Document:

Exhibit 10.6

 

TRIPARTITE SHARE PURCHASE / ALLOTMENT AGREEMENT

 

This Share Purchase Agreement (the “Agreement”)
is executed in March, on this 19th day of 2020 between:

 

LYTUS TECHNOLOGIES HOLDINGS PTV. LTD., a
company incorporated in Territory of The British Virgin islands under the laws of British Virgin Islands having its registered office
at 2nd Floor, 116 Main Street, Road Town, Tortola, British Virgin Islands, represented through its duly authorized signatory
Mr. Dharmesh Pandya (hereinafter referred to as “LYTUS BVI”) which expression shall, unless it be repugnant to the
context or meaning thereof, be deemed to mean and include its successors and permitted assigns) of the First Part;

 

AND

 

LITUUS TECHNOLOGIES PRIVATE LIMITED., a
company incorporated in India under provisions of the Indian Companies Act, 1956 having its registered office at A-21, 1st Floor, Ghanshyam
Industrial Estate, Off. Veera Desai Road, Andheri West, Mumbai 400053, represented through its duly authorized signatory Mr.Nimish Gulabrai
Pandya (hereinafter referred to as “LITUUS TECH”) which expression shall, unless it be repugnant to the context or
meaning thereof, be deemed to mean and include its successors and permitted assigns) of the Second Part;

 

     

     

    

 

AND

 

MR. NIMISH GULABRAI PANDYA, an Indian inhabitant,
residing at A-1008, OBEROI SPLENDOR, JV LINK ROAD, JOGESHWARI EAST, Mumbai - 400060, Maharashtra, India, holding 14850 Equity Shares of
LITUUS TECHNOLOGIES PRIVATE LIMITED and director of LITUUS TECHNOLOGIES PRIVATE LIMITED, which expression shall, unless it be repugnant
to the context or meaning thereof, be deemed to mean and include its successors and permitted assigns) of the Third Part.

 

AND

 

Mr. GIRISH BALDEOPRASAD PODAR, an Indian
inhabitate, residing at B/101, LAKSHACHANDI APARTMENT, A. K. VAIDYA MARG, GOREGAON (EAST), Mumbai – 400 063, Maharashtra, India
holding 150 Equity Shares of LITUUS TECHNOLOGIES PRIVATE LIMITED and director of LITUUS TECHNOLOGIES PRIVATE LIMITED, which expression
shall, unless it be repugnant to the context or meaning thereof, be deemed to mean and include its successors and permitted assigns) of
the Forth Part.

 

The above said Companies and individuals are hereinafter
referred to as “The Parties”.

 

WHEREAS:

 

A. LYTUS BVI is a private limited company
engaged in the business of online services as outlined in its Memorandum of Association. The authorized share capital of the Company is
$ 50,000/- USD Fifty Thousand Only) divided into 50,000 shares of $ 1/- each and the issued, subscribed and paid up share capital of the
Company is $ 50,000/- USD Fifty Thousand Only) divided into 50,000 shares of $. 1/- each.

 

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B. The current shareholding pattern of LITUUS
TECH is as under:

 

	Serial No.	Name of Shareholder	Number of shares held
	1.	Dharmesh Gulabrai Pandya	50,000

 

C. LITUUS TECH is a private limited company
engaged in the business of online services as outlined in its Memorandum of Association. The authorized share capital of the Company is
Rs. 5,00,000/- Rupees Five Lakh Only) divided into 50,000 equity shares of Rs. 10/- each and the issued, subscribed and paid up share
capital of the Company is Rs. 1,50,000/- Rupees One Lakh Fifty Thousand Only) divided into 15,000 equity shares of Rs. 10/- each.

 

D. The current shareholding pattern of LITUUS
TECH is as under:

 

	Serial No.	Name of Shareholder	Number of shares held
	1.	Nimish Gulabrai Pandya	14,850
	2.	Girish Baldeoprasad Podar	150

 

E. LITUUS TECH through its shareholders has discussed
with LYTUS BVI, the sale of 15,000 equity shares of LITUUS TECH to LYTUS BVI currently held by its shareholders Mr. Nimish Gulabrai Pandya
and Mr. Girish Baldeoprasad Podar.

 

F. LYTUS BVI has agreed to acquire 15,000 Equity
Shares of LITUUS TECH at face value of Rs. 10/- (Rupees Ten Only), for a Purchase Price of Rs. 1,50,000/- (Rupees One Lakh Only) upon
the terms and subject to the conditions contained herein.

 

G. LYTUS BVI seeks to bring in investment in the
Online services business activities envisioned by LITUUS TECH.

 

H. LITUUS TECH shall create, allot and issue equity
shares as per the provisions of the Companies Act, 2013, to facilitate investment by the Lytus BVI in the said business as and when such
requirement arises upon the terms and subject to the conditions contained herein.

 

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I. The Parties are entering into this Agreement
in order to set out the rights and obligations of the Parties in relation to the acquisition and/or allotment of the Shares (as defined
hereinafter) by LYTUS BVI and other matters in connection therewith, which they agree will be interpreted, acted upon and governed solely
in accordance with the terms and conditions of this Agreement.

 

NOW, THEREFORE IN CONSIDERATION OF THE MUTUAL
COVENANTS, AGREEMENTS, REPRESENTATIONS, WARRANTIES AND INDEMNITIES AS SET FORTH IN THIS AGREEMENT, AND FOR OTHER GOOD AND VALUABLE CONISDERATION,
THE SUFFICIENCY OF WHICH IS HEREBY ACKNOWLEDGED BY THE PARTIES, THE PARTIES HEREBY AGREE AS FOLLOWS:

 

1. DEFINITIONS AND INTERPRETATION

 

1.1 Definitions. In this Agreement, unless the
context otherwise requires, the following expressions shall have the following meanings:

 

1.1.1 “Act” means the Companies Act,
2013, as amended from time to time and shall include any statutory replacement or re-enactment thereof and the Rules made thereunder;

 

1.1.2 “Agreement” means this Share
Purchase Agreement together with its annexures and schedules, as may be amended from time to time in accordance with the provisions contained
herein;

 

1.1.3 “Board” means the board of directors
of both the Companies which shall be deemed to include any Committee of the Board;

 

1.1.4 “Charter Documents” mean the
Memorandum of Association and the Articles of Association of the Parties, or equivalent under applicable law;

 

1.1.5 “Closing and Closing Date” shall
mean the completion of the transaction of acquisition of the Equity Shares by the LYTUS BVI within one year from the date this Agreement
being the Closing Date in accordance with Clause 3 and Clause 4 hereof.

 

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1.1.6 “Control” together with its
grammatical variations when used with respect to any Person, means and includes the power to direct the management and policies of the
Company, directly or indirectly, whether through the ownership of the vote carrying securities, by contract or otherwise howsoever;

 

1.1.7 “Equity Shares” means the issued
and fully paid up equity shares of the Company, having a face value of Rs.10/- (Rupees Ten Only) each;

 

1.1.8 “Encumbrance” means any encumbrance
including but not limited to any claim, mortgage, pledge, charge (fixed or floating), hypothecation, lien, deposit by way of security,
bill of sale, option or right of pre-emption, beneficial ownership, right of retention of title or any form of security interest or any
obligation (including any conditional obligation) to create any of the same, including without limitation, any discretion on the use,
voting, transfer, receipt of income or other attributes of ownership;

 

1.1.9 “Purchase Price” means the aggregate
sum required to be paid by the Lytus BVI (the Purchaser) to the Equity shareholders of Lituus Tech (Sellers) for the Purchase Shares;

 

1.1.10 “Purchased Shares” shall mean
15,000 equity shares of the Company to be purchased by the Purchaser, representing as on the date of this Agreement, 100% of the total
paid up equity share capital of Lituus Tech.

 

1.1.11 “Representations and Warranties”
shall mean the representation and warranties given by either Party to the other as contained in this Agreement and in any other document/letter/arrangement
delivered by either party in connection with or pursuant to this Agreement.

 

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1.2 Interpretation

 

1.2.1 The terms referred to in this Agreement
shall, unless defined otherwise or inconsistent with the context or meaning thereof, bear the meaning ascribed to them under the relevant
statute/legislation.

 

1.2.2 All references in this Agreement to the
statutory provisions shall be construed as meaning and including references to:

 

i) Any statutory modification, consolidation
or re-enactment (whether before or after the date of this Agreement) for the time being in force;

 

ii) All statutory instruments or orders
made pursuant to a statutory provision; and

 

iii) Any statutory provisions, of which
these statutory provisions are a consolidation, re-enactment or modification.

 

1.2.3 Words denoting the singular shall include
the plural.

 

1.2.4 Headings to clauses, sub-clauses and paragraphs
are for information only and shall not form part of the operative provisions of this Agreement or the Annexures hereto and shall be ignored
in construing the same.

 

1.2.5 References to recitals, clauses or annexures
are, unless the context otherwise requires, to recitals, to clauses of, or annexures to this Agreement.

 

2. PURCHASE OF SHARES:

 

2.1 Upon the terms and subject to the conditions
set forth in this Agreement, in consideration of the mutual understanding between the Parties, LYTUS BVI hereby agrees to purchase, and
the present shareholders of LITUUS TECH agree to transfer and deliver, and LITUUS TECH agrees to register the transfer, the 15,000 Equity
Shares respectively held Mr. Nimish Gulabrai Pandya (14,850 Equity share of Rs. 10/ each) and Mr. Girish Baldeoprasad Podar (150 Equity
share of Rs. 10/ each), free and clear of all Encumbrances and with all attached and accrued rights, for the consideration of Rs. 1,50,000/-
(Rupees One Lakh Only) being the Purchase Price of 15,000 shares at a face value of Rs. 10/- (Rupees Ten Each) as full and final payment
for the Purchase of Shares to the Sellers.

 

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3. FURTHER ISSUE OF SHARE CAPITAL:

 

3.1 LYTUS BVI seeks to infuse investment in LITUUS
TECH.

 

3.2 LITUUS TECH shall create, allot and issue
equity shares as per the provisions of the Companies Act, 2013, to facilitate investment by the Lytus BVI in the said business as and
when such requirement arises in one or more tranches.

 

3.3 Upon the terms and subject to the conditions
set forth in this Agreement, in consideration of the mutual understanding between the Parties, LYTUS BVI hereby agrees to subscribe, and
LITUUS TECH agrees to offer, create, allot and issue equity shares as per the provisions of the Companies Act, 2013, to facilitate investment
by the Lytus BVI, each free and clear of all encumbrances and with all attached and accrued rights.

 

3.4 Upon execution of this Agreement, the new
shareholding pattern of the Company shall be as described in Annexure 1 below.

 

4. REPRESENTATIONS AND WARRANTIES:

 

4.1 LYTUS BVI represents and warrants to the LITUUS
TECH that:

 

4.1.1 it has the power and authority
to execute and deliver this Agreement;

 

4.1.2 this Agreement has been duly authorized,
executed and delivered by the LYTUS BVI and upon execution and delivery by LYTUS BVI, this Agreement shall be a legal, valid and biding
obligation of the LYTUS BVI, enforceable with its terms; and

 

4.1.3 the execution and delivery of
this Agreement by the LYTUS BVI does not violate any law, rule, regulation or order applicable to it or violate or contravene the provisions
of or constitute a default under any documents, contracts, agreements or any other instruments to which it is a party or which are applicable
to it.

 

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4.2 LITUUS TECH and the Sellers represents and
warrants to LYTUS BVI that:

 

4.2.1 Mr. Nimish Gulabrai Pandya and
Mr. Girish Baldeoprasad Podar have a good and marketable title to the 15,000 Equity Shares, sold hereunder free from all encumbrances
and clear of any and all liens. LITUUS TECH and its current shareholders Mr. Nimish Gulabrai Pandya and Mr. Girish Baldeoprasad Podar,
are not a party to or bound by any option, sale agreement, shareholder agreement, pledge, proxy, power of attorney or other agreement
or instrument which relates to the ownership, voting or transfer of any of the Shares held by Mr. Nimish Gulabrai Pandya and Mr. Girish
Baldeoprasad Podar. LITUUS TECH has the sole and absolute right, power and authority to sell, assign and transfer the Equity Shares as
provided in this Agreement. LYTUS BVI will acquire good and unencumbered title to the 15,000 Equity Shares, free and clear of all liens
and/or encumbrances, and not subject to any adverse claim when acquired by LYTUS BVI pursuant to this Agreement;

 

4.2.2 Upon issue of Equity Shares at
face value of Rs. 10/- (Rupees Ten Only)), to facilitate investment in the Lituus Tech, LYTUS BVI will acquire good and unencumbered title
to such Equity Shares, free and clear from all liens and/or encumbrances, and not be subject to any adverse claim when acquired by LYTUS
BVI pursuant to this Agreement;

 

4.2.3they will not enter into any commitment
or transaction that could potentially adversely impact the transfer of the Equity Shares;

 

4.2.4 they will not do or permit anything
which would constitute a breach of any terms of this Agreement;

 

4.2.5LITUUS TECH is not involved in,
or has been threatened with, any material litigation filed or threatened to be filed against LITUUS TECH;

 

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5. OBLIGATIONS OF LITUUS TECH AND LYTUS BVI:

 

5.1 LITUUS TECH accords its
consent to the issue and purchase of the Equity Shares by LITUUS TECH to LYTUS BVI in accordance with this Agreement, and confirms that
it shall, upon presentment of the share certificates, relevant transfer documents and subscription/allotment documents; take all necessary
steps as are required in law and at the request of LYTUS BVI, including without limitation, take the following steps to ensure that the
LYTUS BVI’s name is entered in its Register of Members as a legal and valid shareholder of the said Equity Shares and other related
matters:

 

		(i)	Change the object clause in the Memorandum of the Lituus Tech to incorporate the online services related
activities as the main Object Clause to be pursued by the Lituus Tech;

 

		(ii)	Convene a meeting of its Board of Directors (“Board”) and Extra Ordinary General Meeting of
the shareholders at which the Board/Members shall pass resolutions, to approve the further issue of the Equity Shares of Rs 10/- each;

 

		(iii)	enter the name of LYTUS BVI as the legal and beneficial owners of the said Equity Shares free of all encumbrances,
in the Register of Members of the Company;

 

		(iv)	record the transfer and allotment of the said Equity Shares to LYTUS BVI in the Register of Members and
update Register of Transfer of LITUUS TECH;

 

		(v)	make the necessary endorsements on the share certificates relating to and evidencing the said Shares indicating
LYTUS BVI as the legal and beneficial owner of the said Shares evidenced there under; and

 

		(vi)	if required make all necessary filings with any statutory authority including without limitation, Reserve
Bank of India, the office of the Registrar of Companies in respect of the steps completed from (i) to (v) above.

 

6.2 LYTUS BVI agrees and undertakes that it shall
exercise its voting rights in a meeting of shareholders of LITUUS TECH, in such manner, and cause the directors nominated by it on the
Board of LITUUS TECH to exercise their votes in such manner, so as to cause the LITUUS TECH to give full legal effect to the terms of
this Agreement, including but not limited to, for the purposes of amending the Charter Documents, of the LITUUS TECH, if required, to
incorporate the terms of this Agreement.

 

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6.3 LYTUS BVI shall not transfer by way sell or
otherwise nor create any kind of lien, encumbrance on the said Equity shares unless previously approved by unanimous/ majority consent
of both the Board of Directors of LITUUS TECH and LYTUS BVI.

 

7. INDEMNIFICATION:

 

		7.1	Survival of Representations and Warranties

 

The representations and warranties of
LITUUS TECH contained in Clause 5 shall survive the Closing Date. The covenants and agreements of LITUUS TECH and of LYTUS BVI, contained
in this Agreement will survive the Closing Date until, by their own respective terms, they have been fully performed. Notwithstanding
anything herein, any breach of representation or warranty contained in this Agreement made by any Party or any written information furnished
by any Party that was made by such Party fraudulently or with intent to defraud or mislead or with gross negligence shall indefinitely
survive the Closing.

 

		7.2	Indemnification

 

LITUUS TECH shall indemnify LYTUS BVI
and its assigns and nominees (hereinafter referred to as “Indemnified Party” in this clause) against, and agree to hold them
harmless from, any and all liabilities, losses, costs, claims, damages, (including consequential damages), penalties and expenses (including
lawyer’s fees and expenses and costs of investigation and litigation) incurred or suffered by them relating to or arising out of
or in connection with the breach of any of the representations and warranties contained hereinabove.

 

8. MISCELLANEOUS PROVISIONS:

 

		8.1	Amendments

 

This Agreement may be amended only by
a writing signed by each of the Parties and any such amendment shall be effective only to the extent specifically set forth in such writing.

 

		8.2	Assignment

 

Neither this Agreement nor any right,
interest or obligation hereunder may be assigned, pledged or otherwise transferred by any party, whether by operation of law or otherwise,
without the prior consent of the other Party or Parties, save and except what is provided herein.

 

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		8.3	Counterparts

 

This Agreement and all agreements, certificates
and documents to be delivered in connection herewith may be executed in any number of counterparts, and by each of the parties on separate
counterparts, each of which, when so executed, shall be deemed an original, but all of which shall constitute but one and the same instrument.

 

		8.4	Entire Agreement

 

This Agreement, together with the other
agreements referred to herein and the schedules and exhibits attached hereto contains the entire agreement of the parties with respect
to the transactions contemplated hereby and supersedes all prior written and oral agreements, and all contemporaneous oral agreements,
relating to such transactions.

 

		8.5	Expenses

 

Except as otherwise specifically provided
herein each Party shall be responsible for such expenses as it may incur in connection with the negotiation, preparation, execution, delivery,
performance and enforcement of this Agreement.

 

		8.6	Further Assurances

 

The Parties shall from time to time
do and perform such additional acts and execute and deliver such additional documents and instruments as may be required by applicable
governmental rules or reasonably requested by any Party to establish, maintain or protect its rights and remedies or to effect the intents
and purposes of this Agreement. Without limiting the generality of the foregoing, each Party agrees to endorse (if necessary) and deliver
to the other, promptly after its receipt thereof, any payment or document which it receives after the Closing Date and which is the property
of the other.

 

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		8.7	Governing Law

 

This Agreement shall be a contract under
the laws of India and for all purposes shall be governed by and construed and enforced in accordance with the laws of India.

 

		8.8	Notices

 

Unless otherwise specifically provided
herein, all notices, consents, requests, demands and other communications required or permitted hereunder:

 

		(a)	shall be in writing;

 

		(b)	shall be sent by messenger, certified or registered mail, a reliable
express delivery service or email, to the appropriate address(es) or number(s) set forth below; 

 

		(c)	shall be deemed to have been given on the date of receipt by the addressee
(or, if the date of receipt is not a business day, on the first business day after the date of receipt), as evidenced by (i) a receipt
executed by the addressee (or a responsible person in his or her office), the records of the Person delivering such communication or a
notice to the effect that such addressee refused to claim or accept such communication, if sent by messenger, or express delivery service;
and

 

		(d)	all such communications shall be sent to the following addresses or numbers, or to such other addresses or numbers as any party may
inform the others by giving five business days’ prior notice:

 

If to LITUUS TECH:

Attention: Mr. Nimish Pandya

Email ID: nimish.pandya@pandyajuris.com

 

If to LYTUS BVI:

Attention: Mr. Dharmesh Pandya

Email
ID: dharmeshpandya@lituustech.in

 

If to Sellers:

Attention: Mr. Nimish Pandya

Email ID: nimish.pandya@pandyajuris.com

 

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		8.9	Severability

 

Any provision of this Agreement which
is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or
unenforceability without invalidating the remaining portions hereof or affecting the validity or enforceability of such provision in any
other jurisdiction.

 

		8.10	Successors and Assigns

 

This Agreement shall be binding upon
and shall inure to the benefit of each of the Parties and their respective legal representatives, heirs, successors and permitted assigns.

 

		8.11	Dispute resolution

 

If any dispute arises between the Parties
hereto during the subsistence or thereafter, in connection with the validity, interpretation, implementation or alleged material breach
of any provision of this Agreement or regarding any question, including the question as to whether the termination of this Agreement by
one Party hereto has been legitimate, the Parties hereto shall endeavour to settle such dispute amicably.

 

		8.12	Arbitration

 

In case of such failure the dispute
shall be referred to a sole Arbitrator or in case of disagreement as to the appointment of the sole Arbitrator, to three (3) Arbitrators,
of which LITUUS TECH shall appoint one (1) Arbitrator, LYTUS BVI shall appoint the second Arbitrator and the third Arbitrator shall be
appointed by the two appointed Arbitrators.

 

		8.13.1	The arbitration proceedings shall be governed by the Arbitration
and Conciliation Act, 2015.

 

		8.13.2	The Arbitration proceedings shall be held in Mumbai.

 

		8.13.3	The Parties hereto shall submit to the Arbitrator’s award
and the award shall be enforceable in any competent court of law.

 

		8.14	Jurisdiction

 

This Agreement shall be subject to the exclusive
jurisdiction of the Courts at Mumbai, only and no other Court shall have jurisdiction.

 

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

 

	SIGNED AND DELIVERED	)	 
	 	 	 
	By	)	 
	 	 	 
	LYTUS Technologies Holdings	)	 
	PTV. LTD.	)	 
	 	 	 
	By the hand of Mr. Dharmesh Pandya	)	/s/ Dharmesh Pandya 
	 	 	 
	The authorized signatory pursuant to	)	 
	the Resolution Dated 16.03.2020 passed	)	 
	by the Board of Directors of the	)	 
	Company	)	 
	 	 	 
	In the presence of:	)	 
	 	 	 
	1.	)	 
	 	 	 
	 	)	 
	 	 	 
	2.	)	 
	 	 	 
	 	)	 
	 	 	 
	SIGNED AND DELIVERED	)	 
	 	 	 
	By the	)	 
	 	 	 
	LITUUS TECHNOLOGIES PRIVATE	)	 
	LIMITED	)	 
	 	 	 
	By the hand of Mr. Nimish Pandya,	)	/s/ Nimish Pandya
	 	 	 
	The authorized signatory pursuant to	)	 
	the Resolution Dated 18.03.2020 passed	)	 
	by the Board of Directors of the	)	 
	Company.	)	 
	 	 	 
	In the presence of:	)	 
	 	 	 
	1.	)	 
	 	 	 
	 	)	 
	 	 	 
	2.	)	 

 

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	SIGNED AND DELIVERED	)	 
	 	 	 
	by	 	 
	 	 	 
	Mr. Nimish Gulabrai Pandya	 	/s/ Nimish Pandya
	 	 	 
	In the presence of:	)	 
	 	 	 
	1.	)	 
	 	 	 
	 	)	 
	 	 	 
	2.	)	 
	 	 	 
	SIGNED AND DELIVERED	)	 
	 	 	 
	by	 	 
	 	 	 
	Mr. Girish Baldeoprasad Podar	 	/s/ Girish Baldeoprasad Podar
	 	 	 
	In the presence of:	 	 
	 	 	 
	1.	)	 
	 	 	 
	 	)	 
	 	 	 
	2.	)	 

 

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Annexure I

 

Shareholding pattern (after the transfer of shares)

 

	Serial No.	Name of Shareholder	Number of shares held
	1.	Lytus Technologies Holdings PTV. LTD.	14,999
	2.	Girish Baldeoprasad Podar

As Registered Owner on behalf of Lytus Technologies Holdings PTV. LTD.	1

 

Signature of the Parties to Agreement;

 

	Lytus Technologies Holdings PTV. LTD.	/s/ Dharmesh Pandya

 

	Lituus Technologies Private Limited.	/s/ Nimish Pandya

 

	Nimish Pandya	/s/ Nimish Pandya

 

	Girish Podar	/s/ Girish Podar

 

 

16Exhibit 10.7

 

 

 

 

SHARE
PURCHASE AGREEMENT

 

DATED
21st February 2020

 

 

 

 

(1) Ravi
Gupta

 

(2) Nirlep
Kumar

 

(3)
DDC CATV NETWORK PRIVATE LIMITED

 

 

AND

 

(4)
LITUUS TECHNOLOGIES LIMITED

 

 

 

 

 

 

     

     

    

 

SHARE PURCHASE AGREEMENT

 

This Share Purchase Agreement (the “SPA”)
is executed in New Delhi on this 21st day of February 2020 between:

 

(1) Ravi Gupta and (2) Nirlep Kumar,
Indian inhabitant, residing at New Delhi (hereinafter collectively referred to as “Sellers”)(which expression shall,
unless it be repugnant to the context or meaning thereof, be deemed to mean and include their respective legal heirs, successors and administrators)
of the First Part;

 

AND

DDC CATV NETWORK PRIVATE LTD., a company
incorporated in India under provisions of the Indian Companies Act, 2013 having its registered office at Office No. 2 , First Floor, Local
Shopping Center, Uday Park, New New Delhi- 110049 (hereinafter referred to as “Company”) which expression shall, unless
it be repugnant to the context or meaning thereof, be deemed to mean and include its successors and permitted assigns) of the Second
Part;

 

AND

 

LITUUS TECHNOLOGIES
LIMITED, (Reg. No.: 2015767) a company incorporated in the British Virgin Islands, having its registered office at 4th
floor, RJT Edifice, Waterfront Drive, P.O. Box. 260, Road Town, Tortola, British Virgin Islands, VG 1110, (hereinafter referred to as
“Purchaser”) through its Director Mr. Dharmesh Gulabrai Pandya, residing at 5011 Gate Parkway, Building No.
100, Suit No.100, Jacksonville, Florida 32256, United States of America or through its assignee and/or nominee
(which expression shall, unless it be repugnant to the context or meaning thereof, be deemed to mean and include its successors and permitted
assigns) of the Third Part;

 

The Sellers, Purchaser and Company are hereinafter
referred to as “Parties” and individually as “Party”.

 

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WHEREAS:

 

		A.	The Company is a private limited company limited by Shares incorporated
in India under the Companies Act, 2013 on 20th November 2013 having CIN. U64100DL2013PTC260426, engaged broadly in the business of cable
network by digital & analogue systems, Hits, Broadband internet and next generation cable transmissions business in the territory
as more particularly outlined in its Memorandum of Association.

 

		B.	The authorized share capital of the Company is Rs. 1,00,000/-
(Rupees One Lakh Only) divided into 10,000 equity shares of Rs.10/- each and the issued, subscribed and paid up share capital of the
Company is Rs 100,000/- (Rupees One Lakh Only) divided into 10000 equity shares of Rs.10/- each;

 

		C.	The Sellers are currently the owner of 10,000 Equity Shares
in the Company aggregating to 100% fully paid–up equity share capital of the Company. The current shareholding pattern of the Company
is as described in Annexure 1below;

 

		E.	The Sellers have discussed with the Purchaser for the sale,
by the Sellers to Purchaser, of the Sellers’ 49,000 Equity Shares in the Company currently owned by the Sellers, aggregating to
49% shareholding in the equity share capital of the Company;

 

		F.	The Purchaser has agreed to acquire the Sellers’ 49,000
Equity Shares for a Sale Share Consideration as calculated and mentioned in Annexure 2 of this SPA and upon the terms and
subject to the conditions contained herein.

 

		G.	The Parties are entering into this SPA and the Shareholders’
Agreement in order to set out the rights and obligations of the Parties in relation to the acquisition of the Sale Shares (as defined
hereinafter) by the Purchaser and other matters in connection therewith, which they agree will be interpreted, acted upon and governed
solely in accordance with the terms and conditions of this SPA.

 

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NOW, THREFORE IN CONSIDERATION OF THE MUTUAL
COVENANTS, AGREEMENTS, REPRESENTATIONS, WARRANTIES AND INDEMNITIES AS SET FORTH IN THIS SPA, AND FOR OTHER GOOD AND VALUABLE CONISDERATION,
THE SUFFICIENCY OF WHICH IS HEREBY ACKNOWLEDGED BY THE PARTIES, THE PARTIES HEREBY AGREE AS FOLLOWS:

 

		1.	DEFINITIONS AND INTERPRETATION

 

		1.1	Definitions. In this SPA, unless the context otherwise
requires, the following expressions shall have the following meanings:

 

		1.1.1	“Act” means the Companies Act, 2013, as amended
from time to time and shall include any statutory replacement or re-enactment thereof;

 

		1.1.2	“Board” means the board of directors of the
Company which shall be deemed to include any Committee of the Board;

 

		1.1.3	“Charter Documents” mean the Memorandum of
Association and the Articles of Association of the Company, or equivalent under applicable law;

 

		1.1.3	“Control” together with its grammatical variations
when used with respect to any Person, means and includes the power to direct the management and policies of the Company, directly or
indirectly, whether through the ownership of the vote carrying securities, by contract or otherwise howsoever;

 

		1.1.4	Definitive Agreements shall mean this SPA and/or any other agreement executed between the Parties for
the transaction contemplated hereunder;

 

		1.1.7	“Equity Shares” means the issued and fully
paid up equity shares of the Company, having a face value of Rs. 10/- each;

 

		1.1.8	“Encumbrance” means any encumbrance including
but not limited to any claim, mortgage, pledge, charge (fixed or floating), hypothecation, lien, deposit by way of security, bill of
sale, option or right of pre-emption, beneficial ownership, right of retention of title or any form of security interest or any obligation
(including any conditional obligation) to create any of the same, including without limitation, any discretion on the use, voting, transfer,
receipt of income or other attributes of ownership;

 

		1.1.9	“Sale Share Consideration” means a sum of
Rs. 1,92,08,000 required to be paid by the Purchaser to the Sellers for the Sale Shares as calculated and mentioned in Annexure 3 below;

 

		1.1.10	“Sale Shares” shall mean 4,900 equity shares
of the Company to be purchased by the Purchaser, representing as on the date of this SPA amounting to 49% of the total paid up equity
share capital of the Company.

 

		1.1.11	“SPA” means this Share Purchase Agreement together with its annexures and schedules,
as may be amended from time to time in accordance with the provisions contained herein;

 

		1.1.12	“Representations and Warranties” shall mean
the representation and warranties given by either Party to the other as contained in this SPA and in the Shareholders’ Agreement
delivered by either party in connection with or pursuant to this SPA.

 

		1.2	Interpretation

 

		1.2.1	The terms referred to in this SPA shall, unless defined otherwise or inconsistent with the context or
meaning thereof, bear the meaning ascribed to them under the relevant statute/legislation.

 

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		1.2.2	All references in this SPA to the statutory provisions shall be construed as meaning and including references
to:

 

		i)	any statutory modification, consolidation or re-enactment (whether before or after the date of this SPA)
for the time being in force;

 

		ii)	all statutory instruments or orders made pursuant to a statutory provision; and

 

		iii)	any statutory provisions, of which these statutory provisions are a consolidation, re-enactment or modification.

 

		1.2.3	Words denoting the singular shall include the plural.

 

		1.2.4	Headings to clauses, sub-clauses and paragraphs are for information only and shall not form part of the
operative provisions of this SPA or the Annexures hereto and shall be ignored in construing the same.

 

		1.2.5	References to recitals, clauses or annexures are, unless the context otherwise requires, to recitals,
to clauses of, or annexures to this SPA.

 

		2.	ACQUISITION OF THE SALE SHARES

 

		2.1	Upon the terms and subject to the conditions set forth in this SPA, in consideration of the mutual understanding
between the Parties, the Purchaser hereby agrees to purchase, and the Sellers agree to transfer and deliver, the sale of Sale Shares,
free and clear of all Encumbrances and with all attached and accrued rights, for the consideration as mentioned in Annexure 2
hereto as being the full and final payment for the Sale Shares representing as on the date of this SPA, 49% of the total paid up equity
share capital of the Company to the Purchaser. Upon execution of this SPA, the new shareholding pattern of the Company shall be as described
in Annexure 3 below.

 

Upon signing of this Agreement, the obligation
of parties to the contract (Purchaser and Sellers) is fulfilled, with the Company as the confirming party, and hence, the Purchaser or
the Sellers cannot revoke this transaction, except to the extent of the Conditions Precedents as appearing in Clause 4.

 

		2.2	The Sale Shares transferred to the Purchaser by the Sellers shall rank pari passu with the other
Equity Shares of the Company in all respects, including, entitlement to receive proportionately the dividends and other distributions
declared or to be declared in respect of the equity capital of the Company.

 

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		3.	Sale Shares Consideration

 

		3.1	The total consideration for the sale and transfer of Sale Shares
by the Sellers to the Purchaser in accordance with this SPA shall be as per Annexure 3 (“Sale Share Consideration”):

 

		4.	CONDITIONS PRECEDENT

 

		4.1	Receipt of all corporate approvals and sanctions, including without limitations approval by the Board
or shareholders, as may be required, of the Sellers and the Purchaser, for Sale of Sale Shares to the Purchaser for the Purchase Price
agreed upon;

 

		4.2	Receipt of FDI and other regulatory approvals and upon the successful listing of the Purchaser and the
Purchaser making the payment of Sale Share Consideration and Sellers making the transfer of sale shares, the sale of Shares shall be deemed
to be final and complete in all respects. The Purchaser shall be obliged to make payment of the consideration as mentioned in Annexure
3 and the Seller shall be obliged to transfer the Sale Shares to the Purchaser.

 

		4.3	The Sale Share Consideration as mentioned in Annexure 3 shall be subject to financial, legal
and tax due diligence. All expenses for the same shall be borne by the Purchaser.

 

		4.4	Approval of this SPA by the board of directors of the Company and the Purchaser;

 

		4.5	Each of the representations and warranties made by the Parties shall be true and correct as on the execution
of this SPA.

 

		4.6	No order, law or regulation shall have been passed by the Government authority having the effect of restraining,
enjoying or otherwise prohibiting or making illegal the consummation of any matters contemplated by this SPA.

 

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		5.	REPRESENTATIONS AND WARRANTIES

 

		5.1	The Purchaser represents and warrants to the Sellers that:

 

		5.1.1	it has the power and authority to execute and deliver this SPA;

 

		5.1.2	this SPA has been duly authorized, executed and delivered by the Purchaser and upon execution and delivery
by Purchaser, this SPA shall be a legal, valid and binding obligation of the Purchaser enforceable with its terms; and

		5.1.3	the execution and delivery of this SPA by the Purchaser does not violate any law, rule, regulation, its
charter documents or order applicable to it or violate or contravene the provisions of or constitute a default under any documents, contracts,
agreements or any other instruments to which it is a party or which are applicable to it.

		5.1.4	it will not create any encumbrances or any liens in any form for the Company before completion of transfer
of Sale Shares.

		5.1.5	it will not enter into any commitment or transaction that could potentially adversely impact the transfer
of the Sale Shares;

		5.1.6	it will not do or permit anything which would constitute a breach of any terms of this SPA;

 

		5.2	The Sellers represent and warrant to the Purchaser that:

 

		5.2.1	the Sellers have a good and marketable title to the Sale Shares free from all Encumbrances and clear of
any and all Liens. The Sellers are not party to or bound by any option, sale agreement, shareholder agreement, pledge, proxy, power of
attorney or other agreement or instrument which relates to the ownership, voting or transfer of any of the Sale Shares owned by the Sellers.
The Sellers have the sole and absolute right, power and authority to sell, assign and transfer the Sale Shares as provided in this SPA.
The Purchaser will acquire good and unencumbered title to the Sale Shares, free and clear of all Liens and/or Encumbrances, and not subject
to any adverse claim when acquired by the Purchaser pursuant to this SPA;

 

		5.2.2	they will not enter into any commitment or transaction that could potentially adversely impact the transfer
of the Sale Shares;

 

		5.2.3	they will not do or permit anything which would constitute a breach of any terms of this SPA;

 

		5.2.4	the Company is not involved in, or has been threatened with, any material litigation filed or threatened
to be filed against the Company;

 

		5.2.5	this SPA has been duly authorized, executed and delivered by the Company and the Sellers and upon execution
and delivery by Purchaser, this SPA shall be a legal, valid and binding obligation of the Purchaser enforceable with its terms;

 

		5.2.6	the execution and delivery of this SPA by the Company and the Sellers do not violate any law, rule, regulation
or order applicable to it or violate or contravene the provisions of or constitute a default under any documents, contracts, agreements
or any other instruments to which it is a party or which are applicable to it.

 

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		6.	OBLIGATIONS OF THE COMPANY AND THE SELLERS

 

		6.1	Pursuant to execution of this Agreement and the Sellers having received the Sale Shares Consideration
as per Clause 3 above, the Company shall transfer the Sale Shares from the Sellers to the Purchaser in accordance with this SPA, and hereby
confirms that it shall, upon presentment of the share certificates and relevant transfer documents, take all necessary steps as are required
in law and at the request of the Purchaser, including without limitation, take the following steps to ensure that the Purchaser’s
name is entered in its register of members as a legal and valid shareholder of the said Purchase Shares and other related matters:

 

		(i)	Convene a meeting of its Board of Directors (“Board”) at which the Board shall pass
resolutions, if not already passed, approving the transfer of the said Sale Shares.

 

		(ii)	enter the name of the Purchaser as the legal and beneficial owners of the said Sale Shares free of all
encumbrances, in the Register of Members of the Company;

 

		(iii)	record the transfer of the said Sale Shares from the Sellers to the Purchaser in the Register of Transfers
of the Company;

 

		(iv)	make the necessary endorsements on the share certificates relating to and evidencing the said Sale Shares
indicating the Purchaser as the legal and beneficial owner of the Sale Shares evidenced thereunder; and

 

		(v)	if required make all necessary filings with any statutory authority including without limitation, the
office of the Registrar of Companies in respect of the steps completed from (i) to (iv) above.

 

		6.2	The Sellers agree and undertake that they shall exercise their voting rights in a meeting of shareholders
of the Company, in such manner, and cause the directors nominated by it on the Board of the Company to exercise their votes in such manner,
so as to cause the Company to give full legal effect to the terms of this SPA, including but not limited to, for the purposes of amending
the Charter Documents, of the Company, if required, to incorporate the terms of this Agreement.

 

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		7.	INDEMNIFICATION

 

		7.2	Indemnification

 

		7.2.1	The Parties shall jointly and/or severally indemnify the each other and its assigns and nominees (hereinafter
referred to as “Indemnified Party” in this clause) against, and agree to hold them harmless from, any and all liabilities,
losses, costs, claims, damages, (including consequential damages), penalties and expenses (including reasonable lawyer's fees and expenses
and costs of investigation and litigation) incurred or suffered by them relating to or arising out of or in connection with the breach
of any of the representations and warranties contained hereinabove.

 

		7.3	Claims

 

Any claim, as soon as is reasonably
practicable after becoming aware of a claim for indemnification under this SPA, the Indemnified Party claiming indemnification shall
promptly give notice in writing to the Sellers of such claim; provided, however that the failure of Indemnified Party to give notice shall
not relieve the Seller of its obligations under this Article, except to the extent that the Seller shall have been prejudiced thereby.
The Parties shall be required to pay the amount within a period of 30 days from the date of receipt of the written notice, by the Sellers/Purchasers
or the Company without objecting to the claim in any manner whatsoever.

 

		8.	DISPUTE RESOLUTION AND ARBITRATION

 

		8.1	The Parties agree to negotiate in good faith to resolve any dispute, difference, controversy or claim
arising out of or in relation to or connection with this SPA, or the validity, interpretation, implementation, termination or breach of
this SPA or anything done or omitted to be done pursuant to this SPA (“Dispute”) shall be resolved by arbitration conducted
in accordance with the Indian Arbitration and Conciliation Act, 2015 (“A&C Act”), or any subsequent enactment or
amendment thereof.

 

		8.2	All proceedings of any arbitration shall be in the English language. The venue for arbitration shall be
New Delhi and no other place.

 

		8.3	The arbitral panel shall consist of 3 (three) arbitrators, 1 (one) arbitrator to be appointed by the Sellers,
1 (one) arbitrator to be appointed by the Purchaser and the third arbitrator to be appointed mutually by the arbitrators appointed by
the Parties.

 

		8.4	The award rendered by the Arbitrator shall be in writing and shall set out the reasons for the arbitrator’s
decision. The Parties agree that the arbitration award shall be final and binding on the Parties.

 

		8.5	Each Party to the Dispute shall bear and pay its own costs and expenses in relation to the arbitrator
appointed by them, provided that the costs of the third arbitrator shall be borne by the Parties in equal proportion.

 

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		9.	TERM AND TERMINATION

 

		9.1	This SPA shall be effective from the date of execution of this SPA and shall continue in full force and
effect, unless terminated by the mutual written agreement of the Parties.

 

		9.2	Clauses relating to Dispute Resolution, Representations and Warranties, Indemnification, Notice, Miscellaneous
Provisions shall survive the termination or expiry of this SPA.

 

		9.3.	Both parties have right to terminate this agreement after giving 15 days notice to each other only and
only on the ground of the breach of the terms and conditions of this agreement.

		 	 

10.        MISCELLANEOUS
PROVISIONS

 

		10.1	Filing Fees; Stamp Duty

 

All filing and other fees including
stamp duty payable, due diligence etc. in respect of the Sale Shares will be paid by the Purchaser alone.

 

		10.2	Amendments

 

This SPA may be amended only by a writing
signed by each of the Parties and any such amendment shall be effective only to the extent specifically set forth in such writing.

 

		10.3	Counterparts

 

This SPA and all agreements, certificates
and documents to be delivered in connection herewith may be executed in any number of counterparts, and by each of the parties on separate
counterparts, each of which, when so executed, shall be deemed an original, but all of which shall constitute but one and the same instrument.

 

		10.4	Entire Agreement

 

This SPA, together with the other agreements
referred to herein and the schedules and exhibits attached hereto contains the entire agreement of the parties with respect to the transactions
contemplated hereby and supersedes all prior written and oral agreements, and all contemporaneous oral agreements, relating to such transactions.

 

		10.5	Expenses

 

Except as otherwise specifically provided
herein each Party shall be responsible for such expenses as it may incur in connection with the negotiation, preparation, execution, delivery,
performance and enforcement of this SPA.

 

		10.6	Further Assurances

 

The Parties shall from time to time
do and perform such additional acts and execute and deliver such additional documents and instruments as may be required by applicable
governmental rules or reasonably requested by any Party to establish, maintain or protect its rights and remedies or to effect the intents
and purposes of this SPA.

 

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		10.7	Governing Law

 

This SPA shall be a contract under the
laws of India and for all purposes shall be governed by and construed and enforced in accordance with the laws of India.

 

		10.8	Notices

 

Unless otherwise specifically provided
herein, all notices, consents, requests, demands and other communications required or permitted hereunder:

 

		(a)	shall be in writing;

 

		(b)	shall be sent by messenger, certified or registered mail, a reliable
express delivery service or email, to the appropriate address(es) or number(s) set forth below;

 

		(c)	shall be deemed to have been given on the date of receipt by the addressee
(or, if the date of receipt is not a business day, on the first business day after the date of receipt), as evidenced by (i) a receipt
executed by the addressee (or a responsible person in his or her office), the records of the Person delivering such communication or a
notice to the effect that such addressee refused to claim or accept such communication, if sent by messenger, or express delivery service;
and

 

		(d)	all
                                            such communications shall be sent to the following addresses or numbers, or to such other
                                            addresses or numbers as any party may inform the others by giving five business days’
                                            prior notice1:

 

If to the Company:

At the address hereinabove

 

If to the Sellers:

At the address hereinabove

 

If to the Purchaser:

At the address hereinabove

 

		10.9	Severability

 

Any provision of this SPA which is prohibited
or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability
without invalidating the remaining portions hereof or affecting the validity or enforceability of such provision in any other jurisdiction.

 

		10.10	Successors and Assigns

 

This SPA shall be binding upon and shall
inure to the benefit of each of the Parties and their respective legal representatives, heirs, successors and permitted assigns.

 

		10.11	Confidentiality and Non - Compete

 

The Parties have entered into a Non-Disclosure
and Confidentiality Agreement dated 18th February 2020 as per terms and conditions more specifically stated therein and the
same is valid, binding and subsisting as on date.

 

The Sellers agree not to carry on any business,
directly or indirectly, similar to the business of the Company or the Purchase for a period of three years from the date hereof.

 

		10.12	Jurisdiction

 

Subject to Clause 8 above, this SPA
shall be subject to the jurisdiction of the Courts at New Delhi, only and no other Court shall have jurisdiction.

 

 

  

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IN WITNESS WHEREOF the Parties have executed
this SPA as of the day and year first above written.

 

	SIGNED AND DELIVERED	 	)	 
	by the “COMPANY”	 	)	 
	DDC CATV NETWORK  PVT. LTD.	 	)	 
	by the hand of Mr. Ravi Gupta	 	)	/s/ Ravi Gupta
	the authorized signatory pursuant to	 	)	 
	the Resolution passed by the	 	)	 
	Board of Directors of the Company	 	)	 
	in the presence of:	 	)	 
	1. Rekha Gupta w/o Tarun Gupta	 	)	/s/ Rekha Gupta
	R/o 40/12-A, Mnohar Kunj, Gautam Nagar,	 	)	 
	New Delhi - 110049	 	)	 
	 	 	 	 
	SIGNED AND DELIVERED	 	)	 
	by the “Sellers”	 	)	 
	1. Ravi Gupta	 	)	/s/ Ravi Gupta
	2. Nirlep Kumar	 	) 	/s/ Nirlep Kumar
	in the presence of:	 	)	 
	1. Rekha Gupta w/o Tarun Gupta	 	)	/s/ Rekha Gupta
	R/o 40/12-A, Mnohar Kunj, Gautam Nagar,	 	)	 
	New Delhi - 110049	 	)	 
	 	 	 	 
	SIGNED AND DELIVERED	 	)	 
	by the “Purchaser”	 	)	 
	LITUUS TECHNOLOGIES	 	)	 
	LIMITED	 	)	 
	by the hand of Mr. Dharmesh Pandya	 	)	/s/ Dharmesh Pandya
	the authorized signatory pursuant to	 	)	 
	the Resolution passed by the	 	)	 
	Board of Directors of the Company	 	)	 
	in the presence of:	 	)	 
	1.	 	)	 
	 	 	)	 
	2.	 	)	 

 

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ANNEXURE -I

 

SHAREHOLDING PATTERN OF THE COMPANY

 

Shareholding Pattern

 

	Sr No.	 	Name of the Shareholder	 	No. of Share Held	 	 	%of Share	 
	1	 	Ravi Gupta	 	 	5,000	 	 	 	50	 
	2	 	Nirlep Kumar	 	 	5,000	 	 	 	50	 
	 	 	Total:-	 	 	10,000	 	 	 	100	%

 

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Annexure-II

 

NEWSHAREHOLDING PATTERN OF THE COMPANY (AFTER
THE TRANSFER OF SHARES)

Shareholding Pattern

 

	Sr No.	 	Name of the Shareholder	 	No. of Share Held	 	 	%of Share	 
	1	 	Ravi Gupta	 	 	2550	 	 	 	25.5	 
	2	 	Nirlep Kumar	 	 	2550	 	 	 	25.5	 
	3	 	Lituus Technologies Ltd.	 	 	4900	 	 	 	49	 
	 	 	Total:-	 	 	 	 	 	 	100	 

 

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ANNEXURE-III

 

Sale Share Consideration

 

Sale Share Consideration: The amount of Rs. 1,92,08,000
shall be payable on successful listing of the Purchaser on a recognized stock exchange i.e. consideration value of Rs. 3920 per share.
The said Sale Share Consideration shall be paid within 2 weeks of the successful listing of the Purchaser.

 

 

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