Document:

Exhibit
10.9 

Dated
August 16, 2021

 

J.DISTRII
GLOBAL LIMITED

as the Mortgagor

 

and

 

CITY
CONNECTED COMMUNITIES PTE. LTD.

as
the Mortgagee

 

 

 

EQUITABLE
SHARE MORTGAGE

 

(in
respect of shares held by the Mortgagor in AgiiPlus Inc.)

 

 

 

		Warning:
                                            Stamp Duty will be payable if an original of this document is brought into the Cayman Islands	 

 

DPN/175746.00003

 

 

 

     

     

    

 

Contents

 

	Clause	 	Page
	 	 	 	 
	1	Definitions and Interpretation	 	2
	2	Payment of Secured Obligations	 	6
	3	Security	 	6
	4	Perfection of Security	 	6
	5	Delivery of Documents	 	7
	6	Further Assurance	 	9
	7	Restrictions on Dealings	 	10
	8	Operations Before and After Enforcement	 	11
	9	Enforcement of Security	 	12
	10	Powers of Sale	 	13
	11	Appointment of Receiver	 	14
	12	Powers of Receiver	 	14
	13	Application of Monies	 	17
	14	Receipt and Protection of purchasers	 	18
	15	Power of Attorney	 	18
	16	Representations	 	19
	17	Effectiveness of Security	 	20
	18	Release of Security	 	23
	19	Subsequent and Prior Security Interests	 	23
	20	Discretion and Delegation	 	24
	21	Changes to Parties	 	24
	22	Fees, costs and expenses	 	24
	23	Indemnity	 	25
	24	Conversion of currency	 	25
	25	Set-off	 	25
	26	Amendment and waiver	 	25
	27	Certificate of Secured Party	 	26
	28	Notices	 	26
	29	Counterparts	 	26
	30	Governing Law	 	26
	31	Jurisdiction	 	26
	Schedule 1	 	28
	Schedule 2	 	29
	Schedule 3	 	31
	Schedule 4	 	32
	Schedule 5	 	33
	Schedule 6	 	35

 

    1

     

    

 

THIS
DEED OF EQUITABLE SHARE MORTGAGE is made on August 16, 2021

 

Between

 

		1	J.DISTRII
                                            GLOBAL LIMITED, a BVI business company with limited liability incorporated under the
                                            laws of the British Virgin Islands with company number 2071655 and having its registered
                                            office at Ritter House, Wickhams Cay II, PO Box 3170, Road Town, Tortola, VG1110, British
                                            Virgin Islands (the Mortgagor);

 

and

 

		2	CITY
                                            CONNECTED COMMUNITIES PTE. LTD., a private company incorporated in the Republic of Singapore,
                                            whose registered office is 9 RAFFLES PLACE #12-01 REPUBLIC PLAZA SINGAPORE 048619 (the Mortgagee,
                                            which expression shall include its successors, assigns and transferees).

 

RECITALS:

 

		A.	This
                                            Deed is entered into in connection with the Note (as defined below) and the Share Repurchase
                                            Agreement (as defined below).

 

		B.	The
                                            board of directors of the Mortgagor is satisfied that entering into this Deed is for the
                                            purposes and to the benefit of the Mortgagor and its business.

 

		C.	The
                                            Mortgagee and the Mortgagor intend this document to take effect as a deed even though a party
                                            may only execute this document under hand.

 

		D.	The
                                            Company plans to enter into a business combination agreement (the “Business Combination
                                            Agreement”) with a Special Purpose Acquisition Company already listed in a stock
                                            exchange in the United States (“SPAC”) and certain other parties and,
                                            to achieve listing on the relevant stock exchange through merger with the SPAC.

 

NOW
THIS DEED WITNESSES as follows:

 

		1	Definitions
                                            and Interpretation

 

		1.1	Definitions

 

Business
Day means a day (other than a Saturday or Sunday or a public holiday) on which banks are open for general business in the United
States of America, the Hong Kong Special Administrative Region and the People’s Republic of China (excluding, for this purpose,
the Hong Kong Special Administrative Region, the Macau Special Administrative Region and Taiwan).

 

BVI
Act means the BVI Business Companies Act, 2004 (as amended) of the British Virgin Islands.

 

Collateral
Rights means all rights, powers and remedies of the Mortgagee or any Receiver (or any Delegate pursuant to this Deed or the Finance
Documents) provided by or pursuant to this Deed or by law.

 

    2

     

    

 

Companies
Act means the Companies Act (Revised) of the Cayman Islands.

 

Company
means AgiiPlus Inc., an exempted company incorporated under the laws of the Cayman Islands with company number 371912 and its registered
office at 89 Nexus Way, Camana Bay, Cayman Islands.

 

Delegate
means any delegate or sub-delegate appointed under Clause 20.2 (Delegation).

 

Event
of Default has the meaning given to it in the Note and Clause 4 (Perfection of Security).

 

Initial
Shares means the 3,097,893 ordinary shares in the Company with par value US$0.0001 registered in the name of the Mortgagor and represented
by share certificate number 16.

 

Finance
Documents means this Deed, the Note and the Share Repurchase Agreement.

 

Note
means the convertible promissory note to be executed by the Company as issuer of the note and the Mortgagee as holder of the note
at the Repurchase Closing.

 

Obligors
means the Mortgagor and the Company.

 

Mortgaged
Property means the Shares and the Related Rights.

 

Quasi
Security means an arrangement or transaction under which the Mortgagor will:

 

		(a)	sell,
                                            transfer or otherwise dispose any Mortgaged Property on terms whereby they are or may be
                                            leased to or re-acquired by any Obligor;

 

		(b)	sell,
                                            transfer or otherwise dispose of any of its receivables on recourse terms;

 

		(c)	enter
                                            into any arrangement under which money or the benefit of a bank or other account may be applied,
                                            set-off or made subject to a combination of accounts; or

 

		(d)	enter
                                            into any other preferential arrangement having a similar effect,

 

in
circumstances where the arrangement or transaction is entered into primarily as a method of raising Indebtedness or of financing acquisition
of an asset

 

Receiver
means an administrative receiver or receiver and manager or a receiver of the whole or any part of the Mortgaged Property and that
term will include any appointee under a joint and/or several appointment.

 

Repurchase
Closing shall have the meaning ascribed to the term “Closing” in the Share Repurchase Agreement.

 

Register
of Members means the Register of Members of the Company (including any applicable branch register and non-listed shares register)
maintained by the Company in accordance with the Companies Act.

 

    3

     

    

 

Restrictions
Notice means a restrictions notice as defined in section 244(1) of the Companies Act.

 

Related
Rights means:

 

		(a)	any
                                            proceeds of sale, transfer, redemption, substitution, exchange, conversion or other disposal,
                                            or agreement for sale, transfer, redemption, substitution, exchange, conversion or other
                                            disposal, of;

 

		(b)	any
                                            moneys or proceeds paid or payable (including interest and dividends) deriving from;

 

		(c)	any
                                            rights (including to securities), claims, guarantees, indemnities, security or covenants
                                            for title in relation to;

 

		(d)	any
                                            awards or judgments in favour of the Mortgaged Property in relation to;

 

		(e)	any
                                            certificate or other evidence of title to;

 

		(f)	all
                                            other rights, powers, benefits and privileges, present and future, which the Mortgagor may
                                            have in respect of; and

 

		(g)	any
                                            other assets or property deriving from,

 

the
Shares.

 

Secured
Obligations means all present and future obligations and liabilities (whether actual or contingent and whether owed jointly or severally
or in any other capacity whatsoever) of each Obligor to the Secured Parties under each Finance Document.

 

Secured
Party means the Mortgagee, any Receiver and any Delegate.

 

Security
means a mortgage, charge, pledge, lien or other security interest securing any obligation of any person or any other agreement or
arrangement having a similar effect.

 

Security
Period means the period beginning on the date of this Deed and ending on the earlier of (i) the closing of the transactions contemplated
in the Business Combination Agreement (if and only if the closing occurs on or before 30 June 2022 or such later date mutually agreed
by the Mortgagee and the Company in writing); (ii) the date on which all the Secured Obligations have been unconditionally and irrevocably
paid and discharged in full.

 

Share
Repurchase Agreement means the Share Repurchase Agreement entered into by the Company and the Mortgagee dated August 16, 2021.

 

Shares
means:

 

		(a)	the
                                            Initial Shares; and 

 

		(b)	any
                                            shares acquired in respect of Initial Shares by reason of a division or combination of shares,
                                            share dividend, reclassification or otherwise.

 

    4

     

    

 

		1.2	Construction

 

In
this Deed:

 

		(a)	any
                                            reference to a Recital, Clause or Schedule is to the relevant Recital, Clause or Schedule
                                            of or to this Deed;

 

		(b)	the
                                            Recitals and Schedules form part of this Deed and shall have effect as if set out in full
                                            in the body of this Deed and any reference to this Deed includes the Recitals and Schedules;
                                            

 

		(c)	the
                                            clause headings are included for convenience only and shall not affect the interpretation
                                            of this Deed;

 

		(d)	use
                                            of the singular includes the plural and vice versa;

 

		(e)	use
                                            of any gender includes the other gender;

 

		(f)	any
                                            phrase introduced by the terms “including”, “include”, “in
                                            particular” or any similar expression shall be construed as illustrative and shall
                                            not limit the sense of the words preceding those terms;

 

		(g)	indebtedness
                                            due, owing or incurred under the Note shall include all moneys, obligations and liabilities
                                            due, owing or incurred in respect of any variations or increases in the amount or composition
                                            of the facilities provided for therein or the obligations and liabilities imposed thereunder
                                            however fundamental; 

 

		(h)	no
                                            person shall be found to have committed actual fraud or willful default under this Deed unless
                                            or until a court of competent jurisdiction shall have made a finding to that effect; 

 

		(i)	references
                                            to a “person” shall be construed so as to include any individual, firm, company
                                            or other body corporate, government, state or agency of a state, local or municipal authority
                                            or government body or any joint venture, association or partnership (whether or not having
                                            separate legal personality); and in each case, its successors and assigns and persons deriving
                                            title under or through it, in whole or in part, and any person which replaces any party to
                                            any document in its respective role thereunder, whether by assuming the rights and obligations
                                            of the party being replaced or whether by executing a document in or substantially in the
                                            form of the document it replaces;

 

		(j)	any
                                            reference in this Deed to a Finance Document or any other agreement or instrument is a reference
                                            to that Finance Document or other agreement or instrument as amended, novated, supplemented,
                                            extended, restated (however fundamentally and whether or not more onerously) or replaced
                                            and includes any change in the purpose of, any extension of or any increase in any facility
                                            or the addition of any new facility under that Finance Document or other agreement or instrument
                                            in any other manner whatsoever; and 

 

		(k)	in
                                            relation to an Event of Default, “continuing” means that the relevant Event of
                                            Default and has not been waived in writing by the Mortgagee.

 

    5

     

    

 

		1.3	Third
                                            Party Rights

 

		(a)	Unless
                                            expressly provided to the contrary in this Deed, a person who is not a party to this Deed
                                            (other than any Secured Party, Receiver, or Delegate) has no right under the Contracts (Rights
                                            of Third Parties) Act, 2014 to enforce or enjoy the benefit of any term of this Deed.

 

		(b)	Notwithstanding
                                            any terms of this Deed, the consent of any third party is not required for any variation
                                            (including any release or compromise of any liability under) or termination of this Deed.

 

		2	Payment
                                            of Secured Obligations

 

The
Mortgagor hereby covenants with the Mortgagee that it shall on demand pay and discharge each of the Secured Obligations on its due date
as provided for in the Finance Documents.

 

		3	Security

 

		(a)	As
                                            legal and beneficial owner and as continuing security for the due and prompt discharge and
                                            payment of the Secured Obligations, the Mortgagor hereby:

 

		(i)	mortgages
                                            in favour of the Mortgagee by way of a first equitable mortgage all its right, title and
                                            interest in and to the Shares; and

 

		(ii)	charges
                                            in favour of the Mortgagee, by way of a first fixed charge, all of its right, title and interest
                                            in and to the Shares and all Related Rights in relation thereto including all benefits, present
                                            and future, actual and contingent accruing in respect of the Shares and all Related Rights
                                            (to the extent not effectively mortgaged under Clause 3(a)(i)).

 

		(b)	The
                                            Mortgagor hereby authorises the Mortgagee to arrange at any time after the occurrence of
                                            an Event of Default which is continuing for the Mortgaged Property or any part thereof to
                                            be registered in the name of the Mortgagee (or its nominee) thereupon to be held, as so registered,
                                            subject to the terms of this Deed and at the request of the Mortgagee, the Mortgagor shall
                                            without delay procure that the foregoing shall be done.

 

		4	Perfection
                                            of Security

 

		(a)	The
                                            Mortgagor shall as soon as practicable after the Repurchase Closing procure that the following
                                            notation to be entered on the Register of Members (and in any event within five Business
                                            Days of the Repurchase Closing):

 

“The
3,097,893 shares issued and registered in the name of J.distrii Global Limited represented by share certificate number 16 are
mortgaged and charged in favour of City Connected Communities Pte. Ltd. and its successors permitted transferees and permitted assigns
as mortgagee pursuant to an equitable share mortgage dated August 16, 2021, as amended from time to time.The date that this annotation
is made is [Date].”

 

    6

     

    

 

		(b)	The
                                            Mortgagor shall provide the Mortgagee with a certified true copy of an extract of the Register
                                            of Members with the annotation referred to in paragraph (a) above as soon as practicable
                                            after such annotation is entered on the Register of Members (and in any event within five
                                            Business Days of the Repurchase Closing).

 

		(c)	The
                                            Mortgagor shall:

 

		(i)	immediately
                                            after the Repurchase Closing, instruct its registered agent to create and maintain a register
                                            of charges for the Mortgagor in accordance with section 162 of the BVI Act (the Register
                                            of Charges) to the extent that this has not already been done;

 

		(ii)	immediately
                                            after the Repurchase Closing, enter particulars as required by the BVI Act of the Security
                                            created pursuant to this Deed in the Register of Charges and immediately after entry of such
                                            particulars has been made, and in any event within five (5) Business Days of the date of
                                            the Repurchase Closing, provide the Mortgagee with a certified true copy of the updated Register
                                            of Charges;

 

		(iii)	immediately
                                            after the Repurchase Closing effect registration, or assist the Mortgagee in effecting registration,
                                            of this Deed with the Registrar of Corporate Affairs in the British Virgin Islands (the Registrar
                                            of Corporate Affairs) pursuant to section 163 of the BVI Act by making the required filing
                                            or assisting the Mortgagee in making the required filing in the approved form with the Registrar
                                            of Corporate Affairs and (if applicable) provide confirmation in writing to the Mortgagee
                                            that such filing has been made within five (5) Business Days after receipt of the same from
                                            the Registrar of Corporate Affairs; and

 

		(iv)	if
                                            the registration referred to in paragraph (iii) above is not being effected by or on behalf
                                            of the Mortgagee, immediately on receipt, and in any event within ten (10) Business Days
                                            after the Repurchase Closing, deliver or procure to be delivered to the Mortgagee, (1) the
                                            certificate of registration of charge issued by the Registrar of Corporate Affairs evidencing
                                            that the requirements of Part VIII of the BVI Act as to registration have been complied with
                                            and (2) the filed and stamped copy of the application containing the relevant particulars
                                            of this Deed.

 

Failure
by the Mortgagor to comply with any provisions of this Clause 4 shall be deemed to be an Event of Default.

 

		5	Delivery
                                            of Documents

 

		(a)	The
                                            Mortgagor shall, on the date of this Deed, deposit with the Mortgagee (or as the Mortgagee
                                            directs) the following (collectively, the “Mortgage Deliverables”):

 

		(i)	all
                                            certificates (if any) representing the Initial Shares;

 

		(ii)	an
                                            undated instrument of transfer in respect of the Shares, executed in blank by or on behalf
                                            of the Mortgagor in substantially the form set out in Schedule 1 (Instrument of Transfer);

 

    7

     

    

 

		(iii)	a
                                            dated irrevocable proxy and power of attorney in respect of the Shares, executed by or on
                                            behalf of the Mortgagor in substantially the form set out in Schedule 2 (Irrevocable Appointment
                                            of Proxy and Power of Attorney);

 

		(iv)	undated
                                            written resolutions of the board of directors of the Company executed by all of the directors
                                            of the Company in substantially the form set out in Schedule 3 (Written Resolutions of
                                            the Directors of the Company);

 

		(v)	a
                                            dated letter of authorisation executed by each director of the Company in substantially the
                                            form set out in Schedule 4 (Director’s Letter of Authorisation);

 

		(vi)	a
                                            dated irrevocable deed of undertaking and confirmation from the Company to the Mortgagee
                                            in substantially the form set out in Schedule 5 (Deed of Undertaking and Confirmation);
                                            and

 

		(vii)	a
                                            dated irrevocable letter of instruction executed by or on behalf of the Company, countersigned
                                            by its registered office provider and the Mortgagee, in substantially the form set out in
                                            Schedule 6 (Letter of Instruction to Registered Office Provider);

 

		(viii)	the
                                            following documents in respect of the Company:

 

		(A)	a
                                            certified copy of its Certificate of Incorporation (and Certificates of Incorporation on
                                            Change of Name (if any));

 

		(B)	a
                                            certified copy of its current Memorandum and Articles of Association;

 

		(C)	a
                                            certified copy of its current Register of Directors;

 

		(D)	a
                                            certified copy of its current Register of Members; and

 

		(E)	a
                                            copy of a Certificate of Good Standing issued by the Registrar of Companies in the Cayman
                                            Islands in respect of it and dated within one month prior to the date of this Deed.

 

		(ix)	the
                                            following documents in respect of the Mortgagor:

 

		(A)	a
                                            certified copy of its Certificate of Incorporation (and Certificates of Change of Name (if
                                            any);

 

		(B)	a
                                            certified copy of its current Memorandum and Articles of Association;

 

		(C)	a
                                            certified copy of its current Register of Directors;

 

		(D)	a
                                            certified copy of its current Register of Members;

 

		(E)	a
                                            certified copy of its current Register of Charges;

 

    8

     

    

 

		(F)	a
                                            copy of Certificate of Good Standing issued by the Registrar of Corporate Affairs in the
                                            British Virgin Islands in respect of it and dated within one month prior to the date of this
                                            Deed;

 

		(G)	a
                                            copy of Certificate of Incumbency in respect of it issued by its registered agent in the
                                            British Virgin Islands and dated within one month prior to the date of this Deed; and

 

		(H)	a
                                            certified copy of all necessary corporate authorisations approving its entry into, and performance
                                            of its obligations under, this Deed.

 

		(b)	To
                                            the extent not delivered pursuant to Clause 5(a), the Mortgagor shall deposit with the Mortgagee
                                            (or as the Mortgagee directs) within five (5) Business Days of the date on which any further
                                            Shares are acquired by, or issued to, the Mortgagor:

 

		(i)	all
                                            certificates (if any) representing such further Shares and a certified copy of the Register
                                            of Members showing the Mortgagor as the registered owner of such further Shares; and

 

		(ii)	an
                                            undated instrument of transfer in respect of such further Shares, executed in blank by or
                                            on behalf of the Mortgagor in substantially the form set out in Schedule 1 (Instrument
                                            of Transfer).

 

		(c)	The
                                            Mortgagor shall, within five (5) Business Days of the date on which any change in a director
                                            of the Company becomes effective, procure the delivery to the Mortgagee (or as the Mortgagee
                                            directs) of:

 

		(i)	(in
                                            the case of a new director) a dated letter of authorisation executed by such director of
                                            the Company in substantially the form set out in Schedule 4 (Director’s Letter of
                                            Authorisation); and

 

		(ii)	(in
                                            the case of a new director or the resignation of a director) undated written resolutions
                                            of the board of directors of the Company executed by all of the directors of the Company
                                            in substantially the form set out in Schedule 3 (Written Resolutions of the Directors
                                            of the Company),

 

and
within five (5) Business Days of that change procure the delivery to the Mortgagee of a certified true copy of the updated register of
directors of the Company.

 

		6	Further
                                            Assurance

 

		6.1	Further
                                            Assurance: General

 

The
Mortgagor shall at its own expense promptly do all such acts or execute all such documents (including assignments, transfers, mortgages,
charges, notices, instructions and powers of attorney) as the Mortgagee or any Receiver or Delegate may reasonably specify (and in such
form as the Mortgagee or any Receiver or Delegate may reasonably require in favour of the Secured Parties or is nominee(s)):

 

		(a)	to
                                            perfect the Security created or intended to be created or evidenced under or evidenced by
                                            this Deed (which may include the execution of a mortgage, charge, assignment, powers of attorney
                                            or other Security over all or any of the assets which are, or are intended to be, the subject
                                            of the Security) or for the exercise of any rights, powers and remedies of the Mortgagee
                                            or any Receiver, Delegate or the Secured Parties provided by or pursuant to this Deed or
                                            by applicable law; and

 

    9

     

    

 

		(b)	(following
                                            the occurrence of an Event of Default which is continuing), to facilitate the realisation
                                            of the assets which are, or are intended to be, the subject of the Security created pursuant
                                            to this Deed.

 

		6.2	Necessary
                                            Action

 

The
Mortgagor shall from time to time take all such action (whether or not requested to do so by the Mortgagee) as is or shall be available
to it (including without limitation obtaining and/or effecting all authorisations) as may be necessary for the purpose of the creation,
perfection, protection or maintenance of any Security conferred or intended to be conferred on the Mortgagee by or pursuant to this Deed
and/or to exercise its rights and to perform the obligations expressed on its part under this Deed and/or to make this Deed admissible
in evidence in the Cayman Islands.

 

		6.3	Covenants
                                            of Title

 

The
obligations of the Mortgagor under this Deed shall be in addition to any covenants for title deemed to be included in this Deed under
applicable law.

 

		7	Restrictions
                                            on Dealings

 

The
Mortgagor shall not, except such actions required to be undertaken under the Business Combination Agreement:

 

		(a)	create
                                            or permit to subsist any Security or Quasi-Security on or over the whole or any party of
                                            the Mortgaged Property;

 

		(b)	whether
                                            by a single transaction or a number of related or unrelated transactions and whether at the
                                            same time, and whether voluntary or involuntary or over a period of time) sell, transfer,
                                            lease out, lend or otherwise dispose of the whole or any part of its legal or beneficial
                                            interest in the Mortgaged Property;

 

		(c)	negotiate,
                                            settle or waive any claim for loss, damage or other compensation affecting the Mortgaged
                                            Property or any part thereof;

 

		(a)	do,
                                            or cause or permit to be done, anything which may adversely affect:

 

		(i)	the
                                            Mortgaged Property and the Security created hereunder, or the value of any of them; or

 

		(ii)	the
                                            rights or interests of the Mortgagee hereunder including, without limitation, the ability
                                            of the Mortgagee to exercise its rights and remedies hereunder and to preserve or enforce
                                            the Security created hereunder;

 

    10

     

    

 

		(b)	permit
                                            any person other than the Mortgagor, the Mortgagee or the Mortgagee’s nominee or nominees
                                            to be registered as, or become the holder of any of the Mortgaged Property;

 

		(c)	vote
                                            in favour of any resolution to merge or consolidate with another company or amend, modify
                                            or change the memorandum and articles of association of the Company;

 

		(d)	permit
                                            the Company to re-designate or otherwise seek to re-create its original Register of Members
                                            or maintain its original Register of Members with any person or in any place other than at
                                            the office in the Cayman Islands of the registered office provider of the Company with whom
                                            the letter of instructions in substantially the form set out in Schedule 6 (Letter of
                                            Instruction to Registered Office Provider) has been entered into pursuant to Clause 5(a)(vii)
                                            (Delivery of Documents);

 

		(e)	take
                                            or accept any Security from the Company or, in relation to the Secured Obligations, from
                                            any third party;

 

		(f)	unless
                                            directed in writing to do so by the Mortgagee prove in a liquidation or winding up of the
                                            Company until all the Secured Obligations are paid and discharged in full and if directed
                                            so to prove by the Mortgagee (or if the Mortgagor otherwise receives any payment or other
                                            benefit in breach of this paragraph (f) the Mortgagor shall hold all monies received by it
                                            on trust for the Mortgagee to satisfy the Secured Obligations); or

 

		(g)	permit
                                            the Company to purchase, redeem, otherwise acquire, cancel, sub-divide, amalgamate, reclassify
                                            or otherwise restructure any of the Mortgaged Property.

 

		8	Operations
                                            Before and After Enforcement

 

		8.1	Dividends:
                                            before enforcement

 

Subject
to Clause 8.2 (Dividends: after enforcement), all dividends and other distributions to the extent paid or payable in cash in respect
of any Share may be retained by the Mortgagor (to be applied in the manner not contrary to the Finance Document).

 

		8.2	Dividends
                                            after enforcement

 

At
any time while an Event of Default has occurred and is continuing, the Mortgagor shall hold any dividend or other distribution received
by it on trust for the Secured Parties and pay the same immediately to the Mortgagee or as it may direct. The Mortgagee shall be entitled
to apply the same as permitted in accordance with the terms of the Finance Documents.

 

		8.3	Voting:
                                            before enforcement

 

At
any time prior to the occurrence of an Event of Default which is continuing, the Mortgagor shall be entitled to exercise (or refrain
for exercising) or direct the exercise of the voting rights attached to any Shares provided that:

 

		(a)	it
                                            does so for a purpose not inconsistent with any Finance Document; and

 

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		(b)	the
                                            exercise (or non-exercise) of those rights would not (i) have an adverse effect on (A) the
                                            value of the Mortgaged Property, (B) the ability of the Mortgagee to realise the Security
                                            conferred or intended to be conferred on the Mortgagee by or pursuant to this Deed or (C)
                                            materially prejudice the interests of the Mortgagee under any Finance Document or its control
                                            of any Mortgaged Property.

 

		8.4	Voting:
                                            After Enforcement

 

		(a)	Following
                                            the occurrence of an Event of Default which is continuing:

 

		(i)	the
                                            Mortgagee (or if the Mortgagee so directs, the Receiver) shall be entitled to exercise or
                                            direct the exercise of the voting and other rights attached to the Shares and the Mortgagor
                                            shall promptly provide the Mortgagee or the Receiver (if so required by the Mortgagee), with
                                            an irrevocable power of attorney to exercise in the Mortgagee’s sole discretion the
                                            voting rights attached to such Shares as determined by the Mortgagee; and

 

		(ii)	the
                                            Mortgagor shall promptly execute and/or deliver to the Mortgagee or the Receiver such forms
                                            of proxy as it reasonably requires with a view to enabling such person as it selects to exercise
                                            those rights.

 

		(b)	The
                                            Mortgagee will have no liability to the Mortgagor for any loss that results from the exercise
                                            or non-exercise of any voting rights attaching to such Shares or for any failure to deal
                                            with any notice relating to such Shares that is sent to the Mortgagee.

 

		8.5	Payment
                                            of Calls

 

		(a)	The
                                            Mortgagor must promptly pay all calls and other payments due and payable in respect of any
                                            Mortgaged Property.

 

		(b)	If
                                            the Mortgagor fails to pay all calls or other payments due and payable in respect of any
                                            Mortgaged Property, the Mortgagee may pay any call or other payment on behalf of the Mortgagor
                                            and the Mortgagor shall promptly upon request reimburse the Mortgagee for any payment made
                                            by it under this Clause.

 

		9	Enforcement
                                            of Security

 

		9.1	Enforcement

 

On
and from the occurrence of an Event of Default which is continuing, the Security created pursuant to this Deed is immediately enforceable
and the Mortgagee may, without notice to the Mortgagor or prior authorisation from any court, in its absolute discretion enforce all
or any part of such Security at the times, in the manner and on the terms it thinks fit, including to:

 

		(a)	assume
                                            control of, and to have it or its nominee registered as holder of legal title to, any Mortgaged
                                            Property;

 

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		(b)	sell,
                                            exchange, grant options over, or otherwise dispose of, any Mortgaged Property by any method,
                                            at any time and on any terms, it thinks fit or to postpone doing of any of these things;

 

		(c)	complete,
                                            date and deliver any document delivered to it under this Deed;

 

		(d)	borrow
                                            or raise money either unsecured or on the security of the Mortgaged Property (either in priority
                                            to the Security conferred or intended to be conferred on the Mortgagee by or pursuant to
                                            this Deed or otherwise);

 

		(e)	settle,
                                            adjust, refer to arbitration, compromise and arrange any claims, accounts, disputes, questions
                                            and demands relating to the Mortgaged Property;

 

		(f)	bring,
                                            prosecute, enforce, defend and abandon actions, suits and proceedings in relation to the
                                            Mortgaged Property or any business of the Mortgagor;

 

		(g)	redeem
                                            any Security (whether or not having priority to the Security conferred or intended to be
                                            conferred on the Mortgagee by or pursuant to this Deed) over the Mortgaged Property and to
                                            settle the accounts of any person with an interest in the Mortgaged Property;

 

		(h)	exercise
                                            and do (or permit the Mortgagor or any nominee of the Mortgagor to exercise and do) all such
                                            rights and things as the Mortgagee would be capable of exercising or doing if it were the
                                            absolute beneficial owner of the Mortgaged Property; and/or

 

		(i)	exercise
                                            any other right, power or remedy given to it under this Deed (including to appoint a Receiver)
                                            or provided by law.

 

		9.2	No
                                            Liability as Mortgagee in Possession

 

Neither
the Mortgagee nor any Receiver shall be liable, by reason of entering into possession of any Mortgaged Property, to account as a mortgagee
in possession in respect of all or any part of the Mortgaged Property or be liable for any loss upon realisation or for any neglect,
default or omission in connection with the Mortgaged Property to which a mortgagee or a mortgagee in possession might otherwise be liable.

 

		10	Powers
                                            of Sale

 

		10.1	Extension
                                            of Powers

 

The
power of sale or other disposal conferred on the Mortgagee and on any Receiver by this Deed shall arise (and the Secured Obligations
shall be deemed due and payable for that purpose) on execution of this Deed and shall be exercisable in accordance with Clause 9.1 (Enforcement).

 

		10.2	Restrictions

 

Any
restrictions imposed by law on the power of sale or on the consolidation of security shall be excluded to the fullest extent permitted
by law.

 

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		11	Appointment
                                            of Receiver

 

		11.1	Appointment
                                            and Removal

 

On
and from the occurrence of an Event of Default which is continuing or if requested by the Mortgagor in writing at any time, the Mortgagee
may (but for the avoidance of doubt shall not be obliged to) by deed or otherwise (acting through an authorised officer of the Mortgagee),
without any notice to the Mortgagor:

 

		(a)	appoint
                                            one or more person or persons as the Mortgagee thinks fit to be a Receiver of the whole or
                                            any part of the Mortgaged Property;

 

		(b)	appoint
                                            two or more Receivers of separate parts of the Mortgaged Property;

 

		(c)	remove
                                            (so far as it is lawfully able) any Receiver so appointed (whether or not the Mortgagee appoints
                                            any other person as a Receiver in its place); and/or

 

		(d)	appoint
                                            another person(s) as an additional or replacement Receiver(s).

 

		11.2	Capacity
                                            of Receivers

 

Each
person appointed to be a Receiver pursuant to Clause 11.1 (Appointment and Removal) shall be:

 

		(a)	entitled
                                            to act individually or together with any other person appointed or substituted as Receiver;

 

		(b)	for
                                            all purposes deemed to be the agent of the Mortgagor and the Mortgagor shall be solely responsible
                                            for that Receiver’s contracts, engagements, acts, omissions, defaults and losses and
                                            for liabilities incurred by that Receiver

 

		(c)	entitled
                                            to remuneration for his services at a rate to be fixed by the Mortgagee from time to time,
                                            which remuneration shall be payable by the Mortgagor.

 

		11.3	Powers
                                            of Appointment

 

The
powers of appointment of a Receiver herein contained shall be in addition to all powers of appointment of the Mortgagee under applicable
law and such powers shall remain exercisable from time to time by the Mortgagee in respect of all or any part of the Mortgaged Property.

 

		12	Powers
                                            of Receiver

 

		12.1	Powers
                                            of Receiver

 

Every
Receiver shall have and be entitled to exercise, in relation to the Mortgaged Property or that part thereof in respect of which he was
appointed, and as varied and extended by the provisions of this Deed (in the name of or on behalf of the Mortgagor or in his own name
and, in each case, at the cost of the Mortgagor):

 

		(a)	all
                                            the powers and rights of an absolute owner and power to do or omit to do anything which the
                                            Mortgagor itself could do or omit to do;

 

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		(b)	all
                                            the powers conferred on a receiver by any provision of Cayman Islands law; and

 

		(c)	the
                                            power to do all things (including without limitation bringing or defending proceedings in
                                            the name or on behalf of the Mortgagor) which seem to the Receiver to be incidental or conducive
                                            to (i) any of the functions, powers, authorities or discretions conferred on or vested in
                                            him or (ii) the exercise of any Collateral Rights (including without limitation realisation
                                            of all or any part of the Mortgaged Property) or (iii) bringing to his hands any assets of
                                            the Mortgagor forming, or which, when got in, would be part of the Mortgaged Property.

 

		12.2	Additional
                                            Powers of Receiver

 

In
addition to and without prejudice to the generality of Clause 12.1, every Receiver shall have the following powers in relation to the
Mortgaged Property in respect of which he is appointed (and every reference in this Clause 12.2 to the Mortgaged Property shall be read
as a reference to that part of the Mortgaged Property in respect of which such Receiver is appointed):

 

		(a)	Take
                                            Possession

 

power
to enter upon, take immediate possession of, collect and get in the Mortgaged Property including without limitation dividends and other
income whether accrued before or after the date of his appointment;

 

		(b)	Employees

 

power
to appoint and discharge managers, officers, agents, accountants, servants, workmen and others for the purposes of this Deed upon such
terms as to remuneration or otherwise as he thinks fit with the prior written consent of the Mortgagee and discharge any person appointed
by the Mortgagor;

 

		(c)	Proceedings
                                            and Claims

 

power
to bring, prosecute, enforce, defend and abandon applications, claims, disputes, actions, suits and proceedings in connection with all
or any part of the Mortgaged Property or this Deed in the name of the Mortgagor or in his own name and to submit to arbitration, negotiate,
compromise and settle any such applications, claims, disputes, actions, suits or proceedings;

 

		(d)	Carry
                                            on Business

 

power
to carry on and manage, or concur in the carrying on and management of or to appoint a manager of, the whole or any part of the Mortgaged
Property or any business relating thereto in such manner as he shall in his absolute discretion think fit;

 

		(e)	Deal
                                            with Mortgaged Property

 

power,
in relation to the Mortgaged Property and each and every part thereof, to sell, transfer, convey, dispose of or concur in any of the
foregoing by the Mortgagor or any other receiver or manager of the Mortgagor (including without limitation to or in favour of the Mortgagee)
in such manner and generally on such terms as he thinks fit;

 

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		(f)	Acquisitions

 

power
to purchase, lease, hire or otherwise acquire any assets or rights of any description which he shall in his absolute discretion consider
necessary or desirable for the carrying on, improvement or realisation of the whole or any part of the Mortgaged Property or otherwise
for the benefit of the whole or any part of the Mortgaged Property;

 

		(g)	New
                                            Subsidiary

 

power
to promote, procure the formation or otherwise acquire the share capital of, any body corporate with a view to such body corporate becoming
a subsidiary of the Mortgagor or otherwise and purchasing, leasing or otherwise acquiring an interest in the whole or any part of the
Mortgaged Property or carrying on any business in succession to the Mortgagor or any subsidiary of the Mortgagor;

 

		(h)	Insurance

 

power
to effect, maintain or renew indemnity and other insurances and to obtain bonds and performance guarantees;

 

		(i)	Borrowing

 

power
to raise or borrow money from the Mortgagee or any other person to rank either in priority to the security constituted by this Deed or
any part of it or otherwise and with or without a mortgage or charge on the Mortgaged Property or any part of it on such terms as he
shall in his absolute discretion think fit (and no person lending such money shall be concerned to see or enquire as to the propriety
or purpose of the exercise of such power or the application of money so raised or borrowed);

 

		(j)	Redemption
                                            of Security

 

power
to redeem, discharge or compromise any Security whether or not having priority to the Security constituted by this Deed or any part of
it;

 

		(k)	Covenants,
                                            Guarantees and Indemnities

 

power
to enter into bonds, covenants, guarantees, commitments, indemnities and other obligations or liabilities as he shall think fit, to make
all payments needed to effect, maintain or satisfy such obligations or liabilities and to use the seal of the Mortgagor;

 

		(l)	Appointment

 

power
to appoint an attorney or accountant or other professional qualified person to assist him in the performance of his functions;

 

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		(m)	Receipts

 

power
to give a valid receipt for any moneys and execute any assurance or thing which may be proper or desirable for realising any Mortgaged
Property;

 

		(n)	Payment

 

power
to make any payment which is necessary or incidental to the performance of his functions;

 

		(o)	Delegation

 

power
to delegate his powers in accordance with this Deed; and

 

		(p)	Exercise
                                            of Powers in Mortgagor’s Name

 

power
to exercise any or all of the above powers on behalf of and in the name of the Mortgagor (notwithstanding any winding-up or dissolution
of the Mortgagor) or on his own behalf.

 

		12.3	Relationship
                                            with Mortgagee

 

To
the fullest extent allowed by law, any right, power or discretion conferred by this Deed (either expressly or impliedly) or by law on
a Receiver may after the Security conferred or intended to be conferred on the Mortgagee by or pursuant to this Deed becomes enforceable
be exercised by the Mortgagee in relation to any Mortgaged Property without first appointing a Receiver and notwithstanding the appointment
of a Receiver.

 

		13	Application
                                            of Monies

 

		13.1	Order
                                            of Application

 

Without
prejudice to Clause 13.2 (Suspense account and appropriations), the Mortgagee (and any Receiver) shall apply the monies received
by it as a result of the enforcement of the Security created hereby:

 

		(i)	firstly,
                                            in payment or satisfaction of the expenses related to enforcement of this security;

 

		(ii)	secondly,
                                            in meeting in full claims of the Mortgagee in respect of the Secured Obligations; and

 

		(iii)	thirdly,
                                            in payment of the balance (if any) to the Mortgagor or persons entitled to it.

 

		13.2	Suspense
                                            account and appropriations

 

At
any time during the Security Period:

 

		(a)	any
                                            monies received, recovered or realised by the Mortgagee or any Receiver under this Deed or
                                            the powers conferred by it (including the proceeds of any conversion of currency) may, in
                                            the discretion of the Mortgagee or any Receiver, be credited to and held in any suspense
                                            account pending their application from time to time in or towards the discharge of any of
                                            the Secured Obligations in accordance with Clause 13.1 (Order of Application); and

 

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		(b)	the
                                            Mortgagee or any Receiver refrain from applying, appropriating or enforcing any moneys, security
                                            or rights held or received by it (or any trustee or agent on its behalf) in respect of the
                                            Secured Obligations.

 

		13.3	Application
                                            by Mortgagor

 

Any
application under this Clause 13 shall override any application by the Mortgagor.

 

		14	Receipt
                                            and Protection of purchasers

 

		14.1	Receipt

 

The
receipt of the Mortgagee or any Receiver shall be conclusive discharge to a purchaser of any part of the Mortgaged Property from the
Mortgagee or such Receiver.

 

		14.2	Protection
                                            of purchasers

 

No
person (including a purchaser) dealing with the Mortgagee or a Receiver or its or his agents will be obliged or concerned to enquire:

 

		(a)	whether
                                            the Secured Obligations have become payable;

 

		(b)	whether
                                            any power which the Mortgagee or a Receiver is purporting to exercise has become exercisable
                                            or is being properly exercised;

 

		(c)	whether
any money remains due under the Finance Documents; or

 

		(d)	how
                                            any money paid to the Mortgagee or to that Receiver is to be applied.

 

		15	Power
                                            of Attorney

 

		(a)	The
                                            Mortgagor, by way of security, irrevocably and severally appoints the Mortgagee, each Receiver
                                            and any person nominated for the purpose by the Mortgagee or any Receiver (in writing and
                                            signed by an officer of the Mortgagee or Receiver) as its attorney (with full power of substitution
                                            and delegation) in its name (or otherwise) and on its behalf and as its act and deed to execute,
                                            seal and deliver (using the company seal where appropriate) and otherwise perfect and do
                                            any deed, assurance, agreement, instrument, act or thing which it ought to execute and do
                                            under the terms of this Deed, or which may be required or deemed proper in the exercise of
                                            any rights or powers conferred on the Mortgagee or any Receiver under this Deed or otherwise
                                            for any of the purposes of this Deed, and the Mortgagor covenants with the Mortgagee and
                                            each Receiver to ratify and confirm all such acts or things made, done or executed by that
                                            attorney.

 

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		(b)	The
                                            power of attorney conferred on the Mortgagee and each Receiver pursuant to paragraph (a)
                                            shall continue notwithstanding the exercise of any right of appropriation.

 

		16	Representations

 

		16.1	Representations

 

On
the date of this Deed, the Mortgagor represents and warrants to the Mortgagee that:

 

		(a)	it
                                            is an exempted company duly incorporated with limited liability, validly existing and in
                                            good standing under the laws of the British Virgin Islands;

 

		(b)	the
                                            obligations expressed to be assumed by it in this Deed are legal, valid, binding and enforceable
                                            obligations; and

 

		(c)	(without
                                            limiting the generality of paragraph (b) above), this Deed creates the security interests
                                            which it purports to create and those security interests are valid and effective;

 

		(d)	the
                                            execution, delivery and performance by it of, and the transactions contemplated by, this
                                            Deed do not:

 

		(i)	conflict
                                            with any law or regulation applicable to it in any material respect;

 

		(ii)	conflict
                                            with the constitutional documents of it or the Company in any material respect; or

 

		(iii)	breach
                                            any agreement or instrument binding upon it to an extent or in a manner which has or would
                                            have an adverse effect on (A) the value of the Mortgaged Property, (B) the ability of the
                                            Mortgagee to realise the Security conferred or intended to be conferred on the Mortgagee
                                            by or pursuant to this Deed or (C) materially prejudice the interests of the Mortgagee under
                                            any Finance Document or its control of any Mortgaged Property;

 

		(e)	it
                                            has the power to enter into, perform and deliver, and has taken all necessary corporate actions
                                            to authorise its entry into, performance and delivery of, this Deed and the transactions
                                            contemplated by this Deed;

 

		(f)	all
                                            material authorisations required:

 

		(i)	to
                                            enable it lawfully to enter into, exercise its rights, comply with and perform its obligations
                                            under, this Deed; and

 

		(ii)	to
                                            make this Deed admissible in evidence in the British Virgin Islands and in the Cayman Islands,
                                            have been (or will by the required date be) obtained or effected and are (or will by the
                                            required date be) in full force and effect;

 

		(g)	the
                                            choice of Cayman Islands as the governing law of this Deed will be recognised and enforced
                                            in the British Virgin Islands;

 

		(h)	any
                                            judgment obtained in the Cayman Islands in relation to this Deed will be recognised and enforced
                                            in the British Virgin Islands;

 

    19

     

    

 

		(i)	it
                                            is able to pay its debts as they fall due and its assets are greater than its liabilities;

 

		(j)	it
                                            is not required under the law applicable where it is incorporated or resident or at the address
                                            specified in this Deed to make any deduction of tax from any payment it may make under this
                                            Deed;

 

		(k)	under
                                            the laws of the British Virgin Islands and the Cayman Islands it is not necessary that this
                                            Deed be filed, recorded or enrolled with any court or other authority in that jurisdiction,
                                            or that any stamp, registration, notarial or similar taxes or fees be paid on or in relation
                                            to this Deed or the transactions contemplated by this Deed except (x) as referred to in Clause
                                            4 (Perfection of Security) and (y) that Cayman Islands stamp duty will be payable
                                            if this Deed is executed in or brought into or admitted in evidence in a court of the Cayman
                                            Islands;

 

		(l)	the
                                            Mortgagor is the absolute sole, legal and beneficial owner of all of the Shares, free and
                                            clear of any Security, trusts, equities and claims whatsoever, save for the Security created
                                            pursuant to this Deed;

 

		(m)	the
                                            Shares represent 6.2358 per cent. of the total issued share capital of the Company;

 

		(n)	the
                                            Shares are fully paid up and validly issued, and not subject to any pre-emption, option to
                                            purchase or similar rights, other than as may arise under applicable law;

 

		(o)	the
                                            original Register of Members of the Company is located and maintained at the office of its
                                            registered office provider in the Cayman Islands; and

 

		(p)	none
                                            of the Mortgaged Property is subject to or affected by any Restrictions Notice issued by
                                            the Company or its registered office provider pursuant to the Companies Act.

 

		16.2	Repetition

 

The
representations and warranties set out in Clause 16.1 (Representations) above shall be deemed to be repeated by the Mortgagor
on each day of the Security Period by reference to the facts and circumstances then existing.

 

		17	Effectiveness
                                            of Security

 

		17.1	Continuing
                                            Security

 

The
Security created by or pursuant to this Deed shall remain in full force and effect as a continuing security for the Secured Obligations
unless and until discharged by the Mortgagee. No part of the security from time to time intended to be constituted by this Deed will
be considered satisfied or discharged by any intermediate payment, discharge or satisfaction of any part of the Secured Obligations.

 

		17.2	Independent
                                            Security

 

The
Security created by this Deed and the Collateral Rights shall be in addition to and independent of every other Security which the Mortgagee
may at any time hold for any or all of the Secured Obligations or any rights, powers and remedies provided by law. No prior security
held by the Mortgagee over the whole or any part of the Mortgaged Property shall merge into the security constituted by this Deed.

 

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		17.3	Mortgagor’s
                                            Obligations

 

None
of the obligations of the Mortgagor under this Deed or the Collateral Rights shall be affected by any act, omission or thing (whether
or not known to it or any Secured Party) which, but for this provision, would reduce, release or prejudice any of its obligations under
this Deed. This includes:

 

		(a)	any
                                            time, waiver or consent or any other indulgence or concession granted to, or composition
                                            with, the Mortgagor or any other person;

 

		(b)	any
                                            release of the Mortgagor or any other person under the terms of any composition or arrangement;

 

		(c)	the
                                            taking, variation, compromise, exchange, renewal or release of, or refusal or neglect to
                                            perfect, take up or enforce, any rights against, or security over assets of, the Mortgagor
                                            or any other person;

 

		(d)	the
                                            existence of any claim, set-off or other right which the Mortgagor may have at any time against
                                            the Mortgagee or any other person;

 

		(e)	any
                                            non-presentation or non-observance of any formality or other requirement in respect of any
                                            instrument or any failure to realise the full value of any security;

 

		(f)	any
                                            incapacity, lack of power, authority or legal personality of or dissolution or change in
                                            the members or status of the Mortgagor or any other person;

 

		(g)	any
                                            variation, amendment, waiver, novation, supplement, extension, restatement (however fundamental
                                            and whether or not more onerous) or replacement of, or in connection with, a Finance Document,
                                            or any document, security, guarantee or indemnity;

 

		(h)	any
                                            unenforceability, illegality, invalidity or non-provability of any obligation of any person
                                            under any Finance Document or any other document or security; and

 

		(i)	any
                                            insolvency or similar proceedings.

 

		17.4	Remedies
                                            and Waivers

 

		(a)	No
                                            failure on the part of the Mortgagee or any Receiver to exercise, or any delay on its part
                                            in exercising, any Collateral Right shall operate as a waiver thereof or constitute an election
                                            to affirm this Deed.

 

		(b)	No
                                            election by the Mortgagee or any Receiver to affirm this Deed or to waive any Collateral
                                            Rights shall be effective unless it is in writing.

 

		(c)	The
                                            Collateral Rights are cumulative and not exclusive of the rights of the Mortgagee or any
                                            Receiver under the general law. No single or partial exercise of any Collateral Right shall
                                            preclude any further or other exercise of that or any other Collateral Right.

 

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	17.5	Immediate
                                    recourse

 

The
Mortgagor waives any right it may have of first requiring the Mortgagee (or any trustee or agent on its behalf) to proceed against or
enforce any other right or security or claim payment from any person or file any proof or claim in any insolvency, administration, winding-up
or liquidation proceedings relative to any other person before claiming from the Mortgagor under this Deed.

 

		17.6	No
                                            Liability

 

None
of the Mortgagee, its nominee(s) or any Receiver shall be liable by reason of (a) taking any action permitted by this Deed or (b) any
neglect or default in connection with all or any part of the Mortgaged Property or (c) taking possession of or realising all or any part
of the Mortgaged Property.

 

		17.7	Partial
                                            Invalidity

 

If,
at any time, any provision of this Deed is or becomes illegal, invalid or unenforceable in any respect under the law of any jurisdiction,
neither the legality, validity or enforceability of the remaining provisions of this Deed under such laws nor of such provision under
the laws of any other jurisdiction shall in any way be affected or impaired thereby and, if any part of the security intended to be created
by or pursuant to this Deed is invalid, unenforceable or ineffective for any reason, that shall not affect or impair any other part of
that security.

 

		17.8	Deferral
                                            of rights

 

		(a)	Unless
                                            the Security Period has expired or the Mortgagee otherwise directs, the Mortgagor agrees
                                            that it will not, after a claim has been made under this Deed or by virtue of any payment
                                            or performance by it under this Deed:

 

(i) be
                                            subrogated to any rights, security or moneys held, received or receivable by any Secured
                                            Party (or any trustee or agent on its behalf);

 

		(ii)	be
                                            entitled to any right of contribution or indemnity in respect of any payment made or moneys
                                            received on account of the Mortgagor's liability under this Deed;

 

		(iii)	claim,
                                            rank, prove or vote as a creditor of any Obligor or its estate in competition with any Secured
                                            Party (or any trustee or agent on its behalf); or

 

		(iv)	receive,
                                            claim or have the benefit of any payment, distribution or security from or on account of
                                            any Obligor, or exercise any right of set-off against any Obligor.

 

		(b)	The
                                            Mortgagor must hold in trust for and promptly pay or transfer to the Mortgagee any payment
                                            or distribution or benefit of security received by it contrary to this Clause or in accordance
                                            with any directions given by the Mortgagee under this Clause.

 

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		17.9	Reinstatement

 

		(a)	If
                                            any discharge (whether in respect of the Secured Obligations or any other obligations of
                                            any Obligor or any security for those liabilities or obligations or otherwise) or arrangement
                                            is made in whole or in part on the basis of any payment, security or other disposition which
                                            is avoided, set aside or must be restored on insolvency, liquidation, judicial management,
                                            administration or any similar event without limitation, the liability of the Mortgagor under
                                            this Deed will continue or be reinstated as if the discharge or arrangement had not occurred
                                            and each Secured Party’s right to recover the full extent of its Secured Obligations
                                            shall not be in any way prejudiced thereby.

 

		(b)	Each
                                            Secured Party may concede or compromise any claim that any payment, security or other disposition
                                            is liable to avoidance or restoration.

 

		18	Release
                                            of Security

 

		18.1	Final
                                            redemption 

 

At
the end of the Security Period, the Mortgagee shall, at the request and cost of the Mortgagor, take whatever action is necessary to release,
reassign or discharge (as appropriate) the Mortgaged Property from the Security created under this Deed, including but not limited to
return the originals of the Mortgage Deliverables to the Mortgagor.

 

		18.2	Avoidance
                                            of Payments

 

If
the Mortgagee (acting reasonably) considers that an amount paid to a Secured Party under a Finance Document is capable of being avoided
or otherwise set aside on the liquidation, judicial management or administration of the payer or otherwise, then that amount will not
be considered to have been irrevocably paid for the purposes of this Deed.

 

		19	Subsequent
                                            and Prior Security Interests

 

		19.1	Subsequent
                                            security interests

 

		(a)	If
                                            any subsequent charge or other interest affects any Mortgaged Property, any Secured Party
                                            may open a new account with the Mortgagor.

 

		(b)	If
                                            a Secured Party referred to in paragraph (a) above does not open a new account, it will nevertheless
                                            be treated as if it had done so at the time when it received or was deemed to have received
                                            notice of that charge or other interest.

 

		(c)	As
                                            from that time all payments made to that Secured Party referred to in paragraph (a) above
                                            will be credited or be treated as having been credited to the new account and will not operate
                                            to reduce any of the Secured Obligations unless the Mortgagee agrees otherwise.

 

    23

     

    

 

		19.2	Prior
                                            security interests

 

		(a)	At
                                            any time after the occurrence of an Event of Default which is continuing, the Mortgagee may,
                                            at the sole cost of the Mortgagor (payable to the Mortgagee on demand):

 

		(i)	redeem
                                            any prior Security against any Mortgaged Property; and/or

 

		(ii)	procure
                                            the transfer of that Security to itself; and/or

 

		(iii)	settle
                                            and pass the accounts of the prior mortgagee, chargee or encumbrancer; any accounts so settled
                                            and passed will be, in the absence of manifest error, conclusive and binding on the Mortgagor.

 

		(b)	The
                                            Mortgagor must pay to the Mortgagee, the costs and expenses incurred by the Mortgagee in
                                            connection with any such redemption and/or transfer, including the payment of any principal
                                            or interest.

 

		20	Discretion
                                            and Delegation

 

		20.1	Discretion

 

Any
liberty or power which may be exercised or any determination which may be made under this Deed by the Mortgagee or any Receiver may be
exercised or made in its absolute and unfettered discretion without any obligation to give reasons.

 

		20.2	Delegation

 

		(a)	Each
                                            of the Mortgagee and any Receiver shall have full power to delegate (either generally or
                                            specifically) the powers, authorities and discretions conferred on it by this Deed (including
                                            without limitation the power of attorney under Clause ‎15 (Power of Attorney))
                                            on such terms and conditions as it shall see fit which delegation shall not preclude any
                                            subsequent exercise, any subsequent delegation or any revocation of such power, authority
                                            or discretion by the Mortgagee or any Receiver.

 

		(b)	Neither
                                            the Mortgagee nor any Receiver will be in any way liable or responsible to the Mortgagor
                                            for any loss or liability arising from any act, default, omission, neglect or misconduct
                                            on the part of any delegate or sub-delegate.

 

		20.3	Protections

 

In
acting as Mortgagee, the Mortgagee shall have the benefit of all indemnities, protections and rights on its part set out in the Finance
Documents, as if set out fully herein.

 

		21	Changes
                                            to Parties

 

		21.1	The
                                            Mortgagor

 

The
Mortgagor may not assign or transfer any of its rights or obligations under this Deed without the prior consent of the Mortgagee.

 

		21.2	The
                                            Mortgagee

 

The
Mortgagee may not assign or transfer any of its rights or obligations under this Deed without the prior consent of the Mortgagor.

 

		22	Fees,
                                            costs and expenses

 

		22.1	Each
                                            party to this Deed shall pay its own fees, costs and expenses (including, without limitation,
                                            legal fees) incurred by it in connection with the negotiation, preparation, printing and
                                            execution of this Deed and any amendments hereto.

 

		22.2	The
                                            Mortgagor shall promptly on demand pay the Mortgagee, any Receiver and any Delegate the full
                                            amount of all fees, costs and expenses (including, without limitation, legal fees) incurred
                                            by the Mortgagee, any Receiver or any Delegate in connection with the preservation or enforcement
                                            of any of the respective rights of the Mortgagee, any Receiver or any Delegate under this
                                            Deed, or the exercise or purported exercise of any of the powers of the Mortgagee, any Receiver
                                            or any Delegate arising pursuant to this Deed.

 

    24

     

    

 

		23	Indemnity

 

The
Mortgagor shall indemnify and keep indemnified the Mortgagee, any Receiver and any Delegate on demand against each and every loss, action,
claim, expense, cost or liability which may be incurred by the Mortgagee, any Receiver or any Delegate in connection with or relating
to the creation, perfection, preservation and/or enforcement of any of the respective rights of the Mortgagee, any Receiver or any Delegate
under this Deed, or the exercise or purported exercise of any of the powers of the Mortgagee, any Receiver or any Delegate arising pursuant
to this Deed (including pursuant to the power of attorney contained in Clause 15 (Power of attorney) herein), or any breach by
the Mortgagor of its obligations hereunder.

 

		24	Conversion
                                            of currency

 

All
monies received or held by the Mortgagee, any Receiver or any Delegate pursuant to this Deed may at any time, before as well as after
the occurrence of an Event of Default which is continuing, be converted into such other currency as Mortgagee, any Receiver or any Delegate
considers necessary or desirable to satisfy the Secured Obligations in that other currency at the then prevailing spot rate of exchange
of the Mortgagee, any Receiver or any Delegate (as conclusively determined by it) for purchasing that other currency with the original
currency.

 

		25	Set-off

 

Any
Secured Party may set off any matured obligation due from the Mortgagor to it under the Finance Documents against any matured obligation
owed by that Secured Party to the Mortgagor, regardless of the place of payment, booking branch or currency of either obligation. If
the obligations are in different currencies, that Secured Party may convert either obligation at a market rate of exchange in its usual
course of business for the purpose of the set-off.

 

		26	Amendment
                                            and waiver

 

		(a)	This
                                            Deed shall remain in full force and effect notwithstanding any amendment or variation from
                                            time to time made to the any other Finance Document.

 

		(b)	No
                                            variation, amendment or waiver of this Deed shall be valid unless in writing and signed by
                                            or on behalf of the parties hereto.

 

    25

     

    

 

		27	Certificate
                                            of Secured Party

 

Any
certification or determination by a Secured Party of a rate or amount under this Deed is, in the absence of manifest error, conclusive
evidence of the matter to which it relates, including without limitation, the amount of the Secured Obligations and its reasonable costs
and expenses incurred in enforcing this Deed (or any rights hereunder).

 

		28	Notices

 

Any
and all notices required or permitted under this Deed shall be given in writing, and shall be provided by one or more of the following
means and shall be deemed to have been duly given (a) if delivered personally, when received, (b) if transmitted by e-mail or by facsimile,
on the date of transmission with receipt of a transmittal confirmation, or (c) if by international courier service, on the fourth (4th)
Business Day following the date of deposit with such courier service, or such earlier delivery date as may be confirmed in writing to
the sender by such courier service. Any notice given pursuant to this Clause 22 shall be addressed to the address or facsimile number
of the receiving party as set forth below or at such other addresses as such party may designate by ten (10) days advance written notice
to the other Parties hereto.

 

Mortgagor

 

Address:
上海黄浦区西藏南路218号永银大厦5层

 

Attention:
Hu Jing (胡京)

 

Email:
hujing@distrii.com

 

Mortgagee

 

Address:
9 Raffles Place, #12-01 Republic Plaza, Singapore

 

Attention:
Huang Fan

 

Email:
huangfan@cdl.com.sg

 

		29	Counterparts

 

This
Deed may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument.

 

		30	Governing
                                            Law

 

This
Deed shall be governed by and construed in accordance with the laws of the Cayman Islands.

 

		31	Jurisdiction

 

		31.1	Cayman
                                            Islands courts

 

The
courts of the Cayman Islands have exclusive jurisdiction to settle any dispute arising out of, or in connection with, this Deed (a Dispute).

 

    26

     

    

 

		31.2	Convenient
                                            Forum

 

The
courts of the Cayman Islands are the most appropriate and convenient courts to settle any such dispute in connection with this Deed.
The Mortgagor agrees not to argue to the contrary and waives objection to those courts on the grounds of inconvenient forum or otherwise
in relation to proceedings in connection with this Deed.

 

		31.3	Exclusive
                                            Jurisdiction

 

This
Clause 31 is for the benefit of the Mortgagee only. As a result and notwithstanding Clause ‎31.1 (Cayman Islands courts),
nothing herein shall prevent the Mortgagee from taking proceedings relating to a Dispute in any other courts with jurisdiction. To the
extent allowed by law the Mortgagee may take concurrent proceedings in any number of jurisdictions.

 

		31.4	Disputes

 

References
in this Clause 31 to a Dispute includes any dispute as to the existence, validity or termination of this Deed.

 

		31.5	Service
                                            of process

 

		(a)	The
                                            Mortgagor agrees to appoint Ogier Global (Cayman) Limited of 89 Nexus Way, Camana Bay, Grand
                                            Cayman, KY1-9009, Cayman Islands as its agent for service of process in any proceedings before
                                            the courts of the Cayman Islands in connection with this Deed;

 

		(b)	If
                                            any person appointed as process agent under this Clause is unable for any reason to so act,
                                            the Mortgagor must promptly (and in any event within three days of the event taking place)
                                            appoint another agent on terms acceptable to the Mortgagee (acting reasonably). Failing this,
                                            the Mortgagee may appoint another process agent for this purpose.

 

		(c)	The
                                            Mortgagor agrees that failure by a process agent to notify it of any process will not invalidate
                                            the relevant proceedings.

 

		(d)	This
                                            Clause does not affect any other method of service allowed by law.

 

		31.6	Waiver
                                            of immunity

 

The
Mortgagor irrevocably waives, to the extent permitted by applicable law, with respect to itself and its revenues and assets (irrespective
of their use or intended use), all immunity on the grounds of sovereignty or other similar grounds from:

 

		(a)	suit;

 

		(b)	jurisdiction
                                            of any court or arbitral tribunal;

 

		(c)	relief
                                            by way of injunction or order for specific performance or recovery of property;

 

		(d)	attachment
                                            of its assets (whether before or after judgment); and

 

		(e)	execution
                                            or enforcement of any judgment to which it or its revenues or assets might otherwise be entitled
                                            in any proceedings in the courts or arbitral tribunals of any jurisdiction (and irrevocably
                                            agrees, to the extent permitted by applicable law, that it will not claim any immunity in
                                            any such proceedings).

 

IN
WITNESS WHEREOF this Deed has been signed on behalf of the Mortgagee and executed as a deed by the Mortgagor and is intended to be
and is hereby delivered by it as a deed on the date specified above.

 

    27

     

    

 

Schedule
1

 

Instrument
of Transfer

 

AGIIPLUS
INC. 

(the
Company)

 

The
undersigned, ____________________ of ____________________ (the Transferor)

 

DO
HEREBY transfer to the ____________________ of ____________________ (the Transferee),

 

_____________
shares standing in our name in the undertaking called

 

AgiiPlus
Inc. to hold the same unto the Transferee

 

Dated this         day
of                      ,
20__
 

Executed
as a deed by the Transferor

in
the presence of:

 

	 	 	J.distrii
    Global Limited
		 	
	(Witness)	 	(Transferor)
		 	Name:
		 	Title:

 

Signed
by way of acceptance by the Transferee

 

in
the presence of:

 

		 	
	(Witness)	 	(Transferee)
		 	Name:

 

    28

     

    

 

Schedule
2

 

Irrevocable
Appointment Of Proxy And Power Of Attorney

 

AgiiPlus
Inc.

 

We,
J.distrii Global Limited, hereby irrevocably appoint City Connected Communities Pte. Ltd., and its successors, permitted
transferees and permitted assigns (in each case with full power to appoint a nominee or nominees to act hereunder from time to time,
(the Attorney)) as our:

 

		1.	proxy
                                            to vote at meetings of the members of AgiiPlus Inc. (the Company) in respect of the
                                            __________________ ordinary shares in the Company, represented by share certificate number
                                            ______________ (the Shares), which are issued and/or registered in our name; and

 

		2.	duly
                                            authorised representative and duly appointed and lawful attorney-in-fact to sign resolutions
                                            in writing of the Company in respect of the Shares.

 

The
Shares have been mortgaged to the Attorney pursuant to an Equitable Share Mortgage dated [●] between J.distrii Global Limited as
Mortgagor and the Attorney as Mortgagee (the Equitable Share Mortgage).

 

Notwithstanding
anything contained in this instrument, the irrevocable power of attorney and proxy shall only be exercisable upon and after the occurrence
of an Event of Default which is continuing (as defined in and construed in accordance with the Equitable Share Mortgage).

 

This
proxy and power of attorney are irrevocable by reason of being coupled with the interest of City Connected Communities Pte. Ltd., and
its successors, permitted transferees and permitted assigns as mortgagee of the Shares.

 

[Signature
page follows]

 

    29

     

    

 

IN
WITNESS whereof this Deed has been executed on ______________________.

 

	EXECUTED
    AS A DEED for and on behalf of 	)	 
	J.DISTRII
    GLOBAL LIMITED	)	 
	 	 	)	 
	 	 	)	 
	 	 	)	 
	 	 	 	Duly Authorised Signatory
	 	 	 	 
	 	 	 	Name:	     
	 	 	 	Title:	 
	 	 	 
	 	 	 
	Signature of Witness	 	 
	 	 	 	 
	Name:	 	 	 
	 	 	 	 
	Address:	 	 	 
	 	 	 	 

 

    30

     

    

 

Schedule
3

 

Written
Resolutions of the Directors of the Company

 

AgiiPlus
Inc.

 

(the
Company)

 

Written
resolutions of the directors of the company dated_______________

 

		1.	The
                                            Company

 

		1.1	Written
                                            resolution of all the directors made pursuant to the articles of association of the Company.

 

		2.	Share
                                            transfer

 

		2.1	It
                                            is resolved in accordance with the terms and conditions of the Share Mortgage dated [Date]
                                            between J.distrii Global Limited and City Connected Communities Pte. Ltd., that the following
                                            transfer(s) of the shares of the Company be approved with immediate effect:

 

	#
	Transferor
	Transferee
	Number
    of Transferred Shares

	1.       
	J.DISTRII
    GLOBAL LIMITED
	[
                  ]
	[
                     ]

    (in
    any event not more than 3,097,893)

 

	3.	Register
                                of members

 

	3.1	It
                                            is resolved that the Register of Members of the Company be updated to record the transfer
                                            of the shares to the transferee referred to above and the registered office provider of the
                                            Company be hereby authorised and instructed to:

 

		(a)	update
                                            the original Register of Members if it retains the original or update its copy of the Register
                                            of Members if it retains a copy of the Register of Members to record the transferee as the
                                            registered holder of the relevant shares; and

 

		(b)	provide
                                            a copy of the updated Register of Members to the transferee.

 

	 	 	 
	[Name]	 	[Name]
	Director	 	Director

 

    31

     

    

 

Schedule
4

 

Director's
Letter of Authorisation

 

Date:
________________

 

To:
City Connected Communities Pte. Ltd.

 

Dear
Sirs

 

Share
Mortgage dated [Date] between J.distrii Global Limited and City Connected Communities Pte. Ltd. (the Share
Mortgage) in respect of shares in Agiiplus Inc. (the Company)

 

I
refer to this letter and the executed but undated written resolutions of all the directors of the Company signed by me and provided in
accordance with the Share Mortgage.

 

I
hereby irrevocably and unconditionally authorise you to date and otherwise complete:

 

(a)
the written resolutions referred to above; and

 

(b)
any other document provided to you by me in accordance with the Share Mortgage,

 

in
each case, at any time on and from the date that the Share Mortgage becomes enforceable in accordance with its terms.

 

I
confirm that you may delegate the authority conferred by this letter to any of your successors, permitted transferees and permitted assigns
in relation to the Share Mortgage.

 

	SIGNED, SEALED AND DELIVERED
    as a DEED	)
	by [insert name of director]	)
	in the presence of:	)

 

	 	Signature	......................................................
	 	 	 
	 	Signature of witness	......................................................
	 	 	 
	 	Name of witness	......................................................
	 	 	 
	 	Address of witness	......................................................
	 	 	 
	 	 	......................................................
	 	 	 
	 	 	......................................................
	 	 	 
	 	Occupation of witness	......................................................

 

 

    32

     

    

 

Schedule
5

 

Deed
of undertaking and confirmation

 

Agiiplus
Inc.

 

[Date]

 

City
Connected Communities Pte. Ltd. (the Mortgagee, which expression includes its successors, permitted transferees and permitted
assigns)

 

Dear
Sirs

 

Agiiplus
Inc. (the Company)

 

We
refer to the share mortgage in respect of shares in the Company (the Shares) dated [Date] between J.distrii Global Limited (the
Mortgagor) and the Mortgagee whereby the Mortgagor granted a mortgage and charge over the Shares in favour of the Mortgagee (the
Share Mortgage).

 

Capitalised
words and expressions used herein and which are not expressly defined herein have the meanings ascribed to them in the Share Mortgage.

 

This
deed of undertaking and confirmation is given pursuant to the Share Mortgage.

 

		1.	The
                                            Company irrevocably and unconditionally (a) consents to any transfer of the Shares pursuant
                                            to the enforcement by the Mortgagee of any of its rights under the Share Mortgage and (b)
                                            undertakes to promptly register (and permits the Mortgagee or its nominee(s), if they have
                                            custody of the original register of members of the Company (the Register of Members)
                                            to register) any transfer of Shares to the Mortgagee or its nominee that is submitted to
                                            the Company for registration pursuant to an enforcement of the Share Mortgage.

 

		2.	The
                                            Company confirms that it has instructed its registered office provider to make a notation
                                            of the of the Share Mortgage in its Register of Members as required by the terms of the Share
                                            Mortgage and that this annotation, once added, should not be removed at any time during the
                                            Security Period other than with the prior written consent of the Mortgagee.

 

		3.	The
                                            Company confirms that the copy Register of Members provided to the Mortgagee pursuant to
                                            the Share Mortgage is a certified copy of the original Register of Members and it will not
                                            re-designate or otherwise seek to re-create its original Register of Members or maintain
                                            the Register of Members with any person or in any place other than at the office of its registered
                                            office provider in the Cayman Islands, with whom the letter of instructions in substantially
                                            the form set out in Schedule 6 (Letter of Instruction to Registered Office Provider)
                                            of the Share Mortgage has been entered into pursuant to Clause 5(a)(viii) (Delivery of
                                            Documents) of the Share Mortgage.

 

		4.	The
                                            Company confirms that none of the Mortgaged Property is subject to or affected by any Restrictions
                                            Notice issued by it or its registered office provider pursuant to the Companies Act.

 

THIS
DEED has been executed and delivered on the day
and year first above written.

 

    33

     

    

 

	EXECUTED AS A DEED for and on behalf
    of	)	 
	AGIIPLUS
    INc.	)	 
	by:	 	)	Duly Authorised Signatory
	 	 	)	 
	 	 	)	Name:	    
	 	 	)	 
	 	 	)	Title:	 
	 	 	 	 
	in the presence of:	 	 
	 	 	 	 
	Signature of Witness	 	 
	 	 	 	 
	Name:	 	 	 
	 	 	 	 
	Address:	 	 	 

 

    34

     

    

 

Schedule
6

 

Letter
of Instruction to Registered Office Provider

 

Date:
__________________

 

		To	Ogier
Global (Cayman) Limited

89
Nexus Way,

Camana
Bay, Cayman Islands

 

Dear
Sirs

 

Irrevocable
letter of instruction to Ogier Global (Cayman) Limited (the Registered Office Provider) in respect of mortgage and charge over shares
issued by Agiiplus Inc. (the Company) to J.distrii Global Limited (the Mortgagor)

 

1
You are the Registered Office Provider of the Company.

 

2
We enclose at schedule 1 a copy of an equitable share mortgage dated [●] (the Mortgage) executed between the Mortgagor and
City Connected Communities Pte. Ltd. (the Mortgagee, which expression shall include its successors, permitted transferees and
permitted assigns) pursuant to which the Mortgagor mortgaged and charged, among other things, shares held by it in the Company from time
to time (the Shares) in favour of the Mortgagee. Capitalised terms defined in the Mortgage (unless otherwise defined herein) have
the same meaning in this letter.

 

3
Pursuant to clause 4(a) of the Mortgage, the Company is required to make a notation of the Mortgage on its register of members as soon
as practicable after the Repurchase Closing.

 

4
Pursuant to the deed of undertaking delivered by the Company to the Mortgagee pursuant to clause 5(a)(vi) of the Mortgage, the Company
must not re-designate or otherwise seek to re-create its original register of members or maintain its original register of members with
any person or in any place other than at your office in the Cayman Islands.

 

5
We hereby irrevocably and unconditionally, authorise, instruct and direct you that:

 

(a)
you must annotate the register of members of the Company as soon as practicable after the Repurchase Closing (the date of the Repurchase
Closing as notified to you in writing by the Mortgagee being conclusive for all intents and purposes) as referred to above and you must
not remove the annotation from the register of members of the Company at any time when any Secured Obligations remain outstanding except
with the prior written consent of the Mortgagee;

 

(b)
you must maintain the original register of members of the Company at your office in the Cayman Islands;

 

(c)
any transfer of the Shares pursuant to, or in connection with, an enforcement of the security created by the Mortgage be and is hereby
approved;

 

(d)
you must, on request by the Mortgagee or its legal advisors, register any transfer of any Share to the Mortgagee, its nominee or to any
third party as it or its legal advisors may direct;

 

    35

     

    

 

(e)
you must accept instructions from the Mortgagee or its legal advisors without the requirement for any further approval or instruction
from us;

 

(f)
in the event of any conflicting instructions being given by us which conflict with any instructions that are given by the Mortgagee or
its legal advisors, the instructions of the Mortgagee or its legal advisors are to prevail and you must comply with the instructions
of the Mortgagee or its legal advisors; and

 

(g)
you must accept any payment of fees from the Mortgagee in relation to any steps required to be taken by you in relation to enforcement
of the Mortgage or otherwise, including, without limitation, any payment of fees owed by the Company in order to restore the Company
to good standing.

 

6
This letter of instruction:

 

(a)
shall remain in force until the Mortgagee notifies you in writing that the security created pursuant to the Mortgage has been released;
and

 

(b)
is governed by Cayman Islands law.

 

Please
confirm by countersigning below and returning a copy of such countersigned letter to us with a copy to the Mortgagee that you have received
this correspondence and that you will action the above and update your records accordingly.

 

Yours
faithfully

 

 

 

Name:

Title:

for
and on behalf of

Agiiplus
Inc.

 

Accepted
and agreed

 

 

 

Name:

for
and on behalf of

Ogier
Global (Cayman) Limited

 

Signed

 

 

 

Name:

Title:

for
and on behalf of

City
Connected Communities Pte. Ltd.

 

    36

     

    

 

	The Mortgagor	 	 
	 	 	 
	EXECUTED	)	 
	as a DEED by	)	 
	J.DISTRII GLOBAL LIMITED	)	 
	acting through its duly authorised signatory	)	 
	in the presence of	)	Name of signatory:
	 	 	 
	Signature of witness:	 	 	 
	Name of witness:	 	 	 

 

Signature
page to Cayman Share Mortgage

 

    37

     

    

 

The
Mortgagee

 

CITY
CONNECTED COMMUNITIES PTE. LTD.

 

	By:	 	 

 

Signature
page to Cayman Share Mortgage

 

 

 38Exhibit 10.10

 

Business Cooperation Agreement

 

This business cooperation agreement
(hereinafter referred to as “the Agreement”) is signed by the following parties in Shanghai, the People’s Republic
of China (hereinafter referred to as “China”) on May 20, 2022.

 

Party A: Shanghai Huiying Real Estate Agency
Co., Ltd.

 

Address: Building 1, No. 5601, Yanqian Highway,
Fengxian District, Shanghai

 

Party B: Shanghai Zhiban Internet of Things
Technology Co., Ltd.

 

Address: Room 1101, No. 5, Bibo Road, China (Shanghai)
Pilot Free Trade Zone

 

Party A and Party B shall be
individually referred to as the “party” and collectively referred to as the “parties” hereinafter.

 

Whereas:

 

		1.	Party A is a domestic-funded company established in China, which is mainly engaged in real estate brokerage,
real estate information consulting and other business;

 

		2.	Party B is a domestic-funded company established in China, which has the ability and necessary resources
to provide the Internet information service;

 

		3.	Party B agrees to provide Party A or its affiliates with technology support, consulting and other services
related to the Internet information service during the period of the Agreement, and Party A agrees to accept various services provided
by Party B according to the provisions in the Agreement.

 

Accordingly, Party A and Party
B reach the following agreement upon consensus through negotiation:

 

		1.	Provision of services

 

		1.1	According to the terms and conditions of the Agreement, Party A hereby appoints Party B as Party A’s
service provider during the period of the Agreement to provide Party A with comprehensive technology support, consulting service and other
services, including but not limited to the following contents:

 

		(1)	Permit Party A to use the relevant software over which Party B has the legal rights;

 

		(2)	Development, maintenance and updating of relevant application software required by Party A’s business;

 

		(3)	Design, installation, and daily management, maintenance and updating of the computer network system, hardware
equipment and database;

 

		(4)	Technology support and professional training for the relevant personnel of Party A;

 

		(5)	Provide Party A with the customer order management and customer service;

 

     

     

    

 

		(6)	Provide Party A with the service of releasing information on network platform;

 

		(7)	For the purpose of cooperation between the parties, provide Party A with the user information of Party
B’s Internet platform, and authorize Party A to use and process relevant user data to the extent necessary; And

 

		(8)	Provide other relevant services from time to time at the request of Party A to the extent permitted by
Chinese laws.

 

		1.2	Party A and Party B agree that during the period of validity of the Agreement, as the case may be, Party
A can further sign the service agreement with Party B or other parties designated by Party B to stipulate the specific content, method,
personnel and charges of various services.

 

		1.3	The parties agree that the services provided by Party B for Party A under the Agreement shall also apply
to Party A’s affiliates and that Party A shall urge its affiliates to exercise the rights and perform the obligations in accordance
with the Agreement.

 

		2.	Service price and payment method

 

During the period
of validity of the Agreement, the expenses Party A shall pay to Party B shall be calculated in the following ways:

 

		2.1	For the services provided by Party B for Party A, Party A shall pay the service charges to Party B truthfully
according to the actual service charges every month.

 

		2.2	Party B shall check the account with Party A in terms of the service charges of the previous month at
the beginning of each month, and upon the confirmation made by the parties, Party B shall issue the VAT special invoices, and Party A
shall pay the service charges within 1 month after receiving the invoices.

 

		2.3	If Party B transfers technology to Party A or is entrusted by Party A to carry out software or other technology
development or leases the equipment or assets to Party A, then the technology transfer fee, entrusted development expense or rent shall
be determined by the parties according to the actual situation.

 

		2.4	The parties shall respectively bear the taxes and dues to be paid according to law for their signing and
performance of the Agreement.

 

		3.	Confidentiality clause

 

The parties shall acknowledge and confirm
that any oral or written materials related to the Agreement, the contents of the Agreement and exchanged by each other for the preparation
or performance of the Agreement shall be deemed as confidential information. The parties shall keep all such confidential information
confidential, and shall not disclose any confidential information to any third party without the written consent of the other party, except
for the following information: (a) Any information that is known or will be known by the public (only when the information is not arbitrarily
disclosed to the public by the party receiving the confidential information); (b) Any information that needs to be disclosed according
to the applicable laws and regulations, stock trading rules, or the orders of the government department or the court; or (c) The information
that either party needs to disclose to its shareholders, directors, employees, or legal or financial consultants due to the transaction
referred to in the Agreement; such shareholders, directors, employees, or legal or financial consultants shall also observe the confidentiality
liability similar to this article. The disclosure of shareholder, director, employee or employed agency of either party shall be deemed
as the disclosure of that party, and the party shall bear the liability for breach of contract in accordance with the Agreement.

 

		4.	Representations and warranties

 

		4.1	Party A’s representations, warranties and commitments are as follows:

 

		4.1.1	Party A is a company registered legally and exists effectively according to Chinese laws.

 

		4.1.2	Party A has taken necessary corporate actions, obtain the necessary authorizations and obtain the consent
and approval of the third parties and government departments (if required) to sign, deliver and perform the Agreement; Party A’s
signing, delivery and performance of the Agreement do not violate the clear provisions in the laws and regulations.

 

		4.1.3	The Agreement constitutes legal, valid, binding and enforcement obligation according to the clauses of
the Agreement.

 

    2

     

    

 

		4.2	Party B’s representations, warranties and commitments are as follows:

 

Party B is a
company registered legally and exists effectively according to Chinese laws; Party B or the service providers designated by it will obtain
all governmental permits and licenses required by providing any service before providing such service in accordance with the Agreement.

 

		4.2.2	Party B has taken necessary corporate actions, obtain the necessary authorizations and obtain the consent
and approval of the third parties and government departments (if required) to sign, deliver and perform the Agreement; Party B’s
signing, delivery and performance of the Agreement do not violate the clear provisions in the laws and regulations.

 

		4.2.3	The Agreement constitutes legal, valid, binding and enforcement obligation according to the clauses of
the Agreement.

 

		4.2.4	There is no pending or threatened (to its knowledge) lawsuit, arbitration or other judicial or administrative
proceedings which will affect Party B’s performance of its obligations hereunder.

 

		4.2.5	At the time of providing the services, Party B shall observe all applicable laws and regulations and industry
rules, including but not limited to the provisions on the aspects such as network safety, personal information protection and data safety.

 

		5.	Term of the Agreement

 

		5.1	The Agreement shall become effective on the day it is duly signed by the parties. The period of validity
of the Agreement is 2 years. Within 5 days before the expiration of the Agreement, unless either party sends a notice of agreement termination
to the other party, the Agreement shall be automatically extended for 1 year in accordance with the original conditions and terms (including
but not limited to service price), and so on.

 

		5.2	After the Agreement is terminated, the rights and obligations of the parties under Article 3, Article
6 and Article 7 will remain valid.

 

		6.	Applicable law and dispute resolution

 

		6.1	The conclusion, effectiveness, interpretation, performance, modification and termination of the Agreement,
as well as dispute resolution shall be subject to the Chinese laws.

 

		6.2	Any dispute arising from the interpretation and performance of the Agreement shall be resolved by the
parties first through friendly negotiation. If it still cannot be resolved within 30 days after one party issues the written notice of
requiring to resolve through negotiation to the other party, either party can submit the relevant dispute to Shanghai International Arbitration
Center in Shanghai, and the Center will resolve through arbitration according to its arbitration rules. The arbitration shall take place
in Shanghai. The arbitration award is final and binding on the parties.

 

		6.3	In case of any dispute arising from the interpretation and performance of the Agreement or any dispute
under arbitration, except the disputed matter, the parties shall still continue to exercise their other rights under the Agreement and
perform their other obligations under the Agreement.

 

		7.	Liability for breach of contract and compensation

 

		7.1	If either party violates any agreement made under the Agreement, the observant party shall have the right
to require the default party to compensate for damages; this Article 7.1 shall not interfere with any other rights of the observant party
under the Agreement.

 

		7.2	Unless otherwise stipulated in laws, Party B shall not have the right to unilaterally terminate or dissolve
the Agreement in any circumstance, and even so, Party A shall have the right to terminate the Agreement by sending a written notice to
Party B thirty (30) days in advance.

 

    3

     

    

 

		7.3	Any loss, damage, responsibility or expense incurred by lawsuit, request or other requirements against
Party A generated or caused by the service provided by Party B to Party A according to the Agreement shall be compensated by Party B for
Party A, so that Party A will not suffer from any damage, unless the loss, damage, responsibility or expense are generated by gross negligence
or willful misconduct of Party A.

 

		8.	Force majeure

 

		8.1	If either party of the Agreement is unable to perform or unable to fully perform the Agreement directly
due to the earthquake, typhoon, flood, fire, epidemic disease, war, strike as well as any other force majeure event that cannot be foreseen
and cannot be avoided by the affected party (“force majeure”), then the party affected by the above force majeure shall
not be liable for such non-performance or partial performance. However, such affected party shall immediately send a written notice to
other party without any delay, and shall provide the details of the force majeure events to the other party within fifteen days after
it sends this written notice to explain the reasons for such non-performance, partial non-performance or its need of delaying in performance.

 

		8.2	If the party claiming the force majeure is unable to notify the other party and provide the appropriate
evidence according to the above stipulations, it shall not be exempted from the responsibilities for failing to perform its obligations
under the Agreement. The party affected by the force majeure shall make reasonable efforts to minimize the consequences caused by such
force majeure, and shall resume the performance of all relevant obligations as soon as possible upon the end of such force majeure. If
the party affected by the force majeure fails to resume the performance of relevant obligations after the reason for being exempted from
the performance of obligations temporarily due to the force majeure disappears, such party shall be responsible to the other party for
it.

 

		8.3	In case of the force majeure, the parties shall immediately negotiate with each other to conclude a fair
solution, and shall make all reasonable efforts to minimize the consequences caused by such force majeure.

 

		9.	Notice

 

		9.1	All notices and other correspondences required or issued under the Agreement shall be sent by personal
delivery, registered post, postage prepayment or commercial express service or fax. Each notice shall also be sent by E-mail. The date
of effective service of such notices shall be determined as follows:

 

		9.1.1	If the notice is sent by personal delivery, express service or registered post and postage prepayment,
the date of receiving or rejection at the address set as address of notice is the effective date of service.

 

		9.1.2	If the notice is sent by fax, the date of successful transmission is the effective date of service (the
transmission confirmation information generated automatically shall be the proof).

 

		10.	Transfer of the Agreement

 

		10.1	Party B shall not transfer its rights and obligations under the Agreement to any third party, unless being
agreed by Party A in written form in advance.

 

		10.2	Party B hereby agrees that Party A can transfer its rights and obligations under the Agreement to any
third party, and in case of such transfer, Party A only needs to issue a written notice to Party B without requiring to obtain the consent
of Party B for such transfer.

 

    4

     

    

 

		11.	Severability of the Agreement

 

If any or multiple provisions in the
Agreement are judged as invalid, illegal or unenforceable in any aspect according to any law or regulation, the validity, legality or
enforceability of other provisions of the Agreement shall not be affected or damaged in any aspect thereby. The parties shall strive to
replace those invalid, illegal or unenforceable provisions with valid provisions permitted by laws and to the maximum extent expected
by the parties through sincere negotiation, and the economic effects generated by such valid provisions shall be similar to the economic
effects generated by those invalid, illegal or unenforceable provisions as much as possible.

 

		12.	Modification and supplement of the Agreement

 

The parties may modify and supplement
the Agreement in writing. The modification agreement and the supplementary agreement, signed by the parties, of the Agreement are integral
to the Agreement and have the same legal force as the Agreement.

 

		13.	Entire contract

 

In addition to written amendments,
supplements or modifications after signing the Agreement, the Agreement shall constitute the entire contract between the parties hereto
regarding the subject matter hereof and shall supersede all previous negotiations, representations and agreements between the parties
regarding the subject matter hereof, whether oral or written.

 

		14.	Waiver

 

Either party can waive the terms and
conditions of the Agreement, but it must be made in written form and signed by the parties. The waiver by one party in respect of the
breach of contract by the other party in some situations shall not be deemed as its waiver in respect of similar breach of contract by
the other party in other situations.

 

		15.	Language and copies

 

The Agreement is in duplicate and in
Chinese, and Party A and Party B shall hold one copy respectively. The two copies are equally effective.

 

[The rest of this page is intentionally left
blank]

 

 

    5

     

    

 

In witness whereof, the parties have made their
authorized representatives sign this business cooperation agreement on the date first written above, which shall take effect immediately
to be abided by.

 

	Party A: Shanghai Huiying Real Estate Agency Co., Ltd. (Sealed)
	 
	Special Seal for Contract of Shanghai Huiying Real Estate Agency Co., Ltd. (Seal)
	Signature:	 	 
	Name:	 	 
	Position:	 	 

 

Signature page of the Business Cooperation Agreement

 

    6

     

    

 

In witness whereof, the parties have made their
authorized representatives sign this business cooperation agreement on the date first written above, which shall take effect immediately
to be abided by.

 

	Party B: Shanghai Zhiban Internet of Things Technology Co., Ltd. (Sealed)
	 
	Special Seal for Contract of Shanghai Zhiban Internet of Things Technology Co., Ltd. (Seal)
	Signature:	 	 
	Name:	 	 
	Position:	 	 

 

Signature page of the Business Cooperation Agreement

 

 

7

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