Attached files
| file | filename |
|---|---|
| EX-10.3 - SECURITIES PURCHASE AGREEMENT DATED APRIL 14, 2020 BY AND BETWEEN SHARING ECONOM - SHARING ECONOMY INTERNATIONAL INC. | ea120839ex10-3_sharingeco.htm |
| EX-10.4 - BLACK ICE ADVISORS CONVERTIBLE REDEEMABLE NOTE - SHARING ECONOMY INTERNATIONAL INC. | ea120839ex10-4_sharingeco.htm |
| EX-10.2 - POWER UP LENDING GROUP CONVERTIBLE PROMISSORY NOTE - SHARING ECONOMY INTERNATIONAL INC. | ea120839ex10-2_sharingeco.htm |
| EX-10.1 - SECURITIES PURCHASE AGREEMENT DATED APRIL 5, 2020 BY AND BETWEEN SHARING ECONOMY - SHARING ECONOMY INTERNATIONAL INC. | ea120839ex10-1_sharingeco.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): April 20, 2020
SHARING ECONOMY INTERNATIONAL INC.
(Exact name of registrant as specified in Charter)
| Nevada | 001-34591 | 90-0648920 | ||
|
(State or other jurisdiction of incorporation or organization) |
(Commission File No.) | (IRS Employee Identification No.) |
M03, 3/F, Eton Tower
8 Hysan Avenue, Causeway Bay, Hong Kong
(Address of Principal Executive Offices)
(852) 35832186
(Registrant’s Telephone number)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
|
Title of each class |
Trading Symbol(s) | Name of each exchange on which registered | ||
| Common Stock | SEII | OTCMarkets |
Item 1.01 Entry into a Material Definitive Agreement
On April 7, 2020, Sharing Economy International Inc (the “Company”) and Power Up Lending Group Ltd., (“Power Up”) entered into a Securities Purchase Agreement, whereby the Company issued a note to Power Up (the “Power Up Note”) in the principal amount of $83,000 with additional tranches of up to $1,000,000 in the aggregate over the next twelve (12) months, subject to the discretion of both parties. The Power Up Note is a convertible into shares of the common stock of the Company at a price equal to 65% of the average of the two (2) lowest trading prices for the Company’s common stock during the twenty (20) trading day period ending on the latest complete trading day prior to the conversion date. The foregoing description of the Share Exchange Agreement does not purport to be complete and is qualified in its entirety by reference to the complete text of the Agreement Power Up Note, which is incorporated herein by reference and attached hereto as exhibit 10.1.
On April 14, 2020, Sharing Economy International Inc (the “Company”) and Black Ice Advisors, LLC (“Black Ice”) entered into a Securities Purchase Agreement, whereby the Company issued a note to Black Ice (the “Black Ice Note”) in the principal amount of $110,000 in exchange for a total investment of $100,000. The Black Ice Note is a convertible into shares of the common stock of the Company at a price equal to 60% of the lowest trading price of the Company’s common stock for the fifteen (15) prior trading days including the day upon which a Notice of Conversion is received by the Company. The foregoing description of the Share Exchange Agreement does not purport to be complete and is qualified in its entirety by reference to the complete text of the Agreement and Black Ice Note, which is incorporated herein by reference and attached hereto as exhibit 10.3 and 10.4.
Item 9.01. Financial Statements and Exhibits.
| (d) | Exhibits |
1
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: April 20, 2020 | Sharing Economy International Inc. | |
| By: | /s/ Jianhua Wu | |
| Jianhua Wu | ||
| Chief Executive Officer | ||
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