Exhibit
10.1


 


ASSET
ACQUISITION AGREEMENT


 


THIS
ASSET ACQUISITION AGREEMENT (the “Agreement”), made as of 7th September, 2021 (the “Effective Date”),
by and among Hangzhou Lanlian Technology Co., Ltd. 杭州蓝链科技有限公司 (the
“Seller”), and Lion Group Holding Ltd. or any entity designated by Lion Group Holding Ltd. (“the “Buyer”).
Seller and Buyer, individually are referred to herein as a “Party,” and collectively as the “Parties”.


 


WI
T N E S S E T H:


 


WHEREAS,
Seller has full ownership of the patents as listed in Schedule A (the “Assets”);


 


WHEREAS,
the Seller desires to sell the Assets for an aggregate purchase price of US$8,000,000 (the “Purchase Price”), and
the Buyer desires to purchase the Assets based upon the terms and conditions hereinafter set forth.


 


NOW,
THEREFORE, in consideration of the mutual promises, covenants, representations and warranties contained herein, and subject to the
terms and conditions hereof, the Parties hereby agree as follows:


 


1.
Asset Acquisition. At the Closing (as hereinafter defined) and subject to the terms and conditions of this Agreement, the Seller
shall sell, convey, and deliver to the Buyer, and the Buyer shall purchase and accept from the Seller, the Assets for the Purchase Price
specified in Section 2 below .


 


2.
Purchase Price. In exchange for the Assets, the Buyer shall pay in aggregate US$8,000,000 to the Seller upon and subject to such
payment terms as may be mutually agreed by the Parties; otherwise the Purchase Price shall be payable upon Closing.


 


3.
Closing. The Closing of the transaction described in this Agreement shall take place on such date as mutually determined by the
parties hereto (the “Closing”), which Closing is expected to be on or before 31 December 2021, unless extended by
mutual consent of the Parties. On or before the Closing:


 


(a)
the Seller succeeds in obtaining the consents and approvals from the competent governmental authority in the PRC in relation with the
export of the Assets and the registration of the Assets and warrants that at the time of Closing there are no limitation to the transfer
of the Assets to an offshore entity;


 


(b)
the Seller shall assign to the Buyer all control of the Assets;


 


(c)
the Seller shall deliver to the Buyer or its appointed agent all supporting documents in relation with the Assets as reasonably requested
by the Buyer, including but not limited to the source code, source programs, underlying technical data; and


 


(d)
the Buyer or its appointed agent shall have been issued with the registration certificate(s) under the name of the Buyer evidencing the
assignment of control of the Assets.


 






     


     


    




 


4.
Representation and Warranties of the Seller. The Seller represents and warrants that:


 


(a)
Authority. The Seller has all necessary power and authority to execute, deliver and perform this Agreement and to consummate the transactions
provided for herein. This Agreement has been duly authorized, executed and delivered by the Seller and constitutes a valid and binding
obligation of the Seller and is enforceable in accordance with its terms. The execution, delivery and performance of this Agreement by
the Seller do not and will not violate any provision of any law, regulation or order, or conflict with or result in the breach of, or
constitute a default under, any material agreement or instrument to which the Seller is a party or by which the Seller may be bound or
affected. No consent of any person or any other action by, or notice to or filing with, any governmental authority or regulatory body
is required in connection with the Seller’s execution, delivery or performance, or with respect to the validity or enforceability
of this Agreement.


 


(b)
Title. The Seller has good and marketable title to the Assets free and clear of all liens and encumbrances.


 


(c)
Legal Proceedings. The Seller hereby represents and warrants to the Buyer that no litigation, arbitration or administrative proceedings
are current or pending or, to the Seller’s knowledge, threatened, involving or affecting the Assets or which could reasonably be
expected to have a material adverse effect on its ability to perform its obligations hereunder, and none of the Assets are subject to
any order, writ, injunction, execution or attachment.


 


(d)
Taxes and fees. The Seller warrants that all documentary, stamp, or other taxes or fees that may be owed in connection with the acquisition
contemplated herein shall be timely paid by the Seller.


 


(e)
Assistance. The Seller undertakes that the Seller shall promptly assist with the Buyer in the registration of assignment of the Assets,
including but not limited to registration of this Agreement, obtainment of registration certificate of this Agreement, change of registrant
at copyright office.


 


(f)
Disclosure. The Seller warrants that the Seller has disclosed to the Buyer in this Agreement all material facts related to the transactions
contemplated by this Agreement. No representation or warranty of the Seller contained in this Agreement or other agreements and instrument
referred to in this Agreement, and no statement contained in any certificate, schedule, list or other writing furnished to the Buyer
pursuant to the provisions of this Agreement contains any untrue statement of a material fact, or omits to state a material fact necessary
in order to make the statements herein or therein not misleading.


 






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5.
Representation and Warranties of the Buyer. The Buyer represents and warrants that:


 


(a)
Authority. The Buyer has all necessary power and authority to execute, deliver and perform this Agreement and to consummate the transactions
provided for herein. This Agreement has been duly executed and delivered by the Buyer and constitutes a valid and binding obligation
of the Buyer, enforceable in accordance with its terms. The execution, delivery and performance of this Agreement by the Buyer does not
and will not violate any provision of any law, regulation or order, or result in the breach of, or constitute a default under, any material
agreement or instrument to which Buyer is a party or by which Buyer may be bound or affected.


 


(b)
Disclosure. Buyer warrants that Buyer has disclosed to the Seller in this Agreement all material facts related to the transactions contemplated
by this Agreement. No representation or warranty of the Buyer contained in this Agreement or other agreements and instrument referred
to in this Agreement, and no statement contained in any certificate, schedule, list or other writing furnished to Seller pursuant to
the provisions of this Agreement contains any untrue statement of a material fact, or omits to state a material fact necessary in order
to make the statements herein or therein not misleading.


 


6.
Entire Agreement. This Agreement constitutes the complete understanding between the parties hereto with respect to the subject
matter hereof, and no alteration, amendment or modification of any of the terms and provisions hereof shall be valid unless made pursuant
to an instrument in writing signed by each party. This Agreement supersedes and terminates any and all prior agreements or understandings
between the parties regarding the subject matter hereof.


 


7.
Fees and Costs. The Seller and the Buyer shall each bear their own fees and costs incurred in connection with this Agreement.


 


8.
Binding Effect. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs,
personal representatives, executors, successors and assigns.


 


9.
Governing Law. This Agreement has been made in and shall be construed and enforced in accordance with the laws of the Hong Kong
Special Administrative Region of the People’s Republic of China (“Hong Kong”).


 


10.
Survival of Representations and Warranties. All representations and warranties made by the Seller and the Buyer shall survive
the Closing.


 


11.
Jurisdiction and Venue. Any claim or controversy arising out of or relating to the interpretation, application or enforcement
of any provision of this Agreement, shall be submitted for resolution to a court of competent jurisdiction in Hong Kong. The Parties
submit to the non-exclusive jurisdiction of the courts in Hong Kong.


 


12.
Construction and Severability. In the event any provision in this Agreement shall, for any reason, be held to be invalid or unenforceable,
this Agreement shall be construed as though it did not contain such invalid or unenforceable provision, and the rights and obligations
of the parties hereto shall continue in full force and effect and shall be construed and enforced in accordance with the remaining provisions
hereof.


 


13.
Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of
which together shall constitute one and the same instrument.


 


14.
Paragraph Headings. The paragraph headings contained in this Agreement are for convenience only and shall not affect in any manner
the meaning or interpretation of this Agreement.


 


[Signature
Page Follows]


 






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IN
WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the day and year first above written.


 





	Buyer:	 
	 	 
	Lion Group Holding Ltd.	 
	 	 	 
	By:	/s/
    Chunning Wang	 
	Name:	Chunning Wang	 
	Title:	CEO and Director	 


 






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Schedule
A


 


	No.	Software
    (English Translation)	Software
    (Chinese)	Certificate
    number issued by Copyright Protection Center of China
	1	Securities
    Trading System	证券交易系统软件	2020SR1833162
	2	Securities
    Risk Management System	证券风险系统软件	2020SR1833161
	3	Securities
    Quotation Push System	证券行情推送服务软件	2020SR1833163


 


 


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