Document:

Exhibit 10.3

 

LOCK-UP AGREEMENT

 

_____________, 2020

 

Maxim Group LLC

405 Lexington Avenue

New York, NY 10174

 

Re: Placement of Lianluo Smart Limited

 

Ladies and Gentlemen:

 

The undersigned, a
holder of securities of Lianluo Smart Limited (the “Company”), understands that you are the placement agent
(the “Placement Agent”) named in the placement agency agreement (the “Placement Agency Agreement”)
to be entered into among the Placement Agent and the Company, providing for the placement (the “Placement”)
of Shares and Warrants (collectively, the “Securities”) pursuant to a registration statement and related prospectuses
and supplements thereto filed or to be filed with the U.S. Securities and Exchange Commission (the “SEC”). Capitalized
terms used herein and not otherwise defined shall have the meanings set forth for them in the Placement Agency Agreement.

 

In consideration of
the Placement Agent’s agreement to enter into the Placement Agency Agreement and to proceed with the Placement of the Securities,
and for other good and valuable consideration, receipt of which is hereby acknowledged, the undersigned hereby agrees, for the
benefit of the Company, the Placement Agent that, without the prior written consent of the Placement Agent, the undersigned will
not, during the period specified in the following paragraph (the “Lock-Up Period”), directly or indirectly,
unless otherwise provided herein, (a) offer, sell, agree to offer or sell, solicit offers to purchase, convert, exercise, exchange,
grant any call option or purchase any put option with respect to, pledge, encumber, assign, borrow or otherwise dispose of or transfer
(each a “Transfer”) any Relevant Security (as defined below) or otherwise publicly disclose the intention to
do so, or (b) establish or increase any “put equivalent position” or liquidate or decrease any “call equivalent
position” (in each case within the meaning of Section 16 of the Securities Exchange Act of 1934 (the “Exchange Act”)
and the rules and regulations thereunder) with respect to any Relevant Security or otherwise enter into any swap, derivative or
other transaction or arrangement that Transfers to another, in whole or in part, any economic consequence of ownership of a Relevant
Security, whether or not such transaction is to be settled by the delivery of Relevant Securities, other securities, cash or other
consideration, or otherwise publicly disclose the intention to do so. As used herein, the term “Relevant Security”
means any Share, warrant to purchase Shares or any other security of the Company or any other entity that is convertible into,
or exercisable or exchangeable for, Shares or any other equity security of the Company, in each case owned beneficially or otherwise
by the undersigned on the date set forth on the front cover of the final prospectus used in connection with the Placement of the
Securities (the “Effective Date”) or acquired by the undersigned during the Lock-Up Period.

 

The Lock-Up Period
will commence on the date of this Lock-up Agreement and continue and include the date that is ninety (90) days after the closing
of the Placement.

 

In addition, the undersigned
further agrees that, without the prior written consent of the Placement Agent, during the Lock-Up Period the undersigned will not:
(i) file or participate in the filing with the SEC of any registration statement or circulate or participate in the circulation
of any preliminary or final prospectus or other disclosure document, in each case with respect to any proposed offering or sale
of a Relevant Security, or (ii) exercise any rights the undersigned may have to require registration with the SEC of any proposed
offering or sale of a Relevant Security.

 

    1

     

    

 

In addition, if: (i) the
Company issues an earnings release or material news or a material event relating to the Company occurs during the last seventeen
(17) days of the Lock-Up Period, or (ii) prior to the expiration of the Lock-Up Period, the Company announces that it
will release earnings results during the sixteen (16)-day period beginning on the last day of the Lock-Up Period, then the restrictions
imposed by this Lock-Up Agreement shall continue to apply until the expiration of the eighteen (18)-day period beginning on the
issuance of the earnings release or the occurrence of the material news or material event (the “Extension Period”).
However, for purposes of clarity, only one Extension Period may occur.

 

In furtherance of the
undersigned’s obligations hereunder, the undersigned hereby authorizes the Company during the Lock-Up Period to cause any
transfer agent for the Relevant Securities to decline to transfer, and to note stop transfer restrictions on the stock register
and other records relating to, Relevant Securities for which the undersigned is the record owner and the transfer of which would
be a violation of this Lock-Up Agreement and, in the case of Relevant Securities for which the undersigned is the beneficial but
not the record owner, agrees that during the Lock-Up Period it will cause the record owner to cause the relevant transfer agent
to decline to transfer, and to note stop transfer restrictions on the stock register and other records relating to, such Relevant
Securities to the extent such transfer would be a violation of this Lock-Up Agreement.

 

Notwithstanding the
foregoing, the undersigned may transfer the undersigned’s Relevant Securities:

 

		(i)	as a bona fide gift or gifts,

 

		(ii)	to any trust for the direct or indirect benefit of the undersigned or a member of members of the
immediate family of the undersigned,

 

		(iii)	if the undersigned is a corporation, partnership, limited liability company, trust or other business
entity (1) to another corporation, partnership, limited liability company, trust or other business entity that is a direct or indirect
affiliate (as defined in Rule 405 under the Securities Act of 1933) of the undersigned, (2) to limited partners, limited liability
company members or stockholders of the undersigned, or (3) in connection with a sale, merger or transfer of all or substantially
all of the assets of the undersigned or any other change of control of the undersigned, not undertaken for the purpose of avoiding
the restrictions imposed by this Lock-Up Agreement,

 

		(iv)	if the undersigned is a trust, to the beneficiary of such trust,

 

		(v)	by testate or intestate succession,

 

		(vi)	by operation of law, such as pursuant to a qualified domestic order or in connection with a divorce
settlement, or

 

		(vii)	pursuant to the Placement Agency Agreement;

 

provided, in the case of clauses
(i)-(vi), that (A) such transfer shall not involve a disposition for value, (B) the transferee agrees in writing with the Placement
Agent and the Company to be bound by the terms of this Lock-Up Agreement, and (C) such transfer would not require any filing under
Section 16(a) of the Exchange Act and no such filing is voluntarily made.

 

For purposes of this
Lock-Up Agreement, “immediate family” shall mean any relationship by blood, marriage or adoption, not more remote than
first cousin.

 

    2

     

    

 

The undersigned hereby
represents and warrants that the undersigned has full power and authority to enter into this Lock-Up Agreement and that this Lock-Up
Agreement has been duly authorized (if the undersigned is not a natural person) and constitutes the legal, valid and binding obligation
of the undersigned, enforceable in accordance with its terms. Upon request, the undersigned will execute any additional documents
necessary in connection with the enforcement hereof. Any obligations of the undersigned shall be binding upon the successors and
assigns of the undersigned from the date of this Lock-Up Agreement.

 

The undersigned understands
that, if the Placement Agency Agreement does not become effective, or if the Placement Agency Agreement (other than the provisions
thereof which survive termination) shall terminate or be terminated prior to payment for and delivery of the Securities to be sold
thereunder, the undersigned shall be released from all obligations under this Lock-Up Agreement.

 

The undersigned, whether
or not participating in the Placement, understands that the Placement Agent is entering into the Placement Agency Agreement and
proceeding with the Placement in reliance upon this Lock-Up Agreement.

 

This Lock-Up Agreement
shall be governed by and construed in accordance with the laws of the State of New York, without regard to the conflict of laws
principles thereof. Delivery of a signed copy of this Lock-Up Agreement by facsimile or e-mail/.pdf transmission shall be effective
as the delivery of the original hereof.

 

	 	Very truly yours,
	 	 
	 	Signature: 	 
	 	 
	 	Name (printed):
	 	 
	 	Title (if applicable):
	 	 
	 	Entity (if applicable):

 

 

3EX-4.1

 Exhibit 4.1 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE
PARTNERSHIP OR THE TRANSFER AGENT NAMED ON THE FACE OF THIS CERTIFICATE, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS
MADE TO CEDE & CO., OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL IN AS MUCH AS THE REGISTERED OWNER HEREOF,
CEDE & CO. HAS AN INTEREST HEREIN. 
 TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC
OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE STATEMENT WITH RESPECT TO SERIES 17 PREFERRED UNITS.
IN CONNECTION WITH ANY TRANSFER, THE HOLDER WILL DELIVER TO THE TRANSFER AGENT NAMED ON THE FACE OF THIS CERTIFICATE SUCH CERTIFICATES AND OTHER INFORMATION AS SUCH TRANSFER AGENT MAY REASONABLY REQUIRE TO CONFIRM THAT THE TRANSFER COMPLIES WITH THE
FOREGOING RESTRICTIONS. 
 FORM OF CERTIFICATE EVIDENCING 

5.25% CLASS A PREFERRED LIMITED PARTNERSHIP UNITS,
SERIES 17 
 OF 

BROOKFIELD RENEWABLE PARTNERS L.P. 

A PARTNERSHIP FORMED UNDER THE LAWS OF
BERMUDA 
  

			
	CERTIFICATE NUMBER:         	  	INITIAL NUMBER OF SERIES 17 PREFERRED UNITS: ___________

 CUSIP Number: G16258231 

ISIN: BMG162582313 
 Brookfield
Renewable Partners L.P., a Bermuda exempted partnership (the “Partnership”), hereby certifies that CEDE & CO. (the “Holder”), is the registered owner of the number shown on Schedule I hereto of fully paid
and non-assessable units of the Partnership’s designated 5.25% Class A Preferred Limited Partnership Units, Series 17, with a liquidation preference of $25.00 per unit (the “Series 17
Preferred Units”). The Series 17 Preferred Units are transferable on the books of the Partnership or its duly authorized Transfer Agent, in person or by a duly authorized attorney, upon surrender of this certificate properly endorsed. The
rights, preferences and limitations of the Series 17 Preferred Units are set forth in, and this certificate and the Series 17 Preferred Units represented hereby are issued and shall in all respects be subject to the terms and provisions of, the
Fourth Amended and Restated Limited Partnership Agreement of the Partnership, dated May 3, 2016, as amended on May 25, 2016, February 14, 2017, January 16, 2018, February 28, 2019, March 11, 2019, and February 24,
2020, and as the same may be further amended from time to time (the “Partnership Agreement”). Capitalized terms used herein but not defined shall have the meaning given them in the Partnership Agreement. Copies of the Partnership
Agreement are on file at, and will be furnished without charge on delivery of written request to the Partnership at the principal office of the Partnership. In the case of any conflict between this certificate and the Partnership Agreement, the
provisions of the Partnership Agreement shall control and govern. 
 Upon receipt of this executed certificate, the Holder is bound by the
Partnership Agreement and is entitled to the benefits thereunder. 
 The Holder, by accepting this certificate, is deemed to have
(i) requested admission as, and agreed to become, a limited partner and to have agreed to comply with and be bound by and to have executed the Partnership Agreement, (ii) represented and warranted that the Holder has all right, power and,
if an individual, the capacity necessary to enter into the Partnership Agreement, (iii) granted the powers of attorney provided for in the Partnership Agreement, (iv) made the waivers and given the consents and approvals contained in the
Partnership Agreement; and (v) ratified and confirmed all contracts, agreements, assignments and instruments entered into on behalf of the Partnership in accordance with the Partnership Agreement. 

This certificate shall not be valid for any purpose unless it has been countersigned and registered by the registrar and transfer agent (the
“Transfer Agent”). 

 IN WITNESS WHEREOF, this certificate has been executed on behalf of the Partnership by its General Partner
this ____ day of February, _______. 
 BROOKFIELD RENEWABLE PARTNERS LIMITED, the general 

partner of BROOKFIELD RENEWABLE PARTNERS L.P. 
  

					
	  
	 		 	
			
	 Name:
 Title:
	 		 	

 COUNTERSIGNATURE 

These are the Series 17 Preferred Units referred to in the within-mentioned Partnership Agreement. 

Dated: _________________, _____ 

REGISTRAR AND TRANSFER AGENT 

COMPUTERSHARE TRUST COMPANY OF CANADA 
  

					
	  
	 		 	
			
	 Name:
 Title:
	 		 	

 FOR VALUE RECEIVED, ________________________________________________________________, hereby assigns,
conveys, sells and transfers unto 
  
  

(Please print or typewrite name and address of Assignee) 
  

 

					
	  
	  	            	  	  
 (Please insert Social
Security or other identifying number of Assignee)

 _____________________________Series 17 Preferred Units representing preferred limited partnership interests evidenced by this
certificate, subject to the Partnership Agreement, and does hereby 
 irrevocably constitute and appoint
_______________________________________________________________________________ 
 as its
attorney-in-fact with full power of substitution to transfer the same on the books of Brookfield Renewable Partners L.P. 

Dated:                      
                                     

 

							
	  
 (Signature)
	 	    	  	  
 (Signature)
	  	

  

	NOTICE:	 THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN
ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM), PURSUANT TO SEC RULE 17Ad-15 

 

	 	 Signature Guaranteed By: _____________________________________________ 

No transfer of the Series 17 Preferred Units evidenced hereby will be registered on the books of the Partnership or its duly authorized Transfer Agent unless
the certificate evidencing the Series 17 Preferred Units to be transferred is surrendered for registration of transfer. 

 SCHEDULE I 

BROOKFIELD RENEWABLE PARTNERS L.P. 

Global Series 17 Preferred Unit 
 Certificate
Number: ____ 
 The number of Series 17 Preferred Units initially represented by this global Series 17 Preferred Unit shall be _______________.
Thereafter the Transfer Agent shall note changes in the number of Series 17 Preferred Units evidenced by this global Series 17 Preferred Unit in the table set forth below: 
  

									
	Date of Exchange 	  	
Amount of Decrease in Number of
Series 17 Preferred
Units
Represented by this Global Series 17 
 Preferred Unit
	  	
Amount of Increase in Number of
Series 17 Preferred
Units
Represented by this Global Series 17 
 Preferred Unit
	  	
Number of Series 17 Preferred Units 

Represented by this Global Series 17

Preferred Unit following Decrease
or Increase
	  	
Signature of Authorized Officer of 

Transfer Agent

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00304-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00304-of-00352.parquet"}]]