Document:

Exhibit 10.1

 

Consulting Service Agreement

 

This Agreement is made this 25th day of January 2020, by and
between Future Fintech Group Inc. (the “Company”), a NASDAQ listed company, and Dragon Investment Holding Limited (Malta)
(the “Consultant”), a business development and financial advisory incorporated in Malta. This Agreement shall be effective
for 3 years.

 

WHEREAS, the Consultant, is permitted to perform consulting
services for the Company.

 

WHEREAS, the Company desires that the Consultant provide advice
and assistance to the Company in its area of expertise; and

 

WHEREAS, the Consultant desires to provide such advice and assistance
to the Company under the terms and conditions of this Agreement;

 

NOW, THEREFORE, the Company and the Consultant hereby agree
as follows:

 

1. Consulting Services

 

(a) Subject to the terms and conditions of this Agreement, the
Company hereby retains Consultant as a consultant and business development advisor to perform the consulting services set out as
follows:

 

- helping the Company to locate new merger project globally
and develop new merger strategy; Provide the Company with at least five (5) Mergers & Acquisitions targets that have synergy
with the Company business and development plans and could clearly contribute to the Company’s strategic goals each year;

 

- helping the Company to map out new growth strategy in addition
to its current business;

 

- working with the Company to explore new lines of business
and their growth strategies;

 

-conducting market research and evaluating variable project
and providing feasibility studies per Company’s request from time to time;

 

(b) Company shall provide Consultant, with accurate, unbiased
and sufficient information for the consultant to review the subject matter thereof, and shall promptly provide further information
that Consultant reasonably deems relevant to forming any pertinent conclusions relevant to the matter for discussion.

 

2. Compensation and Shares of the Company. 

 

In consideration of the services to be provided by Consultant
to the Company hereunder, the Company agrees to pay the Consultant a three-year consultant fee totaling $ 3 million. The Company
shall issue 3,750,000 restricted shares of common stock of the Company (the “Shares”) in total at a price of $0.80
per share as the payment of the above mentioned consultant fee to the Consultant. The parties agree that no share will be issued
until the board of directors of the Company and NASDAQ approve the issuance of Shares. The Consultant understands that the above-mentioned
FTFT stocks have not registered with the US Securities and Exchange Commission and are issued in accordance with the relevant exemptions
of the US securities regulations. The Consultant shall not sell, dispose or transfer the Shares unless they are subsequently registered
under the Securities Act and applicable state securities laws or exemptions from such registration requirements are available.
The Company agrees to issue 3,750,000 FTFT shares in the name of the Consultant within 10 days after the approval of the Board
and NASDAQ, among which 1,500,000 should be released to the Consultant immediately upon the issuance, 1,125,000 shares will be
held by the Company and released to the Consultant on January 25, 2021 if this Agreement has not been terminated and there has
been no breach of Agreement by the Consultant at such time, the last 1,125,000 shares will be held by the Company and released
to the Consultant on January 25,2022 if this Agreement has not been terminated and there has been no breach of Agreement by the
Consultant at such time. If the 2nd and/or 3rd release of the shares mentioned above doesn’t occur,
such shares shall be returned to the Company as treasury shares. If Nasdaq does not approve the issue of the Shares, the two parties
agree to negotiate other payment methods and if no agreement can be reached by the parties, this Agreement shall be terminated
immediately.

 

     

     

    

 

Consultant is acquiring the Shares for its own account and has
no direct or indirect arrangement or understandings with any other persons to distribute or regarding the distribution of the Shares
(this representation and warranty not limiting the Consultant’s right to sell the Shares in compliance with applicable federal
and state securities laws). Consultant is acquiring the Shares as principal, not as nominee or agent, and not with a view to or
for distributing or reselling the Shares or any part thereof in violation of the Securities Act of 1933, as amended (the “Securities
Act”) or any applicable state securities law.

 

Consultant, either alone or together with its representatives,
has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits
and risks of the prospective investment in the Shares, and has so evaluated the merits and risks of such investment. Consultant
is able to bear the economic risk of an investment in the Shares and, at the present time, is able to afford a complete loss of
such investment.

 

Consultant acknowledges that it has had the opportunity to review
the SEC filings of the Company and has been afforded (i) the opportunity to ask such questions as it has deemed necessary of, and
to receive answers from, representatives of the Company concerning the terms and conditions of the offering of the Shares and the
merits and risks of investing in the Shares; (ii) access to information about the Company and its financial condition, results
of operations, business, properties, management and prospects sufficient to enable it to evaluate its investment; and (iii) the
opportunity to obtain such additional information that the Company possesses or can acquire without unreasonable effort or expense
that is necessary to make an informed investment decision with respect to the investment. 

 

At the time Consultant was offered the Shares, and as of the
date hereof, all of the equity owners of Consultant are “accredited investors” as defined in Rule 501(a) under the
Securities Act or non-U.S. person (as such term is defined in Rule 902 of Regulation S under the Securities Act) and is not acquiring
the Shares for the account or benefit of a U.S. person.

 

The Shares may only be disposed of in compliance
with state and federal securities laws. In connection with any transfer of Shares other than pursuant to an effective registration
statement or Rule 144, the Company may require the transferor thereof to provide to the Company an opinion of counsel selected
by the transferor and reasonably acceptable to the Company, the form and substance of which opinion shall be reasonably satisfactory
to the Company, to the effect that such transfer does not require registration of such transferred Shares under the Securities
Act. Consultant agrees to the imprinting, a legend on all of the certificates evidencing the Shares in the following form:

 

THIS SECURITY HAS NOT BEEN
REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION
FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE
OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION
FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE
STATE SECURITIES LAWS.

 

    2

     

    

 

3. Relationship

 

Both parties agreed that the Consultant is neither an employee
nor a representative of the Company. This agreement has nothing related to Employer-Employee relationship. Consultant shall pay
any federal, state and regional tax along with other related tax on its own. The Company shall not withhold any income tax, social
security payment, unemployment insurance and workers comp for the Consultant. The Consultant shall file and pay its related taxes
accordingly.

 

4. Term and Termination

 

This agreement will commence on the effective date set forth
and continue for a period of 3 years from the effective date. The Company may at its option to extend or terminate this Agreement
any time with a 15 days notice to the consultant prior to its expiration.

 

5. Confidential Information

 

Both parties acknowledge that there is an exchange of confidential
and proprietary information associated with this Agreement. Confidential and proprietary information may include documents, communications,
plans, processes, formulations, data, know-how, financial information, techniques, methods, customers, suppliers, partners, patents,
trademarks, designs, and other forms of tangible or intangible assets owned by the Company. Confidential and proprietary information
does not include information within the public domain, information that has been publicly known prior to the execution of this
Agreement, or information that the Consultant developed independently of any confidential information.

 

The Consultant will not divulge, disseminate, publish or otherwise
disclose any information without the prior written consent of the Company. The Consultant will not use any information for purposes
other than the performance of services described in this Agreement. The Company agrees to not disclose confidential information
to the Consultant except to the extent that the Consultant requires this information to fulfill the obligations within this agreement.

 

If the Company has any concerns over the sharing of sensitive
information and requires additional control measures, the Consultant will establish secured means of information sharing that are
mutually agreeable to both parties. These control measures may include restricting who can copy, print, or change documents during
the course of the engagement.

 

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6. Role of the Consultant

 

The Consultant will not make management decisions on behalf
of the Company. The role of the Consultant shall be advisory in nature with no conflicts of interest prior to, during or after
the engagement with the Company. This role will also extend to any third parties that the Consultant may use during the course
of the engagement.

 

7. Entire Agreement

 

This Agreement represents the entire understanding of the parties
superseding all prior agreements, understandings and discussions whether conveyed orally or in writing, and there are no other
warranties, commitments, understandings or representations with respect to this agreement.

 

8. Agreement Copies

 

This agreement shall be executed in 2 original signed copies
or more, each copy is deemed equally effective under the law and viewed as the original. Both parties agreed to exchange the agreement
original copies by fax or email. The agreement does not require the two parties to sign face-to-face. All the fax or email copy
of the agreement with the original signature is deemed to be original copies and effective by the time signed.

 

9. Governing Law

 

This Agreement shall be governed by and interpreted, construed
and enforced in accordance with the laws of the State of Florida, excluding conflicts of laws principles, and both parties further
consent to jurisdiction by the state and federal courts sitting in the State of Florida.

 

IN WITNESS WHEREOF, the parties have executed this Agreement
effective the date first written above.

 

	The Company:	 	Consultant:
	 	 	 
	By:________________________________	 	By________________________________

 

	Title:  Chairman and CEO	 	Title: President

 

	Date: January 25, 2020	 	Date: January 25, 2020

 

 

4Exhibit

Exhibit 4(k) 
DESCRIPTION OF UNITED RENTALS’ SECURITIES REGISTERED PURSUANT TO SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934
 
COMMON STOCK
The following description is a summary of the material terms of our common stock. This summary may not contain all of the information that is important to you and is qualified in its entirety by reference to our certificate of incorporation and by-laws, which are filed as exhibits to this Annual Report on Form 10-K and are incorporated by reference herein. We encourage you to read these documents and the applicable portion of the Delaware General Corporation Law, as amended (the “DGCL”), carefully. In this summary, the terms “United Rentals,” “we”, “us” and “our” refer to United Rentals, Inc., in each case unless otherwise indicated. 
General
United Rentals is authorized by its certificate of incorporation to issue up to 500,000,000 shares of common stock, par value $0.01 per share.
As of December 31, 2019, there were 74,362,195 shares of United Rentals' common stock, $0.01 par value, outstanding. At December 31, 2019, there were 36,284 shares of common stock reserved for issuance pursuant to options granted under our stock option plans.
The rights, preferences and privileges of the holders of our common stock are subject to, and may be adversely affected by, the rights of the holders of any series of preferred stock that we may designate and issue in the future.
Dividend Rights
Subject to the rights of the holders of our preferred stock (if any), the holders of our common stock have the right to receive dividends and distributions, whether payable in cash or otherwise, as may be declared from time to time by our Board of Directors (the “Board”), from legally available funds. However, United Rentals has not paid dividends on its common stock since inception.
Voting Rights; Declassified Board

Each holder of record of our common stock is entitled to one vote for each share held on all matters submitted to a vote at a meeting of our stockholders. Except as otherwise required by law, holders of our common stock will vote together as a single class on all matters presented to the stockholders for their vote or approval, including the election of directors. There are no cumulative voting rights with respect to the election of directors or any other matters. Our by-laws require a director to be elected by a majority of votes cast with respect to such director in uncontested elections. Pursuant to our amended and restated certificate of incorporation, all directors are elected annually for one-year terms.

Liquidation Rights
Subject to the rights of the holders of our preferred stock (if any), in the event of our liquidation, dissolution or winding-up, holders of our common stock are entitled to share equally in the assets available for distribution after payment of all creditors. 
No Redemption, Conversion or Preemptive Rights; No Sinking Fund Provisions
Holders of our common stock have no redemption rights, conversion rights or preemptive rights to purchase or subscribe for our securities. There are no redemption provisions or sinking fund provisions applicable to our common stock.
Fully Paid and Non-assessable
When United Rentals issues shares of its common stock, the shares will be fully paid and non-assessable, which means that the full purchase price of the shares will have been paid and holders of the shares will not be assessed any additional monies for the shares.
No Restrictions on Transfer
Neither our certificate of incorporation nor our by-laws contains any restrictions on the transfer of our common stock. In the case of any transfer of shares, there may be restrictions imposed by applicable securities laws.
Issuance of Common Stock
In certain instances, the issuance of authorized but unissued shares of common stock may have an anti-takeover effect. The Board's authority to issue additional shares of common stock may help deter or delay a change of control by increasing the number of shares needed to gain control.

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Certain Provisions in our Certificate of Incorporation and By-laws
United Rentals' certificate of incorporation and by-laws contain a number of provisions that may be deemed to have the effect of discouraging or delaying attempts to gain control of us, including provisions: (i) providing the Board with the exclusive power to determine the exact number of directors comprising the entire Board, subject to the certificate of incorporation and the right of the holders of preferred stock to elect directors (if any); (ii) authorizing the Board or a majority of the directors then in office or the sole remaining director (and not stockholders unless there are no directors then in office) to fill vacancies in the Board; (iii) requiring advance notice of stockholder proposals; (iv) providing that any action required or permitted to be taken by our stockholders be taken only at an annual or special meeting and prohibiting stockholder action by written consent in lieu of a meeting; (v) providing the Board with flexibility in scheduling the annual meeting (subject to state law requirements); (vi) providing that the by-laws may be amended by the Board; and (vii) authorizing the Board to issue preferred stock with rights and privileges, including voting rights, as it may deem appropriate. The foregoing provisions could impede a change of control.
Section 203 of the DGCL

United Rentals is subject to the provisions of Section 203 of the DGCL. In general, Section 203 prohibits a publicly held Delaware corporation from engaging in a "business combination" with an "interested stockholder" for a period of three years after the date of the transaction in which the person became an interested stockholder, unless the business combination is approved in a prescribed manner. A "business combination" includes a merger, asset sale or a transaction resulting in a financial benefit to the interested stockholder. An "interested stockholder" is a person who, together with affiliates and associates, owns (or, in certain cases, within the preceding three years, did own) 15% or more of the corporation's outstanding voting stock. Under Section 203, a business combination between United Rentals and an interested stockholder is prohibited unless it satisfies one of the following conditions:

		
	•
	prior to the stockholder becoming an interested stockholder, the Board must have previously approved either the business combination or the transaction that resulted in the stockholder becoming an interested stockholder;

		
	•
	upon consummation of the transaction that resulted in the stockholder becoming an interested stockholder, the interested stockholder owned at least 85% of the voting stock of United Rentals outstanding at the time the transaction commenced, excluding, for purposes of determining the number of shares outstanding, shares owned by persons who are directors and officers; or

		
	•
	the business combination is approved by the Board and authorized at an annual or special meeting of the stockholders by the affirmative vote of at least 662/3% of the outstanding voting stock which is not owned by the interested stockholder.

Listing
United Rentals' common stock is traded on the New York Stock Exchange and trades under the symbol "URI."
Transfer Agent
The transfer agent for our shares of common stock is American Stock Transfer & Trust Company.

PREFERRED STOCK
The following description is a summary of the material terms of our preferred stock. This summary may not contain all of the information that is important to you and is qualified in its entirety by reference to our certificate of incorporation and by-laws, which are filed as exhibits to this Annual Report on Form 10-K and are incorporated by reference herein. We encourage you to read these documents carefully. In this summary, the terms “United Rentals,” “we”, “us” and “our” refer to United Rentals, Inc., in each case unless otherwise indicated. 
General
United Rentals is authorized by its certificate of incorporation to issue up to 5,000,000 shares of preferred stock, par value $0.01 per share, in one or more series. Currently, there are no shares of our preferred stock issued and outstanding.
Subject to the restrictions prescribed by law, our Board is authorized to fix the number of shares of any series of unissued preferred stock, to determine the designations and the rights, preferences, privileges, restrictions and limitations granted to or imposed upon any series of unissued preferred stock (including dividend rights (which may be cumulative or non-cumulative), voting rights, conversion rights, redemption rights and terms, sinking fund provisions, liquidation preferences and any other relative rights, preferences and limitations of that series) and, within any applicable limits and restrictions established, to increase or decrease the number of shares of such series subsequent to its issue. Before we issue any series of preferred stock, our Board will adopt resolutions creating and designating such series as a series of preferred stock. Stockholders will not need to approve these resolutions. The issuance of preferred stock could adversely affect the voting and other rights of holders of our common stock and may have the effect of delaying or preventing a change in control of United Rentals.

2

No Preemptive Rights
The holders of our preferred stock will have no preemptive rights to buy any additional shares of preferred stock.
Fully Paid and Non-assessable
When we issue shares of our preferred stock, the shares will be fully paid and non-assessable, which means the full purchase price of the shares will have been paid and holders of the shares will not be assessed any additional monies for the shares.
No Restrictions on Transfer
Neither our certificate of incorporation nor our by-laws contains any restrictions on the transfer of our preferred stock. In the case of any transfer of shares, there may be restrictions imposed by applicable securities laws.
Issuance of Preferred Stock
In certain instances, the issuance of authorized but unissued shares of preferred stock may have an anti-takeover effect. The authority of the Board to issue preferred stock with rights and privileges, including voting rights, as it may deem appropriate, may enable the Board to prevent a change of control despite a shift in ownership of our common stock.

3

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