Document:

Exhibit 10.2

SUBSCRIPTION AGREEMENT

 

This Subscription Agreement
(the "Agreement") dated as of August 23, 2013, has been executed by the undersigned (the "Subscriber") in connection
with the offer and sale (the "Offering") of 1,000,000 investment units (the “Units”), with each Unit consisting
of: (i) one (1) shares of common stock, $0.001 par value per share (the "Common Stock"), at a price of US$0.25 per Share
of Yosen Group, Inc, a Nevada corporation (the "Company") and (ii) a three-year warrant to purchase one (1) share of
common stock, par value $0.001 per share, of the Company at an exercise price of US$0.25 per share, for a total of US$250,000.00.
The Offering of the Units 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 Units. 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

 

1.1          Purchase
and Issuance of the Units. The Subscriber is hereby subscribing for 1,000,000 Units. The aggregate price payable for the units
is US$250,000.00 ("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.

 

1.2          Closing.
The closing for the sale of the Units to the Subscriber shall take place at the offices of the Company on August 23, 2013 (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:

 

2.1          No
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 Units.

 

2.2          Not
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.

 

    	1

    	 

    

 

2.3          Intent.
The Subscriber is purchasing the Units 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 Units to or through any person or entity. The Subscriber understands that the Units must be held
indefinitely unless such Units are resold in accordance with the provisions of Regulation S, are subsequently registered under
the Securities Act or an exemption from registration is available.

 

2.4          Restrictions
on Transfer. The Subscriber understands that the Units are being offered in a transaction not involving a public offering in
the United States within the meaning of the Securities Act. The Units 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 Units, such Units 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 Units 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 Units 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 Units to U.S. Persons or within the United States.

 

2.5.     
    Accredited and Sophisticated Investor.

 

(i)          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.

 

(ii)         The
Subscriber is sophisticated in financial matters and is able to evaluate the risks and benefits of the investment in the Units.

 

(iii)        The
Subscriber is able to bear the economic risk of his investment in the Units for an indefinite period of time because none of the
Units 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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2.6          Independent
Investigation. The Subscriber, in making the decision to purchase the Units, 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 Units and has had full access to such other information concerning
the Company as the Subscriber has requested.

 

2.7          Authority.
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.

 

2.8          No
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.

 

2.9          Reliance
on Representations and Warranties. The Subscriber understands that the Units 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.         

 

2.10        No
Advertisements. The undersigned is not subscribing for Units 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:

 

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

 

3.2          Organization
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.

 

3.3          Authorization;
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 Units 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.

 

3.4          No
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 Units in accordance with the terms hereof.

 

4.      
    Legends; Denominations

 

4.1          Legend.
The Company will issue the Units 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 Units will bear the following legend (the "Legend"), and appropriate "stop
transfer" instructions:

 

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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.

 

4.2          Subscriber'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 Units.

 

4.3          Company’s
Refusal to Register Transfer of Units. The Company shall refuse to register any transfer of the Units 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.

 

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.

 

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6.       
   Assignment; Entire Agreement; Amendment

 

6.1          Assignment.
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.

 

6.2          Entire
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

 

7.1          Notices.
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.

 

7.2          Indemnification.
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.

 

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.

 

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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.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT
BLANK.]

 

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Name of the Subscriber:  Wa Cheung

 

Date of Subscription: August 23, 2013

Place of Residency and/or Principal Place of Business:
Hangzhou, China

Address of Subscriber:

______________________

______________________

 

Signature of Subscriber:

	 	By:	/s/ Wa Cheung
	 	Name:	Wa Cheung

 

    	8

    	 

    

 

This subscription is accepted by the Company
on the 23rd day of August, 2013

 

	 	YOSEN GROUP, INC.
	 	 	 
	 	By:	/s/ Zhenggang Wang
	 	Name: Zhenggang Wang
	 	Title: Chief Executive Officer

 

    	9Exhibit 10.1

    

    
      
      
    

    
      August 6, 2013
    

    

    

    

    

    
      Richard John Sudol
[Address]
[Address]
[E-mail
      Address]
[Telephone
      Number]
    

    
      Dear Mr. Sudol:
    

    
      On behalf of The Simsbury Bank & Trust
      Company, I am pleased to offer you the position of Chief Financial
      Officer with the officer title of Senior Vice President.  We are very
      pleased for you to join us in helping consumers and businesses to
      achieve their goals with our banking and investment services.  We look
      forward to your contributions toward achievement of our growth
      strategies to benefit our customers, employees and shareholders.
    

    
      Start Date, Compensation and Work/Pay
      Schedule
Your
      start date will be determined, but is anticipated to be August 26,
      2013.  Your starting rate will be $175,000 per year.  As the position is
      at an officer level, the proposed election will be brought to the Bank’s
      Board of Directors at an upcoming board meeting.
    

    
      The position is full time and also exempt
      from overtime provisions (meaning you will not receive overtime pay at
      time and a half if you work in excess of 40 hours in a week).  Our
      current pay schedule is every other week, or 26 times per year.  We
      generally conduct performance reviews with employees after their first
      three months with us and thereafter generally annually.  
    

    
      Benefits
Our
      current policy is to provide 28 days of paid time off (PTO) per year for
      senior officers.  PTO is calculated on a calendar basis; therefore you
      will be eligible for 9 days to be used through the end of this year and
      28 days in 2014.  This bank of time includes all paid sick, personal and
      vacation time; eight of these days per year can be carried over into the
      next year to be used by June 30th
      of that year.
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
      You will be eligible for participation in
      our group medical, dental, life insurance and disability insurance plans
      beginning the first of the month after your start date and the matching
      401k Plan on the first of the month following 90 days of service,
      pursuant to each of those plans’ governing rules and regulations.  
    

    
      In addition, you will be eligible for the
      Bank’s executive annual short term incentive plan.  The target bonus
      rate for this position is 15%, but up to 20% of salary for exceptional
      performance.  The Bank will commit to a 15% bonus for 2013 based on the
      full annual salary rate; bonuses are typically paid in April of the
      following year.  To be paid this bonus for any particular year you must
      be employed with the Bank at the time of payout.
    

    
      In the event that the Board of Directors
      authorizes a restricted stock or stock option award this year under our
      current Stock Award and Option Plan, you would be included in the award
      with a target award with the current market value of approximately 15%
      of base salary.  These awards are authorized by the Board of Directors
      and vest over a three year period.  There is no annual expectation in
      the granting stock awards, but consideration of grants is generally made
      each fourth quarter of the year.
    

    
      Within six months of your start date, you
      will be granted a supplemental employee retirement plan with a structure
      similar to those in existence for senior officers currently, subject to
      a “best practices” update by the Bank’s vendor, with a value of $20,000
      in annual retirement payments for 15 years beginning at age 65.  In the
      case of your death while actively employed with the Bank, your
      designated beneficiary will receive an annual survivor’s benefit equal
      to $20,000 annually for 15 years; upon your death while receiving the
      supplemental employee retirement plan pension, your designated
      beneficiary shall receive the remaining payments which would have been
      due to you.  Furthermore, upon a change in control of the Company or the
      Bank, you would be credited with five years of service with respect to
      the Supplemental Executive Retirement plan.
    

    
      You will be granted a change of control
      agreement with terms similar in structure to those described in the 2013
      proxy statement of SBT Bancorp for Mr. Bisceglio and Mr. Sheahan,
      subject to “best practices” update by the Bank’s counsel.
    

    
      You will be eligible for participation in
      the executives’ enhanced disability coverage which allows for up to
      $25,000 in monthly benefits paid at approximately two-thirds of
      compensation (as opposed to the $8,000 maximum of our standard group
      plan.)
    

    
      You will be eligible for participation in
      the executives’ enhanced life insurance coverage which provides coverage
      of 2.25 times salary up to a benefit of $300,000 (as opposed to the
      $200,000 maximum benefit of our standard group plan.)
    

    
      In addition, you will be paid a $5,000
      general relocation expense stipend; this will be payable in the first
      regular payroll that is calculated after your start date.  
    

    
      All of these benefits and policies are
      governed by policies specific to them and our Personnel Policies and
      Employee Handbook, which will be given to you on your first day.
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
      Your First Day
On
      your first day, please report to my office at 86 Hopmeadow Street,
      Simsbury, at 8:00 a.m. At that time, we will complete the required
      new-hires forms, review our benefits package, and other first-day
      information.  
    

    
      Please bring identification that is
      acceptable for completing the I-9 form that all employees must complete
      for the Bank to ascertain identity and eligibility to work in the United
      States.  Attached or via the link below is a list of acceptable forms of
      identification for this purpose (you will need either one or two pieces
      of identification – the number determined by which type of documentation
      you provide – see the last page of the I-9 form). http://www.uscis.gov/files/form/i-9.pdf
    

    
      Please also bring your driver’s license if
      that is not one of the pieces of identification you choose to use for
      completing the I-9 form so that we can copy it for use in setting your
      access to the Bank’s core system.  
    

    
      Other Terms and At-Will Employment
      Status
You
      should know that employment with The Simsbury Bank & Trust Company is an
      “at will” relationship and both the Bank and the individual employee are
      free to terminate the employment relationship at their discretion at any
      time for any reason.
    

    
      This letter contains the complete terms of
      our offer of employment to you and any prior oral or written
      representations which are not contained in this letter are
      invalid.  These original terms of your employment with the Bank may
      change from time to time.
    

    
      You have given your initial acceptance
      verbally, but please follow that up with your signature on this letter
      and return the letter to me either by fax (860.651.2075) or by scanning
      and emailing me (spresutti@simsburybank.com).  This
      offer is contingent on the Bank performing and receiving satisfactory
      credit and background check reports, reference checks and other
      reports.  This offer
      expires on August 8, 2013 at 5:00 p.m.
    

    
      We are pleased to make this offer to you
      and look forward to you joining our highly motivated team of
      professionals.  If you have any questions in the meantime about anything
      regarding the position or our benefits or directions to my office,
      please feel free to call me at 860.651.2070.
    

    	
           
        	
          
            Sincerely yours,
          

        
	

        	
           
        
	

        	
          
            /s/ Susan D. Presutti
          

        
	

        	
           
        
	

        	
          
            Susan D. Presutti
          

        
	

        	
          
            Human Resources Officer
          

        

    

    
      If you agree to the terms as stated in
      this letter, please acknowledge by signing and dating below and
      returning this letter to the Bank by the offer expiration date.
    

    	
          
            /s/ Richard J. Sudol
          

        	
          
            August 6, 2013
          

        	

        
	

        	
          
            Date

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