Document:

Exhibit 4.1

 

THE REGISTERED HOLDER OF THIS PURCHASE
WARRANT BY ITS ACCEPTANCE HEREOF, AGREES THAT IT WILL NOT SELL, TRANSFER OR ASSIGN THIS PURCHASE WARRANT EXCEPT AS HEREIN PROVIDED
AND THE REGISTERED HOLDER OF THIS PURCHASE WARRANT AGREES THAT IT WILL NOT SELL, TRANSFER, ASSIGN, PLEDGE OR HYPOTHECATE THIS PURCHASE
WARRANT FOR A PERIOD OF ONE HUNDRED EIGHTY (180) DAYS FOLLOWING THE EFFECTIVE DATE (DEFINED BELOW) TO ANYONE OTHER THAN (I) NETWORK
1 FINANCIAL SECURITIES, INC., OR A REPRESENTATIVE OR A SELECTED DEALER IN CONNECTION WITH THE OFFERING, OR (II) A BONA FIDE OFFICER
OR PARTNER OF NETWORK 1 FINANCIAL SECURITIES, INC., OR OF ANY SUCH SELLING AGENTS OR SELECTED DEALER.

 

THIS PURCHASE WARRANT IS NOT EXERCISABLE
PRIOR TO [●], 20[__]. VOID AFTER 5:00 P.M., EASTERN TIME, [●], 20[__].

 

FORM OF SELLING AGENT’S WARRANT

 

FOR THE PURCHASE OF [●] ORDINARY
SHARES

 

OF

 

IMPERIAL GARDEN & RESORT, INC.

 

1.           Purchase
Warrant. THIS CERTIFIES THAT, pursuant to that certain Selling Agency Agreement by and between Imperial Garden & Resort,
Inc., a British Virgin Islands company(the “Company”), on one hand, and Network 1 Financial Securities, Inc.
(the “Selling Agent”), on the other hand, dated [●], 2017 (the “Selling Agency Agreement”),
[●] (“Holder”), as registered owner of this Purchase Warrant, is entitled, at any time or from time to
time from [●], 20[__] (the “Exercise Date”), the date that is 180 days after the closing date of the
Offering (the “Effective Date”), and at or before 5:00 p.m., Eastern time, on [●], 2020 (the “Expiration
Date”)1, but not thereafter, to subscribe for, purchase and receive, in whole or in part, up to such number
of ordinary shares of the Company, no par value per share as equates to six percent (6%) of the gross amount raised during the
Offering divided by $5.00, being the subscription price per ordinary share in the Offering (the “Shares”),
subject to adjustment as provided in Section 6 hereof. If the Expiration Date is a day on which banking institutions
are authorized by law to close, then this Purchase Warrant may be exercised on the next succeeding day which is not such a day
in accordance with the terms herein. During the period ending on the Expiration Date, the Company agrees not to take any action
that would terminate this Purchase Warrant. This Purchase Warrant is initially exercisable at $6.25 per Share (125% of the price
of the Shares sold in the Offering); provided, however, that upon the occurrence of any of the events specified in Section
6 hereof, the rights granted by this Purchase Warrant, including the exercise price per Share and the number of Shares to
be received upon such exercise, shall be adjusted as therein specified. The term “Exercise Price” shall mean
the initial exercise price as set forth above or the adjusted exercise price as a result of the events set forth in Section 6
below, depending on the context.

 

Capitalized terms not defined herein shall
have the meaning ascribed to them in the Selling Agency Agreement. 

 

		2.	Exercise.

 

2.1           Exercise
Form. In order to exercise this Purchase Warrant, the exercise form attached hereto as Exhibit A must be duly
executed and completed and delivered to the Company, together with this Purchase Warrant and payment of the Exercise Price for
the Shares being purchased payable in cash by wire transfer of immediately available funds to an account designated by the Company
or by certified check. If the subscription rights represented hereby shall not be exercised at or before 5:00 p.m., Eastern time,
on the Expiration Date, this Purchase Warrant shall become and be void without further force or effect, and all rights represented
hereby shall cease and expire.

 

 

1 Which
shall be the third year anniversary from the Effective Date

     

     

    

 

2.2           Cashless
Exercise. If at any time after the Exercise Date there is no effective registration statement registering, or no current prospectus
available for, the resale of the Shares by the Holder, then in In lieu of exercising this Purchase Warrant by payment of cash or
check payable to the order of the Company pursuant to Section 2.1 above, Holder may elect to receive the number
of Shares equal to the value of this Purchase Warrant (or the portion thereof being exercised), by surrender of this Purchase Warrant
to the Company, together with the exercise form attached hereto, in which event the Company shall issue to Holder, Shares in accordance
with the following formula:

 

	X	=	Y(A-B)	 	 
	A	 	 
	 	 	 	 
	Where,	X	=	The number of Shares to be issued to Holder;
	 	Y	=	The number of Shares for which the Purchase Warrant is being exercised;
	 	A	=	The fair market value of one Share; and
	 	B	=	The Exercise Price.

 

For purposes of this Section
2.2, the “fair market value” of a Share is defined as follows:

 

(i)           if
the Ordinary Shares is traded on a national securities exchange or the OTCQB Market (or similar quotation system), the value shall
be deemed to be the closing price on such exchange or quotation system the trading day immediately prior to the exercise form being
submitted in connection with the exercise of the Purchase Warrant; or

 

(ii)           if
there is no market for the Ordinary Shares, the value shall be the fair market value thereof, as determined in good faith by the
Company’s Board of Directors.

 

2.3           Legend.
Each certificate for the securities purchased under this Purchase Warrant shall bear a legend as follows unless such securities
have been registered under the Securities Act of 1933, as amended (the “Act”), or are exempt from registration
under the Act:

 

“The securities represented by
this certificate have not been registered under the Securities Act of 1933, as amended (the “Act”), or applicable state
law. Neither the securities nor any interest therein may be offered for sale, sold or otherwise transferred except pursuant to
an effective registration statement under the Act, or pursuant to an exemption from registration under the Act and applicable state
law which, in the opinion of counsel to the Company, is available.”

  

		3.	Transfer.

 

3.1           General
Restrictions. The registered Holder of this Purchase Warrant agrees by his, her or its acceptance hereof, that such Holder
will not: (a) sell, transfer, assign, pledge or hypothecate this Purchase Warrant for a period of one hundred eighty (180) days
following the Effective Date to anyone other than: (i) the Selling Agent or a selected dealer participating in the Offering, or
(ii) a bona fide officer or partner of the Selling Agent or of any such selected dealer, in each case in accordance with FINRA
Conduct Rule 5110(g)(1), or (b) cause this Purchase Warrant or the securities issuable hereunder to be the subject of any hedging,
short sale, derivative, put or call transaction that would result in the effective economic disposition of this Purchase Warrant
or the securities hereunder, except as provided for in FINRA Rule 5110(g)(2). On and after that date that is one hundred eighty
(180) days after the Effective Date, transfers to others may be made subject to compliance with or exemptions from applicable securities
laws. In order to make any permitted assignment, the Holder must deliver to the Company the assignment form attached hereto as Exhibit
B duly executed and completed, together with this Purchase Warrant and payment of all transfer taxes, if any, payable
in connection therewith. The Company shall within five (5) Business Days transfer this Purchase Warrant on the books of the Company
and shall execute and deliver a new Purchase Warrant or Purchase Warrants of like tenor to the appropriate assignee(s) expressly
evidencing the right to purchase the aggregate number of Shares purchasable hereunder or such portion of such number as shall be
contemplated by any such assignment.

 

    2

     

    

 

3.2           Restrictions
Imposed by the Act. The securities evidenced by this Purchase Warrant shall not be transferred unless and until: (i) the Company
has received the opinion of counsel for the Company that the securities may be transferred pursuant to an exemption from registration
under the Act and applicable state securities laws, the availability of which is established to the reasonable satisfaction of
the Company, (ii) a registration statement or a post-effective amendment to the Registration Statement relating to the offer and
sale of such securities that has been declared effective by the U.S. Securities and Exchange Commission (the “Commission”)
and includes a current prospectus or (iii) a registration statement, pursuant to which the Holder has exercised its registration
rights pursuant to Sections 4.1 and 4.2 herein, relating to the offer and sale of such securities has been filed
and declared effective by the Commission and compliance with applicable state securities law has been established.

 

		4.	Registration Rights.

 

4.1           “Piggy-Back”
Registration. Unless all of the Shares underlying the Purchase Warrants (collectively, the “Registrable Securities”)
are included in an effective registration statement with a current prospectus, the Holder shall have the right, until the Expiration
Date, to include the remaining Registrable Securities as part of any other registration of securities filed by the Company (other
than in connection with a transaction contemplated by Rule 145 promulgated under the Act or pursuant to Form S-8 or any equivalent
form); provided, however, that if, solely in connection with any primary underwritten public offering for the account of
the Company, the managing Selling Agent(s) thereof shall, in its reasonable discretion, impose a limitation on the number of shares
of Registrable Securities which may be included in the registration statement because, in such Selling Agent(s)’ judgment,
marketing or other factors dictate such limitation is necessary to facilitate public distribution, then the Company shall be obligated
to include in such registration statement only such limited portion of the Registrable Securities with respect to which the Holder
requested inclusion hereunder as the Selling Agent shall reasonably permit; and further provided that no such piggy-back
rights shall exist for so long as the Registrable Securities (which term shall include those paid as consideration pursuant to
the cashless exercise provisions of this Warrant) may be sold pursuant to Rule 144 of the Act without restriction. Any exclusion
of Registrable Securities shall be made pro rata among the Holders seeking to include Registrable Securities in proportion to the
number of Registrable Securities sought to be included by such Holders; provided, however, that the Company shall not exclude
any Registrable Securities unless the Company has first excluded all outstanding securities, the holders of which are not entitled
to inclusion of such securities in such Registration Statement or are not entitled to pro rata inclusion with the Registrable Securities.
In the event of such a proposed registration, the Company shall furnish the then Holders of outstanding Registrable Securities
with not less than fifteen (15) days written notice prior to the proposed date of filing of such registration statement. Such notice
to the Holders shall continue to be given for each registration statement filed by the Company until such time as all of the Registrable
Securities have been sold by the Holder. The holders of the Registrable Securities shall exercise the “piggy-back”
rights provided for herein by giving written notice, within seven (7) days of the receipt of the Company’s notice of its
intention to file a registration statement. Except as otherwise provided in this Purchase Warrant, there shall be no limit on the
number of times the Holder may request registration under this Section 4.2.2.

 

		4.2	General Terms.

 

4.2.1           Expenses
of Registration. The Company shall bear all fees and expenses attendant to registering the Registrable Securities pursuant
to Sections 4.1 and 4.2 hereof, but the Holders shall pay any and all underwriting commissions and the expenses of any legal counsel
selected by the Holders to represent them in connection with the sale of the Registrable Securities.

 

4.2.2           Indemnification.
The Company shall indemnify the Holder(s) of the Registrable Securities to be sold pursuant to any registration statement hereunder
and each person, if any, who controls such Holders within the meaning of Section 15 of the Act or Section 20 (a) of the Securities
Exchange Act of 1934, as amended (“Exchange Act”), against all loss, claim, damage, expense or liability (including
all reasonable attorneys’ fees and other expenses reasonably incurred in investigating, preparing or defending against any
claim whatsoever) to which any of them may become subject under the Act, the Exchange Act or otherwise, arising from such registration
statement but only to the same extent and with the same effect as the provisions pursuant to which the Company has agreed to indemnify
the Selling Agent contained in Section 7 of the Selling Agency Agreement.

 

    3

     

    

 

4.2.3           Exercise
of Purchase Warrants. Nothing contained in this Purchase Warrant shall be construed as requiring the Holder(s) to exercise
their Purchase Warrants prior to or after the initial filing of any registration statement or the effectiveness thereof.

  

4.2.4           Documents
to be Delivered by Holder(s). Each of the Holder(s) participating in any of the registration statement filed by the Company
shall furnish to the Company a completed and executed questionnaire provided by the Company requesting information customarily
sought of selling security holders.

 

4.2.5           Damages.
Should the registration or the effectiveness thereof required by Section 4 hereof be delayed by the Company or
the Company otherwise fail to comply with such provisions, the Holder(s) shall, in addition to any other legal or other relief
available to the Holder(s), be entitled to equitable (including injunctive) relief against the threatened breach of such provisions
or the continuation of any such breach, without the necessity of proving actual damages and without the necessity of posting bond
or other security.

 

		5.	New Purchase Warrants to be Issued.

 

5.1           Partial
Exercise or Transfer. Subject to the restrictions in Section 3 hereof, this Purchase Warrant may be exercised
or assigned in whole or in part. In the event of the exercise or assignment hereof in part only, upon surrender of this Purchase
Warrant for cancellation, together with the duly executed exercise or assignment form and funds sufficient to pay any Exercise
Price and/or transfer tax if exercised pursuant to Section 2.1 hereof, the Company shall cause to be delivered
to the Holder without charge a new Purchase Warrant of like tenor to this Purchase Warrant in the name of the Holder evidencing
the right of the Holder to purchase the number of Shares purchasable hereunder as to which this Purchase Warrant has not been exercised
or assigned.

 

5.2           Lost
Certificate. Upon receipt by the Company of evidence satisfactory to it of the loss, theft, destruction or mutilation of this
Purchase Warrant and of reasonably satisfactory indemnification or the posting of a bond, the Company shall execute and deliver
a new Purchase Warrant of like tenor and date. Any such new Purchase Warrant executed and delivered as a result of such loss, theft,
mutilation or destruction shall constitute a substitute contractual obligation on the part of the Company.

 

		6.	Adjustments.

 

6.1           Adjustments
to Exercise Price and Number of Shares. The Exercise Price and the number of Shares underlying this Purchase Warrant shall
be subject to adjustment from time to time as hereinafter set forth:

 

6.1.1           Share
Dividends; Split Ups. If, after the date hereof, and subject to the provisions of Section 6.3 below, the number
of outstanding Shares is increased by a stock dividend payable in Shares or by a split up of Shares or other similar event, then,
on the effective day thereof, the number of Shares purchasable hereunder shall be increased in proportion to such increase in outstanding
shares, and the Exercise Price shall be proportionately decreased.

 

6.1.2           Aggregation
of Shares. If, after the date hereof, and subject to the provisions of Section 6.3 below, the number of outstanding
Shares is decreased by a consolidation, combination or reclassification of Shares or other similar event, then, on the effective
date thereof, the number of Shares purchasable hereunder shall be decreased in proportion to such decrease in outstanding shares,
and the Exercise Price shall be proportionately increased.

  

    4

     

    

 

6.1.3           Replacement
of Shares upon Reorganization, etc. In case of any reclassification or reorganization of the outstanding Shares other than
a change covered by Section 6.1.1 or Section 6.1.2 hereof or that solely affects the par value
of such Shares, or in the case of any share reconstruction or amalgamation or consolidation of the Company with or into another
corporation (other than a consolidation or share reconstruction or amalgamation in which the Company is the continuing corporation
and that does not result in any reclassification or reorganization of the outstanding Shares), or in the case of any sale or conveyance
to another corporation or entity of the property of the Company as an entirety or substantially as an entirety in connection with
which the Company is dissolved, the Holder of this Purchase Warrant shall have the right thereafter (until the expiration of the
right of exercise of this Purchase Warrant) to receive upon the exercise hereof, for the same aggregate Exercise Price payable
hereunder immediately prior to such event, the kind and amount of shares of stock or other securities or property (including cash)
receivable upon such reclassification, reorganization, share reconstruction or amalgamation, or consolidation, or upon a dissolution
following any such sale or transfer, by a Holder of the number of Shares of the Company obtainable upon exercise of this Purchase
Warrant immediately prior to such event; and if any reclassification also results in a change in Shares covered by Section
6.1.1 or Section 6.1.2, then such adjustment shall be made pursuant to Section 6.1.1, Section
6.1.2 and this Section 6.1.3. The provisions of this Section 6.1.3 shall similarly apply
to successive reclassifications, reorganizations, share reconstructions or amalgamations, or consolidations, sales or other transfers.

 

6.1.4        Fundamental
Transaction. If, at any time while this Purchase Warrant is outstanding, (i) the Company, directly or indirectly, in one or
more related transactions effects any merger or consolidation of the Company with or into another Person, (ii) the Company, directly
or indirectly, effects any sale, lease, license, assignment, transfer, conveyance or other disposition of all or substantially
all of its assets in one or a series of related transactions, (iii) any direct or indirect purchase offer, tender offer or exchange
offer (whether by the Company or another Person) is completed pursuant to which holders of Ordinary Shares are permitted to sell,
tender or exchange their shares for other securities, cash or property and has been accepted by the holders of 50% or more of the
outstanding Ordinary Shares, (iv) the Company, directly or indirectly, in one or more related transactions effects any reclassification,
reorganization or recapitalization of the Ordinary Shares or any compulsory share exchange pursuant to which the Ordinary Shares
is effectively converted into or exchanged for other securities, cash or property, or (v) the Company, directly or indirectly,
in one or more related transactions consummates a stock or share purchase agreement or other business combination (including, without
limitation, a reorganization, recapitalization, spinoff or scheme of arrangement) with another Person or group of Persons whereby
such other Person or group acquires more than 50% of the outstanding Ordinary Shares (not including any Ordinary Shares held by
the other Person or other Persons making or party to, or associated or affiliated with, the other Persons making or party to such
stock or share purchase agreement or other business combination) (each a "Fundamental Transaction"), then, upon any subsequent
exercise of this Purchase Warrant, the Holder shall have the right to receive, for each Purchase Warrant Share that would have
been issuable upon such exercise immediately prior to the occurrence of such Fundamental Transaction, the number Ordinary Shares
of the successor or acquiring corporation or of the Company, if it is the surviving corporation, and any additional or alternative
consideration (the "Alternative Consideration") receivable as a result of such Fundamental Transaction by a holder of
the number of Ordinary Shares for which this Purchase Warrant is exercisable immediately prior to such Fundamental Transaction.
For purposes of any such exercise, the determination of the Exercise Price shall be appropriately adjusted to apply to such Alternative
Consideration based on the amount of Alternative Consideration issuable in respect of one Ordinary Shares in such Fundamental Transaction,
and the Company shall apportion the Exercise Price among the Alternative Consideration in a reasonable manner reflecting the relative
value of any different components of the Alternative Consideration. If holders of Ordinary Shares are given any choice as to the
securities, cash or property to be received in a Fundamental Transaction, then the Holder shall be given the same choice as to
the Alternative Consideration it receives upon any exercise of this Purchase Warrant following such Fundamental Transaction. The
Company shall cause any successor entity in a Fundamental Transaction in which the Company is not the survivor (the "Successor
Entity") to assume in writing all of the obligations of the Company under this Purchase Warrant, and to deliver to the Holder
in exchange for this Purchase Warrant a security of the Successor Entity evidenced by a written instrument substantially similar
in form and substance to this Purchase Warrant which is exercisable for a corresponding number of shares of capital stock of such
Successor Entity (or its parent entity) equivalent to the Ordinary Shares acquirable and receivable upon exercise of this Purchase
Warrant prior to such Fundamental Transaction, and with an exercise price which applies the Exercise Price hereunder to such shares
of capital stock (but taking into account the relative value of the Ordinary Shares pursuant to such Fundamental Transaction and
the value of such shares of capital stock, such number of shares of capital stock and such exercise price being for the purpose
of protecting the economic value of this Purchase Warrant immediately prior to the consummation of such Fundamental Transaction).
Upon the occurrence of any such Fundamental Transaction, the Successor Entity shall succeed to, and be substituted for (so that
from and after the date of such Fundamental Transaction, the provisions of this Purchase Warrant and the other Transaction Documents
referring to the "Company" shall refer instead to the Successor Entity), and may exercise every right and power of, the
Company and shall assume all of the obligations of the Company, under this Purchase Warrant and the other Transaction Documents
with the same effect as if such Successor Entity had been named as the Company herein.

 

    5

     

    

 

6.1.5  Changes
in Form of Purchase Warrant. This form of Purchase Warrant need not be changed because of any change pursuant to this Section
6.1, and Purchase Warrants issued after such change may state the same Exercise Price and the same number of Shares as are
stated in the Purchase Warrants initially issued pursuant to this Agreement. The acceptance by any Holder of the issuance of new
Purchase Warrants reflecting a required or permissive change shall not be deemed to waive any rights to an adjustment occurring
after the date hereof or the computation thereof.

 

6.2           Substitute
Purchase Warrant. In case of any consolidation of the Company with, or share reconstruction or amalgamation of the Company
with or into, another corporation (other than a consolidation or share reconstruction or amalgamation which does not result in
any reclassification or change of the outstanding Shares), the corporation formed by such consolidation or share reconstruction
or amalgamation shall execute and deliver to the Holder a supplemental Purchase Warrant providing that the holder of each Purchase
Warrant then outstanding or to be outstanding shall have the right thereafter (until the stated expiration of such Purchase Warrant)
to receive, upon exercise of such Purchase Warrant, the kind and amount of shares of stock and other securities and property receivable
upon such consolidation or share reconstruction or amalgamation, by a holder of the number of Shares of the Company for which such
Purchase Warrant might have been exercised immediately prior to such consolidation, share reconstruction or amalgamation, sale
or transfer. Such supplemental Purchase Warrant shall provide for adjustments which shall be identical to the adjustments provided
for in this Section 6. The above provision of this Section 6 shall similarly apply to successive consolidations
or share reconstructions or amalgamations. 

 

6.3           Elimination
of Fractional Interests. The Company shall not be required to issue certificates representing fractions of Shares upon the
exercise of the Purchase Warrant, nor shall it be required to issue scrip or pay cash in lieu of any fractional interests, it being
the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up or down, as the case may
be, to the nearest whole number of Shares or other securities, properties or rights.

 

7.             Reservation
and Listing. The Company shall at all times reserve and keep available out of its authorized Shares, solely for the purpose
of issuance upon exercise of this Purchase Warrant, such number of Shares or other securities, properties or rights as shall be
issuable upon the exercise thereof. The Company covenants and agrees that, upon exercise of this Purchase Warrant and payment of
the Exercise Price therefor, in accordance with the terms hereby, all Shares and other securities issuable upon such exercise shall
be duly and validly issued, fully paid and non-assessable and not subject to preemptive rights of any shareholder. The Company
further covenants and agrees that upon exercise of this Purchase Warrant and payment of the exercise price therefor, all Shares
and other securities issuable upon such exercise shall be duly and validly issued, fully paid and non-assessable and not subject
to preemptive rights of any shareholder. As long as this Purchase Warrant shall be outstanding, the Company shall use its commercially
reasonable efforts to cause all Shares issuable upon exercise of this Purchase Warrant to be listed (subject to official notice
of issuance) on all national securities exchanges (or, if applicable, on the OTCQB Market or any successor quotation system) on
which the Shares issued to the public in the Offering may then be listed and/or quoted (if at all).

 

		8.	Certain Notice Requirements.

 

8.1           Holder’s
Right to Receive Notice. Nothing herein shall be construed as conferring upon the Holders the right to vote or consent or to
receive notice as a shareholder for the election of directors or any other matter, or as having any rights whatsoever as a shareholder
of the Company. If, however, at any time prior to the expiration of the Purchase Warrants and their exercise, any of the events
described in Section 8.2 shall occur, then, in one or more of said events, the Company shall give written notice
of such event at least fifteen days prior to the date fixed as a record date or the date of closing the transfer books (the “Notice
Date”) for the determination of the shareholders entitled to such dividend, distribution, conversion or exchange of securities
or subscription rights, or entitled to vote on such proposed dissolution, liquidation, winding up or sale. Such notice shall specify
such record date or the date of the closing of the transfer books, as the case may be. Notwithstanding the foregoing, the Company
shall deliver to each Holder a copy of each notice given to the other shareholders of the Company at the same time and in the same
manner that such notice is given to the shareholders.

 

    6

     

    

 

8.2           Events
Requiring Notice. The Company shall be required to give the notice described in this Section 8 upon one or
more of the following events: (i) if the Company shall take a record of the holders of its Shares for the purpose of entitling
them to receive a dividend or distribution payable otherwise than in cash, or a cash dividend or distribution payable otherwise
than out of retained earnings, as indicated by the accounting treatment of such dividend or distribution on the books of the Company,
(ii) the Company shall offer to all the holders of its Shares any additional shares of capital stock of the Company or securities
convertible into or exchangeable for shares of capital stock of the Company, or any option, right or warrant to subscribe therefor,
or (iii) a dissolution, liquidation or winding up of the Company (other than in connection with a consolidation or share reconstruction
or amalgamation) or a sale of all or substantially all of its property, assets and business shall be proposed. 

 

8.3           Notice
of Change in Exercise Price. The Company shall, promptly after an event requiring a change in the Exercise Price pursuant to Section
6 hereof, send notice to the Holders of such event and change (“Price Notice”). The Price Notice shall
describe the event causing the change and the method of calculating same and shall be certified as being true and accurate by the
Company’s Chief Financial Officer.

 

8.4           Transmittal
of Notices. All notices, requests, consents and other communications under this Purchase Warrant shall be in writing and shall
be deemed to have been duly made if made in accordance with the notice provisions of the Selling Agency Agreement to the addresses
and contact information for the Holder appearing on the books and records of the Company.

 

If to the Holder, then to: 

 

Network 1 Financial Securities, Inc.

2 Bridge Avenue, Penthouse

Red Bank, NJ 07701

Attn: Steven Sun

 

With a copy to:

 

Hunter Taubman Fischer & Li LLC

1450 Broadway, 26th Floor

New York, NY 10017

Attn: Joan Wu, Esq.

Fax No.: (212) 202-6380

 

If to the Company:

 

Imperial Garden & Resort, Inc.

106 Zhouzi Street, 4th Floor, 4E

Rouhu District, Taipei, Taiwan (Republic of China)
11493

Telephone: 886-2-2658-2927

 

With a copy to:

 

Sichenzia Ross Ference Kesner LLP

1185 Avenue of the Americas, 37th Floor

New York, NY 10036

Facsimile: (212) 930-9725

Email: jkaplowitz@srfkllp.com

Attention: Jay Kaplowitz,
Esq.

 

    7

     

    

 

		9.	Miscellaneous.

 

9.1           Amendments.
The Company and the Selling Agent may from time to time supplement or amend this Purchase Warrant without the approval of any of
the Holders in order to cure any ambiguity, to correct or supplement any provision contained herein that may be defective or inconsistent
with any other provisions herein, or to make any other provisions in regard to matters or questions arising hereunder that the
Company and the Selling Agent may deem necessary or desirable and that the Company and the Selling Agent deem shall not adversely
affect the interest of the Holders. All other modifications or amendments shall require the written consent of and be signed by
the party against whom enforcement of the modification or amendment is sought.

 

9.2           Headings.
The headings contained herein are for the sole purpose of convenience of reference, and shall not in any way limit or affect the
meaning or interpretation of any of the terms or provisions of this Purchase Warrant.

 

9.3.           Entire
Agreement. This Purchase Warrant (together with the other agreements and documents being delivered pursuant to or in connection
with this Purchase Warrant) constitutes the entire agreement of the parties hereto with respect to the subject matter hereof, and
supersedes all prior agreements and understandings of the parties, oral and written, with respect to the subject matter hereof.

 

9.4           Binding
Effect. This Purchase Warrant shall inure solely to the benefit of and shall be binding upon, the Holder and the Company and
their permitted assignees, respective successors, legal representative and assigns, and no other person shall have or be construed
to have any legal or equitable right, remedy or claim under or in respect of or by virtue of this Purchase Warrant or any provisions
herein contained.

 

9.5           Governing
Law; Submission to Jurisdiction; Trial by Jury. This Purchase Warrant shall be governed by and construed and enforced in accordance
with the laws of the State of New York, without giving effect to conflict of laws principles thereof. The Company hereby agrees
that any action, proceeding or claim against it arising out of, or relating in any way to this Purchase Warrant shall be brought
and enforced in the New York Supreme Court, County of New York, or in the United States District Court for the Southern District
of New York, and irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive. The Company hereby waives any
objection to such exclusive jurisdiction and that such courts represent an inconvenient forum. Any process or summons to be served
upon the Company may be served by transmitting a copy thereof by registered or certified mail, return receipt requested, postage
prepaid, addressed to it at the address set forth in Section 8  hereof. Such mailing shall be deemed personal
service and shall be legal and binding upon the Company in any action, proceeding or claim. The Company and the Holder agree that
the prevailing party(ies) in any such action shall be entitled to recover from the other party(ies) all of its reasonable attorneys’
fees and expenses relating to such action or proceeding and/or incurred in connection with the preparation therefor. The Company
(on its behalf and, to the extent permitted by applicable law, on behalf of its stockholders and affiliates) and the Holder hereby
irrevocably waive, to the fullest extent permitted by applicable law, any and all right to trial by jury in any legal proceeding
arising out of or relating to this Agreement or the transactions contemplated hereby.

 

9.6           Waiver,
etc. The failure of the Company or the Holder to at any time enforce any of the provisions of this Purchase Warrant shall not
be deemed or construed to be a waiver of any such provision, nor to in any way affect the validity of this Purchase Warrant or
any provision hereof or the right of the Company or any Holder to thereafter enforce each and every provision of this Purchase
Warrant. No waiver of any breach, non-compliance or non-fulfillment of any of the provisions of this Purchase Warrant shall be
effective unless set forth in a written instrument executed by the party or parties against whom or which enforcement of such waiver
is sought; and no waiver of any such breach, non-compliance or non-fulfillment shall be construed or deemed to be a waiver of any
other or subsequent breach, non-compliance or non-fulfillment.

 

9.7           Exchange
Agreement. As a condition of the Holder’s receipt and acceptance of this Purchase Warrant, Holder agrees that, at any
time prior to the complete exercise of this Purchase Warrant by Holder, if the Company and the Selling Agent enter into an agreement
(“Exchange Agreement”) pursuant to which they agree that all outstanding Purchase Warrants will be exchanged
for securities or cash or a combination of both, then Holder shall agree to such exchange and become a party to the Exchange Agreement.

 

    8

     

    

 

9.8       Execution
in Counterparts. This Purchase Warrant may be executed in one or more counterparts, and by the different parties hereto in
separate counterparts, each of which shall be deemed to be an original, but all of which taken together shall constitute one and
the same agreement, and shall become effective when one or more counterparts has been signed by each of the parties hereto and
delivered to each of the other parties hereto. Such counterparts may be delivered by facsimile transmission or other electronic
transmission.

 

[Signature Page to Follow]

 

 

    9

     

    

 

IN WITNESS WHEREOF, the Company has caused this Purchase
Warrant to be signed by its duly authorized officer as of the ____ day of _______, 2017.

 

	 	IMPERIAL GARDEN & RESORT, INC.
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:  Fun-Ming Lo
	 	 	Title:  CEO

 

    10

     

    

  

EXHIBIT A

 

Form to be used to exercise Purchase Warrant:

 

Date: __________, 20___

 

The undersigned hereby elects irrevocably
to exercise the Purchase Warrant for ______ Shares of Imperial Garden & Resort, Inc., a British Virgin Islands company(the
“Company”) and hereby makes payment of $____ (at the rate of $____ per Share) in payment of the Exercise Price
pursuant thereto. Please issue the Shares as to which this Purchase Warrant is exercised in accordance with the instructions given
below and, if applicable, a new Purchase Warrant representing the number of Shares for which this Purchase Warrant has not been
exercised.

 

or

 

The undersigned hereby elects irrevocably
to convert its right to purchase ___ Shares under the Purchase Warrant for ______ Shares, as determined in accordance with the
following formula:

 

	 	 X	=	Y(A-B)	 
	 	A	 
	Where,	X	=	The number of Shares to be issued to Holder;
	 	Y	=	The number of Shares for which the Purchase Warrant is being exercised;
	 	A	=	The fair market value of one Share which is equal to $_____; and
	 	B	=	The Exercise Price which is equal to $______ per share

 

The undersigned agrees and acknowledges
that the calculation set forth above is subject to confirmation by the Company and any disagreement with respect to the calculation
shall be resolved by the Company in its sole discretion.

 

Please issue the Shares as to which this
Purchase Warrant is exercised in accordance with the instructions given below and, if applicable, a new Purchase Warrant representing
the number of Shares for which this Purchase Warrant has not been converted.

 

Signature

 

Signature
Guaranteed

 

    11

     

    

 

INSTRUCTIONS FOR REGISTRATION
OF SECURITIES

 

Name:

(Print in Block Letters)

Address:

 

NOTICE: The signature to this form must
correspond with the name as written upon the face of the Purchase Warrant without alteration or enlargement or any change whatsoever,
and must be guaranteed by a bank, other than a savings bank, or by a trust company or by a firm having membership on a registered
national securities exchange.

 

    12

     

    

 

EXHIBIT B

 

Form to be used to assign Purchase Warrant: ASSIGNMENT

 

(To be executed by the registered Holder to effect a transfer
of the within Purchase Warrant):

 

FOR VALUE RECEIVED,                                                      does
hereby sell, assign and transfer unto the right to purchase shares of Imperial Garden & Resort, Inc., a British Virgin Islands
company (the “Company”), evidenced by the Purchase Warrant and does hereby authorize the Company to transfer
such right on the books of the Company.

 

Dated:           ,
20__

 

Signature

 

Signature Guaranteed

 

NOTICE:
The signature to this form must correspond with the name as written upon the face of the within Purchase Warrant without alteration
or enlargement or any change whatsoever, and must be guaranteed by a bank, other than a savings bank, or by a trust company or
by a firm having membership on a registered national securities exchange.

 

    13Exhibit 10.21

 

Required
account opening documentation. The Issuer shall provide the Escrow Agent with the following documents:

 

		-	The Articles of Incorporation of the Issuer

		-	By Laws of the Issuer

		-	W-9 or W-8 completed by the Issuer

		-	Copy of a valid Passport, U.S. Driver’s License and W-9 or W-8 each person executing the
Escrow Agreement.

		-	Incumbency Certificate of the Issuer’s Corporate Secretary listing each authorized signor
and specimen signatures. 

 

 

ESCROW AGREEMENT (PUBLIC OFFERING)

 

	 	Page 1.

 

AGREEMENT made
thisday of September 2017 by and among Imperial Garden & Resort, Inc. (the "Issuer") and the Placement
Agent whose names and addresses appear on the Information Sheet (as defined herein) attached to this Agreement and
Continental Stock Transfer & Trust Company, 17 Battery Place, 8the Floor, New York, New York 10004. (The “Escrow
Agent”).

 

W I T N E S S E T H:

 

WHEREAS, the Issuer has filed with
the Securities and Exchange Commission (the "Commission") a Registration Statement (the "Registration Statement")
covering a proposed public offering of its securities as described on the Information Sheet;

 

WHEREAS, the Placement Agent proposes
to offer the Securities, as agent for the Issuer, for sale to the public on a "best efforts, all or none" basis with
respect to the Minimum Securities Amount and Minimum Dollar Amount and at the price per share or other unit all as set forth, on
the Information Sheet;

 

WHEREAS the Issuer and the Placement
Agent propose to establish an Escrow Account (the "Escrow Account"), to which subscription monies which are received
by the Escrow Agent from the Placement Agent in connection with such public offering are to be credited, and the Escrow Agent is
willing to establish the Escrow Account and the terms are subject to the conditions hereinafter set forth; and

 

WHEREAS, the Escrow Agent has an
agreement with JP Morgan Chase to establish a special Bank Account (the "Bank Account") into which the subscription monies,
which are received by the Escrow Agent from the Placement Agent and credited to the Escrow Account, are to be deposited;

 

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

 

1. Information Sheet.
Each capitalized term not otherwise defined in this Agreement shall have the meaning set forth for such term on the information
sheet which is attached to this Agreement and is incorporated by reference herein and made a pact hereof (the "Information
Sheet").

 

2. Establishment of the Bank Account.

 

2.1 The Escrow Agent shall establish a
non-interest bank account at the branch of JP Morgan Chase selected by the Escrow Agent, and bearing the designation set forth
on the Information Sheet (heretofore defined as the "Escrow Account"). The purpose of the Bank Account is for (a) the
deposit of all subscription monies (checks, or wire transfers) which are received by the Placement Agent from prospective purchasers
of the Securities and are delivered by the Placement Agent to the Escrow Agent, (b) the holding of amounts of subscription monies
which are collected through the banking system, and (c) the disbursement of collected funds, all as described herein.

 

     

     
	 	Page 2.

    

 

2.2 On or before the date of the initial
deposit in the Bank Account pursuant to this Agreement, “The Placement Agent shall notify the Escrow Agent in writing of
the Effective Date of the Registration Statement (the "Effective Date"), and the Escrow Agent shall not be required to
accept any amounts for credit to the Escrow Account or for deposit in the Bank Account prior to its receipt of such notification.

 

2.3 The Offering Period, which shall be
deemed to commence on the Effective Date, shall consist of the number of calendar days or business days set forth on the Information
Sheet. The Offering Period shall be extended by an Extension Period only if the Escrow Agent shall have received written notice
thereof at least five (5) business days prior to the expiration of the offering Period. The Extension Period, which shall be deemed
to commence on the next calendar day following the expiration of the offering Period, shall consist of the number of calendar days
or business days set forth on the Information Sheet. The last day of the Offering Period, or the last day of the Extension Period
(if the Escrow Agent has received written notice thereof as hereinabove provided), is referred to herein as the "Termination
Date”. Except as provided in Section 4.3 hereof, after the Termination Date the Placement Agent shall not deposit, and the
Escrow Agent shall not accept, any additional amounts representing payments by prospective purchasers.

 

3. Deposits to the Bank Account.

 

3.1 The
Placement Agent shall promptly deliver to the Escrow Agent all monies which it receives from prospective purchasers of the Securities,
which monies shall be in the form of checks or wire transfers, provided however that "Cashiers" checks and "Money
Orders" must be in amounts greater than $10,000; Cashiers checks or Money Orders in amounts less than $10,000 shall be rejected
by the Escrow Agent. Upon the Escrow Agent’s receipt of such monies, they shall be credited to the Escrow Account. All checks
delivered to the Escrow Agent shall be made payable to “CST&TImperial Garden & Resort Escrow Account.” Any
check payable other than to the Escrow Agent as required hereby shall be returned to the prospective purchaser, or if the Escrow
Agent has insufficient information to do so, then to the Placement Agent (together with any Subscription Information, as defined
below or other documents delivered therewith) by noon of the next business day following receipt of such check by the Escrow Agent,
and such check shall be deemed not to have been delivered to the Escrow Agent pursuant to the terms of this Agreement.

 

3.2 Promptly
after receiving subscription monies as described in Section 3.1, the Escrow Agent shall deposit the same into the Bank Account.
Amounts of monies so deposited are hereinafter referred to as “Escrow Amounts”. The Escrow Agent shall cause
the Bank to process all Escrow Amounts for collection through the banking system. Simultaneously with each deposit to the Escrow
Account, the Placement Agent (or the Issuer, if such deposit is made by the Issuer) shall inform the Escrow Agent in writing of
the name, address, and the tax identification number of the purchaser, the amount of Securities subscribed for by such purchase,
and the aggregate dollar amount of such subscription (collectively, the “Subscription Information”).

 

3.3 The
Escrow Agent shall not be required to accept for credit to the Escrow Account or for deposit into the Bank Account checks which
are not accompanied by the appropriate Subscription Information, which at minimum shall include the name address, tax identification
number and the number of shares/units. Wire transfers representing payments by prospective purchasers shall not be deemed deposited
in the Escrow Account until the Escrow Agent has received in writing the Subscription Information required with respect to such
payments.

 

3.4 The Escrow Agent shall not be required
to accept in the Escrow Account any amounts representing payments by prospective purchasers, whether by check or wire, except during
the Escrow Agent's regular business hours.

 

3.5 Only those Escrow Amounts, which have
been deposited in the Bank Account and which have cleared the banking system and have been collected by the Escrow Agent, are herein
referred to as the "Fund".

 

3.6 If the proposed offering is terminated
before the Termination Date, the Escrow Agent shall refund any portion of the Fund prior to disbursement of the Fund in accordance
with Article 4 hereof upon instructions in writing signed by both the Issuer and the Placement Agent.

 

     

     
	 	Page 3.

    

 

4. Disbursement from the Bank Account.

 

4.1 Subject to Section 4.3 below, if by
the close of regular banking hours on the Termination Date the Escrow Agent determines that the amount in the Fund is less than
the Minimum Dollar Amount or the Minimum Securities Amount, as indicated by the Subscription information submitted to the Escrow
Agent, then in either such case, the Escrow Agent shall promptly refund to each prospective purchaser the amount of payment received
from such purchaser which is then held in the Fund or which thereafter clears the banking system, without interest thereon or
deduction therefrom, by drawing checks on the Bank Account for the amounts of such payments and transmitting them to the purchasers.
In such event, the Escrow Agent shall promptly notify the Issuer and the Placement Agent of its distribution of the Fund.

 

4.2 Subject to Section 4.3 below, if at
any time up to the close of regular banking hours on the Termination Date, the Escrow Agent determines that the amount in the
Fund is at least equal to the Minimum Dollar Amount and represents the sale of not less than the Minimum Securities Amount, the
Escrow Agent shall promptly notify the Issuer and the Placement Agent of such fact in writing. The Escrow Agent shall promptly
disburse the Fund, by drawing checks on the Bank Account in accordance with instructions in writing signed by both the Issuer
and the Placement Agent as to the disbursement of the Fund, promptly after it receives such instructions.

 

4.3 [This provision applies only if a Collection
Period has been provided for by the appropriate indication on the Information Sheet.] If the Escrow Agent or the Placement Agent
has on hand at the close of business on the Termination Date any uncollected amounts which when added to the Fund would raise the
amount in the Fund to the Minimum Dollar Amount, and result in the Fund represent the sale of the Minimum Securities Amount, the
Collection Period (consisting of the number of business days set forth on the Information Sheet) shall be utilized to allow such
uncollected amounts to clear the banking system. During the Collection Period, the Placement Agent (and the Issuer) shall not deposit
and the Escrow Agent shall not accept, any additional amounts; provided, however, that such amounts as were received by the Placement
Agent (or the Issuer) by the close of business on the Termination Date may be deposited with the Escrow Agent by noon of the next
business day following the Termination Date. If, at the close of business on the last day of the Collection Period, an amount sufficient
to raise the amount in the Fund to the Minimum Dollar Amount and which would result in the Fund representing the sale of the Minimum
Securities Amount shall not have cleared the banking system, the Escrow Agent shall promptly notify the Issuer and the Placement
Agent in writing of such fact and shall promptly return all amounts then in the Fund, and any amounts which thereafter clear the
banking system to the prospective purchasers as provided in Section 4.2 hereof.

 

4.4 Upon disbursement of the Fund pursuant
to the terms of this Article 4, the Escrow Agent shall be relieved of all further obligations and released from all liability
under this Agreement. It is expressly agreed and understood that in no event shall the aggregate amount of payments made by the
Escrow Agent exceed the amount of the Fund.

 

5. Rights, Duties and Responsibilities
of Escrow Agent. It is understood and agreed that the duties of the Escrow Agent are purely ministerial in nature, and that:

 

5.1 The Escrow Agent shall notify the Placement
Agent, on a daily basis, of the Escrow Amounts which have been deposited in the Bank Account and of the amounts, constituting the
Fund, which have cleared the banking system and have been collected by the Escrow Agent.

 

5.2 The Escrow Agent shall not be responsible
for or be required to enforce any of the terms or conditions of the selling agency agreement or any other agreement between the
Placement Agent and the Issuer nor shall the Escrow Agent be responsible for the performance by the Placement Agent or the Issuer
of their respective obligations under this Agreement.

 

5.3 The Escrow Agent shall not be required
to accept from the Placement Agent (or the Issuer) any Subscription Information pertaining to prospective purchasers unless such
Subscription Information is accompanied by checks, or wire transfers meeting the requirements of Section 3.1, nor shall the Escrow
Agent be required to keep records of any information with respect to payments deposited by the Placement Agent (or the Issuer)
except as to the amount of such payments; however, the Escrow Agent shall notify the Placement Agent within a reasonable time of
any discrepancy between the amount set forth in any Subscription Information and the amount delivered to the Escrow Agent therewith.
Such amount need not be accepted for deposit in the Escrow Account until such discrepancy has been resolved.

 

     

     
	 	Page 4.

    

 

5.4 The Escrow Agent shall be under no
duty or responsibility to enforce collection of any check delivered to it hereunder. The Escrow Agent, within a reasonable time,
shall return to the Placement Agent any check received which is dishonored, together with the Subscription Information, if any,
which accompanied such check.

 

5.5 The Escrow Agent shall be entitled
to rely upon the accuracy, act in reliance upon the contents, and assume the genuineness of any notice, instruction, certificate,
signature, instrument or other document which is given to the Escrow Agent pursuant to this Agreement without the necessity
of the Escrow Agent verifying the truth or accuracy thereof. The Escrow Agent shall not be obligated to make any inquiry as to
the authority, capacity, existence or identity or any person purporting to give any such notice or instructions or to execute any
such certificate, instrument or other document.

 

5.6 If the Escrow Agent is uncertain
as to its duties or rights hereunder or shall receive instructions with respect to the Bank Account, the Escrow Amounts or
the Fund which, in its sole determination, are in conflict either with other, instructions received by it or with any
provision of this Agreement, it shall be entitled to hold the Escrow Amounts, the Fund, or a portion thereof, in the Bank
Account pending the resolution of such uncertainty to the Escrow Agent's sole satisfaction, by final judgment of a court or
courts of competent jurisdiction or otherwise; or the Escrow Agent, at its sole option, may deposit the Fund (and any other
Escrow Amounts that thereafter become part of the Fund) with the Clerk of a court of competent jurisdiction in a proceeding
to which all parties in interest are joined. Upon the deposit by the Escrow Agent of the Fund with the Clerk of any court,
the Escrow Agent shall be relieved of all further obligations and released from all liability hereunder.

 

5.7 The Escrow Agent shall not be liable
for any action taken or omitted hereunder, or for the misconduct of any employee, agent or attorney appointed by it, except in
the case of willful misconduct or gross negligence. The Escrow Agent shall be entitled to consult with counsel of its own choosing
and shall not be liable for any action taken, suffered or omitted by it in accordance with the advice of such counsel.

 

5.8 The Escrow Agent shall have no responsibility
at any time to ascertain whether or not any security interest exists in the Escrow Amounts, the Fund or any part thereof or to
file any statement under the Uniform Commercial Code with respect to the Fund or any part thereof.

 

6. Amendment; Resignation. This
Agreement may be altered or amended only with the written consent of the Issuer, the Placement Agent and the Escrow Agent. The
Escrow Agent may resign for any reason upon three (3) business days' written notice to the Issuer and the Placement Agent. Should
the Escrow Agent resign as herein provided, it shall not be required to accept any deposit, make any disbursement or otherwise
dispose of the Escrow Amounts or the Fund, but its only duty shall be to hold the Escrow Amounts until they clear the banking system
and the Fund for a period of not more than five (5) business days following the effective date of such resignation, at which time
(a) if a successor escrow agent shall have been appointed and written notice thereof (including the name and address of such successor
escrow agent) shall have been given to the resigning Escrow Agent by the Issuer, the Placement Agent and such successor escrow
agent, then the resigning Escrow Agent shall pay over to the successor escrow agent the Fund, less any portion thereof previously
paid out in accordance with this Agreement; or (b) if the resigning Escrow Agent shall not have received written notice signed
by the Issuer, the Placement Agent and a successor escrow agent, then the resigning Escrow Agent shall promptly refund the amount
in the Fund to each prospective purchaser without interest thereon or deduction therefrom, and the resigning Escrow Agent shall
promptly notify the Issuer and the Placement Agent in writing of its liquidation and distribution of the Fund; whereupon, in either
case, the Escrow Agent shall be relieved of all further obligations and released from all liability under this Agreement. Without
limiting the provisions of Section 8 hereof, the resigning Escrow Agent shall be entitled to be reimbursed by the Issuer and the
Placement Agent for any expenses incurred in connection with its resignation, transfer of the Fund to a successor escrow agent
or distribution of the Fund pursuant to this Section 6.

 

7. Representations and Warranties.
The issuer and the Placement Agent hereby jointly and severally represent and warrant to the Escrow Agent that:

 

7.1 No party other than the parties hereto
and the prospective purchasers have, or shall have, any lien, claim or security interest in the Escrow Amounts or the Fund or any
part thereof.

 

7.2 No financing statement under the Uniform
Commercial Code is on file in any jurisdiction claiming a security interest in or describing (whether specifically or Generally)
the Escrow Amounts or the Fund or any part thereof.

  

7.3 The Subscription information submitted
with each deposit shall, at the time of submission and at the time of disbursement of the Fund, be deemed a representation and
warranty that such deposit represents a bona fide payment by the purchaser described therein for the amount of securities in such
described as Subscription Information.

 

     

     
	 	Page 5.

    

 

7.4 All of the information contained in
the Information Sheet is, as of the date hereof, and will be, at the time of any disbursement of the Fund, true and correct.

 

7.5 Reasonable controls have been established
and required due diligence performed to comply with “Know Your Customer” regulations, USA Patriot Act, Office of the
Foreign Asset Control (OFAC) regulations and the Bank Secrecy Act.

 

8. Fees and Expenses. The Escrow
Agent shall be entitled to the Escrow Agent Fees set forth on the Information Sheet, payable as and when stated therein. In addition,
the Issuer and the Placement Agent jointly and severally agree to reimburse the Escrow Agent for any reasonable expenses incurred
in connection with this Agreement, including, but not limited to, reasonable counsel fees. Upon receipt of the Minimum Dollar
Amount, the Escrow Agent shall have a lien upon the Fund to the extent of its fees for services as Escrow Agent.

 

9. Indemnification and Contribution.

 

9.1 The Issuer and the Placement Agent
(collectively referred to as the "Indemnitors") jointly and severally agree to indemnify the Escrow Agent and its officers,
directors, employees, agents and shareholders (collectively referred to as the " Indemnitees") against, and hold them
harmless of and from, any and all loss, liability, cost, damage and expense, including without limitation, reasonable counsel fees,
which the Indemnitees may suffer or incur by reason of any action, claim or proceeding brought against the Indemnitees arising
out of or relating in any way to this Agreement or any transaction to which this Agreement relates, unless such action, claim or
proceeding is the result of the willful misconduct or gross negligence of the Indemnitees.

 

9.2 If the indemnification provided for
in Section 9.1 is applicable, but for any reason is held to be unavailable, the Indemnitors shall contribute such amounts as are
just and equitable to pay, or to reimburse the Indemnitees for, the aggregate of any and all losses, liabilities, costs, damages
and expenses, including counsel fees, actually incurred by the Indemnitees as a result of or in connection with, and any amount
paid in settlement of, any action, claim or proceeding arising out of or relating in any way to any actions or omissions of the
Indemnitors.

 

9.3 The provisions of this Article 9 shall
survive any termination of this Agreement, whether by disbursement of the Fund, resignation of the Escrow Agent or otherwise.

 

10. Governing Law and Assignment.
This Agreement shall be construed in accordance with and governed by the laws of the State of New York and shall be binding upon
the parties hereto and their respective successors and assigns; provided, however, that any assignment or transfer by any party
of its rights under this Agreement or with respect to the Escrow Amounts or the Fund shall be void as against the Escrow Agent
unless (a) written notice thereof shall be given to the Escrow Agent; and (b) the Escrow Agent shall have consented in writing
to such assignment or transfer.

 

11. Notices. All notices required
to be given in connection with this Agreement shall be sent by registered or certified mail, return receipt requested, or by hand
delivery with receipt acknowledged, or by the Express Mail service offered by the United States Post Office, and addressed, if
to the Issuer or the Placement Agent, at their respective addresses set forth on the Information Sheet, and if to the Escrow Agent,
at its address set forth above, to the attention of the Trust Department.

 

12. Severability. If any provision
of this Agreement or the application thereof to any person or circumstance shall be determined to be invalid or unenforceable,
the remaining provisions of this Agreement or the application of such provision to persons or circumstances other than those to
which it is held invalid or unenforceable shall not be affected thereby and shall be valid and enforceable to the fullest extent
permitted by law.

 

13. Execution in Several Counterparts.
This Agreement may be executed in several counterparts or by separate instruments, and all of such counterparts and instruments
shall constitute one agreement, binding on all of the parties hereto.

 

14. Entire Agreement. This Agreement
constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and supersedes all prior
agreements and understandings (written or oral) of the parties in connection therewith.

 

     

     

    

 

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

 

	THE ISSUER	 	CONTINENTAL STOCK TRANSFER & TRUST COMPANY
	Imperial Garden & Resort, Inc.	 	 	 	 
	 	 	 	 	 	 
	By:	 	 	By: 	 	 
	 	Name: Fun-Ming Lo	 	 	Name:	 
	 	Title: Chairman	 	 	Title:	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	THE UNDERWRITER

                    Network 1 Financial Securities, Inc.

	 	 	 	 
	 	 	 	 	 	 
	By: 		 	 	 	 
	 	Name: Jian (Steven) Sun	 	 	 	 
	 	Titie: Executive Director	 	 	 	 

 

     

     

    

 

EXHIBIT A

 

ESCROW AGREEMENT INFORMATION SHEET

 

		1.	The Issuer

Name: Imperial Garden & Resort, Inc.

Address: 106 Zhouzi Street, 4th Floor, 4E

Neihu District, Taipei, Taiwan (Republic
of China) 11493

 

Tax Identification Number: ___________________

 

		2.	The Placement Agent

Name: Network 1 Financial Securities, Inc.

Address: 2 Bridge Avenue, Suite 241

Red Bank, NJ 07701

 

		3.	The Securities

Description of the Securities to be offered:
Up to 10,000,000 ordinary shares of Issuer’s 

 

		4.	Minimum Amounts and Conditions Required for Disbursement
of the Escrow Account

Aggregate dollar amount which must be collected
before the Escrow Account may be disbursed to the Issuer: $15,000,000

 

		5.	Plan of Distribution of the Securities

Initial Offering Period: Through 120 days
after the effectiveness of the Registration Statement or an earlier Closing when the Minimum Dollar Amount is raised

 

Extension Period, if any: At Discretion
of Company

 

		6.	Title of Escrow Account

“CST&T
AAF Imperial Garden & Resort”

 

		7.	Escrow Agent Fees and Charges

$2,750: $1250.00 payable at signing
of the Escrow Agreement, plus $1,500.00 prior to the Closing. (Note: $250.00 online "view only" access to the bank
account is included). A fee of $500 will be payable for document review services related to each amendment to the Escrow Agreement.
In addition, the Escrow Agent shall be paid a fee of $500.00 for each additional closing. Should the Escrow Agent continue for
more than one year, the Escrow Agent shall receive a fee of $600.00 per month, or any portion thereof, payable in advance or the
first business day of the month.

 

 

Distribution charges:

$10.00 per check

$50.00 per wire

$100.00 per check returned (NSF) check

$100.00 lost check replacement fee

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00275-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00275-of-00352.parquet"}]]