Document:

Exhibit
10.2

 

UNEX
HOLDINGS INC.

 

SUBSCRIPTION
DOCUMENTS

 

(for
U.S. Subscribers under Regulation D)

 

Up
to 6,000,000 Shares of Common Stock at US$2.5 per Share

 

    	 

     

    

 

UNEX
HOLDINGS INC.

 

SUBSCRIPTION
DOCUMENTS

 

This
Subscription Packet Contains the following (together, the “Subscription Documents”):

 

	I	Subscriber
    Instructions
	II
    	Subscription
    Agreement
	III
    	Investor
    Questionnaire

 

	Name
    of Subscriber:	_____________________________________	 
	State
    of Residence:	_____________________________________	 
	Subscriber’s
    Telephone Number	_____________________________________	 
	Subscriber’s
    Facsimile Number:	_____________________________________	 
	Subscriber’s
    Email Address:	_____________________________________	 
	Date
    of Subscription:	_____________________________________	 
	Number
    of Shares of	 	 
	Common
    Stock Subscribed For:	_____________________________________	 
	 	 	 
	Purchase
    Price Per	 	 
	Shares
    of Common Stock:	_____________________________________	 
	 	 	 
	Aggregate
    Purchase Price: $	_____________________________________	 

 

SUBSCRIPTION
PROCEDURES

 

Complete
and sign the enclosed Subscription Documents in accordance with the instructions below and return them to: Unex Holdings Inc., 31-A2,
Jalan 5/32A, 6 1⁄2 Miles off Jalan Kepong, Off Jalan Kepong, 52000 Kuala Lumpur, Malaysia, with your payment by wire transfer of
immediately available funds in U.S. dollars or in such other currency as mutually agreed in writing by the Parties, to (i) such bank
account as designated in writing by the Company on the Closing Date (as defined in the Subscription Agreement therein), or (ii) to an
escrow agent (the “Escrow Agent”) designated in writing by the Company to the Subscriber on the Closing Date (as defined
in the Subscription Agreement therein), in accordance with wire instructions provided by the Escrow Agent, pursuant to the terms of an
escrow agreement separately agreed between the Company, the Subscriber, and the Escrow Agent in writing.

 

    	 

     

    

 

UNEX
HOLDINGS INC.

 

I.
SUBSCRIBER INSTRUCTIONS

 

(for
U.S. Subscribers under Regulation D)

 

IF
YOU WISH TO SUBSCRIBE, PLEASE CAREFULLY FOLLOW THE INSTRUCTIONS BELOW. SUBSCRIPTION AGREEMENTS THAT ARE MISSING REQUESTED INFORMATION
OR SIGNATURES CANNOT BE CONSIDERED UNTIL SUCH INFORMATION AND SIGNATURES ARE PROVIDED. ALL SUCH INFORMATION WILL BE TREATED CONFIDENTIALLY.

 

A.
SUBSCRIPTION AGREEMENT: The Subscription Agreement must be fully completed by the prospective subscriber on the signature page
thereto. The completed Subscription Agreement must be signed by the prospective Subscriber and dated.

 

B.
INVESTOR QUESTIONNAIRE: The Investor Questionnaire must be fully completed by any prospective subscriber, signed by the prospective
subscriber and dated. Each purchasing entity must attach to the Investor Questionnaire a copy of its charter or other governing instrument
as well as appropriate evidence of its power and authority to purchase securities in this offering.

 

IF
YOU WISH TO RETAIN A COPY OF THESE SUBSCRIPTION DOCUMENTS FOR YOUR RECORDS, PLEASE MAKE A COPY OF THE FULLY COMPLETED SUBSCRIPTION DOCUMENTS
PRIOR TO SUBMITTING THEM TO THE COMPANY.

 

    	 

     

    

 

UNEX
HOLDINGS INC.

 

II.
SUBSCRIPTION AGREEMENT

 

(for
U.S. Subscribers under Regulation D)

 

dated

 

10-25-2022

 

    	 

     

    

 

TABLE
OF CONTENTS

 

	 	Page
	ARTICLE
    I DEFINITIONS	1
	 	 
	1.1	Certain
    Defined Terms	1
	1.2	Other
    Definitions	3
	1.3	Interpretation
    and Rules of Construction	3
	 	 	 
	ARTICLE
    II PURCHASE AND SALE; CLOSING	4
	 	 
	2.1	Subscription
    and Issuance of	4
	2.2	Closing
    of Share Subscription	4
	2.3	Closing
    Deliveries	5
	 	 	 
	ARTICLE
    III Representations and Warranties of the Company	6
	 	 
	3.1	Organization,
    Authority and Qualification of the Company	6
	3.2	Due
    Execution	6
	3.3	Litigation.
    	6
	3.4	Section
    4(2) and/or Regulation D.	6
	 	 	 
	ARTICLE
    IV Representations and Warranties of the Subscriber	7
	 	 
	4.1	Accredited
    Investor.	7
	4.2	Non-Political
    Figure.	7
	4.3	Due
    Execution	7
	4.4	No
    Conflict	7
	4.5	Proportionate
    Commitment.	8
	4.6	Substantial
    Knowledge and Experience.	8
	4.7	Truth
    and Accuracy.	8
	4.8	Consents
    and Approvals	8
	4.9	Notice.	9
	4.10	Disqualification
    Event.	9
	 	 	 
	ARTICLE
    V Additional Agreements	9
	 	 
	5.1	Registration
    Rights	9
	5.2	Confidentiality	10
	5.3	Notice
    of Developments	10
	5.4	Further
    Action	11
	 	 	 
	ARTICLE
    VI Tax Matters	11
	 	 
	6.1	Tax
    Liabilities Related to the Subject Transaction	11
	6.2	Tax
    Cooperation and Information Exchange	11

 

    	i

     

    

 

	ARTICLE
                                            VII Conditions to Closing	11
	 	 
	7.1	Conditions
    to Obligations of the Parties	11
	7.2	Conditions
    to Obligations of the Company	11
	7.3	Conditions
    to Obligations of the Subscriber	12
	 	 	 
	ARTICLE
    VIII Termination	12
	 	 
	8.1	Termination	12
	8.2	Effect
    of Termination	13
	 	 	 
	ARTICLE
    IX Indemnification	13
	 	 
	9.1	Indemnification.	13
	9.2	Procedures
    Relating to Indemnification.	14
	9.3	Limitation
    on the Liability.	15
	 	 	 
	ARTICLE
    X General Provisions	15
	 	 
	10.1	Expenses	15
	10.2	Notices	15
	10.3	Public
    Announcements	15
	10.4	Severability	16
	10.5	Entire
    Agreement; Conflict	16
	10.6	Assignment	16
	10.7	Amendment	16
	10.8	Waiver	16
	10.9	No
    Third Party Beneficiaries	16
	10.10	Governing
    Law; Arbitration.	16
	10.11	Counterparts.	16

 

    	ii

     

    

 

SHARE
SUBSCRIPTION AGREEMENT

 

This
SHARE SUBSCRIPTION AGREEMENT (the “Agreement”), dated as of October 25, 2022, between Unex Holdings Inc., a
company incorporated with limited liability in the State of Nevada, United States of America (“US” or “U.S.”)
(the “Company”), and the subscriber set forth in the signature page (the “Signature Page”) attached hereto (the
“Subscriber”). Each of the above shall collectively be referred to as the “Parties”, and each, a “Party”.

 

RECITALS

 

WHEREAS,
the Subscriber desires to subscribe for and purchase, and the Company desires to issue and sell, certain number of shares of common stock,
par value $0.001 per share, (“Common Stock”) pursuant to the terms and conditions set forth in this Agreement.

 

WHEREAS,
the Company and the Subscriber are executing and delivering this Agreement in accordance with and in reliance upon the exemption from
securities registration afforded by Regulation D (“Regulation D”) of the Securities Act of 1933 and applicable state securities
laws for the purposes of the proposed investment.

 

WHEREAS,
the Subscriber qualifies as an “accredited investor”as defined in Regulation D, Rule 501(a), promulgated under the Securities
Act and applicable state securities laws for the purposes of the proposed investment..

 

WHEREAS,
before the Registration Period Start Date (as defined hereunder), the Company is entering into various subscription agreements in accordance
and in reliance upon the exemption from securities registration afforded by Regulation S (“Regulation S”) of the Securities
Act of 1933, as well as other Regulation D subscription agreements of substantially the same form as this Agreement (the “Other
Subscription Agreements” and together with this Agreement, the “Subscription Agreements”) with certain other Regulation
S and Regulation D investors (the “Other Subscribers” and together with the Subscriber, the “Subscribers”), pursuant
to which the Other Subscribers have agreed to purchase other subscriptions shares (the “Other Subscription Shares”), and
together with the Subscription Shares (as defined hereunder, and together with the Other Subscription Shares, the “Aggregate Subscription
Shares”), an aggregate amount of up to 6,000,000 shares of Common Stock of the Company at US$2.5 per share.

 

NOW,
THEREFORE, in consideration of the foregoing and the mutual representations, warranties, covenants and agreements set forth herein, as
well as other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, each of the Parties hereto,
intending to be legally bound, agrees as follows:

 

ARTICLE
I

DEFINITIONS

 

1.1
Certain Defined Terms. For purposes of this Agreement:

 

“Affiliate”
means, with respect to any specified Person, any other Person that directly, or indirectly through one or more intermediaries, Controls,
is Controlled by, or is under common Control with, such specified Person.

 

“Business
Day” means any day that is not a Saturday, a Sunday or any other day on which banks are required or authorized by Law to be closed
in the U.S., Malaysia or Singapore.

 

    	1

    	 

    

  

“Control”
(including “Controlled by” and “under common Control with”) means with respect to the relationship between or
among two or more Persons, the possession of the power to direct or cause the direction of the affairs or management of a Person, whether
through the ownership of a majority of the outstanding voting securities, or having the right to appoint a majority of the members of
the board of directors, or as trustee, personal representative or executor, by contract, credit arrangement or otherwise.

 

“Exchange
Act” means the U.S. Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.

 

“Governmental
Authority” means any U.S. or non-U.S. federal, national, supranational, state, provincial, local or similar government, taxation,
governmental, regulatory or administrative authority, agency or commission or any court, tribunal, or judicial or arbitral body.

 

“Law”
means any U.S. or non-U.S. federal, national, supranational, state, provincial, local or similar statute, law, ordinance, regulation,
rule, code, order, requirement or rule of law (including common law).

 

“Material
Adverse Effect” means any material adverse effect on the business, operations, assets, financial condition or prospects of the
Company or its subsidiaries, if any, taken as a whole, or on the transactions contemplated hereby or by the agreements or instruments
to be entered into in connection herewith.

 

“MYR”
means Malaysian Ringgit.

 

“Common
Stock” means the shares of common stock, par value US$0.001 per share, in the share capital of the Company.

 

“Person”
means any individual, partnership, firm, corporation, limited liability company, association, trust, unincorporated organization or other
entity.

 

“Securities
Act” means the U.S. Securities Act of 1933, as amended, and all of the rules and regulations promulgated thereunder.

 

“SEC
Documents” means all reports, schedules, forms, statements and other documents required to be filed by the Company under the Securities
Act and the Exchange Act, including pursuant to Section 13(a) or 15(d) of the Exchange Act, for the two years preceding the date hereof
(or such shorter period as the Company was required by law or regulation to file such material), and the foregoing materials, including
the exhibits thereto and documents incorporated by reference therein.

 

    	2

    	 

    

 

“SEC”
means the U.S. Securities and Exchange Commission.

 

“S$”
means Singapore Dollar.

 

“Transaction
Document” means, collectively, this Agreement and each of the other documents entered into or delivered by the parties hereto or
their respective Affiliates in connection with the transactions contemplated by this Agreement.

 

“US$”
means the United States Dollars, the lawful currency of the United States of America.

 

1.2
Other Definitions. The following terms have the meanings set forth in the sections set forth below:

 

	Definition	 	Location
	 	 	 
	“Agreement”	 	Preamble
	 	 	 
	“Company”	 	Preamble
	 	 	 
	“Subscriber”	 	Preamble
	 	 	 
	“Parties”	 	Preamble
	 	 	 
	“Party”	 	Preamble
	 	 	 
	“Subscription
    Price”	 	Section
    2.1
	 	 	 
	“Subscription
    Shares”	 	Section
    2.1
	 	 	 
	“Closing”	 	Section
    2.2
	 	 	 
	“Closing
    Date”	 	Section
    2.2
	 	 	 
	“Registration
    Period Start Date”	 	Section
    5.1

 

1.3
Interpretation and Rules of Construction. In this Agreement, except to the extent otherwise provided or that the context otherwise
requires:

 

(a)
when a reference is made in this Agreement to an Article, Section, Exhibit or Schedule, such reference is to an Article or Section of,
or an Exhibit or Schedule to, this Agreement unless otherwise indicated;

 

(b)
the table of contents and headings in this Agreement are inserted for reference purposes only and do not affect in any way the meaning
or interpretation of this Agreement;

 

    	3

    	 

    

 

(c)
whenever the words “include,” “includes” or “including” are used in this Agreement, they are deemed
to be followed by the words “without limitation”;

 

(d)
the words “hereof,” “herein” and “hereunder” and words of similar import, when used in this Agreement,
refer to this Agreement as a whole and not to any particular provision of this Agreement;

 

(e)
whenever the word “day” is used in this Agreement, it shall be deemed to refer to a calendar day;

 

(f)
all terms defined in this Agreement have the defined meanings when used in any certificate or other document made or delivered pursuant
to this Agreement, unless otherwise defined therein;

 

(g)
the definitions contained in this Agreement are applicable to the singular as well as the plural forms of such terms;

 

(h)
any Law defined or referred to herein or in any agreement or instrument that is referred to herein means such Law or statute as from
time to time amended, modified or supplemented, including by succession of successor Laws;

 

(i)
references to a Person are also to its successors and permitted assigns; and

 

(j)
the use of “or” is not intended to be exclusive unless expressly indicated otherwise.

 

ARTICLE
II

PURCHASE
AND SALE; CLOSING

 

2.1
Subscription and Issuance of Common Stock. Upon the terms and subject to the conditions of this Agreement, at Closing (as defined
below), the Subscriber hereby agrees to subscribe for and purchase, and the Company hereby agrees to issue and sell to the Subscriber
the number of shares of Common Stock set forth on the Signature Page (the “Subscription Shares”) for an aggregate purchase
price set forth on the Signature Page (the “Purchase Price”), representing a per share purchase price as set forth on the
Signature Page. 

 

2.2
Closing of Share Subscription. Subject to satisfaction or, to the extent permissible, waiver by the Party or Parties entitled
to the benefit of the relevant conditions, of all the conditions (other than conditions that by their nature are to be satisfied at Closing,
but subject to the satisfaction or, to the extent permissible, waiver of those conditions at Closing), the closing of the sale and purchase
of the Subscription Shares pursuant to this Section 2.2 (the “Closing”) shall take place remotely by electronic means (i)
five (5) business days from the date of this Agreement, or (ii) any other date as may be agreed by the Subscriber and the Company in
writing (the “Closing Date”). 

 

    	4

    	 

    

 

2.3
Closing Deliveries. At the Closing,

 

(a)
the Subscriber shall pay, or cause to be paid, the Purchase Price to the Company by wire transfer of immediately available funds in U.S.
dollars or in such other currency as mutually agreed in writing by the Parties, to (i) such bank account as designated in writing by
the Company on the Closing Date, or (ii) an escrow agent (the “Escrow Agent”) designated in writing by the Company to the
Subscriber on the Closing Date, in accordance with wire instructions provided by the Escrow Agent, pursuant to the terms of an escrow
agreement separately agreed between the Company, the Subscriber, and the Escrow Agent in writing (the “Escrow Agreement”);

 

(b)
the Company shall deliver to the Subscriber the Subscription Shares in book entry form within thirty(30) days of the clearing of transfer
of the Purchase Price;

 

(c)
in the event that the Purchase Price are paid to the Escrow Agent, the Purchase Price shall be released to the Company pursuant to the
terms of the Escrow Agreement;

 

(d)
the Subscriber acknowledges and understands that (i) the Subscription Shares have not been registered under the Securities Act, or applicable
U.S. state securities laws, (ii) that the Subscription Shares are deemed to be “restricted securities” under the Securities
Act and applicable U.S. state securities laws and (iii) No federal or state agency has made any finding or determination as to the fairness
of the terms of this offering. These securities have not been recommended or endorsed by any federal or state securities commission or
regulatory agency.

 

(e)
the purchase of the Subscription Shares is taking place in a transaction not involving a public offering. Furthermore, the Subscriber
is aware and understands that any resale inconsistent with the Securities Act may create liability on the Subscriber’s part and/or
the part of the Company, and agrees not to assign, sell, pledge, transfer or otherwise dispose of or transfer any such Subscription Shares,
unless registered under the Securities Act and applicable U.S. state securities laws, or an opinion is given by counsel satisfactory
to the Company that such registration is not required. The Company will issue the Subscription Shares purchased by the Subscriber in
the name of the Subscriber and in such denominations to be specified by the Subscriber prior to the Closing. The Subscription Shares
will bear the following legend (the “Legend”), and appropriate “stop transfer” instructions:

 

“NEITHER THIS SECURITY NOR THE SECURITIES AS TO WHICH THIS SECURITY MAY BE EXERCISED HAVE 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 AS EVIDENCED BY A LEGAL OPINION OF COUNSEL
TO THE TRANSFEROR TO SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY ACCEPTABLE TO THE COMPANY.”

 

    	5

    	 

    

 

ARTICLE
III

Representations
and Warranties of the Company

 

In
order to induce the Subscriber to enter into this Agreement, the Company hereby represents and warrants to the Subscriber as follows:

 

3.1
Organization, Authority and Qualification of the Company. The Company is a company incorporated with limited liability in the
State of Nevada, U.S., with good standing, and has all necessary corporate power and authority to carry on the business as it has been
and is currently conducted. Any and all of the corporate actions relating to the issuance and placement of the Subscription Shares as
contemplated by this Agreement have been duly authorized by the Company in accordance with applicable Laws and constitutional documents
of the Company. 

 

3.2
Due Execution. The execution and delivery by the Company of this Agreement and any other Transaction Document to which the Company
is a party, the performance by the Company of its obligations hereunder and thereunder, and the consummation by the Company of the transactions
contemplated hereby and thereby have been or will be on or prior to the Closing Date duly authorized by all requisite action on the part
of the Company. This Agreement has been duly executed and delivered by the Company, and (assuming due authorization, execution and delivery
by the Subscriber) this Agreement constitutes, and upon their execution the Transaction Documents to which the Company is a party shall
constitute, legal, valid and binding obligations of the Company, enforceable against the Company in accordance with their respective
terms.  

 

3.3
Litigation. Except as disclosed in the SEC Documents, there are no actions, claims, demands, investigations, examinations, indictments,
litigations, suits or other criminal, civil or administrative or investigative proceedings pending or, to the knowledge of the Company,
threatened against the Company or any of its subsidiaries or directors or officers of the Company or any of its subsidiaries in their
capacities as such before or by any Governmental Authority or by any other Person, which, either individually or in the aggregate, could
reasonably be expected to have a Material Adverse Effect.

 

3.4
Section 4(2) and/or Regulation D. Company will be relying on the information furnished in the Investor Questionnaire in determining,
among other things, whether there are reasonable grounds to believe that at the time the Subscriber was offered the Subscription Shares,
it was, and as of the date of this Agreement it is an “accredited investor” as defined in Regulation D, Rule 501(a), promulgated
under the Securities Act.

 

    	6

    	 

    

 

ARTICLE
IV

Representations
and Warranties of the Subscriber

 

In
order to induce the Subscriber to enter into this Agreement, except as set forth in the corresponding sections herein, the Subscriber
hereby represents and warrants to the Company as follows:

 

4.1
Accredited Investor. In providing the representations and answers contained in the Investor Questionnaire, the Subscriber acknowledges
that the Company will be relying on the information therein in determining, among other things, whether there are reasonable grounds
to believe that the Subscriber qualifies as an investor under Regulation D of the Securities Act and applicable stte securities laws
for the purposes of the proposed investment. The Subscriber is an “accredited investor” as that term is defined in Rule 501(a)
of Regulation D (an “Accredited Investor”).

 

4.2
Non-Political Figure. To the best of the Subscriber’s knowledge, none of (i) the Subscriber, (ii) any person controlling
or controlled by the Subscriber, (iii) if the Subscriber is a privately-held entity, any person having a beneficial interest in the Subscriber;
or (iv) any person for whom the Subscriber is acting as agent or nominee in connection with this investment is a senior foreign political
figure1, a special interest person2, or any immediate family member3 or close associate4 of
a senior foreign political figure, as such terms are defined in the footnotes below.

 

4.3
Due Execution. The execution and delivery by the Subscriber of this Agreement and any other Transaction Document to which the
Subscriber is a party, the performance by the Subscriber of its obligations hereunder and thereunder and the consummation by the Subscriber
of the transactions contemplated hereby and thereby have been or will be on or prior to the Closing Date duly authorized by all requisite
action on the part of the Subscriber. This Agreement has been duly executed and delivered by the Subscriber, and (assuming due authorization,
execution and delivery by the Company) this Agreement constitutes, and upon their execution the Transaction Documents to which the Subscriber
is a party shall constitute, legal, valid and binding obligations of the Subscriber, enforceable against the Subscriber in accordance
with their respective terms.

 

4.4
No Conflict. Assuming that all required consents, approvals, authorizations
and other actions referred to herein have been obtained, the execution, delivery and performance of this Agreement and any other Transaction
Document by the Subscriber do not (a) violate, conflict with or result in the breach of any provision of the constitutional documents
of the Subscriber, (b) conflict with or violate any Law or governmental order applicable to the Subscriber, or (c) conflict with, result
in any breach of, constitute a default under, require any consent under, or give to others any rights of termination, amendment, acceleration,
suspension, revocation or cancellation of, any note, bond, mortgage or indenture, contract, agreement, lease, sublease, license, permit,
franchise or other instrument or arrangement to which the Subscriber is a party, except, to the extent that such conflicts, breaches,
defaults or other matters would not materially and adversely affect the ability of the Subscriber to perform any of its obligations under
this Agreement or any other Transaction Document or consummate any transactions contemplated hereunder or thereunder.

 

 

 

1
                                            A “senior foreign political figure” is defined as a senior official in
                                            the executive, legislative, administrative, military or judicial branches of a foreign government
                                            (whether elected or not), a senior official of a major foreign political party, or a senior
                                            executive of a foreign government-owned corporation. In addition, a “senior foreign
                                            political figure” includes any corporation, business or other entity that has been
                                            formed by, or for the benefit of, a senior foreign political figure.

 

2
A “special interest person” shall be any individual who is alleged to have been involved in a criminal activity that
falls under the following categories: corruption, financial crime, trafficking, organized crime, terror, tax crime.

 

3
“Immediate family” of a senior foreign political figure typically includes the figure’s parents, siblings, spouse,
children and in-laws.

 

4
A “close associate” of a senior foreign political figure is a person who is widely and publicly known to maintain an
unusually close relationship with the senior foreign political figure and includes a person who is in a position to conduct substantial
domestic and international financial transactions on behalf of the senior foreign political figure.

 

    	7

    	 

    

 

4.5
Proportionate Commitment. The Subscriber’s overall commitment to investments that are not readily marketable is not disproportionate
to the Subscriber’s net worth and the Subscriber’s investment in the Company will not cause such overall commitment to become
excessive. The Subscriber has adequate net worth and means of providing for current needs and personal contingencies to sustain a complete
loss of the Subscriber’s investment in the Company, and the Subscriber has no need for liquidity in this investment.

 

4.6
Substantial Knowledge and Experience. The Subscriber has substantial knowledge and experience in making investment decisions of
this type and is capable of evaluating the merits and risks of this investment. The Subscriber understands that an investment in the
Company is speculative and involves a high degree of risk, and the Subscriber has carefully reviewed and is aware of all of the risk
factors related to the purchase of the securities. The Subscriber has had an opportunity to ask questions of and receive answers from
representatives of the Company with respect to this offering. The Company has provided the Subscriber with all documents requested and
has provided answers to all of the Subscriber’s questions relating to an investment in the Company. In addition, the Subscriber
has had an opportunity to discuss this investment with representatives of the Company and to ask questions of them.

 

4.7
Truth and Accuracy. The Company and the other subscribers are relying on the truth and accuracy of the declarations, representations
and warranties herein made by the Subscriber. Accordingly, the foregoing representations and warranties and undertakings are made by
the Subscriber with the intent that they may be relied upon in determining his/her suitability as a subscriber. The Subscriber agrees
that such representations and warranties shall survive the acceptance of the Subscriber, and the Subscriber indemnifies and agrees to
hold harmless, the Company and each other subscriber from and against all damages, claims, expenses, losses or actions resulting from
the untruth of any of the warranties and representations contained in this Agreement.

 

4.8
Consents and Approvals. The execution, delivery and performance by the Subscriber of this Agreement does not and will not require
any consent, approval, authorization or other order of, action by, filing with, or notification to, any Governmental Authority. The execution,
delivery and performance by the Company to the Subscriber of this Agreement does not and will not require any consent, approval, authorization
or other order of, action by, filing with, or notification to, any Governmental Authority. The Subscriber is not acting on behalf of,
or for the benefit for, nor does it intend to transfer the Subscription Shares to any party that will require any consent, approval,
authorization or other order of, action by, filing with, or notification to, any Governmental Authority.

 

    	8

    	 

    

 

4.9
Notice. The foregoing representations and warranties are true as of the date of this Agreement and shall be true as of the date
the Company issues and sells Subscription Shares to the Subscriber. If such representations and warranties shall not be true in any respect
prior to such date, the Subscriber will give prompt written notice of such fact to the Company.

 

4.10
Disqualification Event. Subscriber represents that no disqualifying event described in Rule 506(d)(1)(i)-(viii) under the Securities
Act (a “Disqualification Event”) is applicable to Subscriber or any of its Rule 506(d) Related Parties (as defined below),
except, if applicable, for a Disqualification Event as to which Rule 506(d)(2)(ii) or (iii) or (d)(3) is applicable. Subscriber hereby
agrees that it shall notify the Company promptly in writing in the event a Disqualification Event becomes applicable to Subscriber or
any of its Rule 506(d) Related Parties, except, if applicable, for a Disqualification Event as to which Rule 506(d)(2)(ii) or (iii) or
(d)(3) is applicable. For purposes of this Section 2.1.15, “Rule 506(d) Related Party” shall mean a person or entity that
is a direct beneficial owner of Subscriber’s securities for purposes of Rule 506(d) under the Securities Act.

 

ARTICLE
V

Additional
Agreements

 

5.1
Registration Rights. The Company shall use commercially reasonable efforts within two hundred and seventy (270) calendar days
from the earlier of (i) a date on which the Aggregate Subscription Shares reaches 6,000,000 shares of Common Stock; or (ii) a date to
be specified by the Company on no less than ten Business Day’s prior notice to the Subscriber; in any event no later than December
31, 2023 (“the Registration Period Start Date”), to register the Registrable Securities (as defined below) being issued pursuant
to this Agreement by preparing and filing one registration statement (the “Registration Statement”), or if necessary more
than one registration statement, of the Company in compliance with the Securities Act and pursuant to Rule 415 under the Securities Act
or any successor rule providing for offering securities on a continuous basis (“Rule 415”), and the declaration or ordering
of effectiveness of the Registration Statement by the SEC. 

 

The
Subscriber and its counsel shall have a reasonable opportunity to review and comment upon the Registration Statement or amendment thereto
and any related prospectus prior to its filing with the SEC. The Subscriber shall furnish all information reasonably requested by the
Company for inclusion therein. The Company shall use commercially reasonable efforts to have the Registration Statement or amendment
declared effective by the SEC at the earliest possible date. The Company shall use commercially reasonable efforts to keep the Registration
Statement effective pursuant to Rule 415 promulgated under the Securities Act and available for sales of all of the Registrable Securities
at all times until the date as of which the Subscriber may sell all of the Registrable Securities without restriction pursuant to the
last sentence of Rule 144(b)(1)(i) promulgated under the Securities Act (or successor thereto). The Registration Statement (including
any amendments or supplements thereto and prospectuses contained therein) shall not contain any untrue statement of a material fact or
omit to state a material fact required to be stated therein, or necessary to make the statements therein, in light of the circumstances
in which they were made, not misleading.

 

    	9

    	 

    

 

“Registrable
Securities” means, as of any date of determination, (a) all shares of Common Stock issued pursuant to the Subscription Agreements,
and (b) any securities issued or then issuable upon any stock split, dividend or other distribution, recapitalization or similar event
with respect to the foregoing; provided, however, that any such Registrable Securities shall cease to be Registrable Securities (and
the Company shall not be required to maintain the effectiveness of any, or file another, Registration Statement hereunder with respect
thereto) for so long as (a) a Registration Statement with respect to the sale of such Registrable Securities is declared effective by
the SEC under the Securities Act and such Registrable Securities have been disposed of by the holder of the Registrable Securities in
accordance with such effective Registration Statement, (b) such Registrable Securities have been previously sold in accordance with Rule
144, or (c) such securities become eligible for resale without volume or manner-of-sale restrictions and without current public information
pursuant to Rule 144 as set forth in a written opinion letter to such effect, addressed, delivered and acceptable to the Company’s
transfer agent and the affected holder of the security (assuming that such securities and any securities issuable upon exercise, conversion
or exchange of which, or as a dividend upon which, such securities were issued or are issuable, were at no time held by any Affiliate
(as such terms are used in and construed under Rule 405 under the Securities Act) of the Company, as reasonably determined by the Company,
upon the advice of counsel to the Company.

 

5.2
Confidentiality. Except as necessary under the disclosure requirements of securities laws and regulations of the U.S., the Parties
shall hold and shall cause their respective representatives to hold in strict confidence, unless compelled to disclose by judicial or
administrative process or by other requirements of Law, all documents and information concerning the other party furnished to it by such
other party or its representatives in connection with the transactions contemplated by this Agreement (except to the extent that such
information can be shown to have been (a) previously known by the party to which it was furnished, (b) in the public domain through no
fault of such party or (c) later lawfully acquired from other sources, which source is not the agent of the other party, by the party
to which it was furnished), and each party shall not release or disclose such information to any other person, except its representatives
in connection with this Agreement. In the event that any party believes that it is required to disclose any such confidential information
pursuant to applicable Laws, such party shall give timely written notice to the other parties so that such parties may have an opportunity
to obtain a protective order or other appropriate relief. Each party shall be deemed to have satisfied its obligations to hold confidential
information concerning or supplied by the other parties if it exercises the same care as it takes to preserve confidentiality for its
own similar information. 

 

5.3
Notice of Developments. Prior to the Closing, the Subscriber and the Company shall each promptly notify the other in writing of
(a) all events, circumstances, facts and occurrences or non-occurrences arising subsequent to the date of this Agreement which may result
in any breach of a representation or warranty or covenant of either the Subscriber or the Company contained in this Agreement or which
may have the effect of making any representation or warranty of either the Subscriber or the Company contained in this Agreement untrue
or incorrect in any material aspect, and (b) any material development that has an effect on the assets, liabilities, business, or financial
status related to the Company or the Subscriber. The Parties agree to discuss in good faith appropriate measures or solutions to address
such events circumstances, facts and occurrences or non-occurrences or developments.

 

    	10

    	 

    

 

5.4
Further Action. Each of the Parties shall use all reasonable efforts to take, or cause to be taken, all appropriate action, do
or cause to be done all things necessary, proper or advisable under applicable Law, and to execute and deliver such documents and other
papers, as may be required to carry out the provisions of this Agreement and the other Transaction Documents to which it is a party and
consummate and make effective the transactions contemplated hereby and thereby. Each of the Parties agrees that it will not take or cause
to be taken any action that may result in any breach of any of its representations, warranties, covenants or agreements contained in
this Agreement. 

 

ARTICLE
VI

Tax
Matters

 

6.1
Tax Liabilities Related to the Subject Transaction. Each of the Company and the Subscriber agrees that each Party shall be liable
for its own tax liabilities arising from the subject transaction. 

 

6.2
Tax Cooperation and Information Exchange. The Parties agree that they will cooperate with each other in relation to tax matters,
and each Party shall provide the other Party with the relevant information requested by the other Party in order for the other Party
to complete its necessary tax filing or audit, determine liability for taxes and right to a tax refund, and perform any other tax-related
work.

 

ARTICLE
VII

Conditions
to Closing

 

7.1
Conditions to Obligations of the Parties. The obligations of each of the Company and the Subscriber to consummate the transactions
contemplated by this Agreement shall be subject to the fulfillment or written waiver by the other Party of each of the following conditions:

 

(a)
All Required Governmental Approvals shall have been obtained. For the avoidance of doubt, the Required Governmental Approvals mentioned
in this Section 7.1(a) shall not include any post-Closing registrations.

 

(b)
There has been no rule under applicable Laws or judgment, injunction, order or decree that prohibits the consummation of the Closing,
or substantively increases the costs of the Company or the Subscriber in connection with the transactions contemplated by this Agreement.

 

7.2
Conditions to Obligations of the Company. The obligations of the Company to consummate the transactions contemplated by this Agreement
shall be subject to the fulfillment or written waiver by the Company, at or prior to the Closing, of each of the following conditions:

 

(a)
The representations and warranties of the Subscriber contained in this Agreement shall be true and correct when made in all material
respects and shall be true and correct in all material respects as of the Closing, with the same force and effect as if made at the Closing
(except to the extent that such representations and warranties were made as of other date, in which case such representations and warranties
shall have been true and correct as of such date).

 

    	11

    	 

    

 

(b)
Where the Subscriber is an entity, the Subscriber shall have delivered to the Company a copy of a resolution of the board of directors
of the Subscriber (certified by a duly appointed officer as true and correct) authorizing the execution of and the performance by the
Subscriber of its obligations under this Agreement and the Transaction Documents.

 

(c)
The Subscriber shall have performed all of its covenants and agreements required by this Agreement to be so performed by it, prior to
or on the Closing, and where the Subscriber is an entity, the Company shall have received a certificate of the Subscriber signed by a
duly authorized officer thereof certifying the matters set forth in this Section 7.2(a).

 

7.3
Conditions to Obligations of the Subscriber The obligations of the Subscriber to consummate the transactions contemplated by this
Agreement shall be subject to the fulfillment or written waiver by the Subscriber at or prior to the Closing, of each of the following
conditions:

 

(a)
The representations and warranties of the Company contained in this Agreement shall be true and correct when made in all material respects
and shall be true and correct in all material respects as of the Closing, with the same force and effect as if made at the Closing (except
to the extent that such representations and warranties were made as of other date, in which case such representations and warranties
shall have been true and correct as of such date).

 

(b)
The Company shall have performed all of its covenants and agreements required by this Agreement to be so performed by it, prior to or
on the Closing.

 

ARTICLE
VIII

Termination

 

8.1
Termination. This Agreement may be terminated at any time prior to the Closing,

 

(a)
by the Subscriber if:

 

(i)
any event or circumstance has occurred that would cause any of the conditions set forth in Section 7.3 not to be satisfied; or

 

(ii)
any representation or warranty made by the Company in this Agreement has been untrue or inaccurate in any material respect, or any covenant
required to be fulfilled prior to the Closing fails to be fulfilled substantively, or the Company fails to comply with any of its covenants
or agreements that would cause any of the conditions set forth in Section 7.3(a) not to be satisfied and such breach has not been cured
by the Company within thirty (30) days upon giving of written notice of such breach by the Subscriber;

 

(b)
by the Company if:

 

(i)
any event or circumstance has occurred that would cause any of the conditions set forth in Section 7.2 not to be satisfied; or

 

(ii)
any representation or warranty made by the Subscriber in this Agreement has been untrue or inaccurate in any material respect, or any
covenant required to be fulfilled prior to the Closing fails to be fulfilled substantively, or the Subscriber fails to comply with any
of its covenants or agreements that would cause any of the conditions set forth in Section 7.2 not to be satisfied and such breach has
not been cured by the Subscriber within thirty (30) days upon giving of written notice of such breach by the Company;

 

    	12

    	 

    

 

(c)
by either the Company or the Subscriber, if the Closing shall not have occurred by December 31, 2023; provided, however, that the right
to terminate this Agreement under this Section 8.1(c) shall not be available to either Party whose failure to fulfill any obligation
under this Agreement shall have been the cause of, or shall have resulted in, the failure of the Closing to occur on or prior to such
date;

 

(d)
by either the Company or the Subscriber, if any Governmental Authority shall have issued any order, decree, decision or shall have taken
any other action, and such order, decree, decision or action that would enjoin or otherwise prohibit the transactions contemplated by
this Agreement shall have become final and non-appealable; or

 

(e)
by the mutual written consent of the Company and the Subscriber.

 

8.2
Effect of Termination. In the event of termination of this Agreement as provided in Section 8.1(d) or (e), this Agreement shall
forthwith become void and there shall be no liability on the part of either Party hereto unless otherwise set forth in this Agreement
or agreed by the Parties. Nothing herein shall relieve either party hereto from liability for any breach of this Agreement and the defaulting
Party shall be liable to the other Party for its losses.

 

ARTICLE
IX

Indemnification

 

9.1
Indemnification.

 

(a)
Indemnification by the Company. From and after the Closing Date and subject to Section 9.3, the Company shall indemnify and hold
the Subscriber, its Affiliates and their respective directors, officers, agents, successors and assigns (the “Subscriber Indemnitees”)
harmless from and against any losses, claims, damages, liabilities, judgments, fines, obligations, cost and expenses, including but not
limited to any investigative, legal and other expenses (collectively, “Losses”) incurred by any Subscriber Indemnitee as
a result of or arising out of: (i) breach of any representation or warranty of the Company contained in Article 3; or (ii) violation
or nonperformance, partial or total, of any covenant or agreement of the Company contained in this Agreement.

 

(b)
Indemnification by the Subscriber. From and after the Closing Date and subject to Section 10.8, the Subscriber shall indemnify
and hold the Company, its Affiliates and their respective directors, officers, agents, successors and assigns (the “Company Indemnitees”)
harmless from and against any Losses incurred by any Company Indemnitee as a result of or arising out of: (i) breach of any representation
or warranty of the Subscriber contained in Article IV; or (ii) violation or nonperformance, partial or total, of any covenant or agreement
of the Subscriber contained in this Agreement.

 

    	13

    	 

    

 

9.2
Procedures Relating to Indemnification.

 

(a)
Any party seeking indemnification under Section 9.1 (an “Indemnified Party”) shall promptly give the Party from whom
indemnification is being sought (an “Indemnifying Party”) notice of any matter which such Indemnified Party has determined
has given or would reasonably be expected to give rise to a right of indemnification under this Agreement stating in reasonable detail
the factual basis of the claim to the extent known by the Indemnified Party, and containing a reference to the provisions of this Agreement
in respect of which such right of indemnification is claimed or arises; provided that the failure to provide such notice shall
not release the Indemnifying Party from any of its obligations under this Article IX except to the extent the Indemnifying Party is materially
prejudiced by such failure. With respect to any recovery or indemnification sought by an Indemnified Party from the Indemnifying Party
that does not involve a Third Party Claim, if the Indemnifying Party does not notify the Indemnified Party within thirty (30) days from
its receipt of the notice from the Indemnified Party that the Indemnifying Party disputes such claim, the Indemnifying Party shall be
deemed to have accepted and agreed with such claim. If the Indemnifying Party has disputed a claim for indemnification (including any
Third Party Claim), the Indemnifying Party and the Indemnified Party shall proceed in good faith to negotiate a resolution to such dispute.
If the Indemnifying Party and the Indemnified Party cannot resolve such dispute in thirty (30) days after delivery of the dispute notice
by the Indemnifying Party, such dispute shall be resolved by arbitration pursuant to Section 10.10. 

 

(b)
If an Indemnified Party shall receive notice of any claim or demand asserted by a third party (each, a “Third Party Claim”)
against it or which may give rise to a claim for Loss under this Article IX, within thirty (30) days of the receipt of such notice, the
Indemnified Party shall give the Indemnifying Party notice of such Third Party Claim; provided that the failure to provide such
notice shall not release the Indemnifying Party from any of its obligations under this Article IX except to the extent that the Indemnifying
Party is materially prejudiced by such failure. If the Indemnifying Party acknowledges in writing its obligation to indemnify the Indemnified
Party hereunder against any Losses that may result from such Third Party Claim, then the Indemnifying Party shall be entitled to assume
and control the defense of such Third Party Claim at its expense and through counsel of its choice if it gives notice of its intention
to do so to the Indemnified Party within fifteen (15) days of the receipt of such notice from the Indemnified Party; provided that
that if there exists or is reasonably likely to exist a conflict of interest that would make it inappropriate in the judgment of the
Indemnified Party in its sole and absolute discretion for the same counsel to represent both the Indemnified Party and the Indemnifying
Party, then the Indemnified Party shall be entitled to retain its own counsel in each jurisdiction for which the Indemnified Party determines
counsel is required, at the Indemnifying Party’s expense. In the event that the Indemnifying Party exercises the right to undertake
any such defense against any such Third Party Claim as provided above, the Indemnified Party shall cooperate with the Indemnifying Party
in such defense and make available to the Indemnifying Party, at the Indemnifying Party’s expense, all witnesses, pertinent records,
materials and information in the Indemnified Party’s possession or under the Indemnified Party’s control relating thereto
as is reasonably required by the Indemnifying Party. Similarly, in the event the Indemnified Party is, directly or indirectly, conducting
the defense against any such Third Party Claim, the Indemnifying Party shall cooperate with the Indemnified Party in such defense and
make available to the Indemnified Party, at the Indemnifying Party’s expense, all such witnesses, records, materials and information
in the Indemnifying Party’s possession or under the Indemnifying Party’s control relating thereto as is reasonably required
by the Indemnified Party. No such Third Party Claim may be settled by the Indemnifying Party without the prior written consent of the
Indemnified Party.

 

    	14

    	 

    

 

9.3
Limitation on the Liability. Absent fraud, intentional misrepresentation or willful breach, the maximum aggregate liabilities
of the Indemnifying Party in respect of Losses suffered by the Indemnified Parties pursuant to Section 9.1(a) or 9.2(b) shall not in
any event be greater than the Purchase Price.

 

ARTICLE
X

General
Provisions

 

10.1
Expenses. Except as otherwise provided in this Agreement, all costs and expenses, including fees and disbursements of counsel,
financial advisors and accountants, incurred in connection with this Agreement and the transactions contemplated by this Agreement shall
be borne by the Party incurring such costs and expenses, whether or not the Closing shall have occurred.

 

10.2
Notices. All notices, requests, claims, demands and other communications under this Agreement shall be in writing and shall be
given or made (and shall be deemed to have been duly given or made upon receipt) by delivery in person, by courier service, by facsimile
or via registered mail to the respective parties hereto. Notices to the Subscriber will be directed to the address of the Subscriber
set forth on the Signature Page of this Agreement and notices to the Company will be directed to the following address:

 

Address
of the Company:

 

Unex
Holdings Inc.

31-A2,
Jalan 5/32A 

6
1⁄2 Miles Off Jalan Kepong

52000
Kuala Lumpur, Malaysia

 

10.3
Public Announcements. The Subscriber will not make (and will use its reasonable best efforts to ensure that its Affiliates and
representatives do not make) any news release or public disclosure with respect to this Agreement and any of the transactions contemplated
hereby, without first consulting with the Company and, in each case, also receiving the Company’s consent (which shall not be unreasonably
withheld or delayed); provided that in the event the Subscriber is advised by its outside legal counsel that a particular disclosure
is required by Law, it shall be permitted to make such disclosure but shall be obligated to use its reasonable best efforts to consult
with the Company and take its comments into account with respect to the content of such disclosure before issuing such disclosure. Each
of the Parties hereto shall comply with the requirements on disclosure of interests under the securities exchange laws and regulations
of the U.S.

 

    	15

    	 

    

 

10.4
Severability. If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any Law or
public policy, all other terms and provisions of this Agreement shall nevertheless remain in full force and effect for so long as the
economic or legal substance of the transactions contemplated by this Agreement is not affected in any manner materially adverse to any
Party hereto. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the Parties
hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the Parties hereto as closely as
possible in a mutually acceptable manner in order that the transactions contemplated by this Agreement are consummated as originally
contemplated to the greatest extent possible.

 

10.5
Entire Agreement; Conflict. This Agreement and other Transaction Documents constitute the entire agreement of the Parties hereto
with respect to the subject matter hereof and thereof and supersede all prior agreements and covenants, both written and oral, between
the Company and the Subscriber with respect to the subject matter hereof and thereof. In case of any conflict between the provisions
of this Agreement and those of any other Transaction Documents, the provisions of this Agreement shall prevail.

 

10.6
Assignment. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors
and permitted assigns, which will become the new parties hereto. Without the express written consent of the Company and the Subscriber
(such consent shall be granted or withheld by the Company or the Subscriber in its own discretion), this Agreement shall not be assigned
by operation of Law or otherwise.

 

10.7
Amendment. This Agreement may not be amended or modified except (a) by an instrument in writing signed by, or on behalf of, Company
and Subscriber; or (b) by a waiver in accordance with Section 10.7.

 

10.8
Waiver. Either Party to this Agreement may (a) extend the time for the performance of any of the obligations or other acts of
the other Party; (b) waive any inaccuracies in the representations and warranties of the other Party contained herein or in any document
delivered by the other Party pursuant to this Agreement; or (c) waive compliance with any of the agreements of the other Party or conditions
to such obligations contained herein. Any such extension or waiver shall be valid only if set forth in an instrument in writing signed
by any Party to be bound thereby. Any waiver of any term or condition shall not be construed as a waiver of any subsequent breach or
a subsequent waiver of the same term or condition, or a waiver of any other term or condition of this Agreement. The failure of any Party
hereto to assert any of its rights hereunder shall not constitute a waiver of any of such rights. All rights and remedies existing under
this Agreement are cumulative to, and not exclusive of, any rights or remedies otherwise available.

 

10.9
No Third Party Beneficiaries. This Agreement shall be binding upon and inure solely to the benefit of the Parties hereto and their
respective successors and permitted assigns and nothing herein, express or implied, is intended to or shall confer upon any other person
any legal or equitable right, benefit or remedy of any nature whatsoever, except as expressly provided in this Agreement.

 

10.10
Governing Law; Arbitration. This Agreement and all questions concerning the construction, validity, enforcement and interpretation
of this Agreement shall be governed by and construed in accordance with the laws of the state of New York without giving effect to any
choice or conflict of law provision or rule thereof. Each of the Company and the Subscriber hereby submits to the exclusive jurisdiction
of the United States federal and state courts located in New York, New York, with respect to any dispute arising under the Transaction
Documents or the transactions contemplated thereby.

 

10.11
Counterparts. This Agreement may be executed and delivered (including by facsimile) in one or more counterparts, and by the Parties
hereto in separate counterparts, each of which when executed shall be deemed to be an original, but all of which taken together shall
constitute one and the same agreement.

 

[The
remainder of this page intentionally left blank; Signature Page to follow]

 

    	16

    	 

    

 

Date:
_____________________________

 

	Number
                                            Of Shares of Common Stock Subscribed For: ______________________________

	 
	Purchase
                                            Price Per Share: US$_________________(or equivalent in S$/MYR________________)

	 
	Aggregate
                                            Purchase Price: US$________________(or equivalent in S$/MYR_________________)

	 
	_______________________________________

    Tax I.D.
    Number of Subscriber

     
	_______________________________________

    Signature
    of Subscriber

     

	As
                                            (check one)

    ____
    Individual

    ____
    Tenants in Common

    ____
    Existing Partnership

    ____
    Joint Tenants

    ____
    Corporation

    ____
    Trust

    ____
    Other

     
	Capacity
    in which signed: 
	Subscriber’s
                                            name and business address

    (please
    type or print)

    _______________________________________

    _______________________________________

    _______________________________________

    _______________________________________

     
	Subscriber’s
                                            mailing address

    (if
    different than business address)

    _______________________________________

    _______________________________________

    _______________________________________

    _______________________________________

     

	_______________________________________

    Tax I.D.
    Number of Co-Subscriber

    
	_______________________________________

    Signature
    of Co-Subscriber

	 	 
	As
    (check one)____
                      Individual

                                                         ____
                                            Tenants in Common

                                                         ____
                                            Existing Partnership

                                                         ____
                                            Joint Tenants

                                                         ____
                                            Corporation

                                                         ____
                                            Trust

                                                         ____
                                            Other

                                                         

                                                          

                                                         Co-Subscriber’s
                                            name and business address

    (please
    type or print)

    _______________________________________

    _______________________________________

    _______________________________________

     
	Capacity
    in which signed: 

                                                          

                                                          

                                                          

                                                          

                                                          

                                                          

                                                         

                                                          

                                                         Co-Subscriber’s
                                            mailing address

                                            (if different than business address)

    _______________________________________

    _______________________________________

    _______________________________________

     

	Accepted:

     

    UNEX
    HOLDINGS INC.

     
	 
	By:

     

    _______________________________________

     
	Date:

     

    _______________________________________

     

	Title:

    
	 

 

    	 

     

    

 

UNEX
HOLDINGS INC.

 

III.
INVESTOR QUESTIONNAIRE

 

(for
U.S. Subscribers under Regulation D)

 

    	 

     

    

 

INVESTOR
QUESTIONNAIRE 

UNEX
HOLDINGS INC.

 

Confidential
Investor Questionnaire

 

To:
UNEX HOLDINGS INC.

 

Unex
Holdings Inc., a Nevada corporation (the “Company”), is offering the investor (“Subscriber”) qualifying
under Regulation D of the Securities Act of 1933 and applicable state securities laws (the “Offering”), pursuant to
an accompanying Subscription Agreement (the “Subscription Agreement”), shares of Common Stock (the “Shares”)
for an aggregate purchase price of US$______________(or equivalent in Singapore Dollar/Malaysian Ringgit_________________).

 

A.
QUALIFIED INSTITUTIONAL BUYER STATUS

 

(Please
check the applicable subparagraphs):

 

		1.	☐
                                            Subscriber is a “qualified institutional buyer” (as defined in Rule 144A under
                                            the Securities Act of 1933, as amended (the “Securities Act”) (a “QIB”)).

 

		2.	☐
                                            Subscriber is subscribing for the Securities as a fiduciary or agent for one or more investor
                                            accounts, and each owner of such account is a QIB.

 

***
OR ***

 

B.
INSTITUTIONAL ACCREDITED INVESTOR STATUS

 

(Please
check the applicable subparagraphs):

 

		1.	☐
                                            Subscriber is an institutional “accredited investor” (within the meaning of Rule
                                            501(a) under the Securities Act), and have marked and initialed the appropriate box on the
                                            following page indicating the provision under which we qualify as an institutional “accredited
                                            investor.”
	 	 	 
	 	2.	☐
                                            Subscriber is not a natural person.

 

***
AND ***

 

    	 

     

    

 

C.
AFFILIATE STATUS

 

(Please
check the applicable box) SUBSCRIBER:

 

☐
is:

☐
is not

 

an
“affiliate” (as defined in Rule 144 under the Securities Act) of the Company or acting on behalf of an affiliate of the Company.

 

Rule
501(a), in relevant part, states that an “accredited investor” shall mean any person who comes within any of the below listed
categories, or who the issuer reasonably believes comes within any of the below listed categories, at the time of the sale of the securities
to that person. Subscriber has indicated, by marking and initialing the appropriate box below, the provision(s) below which apply to
Subscriber and under which Subscriber accordingly qualifies as an “accredited investor.”

 

		☐	Any
                                            bank as defined in section 3(a)(2) of the Securities Act, or any savings and loan association
                                            or other institution as defined in section 3(a)(5)(A) of the Securities Act whether acting
                                            in its individual or fiduciary capacity;

 

		☐	Any
                                            broker or dealer registered pursuant to section 15 of the Exchange Act;

 

		☐	Any
                                            investment adviser registered pursuant to section 203 of the Investment Advisers Act of 1940
                                            or registered pursuant to the laws of a state;

 

		☐	Any
                                            investment adviser relying on the exemption from registering with the Commission under section
                                            203(l) or (m) of the Investment Advisers Act of 1940;

 

		☐	Any
                                            insurance company as defined in section 2(a)(13) of the Securities Act;

 

		☐	Any
                                            investment company registered under the Investment Company Act or a business development
                                            company as defined in section 2(a) (48) of the Investment Company Act;

 

		☐	Any
                                            Small Business Investment Company licensed by the U.S. Small Business Administration under
                                            section 301(c) or (d) of the Small Business Investment Act of 1958;

 

		☐	Any
                                            Rural Business Investment Company as defined in section 384A of the Consolidated Farm and
                                            Rural Development Act;

 

		☐	Any
                                            plan established and maintained by a state, its political subdivisions, or any agency or
                                            instrumentality of a state or its political subdivisions for the benefit of its employees,
                                            if such plan has total assets in excess of $5,000,000;

 

		☐	Any
                                            employee benefit plan within the meaning of the Employee Retirement Income Security Act of
                                            1974 (“ERISA”), if (i) the investment decision is made by a plan fiduciary,
                                            as defined in section 3(21) of ERISA, which is either a bank, a savings and loan association,
                                            an insurance company, or a registered investment adviser, (ii) the employee benefit plan
                                            has total assets in excess of $5,000,000 or, (iii) the plan is a self-directed plan, with
                                            investment decisions made solely by persons that are “accredited investors”;

 

		☐	Any
                                            private business development company as defined in section 202(a)(22) of the Investment Advisers
                                            Act of 1940;

 

		☐	Any
                                            (i) corporation, limited liability company or partnership, (ii) Massachusetts or similar
                                            business trust, or (iii) organization described in section 501(c)(3) of the Internal Revenue
                                            Code, in each case that was not formed for the specific purpose of acquiring the securities
                                            offered and that has total assets in excess of $5,000,000;

 

    	 

     

    

 

		☐	Any
                                            trust, with total assets in excess of $5,000,000, not formed for the specific purpose of
                                            acquiring the securities offered, whose purchase is directed by a sophisticated person as
                                            described in section 230.506(b)(2)(ii) of Regulation D under the Securities Act;

 

		☐	Any
                                            entity, other than an entity described in the categories of “accredited investors”
                                            above, not formed for the specific purpose of acquiring the securities offered, owning investments
                                            in excess of $5,000,000;

 

		☐	Any
                                            “family office,” as defined under the Investment Advisers Act that satisfies
                                            all of the following conditions: (i) with assets under management in excess of $5,000,000,
                                            (ii) that is not formed for the specific purpose of acquiring the securities offered and
                                            (iii) whose prospective investment is directed by a person who has such knowledge and experience
                                            in financial and business matters that such family office is capable of evaluating the merits
                                            and risks of the prospective investment;

 

		☐	Any
                                            “family client,” as defined under the Investment Advisers Act, of a family office
                                            meeting the requirements in the previous paragraph and whose prospective investment in the
                                            issuer is directed by such family office pursuant to the previous paragraph; or

 

		☐	Any
                                            entity in which all of the equity owners are accredited investors.

 

		☐	I
                                            have an individual net worth, or joint net worth with my spouse or spousal equivalent, of
                                            more than $1,000,000 exclusive of the value of my primary residence.

 

(For
purposes of determining net worth, exclude the value of your primary residence as well as the amount of indebtedness secured by your
primary residence, up to the fair market value. Any amount in excess of the fair market value of your primary residence must be included
as a liability. In the event the indebtedness on your primary residence was increased in the 60 days preceding the completion of this
Agreement, the amount of the increase must be included as a liability in the net worth calculation. For this purpose, “joint net
worth” can be the aggregate net worth of the investor and spouse or spousal equivalent; assets need not be held jointly to be included
in the calculation. Reliance on the joint net worth standard described herein does not require that the securities be purchased jointly.
For this purpose, “spousal equivalent” means a cohabitant occupying a relationship generally equivalent to that of a spouse.)

 

		☐	I
                                            have an individual income in excess of $200,000, or joint income with my spouse or spousal
                                            equivalent in excess of $300,000, in each of the 2 most recent years and I have a reasonable
                                            expectation of reaching the same income level in the current year.

 

		☐	I
                                            hold, in good standing, 1 or more professional certifications or designations or credentials
                                            from an accredited educational institution that the SEC has designated as qualifying an individual
                                            for accredited investor status and which the SEC has posted as qualifying. (For this purpose,
                                            the SEC has posted the following qualifying professional certifications: holders in good
                                            standing of FINRA Series 7, Series 65, and Series 82 licenses.)

 

[SIGNATURE
PAGE FOLLOWS]

 

    	 

     

    

 

INVESTOR
QUESTIONNAIRE EXECUTION PAGE

 

	 	 	 
	Signature	 	Signature
    (if purchasing jointly)
	 	 	 
	 	 	 
	Name
    Typed or Printed	 	Name
    Typed or Printed
	 	 	 
	 	 	 
	Capacity
    in which siend	 	Capacity
    in which signed
	 	 	 
	 	 	 
	Entity
    Name	 	Entity
    Name
	 	 	 
	 	 	 
	Address	 	Address
	 	 	 
	 	 	 
	City,
    State and Zip Code	 	City,
    State and Zip CodeDocument

Exhibit 10.1
EXECUTION VERSION

This SECOND AMENDMENT TO THE REVOLVING CREDIT AND SECURITY AGREEMENT (this “Amendment”), dated as of August 17, 2022 (the “Amendment Date”), is entered into by and among ARCC FB FUNDING LLC, a Delaware limited liability company, as the borrower (the “Borrower”), the LENDERS party to the Revolving Credit Agreement, BNP PARIBAS, as the administrative agent (the “Administrative Agent”), ARES CAPITAL CORPORATION, a Maryland corporation, as the equityholder (in such capacity, the “Equityholder”), ARES CAPITAL CORPORATION, a Maryland corporation, as the servicer (in such capacity, the “Servicer”), and U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, as successor in interest to U.S. Bank National Association, as collateral agent (the “Collateral Agent”).

WHEREAS, the Borrower, the lenders from time to time party thereto, the Administrative Agent, the Equityholder, the Servicer and the Collateral Agent are party to the Revolving Credit and Security Agreement, dated as of June 11, 2020 (as amended from time to time prior to the date hereof, the “Revolving Credit Agreement”); and

WHEREAS, the parties hereto desire to amend the Revolving Credit Agreement, in accordance with Section 13.01(b) of the Revolving Credit Agreement subject to the terms and conditions set forth herein.

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

Definitions
SECTION 1.1.        Defined Terms.  Terms used but not defined herein have the respective meanings given to such terms in the Revolving Credit Agreement.
ARTICLE II.

Amendments to Revolving Credit Agreement

SECTION 2.1.        As of the Amendment Date, the Revolving Credit Agreement is hereby amended to delete the stricken text (indicated textually in the same manner as the following example: stricken text) and to add the bold and double-underlined text (indicated textually in the same manner as the following example: bold and double-underlined text) as set forth on the pages attached as Appendix A hereto.

SECTION 2.2.        As of the Amendment Date, Schedule 4 to the Revolving Credit Agreement is hereby amended by replacing Schedule 4 in its entirety with the pages set attached as Appendix B hereto.
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ARTICLE III.
Omnibus Amendment to Transaction Documents

SECTION 3.1.        The parties hereto acknowledge and agree that U.S. Bank Trust Company, National Association is the successor in interest to U.S. Bank National Association by an assignment from U.S. Bank National Association of its rights, interests and obligations in its roles as Secured Party or Collateral Agent, as applicable, and all Facility Documents are hereby amended to delete all references to U.S. Bank National Association in its role as Collateral Agent, and insert U.S. Bank Trust Company, National Association in lieu thereof.

ARTICLE IV.
Representations and Warranties

SECTION 4.1.        The Borrower and the Equityholder hereby represent and warrant to the Administrative Agent and the Lender that, as of the Amendment Date, (i) no Default, Event of Default, Potential Servicer Removal Event or Servicer Removal Event has occurred and is continuing and (ii) the representations and warranties of the Borrower, the Servicer and the Equityholder contained in Sections 4.01, 4.02 and 4.03 of the Revolving Credit Agreement are true and correct in all material respects on and as of the Amendment Date (other than any representation and warranty that is made as of a specific date).
ARTICLE V.

Conditions Precedent
SECTION 5.1.        This Amendment will be effective upon the satisfaction of each of the following conditions: 
(a)the execution and delivery of this Amendment by the Borrower, the Lenders, the Administrative Agent, the Equityholder and the Servicer; and
(b)all fees due and owing to the Administrative Agent and each Lender on or prior to the Amendment Date have been paid.
ARTICLE VI.

Miscellaneous
SECTION 6.1.        Governing Law. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 
									
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SECTION 6.2.        Severability Clause.  In case any provision in this Amendment is deemed to be invalid, illegal or unenforceable, the remaining provisions of this Amendment remain in full force and effect.
SECTION 6.3.        Ratification.  Except as expressly amended hereby, the Revolving Credit Agreement is in all respects ratified and confirmed and all the terms, conditions and provisions thereof will remain in full force and effect.  When effective, this Amendment will form a part of the Revolving Credit Agreement for all purposes.
SECTION 6.4.        Counterparts.  The parties hereto may sign one or more copies of this Amendment in counterparts, all of which together constitute one and the same agreement.  Delivery of an executed signature page of this Amendment by facsimile or email transmission (including electronic signature pursuant to and in accordance with the Revolving Credit Agreement) is effective as delivery of a manually executed counterpart hereof.  
SECTION 6.5.        Headings.  The headings of the Articles and Sections in this Amendment are for convenience of reference only and are not deemed to alter or affect the meaning or interpretation of any provisions hereof.
SECTION 6.6.        Direction to Execute. The Administrative Agent hereby authorizes and directs the Collateral Agent to execute this Amendment.
[Signature Pages Follow]
									
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the Amendment Date.
       
									
			BORROWER:

			
			ARCC FB FUNDING LLC

			
		By:
	/s/ Scott Lem

		Name:
	Scott Lem

		Title:
	Authorized Signatory

[Signature Page to Second Amendment to Revolving Credit and Security Agreement]

									
			EQUITYHOLDER:

			
			ARES CAPITAL CORPORATION, 
as Equityholder

			
		By:
	/s/ Scott Lem

		Name:
	Scott Lem

		Title:
	Authorized Signatory

									
			SERVICER:

			
			ARES CAPITAL CORPORATION, 
as Servicer

			
		By:
	/s/ Scott Lem

		Name:
	Scott Lem

		Title:
	Authorized Signatory

[Signature Page to Third Amendment to Revolving Credit and Security Agreement]

									
			ADMINISTRATIVE AGENT:
			
			BNP PARIBAS, 
as Administrative Agent

			
		By:
	/s/ Meredith Middleton

		Name:
	Meredith Middleton
		Title:
	Director

									
			
		By:
	/s/ Sohaib Naim

		Name:
	Sohaib Naim
		Title:
	Director

									
			LENDER:
			
			BNP PARIBAS, 
as Lender

			
		By:
	/s/ Meredith Middleton

		Name:
	Meredith Middleton
		Title:
	Director

									
			
		By:
	/s/ Sohaib Naim

		Name:
	Sohaib Naim
		Title:
	Director

[Signature Page to Third Amendment to Revolving Credit and Security Agreement]

									
			COLLATERAL AGENT:

			
			U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION
as Collateral Agent

			
		By:
	/s/ Ralph J. Creasia, Jr.

		Name:
	Ralph J. Creasia, Jr.

		Title:
	Senior Vice President

[Signature Page to Third Amendment to Revolving Credit and Security Agreement]

APPENDIX A

EXECUTION VERSION
                                            Conformed through SecondThird Amendment, dated June 29August 17, 20212022

			
	

REVOLVING CREDIT AND SECURITY AGREEMENT

Among

ARCC FB FUNDING LLC,
 as the Borrower

THE LENDERS FROM TIME TO TIME PARTIES HERETO,

BNP PARIBAS,
as Administrative Agent,

ARES CAPITAL CORPORATION, 
as Equityholder,

ARES CAPITAL CORPORATION, 
as Servicer,

and

US BANK TRUST COMPANY, NATIONAL ASSOCIATION, 
as Collateral Agent

Dated as of June 11, 2020

and

THIS AGREEMENT PROVIDES FOR AN UNCOMMITTED FACILITY. ALL ADVANCES ARE DISCRETIONARY ON THE PART OF THE LENDERS IN THEIR SOLE AND ABSOLUTE DISCRETION.

			
	

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ARTICLE XIII. MISCELLANEOUS
									
	SECTION 13.01  No Waiver; Modifications in Writing
		134
	SECTION 13.02  Notices, Etc
		135
	SECTION 13.03  Taxes
		136
	SECTION 13.04  Costs and Expenses; Indemnification
		140
	SECTION 13.05  Execution in Counterparts
		141
	SECTION 13.06  Assignability
		141
	SECTION 13.07  Governing Law
		144
	SECTION 13.08  Severability of Provisions
		144
	SECTION 13.09  Confidentiality
		144
	SECTION 13.10  Merger
		145
	SECTION 13.11  Survival
		145
	SECTION 13.12 Submission to Jurisdiction; Waivers; Etc.
		145
	SECTION 13.13  Waiver of Jury Trial
		146
	SECTION 13.14  Right of Setoff; Payments Pro Rata
		146
	SECTION 13.15  PATRIOT Act Notice
		147
	SECTION 13.16  Legal Holidays
		147
	SECTION 13.17  Non-Petition
		147
	SECTION 13.18  Waiver of Setoff
		148
	SECTION 13.19 Collateral Agent Execution and Delivery
		148
	SECTION 13.20  Acknowledgement and Consent to Bail-In of Affected Financial Institutions
		148
	SECTION 13.21  WAIVER OF SOVEREIGN IMMUNITY
		149
	SECTION 13.22  Securitisation Regulation Requirements
		149
	SECTION 13.23 Adequacy of Monetary Damages Against the Lenders
		151

SCHEDULES

									
	SCHEDULE I		Initial Individual Lender Maximum Funding Amounts and Percentages
	SCHEDULE 2		[Reserved]
	SCHEDULE 3		Initial Collateral Loans
	SCHEDULE 4		Moody’s Industry Classifications

	SCHEDULE 5		Notice Information
	SCHEDULE 6		Authorized Signatories
	SCHEDULE 7		Diversity Score
	SCHEDULE 8		[Reserved]
	SCHEDULE 9		Initial Asset List

 EXHIBITS
									
	EXHIBIT A		Form of Note

									
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REVOLVING CREDIT AND SECURITY AGREEMENT

REVOLVING CREDIT AND SECURITY AGREEMENT, dated as of June 11, 2020, among ARCC FB FUNDING LLC, a Delaware limited liability company, as borrower (the “Borrower”), the LENDERS from time to time party hereto, BNP PARIBAS (“BNP”), as administrative agent for the Secured Parties (as hereinafter defined) (in such capacity, the “Administrative Agent”), ARES CAPITAL CORPORATION, a Maryland corporation, as equityholder (in such capacity, the “Equityholder”), ARES CAPITAL CORPORATION, a Maryland corporation, as servicer (in such capacity, the “Servicer”), and U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION (“U.S. Bank”), as successor in interest to U.S. Bank National Association, as collateral agent for the Secured Parties (as hereinafter defined) (in such capacity, the “Collateral Agent”).

W I T N E S S E T H:

WHEREAS, the Borrower desires that the Lenders make advances on a revolving basis to the Borrower on the terms and subject to the conditions set forth in this Agreement; and

WHEREAS, each Lender is willing to make such advances to the Borrower on the terms and subject to the conditions set forth in this Agreement.

NOW, THEREFORE, in consideration of the premises and of the mutual covenants herein contained, the parties hereto agree as follows:

ARTICLE I

DEFINITIONS; RULES OF CONSTRUCTION; COMPUTATIONS

Section 1.01 Definitions. As used in this Agreement, the following terms shall have the meanings indicated:

“Account Control Agreement” means that certain Account Control Agreement, dated as of the Closing Date, among the Borrower, the Servicer, the Collateral Agent and U.S. Bank National Association, as Securities Intermediary, which agreement relates to the Covered Accounts.

“Adjusted Principal Balance” means, for any Eligible Collateral Loan, as of any date of determination, an amount equal to the Loan Value of such Eligible Collateral Loan as of such date multiplied by the Principal Balance of such Eligible Collateral Loan as of such date; provided that, the parties hereby agree that the Adjusted Principal Balance of any Ineligible Collateral Loan as of such date of determination shall be zero.

“Administrative Agent” has the meaning assigned to such term in the introduction to this Agreement.

purchase of Collateral Loans) and (b) after the date that is the six-month anniversary of the Closing Date, the Aggregate Adjusted Collateral Balance.

“Concentration Limitations” means, as of any date of determination, the following limitations (calculated without duplication) as applied to the Eligible Collateral Loans owned (or, in relation to a proposed purchase of an Eligible Collateral Loan, proposed to be owned, with respect to which, if such purchase results in noncompliance with the limitations, the relevant requirements must be maintained or improved after giving effect to the purchase) by the Borrower, unless a waiver is provided in writing by the Administrative Agent specifying the agreed treatment of such Collateral Loan or Concentration Limitation:

(a).not more than 15.00% of the Concentration Calculation Amount may consist of First Lien Last Out Loans or Second Lien Loans;

(b).not more than 10.00% of the Concentration Calculation Amount may consist of Second Lien Loans;

(c).(i) not more than 20.00% of the Concentration Calculation Amount may consist of Class 1 Loans and Class 2 Loans that are Cov-Lite Loans and (ii) not more than 10.00% of the Concentration Calculation Amount may consist of Class 2 Loans that are Cov-Lite Loans;

(d).not less than 80.00% of the Concentration Calculation Amount may consist of Collateral Loans denominated in Dollars;

(e).not less than 80.00% of the Concentration Calculation Amount may consist of Collateral Loans the Obligors of which have their headquarters in, a principal place of business in or are organized, formed or incorporated in the United States;

(f).not more than 10.00% of the Concentration Calculation Amount may consist of Revolving Collateral Loans or Delayed Drawdown Collateral Loans;

(g).not more than 5.00% of the Maximum Portfolio Amount may consist of Collateral Loans that are issued by any Obligor and its Affiliates, except that Collateral Loans that are issued by the two largest Obligors and their respective Affiliates may consist of up to 10.00% and 7.50% of the Maximum Portfolio Amount, respectively;

(h).not more than 7.50% of the Concentration Calculation Amount may consist of Collateral Loans that are issued by Obligors and their Affiliates that belong to any single Moody’s Industry Classification, except that (i) up to 25.00% may consist of Collateral Loans with Obligors and their Affiliates in the largest Moody’s Industry Classification, (ii) up to 20.00% may consist of Collateral Loans with Obligors and their Affiliates in the second largest Moody’s Industry Classification and, (iii) up to 15.00% may consist of Collateral Loans with Obligors and their Affiliates in the third largest Moody’s Industry Classification and (iv) up to 10.00% may consist of Collateral Loans with Obligors and their Affiliates in each of the fourth and fifth largest Industry Classifications;
									
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(i).not more than 5.00% of the Concentration Calculation Amount may consist of Fixed Rate Loans;

(j).not more than 10.00% of the Concentration Calculation Amount may consist of Partial PIK Loans; and

(k).not more than 10.00% of the Concentration Calculation Amount may consist of Recurring Revenue Loans.

“Constituent Documents” means, in respect of any Person, the certificate or articles of formation or organization, the limited liability company agreement, operating agreement, partnership agreement, joint venture agreement or other applicable agreement of formation or organization (or equivalent or comparable constituent documents) and other organizational documents and by-laws and any certificate of incorporation, certificate of formation, certificate of limited partnership and other agreement, similar instrument filed or made in connection with its formation or organization, in each case, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.

“Contribution Notice” has the meaning assigned to such term in Section 10.04(a). 
“Control” means the direct or indirect possession of the power to vote 50% or
more of the voting securities of such Person or the power to direct or cause the direction of the management or policies of a Person, whether through ownership, by contract, arrangement or understanding, or otherwise. “Controlled” and “Controlling” have the meaning correlative thereto.

“Cov-Lite Loan” means a loan that does not (I) contain any financial covenants or (II) require the related Obligor of such loan to comply with any maintenance covenant; provided that a loan described in clause (I) or (II) above that either (i) contains a cross-default provision to, or (ii) is pari passu with, another loan of the Obligor that requires the Obligor to comply with a maintenance covenant will be deemed not to be a Cov-Lite Loan. For the avoidance of doubt, a loan that is capable of being described in clause (I) or (II) above only (x) until the expiration of a period of twelve months or less after the initial issuance thereof or (y) for so long as there is no funded balance in respect thereof, in each case as set forth in the applicable Related Documents, will be deemed not to be a Cov-Lite Loan.

“Covered Account” means each of the Collection Accounts (including the Interest Collection Subaccount, the Principal Collection Subaccount, the CAD Collection Account, the EUR Collection Account and the GBP Collection Account), the Payment Account, the Collateral Account, the Revolving Reserve Account and any other account established by the Borrower at the Securities Intermediary with the consent of the Administrative Agent and subject to the Lien of the Collateral Agent and subject to an agreement establishing “control” (as used in the UCC) over such account in favor of the Collateral Agent pursuant to the terms of the Facility Documents.

“Custodian” means U.S. Bank National Association in its capacity as custodian under the Custodian Agreement, and any successor thereto under the Custodian Agreement.
									
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her service as an Independent Director or officer of the Borrower or any other Affiliates that are structured to be “bankruptcy remote”); (iii) a Person controlling or under common control with any partner, shareholder, member, manager, Affiliate or supplier of the Borrower or any Affiliate of the Borrower or (iv) any member of the immediate family of a person described in clauses (i),
(ii) or (iii); and (B) has (i) prior experience as an independent director for a Person whose charter documents required the consent of the independent director thereof before such Person could consent to the institution of bankruptcy or insolvency proceedings against it or could file a petition seeking relief under any applicable federal or state law relating to bankruptcy and (ii) at least three years of employment experience with one or more entities that provide, in the ordinary course of their respective businesses, advisory, management or placement services to issuers of securitization or structured finance instruments, agreements or securities.

“Individual Lender Maximum Funding Amount” means, as to each Lender on any date of determination, the maximum amount of Advances to the Borrower that may be lent by such Lender pursuant to Section 2.01 in an aggregate principal amount at any one time outstanding for such Lender up to but not exceeding the amount applicable to such Lender on such date of determination as specified on Schedule 1 or in the Assignment and Acceptance pursuant to which such Lender shall have assumed its Individual Lender Maximum Funding Amount, as applicable, as such amount may be reduced from time to time pursuant to Section
2.07 or increased or reduced from time to time pursuant to assignments effected in accordance with Section 13.06(a).

“Industry Classification” means the industry classifications set forth in Schedule 4 hereto, including, at the Servicer’s request, any modifications that may be made thereto or additional categories that may be subsequently established by reference to the Global Industry Classification Standard codes. The determination of which Industry Classification to which an Obligor belongs shall be made in good faith by the Servicer.

“Ineligible Collateral Loan” means, at any time, a Collateral Loan or any portion thereof, that fails to satisfy any criteria of the definition of Eligible Collateral Loan as of the date when such criteria are applicable (other than any criteria that has been waived pursuant to the definition thereof); it being understood that such criteria in the definition of Eligible Collateral Loan that is specified to be applicable only as of the date of acquisition of such Collateral Loan shall not be applicable after the date of acquisition of such Collateral Loan.

“Initial AUP Report Date” has the meaning assigned to such term in Section
8.09(a).

“Insolvency Event” means, with respect to a specified Person, (a) the filing of a decree or order for relief by a court having jurisdiction in the premises in respect of such Person or any substantial part of its property in an involuntary case under the Bankruptcy Code or any other applicable insolvency law now or hereafter in effect, or appointing a receiver, liquidator, assignee, custodian, trustee, sequestrator or similar official for such Person or for any substantial part of its property, or ordering the winding-up or liquidation of such Person’s affairs, and such decree or order shall remain unstayed and in effect for a period of sixty (60) consecutive days; or (b) the commencement by such Person of a voluntary case under the Bankruptcy Code or any other applicable insolvency law now or hereafter in effect, or the consent by such Person to the
									
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“Minimum OC Coverage Test” means, as of any date, a test that is satisfied if the OC Ratio as of such date is equal to or greater than 1.00:1.00.
“Money” has the meaning specified in Section 1-201(24) of the UCC. “Moody’s” means Moody’s Investors Service, Inc., together with its successors. “Moody’s Industry Classification” means the industry classifications set forth in
Schedule 4 hereto, as such industry classifications shall be updated at the option of the Servicer if Moody’s publishes revised industry classifications. The determination of which Moody’s Industry Classification to which an Obligor belongs shall be made in good faith by the Servicer.

“Multiemployer Plan” means a “multiemployer plan” within the meaning of Section 4001(a)(3) of ERISA that is sponsored by the Borrower or a member of its ERISA Group or to which the Borrower or a member of its ERISA Group is obligated to make contributions or has any liability.

“Net-Debt-to-Recurring-Revenue Ratio” means, with respect to any Collateral Loan for any period, the meaning of “Net-Debt-to-Recurring-Revenue Ratio” or any comparable term defined in the Related Documents for such Collateral Loan, and in any case that “Net-Debt-to-Recurring-Revenue Ratio” or such comparable term is not defined in such Related Documents, the ratio of (a) indebtedness of the related Obligor under such Collateral Loan and all other indebtedness of such Obligor that is senior or pari passu in right of payment to such Collateral Loan minus Unrestricted Cash and cash equivalents to (b) TTM Recurring Revenue, as calculated by the Servicer in good faith in accordance with the Servicing Standard using information from and calculations consistent with the relevant compliance statements and financial reporting packages provided by the relevant Obligor as per the requirements of the Related Documents; provided that, in the event of a lack of any such information necessary to calculate  the  Net-Debt-to-Recurring-Revenue  Ratio  for  any  Collateral  Loan,  the Net-Debt-to-Recurring-Revenue Ratio for such Collateral Loan shall be a ratio calculated by the Administrative Agent in its sole discretion after consultation with the Servicer or, if agreed to by the Administrative Agent, by the Servicer in good faith in accordance with the Servicing Standard.

“Non-Approval Event” means an event that (x) will be deemed to have occurred if the ratio (measured on a rolling three-month basis) of (i) the number or Dollar amount of Approval Requests for loans that satisfy the requirements of an Eligible Collateral Loan rejected by the Administrative Agent over (ii) the total number or aggregate Dollar amount of Approval Requests is greater than 70% and (y) will be continuing until the conditions set forth in clause
(x) of this definition are no longer true; provided that, until ten (10) loans have been submitted for approval to the Administrative Agent by the Servicer, the ratio of clause (x)(i) over clause (x)(ii) shall be deemed to be zero.

“Note” means each promissory note, if any, issued by the Borrower to a Lender in accordance with the provisions of Section 2.04(b), substantially in the form of Exhibit A.

“Notice of Borrowing” has the meaning assigned to such term in Section 2.03(a).
									
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“Secured Parties” means the Administrative Agent, the Collateral Agent, the Custodian, each Lender and the Securities Intermediary.

“Securities Act” means the Securities Act of 1933 and the rules and regulations promulgated thereunder, all as from time to time in effect.

“Securities Intermediary” means U.S. Bank National Association in its capacity as Securities Intermediary under the Account Control Agreement and any other entity as defined in Section 8-102(a)(14) of the UCC.

“Securitisation Regulation” means Regulation (EU) 2017/2402.

“Security Entitlement” has the meaning specified in Section 8-102(a)(17) of the UCC.

“Senior Net Leverage Ratio” means, with respect to any Collateral Loan for any
Relevant Test Period, the meaning of “Senior Net Leverage Ratio” or any comparable term defined in the Related Documents for such Collateral Loan, and in any case that “Senior Net Leverage Ratio” or such comparable term is not defined in such Related Documents, the ratio of
(a) total indebtedness of the Obligor (other than indebtedness of such Obligor that is junior in terms of lien subordination to indebtedness of such Obligor held by the Borrower) minus Unrestricted Cash and cash equivalents to (b) EBITDA as calculated by the Servicer in accordance with the Servicing Standard.

“Servicer” means Ares Capital Corporation, in its capacity as servicer hereunder and any successor thereto in accordance herewith.

“Servicer Expense Cap” means, for any Payment Date, an amount not to exceed
$75,000 during any twelve (12) month period.

“Servicer Expenses” means the out-of-pocket expenses incurred by the Servicer in connection with the Facility Documents.

“Servicer Fee” means, for any Collection Period, an amount equal to the product of (i) 0.50% per annum multiplied by (ii) the Fee Basis Amount (calculated on the basis of a 360-day year and the actual number of days elapsed in the related Collection Period).

“Servicer Removal Event” means any one of the following events:

(a).except as set forth in another clause of this definition, the Servicer breaches in any material respect any covenant or agreement applicable to it under this Agreement or any other Facility Document to which it is a party (it being understood that failure to meet the Minimum OC Coverage Test, any Concentration Limitation or the Collateral Quality Test is not a breach under this clause (a)), and, if capable of being cured, is not cured within 30 days of the earlier of (i) a Responsible Officer of the Servicer acquiring actual knowledge of such breach or (ii) the Servicer receiving written notice from either Agent of such breach;

									
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Documents. If no successor Collateral Agent shall have been appointed and an instrument of acceptance by a successor Collateral Agent shall not have been delivered to the Collateral Agent within sixty days after giving of notice of resignation by the Collateral Agent, the resigning Collateral Agent may petition any court of competent jurisdiction for the appointment of a successor Collateral Agent.

(b).Any Person (i) into which the Collateral Agent may be merged or consolidated, (ii) that may result from any merger or consolidation to which the Collateral Agent shall be a party, or (iii) that may succeed to all or substantially all of the corporate trust properties and assetsbusiness of the Collateral Agent substantially as a whole, shall be the successor to the Collateral Agent under this Agreement without further act of any of the parties to this Agreement.

Section 12.06 The Collateral Agent.     (a)    The Collateral Agent shall have no liability for losses arising from (i) any cause beyond its control, (ii) any delay, error, omission or default of any mail, telegraph, cable or wireless agency or operator, or (iii) the acts or edicts of any government or governmental agency or other group or entity exercising governmental powers.

(b).It is expressly acknowledged and agreed that the Collateral Agent is not guaranteeing the performance of or assuming any liability for the obligations of the other parties hereto or any portion of the Collateral.

(c).The Collateral Agent shall not be responsible for the preparation or filing of any UCC financing statements or continuation statements or the correctness of any financing statements filed in connection with this Agreement or the validity or perfection of any lien or security interest created pursuant to this Agreement.

(d).The Collateral Agent shall not be liable for interest on any money received by it except as the Collateral Agent may agree in writing with the Borrower. In no event shall the Collateral Agent be liable for the selection of any investments or any losses in connection therewith (except in its capacity as obligor thereunder, if applicable), or for any failure of the relevant party to provide investment instruction to the Collateral Agent in connection with the investment of funds in or from any account set forth herein.

(e).The Collateral Agent shall have no liability for any failure, inability or unwillingness on the part of the Servicer, the Borrower or the Administrative Agent to provide accurate and complete information on a timely basis to the Collateral Agent, or otherwise on the part of any such party to comply with the terms of this Agreement, and shall have no liability for any inaccuracy or error in the performance or observance on the Collateral Agent’s part of any of its duties hereunder that is caused by or results from any such inaccurate, incomplete or untimely information received by it, or other failure on the part of any such other party to comply with the terms hereof.

(f).The Collateral Agent shall not be bound to make any investigation into the facts or matters stated in any certificate, report or other document or electronic communication; provided, however, that, if the form thereof is prescribed by this Agreement, the Collateral
									
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Agent shall examine the same to determine whether it conforms on its face to the requirements hereof. The Collateral Agent shall not be deemed to have knowledge or notice of any matter unless actually known to a Responsible Officer. It is expressly acknowledged by the Borrower, the Servicer, the Lenders and the Administrative Agent that performance by the Collateral Agent of its various duties hereunder (including recalculations to be performed in respect of the matters contemplated hereby) shall be based upon, and in reliance upon, data, information and notices provided to it by the Servicer (and/or the Borrower) and/or any related bank agent, obligor or similar party with respect to the Collateral, and the Collateral Agent shall have no responsibility for the accuracy of any such information or data provided to it by such persons and shall be entitled to update its records (as it may deem necessary or appropriate). Nothing herein shall impose or imply any duty or obligation on the part of the Collateral Agent to verify, investigate or audit any such information or data, or to determine or monitor on an independent basis whether any issuer of the Collateral is in default or in compliance with the underlying documents governing or securing such item of Collateral, from time to time.

(g).The Collateral Agent shall have no duty to determine or inquire into the happening or occurrence of any event or contingency, and it is agreed that its duties hereunder are purely ministerial in nature.

(h).Should any controversy arise between the undersigned with respect to the Collateral held by the Collateral Agent, the Collateral Agent shall follow the instructions of the Administrative Agent on behalf of the Secured Parties (provided that to the extent practicable, the Collateral Agent shall provide written notice of such controversy to the Servicer).

(i).The powers conferred on the Collateral Agent hereunder are solely to protect its interest (on behalf of the Secured Parties) in the Collateral and shall not impose any duty on it to exercise any such powers. Except for performing the obligations expressly imposed on the Collateral Agent hereunder, the Collateral Agent shall have no duty as to any Collateral or responsibility for ascertaining or taking action with respect to calls, conversions, exchanges, maturities, tenders or other matters relative to any Collateral, whether or not the Collateral Agent has or is deemed to have knowledge of such matters or taking any steps to preserve rights against prior parties or other rights pertaining to any Collateral.

(j).In order to comply with the laws, rules, regulations and executive orders in effect from time to time applicable to banking institutions, including those relating to the funding of terrorist activities and money laundering, the Collateral Agent may be required to obtain, verify and record certain information relating to individuals and entities which maintain a business relationship with the Collateral Agent. Accordingly, each of the parties hereto agrees to provide to the Collateral Agent upon its request from time to time such identifying information and documentation as may be available to such party in order to enable the Collateral Agent to comply with such requirements.

(k).If U.S. Bank, U.S. Bank National Association or the Collateral Agent is also acting in another capacity, including as Custodian or Securities Intermediary, the rights, protections, immunities and indemnities afforded to U.S. Bank, U.S. Bank National Association or the Collateral Agent pursuant to this Article XII shall also be afforded to U.S. Bank, U.S. Bank National Association or the Collateral Agent acting in such capacities; provided that such
									
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rights, protections, benefits, immunities and indemnities shall be in addition to, and not in limitation of, any rights, protections, benefits, immunities and indemnities provided in the Custodian Agreement, Account Control Agreement or any other Facility Documents to which
U.S. Bank, U.S. Bank National Association or the Collateral Agent in such capacity is a party.

(l).The Collateral Agent shall not have any obligation to determine if a Collateral Loan meets the criteria specified in the definition of Eligible Collateral Loan or if the requirements set forth in the definition of “Deliver” have been satisfied.

(m).The Collateral Agent shall not be under any obligation (i) to monitor, determine or verify the unavailability or cessation of LIBOR (or any other applicable index, floating rate, interest rate or Benchmark Replacement), or whether or when there has occurred, or to give notice to any other transaction party of the occurrence of, any Benchmark Replacement Date, Benchmark Transition Event, Benchmark Unavailability Period or Early Opt-In Election, (ii) to select, determine or designate any Benchmark Replacement or other alternate benchmark rate, or other successor or replacement rate, or whether any conditions to the designation of such a rate have been satisfied, or (iii) to select, determine or designate any Benchmark Replacement Adjustment or other modifier to any Benchmark Replacement or other replacement or successor rate or index, or (iv) to determine whether or what Benchmark Replacement Conforming Changes are necessary or advisable, if any, in connection with any of the foregoing.

(n).The Collateral Agent shall not be liable for any inability, failure or delay on its part to perform any of its duties set forth in this Agreement as a result of the unavailability of LIBOR (or any Benchmark Replacement or other applicable index, floating rate or other Interest Rate) and absence of any Benchmark Replacement or other replacement index or floating rate, including as a result of any inability, delay, error or inaccuracy on the part of any other transaction party, including without limitation the Administrative Agent, the Borrower or the Servicer, in providing any direction, instruction, notice or information required or contemplated by the terms of this Agreement and reasonably required for the performance of such duties.

ARTICLE XIII MISCELLANEOUS
Section 13.01 No Waiver; Modifications in Writing. (a) No failure or delay on
the part of any Secured Party exercising any right, power or remedy hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right, power or remedy preclude any other or further exercise thereof or the exercise of any other right, power or remedy. Any waiver of any provision of this Agreement or any other Facility Document, and any consent to any departure by any party to this Agreement or any other Facility Document from the terms of any provision of this Agreement or such other Facility Document, shall be effective only in the specific instance and for the specific purpose for which given. No notice to or demand on the Borrower or the Servicer in any case shall entitle the Borrower or the Servicer to any other or further notice or demand in similar or other circumstances.

									
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Each of U.S. Bank and U.S. Bank National Association in each of itstheir respective capacities under the Facility Documents agrees to accept and act upon instructions or directions pursuant to this Agreement, any other Facility Document, or any Related Document or any document executed in connection herewith or therewith sent by unsecured email, facsimile transmission or other similar unsecured electronic methods; provided, however, that any person providing such instructions or directions shall provide to U.S. Bank or U.S. Bank National Association an incumbency certificate listing persons designated to provide such instructions or directions as such incumbency certificate may be supplemented from time to time. If any person elects to give U.S. Bank or U.S. Bank National Association email or facsimile instructions (or instructions by a similar electronic method) and U.S. Bank or U.S. Bank National Association, as applicable in its discretion elects to act upon such instructions, U.S. Bank’s or U.S. Bank National Association’s reasonable understanding of such instructions shall be deemed controlling. U.S. Bank and U.S. Bank National Association shall not be liable for any losses, costs or expenses arising directly or indirectly from U.S. Bank’s or U.S. Bank National Association’s reliance upon and compliance with such instructions notwithstanding such instructions conflicting with or being inconsistent with a subsequent written instruction. Any person providing such instructions or directions acknowledges and agrees that there may be more secure methods of transmitting such instructions than the method(s) selected by it and agrees that the security procedures (if any) to be followed in connection with its transmission of such instructions provide to it a commercially reasonable degree of protection in light of its particular needs and circumstances.

In addition to all other instruction methods permitted under this Agreement, the Borrower hereby directs U.S. Bank in each of its capacities under the Facility Documents to accept instructions sent pursuant to secure financial messaging services provided by SWIFT, which shall constitute instructions from the Borrower (or the Servicer on behalf of the Borrower) for all purposes hereunder. The Borrower instructs U.S. Bank to accept and process SWIFT transmissions initiated by the Borrower or the Servicer on its behalf to the same extent that written wire transfer instructions are accepted and processed by U.S. Bank. U.S. Bank in each of its capacities under the Facility Documents may conclusively rely on SWIFT transmissions to release payments as instructed, subject to any verification of information as requested by U.S. Bank in such capacity, including the call back process to an individual designated by the Borrower or the Servicer as authorized to provide such verification. U.S. Bank may also request, and the Borrower or the Servicer will provide, an additional signed direction (whether by manual, facsimile, PDF or other electronic signature) in order for U.S. Bank to make such payment in connection with any SWIFT transmission. For purposes of compliance with any incumbency certificate of the Borrower or the Servicer, all instructions received by U.S. Bank through the methodology described herein shall be deemed in compliance with the procedures outlined therein (to the extent applicable).

Section 13.03 Taxes. (a) Any and all payments by or on account of any obligation of the Borrower under any Facility Document shall be made without deduction or withholding for any and all Taxes with respect thereto, unless required by Applicable Law. If any Applicable Law (as determined in the good faith discretion of the Borrower or Administrative Agent) requires the deduction or withholding of any Tax from any such payment by the Borrower or the Administrative Agent, then the Borrower or the Administrative Agent shall be entitled to make
									
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			U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION
as Collateral Agent

			
		By:
	
		Name:
	
		Title:
	

									
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APPENDIX B

SCHEDULES

									
	Asset Type Code		Asset Type Description
	1020000		Energy Equipment & Services
	1030000		Oil, Gas & Consumable Fuels
	1033403		Mortgage Real Estate Investment Trusts (REITs)
	2020000		Chemicals
	2030000		Construction Materials
	2040000		Containers & Packaging
	2050000		Metals & Mining
	2060000		Paper & Forest Products
	3020000		Aerospace & Defense
	3030000		Building Products
	3040000		Construction & Engineering
	3050000		Electrical Equipment
	3060000		Industrial Conglomerates
	3070000		Machinery
	3080000		Trading Companies & Distributors
	3110000		Commercial Services & Supplises
	3210000		Air Freight & Logistics
	3220000		Airlines
	3230000		Marine
	3240000		Road & Rail
	3250000		Transportation Infrastructure
	4011000		Auto Components
	4020000		Automobiles
	4110000		Household Durables
	4120000		Leisure Products
	4130000		Textiles, Apparel & Luxury Goods
	4210000		Hotels, Restaurants & Leisure
	4310000		Media
	4310001		Entertainment
	4310002		Interactive Media and Services
	4410000		Distributors
	4420000		Internet and Direct Marketing Retail
	4430000		Multiline Retail
	4440000		Specialty Retail
	5020000		Food & Staples Retailing
	5110000		Beverages

									
		Sch. 4-1	

									
	5130000		Tobacco
	5210000		Household Products
	5220000		Personal Products
	6020000		Healthcare Equipment & Supplies
	6030000		Healthcare Providers & Services
	6110000		Biotechnology
	6120000		Pharmaceuticals
	7011000		Banks
	7020000		Thrifts & Mortgage Finance
	7110000		Diversified Financial Services
	7120000		Consumer Finance
	7130000		Capital Markets
	7210000		Insurance
	7310000		Real Estate Management & Development
	7311000		Equity Real Estate Investment Trusts (REITs)
	8030000		IT Services
	8040000		Software
	8110000		Communications Equipment
	8120000		Technology Hardware, Storage & Peripherals
	8130000		Electronic Equipment, Instruments & Components
	8210000		Semiconductors & Semiconductor Equipment
	9020000		Diversified Telecommunication Services
	9030000		Wireless Telecommunication Services
	9520000		Electric Utilities
	9530000		Gas Utilities
	9540000		Multi-Utilities
	9550000		Water Utilities
	9551701		Diversified Consumer Services
	9551702		Independent Power and Renewable Electricity Producers
	9551727		Life Sciences Tools & Services
	9551729		Healthcare Technology
	9612010		Professional Services

									
		Sch. 4-2

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