Exhibit 10.1


 


STOCK REDEMPTION AGREEMENT


 


This Stock Redemption Agreement
(this “Agreement”) is made by and between Sharing Economy International Inc., a Nevada corporation (the “Company”),
and Fung Wai Chi (the “Selling Shareholder”), this 30th day of March, 2021.


 


RECITALS


 


A. The
Selling Shareholder is the holder of 2,658,000 shares of Series A Preferred Stock (the “Redemption Shares”), par value $.001
per share, of the Company.


 


B.  The
Company is the holder of 6,800 ordinary shares (the “Jebe Shares”) of Jebe Production Group Limited, a Hong Kong corporation


 


C. The Company desires to
redeem the Redemption Shares of common stock from the Selling Shareholder, leaving the Selling Shareholder with no shares of Series A
Preferred Stock of the Company held, and the Selling Shareholder desires to have the Redemption Shares redeemed by the Company, upon the
terms and conditions set forth in this Agreement.


 


ACCORDINGLY, the parties
agree as follows:


 


1. Redemption
Price. The Company shall redeem the Redemption Shares from the Selling Shareholder in exchange for the Jebe Shares (the “Redemption
Price”). Selling Shareholder hereby assigns, separate from certificate, all right, title and interest in and to the Redemption Shares
to the Company. The Company hereby assigns, separate from certificate, all right, title and interest in and to the Jebe Shares to the
Selling Shareholder.


 


2. Selling
Shareholder’s Representations and Warranties.


 


2.1. The
Selling Shareholder represents and warrants to the Company that: (i) the Selling Shareholder owns and holds the Redemption Shares free
and clear of all liens, encumbrances and claims of other persons or entities whatsoever and subject to no options, warrants, contracts,
agreements, arrangements or understandings of any kind; (ii) the Selling Shareholder has full power and authority to transfer and deliver
the Redemption Shares to the Company in accordance with the terms of this Agreement, and (iii) the consummation of the redemption transaction
provided for in this Agreement shall not constitute the breach of any term or provision of, or constitute a default under, any agreement
or other instrument to which the Selling Shareholder is a party.


 


2.2 The
Selling Shareholder further represents and warrants to the Company that the Selling Shareholder has been advised to consult with, and
has consulted or chosen not to consult with, independent advisers with respect to the fairness of the Redemption Price and the other terms
of this Agreement.


 




     


     


    

 


3. The
Company’s Representations and Warranties.


 


3.1. The
Company represents and warrants to the Selling Shareholder that: (i) the Company owns and holds the Jebe Shares free and clear of all
liens, encumbrances and claims of other persons or entities whatsoever and subject to no options, warrants, contracts, agreements, arrangements
or understandings of any kind; (ii) the Company has full power and authority to transfer and deliver the Jebe Shares to the Selling Shareholder
in accordance with the terms of this Agreement, and (iii) the consummation of the redemption transaction provided for in this Agreement
shall not constitute the breach of any term or provision of, or constitute a default under, any agreement or other instrument to which
the Company is a party.


 


3.2 The
Company further represents and warrants to the Selling Shareholder that the Company has been advised to consult with, and has consulted
or chosen not to consult with, independent advisers with respect to the fairness of the Redemption Price and the other terms of this Agreement.


 


4. Mutual
Release. Though the Company and the Selling Shareholder presently have no claims against the other as of the date of this Agreement,
the Company and the Selling Shareholder hereby release and forever discharge each other from all claims arising prior to the date of this
Agreement related to the Redemption Shares and the Jebe Shares.


 


5. Successors
and Assigns. This Agreement shall be binding on and shall inure to the benefit of the parties to this Agreement and their respective
spouses, successors, assignees, heirs and personal representatives.


 


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


 


7. Entire
Agreement. This Agreement supersedes any and all oral or written agreements previously made relating to the subject matter of this
Agreement, and constitutes the entire agreement of the parties with respect to such subject matter.


 


8. Amendment.
This Agreement may be modified or amended only in writing signed by both parties.


 


9. Further
Assurances. Each party shall execute and deliver any and all additional documents and instruments and shall take all actions reasonably
requested by the other party in order to carry out the intent of this Agreement.


 


10. Counterparts.
This Agreement may be executed in counterparts and by electronic transmission, each of which shall considered an original, but both of
which together shall constitute the same document.


 


[signature page follows]


 




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IN WITNESS WHEREOF, the parties
hereto have caused this Agreement to be executed as of the date first written above.


 


	 	COMPANY:
	 	 
	 	SHARING ECONOMY INTERNATIONAL INC.
	 	 	 
	 	By: 	/s/
    Anthony Che Chung Chan
	 	 	Name: 	Anthony Che Chung Chan
	 	 	Title: 	Chief Executive Officer
	 	 	 
	 	SELLING SHAREHOLDER:
	 	 
	 	/s/
    Fung Wang Chi
	 	Fung Wang Chi


 





 


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