Document:

Exhibit
10.6

 

PRIVATE
PLACEMENT SHARE PURCHASE AGREEMENT

 

THIS
PRIVATE PLACEMENT SHARE PURCHASE AGREEMENT (as it may from time to time be amended and including all exhibits referenced herein, this
“Agreement”), dated as of [●], 2021, is entered into by and between Jade Value Acquisition Corporation,
a Cayman Islands exempted company (the “Company”), and Jade Value Holdings Limited, a British Virgin Islands
limited liability company (the “Purchaser”).

 

WHEREAS,
the Company intends to consummate an initial public offering of the Company’s units (the “Public Offering”),
each unit consisting of one Class A ordinary share of the Company, par value $0.0001 per share (each, a “Share”),
one-half of one redeemable warrant, each whole warrant entitling the holder to purchase one Share at an exercise price of $11.50 per
Share (each, a “Warrant”), and one right to receive one-tenth of one Share (each, a “Right”),
as set forth in the Company’s Registration Statement on Form S-1, filed with the U.S. Securities and Exchange Commission (the “SEC”),
File Number 333-[XX] (the “Registration Statement”), under the Securities Act of 1933, as amended (the “Securities
Act”).

 

WHEREAS,
the Purchaser has agreed to purchase an aggregate of 320,000 Shares (and up to 22,500 additional Shares if the underwriters in the Public
Offering exercise their option to purchase additional units in full) (the “Private Placement Shares”).

 

NOW
THEREFORE, in consideration of the mutual promises contained in this Agreement and other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties to this Agreement hereby, intending legally to be bound, agree as follows:

 

AGREEMENT

 

Section
1. Authorization, Purchase and Sale; Terms of the Private Placement Shares.

 

(a)
Authorization of the Private Placement Shares. The Company has duly authorized the issuance and sale of the Private Placement Shares
to the Purchaser.

 

(b)
Purchase and Sale of the Private Placement Shares.

 

(i)
On the date of the consummation of the Public Offering (the “IPO Closing Date”), the Company shall issue and
sell to the Purchaser, and the Purchaser shall purchase from the Company, 320,000 Private Placement Shares at a price of $10.00 per Private
Placement Share for an aggregate purchase price of $3,200,000 (the “Purchase Price by wire transfer of immediately
available funds or by such other method as may be reasonably acceptable to the Company, to the trust account (the “Trust Account”)
at a financial institution to be chosen by the Company, maintained by Wilmington Trust, National Association, acting as trustee, at least
one (1) business day prior to the date of effectiveness of the Registration Statement. On the IPO Closing Date, subject to the receipt
of funds pursuant to the immediately prior sentence, the Company, at its option, shall deliver a certificate evidencing the Private Placement
Shares purchased on such date duly registered in the Purchaser’s name to the Purchaser or effect such delivery in book-entry form.

 

    1

     

    

 

(ii)
On the date of the closing of the option to purchase additional units, if any, in connection with the Public Offering or on such earlier
time and date as may be mutually agreed by the Purchaser and the Company (the “Option Closing Date”, and each
Option Closing Date (if any) and the IPO Closing Date, a “Closing Date”), the Company shall issue and sell
to the Purchaser, and the Purchaser shall purchase from the Company, up to 22,500 Private Placement Shares (or, to the extent the option
to purchase additional units is not exercised in full, a lesser number of Private Placement Units in proportion to portion of the option
that is exercised) at a price of $10.00 per Private Placement Share for an aggregate purchase price of up to $225,000 (the “Option
Purchase Price”). The Purchaser shall pay the Option Purchase Price in accordance with the Company’s wire instruction
by wire transfer of immediately available funds to the Trust Account, at least one business day prior to the Option Closing Date. On
the Option Closing Date, subject to the receipt of funds pursuant to the immediately prior sentence, the Company shall, at its option,
deliver a certificate evidencing the Private Placement Shares purchased on such date duly registered in the Purchaser’s name to
the Purchaser or effect such delivery in book-entry form.

 

(c)
Terms of the Private Placement Shares.

 

(i)
The Private Placement Shares are identical to the Shares that are part of the units to be offered in the Public Offering except that:
(a) the Private Placement Shares will not, except in limited circumstances, be transferable or salable until 30 days after the completion
of the Company’s initial business combination (the “Business Combination”) so long as they are held by
the Purchaser or its permitted transferees; and (b) the Private Placement Shares are being purchased pursuant to an exemption from the
registration requirements of the Securities Act and will become freely tradable only after the expiration of the lockup described above
in clause (a) and they are registered pursuant to the Registration Rights Agreement (as defined below) or an exemption from registration
is available, and the restrictions described above in clause (a) have expired.

 

(ii)
On the IPO Closing Date, the Company and the Purchaser shall enter into a registration rights agreement (the “Registration
Rights Agreement”) pursuant to which the Company will grant certain registration rights to the Purchaser relating to the
Private Placement Shares.

 

Section
2. Representations and Warranties of the Company. As a material inducement to the Purchaser to enter into this Agreement and purchase
the Private Placement Shares, the Company hereby represents and warrants to the Purchaser (which representations and warranties shall
survive each Closing Date) that:

 

(a)
Incorporation and Corporate Power. The Company is an exempted company duly incorporated, validly existing and in good standing under
the laws of the Cayman Islands and is qualified to do business in every jurisdiction in which the failure to so qualify would reasonably
be expected to have a material adverse effect on the financial condition, operating results or assets of the Company. The Company possesses
all requisite corporate power and authority necessary to carry out the transactions contemplated by this Agreement.

 

    2

     

    

 

(b)
Authorization; No Breach.

 

(i)
The execution, delivery and performance of this Agreement and the Private Placement Shares have been duly authorized by the Company as
of the Closing Date. This Agreement constitutes the valid and binding obligation of the Company, enforceable in accordance with its terms,
subject to bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other laws of general applicability relating
to or affecting creditors’ rights and to general equitable principles (whether considered in a proceeding in equity or law). Upon
issuance in accordance with, and payment pursuant to, the terms of this Agreement, the Private Placement Shares will constitute valid
and binding obligations of the Company, enforceable in accordance with their terms as of the Closing Date.

 

(ii)
The execution and delivery by the Company of this Agreement and the Private Placement Shares, the issuance and sale of the Private Placement
Shares and the fulfillment of and compliance with the respective terms hereof and thereof by the Company, do not and will not as of the
Closing Date (a) conflict with or result in a breach of the terms, conditions or provisions of, (b) constitute a default under, (c) result
in the creation of any lien, security interest, charge or encumbrance upon the Company’s share capital or assets under, (d) result
in a violation of, or (e) require any authorization, consent, approval, exemption or other action by or notice or declaration to, or
filing with, any court or administrative or governmental body or agency pursuant to the memorandum and articles of association of the
Company (in effect on the date hereof or as may be amended prior to completion of the Public Offering) or any material law, statute,
rule or regulation to which the Company is subject, or any agreement, order, judgment or decree to which the Company is subject, except
for any filings required after the date hereof under federal or state securities laws.

 

(c)
Title to Securities. Upon issuance in accordance with, and payment pursuant to, the terms hereof, and upon registration in the Company’s
register of members, the Private Placement Shares will be duly and validly issued, fully paid and nonassessable. Upon issuance in accordance
with, and payment pursuant to, the terms hereof, and upon registration in the Company’s register of members, the Purchaser will
have good title to the Private Placement Shares purchased by it, free and clear of all liens, claims and encumbrances of any kind, other
than (i) transfer restrictions hereunder and under the other agreements contemplated hereby, (ii) transfer restrictions under federal
and state securities laws, and (iii) liens, claims or encumbrances imposed due to the actions of the Purchaser.

 

(d)
Governmental Consents. No permit, consent, approval or authorization of, or declaration to or filing with, any governmental authority
is required in connection with the execution, delivery and performance by the Company of this Agreement or the consummation by the Company
of any other transactions contemplated hereby.

 

(e)
Regulation D Qualification. Neither the Company nor, to its actual knowledge, any of its affiliates, members, officers, directors or
beneficial shareholders of 20% or more of its outstanding securities, has experienced a disqualifying event as enumerated pursuant to
Rule 506 (d) of Regulation D under the Securities Act.

 

    3

     

    

 

Section
3. Representations and Warranties of the Purchaser. As a material inducement to the Company to enter into this Agreement and issue and
sell the Private Placement Shares to the Purchaser, the Purchaser hereby represents and warrants to the Company (which representations
and warranties shall survive each Closing Date) that:

 

(a)
Organization and Requisite Authority. The Purchaser possesses all requisite power and authority necessary to carry out the transactions
contemplated by this Agreement.

 

(b)
Authorization; No Breach.

 

(i)
This Agreement constitutes a valid and binding obligation of the Purchaser, enforceable in accordance with its terms, subject to bankruptcy,
insolvency, fraudulent conveyance, reorganization, moratorium and other laws of general applicability relating to or affecting creditors’
rights and to general equitable principles (whether considered in a proceeding in equity or law).

 

(ii)
The execution and delivery by the Purchaser of this Agreement and the fulfillment of and compliance with the terms hereof by the Purchaser
does not and shall not as of each Closing Date (a) conflict with or result in a breach by the Purchaser of the terms, conditions or provisions
of, (b) constitute a default under, (c) result in the creation of any lien, security interest, charge or encumbrance upon the Purchaser’s
equity or assets under, (d) result in a violation of, or (e) require authorization, consent, approval, exemption or other action by or
notice or declaration to, or filing with, any court or administrative or governmental body or agency pursuant to the Purchaser’s
organizational documents in effect on the date hereof or as may be amended prior to completion of the contemplated Public Offering, or
any material law, statute, rule or regulation to which the Purchaser is subject, or any agreement, instrument, order, judgment or decree
to which the Purchaser is subject, except for any filings required after the date hereof under federal or state securities laws.

 

(c)
Investment Representations.

 

(i)
The Purchaser is acquiring the Private Placement Shares, for its own account, for investment purposes only and not with a view towards,
or for resale in connection with, any public sale or distribution thereof.

 

(ii)
The Purchaser is an “accredited investor” as such term is defined in Rule 501(a)(3) of Regulation D, and the Purchaser has
not experienced a disqualifying event as enumerated pursuant to Rule 506(d) of Regulation D under the Securities Act.

 

(iii)
The Purchaser understands that the Private Placement Shares are being offered and will be sold to it in reliance on specific exemptions
from the registration requirements of the United States federal and state securities laws and that the Company is relying upon the truth
and accuracy of, and the Purchaser’s compliance with, the representations and warranties of the Purchaser set forth herein in order
to determine the availability of such exemptions and the eligibility of the Purchaser to acquire such Securities.

 

(iv)
The Purchaser did not decide to enter into this Agreement as a result of any general solicitation or general advertising within the meaning
of Rule 502(c) under the Securities Act.

 

(v)
The Purchaser has been furnished with all materials relating to the business, finances and operations of the Company and materials relating
to the offer and sale of the Private Placement Shares which have been requested by the Purchaser. The Purchaser has been afforded the
opportunity to ask questions of the executive officers and directors of the Company. The Purchaser understands that its investment in
the Private Placement Shares involves a high degree of risk and it has sought such accounting, legal and tax advice as it has considered
necessary to make an informed investment decision with respect to the acquisition of the Private Placement Shares.

 

    4

     

    

 

(vi)
The Purchaser understands that no United States federal or state agency or any other government or governmental agency has passed on
or made any recommendation or endorsement of the Private Placement Shares or the fairness or suitability of the investment in the Private
Placement Shares by the Purchaser nor have such authorities passed upon or endorsed the merits of the offering of the Securities.

 

(vii)
The Purchaser understands that: (a) the Securities have not been and are not being registered under the Securities Act or any state securities
laws, and may not be offered for sale, sold, assigned or transferred unless (1) subsequently registered thereunder or (2) sold in reliance
on an exemption therefrom; and (b) except as specifically set forth in the Registration Rights Agreement, neither the Company nor any
other person is under any obligation to register the Private Placement Shares under the Securities Act or any state securities laws or
to comply with the terms and conditions of any exemption thereunder. In this regard, the Purchaser understands that the SEC has taken
the position that promoters or affiliates of a blank check company and their transferees, both before and after an initial Business Combination,
are deemed to be “underwriters” under the Securities Act when reselling the securities of a blank check company. Based on
that position, Rule 144 adopted pursuant to the Securities Act would not be available for resale transactions of the Private Placement
Shares despite technical compliance with the requirements of such Rule, and the Private Placement Shares can be resold only through a
registered offering or in reliance upon another exemption from the registration requirements of the Securities Act.

 

(viii)
The Purchaser has such knowledge and experience in financial and business matters, knowledge of the high degree of risk associated with
investments in the securities of companies in the development stage such as the Company, is capable of evaluating the merits and risks
of an investment in the Private Placement Shares and is able to bear the economic risk of an investment in the Private Placement Shares
in the amount contemplated hereunder for an indefinite period of time. The Purchaser has adequate means of providing for its current
financial needs and contingencies and will have no current or anticipated future needs for liquidity which would be jeopardized by the
investment in the Private Placement Shares. The Purchaser can afford a complete loss of its investments in the Private Placement Shares.

 

(ix)
The Purchaser understands that the Private Placement Shares shall bear the following legend and appropriate “stop transfer restrictions”:

 

“THE
SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES
LAWS AND NEITHER THE SECURITIES NOR ANY INTEREST THEREIN MAY BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF EXCEPT PURSUANT
TO AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT OR SUCH LAWS OR AN EXEMPTION FROM REGISTRATION UNDER SUCH ACT AND SUCH LAWS WHICH,
IN THE OPINION OF COUNSEL, IS AVAILABLE.

 

    5

     

    

 

THE
SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO LOCKUP PROVISIONS AND MAY NOT BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE
DISPOSED OF DURING THE TERM OF THE LOCKUP.”

 

Section
4. Conditions of the Purchaser’s Obligations. The obligations of the Purchaser to purchase and pay for the Private Placement Shares
are subject to the fulfillment, on or before each Closing Date, of each of the following conditions:

 

(a)
Representations and Warranties. The representations and warranties of the Company contained in Section 2 shall be true and correct at
and as of the Closing Date as though then made.

 

(b)
Performance. The Company shall have performed and complied with all agreements, obligations and conditions contained in this Agreement
that are required to be performed or complied with by it on or before such Closing Date.

 

(c)
No Injunction. No litigation, statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted, entered,
promulgated or endorsed by or in any court or governmental authority of competent jurisdiction or any self-regulatory organization having
authority over the matters contemplated hereby, which prohibits the consummation of any of the transactions contemplated by this Agreement.

 

(d)
Registration Rights Agreement. The Company shall have entered into the Registration Rights Agreement, in the form of Exhibit A hereto,
on terms satisfactory to the Purchaser.

 

Section
5. Conditions of the Company’s Obligations. The obligations of the Company to the Purchaser under this Agreement are subject to
the fulfillment, on or before each Closing Date, of each of the following conditions:

 

(a)
Representations and Warranties. The representations and warranties of the Purchaser contained in Section 3 shall be true and correct
at and as of such Closing Date as though then made.

 

(b)
Performance. The Purchaser shall have performed and complied with all agreements, obligations and conditions contained in this Agreement
that are required to be performed or complied with by the Purchaser on or before such Closing Date.

 

(c)
Corporate Consents. The Company shall have obtained the consent of its Board of Directors authorizing the execution, delivery and performance
of this Agreement and the issuance and sale of the Private Placement Shares hereunder.

 

(d)
No Injunction. No litigation, statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted, entered,
promulgated or endorsed by or in any court or governmental authority of competent jurisdiction or any self-regulatory organization having
authority over the matters contemplated hereby, which prohibits the consummation of any of the transactions contemplated by this Agreement.

 

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Section
6. Miscellaneous.

 

(a)
Successors and Assigns. Except as otherwise expressly provided herein, all covenants and agreements contained in this Agreement by or
on behalf of any of the parties hereto shall bind and inure to the benefit of the respective successors of the parties hereto whether
so expressed or not. Notwithstanding the foregoing or anything to the contrary herein, the parties may not assign this Agreement, other
than assignments by the Purchaser to affiliates thereof (including, without limitation one or more of its members).

 

(b)
Severability. Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under
applicable law, but if any provision of this Agreement is held to be prohibited by or invalid under applicable law, such provision shall
be ineffective only to the extent of such prohibition or invalidity, without invalidating the remainder of this Agreement.

 

(c)
Counterparts. This Agreement may be executed simultaneously in two or more counterparts, none of which need contain the signatures of
more than one party, but all such counterparts taken together shall constitute one and the same agreement. Signatures to this Agreement
transmitted via facsimile or e-mail shall be valid and effective to bind the party so signing.

 

(d)
Descriptive Headings; Interpretation. The descriptive headings of this Agreement are inserted for convenience only and do not constitute
a substantive part of this Agreement. The use of the word “including” in this Agreement shall be by way of example rather
than by limitation.

 

(e)
Governing Law. This Agreement shall be deemed to be a contract made under the laws of the State of New York and for all purposes shall
be construed in accordance with the internal laws of the State of New York, without giving effect to conflicts of law principles that
would result in the application of the laws of another jurisdiction.

 

(f)
Amendments. This Agreement may not be amended, modified or waived as to any particular provision, except by a written instrument executed
by the parties hereto.

 

[Signature
Page Follows]

 

    7

     

    

 

IN
WITNESS WHEREOF, the parties hereto have executed this Agreement.

 

	 	COMPANY:
	 	 	 
	 	JADE VALUE
    ACQUISITION CORPORATION
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 	 
	 	PURCHASER:
	 	 	 
	 	JADE VALUE
    HOLDINGS LIMITED
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

[Signature
Page to Private Placement Share Purchase Agreement]

 

    8

     

    

 

EXHIBIT
A

 

Registration
Rights Agreement

 

 

 

9Exhibit
10.8

 

SECURITIES
TRANFER AGREEMENT

 

This
Securities Transfer Agreement is dated as of [ ], 2021 (this “Agreement”), by and among Jade Value Holdings Limited,
a British Virgin Islands company (the “Seller”), and the parties identified on the signature page hereto (each
a “Buyer” and collectively, the “Buyers”).

 

WHEREAS,
the Seller is a sponsor of Jade Value Acquisition Corporation, a Cayman Islands company (the “Company”), a newly-organized
blank check company, or special purpose acquisition company, formed for the purpose of effecting a merger, stock exchange, asset acquisition,
stock purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities (a “Business
Combination”);

 

WHEREAS,
the Company is contemplating its initial public offering of 7,500,000 units, each consisting one share of Class A ordinary shares, $0.0001
par value, one-half and one warrant, and one right (the “IPO”);

 

WHEREAS,
the Company has granted the underwriters in the IPO an option (the “Over-allotment Option”) to purchase up to additional
1,125,000 units within 45 days of the closing of the IPO;

 

WHEREAS,
in connection with the IPO, the Seller acquired 2,156,250 shares of Class B ordinary shares of the Company, $0.0001 par value (“Class B
Shares”), among which, up to 281,250 shares are subject to forfeiture if the Over-allotment Option is not exercised (each,
a “Founder Share”, collectively, the “Founder Shares”) at the aggregate purchase price of $25,000,
or approximately $0.0116 per share (the “Purchase Price”);

 

WHEREAS,
each of the Buyers is an officer or director/director nominee or a personnel (and/or its designee) of the Company;

 

WHEREAS,
on the terms and subject to the conditions set forth in this Agreement, the Seller wishes to transfer to the Buyers and the Buyers wish
to acquire from the Seller, the aggregated amount of 60,000 Founder Shares at the Purchase Price immediately prior to or upon the effectiveness
of the registration statement in Form S-1 (File No. 333-258053, the “Registration Statement”) in connection with the
IPO; and

 

NOW,
THEREFORE, in consideration of the premises, representations, warranties and the mutual covenants contained in this Agreement, and for
other good and valuable consideration, the receipt, sufficiency and adequacy of which are hereby acknowledged, the parties hereto, intending
to be legally bound, hereby agree as follows:

 

Section 1.
Transfer of Shares. Seller hereby agrees to transfer the aggregated amount of 60,000 Founder Shares to the Buyers immediately
prior to or upon the effectiveness of Registration Statement (the “Transfer”) , 20,000 Founder Shares to each Buyer;
and the Buyers agree to pay the Seller an aggregate amount of $6,696 at the Transfer in consideration of the transfer of the Shares.

 

Section 2.
Potential Forfeiture of Shares.

 

(a)
In the event that the Company determines for any reason not to nominate, elect or appoint any Buyer as a member of the board of directors
of the Company, or if any Buyer otherwise does not become a member of the board of directors of the Company for any reason, on or prior
to the closing of the Public Offering (as defined below), or if the Public Offering is not consummated on or prior to June 30, 2021,
such Buyer shall automatically forfeit all of the Shares held by such Buyer, which Shares shall automatically be assigned and returned
to the Seller, and the Seller shall promptly return the applicable portion of the Purchase Price to such Buyer.

 

(b)
In the event that, following the closing of the Public Offering and prior to the consummation of a Business Combination, any Buyer resigns
or otherwise ceases to serve as a member of the board of the directors for any reason, Seller (or its designee(s)) shall have the right,
but not the obligation, to purchase from the Buyer fifty percent (50%) of the Shares purchased by such Buyer hereunder, for a purchase
price equal to the per-share purchase price paid by such Buyer for such Shares hereunder. Such right shall be exercisable by Seller at
any time prior to the consummation of a Business Combination by providing written notice of such exercise to the applicable Buyer.

  

     

     

    

 

(c)
The applicable Buyer shall take all actions as may be reasonably necessary to consummate any forfeiture or sale contemplated by this
Section 2, including entering into agreements and delivering certificates and instruments and consents as may be deemed by Seller
to be necessary or appropriate, and the applicable Buyer hereby grants to Seller and any representative designated by Seller without
further action by such Buyer a limited irrevocable power of attorney to effect any forfeiture or transfer contemplated hereby on behalf
of such Buyer, which power of attorney shall be deemed to be coupled with an interest.

 

Section 3.
No Conflicts. Each party represents and warrants that neither the execution and delivery of this Agreement by such party, nor
the consummation or performance by such party of any of the transactions contemplated hereby, will with or without notice or lapse of
time, constitute, create or result in a breach or violation of, default under, loss of benefit or right under or acceleration of performance
of any obligation required under any agreement to which it is a party.

 

Section 4.
Investment Representations. Each Buyer represents and warrants, with respect to himself or herself only, as set forth herein.
Such Buyer hereby acknowledges that an investment in the Shares involves certain significant risks. Such Buyer has no need for liquidity
in its investment in the Shares for the foreseeable future and is able to bear the risk of that investment for an indefinite period.
Such Buyer acknowledges and hereby agrees that the Shares will not be transferable under any circumstances unless registered by the Company
in accordance with federal and state securities laws or sold in compliance with an exemption under such laws and such transfer complies
with all applicable lock-up restrictions on such Buyer (as described in the Company’s draft registration statement on Form S-1,
as may be amended (the “Registration Statement”), under the Securities Act of 1933, as amended (the “Act”),
relating to a contemplated underwritten public offering by the Company (the “Public Offering”)). Such Buyer further
understands and agrees that Buyer will be required to execute and deliver (a) a letter agreement including, among other provisions,
the foregoing transfer restrictions, and (b) a stock escrow agreement with respect to such shares, in each case as described in
the Registration Statement, and that any certificates evidencing the Shares bear a legend referring to such transfer restrictions.

 

The
Shares are being acquired solely for such Buyer’s own account, for investment purposes only, and are not being purchased with a
view to or for the resale, distribution, subdivision or fractionalization thereof; and such Buyer has no present plans to enter into
any contract, undertaking, agreement or arrangement for such resale, distribution, subdivision or fractionalization. Such Buyer has been
given the opportunity to (i) ask questions of and receive answers from the Seller and the Company concerning the terms and conditions
of the Shares, and the business and financial condition of the Company and (ii) obtain any additional information that the Seller
possesses or can acquire without unreasonable effort or expense that is necessary to assist such Buyer in evaluating the advisability
of the purchase of the Shares and an investment in the Company. Such Buyer is not relying on any oral representation made by any person
as to the Company or its operations, financial condition or prospects. Such Buyer is an “accredited investor” as defined
in Regulation D promulgated by the Securities and Exchange Commission under the Act. In the event such Buyer does not join the Board
of Directors of the Company upon the consummation of the Public Offering (whether and either at the election of the Company or such Buyer
for any reason), then the Buyer shall promptly return the Shares to the Company.

 

Section 5.
 Miscellaneous. This Agreement, together with the certificates, documents, instruments and writings that are delivered pursuant
hereto, constitutes the entire agreement and understanding of the parties hereto in respect of its subject matter. This Agreement may
be executed in two or more counterparts, each of which will be deemed an original but all of which together will constitute one and the
same instrument. This Agreement may not be amended, modified or waived as to any particular provision, except by a written instrument
executed by all parties hereto. Except as otherwise provided herein, no party hereto may assign either this Agreement or any of its rights,
interests, or obligations hereunder without the prior written approval of the other party.

 

    2

     

    

 

IN
WITNESS WHEREOF, the undersigned have executed this Agreement to be effective as of the date first set forth above.

 

	 	Jade Value Holdings Limited
	 	 	 
	 	By:	 
	 	Name: 
	 	Title:   
	 	 	 
	 	BUYERS:
	 	 	 
	 	 
	 	Hongfei Tian
	 	 	 
	 	 
	 	Jian (James) Liu
	 	 
	 	 
	 	Xiaolin Zhong

 

[Signature
Page to Securities Transfer Agreement]

 

 

3

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