Current Report Filing (8-k)
24 May 2018 - 8:45PM
Edgar (US Regulatory)
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): May 24, 2018
SHARING
ECONOMY INTERNATIONAL INC.
(Exact
name of registrant as specified in Charter)
Nevada
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001-34591
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90-0648920
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(State
or other jurisdiction of
incorporation
or organization)
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(Commission
File No.)
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(IRS
Employee
Identification
No.)
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No.
9 Yanyu Middle Road
Qianzhou
Village, Huishan District, Wuxi City
Jiangsu
Province, People’s Republic of China
(Address
of Principal Executive Offices)
(86)
51083397559
(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. ☐
Item
1.01
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Entry into a Material
Definitive Agreement.
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On
May 24, 2018, Sharing Economy Investment Limited (“SEIL”), a wholly owned subsidiary of Sharing Economy International
Inc. (the “Company”), entered into an amendment to a license agreement, dated May 8, 2018 (the “Amendment”)
with ECrent Capital Holdings Limited (“ECrent”). In accordance with the terms of the Amendment, ECrent shall grant
SEIL an exclusive license to utilize certain software and trademarks in order to develop, launch, operate, commercialize, and
maintain an online website platform in Taiwan, Thailand, India, Indonesia, Singapore, Malaysia, Philippines, Vietnam, Cambodia,
Japan, and Korea until June 30, 2019. In consideration for the license, the Company shall grant ECrent 250,000 shares of common
stock (the “Consideration Shares”), at an issue price of US$4.30 per share, on the closing date of the Agreement.
Pursuant to the terms of the Agreement, ECrent shall provide a guarantee on revenue and profit of US$10,000,000 and US$1,940,000,
respectively. The Consideration Shares shall be reduced on a pro rata basis if there is a shortfall in the guaranteed revenue
and/or profit.
The
foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the complete
text of the Amendment, which is incorporated herein by reference and attached hereto as Exhibit 10.1.
Item 9.01.
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Financial Statements and
Exhibits.
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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: May 24, 2018
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Sharing Economy International
Inc.
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By:
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/s/
Jianhua Wu
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Jianhua Wu
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Chief Executive Officer
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2
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