SEC Contract Filing

Filing Date: 2023-03-16

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ea175247ex10-1_singular.htm
<DESCRIPTION>SETTLEMENT AGREEMENT DATED MARCH 10, 2023, BY AND BETWEEN HEXIN GLOBAL LIMITED, VINER TOTAL INVESTMENTS FUND, JINHE CAPITAL LIMITED, ST. HUDSON GROUP LLC
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.25pt; text-align: right; text-indent: 0.25in">Exhibit 10.1</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.25pt; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.25pt; text-align: center; text-indent: 0in"><U>SETTLEMENT
AGREEMENT</U></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 29.25pt; text-align: center; text-indent: 0in">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0.75in">This Settlement
Agreement (&ldquo;Agreement&rdquo;) is entered into as of March [10], 2023 (the &ldquo;Effective Date&rdquo;) by and between Hexin
Global Limited, a British Virgin Islands corporation (&ldquo;Hexin&rdquo;), Viner Total Investments Fund, a Cayman Island
corporation (&ldquo;Viner&rdquo;), Jinhe Capital Limited, a British Virgin Islands corporation (&ldquo;Jinhe&rdquo;), St. Hudson
Group LLC, a Delaware Limited Liability Company (&ldquo;Hudson&rdquo;), Imperii Strategies LLC, a Delaware Limited Liability Company
(&ldquo;Imperii&rdquo;), Isyled Technology Limited, a Hong Kong company (&ldquo;Isyled&rdquo;), and HS-QYNM Family Inc., a New York
corporation (&ldquo;HSQ&rdquo;) (the foregoing collectively &ldquo;Plaintiffs&rdquo;) on the one hand, and Singularity Future
Technology, Ltd. f/k/a Sino-Global Shipping America, Ltd., a Virginia corporation trading on the Nasdaq Global Markets Exchange
under the ticker symbol SGLY (formally SINO) (&ldquo;Singularity&rdquo; or &ldquo;Company&rdquo;), Yang &ldquo;Leo&rdquo; Jie, a
natural person residing at 81a Hampshire Road, Great Neck, New York (&ldquo;Jie&rdquo;), and Jing &ldquo;Angela&rdquo; Shan, a
natural person residing in West New York, New Jersey (&ldquo;Shan&rdquo;) (Singularity, Jie and Shan collectively
&ldquo;Defendants&rdquo;), on the other hand. The foregoing entities and individuals are collectively referred to herein as the
&ldquo;Parties.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0.75in">WHEREAS, on or about
November 10, 2021, Singularity and Jinhe entered into an Advisory Agreement, under which Jinhe agreed to provide general financial advisory
services to Singularity in exchange for 500,000 shares of Singularity common stock;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0.75in">WHEREAS, on or about
December 14, 2021, Hexin, Viner, Hudson, Imperii, Isyled, and HSQ (collectively &ldquo;SPA Plaintiffs&rdquo;) and Singularity entered
into a Securities Purchase Agreement (&ldquo;SPA&rdquo;), pursuant to which the SPA Plaintiffs each agreed to purchase restricted shares
of Singularity common stock at $3.26 per share;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0.75in">WHEREAS, under
the SPA, Hexin agreed to purchase 900,000 shares of Singularity common stock, Viner agreed to purchase 978,807 shares of Singularity common
stock, Hudson agreed to purchase 800,000 shares of Singularity common stock, Imperii agreed to purchase 200,000 shares of Singularity
common stock, Isyled agreed to purchase 150,000 shares of Singularity common stock, and HSQ agreed to purchase 200,000 shares of Singularity
common stock;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0.75in">WHEREAS, the SPA
Plaintiffs paid for their shares of Singularity common stock pursuant to the SPA; Jinhe performed under the Advisory Agreement; and Singularity
issued each Plaintiff shares of restricted Singularity common stock pursuant to the SPA and Advisory Agreement, as applicable;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0.75in">WHEREAS, on September
23, 2022, Hexin and Viner filed a lawsuit in the Southern District of New York captioned <I>Hexin Global Limited, et ano. v. Singularity
Future Technology, Ltd., et al</I>., Case No. 22-cv-08160-LJL, against Defendants, Tuo &ldquo;Tina&rdquo; Pan (&ldquo;Pan&rdquo;), and
Lei Cao (&ldquo;Cao&rdquo;) alleging, <I>inter alia</I>, violations of federal securities laws, common law fraud and breaches of contract
(&ldquo;Hexin Action&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0.75in">WHEREAS, on October
6, 2022 Jinhe commenced a civil action in the Southern District of New York against Singularity captioned <I>Jinhe Capital Limited v.
Singularity Future <I>Technology, Ltd.</I>, Case No. 22-cv-08538-LJL, against
Defendant Singularity alleging, <I>inter alia</I>, breaches of contract (&ldquo;Jinhe Action&rdquo;);</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>&nbsp;</I>