Document:

Exhibit 10.3

 

July 24, 2019

 

Fellazo Inc.

568 Jinshan West Road

Yong Kang City, Zhejiang Province, China
321300

Att: Nicholas Ting Lun Wong, Chief Executive
Officer

 

Maxim Group LLC

405 Lexington Avenue

New York, NY 10174

Att: Clifford Teller, Executive Managing
Director

 

	 	Re:	Initial Public Offering

 

Gentlemen:

 

This letter is being delivered to you in
accordance with the Underwriting Agreement (the “Underwriting Agreement”) entered into by and between
Fellazo Inc., a Cayman Islands exempted company (the “Company”), and Maxim Group LLC, as Representative
(the “Representative”) of the several Underwriters named in Schedule A thereto (the “Underwriters”),
relating to an underwritten initial public offering (the “IPO”) of the Company’s units (the “Units”),
each comprised of one ordinary share, par value $0.0001 per share, of the Company (the “Ordinary Shares”)
and one warrant (the “Warrant”) to purchase one-half of one Ordinary Share and one right to receive one-tenth
(1/10) of one Ordinary Share upon the consummation of the Company’s initial business combination (the “Right”).
Certain capitalized terms used herein are defined in paragraph 17 hereof.

 

In order to induce
the Company and the Underwriters to enter into the Underwriting Agreement and to proceed with the IPO, and in recognition of the
benefit that such IPO will confer upon the undersigned as a shareholder or officer or director of the Company, and for other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned hereby agrees with the
Company as follows:

 

1.  If
the Company solicits approval of its shareholders of a Business Combination (as defined below), the undersigned will vote all Ordinary
Shares beneficially owned by him, her or it, whether acquired before, in or after the IPO, or whether such Ordinary Shares are
underlying the Private Units, in favor of such Business Combination.

 

2.  (a)
In the event that the Company fails to consummate a Business Combination within the time period set forth in the Company’s
Amended and Restated Memorandum and Articles of Association, as the same may be amended from time to time, the undersigned shall
take all reasonable steps to (i) cause the Trust Fund to be liquidated and distributed to the holders of IPO Shares and (ii) cause
the Company to liquidate as soon as reasonably practicable.

 

(b) The undersigned
hereby waives any and all right, title, interest or claim of any kind (“Claim”) in, or, with respect
to his, her or its Insider Shares or Private Units, to any distribution of, the Trust Fund. The undersigned hereby waives any Claim
the undersigned may have in the future as a result of, or arising out of, any contracts or agreements with the Company and will
not seek recourse against the Trust Fund for any reason whatsoever. The undersigned acknowledges and agrees that there will be
no distribution from the Trust Fund with respect to any Warrants, which will terminate on the Company’s liquidation.

 

(c) In the event of
the liquidation of the Trust Fund, Swipy Ltd. (“Sponsor”) agrees to indemnify and hold harmless the Company
against any and all loss, liability, claims, damage and expense whatsoever (including, but not limited to, any and all legal or
other expenses reasonably incurred in investigating, preparing or defending against any litigation, whether pending or threatened,
or any claim whatsoever) which the Company may become subject as a result of any claim by any vendor or other person who is owed
money by the Company for services rendered or products sold to or contracted for the Company, or by any target business with which
the Company has discussed entering into a transaction agreement, but only to the extent necessary to ensure that such loss, liability,
claim, damage or expense does not reduce the amount of funds in the Trust Fund to below $10.00 per IPO Share; provided that
such indemnity shall not apply if such vendor or other person executes a waiver of any and all rights to seek access to the Trust
Account and except as to claims under the Company’s indemnity of the underwriters of the IPO against certain liabilities.

 

     

     

    

 

3.  (a)
The Sponsor agrees that it shall not Transfer any Insider Shares until the earlier of (i) one (1) year after the date of the consummation
of the Business Combination; (ii) the date on which the closing price of the Ordinary Shares equals or exceeds $12.00 per share
(as adjusted for stock splits, stock dividends, reorganizations and recapitalizations) for any 20 trading days within any 30-trading
day period commencing after the Business Combination; and (iii) following the Business Combination, on the date the Company consummates
a subsequent liquidation, merger, stock exchange or other similar transaction which results in all of the Company’s shareholders
having the right to exchange their Ordinary Shares for cash, securities or other property.

 

(b) The Sponsor agrees that it shall not
effectuate any Transfer of securities issued or issuable upon the exercise of the Private Units or their underlying securities
until the completion of the Business Combination.

 

(c) Notwithstanding the provisions set
forth in paragraphs 3(a) and (b), Transfers of the Insider Shares, securities issued or issuable upon the exercise of the Private
Units or their underlying securities, and that are held by the Sponsor, any Insider or any of their transferees (that have complied
with this paragraph 3(c)), are permitted: (1) to any persons (including their affiliates and shareholders) participating in the
private placement of the Private Units, officers, directors, shareholders, employees and members of the Sponsor and its affiliates,
(2) amongst insiders or to the Company’s officers, directors and employees, (3) if a holder is an entity, as a distribution
to its, partners, shareholders or members upon its liquidation, (4) by bona fide gift to a member of the holder’s immediate
family or to a trust, the beneficiary of which is a holder or a member of a holder’s immediate family, for estate planning
purposes, (5) by virtue of the laws of descent and distribution upon death, (6) pursuant to a qualified domestic relations order,
(7) by certain pledges to secure obligations incurred in connection with purchases of the Company’s securities, (8) by private
sales at prices no greater than the price at which the applicable securities were originally purchased or (9) to the Company for
no value for cancellation in connection with the consummation of the Business Combination, in each case (except for clause 9) where
the transferee agrees to the terms of this letter agreement and by the same agreements entered into by the Sponsor with respect
to such securities.

 

4.  [Intentionally
Omitted].

 

5.  In
order to minimize potential conflicts of interest which may arise from multiple affiliations, the undersigned directors and officers
of the Company agree to present to the Company for its consideration, prior to presentation to any other person or entity, any
suitable opportunity to acquire a target business, until the earlier of the consummation by the Company of a Business Combination
or the liquidation of the Company, subject to any pre-existing fiduciary and contractual obligations the undersigned directors
and officers might have.

 

6.  The
undersigned acknowledges and agrees that prior to entering into a Business Combination with a target business that is affiliated
with any Insiders of the Company or their affiliates, such transaction must be approved by a majority of the Company’s disinterested
independent directors and the Company must obtain an opinion from an independent investment banking firm or independent accounting
firm that such Business Combination is fair to the Company’s unaffiliated shareholders from a financial point of view.

 

7.  Neither
the undersigned, any member of the family of the undersigned, nor any affiliate of the undersigned will be entitled to receive
and will not accept any compensation or other cash payment for services rendered prior to, or in order to effectuate, the consummation
of the Business Combination; provided that the Company shall be allowed to (i) repay working capital loans made
by the undersigned or its affiliates to the Company in cash upon consummation of the Business Combination or, at the undersigned’s
discretion, with respect to up to an aggregate of $1,500,000 of working capital loans from all lenders, by converting such loans
into Private Units at a price of $10.00 per Private Unit, as more fully described in the Registration Statement, (ii) repay non-interest
bearing advances in an aggregate amount of $125,000 made to the Company by the Sponsor to cover the IPO expenses, (iii) pay $10,000
per month to an affiliate of a member of the Sponsor for office space and related services, and (iv) reimburse the undersigned
and any affiliate of the undersigned for their out-of-pocket expenses incurred in connection with identifying, investigating and
consummating a Business Combination.

 

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8.  Neither
any undersigned officer or director, any member of the family of any undersigned officer or director, nor any affiliate of any
undersigned officer or director will be entitled to receive or accept a finder’s fee or any other compensation in the event
any undersigned officer or director, any member of the family of any undersigned officer or director or any affiliate of any undersigned
officer or director originates a Business Combination.

 

9.  The
undersigned officers and directors agree to be the officers and directors of the Company until the earlier of the consummation
by the Company of a Business Combination, the liquidation of the Company or such officer or director is officially replaced by
the Company’s board of directors. The undersigned officers’ and directors’ biographical information previously
furnished to the Company and the Representative is true and accurate in all material respects, does not omit any material information
with respect to the officers’ and directors’ biography and contains all of the information required to be disclosed
pursuant to Item 401 of Regulation S-K, promulgated under the Securities Act of 1933, as amended (the “Securities Act”).
Each of the undersigned officers’ and directors’ FINRA Questionnaire previously furnished to the Company and the Representative
is true and accurate in all material respects.

 

10. Each
of the undersigned represents and warrants that:

 

(a)He, she or it has never had
a petition under the federal bankruptcy laws or any state or foreign insolvency law been filed by or against (i) him, her or it,
or any partnership in which he, she or it was a general partner at or within two years before the time of filing; or (ii) (to the
extent the undersigned is an individual) any corporation or business association of which he or she was an executive officer at
or within two years before the time of such filing;

 

(b) He, she or it has never had a receiver,
fiscal agent or similar officer been appointed by a court for his or her business or property, or any such partnership;

 

(c) He, she, or
it has never been convicted of fraud in a civil or criminal proceeding;

 

(d) He, she, or
it has never been convicted in a criminal proceeding or named the subject of a pending criminal proceeding (excluding traffic violations
and minor offenses);

 

(e) He, she, or
it has never been the subject of any order, judgment or decree, not subsequently reversed, suspended or vacated, of any court of
competent jurisdiction, permanently or temporarily enjoining or otherwise limiting him from (i) acting as a futures commission
merchant, introducing broker, commodity trading advisor, commodity pool operator, floor broker, leverage transaction merchant,
any other person regulated by the Commodity Futures Trading Commission (“CFTC”) or an associated person of any of the
foregoing, or as an investment adviser, underwriter, broker or dealer in securities, or as an affiliated person, director or employee
of any investment company, bank, savings and loan association or insurance company, or from engaging in or continuing any conduct
or practice in connection with any such activity; or (ii) engaging in any type of business practice; or (iii) engaging in any activity
in connection with the purchase or sale of any security or commodity or in connection with any violation of federal or state securities
or federal commodities laws;

 

(f) He, she, or
it has never been the subject of any order, judgment or decree, not subsequently reversed, suspended or vacated, of any federal
or state authority barring, suspending or otherwise limiting for more than 60 days his, her or its right to engage in any activity
described in 8(e)(i) above, or to be associated with persons engaged in any such activity;

 

(g) He, she or
it has never been found by a court of competent jurisdiction in a civil action or by the SEC to have violated any federal, state,
or foreign securities law, where the judgment in such civil action or finding by the SEC has not been subsequently reversed, suspended
or vacated;

 

(h) He, she or
it has never been found by a court of competent jurisdiction in a civil action or by the CFTC to have violated any federal commodities
law, where the judgment in such civil action or finding by the CFTC has not been subsequently reversed, suspended or vacated;

 

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(i) He, she or
it has never been the subject of, or a party to, any federal, state, or foreign judicial or administrative order, judgment, decree
or finding, not subsequently reversed, suspended or vacated, relating to an alleged violation of (i) any federal ,state or foreign
securities or commodities law or regulation, (ii) any law or regulation respecting financial institutions or insurance companies
including, but not limited to, a temporary or permanent injunction, order of disgorgement or restitution, civil money penalty or
temporary or permanent cease-and desist order, or removal or prohibition order or (iii) any law or regulation prohibiting mail
or wire fraud or fraud in connection with any business entity;

 

(j) He, she or
it has never been the subject of, or party to, any sanction or order, not subsequently reversed, suspended or vacated, or any self-regulatory
organization, any registered entity, or any equivalent exchange, association, entity or organization that has disciplinary authority
over its members or persons associated with a member;

 

(k) He, she or
it has never been convicted of any felony or misdemeanor: (i) in connection with the purchase or sale of any security; (ii) involving
the making of any false filing with the SEC; or (iii) arising out of the conduct of the business of an underwriter, broker, dealer,
municipal securities dealer, investment advisor or paid solicitor of purchasers of securities;

 

(l) He, she or
it was never subject to a final order of a state or foreign securities commission (or an agency of officer of a state performing
like functions); a state or foreign authority that supervises or examines banks, savings associations, or credit unions; a state
or foreign insurance commission (or an agency or officer of a state performing like functions); an appropriate federal or foreign
banking agency; the Commodity Futures Trading Commission; or the National Credit Union Administration that is based on a violation
of any law or regulation that prohibits fraudulent, manipulative, or deceptive conduct;

 

(m) He, she or
it has never been subject to any order, judgment or decree of any court of competent jurisdiction, that, at the time of such sale,
restrained or enjoined him from engaging or continuing to engage in any conduct or practice: (i) in connection with the purchase
or sale of any security; (ii) involving the making of any false filing with the SEC or any foreign regulatory agency with similar
functions; or (iii) arising out of the conduct of the business of an underwriter, broker, dealer, municipal securities dealer,
investment adviser or paid solicitor of purchasers of securities;

 

(n) He, she or
it has never been subject to any order of the SEC or any foreign regulatory agency with similar functions that orders him to cease
and desist from committing or causing a future violation of: (i) any scienter-based anti-fraud provision of the foreign or federal
securities laws, including, but not limited to, Section 17(a)(1) of the Securities Act, Section 10(b) of the Securities Exchange
Act of 1934, as amended (the “Exchange Act”), and Rule 10b-5 thereunder, and Section 206(1) of the Investment Advisers
Act of 1940, as amended (the “Advisers Act”), or any other rule or regulation thereunder; or (ii) Section 5 of the
Securities Act;

 

(o) He, she or
it has never been named as an underwriter in any registration statement or Regulation A offering statement filed with the SEC that
was the subject of a refusal order, stop order, or order suspending the Regulation A exemption, or is, currently, the subject of
an investigation or proceeding to determine whether a stop order or suspension order should be issued;

 

(p) He, she or
it has never been subject to a United States Postal Service false representation order, or is currently subject to a temporary
restraining order or preliminary injunction with respect to conduct alleged by the United States Postal Service to constitute a
scheme or device for obtaining money or property through the mail by means of false representations;

 

(q) He, she or
it is not subject to a final order of a state securities commission (or an agency of officer of a state performing like functions);
a state authority that supervises or examines banks, savings associations, or credit unions; a state insurance commission (or an
agency or officer of a state performing like functions); an appropriate federal banking agency; the Commodity Futures Trading Commission;
or the National Credit Union Administration that bars the undersigned from: (i) association with an entity regulated by such commission,
authority, agency or officer; (ii) engaging in the business of securities, insurance or banking; or (iii) engaging in savings association
or credit union activities;

 

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(r)He, she
or it is not subject to an order of the SEC entered pursuant to section 15(b) or 15B(c) of the Exchange Act or section 203(e) or
203(f) of the Advisers Act that: (i) suspends or revokes the undersigned’s registration as a broker, dealer, municipal securities
dealer or investment adviser; (ii) places limitations on the activities, functions or operations of, or imposes civil money penalties
on, such person; or (iii) bars the undersigned from being associated with any entity or from participating in the offering of any
penny stock; and

 

(s) He, she or
it has never been suspended or expelled from membership in, or suspended or barred from association with a member of, a securities
self-regulatory organization (e.g., a registered national securities exchange or a registered national or affiliated securities
association) for any act or omission to act constituting conduct inconsistent with just and equitable principles of trade.

 

 

11.  The
undersigned has full right and power, without violating any agreement by which he, she or it is bound, to enter into this letter
agreement and to hold the position/title in the Company indicated in the Registration Statement (if applicable).

 

12. The
undersigned hereby waives his, her or its right to exercise redemption rights (in connection with a Business Combination) with
respect to any Ordinary Shares owned or to be owned by the undersigned directly or indirectly, whether purchased prior to the IPO,
in the IPO or in the aftermarket, or whether such Ordinary Shares are underlying the Private Units, and agrees that he, she or
it will not seek redemption with respect to or otherwise sell, such shares in connection with any vote to approve a Business Combination
with respect thereto.

 

13. The
undersigned hereby agrees to not propose an amendment to the Company’s Amended and Restated Memorandum and Articles of Association
with respect to the Company’s pre-Business Combination activities prior to the consummation of a Business Combination that
would affect the substance or timing of the Company’s obligation to redeem 100% of the IPO Shares if the Company does not
complete a Business Combination within the time period set forth in the Amended and Restated Memorandum and Articles of Association.

 

14.  In the event
that the Company does not consummate a Business Combination and must liquidate and its remaining net assets are insufficient to
complete such liquidation, the Sponsor agrees to advance such funds necessary to complete such liquidation and agrees not to seek
repayment for such expenses.

 

15.  Each
officer of the Company agrees not to become involved with another publicly listed blank check company with a class of securities
registered under the Exchange Act prior to us announcing an agreement to acquire our initial Business Combination, or the expiration
of the period for us to announce and/or complete our initial Business Combination.

 

16.  This
letter agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York, without
giving effect to conflicts of law principles that would result in the application of the substantive laws of another jurisdiction.
The undersigned hereby (i) agrees that any action, proceeding or claim against him arising out of or relating in any way to this
letter agreement (a “Proceeding”) shall be brought and enforced in the courts of the State of New York
of the United States of America for the Southern District of New York, and irrevocably submits to such jurisdiction, which jurisdiction
shall be exclusive, (ii) waives any objection to such exclusive jurisdiction and that such courts represent an inconvenient forum
and (iii) irrevocably agrees to appoint Ellenoff Grossman & Schole LLP as agent for the service of process in the State of
New York to receive, for the undersigned and on his behalf, service of process in any Proceeding.

 

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17. As used herein,
(i) a “Business Combination” shall mean a share exchange, share reconstruction and amalgamation with,
purchasing all or substantially all of the assets of, entering into contractual arrangements with, or any other similar business
combination with one or more businesses or entities; (ii) “Insiders” shall mean all officers, directors
and shareholders of the Company immediately prior to the IPO; (iii) “Insider Shares” shall mean all of
the Ordinary Shares of the Company acquired by an Insider prior to the IPO; (iv) “IPO Shares” shall mean
the Ordinary Shares issued in the Company’s IPO; (v) “Permitted Transferees” shall mean any transferee
that received securities of the Company upon a Transfer in compliance with Section 3(c) herein; (vi)“Private Units”
shall mean (x) the Units purchased in the private placement taking place simultaneously with the consummation of the Company’s
IPO and (y) additional Units that will be purchased in a private placement upon the full or partial exercise of the underwriters’
over-allotment option for the Company’s IPO; (vii) “Registration Statement” means the registration
statement on Form S-1 filed by the Company with respect to the IPO; (viii) “Transfer” shall mean
the (a) sale of, offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any option to purchase or otherwise
dispose of or agreement to dispose of, directly or indirectly, or establishment or increase of a put equivalent position or liquidation
with respect to or decrease of a call equivalent position within the meaning of Section 16 of the Exchange Act and the rules
and regulations of the Commission promulgated thereunder with respect to, any security, (b) entry into any swap or other arrangement
that transfers to another, in whole or in part, any of the economic consequences of ownership of any security, whether any such
transaction is to be settled by delivery of such securities, in cash or otherwise, or (c) public announcement of any intention
to effect any transaction specified in clause (a) or (b); and (ix) “Trust Fund” shall mean the trust
fund into which a portion of the net proceeds of the Company’s IPO will be deposited.

 

18.  Any
notice, consent or request to be given in connection with any of the terms or provisions of this letter agreement shall be in writing
and shall be sent by express mail or similar private courier service, by certified mail (return receipt requested), by hand delivery
or facsimile transmission.

 

19.  No
party hereto may assign either this letter agreement or any of its rights, interests, or obligations hereunder without the prior
written consent of the other party. Any purported assignment in violation of this paragraph shall be void and ineffectual and shall
not operate to transfer or assign any interest or title to the purported assignee. This letter agreement shall be binding on the
parties hereto and any successors and assigns thereof.

 

20.  The undersigned
acknowledges and understands that the Underwriters and the Company will rely upon the agreements, representations and warranties
set forth herein in proceeding with the IPO.

 

21.  This
letter agreement constitutes the entire agreement and understanding of the parties hereto in respect of the subject matter hereof
and supersedes all prior understandings, agreements, or representations by or among the parties hereto, written or oral, to the
extent they relate in any way to the subject matter hereof or the transactions contemplated hereby. This letter agreement may not
be changed, amended, modified or waived (other than to correct a typographical error) as to any particular provision, except by
a written instrument executed by the Company and each officer or director that is the subject of any such change, amendment modification
or waiver.

 

[signature page follows]

 

    6

     

    

 

 

	 	SWIPY LTD
	 	 	 
	 	By:	/s/ Nicholas Ting Lun Wong
	 	 	Name: Nicholas Ting Lun Wong
	 	 	Title:  Director
	 	 
	 	/s/ Anderson Toh Heng Hee
	 	Anderson Toh Heng Hee
	 	 
	 	/s/ Jonathan Peng Fei Chong
	 	Jonathan Peng Fei Chong
	 	 
	 	/s/ Nichloas Ting Lun Wong
	 	Nichloas Ting Lun Wong
	 	 
	 	/s/ Tiong Ming Tan
	 	Tiong Ming Tan 
	 	 
	 	/s/ Chin Yong Tan
	 	Chin Yong Tan
	 	 
	 	/s/ Lijun Yu
	 	Lijun Yu
	 	

         

        /s/ Ping Zhang

        Ping Zhang

 

Acknowledged and Agreed:

 

FELLAZO INC.

 

	By: 	/s/ Nicholas Ting Lun Wong	 
	 	Name: Nicholas Ting Lun Wong	 
	 	Title: Chief Executive Officer 

 

[Signature Page to the Insider Letter]

 

 

7Exhibit 10.4

 

FELLAZO INC.

568 Jinshan West Road

Yong Kang City, Zhejiang Province, China
321300

 

July 24, 2019

 

Swipy Ltd.

568 Jinshan West Road

Yong Kang City, Zhejiang Province, China
321300

Att: Nicholas Ting Lun Wong

 

Re: Administrative Support Agreement

 

Ladies and Gentlemen:

 

This letter agreement by and between Fellazo
Inc. (the “Company”), on the one hand, and Swipy Ltd (“Sponsor”) on the other hand, dated
as of the date hereof, will confirm our agreement that, commencing on the date the securities of the Company are first listed on
The Nasdaq Capital Market (the “Listing Date”), pursuant to a Registration Statement on Form S-1 and prospectus
filed with the U.S. Securities and Exchange Commission (the “Registration Statement”) and continuing until the
earlier of the consummation by the Company of an initial business combination or the Company’s liquidation (in each case
as described in the Registration Statement) (such earlier date hereinafter referred to as the “Termination Date”):

 

(i) The Sponsor shall make available, or
cause to be made available, to the Company, at Jinshan Building East, Unit 1903, 568 Jinshan West Road, Yong Kang City, Zhejiang
Province, China (or any successor location provided by the Sponsor), certain office space, administrative support, and employees
of the Sponsor as may be reasonably required by the Company from time to time, including in connection with due diligence and related
services in connection with the Company’s search for a target company. In exchange therefor, the Company shall pay Sponsor
the sum of $10,000 per month on the Listing Date and continuing monthly thereafter until the Termination Date; provided, that no
salaries or fees will be paid from this monthly amount to members of the Company’s management team; and

 

(ii) The Sponsor hereby irrevocably
waives any and all right, title, interest, causes of action and claims of any kind as a result of, or arising out of, this letter
agreement (each, a “Claim”) in or to, and any and all right to seek payment of any amounts due to it out of,
the trust account established for the benefit of the public stockholders of the Company and into which substantially all of the
proceeds of the Company’s initial public offering will be deposited (the “Trust Account”) as a result
of, or arising out of, this letter agreement, and hereby irrevocably waives any Claim it may have in the future, which Claim would
reduce, encumber or otherwise adversely affect the Trust Account or any monies or other assets in the Trust Account, and further
agrees not to seek recourse, reimbursement, payment or satisfaction of any Claim against the Trust Account or any monies or other
assets in the Trust Account for any reason whatsoever.

 

This letter agreement constitutes the entire
agreement and understanding of the parties hereto in respect of its subject matter and supersedes all prior understandings, agreements,
or representations by or among the parties hereto, written or oral, to the extent they relate in any way to the subject matter
hereof or the transactions contemplated hereby.

 

This letter agreement may not be amended,
modified or waived as to any particular provision, except by a written instrument executed by the parties hereto.

 

No party hereto may assign either this letter
agreement or any of its rights, interests, or obligations hereunder without the prior written approval of the other party. Any
purported assignment in violation of this paragraph shall be void and ineffectual and shall not operate to transfer or assign any
interest or title to the purported assignee.

 

This letter agreement constitutes the entire
relationship of the parties hereto, and any litigation between the parties (whether grounded in contract, tort, statute, law or
equity) shall be governed by, construed in accordance with, and interpreted pursuant to the laws of the State of New York, without
giving effect to its choice of law principles.

 

[Signature Page Follows]

 

     

     

    

 

 

	 	Very truly yours,
	 	 
	 	FELLAZO INC.
	 	 	 
	 	By:	/s/
Nicholas Ting Lun Wong
	 	 	Name: Nicholas Ting Lun Wong
	 	 	Title:   Chief Executive Officer

 

AGREED TO AND ACCEPTED BY:

 

SWIPY LTD

  

	By:   	/s/
Nicholas Ting Lun Wong	 
	Name: 	Nicholas Ting Lun Wong	 
	Title:  	Director	 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

[Signature Page to Administrative Support
Agreement]

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