Mutual Termination Agreement dated May 24, 2024 by and among Ace, Purchaser, Merger Sub and the Company

Exhibit 10.1

Mutual Termination Agreement

This Mutual Termination Agreement (this “Agreement”) is entered into as of 24 May, 2024 (the “Effective Date”) by and among (i) Ace Global Business Acquisition Limited, a British Virgin Islands business company (“Parent”); (ii) ACBA Merger Sub I Limited, a British Virgin Islands business company and wholly owned subsidiary of Parent (“Purchaser”); (iii) ACBA Merger Sub II Limited, a British Virgin Islands business company and wholly owned subsidiary of Purchaser (“Merger Sub” and together with Parent and Purchaser, the “Purchaser Parties”); and (iv) LE Worldwide Limited, a British Virgin Islands business company (the “Company” and together with Parent, Purchaser and Merger Sub, the “Parties” and each, a “Party”).

WHEREAS, the Parties previously entered into that certain Business Combination Agreement dated December 23, 2022 between Parent and the Company (as supplemented by a Joinder Agreement dated March 2, 2023 between Parent, the Company, Purchaser and Merger Sub and as amended on July 6, 2023 and September 19, 2023) (the “Merger Agreement”); and

WHEREAS, pursuant to Section 14.1(a) of the Merger Agreement, the Parties desire to terminate the Merger Agreement by mutual written consent of the Purchaser Parties and the Company, as provided herein.

NOW THEREFORE, in consideration of the premises and the mutual agreements and covenants hereinafter set forth, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows:

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IN WITNESS WHEREOF, the Parties have duly executed this Agreement as of the date first written above.