shall
be final and binding on all Parties.

 

5.
Taxes and Fees

 

Each
Party shall pay any and all transfer and registration tax, expenses and fees incurred thereby or levied thereon in accordance
with the laws of Hong Kong SAR in connection with the preparation and execution of this Agreement and the Transfer Contracts,
as well as the consummation of the transactions contemplated under this Agreement and the Transfer Contracts.

 

    	 	 	 3

     

    

 

6.
Notices

 

6.1 

All
notices and other communications required or permitted to be given pursuant to this Agreement shall be delivered personally or
sent by registered mail, postage prepaid, by a commercial courier service or by facsimile transmission to the address of such
Party set forth below. A confirmation copy of each notice shall also be sent by email. The dates on which notices shall be deemed
to have been effectively given shall be determined as follows:

 

6.1.1

Notices
given by personal delivery, by courier service or by registered mail, postage prepaid, shall be deemed effectively given on the
date of receipt or refusal at the address specified for notices.

 

6.1.2

Notices
given by facsimile transmission shall be deemed effectively given on the date of successful transmission (as evidenced by an automatically
generated confirmation of transmission).

 

6.2

For
the purpose of notices, the addresses of the Parties are as follows:

 

	Party
    A: 	Greenpro
    Holding Limited
	Address:
    	Suite
    2201, 22/F, Malaysia Building, 50 Gloucester Road, Wan Chai, Hong Kong 
	Attn:	Lee
    Chong Kuang
	Phone:
    	+852
    31117718 
	 	 
	Party
    B: 	LOKE
    Che Chan, Gilbert and LEE Chong Kuang
	Address:
    	Suite
    2201, 22/F, Malaysia Building, 50 Gloucester Road, Wan Chai, Hong Kong 
	Attn:
    	LOKE
    Che Chan, Gilbert and LEE Chong Kuang
	Phone:	 +852
    31117718 
	 	 
	Party
    C:	 Greenpro
    Synergy Network Limited
	Address:
    	Suite
    2201, 22/F, Malaysia Building, 50 Gloucester Road, Wan Chai, Hong Kong 
	Attn:	Loke
    Che Chan Gilbert
	Phone:
    	+852
    31117718 

 

6.3
Any Party may at any time change its address for notices by a notice delivered to the other Parties in accordance with the terms
hereof.

 

7.
Confidentiality

 

The
Parties acknowledge that the existence and the terms of this Agreement and any oral or written information exchanged between the
Parties in connection with the preparation and performance this Agreement are regarded as confidential information. Each Party
shall maintain confidentiality of all such confidential information, and without obtaining the written consent of the other Party,
it shall not disclose any relevant confidential information to any third parties, except for the information that: (a) is or will
be in the public domain (other than through the receiving Party’s unauthorized disclosure); (b) is under the obligation
to be disclosed pursuant to the applicable laws or regulations, rules of any stock exchange, or orders of the court or other government
authorities; or (c) is required to be disclosed by any Party to its shareholders, investors, legal counsels or financial advisors
regarding the transaction contemplated hereunder, provided that such shareholders, investors, legal counsels or financial advisors
shall be bound by the confidentiality obligations similar to those set forth in this Section. Disclosure of any confidential information
by the staff members or agencies hired by any Party shall be deemed disclosure of such confidential information by such Party,
which Party shall be held liable for breach of this Agreement. This Section shall survive the termination of this Agreement for
any reason.

 

    	 	 	 4

     

    

 

8.
Further Warranties

  

The
Parties agree to promptly execute documents that are reasonably required for or are conducive to the implementation of the provisions
and purposes of this Agreement and take further actions that are reasonably required for or are conducive to the implementation
of the provisions and purposes of this Agreement.

 

9.
Miscellaneous

 

9.1
Amendment, change and supplement

 

Any
amendment, change and supplement to this Agreement shall require the execution of a written agreement by all of the Parties.

 

9.2
Entire agreement

 

Except
for the amendments, supplements or changes in writing executed after the execution of this Agreement, this Agreement shall constitute
the entire agreement reached by and among the Parties hereto with respect to the subject matter hereof, and shall super cede all
prior oral and written consultations, representations and contracts reached with respect to the subject matter of this Agreement.

 

9.3
Headings

 

The
headings of this Agreement are for convenience only, and shall not be used to interpret, explain or otherwise affect the meanings
of the provisions of this Agreement.

 

9.4
Severability

 

In
the event that one or several of the provisions of this Agreement are found to be invalid, illegal or unenforceable in any aspect
in accordance with any laws or regulations, the validity, legality or enforceability of the remaining provisions of this Agreement
shall not be affected or compromised in any respect. The Parties shall strive in good faith to replace such invalid, illegal or
unenforceable provisions with effective provisions that accomplish to the greatest extent permitted by law and the intentions
of the Parties, and the economic effect of such effective provisions shall be as close as possible to the economic effect of those
invalid, illegal or unenforceable provisions.

 

9.5
Successors

 

This
Agreement shall be binding on and shall inure to the interest of the respective successors of the Parties and the permitted assigns
of such Parties.

 

9.6
Survival

 

	 	9.6.1	Any
                                         obligations that occur or that are due as a result of this Agreement upon the expiration
                                         or early termination of this Agreement shall survive the expiration or early termination
                                         thereof. 

	 	 	 
	 	9.6.2

        
	The
    provisions of Sections 4, 6, 7 and this Section 9.6 shall survive the termination of this Agreement.

 

    	 	 	 5

     

    

 

IN
WITNESS THEREFORE, the parties hereto have caused this Agreement to be executed and delivered as of the date first above written.

 

	Representative:	 	 	 
	 	 	 	 	 
	By:	/s/
    Loke Che Chan, Gilbert 	 	By:	/s/
    Lee Chong Kuang 
	Name:	 Loke
    Che Chan, Gilbert 	 	Name:	 Lee
    Chong Kuang 
	 	 	 	 	 
	Greenpro
    Holding Limited: 	 	 	 
	 	 	 	 	 
	By:
    	/s/
    Loke Che Chan, Gilbert	 	By:	/s/
    Lee Chong Kuang 
	Name:	 Loke
    Che Chan, Gilbert	 	Name:	 Lee
    Chong Kuang  
	Title:	Director	 	Title:
    	Director
    

 

    	 	 	 6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00261-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00261-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00261-of-00352.parquet"}]]