Document:

Exhibit 10.10

 

CANCELLATION AND EXCHANGE AGREEMENT

 

THIS CANCELLATION AND EXCHANGE
AGREEMENT (this “Agreement”) is made and entered into as of April 21, 2022 (the “Effective Date”),
by and among Asset Entities Inc., a Nevada corporation (“AEI”), Asset Entities Holdings, LLC, a Texas limited
liability company (“AEH”), GKDB AE Holdings, LLC, a Texas limited liability company (“GKDB”)
and the undersigned holders of units of membership interests in GKDB (the “GKDB Units”) set forth on the signature
page (each a “Holder” and collectively, the “Holders” and together with AEI, AEH and
GKDB, the “Parties”).

 

RECITALS

 

A.
GKDB is the record and beneficial owner of 200,000 units of membership interests in AEH (the “AEH Units”).
AEH is the record and beneficial owner of 9,756,000 shares of Class A Common Stock, $0.0001 par value per share, of AEI (the “Class
A Shares”). The Class A Shares provide the holder with the right to ten (10) votes per share on all matters coming before
the AEI shareholders for a vote. The Class A Shares are automatically convertible into shares of Class B Common Stock, $0.0001 par value
per share, of AEI (the “Class B Shares”) on a one-to-one basis upon the transfer of the Class A Shares to a
person who is not already a holder of Class A Shares. The Class B Shares provide the holder with the right to one (1) vote per share on
all matters coming before the AEI shareholders for a vote.

 

B.
GKDB desires to cancel 45,000 AEH Units (the “Cancelled AEH Units”) in exchange for 439,020 Class B Shares
(the “Consideration Shares”), which Consideration Shares will be derived from the Class A Shares held by AEH
and automatically converted to Class B Shares upon the transfer to GKDB.

 

C.
The Holders are the record and beneficial owners of the GKDB Units identified on the signature page of this Agreement. The Holders
desire to cancel their GKDB Units in exchange for the number of Consideration Shares set forth on the signature page hereto opposite their
respective names.

 

AGREEMENT

 

NOW THEREFORE, in consideration
of the mutual covenants and agreements contained herein and other good and valuable consideration, the receipt and sufficiency of which
is hereby acknowledged, the undersigned do hereby agree as follows:

 

1.
GKDB hereby agrees to surrender the Cancelled AEH Units to AEH free and clear of all claims, charges, liens, contracts, rights,
options, security interests, mortgages, encumbrances and restrictions of every kind and nature (collectively, “Claims”)
in exchange for the Consideration Shares. After such cancellation, GKDB acknowledges and agrees that all such Cancelled AEH Units shall
no longer be outstanding, and GKDB shall have no further rights with respect to (a) any of the Cancelled AEH Units, or (b) the equity
ownership in AEH represented by the Cancelled AEH Units.

 

2.
Each Holder hereby agrees to surrender their respective GKDB Units as set forth on the signature page hereto to GKDB free and clear
of all Claims in exchange for the number of Consideration Shares set forth opposite their name on the signature page hereto, which Consideration
Shares are simultaneously being transferred from GKDB to such Holders. After such cancellation, each Holder acknowledges and agrees that
all such GKDB Units previously held by them shall no longer be outstanding, and each Holder shall have no further rights with respect
to (a) any of the GKDB Units previously held by them, or (b) the equity ownership in GKDB represented thereby.

 

     

     

    

 

3.
GKDB hereby represents and warrants that immediately prior to giving effect to this Agreement GKDB owns the Cancelled AEH Units
beneficially and of record, free and clear of all Claims. GKDB has never transferred or agreed to transfer the Cancelled AEH Units, other
than pursuant to this Agreement. There is no restriction affecting the ability of GKDB to transfer the legal and beneficial title and
ownership of the Cancelled AEH Units to AEH for cancellation. Neither the execution and delivery of this Agreement, the consummation of
the transactions contemplated hereby, nor the performance of this Agreement in compliance with its terms and conditions by GKDB will conflict
with or result in any violation of any agreement, judgment, decree, order, statute or regulation applicable to GKDB, or any breach of
any agreement to which GKDB is a party, or constitute a default thereunder, or result in the creation of any Claims of any kind or nature
on, or with respect to GKDB or GKDB’s assets, including, without limitation, GKDB’s equity interests in AEH.

 

4.
Each Holder hereby represents and warrants that Holder owns the GKDB Units set forth opposite their respective names on the signature
page hereto beneficially and of record, free and clear of all Claims. Holder has never transferred or agreed to transfer such GKDB Units,
other than pursuant to this Agreement. There is no restriction affecting the ability of Holder to transfer the legal and beneficial title
and ownership of such GKDB Units to GKDB for cancellation. Neither the execution and delivery of this Agreement, the consummation of the
transactions contemplated hereby, nor the performance of this Agreement in compliance with its terms and conditions by Holder will conflict
with or result in any violation of any agreement, judgment, decree, order, statute or regulation applicable to Holder, or any breach of
any agreement to which Holder is a party, or constitute a default thereunder, or result in the creation of any Claims of any kind or nature
on, or with respect to Holder or Holder’s assets, including, without limitation, Holder’s equity interests in GKDB.

 

5.
Each of GKDB and the Holders represent and warrant to each other and to AEH and AEI as follows: The Consideration Shares are being
acquired by each Holder for its account, for investment purposes and not with a view to the sale or distribution of all or any part of
the Consideration Shares, nor with any present intention to sell or in any way distribute the same, as those terms are used in the Securities
Act of 1933, as amended (the “Act”), and the rules and regulations promulgated thereunder. Except as provided
under this Agreement, neither GKDB nor any Holder will sell or distribute of all or any part of the Consideration Shares, as those terms
are used in the Act, and the rules and regulations promulgated thereunder except in compliance with the Act. Each of GKDB and each Holder
has sufficient knowledge and experience in financial matters so as to be capable of evaluating the merits and risks of acquiring the Consideration
Shares. Each of GKDB and each Holder has reviewed copies of such documents and other information as such Party has deemed necessary in
order to make an informed investment decision with respect to its acquisition of the Consideration Shares. Each of GKDB and each Holder
understands that the Consideration Shares may not be sold, transferred or otherwise disposed of without registration under the Act or
the availability of an exemption therefrom, and that in the absence of an effective registration statement covering the Consideration
Shares or an available exemption from registration under the Act, the Consideration Shares must be held indefinitely. Further, each of
GKDB and each Holder understands and has the financial capability of assuming the economic risk of an investment in the Consideration
Shares for an indefinite period of time. Each of GKDB and each Holder has been advised by AEI that such Party will not be able to dispose
of the Consideration Shares, or any interest therein, without first complying with the relevant provisions of the Act and any applicable
state securities laws. Each of GKDB and each Holder understands that the provisions of Rule 144 promulgated under the Act, permitting
the routine sales of the securities of certain issuers subject to the terms and conditions thereof, are not currently, and may not hereafter
be, available with respect to the Consideration Shares. Each of GKDB and each Holder acknowledges that AEI is under no obligation to register
the Consideration Shares or to furnish any information or take any other action to assist the undersigned in complying with the terms
and conditions of any exemption which might be available under the Act or any state securities laws with respect to sales of the Consideration
Shares in the future. Each of GKDB and each Holder is an “Accredited Investor” as defined in rule 501 (a) of Regulation D
of the Act.

 

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6.
At the request of the AEH and without further consideration, GKDB will execute and deliver such other instruments of sale, transfer,
conveyance, assignment and confirmation as may be reasonably requested in order to effectively transfer, convey and assign to AEH for
cancellation of the Cancelled AEH Units.

 

7.
At the request of the GKDB and without further consideration, each Holder will execute and deliver such other instruments of sale,
transfer, conveyance, assignment and confirmation as may be reasonably requested in order to effectively transfer, convey and assign to
GKDB for cancellation of the GKDB Units held by such Holder as set forth opposite such Holder’s name on the signature page hereto.

 

8.
In connection with any underwritten public offering by AEI of its equity securities pursuant to an effective registration statement
filed under the Act, including AEI’s initial public offering, each Holder shall not directly or indirectly sell, make any short
sale of, loan, hypothecate, pledge, offer, grant or sell any option or other contract for the purchase of, purchase any option or other
contract for the sale of, or otherwise dispose of or transfer, or agree to engage in any of the foregoing transactions with respect to,
any Shares without the prior written consent of AEI or its managing underwriter. Such restriction (the “Market Stand-Off”)
shall be in effect for such period of time following the date of the final prospectus for the offering as may be requested by AEI or such
underwriter. In no event, however, shall such period exceed two hundred seventy (270) days plus such additional period as may reasonably
be requested by AEI or such underwriter to accommodate regulatory restrictions on (i) the publication or other distribution of research
reports or (ii) analyst recommendations and opinions. For consideration received and acknowledged, each Holder, in its capacity as a securityholder
of AEI, hereby appoints the Chief Executive Officer and/or Chief Financial Officer of AEI to act as its true and lawful attorney with
full power and authority on its behalf to execute and deliver all documents and instruments and take all other actions necessary in connection
with the matters covered by this Section 8 and any lock-up agreement required to be executed pursuant to an underwriting agreement in
connection with any initial public offering of AEI. Such appointment shall be for the limited purposes set forth above.

 

9.
This Agreement is a binding agreement and constitutes the entire agreement between the Parties with respect to the subject matter
hereof.

 

10.
This Agreement is binding upon and inures to the benefit of the successors and assigns of the Parties hereto.

 

11.
This Agreement shall be governed by and construed under the laws of the State of Nevada without regard to principles of conflicts
of law.

 

12.
This Agreement may be executed in identical counterparts. Each counterpart hereof shall be deemed to be an original instrument,
but all counterparts hereof taken together shall constitute a single document. Facsimile, emailed PDFs and electronic signatures shall
be deemed originals.

 

13.
The Parties hereto agree to use their reasonable best efforts to cooperate with one another to discharge their respective obligations
under this Agreement and to satisfy the intents and purposes of this Agreement.

 

[Signature page follows]

 

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IN WITNESS WHEREOF, the Parties have
executed this Cancellation and Exchange Agreement as of the date first above written.

 

	 	Asset Entities Inc.
	 	 	 
	 	By:	/s/ Arshia Sarkhani
	 	Name:	Arshia Sarkhani 
	 	Title:	Chief Executive Officer
	 	 	 
	 	Asset Entities Holdings, LLC
	 	 	 
	 	By:	/s/ Kyle Fairbanks
	 	Name:	Kyle Fairbanks
	 	Title:	Manager
	 	 	 
	 	GKDB AE Holdings, LLC
	 	 	 
	 	By:	/s/ Matthew Krueger
	 	Name:	Matthew Krueger
	 	Title:	Manager
	 	 	 
	 	HOLDERS:
	 	 
	 	KD Holdings Group, LLC
	 	 	 
	 	By:	/s/ Robyn Baker
	 	Name:	Robyn Baker
	 	Title:	Manager
	 	Address:	4313 Oak Knoll Dr., Plano, TX 75093
	 	Email:	rbaker@hdkra.com
	 	EIN:	87-3827756
	 	 	 
	 	Trojan Partners, LP
	 	 	 
	 	By:	/s/ Jim Riggs
	 	Name:	Jim Riggs, Esq. 
	 	Title:	Manager
	 	Address: 	7120 E Kierland Blvd, Unit 807, Scottsdale, AZ 85254
	 	Email:	hoyatrojan@aol.com
	 	EIN:	273573929

 

	Holder Name	 	GKDB Units Held	 	Number of Consideration Shares to be Received
	KD Holdings Group, LLC	 	300,000	 	292,680
	Trojan Partners, LP	 	150,000	 	146,340

 

Signature Page to Asset Entities Inc. Cancellation
and Exchange Agreement

 

 

4Exhibit 10.11

 

INDEPENDENT DIRECTOR AGREEMENT

 

INDEPENDENT DIRECTOR AGREEMENT
(this “Agreement”), dated [*], by and between Asset Entities Inc., a Nevada corporation (the “Company”),
and the undersigned (the “Director”).

 

RECITALS

 

A.
The Company is filing a registration statement on Form S-1 relating to a firm commitment initial public offering of its securities
(the “IPO”).

 

B.  
The current Board consists of three (3) members and the Board intends to appoint four (4) additional independent directors prior
to the closing of the IPO.

 

C.  
The Company desires to appoint the Director to serve on the Company’s board of directors (the “Board”),
which will include membership on one or more committees of the Board, and the Director desires to accept such appointment to serve on
the Board.

 

AGREEMENT

 

NOW THEREFORE, in consideration
of the mutual promises contained herein, the adequacy and sufficiency of which are hereby acknowledged, and intending to be legally bound
hereby, the Company and the Director hereby agree as follows:

 

1.
Duties. From and after the effective date of the registration statement
for the IPO and related pricing of the IPO (the “Effective Time”), the Company requires that the Director be available
to perform the duties of an independent director customarily related to this function as may be determined and assigned by the Board and
as may be required by the Company’s constituent instruments, including its articles of incorporation and bylaws, as amended, and
its corporate governance and board committee charters, each as amended or modified from time to time, and by applicable law, including
the Nevada Revised Statutes. The Director agrees to devote as much time as is necessary to perform completely the duties as a Director
of the Company, including duties as a member of one or more committees of the Board, to which the Director may hereafter be appointed.
The Director will perform such duties described herein in accordance with the general fiduciary duty of directors.

 

2.
Term. The term of this Agreement shall commence as of the Effective
Time, which shall be the date of the Director’s appointment by the board of directors of the Company, and shall continue until the
Director’s removal or resignation. In addition to a termination of this Agreement pursuant to Section 8, the Company shall have
the right to terminate this Agreement upon written notice to the Director at any time without liability prior to the Effective Time.

 

3.
Compensation.

 

(a)
Following the Effective Time and the commencement of the term of this Agreement, for all services to be rendered by the Director
in any capacity hereunder, the Company agrees to compensate the Director a fee of $________ per year in cash (the “Annual Fee”),
which Annual Fee shall be paid to the Director in four equal installments no later than the fifth business day of each calendar quarter
commencing in the first quarter following the Effective Time. The Director shall be responsible for his or her own individual income tax
payment on the Annual Fee in jurisdictions where the Director resides.

 

     

     

    

 

(b)
Equity Compensation. Following the Effective Time and the commencement of the term of this Agreement, the Director shall
be entitled to receive an initial award of restricted common stock (the “Initial Award”) of [*] shares of Class B Common
Stock, par value $0.0001 per share, of the Company (the “Common Stock”). The Initial Award shall vest in four (4) equal
quarterly installments commencing in the quarter following the date of the Director’s appointment, subject to the Director continuing
in service on the Board through each such vesting date.

 

4.
Independence. The Director acknowledges that his appointment hereunder
is contingent upon the Board’s determination that he is “independent” with respect to the Company, in accordance with
the listing requirements of the Nasdaq and NYSE American stock exchanges, and that his appointment may be terminated by the Company in
the event that the Director does not maintain such independence standard.

 

5.
Expenses. The Company shall reimburse the Director for pre-approved
reasonable business-related expenses incurred in good faith in connection with the performance of the Director’s duties for the
Company. Such reimbursement shall be made by the Company upon submission by the Director of a signed statement itemizing the expenses
incurred, which shall be accompanied by sufficient documentation to support the expenditures.

 

6.
Other Agreements.

 

(a)
Confidential Information and Insider Trading. The Company and the Director each acknowledge that, in order for the intentions
and purposes of this Agreement to be accomplished, the Director shall necessarily be obtaining access to certain confidential information
concerning the Company and its affairs, including, but not limited to, business methods, information systems, financial data and strategic
plans which are unique assets of the Company (as further defined below, the “Confidential Information”) and that the
communication of such Confidential Information to third parties could irreparably injure the Company and its business. Accordingly, the
Director agrees that, during his association with the Company and thereafter, he will treat and safeguard as confidential and secret all
Confidential Information received by him at any time and that, without the prior written consent of the Company, he will not disclose
or reveal any of the Confidential Information to any third party whatsoever or use the same in any manner except in connection with the
business of the Company and in any event in no way harmful to or competitive with the Company or its business. For purposes of this Agreement,
“Confidential Information” includes any information not generally known to the public or recognized as confidential
according to standard industry practice, any trade secrets, know-how, development, manufacturing, marketing and distribution plans and
information, inventions, formulas, methods or processes, whether or not patented or patentable, pricing policies and records of the Company
(and such other information normally understood to be confidential or otherwise designated as such in writing by the Company), all of
which the Director expressly acknowledges and agrees shall be confidential and proprietary information belonging to the Company. Upon
termination of his association with the Company, the Director shall return to the Company all documents and papers relating to the Company,
including any Confidential Information, together with any copies thereof, or certify that he or she has destroyed all such documents and
papers. Furthermore, the Director recognizes that the Company has received and, in the future, will receive confidential or proprietary
information from third parties subject to a duty on the Company’s part to maintain the confidentiality of such information and,
in some cases, to use it only for certain limited purposes. The Director agrees that the Director owes the Company and such third parties,
both during the term of the Director’s association with the Company and thereafter, a duty to hold all such confidential or proprietary
information in the strictest confidence and not to, except as is consistent with the Company’s agreement with the third party, disclose
it to any person or entity or use it for the benefit of anyone other than the Company or such third party, unless expressly authorized
to act otherwise by an officer of the Company. In addition, the Director acknowledges and agrees that the Director may have access to
“material non-public information” for purposes of the federal securities laws (“Insider Information”) and
that the Director will abide by all securities laws relating to the handling of and acting upon such Insider Information.

 

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(b)
Disparaging Statements. At all times during and after the period in which the Director is a member of the Board and at all
times thereafter, the Director shall not either verbally, in writing, electronically or otherwise: (i) make any derogatory or disparaging
statements about the Company, any of its affiliates, any of their respective officers, directors, shareholders, employees and agents,
or any of the Company’s current or past customers or employees, or (ii) make any public statement or perform or do any other act
prejudicial or injurious to the reputation or goodwill of the Company or any of its affiliates or otherwise interfere with the business
of the Company or any of its affiliates; provided, however, that nothing in this paragraph shall preclude the Director from complying
with all obligations imposed by law or legal compulsion, and provided, further, however, that nothing in this paragraph shall be deemed
applicable to any testimony given by the Director in any legal or administrative proceedings.

 

(c)
Work Product. Director agrees that any and all Work Product (as defined below) shall be the Company’s sole and exclusive
property. Director hereby irrevocably assigns to the Company all right, title and interest worldwide in and to any deliverables resulting
from the Director’s services as a director to the Company (“Deliverables”), and to any ideas, concepts, processes,
discoveries, developments, formulae, information, materials, improvements, designs, artwork, content, software programs, other copyrightable
works, and any other work product created, conceived or developed by you (whether alone or jointly with others) for the Company during
or before the term of this Agreement, including all copyrights, patents, trademarks, trade secrets, and other intellectual property rights
therein (the “Work Product”). Director retains no rights to use the Work Product and agrees not to challenge the validity
of our ownership of the Work Product. Director agrees to execute, at Company’s request and expense, all documents and other instruments
necessary or desirable to confirm such assignment. In the event that Director does not, for any reason, execute such documents within
a reasonable time after the Company’s request, Director hereby irrevocably appoint the Company as Director’s attorney-in-fact
for the purpose of executing such documents on your behalf, which appointment is coupled with an interest. Director will deliver to the
Company any Deliverables and disclose promptly in writing to us all other Work Product.

 

(d)
Enforcement. The Director acknowledges and agrees that the covenants contained herein are reasonable, that valid consideration
has been and will be received and that the agreements set forth herein are the result of arms-length negotiations between the parties
hereto. The Director recognizes that the provisions of this Section 6 are vitally important to the continuing welfare of the Company and
its affiliates and that any violation of this Section 6 could result in irreparable harm to the Company and its affiliates for which money
damages would constitute a totally inadequate remedy. Accordingly, in the event of any such violation by the Director, the Company and
its affiliates, in addition to any other remedies they may have, shall have the right to institute and maintain a proceeding to compel
specific performance thereof or to obtain an injunction or other equitable relief restraining any action by the Director in violation
of this Section 6 without posting any bond therefore or demonstrating actual damages, and the Director will not claim as a defense thereto
that the Company has an adequate remedy at law or require the posting of a bond. If any of the restrictions or activities contained in
this Section 6 shall for any reason be held by an arbitrator to be excessively broad as to duration, geographical scope, activity or subject,
such restrictions shall be construed so as thereafter to be limited or reduced to be enforceable to the extent compatible with the applicable
law; it being understood that by the execution of this Agreement the parties hereto regard such restrictions as reasonable and compatible
with their respective rights. The Director acknowledges that injunctive relief may be granted immediately upon the commencement of any
such action without notice to the Director and in addition Company may recover monetary damages.

 

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(e)
Separate Agreement. The parties hereto further agree that the provisions of Section 6 are separate from and independent
of the remainder of this Agreement and that Section 6 is specifically enforceable by the Company notwithstanding any claim made by the
Director against the Company. The terms of this Section 6 shall survive termination of this Agreement.

 

7.
Market Stand-Off Agreement. In the event of a public or private offering
of the Company’s securities, including in connection with the IPO, and upon request of the Company, the underwriters or placement
agents placing the offering of the Company’s securities, the Director agrees not to sell, make any short sale of, loan, grant any
option for the purchase of, or otherwise dispose of any securities of the Company that the Director may own, other than those included
in the registration, without the prior written consent of the Company or such underwriters, as the case may be, for such period of time
from the effective date of such registration as may be requested by the Company or such placement agent or underwriter.

 

8.
Termination. With or without cause, the Company and the Director may
each terminate this Agreement at any time upon ten (10) days written notice, and the Company shall be obligated to pay to the Director
the compensation and expenses due up to the date of the termination. Nothing contained herein or omitted herefrom shall prevent the stockholder(s)
of the Company from removing the Director with immediate effect at any time for any reason. For the avoidance of doubt, if the Company
terminates this Agreement prior to the closing of the IPO in accordance with Section 2 hereof, then the Company shall not have any liability
whatsoever to the Director.

 

9.
Indemnification. The Company shall indemnify, defend and hold harmless
the Director, to the full extent allowed by the law of the State of Nevada, and as provided by, or granted pursuant to, any charter provision,
bylaw provision, agreement (including, without limitation, the Indemnification Agreement executed herewith), vote of stockholders or disinterested
directors or otherwise, both as to action in the Director’s official capacity and as to action in another capacity while holding
such office. The Company and the Director are executing an indemnification agreement in the form attached hereto as Exhibit A.

 

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10.       
Effect of Waiver. The waiver by either party of the breach of any provision
of this Agreement shall not operate as or be construed as a waiver of any subsequent breach thereof.

 

11.       
Notice. Any and all notices referred to herein shall be sufficient
if furnished in writing at the addresses specified on the signature page hereto or, if to the Company, to the Company’s address
as specified in filings made by the Company with the U.S. Securities and Exchange Commission.

 

12.       
Governing Law; Arbitration. This Agreement shall be interpreted in
accordance with, and the rights of the parties hereto shall be determined by, the laws of the State of Nevada without reference to that
state’s conflicts of laws principles. Any disputes or claims arising under or in connection with this Agreement or the transactions
contemplated hereunder shall be resolved by binding arbitration. Notice of a demand to arbitrate a dispute by any party hereto shall be
given in writing to the other parties hereto at their last known addresses. Arbitration shall be commenced by the filing by such a party
of an arbitration demand with the American Arbitration Association (“AAA”). The arbitration and resolution of the dispute
shall be resolved by a single arbitrator appointed by the AAA pursuant to AAA rules. The arbitration shall in all respects be governed
and conducted by applicable AAA rules, and any award and/or decision shall be conclusive and binding on the parties. The arbitration shall
be conducted in Dallas, Texas. The arbitrator shall supply a written opinion supporting any award, and judgment may be entered on the
award in any court of competent jurisdiction. Each party hereto shall pay its own fees and expenses for the arbitration, except that any
costs and charges imposed by the AAA and any fees of the arbitrator for his services shall be assessed against the losing party by the
arbitrator. In the event that preliminary or permanent injunctive relief is necessary or desirable in order to prevent a party from acting
contrary to this Agreement or to prevent irreparable harm prior to a confirmation of an arbitration award, then any party hereto is authorized
and entitled to commence a lawsuit solely to obtain equitable relief against the other such parties pending the completion of the arbitration
in a court having jurisdiction over those parties.

 

13.       
Assignment. The rights and benefits of the Company under this Agreement
shall be transferable, and all the covenants and agreements hereunder shall inure to the benefit of, and be enforceable by or against,
its successors and assigns. The duties and obligations of the Director under this Agreement are personal and therefore the Director may
not assign any right or duty under this Agreement without the prior written consent of the Company.

 

14.       
Miscellaneous. If any provision of this Agreement shall be declared
invalid or illegal, for any reason whatsoever, then, notwithstanding such invalidity or illegality, the remaining terms and provisions
of this Agreement shall remain in full force and effect in the same manner as if the invalid or illegal provision had not been contained
herein. The article headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or
interpretation of this Agreement. This Agreement may be executed in any number of counterparts, each of which shall be deemed an original
but all of which taken together shall constitute one and the same instrument. Counterparts may be delivered via facsimile, electronic
mail (including pdf or any electronic signature complying with the U.S. federal ESIGN Act of 2000, e.g., www.docusign.com) or other
transmission method and any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid and effective
for all purposes. Except as provided elsewhere herein, this Agreement sets forth the entire agreement of the parties with respect to its
subject matter and supersedes all prior agreements, promises, covenants, arrangements, communications, representations or warranties,
whether oral or written, by any officer, employee or representative of any party to this Agreement with respect to such subject matter.

 

[Signature Page Follows]

 

    5

     

    

 

IN WITNESS WHEREOF,
the parties hereto have caused this Independent Director Agreement to be duly executed and signed as of the day and year first above written.

 

	 	COMPANY:
	 	 	 
	 	Asset Entities Inc.
	 	 	           
	 	By:	 
	 	Name: 	 
	 	Title:	 
	 	 	 
	 	DIRECTOR:
	 	 
	 	 
	 	Name:	              
	 	 	                           
	 	Address:	
	 	 	 
	 	 	 

 

Signature Page to Independent Director Agreement

 

     

     

    

 

EXHIBIT A

 

Indemnification Agreement

(See Attached)

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