Exhibit 10.1 


 


SHARE
PURCHASE AGREEMENT


 


This Share Purchase Agreement
(this “Agreement”) is made and entered into as of November 30, 2021 by and among (i) Planet Green Holdings
Corporation, a corporation incorporated in the State of Nevada (the “Parent”), (ii) Jiayi Technologies
(Xianning) Co., Ltd. (the “Purchaser”), a limited liability company registered in the People’s Republic
of China, and (iii) Yongsheng Chen (the “Seller”), the shareholder of the Jilin Chuangyuan Chemical Co.,
Ltd., a limited liability company registered in the People’s Republic of China (the “Company”). The
Parent, the Purchaser and the Seller are sometimes referred to herein individually as a “Party” and, collectively,
as the “Parties”.


 


RECITALS:


 


WHEREAS, the Seller
own 25% of the issued and outstanding shares and other equity interests in or of the Company;


 


WHEREAS, the Company
is a company registered as a limited liability company in Meihekou City, Jilin Province, China;


 


WHEREAS, the Company
researches, develops and manufactures formaldehyde, urea formaldehyde adhesive, methylal and clean fuel products and sells such products
in China;


 


WHEREAS, the Purchaser
is a 100% owned subsidiary of the Parent; and


 


WHEREAS, the Sellers
desire to sell to the Purchaser, and the Purchaser desires to purchase from the Seller 25% of the issued and outstanding shares and any
other equity interests in or of the Company.


 


NOW, THEREFORE, in
consideration of the premises set forth above, which are incorporated in this Agreement as if fully set forth below, and the representations,
warranties, covenants and agreements contained in this Agreement, and intending to be legally bound hereby, the Parties hereto agree as
follows:


 


1. Sale
and Purchase of Shares.


 


1.1 Sale
and Purchase. At the Closing and subject to and upon the terms and conditions of this Agreement, the Seller shall sell,
transfer, convey, assign and deliver to the Purchaser, and the Purchaser shall purchase, acquire and accept from the Seller, shares and
other equity interests of the Company representing 25% of the total equity voting capital stock (collectively, the “Purchased
Shares”), free and clear of all Liens (other than potential restrictions on resale under applicable securities Laws).


 


1.2 Purchase
Price. The aggregate purchase price for the Purchased Shares is $4,750,000.00 (the “Purchase Price”),
payable by wire transfer and in immediately available funds upon execution and delivery of this Agreement.


 


2. Representations
and Warranties of the Seller. The Seller hereby represents and warrants to the Purchaser as follows:


 


2.1 Ownership
of Shares. The Purchased Shares are (a) owned solely by the Seller and (b) free and clear of any and all liens, encumbrances,
claims, charges and assessments.


 






    


     

    

 


2.2 Authorization.
The Seller has all requisite power, legal capacity and authority to enter into this Agreement and to assume and perform its obligations
hereunder. This Agreement, when duly executed and delivered by the Seller, will constitute a legal, valid and binding obligation of the
Seller, enforceable against the Seller in accordance with its terms, except as the enforceability thereof may be limited by applicable
bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors' rights generally or by the principles governing
the availability of equitable remedies.


 


2.3 Approvals
and Consents. No action, approval, consent or authorization, including but not limited to, any action, approval, consent or authorization
by any governmental or quasi-governmental agency, commission, board, bureau or instrumentality is necessary or required as to the Seller
in order to constitute this Agreement as a valid, binding and enforceable obligation of the Seller in accordance with its terms.


 


3. Representations
and Warranties of the Purchaser. The Purchaser hereby represents and warrants to the Seller as follows:


 


3.1 Authorization.
The Purchaser has all requisite power, legal capacity and authority to enter into this Agreement and to assume and perform its obligations
hereunder. This Agreement, when duly executed and delivered by the Purchaser, will constitute a legal, valid and binding obligation of
it, enforceable against it in accordance with its terms, except as the enforceability thereof may be limited by applicable bankruptcy,
insolvency, reorganization, moratorium or other similar laws affecting creditors' rights generally or by the principles governing the
availability of equitable remedies.


 


3.2 Approvals
and Consents. No action, approval, consent or authorization, including, but not limited to, any action, approval, consent or authorization
by any governmental or quasi-governmental agency, commission, board, bureau or instrumentality is necessary or required as to it in order
to constitute this Agreement as a valid, binding and enforceable obligation of it in accordance with its terms.


 


3.3 Accredited
Investor. The Purchaser is an “accredited investor,” as such term is defined in Rule 501 of Regulation D promulgated
under the Securities Act of 1933, as amended (the “Securities Act”), and the Purchaser is able to bear the economic
risk of an investment in the Purchased Shares.


 


3.4 No
General Solicitation. The Purchaser acknowledges that the Purchased Shares were not offered to the Purchaser by means of any form
of general or public solicitation or general advertising, or publicly disseminated advertisements or sales literature, including (a) any
advertisement, article, notice or other communication published in any newspaper, magazine, or similar media, or broadcast over television
or radio or (b) any seminar or meeting to which the Purchaser was invited by any of the foregoing means of communications.


 


3.5 No
Public Sale or Distribution. The Purchaser is acquiring the Purchased Shares for its own account and not with a view towards,
or for resale in connection with, the public sale or distribution thereof, except pursuant to sales registered or exempted under the Securities
Act.


 






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4. General
Provisions.


 


4.1 Entire
Agreement; Amendment and Waiver. Except as set forth herein, no representations or warranties have been made to the Purchaser
by the Seller, and in purchasing the Purchased Shares, the Purchaser is not relying upon any representations other then those specifically
contained herein. This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter contained
herein and supersedes all prior oral or written agreements, if any, between the parties hereto with respect to such subject matter and,
except as otherwise expressly provided herein, is not intended to confer upon any other person any rights or remedies hereunder. Any amendments
hereto or modifications hereof must be made in writing and executed by each of the parties hereto. Any failure by the Seller or the Purchaser
to enforce any rights hereunder shall not be deemed a waiver of such rights.


 


4.2 Fairness
of Purchase Price. The Purchaser and the Seller hereby acknowledge, as evidenced by their signatures hereto, that the Purchase
Price paid for the Purchased Shares is fair, equitable and valid.


 


4.3 Counsel.
The Purchaser and the Seller hereby agree that each of them and/or their respective counsel has reviewed and had an opportunity to revise
this Agreement.


 


4.4 Governing
Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of New York without giving effect
to conflict of laws principles.


 


4.5 Binding
Effect; Assignment. This Agreement and the various rights and obligations arising hereunder shall inure to the benefit of and
be binding upon the Seller and the Purchaser and their respective heirs, successors and assigns. Neither this Agreement nor any of the
rights, interests or obligations hereunder shall be transferred or assigned (by operation of law or otherwise) by any of the parties hereto
without the prior written consent of the other party hereto. Any transfer or assignment of any of the rights, interests or obligations
hereunder in violation of the terms hereof shall be void and of no force or effect.


 


4.6 Survival
of Representations and Warranties. All representations and warranties made by the parties to this Agreement shall survive the
execution and delivery of this Agreement.


 


4.7 Counterparts.
This Agreement may be executed in any number of counterparts and each of such counterparts shall be deemed to be an original, and such
counterparts shall together constitute but one and the same instrument and shall bind all parties signing such counterpart.


 


4.8 Additional
Documents. The Purchaser and the Seller agree to execute any additional documents reasonably required to effect a transfer of
the Shares to the Purchaser.


 


[Signature Page Follows]


 




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IN WITNESS WHEREOF, each Party
hereto has caused this Agreement to be signed and delivered by its respective duly authorized officer as of the date first written above.


 


The Parent:


 


	 	PLANET GREEN HOLDINGS CORPORATION
	 	a Nevada corporation
	 	 	 
	 	By:	                       
	 	Name: 	Bin Zhou  
	 	Title: 	CEO


 


The Purchaser:


 


	 	JIAYI TECHNOLOGIES (XIANNING) CO., LTD. 
	 	a Chinese limited liability company
	 	 	 
	 	By:	                       
	 	Name: 	Bin Zhou
	 	Title: 	CEO



 


The Seller:


 


	 	YONGSHENG CHEN
	 		 
	 	By:	     
	 	Name:	Yongsheng Chen



 


Signature Page


 


 


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