Exhibit 10.1 


 


PRIVATE PLACEMENT SUBSCRIPTION
AGREEMENT 


 


THIS PRIVATE PLACEMENT SUBSCRIPTION
AGREEMENT (the “Agreement”) is made this 9th day of January, 2018, among (i) ZK International Group Co., Ltd. (the
"Company"), a British Virgin Islands limited liability company, and (ii) each purchaser identified on the signature pages
to this Agreement (each a “Purchaser” and collectively, the “Purchasers”).


 


Purchase of Ordinary Shares


 


		1.	Subscription



 


1.1 The undersigned Purchasers
(each a “Purchaser”) hereby subscribe for and agree to purchase from the Company for any combination of cash in United
States Dollars, bitcoin, ethereum and ripple (collectively the “Subscription Proceeds”, on the basis of the representations
and warranties and subject to the terms and conditions set forth herein, ordinary shares, of the Company, no par value per share
(the “Ordinary Shares”) and in an amount for subscription shares as set out on each Subscriber’s signature page
hereto (each such subscription an agreement to purchase being a “Subscription”) at a purchase price of US$8.00 per
Ordinary Share.


 


1.2 Subject to the terms hereof,
the Subscription will be effective upon its acceptance by the Company. The Purchasers acknowledge that there is no minimum required
to close any subscription under the offering.


 


		2.	Payment



 


2.1 Each Purchaser acknowledges
and agrees that its commitment to purchase Ordinary Shares of the Company hereunder is and shall be irrevocable upon delivery of
the Subscription Proceeds and an executed counterpart original of this Subscription Agreement, an investor questionnaire, form
of which is attached hereto as Exhibit A (the “Investor Questionnaire”), to the Company. The Subscription Proceeds
must accompany or precede this Subscription Agreement and shall be paid to the following bank account or cryptocurrency wallet.


 


	If in cash:	 
	Title of the Account:	ZK Pipe Industry Co. Limited
	Account #:	20133112
	Beneficiary Bank:	China Merchants Bank Co. Ltd, Hong Kong
	Swift Code:	Branch
	CMBCHKHH
	Bank Address:	21/F Bank of America Tower
	 	12 Harcourt Road, Central, Hong Kong
	If in cryptocurrency:	 


 






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		3.	Deliveries at or Prior to Closing



 


3.1 Prior to acceptance of this
Subscription Agreement by the Company, each Purchaser must complete, sign and return to the Company, or Company’s counsel
Ortoli Rosenstadt LLP, an executed copy of this Subscription Agreement with completed and executed Investor Questionnaire and wire
transfer the Subscription Proceeds as described in Section 2.1, above.


  


3.2 Each Purchaser shall complete,
sign and return to the Company as soon as possible, on request by the Company, any documents, questionnaires, notices and undertakings
as may be required by regulatory authorities or by applicable law.


 


3.3 The Company shall
deliver to each Purchaser the following:


 


		(a)	at the Closing (as defined below), a counterpart of this Subscription Agreement, duly executed by
an authorized signatory of the Company;



 


		(b)	within 10 business days of the Closing Date (as defined below), a certificate
or evidence of electronic book entry representing the Ordinary Shares in the amount set forth on the signature page hereto.



 


		4.	Closing



 


4.1 Completion of the sale of the
Ordinary Shares contemplated in this Subscription Agreement (any such completion, a "Closing") shall occur
on or before January 15, 2018, or on a such date to be mutually agreed upon by the Company and the Purchaser.


 


4.2 The Company may, at its discretion,
elect to close the Offering in one or more closings, in which event the Company may agree with one or more of the Purchasers (including
the Purchaser hereunder) to complete delivery of the Ordinary Shares to such Purchaser(s) against payment therefore at any time
on or prior to the furthest most date set by Section 4.1.


 


		5.	Conditions to Closing



 


5.1 Upon acceptance
of this Subscription Agreement, the obligations of the Company to Close on the Closing Date are subject to the following conditions:


 


		(a)	Delivery of the transaction documents as set forth in Section 3.1 and 3.2. 2



 






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		(b)	that all of the representations and warranties of the Purchaser made in this
Subscription Agreement and the Investor Questionnaire are accurate in all material respects when made and on the Closing Date;



 


		(c)	that all of the obligations, covenants and agreements of the Purchaser required
to be performed at or prior to the Closing Date shall have been performed; and



 


		(d)	that the Company shall have received the Subscription Proceeds.



 


5.2 The obligations of the Purchaser hereunder to Close
on the Closing Date are subject to the following conditions:


 


		(a)	that all of the representations and warranties of the Company made in this
Subscription Agreement are accurate in all material respects when made and on the Closing Date; and



 


		(b)	that all of the obligations, covenants and agreements of the Company required to be performed at
or prior to the Closing Date shall have been performed.



 


		6.	Representations, Warranties, Acknowledgements and Covenants of the Purchaser



 


6.1 Each Purchaser severally and not jointly hereby
acknowledges and agrees as of the date hereof and as of the Closing Date that:


 


		(a)	none of the Ordinary Shares have been registered under the Securities Act,
or under any state securities or "blue sky" laws of any state of the United States or any other jurisdiction;



 


		(b)	the decision to execute this Subscription Agreement and acquire the Ordinary Shares hereunder has
not been based upon any oral or written representation (other than representations set out in this Agreement) as to fact or otherwise
made by or on behalf of the Company;



 


		(c)	there are risks associated with an investment in the Company and the Ordinary Shares, including,
but not limited to, (i) the risk of changes in the cost of raw materials and energy, (ii) the risk
of intense competition in the PRC domestic market, (iii) risks related to our significant amount of short-term debt and (iv) the
risk of severe financial hardship or bankruptcy of one or more of our major clients;



 


		(d)	it has received all the information it considers necessary or appropriate for
purposes of deciding whether to purchase the Ordinary Shares. Each Purchaser further represents that it has had an opportunity
to ask questions and receive answers from the Company regarding the terms and conditions of the Ordinary Shares and regarding the
business, properties, prospects and financial condition of the Company, and to obtain additional information (to the extent the
Company possessed such information or could acquire it without unreasonable effort or expense) necessary to verify the accuracy
of any information furnished to it or to which it had access;



 






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		(e)	it has been advised to consult its own legal, tax and other advisors with
respect to the merits and risks of an investment in the Ordinary Shares and with respect to applicable resale restrictions;



 


		(f)	it understands that the Company is making no representations and warranties
regarding tax consequences for your investment in the Ordinary Shares, the US Foreign Corrupt Practices Act or the securities law
of the home or residential jurisdiction of any Purchaser.



 


6.2 Each Purchaser severally
and not jointly hereby represents and warrants to, and covenants with, the Company (which representations, warranties and covenants
shall survive the Closing) as of the date hereof and as of the Closing Date that:


 


		(a)	it has the legal capacity and competence to enter into and execute this Subscription
Agreement and to take all actions required hereby and, if the Purchaser is a corporation, it is duly incorporated and validly existing
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 its behalf;



 


		(b)	the entering into of this Subscription Agreement and the transactions contemplated
hereby do not result in the violation of any of the terms and provisions of any law or regulation applicable to the Purchaser or
of any agreement, written or oral, to which the Purchaser may be a party or by which the Purchaser is or may be bound;



 


		(c)	the Purchaser has duly executed and delivered this Subscription Agreement
and it constitutes a valid and binding agreement of the Purchaser enforceable against the Purchaser in accordance with its terms;



 


		(d)	All information furnished in the Investor Questionnaire completed is true and correct in all respects.



 


		(e)	the Purchaser is not a “U.S. Person” as defined in Rule 902 under
the 1933 Act and is resident in the jurisdiction set out under the heading "Name and Address of Purchaser" on the signature
page of this Subscription Agreement;



 


		(f)	At the time Purchaser executed and delivered this Agreement, Purchaser was
outside the United States and is outside of the United States as of the date of the execution and delivery of this Agreement;



 


		(g)	Purchaser is acquiring the Ordinary Shares for its own account and not on
behalf of any U.S. person, and the sale has not been pre-arranged with a purchaser in the United States;



 


		(h)	Purchaser represents and warrants and hereby agrees that all offers and sales
of any of the Ordinary Shares prior to the expiration of a period commencing on the Closing Date and ending twelve months thereafter,
unless adjusted as hereinafter provided (the "Restricted Period"), shall only be made in compliance with the safe harbor
contained in Regulation S, pursuant to registration of the Ordinary Shares under the 1933 Act or pursuant to an exemption from
registration, and all offers and sales after the Restricted Period shall be made only pursuant to such a registration
or to such exemption from registration;



 






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		(i)	the Purchaser (i) has such knowledge and experience in business matters as
to be capable of evaluating the merits and risks of its prospective investment in the Ordinary Shares; and (ii) has the ability
to bear the economic risks of its prospective investment and can afford the complete loss of such investment;



 


		(j)	the Purchaser is not aware of any advertisement of any of the Ordinary Shares
and is not acquiring any of the Ordinary Shares 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;



 


		(k)	no person has made any written or oral representations to the Purchaser:



 


		(i)	that any person will resell or repurchase any of the Ordinary Shares;



 


		(ii)	that any person will refund the purchase price of any of the Ordinary Shares; or



 


		(iii)	as to the future price or value of any of the Ordinary Shares; and



 


		(l)	the Purchaser will indemnify and hold harmless the Company and, where applicable,
its directors, officers, employees, agents, advisors and shareholders, from and against 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 Purchaser contained herein or in any document furnished by the
Purchaser to the Company in connection herewith being untrue in any material respect or any breach or failure by the Purchaser
to comply with any covenant or agreement made by the Purchaser to the Company in connection therewith.



 


6.3 Between the date of this Agreement
and the Closing, the Purchaser shall notify the Company if any of the above representations and warranties ceases to be true.


 


6.4 Each Purchaser, severally but not jointly,
acknowledges that the representations and warranties contained herein are made by it with the intention that they may be relied
upon by the Company and its legal counsel in determining such Purchaser's eligibility to purchase the Ordinary Shares for which
it is subscribing under applicable securities legislation. Each Purchaser further agrees that by accepting delivery of the certificates
representing the Ordinary Shares on the Closing Date, 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 Purchaser
at the Closing Date and that they will survive the purchase by the Purchaser of Ordinary Shares and will continue in full force
and effect notwithstanding any subsequent disposition by the Purchaser of such Ordinary Shares.


 






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		7.	Representations and Warranties of the Company



 


7.1 The Company acknowledges and
agrees that each Purchaser is entitled to rely upon the representations and warranties of the Company, contained in this Agreement
and further acknowledges that each Purchaser will be relying upon such representations and warranties in purchasing the Ordinary
Shares. The Company represents and warrants as follows:


  


		(a)	The Company is duly incorporated, validly existing and in good standing under the laws of the British
Virgin Islands.



 


		(b)	The Company has the requisite power and authority to own and use its properties and assets and to
carry on its business as currently conducted.



 


		(c)	The Company is not in violation or default of any of the provisions of its articles of incorporation
or bylaws. The Company is duly qualified to conduct its business and is in good standing as a foreign corporation or other entity
in each jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary,
except where the failure to be so qualified or in good standing, as the case may be, could not reasonably be expected to result
in (i) a material adverse effect on the legality, validity or enforceability of this Subscription Agreement, (ii) a material adverse
effect on the results of operations, assets, business or financial condition of the Company, taken as a whole, or (iii) a material
adverse effect on the Company’s ability to perform in any material respect on a timely basis its obligations under this Subscription
Agreement (any of (i), (ii) or (iii) being hereafter referred to as a “Material Adverse Effect”), and
no proceeding has been instituted in any such jurisdiction revoking, limiting or curtailing or seeking to revoke, limit or curtail
such power and authority or qualification.



 


		(d)	The Company has the requisite corporate power and authority to enter into and
to consummate the transactions contemplated by this Subscription Agreement and to carry out its obligations hereunder. The execution
and delivery of this Subscription Agreement by the Company and the consummation by it of the transactions contemplated hereby have
been duly authorized by all necessary action on the part of the Company and no further corporate authorization is required by the
Company in connection therewith.



 


		(e)	Upon delivery, this Subscription Agreement will have been duly executed by the Company and will
constitute the valid and binding obligation of the Company enforceable against the Company in accordance with its terms except
(i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting
enforcement of creditors’ rights generally and (ii) as limited by laws relating to the availability of specific performance,
injunctive relief or other equitable remedies.



 


		(f)	Upon execution and delivery of this Subscription Agreement and the performance by the Company of
the obligations imposed on it in this Subscription Agreement, including the issuance and sale of the Ordinary Shares, will not
(i) conflict with or violate any provision of the Company’s certificate or articles of incorporation, bylaws or other organizational
or charter documents, or (ii) conflict with, or constitute a default (or an event that with notice or lapse of time or both would
become a default) under, or give to others any rights of termination,
amendment, acceleration or cancellation (with or without notice, lapse of time or both) of, any material agreement, credit facility,
debt or other instrument (evidencing a Company debt or otherwise) or other agreement to which the Company is a party or by which
any material property or material asset of the Company, or (iii) conflict with or result in a violation of any law, rule, regulation,
order, judgment, injunction, decree or other restriction of any court or governmental authority to which the Company is subject,
or by which any material property or material asset of the Company is bound, except, in each case, as could not reasonably be expected
to result in a Material Adverse Effect.



 






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		(g)	Except for consents from individuals and entities as set forth on Schedule
8.1(g), the Company is not required to obtain any consent, waiver, authorization or order of, give any notice to, or make any filing
or registration with, any court or other federal, state, local or other governmental authority or other person in connection with
the execution, delivery and performance by the Company of this Subscription Agreement.



 


		(h)	The Ordinary Shares are duly authorized and, when issued and paid for in accordance with this Subscription
Agreement, will be validly issued as fully paid and non-assessable, free and clear of all liens and encumbrances other than restrictions
provided for in this Subscription Agreement and applicable law.



 


		(i)	The issuance and sale of the Ordinary Shares will not obligate the Company
to issue Ordinary Shares or other securities to any person (other than the Purchasers and their designees) and will not result
in a right of any holder of the Company’s securities to adjust the exercise, conversion, exchange or reset price under such
securities.



 


		8.	Legending of Subject Securities.



 


9.1 The Purchaser hereby acknowledges
that upon the issuance thereof, and until such time as the same is no longer required under the applicable securities laws and
regulations, any certificates representing the Ordinary Shares may bear a restrictive legend pursuant to applicable laws and may
include language substantially similar to the below:


 


“THE SECURITIES REPRESENTED
HEREBY HAVE BEEN OFFERED IN AN OFFSHORE TRANSACTION TO A PERSON WHO IS NOT A U.S. PERSON (AS DEFINED HEREIN) PURSUANT TO REGULATION
S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "1933 ACT"). NONE OF THE SECURITIES REPRESENTED HEREBY
HAVE BEEN REGISTERED UNDER THE 1933 ACT, OR ANY U.S. STATE SECURITIES LAWS, AND, UNLESS SO REGISTERED, MAY NOT BE OFFERED OR SOLD,
DIRECTLY OR INDIRECTLY, IN THE UNITED STATES (AS DEFINED HEREIN) OR TO U.S. PERSONS 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. "UNITED STATES" AND "U.S. PERSON" ARE AS DEFINED BY REGULATION S UNDER THE
1933 ACT.”


 






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		9.	Costs



 


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


 


		10.	Governing Law



 


10.1 This Subscription Agreement
is governed by the laws of the State of New York and the federal laws of the United States applicable therein. The Purchaser, in
its personal or corporate capacity and irrevocably attorns to the jurisdiction of the state and federal courts located in New York
County, New York. Each party agrees that the state and federal courts located in New York County, New York shall be the exclusive
jurisdiction for settling all disputes hereunder.


 


		11.	Independent Nature of Purchaser’s Obligations and Rights



 


11.1 The obligations of each
Purchaser under this Subscription Agreement are several and not joint with the obligations of any other Purchaser, and no Purchaser
shall be responsible in any way for the performance of the obligations of any other Purchaser. Nothing contained herein, and no
action taken by any Purchaser pursuant thereto, shall be deemed to constitute the Purchasers as a partnership, an association,
a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert or as
a group with respect to such obligations or the transactions contemplated by this Subscription Agreement. Each Purchaser shall
be entitled to independently protect and enforce its rights, including without limitation, the rights arising out of this Subscription
Agreement, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such
purpose. Each Purchaser has been represented by its own separate legal counsel in their review and negotiation of this Subscription
Agreement or it has knowingly waived its right to do so and has proceeded without benefit of counsel.


 


		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 Ordinary Shares by
the Purchaser pursuant hereto.


 


		13.	Assignment



 


13.1 This Subscription Agreement is not transferable
or assignable without written consent by both the Company and Purchaser.


 


 






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		14.	Severability



 


14.1 If any provision of this
Agreement is held to be invalid or unenforceable in any respect, the validity and enforceability of the remaining terms and provisions
of this Agreement shall not in any way be affected or impaired thereby and the parties will attempt to agree upon a valid and enforceable
provision that is a reasonable substitute therefor, and upon so agreeing, shall incorporate such substitute provision in this Agreement.


 


		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 Ordinary Shares 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 at the date received if mailed or transmitted by any
standard form of telecommunication (including email, but not including facsimile). Notices to the Purchaser shall be directed to
the address on the signature page of this Subscription Agreement and notices to the Company shall be directed to it at


 


Mr. Jiancong Huang 


c/o Wenzhou Zhengkang Industrial Co., Ltd.
No. 678


Dingxiang Road, Binhai Industrial Park Economic &


Technology Development Zone Wenzhou, Zhejiang Province


325025 People’s
Republic of China Email: zjzk@cn-zk.cn 


 


With a copy to (failure to provide such copy shall
mean that no notice has been given hereunder):


 


William S. Rosenstadt 


Mengyi “Jason” Ye


Ortoli Rosenstadt LLP


501 Madison Avenue


New York, New York 10022


USA


		Email:	wsr@ortolirosenstadt.com
	 	 	jye@ortolirosenstadt.com






 


		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.


 






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		18.	Amendment and Waiver



 


18.1 No provision of this Agreement
may be waived or amended except in a written instrument signed, in the case of an amendment, by the Company and each Purchaser
or, in the case of a waiver, by the party against whom enforcement of any such waiver is sought. No waiver of any default with
respect to any provision, condition or requirement of this Agreement shall be deemed to be a continuing waiver in the future or
a waiver of any subsequent default or a waiver of any other provision, condition or requirement hereof, nor shall any delay or
omission of either party to exercise any right hereunder in any manner impair the exercise of any such right.


 


 


 


 


[SIGNATURE PAGES TO FOLLOW]


 



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


 


	 	 	 
	(Amount of Subscription in USD)	 	(Name of Purchaser – Please type or print)
	 	 	 
	 	 	 
	(Amount of Subscription in equivalent cryptocurrency)	 	(Signature and, if applicable, Office)
	 	 	 
	 	 	 
	 (Conversion rate between USD and applicable cryptocurrency)	 	(Address of Purchaser)
	 	 	 
	 	 	 
	 (Number of Ordinary Shares Subscribed)	 	(City, State/Province, Postal Code of Purchaser)
	 	 	 
	 	 	 
	 	 	(Country of Purchaser)


 






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A C C E P T A N C E


 


The above-mentioned Subscription Agreement in respect
of the Ordinary Shares is hereby accepted by ZK International Group Co., Ltd.


 


DATED at _____________________________________, the ________
day of 


__________________, 2018.


 


  


 


 


ZK INTERNATIONAL GROUP CO., LTD.


  


 


		By:		 



Name: Jiancong Huang


Title: Chief Executive Officer


 


 






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Exhibit A


 


Investor Questionnaire


 


 



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