0001104659-23-005470 Sample Contracts

TIAN RUIXIANG HOLDINGS LTD (the “Issuer”) AND [TRUSTEE] (the “Trustee”) INDENTURE Dated as of [●], 20[●] Subordinated Debt Securities
Indenture • January 20th, 2023 • Tian Ruixiang Holdings LTD • Insurance agents, brokers & service • New York

INDENTURE, dated as of [●], 20[●], among TIAN RUIXIANG Holdings Ltd, a Cayman Islands company (the “Company”), and [TRUSTEE], as trustee (the “Trustee”).

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