Document:

Exhibit 10.16

 

Summary
Translation of Liquid Capital Loan Contract

 

Parties:

 

Zhejiang Tantech Bamboo Technology
Co. Ltd. (“Borrower”)

 

Bank of China Ltd. Lishui Branch
(“Lender”)

 

Amount of loan: 13,000,000 RMB (“Loan
Amount”)

 

Effective Date:

 

January 8, 2014

 

Loan period:

 

12 month, beginning from first
withdrawal date

 

Loan purpose:

 

Purchase of charcoal products

 

Loan interest rate:

 

Fixed annual interest of 6.9%.

 

Interest is calculated quarterly
on 20th day of the last month of each quarter and paid on 21st day of the last month of each quarter.

 

Withdrawal plan:

 

Borrower shall withdraw entire
Loan Amount within 5 days after Effective Date

 

Repayment plan:

 

Loan Amount will be due in full
by the January 7, 2015.

 

Guarantee: 

 

		Ø	Joint liability by Zhejiang Tantech Bamboo Technology Co. Ltd.

 

		Ø	Personal joint liability from Dexian Zhang

 

		Ø	Personal joint liability from Zhengyu Wang

 

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Other:

 

In case of business need, the
rights and duties of the Lender incurred from the aforesaid contract may be assigned to other institutions of Bank of China Ltd.,
or the loan business of the aforesaid contract may be taken over and managed by the other institutions of Bank of China Ltd.

 

    	2Exhibit 10.17

 

Summary
Translation of Maximum Mortgage Contract

 

Parties:

 

Zhejiang Tantech Bamboo Technology
Co. Ltd. (“Mortgagor”; in loan agreements, “Borrower”)

 

Bank of China Ltd. Lishui Branch
(“Mortgagee”)

 

Effective Dates:

 

January
29, 2013

 

Main contract:

 

Mortgage arises from “Liquid
Capital Loan Contract” between the two parties dated January 14, 2013. Mortgage also incorporates all contracts regarding
loan, trade and financing, guarantee, funding business and other credit giving business, and their modification or supplement signed
by the above two parties from January 29, 2013 to July 29, 2014.

 

Guarantee period:

 

Guarantee covers debt incurred
between the above parties before the date of the Mortgage and in contracts arising from January 29, 2013 to July 29, 2014.

 

Maximum amount of debt covered:

 

The maximum amount of debt (principal)
covered by the mortgage is RMB 20 million, including any interest of principal, penalty, liquidated damage, damage caused by Borrower,
and other fees.

 

Collateral:

 

The collateral in this contract
may be kept and occupied by Mortgagor, but title will be kept by Mortgagee.

 

Guarantee duty:

 

If Borrower does not pay back
the debt before or on due date in the main contract, Mortgagee has the right to foreclose the collateral according to the maximum
amount in the contract in priority.

 

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Foreclosure:

 

In the event of foreclosure under
the Mortgage, Mortgagee has the right to negotiate with Mortgagor to convert the estate under mortgage into money, auction of estate
under mortgage, or sell off estate under mortgage. After foreclosure, the sale proceeds go first to satisfying the debt. If the
parties cannot reach an agreement, Mortgagor has the right to apply to court to sell property off or on auction.

 

Attachment: Collateral list

 

(1) Property: 12,738.79 square
meters building (No.888, Tianning Street, Tianning Industry District, Liandu District). Stated value is RMB 16,200,000.

 

(2) Land usage right: 7,426.29
square meters land (No.888, Tianning Street, Tianning Industry District, Liandu District). Stated value is RMB 3,800,000.

 

    	2Exhibit 10.18

 

Summary
Translation of Fixed Assets Loan Contract

 

Parties:

 

Zhejiang Tantech Energy Technology
Co. Ltd. (“Borrower”)

 

Shanghai Pudong Development Bank
Co. Ltd. Lishui Branch (“Lender”)

 

Amount of loan:

 

25,000,000 RMB

 

Effective Date:

 

April 14, 2010

 

Loan period:

 

April 14, 2010 –
April 13, 2014

 

Loan purpose:

 

General: Fixed asset investment

 

Detailed: Project construction
and purchasing equipment. Money will be used to industrialize production of up to 3,000 tons per year of bamboo charcoal electrode
material for supercapacitor.

 

Loan interest rate:

 

Loan interest rate was set according
to the announcement from People’s Bank of China, using same period and same level loan rate of year as criteria float to
10%. At the time of signing the contract, interest rate was 6.336%. The loan interest rate will be adjusted on January 1 every
year.

 

Loan interest will be settled
quarterly, on the 20th of the last month of each quarter.

 

Withdraw plan:

 

RMB 25,000,000 will be withdrawn
on April 14, 2010

 

Repay plan:

 

RMB 25,000,000 will be due on
April 13, 2014.

 

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Guarantee: 

 

Zhejiang Tantech Bamboo Technology
Co. Ltd.

 

Forasen Group Co. Ltd.

 

Ms. Yefang ZHANG

 

Mr. Zhengyu WANG

 

Mortgagor:

 

Zhejiang Tantech Energy Technology
Co. Ltd.

 

Insurance:

 

Debtor should, according to the
requirement of the creditor, purchase specified insurance policy from the insurance company specified by the creditor, and list
the creditor as the beneficiary or the insured.

 

Other:

 

Zhejiang Tantech Energy Technology
Co. Ltd. will offer collateral property for the credit authorization business with Shanghai Pudong Development Bank Co. Ltd. Lishui
Branch for up to RMB 81,270,000 (principal), from April 8, 2010 to September 10, 2011.

 

The property they will offer
as collateral for mortgage is (a) project in construction.

 

    	2Exhibit 10.19

 

Summary
Translation of Maximum Mortgage Contract

 

Parties:

 

Zhejiang Tantech Energy Technology
Co. Ltd. (“Mortgagor”; as to loan agreements, “Borrower”)

 

Shanghai Pudong Development
Bank Co. Ltd. Lishui Branch (“Mortgagee”)

 

Effective Date:

 

June 25, 2012

 

Guarantee Method:

 

Mortgagor has granted Mortgage
a first priority mortgage to the collateral property.

 

Insurance:

 

Mortgagor is required, according
to the requirement of the mortgagee, to purchase specified insurance policy for the collateral property from the insurance company
specified by the Mortgagee within five days after the signature date of this agreement, and list the mortgagee as the beneficiary
or the insured.

 

Guaranteed Debt:

 

All the debts existing as of
June 25, 2012 or arising between June 25, 2012 and 2015 in connection with financing services. The amount of debt covered by the
mortgage shall be no more than RMB 62,370,000.

 

Description of Property:

 

The collateral property is a
32,776.34 square meters building in Lishui city, owned by Zhejiang Tantech Energy Technology Co. Ltd. and used for industry and
dorms. Stated value is RMB 62,370,000.

 

    	1exhibit1001.htm

IRREVOCABLE WAIVER

This IRREVOCABLE WAIVER (this “Waiver”), dated as of September 12, 2014, is made and entered into by MVP Realty Advisors, LLC (the “Advisor”) in favor of MVP REIT, Inc. (the “Company”).

RECITALS

WHEREAS, the Company has engaged the Advisor as its advisor pursuant to the terms and conditions set forth in an advisory agreement between the Company and the Advisor (as amended from time to time prior to the date hereof, the “Advisory Agreement”);

 

 

WHEREAS, pursuant to the Advisory Agreement, including Section 17.6 thereof, the Advisor desires to waive certain rights with respect to the Convertible Shares under Section 8.5 of the Advisory Agreement and the Charter as set forth in this Waiver.

AGREEMENT

NOW, THEREFORE, in consideration of the mutual covenants herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Advisor agrees to the following waivers in favor of the Company:

1. Incorporation of Recitals; Definitions; Effectiveness of Waivers.

 

1.1 Recitals.  The Recitals are incorporated herein by reference.

 

1.2 Definitions.  Capitalized terms used herein and not otherwise defined shall have the respective meanings ascribed to them as set forth in the Advisory Agreement.

 

2. Convertible Shares.   Effective as of the date hereof, the Advisor hereby irrevocably waives its rights under Section 8.5 of the Advisory Agreement and the Charter to convert the Convertible Shares into shares of common stock of the Company (the “Common Shares”) automatically upon the termination or non-renewal of the Advisory Agreement (other than for “Cause” as defined in the Advisory Agreement).  From and after the date hereof, a termination or non-renewal of the Advisory Agreement will not automatically result in the conversion of the Convertible Shares into Common Shares unless, at the time of such termination or non-renewal, one of the other events triggering conversion of the Convertible Shares also shall have occurred.  After giving effect to this Waiver, the Convertible Shares will convert into Common Shares if and when:

 

(a)  the Company has made total distributions on the then outstanding Common Shares equal to the invested capital attributable to those shares plus a 6.00% cumulative, non-compounded, annual pre-tax return on such invested capital; or

 

(b) (i) the Company lists the Common Shares for trading on a national securities exchange and (ii) the sum of the aggregate market value of the issued and outstanding Common Shares plus total distributions exceeds the aggregate capital contributed by investors plus an amount equal to a 6% cumulative, pre-tax non-compounded annual return to investors; or

 

(c) the Advisory Agreement is terminated or not renewed, but only if at the time of such termination or non-renewal, the requirements for conversion set forth in either of the immediately preceding clause (a) or (b) also shall have been satisfied.

 

 

 

 

3. Miscellaneous.

 

3.1 Effect of Waiver.  Except as set forth expressly herein, all terms of the Advisory Agreement shall be and remain in full force and effect.

 

3.2 Binding Nature.  This Waiver shall be binding upon and inure to the benefit of the parties hereto, their respective successors, successors-in-titles, and assigns.

 

IN WITNESS WHEREOF, this Waiver has been duly executed and delivered by the Advisor in favor of the Company as of the day and year set forth below.

ADVISOR:

MVP Realty Advisors, LLC

/s/ Michael V. Shustek

By:  Michael V. Shustek

Title: Manager

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