Exhibit
10.1


 


 


SUBSCRIPTION
AGREEMENT 


 


This
Subscription Agreement (the "Agreement") dated as of December 24, 2014, has been executed by the undersigned (the "Subscriber")
in connection with the offer and sale (the "Offering") of 1,600,000 shares of common stock, $0.001 par value per share
(the "Shares"), at a price of US$0.25 per share of Yosen Group, Inc, a Nevada corporation (the "Company").
The Offering of the Shares is being made in reliance upon the provisions of Regulation S ("Regulation S") promulgated
by the Securities and Exchange Commission (the "SEC") under the Securities Act of 1933, as amended (the "Securities
Act"). Upon the terms and subject to the conditions set forth herein, the Subscriber hereby agrees to purchase, and the Company
hereby agrees to issue and sell the shares. In consideration of the mutual promises, representations and warranties set forth
herein, the Company and the Subscriber hereby agree as follows:


 


1.Agreement
to Subscribe


 


1.1Purchase
and Issuance of the Shares. The Subscriber is hereby subscribing for 1,600,000 Shares of Common Stock. The aggregate price
payable for the Shares is US$400,000.00 ("Purchase Price"). At the Closing, Subscriber will deliver to the Company,
or as otherwise instructed by the Company, the Purchase Price by bank check, wire transfer or such other form of payment as shall
be acceptable to the Company, in its sole and absolute discretion.


 


1.2Closing.
The closing for the sale of the Shares to the Subscriber shall take place at the offices of the Company on December 24, 2014 (the
"Closing"), or at such other time and/or such other place as the Company may determine in its sole and absolute
discretion.


 


2.Representations
and Warranties of the Subscriber


 


The
Subscriber represents and warrants to the Company that:


 


2.1No
Government Recommendation or Approval. The Subscriber understands that no United States federal or state agency or similar
agency of any other country, has passed upon or made any recommendation or endorsement of the Company or the Offering of the Shares.


 


2.2Not
a "U.S. Person". The Subscriber is not a "U.S. Person" as defined in Rule 902 of Regulation S
promulgated under the Securities Act, was not organized under the laws of any United States jurisdiction, and was not formed for
the purpose of investing in securities not registered under the Securities Act. At the time the purchase order for this transaction
was originated, the Subscriber was outside the United States.


 



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2.3Intent.
The Subscriber is purchasing the Shares solely for investment purposes, for the Subscriber's own account and not for the account
or benefit of any U.S. person, and not with a view towards the distribution or dissemination thereof and the Subscriber has no
present arrangement to sell the Shares to or through any person or entity. The Subscriber understands that the Shares must be
held indefinitely unless such Shares are resold in accordance with the provisions of Regulation S, are subsequently registered
under the Securities Act or an exemption from registration is available.





2.4Restrictions
on Transfer. The Subscriber understands that the Shares are being offered in a transaction not involving a public offering
in the United States within the meaning of the Securities Act. The Shares have not been and will not be registered under the Securities
Act, and, if in the future the Subscriber decides to offer, resell, pledge or otherwise transfer the Shares, such Shares may be
offered, resold, pledged or otherwise transferred only (A) pursuant to an effective registration statement filed under the Securities
Act, (B) to a non-U.S. person in an offshore transaction in accordance with Rule 903 or Rule 904 of Regulation S of the Securities
Act, (C) pursuant to the resale limitations set forth in Rule 905 of Regulation S, (D) pursuant to an exemption from registration
under the Securities Act provided by Rule 144 thereunder (if available) or (E) pursuant to any other exemption from the registration
requirements of the Securities Act, and in each case in accordance with any applicable securities laws of any state of the United
States or any other jurisdiction. The Subscriber acknowledges, agrees and covenants that it will not engage in hedging transactions
with regard to the Shares prior to the expiration of the distribution compliance period specified in Rule 903 of Regulation S
promulgated under the Act, unless in compliance with the Securities Act. The Subscriber agrees that if any transfer of its Shares
or any interest therein is proposed to be made, as a condition precedent to any such transfer, the transferor may be required
to deliver to the Company an opinion of counsel satisfactory to the Company. Absent registration or another exemption from registration,
the Subscriber agrees that it will not resell the Shares to U.S. Persons or within the United States.





2.5.Accredited
and Sophisticated Investor.


 


The
Subscriber is familiar with the term "accredited investor" as defined in Regulation D promulgated under the Securities
Act and is an "accredited investor" within the meaning of such term in Regulation D.


 


The
Subscriber is sophisticated in financial matters and is able to evaluate the risks and benefits of the investment in the Shares.


 


The
Subscriber is able to bear the economic risk of his investment in the Shares for an indefinite period of time because none of
the Shares have been registered under the Securities Act and therefore cannot be sold unless subsequently registered under the
Securities Act or an exemption from such registration is available.


 



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2.6Independent
Investigation. The Subscriber, in making the decision to purchase the Shares, has relied upon an independent investigation
of the Company and has not relied upon any information or representations made by any third parties or upon any oral or written
representations or assurances from the Company, its officers, directors or employees or any other representatives or agents of
the Company, other than as set forth in this Agreement. The Subscriber is familiar with the business, operations and financial
condition of the Company and has had an opportunity to ask questions of, and receive answers from, the Company’s officers
and directors concerning the Company and the terms and conditions of the offering of the Shares and has had full access to such
other information concerning the Company as the Subscriber has requested.


 


2.7Authority.
This Agreement has been validly authorized, executed and delivered by the Subscriber and is a valid and binding agreement enforceable
in accordance with its terms, subject to the general principles of equity and to bankruptcy or other laws affecting the enforcement
of creditors' rights generally. The execution, delivery and performance of this Agreement by the Subscriber does not and will
not conflict with, violate or cause a breach of any agreement, contract or instrument to which the Subscriber is a party.


 


2.8No
Legal Advice from Company. The Subscriber acknowledges that he, she or it has had the opportunity to review this Agreement
and the transactions contemplated by this Agreement and the other agreements entered into between the parties hereto with the
Subscriber's own legal counsel and investment and tax advisors. Except for any statements or representations of the Company made
in this Agreement and the other agreements entered into between the parties hereto, the Subscriber is relying solely on such counsel
and advisors and not on any statements or representations of the Company or any of its representatives or agents for legal, tax
or investment advice with respect to this investment, the transactions contemplated by this Agreement or the securities laws of
any jurisdiction.


 


2.9Reliance
on Representations and Warranties. The Subscriber understands that the Shares are being offered and sold to the Subscriber
in reliance on specific provisions of United States federal and state securities laws and that the Company is relying upon the
truth and accuracy of the representations, warranties, agreements, acknowledgments and understandings of the Subscriber set forth
in this Agreement in order to determine the applicability of such provisions.





2.10No
Advertisements. The undersigned is not subscribing for Shares as a result of or subsequent to any advertisement, article,
notice or other communication published in any newspaper, magazine, or similar media or broadcast over television or radio, or
presented at any seminar or meeting.



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3.Representations
and Warranties of the Company


 


The
Company represents and warrants to the Subscriber that:


 


3.1Valid
Issuance of Capital Stock. The shares of Common Stock will, when issued in accordance with the terms of this Agreement, be
duly authorized, validly issued, fully paid and non-assessable.


 


3.2Organization
and Qualification. The Company is a corporation duly incorporated and existing in good standing under the laws of the state
of Nevada and has the requisite corporate power to own its properties and assets and to carry on its business as now being
conducted.


 


3.3Authorization;
Enforcement. (i) The Company has the requisite corporate power and authority to enter into and perform its obligations under
this Agreement and to issue the Shares in accordance with the terms hereof, (ii) the execution, delivery and performance of this
Agreement by the Company and the consummation by it of the transactions contemplated hereby have been duly authorized by all necessary
corporate action, and no further consent or authorization of the Company or its Board of Directors or stockholders is required,
and (iii) this Agreement constitutes valid and binding obligations of the Company enforceable against the Company in accordance
with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, fraudulent conveyance, moratorium,
reorganization, or similar laws relating to, or affecting generally the enforcement of, creditors' rights and remedies or by equitable
principles of general application and except as enforcement of rights to indemnity and contribution may be limited by federal
and state securities laws or principles of public policy.


 


3.4No
Conflicts. To the knowledge of the Company, the execution, delivery and performance of this Agreement and the consummation
by the Company of the transactions


contemplated
hereby do not materially (i) result in a violation of the Company's Articles of Incorporation or By-Laws or (ii) conflict with,
or constitute a default under any agreement, indenture or instrument to which the Company is a party. Other than any SEC or state
securities filings which may be required to be made by the Company subsequent to the Closing, the Company is not required under
federal, state or local law, rule or regulation to obtain any consent, authorization or order of, or make any filing or registration
with, any court or governmental agency or self-regulatory entity in order for it to perform any of its obligations under this
Agreement or issue the Shares in accordance with the terms hereof.






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4.Legends;
Denominations


 


4.1Legend.
The Company will issue the Shares purchased by the Subscriber in the name of the Subscriber and in such denominations to be specified
by the Subscriber prior to the Closing. The Shares will bear the following legend (the "Legend"), and appropriate "stop
transfer" instructions:


 


THESE
SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”),
AND THESE SECURITIES MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT (A) PURSUANT TO AN EFFECTIVE REGISTRATION
STATEMENT FILED UNDER THE SECURITIES ACT, (B) TO A NON-U.S. PERSON IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH RULE 903 OR RULE
904 OF REGULATION S UNDER THE SECURITIES ACT, (C) PURSUANT TO THE RESALE LIMITATIONS SET FORTH IN RULE 905 OF REGULATIONS S UNDER
THE SECURITIES ACT, (D) PURSUANT TO AN EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT (IF AVAILABLE)
OR (E) PURSUANT TO ANY OTHER EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, IN EACH CASE IN ACCORDANCE WITH
ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER JURISDICTION. HEDGING TRANSACTIONS INVOLVING THESE
SECURITIES MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE SECURITIES ACT.


 


4.2Subscriber's
Compliance. Nothing in this Section 4 shall affect in any way the Subscriber's obligations and agreement to comply with all
applicable securities laws upon resale of the Shares.


 


4.3Company’s
Refusal to Register Transfer of Shares. The Company shall refuse to register any transfer of the Shares not made in accordance
with the provisions of Regulation S, pursuant to an effective registration statement filed under the Securities Act, or pursuant
to an available exemption from the registration requirements of the Securities Act.


 



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5.Governing
Law; Jurisdiction; Waiver of Jury Trial


 


This
Agreement shall be governed by and construed in accordance with the laws of the State of Nevada. The parties hereto hereby waive
any right to a jury trial in connection with any litigation pursuant to this Agreement and the transactions contemplated hereby.


 


6.Assignment;
Entire Agreement; Amendment


 


6.1Assignment.
Neither this Agreement nor any rights hereunder may be assigned by any party to any other person other than by Subscriber to a
person agreeing to be bound by the terms hereof.


 


6.2Entire
Agreement; Amendment. This Agreement and any other documents delivered pursuant hereto constitute the full and entire understanding
and agreement between the parties with regard to the subject matter hereof, and no party shall be liable or bound to any other
party in any manner by any warranties, representations or covenants except as specifically set forth in this Agreement. Except
as expressly provided in this Agreement, neither this Agreement nor any term hereof may be amended, waived, discharged or terminated
other than by a written instrument signed by the party against whom enforcement of any such amendment, waiver, discharge, or termination
is sought.


 


7.Notices;
Indemnity


 


7.1Notices.
Unless otherwise provided herein, any notice or other communication to a party hereunder shall be sufficiently given if in writing
and personally delivered or sent by facsimile with copy sent in another manner herein provided or sent by courier (which for all
purposes of this Agreement shall include Federal Express, UPS or other recognized overnight courier) or mailed to said party by
certified mail, return receipt requested, at its address provided for herein or such other address as either may designate for
itself in such notice to the other and communications shall be deemed to have been received when delivered personally on the scheduled
arrival date when sent by next day or 2-day courier service or if sent by facsimile upon receipt of confirmation of transmittal
or, if sent by mail, then three days after deposit in the mail.


 


7.2Indemnification.
Each party shall indemnify the other against any loss, cost or damages (including reasonable attorney's fees and expenses) incurred
as a result of such party's breach of any representation, warranty, covenant or agreement in this Agreement.


 



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8.Counterparts


 


This
Agreement may be executed in any number of counterparts, each of which shall be enforceable against the parties actually executing
such counterparts, and all of which together shall constitute one instrument.


 


9.Survival;
Severability


 


The
representations, warranties, covenants and agreements of the parties hereto shall survive the Closing. In the event that any provision
of this Agreement becomes or is declared by a court of competent jurisdiction to be illegal, unenforceable or void, this Agreement
shall continue in full force and effect without said provision; provided that no such severability shall be effective if it materially
changes the economic benefit of this Agreement to any party.


 


10.Titles
and Subtitles


 


The
titles and subtitles used in this Agreement are used for convenience only and are not to be considered in construing or interpreting
this Agreement.


 


 



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	Name of the Subscriber: Shu Chen	 	 
	 	 	 
	Date of Subscription: December 24, 2014	 	 
	Place of Residency and/or Principal Place of Business: Hangzhou China,	 
	Address of Subscriber:	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	Signature of Subscriber:	 	 
	By:	/s/ Shu Chen	 
	Name:	Shu Chen	 






 


 


 




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	This
subscription is accepted by the Company on the 24th day of December, 2014
	 
	 	 	YOSEN GROUP, INC.
	 	 	 
	 	Name:	/s/ Zhenggang Wang
	 	Title:	Chief Executive Officer