SEC Contract Filing

Filing Date: 2018-03-08

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex101.htm
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>

</HEAD>
<BODY style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">
<P style="line-height:14pt; margin:0pt; font-size:10pt" align=left>Exhibit 10.1 </P>
<P style="line-height:14pt; margin:0pt; font-size:10pt" align=center>&nbsp;</P>
<P style="line-height:14pt; margin:0pt; font-size:10pt" align=center><FONT FACE="Times New Roman" COLOR=#000000><B><U>SHARE EXCHANGE AGREEMENT</U></B></FONT></P>
<P style="margin-top:10pt; margin-bottom:0pt; text-indent:36.8pt" align=justify>This Stock Exchange Agreement together with all the Exhibits, Schedules and other attachments (the &quot;Agreement&quot;) is entered into on March 6, 2018 and is made among <B>SLEEPAID HOLDING COMPANY, </B>a Nevada corporation (&quot;Seller&quot;), <B>YUGOSU INVESTMENT LIMITED</B>, a Hong Kong corporation (&quot;YIL&quot;), <B>GUANGZHOU SLEEPAID HOUSEHOLD SUPPLIES CO., LTD.</B>, a China corporation (&quot;GSHS&quot;), <B>GUANGZHOU YUEWIN TRADING CO., LTD., </B>a China corporation (&#147;GYTC&#148;), AND <B>ZZLL INFORMATION TECHNOLOGY, INC.</B>, a Nevada corporation (&#147;ZZLL&#148;) and its 100% wholly owned subsidiary, <B>SYNDICORE ASIA LTD. </B>(&#147;SAL&#148;),<B> </B>a Hong Kong corporation. </P>
<P style="line-height:14pt; margin-top:12pt; margin-bottom:0pt; font-size:10pt" align=center><B>PRELIMINARY STATEMENTS</B></P>
<P style="margin-top:10pt; margin-bottom:0pt; text-indent:36pt" align=justify>WHEREAS, the Board of Directors of Seller and ZZLL deem it advisable and generally in their respective best interests that ZZLL through its subsidiary SAL, acquire all the issued and outstanding capital stock of YIL; and</P>
<P style="margin-top:10pt; margin-bottom:0pt; text-indent:36pt" align=justify>WHEREAS, the Board of Directors of Seller and ZZLL deem it advisable and in their respective best interests that ZZLL, through its subsidiary SAL, acquire the stock of GSHS and GYTC; and</P>
<P style="margin-top:10pt; margin-bottom:0pt; text-indent:36pt" align=justify>WHEREAS, ZZLL has authorized capital stock consisting of 400,000,000 shares of voting common stock with $.0001 par value per share and 100,000,000 shares of preferred stock, of which 19,727,448 shares of common stock are presently issued and outstanding and zero shares of preferred stock are currently issued and outstanding.</P>
<P style="margin-top:10pt; margin-bottom:0pt; text-indent:36pt" align=justify>NOW, THEREFORE, in consideration of the premises and of the mutual agreement, covenants, and provisions hereinafter set forth, the parties hereto agree that all of the outstanding shares of common stock of YIL, GSHS and GYTC, which are owned by Seller shall be exchanged for shares of ZZLL common stock, effective April 9, 2018 (the &#147;Effective Date&#148;) and hereby agree upon and prescribe the terms and conditions of such share exchange and the manner of carrying the same into effect, as follows:</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="line-height:14pt; margin:0pt; font-size:10pt" align=center><B>ARTICLE I</B></P>
<P style="margin:0pt" align=center><BR></P>
<P style="line-height:14pt; margin:0pt; font-size:10pt" align=center><B>ACQUISITION</B></P>
<P style="margin-top:10pt; margin-bottom:-12pt; text-indent:36pt" align=justify><B>1.01</B></P>
<P style="margin:0pt; text-indent:72pt" align=justify><B><U>Acquisition</U></B>. &nbsp;As promptly as practicable following the satisfaction or waiver of the conditions to the Parties' respective obligations hereunder, at the Effective Time (as defined in Section 1.03) and pursuant to the terms hereof, the Seller shall transfer all the common stock of YIL, GSHS and GYTC (collectively referred to as the &#147;Seller&#146;s Stock&#148;) to ZZLL&#146;s subsidiary company, SAL. &nbsp;In consideration for such transfer, Seller shall receive in exchange 12,000,000 shares of ZZLL common stock (the &quot;Exchange Transaction&quot;). &nbsp;Such shares of common stock shall have the terms and characteristics set forth in ZZLL's articles of incorporation (&quot;ZZLL Shares&quot;). &nbsp;Such Shares may be paid directly to the Seller or as the Seller may direct. &nbsp;</P>
<P style="line-height:14pt; margin-top:12pt; margin-bottom:-14pt; text-indent:36pt; font-size:10pt" align=justify><B>1.02</B></P>
<P style="line-height:14pt; margin:0pt; text-indent:72pt; font-size:10pt" align=justify><B><U>Restrictions of ZZLL Shares</U></B>. &nbsp;Upon issuance of the ZZLL Shares to the Seller, in accordance with the terms and conditions hereof, the ZZLL Shares shall be fully paid,<B> </B>validly issued, and nonassessable, and not subject to any preemptive rights or any liens, claims, equities, encumbrances, or security interests or any restrictions on the transfer thereof other than those set forth in this Agreement or imposed by law. </P>
<P style="margin-top:12pt; margin-bottom:0pt" align=justify><BR>
<BR></P>
<P style="line-height:10pt; margin:0pt">&nbsp;</P>
<P style="line-height:10pt; margin:0pt; font-size:11pt" align=center>1</P>

<P style="line-height:14pt; margin-top:12pt; margin-bottom:0pt; font-size:10pt; page-break-before:always" align=justify>&nbsp;</P>
<P style="line-height:14pt; margin-top:12pt; margin-bottom:-14pt; text-indent:36pt; font-size:10pt"><B>1.03</B></P>
<P style="line-height:14pt; margin:0pt; text-indent:72pt; font-size:10pt"><B><U>Closing; Surrender of Certificates</U></B>.</P>
<P style="line-height:14pt; margin-top:12pt; margin-bottom:0pt; text-indent:36pt; font-size:10pt" align=justify>The Closing shall take place later, of on or before April 9, 2018 (the &quot;Closing&quot;) at 1:00 p.m. Eastern Standard Time at the offices of Jones &amp; Haley, P.C.; or as any other such time when allowed pursuant to the rules of the United States Securities and Exchange Commission. The Closing may be rescheduled by agreement of the parties. &nbsp;The date