展示4.1

投资者通知书

这项投资涉及高风险，只适合那些能够承担经济风险并能够承受长期经济风险，且有能力承受全部投资损失的人。投资者应进一步了解该投资是非流动的，预计将长期保持非流动状态。

本次所提供的证券未在1933年修改后的证券法（以下简称“证券法”）或任何州证券或蓝天法下进行注册，且根据证券法和州证券或蓝天法的登记要求豁免规定进行提供和销售。尽管已向证券交易委员会（以下简称“SEC”）提交了募集声明文件（以下简称“募集声明”），但该募集声明不包括在证券法注册声明中将包含的信息。本次所提供的证券未经SEC、任何州证券委员会或其他监管机构批准或驳回，也未经上述任何机构审查与本认购协议相关的募集的优点或本认购协议的充分性或准确性，或已向拟投资者提供与本认购协议相关的任何其他材料或信息。对此表示相反的言论均为非法。

此处提供的证券不能被出售或以其他方式转让，除非符合证券法规定。此外，此处提供的证券不能被出售或以其他方式转让，除非符合适用州证券或“蓝天”法律。

为判断是否可以免除证券法的登记要求与本认购协议相关的发行，公司将依赖于每位投资者在本认购协议中包含的陈述和保证以及每位投资者在此提供的其他信息。

潜在投资者可能不将本认购协议、发行说明书或公司提供的其他材料（统称为“发行材料”），以及公司或其任何董事、员工或代理人（包括“试水”材料）的任何先前或随后的通信视为投资、法律或税务建议。在作出投资决定时，投资者必须依赖于对公司及本认购协议有关的发行条款的自身检查，包括所涉及的优点和风险。每位潜在投资者应当就涉及该投资的法律、税务和其他相关事项征询其自身的律师、会计师和其他专业顾问。

发售文件可能包含前瞻性声明和与公司、其 商业计划、其经营策略和其行业相关的信息。这些前瞻性声明是基于公司管理层的信念、假设和当前可获得的信息。在发售文件中使用“估计”、“预测”、“相信”、“预期”、“打算”、“期望”及类似表达的词语旨在识别构成前瞻性声明的内容。这些声明反映管理层对未来事件的当前看法，可能受到可能导致公司实际结果与前瞻性声明中所含内容大幅不同的风险和不确定性的影响。投资者应当谨慎对待这些前瞻性声明，这些前瞻性声明仅于其发布之日起有效。公司不承担任何更新这些前瞻性声明以反映事件或情况之后的义务，也不反映意外事件的发生。

Subscription协议

本订阅协议（“订阅协议”或“协议”）是由特立休控股公司（Remark Holdings, Inc.），一家特拉华州公司（“公司”），与签署的投资者（“投资者”），于签名页所载日期订立的。未在此处定义但使用的任何术语应具有发行说明书（下文定义）中规定的含义。

前言

鉴于公司正在以底二层根据证券法规A项发布的15%累积可赎回永续优先股最高750,000股（每股“股票”，合称“股票”）的方式进行销售，按每股100美元（“股票购买价格”）的发行价格（“发行”），以尽力而为。

鉴于，投资者希望以签字页上所载股票购买价格获取那些股份（“标的股份”）。

鉴于，本次发行将在以下时间中的最早时间终止：(a) 最大发行额全部售出之日，(b) 自SEC资格认定日起第三周年，或(c) 我们自行决定提前终止本次发行之日(在每种情况下均为“终止日期”)。

现在，鉴于上述情况并双方以下列互惠契约，各方特此一致同意如下：

1. 订阅。

(a) 投资者特此不可撤销地订购，并同意以在此签名页上列明的股票购买价格购买标的股份，在此规定的条件和条款下。投资者订购的标的股份的总购买价格（“购买价格”）应按照第2条所规定的方式支付给公司。

(b) 投资者知悉，股份根据2024年10月[●]日的发行简章及其附件（统称“发行简章”），随时进行补充，按照向SEC提交的要求出售。通过认购所述股份，投资者确认已收到并审阅了发行简章的副本以及投资所需的其他信息，以便做出关于所述股份的投资决策。

(c) 本订阅协议可能在终止日期之前的任何时间被公司全面或部分接受或拒绝，理由可以有也可以没有，由公司自行全权决定。公司将通知投资者本订阅协议是否被接受或拒绝。若被拒绝，投资者的付款将无息退还给投资者，投资者在本协议项下的所有义务将终止，但第5节的义务除外，该义务将继续有效。

(d) 本订阅协议的条款应当对投资者及投资者的被许可受让人、继承人、成功人及受让人（统称为“受让人”）具有约束力； 然而为使任何此类转让生效，拟议受让人应当事先向公司签署并递交一份公司认可的形式文件，根据公司单方决定的意愿，拟议受让人应承认并同意受制于投资者的陈述和担保以及本订阅协议的条款。未经公司同意，不得转让本协议，公司可行使其单方和绝对自主的决定权拒绝同意。

2. 付款和购买 程序。 购买价格应同时与投资者交付本认购协议时支付。投资者应按照本部分8中规定的方式支付标的股份的购买价格。投资者承认，为了认购股份，投资者必须完全遵守本部分8中规定的购买程序要求。

3. 公司的声明和保证。 公司向投资者声明并保证，本认购协议日期之时，以下各项均属真实完整。

(a) 该公司是一家合法成立并依据特拉华州法律有效存在并良好经营的公司。公司拥有所有必要的权力和权威来拥有和经营其财产和资产，以执行和交付本认购协议、相关股份以及本协议下所需的任何其他协议或文件。公司已合法取得资格，并被授权在其活动性质及其拥有和租赁的财产（包括所有权和租用权）所必须的所有司法管辖区作业，并且取得良好地位，除了未取得资格可能不会对公司或其业务造成重大不利影响的司法管辖区外。

(b) 根据本认购协议授权，按照公司一切必要的公司行动，主要股份的发行、出售和交付已被妥善授权。主要股份根据本认购协议的规定发行、出售并交付相应的款项后，将被妥善且有效地发行，充分支付且不可评估。

(c) 公司接受本认购协议并完成本协议所规定的交易已经得到公司必要的公司行为的授权。一旦公司接受本认购协议，本认购协议应构成公司的有效和具有约束力的协议，根据其条款对公司具有强制执行力，除非(i)受适用特定破产、无力清偿债务、重组、停止支付或其他普遍适用于影响债权人权利执行的法律的限制和(ii) 被制约的平等原则限制了补救措施的可获得性。

(d) 假设投资者在本第 4 节中所作的陈述和保证的准确性，除了（i）可能需要根据A条例或任何适用州证券法进行的申报，（ii）已完成或获得的其他申报和批准，或（iii）未获得任何此类订货，许可证，同意，授权，批准或豁免或发出任何此类通知或进行任何申报或登记不会对公司履行本认购协议的能力产生重大不利影响，与公司就本认购协议的执行，交付和履行相关联的公司无需就此向任何政府机构，机构或官员申请订购，许可证，同意，授权或批准或豁免或采取行动或与之有关，或通知，或已提交或登记的任何登记。

(e) 在对股票进行首次投资前，公司的授权和未偿债券如招股简章所示。 除招股简章规定外，公司没有未行权期权、warrants、权利（包括转换或优先购买权 和优先购买权），或任何口头或书面形式的任何类型的购买或收购公司的任何证券的协议。

(f) 公司的基本报表副本符合《证券法》1-A表格要求，已提供给投资者，并出现在发行文件中。这些基本报表基于公司的账簿和记录，就绪时相对日期准确地全面展现了公司的财务状况以及公司运营和现金流情况。审核基本报表的审计公司是根据SEC采纳的规则和法规独立的会计师事务所。

(g) 除非在发行说明书中另有规定，否则不存在任何未决的诉讼、诉讼、仲裁、调解、投诉、索赔、指控或调查，也没有任何法院、仲裁员、调解员或政府机构正在进行的事项，或者据公司所知，目前没有以书面形式威胁（a）针对公司或（b）针对公司任何顾问、高管、经理、董事或关键雇员，并起因于其与公司的咨询、就业或董事会关系，或者可能对公司产生重大影响的事项。

4. 投资者的陈述和保证。 投资者向公司陈述并保证，本认购协议日期的每一条都属实且完整且符合一切主要内容。

(a) 必要的权力和权限。投资人在法律的所有适用规定下具有签署和交付本认购协议的所有必要权力和权限，并执行本协议的条款。在正确交付后，本认购协议将成为投资人的有效和具有约束力的义务，可按照其条款执行，但不受（i）适用于影响债权人权利执行的一般性破产、无力清偿、重组、停赠或其他法律限制，和（ii）一般公平原则限制衡平救济的条款限制。

(b) 公司发行简介; 公司资讯。 投资者承认发行说明书是公开提供的，可在SEC Edgar数据库的www.sec.gov上查看，并且投资者已阅读发行说明书。投资者承认发行说明书清楚说明了发行的条款和条件，并描述了相关的风险。投资者已有机会与公司的管理层就公司的业务、管理和财务事务进行讨论，并有机会查看公司的运作和设施。投资者也有机会向公司及其管理层提问，并得到回答，关于发行的条款和条件。投资者承认，除本文所述外，公司对投资者或投资者的任何顾问或代表并未就公司的业务或前景，或其财务状况作出任何陈述或保证。

(c) 投资经验; 投资者适格性。 投资者在财务和业务事项上具有足够的经验，能够评估股票的优点和风险，并做出相应的知情决定。或者，投资者已经利用购买代表的服务，他们共同具有足够的财务和业务事项经验，能够评估股票的优点和风险，并做出知情决定。投资者已经评估了投资股票的风险，包括在发行说明书中描述的风险因素，并确定此类投资对投资者来说是合适的。投资者有足够的财务资源进行这种投资。投资者有能力承受对股票投资的完全损失。

(d) 没有登记。 投资者明白这些股票并非根据证券法登记，而是因为其发行符合证券法下颁布的A条例的豁免情况，而依赖该豁免的部分原因是投资者和其他买家对这些股票在发售中的陈述和保证的真实性和准确性。

Investor further understands that the Shares are not being registered under the securities laws of any state, on the basis that the issuance thereof is exempt as an offer and sale not involving a registrable public offering in such state.

Investor covenants not to sell, transfer or otherwise dispose of any Shares, unless such Shares have been registered under the Securities Act and under applicable state securities laws or exemptions from such registration requirements are available.

(e) Illiquidity and Continued Economic Risk. Investor acknowledges and agrees that there is a limited public market for the Shares and that there is no guarantee that a market for their resale will continue to exist. Investor must, therefore, bear the economic risk of the investment in the Subject Shares indefinitely and Investor acknowledges that Investor is able to bear the economic risk of losing Investor’s entire investment in the Subject Shares.

(h) Valuation; Arbitrary Determination of Share Purchase Price by the Company. Investor acknowledges that the Share Purchase Price of the Shares in the Offering was set by the Company on the basis of the Company’s internal valuation and no warranties are made as to value. Investor further acknowledges that future offerings of securities of the Company may be made at lower valuations, with the result that Investor’s investment will bear a lower valuation.

(i) Domicile. Investor maintains Investor’s domicile (and is not a transient or temporary resident) at the address provided herein.

(j) Foreign Investors. If Investor is not a United States person (as defined by Section 7701(a)(30) of the Internal Revenue Code of 1986, as amended), Investor hereby represents that Investor is in full compliance with the laws of Investor’s jurisdiction in connection with any invitation to subscribe for the Shares or any use of this Subscription Agreement, including, without limitation, (1) the legal requirements within Investor’s jurisdiction for the purchase of the Subject Shares, (2) any foreign exchange restrictions applicable to such purchase, (3) any governmental or other consents that may need to be obtained, and (4) the income tax and other tax consequences, if any, that may be relevant to the purchase, holding, redemption, sale or transfer of the Subject Shares. Investor’s subscription and payment for and continued beneficial ownership of the Subject Shares will not violate any applicable securities or other laws of Investor’s jurisdiction.

(k) Fiduciary Capacity. If Investor is purchasing the Subject Shares in a fiduciary capacity for another person or entity, including, without limitation, a corporation, partnership, trust or any other juridical entity, Investor has been duly authorized and empowered to execute this Subscription Agreement and all other related documents. Upon request of the Company, Investor will provide true, complete and current copies of all relevant documents creating Investor, authorizing Investor’s investment in the Company and/or evidencing the satisfaction of the foregoing.

5. Indemnity. The representations, warranties and covenants made by Investor herein shall survive the consummation of this Subscription Agreement. Investor agrees to indemnify and hold harmless the Company and its officers, directors and agents, and each other person, if any, who controls the Company within the meaning of Section 15 of the Securities Act, against any and all loss, liability, claim, damage and expense whatsoever (including, but not limited to, any and all reasonable attorneys’ fees, including attorneys’ fees on appeal) and expenses reasonably incurred in investigating, preparing or defending against any false representation or warranty or breach of failure by Investor to comply with any covenant or agreement made by Investor herein or in any other document furnished by Investor to any of the foregoing in connection with the transaction contemplated hereby.

6. Governing Law; Jurisdiction. This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware, applicable to agreements made in and wholly to be performed in that jurisdiction with regards to the choice of law rules of such state, except for matters arising under the Securities Act or the Securities Exchange Act of 1934, as amended, which matters shall be construed and interpreted in accordance with such laws.

7. Notices. Notice, requests, demands and other communications relating to this Subscription Agreement and the transactions contemplated herein shall be in writing and shall be deemed to have been duly given if and when (a) delivered personally, on the date of such delivery; or (b) mailed by registered or certified mail, postage prepaid, return receipt requested, in the third day after the posting thereof; or (c) e-mailed on the date of such delivery to the address of the respective parties as follows, if to the Company, to Remark Holdings, Inc., 800 S. Commerce Street, Las Vegas, Nevada 89106 Attention: Kai-Shing Tao, Chief Executive Officer. If to Investor, at Investor’s address supplied in connection herewith, or to such other address as may be specified by written notice from time to time by the party entitled to receive such notice. Any notices, requests, demands or other communications by email shall be confirmed by letter given in accordance with (a) or (b) above.

8. Purchase Procedure. Investor acknowledges that, to subscribe for the Subject Shares, Investor must, and Investor does hereby, deliver (in a manner described below) to the Company:

(a) a single executed counterpart of the Subscription Agreement, which shall be delivered to the Company either by (1) physical delivery to: Remark Holdings, Inc., 800 S. Commerce Street, Las Vegas, Nevada 89106 Attention: Kai-Shing Tao, Chief Executive Officer; (2) e-mail to: stao@remarkholdings.com; and

(b) payment of the Purchase Price, which shall be delivered in the manner set forth in Annex I attached hereto and made a part hereof.

9. Miscellaneous. All pronouns and any variations thereof shall be deemed to refer to the masculine, feminine, neuter, singular or plural, as the identity of the person or persons or entity or entities may require. Other than as set forth herein, this Subscription Agreement is not transferable or assignable by Investor. The representations, warranties and agreements contained herein shall be deemed to be made by, and be binding upon, Investor and Investor’s heirs, executors, administrators and successors and shall inure to the benefit of the Company and its successors and assigns. None of the provisions of this Subscription Agreement may be waived, changed or terminated orally or otherwise, except as specifically set forth herein or except by a writing signed by the Company and Investor. In the event any part of this Subscription Agreement is found to be void or unenforceable, the remaining provisions are intended to be separable and binding with the same effect as if the void or unenforceable part were never in this Subscription Agreement. This Subscription Agreement supersedes all prior discussions and agreements between the Company and Investor, if any, with respect to the subject matter hereof and contains the sole and entire agreement between the Company and Investor with respect to the subject matter hereof. The terms and provisions of this Subscription Agreement are intended solely for the benefit of each party hereto and their respective successors and assigns, and it is not the intention of the parties to confer, and no provision hereof shall confer, third-party beneficiary rights upon any other person. The headings used in this Subscription Agreement have been inserted for convenience of reference only and do not define or limit the provisions hereof. In the event that either party hereto shall commence any suit, action or other proceeding to interpret this Subscription Agreement, or determine to enforce any right or obligation created hereby, then such party, if it prevails in such action, shall recover its reasonable costs and expenses incurred in connection therewith, including, but not limited to, reasonable attorneys’ fees and expenses and costs of appeal, if any. All notices and communications to be given or otherwise made to Investor shall be deemed to be sufficient if sent by e-mail to such address provided by Investor herein. Unless otherwise specified in this Subscription Agreement, Investor shall send all notices or other communications required to be given hereunder to the Company via e-mail at kai@remarkholdings.com. Any such notice or communication shall be deemed to have been delivered and received on the first business day following that on which the e-mail has been sent (assuming that there is no error in delivery). As used in this Section 9, the term “business day” shall mean any day other than a day on which banking institutions in the State of Delaware are legally closed for business. This Subscription Agreement may be executed in one or more counterparts. No failure or delay by any party in exercising any right, power or privilege under this Subscription Agreement shall operate as a waiver thereof, nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The rights and remedies herein provided shall be cumulative and not exclusive of any rights or remedies provided by law.

10. Consent to Electronic Delivery of Notices, Disclosures and Forms. Investor understands that, to the fullest extent permitted by law, any notices, disclosures, forms, privacy statements, reports or other communications (collectively, “Communications”) regarding the Company, Investor’s investment in the Company and the Subject Shares (including annual and other updates and tax documents) may be delivered by electronic means, such as by e-mail. Investor hereby consents to electronic delivery as described in the preceding sentence. In so consenting, Investor acknowledges that e-mail messages are not secure and may contain computer viruses or other defects, may not be accurately replicated on other systems or may be intercepted, deleted or interfered with, with or without the knowledge of the sender or the intended recipient. Investor also acknowledges that an e-mail from the Company may be accessed by recipients other than Investor and may be interfered with, may contain computer viruses or other defects and may not be successfully replicated on other systems. Neither the Company, nor any of its respective officers, directors and affiliates, and each other person, if any, who controls the Company within the meaning of Section 15 of the Securities Act (collectively, the “Company Parties”), gives any warranties in relation to these matters. Investor further understands and agrees to each of the following: (a) other than with respect to tax documents in the case of an election to receive paper versions, none of the Company Parties will be under any obligation to provide Investor with paper versions of any Communications; (b) electronic Communications may be provided to Investor via e-mail or a website of a Company Party upon written notice of such website’s internet address to such Investor. In order to view and retain the Communications, Investor’s computer hardware and software must, at a minimum, be capable of accessing the Internet, with connectivity to an internet service provider or any other capable communications medium, and with software capable of viewing and printing a portable document format (“PDF”) file created by Adobe Acrobat. Further, Investor must have a personal e-mail address capable of sending and receiving e-mail messages to and from the Company Parties. To print the documents, Investor will need access to a printer compatible with his or her hardware and the required software; (c) if these software or hardware requirements change in the future, a Company Party will notify the Investor through written notification. To facilitate these services, Investor must provide the Company with his or her current e-mail address and update that information as necessary. Unless otherwise required by law, Investor will be deemed to have received any electronic Communications that are sent to the most current e-mail address that the Investor has provided to the Company in writing; (d) none of the Company Parties will assume liability for non-receipt of notification of the availability of electronic Communications in the event Investor’s e-mail address on file is invalid; Investor’s e-mail or Internet service provider filters the notification as “spam” or “junk mail”; there is a malfunction in Investor’s computer, browser, internet service or software; or for other reasons beyond the control of the Company Parties; and (e) solely with respect to the provision of tax documents by a Company Party, Investor agrees to each of the following: (1) if Investor does not consent to receive tax documents electronically, a paper copy will be provided, and (2) Investor’s consent to receive tax documents electronically continues for every tax year of the Company until Investor withdraws its consent by notifying the Company in writing.

Investor certifies that Investor has read this entire Subscription Agreement and that every statement made by Investor herein is true and complete.

The Company may not be offering the Shares in every state. The Offering Materials do not constitute an offer or solicitation in any state or jurisdiction in which the Shares are not being offered. The information presented in the Offering Materials was prepared by the Company solely for the use by prospective investors in connection with the Offering. Nothing contained in the Offering Materials is or should be relied upon as a promise or representation as to the future performance of the Company.

The Company reserves the right, in its sole discretion and for any reason whatsoever, to modify, amend and/or withdraw all or a portion of the Offering and/or accept or reject, in whole or in part, for any reason or for no reason, any prospective investment in the Shares. Except as otherwise indicated, the Offering Materials speak as of their date. Neither the delivery nor the purchase of the Shares shall, under any circumstances, create any implication that there has been no change in the affairs of the Company since that date.

[ SIGNATURE PAGE FOLLOWS]

IN WITNESS WHEREOF, the undersigned has executed this Subscription Agreement on the date set forth below.

Dated: _____________________.

The foregoing subscription for ___________ Shares, a Subscription Amount of $__________, is hereby accepted on behalf of Remark Holdings, Inc. a Delaware corporation, this ___ day of _______, 2024.

ANNEX I

WIRE INSTRUCTIONS – REMARK HOLDINGS, INC.