SEC Contract Filing

Filing Date: 2020-10-20

Document Content:
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<TYPE>EX-10.1
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<FILENAME>ex10_1.htm
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<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 2pt 150.55pt 0 154.45pt; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 2pt 150.55pt 0 154.45pt; text-align: center">SECURITIES PURCHASE AGREEMENT</P>

<P STYLE="font: 10.5pt Calibri, Helvetica, Sans-Serif; margin: 0.1pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/95% Calibri, Helvetica, Sans-Serif; margin: 0.05pt 10.2pt 0 11pt; text-indent: 34.95pt">This SECURITIES PURCHASE
AGREEMENT (the &ldquo;Agreement&rdquo;), dated as of October 9, 2020 by and between AB International Group Corp., a Nevada corporation,
with headquarters located at 16th Floor, Rich Towers, 2 Blenheim Avenue, Kowloon, HGK 999077 China (the &ldquo;Company&rdquo;),
and East Capital Investment Corp., New Jersey corporation, with its address at 7 Arundel Road, Pompton Plains, NJ 07444 (the &ldquo;Buyer&rdquo;).</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0.05pt 150.6pt 0 145.15pt; text-align: center">WHEREAS:</P>

<P STYLE="font: 11.5pt Calibri, Helvetica, Sans-Serif; margin: 0.15pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/93% Calibri, Helvetica, Sans-Serif; margin: 0 11.4pt 0 10pt; text-align: left; text-indent: 32.8pt">A.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;
</FONT>The Company and the Buyer are executing and delivering this Agreement in reliance upon the exemption from securities registration
afforded by the rules and regulations as promulgated by the United States Securities and Exchange Commission (the &ldquo;SEC&rdquo;)
under the Securities Act of 1933, as amended (the &ldquo;1933 Act&rdquo;);</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0.15pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/92% Calibri, Helvetica, Sans-Serif; margin: 0 12.25pt 0 10pt; text-align: left; text-indent: 32.8pt">B.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
</FONT>Buyer desires to purchase and the Company desires to issue and sell, upon the terms and conditions set forth in this Agreement
a 10% convertible note of the Company, in the form attached hereto as Exhibit A, in the aggregate principal amount of $62,700 (together
with any note(s) issued in replacement thereof or as a dividend thereon or otherwise with respect thereto in accordance with the
terms thereof, the &ldquo;Note&rdquo;), convertible into shares of common stock of the Company (the &ldquo;Common Stock&rdquo;),
upon the terms and subject to the limitations and conditions set forth in such Note; and</P>

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<P STYLE="font: 11pt/92% Calibri, Helvetica, Sans-Serif; margin: 0 15.4pt 0 10pt; text-align: left; text-indent: 32.8pt">C.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
</FONT>The Buyer wishes to purchase, upon the terms and conditions stated in this Agreement, such principal amount of Note as is
set forth immediately below its name on the signature pages hereto.</P>

<P STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; margin: 0.4pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/88% Calibri, Helvetica, Sans-Serif; margin: 0 15.05pt 0 11.05pt; text-indent: 13.75pt">NOW THEREFORE, the
Company and the Buyer severally (and not jointly) hereby agree as follows:</P>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.75pt"></TD><TD STYLE="width: 11.2pt">1.</TD><TD STYLE="text-align: left"><U>Purchase and Sale of Note.</U></TD></TR></TABLE>

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<P STYLE="font: 11pt/93% Calibri, Helvetica, Sans-Serif; margin: 3.4pt 24.95pt 0 10pt; text-align: left; text-indent: 68.8pt">a.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
</FONT><U>Purchase of Note</U>. On the Closing Date (as defined below), the Company shall issue and sell to the Buyer and the Buyer
agrees to purchase from the Company such principal amount of Note as is set forth immediately below the Buyer&rsquo;s name on the
signature pages hereto.</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/93% Calibri, Helvetica, Sans-Serif; margin: 0 11.4pt 0 10pt; text-align: left; text-indent: 68.8pt">b.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
</FONT><U>Form of Payment</U>. On the Closing Date (as defined below), (i) the Buyer shall pay the purchase price for the Note
to be issued and sold to it at the Closing (as defined below) (the &ldquo;Purchase Price&rdquo;) by wire transfer of immediately
available funds to the Company, in accordance with the Company&rsquo;s written wiring instructions, against delivery of the Note
in the principal amount equal to the Purchase Price as is set forth immediately below the Buyer&rsquo;s name on the signature pages
hereto, and</P>

<P STYLE="font: 11pt/93% Calibri, Helvetica, Sans-Serif; margin: 0.1pt 39.45pt 0 9.95pt; text-align: left; text-indent: 0in"><FONT STYLE="letter-spacing: -0.05pt">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
</FONT></FONT>the Company shall deliver such duly executed on behalf of the Company, to the Buyer, against delivery of such Purchase
Price.</P>

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<P STYLE="font: 11pt/90% Calibri, Helvetica, Sans-Serif; margin: 0 12.65pt 0 10pt; text-align: left;