Document:

EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 
 RETIREMENT
AGREEMENT 
 This Retirement Agreement (this “Agreement”) is entered into by Howard Schultz
(“Founder”) and Starbucks Corporation (“Starbucks”). 
 RECITALS 

A.    Founder is currently Executive Chairman of the Board of Directors (the “Board”) of Starbucks.
Effective June 26, 2018 (the “Retirement Date”), Founder will retire from his position as Executive Chairman and as a member of the Board. 

B.    Starbucks recognizes Founder for his entrepreneurship and leadership over nearly four decades, during which Founder
has built Starbucks into one of the world’s leading brands and the largest retail coffee chain in the world with over 28,000 stores. Starbucks wishes to honor Founder in his retirement by providing him with the lifetime honorary role of Founder
and Chairman Emeritus. Starbucks also wishes to retain Founder’s advisory services in conjunction with selected Starbucks initiatives following the Retirement Date through October 30, 2018 (such period, the “Advisory
Period”). 
 AGREEMENTS 

NOW, THEREFORE, in consideration of the foregoing recitals and the mutual promises contained below, it is agreed as follows: 

1.    Retirement Date. Effective as of the Retirement Date, Founder will retire as Executive Chairman and as
a member of the Board. Such retirement will be automatic and without any further action on the part of Founder. Founder will also resign from any and all of Founder’s other positions with Starbucks and its affiliates as of the Retirement Date,
and Founder will execute such additional documents as reasonably requested by Starbucks to evidence the foregoing. 

2.    Lifetime Appointment as Founder and Chairman Emeritus. Beginning on the Retirement Date and continuing
for the remainder of Founder’s life, Starbucks hereby appoints Founder to the honorary position of Founder and Chairman Emeritus of Starbucks. In such role, Founder will be entitled to attend and observe all meetings of the Board (and be
notified thereof concurrent with notice to Board members); provided that the Board may exclude Founder from any such meeting to the extent the Board determines doing so is necessary to comply with applicable law, to maintain legal privilege,
to avoid an appearance of impropriety or conflict of interest or as otherwise determined by the Chairman of the Board in his or her judgment. To the extent the Founder attends Board meetings, he will be expected to observe restrictions on disclosure
or use of non-public information, comply with Starbucks trading policies, and comply with other applicable polices of Starbucks. In his capacity as Founder and Chairman Emeritus, Founder will not provide
any other services (as employee, consultant or otherwise) to Starbucks and will not be compensated for such role. 
 3.    Advisory
Period Responsibilities, Compensation and Benefits. 
  

	 	(a)	 In addition to the appointment described in Section 2, during the Advisory Period, Founder will, as an
independent contractor, (i) provide advisory services in respect of the openings of the Starbucks Reserve Roasteries in Milan and New York, (ii) 

	 	 
provide guidance and consultation on the Starbucks Reserve brand launch, (iii) work with the Chief Executive Officer of Starbucks and management team for an appropriate transition of
relationships with Starbucks’ commercial partners, (iv) engage with and visit with Starbucks’ partners around the globe, (v) report directly to the Chairman of the Board and (vi) be entitled to continued use of his current
office in Starbucks’ headquarters for purposes of providing such services. 

  

	 	(b)	 During the Advisory Period and as consideration for his advisory services, Founder will (i) not be
entitled to receive any further payment of base salary, (ii) to the extent applicable and permissible under Starbucks’ health, welfare and fringe benefit plans, be provided health, welfare and fringe benefit plan coverage on the same basis
as Founder received immediately prior to the Retirement Date through COBRA, and (iii) be entitled to receive reimbursement in accordance with Starbucks’ current policies for reasonable business expenses incurred in carrying out such
services. 

  

	 	(c)	 Starbucks will provide Founder with, for the remainder of Founder’s life (i) access to
Starbucks’ headquarters including a security access badge (updated periodically in accordance with applicable security policies), (ii) his current parking space and (iii) a lifetime Partner Card. 

 

	 	(d)	 Any unpaid bonuses, accrued but unpaid vacation pay, unreimbursed business expenses and any other earned and
vested amounts, entitlement or benefits (including amounts under the Starbucks Management Deferred Compensation Plan and the Starbucks 401(k) plan and COBRA continuation coverage), to the extent not otherwise described herein, will be paid or
provided to Founder in accordance with the terms of the applicable Starbucks plans and arrangements. 

  

	 	(e)	 With respect to Founder’s annual bonus opportunity under the Starbucks Executive Management Bonus Plan
for the 2018 fiscal year, Founder will be entitled, as of the Retirement Date, to a bonus of $1,875,000 for such fiscal year, with such bonus having been determined based on the assumptions that (i) all performance goals applicable to the first
quarter of the 2018 fiscal year are achieved at target level performance, (ii) all performance goals applicable to the second quarter of the 2018 fiscal year are achieved at 50% of target level performance, (iii) all performance goals
applicable to the third quarter of the 2018 fiscal year are achieved at 50% of target level performance, and (iv) Founder will not be entitled to annual bonus for the fourth quarter of the 2018 fiscal year. Such amount will be paid in cash
within 30 days following the Retirement Date, subject to any required tax withholding and deductions. 

  

	 	(f)	 With respect to Founder’s outstanding options to acquire shares of Starbucks common stock
(“Options”) granted under Starbucks’ 2005 Key Employee Sub-Plan to the 2005 Long-Term Equity Incentive Plan (the “Sub-Plan”),
Starbucks and Founder agree that, notwithstanding any plan, agreement or understanding to the contrary, Founder’s retirement as Executive Chairman on the Retirement Date (or a termination of employment for any reason prior to such date) will be
deemed a termination due to “Retirement” for all purposes under the Sub-Plan and any award agreements thereunder. As a result, all Options will (i) be fully vested and

  
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immediately exercisable as of the Retirement Date and (ii) not expire until the earlier of (x) the applicable expiration date and (y) 36 months following the Retirement Date. Starbucks
agrees that Founder will be entitled to satisfy, at Founder’s election, any tax withholding and deductions attributable to the exercise of any Option by causing Starbucks to withhold shares of Starbucks common stock that would otherwise be
issuable to Founder upon such exercise. 

 Starbucks and Founder further agree that any unvested
time-based units to acquire shares of Starbucks common stock (“RSUs”) granted under the Sub-Plan and held by Founder that are unvested as of the Retirement Date will be forfeited for no
consideration as of the Retirement Date without any further action by any of the parties hereto. Starbucks and Founder agree that, effective as of the Retirement Date, Founder will be deemed vested in 62,511 performance-based units to acquired
shares of Starbucks common stock (“PRSUs”) granted under the Sub-Plan and held by Founder as of the Retirement Date, with such number of vested PRSUs having been determined as follows:
(i) applicable performance goals are deemed to be achieved at actual performance levels as determined by the Board immediately prior to the Retirement Date and any remaining time-based vesting conditions are deemed satisfied with respect to a
prorated portion of the performance period calculated by multiplying the resulting PRSUs by a fraction, the numerator of which is the number of days from the beginning of the applicable vesting period through the Retirement Date and the denominator
of which is the total number of days within the vesting period, for the PRSU grants made on November 16, 2015; November 21, 2016; and April 17, 2017; and (ii) applicable performance goals are deemed to be achieved at target
performance levels and any remaining time-based vesting conditions are deemed satisfied with respect to a prorated portion of the performance period calculated by multiplying the resulting PRSUs by a fraction, the numerator of which is the number of
days from the beginning of the applicable vesting period through the Retirement Date and the denominator of which is the total number of days within the vesting period, for the PRSU grant made November 15, 2017. Any unvested PRSUs granted under
the Sub-Plan and held by Founder that do not vest in accordance with this Section 3(f) and remain unvested as of the Retirement Date will be forfeited for no consideration as of the Retirement Date
without any further action by any of the parties hereto. 
 Notwithstanding anything to the contrary, the Options, RSUs and
PRSUs held by Founder may not be amended or modified after the date hereof in a manner adverse to Founder without Founder’s express written consent. 
  

	 	(g)	 Starbucks agrees that Founder’s retirement from the position of Executive Chairman and as a member of the
Board on the Retirement Date will constitute a “separation from service” (within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”)) and Founder’s
level of service to Starbucks during the Advisory Period will be consistent with such position. 

4.    Indemnification. Starbucks acknowledges that Founder is entitled to the indemnification provided under
Starbucks’ articles of incorporation and bylaws. 

  
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 5.    License. Starbucks and Founder will cooperate in good
faith to enter into, as promptly as practicable following the date hereof, a customary or otherwise suitable mutually-agreed non-exclusive, royalty-free worldwide license to use in certain of his other
endeavors photographs, video footage and other still or moving images owned by Starbucks in which Founder’s likeness appears or relating to Founder’s biography (collectively, “archival material”), together with
Starbucks’ name, logo and other trademarks of Starbucks (e.g., the siren logo) to the extent incorporated into such archival material. The intent of such license will be to provide Founder as much flexibility as reasonably practicable to
use such archival material, while protecting the legitimate corporate interests of Starbucks. 
 6.    Press
Release. Except as otherwise required by applicable law, Starbucks and Founder agree that all press releases and other public announcements relating to Founder, Founder’s retirement from the position of Executive Chairman, Founder’s
role as Founder and Chairman Emeritus, Founder’s relationship with and provision of advisory services to Starbucks during the Advisory Period or this Agreement, in each case, will be limited to and consistent with the press release attached
hereto as Exhibit A, unless otherwise mutually agreed by the parties hereto. Starbucks and Founder acknowledge that the terms of this Agreement will be publicly disclosed in accordance with applicable securities laws. 

7.    Entire Agreement. This Agreement sets forth the entire understanding between Founder and Starbucks and
supersedes any prior agreements or understandings, express or implied, pertaining to the terms of Founder’s employment with Starbucks or the termination thereof; provided, however, that the parties hereto acknowledge that
additional agreements governing elements of Founder and Starbucks’ relationship following the Retirement Date may be entered into following the date hereof, which, if entered into, may be incorporated into this Agreement by reference. No
modification or waiver of this Agreement will be effective unless evidenced in a writing signed by both parties. This Agreement may be executed in one or more copies or counterparts and each such copy will constitute a duplicate original of this
Agreement. 
 8.    Governing Law. This Agreement will be governed by and construed exclusively in
accordance with the laws of the State of Washington without reference to its choice of law principles. Any disputes arising under this Agreement will be brought in a court of competent jurisdiction in King County, Washington or the federal courts of
the United States for the 9th Circuit. 
 [Signature page follows] 

  
 4 

									
	STARBUCKS CORPORATION	 		 	HOWARD SCHULTZ
				
	 By:
	 	 /s/ Myron E. Ullman, III
	 		 	 /s/ Howard Schultz

					
	 Its:
	 	 Lead Director
	 		 		 	
					
	 Dated:
	 	 June 1, 2018
	 		 	 Dated:
	 	 June 1, 2018

  
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 Exhibit A 

Press Release 

Iconic Leader and Visionary Entrepreneur Howard Schultz to Bid Farewell to Starbucks after Nearly 40 Years 

Schultz, who reimagined the Italian coffeehouse tradition in America and redefined the role and responsibility of a publicly-held company,
announces his departure as executive chairman of Starbucks 
 Schultz, who will be honored as chairman emeritus, tells over 2
million past and present partners (employees), “We did it together, by balancing profitability and social conscience” 

Schultz’s stewardship of the Starbucks brand and business delivers 21,000% price appreciation for shareholders since its 1992 Initial
Public Offering 
 Myron E. Ullman appointed as next chair of Starbucks Board of Directors; Mellody Hobson appointed vice chair

 SEATTLE (June 4, 2018) – Starbucks Corporation (NASDAQ: SBUX) today announced that Howard Schultz is stepping down as
executive chairman and member of the Board of Directors and will be honored with the title of chairman emeritus effective June 26, 2018.

During his four decades as ceo and chairman, Schultz grew Starbucks from 11 stores to more than 28,000 stores in 77 countries,
while demonstrating that a business can simultaneously deliver best-in-class financial performance and share success with its people and the communities it serves. 

Under Schultz’s leadership, Starbucks has delivered a 21,000% gain in the value of its stock price since its initial public offering in
1992. The company’s growth was fueled by his decisions to provide uncommon benefits for those who work for Starbucks, including comprehensive healthcare, stock ownership and free college tuition, even for those working part-time. 

“I set out to build a company that my father, a blue-collar worker and World War II veteran, never had a chance to work for,”
Schultz wrote in a letter addressed today to past and present Starbucks partners. “Together we’ve done that, and so much more, by balancing profitability and social conscience, compassion and rigor, and love and responsibility.” 

Schultz’s journey began in 1981, when he walked into the first Starbucks store, located in Seattle’s iconic Pike Place Market.
The following year, he moved with his wife, Sheri, from New York to assume the role of its director of operations and marketing. Schultz’s passion for the highest quality coffee heightened on a business trip to Italy, where he was
captivated by the sense of community, romance and theater found in Italian coffee bars. In the years following his return to Seattle, Schultz purchased Starbucks with the support of local investors and dedicated his career to bringing his vision of
a modern coffee house to life in America and around the world. 

 Schultz elevated the concept of Starbucks as the third
place between home and work: a comfortable, welcoming environment that provides uplifting experiences, community and human connection. 

Among his many accolades, Schultz has been named as one of The World’s Most Influential People by Time magazine as well as
Business Person of the Year by Fortune. Most recently, Schultz has received the Robert F. Kennedy Ripple of Hope Award and has been presented with the Atlantic Council’s Distinguished Business Leadership award and the NAACP LDF (Legal
Defense and Education Fund) National Equal Justice award.  
 This year, Starbucks was named the fifth most admired company in
the world by Fortune, marking the 16th year in a row that the company has appeared on the global list. Starbucks was also named one of the World’s Most Ethical Companies by the Ethisphere Institute for the 12th consecutive year and was ranked as one of 2018’s Most Innovative Companies by Fast Company, most notably for its social-impact work. 

On April 3, 2017, Schultz transitioned from ceo to executive chairman, shifting his full-time focus to the company’s
social impact initiatives as well as innovation and global development of the company’s premium Reserve brand, including Starbucks Reserve Roasteries, Reserve stores and the Company’s partnership with renowned artisanal Italian
bakery, Princi. Following his transition off the Starbucks board at the end of June, Schultz will oversee the opening of the Starbucks Reserve Roastery in Milan on Sept. 6 – marking the company’s long-awaited entry into Italy –
and the New York Roastery in late October. 
 Starbucks also announced today that its Board of
Directors has appointed Myron E. “Mike” Ullman as its new chair of the Board and Mellody Hobson as vice chair of the Board effective upon Schultz’s retirement.
Starbucks world-class, values-based board is comprised of accomplished leaders representing diversity and excellence in global technology, retail, consumer experience and other relevant skill sets.

“There are no words to fully express our gratitude to Howard for the extraordinary company he has built,”
said ceo and member of the Board of Directors Kevin Johnson. “He’s helped Starbucks earn the respect of millions around the world by always being true to a higher calling, and always being bold in creating a better
future. He’s taught all of us that it’s possible to be a very different kind of public company. That must, and will, continue on my watch.” 

In Schultz’s letter to partners, he thanked them for their collective efforts to build a different kind of company. “Because of your
creativity, your hard work, and the love that you have poured into the company, Starbucks today is widely embraced and respected. As I prepare to step away, I’d like to humbly remind you not to lose sight of what matters most: your fellow
partners and our customers.” 
 He also expressed deep confidence in the team that will continue to lead the company.
“Kevin Johnson is a true servant leader, and he will lead Starbucks as this great company enters its next journey. It’s our duty as leaders to constantly reimagine Starbucks. I am honored to call Kevin my friend and partner. And
Starbucks is fortunate to have him. This leadership team is extraordinarily capable. They, too, believe that Starbucks has a responsibility to use our scale for good.” 

Schultz is looking forward to spending more time with his family this summer. He is also writing a book about Starbucks social impact work and
the efforts to redefine the role and responsibility of a public company in an ever-changing society. 
 To the more than 330,000
partners who wear the green apron today, and the millions before them, Schultz will forever represent Starbucks mission to inspire and nurture the human spirit one person, one cup and one neighborhood at a time.

About Starbucks 
 Since 1971, Starbucks
Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 28,000 stores around the globe, the company is the premier roaster and retailer of specialty coffee in the world. Through our
unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup. To share in the experience, please visit us in our stores or online at news.starbucks.com
or www.starbucks.com.
 Forward Looking Statement 

Certain statements contained herein are “forward-looking statements” within the meaning of the applicable securities laws and
regulations. Generally, these statements can be identified by the use of words such as “anticipate,” “expect,” “believe,” “could,” “estimate,” “feel,” “forecast,”
“intend,” “may,” “plan,” “potential,” “project,” “should,” “will,” “would,” and similar expressions intended to identify forward-looking statements, although not all
forward-looking statements contain these identifying words. These statements are based upon information available to Starbucks as of the date hereof, and Starbucks actual results or performance could different materially from those stated or implied
due to risks and uncertainties associated with its business. These risks and uncertainties include, but are not limited to, fluctuations in U.S. and international economies and currencies, our ability to preserve, grow and leverage our brands,
potential negative effects of incidents involving food or beverage-borne illnesses, tampering, adulteration, contamination or mislabeling, potential negative effects of material breaches of our information technology systems to the extent we
experience a material breach, material failures of our information technology systems, costs associated with, and the successful execution of, the company’s initiatives and plans, the acceptance of the company’s products by our customers,
the impact of competition, coffee, dairy and other raw materials prices and availability, the effect of legal proceedings, and other risks detailed in the company filings with the Securities and Exchange Commission, including the “Risk
Factors” section of the Starbucks Annual Report on Form 10-K for the fiscal year ended October 1, 2017. The company assumes no obligation to update any of these forward-looking statements. 

Contacts 
 Media: 

Starbucks Corporation 

206-318-7100 
 press@starbucks.comewlu_ex101.htm

EXHIBIT 10.1
  
 SECURITIES PURCHASE AGREEMENT
  
 This Securities Purchase Agreement (this “Agreement”) is dated as of MAY 31, 2018 (the “Effective Date”) by and between Merion, Inc., a Nevada corporation (the “Company”) and Lie Zhi Cui (the “Purchaser”).
  
 RECITALS
  
 WHEREAS, subject to the terms and conditions set forth in this Agreement and pursuant to an exemption from the registration requirements of Section 5 of the Securities Act contained in Section 4(a)(2) thereof and/or Regulations D and S thereunder, the Company desires to issue and sell to the Purchaser, and the Purchaser desires to purchase from the Company, certain securities of the Company as more fully described in this Agreement.
  
 NOW, THEREFORE, IN CONSIDERATION of the mutual covenants contained in this Agreement, and for other good and valuable consideration the receipt and adequacy of which are hereby acknowledged, the Company and the Purchaser agree as follows:
  
 ARTICLE I. 
 DEFINITIONS
  
 1.1 Definitions. In addition to the terms defined elsewhere in this Agreement, the following terms have the meanings set forth in this Section 1.1:
  
 “Affiliate” means any Person that, directly or indirectly through one or more intermediaries, controls or is controlled by or is under common control with a Person as such terms are used in, and construed, under Rule 405 under the Securities Act.
  
 “Board of Directors” means the board of directors of the Company.
  
 “Business Day” means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or any day on which banking institutions in the State of New York are authorized or required by law or other governmental action to close.
  
 “Closing” means the closing of the purchase and sale of the Shares pursuant to Section 2.1.
  
 “Closing Date” means the day on which all of the Transaction Documents have been executed and delivered by the applicable parties thereto, and all conditions precedent to (i) the Purchaser’s obligations to pay the Subscription Amount and (ii) the Company’s obligations to deliver the Shares, in each case, have been satisfied or waived.
  
 “Commission” means the United States Securities and Exchange Commission.
  
 “Common Stock” means the common stock of the Company, par value $0.001 per share, and any other class of securities into which such securities may hereafter be reclassified or changed. 
  
  	 
	1
	 
 
	 

  
 “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.
  
 “Exchange Rules” shall mean the listing rules of The OTC Marketplace.
  
 “Liens” means a lien, charge, pledge, security interest, encumbrance, right of first refusal, preemptive right or other restriction.
  
 “Per Share Purchase Price” equals $0.9 per share of Common Stock, subject to adjustment for reverse and forward stock splits, stock combinations and other similar transactions of the Common Stock that may occur after the date of this Agreement.
  
 “Person” means an individual, corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited liability company, joint stock company, government (or an agency or subdivision thereof) or other entity of any kind.
  
 “Required Approvals” shall have the meaning ascribed to such term in Section 3.1(c).
  
 “Rule 144” means Rule 144 promulgated by the Commission pursuant to the Securities Act, as such Rule may be amended or interpreted from time to time, or any similar rule or regulation hereafter adopted by the Commission having substantially the same purpose and effect as such Rule. 
  
 “SEC Reports” shall have the meaning ascribed to such term in Section 3.1(f).
  
 “Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.
  
 “Securities Laws” means, collectively, the Sarbanes-Oxley Act of 2002, as amended (“Sarbanes-Oxley”), the Securities Act, the Exchange Act, the Rules and Regulations, the auditing principles, rules, standards and practices applicable to auditors of “issuers” (as defined in Sarbanes-Oxley) promulgated or approved by the Public Company Accounting Oversight Board, the Exchange Rules and applicable state securities laws and regulations. 
  
 “Shares” means an aggregate of 33,334 shares of Common Stock to be issued to the Purchaser pursuant to this Agreement (the “Shares”).
  
 “Short Sales” means all “short sales” as defined in Rule 200 of Regulation SHO under the Exchange Act (but shall not be deemed to include the location and/or reservation of borrowable shares of Common Stock).
  
 “Subscription Amount” means, an aggregate amount of $30,000 to be paid for Shares purchased by the Purchaser in United States dollars and in immediately available funds.
  
 “Subsidiary” means any subsidiary of the Company and shall, where applicable, also include any direct or indirect subsidiary of the Company formed or acquired after the date hereof.
  
 “Trading Day” means a day on which the principal Trading Market is open for trading.
  
  	 
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 “Trading Market” means any of the following markets or exchanges on which the Common Stock is listed or quoted for trading on the date in question: the OTCQB or the OTC Pink Open Market (or any successors to any of the foregoing).
  
 “Transaction Documents” means this Agreement, and any other documents or agreements executed between the Company and the Purchaser in connection with the transactions contemplated hereunder.
  
 “Transfer Agent” means Worldwide Stock Transfer, LLC, the current transfer agent of the Company, with a mailing address of One University Plaza, Suite 505, Hackensack, NJ 07601, and any successor transfer agent of the Company.
  
 ARTICLE II. 
PURCHASE AND SALE
  
 2.1 Closing. On the Closing Date, upon the terms and subject to the conditions set forth herein, the Company agrees to sell, and the Purchaser agrees to purchase, up to an aggregate of 33,334 shares. Upon receiving the Purchaser’s Subscription Amount on the Closing Date and the delivery by the Purchaser of the other items set forth in Section 2.2 deliverable at the Closing, the Company shall deliver the Shares to the Purchaser as determined pursuant to Section 2.2(a). 
  
 2.2 Deliveries.
  
 (a) On or prior to the Closing Date, the Company shall deliver or cause to be delivered to the Purchaser each of the following:
  
 (i) this Agreement duly executed by the Company;
  
 (ii) subject to the last sentence of Section 2.1, a copy of the irrevocable instructions to the Transfer Agent instructing the Transfer Agent to deliver the Shares equal to the Purchaser’s Subscription Amount divided by the Per Share Purchase Price, in the name of the Purchaser.
  
 (b) On or prior to the Closing Date, the Purchaser shall deliver or cause to be delivered to the Company, as applicable, the following:
  
 (i) this Agreement duly executed by the Purchaser; and
  
 (ii) the Purchaser’s Subscription Amount by wire transfer to the bank account directed by the Company.
  
 2.3 Closing Conditions.
  
 (a) The obligations of the Company hereunder in connection with the Closing are subject to the following conditions being met:
  
 (i) the accuracy when made and on the Closing Date of the representations and warranties of the Purchaser contained herein (unless as of a specific date therein in which case they shall be accurate as of such date); 
  
 (ii) all obligations, covenants and agreements of the Purchaser required to be performed at or prior to the Closing Date shall have been performed; and
  
 (iii) the delivery by the Purchaser of the items set forth in Section 2.2(b) of this Agreement on or prior to the Closing Date.
  
  	 
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 (b) The obligations of the Purchaser hereunder in connection with the Closing are subject to the following conditions being met:
  
 (i) the accuracy when made and on the Closing Date of the representations and warranties of the Company contained herein (unless as of a specific date therein in which case they will be accurate as of such date); 
  
 (ii) all obligations, covenants and agreements of the Company required to be performed at or prior to the Closing Date shall have been performed; 
  
 (iii) the delivery by the Company of the items set forth in Section 2.2(a) of this Agreement on or prior to the Closing Date; and
  
 (iv) there shall have been no material adverse effect with respect to the Company since the date hereof.
  
 ARTICLE III. 
REPRESENTATIONS AND WARRANTIES
  
 3.1 Representations and Warranties of the Company. Except as indicated in the SEC Reports, the Company hereby represents and warrants to the Purchaser as of the date of this Agreement and as of the Closing Date as follows:
  
 (a) Organization and Qualification. The Company and each of the Subsidiaries, if any, is an entity duly incorporated or otherwise organized and validly existing under the laws of each jurisdiction in which it owns or leases properties or conducts any business so as to require such qualification, with the requisite power and authority to own and use its properties and assets and to carry on its business as currently conducted. 
  
 (b) Authorization; Enforcement. The Company has the requisite corporate power and authority to enter into and to consummate the transactions contemplated by this Agreement and each of the other Transaction Documents and otherwise to carry out its obligations hereunder and thereunder. The execution and delivery of this Agreement and each of the other Transaction Documents by the Company and the consummation by it of the transactions contemplated hereby and thereby have been duly authorized by all necessary action on the part of the Company and no further action is required by the Company, the Board of Directors or the Company’s stockholders in connection herewith or therewith other than in connection with the Required Approvals (as defined below).
  
 (c) Filings, Consents and Approvals. 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 governmental authority or 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 the Transaction Documents or the offer, issue and sale of the Shares, other than: (i) the disclosure filing required for this Agreement, (ii) such filings as are required to be made under applicable state securities laws, and (iii) such consents, waivers and authorizations that shall be obtained prior to the Closing (collectively, the “Required Approvals”).
  
  	 
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 (d) Authorization of the Shares. The Shares to be sold by the Company and their issue and sale are duly authorized and, when issued and paid for in accordance with the applicable Transaction Documents, will be duly and validly issued, fully paid and free and clear of all Liens imposed by the Company.
  
 (e) Capitalization. Except as may be described in the SEC Reports, all of the issued share capital of the Company has been duly and validly authorized and issued, is fully paid and non-assessable. 
  
 (f) SEC Reports. The Company has filed all reports, schedules, forms, statements and other documents required to be filed by the Company under the Securities Act and the Exchange Act, including pursuant to Section 13(a) or 15(d) thereof, for the two years preceding the date hereof (or such shorter period as the Company was required by law or regulation to file such material) (the foregoing materials, including the exhibits thereto, documents incorporated by reference therein, being collectively referred to herein as the “SEC Reports”). 
  
 (g) Investment Company. The Company is not, and is not an Affiliate of, and immediately after receipt of payment for the Shares, will not be or be an Affiliate of, an “investment company” within the meaning of the Investment Company Act of 1940, as amended. 
  
 3.2 Representations and Warranties of the Purchaser. The Purchaser hereby represents and warrants as of the date hereof and as of the Closing Date to the Company as follows (unless as made of a specific date stated therein, in which case they shall be accurate as of such date):
  
 (a) Organization; Authority. The Purchaser is either an individual or an entity duly incorporated or formed, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation with full right, corporate, partnership, limited liability company or similar power and authority to enter into and to consummate the transactions contemplated by the Transaction Documents and otherwise to carry out its obligations hereunder and thereunder. The execution and delivery of the Transaction Documents and performance by the Purchaser of the transactions contemplated by the Transaction Documents have been duly authorized by all necessary corporate, partnership, limited liability company or similar action, as applicable, on the part of the Purchaser. Each Transaction Document to which it is a party has been duly executed by the Purchaser, and when delivered by the Purchaser in accordance with the terms hereof, will constitute the valid and legally binding obligation of the Purchaser, enforceable against it in accordance with its terms.
  
 (b) Understandings or Arrangements. The Purchaser is acquiring the Shares for its own account and has no direct or indirect arrangement or understandings with any other persons to distribute or regarding the distribution of the Shares (this representation and warranty not limiting the Purchaser’s right to sell the Shares in compliance with applicable federal and state securities laws). The Purchaser is acquiring the Shares as principal, not as nominee or agent, and not with a view to or for distributing or reselling the Shares or any part thereof in violation of the Securities Act or any applicable state securities law.
  
  	 
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 (c) Foreign Investors. The Purchaser hereby represents that it has satisfied itself as to the full observance by the Purchaser of the laws of its jurisdiction applicable to the Purchaser in connection with the purchase of the Shares or the execution and delivery by the Purchaser of this Agreement and the Transaction Documents, including (i) the legal requirements within its jurisdiction for the purchase of the Shares, (ii) any foreign exchange restrictions applicable to the purchase, (iii) any governmental or other consents that may need to be obtained, and (iv) the income tax and other tax consequences, if any, that may be relevant to the Purchaser’s purchase, holding, redemption, sale, or transfer of the Shares. The Purchaser’s subscription and payment for, and continued beneficial ownership of, the Shares will not violate any securities or other laws of the Purchaser’s jurisdiction applicable to the Purchaser.
  
 (d) Experience of Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Shares, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Shares and, at the present time, is able to afford a complete loss of such investment.
  
 (e) Access to Information. The Purchaser acknowledges that it has had the opportunity to review the Transaction Documents and the SEC Reports and has been afforded (i) the opportunity to ask such questions as it has deemed necessary of, and to receive answers from, representatives of the Company concerning the terms and conditions of the offering of the Shares and the merits and risks of investing in the Shares; (ii) access to information about the Company and its financial condition, results of operations, business, properties, management and prospects sufficient to enable it to evaluate its investment; and (iii) the opportunity to obtain such additional information that the Company possesses or can acquire without unreasonable effort or expense that is necessary to make an informed investment decision with respect to the investment. 
  
 (f) Regulation S. The Purchaser is a non-U.S. person (as such term is defined in Rule 902 of Regulation S under the Securities Act) and is not acquiring the Shares for the account or benefit of a U.S. person. The Purchaser will not, within six (6) months of the date of the transfer of the Shares to the Purchaser, (i) make any offers or sales of the Shares in the United States or to, or for the benefit of, a U.S. person (in each case, as defined in Regulation S) other than in accordance with Regulation S or another exemption from the registration requirements of the Securities Act, or (ii) engage in hedging transactions with regard to the Shares unless in compliance with the Securities Act. Neither the Purchaser nor any of the Purchaser’s Affiliates or any person acting on his/her or their behalf has engaged or will engage in directed selling efforts (within the meaning of Regulation S) with respect to the Shares, and all such persons have complied and will comply with the offering restriction requirements of Regulation S in connection with the offering of the Shares outside of the United States. 
  
  	 
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 (g) Certain Transactions and Confidentiality. Other than consummating the transactions contemplated hereunder, the Purchaser has not, nor has any Person acting on behalf of or pursuant to any understanding with the Purchaser, directly or indirectly executed any purchases or sales, including Short Sales, of the securities of the Company during the period commencing as of the time that the Purchaser first discussed the transaction with the Company or any other Person representing the Company setting forth the material terms of the transactions contemplated hereunder and ending on the date when this Agreement is publicly disclosed by the Company. The Purchaser has maintained the confidentiality of all disclosures made to it in connection with this transaction (including the existence and terms of this transaction).
  
 (h) Purchaser Status. At the time the Purchaser was offered the Shares, it was, and as of the date hereof it is, an “accredited investor” as defined in Rule 501(a) under the Securities Act.
  
 (i) No Registration. The Purchaser understands that the Shares have not been, and will not be, registered under the Securities Act or applicable securities laws of any state or country and therefore the Shares cannot be sold, pledged, assigned or otherwise disposed of unless they are subsequently registered under the Securities Act and applicable state securities laws or exemptions from such registration requirements are available. The Company shall be under no obligation to register the Shares under the Securities Act and applicable state securities laws, and any such registration shall be in the Company’s sole discretion.
  
 (j) No General Solicitation. The Purchaser is not purchasing the Shares as a result of any advertisement, article, notice or other communication regarding the Shares published in any newspaper, magazine or similar media or broadcast over television or radio or presented at any seminar or any other general solicitation or general advertisement.
  
 ARTICLE IV. 
OTHER AGREEMENTS OF THE PARTIES
  
 4.1 Reservation of Securities. As of the date hereof, the Company has reserved and the Company shall continue to reserve and keep available at all times, free of preemptive rights, a sufficient number of shares of Common Stock for issuance pursuant to the Transaction Documents in such amount as may then be required to fulfill its obligations in full under the Transaction Documents. 
  
 4.2 Certain Transactions and Confidentiality. The Purchaser covenants that neither it nor any Affiliate acting on its behalf or pursuant to any understanding with it will execute any purchases or sales, including Short Sales of any of the Company’s securities during the period commencing with the execution of this Agreement and ending on the date when this Agreement is publicly disclosed by the Company. The Purchaser also covenants that until such time as the transactions contemplated by this Agreement are publicly disclosed by the Company, the Purchaser will maintain the confidentiality of the existence and terms of this transaction. 
  
  	 
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 4.3 Legends. The Shares may only be disposed of in compliance with state and federal securities laws. In connection with any transfer of Shares other than pursuant to an effective registration statement or Rule 144, to the Company or to an Affiliate of the Purchaser or in connection with a pledge as contemplated in this Section 4.3, the Company may require the transferor thereof to provide to the Company an opinion of counsel selected by the transferor and reasonably acceptable to the Company, the form and substance of which opinion shall be reasonably satisfactory to the Company, to the effect that such transfer does not require registration of such transferred Shares under the Securities Act. The Purchaser agrees to the imprinting, so long as is required by this Section 4.3, of a legend on all of the certificates evidencing the Shares in the following form:
  
  	  
	 THIS SECURITY HAS NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS.
	  

  
 ARTICLE V.
MISCELLANEOUS
  
 5.1 Termination. This Agreement may be terminated by the Company or the Purchaser by written notice to the other party if the Closing has not been consummated on or before JUNE 30, 2018; provided, however, that no such termination will affect the right of any party to sue for any breach by any other party (or parties).
  
 5.2 Fees and Expenses. Except as expressly set forth in the Transaction Documents to the contrary, each party shall pay the fees and expenses of its advisers, counsel, accountants and other experts, if any, and all other expenses incurred by such party incident to the negotiation, preparation, execution, delivery and performance of this Agreement. 
  
 5.3 Entire Agreement. The Transaction Documents contain the entire understanding of the parties with respect to the subject matter hereof and thereof and supersede all prior agreements and understandings, oral or written, with respect to such matters, which the parties acknowledge have been merged into such documents, exhibits and schedules.
  
 5.4 Notices. Any and all notices or other communications or deliveries required or permitted to be provided hereunder shall be in writing and shall be deemed given and effective on the earliest of: (a) the date of transmission, if such notice or communication is delivered via facsimile at or prior to 5:30 p.m. (New York City time) on a Trading Day, (b) the next Trading Day after the date of transmission, if such notice or communication is delivered via facsimile on a day that is not a Trading Day or later than 5:30 p.m. (New York City time) on any Trading Day, (c) the second (2nd) Trading Day following the date of mailing, if sent by U.S. nationally recognized overnight courier service or (d) upon actual receipt by the party to whom such notice is required to be given. The address for such notices and communications shall be as set forth on the signature pages attached hereto.
  
  	 
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 5.5 Amendments; Waivers. No provision of this Agreement may be waived, modified, supplemented or amended except in a written instrument signed, in the case of an amendment, by the Company and the Purchaser, in the case of a waiver, by the party against whom enforcement of any such waived provision 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 any party to exercise any right hereunder in any manner impair the exercise of any such right.
  
 5.6 Headings. The headings herein are for convenience only, do not constitute a part of this Agreement and shall not be deemed to limit or affect any of the provisions hereof.
  
 5.7 Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their successors and permitted assigns. No party hereto may assign this Agreement or any rights or obligations hereunder without the prior written consent of the Company and the Purchaser. 
  
 5.8 No Third-Party Beneficiaries. This Agreement is intended for the benefit of the parties hereto and their respective successors and permitted assigns and is not for the benefit of, nor may any provision hereof be enforced by, any other Person, except as otherwise set forth in this Section 5.8.
  
 5.9 Governing Law. All questions concerning the construction, validity, enforcement and interpretation of the Transaction Documents shall be governed by and construed and enforced in accordance with the internal laws of the State of Nevada, without regard to the principles of conflicts of law thereof. Each party agrees that all legal proceedings concerning the interpretations, enforcement and defense of the transactions contemplated by this Agreement and any other Transaction Documents (whether brought against a party hereto or its respective affiliates, directors, officers, shareholders, partners, members, employees or agents) shall be commenced exclusively in the state and federal courts sitting in the Clark County, Nevada. Each party hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts sitting in Clark County, Nevada, for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated hereby or discussed herein (including with respect to the enforcement of any of the Transaction Documents), and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of any such court, that such suit, action or proceeding is improper or is an inconvenient venue for such proceeding. Each party hereby irrevocably waives personal service of process and consents to process being served in any such suit, action or proceeding by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery) to such party at the address in effect for notices to it under this Agreement and agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any other manner permitted by law. 
  
 5.10 Survival. The representations and warranties contained herein shall survive the Closing and the delivery of the Shares. The terms of this Article V shall survive any termination of the Agreement pursuant to Section 5.1. 
  
  	 
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 5.11 Execution. This Agreement may be executed in two or more counterparts, all of which when taken together shall be considered one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to each other party, it being understood that the parties need not sign the same counterpart. In the event that any signature is delivered by facsimile transmission or by e-mail delivery of a “.pdf” format data file, such signature shall create a valid and binding obligation of the party executing (or on whose behalf such signature is executed) with the same force and effect as if such facsimile or “.pdf” signature page were an original thereof.
  
 5.12 Severability. If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction to be invalid, illegal, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions set forth herein shall remain in full force and effect and shall in no way be affected, impaired or invalidated, and the parties hereto shall use their commercially reasonable efforts to find and employ an alternative means to achieve the same or substantially the same result as that contemplated by such term, provision, covenant or restriction. It is hereby stipulated and declared to be the intention of the parties that they would have executed the remaining terms, provisions, covenants and restrictions without including any of such that may be hereafter declared invalid, illegal, void or unenforceable.
  
 5.13 Saturdays, Sundays, Holidays, etc. If the last or appointed day for the taking of any action or the expiration of any right required or granted herein shall not be a Business Day, then such action may be taken or such right may be exercised on the next succeeding Business Day.
  
 5.14 Construction. The parties agree that each of them and/or their respective counsel have reviewed and had an opportunity to revise the Transaction Documents and, therefore, the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall not be employed in the interpretation of the Transaction Documents or any amendments thereto. In addition, each and every reference to share prices and shares of Common Stock in any Transaction Document shall be subject to adjustment for reverse and forward stock splits, stock combinations and other similar transactions of the Common Stock that occur after the date of this Agreement. The English version of this Agreement, regardless of whether a translation in any other language is or will be made, shall be the only authentic version.
  
 5.15 WAIVER OF JURY TRIAL. IN ANY ACTION, SUIT, OR PROCEEDING IN ANY JURISDICTION BROUGHT BY ANY PARTY AGAINST ANY OTHER PARTY, THE PARTIES EACH KNOWINGLY AND INTENTIONALLY, TO THE GREATEST EXTENT PERMITTED BY APPLICABLE LAW, HEREBY ABSOLUTELY, UNCONDITIONALLY, IRREVOCABLY AND EXPRESSLY WAIVES FOREVER TRIAL BY JURY. 
  
 (Signature Pages Follow)
  
  	 
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 IN WITNESS WHEREOF, the parties hereto have caused this Securities Purchase Agreement to be duly executed by their respective authorized signatories as of the date first indicated above. 
  
  	COMPANY  
 MERION, INC.
	
	 	 	 
	By:	/s/ Ding Hua Wang	
	 Name:
	DING HUA WANG	 
	Title:	Chief Executive Officer	 

   
 Address for Notice:
 9550 Flair Dr, Suite 302
  
 El Monte CA 91731
  
 Fax: 626-448-2163
  
 Email: info@merionus.com
  
  
  	 PURCHASER
	
	 	 	 
	By:	/s/ Cui, Liezhi	
	 Name:
	CUI, LIEZHI	 
	Address:		 
	 	 	 
	 Tel: 
	  
	  

	  
	  
	  

	 Fax:
	  
	  

	  
	  
	  

	 Email: 
	  
	  

  
  
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