[EXCEED COMPANY LTD. [ ], 2014 Shareholders of Exceed Company Ltd. Re: Notice of Extraordinary General Meeting of Shareholders Dear Shareholder: [●] [●] [●] You are cordially invited to attend an extraordinary general meeting of shareholders of Exceed Company Ltd. (the “Company”) to be held on At the extraordinary general meeting you will be asked to consider and vote upon] [COMMITMENT LETTER December 2, 2013 Pan Long Company Limited 4th Floor, Harbour Centre P O Box 613 George Town, Grand Cayman Cayman Islands, British West Indies Attention: Shuipan Lin Ladies and Gentlemen: Sponsor Parent Merger Agreement Company Merger Sub Merger This letter agreement sets forth the commitment of Mr. Shuipan Lin (the “ Equity Commitment 1. Closing Equity Commitment (a)] [EXCEED COMPANY LTD. Company Independent Committee Equity Commitment Letter Sponsor Parent This CONSENT is provided this 13th day of March, 2014 by Exceed Company Ltd. (the “ RECITALS Merger Agreement Merger Sub Merger WHEREAS, Parent entered into an agreement and plan of merger (the “ CONSENT This Consent is limited precisely as written and, except as expressly set forth herein,] [] []