SEC Contract Filing

Filing Date: 2015-05-15

Document Content:
<DOCUMENT>
<TYPE>EX-10.27
<SEQUENCE>2
<FILENAME>v409878_ex10-27.htm
<DESCRIPTION>EXHIBIT 10.27
<TEXT>
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<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: right"><B>Exhibit 10.27</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-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Recon Technology, Ltd.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">1902 Building C, King Long International
Mansion</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">9 Fulin Road, Beijing 100107</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">People&rsquo;s Republic of China</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 0; text-align: right">April 15, 2015</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1200 Abernathy Road</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Suite 1700</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Atlanta, GA 30328</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 0">Mr. Ke,</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Reference is made to that certain Warrant
to Purchase Ordinary Shares (the &ldquo;<B>Warrant</B>&rdquo;) issued by Recon Technology, Ltd. (the &ldquo;<B>Company</B>&rdquo;)
to Jian Ke (the &ldquo;<B>Holder</B>&rdquo;) on November 29, 2013 in connection with the Company&rsquo;s registered offering of
its ordinary shares and warrants. Except as otherwise defined herein, capitalized terms in this letter agreement (the &ldquo;<B>Letter</B>
<B>Agreement</B>&rdquo;) shall have the meanings set forth in the Warrant.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; 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">The Holder hereby agrees
to exchange the Warrant for 68,313 ordinary shares (the &ldquo;<B>Exchange Shares</B>&rdquo;),<B> </B>which represents the number
of ordinary shares that is equal to one hundred twenty five percent (125%) of the Warrant Shares (the &ldquo;<B>Exchange</B>&rdquo;).
The Exchange Shares will be issued to the Holder in exchange for the Warrant and without the payment of any other consideration
by the Holder. The Holder agrees that upon execution of this Letter Agreement, delivery of the Warrant as set forth herein and
delivery of the Exchange Shares to the Holder, the Warrant will be automatically canceled and terminated.</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">2. In order to effectuate
the Exchange, Holder agrees to execute and return this Letter Agreement, together with the Warrant, to Ellenoff Grossman &amp;
Schole LLP, legal counsel to the Company, at 1345 Avenue of the Americas, 11<SUP>th</SUP> Floor, New York, New York 10105. Upon
receipt of the executed Letter Agreement and the Warrant, the Company will issue to the Company&rsquo;s transfer agent an instruction
letter to issue the Exchange Shares free of any restrictive legend, in the name of the Holder, to the address above. If the Holder
desires to receive the shares in book entry form, or to receive the stock certificates at an address other than the one above,
please indicate as such below.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Treatment of Exchange Shares<BR>
(Please check delivery option elected by Holder below)</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: center">___<U>x</U>___ Holder desires to receive
the Exchange Shares in book entry form to the Holder&rsquo;s or its designee&rsquo;s balance account with The Depository Trust
Company (&ldquo;<B>DTC</B>&rdquo;) through its Deposit/Withdrawal at Custodian system in accordance with the following instructions:<BR>
<BR>
</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: center">Sterne Agee, DTC # 0750</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Account #: 15346961</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Account Name: JIAN KE</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: center">_______Holder desires to receive a stock
certificate representing the Exchange Shares to:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; m