Document:

imle_ex105.htm

EXHIBIT 10.5
 
DEBT CONVERSION AND COMMON STOCK 
PURCHASE AGREEMENT
 
This Debt Conversion Common Stock Purchase Agreement (this “Agreement”) is made and entered into effective as of the 23rd day of August, 2019 (the “Effective Date”) by and between TransBiotec, Inc., a Delaware corporation (the “Company”), and Devadatt Mishal, an individual (the “Purchaser”). The Company and Purchaser shall each be referred to as a “Party” and collectively as the “Parties.”
 
RECITALS
 
WHEREAS, beginning on August 6, 2014, the Purchaser began loaning the Company money for a variety of purposes pursuant to the terms of Loan Agreement with Promissory Note and Stock Fees (the “Notes”), which entitled the Purchaser to both the repayment of the principal amount loaned to the Company, with interest, and what was termed in the Notes as a “Stock Fee”;
 
WHEREAS, the Stock Fee allows the Purchaser to acquire a certain number of shares of the Company’s common stock, with the number of shares and the purchase price determined by the loan amount for each Note and the Company’s stock price on the date of the Note;
 
WHEREAS, the Purchaser has the right to acquire Thirteen Million One Hundred Thirty Four Thousand Four Hundred Twenty (13,134,420) shares of the Company’s common stock (the “Shares”) for Fifty Four Thousand Four Hundred Seventy Eight Dollars and One Cent ($54,478.01) (the “Purchase Price”);
 
WHEREAS, the Purchaser desires to acquire the Shares in exchange for the Purchase Price, with the Purchase Price to be paid through a reduction in the amounts the Company owes to the Purchaser under certain of the Notes, pursuant to the terms of this Agreement.
 
NOW, THEREFORE, the Parties hereby agree as follows:
 
AGREEMENT
 
1. PURCHASE OF SECURITIES: 
 
On the Closing Date (as hereinafter defined), subject to the terms and conditions set forth in this Agreement, the Purchaser hereby agrees to purchase, and the Company hereby agrees to sell, Thirteen Million One Hundred Thirty Four Thousand Four Hundred Twenty (13,134,420) shares of the Company’s common stock (the “Shares”) in exchange for Fifty Four Thousand Four Hundred Seventy Eight Dollars and One Cent ($54,478.01) (the “Purchase Price”), with the Purchase Price being paid through a reduction in the amounts the Company owes to the Purchaser under certain of the Notes. A list of the Stock Fees being exercised for the Shares and the Notes that are being extinguished to pay the Purchase Price are outlined on Exhibit A hereto. 
 
	 
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2. CLOSING AND DELIVERY: 
 
a) Upon the terms and subject to the conditions set forth herein, the consummation of the purchase and sale of the Shares (the “Closing”) shall be held simultaneous with the execution of this Agreement, or at such other time mutually agreed upon between the constituent Parties (the “Closing Date”). The Closing shall take place at the offices of counsel for the Company set forth in Section 6 hereof, or by the exchange of documents and instruments by mail, courier, facsimile and wire transfer to the extent mutually acceptable to the Parties hereto.
 
b) At the Closing:
 
(i) The Company and the Purchaser shall execute this Agreement, which shall serve as evidence of ownership of the Shares, free from restrictions on transfer except as set forth in this Agreement. Subsequent to the Closing, at a time chosen by the Company in its sole discretion, the Company will issue a stock certificate to the Purchaser to evidence the Shares. 
 
(ii) The Purchaser shall deliver to the Company the Purchase Price through the delivery of the signed Notice of Debt Satisfaction in form attached hereto as Exhibit B.
 
3. REPRESENTATIONS, WARRANTIES AND AGREEMENTS BY PURCHASER: The Purchaser hereby represents, warrants and agrees as follows:
 
a) Purchase for Own Account. Purchaser represents that he is acquiring the Shares solely for his own account and beneficial interest for investment and not for sale or with a view to distribution of the Shares or any part thereof, has no present intention of selling (in connection with a distribution or otherwise), granting any participation in, or otherwise distributing the same, and does not presently have reason to anticipate a change in such intention.
 
b) Ability to Bear Economic Risk. Purchaser acknowledges that an investment in the Shares involves a high degree of risk, and represents that he is able, without materially impairing his financial condition, to hold the Shares for an indefinite period of time and to suffer a complete loss of his investment.
 
	 
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c) Access to Information. The Purchaser acknowledges that the Purchaser has been furnished with such financial and other information concerning the Company, the directors and officers of the Company, and the business and proposed business of the Company as the Purchaser considers necessary in connection with the Purchaser’s investment in the Shares. As a result, the Purchaser is thoroughly familiar with the proposed business, operations, properties and financial condition of the Company and has discussed with officers of the Company any questions the Purchaser may have had with respect thereto. The Purchaser understands:
 
(i) The risks involved in this investment, including the speculative nature of the investment;
 
(ii) The financial hazards involved in this investment, including the risk of losing the Purchaser’s entire investment;
 
(iii) The lack of liquidity and restrictions on transfers of the Shares; and
 
(iv) The tax consequences of this investment.
 
The Purchaser has consulted with the Purchaser’s own legal, accounting, tax, investment and other advisers with respect to the tax treatment of an investment by the Purchaser in the Shares and the merits and risks of an investment in the Shares.
 
d) Shares Part of Private Placement. The Purchaser has been advised that the Shares have not been registered under the Securities Act of 1933, as amended (the “Act”), or qualified under the securities law of any state, on the ground, among others, that no distribution or public offering of the Shares is to be effected and the Shares will be issued by the Company in connection with a transaction that does not involve any public offering within the meaning of section 4(a)(2) of the Act and/or Regulation D as promulgated by the Securities and Exchange Commission under the Act, and under any applicable state blue sky authority. The Purchaser understands that the Company is relying in part on the Purchaser’s representations as set forth herein for purposes of claiming such exemptions and that the basis for such exemptions may not be present if, notwithstanding the Purchaser’s representations, the Purchaser has in mind merely acquiring the Shares for resale on the occurrence or nonoccurrence of some predetermined event. The Purchaser has no such intention.
 
e) Further Limitations on Disposition. Purchaser further acknowledges that the Shares are restricted securities under Rule 144 of the Act, and, therefore, if the Company, in its sole discretion, chooses to issue any certificates reflecting the ownership interest in the Shares, those certificates will contain a restrictive legend substantially similar to the following:
 
	 
	THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”). THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT AS TO THE SECURITIES UNDER THE ACT OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.
	 

 
	 
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Without in any way limiting the representations set forth above, Purchaser further agrees not to make any disposition of all or any portion of the Shares unless and until:
 
(i) There is then in effect a Registration Statement under the Act covering such proposed disposition and such disposition is made in accordance with such Registration Statement; or
 
(ii) Purchaser shall have obtained the consent of the Company and notified the Company of the proposed disposition and shall have furnished the Company with a detailed statement of the circumstances surrounding the proposed disposition, and if reasonably requested by the Company, Purchaser shall have furnished the Company with an opinion of counsel, reasonably satisfactory to the Company, that such disposition will not require registration under the Act or any applicable state securities laws.
 
Notwithstanding the provisions of subparagraphs (i) and (ii) above, no such registration statement or opinion of counsel shall be necessary for a transfer by such Purchaser to a partner (or retired partner) of Purchaser, or transfers by gift, will or intestate succession to any spouse or lineal descendants or ancestors, if all transferees agree in writing to be subject to the terms hereof to the same extent as if they were Purchasers hereunder as long as the consent of the Company is obtained.
 
f) Sophisticated Investor Status. The Purchaser is a sophisticated investor. 
 
g) No Backup Withholding. The Social Security Number or taxpayer identification shown in this Agreement is correct, and the Purchaser is not subject to backup withholding because (i) the Purchaser has not been notified that he or she is subject to backup withholding as a result of a failure to report all interest and dividends or (ii) the Internal Revenue Service has notified the Purchaser that he or she is no longer subject to backup withholding.
 
4. REPRESENTATIONS, WARRANTIES AND AGREEMENTS BY COMPANY: The Company hereby represents, warrants and agrees as follows:
 
a) Authority of Company. The Company has all requisite authority to execute and deliver this Agreement and to carry out and perform its obligations under the terms of this Agreement.
 
b) Authorization. All actions on the part of the Company necessary for the authorization, execution, delivery and performance of this Agreement by the Company and the performance of the Company’s obligations hereunder has been taken or will be taken prior to the issuance of the Shares. This Agreement, when executed and delivered by the Company, shall constitute valid and binding obligations of the Company enforceable in accordance with their terms, subject to laws of general application relating to bankruptcy, insolvency, the relief of debtors and, with respect to rights to indemnity, subject to federal and state securities laws. The issuance of the Shares will be validly issued, fully paid and nonassessable, will not violate any preemptive rights, rights of first refusal, or any other rights granted by the Company, and will be issued in compliance with all applicable federal and state securities laws, and will be free of any liens or encumbrances, other than any liens or encumbrances created by or imposed upon the Purchaser through no action of the Company; provided, however, that the Shares may be subject to restrictions on transfer under state and/or federal securities laws as set forth herein or as otherwise required by such laws at the time the transfer is proposed.
 
	 
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c) Governmental Consents. All consents, approvals, orders, or authorizations of, or registrations, qualifications, designations, declarations, or filings with, any governmental authority required on the part of the Company in connection with the valid execution and delivery of this Agreement, the offer, sale or issuance of the Shares, or the consummation of any other transaction contemplated hereby shall have been obtained, except for notices required or permitted to be filed with certain state and federal securities commissions, which notices will be filed on a timely basis.
 
5. INDEMNIFICATION: The Purchaser hereby agrees to indemnify and defend the Company and its officers and directors and hold them harmless from and against any and all liability, damage, cost or expense incurred on account of or arising out of:
 
(a) Any breach of or inaccuracy in the Purchaser’s representations, warranties or agreements herein;
 
(b) Any disposition of any Shares contrary to any of the Purchaser’s representations, warranties or agreements herein;
 
(c) Any action, suit or proceeding based on (i) a claim that any of said representations, warranties or agreements were inaccurate or misleading or otherwise cause for obtaining damages or redress from the Company or any director or officer of the Company under the Act, or (ii) any disposition of any Shares.
 
6. MISCELLANEOUS:
 
a) Binding Agreement. The terms and conditions of this Agreement shall inure to the benefit of and be binding upon the respective successors and assigns of the Parties. Nothing in this Agreement, expressed or implied, is intended to confer upon any third party any rights, remedies, obligations, or liabilities under or by reason of this Agreement, except as expressly provided in this Agreement.
 
b) Governing Law; Venue. This Agreement shall be governed by and construed under the laws of the State of California as applied to agreements among California residents, made and to be performed entirely within the State of California. The Parties agree that any action brought to enforce the terms of this Agreement will be brought in the appropriate federal or state court having jurisdiction over Orange County, California, United States of America.
 
c) Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
 
	 
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d) Titles and Subtitles. The titles and subtitles used in this Agreement are used for convenience only and are not to be considered in construing or interpreting this Agreement.
 
e) Notices. All notices required or permitted hereunder shall be in writing and shall be deemed effectively given: (a) upon personal delivery to the Party to be notified, (b) when sent by confirmed facsimile if sent during normal business hours of the recipient, if not, then on the next business day, or (c) one (1) day after deposit with a nationally recognized overnight courier, specifying next day delivery, with written verification of receipt. All communications shall be sent as follows:
 
	 
	If to the Company:
	TransBiotec, Inc.
400 N. Tustin Ave., Suite 225
Santa Ana, CA 92705 
Attn. Chief Executive Officer
Facsimile (___) _____________

	 
	 
	 

	 
	with a copy to:
	Law Offices of Craig V. Butler
300 Spectrum Center Drive, Suite 300
Irvine, CA 92618
Attn: Craig V. Butler, Esq.
Facsimile (949) 209-2545

	 
	 
	 

	 
	If to Purchaser:
	Devadatt Mishal
__________________
__________________
Facsimile (___) _______________

 
or at such other address as the Company or Purchaser may designate by ten (10) days advance written notice to the other Party hereto.
 
f) Modification; Waiver. No modification or waiver of any provision of this Agreement or consent to departure therefrom shall be effective unless in writing and approved by the Company and the Purchaser.
 
g) Entire Agreement; Successors. This Agreement and the Exhibits hereto constitute the full and entire understanding and agreement between the Parties with regard to the subjects hereof and no Party shall be liable or bound to the other Party in any manner by any representations, warranties, covenants and agreements except as specifically set forth herein. The representations, warranties and agreements contained in this Agreement shall be binding on the Purchaser’s successors, assigns, heirs and legal representatives and shall inure to the benefit of the respective successors and assigns of the Company and its directors and officers.
 
h) Expenses. Each Party shall pay their own expenses in connection with this Agreement. In addition, should either Party commence any action, suit or proceeding to enforce this Agreement or any term or provision hereof, then in addition to any other damages or awards that may be granted to the prevailing Party, the prevailing Party shall be entitled to have and recover from the other Party such prevailing Party’s reasonable attorneys’ fees and costs incurred in connection therewith.
 
i) Currency. All currency is expressed in U.S. dollars.
 
	 
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IN WITNESS WHEREOF, the Parties have executed this Debt Conversion and Common Stock Purchase Agreement as of the date first written above.
 
	“Company”
	 
	“Purchaser”
	 

	 	 
	 
	 

	TransBiotec, Inc.
	 
	Devadatt Mishal,
	 

	a Delaware corporation
	 
	an individual
	 

	 	 
	 	 

		 
	 
	 

	By: Charles Bennington
	 
	Devadatt Mishal
	 

	Its: Chief Executive Officer
	 
		 

 
	 
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Exhibit A
 
List of Notes and Stock Fees
 
	Date of Note
	Principal and Interest
Due Under Note
	Stock Fee (Shares)
	Amount of Note Used as
Purchase Price
	Amount Due Under Note
After Purchase Price(1)

					 

	8/6/2014
	$14,550
	612,245
	$13,432.88
	$0

	11/16/2016
	$3,750
	1,500,000
	$30,804.79
	$0

	1/17/2017
	$15,000
	2,500,000
	$10,240.34
	$20,139.80

	8/14/2017
	$3,900
	169,014
	$0
	$2,315.89

	9/18/2017
	$40,000
	230,769
	$0
	$2,296.71

	10/19/2017
	$20,000
	240,000
	$0
	$2,279.73

	2/20/2018
	$20,000
	739,535
	$0
	$5,859.77

	2/27/2018
	$10,000
	2,142,857
	$0
	$16,555.48

	4/17/2018
	$5,000
	5,000,000
	$0
	$38,159.59

					 

	Total:
	 
	13,134,420
	$54,478.01
	

 
(1) As of August 23, 2019.
 
	 
	Exhibit A

	
 
	 

 
Exhibit B
 
Notice of Debt Satisfaction
  	 
	Exhibit B

	
 
	 

 
Notice of Debt Satisfaction
 
Pursuant to the terms of that certain Debt Conversion and Stock Purchase Agreement (the “Agreement”) by and between Devadatt Mishal, an individual (the “Purchaser”), and TransBiotec, Inc., a Delaware corporation (the “Company”) dated August 23, 2019, the Purchaser is irrevocably electing to convert the amounts due under certain Loan Agreement with Promissory Note and Stock Fees listed on Exhibit A hereto (the “Notes”) entered into between the Company and the Purchaser totaling $54,478.01 into 13,134,420 shares of common stock of the Company (the “Shares”) according to the conditions set forth in the Agreement.
 
If shares are to be issued in the name of a person other than the Purchaser, the Purchaser will pay all transfer and other taxes and charges payable with respect thereto.
 
The Purchaser acknowledges and agrees that upon receipt of the Shares only the amount indicated on Exhibit A will be due and owing to the undersigned under the Notes.
 
Date of Conversion: August 23, 2019                                                                                          
 
Effective Conversion Price: $0.0043 /share                                                                                
 
Devadatt Mishal
 
Signature: _________________________________________________________
[Print Name of Holder and Title of Signer]
 
Address: __________________________________________________________
                 
                 __________________________________________________________
 
SSN or EIN: ________________________________________________________
 
Shares are to be registered in the following name:
 
Name: ____________________________________________________________
Address: __________________________________________________________
Tel: ______________________________________________________________
Fax: ______________________________________________________________
SSN or EIN: ________________________________________________________
 
	 
	Exhibit B

	
 
	 

 
Exhibit A
 
List of Notes and Stock Fees
 
	Date of Note
	Principal and Interest
Due Under Note(1)
	Amount of Note Used
as Purchase Price
	Amount Due Under Note
After Purchase Price(1)

				 

	8/6/2014
	$14,550
	$13,432.88
	$0

	11/16/2016
	$3,750
	$30,804.79
	$0

	1/17/2017
	$15,000
	$10,240.34
	$20,139.80

 
(1) As of August 23, 2019
 
 
	Exhibit BExhibit 10.1

 

  

CONSULTING
AGREEMENT

  

咨 询 协 议

  

THIS
CONSULTING AGREEMENT (the “Agreement”) is made and entered into as of August 16, 2019, by and between RETO ECO-SOLUTIONS,
INC.(NASDAQ:RETO) (the
“Company”) and FirsTrust Group, Inc. (Chinese name:鼎泰信诚集团公司)
(the “Consultant”).

 本《咨询协议》(以下称“本协议”)由瑞图生态股份公司(纳斯达克代码:RETO)(以下称“公司”)与美国鼎泰信诚集团公司(英文名称:FirsTrust
Group, Inc.)(以下称“顾问”)于2019年
8月16日签订。

 

The Company and the
Consultant are collectively referred to as the “Parties” and individually a “Party” herein.

本协议中,公司和顾问统称为“双方”,单独称为“一方”。

 

WHEREAS, Consultant
is capable of providing professional consulting and advisory services for the management, operation and business development of
the Company and its affiliates; and

鉴于,顾问有能力向公司及其关联方提供专业的管理、运营及业务发展的咨询服务;

 

WHEREAS, the Company
intends to retain the Consultant to provide consulting services to the Company and its affiliates and the Consultant intends to
provide such services;

公司有意聘请顾问提供咨询服务,顾问有意提供该等服务;

 

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NOW, WHEREFORE,
in consideration of the mutual promises and covenants set forth in this Agreement, the receipt and sufficiency of which are hereby
acknowledged, the Parties agree as follows:

有鉴于此,本着公平互惠的原则,双方共同承认本合同,双方达成协议如下:

 

		1.	Term. The term
                                         of this Agreement shall be twelve (12) months, commencing on August 16, 2019 and ending
                                         on August 15, 2020. (the “Term”);

合同期限。
本协议期限为十二(12)个月,自2019年8月16日起始,至2020年8月15日终止(以下称“顾问合同期”);

 

		2.	Scope of Advice and Services.
                                         The Company agrees to engage the Consultant to be one of its independent financial
                                         advisors and provide the following services:

咨询服务范围。
公司同意聘请顾问作为其独立财务顾问并提供下列服务:

 

		a)	assisting the Company in planning
                                         and implementing new business plans with the objective of improving the Company’s
                                         long-term growth and delivering value to shareholders;

协助公司策划和执行未来发展计划,
以促进公司的长期增长,为股东创造价值;

 

		b)	advising the Company’s board
                                         of directors and management on all matters (such as opportunity and risk assessment,
                                         internal control and etc.) as related to positioning the Company for its next stage of
                                         growth;

为公司董事会和管理层提供一切有利于公司下步发展的咨询(比如商机与风险的评估、公司内控等);

 

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		c)	identifying prospective joint venture
                                         and strategic alliance opportunities for the Company (both inside and outside China),
                                         helping the Company to negotiate agreements, and advising the Company on mergers and
                                         acquisitions;

协助公司在海内外寻找合资或战略合作伙伴,并协助公司商谈具体合同,以及为公司的兼并收购提供咨询服务;

 

		d)	working with the Company’s internal
                                         and external professional advisors to ensure the Company complies with all the laws,
                                         regulations and rules applicable to it for being a U.S. listed company;

与公司内部和外部专业顾问合作,确保公司作为一家美国上市公司符合全部适用于公司的法律、法规和规则;

 

		e)	identifying potential merger and acquisition
                                         targets for the Company, and provide necessary business analysis, evaluation and due
                                         diligence with regard to the targeted companies as requested by the Company, as well
                                         as advising the Company on specific mergers/acquisitions matters or transactions.

为公司物色潜在的兼并收购对象,并根据公司的要求针对目标公司提供必要的业务分析、评估以及尽职调查,同时向公司提供特定兼并收购事项或交易的顾问服务。

 

		3.	Consultant’s Availability.
                                         During the Term, the Company shall be entitled to request the Consultant’s services
                                         at commercially reasonable times and upon commercially reasonable notice. The Consultant’s
                                         services are not exclusive to the Company and the Consultant has the right to perform
                                         services for other persons or entities. However, the Consultant shall notify the Company
                                         immediately if it performs consulting services for any other person or entity that could
                                         conflict with its obligations under this Agreement. Upon receiving such notice, the Company
                                         may terminate this Agreement or consent to the Consultant’s outside consulting activities.
                                         The Company’s failure to give the Consultant a notice to terminate this Agreement
                                         within thirty (30) days from receiving a written notice of a potential or actual conflict
                                         of interest from the Consultant, shall constitute the Company’s ongoing consent
                                         to the Consultant’s outside consulting services.

利益冲突.
在顾问合同期内,公司有权在商业上合理的时间通过商业上合理的通知要求顾问提供服务。顾问不只为公司提供独家服务,顾问有权为其他个人或实体提供服务。但是,如果顾问为其他个人或实体提供的服务与其在本协议项下义务存在利益冲突,顾问必须立即通知公司,公司接到通知后有权解除本协议或允许顾问开展其他业务。若公司在接到顾问发出的关于潜在的或实际的利益冲突的书面通知之日起三十(30)日内没有通知顾问解除本协议,即代表公司允许顾问进行其它的业务。

 

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		4.	No Authority to Bind Company.
                                         The Consultant shall not sign any agreement, contract or letter of intent for the
                                         Company without the Company’s prior written consent. The Company’s agent
                                         shall not have the power to bind the Company or to commit the Company to any legal obligation,
                                         unless the Consultant is provided with written authority by the Company.

顾问权限.
在没有得到公司事先书面同意之前,顾问无权代表公司对外签署任何协议、合同或意向书。除非公司出具书面授权,顾问无权使公司或承诺公司将受约束于任何法律义务。

 

		5.	Compensation.
                                         In exchange for Consultant’s agreeing to provide the advice and services described in
                                         this Agreement, the Company shall compensate the Consultant as follows:

报酬。
作为顾问同意提供本协议描述的咨询服务的对价,公司同意按以下方式向顾问支付报酬:

 

		a)	Four hundred thousand (400,000)
                                         shares of the Company’s common shares, $0.001 par value, bearing a restrictive legend
                                         under the Securities Act of 1933, as amended (the “Shares”) as total compensation
                                         in lieu of cash fee for Consultant’s services to the Company. The Shares shall
                                         be issued to the Consultant in one lump sum payment, and the Company shall use its best
                                         efforts to cause the Shares to be issued to the Consultant within twenty days from signing
                                         of this Agreement. All Shares issued to the Consultant shall be deemed to have been earned
                                         upon issuance (with full consideration provided). Consultant is an accredited investor
                                         as that term is defined in Rule 501(a) under the Securities Act of 1933; and the Consultant
                                         is accepting the Shares for long-term investment purposes, and not with a view to resale
                                         or distribution. The Consultant further represents that neither it nor any of its Rule
                                         506(d) Related Parties is a “bad actor” within the meaning of Rule 506(d).
                                         For purposes of this Agreement, “Rule 506(d) Related Party” shall mean a
                                         person or entity covered by the “Bad Actor disqualification” provision of
                                         Rule 506(d). For the avoidance of doubt, the parties agree that for the purposes of Rule
                                         144 of the Securities Act of 1933, as amended, the holding period of the Shares shall
                                         commence upon issuance of the Shares. The Consultant shall not, from the date of execution
                                         of this Agreement and continuing to and including the date 360 days after the execution
                                         of this Agreement (the “Lock-Up Period”), (i) offer, pledge, announce the
                                         intention to sell, sell, contract to sell, sell any option or contract to purchase, purchase
                                         any option or contract to sell, grant any option, right or warrant to purchase or otherwise
                                         transfer or dispose of, directly or indirectly, any Shares or any securities convertible
                                         into or exercisable or exchangeable for Shares or (ii) enter into any swap or other agreement
                                         that transfers, in whole or in part, any of the economic consequences of ownership of
                                         the Shares, whether any such transaction described in clause (i) or (ii) above is to
                                         be settled by delivery of Shares or such other securities, in cash or otherwise.

支付顾问共计40万股的公司的普通股,每股面值为0.001美元,带有1933年证券法(经不时修订)下的限制的股票(以下统称“股票”)作为顾问服务费用,取代顾问给公司提供服务的现金费用。在本协议签署日后二十日内,该等股票须被一次性发行给顾问且公司须尽其最大努力促使该等股票被发行给顾问。所有股票在发行后即被视为已全额支付(全部对价已被提供)。顾问为一名1933年证券法第501条(a)款下所定义的已获得官方认可的投资者;且该顾问接受股票的目的为长期投资,并非以转售或分配为目的。该顾问进一步表明,其与第506条(d)款下所定义的其关联方均非第506条(d)款下所述之“恶意行为人”。为本协议之目的,“第506条(d)款关联方”指第506条(d)款中“被取消资格的恶意行为人”定义下的人或实体。为避免疑义,双方同意为1933年证券法(经不时修订)第144条之目的,股票的持股期限将从股票发行之日起算。自本协议签署之日起至签
署后第360日止(包括第360日)的期间内(以下称“锁定期”),顾问不得:(i)
要约、质押、宣布出售意向、出售、协议出售、出售任何期权或协议购买、购买任何期权或协议出售、授予任何期权、购买权或购买的保证,或直接或间接转让或处置任何股票或任何可转换为、可行使或可转换为股票的证券,或(ii)订立任何能导致经济后果为全部或部分转让股票所有权的任何掉期或其他协议,不论上述条款(i)与条款(ii)中所述的任何此类交易是否将以现金或其他形式通过交付股票或其他此类证券的方式被结清。

 

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		b)	Within the Term of this Agreement,
                                         the Company agrees to engage Consultant or its U.S. broker/dealer affiliate, FT Global
                                         Capital to act as an investment bank or placement agent and will pay a finder’s
                                         fee if it receives any equity or debt investment in connection with the Consultant’s
                                         introduction or effort. The finder’s fee will include a cash placement fee equal
                                         to 8% of the total cash raised, plus 10% warrant coverage. The details will be addressed
                                         in a separate financing agreement signed by both Parties.

本协议顾问合同期内,公司同意聘请顾问或其美国券商机构FT
Global Capital担任投资银行或配售代理。如果公司从顾问介绍的投资者处获得股权融资或债务融资,公司应支付相当于融资总额8%的现金加10%的认股权证。具体内容会在双方另行签署的一份单独的融资协议中列明。

 

		6.	Type of Relationship.
                                         It is agreed that the Consultant is not the Company’s employee, agent or representative,
                                         and this Agreement does not constitute an employer-employee relationship or a partnership.
                                         The consultant shall pay federal, state and local income taxes and other taxes. Save
                                         for otherwise required by any applicable laws, the Company shall not deduct any federal
                                         and state income taxes, social security tax, unemployment tax, and employment insurance
                                         from the payments due hereunder to the Consultant.

双方关系.
双方同意,顾问并非公司的职员或代表,本协议不构成任何有关雇主和员工的关系或者合伙关系。顾问应支付任何联邦、州及地方的所得税及其它税金。除非任何适用法律另有规定,公司不会从顾问的收入中扣除任何联邦及州的所得税、社会安全税、失业税以及劳工保险,所有这一切将由顾问自己向政府上报和支付。

 

		7.	No Licensed Advice or
                                         Services. The Company agrees that the Consultant is not:

(a) rendering legal advice;

(b) performing accounting services

(c) acting as an investment
advisor; or

(d) acting as a broker-dealer
within the meaning of any United States federal and state securities laws.

非执照型咨询或服务.
由于以下服务需要相关准入执照,故公司理解顾问不提供:

(a)、法律意见;

(b)、会计服务;

(c)、理财服务;或者

(d)、任何美国联邦或州证券法律规定的经纪商服务

 

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		8.	No Guaranty. The
                                         Company agrees that Consultant cannot guarantee the results or effectiveness of any services
                                         the Consultant provides. Rather, the Consultant shall use its commercially reasonable
                                         efforts to provide advice and conduct its services in a professional manner and according
                                         to good industry practice.

非承诺声明.
公司理解并同意顾问的服务不能保证最终结果或影响。然而,顾问应以职业的态度和行业经验尽最大努力为公司提供服务。

 

		9.	Confidentiality. The
                                         Consultant agrees that any information, such as the Company and its affiliates’
                                         business, operations or future plans shall be kept confidential. Without the Company’s
                                         prior written consent, the Consultant shall not disclose confidential information to
                                         any third party, except for the Company’s lawyers, accountants, commercial bankers
                                         and investment bankers. The Consultant also agrees to sign a commercially reasonable
                                         Confidentiality Agreement and Insider Trading Policy.

保密条款.
顾问同意严守有关公司以及其下属子公司业务、运作或前景情况的秘密,未经公司事先书面同意,除公司的律师、审计师、商业及投资银行外,不得向任何第三方泄露公司的商业秘密以及其它保密信息。顾问同意签署合理的商业保密协议,以及禁止内部交易协议。

 

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		10.	Termination

		(a)	Unless being extended in accordance with
                                         this Agreement, this Agreement shall terminate upon the expiration of the Term.

		(b)	Through mutual agreement by the Parties,
                                         this Agreement may be terminated prior to the expiration of the Term.

		(c)	The Company is entitled to terminate this
                                         Agreement according to Article 3 of this Agreement prior to the expiration of the Term.

终止.

(a)除非依据本协议续展,本协议至顾问服务期届满之日终止。

(b)经双方协商一致,可以提前终止本协议。

(c)公司可根据本协议第3条提前终止本协议。

 

		11.	No Assignment.
                                         Any attempt to assign this Agreement shall be null and void.

禁止转让.
任何试图将本协议转让给第三方的行为都将被视为无效行为。

 

		12.	Written Modification.
                                         Any modification, deletion or addition to this Agreement requires the written consent
                                         of both Parties before it becomes effective. This Agreement is also binding upon the
                                         heirs, trustees, and other legal representatives of both Parties.

书面修改.
有关本协议的任何增删或改动须经双方书面确认后才能最终生效。本协议同样对双方继承人、受托人或其他形式的法定代理人有效。

 

		13.	Entire Agreement.
                                         This Agreement contains the entire understanding between the Parties hereto regarding
                                         the transactions described hereby. It replaces all other agreements between the Parties
                                         regarding the Consultant’s services performed for the Company.

完整协议.
本协议包括了双方在此提到的有关交易的所有理解,也将取代任何双方关于顾问向公司提供服务的在先约定。

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		14.	Governing Law and Jurisdiction.
                                         This Agreement shall be governed and construed according to the laws of State of
                                         New York and subject to the jurisdiction of New York’s courts.

适用法律和管辖权。本协议按照美国纽约州法律规定遵守并执行,受纽约州法院管辖。

 

		15.	Resolving Disagreements. Any dispute arising
                                         out of or relating to this Contract failed to be resolved by the Parties through good
                                         faith negotiation shall be submitted to the Judicial Arbitration and Mediation Services
                                         (“JAMS”) in New York to arbitrate the disagreement.

争议解决.
因本合同产生的或与本合同有关的任何争议,如双方未能通过友好协商解决的,应被提交至美国司法仲裁会(“JAMS”)在纽约市进行仲裁或调解。

 

		16.	Counterparts.
                                         This Agreement may be executed in more than two counterparts, each of which shall be
                                         enforceable against the Parties executing such counterparts, and all of which together
                                         shall constitute a single document. Except as otherwise stated herein, a facsimile transmission
                                         or copy of the signed original documents shall be as effective and enforceable as the
                                         original.

合同副本.
本协议可允许有两份以上同时签字的相同版本,每一版本都可以视为本协议的原件。除非本协议另有约定,经签署的原件的传真件或复制件将视为原件并即时生效。

 

		17.	Signing. If this
                                         Agreement is consistent with your understanding, please sign the enclosed copy of it
                                         in the space indicated below and return it to the undersigned. This Agreement is effective
                                         immediately after signed.

签署.
如果双方理解并同意以上条款,请在本协议签章处签署。本协议在双方签署后立即生效。

 

		18.	Public Filing.
                                         The Consultant acknowledges that the Company may file this Agreement with the SEC as
                                         an exhibit to a Form 6-K and other filings with the SEC.

 

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	RETO ECO-SOLUTIONS, INC.	FirsTrust Group, Inc.
	瑞图生态股份公司

         

        Representative:

        代表人: 

         
	鼎泰信诚集团公司

         

        Representative:

        代表人:

	Signature	Signature
	签字 	/s/ Dai Guangfeng	 	签字	/s/ Patrick Ko	 
	 

        Date

        日期         8/16/2019
	 

        Date

        日期        8/16/2019

 

 

9

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