Document:

Exhibit 10.1

 

SHARE
PURCHASE AGREEMENT

 

This Share Purchase Agreement
(this “Agreement”) is made and entered into as of September 14 by and among (i) Planet Green Holdings Corporation,
a corporation incorporated in the State of Nevada (the “Parent”), (ii) Hubei Bulaisi Technology Co., Ltd.
(the “Purchaser”), a limited liability company registered in the People’s Republic of China, and (iii)
Xue Wang (the “Seller”), the shareholder of the Jingshan Sanhe Luckysky New Energy Technologies 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 15% 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 Jingshan City, Hubei Province, China;

 

WHEREAS, the Company
researches, develops and manufactures ethanol fuel and fuel additive 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 15% 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 15% 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 $3,000,000.00
(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.

 

    Page 2

     

    

 

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]

 

    Page 3

     

    

 

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:	/s/ Bin Zhou
	 	 	Name: 	Bin Zhou
	 	 	Title:	CEO
	 	 	 	 
	 	The Purchaser:
	 	 	 	 
	 	HUBEI BULAISI TECHNOLOGY CO., LTD. 
	 	a Chinese limited liability company
	 	 	 	 
	 	By:	/s/ Bin Zhou
	 	 	Name: 	Bin Zhou
	 	 	Title: 	CEO
	 	 	 	 
	 	The Seller:
	 	 	 	 
	 	XUE WANG
	 	 	 	 
	 	By:	/s/ Xue Wang
	 	Name: 	 Xue Wang

 

Signature PageExhibit
10.1

 

PROMISSORY
NOTE

 

	$75,000.00	 	September
    16, 2022
	 	 	Miami,
    FL

 

FOR
VALUE RECEIVED, the undersigned, Non-Invasive Monitoring Systems, Inc., a Florida corporation with its principal place of business at
4400 Biscayne Blvd., Miami, FL 33137 (“Maker”), promises to pay to the order of Frost Gamma Investments Trust, with
its principal place of business at 4400 Biscayne Blvd., 15th Floor Miami, FL 33137 (“Payee”), at such place as
may be designated in writing by Payee, the principal sum of SEVENTY-FIVE THOUSAND AND 00/XX ($75,000.00) (this “Note”).

 

1.
The principal amount of the loan evidenced hereby, together with any accrued and unpaid interest, and any and all unpaid costs, fees
and expenses accrued, shall be due and payable on October 4, 2023 (the “Maturity Date”).

 

2.
All amounts outstanding from time to time hereunder shall bear interest at the rate of eleven percent (11%) per annum until such amounts
are paid.

 

3.
This Note may be prepaid in whole or in part without penalty or premium. All payments of principal shall be made in lawful money of the
United States which shall be legal tender in payment of all debts, public and private, at the time of payment.

 

4.
The Maker agrees to pay all costs of collection incurred in enforcing this Note, including attorneys’ fees and costs at both trial
and appellate levels and in any bankruptcy action. In the event any legal proceedings are instituted in connection with, or for the enforcement
of, this Note, Payee shall be entitled to recover its costs of suit, including attorneys’ fees and costs, at both trial and appellate
levels and in any bankruptcy action.

 

5.
Each maker, endorser and guarantor or any person, firm or corporation becoming liable under this Note hereby consents to any extension
or renewal of this Note or any part hereof, without notice, and agrees that they will remain liable under this Note during any extension
or renewal hereof, until the debts represented hereby are paid in full.

 

6.
All persons now or at any time liable for payment of this Note hereby waive presentment, protest, notice of protest and dishonor. The
Maker expressly consents to any extension or renewal, in whole or in part, and all delays in time of payment or other performance which
Payee may grant at any time and from time to time without limitation and without any notice or further consent of the undersigned. The
remedies of Payee as provided herein shall be cumulative and concurrent and may be pursued singularly, successively or together, at the
sole discretion of Payee, and may be exercised as often as the occasion therefor shall arise.

 

7.
This Note is to be governed by and construed in accordance with the applicable laws of the State of Florida. Any action brought upon
the enforcement of this Note is hereby authorized to be instituted and prosecuted in the state and federal courts located in Miami-Dade
County, Florida, at the election of Payee.

 

8.
This Note may not be changed orally, but only by an agreement in writing, signed by the party against whom enforcement of any waiver,
change, modification or discharge is sought. This Note shall not be assignable or transferable by Maker without the express written consent
of Payee.

 

9.
No delay on the part of Payee in exercising any right or remedy hereunder shall operate as a waiver of such right or remedy. No single
or partial exercise of a right or remedy shall preclude other or further exercise of that or any other right or remedy. The failure of
Payee to insist upon strict performance of any term of this Note, or to exercise any right or remedy hereunder, shall not be construed
as a waiver or relinquishment by the Payee for the future use of that term, right or remedy. No waiver of any right of the Payee is effective
unless in writing executed by the Payee.

 

10.
The unenforceability or invalidity of any provision of this Note as to any person or circumstances shall not render that provision or
those provisions unenforceable or invalid as to any other provisions or circumstances, and all provisions hereof, in all other respects,
shall remain valid and enforceable.

 

NIMS
Promissory Note in Favor of FGIT – September 16, 2022

 

    	 

     

    

 

IN
WITNESS WHEREOF, the undersigned has executed this Note on the date specified below.

 

	DATE:
    September 16, 2022	MAKER:
	 	 	 
	 	NON-INVASIVE MONITORING SYSTEMS, INC.
	 	 	 
	 	By:	/s/ James J. Martin
	 	Its:	Chief
    Financial Officer

 

NIMS
Promissory Note in Favor of FGIT – September 16, 2022

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