Document:

Exhibit 4.26

 

(English Translation)

 

Three-Party Debt Service Agreement

 

Party A: Daqo Group Co., Ltd. (hereinafter “Party
A”)

 

Party B: Xinjiang Daqo New Energy Co., Ltd. (hereinafter
“Party B”)

 

Party C: Xinjiang Daqo Investment Co., Ltd. (hereinafter
“Party C”)

 

Date:

 

Whereas, Party A has lent RMB 47,256,274.89 in total to Party
C from the year 2011 to the year 2018, and as of October 31, 2018, upon verification of the statements by the parties, it is concluded
that Party C still owes RMB 47,256,274.89 to Party A.

 

Upon amicable negotiation, Party A, Party B and Party C agree
as follows with respect to the amount of RMB 47,256,274.89 owed by Party C to Party A:

 

1. Party B agrees to repay the debt of RMB 47,256,274.89 to
Party A for Party C;

 

2. The debt of RMB 47,256,274.89 between Party A and Party C
will be discharged;

 

3. Party A owns a claim of RMB 47,256,274.89 against Party B,
and Party B owns a claim of RMB 47,256,274.89 against Party C;

 

4. This Agreement shall take effect upon signature and seal
by Party A, Party B and Party C. If any dispute arises during performance of this Agreement, the three parties shall try to solve
the dispute through amicable negotiation, failing which either Party may submit the dispute to the Shihezi Branch of Karamay Arbitration
Commission for arbitration, and the arbitral award shall be final and conclusive;

 

5. This Agreement is made in triplicate, with each party holding
one copy.

 

Party A: Daqo Group Co., Ltd.

 

(Company seal of Daqo Group Co., Ltd.)

 

Party B: Xinjiang Daqo New Energy Co., Ltd.

 

(Company seal of Xinjiang Daqo New Energy
Co., Ltd.)

 

Party C: Xinjiang Daqo Investment Co., Ltd.

 

(Company seal of Xinjiang Daqo Investment
Co., Ltd.)Exhibit 4.28

(Summary Translation)

 

Loan Agreement with Xinjiang Shihezi Rural Cooperative Bank,
Ruoqiang County Rural Credit Cooperative Association, Wushi County Rural Credit Cooperative Association, Turpan City Rural Credit
Cooperative Association, and Kuche County Rural Credit Cooperative Association

 

	Date of the Agreement	
        November 1, 2018 

	 	 
	Lender (Party A)	
        Xinjiang Shihezi Rural Cooperative Bank

        Ruoqiang County Rural Credit Cooperative Association

        Wushi County Rural Credit Cooperative Association

        Turpan City Rural Credit Cooperative Association

        Kuche County Rural Credit Cooperative Association 

	 	 
	Borrower (Party B)	
        Xinjiang Daqo New Energy Co., Ltd. 

	 	 
	Use of loan	
        Payment for project funds and equipment costs 

	 	 
	Amount	
        RMB120 million 

	 	 
	Term of loan	
        36 months  

	 	 
	Interest rate	
        Fixed rate at 5.145833 ‰ per month 

	 	 
	Penalty rate	
        In the event that Party B does not repay the loan in accordance
        with the Agreement, the penalty rate shall be 50% over the interest rate

         

        In the event that Party B does not apply the loan in
accordance with the Agreement, the penalty rate shall be 100% over the interest rate 

	 	 
	Repayment of interest	
        Interest shall be paid monthly at the 21st
of each month 

	 	 
	Repayment of principal	
        Principal shall be repaid in full by the maturity date
of the loan 

	 	 
	Collateral 	
        Secured by the land and machinery of Xinjiang Daqo
New Energy Co., Ltd. 

	 	 
	Party A’s rights and obligations	
        (1) Party A has the right to require Party B to provide all
        materials relevant to the loan;

         

        (2) Party A has the right to deduct any amount due under the
        Agreement from the balance of Party B’s account;

         

        (3) In the event of Party B’s evasion of supervision,
        delay in repayment of principal and interest or other serious defaults, Party A has the right to report to the relevant authorities
        and disclose Party B’s defaults to the public;

         

        (4) Party A has the obligation to fund the loan in accordance
        with the Agreement;

         

        (5) Party A shall keep information regarding Party B’s
        liabilities, financial condition and operations confidential unless otherwise agreed in the Agreement or otherwise stipulated by
        the laws and regulations; 

 

    	 	 

     

    

 

	Party B’s rights and obligations	
        (1) Party B has the right to use the loan proceeds in accordance
        with the Agreement;

         

        (2) Party B shall repay the principal and interest when due
        and payable;

         

        (3) Party B shall provide information about its financial conditions
        and results of business operations to Party A, including its balance sheets and profit and loss statements, and ensure the legality,
        truthfulness, completeness, accuracy and effectiveness of such information;

         

        (4) Party B shall notify Party A in writing within five days
        following any suspension of business, termination, closure, suspension or cancellation of operating licenses, and repay the principal
        and interest immediately;

         

        (5) Party B shall notify Party A in at least 30 days advance
        and obtain a written consent from Party A in respect of contracting and leasing, restructuring, merger, acquisition, spinoff, decrease
        of share capital, share transfer, asset transfer and other actions that will affect the interest of Party A;

         

        (6) Party B shall notify Party A in writing within seven days
        following any change to the registration of certain matters, including but not limited to Party B’s legal address, correspondence
        address, scope of operations and legal representative.

	 	 
	Breach	
        (1) In the event that Party B fails to draw down the loan in
        accordance with the agreement, Party A is entitled to charge penalty at the contractual interest rate;

         

        (2) In the event that Party B fails to repay the loan in accordance
        with the Agreement, Party A is entitled to require Party B to repay such principal and interest within a specified period of time,
        and may offset such principal and interest from the balance in all accounts of Party B opened with Party A, and charge 50% over
        the interest rate;

         

        (3) In the event that Party B fails to apply the loan in accordance
        with the Agreement, Party A is entitled to require Party B to repay part or all of the loan in advance or terminate this Agreement,
        and charge 100% over the interest rate;

         

        (4) In the event that Party A deems that its rights may be jeopardized
        upon the occurrence of a cancellation, refusal to supervision, takeover, receivership, contracting and leasing, restructuring,
        decrease of share capital, investment, joint venture, merger, acquisition, spinoff, share transfer, material asset transfer, and
        material difficulty or deterioration in financial condition, Party A is entitled to require Party B to correct its breach and take
        remedy measures within three days following the notice of Party A. Otherwise, Party A has the right to cancel the line of credit
        and require Party B to accelerate the repayment of the principal and interests in whole or part;

         

        (5) In the event that Party B delays the payment of the interest
        exceeding two months, Party A is entitled to declare the principal and interest of the loan are due immediately and charge penalty
        on all the outstanding amount.

 

    	2Exhibit 4.29

 

(Summary Translation)

 

Mortgage Contract for the Cooperatives
Loan Agreement

 

Led by Xinjiang Shihezi Rural
Cooperative Bank

 

	Mortgagees (Full Name):	1.	Xinjiang
                                         Shihezi Rural Cooperative Bank

 

		2.	Ruoqiang County Rural Credit Cooperative Association

 

		3.	Wushi County Rural Credit Cooperative Association

 

		4.	Turpan City Rural Credit Cooperative Association

 

		5.	Kuche County Rural Credit Cooperative Association

 

Borrower (Full Name): Xinjiang Daqo New Energy Co., Ltd.

 

Mortgagor (Full Name):  Xinjiang Daqo New Energy Co.,
Ltd.

 

Pursuant to the Contract Law of the People’s Republic
of China and the Guarantee Law of the People’s Republic of China and other applicable regulations, as well as relevant provisions
of the Loan Agreement Led by Xinjiang Shihezi Rural Cooperative Bank, the parties hereto agree as follows upon negotiation:

 

Article 1 The mortgagees shall provide a loan in the
total amount of RMB120,000,000.00 to the borrower at a monthly interest rate of 5.145833‰. The specific loan amount provided
by each mortgagee is as follows:

 

	
         Mortgagee
	Amount of Loan 
	 	 
	Xinjiang Shihezi Rural Cooperative Bank	RMB30,000,000.00
	 	 
	Ruoqiang County Rural Credit Cooperative Association	RMB30,000,000.00
	 	 
	Wushi County Rural Credit Cooperative Association	RMB30,000,000.00
	 	 
	Turpan City Rural Credit Cooperative Association	RMB10,000,000.00
	 	 
	Kuche County Rural Credit Cooperative Association	RMB20,000,000.00

 

Article 2 The term of the loan provided by the mortgagees
to the borrower shall be 36 months, subject to the duration set forth in the loan receipt. During the term of the loan, the actual
drawdown date and repayment date of the loan are subject to those set forth on the loan receipts or relevant claim vouchers of
the master agreement.

 

Article 3 The mortgagor is willing to provide the collateral
as security for repayment of the loan by the borrower to the mortgagees.

 

Name of collateral: land and machinery

 

The final value of the above collateral shall be subject to
the net proceeds from the actual disposal of such collateral when realizing the mortgage right.

 

Article 4 The scope of mortgage loan provided by the
mortgagor covers all the loan principal, interest, penalty interest, compound interest, liquidated damages, damages incurred by
the borrower and payable to the mortgagees based on the loan agreement, as well as the litigation costs, attorney’s fees,
collateral disposal fees, transfer and registration fees and all other fees for realizing creditor’s rights incurred by the
mortgagees.

 

    	 	 

     

    

 

Article 5 The term of the mortgage shall be from the
date of effectiveness of the mortgage to the full discharge of all the debts secured by the mortgage.

 

Article 6 Insurance coverage of the collateral: the mortgagor
shall procure the relevant insurances for the collateral as per requirements of the mortgagees, and list the mortgagees as the
first beneficiary of such insurances, and deliver the original insurance policies for such collateral to the mortgagees for custody.

 

During the term of this Contract, the mortgagor shall not suspend
or revoke the insurances for any reason. If the insurances are suspended, the mortgagees may procure the insurances on behalf of
the mortgagor. All costs of such insurances shall be borne by the mortgagor (borrower), and the mortgagees have right to directly
transfer such costs from any account of the mortgagor (borrower).

 

In case of occurrence of any incident covered by the insurance
to the collateral, the insurance compensation shall be first used to repay the debts and relevant fees under the loan agreement.

 

Article 7 Where the borrower fails to perform its obligation
of repayment upon expiry of the loan, which causes collateral of the mortgagor to be seized by the competent PRC people’s
court, from the date of seizure, the mortgagees shall notify the fact of such seizure to the obligor to pay the legal fruits, and
from the date of seizure the mortgagees have right to receive the natural fruits and legal fruits separated from the collateral.
Such fruits received by the mortgagees shall first be used to pay the expenses for collecting the fruits, and the rest may be used
to pay the loan principal and interest.

 

Article 8 During the term of mortgage, where acts of
the mortgagor (borrower) are likely to cause the value of the collateral to decline, the mortgagees shall be entitled to demand
that the mortgagor (borrower) cease and desist from such acts and restore value of the collateral, or provide additional security
corresponding to the reduced value as recognized by the mortgagees; if the mortgagor (borrower) refuses to restore value of the
collateral and also refuses to provide additional security, the mortgagees may deem that the mortgagor (borrower) is in breach
of this Contract, and may terminate this Contract, file a lawsuit with the court, and apply to the court to seize the collateral
according to law.

 

Article 9 During the term of mortgage, without written
consent of the mortgagees, the mortgagor shall not give as gift, transfer, sell, lease, re-mortgage or otherwise dispose of the
collateral. Without notice to the mortgagees and without written consent of the mortgagees or without notifying all concerned parties
of all information about the collateral, such gift, transfer, sale, lease, re-mortgage or other disposal of the collateral by the
mortgagor shall be null and void.

 

In case that the proceeds from the transfer of the collateral
is obviously lower than its value, the mortgagees may require the mortgagor (borrower) to provide additional security; where the
mortgagor (borrower) fails to provide such security, it shall not transfer the collateral; and if the mortgagees allow the mortgagor
to transfer the collateral, the proceeds from transfer of the collateral shall be used by the mortgagor (borrower) to prepay the
loan principal and interest to the mortgagees, and the excess shall be owned by the mortgagor, and the shortage shall be made up
by the mortgagor (borrower).

 

Article 10 During the mortgage, if the mortgagor (borrower)
undergoes a split-off or merger, and the resulting entities shall assume or severally assume the obligations hereunder. If the
mortgagor (borrower) is declared to be revoked or dissolved, the mortgagees may terminate this Contract, file a lawsuit to the
court and apply to seize the collateral.

 

Article 11 During the term of mortgage, if the mortgagees
and the mortgagor agree to extend the term of the loan upon negotiation, and the collateral is provided by a third party, the mortgage
liability of the mortgagor shall not be exempted whether it is aware of such extension or not.

 

Article 12 This Contract shall be terminated automatically
after the borrower has repaid the loan principal and interest pursuant to the loan agreement or has prepaid the loan principal
and interest upon consent of the mortgagees.

 

    	 	2	 

     

    

 

Article 13 Where the borrower fails to perform its obligation
of repayment, the mortgagees may agree with the mortgagor (borrower) to convert the collateral into money to repay, or use proceeds
from auction or sale of such collateral to repay, the loan principal and interest, and if the mortgagees and the mortgagor (borrower)
cannot reach an agreement on this, the mortgagees may file a lawsuit to the competent PRC people’s court.

 

Article 14 During the term of mortgage, irrespective
of the effectiveness of the loan agreement, the validity of the mortgage contract shall not be affected and the mortgage contract
shall continue having legal effect, and the mortgagor shall bear the mortgage liability to the mortgagees.

 

Article 15 After signing the mortgage contract and relevant
mortgage supplemental agreement, the parties thereto shall go through the collateral registration procedures according to law,
and the mortgage contract and relevant mortgage supplemental agreement shall take effect from the date of registration of the collateral.

 

Article 16 Reminder

 

The mortgagees have reminded the mortgagor and the borrower
to have a comprehensive and accurate understanding of the provisions of this Contract, and have made relevant explanations about
certain provisions as per requirements of the mortgagor and the borrower. All the parties hereto have reached consensus about meaning
and understanding of this Contract.

 

Article 17 Covenant

 

All the mortgagees have entrusted Xinjiang Shihezi Rural Cooperative
Bank to go through the relevant mortgage registration procedures hereunder.

 

Article 18 This mortgage contract is made in nine (9)
originals, with each party holding one original, and one original kept at the mortgage registration authority for record and filing,
and one original submitted to the local banking regulation bureau and one original to Xinjiang Uygur Autonomous Region Rural Credit
Cooperative Association for record and filing.

 

Article 19 This mortgage contract shall only be used
for conducting mortgage registration procedures and shall not be used as actual loan receipt.

 

    	 	3

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