Document:

EXHIBIT 10.1

    

    

    

    
      INDEPENDENT CONTRACTOR AGREEMENT

       

      This Independent Contractor Agreement (this “Agreement”) is made and entered into by and between Better Choice Company, Inc. (the “Company”) and the undersigned (“Contractor”), effective as of the date executed by the parties below (the “Effective Date”).

       

      1.           Term. The independent contractor arrangement set forth in this Agreement shall commence as of the Effective Date and shall
        terminate on the fifth anniversary thereof (the “Term”).  The Term may be terminated earlier by either party by providing ninety (90) days’ notice of such intent to terminate to the other party, or renewed
        or extended, in each case, by mutual agreement of the parties.

       

      2.           Services. Contractor shall act as an independent contractor to the Company. In this capacity, Contractor’s primary
        responsibilities and objectives shall be as special advisor to the Chief Executive Officer, C-Suite executives and the board of directors of the Company (the “Board”) and to advise the Company on global
        cannabis best practices (the “Services”). Contractor represents and warrants that Contractor has no obligations to any other person or entity that would conflict with Contractor’s ability to perform the
        Services, provided that during the period commencing as of the date hereof and ending on the earlier of (i) July 3, 2021; and (ii) the termination of this Agreement in accordance with its terms, neither the
        Company nor any of its affiliates, alone or in partnership or association with any other person, corporation, partnership, business, or entity, shall be engaged in the growing, extraction, and sales of cannabis and cannabis related products within
        Canada. The Company may not, without the prior consent of Contractor, make a public announcement in connection with Contractor’s Services and Contractor’s investment in the Company, including, the Incentive Warrants (as defined below); provided,
        however, that nothing in the foregoing shall prevent the Company from making any filings required to be made pursuant to the Securities Act of 1933, the Securities Exchange Act of 1934 or otherwise as required by applicable law or regulation.

       

      3.           Compensation. Contractor shall be eligible to receive the following compensation on, or as soon as reasonably practicable
        following, the Effective Date in consideration for the Services provided hereunder:

       

      a)          The Company will issue Contractor 2,500,000 share purchase warrants (the “Warrants”), with each Warrant entitling Contractor to acquire one
        share of common stock of the Company (the “Common Stock”) at a price of $0.10 per Common Stock, which Warrants: (A) shall vest as follows: (i) 50% of the Warrants, being 1,250,000 Warrants (the “Tranche 1 Warrants”), will vest and be exercisable upon the earlier of (Y)  twelve-month anniversary of the Effective Date or (Z) immediately prior to a Change in Control (as such term is defined under the
        Company’s 2019 Incentive Award Plan) (a “Change in Control”) and (ii) the remaining 50% of the Warrants, being 1,250,000 Warrants (the “Tranche 2 Warrants”) will vest
        and be exercisable upon the earlier of (Y) the eighteen-month anniversary of the Effective Date or (Z) immediately prior to a Change in Control, in each case, subject to Contractor’s continued service to the Company through such date, (B) will have
        a term expiring on the tenth anniversary of the Effective Date (the “Expiry Date”); and (C) shall be subject to such other terms and conditions as may be determined by the Board.

       

      b)            The Company will issue Contractor an additional 1,500,000 share purchase warrants (the “Additional Warrants”, together with the Warrants, the
        “Incentive Warrants”), with each Additional Warrant entitling Contractor to acquire one share of Common Stock at a price of $10.00 per Common Stock, which Additional Warrants (A) shall be exercisable on the
        earlier of (Y) the eighteen-month anniversary of the Effective Date or (Z) immediately prior to a Change in Control, in each case, subject to Contractor’s continued service to the Company through such date, (B) will have a term expiring on the
        tenth anniversary of the Effective Date; and (C) shall be subject to such other terms and conditions as may be determined by the Board.

       

      
        

        
          

        

      

      During the term of the Incentive Warrants, should Contractor cease to be engaged by the Company for any reason, other than as a result of a termination by reason of Just Cause (as defined below) or
        as a result of Contractor’s resignation as an independent contractor of the Company, the Incentive Warrants which have not then vested will immediately prior to the date Contractor ceases to be engaged with the Company be deemed to become vested
        and such Incentive Warrants will remain exercisable until the Expiry Date. “Just Cause” as used in the immediately prior sentence shall mean the Contractor’s willful failure to perform his duties (other than
        any such failure resulting from disability) if not cured within 30 days of receiving written notice from the Board detailing that failure.

       

      c)            The Company shall advance to Contractor, in one or more tranches, an amount equal to $250,000 by way of a loan (the “Loan”) pursuant to the
        terms of the promissory note (the “Note”) attached hereto as Exhibit A. The Company shall make the Loan effective immediately upon the Effective Date. Contractor agrees to draw down on the Loan, in
        whole or in part, solely to exercise up to 2,500,000 of the Warrants.

       

      d)           All amounts paid to Contractor under this Agreement shall constitute income from self-employment, and Contractor shall be solely responsible for paying all federal, state, and local
        taxes (including FUTA and FICA) on compensation received. Contractor will indemnify the Company for, and hold it harmless from, any and all liability arising from any failure to pay such taxes and/or Contractor’s tax treatment under this Agreement.

       

      4.          Insider Lock-Up Agreements. Within five (5) business days of the Effective Date, or such other date as the parties mutually
        agree, the Company shall use its commercially reasonable efforts to cause each of the directors and officers of the Company (collectively, the “Insiders”) to enter into a lock-up agreement, upon customary
        terms and conditions, between each Insider and Mr. Linton (each, a “Lock-Up Agreement”). Pursuant to such Lock-Up Agreement, each Insider will agree not to sell, transfer, pledge or otherwise dispose of any
        shares of common stock of the Company or securities exchangeable or convertible into shares of common stock of the Company, subject in all circumstances to customary limitations and exceptions for agreements of this type, and for a period of no
        more than one year from the Effective Date.

       

      5.           Independent Contractor Status. For all purposes, at all times while performing the Services, Contractor shall be an
        independent contractor and not an employee of the Company, including, without limitation, as follows:

       

      a)            No Employee Benefits. Contractor and Contractor’s agents are not eligible for, and shall not participate in or apply for, any
        Company-provided employee benefit plan or program, including without limitation, paid vacation, workers’ compensation, group health insurance, life or disability insurance, paid leave, pension, severance, or unemployment insurance. Should
        Contractor be deemed to have any rights of participation in any such plans, by signing below, Contractor hereby waives such rights freely, knowingly, and voluntarily.

       

      b)          Control of Work. Contractor shall have exclusive control of the method of performing the Services and particular hours of work, and shall
        independently manage and control his/her activities. Contractor and Company shall jointly develop a budget for all expenses anticipated to perform the Services under this Agreement.

       

      6.           Representations and Warranties of the Company. Company represents and warrants to
        Contractor that, as of the date hereof, neither the Company nor any of its affiliates, alone or in partnership or association with any other person, corporation, partnership, business, or entity, is engaged in the growing, extraction, and sales of
        cannabis and cannabis related products within Canada.

       

      
        

        
          

        

      

      7.           Covenants of the Company.
        Company covenants and agrees that during the period commencing as of the date hereof and ending on the earlier of (i) July 3, 2021; and (ii) the termination of this Agreement in accordance with its terms, neither the Company nor any of its
        affiliates, alone or in partnership or association with any other person, corporation, partnership, business, or entity, shall be engaged in the growing, extraction, and sales of cannabis and cannabis related products within Canada.

       

      8.          Indemnification. During and after the term of this Agreement, the Company shall indemnify and hold Contractor harmless to the
        fullest extent permitted by applicable law with regard to any action or inaction of Contractor provided: (a) he acted honestly and in good faith; and (b) in the case of a criminal or administrative action or proceeding that is enforced by a
        monetary penalty, he had reasonable grounds for believing that his conduct was lawful. This Section 8 shall survive any termination of this Agreement.

       

      9.           Confidential Information/Return of Materials. During the Term and at all times thereafter, Contractor shall maintain in
        strict confidence all Confidential Information, and shall not disclose or utilize such Confidential Information for any purpose other than in connection with the performance of Contractor’s duties under this Agreement. “Confidential Information” means all of the Company’s non-public information, in whatever form, including but not limited to information relating to employees, vendors, suppliers, customers, other business affiliates of the
        Company, financial information, trade secrets, business plans and strategies, research and development, and any other information that is confidential, proprietary and not known by the public through no unlawful means. Contractor understands that
        this obligation survives the termination of this engagement with the Company for any reason. Upon the termination of Contractor’s engagement with the Company, all Confidential Information and other Company property shall be immediately returned to
        the Company, and Contractor (or any of Contractor’s agents) shall retain no copies thereof. Contractor is hereby notified that, pursuant to 18 USC § 1833(b), an individual may not be held criminally or civilly liable under any federal or state
        trade secret law for disclosure of a trade secret made: (I) in confidence to a government official, either directly or indirectly, or to an attorney, solely for the purpose of reporting or investigating a suspected violation of law; and/or (II) in
        a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal. Additionally, an individual suing for retaliation based on the reporting of a suspected violation of law may disclose a trade secret to his or
        her attorney and use the trade secret information in the court proceeding, so long as any document containing the trade secret is filed under seal and the individual does not disclose the trade secret except pursuant to court order.

       

      10.         Miscellaneous Provisions.

       

      a)            Notices. All notices, invoices, or other communications to be given hereunder shall be in writing and personally delivered or sent by a
        nationally recognized overnight carrier, postage prepaid, to the Company at its principal place of business and to Contractor at Contractor’s address as then indicated on the Company’s records. Notices shall be deemed effective when personally
        delivered or one (1) day after mailing pursuant to this paragraph.

       

      b)           No Assignment. Contractor may not assign or transfer Contractor’s obligations under this Agreement to any other person or entity without the
        prior written approval of the Company. The terms and provisions of this Agreement shall be binding upon Contractor as well as his/her heirs, executors, administrators, permitted assigns, legal representatives and successors in interest.

       

      
        

        
          

        

      

      c)          Entire Agreement. This Agreement contains the entire understanding of the parties concerning the contractor arrangement between Contractor and
        the Company, and supersedes all prior oral or written understandings and agreements regarding same. This Agreement may be modified only in writing, signed by all parties hereto.

       

      [Signature Page Follows]

       

      

      
        

        
          

        

      

      
        	
                 

              	
                CONTRACTOR

              	
                 

              	
                 

              	
                 

              
	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              
	Signature:	 /s/ Bruce Linton 	
                 

              	Date:	September 17, 2019
	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              
	Print Name:	Bruce Linton	
                 

              	
                 

              	
                 

              
	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              
	
                 

              	COMPANY	
                 

              	
                 

              	
                 

              
	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              
	Signature:	 /s/ Damian Dalla-Longa

              	
                 

              	Date:	September 17, 2019
	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              
	Print Name:	 Damian Dalla-Longa 	
                 

              	
                 

              	
                 

              
	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              
	Title:	Co-CEOExhibit 10.1

 

 

 

 

 

 

 

SHARE TRANSFER AGREEMENT

 

By

 

SkyPeople Foods Holdings Limited

 

a company incorporated in British Virgin
Islands

 

And

 

New Continent International Co., Ltd.

 

a company incorporated in British Virgin
Islands

 

Date: July 18, 2019

 

 

 

 

 

 

 

     

     

    

 

SHARE TRANSFER AGREEMENT

 

This Share Transfer Agreement is made effective
as of the 18th day of July, 2019 by and between SkyPeople Foods Holdings Limited, a company incorporated in British Virgin Islands
(the “SkyPeople BVI” or “Seller”) and New Continent International Co., Ltd., a company incorporated
in British Virgin Islands (“New Continent” or “Buyer”). Buyer and Seller are sometimes hereinafter
collectively referred to as the “Parties” and each individually as a “Party”.

 

WHEREAS:

 

A. The
Seller is the sole owner and shareholder of HeDeTang Holdings (HK) Ltd., a company incorporated in Hong Kong (“HeDeTang
HK”); and

 

B.  HeDeJiaChuan
Holdings Co., Ltd. (“HeDeJiaChuan”) is a company incorporated in China and a wholly owned subsidiary of HeDeTang HK;
and

 

C.  HeDeTang
HK owns 73.41% equity interest of SkyPeople Juice Group Co., Ltd., (“SkyPeople China”) (“HeDeJiaChuan”,
collectively with SkyPeople China and HeDeTang HK as “HeDeTang HK and its subsidiaries”); and

 

D.  Upon
the terms and subject to the conditions set forth in this Agreement, the Seller has agreed to sell all of the issued and outstanding
capital stock of HeDeTang HK held by the Seller to the Buyer; and

 

E.  Buyer
is a company incorporated in British Virgin Islands and Bingke Zhang is the sole shareholder and Director of New Continent.

 

F.  Upon
the terms and subject to the conditions set forth in this Agreement, the Buyer has agreed to purchase all of the issued and outstanding
capital stock of HeDeTang HK from the Seller.

 

    2

     

    

 

NOW THEREFORE,
in consideration of the mutual covenants and agreements herein contained and other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties, intending to be legally bound, covenant and agree as follows:

 

1.  DEFINITIONS

 

1.1  Definitions. 
The following terms have the following meanings in this Agreement, unless the context indicates otherwise:

 

		(a)	“Agreement”
shall mean this Agreement, and all the exhibits and other documents attached or referred hereto, and all amendments and supplements,
if any, hereto;

 

		(b)	“Closing”
shall mean the completion of the Transaction, in accordance with Section 7 hereof, at which the Closing Documents shall be exchanged
by the parties, except for those documents or other items specifically required to be exchanged at a later time;

 

		(c)	“Closing
Date” shall mean a date mutually agreed upon by the parties hereto in writing and in accordance with Section 7 hereof
following the satisfaction or waiver by Buyer and Seller of the conditions precedent set out in Section 5 hereof, respectively,
provided that such date shall be no later than January 30, 2020 unless mutually agreed to in writing by the Parties;

 

		(d)	“Closing
Documents” shall mean the papers, instruments and documents required to be executed and delivered at the Closing pursuant
to this Agreement;

 

		(e)	“Liabilities”
shall include any direct or indirect indebtedness, guaranty, endorsement, claim, loss, damage, deficiency, cost, expense, obligation
or responsibility, fixed or unfixed, known or unknown, asserted choate or inchoate, liquidated or unliquidated, secured or unsecured;

 

		(f)	“Taxes”
shall mean all international, federal, state, provincial and local income taxes, capital gains taxes, value-added taxes, franchise,
personal property and real property taxes, levies, assessments, tariffs, duties (including any customs duties), business license
or other fees, sales, use and any other taxes relating to the assets of the designated party or the business of the designated
party, together with any related charge or amount, including interest, fines, penalties and additions to tax, if any, arising
out of tax assessments;

 

		(g)	“Transaction”
shall mean the purchase of all of the issued and outstanding capital stock of HeDeTang HK by Buyer from the Seller in consideration
as described in section 2.

 

    3

     

    

 

1.2  Currency. 
All references to currency in this Agreement are to RMB Yuan, unless expressly stated otherwise.

 

2.  OFFER,
PURCHASE AND SALE OF SHARES

 

2.1  Offer,
Purchase and Sale of Shares. Subject to the terms and conditions of this Agreement, the Seller hereby covenants and agrees
to sell, assign and transfer to Buyer, and Buyer hereby covenants and agrees to purchase from the Seller, all of the issued and
outstanding capital stock of HeDeTang HK at the Purchase Price as defined below in section 2.2 of this Agreement. The Buyer understands
and agrees that it purchases all the issued and outstanding shares of HeDeTang HK which include all the assets and Liabilities
of HeDeTang HK and its subsidiaries.

 

2.2  Consideration.
Parties agree that the aggregate price of all the issued and outstanding capital stock of HeDeTang HK (the “Shares”)
is 600,000 RMB (the “Purchase Price”), which value is primarily derived from the net equity of HeDeTang HK and its
direct, wholly-owned operating entity HeDeJiaChuan and HeDeTang HK’s 73.41% equity ownership in SkyPeople China. The net
equity value was based upon the preliminary evaluation of HeDeTang HK and its subsidiaries by Shanxi Delixin Assets Evaluation
Co., Ltd. (“Shanxi Delixin”). If the final evaluation amount of HeDeTang HK and its subsidiaries by Shanxi Delixin
is lower than or no more than 10% higher than the Purchase Price, the Parties agree there will be no change to the Purchase Price.
If the final evaluation amount of HeDeTang HK and its subsidiaries by Shanxi Delixin is more than 10% higher than the Purchase
Price, the Parties agree the final evaluation amount shall be the final purchase price.

 

2.3  Payment
of Purchase Price.  600,000 RMB of the Purchase Price shall be paid by cash or shall be converted into USD according to
the central parity rate of USD and RMB published by the People’s Bank of China on the closing date.

 

    4

     

    

 

2.4  Closing. 
The Closing will take place, subject to the terms and conditions of this Agreement, on the Closing Date. This Agreement shall not
be closed until it is approved by the shareholders meeting of the Seller’s parent company, Future FinTech Group Inc.

 

3.  REPRESENTATIONS
AND WARRANTIES OF SELLER

 

Seller represents and warrants to Buyer
that the statements contained in this Article 3 are true and correct as of the date hereof:

 

3.1  Organization
of HeDeTang HK and its subsidiaries.

 

		(a)	HeDeTang
HK and its subsidiaries are corporations duly organized, validly existing and in good standing under the laws of their respective
jurisdictions of incorporation and each has the requisite corporate power and authority to own, lease and carry on its business
as now being conducted. HeDeTang HK and its subsidiaries are duly qualified to do business and are in good standing as foreign
corporations in each of the jurisdictions in which they own property, lease property, do business.

 

		(b)	All
of the issued and outstanding shares of HeDeTang HK have been duly authorized, are validly issued, were not issued in violation
of any pre-emptive rights and are fully paid and non-assessable, are not subject to preemptive rights and were issued in full
compliance with the laws of the Hong Kong. There are no outstanding options, warrants, subscriptions, conversion rights, or other
rights, agreements, or commitments obligating HeDeTang HK to issue any additional shares of HeDeTang HK.

 

		(c)	The
issued and outstanding shares of each of HeDeTang HK’s subsidiaries have been duly authorized, are validly issued, were
not issued in violation of any pre-emptive rights and are fully paid and non-assessable, are not subject to preemptive rights
and were issued in full compliance with all applicable laws. There are no outstanding options, warrants, subscriptions, conversion
rights, or other rights, agreements, or commitments obligating HeDeTang HK or any of its subsidiaries to issue any additional
common stock of any of HeDeTang HKI’s subsidiaries, or any other securities convertible into, exchangeable for, or evidencing
the right to subscribe for or acquire any shares of the common stock of any of HeDeTang HK’s subsidiaries.

 

    5

     

    

 

3.2  Ownership
of Equity.  Seller (i) has good and valid title to and beneficial ownership of the number of shares of capital stock of
HeDeTang HK free and clear of all liens, pledges, security interests and encumbrances, (ii) has not granted any option, warrant
or other right in or to any of the Shares, and (iii) is not a party to any voting trust, voting agreement or shareholder agreement
with respect to the Shares.

 

3.3  Authority. 
Seller has all requisite corporate power and authority to execute and deliver this Agreement and any other document contemplated
by this Agreement (collectively, the “Seller Documents”) to be signed by Seller. The execution and delivery
of each of the Seller Documents by Seller have been duly authorized by its board of directors and approved by the shareholders
owning majority voting power of the Seller. This Agreement has been, and the other Seller Documents when executed and delivered
by Seller as contemplated by this Agreement will be, duly executed and delivered by Seller and this Agreement is, and the other
Seller Documents when executed and delivered by Seller, as contemplated hereby will be, valid and binding obligations of Seller
enforceable in accordance with their respective terms, except:

 

		(a)	as
limited by applicable bankruptcy, insolvency, reorganization, moratorium, and other laws of general application affecting enforcement
of creditors’ rights generally;

 

		(b)	as
limited by laws relating to the availability of specific performance, injunctive relief, or other equitable remedies; and

 

		(c)	as
limited by public policy.

 

 

3.4  Non-Contravention. 
Neither the execution, delivery and performance of this Agreement, nor the consummation of the Transaction, will:

 

 

		(a)	violate
any provision of the Articles of Incorporation, Bylaws or any other documents of HeDeTang HK or any of its subsidiaries or any
applicable laws; or

 

		(b)	violate
any order, writ, injunction, decree, statute, rule, or regulation of any court or governmental or regulatory authority applicable
to HeDeTang HK or its subsidiaries or any of their respective material property or assets.

 

    6

     

    

 

3.5
Compliance with Laws. Each of HeDeTang HK and its subsidiaries is in material compliance with all laws and regulations of
or from any governmental body applicable to its business and assets.

 

3.6  No
Brokers.  None of HeDeTang HK, HeDeTang HK’s subsidiaries or Seller has incurred any obligation or liability to
any party for any brokerage fees, agent’s commissions or finder’s fees in connection with the Transaction contemplated
by this Agreement

 

4.  REPRESENTATIONS
AND WARRANTIES OF BUYER

 

Buyer represents and warrants to Seller
that the statements contained in this Article 4 are true and correct as of the date hereof:

 

4.1  Organization
and Good Standing. Buyer is duly incorporated, organized, validly existing and in good standing under the laws of China
and has all requisite corporate power and authority to own, lease and carry on its business as now being conducted.

 

4.2  Authority. 
Buyer has all requisite corporate power and authority to execute and deliver this Agreement and any other document contemplated
by this Agreement (collectively, the “Buyer Documents”) to be signed by Buyer and to perform its obligations
hereunder and to consummate the transactions contemplated hereby. The execution and delivery of each of the Buyer Documents by
Buyer and the consummation by Buyer of the transactions contemplated hereby have been duly authorized by its board of directors
and approved by the shareholder of the Buyer. This Agreement has been, and the other Buyer Documents when executed and delivered
by Buyer as contemplated by this Agreement will be, duly executed and delivered by Buyer and this Agreement is, and the other Buyer
Documents when executed and delivered by Buyer, as contemplated hereby will be, valid and binding obligations of Buyer enforceable
in accordance with their respective terms, except:

 

		(a)	as
limited by applicable bankruptcy, insolvency, reorganization, moratorium, and other laws of general application affecting enforcement
of creditors’ rights generally;

 

		(b)	as
limited by laws relating to the availability of specific performance, injunctive relief, or other equitable remedies; and

 

		(c)	as
limited by public policy.

 

    7

     

    

 

4.3  Information
Concerning HeDeTang HK and its subsidies.  Buyer is solely responsible for conducting its own due diligence with respect
to HeDeTang HK and its subsidiaries’ liabilities and for gathering enough information upon which to base a decision in purchasing
the Shares. Buyer acknowledges that Seller has not made any representations with respect to HeDeTang HK and its subsidiaries or
their status or as to the value or merit of an investment in the Shares, except as explicitly stated in this Agreement. Buyer understands
that HeDeTang HK and its subsidies are sold “AS IS, WHERE IS”, without any representation or warranty except as explicitly
stated in this Agreement.

 

4.4  Non-Contravention;
Buyers’ Consents. The execution, delivery and performance of this Agreement and the consummation of the transactions
contemplated hereby and thereby do not and will not:

 

		(a)	violate,
or result in a breach of, or constitute an occurrence of default under any provision of, result in the acceleration or cancellation
of any obligation under, or give rise to a right by any third party to terminate or amend its obligations under, any contract
to which Buyer is a party or by which it or its assets or properties are bound, or result in the creation of any encumbrance upon
any of its assets or properties, which violation, breach, default or encumbrance would individually or in the aggregate be material
to Buyer or materially impair or delay or prevent the consummation of the transactions contemplated hereby,

 

		(b)	violate
any applicable Law of any governmental body having jurisdiction over Buyer, which violation would individually or in the aggregate
be materially adverse to Buyer, or

 

		(c)	require
the consent, authorization, order or approval of, filing or registration with, or waiver of any right of first refusal or first
offer from, any governmental body or any third party, that has not been obtained, except as would not individually or in the aggregate
be materially adverse to Buyer.

 

4.5    Litigation. 
There are no actions, suits, claims, investigations or other legal proceedings pending or, to the knowledge of Buyer, threatened
against or by Buyer that challenge or seek to prevent, enjoin or otherwise delay the transactions contemplated by this Agreement. 

 

    8

     

    

 

4.6  Compliance
with Laws. The Buyer is in material compliance with all laws and regulations of or from any governmental body applicable to
its business and assets.

 

4.7  No
Brokers.  Buyer has not incurred any obligation or liability to any party for any brokerage fees, agent’s commissions
or finder’s fees in connection with the Transaction contemplated by this Agreement.

 

5.  CLOSING
CONDITIONS

 

5.1  Conditions
Precedent to Closing by Buyer.  The obligation of Buyer to consummate the Transaction is subject to the satisfaction or
written waiver of the conditions set forth below by a date mutually agreed upon by the parties hereto in writing and in accordance
with Section 7. The Closing of the Transaction contemplated by this Agreement will be deemed to mean a waiver of all conditions
to Closing. These conditions precedent are for the benefit of Buyer and may be waived by Buyer in its sole discretion.

 

		(a)	Representations
and Warranties. The representations and warranties of the Seller set forth in this Agreement will be true, correct and complete
in all respects as of the Closing Date, as though made on and as of the Closing Date.

 

		(b)	Performance.
All of the covenants and obligations that the Seller are required to perform or to comply with pursuant to this Agreement at or
prior to the Closing must have been performed and complied with in all material respects.

 

		(c)	Transaction
Documents. This Agreement and all other documents necessary to consummate the Transaction, all in form and substance reasonably
satisfactory to Buyer, will have been executed and delivered to Buyer.

 

		(d)	Surrender
of Shares.  Seller shall surrender all of the issued and outstanding shares of HeDeTang HK to Buyer endorsed in blank
for transfer from Seller to Buyer.

 

    9

     

    

 

5.2  Conditions
Precedent to Closing by Seller.  The obligation of the Seller to consummate the Transaction is subject to the satisfaction
or written waiver of the conditions set forth below by a date mutually agreed upon by the parties hereto in writing and in accordance
with Section 7. The Closing of the Transaction will be deemed to mean a waiver of all conditions to Closing. These conditions
precedent are for the benefit of the Seller and may be waived by Seller in its sole discretion.

 

		(a)	Representations
and Warranties. The representations and warranties of Buyer set forth in this Agreement will be true, correct and complete
in all respects as of the Closing Date, as though made on and as of the Closing Date.

 

		(b)	Payment
of Purchase Price The Purchase Price has been transferred to the bank accounts of the Seller or its designated bank account
pursuant to Article 2 of this Agreement.

 

		(c)	Performance.
All of the covenants and obligations that the Buyer are required to perform or to comply with pursuant to this Agreement at or
prior to the Closing must have been performed and complied with in all material respects.
	 	 	 

 

		(d)	Transaction
Documents. This Agreement and all other documents necessary to consummate the Transaction, all in form and substance reasonably
satisfactory to Seller, will have been executed and delivered to Seller.

 

6.  ADDITIONAL
COVENANTS OF THE PARTIES

 

6.1  Confidentiality. 
All information regarding the business of HeDeTang HK and its subsidiaries including, without limitation, financial information
that Seller provides to Buyer during its due diligence investigation of HeDeTang HK and its subsidiaries will be kept in strict
confidence by Buyer and will not be used, dealt with, exploited or commercialized by Buyer or disclosed to any third party (other
than Buyer’s professional accounting and legal advisors) without Seller’ prior written consent unless it is required
by the law or regulations.

 

6.2   Conduct
of HeDeTang HK and its subsidiaries.  From the date of this Agreement to the Closing Date, and except to the extent that
Buyer otherwise consents in writing, HeDeTang HK and its subsidiaries will operate its business substantially as presently operated
and only in the ordinary course and in compliance with all applicable laws, and use its best efforts to preserve its good reputation
and present business organization and to preserve its relationships with persons having business dealings with it.

 

    10

     

    

 

6.3  Existing
Liabilities of HeDeTang HK and its Subsidiaries.  The Buyer understands it acquires all of the issued and outstanding
shares of HeDeTang HK and the Buyer agrees to assume all the existing Liabilities and responsibilities of HeDeTang HK and its subsidiaries,
including but not limited to the existing bank loans, debts and taxes owed by HeDeTang HK and its subsidiaries as well as payment
of salary and social benefits to employees of HeDeTang HK and its subsidiaries according to Chinese labor laws and regulations.

 

6.4  Notification. 
Between the date of this Agreement and the Closing Date, each of the parties to this Agreement will promptly notify the other parties
in writing if it becomes aware of any fact or condition that causes or constitutes a material breach of any of its representations
and warranties as of the date of this Agreement, if it becomes aware of the occurrence after the date of this Agreement of any
fact or condition that would cause or constitute a material breach of any such representation or warranty had such representation
or warranty been made as of the time of occurrence or discovery of such fact or condition.

 

6.5  Public
Announcements.  Buyer and Seller agree that they will not release or issue any reports or statements or make any public
announcements relating to this Agreement or the Transaction contemplated herein without the prior written consent of the other
party, except as may be required to comply with applicable laws or regulatory requirements.

 

7.  CLOSING

 

7.1  Closing. 
The Closing shall take place on the Closing Date at the office of Seller or at such other location as agreed to by the parties.

 

7.2  Closing
Deliveries of Seller.  At Closing, Seller will deliver or cause to be delivered the following, fully executed and in form
and substance reasonably satisfactory to Buyer:

 

		(a)	copies
of the resolutions or consent action adopted by or on behalf of the Board of Directors and the shareholders owning majority voting
power of the Seller and the approval of the shareholders’ meeting of Seller’s parent company Future FinTech Group Inc., evidencing
approval of this Agreement and the Transaction.

 

    11

     

    

 

 

		(b)	A
fully executed and completed copy of this Agreement and any other necessary documents, each duly executed by Seller, as required
to give effect to the Transaction

 

		(c)	share
certificate or equivalent document representing the HeDeTang HK Shares;

 

7.3  Closing
Deliveries of Buyer.  At Closing, Buyer will deliver or cause to be delivered the following, fully executed and in form
and substance reasonably satisfactory to Seller:

 

		(a)	copies
of the resolutions or consent action adopted by or on behalf of the Board of Directors and the shareholders of Buyer evidencing
approval of this Agreement and the Transaction;

 

		(b)	A
fully executed and completed copy of this Agreement and any other necessary documents, each duly executed by Buyer, as required
to give effect to the Transaction; and

 

		(c)	evidence
of payment of Purchase Price by the Buyer to the bank account in accordance with section 2.3 hereof.

 

8.  INDEMNIFICATION

 

Each Party shall indemnify and hold harmless
the other Party from and against any and all losses, damages, expenses and liabilities or actions, investigations, inquiries, arbitrations,
claims or other proceedings in respect thereof (collectively “Actions”) (Liabilities and Actions are herein
collectively referred to as “Losses”), that arise by reason of  representations by such Party in this Agreement
being untrue in any material respect or by reason of a breach of any of obligations of such Party under this Agreement. Losses
include, but are not limited to, all reasonable legal fees, court costs and other expenses incurred in connection with investigating,
preparing, defending, paying, settling or compromising any suit in law or equity arising out of this Agreement.

 

    12

     

    

 

9. TERMINATION

 

9.1  Termination. 
This Agreement may be terminated at any time prior to the Closing Date contemplated hereby by:

 

		(a)	mutual
agreement of Buyer and Seller;

 

		(b)	Buyer,
if there has been a material breach by the Seller of any material representation, warranty, covenant or agreement set forth in
this Agreement on the part of Seller that is not cured to the reasonable satisfaction of Buyer, within ten business days after
notice of such breach is given by Buyer;

 

		(c)	Seller,
if there has been a material breach by Buyer of any material representation, warranty, covenant or agreement set forth in this
Agreement on the part of Buyer that is not cured to the reasonable satisfaction of the Seller, within ten business days after
notice of such breach is given by Seller.

 

9.2  Effect
of Termination.  In the event of the termination of this Agreement as provided in Section 9.1, this Agreement will be
of no further force or effect, provided, however, that no termination of this Agreement will relieve any party of liability for
any breaches of this Agreement that are based on a wrongful refusal or failure to perform any obligations.

 

10.  MISCELLANEOUS
PROVISIONS

 

10.1  Amendment. 
This Agreement may not be amended except by an instrument in writing signed by each of the parties.

 

10.2  Expenses. 
Each party will bear its own costs incurred in connection with the preparation, execution and performance of this Agreement and
the Transaction contemplated hereby, including all fees and expenses of its own agents, representatives and accountants.

 

10.3  Entire
Agreement.  This Agreement, the schedules attached hereto and the other documents in connection with this transaction
contain the entire agreement between the parties with respect to the subject matter hereof and supersede all prior arrangements
and understandings, both written and oral, expressed or implied, with respect thereto. Any preceding correspondence or offers are
expressly superseded and terminated by this Agreement.

 

    13

     

    

 

10.4  Notices. 
All notices and other communications required or permitted under this Agreement must be in writing and will be deemed given if
sent by email, personal delivery, faxed with electronic confirmation of delivery, internationally-recognized express courier or
registered or certified mail (return receipt requested), postage prepaid, to the parties at the addresses provided in this Agreement.

 

All such notices and
other communications will be deemed to have been received:

 

	 	(a)	In the case of email, on the day after the email has been sent;
	 	(b)	in the case of personal delivery, on the date of such delivery;
	 	(c)	in the case of a fax, when the party sending such fax has received electronic confirmation of its delivery;
	 	(d)	in the case of delivery by internationally-recognized express courier, on the third business day following dispatch; and
	 	(e)	in the case of mailing, on the seventh business day following mailing.

 

10.5  Headings. 
The headings contained in this Agreement are for convenience purposes only and will not affect in any way the meaning or interpretation
of this Agreement.

 

10.6  Assignment. 
This Agreement may not be assigned (except by operation of law) by any party without the consent of the other parties.

 

10.7  Governing
Law and Jurisdiction.  This Agreement shall be governed by and construed in accordance with the laws of Hong Kong, China
without giving effect to any other choice or conflict of law provision that would cause the application of the laws of any other
jurisdiction other than Hong Kong. Buyer and Seller irrevocably consent to the jurisdiction of any courts located in Hong Kong
in connection with any action, suit or proceedings arising out of or relating to this Agreement or any action taken or omitted
hereunder, and waive personal service of any summons, complaint or other process, and agree that the service thereof may be made
by certified or registered mail directed to any or all of the Parties at the addresses listed on the signature pages attached hereto.

 

10.8  Construction. 
The language used in this Agreement will be deemed to be the language chosen by the parties to express their mutual intent, and
no rule of strict construction will be applied against any party.

 

10.9  Gender. 
All references to any party will be read with such changes in number and gender as the context or reference requires.

 

10.10 Counterparts. 
This Agreement may be executed in one or more counterparts, all of which will be considered one and the same agreement and will
become effective when one or more counterparts have been signed by each of the parties and delivered to the other parties, it being
understood that all parties need not sign the same counterpart.

 

10.11 Effective. 
This Agreement becomes effective upon the parties’ execution.

  

    14

     

    

 

In
Witness Whereof, the Parties hereto have executed this Agreement as of the first date written above by the undersigned
thereunto duly authorized.

 

	SELLER	 	BUYER
	 	 	 
	SkyPeople Foods Holdings Ltd.	 	New Continent International Co., Ltd.
	 	 	 
	By: 	/s/
    Hongke Xue	 	By:  	/s/
    Bingke Zhang
	Name: 	 Hongke Xue	 	Name: 	 Bingke Zhang
	Title:	 Executive Director	 	Title:	 Executive Director
	Address:	 	
        Address:

         

	Tel.:	 	Tel.:
	Email:	 	Email:
	 	 	 	 	 

 

15

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00300-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00300-of-00352.parquet"}]]