Document:

Exhibit 10.2

 

REGISTRATION
RIGHTS AGREEMENT

 

This
Registration Rights Agreement (the “Agreement”), dated as of July 12, 2021 (the “Execution Date”), is
entered into by and between Sharing Economy International inc., (the “Company”), a corporation organized under
the laws of Delaware, with its principal executive offices at Cornwall Centre, no. 85 Castle Peak Road, Castle Peak Bay, Tuen Mun, N.T.,
Hong Kong, and Strattner Alternative Credit Fund LP, (the “Investor”), a Delaware limited partnership, with
its principal executive offices at 30 Wall Street, 8th Floor, 10005, New York, NY.

 

RECITALS:

 

		A.	Pursuant
                                            to the Investment Agreement entered into by and between the Company and the Investor of this
                                            even date (the “Investment Agreement”), the Company has agreed to issue
                                            and sell to the Investor an indeterminate number of Common Shares of the Company, $0.0001
                                            par value per share (the “Common Shares”), up to an aggregate purchase
                                            price of Five Million Dollars ($5,000,000).

 

		B.	As
                                            an inducement to the Investor to execute and deliver the Investment Agreement, the Company
                                            has agreed to provide certain registration rights under the Securities Act of 1933, as amended,
                                            and the rules and regulations thereunder (the “1933 Act”), and applicable
                                            state securities laws, with respect to the Common Shares issuable pursuant to the Investment
                                            Agreement.

 

AGREEMENT

 

NOW
THEREFORE, in consideration of the foregoing promises and the mutual covenants contained hereinafter and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the Company and the Investor hereby agree as follows:

 

SECTION
I DEFINITIONS

 

As
used in this Agreement, the following terms shall have the following meanings:

 

“1933
Act” shall have the meaning set forth in the recitals.

 

“1934
Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations thereunder, or any similar successor
statute.

 

“Agreement”
shall have the meaning set forth in the preamble.

 

“Claims”
shall have the meaning set forth in Section 6.1.

 

“Common
Shares” shall have the meaning set forth in the recitals.

 

“Company”
shall have the meaning set forth in the preamble.

 

“Execution
Date” shall have the meaning set forth in the preamble.

 

“Indemnified
Damages” shall have the meaning set forth in Section 6.1.

 

“Indemnified
Party” shall have the meaning set forth in Section 6.1.

 

“Indemnified
Person” shall have the meaning set forth in Section 6.1.

 

“Investment
Agreement” shall have the meaning set forth in the recitals.

 

“Investor”
shall have the meaning set forth in the preamble.

 

“Investor’s
Delay” shall have the meaning set forth in Section 3.5.

 

“New
Registration Statement” shall have the meaning set forth in Section 2.3.

 

“Person”
means a corporation, a limited liability company, an association, a partnership, an organization, a business, an individual, a governmental
or political subdivision thereof or a governmental agency.

 

“Principal
Market” shall mean Canadian Securities Exchange, Nasdaq Capital Market, the NYSE Amex, the New York Stock Exchange, the Nasdaq
Global Market, the Nasdaq Global Select Market or the OTCQB, or whichever is the principal market on which the Common Shares of the Company
are listed.

 

     

     

    

 

“Register,”
”Registered,” and “Registration” refer to the Registration effected by preparing and filing one
(1) or more Registration Statements in compliance with the 1933 Act and pursuant to Rule 415 under the 1933 Act or any successor rule
providing for offering securities on a continuous basis, and the declaration or ordering of effectiveness of such Registration Statement(s)
by the SEC.

 

“Registration
Period” shall have the meaning set forth in Section 3.1.

 

“Registrable
Securities” means (i) the Common Shares issuable pursuant to the Investment Agreement, (ii) the Common Stock set forth on Exhibit
A hereto, and (iii) any shares of capital stock issuable with respect to such Common Shares, if any, as a result of any stock splits,
stock dividends, or similar transactions, which have not been (x) included in the Registration Statement that has been declared effective
by the SEC, or (y) sold under circumstances meeting all of the applicable conditions of Rule 144 (or any similar provision then in force)
under the 1933 Act.

 

“Registration
Default” shall have the meaning set forth in Section 3.3.

 

“Registration
Statement” means the registration statement of the Company filed under the 1933 Act covering the Registrable Securities.

 

“Rule
144” means Rule 144 promulgated under the 1933 Act or any successor rule of the SEC.

 

“SEC”
shall mean the U.S. Securities and Exchange Commission.

 

“Staff”
shall have the meaning set forth in Section 2.3.

 

“Violations”
shall have the meaning set forth in Section 6.1.

 

All
capitalized terms used in this Agreement and not otherwise defined herein shall have the same meaning ascribed to them as in the Investment
Agreement.

 

SECTION
II REGISTRATION

 

2.1
The Company shall use its best efforts to, within ninety (90) days of the Execution Date file with the SEC a Registration Statement or
Registration Statements (as is necessary) on Form S-3 or S-1 (or, if such form is unavailable for such a registration, on such other
form as is available for such registration), covering the resale of up to $____________of the Registrable Securities, which Registration
Statement(s) shall state that, in accordance with Rule 416 promulgated under the 1933 Act, such Registration Statement also covers such
indeterminate number of additional Common Shares as may become issuable upon stock splits, stock dividends or similar transactions. The
Company shall initially register for resale ___________ shares of Registrable Securities, except to the extent that the SEC may require
such share amount to be reduced as a condition of effectiveness.

 

2.2
The Company shall use commercially reasonable efforts to have the Registration Statement(s) declared effective by the SEC within one
hundred twenty (120) days but no more than one hundred fifty (150) days after the Company has filed the Registration Statement(s), subject
to any SEC comments or objections which may remain unresolved on or after the 150th day that prevent the effectiveness of
such Registration Statement, which shall not be a default hereunder or under the Investment Agreement.

 

2.3
Notwithstanding the registration obligations set forth in Section 2.1, if the staff of the SEC (the “Staff”)
or the SEC informs the Company that all of the unregistered Registrable Securities cannot, as a result of the application of Rule 415,
be registered for resale as a secondary offering on a single Registration Statement, the Company agrees to promptly (i) inform the Investor
and use its commercially reasonable efforts to file amendments to the Registration Statement as required by the SEC and/or (ii) withdraw
the Registration Statement and file a new registration statement (the “New Registration Statement”), in either case
covering the maximum number of Registrable Securities permitted to be registered by the SEC, on Form S-3 or S-1 to register for resale
the Registrable Securities as a secondary offering. If the Company amends the Registration Statement or files a New Registration Statement,
as the case may be, under clauses (i) or (ii) above, the Company shall use its commercially reasonable efforts to file with the SEC,
as promptly as allowed by the Staff or SEC, one or more registration statements on Form S-3 or S-1 to register for resale those Registrable
Securities that were not registered for resale on the Registration Statement, as amended, or the New Registration Statement. Additionally,
the Company shall have the ability to file one or more New Registration Statements, without penalty or default, to cover the Registrable
Securities once the Shares under the initial Registration Statement referenced in Section 2.1 have been sold.

 

2,4
Notwithstanding anything to the contrary herein, the Company shall not be obligated to file any Registration Statements with respect
to Registrable Securities that have not been issued pursuant to the Investment Agreement prior to the expiration or termination of the
Investment Agreement.

 

    2

     

    

 

SECTION
III RELATED OBLIGATIONS

 

At
such time as the Company is obligated to prepare and file the Registration Statement with the SEC pursuant to Section 2, the Company
shall effect the registration of the Registrable Securities in accordance with the intended method of disposition thereof and, with respect
thereto, the Company shall have the following obligations:

 

 

3.1
Upon the effectiveness of such Registration Statement relating to the Registrable Securities, the Company shall keep such Registration
Statement effective until the earlier to occur of the date on which (A) the Investor shall have sold all the Registrable Securities actually
issued under the Investment Agreement; or (B) the Investor has no right to acquire any additional Common Shares under the Investment
Agreement; or (C) the Investor becomes eligible sell the Registrable Securities without volume limitations under Rule 144 (the “Registration
Period”). The Registration Statement (including any amendments or supplements thereto and prospectuses contained therein) shall
not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein, or necessary to make
the statements therein, in light of the circumstances in which they were made, not misleading. The Investor agrees to provide all information
which it is required by law to provide to the Company, including the intended method of disposition of the Registrable Securities, and
the Company’s obligations set forth in this Agreement shall be conditioned on the receipt of such information.

 

3.2
The Company shall prepare and file with the SEC such amendments (including post-effective amendments) and supplements to the Registration
Statement and the prospectus used in connection with such Registration Statement, which prospectus is to be filed pursuant to Rule 424
promulgated under the 1933 Act, as may be necessary to keep such Registration Statement effective during the Registration Period, and,
during such period, comply with the provisions of the 1933 Act with respect to the disposition of all Registrable Securities of the Company
covered by such Registration Statement. In the event the number of Common Shares covered by the Registration Statement filed pursuant
to this Agreement is at any time insufficient to cover all of the Registrable Securities and subject to Section 2.4 hereof, the Company
shall amend such Registration Statement, or file a new Registration Statement (on the short form available therefor, if applicable),
or both, so as to cover all of the Registrable Securities, in each case, as soon as practicable, but in any event within thirty (30)
calendar days after the necessity therefor arises (based on the then Purchase Price of the Common Shares and other relevant factors on
which the Company reasonably elects to rely), assuming the Company has sufficient authorized shares at that time, and if it does not,
within thirty (30) calendar days after such shares are authorized. The Company shall use commercially reasonable efforts to cause such
amendment and/or new Registration Statement to become effective as soon as practicable following the filing thereof.

 

3.3
As promptly as practicable after becoming aware of such event, the Company shall notify Investor in writing of the happening of any event
as a result of which the prospectus included in the Registration Statement, as then in effect, includes an untrue statement of a material
fact or omission to state a material fact required to be stated therein or necessary to make the statements therein, in light of the
circumstances under which they were made, not misleading (“Registration Default”) and use all diligent efforts to
promptly prepare a supplement or amendment to such Registration Statement and take any other necessary steps to cure the Registration
Default (which, if such Registration Statement is on Form F-3, may consist of a document to be filed by the Company with the SEC pursuant
to Section 13(a), 13(c), 14 or 15(d) of the 1934 Act and to be incorporated by reference in the prospectus) to correct such untrue statement
or omission, and make available copies of such supplement or amendment to the Investor. During the Registration Period, the Company shall
also promptly notify the Investor (i) when a prospectus or any prospectus supplement or post-effective amendment has been filed, and
when the Registration Statement or any posteffective amendment has become effective; (ii) of any request by the SEC for amendments or
supplements to the Registration Statement or related prospectus or related information, (iii) of the Company’s reasonable determination
that a post-effective amendment to the Registration Statement would be appropriate, (iv) in the event the Registration Statement is No
longer effective, or (v) if the Registration Statement is stale as a result of the Company’s failure to timely file its financials
or otherwise

 

3.4
The Company shall use all commercially reasonable efforts to prevent the issuance of any stop order or other suspension of effectiveness
of the Registration Statement, or the suspension of the qualification of any of the Registrable Securities for sale in any jurisdiction
and, if such an order or suspension is issued, to obtain the withdrawal of such order or suspension at the earliest possible moment and
to notify the Investor holding Registrable Securities being sold of the issuance of such order and the resolution thereof or its receipt
of actual notice of the initiation or threat of any proceeding concerning the effectiveness of the Registration Statement.

 

    3

     

    

 

3.5
The Company shall permit the Investor and one (1) legal counsel, designated by the Investor, to review and comment upon the Registration
Statement and all amendments and supplements thereto at least one (1) calendar day prior to their filing with the SEC. However, any postponement
of a filing of a Registration Statement or any postponement of a request for acceleration or any postponement of the effective date or
effectiveness of a Registration Statement by written request of the Investor (collectively, the “Investor’s Delay”)
shall not act to trigger any penalty of any kind, or any cash amount due or any in-kind amount due the Investor from the Company under
any and all agreements of any nature or kind between the Company and the Investor. The event(s) of an Investor’s Delay shall act
to suspend all obligations of any kind or nature of the Company under any and all agreements of any nature or kind between the Company
and the Investor.

 

3.6
The Company shall hold in confidence and not make any disclosure of information concerning the Investor unless (i) disclosure of such
information is necessary to comply with federal or state securities laws, (ii) the disclosure of such information is necessary to avoid
or correct a misstatement or omission in any Registration Statement, (iii) the release of such information is ordered pursuant to a subpoena
or other final, non-appealable order from a court or governmental body of competent jurisdiction, (iv) such information is required to
be submitted or disclosed in response to an SEC comment or pursuant to the 1933 Act and/or the 1934 Act, and the rules and regulations
applicable thereto or (v) such information has been made generally available to the public other than by disclosure in violation of this
Agreement or any other agreement. The Company agrees that it shall, upon learning that disclosure of such information concerning the
Investor is sought in or by a court or governmental body of competent jurisdiction or through other means, give prompt written notice
to the Investor and allow the Investor, at the Investor’s expense, to undertake appropriate action to prevent disclosure of, or
to obtain a protective order covering such information.

 

3.7
The Company shall use all commercially reasonable efforts to maintain designation and quotation of all the Registrable Securities covered
by any Registration Statement on the Principal Market. If, despite the Company’s commercially reasonable efforts, the Company is
unsuccessful in satisfying the preceding sentence, it shall use commercially reasonable efforts to cause all the Registrable Securities
covered by any Registration Statement to be listed on each other national securities exchange and automated quotation system, if any,
on which securities of the same class or series issued by the Company are then listed, if any, if the listing of such Registrable Securities
is then permitted under the rules of such exchange or system. The Company shall pay all fees and expenses in connection with satisfying
its obligation under this Section 3.7.

 

3.8
If requested by the Investor, the Company shall (i) as soon as reasonably practical incorporate in a prospectus supplement or post-effective
amendment such information as the Investor reasonably determines should be included therein relating to the sale and distribution of
Registrable Securities, including, without limitation, information with respect to the offering of the Registrable Securities to be sold
in such offering; (ii) make all required filings of such prospectus supplement or post-effective amendment as soon as reasonably possible
after being notified of the matters to be incorporated in such prospectus supplement or post-effective amendment; and (iii) supplement
or make amendments to any Registration Statement if reasonably requested by the Investor.

 

3.9
The Company shall use all commercially reasonable efforts to cause the Registrable Securities covered by the applicable Registration
Statement to be registered with or approved by such other governmental agencies or authorities as may be necessary to facilitate the
disposition of such Registrable Securities.

 

3.10
The Company shall otherwise use all commercially reasonable efforts to comply with all applicable rules and regulations of the SEC in
connection with any registration hereunder.

 

3.11
The Company shall take all other reasonable actions necessary to expedite and facilitate disposition by the Investor of Registrable Securities
pursuant to the Registration Statement.

 

SECTION
IV OBLIGATIONS OF THE INVESTOR

 

4.1
At least five (5) calendar days prior to the first anticipated filing date of the Registration Statement, the Company shall notify the
Investor in writing of the information the Company requires from the Investor for the Registration Statement. It shall be a condition
precedent to the obligations of the Company to complete the registration pursuant to this Agreement with respect to the Registrable Securities
and the Investor agrees to furnish to the Company that information regarding itself, the Registrable Securities and the intended method
of disposition of the Registrable Securities as shall reasonably be required to effect the registration of such Registrable Securities
and the Investor shall execute such documents in connection with such registration as the Company may reasonably request. The Investor
covenants and agrees that, in connection with any sale of Registrable Securities by it pursuant to the Registration Statement, it shall
comply with the “Plan of Distribution” section of the then current prospectus relating to such Registration Statement.

 

    4

     

    

 

4.2
The Investor, by its acceptance of the Registrable Securities, agrees to timely cooperate with the Company as reasonably requested by
the Company in connection with the preparation and filing of any Registration Statement hereunder, unless the Investor has notified the
Company in writing of an election to exclude all of the Investor’s Registrable Securities from such Registration Statement.

 

4.3
The Investor agrees that, upon receipt of written notice from the Company of the happening of any event of the kind described in Section
3.4 or the first sentence of Section 3.3, the Investor will immediately discontinue disposition of Registrable Securities
pursuant to any Registration Statement(s) covering such Registrable Securities until the Investor’s receipt of the copies of the
supplemented or amended prospectus contemplated by Section 3.4 or the first sentence of Section 3.3.

 

SECTION
V EXPENSES OF REGISTRATION

 

All
legal expenses of the Company incurred in connection with registrations shall be paid by the Company.

 

SECTION
VI INDEMNIFICATION

 

In
the event any Registrable Securities are included in the Registration Statement under this Agreement:

 

6.1
To the fullest extent permitted by law, the Company, under this Agreement, will, and hereby does, indemnify, hold harmless and defend
the Investor who holds Registrable Securities, the directors, officers, partners, employees, agents and representatives of, and each
Person, if any, who controls, the Investor within the meaning of the 1933 Act or the 1934 Act (each, an “Indemnified Person”),
against any losses, claims, damages, liabilities, judgments, fines, penalties, charges, costs, attorneys’ fees, amounts paid in
settlement or expenses, joint or several (collectively, “Claims”), incurred in investigating, preparing or defending
any action, claim, suit, inquiry, proceeding, investigation or appeal taken from the foregoing by or before any court or governmental,
administrative or other regulatory agency, body or the SEC, whether pending or threatened, whether or not an indemnified party is or
may be a party thereto (“Indemnified Damages”), to which any of them may become subject insofar as such Claims (or
actions or proceedings, whether commenced or threatened, in respect thereof) arise out of or are based upon: (i) any untrue statement
or alleged untrue statement of a material fact in the Registration Statement or any post-effective amendment thereto, or the omission
or alleged omission to state a material fact required to be stated therein or necessary to make the statements therein, in light of the
circumstances under which the statements therein were made, not misleading, (ii) any untrue statement or alleged untrue statement of
a material fact contained in the final prospectus (as amended or supplemented, if the Company files any amendment thereof or supplement
thereto with the SEC) or the omission or alleged omission to state therein any material fact necessary to make the statements made therein,
in light of the circumstances under which the statements therein were made, not misleading, or (iii) any violation or alleged violation
by the Company of the 1933 Act, the 1934 Act, any other law, including, without limitation, any state securities law, or any rule or
regulation thereunder relating to the offer or sale of the Registrable Securities pursuant to the Registration Statement (the matters
in the foregoing clauses (i) through (iii) being, collectively, “Violations”). Subject to the restrictions set forth
in Section 6.3 the Company shall reimburse the Investor and each such controlling person, promptly as such expenses are incurred
and are due and payable, for any reasonable legal fees or other reasonable expenses incurred by them in connection with investigating
or defending any such Claim. Notwithstanding anything to the contrary contained herein, the indemnification agreement contained in this
Section 6.1: (i) shall not apply to a Claim arising out of or based upon a Violation which is due to the inclusion in the Registration
Statement of the information furnished to the Company by any Indemnified Person expressly for use in connection with the preparation
of the Registration Statement or any such amendment thereof or supplement thereto; (ii) shall not be available to the extent such Claim
is based on (a) a failure of the Investor to deliver or to cause to be delivered the prospectus made available by the Company or (b)
the Indemnified Person’s use of an incorrect prospectus despite being promptly advised in advance by the Company in writing not
to use such incorrect prospectus; (iii) any claims based on the manner of sale of the Registrable Securities by the Investor or of the
Investor’s failure to register as a dealer under applicable securities laws; (iv) any omission of the Investor to notify the Company
of any material fact that should be stated in the Registration Statement or prospectus relating to the Investor or the manner of sale;
and (v) any amounts paid in settlement of any Claim if such settlement is effected without the prior written consent of the Company,
which consent shall not be unreasonably withheld. Such indemnity shall remain in full force and effect regardless of any investigation
made by or on behalf of the Indemnified Person and shall survive the resale of the Registrable Securities by the Investor pursuant to
the Registration Statement. Notwithstanding anything to the contrary herein, the Company shall only be liable under this Section 6.1
for that amount of a Claim or Indemnified Damages as does not exceed _____________.

 

    5

     

    

 

6.2
In connection with any Registration Statement in which Investor is participating, the Investor agrees to indemnify, hold harmless and
defend, to the same extent and in the same manner as is set forth in Section 6.1, the Company, each of its directors, each of
its officers who signs the Registration Statement, each Person, if any, who controls the Company within the meaning of the 1933 Act or
the 1934 Act and the Company’s agents (collectively and together with an Indemnified Person, an “Indemnified Party”),
against any Claim or Indemnified Damages to which any of them may become subject, under the 1933 Act, the 1934 Act or otherwise, insofar
as such Claim or Indemnified Damages arise out of or are based upon any Violation, in each case to the extent, and only to the extent,
that such Violation is due to the inclusion in the Registration Statement of the written information furnished to the Company by the
Investor expressly for use in connection with such Registration Statement; and, subject to Section 6.3, the Investor shall reimburse
any legal or other expenses reasonably incurred by them in connection with investigating or defending any such Claim; provided, however,
that the indemnity agreement contained in this Section 6.2 and the agreement with respect to contribution contained in Section
7 shall not apply to amounts paid in settlement of any Claim if such settlement is effected without the prior written consent of
the Investor, which consent shall not be unreasonably withheld or delayed; provided, further, however, that the Investor shall only be
liable under this Section 6.2 for that amount of a Claim or Indemnified Damages as does not exceed greater of the net proceeds
to such Investor as a result of the sale of Registrable Securities pursuant to such Registration Statement, and with respect to any portion
of the Registrable Securities that are unsold, the value of such unsold Registrable Securities. Such indemnity shall remain in full force
and effect regardless of any investigation made by or on behalf of such Indemnified Party and shall survive the resale of the Registrable
Securities by the Investor pursuant to the Registration Statement. Notwithstanding anything to the contrary contained herein, the indemnification
agreement contained in this Section 6.2 with respect to any preliminary prospectus shall not inure to the benefit of any Indemnified
Party if the untrue statement or omission of material fact contained in the preliminary prospectus were corrected on a timely basis in
the prospectus, as then amended or supplemented.

 

6.3
Promptly after receipt by an Indemnified Person or Indemnified Party under this Section 6 of notice of the commencement of any
action or proceeding (including any governmental action or proceeding) involving a Claim, such Indemnified Person or Indemnified Party
shall, if a Claim in respect thereof is to be made against any indemnifying party under this Section 6, deliver to the indemnifying
party a written notice of the commencement thereof, and the indemnifying party shall have the right to participate in, and, to the extent
the indemnifying party so desires, jointly with any other indemnifying party similarly noticed, to assume control of the defense thereof
with counsel mutually satisfactory to the indemnifying party and the Indemnified Person or the Indemnified Party, as the case may be;
provided, however, that an Indemnified Person or Indemnified Party shall have the right to retain its own counsel with the fees and expenses
to be paid by the indemnifying party, if, in the reasonable opinion of counsel retained by the Indemnified Person or Indemnified Party,
the representation by counsel of the Indemnified Person or Indemnified Party and the indemnifying party would be inappropriate due to
actual or potential differing interests between such Indemnified Person or Indemnified Party and any other party represented by such
counsel in such proceeding. The indemnifying party shall pay for only one (1) separate legal counsel for the Indemnified Persons or the
Indemnified Parties, as applicable, and such counsel shall be selected by the Investor, if the Investor is entitled to indemnification
hereunder, or the Company, if the Company is entitled to indemnification hereunder, as applicable. The Indemnified Party or Indemnified
Person shall cooperate fully with the indemnifying party in connection with any negotiation or defense of any such action or Claim by
the indemnifying party and shall furnish to the indemnifying party all information reasonably available to the Indemnified Party or Indemnified
Person which relates to such action or Claim. The indemnifying party shall keep the Indemnified Party or Indemnified Person fully apprised
at all times as to the status of the defense or any settlement negotiations with respect thereto. No indemnifying party shall be liable
for any settlement of any action, claim or proceeding affected without its written consent, provided, however, that the indemnifying
party shall not unreasonably withhold, delay or condition its consent. No indemnifying party shall, without the consent of the Indemnified
Party or Indemnified Person, consent to entry of any judgment or enter into any settlement or other compromise which does not include
as an unconditional term thereof the giving by the claimant or plaintiff to such Indemnified Party or Indemnified Person of a release
from all liability in respect to such Claim. Following indemnification as provided for hereunder, the indemnifying party shall be subrogated
to all rights of the Indemnified Party or Indemnified Person with respect to all third parties, firms or corporations relating to the
matter for which indemnification has been made. The failure to deliver written notice to the indemnifying party within a reasonable time
of the commencement of any such action shall not relieve such indemnifying party of any liability to the Indemnified Person or Indemnified
Party under this Section 6, except to the extent that the indemnifying party is prejudiced in its ability to defend such action.

 

    6

     

    

 

6.4
The indemnity agreements contained herein shall be in addition to (i) any cause of action or similar right of the Indemnified Party or
Indemnified Person against the indemnifying party or others, and (ii) any liabilities the indemnifying party may be subject to pursuant
to the law.

 

SECTION
VII CONTRIBUTION

 

7.1
To the extent any indemnification by an indemnifying party is prohibited or limited by law, the indemnifying party agrees to make the
maximum contribution with respect to any amounts for which it would otherwise be liable under Section 6 to the fullest extent
permitted by law; provided, however, that: (i) No contribution shall be made under circumstances where the maker would not have been
liable for indemnification under the fault standards set forth in Section 6; (ii) No seller of Registrable Securities guilty of
fraudulent misrepresentation (within the meaning of Section 11(f) of the 1933 Act) shall be entitled to contribution from any seller
of Registrable Securities who was not guilty of fraudulent misrepresentation; and (iii) contribution by any seller of Registrable Securities
shall be limited in amount to the net amount of proceeds received by such seller from the sale of such Registrable Securities, or, if
Registrable Securities are unsold, the value of such Registrable Securities.

 

SECTION
VIII REPORTS UNDER THE 1934 ACT

 

8.1
After the Execution Date of the Registration Statement and with a view to making available to the Investor the benefits of Rule 144 that
may at any time permit the Investor to sell securities of the Company to the public without registration, provided that the Investor
holds any Registrable Securities that are eligible for resale under Rule 144, the Company agrees to:

 

		a.	make
                                            and keep public information available, as those terms are understood and defined in Rule
                                            144;

 

		b.	file
                                            with the SEC in a timely manner all reports and other documents required of the Company under
                                            the 1933 Act and the 1934 Act so long as the Company remains subject to such requirements
                                            and the filing of such reports and other documents is required for the applicable provisions
                                            of Rule 144; and

 

		c.	furnish
                                            to the Investor, promptly upon request, (i) a written statement by the Company that it has
                                            complied with the reporting requirements of Rule 144, the 1933 Act and the 1934 Act, as applicable,
                                            and (ii) such other information as may be reasonably requested to permit the Investor to
                                            sell such securities pursuant to Rule 144 without registration.

 

    7

     

    

 

SECTION
IX MISCELLANEOUS

 

9.1
NOTICES. Any notices or other communications required or permitted to be given under the terms of this Agreement must be in writing
and will be deemed to have been delivered (i) upon receipt, when delivered personally; (ii) upon receipt, when sent by electronic mail
(provided confirmation of transmission is mechanically or electronically generated and kept on file by the sending party); or (iii) one
(1) day after deposit with a nationally recognized overnight delivery service, in each case properly addressed to the party to receive
the same. The addresses and email addresses for such communications shall be:

 

	 	If to the Company:	Sharing Economy International Inc.
	 	 	Cornwall Centre, no. 85 Castle Peak Road,
	 	 	Castle Peak Bay, Tuen Mun, N.T.,
	 	 	Hong Kong
	 	 	ATTN: Lam Ka Man
	 	 	 
	 	If to the Investor:	Strattner Alternative
    Credit Fund LP
	 	 	30 Wall Street, 8th Floor 
	 	 	New York, NY 10005
	 	 	ATTN: Dr. Timo Bernd Strattner
	 	 	 
	 	With a copy 	Kirton   McConkie, P.C
	 	(which shall not	50 East South Temple Street, Suite 400
	 	constitute notice) to:	Salt Lake City, UT 84111
	 	 	ATTN: C. Parkinson Lloyd, Esq.
	 	 	plloyd@kmclaw.com

 

Each
party shall provide five (5) business days prior written notice to the other party of any change in address or email address.

 

9.2
NO WAIVERS. Failure of any party to exercise any right or remedy under this Agreement or otherwise, or delay by a party in exercising
such right or remedy, shall not operate as a waiver thereof.

 

9.3
NO ASSIGNMENTS. The rights and obligations under this Agreement shall not be assignable.

 

9.4
ENTIRE AGREEMENT/AMENDMENT. This Agreement and the Registered Offering Transaction Documents constitute the entire agreement among
the parties hereto with respect to the subject matter hereof and thereof. There are No restrictions, promises, warranties or undertakings,
other than those set forth or referred to herein and therein. This Agreement and the Registered Offering Transaction Documents supersede
all prior agreements and understandings among the parties hereto with respect to the subject matter hereof and thereof. The provisions
of this Agreement may be amended only with the written consent of the Company and Investor.

 

9.5
HEADINGS. The headings in this Agreement are for convenience of reference only and shall not limit or otherwise affect the meaning
hereof. Whenever required by the context of this Agreement, the singular shall include the plural and masculine shall include the feminine.
This Agreement shall not be construed as if it had been prepared by one of the parties, but rather as if all the parties had prepared
the same.

 

9.6
COUNTERPARTS. This Agreement may be executed in any number of counterparts and by the different signatories hereto on separate
counterparts, each of which, when so executed, shall be deemed an original, but all such counterparts shall constitute but one and the
same instrument. This Agreement may be executed by facsimile transmission, PDF, electronic signature or other similar electronic means
with the same force and effect as if such signature page were an original thereof.

 

    8

     

    

 

9.7
FURTHER ASSURANCES. Each party shall do and perform, or cause to be done and performed, all such further acts and things, and
shall execute and deliver all such other agreements, certificates, instruments and documents, as the other party may reasonably request
in order to carry out the intent and accomplish the purposes of this Agreement and the consummation of the transactions contemplated
hereby.

 

9.8
SEVERABILITY. In case any provision of this Agreement is held by a court of competent jurisdiction to be excessive in scope or
otherwise invalid or unenforceable, such provision shall be adjusted rather than voided, if possible, so that it is enforceable to the
maximum extent possible, and the validity and enforceability of the remaining provisions of this Agreement will not in any way be affected
or impaired thereby.

 

9.9
LAW GOVERNING THIS AGREEMENT. This Agreement shall be governed by, and construed and interpreted in accordance with the laws of
the State of New York without giving effect to any conflict of laws rule or principle that might require the application of the laws
of another jurisdiction. Any dispute, claim, suit, action or other legal proceeding arising out of the transactions contemplated by this
Agreement or the rights and obligations of each of the parties shall be brought only in a competent court in the State and City of New
York or in the federal courts of the United States of America located in the Southern District of New York. The parties to this Agreement
hereby irrevocably waive (i) any right to a jury trial and (ii) any objection to jurisdiction and venue of any action instituted hereunder
and shall not assert any defense based on lack of jurisdiction or venue or based upon forum non conveniens. The parties executing
this Agreement and other agreements referred to herein or delivered in connection herewith agree to submit to the in personam jurisdiction
of such courts. In the event that any provision of this Agreement or any other agreement delivered in connection herewith is invalid
or unenforceable under any applicable statute or rule of law, then such provision shall be deemed inoperative to the extent that it may
conflict therewith and shall be deemed modified to conform with such statute or rule of law. Any such provision which may prove invalid
or unenforceable under any law shall not affect the validity or enforceability of any other provision of any agreement. Each party hereby
irrevocably waives personal service of process and consents to process being served in any suit, action or proceeding in connection with
this Agreement or any other Transaction Documents by mailing a copy thereof via registered or certified mail or overnight delivery (with
evidence of delivery) to such party at the address in effect for notices to it under this Agreement and agrees that such service shall
constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any
right to serve process in any other manner permitted by law.

 

9.10
NO THIRD PARTY BENEFICIARIES. This Agreement is intended for the benefit of the parties hereto and is not for the benefit of,
nor may any provision hereof be enforced by, any other person.

 

[Signature
page follows.]

 

    9

     

    

 

Your
signature on this Signature Page evidences your agreement to be bound by the terms and conditions of the Registration Rights Agreement
as of the date first written above. The undersigned signatory hereby certifies that he has read and understands the Registration Rights
Agreement, and the representations made by the undersigned in this Registration Rights Agreement are true and accurate, and agrees to
be bound by its terms.

 

	 	STRATTNER ALTERNATIVE
    CREDIT FUND LP
	 	 
	 	By: 	/s/
    Timo Bernd Strattner
	 	Name:	Timo Bernd Strattner
	 	Title:	 
	 	 
	 	Sharing Economy
    International inc.
	 	 
	 	By: 	/s/
    Chan Che Chung Anthony
	 	Name:	Chan Che Chung Anthony
	 	Title:	Director

 

 

10Exhibit 10.1

THIRD AMENDMENT This third amendment to the Agreement for the Provision of Online Gaming Management and Consulting Services (“ Third Amendment ”) is dated on August 31 , 2021 (the “ Effective Date ”) and is made between : (1) COMERCIAL DE JUEGOS DE LA FRONTERA, S . A . DE C . V . , a company organized and existing under the laws of Mexico, with registered office at 9800 Boulevard Bernardo Quintana Roo, fourth floor, colonia Centro Sur, Queretaro, Queretaro, Mexico, 76090 (hereafter, “ Permit Holder ”) . (2) GAMING TECHNOLOGIES INC, TERCER CONVENIO MODIFICATORIO Este tercer convenio modificatorio al Contrato de Prestación de Servicios de Administración y Consultoría para Juego en Línea se celebra en fecha 31 de agosto de 2021 (la " Fecha de Inicio de Vigencia "), entre : (1) COMERCIAL DE JUEGOS DE LA FRONTERA, S . A . DE C . V . , empresa constituida y existente bajo las leyes de México, con domicilio social en 9800 Boulevard Bernardo Quintana Roo, cuarto piso, colonia Centro Sur, Querétaro, Querétaro, México, 76090 (en adelante, " Permisionaria" ) . (2) GAMING TECHNOLOGIES INC . , FORMERLY DITO INC., a United States of ANTES DITO INC., una empresa de los America company organized and existing Estados Unidos de América organizada y under the laws of the State of Delaware, with registered office at 413 West 14th existente bajo las leyes del Estado de Delaware, con domicilio social en 413 West Street, New   York, New   York, 10014, 14th Street, Nueva York, Nueva York, (hereafter, “ Manager ”). 10014 (en adelante, " Administradora "). (3) OPERADORA DE ENTRETENIMIENTO  DEL BAJÍO, S.A. DE C.V., a company (3) OPERADORA DE ENTRETENIMIENTO  DEL BAJÍO, S.A. DE C.V., empresa organized and existing under the laws of constituida y existente  bajo las leyes   de Mexico, with registered office at 9800 México, con   domicilio social en   9800 Boulevard Bernardo Quintana  Roo, fourth floor, colonia Centro Sur, Queretaro, Boulevard Bernardo Quintana Roo, cuarto piso, colonia Centro Sur, Querétaro, Queretaro, Mexico, 76090 (hereafter, Querétaro, México, 76090 (en adelante, “ Gaming Operator ”). " Operadora ”). Permit Holder, Manager and Gaming Operator hereafter as the “ Parties ” and individually as the “ Party ” . WHEREAS (A) Permit Holder and Manager entered into an Agreement for the Provision of Online Gaming Management and Consulting Services, dated November 13 , 2020 , under which Manager agreed to provide Permit La Permisionaria, Administradora y Operadora en lo sucesivo como las " Partes " e individualmente como la " Parte " . CONSIDERANDO (A) La Permisionaria y la Administradora firmaron un Contrato para la Prestación de Servicios de Administración y Consultoría de Juegos en Línea, de fecha 13 de noviembre de 2020 , en virtud del cual la Page 1 of 8

    	 

    	 

    

Holder with limited rights to use the Manager Domain Name, Manager Marks and certain betting and gaming software, as well as the provision of certain technical assistance services pursuant to the Platform designed for online gaming purposes, identified as www . vale . mx , www . simba . mx , or any other that the said parties agree (hereinafter the “ Management Agreement ”) . Administradora acordó proporcionar a la Permisionaria, derechos limitados para usar el Nombre de Dominio de la Administradora, la Marca y ciertos programas de apuestas y juegos, así como la prestación de ciertos servicios de asistencia técnica de conformidad con la Plataforma diseñada para fines de juego en línea, identificado como www . vale . mx , www . simba . mx , o cualquier otro pactado por dichas partes (en adelante, el " Contrato de Administración ") . (B) Permit Holder and Manager entered into a first Agreement Modifying the Management Agreement, on January 7 , 2021 , to modify clause 3 . 3 in the terms specified therein (hereinafter the “ First Amendment ”) . (B) La Permisionaria y la Administradora celebraron un primer Convenio Modificatorio al Contrato de Administración, en fecha 7 de enero de 2021 , para modificar la cláusula 3 . 3 en los términos ahí precisados (en adelante, el " Primer Convenio Modificatorio ") . (C) Permit Holder, Manager and Gaming Operator entered into an Accession Agreement dated August 12 , 2021 , whereby Gaming Operator became a party to the Management Agreement, as more elaborated therein (the “ Second Amendment ”) (C) La Permisionaria, la Administradora y la Operadora celebraron en fecha doce de agosto de 2021 un Contrato de Adhesión, en virtud del cual Operadora se volvió parte del Contrato de Administración, según se detalla en dicho acuerdo (el “ Segundo Convenio Modificatorio ”) (D) Permit Holder, Manager and Gaming Operator now wish to enter into a third amendment to the Management Agreement in the terms provided herein (D) La Permisionaria, la Administradora desean ahora celebrar un tercer convenio modificatorio al Contrato de Administración en los términos aquí provistos . IT IS HEREBY AGREED AS FOLLOWS SE ACUERDA LO SIGUIENTE 1. Interpretation . 1. Interpretación . 1 . 1 . All terms defined in the Accession Agreement shall, unless expressly stated to the contrary or if the context otherwise requires, bear the same meaning used in the Management Agreement . 1 . 1 . Todos los términos definidos en el Contrato de Adhesión tendrán, salvo que se indique expresamente lo contrario o si el contexto exige otra cosa, el mismo significado utilizado en el Contrato de Administración . 1.2. In the event of any conflict between the terms  of the Management Agreement, the First and 1.2. En caso de conflicto entre los términos del  Contrato de Administración, el Primer y Segundo Page 2 of 8

    	 

    	 

    

Second Amendments, and the terms of this Third Amendment, the terms of this Third Amendment shall, to the extent of this inconsistency, prevail and be applied . 1 . 4 When reference is made in this Third Amendment to the Management Agreement, it shall be understood that it includes all its amendments . 2. Amendment to Articles 10.1 and 10.2 of the  Management Agreement. 2.1 The Parties agree to amend Articles 10.1 and 10.2 of  the Management Agreement as  follows: 10 . 1 . In consideration of the Manager's ongoing due and proper performance of its obligations and contributions under this Agreement, Manager shall be entitled to receive 75 % (seventy - five percent) of the monthly Gross Gaming Revenue throughout the Term (the “Manager’s Consideration”) . Manager may unilaterally assign its right its right to the Manager’s Consideration to a third party under its Control and shall only give Permit Holder ten calendar day notice of such assignment . 10 . 2 . The remaining percentage ; that is, 25 % (twenty - five percent) of the Gross Gaming Revenue shall correspond to the Permit Holder (the “Permit Holder’s Participation”), to be retained by the Permit Holder from the Online Bank Account pursuant to the following terms : (a) 25% percent for the first three months as of Go - Live. (b) 25 % percent from months four to six as of Go - Live, with a guaranteed participation of USD $ 10 , 000 per month . If in any month within this 3 - month period, the 25 % of Gross Gaming Revenue turns out to be lower than the Convenios Modificatorios, y los términos de este Tercer Convenio Modificatorio, prevalecerán y se aplicarán los términos establecidos en este Tercer Convenio Modificatorio . 1 . 3 . Cuando en este Tercer Convenio Modificatorio se haga referencia al Contrato de Administración, se entenderá que este incluye todas sus modificaciones . 2. Modificación a los Artículos 10.1 y 10.2 del  Contrato de Administración. 2.1 Las Partes acuerdan modificar los Artículos 10.1 y 10.2 del Contrato de Administración para  quedar redactados  en los siguientes términos: 10 . 1 . En contraprestación del debido cumplimiento por parte de la Administradora de sus obligaciones y aportes en virtud de este Contrato de Prestación de Servicios, la Administradora recibirá un 75 % (setenta y cinco por ciento) de los Ingresos Brutos de Juego mensuales durante la Vigencia (la “Contraprestación de la Administradora”) . La Administradora podrá ceder su derecho a la Contraprestación de la Administradora a una tercera persona bajo su Control, bastando la notificación por escrito a la Permisionaria con al menos diez días de anticipación a dicha cesión . 10 . 2 . El porcentaje restante ; es decir, un 25 % (veinticinco por ciento) de la Ganancia Bruta de Juego, corresponderá a la Permisionaria (la “Participación de la Permisionaria”), a ser retenido mensualmente de la Cuenta Bancaria Online conforme a los siguientes términos : (a) 25% por ciento durante los primeros tres meses  a partir  a la Fecha  de Lanzamiento. (b) 25 % por ciento durante los meses cuatro a seis a partir de la Fecha de Lanzamiento, con una participación mensual garantizada de USD $ 10 , 000 . Si en cualquier mes dentro de este periodo de tres meses, el 25 % de la Ganancia guaranteed participation effectively received or Bruta de   Juego resulta menor que   la Page 3 of 8

    	 

    	 

    

Page 4 of 8 retained by Permit Holder under this Article 10 . 2 (b), then Manager shall be entitled to deduct in the future, from any amount corresponding to Permit Holder, the difference between the guaranteed participation effectively received or retained and the 25 % of Gross Gaming Revenue . participación garantizada efectivamente recibida o retenida por la Permisionaria conforme a este Artículo 10 . 2 (b), entonces la Administradora podrá reducir en el futuro, de cualquier monto que corresponda a la Permisionaria, la diferencia entre la participación garantizada efectivamente recibida o retenida, y el 25 % de la Ganancia Bruta de Juego . (c) 25 % percent from months seven to twelve as of Go - Live, with a guaranteed participation of USD $ 25 , 000 per month . If in any month within this 6 - month period, the 25 % of Gross Gaming Revenue turns out to be lower than the guaranteed participation effectively received or retained by Permit Holder under this Article 10 . 2 (c), then Manager shall be entitled to deduct in the future, from any amount corresponding to Permit Holder, the difference between the guaranteed participation effectively paid and the 25 % of Gross Gaming Revenue . (c) 25 % por ciento durante los meses siete a doce a partir de la Fecha de Lanzamiento, con una participación mensual garantizada de USD $ 25 , 000 . Si en cualquier mes dentro de este periodo de seis meses, el 25 % de la Ganancia Bruta de Juego resulta menor que la participación garantizada efectivamente recibida o retenida por la Permisionaria conforme a este Artículo 10 . 2 (c), entonces la Administradora podrá reducir en el futuro, de cualquier monto que corresponda a la Permisionaria, la diferencia entre la participación garantizada efectivamente recibida o retenida, y el 25 % de la Ganancia Bruta de Juego . (d) 25 % as of month thirteen of Go - Live and for the rest of the Term, with a guaranteed participation of USD $ 40 , 000 per month . If in any month within this period, the 25 % of Gross Gaming Revenue turns out to be lower than the guaranteed participation effectively received or retained by Permit Holder under this Article 10 . 2 (d), then Manager shall be entitled to deduct in the future, from any amount corresponding to Permit Holder, the difference between the guaranteed participation effectively paid and the 25 % of Gross Gaming Revenue . (d) 25 % del mes trece en adelante a partir de la Fecha de Lanzamiento y por el resto de la Vigencia, con una participación mensual garantizada de USD $ 40 , 000 . Si en cualquier mes dentro de este periodo, el 25 % de la Ganancia Bruta de Juego resulta menor que la participación garantizada efectivamente recibida o retenida por la Permisionaria conforme a este Artículo 10 . 2 (d), entonces la Administradora podrá reducir en el futuro, de cualquier monto que corresponda a la Permisionaria, la diferencia entre la participación garantizada efectivamente recibida o retenida, y el 25 % de la Ganancia Bruta de Juego . 2 . 2 The Parties hereby acknowledge and agree that any amounts corresponding to Manager’s Consideration paid to Manager under the Management Agreement prior to the Effective Date, shall not be affected by this Third 2 . 2 . Las Partes reconocen y acuerdan que cualesquier cantidades correspondientes a la Contraprestación de la Administradora que hayan sido pagadas a la Administradora conforme al Contrato de Administración previo a la Fecha de

    	 

    	 

    

Amendment and thus Manager may not demand that prior payments are increased to be in accordance with this Third Amendment . 3.1. The Parties agree to add the following Article  to the Management Agreement: 17. Contingency Fund. 17 . 1 Considering that, under this Agreement, Manager is responsible of certain tasks, including paying the Prizes and in general of managing the Player Funds, the Parties have recognized the importance of setting a mechanism to guarantee payment of the Player Funds and in general to have an operational/contingency fund for the Website, for which Manager has shall deposit in the Online Bank Account USD 50 , 000 (“ Contingency Fund ”) . The Contingency Fund will be revisited every three months to evaluate its sufficiency in proportion to the Website’s transactions . 17 . 2 . The Parties acknowledge that an additional guarantee is required for events for which the Contingency Fund renders insufficient . Thus, Manager shall issue a corporate guarantee (“ Corporate Guarantee ”) . Manager will propose to Permit Holder the form which Corporate Guarantee will adopt and it shall guarantee an amount at least equal to five times the Contingency Fund . To the extent that the Contingency Fund is modified, so will be the Corporate Guarantee . The following events will trigger the disbursement of the Contingency Fund (or a portion thereof, as applicable) and/or the execution of the Corporate Guarantee, as applicable : a. In the event that Manager breaches its  obligations under the Agreement regarding Inicio de vigencia, no se verán afectadas por este Tercer Convenio Modificatorio y por lo tanto la Administradora no podrá reclamar que pagos previos sean incrementados para estar acordes con este Tercer Convenio Modificatorio . 3. Addition of Article 17: Contingency Fund and 3. Adición de un Artículo 17: Fondo de  Corporate Guarantee. Contingencia  y Garantía Corporativa. 3.1 Las Partes acuerdan agregar el siguiente  Artículo  al Contrato de Administración: 17. Fondo de Contingencia. 17 . 1 . Considerando que, en términos del Contrato, la Administradora es responsable de ciertas tareas, incluyendo el pago de Premios y en general de la administración de los Fondos de Jugador, las Partes reconocen la importancia de establecer un mecanismo para garantizar el pago de los Fondos de Jugador y en general para tener un fondo operacional/de contingencia para el Sitio Web, para lo cual la Administradora depositará en la Cuenta Bancaria Online, la cantidad de 50 , 000 dólares (el “ Fondo de Contingencia ”) . El Fondo de Contingencia será revisado cada tres meses para evaluar su suficiencia en proporción a las transacciones del Sitio Web . 17 . 2 . Las Partes reconocen que una garantía adicional es requerida para eventos para los cuales el Fondo de Contingencia resulte insuficiente . De este modo, la Administradora emitirá una garantía corporativa (“ Garantía Corporativa ”) . La Administradora propondrá a la Permisionaria la forma que adoptará la Garantía Corporativa, la cual deberá garantizar una cantidad al menos equivalente a cinco veces el Fondo de Contingencia . En la medida en que el Fondo de Contingencia sea modificado, también lo será la Garantía Corporativa . Los siguientes eventos activarán el desembolso del Fondo de Contingencia (o una porción del mismo, según corresponda) y/o la ejecución de la Garantía Corporativa, según corresponda : a. En caso de que la Administradora incumpla  con sus obligaciones conforme al Contrato Page 5 of 8

    	 

    	 

    

Page 6 of 8 payment of Player Funds, but only to the extent that such breach constitutes an  aggregate amount  of US $10,000. relacionadas con el pago de Fondos de Jugador, pero solo en la medida que dicho incumplimiento constituya un monto total de US 10 , 000 . b . In the event of a Website malfunction or error which results in Prizes that Manager is incapable to pay within 36 hours following the Player’s cash - out . b . En caso de un mal funcionamiento o error en el Sitio Web que resulte en Premios que la Administradora sea incapaz de pagar dentro de las 36 horas siguientes al retiro hecho por el Jugador de que se trate . c . In the event that, for any reason (i . e . , negative media involving Manager or the Website), a substantial amount of Players request to cash out their Player Funds and Manager is incapable to attend and complete such requests within a reasonable time . c . En caso de que, por cualquier motivo (ejemplo, notas periodísticas negativas que involucren a la Administradora o el Sitio Web), un número sustancial de Jugadores soliciten el retiro de sus Fondos de Jugador y la Administradora sea incapaz de atender y completar dichas solicitudes dentro de un plazo razonable . d . In the event that Manager breaches its obligations under this Agreement and such breach or breaches result in the imposition to Permit Holder/Gaming Operator of a fine or sanction by SEGOB or any other Mexican Authority, to the extent of the amount of the fine or the amount required by Permit Holder/Gaming Operator to face the relevant sanction without incurring in Losses . d . En caso de que la Administradora incumpla con sus obligaciones conforme al Contrato y dicho incumplimiento resulte en la imposición de una mula o sanción hacia la Permisionaria/Operadora por parte de SEGOB o cualquier otra Autoridad mexicana, limitándose al monto de la multa o el monto que sea necesario para que la Permisionaria/Operadora enfrenten la sanción de que se trate sin incurrir en Pérdidas . e . In the event that Manager breaches its obligations under any contract to which either Permit Holder or Gaming Operator has appeared as principal signatory, and the affected party in that contract initiates a claim against Permit Holder/Gaming Operator, and provided that such claim is not addressed and satisfied by Manager first . e . En caso de que la Administradora incumpla sus obligaciones conforme a cualquier contrato en el que la Permisionaria o la Operadora aparezcan como obligados principales, y la parte contratante afectada inicie una recla m ació n contr a l a Permisionaria/Operadora, siempre que dicha reclamación o haya sido previamente atendida y satisfecha por la Administradora . f . In the event of Losses suffered by Permit Holder/Gaming Operator as a consequence of a breach to Article 9 of the Agreement . f . En caso de Pérdidas sufridas por la Per m isionaria/ A d m inistrador a co m o consecuencia de un incumplimiento al Artículo 9 del Contrato . 4. Continuing Force  and Effect. 4. Alcance y Efectos.

    	 

    	 

    

Page 7 of 8 The Parties agree that, through this Third Amendment, changes and additions are made to the Management Agreement, as reflected herein . The Parties acknowledge and agree that the rest of the Management Agreement is not modified or altered, thus remaining fully enforceable in each and every one of its terms . This Third Amendment is not a novation of the Management Agreement . Las Partes acuerdan que, a través de este Tercer Convenio Modificatorio, se realizan cambios y adiciones al Contrato de Administración, según se reflejan aquí . Las Partes reconocen y aceptan que el resto del Contrato de Administración no se modifica ni altera, quedando así totalmente ejecutable en todos sus términos . Este Tercer Convenio Modificatorio no constituye una novación del Contrato de Administración . 5. Severability. 5. Divisibilidad. If any section of this Third Amendment is found by a court of competent jurisdiction to be invalid, unlawful or unenforceable, then such section shall be severed from the remainder of the Third Amendment, which shall continue to be valid and enforceable to the fullest extent permitted by law . Si un tribunal de jurisdicción competente determina que alguna parte de este Tercer Convenio Modificatorio fes inválida, ilegal o inaplicable, dicha parte se separará del resto del Tercer Convenio Modificatorio, el cual seguirá siendo válido y aplicable en la máxima medida permitida por la ley . 6. Governing  Law and Jurisdiction. 6. Ley Aplicable  y Jurisdicción. This Third Amendment and any extra - contractual obligation arising from or in connection with it will be governed and interpreted in accordance with the established in the Management Agreement . El presente Tercer Convenio Modificatorio y cualquier obligación extracontractual que surja de o esté en conexión con él, se regirán e interpretarán de conformidad a las leyes y a la jurisdicción establecida en el Contrato de Administración . 7. Counterparts. 7. Contrapartes. This Third Amendment may be executed in any number of counterparts, each of which shall be deemed to be an original and all of which together shall be deemed to be one and the same instrument . Este Tercer Convenio Modificatorio podrá firmarse en múltiples tantos, cada uno de los cuales se considerará como un original y todos en su conjunto se considerarán como un único e igual instrumento This Third Amendment has been written in the English language . It may be translated for convenience, into other languages . However, in case of error or disagreement, the executed English language version shall prevail . Este Tercer Convenio Modificatorio ha sido redactado en lengua inglesa ; sin embargo, puede ser traducido por conveniencia a otros idiomas . En caso de error o desacuerdo, prevalecerá la versión en inglés firmada . IN  WITNESS WHEREOF , this  Third  Amendment  has been signed by  the Parties hereto: EN TESTIMONIO DE LO CUAL , las Partes han  firmado este Tercer Convenio Modificatorio:

    	 

    	 

    

“MANAGER” GAMING TECHNOLOGIES INC “ADMINISTRADORA” GAMING TECHNOLOGIES INC By:  Name: Jason Drummond Position: CEO Por:  Nombre: Jason Drummond Cargo: CEO “PERMIT HOLDER” COMERCIAL DE JUEGOS  DE LA FRONTERA, S.A. DE C.V. “PERMISIONARIA” COMERCIAL DE JUEGOS  DE LA FRONTERA, S.A. DE C.V. By:  Name: Emilio Fernando Quiros Moreno  Position: Chief Executive Officer Por:  Nombre: Emilio Fernando Quiros Moreno  Cargo: Gerente  de Operaciones “GAMING OPERATOR” OPERADORA  DE  ENTRETENIMIENTO DEL  BAJIO, S.A.  DE C.V. “OPERADORA” OPERADORA  DE  ENTRETENIMIENTO DEL  BAJIO, S.A.  DE C.V. By:  Name: Position: Por:  Nombre: Cargo: Page 8 of 8

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