Document:

Buildings Sale Agreement

[English Translation]

 

Agreement No.: HBOP2013-RS

  

	Seller: 	Hebei Baoding Orient Paper Milling Co., Ltd.
	 	(herein after referred to as Party A)
	Buyer:	Hebei Fangsheng Real Estate Development Co., Ltd.
	 	(herein after referred to as Party B)

 

Party A and Party
B entered into the Agreement by mutual negotiation to sell and purchase Buildings. Both Parties shall voluntarily execute
this Agreement according to the terms and conditions set forth below.

 

Section 1 The
Basic Condition of the Buildings

 

	1.	Location of the Buildings: South of Juli Road (formerly Xinxing Road)(No.008768)
	 	Construction area of the Buildings is 9,326.95 square meters, details are as follows:
	 	Office Building: 3,776.47 square meters;
	 	North Workshop: 1,247.43 square meters;
	 	Middle Workshop: 1,208.75 square meters;
	 	South Workshop: 2,417.50 square meters;
	 	Workshop Bungalow: 676.80 square meters;
	2.	Location
of the Buildings: South of Juli Road (formerly as Xinxing Road) (No.008814)
	 	Construction area of the Buildings is 684.77 square meters, details are as follows:
	 	Guard Room: 85.62 square meters;
	 	Garage: 154.44 square meters;
	 	Sales Department: 133.4 square meters;
	 	Boiler Room: 231.25 square meters;
	 	Pump Room: 20.21 square meters;
	 	Electricity Distribution Room: 59.85 square meters.
	3.	Location
of the Buildings (Three Dormitories): South of Juli Road
	 	Construction area of three dormitories is 17,494.66 square meters, including 132 suites of apartment units and 152 storage rooms.
	   	Total construction cost is RMB 26,498,307.00.

 

Section 2 Construction
Area of Buildings to be Sold

Party A sells the ownership of above Buildings
to Party B with a total area of 27,195.07 square meters, excluding the above mentioned boiler room, pump room and electricity distribution
room, which is still owned by Party A.

 

Section 3 Rights Condition

Party A confirms that it legally owns
the Buildings to transfer under this Agreement, and there are no property defects of collateral, seizure and any third party’s
claim, etc.

    	- 1 -

    	 

    

Section 4 Sale Price

Both Party A and Party B agree that sale price is set forth below:

1. Appraisal
result for Buildings listed in Section 1-1 and Section 1-2 in this Agreement according to Party A’s designated
appraisal company is RMB 2,680,800.00. The appraisal result is based on the fair market value in open market condition and an
assumption that the Buildings will be forced to be demolished in 7 years and only have value from the continued original use
before demolition. Party B agree to purchase the Buildings at a premium price, and the negotiated price by both Parties to
sell and purchase the Buildings is RMB 7,099,000.00;

2. Sale
price of Buildings listed in Section 1-3 for three dormitories is equal to their total construction cost, which is RMB
26,498,307.00, therefore;

3. Total
sale price is RMB 33,597,307.00 (SAY RMB THIRTY THREE MILLION FIVE HUNDRED AND NINETY SEVEN THOUSAND THREE HUNDRED AND SEVEN
YUAN ONLY).

 

Section
5 Payment Term

Party B shall pay the entire
sale price under this Agreement to Party A within Thirty working days after this Agreement takes effect. The amount of RMB 7,099,000.00
that was prepaid by Party B is treated as a security deposit for this transaction, and the remaining balance need to be paid is
RMB 26,498,307.00.

 

Section 6
Tax
 1. For the Buildings sale of Section 1-1 and
Section 1-2, Party A and Party B shall bear each party’s own share of tax fees charged by authorities and agencies
designated by government in the procedure of sale and entitlement according to relative laws and regulations;

2. For
the Buildings sale of Section 1-3, both parties agree that Party B shall pay in advance all tax fees of Part A and Party B
charged by authorities and agencies designated by government in the procedure of sale and entitlement. When Party B sells the
dormitories to Party A’s qualified employees according to the provisions of Section 8-1, Party B shall apportion all
paid taxes and unpaid taxes to the sale price of the dormitories so that all taxes are borne by the qualified employees.

 

Section 7 Representations and Warranties

Party A warrants that:

1. Party
A has the right to sell the Buildings in this Agreement, and has the full capability to sign this Agreement with Party B. In
the case where disputes arises over the ownership of the Buildings sold, Party A shall be held responsible for damages and
losses;

2. At
the time the Agreement is signed, no court, arbitration institution, administrative agency or regulatory body has made any
judgment, verdict or specific administrative actions that has material adverse effect on Party A to perform the
Agreement;

    	- 2 -

    	 

    

3. Party
A confirms and warrants that no collateral, creditor’s right or financial obligation is attached to the Buildings;
that there is no third party recourse on the Buildings before Party B obtains the Buildings;

4. All required internal
authorization procedures for Party A to sign this Agreement have been completed; and the signer of this Agreement is Party A’s
legal representative or authorized representative. This Agreement is legally binding on both Parties once taking effect.

 

Party
B warrants that:

1. Party
B has the right to sign and the capability to perform this Agreement;

2. At
the time the Agreement is signed, no court, arbitration institution, administrative agency or regulatory body has made any
judgment, verdict or specific administrative actions that have material adverse effect on Party B to perform the
Agreement;

3. All
required internal authorization procedures for Party B to sign this Agreement have been completed; and the signer of this
Agreement is Party B’s legal representative or authorized representative. This Agreement is legally binding on both
parties once taking effect.

 

 

Section
8 Party B’s Commitment
 1. Party B promise that all
three dormitories with a total of 132 suites of apartment units and 

152 storage rooms (total construction area of 17,494.66
square meters) shall be sold to the designated qualified employees of Party A within 60 working days after Party B pays off all
sale price and obtain the property certificate. The sale price to the employees shall equal to the sum of the original construction
cost and all of the paid and unpaid taxes made by Party B. Party B shall also assist to deal with the registration of property
ownership certificate for employees. Related taxes and fees for property certificate shall by borne by the employees. Party B shall
not gain any profits during the sale of dormitories. Party A has the right to supervise and inspect Party B’s sale process
and review the relevant sale documents;

2. To
ensure Party A’s normal operation in the near future, after Party B pays off all sale price and obtain relevant
property ownership certificate Party B agrees to lease back the sold Buildings listed in Section 1-1 and 1-2 in this
Agreement to Party A with a 3-year tentative lease term, with a rent of RMB 1,000,000 per year. Party A shall pay all rent
for the actual number of days of leasing for the current year before December 31 of every year. When the leasing term
expires, both parties could negotiate to extent the terms if necessary. However, Party A shall make the best effort to finish
the facilities relocation within the first 3-year leasing term and relocate as early as possible.

 

Section 9
Responsibility for Breach 
 1. After this Agreement
takes effect, if Party B unilaterally terminates this Agreement, Party B

shall compensate Party A for
its economic losses for an amount equal to 10% of the sale price;

2. If
Party B delays the payment of the transfer price to Party A, Party B should pay liquidated damages at the rate of 0.05% of
the delinquent amount per day to Party A. If the delinquency lasts over thirty working days, Party A is entitled to terminate
this Agreement; and Party B shall compensate Party A for its economic losses for an amount equal to 10% of the transfer
price;

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3. It
shall be deemed a unilateral breach of the Agreement by Party A if any third party asserts any rights to the Buildings
referred to in this Agreement due to Party A’s concealing of facts, or for any other reason caused by Party A,
resulting in non-performance of this Agreement. Party A should refund all of Party B’s deposit and payment of sale
price plus interests to Party B pursuant to the prevailing bank loan interest rate.

Section 10 Confidential Clause

Party A and Party B both warrant to keep confidential the other Party’s non-public documents and information obtained from
the discussion, signing and performing this Agreement (including business secrets, cooperation plans, operational activities, financial
information, technical intelligence, operational information and other business secrets). Each Party must not disclose all or part
of the non-public documents and information to any third party without permission of the other which provided the documents and
information unless otherwise regulated by the law or regulation or agreed by the two Parties.

 

 

Section 11
Modification of Agreement 

If any unforeseeable circumstances happens during the performance period of this Agreement that forces either Party to modify
this Agreement, the Party requesting modification shall inform the other Party in writing immediately. After the request is accepted
by the other Party, the two Parties shall sign the written modification agreement within a time limit. The modification agreement
shall become an integral part of this Agreement. Neither Party has the right to modify the Agreement unless written document is
signed by the two Parties; otherwise, the Party acting unilaterally to change the provisions of the Agreement shall bear the responsibility
of economic losses to the other Party.

 

Section 12 Assignment of Agreement

Unless otherwise provided in the Agreement or agreed upon after negotiation by both Parties, neither Party shall assign any rights
and obligations of both parties provided in this Agreement to a third party without the other Party’s written consent. Any
assignment shall be invalid without the other Party’s written consent.

 

 

Section 13 Settlement of Disputes

Any disputes arisen in the process of Agreement implementation shall be resolved through negotiation by both Parties. Disputes
may also be mediated by relevant resolution organizations; or if negotiation or mediated fail, by filing a lawsuit in the PRC People’s
Court.

 

 

Section
14 Force Majeure

1. If any Party of the Agreement fails to perform all or part
of its obligations under this

Agreement due to the influence
of force majeure event, the implementation of the obligations should be suspended when the force majeure event impedes its implementation;

2. The
Party who claimed to have been influenced by force majeure event shall inform the other Party the occurrence of the force
majeure event promptly in writing, and provide appropriate evidence of the force majeure event and its duration and the
written information within 5 days after the occurrence of the force majeure event regarding its inability to perform the
Agreement or delay of implementation to the other Party. The Party claiming that performance is impossible or impractical due
to the force majeure event has the responsibility to make every reasonable effort to eliminate or mitigate the influence of
the force majeure event;

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3.
When a force majeure event happens, both parties should immediately decide on how to implement this Agreement through friendly
negotiation. After the termination or elimination of the force majeure event or its influence, both Parties should immediately
resume the implementation of the obligation under the Sections of this Agreement. If the force majeure event and its influence
cannot be terminated or eliminated and results in any Party of the Agreement losing the ability to continue to perform the Agreement,
then both parties may negotiate to terminate the Agreement or temporarily delay the implementation of the Agreement, and the Party
who encounters the force majeure needs not bear responsibilities for the termination or delay. However, if force majeure happens
after a delay of implementation, the Party causing the delay cannot be exempted from liability;

4. “Force
Majeure” referred to in this Agreement means any event, which cannot be reasonably controlled by the influenced Party,
is unable to be predicted or unable to avoid and overcome even if predicable, and occurs after the date of signing the
Agreement, which makes the Party impossible or impractical to objectively perform this Agreement in whole or in part. The
events include, but not limited to, natural disasters such as flood, fire, drought, typhoon, earthquake, and social events,
such as war, riot and strike, as well as government act or legal provisions, etc.

Section 15 Interpretation of Agreement

For the matters not covered or undefined in this Agreement, both Parties can make reasonable interpretation to the Agreement according
to common sense understandings based on the general principle, purpose, common transaction practices and contents of related sections.
This interpretation is binding, unless the interpretation is inconsistent with laws or this Agreement.

 

 

Section 16 Supplements
and Exhibits

Matters not covered in the Agreement shall be implemented according to relevant laws and regulations. For the matters not specified
by laws and regulations, Party A and Party B may agree on a written supplementary Agreement. Exhibits and supplementary Agreement
of this Agreement are the indivisible parts of this Agreement, and have the same legal effect with the Agreement.

 

 

Section
17 Validity of Agreement

1. This Agreement shall take effect on the date of signing by
both Parties’ legal representative

or its authorized representative
and stamping with official seals or agreement seals, and substitutes any former agreement for same Buildings sale(if any).

2. This
original Agreement is made in two copies. Each party holds one copy with equal legal force.

 

If there is any conflict between a Chinese
language provision and the corresponding English language provision in this Agreement, the Chinese language provision will prevail.

    	- 5 -

    	 

    

Seller (seal):/chop/Hebei Baoding Orient
Paper Milling Co., Ltd.

Legal representative:

Authorized representative: /s/Dahong Zhou

Date: August 9, 2013

  

Buyer (seal): /chop/Hebei Fangsheng Real
Estate Development Co., Ltd.

Legal Representative: /s/Zhenyong Liu

Authorized representative:

Date: August 9, 2013

    	- 6 -RESTRICTED
STOCK AWARD AGREEMENT

 

THIS RESTRICTED STOCK
AWARD AGREEMENT (“Agreement”) is made effective and entered into as of June 10, 2013 (the “Grant Date”),
by and between Dynasil Corporation of America, a Delaware corporation (the “Company”),
and Peter Sulick (the “Grantee”).

 

WHEREAS, pursuant to
the provisions of the Company’s 2010 Stock Incentive Plan (the “Plan”),
the Board of Directors of the Company (the “Board”) has the authority to grant Awards under the Plan to employees
of the Company; and

 

WHEREAS, the Board
has determined that the Grantee be granted a Restricted Stock Award under the Plan for the number of shares and upon the terms
set forth below;

 

NOW, THEREFORE, the
Company and the Grantee hereby agree as follows:

 

1.          Grant
of Award. The Grantee is hereby granted a Restricted Stock Award under the Plan (this “Award”), subject
to the terms and conditions hereinafter set forth, with respect to 300,000 restricted shares of Common Stock (the “Shares”).
Restricted shares of Common Stock covered by this Award shall be designated in book entry form on the records of the Company’s
transfer agent, subject to the restrictions set forth in this Agreement.

 

2.          Transfer
Restrictions. Except as expressly provided herein, this Award and the Shares issued with respect to this Award are non-transferable
otherwise than by will or by the laws of descent and distribution, and may not otherwise be assigned, pledged or hypothecated or
otherwise disposed of and shall not be subject to execution, attachment or similar process. Upon any attempt to effect any such
disposition, or upon the levy of any such process, this Award shall immediately become null and void and the Shares relating thereto
shall be forfeited.

 

3.          Restrictions.
The restrictions on the Shares covered by this Award shall lapse and such shares shall vest at the earlier of:

 

(i)          the
first anniversary of the Grant Date; or

 

(ii)         the
start date of a replacement CEO and President of the Company. 

 

If neither of these events
has occurred prior to the termination of the Grantee's Continuous Service, the Common Stock covered by this Award, to the extent
not vested, shall terminate and be forfeited by the Grantee.

 

Notwithstanding any other
provision of this Agreement, (i) the Shares, whether or not vested in whole or in part, shall be forfeited and (ii) the
Grantee shall be obligated to pay to the Company all gains realized by the Grantee from the disposition of any such Shares if the
Grantee violates any of the provisions set forth in the Company’s Confidential Information and Invention Assignment Agreement
that Grantee entered into as condition of employment with the Company. Further, any compensation paid to the Grantee pursuant to
this Agreement or in accordance with its terms shall be subject to any policy regarding recovery of incentive-based compensation hereafter
adopted by the Board in order to comply with (i) Section 954 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of
2010, or any law of similar effect for recovery of incentive-based compensation previously paid, and (ii) any regulations
promulgated pursuant to any such law.

 

    	-1-

    	 

    

  

4.          Voting
and Dividend Rights. During the period in which the restrictions provided herein are applicable to the Shares covered by this
Award, the Grantee shall have the right to vote such shares and to receive any cash dividends paid with respect to such shares.
Any dividend or distribution payable with respect to the Shares covered by this Award that shall be paid in shares of Common Stock
shall be subject to the same restrictions provided for herein. Any dividend or distribution (other than cash or Common Stock) payable
on Shares covered by this Award, and any consideration receivable for or in conversion of or exchange for Shares covered by this
Award, unless otherwise determined by the Board, shall be subject to the terms and conditions of this Restricted Stock Award Agreement
or with such modifications thereof as the Board may provide in its absolute discretion.

 

5.          Distribution
Following End of Restrictions. Upon the expiration of the restrictions provided in Section 3 hereof as to any portion of the
Shares covered by this Award, the Company in its sole discretion will either cause a certificate evidencing such amount of Common
Stock to be delivered to the Grantee (or, in the case of his death after such events, cause such certificate to be delivered to
Grantee's legal representative, beneficiary or heir) or remove the restrictions regarding transferability from the shares designated
in book-entry for the Grantee (or, in the case of his death for Grantee's legal representative, beneficiary or heir) on the records
of the Company’s transfer agent; provided, however, that the Company shall not be obligated to issue any fractional
shares of Common Stock in the event of certificated shares.

 

6.          Tax
Withholding. The obligation of the Company to deliver any certificate or book-entry uncertificated shares to the Grantee pursuant
to Section 5 hereof shall be subject to the receipt by the Company from the Grantee of any minimum withholding taxes required as
a result of the grant of the Award or lapsing of restrictions thereon. The Company shall have the right, but not the obligation,
to sell or withhold such number of unrestricted shares of Common Stock distributable to the Grantee as will provide assets for
payment of any tax so required to be paid by the Company for Grantee unless, prior to such sale or withholding, Grantee shall have
paid to the Company the amount of such tax. Any balance of the proceeds of such a sale remaining after the payment of such taxes
shall be paid over to Grantee. In making any such sale, the Company shall be deemed to be acting on behalf and for the account
of Grantee. The Grantee and the Company hereby agree that the Grantee may, within 30 days following the acceptance of this Award
as provided in Paragraph 1 hereof, file with the Internal Revenue Service an election under Section 83(b) of the Internal Revenue
Code. In the event the Grantee makes such an election, the Grantee agrees to provide a copy of the election to the Company and
to make such provision satisfactory to the Company of any minimum withholding taxes required by the Company.

 

7.          Securities
Laws Requirements; Lock-Up Agreement. The Company shall not be required to issue shares pursuant to this Award unless and until
(a) such shares have been duly listed upon each stock exchange on which the Company’s Common Stock is then listed; and (b)
the Company has complied with applicable federal and state securities laws. The Board (or a Committee thereof) may require the
Grantee to furnish to the Company, prior to the issuance of any shares of Common Stock in connection with this Award, an agreement,
in such form as the Board or Committee may from time to time deem appropriate, in which the Grantee represents that the shares
acquired by him under this Award are being acquired for investment and not with a view to the sale or distribution thereof. Grantee
further agree hereby that he will enter into and perform any underwriter’s lock-up agreement requested by the Company from
time to time in connection with public offerings of the Company’s securities.

 

    	-2-

    	 

    

 

8.          Incorporation
of Plan Provisions. This Restricted Stock Award Agreement is made pursuant to the Plan and is subject to all of the terms and
provisions of the Plan as if the same were fully set forth herein, and receipt of a copy of the Plan is hereby acknowledged. Capitalized
terms not otherwise defined herein shall have the same meanings set forth for such terms in the Plan.

 

9.          Miscellaneous.
This Restricted Stock Award Agreement (a) shall be binding upon and inure to the benefit of any successor of the Company, (b) shall
be governed by the laws of the State of Delaware, and any applicable laws of the United States, and (c) may not be amended without
the written consent of both the Company and the Grantee.

 

IN WITNESS WHEREOF,
the parties hereto have executed this Restricted Stock Award Agreement on the date first above written.

 

	COMPANY:	 	GRANTEE:
	 	 	 
	Dyansil Corporation of America	 	 
	 	 	 	 
	By:	/s/ Thomas C. Leonard	 	/s/ Peter Sulick

	 	Thomas C. Leonard	 	Peter Sulick
	 	Chief Financial Officer	 	Interim CEO and Interim President

 

    	-3-

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