Document:

Exhibit 10.1

 

 

 

 

 

 

 

 

 

 

 

 

 

DATE:
20 November 2019

 

 

 

 

 

 

 

 

 

 

 

 

  

(1)
EC ADVERTISING LIMITED 

 

and

 

(2)
AU CHI TONG 

 

 

 

 

 

 

 

 

 

CONSULTANCY
AGREEMENT

 

 

 

 

 

 

 

 

     

     

    

 

THIS
AGREEMENT dated 20 November 2019

 

BETWEEN:

 

	(1)	EC
    ADVERTISING LIMITED, a company incorporated under the laws of Hong Kong (“Company”), whose address is Room
    1A, 14/F., Chun Wo Commercial Centre, 23-29 Wing Wo Street, Central, Hong Kong; and

 

	(2)	AU
    CHI TONG, whose Hong Kong Identity Card number is D208783(A) and address is Flat E, 40/F, Block 3, Island Resort, Siu
    Sai Wan, Hong Kong (“Consultant”).

 

WHEREAS

 

	(A)
    	The
    Consultant wishes to provide consultancy services to Sharing Economy International Inc., a company organized and existing
    under the laws of the state of Nevada in the United States of America (“SEII”), and its subsidiaries (together,
    “Group”) for a period of one year in such terms and conditions hereinafter appearing.

 

	(B)	The
    Company, as a wholly owned subsidiary of SEII, wishes to appoint the Consultant for Services (as defined in Clause 1.1 below)
    in such terms and conditions hereinafter appearing.

  

IT
IS HEREBY AGREED that:

 

	1.	Services

 

	1.1	The
    Company hereby appoints the Consultant to provide the following services (“Services”):

  

	 	(i)	to
    formulate the Group’s advertising and promotion strategy and plan;

 

	 	(ii)	to
    identify targets for the Group’s merger and acquisition initiatives or projects and to ensure success in such initiatives
    and projects and other commercial transactions of the Group;

 

	 	(iii)	to
    build a profitable advertising business within the Group;

  

	 	(iv)	to
    handle or assist in ad hoc projects as reasonably requested by the Group;

 

	 	(v)	to
    achieve a sales revenue of HK$120,000,000 by the end of 2020; and

 

	 	(vi)	to
    achieve a sales revenue of HK$120,000,000 within year 2021

 

	1.2	The
    Consultant shall report to the Vice President, Strategic Business Development of SEII (or such other person as shall be agreed
    between both parties).

 

	1.3	The
    Consultant’s working title will be the chief executive office of the Company.

 

	1.4	The
    Consultant shall perform the Services in Hong Kong. If the Company requires the Consultant to perform the Services outside
    Hong Kong, the Company shall obtain the Consultant’s prior written consent and shall reimburse all the expenses incurred
    by the Consultant for and in relation to provision of the Services outside Hong Kong.

 

    - 1 -

     

    

 

	2.	Fee

 

	2.1	Subject
    to Clause 4.3, the fee for the Services to be provided for the Tenure defined in Clause 4.1 shall be paid by the Company causing
    SEII to issue to the Consultant a total of 400,000 ordinary shares of SEII at a par value of US$0.001 each (“Shares”)
    as more fully described below:

 

-
within 30 days from the date of this Agreement (or such longer period as shall be required to fulfil the requirements under the
relevant laws, regulations and rules in the United States of America for the issue of the Shares), provided that this Agreement
is not terminated prior to any of the issuances of Shares above.

 

	2.2	The
    Consultant acknowledges that none of the Shares may be offered or sold except pursuant to an effective registration statement
    under the Securities Act of 1933 of the United States of America (“Securities Act”), or pursuant to an exemption
    from, or in a transaction not subject to, the registration requirements of the Securities Act.

 

	2.3	The
    Consultant has such knowledge and experience in financial and business matters as to be capable of evaluating the merits and
    risks in the Shares, and has the ability to bear the economic risks of its investment decision and can afford the complete
    loss of such investment in the Shares.

 

	2.4	The
    Company shall pay all the costs incurred in connection with removal of the restrictive and other legends on the certificates
    (or restrictions on transfer) of all the Shares issued to the Consultant, applying for and obtaining an effective registration
    statement for all such Shares, delivery and transmission of the certificates without restrictive and other legends (or of
    the registered Shares) to the Consultant’s broker, and all such other actions and things required to enable all such
    Shares to be tradeable in the Over-the-Counter Markets or such other stock exchange in the United States of America.

  

	3.	Expenses

 

The
Company shall reimburse the Consultant forthwith for all proper and reasonable expenses actually incurred, with the prior approval
of the Vice President, Strategic Business Development of SEII, by the Consultant in the performance of his duties upon presentation
of supporting statements, receipts or vouchers. The Company shall make the reimbursement not later than the 7th day
of the month immediately after the supporting statements, receipts or vouchers are presented to the Company.

  

	4.	Tenure

 

	4.1	This
    Agreement commences on 20 November 2019 (“Commencement Date”) and shall expire on 19 November 2021 (or such later
    date as shall be agreed between both parties in writing) (“Expiry Date”). In this Agreement, “Tenure”
    means the period from the Commencement Date to the Expiry Date (inclusive of both dates).

 

	4.2	Any
    party may terminate this Agreement before the Expiry Date by giving not less than one month notice in writing to the other
    party, without prejudice to any right of the parties accrued before such notice of termination.

 

    - 2 -

     

    

 

	4.3	If
    this Agreement is terminated before the end of the Tenure, the Consultant shall be entitled to such number of Shares pro-rated
    for the duration during which he provides Services, and the remaining Shares issued to the Consultant shall be forfeited to
    the Company, or the Consultant shall pay the Company a sum equal to the value of the remaining Shares at the Issue Price,
    as of the effective date of such termination of the Agreement.

 

	4.4	Clauses
    6, 7, 8, 9, 13 and 15 shall continue in force after the Expiry Date or termination of this Agreement, as the case may be.

 

	5.	Independent
    Contractor

 

The
Company and the Consultant declare and agree that the Consultant shall act as an independent contractor in the performance of
its duties under this Agreement. Nothing in this Agreement creates a joint venture, partnership, or the relationship of principal
and agent, or employee and employer between the Company and the Consultant.

  

	6.	Non-Competition

 

	6.1	The
    Consultant covenants and agrees not to consult or provide any services in any manner or capacity to a direct competitor of
    SEII or any of its subsidiaries during the duration of this Agreement unless express written authorization to do so is given
    by the Vice President, Strategic Business Development of SEII. A direct competitor of SEII or any of its subsidiaries for purposes
    of this Agreement is defined as any individual, partnership, corporation, and/or other business entity that engages in any
    of the businesses of SEII or any of its subsidiaries.

 

	6.2	The
    Consultant shall not attempt in any way to solicit instructions, either in his own right or on behalf of others, from any
    client, investor or partner of SEII or any of its subsidiaries in respect of projects or jobs being handled by SEII or any of
    its subsidiaries, or in respect of which SEII or any of its subsidiaries is pursuing instructions, during the duration of this
    Agreement.

 

	6.3	The
    restrictions under Clauses 6.1 and 6.2 shall continue to apply for a period of one year after the termination of this Agreement.

  

	7.	Intellectual
    property

 

	7.1	The
    Consultant shall give the Company full written details of all Inventions and of all works embodying Intellectual Property
    Rights made wholly or partially by him at any time during the Tenure. The Consultant acknowledges that all Intellectual Property
    Rights subsisting (or which may in the future subsist) in all such Inventions and works shall automatically, on creation,
    vest in the Group absolutely. To the extent that they do not vest automatically, the Consultant holds them on trust for the
    Group. The Consultant agrees promptly to execute all documents and do all acts as may, in the opinion of the Company, be necessary
    to give effect to this Clause 7.1.

 

	7.2	The
    Consultant hereby irrevocably waives all moral rights (and all similar rights in any jurisdiction) which he has or will have
    in any existing or future works referred to in Clause 7.1.

 

    - 3 -

     

    

 

	7.3	The
    Consultant irrevocably appoints the Company to be his attorney in his name and on his behalf to execute documents, use the
    Consultant’s name and do all things which are necessary or desirable for the Group to obtain for itself or its nominee
    the full benefit of this Clause 7. A certificate in writing, signed by any director or the secretary of the Company, that
    any instrument or act falls within the authority conferred by this Agreement shall be conclusive evidence that such is the
    case so far as any third party is concerned.

 

	7.4	The
    following definitions apply to Clauses 7 and 8:

 

Confidential
Information: information (whether or not recorded in documentary form, or stored on any magnetic or optical disk or memory)
relating to the business, products, affairs and finances of the Group for the time being confidential to the Group and trade secrets
including, without limitation, technical data and know-how relating to the business of the Group or any of its business contacts.

 

Intellectual
Property Rights: patents, rights to Inventions, copyright and related rights, trade marks, trade names and domain names, rights
in get-up, rights in goodwill or to sue for passing off, unfair competition rights, rights in designs, rights in computer software,
database rights, topography rights, rights in Confidential Information (including know-how and trade secrets) and any other intellectual
property rights, in each case whether registered or unregistered and including all applications (or rights to apply) for, and
renewals or extensions of, such rights and all similar or equivalent rights or forms of protection which subsist or will subsist
now or in the future in any part of the world.

 

Invention:
any invention, idea, discovery, development, improvement or innovation, whether or not patentable or capable of registration,
and whether or not recorded in any medium.

 

	8.	Confidentiality

 

	8.1	The
    Consultant agrees that, unless he has the prior written consent of the Company, he will:

  

	 	(i)	keep
    confidential at all times the Confidential Information of the Group; and

  

	 	(ii)	ensure
    that any personnel or professional advisor to whom the Consultant discloses the Group’s Confidential Information is
    aware of, and comply with, the provisions of this Clause 8.1.

 

	8.2	The
    obligations of confidentiality in Clause 8.1 do not apply to any disclosure:

  

	 	(i)	for
    the purpose of performing the Agreement;

 

	 	(ii)	required
    by law (including under the rules of any stock exchange); or

 

	 	(iii)	of
    Confidential Information which:

 

	 	(a)	is
    publicly available through no fault of the Consultant or his personnel; or

 

	 	(b)	was
    rightfully received from a third party without restriction or without breach of the Agreement.

 

	8.3	Except
    to the extent that the Consultant has ongoing rights to use Confidential Information, the Consultant must, at the request
    of the other party following the expiry or termination of the Agreement, promptly return to the Company or destroy all Confidential
    Information of the Group in the Consultant’s possession or control.

  

    - 4 -

     

    

 

	9.	Construction

 

In
this Agreement, unless the context otherwise requires:

 

		(i)	words
                                         and defined terms expressed in the singular number shall include the plural and vice
                                         versa, and words expressed in the masculine shall include the feminine and neuter gender
                                         and vice versa;

 

		(ii)	the
                                         term “including” shall be interpreted to mean “including (without limitation)”
                                         whenever such term appears in this Agreement (and the terms “include” and
                                         “includes” shall be similarly interpreted);

 

	 	(iii)	the
    words “hereof”, “herein”, “hereto” and “hereunder” and words of similar import,
    when used in this Agreement, shall refer to this Agreement as a whole and not to any particular provision of this Agreement;
    and

 

	 	(iv)	the
    recital and the schedule, if relevant, are part of this Agreement and shall have effect accordingly.

 

	10.	Entire
    agreement

 

This
Agreement constitutes the entire agreement and understanding between the parties to this Agreement and supersedes all previous
agreements and understandings (if any and whether in writing or not) between the parties in relation to the matters contemplated
by this Agreement.

 

	11.	Waiver

 

	11.1	The
    rights of a party may be waived by such party only in writing and, specifically, the conduct of any one of the parties shall
    not be deemed a waiver of any of its rights pursuant to this Agreement and/or a waiver or consent on its part as to any breach
    or failure to meet any of the terms of this Agreement or an amendment hereto. A waiver by a party in respect of a breach by
    the other party of its obligations shall not be construed as a justification or excuse for a further breach of its obligations.

 

	11.2	No
    delay or omission to exercise any right, power, or remedy accruing to any party upon any breach or default by the other under
    this Agreement shall impair any such right or remedy nor shall it be construed to be a waiver of any such breach or default,
    or any acquiescence therein or in any similar breach or default thereafter occurring.

 

	12.	Severance

 

If
any provision or part-provision of this Agreement is or becomes invalid, illegal or unenforceable, it shall be deemed modified
to the minimum extent necessary to make it valid, legal and enforceable. If such modification is not possible, the relevant provision
or part-provision shall be deemed deleted. Any modification to or deletion of a provision or part-provision under this clause
shall not affect the validity and enforceability of the rest of this Agreement.

 

	13.	Notices

  

	13.1	Any
    notice or certificate required to be given by the Company to the Consultant or by the Consultant to the Company shall be in
    writing giving it shall be sufficiently given or served if delivered to the address and attention of the other party set out
    in Clause 13.3 or as otherwise notified from time to time hereunder with specific reference to this Agreement. All notices
    under this Agreement shall be in the English language.

 

    - 5 -

     

    

 

	13.2	Any
    notice delivered personally shall be deemed to have been given at the time of such delivery. Any notice despatched by letter
    postage prepaid shall be deemed to have been given two (2) Business Days after posting. Any notice sent by e-mail shall be
    deemed to have been given upon the receipt of the sent confirmation by the e-mail account of the sender.

 

	13.3	The
    initial addresses and e-mail addresses of the Company and the Consultant for the purpose of Clause 13.1 are as follows:-

 

	 	To
    the Company:	M03,
    Room 302, 3/F, Eton Tower
	 	 	No.8 Hyson Avenue, Causeway Bay, Hong Kong

                                                                                Email: parkson.yip@seii.com

	 	 	Attention:
    Mr Parkson Yip
	 	 	 
	 	To
    the Consultant:	Flat E, 40/F, Block 3, Island Resort

                                                                                Siu Sai Wan

	 	 	Hong
    Kong
	 	 	Email: oubryan@126.com

                                                                                Attention: Au Chi Tong

 

	13.4	Either
    party may change its address (or other details) to which notices can be sent to it by giving written notice of such change
    of address (or details) to the other party with specific reference to this Agreement and in the manner herein provided for
    giving notice.

 

	14.	Assignment

 

Neither
party shall have the right to assign or transfer any of its rights hereunder.

 

	15.	Laws
    and Arbitration

 

	15.1	This
    Agreement shall be interpreted and governed by the laws of the Hong Kong Special Administrative Region.

 

	15.2	Any
    dispute, controversy, difference or claim arising out of or relating to this Agreement, including the existence, validity,
    interpretation, performance, breach or termination thereof or any dispute regarding non-contractual obligations arising out
    of or relating to it shall be referred to and finally resolved by arbitration administered by the Hong Kong International
    Arbitration Centre under the Hong Kong International Arbitration Centre Administered Arbitration rules in force when the Notice
    of Arbitration is submitted. The seat of arbitration shall be in Hong Kong. The number of arbitrators shall be three: one
    arbitrator shall be chosen by each party to the dispute and those two arbitrators shall choose the third arbitrator. The arbitration
    proceedings shall be conducted in English.

 

    - 6 -

     

    

 

IN
WITNESS WHEREOF the Company and the Consultant agree to the terms hereof.

  

	For
    and on behalf of	)	 	 
	the
    Company	)	 	 
	and
    signed by Carmen Lam,	)	 	 
	Director	)
    	/s/ Carmen Lam	 

 

	Signed
    by	)	 	 
	the
    Consultant, Au Chi Tong	)	/s/ Au Chi Tong	 

 

 

 

 -
7 -Exhibit 10.2

 

 

 

 

 

 

 

 

 

Date: 14 December 2019

 

ECOIN GLOBAL LIMITED

(as Seller)

 

and

 

EC POWER (GLOBAL) TECHNOLOGY LIMITED

(as Buyer)

 

 

 

TRANSFER AGREEMENT

relating to

a Transfer of
Redemption Codes

 

 

 

 

 

 

 

 

 

 

     

     

    

 

TABLE OF CONTENTS

 

	 	 	PAGE
	1.	DEFINITIONS AND INTERPRETATION	1
	2.	SALE AND PURCHASE OF REDEMPTION CODES	3
	3.	TRANSFER
    CONSIDERATION OF THE REDEMPTION CODES	3
	4.	PAYMENT OF TRANSFER CONSIDERATION	3
	5.	REPRESENTATIONS AND WARRANTIES	3
	6.	FEES	5
	7.	NOTICE AND OTHER COMMUNICATIONS	5
	8.	MISCELLANEOUS	6
	9.	GOVERNING LAW AND JURISDICTION	7

 

     

     

    

 

THIS AGREEMENT is entered into on 14 December
2019 between:

 

	1.	ECoin Global Limited, a company incorporated in
Hong Kong, with its registered address at Cornwall Centre, No 85 Castle Peak Road, Coffee Bay, Tuen Mun, N.T., Hong Kong (hereinafter,
the “Seller”); and

 

	2.	EC Power (Global) Technology Limited, a company
incorporated in the British Virgin Islands, with its registered address at Corporate Registrations Limited, Sea Meadow House,
Blackburne Highway, P.O. Box 116, Road Town, Tortola, British Virgin Islands (hereinafter, “Buyer”).

 

Recitals:

 

	(A)	The Seller produces and markets Ecoin Redemption Codes
(“Codes”), which can be produced and marketed by Buyer in Buyer’s name, both online and offline.

 

	(B)	Each Code contains a value which enables subscribers
to upload certain number of items onto the Buyer’s website, www.ecrent.com for rental.

 

	(C)	The Seller agrees to sell, and the Buyer agrees to buy,
the Codes in accordance with the terms and conditions set forth in this Agreement.

 

Therefore, the parties hereto have entered into the
agreement as follows:

 

	1.	DEFINITIONS AND INTERPRETATION

 

	1.1	Unless otherwise specified herein, the following words
and terms shall have the following meaning when used in this Agreement, the Recitals and the Schedule hereto:

 

	 	“affiliates”	has the meaning ascribed to it in the Company Law;
	 	 	 
	 	“Agreement”	is a reference to this Agreement and any amendments or supplements hereto (if applicable);
	 	 	 
	 	“Business Day”	means a day (other than a Saturday or Sunday) on which banks in Hong Kong are open for ordinary banking business;
	 	 	 
	 	“China”	the People’ s Republic of China, excluding, for the purpose of this Agreement, Hong Kong, Macau Special Administration Region and Taiwan;
	 	 	 
	 	“Closing”	the completion of the sale and purchase of the Redemption;
	 	 	 
	 	“Closing Date”	the date of this Agreement or any other date agreed to in writing between Buyer and Seller;

    1

     

    

 

	 	“Company”	Sharing
                                         Economy International, Inc., a Nevada corporation, (OTC : SEII), No.9 Yanyu Middle Road,
                                         Qianzhou Town, Huishan District, Wuxi City, Jiangsu Province, China;

	 	 	 
	 	“Company
    Law”	the
                                         Companies Ordinance (Cap 622) of Hong Kong;

	 	 	 
	 	“Encumbrances”

	

asset
transfer, claim, third party rights or interest under any mortgage, pledge, liability, lien, guarantee or other encumbrances, guarantee
interest or other guarantee agreement, arrangement or any other form of rights or interest, regardless whether or not relating
to current or future assets, liabilities of any individual or entity under such guarantee;

	 	 	 
	 	“Hong
    Kong”	the
                                         Hong Kong Special Administration Region of the People’s Republic of China;

	 	 	 
	 	“Redemption
                                         Codes”

and
“Codes”

	EC
                                         Coin’s Redemption Codes, with aggregate value of US$ l ,500,000;

	 	 	 
	 	“Transfer
    Consideration”	a
                                         total consideration of US$750,000 payable for the purchase of Redemption Codes and all
                                         associated rights and interests in accordance with Clause 3.1;

	 	 	 
	 	“US
    Dollar” and “US$”	the
                                         lawful currency of the United States of America; and

	 	 	 
	 	“Working
    Hours”	means
                                         9:30 a.m. to 5:30 p.m. on a Business Day.

  

	1.2	The
                                         provisions of law referenced herein shall be interpreted as such as amended, re-formulated
                                         from time to time or as such the applicability of which has been modified by other provisions
                                         of law, including re-formulated provisions (regardless of any modification).

 

	1.3	The
                                         clauses and schedule referenced herein shall mean the clauses and schedule of this Agreement;
                                         the sub-clauses referenced herein shall mean such under the relevant clauses when referenced
                                         (unless otherwise specified in context). The schedule hereto shall be considered to be
                                         the component part of this Agreement.

 

	1.4	Headings
                                         are provided for reference only and shall in no way affect the interpretation of this
                                         Agreement.

 

	1.5	In
                                         this Agreement, all the names and terms used in the singular case include the plural
                                         and vice versa; all the names and terms with gender reference include all genders, and
                                         all persons referenced include incorporated persons and non-incorporated persons.

 

    2

     

    

 

	2.	SALE AND PURCHASE OF REDEMPTION CODES

 

	2.1	Subject to the terms and conditions herein, on the Closing
Date, the Seller shall sell and transfer to the Buyer, and the Buyer, in reliance on the representations and warranties made and
provided by the Seller herein, agrees to buy and accept, the Codes.

 

	2.2	The Seller warrants that, at the time of transferring the Codes, no Encumbrances nor any
                                                   current rights as of the date of execution of this Agreement or any subordinate or incidental rights thereafter exist on or
                                                   in relation to the Codes.

 

	2.3	The Buyer may, at the time of transferring the Codes, designate
its subsidiary or affiliate to receive the Codes and pay the Transfer Consideration.

 

	2.4	The portion of revenue sharing permitted by the Buyer to
marketing channel partners shall not exceed 40% of the face value of the Codes, with a minimum of 60% of sales income to accrue
to Buyer.

 

	3.	TRANSFER CONSIDERATION OF THE REDEMPTION CODES

 

	3.1	The parties hereto acknowledge and agree that
                                         the Codes to be transferred have a value of US$1,500,000 and Seller has agreed to transfer
                                         the same at a discounted price to Buyer at 50% of the face value of the Codes,
                                         namely, for a total consideration of US$750,000 (the “Transfer Consideration”).
                                         The Transfer Consideration shall be paid by the Buyer as provided in Clause 4 below.

 

	3.2	The Seller warrants that the Codes have a validity
                                         period of five (5) years, and will not expire until 31 December 2024 (the “Expiry
                                         Date”).

 

	3.3	The Seller undertakes to deliver the Codes not later than
three (3) business day following notice from the Buyer requesting delivery.

 

	4.	PAYMENT OF TRANSFER CONSIDERATION

 

	4.1	The Transfer Consideration shall be paid by the Buyer to
the Seller in common shares of the Company within 5 working days of contract signed, which is US$0.272 per share.

 

	4.2	The number of Shares to be issued to Seller is 2,757,353.

 

	4.3	For
the purposes of this Clause 4:

 

		4.3.1	“Shares” means ordinary shares
of par value US$0.001 each of the Company as at the Expiry Date or shares of any class or classes resulting from any subdivision,
consolidation or re-classification of those shares, which as between themselves have no preference in respect of dividends or
of amounts payable in the event of any voluntary or involuntary liquidation or dissolution of the Company.

 

		4.3.2	“Trading Day” generally means a
day during which (i) trading in the Company’s common stock generally occurs on the principal U.S. national or regional securities
exchange or market on which the Company’s common stock is listed or admitted for trading and (ii) there is no market disruption
event.

 

	4.4	If for any reason the Buyer is unable to procure the issue
or delivery of Shares as expressly
provided for under this Clause 4, the Buyer shall promptly notify the Seller and instead pay the Relevant Balance to the Seller
in clear funds in accordance with Clause 4.3.

 

	5.	REPRESENTATIONS AND WARRANTIES

 

	5.1	The Buyer hereby unconditionally and irrevocably represents
and warrants to the Seller that:

 

		5.1.1	the Buyer’s execution of this Agreement and its exercise and
                                                                                                     performance of its rights and obligations hereunder in accordance with the provisions herein will not violate:

 

    3

     

    

 

		(i)	any law or statues to which it must adhere; or

 

		(ii)	any instrument or organization charter or documents
on which its incorporation was based or which regulate its business or affairs; or

 

		(iii)	any document or agreement to which the Buyer is a
party or any agreement by which the Buyer or its assets are bound;

 

		5.1.2	the Buyer is a legal and existing limited liability company incorporated
in accordance with the law of the place of its registration and has the full capacity and authority to execute this Agreement,
and to exercise its right and to perform its obligations in accordance with this Agreement; this Agreement constitutes a valid
document binding to, and enforceable against, Buyer; and

 

		5.1.3	the Buyer’s execution of this Agreement, and performance and completion
of the transaction contemplated herein does not require consent or approval from any person.

 

	5.2	The Seller hereby unconditionally and irrevocably represents
and warrants to the Buyer that:

 

		5.2.1	its representations and warranties made herein shall
remain true, accurate and complete from the date of this Agreement to the Closing Date;

 

		5.2.2	the Seller’s execution of this Agreement and
its exercise and performance of its rights and obligations hereunder in accordance with the provisions herein will not violate:

 

		(i)	any law or statues to which it must adhere; or

 

		(ii)	any instrument or organization charter or documents on which its incorporation
was based or which regulate its business or affairs; or

 

		(iii)	any document or agreement to which Buyer is a party or any agreement to which Buyer or its assets are bound;

 

		5.2.3	the Seller is a legal and existing limited liability company
                                                                                                     incorporated in accordance with the law of the place of its registration and has the full capacity and authority to execute
                                                                                                     this Agreement, and to exercise its right and to perform its obligations in accordance with this Agreement;
                                                                                                     this Agreement constitutes a valid document binding to, and enforceable against, Seller; and

 

		5.2.4	the Seller’s execution of this Agreement, and performance and completion
of the transaction contemplated herein does not require consent or approval from any person.

 

    4

     

    

 

	5.3	The Seller unconditionally and irrevocably represents and
warrants to Buyer, as of the date of this Agreement until the Closing Date, as follows:

 

		5.3.1	the Seller legally owns all the Codes;

 

		5.3.2	the Codes have no Encumbrances attached and can be
used immediately;

 

		5.3.3	the value stored in the Codes is US$1,500,000;

 

		5.3.4	in the event of the occurrence of any circumstances brought to the Seller’s attention
                                                                                    that will cause the representations and warranties made by the Seller herein to be untrue, Seller will immediately notify
                                                                                    Buyer;

 

		5.3.5	the Seller is in compliance with all applicable laws and regulations in all material respects
                                                                                    and to the best of its knowledge and belief, there is no failure to comply which would materially impair its ability to
                                                                                    sell the Codes for the purposes for which they are intended for use on the Buyer’s site and to perform its obligations under this Agreement; and

 

		5.3.6	the intellectual property owned or licensed by the
Seller comprises all of the intellectual property required in order for the Seller to carry on its business as it is now being
conducted, and in the sale to and use of the Codes by the Buyer as contemplated by this Agreement will not infringe any intellectual
property rights of any third party.

 

	6.	FEES

 

The
parties hereto shall each be responsible for their own legal fees and other expenses, charges and payments in connection with
negotiation, formulation and completion of this Agreement.

 

	7.	NOTICE AND OTHER COMMUNICATIONS

 

	7.1	Any notice or other communication given under this Agreement
or in connection with the matters contemplated herein shall, except where otherwise specifically provided, be in writing in the
English language, addressed as provided in Clause 7.2 and served:

 

		(a)	by leaving it at the relevant address in which case
it shall be deemed to have been given upon delivery to that address;

 

		(b)	if within Hong Kong, by first class pre-paid post,
in which case it shall be deemed to have been given two Business Days after the date of posting;

 

		(c)	if from or to any place outside Hong Kong, by air
courier, in which case it shall be deemed to have been given two Business Days after its delivery to a representative of the courier;

 

		(d)	if from or to any place outside Hong Kong, by pre-paid
airmail, in which case it shall be deemed to have been given five Business Days after the date of posting; or

 

 

		(e)	by e-mail, in which case it shall be deemed to have
been given when despatched subject to confirmation of delivery by a delivery receipt,

 

provided that in the case of sub-clause (e)
above any notice despatched outside Working Hours shall be deemed given at the start of the next period of Working Hours.

 

    5

     

    

 

	7.2	Notices under this Agreement shall be sent for the attention
of the person and to the address or e-mail address, subject to Clause 7.3, as set out below:

 

	 	To Seller:	 
	 	 	 
	 	Address:	Cornwall Centre, No 85 Castle Peak Road, Coffee
    Bay, Tuen Mun, N.T., Hong Kong
	 	Email:	sales@ecoin-global.com
	 	Recipient:	Board of Directors
	 	 	 
	 	To Buyer:	 
	 	 	 
	 	Address:	604, 6th Floor, Tesbury Centre, 28
    Queen’s Road East, Hong Kong
	 	Email:	ecpower@cleantechsolutionsinternational.com
	 	Recipient:	Board of Directors

 

	7.3	Any party to this Agreement may notify the other party of any change
                                                   to its address or other details specified in Clause 7.2 provided that such notification shall only be effective on
                                                   the date specified in such notice or five Business Days after the notice is given, whichever is later.

 

	8.	MISCELLANEOUS

 

	8.1	Further assurance: The parties hereto agree to take such further
action or matter (or cause to have such action taken) and to execute and deliver such further document (or cause to have such document
executed and delivered) if required by any law or due to any need or in order to perform this Agreement and/or complete the transaction
contemplated herein reasonably and satisfactorily.

 

	8.2	Complete Agreement: This Agreement (together with any document described herein
or any
document specified herein for execution) constitutes the complete agreement between the parties hereto regarding the transaction
contemplated herein and supersedes all prior understanding between the parties hereto regarding the transaction. The parties
hereto agree:

 

		8.2.1	execution of this Agreement by either party is not based on any representation,
warranty or assurance made by the other party other than those made herein;

 

		8.2.2	except in cases of violation of any representation
or warranty set forth herein, neither party may raise any claim or seek any damages based on any misleading representation (whether
due to negligence or otherwise) by the other party, regardless whether such representation is made prior to or after the execution
of this Agreement; provided that this provision does not absolve any party of any legal liability resulting from any fraudulent
element in such representation.

  

    6

     

    

 

	8.3	Cumulative Remedies: The rights and interest and remedies specifically
provided herein for either party are additional and non-exclusive and shall not harm any interest, rights or remedies available
to any party in absence of such specific provision; each party may exercise any interest, rights or remedies specifically provided
herein according to its need without any limitation.

 

	8.4	Non-waiver: failure to exercise, postponement or extension of, or
indulgence or delay in the exercise of, any law or rights or remedies provided herein by any party shall not affect its future
exercise of such rights and remedies or its ability to exercise any other rights and remedies. Such failure or delay shall not
constitute waiver or modification of any other rights or remedies. Any exercise or partial exercise of such rights or remedies
shall not prevent any other or further exercise of such rights or remedies nor prevent the exercise of any other rights and remedies.

 

	8.5	Severability: If this Agreement is to be enforced, each party
                                                   must enforce the provisions herein in accordance with the law of the competent jurisdiction to the full extent possible. If
                                                   any provision herein is determined to be invalid or unenforceable, or partially invalid or unenforceable, such provision (to
                                                   the extent of such invalidity or unenforceability) shall be considered to be invalid and considered not to be part of this
                                                   Agreement but shall not cause any other provisions herein to be invalid. Both parties must make reasonable efforts to replace
                                                   such invalid or unenforceable provision with other valid and enforceable provision of such effect that is as similar as
                                                   possible to such invalid or unenforceable provision.

 

	8.6	Modification: No modification of any provision herein (or any
document described herein or made in connection herewith) shall be considered to be part of this Agreement unless it is in writing
and signed by both parties. “Modification” for these purposes, includes changes, supplements, deletions and replacements
of any kind.

 

	8.7	Transfer: This Agreement is binding to the parties hereto and their
respective successors and permitted assigns. Without prior written consent from the other party, neither party may transfer, assign,
pledge in any way, or dispose in any other manner of, all or part of its rights and interest and/or obligations hereunder.

 

	8.8	Counterparts: This Agreement may be executed in any number of counterparts,
and all counterparts together constitute one and same agreement.

 

	8.9	Legal Relationship: The parties hereto contract as independent
principals. Neither party is, nor can it represent to be, an agent of any other party or partner. Neither party has the right to
bind the other party or cause any legal liability to the other party.

 

	8.10	Time Off-Essence: Time shall be of the essence in the performance by
each party in the obligations hereunder.

 

	8.11	Third Party Rights: A person who is not a party to this Agreement
shall have no right under the Contracts (Rights of Third Parties) Ordinance (Cap. 623 of the Laws of Hong Kong) to enforce any
of its terms.

 

	9.	GOVERNING LAW AND JURISDICTION

 

	9.1	This Agreement is governed by and construed in accordance with the law of Hong Kong.

 

	9.2	Each party hereto irrevocably submits to the non-exclusive
jurisdiction of the courts of Hong Kong.

 

    7

     

    

 

SIGNATURE
PAGE

 

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

 

For
and on behalf of

ECoin
Global Limited

 

 

 

Position:
Director

 

 

For
and on behalf of

EC
Power(Global) Technology Limited

 

 

 

Position:
Director

 

 

8

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00303-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00303-of-00352.parquet"}]]