Exhibit 10.2





THIS SUBSCRIPTION AGREEMENT RELATES
TO AN OFFERING OF SECURITIES IN AN OFFSHORE TRANSACTION TO PERSONS WHO ARE NOT U.S. PERSONS (AS DEFINED HEREIN) PURSUANT TO REGULATION
S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "1933 ACT").


NONE OF THE SECURITIES TO WHICH THIS
SUBSCRIPTION AGREEMENT (THE "SUBSCRIPTION AGREEMENT") RELATES HAVE BEEN REGISTERED UNDER THE UNITED STATES SECURITIES
ACT OF 1933 (THE "1933 ACT"), OR ANY U.S. STATE SECURITIES LAWS, AND, UNLESS SO REGISTERED, NONE MAY BE OFFERED OR SOLD,
DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OR TO U.S. PERSONS (AS DEFINED HEREIN) EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF
REGULATION S UNDER THE 1933 ACT, PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE 1933 ACT, OR PURSUANT TO AN AVAILABLE
EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE 1933 ACT AND IN EACH CASE ONLY IN ACCORDANCE
WITH APPLICABLE STATE SECURITIES LAWS. IN ADDITION, HEDGING TRANSACTIONS INVOLVING THE SECURITIES MAY NOT BE CONDUCTED UNLESS IN
COMPLIANCE WITH THE 1933 ACT.


SUBSCRIPTION AGREEMENT / DEBT SETTLEMENT


(Non-US Subscriber)


 


TO:       UAN
POWER CORP. (the "Company")






Purchase of
Common Shares


A.      The
Company is indebted to Wan-Fang Liu (the "Subscriber") in the aggregate amount of $768,227.77 (consisting of $3,242,181
HKD (approximately $418,227.77 USD) and USD$350,000) (the "Indebtedness") as at the date hereof as a result
of debts due under various loans advanced by the Subscriber, inclusive of accrued interest;


B.      
The Subscriber wishes to subscribe for 76,822,777 Common Shares (the “Common Shares” or the “Securities”))
in the capital stock of the Company at the price of $0.01 per share.


C.      In
lieu of receiving cash as payment of the Indebtedness and accrued and unpaid interest, the Subscriber has agreed to accept the
Common shares as payment of the Indebtedness pursuant to the terms and conditions set forth in this Agreement; and


D.      In
lieu of receiving cash in payment of the subscription contemplated by this Agreement, the Company is willing to apply the Indebtedness
in payment of the Subscription Proceeds.


NOW THEREFORE THIS
AGREEMENT witnesses that, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the
parties hereto agree as follows:


1.      Subscription


1.1      On
the basis of the representations and warranties and subject to the terms and conditions set forth herein the Subscriber hereby
irrevocably subscribes for and agrees to purchase 41,822,777 Common Shares, par value US$0.00001 at a deemed purchase price per
Share of $0.01 USD per share (the subscription and agreement to purchase being the "Subscription"), for an aggregate
deemed purchase price (the “Purchase Price”) of $768,227.77 USD.


1.2      On
the basis of the representations and warranties and subject to the terms and conditions set forth herein, the Company hereby irrevocably
agrees to sell the Common Shares to the Subscriber.


1.3      Subject
to the terms hereof, the Subscription will be effective upon its acceptance by the Company.




    	 



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2.      Settlement
of Indebtedness


2.1      The
Company and the Subscriber acknowledge that:


		(a)	the balance currently due from the Company to the Subscriber pursuant to the Indebtedness is an
aggregate amount of $768,227.77 USD; and



		(b)	the Company and the Subscriber agree to apply the entire amount of the Indebtedness inclusive of
any accrued and unpaid interest in payment of the Purchase Price and, upon delivery of a signed copy of this Subscription Agreement
to the Subscriber together with certificates evidencing the Common Shares registered as provided in this Subscription Agreement
(the "Share Certificates"), the Purchase Price shall be fully paid (and the date of repayment shall be the date
that the Share Certificates are issued) subject to the conditions hereof.



3.      Release


3.1      The
Subscriber hereby agrees that upon delivery of the Common Shares by the Company in accordance with the provisions of this Agreement,
the Indebtedness and any accrued and unpaid interest will be fully satisfied and extinguished, and the Subscriber will remise,
release and forever discharge the Company and its respective directors, officers, employees, successors, solicitors, agents and
assigns from any and all obligations relating to the Indebtedness and any accrued and unpaid interest.


4.      Closing


4.1      The
sale of the Common Shares shall be completed (the "Closing") at such date as the parties may agree upon (the "Closing
Date").


5.      Acknowledgements
of Subscriber


5.1      The
Subscriber acknowledges and agrees that:


		(a)	none of the Securities have been or will be registered under the 1933 Act, or under any state securities
or "blue sky" laws of any state of the United States, and, unless so registered, may not be offered or sold in the United
States or, directly or indirectly, to U.S. Persons, as that term is defined in Regulation S under the 1933 Act ("Regulation
S"), except in accordance with the provisions of Regulation S, pursuant to an effective registration statement under the
1933 Act, or pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the 1933 Act and
in each case only in accordance with applicable state securities laws;



		(b)	the Company has not undertaken, and will have no obligation, to register any of the Securities
under the 1933 Act or any other securities legislation;



		(c)	the Subscriber has been advised to consult the Subscriber’s own legal, tax and other advisors
with respect to the merits and risks of an investment in the Securities and with respect to applicable resale restrictions, and
it is solely responsible (and the Company is not in any way responsible) for compliance with:



		(i)	any applicable laws of the jurisdiction in which the Subscriber is resident in connection with
the distribution of the Securities hereunder, and



		(ii)	applicable resale restrictions;





    	 



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		(d)	none of the Common Shares are listed on any stock exchange and no representation has been made
to the Subscriber that any of the Common Shares will become or remain listed on any stock exchange or automated dealer quotation
system;



		(e)	none of the Securities may be offered or sold by the Subscriber to a U.S. Person (as defined in
Section 6.1, below, or for the account or benefit of a U.S. Person (other than a distributor) prior to the end of the Distribution
Compliance Period (as defined herein);



		(f)	neither the SEC nor any other securities commission or similar regulatory authority has reviewed
or passed on the merits of the Securities;



		(g)	no documents in connection with the sale of the Securities hereunder have been reviewed by the
SEC or any state securities administrators;



		(h)	the Subscriber is purchasing the Securities pursuant to an exemption from the registration and
the prospectus requirements of applicable securities legislation on the basis that the Subscriber is not a resident of United States
and, as a consequence:



		(i)	is restricted from using most of the civil remedies available under U.S. securities legislation,



		(ii)	may not receive information that would otherwise be required to be provided under U.S. securities
legislation, and



		(iii)	the Company is relieved from certain obligations that would otherwise apply under U.S. securities
legislation;



		(i)	the statutory and regulatory basis for the exemption claimed for the offer and sale of the Securities,
although in technical compliance with Regulation S, would not be available if the offering is part of a plan or scheme to evade
the registration provisions of the 1933 Act; and



		(j)	this Subscription Agreement is not enforceable by the Subscriber unless it has been accepted by
the Company.



6.      Representations,
Warranties and Covenants of the Subscriber


6.1      The
Subscriber hereby represents and warrants to and covenants with the Company (which representations, warranties and covenants shall
survive the Closing) that:


		(a)	the Subscriber is not a U.S. Person;



		(b)	the Subscriber is not acquiring the Securities for the account or benefit of, directly or indirectly,
any U.S. Person;



		(c)	the Subscriber is resident in the jurisdiction set out under the "Name and Address" on
the signature page of this Subscription Agreement and the sale of the Securities to the Subscriber as contemplated in this Subscription
Agreement complies with or is exempt from the applicable securities legislation of the jurisdiction of residence of the Subscriber;



		(d)	the Subscriber has the legal capacity and competence to enter into and execute this Subscription
Agreement and to take all actions required pursuant hereto and, if the Subscriber is a corporation, it is duly incorporated and
validly subsisting under the laws of its jurisdiction of incorporation and all necessary approvals by its directors, shareholders
and others have been obtained to authorize execution and performance of this Subscription Agreement on behalf of the Subscriber;





    	 



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		(e)	if the Subscriber is a corporation or other entity, the entering into of this Subscription Agreement
and the transactions contemplated hereby do not and will not result in the violation of any of the terms and provisions of any
law applicable to, or the constating documents of, the Subscriber or of any agreement, written or oral, to which the Subscriber
may be a party or by which the Subscriber is or may be bound;



		(f)	the Subscriber is acquiring the Securities as principal for its own account for investment purposes
only and not for the account of any other person and not for distribution, assignment or resale to others, and no other person
has a direct or indirect beneficial interest in such Securities, and it has not subdivided its interest in the Securities with
any other person;



		(g)	the Subscriber is outside the United States when receiving and executing this Subscription Agreement
and is acquiring the Securities as principal for the Subscriber’s own account for investment purposes only, and not with
a view to, or for, resale, distribution or fractionalisation thereof, in whole or in part, and no other person has a direct or
indirect beneficial interest in the Securities;



		(h)	the Subscriber is aware that an investment in the Company and Pubco is speculative and involves
certain risks, including the possible loss of the entire investment;



		(i)	the Subscriber (i) has adequate net worth and means of providing for its current financial needs
and possible personal contingencies, (ii) has no need for liquidity in this investment, and (iii) is able to bear the economic
risks of an investment in the Securities for an indefinite period of time;



		(j)	the Subscriber is not an underwriter of, or dealer in, the common shares of the Company, nor is
the Subscriber participating, pursuant to a contractual agreement or otherwise, in the distribution of any of the Securities;



		(k)	the Subscriber understands and agrees that none of the Securities have been or will be registered
under the 1933 Act or under any state securities or "blue sky" laws of any state of the United States and, unless so
registered, may not be offered or sold in the United States or directly or indirectly to U.S. Persons, except in accordance with
the provisions of Regulation S ("Regulation "S" promulgated under the 1933 Act, pursuant to an effective registration
statement under the 1933 Act, or pursuant to an exemption from, or in a transaction not subject to, the registration requirements
of the 1933 Act and in each case only in accordance with applicable state securities laws;



		(l)	the Subscriber understands and agrees that offers and sales of any of the Securities prior to the
expiration of a restricted period after the date of original issuance of the Securities (such period hereinafter referred to as
the "Distribution Compliance Period") shall only be made in compliance with the safe harbor provisions set forth
in Regulation S, pursuant to the registration provisions of the 1933 Act or an exemption therefrom, and that all offers and sales
after the Distribution Compliance Period shall be made only in compliance with the registration provisions of the 1933 Act or an
exemption therefrom and in each case only in accordance with applicable state securities laws;



		(m)	the Subscriber has not acquired the Securities as a result of, and it covenants that it will not
itself engage in, any "directed selling efforts" (as defined in Regulation S) in the United States in respect of any
of the Securities which would include any activities undertaken for the purpose of, or that could reasonably be expected to have
the effect of, conditioning the market in the United States for the resale of any of the Securities; provided, however, that the
Subscriber may sell or otherwise dispose of any of the Securities pursuant to registration of any of the Securities pursuant to
the 1933 Act and any applicable state securities laws or under an exemption from such registration requirements and as otherwise
provided herein;





    	 



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		(n)	the Subscriber agrees not to engage in any hedging transactions involving any of the Securities
unless such transactions are in compliance with the provisions of the 1933 Act and in each case only in accordance with applicable
state securities laws;



		(o)	the Subscriber will indemnify the Company against, and will hold the Company and, where applicable,
its respective directors, officers, employees, agents, advisors and shareholders harmless from, any and all loss, liability, claim,
damage and expense whatsoever (including, but not limited to, any and all fees, costs and expenses whatsoever reasonably incurred
in investigating, preparing or defending against any claim, lawsuit, administrative proceeding or investigation whether commenced
or threatened) arising out of or based upon any representation or warranty of the Subscriber contained herein or in any document
furnished by the Subscriber to the Company in connection herewith being untrue in any material respect or any breach or failure
by the Subscriber to comply with any covenant or agreement made by the Subscriber to the Company in connection therewith;



		(p)	the Subscriber is not aware of any advertisement of any of the Securities and is not acquiring
the Securities as a result of any form of general solicitation or general advertising including advertisements, articles, notices
or other communications published in any newspaper, magazine or similar media or broadcast over radio or television, or any seminar
or meeting whose attendees have been invited by general solicitation or general advertising; and



		(q)	no person has made to the Subscriber any written or oral representations:



		(i)	that any person will resell or repurchase any of the Securities,



		(ii)	that any person will refund the purchase price of any of the Securities,



		(iii)	as to the future price or value of any of the Securities, or



		(iv)	that any of the Securities will be listed and posted for trading on any stock exchange or automated
dealer quotation system or that application has been made to list and post any of the Securities of the Company on any stock exchange
or automated dealer quotation system, except that the shares of common stock of Pubco shall be quoted on the over-the-counter market
operated by the Over-The-Counter Bulletin Board operated by FINRA.



6.2      In
this Subscription Agreement, the term "U.S. Person" shall have the meaning ascribed thereto in Regulation S.


7.      Representations
and Warranties will be Relied Upon by the Company


7.1      The
Subscriber acknowledges that the representations and warranties contained herein are made by it with the intention that such representations
and warranties may be relied upon by the Company and its legal counsel in determining the Subscriber’s eligibility to purchase
the Securities under applicable securities legislation. The Subscriber further agrees that by accepting delivery of the certificates
representing the Securities, it will be representing and warranting that the representations and warranties contained herein are
true and correct as at the Closing Date with the same force and effect as if they had been made by the Subscriber on the date of
this Subscription Agreement and that they will survive the purchase by the Subscriber of the Securities and will continue in full
force and effect notwithstanding any subsequent disposition by the Subscriber thereof.


8.      Resale
Restrictions


8.1      The
Subscriber acknowledges that any resale of any of the Securities will be subject to resale restrictions contained in the securities
legislation applicable to each Subscriber or proposed transferee. The Subscriber acknowledges that the Securities have not been
registered under the 1933 Act or the securities laws of any state of the United States and that none of the Securities may be offered
or sold in the United States unless registered in accordance with United States federal securities laws and all applicable state
securities laws or exemptions from such registration requirements are available.




    	 



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8.2      The
Subscriber acknowledges that restrictions on the transfer, sale or other subsequent disposition of the Securities by the Subscriber
may be imposed by securities laws in addition to any restrictions referred to in Section 8.1 above, and, in particular, the Subscriber
acknowledges and agrees that none of the Securities may be offered or sold to a U.S. Person or for the account or benefit of a
U.S. Person (other than a distributor) prior to the end of the Distribution Compliance Period.


9.      Legending
of Subject Securities


9.1      The
Subscriber hereby acknowledges that that upon the issuance thereof, and until such time as the same is no longer required under
the applicable securities laws and regulations, the certificates representing any of the Securities will bear a legend in substantially
the following form:


"THESE SECURITIES WERE ISSUED
IN AN OFFSHORE TRANSACTION TO PERSONS WHO ARE NOT U.S. PERSONS (AS DEFINED HEREIN) PURSUANT TO REGULATION S UNDER THE UNITED STATES
SECURITIES ACT OF 1933, AS AMENDED (THE "1933 ACT"). ACCORDINGLY, NONE OF THE SECURITIES TO WHICH THIS CERTIFICATE RELATES
HAVE BEEN REGISTERED UNDER THE 1933 ACT, OR ANY U.S. STATE SECURITIES LAWS, AND, UNLESS SO REGISTERED, NONE MAY BE OFFERED OR SOLD
IN THE UNITED STATES OR, DIRECTLY OR INDIRECTLY, TO U.S. PERSONS (AS DEFINED HEREIN) EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION
STATEMENT OR PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE 1933 ACT AND
IN EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS. IN ADDITION, HEDGING TRANSACTIONS INVOLVING THE SECURITIES
MAY NOT BE CONDUCTED UNLESS IN ACCORDANCE WITH THE 1933 ACT."


9.2      The
Subscriber hereby acknowledges and agrees to the Company making a notation on its records or giving instructions to the registrar
and transfer agent of the Company in order to implement the restrictions on transfer set forth and described in this Subscription
Agreement.


10.      Costs


10.1      The
Subscriber acknowledges and agrees that all costs and expenses incurred by the Subscriber (including any fees and disbursements
of any special counsel retained by the Subscriber) relating to the purchase of the Securities shall be borne by the Subscriber.


11.      Governing
Law


11.1      This
Subscription Agreement is governed by the laws of the State of Nevada and the laws applicable therein.


12.      Survival


12.1      This
Subscription Agreement, including without limitation the representations, warranties and covenants contained herein, shall survive
and continue in full force and effect and be binding upon the parties hereto notwithstanding the completion of the purchase of
the Securities by the Subscriber pursuant hereto.


13.      Assignment


13.1      This
Subscription Agreement is not transferable or assignable.


14.      Severability


14.1      The
invalidity or unenforceability of any particular provision of this Subscription Agreement shall not affect or limit the validity
or enforceability of the remaining provisions of this Subscription Agreement.




    	 



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15.      Entire
Agreement


15.1      Except
as expressly provided in this Subscription Agreement and in the agreements, instruments and other documents contemplated or provided
for herein, this Subscription Agreement contains the entire agreement between the parties with respect to the sale of the Securities
and there are no other terms, conditions, representations or warranties, whether expressed, implied, oral or written, by statute
or common law, by the Company or by anyone else.


16.      Notices


16.1      All
notices and other communications hereunder shall be in writing and shall be deemed to have been duly given if mailed or transmitted
by any standard form of telecommunication.


17.      Counterparts
and Electronic Means


17.1      This
Subscription Agreement may be executed in any number of counterparts, each of which, when so executed and delivered, shall constitute
an original and all of which together shall constitute one instrument. Delivery of an executed copy of this Subscription Agreement
by electronic facsimile transmission or other means of electronic communication capable of producing a printed copy will be deemed
to be execution and delivery of this Subscription Agreement as of the date hereinafter set forth.


18.      Delivery
Instructions


 


18.1      The
Subscriber hereby directs the Company to deliver the Share Certificate issued pursuant to this Subscription Agreement to:


 


Address:_________________________


18.2      The
Subscriber hereby directs the Company to cause the Share Certificates issued pursuant to this Subscription Agreement to be registered
on the books of the Company as follows:


Name:__________________________


Address:________________________


 


 


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18.3      The
undersigned hereby acknowledges that it will deliver to the Company all such additional completed forms in respect of the Subscriber’s
purchase of the Securities as may be required for filing with the appropriate securities commissions and regulatory authorities.


IN WITNESS WHEREOF
the Subscriber has duly executed this Subscription Agreement as of the date of acceptance by the Company.




Per: /s/ Wan-Fang Liu _____________________


Name: Wan-Fang Liu


Address: ________________________________


 


 


 


 


 


 


A C C E P T A N C E


The above-mentioned Subscription Agreement
in respect of the Common Shares is hereby accepted by UAN POWER CORP.


DATED at Troy, Michigan as of the 27th
 day of January, 2015.


UAN POWER CORP.





Per:      /s/ Parashar Patel


Authorized Signatory