Exhibit 10.4


 





STOCK
PURCHASE AGREEMENT


 


This
Stock Purchase Agreement (“Agreement”) is effective as of December 1, 2016, by and among, Ceetop Inc. (the “Company)
and the investor set forth on the signature page hereto (the “Purchaser”).


 


AGREEMENT


 


It
is agreed as follows:


 


1.       PURCHASE
AND SALE OF SHARES. 


 


1.1       Sale
and Purchase of Securities. In reliance upon the representations and warranties contained herein and subject to the terms
and conditions set forth herein, the Company shall sell to the Purchaser 3,000,000 shares of Series A Preferred Stock of the Company
with standard restrictive legend (the “Shares”) for an aggregate purchase price of US$500,000 (the “Purchase
Price”).


 


2.       THE
CLOSING.


 


2.1       Date
and Time. Subject to all of the terms and conditions set forth in this Agreement being satisfied, the closing of the sale
of Shares contemplated by this Agreement (the “Closing”) shall take place at the Company’s offices. The Purchaser
shall deliver a check or wire transfer pursuant to the instructions to be provided by the Company, in the amount of the Purchase
Price allocated to the Purchaser. At the Closing, the Company will deliver to the Purchaser the certificates representing the
Shares purchased by the Purchaser against payment of such Purchaser’s portion of the Purchase Price.


 


3.       REPRESENTATIONS
AND WARRANTIES OF THE COMPANY.


 


As
a material inducement to the Purchaser to enter into this Agreement and to acquire the Shares, the Company represents and warrants
that the following statements are true and correct in all material respects, except as expressly qualified or modified herein.


 


3.1       Validity
of Transactions. This Agreement, and each document executed and delivered by the Company in connection with the transactions
contemplated by this Agreement, have been duly authorized, executed and delivered by the Company and is each the valid and legally
binding obligation of the Company, enforceable in accordance with its terms, except as limited by applicable bankruptcy, insolvency
reorganization and moratorium laws and other laws affecting enforcement of creditor’s rights generally and by general principles
of equity.


 


3.2       Valid
Issuance of Shares. The Shares that are being sold to the Purchaser hereunder are duly and validly issued, fully paid and
nonassessable and free of restrictions on transfer, other than restrictions on transfer under this Agreement and under applicable
federal and state securities laws, and will be free of all other liens and adverse claims.


 


3.3       Securities
Law Compliance. Assuming the accuracy of the representations and warranties of the Purchaser set forth in Section 4 of this
Agreement, the offer, sale and delivery of the Shares will constitute an exempted transaction under the Securities Act of 1933,
as amended and now in effect (“Securities Act”), and registration of the Shares under the Securities Act is not required.


 






     


     


    

 


4.       REPRESENTATIONS
AND WARRANTIES OF THE PURCHASER.


 


The
Purchaser hereby represents, warrants, and covenants with the Company as follows:


 


4.1       Legal
Power. The Purchaser has the requisite power to enter into this Agreement, to purchase the Shares hereunder, and to carry
out and perform its obligations under the terms of this Agreement.


 


4.2       Due
Execution. This Agreement has been duly executed and delivered by Purchaser, and, upon due execution and delivery by the Company,
this Agreement will be a valid and binding agreement of the Purchaser.


 


4.3       Receipt
of Restricted Securities. The Purchaser has been advised that the Shares have not been registered under the Securities Act
or any other applicable securities laws and that the Shares are being offered and sold pursuant to Section 4(2) of the Securities
Act, and that the Company’s reliance upon Section 4(2) of the Securities Act is predicated in part on the Purchaser’s
representations as contained herein.


 


4.3.1       The
Purchaser acknowledges that the Shares have not been registered under the Securities Act or the securities laws of any state and
are being offered, and will be sold, pursuant to applicable exemptions from such registration for nonpublic offerings and will
be sold as “restricted securities” as defined by Rule 144 promulgated pursuant to the Securities Act. The Shares may
not be resold in the absence of an effective registration thereof under the Securities Act and applicable state securities laws
unless, in the opinion of the Company’s counsel, an applicable exemption from registration is available.


 


4.3.2       The
Purchaser is acquiring the Shares for its own account, for investment purposes only and not with a view to, or for sale in connection
with, a distribution, as that term is used in Section 2(11) of the Securities Act, in a manner which would require registration
under the Securities Act or any state securities laws.


 


4.4       Regulation
S. The Purchaser:


 


		i)	is
                                         not a "U.S. Person" as defined in Regulation S; and specifically the Purchaser
                                         is not:



 


		A.	a
                                         natural person resident in the United States of America, including its territories and
                                         possessions ("United States");



 


		B.	a
                                         partnership or corporation organized or incorporated under the laws of the United States;



 


		C.	an
                                         estate of which any executor or administrator is a U.S. Person;



 


		D.	a
                                         trust of which any trustee is a U.S. Person;



 


		E.	an
                                         agency or branch of a foreign entity located in the United States;



 






    	 	2	 



     


    

 


		F.	a
                                         non-discretionary account or similar account (other than an estate or trust) held by
                                         a dealer or other fiduciary for the benefit or account of a U.S. Person;



 


		G.	a
                                         discretionary account or similar account (other than an estate or trust) held by a dealer
                                         or other fiduciary organized, incorporated, or (if an individual) resident in the United
                                         States; and



 


		H.	a
                                         partnership or corporation: (A) organized or incorporated under the laws of any foreign
                                         jurisdiction; and (B) formed by a U.S. Person principally for the purpose of investing
                                         in securities not registered under the Securities Act, unless it is organized or incorporated,
                                         and owned, by accredited investors (as defined in Rule 501(a) under the Act) who are
                                         not natural persons, estates or trusts.



 


And,
in addition:


 


		I.	the
                                         Purchaser was not offered the Shares in the United States;



 


		J.	at
                                         the time the buy-order for the Shares was originated, the Purchaser was outside the United
                                         States; and



 


		K.	the
                                         Purchaser is purchasing the Shares for its own account and not on behalf of any U.S.
                                         Person (as defined in Regulation S) and a sale of the Shares has not been pre-arranged
                                         with a purchaser in the United States.



 


4.4.1       The
Purchaser understands and acknowledges that the Shares will bear the following legend:


 


THE
SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES
LAWS OF ANY STATE. THE SECURITIES HAVE BEEN ACQUIRED FOR INVESTMENT AND MAY NOT BE SOLD OR TRANSFERRED FOR VALUE IN THE ABSENCE
OF AN EFFECTIVE REGISTRATION THEREOF UNDER THE SECURITIES ACT OF 1933 AND/OR THE SECURITIES ACT OF ANY STATE HAVING JURISDICTION
OR AN OPINION OF COUNSEL ACCEPTABLE TO THE CORPORATION THAT SUCH REGISTRATION IS NOT REQUIRED UNDER SUCH ACT OR ACTS.


 


4.4.2       The
Purchaser acknowledges that an investment in the Shares is not liquid and is transferable only under limited conditions. The Purchaser
acknowledges that such securities must be held indefinitely unless they are subsequently registered under the Securities Act or
an exemption from such registration is available. The Purchaser is aware of the provisions of Rule 144 promulgated under the Securities
Act, which permits limited resale of securities purchased in a private placement subject to the satisfaction of certain conditions
and that such Rule is not now available and, in the future, may not become available for resale of the Shares.


 






    	 	3	 



     


    

 


4.5       Purchaser
Sophistication and Ability to Bear Risk of Loss. The Purchaser acknowledges that it is able to protect its interests in connection
with the acquisition of the Shares and can bear the economic risk of investment in such securities without producing a material
adverse change in the Purchaser’s financial condition. The Purchaser otherwise has such knowledge and experience in financial
or business matters that it is capable of evaluating the merits and risks of the investment in the Shares.


 


4.6       Purchases
by Groups. The Purchaser represents, warrants, and covenants that he is not acquiring the Shares as part of a group within
the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended.


 


5.       MISCELLANEOUS.


 


5.1       Governing
Law and Venue. This Agreement shall be governed by and construed under the laws of the State of New York. Venue for any legal
action or dispute shall be the County of Nassau, State of New York.


 


5.2       Successors
and Assigns. Except as otherwise expressly provided herein, the provisions hereof shall inure to the benefit of, and be binding
upon, the successors, assigns, heirs, executors, and administrators of the parties hereto.


 


5.3       Entire
Agreement. This Agreement and the Exhibits hereto and thereto, and the other documents delivered pursuant hereto and thereto,
constitute the full and entire understanding and agreement among the parties with regard to the subjects hereof and no party shall
be liable or bound to any other party in any manner by any representations, warranties, covenants, or agreements except as specifically
set forth herein or therein. Nothing in this Agreement, express or implied, is intended to confer upon any party, other than the
parties hereto and their respective successors and assigns, any rights, remedies, obligations, or liabilities under or by reason
of this Agreement, except as expressly provided herein.


 


5.4       Severability.
In case any provision of this Agreement shall be invalid, illegal, or unenforceable, it shall to the extent practicable, be modified
so as to make it valid, legal and enforceable and to retain as nearly as practicable the intent of the parties, and the validity,
legality, and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.


 


5.5       Amendment
and Waiver. Except as otherwise provided herein, any term of this Agreement may be amended, and the observance of any term
of this Agreement may be waived (either generally or in a particular instance, either retroactively or prospectively, and either
for a specified period of time or indefinitely), with the written consent of the Company and the Purchaser. Any amendment or waiver
effected in accordance with this Section shall be binding upon each future holder of any security purchased under this Agreement
(including securities into which such securities have been converted) and the Company.


 


5.6       Notices.
All notices and other communications required or permitted hereunder shall be in writing and shall be effective when delivered
personally, or sent by telex or telecopier (with receipt confirmed), provided that a copy is mailed by registered mail, return
receipt requested, or when received by the addressee, if sent by Express Mail, Federal Express or other express delivery service
(receipt requested).


 






    	 	4	 



     


    

 


5.7       Faxes
and Counterparts. This Agreement may be executed in one or more counterparts. Delivery of an executed counterpart of the Agreement
or any exhibit attached hereto by facsimile transmission shall be equally as effective as delivery of an executed hard copy of
the same. Any party delivering an executed counterpart of this Agreement or any exhibit attached hereto by facsimile transmission
shall also deliver an executed hard copy of the same, but the failure by such party to deliver such executed hard copy shall not
affect the validity, enforceability or binding nature effect of this Agreement or such exhibit.


 


5.8       Titles
and Subtitles. The titles of the paragraphs and subparagraphs of this Agreement are for convenience of reference only and
are not to be considered in construing this Agreement.


 


IN
WITNESS WHEREOF, the parties have executed this Agreement as of the date first set forth above. 


 


SIGNATURE
PAGE FOLLOWS


 




    	 	5	 



     


    


 


SIGNATURE
PAGE


 


	CEETOP
    INC.	 
	 	 
	Shengming
    Jia	 
	By:	Shengming
    Jia	 
	Title:	CFO	 


 


	Name
    (Print)	 	Signature
	 	Address

	Weiliang
    Liu	 	Weiliang
Liu
	 	Room
    702, 13 Dong, Huilong Huayuan, KaiFeng Road, Shenzhen, Guangdong, China


 


Notary
and translated by: _____________________________________________________


 


 


6