Common use of Valid Issuance of Share Capital Clause in Contracts

Valid Issuance of Share Capital. The total number of all classes of share capital which the Company has authority to issue is 50,000,000 Ordinary Shares. As of the date hereof, the Company has issued 2,875,000 ordinary shares (of which up to 375,000 ordinary shares are subject to forfeiture as described in the Registration Statement related to the IPO) and has not issued any preference shares. All of the issued share capital of the Company has been duly authorized, validly issued, and are fully paid and non-assessable.

Valid Issuance of Share Capital. The total number of all classes of share capital which the Company has authority to issue is 50,000,000 (i) an unlimited number of Ordinary SharesShares and (ii) an unlimited number of preferred shares. As of the date hereof, the Company has issued 2,875,000 ordinary shares 1,150,000 Ordinary Shares (of which up to 375,000 ordinary shares 150,000 Ordinary Shares are subject to forfeiture as described in the Registration Statement registration statement related to the IPO) and has not no preferred shares issued any preference sharesand outstanding. All of the issued share capital of the Company has been duly authorized, validly issued, and are fully paid and non-assessable.

Valid Issuance of Share Capital. The total number of all classes of share capital which the Company has authority to issue is 50,000,000 (i) 150,000,000 Ordinary SharesShares and (ii) 1,000,000 undesignated preference shares. As of the date hereof, the Company has issued 2,875,000 ordinary shares 1,725,000 Ordinary Shares (of which up to 375,000 ordinary shares 225,000 Ordinary Shares are subject to forfeiture as described in the Registration Statement related to the IPO) and has not issued any preference shares. All of the issued share capital of the Company has been duly authorized, validly issued, and are fully paid and non-assessable.

Valid Issuance of Share Capital. The total number of all classes of share capital which the Company has authority to issue is 50,000,000 (i) an unlimited number of Ordinary SharesShares and (ii) an unlimited number of preferred shares. As of the date hereof, the Company has issued 2,875,000 ordinary shares 1,437,500 Ordinary Shares (of which up to 375,000 ordinary shares 187,500 Ordinary Shares are subject to forfeiture as described in the Registration Statement related to the IPOStatement) and has not no preferred shares are issued any preference sharesand outstanding. All of the issued share capital of the Company has been duly authorized, validly issued, and are fully paid and non-assessable.

Valid Issuance of Share Capital. The total number of all classes of share capital which the Company has authority to issue is 50,000,000 (i) an unlimited number of Ordinary SharesShares and (ii) an unlimited number of preferred shares. As of the date hereof, the Company has issued 2,875,000 ordinary shares Ordinary Shares (of which up to 375,000 ordinary shares Ordinary Shares are subject to forfeiture as described in the Registration Statement related to the IPO) and has not no preferred shares issued any preference sharesand outstanding. All of the issued share capital of the Company has been duly authorized, validly issued, and are fully paid and non-assessable.

Valid Issuance of Share Capital. The total number of all classes of share capital which the Company has authority to issue is (i) 50,000,000 Ordinary Shares, and 2,500,000 undesignated preference shares. As of the date hereof, the Company has issued 2,875,000 1,725,000 ordinary shares (of which up to 375,000 225,000 ordinary shares are subject to forfeiture as described in the Registration Statement related to the IPO) and has not issued any preference shares. All of the issued share capital of the Company has been duly authorized, validly issued, and are fully paid and non-assessable.

Valid Issuance of Share Capital. The total number of all classes of share capital which the Company has authority to issue is 50,000,000 (i) an unlimited number of Ordinary SharesShares and (ii) an unlimited number of preferred shares. As of the date hereof, the Company has issued 2,875,000 ordinary shares 1,150,000 Ordinary Shares (of which up to 375,000 ordinary shares 150,000 of such Ordinary Shares are subject to forfeiture as described in the Registration Statement registration statement related to the Company’s IPO) and has not no preferred shares issued any preference sharesand outstanding. All of the issued share capital of the Company has been duly authorized, validly issued, and are fully paid and non-assessable.

Valid Issuance of Share Capital. The total number of all classes of share capital which the Company has authority to issue is 50,000,000 (i) an unlimited number of Ordinary SharesShares and (ii) an unlimited number of preferred shares. As of the date hereof, the Company has issued 2,875,000 ordinary 3,450,000 Ordinary Shares and no preferred shares (of which up to 375,000 ordinary shares are subject to forfeiture as described in the Registration Statement related to the IPO) issued and has not issued any preference sharesoutstanding. All of the issued share capital of the Company has been duly authorized, validly issued, and are fully paid and non-assessable.

Valid Issuance of Share Capital. The total number of all classes of share capital which the Company has authority to issue is 50,000,000 (i) an unlimited number of Ordinary SharesShares and (ii) an unlimited number of preferred shares. As of the date hereof, the Company has issued 2,875,000 ordinary shares 1,437,500 Ordinary Shares (of which up to 375,000 ordinary shares 187,500 Ordinary Shares are subject to forfeiture as described in the Registration Statement registration statement related to the IPO) and has not no preferred shares issued any preference sharesand outstanding. All of the issued share capital of the Company has been duly authorized, validly issued, and are fully paid and non-assessable.

Valid Issuance of Share Capital. The total number of all classes of share capital which the Company has authority to issue is 50,000,000 (i) an unlimited number of Ordinary SharesShares and (ii) an unlimited number of preferred shares. As of the date hereof, the Company has issued 2,875,000 ordinary shares 1,725,000 Ordinary Shares (of which up to 375,000 ordinary shares 225,000 Ordinary Shares are subject to forfeiture as described in the Registration Statement registration statement related to the Company’s IPO) and has not no preferred shares issued any preference sharesand outstanding. All of the issued share capital of the Company has been duly authorized, validly issued, and are fully paid and non-assessable.

Valid Issuance of Share Capital. The total number of all classes of share capital which the Company has authority to issue is 50,000,000 (i) 500,000,000 Ordinary SharesShares and (ii) 5,000,000 undesignated preference shares. As of the date hereof, the Company has issued 2,875,000 ordinary shares Ordinary Shares (of which up to 375,000 ordinary shares Ordinary Shares are subject to forfeiture as described in the Registration Statement registration statement related to the IPO) and has not no preferred shares are issued any preference sharesand outstanding. All of the issued share capital of the Company has been duly authorized, validly issued, and are fully paid and non-assessable.

Valid Issuance of Share Capital. The total number of all classes of share capital which the Company has authority to issue is 50,000,000 (i) 500,000,000 Ordinary SharesShares with a par value of US$0.0001 each. As of the date hereof, 2,156,250 ordinary shares of the Company has are issued 2,875,000 ordinary shares (of which up to 375,000 ordinary shares are subject to forfeiture as described in and outstanding, and the Registration Statement related to the IPO) and Company has not issued any preference shares. All of the issued share capital of the Company has been duly authorized, validly issued, and are fully paid and non-assessable.

Valid Issuance of Share Capital. The total number of all classes of share capital which the Company has authority to issue is (i) 50,000,000 Ordinary Shares, and 1,000,000 undesignated preference shares. As of the date hereof, the Company has issued 2,875,000 1,150,000 ordinary shares (of which up to 375,000 150,000 ordinary shares are subject to forfeiture as described in the Registration Statement related to the IPO) and has not issued any preference shares. All of the issued share capital of the Company has been duly authorized, validly issued, and are fully paid and non-assessable.

Valid Issuance of Share Capital. The total number of all classes of share capital which the Company has authority to issue is 50,000,000 (i) 500,000,000 Ordinary SharesShares with a par value of US$0.0001 each. As of the date hereof, 1,437,500 ordinary shares of the Company has are issued 2,875,000 ordinary shares (of which up to 375,000 ordinary shares are subject to forfeiture as described in and outstanding, and the Registration Statement related to the IPO) and Company has not issued any preference shares. All of the issued share capital of the Company has been duly authorized, validly issued, and are fully paid and non-assessable.

Valid Issuance of Share Capital. The total number of all classes of share capital which the Company has authority to issue is (i) 50,000,000 Ordinary Shares, and 2,500,000 undesignated preference shares. As of the date hereof, the Company has issued 2,875,000 ordinary shares (of which up to 375,000 ordinary shares are subject to forfeiture as described in the Registration Statement related to the IPO) and has not issued any preference shares. All of the issued share capital of the Company has been duly authorized, validly issued, and are fully paid and non-assessable.

Valid Issuance of Share Capital. The total number of all classes of share capital which the Company has authority to issue is 50,000,000 Ordinary Shares(i) 16,000,000 shares of Common Stock, and 1,000,000 undesignated shares of preferred stock. As of the date hereof, the Company has issued 2,875,000 ordinary 1,437,500 shares of Common Stock (of which up to 375,000 ordinary 187,500 shares of Common Stock are subject to forfeiture as described in the Registration Statement related to the IPO) and has not issued any preference sharesshares of preferred stock. All of the issued share capital of the Company has been duly authorized, validly issued, and are fully paid and non-assessable.

Valid Issuance of Share Capital. The total number of all classes of share capital which the Company has authority to issue is 50,000,000 (i) an unlimited number of Ordinary SharesShares and (ii) an unlimited number of preferred shares. As of the date hereof, the Company has issued 2,875,000 ordinary shares and outstanding 1,437,500 Ordinary Shares (of which up to 375,000 ordinary shares 187,500 Ordinary Shares are subject to forfeiture as described in the Registration Statement registration statement related to the IPO) and has not no preferred shares issued any preference sharesand outstanding. All of the issued share capital of the Company has been duly authorized, validly issued, and are fully paid and non-assessable.

Valid Issuance of Share Capital. The total number of all classes of share capital which the Company has authority to issue is 50,000,000 Ordinary Shares(i) 300,000,000 Common Stock, and 100,000,000 undesignated preference shares. As of the date hereof, the Company has issued 2,875,000 ordinary and outstanding 3,125,000 shares of Common Stock (of which up to 375,000 ordinary 425,000 shares are subject to forfeiture as described in the Registration Statement related to the IPOStatement) and has not issued any preference sharesno shares of Preferred Stock. All of the issued share shares of capital stock of the Company has have been duly authorized, validly issued, and are fully paid and non-assessable.. {N0382191 2 }

Valid Issuance of Share Capital. The total number of all classes of share capital which the Company has authority to issue is 50,000,000 (i) 500,000,000 Ordinary SharesShares with a par value of US$0.0001 each. As of the date hereof, 1,725,000 ordinary shares of the Company has are issued 2,875,000 ordinary shares (of which up to 375,000 ordinary shares are subject to forfeiture as described in and outstanding, and the Registration Statement related to the IPO) and Company has not issued any preference shares. All of the issued share capital of the Company has been duly authorized, validly issued, and are fully paid and non-assessable.

Valid Issuance of Share Capital. The total number of all classes of share capital which the Company has authority to issue is 50,000,000 (i) 500,000,000 Ordinary SharesShares with a par value of US$0.0001 each. As of the date hereof, 1,868,750 ordinary shares of the Company has are issued 2,875,000 ordinary shares (of which up to 375,000 ordinary shares are subject to forfeiture as described in and outstanding, and the Registration Statement related to the IPO) and Company has not issued any preference shares. All of the issued share capital of the Company has been duly authorized, validly issued, and are fully paid and non-assessable.

Valid Issuance of Share Capital. The total number of all classes of share capital which the Company has authority to issue is 50,000,000 Ordinary Shares200,000,000 shares of common stock. As of the date hereof, the Company has issued 2,875,000 ordinary 1,725,000 Common Shares (225,000 shares (of which up are subjected to 375,000 ordinary shares forfeiture and none are subject to forfeiture redemption as described in the Registration Statement registration statement related to the IPO) and has not issued any preference shares). All of the issued share capital of the Company has been duly authorized, validly issued, and are fully paid and non-assessable.

Valid Issuance of Share Capital. The total number of all classes of share capital which the Company has authority to issue is 50,000,000 Ordinary Shares. As of the date hereof, the Company has issued 2,875,000 1,725,000 ordinary shares (of which up to 375,000 225,000 ordinary shares are subject to forfeiture as described in the Registration Statement related to the IPO) and has not issued any preference shares. All of the issued share capital of the Company has been duly authorized, validly issued, and are fully paid and non-assessable.

Valid Issuance of Share Capital. The total number of all classes of share capital which the Company has authority to issue is 50,000,000 (i) an unlimited number of Ordinary SharesShares and (ii) an unlimited number of preferred shares. As of the date hereof, the Company has issued 2,875,000 ordinary shares Ordinary Shares (of which up to 375,000 ordinary shares Ordinary Shares are subject to forfeiture as described in the Registration Statement registration statement related to the IPO) and has not no preferred shares issued any preference sharesand outstanding. All of the issued share capital of the Company has been duly authorized, validly issued, and are fully paid and non-assessable.

Valid Issuance of Share Capital. The total number of all classes of share capital which the Company has authority to issue is 50,000,000 500,000,000 Ordinary Shares. As of the date hereof, the Company has issued 2,875,000 1,725,000 ordinary shares (of which up to 375,000 225,000 ordinary shares are subject to forfeiture as described in the Registration Statement related to the IPO) and has not issued any preference shares. All of the issued share capital of the Company has been duly authorized, validly issued, and are fully paid and non-assessable.

Valid Issuance of Share Capital. The total number of all classes of share capital which the Company has authority to issue is 50,000,000 (i) an unlimited number of Ordinary SharesShares and (ii) an unlimited number of preferred shares. As of the date hereof, the Company has issued and outstanding 2,875,000 ordinary shares Ordinary Shares (of which up to 375,000 ordinary shares Ordinary Shares are subject to forfeiture as described in the Registration Statement registration statement related to the IPO) and has not no preferred shares issued any preference sharesand outstanding. All of the issued share capital of the Company has been duly authorized, validly issued, and are fully paid and non-assessable.

Valid Issuance of Share Capital. The total number of all classes of share capital which the Company has authority to issue is 50,000,000 Ordinary Shares(i) 100,000,000 shares of Common Stock and (ii) 1,000,000 undesignated preference shares. As of the date hereof, the Company has issued 2,875,000 ordinary shares of Common Stock (of which up to 375,000 ordinary shares of Common Stock are subject to forfeiture as described in the Registration Statement registration statement related to the IPO) and has not no preferred shares are issued any preference sharesand outstanding. All of the issued share capital of the Company has been duly authorized, validly issued, and are fully paid and non-assessable.

Valid Issuance of Share Capital. The total number of all classes of share capital which the Company has authority to issue is 50,000,000 Ordinary Shares. As of the date hereof, the Company has issued 2,875,000 1,897,500 ordinary shares (of which up to 375,000 247,500 ordinary shares are subject to forfeiture as described in the Registration Statement related to the IPO) and has not issued any preference shares. All of the issued share capital of the Company has been duly authorized, validly issued, and are fully paid and non-assessable.

Valid Issuance of Share Capital. The total number of all classes of share capital which the Company has authority to issue is 50,000,000 (i) 500,000,000 Ordinary SharesShares and (ii) 5,000,000 undesignated preference shares. As of the date hereof, the Company has issued 2,875,000 ordinary shares 1,150,000 Ordinary Shares (of which up to 375,000 ordinary shares 150,000 Ordinary Shares are subject to forfeiture as described in the Registration Statement registration statement related to the IPO) and has not no preferred shares are issued any preference sharesand outstanding. All of the issued share capital of the Company has been duly authorized, validly issued, and are fully paid and non-assessable.

Valid Issuance of Share Capital. The total number of all classes of share capital which the Company has authority to issue is 50,000,000 Ordinary 100,000,000,000 Shares. As of the date hereof, the Company has issued 2,875,000 ordinary shares (of which up to 375,000 ordinary shares are subject to forfeiture as described in the Registration Statement related to the IPO) and has not issued any preference shares. All of the issued share capital of the Company has been duly authorized, validly issued, and are fully paid and non-assessable.

Valid Issuance of Share Capital. The total number of all classes of share capital which the Company has authority to issue is 50,000,000 (i) 100,000,000 Ordinary SharesShares and (ii) 1,000,000 preferred shares. As of the date hereof, the Company has issued 2,875,000 ordinary shares 1,437,500 Ordinary Shares (of which up to 375,000 ordinary shares 187,500 Ordinary Shares are subject to forfeiture as described in the Registration Statement related to the IPO) and has not no preferred shares issued any preference sharesand outstanding. All of the issued share capital of the Company has been duly authorized, validly issued, and are fully paid and non-assessable.

Valid Issuance of Share Capital. The total number of all classes of share capital which the Company has authority to issue is 50,000,000 (i) unlimited number of Ordinary Shares, and five classes unlimited preferred shares. As of the date hereof, the Company has issued 2,875,000 1,487,500 ordinary shares (of which up to 375,000 187,500 ordinary shares are subject to forfeiture as described in the Registration Statement related to the IPO) and has not issued any preference shares. All of the issued share capital of the Company has been duly authorized, validly issued, and are fully paid and non-assessable.

Valid Issuance of Share Capital. The total number of all classes of share capital which the Company has authority to issue is 50,000,000 Ordinary Shares(i) 300,000,000 Common Stock, and 100,000,000 undesignated preference shares. As of the date hereof, the Company has issued 2,875,000 ordinary and outstanding 3,162,500 shares of Common Stock (of which up to 375,000 ordinary 412,500 shares are subject to forfeiture as described in the Registration Statement related to the IPOStatement) and has not issued any preference sharesno shares of Preferred Stock. All of the issued share shares of capital stock of the Company has have been duly authorized, validly issued, and are fully paid and non-assessable.. {N0405972}