<SEC-DOCUMENT>0001104659-21-059530.txt : 20210503
<SEC-HEADER>0001104659-21-059530.hdr.sgml : 20210503
<ACCEPTANCE-DATETIME>20210503064654
ACCESSION NUMBER:		0001104659-21-059530
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20210503
FILED AS OF DATE:		20210503
DATE AS OF CHANGE:		20210503

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Tarena International, Inc.
		CENTRAL INDEX KEY:			0001592560
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-EDUCATIONAL SERVICES [8200]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36363
		FILM NUMBER:		21881259

	BUSINESS ADDRESS:	
		STREET 1:		6/F, NO. 1 ANDINGMENWAI STREET
		STREET 2:		LITCHI TOWER, CHAOYANG DISTRICT
		CITY:			BEIJING
		STATE:			F4
		ZIP:			100011
		BUSINESS PHONE:		86 10 6213-5687

	MAIL ADDRESS:	
		STREET 1:		6/F, NO. 1 ANDINGMENWAI STREET
		STREET 2:		LITCHI TOWER, CHAOYANG DISTRICT
		CITY:			BEIJING
		STATE:			F4
		ZIP:			100011
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>tm2114877d1_6k.htm
<DESCRIPTION>FORM 6-K
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<P STYLE="margin-top: 0; margin-bottom: 0; margin-left: 0.5in; text-indent: 0in; text-align: justify">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; margin-left: 0.5in; text-indent: 0in; text-align: justify"></P>

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<P STYLE="margin-top: 0; margin-bottom: 0; margin-left: 0.5in; text-indent: 0in; text-align: justify">&nbsp;&nbsp;</P>

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    <P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>
    <P STYLE="font: 18pt 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 D.C. 20549</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P></TD></TR>
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    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
                                                                                    <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 18pt"><B>FORM
6-K</B></FONT></P>
                                                                                    <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P></TD></TR>
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    <TD>
    <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 THE</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES EXCHANGE ACT OF 1934</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P></TD></TR>
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    <TD STYLE="border-bottom: Black 1pt solid">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>For the month of May 2021</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>Commission File Number: 001-36363</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P></TD></TR>
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    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 24pt"></FONT></P>
                                                                                <P STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 24pt">&nbsp;<B>TARENA INTERNATIONAL, INC.</B></FONT></P>
                                                                                <P STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <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>6/F, No. 1 Andingmenwai Street, </B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Litchi Tower, Chaoyang District, </B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Beijing 100011, People&#8217;s Republic of China
    </B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Tel: +86 10 6213-5687 </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>1/F, Block A, Training Building, </B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>65 Kejiyuan Road, Baiyang Jie Dao, </B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Economic Development District, </B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Hangzhou 310000, People&#8217;s Republic of
    China </B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid">
    <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"><B>&nbsp;</B></P></TD></TR>
  </TABLE>
<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">Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.</P>

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

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    <TD STYLE="width: 23%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 10%; font-size: 10pt"><FONT STYLE="font-size: 10pt">Form 20-F</FONT></TD>
    <TD STYLE="width: 21%; font-size: 10pt"><FONT STYLE="font-family: Wingdings; font-size: 10pt">x</FONT></TD>
    <TD STYLE="width: 10%; font-size: 10pt"><FONT STYLE="font-size: 10pt">Form 40-F</FONT></TD>
    <TD STYLE="width: 36%; font-size: 10pt"><FONT STYLE="font-family: Wingdings; font-size: 10pt">o</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">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):&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</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">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):&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</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"></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: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SIGNATURE</P>

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

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

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  <TD STYLE="padding-left: 10pt; text-indent: -10pt">&nbsp;</TD>
  <TD COLSPAN="2" STYLE="padding-left: 10pt; text-indent: -10pt"><B>TARENA INTERNATIONAL, INC.</B></TD></TR>

<TR STYLE="vertical-align: top">
  <TD STYLE="padding-left: 10pt; text-indent: -10pt">&nbsp;</TD>
  <TD COLSPAN="2" STYLE="padding-left: 10pt; text-indent: -10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 4%; font-size: 10pt"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="width: 46%; border-bottom: black 1pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt">/s/ Wing Kee Lau</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">Wing Kee Lau</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">Chief Financial Officer</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">Date: May 3, 2021</FONT></TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2.5in"><B></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2.5in"><B>&nbsp;</B></P>

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

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

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    <TD STYLE="width: 100%; font-size: 10pt"><A HREF="tm2114877d1_ex99-1.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-size: 10pt">Exhibit 99.1 &#8211; Press Release</FONT></A></TD>
    </TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt"><A HREF="tm2114877d1_ex99-2.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-size: 10pt">Exhibit 99.2 &#8211; Agreement and Plan of Merger among Kidedu Holdings Limited, Kidarena Merger Sub and Tarena International, Inc. dated as of April 30, 2021</FONT></A></TD>
    </TR>
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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"></P>

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<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>tm2114877d1_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0"><B>Exhibit 99.1</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Tarena Enters into Definitive Agreement for
 &ldquo;Going Private&rdquo; Transaction</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">BEIJING, April 30, 2021 /PRNewswire/ -- Tarena
International, Inc. (Nasdaq: TEDU) (&ldquo;Tarena&rdquo; or the &ldquo;Company&rdquo;), a leading provider of professional education and
K-12 education services in China, today announced that it has entered into an Agreement and Plan of Merger (the &ldquo;Merger Agreement&rdquo;)
with Kidedu Holdings Limited&nbsp;(&ldquo;Parent&rdquo;) and Kidarena Merger Sub, a wholly owned subsidiary of Parent (&ldquo;Merger Sub&rdquo;).
Pursuant to the Merger Agreement, Merger Sub will merge with and into the Company, with the Company continuing as the surviving company
and becoming a wholly owned subsidiary of Parent (the &ldquo;Merger&rdquo;), in a transaction implying an equity value of the Company
of approximately US$230.6 million.</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">Pursuant to the Merger Agreement, at the effective
time of the Merger, each American depository share of the Company (each, an &ldquo;ADS&rdquo;), representing one Class A ordinary share
of the Company (together with the Class B ordinary shares of the Company, the &ldquo;Shares&rdquo;), issued and outstanding immediately
prior to the effective time of the Merger, together with the Shares represented by such ADSs, will be cancelled in exchange for the right
to receive US$4.00 in cash per ADS without interest, and each Share issued and outstanding immediately prior to the effective time of
the Merger, other than the Excluded Shares (as defined in the Merger Agreement), the Dissenting Shares (as defined in the Merger Agreement)
and Shares represented by ADSs, will be cancelled and cease to exist, in exchange for the right to receive US$4.00 in cash per Share without
interest.</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 merger consideration represents a premium
of approximately 27.4% to the closing price of the ADSs on December 7, 2020, the last trading day prior to the Company&rsquo;s announcement
of its receipt of the preliminary non-binding &ldquo;going-private&rdquo; proposal from Mr. Shaoyun Han, and premiums of approximately
84.4% and 98.1% to the volume-weighted average trading price of the ADSs during the 60 trading days and 90 trading days, respectively,
prior to and including December 7, 2020.</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 merger consideration will be funded through
cash contribution by Ascendent Capital Partners III, L.P. or its affiliates (the &ldquo;Sponsor,&rdquo; together with Mr. Shaoyun Han,
the &ldquo;Buyer Group&rdquo;). Parent has entered into an equity commitment letter, pursuant to which the Sponsor has agreed, subject
to the terms and conditions thereof, to provide the financing amounts for the purpose of financing the merger consideration. Mr. Shaoyun
Han and his affiliates, Talent Fortune Investment Limited (an affiliate of KKR, &ldquo;KKR&rdquo;), New Oriental Education &amp; Technology
Group Inc. (&ldquo;New Oriental&rdquo;), and Banyan Enterprises Limited and Banyan Enterprises A Limited (affiliates of Gaorong Capital,
 &ldquo;Gaorong,&rdquo; together with Mr. Shaoyun Han and his affiliates, KKR and New Oriental, the &ldquo;Rollover Shareholders&rdquo;)
have agreed to roll over all Shares they beneficially own in the Company in connection with 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">The Company&rsquo;s board of directors,&nbsp;acting
upon the unanimous recommendation of a committee of independent directors established by the board of directors (the &ldquo;Special Committee&rdquo;),
approved the Merger Agreement and the Merger, and resolved to recommend that the Company&rsquo;s shareholders vote to authorize and approve
the Merger Agreement and the Merger. The Special Committee negotiated the terms of the Merger Agreement with the assistance of its financial
and legal advisors.</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 Merger is currently expected to close during
the third quarter of 2021 and is subject to customary closing conditions, including the approval of the Merger Agreement by the affirmative&nbsp;vote
of shareholders representing at least two-thirds of the voting power of the outstanding Shares present and voting in person or by proxy
at a meeting of the Company&rsquo;s shareholders. The Rollover Shareholders have agreed to vote all Shares they beneficially own, which
represent approximately 74.8% of the voting rights attached to the outstanding Shares as of April 30, 2021, in favor of the authorization
and approval of the Merger Agreement and the Merger. If completed, the Merger will result in the Company becoming a privately held company
and its ADSs will no longer be listed on the NASDAQ Global Select Market.</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">Duff &amp; Phelps, LLC is serving as the financial
advisor to the Special Committee. Gibson, Dunn &amp; Crutcher LLP is serving as U.S. legal counsel to the Special Committee. Walkers (Hong
Kong) is serving as Cayman Islands legal counsel to the Special Committee.</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">Skadden, Arps, Slate, Meagher&nbsp;&amp; Flom
LLP is serving as U.S. legal counsel to the Buyer Group. Morrison &amp; Foerster LLP is serving as U.S. legal counsel to the Sponsor.
Paul, Weiss, Rifkind, Wharton &amp; Garrison LLP is serving as U.S. legal counsel to KKR. Allen &amp; Overy LLP is serving as U.S. legal
counsel to New Oriental. Cooley LLP is serving as U.S. legal counsel to Gaorong. Conyers Dill &amp; Pearman is serving as Cayman Islands
legal counsel to the Buyer Group. Appleby is serving as the Cayman Islands legal counsel to the Sponsor. Han Kun Law Offices is serving
as the PRC legal counsel to the Buyer Group. Zhong Lun Law Firm is serving as the PRC legal counsel to the Sponsor.</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 Merger</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">The Company will furnish to the U.S. Securities
and Exchange Commission (the &ldquo;SEC&rdquo;) a current report on Form&nbsp;6-K regarding the Merger, which will include as an exhibit
thereto the Merger Agreement. All parties desiring details regarding the Merger are urged to review these documents, which will be available
at the SEC&rsquo;s website (http://www.sec.gov).</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">In connection with the Merger, the Company will
prepare and mail a Schedule 13E-3 Transaction Statement (the &ldquo;Schedule 13E-3&rdquo;) to its shareholders. The Schedule 13E-3 will
be filed with the SEC. INVESTORS AND SHAREHOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THE SCHEDULE 13E-3 AND OTHER MATERIALS
FILED WITH OR FURNISHED TO THE SEC WHEN THEY BECOME AVAILABLE, AS THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY, THE MERGER,
AND RELATED MATTERS. In addition to receiving the Schedule 13E-3 by mail, shareholders also will be able to obtain these documents, as
well as other filings containing information about the Company, the Merger, and related matters, without charge from the SEC&rsquo;s website
(http://www.sec.gov).</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 Tarena International, Inc.</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">Tarena is a leading provider of adult professional
education and K-12 education services in China. Through its innovative education platform combining live distance instruction, classroom-based
tutoring and online learning modules, Tarena offers adult professional education courses in IT and non-IT subjects. Its adult professional
education courses provide students with practical skills to prepare them for jobs in industries with significant growth potential and
strong hiring demand. Tarena also offers K-12 education programs, including computer coding and robotics programming courses, etc., targeting
students aged between three and eighteen.</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>Safe Harbor Statement</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">This press release contains forward-looking
statements made under the &ldquo;safe harbor&rdquo; provisions of Section 21E of the Securities Exchange Act of 1934, as amended,
and the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology
such as &ldquo;will,&rdquo; &ldquo;expects,&rdquo; &ldquo;anticipates,&rdquo; &ldquo;future,&rdquo; &ldquo;intends,&rdquo;
 &ldquo;plans,&rdquo; &ldquo;believes,&rdquo; &ldquo;estimates,&rdquo; &ldquo;confident&rdquo; and similar statements. Tarena may
also make written or oral forward-looking statements in its reports filed with or furnished to the U.S. Securities and Exchange
Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its
officers, directors or employees to fourth parties. Any statements that are not historical facts, including any business outlook and
statements about Tarena&rsquo;s beliefs and expectations, are forward-looking statements. Many factors, risks and uncertainties
could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but
not limited to the following: Tarena&rsquo;s goals and strategies; its future business development, financial condition and results
of operations; its ability to continue to attract students to enroll in its courses; its ability to continue to recruit, train and
retain qualified instructors and teaching assistants; its ability to continually tailor its curriculum to market demand and enhance
its courses to adequately and promptly respond to developments in the professional job market; its ability to maintain or enhance
its brand recognition, its ability to maintain high job placement rate for its students, and its ability to maintain cooperative
relationships with financing service providers for student loans. Further information regarding these and other risks, uncertainties
or factors is included in Tarena&rsquo;s filings with the U.S. Securities and Exchange Commission. All information provided in this
press release is current as of the date of the press release, and Tarena does not undertake any obligation to update such
information, except as required 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"></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>For further information, please contact:</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">Amanda Wang</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Email:&nbsp;<U>ir@tedu.cn</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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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>tm2114877d1_ex99-2.htm
<DESCRIPTION>EXHIBIT 99.2
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; color: #365F91; margin: 0pt 0; text-transform: uppercase; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: right; font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit
99.2</B></FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #365F91; text-transform: uppercase; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: normal 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-transform: uppercase; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">PRIVILEGED
AND CONFIDENTIAL</FONT></P>

<P STYLE="font: normal 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-transform: uppercase; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">EXECUTION
VERSION</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #365F91; text-transform: uppercase; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">AGREEMENT AND PLAN OF MERGER<BR>
<BR>
among<BR>
<BR>
KIDEDU HOLDINGS LIMITED,<BR>
<BR>
KIDARENA MERGER SUB</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">and<BR>
<BR>
TARENA INTERNATIONAL, INC.</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">Dated as of April 30, 2021</P>

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

<P STYLE="border-bottom: Black 1pt solid; 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>

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

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

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

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



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%">
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD COLSPAN="2" STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center"><U>Page</U></TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD COLSPAN="2" STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD COLSPAN="2" STYLE="text-align: left">Article&nbsp;I THE MERGER</TD>
    <TD STYLE="text-align: right">2</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD COLSPAN="2" STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; width: 6%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 84%">Section&nbsp;1.01&nbsp;&nbsp;&nbsp;The Merger</TD>
    <TD STYLE="text-align: right; width: 10%">2</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;1.02&nbsp;&nbsp;&nbsp;Closing; Closing Date</TD>
    <TD STYLE="text-align: right">2</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;1.03&nbsp;&nbsp;&nbsp;Effective Time</TD>
    <TD STYLE="text-align: right">2</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;1.04&nbsp;&nbsp;&nbsp;Effects of the Merger</TD>
    <TD STYLE="text-align: right">3</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;1.05&nbsp;&nbsp;&nbsp;Governing Documents</TD>
    <TD STYLE="text-align: right">3</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;1.06&nbsp;&nbsp;&nbsp;Directors and Officers</TD>
    <TD STYLE="text-align: right">3</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;1.07&nbsp;&nbsp;&nbsp;Secured Creditors</TD>
    <TD STYLE="text-align: right">3</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD COLSPAN="2" STYLE="text-align: left">Article&nbsp;II TREATMENT OF SECURITIES; MERGER CONSIDERATION</TD>
    <TD STYLE="text-align: right">4</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD COLSPAN="2" STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;2.01&nbsp;&nbsp;&nbsp;Cancellation and Conversion of Securities</TD>
    <TD STYLE="text-align: right">4</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;2.02&nbsp;&nbsp;&nbsp;Company Share Plans</TD>
    <TD STYLE="text-align: right">4</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;2.03&nbsp;&nbsp;&nbsp;Dissenting Shares</TD>
    <TD STYLE="text-align: right">6</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;2.04&nbsp;&nbsp;&nbsp;Exchange of Share Certificates, etc.</TD>
    <TD STYLE="text-align: right">7</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;2.05&nbsp;&nbsp;&nbsp;No Transfers</TD>
    <TD STYLE="text-align: right">10</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;2.06&nbsp;&nbsp;&nbsp;Termination of Deposit Agreement.</TD>
    <TD STYLE="text-align: right">10</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD COLSPAN="2" STYLE="text-align: left">Article&nbsp;III REPRESENTATIONS AND WARRANTIES OF THE COMPANY</TD>
    <TD STYLE="text-align: right">10</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD COLSPAN="2" STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;3.01&nbsp;&nbsp;&nbsp;Organization and Qualification</TD>
    <TD STYLE="text-align: right">10</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;3.02&nbsp;&nbsp;&nbsp;Constitutional Documents</TD>
    <TD STYLE="text-align: right">11</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;3.03&nbsp;&nbsp;&nbsp;Capitalization</TD>
    <TD STYLE="text-align: right">11</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;3.04&nbsp;&nbsp;&nbsp;Authorization</TD>
    <TD STYLE="text-align: right">12</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;3.05&nbsp;&nbsp;&nbsp;No Conflict; Required Filings and Consents</TD>
    <TD STYLE="text-align: right">13</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;3.06&nbsp;&nbsp;&nbsp;Permits; Compliance with Laws</TD>
    <TD STYLE="text-align: right">13</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;3.07&nbsp;&nbsp;&nbsp;SEC Filings; Financial Statements</TD>
    <TD STYLE="text-align: right">14</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;3.08&nbsp;&nbsp;&nbsp;Proxy Statement</TD>
    <TD STYLE="text-align: right">15</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;3.09&nbsp;&nbsp;&nbsp;Absence of Certain Changes</TD>
    <TD STYLE="text-align: right">15</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;3.10&nbsp;&nbsp;&nbsp;Absence of Litigation</TD>
    <TD STYLE="text-align: right">16</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;3.11&nbsp;&nbsp;&nbsp;Employee Benefit Plans</TD>
    <TD STYLE="text-align: right">16</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;3.12&nbsp;&nbsp;&nbsp;Labor and Employment Matters</TD>
    <TD STYLE="text-align: right">16</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;3.13&nbsp;&nbsp;&nbsp;Real Property; Title to Assets</TD>
    <TD STYLE="text-align: right">16</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;3.14&nbsp;&nbsp;&nbsp;Intellectual Property</TD>
    <TD STYLE="text-align: right">17</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;3.15&nbsp;&nbsp;&nbsp;Privacy and Data Security</TD>
    <TD STYLE="text-align: right">18</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;3.16&nbsp;&nbsp;&nbsp;Taxes</TD>
    <TD STYLE="text-align: right">18</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;3.17&nbsp;&nbsp;&nbsp;Material Contracts</TD>
    <TD STYLE="text-align: right">18</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;3.18&nbsp;&nbsp;&nbsp;Anti-Takeover Provisions.</TD>
    <TD STYLE="text-align: right">19</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;3.19&nbsp;&nbsp;&nbsp;Interested Party Transactions</TD>
    <TD STYLE="text-align: right">19</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;3.20&nbsp;&nbsp;&nbsp;Brokers</TD>
    <TD STYLE="text-align: right">20</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;3.21&nbsp;&nbsp;&nbsp;Control Documents</TD>
    <TD STYLE="text-align: right">20</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;3.22&nbsp;&nbsp;&nbsp;No Other Representations or Warranties</TD>
    <TD STYLE="text-align: right">20</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

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<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%">
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD COLSPAN="2" STYLE="text-align: left">Article&nbsp;IV REPRESENTATIONS AND WARRANTIES OF PARENT AND MERGER SUB</TD>
    <TD STYLE="text-align: right">21</TD></TR>

<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD COLSPAN="2" STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; width: 6%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 84%">Section&nbsp;4.01&nbsp;&nbsp;&nbsp;Corporate Organization</TD>
    <TD STYLE="text-align: right; width: 10%">21</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;4.02&nbsp;&nbsp;&nbsp;Authorization</TD>
    <TD STYLE="text-align: right">21</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;4.03&nbsp;&nbsp;&nbsp;No Conflict; Required Filings and Consents</TD>
    <TD STYLE="text-align: right">22</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;4.04&nbsp;&nbsp;&nbsp;Capitalization</TD>
    <TD STYLE="text-align: right">22</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;4.05&nbsp;&nbsp;&nbsp;Available Funds and Financing.</TD>
    <TD STYLE="text-align: right">22</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;4.06&nbsp;&nbsp;&nbsp;Proxy Statement.</TD>
    <TD STYLE="text-align: right">23</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;4.07&nbsp;&nbsp;&nbsp;Solvency.</TD>
    <TD STYLE="text-align: right">24</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;4.08&nbsp;&nbsp;&nbsp;Absence of Litigation.</TD>
    <TD STYLE="text-align: right">24</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;4.09&nbsp;&nbsp;&nbsp;Ownership of Company Shares.</TD>
    <TD STYLE="text-align: right">24</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;4.10&nbsp;&nbsp;&nbsp;Independent Investigation.</TD>
    <TD STYLE="text-align: right">24</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;4.11&nbsp;&nbsp;&nbsp;Buyer Group Contracts.</TD>
    <TD STYLE="text-align: right">25</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;4.12&nbsp;&nbsp;&nbsp;Non-Reliance on Company Estimates.</TD>
    <TD STYLE="text-align: right">25</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;4.13&nbsp;&nbsp;&nbsp;Brokers.</TD>
    <TD STYLE="text-align: right">25</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;4.14&nbsp;&nbsp;&nbsp;Limited Guarantees.</TD>
    <TD STYLE="text-align: right">25</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;4.15&nbsp;&nbsp;&nbsp;No Additional Representations.</TD>
    <TD STYLE="text-align: right">26</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD COLSPAN="2" STYLE="text-align: left">Article&nbsp;V CONDUCT OF BUSINESS PENDING THE MERGER</TD>
    <TD STYLE="text-align: right">26</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD COLSPAN="2" STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;5.01&nbsp;&nbsp;&nbsp;Conduct of Business by the Company Pending the Merger</TD>
    <TD STYLE="text-align: right">26</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;5.02&nbsp;&nbsp;&nbsp;Compliance</TD>
    <TD STYLE="text-align: right">29</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;5.03&nbsp;&nbsp;&nbsp;No Control of Other Party&rsquo;s Business</TD>
    <TD STYLE="text-align: right">29</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD COLSPAN="2" STYLE="text-align: left">Article&nbsp;VI ADDITIONAL AGREEMENTS</TD>
    <TD STYLE="text-align: right">29</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD COLSPAN="2" STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;6.01&nbsp;&nbsp;&nbsp;Proxy Statement and Schedule 13E-3</TD>
    <TD STYLE="text-align: right">29</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;6.02&nbsp;&nbsp;&nbsp;Company Shareholders Meeting</TD>
    <TD STYLE="text-align: right">31</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;6.03&nbsp;&nbsp;&nbsp;Access to Information</TD>
    <TD STYLE="text-align: right">32</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;6.04&nbsp;&nbsp;&nbsp;No Solicitation of Transactions</TD>
    <TD STYLE="text-align: right">33</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;6.05&nbsp;&nbsp;&nbsp;Directors&rsquo; and Officers&rsquo; Indemnification and Insurance</TD>
    <TD STYLE="text-align: right">36</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;6.06&nbsp;&nbsp;&nbsp;Notification of Certain Matters</TD>
    <TD STYLE="text-align: right">38</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;6.07&nbsp;&nbsp;&nbsp;Financing</TD>
    <TD STYLE="text-align: right">39</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;6.08&nbsp;&nbsp;&nbsp;Further Action; Reasonable Best Efforts</TD>
    <TD STYLE="text-align: right">41</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;6.09&nbsp;&nbsp;&nbsp;Obligations of Merger Sub</TD>
    <TD STYLE="text-align: right">42</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;6.10&nbsp;&nbsp;&nbsp;Participation in Litigation</TD>
    <TD STYLE="text-align: right">42</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;6.11&nbsp;&nbsp;&nbsp;Resignations</TD>
    <TD STYLE="text-align: right">42</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;6.12&nbsp;&nbsp;&nbsp;Public Announcements</TD>
    <TD STYLE="text-align: right">43</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;6.13&nbsp;&nbsp;&nbsp;Stock Exchange Delisting</TD>
    <TD STYLE="text-align: right">43</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;6.14&nbsp;&nbsp;&nbsp;Takeover Statutes</TD>
    <TD STYLE="text-align: right">43</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;6.15&nbsp;&nbsp;&nbsp;Actions Taken at Direction of Parent or Merger Sub</TD>
    <TD STYLE="text-align: right">43</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;6.16&nbsp;&nbsp;&nbsp;No Amendment to Transaction Documents</TD>
    <TD STYLE="text-align: right">43</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;6.17&nbsp;&nbsp;&nbsp;SAFE Registration</TD>
    <TD STYLE="text-align: right">44</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD COLSPAN="2" STYLE="text-align: left">Article&nbsp;VII CONDITIONS TO THE MERGER</TD>
    <TD STYLE="text-align: right">44</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD COLSPAN="2" STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;7.01&nbsp;&nbsp;&nbsp;Conditions to the Obligations of Each Party</TD>
    <TD STYLE="text-align: right">44</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;7.02&nbsp;&nbsp;&nbsp;Additional Conditions to the Obligations of Parent and Merger Sub</TD>
    <TD STYLE="text-align: right">44</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;7.03&nbsp;&nbsp;&nbsp;Additional Conditions to the Obligations of the Company</TD>
    <TD STYLE="text-align: right">45</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;7.04&nbsp;&nbsp;&nbsp;Frustration of Closing Conditions</TD>
    <TD STYLE="text-align: right">46</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD COLSPAN="2" STYLE="text-align: left">Article&nbsp;VIII TERMINATION</TD>
    <TD STYLE="text-align: right">46</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD COLSPAN="2" STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;8.01&nbsp;&nbsp;&nbsp;Termination by Mutual Consent</TD>
    <TD STYLE="text-align: right">46</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;8.02&nbsp;&nbsp;&nbsp;Termination by Either the Company or Parent</TD>
    <TD STYLE="text-align: right">46</TD></TR>

<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;8.03&nbsp;&nbsp;&nbsp;Termination by the Company</TD>
    <TD STYLE="text-align: right">46</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;8.04&nbsp;&nbsp;&nbsp;Termination by Parent</TD>
    <TD STYLE="text-align: right">47</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;8.05&nbsp;&nbsp;&nbsp;Effect of Termination</TD>
    <TD STYLE="text-align: right">47</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;8.06&nbsp;&nbsp;&nbsp;Termination Fee</TD>
    <TD STYLE="text-align: right">48</TD></TR>
</TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%">
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD COLSPAN="2" STYLE="text-align: left">Article&nbsp;IX GENERAL PROVISIONS</TD>
    <TD STYLE="text-align: right">51</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD COLSPAN="2" STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; width: 6%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 84%">Section&nbsp;9.01&nbsp;&nbsp;&nbsp;Survival</TD>
    <TD STYLE="text-align: right; width: 10%">51</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;9.02&nbsp;&nbsp;&nbsp;Notices</TD>
    <TD STYLE="text-align: right">51</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;9.03&nbsp;&nbsp;&nbsp;Certain Definitions</TD>
    <TD STYLE="text-align: right">52</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;9.04&nbsp;&nbsp;&nbsp;Severability</TD>
    <TD STYLE="text-align: right">62</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;9.05&nbsp;&nbsp;&nbsp;Interpretation</TD>
    <TD STYLE="text-align: right">62</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;9.06&nbsp;&nbsp;&nbsp;Entire Agreement; Assignment</TD>
    <TD STYLE="text-align: right">63</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;9.07&nbsp;&nbsp;&nbsp;Parties in Interest</TD>
    <TD STYLE="text-align: right">63</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;9.08&nbsp;&nbsp;&nbsp;Specific Performance</TD>
    <TD STYLE="text-align: right">63</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;9.09&nbsp;&nbsp;&nbsp;Governing Law; Dispute Resolution</TD>
    <TD STYLE="text-align: right">64</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;9.10&nbsp;&nbsp;&nbsp;Amendment</TD>
    <TD STYLE="text-align: right">65</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;9.11&nbsp;&nbsp;&nbsp;Waiver</TD>
    <TD STYLE="text-align: right">65</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left"></TD>
    <TD STYLE="text-align: left">Section&nbsp;9.12&nbsp;&nbsp;&nbsp;Confidentiality</TD>
    <TD STYLE="text-align: right">65</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;9.13&nbsp;&nbsp;&nbsp;Special Committee Approval</TD>
    <TD STYLE="text-align: right">66</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Section&nbsp;9.14&nbsp;&nbsp;&nbsp;Counterparts</TD>
    <TD STYLE="text-align: right">66</TD></TR>
</TABLE>
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;&nbsp;</P>

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

<P STYLE="font: bold 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">This AGREEMENT AND PLAN OF
MERGER (this &ldquo;<FONT STYLE="font-weight: normal"><U>Agreement</U></FONT>&rdquo;), dated as of April 30, 2021, is entered into by
and among Kidedu Holdings Limited, an exempted company with limited liability incorporated under the laws of the Cayman Islands (&ldquo;<FONT STYLE="font-weight: normal"><U>Parent</U></FONT>&rdquo;),
Kidarena Merger Sub, an exempted company with limited liability incorporated under the laws of the Cayman Islands and a wholly owned Subsidiary
of Parent (&ldquo;<FONT STYLE="font-weight: normal"><U>Merger Sub</U></FONT>&rdquo;), and Tarena International, Inc., an exempted company
with limited liability incorporated under the laws of the Cayman Islands (the &ldquo;<FONT STYLE="font-weight: normal"><U>Company</U></FONT>&rdquo;).
Unless otherwise indicated or elsewhere defined herein, capitalized terms used herein shall have the meanings ascribed to them in <U>Section
 &#8206;9.03</U> 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: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">RECITALS</P>

<P STYLE="font: bold 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">WHEREAS, on the terms and
subject to the conditions of this Agreement and in accordance with Part XVI of the Companies Act (2021 Revision) of the Cayman Islands
(the &ldquo;<FONT STYLE="font-weight: normal"><U>CICA</U></FONT>&rdquo;), Parent and the Company intend to enter into a transaction pursuant
to which Merger Sub will merge with and into the Company (the &ldquo;<FONT STYLE="font-weight: normal"><U>Merger</U></FONT>&rdquo;), with
the Company surviving the Merger as the surviving company (as defined in the CICA) (the &ldquo;<FONT STYLE="font-weight: normal"><U>Surviving
Company</U></FONT>&rdquo;) and becoming a wholly owned Subsidiary of Parent as a result of the Merger;</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 board of directors
of the Company (the &ldquo;<FONT STYLE="font-weight: normal"><U>Company Board</U></FONT>&rdquo;), acting upon the unanimous recommendation
of the Special Committee, has (i) determined that it is fair to, and in the best interests of, the Company and its shareholders (other
than the holders of Excluded Shares), and declared it advisable, for the Company to enter into this Agreement and the Plan of Merger,
(ii) authorized and approved the execution, delivery and performance of this Agreement and the Plan of Merger and the consummation of
the transactions contemplated by this Agreement and the Plan of Merger, including the Merger (collectively, the &ldquo;<FONT STYLE="font-weight: normal"><U>Transactions</U></FONT>&rdquo;)
upon the terms and subject to the conditions set forth herein, and (iii) resolved to recommend the authorization and approval of this
Agreement, the Plan of Merger and the consummation of the Transactions by the holders of Shares 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">WHEREAS, (i) the respective
board of directors of each of Parent and Merger Sub has each (A) authorized and approved the execution, delivery and performance by Parent
and Merger Sub, respectively, of this Agreement, the Plan of Merger and the consummation of the Transactions, and (B) declared it advisable
for Parent and Merger Sub, respectively, to enter into this Agreement and the Plan of Merger and consummate the Transactions upon the
terms and subject to the conditions set forth herein and (ii) Parent, as the sole shareholder of Merger Sub, has approved the execution,
delivery and performance by Merger Sub of this Agreement, the Plan of Merger and the consummation of the Transactions 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;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, as a condition to
and inducement of the Company&rsquo;s willingness to enter into this Agreement, concurrently with the execution and delivery of this
Agreement, (i) each of the Sponsor and the Chairman (each, a &ldquo;<FONT STYLE="font-weight: normal"><U>Guarantor</U>,</FONT>&rdquo;
and collectively,&#8239;the &ldquo;<U>Guarantors</U>&rdquo;) has executed and delivered to the Company a limited guarantee in favor of the Company,
dated as of the date hereof (as may be amended from time to time, each, a &ldquo;<FONT STYLE="font-weight: normal"><U>Limited Guarantee</U>,</FONT>&rdquo;
and collectively, the &ldquo;<U>Limited Guarantees</U>&rdquo;), to guarantee the due and punctual performance and discharge of certain
payment obligations of Parent and Merger Sub under this Agreement; and (ii) each of the Chairman, the Chairman Entities, Talent Fortune
Investment Limited, New Oriental Education &amp; Technology Group Inc., and Banyan Enterprises A Limited and Banyan Enterprises Limited
(collectively, the &ldquo;<FONT STYLE="font-weight: normal"><U>Rollover Shareholders</U></FONT>&rdquo;) and Parent have entered into
a rollover and support agreement, dated as of the date hereof (each, a &ldquo;<FONT STYLE="font-weight: normal"><U>Support Agreement</U>,</FONT>&rdquo;
and collectively, the &ldquo;<U>Support Agreements</U>&rdquo;), providing that, among other things and subject to the terms and conditions
set forth therein, each of the Rollover Shareholders has agreed to (A) vote all Rollover Shares beneficially owned by him or it in favor
of the authorization and approval of this Agreement, the Plan of Merger and the consummation of the Transactions, and to take certain
other actions in furtherance of the Transactions, and (B) upon the terms and subject to the conditions of the applicable Support Agreement,
cancel the Rollover Shares beneficially owned by him or it and receive no cash consideration for cancellation of the Rollover Shares
in accordance with 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: 0.5in">NOW, THEREFORE, in consideration
of the foregoing and the representations, warranties, covenants and agreements contained herein and for other good and valuable consideration,
the receipt and adequacy of which are hereby acknowledged, Parent, Merger Sub and the Company 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: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">Article&nbsp;I<U><BR>
<BR>
THE MERGER</U></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10%"></TD><TD STYLE="width: 10%">Section&nbsp;1.01</TD><TD STYLE="width: 80%"><U>The Merger</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On the terms and subject to
the satisfaction or waiver of the conditions set forth in this Agreement, and in accordance with the CICA, at the Effective Time, Merger
Sub shall be merged with and into the Company. As a result of the Merger, Merger Sub shall cease to exist and will be struck off the Register
of Companies in the Cayman Islands and the Company shall continue as the Surviving Company and become a wholly owned Subsidiary of Parent.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10%"></TD><TD STYLE="width: 10%">Section&nbsp;1.02</TD><TD STYLE="width: 80%"><U>Closing; Closing Date</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Unless otherwise agreed in
writing between the Company and Parent, the closing for the Merger (the &ldquo;<FONT STYLE="font-weight: normal"><U>Closing</U></FONT>&rdquo;)
shall take place at 10:00 a.m. (Hong Kong time) electronically as soon as practicable, but in any event no later than the fifth (5th)
Business Day following the day on which the last of the conditions set forth in <U>Article &#8206;VII</U> (other than those conditions
that by their nature are to be satisfied at the Closing, but subject to the satisfaction or, if permissible, waiver of those conditions)
is satisfied or, if permissible, waived in accordance with this Agreement. The date on which the Closing occurs is referred to as the
 &ldquo;<FONT STYLE="font-weight: normal"><U>Closing Date</U>.</FONT>&rdquo;</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10%"></TD><TD STYLE="width: 10%">Section&nbsp;1.03</TD><TD STYLE="width: 80%"><U>Effective Time</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Upon the terms and subject
to the conditions set forth in this Agreement, on the Closing Date, the Company, Parent and Merger Sub shall (a) cause the plan of merger
with respect to the&#8239;Merger (the &ldquo;<FONT STYLE="font-weight: normal"><U>Plan of Merger</U></FONT>&rdquo;) substantially in the form
set out in <U>Annex&nbsp;A</U> attached hereto, to be duly executed and filed with the Registrar of Companies of the Cayman Islands as
provided by Section 233 of the CICA, and (b) make any other filings, recordings or publications as required to be made by the Company
or Merger Sub under the CICA in connection with the Merger. The Merger shall become effective on the date as may be agreed by Parent
and the Company and specified in the Plan of Merger (which shall not be earlier than the date the Plan of Merger is filed with the Registrar
of Companies of the Cayman Islands) in accordance with the CICA (such date and time, the &ldquo;<FONT STYLE="font-weight: normal"><U>Effective
Time</U></FONT>&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"></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10%"></TD><TD STYLE="width: 10%">Section&nbsp;1.04</TD><TD STYLE="width: 80%"><U>Effects of the Merger</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">At the Effective Time, the
Merger shall have the effects specified in this Agreement, the Plan of Merger and the relevant provisions of the CICA. Without limiting
the generality of the foregoing, and subject thereto, at the Effective Time, the Surviving Company shall succeed to and assume all the
rights, property of every description, including choses in action, and the business, undertaking, goodwill, benefits, immunities and privileges,
mortgages, charges or security interests and all Contracts, obligations, claims, debts and liabilities of the Company and Merger Sub in
accordance with the CICA.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10%"></TD><TD STYLE="width: 10%">Section&nbsp;1.05</TD><TD STYLE="width: 80%"><U>Governing Documents</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">At the Effective Time, in
accordance with the Plan of Merger, the memorandum and articles of association in the form annexed to the Plan of Merger shall become
the memorandum and articles of association of the Surviving Company until thereafter amended in accordance with applicable Law and such
memorandum and articles of association; <I>provided</I>, that at the Effective Time, (a) all references therein to the name of the Surviving
Company shall be amended to &ldquo;Tarena International, Inc.,&rdquo; (b) all references therein to the authorized share capital of the
Surviving Company shall be amended to refer to the correct authorized share capital of the Surviving Company as approved in the Plan of
Merger, and (c) such memorandum and articles of association shall include such indemnification, advancement of expenses and exculpation
provisions as required by <U>Section &#8206;6.05(a)</U>.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10%"></TD><TD STYLE="width: 10%">Section&nbsp;1.06</TD><TD STYLE="width: 80%"><U>Directors and Officers</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The parties hereto shall take
all actions necessary so that (a) the directors of Merger Sub immediately prior to the Effective Time or such other persons designated
by Parent shall, from and after the Effective Time, be the initial directors of the Surviving Company, and (b) the officers of the Company
immediately prior to the Effective Time shall, from and after the Effective Time, be the initial officers of the Surviving Company, in
each case, unless otherwise determined by Parent , and shall hold office until their respective successors are duly elected or appointed
and qualified or until the earlier of their death, resignation or removal in accordance with the memorandum and articles of association
of the Surviving Company.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10%"></TD><TD STYLE="width: 10%">Section&nbsp;1.07</TD><TD STYLE="width: 80%"><U>Secured Creditors</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Each of the Company and Merger
Sub acknowledges and agrees that it has no secured creditors within the meaning of section 233(8) of the CICA and therefore no secured
creditor consent to the Merger is required.</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: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">Article&nbsp;II</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">&nbsp;<U><BR>
TREATMENT OF SECURITIES; MERGER CONSIDERATION</U></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10%"></TD><TD STYLE="width: 10%">Section&nbsp;2.01</TD><TD STYLE="width: 80%"><U>Cancellation and Conversion of Securities</U>.&nbsp;</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">At the Effective Time, by virtue of the Merger
and without any action on the part of Parent, Merger Sub, the Company or the holders of any securities of the Company:</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">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>each Share issued and outstanding immediately prior to the Effective Time (other than the Excluded Shares, the Dissenting Shares
and Shares represented by ADSs) shall be cancelled and cease to exist, in consideration of and exchange for the right to receive US$4.00
in cash per Share without interest (the &ldquo;<FONT STYLE="font-weight: normal; color: black"><U>Per Share Merger Consideration</U></FONT>&rdquo;)
payable in the manner provided in <U>Section &#8206;2.04</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">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>each American Depositary Share (an &ldquo;<FONT STYLE="font-weight: normal; color: black"><U>ADS</U></FONT>&rdquo; or collectively,
the &ldquo;<FONT STYLE="font-weight: normal; color: black"><U>ADSs</U></FONT>&rdquo;), each representing one (1) Share, issued and outstanding
immediately prior to the Effective Time (other than ADSs representing the Excluded Shares), together with the Shares represented by such
ADSs, shall be cancelled and cease to exist, in consideration and exchange for the right to receive US$4.00 in cash per ADS without interest
(the &ldquo;<FONT STYLE="font-weight: normal; color: black"><U>Per ADS Merger Consideration</U></FONT>&rdquo;), pursuant to the terms
and conditions set forth in this Agreement and the Deposit Agreement, and in the event of any conflict between this Agreement and the
Deposit Agreement, this Agreement shall prevail;</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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;each of the Excluded Shares
and ADSs representing the Excluded Shares, in each case, issued and outstanding immediately prior to the Effective Time shall be cancelled
and cease to exist without payment of any consideration or distribution therefor;</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
 &nbsp;&nbsp;</FONT>each of the Dissenting Shares issued and outstanding immediately prior to the Effective Time shall be cancelled
and cease to exist in accordance with <U>Section &#8206;2.03</U> and thereafter represent only the right to receive the applicable
payments set forth in <U>Section &#8206;2.03</U>; and</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>each share of Merger Sub issued and outstanding immediately prior to the Effective Time shall be converted into and become one
(1) validly issued, fully paid and non-assessable ordinary share of the Surviving Company. Such one (1) ordinary share of the Surviving
Company shall constitute the only issued and outstanding share capital of the Surviving Company upon the Effective Time.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10%"></TD><TD STYLE="width: 10%">Section&nbsp;2.02</TD><TD STYLE="width: 80%"><U>Company Share Plans</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>
At the Effective Time, the Company shall (i) terminate the Company Share Plans and any relevant award agreements entered into under
the Company Share Plans, (ii) cancel each Company Option that is then outstanding and unexercised, whether or not vested or
exercisable, and (iii) cancel each Company RSU that is then outstanding, whether or not vested.</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each former holder (or his or her designee) of a Vested Company Option which is cancelled at the Effective Time shall, in exchange
therefor and by delivering a written election to the Company prior to the Shareholders Meeting, be entitled to elect to (x) be issued
with an employee incentive award, to replace such Vested Company Option, on terms and&#8239;conditions reasonably determined by Parent that
comply with the Company Share Plans and the award agreement(s) with respect to such Vested Company Option, or (y) be paid by the Surviving
Company or one of its Subsidiaries, as soon as practicable after the Effective Time, but in any event no later than thirty (30) Business
Days after the Closing Date, a cash amount (without interest and subject to <U>&#8206;Section&nbsp;2.02&#8206;(g)</U>) equal to (i) the
excess, if any, of the Per Share Merger Consideration over the Exercise Price of such Vested Company Option, multiplied by (ii) the number
of Shares underlying such Vested Company Option (assuming such holder exercises such Vested Company Option in full immediately prior
to the Effective Time); <I>provided</I>, that if the Exercise Price of any such Vested Company Option is equal to or greater than the
Per Share Merger Consideration, such Vested Company Option shall be cancelled and the holder of any such Vested Company Option shall
not be entitled to payment of any consideration therefor. In the event that such holder of a Vested Company Option fails to deliver the
written election to the Company prior to the Shareholders Meeting, such holder shall be deemed to have elected to be issued with an employee
incentive award to replace such Vested Company Option according to (x).</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">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each former holder (or his or her designee) of an Unvested Company Option that is cancelled at the Effective Time shall, in exchange
therefor, be issued with an employee incentive award, to replace such Unvested Company Option, on terms and conditions reasonably determined
by Parent that comply with the Company Share Plans and the award agreement(s) with respect to such Unvested Company Option.</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Subject to <U>&#8206;Section&nbsp;2.02&#8206;(f)</U>, each former holder (or his or her designee) of a Vested Company RSU, which
is cancelled at the Effective Time shall, in exchange therefor and by delivering a written election to the Company prior to the Shareholders
Meeting, be entitled to elect to (x) be issued with an employee incentive award, to replace such Vested Company RSU, on terms and conditions
reasonably determined by Parent that comply with the Company Share Plans and the award agreement(s) with respect to such Vested Company
RSU, or (y) be paid by the Surviving Company or one of its Subsidiaries, as soon as practicable after the Effective Time, but in any event
no later than thirty (30) Business Days after the Closing Date, a cash amount (without interest and subject to <U>&#8206;Section&nbsp;2.02&#8206;(g)</U>)
equal to the Per Share Merger Consideration with respect to each Vested Company RSU. In the event that such holder of a Vested Company
RSU fails to deliver the written election to the Company prior to the Shareholders Meeting, such holder shall be deemed to have elected
to be issued with an employee incentive award to replace such Vested Company RSU according to (x).</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Subject to <U>&#8206;Section&nbsp;2.02&#8206;(f)</U>, each former holder (or his or her designee) of an Unvested Company RSU that
is cancelled at the Effective Time shall, in exchange therefor, be issued with an employee incentive award, to replace such Unvested Company
RSU, on terms and conditions reasonably determined by Parent that comply with the Company Share Plans and the award agreement(s) with
respect to such Unvested Company RSU.</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
 &nbsp;&nbsp;&nbsp;&nbsp; </FONT>Each of the Company RSUs granted to the Persons set forth on <U>Schedule 2.02</U>
hereto&#8206;, whether vested or unvested, that is cancelled at the Effective Time shall, except as otherwise agreed to in writing
between such Persons and Parent, in exchange therefor, be paid by the Surviving Company or one of its Subsidiaries, as soon as
practicable after the Effective Time, a cash amount (without interest and subject to <U>&#8206;Section&nbsp;2.02&#8206;(g)</U>)
equal to (x) the Per Share Merger Consideration multiplied by (y) the number of Shares underlying such Company RSU.</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Any payment under this <U>Section &#8206;2.02</U> shall be subject to all applicable Taxes and Tax withholding requirements, and
each applicable withholding agent shall be entitled to&#8239;withhold Taxes under applicable Tax Law in respect thereof. Each former holder
of Company Options or Company RSUs shall be personally responsible for the proper reporting and payment of all Taxes related to any distribution
contemplated by this <U>Section &#8206;2.02</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>As promptly as practicable following the date hereof and in any event prior to the Effective Time, the Company, the Company Board
or the compensation committee of the Company Board, as applicable, shall pass any resolutions and take any actions reasonably necessary
to effect the provisions of this <U>Section &#8206;2.02</U>. Promptly following the date hereof but in any event prior to the Effective
Time, the Company shall deliver a written notice to each holder of Company Options or Company RSUs informing such holder of the treatment
of such Company Options or Company RSUs contemplated by this <U>Section &#8206;2.02</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; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Parent
shall cause the Surviving Company to pay to each holder of Vested Company Options so elected in accordance with <U>&#8206;Section&nbsp;2.02&#8206;(b)</U>,
each holder of Vested Company RSUs so elected in accordance with <U>&#8206;Section&nbsp;2.02&#8206;(d)</U> and the Persons set forth
on <U>Schedule &#8206;2.02</U> hereto, the amounts required pursuant to <U>&#8206;&#8206;Section&nbsp;2.02&#8206;(b)</U>, <U>&#8206;Section&nbsp;2.02&#8206;(d)
</U>and &#8206;<U>&#8206;Section&nbsp;2.02&#8206;(f)</U> as soon as practicable after the Effective Time, but in any event no later than
thirty (30) Business Days after the Closing Date.</P>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10%"></TD><TD STYLE="width: 10%">Section&nbsp;2.03</TD><TD STYLE="width: 80%"><U>Dissenting Shares</U>.</TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Notwithstanding any provision of this Agreement to the contrary and to the extent available under the CICA, all Shares (other than
the Excluded Shares) that are issued and outstanding immediately prior to the Effective Time and that are held by shareholders of the
Company who shall have validly exercised and not effectively withdrawn or lost their rights to dissent from the Merger in accordance with
Section 238 of the CICA (collectively, the &ldquo;<FONT STYLE="font-weight: normal; color: black"><U>Dissenting Shares,</U></FONT>&rdquo;
and holders of the Dissenting Shares collectively, the &ldquo;<FONT STYLE="font-weight: normal; color: black"><U>Dissenting Shareholders</U></FONT>&rdquo;)
shall be cancelled at the Effective Time and the Dissenting Shareholders shall not be entitled to receive the Per Share Merger Consideration
and shall instead be entitled to receive only the payment of the fair value of such Dissenting Shares held by them determined in accordance
with the provisions of Section 238 of the CICA.</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>For the avoidance of doubt, all Shares held by Dissenting Shareholders who shall not have validly exercised or perfected or who
shall have effectively withdrawn or lost their dissenter rights under Section 238 of the CICA shall thereupon not be Dissenting Shares
and shall be cancelled and cease to exist as of the Effective Time, in consideration of the right to receive the Per Share Merger Consideration,
without any interest thereon, in the manner provided in <U>Section &#8206;2.04</U>. Parent shall promptly deposit or cause to be deposited
with the Paying Agent any additional funds necessary to pay in full the aggregate Per Share Merger Consideration so due and payable to
such shareholders who shall not have validly exercised or perfected or who shall have effectively withdrawn or lost such dissenter rights
under Section 238 of the CICA.</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The Company shall give Parent (i) prompt notice of any notices of objection, notices of approvals, notice of dissent or demands
for appraisal or written offers, under Section 238 of the CICA received by the Company, withdrawals of such notices, demands or offers,
and any other instruments served pursuant to applicable Law of the Cayman Islands and received by the Company relating to its shareholders&rsquo;
rights to dissent from the Merger or appraisal rights, and (ii) the opportunity to participate in negotiations and proceedings with respect
to any such notice or demand for appraisal under the CICA. Prior to the Effective Time, the Company shall not, except&#8239;with the prior written
consent of Parent, make any offers or agree to any payment with respect to any exercise by a shareholder of its rights to dissent from
the Merger or any demands for appraisal or offer to settle or settle any such demands or approve any withdrawal of any such demands.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>In the event that any written notices of objection to the Merger are served by any shareholders of the Company pursuant to section
238(2) of the CICA, the Company shall serve written notice of the authorization of the Merger on such shareholders pursuant to section
238(4) of the CICA within twenty (20) days of obtaining the Requisite Company Vote at the Shareholders Meeting.</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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<TD STYLE="width: 10%"></TD><TD STYLE="width: 10%">Section&nbsp;2.04</TD><TD STYLE="width: 80%"><U>Exchange of Share Certificates, etc.</U></TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><U>Paying Agent</U></FONT>. Prior to the Effective Time, Parent shall
select and appoint a bank or trust company reasonably acceptable to the Company to act as paying agent (the &ldquo;<FONT STYLE="font-weight: normal; color: black"><U>Paying
Agent</U></FONT>&rdquo;) for all payments required to be made pursuant to <U>Section &#8206;2.01(a)</U>, <U>Section &#8206;2.01(b)</U>
and <U>Section &#8206;2.03(b)</U> (in the case of <U>Section &#8206;2.03(b)</U>, when required thereby) (collectively, the &ldquo;<FONT STYLE="font-weight: normal; color: black"><U>Merger
Consideration</U></FONT>&rdquo;), and Parent shall enter into a paying agent agreement prior to the Effective Time. At or prior to the
Effective Time, or in the case of payments pursuant to <U>Section &#8206;2.03(b)</U>, when required thereby, Parent shall deposit, or
cause to be deposited, with the Paying Agent, for the benefit of the holders of Shares (other than Excluded Shares) and ADSs (other than
ADSs representing the Excluded Shares), cash in immediately available funds and in an amount sufficient to pay the full amount of the
Merger Consideration (such cash, the &ldquo;<FONT STYLE="font-weight: normal; color: black"><U>Exchange Fund</U></FONT>&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">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><U>Exchange Procedures</U></FONT>. Promptly after the Effective Time
(and in any event within five (5) Business Days thereafter), the Surviving Company shall cause the Paying Agent to mail to each person
who was, at the Effective Time, a registered holder of Shares (other than Excluded Shares and Dissenting Shares) entitled to receive
the Per Share Merger Consideration pursuant to <U>Section &#8206;2.01(a)</U>: (i) a letter of transmittal (which shall be in customary
form for a company incorporated in the Cayman Islands, and shall specify the manner in which the delivery of the Exchange Fund to registered
holders of such Shares shall be effected); and (ii) instructions for use in effecting the surrender of any issued share certificates
representing such Shares (the &ldquo;<FONT STYLE="font-weight: normal; color: black"><U>Share Certificates</U></FONT>&rdquo;) (or affidavits
and indemnities of loss in lieu of the Share Certificates as provided in <U>Section &#8206;2.04(c)</U>) or non-certificated Shares represented
by book entry (&ldquo;<FONT STYLE="font-weight: normal; color: black"><U>Uncertificated Shares</U></FONT>&rdquo;) or such other documents
as may be required in exchange for the Per Share Merger Consideration. Promptly following any Shares ceasing to be Dissenting Shares
pursuant to <U>&#8206;Section&nbsp;2.03(b)</U>, Parent shall cause the Paying Agent to mail to the applicable shareholders the documents
described in the immediately preceding sentence. Upon surrender of, if applicable, a Share Certificate (or affidavit and indemnity of
loss in lieu of the Share Certificate as provided in <U>Section &#8206;2.04(c)</U>) or Uncertificated Shares or such other documents
as may be required pursuant to such instructions to the Paying Agent in accordance with the terms of such letter of transmittal, duly
executed in accordance with the instructions thereto, each registered holder of Shares represented by such Share Certificate (or affidavits
and indemnities of loss in lieu of the Share Certificates as provided in <U>Section &#8206;2.04(c)</U>) and each registered holder of
Uncertificated Shares shall be entitled to receive in exchange therefor a check, in the amount equal to (x) the number of Shares represented
by such Share Certificate (or affidavit and indemnity of loss in lieu of the Share Certificate as provided in <U>Section &#8206;2.04(c)</U>)
or the number of Uncertificated Shares multiplied by (y) the Per Share Merger Consideration, subject to applicable withholding in accordance
with <U>Section&#8239;&#8206;2.04(i)</U>, and any Share Certificate so surrendered shall forthwith be marked as cancelled. Prior to the Effective
Time, Parent and the Company shall establish procedures with the Paying Agent and the Depositary to ensure that (A) the Paying Agent
will transmit to the Depositary as promptly as reasonably practicable following the Effective Time an amount in cash in immediately available
funds equal to the product of (x) the number of ADSs issued and outstanding immediately prior to the Effective Time (other than ADSs
representing Excluded Shares) and (y) the Per ADS Merger Consideration, and (B) the Depositary will distribute the Per ADS Merger Consideration
to holders of ADSs pro rata to their holdings of ADSs (other than ADSs representing Excluded Shares) upon surrender by them of the ADSs.
Pursuant to the terms of the Deposit Agreement, the ADS holders will pay any applicable fees, charges and expenses of the Depositary,
stock transfer or other Taxes and other government charges due to or incurred by the Depositary in connection with the cancellation of
their ADSs. The Surviving Company will pay any applicable fees, charges and expenses of the Depositary and government charges (other
than withholding Taxes, if any, which shall be withheld by the Depositary in accordance with <U>Section &#8206;2.04(i)</U>) due to or
incurred by the Depositary in connection with distribution of the Per ADS Merger Consideration to holders of ADSs and the cancellation
of ADSs (excluding any fees, including ADS cancellation or termination fees, payable by holders of ADSs in accordance with the Deposit
Agreement). No interest shall be paid or will accrue on any amount payable in respect of the Shares or ADSs pursuant to the provisions
of this &#8206;<U>Article&nbsp;II</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&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">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><U>Lost Certificates</U></FONT>. If any Share Certificate shall have been
lost, stolen or destroyed, upon the making of an affidavit of that fact by the person claiming such Share Certificate to be lost, stolen
or destroyed and, if required by the Surviving Company or the Paying Agent, the posting by such person of a bond, in such reasonable amount
as the Surviving Company or the Paying Agent may direct, and upon such term as may be reasonably required by the Surviving Company or
the Paying Agent, as indemnity against any claim that may be made against it with respect to such Share Certificate, the Paying Agent
will pay in respect of such lost, stolen or destroyed Share Certificate an amount equal to the Per Share Merger Consideration multiplied
by the number of Shares (other than Excluded Shares and Dissenting Shares) represented by such Share Certificate to which the holder thereof
is entitled pursuant to <U>Section &#8206;2.01(a)</U> and <U>Section &#8206;2.03(b)</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">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><U>Untraceable Shareholders</U></FONT>. Remittances for the Per Share
Merger Consideration or the Per ADS Merger Consideration, as the case may be, shall not be sent to holders of Shares or ADSs who are
untraceable unless and until they notify the Surviving Company, the Paying Agent or the Depositary, as applicable, of their current contact
details. A holder of Shares or ADSs will be deemed to be untraceable if (i)&nbsp;such person has no registered address in the register
of members maintained by the Company or the Depositary, as applicable, or (ii) on the last two consecutive occasions on which a dividend
has been paid by the Company a check payable to such person either (x) has been sent to such person and has been returned undelivered
or has not been cashed, or (y) has not been sent to such person because on an earlier occasion a check for a dividend so payable has
been returned undelivered, and in any such case no valid claim in respect thereof has been communicated in writing to the Company or
the Depositary, as applicable, or (iii) notice of the Shareholders Meeting convened to vote on the Merger has been sent to such person
and has been returned undelivered. Monies due to shareholders of the Company (including holders of ADSs) who are untraceable shall be
returned to the Surviving Company on demand and held in a non-interest bearing bank account for the benefit of shareholders of the Company
(including holders of ADSs) who are untraceable. Shareholders of the Company who are untraceable but subsequently wish to receive any
monies otherwise payable in respect of the Merger within&#8239;applicable time limits or limitation periods will be advised to contact the Surviving
Company; <I>provided</I>, that monies unclaimed as of a date which is immediately prior to such time as such amounts would otherwise
escheat to any Governmental Authority pursuant to applicable Laws shall, to the extent permitted by applicable Law, become property of
the Surviving Company.</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><U>Adjustments to Merger Consideration</U></FONT>. The Per Share Merger
Consideration and the Per ADS Merger Consideration shall be equitably adjusted to reflect appropriately the effect of any share split,
reverse share split, share dividend (including any dividend or distribution of securities convertible into Shares), extraordinary cash
dividends, reorganization, recapitalization, reclassification, combination, exchange of shares or other like change with respect to Shares
or ADSs occurring on or after the date hereof and prior to the Effective Time (but excluding any change that results from any exercise
of Company Options or the vesting of any Company RSUs) and to provide to the holders of Shares (including Shares represented by ADSs),
Company Options and Company RSUs the same economic effect as contemplated by this Agreement prior to such action.</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><U>Investment of Exchange Fund</U></FONT>. The Exchange Fund, pending
its disbursement to the holders of Shares and ADSs, shall be invested by the Paying Agent as directed by Parent or, after the Effective
Time, the Surviving Company; <I>provided</I>, that Parent or the Surviving Company, as applicable, shall not direct the Paying Agent to
make any such investment that is speculative in nature and that no such investment or loss shall affect the aggregate amounts payable
under this <U>&#8206;Article&nbsp;II</U>. Parent or the Surviving Company, as applicable, shall promptly replace or cause to be replaced
any funds deposited with the Paying Agent that are lost through any investment to the extent necessary to ensure that the Exchange Fund
is at all times maintained at a level sufficient for the Paying Agent to pay the Merger Consideration. Subject to the preceding sentence,
earnings from investments shall be the exclusive property of the Surviving Company. Except as contemplated by <U>Section &#8206;2.04(b)</U>,
<U>Section &#8206;2.04(d)</U>, this <U>Section &#8206;2.04(f)</U> and <U>Section &#8206;2.04(g)</U>, the Exchange Fund shall not be used
for any other purpose.</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><U>Termination of Exchange Fund</U></FONT>. Any portion of the Exchange
Fund that remains unclaimed by the holders of Shares or ADSs for nine (9) months after the Effective Time shall be delivered to the Surviving
Company upon demand, and any holders of Shares (other than Excluded Shares) and ADSs (other than ADSs representing the Excluded Shares)
who have not theretofore complied with this <U>Article &#8206;II</U> shall thereafter look only to the Surviving Company for the cash
to which they are entitled pursuant to this <U>Article &#8206;II</U> without any interest thereon.</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><U>No Liability</U></FONT>. None of the Paying Agent, the Rollover Shareholders,
the Guarantors, Parent, the Surviving Company or the Depositary shall be liable to any former holder of Shares for any such Shares (including
Shares represented by ADSs) (or dividends or distributions with respect thereto), or cash properly delivered to a public official pursuant
to any applicable abandoned property, bona vacantia, escheat or similar Law. Any amounts remaining unclaimed by such former holders at
such time at which such amounts would otherwise escheat to or become property of any Governmental Authority shall become, to the extent
permitted by applicable Laws, the property of the Surviving Company or its designee, free and clear of all claims or interest of any person
previously entitled thereto.</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><U>Withholding Rights</U></FONT>. Each of Parent, the Surviving Company,
the Paying Agent, Merger Sub and the Depositary shall be entitled to deduct and withhold from the consideration otherwise payable pursuant
to this Agreement to any holder of Shares, ADSs, Company Options or Company RSUs such amounts as it is required to deduct and withhold
with&#8239;respect to the making of such payment under any provision of applicable Tax Law. To the extent that amounts are so withheld by Parent,
the Surviving Company, the Paying Agent, Merger Sub or the Depositary, as the case may be, such withheld amounts shall be (i) remitted
by Parent, the Surviving Company, the Paying Agent, Merger Sub or the Depositary, as applicable, to the applicable Governmental Authority
and (ii) to the extent so remitted, treated for all purposes of this Agreement as having been paid to the holder of the Shares, ADSs,
Company Options or Company RSUs in respect of which such deduction and withholding was made by Parent, the Surviving Company, the Paying
Agent, Merger Sub or the Depositary, as the case may be.</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>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10%"></TD><TD STYLE="width: 10%">Section&nbsp;2.05</TD><TD STYLE="width: 80%"><U>No Transfers</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">From and after the Effective
Time, (a) the register of members of the Company shall be closed, and there shall be no registrations of transfers in the register of
members of the Surviving Company of the Shares that were outstanding immediately prior to the Effective Time, and (b) the holders of Shares
(including Shares represented by ADSs) issued and outstanding immediately prior to the Effective Time shall cease to have any rights with
respect to such Shares, except as otherwise provided in this Agreement or by Law. On or after the Effective Time, any Share Certificates
presented to the Paying Agent, Parent or Surviving Company for transfer or any other reason shall be cancelled, in exchange for the right
to receive the cash consideration to which the holders thereof are entitled under this <U>Article &#8206;II</U> in the case of Shares
other than the Excluded Shares and the Dissenting Shares, and for no consideration in the case of Excluded Shares and only in accordance
with <U>Section &#8206;2.03</U> in the case of the Dissenting Shares.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10%"></TD><TD STYLE="width: 10%">Section&nbsp;2.06</TD><TD STYLE="width: 80%"><U>Termination of Deposit Agreement</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As soon as reasonably practicable
after the Effective Time, the Surviving Company shall provide notice to Citibank, N.A. (the &ldquo;<FONT STYLE="font-weight: normal"><U>Depositary</U></FONT>&rdquo;)
to terminate the deposit agreement dated April 2, 2014, entered into by and among the Company, the Depositary and all holders and beneficial
owners of ADSs issued thereunder (the &ldquo;<U>Deposit Agreement</U>&rdquo;) in accordance with its terms.</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: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">Article&nbsp;III<U><BR>
<BR>
REPRESENTATIONS AND WARRANTIES OF THE COMPANY</U></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The following representations
and warranties by the Company are qualified in their entirety by reference to (a) all disclosures in the Company SEC Reports filed with
or furnished to the SEC prior to the date hereof but excluding (i) statements in any &ldquo;Risk Factors&rdquo; and/or &ldquo;Forward-Looking
Statements&rdquo; section(s) of any such Company SEC Report and (ii) those statements that are cautionary, predictive or forward-looking
in nature, but in each case, other than specific factual information contained therein, (b) all disclosures set forth in the corresponding
sections or subsections of Company Disclosure Schedule (it being understood that any information set forth in one section or subsection
of the Company Disclosure Schedule shall also be deemed disclosure with respect to any other section or subsection of this Agreement to
which the relevance of such information is reasonably apparent), and (c) any information that would cause one or more of the representations
and warranties contained in this &#8206;<U>Article&nbsp;III</U> to be untrue or incorrect, of which the Chairman has actual knowledge,
or should have knowledge after making due inquiries of any director, officer or employee of any Group Company who are directly reporting
or reported to him, prior to the date of this Agreement. Subject to the foregoing, the Company hereby represents and warrants to Parent
and Merger Sub that:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10%"></TD><TD STYLE="width: 10%">Section&nbsp;3.01</TD><TD STYLE="text-align: justify; width: 80%"><U>Organization
                                            and Qualification</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Each of the Company and its
Subsidiaries is an entity duly incorporated or organized, as applicable, validly existing and in good standing (with respect to jurisdictions
which recognize such concept) under the Laws of the jurisdiction of its incorporation or organization and has the requisite corporate
or similar power and authority to own, lease and operate its properties and assets and to conduct its business as now being conducted,
except where the failure to have such power or authority would not reasonably be expected to have, individually or in the aggregate, a
Company Material Adverse Effect. The Company and each of its Subsidiaries is duly qualified or licensed to do business and is in good
standing (with respect to jurisdictions which recognize such concept) in each jurisdiction in which the nature of its business or the
ownership, leasing or operation of its properties makes such qualification or licensing necessary, except where the failure to be so duly
qualified or licensed or in good standing would not reasonably be expected to have, individually or in the aggregate, a Company Material
Adverse Effect.</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>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10%"></TD><TD STYLE="width: 10%">Section&nbsp;3.02</TD><TD STYLE="width: 80%"><U>Constitutional Documents</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">No Group Company is in violation
of any of the provisions of its memorandum and articles of association or equivalent organizational documents in any material respect.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10%"></TD><TD STYLE="width: 10%">Section&nbsp;3.03</TD><TD STYLE="width: 80%"><U>Capitalization</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The authorized share capital of the Company is US$1,000,000 divided into 1,000,000,000 Shares of a par value of US$0.001 per share,
comprising of 860,000,000 Class A Ordinary Shares, 40,000,000 Class B Ordinary Shares and 100,000,000 shares of such class or classes
(however designated) as the Company Board may determine in accordance with the Company&rsquo;s articles of <FONT STYLE="color: windowtext">association</FONT>.
As of the close of business in New York City on April 26, 2021, (i)&nbsp;48,912,726 Class A Ordinary Shares and 7,206,059 Class B Ordinary
Shares are issued and outstanding, all of which have been duly authorized and are validly issued, fully paid and non-assessable, (ii)
7,099,141 Class A Shares are issued to the Depositary and reserved for future issuance pursuant to the outstanding Company Options and
Company RSUs, and (iii) 7,199,870 Class A Ordinary Shares are issued and held by the Company as treasury shares.</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Except for (i) the Company Options and Company RSUs (including the rights and obligations of their holders and the Company under
the terms of the Company Options and the Company RSUs) and rights under the Control Documents, and (ii) the Transactions, there are no
options, warrants, preemptive rights, conversion rights, redemption rights, share appreciation rights, repurchase rights, convertible
debt, other convertible instruments or other rights, agreements, arrangements or commitments of any character issued by any Group Company
relating to the issued or unissued share capital of any Group Company or obligating any Group Company to issue, transfer or sell or cause
to be issued, transferred or sold any Equity Securities of any Group Company or any securities or obligations convertible or exchangeable
into or exercisable for, or giving any person a right to subscribe for or acquire, any securities of any Group Company and no securities
or obligations <FONT STYLE="color: windowtext">evidencing</FONT> such rights are authorized, issued or outstanding, and there are no outstanding
contractual obligations of any Group Company to repurchase, redeem or otherwise acquire any Equity Securities of any Group Company.</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The grant of each such outstanding Company Option was validly made and properly approved by the Company Board (or a duly authorized
committee or subcommittee thereof) in material compliance with the terms of the relevant Company Share Plans, the Securities&#8239;Exchange
Act of 1934, as amended (the &ldquo;<U>Exchange Act</U>&rdquo;), the rules and regulations of The Nasdaq Stock Market (&ldquo;<U>Nasdaq</U>&rdquo;)
and all other applicable Laws. The grant of each such Company RSU was validly made and properly approved by the Company <FONT STYLE="color: windowtext">Board
</FONT>(or a duly authorized committee or subcommittee thereof) in material compliance with the terms of the relevant Company Share Plans,
the Exchange Act, the rules and regulations of Nasdaq and all other 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: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Except as set forth in <U>Section 3.03(d)</U> of the Company Disclosure Schedule, (i) t<FONT STYLE="color: windowtext">he outstanding
share capital or registered capital, as the case may be, of each of the Company&rsquo;s Subsidiaries is duly authorized, validly issued,
fully paid and non-assessable, and the portion of the outstanding share capital or registered capital, as the case may be, of each of
the Company&rsquo;s Subsidiaries is owned by such Group Company free and clear of all Liens (except for Permitted Liens), other than the
VIE Entity to the extent it is subject to the Control Documents, and (ii) o</FONT>ther than those contemplated in this Agreement or for
the purpose of the Transactions, there are no outstanding contractual obligations of any Group Company to provide funds to, or make any
investment (in the form of a loan, capital contribution or otherwise) in, any of the Company&rsquo;s Subsidiaries.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10%"></TD><TD STYLE="width: 10%">Section&nbsp;3.04</TD><TD STYLE="width: 80%"><U>Authorization</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Company has all necessary power and authority to execute and deliver this Agreement, to perform its obligations hereunder and,
subject to receipt of the Requisite Company Vote, to execute and deliver the Plan of Merger and to consummate the Merger and the other
Transactions. The execution, delivery and performance by the Company of this Agreement and the Plan of Merger, and the consummation of
the Merger and the other Transactions, have been duly and validly authorized by the Company Board and other than such filings and recordation
as required by the CICA, no other corporate action on the part of the Company is necessary to authorize the execution and delivery by
the Company of this Agreement and the Plan of Merger, and the consummation by it of the Transactions, in each case, subject, in the case
of the Plan of Merger and the Merger, to receipt of the Requisite Company Vote.</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>This Agreement has been duly executed and delivered by the Company and, assuming due and valid authorization, execution and delivery
hereof by Parent and Merger Sub, is a valid and binding obligation of the Company enforceable against the Company in accordance with its
terms, except that the enforcement hereof may be limited by (a) bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium
or other similar Laws, now or hereafter in effect, relating to creditors&rsquo; rights generally, and (b) general principles of equity
(regardless of whether enforceability is considered in a proceeding in equity or at law) ((a) and (b) collectively, the &ldquo;<FONT STYLE="font-weight: normal; color: windowtext"><U>Enforceability
Exceptions</U></FONT>&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">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Company Board, acting upon the unanimous recommendation of the Special Committee, by resolutions duly adopted by vote of those
directors voting at a meeting duly called and held and not subsequently rescinded or modified in a manner adverse to Parent, has (i)&nbsp;determined
that it is fair to, and in the best interests of, the Company and its shareholders (other than the holders of Excluded Shares), and declared
it advisable, for the Company to enter into this Agreement and the Plan of Merger; (ii) authorized and approved the execution, delivery
and performance of this Agreement and the Plan of Merger and the consummation of the Transactions; and (iii) resolved to recommend the
authorization and approval of this Agreement, the Plan of Merger and the consummation of the Transactions to the holders of Shares (the
 &ldquo;<FONT STYLE="font-weight: normal; color: black"><U>Company&#8239;</U></FONT><U>Recommendation</U>&rdquo;). As of the date hereof,
the foregoing determinations and resolutions have not been rescinded, modified or withdrawn.</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Special Committee has received from Duff &amp; Phelps, LLC (the &ldquo;<FONT STYLE="font-weight: normal; color: black"><U>Financial
Advisor</U></FONT>&rdquo;) its written opinion, dated the date of this Agreement, to the effect that, the Per Share Merger Consideration
to be received by the holders of Shares (other than Excluded Shares, Dissenting Shares and Shares represented by ADSs) and the Per ADS
Merger Consideration to be received by the holders of ADSs (other than ADSs representing the Excluded Shares) are fair, from a financial
point of view, to such holders. The Financial Advisor has consented to the inclusion of a copy of such opinion in the Proxy Statement
and Schedule 13E-3.</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>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10%"></TD><TD STYLE="width: 10%">Section&nbsp;3.05</TD><TD STYLE="width: 80%"><U>No Conflict; Required Filings and Consents</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>None of the execution, delivery or performance of this Agreement by the Company, the consummation by the Company of the Merger
or any other Transaction or compliance by the Company with any of the provisions of this Agreement will (a) assuming the Requisite Company
Vote is obtained, conflict with or result in any breach of any provision of the organizational or governing documents of any Group Company,
(b) require any consent or waiver by any Person under, result in a modification, violation or breach of, or constitute (with or without
notice or lapse of time or both) a default (or give rise to any right, including any right of termination, amendment, cancellation or
acceleration) under, any of the terms, conditions or provisions of any Material Contract, (c) result in the creation or <FONT STYLE="color: windowtext">imposition</FONT>
of any Lien (other than Permitted Liens) on any asset of the Company or any of its Subsidiaries, or (d) assuming the Requisite Company
Vote is obtained and the Requisite Approvals are complied with and completed, violate any Order or Law applicable to the Company, any
Subsidiary of the Company, or any of their respective properties, assets or operations; except, with respect to each case of clauses (b)
through (d), for any such conflict, breach, violation, default, modification, right, creation of any Lien or other occurrence which would
not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse 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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="color: windowtext">None of the execution, delivery or performance of this Agreement by the Company, the consummation
by the Company of the Merger or any other Transaction or compliance by the Company with any of the provisions of this Agreement will require
any filing by the Company or any of its Subsidiaries with, or the obtaining of any permit, authorization, consent or approval of, any
court, arbitral tribunal, administrative agency or commission or other governmental or other regulatory authority or agency, whether foreign,
federal, state, local or supranational, or any self-regulatory or quasi-governmental authority (each, a &ldquo;<U>Governmental Authority</U>&rdquo;)
except for (i) compliance with any applicable requirements of the Securities Act and the Exchange Act, (ii) the filing of the Plan of
Merger and related documentation with the Registrar of Companies of the Cayman Islands and the publication of notification of the Merger
in the Cayman Islands Government Gazette pursuant to the CICA, (iii) such filings with the SEC as may be required to be made by the Company
in connection with this Agreement and the Merger, including the joining of the Company in the filing of the Schedule 13E-3, which shall
incorporate by reference the Proxy Statement, and the filing or furnishing of one or more amendments to the Schedule 13E-3 to respond
to comments of the SEC, if any, on the Schedule 13E-3, (iv) such filings as may be required under the Nasdaq rules and regulations in
connection with this Agreement or the Merger and (v) the PRC Anti-trust Approval (items (i) through (v) together, the &ldquo;<FONT STYLE="font-weight: normal"><U>Requisite
Approvals</U></FONT>&rdquo;).</FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10%"></TD><TD STYLE="width: 10%">Section&nbsp;3.06</TD><TD STYLE="width: 80%"><U>Permits; Compliance with Laws</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Except (i) as would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect, (ii)
for those authorizations, licenses, permits, certificates, approvals and clearances of any Governmental Authority for which any Group
Company has submitted an application, or (iii) as set forth in <U>Section 3.06(a)</U> of the Company Disclosure Schedule, the Company
and its Subsidiaries are in possession of all material authorizations, licenses, permits, certificates, approvals and clearances of any
Governmental Authority necessary for the Company and its Subsidiaries to own, lease and operate their properties or to carry on their
business substantially in the manner described in the Company SEC Reports filed prior to the date hereof and substantially as is being
conducted as of the date of this Agreement (collectively, the &ldquo;<U>Material Company Permits</U>&rdquo;), and except as would not
reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect, (i) all of the Material Company Permits
are valid, in full force and effect, and are not subject to any pending or, to the knowledge of the Company, threatened legal <FONT STYLE="color: windowtext">proceeding</FONT>
by any Governmental Authority to suspend, cancel, modify, terminate or revoke any such Material Company Permit, (ii) the Company and each
of its Subsidiaries are in compliance with the terms and requirements of such Material Company Permits, and (iii) the Company and each
of its Subsidiaries is not in default under, and to the Company&rsquo;s knowledge, no condition exists that with notice or lapse of time
or both would constitute a default under or would reasonably be expected to result in any suspension, cancellation, modification, termination
or revocation of, any such Material Company Permit.</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">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="color: windowtext">Except as (i) would not reasonably be expected to have, individually or in the aggregate, a Company
Material Adverse Effect, or (ii) </FONT>set forth in <U>Section 3.06(b)</U> of the Company Disclosure Schedule, (x) <FONT STYLE="color: windowtext">the
Group Companies are and have been in compliance with all applicable Laws and the applicable listing, corporate governance and other rules
and regulations of Nasdaq in all material respects, and (y) since the Applicable Date, no Group Company has received any written notice
or communication of any material non-compliance with any applicable Law that has not been cured.</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Except as (i) would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect, or
(ii) set forth in <U>Section 3.06(c)</U> of the Company Disclosure Schedule, as of the date of this Agreement, the Group Companies are
in compliance with the applicable SAFE Rules and Regulations and duly and lawfully obtained all requisite permits, licenses, approvals,
filings and registrations and other requisite formalities with the SAFE as required under the applicable SAFE Rules and Regulations which
are in full force and effect, and there exist no grounds on which any such permits, licenses, approvals, filings or registrations may
be cancelled or revoked or any Group Company or its legal representative may be subject to liability or penalties for misrepresentations
or failures to disclose information to SAFE or its local counterparts.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10%"></TD><TD STYLE="width: 10%">Section&nbsp;3.07</TD><TD STYLE="width: 80%"><U>SEC Filings; Financial Statements</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Company has filed or otherwise furnished (as applicable), all material forms, reports, statements, schedules and other documents
required to be filed with or furnished to the SEC by the Company since January 1, 2019 (the &ldquo;<U>Applicable Date</U>&rdquo;) (such
forms, reports, statements, schedules and other documents filed since the Applicable Date including any amendments thereto and all exhibits
and schedules thereto and documents incorporated by reference therein, collectively, the &ldquo;<U>Company SEC Reports</U>&rdquo;). Other
than those disclosed in the Company SEC Reports, as of the date of filing, in the case of Company SEC Reports filed pursuant to the Exchange
Act (and to the extent such Company SEC Reports were amended, as of the date of filing of such amendment), and as of the date of effectiveness
in the case of Company SEC Reports filed pursuant to the Securities Act of 1933, as amended (the &ldquo;<U>Securities Act</U>&rdquo;)
(and to the extent such Company SEC Reports were amended, as of the date of effectiveness of such amendment), the Company SEC Reports
(i) complied in all material respects with either the requirements of the Securities Act or the Exchange Act, as the case may be, and
the rules and regulations promulgated thereunder, each as in effect on the date so filed or effective, and (ii) did not contain any untrue
statement of a material fact or omit to state a material fact necessary in order to make the statements made therein, in the light of
the circumstances under which they were made, not misleading as of its filing date or effective date (as 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: 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: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Other than those disclosed in the Company SEC Reports, each of the consolidated financial statements (including, in each case,
any notes thereto) contained in or incorporated by reference into the Company SEC Reports was prepared, in all material respects, in accordance
with United States generally accepted accounting principles (&ldquo;<U>GAAP</U>&rdquo;) applied on a consistent basis throughout the periods
indicated (except as may be indicated in the notes thereto) and each fairly presented, in all material respects, the consolidated financial
position, results of operations, <FONT STYLE="color: windowtext">changes</FONT> in shareholders&rsquo; equity and cash flows of the Company
and its Subsidiaries as at the respective dates thereof and for the respective periods indicated therein (subject, in the case of unaudited
interim statements, to normal year-end audit adjustments which are not material in the aggregate and the exclusion of certain notes in
accordance with the rules of the SEC relating to unaudited financial statements).</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Except as and to the extent set forth in the consolidated financial statements of the Company and its Subsidiaries (including the
notes thereto) included in the Company&rsquo;s annual report on Form 20-F filed with the SEC on April 13, 2021 or otherwise disclosed
by the Company in current reports on Form 6-K, no Group Company has any outstanding liability or obligation of any nature (whether accrued,
<FONT STYLE="color: windowtext">absolute</FONT>, contingent or otherwise) that would be required by GAAP to be reflected in the consolidated
financial statements of the Company and its Subsidiaries, except for Indebtedness, liabilities or obligations (A) incurred in the ordinary
course of business consistent with past practice since December 31, 2020, or (B) incurred pursuant to this Agreement or in connection
with the Transactions, or (C) that would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse
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">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="color: windowtext">Other than those disclosed in the Company SEC Reports, the Company maintained, in all material
respects, effective internal control over financial reporting as of December 31, 2020, based on criteria established in&nbsp;<I>Internal
Control &ndash; Integrated Framework (2013)</I>&nbsp;issued by the Committee of Sponsoring Organizations of the Treadway Commission.</FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10%"></TD><TD STYLE="width: 10%">Section&nbsp;3.08</TD><TD STYLE="width: 80%"><U>Proxy Statement</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The information supplied
by the Company for inclusion in the Proxy Statement (including any amendment or supplement thereto or document incorporated by reference
therein) and the Schedule 13E-3 (including any amendment or supplement thereto or document incorporated by reference therein including
the notice of the Shareholders Meeting and the form of proxy) will not (i) on the date the Proxy Statement (including any amendment or
supplement thereto) is first mailed to shareholders of the Company or at the time of the Shareholders Meeting, or (ii) on the date the
Schedule&nbsp;13E-3 and any amendment or supplement thereto is filed with the SEC, contain any untrue statement of a material fact or
omit to state a material fact necessary in order to make the statements made therein, in light of the circumstances under which they
are made, not misleading. Notwithstanding the foregoing, the Company makes no representation with respect to statements made or incorporated
by reference therein based on information supplied by or on behalf of Parent, Merger Sub, the Rollover Shareholders, the Guarantors or
any of their respective Affiliates or Representatives (as the case may be) for inclusion or incorporation by reference in the Proxy Statement
or the Schedule 13E-3.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10%"></TD><TD STYLE="width: 10%">Section&nbsp;3.09</TD><TD STYLE="width: 80%"><U>Absence of Certain Changes</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Since December 31, 2020, except
as expressly contemplated by this Agreement or for actions taken to respond to COVID-19, each Group Company has conducted business in
all material respects in the ordinary course of business and in a manner consistent with past practice, and there has not been any Company
Material Adverse Effect.</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>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10%"></TD><TD STYLE="width: 10%">Section&nbsp;3.10</TD><TD STYLE="width: 80%"><U>Absence of Litigation</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As of the date of this Agreement,
except as set forth in <U>Section 3.10</U> of the Company Disclosure Schedule, there is no litigation, hearing, suit, claim, action, proceeding
or investigation (an &ldquo;<FONT STYLE="font-weight: normal"><U>Action</U></FONT>&rdquo;) pending or, to the knowledge of the Company,
threatened against any Group Company, or any share, security, equity interest, property or asset of any Group Company, before any Governmental
Authority which (a) seeks to enjoin, restrain or prevent the Merger or the other Transactions, or (b) if adversely determined, would reasonably
be expected to prevent, materially delay or materially impede the performance by the Company of its obligations under this Agreement in
any material respect or the consummation of the Transactions.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10%"></TD><TD STYLE="width: 10%">Section&nbsp;3.11</TD><TD STYLE="width: 80%"><U>Employee Benefit Plans</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Except as (i) would not reasonably
be expected to have, individually or in the aggregate, a Company Material Adverse Effect, or (ii) set forth in <U>Section 3.11</U> of
the Company Disclosure Schedule, since December 31, 2020, (i) each Company Employee Plan has been established, operated and maintained
in compliance with its terms and with applicable Law, and (ii) a<FONT STYLE="background-color: white">ll contributions or other amounts
payable by a Group Company with respect to each Company Employee Plan in respect of current or prior plan years have been paid or accrued
in accordance with generally accepted accounting principles.</FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10%"></TD><TD STYLE="width: 10%">Section&nbsp;3.12</TD><TD STYLE="width: 80%"><U>Labor and Employment Matters</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="background-color: white">Neither the Company nor any of its Subsidiaries is a party to, or bound by, or currently
negotiating in connection with entering into, any collective bargaining agreements. Except (x) for matters that would not, individually
or in the aggregate, reasonably be expected to have a Company Material Adverse Effect, or (y) as set forth in <U>Section 3.12(a)</U> of
the Company Disclosure Schedule, as of the date of this Agreement, there is no (i) unfair labor practice, labor dispute (other than routine
individual grievances) or labor arbitration proceeding pending or, to the knowledge of the Company, threatened in writing against the
Company or any of its Subsidiaries relating to their businesses, or (ii) lockout, strike, slowdown, work stoppage or threat thereof by
or with respect to any current or former employee, officer, consultant or independent contractor of the Company or any of its Subsidiaries.</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">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> Except as (i) would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect, or
(ii) set forth in <U>Section 3.12(b)</U> of the Company Disclosure Schedule, as of the date of this Agreement, t<FONT STYLE="background-color: white">here
are no complaints, charges or claims against the Company or any of its Subsidiaries pending or, to the knowledge of the Company, threatened
in writing to be brought by or filed with any Governmental Authority or otherwise based on, arising out of, in connection with, or otherwise
relating to the employment or termination of employment of any individual by the Company or any of its Subsidiaries.</FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10%"></TD><TD STYLE="width: 10%">Section&nbsp;3.13</TD><TD STYLE="width: 80%"><U>Real Property; Title to Assets</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Except as would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect, with respect
to each Owned Real Property, (i) the relevant Group Company has good and marketable title as applicable, to such Owned Real Property,
free and clear of all Liens, except for Permitted Liens, and (ii) the relevant Group Company has complied with all of the terms and conditions
of, and all of its obligations under, the relevant real property purchase contract in relation to any Owned Real Property owned by it.</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: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Except as would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect, with respect
to each of the Leases: (i) such Lease is legal, valid, binding, enforceable and in full force and effect, subject to the Enforceability
Exceptions, (ii) the Group Companies&rsquo; possession of the Leased Real Property under such Lease has not been disturbed and, to the
knowledge of the Company, there are no disputes with respect to such Lease, and (iii) neither any Group Company (as a party to such Lease)
nor, to the knowledge of the Company, any other third party to the Lease is in material breach or default under such Lease.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10%"></TD><TD STYLE="width: 10%">Section&nbsp;3.14</TD><TD STYLE="width: 80%"><U>Intellectual Property</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Except as would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect, the Company
and its Subsidiaries own or possess adequate licenses or other rights to use (in each case, free and clear of any Liens, except for Permitted
Liens), all Intellectual Property necessary to conduct the business of the Company or its Subsidiaries as currently conducted.</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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Except as (x) would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect, or
(y) set forth in <U>Section 3.14(b)</U> of the Company Disclosure Schedule, as of the date of this Agreement, (i) the use of any Intellectual
Property in connection with the operation of their respective businesses or otherwise by the Company or its Subsidiaries does not infringe
upon or misappropriate the Intellectual Property rights of any person and is in compliance with any applicable license pursuant to which
the Company or any of its Subsidiaries acquired the right to use such Intellectual Property, (ii) neither the Company nor any of its Subsidiaries
has received any written notice of, and to the knowledge of the Company, there is no threatened, assertion or claim that it, or the business
or activities of the Company or any of its Subsidiaries (including the commercialization and exploitation of their products and services),
is infringing upon or misappropriating any Intellectual Property right of any person, (iii) neither the Company nor any of its Subsidiaries
nor the business or activities of the Company or any of its Subsidiaries as such business or activities is being currently conducted infringes
or misappropriates or has, since December 31, 2019, infringed or misappropriated any Intellectual Property rights of any person, and (iv)
to the knowledge of the Company, no person is currently infringing or misappropriating any Intellectual Property owned by the Company
or any of its Subsidiaries.</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> With respect to each material Intellectual Property owned by any Group Company, except as would not reasonably be expected to
have, individually or in the aggregate, a Company Material Adverse Effect, such Group Company is the owner of the right, title and interest
in and to such Intellectual Property, and is entitled to use, transfer and license such Intellectual Property in the continued operation
of its respective business.</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
 &nbsp;&nbsp; &nbsp; &nbsp;&nbsp;&nbsp; </FONT><FONT STYLE="color: windowtext">With respect to each material Intellectual
Property licensed to any Group Company, </FONT>except as would not reasonably be expected to have, individually or in the aggregate,
a Company Material Adverse Effect, <FONT STYLE="color: windowtext">(i) such Group Company has the right to use such Intellectual
Property in the continued operation of its respective business in accordance with the terms of the license agreement governing such
Intellectual Property, and (ii)&nbsp;as of the date of this Agreement, to the knowledge of the Company, no party to any license of
such Intellectual Property is in material breach thereof or default thereunder.</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">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 10%"></TD><TD STYLE="width: 10%; text-align: left">Section 3.15</TD><TD STYLE="text-align: justify; width: 80%"><U>Privacy
and Data Security</U>.</TD>
</TR></TABLE>

<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 would not reasonably
be expected to have, individually or in the aggregate, a Company Material Adverse Effect, each Group Company complies, and at all times
have complied, with all applicable Privacy Laws and with applicable Privacy Policies.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10%"></TD><TD STYLE="width: 10%">Section&nbsp;3.16</TD><TD STYLE="width: 80%"><U>Taxes</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each Group Company has, in all material respects, duly and timely filed (taking into account any extension of time within which
to file) Tax Returns and reports required to be filed by it and has paid and discharged all Taxes required to be paid or discharged (whether
or not reflected on a Tax Return), other than such payments as are being contested in good faith by appropriate proceedings and for which
adequate reserves have been established on the Company&rsquo;s financial statements in accordance with GAAP. All such Tax Returns are
true, accurate and complete in all material respects.</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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
As of the date of this Agreement, no Tax authority or agency or other Governmental Authority is asserting in writing or, to the
knowledge of the Company, threatening to assert against any Group Company any material deficiency or claim for any material Taxes or interest
thereon or penalties in connection therewith in all material respects. There are no pending or, to the knowledge of the Company, threatened
Actions for the assessment or collection of any material Taxes against any Group Company. No Group Company has granted any waiver of any
statute of limitations with respect to, or any extension of a period for the assessment of, any material Tax.</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Except as (i) would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect, or
(ii) as set forth in <U>Section 3.16(c)</U> of the Company Disclosure Schedule, as of the date of this Agreement, no audit or other examination
or administrative, judicial or other proceeding of, or with respect to, any Tax Return or Taxes of any Group Company is currently in progress,
and no Group Company, to the knowledge of the Company, has been notified of any written request from any Tax Governmental Authority for
such an upcoming audit or other examination or administrative, judicial or other proceeding with respect to Tax Return or Taxes.</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each
Group Company has, in accordance with applicable Law, duly registered with the relevant Governmental Authority, obtained and
maintained the validity of all national and local tax registration certificates and complied in all material respects with all
requirements imposed by such Governmental Authorities. Each submission made by or on behalf of any Group Company to any Governmental
Authority in connection with obtaining Tax exemptions, Tax holidays, Tax deferrals, Tax incentives or other preferential Tax
treatments or Tax rebates was accurate and complete in all material respects at the time of its submission.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10%"></TD><TD STYLE="width: 10%">Section&nbsp;3.17</TD><TD STYLE="width: 80%"><U>Material Contracts</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>For purposes of this Agreement, &ldquo;<U>Material Contracts</U>&rdquo; means all of the following types of Contracts to which
any Group Company is a party as of the date 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 0pt 0.5in; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any Contract that would be required to be filed by the Company pursuant to Item 4 of the Instructions to Exhibits of Form 20-F
under the Exchange Act;</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"></P>

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<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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any Contract relating to the formation, creation, operation, management or control of a partnership, joint venture, limited liability
company or similar arrangement, that is material to the business of the Group Companies, taken as a whole, with a third party;</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any Contract for the acquisition or disposition of properties or assets of the Company or any of its Subsidiaries that have a fair
market value or purchase price of more than US$6,000,000 (by merger, purchase or sale of assets or stock or otherwise) or pursuant to
which the Company or any of its Subsidiaries have continuing, indemnification, guarantee, &ldquo;earn-out&rdquo; or other contingent payment
obligations;</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any non-competition Contract or other Contract that purports to limit, curtail or restrict in any material respect the ability
of the Company or any of its Subsidiaries to compete in any geographic area, industry or line of business that is material to the Company
and its Subsidiaries, taken as a whole; or</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">(v)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any Contract that contains restrictions with respect to (A)&nbsp;payment of dividends or any distribution with respect to equity
interests of the Company or any of its Subsidiaries, (B) pledging of share capital of the Company or any of its Subsidiaries, other than
the Control Documents, or (C)&nbsp;issuance of guarantee by the Company or any of its Subsidiaries.</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; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="color: windowtext">Except as would not reasonably be expected to have, individually or in the aggregate, a Company
Material Adverse Effect, (i) each Material Contract is a legal, valid and binding obligation of a Group Company, as applicable, in full
force and effect and enforceable against the such Group Company in accordance with its terms, subject to the Enforceability Exceptions;</FONT>
(ii) no Group Company and, to the knowledge of the Company, no counterparty, is or is alleged to be in breach or violation of, or default
under, any Material Contract; and (iii) within the last twelve (12) months prior to the date hereof, no Group Company has received any
written claim of default under any such Material Contract and, to the Company&rsquo;s knowledge, no fact or event exists that would give
rise to any claim of default under any Material Contract<FONT STYLE="color: windowtext">.</FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10%"></TD><TD STYLE="width: 10%">Section&nbsp;3.18</TD><TD STYLE="width: 80%"><U>Anti-Takeover Provisions</U>.</TD></TR></TABLE>

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




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Company is not party to
a shareholder rights agreement, &ldquo;poison pill&rdquo; or similar anti-takeover agreement or plan. The Company Board has taken all
necessary action so that any takeover, anti-takeover, moratorium, &ldquo;business combination,&rdquo; &ldquo;fair price,&rdquo; &ldquo;control
share&rdquo; or other similar Laws enacted under any Laws applicable to the Company other than the CICA (each, a &ldquo;<U>Takeover Statute</U>&rdquo;)
does not, and will not, apply to this Agreement or the Transactions.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 10%"></TD><TD STYLE="width: 10%; text-align: left">Section 3.19</TD><TD STYLE="text-align: justify; width: 80%"><U>Interested Party Transactions</U>.</TD>
</TR></TABLE>

<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">The Company has disclosed
in the Company SEC Reports each material Contract between a Group Company or any of its Subsidiaries, on the one hand, and any &ldquo;related
party&rdquo; (as such term is defined in Item 404 of Regulation S-K promulgated under the Exchange Act) of the Company, one the other
hand, entered into during fiscal years covered by such Company SEC Reports, in each case that is required to be disclosed pursuant to
Item 404 of Regulation S-K promulgated under the Exchange Act, other than for (a) payment of salary or fees for services rendered in the
capacity of an officer, director or employee of any Group Company, (b) reimbursement for expenses incurred on behalf of any Group Company
and (c) other employee benefits, including Contracts entered into under the Company Share Plans.</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>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10%"></TD><TD STYLE="width: 10%">Section&nbsp;3.20</TD><TD STYLE="width: 80%"><U>Brokers</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Except for the Financial Advisor,
no broker, finder or investment banker is entitled to any brokerage, finder&rsquo;s or other fee or commission in connection with the
Transactions based upon arrangements made by or on behalf of the Company.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 10%"></TD><TD STYLE="width: 10%; text-align: left">Section 3.21</TD><TD STYLE="text-align: justify; width: 80%"><U>Control
Documents</U>.</TD>
</TR></TABLE>

<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">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
To the knowledge of the Company, (i) each party to any of the Control Documents has full power and authority to enter into, execute
and deliver such Control Document to which it is a party and each other agreement, certificate, document and instrument to be executed
and delivered by it pursuant to the Control Documents and to perform the obligations of such party thereunder, and (ii) the execution
and delivery by such party of each Control Document to which it is a party and the performance by such party of its obligations thereunder
have been duly authorized by all requisite actions on the part 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">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> (i) Each Control Document is in full force and effect and to the knowledge of the Company, no party to any Control Document is
in material breach or default in the performance or observance of any of the terms or provisions of such Control Document, and (ii) as
of the date of this Agreement, none of the parties to any Control Document has sent or received any written communication regarding termination
of or intention not to renew any Control Document, and no such termination or non-renewal has been threatened in writing by any of the
parties thereto.</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>There have been no Action initiated by any Governmental Authority or any other person in writing, pending or, to the knowledge
of the Company, threatened against any of the Controlled Entities and other Group Companies that (i) challenge the validity or enforceability
of the Control Documents, individually or taken as a whole, (ii) challenge the legality of the &ldquo;variable interest entity&rdquo;
structure or the ownership structure as set forth in the Control Documents, or (iii) claim that any of the Control Documents or the ownership
structure thereof violates any Laws of the PRC in any material respect.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10%"></TD><TD STYLE="width: 10%">Section&nbsp;3.22</TD><TD STYLE="width: 80%"><U>No Other Representations or Warranties</U>.</TD></TR></TABLE>

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




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 148.5pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 148.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Except for the representations
and warranties contained in this &#8206;Article&nbsp;III, each of Parent and Merger Sub acknowledges that neither the Company nor any
other person on behalf of the Company makes any other express or implied representation or warranty with respect to any Group Company
or its business, or with respect to any information provided to Parent, Merger Sub or any of their respective Affiliates or Representatives
in connection with the Transactions, notwithstanding the delivery or disclosure to Parent, Merger Sub or any of their respective Affiliates
or Representatives of any documentation, forecasts or other information with respect to any one or more of the foregoing. Neither the
Company nor any other person on behalf of the Company will have or be subject to any liability or indemnity obligations to Parent, Merger
Sub, their respective Affiliates or Representatives resulting from the distribution or disclosure or failure to distribute or disclose
to Parent, Merger Sub or any of its Affiliates or Representatives, or their use of, any information, unless and to the extent such information
is expressly included in the representations and warranties contained in this &#8206;Article&nbsp;III.</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: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">Article&nbsp;IV<U><BR>
<BR>
REPRESENTATIONS AND WARRANTIES OF PARENT AND MERGER SUB</U></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Parent and Merger Sub hereby,
jointly and severally, represent and warrant to the Company that:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 6%"></TD><TD STYLE="width: 10%">Section&nbsp;4.01</TD><TD STYLE="width: 84%"><U>Corporate Organization</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each of Parent and Merger Sub (i) is an exempted company duly incorporated, validly existing and in good standing under the laws
of the Cayman Islands and (ii) has the requisite corporate power and authority to carry on its business as it is now being conducted and
as contemplated in this Agreement except, with respect to (ii), where the failure to have such power and authority would not, individually
or in the aggregate, prevent or materially delay consummation of any of the Transactions by Parent or Merger Sub or otherwise be materially
adverse to the ability of Parent or Merger Sub to perform their obligations under the Transaction Documents. Each of Parent and Merger
Sub has made available to the Company (i) complete and correct copies of its memorandum and articles of association as currently in effect,
and (ii) a true and complete list of all directors and officers (if any) of Parent and Merger Sub, each as of the date hereof.</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each of Parent and Merger Sub was formed solely for the purpose of engaging in the Transactions and has no, assets, liabilities
or obligations of any nature other than those incidental to its formation and capitalization and pursuant to the Transaction Documents
and the Transactions.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 6%"></TD><TD STYLE="width: 10%">Section&nbsp;4.02</TD><TD STYLE="width: 84%"><U>Authorization</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Each of Parent and
Merger Sub has all necessary corporate power and authority to execute and deliver this Agreement, to perform its obligations
hereunder and to consummate the Transactions. The execution and delivery of this Agreement by Parent and Merger Sub and the
consummation by Parent and Merger Sub of the Transactions have been duly and validly authorized and approved by all necessary
corporate action, and no other corporate proceedings on the part of Parent or Merger Sub are necessary to authorize or approve this
Agreement and the Plan of Merger or to consummate the Transactions (other than the filings, notifications and other obligations and
actions described in <U>Section &#8206;4.03(b)</U>). This Agreement has been duly and validly executed and delivered by Parent and
Merger Sub and, assuming due authorization, execution and delivery by the Company, constitutes a legal, valid and binding obligation
of each of Parent and Merger Sub, enforceable against each of Parent and Merger Sub in accordance with its terms, subject to the
Enforceability Exceptions. No vote or consent of the holders of any class or series of share capital of Parent is necessary to
approve this Agreement or the Transactions, other than the approval of Kidon Limited as the sole shareholder of Parent.</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>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 6%"></TD><TD STYLE="width: 10%">Section&nbsp;4.03</TD><TD STYLE="width: 84%"><U>No Conflict; Required Filings and Consents</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The execution and delivery of this Agreement and the Plan of Merger by each of Parent and Merger Sub do not, and the performance
of this Agreement and the Plan of Merger by each of Parent and Merger Sub will not, (i) conflict with or violate the memorandum and articles
of association of either Parent or Merger Sub, (ii) assuming that all consents, approvals, authorizations and other actions described
in <U>Section &#8206;4.03(b)</U> have been obtained and all filings and obligations described in <U>Section &#8206;4.03(b)</U> have been
made, conflict with or violate any Law applicable to Parent or Merger Sub or by which any property or asset of either of them is bound
or affected, or (iii) result in any <FONT STYLE="color: windowtext">breach</FONT> of, or constitute a default (or an event which, with
notice or lapse of time or both, would become a default) under, or give to others any rights of termination, amendment, acceleration or
cancellation of, or result in the creation of a Lien or other encumbrance on any property or asset of Parent or Merger Sub pursuant to,
any Contract or obligation to which Parent or Merger Sub is a party or by which Parent or Merger Sub or any property or asset of either
of them is bound or affected, except, with respect to clauses (ii) and (iii), for any such conflicts, violations, breaches, defaults or
other occurrences which would not, individually or in the aggregate, prevent or materially delay consummation of any of the Transactions
by Parent or Merger Sub or otherwise be materially adverse to the ability of Parent and Merger Sub to perform their respective obligations
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">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The execution and delivery of this Agreement by Parent and Merger Sub do not, and the performance of this Agreement by Parent and
Merger Sub and the consummation by Parent and Merger Sub of the Transactions will not, require any consent, approval, authorization or
permit of, or filing with or notification to, any Governmental Authority, except for the Requisite Approvals.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 6%"></TD><TD STYLE="width: 10%">Section&nbsp;4.04</TD><TD STYLE="text-align: justify; width: 84%"><U>Capitalization</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The authorized share capital
of Parent is US$50,000 consisting of 5,000,000,000 shares, par value of US$0.00001 per share. As of the date of this Agreement, one (1)
share of Parent is issued and outstanding, all of which have been duly authorized, validly issued, fully paid and non-assessable and are
wholly owned by Kidon Limited. The authorized share capital of Merger Sub is US$50,000 consisting of 5,000,000,000 shares, par value of
US$0.00001 per share. As of the date of this Agreement, one (1) share of Merger Sub is issued and outstanding, all of which have been
duly authorized, validly issued, fully paid and non-assessable. All of the issued and outstanding share capital of Merger Sub is owned
by Parent. All outstanding share capital of Merger Sub is owned by Parent free and clear of all Liens. Other than contemplated by the
Transaction Documents, there are no options, warrants, convertible debt or other convertible instruments or other rights, agreements,
arrangements or commitments of any character relating to the issued or unissued share capital of Parent or Merger Sub or obligating Parent
or Merger Sub to issue or sell any share capital of, or other equity interests in, Parent or Merger Sub.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 6%"></TD><TD STYLE="width: 10%">Section&nbsp;4.05</TD><TD STYLE="width: 84%"><U>Available Funds and Financing</U>.</TD></TR></TABLE>

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




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 148.5pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 148.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Parent has delivered to the Company true and complete copies of (i) an executed equity commitment letter (in form and substance
reasonably acceptable to the Company), dated as of the date hereof, from the Sponsor (the &ldquo;<FONT STYLE="font-weight: normal; color: black"><U>Financing
Document</U></FONT>&rdquo;), pursuant to which the Sponsor has agreed, subject to the terms and conditions thereof, to provide the financing
amounts set forth therein for the purpose of financing the Merger Consideration (the &ldquo;<FONT STYLE="font-weight: normal; color: black"><U>Financing,</U></FONT>&rdquo;
and any Person providing the Financing pursuant to the Financing Document(s) being a &ldquo;<FONT STYLE="font-weight: normal; color: black"><U>Financing
Source</U></FONT>&rdquo;), and (ii) the Support Agreements. Each of the Financing Document and the Support Agreements provides that the
Company is a third-party beneficiary and entitled to enforce such Financing Document and Support Agreements in accordance with the terms
and conditions set forth therein.</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: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>As of the date hereof, (i) each of the Financing Document and the Support Agreement, in the form so delivered, is in full force
and effect and is a legal, valid and binding obligation of the parties thereto (as applicable and subject to the Enforceability Exceptions),
and (ii) neither the Financing Document nor the Support Agreements has been amended or modified and no such amendment or modification
is contemplated except for any such amendment or modification as permitted in accordance with <U>Section 6.07(c)</U>, and the respective
commitments contained in the Financing Document and the Support Agreements have not been withdrawn, terminated or rescinded in any respect
and no such withdrawal, termination or restriction is contemplated. Assuming (A) the Financing is funded in accordance with the Financing
Document and the transactions contemplated by the Support Agreements are consummated in accordance with the terms therein, and (B) the
satisfaction of the conditions to the obligation of Parent and Merger Sub to consummate the Merger as set forth in <U>Section &#8206;7.01</U>
and <U>Section &#8206;7.02</U> or the waiver of such conditions, immediately prior to the Effective Time, Parent and Merger Sub will have
available to them, all funds necessary for Parent, Merger Sub and the Surviving Company to pay (1) the Merger Consideration, and (2) any
other amounts required to be paid in connection with the consummation of the Transactions upon the terms and conditions contemplated hereby
and all related fees and expenses associated therewith that are payable at the Effective Time. The Financing Document contains all of
the conditions precedent to the obligations of the parties thereunder to make the Financing available to Parent or Merger Sub on the terms
and conditions contained therein. There are no side letters or other Contracts or arrangements (oral or written) related to the Financing
(except for customary engagement letters, if any and as applicable (a true and complete copy of each of which has been provided to the
Company)) relating to Parent or Merger Sub, on the one hand, and providers of the Financing, on the other hand, other than the Financing
Document.</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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Parent or Merger Sub will pay when due all fees arising under the Financing Document as and when they become due and payable thereunder.</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>As of the date hereof, no event has occurred which, with or without notice, lapse of time or both, would or would be reasonably
expected to constitute a default or breach on the part of Merger Sub, Parent or any of their respective Affiliates, or to the knowledge
of Parent, any other parties thereto, under the Financing Document; or would otherwise excuse or permit the financing sources under any
Financing Document to refuse to fund their respective obligations under the Financing Document. As of the date of this Agreement, Parent
and Merger Sub do not have any reason to believe that any of the conditions to the Financing will not be satisfied or that the Financing
will not be available to Parent or Merger Sub at the Effective Time.</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> Parent and Merger Sub hereby acknowledge and agree that it shall not be a condition to Closing for Parent or Merger Sub to obtain
the Financing and reaffirm their obligation to consummate the Transactions hereby, irrespective and independent of the availability of
the Financing, on the terms and subject to the conditions set forth in this Agreement.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 6%"></TD><TD STYLE="width: 10%">Section&nbsp;4.06</TD><TD STYLE="width: 84%"><U>Proxy Statement</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">None of the information supplied
by or on behalf of Parent or Merger Sub for inclusion or incorporation by reference in (a) the Schedule 13E-3 (including any amendment
or supplement thereto or document incorporated by reference therein), at the time such document is filed with the SEC, or at any time
such document is amended or supplemented or (b) the Proxy Statement (including any amendment or supplement thereto or document incorporated
by reference therein), at the date of first mailing the Proxy Statement to the shareholders of the Company or any amendments or supplements
thereto, and at the time of the Shareholders Meeting, will 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.</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>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 6%"></TD><TD STYLE="width: 10%">Section&nbsp;4.07</TD><TD STYLE="width: 84%"><U>Solvency</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Neither Parent nor Merger
Sub is entering into the transactions contemplated hereby and by the Transaction Documents with the intent to hinder, delay or defraud
either present or future creditors. Assuming the satisfaction or the waiver of the conditions of Parent and Merger Sub to consummate the
Merger as set forth herein, immediately after giving effect to all of the Transactions, including the payment of the Merger Consideration
and the payment of all other amounts required to be paid in connection with the consummation of the transactions contemplated hereby and
the payment of all related fees and expenses, the Surviving Company will be solvent as of the Effective Time and immediately after the
Effective Time.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 6%"></TD><TD STYLE="width: 10%">Section&nbsp;4.08</TD><TD STYLE="width: 84%"><U>Absence of Litigation</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As of the date of this Agreement,
there are no proceedings pending or, to the knowledge of Parent or Merger Sub, threatened against Parent or Merger Sub or any property
or asset of Parent or Merger Sub and neither Parent nor Merger Sub is subject to any outstanding Order that would, individually or in
the aggregate, prevent or materially delay the consummation of any of the Transactions by Parent or Merger Sub or otherwise be materially
adverse to the ability of Parent or Merger Sub to perform their obligations under the Transaction Documents.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 6%"></TD><TD STYLE="width: 10%">Section&nbsp;4.09</TD><TD STYLE="width: 84%"><U>Ownership of Company Shares</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As of the date hereof, other
than the Excluded Shares, the Company RSUs and the Company Options, which will be cancelled at the Effective Time in accordance this Agreement,
neither Parent, Merger Sub nor any of their respective Affiliates, beneficially own any Shares or other securities or any other economic
interest (through derivative securities or otherwise) of the Company or any options, warrants, or other rights to acquire Shares or other
securities of, or any economic interest (through derivative securities or otherwise) in the Company.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 6%"></TD><TD STYLE="width: 10%">Section&nbsp;4.10</TD><TD STYLE="width: 84%"><U>Independent Investigation</U>.</TD></TR></TABLE>

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




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Parent and Merger Sub have
conducted their own independent investigation, review and analysis of the business, operations, assets, liabilities, results of operations,
financial condition and prospects of the Company and its Subsidiaries, which investigation, review and analysis was performed by Parent,
Merger Sub, and their respective Affiliates and Representatives. Each of Parent and Merger Sub acknowledges that, as of the date hereof,
it, its Affiliates and their respective Representatives have been provided adequate access to the personnel, properties, facilities and
records of the Company and its Subsidiaries for such purpose. In entering into this Agreement, each of Parent and Merger Sub acknowledges
that it has relied solely upon the aforementioned investigation, review and analysis and not on any statements, representations or opinions
of any of the Company, its Affiliates or their respective Representatives (except the representations, warranties, covenants and agreements
of the Company expressly 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">&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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    <DIV STYLE="break-before: page; 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: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 6%"></TD><TD STYLE="width: 10%">Section&nbsp;4.11</TD><TD STYLE="width: 84%"><U>Buyer Group Contracts</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Except for the Support Agreements,
the Limited Guarantees, the Financing Document, the Interim Investor Agreement, the Personal Guarantee and the Consortium Agreement, there
are (a) no side letters or other Contracts (whether oral or written) relating to the Transactions between two or more of the following
persons: each of Parent, Merger Sub, the Rollover Shareholders, the Guarantors or any of their respective Affiliates (excluding the Company
and its Subsidiaries), and (b) no Contracts (whether oral or written) (i) between Parent, Merger Sub, the Rollover Shareholders, the Guarantors
or any of their Affiliates (excluding the Company and its Subsidiaries), on the one hand, and any of the Company&rsquo;s or its Subsidiaries&rsquo;
directors, officers, employees or shareholders (excluding the Rollover Shareholders), on the other hand, that relate in any way to the
Transactions, (ii) pursuant to which any shareholder of the Company would be entitled to receive consideration of a different amount or
nature than the Merger Consideration, (iii) pursuant to which any shareholder of the Company has agreed to vote to approve this Agreement
or the Merger or has agreed to vote against any Superior Proposal, or (iv) pursuant to which any person has agreed to provide, directly
or indirectly, equity capital to Parent, Merger Sub or the Company to finance in whole or in part the Transactions.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 6%"></TD><TD STYLE="width: 10%">Section&nbsp;4.12</TD><TD STYLE="text-align: justify; width: 84%"><U>Non-Reliance on Company Estimates</U>.&nbsp;</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Company has made available
to Parent and Merger Sub, and may continue to make available, certain estimates, projections and other forecasts for the business of the
Company and its Subsidiaries and certain plan and budget information. Each of Parent and Merger Sub acknowledges that these estimates,
projections, forecasts, plans and budgets and the assumptions on which they are based were prepared for specific purposes and may vary
significantly from each other. Each of Parent and Merger Sub further acknowledges that there are uncertainties inherent in attempting
to make such estimates, projections, forecasts, plans and budgets, that Parent and Merger Sub are taking full responsibility for making
their own evaluation of the adequacy and accuracy of all estimates, projections, forecasts, plans and budgets so furnished to them (including
the reasonableness of the assumptions underlying such estimates, projections, forecasts, plans and budgets), and that neither Parent nor
Merger Sub is relying on any estimates, projections, forecasts, plans or budgets furnished by the Company, its Subsidiaries or their respective
Affiliates and Representatives, and neither Parent nor Merger Sub shall, and shall cause its Affiliates and their respective Representatives
not to, hold any such Person liable with respect thereto.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 6%"></TD><TD STYLE="width: 10%">Section&nbsp;4.13</TD><TD STYLE="width: 84%"><U>Brokers</U>.&nbsp;</TD></TR></TABLE>

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

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




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 148.5pt; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 148.5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">No broker, finder or investment
banker is entitled to any brokerage, finder&rsquo;s or other fee or commission in connection with the Transactions based upon arrangements
made by or on behalf of Parent, Merger Sub or the Rollover Shareholders, and the Company has no liability whatsoever for any of such fee
or commission prior to the Effective Time.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 6%"></TD><TD STYLE="width: 10%">Section&nbsp;4.14</TD><TD STYLE="width: 84%"><U>Limited Guarantees</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Each of the Limited Guarantees
has been duly and validly executed and delivered by each Guarantor executing such Limited Guarantee and is in full force and effect, and
assuming the due authorization, execution and delivery by the Company, constitutes a legal, valid and binding obligation of such Guarantor
that executed it, enforceable against such Guarantor in accordance with the terms thereof subject to the Enforceability Exceptions, and
no event has occurred that, with or without notice, lapse of time or both, would constitute a default on the part of any Guarantor under
the Limited Guarantees.</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>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 6%"></TD><TD STYLE="width: 10%">Section&nbsp;4.15</TD><TD STYLE="width: 84%"><U>No Additional Representations</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Except for the representations
and warranties made by Parent and Merger Sub in this &#8206;<U>Article&nbsp;IV</U>, neither Parent nor Merger Sub nor any other person
on behalf of Parent or Merger Sub makes any other express or implied representation or warranty with respect to Parent or Merger Sub
or their respective business, or any information provided to the Company or any of its Affiliates or Representatives in connection with
the Transactions, notwithstanding the delivery or disclosure to the Company or any of its Affiliates or Representatives of any documentation,
forecasts or other information with respect to any one or more of the foregoing. Neither Parent not Merger Sub will have or be subject
to any liability or indemnity obligations to the Company or its Affiliates resulting from the distribution or disclosure or failure to
distribute or disclose to the Company or any of its Affiliates or Representatives, or their use of, any information, unless and to the
extent such information is expressly included in the representations and warranties contained in this <U>Article&nbsp;&#8206;IV</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: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">Article&nbsp;V<U><BR>
<BR>
CONDUCT OF BUSINESS PENDING THE MERGER</U></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 6%"></TD><TD STYLE="width: 10%">Section&nbsp;5.01</TD><TD STYLE="width: 84%"><U>Conduct of Business by the Company Pending the Merger</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Company agrees that,
from the date of this Agreement until the earlier of the Effective Time and termination of this Agreement pursuant to <U>Article
 &#8206;VIII</U>, except as required by applicable Law or permitted by or contemplated in the Transaction Documents, unless Parent
may otherwise consent in writing (which consent shall not be unreasonably withheld, delayed or conditioned, and for the avoidance of
doubt, such consent of Parent shall be deemed given if approved or directed by the Chairman, in his capacity as the Chairman), (i)
the businesses of the Group Companies shall be conducted in the ordinary course of business consistent with past practice; and (ii)
the Company shall use its reasonable efforts to preserve substantially intact the assets and the business organization of the Group
Companies, to keep available the services of the current officers and key employees of the Group Companies and to maintain in all
material respects the current relationships of the Group Companies with existing customers, suppliers and other Persons with which
any Group Companies has material business relations as of the date hereof. Without limiting the generality of the foregoing, from
the date of this Agreement until the earlier of the Effective Time and termination of this Agreement pursuant to <U>Article
 &#8206;VIII</U>, except as required by applicable Law or permitted by or contemplated in the Transaction Documents, the Company
shall not, and shall procure that no Group Company will, directly or indirectly, do or propose to do any of the following without
the prior written consent of Parent (which consent shall not be unreasonably withheld, delayed or conditioned, and for the avoidance
of doubt, such consent of Parent shall be deemed given if approved or directed by the Chairman, in his capacity as the
Chairman):</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>amend or otherwise change its memorandum and articles of association or equivalent organizational documents;</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>issue, sell, transfer, lease, sublease, license, pledge, dispose of, grant or encumber, or authorize the issuance, sale, transfer,
lease, sublease, license, pledge, disposition, grant or encumbrance of, (i) any shares of any class of any Group Company (other than in
connection with (A) the issuance of Shares upon the exercise of any Company Options or Company RSUs in accordance with their respective
terms, (B) the withholding of securities of the Company to satisfy Tax obligations with respect to Company Options or Company RSUs, (C)&nbsp;the
acquisition by the Company of its securities in connection with the forfeiture of Company Options or Company RSUs, (D)&nbsp;the acquisition
by the Company of its securities in connection with the net exercise of Company Options in accordance with the terms thereof, or (E) any
transaction between or among the Company and its direct or indirect wholly owned Subsidiaries), (ii)&nbsp;any property or assets (whether
real, personal or mixed, and including leasehold interests and intangible property) of any Group Company with a value or purchase price
(including the value of assumed liabilities) in excess of US$5,000,000, except (x) in the ordinary course of business, (y) pursuant to
existing Contracts, or (z) as set forth in <U>Section 5.01(b)</U> of the Company Disclosure Schedule, or (iii) any material Intellectual
Property owned by or licensed to any Group Company, except in the ordinary course of business or pursuant to existing Contracts;</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: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>declare, set aside, make or pay any dividend or other distribution, payable in cash, shares, property or otherwise, with respect
to any of its shares (other than dividends or other distributions from any Subsidiary of the Company to the Company or any of its other
Subsidiaries);</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>reclassify, combine, split, subdivide or redeem, or purchase or otherwise acquire, directly or indirectly, any of its share capital
or securities or other rights exchangeable into or convertible or exercisable for any of its share capital (other than the purchase of
Shares to satisfy obligations under the Company Share Plans, including the withholding of Shares in connection with the exercise of Company
Options or Company RSUs in accordance with the terms and conditions of their respective terms);</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>effect or commence any liquidation, dissolution, scheme of arrangement, merger, consolidation, amalgamation, restructuring, reorganization
or similar transaction involving any Group Company, or create any new Subsidiary, other than the Transactions;</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>acquire any assets, securities or properties, in any single transaction or related series of transactions, for consideration in
excess of US$5,000,000, except for acquisitions in the ordinary course of business or pursuant to existing Contracts;</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> make any capital contribution or investment in any corporation, partnership, other business organization or any division thereof
in excess of US$5,000,000 in any single transaction or related series of transactions other than in the ordinary course of business or
pursuant to existing Contracts;</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>incur, assume, alter, amend or modify any Indebtedness, or guarantee any Indebtedness, in each case, with an amount in excess of
US$5,000,000 in a single transaction or related series of transactions, except for (i) the incurrence or guarantee of Indebtedness under
any Group Company&rsquo;s existing credit facilities or other Contracts as in effect on the date hereof in an aggregate amount not to
exceed the maximum amount authorized under the Contracts evidencing such Indebtedness, (ii)&nbsp;in the ordinary course of business consistent
with past practice, or (iii) any Indebtedness between the Company and its Subsidiaries, or between two or more Subsidiaries of the Company;</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>other than expenditures necessary to maintain assets in good repair consistent with the past practice, authorize, or make any commitment
with respect to, any single capital expenditure which is in excess of US$5,000,000 or capital expenditures which are, in the aggregate,
in excess of US$10,000,000 for the Group Companies taken as a whole;</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: 1in">(j)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>except as required pursuant to any Company Employee Plan or this Agreement, (i) enter into any new employment or compensatory agreements
(including the renewal of any such agreements), or terminate any such agreements, with any Employee of any Group Company other than the
hiring or termination of employees with an aggregate annual compensation of less than US$150,000, (ii)&nbsp;grant or provide any severance
or termination payments or benefits, in each case, in excess of US$150,000, to any Employee of any Group Company other than pursuant to
existing Contracts, (iii) materially increase the compensation, bonus or pension, welfare, severance or other benefits of, pay any bonus,
in each case, in excess of US$150,000, to any Employee of any Group Company, (iv) establish, adopt, amend or terminate any Company Employee
Plan or materially amend the terms of any outstanding Company Options, or (v) take any action to accelerate the vesting or payment, of
compensation or benefits under the Company Employee Plan;</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>issue or grant any Company Option, Company RSUs or awards of other types to any person under the Company Share Plans other than
in the ordinary course of business or pursuant to existing Contract;</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>make any changes with respect to financial accounting policies or procedures in any material respect, including changes affecting
the reported consolidated assets, liabilities or results of operations of the Group Companies, except as required by changes in statutory
or regulatory accounting rules or GAAP or regulatory requirements with respect thereto;</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>enter into, amend, modify, consent to the termination of, or waive any material rights under, any Material Contract (or any Contract
that would be a Material Contract if such Contract had been entered into prior to the date hereof);</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">(n)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>settle
any pending or threatened Action of or against any Group Company (A) for an amount in excess of US$5,000,000 for any single Action,
(B) that would impose any material restrictions on the business or operations of any Group Company, or (C) that is brought by or on
behalf of any current, former or purported holder of any share capital or debt securities of any Group Company relating to the
Transactions, except for, in each case, any Actions occurring in the ordinary course of business;</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">(o)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>permit any material Intellectual Property owned by any Group Company to lapse or to be abandoned, dedicated, or disclaimed, fail
to perform or make any applicable material filings, recordings or other similar actions or filings, fail to pay all required material
fees and Taxes required or advisable to maintain and protect its interest in each and every item of material Intellectual Property owned
by any Group Company, or grant or license or transfer to any Third Party any material Intellectual Property owned by any Group Company;</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>fail to make in a timely manner any filings or registrations with the SEC required under the Securities Act or the Exchange Act
or the rules and regulations promulgated thereunder, except for such filings or registrations in connection with the Transactions where
Parent, Merger Sub, the Rollover Shareholders, the Guarantors or any of their respective Affiliates or Representative fail to furnish,
in a timely manner, any information as the Company or its Representatives may reasonably request;</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">(q)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>make or change any material Tax election, amend any material Tax Return, enter into any closing agreement or seek any ruling from
any Governmental Authority with respect to material Taxes, or make any material change in any method of Tax accounting or Tax accounting
period; 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"></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: 1in">(r)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="color: windowtext">agree to or enter into any Contract or otherwise make a binding commitment, to do any of the foregoing.</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: 0.5in">For the avoidance of doubt,
pandemic or epidemic-related measures reasonably taken by the Group Companies for the purpose of reducing any adverse impact on the businesses
and assets of the Group Companies, including those taken in response to COVID-19, shall not constitute a breach of this &#8206;<U>Section&nbsp;5.01</U>.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 6%"></TD><TD STYLE="width: 10%">Section&nbsp;5.02</TD><TD STYLE="width: 84%"><U>Compliance</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Each party hereto agrees
that, during the period from the date of this Agreement until the earlier of the Effective Time and termination of this Agreement pursuant
to &#8206;<U>Article&nbsp;VIII</U>, it shall not: (i) take any action which is intended to or would reasonably be likely to result in
any of the applicable conditions to effecting the Merger becoming incapable of being satisfied; or (ii) take any action which would,
or would reasonably likely to, individually or in the aggregate, prevent, materially delay or materially impede its ability to consummate
the Merger or the other transactions contemplated by this Agreement.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 6%"></TD><TD STYLE="width: 10%">Section&nbsp;5.03</TD><TD STYLE="width: 84%"><U>No Control of Other Party&rsquo;s Business</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Except as otherwise expressly
provided herein, nothing contained in this Agreement is intended to give Parent or Merger Sub, directly or indirectly, the right to control
or direct the Company&rsquo;s or the Company&rsquo;s Subsidiaries&rsquo; operations prior to the Effective Time. Prior to the Effective
Time, the Company shall exercise, consistent with the terms and conditions of this Agreement, complete control and supervision over its
and its Subsidiaries&rsquo; respective operations.</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: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">Article&nbsp;VI<U><BR>
ADDITIONAL AGREEMENTS</U></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 6%"></TD><TD STYLE="width: 10%">Section&nbsp;6.01</TD><TD STYLE="width: 84%"><U>Proxy Statement and Schedule 13E-3</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>As soon as reasonably practicable following the date of this Agreement, the Company, with the cooperation and assistance of Parent
and Merger Sub, shall prepare a proxy statement relating to the authorization and approval of this Agreement, the Plan of Merger and
the Transactions by the shareholders of the Company (such proxy statement, as amended or supplemented, being referred to herein as the
 &ldquo;<FONT STYLE="font-weight: normal; color: black"><U>Proxy Statement</U></FONT>&rdquo;). Concurrently with the preparation of the
Proxy Statement, the Company, Parent and Merger Sub shall jointly prepare and cause to be filed with the SEC a Rule 13e-3 transaction
statement on Schedule&nbsp;13E-3 relating to the authorization and approval of this Agreement, the Plan of Merger and the Transactions
by the shareholders of the Company (such Schedule 13E-3, as amended or supplemented, being referred to herein as the &ldquo;<FONT STYLE="font-weight: normal; color: black"><U>Schedule
13E-3</U></FONT>&rdquo;). Parent and Merger Sub shall timely furnish all information as the Company may reasonably request in connection
with such actions and preparation of the Proxy Statement and the Schedule 13E-3. Each of the Company, Parent and Merger Sub shall use
its reasonable best efforts so that the Proxy Statement and the Schedule 13E-3 will comply in all material respects with the requirements
of the Exchange Act and the rules and regulations promulgated thereunder. Each of the Company, Parent and Merger Sub shall use its reasonable
best efforts to respond promptly to any comments of the SEC with respect to the Proxy Statement and the Schedule 13E-3. Each of Parent
and Merger Sub shall provide reasonable assistance and cooperation to the Company in the preparation, filing and distribution of the
Proxy Statement, the Schedule 13E-3 and the resolution of comments from the SEC. Upon its receipt of any comments from the SEC or its
staff or any request from the SEC or its staff for amendments or supplements to the Proxy Statement and the Schedule 13E-3, the Company
shall promptly notify Parent and Merger Sub and shall provide Parent with copies of all correspondence between the Company and its representatives,
on the one hand, and the SEC and its staff, on the other hand. Prior to filing the Schedule 13E-3 or mailing the Proxy Statement (or
in each case, any amendment or supplement thereto) or responding to any comments of the SEC with respect thereto, the Company (i) shall
provide Parent and Merger Sub with a reasonable opportunity to review and comment on such document or response and (ii)&nbsp;shall consider
in good faith all additions, deletions or changes reasonably proposed by Parent in good faith. If at any time prior to the Shareholders
Meeting, any information relating to the Company, Parent, Merger Sub or any of their respective Affiliates, officers or directors, is
discovered by the Company, Parent or Merger Sub that should be set forth in an amendment or supplement to the Proxy Statement or the
Schedule 13E-3 so that the Proxy Statement or the Schedule 13E-3 will not 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, the party that discovers such information shall promptly notify the other parties hereto and
an appropriate amendment or supplement describing such information shall be filed with the SEC and, to the extent required by applicable
Law, disseminated to the shareholders of the Company. Nothing in this &#8206;<U>Section&nbsp;6.01</U> is intended to restrict or preclude
the Company Board or the Special Committee from effecting a Change in the Company Recommendation on the terms and subject to the condition
set forth in this Agreement. Notwithstanding anything herein to the contrary, and subject to compliance with the terms of <U>&#8206;Section&nbsp;6.04(d)</U>,
with respect to any disclosure regarding a Change in the Company Recommendation made in accordance with and not in violation of this
Agreement, the Company shall not be required to provide Parent or Merger Sub with the opportunity to review or comment on (or include
comments proposed by Parent or Merger Sub in) the Schedule 13E-3 or the Proxy Statement, or any amendment or supplement thereto, or another
filing by the Company with the SEC, with respect to such disclosure.</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each of Parent, Merger Sub and the Company agrees, as to itself and its respective Affiliates or Representatives, that none of
the information supplied or to be supplied by Parent, Merger Sub or the Company, as applicable, expressly for inclusion or incorporation
by reference in the Proxy Statement, the Schedule 13E-3 or any other documents filed or to be filed with the SEC in connection with the
Transactions, will, as of the time such documents (or any amendment thereof or supplement thereto) are mailed to the holders of Shares
and at the time of the Shareholders Meeting, contain any untrue statement of a material fact, or omit to state any material fact required
to be stated therein in order to make the statements therein, in light of the circumstances under which they were made, not misleading.
Each of Parent, Merger Sub and the Company further agrees that all documents that such party is responsible for filing with the SEC in
connection with the Merger will comply as to form and substance in all material respects with the applicable requirements of the Securities
Act, the Exchange Act and any other applicable Laws and that all information supplied by such party for inclusion or incorporation by
reference in such document will not contain any untrue statement of a material fact, or omit to state any material fact required to be
stated therein in order to make the statements therein, in light of the circumstances under which they were made, not misleading. If at
any time prior to the Effective Time, any event or circumstance relating to Parent, Merger Sub or the Company, or their respective officers
or directors, should be discovered which should be set forth in an amendment or a supplement to the Proxy Statement or the Schedule 13E-3
so that such document 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 are made, not misleading, the party discovering such event or circumstance shall
promptly inform the other parties and an appropriate amendment or supplement describing such event or circumstance shall be promptly filed
with the SEC and, to the extent required by applicable Law, disseminated to the shareholders of the Company; <I>provided</I>, that prior
to such filing, the Company and Parent, as the case may be, shall consult with each other with respect to such amendment or supplement
and shall afford the other party and their Representatives a reasonable opportunity to comment thereon.</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>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.9in">Section&nbsp;6.02</TD><TD><U>Company Shareholders Meeting</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Company shall establish a record date for determining shareholders of the Company entitled to vote at the Shareholders Meeting
(the &ldquo;<FONT STYLE="font-weight: normal; color: black"><U>Record Date</U></FONT>&rdquo;) in consultation with Parent, and shall not
change such Record Date or establish a different record date for the Shareholders Meeting without the prior written consent of Parent,
unless the Company is required to do so by applicable Law. As soon as reasonably practicable after the SEC confirms that it has no further
comments on the Schedule 13E-3, the Company shall mail or cause to be mailed the Proxy Statement to the holders of Shares as of the Record
Date. Subject to <U>Section &#8206;6.02(b)</U>, without the consent of Parent, the authorization and approval of this Agreement, the Plan
of Merger and the Transactions are the only matters (other than procedural matters) that shall be proposed to be voted upon by the shareholders
of the Company at the Shareholders Meeting.</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>As
soon as reasonably practicable but in any event no later than forty (40) days after the date of mailing the Proxy Statement, the
Company shall hold the Shareholders Meeting. Subject to this <U>Section &#8206;6.02</U> and <U>Section &#8206;6.04</U>, the Company
Board shall recommend to holders of the Shares that they authorize and approve this Agreement, the Plan of Merger and the
Transactions and shall include such recommendation in the Proxy Statement. The Company shall use its reasonable best efforts in
accordance with applicable Law and the memorandum and articles of association of the Company to (i) solicit from its shareholders
proxies in favor of the authorization and approval of this Agreement, the Plan of Merger and the Transactions, and (ii) take all
other action necessary or advisable to secure the Requisite Company Vote. In the event that subsequent to the date hereof, the
Company Board makes a Change in the Company Recommendation, the Company shall nonetheless submit this Agreement, the Plan of Merger
and the Transactions, including the Merger, to the holders of the Shares for authorization and approval at the Shareholders Meeting
in accordance with this <U>Section&nbsp;&#8206;6.02</U>, unless this Agreement shall have been terminated in accordance with its
terms prior to the Shareholders Meeting.</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Notwithstanding <U>Section &#8206;6.02(b)</U>, the Company may, and upon Parent&rsquo;s written request shall, adjourn or recommend
the adjournment of the Shareholders Meeting to its shareholders, (i) if and to the extent the Special Committee determines in good faith
that such adjournment or postponement is necessary or advisable to ensure that any required supplement or amendment to the Proxy Statement
is provided to the holders of Shares within a reasonable amount of time in advance of the Shareholders Meeting, (ii) as otherwise required
by applicable Law, or (iii)&nbsp;if as of the time for which the Shareholders Meeting is scheduled as set forth in the Proxy Statement,
there are insufficient Shares represented (in person or by proxy) to constitute a quorum necessary to conduct the business of the Shareholders
Meeting or to vote in favor of the authorization and approval of this Agreement, the Plan of Merger, and the Transactions in order for
the Requisite Company Vote to be obtained. If the Shareholders Meeting is adjourned, the Company shall convene and hold the Shareholders
Meeting as soon as reasonably practicable thereafter, subject to the immediately preceding sentence.</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: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>At the Shareholders Meeting, and any other meeting of the shareholders of the Company called to seek the Requisite Company Vote
or in any other circumstances upon which a vote, consent or other approval (including by written consent) with respect to this Agreement,
the Plan of Merger or the Transactions is sought, Parent and/or Merger Sub shall vote, and shall cause the Rollover Shareholders to vote,
all Shares held directly or indirectly by them as of the date hereof, including the Rollover Shares pursuant to the terms of the Support
Agreements, in favor of the authorization and approval of this Agreement, the Plan of Merger and the Transactions.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.9in">Section&nbsp;6.03</TD><TD><U>Access to Information</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>From the date hereof until the earlier of the Effective Time and termination of this Agreement pursuant to <U>Article &#8206;VIII</U>
and subject to applicable Law and the Confidentiality Agreements, upon reasonable advance notice in writing from Parent, the Company shall
(i) provide to Parent and its Representatives reasonable access during normal business hours to the offices, properties, books and records
of any Group Company, (ii) furnish to Parent and its Representatives such information concerning the Group Companies as Parent may reasonably
request in writing, and (iii) instruct its and its Subsidiaries&rsquo; employees, legal counsel, financial advisors, auditors and other
Representatives to reasonably cooperate with Parent and its Representatives in their investigation. Notwithstanding the foregoing, any
such investigation shall be conducted in such a manner as not to interfere unreasonably with the business or operations of the Company
or its Subsidiaries or otherwise result in any significant interference with the timely discharge by the employees of the Company or its
Subsidiaries of their duties.</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> Notwithstanding anything to the contrary in <U>Section &#8206;6.03(a)</U>, nothing in this Agreement shall require the Company
or any of its Subsidiaries to give access to or disclose any information to Parent or any of its Representatives if such access or disclosure
would (i) violate any Contract entered into prior to the date of this Agreement, applicable Law or Order (provided that the Company shall
use its reasonable efforts to cause such information be provided in a manner that would not result in such violation), (ii) jeopardize
any attorney-client privilege, work product doctrine or other applicable privilege, or (iii) give a Third Party the right to terminate
or accelerate the rights under a Contract entered into prior to the date of this Agreement (provided that the Company shall use its reasonable
efforts to cause such information be provided in a manner that would not result in such jeopardy for right to terminate or accelerate).</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>All information provided or made available pursuant to this <U>Section &#8206;6.03</U> to Parent or its Representatives shall
be subject to the Confidentiality Agreements and &#8206;<U>Section&nbsp;9.12</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">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>No investigation pursuant to this <U>Section &#8206;6.03</U> shall affect any representation or warranty in this Agreement of any
party hereto or any condition to the obligations of the parties hereto.</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>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.9in">Section&nbsp;6.04</TD><TD><U>No Solicitation of Transactions</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>From
the date hereof until the earlier of the Effective Time and termination of this Agreement pursuant to <U>Article&nbsp;&#8206;VIII</U>,
except pursuant to <U>Section&nbsp;&#8206;6.04(b)</U>, the Company agrees that neither it nor any of its Subsidiaries will, and that
it will cause its and its Subsidiaries&rsquo; Representatives (including any investment banker, attorney or accountant retained by
any Group Company) not to, in each case, directly or indirectly, (i) solicit, initiate, knowingly encourage (including by way of
furnishing nonpublic information concerning any Group Company), or take any other action to knowingly facilitate, any inquiries or
the making of any Competing Proposal, (ii)&nbsp;enter into, maintain or continue discussions or negotiations with, or provide any
nonpublic information concerning any Group Company to, any Third Party in connection with any Competing Proposal, (iii)&nbsp;agree
to, approve, endorse, recommend or consummate any Competing Transaction or enter into any letter of intent or Contract (other than
an Acceptable Confidentiality Agreement) or commitment contemplating or otherwise relating, or that may reasonably be expected to
lead to, to any Competing Transaction, or (iv) grant any waiver, amendment or release under any standstill, confidentiality or
similar agreement to which the Company is a party (and the Company shall promptly take all action necessary to terminate or cause to
be terminated any such waiver previously granted with respect to any provision of any such confidentiality, standstill or similar
agreement and to enforce each such confidentiality, standstill and similar agreement). The Company shall notify Parent in writing,
as promptly as practicable and in any event within forty-eight (48) hours, of any Competing Proposal received by the Company,
specifying (x) the material terms and conditions thereof (including material amendments or proposed material amendments) in
reasonable detail, and (y) the identity of the party making such proposal or offer or inquiry or contact. The Company shall keep
Parent informed, on a current basis, of the status and terms of any such proposal, offer, inquiry, contact or request and of any
material changes in the status and terms of any such proposal, offer, inquiry, contact or request (including the material terms and
conditions thereof). Except as otherwise provided in this <U>Section&nbsp;&#8206;6.04(a)</U> or <U>Section&nbsp;&#8206;6.04(c)</U>,
after the execution and delivery of this Agreement, the Company shall, and shall cause its Subsidiaries and the Representatives of
the Company and its Subsidiaries to, promptly cease and terminate all existing discussions or negotiations with any parties
conducted heretofore with respect to a Competing Transaction, promptly revoke or withdraw access of any Third Party to any data room
containing any nonpublic information concerning any Group Company and request all such Third Parties to promptly return or destroy
all such nonpublic information provided to them. The Company shall not and shall cause its Subsidiaries not to enter into any
confidentiality agreement with any Third Party subsequent to the date of this Agreement that would prohibit the Company from
providing any such information to Parent in accordance with this <U>Section&nbsp;&#8206;6.04(a)</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">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Notwithstanding anything to the contrary in <U>Section &#8206;6.04(a)</U>, at any time prior to the receipt of the Requisite Company
Vote, following the receipt of a Competing Proposal that was not obtained in violation of <U>Section &#8206;6.04</U>, the Company, the
Special Committee and their respective Representatives may:</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; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>communicate with the person or group of persons who has made such proposal or offer solely to clarify and understand the terms
and conditions thereof and to notify such person of the restrictions of this <U>Section&nbsp;&#8206;6.04</U>, to the extent the Special
Committee shall have determined that such communication is necessary to determine whether such Competing Proposal constitutes a Superior
Proposal or could reasonably be expected to result in a Superior Proposal;</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>provide information in response to the request of the person or group of persons who has made such proposal or offer, but only
if prior to providing such information, the Company has received from the person or group of persons so requesting such information an
executed Acceptable Confidentiality Agreement, <I>provided</I>, that the Company shall concurrently make available to Parent any information
concerning the Company and the Subsidiaries that is provided to any such person or group of persons and that was not previously made available
to Parent or its Representatives; and/or</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"></P>

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<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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>engage or participate in any discussions or negotiations with the person or group of persons who has made such proposal or offer;</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; text-align: justify; text-indent: 0.5in"><I>provided</I>, that prior
to taking any actions described in clause (ii) or (iii) above, the Special Committee has (A) determined, in its good faith judgment, after
consultation with its independent financial advisor and outside legal counsel, that such Competing Proposal constitutes or would reasonably
be expected to result in a Superior Proposal, and (B) provided written notice to Parent prior to taking any such action.</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">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Except
as set forth in <U>Section &#8206;6.04(d)</U>, neither the Company Board nor any committee thereof shall (i) (A) change, withhold,
withdraw, qualify or modify, or publicly propose to change, withhold, withdraw, qualify or modify, in a manner adverse to Parent or
Merger Sub, the Company Recommendation, (B) fail to make the Company Recommendation or fail to include the Company Recommendation in
the Proxy Statement, (C) adopt, approve or recommend or publicly propose to adopt, approve or recommend to the shareholders of the
Company a Competing Transaction, (D) if a tender offer or exchange offer that constitutes a Competing Transaction is commenced, fail
to publicly recommend against the acceptance of such tender offer or exchange offer by the Company shareholders within ten (10)
Business Days after Parent so requests in writing (any of the foregoing, a &ldquo;<FONT STYLE="font-weight: normal; color: black"><U>Change
in the Company Recommendation</U></FONT>&rdquo;), or (E) fail to recommend against any Competing Transaction subject to Regulation
14D under the Exchange Act in a Solicitation/Recommendation Statement on Schedule&nbsp;14D-9 within ten (10) Business Days after the
commencement of such Competing Transaction, or (ii) cause or permit the Company or any of its Subsidiaries to enter into any letter
of intent, memorandum of understanding, agreement in principle, merger agreement, acquisition agreement or other or similar document
or Contract with respect to any Competing Transaction other than an Acceptable Confidentiality Agreement entered into in compliance
with <U>Section &#8206;6.04(b) </U>(an &ldquo;<FONT STYLE="font-weight: normal; color: windowtext"><U>Alternative Acquisition
Agreement</U></FONT>&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">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Notwithstanding anything to the contrary set forth in this Agreement, from the date of this Agreement and at any time prior to
the receipt of the Requisite Company Vote, if the Company has received a Competing Proposal that was not obtained in violation of this
<U>Section&nbsp;&#8206;6.04</U> which the Company Board determines, in its good faith judgment acting at the recommendation of the Special
Committee (after consultation with its independent financial advisor and outside legal counsel), that such Competing Proposal constitutes
a Superior Proposal and failure to make a Change in the Company Recommendation with respect to such Superior Proposal would reasonably
be expected to be inconsistent with its fiduciary duties under applicable Law, the Company Board (acting at the recommendation of the
Special Committee) or the Special Committee may, (A) effect a Change in the Company Recommendation and/or (B) authorize the Company to
terminate this Agreement in accordance with <U>Section&nbsp;&#8206;8.03(c)</U> and enter into an Alternative Acquisition Agreement with
respect to that Superior Proposal, but only (i) if the Company shall have complied with the requirements of <U>Section&nbsp;&#8206;6.04(a)</U>
and <U>Section&nbsp;&#8206;6.04(b)</U> with respect to such Competing Proposal in all material respects; (ii) after (A) providing at least
five (5) Business Days&rsquo; (the &ldquo;<FONT STYLE="font-weight: normal; color: windowtext"><U>Superior Proposal Notice Period</U></FONT>&rdquo;)
written notice to Parent (a &ldquo;<FONT STYLE="font-weight: normal; color: windowtext"><U>Notice of Superior Proposal</U></FONT>&rdquo;)
advising Parent that the Company Board has received a Superior Proposal, specifying the material terms and conditions of such Superior
Proposal, identifying the person making such Superior Proposal and indicating that the Company Board intends to effect a Change in the
Company Recommendation and/or authorize the Company to terminate this Agreement in accordance with <U>Section&nbsp;&#8206;8.03(c)</U>,
it being understood that the Notice of Superior Proposal or any amendment or update thereto or the determination to so deliver such notice
shall not constitute a Change in the Company Recommendation, and (B) negotiating with and causing its financial and legal advisors to
negotiate with Parent, Merger Sub and their respective Representatives in good faith (to the extent Parent desires to negotiate) to make
such adjustments in the terms and conditions of this Agreement and the Financing, so that such Competing Proposal would cease to constitute
a Superior Proposal; <I>provided</I> that any material modifications to such Competing Proposal that the Company Board has determined
(acting at the recommendation of the Special Committee) to be a Superior Proposal shall be deemed a new Superior Proposal and the Company
shall be required to again comply with the requirements of this <U>Section&nbsp;&#8206;6.04(d)</U>, <I>provided</I>, <I>further</I>, that
with respect to the new written notice to Parent, the Superior Proposal Notice Period shall be deemed to be a three (3) Business Day period
rather than the five (5) Business Day period first described above; and (iii)&nbsp;following the end of such five (5) Business Day period
or three (3) Business Day period (as applicable), the Company Board shall have determined, in its good faith judgment acting at the recommendation
of the Special Committee (after consultation with its independent financial advisor and outside legal counsel), that taking into account
any changes to this Agreement and the Financing proposed in writing by Parent and Merger Sub in response to the Notice of Superior Proposal
or otherwise, that the Competing Proposal giving rise to the Notice of Superior Proposal continues to constitute a Superior Proposal.
None of the Company, the Company Board or any committee of the Company Board shall enter into any Contract with any Third Party that restricts
the Company from giving prior notice to Parent of its intention to effect a Change in the Company Recommendation.</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: 1in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Notwithstanding
anything to the contrary set forth in this Agreement, prior to the time, but not after, the Requisite Company Vote is obtained, the
Company Board, acting at the recommendation of the Special Committee, or the Special Committee, may make a Change in the Company
Recommendation and/or terminate this Agreement for a reason unrelated to a Competing Proposal if (i) the Company Board determines,
acting at the recommendation of the Special Committee, in good faith after consultation with its independent financial advisor and
outside legal counsel that, in light of an Intervening Event, failure to make a Change in the Company Recommendation and/or
terminate this Agreement would be inconsistent with its fiduciary duties under applicable Law; (ii) the Company notifies Parent in
writing, at least five (5) Business Days in advance, that it intends to effect a Change in the Company Recommendation and/or
terminate this Agreement in light of such Intervening Event, which notice shall specify the nature and circumstances of the
Intervening Event in reasonable detail; (iii) after providing such notice and prior to making such Change in the Company
Recommendation in connection with such Intervening Event, the Company shall negotiate in good faith with Parent during such five (5)
Business Day period (to the extent that Parent desires to negotiate) to make such revisions to the terms of this Agreement as would
permit the Company Board not to effect a Change in the Company Recommendation or termination of this Agreement in light of such
Intervening Event; and (iv) the Company Board shall have considered in good faith any changes to this Agreement and shall have again
determined, acting at the recommendation of the Special Committee, in good faith, taking into account any changes to this Agreement
proposed in writing by Parent and Merger Sub in response to the aforementioned notice, that it would continue to be inconsistent
with the Company Board&rsquo;s fiduciary duties under applicable Law not to effect the Change in the Company Recommendation or
termination of this Agreement in light of the Intervening Event.</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Nothing contained in this <U>&#8206;Section&nbsp;6.04</U> shall be deemed to prohibit the Company, the Company Board or the Special
Committee from (i) complying with its disclosure obligations under U.S. federal or state or non-U.S. Law with regard to a Competing Transaction,
including taking and disclosing to its shareholders a position contemplated by Rule 14e-2(a), Rule 14d-9 or Item 1012(a) of Regulation
M-A promulgated under the Exchange Act (or any similar communication to shareholders in connection with the making or amendment of a
tender offer or exchange offer); <I>provided</I>, that any such disclosure (other than a &ldquo;stop, look and listen&rdquo; communication
of the type contemplated by Rule 14d-9(f) under the Exchange Act) that does not include an express rejection of any applicable Competing
Transaction shall be deemed to be a Change in the Company Recommendation, or (ii) making any &ldquo;stop-look-and-listen&rdquo; communication
of the type contemplated by Rule 14d-9(f) under the Exchange Act.</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: 1in">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Unless and until this Agreement is terminated pursuant to <U>Article &#8206;VIII</U>, the Company shall not submit to the vote
of its shareholders any Competing Transaction or enter into any Alternative Acquisition Agreement.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.9in">Section&nbsp;6.05</TD><TD><U>Directors&rsquo; and Officers&rsquo; Indemnification and Insurance</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>The
indemnification, advancement and exculpation provisions of the indemnification agreements by and between the Company and its
directors and officers, as in effect at the Effective Time, shall survive the Merger and shall not be amended, repealed or otherwise
modified for a period of six (6) years from the Effective Time in any manner that would adversely affect the rights thereunder of
the current or former directors or officers of the Company or any of its Subsidiaries. The Surviving Company and its Subsidiaries
shall (and Parent shall cause the Surviving Company and its Subsidiaries to) honor and fulfill in all respects the obligations of
the Group Companies under (i) any indemnification, advancement of expenses and exculpation provision set forth in any memorandum and
articles of association or comparable organizational documents of the Company or any of its Subsidiaries as in effect on the date of
this Agreement, and (ii) all indemnification agreements between the Company or any of its Subsidiaries and any Indemnified Party.
The memorandum and articles of association of the Surviving Company shall contain provisions no less favorable to the intended
beneficiaries with respect to exculpation and indemnification of liability and advancement of expenses than are set forth in the
memorandum and articles of association of the Company as in effect on the date hereof, and Parent shall cause such provisions not be
amended, repealed or otherwise modified for a period of six (6) years from the Effective Time in any manner that would affect
adversely the rights thereunder of individuals who, at or prior to the Effective Time, were directors, officers, employees,
fiduciaries or agents of the Company, unless such modification shall be required by applicable Law. From and after the Effective
Time, any agreement of any Indemnified Party with the Company or any of its Subsidiaries regarding exculpation or indemnification of
liability or advancement of expenses shall be assumed by the Surviving Company, shall survive the Merger and shall continue in full
force and effect in accordance with its terms.</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Surviving Company shall, and Parent shall cause the Surviving Company to, maintain in effect for six (6) years from the Effective
Time the current directors&rsquo; and officers&rsquo; liability insurance policies (including for acts or omissions occurring in connection
with this Agreement and the consummation of the Transactions) maintained by the Company or any of its Subsidiaries covering each current
or former director or officer and any person who becomes a director or officer of the Company or any of its Subsidiaries prior to the
Effective Time (each, an &ldquo;<U>Indemnified Party</U>&rdquo;) covered as of the Effective Time, on terms no less favorable than those
of such policies in effect on the date hereof; <I>provided</I>, <I>however</I>, that the Surviving Company may substitute therefor policies
of at least the same coverage containing terms, conditions, retentions and limits of liability that are no less favorable than those provided
under the Company&rsquo;s current policies; <I>provided</I>, <I>further</I>, that in no event shall the Surviving Company be required
to expend pursuant to this <U>Section &#8206;6.05(b)</U> more than an amount per year equal to 300% of current annual premiums paid by
the Company for such insurance (the &ldquo;<FONT STYLE="font-weight: normal; color: black"><U>Maximum Annual Premium</U></FONT>&rdquo;),
and if the cost of such insurance policy exceeds such amount, then the Surviving Company shall obtain a policy with the greatest coverage
for a cost not exceeding such amount. In lieu of maintaining the directors&rsquo; and officers&rsquo; liability insurance policies contemplated
by this <U>Section &#8206;6.05(b)</U>, the Company may, at its option, purchase a six (6)-year &ldquo;tail&rdquo; prepaid policy prior
to the Effective Time on terms, conditions, retentions and limits of liability no less advantageous to the Indemnified Parties than the
existing directors&rsquo; and officers&rsquo; liability insurance maintained by the Company so long as the annual cost of such policy
does not exceed the Maximum Annual Premium. If such &ldquo;tail&rdquo; prepaid policies have been obtained by the Company prior to the
Effective Time, the Surviving Company shall, and Parent shall cause the Surviving Company to, maintain such policies in full force and
effect, and continue to honor the respective obligations thereunder, and all other obligations of Parent or Surviving Company under this
<U>Section &#8206;6.05(b)</U> shall terminate.</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: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Subject
to the terms and conditions of this <U>Section &#8206;6.05</U>, from and after the Effective Time, the Surviving Company shall
comply, and Parent shall cause the Surviving Company to comply, with all of the Company&rsquo;s obligations, and each of the
Surviving Company and Parent shall cause its Subsidiaries to comply with their respective obligations to indemnify and hold harmless
(including any obligations to advance funds for expenses) (i) the Indemnified Parties against any and all costs or expenses
(including reasonable attorneys&rsquo; fees and expenses), judgments, fines, losses, claims, damages, liabilities and amounts paid
in settlement in connection with any actual or threatened Action, whether civil, criminal, administrative or investigative
(&ldquo;<FONT STYLE="font-weight: normal; color: black"><U>Damages</U></FONT>&rdquo;), arising out of, relating to or in connection
with (x) the fact that an Indemnified Party is or was a director, officer or employee of the Company or any of its Subsidiaries or
(y) any acts or omissions occurring or alleged to have occurred (including acts or omissions with respect to the approval of this
Agreement or the Transactions or arising out of or pertaining to the Transactions and actions to enforce this provision or any other
indemnification or advancement right of any Indemnified Party) prior to or at the Effective Time, to the extent provided under the
Company&rsquo;s or such Subsidiaries&rsquo; respective organizational and governing documents or agreements in effect on the date
hereof and to the fullest extent permitted by the CICA or any other applicable Law, <I>provided</I>, that such indemnification shall
be subject to any limitation imposed from time to time under applicable Law; and (ii) such Indemnified Parties against any and all
Damages arising out of acts or omissions in such persons&rsquo; official capacity as an officer, director or other fiduciary in the
Company or any of its Subsidiaries arising out of, relating to or in connection with any acts or omissions occurring or alleged to
occur prior to or at the Effective Time in such Indemnified Party&rsquo;s capacity as a director, officer or other fiduciary of the
Company or any of 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">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>In the event the Company or the Surviving Company or any of their respective successors or assigns (i) consolidates with or merges
into any other person and shall not be the continuing or surviving company or entity of such consolidation or merger or (ii) transfers
all or substantially all of its properties and assets to any person, then, and in each such case, proper provision shall be made so that
the successors and assigns of the Company, the Surviving Company, or Parent, as the case may be, shall assume the obligations set forth
in this <U>Section &#8206;6.05</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">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The agreements and covenants contained in this <U>Section &#8206;6.05</U> shall be in addition to any other rights an Indemnified
Party may have under the memorandum and articles of association of the Company or any of its Subsidiaries (or equivalent constitutional
documents), or any agreement between an Indemnified Party and the Company or any of its Subsidiaries, under the CICA or other applicable
Law, or otherwise. The provisions of this <U>Section &#8206;6.05</U> shall survive the consummation of the Merger and are intended to
be for the benefit of, and shall be enforceable by, each of the Indemnified Parties and their heirs and legal representatives, each of
which shall be a third party beneficiary of the provisions of this <U>Section &#8206;6.05</U>. The obligations of Parent and the Surviving
Company under this <U>Section &#8206;6.05</U> shall not be terminated or modified in such a manner as to adversely affect the rights of
any Indemnified Party without the consent of such Indemnified 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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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Nothing in this Agreement is intended to, shall be construed to or shall release, waive or impair any rights to directors&rsquo;
and officers&rsquo; insurance claims under any policy or other agreement that is or has been in existence with respect to the Company
or any of its Subsidiaries or their respective officers, directors and employees, it being understood and agreed that the indemnification
provided for in this <U>Section &#8206;6.05</U> is not prior to or in substitution for any such claims under any such policies.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.9in">Section&nbsp;6.06</TD><TD><U>Notification of Certain Matters</U>.</TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Subject to applicable Law, each of the Company
and Parent shall promptly notify the other in writing of:</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">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any notice or other communication from any person alleging that the consent of such person is or may be required in connection
with the Transactions;</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> any notice or other communication from any Governmental Authority in connection with the Transactions;</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any Actions commenced or, to the knowledge of the Company or the knowledge of Parent, threatened against the Company or any of
its Subsidiaries or Parent and any of its Subsidiaries, as the case may be, that, if pending on the date of this Agreement, would have
been required to have been disclosed by such party pursuant to any of such party&rsquo;s representations and warranties contained herein,
or that relate to such party&rsquo;s ability to consummate the Transactions; and</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>a breach of any representation or warranty or failure to perform any covenant or agreement set forth in this Agreement on the part
of such party having occurred that would cause the conditions set forth in <U>Section &#8206;7.01</U>, <U>Section &#8206;7.02</U> or <U>Section
 &#8206;7.03</U> not to be satisfied;</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">together, in each case, with
a copy of any such notice, communication or Action; <I>provided</I>, that the delivery of any notice pursuant to this <U>Section &#8206;6.06</U>
shall not limit or otherwise affect the remedies available hereunder to the party receiving such notice; <I>provided further</I>, that
failure to give prompt notice pursuant to <U>Section &#8206;6.06(d)</U> shall not constitute a failure of a condition to the Merger set
forth in &#8206;<U>Article&nbsp;VII</U> except to the extent that the underlying breach of a representation or warranty or failure to
perform any covenant or agreement not so notified would, standing alone, constitute such a failure.</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>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.9in">Section&nbsp;6.07</TD><TD><U>Financing</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each of Parent and Merger Sub shall use its reasonable best efforts to take, or cause to be taken, all actions necessary to arrange
and obtain the Financing in a timely manner, including to (i) negotiate definitive agreements, if necessary, with respect to the Financing
on the terms and conditions described in the Financing Document, (ii) maintain in full force and effect the Financing Document until the
Transactions are consummated, (iii) satisfy, or cause to be satisfied, on a timely basis all conditions to the closing of and funding
under the Financing Document applicable to Parent or Merger Sub that are within its control, (iv) draw upon and consummate the Financing
at or prior to the Closing, and (v) fully enforce its rights under the Financing Document.</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>In
the event that any portion of the Financing has become unavailable on the terms and conditions contemplated in the equity commitment
agreement delivered by Parent to the Company and referred to in &#8206;<U>Section&nbsp;4.05(a)</U> (the &ldquo;<FONT STYLE="font-weight: normal; color: windowtext"><U>Equity
Commitment Letter</U></FONT>&rdquo;), (i) Parent shall promptly so notify the Company in writing, and (ii) each of Parent and Merger
Sub shall use its reasonable best efforts to arrange to obtain alternative debt financing (the &ldquo;<FONT STYLE="font-weight: normal; color: windowtext"><U>Alternative
Financing</U></FONT>&rdquo;) from the same or alternative sources as promptly as practicable following the occurrence of such event
on terms and conditions not materially less favorable, in the aggregate, to Parent and Merger Sub than those contained in the Equity
Commitment Letter in an amount, together with the proceeds (if any) under the Equity Commitment Letter and the cash and other
sources of immediately available funds available to Parent and Merger Sub, sufficient for Parent, Merger Sub and the Surviving
Company to pay (x) the Merger Consideration, and (y) any other amounts required to be paid in connection with the consummation of
the Transactions on the terms and conditions contemplated hereby and all related fees and expenses associated therewith that are
payable at the Effective Time, <I>provided</I>, that in no event shall the terms of any Alternative Financing prevent, delay or
materially impede or impair the ability of Parent and Merger Sub to consummate the Transactions in accordance with the terms of this
Agreement. Parent shall promptly enter into (or cause to be entered into) and deliver to the Company true and complete copies of all
Contracts or other arrangements pursuant to which any alternative sources have committed to provide the Alternative Financing (the
 &ldquo;<FONT STYLE="font-weight: normal; color: windowtext"><U>Alternative Financing Documents</U></FONT>&rdquo;), as soon as
practicable after execution thereof, <I>provided</I> that such customary engagement letters and fee letters in connection with the
Alternative Financing, if any and as applicable, may be redacted to omit numerical fee amounts provided therein and with respect to
any other provisions that would not affect the conditions, enforceability, availability, termination or the amount of the Financing.
In the event Alternative Financing is obtained, (1) any reference in this Agreement to (X) the &ldquo;Financing&rdquo; shall be
deemed to include the Alternative Financing, and (Y) the &ldquo;Financing Document&rdquo; shall be deemed to include the Alternative
Financing Documents (and read in its plural form &ldquo;Financing Documents&rdquo;); and (2) the representation and warranty set
forth in <U>Section 4.05</U> relating to Financing and Financing Document shall apply to the Alternative Financing and the
Alternative Financing Documents as of the date the Alternative Financing Documents are delivered to the Company.</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Neither Parent nor Merger Sub shall agree to or permit (i) the termination of, or (ii) any amendments or modifications to, or waivers
of, any condition or other provision under, any Financing Document without the prior written consent of the Company if, with respect to
(ii), such amendments, modifications or waivers of conditions or provisions would: (x) reduce the aggregate amount of the Financing, or
(y) impose new or additional conditions to the Financing or otherwise expand, amend or modify the Financing in a manner that would reasonably
be expected to (A) prevent or delay the ability of Parent or Merger Sub to consummate the Transactions in accordance with the terms of
this Agreement, or (B) adversely impact in any material respect the ability of Parent or Merger Sub to enforce its rights against the
other parties to any Financing Document (it being understood that any amendment or modification in relation to pricing and/or other economic
terms of any Financing Document, to the extent that such amendment or modification does not give rise to the conditions set out in this
<U>&#8206;&#8206;Section&nbsp;6.07(c)</U>(x) and (y) above or does not otherwise affect the enforceability, availability, termination,
conditionality or amount of the financing under the Financing Documents, shall be permitted hereunder).</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: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Parent shall, prior to the Closing, give the Company prompt written notice (A) upon becoming aware of any breach of any provision
of, or termination by any party to any Financing Document, (B) upon the receipt of any written notice or other written communication
from any person with respect to any threatened breach or threatened termination by any party to any Financing Document, (C) upon knowledge
of any dispute or disagreement between or among any parties to the Financing, and (D) if Parent at any time believes that it will not
be able to obtain all or any portion of the Financing on the terms, in the manner, or from the sources contemplated by the Financing
Document.</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Prior
to the Closing, the Company agrees to provide, and shall cause each of its Subsidiaries and each of their respective officers,
employees and representatives to provide, to Parent and Merger Sub, at Parent&rsquo;s sole cost and expense, all reasonable
cooperation as may be requested by Parent or its Representatives in connection with the Alternative Financing and the Transactions,
including without limitation (i) participation in meetings, presentations and due diligence sessions with representatives of Parent
and its Financing or Alternative Financing sources, (ii) assisting in the preparation of bank information memoranda, rating agency
presentations and similar documents reasonably requested by Parent or its Representatives in connection with the Financing or
Alternative Financing, (iii) as promptly as reasonably practicable, furnishing Parent and its sources of the Financing or
Alternative Financing with financial statements reasonably requested by Parent, (iv) reasonably cooperating with advisors,
consultants and accountants of Parent or any sources or potential sources of the Financing or Alternative Financing with respect to
the conduct of any customary examination, appraisal or review of the financial condition or any of the assets or liabilities of the
Company or any of its Subsidiaries, including for the purpose of establishing collateral eligibility and values, (v) assisting and
facilitating the granting of guaranty, security or pledging of collateral related to Financing or Alternative Financing, <I>provided</I>,
that any collateral pledged or security granted by Parent or Merger Sub under any Financing Documents that in any manner involves
the Company or any of its Subsidiaries or any of their respective assets shall be contingent upon the occurrence of the Effective
Time, (vi) taking customary action reasonably necessary to establishing bank and other accounts in connection with, and to enter
into one or more definitive agreements to facilitate, the consummation of the Financing or any Alternative Financing immediately
prior to the Effective Time, provided that such agreements and arrangements shall not become active or take effect until the
Effective Time, and (vii) furnishing Parent and its Representatives promptly with all documentation and other information required
with respect to the Financing or any Alternative Financing under applicable &ldquo;know your customer&rdquo; and anti-money
laundering rules and regulations.</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Notwithstanding anything to the contrary set forth in this Agreement, neither the Company nor any of its Subsidiaries shall be
required to (x) pay any commitment or similar fee or incur any liability with respect to the Financing or Alternative Financing prior
to the Effective Time, (y) be an issuer or other obligor with respect to any Financing or any Alternative Financing prior to the Effective
Time, or (z) take or commit to taking any action that is not contingent upon the occurrence of the Effective Time or would otherwise subject
it to actual or potential liability in connection with the Financing or Alternative Financing prior to the occurrence of the Effective
Time.</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: 1in">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Nothing contained in this <U>&#8206;Section&nbsp;6.07</U> shall require such cooperation to the extent it would require the Company
and its Subsidiaries to incur any expense unless such expense is reimbursed by Parent or Merger Sub. Parent shall, promptly upon request
by the Company, reimburse the Company for all reasonable and documented out-of-pocket costs and expenses (including reasonable attorneys&rsquo;
fees) incurred by the Company or any of its Subsidiaries in connection with the cooperation of the Company and its Subsidiaries contemplated
by this <U>Section&nbsp;6.07</U> and shall indemnify and hold harmless the Company, its Subsidiaries and their respective Representatives
from and against any and all liabilities or losses suffered or incurred by any of them arising from the arrangement of the Financing
or Alternative Financing and any information used in connection therewith (except with respect to any information provided by or on behalf
of the Company or any of its Subsidiaries), except to the extent such liabilities or losses arising out of or resulted from the willful
misconduct of the Company, its Subsidiaries or any of their respective Representatives.</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Nothing in this <U>Section&nbsp;6.07</U> or any other provision of this Agreement shall require, and in no event shall the &ldquo;reasonable
best efforts&rdquo; of Parent or Merger Sub be deemed or construed to require, Parent or Merger Sub to waive any term or condition of
this Agreement.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.9in">Section&nbsp;6.08</TD><TD><U>Further Action; Reasonable Best Efforts</U>.</TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Parent
shall, as soon as reasonably practicable after the date of this Agreement, make or cause to be made promptly the filings, and
thereafter make or cause to be made any other required submissions, with the relevant Governmental Authority with respect to the PRC
Anti-trust Approval. The Company shall fully cooperate with Parent in exchanging such information and providing such assistance as
Parent and Merger Sub may reasonably request in connection with the PRC Anti-trust Approval. The Company, on the one hand, and
Parent, on the other hand, shall, (A) notify the other party(ies) promptly of any communication (whether verbal or written) it or
any of its Affiliates receives from any Governmental Authority in connection with the PRC Anti-trust Approval, (B) permit the other
parties to review in advance, and consult with the other parties on, any proposed filing, submission or communication (redacting
such party&rsquo;s commercial or competitive sensitive information, whether verbal or written) by such party to any Governmental
Authority, and (C) give the other party(ies) the opportunity to attend and participate at any meeting with any Governmental
Authority in respect of any filing, investigation or other inquiry. On the terms and subject to the conditions of this Agreement,
the Company, on the one hand, and Parent and Merger Sub, on the other hand, shall use their respective reasonable best efforts to
take, or cause to be taken, all appropriate action, and to do, or cause to be done, all things necessary, proper or advisable under
applicable Laws or otherwise to consummate and make effective the Transactions, including employing such resources as are necessary
to obtain the Requisite Approvals.</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>In furtherance and not in limitation of the covenants of the parties contained herein and subject to <U>&#8206;Section&nbsp;6.08&#8206;(c)</U>,
if any objections are asserted with respect to the Transactions under any Law or if any suit is instituted (or threatened to be instituted)
by any applicable Governmental Authority or any private party challenging any of the Transactions as violating any Law or which would
otherwise prevent, materially impede or materially delay the consummation of the transactions contemplated hereby, each of Parent, Merger
Sub and the Company shall use its reasonable best efforts to resolve any such objections or suits so as to permit consummation of the
Transactions.</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: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Parent shall use its best efforts to take, or cause to be taken, all appropriate action, and to do, or cause to be done, all things
necessary, proper or advisable under applicable Laws or otherwise to consummate and make effective the Transactions, including, without
limitation, (i) employing such resources as are necessary or desirable to obtain the PRC Anti-trust Approval and (ii) taking any and all
steps necessary to avoid or eliminate each and every impediment under the Anti-Monopoly Law of the PRC and any other applicable Law, that
may be asserted by any Governmental Authority so as to enable the parties hereto to expeditiously consummate the Transactions, including,
committing to and effecting, following the Closing, by consent decree, hold separate orders, or otherwise, the restructuring, reorganization,
sale, divestiture or disposition of such of its assets, properties or businesses.</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each party hereto shall, upon reasonable request by any other parties, furnish such other parties with all information concerning
itself, its Subsidiaries, directors, officers and shareholders and such other matters as may be reasonably necessary or advisable in connection
with the Proxy Statement, the Schedule 13E-3, or any other statement, filing, notice or application made by or on behalf of Parent, Merger
Sub, the Company or any of their respective Subsidiaries to any Governmental Authority (if any) in connection with the Transactions.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.9in">Section&nbsp;6.09</TD><TD><U>Obligations of Merger Sub</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Parent shall cause Merger
Sub to perform its obligations under this Agreement and to consummate the Transactions on the terms and subject to the conditions 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">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 1in">Section&nbsp;6.10</TD><TD><U>Participation in Litigation</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Prior to the Effective Time,
Parent shall give prompt notice to the Company, and the Company shall give prompt notice to Parent, of any Actions commenced or, to the
knowledge of the Company on the one hand and the knowledge of Parent on the other hand, threatened against such party or its directors
which relate to this Agreement and the Transactions. The Company shall give Parent an opportunity to participate in the defense or settlement
of any shareholder Action against the Company or its directors relating to this Agreement or the Transactions, and no such Action shall
be settled without Parent&rsquo;s prior written consent.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.9in">Section&nbsp;6.11</TD><TD><U>Resignations</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">To the extent requested by
Parent in writing at least three (3) Business Days prior to Closing, on the Closing Date, the Company shall use reasonable best efforts
to cause to be delivered to Parent duly signed resignations, effective as of the Effective Time, of the directors of any Group Company
designated by Parent, which shall include a waiver of any claims against any Group Company subject to customary exceptions.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.9in">Section&nbsp;6.12</TD><TD><U>Public Announcements</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The press release announcing
the execution of this Agreement shall be issued only in such form as shall be mutually agreed upon by the Company and Parent. Parent
and the Company shall consult with each other before issuing any press release, having any communication with the press (whether or not
for attribution), making any other public statement or scheduling any press conference or conference call with investors or analysts
with respect to this Agreement or the Transactions, except (A) as may be required by applicable Laws or by any listing agreement with
a national securities exchange, in which case the party proposing to issue such press release or make such public announcement shall
use its reasonable best efforts to consult in good faith with the other parties before issuing such press release or making any such
public announcements, and (B) that the Company shall not be required to obtain the prior agreement of Parent with respect to any public
announcement of the receipt and existence of a Competing Proposal and matters related thereto, or a Change in the Company Recommendation,
in each case made in compliance with <U>&#8206;Section&nbsp;6.04</U>. This <U>&#8206;Section&nbsp;6.12</U> shall terminate upon a Change
in the Company Recommendation.</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>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.9in">Section&nbsp;6.13</TD><TD><U>Stock Exchange Delisting</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Company shall cooperate
with Parent and use reasonable best efforts to take, or cause to be taken, all actions reasonably necessary, proper or advisable under
applicable Laws and rules and policies of Nasdaq to enable the delisting of the Shares and ADSs from Nasdaq and the deregistration of
the Shares and ADSs under the Exchange Act as promptly as practicable after the Effective Time.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.9in">Section&nbsp;6.14</TD><TD><U>Takeover Statutes</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">If any Takeover Statute
is or may become applicable to any of the Transactions, the parties hereto shall use their respective reasonable best efforts (a) to
take all action necessary so that no Takeover Statute is or becomes applicable to any of the Transactions and (b) if any such
Takeover Statute is or becomes applicable to any of the foregoing, to take all action necessary (including, in the case of the
Company and the Company Board, grant all necessary approvals) so that the Transactions may be consummated as promptly as practicable
on the terms contemplated by this Agreement, including all actions to eliminate or lawfully minimize the effects of such Takeover
Statute on the Transactions.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.9in">Section&nbsp;6.15</TD><TD><U>Actions Taken at Direction of Parent or Merger Sub</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Notwithstanding any other
provision of this Agreement to the contrary, the Company shall not be deemed to be in breach of any representation, warranty, covenant
or agreement hereunder, including, without limitation, &#8206;<U>Article&nbsp;III</U>, &#8206;<U>Article&nbsp;V</U> or this <U>&#8206;Article&nbsp;VI
</U>hereof, if the alleged breach results from an action or inaction by the Company specifically directed or approved by Parent, Merger
Sub, the Chairman (in his capacity as the Chairman), or their respective Affiliates or Representatives, regardless of whether there is
any approval by or direction from the Company Board or the Special Committee.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.9in">Section&nbsp;6.16</TD><TD><U>No Amendment to Transaction Documents</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Without the prior written
consent of the Special Committee (acting on behalf of the Company), Parent and Merger Sub shall not, and shall cause its respective Affiliates
not to (i) amend, modify, withdraw, waive or terminate any Transaction Documents to which the Company is not a party in a manner adverse
to the Company or would or would reasonably be expected to prevent or materially delay (a) the consummation by Parent and Merger Sub of
the Merger or any of the other Transactions or (b) the performance by each of Parent and Merger Sub of their respective obligations under
this Agreement, or (ii) enter into or modify any other Contract relating to the Merger or the Transactions in a manner that (x) would
be inconsistent with the terms of any Transaction Documents, or (y) would or would reasonably be expected to prevent or materially delay
(A) the consummation by Parent and Merger Sub of the Merger or any of the other Transactions or (B) the performance by each of Parent
and Merger Sub of their respective obligations under 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"></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>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.5in">&nbsp;</TD>
    <TD STYLE="width: 0.9in">Section&nbsp;6.17</TD>
    <TD><U>SAFE Registration</U>.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></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">The Company shall as soon
as reasonably practicable after the date hereof use its reasonable efforts to (a) assist in the preparation of applications to SAFE by
shareholders of the Company who are PRC residents for the registration of their respective holdings of Shares (whether directly or indirectly)
in accordance with the requirements of applicable SAFE rules, at the cost of such shareholders, including by promptly providing such shareholders
with such information relating to the Group Companies as is required for such application, and (b) to the extent applicable, cause its
Subsidiaries in the PRC to comply with the requirements of such SAFE rules.</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: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">Article&nbsp;VII</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">&nbsp;<U><BR>CONDITIONS
TO THE MERGER</U></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.9in">Section&nbsp;7.01</TD><TD><U>Conditions to the Obligations of Each Party</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The obligations of the Company,
Parent and Merger Sub to consummate the Merger are subject to the satisfaction or waiver (where permissible under applicable Law) of the
following conditions on or prior to the Closing Date:</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><U>Shareholder
Approval</U></FONT>. This Agreement, the Plan of Merger and the Transactions shall have been authorized and approved by holders of
Shares constituting the Requisite Company Vote at the Shareholders Meeting in accordance with the CICA and the Company&rsquo;s
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; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><U>No Injunction</U></FONT>. No Governmental Authority of competent jurisdiction
shall have enacted, issued, promulgated, enforced or entered any Law or award, writ, injunction, determination, rule, regulation, judgment,
decree or executive order (an &ldquo;<FONT STYLE="font-weight: normal; color: black"><U>Order</U></FONT>&rdquo;), whether temporary, preliminary
or permanent, which is then in effect, that has or would have the effect of enjoining, restraining, prohibiting or otherwise making illegal
the consummation of the Merger.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.9in">Section&nbsp;7.02</TD><TD><U>Additional Conditions to the Obligations of Parent
                                            and Merger Sub.</U></TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The obligations of Parent
and Merger Sub to consummate the Merger are subject to the satisfaction or waiver (where permissible under applicable Law) of the following
additional conditions on or prior to the Closing Date:</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><U>Representations and Warranties</U></FONT>. (i) Other than the representations
and warranties of the Company contained in <U>&#8206;Section&nbsp;3.01</U>, <U>&#8206;Section&nbsp;3.03(a)</U>, <U>Section&nbsp;&#8206;3.04</U>
and <U>Section&nbsp;&#8206;3.09</U>, the representations and warranties of the Company contained in this Agreement (without giving effect
to any qualification as to &ldquo;materiality,&rdquo; or &ldquo;Company Material Adverse Effect&rdquo;) shall be true and correct as of
the date hereof and as of the Closing Date, as though made on and as of such date and time (other than representations and warranties
that by their terms address matters only as of a specified time, which shall be true and correct only as of such time), except where the
failure of such representations and warranties of the Company to be so true and correct do not, and would not be reasonably expected to,
constitute a Company Material Adverse Effect, (ii) the representations and warranties set forth in <U>&#8206;Section&nbsp;3.01</U> and
<U>Section&nbsp;&#8206;3.04</U> shall be true and correct in all material respects as of the date hereof and as of the Closing Date, as
though made on and as of such date and time (other than representations and warranties that by their terms address matters only as of
a specified time, which shall be true and correct only as of such time), and (iii) the representations and warranties set forth in <U>&#8206;&#8206;Section&nbsp;3.03(a)</U>
and <U>Section&nbsp;&#8206;3.09</U> shall be true and correct in all respects (except for <I>de minimis</I> inaccuracies in the case of
<U>&#8206;&#8206;Section&nbsp;3.03(a)</U>) as of the date hereof and as of the Closing Date, as though made on and as of such date and
time (other than representations and warranties that by their terms address matters only as of a specified time, which shall be true and
correct only as of such time).</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: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><U>Agreements and Covenants</U></FONT>. The Company shall have performed
or complied in all material respects with all agreements and covenants required by 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; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><U>Dissenting Shareholders</U></FONT>. The holders of no more than 10%
of the Shares shall have validly served and not validly withdrawn a notice of objection under Section 238(2) of the CICA.</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><U>Officer Certificate</U></FONT>. The Company shall have delivered to
Parent a certificate, dated the Closing Date, signed by a senior executive officer of the Company, certifying as to the satisfaction of
the conditions specified in <U>Section &#8206;7.02(a)</U>, <U>Section &#8206;7.02(b)</U>, <U>&#8206;Section&nbsp;7.02&#8206;(c)</U> and
<U>&#8206;Section&nbsp;7.02&#8206;(e)</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">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><U>No Material Adverse Effect</U></FONT>. No Company Material Adverse
Effect shall have occurred since the date of this Agreement and is continuing.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.9in">Section&nbsp;7.03</TD><TD><U>Additional Conditions to the Obligations of the Company</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The obligations of the Company
to consummate the Merger are subject to the satisfaction or waiver (where permissible under applicable Law) of the following additional
conditions on or prior to the Closing Date:</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><U>Representations and Warranties</U></FONT>. The representations and
warranties of Parent and Merger Sub contained in this Agreement shall be true and correct (without giving effect to any qualification
as to &ldquo;materiality&rdquo; or similar standard or qualification set forth therein) as of the date hereof and as of the Closing Date,
as though made on and as of such date and time (other than representations and warranties that by their terms address matters only as
of a specified time, which shall be true and correct only as of such time), except where the failure of such representations and warranties
of Parent and Merger Sub to be so true and correct, individually or in the aggregate, have not, and would not reasonably be expected to,
prevent, materially delay, materially impede or materially impair the ability of Parent and Merger Sub to consummate the Transactions
or perform their obligations under the Transaction Documents.</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><U>Agreements and Covenants</U></FONT>. Each of Parent and Merger Sub
shall have performed or complied in all material respects with all agreements and covenants required by 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; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><U>Officer Certificate</U></FONT>. Parent shall have delivered to the
Company a certificate, dated the date of the Closing, signed by an executive officer of Parent, certifying as to the satisfaction of the
conditions specified in <U>Sections &#8206;7.03(a)</U> and <U>&#8206;7.03(b)</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"></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>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.9in">Section&nbsp;7.04</TD><TD><U>Frustration of Closing Conditions</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Prior to the Long Stop Date,
none of the Company, Parent or Merger Sub may rely on the failure of any condition set forth in <U>&#8206;Article&nbsp;VII</U> to be satisfied
if such failure was caused by such party&rsquo;s failure to act in good faith to comply with this Agreement and consummate the Transactions.</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: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">Article&nbsp;VIII&nbsp;<BR>
<U>TERMINATION</U></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.9in">Section&nbsp;8.01</TD><TD><U>Termination by Mutual Consent</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Agreement may be terminated
and the Transactions may be abandoned at any time prior to the Effective Time by mutual written consent of Parent and the Company with
the approval of their respective boards of directors (or in the case of the Company, acting at the direction of the Special Committee).</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.9in">Section&nbsp;8.02</TD><TD><U>Termination by Either the Company or Parent</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Agreement may be terminated
by either the Company (acting at the direction of the Special Committee) or Parent at any time prior to the Effective Time, if:</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the Effective Time shall not have occurred on or before January 30, 2022 (the &ldquo;<U>Long Stop Date</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">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>any Governmental Authority of competent jurisdiction shall have enacted, issued, promulgated, enforced or entered any final and
non-appealable Order, which has the effect of preventing, prohibiting or otherwise making illegal consummation of the Merger; 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">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the Requisite Company Vote shall not have been obtained at the Shareholders Meeting duly convened therefor and concluded or at
any adjournment or postponement thereof;</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"><I>provided</I>, that the
right to terminate this Agreement pursuant to this <U>Section &#8206;8.02</U> shall not be available to any party whose failure (or, in
the case of Parent, the failure of Parent or Merger Sub) to fulfill any of its obligations under this Agreement has been a primary cause
of, or resulted in, the failure of the Merger to be consummated by the Long Stop Date or the applicable condition(s) being satisfied.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 70.9pt">Section&nbsp;8.03</TD><TD><U>Termination by the Company</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Agreement may be terminated
by the Company (acting at the direction of the Special Committee) at any time prior to the Effective Time, if:</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>a breach of any representation, warranty, agreement or covenant of Parent or Merger Sub set forth in this Agreement shall have
occurred, which breach (i) would give rise to the failure of a condition set forth in <U>Sections 7.01</U> or <U>&#8206;7.03</U> to be
satisfied, and (ii) is incapable of being cured or, if capable of being cured, is not cured by Parent or Merger Sub, as applicable, by
the earlier of the Long Stop Date and thirty (30) days following receipt of written notice of such breach from the Company stating the
Company&rsquo;s intention to terminate this Agreement pursuant to this <U>&#8206;Section&nbsp;8.03&#8206;(a)&#8206;</U> and the basis
of such termination; <I>provided</I>, that the Company shall not have the right to terminate this Agreement pursuant to this <U>&#8206;Section&nbsp;8.03&#8206;(a)</U>
if the Company is then in breach of any representations, warranties, agreements or covenants of the Company hereunder that would give
rise to the failure of a condition set forth in <U>Section &#8206;7.02</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"></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: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>(i) all of the conditions set forth in <U>Sections &#8206;7.01</U> and <U>&#8206;7.02</U> (other than those conditions that by
their nature are to be satisfied by actions taken at the Closing) have been satisfied, (ii) the Company has delivered to Parent an irrevocable
written notice confirming that all of the conditions set forth in <U>Section &#8206;7.03</U> have been satisfied (or that the Company
is waiving any unsatisfied conditions in <U>Section &#8206;7.03</U>) and that it is ready, willing and able to consummate the Closing
and (iii) Parent and Merger Sub fail to complete the Closing within ten (10) Business Days following the later of (x) date on which the
Closing should have occurred pursuant to <U>Section &#8206;1.02</U> and (y) the date on which the foregoing notice is delivered to Parent;</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>prior to the receipt of the Requisite Company Vote, (i) the Company Board (acting at the recommendation of the Special Committee)
or the Special Committee shall have authorized the Company to terminate this Agreement and enter into an Alternative Acquisition Agreement
with respect to a Superior Proposal pursuant to <U>Section &#8206;6.04(d)</U>, and (ii) the Company concurrently with or immediately after
the termination of this Agreement enters into the Alternative Acquisition Agreement with respect to the Superior Proposal referred to
in the foregoing clause (i); <I>provided</I>, that the Company shall not be entitled to terminate this Agreement pursuant to this <U>&#8206;Section&nbsp;8.03&#8206;(c)</U>
unless the Company has (A) complied with <U>&#8206;&#8206;Section&nbsp;6.04</U> in all material respects, and (B) complied with <U>Section
 &#8206;8.06</U> and concurrently with or immediately after such termination, pays the Company Termination Fee; 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">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> pursuant to <U>&#8206;Section&nbsp;6.04(e)</U>, <I>provided</I>, that concurrently with or immediately after such termination,
the Company pays the Company Termination Fee payable pursuant to <U>&#8206;Section&nbsp;8.06(a)</U>.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 70.9pt">Section&nbsp;8.04</TD><TD><U>Termination by Parent</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">This Agreement may be terminated by Parent at any
time prior to the Effective Time, if:</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">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>a breach of any representation, warranty, agreement or covenant of the Company set forth in this Agreement shall have occurred,
which breach (i) would give rise to the failure of a condition set forth in <U>Sections 7.01</U> or <U>&#8206;7.02</U> to be satisfied,
and (ii) is incapable of being cured or, if capable of being cured, is not cured by the Company by the earlier of the Long Stop Date and
thirty (30) days following receipt of written notice of such breach from Parent stating Parent&rsquo;s intention to terminate this Agreement
pursuant to this <U>&#8206;Section&nbsp;8.04&#8206;(a)</U> and the basis of such termination; <I>provided</I>, that Parent shall not have
the right to terminate this Agreement pursuant to this <U>&#8206;Section&nbsp;8.04&#8206;(a)</U> if either Parent or Merger Sub is then
in breach of any representations, warranties or covenants of Parent or Merger Sub hereunder that would give rise to the failure of a condition
set forth in <U>&#8206;Sections&nbsp;7.01</U> or <U>&#8206;7.03</U>; 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">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the Company Board or the Special Committee shall have effected a Change in the Company Recommendation.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 70.9pt">Section&nbsp;8.05</TD><TD><U>Effect of Termination</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In the event of the termination
of this Agreement pursuant to &#8206;<U>Article&nbsp;VIII</U>, this Agreement shall forthwith become void, and there shall be no liability
under this Agreement on the part of any party hereto (or any Representative of such party); <I>provided</I>, that the terms of <U>Section
 &#8206;6.03(c)</U>, &#8206;<U>Section&nbsp;6.03(d)</U>, <U>&#8206;Section&nbsp;6.07(g)</U>, <U>Section &#8206;6.12</U>, <U>&#8206;Article&nbsp;VIII</U>
and &#8206;<U>Article&nbsp;IX</U> shall survive any termination 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"></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>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 70.9pt">Section&nbsp;8.06</TD><TD><U>Termination Fee</U>.&nbsp;</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>In the event that:</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 0pt 0.5in; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>(A) a Competing Proposal relating to a Competing Transaction shall have been made or proposed (and not withdrawn), after the date
hereof and prior to the Shareholders Meeting (or prior to the termination of this Agreement if there has been no Shareholders Meeting),
(B) following the occurrence of an event described in the preceding clause (A), this Agreement is terminated by the Company or Parent
pursuant to &#8206;<U>Section&nbsp;8.02(a)</U> or <U>&#8206;Section&nbsp;8.02(c)</U>, and (C) within twelve (12) months after the termination
of this Agreement, the Company or any of its Subsidiaries consummates or enters into a definitive agreement in connection with such Competing
Transaction, whether or not such Competing Transaction was the same Competing Transaction referred to in clause&nbsp;(A); <I>provided</I>,
that for purposes of this <U>Section &#8206;8.06(a)</U>, all references to &ldquo;20%&rdquo; in the definition of &ldquo;Competing Transaction&rdquo;
shall be deemed to be references to &ldquo;50%&rdquo;;</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-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>this Agreement is terminated by Parent pursuant to <U>&#8206;Section&nbsp;8.04</U>; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; 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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>this Agreement is terminated by the Company pursuant to <U>&#8206;Section&nbsp;8.03(c)</U> or <U>Section&nbsp;8.03(d)</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; text-align: justify; text-indent: 0.5in">then the Company shall pay,
or cause to be paid, to Parent or its designees an amount in cash equal to US$3,421,020.93 (the &ldquo;<FONT STYLE="font-weight: normal"><U>Company
Termination Fee</U></FONT>&rdquo;) by wire transfer of same day funds as promptly as possible (but in any event (x) within two (2) Business
Days after such termination in the case of a termination referred to in clause (ii) above, (y) at least two (2) Business Days prior to
and as a condition of the consummation by the Company of a Competing Transaction or entry by the Company into the definitive agreement
in connection with a Competing Transaction in the case of a termination referred to in clause (i) above, or (z) prior to, concurrently
with or immediately after the termination of this Agreement in case of a termination pursuant to clause&nbsp;&#8206;(iii) above); it being
agreed that in no event shall the Company be required to pay the Company Termination Fee more than once.</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Subject to <U>Section &#8206;9.08</U>, Parent will pay, or cause to be paid, to the Company or its designees an amount in cash
equal to US$6,842,041.87 (the &ldquo;<FONT STYLE="font-weight: normal; color: black"><U>Parent Termination Fee</U></FONT>&rdquo;) if this
Agreement is terminated by the Company pursuant to <U>Section &#8206;8.03(a)</U> or <U>&#8206;Section&nbsp;8.03(b)</U>, such payment to
be made as promptly as possible (but in any event within two (2) Business Days after such termination by wire transfer of same day funds);
it being agreed that in no event shall Parent be required to pay the Parent Termination Fee more than once.</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Except as otherwise specified in <U>Section &#8206;8.06(d)</U>, all expenses incurred in connection with this Agreement and the
Transactions shall be paid by the party incurring such expenses, whether or not the Merger or any other Transaction is 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">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>In the event that the Company fails to pay the Company Termination Fee, or Parent fails to pay the Parent Termination Fee, when
due and in accordance with the requirements of this Agreement, the Company or Parent, as the case may be, shall reimburse the other party
for reasonable costs and expenses actually incurred or accrued by the other party (including fees and expenses of counsel) in connection
with the collection under and enforcement of this <U>Section &#8206;8.06</U>, together with interest on such unpaid Company Termination
Fee or Parent Termination Fee, as the case may be, commencing on the date that the Company Termination Fee or Parent Termination Fee,
as the case may be, became due, at the prime rate as published in The Wall Street Journal on such date plus 1.00% or a lesser rate that
is the maximum permitted by applicable Law. Such collection expenses shall not otherwise diminish in any way the payment obligations hereunder.</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: 1in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each of the Company, Parent and Merger Sub acknowledges that (i)&nbsp;the agreements contained in this <U>Section &#8206;8.06</U>
are an integral part of the Transactions; (ii)&nbsp;to the extent relevant, the damages resulting from termination of this Agreement under
circumstances where a Company Termination Fee or Parent Termination Fee is payable are uncertain and incapable of accurate calculation
and therefore, the amounts payable pursuant to <U>Section &#8206;8.06(a)</U> or <U>Section &#8206;8.06(b)</U> would otherwise not be a
penalty but rather would constitute amounts akin to liquidated damages in a reasonable amount that would compensate Parent or the Company,
as the case may be, for the efforts and resources expended and opportunities foregone while negotiating this Agreement and in reliance
on this Agreement and on the expectation of the consummation of the Transactions, and (iii)&nbsp;without the agreements contained in this
<U>Section &#8206;8.06</U>, the parties hereto would not have entered into 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">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(i)&#9;Subject
to <U>Section &#8206;9.08</U>, the Financing Document and the Limited Guarantees, the Company&rsquo;s right to (i) terminate this
Agreement and receive the Parent Termination Fee pursuant to <U>Section &#8206;8.06(b)</U> and the guarantee of such obligations
pursuant to the Limited Guarantees (subject to their terms, conditions and limitations), (ii) if applicable, receive reimbursement
and indemnification pursuant to <U>&#8206;Section&nbsp;6.07(g)</U>, and (iii) if applicable, receive reimbursement and interest
pursuant to <U>Section &#8206;8.06(d)</U> (such <FONT STYLE="color: windowtext">reimbursement, indemnification, costs and expenses
in clauses (ii) and (iii), collectively, the &ldquo;<U>Company Reimbursement</U>&rdquo;) shall be the sole and exclusive remedy of
any Group Company and all members of the Company Group against (A) Parent, Merger Sub, Chairman, Chairman Entities, the Guarantors
or the Rollover Shareholders, or (B) the former, current and future direct or indirect holders of any equity, general or limited
partnership or limited partnership or liability company interest, controlling persons, management companies, portfolio companies,
incorporators, Representatives, Affiliates, members, managers, general or limited partners, stockholders, successors or assignees of
Parent, Merger Sub, Chairman, Chairman Entities, the Guarantors or any Rollover Shareholder</FONT>, (C) any Financing Source or
other lender or prospective lender, lead arranger, arranger, agent or representative of or to Parent, Merger Sub or the Guarantors,
or (D) any former, current or future direct or indirect holders of any equity, general or limited partnership or limited liability
company interest, controlling persons, management companies, portfolio companies, incorporators, directors, officers, employees,
agents, advisors, attorneys, representatives, Affiliates, members, managers, general or limited partners, stockholders, successors
or assignees of any of the foregoing <FONT STYLE="color: windowtext">(clauses (A) through (D) of this <U>Section &#8206;8.06(f)</U>,
collectively, the &ldquo;<FONT STYLE="font-weight: normal"><U>Parent Group</U></FONT>&rdquo;), for any loss or damage suffered as a
result of any breach of any representation, warranty, covenant or agreement or failure to perform hereunder or other failure of the
Merger or the other Transactions to be consummated. For the avoidance of doubt, subject to &#8206;<U>Section&nbsp;9.08</U>, neither
Parent nor any other member of the Parent Group shall have any liability for monetary damages of any kind or nature or arising in
any circumstance in connection with this Agreement or any of the Transactions (including the</FONT> Financing Document, the Support
Agreements <FONT STYLE="color: windowtext">and the Limited Guarantees) other than the payment of the Parent Termination Fee pursuant
to <U>Section &#8206;8.06(b)</U> and the Company Reimbursement, and in no event shall any Group Company, the direct or indirect
shareholders of the Company or any other Group Company, or any of their respective Affiliates, members, managers, partners,
Representatives, stockholders, successors or assignees of the foregoing (collectively, the &ldquo;<FONT STYLE="font-weight: normal"><U>Company
Group</U></FONT>&rdquo;), seek, or permit to be sought, on behalf of any member of the Company Group, any monetary damages from any
member of the Parent Group in connection with this Agreement or any of the Transactions (including the </FONT>Financing Document,
the Support Agreements <FONT STYLE="color: windowtext">and the Limited Guarantees), other than (without duplication) from Parent or
Merger Sub to the extent provided in <U>Section &#8206;8.06(b)</U>, <U>Section &#8206;8.06(d)</U> and <U>&#8206;Section&nbsp;6.07(g)</U>,
or the Guarantors to the extent provided in the relevant Limited Guarantee.</FONT> This provision was specifically bargained for and
is intended to be for the benefit of, and shall be enforceable by, each member of the Parent Group.</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Subject
to <U>Section &#8206;9.08</U>, Parent&rsquo;s right to terminate this Agreement and receive payment from the Company of the Company
Termination Fee pursuant to <U>Section &#8206;8.06(a)</U> and expenses under <U>Section &#8206;8.06(d)</U> shall be the sole and
exclusive remedy (whether at law, in equity, in contract, in tort or otherwise) of any member of the Parent Group against any member
of the Company Group for any loss or damage suffered as a result of any breach of any representation, warranty, covenant or
agreement or failure to perform hereunder or other failure of the Merger to be consummated. Neither the Company nor any other member
of the Company Group shall have any liability for monetary damages of any kind or nature or arising in any circumstance in
connection with this Agreement or any of the Transactions other than the payment by the Company of the Company Termination Fee
pursuant to <U>Section &#8206;8.06(a) </U>and the costs and expenses under <U>Section &#8206;8.06(d)</U>, and in no event shall any
of Parent, Merger Sub or any other member of the Parent Group seek, or permit to be sought, on behalf of any member of the Parent
Group, any monetary damages from any member of the Company Group in connection with this Agreement or any of the Transactions, other
than (without duplication) from the Company to the extent provided in <U>Section &#8206;8.06(a)</U> and <U>Section
 &#8206;8.06(d)</U>. This provision was specifically bargained for and is intended to be for the benefit of, and shall be enforceable
by, each member of the Company Group.</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">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Notwithstanding anything to the contrary in this Agreement, the Financing Documents, the Support Agreements and the Limited Guarantees
or any other document contemplated thereby or any document or instrument delivered in connection hereunder or thereunder (collectively,
the &ldquo;<U>Transaction Documents</U>&rdquo;), but subject to <U>Section &#8206;9.08</U>, the maximum aggregate liability, whether in
equity or at law, in Contract, in tort or otherwise, of the Parent Group collectively (A) under this Agreement or any other Transaction
Document, (B) in connection with the failure of the Merger or the other transactions contemplated hereunder or under the Transaction Documents
(including the Financing) to be consummated or (C) in respect of any representation or warranty made or alleged to have been made in connection
with this Agreement or any other Transaction Document, shall not exceed under any circumstances an amount equal to the sum of (i) the
Parent Termination Fee, if any, due and owing to the Company pursuant to <U>Section &#8206;8.06(b)</U> and (ii) the Company Reimbursement.</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; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Notwithstanding anything to the contrary in this Agreement or the other Transaction Documents, but subject to <U>&#8206;Section&nbsp;9.08</U>,
the maximum aggregate liability, whether in equity or at law, in Contract, in tort or otherwise, of the Company Group collectively (A)
under this Agreement or any other Transaction Document, (B) in connection with the failure of the Merger or the other transactions contemplated
hereunder or under the Transaction Documents (including the Financing) to be consummated, or (C) in respect of any representation or warranty
made or alleged to have been made in connection with this Agreement or any other Transaction Document, shall not exceed under any circumstances
an amount equal to the sum of (i) the Company Termination Fee, if any, due and owing to Parent pursuant to <U>&#8206;Section&nbsp;8.06(a)</U>
and (ii) the amounts, if any, due and owing under <U>&#8206;Section&nbsp;8.06&#8206;(d)</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"></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: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">Article&nbsp;IX&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in"><U>GENERAL
PROVISIONS</U></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 70.9pt">Section&nbsp;9.01</TD><TD><U>Survival</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The representations, warranties
and agreements in this Agreement and in any certificate delivered pursuant hereto shall terminate at the earlier of the Effective Time
and termination of this Agreement pursuant to &#8206;<U>Article&nbsp;VIII</U>, except that this <U>Section &#8206;9.01</U> shall not limit
any covenant or agreement of the parties hereto which by its terms contemplates performance after the Effective Time or termination of
this Agreement, including the agreements set forth in <U>&#8206;Article&nbsp;I</U> and <U>&#8206;Article&nbsp;II</U>, <U>&#8206;Section&nbsp;6.03(c)</U>,
 &#8206;<U>Section&nbsp;6.03(d)</U>, <U>Section &#8206;6.05</U>, &#8206;<U>Section&nbsp;6.06</U>, <U>&#8206;Section&nbsp;6.07(g)</U>, <U>&#8206;Section&nbsp;6.12</U>,
<U>&#8206;Article&nbsp;VIII</U> and this <U>&#8206;Article&nbsp;IX</U>.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 70.9pt">Section&nbsp;9.02</TD><TD><U>Notices</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">All notices, requests,
claims, demands and other communications hereunder shall be in writing and shall be given (and shall be deemed to have been duly
given upon receipt) by delivery in person, by facsimile or email, or by international overnight courier to the respective parties at
the following addresses (or at such other address for a party as shall be specified in a notice given in accordance with this <U>Section
 &#8206;9.02</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-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>if
to Parent or Merger Sub:</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 0pt 103.5pt">Address: 6F, No.1, Andingmenwai Street, Litchi Tower, Chaoyang
District, Beijing 100011, China</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 103.5pt">Email Address: hansy@tedu.cn</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 103.5pt">Tel: +86 010 62135687</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 103.5pt">Attn: Mr. Han Shaoyun</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 103.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">with a copy to (which shall not constitute notice):</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 0pt 103.5pt">Skadden, Arps, Slate, Meagher &amp; Flom LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 103.5pt">c/o 42/F Edinburgh Tower, The Landmark</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 103.5pt">15 Queen&rsquo;s Road Central</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 103.5pt">Hong Kong</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 103.5pt">Attention: Z. Julie Gao, Esq.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 103.5pt">Email: Julie.Gao@skadden.com</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 103.5pt">Skadden, Arps, Slate, Meagher &amp; Flom LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 103.5pt">30th Floor, China World Office 2</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 103.5pt">1 Jianguomenwai Avenue</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 103.5pt">Beijing 100004, People&rsquo;s Republic of China</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 103.5pt">Attention: Peter X. Huang, Esq.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 103.5pt">Email: Peter.Huang@skadden.com</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if to the Company:</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 0pt 103.5pt">No. 1 Andingmenwai Street<BR>
Litchi Tower</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 103.5pt">Chaoyang District</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 103.5pt">Beijing 100011</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 103.5pt">People&rsquo;s Republic of China</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">with a copy to (which shall not constitute notice):</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 103.5pt">Gibson, Dunn &amp; Crutcher LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 103.5pt">Unit 1301, Tower 1, China Central Place</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 103.5pt">No. 81 Jianguo Road, Chaoyang District</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 103.5pt">Beijing, 100025, P.R.C.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 103.5pt">Attention: Fang Xue, Esq.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 103.5pt">Tel +86 10 6502 8600</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 103.5pt">Fax +86 10 6502 8510</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 103.5pt">Email: fxue@gibsondunn.com</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>if to the Special Committee, addressed to the care of the Company, with a copy (which shall not constitute notice) to:</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 0pt 103.5pt">Gibson, Dunn &amp; Crutcher LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 103.5pt">Unit 1301, Tower 1, China Central Place</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 103.5pt">No. 81 Jianguo Road, Chaoyang District</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 103.5pt">Beijing, 100025, P.R.C.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 103.5pt">Attention: Fang Xue, Esq.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 103.5pt">Tel +86 10 6502 8600</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 103.5pt">Fax +86 10 6502 8510</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 103.5pt">Email: fxue@gibsondunn.com</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 70.9pt">Section&nbsp;9.03</TD><TD><U>Certain Definitions</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>For purposes of this Agreement:</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: 0.5in">&ldquo;<U>Acceptable Confidentiality
Agreement</U>&rdquo; means a confidentiality agreement that contains provisions that are no less favorable in the aggregate to the Company
than those contained in the Confidentiality Agreements; <I>provided</I>, that such agreement and any related agreements shall not include
any provision calling for any exclusive right to negotiate with such party or having the effect of restricting the Company from satisfying
its obligations under 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">&ldquo;<U>Affiliate</U>&rdquo;
of a specified Person means (i) any other Person that, directly or indirectly through one or more intermediaries, controls, is controlled
by, or is under common control with, such specified Person, and (ii) with respect to any natural person, the term &ldquo;Affiliate&rdquo;
shall also include any member of the immediate family of such natural person. For this purpose and for the purpose of this Agreement,
 &ldquo;control&rdquo; (including, with its correlative meanings, &ldquo;controlled by&rdquo; and &ldquo;under common control with&rdquo;)
means the possession, directly or indirectly, of the power to direct or cause the direction of management or policies of a Person, whether
through the ownership of securities or partnership or other ownership interests, by contract or otherwise; <I>provided</I>, that, for
the purpose of this Agreement, (x) Parent, Merger Sub, the Rollover Shareholders, the Guarantors and their respective Affiliates (excluding
the Group Companies) shall not be deemed to be Affiliates of the Company and/or its Subsidiaries, and vice versa, and (y) the Chairman
and the Chairman Entities shall be deemed to be Affiliates of either Parent or 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"></P>

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    <DIV STYLE="break-before: page; 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: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>beneficial owner</U>&rdquo;
or &ldquo;<U>beneficially own</U>&rdquo; shall have the meaning provided in Section 13(d) of the Exchange Act and the rules and regulations
thereunder.</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">&ldquo;<U>Business Day</U>&rdquo;
means any day other than a Saturday, Sunday or other day on which the banks in New York City, the Cayman Islands, Hong Kong or the People&rsquo;s
Republic of China are authorized by Law to be closed.</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-indent: 0.5in">&ldquo;<U>Chairman</U>&rdquo; means Mr. Shaoyun
Han, a citizen of the PRC, the Chairman of the Company.</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">&ldquo;<U>Chairman Entities</U>&rdquo;
means collectively, Connion Capital Limited, a company organized and existing under the laws of the British Virgin Islands, Learningon
Limited, a company organized and existing under the laws of the British Virgin Islands, Techedu Limited, a company organized and existing
under the laws of the British Virgin Islands, and Moocon Education Limited, a company organized and existing 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">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Class A Ordinary
Share</U>&rdquo; means Class A ordinary shares, par value US$0.001 per share, in the share capital of the Company.</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">&ldquo;<U>Class B Ordinary
Share</U>&rdquo; means Class B ordinary shares, par value US$0.001 per share, in the share capital of the Company.</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">&ldquo;<U>Company Disclosure
Schedule</U>&rdquo; means the disclosure schedule delivered by the Company to Parent and Merger Sub on 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">&ldquo;<U>Company Employee
Plan</U>&rdquo; means any written plan, program, policy, Contract or other arrangement providing for compensation, severance, termination
pay, deferred compensation, performance awards, share or share-related awards, fringe benefits or other employee benefits or remuneration
of any kind that is or has been maintained, contributed to or required to be contributed to by any Group Company for the benefit of any
current or former employee, director or officer of such Group Company, other than any employment Contract or compensatory agreement with
a current or former employee, director or officer which is not maintained for the benefit of any group or class of employees.</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">&ldquo;<U>Company
Material Adverse Effect</U>&rdquo; means any fact, event, circumstance, change, condition, occurrence or effect
(&ldquo;<U>Effect</U>&rdquo;) that, individually or in the aggregate with all other Effects, is or would reasonably be expected to
(a) have a material adverse effect on the business, financial condition, assets, liabilities, properties or results of operations of
the Company and its Subsidiaries taken as a whole or (b) prevent or materially delay the consummation of the Transactions or
otherwise be materially adverse to the ability of the Company to perform its material obligations under this Agreement; <I>provided</I>, <I>however</I>,
that in the case of clause (a) only, no Effects arising out of or resulting from any of the following shall be taken into account in
determining whether a Company Material Adverse Effect has occurred or is reasonably expected to occur: (i) geopolitical conditions,
any outbreak or escalation of war or major hostilities, any act of sabotage or terrorism, natural or man-made disasters, pandemic
(including COVID-19), epidemic or other public health crises, or other force majeure events, (ii) changes in Laws, GAAP or
enforcement or interpretation thereof, in each case proposed, adopted or enacted after the date of this Agreement, (iii) changes or
conditions that generally affect the industry and market in which the Company and its Subsidiaries operate, (iv) changes in the
financial, credit or other securities or capital markets, or in general economic, business, regulatory, legislative or political
conditions, (v) any announcement, disclosure, pendency or consummation of the Transactions, including any initiation of shareholder
litigation or any other legal proceeding relating to this Agreement and/or the Transactions, (vi) any action taken, and/or omission
to take any action, by the Company or any of its Subsidiaries at the express request or with the written consent of Parent, Merger
Sub, the Chairman, the Chairman Entities or any of their respective Affiliates, (vii) any action taken by any Group Company that is
required by this Agreement or the failure by any Group Company to take any action that is prohibited by this Agreement, (viii) any
breach of this Agreement or other Transaction Documents by Parent, Merger Sub, the Chairman, the Rollover Shareholders, the
Guarantors or any of their respective Affiliates, (ix) any failure to meet any internal or public projections, forecasts, guidance,
estimates, milestones, budgets or internal or published predictions of revenue, earnings, cash flow or cash position (but excluding
the underlying circumstances or reasons for that failure), (x) any decline in the market price, or change in trading volume, of the
capital stock of the Company (but excluding the underlying circumstances or reasons for that decline or change) or (xi) any change
or prospective change in the Company&rsquo;s credit ratings (but excluding the underlying circumstances or reasons for such change);
except, in the case of clause (i), (ii), (iii) or (iv), to the extent having a materially disproportionate effect on the Company and
its Subsidiaries, taken as a whole, relative to other participants affected by such events that are in the industry in which the
Company and its Subsidiaries operates (in which case the incremental materially disproportionate impact or impacts may be taken into
account in determining whether there has been a Company Material Adverse Effect).</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">&ldquo;<U>Company Option</U>&rdquo;
means each option to purchase Shares granted under the Company Share Plans at or prior to the Effective Time whether or not such option
has become vested at or prior to the Effective Time in accordance with the terms 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">&ldquo;<U>Company RSU</U>&rdquo;
means each restricted share unit or other right to acquire Shares granted under the Company Share Plans at or prior to the Effective Time
whether or not such restricted share unit has become vested at or prior to the Effective Time in accordance with the terms 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-indent: 0.5in">&ldquo;<U>Company Share Plans</U>&rdquo; means,
collectively, the 2008 Share Plan of the Company and the 2014 Share Plan of the Company.</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">&ldquo;<U>Competing Proposal</U>&rdquo;
means any bona fide written offer, proposal, or indication of interest (other than an offer, proposal, or indication of interest by Parent)
that constitutes or may reasonably be expected to lead to a Competing Transaction.</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">&ldquo;<U>Competing Transaction</U>&rdquo;
means any of the following (other than the Transactions): (i) any merger, consolidation, share exchange, business combination, scheme
of arrangement, amalgamation, recapitalization, liquidation, dissolution or other similar transaction involving the Company or any of
its Subsidiaries whose assets, individually or in the aggregate, constitute 20% or more of the consolidated assets of the Company or to
which 20% or more of the total revenue or net income of the Company are attributable; (ii) any sale, lease, exchange, transfer or other
disposition of assets or businesses that constitute or represent 20% or more of the total revenue, net income or assets of the Company
and its Subsidiaries, taken as a whole; (iii) any sale, exchange, transfer or other disposition of 20% or more of any class of Equity
Securities of the Company, or securities convertible into or exchangeable for 20% or more of any class of Equity Securities of the Company;
(iv) any tender offer or exchange offer that, if consummated, would result in any person beneficially owning 20% or more of any class
of Equity Securities of the Company; or (v) any combination of the foregoing.</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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    <DIV STYLE="break-before: page; 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: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Confidentiality
Agreements</U>&rdquo; means, collectively, (i) the confidentiality agreement among the Company, the Special Committee and the Chairman
dated January 8, 2021, (ii) the confidentiality agreement among the Company, the Special Committee and Ascendent Capital Partners (Asia)
Limited, an affiliate of the Sponsor, dated January 22, 2021, and (iii) the confidentiality agreement among the Company, the Special Committee
and The Hina Group Holdings, the Chairman&rsquo;s financial advisor, dated January 11, 2021, each as may be amended and restated from
time to time.</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">&ldquo;<U>Consortium Agreement</U>&rdquo;
means the consortium agreement between <FONT STYLE="font-family: Times New Roman, Times, Serif">Titanium Education (Cayman) Limited, a
wholly owned subsidiary of the Sponsor,</FONT> and the Chairman dated January 21, 2021.</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">&ldquo;<U>Contract</U>&rdquo;
means any contract, agreement, note, bond, mortgage, indenture, deed of trust, lease, license, permit, franchise or other instrument.</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">&ldquo;<U>Control Documents</U>&rdquo;
means, a series of contractual arrangements through which the Company controls its VIE Entity, each as amended and supplemented from time
to time.</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">&ldquo;<U>Controlled Entities</U>&rdquo;
means the VIE Entity and its Subsidiaries.</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">&ldquo;<U>Equity Securities</U>&rdquo;
means any share, capital stock, registered capital, partnership, member or similar interest in any entity and any option, warrant, right
or security convertible, exchangeable or exercisable therefor or any other instrument or right the value of which is based on any of the
foregoing.</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-indent: 0.5in">&ldquo;<U>Excluded Shares</U>&rdquo; means, collectively,
(i) the Rollover Shares, (ii) Shares (including Shares represented by ADSs) held by Parent, Merger Sub and any of their respective Affiliates,
(iii) Shares (including Shares represented by ADSs) beneficially owned by the Company or any Subsidiary of the Company or held in the
Company&rsquo;s treasury, and (iv) Shares (including Shares represented by ADSs) held by the Depositary and reserved for issuance, settlement
and allocation pursuant to the Company Share Plans.</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">&ldquo;<U>Exercise Price</U>&rdquo; means, with
respect to any Company Option, the applicable exercise price per Share underlying such Company Option in accordance its terms and conditions
thereof.</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">&ldquo;<U>Group Company</U>&rdquo;
means any of the Company and its Subsidiaries.</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">&ldquo;<U>Indebtedness</U>&rdquo;
means, with respect to any person, (a) all indebtedness of such person, whether or not contingent, for borrowed money, (b) all obligations
of such person for the deferred purchase price of property or services, (c) all obligations of such person evidenced by notes, bonds,
debentures or other similar instruments, (d) all obligations of such person under currency, interest rate or other swaps, and all hedging
and other obligations of such person under other derivative instruments; provided that in no event will Indebtedness include any accounts
payable or other trade payable arising in the ordinary course of business and (e) all Indebtedness of others referred to in clauses&nbsp;(a)
through (d) above guaranteed directly or indirectly by such person.</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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    <!-- Field: /Page -->

<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">&ldquo;<U>Intellectual Property</U>&rdquo;
means all rights, anywhere in the world, in or to: (a)&nbsp;patents, patent applications (and any patents that issue from those patent
application), certificates of invention, substitutions relating to any of the patents and patent applications, utility models, inventions
and discoveries, statutory invention registrations, mask works, invention disclosures, industrial designs, community designs and other
designs, and any other governmental grant for the protection of inventions or designs; (b)&nbsp;Trademarks; (c)&nbsp;works of authorship
(including Software) and copyrights, and moral rights, design rights and database rights therein and thereto, whether or not registered;
(d)&nbsp;confidential and proprietary information, including trade secrets, know-how and invention rights; and (e)&nbsp;registrations,
applications, renewals, reissues, reexaminations, continuations, continuations-in-part, divisions, extensions, and foreign counterparts
for any of the foregoing in clauses&nbsp;(a)-(d).</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">&ldquo;<U>Interim Investor
Agreement</U>&rdquo; means the interim investor agreement, dated as of the date hereof, by and among the Chairman, Parent, <FONT STYLE="font-family: Times New Roman, Times, Serif">Titanium
Education (Cayman) Limited, a wholly owned subsidiary of the Sponsor, and certain other parties thereto.</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">&ldquo;<U>Intervening Event</U>&rdquo;
means any material event, material development or material change occurring after the date hereof with respect to the Group Companies
or their business, assets or operations of the Group Companies that is unrelated to any Competing Proposal or Competing Transaction and
that was unknown and not reasonably foreseeable to the Company 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">&ldquo;<U>knowledge</U>&rdquo;
means, with respect to the Company, the actual knowledge of any member of the Special Committee, and with respect to any other party hereto,
the actual knowledge of any director, officer or beneficial owner of such party, and with respect to the Chairman, his actual knowledge.</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">&ldquo;<U>Law</U>&rdquo; means
any federal, state, local, national, supranational, foreign or administrative law (including common law), statute, code, rule, regulation,
rules of the relevant stock exchange on which the relevant parties&rsquo; securities are listed, Order, ordinance or other pronouncement
of any Governmental Authority.</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">&ldquo;<U>Leased Real Property</U>&rdquo;
means all leasehold or subleasehold estates and other rights to use or occupy any land, buildings, structures, improvements, fixtures
or other interest in real property held by any Group Company.</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">&ldquo;<U>Leases</U>&rdquo;
means all leases, subleases, licenses, concessions and other agreements (written or oral), including all amendments, extensions, renewals,
guarantees and other agreements with respect thereto, pursuant to which any Group Company holds any Leased Real Property.</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">&ldquo;<U>Liens</U>&rdquo;
means any security interest, pledge, hypothecation, mortgage, lien (including environmental and Tax liens), violation, charge, lease,
license, encumbrance, servient easement, adverse claim, reversion, reverter, preferential arrangement, restrictive covenant, condition
or restriction of any kind, including any right of first refusal, right of first offer, call option, and any other restriction on the
use, voting, transfer, receipt of income or other exercise of any attributes of ownership.</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">&ldquo;<U>Owned Real Property</U>&rdquo;
means all real property and interests in real property, land use rights together with all buildings, structures, improvements and fixtures
located thereon, and all easements and other rights and interests appurtenant thereto, owned by any Group Company.</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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    <!-- Field: /Page -->

<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">&ldquo;<U>Permitted Liens</U>&rdquo;
means any (i) Liens securing obligations under capital leases; (ii) easements, permits, rights of way, restrictions, covenants, reservations
or encroachments, minor defects or irregularities in and other similar matters affecting title to any Owned Real Property that do not
materially impair the value or current use and operation of such Owned Real Property; (iii) any exceptions or other matters expressly
disclosed in policies of title insurance with respect to any Owned Real Property; (iv) Taxes, assessments or governmental charges or levies
imposed with respect to property which are not yet due and payable or which are being contested in good faith by appropriate proceedings,
in each case for which adequate reserves have been established in accordance with GAAP; (v) statutory Liens in favor of suppliers of goods
arising or incurred in the ordinary course of business for which payment is not yet due or delinquent; (vi) mechanics&rsquo;, materialmen&rsquo;s,
workmen&rsquo;s, repairmen&rsquo;s, landlord&rsquo;s, warehousemen&rsquo;s, carrier&rsquo;s and other similar Liens arising or incurred
in the ordinary course of business which are not yet due and payable or which are being contested in good faith; (vii) Liens in respect
of pledges or deposits under workers&rsquo; compensation Laws, unemployment insurance or other types of social security; (viii) municipal
bylaws, restrictions or regulations, and zoning, entitlement, land use, building or planning restrictions or regulations, in each case,
promulgated by any Governmental Authority that do not materially impair the value or current use and operation of any affected Owned Real
Property; or (ix) any other Liens that have been incurred in the ordinary course of business and that would not reasonably be expected
to have a Company Material Adverse Effect.</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">&ldquo;<U>person</U>&rdquo;
or &ldquo;<U>Person</U>&rdquo; means an individual, corporation, partnership, limited partnership, limited liability company, syndicate,
person (including a &ldquo;person&rdquo; as defined in Section 13(d)(3) of the Exchange Act), trust, association or entity or government,
political subdivision, agency or instrumentality of a government.</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">&ldquo;<U>Personal Data</U>&rdquo;
means any data that alone or in combination with other data held by the Company or any of its Subsidiaries allows identification of a
natural person.</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">&ldquo;<U>Personal Guarantee</U>&rdquo;
means the personal guarantee, dated the date hereof, delivered by the Chairman to the Sponsor and <FONT STYLE="font-family: Times New Roman, Times, Serif">Titanium
Education (Cayman) Limited, a wholly owned subsidiary of the Sponsor.</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">&ldquo;<U>PRC</U>&rdquo; means
the People&rsquo;s Republic of China excluding, for the purposes of this Agreement, the Hong Kong Special Administrative Region, the Macau
Special Administrative Region and Taiwan.</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">&ldquo;<U>PRC Anti-trust Approval</U>&rdquo;
means all clearances, consents and approvals required to be obtained from the Anti-Monopoly Bureau of the PRC State Administration for
Market Regulation under the Anti-Monopoly Law of the PRC and the rules and regulations promulgated thereunder as in effect from time to
time with respect to the Transactions.</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">&ldquo;<U>Privacy Law</U>&rdquo;
means any Law of the PRC to the Company or any of its Subsidiaries governing privacy, data protection, or data security with respect to
the Processing of Personal Data by the Company or any of its Subsidiaries.</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">&ldquo;<U>Processing</U>&rdquo;
or &ldquo;<U>Processed</U>&rdquo; means, with respect to any Personal Data, any operation or set of operations performed thereon, whether
or not by automated means, including adaptation, alignment, alteration, collection, combination, compilation, consultation, creation,
destruction, disclosure, disposal, dissemination, erasure, interception, maintenance, making available, organization, recording, restriction,
retention, and retrieval, storage, structuring, transmission, and use.</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-indent: 0.5in">&ldquo;<U>Representatives</U>&rdquo; means, with
respect to any Person, such Person&rsquo;s officers, directors, employees, accountants, consultants, financial and legal advisors, agents,
financing sources and other authorized representatives.</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">&ldquo;<U>Requisite Company Vote</U>&rdquo; means,
the affirmative vote of holders of Shares (including Shares represented by ADSs) representing at least two-thirds of the voting power
of the outstanding Shares present and voting in person or by proxy as a single class at the Shareholders Meeting or any adjournment or
postponement thereof.</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">&ldquo;<U>Rollover Shares</U>&rdquo;
means (i) Shares (including Shares represented by ADSs) held by the Rollover Shareholders as of the date hereof as set forth in <U>Schedule
A</U> attached hereto, and (ii) any Shares (including Shares represented by ADSs) that the Rollover Shareholders may acquire following
the date hereof and prior to the Effective Time by means of purchase, dividend or distribution, or issuance upon the exercise of any Company
Options or warrants, the conversion of any convertible securities, the vesting of any Company RSUs or otherwise.</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-indent: 0.5in">&ldquo;<U>SAFE</U>&rdquo; means the State Administration
of Foreign Exchange of the PRC.</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">&ldquo;<U>SAFE Rules and Regulations</U>&rdquo;
means the SAFE Circular 37, SAFE Circular 7, SAFE Circular 75, SAFE Circular 78 and any other applicable rules, regulations, guidelines
and reporting and registration requirements issued by SAFE. For the purpose of this definition, (i) &ldquo;<U>SAFE Circular 37</U>&rdquo;
means the Notice on Issues Relating to the Administration of Foreign Exchange in Overseas Investment and Financing and Reverse Investment
Activities of Domestic Residents Conducted via Special Purpose Vehicles issued by SAFE on July 14, 2014, which became effective as of
July 14, 2014, or any successor rule or regulation under PRC Law; (ii) &ldquo;<U>SAFE Circular 7</U>&rdquo; means the Notice on Issues
Relating to the Administration of Foreign Exchange for Domestic Individuals Participating in Stock Incentive Plan of Overseas Listed Company
issued by SAFE on February 15, 2012, which became effective as of February 15, 2012, or any successor rule or regulation under PRC Law;
(iii) &ldquo;<U>SAFE Circular 75</U>&rdquo; means the Notice Regarding Certain Administrative Measures on Financing and Inbound Investments
by PRC Residents Through Offshore Special Purpose Vehicles issued by SAFE on October 21, 2005, which became effective as of November&nbsp;1,
2005 and replaced by SAFE Circular 37 on July 14, 2014; and (iv) &ldquo;<U>SAFE Circular 78</U>&rdquo; means the Operation Rules on the
Foreign Exchange Administration on the Participation by Domestic Individuals in the Employee Stock Ownership Plans, Stock Option Plans
of Offshore Listed Companies issued by SAFE on March 28, 2007, which became effective as of March 28, 2007 and replaced by SAFE Circular
7 on February 15, 2012.</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-indent: 0.5in">&ldquo;<U>SEC</U>&rdquo; means the U.S. Securities
and Exchange Commission.</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">&ldquo;<U>Shareholders Meeting</U>&rdquo;
means a general meeting of the Company&rsquo;s shareholders (including any adjournments or postponements thereof) to be held in accordance
with the Company&rsquo;s memorandum and articles of association to consider the authorization and approval of this Agreement, the Plan
of Merger and the Transactions.</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">&ldquo;<U>Shares</U>&rdquo;
means the ordinary shares, par value US$0.001 per share, in the share capital of the Company, comprising Class A Ordinary Shares, Class
B Ordinary Shares, and certain other shares of such class or classes (however designated) as the Company Board may determine in accordance
with the Company&rsquo;s articles of association.</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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    <!-- Field: /Page -->

<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">&ldquo;<U>Software</U>&rdquo;
means all (a)&nbsp;computer programs, applications, systems and code, including software implementations of algorithms, models and methodologies,
program interfaces, and source code and object code, and firmware, operating systems and specifications, (b)&nbsp;Internet and intranet
websites, databases and compilations, including data and collections of data, whether machine-readable or otherwise, (c)&nbsp;development
and design tools, library functions and compilers, (d)&nbsp;technology supporting websites, and the contents and audiovisual displays
of websites, and (e)&nbsp;media, documentation and other works of authorship, including user manuals, training materials, descriptions,
flow charts and other work products relating to or embodying any of the foregoing or on which any of the foregoing is recorded.</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">&ldquo;<U>Special Committee</U>&rdquo;
means the special committee of the Company Board currently consisting of two (2) members of the Company Board who are not affiliated with
Parent or Merger Sub and are not members of the management of the Company, <I>provided</I>, <I>however</I>, that solely if the existing
Special Committee no longer exists after the date of this Agreement or is otherwise altered by the Company Board, it shall mean any other
special committee established by the Company Board in relation to the Transactions composed solely of independent directors who are (i)
not affiliated with Parent or Merger Sub and (ii) not members of the Company&rsquo;s management.</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">&ldquo;<U>Sponsor</U>&rdquo;
means Ascendent Capital Partners III, L.P., an exempted limited partnership formed under the laws of the Cayman Islands.</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">&ldquo;<U>Subsidiary</U>&rdquo;
means, with respect to any party, any person (a) of which such party or any other Subsidiary of such party is a general or managing partner,
(b) of which at least a majority of the securities (or other interests having by their terms ordinary voting power to elect a majority
of the board of directors or other performing similar functions with respect to such corporation or other organization) is, directly or
indirectly, owned or controlled by such party or by any one or more of its Subsidiaries, or by such party and one or more of its Subsidiaries,
(c) of which at least a majority of the economic interests is, directly or indirectly, owned or controlled by such party or by any one
or more of its Subsidiaries, or by such party and one or more of its Subsidiaries, including interests held through a &ldquo;variable
interest entity&rdquo; structure or other similar arrangements, or (d) whose assets and financial results are consolidated with the net
earnings of such party and are recorded on the books of such party for financial reporting purposes in accordance with GAAP.</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">&ldquo;<U>Superior Proposal</U>&rdquo;
means a written bona fide proposal or offer with respect to a Competing Transaction (provided that each reference to &ldquo;20%&rdquo;
in the definition of &ldquo;Competing Transaction&rdquo; should be replaced with &ldquo;50%&rdquo;) that the Company Board determines
in its good faith judgment, acting at the recommendation of the Special Committee (after consultation with its independent financial advisor
and outside legal counsel), taking into account, among other things, all of the terms and conditions, including all legal, financial and
regulatory, and other aspects of the proposal (including financing, regulatory or other consents and approvals, shareholder litigation,
the identity of the person making the proposal, breakup or termination fee and expense reimbursement provisions, expected timing, risk
and likelihood of consummation and other relevant events and circumstances), to be more favorable to the Company and its shareholders
(other than holders of Excluded Shares) than the Transactions (taking into account, as the case may be, any revisions to the terms of
this Agreement proposed in writing by Parent in response to such proposal or otherwise pursuant to &#8206;<U>Section&nbsp;6.04</U>) and
is otherwise reasonably capable of being completed on the terms proposed; <I>provided</I>, that a proposal or offer shall be deemed not
to be a &ldquo;Superior Proposal&rdquo; if any financing required to consummate the transaction contemplated by such proposal or offer
is not fully committed or if the receipt of any such financing is a condition to the consummation of such transaction.</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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    <DIV STYLE="break-before: page; 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: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Tax Return</U>&rdquo;
means any return, declaration, statement, report estimate, form or information return relating to Taxes filed or required to be filed
with a Governmental Authority under the applicable Laws, and any schedules or amendments 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">&ldquo;<U>Taxes</U>&rdquo;
means any and all taxes, fees, levies, duties, tariffs, imposts and other charges of any kind (together with any and all interest, penalties,
additions to tax and additional amounts imposed with respect thereto) imposed by any Governmental Authority or taxing authority, including
taxes or other charges on or with respect to income, franchise, windfall or other profits, gross receipts, occupation, property, real
estate, deed, land use, sales, use, capital stock, payroll, severance, employment (including withholding obligations imposed on employer/payer),
social security, workers&rsquo; compensation, unemployment compensation or net worth; taxes or other charges in the nature of excise,
withholding (as payor or payee), ad valorem, stamp, transfer, value-added or gains taxes; license, registration and documentation fees;
and customers&rsquo; duties, tariffs and similar charges.</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">&ldquo;<U>Third Party</U>&rdquo;
means any person or &ldquo;group&rdquo; (as defined under Section 13(d) of the Exchange Act) of persons, other than Parent or any of its
Affiliates or Representatives.</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">&ldquo;<U>Trademarks</U>&rdquo;
means trademarks, service marks, logos, slogans, brand names, domain names, uniform resource locators, trade dress, trade names, corporate
names, geographical indications and other identifiers of source or goodwill, including the goodwill symbolized thereby or associated therewith,
in any and all jurisdictions, whether or not registered.</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">&ldquo;<U>Unvested Company
Option</U>&rdquo; means any Company Option that is not a Vested Company Option.</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">&ldquo;<U>Unvested Company
RSU</U>&rdquo; means any Company RSU that is not a Vested Company RSU.</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">&ldquo;<U>Vested Company Option</U>&rdquo;
means any Company Option that shall have become vested at or prior to the Effective Time and remains outstanding at the Effective Time
in accordance with the terms of such Company Option.</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">&ldquo;<U>Vested Company RSU</U>&rdquo;
means any Company RSU that shall have become vested at or prior to the Effective Time and remains outstanding at the Effective Time in
accordance with the terms of such Company RSU.</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">&ldquo;<U>VIE Entity</U>&rdquo;
means Beijing Tarena Jinqiao Technology Co., Ltd., a limited liability company established under the Laws of the PRC.</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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    <DIV STYLE="break-before: page; 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: 0.5in">&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">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The following terms have the meaning set forth in the Sections set forth below:</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 STYLE="width: 61%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-indent: -5.35pt"><B><U>Defined Term</U></B></TD>
    <TD STYLE="white-space: nowrap; text-align: right; width: 39%; padding-left: 5.4pt; font-size: 10pt"><B><U>Location
of Definition</U></B></TD></TR>

<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-indent: -5.35pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 80%; text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Action</TD>
    <TD STYLE="white-space: nowrap; width: 20%; text-align: right; padding-top: 0in; padding-bottom: 0in">&#8206;Section&nbsp;3.10</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">ADS</TD>
    <TD STYLE="white-space: nowrap; text-align: right; padding-top: 0in; padding-bottom: 0in">Section&nbsp;2.01(b)</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">ADSs</TD>
    <TD STYLE="white-space: nowrap; text-align: right; padding-top: 0in; padding-bottom: 0in">&#8206;Section&nbsp;2.01(b)</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Agreement</TD>
    <TD STYLE="white-space: nowrap; text-align: right; padding-top: 0in; padding-bottom: 0in">Preamble</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Alternative Acquisition Agreement</TD>
    <TD STYLE="white-space: nowrap; text-align: right; padding-top: 0in; padding-bottom: 0in">&#8206;Section&nbsp;6.04(c)</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Alternative Financing</TD>
    <TD STYLE="white-space: nowrap; text-align: right; padding-top: 0in; padding-bottom: 0in">Section&nbsp;6.07(b)</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Alternative Financing Documents</TD>
    <TD STYLE="white-space: nowrap; text-align: right; padding-top: 0in; padding-bottom: 0in">Section&nbsp;6.07(b)</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Applicable Date</TD>
    <TD STYLE="white-space: nowrap; text-align: right; padding-top: 0in; padding-bottom: 0in">&#8206;Section&nbsp;3.07(a)</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Arbitrator</TD>
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  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Change in the Company Recommendation</TD>
    <TD STYLE="white-space: nowrap; text-align: right; padding-top: 0in; padding-bottom: 0in">&#8206;Section&nbsp;6.04(c)</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">CICA</TD>
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  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Closing</TD>
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  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Closing Date.</TD>
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  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Company</TD>
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  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Company Board</TD>
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  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Company Group</TD>
    <TD STYLE="white-space: nowrap; text-align: right; padding-top: 0in; padding-bottom: 0in">&#8206;Section&nbsp;8.06(f)(i)</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Company Recommendation</TD>
    <TD STYLE="white-space: nowrap; text-align: right; padding-top: 0in; padding-bottom: 0in">&#8206;Section&nbsp;3.04(c)</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Company Reimbursement</TD>
    <TD STYLE="white-space: nowrap; text-align: right; padding-top: 0in; padding-bottom: 0in">&#8206;Section&nbsp;8.06(f)</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Company SEC Reports</TD>
    <TD STYLE="white-space: nowrap; text-align: right; padding-top: 0in; padding-bottom: 0in">&#8206;Section&nbsp;3.07(a)</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Company Termination Fee</TD>
    <TD STYLE="white-space: nowrap; text-align: right; padding-top: 0in; padding-bottom: 0in">&#8206;Section&nbsp;8.06(a)(iii)</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Damages</TD>
    <TD STYLE="white-space: nowrap; text-align: right; padding-top: 0in; padding-bottom: 0in">&#8206;Section&nbsp;6.05(c)</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Depositary</TD>
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  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Dissenting Shareholders</TD>
    <TD STYLE="white-space: nowrap; text-align: right; padding-top: 0in; padding-bottom: 0in">&#8206;Section&nbsp;2.03(a)</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Dissenting Shares</TD>
    <TD STYLE="white-space: nowrap; text-align: right; padding-top: 0in; padding-bottom: 0in">&#8206;Section&nbsp;2.03(a)</TD></TR>

<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 90%; text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Effect</TD>
    <TD STYLE="white-space: nowrap; width: 10%; text-align: right; padding-top: 0in; padding-bottom: 0in">&#8206;Section 9.03(a)</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Effective Time</TD>
    <TD STYLE="white-space: nowrap; text-align: right; padding-top: 0in; padding-bottom: 0in">&#8206;Section&nbsp;1.03</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Enforceability Exceptions</TD>
    <TD STYLE="white-space: nowrap; text-align: right; padding-top: 0in; padding-bottom: 0in">&#8206;Section&nbsp;3.04(b)</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Equity Commitment Letter</TD>
    <TD STYLE="white-space: nowrap; text-align: right; padding-top: 0in; padding-bottom: 0in">&#8206;Section&nbsp;6.07(b)</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Exchange Act</TD>
    <TD STYLE="white-space: nowrap; text-align: right; padding-top: 0in; padding-bottom: 0in">&#8206;Section&nbsp;3.03(c)</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Exchange Fund</TD>
    <TD STYLE="white-space: nowrap; text-align: right; padding-top: 0in; padding-bottom: 0in">&#8206;Section&nbsp;2.04(a)</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Financial Advisor</TD>
    <TD STYLE="white-space: nowrap; text-align: right; padding-top: 0in; padding-bottom: 0in">&#8206;Section&nbsp;3.04(d)</TD></TR>
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    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Financing Document</TD>
    <TD STYLE="white-space: nowrap; text-align: right; padding-top: 0in; padding-bottom: 0in">&#8206;Section&nbsp;4.05(a)</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Financing Source</TD>
    <TD STYLE="white-space: nowrap; text-align: right; padding-top: 0in; padding-bottom: 0in">&#8206;Section&nbsp;4.05(a)</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Financing,</TD>
    <TD STYLE="white-space: nowrap; text-align: right; padding-top: 0in; padding-bottom: 0in">&#8206;Section&nbsp;4.05(a)</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">GAAP</TD>
    <TD STYLE="white-space: nowrap; text-align: right; padding-top: 0in; padding-bottom: 0in">&#8206;Section&nbsp;3.07(b)</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Governmental Authority</TD>
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  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Guarantors</TD>
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  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">HKIAC</TD>
    <TD STYLE="white-space: nowrap; text-align: right; padding-top: 0in; padding-bottom: 0in">&#8206;Section&nbsp;9.09(b)</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Indemnified Party</TD>
    <TD STYLE="white-space: nowrap; text-align: right; padding-top: 0in; padding-bottom: 0in">&#8206;Section&nbsp;6.05(b)</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Limited Guarantee</TD>
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  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Long Stop Date</TD>
    <TD STYLE="white-space: nowrap; text-align: right; padding-top: 0in; padding-bottom: 0in">Section 8.02(a)</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Material Company Permits</TD>
    <TD STYLE="white-space: nowrap; text-align: right; padding-top: 0in; padding-bottom: 0in">&#8206;Section&nbsp;3.06(a)</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Material Contracts</TD>
    <TD STYLE="white-space: nowrap; text-align: right; padding-top: 0in; padding-bottom: 0in">&#8206;Section&nbsp;3.17(a)</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Maximum Annual Premium</TD>
    <TD STYLE="white-space: nowrap; text-align: right; padding-top: 0in; padding-bottom: 0in">&#8206;Section&nbsp;6.05(b)</TD></TR>
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    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Merger</TD>
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    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Merger Consideration</TD>
    <TD STYLE="white-space: nowrap; text-align: right; padding-top: 0in; padding-bottom: 0in">&#8206;Section&nbsp;2.04(a)</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Merger Sub</TD>
    <TD STYLE="white-space: nowrap; text-align: right; padding-top: 0in; padding-bottom: 0in">Preamble</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Nasdaq</TD>
    <TD STYLE="white-space: nowrap; text-align: right; padding-top: 0in; padding-bottom: 0in">&#8206;Section&nbsp;3.03(c)</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Notice of Superior Proposal</TD>
    <TD STYLE="white-space: nowrap; text-align: right; padding-top: 0in; padding-bottom: 0in">Section&nbsp;6.04(d)</TD></TR>
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    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Order</TD>
    <TD STYLE="white-space: nowrap; text-align: right; padding-top: 0in; padding-bottom: 0in">&#8206;Section&nbsp;7.01(b)</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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    <TD STYLE="white-space: nowrap; text-align: right; padding-top: 0in; padding-bottom: 0in">&#8206;Section&nbsp;8.06(f)(i)</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt"></TD></TR></TABLE>

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<TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Parent Termination Fee</TD>
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  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Paying Agent</TD>
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    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Per ADS Merger Consideration</TD>
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    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Per Share Merger Consideration</TD>
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    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Plan of Merger</TD>
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    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Proxy Statement</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0in">&#8206;Section&nbsp;6.01(a)</TD></TR>
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  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Takeover Statute</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0in">&#8206;Section&nbsp;3.18</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Transaction Documents</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0in">&#8206;Section&nbsp;8.06(f)(iii)</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Transactions</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0in">Recitals</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -12pt; padding-top: 0in; padding-bottom: 0in; padding-left: 12pt">Uncertificated Shares</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0in">&#8206;Section&nbsp;2.04(b)</TD></TR>
</TABLE>

<P STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 0">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font-size: 10pt; vertical-align: top">
<TD STYLE="font-size: 10pt; width: 35.45pt"></TD><TD STYLE="width: 70.9pt">Section&nbsp;9.04</TD><TD><U>Severability</U>.</TD></TR></TABLE>

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




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">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 conditions and provisions
of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the Transactions is
not affected in any manner adverse to any party. Upon such determination that any term or other provision is invalid, illegal or incapable
of being enforced, the parties hereto 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 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>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 70.9pt">Section&nbsp;9.05</TD><TD><U>Interpretation</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">When a reference is made in
this Agreement to a Section, Article, Annex or Schedule such reference shall be to a Section, Article, Annex or Schedule of this Agreement
unless otherwise indicated. The table of contents and headings contained in this Agreement or in any Annex or Schedule are for convenience
of reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. All words used in this Agreement
will be construed to be of such gender or number as the circumstances require. Any capitalized terms used in any Annex or Schedule but
not otherwise defined therein shall have the meaning set forth in this Agreement. All Annexes or Schedules annexed hereto or referred
to herein are hereby incorporated in and made a part of this Agreement as if set forth herein. The word &ldquo;including&rdquo; and words
of similar import when used in this Agreement will mean &ldquo;including, without limitation,&rdquo; unless otherwise specified. 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. 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 any rules and regulations
promulgated thereunder and references to all attachments thereto and instruments incorporated therein. References to a person are also
to its permitted successors and assigns. References to clauses without a cross-reference to a Section or subsection are references to
clauses within the same Section or, if more specific, subsection. References from or through any date mean, unless otherwise specified,
from and including or through and including, respectively. The symbol &ldquo;$&rdquo; or &ldquo;US$&rdquo; refers to United States Dollars.
All &ldquo;$&rdquo; amounts used in <U>Article &#8206;III</U> and <U>Article &#8206;V</U> include the equivalent amount denominated in
other currencies. The word &ldquo;extent&rdquo; in the phrase &ldquo;to the extent&rdquo; means the degree to which a subject or other
thing extends and such phrase shall not mean simply &ldquo;if.&rdquo; References to &ldquo;day&rdquo; mean a calendar day unless otherwise
indicated as a &ldquo;Business Day.&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"></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>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 70.9pt">Section&nbsp;9.06</TD><TD><U>Entire Agreement; Assignment</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Agreement
(including the Annexes and Schedules hereto), the Company Disclosure Schedule, and the other Transaction Documents constitute the
entire agreement between the parties hereto with respect to the subject matter hereof and supersedes all prior agreements and
undertakings, both written and oral, between any parties hereto, with respect to the subject matter hereof. This Agreement shall not
be assigned (whether pursuant to a merger, by operation of law or otherwise), except that Parent and Merger Sub may assign all or
any of their rights and obligations hereunder to any wholly owned Subsidiary of Parent by prior written notice to the Company, <I>provided</I>,
that no such assignment shall relieve the assigning party of its obligations hereunder if such assignee does not perform such
obligations. Any purported assignment in violation of this <U>Section &#8206;9.06</U> is void.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 70.9pt">Section&nbsp;9.07</TD><TD><U>Parties in Interest</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Agreement shall be binding
upon and inure solely to the benefit of each party hereto, and nothing in this Agreement, express or implied, is intended to or shall
confer upon any other person any right, benefit or remedy of any nature whatsoever under or by reason of this Agreement, other than <U>Section
 &#8206;6.05</U>, <U>Section &#8206;8.06(a)</U>, <U>Section &#8206;8.06(f)</U> and &#8206;<U>Section&nbsp;9.10</U> (which are intended
to be for the benefit of the persons covered thereby and may be enforced by such persons); <I>provided</I>, <I>however</I>, that in no
event shall any holders of Shares or holders of Company Options or Company RSUs, in each case in their capacity as such, have any right,
benefit or remedy of any nature whatsoever under or by reason 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>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 70.9pt">Section&nbsp;9.08</TD><TD><U>Specific Performance</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Subject to <U>&#8206;Section&nbsp;9.08&#8206;(b)</U>, the parties hereto agree that irreparable damage would occur if any provision
of this Agreement is not performed in accordance with the terms hereof by the parties, and that money damages or other legal remedies
would not be an adequate remedy for such damages. Accordingly, subject to <U>&#8206;Section&nbsp;9.08&#8206;(b)</U>, the parties hereto
acknowledge and agree that in the event of any breach by the Company, on the one hand, or Parent or Merger Sub, on the other hand, of
any of their respective covenants or obligations set forth in this Agreement, Parent or Merger Sub, on the one hand, or the Company (acting
at the direction of the Special Committee), on the other hand, shall each be entitled to specific performance of the terms hereof (including
the obligation of the parties to consummate the Merger, subject in each case to the terms and conditions of this Agreement), including
an injunction or injunctions to prevent breaches of this Agreement by any party, in addition to any other remedy at law or 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"></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: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each party waives (i) any defenses in any action for an injunction or other appropriate form of specific performance or equitable
relief, including the defense that a remedy at law would be adequate and (ii) any requirement under any Law to post a bond or other security
as a prerequisite to obtaining an injunction or other appropriate form of specific performance or equitable relief. Notwithstanding anything
herein to the contrary, (x) while the parties hereto may pursue both a grant of specific performance and the payment of the amounts set
forth in <U>Section &#8206;8.06</U>, neither Parent and Merger Sub, on the one hand, nor the Company, on the other hand, shall be permitted
or entitled to receive both a grant of specific performance that results in a Closing and payment of such amounts, and (y) upon the payment
of such amounts, the remedy of specific performance shall not be available against the party making such payment and, if such party is
Parent or Merger Sub, any other member of the Parent Group or, if such party is the Company, any other member of the Company Group.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 70.9pt">Section&nbsp;9.09</TD><TD><U>Governing Law; Dispute Resolution</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>This
Agreement shall be governed by and construed in accordance with the laws of the State of New York, except that the following matters
arising out of or relating to this Agreement shall be governed by and construed in accordance with the laws of the Cayman Islands in
respect of which the parties hereto hereby irrevocably submit to the nonexclusive jurisdiction of the courts of the Cayman Islands:
the Merger, the vesting of the undertaking, property and liabilities of each of Merger Sub and the Company in the Surviving Company,
the cancellation of the Shares (including Shares represented by ADSs), the rights provided for in Section 238 of the CICA with
respect to any Dissenting Shares, the fiduciary or other duties of the Company Board and the directors of Merger Sub and the
internal corporate affairs of the Company and Merger Sub.</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Subject to <U>Section &#8206;9.08</U>, <U>Section &#8206;9.09(a)</U> and the last sentence of this <U>Section &#8206;9.09(b)</U>,
any Actions against any party or arising out of or in any way relating to this Agreement shall be submitted to the Hong Kong International
Arbitration Centre (&ldquo;<FONT STYLE="font-weight: normal; color: black"><U>HKIAC</U></FONT>&rdquo;) and resolved in accordance with
the Arbitration Rules of HKIAC in force at the relevant time and as may be amended by this <U>Section &#8206;9.09</U>. The place of arbitration
shall be Hong Kong. The official language of the arbitration shall be English and the arbitration tribunal shall consist of three arbitrators
(each, an &ldquo;<FONT STYLE="font-weight: normal; color: black"><U>Arbitrator</U></FONT>&rdquo;). The claimant(s) shall nominate jointly
one Arbitrator; the respondent(s) shall nominate jointly one Arbitrator; and a third Arbitrator will be nominated jointly by the first
two Arbitrators and shall serve as chairman of the arbitration tribunal. In the event the claimant(s) or respondent(s) or the first two
Arbitrators shall fail to nominate or agree the joint nomination of an Arbitrator or the third Arbitrator within the time limits specified
by the Arbitration Rules of HKIAC, such Arbitrator shall be appointed promptly by the HKIAC. The arbitration tribunal shall have no authority
to award punitive or other punitive-type damages. The award of the arbitration tribunal shall be final and binding upon the disputing
parties. Any party to an award may apply to any court of competent jurisdiction for enforcement of such award and, for purposes of the
enforcement of such award, the parties irrevocably and unconditionally submit to the jurisdiction of any court of competent jurisdiction
and waive any defenses to such enforcement based on lack of personal jurisdiction or inconvenient forum.</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>EACH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION
DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT AND ANY OF THE AGREEMENTS DELIVERED IN CONNECTION HEREWITH OR THE
MERGER AND OTHER TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. 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 EITHER OF SUCH WAIVERS, (B) IT UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF SUCH WAIVERS, (C) IT MAKES SUCH WAIVERS VOLUNTARILY,
AND (D) IT HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS <U>SECTION
9.09(C)</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"></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>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 70.9pt">Section&nbsp;9.10</TD><TD><U>Amendment</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Agreement may be
amended by the parties hereto at any time prior to the Effective Time by action taken (a) with respect to Parent and Merger Sub, by
or on behalf of their respective boards of directors, and (b) with respect to the Company, by the Company Board (acting at the
recommendation of the Special Committee); <I>provided</I>, <I>however</I>, that, (i) after the approval of this Agreement and the
Transactions by the shareholders of the Company, no amendment may be made that would require further approval by the shareholders
without such further approval, and (ii) with respect to any Person covered by &#8206;<U>Section&nbsp;8.06(f)</U> other than the
parties hereto, no amendment that would be materially adverse to such Person may be made, directly or indirectly, to such
 &#8206;<U>Section&nbsp;8.06(f)</U> or this &#8206;<U>Section&nbsp;9.10 </U>unless such materially adversely affected Person has
provided its prior written consent to such amendment (which shall not be unreasonably withheld, conditioned or delayed). This
Agreement may not be amended except by an instrument in writing signed by each of the parties hereto.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 70.9pt">Section&nbsp;9.11</TD><TD><U>Waiver</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">At any time prior to the Effective
Time, any party hereto may by action taken (a) with respect to Parent and Merger Sub, by or on behalf of their respective boards of directors
and (b) with respect to the Company, by action taken by or on behalf of the Company Board (acting at the recommendation of the Special
Committee), (i) extend the time for the performance of any obligation or other act of any other party hereto, (ii) waive any inaccuracy
in the representations and warranties of any other party contained herein or in any document delivered pursuant hereto and (iii) waive
compliance with any agreement of any other party or any condition to its own obligations contained herein. Any such extension or waiver
shall be valid if set forth in an instrument in writing signed by the party or parties to be bound thereby. No failure or delay by any
party in exercising any right, power or privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise
thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 70.9pt">Section&nbsp;9.12</TD><TD><U>Confidentiality</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">All confidential and proprietary
information disclosed by the Company to Parent and its Affiliates and Representatives, including Parent&rsquo;s financing sources and
their respective Representatives in connection with this Agreement and the Transactions, shall be subject to the provisions of the Confidentiality
Agreements. If for any reason this Agreement is terminated prior to the Closing Date, the terms of the Confidentiality Agreements shall
survive such termination and continue in full force and effect in accordance with its terms.</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-indent: 0.5in">Section&nbsp;9.13<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Special Committee Approval</U>.</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">Subject to the requirements
of applicable Law, any amendment, consent, waiver or other determination to be made, or action to be taken, by the Company or the Company
Board under this Agreement shall be made or taken upon the recommendation of, and only upon the recommendation of the Special Committee.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 70.9pt">Section&nbsp;9.14</TD><TD><U>Counterparts</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Agreement may be executed
and delivered (including by facsimile or email 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">&nbsp;</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-indent: 0.5in">IN WITNESS WHEREOF, Parent, Merger Sub and the
Company have caused this Agreement to be executed as of the date first written above by their respective directors or officers 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="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>KIDEDU HOLDINGS LIMITED</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: 52%">&nbsp;</TD>
    <TD STYLE="width: 3%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 45%">/s/ Shaoyun Han</TD>
    </TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Name: Shaoyun Han</TD>
    </TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title: Director</TD>
    </TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>KIDARENA MERGER SUB</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>By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Shaoyun Han</TD>
    </TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Name: Shaoyun Han</TD>
    </TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title: Director</TD>
    </TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>TARENA INTERNATIONAL, INC.</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>By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Arthur Lap Tat Wong</TD>
    </TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Name: Arthur Lap Tat Wong</TD>
    </TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title: Chairman of the Special Committee</TD>
    </TR>
  </TABLE>

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

<P STYLE="text-align: center; font-size: 10pt"><I>[Signature Page to Agreement and Plan of Merger]</I></P>

<P STYLE="text-align: center; font-size: 10pt"></P>

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<P STYLE="text-align: center; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: center; font-size: 10pt"><B>ANNEX A</B></P>

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

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

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">THIS PLAN OF MERGER <FONT STYLE="font-weight: normal">is made
on [date]</FONT></P>

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

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

<P STYLE="font: bold 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: 0in">(1)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Kidarena Merger Sub, an exempted company with limited liability incorporated under the laws of the Cayman Islands with its registered
office at Conyers Trust Company (Cayman) Limited, Cricket Square, Hutchins Drive, PO Box 2681, Grand Cayman, KY1-1111, Cayman Islands
(&ldquo;<B>Merger Sub</B>&rdquo;); and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">(2)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Tarena International, Inc., an exempted company registered by way of continuation under the laws of the Cayman Islands on 31 January
2008, with its registered office situated at the offices of Conyers Trust Company (Cayman) Limited, Cricket Square, Hutchins Drive P.O.
Box 2681, Grand Cayman, KY1-1111 (the &ldquo;<B>Company</B>&rdquo; or the &ldquo;<B>Surviving Company</B>&rdquo; and together with Merger
Sub, the &ldquo;<B>Constituent Companies</B>&rdquo;).</P>

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

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

<P STYLE="font: bold 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">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Merger Sub and the Company have agreed to merge (the &ldquo;<B>Merger</B>&rdquo;) on the terms and conditions contained or referred
to in an Agreement and Plan of Merger (the &ldquo;<B>Agreement</B>&rdquo;) dated as of April 30, 2021 by and between Kidedu Holdings Limited,
Merger Sub and the Company, a copy of which is attached as <U>Appendix I</U> to this Plan of Merger and under the provisions of Part XVI
of the Companies Act (2021 Revision) of the Cayman Islands (the &ldquo;<B>Companies Act</B>&rdquo;), pursuant to which Merger Sub will
merge with and into the Company and cease to exist, and the Surviving Company will continue as the surviving company in the Merger.</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>This Plan of Merger is made in accordance with section 233 of the Companies Act.</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">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Terms used in this Plan of Merger and not otherwise defined in this Plan of Merger shall have the meanings given to them in the
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: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">WITNESSETH</P>

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

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

<P STYLE="font: bold 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: 0in">1<I>.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></I>The constituent companies (as defined in the Companies Act) to the Merger are Merger Sub and the Company.</P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">NAME OF THE SURVIVING COMPANY</P>

<P STYLE="font: bold 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: 0in">2<I>.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></I>The surviving company (as defined in the Companies Act) is the Surviving Company and its name shall be Tarena International,
Inc.</P>

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

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

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




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

<P STYLE="font: bold 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: 0in">3.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</I></FONT><FONT STYLE="color: windowtext">(a)
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The registered office of Merger Sub is</FONT> situated at the offices of Conyers Trust Company (Cayman) Limited, Cricket Square, Hutchins
Drive, PO Box 2681, Grand Cayman, KY1-1111, Cayman Islands.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
registered office of Parent is situated at the offices of Conyers Trust Company (Cayman) Limited, Cricket Square, Hutchins Drive, PO Box
2681, Grand Cayman, KY1-1111, Cayman Islands.</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">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The
Surviving Company shall have its registered office at the offices of Conyers Trust Company (Cayman) Limited, Cricket Square, Hutchins
Drive P.O. Box 2681, Grand Cayman, KY1-1111.</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: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">AUTHORIZED AND ISSUED SHARE CAPITAL</P>

<P STYLE="font: bold 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: 0in">4.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</I></FONT>Immediately prior to the Effective Time (as defined below) the authorized share capital of Merger Sub was US$[<FONT STYLE="font-family: Symbol">&middot;</FONT>]
divided into [<FONT STYLE="font-family: Symbol">&middot;</FONT>] ordinary shares of US$[<FONT STYLE="font-family: Symbol">&middot;</FONT>]
par value per share, of which [1] share has been issued.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">5.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</I></FONT>Immediately prior to the Effective Time, the authorized share capital of the Company was US$1,000,000 divided into 1,000,000,000
Shares of a par value of US$0.001 per share, comprising of 860,000,000 Class A Ordinary Shares, 40,000,000 are Class B Ordinary Shares
and 100,000,000 shares of such class or classes (however designated) as the Company Board may determine in accordance with the Company&rsquo;s
articles of association, of which [<FONT STYLE="font-family: Symbol">&middot;</FONT>] Class A Ordinary Shares and [<FONT STYLE="font-family: Symbol">&middot;</FONT>]
Class B Ordinary Shares have been issued and fully paid.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">6<I>.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></I>At the Effective Time, the authorized share capital of the Surviving Company shall be US$[<FONT STYLE="font-family: Symbol">&middot;</FONT>]
divided into [<FONT STYLE="font-family: Symbol">&middot;</FONT>] ordinary shares of US$[<FONT STYLE="font-family: Symbol">&middot;</FONT>]
par value per share.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">7<I>.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></I>At the Effective Time, and in accordance with the terms and conditions of the Agreement:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each Share of par value US$0.001 per share, of the Company issued and outstanding immediately prior to the Effective Time (other
than the Share represented by ADSs, Excluded Shares and the Dissenting Shares) shall be cancelled and cease to exist in exchange for the
right to receive the Per Share Merger Consideration, being US$4.00 per Share.</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)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each Class A Ordinary Share of par value US$0.001 per share, of the Company issued and outstanding which is represented by an ADS
(other than ADSs representing Excluded Shares) immediately prior to the Effective Time, shall be cancelled in exchange for the right to
receive the Per ADS Merger Consideration, being US$4.00 per ADS.</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">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each of the Excluded Shares issued and outstanding immediately prior to the Effective Time, shall be cancelled and cease to exist
without payment of any consideration or distribution therefor other than as set forth in the Support Agreements (as defined in the 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">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each of the Dissenting Shares shall be cancelled and shall cease to exist in accordance with Section 2.03 of the Agreement and
thereafter represent only the right to receive the applicable payments set forth in Section 2.03 of the 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"></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">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> Each ordinary share, par value US$[&#9679;] per share, of Merger Sub issued and outstanding immediately prior to the Effective
Time shall be converted into and become one&nbsp;(1) validly issued, fully paid and non-assessable ordinary share, par value US$[&#9679;]
per share, of the Surviving Company. Such ordinary shares shall constitute the only issued and outstanding share capital of the Surviving
Company, which shall be reflected in the register of members of the Surviving Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">8.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</I></FONT>At the Effective Time, the rights and restrictions attaching to the ordinary shares of the Surviving Company are set out in
the Amended and Restated Memorandum of Association and Articles of Association of the Surviving Company in the form attached as <U>Appendix
II</U> to this Plan of Merger.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">9.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</I></FONT>The Merger shall take effect on [&#9679;] (the &ldquo;<B>Effective Time</B>&rdquo;).</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">10.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</I></FONT>At the Effective Time, the rights, property of every description including choses in action, and the business, undertaking,
goodwill, benefits, immunities and privileges of each of the Constituent Companies shall immediately vest in the Surviving Company which
shall be liable for and subject, in the same manner as the Constituent Companies, to all mortgages, charges, or security interests and
all contracts, obligations, claims, debts and liabilities of each of the Constituent Companies.</P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">MEMORANDUM OF ASSOCIATION AND ARTICLES OF ASSOCIATION</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">11.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</I></FONT>The Memorandum of Association and Articles of Association of the Surviving Company shall be amended and restated in the form
attached as <U>Appendix II</U> to this Plan of Merger at the Effective Time.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">12.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</I></FONT>There are no amounts or benefits payable to the directors of the Constituent Companies on the Merger becoming effective.</P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">DIRECTORS OF THE SURVIVING COMPANY</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">13.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</I></FONT>The names and addresses of the directors of the Surviving Company are as follows:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; border: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt"><B>NAME</B></TD>
    <TD STYLE="width: 50%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt"><B>ADDRESS</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt">[&#9679;]</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt">[&#9679;]</TD></TR>
  </TABLE>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">14.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</I></FONT>(a)&#9;Merger Sub has no secured creditors and has not granted any other fixed or floating security interests as at the date
of this Plan of Merger; and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company has no secured creditors and has granted no fixed or floating security interests that are outstanding as at the date of this Plan
of Merger.</P>




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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">15<I>.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></I>This Plan of Merger may be terminated or amended pursuant to the terms and conditions of the Agreement at any time prior to
the Effective Time.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">16.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</I></FONT>At any time prior to the Effective Time, this Plan of Merger may be amended by the board of directors of both the Surviving
Company and Merger Sub in accordance with Section 235(1) of the Companies Act, including to effect (i) a change to the Effective Time
(<I>provided</I> that any such change is in compliance with section 234 of the Companies Act) and/or (ii) any other changes to this Plan
of Merger which the directors of both the Surviving Company and Merger Sub deem advisable, provided, that such changes do not materially
adversely affect any rights of the shareholders of the Surviving Company or Merger Sub, as determined by the directors of both the Surviving
Company and Merger Sub, respectively.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">17.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;<I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</I></FONT>This Plan of Merger has been approved by the board of directors of each of Merger Sub and the Company pursuant to section
233(3) of the Companies Act.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">18<I>.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></I>This Plan of Merger has been authorized by the shareholders of each of Merger Sub and the Company pursuant to section 233(6)
of the Companies Act.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">19.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</I></FONT>This Plan of Merger may be executed by facsimile and in one or more counterparts, each of which shall be deemed an original
and 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-align: justify; text-indent: 0in">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">20<I>.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></I>This Plan of Merger shall be governed by and construed in accordance with the laws of the Cayman Islands.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">For and on behalf of Kidarena Merger Sub:</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">[Name]<BR>
Director</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">For and on behalf of Tarena International, Inc.:</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">[Name]<BR>
Director</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: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">APPENDIX I</P>

<P STYLE="font: bold 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">(the Agreement)</P>

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

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

<P STYLE="font: bold 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">(Amended and Restated Memorandum of Association
and Articles of Association of the Surviving Company)</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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    <DIV STYLE="break-before: page; 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"><B><U>SCHEDULE A</U></B></P>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 5.4pt; border: Black 1pt solid; width: 31%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Rollover Shareholder</B></FONT></TD>
    <TD STYLE="padding-top: 5.4pt; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 69%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Rollover Shares</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 5.4pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Learningon Limited</FONT></TD>
    <TD STYLE="padding-top: 5.4pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)&nbsp;7,206,059 Class B Ordinary Shares, and (ii) 2,193,223 Class A Ordinary Shares represented by 2,193,223 restricted ADSs &nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 5.4pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Techedu Limited</FONT></TD>
    <TD STYLE="padding-top: 5.4pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,152,183 Class A Ordinary Shares</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 5.4pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Moocon Education Limited</FONT></TD>
    <TD STYLE="padding-top: 5.4pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,000,000 Class A Ordinary Shares</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 5.4pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Connion Capital Limited</FONT></TD>
    <TD STYLE="padding-top: 5.4pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3,594,439 Class A Ordinary Shares represented by 3,594,439 restricted ADSs</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 5.4pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mr. Han Shaoyun</FONT></TD>
    <TD STYLE="padding: 5.4pt 5.4pt 12pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">415,000 Class A Ordinary Shares </FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 5.4pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Talent Fortune Investment Limited</FONT></TD>
    <TD STYLE="padding: 5.4pt 5.4pt 12pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6,826,263 Class A Ordinary Shares</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 5.4pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">New Oriental Education &amp; Technology Group Inc.</FONT></TD>
    <TD STYLE="padding: 5.4pt 5.4pt 12pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,000,000 Class A Ordinary Shares</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 5.4pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Banyan Enterprises A Limited</FONT></TD>
    <TD STYLE="padding: 5.4pt 5.4pt 12pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">127,173 Class A Ordinary Shares</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 5.4pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Banyan Enterprises Limited</FONT></TD>
    <TD STYLE="padding: 5.4pt 5.4pt 12pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">720,644 Class A Ordinary Shares</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

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

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    <DIV STYLE="break-before: page; 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: center"><B>&nbsp;</B></P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>SCHEDULE 2.02</U></B></P>

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

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

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    <!-- Field: /Page -->

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

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