Document:

Exhibit 10.9

 

INDEMNIFICATION ESCROW AGREEMENT

 

This
INDEMNIFICATION ESCROW AGREEMENT (this “Agreement”) dated as of [●], 2017 is entered into by and among
Newater Technology, Inc. (the “Company”), ViewTrade Securities, Inc. (the “Placement Agent”),
and Pearlman Schneider LLP (the “Escrow Agent”).

 

WITNESSETH:

 

WHEREAS,
the Company is offering (the “Offering”) on a best efforts, all-or-none basis to certain investors a offering
amount of 1,600,000 common shares of the Company, par value $0.001 (the “Shares”) at an offering price of $5.00
per share;

 

WHEREAS,
the Company and Placement Agent expect that the Offering will close on or before the close of business on [●], 2017 (collectively,
the “Closing Date”);

 

WHEREAS,
upon the closing of the Offering, the Company has agreed to deposit an aggregate amount of Five Hundred Thousand Dollars ($500,000)(the
“Escrowed Funds”) from the proceeds of the Offering to be received by the Company with the Escrow Agent in
a non-interest bearing escrow account, to be held, invested and disbursed by the Escrow Agent pursuant to the terms and conditions
of this Agreement;

 

WHEREAS,
the Escrow Agent is willing to hold the Escrowed Funds and Investment Gain Funds (as such term is defined below) in escrow pursuant
to and subject to the terms and conditions of this Agreement; and

 

NOW,
THEREFORE, in consideration of the mutual promises herein contained and intending to be legally bound hereby, the parties hereto
hereby agree as follows:

 

	 	1.	Appointment
    of Escrow Agent. The Company and the Placement Agent hereby appoint the Escrow Agent as escrow agent in accordance with
    the terms and subject to the conditions set forth herein and the Escrow Agent hereby accepts such appointment.

 

	 	2.	Delivery
    of the Escrowed Funds. Upon the closing of the Offering, the Escrowed Funds shall be delivered on behalf of the Company
    to the Escrow Agent, as escrow agent into a non-interest bearing escrow account maintained by the Escrow Agent (the “Escrow
    Account”) by wire transfer in accordance with the wire transfer instructions set forth on Schedule A hereto.
    In no event shall the aggregate amount of Escrowed Funds delivered to the Escrow Account be less than Five Hundred Thousand
    Dollars ($500,000).

 

	 	3.	Escrow
    Agent to Hold and Disburse the Escrowed Funds and Investment Gain Funds. The Escrow Agent will retain the Escrowed Funds
    and Investment Gain Funds in an escrow account and disburse the Escrowed Funds and Investment Gain Funds pursuant to the terms
    of this Agreement, as follows:

 

a. The
Escrowed Funds shall be held by the Escrow Agent for the purpose of satisfying the initial $500,000 of the indemnification obligations
of the Company, with respect to the Escrowed Funds, pursuant to Section 2 of the Placement Agency Agreement dated [●], 2017
by and between the Company and the Placement, for a period of two (2) years from the closing of the Offering. Disbursement of
such Escrowed Funds and Investment Gain Funds shall be determined by an independent third-party trustee, to be chosen by mutual
consent of the Company and Placement Agent.

 

    	 	1	 

     

    

 

b. Notwithstanding
the last sentence of the prior paragraph, in the event that any litigation or proceeding arising out of any matter in connection
with the Offering in connection to the Placement Agent acting in its capacity as placement agent within two (2) years following
the Closing Date and in which the Company, the Placement Agent, the Escrow Agent or the Escrowed Funds becomes the subject of
such litigation or proceeding, the Placement Agent and the Company hereby authorize the Escrow Agent, at the Placement Agent’s
sole instruction upon Placement Agent’s written notice to the Escrow Agent if not otherwise so required, to release and
deposit the Escrowed Funds with the clerk of the court in which the litigation is pending for the purpose of indemnifying and
defending the Placement Agent in such litigation and proceeding, and thereupon the Escrow Agent shall be relieved and discharged
of any further responsibility with regard thereto to the extent determined by any such court. The Company and the Placement Agent
further hereby authorize the Escrow Agent, if it receives conflicting claims to any of the Escrowed Funds, is threatened with
litigation in its capacity as escrow agent under this Agreement, or if the Escrow Agent determines it is necessary to do so for
any other reason relating to this Agreement or the Offering, to interplead all interested parties in any court of competent jurisdiction
and to deposit the Escrowed Funds with the clerk of that court and thereupon the Escrow Agent shall be relieved and discharged
of any further responsibility hereunder to the parties from which they were received to the extent determined by such court.

 

c. Upon
instruction of the Company, the Escrow Agent may invest the Escrowed Funds during the term of the Agreement as follows:

 

i.The
Escrowed Funds may be invested in issuers listed on U.S. national securities exchanges; provided that (1) no investments may be
made in the Company’s securities; (2) no more than 20% of the Escrowed Funds may be invested in one issuer; (3)no more
than 50% invested in issuers that have; (A) a market capitalization of less than $1.0 billion; (B) have been public for less than
two years; and (C) have less than $1.0 million in average daily volume for last 30 days.

 

ii.In
the event the aggregate value of the Escrowed Funds plus the Investment Gain Funds in the Escrow Account decreases to less than
81% of the original amount ($500,000) of Escrowed Funds (“Minimum Equity”) for more than 20 consecutive trading days
the Company shall promptly (but no later than 10 calendar days following the 20 consecutive trading days following the decrease
of less than 81%) add funds to the Escrow Account to maintain the Minimum Equity.

 

iii.Upon
the account reaching Minimum Equity, the Company may not open any additional positions until the account is above the Minimum
Equity.

 

iv.As
soon as possible after the Closing, the Escrow Agent shall establish a brokerage account in the Company’s name with a FINRA
registered broker-dealer chosen by the Company and reasonably satisfactory to the Placement Agent (the “Escrow Broker”).
All proposed transactions will be submitted by the Company in writing to the Placement Agent with a confirmation by the Company
that such transaction(s) meet the criteria set forth in Sections 3(c)(i)-(iii). The Placement Agent will have two business days
after receipt to review the submission. Unless the Placement Agent disagrees in writing that the transaction(s) meet the criteria
set forth in Section 3(c)(i)-(iii) prior to the end of the second business day after receipt of the written submission by the
Company, the Company may submit the transaction request to the Escrow Agent for submission to the Escrow Broker with a copy to
the Placement Agent. The Escrow Agent shall instruct the Escrow Broker to submit confirmations of all transactions to the Escrow
Agent, the Company and the Placement Agent.

    	 	2	 

     

    

 

v.All
income derived from the investments pursuant to this Section 3(c) in excess of the Escrowed Funds (“Investment Gain Funds”)
shall be disbursed to the Company provided in the manner of Section 3(a) of this Agreement, provided that to the extent Investment
Gain Funds exceed $50,000 in excess of the Minimum Equity, the Company shall be permitted to request a disbursement of such excess
funds in an amount of no less than $50,000 on March 31, June 30, September 30 or December 31 of any year during the term of this
Agreement prior to the two year period set forth in Section 3(a).

 

	 	4.	Exculpation
    and Indemnification of Escrow Agent.

 

a. The
Escrow Agent shall have no duties or responsibilities other than those expressly set forth herein. The Escrow Agent shall have
no duty to enforce any obligation of any person to make any payment or delivery, or to direct or cause any payment or delivery
to be made other than as set forth herein, or to enforce any obligation of any person to perform any other act. The Escrow Agent
shall be under no liability to the other parties hereto or anyone else, by reason of any failure, on the part of any party hereto
or any maker, guarantor, endorser or other signatory of a document or any other person, to perform such person’s obligations
under any such document. Except for amendments to this Agreement referenced below, and except for written instructions given to
the Escrow Agent by the Company and the Placement Agent relating to the Escrowed Funds, the Escrow Agent shall not be obligated
to recognize any agreement between or among any of the Company and the Placement Agent, notwithstanding that references thereto
may be made herein and the Escrow Agent has knowledge thereof.

 

b. The
Escrow Agent shall not be liable to the Company, the Placement Agent, or to anyone else for any action taken or omitted by it,
or any action suffered by it to be taken or omitted, in good faith and acting upon any order, notice, demand, certificate, opinion
or advice of counsel (including counsel chosen by the Escrow Agent), statement, instrument, report, or other paper or document
(not only as to its due execution and the validity and effectiveness of its provisions, but also as to the truth and acceptability
of any information therein contained), which is reasonably believed by the Escrow Agent to be genuine and to be signed or presented
by the proper party or parties hereunder. The Escrow Agent shall not be bound by any of the terms thereof, unless evidenced by
written notice delivered to the Escrow Agent signed by the proper party or parties hereunder and, if the duties or rights of the
Escrow Agent are affected, unless it shall give its prior written consent thereto.

 

c. The
Escrow Agent shall not be responsible for the sufficiency or accuracy of the form, or of the execution, validity, value or genuineness
of, any document or property received, held or delivered to it hereunder, or of any signature or endorsement thereon, or for any
lack of endorsement thereon, or for any description therein; nor shall the Escrow Agent be responsible or liable to the Company,
the Placement Agent, or to anyone else in any respect on account of the identity, authority or rights, of the person executing
or delivering or purporting to execute or deliver any document or property or this Agreement. Except as otherwise set forth herein,
the Escrow Agent shall have no responsibility with respect to the use or application of the Escrowed Funds pursuant to the provisions
hereof.

 

    	 	3	 

     

    

 

d. The
Escrow Agent shall have the right to assume, in the absence of written notice to the contrary from the proper party or parties
hereunder, that a fact or an event, by reason of which an action would or might be taken by the Escrow Agent, does not exist or
has not occurred, without incurring liability to the Company, the Placement Agent, or to anyone else for any action taken or omitted
to be taken or omitted, in good faith and in the exercise of its own best judgment, in reliance upon such assumption.

 

e. To
the extent that the Escrow Agent becomes liable for the payment of taxes, including withholding taxes, in respect of the Investment
Gain Funds, or any payment made hereunder, the Escrow Agent may pay such taxes from the Escrowed Funds; and the Escrow Agent may
withhold from any payment of the Escrowed Funds and Investment Gain Funds such amount as the Escrow Agent estimates to be sufficient
to provide for the payment of such taxes not yet paid, and may use the sum withheld for that purpose. The Escrow Agent shall be
indemnified and held harmless against any liability for taxes and for any penalties in respect of taxes, on such investment income
or payments in the manner provided in Section 4(f).

 

f. The
Escrow Agent will be indemnified and held harmless by the Company and Placement Agent from and against all expenses, including
all counsel fees and disbursements, or loss suffered by the Escrow Agent in connection with any action, suit or proceeding involving
any claim, or in connection with any claim or demand, which in any way, directly or indirectly, arises out of or relates to this
Agreement, the services of the Escrow Agent hereunder, except for claims relating to gross negligence or reckless misconduct by
the Escrow Agent or breach of this Agreement by the Escrow Agent, or the monies or other property held by it hereunder. Promptly,
but no later than ten (10) business days, after the receipt by the Escrow Agent of notice of any demand or claim or the commencement
of any action, suit or proceeding, the Escrow Agent shall, if a claim in respect thereof is to be made by the Escrow Agent against
the Company, notify the Company in writing, but the failure by the Escrow Agent to give such notice shall not relieve the Company
from any liability which the Company may have to the Escrow Agent hereunder, unless the failure of the Escrow Agent to give such
notice prejudices or otherwise impairs the Company’s ability to defend any demand, claim, action suit or proceeding. Notwithstanding
any obligation to make payments and deliveries hereunder, the Escrow Agent may retain and hold for such time as it deems necessary
such amount of monies or property as it shall, from time to time, reasonably deem sufficient to indemnify itself for any such
loss or expense.

 

g. For
purposes hereof, the term “expense or loss” shall include all amounts paid or payable to satisfy any claim, demand
or liability, or in settlement of any claim, demand, action, suit or proceeding settled with the express written consent of the
Escrow Agent, and all costs and expenses, including, but not limited to, counsel fees and disbursements, paid or incurred in investigating
or defending against any such claim, demand, action, suit or proceeding.

 

	 	5.	Indemnification
    by the Company. The indemnification provisions subject to this Agreement are set forth in Section 6 of the Placement Agency
    Agreement dated [●], 2017 by and between the Company and the Placement Agent, which Section 6 shall be deemed to part
    of this Agreement.

 

    	 	4	 

     

    

 

	 	6. 	Termination of
    Agreement and Resignation of Escrow Agent.

 

a. This
Agreement shall terminate upon disbursement of all of the Escrowed Funds and Investment Gain Funds provided that the rights of
the Escrow Agent and the obligations of the Company and the Placement Agent under Section 4 shall survive the termination hereof.

 

b. The
Escrow Agent may resign at any time and be discharged from its duties as Escrow Agent hereunder by giving the Company and the
Placement Agent at least fifteen (15) business days written notice thereof (the “Notice Period”). As soon as
practicable after its resignation, the Escrow Agent shall, if it receives notice from the Company and the Placement Agent within
the Notice Period, turn over to a successor escrow agent appointed by the Company and the Placement Agent all Escrowed Funds and
Investment Gain Funds (less such amount as the Escrow Agent is entitled to continue to retain and hold in escrow pursuant to Section
4(f) and to retain pursuant to Section 7) upon presentation of the document appointing the new escrow agent and its acceptance
thereof. If no new agent is so appointed within the Notice Period, the Escrow Agent shall return the Escrowed Funds and Investment
Gain Funds to the Company without interest or deduction.

 

	 	7.	Form of
    Payments by Escrow Agent.

 

a. Any
payments of the Escrowed Funds by the Escrow Agent pursuant to the terms of this Agreement shall be made by wire transfer unless
directed to be made by check by the Placement Agent and/or Company.

 

b. All
amounts referred to herein are expressed in United States Dollars and all payments by the Escrow Agent shall be made in such dollars.

 

	 	8.	Compensation.
    Escrow Agent shall be entitled to $12,500 as compensation for its services rendered under this Agreement, which amount shall
    be delivered by the Company to an account designated by the Escrow Agent on the same date when the Escrowed Funds are delivered
    into the Escrow Account.

 

	 	9.	Notices.
    All notices, demands, consents, requests, instructions and other communications to be given or delivered or permitted under
    or by reason of the provisions of this Agreement or in connection with the transactions contemplated hereby shall be in writing
    and shall be deemed to be delivered and received by the intended recipient as follows: (i) if personally delivered, on the
    business day of such delivery (as evidenced by the receipt of the personal delivery service), (ii) if mailed certified or
    registered mail return receipt requested, on the business day of such delivery (as evidenced by the signed certified mail
    card), (iii) if delivered by overnight courier (with all charges having been prepaid), on the business day of such delivery
    (as evidenced by the receipt of the overnight courier service of recognized standing), (iv) if delivered by facsimile transmission,
    on the business day of such delivery if sent by 6:00 p.m. in the time zone of the recipient, or if sent after that time, on
    the next succeeding business day (as evidenced by the printed confirmation of delivery generated by the sending party’s
    telecopier machine), or (v) if delivered by email on the business day of such delivery (as evidenced by delivery confirmation).
    If any notice, demand, consent, request, instruction or other communication cannot be delivered because of a changed address
    of which no notice was given (in accordance with this Section 9), or the refusal to accept same, the notice, demand, consent,
    request, instruction or other communication shall be deemed received on the second business day the notice is sent (as evidenced
    by a sworn affidavit of the sender). All such notices, demands, consents, requests, instructions and other communications
    will be sent to addresses or facsimile numbers as applicable set forth hereunder.

 

    	 	5	 

     

    

 

If
to the Company, to: 

 

Newater
Technology, Inc.

c/o
Yantai Jinzheng Eco-Technology Co., Ltd.

8
Lande Road, Laishan District, Yantai city

Shandong
Province

People’s
Republic of China 246000

Email:
[liyuebiao999@163.com]

 

with
a copy to (which shall not constitute notice):

 

Haneberg
Hurlbert PLC

1111
East Main St., Suite 2010

Richmond,
VA 23219

Attention:
Bradley A. Haneberg, Esq.; Matthew B. Chmiel, Esq.

Email:
brad@hbhblaw.com; matt@hbhblaw.com

 

If
to the Placement Agent, to:

 

ViewTrade
Securities, Inc.

Attn:
Doug K. Aguililla

7280
West Palmetto Park Road, Suite 310

Boca
Raton, FL 33433

Email:
dougagui@viewtrade.com

 

with
a copy to (which shall not constitute notice):

 

K&L
Gates LLP

Southeast
Financial Center, Suite 3900

200
South Biscayne Boulevard

Miami,
FL 33131

Attention:
Clayton E. Parker, Esq.

Email:
clayton.parker@klgates.com

 

If
to the Escrow Agent, to: 

 

Pearlman
Schneider LLP

2200
Corporate Blvd., NW, Suite 210

Boca
Raton, FL 33431

Attn:
Charles Pearlman

Email:
Charlie@pslawgroup.net

 

    	 	6	 

     

    

 

	 	10.	Further
    Assurances. From time to time on and after the date hereof, the Company and the Placement Agent shall deliver or cause
    to be delivered to the Escrow Agent such further documents and instruments and shall do and cause to be done such further
    acts as the Escrow Agent shall reasonably request (it being understood that the Escrow Agent shall have no obligation to make
    any such request) to carry out more effectively the provisions and purposes of this Agreement, to evidence compliance herewith
    or to assure itself that it is protected in acting hereunder.

 

	 	11.	Consent
    to Service of Process. The Company, the Placement Agent and the Escrow Agent hereby irrevocably consent to the jurisdiction
    of the courts of the State of Florida and of any Federal court located in such state in connection with any action, suit or
    proceedings arising out of or relating to this Agreement or any action taken or omitted hereunder, and waives personal service
    of any summons, complaint or other process and agrees that the service thereof may be made by certified or registered mail
    directed to it at the address listed hereto.

 

	 	12.	Miscellaneous.

 

a. This
Agreement shall be construed without regard to any presumption or other rule requiring construction against the party causing
such instrument to be drafted. The terms “hereby,” “hereof,” “hereunder,” and any similar
terms, as used in this Agreement, refer to the Escrow Agreement in its entirety and not only to the particular portion of this
Agreement where the term is used. The word “person” shall mean any natural person, partnership, corporation, government
and any other form of business of legal entity. All words or terms used in this Agreement, regardless of the number or gender
in which they were used, shall be deemed to include any other number and any other gender as the context may require. This Agreement
shall not be admissible in evidence to construe the provisions of any prior agreement.

 

b. This
Agreement and the rights and obligations hereunder of the Company and the Placement Agent may not be assigned without the consent
of the Escrow Agent, other than by laws of descent or operation of law. This Agreement and the rights and obligations hereunder
of the Escrow Agent may be assigned by the Escrow Agent, with the prior consent of the Company. This Agreement shall be binding
upon and inure to the benefit of each party’s respective successors, heirs and permitted assigns. No other person shall
acquire or have any rights under or by virtue of this Agreement. This Agreement may not be changed orally or modified, amended
or supplemented without an express written agreement executed by the Escrow Agent, the Company and the Placement Agent, which
consent shall not be unreasonably withheld. This Agreement is intended to be for the sole benefit of the parties hereto and their
respective successors, heirs and permitted assigns, and none of the provisions of this Agreement are intended to be, nor shall
they be construed to be, for the benefit of any third person.

 

c. This
Agreement shall be governed by, and construed in accordance with, the internal laws of the State of Florida. The representations
and warranties contained in this Agreement shall survive the execution and delivery hereof and any investigations made by any
party. The headings in this Agreement are for purposes of reference only and shall not limit or otherwise affect any of the terms
thereof.

  

	 	13.	Execution
    of Counterparts. This Agreement may be executed in any number of counterparts, by facsimile or other form of electronic
    transmission, each of which shall be deemed to be an original as of those whose signature appears thereon, and all of which
    shall together constitute one and the same instrument. This Agreement shall become binding when one or more of the counterparts
    hereof, individually or taken together, are signed by all parties hereto.

 

 

 

[THE
REMAINDER OF THE PAGE IS INTENTIONALLY LEFT BLANK]

  

    	 	7	 

     

    

 

IN
WITNESS WHEREOF, the parties have executed and delivered this Agreement on the day and year first above written.

  

	ESCROW AGENT: 	 
	 	 	 
	PEARLMAN SCHNEIDER LLP	 
	 	 	 
	By:	              	 
	Name:	 	 
	Title:		

  

COMPANY:

 

NEWATER
TECHNOLOGY, INC.

  

	By:
    	 	 
	Name: 	Yuebiao Li	
	Title:
    	Chief Executive Officer	

 

PLACEMENT
AGENT: 

 

VIEWTRADE
SECURITIES, INC.

  

	By:
    	 	 
	Name:
    	Douglas K. Aguililla	
	Title:
    	Director, Investment Banking	

  

 

 

 

Indemnification
Escrow Agreement

 

     

     

    

 

Schedule
A

  

ACCOUNT
NAME:                                          TRUST ACCOUNT

ACCOUNT
NO.:

ABA
ROUTING NO.:

SWIFT CODE: 

BANK:

REFERENCE:
ATTN:

 

 

 

TO
BE WIRED IN U.S. DOLLARSExhibit 10.10

 

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)	Hairong
                                         Wang (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 with Company Number as 1891454, 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 has wired RMB 3,000,000 and RMB 3,000,000, for a total of RMB 6,000,000, free of interest, to Party C on May 4, 2016
and June 2, 2016, respectively. The payments to Party C were 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 convert Party B’s loans and 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 D shall issue shares in consideration of the loans before June 30, 2016 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 217,200 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: Hairong Wang	 
	 	 
	/s/
    Hairong Wang	 
	 	 
	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	 

 

 

4

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