Document:

Exhibit 10.1 

STOCK PURCHASE AGREEMENT

This STOCK PURCHASE
AGREEMENT (this “Agreement”) is made this __ day of August 2017 by and among __________ (the “Seller”),
the individual or entity executing the Buyer’s signature page hereto (the “Buyer”) and Crone Law Group
PC (the “Escrow Agent”).

WHEREAS,
Seller wishes to sell 5,000,000 shares of the common stock, par value $0.001 per share (the “Common Stock”),
of Med Spa Vacations Inc., a Nevada corporation (the “Company”), to Buyer on the terms and conditions
set forth herein, and Buyer wishes to purchase such shares from Seller;

WHEREAS,
several Stock Purchase Agreements of like tenor hereto (“Stock Purchase Agreements”) are being entered into
between stockholders, including Seller (collectively, the “Sellers”), holding in the aggregate 4,345,000 unrestricted
shares and 10,000,000 restricted shares of Common Stock of the Company (the “Aggregate Sale Amount”), and prospective
purchasers of such shares, including Buyer (collectively, the “Buyers”); and

WHEREAS,
Linan Gong (“Buyers’ Representative”) has delivered $25,000 to the Escrow Agent (the “Deposit”),
pursuant to the terms of an Escrow Agreement (the “Earnest Money Escrow Agreement”) among Escrow Agent, Buyers’
Representative and James B. parsons (“Sellers’ Representative”).

NOW THEREFORE, THE PARTIES HEREBY AGREE
AS FOLLOWS:

1.                 
Purchase and Sale of Stock. 

(a)               
Sale of Shares. Subject to the terms and conditions of this Agreement, and in reliance upon the representations and
warranties and covenants contained herein, Buyer agrees to purchase from Seller and Seller agrees to sell to Buyer Five Million
(5,000,000) shares of Common Stock (the “Shares”), and any rights attached to the Shares as of the date
hereof, including any forward splits of stock or other dividends, of the Company for an aggregate consideration of (a) _________
($________) or $_________ per share (the “Seller Compensation”) plus (b) _________ ($________)
or $_________ per share (the “Consulting Fee Reimbursement”) representing Buyer’s pro rata share
of consulting fees incurred by the Company pursuant to a bona fide consulting agreement between the Company and __________
(the “Consultant”).

(b)                
Closing.

       (1)              
The closing of the transactions contemplated hereunder (the “Closing”) shall take place at the office
of the Escrow Agent on such date and time as is selected by the Escrow Agent (“Closing Date”) which must be
after the satisfaction of all of the Closing Conditions (as defined below) and on or prior to the Termination Date (as defined
below).

      (2)              
Prior to the Closing Date,

    

    

    

 

(i)       Seller
shall deliver to Escrow Agent an original certificate(s) issued by the Company representing the Shares duly registered in the name
of Buyer and free of any legends or endorsements (the “Certificate”), in negotiable form, duly endorsed in blank
or with duly executed stock transfer powers attached thereto and, in either case, with a medallion signature guaranty or with a
waiver of medallion signature guaranty, together with copies of corporate or analogous authorizations on behalf of Seller (if an
entity) authorizing the transactions contemplated by this Agreement (collectively, the “Seller Deliverables”).

(ii)       Buyer
shall deliver to Escrow Agent the sum of the Seller Compensation, the Consulting Fee Reimbursement and the Escrow Fee and, for
wires originating outside of the U.S., a $75.00 foreign wire fee via wire.

 

Accounting Contact: Linxiao Han;
telephone: (___) ___-____; email: hanxiao-2004@126.com.

(iii)       The
Company shall deliver to Escrow Agent a waiver of medallion signature guaranty (the “Medallion Guaranty Waiver”)
in form and substance satisfactory to the Company’s transfer agent, with respect to any Shares represented by a Certificate
that is registered without medallion signature guaranty as permitted by Section 1(c)(2)(i).

(3)              
At the Closing:

(i)                
Escrow Agent shall deliver the Seller Compensation to Seller’s Representative in accordance with the instructions
appearing beneath Seller’s signature on the signature page hereto;

(ii)              
Escrow Agent shall deliver to Buyer, the Certificate, together with all other Seller Deliverables that had been deposited
into escrow pursuant to Section 1(c)(2)(i) and any Medallion Guaranty Waiver required by Section 1(c)(2)(iii), if applicable;

(iii)            
Escrow Agent shall deliver the Consulting Fee Reimbursement to the Consultant and/or his designee on behalf of the Company,
pursuant to instructions to be provided in writing by the Company; and

(iv)            
Escrow Agent will take control of and have earned Escrow Fee, if applicable.

    

    

    

 

(4)              
The following shall be conditions to the consummation of the Closing (the “Closing Conditions”):

(i)       Deposit
into escrow with the Escrow Agent of the Seller Compensation, Consulting Fee Reimbursement and Escrow Fee, if applicable;

(ii)       Deposit
into escrow with the Escrow Agent of the Certificate and other Seller Deliverables and, if required by Section 1(c)(2)(iii), the
Medallion Guaranty Waiver.

(iv)       The
simultaneous closings of Stock Purchase Agreements with respect to the purchase and sale of an aggregate of no fewer shares of
Common Stock than the Aggregate Sale Amount (including the Shares) (except for a delayed closing with respect to 20,000 unrestricted
shares of the Aggregate Sale Amount held in the DTC system);

(v)       Execution
and delivery to Crone Law Group PC, as counsel to Buyers’ Representative and Buyers of a legal opinion from counsel to the
Sellers in form and substance satisfactory to Crone Law Group PC, in its sole discretion. Exhibit A hereto is a sample form
of such opinion.

(vi)       Execution
and delivery to Escrow Agent by Blaine Redfern and Morgan Powell (the “Restricted Holders”) of a split-off agreement,
in substantially the form of Exhibit B hereto (the “Split-Off Agreement”), providing for, among other
things, the transfer of the Company’s existing assets and liabilities to Split-Off Sub and the transfer of the stock of Split-Off
Sub to the Restricted Holders upon the closing of the Stock Purchase Agreements; and

(vii)       Deposit
by the Restricted Holders into escrow with Escrow Agent of all of the following:

		(A)	Copies of corporate or analogous authorizations on behalf of the Restricted Holders (if an entity)
authorizing the transactions contemplated by the Split-Off Agreement;

		(B)	Counterpart signature pages to each of the Split-Off Agreement and the General Release Agreement
(as defined in the Split-Off Agreement) duly executed by the Restricted Holders, as provided in the Split-Off Agreement;

		(C)	Instructions to the Company’s Transfer Agent in substantially the form attached to the Split-Off
Agreement attached hereto; and

		(D)	Execution and delivery to the Escrow Agent by the Company of a representation letter, in substantially
the form of Exhibit C hereto (the “Company Representation Letter”).

    

    

    

 

2.             Representations and Warranties of Seller. 

As an inducement to Buyer to enter into
this Agreement and to purchase the Shares, Seller hereby represents and warrants as follows:

(a)         
Ownership of Shares. Seller is the record and beneficial owner of the Shares and has sole power over the disposition
of the Shares. The Shares are free and clear of any liens, claims, encumbrances, and charges.

(b)        
No Other Transfer. The Shares have not been sold, conveyed, encumbered, hypothecated or otherwise transferred by
Seller except pursuant to this Agreement.

(c)         
Authorization; Enforceability. Seller has the legal right to enter into and to consummate the transactions contemplated
hereby and otherwise to carry out Seller’s obligations hereunder. The execution, delivery and performance by Seller of this
Agreement has been duly authorized by all requisite action by Seller, and the Agreement, when executed and delivered by Buyer and
Escrow Agent, constitutes a valid and binding obligation of Seller, enforceable against Seller in accordance with its terms, subject
to applicable bankruptcy, insolvency, reorganization, fraudulent conveyance, moratorium or other similar laws affecting creditors'
rights and remedies generally, and subject, as to enforceability, to general principles of equity (regardless of whether enforcement
is sought in a proceeding at law or in equity).

(d)        
Shell Company. The Company is currently a “shell company” as defined in Rule 12b-2 under the Securities
Exchange Act of 1934, as amended (the “Exchange Act”). The Company has filed all reports and other materials
required to be filed by section 13 or 15(d) of the Exchange Act, as applicable, during the preceding 12 months (or for such shorter
period of at least ninety (90) days constituting the period during which the issuer was required to file such reports and materials),
other than Form 8-K reports.

(e)         
DTC Eligibility. Seller understands and acknowledges that the Common Stock of the Company is DTC eligible and that,
therefore, the free trading Shares can be deposited into brokerage accounts via the DTC system.

(f)         
 Affiliate. Seller is an officer, director or holder of 10% or more of the outstanding shares of, or otherwise an
“affiliate” (as such term is defined in Rule 144 under the Securities Act of 1933, as amended (the “Securities
Act”)) of, the Company or its predecessor(s). Seller is not now nor has ever been an affiliate or associate of the Buyer
and has no relationship with the Buyer other than pursuant to this Agreement.

(g)        
No Group. Seller is not acting and has not acted as a member of a partnership, syndicate or other group with
other persons for the purpose of acquiring, holding, or disposing of, or in connection with the voting of, securities of the Company.

    	 

    	 

    

(h)        
No Brokers. Seller has taken no action which would give rise to any claim by any person for brokerage commissions,
finder’s fees or similar payments relating to this Agreement or the transactions contemplated hereby.

(i)          
Nature of Shares. The Shares constitute “restricted securities” within the meaning of Rule 144 of the
Securities Act, the Shares bear a restrictive legend and stop transfer orders and: (i) the Shares may not be sold, pledged, or
otherwise disposed of by Seller without restriction under the Securities Act and applicable state securities laws; and (ii) following
the Closing, the Shares may not be sold, pledged, or otherwise disposed of by Buyer without restriction under the Securities Act
and applicable state securities laws.

(j)          
Experience and Knowledge. Seller acknowledges and agrees that he (i) has extensive knowledge and experience
in financial and business matters; (ii) has had access to all information as to the Company as it has desired; (iii) has
made its own inquiry and investigation into, and, based thereon, has formed an independent judgment concerning the operations of
the Company, its business and prospects; and (iv) has received sufficient and satisfactory answers to all questions posed
to the Company to evaluate the merits and risks of the transactions contemplated by this Agreement.

(k)           Diligence
by Seller. Seller has satisfied itself with respect to the operations, affairs, financial condition and prospects of the Company,
including, without limitation:

		(i)	the Company’s limited operations;

		(ii)	its audited and unaudited financial statements;

		(iii)	opinions of Company’s auditors as to the status of the Company as a going concern;

		(iv)	management’s decision to reevaluate the Company’s business model and plan;

		(v)	the fact that the Company may be contemplating and/or engaged in discussions with other persons
regarding a suitable financing transaction and/or business venture, such as a merger, acquisition, joint venture, debt and/or equity
placements and/or similar or other on-balance or off-balance sheet corporate transactions, and may engage in any lawful act or
activity, or engage in any business, for which corporations may be organized under the laws of the state of the Company’s
incorporation;

		(vi)	the fact that the Buyer may have information about any such possible transactions that is not available
to the Seller.

(l)          
Material Positive Effect. Seller acknowledges that if the Company were to make such changes to its business plan
and/or engage in any of the transactions described in Section 2(l) above, such changes would
be expected to have a material positive effect on the future value of the Company, and in particular on the value of the Shares
being purchased and sold pursuant to this Agreement. Seller understands and acknowledges that the Shares could appreciate considerably
in value in the near or long term and agrees to sell them anyway pursuant to this Agreement.

    	 

    	 

    

(m)        
Company Disclosures. Seller has no knowledge of a material fact about the operations, affairs, condition or prospects
of the business or the financial condition of the Company or the market for the Company’s securities that has not been publicly
disclosed by the Company. Seller represents and warrants that, to Seller’s knowledge, the representations and warranties
made by the Company in the Company Representation letter are true and complete in all material respects.

(n)        
No Fiduciary Duty. Seller hereby acknowledges and agrees that (i) at present there is no regular public market
for the Shares; (ii) the purchase and sale of the Shares is taking place in a private transaction between Seller and Buyer in an
arm’s length commercial transaction at a price negotiated and agreed to by Seller as the best possible current price for
the Shares; (iii) Seller is solely responsible for making its own judgments in connection with the Agreement (irrespective of whether
the Company, its executive officers, auditors, or other representatives have advised or are currently advising the Company or Seller
on related or other matters); and (iv) neither Buyer nor Escrow Agent has rendered advisory services of any nature or respect,
nor owes any agency, fiduciary or other duty to Seller, in connection with such transaction or the process leading thereto.

(o)        
Sellers’ Representative. Seller hereby appoints Sellers’ Representative to act on his/her behalf with
respect to completing the transactions contemplated by this Agreement and related agreements.

		3.                 
	Representations and Warranties of the Buyer. Buyer hereby warrants and represents to Seller that:

(a)         
Authorization; Enforceability. Buyer has the legal right to enter into and to consummate the transactions contemplated
hereby and otherwise to carry out Buyer’s obligations hereunder. The execution, delivery and performance by Buyer of this
Agreement has been duly authorized by all requisite action by Buyer, and the Agreement, when executed and delivered by Seller and
Escrow Agent, constitutes a valid and binding obligation of Buyer, enforceable against Buyer in accordance with its terms, subject
to applicable bankruptcy, insolvency, reorganization, fraudulent conveyance, moratorium or other similar laws affecting creditors'
rights and remedies generally, and subject, as to enforceability, to general principles of equity (regardless of whether enforcement
is sought in a proceeding at law or in equity).

(b)        
Investor Representations. Buyer (i) has extensive knowledge and experience in financial and business matters; (ii)
has had access to all information as to the Company as it has desired; (iii) has made its own inquiry and investigation into, and,
based thereon, has formed an independent judgment concerning the operations of the Company, its business and prospects; (iv) has
received sufficient and satisfactory answers to all questions posed to the Company to evaluate the merits and risks of the transactions
contemplated by this Agreement;

    	 

    	 

    

(v) is aware that, at present,
there is no public market for the Shares; (vi) has adequate means of providing such Buyer’s current financial needs and foreseeable
contingencies and has no need for liquidity of its investment in the Shares for an indefinite period of time; and (vii) is aware
that an investment in the Shares involves a number of very significant risks.

(c)         
Not an Affiliate. Buyer is not now, and has never been, an officer, director or holder of 10% or more of the outstanding
shares of, or otherwise an affiliate of the Company or its predecessor(s). Buyer is not now nor has ever been an affiliate or associate
of the Seller and has no relationship with the Seller other than pursuant to this Agreement.

(d)        
No Group. Buyer is not acting and has not acted as a member of a partnership, syndicate or other group with other
persons for the purpose of acquiring, holding, or disposing of, or in connection with the voting of, securities of the Company.

(e)         
Brokerage Fees. Buyer has taken no action that would give rise to any claim by any person for brokerage commissions,
finders’ fees or the like relating to this Agreement or the transaction contemplated hereby.

(f)         
No Other Representations or Information. In evaluating the suitability of an investment in the Shares, the Buyer
has not relied upon any representation or information (oral or written) other than as stated in this Agreement or in the Earnest
Money Escrow Agreement.

(g)        
No Governmental Review. Buyer understands that no United States federal or state agency or any other government or
governmental agency has passed on or made any recommendation or endorsement of the Shares or the fairness or suitability of the
investment in the Shares, nor have such authorities passed upon or endorsed the merits of the offering of the Shares.

(h)        
DTC Eligibility. Buyer understands and acknowledges that the Common Stock of the Company is DTC eligible and that,
therefore, the free trading Shares can be deposited into a brokerage account via the DTC system.

(i)          
Buyers’ Representative. Buyer hereby appoints Buyers’ Representative to act on his behalf with and in
accordance with the provisions of this Agreement.

4.                 
Escrow Agent.

(a)         
Trust. The Seller Compensation, Consulting Fee Reimbursement, Escrow Fee, Certificates and Seller Deliverables shall
be held by Escrow Agent as a trust fund and shall not be subject to any lien, attachment, trustee process or any other judicial
process of any creditor of any Party, and shall be held and disbursed solely for the purposes and in accordance with the terms
hereof.

(b)        
Release of Escrow. If the Closing Date does not occur prior to the Final Closing Date (as defined in the Earnest
Money Escrow Agreement), or such other date as the parties may agree to in writing (the “Termination Date”),
the Escrow Agent shall return the Seller Compensation, Consulting Fee Reimbursement, and Escrow Fee, if applicable, to Buyer and
the Certificates and Seller Deliverables to Seller without incurring any liability to any party and, upon such delivery, the
delivering Escrow Agent’s responsibilities under this Agreement shall be terminated.

    	 

    	 

    

(c)         
Duties and Responsibilities of the Escrow Agent. Escrow Agent’s duties and responsibilities shall be subject
to the following terms and conditions:

    (1)              
Seller and Buyer agree that the Escrow Agent (i) shall not be responsible for or bound by, and shall not be required to
inquire into whether either Seller or Buyer are entitled to receipt of the Certificates and the Seller Deliverables or any escrowed
funds pursuant to, any other agreement or otherwise; (ii) shall be obligated only for the performance of such duties as are specifically
assumed by Escrow Agent pursuant to this Agreement; (iii) may rely on and shall be protected in acting or refraining from acting
upon any written notice, instruction, instrument, statement, request or document furnished to it hereunder and believed by Escrow
Agent in good faith to be genuine and to have been signed or presented by the proper person or party, without being required to
determine the authenticity or correctness of any fact stated therein or the propriety or validity or the service thereof; (iv)
may assume that any person believed by Escrow Agent in good faith to be authorized to give notice or make any statement or execute
any document in connection with the provisions hereof is so authorized; (v) shall not be under any duty to give the property held
by Escrow Agent hereunder any greater degree of care than Escrow Agent gives its own similar property, but in no event less than
a reasonable amount of care; and (vi) may consult with counsel satisfactory to Escrow Agent, the opinion of such counsel to be
full and complete authorization and protection in respect of any action taken, suffered or omitted by Escrow Agent hereunder in
good faith and in accordance with the opinion of such counsel.

    (2)              
Seller and Buyer acknowledge that Escrow Agent is acting solely as a stakeholder at their request and that the Escrow Agent
shall not be liable for any action taken in good faith and believed by Escrow Agent to be authorized or within the rights or powers
conferred upon Escrow Agent by this Agreement. Seller and Buyer agree to indemnify and hold harmless Escrow Agent and any of Escrow
Agent’s partners, employees, agents, and representatives for any action taken or omitted to be taken by Escrow Agent or any
of them hereunder, including the fees of outside counsel and other costs and expenses of defending itself against any claim or
liability under this Agreement, except in the case of gross negligence or willful misconduct on the part of Escrow Agent committed
in its capacity as Escrow Agent under this Agreement. The Escrow Agent shall owe a duty only to Seller and Buyer under this Agreement
and to no other person.

    (3)              
Buyer and Seller, jointly and severally, shall reimburse Escrow Agent for outside counsel fees, to the extent authorized
hereunder and incurred in connection with the performance of its duties and responsibilities hereunder.

    (4)              
Escrow Agent may at any time resign as escrow agent hereunder by giving five (5) days prior written notice of resignation
to Buyers. Prior to the effective date of the resignation as specified in such notice, Buyer will issue to Escrow Agent an instruction
authorizing delivery of the Seller Compensation, Consulting Fee Reimbursement and Escrow Fee, if applicable, together with the
Seller’s Deliverables and the Certificates to a substitute escrow agent selected by Buyer. If no successor escrow agent is
named by Buyer within three business days, Escrow Agent may apply
to a court of competent jurisdiction in the State of New York for appointment of a successor escrow agent, and to deposit the Seller
Compensation, Escrow Fee, if applicable, Certificates and Seller Deliverables with the clerk of any such court.

    	 

    	 

    

(5)              
This Agreement sets forth exclusively the duties of the Escrow Agent with respect to any and all matters pertinent thereto
and no implied duties or obligations shall be read into this Agreement.

(6)              
The provisions of this Section 4 shall survive the resignation of any Escrow Agent or the termination of this Agreement.

THE PARTIES ACKNOWLEDGE THAT THE
ESCROW AGENT IS AND SHALL CONTINUE TO ACT AS BUYER’S REPRESENTATIVE’S AND/OR THE COMPANY’S COUNSEL IN CONNECTION
WITH THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT AND ANY PURCHASE AND SALE OF THE SHARES, AS WELL AS OTHER MATTERS.

NEITHER THE EXECUTION OF THIS AGREEMENT
BY THE ESCROW AGENT, NOR ANY ACTIONS THAT THE ESCROW AGENT MAY TAKE PURSUANT TO THIS AGREEMENT SHALL UNDER ANY CIRCUMSTANCES OR
FOR ANY REASON PREVENT THE ESCROW AGENT FROM HEREAFTER ACTING AS COUNSEL FOR ANY PARTY HERETO IN ANY MANNER AND FOR ANY PURPOSE
WHATSOEVER, INCLUDING THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT.

EACH OF BUYER AND SELLER HEREBY SPECIFICALLY
WAIVES ANY CONFLICT OF INTERST WHICH MAY EXIST OR MAY HEREAFTER EXIST BY VIRTUE OF THE FACT THAT THE ESCROW AGENT IS NOW OR MAY
AT ANY POINT HEREAFTER SIMULTANEOULY REPRESENT THE BUYER’S REPRESENTATIVE OR THEY COMPANY WHILE ACTING AS THE ESCROW AGENT
HEREUNDER.

5.             Miscellaneous.

(a)         
Default by Seller. Seller’s failure, or failure of Seller’s agents, representatives, brokers (“Seller’s
Agents”) to deliver the Certificates and Seller Deliverables to Escrow Agent prior to the Closing Date, or the Company’s
failure to deliver any required Medallion Guaranty Waiver to Escrow Agent prior to the Closing Date, shall constitute a default
under this Agreement (“Default”). Nothing herein shall limit Buyer’s right to protect and enforce its
rights by an action at law, suit in equity or other appropriate proceeding, whether for the specific performance of any agreement
contained herein for an injunction against a violation of any of the terms hereof or thereof, or for the pursuit of any other remedy
which it may have by virtue of this Agreement, for the failure of Seller, Seller’s Agents, or the Company and its transfer
agent to deliver the Certificates and Seller Deliverables, and the Buyer shall have the right to pursue all remedies available
to it at law or in equity, including, without limitation, a decree of specific performance
or injunctive relief. In the event of Default, Seller shall pay to the Buyer the reasonable costs and expenses of collection and
of any other actions referred to in this paragraph (a) or otherwise reasonably appropriate, including without limitation reasonable
attorneys’ fees, expenses and disbursements.

    	 

    	 

    

(b)        
Default by Buyer. Buyer’s failure to deliver the Seller Compensation, Consulting Fee Reimbursement and Escrow
Fee to Escrow Agent prior to the Closing Date shall constitute a default. If such default is not cured by the Termination Date,
then Seller may terminate this Agreement and demand the immediate return of the Certificates and Seller Deliverables by notice
to the Escrow Agent. Until the Termination Date, Seller’s sole remedy in case of such a default shall be to delay the Closing.
Upon Buyer’s timely cure of such a default, Seller shall be required to fulfill its obligations hereunder.

(c)         
Successors and Assigns. The terms and conditions of this Agreement shall inure to the benefit of and be binding upon
the respective heirs, legal representatives, successors and assigns of the parties.

(d)        
Choice of Law. This Agreement shall be governed by and construed under the laws of the State of New York as applied
to agreements entered into and to be performed entirely within New York without applying its principles of choice of law.

(e)         
Submission to Jurisdiction. Each party to this Agreement (a) submits to the exclusive jurisdiction of any state or
federal court located in New York County in the State of New York having subject matter jurisdiction in any action or proceeding
arising out of or relating to this Agreement, (b) agrees that any dispute or controversy concerning, arising out of or relating
to this Agreement may be heard and determined in any such court, and (c) shall not bring any action or proceeding concerning, arising
out of or relating to this Agreement in any other court. Each party to this Agreement waives any defense of inconvenient forum
to the maintenance of any action or proceeding so brought. Any party to this Agreement may make service on another party hereto
by sending or delivering a copy of the process to the party to be served at the address and in the manner provided for the giving
of notices in this Agreement. Nothing in this Section 5(k), however, shall affect the right of any party to serve legal process
in any other manner permitted by law.

(f)         
Waiver of Right to Trial by Jury. EACH PARTY TO THIS AGREEMENT HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE AND
AGREES NOT TO REQUEST A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION WITH OR ARISING OUT OF THIS AGREEMENT
OR ANY TRANSACTION CONTEMPLATED HEREBY.

(g)        
Notices. Unless otherwise provided, any notice required or permitted under this Agreement shall be given in writing
and shall be deemed effectively given upon personal delivery to the party to be notified or sent by overnight delivery by a nationally
recognized overnight courier upon proof of sending thereof and addressed to the party to be notified at the address indicated for
such party on its signature page hereto, or at such other address as such party may designate by written notice to the other parties.

    	 

    	 

    

(h)        
Amendments and Waivers. Any term of this Agreement may be amended and the observance of any term of this Agreement
may be waived (either generally or in a particular instance and either retroactively or prospectively), only with the written consent
of Seller, Buyer and Escrow Agent.

(i)          
Expenses. Each of the parties shall bear its own costs and expenses incurred with respect to the negotiation, execution,
delivery, and performance of this Agreement.

(j)          
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.

(k)        
Entire Agreement. This Agreement represents and constitutes the entire agreement and understanding between the parties
with regard to the subject matter contained herein. All prior agreements, understandings and representations are hereby merged
into this Agreement.

(l)          
Construction. The language used in this Agreement shall be deemed to be the language chosen by the parties to express
their mutual intent, and no rule of strict construction shall be applied against any party. Among other things, “or”
is not exclusive and the singular may include the plural and the plural may include the singular, all as the context requires.

(m)      
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 agreement and shall become effective when counterparts have been signed
by each party and delivered to the other parties. This Agreement, once executed by a party, may be delivered to the other parties
hereto by facsimile transmission of a copy of this Agreement bearing the signature of the party so delivering this Agreement.

(n)        
Severability. In the case any provision of this Agreement shall be invalid, illegal or unenforceable, the validity,
legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

(o)        
Further Acts. Each of Buyer and Seller 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 another 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.

 

[SIGNATURE PAGES FOLLOW]

    	 

    	 

    

IN WITNESS WHEREOF,
the undersigned have executed, or caused to be executed on their behalf by an agent thereunto duly authorized, this Agreement as
of the date first above written.

	 	SELLER:
	 	 
	 	 
	 	 
	 	Name:  
	 	 
	 	SELLER ADDRESS:
	 	 
	 	 
	 	 
	 	 
	 	 
	 	Number of Shares being sold: 5,000,000
	 	Seller Compensation per share: $
	 	 

 

    	 

    	 

    

	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	BUYER	 	 	 
	 	 	 	 	 	 
	 	 		 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	Number of Shares purchased:	5,000,000	 	 
	 	 	Seller Compensation per share:	$	 	 
	 	 	Total Seller Compensation:

	$	 	 
	 	 	Consulting Fee Reimbursement per share

	$	 	 
	 	 	Total Consulting Fee Reimbursement

	$	 	 
	 	 	Escrow Fee

	$	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	Foreign Wire Fees ($75.00 if applicable):

 

	$75.00	 
	 	 	 	 	 	 
	 	Aggregate Buyer Payment:

	$	  
	 

 

 

	 	Address of Record:	 	 
	 	 	 
	 	 	 
	 	 	 	 
	 	Delivery Instructions:	 	 
	 	 	 
	 	 	 

 

    	 

    	 

    

ESCROW AGENT:

 

CRONE LAW
GROUP PC

 

 

By:     
                                                                         

Name:       Mark
E. Crone

Title:       
 Managing Partner

 

 

Address:

1801 Century Park East, Suite 2400

Los Angeles, CA 90067Exhibit
10.1

 

THIS
PROMISSORY NOTE (“NOTE”) HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”). THIS NOTE HAS BEEN ACQUIRED FOR INVESTMENT ONLY AND MAY NOT BE SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF REGISTRATION
OF THE RESALE THEREOF UNDER THE SECURITIES ACT OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY IN FORM, SCOPE AND SUBSTANCE TO
THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.

 

PROMISSORY
NOTE

 

	 	 Dated
    as of August 24, 2017
	 	 
	Principal
    Amount: $____________ 	New
    York, New York

 

Stellar
Acquisition III Inc., a Marshall Islands corporation and blank check company (the “Maker”), promises to
pay to the order of [______] or its registered assigns or successors in interest (the “Payee”), or order, the
principal sum of _________ Dollars ($_________) in lawful money of the United States of America, on the terms and conditions described
below. All payments on this Note shall be made by check or wire transfer of immediately available funds or as otherwise determined
by the Maker to such account as the Payee may from time to time designate by written notice in accordance with the provisions
of this Note.

 

1.
          Principal. The principal balance of this Note shall be payable by the Maker on the date (the “Maturity Date”)
on which Maker consummates its initial business combination (the “Business Combination”). The principal
balance may not be prepaid. Under no circumstances shall any individual, including but not limited to any officer, director, employee
or shareholder of the Maker, be obligated personally for any obligations or liabilities of the Maker hereunder.

 

2.
           Interest. No interest shall accrue on the unpaid principal balance of this Note.

 

3.          
Application of Payments. All payments shall be applied first to payment in full of any costs incurred in the collection
of any sum due under this Note, including (without limitation) reasonable attorneys’ fees, and then to the payment in full
of any late charges and finally to the reduction of the unpaid principal balance of this Note.

 

4.
          Events of Default. The following shall constitute an event of default (“Event of Default”):

 

(a)         
Failure to Make Required Payments. Failure by Maker to pay the principal amount due pursuant to this Note within five (5)
business days of the Maturity Date.

 

(b)         Voluntary Bankruptcy, Etc. The commencement by Maker of a voluntary case under any applicable bankruptcy, insolvency, reorganization,
rehabilitation or other similar law, or the consent by it to the appointment of or taking possession by a receiver, liquidator,
assignee, trustee, custodian, sequestrator (or other similar official) of Maker or for any substantial part of its property, or
the making by it of any assignment for the benefit of creditors, or the failure of Maker generally to pay its debts as such debts
become due, or the taking of corporate action by Maker in furtherance of any of the foregoing.

 

(c)         
Involuntary Bankruptcy, Etc. The entry of a decree or order for relief by a court having jurisdiction in the premises in
respect of Maker in an involuntary case under any applicable bankruptcy, insolvency or other similar law, or appointing a receiver,
liquidator, assignee, custodian, trustee, sequestrator (or similar official) of Maker or for any substantial part of its property,
or ordering the winding-up or liquidation of its affairs, and the continuance of any such decree or order unstayed and in effect
for a period of 60 consecutive days.

 

     

     

    

 

	5.	Remedies.

 

(a)
Upon the occurrence of an Event of Default specified in Section 4(a) hereof, Payee may, by written notice to Maker, declare this
Note to be due immediately and payable, whereupon the unpaid principal amount of this Note, and all other amounts payable hereunder,
shall become immediately due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby
expressly waived, anything contained herein or in the documents evidencing the same to the contrary notwithstanding.

 

(b)
Upon the occurrence of an Event of Default specified in Sections 4(b) and 4(c), the unpaid principal balance of this Note, and
all other sums payable with regard to this Note, shall automatically and immediately become due and payable, in all cases without
any action on the part of Payee.

 

6.
         Waivers. Maker and all endorsers and guarantors of, and sureties for, this Note waive presentment for payment, demand,
notice of dishonor, protest, and notice of protest with regard to the Note, all errors, defects and imperfections in any proceedings
instituted by Payee under the terms of this Note, and all benefits that might accrue to Maker by virtue of any present or future
laws exempting any property, real or personal, or any part of the proceeds arising from any sale of any such property, from attachment,
levy or sale under execution, or providing for any stay of execution, exemption from civil process, or extension of time for payment;
and Maker agrees that any real estate that may be levied upon pursuant to a judgment obtained by virtue hereof or any writ of
execution issued hereon, may be sold upon any such writ in whole or in part in any order desired by Payee.

 

7.
          Unconditional Liability. Maker hereby waives all notices in connection with the delivery, acceptance, performance, default,
or enforcement of the payment of this Note, and agrees that its liability shall be unconditional, without regard to the liability
of any other party, and shall not be affected in any manner by any indulgence, extension of time, renewal, waiver or modification
granted or consented to by Payee, and consents to any and all extensions of time, renewals, waivers, or modifications that may
be granted by Payee with respect to the payment or other provisions of this Note, and agrees that additional makers, endorsers,
guarantors, or sureties may become parties hereto without notice to Maker or affecting Maker’s liability hereunder.

 

8.
          Notices. All notices, statements or other documents which are required or contemplated by this Note shall be made in
writing and delivered: (i) personally or sent by first class registered or certified mail, overnight courier service or facsimile
or electronic transmission to the address designated in writing, (ii) by facsimile to the number most recently provided to such
party or such other address or fax number as may be designated in writing by such party or (iii) by electronic mail, to the electronic
mail address most recently provided to such party or such other electronic mail address as may be designated in writing by such
party. Any notice or other communication so transmitted shall be deemed to have been given on the day of delivery, if delivered
personally, on the business day following receipt of written confirmation, if sent by facsimile or electronic transmission, one
(1) business day after delivery to an overnight courier service or five (5) days after mailing if sent by mail.

 

9.
          Construction. THIS NOTE SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE REPUBLIC OF THE MARSHALL ISLANDS,
WITHOUT REGARD TO CONFLICT OF LAW PROVISIONS THEREOF.

 

10.
        Severability. Any provision contained in this Note which is prohibited or unenforceable in any jurisdiction shall, as
to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining
provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable
such provision in any other jurisdiction.

 

11.
       Trust Waiver. Notwithstanding anything herein to the contrary, the Payee hereby waives any and all right, title, interest
or claim of any kind (“Claim”) in or to any distribution of or from the trust account (the “Trust
Account”) established in which the proceeds of the initial public offering (“the “IPO”) conducted
by the Maker (including the deferred underwriters’ discounts and commissions) and the proceeds of the sale of the warrants
issued in a private placement that occurred prior to the closing of the IPO were deposited, as described in greater detail in
Maker’s Registration Statement on Form S-1 (333-212377) filed with the Securities and Exchange Commission in connection
with the IPO (the “Registration Statement”), and hereby agrees not to seek recourse, reimbursement, payment
or satisfaction for any Claim against the Trust Account for any reason whatsoever.

 

12.
        Amendment; Waiver. Any amendment hereto or waiver of any provision hereof may be made with, and only with, the written
consent of the Maker and the Payee.

 

    	 	2	 

     

    

 

13.
        Assignment. No assignment or transfer of this Note or any rights or obligations hereunder may be made by any party hereto
(by operation of law or otherwise) without the prior written consent of the other party hereto and any attempted assignment without
the required consent shall be void.

 

	14.	Conversion.

 

(a)
        At the Payee’s option, at any time prior to payment in full of the principal balance of this Note, the Payee may elect to
convert all or any portion of this Note into that number of warrants (the “Conversion Warrants”)
equal to: (i) the portion of the principal amount of the Note being converted pursuant to this Section 14, divided by (ii) $0.50,
rounded up to the nearest whole number. Each Conversion Warrant shall have the same terms and conditions as the warrants issued
by the Maker pursuant to a private placement, as described in the Registration Statement. The Conversion Warrants, the shares
of Common Stock underlying the Conversion Warrants and any other equity security of Maker issued or issuable with respect to the
foregoing by way of a stock dividend or stock split or in connection with a combination of shares, recapitalization, amalgamation,
consolidation or reorganization (the “Warrant Shares”), shall be entitled to the registration rights set forth
in Section 15 hereof.

 

(b)
         Upon any complete or partial conversion of the principal amount of this Note, (i) such principal amount shall be so converted
and such converted portion of this Note shall become fully paid and satisfied, (ii) the Payee shall surrender and deliver this
Note, duly endorsed, to Maker or such other address which Maker shall designate against delivery of the Conversion Warrants, (iii)
Maker shall promptly deliver a new duly executed Note to the Payee in the principal amount that remains outstanding, if any, after
any such conversion and (iv) in exchange for all or any portion of the surrendered Note, Maker shall deliver to Payee the Conversion
Warrants, which shall bear such legends as are required, in the opinion of counsel to Maker or by any other agreement between
Maker and the Payee and applicable state and federal securities laws.

 

(c)
        The Payee shall pay any and all issue and other taxes that may be payable with respect to any issue or delivery of the Conversion
Warrants upon conversion of this Note pursuant hereto; provided, however, that the Payee shall not be obligated to pay any transfer
taxes resulting from any transfer requested by the Payee in connection with any such conversion.

 

(d)
        The Conversion Warrants shall not be issued upon conversion of this Note unless such issuance and such conversion comply with
all applicable provisions of law.

 

	15.	Registration
    Rights.

 

(a)
         Reference is made to that certain Registration Rights Agreement between the Maker and the parties thereto, dated as of August
18, 2016 (the “Registration Rights Agreement”). All capitalized terms used in this Section 15 shall have the
same meanings ascribed to them in the Registration Rights Agreement.

 

(b)
        The holders (“Holders”) of the Conversion Warrants (or the Warrant Shares) shall be entitled to one Demand
Registration, which shall be subject to the same provisions as set forth in Section 2.1 of the Registration Rights Agreement.

 

(c)
         The Holders shall also be entitled to include the Conversion Warrants (or the Warrant Shares) in Piggyback Registrations, which
shall be subject to the same provisions as set forth in Section 2.2 of the Registration Rights Agreement; provided, however, that
in the event that an underwriter advises the Maker that the Maximum Number of Securities has been exceeded with respect to a Piggyback
Registration, the Holders shall not have any priority for inclusion in such Piggyback Registration.

 

(d)
        Except as set forth above, the Holders and the Maker, as applicable, shall have all of the same rights, duties and obligations
set forth in the Registration Rights Agreement.

 

[Signature
page follows]

 

    	 	3	 

     

    

 

IN
WITNESS WHEREOF, Maker, intending to be legally bound hereby, has caused this Note to be duly executed by the undersigned
as of the day and year first above written. 

 

	 	Stellar
    Acquisition III Inc.
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

 

4

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