Document:

Exhibit 10.7

 

SHARE REPURCHASE AGREEMENT

 

This Share Repurchase Agreement
(this “Agreement”) is entered into as of August 16, 2021 (the “Effective Date”) by and between the
following parties:

 

		(1)	CITY CONNECTED COMMUNITIES PTE. LTD., a private limited company duly incorporated and validly existing
under the laws of Singapore (the “Selling Shareholder”); and

 

		(2)	AGIIPLUS INC., an exempted company incorporated with limited liability under the laws of the Cayman
Islands with company number 371912 and having its registered office at 89 Nexus Way, Camana Bay, Grand Cayman, KY1-9009, Cayman Islands
(the “Company”).

 

The Selling Shareholder
and the Company shall be hereinafter referred to as a “Party” respectively, and as the “Parties”
collectively.

 

RECITALS

 

WHEREAS, for the purpose
of overseas listing, Shanghai Distrii Technology Development Co., Ltd. (“Shanghai Distrii”), its existing shareholders
and certain other parties entered into a Restructuring Framework Agreement on August 16, 2021 (the “Restructuring Framework Agreement”),
pursuant to which equity interests in Shanghai Distrii held by its existing shareholders will effectively be “rolled over”
into shares in the Company and each existing shareholder will, itself or through its nominee, indirectly hold equity interests in Shanghai
Distrii (the “Cross-border Restructuring”).

 

WHEREAS, under the Restructuring
Framework Agreement, the Selling Shareholder agreed to subscribe for 3,097,893 series A+ convertible redeemable participating preferred
shares in the Company of par value US$0.0001 each (the “Repurchased Shares”) for a consideration of RMB50,000,000.

 

WHEREAS, subject to completion
of the Cross-border Restructuring (including the subscription of the Repurchased Shares), 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.

 

WHEREAS, the Company wishes
to repurchase the Repurchased Shares from the Selling Shareholder and the Selling Shareholder wishes to sell the Repurchased Shares to
the Company subject to the terms and conditions under this Agreement.

 

    

     

    

 

NOW THEREFORE, in consideration
of the mutual covenants set forth herein, the parties agree as follows:

 

		1	Repurchase of Shares 

 

		1.1	Agreement to Repurchase. If (a) the Cross-border Restructuring is terminated in accordance with
the terms of the Restructuring Framework Agreement; (b) the Company has not entered into any Business Combination Agreement on or before
30 June 2022; or (c) the Company has entered into a Business Combination Agreement but closing under the Business Combination Agreement
has not occurred on or before 30 June 2022 or such later date mutually agreed by the Selling Shareholder and the Company in writing (each
a “Trigger Event”), the Selling Shareholder shall have the right to require the Company to repurchase the Repurchased
Shares, exercisable by way of the Selling Shareholder delivering a written notice (specifying a closing date of such repurchase ("Closing
Date") which shall be no earlier than 10 Business Days after the date of such notice) to the Company on or after the occurrence
of a Trigger Event. Upon delivery of the written notice, the Selling Shareholder shall sell, assign, transfer, convey and deliver to the
Company, and the Company shall repurchase from the Selling Shareholder, all of the legal and beneficial right, title and interest in and
to the Repurchased Shares on the Closing Date in accordance with the terms and conditions set forth herein (the “Repurchase”).
The Parties shall take all actions necessary to consummate the Repurchase of the Repurchased Shares, free of all liens, claim, restriction
upon transfer, mortgage, pledge, security interest, option, right of first refusal, co-sale right, community property interest, charges
and any agreement to provide any of the foregoing or other encumbrances of any kind, save as provided under the shareholders agreement
and the amended and restated memorandum and articles of association of the Company.

 

		1.2	Repurchase Price. The Company agrees to repurchase the Repurchased Shares at the aggregate purchase
price of RMB 50,000,000 (the “Repurchase Price”). The Repurchase Price shall be paid on the Closing Date.

 

		1.3	Payment of the Repurchase Price. The Parties agree that the Company shall pay the Repurchase Price
by issuing a convertible promissory note (the “Convertible Promissory Note”) in the form and content as set out in
Schedule 1. Upon the issuance of the Convertible Promissory Note, the Repurchase Price shall be deemed to have been fully paid.

 

		1.4	Share Mortgage. The Company shall ensure that the following documents are delivered to the Selling Shareholder
on the date of this Agreement in form and substance satisfactory to the Selling Shareholder:

 

		(1)	an Equitable Share Mortgage substantially in the form as set out in Schedule 2 (the “Share Mortgage”)
duly executed by J.distrii Global Limited, under which certain shares held by J.distrii Global Limited in the Company would be mortgaged
and charged to the Selling Shareholder as security for the due and prompt discharge and payment of the Secured Obligations (as defined
in the Share Mortgage) which include payment obligations owed to the Selling Shareholders under this Agreement and the Convertible Promissory
Note; and

 

		(2)	all documents, letters, instruments, proxies, resolutions and deeds required to be delivered to the Selling
Shareholder pursuant to the Share Mortgage; and

 

		(3)	a certified copy of the Amended and Restated Memorandum and Articles of Association of the Company, substantially
in the form as set out in Schedule 3, and a certified copy of the shareholders' resolutions of the Company adopting the same.

 

    -2-

     

    

 

		2	Closing

 

		2.1	Closing Date. Subject to Section 1.4 having been complied with, the closing of the Repurchase in
accordance with Section 1.1 (the “Closing”) shall take place on the Closing Date remotely via the exchange of
documents and signatures immediately after satisfaction or waiver of all of the conditions precedent set forth in Section 2.2,
Section 2.3 and Section 2.4.

 

		2.2	Closing Deliveries. At the Closing,

 

		(1)	the Company shall deliver to the Selling Shareholder a copy of updated register of members of the Company,
certified by the registered office provider of the Company, reflecting the repurchase of Repurchased Shares by the Company; and

 

		(2)	the Company and the Selling Shareholder shall deliver to each other their respective executed counterparts
of the Convertible Promissory Note; and

 

		(3)	the Company shall deliver to the Selling Shareholder a certified copy of its constitutional documents
and statutory registers (including its register of members, register of directors and register of mortgages and charges) and a certificate
of good standing issued by the Registrar of Companies in the Cayman Islands in respect of the Company, dated not earlier than one month
prior to the date of Closing.

 

		2.3	Obligations of the Selling Shareholder at the Closing. At the Closing, the Selling Shareholder
shall take all actions to effect the Repurchase (unless they are waived by the Company in writing), including without limitation the following:

 

		(1)	the Selling Shareholder shall transfer the Repurchased Shares to the Company on the Closing Date in accordance
with the terms and conditions of this Agreement.

 

		(2)	At or prior to the Closing, the Selling Shareholder shall deliver to the Company the original certificate
corresponding to the Repurchased Shares for cancellation.

 

		2.4	Obligations of the Company at the Closing. At the Closing, the Company shall take all actions to
effect the Repurchase hereof (unless they are waived by the Selling Shareholder in writing). In particular, at the Closing, the Company
shall deliver certified copies of the duly passed board resolutions and shareholders' resolutions of the Company, approving the Repurchase
and the execution and delivery of this Agreement and the Convertible Promissory Note.

 

		3	Representations and Warranties

 

		3.1	Representations and Warranties of the Selling Shareholder. The Selling Shareholder hereby represents
and warrants to the Company on and as of the Effective Date and the Closing Date as follows (and any other representations and warranties
is expressly excluded):

 

		(1)	The Selling Shareholder is the sole legal and beneficial owner of the Repurchased Shares, free and clear
of any encumbrances (other than those set out in the shareholders’ agreement and amended and restated memorandum and articles of
association of the Company), including, without limitation, any pledges, mortgages, liens, charges, claims and any restrictions on transfer
or other encumbrances.

 

    -3-

     

    

 

		(2)	This Agreement has been duly executed and delivered by the Selling Shareholder and constitutes a valid
and legally binding obligation of the Selling Shareholder, enforceable against the Selling Shareholder in accordance with its terms.

 

		(3)	The Selling Shareholder has the right to dispose of and sell the Repurchased Share in accordance with
the provisions set forth in this Agreement.

 

		(4)	The Selling Shareholder has all the necessary authorization and capacity to enter into and to perform
its obligations under this Agreement. The execution and delivery by the Selling Shareholder of this Agreement, and the performance by
the Selling Shareholder of its obligations hereunder will not result in (i) a breach of any contracts or documents to which the Selling
Shareholder is a party or is otherwise bound, or (ii) a violation of any statutes, laws, regulations or orders to which the Selling Shareholder
is subject.
	 	 	 

		(5)	No permit, authorization, order, consent or approval of or by, or any registration or filing with or notice
to, any person (governmental or private) is required in connection with the execution, delivery and performance by the Selling Shareholder
of this Agreement or the consummation by the Selling Shareholder of the transactions contemplated hereby, except as has been obtained
by the Selling Shareholder as of the date hereof.
	 	 	 

		(6)	The Selling Shareholder is willing to, and hereby does, forgoes through the sale of the Repurchased Shares
the potential for future economic gain that might be realized from owning the Repurchased Shares. The Selling Shareholder acknowledges
and agrees that the Repurchase Price may not adequately reflect all available information. The Selling Shareholder understands that the
Company’s plans for the future, if successful, may result in the Company’s capital shares becoming significantly more valuable
and that the future value of the Repurchased Shares could far exceed the Repurchase Price. The Selling Shareholder acknowledges and understands
that the Company may pursue various mergers, acquisitions and liquidity events, including, without limitation, an initial public offering
of the Company’s securities on a stock exchange. Nevertheless, the Selling Shareholder is selling the Repurchased Shares of the
Selling Shareholder’s own free will with the full understanding of such potential mergers, acquisitions and liquidity events.

 

		3.2	Representations and Warranties of the Company The Company hereby represents and warrants to the
Selling Shareholder on and as of the Effective Date and the Closing Date that the Company is duly incorporated and validly existing with
limited liability and in good standing under the laws of the Cayman Islands, has all the necessary authorization and capacity, to enter
into and to perform its obligations under this Agreement, and this Agreement constitutes a legal, valid and binding obligation of the
Company, enforceable against it in accordance with its terms. The execution and delivery by the Company of this Agreement, and the performance
by the Company of its obligations hereunder will not result in (i) a breach of its constitutional documents or of any contracts or documents
to which the Company is a party or is otherwise bound, or (ii) a violation of any statutes, laws, regulations or orders to which the Company
is subject. No permit, authorization, order, consent or approval of or by, or any registration or filing with or notice to, any person
(governmental or private) is required in connection with the execution, delivery and performance by the Company of this Agreement or the
consummation by the Company of the transactions contemplated hereby, except as has been obtained by the Company as of the date hereof.
The Company hereby further represents and warrants that without the prior written consent of the Selling Shareholder, it will not amend
its constitutional documents which will remain in full force and effect without modification.

 

    -4-

     

    

 

		4	Liquidated damages

 

		4.1	Subject to Section 5.2 of this Agreement, in the event that the Closing does not occur at the Closing
Date, the Company shall pay to the Seller Shareholder liquidated damages calculated as below as compensation for losses or damages suffered
by the Selling Shareholder.

 

The liquidated damages shall be the sum of (i)
RMB50,000,000 and (ii) the interests of RMB50,000,000 accruing at simple rate of eight per cent (8%) from and including the 11th Business
Day after the date of the written notice delivered by the Selling Shareholder under Section 1.1 to the date on which the liquidated damages
are paid.

 

		4.2	The Parties agree that:

 

		(i)	The Selling Shareholder has legitimate commercial interests in requiring that the Closing occurs at the
Closing Date; and

 

	 	(ii)	the liquidated damages are proportionate to such legitimate interests, are in all respects fair and reasonable
and represent a genuine pre-estimate of the losses, damages and expenses likely to be suffered or incurred by the Selling Shareholder
arising out of the failure of Closing at the Closing Date.

 

		5	Miscellaneous

 

		5.1	Entire Agreement and Amendment. This Agreement (including the schedules hereto) and the Share Mortgage
represent the entire understanding of the Parties with respect to the subject matter hereof and supersedes all previous understandings,
written or oral. This Agreement may only be amended with the written consents of the Selling Shareholder, the Company or the due successors
or assigns of the foregoing.

 

		5.2	Force Majeure. “Force Majeure” event shall mean any act or event which is reasonably
unforeseeable, unavoidable and beyond control of the affected party, including without limitation earthquake, typhoon, flood and other
natural disasters, fire, war, riots, terrorism or any other unforeseeable or unavoidable act or event which is recognized by the international
business practice as Force Majeure, provided that the event which is caused by market change or the operations of a Party shall not be
deemed as force majeure.

 

If a Party is prevented by Force Majeure event
from performing any of its obligations or liabilities under this Agreement, such Party shall notify the other Party in writing within
thirty (30) days after the occurrence of such Force Majeure event, and provide the other Party with detailed information of the Force
Majeure event and the document proving such event, including the documentary evidence issued by the government authority or judicial authority
or any other competent authority, in order to explain the reason for its non-performance, and to the extent possible, take measures to
mitigate losses.

 

If Force Majeure event arises, no Party shall
be under any liability for any damage, increased costs or losses which may be suffered by the other Party due to its failure or delay
in performing any of its obligations under this Agreement as a result of the Force Majeure event, and such failure or delay shall not
be deemed as a breach of this Agreement. The Party claiming Force Majeure shall take proper measures to mitigate or eliminate the effects
of the Force Majeure, and manage to resume performance of the obligations affected by the Force Majeure in the shortest possible time.

 

    -5-

     

    

 

		5.3	Confidentiality. Except as may be required by law, neither of the Parties shall disclose to any
third party the terms and conditions of this Agreement or the transactions contemplated hereby without prior approval by the other Party;
provided, however, that any Party may disclose the terms and conditions of this Agreement or the transactions contemplated hereby on non-reliance
basis to the Party’s lenders, investors, partners and professional advisors, in each case only after such persons or entities have
undertaken appropriate nondisclosure obligations. In the event of disclosure required by law or court ruling, the disclosing Party shall
use all reasonable efforts and provide all reasonable cooperation to obtain confidential treatment of the materials or a protective order.

 

		5.4	Remedies. All remedies, either under this Agreement or by law or otherwise afforded to the Parties
hereto, shall be cumulative and not alternative.

 

		5.5	Further Assurance. Upon the terms and subject to the conditions herein, each of the Parties hereto
agrees to use its best efforts to take or cause to be taken all action, to do or cause to be done, to execute such further instruments,
and to assist and cooperate with the other parties in doing, all things necessary, proper or advisable under applicable laws or otherwise
to consummate and make effective, in the most expeditious manner practicable, the transactions contemplated by this Agreement and, to
the extent reasonably requested by another party, to enforce rights and obligations pursuant hereto.

 

		5.6	Governing Law. This Agreement shall be governed by and construed in accordance with the laws of
the Hong Kong, without regards to conflicts of law principles.

 

		5.7	Dispute Resolution.

 

		(a)	Any dispute, controversy or claim arising in any way out of or in connection with this Agreement,
including, without limitation:

 

	(i)	any contractual, pre-contractual or non-contractual rights, obligations or liabilities; and

 

	(ii)	any issue as to the existence, validity, interpretation, performance, breach or termination of this Agreement
(together, with paragraph (a)(i) above, a “Dispute”),

 

shall be referred
to and finally resolved by binding arbitration at the Hong Kong International Arbitration Centre (“HKIAC”) in accordance
with the HKIAC Administered Arbitration Rules in force at the time (the “HKIAC Rules”) when the Notice of Arbitration
(as defined in the HKIAC Rules) is submitted, which HKIAC Rules (save as amended herein) are deemed to be incorporated by reference into
this Section.

 

Parties agree that
the arbitration shall be conducted in accordance with the expedited procedure provided under the HKIAC Rules.

 

		(b)	The seat of arbitration shall be in Hong Kong.

 

		(c)	The arbitration tribunal shall consist of three arbitrators.

 

		(d)	The arbitration proceedings shall be conducted in the English language.

 

    -6-

     

    

 

		(e)	Any award of the arbitration tribunal shall be made in writing and shall be final and binding
on the parties from the day it is made. The parties undertake to comply without delay any order or award.

 

		(f)	The parties waive any right to apply to any court of law and/or other judicial authority
to determine any preliminary point of law and/or review any question of law and/or the merits, insofar as such waiver may validly be
made. The parties shall not be deemed, however, to have waived any other right to challenge any award. Nothing in this paragraph shall
be construed as preventing any party from seeking conservatory or interim relief from any court of competent jurisdiction.

 

		5.8	Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed as
an original, but all of which together shall constitute one and the same instrument.

 

		5.9	Notices. Any notice required or permitted pursuant to this Agreement shall be given in writing
and shall be given either personally or by sending it by next-day or second-day courier service, fax, electronic mail or similar means
to the address of the relevant Party as shown below (or at such other address as such Party may designate by fifteen (15) days’
advance written notice to the other Party to this Agreement given in accordance with this Section 5.9).

 

To the Company:

 

Address:
上海黄浦区西藏南路218号永银大厦5层

Attn:
Hu Jing(胡京)

Email: hujing@distrii.com

 

To CDL:

 

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

Attn: Huang Fan

Email: huangfan@cdl.com.sg

 

Where a notice is sent by next-day or second-day
courier service, service of the notice shall be deemed to be effected by properly addressing, pre-paying and sending by next-day or second-day
service through an internationally-recognized courier a letter containing the notice, with a written confirmation of delivery, and to
have been effected at the earlier of (i) delivery (or when delivery is refused) and (ii) expiration of two (2) Business Days (as defined
in the Amended and Restated Memorandum and Articles of Association of the Company) after the letter containing the same is sent as aforesaid.
Where a notice is sent by fax or electronic mail, service of the notice shall be deemed to be effected by properly addressing, and sending
such notice through a transmitting organization, with a written confirmation of delivery, and to have been effected on the day the same
is sent as aforesaid, if such day is a Business Day and if sent during normal business hours of the recipient, otherwise the next Business
Day. Notwithstanding the foregoing, to the extent a “with a copy to” address is designated, notice must also be given to such
address in the manner above for such notice, request, consent or other communication hereunder to be effective.

 

		5.10	No Waiver. Failure to insist upon strict compliance with any of the terms, covenants, or conditions hereof
will not be deemed a waiver of such term, covenant, or condition, nor will any waiver or relinquishment of, or failure to insist upon
strict compliance with, any right, power or remedy hereunder at any one or more times be deemed a waiver or relinquishment of such right,
power or remedy at any other time or times.

 

[THE REMAINDER OF THIS PAGE IS LEFT BLANK INTENTIONALLY]

 

    -7-

     

    

 

IN WITNESS WHEREOF, the Parties hereto have executed
this Agreement as of the day and year herein above first written.

 

	SELLING SHAREHOLDER:	CITY CONNECTED COMMUNITIES PTE. LTD.
	 	 	 	 
		By: 	 
	 		 Name: 	 
			 Title:	Authorized Signatory

 

Signature Page to Share Repurchase Agreement

 

    

     

    

 

IN WITNESS WHEREOF, the Parties hereto have executed
this Agreement as of the day and year herein above first written.

 

	COMPANY:	AGIIPLUS INC.
	 	 	 	 
		By: 	 
	 		Name:  	 
		 	Title: 	 

 

Signature Page to Share Repurchase Agreement

 

    

     

    

 

Schedule
1 

Form of
Convertible Promissory Note

 

 

 

 

 

 

 

 

 

    

     

    

 

Schedule
2 

Share Mortgage

 

 

 

 

 

 

 

 

 

    

     

    

 

Schedule 3 

Amended and Restated Memorandum and Articles
of AssociationExhibit 10.8

 

Dated August 16, 2021

 

J.DISTRII GLOBAL LIMITED

as the Mortgagor

 

and

 

KING INSPIRATION LIMITED

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	 	9
	8	Operations Before and After Enforcement	 	10
	9	Enforcement of Security	 	12
	10	Powers of Sale	 	13
	11	Appointment of Receiver	 	13
	12	Powers of Receiver	 	14
	13	Application of Monies	 	16
	14	Receipt and Protection of purchasers	 	17
	15	Power of Attorney	 	17
	16	Representations	 	18
	17	Effectiveness of Security	 	19
	18	Release of Security	 	22
	19	Subsequent and Prior Security Interests	 	22
	20	Discretion and Delegation	 	22
	21	Changes to Parties	 	23
	22	Fees, costs and expenses	 	23
	23	Indemnity	 	23
	24	Conversion of currency	 	24
	25	Set-off	 	24
	26	Amendment and waiver	 	24
	27	Certificate of Secured Party	 	24
	28	Notices	 	24
	29	Counterparts	 	25
	30	Governing Law	 	25
	31	Jurisdiction	 	25

 

	Schedule 1	 	27
	Schedule 2	 	28
	Schedule 3	 	30
	Schedule 4	 	31
	Schedule 5	 	32
	Schedule 6	 	34

 

    i

     

    

 

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 2054503 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	KING INSPIRATION LIMITED, a private company
incorporated in the British Virgin Islands, whose registered office is Unit 8, 3/F., Qwomar Trading Complex, Blackburne Road, Port Purcell,
Road Town, Tortola, British Virgin Islands, VG1110 (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.

 

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.

 

    1

     

    

 

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 433,705 ordinary
shares in the Company with par value US$0.0001 registered in the name of the Mortgagor and represented by share certificate number 17.

 

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.

 

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

 

    2

     

    

 

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.

 

    3

     

    

 

		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.

 

		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.

 

    4

     

    

 

		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 433,705 shares
issued and registered in the name of J.distrii Global Limited represented by share certificate number 17 are mortgaged and charged in
favour of ‎KING INSPIRATION LIMITED 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].”

 

		(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; 

 

    5

     

    

 

		(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);

 

		(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.

 

    6

     

    

 

		(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;

 

		(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.

 

    7

     

    

 

		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

 

		(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; 

 

    8

     

    

 

		(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;

 

		(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).

 

    9

     

    

 

		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

 

		(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.

 

    10

     

    

 

		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;

 

		(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.

 

    11

     

    

 

		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.

 

		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

     

    

 

		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; 

 

		(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;

 

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		(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;

 

		(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;

 

		(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;

 

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		(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 

 

		(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.

 

    15

     

    

 

		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.

 

		(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

     

    

 

		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;

 

    17

     

    

 

		(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 0.8730 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.

 

    18

     

    

 

		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.

 

    19

     

    

 

		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.

 

		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.

 

    20

     

    

 

		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.

 

		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.

 

    21

     

    

 

		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.

 

		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.

 

    22

     

    

 

		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.

 

		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 28 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: 上海市长宁区淞虹路207号明基商务广场B座8楼

 

Attention: Sun Yanyan (孙彦彦)‎

 

Email:
sunyanyan@jingruis.com

 

    23

     

    

 

		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).

 

		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.

 

    24

     

    

 

		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.

 

    25

     

    

 

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:

 

    26

     

    

 

Schedule
2

 

Irrevocable
Appointment Of Proxy And Power Of Attorney

 

AgiiPlus Inc.

 

We, J.distrii Global Limited, hereby irrevocably
appoint KING INSPIRATION LIMITED, 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 KING INSPIRATION LIMITED, and its successors, permitted transferees and permitted assigns
as mortgagee of the Shares.

 

[Signature page follows]

 

    27

     

    

 

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:  	 	 

 

    28

     

    

 

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

 

		1.1	It is resolved in accordance
with the terms and conditions of the Share Mortgage dated
[Date] between J.distrii Global Limited and KING INSPIRATION LIMITED, 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 433,705)

 

		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

 

    29

     

    

 

Schedule
4

 

Director’s Letter of Authorisation

 

Date: ________________

 

To: KING INSPIRATION LIMITED

 

Dear Sirs

 

Share
Mortgage dated [Date] between J.distrii Global Limited and
KING INSPIRATION LIMITED (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 	 	 

 

    30

     

    

 

Schedule
5

 

Deed of undertaking and confirmation

 

Agiiplus Inc.

 

[Date]

 

KING INSPIRATION LIMITED (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)(vii) (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.

 

    31

     

    

 

	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: 	 	 

 

    32

     

    

 

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
KING INSPIRATION LIMITED (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;

 

    33

     

    

 

(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	 
	KING INSPIRATION LIMITED	 

 

    34

     

    

 

	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

    35

     

    

 

	The Mortgagee	 
	 	 	 
	KING INSPIRATION LIMITED	 
	 	 	 
	By:	 	 

 

 

Signature page to Cayman Share Mortgage

 

 

36

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