Document:

Exhibit 10.10

 

Lock-Up
Agreement

 

May
[●], 2018

 

Benchmark
Company, LLC

150
E 58th Street, 17th floor

New
York, NY 10155

 

Ladies
and Gentlemen:

 

The
undersigned understands that Benchmark Company LLC (the “Representative”) proposes to enter into an Underwriting
Agreement (the “Underwriting Agreement”) with CLPS Incorporation, a Cayman Islands company (the “Company”),
providing for the public offering (the “Public Offering”) of the common shares of the Company (the “Shares”).

 

To
induce the Representative to continue its efforts in connection with the Public Offering, the undersigned hereby agrees that,
without the prior written consent of the Representative, the undersigned will not, during the period commencing on the date hereof
and ending 365 days after the date of the final prospectus (the “Prospectus”) relating to the Public Offering
(the “Lock-Up Period”), (1) offer, pledge, sell, contract to sell, grant, lend, or otherwise transfer or dispose
of, directly or indirectly, any Shares, any securities convertible into or exercisable or exchangeable for Shares, whether now
owned or hereafter acquired by the undersigned or with respect to which the undersigned has or hereafter acquires the power of
disposition (collectively, the “Lock-Up Securities”); (2) enter into any swap or other arrangement that transfers
to another, in whole or in part, any of the economic consequences of ownership of the Lock-Up Securities, whether any such transaction
described in clause (1) or (2) above is to be settled by delivery of Lock-Up Securities, in cash or otherwise; (3) make any demand
for or exercise any right with respect to the registration of any Lock-Up Securities; or (4) publicly disclose the intention to
make any offer, sale, pledge or disposition, or to enter into any transaction, swap, hedge or other arrangement relating to any
Lock-Up Securities. Notwithstanding the foregoing, and subject to the conditions below, the undersigned may transfer Lock-Up Securities
without the prior written consent of the Representative in connection with (a) transactions relating to Lock-Up Securities acquired
in open market transactions after the completion of the Public Offering; provided that no filing under Section 16(a) of
the Securities Exchange Act of 1934, as amended (the “Exchange Act”), shall be required or shall be voluntarily
made in connection with subsequent sales of Lock-Up Securities acquired in such open market transactions; (b) transfers of Lock-Up
Securities as a bona fide gift, by will or intestacy or to a family member or trust for the benefit of a family member
(for purposes of this lock-up agreement, “family member” means any relationship by blood, marriage or adoption, not
more remote than first cousin); (c) transfers of Lock-Up Securities to a charity or educational institution; or (d) if the undersigned,
directly or indirectly, controls a corporation, partnership, limited liability company or other business entity, any transfers
of Lock-Up Securities to any shareholder, partner or member of, or owner of similar equity interests in, the undersigned, as the
case may be; provided that in the case of any transfer pursuant to the foregoing clauses (b), (c) or (d), (i) any such
transfer shall not involve a disposition for value, (ii) each transferee shall sign and deliver to the Representatives a lock-up
agreement substantially in the form of this lock-up agreement and (iii) no filing under Section 16(a) of the Exchange Act shall
be required or shall be voluntarily made. The undersigned also agrees and consents to the entry of stop transfer instructions
with the Company’s transfer agent and registrar against the transfer of the undersigned’s Lock-Up Securities except
in compliance with this lock-up agreement.

 

     

     

    

 

If
the undersigned is an officer or director of the Company, (i) the undersigned agrees that the foregoing restrictions shall be
equally applicable to any issuer-directed or “friends and family” Shares that the undersigned may purchase in the
Public Offering; (ii) the Representative agrees that, at least three (3) business days before the effective date of any release
or waiver of the foregoing restrictions in connection with a transfer of Lock-Up Securities, the Representative will notify the
Company of the impending release or waiver; and (iii) the Company has agreed in the Underwriting Agreement to announce the impending
release or waiver by press release through a major news service at least two (2) business days before the effective date of the
release or waiver. Any release or waiver granted by the Representative hereunder to any such officer or director shall only be
effective two (2) business days after the publication date of such press release. The provisions of this paragraph will not apply
if (a) the release or waiver is effected solely to permit a transfer of Lock-Up Securities not for consideration and (b) the transferee
has agreed in writing to be bound by the same terms described in this lock-up agreement to the extent and for the duration that
such terms remain in effect at the time of such transfer.

 

No
provision in this agreement shall be deemed to restrict or prohibit the exercise, exchange or conversion by the undersigned of
any securities exercisable or exchangeable for or convertible into Shares, as applicable; provided that the undersigned
does not transfer the Shares acquired on such exercise, exchange or conversion during the Lock-Up Period, unless otherwise permitted
pursuant to the terms of this lock-up agreement. In addition, no provision herein shall be deemed to restrict or prohibit the
entry into or modification of a so-called “10b5-1” plan at any time (other than the entry into or modification of
such a plan in such a manner as to cause the sale of any Lock-Up Securities within the Lock-Up Period).

 

The
undersigned understands that the Company and the Representative are relying upon this lock-up agreement in proceeding toward consummation
of the Public Offering. The undersigned further understands that this lock-up agreement is irrevocable and shall be binding upon
the undersigned’s heirs, legal representatives, successors and assigns.

 

The
undersigned understands that, if the Underwriting Agreement is not executed by [•], 2018, or if the Underwriting Agreement
(other than the provisions thereof which survive termination) shall terminate or be terminated prior to payment for and delivery
of the Shares to be sold thereunder, then this lock-up agreement shall be void and of no further force or effect.

 

Whether
or not the Public Offering actually occurs depends on a number of factors, including market conditions. Any Public Offering will
only be made pursuant to an Underwriting Agreement, the terms of which are subject to negotiation between the Company and the
Representative.

 

[SIGNATURE
PAGE FOLLOWS]

    	 	2	 

     

    

 

	 	Very
    truly yours,
	 	 
	 	 
	 	(Name
    - Please Print)
	 	 
	 	 
	 	(Signature)
	 	 
	 	 
	 	(Name
    of Signatory, in the case of entities - Please Print)
	 	 
	 	 
	 	(Title
    of Signatory, in the case of entities - Please Print)
	 	 	 
	 	Address:	 
	 	 	 
	 	 	 

 

 

3Exhibit 10.11

 

ESCROW
AGREEMENT

 

THIS
AGREEMENT (this “Agreement”) is made this __________________ by and among CLPS Incorporation, a Cayman
Islands company (the “Issuer”), the Underwriter whose name and address appears on the Information Sheet (as
defined herein) attached to this Agreement and Continental Stock Transfer & Trust Company, 1 State Street, 30th Floor, New
York, New York 10004 (the “Escrow Agent”). Capitalized term used herein and not otherwise defined herein shall
have the respective meaning set forth in the Underwriting Agreement (as defined below).

 

W
I T N E S S E T H:

 

WHEREAS,
the Issuer has filed with the Securities and Exchange Commission (the “Commission”) a Registration Statement (the
“Registration Statement”) covering a proposed public offering of its common shares (the “Securities”);

 

WHEREAS,
the Underwriter proposes, pursuant to the terms of the Registration Statement and that certain Underwriting Agreement, dated as
of ____, 2018, by and between the Underwriter and the Issuer (the “Underwriting Agreement”) to offer the Securities,
as agent for the Issuer, for sale in an initial public offering of the Company’s securities to the public on a firm commitment
basis (the “Offering”);

 

WHEREAS,
the Registration Statement contemplates the execution and delivery of this Agreement and the deposit by Issuer with the Escrow
Agent of $200,000.00 (the “Escrow Amount”) in order to provide source of funding for certain indemnification
obligations of Issuer as described in the Registration Statement and the Underwriting Agreement, and the parties hereto wish such
deposit to be subject to the terms and conditions set forth herein and in the Underwriting Agreement;

 

WHEREAS,
the Issuer and the Underwriter propose to establish an Escrow Account (the “Escrow Account”), to which the
Escrow Amount is be credited, and the Escrow Agent is willing to establish the Escrow Account and the terms thereof are subject
to the conditions hereinafter set forth;

 

NOW,
THEREFORE in consideration of the premises and mutual covenants herein contained, the parties hereto hereby agree as follows:

 

		1	Information
                                         Sheet. Each capitalized term not otherwise defined in this Agreement shall have
                                         the meaning set forth for such term on the information sheet which is attached to this
                                         Agreement and is incorporated by reference herein and made a pact hereof (the “Information
                                         Sheet”).

 

		2	Establishment
                                         of the Bank Account.

 

		2.1	The
                                         Escrow Agent shall establish a non-interest bank account at the branch of JP Morgan Chase
                                         selected by the Escrow Agent, and bearing the designation set forth on the Information
                                         Sheet (heretofore defined as the “Bank Account”). The purpose of the
                                         Bank Account is for (a) the deposit of the Escrow Amount by the Issuer to the Escrow
                                         Agent, (b) the holding of the Escrow Amount and (c) the disbursement of the Escrow Amount,
                                         all as described herein.

 

     

     

    

 

		3	Deposits
                                         to the Bank Account.

 

		3.1	The
                                         Issuer shall upon execution of this Agreement deliver to the Escrow Agent, by wire transfer
                                         in accordance with the wire transfer instructions set forth on the Information Sheet,
                                         the Escrow Amount. Upon the Escrow Agent’s receipt of the Escrow Amount, it shall
                                         be credited to the Escrow Account.

 

		3.2	Promptly
                                         after receiving the Escrow Amount as described in Section 3.1, the Escrow Agent shall
                                         deposit the same into the Bank Account. The Escrow Agent shall cause the Bank to process
                                         the Escrow Amount for collection through the banking system.

 

		4	Disbursement
                                         from the Bank Account.

 

		4.1	Promptly
                                         following the date that is eighteen (18) months after the closing of the Offering, the
                                         Escrow Agent shall retain in the Escrow Account such amount that is the subject of all
                                         claim notices delivered by the Underwriter to the Issuer in accordance with Section 5
                                         of the Underwriting Agreement, and shall pay the remaining balance of the Escrow Account,
                                         if any, to the Issuer (subject to withholding as applicable) based on a Joint Release
                                         Instruction.

 

		4.2	In
                                         the event that the Underwriter delivers a claim notice in accordance with Section 5 of
                                         the Underwriting Agreement on or prior to the day that is that is eighteen (18) months
                                         after the closing of the Offering, as applicable, the Escrow Agent shall continue to
                                         hold in escrow and shall not release, an amount of funds then held in escrow equal to
                                         the lesser of: (i) the amount claimed by the Underwriter which is payable to the Underwriter
                                         in accordance with the terms of Section 5 of the Underwriting Agreement (but not in any
                                         event in excess of the Escrow Amount); or (ii) the balance of the Escrow Account which
                                         is available for release and distribution to the Issuer. The portion of the Escrow Account
                                         in excess of the amount specified in clause (i) of the preceding sentence (as may be
                                         the subject of one or more timely delivered claim notices) shall be released by the Escrow
                                         Agent as specified in Section 4.1 (as may be applicable). With respect to the amounts
                                         specified in any such timely delivered claim notices, the Escrow Agent shall promptly
                                         disburse funds from the Escrow Account within three (3) Business Days after delivery
                                         to the Escrow Agent of: (i) a Joint Release Instruction, as may be directed in such Joint
                                         Release Instruction; or (ii) if the Underwriter and the Issuer are unable for any reason
                                         to issue a Joint Release Instruction (including in any case in which the Underwriter
                                         and the Issuer are unable to agree on the terms of a Joint Release Instructions), within
                                         ten (10) Business Days following the request of a party to issue such Joint Release Instruction,
                                         as specified in the terms of a Final Determination.

 

		4.3	For
                                         purposes of this Agreement: (a) “Business Day” means any day that
                                         is not a Saturday, a Sunday or other day on which commercial banks located in New York,
                                         New York, are obligated or authorized by applicable law to remain closed for business;
                                         (b) “Final Determination” means a final non-appealable order of any
                                         court of competent jurisdiction which may be issued, together with (A) a certificate
                                         of the prevailing party to the effect that such judgment is final and non-appealable
                                         and from a court of competent jurisdiction having proper authority and (B) the written
                                         payment instructions of the prevailing party; and (c) “Joint Release Instruction”
                                         means a joint written instruction of the Underwriter and the Issuer which is executed
                                         by the Underwriter and the Issuer, to the Escrow Agent directing the Escrow Agent to
                                         disburse all or a portion of the Escrow Fund, as applicable.

 

    	 	2	 

     

    

 

		4.4	Upon
                                         disbursement of the Escrow Amount pursuant to the terms of this Article 4, the Escrow
                                         Agent shall be relieved of all further obligations and released from all liability under
                                         this Agreement. It is expressly agreed and understood that in no event shall the aggregate
                                         amount of payments made by the Escrow Agent exceed the amount of the Escrow Amount.

 

		5	Rights,
                                         Duties and Responsibilities of Escrow Agent. It is understood and agreed that
                                         the duties of the Escrow Agent are purely ministerial in nature, and that:

 

		5.1	The
                                         Escrow Agent shall not be responsible for or be required to enforce any of the terms
                                         or conditions of the Underwriting Agreement or any other agreement between the Underwriter
                                         and the Issuer nor shall the Escrow Agent be responsible for the performance by the Underwriter
                                         or the Issuer of their respective obligations under this Agreement.

 

		5.2	The
                                         Escrow Agent shall be entitled to rely upon the accuracy, act in reliance upon the contents,
                                         and assume the genuineness of any notice, instruction, certificate, signature,
                                         instrument or other document which is given to the Escrow Agent pursuant to this Agreement
                                         without the necessity of the Escrow Agent verifying the truth or accuracy thereof. The
                                         Escrow Agent shall not be obligated to make any inquiry as to the authority, capacity,
                                         existence or identity or any person purporting to give any such notice or instructions
                                         or to execute any such certificate, instrument or other document.

 

		5.3	If
                                         the Escrow Agent is uncertain as to its duties or rights hereunder or shall receive instructions
                                         with respect to the Bank Account, the Escrow Amount which, in its sole determination,
                                         are in conflict either with other, instructions received by it or with any provision
                                         of this Agreement, it shall be entitled to hold the Escrow Amount or a portion thereof,
                                         in the Bank Account pending the resolution of such uncertainty to the Escrow Agent’s
                                         sole satisfaction, by final judgment of a court or courts of competent jurisdiction or
                                         otherwise; or the Escrow Agent, at its sole option, may deposit the Escrow Amount with
                                         the Clerk of a court of competent jurisdiction in a proceeding to which all parties in
                                         interest are joined. Upon the deposit by the Escrow Agent of the Escrow Amount with the
                                         Clerk of any court, the Escrow Agent shall be relieved of all further obligations and
                                         released from all liability hereunder.

 

		5.4	The
                                         Escrow Agent shall not be liable for any action taken or omitted hereunder, or for the
                                         misconduct of any employee, agent or attorney appointed by it, except in the case of
                                         willful misconduct or negligence. The Escrow Agent shall be entitled to consult with
                                         counsel of its own choosing.

 

    	 	3	 

     

    

 

		5.5	The
                                         Escrow Agent shall have no responsibility at any time to ascertain whether or not any
                                         security interest exists in the Escrow Amount or any part thereof or to file any statement
                                         under the Uniform Commercial Code with respect to the Escrow Amount or any part thereof.

 

		6	Amendment;
                                         Resignation. This Agreement may be altered or amended only with the written consent
                                         of the Issuer, the Underwriter and the Escrow Agent.

 

		6.1	The
                                         Escrow Agent may resign for any reason upon thirty (30) business days’ written
                                         notice to the Issuer and the Underwriter. Should the Escrow Agent resign as herein provided,
                                         it shall not be required to make any disbursement or otherwise dispose of the Escrow
                                         Amount, but its only duty shall be to hold the Escrow Amount until they clear the banking
                                         system for a period of not more than five (5) business days following the effective date
                                         of such resignation, at which time (a) if a successor escrow agent shall have been appointed
                                         and written notice thereof (including the name and address of such successor escrow agent)
                                         shall have been given to the resigning Escrow Agent by the Issuer, the Underwriter and
                                         such successor escrow agent, then the resigning Escrow Agent shall pay over to the successor
                                         escrow agent the Escrow Amount, less any portion thereof previously paid out in accordance
                                         with this Agreement; or (b) if the resigning Escrow Agent shall not have received written
                                         notice signed by the Issuer, the Underwriter and a successor escrow agent, then the resigning
                                         Escrow Agent shall promptly deposit the Escrow Amount with the Clerk of a court of competent
                                         jurisdiction in a proceeding to which all parties in interest are joined. Upon the deposit
                                         by the Escrow Agent of the Escrow Amount with the Clerk of any court, the Escrow Agent
                                         shall be relieved of all further obligations and released from all liability hereunder.
                                         Without limiting the provisions of Section 8 hereof, the resigning Escrow Agent shall
                                         be entitled to be reimbursed by the Issuer and the Underwriter for any actual and reasonable
                                         expenses incurred in connection with its resignation, transfer of the Escrow Amount to
                                         a successor escrow agent or distribution of the Escrow Amount pursuant to this Section
                                         6.

 

		7	Representations
                                         and Warranties. The Issuer and the Underwriter hereby jointly and severally represent
                                         and warrant to the Escrow Agent that:

 

		7.1	No
                                         party other than the parties hereto have, or shall have, any lien, claim or security
                                         interest in the Escrow Amounts or the Fund or any part thereof.

 

		7.2	No
                                         financing statement under the Uniform Commercial Code is on file in any jurisdiction
                                         claiming a security interest in or describing (whether specifically or generally) the
                                         Escrow Amount or any part thereof.

 

		7.3	Reasonable
                                         controls have been established and required due diligence performed to comply with “Know
                                         Your Customer” regulations, USA Patriot Act, Office of the Foreign Asset Control
                                         (OFAC) regulations and the Bank Secrecy Act.

 

		8	Fees
                                         and Expenses. The Escrow Agent shall be entitled to the Escrow Agent Fees set
                                         forth on the Information Sheet, payable as and when stated therein. In addition, the
                                         Issuer and the Underwriter jointly and severally agree to reimburse the Escrow Agent
                                         for any reasonable expenses incurred in connection with this Agreement, including, but
                                         not limited to, reasonable counsel fees. Upon receipt of the Escrow Amount, the Escrow
                                         Agent shall have a lien thereupon to the extent of its fees for services as Escrow Agent.

 

    	 	4	 

     

    

 

		9	Indemnification
                                         and Contribution.

 

		9.1	The
                                         Issuer and the Underwriter (collectively referred to as the “Indemnitors”)
                                         jointly and severally agree to indemnify the Escrow Agent and its officers, directors,
                                         employees, agents and shareholders (collectively referred to as the “ Indemnitees”)
                                         against, and hold them harmless of and from, any and all loss, liability, cost, damage
                                         and expense, including without limitation, reasonable counsel fees, which the Indemnitees
                                         may suffer or incur by reason of any action, claim or proceeding brought by a third party
                                         against the Indemnitees arising out of or relating in any way to this Agreement or any
                                         transaction to which this Agreement relates, unless such action, claim or proceeding
                                         is the result of the willful misconduct or gross negligence of the Indemnitees.

 

		9.2	If
                                         the indemnification provided for in Section 9.1 is applicable, but for any reason is
                                         held to be unavailable, the Indemnitors shall contribute such amounts as are just and
                                         equitable to pay, or to reimburse the Indemnitees for, the aggregate of any and all losses,
                                         liabilities, costs, damages and expenses, including counsel fees, actually incurred by
                                         the Indemnitees as a result of or in connection with, and any amount paid in settlement
                                         of, any action, claim or proceeding arising out of or relating in any way to any actions
                                         or omissions of the Indemnitors.

 

		9.3	The
                                         provisions of this Article 9 shall survive any termination of this Agreement, whether
                                         by disbursement of the Escrow Amount, resignation of the Escrow Agent or otherwise.

 

		10	Governing
                                         Law and Assignment. This Agreement shall be construed in accordance with and
                                         governed by the laws of the State of New York and shall be binding upon the parties hereto
                                         and their respective successors and assigns; provided, however, that any assignment or
                                         transfer by any party of its rights under this Agreement or with respect to the Escrow
                                         Amounts shall be void as against the Escrow Agent unless (a) written notice thereof shall
                                         be given to the Escrow Agent; and (b) the Escrow Agent shall have consented in writing
                                         to such assignment or transfer.

 

		11	Notices.
                                         All notices required to be given in connection with this Agreement shall be sent by registered
                                         or certified mail, return receipt requested, or by hand delivery with receipt acknowledged,
                                         or by the Express Mail service offered by the United States Post Office, and addressed,
                                         if to the Issuer or the Underwriter, at their respective addresses set forth on the Information
                                         Sheet, and if to the Escrow Agent, at its address set forth above, to the attention of
                                         the Trust Department.

 

		12	Severability.
                                         If any provision of this Agreement or the application thereof to any person or circumstance
                                         shall be determined to be invalid or unenforceable, the remaining provisions of this
                                         Agreement or the application of such provision to persons or circumstances other than
                                         those to which it is held invalid or unenforceable shall not be affected thereby and
                                         shall be valid and enforceable to the fullest extent permitted by law.

 

		13	Execution
                                         in Several Counterparts. This Agreement may be executed in several counterparts
                                         or by separate instruments, and all of such counterparts and instruments shall constitute
                                         one agreement, binding on all of the parties hereto.

 

		14	Entire
                                         Agreement. This Agreement constitutes the entire agreement between the parties
                                         hereto with respect to the subject matter hereof and supersedes all prior agreements
                                         and understandings (written or oral) of the parties in connection therewith.

 

    	 	5	 

     

    

 

IN
WITNESS WHEREOF, the undersigned have executed this Agreement as of the day and year first above written.

 

	THE
    ISSUER		CONTINENTAL
    STOCK TRANSFER & TRUST COMPANY
	 	 	 	 	 
	By:	  	 	By:	        
	Name:	 	 	Name:  	 
	Title:	 	 	Title:	 
	 	 	 	 	 
	 	THE
        UNDERWRITER 
	 	 	 
	By:	 	 	 	 
	Name:	 	 	 	 
	Title:	 	 	 	 

 

    	 	6	 

     

    

 

EXHIBIT
A

 

ESCROW
AGREEMENT INFORMATION SHEET

 

1.     The
Issuer

Name:
CLPS Incorporation

Address:
c/o 2nd Floor, Building 18, Shanghai Pudong Software Park, 498 Guoshoujing Road, Pudong, Shanghai 201203, People’s Republic
of China

 

2.    The
Underwriter

Name:
The Benchmark Company, LLC, as representative of the underwriters

Address:
150 East 58th Street, 17th Floor, New York, New York 10155

 

3.     Title
of Escrow Account

“CST&T
as agent for CLPS Incorporation and The Benchmark Company, LLC”

 

4.     Escrow
Agent Fees and Charges

$__________________
for the first 6 months: $_____________ payable at signing of the Escrow Agreement, plus $________________ prior to the Closing.
(Note: $250.00 online “view only” access to the bank account is included). A fee of $500 will be payable for document
review services related to each amendment/extension to the Escrow Agreement. Should the Escrow Agent continue for more than six
months, the Escrow Agent shall receive a fee of $600.00 per month, or any portion thereof, payable in advance or the first business
day of the month.

 

Distribution
charges:

$10.00
per check

$50.00
per wire

$100.00
per check returned (NSF) check

$100.00
lost check replacement fee

$50.00
per DWAC (share movement to DTC)

 

5      Escrow
Agent Wire Transfer Instructions

[__]

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