SEC Contract Filing

Filing Date: 2019-03-21

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>f8k032019ex10-1_heyubio.htm
<DESCRIPTION>SHARE CANCELLATION AGREEMENT WITH BAN SIONG ANG DATED MARCH 15, 2019
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<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.1</B></P>

<P STYLE="margin: 0; text-align: right"><B>&nbsp;</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><B></B></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Share Cancellation
Agreement (this &ldquo;<B>Agreement</B>&rdquo;), is made and entered into as of March 15, 2019 (the &ldquo;<B>Effective Date</B>&rdquo;),
by and between <FONT STYLE="background-color: white">Mr. Ban Siong Ang (the &ldquo;<B>Stockholder</B>&rdquo;), an individual with
an address at 4th Floor, No. 10 Building, Xinglin Bay Business Operation Center, Jimei District, Xiamen City, Fujian Province,
China 361022,</FONT> and Heyu Biological Technology Corporation, a Nevada corporation (the &ldquo;<B>Company</B>&rdquo;). The Stockholder
and the Company are hereinafter sometimes referred to individually as a &ldquo;party&rdquo; or collectively as the &ldquo;parties.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, in
October 2018, a series of share transfer agreements (the &ldquo;<B>Share Transfer Agreements</B>&rdquo;) were entered by and between
<FONT STYLE="background-color: white">the Stockholder</FONT> and certain buyers (the &ldquo;<B>Buyers</B>&rdquo;), who are non-U.S.
persons;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, pursuant
to the Share Transfer Agreements, the Stockholder transferred an aggregate amount of 109,006,861 shares of common stock of the
Company (the &ldquo;<B>Shares</B>&rdquo;) to the Buyers in exchange of cash paid by the Buyers;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, pursuant
to the Share Transfer Agreements, the Company authorized and directed its registrar and transfer agent, Standard Registrar and
Transfer Company, Inc. (the &ldquo;<B>Transfer Agent</B>&rdquo;), to cancel the Shares held by the Stockholder and to issue an
aggregate amount of 109,006,861 new shares of common stock of the Company (the &ldquo;<B>New Shares</B>&rdquo;) to the Buyers through
an instruction letter dated October 17, 2018 (the &ldquo;<B>Instruction Letter</B>&rdquo;), attached hereto as <B><U>Exhibit A</U></B>;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, upon
receiving the Instruction Letter, the Transfer Agent only issued the New Shares to the Buyers and failed to cancel the Shares held
by the Stockholder; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, to
cancel the Shares held by the Stockholder, the Company proposes to enter into the Agreement with the Stockholder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>NOW, THEREFORE</B>,
in consideration of the premises and the mutual covenants, warranties, and agreements contained herein, and intending to be legally
bound hereby, the parties hereto agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Article 1 &ndash; Cancellation of the
Shares </B></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 22.5pt"></TD><TD STYLE="width: 36pt">1.1</TD><TD STYLE="text-align: justify"><B>Cancellation of the Shares</B>. On the Effective Date, the Stockholder shall surrender the Shares
to the Company and relinquish any rights or interests in the Shares, and the Company shall cancel the Shares by providing the Transfer
Agent appropriate instructions.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 22.5pt"></TD><TD STYLE="width: 36pt">1.2</TD><TD STYLE="text-align: justify"><B>Payme