Document:

Exhibit 10.11

 

Lease

 

This Lease has been entered in Xinxiang, Henan
on September 1, 2016 by and between Parties listed below:

 

Lessor: Wang Xiaohai

 

Address: ******************

 

ID Card No.: ******************

 

Lessee: Reed (Xinxiang) Road Incorporation
Ltd.

 

Address: Guguzhai Industry Agglomeration Zone,
Xinxiang County, Henan Province

 

Legal representative: Zhao Jinye

 

Each of Lessor or Lessee will be referred to
as “the Party / each Party” in the Lease, and Lessor and Lessee will be referred collectively to as the “Parties”.

 

Whereas,

 

1. Wang Xiaohai,
the Lessor, is the legal owner of the property (see definition in Article 1.2 below) and has rights of possession, use, deriving
income and disposal. As of the date of signing the Lease, the Lessor hasn’t set any limitation of rights to the aforesaid
property in any form to a third party of any nature.

 

2. The Lessor is
a shareholder of the Lessee. The Lessor agrees to rent the property to the Lessee, and perform responsibilities and receive benefits
as the lessor in accordance with the Lease.

 

3. The Lessee is
a limited liability company which was established in accordance with laws and is in good standing. The Lessee agrees to rent the
property from the Lessor, perform responsibilities and receive benefits as the lessee in accordance with the agreement.

 

On the basis of integrity,
mutual benefits, and common development, both Parties, after friendly negotiations, have signed the Lease related to matters of
the property in accordance with Contract Law of the People’s Republic of China and related laws and regulations on
real estate.

 

Article 1 Lease
and Property

 

1.1 The Lessor agrees
to lease the property (see Article 1.2 in the Lease, hereinafter referred to as the “property”) to the Lessee within
the term of lease as agreed in the Lease, and the Lessee agrees to lease the property and pay the rent to the Lessor as required
by the Lease.

 

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1.2 The property
includes Room 01, Room 02, Room 03, Room 04, Room 05, Room 06, Room 07, and Room 08 located in Floor 11, Building 3 (No. 195 Renmin
Road), Jingui Garden, No. 209, Renmin Road with a floor area of 866.02 square meters. The owner of the property is the Lessor,
namely Wang Xiaohai, and the property right certificate number of the tenements are: 200934476, 200934505, 200934482, 200934478,
200934479, 200934480, 200934481, 200934477.

 

Article 2 Lease
Purpose and Decoration, Reconstruction of the Property

 

2.1 The Lessee leases
the property of the Lease as offices.

 

2.2 The Lessor agrees
that the Lessee has right to take the property as its own offices or partially sublease the property, which shall not be interfered
or hampered by the Lessor.

 

2.3 The usage of
the property, equipment and facilities, auxiliary ground and public conditions by a third party through such forms of joint operation,
join venture, cooperation or partial sublease, provided by the Lessee shall all be deemed as the use by the Lessee, and the third
party shall have no direct contractual legal relationship with the Lessor. Any damage caused by mistakes of the aforesaid third
party to the Lessor or any other third party shall be borne by the Lessee.

 

2.4 In order to satisfy
the office needs of the Lessee, the Lessee has right to conduct some decoration or reconstruction to the property. If there is
any content in decoration or reconstruction programs requiring approval by related governmental departments, the Lessee shall be
responsible for relevant procedures with necessary assistance from the Lessor, and related fees shall be borne by the Lessee.

 

2.5 The Lessor promises
that the property is applicable for office purpose within the term of Lease, and any reconstruction of the property made by the
Lessor shall not harm right to use and interests of the Lessee.

 

Article 3 Term
of Lease

 

3.1 The term of lease
(“term of lease”) shall be 20 years from January 1, 2014 (“lease commencement date”), after the expiration
of lease, the Lessee has the priority right to renew the lease.

 

Article 4 Rent
and Payment

 

4.1 Rent standard:
The rent of the property shall be 1,250,000 yuan in total per year. The period from Lhe lease commencement date to the date before
the lease commencement date of next year (that is “corresponding date”, for example, if the lease commencement date
is January 1, 2014, then the corresponding date shall be December 31, 2014) shall be deemed as the first lease year, and the following
lease years shall be calculated in the same manner. Unless otherwise defined, the “year” mentioned in the Lease shall
refer to lease year.

 

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4.2 From the lease
commencement date, the rent shall be paid within 10 working days (included) after commencement of the next lease year.

 

Article 5 Standard
and Time of Property Delivery

 

5.1 The Lessor shall
deliver the property as is on the date of commencement of the Lease, and detailed statement shall be deemed as the basis of acceptance
of property delivery.

 

5.2 The Lessor shall
make sure the property is complete and equipped with normal usage function.

 

Article 6 Property
Repair and Property Management

 

6.1 The Lessor shall
be responsible for repair and maintenance of main structures of the property and bear all expenses aroused therefrom; however,
the Lessee shall be responsible for compensation for damages of main structures of the property caused by mistake, fault or negligence
of the Lessee.

 

6.2 The Lessor shall
change any responsible installation engineering of public system, equipment, facility which is legally over the usage life.

 

6.3 After the commencement
of the Lease, the Lessee shall be responsible for maintenance of facilities in the property including fire-fighting equipment,
water supply equipment, power supply equipment, gas supply equipment and air conditioning system and bear all expenses arouse therefrom.

 

Article 7 Energy
Supply and Energy Usage Fees

 

7.1 As the property
owner, the Lessor has obligations to maintain the normal supply of water, coal gas, electricity, etc. (except for failure of normal
supply of water, coal gas, electricity caused by the Lessee or force majeure) and shall not cut or reduce supply of water, coal
gas and/or electricity. If relevant authority of the Chinese government enforces the modification, capacity expansion of relevant
energy supply equipment, the Lessor shall be responsible for carrying out relevant modification, capacity expansion as required
by the government. However, if modification, capacity expansion, repair for relevant energy supply equipment is required to satisfy
the needs of the Lessee, related expanses shall be borne by the Lessee with necessary assistance provided by the Lessor. After
the expiration of the term of lease, the Lessee shall not dismantle the aforesaid modified, capacity-expanded energy supply equipment
when moving out of the property.

 

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7.2 During the term
of lease, the Lessee shall pay the energy usage fees according to standards approved or confirmed by price competent department
of the government as well as numbers displayed in energy measurement devices. The Lessee shall bear related fines for overdue payment
of energy usage fees required by energy supply unit.

 

Article 8 Guarantees
from the Lessor

 

8.1 As the undersigned
of the Lease, the Lessor shall hold qualification of rights as principal to sign and continuously perform the Lease.

 

8.2 The Lessor is
the legal owner of the property and has right to lease out the property in accordance with agreements in the Lease; however, the
property shall have no such situations which influence continuity and efficiency of the Lease.

 

8.3 The Lessor shall
ensure that there is no transfer agreement or lease agreement which is signed with a third party on the property and is currently
effective, and no compulsory measures such as sealing, distraining or supervision according to law which has restriction or prohibition
on leasing of property.

 

8.4 Any activity
undertaken by the Lessor and its representative shall have no adverse impact on unobstructive usage of the property. The Lessor
shall ensure the Lessee and its employees, customers and sublessee have right to access to the property during term of lease and
enjoy conditions and convenience required by subsequent business of the Lessee. No matter whatever the Lessor partially or wholly
sells, mortgages the ownership of the property or disposes the property in other manners, corresponding rights and obligations
specified in the Lease shall be binding on the assignee or beneficiary of the Lessor.

 

8.5 The Lessor shall
provide related materials and provide related documents as required by the Lessee and ensure materials provided are true, accurate,
complete without false records, misleading statements or important omissions.

 

Article 9 Guarantees
from the Lessee

 

9.1 As the signer
of the Lease, the Lessee is organized according to corresponding laws, in good standing, and is qualified to enter into and perform
the Lease.

 

9.2 The Lessee shall
make full payment of rent and property management fees (if any) on time as scheduled in the Lease.

 

9.3 The Lessee shall
ensure that the utilities fees are paid in accordance with standards issued or approved by relevant competent government authorities.

 

9.4 The Lessee shall
ensure that the usage of the property conforms to purpose agreed in the Lease without illegal usage of the property or behaviors
which may damage basic structures of property or endanger the security of basic structures of property.

 

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9.5 The Lessee shall
provide related materials and documents as required by the Lessor ad ensure materials provided are true, accurate, complete without
false records, misleading statements or important omissions.

 

Article 10 Violation
Responsibilities of the Lessor

 

10.1 During term
of the Lease, if there is any accident due to quality problems of main structures of the property which is not caused by the Lessee,
damages the Lessee or a third party, or affects normal business activities of the Lessee, the Lessor shall bear all responsibilities.

 

10.2 If the Lessee
could not operate for 30 working days or more due to violation of Lease obligations by the Lessor, the Lessee has right to terminate
the Lease and the Lessor shall compensate for all economic losses of the Lessee, including but not limited to residual value in
capital investment on fixed assets of the property made by the Lessee.

 

Article 11 Violation
Responsibilities of the Lessee

 

11.1 If the Lessee
violates the Lease and makes late payments, the Lessee shall pay the Lessor liquidated damages of 0.01% of the late payment on
a daily basis. If the payment is past due for 90 working days or more, the Lessor has right to terminate the Lease.

 

11.2 If the Lessee
uses the property for illegal activities which cause damages to the Lessor and fails to cure within 90 working days after receiving
notice from the Lessor, the Lessor has right to terminate the Lease and the Lessee shall compensate for all economic losses to
the Lessor.

 

11.3 The Lessee shall
indemnify the Lessor against any damages to the property due to inappropriate usage.

 

Article 12 Commencement
of the Lease

 

12.1 The Lease shall
be made and come into force after it is signed and sealed by both Parties (the Lessee shall affix the official seal).

 

12.2 The Lease shall
supersede all existing contracts, agreements, summary of conversations, memorandums and other documents signed concerned to lease
or usage of the property, and the aforesaid documents shall be invalid after the commencement of the Lease.

 

Article 13 Modification
and Termination of the Lease

 

13.1 The Lease may
be modified or terminated after negotiations between both Parties.

 

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13.2 If there is
any force majeure condition which causes the Lease partially or wholly fails to be performed, the Lease may be modified or terminated.
Force majeure refers to unforeseen, unavoidable, and insuperable objective facts.

 

13.3 Unless otherwise
stipulated in the Lease, both Parties agree to terminate the Lease during term of lease without any responsibilities of each Party
in the event of the following conditions:

 

(1) The land use
right of the property is taken back by the government due to the government reasons;

 

(2) The property is lawfully
requisitioned for social public interest;

 

(3) The property is lawfully
listed in the dismantlement areas for requirements of city construction;

 

(4) Serious damages,
losses or identification as dangerous property are not caused by both Parties of the Lease or their employees, staffs, agent or
contractor.

 

13.4 As mentioned
above in Article 13.3(3) about property in the dismantlement areas for requirements of city construction, the Lessee, as the property
user, shall have the remedial rights as provided by lawful and government departments.

 

13.5 Both Parties,
after negotiations, agree that if conditions mentioned above in Article 13.3(4) is fully repaired within 14 working days (including
the date of occurrence) after their occurrence and business operation of the property and areas of the property providing services
are to be fully repaired within 14 working days (including the date of occurrence) after the occurrence of damages, the Lease may
not be terminated.

 

13.6 Both Parties
agree that if any of the following situations occurs and the breaching Party does not cure within 90 working days (including that
day) after receiving written notice to cure from the other Party, the non-breaching Party has right to terminate the Lease:

 

(1) The Lessor
changes the zoning of the property and related lands during term of lease and the Lessee fails to continue to use the property
legally;

 

(2) The Lessor fails to
perform its obligations stipulated in the Lease and the normal use of the property of the Lessee is seriously affected;

 

(3) The Lessor changes structures
of the property without consent of the Lessee and the normal use of the property of the Lessee is affected;

 

(4) If there are other factors
attributed to the Lessor, the Lessee is allowed to terminate the Lease in accordance with specific requirements of laws;

 

(5) The Lessee fails to
pay the rent and property management fees as scheduled in the Lease;

 

(6) The Lessee change structures
of the property without written consent of the Lessor;

 

(7) The main structure of
the property is seriously damaged due to the Lessee; and

 

(8) If there are
other factors attributed to the Lessee, the Lessor is allowed to take back the property in accordance with specific requirements
of laws.

 

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Article 14 Matters
after Expiration of Term of Lease

 

14.1 After the expiration
of term of lease, the Lessee shall return the property to the Lessor and the property shall keep clean and tidy and be in a standard
good conditions for lease.

 

14.2 The ownership
of decorations, equipment and other appendages and attachments invested by the Lessee during term of lease in the property or for
the office function of the property shall belong to the Lessee. After the expiration of term of lease, the Lessee may dismantle
and dispose them freely, but the Lessor has a priority right to purchase them.

 

Article 15 Confidential
matters

 

15.1 Both Parties
shall be responsible for confidence of contents in the Lease at any time, and either Party shall be not allowed to disclose the
contents in the Lease without written consent of the other Party, except for requirements of supply by legal counsels, financial
consultants employed by both Parties or by laws, regulations, ordinances, rules, exchanges for IPO as well as IPO rules, court
orders, etc.

 

Article 16 Settlement
of Dispute

 

16.1 Any dispute
caused by performing the Lease shall be settled through negotiations between both Parties; if negotiations fails to work, either
Party may initial legal proceedings with the people’s court with jurisdiction where the property is located in.

 

Article 17 Copies

 

17.1 The Lease is made in four copies, and each Party keeps two copies.

 

(The remainder of
this page is intentionally left blank. The following page is signature page.)

 

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(This page is only
for signature of Lease)

 

	Lessor: 	/s/ Wang Xiaohai	 
	 	Wang Xiaohai	 

 

Lessee: Reed (Xinxiang) Road Incorporation
Ltd.

(seal)

 

Legal representative or entrusted agent: /s/
Jinye Zhao

(signature)

 

    8 / 8Exhibit 10.12

 

Hui County
Rural Garbage Removal Marketization Service

 

Procurement Project Contract

 

Party A: Hui County
Urban and Rural Administration (“Party A”) [Government Seal Affixed Herein]

 

Party B: Reed (Xinxiang)
Road Incorporation Limited (“Party B”) [Company Seal Affixed Herein]

 

In order to realize
marketization of rural garbage removal in Huixian, the bidding of Reed (Xinxiang) Road Incorporation Limited on rural garbage removal
marketization service in the whole County of Hui (II) (Project No.: HJC 2018DZB049-1) has been accepted. The principal and contractor
have entered into the following agreement.

 

I. The Contract
consists of this Agreement and the following documents:

 

(I) Tender documents;
(II) Bidding documents; (III) Letter of Acceptance; (IV) Marketization Assessment Method for Rural Rubbish Collection. The aforesaid
documents should be mutually supplemented and interpreted.

 

II. Contract Length
and Related Fees

 

1. Contract length:
From January 1, 2019

 

To December 31,
2021.

 

2. Total service
fees: amount in words: Forty-One Million Seven Hundred and Twenty Thousand Nine Hundred and Twenty-Two Yuan Only / three
years, amount in figures: 41,720,922 Yuan / 3 years;

 

3. Annual service
fees: amount in words: Thirteen Million Nine Hundred and Six Thousand Nine Hundred and Seventy-Four Yuan Only / year,
amount in figures: 13,906,974 Yuan / year;

 

4. Monthly service
fees: amount in words: One Million One Hundred and Fifty-Eight Thousand Nine Hundred and Fourteen Yuan Fifty Fen / month,
amount in figures: 1,158,914.5 Yuan / month.

 

    	 	- 1 -	

     

    

 

5. Payment: Party
A shall make monthly installments in accordance with bid-winning price (actual payment amount should be subject to the amount determined
after deduction made by Party A for assessment of Party B); after the agreement takes effect, Party A should make payments to Party
B within 5 working days after receiving special financial expenses.

 

6. Performance
bond:

 

(1) Before the Contract
has been signed, Party B should make payments to the account designated by Party A for performance bond in accordance with requirements
of tender documents. The amount of performance bond should be 5% of annual service fees of bid winning.

 

(2) Projects covered
by the Contract are not allowed to be assigned or subcontracted. After the Contract has been signed by both Parties, Party A has
right to terminate the Contract and deduct the performance bond if Party B transfer or subcontract projects in the Contract.

 

(3) After the expiration
of the Contract, the performance bond paid by Party B will be returned to Party B without any interest within 5 working days after
Party A has issued acceptance qualification report.

 

III. Cleaning Areas
and Corresponding Standards

 

1. Operation areas:
Marketization Project of Rural Rubbish Collection in the Whole Huixian (the 1st bidding section): collection of garbage in 7 towns,
including Wucun Town, Bobi Town, Zhaogu Township, Zhancheng Town, Beiyunmen Town, Jitun Town, Yuhe Town. Party A should be responsible
for the construction of transfer station in towns.

 

2. Operation standards:
subject to quality assessment standards included in tender documents of (project No.: HJC 2018DZB049-1) Marketized Project of Rural
Rubbish Collection in Huixian.

 

IV. Term of the
Contract

 

Term of the Contract
shall be 3 years (subject to actual operation time after contract signed with the bid winner).

 

    	 	- 2 -	

     

    

 

V. Rights and Obligations
of Both Parties

 

(I) Rights and
obligations of Party A

 

1. Party A should be
responsible for supervising and inspecting sanitation condition of Party B and carrying out the hundred-score assessment. If there
is any disqualification, Party A may send a written notice to Party B with corresponding economic punishment for Party B as appropriate,
and order cleaning personnel of Party B make timely improvement; if the assessment of Party B is disqualified continuously for
two months, Party A has right to order Party B to change the project manager, and if Party B refuses to make corresponding change,
Party A has right to terminate the Contract and deduct the performance bond; if there are 3 disqualified monthly assessments in
total, Party A has right to terminate the Contract and deduct the performance bond.

 

2. Party A shall provide
necessarily basic data and materials for Party B to carry out the preliminary work of the Project.

 

3. Party A shall pay
Party B for sanitation marketization fees in accordance with the amount and mode of payment agreed in the agreement.

 

4. Party A should provide
rubbish treatment and dumping areas for free to make sure rubbish collected by Party B could be normally dumped into the rubbish
treatment plant.

 

5. If there is any severe
influence made by Party B to the place where Party A is located in, Party A has right to terminate the Contract and deduct the
performance bond.

 

(II) Rights and
obligations of Party B

 

1. Party B should register
a project company in the place where the project is carried out within 1 month after signing the agreement, and authorize the implementation
of the project by the project company.

 

2. Party B must establish
a standardized production and operation monitor platform, and such vehicles as rubbish collection vehicles and rubbish transfer
vehicles which conform to quality standard and operation frequency should be equipped. All vehicles should be equipped with vehicle-mounted
satellite positioning unit and operate according to standards made by Party A, to make sure the supervision and monitor of Party
A to sanitation production work.

 

    	 	- 3 -	

     

    

 

3. Party B should be
subject to safe production standards, purchase social insurances (personal accident insurance and job injury insurance) for employees,
and corresponding insurances for operation vehicles to avoid safety risks timely. Party B shall be completely responsible for labor
disputes and safety accidents happened during the service period.

 

4. During this service
period, if vehicles stop working anymore due to scrapping or other reasons and thus causing lack of equipment, Party B should voluntarily
deploy and increase operation equipment with good performance according to actual demands.

 

5. Party B shall bear
costs used for large-, meddle- and small-sized repair, daily maintenance and fuel (including auxiliary fuels) as well as annual
insurance fees, testing fees, inspection fees, vehicle and vessel use tax and other relevant expenses.

 

6. Party B shall bear
costs for cleaning transportation vehicles.

 

7. Party B should carry
out standardized operation for project in accordance with Chinese regulations and local governments and bear all operation costs
for carrying out operation, maintenance, training, etc.

 

8. Party B must sign
labor contract with employees, purchase endowment insurance and pay employees wages strictly subject to laws and regulations and
standardized documents related to Labor Law. If wages has not been paid continuously for 3 months without any reasonable cause,
Party A has right to terminate the Contract and deduct the performance bond.

 

9. Party B must bear
other rubbish transportation fees which are not explicitly stipulated.

 

VI. Responsibilities
for Breach of Contract

 

The Contract are not
allowed to be terminated by both Parties without any reasonable cause, otherwise the defaulting party should pay the other Party
liquidated damages of 10% of contract amount.

 

    	 	- 4 -	

     

    

 

VII. Price Adjustment
Mechanism

 

During the term of the
Contract, if the operation cost has significant changes or if there are others factors having significant influence on price, the
follow-up price may be adjusted after common negotiation of both Parties, computation by third party and approval by municipal
government:

 

1. The address of rubbish
treatment plant is changed during the term of the Contract;

 

2. According to requirements
of municipal government, operation standards and frequency of Party B are greatly raised compared to the original operation standard,
which significantly increase the operation costs of Party B.

 

VIII. Matters
not explicitly stipulated in the Contract should be settled subject to “tender documents” or “bidding documents”;
other matters not mentioned in the Contract should be settled through common negotiation between both Parties, if the negotiation
fails to work, the matter should be settled in accordance with related Chinese laws and regulations. Any dispute happened should
be settled by the people’s court where Party A is located in.

 

IX. The Contract
is made in eight copies, and each party keeps 4 copies. The Contract shall be effective after signed and sealed by both Parties.

 

	Representative of Party A: /s/ Chao Guo	 	Representative of Party B: /s/ Dongsheng Zhang
	 	 	 
	
        (seal affixed herein)

         
	 	
        (seal affixed herein)

         

	Name: Hui County Urban and Rural Administration	 	Name: Reed (Xinxiang) Road Incorporation Limited
	 	 	 
	January 1, 2019	 	January 1, 2019

 

    	 	- 5 -

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