Item 1.01 Entry into a Material Definitive Agreement

As previously disclosed, on May 28, 2021, Takung Art Co., Ltd, a Delaware corporation (the "Company") and Cultural Objects Provenance Holdings Limited, a British Virgin Islands company with a subsidiary engaged in the operation of an NFT platform related to collectibles ("Cultural Objects"), entered into a securities purchase agreement (the "SPA"), pursuant to which the Company shall invest in Cultural Objects through paying certain purchase price (the "Original Purchase Price") that consists of cash and the Company's shares of common stock, par value $0.001 per share (the "Common Stock").

On August 21, 2021, the Company and Cultural Objects entered into an amendment to the SPA (the "Amendment"), pursuant to which the Original Purchase Price was amended to be (i) $500,000 in cash and the issuance by the Company to Cultural Objects of 771,040 restricted shares of the Common Stock in exchange for 54,100 common shares of Cultural Objects, and (ii) subject to the satisfaction of the conditions listed in the SPA, 787,440 unvested restricted shares of Common Stock in exchange for 32,460 unvested common shares of Cultural Objects.

Item 2.01 Completion of Acquisition or Disposition of Assets

The disclosure under Item 1.01 of this report is incorporated by reference herein. On September 15, 2021, all the closing conditions are satisfied and the transaction contemplated under the SPA and the Amendment was closed.

The foregoing description of the principal terms of the Amendment is a general description only, does not purport to be complete, and is qualified in its entirety by reference to the terms of the Amendment attached hereto as Exhibits 10.1, which is incorporated herein by this reference.

Item 9.01. Financial Statements and Exhibits.






(d) Exhibits.



Exhibit No.       Description
  10.1              Amendment to the Securities Purchase Agreement, dated August
                  21, 2021, by and between Takung Art Co., Ltd and Cultural
                  Objects Provenance Holdings Limited

104               Cover Page Interactive Data File (embedded within the Inline
                  XBRL document)

© Edgar Online, source Glimpses