Document:

Document

Execution Version

Exhibit 10.3

FIRST AMENDMENT TO SECURITY AGREEMENT
This FIRST AMENDMENT TO SECURITY AGREEMENT, dated as of February 4, 2022 (this “First Amendment”), is entered into by and among FTI Consulting, Inc., a Maryland corporation (the “Company”), the Subsidiaries of the Company party hereto, as grantors (each a “Grantor”, and together with the Company, the “Grantors”), and Bank of America, N.A., as administrative agent  for the holders of the Secured Obligations (in such capacity, the “Administrative Agent”).
RECITALS:
WHEREAS, the Company, the other Grantors party thereto and the Administrative Agent are party to that certain Security Agreement, dated as of June 26, 2015 (as amended, restated, amended and restated, supplemented or otherwise modified prior to the date hereof and including all exhibits and schedules thereto, the “Existing Security Agreement”);
WHEREAS, on the date hereof, the parties to the Credit Agreement (as defined in the Existing Security Agreement) (the “Existing Credit Agreement”) are entering into that certain First Amendment to Amended and Restated Credit Agreement (the “First Amendment to Credit Agreement,” and the Credit Agreement (as defined in the Security Agreement immediately prior to the effectiveness of this First Amendment), as amended by the First Amendment to Credit Agreement, the “Credit Agreement”), pursuant to which the Administrative Agent and the Lenders party thereto have agreed, among other things, to amend certain terms of the Existing Credit Agreement in connection with the implementation of the Initial Cash Pooling Arrangements (as defined therein), in each case, upon terms and subject to the conditions set forth in the First Amendment to Credit Agreement; and
WHEREAS, in accordance with Section 12 of the Existing Security Agreement, the Administrative Agent, the Company and each other Grantor party hereto have each agreed, subject to the terms and conditions stated below, to the amendments and other transactions described herein.
NOW, THEREFORE, in consideration of the foregoing and in order to induce the parties hereto to enter into the transactions described herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, each of the parties hereto hereby agree as follows:
SECTION 1.Interpretation.
(a)Definitions. Capitalized terms used herein and not otherwise defined herein shall have the meanings given to them in the Existing Security Agreement as amended hereby (the “Security Agreement”).
(b)Incorporation into Security Agreement. The Existing Security Agreement and this First Amendment shall henceforth be read together and shall have the effect as if all the provisions of such agreements were contained in one instrument.
(c)Headings. The headings used in this First Amendment are and shall be without substantive meaning or content of any kind whatsoever and are not a part of, and shall not affect the interpretation of, this First Amendment.
(d)Interpretation. This First Amendment shall be construed and interpreted in accordance with the rules of construction set forth in Section 1 of the Security Agreement, and Sections 1.02 and 1.03 of the Credit Agreement.
    

SECTION 2.Amendments. On the First Amendment Effective Date (as defined in the Credit Agreement), the Existing Security Agreement is hereby amended as follows:
(a)The definition of “Excluded Property” in Section 1.1(c) of the Existing Security Agreement is hereby amended and restated as follows:  
““Excluded Property” means, with respect to any Loan Party, including any Person that becomes a Loan Party after the Closing Date as contemplated by the Additional Guarantor Provisions, (a) any fee owned Real Property other than Material Real Property and any leasehold interest in Real Property, (b) motor vehicles and other assets subject to certificates of title, except to the extent a security interest therein can be perfected by the filing of a UCC financing statement, (c) any commercial tort claim with an individual value of less than $5,000,000, (d) governmental licenses or state or local franchises, charters and authorizations and any other property and assets to the extent that the Administrative Agent may not validly possess a security interest therein under applicable laws (including, without limitation, rules and regulations of any governmental authority or agency) or the pledge or creation of a security interest in which would require governmental consent, approval, license or authorization, which has not obtained, other than to the extent such prohibition or limitation is rendered ineffective under the UCC or any other applicable law (including Debtor Relief Laws) or principles of equity notwithstanding such prohibition and other than proceeds and receivables thereof, the assignment of which is expressly deemed effective under the UCC or any other applicable law (including Debtor Relief Laws) or principles of equity notwithstanding such prohibition, (e) any lease, license or agreement or any property subject to a purchase money security interest, Capital Lease or similar arrangement permitted under the Credit Agreement, in each case, to the extent the grant of a security interest therein would violate or invalidate such lease, license or agreement or purchase money or similar arrangement or create a right of termination in favor of, or require a consent not obtained of, any other party thereto (other than the Company or a Restricted Subsidiary) after giving effect to the applicable anti-assignment provisions of the UCC or any other applicable law (including Debtor Relief Laws) or principles of equity, other than proceeds and receivables thereof, the assignment of which is expressly deemed effective under the UCC or any other applicable law (including Debtor Relief Laws) or principles of equity notwithstanding such prohibition, (f) letter of credit rights, except to the extent a security interest therein can be accomplished by the filing of a UCC financing statement (it being understood that no actions shall be required to perfect a security interest in letter of credit rights, other than the filing of a UCC financing statement), (g) any intent-to-use trademark application prior to the filing of a “Statement of Use” or “Amendment to Allege Use” with respect thereto, to the extent, if any, that, and solely during the period, if any, in which, the grant of a security interest therein would impair the validity or enforceability of such intent-to-use trademark application under applicable federal law, (h) any Excluded Securities, (i) assets in circumstances where (A) a security in such asset would result in material tax consequences under Section 956 of the Code, as reasonably determined by the Company, or (B) the cost or burden of obtaining a security interest in such assets, including, without limitation, the cost or burden of title insurance, surveys or flood insurance (if necessary) would be excessive in light of the practical benefit to the Lenders afforded thereby as determined by the Company and the Administrative Agent, and (j) each of the Cash Pooling Accounts (as defined in the Credit Agreement) that are subject to the Cash Pooling Arrangements (as defined in the Credit Agreement), solely during the period in which such deposit account or securities account is subject to a Cash Pooling Arrangement.”
    (b)    Section 5(k)(i) of the Existing Security Agreement is hereby amended by replacing the words “Provide not less than 5 days’ prior written notice (or such lesser notice period or subsequent notice thereof, as agreed to by the Administrative Agent), to the Administrative Agent,” with the words “Provide written notice to the Administrative Agent within thirty (30) days”.  
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SECTION 3.Conditions of Effectiveness. This First Amendment shall become effective as of the first date on which each of the following conditions precedent shall have been satisfied: 
(a)The Administrative Agent shall have received executed counterparts of this First Amendment, each duly executed by (i) the Administrative Agent and (ii) a Responsible Officer of each Loan Party.
(b)The First Amendment Effective Date (as defined in the Credit Agreement) shall have occurred.
SECTION 4.Representations and Warranties. Each Grantor represents and warrants to the Administrative Agent and the Lenders that: 
(a)the execution, delivery and performance by each Grantor of this First Amendment has been duly  authorized by  all necessary corporate or other organizational action and has been duly executed and delivered by each Grantor and constitutes a legal, valid and binding obligation of each Grantor, enforceable against each such Grantor in accordance with its terms, subject to bankruptcy, insolvency and similar laws affecting the enforceability of creditors’ rights generally      and to general principles of equity; and 
(b)the representations and warranties of each Grantor which are contained in the Security Agreement, shall (i) with respect to representations and warranties that contain a materiality qualification or are qualified by Material Adverse Effect (as defined in the Existing Security Agreement), be true and correct and (ii) with respect to representations and warranties that do not contain a materiality qualification and are not qualified by Material Adverse Effect, be true and correct in all material respects, in each case, on and as of the First Amendment Effective Date (as defined in the Credit Agreement).
SECTION 5.Consent. Each Grantor hereby acknowledges that it (i) has reviewed the terms and provisions of this First Amendment, (ii) consents to the amendments to the Existing Security Agreement effected pursuant to this First Amendment, (iii) consents to the terms, conditions and other provisions of this First Amendment and the Security Agreement, and (iv) consents to each of the transactions contemplated hereby and by the Security Agreement.  Each Grantor hereby confirms and agrees that, notwithstanding the effectiveness of this First Amendment, each of the Security Agreement and each Loan Document to which such Grantor is a party or otherwise bound, and the obligations of such Grantor contained in the Security Agreement and each such Loan Document, are and shall continue to be in full force and effect and are hereby ratified and confirmed in all respects, in each case as amended by this First Amendment.
SECTION 6.Certain Consequences of Effectiveness.
(a)Except as expressly set forth herein and in the Security Agreement, this First Amendment shall not by implication or otherwise limit, impair, constitute a waiver of, or otherwise affect the rights and remedies of the Lenders or the Administrative Agent or any other party under the Existing Security Agreement, and shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Existing Security Agreement, all of which are ratified and affirmed in all respects and shall continue in full force and effect.
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(b)Nothing herein shall be deemed to entitle the Company to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Existing Security Agreement, the Security Agreement or any other Loan Document in similar or different circumstances.
(c)On and after the First Amendment Effective Date (as defined in the Credit Agreement), each reference in the Existing Security Agreement to “this Agreement”, “herein”, “hereunder”, “hereto”, “hereof” and words of similar import shall, unless the context otherwise requires, refer to the Security Agreement, as amended by this First Amendment, and each reference to the Existing Security Agreement in any other Loan Document shall be deemed to be a reference to the Security Agreement. This First Amendment shall constitute a Loan Document for all purposes of the Credit Agreement, as amended by the First Amendment to Credit Agreement.
SECTION 7.Execution in Counterparts; Integration. This First Amendment may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Delivery of an executed counterpart of a signature page of this First Amendment by facsimile or other electronic format (including .pdf) shall be effective as delivery of a manually executed counterpart of this First Amendment. This First Amendment comprises the complete and integrated agreement of the parties on the subject matter hereof and thereof and supersedes all prior agreements, written or oral, on such subject matter. In the event of any conflict between the provisions of this First Amendment and those of any other Loan Document, the provisions of this First Amendment shall control; provided that the inclusion of supplemental rights or remedies in favor of the Administrative Agent or the Lenders in any other Loan Document shall not be deemed a conflict with this First Amendment.
SECTION 8.Governing Law. THIS FIRST AMENDMENT AND ANY  CLAIMS, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS FIRST AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.
Notwithstanding anything to the contrary contained herein, the provisions of Section 11.18(b), Section 11.18(c), Section 11.18(d) and Section 11.19 of the Existing Credit Agreement are incorporated by reference herein, mutatis mutandis.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
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    IN WITNESS WHEREOF, the parties hereto have caused this First Amendment to be duly executed by their respective authorized officers as of the day and year first written above.

COMPANY:
FTI CONSULTING, INC., 
a Maryland corporation
By:      /s/ Curtis P. Lu__________    
Name:  Curtis P. Lu
Title:  General Counsel

[Signature Page to First Amendment to Security Agreement]

GUARANTORS:
FTI, LLC,
a Maryland limited liability company
COMPASS LEXECON LLC,
a Maryland limited liability company
FTI INTERNATIONAL LLC, 
a Maryland limited liability company
FTI CONSULTING LLC, 
a Maryland limited liability company
FTI GENERAL PARTNER LLC, 
a Maryland limited liability company
FTI HOSTING LLC, 
a Maryland limited liability company
FTI CONSULTING TECHNOLOGY LLC, 
a Maryland limited liability company
FTI CONSULTING TECHNOLOGY SOFTWARE CORP, 
a Washington corporation
FD MWA HOLDINGS INC., 
a Delaware corporation
FTI CONSULTING (SC) INC., 
a New York corporation
SPORTS ANALYTICS LLC, 
a Maryland limited liability company
FTI CONSULTING (GOVERNMENT AFFAIRS) LLC,
a New York limited liability company
FTI CONSULTING REALTY LLC,
a New York limited liability company
FTI CONSULTING REALTY, INC.,
a California corporation
FTI CONSULTING ACUITY LLC,
a Maryland limited liability company
FTI CONSULTING PLATT SPARKS LLC,
a Texas limited liability company
By:     /s/ Joanne F. Catanese
Name:  Joanne F. Catanese
Title:   Secretary

[Signature Page to First Amendment to Security Agreement]

GUARANTORS:
FTI INVESTIGATIONS, LLC, 
a Maryland limited liability company
By:      /s/ Ronald E. Reno
Name:  Ronald E. Reno
Title:  Treasurer and Secretary

GREENLEAF POWER MANAGEMENT LLC,
a Maryland limited liability company
By:      /s/ Joanne F. Catanese
Name:  Joanne F. Catanese
Title:  Secretary

FTI CONSULTING GROUP HOLDINGS, INC.,
a District of Columbia corporation
By:    /s/ Curtis P. Lu 
Name:  Curtis P. Lu
Title:  President

FTI CONSULTING HOLDINGS, INC.,
a Delaware corporation

By:      /s/ Curtis P. Lu
Name:  Curtis P. Lu
Title:  President

[Signature Page to First Amendment to Security Agreement]

ADMINISTRATIVE AGENT:
BANK OF AMERICA, N.A., 
as Administrative Agent
By:        /s/ Ronaldo Naval
Name: Ronaldo Naval
Title:   Vice President
[Signature Page to First Amendment to Security Agreement]EX-4.26

 Exhibit 4.26 
  

 
 Dated 31 January 2022 

Jaya Grocer Holdings Sdn. Bhd. 

and 
 D Holdings Inc. 

and 
 Green Aurora Sdn. Bhd.

 AGREEMENT 
 Suite 33.01, Level
33, The Gardens North Tower, Mid Valley City 
 Lingkaran Syed Putra, 59200 Kuala Lumpur, Malaysia 

Tel: +603 2299 3888 | Fax: +603 2287 1278 
 rahmatlim.com 

 TABLE OF CONTENTS 

 

							
	Contents	  	Page	 
			
	 1.    
	 	 Interpretation
	  	 	2	 
			
	 2.
	 	 Term
	  	 	3	 
			
	 3.
	 	 Management Matters
	  	 	3	 
			
	 4.
	 	 Obligations of JGH
	  	 	4	 
			
	 5.
	 	 Expenses
	  	 	4	 
			
	 6.
	 	 Representations and Warranties
	  	 	5	 
			
	 7.
	 	 Announcements and Confidentiality
	  	 	6	 
			
	 8.
	 	 Termination
	  	 	7	 
			
	 9.
	 	 Other Provisions
	  	 	7	 

  

			
	Agreement on Management	  	
		  	i

 This Agreement is made on 31 January 2022 between: 

 

	(1)	 Jaya Grocer Holdings Sdn. Bhd. (Company Registration No. 201601014823 (1185754-D)) (“JGH”), a company incorporated in Malaysia with its registered office at 302-303, Lee Yan Lian Building, Jalan Tun Perak, 50050 Kuala Lumpur,
Malaysia; 

  

	(2)	 D Holdings Inc. (Company Registration No. IC-327122)
(“DHI”), a company incorporated in the Cayman Islands with its registered office at International Corporation Services Ltd. P.O. Box 472, Harbour Place, 2nd Floor, 103 South Church Street, George Town, Grand Cayman, Cayman Islands KY1-1106; and 

  

	(3)	 Green Aurora Sdn. Bhd. (Company Registration No.: 202201001016
(1446713-T)) (“Green Aurora”), a company incorporated in Malaysia whose registered office is at SO-26-02, Menara
1, No. 3, Jalan Bangsar, KL Eco City, 59200 Kuala Lumpur, Malaysia. 

 Whereas: 

 

	(A)	 Pursuant to a share purchase agreement dated 11 December 2021 between Teng Yew Huat and Daniel Teng
Tu Yoong as the vendors (“Vendors”) and DHI as the purchaser (“OS SPA”), the Vendors sold and DHI purchased 5,500,000 ordinary shares in JGH on the terms and subject to the conditions set out in the OS SPA.

  

	(B)	 Pursuant to a share purchase agreement dated 11 December 2021 between Teng Yew Huat and Timbang
Perkasa Sdn. Bhd. (Registration No. 201601013105 (1184036-V)) (“TPSB”) and DHI (“RCPS SPA”), TPSB sold and DHI purchased 3,374,999 redeemable convertible preference
shares in JGH and 1 ordinary share in JGH on the terms and subject to the conditions set out in the RCPS SPA. 

  

	(C)	 On completion of the OS SPA and RCPS SPA, 1 new ordinary share in JGH was issued and allotted to HHI and
1 new reclassified redeemable convertible preference shares A in JGH was issued and allotted to DHI. 

  

	(D)	 Green Aurora was selected by DHI to be DHI’s local partner in DHI’s acquisition of the entire
issued and paid up ordinary shares in JGH, whereby 2,750,001 issued and paid up ordinary shares in JGH constituting fifty per cent. (50%) of all the issued and paid up ordinary shares in JGH was acquired by and transferred to Green Aurora in
consideration of payment of fifty percent. of the Final Consideration (as defined in the OS SPA). 

  

	(E)	 As at the date hereof, DHI is the holder of 2,750,001 issued and paid up ordinary shares in JGH
constituting fifty per cent. (50%) of all the issued and paid up ordinary shares in JGH. The remaining 2,750,001 issued and paid up ordinary shares in JGH are held by Green Aurora in consideration of the Final Consideration (as defined
in the OS SPA) for 2,750,001 issued and paid up ordinary shares in JGH paid by Green Aurora to the Vendors. 

  

	(F)	 JGH, DHI and Green Aurora have agreed to enter into this Agreement to govern the management of JGH on
and subject to the terms and conditions of this Agreement. 

  

			
	Agreement on Management	  	
		  	1

 It is agreed as follows: 
  

	1.	 Interpretation 

 

	1.1	 In this Agreement, the following words and expressions, unless the context otherwise requires, shall
have the following meanings respectively: 

 “ABC Laws” means anti-bribery or anti-corruption Laws,
including without limitation the Malaysian Anti-Corruption Commission Act 2009, the U.S. Foreign Corrupt Practices Act, which prohibit any direct or indirect payment/receipt of money or anything of value to or from any person (including but not
limited to any government official, international organization, non-U.S. political party, party official or candidate for political office) for the purpose of obtaining, retaining or directing business,
securing any improper advantage in the conduct of business, or inducing the improper performance of any public or business-related function; 

“AML Laws” means Laws on anti-terrorism financing and anti-money laundering including the Anti-Money Laundering,
Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001; 
 “Business Day” means a day on which commercial
banks are open for business in Kuala Lumpur, Malaysia, Singapore and the Cayman Islands (excluding Saturdays, Sundays and public holidays); 

“Effective Date” means the completion date of the OS SPA. 

“Encumbrance” means any claim, charge, mortgage, lien, option, equity, power of sale, hypothecation, retention of title, right
of pre-emption, right of first refusal or other third party right or security interest of any kind or an agreement, arrangement or obligation to create any of the foregoing; 

“JGH Group” means JGH and its subsidiaries from time to time; 

“OS SPA” has the meaning ascribed to it in Recital A; 

“Parties” means JGH, DHI and Green Aurora and “Party” means either of them; 

“Proceeding” means any claim, legal action, suit, prosecution, litigation, arbitration or administrative proceeding or any
other form of litigation or dispute resolution process or mediation or any form of administrative or governmental proceedings including any investigation, enquiry by any administrative or governmental body; 

“RCPS SPA” has the meaning ascribed to it in Recital B; 

“Subsidiaries” means Trendcell Sdn. Bhd. (Registration No. 200101008291
(544047-T)) and Jaya 33 Supermarket (Malaysia) Sdn. Bhd. (Registration No. 200701016968 (774977-T)), and “Subsidiary” means any one of them; 

“TPSB” means Timbang Perkasa Sdn. Bhd. (Registration No. 201601013105
(1184036-V)); 

  

			
	Agreement on Management	  	
		  	2

 “Vendors” means Teng Yew Huat (NRIC No. 550513-10-6289) and Daniel Teng Tu Yoong (NRIC No. [Omitted]), both with address at 25, Jalan Kelab Golf 13/8, Seksyen 13, Kampung SAAS, 40100 Shah Alam, Selangor, Malaysia. 

 

	1.2	 The Interpretation Act, Chapter 1 of Singapore shall apply to this Agreement in the same way as it
applies to an enactment. 

  

	1.3	 The headings in this Agreement are inserted for convenience only and shall not affect the interpretation
of this Agreement. 

  

	1.4	 References to “Clauses” are to be construed as references to the clauses of this
Agreement. 

  

	1.5	 Unless the context otherwise requires, words denoting the singular number only shall include the plural
and vice versa. 

  

	1.6	 References to: 

 

	 	1.6.1	 a person include any company, limited liability partnership, partnership, business trust or
unincorporated association (whether or not having separate legal personality); and 

  

	 	1.6.2	 a company shall include any company, corporation or any body corporate, wherever incorporated.

  

	1.7	 The word “affiliate” means, in relation to a person, a person controlling, controlled
by, or under common control with another person. 

  

	1.8	 For the purpose of Clause 1.7, “control” (including its correlative meanings,
“controlled by”, “controlling” and “under common control with”) shall mean, with respect to a corporation, the right to exercise, directly or indirectly, more than fifty per cent. of the voting
rights attributable to the shares of the controlled corporation and, with respect to any person other than a corporation, the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such
person. 

  

	1.9	 References in this Agreement to any action, remedy or method of judicial proceedings for the enforcement
of rights of creditors shall be deemed to include, in respect of any jurisdiction other than Malaysia, references to such action, remedy or method of judicial proceedings for the enforcement of rights of creditors available or appropriate in such
jurisdiction as shall most nearly approximate to such action, remedy or proceeding described or referred to in this Agreement. 

  

	2.	 Term 

  

	2.1	 This Agreement shall take effect on the Effective Date and shall continue until terminated in accordance
with the terms of this Agreement. 

  

	3.	 Management Matters 

 

	3.1	 The Parties agree that in respect of JGH Group, DHI shall be entitled to and shall provide, supply and
render management services required for the business operation of the JGH Group. 

  

			
	Agreement on Management	  	
		  	3

	3.2	 To enable DHI to properly and efficiently discharge its obligations under this Agreement, JGH and Green
Aurora agree that DHI shall have the following rights and powers: 

  

	 	3.2.1	 to appoint C suite executives including the Chief Executive Officer and the senior management;

  

	 	3.2.2	 to take the lead on business planning, budgeting, and funding for the JGH Group whether through debt,
equity or otherwise; 

  

	 	3.2.3	 to decide on strategic matters, service offering, distribution, procurement control and channels;

  

	 	3.2.4	 to decide on change of business strategy and financial strategy; and 

 

	 	3.2.5	 to decide on service offering, distribution, procurement control and channels, change of business
strategy and financial strategy, 

 in the best interest of JGH Group, and in consultation with Green Aurora. 

 

	4.	 Obligations of JGH 

 

	4.1	 JGH undertakes: 

 

	 	4.1.1	 to provide DHI with reasonable access (during normal business hours) to the contracts, books and
records, and all other information, documents and data of JGH and furnish DHI with copies thereof as may reasonably be requested by DHI to enable it to properly and efficiently discharge its duties under this Agreement; 

 

	 	4.1.2	 to not take any action to interfere with DHI’s performance of its powers and duties;

  

	 	4.1.3	 to promptly inform DHI of any queries from the Ministry of Domestic Trade And Consumer Affairs or any
other ministries, governmental agencies or authorities with respect to it or its Subsidiaries, or their shareholding; and 

  

	 	4.1.4	 to supply promptly upon becoming aware of them, the details of any investigations, enquiries, actions or
proceedings from the Ministry of Domestic Trade And Consumer Affairs or any other ministries, governmental agencies or authorities with respect to it or its Subsidiaries, or their shareholding. 

 

	5.	 Expenses 

  

	5.1	 JGH will reimburse DHI for all reasonable expenses properly incurred by it in performing its duties
under this Agreement. JGH may require DHI to produce receipts or other documents as proof that it has incurred any expenses it claims. 

  

			
	Agreement on Management	  	
		  	4

	6.	 Representations and Warranties 

 

	6.1	 Each of the Parties represents and warrants and undertakes to the other that: 

 

	 	6.1.1	 it has the full power and authority to enter into and to perform its obligations under this Agreement
which when executed will constitute valid and binding obligations on it in accordance with its terms; 

  

	 	6.1.2	 the entry into and performance by it and the transactions contemplated by, this Agreement do not and
will not conflict with: 

  

	 	(i)	 any law or regulation applicable to it; or 

 

	 	(ii)	 any agreement or instrument binding upon it, or any of its assets or do not constitute a default or termination
event (however described) under any such agreement or instrument; 

 or result in a breach of, or give any third party a
right to terminate or modify, or result in the creation of any Encumbrance under, any agreement, licence or other instrument or result in a breach of any order, judgment or decree of any court, governmental agency or regulatory body to which the
relevant Party is a party or by which the relevant Party or any of its assets is bound; 
  

	 	6.1.3	 the obligations expressed to be assumed by each Party in this Agreement are legal, valid, binding and
enforceable obligation; 

  

	 	6.1.4	 all approvals, authorisations, consents, clearances, orders, registrations, qualifications, actions,
conditions and things required to be taken, fulfilled and done in order: 

  

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

  

	 	(ii)	 to ensure that its obligations under this Agreement are valid, legally binding and enforceable,

 have been taken, fulfilled and done; 
  

	 	6.1.5	 no Proceeding is currently taking place or pending or, so far as it is aware, threatened against or
otherwise likely to involve it or any of its assets which could reasonably be expected to: 

  

	 	(i)	 result in the issuance of an order restraining, enjoining or otherwise prohibiting or making illegal the
performance by it of its obligations under this Agreement; or 

  

	 	(ii)	 have the effect of delaying, frustrating or preventing it from performing its obligations under this Agreement;
and 

  

			
	Agreement on Management	  	
		  	5

	 	6.1.6	 it has not violated any applicable ABC Laws and AML Laws. 

 

	7.	 Announcements and Confidentiality 

 

	7.1	 Announcements 

No disclosure, announcement or circular in connection with the existence or the subject matter of this Agreement shall be made or issued by or
on behalf of JGH or Green Aurora without the prior written approval of DHI. This shall not affect any disclosure, announcement or circular required by law or any regulatory body but JGH and Green Aurora shall consult with DHI insofar as is
reasonably practicable before complying with such an obligation. 
  

	7.2	 Confidentiality 

 

	 	7.2.1	 Subject to Clause 7.2.2, JGH and Green Aurora shall treat as strictly confidential and not disclose or
use any information received or obtained as a result of entering into this Agreement which relates to: 

  

	 	(i)	 the existence and the provisions of this Agreement; or 

 

	 	(ii)	 the negotiations relating to this Agreement; 

 

	 	7.2.2	 Clause 7.2.1 shall not prohibit disclosure or use of any information if and to the extent:

  

	 	(i)	 the disclosure or use is required by law or any regulatory body; 

 

	 	(ii)	 the disclosure or use is required for the purpose of any judicial proceedings arising out of this Agreement or
the disclosure is made to a tax authority in connection with the tax affairs of JGH or Green Aurora; 

  

	 	(iii)	 the disclosure is made to such professional advisers of JGH or Green Aurora as notified to DHI on terms
satisfactory to DHI that such professional advisers undertake to comply with the provisions of this Clause 7.2 in respect of such information as if they were a party to this Agreement including but not limited to the destruction of such documents or
information upon request by the DHI save as may be required by applicable document retention laws; 

  

	 	(iv)	 the information is or becomes publicly available (other than by breach of this Agreement); or

  

	 	(v)	 the DHI has given prior written approval to the disclosure or use, 

provided that prior to disclosure or use of any information pursuant to Clauses 7.2.2(i) or (ii), DHI or Green Aurora concerned shall promptly
notify the DHI of such requirement with a view to providing the DHI with the opportunity to contest such disclosure or use or otherwise to agree the timing and content of such disclosure or use. 

  

			
	Agreement on Management	  	
		  	6

	8.	 Termination 

  

	8.1	 This Agreement shall be terminated in the event DHI or its affiliate ceases to hold any shares in JGH,
and DHI shall be released and discharged from any further obligations under this Agreement. 

  

	9.	 Other Provisions 

 

	9.1	 Further Assurances 

JGH will do all things and execute all deeds, instruments, transfers or other documents, and do all acts and things as may be necessary or
desirable to give full effect to the provisions of this Agreement and the transactions contemplated by it. 
  

	9.2	 Time of the Essence 

 

	9.3	 Time shall be of the essence of this Agreement both as regards any dates, times and periods mentioned
and as regards any dates, times and periods which may be substituted for them in accordance with this Agreement. 

  

	9.4	 No Partnership 

The relationship between the Parties shall not constitute a partnership. JGH and Green Aurora do not have the power or the right to bind,
commit or pledge the credit of the DHI. 
  

	9.5	 Costs 

DHI shall bear its own costs in connection with the preparation, negotiation and entry into of this Agreement. The costs incurred by JGH
in connection with the preparation, negotiation and entry into of this Agreement shall be borne by JGH. 
  

	9.6	 Stamp Duty 

  

	9.7	 Any costs incurred in the stamping of this Agreement shall be borne by DHI. 

 

	9.8	 Notices 

  

	 	9.8.1	 Any notice or other communication in connection with this Agreement (each, a “Notice”)
shall be: 

  

	 	(i)	 in English; 

  

	 	(ii)	 in writing and signed by or on behalf of the Party giving it; and 

 

	 	(i)	 delivered by hand, e-mail,
pre-paid registered post or courier. 

  

	 	9.8.2	 A Notice to JGH shall be sent to the following address, or such other person or address as JGH may
notify to DHI and Green Aurora from time to time: 

  

			
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	 	JGH	 

 

					
	Address:	 		  	 B-G-17 & B-G-19, Jalan PJS 2B / 4, Pusat Perniagaan Metro, 46150
 Petaling Jaya, Selangor.

	E-mail:	 		  	[Omitted]
	Attention:	 	        	  	Mr Goh Su Sean

  

	 	9.8.3	 A Notice to DHI shall be sent to the following address, or such other person or address as DHI may
notify to JGH and Green Aurora from time to time: 

  

	 	DHI	 

 

					
	Address:	 	        	  	 c/o International Corporation Services Ltd P.O. Box 472, Harbour

Place, 2nd Floor 103 South Church Street

	E-mail:	 		  	[Omitted]
	Attention:	 		  	Mr Artawat Udompholkul

  

	 	9.8.4	 A Notice to Green Aurora shall be sent to the following address, or such other person or address as
Green Aurora may notify to JGH and DHI from time to time: 

  

	 	Green	 Aurora 

 

					
	Address:	 	        	  	 SO-26-02, Menara 1, No. 3, Jalan Bangsar, KL Eco City,
59200
 Kuala Lumpur, Malaysia

	E-mail:	 		  	[Omitted]
	Attention:	 		  	Dato’ (Dr.) Khor Swee Wah @ Koh Bee Leng

  

	 	9.8.5	 A Notice shall be effective upon receipt and shall be deemed to have been received:

  

	 	(i)	 at the time of delivery, if delivered by hand or courier; 

 

	 	(ii)	 five (5) Business Days after posting, if delivered by pre-paid
registered post; or 

  

	 	(iii)	 when the electronic mail message is sent, provided that the message is in legible form and no message is
received by the sender indicating that such message has not been received by or delivered to the intended recipient, if delivered by e-mail, 

provided that if deemed receipt of any Notice occurs after 6:00 pm or is not on a Business Day, deemed receipt of the Notice shall be 9:00 am
on the next Business Day. References to time in this Clause 9.8 (Notices) are to local time in the country of the addressee. 

  

			
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	9.9	 Successors and Assigns 

 

	 	9.9.1	 This Agreement shall be binding on the Parties and their respective successors in title. Each Party
shall not, without the prior written consent of the other, assign the benefit or novate all or any of its obligations under this Agreement, or any benefit arising under or out of this Agreement. 

 

	9.10	 Whole Agreement 

 

	 	9.10.1	 This Agreement contains the whole agreement between JGH, DHI and Green Aurora relating to the subject
matter of this Agreement at the date of this Agreement to the exclusion of any terms implied by law which may be excluded by contract and supersedes any previous written or oral agreement between JGH, DHI and Green Aurora in relation to the matters
dealt with in this Agreement. 

  

	 	9.10.2	 So far as is permitted by law and except in the case of fraud, each of JGH, DHI and Green Aurora agrees
and acknowledges that its only right and remedy in relation to any representation, warranty or undertaking made or given in connection with this Agreement shall be for breach of the terms of this Agreement to the exclusion of all other rights and
remedies (including those in tort or arising under statute). 

  

	9.11	 Variation, Waiver, etc 

Save as otherwise expressly provided, no modification, amendment or waiver of any of the provisions of this Agreement shall be effective unless
made in writing specifically referring to this Agreement and duly signed by the Parties. 
  

	9.12	 Invalidity 

  

	 	9.12.1	 If any provision in this Agreement shall be held to be illegal, invalid or unenforceable, in whole or in
part, the provision shall apply with whatever deletion or modification is necessary so that the provision is legal, valid and enforceable and gives effect to the commercial intention of this Agreement. 

 

	 	9.12.2	 To the extent it is not possible to delete or modify the provision, in whole or in part, under Clause
9.12.1, then such provision or part of it shall, to the extent that it is illegal, invalid or unenforceable, be deemed not to form part of this Agreement and the legality, validity and enforceability of the remainder of this Agreement shall, subject
to any deletion or modification made under Clause 9.12.1, not be affected. 

  

	9.13	 Rights of Third Parties 

The terms and provisions of this Agreement are intended solely for the benefit of each Party and their respective successors or permitted
assigns, and it is not the intention of the Parties to confer third party beneficiary rights upon any other person. 
  

	9.14	 Counterparts 

  

			
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	 	9.14.1	 This Agreement may be entered into in any number of counterparts, all of which taken together shall
constitute one and the same instrument. Either Party may enter into this Agreement by executing any such counterpart. 

  

	 	9.14.2	 Delivery of an executed signature page of a counterpart in Portable Document Format (PDF) (or similar
file format) sent by electronic mail or using any other agreed means of exchanging electronic signatures shall take effect as delivery of an executed counterpart of this Agreement. 

 

	9.15	 Governing Law and Submission to Jurisdiction 

 

	 	9.15.1	 This Agreement and any non-contractual obligations arising out
of or in connection with it shall be governed by and construed in accordance with laws of Singapore. 

  

	 	9.15.2	 JGH and Green Aurora irrevocably submits to the non-exclusive
jurisdiction of the courts of Singapore to support and assist the arbitration process pursuant to Clause 9.15, including if necessary the grant of interlocutory relief pending the outcome of that process. 

 

	9.16	 Arbitration 

  

	 	9.16.1	 Any dispute arising out of or in connection with this Agreement, including any question as to the
validity, existence or termination of this Agreement and/or this Clause 9.16.1, shall be resolved by arbitration conducted in English by a single arbitrator pursuant to the rules of the Singapore International Arbitration Centre for the time being
in force, which rules are deemed to be incorporated by reference in this clause. 

  

	 	9.16.2	 The place of the arbitration shall be Singapore. 

 

	 	9.16.3	 The arbitration agreement contained in this clause shall be governed by the laws of Singapore.

  

	 	9.16.4	 Any Party may bring an action for interim injunctive or other similar interim mandatory or prohibitory relief
in any court of competent jurisdiction, including without limitation, any proceedings for the detention, custody or preservation of any property, pending the results of the arbitration. Notwithstanding Clause 9.16.1, a Party shall not be precluded
from applying for the recognition or enforcement of any arbitral award granted in accordance with Clause 9.16.1, in any court having jurisdiction. Save for the foregoing and to the fullest extent permitted by applicable law, the Parties waive their
right to any form of appeal against any award of the arbitrator or any other recourse to a court of law. 

  

			
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 In witness whereof this Agreement has been entered into on the date stated at the beginning. 

 

					
	JGH	 		 	
			
	SIGNED for and on behalf of	 	

	 	
	  
 Jaya Grocer Holdings Sdn. Bhd.

(Registration No. 201601014823 (1185754-D))
	 	
	 	
	 	
	 	
	 	
	 	
		 		 	 /s/ Goh Su Sean 

		 		 	 Name: Goh Su Sean
 Position:
Director

		 	

  

			
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	DHI	 		 	
			
	SIGNED in the name and on behalf of	 	

	 	
	 D Holdings Inc.

(Registration No. IC-327122)
	 	
	 	
		 	
		 	
		 	
			
		 		 	 /s/ Artawat Udompholkul 

		 		 	Name: Artawat Udompholkul
		 		 	Designation: Director

  

			
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 Green Aurora 
  

					
	SIGNED for and on behalf of	 	

	 	
	  
 Green Aurora Sdn. Bhd.

(Registration No.: 202201001016 (1446713-T))
  

 
  
 in the presence
of:
	 	
	 	
	 	
	 	
	 	
	 	 /s/ Dato’ (Dr.) Khor Swee Wah @ Koh Bee Leng

	 	 Name: Dato’ (Dr.) Khor Swee Wah @ Koh Bee Leng

Position: Director

  

	
	     /s/ Wong Swee Yee 

	Witness’ signature
	
	Name: Wong Swee Yee
	NRIC No.: [Omitted]

  

			
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