SEC Contract Filing

Filing Date: 2022-08-15

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex10-1.htm
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.1</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>CONSULTING
AGREEMENT</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
Consulting Agreement (the &ldquo;Agreement&rdquo;) is entered into on June 23, 2022 and effective as of <B>January 1, 2022 </B>(the &ldquo;Effective
Date&rdquo;) by and between <B>SeD Development Management LLC </B>(the &ldquo;Company&rdquo;), and <B>MacKenzie Equity Partners, LLC
</B>(the &ldquo;Consultant&rdquo;).</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
consideration of the services to be rendered, the mutual covenants set forth herein and for other valuable consideration, receipt and
adequacy of which is acknowledged, the Company and the Consultant hereby agree to the following terms:</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.
<U>Termination of previous Consulting Services Agreement.</U> The parties hereto hereby agree that as of December 31, 2021, the Consulting
Service Agreement between the Company and the Consultant, dated May 1, 2017 (the &ldquo;2017 Agreement&rdquo;) is deemed to be terminated.
The parties hereto acknowledge that as of the date hereof, no further compensation is owed by the Company to the Consultant for services
rendered subsequent to December 31, 2021 pursuant to the 2017 Agreement. Each of the Company and the Consultant waives any right to advance
notice of such termination, whether pursuant to the 2017 Agreement, or state or federal law.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.
<U>Term.</U> The term of this Agreement (the &ldquo;Term&rdquo;) shall commence as of the Effective Date and shall remain in force (a)
until it is terminated by the Company or the Consultant; or (b) upon the occurrence of any of those certain events described in Clause
17 of this Agreement. Either the Company or the Consultant may terminate this Agreement, with or without cause, upon thirty (30) days&rsquo;
advance written notice to the other party hereto, unless otherwise mutually agreed upon. In the event of the death, disability or other
incapacity of Charles MacKenzie, or his termination by the Consultant or resignation as an employee, Member or Manager of the Consultant,
this Agreement may be terminated by the Company and all compensation due hereunder shall cease as of the date of termination, resignation,
death, disability or other incapacity.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.
<U>Consulting Services.</U> The Consultant shall render at the request of the Company, those independent advisory and consulting services
described in Exhibit A to this Agreement (the &ldquo;Services&rdquo;), in compliance with all applicable laws, the Company&rsquo;s Articles
of Incorporation and Bylaws, and the terms and conditions set forth herein. All Services will be performed solely by the Consultant and
are not assignable without the Company&rsquo;s written approval. The Consultant shall appoint Charles MacKenzie to render the Services
to the Company, and the Consultant may not utilize any other person to provide the Services to the Company without the Company&rsquo;s
written approval.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.
<U>Reporting</U>. The Consultant shall report to the management team of the Company and support the real estate team in the United States
and Singapore offices including Heng Fai Chan, Tung Moe Chan and any other persons the Company may