Document:

Exhibit
10.13

 

The
Convertible Debt Investment Agreement

 

With
regards to

 

Yantai
Jinzheng Eco-Technology Co., Ltd.

 

And

 

Newater
Technology, Inc.

 

The
Convertible Debt Investment Agreement (the “Agreement”) is signed among the following parties in Yantai City
on June 6, 2016.

 

	(1)	Newater
                                         HK Limited, (the “Party A”), a company incorporated under the law
                                         of Hong Kong and with Company Number as 2303771, Currently holds 100% shares of Yantai
                                         Jinzheng Eco-Technology Co., Ltd.

 

	(2)	Yuxiang
                                         Qi (Investor, the “Party B”), a Chinese natural person with a complete
                                         civil capacity.

 

	(3)	Yantai
                                         Jinzheng Eco-Technology Co., Ltd. (Investee, the “Party C” or “Target
                                         Company”), a company incorporated under the law of People’s Republic
                                         of China and having its registered office at No.6 of Guangchang South Rd, Laishan Economic
                                         Development Zone, Yantai City, Shandong Province.

 

	(4)	Newater
                                         Technology, Inc. (the “Party D”), a company incorporated under the
                                         law of British Virgin Islands, which is Party C’s offshore parent company.

 

Whereas

 

The
parties intend to introduce Party B as an investor by using the method of convertible debt arranged hereon by this Agreement.
In order to carry out the deal smoothly, parties agree as follows.

 

Article
One Loan Amount

 

Party
B should loan RMB 4,000,000, free of interest, wired to Party C’s bank account as designated below:

 

Account
Name: Yantai Jinzheng Eco-Technology Co., Ltd.

 

Bank:
Yantai Free Trade Port District Branch, Bank of China

 

     

     

    

 

Party
C’s offshore parent company, Party D shall issue shares to Party B in accordance with the terms of this Agreement. Through
the process of share issuance, Party A and Party D shall assist Party B with relevant registrations unconditionally.

 

Article
Two Conversion Method, Price, and Repayment of Debt

 

2.1
Conversion Method

 

All
parties agree that Party B shall wire RMB 4,000,000 to Party C before June 30, 2016. Within three (3) days receiving Party B’s
wire, Party D shall issue shares in consideration of the loan in accordance with the Agreement. When Party D completes relevant
registrations for share issuance to Party B, it shall be deemed that the debt owed to Party B has been fully paid off. Party D
no longer owes anything to Party B, and Party B releases Party D from all obligations and liabilities.

 

2.2
Conversion Price and Number of Shares

 

The
conversion price is USD 4.25 per share, the exchange rate of USD to RMB is 1:6.5, the number of shares to be converted and received
by Party B’s designee is 144,800 shares.

 

Article
Three Effectiveness and Termination

 

3.1
This Agreement shall be effective only if signed by all parties.

 

3.2
This Agreement may be terminated in the following circumstances:

 

3.2.1
by consensus of all parties;

 

3.2.2
the investment is stopped because of force majeure or objective reasons out of parties' control;

 

3.2.3
any one party substantially fails to perform in accordance with the provisions of the Agreement or regulations about applicable
law, under this situation, the other parties have the right to initiate the termination in writing unilaterally.

 

Article
Four Confidentiality

 

Each
party shall treat the Agreement and any information disclosed to them by the other parties pursuant to this Agreement as private
and confidential. Neither party shall publish or disclose the same or any particulars thereof without the consent of the others
(except under law or requirements by regulators, a party is asked to make a disclosure it shall be free to do so).

 

    	 	2	 

     

    

 

Article
Five Taxes

 

5.1
Each party shall bear its own taxes in accordance with relevant laws and regulations.

 

5.2
Each party shall bear its own expenses and costs during the process of negotiation, drafting, signing and executing the Agreement.

 

Article
Six Governing Law and Dispute Resolution 

 

6.1
This Agreement shall be governed, construed, and enforced in accordance with the laws of the People’s Republic of China.

 

6.2
Disputes or other matters in question among parties to this Agreement shall initially be resolved through friendly consultations.
If a mutually agreeable resolution is not reached within sixty days after the happening of disputes, any party can bring a lawsuit
in people’s court of Party C’s domicile.

 

6.3
During the dispute resolution, except for the controversial provisions, the validity, legality, and enforceability of the remaining
provisions contained herein shall not be in any way affected or impaired.

 

6.4
In case any one or more provision of the Agreement shall be invalid, illegal, or unenforceable, in any respect, the validity,
legality, and enforceability of the remaining provisions contained herein shall not be in any way affected or impaired.

 

    	 	3	 

     

    

 

	(Signature
    Page)	 
	 	 
	Party
    A: Newater HK Limited	 
	 	 
	/s/
    Yuebiao Li	 
	By:
    Yuebiao Li, Legal Representative	 
	 	 
	Party
    B: Yuxiang Qi	 
	 	 
	/s/
    Yuxiang Qi	 
	 	 
	Party
    C: Yantai Jinzheng Eco-Technology Co., Ltd	 
	 	 
	/s/
    Yuebiao Li	 
	By:
    Yuebiao Li, Legal Representative	 
	 	 
	Party
    D: Newater Technology, Inc.	 
	 	 
	/s/
    Yuebiao Li	 
	By:
    Yuebiao Li, Legal Representative	 

 

 

4Exhibit 10.14

 

Contract
Number: JM50310120160074

 

Working
Capital Loan Contract

 

Borrower
(Party A): Yantai Jinzheng Environmental Technology Co., Ltd.

Address:
RuiDa Road, LaiShan District, Yantai

Legal
Representative: Li Yuebiao

 

Creditor
(Party B): Hua Xia Bank, Xing Fu Sub-branch, Yantai

Address:
No. 41, XingFu Road.

Legal
Representative (Person In-Charge): Zhang Liang 

 

 

 

Whereas
Party A applies for a loan from Party B and Party B agrees to grant a loan to Party A for the purpose as specified in Section 2.1
hereunder. To specify their rights and obligations, Party A and Party B hereby enter into this contract after negotiation in accordance
with the Contract Law, General Rules of Loan and relevant laws and regulations.

 

Article
1 Type of Loan 

 

1.1      The loan under this contract is (middle-term or short-term) working capital loan.

 

Article
2 Amount of Loan and Currency

 

2.1      The currency of the loan under this contract is RMB.

 

2.2      The amount of the loan under this contract is (in word): Ten Million Yuan Only.

 

Article
3 Purpose of Loan 

 

3.1      The loan hereunder shall be used for the purpose mentioned and approved in attached “Withdrawal application” only.
Party A shall not change the purpose of the loan hereunder without the written consent of Party B.

 

Article
4 Term of Loan 

 

4.1      The
term of the loan hereunder is 12 months, from July 26, 2016 to June 28, 2017. 

 

4.2      Party A shall collect the loan in one time on July 26, 2016. Party A shall submit withdrawal application at least one working
day in advance to get the approval of Party B.

 

4.3      Party A choose to repay loan principal in one time on June 28, 2017.

 

4.4      The practical withdrawal and repayment date shall be the date stated on the indebtedness certificate under this contract. The
indebtedness certificate, withdrawal form or any other attachment approved by both parties is the integral part of the contract.
In case of any discrepancy between indebtedness certificate and withdrawal form, the indebtedness certificate shall prevail.

 

     

     

    

 

Article
5 Interest Rate of the Loan

 

5.1      The
interest rate under this contract is 5.655% per annum. If the benchmark interest rate of the corresponding grade of the
People’s Bank of China is adjusted before the actual release date of the loan, the interest rate under this contract shall
be conducted subject to the adjustment as specified in 5.5 hereunder.

 

5.2      The
interest rate of the loan will be accrued effective from the actual withdrawal date. Interest Amount = Actual loan balance X actual
days in interest accrual period X annual interest rate /360(days)

 

5.3      The interest of loan hereunder shall settle on a monthly (monthly/quarterly) basis. The interest payment day is the
20th of each month. The interest shall be paid up upon maturity of loan.

 

5.4      If
the benchmark interest rate of the corresponding grade of the People’s Bank of China is adjusted after the actual release
date of the loan, the interest rate under this contract shall be unchanged.

 

5.5      The
interest rate of the contract is calculated at    /    % (upwards/downwards) from the benchmark
interest rate of the corresponding grade of the People’s Bank of China as specified in 5.1 and 5.4 terms.

 

Article
6 Withdrawal of Loan

 

6.1      Party
A shall satisfy the following conditions before the withdrawal:

 

6.1.1   Borrow has satisfied all necessary government approval, permit, license and other legal formalities and other formalities, and
such approval, permit or registration remains effective.

 

6.1.2   All related documents required by party B .

 

6.1.3   Right of guarantee has been effectively set up, this Contract together with the corresponding guarantee contract (if any) have
been signed and remain effective.

 

6.1.4   Party A does not breach this contract.

 

6.1.5   All
declarations and guarantees shall be authentic, correct and effective before the withdrawal date;

 

6.1.6   No significant adverse change has happened to Borrower’s operation and financial status before the withdrawal date.

 

    	 	
2
	 

     

    

 

6.2      Party A shall make withdrawal in accordance with this contract, and sign the indebtedness certificate, which is an integral
part of this contract.

 

6.3       if
the Borrower fails to fulfill the drawing procedure , Party B has the right to cancel or release the loan . Party A shall submit
all related documents when conditions are satisfied.

 

Article
7 Advance and Payment of Loan 

 

7.1      Method: Payment by the Party B in a fiduciary capacity 

 

7.2      Not applicable.

 

7.3     The
Method means Party B shall pay the Loan via Party A’s account in accordance with party A’s withdrawal form and declaration
of intentionin the form, then directly to Party A’s third-party payee who shall use such loan in compliance with this contract,
after Party B reviews whether the information like payment object (third-party payor), and payment amount in the payment application
is consistent with relevant documents provided by Party A.

 

7.4      Not applicable.

 

7.5      Not
applicable.

 

7.6      Party A shall provide the third-party payor party information, supporting documents about the purpose of loan requested from
Party B. Party B shall not be responsible for termination or suspension of the payment due to untruthfulness, inaccuracy, incompleteness
and ineffectiveness of the abovementioned documents.

 

7.7      Party A shall not use the loan the pay the relevant fees to its brokerage firm or to third-party payees that are affiliated
with Party A and not conform to the purpose of the loan.

 

Article
8 Payment Monitoring

 

8.1      Party
A’s capital return account designated by Party B has been identified.

 

8.2      Party B has right to manage and monitor the capital return account. Party A shall provide information about the capital return
account on time.

 

8.3      Upon credit and financing status of Party A , Party B has right to negotiate and sign account management agreement with Party
A, to specify the management of the designated account.

 

    	 	
3
	 

     

    

 

Article
9 Repayment of Loan

 

9.1      Party A shall repay the loan hereunder with the capital from the sources, including but not limited: sales income.
No provisions any in other contracts in which Party A is a party shall effect Party A’s repayment obligation under the contract. 

9.2Party
A shall repay the due amount (interest or principal) before the end of the business time on the repayment date of the specified
account which Party A opened with Party B. If the repayment date falls on a legal holiday, it shall be rescheduled for the next
working day.

 

9.3      Party B has right to directly deduct any unpaid amounts from Party A’s accounts set up in Party B.

 

9.4      payments
shall be made based on following order: expenses to realize the creditor’s right and guarantee rights, damage remedy, breaching
penalty, compound interest, overdue interest and interest penalty, interest, principal. Party B has right to change the order.

 

9.5      Party A shall not repay the Loan in advance without written consent of Party B. Party A shall notify Party B 10 working days earlier
and Party B will accrue the interest based on agreed rate and actual loan days.

 

Article
10 Security 

 

10.1    The security method of the loan here under: Guarantee

 

10.2    Party A shall be obliged to actively assist Party B and procure Party B to enter into the security contract (No: YT03(Gaobao)20160008 )
with the guarantor ( Yantai Ruitai Medical Co., Ltd.), to specify the maximum guarantee amount under the contract.

 

Article
11 Financial agreement

 

Within
the effective period of this contract, Party A shall follow the financial index agreement as follows.

 

NO
CONTENTS.

 

Article
12 Statements and Warranties of Party A 

 

Party
A makes the following statements and warranties to Party B.

 

12.1    Party
A is an independent legal entity who possesses all of the necessary rights and abilities and is able to perform the obligations
under this Contract in its own name and independently assume civil liability.

 

    	 	
4
	 

     

    

 

12.2    Party
A is entitled to sign this Contract and has completed all authorizations and approvals from the shareholders, board of directors
and other authorities necessary for the signing of the Contract and performing the obligations here-under.

 

12.3    The
signing and performance of the Contract will not be in violation of the law (the law referred to herein includes laws, rules,
regulations, local laws, and judicial interpretation etc., same hereunder), relevant documents of competent authorities, judgments,
rulings which should be observed by Party A and are not in conflict with any article in any association, contract, agreement signed
by Party A, or any other obligation undertaken by Party A.

 

12.4    Party
A is in strict compliance with the policy of honesty and integrity in the course of signing and performance of the Contract, all
the information and documents supplied to Party B by Party A are true, valid, accurate and complete.

 

12.5    Party
A produces and operates in compliance with laws and regulations, and has the ability to operate sustainably, and have a legitimate
source of repayment. Senior management of the Borrower has no illicit record.

 

Article
13 Rights and Obligations of Party A

 

13.1    Party A has the right to withdraw and use the loan in accordance with the terms and purpose as specified in the Contract.

 

13.2    Party
A shall set up settlement account upon Party B’ designation and accept Party B’s investigation and supervision over
the use of loan under the Contract.

 

13.3    Party
A shall apply the loan in accordance with this Contract, and shall not apply the loan for other purposes, or use such loan for
fixed asset investment, equity investment or in any other industry or for any other purpose prohibited by the State.

 

13.4    Party
A shall comply with the practices and policies of operations of Party B and the loan business, including but not limited to cooperating
with Party B in loan payment management and monitoring the use of the loan and the operation of Party A , and shall provide all
the financial statements, loan application records and materials, affiliates and transaction information of such affiliates and
other materials and information as required by Party B. Party A shall ensure that all such documents, materials and information
are true, complete and accurate.

 

13.5    Party
A shall repay principal and interest of the loan hereunder as stipulated in the Contract.

 

    	 	
5
	 

     

    

 

13.6    
In case of contracting, lease, joint stock restructuring, joint operation, merger, acquisition joint venture, division, decrease
of registered capital, changes in equity, major assets transfer and other activities that that may impair Party’s right
and interest, Party A shall notify Party B in a written form at least thirty days in advance and obtain the written consent of
Party B. Otherwise, Party A shall not undertake the above activities until all the debts are discharged.

 

13.7    In case of going out of business, dissolution, cessation of production for rectification, cancellation or revocation of business
license, Party A shall notify Party B within 3 days in writing and ensure the ability to repay the principal and interest immediately.

 

13.8    In
case of any circumstances, which threaten the normal operation and seriously affect the obligation of repayment under this contract,
including but limited to material economic disputes, bankruptcy, deteriorated financial position, Party A shall notify Party B
in writing within 3 days.

 

13.9    Party
A shall inform Party B of any change of its domicile, corresponding address, business scope, legal representative, and other industrial
and commercial registration within 7 days after the change.

 

13.10    Before
repayment of the principal and interest under this Contract, Party A shall not sell specified assets, prepay other long-term debts
and provide extra guarantee for third parties without Party B’s consent, which causes any significant adverse effect on
its economic and financial status, or on its ability of performance of this contract.

 

13.11    Party
A cannot sign any contract that has significant adverse effect on this Contract;

 

13.12    Guarantor
violates any of its obligations or statements; Party A shall supply a new guarantee immediately for Party B’s approval or
prepay the loan.

 

13.13    Party
A shall sign for the notice letter or documents posted by Party B in a timely manner.

 

13.14   Party
A shall strengthen environmental and social risks management, accept the supervision and inspection of the third party recognized
by Party B, and submit the related reports upon Party B’s requirement.

 

Article
14 Rights and Obligations of Party B

 

14.1    to
ask Party A to provide all the relevant materials;

 

14.2    to
supervise and examine the use of the loan and be informed of the operation and financial status of Party A.

 

    	 	
6
	 

     

    

 

14.3    to
ask Party A set up settlement account and supervise this account in accordance with the Contract.

 

14.4    to
protect its creditor’s right.

 

14.5    to alter conditions and method of loan payment, or stop advancing and payment and unilaterally declare early maturity of all
the principal of the advanced loan hereunder, and require Party A to immediately repay all the principal of the due loan and settle
the interest.

 

14.6    to
recover the loan in advance in its own discretion according to the situation of capital recovery of party A, and exercise other
rights hereunder or provided by law.

 

14.7    to grant loan to Party A on time and in full as specified in the Contract.

 

14.8    to keep confidential the materials provided by Party A concerning information of liabilities, finance, production, and operation,
unless otherwise required by the contract and laws and regulations.

 

14.9    Within
the validity of the contract, Party A shall issue notice of any address changes in a timely manner.

 

Article
15 Breach of Contract 

 

15.1    Both Parties hereto shall fulfill the obligations as specified in the contract after the contract goes into effect. Any party
who fails to fulfill the obligations hereunder shall bear the liabilities of breach of contract.

 

15.2    Should Party A fail to apply for or withdraw the loan or the guarantor fails to complete related procedures exceeding 30 days
(including holidays) as stipulated in this Contract, Party B has the right to terminate the contract and recover all principal
and interest under the loan.

 

15.3    Should
Party A fail to repay the principal and interest under the contract on time, Party B has the right to request for repayment within
a specified time. Party B will collect an additional 50% on the original interest rate in this Contract as a penalty interest
rate, calculated as overdue interest.

 

15.4    Should
Party A fail to use the loan for the purpose as stipulated in the contract, Party B has the right to cease to issue the loan,
reclaim part of or all loan proceeds or terminate the contract. In addition, Party B will collect an additional 100% on
the original interest rate in this contract as a penalty interest rate, calculated as penalty interest and compound interest from
the date of breach.

 

15.5    Should
Party A fail to use the loan for the purpose as stipulated in the contract, Party B has the right to claim overdue interest, interest
penalty and compound interest on monthly basis.

 

    	 	
7
	 

     

    

 

15.6    Should
Party A fails to repay the principal or pay the interest of the loan in the full amount and on time, it shall bear the fees for
collecting overdue payments, litigation (or arbitration), including attorney’s fees, or any other reasonable fees for recovering
the loan.

 

15.7    Should
Party B fail to release loan within 7 working days after Party A fulfills all drawing conditions and submits the withdrawal application,
Party A has right to charge penalty as specified in 15.3 this Contract.

 

Article
16 Early recovery of Loan

 

This
Contract shall terminate in advance when any of the following events occurs:

 

16.1    Party
A fails to repay the principal or pay the interest of the loan in the full amount and on time, or fails to use the loan for the
purposes provided herein.

 

16.2    Party
A fails to use the loan in the payment method stipulated in the Contract.

 

16.3    Party
A fails to fulfill the financial index.

 

16.4    Party
A fails to withdraw and use the loan in the agreed ways.

 

16.5    Party
A violates the contract by evading the payment of Party B in a fiduciary capacity.

 

16.6    Party
A provides false financial statements or other loan documents.

 

16.7    Party
A refuses Party B’s supervision over the use of loan and relative production, operation and financial activities.

 

16.8    Party A engages in equity investment with the loan.

 

16.9    Party A uses the loan in securities, futures, real estate, to engage in speculative business or engage in, illegal transactions.

 

16.10   Party A obtains the loan for lending to seek illegal income.

 

16.11  Party A uses fraud to obtain the loan.

 

16.12  Uses false documents to obtain the bank funds.

 

16.13  Uses fraudulent transfers to try and avoid its debt.

 

    	 	
8
	 

     

    

 

16.14  Party A signing any contract or agreement, or to unilaterally make promises or guarantees with others (including Party B in this
contract), which causes a breach of the loan.

 

16.15  Important
changes of Party A in its internal organization and legal status, including but not limited to: contracting, leasing, joint operation,
external investment, shareholding, merging (acquisition), joint venture (cooperation), division, share transfer, practical increase
in debt financing, subsidiary set up, transfer of property rights, reduction in registered capital, stoppage of operation, dissolution,
file a petition for bankruptcy, reformation and other actions, and such changes do not receive the written consent of Party B
and Party A can not ensure the ability to repay the loan or provide new guarantees requested by Party B.

 

16.16  Major
economic disputes, deteriorated financial situation, which may seriously affect or endanger the exercise of Party B’s rights;
any other event that may endanger or cause serious losses to the execution of the creditor’s rights under the contract.

 

16.17  Going
out of business, dissolution, cessation of production for rectification, cancellation or revocation of business license

 

16.18  Any
other event that may endanger or cause serious losses to the exercise of the creditor’s rights under the contract.

 

Article
17 Validity of Contract

 

17.1    The
Contract shall come into effect on signing date of both parties.

 

Article
18 Transfer and modification of Contract

 

18.1    Party
A agrees that, during the validity of the contract, Party B could transfer the debt partially or completely to a third party.

 

18.2    After the commencement of the contract, if Party A transfers all or part of the debts under the contract to a third party, it
should provide written documents of agreement and guarantee obligations or provide new guarantees approved by Party B.

 

18.3    After
the contract takes effect, any party shall not modify or terminate the contract unless otherwise specified in the contract. The
modification or termination of the contract, if required, shall be subject to the written agreement of both parties hereto through
consultation.

 

18.4    In
case PartyA wants to extend the loan, it shall submit written application for Party B’s approval. The term of loan shall
not be extended until Party B agrees to extend the Loan after inspection and they execute an agreement for extension. The loan
contract shall remain in force before the parties hereto execute the extension agreement.

 

    	 	
9
	 

     

    

 

Article
19 Confidentiality 

 

Both
Parties shall keep confidential all the trade secrets and other information and materials marked as confidential in writing, unless
required to be disclosed by the applicable laws and regulations or listing rules and judicial authorities or government authorities.
Above information is not allowed to disclose to any third party without other party’s consent.

 

Article
20 Applicable Laws and Dispute Resolution

 

20.1    The
Laws of the People’s Republic of China are applicable to this contract.

 

20.2    Any
dispute arising from execution of the contract shall be firstly settled by both parties hereto through consultation. In case no
settlement can be reached through consultation, the disputes shall be submitted to People’s Court where Party B is located
for litigation.

 

 

Article
21 Notices and delivery

 

Should
Party A fails to notify Party B in writing in time on any changes of the information shown in the first page of this contract
(including Party A’s legal name, address and telephone number), the notice and all documents, which Party B sends out to
Party A shall be deemed as served on the date of delivery.

 

Article
22 Supplementary Provisions 

 

22.1    Should
Both Parties signed Maximum Financing Contract (No. YT03 (Rongzi) 20160008), this contract will be the practical business contract
under the Maximum Financing Contract.

 

22.2    According
to relevant laws and regulations, Party A authorizes Party B to supply information in this contract to Credit Database of People’s
Bank or any other credit database legally established, in order to let appropriate persons obtain relevant information by researching
the databases. Party A authorizes Party B to obtain relevant information about Party A by researching the credit databases, in
order to enter into and perform this contract.

 

22.3    Should
one Party modify the contract based on applicable laws and stipulations, the other party shall coordinate and agree. Otherwise,
unreleased loan proceeds will be suspended.

 

22.4    Other
agreed matters

 

1.  
Quotations for agreed products (including pricing, revenue and expenses) include VAT prices.

 

2.  
If two tax rates are involved in the contract, the products will be calculated separately. 

 

    	 	
10
	 

     

    

 

22.6    The
contract is made in quadruplicate with the equal legal effect. Each of Party A, Party B and     /    
shall hold one.

 

22.7    Any
appendices under this Contract are an integral part of this contract and has the same legal effect as the main text.

 

22.8    Both
parties have no disagreement towards any of the provisions herein and have an accurate understanding of the legal implications
of the provisions with respect to the rights and obligations, restrictions of responsibility or release provisions of the subject
persons.

 

Signing
page (no main text)

 

PartyA
(official chop)

Legal
Representative or Duly Authorized Representative

(signature
or chop): /s/ Li Yuebiao

Date:
July 26, 2016

 

Party
B (official chop)

Person
in Charge or Duly Authorized Representative

(signature
or chop) : /s/ Zhang Liang

Date:
July 26, 2016

 

    	 	
11
	 

     

    

 

Annex:

 

Working
Capital Loan Withdrawal Application

 

(applicable
to Party B in a fiduciary capacity )

 

The
Applicant (the client, Party A):

 

Yantai
Jinzheng Environment Technology Co., Ltd.

 

The
Lender (the trustee, Party B):

 

Hua
Xia Bank, Xing Fu Sub-branch, Yantai 

 

Based
on the Working Capital Loan Contract signed between Party A and Party B with serial number of : JM50310120160074 (hereinafter
referred to as the “Loan Contract”), Party A applies to withdraw (currency) RMB (amount in words), Ten Million
yuan only for purchasing raw materials. The withdrawal date is July 26, 2016, and repayment date is June
28, 2017. Party B has the right to adjust the repayment date of this withdrawal according to the provisions in the Loan Contract.
Party A confirms to meet all withdrawal conditions agreed on in the Loan Contract, and provides Party B with all necessary materials
for this withdrawal application to review. After approval by Party B, the withdrawal amount will be transferred to Party A’s
account, which is opened with Party B. Party A, unconditionally and irrevocably, entrusts Party B to pay particular third party
for the deal according to the following payment information; Party A promises, after the amount is transferred to its account,
except for the above entrusted payment, will not use the withdrawal amount in any other way or transfer to any other party, break
of the promise will constitute a breach of the Loan Contract and give Party B the right to ask Party A to bear the responsibility
of breach according to the provisions in the Loan Contract.

 

     

     

    

 

	Serial	Account
    Name	Amount	Bank	Purpose
	1	Yantai
    Kang Xing Trade Co., LTD	Ten
    Million yuan	China
    Construction Bank, Er Ma Road Sub-branch	Purchasing
    materials
	 	 	 	 	 
	 	 	 	 	 

 

Applicant
(the client) (seal) : Yantai Jinzheng Environment Technology Co., Ltd.

 

Date
of application (entrustment) : July 26, 2016

 

The
following are filled in by the bank:

 

	Opinion
                                         of

         

        person in charge :
	Agree

         

        Person in charge: Jing Sun
	Date:
    July 26, 2016
	Opinion
                                         of

         

        head of unit:
	Agree

         

        Head of unit: Liang Zhang
	Date:
    July 26, 2016

 

(Note:
this withdrawal application form is in triplicate, the first copy is kept by accounting department, the second copy is kept by
leading department, the third copy is kept by operation department.)

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