Document:

Exhibit
10.2

 

AMENDMENT
TO LICENSE AND SUPPLY AGREEMENT

 

License
and Requirements Supply Agreement (“the Original Agreement”) was made on April 3rd, 2017 between PBG Water
Solutions International Inc. ("PBG" or -Licensee"), on the one hand, and Beijing QHY Environment S &
T Co., Ltd (北京清泓源环境科学技术有限公司)
and Mr. Mao Xu (毛旭) (the "Licensor" or -Supplier"), on the other hand, pursuant to which
Licensor granted PBG an exclusive license to commercialize and develop certain methods, products and supportive equipment on an
exclusive basis in the Designated Markets (as hereinafter defined) on the terms and subject to the conditions set forth in the
Original Agreement.

 

The
parties desire to amend selected terms and conditions of the Original Agreement in the manner set forth herein. Except as specifically
amended below, the Original Agreement remains in full force and effect.

 

This
Amendment To License and Supply Agreement was made as of June 22nd, 2017

 

ARTICLE
I 

 

1.10
“License Year” shall mean each fiscal year during the term of this Agreement commencing July 1 of that calendar year
and ending June 30 of the following calendar year.

  

1.11
“Net Revenues” means amounts actually received by PBG from the sale, license or other distribution of Licensed Products
in the Designated Markets for each License Year during the Term, net of (i) cash discounts, coupons, or rebates actually allowed
or granted; (ii) credits or allowances actually granted upon claims or returns; (iii) freight, loading and similar charges paid
for delivery; and (iv) taxes or other governmental charges levied on or measured by the amount invoiced by PBG.

 

1.12
“Quarter” shall mean each calendar quarter during the Term, commencing July 1, 2018.

  

ARTICLE
2 

 

2.02
 License Fee. (a) In consideration for the exclusive and irrevocable license granted
hereby, PBG shall pay to Licensor, a one-time license fee of USD one million ($1,000,000), no later than December 31, 202. During
the Term, PBG shall pay Licensor a royalty fee equal to one per cent (1%) of PBG’s Net Revenues. The royaly fee accrued
during any fiscal year of Licensee shall be paid in ninety (90) days after the fiscal year end.

 

ARTICLE
8

 

8.01
Term. The term of this Agreement shall commence as of April 3, 2017 and, unless terminated at an earlier date in accordance
with the terms of this Agreement, shall continue until the later of June 30, 2037 (the “Initial Term”) and the date
upon which the last of the Licensed Patents expire (the “Initial Term”); provided that the term of this Agreement
shall be automatically extended for additional successive one year terms thereafter (each, a “Renewal Term”), unless
not less ninety (90) days prior to the end of the Initial Term or any Renewal Term Licensor or PBG shall have given written notice
of termination to the other party, which notice shall specify the date of termination.

   

     

     

    

 

ARTICLE
10 LICENSE FEE REPORTS AND LICENSOR’S RIGHT OF INSPECTION

 

10.01
 Reports. Within ninety (90) days after the end of the fiscal year, Licensee shall
furnish or cause to be furnished to Licensor a written report showing: (i) Net Revenues of all Licensed Products during such License
Year; and (ii) the License Fee payable to Licensor for that year, which report shall be accompanied by the payment of the License
Fee payable for such year;

  

10.02 Licensor’s
Right of Inspection. Licensor shall have the right, at its own expense, to have an independent accountant to whom PBG has
no reasonable objection, examine the relevant books and records of account of PBG during normal business hours and no more than
once during each License Year, to verify the accuracy of the reports and to determine whether appropriate payment has been made
by PBG hereunder. PBG shall include in each sublicense granted by it pursuant hereto a provision requiring the Affiliate sublicensee
to keep and maintain records of sales made pursuant to such sublicense, and to grant access to such records to Licensor. If the
report of Licensor’s independent accountant shows an underpayment of royalties, PBG shall remit to Licensor the amount of
such underpayment, together with interest on the amount of such underpayment at the rate of 6% per annum, within thirty (30) days
after Licensor’s receipt of such report. If the report of Licensor’s independent accountant shows an underpayment
of more than five percent (5%) of the amounts due during the period covered thereby, PBG shall pay Licensor's reasonable fees
and expenses related to such audit.

 

10.03 Payments
on Sales outside the United States. Except as otherwise provided, any payments due hereunder on sales made by PBG outside
the United States shall be payable to Licensor in United States Dollars at the prevailing rate of exchange of the currency of
the country in which the sales are made (said exchange rate being taken as the rates published in the Wall Street Journal under
the caption “Currency Trading —— Exchange Rates” on the last business day of the calendar Quarter for
which the royalties are payable).

 

10.04 Withheld
Payment. Any sum required under United States tax laws or the tax laws of any other country, to be withheld by PBG from payments
for the account of Licensor, shall be promptly paid by PBG for and on behalf of Licensor to the appropriate tax authorities and
PBG shall furnish Licensor with official tax receipts or other appropriate evidence issued by the appropriate tax authorities
sufficient to enable Licensor to support a claim for income tax credit in respect of any sum so withheld.

 

10.05 Exchange
Rate not Ascertainable. During any period in which the exchange rate between the foreign currency in question and the United
States Dollar cannot be ascertained in accordance with this Article, payment of the applicable royalties shall be made at the
last ascertainable rate; provided, however, that within thirty (30) days after the rate of exchange is ascertainable, an adjustment
shall be made and Licensor, in its discretion, may elect to receive payment in the foreign currency in question or in any other
currency for which an exchange rate can be ascertained. The above notwithstanding, if the payment by PBG to Licensor in United
States Dollars or other currency is not permissible, such payment may be made by a deposit in the currency of the country where
the Net Revenues were generated to the credit and account of Licensor in any commercial bank or trust company of PBG choice in
that country; prompt notice of which shall be given to Licensor.

 

(Signatures
appear on the following page)

  

     

     

    

  

	Signatures
    page	 
	 	 
	PBG
    WATER SOLUTIONS INTERNATIONAL INC.	 
	 	 
	By:
    	/s/
    Roy Teng	 
	 	Roy
    Teng, Vice President	 
	 	 
	BEIJING
    QHY ENVIRONMENT S & T CO., LTD. 北京清泓源环境科学技术有限公司	 
	 	 
	By:
    	/s/
    Mao Xu	 
	 	Mao
    Xu, Director	 
	 	 
	 	/s/ Mao Xu	 
	 	Mr. Mao XuExhibit 10.3

 

CREDIT
LOAN AGREEMENT

 

THIS
CREDIT LOAN AGREEMENT (hereinafter, “the Agreement”) is entered into in New York, New York, the United States
of America (the “USA”), as of May 1, 2018 by and between the following Parties:

 

Party
A: Dragon & Tiger Holding Limited, a corporation organized and existing under the laws of Cayman Islands, having its business
address at Cayman Islands (hereinafter referred to as the “Lender”).

 

Party
B: PBG Water Solutions International Inc., (the “PBG”) a corporation organized and existing under
the laws of Nevada, USA, having its business address at New York, New York and Yakun International Investment and Holding Group
(the “Yakun”), a corporation organized and existing under the laws of Nevada, USA, having its business
address at New York, New York (hereinafter collectively referred to as the “Borrower”.)

 

(In
this Agreement, the aforesaid parties are hereinafter referred to individually as a “Party” and collectively
as the “Parties”.)

 

WHEREAS,

 

A.
Parties agree that Lender provides the loan to Borrower under this agreement.

 

B.
In order to define the rights and obligations of the Borrower and the Lender under relevant loan arrangements, the Parties hereby
agree as follows:

 

1.
Definitions

 

1.1
In this Agreement:

 

“Debt”
means the amount of loans which have not been repaid.

 

“Effective
Date” means the date on which this Agreement is duly executed by the Parties hereto.

 

“USD”
means United States Dollar

 

“Loan”
means the loan in USD or equivalent amount of foreign currency provided by the Lender to the Borrower.

 

“Repayment
Notice” has the meaning as provided in Article 5.

 

1.2
Any term referred to herein shall have the following meanings:

 

“Article”
shall, unless the context otherwise requires, be construed as a reference to a clause of this Agreement.

 

“Tax”
shall be construed so as to include any tax, levy, impost or other charge of a similar nature (including, without limitation,
any penalty or interest payable in connection with any failure to pay or any delay in paying any of the same).

 

The
“Lender” and the “Borrower” shall be construed so as to include their successors and assigns
as permitted by the Parties based on their respective interests.

 

1.3
Unless otherwise provided, any reference herein to this Agreement or any other agreement or document shall be construed as including
any amendments, variations, substitutions or supplements as are already made or may be from time to time made to this Agreement
or such other agreement or document, as the case may be.

 

     

     

    

 

1.4
The headings are for reference only.

 

1.5
Unless the context otherwise requires, the words importing the plural shall include the singular and vice versa.

 

2.
Credit of Loan

 

2.1
Party A agrees to provide the credit sum of USD500,000 or equivalent amount of foreign currency to Party B (“Agreed Credit
Sum”), that is, Party B is entitled to require USD500,000 or equivalent amount of foreign currency from Party A. Party B
has the right of applying Agreed Credit Sum.

 

2.2
As of the date of the Agreement, Party A has provided USD 198,730 loans, collectively, to Party B which shall be part of the credit
sum.

 

2.3
Under the Agreed Credit Sum, An Annual Interest Rate of 10% will be applied on the actual amount Party B receives. Interest shall
begin to accrue from the date of receipt of any advance, except that interest will begin to accrue from May 1, 2018, on the $198,730
already advanced. As additional compensation for the credit sum provided, Yakun shall issue to Party A a Three (3)-year cashless
warrant, which entitles Party A to purchase 50 million (50,000,000) shares of Yakun’s common stock at an exercise price
of $0.01 (the “Warrant”). The Warrant shall be issued in substantially the form attached hereto as Exhibit A. The
Warrant shall be issued on the date of execution of the Agreement.

 

3.
Use and Term of Loan

 

3.1
The term of the credit facility hereunder shall be Two (2) years, counted from the date of the Agreement.

 

3.2
The Borrower shall only use the Loan hereunder provided by the Lender for the payment of expenses needed for developing the Borrower’s
business and the expenses for being a listed company. Without the prior written consent of the Lender, the Borrower shall not
use any Loan for any purpose other than as specified herein.

 

3.3
The annual interest rate is 10% and shall be paid to the Lender in ninety (90) days after each fiscal year end of the Borrower.

 

4.
Granting of the Loan

 

After
receiving the written notice from the Borrower, the Lender shall transfer the loan within appropriate period but no more than
thirty (30) days.

 

5.
Repayment

 

The
Borrower may at any time serve a repayment application (hereinafter, the “Repayment Notice”) thirty (30) days
in advance to the Lender, notifying the repayment of the Debt in full or in part.

 

6.
Taxes

 

All
Taxes that may incur in connection with the Loan shall be borne by the Lender.

 

    	 	2	 

     

    

 

7.
Confidentiality

 

7.1
Regardless of the termination of this Agreement, the Borrower shall be obliged to keep in confidence the following information
(hereinafter collectively the “Confidential Information”):

 

(i)
the execution, performance and the contents of this Agreement; and (ii) the business secret, proprietary information and customer
information of the Lender known to or received by the Borrower in connection with the execution and performance of this Agreement.
The Borrower is only entitled to use such Confidential Information for the performance of its obligations hereunder. The Borrower
shall not disclose the above Confidential Information to any third party without the written permission of the Lender; otherwise
it shall be liable to the default liability and indemnify the losses of the Lender.

 

7.2
Upon termination of this Agreement, the Borrower shall, upon request by the Lender, return, destroy or otherwise dispose of all
the documents, materials or software containing the Confidential Information and cease to use such Confidential Information.

 

7.3
Notwithstanding any other provisions herein, the validity of this Article 7 shall survive the suspension or termination of this
Agreement.

 

8.
Notices

 

8.1
Any notice, request, demand and other correspondence required by or made in accordance with this Agreement shall be in writing
and delivered to the relevant Party.

 

8.2
Any of the aforementioned notices or other correspondence shall be deemed to have been given upon delivery when it is transmitted
by facsimile; or upon handover to the receiver when it is delivered in person, or on the fifth (5) day after posting when it is
delivered by mail.

 

9.
Defaulting Liabilities

 

9.1
The Borrower shall undertake to hold the Lender harmless and indemnify the Lender against any actions, charges, claims, costs,
damages, demands, expenses, liabilities, losses and proceedings which the Lender may suffer or be subject to as a result of any
default by the Borrower of its obligations hereunder.

 

9.2
Notwithstanding any other provisions herein, the validity of this Article shall survive the suspension or termination of this
Agreement.

 

9.3
The guarantor shall undertake the joint liability for the performance of the Borrower.in this Agreement.

 

10.
Miscellaneous

 

10.1
This Agreement shall be governed by, enforced, and construed under and in accordance with the laws of the United States of America
and, with respect to the matters of state law, with the laws of the State of Nevada.  Venue for all matters shall be
in New York, New York, without giving effect to principles of conflicts of law thereunder.  Each of the parties irrevocably
consents and agrees that any legal or equitable action or proceedings arising under or in connection with this Agreement shall
be brought exclusively in the federal courts of the United States. By execution and delivery of this Agreement, each party hereto
irrevocably submits to and accepts, with respect to any such action or proceeding, generally and unconditionally, the jurisdiction
of the aforesaid court, and irrevocably waives any and all rights such party may now or hereafter have to object to such jurisdiction.

 

10.2
Any rights, powers and remedies granted to the Parties by any provisions herein shall not preclude any other rights, powers and
remedies available to such Party in accordance with the laws and other provisions under this Agreement, and the exercise of its
rights, powers and remedies by a Party shall not preclude its exercise of its other rights, powers and remedies.

 

    	 	3	 

     

    

 

10.3
No failure or delay by a Party to exercise any of its rights, powers and remedies hereunder or in accordance with the laws (hereinafter,
the “Rights”) shall be construed as a waiver of such Rights, and the waiver of any single or partial Rights
shall not preclude its exercise of such Rights in any other way and its exercise of other Rights.

 

10.4
The headings herein contained are for reference only, and in no circumstances shall such headings be used for or affect the interpretation
of the provisions hereof.

 

10.5
Each provision contained herein shall be severable from and independent of other provisions, and if at any time one or more provisions
herein are held to be invalid, illegal or unenforceable, the validity, legality and enforceability of other provisions herein
shall not be affected as a result thereof.

 

10.6
Any amendments or supplements to this Agreement shall be in writing and shall become effective upon due execution by the Parties
hereto.

 

10.7
Except for the stipulation of this Agreement, the Borrower shall not assign any of its rights and/or obligations hereunder to
any third party without the prior written consent from the Lender, and the Lender is entitled to assign any of its rights and/or
obligations hereunder to any of its designated third parties upon notice to the Borrower.

 

10.8
This Agreement shall be binding on the legal successors of the Parties.

 

[THE
REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK]

 

    	 	4	 

     

    

 

(Signature
page)

 

IN
WITNESS WHEREOF, the Parties have caused this Credit Loan Agreement to be executed as of the date and in the place first set forth
above.

 

	Lender: Dragon & Tiger Holding Limited.
	 	 	 
	By:	/s/
    Roy Teng	 
	Name:	Roy
    Teng	 
	Title: 	Director 	 
	 	 	 
	借款人
    Borrower: PBG Water Solutions International Inc.
	 	 	 
	By:	/s/
Roy Teng	 
	Name:	Roy Teng	 
	Title:	Director	 
	 	 	 
	借款人
    Borrower: Yakun International Investment and Holding Group
	 	 	 
	By:	/s/
    Jin Siming	 
	Name:   	Jin Siming 	 
	Title:	Vice
    President 	 

 

 

5

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