MEMORANDUM OF UNDERSTANDING

MULTIPLE PROPOSALS JADE MARVEL GROUP BERHAD (“JMGB” OR THE “COMPANY”) (I) PRIVATE PLACEMENT; AND (II) SHARE SPLIT (COLLECTIVELY, THE “CORPORATE EXERCISES”)

MULTIPLE PROPOSALS JADE MARVEL GROUP BERHAD (“JMGB” OR THE “COMPANY”) (I) PRIVATE PLACEMENT; AND (II) SHARE SPLIT (COLLECTIVELY, THE “CORPORATE EXERCISES”)