<SEC-DOCUMENT>0001213900-20-033117.txt : 20201026
<SEC-HEADER>0001213900-20-033117.hdr.sgml : 20201026
<ACCEPTANCE-DATETIME>20201026060647
ACCESSION NUMBER:		0001213900-20-033117
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20201026
FILED AS OF DATE:		20201026
DATE AS OF CHANGE:		20201026

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Lianluo Smart Ltd
		CENTRAL INDEX KEY:			0001474627
		STANDARD INDUSTRIAL CLASSIFICATION:	SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D8

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34661
		FILM NUMBER:		201258956

	BUSINESS ADDRESS:	
		STREET 1:		RM 2108, 21ST FL, NO. 20 SHIJINGSHAN RD
		STREET 2:		CHINA RAILWAY CONSTRUCTION BUILDING
		CITY:			SHIJINGSHAN DISTRICT, BEIJING
		STATE:			F4
		ZIP:			100040
		BUSINESS PHONE:		(8610)8860-9850

	MAIL ADDRESS:	
		STREET 1:		RM 2108, 21ST FL, NO. 20 SHIJINGSHAN RD
		STREET 2:		CHINA RAILWAY CONSTRUCTION BUILDING
		CITY:			SHIJINGSHAN DISTRICT, BEIJING
		STATE:			F4
		ZIP:			100040

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Dehaier Medical Systems Ltd
		DATE OF NAME CHANGE:	20091015
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>ea128821-6k_lianluo.htm
<DESCRIPTION>REPORT OF FOREIGN PRIVATE ISSUER
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>WASHINGTON, DC 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 6-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>REPORT OF FOREIGN PRIVATE ISSUER</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PURSUANT TO RULE 13a-16 OR 15d-16 UNDER</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>THE SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>For the month of, October 2020</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Commission File Number: 001-34661</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>Lianluo Smart Limited</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Translation of registrant&rsquo;s
name in English)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Room 611, 6th Floor, BeiKong Technology
Building, No. 10 Baifuquan Road,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Changping District, Beijing, 102200</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">People&rsquo;s Republic of China</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Address of principal executive offices)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark whether the registrant files or will
file annual reports under cover of Form 20-F or Form 40-F.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Form 20-F&nbsp;&nbsp; &#9746;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form
40-F&nbsp;&nbsp; &#9744;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark if the registrant is submitting the Form
6-K in paper as permitted by Regulation S-T Rule 101(b)(1): &#9744;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark if the registrant is submitting the Form
6-K in paper as permitted by Regulation S-T Rule 101(b)(7): &#9744;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 32pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%; padding-right: 0.8pt">&nbsp;</TD>
    <TD STYLE="width: 4%; padding-right: 0.8pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 36%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>LIANLUO SMART LIMITED</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.8pt">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">October 26, 2020</FONT></TD>
    <TD STYLE="padding-right: 0.8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Bin Lin&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.8pt">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Bin Lin</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.8pt">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Chief Executive Officer</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B>EXHIBIT&nbsp;INDEX</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 9%; border-bottom: black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 90%; border-bottom: black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Description of Exhibit</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">99.1</FONT></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="ea128821ex99-1_lianluo.htm">Agreement and Plan of Merger, by and among the Company, Lightning Delaware Sub, Inc. and Newegg Inc.</A></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">99.2</FONT></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="ea128821ex99-2_lianluo.htm">Equity Transfer Agreement, by and among the Company, Beijing Fenjin Times Technology Development Co., Ltd. and Lianluo Connection Medical Wearable Device Technology (Beijing) Co., Ltd.</A></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">99.3</FONT></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="ea128821ex99-3_lianluo.htm">Press Release, dated October 24, 2020</A></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">2</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>
<P STYLE="margin: 0">&nbsp;</P>

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ea128821ex99-1_lianluo.htm
<DESCRIPTION>AGREEMENT AND PLAN OF MERGER, BY AND AMONG THE COMPANY, LIGHTNING DELAWARE SUB, INC. AND NEWEGG INC
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 99.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>AGREEMENT AND PLAN OF MERGER</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">This AGREEMENT AND PLAN
OF MERGER, dated as of October 23, 2020 (this &ldquo;<U>Agreement</U>&rdquo;), is entered into by and among Lianluo Smart Limited,
a business company incorporated under the laws of the British Virgin Islands (&ldquo;<U>LLIT</U>&rdquo;), Newegg Inc., a Delaware
corporation (&ldquo;<U>Newegg</U>&rdquo;), and Lightning Delaware Sub, Inc., a Delaware corporation and a wholly owned subsidiary
of LLIT (&ldquo;<U>Merger Sub</U>&rdquo;). LLIT, Newegg and Merger Sub are sometimes referred to herein individually as a &ldquo;<U>Party</U>&rdquo;
and, collectively, as the &ldquo;<U>Parties</U>&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">WITNESSETH:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, LLIT is a British
Virgin Islands business company which is currently authorized to issue a maximum of 6,250,000 common shares, divided into (i) 4,736,111
Class A common shares, par value $0.021848 per share (&ldquo;<U>LLIT Class A Shares</U>&rdquo;), of which 2,210,684 shares are
issued and outstanding as of the date hereof, and (ii) 1,513,889 Class B common shares, par value $0.021848 per share, (&ldquo;<U>LLIT
Class B Shares</U>&rdquo;), of which 1,388,888 shares are issued and outstanding as of the date hereof;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, Merger Sub is
a Delaware corporation having authorized capital stock consisting of 100 shares of Common Stock, par value $0.01 per share (the
&ldquo;<U>Merger Sub Common Stock</U>&rdquo;), of which all 100 shares are issued and outstanding as of the date hereof, all of
which are owned of record and beneficially by LLIT;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, Newegg is a
Delaware corporation having authorized capital stock consisting of: (i)&nbsp;142,000,000 shares of Class A common stock, par value
$0.001 per share (&ldquo;<U>Newegg Class A Shares</U>&rdquo;), of which 849,159 shares are issued and outstanding as of the date
hereof, (ii) 59,000,000 shares of Class B common stock, par value $0.001 per share (&ldquo;<U>Newegg Class B Shares</U>&rdquo;),
of which no shares are issued and outstanding as of the date hereof, (iii) 25,889,968 shares of Series AA preferred stock, par
value $0.001 per share (&ldquo;<U>Newegg Series AA Preferred Shares</U>&rdquo;), of which 24,870,027 shares are issued and outstanding
as of the date hereof, and (iv) 59,000,000 shares of Series A preferred stock, par value $0.001 per share (&ldquo;<U>Newegg Series
A Preferred Shares</U>&rdquo;), of which 36,475,987 shares are issued and outstanding as of the date hereof (collectively, &ldquo;<U>Newegg
Shares</U>&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, LLIT and Beijing
Fenjin Times Technology Development Co., Ltd., a corporation organized under the laws of People&rsquo;s Republic of China (the
&ldquo;<U>Disposition Acquirer</U>&rdquo;) have entered into that certain Equity Transfer Agreement, (the &ldquo;<U>Disposition
Agreement</U>&rdquo;) on the same date of this Agreement, pursuant to which LLIT has agreed to sell all of the equity interests
in Lianluo Connection Medical Wearable Device Technology (Beijing) Co., Ltd, the wholly-owned subsidiary of LLIT (&ldquo;<U>Lianluo
Connection</U>&rdquo;), and all remaining assets and liabilities of Lianluo Connection owned immediately prior to the Closing to
the Disposition Acquirer (the &ldquo;<U>Disposition</U>&rdquo;, together with the Merger, the &ldquo;<U>Restructure</U>&rdquo;),
on the Closing Date (as defined below) on or immediately after the Effective Time (as defined below);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, the
respective Boards of Directors of LLIT, Newegg and Merger Sub, together with the LLIT Special Committee and the Newegg
Special Committee, have unanimously approved and declared advisable the merger of Merger Sub with and into Newegg (the
&ldquo;<U>Merger</U>&rdquo;), upon the terms and subject to the conditions set forth herein;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, Hangzhou Lianluo
Interactive Technology Co., Ltd. (&ldquo;<U>Hangzhou Lianluo</U>&rdquo;), which beneficially owns 1,388,888 outstanding LLIT Class
B Shares, representing 100% of the LLIT Class B Shares and 86.27% of the aggregate outstanding voting power of all classes of LLIT
Shares and Ping Chen, who beneficially owns 201,692 outstanding shares of LLIT Class A Shares, representing 9.12% of outstanding
LLIT Class A Shares and 1.25% of the aggregate outstanding voting power of all classes of LLIT Shares, have entered into a voting
agreement simultaneously with the execution of this Agreement in the form attached hereto as <U>Exhibit A</U>, pursuant to which
Hangzhou Lianluo and Ping Chen agree to vote in favor of the Merger, the Disposition, the Offering and any other transactions contemplated
herein or described in the Form F-4 (as hereinafter defined) (the &ldquo;<U>Support Agreements</U>&rdquo;);&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, within 5 days
after the date hereof, stockholders of Newegg who hold a majority (measured both including and excluding any such stockholders
who are affiliated with Hangzhou Lianluo) of each class and each series of Newegg Shares will act by written consent to adopt this
Agreement and approve the transactions contemplated herein;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, LLIT shall prepare,
with the assistance and cooperation of Newegg, and file with the Securities and Exchange Commission (&ldquo;<U>SEC</U>&rdquo;)
a registration restatement on Form F-1 (as amended or supplemented from time to time, the &ldquo;<U>Form F-1</U>&rdquo;) in connection
with an offering of a certain number of LLIT Class A Shares for $30,000,000, or such other amount reasonably determined by Newegg
that is necessary for LLIT to meet NASDAQ initial listing requirements (the &ldquo;<U>Offering</U>&rdquo;), which will be closed
simultaneously with the Restructure;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, LLIT shall prepare,
with the assistance and cooperation of Newegg, and file with the SEC a Form F-4 (as amended or supplemented from time to time,
and including the notice to shareholders contained therein, the &ldquo;<U>Form F-4</U>&rdquo;) in connection with the registration
under the Securities Act of 1933, as amended (the &ldquo;<U>Securities Act</U>&rdquo;), of the LLIT Exchange Shares (as hereinafter
defined) to be issued in the Merger (such registration statement, the &ldquo;<U>Merger Registration Statement</U>&rdquo;), which
will also contain a proxy solicitation statement and notice to LLIT&rsquo;s shareholders of the Shareholder Meeting (as hereinafter
defined) held for the purpose of considering matters in connection with the Restructure and the Offering (the &ldquo;<U>Shareholder
Meeting Notice</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">NOW, THEREFORE, in consideration
of the premises, representations, warranties and agreements herein contained, the Parties to this Agreement agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">ARTICLE I<BR>
<BR>
THE MERGER</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 1.1 <U>The
Merger</U>. Upon the terms and subject to the conditions set forth in this Agreement, and in accordance with the Delaware General
Corporation Law (the &ldquo;<U>DGCL</U>&rdquo;), Merger Sub shall be merged with and into Newegg at the Effective Time (as hereinafter
defined). Following the Merger, the separate corporate existence of Merger Sub shall cease and Newegg shall continue as the surviving
corporation of the Merger (the &ldquo;<U>Surviving Corporation</U>&rdquo;) and as a wholly-owned subsidiary of LLIT.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 1.2 <U>Effective
Time</U>. The Merger shall become effective immediately when a Certificate of Merger (the &ldquo;<U>Certificate of Merger</U>&rdquo;),
prepared and executed in accordance with the relevant provisions of the DGCL, is duly filed with the Secretary of State of the
State of Delaware or, if agreed to by LLIT (acting through the LLIT Special Committee) and Newegg (acting through the Newegg Special
Committee), at such time thereafter as is provided in the Certificate of Merger (the &ldquo;<U>Effective Time</U>&rdquo;). The
filing of the Certificate of Merger shall be made on the Closing Date (as hereinafter defined).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 1.3 <U>Effects
of the Merger</U>. The Merger shall have the effects set forth in this Agreement and in the applicable provisions of the DGCL.
Without limiting the generality of the foregoing, and subject thereto, at the Effective Time, all the property, rights, privileges,
powers and franchises of Newegg and Merger Sub shall vest in the Surviving Corporation, and all the debts, liabilities and duties
of Newegg and Merger Sub shall become the debts, liabilities and duties of the Surviving Corporation.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 1.4 <U>Certificate
of Incorporation, Bylaws, Directors and Officers of the Surviving Corporation</U>.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a) At the
Effective Time, the Certificate of Incorporation of the Surviving Corporation shall be amended in its entirety to be identical
to the Certificate of Incorporation of the Merger Sub, as in effect immediately prior to the Effective Time (except that references
to the name of Merger Sub shall be replaced by references to the name of the Surviving Corporation) until thereafter changed or
amended as provided therein or by applicable Laws.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b) At the Effective
Time, the Bylaws of the Surviving Corporation shall be amended in its entirety to be identical to the Bylaws of Merger Sub, as
in effect immediately prior to the Effective Time (except that references to the name of Merger Sub shall be replaced by references
to the name of the Surviving Corporation) until thereafter changed or amended as provided therein or in the Certificate of Incorporation
of the Surviving Corporation.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c) The directors and officers of the Surviving Corporation
at the Effective Time shall be the directors and officers of Newegg, until the earlier of their resignation or removal or until
their respective successors are duly elected and qualified, as the case may be.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 1.5 <U>Amended
Charter, Directors and Officers of LLIT</U>.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a) At the
Effective Time, LLIT shall cause its Memorandum and Articles of Association to be amended and restated in the form of the Amended
Charter (as hereinafter defined).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b) The Parties shall take all action necessary (including,
to the extent necessary, procuring the resignation or removal of any directors on the Board of Directors of LLIT (the &ldquo;<U>LLIT
Board</U>&rdquo;) immediately prior to the Effective Time) so that, as of the Effective Time, the LLIT Board shall be comprised
of the individuals listed on&nbsp;<U>Exhibit B</U>&nbsp;attached hereto. Each individual listed on&nbsp;<U>Exhibit B</U>&nbsp;shall
become a director of LLIT effective as of the Effective Time, to serve for the terms set forth on&nbsp;<U>Exhibit B</U>&nbsp;until
the earlier of their resignation or removal or until their respective successors are duly elected and qualified, as the case may
be.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c) The Parties shall
take all action necessary so that, as of the Effective Time, the individuals listed on&nbsp;<U>Exhibit B</U>&nbsp;shall be appointed
as the executive officers of LLIT. Each existing executive officer of LLIT who is not remaining in such capacity shall submit a
written resignation from his or her position as an executive officer of LLIT on or prior to the Closing Date, which shall be effective
as of the Effective Time.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d) Prior to the Effective
Time, in the event that any individual set forth on <U>Exhibit B</U> is unable or unwilling to serve on the LLIT Board or as an
officer of LLIT, then Newegg shall select a replacement for such individual to serve in such person&rsquo;s place. The Parties
shall take all action necessary to ensure that any such replacement designee is duly qualified and appointed as a director of the
LLIT Board or as an officer of LLIT as of the Effective Time.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 1.6 <U>Conversion
of Securities</U>. At the Effective Time, by virtue of the Merger and without any action on the part of LLIT, Newegg, Merger Sub
or the holders of any securities of LLIT, Newegg or Merger Sub, other than as contemplated in this Agreement, the following shall
occur:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a) Each
share of Merger Sub Common Stock issued and outstanding immediately prior to the Effective Time shall be converted into and become
one fully paid and non-assessable share of common stock, par value $0.01 per share, of the Surviving Corporation (and the shares
of the Surviving Corporation into which the shares of Merger Sub Common Stock are so converted shall be the only shares of the
Surviving Corporation&rsquo;s capital stock that are issued and outstanding immediately after the Effective Time), so that immediately
following the Effective Time, LLIT will be the holder of all the issued and outstanding shares of capital stock of the Surviving
Corporation.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b) Subject
to the provisions of&nbsp;<U>Sections 1.8</U>&nbsp;and&nbsp;<U>1.9</U>, each Newegg Share that is issued and outstanding immediately
prior to the Effective Time (including any Newegg Class A Shares, Newegg Class B Shares, Newegg Series Preferred A Shares and Newegg
Series AA Preferred Shares but excluding any Dissenting Shares (as hereinafter defined) or Excluded Shares (as hereinafter defined))
shall be exchanged for and converted into such number of validly issued, fully paid and non-assessable LLIT Class A Shares (the
&ldquo;<U>LLIT Exchange Shares</U>&rdquo;) equal to the LLIT Conversion Ratio (the total number of LLIT Exchange Shares is collectively
referred to as the &ldquo;<U>Merger Consideration</U>&rdquo;). The LLIT Conversion Ratio shall equal the Newegg Per Share Value
divided by the LLIT Per Share Value. The &ldquo;<U>Newegg Per Share Value</U>&rdquo; shall equal $880,000,000 divided by the number
of outstanding Newegg Shares on the date hereof. The &ldquo;<U>LLIT Per Share Value</U>&rdquo; shall equal (i) the volume-weighted
average trading price of LLIT Class A Shares for the consecutive twenty (20) Trading Days immediately prior to and including October
16, 2020, as adjusted for a 1 to 8 reverse stock split effective on the date hereof (the &ldquo;<U>LLIT 20 Day VWAP</U>&rdquo;)
minus (ii) (A) $3,500,000 (the &ldquo;<U>Escrow Amount</U>&rdquo;) divided by (B) the number of LLIT Class A Shares and LLIT Class
B Shares issued and outstanding on the date hereof, after giving effect to such reverse stock split.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The LLIT Conversion Ratio shall be rounded
to four decimal places and shall be appropriately adjusted to reflect the effect of any stock split, split-up, reverse stock split,
stock dividend or distribution of securities convertible into Newegg Shares, LLIT Class A Shares or LLIT Class B Shares, reorganization,
recapitalization, reclassification or other like change with respect to the Newegg Shares, LLIT Class A Shares or LLIT Class B
Shares having a record date occurring on or after the date of this Agreement and prior to the Effective Time; provided, that nothing
in this &lrm;subsection (i) shall be construed to permit any Party to take any action with respect to its securities that is prohibited
by the terms of this Agreement.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)   &nbsp;If
<U>Section 1.6(b)</U> would result in the issuance of any fractional LLIT Exchange Shares, then, notwithstanding <U>Section 1.6(b)</U>,
such fractional LLIT Exchange Share shall not be issued by LLIT and in lieu thereof, LLIT shall pay in cash, without interest,
an amount equal to the amount of such fractional LLIT Exchange Share times the LLIT 20 Day VWAP (the &ldquo;<U>Cash Payment</U>&rdquo;).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii) All
Newegg Shares, when so exchanged and converted, shall no longer be outstanding and shall automatically be canceled and retired,
and each holder of a certificate representing any such Newegg Shares shall cease to have any rights with respect to Newegg Shares,
and thereafter such certificates shall represent the LLIT Exchange Shares into which such Newegg Shares are converted.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c) Each Newegg Share held by Newegg as
treasury stock or owned by LLIT, Merger Sub or by any wholly-owned direct or indirect Subsidiary of Newegg immediately prior to
the Effective Time (collectively, the &ldquo;<U>Excluded Shares</U>&rdquo;) shall no longer be outstanding and shall automatically
be cancelled and retired without payment or consideration therefor.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d) All options, warrants and other securities
convertible into or exercisable for shares of Newegg capital stock shall either be converted or exercised into Newegg Shares prior
to the Effective Time (and holders thereof shall receive part of the Merger Consideration) or be assumed by LLIT pursuant to <U>Section
1.9</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e) At the Effective
Time, each LLIT Class A Share issued and outstanding immediately prior to the Effective Time shall remain outstanding. Immediately
following the Effective Time, any LLIT Class A Shares owned by the Surviving Corporation shall automatically be cancelled and retired
without payment or consideration therefor.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(f) Through the Support
Agreement, Hangzhou Lianluo has agreed (i) to convert each LLIT Class B Share issued and outstanding immediately prior to the Effective
Time into a LLIT Class A Share pursuant to the terms of the Amended Charter, and (ii) that the warrant contained in Section 4(j)
of the Share Purchase Agreement dated as of April 28, 2016 by and among LLIT and Hangzhou Lianluo shall be a warrant to acquire
from LLIT 125,000 LLIT Class A Shares at a purchase price of $17.60 per share (after giving effect to LLIT&rsquo;s 1 for 8 reverse
stock split), with the number of shares and exercise price both subject to appropriate adjustment for reverse and forward stock
splits, stock dividends, stock combinations and other similar transactions of LLIT Shares that occur after the date hereof. Subject
to the foregoing, immediately following the Effective Time, any LLIT Class B Shares, and any options, warrants or other securities
which are convertible or exchangeable into LLIT Class B Shares shall automatically be cancelled and retired without payment or
consideration therefor.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 1.7 <U>Exchange
of Shares</U>.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a) <U>Exchange</U>.
Immediately prior to the Effective Time, LLIT shall designate for exchange, in accordance with this&nbsp;<U>Section 1.7</U>, certificates
representing the LLIT Exchange Shares issuable pursuant to&nbsp;<U>Section 1.6(b)</U>&nbsp;in exchange for outstanding Newegg Shares.
At the Effective Time, LLIT shall cause its transfer agent to deliver the appropriate Merger Consideration and enter in LLIT&rsquo;s
register of members the names of the holders of record of Newegg Shares in exchange for all Newegg Shares that are issued and outstanding
immediately prior to the Effective Time, whether represented by certificates (the &ldquo;<U>Certificates</U>&rdquo;) or not represented
by certificates (the &ldquo;<U>Book-Entry Shares</U>&rdquo;). Notwithstanding anything to the contrary contained in this <U>Section
1.7</U>, LLIT Exchange Shares issued as Merger Consideration can be delivered in book-entry form.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b) <U>Exchange
Procedures.</U><I>&nbsp;</I>As soon as reasonably practical after the Effective Time, LLIT shall mail (or cause to be mailed) to
each holder of record of Newegg Shares: (i) a letter of transmittal (which shall be in such form and have such provisions as LLIT
and Newegg mutually and reasonably specify); and (ii)&nbsp;instructions for use in effecting the surrender of the Certificates
or Book-Entry Shares in exchange for the Merger Consideration. Upon proper surrender of a Certificate or Book-Entry Share for exchange
and cancellation to LLIT or to such agents as may be appointed by LLIT, together with such letter of transmittal, duly executed,
and any other documents as may be reasonably required, the holder of such Newegg Shares shall be entitled to receive in exchange
therefor the LLIT Exchange Shares together with the Cash Payment, if applicable, to which such holder is entitled to under <U>Section
1.6(b)</U>, and the Newegg Shares formerly represented by such Certificate or Book-Entry Shares shall forthwith be canceled. Until
surrendered as contemplated by this&nbsp;<U>Section&nbsp;1.7</U>, (x) each Certificate or Book-Entry Share shall be deemed at any
time after the Effective Time to represent only the right to receive upon such surrender the LLIT Exchange Shares as contemplated
by&nbsp;<U>Section 1.6(b)</U>&nbsp;and (y) a holder of Newegg Shares shall not receive any dividends or distributions in respect
of any such corresponding LLIT Exchange Shares which they may otherwise be entitled to;&nbsp;<U>provided</U>&nbsp;that once the
Newegg Shares are properly surrendered, the holder shall receive, without interest, any dividends or distributions with a record
date after the Closing Date and payable with respect to such LLIT Exchange Shares, if any, they are entitled to receive.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c) <U>Lost Certificates</U>.
If any Certificate shall have been lost, stolen or destroyed, upon the making of an affidavit of that fact by the person claiming
such Certificate to be lost, stolen or destroyed and, if required by LLIT in its reasonable business judgment, the execution of
an indemnity agreement against any claim that may be made against it with respect to such Certificate, LLIT will issue in exchange
for such lost, stolen or destroyed Certificate the LLIT Exchange Shares to which the holders thereof are entitled pursuant to&nbsp;<U>Section&nbsp;1.6(b)</U>.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d) <U>Form
F-4</U>. LLIT shall issue the LLIT Exchange Shares in exchange for outstanding Newegg Shares as provided in&nbsp;<U>Section 1.6</U>&nbsp;pursuant
to the Merger Registration Statement on the Form F-4 filed under the Securities Act. LLIT and Newegg shall comply with all applicable
provisions of, and rules under, the Securities Act in connection with the offering and issuance of the Merger Consideration, including
the inclusion of the necessary financial statements related to their respective businesses.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 1.8 <U>Closing
of Newegg Transfer Books</U>. At the Effective Time, the stock transfer books of Newegg shall be closed, and no transfer of Newegg
Shares shall thereafter be made on the records of Newegg. If, after the Effective Time, Certificates representing Newegg Shares
are presented to the Surviving Corporation or LLIT, such Certificates shall be canceled and exchanged as provided in this&nbsp;<U>Article
I</U>.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 1.9  <U>Assumption
of Newegg Benefit Plans and Awards</U>.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)   &nbsp;Prior
to Closing, LLIT (acting through the LLIT Special Committee) and Newegg (acting through the Newegg Special Committee) will enter
into a Compensation Plan Agreement (the &ldquo;<U>Compensation Plan Agreement</U>&rdquo;), pursuant to which, among other things,
Newegg will, at the Effective Time, transfer to LLIT, and LLIT will assume, sponsorship of all of the Newegg Benefit Plans (as
defined below) and all of Newegg&rsquo;s rights and obligations thereunder.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)   &nbsp;At
the Effective Time, pursuant to this Agreement and the Compensation Plan Agreement, Newegg will transfer to LLIT, and LLIT will
assume, its rights and obligations under each stock option to purchase or a right to acquire or vest in, each Newegg Share (the
&ldquo;<U>Awards</U>&rdquo;) issued under the Newegg Benefit Plans or granted by Newegg outside of its Benefit Plans that is outstanding
and unexercised, whether vested or unvested, as of immediately prior to the Effective Time. Each of the Awards shall be converted
into a stock option to purchase or a right to acquire or vest in, respectively, such number of LLIT Class A Shares equal to the
LLIT Conversion Ratio, and, for stock options, the exercise price per LLIT Class A Share shall equal the exercise price per Newegg
Share in effect immediately prior to the Effective Time for the Award divided by the LLIT Conversion Ratio, <I>provided that</I>
such exercise price per share for the applicable LLIT Shares will be at least the per share par value of such LLIT Class A Shares
and <I>provided further</I> that any Awards made during the Interim Period (as hereinafter defined) shall have an exercise price
at least equal to the closing price of the LLIT Class A Shares on the date of grant times the LLIT Conversion Ratio. If the aforementioned
conversion would result in the issuance of a fraction of a LLIT Class A Share, in lieu of issuing such fraction of a LLIT Class
A Share, LLIT shall pay to the holder of the Award an amount in cash equal to the LLIT 20 Day VWAP times the amount of such fraction.
For purposes of this Agreement, &ldquo;<U>Newegg Benefit Plans</U>&rdquo; shall mean, collectively, the Benefit Plans listed on
<U>Schedule 4.19</U> of the Newegg Disclosure Schedules (as hereinafter defined) and any and all subplans, appendices or addendums
thereto, and any and all agreements evidencing Awards.  &nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 1.10 <U>Further
Assurances</U>. If at any time after the Effective Time the Surviving Corporation shall consider or be advised that any deeds,
bills of sale, assignments or assurances or any other acts or things are necessary, desirable or proper (a) to vest, perfect or
confirm, of record or otherwise, in the Surviving Corporation its right, title or interest in, to or under any of the rights, privileges,
powers, franchises, properties or assets of either of Merger Sub or Newegg, or (b) otherwise to carry out the purposes of this
Agreement (including cooperating with the filing of future tax returns, as necessary), the Surviving Corporation and its proper
officers and directors or their designees shall be authorized to execute and deliver in the name and on behalf of Merger Sub, and
the individual(s) listed in <U>Schedule 1.10</U>&nbsp;of the Newegg Disclosure Schedules shall be authorized to execute and deliver
in the name and on behalf of Newegg, all such deeds, bills of sale, assignments and assurances and to do, in the name and on behalf
of either Merger Sub or Newegg, all such other acts and things as may be necessary, desirable or proper to vest, perfect or confirm
the Surviving Corporation&rsquo;s right, title or interest in, to or under any of the rights, privileges, powers, franchises, properties
or assets of Merger Sub or Newegg and otherwise to carry out the purposes of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 1.11 <U>Dissenters
Rights</U>. No stockholder of Newegg who has validly exercised its appraisal rights pursuant to Section 262 of the DGCL (a &ldquo;<U>Dissenting
Stockholder</U>&rdquo;) with respect to its Newegg Shares (such shares, &ldquo;<U>Dissenting Shares</U>&rdquo;) shall be entitled
to receive any portion of the LLIT Exchange Shares with respect to the Dissenting Shares owned by such Dissenting Stockholder unless
and until such Dissenting Stockholder shall have effectively withdrawn or lost its appraisal rights under the DGCL. Each Dissenting
Stockholder shall be entitled to receive only the payment resulting from the procedures set forth in Section 262 of the DGCL with
respect to the Dissenting Shares owned by such Dissenting Stockholder. Newegg shall give LLIT prompt notice of any written demands
for appraisal, attempted withdrawals of such demands, and any other instruments served pursuant to applicable Laws that are received
by Newegg relating to any Dissenting Stockholder&rsquo;s rights of appraisal. Newegg shall direct all negotiations and proceedings
with respect to demand for appraisal under the DGCL. Notwithstanding anything to the contrary contained in this Agreement, for
all purposes of this Agreement, the LLIT Exchange Shares shall be reduced by the portion of the LLIT Exchange Shares that would
otherwise be due to any Dissenting Stockholders pursuant to <U>Section 1.6</U> and <U>Section 1.7</U> attributable to any Dissenting
Shares, and the Dissenting Stockholders shall have no rights to any portion of the LLIT Exchange Shares with respect to any Dissenting
Shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 1.12 <U>Escrow</U>.
Within five (5) days after the date of this Agreement, LLIT shall place the Escrow Amount into a U.S. bank account (&ldquo;<U>Escrow
Account</U>&rdquo;) designated by a third party escrow agent to be mutually selected by the Parties (the &ldquo;<U>Escrow Agent</U>&rdquo;)
to be held pursuant to an escrow agreement between the Escrow Agent, LLIT and Newegg in customary form to be reasonably agreed
upon by LLIT and Newegg (the &ldquo;<U>Escrow Agreement</U>&rdquo;). The Escrow Amount shall be held and distributed by the Escrow
Agent in accordance with the terms of the Escrow Agreement<FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP></SUP></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">ARTICLE II<BR>
<BR>
CLOSING<BR>
<BR></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 2.1    &nbsp;<U>Closing</U>.
Unless this Agreement has been terminated pursuant to <U>Article VI</U> below, the closing of the transactions contemplated by
this Agreement (the &ldquo;<U>Closing</U>&rdquo;) and all actions specified in this Agreement to occur at the Closing shall take
place at the offices of Hunter Taubman Fischer &amp; Li LLC, 800 Third Avenue, Suite 2800, New York, NY 10022, no later than the
second Business Day after all the closing conditions to this Agreement have been satisfied or waived at 10:00 a.m. local time,
or at such other date, time or place as the LLIT (acting through the LLIT Special Committee) and Newegg (acting through the Newegg
Special Committee) may agree (the date and time at which the Closing is actually held being, the &ldquo;<U>Closing Date</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">ARTICLE III<BR>
<BR>
REPRESENTATIONS AND WARRANTIES OF LLIT AND MERGER SUB</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Except as set forth
in the disclosure schedules delivered by LLIT and Merger Sub to Newegg on the date hereof (the &ldquo;<U>LLIT Disclosure Schedules</U>&rdquo;),
the Section numbers of which are numbered to correspond to the Section numbers of this Agreement to which they refer, each of LLIT,
LLIT&rsquo;s direct and indirect Subsidiaries (each of the foregoing, a &ldquo;<U>LLIT Subsidiary</U>&rdquo; and collectively,
the &ldquo;<U>LLIT Subsidiaries</U>&rdquo;) and Merger Sub, on a joint and several basis, represents and warrants to Newegg, as
follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 3.1    <U>Due
Incorporation and Good Standing</U>. LLIT is a business company duly incorporated, validly existing under the Laws of the British
Virgin Islands. There are no proceedings pending to dissolve LLIT, and LLIT has taken no action seeking dissolution of LLIT. LLIT
has all requisite corporate power and authority to own, lease and operate its properties and to carry on its business as now being
conducted. Each LLIT Subsidiary, including Merger Sub, is a corporation or other entity duly formed, validly existing and in good
standing under the Laws of its jurisdiction of organization and has all requisite corporate power and authority to own, lease and
operate its properties and to carry on its business as now being conducted. Each of LLIT and the LLIT Subsidiaries (each, a &ldquo;<U>LLIT
Entity</U>&rdquo; and collectively, the &ldquo;<U>LLIT Entities</U>&rdquo;) is duly qualified or licensed and in good standing
to conduct business in each jurisdiction in which it is incorporated or registered and in each other jurisdiction where it does
business or operates to the extent that the character of the property owned, leased or operated by it or the nature of the business
conducted by it makes such qualification or licensing necessary, except for any deviations from any of the foregoing that would
not reasonably be expected to have a Material Adverse Effect on LLIT.&nbsp;<U>Schedule 3.1</U>&nbsp;lists all jurisdictions in
which each LLIT Entity is organized and qualified to conduct business and all names other than its legal name under which any LLIT
Entity does business. LLIT has made available to Newegg accurate and complete copies of Organizational Documents of each of the
LLIT Entities, each as amended to date and as currently in effect. No LLIT Entity is in material violation of any provision of
its Organizational Documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 3.2    <U>Authorization;
Binding Agreement</U>. LLIT and Merger Sub have all requisite corporate power and authority to execute and deliver this Agreement
and each ancillary document to which it is or is required to be a party, to perform LLIT&rsquo;s and Merger Sub&rsquo;s obligations,
and to consummate the transactions contemplated hereby and thereby (such agreements, each, an &ldquo;<U>Ancillary Document</U>&rdquo;,
collectively &ldquo;<U>Ancillary Documents</U>&rdquo;). The execution and delivery of this Agreement and each Ancillary Document
to which it is or is required to be a party and the consummation of the transactions contemplated hereby and thereby have been
duly and validly authorized by the board of directors of LLIT and Merger Sub. No other corporate proceedings on the part of LLIT
or Merger Sub are necessary to authorize the execution and delivery of this Agreement and each Ancillary Document to which it is
a party. No other corporate proceedings on the part of LLIT or Merger Sub are necessary to consummate the transactions contemplated
hereby and thereby, except for obtaining the Required Shareholder Vote. This Agreement has been, and each Ancillary Document to
which LLIT or Merger Sub is or is required to be a party shall be when delivered, duly and validly executed and delivered by LLIT
and Merger Sub, as applicable, and, assuming the due authorization, execution and delivery of this Agreement and such Ancillary
Documents by the other parties hereto and thereto, constitutes, or when delivered shall constitute, the legal, valid and binding
obligation of each LLIT Entity, enforceable against each LLIT Entity in accordance with its terms, except to the extent that enforceability
thereof may be limited by applicable bankruptcy, insolvency, reorganization and moratorium laws and other laws of general application
affecting the enforcement of creditors&rsquo; rights generally or by any applicable statute of limitation or by any valid defense
of set-off or counterclaim, and the fact that equitable remedies or relief (including the remedy of specific performance) are subject
to the discretion of the court from which such relief may be sought (collectively, the &ldquo;<U>Enforceability Exceptions</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 3.3 <U>Governmental Approvals</U>.
No Consent of or with any Governmental Authority, on the part of any LLIT Entity is required to be obtained or made in connection
with the execution, delivery or performance by any LLIT Entity of this Agreement and each Ancillary Document to which it is a
party or the consummation by any LLIT Entity of the transactions contemplated hereby and thereby, other than (a) such filings
as may be required in the British Virgin Islands to effect the amendment of the Memorandum and Articles of Association of LLIT
(including but not limited to changes to the share capital of LLIT), (b) such filings as may be required in any jurisdiction where
such LLIT Entity is qualified or authorized to conduct business as a foreign corporation in order to maintain such qualification
or authorization, (c) such filings as contemplated by this Agreement, (d) any filings required with the NASDAQ Capital Market
(&ldquo;<U>NASDAQ</U>&rdquo;) with respect to the transactions contemplated by this Agreement, (e) applicable requirements, if
any, of the Securities Act, the Securities Exchange Act of 1934, as amended (the &ldquo;<U>Exchange Act</U>&rdquo;), and/or any
state &ldquo;blue sky&rdquo; securities Laws, and the rules and regulations thereunder, and (f) where the failure to obtain or
make such Consents or to make such filings or notifications, would not reasonably be expected to have a Material Adverse Effect
on LLIT as a whole or any LLIT Entity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 3.4    <U>Non-Contravention</U>.
The execution and delivery by LLIT or Merger Sub of this Agreement and each Ancillary Document to which it is a party or otherwise
bound, the consummation by any LLIT Entity of the transactions contemplated hereby and thereby, and compliance by any LLIT Entity
with any of the provisions hereof and thereof, will not (a) conflict with or violate any provision of any LLIT Entity&rsquo;s Organizational
Documents, (b)&nbsp;subject to obtaining the Consents from Governmental Authorities referred to in&nbsp;<U>Section 3.3</U>&nbsp;hereof
and any condition precedent to such Consent or waiver having been satisfied, conflict with or violate any Law, Order or Consent
applicable to any LLIT Entity or any of its properties or assets, or (c) (i) violate, conflict with or result in a breach of, (ii)
constitute a default (or an event which, with notice or lapse of time or both, would constitute a default) under, (iii) result
in the termination, withdrawal, suspension, cancellation or modification of, (iv) accelerate the performance required by any LLIT
Entity under, (v) result in a right of termination or acceleration under, (vi) give rise to any obligation to make payments or
provide compensation under, (vii) result in the creation of any Lien upon any of the properties or assets of any LLIT Entity under,
(viii) give rise to any obligation to obtain any third party consent or provide any notice to any Person or (ix) give any Person
the right to declare a default, exercise any remedy, claim a rebate, chargeback, penalty or change in delivery schedule, accelerate
the maturity or performance, cancel, terminate or modify any right, benefit, obligation or other term under any of the terms, conditions
or provisions of any LLIT Material Contract to which any LLIT Entity is a party or its properties or assets are otherwise bound,
except for any deviations from any of the foregoing clauses (b) or (c) that would not reasonably be expected to have a Material
Adverse Effect on LLIT.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Section 3.5    <U>Capitalization</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)   &nbsp;
LLIT is authorized to issue (i) 6,250,000 common shares, divided into (i) 4,736,111 LLIT Class A Shares and (ii) 1,513,889 LLIT
Class B Shares, each with a par value of $0.021848 (collectively, the &ldquo;<U>LLIT Shares</U>&rdquo;). The issued and outstanding
LLIT Shares as of the date of this Agreement are set forth on&nbsp;<U>Schedule 3.5(a)</U>. All outstanding LLIT Shares are duly
authorized, validly issued, fully paid and non-assessable and not subject to or issued in violation of any purchase option, right
of first refusal, preemptive right, subscription right or any similar right under any provision of the BVI Act, LLIT Memorandum
and Articles of Association, as amended from time to time, or any Contract to which LLIT is a party or by which it or its securities
are bound or, to the Knowledge of LLIT, any other Contract. LLIT holds no shares or other equity interests in or of LLIT in its
treasury. None of the outstanding LLIT Shares have been issued in violation of any applicable securities Laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)   &nbsp;
Except as set forth in <U>Schedule 3.5(b)</U>, LLIT does not have any Subsidiaries, control any variable interest entity (&ldquo;<U>VIE</U>&rdquo;)
or own any equity interests in any other Person. All of the outstanding equity securities of each Subsidiary of LLIT are duly authorized
and validly issued, paid in accordance with the applicable Laws and non-assessable (if applicable), and were offered, sold and
delivered in compliance with all applicable securities Laws, and owned by LLIT or one of its Subsidiaries free and clear of all
Liens (other than those, if any, imposed by such Subsidiary&rsquo;s Organizational Documents, which are set forth in <U>Schedule
3.5(b)</U>). There are no Contracts to which LLIT or any of its Affiliates is a party or bound with respect to the voting (including
voting trusts or proxies) of the shares or other equity interests of any Subsidiary of LLIT other than the Organizational Documents
of any such Subsidiary. There are no outstanding equity appreciation, phantom equity, profit participation or similar rights granted
by any LLIT Entity. Except for the limitations and restrictions imposed under applicable PRC Law regarding LLIT Subsidiaries incorporated
in PRC, no LLIT Entity has any limitation on its ability to make any distributions or dividends to its equity holders, whether
by Contract, Order or applicable Law. LLIT does not own or have any rights to acquire, directly or indirectly, any shares or other
equity interests of any Person (other than any LLIT Subsidiary and 652,174 shares of common stock, par value $0.001 per share,
of Guardion Health Sciences, Inc., a Delaware company (&ldquo;<U>Guardion Shares</U>&rdquo;)). None of LLIT or its Subsidiaries
is a participant in any joint venture, partnership or similar arrangement. Except as set forth in <U>Schedule 3.5(b)</U>, there
are no outstanding material contractual obligations of LLIT or its Subsidiaries to provide funds to, or make any investment (in
the form of a loan, capital contribution or otherwise) in, any other Person (other than loans to customers in the ordinary course
of business).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c) &nbsp; Except as set forth in <U>Schedule 3.5(c)</U>, there
are no (i) outstanding options, warrants, puts, calls, convertible securities, preemptive or similar rights, (ii) bonds, debentures,
notes or other Indebtedness having general voting rights or that are convertible or exchangeable into securities having such rights
or (iii) subscriptions or other rights, agreements, arrangements, Contracts or commitments of any character (A) relating to the
issued or unissued shares, warrants, options, capital stock or equity interests of LLIT or any LLIT Subsidiary, or (B) obligating
LLIT or any LLIT Subsidiary to issue, transfer, deliver, repurchase or sell or cause to be issued, transferred, delivered, sold
or repurchased such shares, stock or equity, or any options or shares or securities convertible into or exchangeable for such
shares, stock or equity, or (C) obligating LLIT or any LLIT Subsidiary to grant, extend or enter into any such option, warrant,
call, subscription or other right, agreement, arrangement or commitment for such shares, stock or equity. Except as set forth
in <U>Schedule 3.5(c)</U>, there are no outstanding obligations of LLIT to repurchase, redeem or otherwise acquire any shares,
stock or equity of LLIT or to provide funds to make any investment (in the form of a loan, capital contribution or otherwise)
in any Person. Except as set forth in <U>Schedule 3.5(c)</U>, there are no shareholders agreements, voting trusts or other agreements
or understandings to which any LLIT Entity is a party, or which is otherwise within the Knowledge of LLIT, with respect to the
voting of any shares of any LLIT Entity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)   &nbsp;
All Indebtedness of LLIT (including each LLIT Subsidiary) is disclosed in <U>Schedule 3.5(d)</U>, except for such Indebtedness
which does not cumulatively exceed $50,000. No Indebtedness of LLIT contains any restriction upon: (i) the prepayment of any of
such Indebtedness, (ii) the incurrence of Indebtedness by LLIT or any LLIT Subsidiary or (iii) the ability of LLIT or any LLIT
Subsidiary to grant any Lien on its properties or assets.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)   &nbsp;
Except as disclosed in the SEC Reports, LLIT has not declared or paid any distribution or dividend in respect of its shares and
has not repurchased, redeemed or otherwise acquired any of its shares, and the LLIT Board has not authorized any of the foregoing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Section 3.6    <U>SEC
Filings and LLIT Financials</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)   &nbsp;
LLIT has filed all forms, reports, schedules, statements, registrations statements, prospectuses and other documents required to
be filed or furnished by LLIT with the SEC under the Securities Act and/or the Exchange Act, together with any amendments, restatements
or supplements thereto from the beginning of the three most recent fiscal years up to the date hereof, except for any deviations
from any of the foregoing that would not reasonably be expected to have a Material Adverse Effect on LLIT. Except to the extent
available on the SEC&rsquo;s web site through EDGAR, LLIT has delivered to Newegg copies in the form filed with the SEC of all
of the following: (i) LLIT&rsquo;s Annual Reports on Form 20-F or on Form 10-K for each fiscal year of LLIT beginning with the
year ended December 31, 2017, (ii) all other forms, reports, registration statements, prospectuses and other documents (other than
preliminary materials) filed by LLIT with the SEC since the beginning of the first fiscal year referred to in clause (i)&nbsp;above
(the forms, reports, registration statements, prospectuses and other documents referred to in clauses (i) and (ii) above, whether
or not available through EDGAR, are, collectively, the &ldquo;<U>SEC Reports</U>&rdquo;) and (iii) all certifications and statements
required by (A) Rules 13a-14 or 15d-14 under the Exchange Act, and (B) 18 U.S.C. &sect;1350 (Section 906 of SOX) with respect to
any report referred to in clause (i) above (collectively, the &ldquo;<U>Public Certifications</U>&rdquo;). The SEC Reports were
prepared in all material respects in accordance with the requirements of the Securities Act and the Exchange Act, as the case may
be, and the rules and regulations thereunder and did not, as of their respective effective dates (in the case of SEC Reports that
are registration statements filed pursuant to the requirements of the Securities Act) and at the time they were filed with the
SEC (in the case of all other SEC Reports) contain any untrue statement of a material fact or omit to state a material fact required
to be stated therein or necessary in order to make the statements made therein, in the light of the circumstances under which they
were made, not misleading. LLIT, as of the date of this Agreement, is not aware of any filed SEC Report that contains any untrue
statement of a material fact or omits to state a material fact required to be stated therein or necessary in order to make the
statements made therein, in the light of the circumstances under which they were made, not misleading. The Public Certifications
are each true as of their respective dates of filing. As used in this&nbsp;<U>Section 3.6</U>, the term &ldquo;file&rdquo; shall
be broadly construed to include any manner permitted by SEC rules and regulations in which a document or information is furnished,
supplied or otherwise made available to the SEC. As of the date of this Agreement, (A) the LLIT Class A Shares are listed on NASDAQ,
(B) LLIT has not received any effective written deficiency notice from NASDAQ relating to the continued listing requirements of
LLIT Shares, (C) there are no Actions pending or, to the Knowledge of LLIT, threatened against LLIT with respect to any intention
by such entity to suspend, prohibit or terminate the quoting of the LLIT Class A Shares on NASDAQ and (D) the LLIT Class A Shares
are in compliance with all of the applicable listing and corporate governance rules of NASDAQ, except in the case of clauses (B),
(C) and (D), as set forth in <U>Schedule 3.6(a)</U>.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)   &nbsp;
The financial statements and notes contained or incorporated by reference in the SEC Reports, as well as the consolidated and unconsolidated
financial statement of LLIT as of and for the six months ended June 30, 2020, fairly present in all material respects the financial
position and the results of operations, changes in shareholders&rsquo; equity and cash flows of LLIT at the respective dates of
and for the periods referred to in such financial statements, all in accordance with (i) GAAP methodologies applied on a consistent
basis throughout the periods involved and (ii) Regulation S-X or Regulation S-K, as applicable (except as may be indicated in the
notes thereto and for the omission of notes and audit adjustments in the case of unaudited financial statements to the extent permitted
by Regulation S-X or Regulation S-K, as applicable). LLIT has provided Newegg with a true and complete copy of the financial statements
and notes contained or incorporated by reference in the SEC Reports, as well as the consolidated and unconsolidated financial statement
of LLIT as of and for the six months ended June 30, 2020 (the &ldquo;<U>LLIT Financials</U>&rdquo;) and the unaudited and unreviewed
financial statements for the eight months ended August 31, 2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)   &nbsp;
Except as and to the extent reflected or reserved against in the LLIT Financials, LLIT has not incurred any Liabilities or obligations
of the type required to be reflected on a balance sheet in accordance with GAAP that is not adequately reflected or reserved on
or provided for in the LLIT Financials.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)   &nbsp;
As of the date hereof, LLIT (exclusive of any LLIT Subsidiary) has an unrestricted cash balance of immediately available funds
of not less than $5,000,000.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 3.7    <U>Absence
of Certain Changes</U>. Since&nbsp;December 31, 2019, other than as disclosed in the SEC Reports filed since December 31, 2019,
LLIT and each LLIT Subsidiary has (a) conducted its business only in the ordinary course of business consistent with past practice,
(b) not been subject to a Material Adverse Effect, other than as stated in <U>Schedule 3.7</U> and (c) has not taken any action
or committed or agreed to take any action that would be prohibited by&nbsp;<U>Section 5.3</U>&nbsp;if such action were taken on
or after the date hereof without the consent of Newegg.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 3.8    <U>Compliance
with Laws</U>. Except as disclosed in <U>Schedule 3.8</U>, LLIT and each LLIT Subsidiary is, and has since its respective date
of formation been, in compliance with all Laws applicable to it by which it or any of its properties, assets, employees, business
or operations are or were bound or affected except for such noncompliance which would not reasonably be expected to have a Material
Adverse Effect on LLIT or any LLIT Subsidiary, and no LLIT Entity has received written notice alleging any violation of applicable
Law in any material respect by LLIT or any LLIT Subsidiary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 3.9    <U>Actions;
Orders; Permits</U>. Except as set forth in <U>Schedule 3.9</U>, there is no (a) Action of any nature pending or, to LLIT&rsquo;s
Knowledge, threatened, nor is there any reasonable basis for any Action to be made, or (b) Order pending now or rendered by a Governmental
Authority, in either case of (a) or (b) by or against LLIT or any LLIT Subsidiary, its current or former directors, officers or
equity holders, which would reasonably be expected to have a Material Adverse Effect on LLIT or LLIT Subsidiaries. None of the
current or former officers, senior management or directors of LLIT or any LLIT Subsidiary have been charged with, indicted for,
arrested for, or convicted of any felony or any crime involving fraud. Each LLIT Entity holds all Permits necessary to lawfully
conduct its business as presently conducted, and to own, lease and operate its assets and properties, all of which are in full
force and effect, except where the failure to hold such Permit or for such Permit to be in full force and effect would not reasonably
be expected to have a Material Adverse Effect on LLIT or any LLIT Subsidiary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 3.10 <U>Taxes and Returns</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)   &nbsp;
Each LLIT Entity has or will have timely filed, or caused to be timely filed, all Tax Returns by it, which Tax Returns are true,
accurate, correct and complete, and has paid, collected or withheld, or caused to be paid, collected or withheld, all Taxes required
to be paid, collected or withheld, other than such Taxes for which adequate reserves in the LLIT Financials have been established
in accordance with GAAP.&nbsp;<U>Schedule 3.10(a)</U>&nbsp;sets forth each jurisdiction where any LLIT Entity files or is required
to file a Tax Return. Each LLIT Entity has complied in all material respects with all applicable Laws relating to Tax. There is
no current pending or, to the Knowledge of a LLIT Entity, threatened Action against such LLIT Entity by a Governmental Authority
in a jurisdiction where such LLIT Entity does not file Tax Returns that it is or may be subject to taxation by that jurisdiction.
There are no audits, examinations, investigations or other proceedings pending, or to the Knowledge of LLIT, threatened Action,
against any LLIT Entity in respect of any Tax, no LLIT Entity has been notified in writing of any proposed Tax claims or assessments
against any LLIT Entity (other than, in each case, claims or assessments for which adequate reserves in the LLIT Financials have
been established in accordance with GAAP or are immaterial in amount). There are no Liens with respect to any Taxes upon any LLIT
Entity&rsquo;s assets, other than Permitted Liens. Each LLIT Entity has collected or withheld all Taxes currently required to be
collected or withheld by it, and all such Taxes have been paid to the appropriate Governmental Authorities or set aside in appropriate
accounts for future payment when due. No LLIT Entity has outstanding waivers or extensions of any applicable statute of limitations
to assess any material amount of Taxes. There are no outstanding requests by any LLIT Entity for any extension of time within which
to file any Tax Return or within which to pay any Taxes shown to be due on any Tax Return.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)   &nbsp;
Since the beginning of the three most recent fiscal years, no LLIT Entity has (i) changed any Tax accounting methods, policies
or procedures except as required by a change in Law or permitted by applicable accounting principles, (ii) made, revoked, or amended
any material Tax election, (iii) filed any amended Tax Returns or claim for refund or (iv) entered into any closing agreement affecting
or otherwise settled or compromised any material Tax Liability or refund.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)   &nbsp;
No LLIT Entity has any Liability for the Taxes of another Person (other than another LLIT Entity) (i) under any applicable Tax
Law, (ii) as a transferee or successor, or (iii) by contract, indemnity or otherwise. No LLIT Entity is a party to or bound by
any Tax indemnity agreement, Tax sharing agreement or Tax allocation agreement or similar agreement, arrangement or practice with
respect to Taxes (including any advance pricing agreement, closing agreement or other agreement relating to Taxes with any Governmental
Authority) that will be binding on LLIT or any LLIT Subsidiary with respect to any period following the Closing Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)   &nbsp;No
LLIT Entity has requested, or is the subject of or bound by any private letter ruling, technical advice memorandum, closing agreement
or similar ruling, memorandum or agreement with any Governmental Authority with respect to any Taxes, nor is any such request outstanding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 3.11
&nbsp;<U>Employees and Employee Benefit Plans</U>. Except as set forth in the SEC Reports, no LLIT Entity maintains, or has any
liability under, any employee benefit plans. The consummation of the transactions contemplated by this Agreement and the Ancillary
Documents will not: (i) entitle any individual to severance pay, unemployment compensation or other benefits or compensation; or
(ii) accelerate the time of payment or vesting, or increase the amount of any compensation due, or in respect of, any individual.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Section 3.12   &nbsp;<U>Properties</U>.
Except as set forth in the SEC Reports, no LLIT Entity owns, licenses or otherwise has any right, title or interest in any material
Intellectual Property. Except as set forth in the SEC Reports, no LLIT Entity owns or leases any material real property or Personal
Property. Each LLIT Entity has good and marketable title to, or a valid leasehold interest in or right to use, all of its assets,
free and clear of all Liens other than (a) Permitted Liens, (b) the rights of lessors under leasehold interests and (c) Liens specifically
identified in the LLIT Financials. The assets (including Intellectual Property rights and contractual rights) of LLIT Entities
constitute all of the assets, rights and properties that are used in the operation of the businesses of the LLIT Entities as it
is now conducted and presently proposed to be conducted, and taken together, are adequate and sufficient for the operation of the
businesses of the LLIT Entities as currently conducted and as presently proposed to be conducted.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 3.13
&nbsp;<U>Material Contracts</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)   &nbsp;
Except as set forth in the SEC Reports, this Agreement or the Ancillary Documents, there are no Contracts to which LLIT or any
other LLIT Entity is a party or by which any of its properties or assets may be bound, subject or affected, which (i) creates or
imposes a Liability greater than $250,000, (ii) may not be cancelled by any LLIT Entity on less than sixty (60) days&rsquo; prior
notice without payment of a material penalty or termination fee, (iii) prohibits, prevents, restricts or impairs in any material
respect any business practice of any LLIT Entity as its business as is currently conducted, any acquisition of material property
by LLIT Entity, or restricts in any material respect the ability of any LLIT Entity from engaging in business as currently conducted
by it or from competing with any other Person, (iv) relates to the purchase, sale or otherwise relates to any LLIT Shares, LLIT
equity interests, or options, warrants or any other Contract which is convertible therefor, or (v) is otherwise material to any
LLIT Entity and not described in clauses (i) through (iv) above (each, a &ldquo;<U>LLIT Material Contract</U>&rdquo;). All LLIT
Material Contracts have been made available to Newegg other than those that are exhibits to the SEC Reports.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)   &nbsp;
With respect to each LLIT Material Contract: (i) the LLIT Material Contract was entered into at arms&rsquo; length; (ii) the LLIT
Material Contract is legal, valid, binding and enforceable in all material respects against the respective LLIT Entity and, to
the Knowledge of LLIT, the other parties thereto, and is in full force and effect (except as such enforcement may be limited by
the Enforceability Exceptions); (iii) each LLIT Entity is not in breach or default in any material respect, and no event has occurred
that with the passage of time or giving of notice or both would constitute such a breach or default in any material respect by
the respective LLIT Entity, or permit termination or acceleration by the other party, under such LLIT Material Contract; (iv) to
the Knowledge of LLIT, no other party to any LLIT Material Contract is in breach or default in any material respect, and no event
has occurred that with the passage of time or giving of notice or both would constitute such a breach or default by such other
party, or permit termination or acceleration by the respective LLIT Entity under any LLIT Material Contract; (v) neither the execution
of this Agreement nor the consummation of the transactions contemplated by this Agreement will affect the validity or enforceability
of any LLIT Material Contract; (vi) no LLIT Entity has received written notice of an intention by any party to any such LLIT Material
Contract that provides for a continuing obligation by any party thereto to terminate such LLIT Material Contract or amend the terms
thereof, other than modifications in the ordinary course of business that do not materially adversely affect any LLIT Entity; and
(vii) no LLIT Entity has waived any rights under any such LLIT Material Contract.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 3.14   <U>Transactions
with Affiliates</U>. <U>Schedule 3.14</U> sets forth the Contracts and arrangements that are in existence as of the date of this
Agreement under which there are any existing or future Liabilities or obligations between LLIT or any other LLIT Entity and any
(a) present or former director, officer or employee or Affiliate of any LLIT Entity, or any family member of any of the foregoing,
or (b) record or beneficial owner of more than ten percent (10%) of the outstanding LLIT Shares as of the date hereof. Except as
set forth in in <U>Schedule 3.14</U>, no LLIT Entity nor any of its Affiliates, nor any officer, director, manager, employee, trustee
or beneficiary of a LLIT Entity or any of its Affiliates, nor any immediate family member of any of the foregoing (whether directly
or indirectly through an Affiliate of such Person) (each of the foregoing with respect to an applicable party, a &ldquo;<U>Related
Person</U>&rdquo;) is presently a party to any transaction with a LLIT Entity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 3.15
&nbsp;<U>Investment Company Act</U>. LLIT is not an &ldquo;investment company&rdquo; or a Person directly or indirectly &ldquo;controlled&rdquo;
by or acting on behalf of an &ldquo;investment company&rdquo;, in each case within the meaning of the Investment Company Act of
1940, as amended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 3.16
&nbsp;<U>Finders and Brokers</U>. Except as contemplated by the Agreement, no broker, finder or investment banker is entitled to
any brokerage, finder&rsquo;s or other fee or commission from LLIT, any LLIT Subsidiary, or any of their respective Affiliates
in connection with the transactions contemplated hereby based upon arrangements made by or on behalf of LLIT.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 3.17 <U>Ownership
of LLIT Exchange Shares</U>. All the LLIT Exchange Shares issued and delivered in accordance with&nbsp;<U>Article I</U>&nbsp;
shall be, upon issuance and delivery of such LLIT Exchange Shares, duly authorized, validly issued, fully paid and
non-assessable, free and clear of all Liens, other than restrictions arising from applicable securities Laws, the Lock-Up
Agreement, Newegg&rsquo;s stockholder agreement (which will be assigned to LLIT) and any Liens incurred by Newegg&rsquo;s
stockholders, and the issuance and delivery of such LLIT Exchange Shares pursuant hereto will not be subject to or give rise
to any preemptive rights or rights of first refusal.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Section 3.18   &nbsp;<U>Certain
Business Practices</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)   &nbsp;
Neither LLIT, nor any LLIT Subsidiary, nor, to the Knowledge of LLIT, any of their Representatives acting on their behalf, has
(i) used any funds for unlawful contributions, gifts, entertainment or other unlawful expenses relating to political activity,
(ii) made any unlawful payment to foreign or domestic government officials or employees, to foreign or domestic political parties
or campaigns or violated any provision of the Foreign Corrupt Practices Act of 1977, (iii) made any other unlawful payment or (iv)
since April 1, 2017, directly or indirectly, given or agreed to give any gift or similar benefit in any material amount to any
customer, supplier, governmental employee or other Person who is or may be in a position to help or hinder LLIT or any LLIT Subsidiary
or assist it in connection with any actual or proposed transaction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)   &nbsp;
The operations of LLIT (including all LLIT Subsidiaries) are and have been conducted at all times in compliance with laundering
statutes in all applicable jurisdictions, the rules and regulations thereunder and any related or similar rules, regulations or
guidelines, issued, administered or enforced by any Governmental Authority, and no Action involving LLIT or any LLIT Subsidiary
with respect to the any of the foregoing is pending or, to the Knowledge of LLIT, threatened.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)   &nbsp;
No LLIT Entity or any of its directors or officers, or, to the Knowledge of LLIT, any other Representative acting on behalf of
any LLIT Entity, is currently identified on the specially designated nationals or other blocked person list or otherwise currently
subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (&ldquo;<U>OFAC</U>&rdquo;),
and no LLIT Entity has, directly or, to the Knowledge of LLIT, indirectly, used any funds, or loaned, contributed or otherwise
made available such funds to any Subsidiary, joint venture partner or other Person, in connection with any sales or operations
in Cuba, Iran, Syria, Sudan, Myanmar or any other country sanctioned by OFAC or for the purpose of financing the activities of
any Person currently subject to, or otherwise in violation of, any U.S. sanctions administered by OFAC in the last five (5) fiscal
years.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 3.19 &nbsp; <U>New
Subsidiaries</U>. Merger Sub was formed on or about September 23, 2020 solely for the purpose of the transactions contemplated
herein. Merger Sub has had no operations or activities prior to the date hereof, other than those activities which are customary
organizational and formation activities. Merger Sub has no assets, liabilities or employees and is not a party to any Contract
except for the Contract under which LLIT acquired the Merger Sub Common Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 3.20 <U>LLIT
After Disposition</U>. Except as set forth in <U>Schedule 3.20</U>, immediately following the closing of the Disposition, LLIT
and its then current Subsidiaries shall (i) have no assets, Indebtedness, Permits, employees or Liabilities, and (ii) not be a
party to, nor will any of their properties or assets be bound, subject to or affected by, any Contract, Order or Action, other
than in each case those which are held by Newegg as of immediately prior to the Closing, shares of Merger Sub, Guardion Shares
and cash.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 3.21 <U>Disclosure</U>.
No representations or warranties by LLIT (including LLIT Subsidiaries) in this Agreement (including the disclosure schedules hereto)
or the Ancillary Documents, and none of the information supplied or to be supplied by LLIT (including any LLIT Subsidiary) in connection
with the transactions contemplated by this Agreement (a) contains or will contain any untrue statement of a material fact, or (b)
omits or will omit to state, when read in conjunction with all of the information contained in this Agreement, the disclosure schedules
hereto and the Ancillary Documents, any fact necessary to make the statements or facts contained therein not materially misleading.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 3.22   <U>Independent
Investigation</U>. LLIT has conducted its own independent investigation, review and analysis of the business, results of operations,
prospects, condition (financial or otherwise) or assets of Newegg and Newegg Subsidiaries, and acknowledges that it has been provided
adequate access to the personnel, properties, assets, premises, books and records, and other documents and data of Newegg and Newegg
Subsidiaries for such purpose. LLIT acknowledges and agrees that: (a) in making its decision to enter into this Agreement and to
consummate the transactions contemplated hereby, it has relied solely upon its own investigation and the express representations
and warranties of Newegg set forth in&nbsp;<U>Article IV</U>&nbsp;and the covenants set forth in <U>Article V</U> (including the
related portions of Newegg Disclosure Schedules); and (b) none of Newegg or its respective Representatives have made any representation
or warranty as to Newegg or any of Newegg&rsquo;s Subsidiaries or this Agreement, except as expressly set forth in&nbsp;<U>Article
IV</U> (including the related portions of the Newegg Disclosure Schedules).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 3.23 <U>No
Disagreement with Accountants</U>. LLIT does not have any disagreements with their accountants on any matters related to the LLIT
Financials.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 3.24 <U>LLIT
Board and Special Committee.</U> The LLIT Board has formed a special committee (the &ldquo;<U>LLIT Special Committee</U>&rdquo;)
comprised solely of disinterested Directors. The LLIT Special Committee, with the advice and assistance of independent legal counsel,
has recommended (subject to the satisfaction of the conditions precedent set forth herein) that the LLIT Board approve this Agreement
and the Merger and all other transactions contemplated hereby. The LLIT Board and the LLIT Special Committee have unanimously recommended
that the LLIT shareholders approve all proposals presented at the Shareholders Meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 3.25 <U>SEC
Filings.</U> All information contained in any of the Registration Statements, other than the Newegg Information (the &ldquo;<U>LLIT
Information</U>&rdquo;), will, at the time such Registration Statement is filed with the SEC, when it becomes effective under the
Securities Act, on the date it is mailed to LLIT shareholders and at the time of the Shareholder Meeting, not contain any untrue
statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statement
therein, in light of the circumstances under which they were made, not misleading. If at any time prior to the Effective Time any
event with respect to LLIT or any LLIT Subsidiaries, or with respect to other LLIT Information shall occur, or if Newegg informs
LLIT of any such event with respect to Newegg, any Newegg Subsidiary or any other Newegg Information, that is required to be described
in an amendment of, or a supplement to, the Registration Statements, LLIT shall cause such event to be so described and such amendment
or supplement shall be promptly filed with the SEC and, as required by Law, disseminated to the LLIT shareholders. No representations
or warranties are made by LLIT with respect to the Newegg Information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">ARTICLE IV<BR>
<BR>
REPRESENTATIONS AND WARRANTIES OF NEWEGG</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Except as set forth
in the disclosure schedules delivered by Newegg to LLIT on the date hereof (the &ldquo;<U>Newegg Disclosure Schedules</U>&rdquo;),
the Section numbers of which are numbered to correspond to the Section numbers of this Agreement to which they refer, each of Newegg
and the Newegg Subsidiaries, on a joint and several basis, represents and warrants to LLIT, as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;<B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.1    <U>Due
Organization and Good Standing</U>. Newegg is a corporation duly organized, validly existing and in good standing under the Laws
of the Delaware and has all requisite power and authority to own, lease and operate its properties and to carry on its business
as now being conducted. Each Subsidiary of Newegg is a corporation or other entity duly formed, validly existing and in good standing
under the Laws of its jurisdiction of organization and has all requisite corporate power and authority to own, lease and operate
its properties and to carry on its business as now being conducted. Each Newegg Subsidiary is duly qualified or licensed and in
good standing in the jurisdiction in which it is incorporated or registered and in each other jurisdiction where it does business
or operates to the extent that the character of the property owned, or leased or operated by it or the nature of the business conducted
by it makes such qualification or licensing necessary, except for any deviations from any of the foregoing that would not reasonably
be expected to have a Material Adverse Effect on Newegg.&nbsp;<U>Schedule 4.1</U>&nbsp;lists all jurisdictions in which any Newegg
Subsidiary is organized and qualified to conduct business and all names other than its legal name under which any Newegg Subsidiary
does business. Newegg has provided to LLIT accurate and complete copies of its Organizational Documents and the Organizational
Documents of each of its Subsidiaries, each as amended to date and as currently in effect. No Newegg Subsidiary is in material
violation of any provision of its Organizational Documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.2    <U>Authorization;
Binding Agreement</U>. Newegg has all requisite corporate power and authority to execute and deliver this Agreement and each Ancillary
Document to which it is or is required to be a party, to perform Newegg&rsquo;s obligations hereunder and thereunder and to consummate
the transactions contemplated hereby and thereby. The execution and delivery of this Agreement and each Ancillary Document to which
Newegg is or is required to be a party and the consummation of the transactions contemplated hereby and thereby, (a) have been
duly and validly authorized by Newegg&rsquo;s board of directors to the extent required by Newegg&rsquo;s Organizational Documents,
any other applicable Law or any Contract to which Newegg or, to the Knowledge of Newegg, any of its shareholders is a party or
by which it or its securities are bound and (b) no other proceedings on the part of Newegg are necessary to authorize the execution
and delivery of this Agreement and each Ancillary Document to which it is a party or to consummate the transactions contemplated
hereby and thereby. This Agreement has been, and each Ancillary Document to which Newegg is or is required to be a party shall
be when delivered, duly and validly executed and delivered by Newegg and assuming the due authorization, execution and delivery
of this Agreement and any such Ancillary Document by the other parties hereto and thereto, constitutes, or when delivered shall
constitute, the legal, valid and binding obligation of Newegg, enforceable against Newegg in accordance with its terms, subject
to the Enforceability Exceptions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.3    <U>Capitalization</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)   &nbsp;
Newegg is authorized to issue 142,000,000 Newegg Class A Shares, 849,159 shares of which are issued and outstanding; 59,000,000
Newegg Class B Shares, 0 shares of which are issued and outstanding; 25,889,968 Newegg Series AA Preferred Shares, 24,870,027 shares
of which are issued and outstanding; and 59,000,000 Newegg Series A Preferred Shares, 36,475,987 shares of which are issued and
outstanding. Newegg Shares to be delivered by the stockholders of Newegg to LLIT at the Closing constitute all of the issued and
outstanding shares and other equity interests in or of Newegg. All of the outstanding shares and other equity interests in or of
Newegg have been duly authorized, are fully paid and non-assessable and not in violation of any purchase option, right of first
refusal, preemptive right, subscription right or any similar right under any provision of the DGCL, any other applicable Law, Newegg
Charter or any Contract to which Newegg is a party or by which it or its securities are bound. Newegg holds no shares or other
equity interests in or of Newegg in its treasury. None of the outstanding shares or other equity interests in or of Newegg were
issued in violation of any applicable securities Laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)   &nbsp;
Except as set forth in <U>Schedule 4.3(b)</U>, there are no options, warrants or other rights to subscribe for or purchase any
shares or other equity interests in or of Newegg or securities convertible into or exchangeable for, or that otherwise confer on
the holder any right to acquire any shares or other equity interests in or of Newegg, or preemptive rights or rights of first refusal
or first offer, nor are there any Contracts, commitments, arrangements or restrictions to which Newegg or any of its shareholders
is a party or bound relating to any equity securities of Newegg, whether or not outstanding. There are no outstanding or authorized
equity appreciation, phantom equity or similar rights with respect to Newegg. There are no voting trusts, proxies, shareholder
agreements or any other agreements or understandings with respect to the voting of Newegg&rsquo;s shares or other equity interests.
There are no outstanding contractual obligations of Newegg to repurchase, redeem or otherwise acquire any shares or other equity
interests or securities in or of Newegg, nor has Newegg granted any registration rights to any Person with respect to Newegg&rsquo;s
equity securities. All of Newegg&rsquo;s securities have been granted, offered, sold and issued in compliance with all applicable
securities Laws. As a result of the consummation of the transactions contemplated by this Agreement, no shares or other equity
interests in or of Newegg are issuable and no rights in connection with any interests, warrants, rights, options or other securities
of Newegg accelerate or otherwise become triggered (whether as to vesting, exercisability, convertibility or otherwise).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c) &nbsp; Except as set forth in Schedule 4.3(c), Newegg has
not declared or paid any distribution or dividend in respect of its shares or other equity interests and has not repurchased,
redeemed or otherwise acquired any shares or other equity interests in or of Newegg, and the board of directors of Newegg has
not authorized any of the foregoing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.4    <U>Subsidiaries</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)    <U>Schedule
4.4(a)</U>&nbsp;sets forth the name of each Subsidiary of Newegg, and with respect to each Subsidiary (a) its jurisdiction of organization
and (b) its Tax election to be treated as a corporate or a disregarded entity under the Code and any state or applicable non-U.S.
Tax laws, if any. All of the outstanding equity securities of each Subsidiary of Newegg are duly authorized and validly issued,
fully paid and non-assessable (if applicable), and were offered, sold and delivered in compliance with all applicable securities
Laws, and owned by Newegg or one of its Subsidiaries free and clear of all Liens (other than those, if any, imposed by such Subsidiary&rsquo;s
Organizational Documents). There are no Contracts to which Newegg or any of its Affiliates is a party or bound with respect to
the voting (including voting trusts or proxies) of the shares or other equity interests of any Subsidiary of Newegg other than
the Organizational Documents of any such Subsidiary or as otherwise disclosed in the Newegg Disclosure Schedules. There are no
outstanding or authorized options, warrants, rights, agreements, subscriptions, convertible securities or commitments to which
any Subsidiary of Newegg is a party or which are binding upon any Subsidiary of Newegg providing for the issuance or redemption
of any shares or other equity interests in or of any Subsidiary of Newegg except as otherwise disclosed in the Newegg Disclosure
Schedules. There are no outstanding equity appreciation, phantom equity, profit participation or similar rights granted by any
Subsidiary of Newegg. No Subsidiary of Newegg has any limitation on its ability to make any distributions or dividends to its equity
holders, whether by Contract, Order or applicable Law. Newegg does not own or have any rights to acquire, directly or indirectly,
any shares or other equity interests of any Person. None of Newegg or its Subsidiaries is a participant in any joint venture, partnership
or similar arrangement. There are no outstanding material contractual obligations of Newegg or its Subsidiaries to provide funds
to, or make any investment (in the form of a loan, capital contribution or otherwise) in, any other Person (other than loans to
customers in the ordinary course of business).&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.5    <U>Governmental
Approvals</U>. No Consent of or with any Governmental Authority on the part of any Newegg Subsidiary is required to be obtained
or made in connection with the execution, delivery or performance by Newegg of this Agreement or any Ancillary Documents to which
it is a party or the consummation by Newegg of the transactions contemplated hereby or thereby other than (a) such filings as contemplated
by this Agreement and (b) where the failure to obtain or make such Consents or to make such filings or notifications, would not
reasonably be expected to have a Material Adverse Effect on Newegg.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.6    <U>Non-Contravention</U>.
The execution and delivery by Newegg (or any other Newegg Subsidiary, as applicable) of this Agreement and each Ancillary Document
to which any Newegg Subsidiary is a party or otherwise bound, and the consummation by any Newegg Subsidiary of the transactions
contemplated hereby and thereby and compliance by any Newegg Subsidiary with any of the provisions hereof and thereof, will not
(a) conflict with or violate any provision of any Newegg Subsidiary&rsquo;s Organizational Documents, (b) subject to obtaining
the Consents from Governmental Authorities referred to in&nbsp;<U>Section 4.5</U>&nbsp;hereof, and any condition precedent to such
Consent or waiver having been satisfied, conflict with or violate any Law, Order or Consent applicable to any Newegg Subsidiary
or any of their properties or assets, or (c) (i) violate, conflict with or result in a breach of, (ii) constitute a default (or
an event which, with notice or lapse of time or both, would constitute a default) under, (iii) result in the termination, withdrawal,
suspension, cancellation or modification of, (iv) accelerate the performance required by any Newegg Subsidiary under, (v) result
in a right of termination or acceleration under, (vi) give rise to any obligation to make payments or provide compensation under,
(vii) result in the creation of any Lien upon any of the properties or assets of any Newegg Subsidiary under, (viii) give rise
to any obligation to obtain any third party consent or provide any notice to any Person or (ix) give any Person the right to declare
a default, exercise any remedy, claim a rebate, chargeback, penalty or change in delivery schedule, accelerate the maturity or
performance, cancel, terminate or modify any right, benefit, obligation or other term under, any of the terms, conditions or provisions
of, any Newegg Material Contract, except for any deviations from any of the foregoing clauses that would not reasonably be expected
to have a Material Adverse Effect on Newegg.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.7    <U>Financial
Statements</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)   &nbsp;
As used herein, the term &ldquo;<U>Newegg&nbsp;Financials</U>&rdquo; means the (i) audited consolidated financial statements of
the Newegg Subsidiaries (including, in each case, any related notes thereto), consisting of the consolidated balance sheets of
the Newegg Subsidiaries as of December 31, 2019 and 2018, and the related consolidated audited income statements, changes in shareholder
equity and statements of cash flows for the three years ended on December 31, 2019. Newegg Financials (i) accurately reflect the
books and records of the Newegg Subsidiaries as of the times and for the periods referred to therein, (ii) were prepared in accordance
with GAAP, consistently applied throughout and among the periods involved (except that the unaudited statements exclude the footnote
disclosures and other presentation items required for GAAP and exclude year-end adjustments which will not be material in amount),
and (iii) fairly present in all material respects the financial position of the Newegg Subsidiaries as of the respective dates
thereof and the results of the operations and cash flows of the Newegg Subsidiaries for the periods indicated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)   &nbsp;
Each Newegg Subsidiary maintains accurate books and records reflecting its assets and Liabilities in all material respects and
maintains proper and adequate internal accounting controls that provide reasonable assurance that (i) such Newegg Subsidiary does
not maintain any off-the-book accounts and that such Newegg Subsidiary&rsquo;s assets are used only in accordance with the Newegg
Subsidiary&rsquo;s management directives, (ii) transactions are executed with management&rsquo;s authorization, (iii) transactions
are recorded as necessary to permit preparation of the financial statements of such Newegg Subsidiary and to maintain accountability
for such Newegg Subsidiary&rsquo;s assets, (iv) access to such Newegg Subsidiary&rsquo;s assets is permitted only in accordance
with management&rsquo;s authorization, (v) the reporting of such Newegg Subsidiary&rsquo;s assets is compared with existing assets
at regular intervals and verified for actual amounts and (vi) accounts, notes and other receivables are recorded accurately, and
proper and adequate procedures are implemented to effect the collection of accounts, notes and other receivables on a current and
timely basis. No Newegg Subsidiary has been subject to or involved in any fraud that involves management or other employees who
have a significant role in the internal controls over financial reporting of Newegg and its Subsidiaries. Since April 1, 2017,
neither Newegg or its Representatives has received any written complaint, allegation, assertion or claim regarding the accounting
or auditing practices, procedures, methodologies or methods of any Newegg Subsidiary or its internal accounting controls, including
any material written complaint, allegation, assertion or claim that any Newegg Subsidiary has engaged in questionable accounting
or auditing practices.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c) &nbsp; No Newegg Subsidiary has ever been subject to the
reporting requirements of Sections 13(a) and 15(d) of the Exchange Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)   &nbsp;
All material Indebtedness of the Newegg Subsidiaries is disclosed in the financial statements and related notes previously delivered
to LLIT. No material Indebtedness of any Newegg Subsidiary contains any restriction upon (i) the prepayment of any of such Indebtedness,
(ii) the incurrence of Indebtedness by any Newegg Subsidiary, or (iii) the ability of the Newegg Subsidiaries to grant any Lien
on their respective properties or assets.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)   &nbsp;
No Newegg Subsidiary is subject to any Liabilities or obligations (whether or not required to be reflected on a balance sheet prepared
in accordance with GAAP), except for those that are either (i) adequately reflected or reserved on or provided for in the consolidated
balance sheet of Newegg and its Subsidiaries as of date of Newegg Financials or (ii) not material and that were incurred after
the date of the most recent audited Newegg Financials in the ordinary course of business consistent with past practice (other than
Liabilities for breach of any Contract or violation of any Law).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(f)   &nbsp;
All financial projections with respect to the Newegg Subsidiaries that were delivered by or on behalf of Newegg to LLIT or its
Representatives were prepared in good faith using assumptions that Newegg believes to be reasonable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.8    <U>Absence
of Certain Changes</U>. Since&nbsp;the date of the most recent audited Newegg Financials, each Newegg Subsidiary has (a) conducted
its business only in the ordinary course of business consistent with past practice, (b) not been subject to a Material Adverse
Effect and (c) has not taken any action or committed or agreed to take any action that would be prohibited by&nbsp;<U>Section 5.2(b)</U>&nbsp;if
such action were taken on or after the date hereof without the consent of LLIT other than such action as contemplated by this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.9    <U>Compliance
with Laws</U>. No Newegg Subsidiary is or has been in material conflict or non-compliance with, or in material default or violation
of, nor has any Newegg Subsidiary received, since April 1, 2017, any written or, to the Knowledge of Newegg, oral notice of any
material conflict or non-compliance with, or material default or violation of, any applicable Laws by which it or any of its properties,
assets, employees, business or operations are or were bound or affected, except for such conflict, noncompliance, default or violation
which would not reasonably be expected to have a Material Adverse Effect on Newegg.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.10
&nbsp;<U>Newegg Permits</U>. Each Newegg Subsidiary (and its employees who are legally required to be licensed by a Governmental
Authority in order to perform his or her duties with respect to his or her employment with any Newegg Subsidiary), holds all Permits
necessary to lawfully conduct in all material respects its business as presently conducted and as currently contemplated to be
conducted, and to own, lease and operate its assets and properties (collectively, the &ldquo;<U>Newegg&nbsp;Permits</U>&rdquo;).
Newegg has made available to LLIT true, correct and complete copies of all material Newegg Permits. All of Newegg Permits are in
full force and effect, and no suspension or cancellation of any of Newegg Permits is pending or, to Newegg&rsquo;s Knowledge, threatened,
except where the failure to hold such Permit or for such Permit to be in full force and effect would not reasonably be expected
to have a Material Adverse Effect on Newegg. No Newegg Subsidiary is in violation in any material respect of the terms of any Newegg
Permit.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.11
&nbsp;<U>Litigation</U>. Except as set forth in <U>Schedule 4.11</U>, there is no (a) material Action of any nature pending or,
to Newegg&rsquo;s Knowledge, threatened, nor is there any reasonable basis for any Action to be made, or (b) Order pending now
or rendered by a Governmental Authority since April 1, 2017, in either case of (a) or (b) by or against any Newegg Subsidiary,
its current or former directors, officers or equity holders, which would reasonably be expected to have a Material Adverse Effect
on Newegg. Except as set forth in <U>Schedule 4.11</U>, since April 1, 2017, none of the current or former officers, senior management
or directors of any Newegg Subsidiary have been charged with, indicted for, arrested for, or convicted of any felony or any crime
involving fraud.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Section 4.12   &nbsp;<U>Material
Contracts</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)    <U>Schedule
4.12(a)</U>&nbsp;sets forth a true, correct and complete list of, and Newegg has made available to LLIT (including written summaries
of oral Contracts), true, correct and complete copies of, each Contract to which any Newegg Subsidiary is a party or by which any
Newegg Subsidiary, or any of its properties or assets are bound or affected, which (i) creates or imposes a Liability greater than
$250,000, (ii) may not be cancelled by a Newegg Subsidiary on less than sixty (60) days&rsquo; prior notice without payment of
a material penalty or termination fee or (iii) prohibits, prevents, restricts or impairs in any material respect any business practice
of a Newegg Subsidiary as its business as is currently conducted (each contract required to be set forth on&nbsp;<U>Schedule 4.12(a)</U>,
a &ldquo;<U>Newegg Material Contract</U>&rdquo;) that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)   &nbsp;
contains covenants that limit the ability of any Newegg Subsidiary (A) to compete in any line of business or with any Person or
in any geographic area or to sell, or provide any service or product or solicit any Person, including any non-competition covenants,
employee and customer non-solicit covenants, exclusivity restrictions, rights of first refusal or most-favored pricing clauses
or (B) to purchase or acquire an interest in any other Person;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)   &nbsp;
involves any joint venture, profit-sharing, partnership, limited liability company or other similar agreement or arrangement relating
to the formation, creation, operation, management or control of any partnership or joint venture;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iii)   &nbsp;
involves any exchange traded, over the counter or other swap, cap, floor, collar, futures contract, forward contract, option or
other derivative financial instrument or Contract, based on any commodity, security, instrument, asset, rate or index of any kind
or nature whatsoever, whether tangible or intangible, including currencies, interest rates, foreign currency and indices;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iv)   &nbsp;
evidences Indebtedness (whether incurred, assumed, guaranteed or secured by any asset) of any Newegg Subsidiary having an outstanding
principal amount in excess of $250,000;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(v)   &nbsp;
involves the acquisition or disposition, directly or indirectly (by merger or otherwise), of assets with an aggregate value in
excess of $250,000 (other than in the ordinary course of business consistent with past practice) or shares or other equity interests
in or of another Person;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(vi)
&nbsp;relates to any merger, consolidation or other business combination with any other Person or the acquisition or disposition
of any other entity or its business or material assets or the sale of any Newegg Subsidiary, its business or material assets;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(vii) &nbsp;
&nbsp;by its terms, individually or with all related Contracts, calls for aggregate payments or receipts by the Newegg Subsidiaries
under such Contract or Contracts of more than $250,000 in the aggregate;</P>

<P STYLE="text-indent: 0.25in; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(viii) &nbsp;
obligates the Newegg Subsidiaries to provide continuing indemnification or a guarantee of obligations of a third party after the
date hereof in excess of $250,000;</P>

<P STYLE="text-indent: 0.25in; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ix)   &nbsp;
is between any Newegg Subsidiary and any Top Customer or Top Supplier (other than in the ordinary course of business);</P>

<P STYLE="text-indent: 0.25in; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(x)   &nbsp;
is between any Newegg Subsidiary and any directors, officers or employees of a Newegg Subsidiary (other than at-will employment
arrangements with employees entered into in the ordinary course of business consistent with past practice), including all non-competition,
severance and indemnification agreements, or any Related Person;</P>

<P STYLE="text-indent: 0.25in; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xi)   &nbsp;
obligates the Newegg Subsidiaries to make any capital commitment or expenditure in excess of $250,000 (including pursuant to any
joint venture);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="text-indent: 0.25in; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xii)   &nbsp;
relates to a material settlement entered into within three (3) years prior to the date of this Agreement or under which any Newegg
Subsidiary has outstanding obligations (other than customary confidentiality obligations or in the ordinary course of business);</P>

<P STYLE="text-indent: 0.25in; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xiii)   &nbsp;
provides another Person (other than another Newegg Subsidiary or any manager, director or officer of any Newegg Subsidiary) with
a power of attorney;</P>

<P STYLE="text-indent: 0.25in; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xiv)   &nbsp;
relates to the development, ownership, licensing or use of any Intellectual Property by, to or from any Newegg Subsidiary, other
than Off-the-Shelf Software Agreements; or</P>

<P STYLE="text-indent: 0.25in; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xv)   &nbsp;
is otherwise material to any Newegg Subsidiary and not described in clauses (i) through (xiv) above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)   &nbsp;
With respect to each Newegg Material Contract: (i) such Newegg Material Contract is valid and binding and enforceable in all material
respects against the Newegg Subsidiary party thereto (subject to the Enforceability Exceptions) and, to the Knowledge of Newegg,
each other party thereto, and is in full force and effect (except as such enforcement may be limited by the Enforceability Exceptions);
(ii) neither the execution of this Agreement nor the consummation of the transactions contemplated by this Agreement will affect
the validity or enforceability of any Newegg Material Contract in any material respect; (iii) no Newegg Subsidiary is in breach
or default in any material respect, and no event has occurred that with the passage of time or giving of notice or both would constitute
a breach or default in any material respect by any Newegg Subsidiary, or permit termination or acceleration by the other party
thereto, under such Newegg Material Contract; (iv) to the Knowledge of Newegg, no other party to such Newegg Material Contract
is in breach or default in any material respect, and no event has occurred that with the passage of time or giving of notice or
both would constitute such a breach or default by such other party in any material respect, or permit termination or acceleration
by any Newegg Subsidiary, under such Newegg Material Contract; (v) no Newegg Subsidiary has received written or, to the Knowledge
of Newegg, oral notice of an intention by any party to any such Newegg Material Contract that provides for a continuing obligation
by any party thereto to terminate such Newegg Material Contract or amend the terms thereof, other than modifications in the ordinary
course of business that do not materially adversely affect any Newegg Subsidiary; and (vi) no Newegg Subsidiary has waived any
material rights under any such Newegg Material Contract.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Section 4.13   <U>Intellectual
Property</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)    <U>Schedule
4.13(a)(i)</U>&nbsp;sets forth: (i) all Patents, Trademarks, Internet Assets and Copyrights owned or licensed by a Newegg Subsidiary
or otherwise used or held for use by a Newegg Subsidiary in which a Newegg Subsidiary is the owner, applicant or assignee (&ldquo;<U>Newegg
Registered IP</U>&rdquo;), specifying as to each item, as applicable: (A) the nature of the item, including the title, (B) the
owner of the item, (C) the jurisdictions in which the item is issued or registered or in which an application for issuance or registration
has been filed and (D) the issuance, registration or application numbers and dates; and (ii) all material unregistered Intellectual
Property owned or purported to be owned by a Newegg Subsidiary.&nbsp;<U>Schedule 4.13(a)(ii)</U>&nbsp;sets forth all licenses,
sublicenses and other agreements or permissions (&ldquo;<U>Newegg IP Licenses</U>&rdquo;) (other than &ldquo;shrink wrap,&rdquo;
&ldquo;click wrap,&rdquo; and &ldquo;off the shelf&rdquo; software agreements and other agreements for Software commercially available
on reasonable terms to the public generally with license, maintenance, support and other fees of less than $5,000 per year (collectively,
&ldquo;<U>Off-the-Shelf Software Agreements</U>&rdquo;), which are not required to be listed, although such licenses are &ldquo;Newegg
IP Licenses&rdquo; as that term is used herein), under which a Newegg Subsidiary is a licensee or otherwise is authorized to use
or practice any Intellectual Property, and describes (A) the applicable Intellectual Property licensed, sublicensed or used and
(B) any royalties, license fees or other compensation due from a Newegg Subsidiary, if any. Each Newegg Subsidiary owns, free and
clear of all Liens (other than Permitted Liens), has valid and enforceable rights in, and has the unrestricted right to use, sell,
license, transfer or assign, all Intellectual Property currently used, licensed or held for use by such Newegg Subsidiary, and
previously used or licensed by such Newegg Subsidiary, except for the Intellectual Property that is the subject of Newegg IP Licenses.
For each Patent and Patent application in Newegg Registered IP, the Newegg Subsidiaries have obtained valid assignments of inventions
from each inventor. Except as set forth on&nbsp;<U>Schedule 4.13(a)(iii)</U>, all Newegg Registered IP is owned exclusively by
the applicable Newegg Subsidiary without obligation to pay royalties, licensing fees or other fees, or otherwise account to any
third party with respect to such Newegg Registered IP.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b) &nbsp; Each Newegg Subsidiary has a valid and enforceable
license to use all Intellectual Property that is the subject of Newegg IP Licenses applicable to such Newegg Subsidiary. Newegg
IP Licenses include all of the licenses, sublicenses and other agreements or permissions necessary to operate the Newegg Subsidiaries
as presently conducted. Each Newegg Subsidiary has performed all obligations imposed on it in Newegg IP Licenses, has made all
payments required to date, and such Newegg Subsidiary is not, nor, to the Knowledge of Newegg, is any other party thereto, in
breach or default thereunder, nor has any event occurred that with notice or lapse of time or both would constitute a default
thereunder, except that any breach or default would not reasonably be expected to have a Material Adverse Effect on Newegg. The
continued use by the Newegg Subsidiaries of the Intellectual Property that is the subject of Newegg IP Licenses in the same manner
that it is currently being used is not restricted by any applicable license of any Newegg Subsidiary. All registrations for Copyrights,
Patents and Trademarks that are owned by or exclusively licensed to any Newegg Subsidiary are valid and in force, and all applications
to register any Copyrights, Patents and Trademarks are pending and in good standing, all without challenge of any kind. No Newegg
Subsidiary is party to any Contract that requires a Newegg Subsidiary to assign to any Person all of its rights in any Intellectual
Property developed by a Newegg Subsidiary under such Contract.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)    <U>Schedule
4.13(c)</U>&nbsp;sets forth all licenses, sublicenses and other agreements or permissions under which a Newegg Subsidiary is the
licensor (each, an &ldquo;<U>Outbound IP License</U>&rdquo;), and for each such Outbound IP License, describes (i) the applicable
Intellectual Property licensed, (ii) the licensee under such Outbound IP License, and (iii) any royalties, license fees or other
compensation due to a Newegg Subsidiary, if any. Each Newegg Subsidiary has performed all obligations imposed on it in the Outbound
IP Licenses, and such Newegg Subsidiary is not, nor, to the Knowledge of Newegg, is any other party thereto, in breach or default
thereunder, nor has any event occurred that with notice or lapse of time or both would constitute a default thereunder, except
that any breach or default would not reasonably be expected to have a Material Adverse Effect on Newegg.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)   &nbsp;
No Action is pending or, to Newegg&rsquo;s Knowledge, threatened that challenges the validity, enforceability, ownership, or right
to use, sell, license or sublicense any Intellectual Property currently licensed, used or held for use by the Newegg Subsidiaries
in any material respect. No Newegg Subsidiary has received any written or, to the Knowledge of Newegg, oral notice or claim asserting
or suggesting that any infringement, misappropriation, violation, dilution or unauthorized use of the Intellectual Property of
any other Person is or may be occurring or has or may have occurred, as a consequence of the business activities of any Newegg
Subsidiary, nor to the Knowledge of Newegg is there a reasonable basis therefor. There are no Orders to which any Newegg Subsidiary
is a party or its otherwise bound that (i) restrict the rights of a Newegg Subsidiary to use, transfer, license or enforce any
Intellectual Property owned by a Newegg Subsidiary, (ii) restrict the conduct of the business of a Newegg Subsidiary in order to
accommodate a third Person&rsquo;s Intellectual Property, or (iii) grant any third Person any right with respect to any Intellectual
Property owned by a Newegg Subsidiary. No Newegg Subsidiary is currently infringing, or has, in the past, infringed, misappropriated
or violated any Intellectual Property of any other Person in any material respect in connection with the ownership, use or license
of any Intellectual Property owned or purported to be owned by a Newegg Subsidiary or, to the Knowledge of Newegg, otherwise in
connection with the conduct of the respective businesses of the Newegg Subsidiaries. To Newegg&rsquo;s Knowledge, no third party
is infringing upon, has misappropriated or is otherwise violating any Intellectual Property owned, licensed by, licensed to, or
otherwise used or held for use by any Newegg Subsidiary (&ldquo;<U>Newegg IP</U>&rdquo;) in any material respect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)   &nbsp;
All employees and independent contractors of a Newegg Subsidiary have assigned to the Newegg Subsidiaries all Intellectual Property
arising from the services performed for a Newegg Subsidiary by such Persons. No current or former officers, employees or independent
contractors of a Newegg Subsidiary have claimed any ownership interest in any Intellectual Property owned by a Newegg Subsidiary.
To the Knowledge of Newegg, there has been no violation of a Newegg Subsidiary&rsquo;s policies or practices related to protection
of Newegg Intellectual Property or any confidentiality or nondisclosure Contract relating to the Intellectual Property owned by
a Newegg Subsidiary, except for any violation that would not reasonably be expected to have a Material Adverse Effect on Newegg.
Newegg has provided LLIT with true and complete copies of all written Contracts referenced in subsections under which employees
and independent contractors assigned their Intellectual Property to a Newegg Subsidiary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(f) &nbsp; To the Knowledge of Newegg, no Person has obtained
unauthorized access to third party information and data in the possession of a Newegg Subsidiary, nor has there been any other
compromise of the security, confidentiality or integrity of such information or data. Each Newegg Subsidiary has complied in all
material respects with all applicable Laws relating to privacy, personal data protection, and the collection, processing and use
of personal information and its own privacy policies and guidelines. The operation of the business of the Newegg Subsidiaries
has not and does not materially violate any right to privacy or publicity of any third person, or constitute unfair competition
or trade practices under applicable Law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(g)   &nbsp;
The consummation of any of the transactions contemplated by this Agreement will neither violate nor by their terms result in the
material breach, material modification, cancellation, termination, suspension of, or acceleration of any payments with respect
to, or release of source code because of (i) any Contract providing for the license or other use of Intellectual Property owned
by a Newegg Subsidiary, or (ii) any Newegg IP License. Following the Closing, Newegg shall be permitted to exercise, directly or
indirectly through its Subsidiaries, all of the Newegg Subsidiaries&rsquo; rights under such Contracts or IP Licenses described
in the previous sentence to the same extent that the Newegg Subsidiaries would have been able to exercise had the transactions
contemplated by this Agreement not occurred, without the payment of any additional amounts or consideration other than ongoing
fees, royalties or payments which the Newegg Subsidiaries would otherwise be required to pay in the absence of such transactions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Section 4.14   <U>Taxes
and Returns</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)   &nbsp;
Each Newegg Subsidiary has or will have timely filed, or caused to be timely filed, all Tax Returns and reports required to be
filed by it (taking into account all available extensions), which Tax Returns are true, accurate, correct and complete in all material
respects, and has paid, collected or withheld, or caused to be paid, collected or withheld, all Taxes required to be paid, collected
or withheld, other than such Taxes for which adequate reserves in Newegg Financials have been established in accordance with GAAP. <U>Schedule
4.14(a)</U>&nbsp;sets forth each jurisdiction in which each Newegg Subsidiary files or is required to file a Tax Return. Each Newegg
Subsidiary has complied in all material respects with all applicable Laws relating to Tax.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)   &nbsp;
Except as set forth in <U>Schedule 4.14(b)</U>, there is no current pending or, to the Knowledge of Newegg, threatened Action against
a Newegg Subsidiary by a Governmental Authority in a jurisdiction where the Newegg Subsidiary does not file Tax Returns that it
is or may be subject to taxation by that jurisdiction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)   &nbsp;
Except as set forth in <U>Schedule 4.14(c),</U> no Newegg Subsidiary is being audited by any Tax authority or has been notified
in writing or, to the Knowledge of Newegg, orally by any Tax authority that any such audit is contemplated or pending. Except as
set forth in <U>Schedule 4.14(c)</U>,<U>t</U>here are no claims, assessments, audits, examinations, investigations or other Actions
pending against a Newegg Subsidiary in respect of any Tax, and no Newegg Subsidiary has been notified in writing of any proposed
Tax claims or assessments against it (other than, in each case, claims or assessments for which adequate reserves in Newegg Financials
have been established or are immaterial in amount).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)   &nbsp;
There are no Liens with respect to any Taxes upon any Newegg Subsidiary&rsquo;s assets, other than Permitted Liens.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)   &nbsp;
Each Newegg Subsidiary has collected or withheld all Taxes currently required to be collected or withheld by it, and all such Taxes
have been paid to the appropriate Governmental Authorities or set aside in appropriate accounts for future payment when due.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(f)   &nbsp;
Except as set forth in <U>Schedule 4.14(f)</U>, no Newegg Subsidiary has any outstanding waivers or extensions of any applicable
statute of limitations to assess any amount of Taxes. There are no outstanding requests by a Newegg Subsidiary for any extension
of time within which to file any Tax Return or within which to pay any Taxes shown to be due on any Tax Return.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(g)   &nbsp;
Except as set forth in <U>Schedule 4.14(g)</U>, no Newegg Subsidiary has made any change in accounting method or received a ruling
from, or signed an agreement with, any taxing authority that would reasonably be expected to have a material impact on its Taxes
following the Closing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(h) &nbsp; No Newegg Subsidiary has any Liability for the Taxes
of another Person (other than another Newegg Subsidiary) (i) under any applicable Tax Law, (ii) as a transferee or successor,
or (iii) by contract, indemnity or otherwise. No Newegg Subsidiary is a party to or bound by any Tax indemnity agreement, Tax
sharing agreement or Tax allocation agreement or similar agreement, arrangement or practice with respect to Taxes (including advance
pricing agreement, closing agreement or other agreement relating to Taxes with any Governmental Authority) that will be binding
on Newegg or its Subsidiaries with respect to any period following the Closing Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(i)   &nbsp;
No Newegg Subsidiary has requested, or is the subject of or bound by any private letter ruling, technical advice memorandum, closing
agreement or similar ruling, memorandum or agreement with any Governmental Authority with respect to any Taxes, nor is any such
request outstanding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.15   <U>Real
Property</U>.&nbsp; <U>Schedule 4.15</U>&nbsp;contains a complete and accurate list of all premises currently leased or subleased
or otherwise used or occupied by a Newegg Subsidiary for the operation of the business of a Newegg Subsidiary, and of all current
leases, lease guarantees, agreements and documents related thereto, including all amendments, terminations and modifications thereof
or waivers thereto (collectively, the &ldquo;<U>Newegg Real Property&nbsp;Leases</U>&rdquo;), as well as the current annual rent
and term under each Newegg Real Property Lease. Newegg has provided to LLIT a true and complete copy of each of Newegg Real Property
Leases, and in the case of any oral Newegg Real Property Lease, a written summary of the material terms of such Newegg Real Property
Lease. Newegg Real Property Leases are valid, binding and enforceable in accordance with their terms and are in full force and
effect. To the Knowledge of Newegg, no event has occurred which (whether with or without notice, lapse of time or both or the happening
or occurrence of any other event) would constitute a material default on the part of a Newegg Subsidiary or any other party under
any of Newegg Real Property Leases, and no Newegg Subsidiary has received notice of any such condition. No Newegg Subsidiary owns
or has ever owned any real property or any interest in real property (other than the leasehold interests in Newegg Real Property
Leases).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.16
&nbsp;<U>Personal Property</U>. Each item of Personal Property which is currently owned, used or leased by a Newegg Subsidiary
with a book value or fair market value of greater than Fifty Thousand Dollars ($50,000) is set forth on&nbsp;<U>Schedule 4.16</U>,
along with, to the extent applicable, a list of lease agreements and lease guarantees related thereto, including all amendments,
terminations and modifications thereof or waivers thereto (&ldquo;<U>Newegg Personal Property Leases</U>&rdquo;). All such items
of Personal Property are in good operating condition and repair (reasonable wear and tear excepted), and are suitable for their
intended use in the business of the Newegg Subsidiaries. Newegg has provided to LLIT a true and complete copy of each of Newegg
Personal Property Leases, and in the case of any oral Newegg Personal Property Lease, a written summary of the material terms of
such Newegg Personal Property Lease. Newegg Personal Property Leases are valid, binding and enforceable in accordance with their
terms and are in full force and effect. To the Knowledge of Newegg, no event has occurred which (whether with or without notice,
lapse of time or both or the happening or occurrence of any other event) would constitute a material default on the part of a Newegg
Subsidiary or any other party under any of Newegg Personal Property Leases, and no Newegg Subsidiary has received notice of any
such condition.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.17
&nbsp;<U>Title to and Sufficiency of Assets</U>. Each Newegg Subsidiary has good and marketable title to, or a valid leasehold
interest in or right to use, all of its assets, free and clear of all Liens other than (a) Permitted Liens, (b) the rights of lessors
under leasehold interests and (c) Liens specifically identified on the most recent audited Newegg Financials. The assets (including
Intellectual Property rights and contractual rights) of the Newegg Subsidiaries constitute all of the assets, rights and properties
that are used in the operation of the businesses of the Newegg Subsidiaries as it is now conducted and presently proposed to be
conducted or that are used or held by the Newegg Subsidiaries for use in the operation of the businesses of the Newegg Subsidiaries,
and taken together, are adequate and sufficient for the operation of the businesses of the Newegg Subsidiaries as currently conducted
and as presently proposed to be conducted.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Section 4.18   &nbsp;<U>Employee
Matters</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)   &nbsp;
No Newegg Subsidiary is a party to any collective bargaining agreement or other Contract with any group of employees, labor organization
or other representative of any of the employees of any Newegg Subsidiary and Newegg has no Knowledge of any activities or proceedings
of any labor union or other party to organize or represent such employees. There has not occurred or, to the Knowledge of Newegg,
been threatened any strike, slow-down, picketing, work-stoppage, or other similar labor activity with respect to any such employees.
There are no unresolved labor controversies (including unresolved grievances and age or other discrimination claims), if any, that
are pending or, to the Knowledge of Newegg, threatened between any Newegg Subsidiary and Persons employed by or providing services
to a Newegg Subsidiary. No current officer or key employee of a Newegg Subsidiary has provided any Newegg Subsidiary written or,
to the Knowledge of Newegg, oral notice of his or her plan to terminate his or her employment with any Newegg Subsidiary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)   &nbsp;
Each Newegg Subsidiary (i) is and has been in compliance in all material respects with all applicable Laws respecting employment
and employment practices, terms and conditions of employment, health and safety and wages and hours, and other Laws relating to
discrimination, disability, labor relations, hours of work, payment of wages and overtime wages, pay equity, immigration, workers
compensation, working conditions, employee scheduling, occupational safety and health, family and medical leave, and employee terminations,
and have not received written notice, or any other form of notice, that there is any pending Action involving unfair labor practices
against a Newegg Subsidiary, (ii) is not liable for any material arrears of wages or any material penalty for failure to comply
with any of the foregoing, and (iii) is not liable for any material payment to any Governmental Authority with respect to unemployment
compensation benefits, social security or other benefits or obligations for employees, independent contractors or consultants (other
than routine payments to be made in the ordinary course of business and consistent with past practice). Except as set forth in
<U>Schedule 4.18(b)</U>, there are no Actions pending or, to the Knowledge of Newegg, threatened against a Newegg Subsidiary brought
by or on behalf of any applicant for employment, any current or former employee, any Person alleging to be a current or former
employee, or any Governmental Authority, relating to any such Law or regulation, or alleging breach of any express or implied contract
of employment, wrongful termination of employment, or alleging any other discriminatory, wrongful or tortious conduct in connection
with the employment relationship.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)    The
Newegg Subsidiaries have paid in full to all employees all wages, salaries, commission, bonuses and other compensation due to its
employees, including overtime compensation, and, except as set forth in <U>Schedule 4.18(c),</U> there are no severance payments
which are or could become payable by a Newegg Subsidiary to any such employees under the terms of any written or, to Newegg&rsquo;s
Knowledge, oral agreement, or commitment or any Law, custom, trade or practice. Each such employee has entered into Newegg&rsquo;s
standard form of employee non-disclosure, inventions and restrictive covenants agreement with Newegg or its Subsidiaries (whether
pursuant to a separate agreement or incorporated as part of such employee&rsquo;s overall employment agreement), a copy of which
has been provided to LLIT by Newegg.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)   &nbsp;
Except as set forth in <U>Schedule 4.18(d)</U>, there are no independent contractors (including consultants) currently engaged
by any Newegg Subsidiary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.19
&nbsp;<U>Benefit Plans</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)   &nbsp;
Set forth on&nbsp;<U>Schedule 4.19(a)</U>&nbsp;is a true and complete list of each Foreign Plan of a Newegg Subsidiary (each, a
&ldquo;<U>Newegg Benefit Plan</U>&rdquo;). No Newegg Subsidiary has ever maintained or contributed to (or had an obligation to
contribute to) any &ldquo;employee benefit plan&rdquo; (as defined in Section 3(3) of ERISA).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)   &nbsp;
With respect to each Newegg Benefit Plan which covers any current or former officer, director, consultant or employee (or beneficiary
thereof) of a Newegg Subsidiary, Newegg has provided to LLIT accurate and complete copies, if applicable, of: (i) all Newegg Benefit
Plans and related trust agreements or annuity Contracts (including any amendments, modifications or supplements thereto); (ii)
the most recent annual and periodic accounting of plan assets; (iii) the most recent actuarial valuation; and (iv) all communications
with any Governmental Authority concerning any matter that is still pending or for which a Newegg Subsidiary has any outstanding
Liability or obligation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)   &nbsp;
With respect to each Newegg Benefit Plan: (i) such Newegg Benefit Plan has been administered and enforced in all material respects
in accordance with its terms and the requirements of any and all applicable Laws, and has been maintained, where required, in good
standing with applicable regulatory authorities and Governmental Authorities; (ii) no breach of fiduciary duty has occurred; (iii)
no Action is pending, or to Newegg&rsquo;s Knowledge, threatened (other than routine claims for benefits arising in the ordinary
course of administration); and (iv) all contributions and premiums required to be made with respect to a Newegg Benefit Plan have
been timely made. No Newegg Subsidiary has incurred any obligation in connection with the termination of, or withdrawal from, any
Newegg Benefit Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)   &nbsp;
The present value of the accrued benefit liabilities (whether or not vested) under each Newegg Benefit Plan, determined as of the
end of Newegg&rsquo;s most recently ended fiscal year on the basis of actuarial assumptions, each of which is reasonable, did not
exceed the current value of the assets of such Newegg Benefit Plan allocable to such benefit liabilities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)   &nbsp;
The consummation of the transactions contemplated by this Agreement and the Ancillary Documents will not: (i) entitle any individual
to severance pay, unemployment compensation or other benefits or compensation; or (ii) accelerate the time of payment or vesting,
or increase the amount of any compensation due, or in respect of, any individual.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(f)   &nbsp;
Except to the extent required by applicable Law, no Newegg Subsidiary provides health or welfare benefits to any former or retired
employee or is obligated to provide such benefits to any active employee following such employee&rsquo;s retirement or other termination
of employment or service.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(g)   &nbsp;
All Newegg Benefit Plans can be terminated at any time as of or after the Closing Date without resulting in any liability to any
Newegg Subsidiary, LLIT or their respective Affiliates for any additional contributions, penalties, premiums, fees, fines, excise
taxes or any other charges or liabilities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section&nbsp;4.20
&nbsp;<U>Transactions with Related Persons</U>. Except as set forth in <U>Schedule 4.20</U> and except for the Restructure and
as set forth in the financial statements and related notes previously delivered to LLIT, no Newegg Subsidiary nor any of its Affiliates,
nor any Related Person of Newegg or any of its Affiliates, nor any immediate family member of any of the foregoing (whether directly
or indirectly through an Affiliate of such Person) is presently, or since April 1, 2017 has been, a party to any transaction with
a Newegg Subsidiary, including any Contract or other arrangement (a) providing for the furnishing of services by (other than as
officers, directors or employees of the Newegg Subsidiary), (b) providing for the rental of real property or Personal Property
from or (c) otherwise requiring payments to (other than for services or expenses as directors, officers or employees of the Newegg
Subsidiary in the ordinary course of business consistent with past practice), any Related Person or any Person in which any Related
Person has an interest as an owner, officer, manager, director, trustee or partner or in which any Related Person has any direct
or indirect interest (other than the ownership of securities representing no more than two percent (2%) of the outstanding voting
power or economic interest of a publicly traded company). Except as set forth in <U>Schedule 4.20</U> or in the financial statements
and related notes previously delivered to LLIT, no Newegg Subsidiary has outstanding any Contract or other arrangement or commitment
with any Related Person, and no Related Person owns any real property or Personal Property, or right, tangible or intangible (including
Intellectual Property) which is used in the business of any Newegg Subsidiary.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.21
&nbsp;<U>Books and Records</U>. All of the financial books and records of the Newegg Subsidiaries are complete and accurate in
all material respects and have been maintained in the ordinary course consistent with past practice and in accordance with applicable
Laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.22
&nbsp;<U>Accounts Receivable</U>. All accounts, notes and other receivables, whether or not accrued, and whether or not billed,
of the Newegg Subsidiaries (the&nbsp;&ldquo;<U>Accounts Receivable</U>&rdquo;) arose from sales actually made or services actually
performed and represent valid obligations to a Newegg Subsidiary. None of the Accounts Receivable are, to the Knowledge of Newegg,
subject to any right of recourse, defense, deduction, return of goods, counterclaim, offset, or set off on the part of the obligor
in excess of any amounts reserved therefor on Newegg Financials. All of the Accounts Receivable are, to the Knowledge of Newegg,
fully collectible according to their terms in amounts not less than the aggregate amounts thereof carried on the books of the Newegg
Subsidiaries (net of reserves) within ninety (90) days.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Section 4.23   &nbsp;<U>Certain
Business Practices</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)   &nbsp;
No Newegg Subsidiary, nor any of their respective Representatives acting on their behalf, has (i) used any funds for unlawful contributions,
gifts, entertainment or other unlawful expenses relating to political activity, (ii) made any unlawful payment to foreign or domestic
government officials or employees, to foreign or domestic political parties or campaigns or violated any provision of the Foreign
Corrupt Practices Act of 1977 or (iii) made any other unlawful payment. No Newegg Subsidiary, nor any of their respective Representatives
acting on their behalf has directly or indirectly, given or agreed to give any gift or similar benefit in any material amount to
any customer, supplier, governmental employee or other Person who is or may be in a position to help or hinder any Newegg Subsidiary
or assist any Newegg Subsidiary in connection with any actual or proposed transaction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)   &nbsp;
The operations of each Newegg Subsidiary are and have been conducted at all times in compliance with laundering statutes in all
applicable jurisdictions, the rules and regulations thereunder and any related or similar rules, regulations or guidelines, issued,
administered or enforced by any Governmental Authority, and no Action involving a Newegg Subsidiary with respect to the any of
the foregoing is pending or, to the Knowledge of Newegg, threatened.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)   &nbsp;
No Newegg Subsidiary or any of their respective directors or officers, or, to the Knowledge of Newegg, any other Representative
acting on behalf of a Newegg Subsidiary is currently identified on the specially designated nationals or other blocked person list
or otherwise currently subject to any U.S. sanctions administered by OFAC, and no Newegg Subsidiary has, directly or indirectly,
used any funds, or loaned, contributed or otherwise made available such funds to any Subsidiary, joint venture partner or other
Person, in connection with any sales or operations in Cuba, Iran, Syria, Sudan, Myanmar or any other country sanctioned by OFAC
or for the purpose of financing the activities of any Person currently subject to, or otherwise in violation of, any U.S. sanctions
administered by OFAC in the last five (5) fiscal years.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.24
&nbsp;<U>Investment Company Act</U>. No Newegg Subsidiary is an &ldquo;investment company&rdquo; or a Person directly or indirectly
&ldquo;controlled&rdquo; by or acting on behalf of an &ldquo;investment company&rdquo;, in each case within the meaning of the
Investment Company Act of 1940, as amended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.25
&nbsp;<U>Finders and Investment Bankers</U>. No Newegg Subsidiary has incurred or will incur any Liability for any brokerage, finder&rsquo;s
or other fee or commission in connection with the transactions contemplated hereby.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.26
&nbsp;<U>Independent Investigation</U>. Newegg has conducted its own independent investigation, review and analysis of the business,
results of operations, prospects, condition (financial or otherwise) or assets of LLIT, and acknowledges that it has been provided
adequate access to the personnel, properties, assets, premises, books and records, and other documents and data of LLIT for such
purpose. Newegg acknowledges and agrees that: (a) in making its decision to enter into this Agreement and to consummate the transactions
contemplated hereby, it has relied solely upon its own investigation and the express representations and warranties of LLIT and
LLIT Subsidiaries set forth in&nbsp;<U>Article III</U>&nbsp;and the covenants set forth in <U>Article V</U> (including the related
portions of LLIT Disclosure Schedules); and (b) neither LLIT nor any of its Representatives have made any representation or warranty
as to LLIT or this Agreement, except as expressly set forth in&nbsp;<U>Article III</U>&nbsp;(including the related portions of
LLIT Disclosure Schedules).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.27
&nbsp;<U>Information Supplied</U>. None of the information supplied or to be supplied by Newegg expressly for inclusion or incorporation
by reference: (a) in any Report on Form 6-K, and any exhibits thereto or any other report, form, registration or other filing made
with any Governmental Authority with respect to the transactions contemplated by this Agreement or any Ancillary Documents; (b)
in the Shareholder Meeting Notice; or (c) in the mailings or other distributions to LLIT&rsquo;s shareholders and/or prospective
investors with respect to the consummation of the transactions contemplated by this Agreement or in any amendment to any of documents
identified in (a) through (c), will, when filed, made available, mailed or distributed, as the case may be, contain any untrue
statement of a material fact or omit to state any material fact required to be stated therein or necessary in order to make the
statements therein, in light of the circumstances under which they are made, not misleading. None of the information supplied or
to be supplied by Newegg expressly for inclusion or incorporation by reference in any of the Signing Press Release, the Signing
Filing, the Closing Filing and the Closing Press Release (in each case, as defined below) will, when filed or distributed, as applicable,
contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary in
order to make the statements therein, in light of the circumstances under which they are made, not misleading. Notwithstanding
the foregoing, Newegg makes no representation, warranty or covenant with respect to any information supplied by or on behalf of
LLIT or its Affiliates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.28
&nbsp;<U>Disclosure</U>. No representations or warranties by Newegg in this Agreement (including the disclosure schedules hereto)
or the Ancillary Documents, (a) contains or will contain any untrue statement of a material fact, or (b) omits or will omit to
state, when read in conjunction with all of the information contained in this Agreement, the disclosure schedules hereto and the
Ancillary Documents, any fact necessary to make the statements or facts contained therein not materially misleading.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.29   &nbsp;<U>SAFE
Registrations</U>. Each Newegg Subsidiary or subsidiary that is incorporated outside of the PRC has taken, or is in the process
of taking, all reasonable steps to comply with, and to ensure compliance by each of its equity holders that is, or is directly
or indirectly owned or controlled by, a PRC resident or citizen with any applicable rules and regulations of the relevant PRC government
agencies (including the Ministry of Commerce, the National Development and Reform Commission and the State Administration of Foreign
Exchange) relating to overseas investment by PRC residents and citizens or overseas listing by offshore special purpose vehicles
controlled directly or indirectly by PRC companies and individuals, such as Newegg (the &ldquo;<U>PRC Overseas Investment Regulations</U>&rdquo;),
including requesting each equity holder that is, or is directly or indirectly owned or controlled by, a PRC resident or citizen
to complete any registration and other procedures required under applicable PRC Overseas Investment Regulations.<B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.30 <U>Newegg
Board and Special Committee.</U> The Newegg Board has formed a special committee (the &ldquo;<U>Newegg Special Committee</U>&rdquo;)
comprised solely of disinterested directors, whose members are determined in the Newegg Board&rsquo;s discretion. Newegg Special
Committee, with the advice and assistance of independent legal counsel, has recommended (subject to the satisfaction of the conditions
precedent set forth herein) that the Newegg Board approve this Agreement and the Merger contemplated hereby. The Newegg Board and
the Newegg Special Committee have unanimously recommended that the Newegg stockholders adopt this Agreement and approve all transactions
contemplated herein. Such recommendation shall not be withdrawn, modified or changed except pursuant to <U>Section 7.1(d)(iii)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.31 <U>SEC
Filings.</U> All information, including financial statements, supplied or to be supplied by Newegg (such information, the &ldquo;<U>Newegg
Information</U>&rdquo;) which is included or incorporated by reference in each of the Form F-1 and the Form F-4 (collectively the
&ldquo;<U>Registration Statements</U>&rdquo;) will, at the time such Registration Statement is filed with the SEC, when it becomes
effective under the Securities Act, on the date it is mailed to LLIT shareholders and at the time of the Shareholder Meeting, not
contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to
make the statement therein, in light of the circumstances under which they were made, not misleading. If at any time prior to the
Effective Time any event with respect to Newegg or any Newegg Subsidiaries, or with respect to other Newegg Information, shall
occur that is required to be described in an amendment of, or a supplement to, the Registration Statements, Newegg shall promptly
but in no event later than the third (3rd) Business Day following the occurrence of such event, inform LLIT of such event. No representations
or warranties are made by Newegg with respect to the LLIT Information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">ARTICLE V<BR>
ADDITIONAL AGREEMENTS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Section 5.1    <U>Access
and Information</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)   &nbsp;
Newegg shall give, and shall direct its Representatives to give, LLIT and its Representatives, at reasonable times during normal
business hours and upon reasonable intervals and notice, access to all offices and other facilities and to all employees, properties,
Contracts, agreements, commitments, books and records, financial and operating data and other information (including Tax Returns,
internal working papers, client files, client Contracts and director service agreements), of or pertaining to the Newegg Subsidiaries,
as LLIT may reasonably request regarding the Newegg Subsidiaries and their respective businesses, assets, Liabilities, financial
condition, prospects, operations, management, employees and other aspects (including unaudited quarterly financial statements,
including a consolidated quarterly balance sheet and income statement, a copy of each material report, schedule and other document
filed with or received by a Governmental Authority pursuant to the requirements of applicable securities Laws, and independent
public accountants&rsquo; work papers (subject to the consent or any other conditions required by such accountants, if any)) and
instruct each of Newegg&rsquo;s Representatives to cooperate with LLIT and its Representatives in their investigation;&nbsp;<U>provided</U>,&nbsp;<U>however</U>,
that LLIT and its Representatives shall conduct any such activities in such a manner as not to unreasonably interfere with the
business or operations of the Newegg Subsidiaries.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)   &nbsp;
LLIT shall give, and shall direct its Representatives to give, Newegg and its Representatives, at reasonable times during normal
business hours and upon reasonable intervals and notice, access to all offices and other facilities and to all employees, properties,
Contracts, agreements, commitments, books and records, financial and operating data and other information (including Tax Returns,
internal working papers, client files, client Contracts and director service agreements), of or pertaining to LLIT or its Subsidiaries,
as Newegg or its Representatives may reasonably request regarding LLIT, its Subsidiaries and their respective businesses, assets,
Liabilities, financial condition, prospects, operations, management, employees and other aspects (including unaudited quarterly
financial statements, including a consolidated quarterly balance sheet and income statement, a copy of each material report, schedule
and other document filed with or received by a Governmental Authority pursuant to the requirements of applicable securities Laws,
and independent public accountants&rsquo; work papers (subject to the consent or any other conditions required by such accountants,
if any)) and instruct each of LLIT&rsquo;s or LLIT Subsidiaries&rsquo; Representatives to cooperate with Newegg, and their Representatives
in their investigation;&nbsp;<U>provided</U>,&nbsp;<U>however</U>, that Newegg, and their Representatives shall conduct any such
activities in such a manner as not to unreasonably interfere with the business or operations of LLIT or any of its Subsidiaries.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Section 5.2    <U>Conduct
of Business of Newegg.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)   &nbsp;
Unless LLIT (acting through the LLIT Special Committee) shall otherwise consent in writing (such consent not to be unreasonably
withheld, conditioned or delayed), during the period from the date of this Agreement and continuing until the earlier of the termination
of this Agreement in accordance with&nbsp;<U>Section 9.1</U>&nbsp;or the Closing (the &ldquo;<B><I>Interim Period</I></B>&rdquo;),
except as expressly contemplated by this Agreement Newegg shall, and shall cause the Newegg Subsidiaries to, (i) conduct their
respective businesses, in all material respects, in the ordinary course of business consistent with past practice, (ii) comply
with all Laws applicable to the Newegg Subsidiaries and their respective businesses, assets and employees, and (iii) take all reasonable
measures necessary or appropriate to preserve intact, in all material respects, their respective business organizations, to keep
available the services of their respective managers, directors, officers, employees and consultants, to maintain, in all material
respects, their existing relationships with all Top Customers and Top Suppliers, and to preserve the possession, control and condition
of their respective material assets, all as consistent with past practice.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)   &nbsp;
Without limiting the generality of&nbsp;<U>Section 5.2(a)</U>&nbsp;and except as contemplated by the terms of this Agreement, during
the Interim Period, without the prior written consent of LLIT (acting through the LLIT Special Committee) (such consent not to
be unreasonably withheld, conditioned or delayed), Newegg shall not, and shall cause the Newegg Subsidiaries to not:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)   &nbsp;
amend, waive or otherwise change, in any respect, its Organizational Documents;</P>

<P STYLE="text-indent: 0.25in; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)   &nbsp;
authorize for issuance, issue, grant, sell, pledge, dispose of or propose to issue, grant, sell, pledge or dispose of any of its
equity securities or any options, warrants, commitments, subscriptions or rights of any kind to acquire or sell any of its equity
securities, or other securities, including any securities convertible into or exchangeable for any of its shares or other equity
securities or securities of any class and any other equity-based awards, or engage in any hedging transaction with a third Person
with respect to such securities;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iii)   &nbsp;
split, combine, recapitalize or reclassify any of its shares or other equity interests or issue any other securities in respect
thereof or pay or set aside any dividend or other distribution (whether in cash, equity or property or any combination thereof)
in respect of its equity interests, or directly or indirectly redeem, purchase or otherwise acquire or offer to acquire any of
its securities;</P>

<P STYLE="text-indent: 0.25in; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iv)   &nbsp;
incur, create, assume, prepay or otherwise become liable for any Indebtedness (directly, contingently or otherwise), outside the
ordinary course of business, in excess of $250,000 (individually or in the aggregate), make a loan or advance to or investment
in any third party, or guarantee or endorse any Indebtedness, Liability or obligation of any Person outside the ordinary course
of business;</P>

<P STYLE="text-indent: 0.25in; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(v)   &nbsp;
increase the wages, salaries or compensation of its employees other than in the ordinary course of business, consistent with past
practice, and in any event not in the aggregate by more than five percent (5%), or make or commit to make any bonus payment (whether
in cash, property or securities) to any employee, or materially increase other benefits of employees generally, or enter into,
establish, materially amend or terminate any Newegg Benefit Plan with, for or in respect of any current consultant, officer, manager
director or employee, in each case other than as required by applicable Law, pursuant to the terms of any Newegg Benefit Plans
or in the ordinary course of business consistent with past practice;</P>

<P STYLE="text-indent: 0.25in; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(vi)   &nbsp;
make or rescind any material election relating to Taxes, settle any claim, action, suit, litigation, proceeding, arbitration, investigation,
audit or controversy relating to Taxes, file any amended Tax Return or claim for refund, or make any material change in its accounting
or Tax policies or procedures, in each case except as required by applicable Law or in compliance with GAAP;</P>

<P STYLE="text-indent: 0.25in; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(vii)   &nbsp;
transfer or license to any Person or otherwise extend, materially amend or modify, permit to lapse or fail to preserve any of Newegg
Registered IP, Newegg IP Licenses or other Newegg Intellectual Property, or disclose to any Person who has not entered into a confidentiality
agreement any Trade Secrets;</P>

<P STYLE="text-indent: 0.25in; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(viii) &nbsp;
terminate, or waive or assign any material right under any material agreement to which it is a party;</P>

<P STYLE="text-indent: 0.25in; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ix)   &nbsp;
fail to maintain its books, accounts and records in all material respects in the ordinary course of business consistent with past
practice;</P>

<P STYLE="text-indent: 0.25in; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(x)   &nbsp;
establish any Subsidiary or enter into any new line of business;</P>

<P STYLE="text-indent: 0.25in; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xi)   &nbsp;
fail to use commercially reasonable efforts to keep in force insurance policies or replacement or revised policies providing insurance
coverage with respect to its assets, operations and activities in such amount and scope of coverage as are currently in effect;</P>

<P STYLE="text-indent: 0.25in; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xii)  &nbsp;
revalue any of its material assets or make any change in accounting methods, principles or practices, except to the extent required
to comply with GAAP and after consulting with Newegg&rsquo;s outside auditors;</P>

<P STYLE="text-indent: 0.25in; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xiii)
waive, release, assign, settle or compromise any claim, action or proceeding (including any suit, action, claim, proceeding or
investigation relating to this Agreement or the transactions contemplated hereby), other than waivers, releases, assignments, settlements
or compromises that involve only the payment of monetary damages (and not the imposition of equitable relief on, or the admission
of wrongdoing by, Newegg or its Affiliates) not in excess of $250,000 (individually or in the aggregate), or otherwise pay, discharge
or satisfy any Actions, Liabilities or obligations, unless such amount has been reserved in Newegg Financials;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xiv)  &nbsp;
effectuate a &ldquo;plant closing&rdquo; (as defined in the federal Worker Adjustment and Retraining Notification Act (&ldquo;<U>WARN
Act</U>&rdquo;)) affecting any site of employment or one or more facilities or operating units within any site of employment or
facility; or experience a &ldquo;mass layoff&rdquo; (as defined in the WARN Act) affecting any site of employment or facility;
or engaged in layoffs or employment terminations sufficient in number to trigger application of any similar state, local or foreign
law or regulation;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xv)  &nbsp;
acquire, including by merger, consolidation, acquisition of stock or assets, or any other form of business combination, any corporation,
partnership, limited liability company, other business organization or any division thereof, or any material amount of assets outside
the ordinary course of business consistent with past practice;</P>

<P STYLE="text-indent: 0.25in; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xvi)
make capital expenditures in excess of $250,000 (individually for any project (or set of related projects) or in the aggregate);</P>

<P STYLE="text-indent: 0.25in; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xvii)
adopt a plan of complete or partial liquidation, dissolution, merger, consolidation, restructuring, recapitalization or other reorganization;</P>

<P STYLE="text-indent: 0.25in; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xviii)  &nbsp;
voluntarily incur any Liability or obligation (whether absolute, accrued, contingent or otherwise) in excess of $250,000 individually
or $1,000,000 in the aggregate other than in the ordinary course of business or pursuant to the terms of a Newegg Material Contract
or Newegg Benefit Plan in effect on the date hereof;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="text-indent: 0.25in; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xix)
sell, lease, license, transfer, exchange or swap, mortgage or otherwise pledge or encumber (including securitizations), or otherwise
dispose of any material portion of its properties, assets or rights;</P>

<P STYLE="text-indent: 0.25in; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xx)   &nbsp;
enter into any agreement, understanding or arrangement with respect to the voting of equity securities of Newegg;</P>

<P STYLE="text-indent: 0.25in; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xxi)   &nbsp;
take any action that would reasonably be expected to significantly delay or impair the obtaining of any consents or approvals of
any Governmental Authority to be obtained in connection with this Agreement;</P>

<P STYLE="text-indent: 0.25in; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xxii)  &nbsp;
enter into, amend, waive or terminate (other than terminations in accordance with their terms) any transaction with any Related
Person (other than compensation and benefits and advancement of expenses, in each case, provided in the ordinary course of business
consistent with past practice); or</P>

<P STYLE="text-indent: 0.25in; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xxiii)  &nbsp;
authorize or agree to do any of the foregoing actions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Section 5.3    <U>Conduct
of Business of LLIT.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)   &nbsp;
Unless Newegg (acting through the Newegg Special Committee) shall otherwise consent in writing (such consent not to be unreasonably
withheld, conditioned or delayed), during the Interim Period, except as expressly contemplated by this Agreement, LLIT shall, and
shall cause LLIT Subsidiaries to, (i) conduct their respective businesses, in all material respects, in the ordinary course of
business consistent with past practice, (ii)&nbsp;comply with all Laws applicable to LLIT, LLIT Subsidiaries, and their respective
businesses, assets and employees, (iii) settle any and all pending or threatened Actions, lawsuits and/or proceedings involving
any LLIT Entity, its current or former directors, officers or equity holders in connection with any fact, situation, circumstance,
status, condition, activity, practice, plan, occurrence, event, incident, action, failure to act or transaction existing prior
to the Closing Date, and (iv) take all reasonable measures necessary or appropriate to preserve intact, in all material respects,
their respective business organizations, to keep available the services of their respective managers, directors, officers, employees
and consultants, to maintain, in all material respects, their existing relationships with all Top Customers and Top Suppliers,
and to preserve the possession, control and condition of their respective material assets, all as consistent with past practice.
Unless Newegg (acting through the Newegg Special Committee) shall otherwise consent in writing (such consent not to be unreasonably
withheld, conditioned or delayed), during the Interim Period, (i)&nbsp;Merger Sub shall not take any actions which are not expressly
contemplated by this Agreement or necessary for the consummation of the transactions contemplated hereby, (ii) LLIT and its Subsidiaries
(excluding Lianluo Connection) shall not reduce their consolidated working capital (as determined in accordance with GAAP) by more
than $1,000,000 during the Interim Period, and (iii) LLIT and its Subsidiaries (excluding Lianluo Connection) shall not reduce
their consolidated net assets (measured as the sum of their assets minus their liabilities, each as determined in accordance with
GAAP) by more than $1,000,000 during the Interim Period, except for any deviations from any of the foregoing clauses (ii) or (iii)
due to expenses which are strictly necessary for the consummation of the transactions contemplated herein or for maintenance of
LLIT&rsquo;s status as an SEC reporting company with LLIT Class A Shares listed on NASDAQ.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)   &nbsp;
Without limiting the generality of&nbsp;<U>Section 5.3(a)</U>&nbsp;and except as specifically contemplated by the terms of this
Agreement (including or in connection with the transactions contemplated by&nbsp;<U>Sections 5.3(b)(iii)</U> and <U>5.18</U>&nbsp;hereof)
during the Interim Period, without the prior written consent of Newegg (acting through the Newegg Special Committee) (such consent
not to be unreasonably withheld, conditioned or delayed), LLIT shall not, and shall cause LLIT Subsidiaries to not:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)   &nbsp;
except as set forth in the Form F-4 or to maintain compliance with the minimum bid price requirements of the NASDAQ Capital Market,
or to give effect to this Agreement and the transactions contemplated hereby, amend, waive or otherwise change, in any respect,
its Organizational Documents;</P>

<P STYLE="text-indent: 0.25in; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)   &nbsp;except
for the issuance and sale of LLIT Class A Shares upon the exercise of LLIT options or warrants outstanding as of the date hereof
which are described in <U>Schedule 3.5(c)</U>, authorize for issuance, issue, grant, sell, pledge, dispose of or propose to issue,
grant, sell, pledge or dispose of any of its equity securities or any options, warrants, commitments, subscriptions or rights of
any kind to acquire or sell any of its equity securities, or other securities, including any securities convertible into or exchangeable
for any of its equity securities or other security interests of any class and any other equity-based awards, or engage in any hedging
transaction with a third Person with respect to such securities.</P>

<P STYLE="text-indent: 0.25in; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iii)   &nbsp;
except as set forth in the Form F-4 or to maintain compliance with the minimum bid price requirements of the NASDAQ Capital Market,
split, combine, recapitalize or reclassify any of its shares or other equity interests or issue any other securities in respect
thereof or pay or set aside any dividend or other distribution (whether in cash, equity or property or any combination thereof)
in respect of its shares or other equity interests, or directly or indirectly redeem, purchase or otherwise acquire or offer to
acquire any of its securities;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iv) &nbsp; except for accounts payable incurred in the ordinary
course of business that are necessary to maintain LLIT&rsquo;s public listing or to implement the transactions contemplated hereby,
incur, create, assume or otherwise become liable for any Indebtedness (directly, contingently or otherwise) or Liability that
LLIT or any of its then current Subsidiaries would be liable for after the Disposition, make a loan or advance to or investment
in any third party, or guarantee or endorse any Indebtedness, Liability or obligation of any Person, or prepay any Indebtedness
of Liability;</P>

<P STYLE="text-indent: 0.25in; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(v)   &nbsp;
make or rescind any material election relating to Taxes, settle any claim, action, suit, litigation, proceeding, arbitration, investigation,
audit or controversy relating to Taxes, file any amended Tax Return or claim for refund, or make any material change in its accounting
or Tax policies or procedures, in each case except as required by applicable Law or in compliance with GAAP;</P>

<P STYLE="text-indent: 0.25in; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(vi)   &nbsp;
terminate, waive or assign any material right under any material agreement to which it is a party;</P>

<P STYLE="text-indent: 0.25in; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(vii)   &nbsp;
fail to maintain its books, accounts and records in all material respects in the ordinary course of business consistent with past
practice;</P>

<P STYLE="text-indent: 0.25in; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(viii)   &nbsp;
establish any Subsidiary or enter into any new line of business;</P>

<P STYLE="text-indent: 0.25in; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ix)   &nbsp;
fail to use commercially reasonable efforts to keep in force insurance policies or replacement or revised policies providing insurance
coverage with respect to its assets, operations and activities in such amount and scope of coverage as are currently in effect;</P>

<P STYLE="text-indent: 0.25in; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(x)   &nbsp;
revalue any of its material assets or make any change in accounting methods, principles or practices, except to the extent required
to comply with GAAP and after consulting with LLIT&rsquo;s outside auditors;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xi)   &nbsp;
waive, release, assign, settle or compromise any claim, Action or proceeding (including any suit, Action, claim, proceeding or
investigation relating to this Agreement or the transactions contemplated hereby), or otherwise pay, discharge or satisfy any Actions,
Liabilities or obligations, unless such amount has been reserved in the LLIT Financials;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.25in; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xii)   &nbsp;
acquire, including by merger, consolidation, acquisition of stock or assets, or any other form of business combination, any corporation,
partnership, limited liability company, other business organization or any division thereof, or any material amount of assets outside
the ordinary course of business consistent with past practice;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.25in; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xiii)   &nbsp;
make or incur any expenditures in excess of $50,000 individually (or for any set of related expenditures) or $250,000 in the aggregate,
other than expenditures which are paid for by Lianluo Connection which are strictly necessary and in the ordinary course of business
of Lianluo Connection or expenses which are strictly necessary for the consummation of the transactions contemplated herein or
to maintain LLIT&rsquo;s status as an SEC reporting company with LLIT Class A Shares listed on NASDAQ;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xiv)   &nbsp;
adopt a plan of complete or partial liquidation, dissolution, merger, consolidation, restructuring, recapitalization or other reorganization
except as contemplated herein and set forth in the Form F-1 and Form F-4;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.25in; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xv)   &nbsp;
other than the Disposition, sell, lease, license, transfer, exchange or swap, mortgage or otherwise pledge or encumber (including
securitizations), or otherwise dispose of any portion of its properties, assets or rights;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.25in; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xvi)   &nbsp;
other than the Support Agreements, enter into any agreement, understanding or arrangement with respect to the voting of the equity
securities of LLIT;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xvii) &nbsp;take any action that would reasonably be expected
to significantly delay or impair the obtaining of any Consents of any Governmental Authority to be obtained in connection with
this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xviii)   &nbsp;
increase the wages, salaries or compensation of its employees other than in the ordinary course of business, consistent with past
practice, and in any event not in the aggregate by more than five percent (5%), or make or commit to make any bonus or other payment
(whether in cash, property or securities) to any employee, or materially increase other benefits of employees generally, or enter
into, establish, materially amend or terminate any of LLIT&rsquo;s or a LLIT Subsidiary&rsquo;s Benefit Plan with, for or in respect
of any current consultant, officer, manager director or employee, in each case other than as required by applicable Law, pursuant
to the terms of any of LLIT&rsquo;s or a LLIT Subsidiary&rsquo;s Benefit Plans or in the ordinary course of business consistent
with past practice;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xix)   &nbsp;
other than the Disposition, transfer or license to any Person or otherwise extend, materially amend or modify, permit to lapse
or fail to preserve any of LLIT&rsquo;s or a LLIT Subsidiary&rsquo;s Registered IP, IP Licenses or other Intellectual Property,
if any, or disclose to any Person who has not entered into a confidentiality agreement any Trade Secrets;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xx)  &nbsp;
other than the Disposition, close or materially reduce its or any LLIT Subsidiary&rsquo;s activities, or effect any layoff or other
personnel reduction or change, at any of their respective facilities;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.25in; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xxi)  &nbsp;
enter into, amend, waive or terminate (other than terminations in accordance with their terms) any transaction with any Related
Person;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xxii)  &nbsp;
transfer any cash in excess of $1,000,000 from LLIT to any of its Subsidiaries (other than Merger Sub); or</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(xxiii)   &nbsp;
authorize or agree to do any of the foregoing actions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 5.4    <U>Annual
and Interim Financial Statements</U>. From the date hereof through the Closing Date, within thirty (30) calendar days following
the end of each three-month quarterly period and each fiscal year, Newegg shall deliver to LLIT an unaudited consolidated income
statement and an unaudited consolidated balance sheet for the period from the date of the most recent audited Newegg Financials
through the end of such quarterly period or fiscal year and the applicable comparative period in the preceding fiscal year, in
each case accompanied by certificates of the Chief Financial Officer and Chief Executive Officer of Newegg to the effect that all
such financial statements fairly present in all material respects the consolidated financial position and results of operations
of the Newegg Subsidiaries as of the date or for the periods indicated, in accordance with GAAP, subject to year-end audit adjustments
and excluding footnotes. From the date hereof through the Closing Date, Newegg will also promptly deliver to LLIT copies of any
audited consolidated financial statements of Newegg and its Subsidiaries that Newegg&rsquo;s certified public accountants may issue.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 5.5    <U>LLIT
Public Filings</U>. During the Interim Period, LLIT will keep current and timely file all of its public filings with the SEC (including
any extension periods that may be applicable) and otherwise comply in all material respects with applicable securities Laws and
shall use its commercially reasonable efforts to maintain the listing of LLIT Class A Shares on NASDAQ.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Section 5.6    <U>Go
Shop</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)   &nbsp;
During the Interim Period, each Party may and may cause its Representatives to, directly or indirectly, (i) solicit, assist, initiate
or facilitate the making, submission or announcement of, or intentionally encourage, any Acquisition Proposal, (ii) furnish any
non-public information regarding such Party or its Affiliates or their respective businesses, operations, assets, Liabilities,
financial condition, prospects or employees to any Person or group in connection with or in response to an Acquisition Proposal,
(iii) engage or participate in discussions or negotiations with any Person or group with respect to, or that could be expected
to lead to, an Acquisition Proposal, (iv) approve, endorse or recommend, or publicly propose to approve, endorse or recommend,
any Acquisition Proposal, (v) negotiate or enter into any letter of intent, agreement in principle, acquisition agreement or other
similar agreement related to any Acquisition Proposal, or (vi) release any third Person from, or waive any provision of, any confidentiality
agreement to which such Party is a party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)   &nbsp;
Each Party shall notify the others as promptly as practicable (and in any event within 48 hours) orally and in writing of the receipt
by such Party or any of its Representatives of (i) any bona fide inquiries, proposals or offers, requests for information or requests
for discussions or negotiations regarding or constituting any Acquisition Proposal or any bona fide inquiries, proposals or offers,
requests for information or requests for discussions or negotiations that could be expected to result in an Acquisition Proposal,
and (ii) any request for non-public information relating to such Party or its Affiliates (or any Newegg Subsidiary), specifying
in each case, the material terms and conditions thereof (including a copy thereof if in writing or a written summary thereof if
oral) and the identity of the party making such inquiry, proposal, offer or request for information. Each Party shall keep the
others promptly informed of the status of any such inquiries, proposals, offers or requests for information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 5.7    <U>No
Trading</U>. Newegg acknowledges and agrees that it is aware, and that Newegg&rsquo;s Affiliates are aware (and each of their respective
Representatives is aware or, upon receipt of any material nonpublic information of LLIT, will be advised) of the restrictions imposed
by the Federal Securities Laws and other applicable foreign and domestic Laws on a Person possessing material nonpublic information
about a publicly traded company. Newegg hereby agrees that, while it is in possession of such material nonpublic information, it
shall not purchase or sell any securities of LLIT (other than acquire the LLIT Exchange Shares in accordance with <U>Article I</U>),
communicate such information to any third party, take any other action with respect to LLIT in violation of such Laws, or cause
or encourage any third party to do any of the foregoing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 5.8    <U>Notification
of Certain Matters</U>. During the Interim Period, each of the Parties shall give prompt notice to the other Parties if such Party
or its Affiliates (or with respect to LLIT, including any LLIT Subsidiary): (a) fails to comply with or satisfy any covenant, condition
or agreement to be complied with or satisfied by it or its Affiliates hereunder in any material respect; (b) receives any notice
or other communication in writing from any third party (including any Governmental Authority) alleging (i) that the Consent of
such third party is or may be required in connection with the transactions contemplated by this Agreement or (ii) any non-compliance
with any Law by such Party or its Affiliates; (c) receives any notice or other communication from any Governmental Authority in
connection with the transactions contemplated by this Agreement; (d) discovers any fact or circumstance that, or becomes aware
of the occurrence or non-occurrence of any event the occurrence or non-occurrence of which, would reasonably be expected to cause
or result in any of the conditions set forth in&nbsp;<U>Article VIII</U>&nbsp;to not being satisfied or the satisfaction of those
conditions being materially delayed; or (e) becomes aware of the commencement or threat, in writing, of any Action against such
Party or any of its Affiliates or any of their respective properties or assets, or, to the Knowledge of such Party, any officer,
director, partner, member or manager, in his, her or its capacity as such, of such Party or of its Affiliates with respect to the
consummation of the transactions contemplated by this Agreement. No such notice shall constitute an acknowledgement or admission
by the Party providing the notice regarding whether or not any of the conditions to the Closing have been satisfied or in determining
whether or not any of the representations, warranties or covenants contained in this Agreement have been breached.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Section 5.9    <U>Efforts</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)   &nbsp;
Subject to the terms and conditions of this Agreement, each Party shall use its commercially reasonable efforts, and shall cooperate
fully with the other Parties, to take, or cause to be taken, all actions and to do, or cause to be done, all things necessary,
proper or advisable under applicable Laws and regulations to consummate the transactions contemplated by this Agreement (including
the receipt of all applicable Consents of Governmental Authorities) and to comply as promptly as practicable with all requirements
of Governmental Authorities applicable to the transactions contemplated by this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)   &nbsp;
Prior to the Closing, each Party shall use its commercially reasonable efforts to obtain any Consents of Governmental Authorities
or other third Persons as may be necessary for the consummation by such Party or its Affiliates of the transactions contemplated
by this Agreement or required as a result of the execution or performance of, or consummation of the transactions contemplated
by, this Agreement by such Party or its Affiliates, and the other Parties shall provide reasonable cooperation in connection with
such efforts.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)   &nbsp;
Notwithstanding anything herein to the contrary, no Party shall be required to agree to any term, condition or modification with
respect to obtaining any Consents in connection with the transactions contemplated by this Agreement that would result in, or would
be reasonably likely to result in: (i) a Material Adverse Effect to such Party or its Affiliates, or (ii) such Party or its Affiliates
having to cease, sell or otherwise dispose of any material assets or businesses (including the requirement that any such assets
or business be held separate).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 5.10
&nbsp;<U>Further Assurances</U>. The Parties hereto shall further cooperate with each other and use their respective commercially
reasonable efforts to take or cause to be taken all actions, and do or cause to be done all things, necessary, proper or advisable
on their part under this Agreement and applicable Laws to consummate the transactions contemplated by this Agreement as soon as
practicable, including preparing and filing as soon as practicable all documentation to effect all necessary notices, reports and
other filings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Section 5.11   &nbsp;<U>Form
F-4</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)   &nbsp;
As promptly as practicable after the date hereof, LLIT shall prepare and file with the SEC the Merger Registration Statement for
the LLIT Exchange Shares to be issued in connection with the Merger, and the Shareholder Meeting Notice on the Form F-4 (as amended
or supplemented from time to time) calling a special meeting of LLIT&rsquo;s shareholders (including any adjournments or postponements
thereof) (the &ldquo;<U>Shareholder Meeting</U>&rdquo;) seeking the approval of LLIT&rsquo;s shareholders for the matters in connection
with the Restructure and Offering, in accordance with and as required by LLIT&rsquo;s Organizational Documents, applicable Law
and any applicable rules and regulations of the SEC and NASDAQ. In the Form F-4, LLIT shall seek (i) adoption and approval of the
Disposition Agreement and the transactions contemplated thereby in accordance with LLIT&rsquo;s Organizational Documents, the BVI
Act and the rules and regulations of the SEC and NASDAQ, (ii) if required to be approved by LLIT&rsquo;s shareholders, adoption
and approval of an Amended and Restated Memorandum and Articles of Association of LLIT in the form attached as <U>Exhibit C</U>,
together with such other changes which are reasonably acceptable to LLIT and Newegg (the &ldquo;<U>Amended Charter</U>&rdquo;)
(which will be adopted by LLIT prior to or at the time of the Closing to, among other things, effect the Stock Split, increase
the authorized amount of LLIT Shares, change the name of LLIT and provide certain director appointment rights for certain holders
of Newegg Shares), (iii) to appoint the members of the board of directors of LLIT, and appoint the members of any committees thereof,
in each case in accordance with&nbsp;<U>Section 5.16</U>&nbsp;hereof, and (iv) to obtain any and all other approvals necessary
or advisable to effect the consummation of the transactions contemplated by this Agreement and the Ancillary Documents, including
approval of the Merger and this Agreement. In connection with the Form F-4, LLIT will also furnish with the SEC financial and other
information about the transactions contemplated by this Agreement in accordance with applicable rules set forth in LLIT&rsquo;s
Organizational Documents, the BVI Act and the rules and regulations of the SEC and NASDAQ. In consultation with Newegg, LLIT shall
set a preliminary record date for the Shareholder Meeting and commence a broker search in connection therewith.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b) &nbsp; Except with respect to the Newegg Information for
inclusion or incorporation by reference in the Form F-4, LLIT shall ensure that, when furnished, the Form F-4 will comply in all
material respects with the requirements of the Exchange Act and the rules and regulations thereunder. LLIT shall cause the Shareholder
Meeting Notice to be disseminated as promptly as practicable to LLIT&rsquo;s equity holders as and to the extent such dissemination
is required by U.S. federal securities laws and the rules and regulations of the SEC and NASDAQ promulgated thereunder or otherwise
(the &ldquo;<U>Federal Securities Laws</U>&rdquo;). Newegg shall promptly provide to LLIT such information concerning the Newegg
Subsidiaries and their respective businesses, operations, condition (financial or otherwise), assets, Liabilities, properties,
officers, directors and employees as is either required by Federal Securities Laws or reasonably requested by LLIT for inclusion
in the Shareholder Meeting Notice. Subject to compliance by Newegg with the immediately preceding sentence with respect to the
information provided or to be provided by or on behalf of them for inclusion in the Shareholder Meeting Notice, LLIT shall cause
the Shareholder Meeting Notice to comply in all material respects with the Federal Securities Laws. LLIT shall provide copies
of the proposed forms of the Shareholder Meeting Notice (including any amendments or supplements thereto) to Newegg such that
Newegg and its Representatives are afforded a reasonable amount of time prior to the dissemination or filing thereof to review
such material and comment thereon prior to such dissemination or submission, and LLIT shall reasonably consider in good faith
any comments of such Persons. LLIT and Newegg and their respective Representatives shall respond promptly to any comments of the
SEC or its staff with respect to the Shareholder Meeting Notice and promptly correct any information provided by it for use in
the Shareholder Meeting Notice if and to the extent that such information shall have become false or misleading in any material
respect or as otherwise required by the Federal Securities Laws. LLIT shall amend or supplement the Shareholder Meeting Notice
and cause the Shareholder Meeting Notice, as so amended or supplemented, to be furnished to the SEC and to be disseminated to
the holders of LLIT Shares, in each case as and to the extent required by the Federal Securities Laws and subject to the terms
and conditions of this Agreement and LLIT Organizational Documents. LLIT shall provide Newegg and its Representatives with copies
of any written comments, and shall inform them of any material oral comments, that LLIT or any of its Representatives receive
from the SEC or its staff with respect to the Shareholder Meeting Notice promptly after the receipt of such comments and shall
give Newegg a reasonable opportunity under the circumstances to review and comment on any proposed written or material oral responses
to such comments. LLIT shall use its commercially reasonable efforts to cause the Form F-4 to &ldquo;clear&rdquo; comments from
the SEC and its staff and to permit Newegg and its Representatives to participate with LLIT or its Representatives in any discussions
or meetings with the SEC and its staff. Newegg shall, and shall cause each of the Newegg Subsidiaries to, make their respective
directors, officers and employees, upon reasonable advance notice, available to LLIT and its Representatives in connection with
the drafting of the public filings with respect to the transactions contemplated by this Agreement, including the Shareholder
Meeting Notice, and responding in a timely manner to comments from the SEC. LLIT shall call the Shareholder Meeting as promptly
as reasonably practicable after the Form F-4 has &ldquo;cleared&rdquo; comments from the SEC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)   &nbsp;
If at any time prior to the Closing, any information relating to the LLIT Entities, on the one hand, or Newegg and the Newegg Subsidiaries,
on the other hand, or any of their respective Affiliates, businesses, operations, condition (financial or otherwise), assets, Liabilities,
properties, officers, directors or employees, should be discovered by LLIT, on the one hand, or Newegg , on the other hand, that
should be set forth in an amendment or supplement to the Shareholder Meeting Notice, so that such documents would not include any
misstatement of a material fact or omit to state any material fact necessary to make the statements therein, in light of the circumstances
under which they were made, not misleading, the Party which discovers such information shall promptly notify each other Parties
and an appropriate amendment or supplement describing such information shall be promptly furnished to the SEC and, to the extent
required by law, disseminated to LLIT&rsquo;s shareholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)   &nbsp;
The Shareholder Meeting Notice shall contain the recommendation of the LLIT Board and the LLIT Special Committee for the LLIT shareholders
to approve all proposals presented at the Shareholders Meeting, and such recommendation shall not be withdrawn, modified or changed
except pursuant to <U>Section 7.1(c)(iii)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 5.12
&nbsp;<U>Public Announcements</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)   &nbsp;
The Parties agree that no public release, filing or announcement concerning this Agreement or the Ancillary Documents or the transactions
contemplated hereby or thereby shall be issued by any Party or any of their Affiliates without the prior written consent of LLIT
(acting through the LLIT Special Committee) and Newegg (acting through the Newegg Special Committee) (which consent shall not be
unreasonably withheld, conditioned or delayed), except as such release or announcement may be required by applicable Law or the
rules or regulations of any securities exchange, in which case the applicable Party shall use commercially reasonable efforts to
allow the other Parties reasonable time to comment on, and arrange for any required filing with respect to, such release or announcement
in advance of such issuance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)   &nbsp;
The Parties shall mutually agree upon and, as promptly as practicable after the execution of this Agreement (but in any event within
four (4) Business Days thereafter), issue a press release announcing the execution of this Agreement (the &ldquo;<U>Signing Press
Release</U>&rdquo;). Promptly after the issuance of the Signing Press Release, LLIT shall furnish to the SEC a Foreign Private
Issuer Report on Form 6-K (the &ldquo;<U>Signing Filing</U>&rdquo;) with the Signing Press Release and a description of this Agreement
as required by Federal Securities Laws, which Newegg shall review, comment upon and approve (which approval shall not be unreasonably
withheld, conditioned or delayed) prior to filing (with LLIT providing the draft Signing Filing to Newegg on the date of the execution
of this Agreement and Newegg reviewing, commenting upon and approving such Signing Filing in any event no later than the second
(2<SUP>nd</SUP>) Business Day after the execution of this Agreement). The Parties shall mutually agree upon and, as promptly as
practicable after the Closing (but in any event within four (4) Business Days thereafter), issue a press release announcing the
consummation of the transactions contemplated by this Agreement (the &ldquo;<U>Closing Press Release</U>&rdquo;). Promptly after
the issuance of the Closing Press Release, LLIT shall furnish to the SEC a Foreign Private Issuer Report on Form 6-K (the &ldquo;<U>Closing
Filing&rdquo;)</U> with the Closing Press Release and a description of the Closing as required by Federal Securities Laws which
Newegg shall review, comment upon and approve (which approval shall not be unreasonably withheld, conditioned or delayed) prior
to filing (with the Newegg reviewing, commenting upon and approving such Closing Filing in any event no later than the second (2<SUP>nd</SUP>)
Business Day after the Closing). In connection with the preparation of the Signing Press Release, the Signing Filing, the Closing
Filing, the Closing Press Release, or any other report, statement, filing notice or application made by or on behalf of a Party
to any Governmental Authority or other third party in connection with the transactions contemplated hereby, each Party shall, upon
request by any other Party, furnish the Parties with all information concerning themselves, their respective directors, officers
and equity holders, and such other matters as may be reasonably necessary or advisable in connection with the transactions contemplated
hereby, or any other report, statement, filing, notice or application made by or on behalf of a Party to any third party and/ or
any Governmental Authority in connection with the transactions contemplated hereby.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Section 5.13   &nbsp;<U>Confidential
Information</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)   &nbsp;
Newegg (prior to the Closing) hereby agrees that during the Interim Period and, in the event this Agreement is terminated in accordance
with&nbsp;<U>Article IX</U>, for a period of two (2) years after such termination, they shall, and shall cause their respective
Representatives to: (i) treat and hold in strict confidence any LLIT Confidential Information, and will not use it for any purpose
(except in connection with the consummation of the transactions contemplated by this Agreement or the Ancillary Documents, performing
their obligations hereunder or thereunder, enforcing their rights hereunder or thereunder, or in furtherance of their authorized
duties on behalf of LLIT or its Subsidiaries), nor directly or indirectly disclose, distribute, publish, disseminate or otherwise
make available to any third party any of LLIT Confidential Information without LLIT&rsquo;s prior written consent; and (ii) in
the event that Newegg (prior to the Closing), or any of the respective Representatives becomes legally compelled to disclose any
LLIT Confidential Information, (A) provide LLIT with prompt written notice of such requirement so that LLIT or an Affiliate thereof
may seek a protective order or other remedy or waive compliance with this&nbsp;<U>Section 5.13(a)</U>, and (B)&nbsp;in the event
that such protective order or other remedy is not obtained, or LLIT waives compliance with this&nbsp;<U>Section 5.13(a)</U>, furnish
only that portion of such LLIT Confidential Information which is legally required to be provided as advised in writing by outside
counsel and to exercise its commercially reasonable efforts to obtain assurances that confidential treatment will be accorded such
LLIT Confidential Information. In the event that this Agreement is terminated and the transactions contemplated hereby are not
consummated, Newegg shall cause their respective Representatives to, promptly deliver to LLIT any and all copies (in whatever form
or medium) of LLIT Confidential Information and destroy all notes, memoranda, summaries, analyses, compilations and other writings
related thereto or based thereon. If this Agreement is terminated and the transactions contemplated hereby are not contemplated,
and Newegg acknowledge and agree that their ability to transact trades in the securities of LLIT may be limited for so long as
information disclosed and Newegg constitutes material nonpublic information. Subject to <U>Section 5.13(a)(ii)</U>, Newegg and
its Representatives shall be permitted to disclose any and all LLIT Confidential Information in connection with the transactions
contemplated by this Agreement or the Ancillary Documents to the extent required by applicable Laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b) &nbsp; LLIT hereby agrees that during the Interim Period
and, in the event this Agreement is terminated in accordance with&nbsp;<U>Article IX</U>, for a period of two (2) years after
such termination, it (including each of its Affiliates) shall, and shall cause its Representatives to: (i) treat and hold in strict
confidence any Newegg Confidential Information, and will not use for any purpose (except in connection with the consummation of
the transactions contemplated by this Agreement or the Ancillary Documents, performing its obligations hereunder or thereunder
or enforcing its rights hereunder or thereunder), nor directly or indirectly disclose, distribute, publish, disseminate or otherwise
make available to any third party any of Newegg Confidential Information without Newegg&rsquo;s prior written consent; and (ii)
in the event that LLIT or any of its Representatives becomes legally compelled to disclose any Newegg Confidential Information,
(A) provide Newegg with prompt written notice of such requirement so that Newegg, or an Affiliate of any of them may seek a protective
order or other remedy or waive compliance with this&nbsp;<U>Section 5.13(b)</U>, and (B) in the event that such protective order
or other remedy is not obtained, or Newegg waives compliance with this&nbsp;<U>Section 5.13(b)</U>, furnish only that portion
of such Newegg Confidential Information which is legally required to be provided as advised in writing by outside counsel and
to exercise its commercially reasonable efforts to obtain assurances that confidential treatment will be accorded such Newegg
Confidential Information. In the event that this Agreement is terminated and the transactions contemplated hereby are not consummated,
LLIT shall, and shall cause its Representatives to, promptly deliver to Newegg any and all copies (in whatever form or medium)
of Newegg Confidential Information and destroy all notes, memoranda, summaries, analyses, compilations and other writings related
thereto or based thereon. Notwithstanding the foregoing, LLIT and its Representatives shall be permitted to disclose any and all
Newegg Confidential Information in connection with the transactions contemplated by this Agreement or the Ancillary Documents
to the extent required by the Federal Securities Laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 5.14
&nbsp;<U>Litigation Support</U>. Following the Closing, in the event that and for so long as any Party is actively contesting or
defending against any third party or Governmental Authority Action in connection with any fact, situation, circumstance, status,
condition, activity, practice, plan, occurrence, event, incident, action, failure to act or transaction existing on or prior to
the Closing Date involving LLIT or any Newegg Subsidiary, each of the other Parties will (i) reasonably cooperate with the contesting
or defending Party and its counsel in the contest or defense, (ii) make available its personnel at reasonable times and upon reasonable
notice and (iii) provide (A) such testimony and (B) access to its non-privileged books and records as may be reasonably requested
in connection with the contest or defense, at the sole cost and expense of the contesting or defending Party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 5.15
&nbsp;<U>Documents and Information</U>. After the Closing Date, LLIT and the Newegg Subsidiaries shall, and shall cause their respective
Subsidiaries to, until the seventh (7<SUP>th</SUP>) anniversary of the Closing Date, retain all books, records and other documents
pertaining to the business of the Newegg Subsidiaries in existence on the Closing Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Section 5.16   <U>Stock
Exchange Listing</U>. LLIT shall, with the assistance and cooperation of Newegg, take commercially reasonable efforts to (a) submit
the Listing of Additional Shares Notification to NASDAQ, if such listing of Additional Shares Notification is applicable, and (b)
ensure that immediately prior to the Closing, the Company shall have not received any information indicating that the listing of
such shares is or will be rejected.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Section 5.17   <U>LLIT
Policies</U>. During the Interim Period, LLIT will consult with Newegg, and LLIT and Newegg will adopt, effective as of the Closing,
corporate and operational policies for LLIT, Newegg and their respective Subsidiaries, including the Newegg Subsidiaries, appropriate
for a company publicly traded in the United States with active business and operations in the industries and regions in which the
Newegg Subsidiaries operate and contemplate operating as of the Closing. Such policies will include a conflicts of interest policy
establishing, among other matters, proper procedures and limitations for related party loans involving LLIT or the Newegg Subsidiaries.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 5.18 <U>Disposition
Transaction</U>. LLIT shall take and cause to be taken all actions necessary so that the Disposition shall be consummated on the
Closing Date, immediately after the Effective Time. Upon consummation of the Disposition, except as set forth in <U>Schedule 5.18</U>,
neither LLIT nor the Surviving Corporation shall have any obligations or liabilities, contingent or otherwise, relating to Lianluo
Connection and shall have no affiliation with any LLIT Subsidiaries other than the Surviving Corporation. During the Interim Period,
any waiver, amendment, termination, or other material decision with respect to the Disposition which could impact LLIT after the
Closing shall be determined by the LLIT Special Committee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 5.19 <U>Registration
Statement Information</U>. To the extent permitted by Law, Newegg indemnifies and holds harmless LLIT against any losses, claims,
damages, expenses and liabilities as the same are incurred (including reasonable fees and expenses of counsel), related to or arising
out the inclusion or incorporation by reference of the Newegg Information in the Registration Statements; provided that the cumulative
liability of Newegg under this sentence shall not exceed $3,500,000. To the extent permitted by Law, LLIT indemnifies and holds
harmless Newegg against any losses, claims, damages, expenses and liabilities as the same are incurred (including reasonable fees
and expenses of counsel), related to or arising out the inclusion of the LLIT Information in the Registration Statements; provided
that the cumulative liability of LLIT under this sentence shall not exceed the Escrow Amount, and any payments under this sentence
may be made from the Escrow Amount.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 5.20 <U>Parent
Company Loans to LLIT</U>. Any amounts that, as of immediately after the Closing and the Disposition, would be owed or payable
by LLIT or its Subsidiaries (other than the Surviving Corporation) to Hangzhou Lianluo or any of Hangzhou Lianluo&rsquo;s Affiliates,
whether in the form of intercompany payables, loans, or otherwise, shall be converted into additional paid-in capital of LLIT effective
at the Closing. For clarity, this <U>Section 5.21</U> shall not apply to any Indebtedness payable by Lianluo Connection that would
remain with Lianluo Connection after the Disposition or the pledge of Guardion Shares by LLIT to Hangzhou Lianluo to secure the
payment of certain loans owed by Lianluo Connection to Hangzhou Lianluo.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">ARTICLE VI<BR>
<BR>
CONDITIONS PRECEDENT TO THE MERGER</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 6.1    <U>Conditions
to Each Party&rsquo;s Obligations</U>. The obligations of each Party to consummate the transactions described herein shall be subject
to the satisfaction or written waiver (where permissible) by LLIT (acting through the LLIT Special Committee) and Newegg (acting
through the Newegg Special Committee) of the following conditions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)    <I>Required
LLIT Shareholder Approval</I>. The Merger, the Disposition, the Stock Split and related transactions submitted to the vote of the
shareholders of LLIT at the Shareholder Meeting, excluding the proposal to approve the adjournment of the Shareholder Meeting if
necessary to solicit additional proxies, in accordance with the Shareholder Meeting Notice shall have been approved by the requisite
vote of the shareholders of LLIT at the Shareholder Meeting in accordance with the Shareholder Meeting Notice, which shall in all
cases include the approval of a majority of the LLIT voting interests cast on the relevant proposal which are not beneficially
owned by Hangzhou Lianluo (the &ldquo;<B><I>Required Shareholder Vote</I></B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)    <I>Requisite
Regulatory Approvals</I>. All Consents or filings required to be obtained from or made with any Governmental Authority in order
to consummate the transactions contemplated by this Agreement, shall have been obtained or made. LLIT shall effect the Stock Split
on, or prior to, the Closing Date if required by NASDAQ rules in connection with the listing of LLIT on the NASDAQ following the
Closing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)    <I>Requisite
Consents</I>. The Consents required to be obtained from or made with any third Person (other than a Governmental Authority) in
order to consummate the transactions contemplated by this Agreement as set forth in&nbsp;<U>Schedule 6.1(c)</U>&nbsp;shall have
each been obtained or made.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)    <I>No
Legal Prohibition</I>. No Governmental Authority shall have enacted, issued, promulgated, enforced or entered any Law (whether
temporary, preliminary or permanent) or Order that is then in effect and which has the effect of making the transactions or agreements
contemplated by this Agreement or the Disposition Agreement illegal or which otherwise prevents or prohibits consummation of the
transactions contemplated by this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)    <I>No
Litigation</I>. There shall not be any pending Action brought by a third-party non-Affiliate to enjoin or otherwise restrict the
consummation of the Closing or the closing of the Disposition.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(f)    <I>Appointment
to the Board</I>. The members of LLIT&rsquo;s board of directors shall have been elected or appointed to LLIT&rsquo;s board of
directors as of the Closing consistent with the requirements of&nbsp;<U>Section 1.5</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(g)   &nbsp;<I>Disposition
Transaction</I>. All of the conditions to the obligations of each Party to consummate the Disposition described in the Disposition
Agreement shall have been satisfied, other than the Closing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(h)
&nbsp;<I>Opinion of Financial Advisor. </I>On or prior to the date of this Agreement, The Benchmark Company, LLC (the
&ldquo;<U>Financial Advisor</U>&rdquo;) shall have delivered to the board of LLIT, dated as of the date hereof, to the effect
that (subject to various qualifications and assumptions) the Merger Consideration was fair, from a financial point of view,
to the holders of LLIT Shares (the &ldquo;<U>Fairness Opinion</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(i)   &nbsp;<I>Form
F-4</I>. The Form F-4 shall have become effective under the Securities Act and shall not be the subject of any stop order or proceedings
seeking a stop order.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(j)   &nbsp;<I>Form
F-1</I>. The Form F-1 shall have become effective under the Securities Act and shall not be the subject of any stop order or proceedings
seeking a stop order.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(k)    &nbsp;<I>Simultaneous
Closing.</I> The Offering and Disposition are capable of being consummated on the Closing Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(l)   &nbsp;<I>Amendment
of Newegg Stockholder Agreement</I>. The certain amendment to the Stockholder Agreement, dated March 30, 2017, between Newegg and
certain stockholders of Newegg that is being entered into concurrently herewith shall be in full force and effect and shall be
assigned from Newegg to LLIT at the Closing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 6.2    <U>Conditions
to Obligations of LLIT and Merger Sub</U>. In addition to the conditions specified in&nbsp;<U>Section 6.1</U>, the obligations
of LLIT and Merger Sub to consummate the transactions contemplated by this Agreement are subject to the satisfaction or written
waiver (by LLIT acting through the LLIT Special Committee) of the following conditions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a) <I>Representations and Warranties</I>. All of the representations
and warranties of Newegg (including Newegg Subsidiaries) set forth in this Agreement and in any certificate delivered by Newegg
pursuant hereto shall be true and correct on and as of the date of this Agreement and on and as of the Closing Date as if made
on the Closing Date, except for (i) those representations and warranties that address matters only as of a particular date (which
representations and warranties shall have been accurate as of such date), and (ii) any failures to be true and correct that (without
giving effect to any qualifications or limitations as to materiality or Material Adverse Effect), individually or in the aggregate,
have not had and would not reasonably be expected to have a Material Adverse Effect on, or with respect to, Newegg and any Newegg
Subsidiary or materially and adversely affect Newegg&rsquo;s ability to consummate the transactions contemplated hereby.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)    <I>Agreements
and Covenants</I>. Newegg shall have performed in all material respects all of Newegg&rsquo;s obligations and complied in all material
respects with all of Newegg&rsquo;s agreements and covenants under this Agreement to be performed or complied with by it on or
prior to the Closing Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)    <I>No
Material Adverse Effect</I>. No Material Adverse Effect shall have occurred and be continuing with respect to Newegg and its Subsidiaries,
taken as a whole, since the date of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)   &nbsp;
<I>Closing Deliveries.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)    <I>Officer
Certificate</I>. Newegg shall have delivered to LLIT and Merger Sub a certificate, dated the Closing Date, signed by an executive
officer of Newegg in such capacity, certifying as to the satisfaction of the conditions specified in&nbsp;<U>Sections 6.3(a)</U>,&nbsp;<U>6.3(b)</U>&nbsp;and&nbsp;<U>6.3(c)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)    <I>Secretary
Certificate</I>. Newegg shall have delivered to LLIT and Merger Sub a certificate from its secretary certifying as to (A) copies
of Newegg&rsquo;s Organizational Documents as in effect as of the Closing Date, (B) the resolutions of Newegg&rsquo;s board of
directors authorizing the execution, delivery and performance of this Agreement and each of the Ancillary Documents to which it
is a party or by which it is bound, and the consummation of the transactions contemplated hereby and thereby, (C) evidence that
the Merger has been approved by the requisite vote of the shareholders of Newegg required under the DGCL, including the approval
of a majority of the Newegg voting interests which are not beneficially owned by Hangzhou Lianluo and (D) the incumbency of officers
authorized to execute this Agreement or any Ancillary Document to which Newegg is or is required to be a party or otherwise bound.</P>

<P STYLE="text-indent: 0.25in; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iii)    <I>Good
Standing</I>. Newegg shall have delivered to LLIT and Merger Sub a good standing certificate (or similar documents applicable for
such jurisdictions) for Newegg and each Newegg Subsidiary certified as of a date no later than five (5) days prior to the Closing
Date from the proper Governmental Authority of Newegg&rsquo;s and each Newegg Subsidiary&rsquo;s respective jurisdiction of organization
and from each other jurisdiction in which Newegg or such Newegg Subsidiary is qualified to conduct business as a foreign corporation
or other entity as of the Closing, in each case to the extent that good standing certificates or similar documents are generally
available in such jurisdictions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iv)    <I>Certified
Charter</I>. A copy of Newegg&rsquo;s Certificate of Incorporation, as in effect as of the Closing, certified by the appropriate
Governmental Authority of the Delaware as of a date no more than ten (10) Business Days prior to the Closing Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(v)    <I>Legal
Opinion</I>. Newegg shall have delivered to LLIT and Merger Sub a copy of a duly executed legal opinion addressed to LLIT and Merger
Sub and dated as of the Closing Date from Newegg&rsquo;s legal counsel in form and substance reasonably satisfactory to LLIT and
Merger Sub.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(vi) <I>Resignations</I>.
LLIT and Merger Sub shall have received duly executed written resignations, effective as of the Closing, of the directors and officers
of Newegg prior to the Closing in accordance with <U>Section 1.5</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)   &nbsp;
<I>Lock-Up Agreement</I>. The Lock-Up Agreements which are entered into concurrently herewith by and among Newegg, LLIT and any
Newegg stockholders who would hold more than 5% of the LLIT Shares, measured immediately after the Closing (the &ldquo;<U>Lock-Up
Agreement</U>&rdquo;), the form of which is attached as&nbsp;<U>Exhibit D</U>&nbsp;hereto, shall be in full force and effect in
accordance with the terms thereof as of the Closing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 6.3    <U>Conditions
to Obligations of Newegg</U>. In addition to the conditions specified in&nbsp;<U>Section 6.1</U>, the obligations of Newegg to
consummate the transactions contemplated by this Agreement are subject to the satisfaction or written waiver (by Newegg acting
through the Newegg Special Committee) of the following conditions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)    <I>Representations
and Warranties</I>. All of the representations and warranties of LLIT and the Merger Sub set forth in this Agreement and in any
certificate delivered by LLIT and the Merger Sub pursuant hereto shall be true and correct on and as of the date of this Agreement
and on and as of the Closing Date as if made on the Closing Date, except for (i) those representations and warranties that address
matters only as of a particular date (which representations and warranties shall have been accurate as of such date), and (ii)
any failures to be true and correct that (without giving effect to any qualifications or limitations as to materiality or Material
Adverse Effect), individually and in the aggregate, have not had and would not reasonably be expected to have a Material Adverse
Effect on, or with respect to, LLIT and its Subsidiaries.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)    <I>Agreements
and Covenants</I>. LLIT and the Merger Sub shall have performed in all material respects all of such Party&rsquo;s obligations
and complied in all material respects with all of such Party&rsquo;s agreements and covenants under this Agreement to be performed
or complied with by it on or prior to the Closing Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)    <I>No
Material Adverse Effect</I>. No Material Adverse Effect shall have occurred with respect to LLIT, the Merger Sub and any LLIT Subsidiary
since the date of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)    <I>Closing
Deliveries</I>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)    <I>Officer
Certificate</I>. Newegg shall have received a certificate from LLIT and the Merger Sub, dated as the Closing Date, signed by executive
officers of LLIT and the Merger Sub in such capacity, certifying as to the satisfaction of the conditions specified in&nbsp;<U>Sections
6.2(a)</U>,&nbsp;<U>6.2(b)</U>&nbsp;and&nbsp;<U>6.3(c)</U>.</P>

<P STYLE="text-indent: 0.25in; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)    <I>Secretary
Certificate</I>. Each of LLIT and the Merger Sub shall have delivered to Newegg a certificate from its executive officer certifying
as to (A) copies of LLIT and the Merger Sub&rsquo;s Organizational Documents as in effect as of the Closing Date, (B) the resolutions
of LLIT and the Merger Sub&rsquo;s board of directors and shareholders authorizing the execution, delivery and performance of this
Agreement and each of the Ancillary Documents to which it is a party or by which it is bound, and the consummation of the transactions
contemplated hereby and thereby, and (C) the incumbency of officers authorized to execute this Agreement or any Ancillary Document
to which Newegg is or is required to be a party or otherwise bound.</P>

<P STYLE="text-indent: 0.25in; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iii)    <I>Good
Standing</I>. LLIT and the Merger Sub shall have delivered to Newegg good standing certificates (or similar documents applicable
for such jurisdictions) for each LLIT Subsidiary certified as of a date no later than five (5) days prior to the Closing Date from
the proper Governmental Authority of the LLIT Subsidiary&rsquo;s jurisdiction of organization and from each other jurisdiction
in which the LLIT Subsidiary is qualified to conduct business as a foreign corporation or other entity as of the Closing, in each
case to the extent that good standing certificates or similar documents are generally available in such jurisdictions.</P>

<P STYLE="text-indent: 0.25in; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iv)    <I>Employment
Agreements</I>. LLIT shall have executed the employment agreements, in each case effective as of the Closing, in form and substance
reasonably satisfactory to Newegg (the &ldquo;<U>Employment Agreements</U>&rdquo;), between each of the persons set forth&nbsp;<U>Exhibit
B</U>&nbsp;hereto and LLIT.</P>

<P STYLE="text-indent: 0.25in; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(v)    <I>Legal
Opinion</I>. Newegg shall have received from LLIT and the Merger Sub a legal opinion addressed to Newegg and dated as of the Closing
Date from LLIT&rsquo;s legal counsel in form and substance reasonably satisfactory to Newegg.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(vi)   &nbsp;<I>Amended
and Restated Organizational Documents</I>. Newegg shall have received from LLIT a copy of the Amended Charter that will have been
approved by LLIT&rsquo;s shareholders at the Shareholder Meeting.</P>

<P STYLE="text-indent: 0.25in; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(vii)    <I>Board
Resolutions.</I>&nbsp;Newegg shall have received duly executed written resolutions of LLIT Board, in the agreed form, approving
the issuance of LLIT Exchange Shares in exchange for Newegg Shares; and the appointment of the directors and executive officers
(designated by Newegg prior to the Closing) effective as of the Closing in accordance with&nbsp;<U>Section 1.5</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xi)   &nbsp;<I>LLIT&rsquo;s
Investors Approval.</I> If required, the transaction contemplated by this Agreement shall have been approved by the investors pursuant
to certain Securities Purchase Agreements that the investors and LLIT entered into on February 12, February 21 and February 27,
2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(viii) <I>Effectiveness of Certain Ancillary
Documents</I>. Each of the Support Agreements and the Lock-Up Agreements shall be duly executed and delivered and in full force
and effect in accordance with the terms thereof as of the Closing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)    &nbsp;<I>NASDAQ
Listing Status</I>. Immediately prior to the Closing, (a) LLIT shall have been approved by NASDAQ Capital Market for the initial
listing; (b) LLIT shall have not received any notification indicating that the additional listing of LLIT Class A Shares as a result
of the issuance of LLIT Exchange Shares on the NASDAQ Capital Market are or will be rejected and (c) NASDAQ Capital Market has
notified LLIT that the review process for the Listing of Additional Shares Notification for the LLIT Exchange Shares has been completed,
if such listing of Additional Shares Notification is applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 6.4    <U>Frustration
of Conditions</U>. Notwithstanding anything contained herein to the contrary, no Party may rely on the failure of any condition
set forth in this&nbsp;<U>Article VI&nbsp;</U>to be satisfied if such failure was caused by the failure of such Party or its Affiliates
to comply with or perform any of its covenants or obligations set forth in this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">ARTICLE VII<BR>
<BR>
TERMINATION</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 7.1 <U>Termination</U>.
This Agreement may be terminated and the Merger may be abandoned at any time prior to the Effective Time only:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a) by mutual
written consent of LLIT (acting through the LLIT Special Committee) and Newegg (acting through the Newegg Special Committee);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b) by either
LLIT (acting through the LLIT Special Committee) or Newegg (acting through the Newegg Special Committee):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)     if
the Merger shall not have been consummated on or before April 30, 2021 (as extended as set forth below, the &ldquo;<U>Outside Date</U>&rdquo;);&nbsp;<U>provided</U>,&nbsp;<U>however</U>,
that the right to terminate this Agreement under this&nbsp;<U>Section 7.1(b)(i)</U>&nbsp;shall not be available to any Party whose
material breach of a representation, warranty or covenant in this Agreement has been a principal cause of the failure of the Merger
to be consummated on or before the Outside Date; <U>provided further</U> that the Outside Date shall be automatically extended
up to two additional times by one month each time if, on the then current Outside Date (A) all conditions to Closing contained
in <U>Article VI</U> (except for <U>Section 6.3(e)</U>) have been satisfied or waived, or are imminently capable of being satisfied,
(B) <U>Section 6.3(e)</U> is reasonably likely to be satisfied by the Outside Date, as extended, and (C) the Parties have exercised
and continue to exercise their best efforts to satisfy <U>Section 6.3(e)</U>;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)    &nbsp;if
any Governmental Authority of competent jurisdiction shall have issued an Order or taken any other action permanently restraining,
enjoining or otherwise prohibiting the Merger, and, in each case, such Order or action shall have become final and non-appealable;&nbsp;<U>provided</U>,&nbsp;<U>however</U>,
that the right to terminate under this&nbsp;<U>Section 7.1(b)(ii)</U>&nbsp;shall not be available to any Party whose material breach
of a representation, warranty or covenant in this Agreement has been the principal cause of such action;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iii)    if
the Required Shareholder Vote shall not have been obtained at the Shareholder Meeting;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iv)     if
any required approval by the Newegg shareholders shall not have been obtained within 5 days after the date hereof; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c) by Newegg
(acting through the Newegg Special Committee) (provided it is not then in material breach of any of its obligations under this
Agreement):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)   &nbsp;if
there is any breach of any representation, warranty, covenant or agreement on the part of LLIT or Merger Sub set forth in this
Agreement, or if any representation or warranty of LLIT or Merger Sub shall have become untrue, in either case such that the applicable
conditions set forth in&nbsp;<U>Section 6</U>&nbsp;would not be satisfied; provided, however, if such breach is curable by LLIT
or Merger Sub, then Newegg may not terminate this Agreement under this&nbsp;<U>Section 7.1(c)(i)</U>&nbsp;for so long as LLIT or
Merger Sub continue to exercise their best efforts to cure such breach, unless such breach is not cured within thirty (30) days
after notice of such breach is provided by Newegg to LLIT;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)    &nbsp;if
for any reason LLIT fails to call and hold the Shareholder Meeting within sixty (60) days following the filing of the F-4, unless
such failure is as a result of LLIT responding in good faith to comments on the Form F-4 or the Form F-1 received from the SEC
or comments received from NASDAQ;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iii)    &nbsp;if
the LLIT Board (or any subgroup or committee thereof) (A) withdraws, modifies or changes its recommendation of this Agreement or
the Merger in a manner adverse to Newegg or shall have resolved to do any of the foregoing, or (B)&nbsp;approves or recommends,
or proposes to approve or recommend, an Acquisition Proposal; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iv)    &nbsp;if
the Escrow Amount is not placed into the Escrow Account within five days hereof; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d) by LLIT
(acting through the LLIT Special Committee) (provided neither it nor its Subsidiaries are then in material breach of any of their
obligations under this Agreement):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)   &nbsp;if
there is any breach of any representation, warranty, covenant or agreement on the part of Newegg set forth in this Agreement, or
if any representation or warranty of Newegg shall have become untrue, in either case such that the applicable conditions set forth
in&nbsp;<U>Section 6</U>&nbsp;would not be satisfied; provided, however, if such breach is curable by Newegg, then LLIT may not
terminate this Agreement under this&nbsp;<U>Section 7.1(d)(i)</U>&nbsp;for so long as Newegg continues to exercise its best efforts
to cure such breach, unless such breach is not cured within thirty (30) days after notice of such breach is provided by LLIT to
Newegg; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)   &nbsp;if
the Newegg Board (or any subgroup or committee thereof) (A)&nbsp;withdraws, modifies or changes its recommendation of this Agreement
or the Merger in a manner adverse to LLIT or shall have resolved to do any of the foregoing, or (B) approves or recommends, or
proposes to approve or recommend, an Acquisition Proposal;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e) by Newegg
(acting through the Newegg Special Committee), if (i) Newegg receives a bona fide written offer prior to the approval of the LLIT
shareholders of the Merger at the Shareholder Meeting, and the Newegg Special Committee determines in good faith (based upon a
written opinion of an independent financial advisor) that such offer constitutes a superior offer to the stockholders of Newegg
(a &ldquo;<U>Newegg Superior Offer</U>&rdquo;) to the terms set forth herein, and (ii) the Newegg Special Committee determines
in good faith (based upon advice of counsel) that, in light of such Newegg Superior Offer, the withdrawal or modification of the
Newegg Board&rsquo;s approval is required in order for the Newegg Board to comply with its fiduciary obligations to Newegg&rsquo;s
stockholders under the DGCL or other applicable law; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(f) by LLIT
(acting through the LLIT Special Committee), if (i) LLIT receives a bona fide written offer prior to the approval of the LLIT shareholders
of the Merger at the Shareholder Meeting, and the LLIT Special Committee determines in good faith (based upon a written opinion
of an independent financial advisor) that such offer constitutes a superior offer for the stockholders of LLIT (a &ldquo;<U>LLIT
Superior Offer</U>&rdquo;) to the terms set forth herein, and (ii) the LLIT Special Committee determines in good faith (based upon
advice of counsel) that, in light of such LLIT Superior Offer, the withdrawal or modification of the LLIT Board&rsquo;s approval
is required in order for the LLIT Board to comply with its fiduciary obligations to LLIT&rsquo;s shareholders under the BVI Act
or other applicable law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The right of any Party hereto to terminate
this Agreement pursuant to this&nbsp;<U>Section 7.1</U>&nbsp;shall remain operative and in full force and effect regardless of
any investigation made by or on behalf of any Party hereto, any Person controlling any such Party or any of their respective officers
or directors, whether prior to or after the execution of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 7.2 <U>Effect
of Termination</U>. In the event of termination of this Agreement by either Newegg or LLIT, as provided in&nbsp;<U>Section 7.1</U>,
this Agreement shall forthwith become void, and there shall be no liability hereunder on the part of LLIT, Newegg and Merger Sub
or their respective officers or directors (except for confidentiality agreements, <U>Section 5.12</U>, <U>Section 5.13</U>, this
<U>Section 7.2</U> and the entirety of&nbsp;<U>Article VII</U>,&nbsp;<U>Article VIII</U> and <U>Article IX</U>, all of which shall
survive the termination);&nbsp;<U>provided</U>,&nbsp;<U>however</U>, that (i) in the event this Agreement is terminated pursuant
to <U>Section 7.1(b)(iii)</U>, <U>Section 7.1(c)</U>, or <U>Section 7.1(f)</U>, LLIT shall immediately pay to Newegg in cash or
by wire transfer of immediately available funds or by disbursement from the Escrow Account, an amount equal to $450,000, and (ii)
in the event this Agreement is terminated pursuant to&nbsp;<U>Section 7.1(b)(iv)</U>, <U>Section 7.1(d)</U> or <U>Section 7.1(e)</U>,
Newegg shall immediately pay LLIT in cash or by wire transfer of immediately available funds an amount equal to $450,000; and&nbsp;<U>provided</U>&nbsp;<U>further</U>&nbsp;that
nothing contained in this&nbsp;<U>Section 7.2</U>&nbsp;shall relieve any Party hereto from any liability for any willful breach
of a representation or warranty contained in this Agreement or the breach of any covenant contained in this Agreement or prevent
a Party from exercising its rights under&nbsp;<U>Section 9.8</U>. During the Interim Period, Newegg agrees to keep $450,000 of
cash available for the payment of the foregoing termination fee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">ARTICLE VIII<BR>
<BR>
SURVIVAL</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 8.1 <U>Representations
and Warranties</U>. The representations and warranties of each Party contained in <U>Article III</U> and <U>Article IV</U> shall
terminate and expire at the Closing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 8.2 <U>Covenants</U>.
The covenants and agreements contained in this Agreement shall survive the Closing until the applicable statute of limitations
has expired or until such covenant or agreement has been fully performed or waived, whichever is later.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">ARTICLE IX<BR>
<BR>
GENERAL PROVISIONS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 9pt; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 9.1 <U>Notices</U>.
All notices and other communications hereunder shall be in writing and shall be deemed given when delivered personally, one day
after being delivered to a nationally recognized overnight courier or on the Business Day received (or the next Business Day if
received after 5:00 p.m. local time or on a weekend or day on which banks are closed) when sent via facsimile (with a confirmatory
copy sent by overnight courier) to the Parties at the following addresses (or at such other address for a Party as shall be specified
by like notice):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 9pt; text-align: justify; text-indent: 1in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 55%"><FONT STYLE="font-size: 10pt"><I>If to the LLIT or Merger Sub at or prior to the Closing, to:</I></FONT></TD>
    <TD STYLE="width: 45%"><FONT STYLE="font-size: 10pt"><I>with a copy (which will not constitute notice) to:</I></FONT></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Lianluo Smart Ltd.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Bevilacqua PLLC</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Room 611, 6th Floor</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">1050 Connecticut Avenue, NW, Suite 500</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">BeiKong Technology Building </FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Attention: Kevin Sun, Esq.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">No. 10 Baifuquan Road, Changping District</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Beijing 102200, People&rsquo;s Republic of China</P></TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Facsimile No.: (202) 869-0889</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Telephone No.: (202) 869-0888 (ext. 101)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">E mail:&nbsp;kevin@bevilacquapllc.com</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Attention: Yingmei Yang</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Telephone No.: 86-10-89788107</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Email: yangyingmei@lianluo.com</P></TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Kaufman &amp; Canoles, P.C.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Two James Center, 14th Floor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1021 E. Cary St.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Richmond, VA 23219</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Attention: Anthony W. Basch, Esq.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Telephone No: (804) 771-5725</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Email: awbasch@kaufcan.com</P></TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 1.5pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt"><I>If to Newegg, to:</I></FONT></TD>
    <TD><FONT STYLE="font-size: 10pt"><I>with a copy (which will not constitute notice) to:</I></FONT></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Newegg Inc.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Hunter Taubman Fischer &amp; Li LLC</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">17560 Rowland Street</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">City of Industry, CA 91748</P></TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">800 Third Avenue, Suite 2800</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">New York, New York 10022</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Attention: James Yang and Matt Strathman</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Attention: Joan Wu, Esq.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Telephone No.: (626) 271.9700 x22010 and x 22183</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Facsimile No.: (212) 202-6380</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Email:&nbsp;James.J.Yang@newegg.com</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Telephone No.: (212) 530-2208</FONT></TD></TR>
<TR>
    <TD STYLE="padding-left: 0.25in">&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Matt.O.Strathman@newegg.com</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">Email:&nbsp;<U>jwu@htflawyers.com</U></FONT></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt"><I>If to LLIT after the Closing, to:</I></FONT></TD>
    <TD><FONT STYLE="font-size: 10pt"><I>with a copy (which will not constitute notice) to:</I></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Hunter Taubman Fischer &amp; Li LLC</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">800 Third Avenue, Suite 2800</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">New York, New York 10022</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Attention: Joan Wu, Esq.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Facsimile No.: (212) 202-6380</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Telephone No.: (212) 530-2208</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Email:&nbsp;<U>jwu@htflawyers.com</U></P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 9.2 <U>Interpretation</U>.
When a reference is made in this Agreement to a Section, such reference shall be to a Section of this Agreement unless otherwise
indicated. The table of contents, table of defined terms and headings contained in this Agreement are for reference purposes only
and shall not affect in any way the meaning or interpretation of this Agreement. Whenever the words &ldquo;include,&rdquo; &ldquo;includes&rdquo;
or &ldquo;including&rdquo; are used in this Agreement, they shall be deemed to be followed by the words &ldquo;without limitation.&rdquo;
The words &ldquo;hereof,&rdquo; &ldquo;herein&rdquo; and &ldquo;hereunder&rdquo; and words of similar import when used in this
Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement. All terms defined in
this Agreement shall have the defined meanings when used in any certificate or other document made or delivered pursuant thereto
unless otherwise defined therein. The definitions contained in this Agreement are applicable to the singular as well as the plural
forms of such terms and to the masculine as well as to the feminine and neuter genders of such term. Any agreement, instrument
or statute defined or referred to herein or in any agreement or instrument that is referred to herein means such agreement, instrument
or statute as from time to time amended, modified or supplemented, including (in the case of agreements or instruments) by waiver
or consent and (in the case of statutes) by succession of comparable successor statutes and references to all attachments thereto
and instruments incorporated therein. Each of the Parties has participated in the drafting and negotiation of this Agreement. If
an ambiguity or question of intent or interpretation arises, this Agreement must be construed as if it is drafted by all the Parties,
and no presumption or burden of proof shall arise favoring or disfavoring any Party by virtue of authorship of any of the provisions
of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 9.3 <U>Counterparts</U>.
This Agreement may be executed in counterparts, all of which shall be considered one and the same agreement, and shall become effective
when one or more counterparts have been signed by each of the Parties and delivered to the other Parties. In the event that any
signature is delivered by facsimile transmission or email attachment, such signature shall create a valid and binding obligation
of the Party executing (or on whose behalf such signature is executed) with the same force and effect as if such facsimile or email-attached
signature page were an original thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 9.4 <U>Entire
Agreement; No Third-Party Beneficiaries</U>. This Agreement constitutes the entire agreement and supersedes all prior agreements
and understandings, both written and oral, among the Parties with respect to the subject matter of this Agreement. This Agreement
is not intended to confer upon any Person other than the Parties hereto any rights or remedies hereunder;&nbsp;<U>provided</U>,&nbsp;<U>however</U>,
that following the Effective Time, each holder of Newegg Shares shall be entitled to enforce the provisions of&nbsp;<U>Article
I</U>&nbsp;to the extent necessary to receive the LLIT Exchange Shares to which such holder is entitled pursuant to&nbsp;<U>Article
I</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 9.5 <U>Governing
Law</U>. Except to the extent that the laws of the British Virgin Islands shall apply to the internal corporate governance of LLIT,
this Agreement shall be governed by and construed in accordance with the laws of the State of Delaware, without giving effect to
any choice or conflict of law provision or rule that would cause the application of the laws of any jurisdiction other than the
State of Delaware. &nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 9.6 <U>Amendment</U>.
This Agreement may not be amended except by an instrument in writing signed on behalf of LLIT (acting through the LLIT Special
Committee) and Newegg (acting through the Newegg Special Committee).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 9.7 <U>Waiver</U>.
At any time prior to the Effective Time, LLIT and Merger Sub (acting jointly through the LLIT Special Committee) and Newegg (acting
through the Newegg Special Committee) may, to the extent legally allowed: (i) extend the time for the performance of any of the
obligations or other acts of the other Parties hereto, (ii) waive any inaccuracies in the representations and warranties of the
other Party contained herein or in any document delivered pursuant hereto, and (iii) waive compliance with any of the covenants,
agreements or conditions of the other Party contained herein. Any agreement on the part of a Party hereto to any such extension
or waiver shall be valid only if set forth in an instrument in writing signed on behalf of such Party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 9.8 <U>Specific
Performance; Submission to Jurisdiction</U>. The Parties agree that irreparable damage would occur if any of the provisions of
this Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed
that each of the Parties shall be entitled (in addition to any other remedy that may be available to it, including monetary damages)
to seek an injunction or injunctions to prevent breaches of this Agreement and to seek to enforce specifically the terms and provisions
of this Agreement exclusively in the Court of Chancery of the State of Delaware; provided, that if jurisdiction is not then available
in the Court of Chancery of the State of Delaware, then any such legal action or proceeding may be brought in any federal court
located in the State of Delaware or any other Delaware state court. In addition, each of the Parties irrevocably agrees that any
legal action or proceeding with respect to this Agreement and the rights and obligations arising hereunder, or for recognition
and enforcement of any judgment in respect of this Agreement and the rights and obligations arising hereunder brought by the other
Party hereto or its successors or assigns, shall be brought and determined exclusively in the Court of Chancery of the State of
Delaware; provided, that if jurisdiction is not then available in the Court of Chancery of the State of Delaware, then any such
legal action or proceeding may be brought in any federal court located in the State of Delaware or any other Delaware state court.
Each of the Parties hereby irrevocably submits with regard to any such action or proceeding for itself and in respect of its property,
generally and unconditionally, to the personal jurisdiction of the aforesaid courts and agrees that it will not bring any action
relating to this Agreement or any of the transactions contemplated by this Agreement in any court other than the aforesaid courts.
Each of the Parties hereby irrevocably waives, and agrees not to assert, by way of motion, as a defense, counterclaim or otherwise,
in any action or proceeding with respect to this Agreement, (a) any claim that it is not personally subject to the jurisdiction
of the above named courts for any reason other than the failure to serve, (b) any claim that it or its property is exempt or immune
from jurisdiction of any such court or from any legal process commenced in such courts (whether through service of notice, attachment
prior to judgment, attachment in aid of execution of judgment, execution of judgment or otherwise) and (c) to the fullest extent
permitted by the applicable law, any claim that (i) the suit, action or proceeding in such court is brought in an inconvenient
forum, (ii) the venue of such suit, action or proceeding is improper, or (iii) this Agreement, or the subject matter of this Agreement,
may not be enforced in or by such courts. LLIT, Newegg and Merger Sub hereby consent to service being made through the notice procedures
set forth in&nbsp;<U>Section 9.1</U>&nbsp;and agree that service of any process, summons, notice or document by registered mail
(return receipt requested and first-class postage prepaid) to the respective addresses set forth in&nbsp;<U>Section 9.1</U>&nbsp;shall
be effective service of process for any suit or proceeding in connection with this Agreement or the transactions contemplated by
this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 9.9 <U>Waiver
of Jury Trial</U>. EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO INVOLVE
COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE EACH SUCH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT SUCH PARTY
MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, OR
THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. EACH PARTY CERTIFIES AND ACKNOWLEDGES THAT (a) NO REPRESENTATIVE, AGENT OR ATTORNEY
OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO
ENFORCE THE FOREGOING WAIVER, (b) EACH PARTY UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (c) EACH PARTY MAKES
THIS WAIVER VOLUNTARILY, AND (d) EACH PARTY HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS
AND CERTIFICATIONS IN THIS&nbsp;<U>SECTION 9.9</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 9.10    &nbsp;<U>Assignment</U>.
Neither this Agreement nor any of the rights, interests or obligations hereunder shall be assigned by any of the Parties hereto
(whether by operation of law or otherwise) without the prior written consent of the other Parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 9.11    &nbsp;<U>Expenses</U>.
All costs and expenses incurred in connection with this Agreement and the transactions contemplated hereby, including the fees
and disbursements of counsel, financial advisors and accountants, shall be paid by the Party incurring such costs and expenses,
whether or not the Merger shall be consummated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 9.12    &nbsp;<U>Severability</U>.
If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any rule of law or public
policy, all other terms, conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long
as the economic and legal substance of the transactions contemplated hereby are not affected in any manner materially adverse to
any Party. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the Parties
shall negotiate in good faith to modify this Agreement so as to effect the original intent of the Parties as closely as possible
in a mutually acceptable manner in order that the transactions contemplated by this Agreement may be consummated as originally
contemplated to the fullest extent possible.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 9.13    &nbsp;<U>Legal
Representation</U>. Each Party hereto acknowledges that it has been given the opportunity to be represented by independent legal
counsel in the preparation of this Agreement and hereby waives any allegations that it has not been represented by its own counsel.
The language used in this Agreement will be deemed to be the language chosen by the Parties with the advice of counsel to express
their mutual intent, and no rules of strict construction will be applied against any Party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 9.14    &nbsp;<U>Special
Committee Decisions</U>. All material decisions with respect to this Agreement, the Escrow Agreement and any other Ancillary Agreements
and the transactions contemplated herein and therein, including the decision to enforce rights hereto and thereto or initiate Actions
with respect hereto and thereto, where the interests of Hangzhou Lianluo or any of its Affiliates are materially different from
the interests of any other stockholders of (i) LLIT, shall be determined by the LLIT Special Committee, or (ii)&nbsp;Newegg, shall
be determined by the Newegg Special Committee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 9.15    &nbsp;<U>Definitions</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a) In this
Agreement, the following terms have the meanings specified or referred to in this&nbsp;<U>Section 9.15(a)</U>&nbsp;and shall be
equally applicable to both the singular and plural forms.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT>&ldquo;<U>$</U>&rdquo; means United States dollars.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT>&ldquo;<U>Acquisition Proposal</U>&rdquo; means any inquiry, proposal or offer, or any indication of interest in making
an offer or proposal, from any Person or group at any time relating to an Alternative Transaction, and (ii) an &ldquo;<U>Alternative
Transaction</U>&rdquo; means with respect to (A) Newegg and its respective Affiliates and (B) LLIT and its Affiliates, a transaction
(other than the transactions contemplated by this Agreement) concerning the sale of (x) all or any material part of the business
or assets of any Newegg Subsidiaries or LLIT (including any LLIT Subsidiary) or (y) any of the shares or other equity interests
or profits of any Newegg Subsidiaries or LLIT (including any LLIT Subsidiary), in any case, whether such transaction takes the
form of a sale of shares or other equity, assets, merger, consolidation, issuance of debt securities, management Contract, joint
venture or partnership, or otherwise</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT>&ldquo;<U>Action</U>&rdquo; means any claim, action, suit, proceeding, arbitration, mediation or investigation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif">  &nbsp;
</FONT>&ldquo;<U>Affiliate</U>&rdquo; means, with respect to any Person, any other Person which directly or indirectly controls,
is controlled by or is under common control with such Person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(v)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT>&ldquo;<U>Benefit Plan</U>&rdquo; means any &ldquo;employee benefit plan&rdquo; as defined in Section 3(3) of ERISA and
any other plans, programs, policies, agreements or arrangements in each case that provide compensation or other benefits to any
employee of LLIT or Newegg, as applicable, whether or not subject to ERISA, currently maintained or sponsored by LLIT or Newegg,
as applicable, or any ERISA Affiliate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin: 0pt 0 0pt 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(vi)<FONT STYLE="font-family: Times New Roman, Times, Serif">  &nbsp;
</FONT>&ldquo;<U>Business Day</U>&rdquo; means any day other than a Saturday, Sunday or a day on which the banks in New York, Hong
Kong and/or China are authorized by law or executive order to be closed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(vii)<FONT STYLE="font-family: Times New Roman, Times, Serif"> &nbsp;
</FONT>&ldquo;<U>BVI Act</U>&rdquo; means the British Virgin Islands Business Companies Act, 2004, as amended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(viii)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT>&ldquo;<U>Confidential Information</U>&rdquo; means all confidential or proprietary documents and information concerning
the LLIT, Merger Sub, Newegg or any of their respective Representatives, furnished in connection with this Agreement or the transactions
contemplated hereby; provided, however, that Confidential Information shall not include any information which, (i) at the time
of disclosure by LLIT, Merger Sub, Newegg or any of their respective Representatives, is generally available publicly and was not
disclosed in breach of this Agreement or (ii) at the time of the disclosure by LLIT, Merger Sub, Newegg or any of their respective
Representatives, was previously known by such receiving Party without violation of Law or any confidentiality obligation by the
Person receiving such Confidential Information .</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin: 0pt 0 0pt 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ix)<FONT STYLE="font-family: Times New Roman, Times, Serif">  &nbsp;
</FONT>&ldquo;<U>Consent</U>&rdquo; means any consent, approval, waiver, authorization or Permit of, or notice to or declaration
or filing with any Governmental Authority or any other Person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin: 0pt 0 0pt 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(x)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT>&ldquo;<U>Contract</U>&rdquo; means any contract, agreement, instrument, guarantee, indenture, note, bond, mortgage, permit,
franchise, concession, commitment, lease, license, arrangement, obligation or understanding, whether written or oral.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xi)<FONT STYLE="font-family: Times New Roman, Times, Serif">  &nbsp;
</FONT>&ldquo;<U>Governmental Authority</U>&rdquo; means domestic or foreign governmental, administrative, judicial or regulatory
authority.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin: 0pt 0 0pt 1.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xii)<FONT STYLE="font-family: Times New Roman, Times, Serif"> &nbsp;
</FONT>&ldquo;<U>Indebtedness</U>&rdquo; of any Person means (a) all indebtedness of such Person for borrowed money (including
the outstanding principal and accrued but unpaid interest) or for the deferred purchase price of property or services, (b) any
other indebtedness of such Person that is evidenced by a note, bond, debenture, credit agreement or similar instrument, (c) all
obligations of such Person under leases that should be classified as capital leases in accordance with GAAP, (d) all obligations
of such Person for the reimbursement of any obligor on any line or letter of credit, banker&rsquo;s acceptance, guarantee or similar
credit transaction, in each case, that has been drawn or claimed against, (e) all obligations of such Person in respect of acceptances
issued or created, (f) all interest rate and currency swaps, caps, collars and similar agreements or hedging devices under which
payments are obligated to be made by such Person, whether periodically or upon the happening of a contingency, (g) all obligations
secured by an Lien on any property of such Person and (h) any premiums, prepayment fees or other penalties, fees, costs or expenses
associated with payment of any Indebtedness of such Person and (h) all obligation described in clauses (a) through (h) above of
any other Person which is directly or indirectly guaranteed by such Person or which such Person has agreed (contingently or otherwise)
to purchase or otherwise acquire or in respect of which it has otherwise assured a creditor against loss.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin: 0pt 0 0pt 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xiii)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT>&ldquo;<U>Intellectual Property</U>&rdquo; means (a) all registered and unregistered trademarks, service marks, logos, corporate
names, trade names, internet domain names and other indications of origin, together with all translations, adaptations, derivations
and combinations thereof, the goodwill associated with the foregoing and registrations and renewals in any jurisdiction, and applications
in any jurisdiction to register the same (&ldquo;<U>Trademarks</U>&rdquo;); (b) all issued U.S. and foreign patents and pending
patent applications, including, without limitation, divisionals, continuation, continuation in part, continuing and renewal applications
(&ldquo;<U>Patents</U>&rdquo;); (c) all registered and unregistered copyrights, copyrightable and copyright works and all registration,
renewals and applications to register the same (whether or not constituting &ldquo;work made for hire&rdquo; as defined in 17 U.S.C.
Sections 101 and 201(b)(4)) (&ldquo;<U>Copyrights</U>&rdquo;); (d) all protectable items of trade dress; (e) all computer software
(including source code, executable code, systems and networks tools) and protectable databases, whether owned or under development
or otherwise (&ldquo;<U>Software</U>&rdquo;); (f) all confidential and proprietary trade secrets, inventions, ideas, discoveries
(whether or not patentable and whether or not reduced to practice), know-how, processes, procedures, drawings, specifications,
designs, plans, proposals, customer and supplier lists, independent contractor lists, pricing and cost information or other technical
data or confidential business information, together with all documentation and media constituting or describing any of the foregoing
and tangible embodiments thereof (in whatever form of media and whether or not registered) (&ldquo;<U>Trade Secrets</U>&rdquo;);
(g) all claims of infringement against third parties; and (h) other such rights generally classified as intangible, intellectual
property assets.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin: 0pt 0 0pt 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xiv)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT>&ldquo;<U>Internet Assets</U>&rdquo; means any all domain name registrations, web sites and web pages and related rights,
items and documentation related thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin: 0pt 0 0pt 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xv)<FONT STYLE="font-family: Times New Roman, Times, Serif"> &nbsp;
</FONT>&ldquo;<U>IP Licenses</U>&rdquo; means all licenses, sublicenses and other agreements or permissions, under which a Person
is a licensee or otherwise is authorized to use or practice any Intellectual Property.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xvi)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT>&ldquo;<U>IRS</U>&rdquo; means the Internal Revenue Service.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xvii)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT>&ldquo;<U>Knowledge of LLIT</U>&rdquo; means the actual knowledge of the directors and officers of LLIT.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xviii)<FONT STYLE="font-family: Times New Roman, Times, Serif">   &nbsp;
</FONT>&ldquo;<U>Knowledge of Newegg</U>&rdquo; means the actual knowledge of the directors and officers of Newegg.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin: 0pt 0 0pt 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xix)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT>&ldquo;<U>Laws</U>&rdquo; means any federal, state, local or foreign order, writ, injunction, judgment, settlement, award,
decree, statute, law, rule or regulation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xx)<FONT STYLE="font-family: Times New Roman, Times, Serif"> &nbsp;
</FONT>&ldquo;<U>Liability</U>&rdquo; means any liability, indebtedness, or obligation of any kind (whether accrued, absolute,
contingent, matured, unmatured, determined, determinable, or otherwise, and whether or not required to be recorded or reflected
on a balance sheet under GAAP).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xxi)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT>&ldquo;<U>Lien</U>&rdquo; means, with respect to any asset, any mortgage, deed of trust, lien, pledge, charge, security
interest, title retention device, collateral assignment, adverse claim, restriction or other encumbrance of any kind in respect
of such asset (including any restriction on the voting of any security, any restriction on the transfer of any security or other
asset, any restriction on the receipt of any income derived from any asset, any restriction on the use of any asset and any restriction
on the possession, exercise or transfer of any other attribute of ownership of any asset).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xxii)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT>&ldquo;<U>Material Adverse Effect</U>&rdquo; means, with respect to a particular Person, any effect that is or would be
materially adverse to the business, operations, assets, condition (financial or otherwise) or results of operations of such Person
and its Subsidiaries, taken as a whole, or to the ability of such Person to enter into or perform its obligations under this Agreement
or any Ancillary Agreement or to consummate the transactions hereunder or thereunder; provided, however, that with respect to LLIT
or its Subsidiaries, &ldquo;Material Adverse Effect&rdquo; shall be measured after giving effect to the Disposition and shall also
include any effect that is or would be reasonably expected to be materially adverse to the issuance and listing of the LLIT Exchange
Shares on NASDAQ.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xxiii)<FONT STYLE="font-family: Times New Roman, Times, Serif">   &nbsp;
</FONT>&ldquo;<U>Newegg Board</U>&rdquo; means the Board of Directors of Newegg.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xxiv)<FONT STYLE="font-family: Times New Roman, Times, Serif">   &nbsp;
</FONT>&ldquo;<U>Order</U>&rdquo; means any order, injunction, judgment, decree or ruling enacted, adopted, promulgated or applied
by a Governmental Authority or arbitrator.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xxv)<FONT STYLE="font-family: Times New Roman, Times, Serif">    &nbsp;
</FONT>&ldquo;<U>Organizational Documents</U>&rdquo; means the certificate of incorporation and bylaws, or documents of similar
import, for an entity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xxvi)<FONT STYLE="font-family: Times New Roman, Times, Serif">   &nbsp;
</FONT>&ldquo;<U>Permits</U>&rdquo; means all permits (including environmental, construction and operational permits), licenses,
franchises, certificates, approvals, registrations, authorizations, variances and similar rights issued by any Governmental Entity
and all pending applications therefor and renewals thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xxvii)<FONT STYLE="font-family: Times New Roman, Times, Serif">  &nbsp;
</FONT>&ldquo;<U>Permitted Lien</U>&rdquo; means (i) Liens for current taxes and assessments not yet past due or the amount or
validity of which is being contested in good faith by appropriate proceedings, (ii) mechanics&rsquo;, workmen&rsquo;s, repairmen&rsquo;s,
warehousemen&rsquo;s and carriers&rsquo; Liens arising in the ordinary course of business of LLIT or Newegg, as applicable, consistent
with past practice and (iii) any such matters of record, Liens and other imperfections of title that do not, individually or in
the aggregate, materially impair the continued ownership, use and operation of the assets to which they relate in the business
of LLIT or Newegg, as applicable, as currently conducted.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xxviii)<FONT STYLE="font-family: Times New Roman, Times, Serif"> &nbsp;
</FONT>&ldquo;<U>Person</U>&rdquo; means any individual, corporation, partnership, limited liability company, joint venture, association,
joint-stock company, estate, Governmental Authority, trust or unincorporated organization.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin: 0pt 0 0pt 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xxix)<FONT STYLE="font-family: Times New Roman, Times, Serif">   &nbsp;
</FONT>&ldquo;<U>Personal Property</U>&rdquo; means any machinery, equipment, tools, vehicles, furniture, leasehold improvements,
office equipment, plant, parts and other tangible personal property.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xxx)<FONT STYLE="font-family: Times New Roman, Times, Serif">    &nbsp;
</FONT>&ldquo;<U>Registered IP</U>&rdquo; means all Patents, Trademarks, Internet Assets and Copyrights owned or licensed by a
Person or otherwise used or held for use by a Person in which a Person is the owner, applicant or assignee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xxxi)<FONT STYLE="font-family: Times New Roman, Times, Serif">   &nbsp;
</FONT>&ldquo;<U>Representative</U>&rdquo; means any officers, directors or employees, and financial advisors, attorneys or other
advisors or representatives.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xxxii)<FONT STYLE="font-family: Times New Roman, Times, Serif">  &nbsp;
</FONT>&ldquo;<U>Stock Split</U>&rdquo; means the reverse stock split of the LLIT Shares required in anticipation of the Closing
in order for the LLIT Shares to meet the minimum bid price requirement for initial listing on the NASDAQ Capital Market.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xxxiii)<FONT STYLE="font-family: Times New Roman, Times, Serif"> &nbsp;
</FONT>&ldquo;<U>Subsidiary</U>&rdquo; means any corporation, partnership, limited liability company, joint venture, trust, association
or other entity of which Newegg or LLIT, as the case may be (either alone or through or together with any other Subsidiary), owns,
directly or indirectly, (i)&nbsp;50% or more of the stock or other equity interests the holders of which are generally entitled
to elect at least a majority of the Board of Directors or other governing body of such corporation, partnership, limited liability
company, joint venture, trust, association or other entity or (ii)&nbsp;if there are no such voting interests, 50% or more of the
equity interests in such corporation, partnership, limited liability company, joint venture, trust, association or other entity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin: 0pt 0 0pt 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xxxiv)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT>&ldquo;<U>Tax</U>&rdquo; or &ldquo;<U>Taxes</U>&rdquo; means any federal, state, local or foreign income, gross receipts,
property, sales, use, license, excise, franchise, employment, payroll, withholding, alternative or added minimum, ad valorem, value-added,
transfer or excise, tax, or other tax, custom, duty, governmental fee or other like assessment or charge of any kind whatsoever,
together with any additions to tax, interest or penalty imposed by any Governmental Authority.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xxxv)<FONT STYLE="font-family: Times New Roman, Times, Serif">  &nbsp;
</FONT>&ldquo;<U>Tax Return</U>&rdquo; means any return, report or similar statement (including the attached schedules) required
to be filed with respect to any Tax, including any information return, claim for refund, amended return or declaration of estimated
Tax.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin: 0pt 0 0pt 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xxxvi)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT>&ldquo;<U>Top Customer</U>&rdquo; means by dollar&nbsp;volume paid for each of (a) the twelve (12) months ended on the December
31, 2019 and (b) the period from January 1, 2020 to the end of the Interim Period, the ten (10) largest customers of Newegg or
LLIT.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xxxvii)<FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT>&ldquo;<U>Top Supplier</U>&rdquo; means by dollar&nbsp;volume paid for each of (a) the twelve (12) months ended on the December
31, 2019 and (b) the period from January 1, 2020 to the end of the Interim Period, the five (5) largest suppliers of goods or services
to Newegg or LLIT.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin: 0pt 0 0pt 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xxxviii) &ldquo;<U>Trading
Day</U>&rdquo; means, as applicable, (x) with respect to all price or trading volume determinations relating to LLIT Class A Shares,
any day on which the LLIT Class A Share is eligible for trading on the NASDAQ Capital Market, or, if the NASDAQ Capital Market
is not the principal trading market for the LLIT Class A Shares, then on the principal securities exchange or securities market
on which the LLIT Class A Share is then traded, provided that &ldquo;<U>Trading Day</U>&rdquo; shall not include any day on which
the LLIT Class A Share is scheduled to trade on such exchange or market for less than 4.5 hours or any day that the LLIT Class
A Share is suspended from trading during the final hour of trading on such exchange or market (or if such exchange or market does
not designate in advance the closing time of trading on such exchange or market, then during the hour ending at 4:00:00 p.m., New
York time) or (y) with respect to all determinations other than price determinations relating to the LLIT Class A Shares, any day
on which The New York Stock Exchange (or any successor thereto) is open for trading of securities</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>IN WITNESS WHEREOF</B>, LLIT, Merger Sub
and Newegg have caused this Agreement to be signed by their respective officers thereunto duly authorized all as of the date first
written above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">LIANLUO SMART LIMITED</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 36%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 60%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid"><FONT STYLE="font-size: 10pt">/s/ Bin Lin</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Name: Bin Lin </FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Title: Chief Executive Officer</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">LIGHTNING DELAWARE SUB, INC.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid"><FONT STYLE="font-size: 10pt">/s/ Bin Lin</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Name: Bin Lin</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Title: Chief Executive Officer </FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">NEWEGG INC.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid"><FONT STYLE="font-size: 10pt">/s/ Anthony Chow</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Name: Anthony Chow</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Title: Chief Executive Officer</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Exhibit A</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Support Agreements</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">[see attached]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Page; Sequence: 51; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Exhibit B</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">LLIT Directors &amp; Officers &ndash; Post-Closing</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1.5pt solid; width: 32%">NAME</TD>
    <TD STYLE="padding-bottom: 1.5pt; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; width: 35%">POSITION</TD>
    <TD STYLE="padding-bottom: 1.5pt; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; width: 31%">APPOINTED BY</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>Anthony Chow</TD>
    <TD>&nbsp;</TD>
    <TD>Director and Chief Executive Officer</TD>
    <TD>&nbsp;</TD>
    <TD>Minority Representative</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>Robert Chang</TD>
    <TD>&nbsp;</TD>
    <TD>Chief Financial Officer</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>Jamie Spannos</TD>
    <TD>&nbsp;</TD>
    <TD>Chief Operating Officer</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>Montaque Hou</TD>
    <TD>&nbsp;</TD>
    <TD>Chief Technology Officer</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>Matt Strathman</TD>
    <TD>&nbsp;</TD>
    <TD>General Counsel</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>Zhitao &ldquo;Tom&rdquo; He</TD>
    <TD>&nbsp;</TD>
    <TD>Chairman of the Board</TD>
    <TD>&nbsp;</TD>
    <TD>Hangzhou Lianluo</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>Fred Faching Chang</TD>
    <TD>&nbsp;</TD>
    <TD>Director, Vice Chairman of the Board</TD>
    <TD>&nbsp;</TD>
    <TD>Minority Representative</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>Yingmei Yang</TD>
    <TD>&nbsp;</TD>
    <TD>Director</TD>
    <TD>&nbsp;</TD>
    <TD>Hangzhou Lianluo</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>Gregory Moore</TD>
    <TD>&nbsp;</TD>
    <TD>Independent Director</TD>
    <TD>&nbsp;</TD>
    <TD>Minority Representative</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>Paul Wu</TD>
    <TD>&nbsp;</TD>
    <TD>Independent Director</TD>
    <TD>&nbsp;</TD>
    <TD>Hangzhou Lianluo</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>[to be determined]</TD>
    <TD>&nbsp;</TD>
    <TD>Independent Director</TD>
    <TD>&nbsp;</TD>
    <TD>Hangzhou Lianluo</TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Exhibit C</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Form of Amended Charter for LLIT Post-Closing</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[see attached]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Page; Sequence: 53; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt">C-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Exhibit D</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Form of Lock-Up Agreement</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">THIS LOCK-UP AGREEMENT
(this &ldquo;<B><I>Agreement</I></B>&rdquo;) is made as of [&#9679;], 2020 by and among <B>Lianluo Smart Limited.</B>, a British
Virgin Islands company, which will be known after the consummation of the transactions contemplated by the Merger Agreement (as
defined below) as &ldquo;Newegg Commerce, Inc.&rdquo; (including any successor entity thereto, the &ldquo;<B><I>Parent</I></B>&rdquo;),
and the undersigned (&ldquo;<B><I>Holder</I></B>&rdquo;). Any capitalized term used but not defined in this Agreement will have
the meaning ascribed to such term in the Merger Agreement (as defined herein below).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, on
[&#9679;], 2020, the Parent entered into that certain Merger Agreement (as amended from time to time in accordance with the terms
thereof, the &ldquo;<B><I>Merger Agreement</I></B>&rdquo;), by and among (i) the Parent, (ii) Newegg, Inc., a Delaware corporation
(the &ldquo;<B><I>Company</I></B>&rdquo;), and (iii) Lightning Delaware Sub, Inc., Delaware corporation and wholly owned
subsidiary of the Parent (the &ldquo;<B><I>Merger Sub</I></B>&rdquo;), pursuant to which the Merger Sub will merge with and into
the Company, with the Company continuing as the surviving entity and a wholly-owned subsidiary of the Parent (the &ldquo;<B><I>Merger</I></B>&rdquo;),
and as a result of which, among other matters, all of the issued and outstanding capital shares of the Company, immediately prior
to the consummation of the Merger (the &ldquo;<B><I>Closing</I></B>&rdquo;), shall no longer be outstanding and shall automatically
be cancelled and shall cease to exist, in exchange for the LLIT Exchange Shares, and each outstanding Company option shall be assumed
by the Parent and automatically converted into an option exercisable into LLIT Class A Shares (as equitably adjusted), all upon
the terms and subject to the conditions set forth in the Merger Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, immediately
prior to the Closing, each Holder is a beneficial holder of the Company&rsquo;s securities, in such amounts as set forth underneath
Holder&rsquo;s name on the signature page hereto; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, pursuant
to the Merger Agreement, and in view of the valuable consideration to be received by Holder thereunder, the Parent and Holder desire
to enter into this Agreement, pursuant to which the LLIT Exchange Shares received by Holder in the Merger (all such securities,
together with any securities paid as dividends or distributions with respect to such securities or into which such securities are
exchanged or converted, the&nbsp;<I>&ldquo;<B>Restricted Securities</B>&rdquo;</I>) shall become subject to limitations on disposition
as set forth herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>NOW, THEREFORE</B>,
in consideration of the premises set forth above, which are incorporated in this Agreement as if fully set forth below, and intending
to be legally bound hereby, the parties hereby agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">1. <U>Lock-Up
Provisions</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp; Holder hereby
agrees not to, during the period commencing from the Closing and, with respect to the Restricted Securities, ending on the earliest
of (x) the 180 day anniversary of the date of the Closing and (y) the date after the Closing on which the Parent consummates a
liquidation, merger, share exchange or other similar transaction with an unaffiliated third party that results in all of the Parent&rsquo;s
shareholders having the right to exchange their equity holdings in the Parent for cash, securities or other property (a &ldquo;<B><I>Subsequent
Transaction</I></B>&rdquo;), (the &ldquo;<B><I>Lock-Up Period</I></B>&rdquo;): (i) lend, offer, pledge, hypothecate, encumber,
donate, assign, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant
any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any Restricted Securities,
(ii)&nbsp;enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences
of ownership of the Restricted Securities, or (iii)&nbsp;publicly disclose the intention to do any of the foregoing, whether any
such transaction described in clauses (i), (ii), or (iii) above is to be settled by delivery of Restricted Securities or other
securities, in cash or otherwise (any of the foregoing described in clauses (i), (ii), or (iii), a &ldquo;<B><I>Prohibited Transfer</I></B>&rdquo;);
provided, however, that the foregoing shall not preclude Holder from engaging in any transaction in the securities of another company
in the same sector or in a similar sector as that of the Parent. The foregoing sentence shall not apply to the transfer of any
or all of the Restricted Securities owned by Holder, (A) by gift, will or intestate succession upon the death of Holder, (B) to
any Permitted Transferee or (C) pursuant to a court order or settlement agreement related to the distribution of assets in connection
with the dissolution of marriage or civil union; provided, however, that in any of cases (A), (B) or (C) it shall be a condition
to such transfer that the transferee executes and delivers to the Parent an agreement stating that the transferee is receiving
and holding the Restricted Securities subject to the provisions of this Agreement applicable to Holder, and there shall be no further
transfer of such Restricted Securities except in accordance with this Agreement. As used in this Agreement, the term &ldquo;<B><I>Permitted
Transferee</I></B>&rdquo; shall mean: (1) the members of Holder&rsquo;s immediate family (for purposes of this Agreement, &ldquo;immediate
family&rdquo; shall mean any relationship by blood, marriage or adoption, not more remote than first cousin), (2) any trust for
the direct or indirect benefit of Holder or the immediate family of Holder, (3) if Holder is a trust, to the trustor or beneficiary
of such trust or to the estate of a beneficiary of such trust, (4) as a distribution to limited partners, shareholders, members
of, or owners of similar equity interests in Holder upon the liquidation and dissolution of Holder or (5) to any affiliate of Holder
or to any investment fund or other entity controlled by Holder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp; Intentionally
omitted.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&nbsp; If any Prohibited
Transfer is made or attempted contrary to the provisions of this Agreement, such purported Prohibited Transfer shall be null and
void ab initio, and the Parent shall refuse to recognize any such purported transferee of the Restricted Securities as one of its
equity holders for any purpose. In order to enforce this&nbsp;<U>Section 1</U>, the Parent may impose stop-transfer instructions
with respect to the Restricted Securities of Holder (and permitted transferees and assigns thereof) until the end of the Lock-Up
Period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&nbsp; During the
Lock-Up Period, each certificate evidencing any Restricted Securities shall be stamped or otherwise imprinted with a legend in
substantially the following form, in addition to any other applicable legends:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;THE SECURITIES REPRESENTED
BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON TRANSFER SET FORTH IN A LOCK-UP AGREEMENT, DATED AS OF [&#9679;], 2020, BY AND
AMONG THE ISSUER OF SUCH SECURITIES (THE &ldquo;PARENT&rdquo;) AND THE PARENT&rsquo;S SHAREHOLDER NAMED THEREIN, AS AMENDED. A
COPY OF SUCH LOCK-UP AGREEMENT WILL BE FURNISHED WITHOUT CHARGE BY THE PARENT TO THE HOLDER HEREOF UPON WRITTEN REQUEST.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)&nbsp; For the avoidance of any doubt, Holder shall retain
all of its rights as a shareholder of the Parent during the Lock-Up Period, including the right to vote any Restricted Securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(f)&nbsp; To the extent
that any of the Merger Consideration Shares held by any other Company Stockholder subject to a Lock-Up Agreement entered into in
connection with the Closing are released from, or not subject to, lockup restrictions substantially similar to those in this Agreement
(a &ldquo;<B><I>Lock-up Change</I></B>&rdquo;), the Parent shall promptly give Holder written notice of such Lock-up Change and
the Restricted Securities subject to the terms of this Agreement shall be immediately released from, or not subject to, the lockup
restrictions in this Agreement with an effectiveness concurrent with, and to substantially the same extent and effect as, the Lock-up
Change.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2. <U>Miscellaneous</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a) <U>Termination
of Merger Agreement</U>. Notwithstanding anything to the contrary contained herein, in the event that the Merger Agreement is terminated
in accordance with its terms prior to the Closing, this Agreement and all rights and obligations of the parties hereunder shall
automatically terminate and be of no further force or effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b) <U>Binding
Effect; Assignment</U>. This Agreement and all of the provisions hereof shall be binding upon and inure to the benefit of the parties
hereto and their respective permitted successors and assigns. This Agreement and all obligations of Holder are personal to Holder
and may not be transferred or delegated by Holder at any time. The Parent may freely assign any or all of its rights under this
Agreement, in whole or in part, to any successor entity (whether by merger, consolidation, equity sale, asset sale or otherwise)
without obtaining the consent or approval of Holder.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c) <U>Third
Parties</U>. Nothing contained in this Agreement or in any instrument or document executed by any party in connection with the
transactions contemplated hereby shall create any rights in, or be deemed to have been executed for the benefit of, any person
or entity that is not a party hereto or thereto or a successor or permitted assign of such a party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d) <U>Governing
Law; Jurisdiction</U>. The terms and provisions of this Agreement shall be construed and enforced in accordance with the laws of
the State of California without reference to its conflict of law provisions. Each of the parties hereto irrevocably consents to
the exclusive jurisdiction and venue of any state or federal court located in Los Angeles County, California (or in any court in
which appeal from such courts may be taken) in connection with any matter based upon or arising out of this Agreement or the matters
contemplated herein, agrees that process may be served upon them in any manner authorized by the laws of the State of California
for such Persons and waives and covenants not to assert or plead any objection which they might otherwise have to such jurisdiction,
venue and such process.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e) <U>WAIVER
OF JURY TRIAL</U>. EACH OF THE PARTIES HERETO HEREBY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW ANY RIGHT IT MAY
HAVE TO A TRIAL BY JURY WITH RESPECT TO ANY ACTION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT
OR THE TRANSACTIONS CONTEMPLATED HEREBY. EACH PARTY HERETO (i) CERTIFIES THAT NO REPRESENTATIVE OF ANY OTHER PARTY HAS REPRESENTED,
EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF ANY ACTION, SEEK TO ENFORCE THAT FOREGOING WAIVER AND
(ii) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE
MUTUAL WAIVERS AND CERTIFICATIONS IN THIS&nbsp;<U>SECTION 2(e)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(f) <U>Interpretation</U>.
The titles and subtitles used in this Agreement are for convenience only and are not to be considered in construing or interpreting
this Agreement. In this Agreement, unless the context otherwise requires: (i) any pronoun used in this Agreement shall include
the corresponding masculine, feminine or neuter forms, and the singular form of nouns, pronouns and verbs shall include the plural
and vice versa; (ii) &ldquo;including&rdquo; (and with correlative meaning &ldquo;include&rdquo;) means including without limiting
the generality of any description preceding or succeeding such term and shall be deemed in each case to be followed by the words
&ldquo;without limitation&rdquo;; (iii) the words &ldquo;herein,&rdquo; &ldquo;hereto,&rdquo; and &ldquo;hereby&rdquo; and other
words of similar import in this Agreement shall be deemed in each case to refer to this Agreement as a whole and not to any particular
section or other subdivision of this Agreement; and (iv) the term &ldquo;or&rdquo; means &ldquo;and/or&rdquo;. The parties have
participated jointly in the negotiation and drafting of this Agreement. Consequently, in the event an ambiguity or question of
intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties hereto, and no presumption
or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any provision of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(g) <U>Notices</U>.
Any notice, consent or request to be given in connection with any of the terms or provisions of this Agreement shall be completed
in accordance with Section 9.1 of the Merger Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(h) <U>Amendments
and Waivers</U>. Any term of this Agreement may be amended and the observance of any term of this Agreement may be waived (either
generally or in a particular instance, and either retroactively or prospectively) only with the written consent of the Parent and
Holder. No failure or delay by a party in exercising any right hereunder shall operate as a waiver thereof. No waivers of or exceptions
to any term, condition, or provision of this Agreement, in any one or more instances, shall be deemed to be or construed as a further
or continuing waiver of any such term, condition, or provision.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(i)&nbsp;<U>Severability</U>.
In case any provision in this Agreement shall be held invalid, illegal or unenforceable in a jurisdiction, such provision shall
be modified or deleted, as to the jurisdiction involved, only to the extent necessary to render the same valid, legal and enforceable,
and the validity, legality and enforceability of the remaining provisions hereof shall not in any way be affected or impaired thereby
nor shall the validity, legality or enforceability of such provision be affected thereby in any other jurisdiction. Upon such determination
that any term or other provision is invalid, illegal or incapable of being enforced, the parties will substitute for any invalid,
illegal or unenforceable provision a suitable and equitable provision that carries out, so far as may be valid, legal and enforceable,
the intent and purpose of such invalid, illegal or unenforceable provision.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(j) <U>Specific Performance</U>.
Holder acknowledges that its obligations under this Agreement are unique, recognizes and affirms that in the event of a breach
of this Agreement by Holder, money damages may be inadequate and the Parent may have not adequate remedy at law, and agrees that
irreparable damage would occur in the event that any of the provisions of this Agreement were not performed by Holder in accordance
with their specific terms or were otherwise breached. Accordingly, the Parent shall be entitled to seek an injunction or restraining
order to prevent breaches of this Agreement by Holder and to seek to enforce specifically the terms and provisions hereof, without
the requirement to post any bond or other security or to prove that money damages would be inadequate, this being in addition to
any other right or remedy to which such party may be entitled under this Agreement, at law or in equity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(k) <U>Entire
Agreement</U>. This Agreement constitutes the full and entire understanding and agreement among the parties with respect to the
subject matter hereof, and any other written or oral agreement relating to the subject matter hereof existing between the parties
is expressly canceled;&nbsp;<U>provided</U>, that, for the avoidance of doubt, the foregoing shall not affect the rights and obligations
of the parties under the Merger Agreement or any Ancillary Document, including the Amended and Restated Registration Rights Agreement.
Notwithstanding the foregoing, nothing in this Agreement shall limit any of the rights or remedies of the Parent or any of the
obligations of Holder under any other agreement between Holder and the Parent or any certificate or instrument executed by Holder
in favor of the Parent, and nothing in any other agreement, certificate or instrument shall limit any of the rights or remedies
of the Parent or any of the obligations of Holder under this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(l) <U>Further
Assurances</U>. From time to time, at another party&rsquo;s request and without further consideration (but at the requesting party&rsquo;s
reasonable cost and expense), each party shall execute and deliver such additional documents and take all such further action as
may be reasonably necessary to consummate the transactions contemplated by this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(m) <U>Counterparts;
Facsimile.</U>&nbsp; This Agreement may also be executed and delivered by facsimile signature or by email in portable document
format in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and
the same instrument.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B><I>[Signature Pages Follow]</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>IN WITNESS WHEREOF</B>,
the parties have executed this Lock-Up Agreement as of the date first written above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt"><B>PARENT:</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt; text-transform: uppercase"><B><I>Lianluo Smart Limited</I></B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="width: 4%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">By:</P></TD>
    <TD STYLE="width: 36%; border-bottom: black 1.5pt solid">      </TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">Name: &nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">Title:  </FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>IN WITNESS WHEREOF</B>, the parties have
executed this Lock-Up Agreement as of the date first written above.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt"><I><U>Holder</U></I>: [Name of the Holder]</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 35%">&nbsp;</TD>
    <TD STYLE="width: 60%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Name: </FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Number of shares of Company Securities:</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Company Class A Common Stock: ______________________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Company Class B Common Stock: ______________________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Company Series A Preferred Stock: ______________________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Company Series AA Preferred Stock: ______________________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Address for Notice:</I></B>&nbsp;Address:_______________________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">______________________________________________________________&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">______________________________________________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Facsimile No.:&nbsp;___________________________________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Telephone No.:&nbsp;__________________________________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Email: _________________________________________________________
 </P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">D-6</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>ea128821ex99-2_lianluo.htm
<DESCRIPTION>EQUITY TRANSFER AGREEMENT, BY AND AMONG THE COMPANY, BEIJING FENJIN TIMES TECHNOLOGY DEVELOPMENT CO., LTD. AND LIANLUO CONNECTION MEDICAL WEARABLE DEVICE TECHNOLOGY (BEIJING) CO., LTD
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 99.2</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>EQUITY TRANSFER AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&#32929;&#20221;&#36716;&#35753;&#21327;&#35758;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">This Equity Transfer Agreement
(this &ldquo;<B><I>Agreement</I></B>&rdquo;) is made and entered into as of October 23, 2020, in Chaoyang District, Beijing, by
and among (i)&nbsp;<B>Beijing Fenjin Times Technology Development Co., Ltd. </B>(the &ldquo;<B><I>Purchaser</I></B>&rdquo;), (ii)&nbsp;<B>Lianluo
Connection Medical Wearable Device Technology (Beijing) Co., Ltd.</B>, a company formed under laws of the People's Republic of
China with the registered address is Room 611, 612, 618, and 619 on the 6th floor of Beikong Science and Technology Building, Building
2, No. 10 Baifuquan Road, Changping District, Beijing (the &ldquo;<B><I>Company</I></B>&rdquo;) and (iii)&nbsp;Lianluo Smart Limited,
a business company organized under the laws of British Virgin Islands with the offices at Room 611, 6th Floor, BeiKong Technology
Building, No. 10 Baifuquan Road, Changping District, Beijing 102200, People&rsquo;s Republic of China (the &ldquo;<B><I>Seller</I></B>&rdquo;).
The Purchaser, the Company and the Seller are sometimes referred to herein individually as a &ldquo;<B><I>Party</I></B>&rdquo;
and, collectively, as the &ldquo;<B><I>Parties</I></B>&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#12298;&#32929;&#26435;&#36716;&#35753;&#21327;&#35758;&#12299;&#65288;&#20197;&#19979;&#31216;</FONT>&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#21327;&#35758;</FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#26159;</FONT>,<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20110;</FONT>2020<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;</FONT>10<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26376;23&#26085;&#65292;&#22312;&#21271;&#20140;&#24066;&#26397;&#38451;&#21306;&#65292;&#30001;&#65288;</FONT>i<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#21271;&#20140;&#22859;&#36827;&#26102;&#20195;&#31185;&#25216;&#21457;&#23637;&#26377;&#38480;&#20844;&#21496;&#65288;&#20197;&#19979;&#31616;&#31216;</FONT>&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20080;&#26041;</FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#65292;&#65288;</FONT>ii<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#32852;&#32476;&#20114;&#36890;&#21307;&#30103;&#31359;&#25140;&#35774;&#22791;&#25216;&#26415;&#65288;&#21271;&#20140;&#65289;&#26377;&#38480;&#20844;&#21496;&#65292;&#19968;&#23478;&#26681;&#25454;&#20013;&#21326;&#20154;&#27665;&#20849;&#21644;&#22269;&#27861;&#24459;&#25104;&#31435;&#30340;&#20844;&#21496;&#65292;&#27880;&#20876;&#22320;&#22336;&#20026;&#21271;&#25511;&#31185;&#25216;&#22823;&#21414;&#20845;&#27004;</FONT>611<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12289;</FONT>612<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12289;</FONT>618<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21644;</FONT>619<FONT STYLE="font-family: Times New Roman, Times, Serif">&#23460;&#65292;&#21271;&#20140;&#24066;&#26124;&#24179;&#21306;&#30333;&#28014;&#27849;&#36335;</FONT>10<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21495;</FONT>2<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21495;&#65288;&#20197;&#19979;&#31616;&#31216;</FONT>&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20844;&#21496;</FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#65292;&#21644;&#65288;</FONT>iii<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#32852;&#32476;&#26234;&#33021;&#26377;&#38480;&#20844;&#21496;&#65292;&#19968;&#23478;&#26681;&#25454;&#33521;&#23646;&#32500;&#23572;&#20140;&#32676;&#23707;&#27861;&#24459;&#32452;&#24314;&#30340;&#21830;&#19994;&#20844;&#21496;&#65292;&#21150;&#20844;&#23460;&#20301;&#20110;&#21271;&#25511;&#31185;&#25216;&#22823;&#21414;</FONT>6<FONT STYLE="font-family: Times New Roman, Times, Serif">&#27004;</FONT>611<FONT STYLE="font-family: Times New Roman, Times, Serif">&#23460;
&#21271;&#20140;&#24066;&#26124;&#24179;&#21306;&#30333;&#28014;&#27849;&#36335;</FONT>10<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21495;&#65292;&#37038;&#32534;</FONT>102200<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12290;&#65288;&#20197;&#19979;&#31616;&#31216;</FONT>&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21334;&#26041;</FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#31614;&#32626;&#30340;&#12290;
&#20080;&#26041;&#65292;&#20844;&#21496;&#21644;&#21334;&#26041;&#26377;&#26102;&#22312;&#26412;&#25991;&#20013;&#20998;&#21035;&#31216;&#20026;</FONT>&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32532;&#32422;&#26041;</FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65292;&#24182;&#32479;&#31216;&#20026;</FONT>&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32532;&#32422;&#26041;</FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>RECITALS:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#21069;&#36848;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, the
Company is a limited liability company established on June 20, 2016 with the registered capital of RMB 100.784 million, among which
RMB 13 million has been paid as of the date hereof and RMB 87.784 million shall be paid no later than September 23, 2023 according
to the Company&rsquo;s articles of association, as amended (the &ldquo;<B><I>Company Charter</I></B>&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#37492;&#20110;&#65292;&#26412;&#20844;&#21496;&#20026;&#26377;&#38480;&#36131;&#20219;&#20844;&#21496;&#65292;&#25104;&#31435;&#20110;</FONT>2016<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;</FONT>6<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26376;</FONT>20<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26085;&#65292;&#27880;&#20876;&#36164;&#26412;&#20026;&#20154;&#27665;&#24065;</FONT>1<FONT STYLE="font-family: Times New Roman, Times, Serif">.00784&#20159;&#20803;&#65292;&#24050;&#25903;&#20184;&#20154;&#27665;&#24065;13000000&#20803;&#65292;&#26681;&#25454;&#20844;&#21496;&#31456;&#31243;(&#21450;&#20462;&#35746;&#29256;)&#65288;</FONT>&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20844;&#21496;&#31456;&#31243;</FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#65292;&#19981;&#36831;&#20110;</FONT>2023<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;</FONT>9<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26376;</FONT>23<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26085;&#25903;&#20184;&#20154;&#27665;&#24065;</FONT>87784<FONT STYLE="font-family: Times New Roman, Times, Serif">000&#20803;&#65292;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, the
Seller is the sole shareholder of the Company, holding 100% of the equity ownership and all relevant rights and interests of the
Company (the &ldquo;<B><I>Equity Interests</I></B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#37492;&#20110;&#65292;&#21334;&#26041;&#26159;&#26412;&#20844;&#21496;&#30340;&#21807;&#19968;&#32929;&#19996;&#65292;&#25345;&#26377;&#26412;&#20844;&#21496;</FONT>100<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65285;&#30340;&#32929;&#26435;&#21644;&#25152;&#26377;&#30456;&#20851;&#26435;&#30410;&#65288;</FONT>&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32929;&#26435;</FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, as
of the date hereof, the Company owes the Seller indebtedness in the aggregate amount of $11,255,188.47(the &ldquo;<B><I>Debt</I></B>&rdquo;).
As an inducement for the Purchaser entering into this Agreement, the Seller agrees to convert the Debt into additional paid-in
capital of the Company immediately prior to the closing of the Transaction;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#37492;&#20110;&#65292;&#25130;&#33267;&#26412;&#25253;&#21578;&#26085;&#26399;&#65292;&#26412;&#20844;&#21496;&#27424;&#21334;&#26041;&#30340;&#20538;&#21153;&#24635;&#39069;&#20026;</FONT>$11,255,188.47
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65288;</FONT>&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20538;&#21153;</FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#12290;
&#20026;&#20419;&#20351;&#20080;&#26041;&#35746;&#31435;&#26412;&#21327;&#35758;&#65292;&#21334;&#26041;&#21516;&#24847;&#22312;&#20132;&#26131;&#23436;&#25104;&#21069;&#23558;&#20538;&#21153;&#36716;&#25442;&#20026;&#20844;&#21496;&#30340;&#36164;&#26412;&#20844;&#31215;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;WHEREAS</B>,
the Seller desires to transfer to the Purchaser, and the Purchaser desires to purchase from the Seller, all of the Equity Interests
from the Seller, subject to the terms and conditions set forth herein (the &ldquo;<B><I>Transaction</I></B>&rdquo;); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#37492;&#20110;&#65292;&#21334;&#26041;&#24076;&#26395;&#23558;&#25152;&#26377;&#32929;&#26435;&#36716;&#35753;&#32473;&#20080;&#26041;&#65292;&#20080;&#26041;&#24076;&#26395;&#20174;&#21334;&#26041;&#36141;&#20080;&#21334;&#26041;&#30340;&#25152;&#26377;&#32929;&#26435;&#65292;&#20294;&#35201;&#36981;&#23432;&#27492;&#21327;&#35758;&#35268;&#23450;&#30340;&#26465;&#27454;&#21644;&#26465;&#20214;&#65288;</FONT>&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20132;&#26131;</FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#65307;
&#21644;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>NOW, THEREFORE</B>,
in consideration of the premises set forth above, which are incorporated in this Agreement as if fully set forth below, and the
representations, warranties, covenants and agreements contained in this Agreement, and intending to be legally bound hereby, the
Parties hereto agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#29616;&#22312;&#65292;&#32771;&#34385;&#21040;&#20197;&#19978;&#25152;&#36848;&#30340;&#21069;&#25552;&#65292;&#19988;&#36825;&#20123;&#21069;&#25552;&#24050;&#34987;&#24182;&#20837;&#26412;&#21327;&#35758;&#65292;&#24182;&#22312;&#19979;&#38754;&#36827;&#34892;&#20102;&#20805;&#20998;&#38416;&#36848;&#65292;&#24182;&#32771;&#34385;&#20102;&#26412;&#21327;&#35758;&#20013;&#21253;&#21547;&#30340;&#25311;&#22312;&#27492;&#21463;&#27861;&#24459;&#32422;&#26463;&#30340;&#38472;&#36848;&#12289;&#20445;&#35777;&#12289;&#22865;&#32422;&#21644;&#21327;&#35758;&#65292;&#21508;&#26041;&#21516;&#24847;&#22914;&#19979;&#65306;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B></B></FONT></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>ARTICLE
I</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>&nbsp;<U><BR>
THE SHARE PURCHASE</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B><U>&#36141;&#20080;&#32929;&#20221;</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">1.1&nbsp;<U>Purchase
and Sale of Equity Interests</U>. At the Closing (as hereinafter defined) and subject to and upon the terms and conditions of this
Agreement, the Seller shall sell, transfer, convey, assign and deliver to the Purchaser, and the Purchaser shall purchase, acquire
and accept from the Seller, all of the Equity Interests, free and clear of all Liens.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#36141;&#20080;&#21644;&#20986;&#21806;&#32929;&#26435;&#12290;
&#22312;&#20132;&#26131;&#32467;&#26463;&#26102;&#65288;&#20197;&#19979;&#23450;&#20041;&#65289;&#65292;&#22312;&#36981;&#23432;&#26412;&#21327;&#35758;&#30340;&#26465;&#27454;&#21644;&#26465;&#20214;&#30340;&#24773;&#20917;&#19979;&#65292;&#21334;&#26041;&#24212;&#21521;&#20080;&#26041;&#20986;&#21806;&#12289;&#36716;&#35753;&#12289;&#36716;&#20184;&#21644;&#20132;&#20184;&#32473;&#20080;&#26041;&#65292;&#20080;&#26041;&#24212;&#20174;&#21334;&#26041;&#36141;&#20080;&#12289;&#33719;&#21462;&#21644;&#25509;&#21463;&#25152;&#26377;&#30340;&#33258;&#30001;&#19988;&#27809;&#26377;&#36136;&#26435;&#38480;&#21046;&#30340;&#32929;&#26435;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">1.2&nbsp;<U>Consideration</U>.
The purchase price of the Equity Interests is RMB 0 (the &ldquo;<B><I>Purchase Price</I></B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#23545;&#20215;&#12290;
&#32929;&#26435;&#30340;&#36141;&#20080;&#20215;&#20026;&#20154;&#27665;&#24065;</FONT>0<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20803;&#65288;</FONT>&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#36141;&#20080;&#20215;</FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">1.3&nbsp;<U>Company
Shareholder Consent</U>. Seller, as the sole shareholder of the Company, hereby approves, authorizes and consents to the Company&rsquo;s
execution and delivery of this Agreement and the Ancillary Documents, the performance by the Company of its obligations hereunder
and thereunder and the consummation by the Company of the transactions contemplated hereby and thereby. Seller acknowledges and
agrees that the consent set forth herein is intended and shall constitute such consent of the Seller as may be required (and shall,
if applicable, operate as a written shareholder resolution of the Company) pursuant to the Company Charter, any other agreement
in respect of the Company to which the Seller is a party and all applicable Laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#20844;&#21496;&#32929;&#19996;&#21516;&#24847;&#12290;
&#21334;&#26041;&#65288;&#20316;&#20026;&#20844;&#21496;&#30340;&#21807;&#19968;&#32929;&#19996;&#65289;&#29305;&#27492;&#25209;&#20934;&#65292;&#25480;&#26435;&#24182;&#21516;&#24847;&#20844;&#21496;&#25191;&#34892;&#21644;&#20132;&#20184;&#26412;&#21327;&#35758;&#21644;&#36741;&#21161;&#25991;&#20214;&#65292;&#20844;&#21496;&#23653;&#34892;&#20854;&#22312;&#27492;&#21450;&#20197;&#19979;&#30340;&#20041;&#21153;&#20197;&#21450;&#20844;&#21496;&#23436;&#25104;&#20132;&#26131;&#12290;
&#21334;&#26041;&#25215;&#35748;&#24182;&#21516;&#24847;&#65292;&#27492;&#22788;&#25152;&#35268;&#23450;&#30340;&#21516;&#24847;&#26159;&#25152;&#24895;&#30340;&#65292;&#24182;&#26500;&#25104;&#26681;&#25454;&#20844;&#21496;&#31456;&#31243;&#12289;&#20219;&#20309;&#20854;&#20182;&#28041;&#21450;&#20844;&#21496;&#19988;&#21334;&#26041;&#20026;&#35746;&#32422;&#26041;&#30340;&#21327;&#35758;&#21644;&#25152;&#26377;&#36866;&#29992;&#27861;&#24459;&#21487;&#33021;&#38656;&#35201;&#30340;&#21334;&#26041;&#21516;&#24847;&#65288;&#24182;&#19988;&#65292;&#22914;&#36866;&#29992;&#65292;&#24212;&#20316;&#20026;&#20844;&#21496;&#30340;&#20070;&#38754;&#32929;&#19996;&#20915;&#35758;&#20070;&#65289;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>&nbsp;
</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>ARTICLE
II</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>&nbsp;<U><BR>
CLOSING</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B><U>&#20132;&#21106;</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.1&nbsp;<U>Closing</U>.
Subject to the satisfaction or waiver of the conditions set forth in&nbsp;<U>Article III</U>, the consummation of the transactions
contemplated by this Agreement (the &ldquo;<B><I>Closing</I></B>&rdquo;) shall take place at the offices of the Seller no later
than one Business Day after all the closing conditions to this Agreement have been satisfied or waived at 10:00 a.m. local time,
or at such other date, time or place as the Purchaser and the Company may agree (the date and time at which the Closing is actually
held being the &ldquo;<B><I>Closing Date</I></B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20132;&#21106;&#12290;
&#22312;&#28385;&#36275;&#25110;&#35905;&#20813;&#31532;</FONT>III<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#35268;&#23450;&#30340;&#26465;&#20214;&#30340;&#21069;&#25552;&#19979;&#65292;&#26412;&#21327;&#35758;&#25311;&#36827;&#34892;&#30340;&#20132;&#26131;&#65288;&#20197;&#19979;&#31216;</FONT>&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20132;&#21106;</FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#30340;&#23436;&#25104;&#24212;&#22312;&#25152;&#26377;&#25104;&#20132;&#26465;&#20214;&#28385;&#36275;&#25110;&#35905;&#20813;&#21518;&#30340;&#19968;&#20010;&#33829;&#19994;&#26085;&#20869;&#22312;&#21334;&#26041;&#21150;&#20844;&#23460;&#36827;&#34892;&#65292;&#22312;&#24403;&#22320;&#26102;&#38388;&#19978;&#21320;</FONT>10:00<FONT STYLE="font-family: Times New Roman, Times, Serif">&#25110;&#20080;&#26041;&#19982;&#20844;&#21496;&#21487;&#33021;&#21516;&#24847;&#30340;&#20854;&#20182;&#26085;&#26399;&#12289;&#26102;&#38388;&#25110;&#22320;&#28857;&#65288;&#26412;&#27425;&#23454;&#38469;&#23436;&#25104;&#20132;&#21106;&#30340;&#26085;&#26399;&#21644;&#26102;&#38388;&#20026;</FONT>&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20132;&#21106;&#26085;&rdquo;&#65289;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>ARTICLE
III</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>&nbsp;<U><BR>
CLOSING CONDITIONS</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B><U>&#20132;&#21106;&#26465;&#20214;</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.1&nbsp;<U>Conditions
to Each Party&rsquo;s Obligations</U>. The obligations of each Party to consummate the transactions described herein shall be subject
to the satisfaction or written waiver (where permissible) by the Seller and the Purchaser of the following conditions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#21508;&#26041;&#20041;&#21153;&#30340;&#26465;&#20214;&#12290;
&#32532;&#32422;&#21452;&#26041;&#23436;&#25104;&#26412;&#25991;&#25152;&#36848;&#20132;&#26131;&#30340;&#20041;&#21153;&#24212;&#21463;&#21334;&#26041;&#21644;&#20080;&#26041;&#28385;&#36275;&#20197;&#19979;&#26465;&#20214;&#30340;&#28385;&#24847;&#25110;&#20070;&#38754;&#25918;&#24323;&#65288;&#22312;&#20801;&#35768;&#30340;&#24773;&#20917;&#19979;&#65289;&#65306;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;<I>Requisite
Regulatory Approvals</I>. All Consents required to be obtained from or made with any Governmental Authority in order to consummate
the transactions contemplated by this Agreement shall have been obtained or made.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#24517;&#35201;&#30340;&#27861;&#35268;&#25209;&#20934;&#12290;
&#20026;&#23436;&#25104;&#26412;&#21327;&#35758;&#25311;&#36827;&#34892;&#30340;&#20132;&#26131;&#32780;&#38656;&#35201;&#20174;&#20219;&#20309;&#25919;&#24220;&#26426;&#26500;&#33719;&#24471;&#25110;&#19982;&#20043;&#21462;&#24471;&#30340;&#25152;&#26377;&#21516;&#24847;&#20070;&#22343;&#24212;&#24050;&#33719;&#24471;&#25110;&#21462;&#24471;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;<I>No Law</I>.
No Governmental Authority shall have enacted, issued, promulgated, enforced or entered any Law (whether temporary, preliminary
or permanent) or Order that is then in effect and which has the effect of making the transactions contemplated by this Agreement
illegal or which otherwise prevents or prohibits consummation of the transactions contemplated by this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#26080;&#21046;&#23450;&#27861;&#24459;&#12290;
&#20219;&#20309;&#25919;&#24220;&#26426;&#26500;&#22343;&#19981;&#24471;&#21046;&#23450;&#65292;&#21457;&#24067;&#65292;&#39041;&#24067;&#65292;&#25191;&#34892;&#25110;&#35746;&#31435;&#24403;&#26102;&#29983;&#25928;&#30340;&#65292;&#20855;&#26377;&#20351;&#26412;&#21327;&#35758;&#25152;&#35774;&#24819;&#30340;&#20132;&#26131;&#20026;&#38750;&#27861;&#25110;&#20197;&#20854;&#20182;&#26041;&#24335;&#38459;&#27490;&#25110;&#38450;&#27490;&#25110;
&#31105;&#27490;&#23436;&#25104;&#26412;&#21327;&#35758;&#25311;&#36827;&#34892;&#30340;&#20132;&#26131;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&nbsp;<I>No Litigation</I>.
There shall not be any pending Action brought by a third-party non-Affiliate to enjoin or otherwise restrict the consummation of
the Closing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#26080;&#35785;&#35772;&#12290;
&#31532;&#19977;&#26041;&#38750;&#20851;&#32852;&#20844;&#21496;&#19981;&#24471;&#25552;&#20986;&#20219;&#20309;&#24453;&#20915;&#34892;&#21160;&#26469;&#31105;&#27490;&#25110;&#20197;&#20854;&#20182;&#26041;&#24335;&#38480;&#21046;&#23436;&#25104;&#20132;&#26131;&#30340;&#23436;&#25104;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&nbsp;<I>Fairness
Opinion.</I>&nbsp;On or prior to the date of this Agreement, The Benchmark Company, LLC (the &ldquo;<B><I>Financial
Advisor</I></B>&rdquo;) shall have delivered to the board of the Seller, dated as of the date hereof, to the effect that
(subject to various qualifications and assumptions) the Purchase Price was fair, from a financial point of view, to the
shareholders of the Seller.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20844;&#24179;&#24847;&#35265;&#12290;
&#22312;&#26412;&#21327;&#35758;&#31614;&#35746;&#20043;&#26085;&#25110;&#20043;&#21069;&#65292;</FONT>Benchmark Company<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65292;</FONT>LLC<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65288;</FONT>&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#36130;&#21153;&#39038;&#38382;</FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#24212;&#20110;&#26412;&#21327;&#35758;&#31614;&#35746;&#20043;&#26085;&#23558;&#20854;&#20132;&#20184;&#32473;&#21334;&#26041;&#33891;&#20107;&#20250;&#65292;&#20197;&#65288;&#26681;&#25454;&#21508;&#31181;&#36164;&#26684;&#21644;&#20551;&#35774;&#32780;&#23450;&#65289;&#20174;&#36130;&#21153;&#35282;&#24230;&#30475;&#65292;&#36141;&#20080;&#20215;&#23545;&#21334;&#26041;&#32929;&#19996;&#32780;&#35328;&#26159;&#20844;&#24179;&#30340;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e) <I>Shareholders Approval</I>.
Seller shall have obtained its shareholders&rsquo; approval of the transaction contemplated by this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#32929;&#19996;&#25209;&#20934;&#12290;
&#21334;&#26041;&#24212;&#24050;&#33719;&#24471;&#26412;&#21327;&#35758;&#25311;&#36827;&#34892;&#30340;&#20132;&#26131;&#30340;&#32929;&#19996;&#25209;&#20934;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(f) <I>Newegg Merger</I>.
The merger transactions contemplated by certain Agreement and Plan of Merger, dated as of the date hereof, by and among the Seller,
Lightning Delaware Sub, Inc. and Newegg Inc. (the &ldquo;<B><I>Merger</I></B>&rdquo;), are closed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26032;&#34507;&#21512;&#24182;&#12290;
&#21334;&#26041;&#12289;</FONT>Lightning Delaware Sub, Inc.<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21644;</FONT>Newegg
Inc.<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65288;&#20197;&#19979;&#31216;</FONT> &ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21512;&#24182;</FONT>&rdquo;
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#19982;&#21334;&#26041;&#20043;&#38388;&#36798;&#25104;&#30340;&#25130;&#33267;&#26412;&#21327;&#35758;&#31614;&#32626;&#20043;&#26085;&#30340;&#26576;&#20123;&#21512;&#24182;&#21327;&#35758;&#21644;&#35745;&#21010;&#20013;&#30340;&#21512;&#24182;&#20132;&#26131;&#24050;&#32463;&#23436;&#25104;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(g) <I>Debt Conversion</I>.
Immediately prior to the closing of the Transaction, Seller shall convert the Debt into additional paid-in capital of the Company
and the Company shall have no further obligations in connection with the Debt.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#20538;&#21153;&#36716;&#25442;&#12290;&#20132;&#26131;&#23436;&#25104;&#21069;&#65292;&#21334;&#26041;&#24212;&#23558;&#20538;&#21153;&#36716;&#25442;&#20026;&#20844;&#21496;&#30340;&#36164;&#26412;&#20844;&#31215;&#65292;&#24182;&#19988;&#27492;&#21518;&#20844;&#21496;&#23558;&#23545;&#20538;&#21153;&#19981;&#25215;&#25285;&#20219;&#20309;&#20854;&#20182;&#20041;&#21153;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.4&nbsp;<U>Frustration
of Conditions</U>. Notwithstanding anything contained herein to the contrary, no Party may rely on the failure of any condition
set forth in this&nbsp;<U>Article III</U>&nbsp;to be satisfied if such failure was caused by such the failure of such Party or
its Affiliates to comply with or perform any of its covenants or obligations set forth in this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#26465;&#20214;&#22833;&#25928;&#12290;
&#23613;&#31649;&#26412;&#25991;&#20013;&#26377;&#30456;&#21453;&#30340;&#35268;&#23450;&#65292;&#20294;&#20219;&#20309;&#19968;&#26041;&#22343;&#19981;&#24471;&#20381;&#38752;&#26412;&#26465;&#31532;&#19977;&#27454;&#35268;&#23450;&#30340;&#20219;&#20309;&#26465;&#20214;&#26410;&#33021;&#28385;&#36275;&#65292;&#22914;&#26524;&#35813;&#22833;&#36133;&#26159;&#30001;&#20110;&#35813;&#26041;&#25110;&#20854;&#20851;&#32852;&#20225;&#19994;&#26410;&#33021;&#36981;&#23432;&#25110;&#23653;&#34892;&#20854;&#20219;&#20309;&#20041;&#21153;&#24341;&#36215;&#30340;
&#26412;&#21327;&#35758;&#20013;&#35268;&#23450;&#30340;&#22865;&#32422;&#25110;&#20041;&#21153;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>ARTICLE
IV</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B><U>REPRESENTATIONS
AND WARRANTIES OF THE PURCHASER</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B><U>&#20080;&#26041;&#38472;&#35834;&#20445;&#35777;</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;The Purchaser hereby
represents and warrants to the Seller and the Company as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#20080;&#26041;&#22312;&#27492;&#21521;&#21334;&#26041;&#21644;&#20844;&#21496;&#22768;&#26126;&#24182;&#20445;&#35777;&#22914;&#19979;&#65306;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.1
</FONT>&nbsp;&nbsp;<U>Due Organization and Good Standing</U>. The Purchaser is a limited liability company duly incorporated, validly
existing and in good standing under the Laws of People&rsquo;s Republic of China.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#36866;&#24403;&#30340;&#32452;&#32455;&#21644;&#33391;&#22909;&#30340;&#20449;&#35465;&#12290;
&#20080;&#26041;&#26159;&#19968;&#23478;&#26681;&#25454;&#20013;&#21326;&#20154;&#27665;&#20849;&#21644;&#22269;&#27861;&#24459;&#27491;&#24335;&#27880;&#20876;&#25104;&#31435;&#65292;&#26377;&#25928;&#23384;&#22312;&#19988;&#20449;&#35465;&#33391;&#22909;&#30340;&#26377;&#38480;&#36131;&#20219;&#20844;&#21496;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4.2&nbsp;<U>Authorization;
Binding Agreement</U>. The Purchaser has all requisite authority to execute and deliver this Agreement, to perform its obligations
hereunder and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement and the consummation
of the transactions contemplated hereby (a)&nbsp;have been duly and validly authorized and (b) no other corporate proceedings,
other than as set forth elsewhere in the Agreement, are necessary to authorize the execution and delivery of this Agreement or
to consummate the transactions contemplated hereby. This Agreement has been, and shall be when delivered, duly and validly executed
and delivered by the Purchasers, assuming the due authorization, execution and delivery of this Agreement by the other parties
hereto, and constitutes, or when delivered shall constitute, the valid and binding obligation of the Purchaser, enforceable against
the Purchaser in accordance with its terms, except to the extent that enforceability thereof may be limited by applicable bankruptcy,
insolvency, reorganization and moratorium laws and other laws of general application affecting the enforcement of creditors&rsquo;
rights generally or by any applicable statute of limitation or by any valid defense of set-off or counterclaim, and the fact that
equitable remedies or relief (including the remedy of specific performance) are subject to the discretion of the court from which
such relief may be sought (collectively, the &ldquo;<B><I>Enforceability Exceptions</I></B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#25480;&#26435;&#65307;&#26377;&#32422;&#26463;&#21147;&#30340;&#21327;&#35758;&#12290;&#20080;&#26041;&#25317;&#26377;&#25191;&#34892;&#21644;&#20132;&#20184;&#26412;&#21327;&#35758;&#65292;&#23653;&#34892;&#20854;&#22312;&#26412;&#21327;&#35758;&#39033;&#19979;&#30340;&#20041;&#21153;&#20197;&#21450;&#23436;&#25104;&#27492;&#22788;&#25311;&#36827;&#34892;&#30340;&#20132;&#26131;&#30340;&#25152;&#26377;&#24517;&#35201;&#26435;&#38480;&#12290;&#26412;&#21327;&#35758;&#30340;&#25191;&#34892;&#21644;&#20132;&#20184;&#20197;&#21450;&#25152;&#32771;&#34385;&#30340;&#20132;&#26131;&#30340;&#23436;&#25104;&#65288;</FONT>a<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#24050;&#24471;&#21040;&#36866;&#24403;&#21644;&#26377;&#25928;&#30340;&#25480;&#26435;&#65292;&#24182;&#19988;&#65288;</FONT>b<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#38500;&#21327;&#35758;&#20854;&#20182;&#37096;&#20998;&#25152;&#35268;&#23450;&#30340;&#20197;&#22806;&#65292;&#26080;&#38656;&#20854;&#20182;&#20844;&#21496;&#31243;&#24207;&#26469;&#25480;&#26435;&#25191;&#34892;&#21644;&#25191;&#34892;&#12290;&#20132;&#20184;&#26412;&#21327;&#35758;&#25110;&#23436;&#25104;&#27492;&#22788;&#25311;&#36827;&#34892;&#30340;&#20132;&#26131;&#12290;&#20551;&#35774;&#20854;&#20182;&#26041;&#23545;&#27492;&#21327;&#35758;&#36827;&#34892;&#20102;&#36866;&#24403;&#30340;&#25480;&#26435;&#65292;&#25191;&#34892;&#21644;&#20132;&#20184;&#65292;&#21017;&#20080;&#26041;&#24050;&#32463;&#65292;&#24182;&#23558;&#22312;&#20132;&#20184;&#65292;&#22949;&#21892;&#26377;&#25928;&#22320;&#25191;&#34892;&#21644;&#20132;&#20184;&#26412;&#21327;&#35758;&#30340;&#21516;&#26102;&#65292;&#26500;&#25104;&#25110;&#23558;&#26500;&#25104;&#26377;&#25928;&#30340;&#20080;&#26041;&#20855;&#26377;&#32422;&#26463;&#21147;&#30340;&#20041;&#21153;&#65292;&#21487;&#26681;&#25454;&#20854;&#26465;&#27454;&#23545;&#20080;&#26041;&#25191;&#34892;&#65292;&#20294;&#20854;&#21487;&#25191;&#34892;&#24615;&#21487;&#33021;&#21463;&#21040;&#36866;&#29992;&#30340;&#30772;&#20135;&#65292;&#30772;&#20135;&#65292;&#37325;&#32452;&#21644;&#26242;&#20572;&#27861;&#24459;&#20197;&#21450;&#20854;&#20182;&#19968;&#33324;&#24433;&#21709;&#20538;&#26435;&#20154;&#26435;&#21033;&#23454;&#26045;&#30340;&#19968;&#33324;&#36866;&#29992;&#27861;&#24459;&#30340;&#38480;&#21046;&#25110;&#36890;&#36807;&#20219;&#20309;&#36866;&#29992;&#30340;&#26102;&#25928;&#27861;&#35268;&#25110;&#36890;&#36807;&#23545;&#25269;&#38144;&#25110;&#21453;&#35831;&#27714;&#30340;&#20219;&#20309;&#26377;&#25928;&#25239;&#36777;&#65292;&#20197;&#21450;&#20844;&#24179;&#30340;&#34917;&#25937;&#25110;&#25937;&#27982;&#65288;&#21253;&#25324;&#29305;&#23450;&#23653;&#34892;&#30340;&#34917;&#25937;&#65289;&#22343;&#24212;&#30001;&#27861;&#38498;&#37196;&#24773;&#20915;&#23450;&#30340;&#20107;&#23454;&#65288;&#32479;&#31216;&#20026;</FONT>&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21487;&#25191;&#34892;&#24615;&#20363;&#22806;</FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4.3&nbsp;<U>Governmental
Approvals</U>. No Consent of or with any Governmental Authority, on the part of the Purchaser is required to be obtained or made
in connection with the execution, delivery or performance of this Agreement or the consummation of the transactions contemplated
hereby, other than (a) such filings as may be required in any jurisdiction in which the Purchaser is qualified or authorized to
do business as a foreign corporation in order to maintain such qualification or authorization, and (b) such filings as contemplated
by this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#25919;&#24220;&#25209;&#20934;&#12290;
&#38500;&#65288;</FONT>a<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#27492;&#31867;&#22791;&#26696;&#22806;&#65292;&#26080;&#38656;&#25191;&#34892;&#26412;&#21327;&#35758;&#65292;&#25191;&#34892;&#65292;&#20132;&#20184;&#25110;&#23653;&#34892;&#26412;&#21327;&#35758;&#25110;&#36827;&#34892;&#25311;&#36827;&#34892;&#30340;&#20132;&#26131;&#32780;&#33719;&#24471;&#25110;&#24449;&#24471;&#20080;&#26041;&#30340;&#21516;&#24847;&#25110;&#33719;&#24471;&#20219;&#20309;&#25919;&#24220;&#26426;&#26500;&#30340;&#21516;&#24847;&#12290;
&#20080;&#26041;&#20855;&#26377;&#36164;&#26684;&#25110;&#34987;&#25480;&#26435;&#20197;&#22806;&#22269;&#27861;&#20154;&#30340;&#36523;&#20998;&#20174;&#20107;&#32463;&#33829;&#19994;&#21153;&#30340;&#20219;&#20309;&#21496;&#27861;&#31649;&#36758;&#21306;&#25152;&#24517;&#38656;&#30340;&#65292;&#20197;&#32500;&#25345;&#35813;&#36164;&#26684;&#25110;&#25480;&#26435;&#65292;&#20197;&#21450;&#65288;</FONT>b<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#26412;&#21327;&#35758;&#25152;&#35774;&#24819;&#30340;&#27492;&#31867;&#22791;&#26696;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4.4&nbsp;<U>Non-Contravention</U>.
The execution and delivery by the Purchaser of this Agreement and the consummation of the transactions contemplated hereby, and
compliance with any of the provisions hereof, will not (a) conflict with or violate any provision of the articles of association
of the Purchaser, (b)&nbsp;conflict with or violate any Law, Order or Consent applicable to the Purchaser or any of its properties
or assets, or (c) (i) violate, conflict with or result in a breach of, (ii) constitute a default (or an event which, with notice
or lapse of time or both, would constitute a default) under, (iii) result in the termination, withdrawal, suspension, cancellation
or modification of, (iv) accelerate the performance required by the Purchaser under, (v) result in a right of termination or acceleration
under, (vi) give rise to any obligation to make payments or provide compensation under, (vii) result in the creation of any Lien
upon any of the properties or assets of the Purchaser under, (viii) give rise to any obligation to obtain any third party consent
or provide any notice to any Person or (ix) give any Person the right to declare a default, exercise any remedy, claim a rebate,
chargeback, penalty or change in delivery schedule, accelerate the maturity or performance, cancel, terminate or modify any right,
benefit, obligation or other term under, any of the terms, conditions or provisions of, any material contract of the Purchaser.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#19981;&#36829;&#21453;&#12290;&#20080;&#26041;&#25191;&#34892;&#21644;&#20132;&#20184;&#26412;&#21327;&#35758;&#20197;&#21450;&#23436;&#25104;&#25454;&#27492;&#25311;&#36827;&#34892;&#30340;&#20132;&#26131;&#65292;&#24182;&#36981;&#23432;&#26412;&#21327;&#35758;&#30340;&#20219;&#20309;&#35268;&#23450;&#65292;&#23558;&#19981;&#20250;&#65288;</FONT>a<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#19982;&#20080;&#26041;&#32452;&#32455;&#31456;&#31243;&#30340;&#20219;&#20309;&#35268;&#23450;&#30456;&#25269;&#35302;&#25110;&#36829;&#21453;&#65292;&#65288;</FONT>b
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#19982;&#36866;&#29992;&#20110;&#36141;&#20080;&#32773;&#25110;&#20854;&#20219;&#20309;&#36130;&#20135;&#25110;&#36164;&#20135;&#30340;&#20219;&#20309;&#27861;&#24459;&#65292;&#21629;&#20196;&#25110;&#21516;&#24847;&#20070;&#21457;&#29983;&#20914;&#31361;&#25110;&#36829;&#21453;&#65292;&#25110;&#65288;</FONT>c<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#65288;</FONT>i<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#36829;&#21453;&#65292;&#19982;&#20043;&#21457;&#29983;&#20914;&#31361;&#25110;&#23548;&#33268;&#36829;&#21453;&#65292;&#65288;</FONT>ii<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#26500;&#25104;&#36829;&#32422;&#65288;&#25110;&#65288;</FONT>iii<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#23548;&#33268;&#65288;</FONT>iii<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#32456;&#27490;&#12289;&#25764;&#22238;&#12289;&#20013;&#27490;&#12289;&#21462;&#28040;&#25110;&#20462;&#25913;&#65292;&#65288;</FONT>iv<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#21152;&#36895;&#20080;&#26041;&#26681;&#25454;&#65288;</FONT>v<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;
&#65289;&#23548;&#33268;&#65288;</FONT>vi<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#26681;&#25454;&#65288;</FONT>vi<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#20135;&#29983;&#20184;&#27454;&#25110;&#25552;&#20379;&#36180;&#20607;&#30340;&#20041;&#21153;&#65292;&#65288;</FONT>vii<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#26681;&#25454;&#65288;&#65288;</FONT>vi<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#20135;&#29983;&#23545;&#20080;&#26041;&#30340;&#20219;&#20309;&#36130;&#20135;&#25110;&#36164;&#20135;&#30340;&#30041;&#32622;&#26435;</FONT>viii<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#24341;&#36215;&#20219;&#20309;&#20041;&#21153;&#33719;&#24471;&#20219;&#20309;&#31532;&#19977;&#26041;&#21516;&#24847;&#25110;&#21521;&#20219;&#20309;&#20154;&#21457;&#20986;&#20219;&#20309;&#36890;&#30693;&#30340;&#26435;&#21033;&#65307;&#25110;&#65288;</FONT>ix<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#36171;&#20104;&#20219;&#20309;&#20154;&#22768;&#26126;&#36829;&#32422;&#65292;&#34892;&#20351;&#20219;&#20309;&#34917;&#25937;&#25514;&#26045;&#65292;&#35201;&#27714;&#36864;&#27454;&#65292;&#36864;&#27454;&#65292;&#32602;&#27454;&#25110;&#26356;&#25913;&#20132;&#36135;&#26102;&#38388;&#34920;&#65292;&#21152;&#36895;&#21040;&#26399;&#25110;&#23653;&#34892;&#30340;&#26435;&#21033;&#65292;&#21462;&#28040;&#65292;&#32456;&#27490;&#25110;&#20462;&#25913;&#20080;&#26041;&#20219;&#20309;&#37325;&#35201;&#21512;&#21516;&#30340;&#20219;&#20309;&#26465;&#27454;&#65292;&#26465;&#20214;&#25110;&#35268;&#23450;&#19979;&#30340;&#20219;&#20309;&#26435;&#21033;&#65292;&#21033;&#30410;&#65292;&#20041;&#21153;&#25110;&#20854;&#20182;&#26465;&#27454;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4.5 <U>Access to Information</U>.
The Purchaser has conducted its own independent investigation, review and analysis of the business, results of operations, prospects,
condition (financial or otherwise) or assets of the Company, and acknowledges that it has been provided adequate access to the
personnel, properties, assets, premises, litigations, books and records, and other documents and data of the Company for such purpose.
The Purchaser acknowledges and agrees that: (a) in making its decision to enter into this Agreement and to consummate the transactions
contemplated hereby, it has relied solely upon its own investigation and the express representations and warranties of the Company
and the Seller set forth in Article V (including any exhibits and schedules attached hereto and provided by the Company and the
Seller).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#33719;&#21462;&#20449;&#24687;&#12290;
&#20080;&#26041;&#24050;&#23545;&#20844;&#21496;&#30340;&#19994;&#21153;&#65292;&#32463;&#33829;&#25104;&#26524;&#65292;&#21069;&#26223;&#65292;&#29366;&#20917;&#65288;&#36130;&#21153;&#25110;&#20854;&#20182;&#26041;&#38754;&#65289;&#25110;&#36164;&#20135;&#36827;&#34892;&#20102;&#29420;&#31435;&#30340;&#35843;&#26597;&#65292;&#23457;&#26597;&#21644;&#20998;&#26512;&#65292;&#24182;&#30830;&#35748;&#24050;&#20026;&#21592;&#24037;&#65292;&#36130;&#20135;&#65292;&#36164;&#20135;&#25552;&#20379;&#20102;&#20805;&#20998;&#30340;&#35775;&#38382;&#26435;&#38480;
&#65292;&#21150;&#20844;&#29992;&#25151;&#65292;&#35785;&#35772;&#65292;&#36134;&#31807;&#21644;&#35760;&#24405;&#20197;&#21450;&#20854;&#20182;&#20844;&#21496;&#30340;&#25991;&#20214;&#21644;&#25968;&#25454;&#12290;
&#20080;&#26041;&#25215;&#35748;&#24182;&#21516;&#24847;&#65306;&#65288;</FONT>a<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#22312;&#20915;&#23450;&#35746;&#31435;&#26412;&#21327;&#35758;&#24182;&#23436;&#25104;&#25454;&#27492;&#25311;&#36827;&#34892;&#30340;&#20132;&#26131;&#26102;&#65292;&#20080;&#26041;&#20165;&#20381;&#38752;&#33258;&#24049;&#30340;&#35843;&#26597;&#20197;&#21450;&#26412;&#20844;&#21496;&#21644;&#21334;&#26041;&#22312;&#26412;&#21327;&#35758;&#20013;&#38416;&#26126;&#30340;&#26126;&#31034;&#21644;&#20445;&#35777;&#12290;
&#31532;&#20116;&#26465;&#65288;&#21253;&#25324;&#26412;&#20844;&#21496;&#21644;&#21334;&#26041;&#25552;&#20379;&#30340;&#20219;&#20309;&#38468;&#20214;&#21644;&#38468;&#34920;&#65289;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4.6 <U>Unpaid Registered
Capital</U>. The Purchaser acknowledges and undertakes that after the Closing, it shall pay the unpaid registered capital of the
Company equal to RMB 87.784 million in accordance with the Company Charter.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26410;&#32564;&#27880;&#20876;&#36164;&#26412;&#12290;
&#20080;&#26041;&#30830;&#35748;&#24182;&#25215;&#35834;&#65292;&#22312;&#23436;&#25104;&#20132;&#26131;&#21518;&#65292;&#20080;&#26041;&#23558;&#26681;&#25454;&#20844;&#21496;&#31456;&#31243;&#25903;&#20184;&#26410;&#25903;&#20184;&#30340;&#27880;&#20876;&#36164;&#26412;&#20154;&#27665;&#24065;</FONT>87784<FONT STYLE="font-family: Times New Roman, Times, Serif">000&#20803;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4.7 <U>No Further Liabilities</U>.
The Purchaser acknowledges and agrees that upon consummation of the Transaction, the Seller shall not have any obligations or liabilities,
contingent or otherwise, relating to the Company and shall have no affiliation with the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#20080;&#26041;&#25215;&#35748;&#24182;&#21516;&#24847;&#65292;&#20132;&#26131;&#23436;&#25104;&#21518;&#65292;&#21334;&#26041;&#23558;&#19981;&#25215;&#25285;&#19982;&#20844;&#21496;&#26377;&#20851;&#30340;&#20219;&#20309;&#65288;&#21487;&#33021;&#21457;&#29983;&#30340;&#25110;&#20854;&#20182;&#30340;&#65289;&#20041;&#21153;&#25110;&#36127;&#20538;&#65292;&#24182;&#19988;&#19982;&#20844;&#21496;&#27809;&#26377;&#20219;&#20309;&#20174;&#23646;&#20851;&#31995;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;<FONT STYLE="text-transform: uppercase"><B>ARTICLE
V</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B><U>REPRESENTATIONS
AND WARRANTIES OF THE company AND SELLER</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B><U>&#20844;&#21496;&#21450;&#21334;&#26041;&#25215;&#35834;&#20445;&#35777;</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">The Company hereby represents
and warrants to the Purchaser as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#26412;&#20844;&#21496;&#29305;&#27492;&#22768;&#26126;&#24182;&#21521;&#20080;&#26041;&#20445;&#35777;&#65306;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">5.1&nbsp;<U>Due Organization
and Good Standing</U>. The Company is a limited liability company duly incorporated, validly existing and in good standing under
the Laws of People&rsquo;s Republic of China.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#36866;&#24403;&#30340;&#32452;&#32455;&#21644;&#33391;&#22909;&#30340;&#20449;&#35465;&#12290;
&#26412;&#20844;&#21496;&#26159;&#26681;&#25454;&#20013;&#21326;&#20154;&#27665;&#20849;&#21644;&#22269;&#27861;&#24459;&#27491;&#24335;&#27880;&#20876;&#25104;&#31435;&#65292;&#26377;&#25928;&#23384;&#22312;&#19988;&#20449;&#35465;&#33391;&#22909;&#30340;&#26377;&#38480;&#36131;&#20219;&#20844;&#21496;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">5.2&nbsp;<U>Authorization;
Binding Agreement</U>. The Company has all requisite corporate power and authority to execute and deliver this Agreement, to perform
its obligations hereunder and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement
and the consummation of the transactions contemplated hereby (a)&nbsp;have been duly and validly authorized and (b) no other corporate
proceedings, other than as set forth elsewhere in the Agreement, are necessary to authorize the execution and delivery of this
Agreement or to consummate the transactions contemplated hereby. This Agreement has been, and shall be when delivered, duly and
validly executed and delivered by the Company, assuming the due authorization, execution and delivery of this Agreement by the
other parties hereto, and constitutes, or when delivered shall constitute, the valid and binding obligation of the Company, enforceable
against the Company in accordance with its terms, except to the extent that enforceability thereof may be limited by the Enforceability
Exceptions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#25480;&#26435;&#65307;&#26377;&#32422;&#26463;&#21147;&#30340;&#21327;&#35758;&#12290;&#20844;&#21496;&#25317;&#26377;&#25191;&#34892;&#21644;&#20132;&#20184;&#26412;&#21327;&#35758;&#65292;&#23653;&#34892;&#20854;&#22312;&#26412;&#21327;&#35758;&#39033;&#19979;&#30340;&#20041;&#21153;&#20197;&#21450;&#23436;&#25104;&#27492;&#22788;&#25311;&#36827;&#34892;&#30340;&#20132;&#26131;&#30340;&#25152;&#26377;&#24517;&#35201;&#30340;&#20844;&#21496;&#26435;&#21147;&#21644;&#26435;&#21147;&#12290;&#26412;&#21327;&#35758;&#30340;&#25191;&#34892;&#21644;&#20132;&#20184;&#20197;&#21450;&#25152;&#32771;&#34385;&#30340;&#20132;&#26131;&#30340;&#23436;&#25104;&#65288;</FONT>a<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#24050;&#24471;&#21040;&#36866;&#24403;&#21644;&#26377;&#25928;&#30340;&#25480;&#26435;&#65292;&#24182;&#19988;&#65288;</FONT>b<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#38500;&#21327;&#35758;&#20854;&#20182;&#37096;&#20998;&#25152;&#35268;&#23450;&#30340;&#20197;&#22806;&#65292;&#26080;&#38656;&#20854;&#20182;&#20844;&#21496;&#31243;&#24207;&#26469;&#25480;&#26435;&#25191;&#34892;&#21644;&#25191;&#34892;&#12290;&#20132;&#20184;&#26412;&#21327;&#35758;&#25110;&#23436;&#25104;&#27492;&#22788;&#25311;&#36827;&#34892;&#30340;&#20132;&#26131;&#12290;&#20551;&#35774;&#20854;&#20182;&#21508;&#26041;&#23545;&#27492;&#21327;&#35758;&#36827;&#34892;&#20102;&#36866;&#24403;&#30340;&#25480;&#26435;&#65292;&#25191;&#34892;&#21644;&#20132;&#20184;&#65292;&#21017;&#26412;&#21327;&#35758;&#24050;&#30001;&#20844;&#21496;&#22949;&#21892;&#65292;&#26377;&#25928;&#22320;&#25191;&#34892;&#21644;&#20132;&#20184;&#65292;&#24182;&#24050;&#26500;&#25104;&#65292;&#25110;&#22312;&#20132;&#20184;&#26102;&#26500;&#25104;&#26377;&#25928;&#30340;&#21644;&#26412;&#20844;&#21496;&#20855;&#26377;&#32422;&#26463;&#21147;&#30340;&#20041;&#21153;&#65292;&#21487;&#26681;&#25454;&#20854;&#26465;&#27454;&#23545;&#20844;&#21496;&#24378;&#21046;&#25191;&#34892;&#65292;&#20294;&#20854;&#21487;&#25191;&#34892;&#24615;&#21487;&#33021;&#20250;&#21463;&#21040;</FONT>&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21487;&#25191;&#34892;&#24615;&#20363;&#22806;</FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#30340;&#38480;&#21046;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">5.3&nbsp;<U>Governmental
Approvals</U>. No Consent of or with any Governmental Authority, on the part of the Company is required to be obtained or made
in connection with the execution, delivery or performance of this Agreement or the consummation of the transactions contemplated
hereby and thereby, other than (a) such filings as may be required in any jurisdiction in which the Company is qualified or authorized
to do business as a foreign corporation in order to maintain such qualification or authorization, or (b) such filings as contemplated
by this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#25919;&#24220;&#25209;&#20934;&#12290;
&#38500;&#65288;</FONT>a<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#20197;&#22806;&#65292;&#19981;&#38656;&#35201;&#26412;&#20844;&#21496;&#23601;&#25191;&#34892;&#65292;&#20132;&#20184;&#25110;&#23653;&#34892;&#26412;&#21327;&#35758;&#25110;&#23436;&#25104;&#27492;&#22788;&#25311;&#36827;&#34892;&#30340;&#20132;&#26131;&#32780;&#33719;&#24471;&#25110;&#21462;&#24471;&#20219;&#20309;&#25919;&#24220;&#26426;&#26500;&#30340;&#21516;&#24847;&#25110;&#21516;&#24847;&#12290;
&#20844;&#21496;&#26377;&#36164;&#26684;&#25110;&#34987;&#25480;&#26435;&#20197;&#22806;&#22269;&#20844;&#21496;&#30340;&#21517;&#20041;&#22312;&#20219;&#20309;&#21496;&#27861;&#31649;&#36758;&#21306;&#32463;&#33829;&#19994;&#21153;&#20197;&#32500;&#25345;&#36825;&#31181;&#36164;&#26684;&#25110;&#25480;&#26435;&#25152;&#24517;&#38656;&#30340;&#25991;&#20214;&#65292;&#25110;&#65288;</FONT>b<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#26412;&#21327;&#35758;&#25152;&#35774;&#24819;&#30340;&#25991;&#20214;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">5.4&nbsp;<U>Non-Contravention</U>.
The execution and delivery by the Company of this Agreement and the consummation of the transactions contemplated hereby, and compliance
with any of the provisions hereof, will not (a) conflict with or violate any provision of the Company Charter, (b)&nbsp;conflict
with or violate any Law, Order or Consent applicable to the Company or any of its properties or assets, or (c) (i) violate, conflict
with or result in a breach of, (ii) constitute a default (or an event which, with notice or lapse of time or both, would constitute
a default) under, (iii) result in the termination, withdrawal, suspension, cancellation or modification of, (iv) accelerate the
performance required by the Company under, (v) result in a right of termination or acceleration under, (vi) give rise to any obligation
to make payments or provide compensation under, (vii) result in the creation of any Lien upon any of the properties or assets of
the Company under, (viii) give rise to any obligation to obtain any third party consent or provide any notice to any Person or
(ix) give any Person the right to declare a default, exercise any remedy, claim a rebate, chargeback, penalty or change in delivery
schedule, accelerate the maturity or performance, cancel, terminate or modify any right, benefit, obligation or other term under,
any of the terms, conditions or provisions of, any material contract of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#19981;&#36829;&#21453;&#12290;&#20844;&#21496;&#23545;&#26412;&#21327;&#35758;&#30340;&#25191;&#34892;&#21644;&#20132;&#20184;&#20197;&#21450;&#25454;&#27492;&#25311;&#36827;&#34892;&#30340;&#20132;&#26131;&#30340;&#23436;&#25104;&#20197;&#21450;&#23545;&#26412;&#21327;&#35758;&#20219;&#20309;&#35268;&#23450;&#30340;&#36981;&#23432;&#65292;&#19981;&#20250;&#65288;</FONT>a<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#19982;&#12298;&#20844;&#21496;&#31456;&#31243;&#12299;&#30340;&#20219;&#20309;&#35268;&#23450;&#30456;&#25269;&#35302;&#25110;&#36829;&#21453;&#65292;&#65288;</FONT>b<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#19982;&#20844;&#21496;&#31456;&#31243;&#30340;&#20219;&#20309;&#35268;&#23450;&#30456;&#25269;&#35302;&#25110;&#36829;&#21453;&#36866;&#29992;&#20110;&#20844;&#21496;&#25110;&#20854;&#20219;&#20309;&#36130;&#20135;&#25110;&#36164;&#20135;&#30340;&#20219;&#20309;&#27861;&#24459;&#65292;&#21629;&#20196;&#25110;&#21516;&#24847;&#20070;&#65292;&#25110;&#65288;</FONT>c<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#65288;</FONT>i<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#36829;&#21453;&#65292;&#19982;&#20043;&#20914;&#31361;&#25110;&#23548;&#33268;&#36829;&#21453;&#65292;&#65288;</FONT>ii<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#26500;&#25104;&#36829;&#32422;&#65288;&#25110;&#19982;&#36890;&#30693;&#25110;&#26102;&#38388;&#30340;&#27969;&#36893;&#25110;&#20004;&#32773;&#20860;&#32780;&#26377;&#20043;&#65292;&#23558;&#26500;&#25104;&#20197;&#19979;&#36829;&#32422;&#65289;&#65292;&#65288;</FONT>iii<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#23548;&#33268;&#20197;&#19979;&#21508;&#39033;&#30340;&#32456;&#27490;&#65292;&#25764;&#22238;&#65292;&#20013;&#27490;&#65292;&#21462;&#28040;&#25110;&#20462;&#25913;&#65292;&#65288;</FONT>iv<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#21152;&#36895;&#20844;&#21496;&#22312;&#20197;&#19979;&#24773;&#20917;&#19979;&#25152;&#38656;&#30340;&#32489;&#25928;&#65306;&#65288;</FONT>v<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#23548;&#33268;&#65288;</FONT>vi<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#20135;&#29983;&#20219;&#20309;&#20184;&#27454;&#25110;&#25552;&#20379;&#34917;&#20607;&#30340;&#20041;&#21153;&#65292;&#65288;</FONT>vii<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#23548;&#33268;&#26681;&#25454;&#65288;</FONT>viii<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#20135;&#29983;&#23545;&#20844;&#21496;&#30340;&#20219;&#20309;&#36130;&#20135;&#25110;&#36164;&#20135;&#30340;&#30041;&#32622;&#26435;&#33719;&#24471;&#20219;&#20309;&#31532;&#19977;&#26041;&#30340;&#20219;&#20309;&#20041;&#21153;</FONT>c<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21521;&#20219;&#20309;&#20154;&#21457;&#36865;&#25110;&#21457;&#20986;&#20219;&#20309;&#36890;&#30693;&#65292;&#25110;&#65288;</FONT>ix<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#36171;&#20104;&#20219;&#20309;&#20154;&#22768;&#26126;&#36829;&#32422;&#65292;&#34892;&#20351;&#20219;&#20309;&#34917;&#25937;&#65292;&#35201;&#27714;&#36864;&#27454;&#65292;&#36864;&#27454;&#65292;&#32602;&#37329;&#25110;&#26356;&#25913;&#20132;&#36135;&#26102;&#38388;&#34920;&#65292;&#21152;&#36895;&#21040;&#26399;&#25110;&#23653;&#34892;&#65292;&#21462;&#28040;&#65292;&#32456;&#27490;&#25110;&#20462;&#25913;&#30340;&#26435;&#21033;&#20844;&#21496;&#20219;&#20309;&#37325;&#35201;&#21512;&#21516;&#30340;&#20219;&#20309;&#26465;&#27454;&#65292;&#26465;&#20214;&#25110;&#35268;&#23450;&#19979;&#30340;&#20219;&#20309;&#26435;&#21033;&#65292;&#21033;&#30410;&#65292;&#20041;&#21153;&#25110;&#20854;&#20182;&#26465;&#27454;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">The Seller hereby represents
and warrants to the Purchaser as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#21334;&#26041;&#29305;&#27492;&#22768;&#26126;&#24182;&#21521;&#20080;&#26041;&#20445;&#35777;&#65306;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">5.5&nbsp;<U>Due Organization
and Good Standing</U>. The Seller is a business company duly incorporated, validly existing and in good standing under the Laws
of the British Virgin Islands.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#36866;&#24403;&#30340;&#32452;&#32455;&#21644;&#33391;&#22909;&#30340;&#20449;&#35465;&#12290;
&#21334;&#26041;&#26159;&#19968;&#23478;&#26681;&#25454;&#33521;&#23646;&#32500;&#23572;&#20140;&#32676;&#23707;&#27861;&#24459;&#27491;&#24335;&#27880;&#20876;&#25104;&#31435;&#65292;&#26377;&#25928;&#23384;&#22312;&#19988;&#20449;&#35465;&#33391;&#22909;&#30340;&#21830;&#19994;&#20844;&#21496;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">5.6&nbsp;<U>Good Title</U>.
The Seller is the record owner of the Equity Interests free and clear of all Liens and upon the execution of the Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#33391;&#22909;&#25152;&#26377;&#26435;&#12290;
&#21334;&#26041;&#26159;&#32929;&#26435;&#30340;&#35760;&#24405;&#25317;&#26377;&#32773;&#65292;&#22312;&#21327;&#35758;&#31614;&#32626;&#26102;&#20854;&#32929;&#26435;&#19978;&#26080;&#20219;&#20309;&#36136;&#26435;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>ARTICLE
VI</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>&nbsp;<U><BR>
TERMINATION AND EXPENSES</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#32456;&#27490;&#21644;&#36153;&#29992;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">6.1&nbsp;<U>Termination</U>.
This Agreement may be terminated and the transactions contemplated hereby may be abandoned at any time prior to the Closing as
follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#32456;&#27490;&#12290;
&#22312;&#23436;&#25104;&#20132;&#26131;&#20043;&#21069;&#30340;&#20219;&#20309;&#26102;&#20505;&#65292;&#26412;&#21327;&#35758;&#21487;&#33021;&#20250;&#32456;&#27490;&#65292;&#29305;&#27492;&#36827;&#34892;&#30340;&#20132;&#26131;&#21487;&#33021;&#20250;&#34987;&#25918;&#24323;&#65292;&#22914;&#19979;&#25152;&#31034;&#65306;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a) by mutual written
consent of the Purchasers and the Seller;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#32463;&#20080;&#21334;&#21452;&#26041;&#30340;&#20070;&#38754;&#21516;&#24847;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b) by written notice
by either the Purchaser or the Seller if a Governmental Authority of competent jurisdiction shall have issued an Order or taken
any other action permanently restraining, enjoining or otherwise prohibiting the transactions contemplated by this Agreement, and
such Order or other action has become final and non-appealable;&nbsp;<U>provided</U>,&nbsp;<U>however</U>, that the right to terminate
this Agreement pursuant to this&nbsp;<U>Section 6.1(b)</U>&nbsp;shall not be available to a Party if the failure by such Party
or its Affiliates to comply with any provision of this Agreement has been a substantial cause of, or substantially resulted in,
such action by such Governmental Authority;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#22914;&#26524;&#20855;&#26377;&#31649;&#36758;&#26435;&#30340;&#25919;&#24220;&#26426;&#26500;&#24050;&#21457;&#24067;&#35746;&#21333;&#25110;&#37319;&#21462;&#20102;&#20854;&#20182;&#27704;&#20037;&#24615;&#38480;&#21046;&#65292;&#31105;&#27490;&#25110;&#20197;&#20854;&#20182;&#26041;&#24335;&#31105;&#27490;&#26412;&#21327;&#35758;&#36827;&#34892;&#30340;&#20132;&#26131;&#30340;&#34892;&#21160;&#65292;&#19988;&#20080;&#26041;&#25110;&#21334;&#26041;&#20197;&#20070;&#38754;&#36890;&#30693;&#30340;&#24418;&#24335;&#65292;&#21017;&#35813;&#21629;&#20196;&#25110;&#20854;&#20182;&#34892;&#21160;&#24050;&#25104;&#20026;&#26368;&#32456;&#20915;&#23450;
&#24182;&#19988;&#19981;&#21487;&#19978;&#35785;&#65307; &#20294;&#26159;&#65292;&#21069;&#25552;&#26159;&#65292;&#22914;&#26524;&#26576;&#32532;&#32422;&#26041;&#25110;&#20854;&#20851;&#32852;&#20844;&#21496;&#26410;&#36981;&#23432;&#26412;&#21327;&#35758;&#30340;&#20219;&#20309;&#35268;&#23450;&#26159;&#36896;&#25104;&#20197;&#19979;&#24773;&#20917;&#30340;&#37325;&#22823;&#21407;&#22240;&#65292;&#21017;&#35813;&#32532;&#32422;&#26041;&#19981;&#24471;&#20139;&#26377;&#26681;&#25454;&#26412;&#31532;</FONT>6.1<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65288;</FONT>b<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#26465;&#32456;&#27490;&#26412;&#21327;&#35758;&#30340;&#26435;&#21033;&#65292;
&#25110;&#23454;&#36136;&#19978;&#23548;&#33268;&#20102;&#35813;&#25919;&#24220;&#26426;&#26500;&#30340;&#27492;&#31867;&#34892;&#21160;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c) by written notice
by the Seller if the required approval of shareholders of the Seller shall not have been obtained at the shareholder meeting of
the Seller; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#22914;&#26524;&#26410;&#22312;&#21334;&#26041;&#30340;&#32929;&#19996;&#22823;&#20250;&#19978;&#33719;&#24471;&#21334;&#26041;&#30340;&#24517;&#35201;&#25209;&#20934;&#65292;&#21017;&#20197;&#21334;&#26041;&#20070;&#38754;&#36890;&#30693;&#30340;&#24418;&#24335;&#65307;
&#25110;&#32773;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d) by written notice
by the Seller if the Merger shall not be closed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#22914;&#26524;&#65288;&#21644;&#26032;&#34507;&#30340;&#65289;&#21512;&#24182;&#26410;&#23436;&#25104;&#65292;&#21017;&#20197;&#21334;&#26041;&#20070;&#38754;&#36890;&#30693;&#30340;&#26041;&#24335;&#25552;&#20986;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">6.2&nbsp;<U>Effect
of Termination</U>. In the event of the valid termination of this Agreement pursuant to&nbsp;<U>Section 6.1</U>, this Agreement
shall forthwith become void, and there shall be no Liability on the part of any Party or any of their respective Representatives,
and all rights and obligations of each Party shall cease, and nothing herein shall relieve any Party from Liability for any willful
breach of any representation, warranty, covenant or obligation under this Agreement or any Fraud Claim against such Party, in either
case, prior to termination of this Agreement. Without limiting the foregoing, and except as provided in this&nbsp;<U>Article VI</U>,
the Parties&rsquo; sole right prior to the Closing with respect to any breach of any representation, warranty, covenant or other
agreement contained in this Agreement by another Party or with respect to the transactions contemplated by this Agreement shall
be the right, if applicable, to terminate this Agreement pursuant to&nbsp;<U>Section 6.1</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#32456;&#27490;&#30340;&#25928;&#21147;&#12290;
&#22914;&#26524;&#26681;&#25454;</FONT>6.1<FONT STYLE="font-family: Times New Roman, Times, Serif">&#33410;&#26377;&#25928;&#32456;&#27490;&#20102;&#26412;&#21327;&#35758;&#65292;&#21017;&#26412;&#21327;&#35758;&#31435;&#21363;&#22833;&#25928;&#65292;&#20219;&#20309;&#19968;&#26041;&#25110;&#20854;&#20219;&#20309;&#20195;&#34920;&#22343;&#19981;&#25215;&#25285;&#20219;&#20309;&#36131;&#20219;&#65292;&#24182;&#19988;&#21508;&#26041;&#30340;&#25152;&#26377;&#26435;&#21033;&#21644;&#20041;&#21153;
&#32456;&#27490;&#65292;&#24182;&#19988;&#22312;&#20219;&#20309;&#24773;&#20917;&#19979;&#65292;&#22312;&#26412;&#21327;&#35758;&#32456;&#27490;&#20043;&#21069;&#65292;&#26412;&#21327;&#35758;&#20013;&#30340;&#20219;&#20309;&#20869;&#23481;&#22343;&#19981;&#20813;&#38500;&#20219;&#20309;&#19968;&#26041;&#23545;&#20219;&#20309;&#25925;&#24847;&#36829;&#21453;&#26412;&#21327;&#35758;&#39033;&#19979;&#30340;&#20219;&#20309;&#38472;&#36848;&#65292;&#25285;&#20445;&#65292;&#22865;&#32422;&#25110;&#20041;&#21153;&#25110;&#38024;&#23545;&#35813;&#26041;&#30340;&#27450;&#35784;&#35831;&#27714;&#30340;&#36131;&#20219;&#12290;
&#22312;&#19981;&#38480;&#21046;&#19978;&#36848;&#35268;&#23450;&#30340;&#24773;&#20917;&#19979;&#65292;&#24182;&#19988;&#38500;&#38750;&#26412;&#31532;&#20845;&#26465;&#21478;&#26377;&#35268;&#23450;&#65292;&#21542;&#21017;&#32532;&#32422;&#21452;&#26041;&#22312;&#32532;&#32422;&#20043;&#21069;&#30340;&#19987;&#26377;&#26435;&#21033;&#65292;&#28041;&#21450;&#20219;&#20309;&#19968;&#26041;&#36829;&#21453;&#26412;&#21327;&#35758;&#25152;&#36733;&#30340;&#20219;&#20309;&#38472;&#36848;&#65292;&#20445;&#35777;&#65292;&#30431;&#32422;&#25110;&#20854;&#20182;&#21327;&#35758;&#65292;&#25110;
&#22914;&#26524;&#36866;&#29992;&#65292;&#26681;&#25454;&#26412;&#21327;&#35758;&#36827;&#34892;&#30340;&#20132;&#26131;&#26159;&#26681;&#25454;</FONT>6.1<FONT STYLE="font-family: Times New Roman, Times, Serif">&#33410;&#32456;&#27490;&#26412;&#21327;&#35758;&#30340;&#26435;&#21033;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">6.3&nbsp;<U>Fees and
Expenses</U>. All Expenses incurred in connection with this Agreement and the transactions contemplated hereby shall be paid by
the Party incurring such expenses. As used in this Agreement, &ldquo;<B><I>Expenses</I></B>&rdquo; shall include all out-of-pocket
expenses (including all fees and expenses of counsel, accountants, investment bankers, financial advisors, financing sources, experts
and consultants to a Party hereto or any of its Affiliates) incurred by a Party or on its behalf in connection with or related
to the authorization, preparation, negotiation, execution or performance of this Agreement or any Ancillary Document related hereto
and all other matters related to the consummation of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#36153;&#29992;&#21644;&#25903;&#20986;&#12290;
&#19982;&#26412;&#21327;&#35758;&#26377;&#20851;&#30340;&#25152;&#26377;&#36153;&#29992;&#20197;&#21450;&#25454;&#27492;&#25311;&#36827;&#34892;&#30340;&#20132;&#26131;&#24212;&#30001;&#21457;&#29983;&#27492;&#31867;&#36153;&#29992;&#30340;&#19968;&#26041;&#25903;&#20184;&#12290;
&#22312;&#26412;&#21327;&#35758;&#20013;&#65292;</FONT>&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#36153;&#29992;</FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24212;&#21253;&#25324;&#25152;&#26377;&#33258;&#20184;&#36153;&#29992;&#65288;&#21253;&#25324;&#26412;&#21327;&#35758;&#19968;&#26041;&#25110;&#20854;&#20219;&#20309;&#20851;&#32852;&#20844;&#21496;&#30340;&#24459;&#24072;&#65292;&#20250;&#35745;&#24072;&#65292;&#25237;&#36164;&#38134;&#34892;&#23478;&#65292;&#36130;&#21153;&#39038;&#38382;&#65292;&#34701;&#36164;&#26469;&#28304;&#65292;&#19987;&#23478;&#21644;&#39038;&#38382;&#30340;&#25152;&#26377;&#36153;&#29992;&#21644;&#25903;&#20986;&#65289;
&#65289;&#30001;&#26576;&#26041;&#25110;&#20854;&#20195;&#34920;&#22240;&#19982;&#26412;&#21327;&#35758;&#25110;&#19982;&#26412;&#21327;&#35758;&#26377;&#20851;&#30340;&#20219;&#20309;&#36741;&#21161;&#25991;&#20214;&#20197;&#21450;&#19982;&#26412;&#21327;&#35758;&#23436;&#25104;&#26377;&#20851;&#30340;&#25152;&#26377;&#20854;&#20182;&#20107;&#39033;&#30340;&#25480;&#26435;&#65292;&#20934;&#22791;&#65292;&#35848;&#21028;&#65292;&#25191;&#34892;&#25110;&#23653;&#34892;&#32780;&#21457;&#29983;&#25110;&#30456;&#20851;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>ARTICLE
VII</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>&nbsp;<U><BR>
RELEASES and INDEMNIFICATION</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B><U>&#35299;&#38500;&#21644;&#36180;&#20607;</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">7.1&nbsp;<U>Release
and Covenant Not to Sue</U>. Effective as of the Closing, to the fullest extent permitted by applicable Law, the Purchaser, on
behalf of itself and its Affiliates, respectively (the &ldquo;<B><I>Releasing Persons</I></B>&rdquo;), will release and discharge
the Seller from and against any and all Actions, obligations, agreements, debts and Liabilities whatsoever, whether known or unknown,
both at law and in equity, which such Releasing Person now has, has ever had or may hereafter have against the Seller arising on
or prior to the Closing Date or on account of or arising out of any matter occurring on or prior to the Closing Date, including
any rights to indemnification or reimbursement from Seller, whether pursuant to its organizational documents, Contract or otherwise,
and whether or not relating to claims pending on, or asserted after, the Closing Date. From and after the Closing, each Releasing
Person hereby irrevocably covenants to refrain from, directly or indirectly, asserting any Action, or commencing or causing to
be commenced, any Action of any kind against the Seller or its Affiliates, based upon any matter purported to be released hereby.
Notwithstanding anything herein to the contrary, the releases and restrictions set forth herein shall not apply to any claims a
Releasing Person may have against any party pursuant to the terms and conditions of this Agreement or any Ancillary Document.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#35299;&#38500;&#21644;&#19981;&#36215;&#35785;&#32422;&#23450;&#12290;&#33258;&#20132;&#26131;&#23436;&#25104;&#20043;&#26085;&#36215;&#65292;&#22312;&#36866;&#29992;&#27861;&#24459;&#20801;&#35768;&#30340;&#26368;&#22823;&#33539;&#22260;&#20869;&#65292;&#20080;&#26041;&#20998;&#21035;&#20195;&#34920;&#20854;&#26412;&#36523;&#21450;&#20854;&#20851;&#32852;&#20844;&#21496;&#65288;&#20197;&#19979;&#31616;&#31216;</FONT>&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#35299;&#38500;&#26435;&#20154;</FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#65292;&#35299;&#38500;&#24182;&#35299;&#38500;&#21334;&#26041;&#30340;&#20219;&#20309;&#21450;&#25152;&#26377;&#34892;&#20026;&#65292;&#20041;&#21153;&#65292;&#22312;&#20132;&#21106;&#26085;&#26399;&#25110;&#20043;&#21069;&#65292;&#25110;&#30001;&#20110;&#20197;&#19979;&#21407;&#22240;&#65292;&#35813;&#35299;&#38500;&#26435;&#20154;&#29616;&#22312;&#25110;&#20197;&#21518;&#21487;&#33021;&#23545;&#21334;&#26041;&#24050;&#32463;&#25317;&#26377;&#30340;&#65292;&#26080;&#35770;&#22312;&#27861;&#24459;&#19978;&#36824;&#26159;&#22312;&#26435;&#30410;&#19978;&#26080;&#35770;&#26159;&#24050;&#30693;&#30340;&#36824;&#26159;&#26410;&#30693;&#30340;&#65292;&#26080;&#35770;&#26159;&#24050;&#30693;&#30340;&#36824;&#26159;&#26410;&#30693;&#30340;&#21327;&#35758;&#65292;&#20538;&#21153;&#21644;&#36127;&#20538;&#22240;&#22312;&#20132;&#21106;&#26085;&#26399;&#20043;&#21069;&#25110;&#20043;&#21069;&#21457;&#29983;&#30340;&#20219;&#20309;&#20107;&#24773;&#32780;&#20135;&#29983;&#65292;&#21253;&#25324;&#23545;&#21334;&#26041;&#26681;&#25454;&#20854;&#32452;&#32455;&#25991;&#20214;&#65292;&#21512;&#21516;&#25110;&#20854;&#20182;&#26041;&#24335;&#20139;&#26377;&#30340;&#20219;&#20309;&#34917;&#20607;&#25110;&#25253;&#38144;&#26435;&#65292;&#19981;&#35770;&#26159;&#21542;&#22312;&#20132;&#21106;&#26085;&#26399;&#26102;&#27491;&#20027;&#24352;&#25110;&#20043;&#21518;&#20027;&#24352;&#30340;&#32034;&#36180;&#12290;&#20132;&#26131;&#32467;&#26463;&#21518;&#21450;&#20043;&#21518;&#65292;&#21508;&#35299;&#38500;&#26435;&#20154;&#22312;&#27492;&#19981;&#21487;&#25764;&#28040;&#30340;&#25215;&#35834;&#65292;&#23601;&#36825;&#37324;&#34987;&#35299;&#38500;&#30340;&#20219;&#20309;&#20107;&#24773;&#65292;&#19981;&#24471;&#30452;&#25509;&#25110;&#38388;&#25509;&#20027;&#24352;&#38024;&#23545;&#21334;&#26041;&#25110;&#20854;&#20851;&#32852;&#20844;&#21496;&#30340;&#20219;&#20309;&#24418;&#24335;&#30340;&#35785;&#35772;&#65292;&#25110;&#24320;&#22987;&#25110;&#24341;&#36215;&#23545;&#21334;&#26041;&#25110;&#20854;&#20851;&#32852;&#20844;&#21496;&#30340;&#20219;&#20309;&#24418;&#24335;&#30340;&#35785;&#35772;&#12290;&#23613;&#31649;&#26412;&#25991;&#26377;&#20219;&#20309;&#30456;&#21453;&#30340;&#35268;&#23450;&#65292;&#26412;&#21512;&#21516;&#25152;&#36848;&#30340;&#35299;&#38500;&#21644;&#38480;&#21046;&#22343;&#19981;&#36866;&#29992;&#20110;&#35299;&#38500;&#26435;&#20154;&#26681;&#25454;&#26412;&#21327;&#35758;&#25110;&#20219;&#20309;&#36741;&#21161;&#25991;&#20214;&#30340;&#26465;&#27454;&#21644;&#26465;&#20214;&#21487;&#33021;&#23545;&#20219;&#20309;&#19968;&#26041;&#25552;&#20986;&#30340;&#20219;&#20309;&#32034;&#36180;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">7.2 <U>Indemnification</U>.
Unless otherwise provided in this Agreement, each of the Seller and the Purchaser (the &ldquo;<B><I>Indemnitor</I></B>&rdquo;)
agrees to indemnify the other Party and each of its Affiliates, successors and assigns (the &ldquo;<B><I>Indemnitee</I></B>&rdquo;)
from and against any and all damages, losses and expenses (including, without limitation, legal fees and expenses and the costs
of investigating any claims, but excluding any consequential or indirect damages, lost profits, frustrated expenses, internal administration
and overhead costs) that the Indemnitee may incur or sustain from the Indemnitor&rsquo;s breach of any of its representations,
warranties or covenants in this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#20445;&#38556;&#12290;
&#38500;&#38750;&#26412;&#21327;&#35758;&#21478;&#26377;&#35268;&#23450;&#65292;&#21542;&#21017;&#21334;&#26041;&#21644;&#20080;&#26041;&#65288;&#20197;&#19979;&#31216;&ldquo;&#36180;&#20607;&#26041;&rdquo;&#65289;&#22343;&#21516;&#24847;&#23601;&#20219;&#20309;&#21450;&#25152;&#26377;&#25439;&#23475;&#65292;&#25439;&#22833;&#21521;&#21478;&#19968;&#26041;&#21450;&#20854;&#20851;&#32852;&#26041;&#65292;&#32487;&#25215;&#20154;&#21644;&#21463;&#35753;&#20154;&#65288;&ldquo;&#21463;&#20607;&#26041;&rdquo;&#65289;&#36827;&#34892;&#36180;&#20607;&#65292;
&#36180;&#20607;&#26041;&#21487;&#33021;&#23601;&#20854;&#36829;&#21453;&#22312;&#26412;&#21327;&#35758;&#20013;&#30340;&#20219;&#20309;&#38472;&#36848;&#65292;&#20445;&#35777;&#25110;&#30431;&#32422;&#32780;&#33268;&#21463;&#20607;&#20154;&#36973;&#21463;&#25110;&#25215;&#21463;&#30340;&#36153;&#29992;&#21644;&#25439;&#22833;&#65288;&#21253;&#25324;&#20294;&#19981;&#38480;&#20110;&#27861;&#24459;&#36153;&#29992;&#21644;&#36153;&#29992;&#20197;&#21450;&#35843;&#26597;&#20219;&#20309;&#32034;&#36180;&#30340;&#36153;&#29992;&#65292;&#20294;&#19981;&#21253;&#25324;&#20219;&#20309;&#38388;&#25509;&#25110;&#38388;&#25509;&#25439;&#22833;&#65292;&#21033;&#28070;&#25439;&#22833;&#65292;&#21463;&#25387;&#36153;&#29992;&#65292;&#20869;&#37096;&#31649;&#29702;&#36153;&#29992;&#21644;&#38388;&#25509;&#36153;&#29992;&#65289;&#36827;&#34892;&#36180;&#20607;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>ARTICLE
VIII</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>&nbsp;<U><BR>
Liability for Breach of Agreement</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#36829;&#32422;&#36131;&#20219;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">8.1&nbsp;<U>Indemnification
by the Purchaser</U>. Any breach of or failure to perform its representation, warranties, obligations or responsibilities by one
Party shall constitute a default. The breaching Party shall be liable for indemnifying the non-breaching Party against all monetary
losses suffered by the non-breaching Party as well as all expenses incurred by it for claiming its rights, including but not limited
to reasonable attorney fee, investigation fee and travel expense.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#20080;&#26041;&#36180;&#20607;&#12290;
&#20219;&#20309;&#19968;&#26041;&#36829;&#21453;&#25110;&#19981;&#23653;&#34892;&#20854;&#20195;&#34920;&#65292;&#20445;&#35777;&#65292;&#20041;&#21153;&#25110;&#36131;&#20219;&#65292;&#22343;&#26500;&#25104;&#36829;&#32422;&#12290;
&#36829;&#32422;&#26041;&#26377;&#36131;&#20219;&#36180;&#20607;&#38750;&#36829;&#32422;&#26041;&#36973;&#21463;&#38750;&#36829;&#32422;&#26041;&#36973;&#21463;&#30340;&#25152;&#26377;&#37329;&#38065;&#25439;&#22833;&#20197;&#21450;&#20854;&#22240;&#20027;&#24352;&#26435;&#21033;&#32780;&#36973;&#21463;&#30340;&#25152;&#26377;&#36153;&#29992;&#65292;&#21253;&#25324;&#20294;&#19981;&#38480;&#20110;&#21512;&#29702;&#30340;&#24459;&#24072;&#36153;&#65292;&#35843;&#26597;&#36153;&#21644;&#24046;&#26053;&#36153;
&#36153;&#29992;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">8.2 <U>Force Majeure</U>. Any delay in or
failure of performance by either Party of all or any of their obligations under this Agreement shall not constitute a breach hereunder
if, and to the extent that such delays or failures are caused by Force Majeure, provided that necessary remedial measures shall
be taken to reduce the damage under proper condition. The Force Majeure means objective events or circumstances, unpredictable,
unavoidable and uncontrollable, which includes earthquake, typhoon, flood, fire, war and other unpredictable, unavoidable and uncontrollable
Acts of Gods, and change of any laws, rules and regulations, promulgation of new laws, rules and regulations, or any government
act leading to direct influence on the performance of the Agreement or failure to perform the terms and conditions hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&#19981;&#21487;&#25239;&#21147;&#12290;
&#22914;&#26524;&#20219;&#20309;&#19968;&#26041;&#24310;&#35823;&#25110;&#26410;&#33021;&#23653;&#34892;&#26412;&#21327;&#35758;&#39033;&#19979;&#30340;&#20840;&#37096;&#25110;&#20219;&#20309;&#20041;&#21153;&#65292;&#21017;&#22312;&#19981;&#21487;&#25239;&#21147;&#30340;&#24773;&#20917;&#19979;&#65292;&#19988;&#22312;&#19968;&#23450;&#31243;&#24230;&#19978;&#24212;&#30001;&#19981;&#21487;&#25239;&#21147;&#36896;&#25104;&#30340;&#65292;&#21017;&#19981;&#26500;&#25104;&#26412;&#21327;&#35758;&#30340;&#36829;&#21453;&#65292;&#20294;&#24517;&#39035;&#37319;&#21462;&#24517;&#35201;&#30340;&#34917;&#25937;&#25514;&#26045;&#12290;
&#22312;&#36866;&#24403;&#24773;&#20917;&#19979;&#37319;&#21462;&#20197;&#20943;&#23569;&#25439;&#22351;&#30340;&#25514;&#26045;&#12290;
&#19981;&#21487;&#25239;&#21147;&#26159;&#25351;&#19981;&#21487;&#39044;&#27979;&#65292;&#26080;&#27861;&#36991;&#20813;&#21644;&#26080;&#27861;&#25511;&#21046;&#30340;&#23458;&#35266;&#20107;&#20214;&#25110;&#24773;&#20917;&#65292;&#21253;&#25324;&#22320;&#38663;&#65292;&#21488;&#39118;&#65292;&#27946;&#27700;&#65292;&#28779;&#28798;&#65292;&#25112;&#20105;&#21644;&#20854;&#20182;&#19981;&#21487;&#39044;&#27979;&#65292;&#26080;&#27861;&#36991;&#20813;&#21644;&#19981;&#21487;&#25511;&#21046;&#30340;&#19978;&#24093;&#34892;&#20026;&#65292;&#20197;&#21450;&#20219;&#20309;&#27861;&#24459;&#65292;&#27861;&#35268;&#21644;&#27861;&#35268;&#30340;&#21464;&#26356;&#65292;&#26032;&#27861;&#35268;&#30340;&#39041;&#24067;&#12290;
&#27861;&#24459;&#65292;&#27861;&#35268;&#21644;&#35268;&#31456;&#25110;&#20219;&#20309;&#25919;&#24220;&#34892;&#20026;&#65292;&#30452;&#25509;&#24433;&#21709;&#21327;&#35758;&#30340;&#23653;&#34892;&#25110;&#26410;&#23653;&#34892;&#26412;&#21327;&#35758;&#30340;&#26465;&#27454;&#21644;&#26465;&#20214;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>ARTICLE
IX</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>&nbsp;<U><BR>
MISCELLANEOUS</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B><U>&#38468;&#21017;</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">9.1&nbsp;<U>Registration</U>.
The Company shall, in accordance with the provisions herein, within 30 Busines Days following the Closing Date, (i) report for
filing to, and register the transfer of Equity Interests and this Agreement with, local SAIC, and obtain a new business license
of the Company; and (ii) take all necessary steps to register or file the transfer of Equity Interests with various government
authorities as may be required by the laws of the PRC (&ldquo;<B><I>Registration</I></B>&rdquo;). Both the Seller and the Purchaser
shall offer any assistance and cooperation reasonably required to fulfil and complete those registrations or filings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#27880;&#20876;&#12290;
&#20844;&#21496;&#24212;&#25353;&#29031;&#26412;&#35268;&#23450;&#22312;&#20132;&#21106;&#26085;&#26399;&#21518;&#30340;</FONT>30<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20010;&#33829;&#19994;&#26085;&#20869;&#65292;&#65288;</FONT>i<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#21521;&#24403;&#22320;&#22269;&#23478;&#24037;&#21830;&#34892;&#25919;&#31649;&#29702;&#24635;&#23616;&#25253;&#21578;&#24182;&#21521;&#20854;&#30331;&#35760;&#24182;&#36716;&#35753;&#32929;&#26435;&#21644;&#26412;&#21327;&#35758;&#65292;&#24182;&#33719;&#24471;&#26032;&#30340;&#33829;&#19994;&#25191;&#29031;</FONT>;
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65288;</FONT>ii<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#37319;&#21462;&#19968;&#20999;&#24517;&#35201;&#27493;&#39588;&#65292;&#25353;&#29031;&#20013;&#22269;&#27861;&#24459;&#30340;&#35268;&#23450;&#21521;&#21508;&#20010;&#25919;&#24220;&#26426;&#26500;&#27880;&#20876;&#25110;&#25552;&#20132;&#32929;&#26435;&#36716;&#35753;&#12290;
&#21334;&#26041;&#21644;&#20080;&#26041;&#22343;&#24212;&#25552;&#20379;&#21512;&#29702;&#30340;&#21327;&#21161;&#21644;&#21512;&#20316;&#65292;&#20197;&#23436;&#25104;&#24182;&#23436;&#25104;&#36825;&#20123;&#27880;&#20876;&#25110;&#22791;&#26696;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">If a separate equity
transfer agreement is signed for the purpose of Registration under this Section 9.1 (the &ldquo;<B><I>Registration Agreement</I></B>&rdquo;),
the Parties acknowledge and agree that the Registration Agreement shall only be used for handling Registrations as may be required
by law. Wherever there is any inconsistency between this Agreement and the Registration Agreement, this Agreement shall govern.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#22914;&#20026;&#32929;&#26435;&#36716;&#35753;&#24037;&#21830;&#21464;&#26356;&#30331;&#35760;&#31561;&#35201;&#27714;&#65292;&#21478;&#34892;&#31614;&#32626;&#32929;&#26435;&#36716;&#35753;&#21327;&#35758;&#30340;&#65288;&#20197;&#19979;&#31616;&#31216;</FONT>&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24037;&#21830;&#22791;&#26696;&#21327;&#35758;</FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#65292;&#21452;&#26041;&#19968;&#33268;&#30830;&#35748;&#24182;&#21516;&#24847;&#65306;&#35813;&#31561;&#24037;&#21830;&#22791;&#26696;&#21327;&#35758;&#20165;&#20026;&#21150;&#29702;&#26412;&#27425;&#32929;&#26435;&#36716;&#35753;&#24037;&#21830;&#21464;&#26356;&#30331;&#35760;&#25163;&#32493;&#20043;&#29992;&#65307;&#33509;&#26412;&#21327;&#35758;&#21644;&#24037;&#21830;&#22791;&#26696;&#21327;&#35758;&#26377;&#19981;&#19968;&#33268;&#20043;&#22788;&#30340;&#65292;&#20197;&#26412;&#21327;&#35758;&#32422;&#23450;&#20026;&#20934;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">9.2&nbsp;<U>Confidentiality</U>.
The terms and conditions are confidential and shall not be disclosed to any third party without other Party&rsquo;s prior written
consent. If required by Law or Governmental Authority, the disclosing party shall discuss with the other party the disclosure and
submission of relevant information within reasonable time prior to the disclosure and submission. The Parties shall cause their
respective Representatives to perform the confidentiality obligation set forth in this Section. This Section shall survive the
termination of this Agreement for any reason.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#20445;&#23494;&#12290;
&#36825;&#20123;&#26465;&#27454;&#21644;&#26465;&#20214;&#26159;&#26426;&#23494;&#30340;&#65292;&#26410;&#32463;&#21478;&#19968;&#26041;&#20107;&#20808;&#20070;&#38754;&#21516;&#24847;&#65292;&#19981;&#24471;&#23558;&#20854;&#36879;&#38706;&#32473;&#20219;&#20309;&#31532;&#19977;&#26041;&#12290;
&#22914;&#26524;&#27861;&#24459;&#25110;&#25919;&#24220;&#26426;&#26500;&#26377;&#35201;&#27714;&#65292;&#25259;&#38706;&#26041;&#24212;&#22312;&#25259;&#38706;&#21644;&#25552;&#20132;&#20043;&#21069;&#30340;&#21512;&#29702;&#26102;&#38388;&#20869;&#19982;&#21478;&#19968;&#26041;&#35752;&#35770;&#25259;&#38706;&#21644;&#25552;&#20132;&#30456;&#20851;&#20449;&#24687;&#12290;
&#21508;&#26041;&#24212;&#20419;&#20351;&#20854;&#21508;&#33258;&#30340;&#20195;&#34920;&#23653;&#34892;&#26412;&#33410;&#35268;&#23450;&#30340;&#20445;&#23494;&#20041;&#21153;&#12290;
&#26412;&#33410;&#26080;&#35770;&#20986;&#20110;&#20219;&#20309;&#21407;&#22240;&#22343;&#24212;&#22312;&#26412;&#21327;&#35758;&#32456;&#27490;&#21518;&#32487;&#32493;&#26377;&#25928;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">9.3 <U>Binding Effect;
Assignment</U>. This Agreement and all of the provisions hereof shall be binding upon and inure to the benefit of the Parties hereto
and their respective successors and permitted assigns. This Agreement shall not be assigned by operation of Law or otherwise without
the prior written consent of the Purchaser and the Seller, and any assignment without such consent shall be null and void;&nbsp;<U>provided</U>&nbsp;that
no such assignment shall relieve the assigning Party of its obligations hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#32422;&#26463;&#25928;&#26524;&#65307;
&#36716;&#35753;&#12290; &#26412;&#21327;&#35758;&#21450;&#26412;&#21327;&#35758;&#30340;&#25152;&#26377;&#26465;&#27454;&#24212;&#23545;&#26412;&#21327;&#35758;&#21452;&#26041;&#21450;&#20854;&#21508;&#33258;&#30340;&#32487;&#25215;&#20154;&#21644;&#20801;&#35768;&#30340;&#21463;&#35753;&#20154;&#20855;&#26377;&#32422;&#26463;&#21147;&#65292;&#24182;&#30830;&#20445;&#20854;&#21033;&#30410;&#12290;
&#26410;&#32463;&#20080;&#21334;&#21452;&#26041;&#20107;&#20808;&#20070;&#38754;&#21516;&#24847;&#65292;&#19981;&#24471;&#36890;&#36807;&#27861;&#24459;&#25110;&#20854;&#20182;&#26041;&#24335;&#36716;&#35753;&#26412;&#21327;&#35758;&#65307;&#26410;&#32463;&#20080;&#26041;&#21644;&#21334;&#26041;&#20107;&#20808;&#20070;&#38754;&#21516;&#24847;&#65292;&#19981;&#24471;&#36716;&#35753;&#26412;&#21327;&#35758;&#65307;
&#20294;&#27492;&#31867;&#36716;&#35753;&#19981;&#24471;&#35299;&#38500;&#36716;&#35753;&#26041;&#22312;&#26412;&#21327;&#35758;&#39033;&#19979;&#30340;&#20041;&#21153;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">9.4&nbsp;<U>Third Parties</U>.
Nothing contained in this Agreement or in any instrument or document executed by any party in connection with the transactions
contemplated hereby shall create any rights in, or be deemed to have been executed for the benefit of, any Person that is not a
Party hereto or thereto or a successor or permitted assign of such a Party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#31532;&#19977;&#26041;&#12290;
&#26412;&#21327;&#35758;&#25110;&#20219;&#20309;&#19968;&#26041;&#19982;&#26412;&#21327;&#35758;&#25152;&#36827;&#34892;&#30340;&#20132;&#26131;&#26377;&#20851;&#30340;&#20219;&#20309;&#25991;&#20214;&#25110;&#25991;&#20214;&#20013;&#25152;&#21253;&#21547;&#30340;&#20219;&#20309;&#20869;&#23481;&#65292;&#22343;&#19981;&#24471;&#20026;&#20219;&#20309;&#38750;&#26412;&#21327;&#35758;&#24403;&#20107;&#26041;&#30340;&#20154;&#21019;&#36896;&#20219;&#20309;&#26435;&#21033;&#25110;&#34987;&#35270;&#20026;&#24050;&#20026;&#20219;&#20309;&#20154;&#30340;&#21033;&#30410;&#25191;&#34892;
&#25110;&#35813;&#24403;&#20107;&#26041;&#30340;&#32487;&#25215;&#20154;&#25110;&#20801;&#35768;&#30340;&#21463;&#35753;&#20154;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">9.5&nbsp;<U>Dispute
Resolution</U>. The execution, validity, interpretation, performance, implementation and dispute resolution of this Agreement shall
be governed by and construed in accordance with the laws of China. Any dispute arising out of or in connection with this Agreement
shall be settled by the parties hereto through friendly negotiation. Either party may submit any dispute failing friendly settlement
to competent courts where this Agreement is executed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#20105;&#31471;&#35299;&#20915;&#12290;
&#26412;&#21327;&#35758;&#30340;&#25191;&#34892;&#12289;&#26377;&#25928;&#24615;&#12289;&#35299;&#37322;&#12289;&#25191;&#34892;&#21644;&#20105;&#35758;&#35299;&#20915;&#24212;&#21463;&#20013;&#22269;&#27861;&#24459;&#31649;&#36758;&#24182;&#25454;&#20854;&#35299;&#37322;&#12290;
&#22240;&#26412;&#21327;&#35758;&#24341;&#36215;&#30340;&#25110;&#19982;&#26412;&#21327;&#35758;&#26377;&#20851;&#30340;&#20219;&#20309;&#20105;&#35758;&#65292;&#24212;&#30001;&#21452;&#26041;&#36890;&#36807;&#21451;&#22909;&#21327;&#21830;&#35299;&#20915;&#12290;
&#20219;&#20309;&#19968;&#26041;&#22914;&#26410;&#33021;&#21451;&#22909;&#35299;&#20915;&#65292;&#22343;&#21487;&#21521;&#26412;&#21327;&#35758;&#31614;&#32626;&#22320;&#30340;&#26377;&#31649;&#36758;&#26435;&#30340;&#27861;&#38498;&#25552;&#36215;&#35785;&#35772;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">9.6&nbsp;<U>Specific
Performance</U>. Each Party acknowledges that the rights of each Party to consummate the transactions contemplated hereby are unique,
recognizes and affirms that in the event of a breach of this Agreement by any Party, money damages may be inadequate and the non-breaching
Parties may have not adequate remedy at law, and agree that irreparable damage would occur in the event that any of the provisions
of this Agreement were not performed by an applicable Party in accordance with their specific terms or were otherwise breached.
Accordingly, each Party shall be entitled to seek an injunction or restraining order to prevent breaches of this Agreement and
to seek to enforce specifically the terms and provisions hereof, without the requirement to post any bond or other security or
to prove that money damages would be inadequate, this being in addition to any other right or remedy to which such Party may be
entitled under this Agreement, at law or in equity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#20855;&#20307;&#34920;&#29616;&#12290;
&#27599;&#19968;&#26041;&#22343;&#25215;&#35748;&#65292;&#20854;&#36798;&#25104;&#20132;&#26131;&#30340;&#26435;&#21033;&#26159;&#29420;&#19968;&#26080;&#20108;&#30340;&#65292;&#24182;&#30830;&#35748;&#65292;&#22914;&#26524;&#20219;&#20309;&#19968;&#26041;&#36829;&#21453;&#26412;&#21327;&#35758;&#65292;&#21017;&#37329;&#38065;&#25439;&#22833;&#21487;&#33021;&#19981;&#36275;&#65292;&#24182;&#19988;&#38750;&#36829;&#32422;&#26041;&#21487;&#33021;&#27809;&#26377;&#36275;&#22815;&#30340;&#36180;&#20607;&#37329;&#12290;
&#24182;&#20381;&#27861;&#37319;&#21462;&#34917;&#25937;&#25514;&#26045;&#65292;&#24182;&#21516;&#24847;&#22914;&#26524;&#36866;&#29992;&#32532;&#32422;&#26041;&#26410;&#25353;&#29031;&#20854;&#29305;&#23450;&#26465;&#27454;&#25191;&#34892;&#26412;&#21327;&#35758;&#30340;&#20219;&#20309;&#35268;&#23450;&#25110;&#20197;&#20854;&#20182;&#26041;&#24335;&#36829;&#21453;&#20102;&#26412;&#21327;&#35758;&#30340;&#20219;&#20309;&#35268;&#23450;&#65292;&#21017;&#20250;&#36896;&#25104;&#26080;&#27861;&#24357;&#34917;&#30340;&#25439;&#23475;&#12290;
&#22240;&#27492;&#65292;&#27599;&#19968;&#24403;&#20107;&#26041;&#22343;&#26377;&#26435;&#23547;&#27714;&#31105;&#21046;&#20196;&#25110;&#31105;&#27490;&#20196;&#65292;&#20197;&#38450;&#27490;&#36829;&#21453;&#26412;&#21327;&#35758;&#30340;&#35268;&#23450;&#65292;&#24182;&#23547;&#27714;&#20855;&#20307;&#25191;&#34892;&#26412;&#21327;&#35758;&#30340;&#26465;&#27454;&#21644;&#35268;&#23450;&#65292;&#32780;&#26080;&#38656;&#21457;&#24067;&#20219;&#20309;&#20445;&#35777;&#37329;&#25110;&#20854;&#20182;&#25285;&#20445;&#25110;&#35777;&#26126;&#23558;&#23545;&#37329;&#38065;&#36896;&#25104;&#25439;&#23475;&#30340;&#36180;&#20607;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">9.7&nbsp;<U>Severability</U>.
In case any provision in this Agreement shall be held invalid, illegal or unenforceable in a jurisdiction, such provision shall
be modified or deleted, as to the jurisdiction involved, only to the extent necessary to render the same valid, legal and enforceable,
and the validity, legality and enforceability of the remaining provisions hereof shall not in any way be affected or impaired thereby
nor shall the validity, legality or enforceability of such provision be affected thereby in any other jurisdiction. Upon such determination
that any term or other provision is invalid, illegal or incapable of being enforced, the Parties will substitute for any invalid,
illegal or unenforceable provision a suitable and equitable provision that carries out, so far as may be valid, legal and enforceable,
the intent and purpose of such invalid, illegal or unenforceable provision.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21487;&#20998;&#21106;&#24615;&#12290;
&#22914;&#26524;&#26412;&#21327;&#35758;&#20013;&#30340;&#20219;&#20309;&#35268;&#23450;&#22312;&#26576;&#21496;&#27861;&#31649;&#36758;&#21306;&#20013;&#34987;&#35748;&#20026;&#26159;&#26080;&#25928;&#65292;&#38750;&#27861;&#25110;&#19981;&#21487;&#25191;&#34892;&#65292;&#21017;&#20165;&#22312;&#20351;&#35813;&#21496;&#27861;&#31649;&#36758;&#21306;&#26377;&#25928;&#65292;&#21512;&#27861;&#19988;&#21487;&#24378;&#21046;&#25191;&#34892;&#35813;&#35268;&#23450;&#30340;&#33539;&#22260;&#20869;&#65292;&#25165;&#24212;&#20462;&#25913;&#25110;&#21024;&#38500;&#35813;&#35268;&#23450;&#12290;
&#20854;&#20313;&#26465;&#27454;&#30340;&#26377;&#25928;&#24615;&#65292;&#21512;&#27861;&#24615;&#21644;&#21487;&#25191;&#34892;&#24615;&#19981;&#20250;&#22240;&#27492;&#21463;&#21040;&#20219;&#20309;&#24433;&#21709;&#25110;&#25439;&#23475;&#65292;&#22312;&#20219;&#20309;&#20854;&#20182;&#21496;&#27861;&#31649;&#36758;&#21306;&#20013;&#65292;&#27492;&#31867;&#26465;&#27454;&#30340;&#26377;&#25928;&#24615;&#65292;&#21512;&#27861;&#24615;&#25110;&#21487;&#25191;&#34892;&#24615;&#20063;&#19981;&#20250;&#21463;&#21040;&#20219;&#20309;&#24433;&#21709;&#12290;
&#19968;&#26086;&#30830;&#23450;&#20219;&#20309;&#26465;&#27454;&#25110;&#20854;&#20182;&#35268;&#23450;&#26080;&#25928;&#65292;&#36829;&#27861;&#25110;&#26080;&#27861;&#25191;&#34892;&#65292;&#21452;&#26041;&#23558;&#22312;&#26377;&#25928;&#65292;&#21512;&#27861;&#21644;&#21487;&#25191;&#34892;&#30340;&#33539;&#22260;&#20869;&#26367;&#20195;&#36866;&#24403;&#65292;&#20844;&#24179;&#30340;&#35268;&#23450;&#20195;&#26367;&#20219;&#20309;&#26080;&#25928;&#65292;&#38750;&#27861;&#25110;&#19981;&#21487;&#25191;&#34892;&#30340;&#35268;&#23450;
&#65292;&#27492;&#31867;&#26080;&#25928;&#65292;&#38750;&#27861;&#25110;&#26080;&#27861;&#25191;&#34892;&#30340;&#26465;&#27454;&#30340;&#24847;&#22270;&#21644;&#30446;&#30340;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">9.8&nbsp;<U>Amendment</U>.
This Agreement may be amended, supplemented or modified only by execution of a written instrument signed by the Purchaser and the
Seller.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#34917;&#20805;&#21327;&#35758;&#12290;
&#21482;&#26377;&#36890;&#36807;&#25191;&#34892;&#20080;&#21334;&#21452;&#26041;&#31614;&#32626;&#30340;&#20070;&#38754;&#25991;&#20070;&#65292;&#25165;&#33021;&#23545;&#26412;&#21327;&#35758;&#36827;&#34892;&#20462;&#25913;&#65292;&#34917;&#20805;&#25110;&#20462;&#25913;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">9.9 <U>Waiver</U>.
The Purchaser on behalf of itself and its Affiliates, the Company on behalf of itself and its Affiliates, and the Seller on behalf
of itself, may in its sole discretion (i) extend the time for the performance of any obligation or other act of any other non-Affiliated
Party hereto, (ii)&nbsp;waive any inaccuracy in the representations and warranties by such other non-Affiliated Party contained
herein or in any document delivered pursuant hereto and (iii) waive compliance by such other non-Affiliated Party with any covenant
or condition contained herein. Any such extension or waiver shall be valid only if set forth in an instrument in writing signed
by the Party or Parties to be bound thereby. Notwithstanding the foregoing, no failure or delay by a Party in exercising any right
hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise
of any other right hereunder.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#35905;&#20813;&#12290;
&#20080;&#26041;&#20195;&#34920;&#33258;&#24049;&#21450;&#20854;&#20851;&#32852;&#20844;&#21496;&#65292;&#20844;&#21496;&#20195;&#34920;&#33258;&#36523;&#21450;&#20854;&#20851;&#32852;&#20844;&#21496;&#20197;&#21450;&#21334;&#26041;&#20195;&#34920;&#33258;&#24049;&#65288;</FONT>i<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#21487;&#20197;&#33258;&#34892;&#20915;&#23450;&#65288;</FONT>i<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#24310;&#38271;&#23653;&#34892;&#20219;&#20309;&#20041;&#21153;&#25110;&#20219;&#20309;&#20854;&#20182;&#34892;&#20026;&#30340;&#26102;&#38388;
&#26412;&#21327;&#35758;&#30340;&#20854;&#20182;&#38750;&#20851;&#32852;&#26041;&#65292;&#65288;</FONT>ii<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#25918;&#24323;&#26412;&#21327;&#35758;&#25110;&#26681;&#25454;&#26412;&#21327;&#35758;&#25552;&#20379;&#30340;&#20219;&#20309;&#25991;&#20214;&#20013;&#21253;&#21547;&#30340;&#35813;&#20854;&#20182;&#38750;&#20851;&#32852;&#26041;&#30340;&#38472;&#36848;&#21644;&#20445;&#35777;&#20013;&#30340;&#20219;&#20309;&#19981;&#20934;&#30830;&#20043;&#22788;&#65292;&#20197;&#21450;&#65288;</FONT>iii<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#25918;&#24323;&#35813;&#20854;&#20182;&#38750;&#20851;&#32852;&#26041;&#36981;&#23432;&#20219;&#20309;&#20844;&#32422;
&#25110;&#27492;&#22788;&#21253;&#21547;&#30340;&#26465;&#20214;&#12290; &#20219;&#20309;&#27492;&#31867;&#24310;&#26399;&#25110;&#25918;&#24323;&#22343;&#24212;&#20165;&#22312;&#30001;&#19968;&#20010;&#25110;&#22810;&#20010;&#21463;&#20854;&#32422;&#26463;&#30340;&#24403;&#20107;&#26041;&#31614;&#32626;&#30340;&#20070;&#38754;&#25991;&#20070;&#20013;&#35268;&#23450;&#26102;&#26377;&#25928;&#12290;
&#23613;&#31649;&#26377;&#21069;&#36848;&#35268;&#23450;&#65292;&#20219;&#20309;&#19968;&#26041;&#26410;&#33021;&#34892;&#20351;&#25110;&#24310;&#36831;&#34892;&#20351;&#26412;&#21327;&#35758;&#39033;&#19979;&#30340;&#20219;&#20309;&#26435;&#21033;&#22343;&#19981;&#24471;&#25918;&#24323;&#20854;&#34892;&#20351;&#26435;&#21033;&#65292;&#20219;&#20309;&#21333;&#39033;&#25110;&#37096;&#20998;&#34892;&#20351;&#20063;&#19981;&#24471;&#25490;&#38500;&#26412;&#21327;&#35758;&#39033;&#19979;&#20219;&#20309;&#20854;&#20182;&#26435;&#21033;&#30340;&#20219;&#20309;&#20854;&#20182;&#25110;&#36827;&#19968;&#27493;&#30340;&#34892;&#20351;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">9.10&nbsp;<U>Entire
Agreement</U>. This Agreement and the documents or instruments referred to herein, including any exhibits, annexes and schedules
attached hereto, which exhibits, annexes and schedules are incorporated herein by reference, embody the entire agreement and understanding
of the Parties hereto in respect of the subject matter contained herein. There are no restrictions, promises, representations,
warranties, covenants or undertakings, other than those expressly set forth or referred to herein or the documents or instruments
referred to herein, which collectively supersede all prior agreements and the understandings among the Parties with respect to
the subject matter contained herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#23436;&#25972;&#21327;&#35758;&#12290;
&#26412;&#21327;&#35758;&#21450;&#26412;&#25991;&#20013;&#25152;&#25351;&#30340;&#25991;&#20214;&#25110;&#24037;&#20855;&#65292;&#21253;&#25324;&#20854;&#25152;&#38468;&#30340;&#20219;&#20309;&#38468;&#20214;&#21644;&#26102;&#38388;&#34920;&#65292;&#20854;&#20013;&#30340;&#38468;&#20214;&#21644;&#26102;&#38388;&#34920;&#65292;&#22343;&#20197;&#24341;&#29992;&#26041;&#24335;&#24182;&#20837;&#26412;&#25991;&#65292;&#20307;&#29616;&#20102;&#26412;&#21327;&#35758;&#21508;&#26041;&#23601;&#25152;&#21547;&#20027;&#39064;&#30340;&#23436;&#25972;&#21327;&#35758;&#21644;&#35845;&#35299;
&#22312;&#36825;&#37324;&#12290; &#38500;&#26412;&#25991;&#26126;&#30830;&#35268;&#23450;&#25110;&#25552;&#21450;&#30340;&#38480;&#21046;&#25110;&#26412;&#25991;&#25552;&#21450;&#30340;&#25991;&#20214;&#25110;&#25991;&#20070;&#22806;&#65292;&#27809;&#26377;&#20219;&#20309;&#38480;&#21046;&#65292;&#36825;&#20123;&#26465;&#27454;&#12289;&#25215;&#35834;&#12289;&#22768;&#26126;&#12289;&#20445;&#35777;&#12289;&#30431;&#32422;&#25110;&#25215;&#35834;&#23558;&#38598;&#20307;&#21462;&#20195;&#25152;&#26377;&#20808;&#21069;&#30340;&#21327;&#35758;&#20197;&#21450;&#21508;&#32532;&#32422;&#26041;&#20043;&#38388;&#23601;
&#26412;&#25991;&#21253;&#21547;&#30340;&#20027;&#39064;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">9.11&nbsp;<U>Counterparts</U>.
This Agreement may be executed and delivered (including by facsimile or other electronic transmission) in one or more counterparts,
and by the different Parties hereto in separate counterparts, each of which when executed shall be deemed to be an original but
all of which taken together shall constitute one and the same agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#25991;&#26412;&#12290;
&#26412;&#21327;&#35758;&#21487;&#20197;&#22312;&#19968;&#20010;&#25110;&#22810;&#20010;&#25991;&#26412;&#25191;&#34892;&#65288;&#21253;&#25324;&#36890;&#36807;&#20256;&#30495;&#25110;&#20854;&#20182;&#30005;&#23376;&#20256;&#36755;&#65289;&#65292;&#24182;&#21487;&#20197;&#30001;&#26412;&#21327;&#35758;&#30340;&#19981;&#21516;&#24403;&#20107;&#26041;&#22312;&#21333;&#29420;&#30340;&#25991;&#26412;&#20013;&#25191;&#34892;&#21644;&#20132;&#20184;&#65292;&#22312;&#25191;&#34892;&#26102;&#65292;&#27599;&#20010;&#25991;&#26412;&#22343;&#24212;&#34987;&#35270;&#20026;&#21407;&#22987;&#21327;&#35758;&#65292;&#20294;&#25152;&#26377;&#20869;&#23481;&#24212;&#21512;&#35745;&#22312;&#19968;&#36215;
&#26500;&#25104;&#19968;&#39033;&#30456;&#21516;&#30340;&#21327;&#35758;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>ARTICLE
X</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>&nbsp;<U><BR>
DEFINITIONS</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B><U>&#23450;&#20041;</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">10.1&nbsp;<U>Certain
Definitions</U>. For purpose of this Agreement, the following capitalized terms have the following meanings:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#29305;&#23450;&#23450;&#20041;&#12290;
&#23601;&#26412;&#21327;&#35758;&#32780;&#35328;&#65292;&#20197;&#19979;&#22823;&#20889;&#26415;&#35821;&#20855;&#26377;&#20197;&#19979;&#21547;&#20041;&#65306;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B><I>Action</I></B>&rdquo;
means any notice of noncompliance or violation, or any claim, demand, charge, action, suit, litigation, audit, settlement, complaint,
stipulation, assessment or arbitration, or any request (including any request for information), inquiry, hearing, proceeding or
investigation, by or before any Governmental Authority.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#35785;&#35772;</FONT>&rdquo;
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26159;&#25351;&#20219;&#20309;&#36829;&#35268;&#25110;&#36829;&#35268;&#36890;&#30693;&#65292;&#25110;&#20219;&#20309;&#32034;&#36180;&#12289;&#35201;&#27714;&#12289;&#25351;&#25511;&#12289;&#35785;&#35772;&#12289;&#23457;&#35745;&#12289;&#21644;&#35299;&#12289;&#25237;&#35785;&#12289;&#35268;&#23450;&#12289;&#35780;&#20272;&#25110;&#20210;&#35009;&#65292;&#25110;&#20219;&#20309;&#35201;&#27714;&#30001;&#20219;&#20309;&#25919;&#24220;&#26426;&#26500;&#36827;&#34892;&#32838;&#35759;&#65292;&#36827;&#34892;&#25110;&#35843;&#26597;&#65288;&#21253;&#25324;&#20219;&#20309;&#20449;&#24687;&#35201;&#27714;&#65289;&#12289;&#26597;&#35810;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B><I>Affiliate</I></B>&rdquo;
means, with respect to any Person, any other Person directly or indirectly Controlling, Controlled by, or under common Control
with such Person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#23545;&#20110;&#20219;&#20309;&#20154;&#65292;</FONT>&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20851;&#32852;&#20844;&#21496;</FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26159;&#25351;&#30452;&#25509;&#25110;&#38388;&#25509;&#25511;&#21046;&#65292;&#21463;&#20854;&#25511;&#21046;&#25110;&#19982;&#20043;&#20849;&#21516;&#25511;&#21046;&#30340;&#20219;&#20309;&#20854;&#20182;&#20154;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B><I>Ancillary
Documents</I></B>&rdquo; means each agreement, instrument or document attached hereto as an Exhibit, including the other agreements,
certificates and instruments to be executed or delivered by any of the parties hereto in connection with or pursuant to this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#36741;&#21161;&#25991;&#20214;</FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26159;&#25351;&#20316;&#20026;&#38468;&#20214;&#25152;&#38468;&#30340;&#27599;&#20221;&#21327;&#35758;&#65292;&#25991;&#20070;&#25110;&#25991;&#20214;&#65292;&#21253;&#25324;&#30001;&#20219;&#20309;&#24403;&#20107;&#26041;&#26681;&#25454;&#25110;&#26681;&#25454;&#26412;&#21327;&#35758;&#25191;&#34892;&#25110;&#20132;&#20184;&#30340;&#20854;&#20182;&#21327;&#35758;&#65292;&#35777;&#20070;&#21644;&#25991;&#20070;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B><I>Business
Day</I></B>&rdquo; means any day other than a Saturday, Sunday or a legal holiday on which commercial banking institutions in Beijing,
China are authorized to close for business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#33829;&#19994;&#26085;</FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26159;&#25351;&#38500;&#26143;&#26399;&#20845;&#65292;&#26143;&#26399;&#26085;&#25110;&#27861;&#23450;&#20551;&#26085;&#20197;&#22806;&#30340;&#20219;&#20309;&#19968;&#22825;&#65292;&#20013;&#22269;&#21271;&#20140;&#30340;&#21830;&#19994;&#38134;&#34892;&#26426;&#26500;&#26377;&#26435;&#22312;&#35813;&#20551;&#26085;&#20241;&#19994;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B><I>Consent</I></B>&rdquo;
means any consent, approval, waiver, authorization or Permit of, or notice to or declaration or filing with any Governmental Authority
or any other Person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21516;&#24847;</FONT>&rdquo;
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26159;&#25351;&#21521;&#20219;&#20309;&#25919;&#24220;&#26426;&#26500;&#25110;&#20219;&#20309;&#20854;&#20182;&#20154;&#30340;&#21516;&#24847;&#65292;&#25209;&#20934;&#65292;&#25918;&#24323;&#65292;&#25480;&#26435;&#25110;&#35768;&#21487;&#65292;&#25110;&#21521;&#20854;&#21457;&#20986;&#30340;&#36890;&#30693;&#65292;&#22768;&#26126;&#65292;&#22768;&#26126;&#25110;&#30003;&#35831;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B><I>Contracts</I></B>&rdquo;
means all contracts, agreements, binding arrangements, bonds, notes, indentures, mortgages, debt instruments, purchase order, licenses,
franchises, leases and other instruments or obligations of any kind, written or oral (including any amendments and other modifications
thereto).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21512;&#21516;</FONT>&rdquo;
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26159;&#25351;&#25152;&#26377;&#21512;&#21516;&#65292;&#21327;&#35758;&#65292;&#26377;&#32422;&#26463;&#21147;&#30340;&#23433;&#25490;&#65292;&#20538;&#21048;&#65292;&#31080;&#25454;&#65292;&#22865;&#32422;&#65292;&#25269;&#25276;&#65292;&#20538;&#21153;&#24037;&#20855;&#65292;&#23450;&#36141;&#21333;&#65292;&#35768;&#21487;&#35777;&#65292;&#29305;&#35768;&#32463;&#33829;&#26435;&#65292;&#31199;&#36161;&#21644;&#20854;&#20182;&#20219;&#20309;&#24418;&#24335;&#30340;&#20070;&#38754;&#25110;&#21475;&#22836;&#20041;&#21153;&#65288;&#21253;&#25324;&#20219;&#20309;&#20462;&#27491;&#21644;&#20854;&#20182;&#20462;&#25913;&#65289;
&#21040;&#27492;&#65289;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B><I>Control</I></B>&rdquo;
of a Person means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies
of such Person, whether through the ownership of voting securities, by contract, or otherwise. &ldquo;Controlled&rdquo;, &ldquo;Controlling&rdquo;
and &ldquo;under common Control with&rdquo; have correlative meanings. Without limiting the foregoing a Person (the &ldquo;<B><I>Controlled
Person</I></B>&rdquo;) shall be deemed Controlled by (a) any other Person (the &ldquo;<B><I>10% Owner</I></B>&rdquo;) (i) owning
beneficially, as meant in Rule 13d-3 under the Exchange Act, securities entitling such Person to cast ten percent (10%) or more
of the votes for election of directors or equivalent governing authority of the Controlled Person or (ii) entitled to be allocated
or receive ten percent (10%) or more of the profits, losses, or distributions of the Controlled Person; (b) an officer, director,
general partner, partner (other than a limited partner), manager, or member (other than a member having no management authority
that is not a 10% Owner) of the Controlled Person; or (c) a spouse, parent, lineal descendant, sibling, aunt, uncle, niece, nephew,
mother-in-law, father-in-law, sister-in-law, or brother-in-law of an Affiliate of the Controlled Person or a trust for the benefit
of an Affiliate of the Controlled Person or of which an Affiliate of the Controlled Person is a trustee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20154;</FONT>&rdquo;
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#30340;</FONT> &ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#25511;&#21046;</FONT>&rdquo;
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26159;&#25351;&#30452;&#25509;&#25110;&#38388;&#25509;&#25317;&#26377;&#25351;&#23548;&#25110;&#24341;&#36215;&#35813;&#20154;&#30340;&#31649;&#29702;&#21644;&#25919;&#31574;&#26041;&#21521;&#30340;&#26435;&#21147;&#65292;&#26080;&#35770;&#26159;&#36890;&#36807;&#34920;&#20915;&#26435;&#35777;&#21048;&#30340;&#25152;&#26377;&#26435;&#65292;&#36890;&#36807;&#21512;&#21516;&#36824;&#26159;&#20854;&#20182;&#26041;&#24335;&#12290;</FONT>
&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21463;&#25511;</FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65292;</FONT>&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#25511;&#21046;</FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21644;</FONT>&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#19982;</FONT>...<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20849;&#21516;&#25511;&#21046;</FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20855;&#26377;&#30456;&#20851;&#30340;&#21547;&#20041;&#12290;&#22312;&#19981;&#38480;&#21046;&#19978;&#36848;&#35268;&#23450;&#30340;&#21069;&#25552;&#19979;&#65292;&#26681;&#25454;&#12298;&#20132;&#26131;&#27861;&#12299;&#31532;</FONT>13d-3<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#30340;&#35268;&#23450;&#65292;&#26576;&#20154;&#65288;</FONT>&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21463;&#25511;&#20154;</FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#24212;&#34987;&#35270;&#20026;&#30001;&#65288;</FONT>a<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#20219;&#20309;&#20854;&#20182;&#20154;&#65288;</FONT>&ldquo;
10<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65285;&#25152;&#26377;&#32773;</FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#65288;</FONT>i<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#23454;&#30410;&#25317;&#26377;&#65292;&#20351;&#35813;&#20154;&#26377;&#26435;&#25237;&#31080;&#36873;&#20986;&#21463;&#25511;&#20154;&#30340;&#33891;&#20107;&#25110;&#31561;&#25928;&#27835;&#29702;&#26426;&#26500;&#30340;&#31080;&#25968;&#30340;&#30334;&#20998;&#20043;&#21313;&#65288;</FONT>10<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65285;&#65289;&#25110;&#20197;&#19978;&#30340;&#35777;&#21048;&#65292;&#25110;&#65288;</FONT>ii<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#26377;&#26435;&#20998;&#37197;&#25110;&#33719;&#24471;&#30334;&#20998;&#20043;&#21313;&#65288;</FONT>10<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65285;&#65289;&#25110;&#20197;&#19978;&#30340;&#21033;&#28070;&#30340;&#35777;&#21048;&#65292;&#25511;&#21046;&#20154;&#30340;&#25439;&#22833;&#25110;&#20998;&#37197;&#65307;
&#65288;</FONT>b<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#21463;&#25511;&#20154;&#30340;&#39640;&#32423;&#32844;&#21592;&#65292;&#33891;&#20107;&#65292;&#26222;&#36890;&#21512;&#20249;&#20154;&#65292;&#21512;&#20249;&#20154;&#65288;&#26377;&#38480;&#21512;&#20249;&#20154;&#38500;&#22806;&#65289;&#65292;&#32463;&#29702;&#25110;&#25104;&#21592;&#65288;&#26080;&#31649;&#29702;&#26435;&#30340;&#25104;&#21592;&#65288;&#38750;</FONT>10<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65285;&#25152;&#26377;&#20154;&#65289;&#38500;&#22806;&#65289;&#65307;&#25110;&#65288;</FONT>c<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#19979;&#21015;&#20154;&#22763;&#30340;&#38468;&#23646;&#20844;&#21496;&#30340;&#37197;&#20598;&#65292;&#29238;&#27597;&#65292;&#30452;&#31995;&#21518;&#35028;&#65292;&#20804;&#24351;&#22992;&#22969;&#65292;&#23016;&#22920;&#65292;&#21460;&#21460;&#65292;&#20356;&#22899;&#65292;&#20356;&#23376;&#65292;&#23731;&#27597;&#65292;&#23731;&#29238;&#65292;&#23731;&#27597;&#25110;&#20804;&#24351;&#21463;&#25511;&#21046;&#20154;&#25110;&#20026;&#21463;&#25511;&#21046;&#20154;&#30340;&#20851;&#32852;&#20844;&#21496;&#30340;&#21033;&#30410;&#25110;&#21463;&#20854;&#25511;&#21046;&#30340;&#20154;&#30340;&#21463;&#25176;&#20154;&#30340;&#20449;&#25176;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B><I>Governmental
Authority</I></B>&rdquo; means any federal, state, local, foreign or other governmental, quasi-governmental or administrative body,
instrumentality, department or agency or any court, tribunal, administrative hearing body, arbitration panel, commission, or other
similar dispute-resolving panel or body.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#25919;&#24220;&#26426;&#26500;</FONT>&rdquo;
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26159;&#25351;&#20219;&#20309;&#32852;&#37030;&#12289;&#24030;&#12289;&#22320;&#26041;&#12289;&#22806;&#22269;&#25110;&#20854;&#20182;&#25919;&#24220;&#12289;&#20934;&#25919;&#24220;&#25110;&#34892;&#25919;&#26426;&#26500;&#12289;&#26426;&#26500;&#12289;&#37096;&#38376;&#25110;&#26426;&#26500;&#12289;&#25110;&#20219;&#20309;&#27861;&#38498;&#12289;&#27861;&#24237;&#12289;&#34892;&#25919;&#21548;&#35777;&#26426;&#26500;&#12289;&#20210;&#35009;&#23567;&#32452;&#12289;&#22996;&#21592;&#20250;&#25110;&#20854;&#20182;&#31867;&#20284;&#30340;&#20105;&#31471;&#35299;&#20915;
&#38754;&#26495;&#25110;&#20027;&#20307;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B><I>Law</I></B>&rdquo;
means any federal, state, local, municipal, foreign or other law, statute, legislation, principle of common law, ordinance, code,
edict, decree, proclamation, treaty, convention, rule, regulation, directive, requirement, writ, injunction, settlement, Order
or Consent that is or has been issued, enacted, adopted, passed, approved, promulgated, made, implemented or otherwise put into
effect by or under the authority of any Governmental Authority.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#27861;&#24459;</FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26159;&#25351;&#20219;&#20309;&#32852;&#37030;&#12289;&#24030;&#12289;&#22320;&#26041;&#12289;&#24066;&#32423;&#12289;&#22806;&#22269;&#25110;&#20854;&#20182;&#27861;&#24459;&#12289;&#27861;&#35268;&#12289;&#31435;&#27861;&#12289;&#26222;&#36890;&#27861;&#21407;&#21017;&#12289;&#27861;&#20196;&#12289;&#27861;&#35268;&#12289;&#27861;&#20196;&#12289;&#20844;&#21578;&#12289;&#26465;&#32422;&#12289;&#20844;&#32422;&#12289;&#35268;&#21017;&#12289;&#27861;&#35268;&#12289;&#25351;&#20196;&#12289;&#35201;&#27714;&#12289;&#21629;&#20196;
&#25110;&#22312;&#20219;&#20309;&#25919;&#24220;&#26426;&#26500;&#30340;&#25480;&#26435;&#19979;&#24050;&#32463;&#25110;&#24050;&#32463;&#39041;&#24067;&#36890;&#36807;&#12289;&#25209;&#20934;&#12289;&#39041;&#24067;&#12289;&#23454;&#26045;&#25110;&#20197;&#20854;&#20182;&#26041;&#24335;&#29983;&#25928;&#30340;&#31105;&#27490;&#20196;&#12289;&#35299;&#20915;&#26041;&#26696;&#12289;&#21629;&#20196;&#25110;&#21516;&#24847;&#20070;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B><I>Liabilities</I></B>&rdquo;
means any and all liabilities, indebtedness, Actions or obligations of any nature (whether absolute, accrued, contingent or otherwise,
whether known or unknown, whether direct or indirect, whether matured or unmatured and whether due or to become due), including
tax liabilities due or to become due.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#36127;&#20538;</FONT>&rdquo;
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26159;&#25351;&#20219;&#20309;&#24615;&#36136;&#30340;&#20219;&#20309;&#21644;&#25152;&#26377;&#36127;&#20538;&#65292;&#20538;&#21153;&#65292;&#35785;&#35772;&#25110;&#20041;&#21153;&#65288;&#26080;&#35770;&#26159;&#32477;&#23545;&#30340;&#65292;&#24212;&#35745;&#30340;&#65292;&#25110;&#26377;&#30340;&#25110;&#20854;&#20182;&#30340;&#65292;&#26080;&#35770;&#26159;&#24050;&#30693;&#30340;&#36824;&#26159;&#26410;&#30693;&#30340;&#65292;&#26080;&#35770;&#26159;&#30452;&#25509;&#30340;&#36824;&#26159;&#38388;&#25509;&#30340;&#65292;&#26080;&#35770;&#26159;&#25104;&#29087;&#30340;&#36824;&#26159;&#26410;&#21040;&#26399;&#30340;&#65292;&#20197;&#21450;&#21040;&#26399;&#25110;&#21040;&#26399;&#30340;&#65289;&#65292;
&#21253;&#25324;&#21040;&#26399;&#25110;&#23558;&#35201;&#21040;&#26399;&#30340;&#31246;&#25910;&#36127;&#20538;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B><I>Lien</I></B>&rdquo;
means any mortgage, pledge, security interest, attachment, right of first refusal, option, proxy, voting trust, encumbrance, lien
or charge of any kind (including any conditional sale or other title retention agreement or lease in the nature thereof), restriction
(whether on voting, sale, transfer, disposition or otherwise), any subordination arrangement in favor of another Person, any filing
or agreement to file a financing statement as debtor under the Uniform Commercial Code or any similar Law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20538;&#21153;</FONT>&rdquo;
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26159;&#25351;&#20219;&#20309;&#24615;&#36136;&#30340;&#20219;&#20309;&#21644;&#25152;&#26377;&#20538;&#21153;&#12289;&#35785;&#35772;&#25110;&#20041;&#21153;&#65288;&#26080;&#35770;&#26159;&#32477;&#23545;&#30340;&#65292;&#24212;&#35745;&#30340;&#65292;&#25110;&#26377;&#30340;&#25110;&#20854;&#20182;&#30340;&#65292;&#26080;&#35770;&#26159;&#24050;&#30693;&#30340;&#36824;&#26159;&#26410;&#30693;&#30340;&#65292;&#26080;&#35770;&#26159;&#30452;&#25509;&#30340;&#36824;&#26159;&#38388;&#25509;&#30340;&#65292;&#26080;&#35770;&#26159;&#21040;&#26399;&#30340;&#36824;&#26159;&#26410;&#36807;&#26399;&#30340;&#65292;&#20197;&#21450;&#36807;&#26399;&#30340;&#65289;&#65292;&#21253;&#25324;&#32456;&#27490;&#25110;&#23558;&#35201;&#32456;&#27490;&#30340;&#34917;&#20607;&#20538;&#21153;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B><I>Order</I></B>&rdquo;
means any order, decree, ruling, judgment, injunction, writ, determination, binding decision, verdict, judicial award or other
action that is or has been made, entered, rendered, or otherwise put into effect by or under the authority of any Governmental
Authority.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21629;&#20196;</FONT>&rdquo;
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26159;&#25351;&#30001;&#26435;&#23041;&#26426;&#26500;&#25110;&#22312;&#20854;&#25480;&#26435;&#19979;&#24050;&#32463;&#25110;&#24050;&#32463;&#20316;&#20986;&#25110;&#20197;&#20854;&#20182;&#26041;&#24335;&#23454;&#26045;&#30340;&#20219;&#20309;&#21629;&#20196;&#12289;&#27861;&#20196;&#12289;&#35009;&#20915;&#12289;&#21028;&#20915;&#12289;&#31105;&#20196;&#12289;&#20196;&#29366;&#12289;&#35009;&#20915;&#12289;&#26377;&#32422;&#26463;&#21147;&#30340;&#20915;&#23450;&#12289;&#21028;&#20915;&#12289;&#21496;&#27861;&#35009;&#20915;&#25110;&#20854;&#20182;&#34892;&#21160;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B><I>Organizational
Documents</I></B>&rdquo; means, with respect to the Purchaser, the Purchaser Charter, and with respect to any other Party, its
Certificate of Incorporation and Bylaws or similar organizational documents, in each case, as amended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#23545;&#20110;&#20080;&#26041;&#32780;&#35328;&#65292;</FONT>&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32452;&#32455;&#25991;&#20214;</FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#25351;&#30340;&#26159;&#20080;&#26041;&#31456;&#31243;&#65292;&#23545;&#20110;&#20219;&#20309;&#20854;&#20182;&#26041;&#32780;&#35328;&#65292;&#20998;&#21035;&#25351;&#32463;&#20462;&#35746;&#30340;&#20844;&#21496;&#27880;&#20876;&#35777;&#20070;&#21644;&#31456;&#31243;&#25110;&#31867;&#20284;&#30340;&#32452;&#32455;&#25991;&#20214;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B><I>Person</I></B>&rdquo;
means an individual, corporation, partnership (including a general partnership, limited partnership or limited liability partnership),
limited liability company, association, trust or other entity or organization, including a government, domestic or foreign, or
political subdivision thereof, or an agency or instrumentality thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20154;&#21592;</FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26159;&#25351;&#20010;&#20154;&#65292;&#20844;&#21496;&#65292;&#21512;&#20249;&#20225;&#19994;&#65288;&#21253;&#25324;&#26222;&#36890;&#21512;&#20249;&#20225;&#19994;&#65292;&#26377;&#38480;&#21512;&#20249;&#20225;&#19994;&#25110;&#26377;&#38480;&#36131;&#20219;&#21512;&#20249;&#20225;&#19994;&#65289;&#65292;&#26377;&#38480;&#36131;&#20219;&#20844;&#21496;&#65292;&#21327;&#20250;&#65292;&#20449;&#25176;&#25110;&#20854;&#20182;&#23454;&#20307;&#25110;&#32452;&#32455;&#65292;&#21253;&#25324;&#20854;&#25919;&#24220;&#65292;&#22269;&#20869;&#25110;&#22269;&#22806;&#26426;&#26500;&#25110;&#20854;&#25919;&#27835;&#20998;&#25903;&#26426;&#26500;&#65292;
&#25110;&#20854;&#20195;&#29702;&#26426;&#26500;&#25110;&#24037;&#20855;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B><I>Representative</I></B>&rdquo;
means, as to any Person, such Person&rsquo;s Affiliates and its and their managers, directors, officers, employees, agents and
advisors (including financial advisors, counsel and accountants).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#23545;&#20110;&#20219;&#20309;&#26041;&#65292;</FONT>&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20195;&#34920;</FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26159;&#25351;&#35813;&#20154;&#30340;&#20851;&#32852;&#20844;&#21496;&#21450;&#20854;&#32463;&#29702;&#12289;&#33891;&#20107;&#12289;&#39640;&#32423;&#32844;&#21592;&#12289;&#38599;&#21592;&#12289;&#20195;&#29702;&#21830;&#21644;&#39038;&#38382;&#65288;&#21253;&#25324;&#36130;&#21153;&#39038;&#38382;&#65292;&#39038;&#38382;&#21644;&#20250;&#35745;&#24072;&#65289;&#12290;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>[REMAINDER OF PAGE INTENTIONALLY LEFT
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[<FONT STYLE="font-family: Times New Roman, Times, Serif">&#39029;&#30340;&#20313;&#19979;&#37096;&#20998;&#20026;&#31354;&#30333;&#65307;
&#31614;&#21517;&#39029;&#38468;&#21518;</FONT>]</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">IN WITNESS WHEREOF,
each Party hereto has caused this Agreement to be signed and delivered by its respective duly authorized officer as of the date
first written above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#35880;&#20197;&#27492;&#20026;&#35777;&#65292;&#21508;&#24403;&#20107;&#26041;&#24050;&#20419;&#20351;&#26412;&#21327;&#35758;&#30001;&#20854;&#21508;&#33258;&#30340;&#27491;&#24335;&#25480;&#26435;&#23448;&#21592;&#22312;&#19978;&#36848;&#26085;&#26399;&#20043;&#26085;&#36215;&#31614;&#32626;&#24182;&#20132;&#20184;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt"><I><U>The Purchaser: <FONT STYLE="font-family: Times New Roman, Times, Serif">&#20080;&#26041;</FONT></U></I></FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Beijing Fenjin Times Technology Development Co., Ltd.</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#21271;&#20140;&#22859;&#36827;&#26102;&#20195;&#31185;&#25216;&#21457;&#23637;&#26377;&#38480;&#20844;&#21496;</P></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="width: 30%; border-bottom: black 1.5pt solid">/s/ Yang Cao</TD>
    <TD STYLE="width: 66%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Name: Yang Cao</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Title: Legal Representative</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt"><I><U>The Seller:<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21334;&#26041;</FONT></U></I></FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Lianluo Smart Limited </B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&#32852;&#32476;&#26234;&#33021;&#26377;&#38480;&#20844;&#21496;</B></P></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid">/s/ Bin Lin</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Name: Bin Lin</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Title: Chief Executive Officer</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt"><I><U>The Company:<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20844;&#21496;</FONT></U></I></FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Lianluo Connection Medical Wearable Device Technology (Beijing)
        Co., Ltd.</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&#32852;&#32476;&#21307;&#30103;&#21487;&#31359;&#25140;&#35774;&#22791;&#25216;&#26415;&#65288;&#21271;&#20140;&#65289;&#26377;&#38480;&#20844;&#21496;</B></P></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid">/s/ Ping Chen</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Name: Ping Chen</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Title: Legal Representative</FONT></TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
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<DOCUMENT>
<TYPE>EX-99.3
<SEQUENCE>4
<FILENAME>ea128821ex99-3_lianluo.htm
<DESCRIPTION>PRESS RELEASE, DATED OCTOBER 24, 2020
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right"><B>Exhibit 99.3</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Lianluo Smart Limited and Newegg Inc.
Announce Entering into Merger Agreement</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">City of Industry, California and Beijing,
China, October 24, 2020 /PRNewswire/ &mdash; Lianluo Smart Limited (&quot;LLIT&quot; or the &quot;Company&quot;) (NASDAQ: LLIT),
and privately-held Newegg Inc. (&quot;Newegg&quot;) today jointly announced that they have entered into an Agreement and Plan of
Merger (the &quot;Merger Agreement&quot;), whereby the stockholders of Newegg will become the majority owners of LLIT, as a result
of the merger of Lightning Delaware Sub, Inc. (the &ldquo;Merger Sub&rdquo;), LLIT&rsquo;s wholly owned subsidiary, with and into
Newegg. In addition, LLIT will sell its equity holdings in Lianluo Connection Medical Wearable Device Technology (Beijing) Co.,
Ltd. (&ldquo;Lianluo Connection&rdquo;) to Beijing Fenjin Times Technology Development Co., Ltd (&ldquo;Fenjin Times&rdquo;) pursuant
to an equity transfer agreement (&ldquo;Disposition Agreement&rdquo;). The disposition will become effective immediately following
completion of the Merger.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Concurrent with the closing of the merger
and disposition described above (collectively, the &ldquo;Restructure&rdquo;), the Company will conduct a public offering of its
common shares with expected gross proceeds of approximately $30 million (the &ldquo;Financing&rdquo;). The consummation of the
Restructure and the Financing are contingent on the closing of each other transaction and certain customary approvals and conditions.
LLIT will seek its shareholders&rsquo; approval of the Restructure as well as an amendment to its memorandum and articles of association
to eliminate its dual class share structure, to effectuate a reverse share split if needed to meet Nasdaq&rsquo;s initial listing
requirements, to increase the number of its authorized shares and to effectuate a name change.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">LLIT&rsquo;s Class A common shares are
currently traded on Nasdaq under the symbol &quot;LLIT&quot;. In connection with the closing of the Restructure and the Financing,
LLIT intends to change its name to &ldquo;Newegg Commerce, Inc.&rdquo; and remain Nasdaq-listed under a new ticker symbol. Upon
completion of the merger, the board of directors and officers of LLIT will be replaced by the board of directors and officers of
Newegg.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Newegg is a leading e-commerce company
in North America offering direct sales and an online marketplace platform for consumer electronics, entertainment, smart home and
gaming products and provides certain third-party logistics services and marketing services globally.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;Over the course of nearly two decades, Newegg built a
highly reputable and widely recognized name in the tech-focused ecommerce market. As we prepare to become a publicly traded company,
we are well positioned to build on this foundation to take Newegg to the next level,&rdquo; said Anthony Chow, Global CEO of Newegg.
&ldquo;Combining our deep market expertise in ecommerce and leadership in technology, we are structured and prepared to capitalize
on new strategic initiatives and partnerships.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Key Terms of the Transactions</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Merger</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Under the terms of the Merger Agreement,
the Merger Sub will merge with and into Newegg, with Newegg surviving the merger as a wholly-owned subsidiary of LLIT. Upon completion
of the merger, the Class B common shares of LLIT will be eliminated and LLIT will only have one class of securities, which will
be referred to as common shares. The holder of all outstanding Class B common shares and warrants has elected to convert those
shares into the same number of common shares and amend those warrants to be exercisable for the same number of common shares at
the same aggregate exercise price, effective immediately prior to completion of the merger. Pursuant to the Merger Agreement, LLIT
will issue approximately 363,325,542 common shares to the Newegg stockholders as the merger consideration.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">It is anticipated that immediately upon
completion of the merger, Newegg&rsquo;s current stockholders will have an ownership interest of approximately 99.02%, and LLIT&rsquo;s
existing shareholders will own approximately 0.98%, of the post-merger company. The above ownership percentages do not take into
account the Company&rsquo;s proposed Financing of common shares that is contemplated to take place concurrently with the Restructure.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Disposition</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Simultaneously with the execution of the
Merger Agreement, the Company entered into the Disposition Agreement with Fenjin Times. Pursuant to the Disposition Agreement,
the Company will sell all of the equity interest in its sole operating subsidiary, Lianluo Connection to Fenjin Times for cash
consideration of $0. In addition, as the new owner of Lianluo Connection, Fenjin Times is obligated to make a contribution of RMB87.784
million to Lianluo Connection&rsquo;s registered capital by September 23, 2023 in accordance with the articles of association of
Lianluo Connection. The Company also agreed to convert the debt owed by Lianluo Connection to the Company in the aggregate amount
of $11,255,188 into additional paid-in capital of Lianluo Connection. Upon completion of this disposition, Lianluo Connection will
be 100% owned by Fenjin Times.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Approvals, Opinions and Conditions</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company will seek its shareholders&rsquo;
approval of the Restructure as well as other related proposals including the elimination of its dual class structure, an increase
of the authorized shares, share combination, name change, and amendment of its memorandum and articles of association.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The proposed Restructure has been unanimously
approved by the board of directors of LLIT. The Merger Agreement was also approved by all of the board members of Newegg and adopted
by a majority of holders of each class of outstanding capital stock of Newegg. Since Hangzhou Lianluo Interactive Technology Co.,
Ltd. (&ldquo;Hangzhou Lianluo&rdquo;) is the direct or indirect controlling shareholder of both LLIT and Newegg, the proposed Restructure
has been unanimously approved by the special committee of board of directors of LLIT and the proposed Merger Agreement has been
unanimously approved by the special committee of the board of directors of Newegg.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Benchmark Company, LLC (&ldquo;Benchmark&rdquo;)
is acting as financial advisor to the Company. Benchmark provided a fairness opinion indicating that the merger consideration to
be paid by the Company is fair to the shareholders of LLIT from a financial point of view and another fairness opinion indicating
that the consideration to be received by the Company in the disposition is fair to the shareholders of LLIT from a financial point
of view.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Completion of the Restructure and the Financing
is subject to a number of conditions, including, without limitation, approval by LLIT&rsquo;s shareholders, satisfaction of NASDAQ
initial listing requirements, certain third party consents, a registration statement on Form F-4 for the LLIT shares being issued
as merger consideration being declared effective by the Securities and Exchange Commission (the &ldquo;SEC&rdquo;) and the satisfaction
or waiver of other customary closing conditions. Once the Form F-4 has been declared effective by the SEC, the Company intends
to set a date for a special meeting for its shareholders to approve the proposals associated with the Restructure as well as other
related proposals described above, and deliver the final notice of shareholders meeting to its shareholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>About Lianluo Smart Limited</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Lianluo Smart Limited (Nasdaq: LLIT) is
a professional smart service and products provider, which designs, develops and markets its own branded medical products and medical
components in China.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>About Newegg Inc.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Newegg, headquartered in the City of Industry,
California, is a leading e-commerce company offering direct sales and an online marketplace platform for IT computer components,
consumer electronics, entertainment, smart home and gaming products and provides certain third-party logistics services globally.
For more information, please visit https://www.newegg.com/</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Advisors</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Bevilacqua PLLC is acting as legal counsel
to LLIT while Kaufman &amp; Canoles, P.C. is acting as legal counsel to the special committee of LLIT. Hunter Taubman Fischer &amp;
Li LLC is acting as legal counsel to Newegg while Gibson, Dunn &amp; Crutcher LLP served as legal counsel to the special committee
of Newegg.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Forward Looking Statements</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This press release includes &quot;forward-looking
statements&quot; within the meaning of U.S. federal securities laws. Words such as &quot;expect,&quot; &quot;estimate,&quot; &quot;project,&quot;
&quot;budget,&quot; &quot;forecast,&quot; &quot;anticipate,&quot; &quot;intend,&quot; &quot;plan,&quot; &quot;may,&quot; &quot;will,&quot;
&quot;could,&quot; &quot;should,&quot; &quot;believes,&quot; &quot;predicts,&quot; &quot;potential,&quot; &quot;continue&quot;
and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant
risks and uncertainties that could cause the actual results to differ materially from the expected results and, consequently, you
should not rely on these forward-looking statements as predictions of future events. These forward-looking statements and factors
that may cause such differences include, without limitation, LLIT's and Newegg' expectations with respect to future performance,
growth and anticipated acquisitions; the anticipated financial impact of the Restructure; ability to recognize the anticipated
benefits of the merger; costs related to the proposed Restructure; the satisfaction of the closing conditions to the Restructure;
the timing of the completion of the Restructure; demand for consumer electrics; impact of the COVID-19 pandemic; global economic
conditions; geopolitical events and regulatory changes; loss of key personnel; difficulty managing planned growth properly; access
to additional financing; changes in tax laws; changing interpretations of generally accepted accounting principles; inquiries and
investigations and related litigation; continued compliance with government regulations; and other risks and uncertainties indicated
from time to time in filings with the SEC. The foregoing list of factors is not exclusive. Additional information concerning these
and other risk factors is contained in LLIT's most recent filings with the SEC and will be contained in the Form F-4 and other
filings to be filed as result of the transactions described above. All subsequent written and oral forward-looking statements concerning
LLIT, Merger Sub or Newegg or the transactions described herein or other matters and attributable to LLIT, Merger Sub or Newegg,
or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements above. Readers are
cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Neither LLIT,
Merger Sub nor Newegg undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking
statement to reflect any change in their expectations or any change in events, conditions or circumstances on which any such statement
is based.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Participants in Solicitation</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Newegg, LLIT and their respective directors,
executive officers and other members of their management and employees may be deemed to be participants in the solicitation of
proxies of the Company&rsquo;s shareholders in connection with the potential transactions described herein under the rules of the
SEC. Investors and security holders may obtain more detailed information regarding the names, affiliations and interests of Newegg&rsquo;s
and LLIT&rsquo;s officers and directors in the registration statement on Form F-4 to be filed with the SEC and will also be contained
in the proxy statement/prospectus relating to the proposed transactions when it is filed with the SEC. These documents may be obtained
free of charge from the sources indicated below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Non-Solicitation</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This press release is not a notice of shareholders
meeting or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed transactions
and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of the Company or Newegg Inc., nor
shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be
unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities
shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Additional Information about the Transactions
and Where to Find It</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In connection with the proposed Restructure,
the Company will file a registration statement on Form F-4 with the SEC and will mail notices of shareholders meeting and other
relevant documents to its shareholders. Investors and security holders of the Company are advised to read, when available, the
From F-4, and amendments thereto, the notice to shareholders, and amendments thereto, in connection with the Company&rsquo;s solicitation
of proxies for its shareholder&rsquo; meeting to be held to approve the transactions described herein because the notice to shareholders
will contain important information about the transactions and the parties to the transactions. The notices to shareholders will
be mailed to the Company&rsquo;s shareholders as of a record date to be established for voting on the transactions. Shareholders
will also be able to obtain copies of the notice, without charge, once available, at the SEC&rsquo;s website at www.sec.gov or
by directing a request to: Room 611, 6th Floor, BeiKong Technology Building, No. 10 Baifuquan Road, Changping District, Beijing
102200, People&rsquo;s Republic of China.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A registration statement relating to these
securities will be filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy
be accepted, prior to the time the registration statement becomes effective. This news release shall not constitute an offer to
sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such
state or jurisdiction. A copy of LLIT&rsquo;s registration statement on Form F-4, once available, can be viewed on the SEC's website.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>For more information, please contact:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Lianluo Smart Limited</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Zhang Qian</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Tel: 86+18910951727</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Email:&nbsp;zhangqian@lianluo.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Newegg Inc.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Kris Vaz</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">VP of FP&amp;A</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Newegg Inc. and Subsidiaries</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">E-mail: Kris.M.Vaz@newegg.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">4</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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