Exhibit 10.1
[Investor] and KBS Fashion Group Ltd.
[Investor]和KBS时尚集团有限公司
Binding Memorandum of Understanding
February 26, 2021
具有约束力的备忘录草案
February 26, 2021
This Summary of Terms and Provisions sets forth the principal terms of a transaction relating to the private financing of USD1,500,000 lead by [Investor] (“Investors”) to KBS Fashion Group Ltd (“KBSF”).
本条款和规定摘要列出领投[Investor] KBS时装集团有限公司(“KBSF”)私募融资USD1,500,000的主要条款。
Overview
概述 | Investors shall purchase up 100,000 of the preferred shares of KBSF at a price of USD15 per shares for an aggregate amount of USD 1,500,000.
投资者按每股USD15.00认购KBSF公司100,000优先股票, 总金额为USD1,500,000。 Each preferred share has a conversion right of 15:1 to KBSF common stock. 每优先股可转换为15股KBSF公司的股票。 Each conversion shall not exceed 9.99% of the outstanding shares of KBSF. 每次转股不超过KBSF公司9.99%的总股数。 All common shares are subject to 2 year lock up from the closing of the financing. 普通股有交易交割起两年锁定期。 |
Structure
结构 | To be confirmed.
待确认。 |
Conditions to Closing
交易关闭条件 |
● Completion and satisfaction of due diligence of both parties. ● 完成和接受双方尽职调查情况。 ● Obtaining of all requisite third party consents, creditor and lien holder consents and other necessary consents. ● 获得所有必要的第三方同意,债权人和留置权持有人同意和其他必要同意。 ● KBSF Shareholder approval having been obtained, and if necessary, NASDAQ approval. ● 已获得KBSF股东批准,如有必要,纳斯达克批准。 ● All necessary consents of KBSF boards. ● 获得所有KBSF的董事会同意。
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Term
期限 | This MOU shall have a term of 1 year.
本备忘录有效期为1年 |
Confidentiality 保密 | Neither Party shall disclosed content of this MOU without prior authority of the non-disclosing party.
未经非披露方事先授权,任何一方不得披露本MOU备忘录的内容。 |
Language 文本语言 | This MOU is made in Chinese and English language. In case of any discrepancy, the Chinese language shall prevail.
该谅解备忘录以中文和英文写成。 如有歧义,应以中文为准。 |
[Investor] | ||
By: | ||
KBS Fashion Group Ltd. | ||
KBS时尚集团有限公司 | ||
By: |