Document:

Exhibit 10.2

 

OFFERING DEPOSIT ACCOUNT AGENCY AGREEMENT

 

This OFFERING DEPOSIT
ACCOUNT AGENCY AGREEMENT (this “Agreement”) dated as of this ___________, 2018, by and among FUQIN FINTECH
LIMITED (the “Company”), having an address at No. 8 Guanghua Dongli, Zhonghai Guangchang, South Tower, 7th
Floor, Chaoyang District, Beijing, PRC 10020, BOUSTEAD SECURITIES, LLC, serving as the representative of the underwriters
(the “Underwriter”), having an address at 6 Venture, Suite 265, Irvine, CA 92618 USA, and FinTech Clearing,
LLC (the “Deposit Account Agent”), a broker-dealer registered with the Securities and Exchange Commission
(“SEC”), having an office at 6 Venture, Suite 265, Irvine, CA 92618 USA. All capitalized terms not herein defined
shall have the meaning ascribed to them in that certain prospectus filed with the United States SEC dated ________, under File
Number 333-________, including all attachments, schedules and exhibits thereto, as amended from time to time (the “Prospectus”).

 

W I T N E S S E T H:

 

WHEREAS, pursuant
to the terms of the Prospectus the Company desires to sell (the “Offering”) a minimum of $10,000,000.00 (the
“Minimum Amount”) and a maximum of $21,000,000.00 (the “Maximum Amount”) of its ordinary
shares (the “Shares”). The minimum investment per subscriber is $500.00 (which minimum investment may be waived
by Company); and

 

WHEREAS, unless
the Minimum Amount is sold by December 31, 2018 (the “Initial Termination Date”), unless extended by the Company
and the Underwriter for an additional 60 days (the “Final Termination Date”), the Offering shall terminate,
and all funds shall be returned to the subscribers in the Offering, and if the Minimum Amount is met, the Offering may continue
until the Final Termination Date. One or more closings may be conducted on or prior to the Final Termination Date; and

 

WHEREAS, the
Company and Underwriter desire to establish a deposit account with the Deposit Account Agent into which the Company and Underwriter
shall instruct investors introduced to the Company by Underwriter (the “Investors”) to deposit checks and other
instruments for the payment of money made payable to the order of “FinTech Clearing as Deposit Account Agent for the Investors
in Fuqin Fintech Limited” and Deposit Account Agent is willing to accept said checks and other instruments for the payment
of money in accordance with the terms hereinafter set forth; and

 

WHEREAS, the
Company, as issuer, and Underwriter, as an introducing broker-dealer, represent and warrant to the Deposit Account Agent that they
will comply with all of their respective obligations under applicable state and federal securities laws and regulations with respect
to sale of the Offering; and

 

WHEREAS, the
Company and Underwriter represent and warrant to the Deposit Account Agent that they have not stated to any individual or entity
that the Deposit Account Agent’s duties will include anything other than those duties stated in this Agreement; and

 

    	 	 	 

     

    

 

WHEREAS, the
Company and Underwriter warrant to the Deposit Account Agent that a copy of each document that has been delivered to Investors
and third parties that include Deposit Account Agent’s name and duties, has been attached hereto as Schedule I.

 

NOW, THEREFORE,
IT IS AGREED as follows:

 

1. Delivery of Deposit Funds.

 

(a) Underwriter and
the Company shall instruct Investors to deliver to Deposit Account Agent checks made payable to the order of “FinTech Clearing,
as Deposit Account Agent for the Investors in Fuqin Fintech Limited,” or wire transfer to FinTech Clearing, 6 Venture, Suite
265, Irvine, CA 92618, ABA No.[ ], Attention: Brian Park, President, for credit to FinTech Clearing, as Deposit Account Agent for
the Investors in Fuqin Fintech Limited Account No. _____________, in each case, with the name and address of the individual or
entity making payment. In the event any Investor’s address is not provided to Deposit Account Agent by the Investor, then
Underwriter and/or the Company agree to promptly provide Deposit Account Agent with such information in writing. The checks or
wire transfers shall be deposited into a non-interest-bearing account at _____________ entitled “FinTech Clearing, as Deposit
Account Agent for the Investors in Fuqin Fintech Limited” (the “Deposit Account”).

 

(b) The collected funds
deposited into the Deposit Account are referred to as the “Deposit Funds.”

 

(c) The Deposit Account
Agent shall have no duty or responsibility to enforce the collection or demand payment of any funds deposited into the Deposit
Account. If, for any reason, any check deposited into the Deposit Account shall be returned unpaid to the Deposit Account Agent,
the sole duty of the Deposit Account Agent shall be to return the check to the Investor and advise the Company and Underwriter
promptly thereof.

 

2. Release of Deposit Funds. The
Deposit Funds shall be paid by the Deposit Account Agent in accordance with the following:

 

(a) In the event that
the Company and Underwriter advise the Deposit Account Agent in writing that the Offering has been terminated (the “Termination
Notice”), the Deposit Account Agent shall promptly return the funds paid by each Investor to said Investor without interest
or offset within five (5) business days.

 

(b) If prior to 3:00
P.M. Pacific time on the Initial Termination Date, the Deposit Account Agent receives written notice, in the form of Exhibit A,
attached hereto and made a part hereof, and signed by the Company and Underwriter, stating that the Initial Termination Date has
been extended to the Final Termination Date (the “Extension Notice”), then the Initial Termination Date shall
be so extended.

 

    	 	2	 

     

    

 

(c) Provided that the
Deposit Account Agent does not receive the Termination Notice in accordance with Section 2(a) and there is the Minimum Amount deposited
into the Deposit Account on or prior to the Initial Termination Date or the Final Termination Date, as applicable, the Deposit
Account Agent shall, upon receipt of written instructions, in the form of Exhibit B, attached hereto and made a part hereof, or
in a form and substance satisfactory to the Deposit Account Agent, received from the Company and Underwriter, pay the Deposit Funds
in accordance with such written instructions, such payment or payments to be made by wire transfer within one (1) business day
of receipt of such written instructions. Such instructions must be received by the Deposit Account Agent no later than 3:00 PM
Pacific Time on a Business Day for the Deposit Account Agent to process such instructions that Business Day.

 

(d) If by 3:00 P.M.
Pacific time on the later of the Initial Termination Date or the Final Termination Date, if applicable, that the Deposit Account
Agent has received in accordance with Section 2(b) above, the Deposit Account Agent has not received written instructions from
the Company and Underwriter regarding the disbursement of the Deposit Funds or the total amount of the Deposit Funds is less than
the Minimum Amount, then the Deposit Account Agent shall promptly return the Deposit Funds to the Investors without interest or
offset within five (5) business days. The Deposit Funds returned to each Investor shall be free and clear of any and all claims
of the Deposit Account Agent.

 

(e) The Deposit Account
Agent shall not be required to pay any uncollected funds or any funds that are not available for withdrawal.

 

(f) If the Initial
Termination Date, the Final Termination Date or any date that is a deadline under this Agreement for giving the Deposit Account
Agent notice or instructions or for the Deposit Account Agent to take action is not a Business Day, then such date shall be the
Business Day that immediately preceding that date. A “Business Day” is any day other than a Saturday, Sunday
or a day that a SEC-registered broker-dealer is not legally obligated to be opened.

 

3. Acceptance by Deposit Account Agent.
The Deposit Account Agent hereby accepts and agrees to perform its obligations hereunder, provided that:

 

(a) The Deposit Account
Agent may act in reliance upon any signature believed by it to be genuine and may assume that any person who has been designated
by Underwriter or the Company to give any written instructions, notice or receipt, or make any statements in connection with the
provisions hereof has been duly authorized to do so. Deposit Account Agent shall have no duty to make inquiry as to the genuineness,
accuracy or validity of any statements or instructions or any signatures on statements or instructions. The names and true signatures
of each individual authorized to act singly on behalf of the Company and Underwriter are stated in Schedule II, which is
attached hereto and made a part hereof. The Company and Underwriter may each remove or add one or more of its authorized signers
stated on Schedule II by notifying the Deposit Account Agent of such change in accordance with this Agreement, which notice
shall include the true signature for any new authorized signatories.

 

(b) The Deposit Account
Agent may act relative hereto in reliance upon advice of counsel in reference to any matter connected herewith. The Deposit Account
Agent shall not be liable for any mistake of fact or error of judgment or law, or for any acts or omissions of any kind, unless
caused by its willful misconduct or gross negligence.

 

    	 	3	 

     

    

 

(c) Underwriter and
the Company agree to indemnify and hold the Deposit Account Agent harmless from and against any and all claims, losses, costs,
liabilities, damages, suits, demands, judgments or expenses (including but not limited to reasonable attorney’s fees) claimed
against or incurred by Deposit Account Agent arising out of or related, directly or indirectly, to this Agreement unless caused
by the Deposit Account Agent’s gross negligence or willful misconduct.

 

(d) In the event that
the Deposit Account Agent shall be uncertain as to its duties or rights hereunder, the Deposit Account Agent shall be entitled
to (i) refrain from taking any action other than to keep safely the Deposit Funds until it shall be directed otherwise by a court
of competent jurisdiction, or (ii) deliver the Deposit Funds to a court of competent jurisdiction.

 

(e) The Deposit Account
Agent shall have no duty, responsibility or obligation to interpret or enforce the terms of any agreement other than Deposit Account
Agent’s obligations hereunder, and the Deposit Account Agent shall not be required to make a request that any monies be delivered
to the Deposit Account, it being agreed that the sole duties and responsibilities of the Deposit Account Agent shall be to the
extent not prohibited by applicable law (i) to accept checks or other instruments for the payment of money and wire transfers delivered
to the Deposit Account Agent for the Deposit Account and deposit said checks and wire transfers into the non-interest bearing Deposit
Account, and (ii) to disburse or refrain from disbursing the Deposit Funds as stated above, provided that the checks received by
the Deposit Account Agent have been collected and are available for withdrawal.

 

4. Term of Deposits. This Agreement
shall terminate upon the disbursement of all Deposit Funds in the Deposit Account pursuant to Section 2(c), Section 2(d), Section
6 or Section 7 (except with respect to provisions hereof which are specifically intended to survive such termination).

 

5. Deposit Account Statements and Information.
The Deposit Account Agent agrees to send to the Company and/or the Underwriter a copy of the Deposit Account periodic statement,
upon request and to also provide the Company and/or Underwriter, or their designee, upon request other deposit account information,
including Deposit Account balances, by telephone or by computer communication, to the extent practicable. The Company and Underwriter
agree to complete and sign all forms or agreements required by the Deposit Account Agent for that purpose. The Company and Underwriter
each consent to the Deposit Account Agent’s release of such Deposit Account information to any of the individuals designated
by Company or Underwriter, which designation has been signed in accordance with Section 3(a) by any of the persons in Schedule
II.  Further, the Company and Underwriter have an option to receive e-mail notification of incoming and outgoing wire
transfers. If this e-mail notification service is requested and subsequently approved by the Deposit Account Agent, the Company
and Underwriter agrees to provide a valid e-mail address and other information necessary to set-up this service and sign all forms
and agreements required for such service. The Company and Underwriter each consent to the Deposit Account Agent’s release
of wire transfer information to the designated e-mail address(es). The Deposit Account Agent’s liability for failure to comply
with this section shall not exceed the cost of providing such information.

 

    	 	4	 

     

    

 

6. Resignation and Termination of the
Deposit Account Agent. The Deposit Account Agent may resign at any time by giving 30 days’ prior written notice of such
resignation to Underwriter and the Company. Upon providing such notice, the Deposit Account Agent shall have no further obligation
hereunder except to hold as depositary the Deposit Funds that it receives until the end of such 30-day period. In such event, the
Deposit Account Agent shall not take any action, other than receiving and depositing Investors’ checks and wire transfers
in accordance with this Agreement, until the Company has designated a banking corporation, trust company, attorney or other person
as successor. Upon receipt of such written designation signed by Underwriter and the Company, the Deposit Account Agent shall promptly
deliver the Deposit Funds to such successor and shall thereafter have no further obligations hereunder. If such instructions are
not received within 30 days following the effective date of such resignation, then the Deposit Account Agent may deposit the Deposit
Funds held by it pursuant to this Agreement with a clerk of a court of competent jurisdiction pending the appointment of a successor.
In either case provided for in this Section, the Deposit Account Agent shall be relieved of all further obligations and released
from all liability thereafter arising with respect to the Deposit Funds.

 

7. Termination. The Company and
Underwriter may terminate the appointment of the Deposit Account Agent hereunder upon written notice specifying the date upon which
such termination shall take effect, which date shall be at least 30 days from the date of such notice. In the event of such termination,
the Company and Underwriter shall, within 30 days of such notice, appoint a successor deposit account agent and the Deposit Account
Agent shall, upon receipt of written instructions signed by the Company and Underwriter, turn over to such successor deposit account
agent all of the Deposit Funds; provided, however, that if the Company and Underwriter fail to appoint a successor
deposit account agent within such 30-day period, such termination notice shall be null and void and the Deposit Account Agent shall
continue to be bound by all of the provisions hereof. Upon receipt of the Deposit Funds, the successor deposit account agent shall
become the deposit account agent hereunder and shall be bound by all of the provisions hereof and Deposit Account Agent shall be
relieved of all further obligations and released from all liability thereafter arising with respect to the Deposit Funds and under
this Agreement.

 

8. Investment. All funds received
by the Deposit Account Agent shall be held only in non-interest-bearing accounts at ___________.

 

9. Compensation. Deposit Account
Agent shall be entitled, for the duties to be performed by it hereunder, to a fee of $4,500, of which $2,000 shall be paid by the
Company upon the signing of this Agreement and the remaining $2,500 shall be paid by the Company at the closing of the Offering.
In addition, the Company shall be obligated to reimburse Deposit Account Agent for all fees, costs and expenses incurred or that
become due in connection with this Agreement or the Deposit Account, including reasonable attorney’s fees. Neither the modification,
cancellation, termination or rescission of this Agreement nor the resignation or termination of the Deposit Account Agent shall
affect the right of Deposit Account Agent to retain the amount of any fee which has been paid, or to be reimbursed or paid any
amount which has been incurred or becomes due, prior to the effective date of any such modification, cancellation, termination,
resignation or rescission. To the extent the Deposit Account Agent has incurred any such expenses, or any such fee becomes due,
prior to any closing, the Deposit Account Agent shall advise the Company and the Company shall direct all such amounts to be paid
directly at any such closing.

 

    	 	5	 

     

    

 

10. Notices. All notices, requests,
demands and other communications required or permitted to be given hereunder shall be in writing and shall be deemed to have been
duly given if sent by hand-delivery, by facsimile (followed by first-class mail), by nationally recognized overnight courier service
or by prepaid registered or certified mail, return receipt requested, to the addresses set forth below:

 

If to Underwriter:

 

Boustead Securities, LLC

6 Venture,
Suite 265

Irvine, CA
92618

Attention:
Keith Moore, CEO

Fax: +1 815
301 8099

 

With copy to:

 

Mei &
Mark LLP

818 18th
Street NW, Suite 410

Washington,
DC 20006

Attn: Fang
Liu, Esq.

Fax: +1 888
706 1173

 

If to the Company:

 

Fuqin Fintech Limited

No. 8 Guanghua Dongli, Zhonghai
Guangchang, South Tower, 7th Floor

Chaoyang District, Beijing, People’s
Republic of China 100020

Attention:
Mr. Huaishan Cao, CEO

 

With copy to: 

 

Ortoli Rosenstadt
LLP

366 Madison
Avenue, 3rd Floor

New York,
NY 10017

Attention:
William S. Rosenstadt, Esq.

    Mengyi “Jason”
Ye, Esq.

Fax: +1 212 826 9307

 

If to Deposit Account
Agent:

 

FinTech Clearing, LLC

6 Venture,
Suite 265

Irvine, CA
92618

Attention:
Brian Park, President

Fax: +1 310
504 3704

 

    	 	6	 

     

    

 

11. General.

 

(a) This Agreement
shall be governed by and construed and enforced in accordance with the laws of the State of Delaware applicable to agreements made
and to be entirely performed within such State, without regard to choice of law principles and any action brought hereunder shall
be brought in the courts of the State of California, located in the County of Orange. Each party hereto irrevocably waives any
objection on the grounds of venue, forum nonconveniens or any similar grounds and irrevocably consents to service of process by
mail or in any manner permitted by applicable law and consents to the jurisdiction of said courts. EACH OF THE PARTIES HERETO HEREBY
WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF THE TRANSACTIONS CONTEMPLATED BY THIS
AGREEMENT.

 

(b) This Agreement
sets forth the entire
agreement and understanding of the parties with respect to the matters contained herein and supersedes all prior agreements, arrangements
and understandings relating thereto.

 

(c) All of the terms
and conditions of this Agreement shall be binding upon, and inure to the benefit of and be enforceable by, the parties hereto,
as well as their respective successors and assigns.

 

(d) This Agreement
may be amended, modified, superseded or canceled, and any of the terms or conditions hereof may be waived, only by a written instrument
executed by each party hereto or, in the case of a waiver, by the party waiving compliance. The failure of any party at any time
or times to require performance of any provision hereof shall in no manner affect its right at a later time to enforce the same.
No waiver of any party of any condition, or of the breach of any term contained in this Agreement, whether by conduct or otherwise,
in any one or more instances shall be deemed to be or construed as a further or continuing waiver of any such condition or breach
or a waiver of any other condition or of the breach of any other term of this Agreement. No party may assign any rights, duties
or obligations hereunder unless all other parties have given their prior written consent.

 

(e) If any provision
included in this Agreement proves to be invalid or unenforceable, it shall not affect the validity of the remaining provisions.

 

(f) This Agreement
and any modification or amendment of this Agreement may be executed in several counterparts or by separate instruments and all
of such counterparts and instruments shall constitute one agreement, binding on all of the parties hereto.

 

12. Form of Signature. The parties
hereto agree to accept a facsimile transmission copy of their respective actual signatures as evidence of their actual signatures
to this Agreement and any modification or amendment of this Agreement; provided, however, that each party who produces
a facsimile signature agrees, by the express terms hereof, to place, promptly after transmission of his or her signature by fax,
a true and correct original copy of his or her signature in overnight mail to the address of the other party.

 

13. No Third-Party Beneficiaries.  This
Agreement is solely for the benefit of the parties and their respective successors and permitted assigns, and no other person has
any right, benefit, priority, or interest under or because of the existence of this Agreement.

 

[SIGNATURE PAGE FOLLOWS]

 

    	 	7	 

     

    

 

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

 

Boustead Securities, LLC

 

	By:	       	 	By:	       
	 	Name:	 	 	Name: Keith Moore
	 	Title:  	 	 	Title:   CEO

 

FinTech Clearing, LLC 

 

	By:	 	 
	 	Name: Brian Park	 
	 	Title:   President	 

 

Fuqin Fintech Limited

 

	By:	 	 
	 	Name: Huaishan Cao	 
	 	Title:   Chairman	 

 

    	 	8	 

     

    

 

Schedule
I

 

OFFERING DOCUMENTS

       

    	 	9	 

     

    

 

Schedule
II

 

The Deposit Account
Agent is authorized to accept instructions signed or believed by the Deposit Account Agent to be signed by any one of the following
on behalf of the Company and Underwriter.

 

Fuqin Fintech Limited

 

	 	Name	 	True Signature
	 	 	 	 
	 	Huaishan Cao	 	     

 

Boustead Securities, LLC

  

	 	Name	 	True Signature
	 	 	 	 
	 	Keith Moore, CEO	 	 
	 	 	 	 
	 	Dan McClory, Managing Director	 	 

 

    	 	10	 

     

    

 

Exhibit A

 

EXTENSION NOTICE

 

Date:

 

FinTech Clearing, LLC

6 Venture, Suite 265 Irvine, CA 92618

Attention: Brian Park, President

 

Dear Mr. Park:

 

In accordance with the terms of Section
2(b) of a Deposit Account Agreement dated ___ _______, by and among Fuqin Fintech Limited. (the “Company”), Boustead
Securities, LLC (the “Underwriter”), and FinTech Clearing, LLC (the “Deposit Account Agent”), the Company
and Underwriter hereby notifies the Deposit Account Agent that the Termination Date has been extended to ____________, 2019, the
Final Termination Date.

 

Very truly yours,

 

Fuqin Fintech Limited

  

	By:	       	 
	Name: Huaishan Cao	 
	Title:   Chairman	 

 

Boustead Securities, LLC

  

	By:	       	 
	Name: Keith Moore	 
	Title:   CEO	 

   

    	 	11	 

     

    

 

Exhibit B

 

FORM OF DEPOSIT RELEASE NOTICE

 

Date:

 

FinTech Clearing, LLC

6 Venture, Suite 265

Irvine, CA 92618Attention: Brian
Park, President

 

Dear Mr. Park:

 

In accordance with the terms of Section
2(c) of a Deposit Account Agreement dated as of ________ __, 2018 (the “Deposit Account Agreement”), by and between Fuqin
Fintech Limited (the “Company”), FinTech Clearing, LLC (the “Deposit Account Agent”) and Boustead Securities,
LLC (the “Underwriter”), the Company and Underwriter hereby notify the Deposit Account Agent that the ________ closing
will be held on ___________ for gross proceeds of $_________.

  

PLEASE DISTRIBUTE FUNDS BY WIRE TRANSFER
AS FOLLOWS (wire instructions attached):

  

	________________________:	 	$
	 	 	 
	________________________:	 	$                 
	 	 	 
	________________________:	 	$

 

Very truly yours,

 

Fuqin Fintech Limited

  

	By:	       	 
	Name: Huaishan Cao	 
	Title:   Chairman	 

 

Boustead Securities, LLC

  

	By:	       	 
	Name: Keith Moore	 
	Title:   CEO	 

 

    	 	12Exhibit 10.11

 

  

__________,
2018

 

Re:
Offer to Join the Board of Directors of Fuqin Fintech Ltd.

 

Dear
_______:

 

I
am pleased to extend you an offer to join the Board of Directors (the “Board”) of Fuqin Fintech Ltd. (“Fuqin”).
Your appointment to the Board is subject to the approval of Fuqin’s Board of Directors, and the following outlines certain
of your responsibilities as a member of the Board, which responsibilities will commence at the Board meeting held in _______,
2018, or as soon thereafter as Board of Director approval is obtained:

 

	 	●	Generally:
    You shall have all responsibilities of a Director of the Company imposed by US Securities law or equivalent applicable law,
    the Certificate of Incorporation, as may be amended from time to time, and Bylaws, as may be amended from time to time, of
    Fuqin Fintech Ltd. These responsibilities shall include, but shall not be limited to, the following:

 

	 	●	Attendance:
    Use best efforts to attend scheduled meetings of the Board;

 

	 	●	Act
    as a Fiduciary: Represent the shareholders and the interests of Fuqin Fintech Ltd. as a fiduciary;

 

	 	●	Participation:
    Participate as a full voting member of the Board in setting overall objectives, approving plans and programs of operation,
    formulating general policies, offering advice and counsel, serving on Board Committees, and reviewing management performance;
    and

 

As
a member of the Board, you agree to execute an acknowledgement in the form attached hereto. In addition, upon your joining the
Board, Fuqin Fintech Ltd. will enter into a customary indemnification agreement with you.

 

In
consideration for your joining the Board, the Company will grant to you cash compensation of $30,000 USD per annum including travel
reimbursement with the appropriate receipts, paid in arrears, upon the completion of the Company’s initial public offering.

 

I
trust that this offer is satisfactory to you and look forward to you joining the Company as a member of the Board. Please indicate
your acceptance of this offer by signing below and returning one copy of this offer to me by _______, 2018. By signing below you
acknowledge that you have read this agreement and fully understand the nature and effect of it and the terms contained herein
and that the said terms are fair and reasonable and correctly set out your understanding and intention.

 

     

     

    

 

I
look forward to having you on board with Fuqin Fintech Ltd. and trust your relationship with Fuqin Fintech Ltd. will be challenging
and exciting.

 

Yours
very truly,

 

	 	 
	Xingliang
Li
	 
	President
    and Chief Executive Officer	 
	Fuqin Fintech
    Ltd.	 

 

I,
_________, accept the offer as stated above.

 

	Signature: 	/s/	 
	Date:
    _________, 2018

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00287-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00287-of-00352.parquet"}]]