Document:

Exhibit 4.74

 

American West Pacific International Investment
Corp.

555 California Street, Suite 4925

San Francisco, CA 94104

 

January 17, 2020

 

STRICTLY CONFIDENTIAL

 

Anthony K. Chan

Borqs Technologies, Inc.

Building B23-A

Universal Business Park

No. 10 Jiuxianqiao Road

Chaoyang District

Beijing 100015

China

 

		Re:	Supplemental Letter to that Engagement Letter Dated December
4, 2019

 

Dear Mr. Chan:

 

This letter will amend
that certain engagement letter dated December 4, 2019 (“Engagement Letter”) entered into by and between Borqs Technologies,
Inc. (the “Company” or “Borqs”) and American West Pacific International Investment Corp. (“AWP”).
Capitalized terms used herein and not defined will have the same meaning ascribed to them in the Engagement Letter, and reference
to dollars shall mean United States dollars.

 

Section 2 is deleted in its entirety and
replaced as follows:

 

		Section 2.	Fees. For its services, the Company hereby agrees
to pay AWP as follows:

 

		a.	Retainer. (i) $25,000 simultaneously upon the execution of the Agreement with $20,000 to be paid
immediately (which has been paid as of the date of this Supplemental letter) and $5,000 deferred to January 8th, 2020; (ii) upon
the delivery to and acceptance by the Company of Supporting Documents from an institutional party and/or bank, such as banking
/ letter of credit or an institutional security of funding letter and / or agreement etc., to secure funding for procurement of
the purchase order of the Company, a $25,000 fee will be simultaneously payable to AWP by the Company, and if such Supporting Document
is delivered and accepted , the fee will be payable immediately at the same day of the delivery; and (iii) through AWP’s
best effort, a Strategic Cooperation Agreement (“SCA”) will be entered in between China National Technical Import &
Export Corporation & Genertec America Inc. (a subsidiary of China National Technical Import and Export Corporation), hereinafter
referred to as “CNTIC”), BORQS Technologies, Inc., (hereinafter referred to as “BORQS”), a $25,000 fee
will be simultaneously payable, on the same day as the signing of SCA , and 1,250,000 (one million and two hundred fifty thousand
shares of common stock of the company and 1,250,000 (one million and two hundred fifty thousand shares of warrants of the company)
will be paid immediately at closing of the signing of SCA within 5 business days; the payable warrants issued are for purchase
of common stock of the company at $2.25 per share with an expiration of 36 months upon signing the agreement, available for cashless
exercise payable in common shares. The Company will be obligated to file a registration statement to register such common stock
and the common stock underlying such warrants within 90 days from the signing of the SCA.  Any fee paid pursuant to Sections
2.a.(ii) shall be credited against any fee earned under Sections 2b., 2c. or 2d. below; and For the purposes of clauses 2a ,2b,
2c and 2d of the Original Agreement, the Market Price of the Company’s common stock shall be $1.50 per share; and the Exercise
Price of the Company’s common stock underlying such warrants shall be $2.25 per share; and

 

     

     

    

 

Anthony K. Chan

Borqs Technologies, Inc.

December 22, 2019

 

		b.	Purchase Order Financing. The Purchase Order Success Fee is defined as the sum of (i) cash in the
amount equal to 4.0% of the total amount of the purchase order financing available to or provided to the Company through the contacts
of AWP and (ii) common stock of the Company in a number equal to 4.0 % of the total amount of the purchase order financing available
to or provided to the Company through the efforts of AWP divided by $1.50 and such shares are to be issued within 5 business days
from the completion of the financing. The Purchase Order Success Fee, in cash and stock, is payable at the first draw-down of the
facility and calculated on the amount of the first draw-down (but not re-use) and any incremental draw-down up to the maximum limit
of the facility;

 

		c.	Replacement or Additional Debt Financing. The Replacement Debt Success Fee is defined as the sum
of (i) cash in the amount equal to 4.0% of the total amount of the replacement or additional debt financing available to or provided
to the Company through the contacts of AWP and (ii) common stock of the Company in an number equal to 4.0% of the total amount
of the replacement or additional debt available to or provided to the Company through the efforts of AWP divided by $1.50 and such
shares are to be issued within 5 business days from the completion of the financing; and

 

		d.	Equity Investment. The Equity Investment Success Fee is defined as the sum of (i) cash in the amount
equal to 10.0% of the total gross proceeds of an equity financing raised by the Company through the contacts of AWP and (ii) common
stock of the Company in an number equal to 3.0% of the total gross proceeds of an equity financing raised by the Company through
the contacts of AWP divided by $1.50 and such shares are to be issued within 5 business days from the completion of the investment.

 

    2

     

    

 

Anthony K. Chan

Borqs Technologies, Inc.

December 22, 2019

 

		e.	Payment and Tail. The fee to be earned by AWP will be paid to AWP concurrent with the closing of
the transaction under Sections 2.b., 2.c, or 2.d. In addition, if the Company enters into a transaction and closes such transaction
within 12 months of the termination of this Agreement with a contact of AWP, AWP will be entitled to its fee under Section 2.b.,
2.c, or 2.d. provided that such introduction of AWP’s contact to the Company occurred during the term of this Agreement.

 

		f.	Registration Rights. AWP will have piggy back registration rights to register shares of common
stock of the Company issued to AWP under this Agreement pursuant to sections 2.b, 2.c and 2.d in the event that the Company files
a registration statement relating to the Company’s common stock. For the shares that the Company issues to AWP under this
Agreement section 2.a.(iii), including the common stock and the common stock underlying the warrants, the Company shall file a
registration statement within 90 days upon signing of this agreement for the resale of such shares. Upon filing of the registration
statement(s), the Company will make best efforts to file further amendments and/or updates based upon the SEC’s review and
comments, however the Company cannot guarantee as to the timing of the declaration of effectiveness of the registration statement(s).

 

		g.	Strategic Joint Venture or Partnership. In addition to the fee under Section 2.a.(iii), AWP and
the Company will enter into another engagement letter regarding AWP’s introduction and assistance to the Company related
to the Company entering into a strategic relationship or joint venture with a third party in furtherance of the Company’s
business.

 

If the foregoing terms meet with your approval,
please indicate your acceptance by signing and returning this Supplemental Letter to us.

 

	 	Very truly yours,
	 	 	 
	 	American West Pacific International 
	 	Investment Corp.
	 	 	 
	 	By:	 
	 	 	Sherry H. Jiang, President

 

	Accepted as of the date first above written:	 
	 	 	 
	Borqs Technologies, Inc.	 
	 	 	 
	By:	 	 
	 	Pat Sek Yuen Chan	 
	 	Chief Executive Officer and President	 

 

 

3Exhibit 4.75

 

 

 

 

 

 

 

 

 

 

 

 

Strategic
Cooperation Agreement

 

China
National Technical Import & Export Corp.

&

Genertec
America Inc.

 

And

 

BORQS
Technologies, Inc. 

 

Date:
January __, 2020

 

Place:
__________________

 

 

 

 

 

 

 

 

 

 

 

 

 

     

    	 

    

 

This
Strategic Cooperation Agreement (hereinafter referred to as “SCA”) is entered into effect between two parties as follows:

 

China
National Technical Import & Export Corporation & Genertec America Inc. (a subsidiary of China National Technical Import
and Export Corporation)

(hereinafter
referred to as “CNTIC”),

Address:
Genertec Plaza, No. 90, Xisanhuan Zhonglu, Fengtai District, Beijing, 100055, P.R. China

Phone
Number: +86-10-63349408

 

BORQS
Technologies, Inc.,

(hereinafter
referred to as “BORQS”),

Address:
Ritter House, Wickhams Cay II, Road Town, Tortola, British Virgin Islands

Phone
Number: +1-408-730-6832

 

CNTIC
and BORQS may hereinafter individually be referred to as a “Party” and collectively as the “Both Parties”.

 

Whereas:

 

		1.	Established
                                         in September 1952, CNTIC is a large-scale state-owned enterprise with main businesses
                                         in technology trade, project contracting and project management integrated service. In
                                         1998, the company became a wholly-owned subsidiary of China General Technology (Group)
                                         Holding Ltd. which is under direct supervision of the central government. The main business
                                         of CNTIC includes import and export of key technologies and complete plants; domestic
                                         and overseas project contracting and project management; trade, tendering, commercial
                                         and technical consulting, investment and financing at home and abroad etc. It has strong
                                         ability in the fields of marketing, business integration, project management, project
                                         engineering, investing and financing. In the past 60 years, CNTIC has accumulatively
                                         completed the import of key technologies and equipment, international project contracting
                                         and export of complete plants and technologies for over 7,000 projects with total contract
                                         value of more than USD110 billion covering the areas of energy, transportation, communication,
                                         petrochemical, metallurgy, building materials, machinery, electronics, pharmaceuticals,
                                         agricultures, forestry and education etc. CNTIC has made great contribution on gradually
                                         being footstone of China’s modern industrialization, promoting the upgrading of China’s
                                         industrial technology and industrial structure.

 

    2

     

    

 

		2.	Borqs
                                         Technologies is a global leader in software and products for IoT providing customizable,
                                         differentiated and scalable Android-based smart connected devices and cloud service solutions.
                                         Borqs has achieved leadership and customer recognition as an innovative end-to-end IoT
                                         solutions provider leveraging its strategic chipset partner relationships as well as
                                         its broad software and IP portfolio. BORQS designs, develops and provides turnkey solutions
                                         across device form factors such as smartphones, tablets, smartwatches, trackers, automotive
                                         in-vehicle infotainment and vertical application devices.

 

		3.	Based
                                         on the reciprocal understanding and recognition on each other’s business concepts
                                         and strategies, as well as the potentials in international market, Both Parties agree
                                         to establish strategic cooperation partnership and give full play of their own advantages
                                         for a win-win cooperation mechanism that Both Parties can share their resources for mutual
                                         benefits. To the extent permitted by the relevant laws and regulations of the industry,
                                         Both Parties, through friendly negotiation, have reached agreement upon strategical cooperation
                                         as follows:

 

I.
Principles of Cooperation

 

Both
Parties understand and support each other’s development on the principle of equality, mutual complementarity, and mutual
benefit. Both Parties agree to establish strategic cooperation partnership on the basis of equality and voluntariness.

 

    3

     

    

 

II.
Cooperation Methods

 

		1.	CNTIC
                                         will enter into a strategic partnership with BORQS for its specific needs in China and/or
                                         globally, which includes, but is not limited to, the building of a relationship with
                                         federal and local governments; customer clearance; free trade zones with finance; etc.
                                         and similar to those activities taken for Apple Inc.; the specific terms will be entered
                                         by the time followed to BORQS’ specific needs. Either Party can express willingness
                                         to communicate and exchange information on Both Parties’ cooperation detail according
                                         to the cooperation between Both Parties.

 

		2.	According
                                         to the specific project, Both Parties will manage cooperation and contracts on a case
                                         by case basis.

 

III.
Scope of Cooperation

 

Both
Parties will make strategic partnership and enforce cooperation including but not limited to the following fields:

 

		1.	CNTIC
                                         will arrange finance from Chinese Financial Institutions for BORQS current purchase orders
                                         as CNTIC currently has a line of credit with Chinese Financial Institutions. The detail
                                         of the terms for finance will follow with each purchase order of BORQS.

 

		2.	In
                                         general, CNTIC will arrange finance for BORQS for all of its purchase orders if they
                                         are in line with regulation of Chinese Financial Institutions. CNTIC believes that because
                                         of its Institutional Background in China, its issuance policies and banking rates will
                                         be more favorable than others and in which BORQS will benefit from the partnership.

 

		3.	More
                                         specific terms for finance will be enter into for each specific purchase order; and

 

		4.	The
                                         completion of the Transaction will be followed by other detail documents including the
                                         purchase order documents for each specific transaction as it is necessary to carry out
                                         the foregoing in completion of each Transaction.

 

    4

     

    

 

IV.
Binding Force

 

Except
for obligations under the non-disclosure clauses, governing law and dispute resolution clauses, Both Parties take no binding obligations
to each other under this SCA, including but not limited to the followings: any expenses, or any obligations or responsibilities
related to project development.

 

V.
Non-disclosure Clauses

 

		1.	All
                                         information relating to this Transaction is exclusively for the knowledge of the Parties
                                         and their representatives who need to know the information, and shall be kept confidential.
                                         The Parties shall take all reasonable steps to minimize the risk of disclosure of this
                                         confidential information. Either Party should be committed to the non-disclosure obligation
                                         of confidential information. Any information known to the other party for signing and
                                         fulfilling this SCA shall be regarded as confidential information.

 

		2.	In
                                         the term of this SCA and within one year from the date of expiration or termination of
                                         this SCA, the related company, projects, products and clients information and materials
                                         that one Party gained from the other Party shall be kept confidential. Without the prior
                                         written permission of the other Party, any Party shall not disclose them to the third
                                         parties or use it for other purposes. Except as any Party provides to the relevant auditing
                                         agency in accordance with laws and regulations governing jurisdiction, listing rules,
                                         securities trading institutions, regulatory or government agency requirements, and auditing
                                         needs.

 

VI.
Governing Law and Dispute Resolution

 

This
SCA is governed by and interpreted under the laws of the People’s Republic of China.

 

All
disputes arising from the execution of or in connection with this SCA shall be firstly settled through amicable discussion between
Parties.

 

    5

     

    

 

VII.
Modification and Termination

 

		1.	This
                                         SCA can be modified or terminated by any of the following causes:

 

		(1)	Both
                                         Parties agreed in writing;

 

		(2)	The
                                         laws and regulations on which this SCA is based on have changed;

 

		(3)	Force
                                         majeure and the duration of force majeure lasted for more than 90 days, of which the
                                         SCA cannot be fulfilled or fully fulfilled any longer.

 

		2.	Any
                                         modification, amendment, supplement or termination of the SCA should be agreed by Both
                                         Parties in writing.

 

		3.	Any
                                         modification or termination of the SCA shall not affect the validity of the specific
                                         project cooperation agreements and/or contracts signed by Both Parties under this SCA.

 

VIII.
Other Issues

 

		1.	This
                                         SCA shall come into force on signature and seal by Both Parties.

 

		2.	This
                                         SCA shall remain valid and in force for a period of one (1) years from the effective
                                         date and can be extended with mutual consent of Both Parties in written after the expiration
                                         date.

 

		3.	This
                                         SCA is written in English. This SCA is in quadruplicate and each Party holds two copies
                                         with equivalent legal effect.

 

    6

     

    

 

	Signing
Page 

	 
	China
        National Technical Import & Export Corporation

        
	 	Borqs
Technologies, Inc.

	 	 	 
	Represented
by:
	 	Represented
by:

	 	 	 
	 	 	 
	(Signature
        and Sealed)	 	(Signature
        and Sealed)
	 	 	 
	Genertec America Inc.

	 	 
	 	 	 
	Represented by:

	 	 
	 	 	 
	 	 	 
	(Signature and Sealed)	 	 

 

 

7

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