Document:

Exhibit
4.16

 

OVERSEAS
SHIPHOLDING GROUP, INC.

DESCRIPTION
OF CAPITAL STOCK

 

Our
common stock is listed on the New York Stock Exchange under the symbol “OSG.” All outstanding shares of common stock
are validly issued, fully paid, and nonassessable. Our authorized capital stock consists of (a) 167,987,800 authorized shares
of common stock, consisting of 166,666,666 authorized shares of Class A Common Stock, par value $0.01 per share (the “Class
A Common Stock”), and 1,321,134 authorized shares of Class B Common Stock, par value $0.01 per share (the “Class B
Common Stock” and, together with the Class A Common Stock, the “common stock”), and (b) 60,000,000 shares of
preferred stock, par value $0.01 per share (the “preferred stock”).

 

The
following is a summary of the material provisions of our capital stock and certain provisions of the Delaware General Corporation
Law (“DGCL”). You should refer to the full text of our Amended and Restated Certificate of Incorporation and Amended
and Restated By-Laws filed as exhibits to our Annual Reports on Form 10-K.

 

Common
Stock

 

The
holders of our common stock are entitled to such dividends as our board of directors may declare from time to time from legally
available funds, based on the number of shares of common stock then held of record by such holder, subject to the preferential
rights of the holders of any shares of preferred stock that we may issue in the future. The holders of our common stock are entitled
to one vote per share.

 

Our
Amended and Restated Certificate of Incorporation does not provide for cumulative voting in the election of directors. Our Amended
and Restated By-Laws provide that directors will be elected by a majority of the shares voting once a quorum is present.

 

Upon
any voluntary or involuntary liquidation, dissolution or winding up of our affairs, the holders of our common stock are entitled
to share, on a pro rata basis, all assets remaining after payment to creditors and subject to prior distribution rights of any
shares of preferred stock that we may issue in the future. All of the outstanding shares of common stock are fully paid and non-assessable.
Holders of our common stock have no preemptive rights, conversion rights or other subscription rights, and there are no redemption
or sinking fund provisions applicable to our common stock. The rights, preferences and privileges of holders of common stock are
subject to, and may be impacted by, the rights of the holders of shares of any series of preferred stock that we may designate
and issue in the future.

 

    	1

    	 

    

 

Preferred
Stock

 

Under
our Amended and Restated Certificate of Incorporation, our board of directors, without further action by our stockholders, is
authorized to issue shares of preferred stock with such voting powers, full or limited, or no voting powers, and such designations,
preferences and relative, participating, optional or other special rights, and qualifications, limitations or restrictions as
the board of directors shall specify in the resolution or resolutions providing for the issuance of such preferred stock, provided
that the board of directors may not issue any preferred stock for any defensive or anti-takeover purpose, for the purpose of implementing
any shareholders rights plan or with features specifically intended to make any attempted acquisition of the Company more difficult
or costly, without the affirmative vote of at least a majority of the total voting power of the outstanding shares of our capital
stock entitled to vote on such matter, voting as a class. Notwithstanding the foregoing, the preferred stock could have voting
or conversion rights that could adversely affect the voting power or other rights of holders of our common stock, and the issuance
of preferred stock could also have the effect, under certain circumstances, of delaying, deferring or preventing a change of control.
We currently have no plans to issue any shares of preferred stock.

 

Qualification
for Ownership and Transfer of Shares

 

Certain
of our U.S. Flag operations are conducted in the U.S. coastwise trade and are governed by the U.S. federal law commonly known
as the “Jones Act,” specifically, 46 U.S.C. Sections 12103 and 50501. The Jones Act restricts waterborne transportation
of goods and passengers between points in the United States to vessels owned and controlled by “U.S. Citizens” as
specifically defined therein (as so defined, “U.S. Citizens”). We could lose the privilege of owning and operating
vessels in the Jones Act trade if non-U.S. Citizens were to own or control, in the aggregate, more than 25% of the equity interests
in the Company. Our Amended and Restated Certificate of Incorporation and Amended and Restated By-Laws authorize our board of
directors to establish with respect to any class or series of capital stock of the Company certain rules, policies and procedures,
including procedures with respect to transfers of shares, to ensure compliance with the Jones Act. In order to provide a reasonable
margin for compliance with the Jones Act, our board of directors has determined that until further action by the board, at least
77% of the outstanding shares of each class of capital stock of the Company must be owned by U.S. Citizens. At and during such
time that the limit is reached with respect to shares of Class A Common Stock or Class B Common Stock, as applicable, we will
be unable to issue any further shares of such class of common stock or approve transfers of such class of common stock to non-U.S.
Citizens. Any purported transfer of equity interests in the Company in violation of these ownership provisions will be ineffective
to transfer the equity interests or any voting, dividend or other rights associated with them.

 

Anti-Takeover
Effects of Provisions of Our Amended and Restated Certificate of Incorporation, Our Amended and Restated By-Laws and Delaware
Law

 

Our
Amended and Restated Certificate of Incorporation and Amended and Restated By-Laws contain a number of provisions relating to
corporate governance and to the rights of stockholders. Certain of these provisions may be deemed to have a potential “anti-takeover”
effect in that such provisions may delay, defer or prevent a change of control or an unsolicited acquisition proposal that a stockholder
might consider favorable, including a proposal that might result in the payment of a premium over the market price for the shares
held by the stockholders. Examples of such provisions in our Amended and Restated Certificate of Incorporation and Amended and
Restated By-Laws relating to corporate governance and the rights of stockholders, certain of which may be deemed to have a potential
“anti-takeover” effect include:

 

    	2

    	 

    

 

Authorized
but Unissued or Undesignated Capital Stock. Our authorized capital stock consists of 167,987,800 authorized shares of common
stock (consisting of 166,666,666 authorized shares of Class A Common Stock and 1,321,134 authorized shares of Class B Common Stock)
and 60,000,000 shares of preferred stock. A large quantity of authorized but unissued shares may deter potential takeover attempts
because of the ability of our board of directors to authorize the issuance of some or all of these shares to a friendly party,
or to the public, which would make it more difficult for a potential acquirer to obtain control of us. This possibility may encourage
persons seeking to acquire control of us to negotiate first with our board of directors. The authorized but unissued stock may
be issued by the board of directors in one or more transactions. In this regard, our Amended and Restated Certificate of Incorporation
grants the board of directors broad power to establish the rights and preferences of authorized and unissued preferred stock.
Although our Amended and Restated Certificate of Incorporation prohibits the board of directors, without the affirmative vote
of at least a majority of the total voting power of our outstanding shares of capital stock entitled to vote on such matters,
voting as a class, from issuing any preferred stock for any defensive or anti-takeover purpose, for the purpose of implementing
any shareholder rights plan or with features specifically intended to make any attempted acquisition of the Corporation more difficult
or costly, the issuance of shares of preferred stock pursuant to the board of directors’ authority described above could
decrease the amount of earnings and assets available for distribution to holders of common stock and adversely affect the rights
and powers, including voting rights, of such holders and may have the effect of delaying, deferring or preventing a change of
control. The board of directors does not currently intend to seek stockholder approval prior to any issuance of preferred stock,
unless otherwise required by law or our Amended and Restated Certificate of Incorporation.

 

Action
by Written Consent. Our Amended and Restated By-Laws provide that stockholder action can be taken by written consent in lieu
of a meeting.

 

Special
Meetings of Stockholders. Our Amended and Restated By-Laws provide that special meetings of our stockholders may be called
only by the President or any Vice President, by resolution of the board of directors or by holders of not less than 25% of all
outstanding shares entitled to vote on the matter for which the meeting is called. Our Amended and Restated By-Laws prohibit the
conduct of any business at a special meeting other than as specified in the notice for such meeting.

 

Advance
Notice Procedures. Our Amended and Restated By-Laws establish advance notice procedures with respect to stockholder proposals
and the nomination of candidates for election as directors, other than nominations made by or at the direction of the board of
directors. In order for any matter to be “properly brought” before a meeting, a stockholder will have to comply with
advance notice requirements and provide us with certain information. Generally, to be timely, a stockholder’s notice must
be received at our principal executive offices not less than 60 days nor more than 90 days prior to the first anniversary of the
date of the immediately preceding annual meeting. Our Amended and Restated By-Laws also specify requirements as to the form and
content of a stockholder’s notice. These provisions may defer, delay or discourage a potential acquirer from conducting
a solicitation of proxies to elect the acquirer’s own slate of directors or otherwise attempting to influence or obtain
control of us.

 

    	3

    	 

    

 

Super
Majority Approval Requirements. Our Amended and Restated By-Laws provide that our board of directors, at any regular meeting
or special meeting called for the purpose, and our stockholders, at any annual meeting or special meeting called for the purpose,
may make, alter, amend or repeal our Amended and Restated By-Laws. However, our board of directors may not, without the affirmative
vote of a majority of the outstanding stock entitled to vote on such matters, alter, amend or repeal certain provisions of our
Amended and Restated By-Laws, including those relating to stockholder meeting quorum requirements, majority election of directors,
advance notice procedures, special meetings of our board of directors, committees of the board of directors and amendments to
the Amended and Restated By-Laws. Further, our board of directors may not, without the affirmative vote of the holders of two-thirds
or more of the outstanding stock entitled to vote on such matters, alter, amend or repeal certain other provisions of our Amended
and Restated By-Laws, including those relating to the calling of special meetings by stockholders and stockholder action by written
consent.

 

The
DGCL provides generally that the affirmative vote of a majority of the outstanding shares then entitled to vote is required to
amend a corporation’s certificate of incorporation, unless the certificate of incorporation requires a greater percentage.
Our Amended and Restated Certificate of Incorporation provides that specified provisions, including those relating to amendment
of our Amended and Restated Certificate of Incorporation, actions by written consent of stockholders and our opt out of Section
203 of the DGCL, may only be amended or repealed by the affirmative vote of two-thirds or more of the combined voting power of
the outstanding shares of our capital stock.

 

The
combination of these provisions may make it more difficult for our existing stockholders to replace our board of directors as
well as for another party to obtain control of us by replacing our board of directors. Because our board of directors has the
power to retain or discharge our officers, these provisions could also make it more difficult for existing stockholders or another
party to effect a change in management.

 

Business
Combinations with Interested Stockholders

 

Section
203 of the DGCL restricts certain business combinations between a Delaware corporation and an “interested stockholder”
(in general, a stockholder owning 15% or more of the corporation’s outstanding voting stock) or the interested stockholders’
affiliates or associates for a period of three years following the date on which the stockholder becomes an “interested
stockholder.” Pursuant to our Amended and Restated Certificate of Incorporation, however, we have opted out of Section 203
of the DGCL, and therefore are not be subject to any limitations thereunder.

 

Exclusive
Forum

 

Our
Amended and Restated By-Laws provides that unless we consent in writing to the selection of an alternate forum, the State and
Federal court located in the State of Delaware is the sole and exclusive forum for (i) any derivative action or proceeding brought
on our behalf, (ii) any action asserting a claim of breach of fiduciary duty owed by any of our directors, officers or other employees,
(iii) any action asserting a claim against us arising pursuant to the DGCL or (iv) any action asserting a claim against us that
is governed by the internal affairs doctrine, in all cases subject to the court having personal jurisdiction over the parties
named as defendants. Any person or entity purchasing or otherwise acquiring any interest in our shares of common stock shall be
deemed to have notice of and consented to the forum provisions in our Amended and Restated By-Laws.

 

Stockholders’
Derivative Actions

 

Under
the DGCL, any of our stockholders may bring an action in our name to procure a judgment in our favor, also known as a derivative
action, provided that the stockholder bringing the action is a holder of our shares at the time of the transaction to which the
action relates or such stockholder’s stock thereafter devolved by operation of law.

 

Limitations
on Liability and Indemnification of Officers and Directors

 

Our
Amended and Restated Certificate of Incorporation limits the liability of our directors to the fullest extent permitted by the
DGCL and requires that we will provide them with customary indemnification.

 

    	4Exhibit 10.1

 

THE EXCHANGE CONTEMPLATED
HEREIN IS INTENDED TO COMPORT WITH THE REQUIREMENTS OF SECTION 3(a)(9) OF THE SECURITIES ACT OF 1933, AS AMENDED.

 

EXCHANGE
AGREEMENT

 

This
Exchange Agreement (this “Agreement”) is entered into as of March 11, 2020 by and between Iliad Research and
Trading, L.P., a Utah limited partnership (“Lender”), and Future FinTech Group, Inc., a Florida corporation
(“Borrower”). Capitalized terms used in this Agreement without definition shall have the meanings given to them
in the Original Note (defined below).

 

A. Borrower
previously sold and issued to Lender that certain Secured Convertible Promissory Note dated March 26, 2019 in the original principal
amount of $1,070,000.00 (the “Original Note”) pursuant to that certain Securities Purchase Agreement dated March
26, 2019 by and between Lender and Borrower (the “Purchase Agreement”, and together with the Original Note and
all other documents entered into in conjunction therewith, the “Transaction Documents”).

 

B. Subject
to the terms of this Agreement, Borrower and Lender desire to partition a new Secured Convertible Promissory Note in the form of
the Original Note (the “Partitioned Note”) in the original principal amount of $150,000.00 (the “Exchange
Amount”) from the Original Note and then cause the outstanding balance of the Original Note to be reduced by an amount
equal to the Exchange Amount, which represents the total outstanding balance of the Partitioned Note.

 

C. Borrower
and Lender further desire to exchange (such exchange is referred to as the “Note Exchange”) the Partitioned
Note for the delivery of 200,000 shares of the Borrower’s Common Stock, par value $0.001 (the “Common Stock,”
and such 200,000 shares of Common Stock, the “Exchange Shares”), according to the terms and conditions of this
Agreement.

 

D. The
Note Exchange will consist of Lender surrendering the Partitioned Note in exchange for the Exchange Shares, which will be issued
free of any restrictive securities legend pursuant to Rule 144. Other than the surrender of the Partitioned Note, no consideration
of any kind whatsoever shall be given by Lender to Borrower in connection with this Agreement.

 

E. Lender
and Borrower now desire to exchange the Partitioned Note for the Exchange Shares on the terms and conditions set forth herein.

 

NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree
as follows:

 

1. Recitals
and Definitions. Each of the parties hereto acknowledges and agrees that the recitals set forth above in this Agreement are
true and accurate, are contractual in nature, and are hereby incorporated into and made a part of this Agreement.

 

2. Partition.
Effective as of the date hereof, Borrower and Lender agree that the Partitioned Note is hereby partitioned from the Original Note.
Following such partition of the Original Note, Borrower and Lender agree that the Original Note shall remain in full force and
effect, provided that the outstanding balance of the Original Note shall be reduced by an amount equal to the Exchange Amount.

 

     

     

    

 

3. Issuance
of Shares. Pursuant to the terms and conditions of this Agreement, the Exchange Shares shall be delivered to Lender on or before
March 16, 2020 and the Note Exchange shall occur with Lender surrendering the Partitioned Note to Borrower on the Free Trading
Date (as defined below). On the Free Trading Date, the Partitioned Note shall be cancelled and all obligations of Borrower under
the Partitioned Note shall be deemed fulfilled. All Exchange Shares delivered hereunder shall be delivered via DWAC to Lender’s
designated brokerage account. Subject to the securities laws and regulations, Borrower agrees to provide all necessary cooperation
or assistance that may be required to cause all Exchange Shares delivered hereunder to become Free Trading (the first date such
occurs, the “Free Trading Date”). For purposes hereof, the term “Free Trading” means that
(a) the Exchange Shares have been cleared and approved for public resale by the compliance departments of Lender’s brokerage
firm and the clearing firm servicing such brokerage, and (b) such shares are held in the name of the clearing firm servicing Lender’s
brokerage firm and have been deposited into such clearing firm’s account for the benefit of Lender.

 

4. Closing.
The closing of the transaction contemplated hereby (the “Closing”) along with the delivery of the Exchange Shares
to Lender shall occur on the date that is mutually agreed to by Borrower and Lender by means of the exchange by email of .pdf documents,
but shall be deemed to have occurred at the offices of Hansen Black Anderson Ashcraft PLLC in Lehi, Utah.

 

5. Holding
Period, Tacking and Legal Opinion. Lender and Borrower represents, warrants and agrees that for the purposes of Rule 144 (“Rule
144”) of the Securities Act of 1933, as amended (the “Securities Act”), the holding period of the
Partitioned Note and the Exchange Shares will include Lender’s holding period of the Original Note from March 26, 2019, which
date is the date that the Original Note was originally issued. Borrower agrees not to take a position contrary to this Section
5 in any document, statement, setting, or situation. Borrower agrees to take all action necessary to issue the Exchange Shares
without restriction, and not containing any restrictive legend without the need for any action by Lender; provided that the applicable
holding period has been met. In furtherance thereof, prior to the Closing, counsel to Lender may, in its sole discretion, provide
an opinion that: (a) the Exchange Shares may be resold pursuant to Rule 144 without volume or manner-of-sale restrictions; and
(b) the transactions contemplated hereby and all other documents associated with this transaction comport with the requirements
of Section 3(a)(9) of the Securities Act. Borrower represents that it is in full compliance with the tests and standards set forth
in Rule 144(i)(2) as of the date of this Agreement. The Exchange Shares are being issued in substitution of and exchange for and
not in satisfaction of the Partitioned Note. The Exchange Shares shall not constitute a novation or satisfaction and accord of
the Partitioned Note. Borrower acknowledges and understands that the representations and agreements of Borrower in this Section
5 are a material inducement to Lender’s decision to consummate the transactions contemplated herein.

 

    2

     

    

 

6. Representations,
Warranties and Agreements of Borrower. In order to induce Lender to enter into this Agreement, Borrower, for itself, and
for its affiliates, successors and assigns, hereby acknowledges, represents, warrants and agrees as follows: (a) Borrower has
full power and authority to enter into this Agreement and to incur and perform all obligations and covenants contained
herein, all of which have been duly authorized by all proper and necessary action, (b) no consent, approval, filing or
registration with or notice to any governmental authority is required as a condition to the validity of this Agreement or the
performance of any of the obligations of Borrower hereunder, (c) except as specifically set forth herein, nothing herein
shall in any manner release, lessen, modify or otherwise affect Borrower’s obligations under the Original Note, (d) the
issuance of the Exchange Shares is duly authorized by all necessary corporate action and the Exchange Shares are validly
issued, fully paid and non-assessable, free and clear of all taxes, liens, claims, pledges, mortgages, restrictions,
obligations, security interests and encumbrances of any kind, nature and description, (e) Borrower has not received any
consideration in any form whatsoever for entering into this Agreement, other than the surrender of the Partitioned Note, and
(f) Borrower has taken no action which would give rise to any claim by any person for a brokerage commission, placement agent
or finder’s fee or other similar payment by Borrower related to this Agreement.

 

7. Representations,
Warranties and Agreements of Lender. In order to induce Borrower to enter into this Agreement, Lender, for itself, and for
its affiliates, successors and assigns, hereby acknowledges, represents, warrants and agrees as follows: (a) Lender has full power
and authority to enter into this Agreement and to incur and perform all obligations and covenants contained herein, all of which
have been duly authorized by all proper and necessary action, and (b) no consent, approval, filing or registration with or notice
to any governmental authority is required as a condition to the validity of this Agreement or the performance of any of the obligations
of Lender hereunder.

 

8. Arbitration.
By its execution of this Agreement, each party agrees to be bound by the Arbitration Provisions (as defined in the Purchase Agreement)
set forth as an exhibit to the Purchase Agreement and the parties agree to submit all Claims (as defined in the Purchase Agreement)
arising under this Agreement or any Transaction Document or other agreement between the parties and their affiliates to binding
arbitration pursuant to the Arbitration Provisions.

 

9. Governing
Law; Venue. This Agreement shall be construed and enforced in accordance with, and all questions concerning the construction,
validity, interpretation and performance of this Agreement shall be governed by, the internal laws of the State of Utah, without
giving effect to any choice of law or conflict of law provision or rule (whether of the State of Utah or any other jurisdictions)
that would cause the application of the laws of any jurisdictions other than the State of Utah. The provisions set forth in the
Purchase Agreement to determine the proper venue for any disputes are incorporated herein by this reference. BORROWER
HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE TO, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE
HEREUNDER OR IN CONNECTION WITH OR ARISING OUT OF THIS AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY.

 

10. Counterparts.
This Agreement may be executed in any number of counterparts with the same effect as if all signing parties had signed the
same document. All counterparts shall be construed together and constitute the same instrument. The exchange of copies of
this Agreement and of signature pages by facsimile transmission or other electronic transmission (including email) shall
constitute effective execution and delivery of this Agreement as to the parties and may be used in lieu of the original
Agreement for all purposes. Signatures of the parties transmitted by facsimile transmission or other electronic transmission
(including email) shall be deemed to be their original signatures for all purposes.

 

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11. 
Attorneys’ Fees. In the event of any arbitration or action at law or in equity to enforce or interpret the terms of
this Agreement, the prevailing party shall therefore be entitled to an additional award of the full amount of the attorneys’
fees and expenses paid by such prevailing party in connection with the arbitration, litigation and/or dispute without reduction
or apportionment based upon the individual claims or defenses giving rise to the fees and expenses. Nothing herein shall restrict
or impair an arbitrator’s or a court’s power to award fees and expenses for frivolous or bad faith pleading.

 

12. No
Reliance. Each party acknowledges and agrees that neither the other party nor any of such other party’s officers, directors,
members, managers, equity holders, representatives or agents has made any representations or warranties to the party or any of
its agents, representatives, officers, directors, or employees except as expressly set forth in this Agreement and the Transaction
Documents and, in making its decision to enter into the transactions contemplated by this Agreement, the party is not relying on
any representation, warranty, covenant or promise of the other party or such other party’s officers, directors, members,
managers, equity holders, agents or representatives other than as set forth in this Agreement.

 

13. Severability.
If any part of this Agreement is construed to be in violation of any law, such part shall be modified to achieve the objective
of the parties to the fullest extent permitted and the balance of this Agreement shall remain in full force and effect.

 

14. Entire
Agreement. This Agreement, together with the Transaction Documents, and all other documents referred to herein, supersedes
all other prior oral or written agreements between Borrower, Lender, its affiliates and persons acting on its behalf with respect
to the matters discussed herein, and this Agreement and the instruments referenced herein contain the entire understanding of the
parties with respect to the matters covered herein and therein and, except as specifically set forth herein or therein, neither
Lender nor Borrower makes any representation, warranty, covenant or undertaking with respect to such matters.

 

15. Amendments.
This Agreement may be amended, modified, or supplemented only by written agreement of the parties. No provision of this Agreement
may be waived except in writing signed by the party against whom such waiver is sought to be enforced.

 

16. Successors
and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their respective successors and
assigns. This Agreement or any of the severable rights and obligations inuring to the benefit of or to be performed by Lender hereunder
may be assigned by Lender to a third party, including its financing sources, in whole or in part. Neither party shall assign this
Agreement or any of its obligations herein without the prior written consent of the other party.

 

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17. Continuing
Enforceability; Conflict Between Documents. Except as otherwise modified by this Agreement, the Original Note and each of the
other Transaction Documents shall remain in full force and effect, enforceable in accordance with all of its original terms and
provisions. This Agreement shall not be effective or binding unless and until it is fully executed and delivered by Lender and
Borrower. If there is any conflict between the terms of this Agreement, on the one hand, and the Original Note or any other Transaction
Document, on the other hand, the terms of this Agreement shall prevail.

 

18. Time
of Essence. Time is of the essence with respect to each and every provision of this Agreement.

 

19. Notices.
Unless otherwise specifically provided for herein, all notices, demands or requests required or permitted under this Agreement
to be given to Borrower or Lender shall be given as set forth in the “Notices” section of the Purchase Agreement.

 

20. Further
Assurances. Each party shall do and perform or cause to be done and performed, all such further acts and things, and shall
execute and deliver all such other agreements, certificates, instruments and documents, as the other party may reasonably request
in order to carry out the intent and accomplish the purposes of this Agreement and the consummation of the transactions contemplated
hereby.

 

[Remainder of page intentionally
left blank]

 

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IN WITNESS WHEREOF, the undersigned
have executed this Agreement as of the date first set forth above.

 

	 	BORROWER:
	 	 
	 	FUTURE FINTECH GROUP, INC.
	 	 	 
	 	By:	                         
	 	Name:  	 
	 	Title:	 

 

	 	LENDER:
	 	 
	 	ILIAD RESEARCH AND TRADING, L.P.
	 	 
	 	By:	Iliad Management, LLC, its General Partner
	 	 	 
	 	 	By:	Fife Trading, Inc., its Manager
	 	 	 	 	 
	 	 	 	By:	 
	 	 	 	 	John M. Fife, President

 

 

 

 

[Signature Page to Exchange Agreement]

 

 

6

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