PLACEMENT AGENCY AGREEMENTPlacement Agency Agreement • July 19th, 2019 • HiTek Global Inc. • Services-prepackaged software • New York
This Agreement (the “Agreement”) constitutes the agreement between Hitek Global, Inc., a Cayman Islands company (collectively with its subsidiaries and its variable interest entities, the “Company”), and Newbridge Securities Corporation, a Virginia corporation (the “Placement Agent”), pursuant to which the Placement Agent shall provide certain services (the “Services) as the exclusive placement agent for the Company, on a best efforts basis, (the “Offering”) in connection with the proposed offering and placement by the Company of a minimum offering of 1,200,000 and a maximum offering of 2,500,000 of its Class A ordinary shares, par value $0.001 (the “Securities”), at an anticipated offering price of $5.00 per share (“Purchase Price”) for gross offering proceeds of between $6,000,000 (based on a minimum offering, the “Minimum Amount”) and $ 12,500,000 (based on a maximum offering). No Closing (as defined below) will occur unless the Minimum Amount has been subscribed.
ESCROW AGREEMENTEscrow Agreement • July 19th, 2019 • HiTek Global Inc. • Services-prepackaged software • Virginia
This Escrow Agreement is made and entered into as of [●], 2019, by and among NEWBRIDGE SECURITIES CORPORATION, a Virginia corporation (the “Placement Agent”), HITEK GLOBAL, INC., a Cayman Islands company (the “Company”) and SUNTRUST BANK, a Georgia Banking corporation (the “Escrow Agent”).
