# EDGAR Filing Document

**Accession Number:** 0001422892
**File Stem:** 0001213900-23-020613
**Filing Date:** 2023-3
**Character Count:** 50524
**Document Hash:** 4037a138ba810cce6ecbe016b1c4da1c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-23-020613.hdr.sgml**: 20230316

**ACCESSION NUMBER**: 0001213900-23-020613

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20230310

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230316

**DATE AS OF CHANGE**: 20230316

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Singularity Future Technology Ltd.
- **CENTRAL INDEX KEY:** 0001422892
- **STANDARD INDUSTRIAL CLASSIFICATION:** ARRANGEMENT OF TRANSPORTATION OF FREIGHT & CARGO [4731]
- **IRS NUMBER:** 261241372
- **STATE OF INCORPORATION:** VA
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-34024
- **FILM NUMBER:** 23738871

**BUSINESS ADDRESS:**
- **STREET 1:** 98 CUTTER MILL ROAD
- **STREET 2:** SUITE 322
- **CITY:** GREAT NECK
- **STATE:** NY
- **ZIP:** 11021
- **BUSINESS PHONE:** 718-888-1814

**MAIL ADDRESS:**
- **STREET 1:** 98 CUTTER MILL ROAD
- **STREET 2:** SUITE 322
- **CITY:** GREAT NECK
- **STATE:** NY
- **ZIP:** 11021

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Sino-Global Shipping America, Ltd.
- **DATE OF NAME CHANGE:** 20080107

?xml version="1.0" encoding="utf-8"?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): March 10, 2023

**SINGULARITY FUTURE TECHNOLOGY LTD.**

(Exact name of registrant as specified in charter)

<u>Virginia</u> <u>001-34024</u> <u>11-3588546</u> <br> (State or other jurisdiction of Incorporation) (Commission File No.) (IRS Employer Identification No.)

98 Cutter Mill Road

Suite 322

<u>Great Neck, NY 11021</u>

(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: <u>(718) 888-1814</u>

<u>Not Applicable</u>

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR §230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR §240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR §240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR §240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which<br> registered** |
| Common Stock, no par value | SGLY | The Nasdaq Stock Market LLC |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 1.01 Entry into a Material Definitive Agreement.**

On September 23, 2022, Hexin Global Limited, a British Virgin Islands corporation ("Hexin") and Viner Total Investments Fund, a Cayman Islands corporation (together with Hexin, the "Hexin Plaintiffs") filed a lawsuit in the Southern District of New York captioned *Hexin Global Limited, et al. v. Singularity Future Technology, Ltd., et al.,* Case No. 22-cv-08160-LJL, against Singularity Future Technology Ltd. (the "Company"), Yang "Leo" Jie ("Jie"), Jing "Angela" Shan ("Shan"), Tuo "Tina" Pan, and Lei Cao (collectively, the "Defendants") (the "Hexin Action"). On October 6, 2022, Jinhe Capital Limited, a British Virgin Islands corporation ("Jinhe") filed a lawsuit in the Southern District of New York against the Company captioned *Jinhe Capital Limited v. Singularity Future Technology, Ltd.,* Case No. 22-cv-08538-LJL (the "Jinhe Action"). On December 22, 2022, St. Hudson Group LLC, a Delaware limited liability company, Imperii Strategies LLC, a Delaware limited liability company, Isyled Technology Limited, a Hong Kong company, and HSQYNM Family Inc., a New York corporation (together with Jinhe and the Hexin Plaintiffs, the "Plaintiffs") filed a lawsuit in the Southern District of New York against the Defendants captioned *St. Hudson Group LLC, et al. v. Singularity Future Technology Ltd., et al.,* Case No. 22-cv-10290-LJL (together with the Jinhe Action and Hexin Action, the "Actions").

The Company, Shan, and the Plaintiffs entered into a certain settlement agreement and general mutual release with an effective date of March 10, 2023 (the "Settlement Agreement"). Jie also executed the Settlement Agreement. Pursuant to the Settlement Agreement, the Company agreed to pay a sum of ten million five hundred twenty-five thousand nine hundred and ten dollars and eighty-two cents in U.S. dollars ($10,525,910.82, the "Settlement Payment"). Plaintiffs in the Actions agreed to discharge and forever release the Defendants in the Actions from all claims that were or could have been raised in those Actions, as well as dismissal of each of the Actions with prejudice. The Company has no role or knowledge as to how the Settlement Payment will be allocated between and among the Plaintiffs.

The foregoing description of the Settlement Agreement is a summary of the material terms of such agreement, does not purport to be complete and is qualified in its entirety by reference to the Settlement Agreement, which is attached hereto as Exhibit 10.1.

**Item 9.01. Financial Statements and Exhibits.**

(d) Exhibits

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 10.1 | [Settlement Agreement <u>dated March 10, 2023, by and between Hexin Global Limited, Viner Total Investments Fund, Jinhe Capital Limited, St. Hudson Group LLC,, Imperii Strategies LLC, Isyled Technology Limited, and HSQYNM Family Inc., and Singularity Future Technology Ltd., Yang "Leo" Jie, and Jing "Angela" Shan</u>](ea175247ex10-1_singular.htm) |
| 104 | Cover Page Interactive Data File (Embedded within the Inline XBRL document) |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: March 16, 2023

---

| | | |
|:---|:---|:---|
| **SINGULARITY FUTURE TECHNOLOGY LTD.** | **SINGULARITY FUTURE TECHNOLOGY LTD.** | **SINGULARITY FUTURE TECHNOLOGY LTD.** |
| By: | /s/ Jing Shan | /s/ Jing Shan |
|  | Name: | Jing Shan |

---

## Exhibit 10.1

**Exhibit 10.1**

**<u>SETTLEMENT AGREEMENT</u>**

This Settlement Agreement ("Agreement") is entered into as of March [10], 2023 (the "Effective Date") by and between Hexin Global Limited, a British Virgin Islands corporation ("Hexin"), Viner Total Investments Fund, a Cayman Island corporation ("Viner"), Jinhe Capital Limited, a British Virgin Islands corporation ("Jinhe"), St. Hudson Group LLC, a Delaware Limited Liability Company ("Hudson"), Imperii Strategies LLC, a Delaware Limited Liability Company ("Imperii"), Isyled Technology Limited, a Hong Kong company ("Isyled"), and HS-QYNM Family Inc., a New York corporation ("HSQ") (the foregoing collectively "Plaintiffs") on the one hand, and Singularity Future Technology, Ltd. f/k/a Sino-Global Shipping America, Ltd., a Virginia corporation trading on the Nasdaq Global Markets Exchange under the ticker symbol SGLY (formally SINO) ("Singularity" or "Company"), Yang "Leo" Jie, a natural person residing at 81a Hampshire Road, Great Neck, New York ("Jie"), and Jing "Angela" Shan, a natural person residing in West New York, New Jersey ("Shan") (Singularity, Jie and Shan collectively "Defendants"), on the other hand. The foregoing entities and individuals are collectively referred to herein as the "Parties."

WHEREAS, on or about November 10, 2021, Singularity and Jinhe entered into an Advisory Agreement, under which Jinhe agreed to provide general financial advisory services to Singularity in exchange for 500,000 shares of Singularity common stock;

WHEREAS, on or about December 14, 2021, Hexin, Viner, Hudson, Imperii, Isyled, and HSQ (collectively "SPA Plaintiffs") and Singularity entered into a Securities Purchase Agreement ("SPA"), pursuant to which the SPA Plaintiffs each agreed to purchase restricted shares of Singularity common stock at $3.26 per share;

WHEREAS, under the SPA, Hexin agreed to purchase 900,000 shares of Singularity common stock, Viner agreed to purchase 978,807 shares of Singularity common stock, Hudson agreed to purchase 800,000 shares of Singularity common stock, Imperii agreed to purchase 200,000 shares of Singularity common stock, Isyled agreed to purchase 150,000 shares of Singularity common stock, and HSQ agreed to purchase 200,000 shares of Singularity common stock;

WHEREAS, the SPA Plaintiffs paid for their shares of Singularity common stock pursuant to the SPA; Jinhe performed under the Advisory Agreement; and Singularity issued each Plaintiff shares of restricted Singularity common stock pursuant to the SPA and Advisory Agreement, as applicable;

WHEREAS, on September 23, 2022, Hexin and Viner filed a lawsuit in the Southern District of New York captioned *Hexin Global Limited, et ano. v. Singularity Future Technology, Ltd., et al*., Case No. 22-cv-08160-LJL, against Defendants, Tuo "Tina" Pan ("Pan"), and Lei Cao ("Cao") alleging, *inter alia*, violations of federal securities laws, common law fraud and breaches of contract ("Hexin Action");

WHEREAS, on October 6, 2022 Jinhe commenced a civil action in the Southern District of New York against Singularity captioned *Jinhe Capital Limited v. Singularity Future *Technology, Ltd.*, Case No. 22-cv-08538-LJL, against Defendant Singularity alleging, *inter alia*, breaches of contract ("Jinhe Action");*

 

WHEREAS, on December 5, 2022, Hudson, Imperii, Isyled, and HSQ filed a lawsuit in the Southern District of New York captioned *St. Hudson Group LLC, et al. v. Singularity Future Technology Ltd.*, *et al.*, Case No. 22-cv-10290-LJL, against Defendants, Pan, and Cao alleging, *inter alia*, violations of federal securities laws, common law fraud and breaches of contract ("Hudson Action," and collectively with the Hexin Action and Jinhe Action, the "Actions");

WHEREAS, Defendants have appeared in the Hexin Action and Hudson Action, and Singularity appeared in the Jinhe Action; Pan and Cao have not appeared in the Hexin Action or the Hudson Action;

WHEREAS, Defendants do not admit, and specifically deny, any liability to the Plaintiffs;

WHEREAS, on January 10, 2023 the Honorable Lewis J. Liman consolidated the Actions pursuant to Rule 42(a) of the Federal Rules of Civil Procedure;

WHEREAS, mutually desiring to avoid the burdens, risks and expenses of litigation between themselves, and without Defendants admitting any liability whatsoever with respect to the Actions, the Parties have entered into this Agreement to facilitate a full and final resolution and settlement of the Actions, and to fully and finally resolve and settle any and all disputes between themselves;

NOW, THEREFORE, with the foregoing background being incorporated herein by reference, and made part hereof, and in consideration of the mutual covenants herein and other good and valuable consideration, the sufficiency of which is hereby acknowledged, the Parties agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Payment</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. In full settlement of Plaintiffs' claims against Defendants, Defendants shall pay Plaintiffs $10,525,910.82
(the "Payment") by depositing the Payment into an escrow account (the "Escrow Account") pursuant to the terms
of an escrow agreement substantially in the form attached hereto as <u>Exhibit A</u> ("Escrow Agreement") within five (5)
business days of the Effective Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Defendants specifically disclaim any role or knowledge in how the Payment will be apportioned between
and among the Plaintiffs, but Plaintiffs represent and warrant that all Plaintiffs have agreed to the Payment distribution, according
to a specific agreement between and among Plaintiffs, to which Defendants are not parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.  **<u>Stock Power.</u>** In connection with the following
forfeitures and cancellations, each undersigned Plaintiff shall deliver to the Escrow Agent, as defined in the Escrow Agreement, a duly
executed stock power in the form attached as <u>Exhibit B</u> hereto ("Stock Power") within five business days of the Effective
Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.  **<u>Distribution.</u>** Upon receipt of the Payment and
the Stock Powers, the Escrow Agent shall distribute the Payment and Stock Powers pursuant to the Escrow Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.  **<u>Cancellation of Shares.</u>** Upon the Company's
receipt of the Stock Powers from the Escrow Agent, (i) the Plaintiffs each agree to irrevocably forfeit the shares of common stock of
the Company each acquired pursuant to the SPA and Advisory Agreement, as applicable, and (ii) the Company may instruct its transfer
agent to cancel those shares on the books and records of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.  **<u>No Prior Transfers, Etc.</u>** As of the Effective
Date, each Plaintiff represents and warrants that the shares of common stock of the Company each Plaintiff acquired pursuant to the SPA
and Advisory Agreement, as applicable, have not, in whole or in part, been assigned, transferred, hypothecated, pledged or otherwise
disposed of since the date of acquisition of the shares by the undersigned Plaintiffs. Plaintiff Isyled specifically represents and warrants
that it is the owner of all shares purchased by Tieding Solar Ltd. pursuant to the SPA and all claims arising therefrom, and has the
requisite authority to enter into this Agreement with respect to those shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.  **<u>Default.</u>** In the event of a default in the remittance
of the Payment required to be made pursuant to Paragraph 1 above, and a failure to cure such default within five business days after
written notice of such default from Plaintiffs to Singularity, Plaintiffs may move to restore the Actions to the trial calendar before
the Honorable Lewis J. Liman, by letter or other method acceptable to the Court, and resume the litigation without prejudice to any rights
or remedies, all of which are expressly reserved, of Plaintiffs or Defendants.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.  **<u>Dismissal of the Actions</u>** . The Parties acknowledge
that by order of the Honorable Lewis J. Liman dated February 24, 2023, the Actions have been dismissed without prejudice, and that this
Agreement fully and finally resolves any claims that were, or which could have been, raised in any of the Actions. Accordingly, the Parties
agree that within five (5) business days after receipt of the Payment, Plaintiffs will submit a proposed stipulated order to the Honorable
Lewis J. Liman requesting that the Actions
be dismissed *with* prejudice. The Parties shall bear their own respective costs (including without limitation attorneys' fees)
in the Actions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.  **<u>Release of Defendants</u>** . Upon the Escrow Agent's
complete distribution of the Payment to Plaintiffs pursuant to the terms of the Escrow Agreement, Plaintiffs, on their own behalf and
on behalf of their current and former officers, managers, directors, shareholders, employees, divisions, parents, subsidiaries, affiliates,
heirs, assigns, beneficiaries, successors, agents, attorneys, and representatives (collectively, the "Plaintiff Releasors"),
do hereby fully release, remise and forever discharge Defendants and their current and former officers, managers, directors, shareholders,
employees, divisions, parents, subsidiaries, affiliates, heirs, assigns, beneficiaries, successors, agents, attorneys, and representatives
(collectively, the "Defendant Releasees"), of and from the claims alleged and claims that were or which could have been alleged
by Plaintiffs in the Actions (such claims are collectively referred to in this paragraph only as the "Released Claims").
The Plaintiff Releasors agree that this instrument may be treated as a complete defense to any action or proceeding that may be brought,
instituted or taken by the Plaintiff Releasors or their subrogees against any of the Defendant Releasees on the Released Claims and shall forever be a complete
bar to the commencement or prosecution of any action or proceeding by the Plaintiff Releasors or their subrogees against any of the Defendant
Releasees for any damages, costs or attorneys' fees arising from or in any way connected with the Released Claims. The Plaintiff
Releasors represent and warrant to the Defendant Releasees that they have not assigned or otherwise transferred any of the Released Claims
to any individual, firm, corporation or other legal entity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.  **<u>Release of Plaintiffs</u>** . Upon the Escrow Agent's
complete distribution of the Stock Powers to Singularity pursuant to the terms of the Escrow Agreement, Defendants, on their own behalf
and on behalf of their current and former officers, managers, directors, shareholders, employees, divisions, parents, subsidiaries, affiliates,
heirs, assigns, beneficiaries, successors, agents, attorneys, and representatives (collectively, the "Defendant Releasors"),
hereby fully release, remise and forever discharge Plaintiffs and their current and former officers, managers, directors, shareholders,
employees, divisions, parents, subsidiaries, affiliates, heirs, assigns, beneficiaries, successors, agents, attorneys, and representatives
(collectively, the "Plaintiff Releasees") of and from any and all claims which were, or could have been, alleged in the Actions
(such claims are collectively referred to in this paragraph only as the "Released Claims"). The Defendant Releasors agree
that this instrument may be treated as a complete defense to any action or proceeding that may be brought, instituted or taken by the
Defendant Releasors or their subrogees against any of the Plaintiff Releasees on the Released Claims and shall forever be a complete
bar to the commencement or prosecution of any action or proceeding by the Defendant Releasors or their subrogees against any of the Plaintiff
Releasees for any damages, costs or attorneys' fees arising from or in any way connected with the Released Claims. The Defendant Releasors
represent and warrant to the Plaintiff Releasees that they have not assigned or otherwise transferred any of the Released Claims to any
individual, firm, corporation or other legal entity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. <u>Miscellaneous</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. <u>No Admission.</u> The Parties agree that the execution of this Agreement and/or the performance of
any of the covenants or obligations hereunder is in no way an admission of any fact or matter or liability whatsoever, and that the consideration
mutually given by the Parties hereunder is given solely to terminate further controversy with respect to the Actions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. <u>Entire Agreement</u>. This Agreement, with all exhibits, schedules and attachments hereto and thereto,
represents the entire agreement between the Parties relating to the subject matter hereof. This Agreement, with all exhibits, schedules
and attachments hereto and thereto, alone fully and completely expresses the agreement of the parties relating to the subject matter hereof.
There are no other courses of dealing, understanding, agreements, representations or warranties, written or oral, except as set forth
herein. This Agreement may not be amended or modified, except by a written agreement signed by all Parties hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. <u>Execution Knowing and Voluntary</u>. In executing this Agreement, the Parties severally acknowledge
and represent that each: (a) has fully and carefully read and considered the terms of this Agreement;
(b) has been or has had the opportunity to be fully advised by legal counsel of the effect and meaning of this document and all terms
and conditions hereof; and (c) is executing this Agreement voluntarily, free from any influence, coercion or duress of any kind and without
relying on any statement, representation or commitment of any kind made by any other Party, or by the other Party's representatives,
successors, assignees, heirs, officers, directors, shareholders, employees, agents, or attorneys.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. <u>Construction.</u> The Parties represent that this Agreement represents the collaborative drafting efforts
of all Parties through their respective attorneys. Accordingly, none of the Parties will be entitled to have any language contained in
this Agreement construed against the other because of the identity of the drafter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. <u>Headings; Context.</u> The titles and headings in this Agreement are included only for ease of reference
and shall have no substantive effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. <u>Amendment.</u> The Parties agree that this Agreement, including this provision, may only be modified,
amended or changed by a written document executed by each of the Parties to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. <u>Assignment</u>. This Agreement shall not be assigned by any Party without the prior written consent
of the other Parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. <u>Severability</u>. In the event that any particular provision or provisions of this Agreement or the
other agreements contained herein shall for any reason hereafter be determined to be unenforceable, or in violation of any law, governmental
order or regulation, such unenforceability or violation shall not affect the remaining provisions of such agreements, which shall continue
in full force and effect and be binding upon the respective parties hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. <u>Attorneys' Fees.</u> In the event that any Party institutes any action or suit to enforce this
Agreement or to secure relief from any default hereunder or breach hereof, the breaching Party or Parties shall reimburse the non-breaching
Party or Parties for all costs, including reasonable attorneys' fees, incurred in connection therewith and in enforcing or collecting
any judgment rendered therein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j. <u>Waiver.</u> A waiver of any of the terms of this Agreement, including this provision, shall not be
valid unless it is in writing and signed by all Parties. The failure of a Party to enforce any of the provisions of the Agreement at any
time, or to require performance by any other Party of any of this Agreement's provisions, shall not in any way be construed: (i)
as a waiver of such provisions; (ii) to affect the validity of any part
of this Agreement; or (iii) to affect the right of a Party to thereafter enforce each
and every provision of the Agreement. Waiver of any breach of this Agreement shall not be deemed to be a waiver of any other or subsequent
breach of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;k. <u>Survival; Termination</u>. The representations, warranties and covenants of the respective Parties
shall survive the consummation of the transactions herein until the expiration of the applicable statute of limitations. This Agreement
shall be binding upon and inure to the benefit of the Parties and their legal representatives, heirs, successors, assigns, employees,
officers, directors and shareholders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;l. <u>Choice of Law/Venue.</u> This Agreement shall be subject to, interpreted, construed, enforced and governed
by and in accordance with laws of the State of New York. The Parties hereto agree that any action, suit or proceeding in any way concerning
or relating to this Agreement or its subject matter shall be commenced or restored in the United States District Court, Southern District
of New York, before the Honorable Lewis J. Liman (the "Venue Court") or, only if the Venue Court lacks subject matter jurisdiction,
before the New York State Supreme Court, New York County (the "Alternate Court"). The Parties hereby irrevocably submit to
the exclusive jurisdiction of the Venue Court (or, if applicable, the Alternate Court) and hereby irrevocably waive, and agree not to
assert in any such action, suit, or proceeding the argument that (i) it is not personally subject to the jurisdiction of the Venue Court
(or, if applicable, the Alternate Court) or (ii) the Venue Court (or, if applicable, the Alternate Court) is an improper or inconvenient
venue for such action, suit, or proceeding.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;m. <u>Counterparts; Facsimile Signatures.</u> This Agreement may be signed in counterparts, any of which
shall be deemed an original, and all of which together shall constitute one and the same instrument, notwithstanding that all of the Parties
hereto are not a signatory to the original or the same counterpart. Electronic signatures shall have the same binding force and effect
as original signatures.

IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first shown above.

---

| | | | |
|:---|:---|:---|:---|
| <u>Plaintiffs</u> | <u>Plaintiffs</u> | <u>Defendants</u> | <u>Defendants</u> |
| Hexin Global Limited | Hexin Global Limited | Singularity Future Technology, Ltd. | Singularity Future Technology, Ltd. |
| /s/ ZHOU CHUNTAO | /s/ ZHOU CHUNTAO | /s/ HENG WANG | /s/ HENG WANG |
| Name: | ZHOU CHUNTAO | Name: | HENG WANG |
| Title: | CEO | Title: | Director |
| Viner Total Investments Fund | Viner Total Investments Fund | Yang "Leo" Jie | Yang "Leo" Jie |
| /s/ WONG HO TIM | /s/ WONG HO TIM | /s/ Yang "Leo" Jie | /s/ Yang "Leo" Jie |
| Name: | WONG HO TIM | By: | Yang "Leo" Jie, Individually |
| Title: | DIRECTOR |  |  |
| Jinhe Capital Limited | Jinhe Capital Limited | Jing "Angela" Shan, Individually | Jing "Angela" Shan, Individually |
| /s/ LIZHI YONG | /s/ LIZHI YONG | /s/ Jing "Angela" Shan | /s/ Jing "Angela" Shan |
| Name: | LIZHI YONG | By: | Jing "Angela" Shan, Individually |
| Title: | CEO |  |  |
| St. Hudson Group LLC | St. Hudson Group LLC |  |  |
| /s/ Duo Liu | /s/ Duo Liu |  |  |
| Name: |  |  |  |
| Title: |  |  |  |
| Imperii Strategies LLC | Imperii Strategies LLC |  |  |
| /s/ Jing Cao | /s/ Jing Cao |  |  |
| Name: | Jing Cao |  |  |
| Title: | CEO |  |  |
| Isyled Technology Limited | Isyled Technology Limited |  |  |
| /s/ Yidong Hu | /s/ Yidong Hu |  |  |
| Name: |  |  |  |
| Title: |  |  |  |
| HS-QYNM Family Inc. | HS-QYNM Family Inc. |  |  |
| ![](ex10-1_001.jpg) | ![](ex10-1_001.jpg) |  |  |
| Name: |  |  |  |
| Title: |  |  |  |

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**EXHIBIT A**

This ESCROW AGREEMENT dated March [ 10], 2023 by and among by and between (1) Hexin Global Limited, a British Virgin Islands corporation ("Hexin"), Viner Total Investments Fund, a Cayman Island corporation ("Viner"), Jinhe Capital Limited, a British Virgin Islands corporation ("Jinhe"), St. Hudson Group LLC, a Delaware Limited Liability Company ("Hudson"), Imperii Strategies LLC, a Delaware Limited Liability Company ("Imperii"), Isyled Technology Limited, a Hong Kong company ("Isyled"), and HS-QYNM Family Inc., a New York corporation ("HSQ") (the foregoing collectively "Plaintiffs"), (2) Singularity Future Technology, Ltd. f/k/a Sino-Global Shipping America, Ltd., a Virginia corporation trading on the Nasdaq Global Markets Exchange under the ticker symbol SGLY (formally SINO) ("Singularity" or "Company"), Yang "Leo" Jie, a natural person residing at 81a Hampshire Road, Great Neck, New York ("Jie"), and Jing "Angela" Shan, a natural person residing in West New York, New Jersey ("Shan") (Singularity, Jie and Shan collectively "Defendants"), and (3) Sichenzia Ross Ference LLP, a New York Limited Liability Partnership ("Escrow Agent"). The foregoing entities and individuals are collectively referred to herein as the "Parties."

**<u>W I T N E S S E T H</u>**

**WHEREAS**, Plaintiffs and Defendants are parties to that certain Settlement Agreement dated March___ , 2023 (the "Settlement Agreement"); and

**WHEREAS**, the Settlement Agreement provides for the payment of certain specified funds and/or the deposit of certain specified Stock Powers into escrow; and

**WHEREAS**, Escrow Agent is willing to retain such funds and/or Stock Powers as escrow agent upon the terms and conditions set forth herein.

**NOW, THEREFORE**, in consideration of the premises and mutual covenants, agreements, representations and warranties contained herein, the Parties hereby agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Capitalized terms used or incorporated herein but not defined
herein will have the meanings given to them in the Settlement Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Plaintiffs and Defendants hereby appoint Escrow Agent to serve
as the escrow agent under this Escrow Agreement and Escrow Agent accepts such appointment, subject to the terms and conditions hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Within five (5) business days of the Effective Date, Defendants
shall deposit with the Escrow Agent the amount required pursuant to the Settlement Agreement in immediately available funds (such amount,
the "Deposit"). The Deposit shall be deposited with the Escrow Agent at:

Citibank

153 East 53rd Street, 23rd Floor <br> New York, NY 10022

A/C of Sichenzia Ross Ference LLP

A/C#: 4974921703

ABA#: 021000089

SWIFT Code: CITIUS33

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. The
 foregoing Deposit, plus all interest, dividends, gains or other income earned with respect
 thereto (if any), less any funds distributed or paid in accordance with this Escrow Agreement,
 are collectively referred to herein as "Escrow Funds."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. All
 interest, gains, and other income (if any) earned with respect to the Escrow Account (its
 "Escrow Earnings") shall be credited to and held in such Escrow Account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. Within
 five (5) business days of the Effective Date, each Plaintiff shall deliver to the Escrow
 Agent a duly executed Stock Power.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. Escrow
 Agent agrees to hold all Escrow Funds, Escrow Earnings, and/or Stock Powers paid, deposited,
 or delivered into escrow (collectively, the "Escrowed Property") in accordance
 with the terms and conditions contained herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. Pending
 the payment and/or delivery of the Escrowed Property out of escrow as provided herein, Escrow
 Agent shall hold all Escrow Funds in its attorneys' trust account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. Upon
 receipt of (i) free and clear funds in the amount of the Payment identified in Paragraph
 1 of the Settlement Agreement, and (ii) seven executed Stock Powers, one from each Plaintiff,
 Escrow Agent shall, from time to time, deliver all or some of the monies and/or Stock Powers
 then constituting the Escrowed Property to Plaintiffs and Defendants.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Escrow
 Agent shall deliver the monies in accordance with written instructions jointly executed by
 all Plaintiffs as Escrow Agent may receive.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Escrow
 Agent shall deliver the Stock Powers in accordance with written instructions executed by
 Singularity as Escrow Agent may receive.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. Escrow
 Agent shall not be under any duty to give the Escrowed Property any greater degree of care
 than it gives its own similar property, and it shall have no liability hereunder, except
 for the willful breach of its duties hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. Escrow
 Agent shall have no duties or responsibilities except those expressly set forth herein, and
 no implied duties or obligations should be read into this Escrow Agreement against Escrow
 Agent. Escrow Agent need not refer to, and will not be bound by, the provisions of any other
 agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. Escrow
 Agent may consult with counsel and shall be fully protected with respect to any action taken
 or omitted by it in good faith on advice of counsel.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13. Escrow
 Agent makes no representation as to the validity, value, genuineness or the collectability
 of any security or other document or instrument held by or delivered to it. Escrow Agent
 shall not be responsible in any respect for the form, execution, validity, value or genuineness
 of documents, Stock Powers, or securities deposited hereunder, or for any description therein,
 or for the identity, authority or rights of persons executing or delivering or purporting
 to execute or deliver any such document, Stock Power, security or endorsement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14. Escrow
 Agent will receive $3,000 for its services hereunder, payable from the Escrow Funds.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15. In
 the event that Escrow Agent shall be uncertain as to its duties or rights hereunder, or shall
 receive instructions from Plaintiffs or Defendants, or both, with respect to the Escrowed
 Property, which, in its opinion, are in conflict with any of the provisions hereof (i) it
 shall be entitled to refrain from taking any action, and in doing so shall not become liable
 in any way or to any person for its failure or refusal to comply with such conflicting demands,
 and it shall be entitled to continue so to refrain from acting and so refuse to act until
 it shall be directed otherwise, in writing, jointly by Plaintiffs and Defendants or until
 it shall receive a final determination of a court of law, arbitration panel, or similar adjudicative
 body, or (ii) it may commence as interpleader action in any court of competent jurisdiction
 to seek an adjudication of the rights of Plaintiffs and Defendants.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16. Escrow
 Agent may act in reliance upon any notice, instruction, certificate, statement, request,
 consent, confirmation, agreement or other instrument which it believes to be genuine and
 to have been signed by a proper person or persons, and may assume that any of the officers
 of Plaintiffs or Defendants purporting to act on behalf of Plaintiffs or Defendants in giving
 any such notice or other instrument in connection with the provisions hereof has been duly
 authorize to do so.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17. In
 the event that Escrow Agent shall by written notice request of Plaintiffs and Defendants
 instructions jointly executed by them regarding any matter arising in connection with this
 Escrow Agreement, and such parties shall not, within fifteen (15) days after the giving of
 such notice, deliver to Escrow Agent written instructions reasonably satisfactory to Escrow
 Agent in relation to such matter, Escrow Agent may retain counsel to advise it in such connection
 or act *pro se*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18. (a) In
 the event that Escrow Agent retains counsel or otherwise incurs any legal fees by virtue
 of any provision of this Escrow Agreement, the reasonable fees and disbursements of such
 counsel and any other liability, loss or expense which it may thereafter suffer or incur
 in connection with this Escrow Agreement or the performance or attempted performance in good
 faith of its duties hereunder shall be paid (or reimbursed to it) by Plaintiffs, jointly
 and severally. In the event that Escrow Agent shall become a party to any litigation in connection
 with its functions as Escrow Agent pursuant to this Escrow Agreement, whether such litigation
 shall be brought by or against it, the reasonable fees and disbursements of counsel to Escrow
 Agent and the amounts attributable to services rendered by members or associates of Escrow
 Agent at the then prevailing hourly rate charged by them and disbursements incurred by them,
 together with any other liability, loss or expense which it may suffer or incur in connection
 therewith, shall be paid (or reimbursed to it) by Plaintiffs, jointly and severally, unless
 such loss, liability or expense is due to the willful breach by Escrow Agent of its duties
 hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Plaintiffs
 jointly and severally hereby unconditionally agree to indemnify Escrow Agent and hold it
 harmless from and against any and all taxes (including Federal, state and local taxes of
 any kind and other governmental charges), expenses, damages, actions, suits or other charges
 incurred by or brought or assessed against it for (i) anything done or omitted by it in the
 performance of its duties hereunder, or (ii) an account of its acting in its capacity as
 an Escrow Agent or stakeholder hereunder, except as a result of its willful breach of its
 duties under this Escrow Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) All
 expenses incurred by Escrow Agent in connection with the performance of its duties hereunder
 shall be paid (or reimbursed to it) by Plaintiffs, jointly and severally.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The
 agreements contained in this paragraph 18 shall survive any termination of the duties of
 Escrow Agent hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19. Escrow
 Agent may resign at any time and be discharged from its duties as Escrow Agent hereunder
 by giving Plaintiffs and Defendants at least fifteen (15) days' prior written notice thereof.
 As soon as practicable after its resignation, Escrow Agent shall turn over to the successor
 escrow agent appointed by Plaintiffs and Defendants the Escrowed Property then held by Escrow
 Agent upon presentation of the document appointing the new Escrow Agent and its acceptance
 thereof. If no new Escrow Agent is so appointed within thirty (30) days following such notice
 of resignation, Escrow Agent may deposit the Escrowed Property with, and commence an inter-pleader
 or other appropriate action in, any court of competent jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20. Plaintiffs
 and Defendants may each terminate this Agreement by giving written notice to Escrow Agent
 and the other parties, by certified or registered mail, ten (10) business days prior to the
 effective date of termination, to the effect that the non-terminating party(ies) failed to
 satisfy its/their obligations under the Settlement Agreement. Within three (3) business days
 after receiving notice of termination, the non-terminating party(ies) shall advise Escrow
 Agent, in writing, by certified or registered mail, if it/they disputes the termination.
 Upon receiving such advice, Escrow Agent shall take no action until it receives either (i)
 a letter signed by both Plaintiffs and Defendants jointly directing it to deliver the Escrowed
 Property to one or both parties in accordance with the terms set forth in such letter or
 (ii) a final determination by a court of law, arbitration panel or similar adjudicative body
 specifying the manner in which the Escrowed Property is to be turned over by Escrow Agent.
 If, on or prior to the effective date of termination, the non-terminating party fails to
 advise Escrow Agent that it disputes the termination, Escrow Agent shall thereupon turn over
 the Escrowed Property to the terminating party. This Escrow Agreement, with the exception
 of the provisions that specifically survive termination, shall terminate 60 days following
 the Effective Date if the Escrowed Property has been distributed by the Escrow Agent. If
 the Escrow Agent still holds Escrowed Property 60 days following the Effective Date, the
 Escrow Agent shall resign pursuant to the terms in Paragraph 19 and this Escrow Agreement
 shall terminate 30 days following distribution of the Escrowed Property, with the exception
 of the provisions that specifically survive termination.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21. For
 the purpose of this Escrow Agreement, a determination will be deemed final once Escrow Agent
 receives a written notification from counsel that no appeal of the determination is permitted,
 or that the time to appeal has expired.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22. Escrow
 Agent shall have no responsibility for the contents of any writing of any arbitrator contemplated
 herein and may rely without liability upon the contents thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23. The
 terms and provisions of this Escrow Agreement may not be waived, discharged or terminated
 orally, but only by an instrument in writing signed by the person or persons against whom
 enforcement of the discharge, waiver or termination is sought.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24. Escrow
 Agent shall not be bound by any modification of the provisions of this Escrow Agreement,
 unless such modification is in writing and signed by Plaintiffs and Defendants, and, with
 respect to any modification in its duties or its rights of indemnification hereunder, it
 shall have given its prior written consent thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25. Plaintiffs
 and Defendants shall, from time to time, execute such documents and perform such acts as
 Escrow Agent may reasonably request and as may be necessary to enable Escrow Agent to perform
 its duties hereunder or effectuate the transactions contemplated by thus Escrow Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26. Each
 of the Plaintiffs, Defendants, and the Escrow Agent hereby represents and warrants, individually
 and not with respect to any other party to this Escrow Agreement (a) that this Escrow Agreement
 has been duly authorized, executed and delivered on its behalf and constitutes its legal,
 valid and binding obligation and (b) that the execution, delivery and performance of this
 Escrow Agreement by itself do not and will not violate any applicable law or regulation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27. The

 created hereby shall be binding upon, the heirs, successors, assigns and personal representatives
 of Escrow Agent, Plaintiffs and Defendants.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28. This
 Escrow Agreement shall be governed by, and its provisions construed in accordance with the
 laws of the State of New York.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29. This
 Escrow Agreement may be signed in counterparts, any of which shall be deemed an original,
 and all of which together shall constitute one and the same instrument, notwithstanding that
 all of the Parties hereto are not a signatory to the original or the same counterpart. Electronic
 signatures shall have the same binding force and effect as original signatures.

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

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| | |
|:---|:---|
| <u>Plaintiffs</u> | <u>Defendants</u> |
| Hexin Global Limited | Singularity Future Technology, Ltd. |
| Name: | Name: |
| Title: | Title: |
| Viner Total Investments Fund | Yang "Leo" Jie |
| Name: | By: |
| Title: |  |
| Jinhe Capital Limited | Jing "Angela" Shan |
| Name: | By: |
| Title: |  |
| St. Hudson Group LLC |  |
| Name: |  |
| Title: |  |
| Imperii Strategies LLC |  |
| Name: |  |
| Title: |  |
| Isyled Technology Limited |  |
| Name: |  |
| Title: |  |
| HS-QYNM Family Inc. |  |
| Name: |  |
| Title: |  |
| <u>Escrow Agent</u> |  |
| Sichenzia Ross Ference, LLP |  |
| Name: |  |
| Title: |  |

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**EXHIBIT B**

**<u>All certificates to be transferred must be enclosed with this stock power</u>**

The signature to this assignment must correspond with the name as written upon the face of the certificate in every particular without alteration or enlargement or any change whatsoever. The signature of the person executing this power must be guaranteed by an eligible Guarantor Institution such as a Commercial Bank, Trust Company, Securities Broker/Dealer, Credit Union, or Savings Association participating in a Medallion Program approved by the Securities Transfer Association, Inc. No other form of signature guarantee is acceptable.

**STOCK POWER**

For value received I/we hereby sell, assign and transfer unto

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| |
|:---|
| (Print or Type Name) |
| (Address of Transferee) |

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**SS# or Tax ID__________________________**.

___________________________________________Book shares of the ________________________________. <br>(Name of Company)

Represented by Account number(s)__________________________.

The undersigned does (do) hereby irrevocably constitute and appoint **TranShare Corporation** to transfer the said stock on the books of said company with full power of substitution in the premises.

**(Must check one) Note: *<u>If any cost basis information below is not completed the issuer will be notified and given two weeks to provide the data. If the data is not provided at the end of the two weeks, the request will not be processed and will be rejected back to the issuer.</u>***

***<u> </u>***

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| | |
|:---|:---|
| **Original Cost_______________________________** | **Original Issuance/Purchase Date____________________** |

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**Current Cost for this transaction <u>_______________________</u>**

**Gift <u>_________</u>Purchase/Sell ________(Includes both Private and Public Purchases) Compensation ______(Includes payment for services)**

Date <u>_____________________</u>

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| |
|:---|
| (Signature of Registered Holder completing the stock power) |
| (Print Name of Registered Holder) |
| (Signature of Joint Registered Holder completing the stock power) |
| (Print Name of Joint Registered Holder) |

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*(Affix <u>Medallion</u> Signature Guarantee imprint in space to the right)*