Document:

Exhibit 10.2

 

 

 

 

DATE: 11th of
March 2020

 

 

 

 

 

(1) EC ADVERTISING LIMITED

 

and

 

(2) LI
KWOK WAI JACQUELINE

 

 

 

 

 

 

 

 

CONSULTANCY AGREEMENT

 

 

 

     

    	 

    

 

THIS
AGREEMENT dated 11th of March 2020

 

		BETWEEN:	

 

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

 

		(2)	LI KWOK WAI JACQUELINE, whose Hong Kong Identity Card number is D411507(5) and address is
Flat 40E, Tower 3, Island Resort, 28 Siu Sai Wan Road, Chai Wan, Hong Kong (“Consultant”).

 

WHEREAS

 

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

 

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

 

IT
IS HEREBY AGREED that:

 

		1.	Services

 

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

		(i)	to work with Mr Calvin Leung in closing the M&A deal of JEBE PRODUCTION GROUP LTD located at
Room 104-107, Sui Fai Factory Estate, 5-13 Shan Mei Street, Fo Tan

 

		1.2	The Consultant shall report to the CEO of EC Advertising (or such other person as shall be agreed
between both parties).

 

		1.3	The Consultant’s working title will be Independent Sales Agent of the Company.

 

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

 

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		2.	Fee

 

		2.1	Subject to Clause 4.3, the fee for the Services to be provided for the Tenure defined in Clause
4.1 shall be paid by the Company causing SEII to issue to the Consultant a total of 531,600 series A convertible preferred stocks
of SEII at a par value of US$0.001 each (“Shares”) as more fully described below:

-
within 30 days from the date of this Agreement (or such longer period as shall be required to fulfil the requirements under the
relevant laws, regulations and rules in the United States of America for the issue of the Shares),

provided
that this Agreement is not terminated prior to any of the issuances of Shares above.

 

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

 

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

 

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

 

		3.	Expenses

 

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

 

		4.	Tenure

 

		4.1	This Agreement commences on 11th March 2020 (“Commencement Date”) and shall
expire on 31st March 2020 (or such later date as shall be agreed between both parties in writing) (“Expiry Date”).
In this Agreement, “Tenure” means the period from the Commencement Date to the Expiry Date (inclusive of both dates).

 

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

 

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

 

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

 

		5.	Independent Contractor

 

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

 

		6.	Non-Competition

 

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

 

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

 

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

 

		7.	Intellectual property

 

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

 

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

 

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

 

		7.4	The following definitions apply to Clauses 7 and 8:

 

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

 

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

 

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

 

		8.	Confidentiality

 

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

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

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

 

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

		(i)	for the purpose of performing the Agreement;

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

		(iii)	of Confidential Information which:

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

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

 

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

 

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		9.	Construction

 

In this Agreement,
unless the context otherwise requires:

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

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

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

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

 

		10.	Entire agreement

 

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

 

		11.	Waiver

 

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

 

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

 

		12.	Severance

 

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

 

		13.	Notices

 

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

 

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

 

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

 

	 	
        To the Company:

	
        M03, 3/F, Eton Tower

        No.8 Hyson Avenue, Causeway Bay, Hong Kong

        Email: parkson.yip@seii.com

        Attention: Mr Parkson Yip

         

	 	To the Consultant:	
        Flat 40E, Tower 3, Island Resort

        28 Siu Sai Wan Road, Chai Wan

        Hong Kong

        Email: jackiemk.138@gmail.com

        Attention: Jacqueline Li

 

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

 

		14.	Assignment

 

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

 

		15.	Laws and Arbitration

 

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

 

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

 

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

 

	For and on behalf of	)	 	 
	the Company	)	 	 
	and signed by Carmen Lam,	)	 	 
	Director)	 	 	 
	 	 	 	 
	Signed by	)	 	 
	the Consultant, Jacqueline Li	)	 	 

 

 

- 7 -Exhibit 10.3

 

THIS
JOINT VENTURE AGREEMENT (the “Agreement” or this “Joint Venture Agreement”), is made and entered into
as of this March 12, 2020, by and between EC Rental Limited (hereinafter “EC Rental”), a BVI corporation, with a registered
office located at Sea Meadow House, Blackburne Highway, Road Town, Tortola, British Virgin Islands, and Hong Kong Solar Engineering
Limited (hereinafter “HK Solar”) , a Hong Kong corporation, with a registered office located at Flat A, 25/F, Block
3, Golden Dragon Industrial Centre, 172-180 Tai Lin Pai Road, Kwai Chung, New Territories.

 

WHEREAS,
“EC Rental” is in the business of rental business, and

 

WHEREAS,
“HK Solar” is in the business of solar engineering, and

 

WHEREAS,
the parties desire to establish between them a joint venture in order to collaborate in marketing the rental service of solar
equipments,

 

NOW,
THEREFORE, in consideration of the foregoing, and of the mutual covenants and commitments set forth herein, the parties hereto
agree as follows:

 

1.
FORMATION

 

The
joint venture formed by this Agreement (the “Joint Venture”) will conduct its business under the name EC Solar Limited,
and will have its registered address at Hong Kong. The Joint Venture shall be considered a joint venture between the Parties in
all respects, and in no event shall this Agreement be construed to create a partnership or any other fiduciary relationship between
the Parties.

 

2.
PURPOSE

 

The
Joint Venture shall be formed for the purpose of promoting solar equipments rental services.

 

     

     

    

 

3.
CONTRIBUTIONS

 

The
Parties hereto shall each make an initial contribution to the Joint Venture as follows:

 

		1.	EC
                                         Rental’s Contribution:

 

Business
operation of EC Solar Limited

 

		2.	HK
                                         Solar’s Contribution:

 

Provision
of solar equipments and technical solutions

 

4.
DISTRIBUTION OF PROFITS

 

Any
and all net income accruing to the Joint Venture shall be distributed to the Parties in 70% for EC Rental and 30% for HK Solar.

 

5.
NON-EXCLUSIVITY

 

No
exclusivity is formed by virtue of this Joint Venture Agreement and neither Party shall be obligated to make offers to the other
related to any business.

 

6.
TERMINATION

 

Either
Party shall have the right to terminate this Agreement, effective as of the end of the Initial Term or any Renewal Term, by providing
the other with written notice of termination at least thirty (30) days prior to the end of such Initial Term or Renewal Term.
 Neither Party shall have the right to terminate this Agreement at any other time, unless such termination is mutually agreed
to by the Parties hereto. The Joint Venture shall terminate upon termination of this Agreement.

 

7.
FURTHER ACTIONS

 

The
Parties shall execute any documents and take all appropriate actions as may be necessary to give effect to the Joint Venture.

 

    2

     

    

 

8.
ASSIGNMENT

 

Neither
Party shall assign or transfer any of its rights or obligations hereunder without the prior written consent of the other Party,
except to a successor in ownership of all or substantially all of the assets of the assigning Party if the successor in ownership
expressly assumes in writing the terms and conditions of this Agreement.  Any such attempted assignment without written consent
will be void.  This Agreement shall inure to the benefit of and shall be binding upon the valid successors and assigns of
the Parties.

 

9.
GOVERNING LAW

 

This
Agreement shall be governed by and construed in accordance with the laws of Hong Kong, without regard to conflicts of law principles.

 

10.
COUNTERPARTS

 

This
Agreement may be executed in any number of counterparts, each of which shall constitute an original, and all of which, when taken
together, shall constitute one instrument.

 

11.
SEVERABILITY

 

The
Parties recognize the uncertainty of the law with respect to certain provisions of this Agreement and expressly stipulate that
this Agreement will be construed in a manner that renders its provisions valid and enforceable to the maximum extent possible
under applicable law. To the extent that any provisions of this Agreement are determined by a court of competent jurisdiction
to be invalid or unenforceable, such provisions will be deleted from this Agreement or modified so as to make them enforceable
and the validity and enforceability of the remainder of such provisions and of this Agreement will be unaffected.

 

    3

     

    

 

12.
NOTICES

 

All
notices, requests, demands and other communications under this Agreement must be in writing and will be deemed duly given, unless
otherwise expressly indicated to the contrary in this Agreement: (i) when personally delivered; (ii) upon receipt of a telephone
facsimile transmission with a confirmed telephonic transmission answer back; (iii) three (3) days after having been deposited
in the mail, certified or registered, return receipt requested, postage prepaid; or (iv) one (1) business day after having been
dispatched by a nationally recognized overnight courier service, addressed to a Party or their permitted assigns at the address
for such Party first written above.

 

13.
HEADINGS

 

Paragraph
headings used in this Agreement are for reference only and shall not be used or relied upon in the interpretation of this Agreement.

 

14.
ENTIRE AGREEMENT

 

This
Agreement contains the entire agreement and understanding between the Parties, superseding all prior contemporaneous communications,
representations, agreements, and understandings, oral or written, between the Parties with respect to the subject matter hereof.
 This Agreement may not be modified in any manner except by written amendment executed by each Party hereto.

 

In
Witness Whereof, the Parties have caused this Joint Venture Agreement to be duly executed and delivered as of the date first written
above.

 

EC
Rental Limited

 

 

 

Chan
Che Chung Anthony, Director

 

Hong
Kong Solar Engineering Limited

 

 

 

Mr
Shih Pak Tau, Director

 

 

4

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