Document:

qk-ex421_104.htm

Exhibit 4.21

Equity Transfer Agreement of 

Shanghai Qingke Investment Consulting Co., Ltd.

 

 

This Agreement is made and entered into on this 26th day of October, 2021 in Shanghai by and between:

 

Transferor: Qingke (China) Limited (hereinafter referred to as "Party A"), Company Registration No.: 2116935, Address: Room D, 10/F, Tower A, Billion Centre, 1 Wang Kwong Road, Kowloon Bay, Kowloon, Hong Kong; and

Transferee: WANGXIANCAI LIMITED (hereinafter referred to as "Party B"), Company Registration No.: 3048118, Address: FLAT 1506,15/F LUCKY CTR NO 165-171 WAN CHAI RD WAN CHAI HK

 

The registered capital of Shanghai Qingke Investment Consulting Co., Ltd. (hereinafter referred to as the "Subject Company") is USD40 million, of which USD40 million was contributed by Party A, accounting for 100% thereof. In accordance with the relevant laws and regulations, both Parties to this Agreement have reached the following terms through amicable consultation:

 

 

 

 

Article 1 (Subject Matter of the Equity Transfer and Transfer Price)

1. Party A shall transfer 100% of the equity of the Subject Company held by it (i.e. the capital contribution of USD40 million subscribed by it) to Party B at a price of USD1 (SAY USD ONE ONLY). Thereafter, the unpaid capital contribution to the Subject Company (if any) shall be paid up by Party B.

2. As at the date of this Agreement, Party B shall be entitled to the interests under 100% of the equity of the Subject Company (i.e. the capital contribution of USD40 million subscribed by it) and assume the related shareholder's obligations, and other rights attached to the equity shall be transferred together with the transfer of the equity.

 

Article 2 (Undertakings and Warranties)

Party A warrants that the equity transferred to Party B under Article 1 hereof is legally owned by Party A and Party A has the full and effective right to dispose thereof. Party A warrants that the equity transferred by it is not subject to any pledge or other security right and is free from recourse by any third party.

 

Article 3 (Liability for Breach of Contract)

In case of any breach of contract, the breaching Party shall assume all the responsibilities.

 

 

 

Article 4 (Method of Dispute Resolution)

This Agreement shall be governed by and construed in accordance with the relevant laws of the People's Republic of China.

Any dispute arising out of or in connection with this Agreement shall be resolved by both Parties through friendly consultation. If the consultation fails, either Party may directly bring a suit in a people's court.

 

Article 5 (Miscellaneous)

1. This Agreement is made in three originals, one for each Party, and one for the Subject Company for completing the relevant formalities.

2. This Agreement shall come into effect upon being signed by both Parties.

 

(The remainder of this page intentionally left blank, and the next page is the signature page)

 

 

 

 

 

(This page is the signature page of the Equity Transfer Agreement of Shanghai Qingke Investment Consulting Co., Ltd.)

 

Party A: Qingke (China) Limited

Representative (Signature): /s/ Chengcai Qu

 

Party B: WANGXIANCAI LIMITED

Representative (Signature): /s/ Xiancai Wang

 

Date: October 26, 2021Exhibit 10.2

 

WAIVER AND CONSENT AGREEMENT

 

This waiver and consent agreement
(this “Agreement”) is made and entered into as of November 3, 2021 (the “Effective Date”),
by and between Smartmetric, Inc., a Nevada corporation (the “Company”), and AJB Capital Investments, LLC, a
Delaware limited liability company (“AJB”).

 

R E C I T A L S

 

WHEREAS, prior to the
date hereof, the Company and AJB entered into that certain securities purchase agreement dated as of July 23, 2021 (the “SPA”),
pursuant to which the Company issued securities to AJB, including but not limited to a promissory note in the principal amount of $300,000
(the “Note”);

 

WHEREAS, the Company
desires to effect offerings of its securities that do not qualify as Exempt Issuances under the SPA (the “Future Offerings”);

 

WHEREAS, Section 4(d)
of the SPA prohibits the Company from conducting any equity financing during the period beginning on the Closing Date (as defined in the
SPA) and ending twelve (12) months following the Closing Date unless the Company first delivers to AJB a written notice describing the
proposed offering and providing AJB an option to purchase the securities being offered in such offering (the “Right of First
Refusal”);

 

WHEREAS, Section 2.3
of the Note prohibits the Company from incurring any liability for borrowed money so long as the Company has any obligation under the
Note (the “Borrowing Restriction”); and

 

WHEREAS, in connection
with the issuance of the GHS Note and the Future Offerings, AJB desires to: (i) waive the Right of First Refusal, the Borrowing Restriction,
and any other restrictions set forth in the SPA and the Note that may prohibit the Company from issuance of securities in the Future Offerings
(collectively, the “Restrictions”) and (ii) consent to the issuance of the GHS Note and the effecting of the
Future Offerings.

 

     

     

    

 

NOW, THEREFORE, in
consideration of the mutual covenants of the parties as hereinafter set forth and for other good and valuable consideration, the receipt
and sufficiency of which is hereby acknowledged, the parties hereto hereby agree as follows:

 

A G R E E M E N T

 

1. Incorporation of
Recitals. The above recitals are hereby incorporated into this Agreement and shall constitute a part of this Agreement.

 

2. Waiver and Consent.

 

(a) AJB hereby waives the Restrictions
to the fullest extent necessary for the purpose of permitting the Company to effect any Future Offerings for a period of one year as of
the Effective Date and to issue debt or equity securities at any of such Future Offerings.

 

(b) The Parties agree to
execute and/or deliver such other documents and agreements as are customary and reasonably necessary to effectuate this Agreement.

 

(c) This Agreement constitutes
a waiver and consent and is limited to the matters expressly consented to and waived herein.

 

3. Amendment.

 

(a) The Parties agree to
amend Section 4(o) of the SPA by deleting it in its entirety and replacing it with the following (for the avoidance of doubt Section 4(o)(i)
is not being deleted or amended but being retained as set forth in the SPA):

 

“o. Commitment Fee Shares.
The Company shall pay to Buyer, as a commitment fee, Two Hundred Fifty Thousand and No/100 United States Dollars (US$250,000.00) (the
“Commitment Fee”) by issuing to Buyer that number of shares of the Company’s Common Stock equal to such amount at a
per share price of $0.01. It is agreed that the number of shares of Common Stock issuable to Buyer under this Section 4(o) shall be 25,000,000
(the “Commitment Fee Shares”). The Commitment Fee Shares are issuable by the Company’s transfer agent (the “Transfer
Agent”) in three (3) certificates or book entry statements, in two certificates representing 6,250,000 of the Commitment Fee Shares
issuable to the Buyer immediately upon the Company’s execution of this Agreement and an additional certificate representing 12,500,000
shares issuable to the Holder not later than November 8th, 2021. The Buyer shall never be in possession of an amount of Common Stock greater
than 4.99% of the issued and outstanding Common Stock of the Company provided, however that this ownership restriction described in this
Section may be waived by Buyer, in whole or in part, upon 61 days’ prior written notice. In the event such certificates representing
the Commitment Fee Shares issuable hereunder shall not be delivered to the Buyer, same shall be an immediate default under this Agreement
and the other Transaction Documents. The Commitment Fee Shares when issued, shall be deemed to be validly issued, fully paid, and non-assessable
shares of the Company’s Common Stock. The Commitment Fee Shares shall be deemed fully earned as of the Effective Date, regardless
of the amount or number of Loans made hereunder;”

 

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(b) The Parties agree to amend
Section 4(o) of the SPA by deleting clause (ii) thereof in its entirety.

 

(c) The Company shall deliver
12,500,000 shares of its common stock (the “Additional Shares”) on the Effective Date. As of the Effective Date,
AJB shall be deemed for all purposes to become the holder of record of the Additional Shares, irrespective of the date such shares are
credited to the Holder’s or its designee’s balance account.

 

(d) The Parties agree to amend
Section 4(d) by deleting it in its entirety.

 

(e) The Parties agree to amend
Section 1.2 of the Note by deleting the second paragraph in its entirety that relates to 3(a)9 conversions.

 

4. Representations
and Warranties of the Company. The Company hereby represents and warrants to AJB:

 

(a) The Company is a corporation
duly organized, validly existing and in good standing under the laws of the State of Nevada. The Company is duly qualified to transact
business and is in good standing in each jurisdiction in which the failure to so qualify would have a material adverse effect on its business
or properties.

 

(b) All corporate action on
the part of the Company, its officers, directors and stockholders necessary for the authorization, execution and delivery of this Agreement
and the performance of all obligations of the Company hereunder, and the authorization (or reservation for issuance of) and issuance of
the Additional Shares have been taken on or prior to the execution of this Agreement.

 

(c) The Additional Shares, when
issued and delivered in accordance with the terms of this Agreement, for the consideration expressed herein, will be duly and validly
issued, fully paid and non-assessable.

 

(d) The Company has not violated
any law or any governmental regulation or requirement which violation has had or would reasonably be expected to have a material adverse
effect on its business and the Company has not received written notice of any such violation.

 

(e) No consent, waiver, approval
or authority of any nature, or other formal action, by any person or entity, not already obtained, is required in connection with the
execution and delivery of this Agreement by the Company or the consummation by the Company of the transactions provided for herein and
therein.

 

(f) The Company confirms that
neither the Company nor any other person acting on its behalf has provided AJB or its agents or counsel with any information that constitutes
or could reasonably be expected to constitute material, nonpublic information. The Company understands and confirms that AJB will rely
on the foregoing representations in effecting transactions in the securities of the Company.

 

(g) The obligation of the Company
to consummate the transactions contemplated by this Agreement is not subject to any conditions or actions of any third party not expressly
set forth herein.

 

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5. Representations
and Warranties of AJB. The AJB hereby represents and warrants to the Company that:

 

(a) It has the requisite power
and authority to enter into this Agreement and consummate the Settlement.

 

(b) It is the record and
beneficial owner of, and has valid and marketable title to, the Note, free and clear of any lien, pledge, restriction or other encumbrance
(other than restrictions arising pursuant to applicable securities laws).

 

6. Effect on SPA and
Note. Except as expressly set forth herein, the terms and conditions of the SPA and the Note shall remain in full force and effect
and each of the parties hereto reserves all rights with respect to any other matters and remedies.

 

7. Miscellaneous.

 

(a) This Agreement contains
the entire agreement of the parties hereto with respect to the subject matter hereof and supersedes all prior agreements and understandings,
oral or written, with respect to such matters. This Agreement shall inure to the benefit of and be binding upon the Company and AJB and
their respective successors and permitted assigns in accordance with this Agreement. This Agreement may not be amended, modified or supplemented,
and no provision of this Agreement may be waived, other than by a written instrument duly executed and delivered by a duly authorized
representative of each party hereto.

 

(b) This Agreement shall be
governed by and construed in accordance with the laws of the State of New York without regards to principles of conflicts of laws. Any
action brought by either party against the other concerning the transactions contemplated by this Agreement shall be brought only in the
state courts located in the State of New York or in the federal courts located in the State of New York. The parties to this Agreement
hereby irrevocably waive any objection to jurisdiction and venue of any action instituted hereunder and shall not assert any defense based
on lack of jurisdiction or venue or based upon forum non conveniens.

 

(c) This Agreement may be executed
in any number of counterparts, each of which when so executed shall be deemed to be an original and, all of which taken together shall
constitute one and the same Agreement. In the event that any signature is delivered by facsimile transmission, such signature shall create
a valid binding obligation of the party executing (or on whose behalf such signature is executed) the same with the same force and effect
as if such facsimile signature were the original thereof.

 

(d) None of the Company, its
subsidiaries, any of their affiliates, or any person acting on its or their behalf shall, directly or indirectly, make any offers or sales
of any security (as defined in the Securities Act of 1933, as amended (the “Securities Act”) or solicit any
offers to buy any security or take any other actions, under circumstances that would require registration of any of the Additional Shares
under the Securities Act or cause this offering of the Additional Shares to be integrated with such offering or any prior offerings by
SMME for purposes of Regulation D under the Securities Act.

 

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(e) Each of the Parties shall
pay its own respective costs and attorneys’ fees incurred with respect to this Agreement.

 

(f) This Agreement may be executed
in one or more counterparts, each of which shall be deemed to be an original, but all of which together shall constitute one and the same
instrument, provided that each Party receives a signed counterpart of the other Party. An executed counterpart copy delivered by facsimile
or otherwise electronically transmitted (such as via e-mail in PDF format) shall be deemed an original and have the same force and effect
as an original signature. This Agreement shall not be binding unless executed by and delivered to the Parties.

 

 

[SIGNATURE PAGE FOLLOWS]

 

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IN WITNESS WHEREOF,
the parties hereto have caused this Agreement to be duly executed on the date first above written.

 

	 	COMPANY:
	 	 
	 	SMARTMETRIC, INC.
	 	 
	 	By:	/s/ Chaya Coleena Hendrick
	 	Name:	Chaya Coleena Hendrick
	 	Title:	Chief Executive Officer
	 	 	 
	 	 	 
	 	AJB:
	 	 	 
	 	AJB CAPITAL INVESTMENTS, LLC
	 	 	 
	 	By:	/s/ Ari Blaine
	 	Name:	Ari Blaine
	 	Title:	Partner

 

 

[Signature Page to Waiver and Consent Agreement]

  

     

     

    

 

EXHIBIT A

 

GHS SPA AND GHS NOTE

 

[Attached Hereto]

 

 

[Exhibit A to Waiver and Consent Agreement]

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