Document:

Exhibit 10.11

 

Loan Extension Contract 

 

Party A (Lender): Daqing Industrial and Commercial
Investment Co., Ltd

Legal Representative: Chen Jun

 

Party B(Borrower): Heilongjiang TYALS Co.,
Ltd

Legal Representative: Wang Yuhu

 

Whereas, the Loan Contract signed by
the two parties below dated April 13, 2009 has expired; Party B has applied for extending the term of the Contract and Party A
agrees to extend the Contract after reviewing such application;

 

Now therefore, the two parties, based
on the principle of equality and consultations, agree as follows:

 

Article 1     The amount relating to such extension
is RMB 8 million.

 

Article 2     The term extended shall be one
(1) year, from April 13, 2010 to April 13, 2011.

 

Article 3     Party A will collect a sum of
management cost with regard to the amount regarding the extension in accordance with the loan management measures of Party A. Such
management cost is 3% of the amount regarding extension, i.e., RMB 240,000 in total. Party B shall pay the management cost in a
lump sum within three (3) days of the execution of the Loan Contract.

 

Article 4     Where the extended term expires,
Party B shall repay the loan; otherwise the term will no longer be extended.

 

Article 5     Special agreement

Party B agrees to use its newly- built plant
with an area of 1,500 square meters as a pledge for the extending the term of the loan. Party B shall provide Party A with the
related certificates and pledge registration formalities in respect of the pledged plant in accordance with the stipulations of
the pledge Contract. In case of breach of the agreement, Party A is entitled to take possession of Party B’s plant.

 

Article 6    Events of default

Any of the following circumstances will constitute
an event of default as referred to in this Article:

		1.	The Borrower appropriated the loan;

		2.	The loan is used for any other purpose rather than that as agreed by the two parties;

		3.	The Borrower fell into arrears with principal;

 

    	 

    	 

    

 

		4.	The Borrower committed any act against laws;

		5.	The legal representative of the Borrower contravened criminal law and will be subject to criminal
sanction.

 

Article 7    In case of breach of the agreement
by Party B, Party A is entitled to take the following actions:

To declare the principal of the loan under
the Contract to be due in advance and require the Borrower to immediately repay such principal or take any other remedies as provided
for by laws and regulations.

 

Article 8    Liabilities for breach

In the event that the Borrower fails to repay
the principal of the loan in full and/or on time or there is any event of default, Party A may require Party B to pay a sum of
penalty at the rate of 0.5% on a daily basis and recover all the losses, which include but without limitation to penalty, legal
cost, attorney’s fees, etc.

 

Article 9    Other provisions

		1.	Any dispute arising out of the Contract shall be subject to the jurisdiction of the People’s
Court of Sa Er Tu District, Daqing.

		2.	The Pledge Contract referred to herein and the documents and data confirmed by the two parties
shall constitute an integral part of the Contract.

		3.	The Contract shall be executed in duplicate and each party shall hold one copy respectively.

 

Party A (Lender): Daqing Industrial and Commercial
Investment Co., Ltd

(Seal)

Legal Representative:

(Signature/seal)

 

Party B(Borrower): Heilongjiang TYALS Co.,
Ltd

(Seal)

Legal Representative:

(Signature/seal)

 

Date of signature: April 15, 2010

Place of signature: Daqing Industrial and Commercial
Investment Co., Ltd

 

    	 

    	 

    

 

Loan Contract

 

Party A (Lender): Daqing Industrial and Commercial
Investment Co., Ltd

Legal Representative: Shi Rongyao

 

Party B (Borrower): Heilongjiang TYALS Co.,
Ltd

Legal Representative: Wang Yuhu

 

To provide support for Party B’s aluminum
veneer PVDF coating manufacturing project and the listing of Party B, the two parties reach the following agreement with regard
to the matters concerning Party A’s provision of loan to Party B based on the principle of friendly consultation, equality
and free will with the reference to the instructions dated April 2, 2009 of Xia Lihua and Ren Guisheng, mayor and deputy major
in charge of this industry of Daqing.

 

Article 1     Party A agrees to provide a sum
of monetary fund with the amount of RMB 8 million to Party B.

 

Article 2     The term of the loan shall be
one (1) year, from April 13, 2009 to April 12, 2010.

 

Article 3     The loan shall only be used for
the aluminum veneer PVDF coating manufacturing project for purchasing equipment and constructing plant and shall not be used for
any other purpose.

 

Article 4     Party A shall inspect the application
of the loan from time to time. Based on Party B’s requirements for funds, Party B shall provide Party A with the equipment
purchase contract for Party A to confirm the authenticity and validity of the contract and the conformity between the subject matter
and its contract price. Party B shall not make any payment without Party A’s confirmation. The payer name and the amount
must be in line with those set forth in the Contract. Where the equipment is delivered, Party A and Party B shall jointly examine
and accept such equipment. With regard to the construction of plan, Party B shall provide Party A with the construction and budget
contract of the bid-winner. The application of funds shall not exceed the budget. If the funds actually used exceed the budget
at the time of project settlement, the exceeded part shall be solely borne by Party B. In case of surplus funds, such funds can
be used as working capital.

 

Article 5     In order to ensure the safety
of Party A’s funds, the plant, as soon as it is recognized as assets, shall be pledged to Party A together with the equipment
purchased for the project.

 

Article 6     Party B promises to be able to
being listed in 2009 and the first sum of funds it will raise by listing shall be used to repay Party A.

 

    	 

    	 

    

 

Article 7     Party A has the right to require
Party B to provide the information regarding the progression of the project based on the requirements of funds management. Party
B shall provide Party A with its financial statements on a quarterly basis and shall provide active assistance in this regard.

 

Article 8     Where the loan term expires, Party
B shall pay Party A the principal under the Contract in full and on time.

 

Article 9     Events of default

Any of the following circumstances will constitute
an event of default as referred to in this Article:

		1.	The Borrower appropriated the loan;

		2.	The loan is used for any other purpose rather than that as agreed by the two parties;

		3.	Party B refuses to cooperate with Party A in funds inspection;

		4.	Party B fails to use the funds as required in Article 4 of the Contract;

		5.	The Borrower fell into arrears with principal;

		6.	The Borrower committed any act against laws;

		7.	The legal representative of the Borrower contravened criminal law and will be subject to criminal
sanction.

 

In case of breach of the agreement by Party
B, Party A is entitled to take the following actions:

To declare the principal of the loan under
the Contract to be due in advance and require the Borrower to immediately repay such principal or take any other remedies as provided
for by laws and regulations.

 

Article 10     Liability for breach

In the event that the Borrower fails to repay
the principal of the loan in full and/or on time or there is any event of default, Party A may require Party B to pay a sum of
penalty at the rate of 0.5% on a daily basis and recover all the losses, which include but without limitation to penalty, legal
cost, attorney’s fees, etc.

 

Article 11     Other provisions

		1.	The invalidity of partial provisions of the Contract will not affect the validity of the remainder
of the Contract.

		2.	Any dispute arising out of the Contract shall be subject to the jurisdiction of the People’s
Court of Sa Er Tu District, Daqing.

		3.	The Loan Note referred to herein and the documents and data confirmed by the two parties shall
constitute an integral part of the Contract.

		4.	The Contract shall be executed in sextuplicate and each copy has the same legal force.

 

    	 

    	 

    

 

Article 12     Miscellaneous

__________________________________________________________________________________________________________________________________________

__________________________________________________________________________________________________________________________________________

__________________________________________________________________________________________________________________________________________

 

Party A (Lender): Daqing Industrial and Commercial
Investment Co., Ltd

(Seal)

Legal Representative:

(Signature/seal)

 

Party B (Borrower): Heilongjiang TYALS Co.,
Ltd

(Seal)

Legal Representative:

(Signature/seal)

 

Date of signature: April 13, 2009

 

    	 

    	 

    

 

Loan Extension Contract

 

Party A (Lender): Daqing Industrial and Commercial
Investment Co., Ltd

Legal Representative: Chen Jun

 

Party B(Borrower): Heilongjiang TYALS Co.,
Ltd

Legal Representative: Wang Yuhu

 

Whereas, the Loan Extension Contract
signed by the two parties dated April 15, 2010 has expired; Party B has applied for extending the term of the Contract and Party
A agrees to extend the Contract after reviewing such application;

 

Now therefore, the two parties, based
on the principle of equality and consultations, agree as follows:

 

Article 1     The amount relating to such
extension is RMB 8 million.

 

Article 2     The term extended shall be
one (1) year, from April 13, 2011 to April 13, 2012.

 

Article 3     Party A will collect a sum
of management cost with regard to the amount for term extension in accordance with the loan management measures of Party A. Such
management cost is 3% of the amount regarding extension, i.e., RMB 240,000 in total. Party B shall pay the management cost in a
lump sum within three (3) days of the execution of the Loan Contract.

 

Article 4     Where the extended term expires,
Party B shall repay the loan; otherwise the term will no longer be extended.

 

Article 5     Special agreement

Party B agrees to use its newly- built plant
with an area of 1,500 square meters as a pledge for the extending the term of the loan. Party B shall provide Party A with the
related certificates and pledge registration formalities in respect of the pledged plant in accordance with the stipulations of
the pledge Contract. In case of breach of the agreement, Party A is entitled to take possession of Party B’s plant.

 

Article 6     Events of default

Any of the following circumstances will constitute
an event of default as referred to in this Article:

		1.	The Borrower appropriated the loan;

		2.	The loan is used for any other purpose rather than that as agreed by the two parties;

		3.	The Borrower fell into arrears with principal;

		4.	The Borrower committed any act against laws;

 

    	 

    	 

    

 

		5.	The legal representative of the Borrower contravened criminal law and will be subject to criminal
sanction.

 

Article 7     In case of breach of the agreement
by Party B, Party A is entitled to take the following actions:

To declare the principal of the loan under
the Contract to be due in advance and require the Borrower to immediately repay such principal or take any other remedies as provided
for by laws and regulations.

 

Article 8     Liabilities for breach

In the event that the Borrower fails to repay
the principal of the loan in full and/or on time or there is any event of default, Party A may require Party B to pay a sum of
penalty at the rate of 0.5% on a daily basis and recover all the losses, which include but without limitation to penalty, legal
cost, attorney’s fees, etc.

 

Article 9     Other provisions

		1.	Any dispute arising out of the Contract shall be subject to the jurisdiction of the People’s
Court of Sa Er Tu District, Daqing.

		2.	The Pledge Contract referred to herein and the documents and data confirmed by the two parties
shall constitute an integral part of the Contract.

		3.	The Contract shall be executed in duplicate and each party shall hold one copy respectively.

 

Party A (Lender): Daqing Industrial and Commercial
Investment Co., Ltd

(Seal)

Legal Representative:

(Signature/seal)

 

Party B (Borrower): Heilongjiang TYALS Co.,
Ltd

(Seal)

Legal Representative:

(Signature/seal)Exhibit 10.12

 

Conversion Agreement

 

Party A: Heilongjiang TYALS Co., Ltd

Party B: Daqing Industrial and Commercial Investment
Co., Ltd

 

Whereas Party A is making preparations for
being listed in the New Third Board market and Party A and Party B agree to convert the creditor’s rights owned by Party
B against Party A for equities based on consultations and consensus, and the two parties agree as follows with a view to reducing
Party A’s debt burden and safeguarding the legal rights and interests of the two parties.

 

Article 1     Confirmation of creditor’s
rights

The two parties confirm that the creditor’s
rights of Party B against Party A as of May 20, 2009 is RMB 750,000 (Seven hundred and fifty thousand Yuan only) under the Agreement
on the Investment into Heilongjiang TYALS Co., Ltd. dated March 30, 2006.

 

Article 2    Confirmation of the total amount
to be converted to equities

The total amount of the creditor’s rights,
RMB 750,000, shall be completely converted to equities. As soon as the Agreement herein takes effect, the rights and obligations
of the two parties under the original contract terminates and all Party B’s creditor’s rights, RMB 750,000 in total,
will be used to subscribe the shares issued by Party A.

 

Article 3    Determination of price and
means of buying shares

The price for Party B to buy shares shall be
based on the first quotation of Party A after being listed on the New Third Board market. For example, if the first quotation is
RMB 2, the total equity of Party A shall be divided into 375,000 shares.

 

The shares shall be issued to specific subscribers,
i.e., Party B. The filing formalities for the additional issuance of shares shall be launched thirty (30) days after being listed
and the related files shall be submitted to Securities Association of China for filing within sixty (60) days after being listed.
Party B shall provide cooperation in preparing the files.

 

Article 4    Equity rights

Party B shall have the rights and perform the
obligations provided for by the Company Law and specified in the Articles of Association after being a shareholder of the Party
A. The shareholder’s rights enjoyed by Party B include but without limitation to obtain dividends and exercise voting rights
based on the principle that each share in the same class must have the same rights and receive the same interests.

Party B may also transfer its shares in accordance
with the rules of China Securities Regulatory Commission, Securities Association of China, Shenzhen Stock Exchange, China's securities
registration and settlement Co., Ltd Shenzhen Branch.

 

    	 

    	 

    

 

Article 5    Liability for breach

In the event that any of the two parties fails
to perform or inadequately performs the obligations under the Agreement, the breaching party shall take the corresponding liabilities
in accordance with the stipulations of the Agreement and the Contract Law of the People’s Republic of China.

 

Article 6    Dispute resolution and applicable
law

		1.	The formulation, performance and interpretation and dispute resolution of the Agreement shall be
governed by the laws of the People’s Republic of China.

		2.	In case of any dispute in connection with the Agreement or the performance of the Agreement, the
two parties herein shall first settle the dispute based on consultations. Should the consultation fail, any of the two parties
may file an action before the people’s court with jurisdiction. Nevertheless, the two parties shall continue to perform the
other undisputed provisions of the Agreement.

 

Article 7    Other provisions

		1.	The failure of any party hereto to exercise its rights under the Agreement shall not operate as
a waiver thereof and shall not preclude the further exercise of any other rights.

		2.	Where any provision of the Agreement is, in whole or in part, invalid or unenforceable, whatever
the reason is, or is against any applicable laws, such provision shall be deemed as being deleted; provided, however, that the
reminder of the agreement shall still be binding if they are without prejudice to the purpose of the Agreement.

 

Article 8    Matters not specified

The contents herein to be adjusted or other
matters not specified herein shall be determined by the two parties based on consultations.

 

Article 9    Effectiveness of the contract

The Agreement shall be executed in quadruplicate.
Party A and Party B shall hold two copies respectively. And the Agreement shall take effect after it is duly executed by the representatives
of the two parties with their common seals affixed hereto.

 

(Remainder of Page Intentionally Left Blank)

 

    	 

    	 

    

 

Party A: Heilongjiang TYALS Co., Ltd

(Seal)

Legal Representative:

Date: May 20, 2009

 

 

Party B: Daqing Industrial and Commercial Investment
Co., Ltd

(Seal)

Legal Representative:

Date: May 20, 2009

 

    	 

    	 

    

 

Supplementary Agreement on Conversion Agreement

 

Party A: Heilongjiang TYALS Co., Ltd

Party B: Daqing Industrial and Commercial Investment
Co., Ltd

 

In accordance with the Conversion Agreement
signed by the two parties on May 20, 2009, Party A and Party B confirmed that the creditor’s rights of Party B against Party
A as of May 20, 2009 is RMB 750,000 (Seven hundred and fifty thousand Yuan only), whereby Party B will buy Party A’s shares
issued on the New Third Board market. On March 8, 2010, seven ministries and commissions jointly issued Interim Measures for the
Administration of Financing Guarantee Companies and thus Party B is no longer to be qualified to buy the shares issued by Party
A on the New Third Board market. Based on the consultation of the two parties, Party B will not buy Party A’s equities and
continue to enjoy the creditor’s rights with the amount of RMB 750,000 against Party A. The two parties hereby make a new
agreement as follows:

 

		1.	The term of the loan is from April 1, 2009 to March 31, 2012.

		2.	Collection of management fee. No interest cost will be collected for the first two years and 5%
management cost will be collected for the last year. Party A shall pay RMB 37,500 to Party B as management cost within three (3)
days after executing the Agreement. In case of default by Party A, Party B is entitled to require Party A to immediately liquidate
all of the creditor’s rights of Party B.

		3.	The Supplementary Agreement shall take effect after it is executed and sealed by the two parties.

		4.	The Agreement shall be executed in duplicate. Party A and Party B shall hold one copy respectively,
which shall have the same legal effect.

 

	Party A:	Party B:
	Heilongjiang TYALS Co., Ltd	Daqing Industrial and Commercial Investment Co., Ltd
	(Seal)	(Seal)
	Legal Representative:	Legal Representative:
	 
	Date: July 14, 2011

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