Document:

Exhibit
10.1

 

SHARE
PURCHASE AGREEMENT

 

This
Share Purchase Agreement (this “Agreement”), dated as of December 14, 2020, is entered into among AGM Group Holdings,
Inc., a British Virgin Islands company (“Seller”), Haiyan Huang, Feng Zhi and Yinglu Gao, former shareholders
of Anyi Network Inc. (each a “Buyer” and collectively the “Buyers”). Capitalized terms used
in this Agreement have the meanings given to such terms herein.

 

RECITALS

 

WHEREAS,
Seller owns all of the issued and outstanding ordinary shares, (the “Anyi Shares”), in Anyi Network Inc., a Cayman
Islands company and a subsidiary of Seller (the “Anyi Network”); and

 

WHEREAS,
Seller wishes to sell to Buyers, and Buyers wish to purchase from Seller, the Anyi Shares, subject to the terms and conditions
set forth herein;

 

NOW,
THEREFORE, in consideration of the mutual covenants and agreements hereinafter set forth and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 

ARTICLE
I

Purchase and sale

 

Section
1.01Purchase and Sale. Subject to the
terms and conditions set forth herein, at the Closing (as defined in Section 2.01), Seller shall sell to Buyers, and Buyers shall
purchase from Seller, the Anyi Shares, free and clear of any mortgage, pledge, lien, charge, security interest, claim, community
property interest, option, equitable interest, restriction of any kind (including any restriction on use, voting, transfer, receipt
of income, or exercise of any other ownership attribute), or other encumbrance (each,
an “Encumbrance”). 

 

Section
1.02Purchase Price. The aggregate purchase price for the Anyi Shares shall
be $8,000,000 (the “Purchase Price”), payable in the form of cancelling 475,000 Class A ordinary shares of the
Seller owned by Buyers (the “AGM Shares”) and payment of $400,000 in cash (“Cash Consideration”).
The AGM Shares shall be valued at $16.00 per Class A ordinary share, based on the closing price of the Seller’s Class A
ordinary shares on October 1, 2020. Seller shall cause the AGM Shares to be cancelled at the Closing. The Cash Consideration is
payable on or prior to the six months’ anniversary from the date of this Agreement.

 

ARTICLE
II

CLOSING

 

Section
2.01Closing. The closing of the transactions contemplated by this Agreement
(the “Closing”) shall take place on a date mutually agreed by the parties after the date all of the conditions
described in Section 2.02 are met (the “Closing Date”). 

 

Section
2.02Conditions to Closing. A majority of holders of our Class A ordinary
shares and Class B ordinary shares shall approve the transaction contemplated herein.

 

     

     

    

 

Section
2.03Seller Closing Deliverables. At the Closing, Seller shall deliver to
Buyers the following:

 

(a) Share
certificates evidencing the Anyi Shares, free and clear of all Encumbrances, duly endorsed in blank or accompanied by stock powers
or other instruments of transfer duly executed in blank, with all required share transfer tax stamps affixed thereto; and

 

(b) Copies
of all resolutions of the board of directors and the shareholders of Seller authorizing the execution, delivery, and performance
of this Agreement, and the other agreements, instruments, and documents required to be delivered in connection with this Agreement
or at the Closing (collectively, the “Transaction Documents”) to which Seller is a party and the consummation
of the transactions contemplated hereby and thereby.

 

Section
2.04Buyers Closing Deliverables. At the Closing, each Buyer shall deliver
to Seller the following:

 

(a) Irrevocable
stock powers signed by each Buyer addressed to the Seller’s transfer agent with respect to the cancellation of the AGM Shares;

 

(b) Confirmation
from Seller’s transfer agent with respect to the cancellation of the AGM Shares; and

 

(c)
Promissory note signed
by Buyers in the amount of $400,000.

 

ARTICLE
III

Representations and warranties of seller

 

Seller
represents and warrants to Buyers that the statements contained in this Article III are true and correct as of the date hereof.
For purposes of this Article III, “Seller’s knowledge,” “knowledge of Seller,” and any similar phrases shall
mean the actual or constructive knowledge of any director or officer of Seller, after due inquiry.

 

Section
3.01Organization and Authority of Seller. Seller
is a company duly organized, validly existing, and in good standing under the laws (as defined in Section 3.03) of British Virgin
Islands. Seller has full corporate power and authority to enter into this Agreement and the other Transaction Documents to which
Seller is a party, to carry out its obligations hereunder and thereunder, and to consummate the transactions contemplated hereby
and thereby. The execution and delivery by Seller of this Agreement and any other Transaction Document to which Seller is a party,
the performance by Seller of its obligations hereunder and thereunder, and the consummation by Seller of the transactions contemplated
hereby and thereby have been duly authorized by all requisite corporate action on the part of Seller. This Agreement and each
Transaction Document to which Seller is a party constitute legal, valid, and binding obligations of Seller enforceable against
Seller in accordance with their respective terms.

 

Section
3.02Organization, Authority, and Qualification of Anyi Network. Anyi
Network is a company duly organized, validly existing, and in good standing under the Laws of Cayman Islands and has full corporate
power and authority to own, operate, or lease the properties and assets now owned, operated, or leased by it and to carry on its
business as it has been and is currently conducted. Anyi Network is duly licensed or qualified to do business and is in good standing
in each jurisdiction in which the properties owned or leased by it or the operation of its business as currently conducted makes
such licensing or qualification necessary.

 

    2

     

    

 

Section
3.03No Conflicts or Consents. The execution, delivery, and performance by
Seller of this Agreement and the other Transaction Documents to which it is a party, and the consummation of the transactions
contemplated hereby and thereby, do not and will not: (a) violate or conflict with any provision of the certificate of incorporation,
by-laws, or other governing documents of Seller or Anyi Network; (b) violate or conflict with any provision of any statute, law,
ordinance, regulation, rule, code, treaty, or other requirement of any Governmental Authority (collectively, “Law”)
or any order, writ, judgment, injunction, decree, determination, penalty, or award entered by or with any Governmental Authority
(“Governmental Order”) applicable to Seller or Anyi Network; (c) require the consent, notice, or filing with
or other action by any Person (defined below) or require any permit, license, or Governmental Order; (d) violate or conflict with,
result in the acceleration of, or create in any party the right to accelerate, terminate, or modify any contract, lease, deed,
mortgage, license, instrument, note, indenture, joint venture, or any other agreement, commitment, or legally binding arrangement,
whether written or oral (collectively, “Contracts”), to which Seller or Anyi Network is a party or by which Seller
or Anyi Network is bound or to which any of their respective properties and assets are subject; or (e) result in the creation
or imposition of any Encumbrance on any properties or assets of Anyi Network. “Person” means an individual,
corporation, partnership, joint venture, limited liability company, Governmental Authority, unincorporated organization, trust,
association or other entity.

 

ARTICLE
IV

Representations and warranties of Buyers

 

Buyers
represent and warrant to Seller that the statements contained in this Article IV are true and correct as of the date hereof. For
purposes of this Article IV, “Buyers’ knowledge,” “knowledge of Buyers,” and any similar phrases shall mean
the actual or constructive knowledge of any director or officer of Buyers, after due inquiry.

 

Section
4.01Authorization; Binding Agreement. The has all requisite corporate power and authority to execute and deliver this
Agreement, to perform its obligations hereunder and to consummate the transactions contemplated hereby. The execution and delivery
of this Agreement and the consummation of the transactions contemplated hereby (a) have been duly and validly authorized
and (b) no other corporate proceedings, other than as set forth elsewhere in the Agreement, are necessary to authorize the execution
and delivery of this Agreement or to consummate the transactions contemplated hereby. This Agreement has been, and shall be when
delivered, duly and validly executed and delivered by the Buyers, assuming the due authorization, execution and delivery of this
Agreement by the other parties hereto, and constitutes, or when delivered shall constitute, the valid and binding obligation of
the Buyers, enforceable against the Buyers in accordance with its terms, except to the extent that enforceability thereof may
be limited by applicable bankruptcy, insolvency, reorganization and moratorium laws and other laws of general application affecting
the enforcement of creditors’ rights generally or by any applicable statute of limitation or by any valid defense of set-off
or counterclaim, and the fact that equitable remedies or relief (including the remedy of specific performance) are subject to
the discretion of the court from which such relief may be sought (collectively, the “Enforceability Exceptions”)

 

    3

     

    

 

Section
4.02Governmental Approvals. No Consent of or with any Governmental Authority, on the part of the Buyers is required to
be obtained or made in connection with the execution, delivery or performance of this Agreement or the consummation of the transactions
contemplated hereby, other than (a) such filings as may be required in any jurisdiction in which such party is qualified or authorized
to do business as a foreign corporation in order to maintain such qualification or authorization, (b) such filings as contemplated
by this Agreement, (c) any filings required with NASDAQ with respect to the transactions contemplated by this Agreement, or (d)
applicable requirements, if any, of the Securities Act of 1933, as amended (the “Securities Act”), the Securities
Exchange Act of 1934, as amended (the “Exchange Act”), and/ or any state “blue sky” securities
laws, and the rules and regulations thereunder.

 

Section
4.03Non-Contravention. The execution and delivery by the Buyers of this Agreement and the consummation of the transactions
contemplated hereby, and compliance with any of the provisions hereof, will not (a) conflict with or violate any provision of
the Organizational Documents of such party (if any), (b) conflict with or violate any Law, Order or Consent applicable to
such party or any of its properties or assets, or (c) (i) violate, conflict with or result in a breach of, (ii) constitute a default
(or an event which, with notice or lapse of time or both, would constitute a default) under, (iii) result in the termination,
withdrawal, suspension, cancellation or modification of, (iv) accelerate the performance required by such party under, (v) result
in a right of termination or acceleration under, (vi) give rise to any obligation to make payments or provide compensation under,
(vii) result in the creation of any Lien upon any of the properties or assets of such party under, (viii) give rise to any obligation
to obtain any third party consent or provide any notice to any Person or (ix) give any Person the right to declare a default,
exercise any remedy, claim a rebate, chargeback, penalty or change in delivery schedule, accelerate the maturity or performance,
cancel, terminate or modify any right, benefit, obligation or other term under, any of the terms, conditions or provisions of,
any material contract of such party.

 

ARTICLE
V

Miscellaneous

 

Section
5.01Interpretation; Headings. This Agreement
shall be construed without regard to any presumption or rule requiring construction or interpretation against the party drafting
an instrument or causing any instrument to be drafted. The headings in this Agreement are for reference only and shall not affect
the interpretation of this Agreement.

 

Section
5.02Severability. If any term or provision
of this Agreement is invalid, illegal, or unenforceable in any jurisdiction, such invalidity, illegality, or unenforceability
shall not affect any other term or provision of this Agreement.

 

Section
5.03Entire Agreement. This Agreement and
the other Transaction Documents constitute the sole and entire agreement of the parties to this Agreement with respect to the
subject matter contained herein and therein, and supersede all prior and contemporaneous understandings and agreements, both written
and oral, with respect to such subject matter. In the event of any inconsistency between the statements in the body of this Agreement
and those in the other Transaction Documents, and any exhibits, the statements in the body of this Agreement will control.

 

Section
5.04Successors and Assigns. This Agreement
shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and permitted assigns.
Neither party may assign its rights or obligations hereunder without the prior written consent of the other party, which consent
shall not be unreasonably withheld or delayed. No assignment shall relieve the assigning party of any of its obligations hereunder.

 

    4

     

    

 

Section
5.05Amendment and Modification; Waiver. This Agreement may only be amended,
modified, or supplemented by an agreement in writing signed by each party hereto. No waiver by any party of any of the provisions
hereof shall be effective unless explicitly set forth in writing and signed by the party so waiving. No failure to exercise, or
delay in exercising, any right or remedy arising from this Agreement shall operate or be construed as a waiver thereof. No single
or partial exercise of any right or remedy hereunder shall preclude any other or further exercise thereof or the exercise of any
other right or remedy.

 

Section
5.06Governing Law; Submission to Jurisdiction. This
Agreement shall be governed by and construed in accordance with the internal laws of the State of New York, without giving effect
to any choice or conflict of law provision or rule (whether of the State of New York or any other jurisdiction). Any legal suit,
action, proceeding, or dispute arising out of or related to this Agreement, the other Transaction Documents, or the transactions
contemplated hereby or thereby may be instituted in the federal courts of the United States of America or the courts of the State
of New York in each case located in the city of New York and county of New York, and each party irrevocably submits to the exclusive
jurisdiction of such courts in any such suit, action, proceeding, or dispute.

 

Section
5.07Counterparts. This Agreement may be
executed in counterparts, each of which shall be deemed an original, but all of which together shall be deemed to be one and the
same agreement. A signed copy of this Agreement delivered by email or other means of electronic transmission shall be deemed to
have the same legal effect as delivery of an original signed copy of this Agreement.

 

[signature
page follows]

 

    5

     

    

 

IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the date first written above by their
respective officers thereunto duly authorized.

 

	 	Seller

        

	 	 
	 	AGM
    Group Holdings, Inc.
	 	 
	 	By	 
	 	

        

         
	Wenjie
        Tang

        

	 	 	Chief Executive Officer
	 	 
	 	Buyers
	 	 
	 	 
		

        

        Haiyan
        Huang

	 	 
	 	 
	 	Feng
                                         Zhi

	 	 
	 	 
	 	Yinglu
                                         Gao

 

 

6Exhibit
10.2

 

Promissory
Note

 

$400,000

 

December
14, 2020

 

FOR
VALUE RECEIVED, the undersigned, jointly and severally (“Borrowers”), hereby unconditionally promises to pay to the
order of AGM Group Holdings Inc., a British Virgin Islands company or its assigns (“Lender”),
the principal amount of $400,000 (the “Loan Amount”) as provided in this Promissory Note (this
"Note").

 

		1.	This
                                         Note shall bear no interest. 

 

		2.	On
                                         June 30, 2021, a payment in the amount of the then outstanding and unpaid Loan Amount
                                         shall become immediately due and payable in full.

 

		3.	Borrowers
                                         shall have the right to prepay all or any portion of the Loan Amount at any time during
                                         the term of this Note. 

 

		4.	This
                                         Note is not secured.

 

		5.	If
                                         Borrowers fail to pay any amount of the Loan Amount when due, Lender may exercise any
                                         or all of its rights, powers, or remedies under the Note or applicable law or available
                                         in equity. 

 

IN
WITNESS WHEREOF, Borrower has executed this Note as
of the date set forth hereof.

 

	 	Borrowers
	 	 
	 	 
	 	Haiyan Huang
	 	 
	 	 
	 	Feng Zhi
	 	 
	 	 
	 	Yinglu Gao

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