Current Report Filing (8-k)
August 16 2018 - 6:42AM
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): August 16, 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
August 16, 2018, Sharing Economy International, Inc. (“SEII”) wholly-owned subsidiary, Sharing Economy Investment Limited,
entered into a license agreement (the “Agreement”) with Ecrent Capital Holdings Limited (“ECRENT”), regarding
the grant of an exclusive and sub-licensable license from ECRENT to SEII to utilize certain software and trademarks in order to
develop, launch, operate, commercialize, and maintain an online website platform in United Kingdom, Germany, France, Poland, Switzerland,
Netherlands, Denmark, Russia, Italy, Spain, Portugal and Greece. The Agreement is valid until December 31, 2019. In return, SEII
shall issue to ECRENT 360,000 shares of restricted common stock. ECRENT will guarantee that the operation of its related websites,
mobile applications and business services will contribute revenue of US$20,000,000 and gross profit of US$3,880,000 from the closing
date of the Agreement through December 31, 2019.
The
foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the complete
text of the Agreement, 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: August 16, 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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