Contract analysis

1. Transaction Background As the Escrow Agent is aware, the Company has entered into a Note Purchase Agreement, dated on or about January 15, 2024 (the "Note Purchase Agreement"), by and among the Company and the Purchasers, pursuant to which the Purchasers have agreed to purchase, and the Company has agreed to issue and sell, convertible promissory notes in the aggregate principal amount of Sixty Million Dollars ($6

2. Wire Transfer Instructions for Disbursement to the Company Upon receipt by the Escrow Agent of joint written release instructions duly executed by the Company and the Purchasers (or the requisite number of Purchasers, as applicable) in the form contemplated by Section 3(a) of the Escrow Agreement, the Escrow Agent is hereby instructed to disburse the applicable closing funds from the Escrow Account (subject to the

3. Deduction of Escrow Agent Fee Pursuant to Section 5 of the Escrow Agreement, the Company has agreed to bear and pay the Escrow Agent's compensation for its services under the Escrow Agreement. The Company hereby acknowledges and confirms that the Escrow Agent is authorized to deduct its flat escrow fee of Seven Thousand Five Hundred Dollars ($7,500.00) from the escrow funds held in the Escrow Account prior to maki

4. Confirmation and Contact Information The Company respectfully requests that the Escrow Agent confirm its receipt of the wire transfer instructions set forth in this letter and acknowledge its readiness to process disbursements from the Escrow Account upon receipt of joint written release instructions in accordance with the Escrow Agreement. Such confirmation may be provided by email to the Company's primary contac

5. Authorization and Irrevocability The wire transfer instructions set forth in Section 2 of this letter are irrevocable and shall remain in full force and effect unless and until superseded by subsequent written instructions signed by an authorized officer of Skybridge Fintech Ltd. and delivered to the Escrow Agent in accordance with the notice provisions set forth in Section 8 of the Escrow Agreement. Any such supe

6. Governing Law This letter and the wire transfer instructions contained herein shall be governed by and construed in accordance with the laws of the State of Delaware, without regard to the conflicts of law principles thereof, consistent with the governing law provision set forth in Section 9 of the Escrow Agreement. The parties' rights and obligations under this letter are supplementary to, and not in derogation o