Document:

Exhibit 10.12

 

Confidentiality

 

[Translation]

 

Xianning Sanhe Xiangtian Power Equipment
Manufacturing Co., Ltd.

 

Equity Transfer Agreement

 

This Equity Transfer Agreement (“this
Agreement”) is signed by the following parties on September 30, 2018:

 

Party A (“transferee”):

Zhou Jian, ID card number: [    ]

Zhou Dengrong, ID card number: [    ]

 

Party B (“Transferor”):
Sanhe Xiangtian Power Engineering Co., Ltd., a limited liability company established and validly existing under the laws of the
People’s Republic of China, located at north side of Zhongqing Adhesive Company,east side of Power Plant Living Area of Yanjiao
Development Zone, Sanhe City.

 

The aforementioned parties will be referenced
to “one party” individually and “the parties” jointly herein.

 

Whereas:

 

		1)	Xianning Sanhe Xiangtian Power Equipment Manufacturing
Co., Ltd. (hereinafter referred to as “Company”) is a company incorporated in Xianning City with a registered capital
of RMB 300 million. Party B holds 100% of the company’s equity.

 

		2)	Party A is the shareholder of Party B and holds 100% of
the equity of Party B. At the same time, Party B is the sole shareholder of the Company, and Party B intends to transfer 100%
of the shares of the Company it holds to Party A.

 

		3)	After friendly negotiation, the parties reached this agreement
on the basis of equal negotiation on Party B transferring of Company equity to Party A according to the Contract Law of the People’s
Republic of China and the Company Law of the People’s Republic of China.

 

		1.	Equity transfer

 

		1.1	Party B agrees to transfer 100% of the shares of the Company it holds (hereinafter referred to
as “target equity”) to Party A at a price of [    ] million, and Party A agrees to accept the subject shares in accordance
with the terms and conditions of this Agreement.

 

    	 	1	 

     

    

 

Confidentiality

 

		1.2	Party A shall pay the equity transfer amount of the underlying
equity [   ] million yuan (“Equity Transfer Payment”) to the following accounts of Party B in accordance with the provisions
of this Agreement:

Account Name: [   ]

Bank: [   ]

Account Number: [   ]

 

		1.3	Party B confirms and jointly guarantees that the shares
of the Company currently held by Party B are actually held by the company, and there is no entrusted shareholding or trust holding
on the shares, and no mortgage, pledge or any rights are restricted. After the completion of the equity transfer, the company’s
shareholding structure was changed to:

 

	No.	 	Name of shareholder	 	Investment Amount (Ten Thousand Yuan)	 	 	Proportion

	 
	1	 	Zhou Jian	 	 	 	 	 	 	97	%
	2	 	Zhou Dengrong	 	 	 	 	 	 	3	%
	Total	 	 	 	 	30000	 	 	 	100	%

 

		1.4	The transfer of the underlying equity is completed from
the date of completion of the industrial and commercial registration. From the date of completion of the equity transfer, Party
A becomes the actual holder of the underlying equity, and enjoys the shareholder rights of the underlying equity in accordance
with the terms of this agreement and shall perform the corresponding shareholder obligations.

 

		2.	Handover procedures

 

		2.1	After Party A has paid the equity transfer payment in accordance
with the provisions of this agreement, the Company shall handle the relevant procedures for industrial and commercial registration,
issue the corresponding register of shareholders and other handovers in accordance with the following procedures, and Party B
shall ensure that the company handles the above procedures in accordance with the following procedures:

 

		2.2	Party B and the company shall, within five working days
after Party A pays the equity transfer payment in accordance with the agreement of this agreement, apply to the industrial and
commercial administration department for the relevant registration and ensure that registration are completed within 20 working
days after Party A pays the equity transfer payment; a copy of the new business license and the company’s articles of association
(or amendments to the articles of association) will be provided to Party A within 20 working days after the completion of the
industrial and commercial registration;

 

    	 	2	 

     

    

 

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		2.3	Within five working days after Party A’s payment
of the equity transfer payment, the Company shall issue to Party A the register of shareholders affixed with the Company’s
official seal. The register of shareholders shall record the name of the Company, the name of Party A, the proportion of shares
and the date of issuance;

 

		2.4	Within five working days after the above-mentioned Party
A pays the equity transfer payment, the Company shall hand over the Company’s official seal, financial account, customer
information, original copy of the Company’s license, employee’s register, all contracts and other Company information
to Party A;

 

		3.	The company’s obligations during the transition period

 

		3.1	After signing of this Agreement and before the completion
of the equity transfer (completed registration of industrial and commercial registration), without the consent of Party A, Party
B and the Company shall not conduct any disposition of their equity, including but not limited to pledge, transfer, donation,
waiver and any act of placing any third party rights on the target equity, unless otherwise agreed in this Agreement.

 

		3.2	Party B and the Company shall ensure that there are no
major sales, pledges and losses of the company’s assets, resulting in any third party making a major claim.

 

		4.	Major events during the transition period 

  

After the signing of this agreement, Party
B and the company shall not engage in the following activities until the completion of the equity transfer, the revision of the
company’s articles of association, the equity transfer, and the completion of the change of the board of supervisors and
board of directors, unless otherwise expressly agreed in this Agreement or disclosed to Party A in advance.

 

		4.1	Amend or otherwise change the company’s organizational documents (including but not limited
to the company’s articles of association, the rules of procedure of the board of supervisors and the board of directors,
etc., except for matters related to this transfer of equity in accordance with the documents signed by the parties);

 

		4.2	Conduct any form of merger, division, reorganization or other act that affects the legal existence
or normal operation of the company; without the consent of Party A or this agreement, change the registered capital or share capital,
or make any act or matter sufficient to cause such change, sign or conduct any agreement or arrangement sufficient to cause such
change;

    	 	3	 

     

    

 

Confidentiality

 

		4.3	Increase or decrease of company assets or property rights, except in normal business processes
consistent with past practices, such as the sale of inventory, equipment or facility maintenance, maintenance, etc., other than
normal business activities;

 

		4.4	Significantly increase the remuneration, bonus distribution, profit sharing, social insurance scheme,
commercial insurance scheme or other benefit distribution paid to the company’s directors, officers or employees, unless
in accordance with past practice or company’s existing policies and regulations;

 

		4.5	Allocating the company’s profits;

 

		4.6	Change the company’s accounting practices, methods or assumptions reflected therein, or change
the company’s financial or accounting system;

  

		4.7	Equity investment in any other company, economic entity, whether holding/controlling the company
or the economic entity; providing loans or guarantees, transfer payments or donations to any third party;

 

		4.8	To enter into any transaction or arrangement with its related parties, or to cause any such transaction
or arrangement to take effect, but to carry out the necessary operations of the company in accordance with the original business
operation and substantially the same terms at the time of the conclusion of this Agreement (or before);

 

		4.9	Amend, terminate, revoke or waive any major claims of the Company against any third party, or reach
a settlement with them; waive, waive or settle any material civil or administrative litigation, arbitration or dispute;

 

		4.10	Transfer, license, guarantee or pledge, waiver, set options, pending rights or otherwise dispose
of intellectual property rights that are important to the company’s business;

 

		4.11	Invalidate any government approvals such as licenses, approvals, and qualifications related to
its business or products.

 

If Party B and the company fail to complete
any of the matters stipulated in Articles 4 and 5 of this Agreement, Party A has the right to terminate the execution of this Agreement
by written notice. If Party A loses, Party A has the right to request the company to provide Corresponding compensation.

  

		5.	Agreement after equity transfer

 

The parties unanimously agree and confirm
that Party A will enjoy all shareholder rights and assume shareholder obligations in accordance with the company’s articles
of association, after the completion of Party A’s articles of association, shareholder register or equity transfer business
registration procedures, including but not limited to: enjoying the share of the company’s shareholding profits; participating
in the company’s shareholders meeting and exercising voting rights according to the share of the shares held; proposing to
convene a shareholders’ meeting to the company’s board of directors; supervising the company’s business conduct,
making recommendations or inquiring , review and copy the company’s articles of association, shareholders’ meeting
or board meeting minutes, financial accounts, evaluation reports, company shareholding structure and other information; participation
in the company’s remaining property distribution; other laws and company charters confer rights to shareholders.

 

    	 	4	 

     

    
 

Confidentiality

 

		6.	Statements, commitments and warranties of the parties

 

		6.1	Each party has and has the necessary rights and authority to sign this Agreement and perform its
obligations under this Agreement. Signing and fulfilling this Agreement does not violate laws, regulations and any other contract
that it is or is binding on as a party to the contract or the provisions of the charter.

 

		6.2	Party A hereby agrees, confirms, promises and guarantees, actively fulfills the obligations stipulated
in this agreement, and pays the equity transfer payment in accordance with the conditions stipulated in this agreement; the company’s
trade secrets obtained during the equity transfer process shall not be disclosed for any purpose or use.

 

		6.3	Statements, Commitments and Guarantees of Party B and the Company:

 

Except in the case of full disclosure to
Party A, Party B and the Company hereby agree, confirm, promise and guarantee:

 

		6.3.1	The company’s financial statements are prepared in accordance with PRC accounting standards.
The financial statements fairly and truly reflect the company’s operating results and assets and liabilities. Except for
the liabilities already stated in the company’s financial statements, the company does not have other unknown significant
liabilities, liabilities or potential significant liabilities or liabilities. If the company’s financial status and business
have undergone significant adverse changes before the completion date of the equity transfer, Party A has the right to terminate
this agreement.

 

		6.3.2	All rights and articles required by the company for intellectual property, land, real estate, movable
property, machinery, vehicles, office equipment and other operations are owned by the company through legal procedures and are
The company will continue to legally own or use the above content after the effective date of this agreement. In the above content,
there is no major reason for infringing the ownership and use rights of the company. At the same time, the company does not infringe
any third party rights. The company’s assets are also not subject to any form of security or other form of rights restrictions.

 

		6.3.3	The company has not transferred or licensed any intellectual property rights, such as copyrights,
trademarks, patents, technical secrets, etc., to any economic entity or individual; copyrights, trademarks, patents, and technical
secrets owned and used by the company. There is no intellectual property dispute between any intellectual property rights and any
institution or individual at domestic or abroad. After the completion of this equity transfer, the company may not transfer or
license the company’s copyright, trademark, patent, technical secret and other intellectual property rights to any economic
entity or individual without the consent of the company’s board of directors. Any intellectual property rights such as copyrights,
trademarks, patents, technical secrets, etc. generated during the company’s future operation period are owned by the company.

 

    	 	5	 

     

    

 

Confidentiality

 

		6.3.4	Party B and the company have fully disclosed all important contracts during the company’s
existence to Party A, and ensure that each important contract is a legal document and is binding on the parties to the contract.
The company has not violated any of the above important contracts, and there is no known situation and no third party is in violation
of the above important contracts.

 

		6.3.5	Party B and the company have fully disclosed to Party A all matters related to taxation, civil
litigation/arbitration, administrative penalties, external guarantees or other contingent liabilities incurred during the company’s
existence. In addition to the situation that has been fully disclosed to Party A, the company’s production and operation
activities, production facilities, venues, investment projects, etc. are in compliance with relevant national laws and regulations,
including but not limited to industry access, environmental protection, quality, taxation, customs, foreign exchange. Laws and
regulations on labor, land, etc. The company has fulfilled its tax liability for payment, and there is no tax amount that is due
and payable. Party C agrees to bear all the liabilities arising from the existing/or tax liabilities, civil litigation, administrative
penalties, fines, external guarantees or other contingent liabilities that have not been fully disclosed to Party A. Party C provides
guarantee for the above responsibilities with the company’s equity held by it.

 

		6.3.6	The information and materials provided by Party B and the company to the lawyers, accountants and
other intermediary consultants hired by Party A and Party A do not have any false records, misleading statements and important
omissions, and their substantive authenticity and accuracy, and assume full responsibility for its substantial authenticity, accuracy
and completeness.

 

		6.3.7	Party B and the company further promise that all the approval and registration procedures for the
equity transfer will be handled as soon as possible, and the consents required by this agreement will be obtained; and ensure that
all reasonable measures and actions required for the smooth operation and legal effect of the transactions under this Agreement
are taken or carried out in accordance with the provisions of the current Chinese laws and regulations and the requirements of
the examination and approval authority and other relevant government agencies; this includes, but is not limited to, the procedures
for changing the major events of the company’s private equity fund managers and other changes to the relevant licenses or
approvals; Before or during the application for the above-mentioned approval, change registration and approval or consent, the
company shall solicit Party A’s opinions and timely disclose relevant progress information and conditions (including formal
and informal feedback from the approval authority). A copy of the relevant documents and materials should be provided with at least
one set for Party A to file.

 

    	 	6	 

     

    

 

Confidentiality

 

		7.	Tax

 

The relevant taxes and fees involved in
the performance of the equity transfer under this agreement shall be borne by each of Party A and Party B according to law.

 

		8.	Liability for breach of contract

 

		8.1	If either party violates the agreement of this agreement
and does not correct it within 30 days after receiving the notice of the breach of contract by the observing party, the observant
party has the right to terminate this agreement; the defaulting party shall also compensate for the breach of contract and all
losses caused by the observant party.

 

		8.2	Party B, Party C and the company, in isolation or in common,
violate any of the guarantees or promises in this Agreement (whether or not the terms are expressly stated as “guarantee”
or “commitment”, as long as the content of the terms is a guarantee or commitment, if Party A’s purpose is materially
and materially affected, Party A shall have the right to request Party B to return the equity transfer payment. Party B shall
return the full amount of the equity transfer payment paid by Party A to Party A within 10 working days after Party A submits
the written notice. Based on the amount of payment by Party A, Party A shall pay Party A the liquidated damages which is double
the bank’s loan interest rate for the same period from the date when Party A’s funds are in place to the date when
Party B returns the equity transfer money to Party A.

 

		9.	Confidentiality clause

 

The parties undertake that, regardless
of whether they can reach an agreement on this equity transfer, they shall not disclose and/or disclose in any way any information
of this equity transfer and the other party’s business information and trade secrets known to others. Such commitments by
all parties should be indefinite. Notwithstanding the foregoing, parties to this Agreement may disclose or disclose the contents
of this Agreement or the details of the transactions involved in the following circumstances:

 

		9.1	Directed by the court or administrative authority that
has jurisdiction to disclose or disclose;

 

		9.2	to disclose or disclose to employees, consultants, lawyers,
appraisers or auditors who are relevant and who must be aware of such content or details;

 

    	 	7	 

     

    

 

Confidentiality

 

		9.3	to be disclosed or disclosed in accordance with the instructions
of the relevant stock exchange or other securities regulator or the listing rules;

 

		9.4	required or disclosed in accordance with laws or regulations.

 

		10.	Cost commitment

 

The parties agree that if the industrial
and commercial registration of the equity change is completed, Party B shall undertake the fees of due diligence, evaluation, negotiation,
drafting of legal opinions, and drafting of major issues of private fund managers by external intermediary agencies (including
lawyers and auditors) for transactions under this agreement and previous parties’ consultation programs, legal opinions and
other related fees. If the industrial and commercial registration of the equity change is not completed, each of them shall bear
the above-mentioned expenses.

 

		11.	Legal application and dispute resolution

 

		11.1	The conclusion, validity, interpretation, performance and
settlement of disputes of this Agreement shall be governed by the laws of the People’s Republic of China.

 

		11.1	All disputes arising out of or in connection with the implementation
of this Agreement shall be settled through friendly negotiation. If the negotiation cannot be resolved, any party may file a lawsuit
in the grassroots people’s court of Party A.

 

		12.	Force majeure

 

In the event of an earthquake, typhoon,
flood, war, government action, or other force majeure that cannot be prevented or avoided by the parties to this Agreement and
its occurrence and consequences, this Agreement cannot be fulfilled, The party that encounters the above force majeure accident
shall immediately notify the other parties in writing of the accident, and shall provide valid documentation to issue the details
issued by the competent department within seven days, which may explain the details of the force majeure accident and the reasons
for the contract not being fulfilled or partially unable to perform or the need to postpone the performance.

 

		13.	Other matters

 

		13.1	This Agreement shall become effective upon signature and
seal by the parties.

 

		13.2	Any modification of any content of this Agreement shall
be subject to negotiation by all parties and a written supplementary contract shall be signed. Neither party shall have the right
to unilaterally modify any content of this Agreement.

 

		13.3	Matters not covered in this Agreement will be agreed upon
by the parties to this Agreement and will be supplemented in writing. This written supplement is an integral part of this Agreement
and has the same legal effect as this Agreement.

 

		13.4	This Agreement is in quadruplicates, Party A holds one
copy, Party B holds one copy, and each share of this agreement has the same legal effect.

  

(There is no text below)

 

    	 	8	 

     

    

 

Confidentiality

 

This page is the signing page of the Equity Transfer Agreement
for Xianning Sanhe Xiangtian Power Equipment Manufacturing Co., Ltd.

  

Party A:

Zhou Jian

Signature: /s/ Zhou Jian

 

Zhou Dengrong

Signature: /s/ Zhou Dengrong

   

Party B: Sanhe Xiangtian Power Engineering Co., Ltd.

[Corporate seal affixed herein]

 

Legal representative or authorized representative: /s/ Zhou
Jian

 

    	 	9Exhibit 10.35

 

Share Transfer Agreement

 

Party A: Xianning Sanhe Power Equipment Manufacturing
Co., Ltd.

Party B: Han Wenhe

Party C: Wang Guifen

 

Party A is engaged in new
energy research and development and production and sales of science and technology companies. Party B and Party C are technological
personnel engaged in new energy research and development and production and sales. The three parties jointly funded “Tianjin
Jiabaili Oil Products Co., Ltd.” (hereinafter called “Jiabaili Company”) engaged in petrochemical products production
and sales.

 

Party A developed three
kind of gasoline, lubricant additive products (named green energy 1st, 2nd, 3rd). Party A has a petrochemical plant in Jingshan
County, Hubei Province. In order to save the transportation cost to meet the needs of the northern market, through Party A, B,
C full consultation, reached the following agreements:

 

1. Party A, B, C
determined the cooperation. Party B and Party C are willing to transfer the company’s equity to Party A and Party A is
willing to buy Party B and Party C’s equity.

 

Three parties agreed
that the total share capital of Party B and Party C is 6.8 million yuan. Party A shall buy Party B 70% of the equity and Party
C 20%. After the adjustment of the three-party shareholding, Party A occupies 90% of the Jiabaili company, and the Party C occupies
10%.

 

Party C occupies 10%
of Jiabaili company’s Equity. Party C does not enjoy the right, also do not assume obligations in other companies and other areas
of investment in the production of Green Energy and other related products by Party A.

 

After the entry into
force of this Agreement, all the assets of the Jiabaili company, including intellectual property rights, and shall be entitled
to and bear the obligations of Party A and Party C according to the equity ratio.

 

Part B, Party C is committed
to this agreement after the entry into force, Party B’s existing intellectual property rights and formulations hand over to Party
A representative to jointly manage. The original of the license and official seal shall also be administered by the representative
of Party A.

 

    	 	1	 

     

    

 

2. Party A, B, C agreed
to the transfer of the shares: Party A to buy B, C Party total of 90% of the equity, the total price is 6.12 million yuan of which
Party B 4.76 million Yuan, C party 1.36 million yuan.

 

The total price of the
equity of Party B and C is 6.12 million yuan, of which 60% is paid in cash (RMB 3.672 million), 40% (RMB 2.448 million) in the
Nasdaq stock ( ticker symbol: XTNY), calculated at a price of 3 USD per share.

 

Party A undertakes the
stock price not less than 3 USD/share when cash the share, Otherwise, Party A shall make up the difference.

 

Party A, Party B and
Party C agree that the shares issued by Party A to Party B and Party C shall be realized at least two years, i.e., up to 50% each
year

 

Within 3 days after
the entry into force of this Agreement, Party A pays a deposit of RMB 1 million, of which Party B is 700,000 yuan and 300,000 yuan.

 

Party A, Party B and
Party C agreed: After the entry into force of this Agreement, Party B and C shall hand over the sealed copies of the existing documents
to Party A for the application of the relevant qualification and formalities.

 

Upon Party B and Party
C receive 1 million yuan deposit, transfer of stock rights shall be started, that is, to process business registration and change
procedures, and commissioned the relevant audit, evaluation agencies to begin mergers and acquisitions reorganization work.

 

3. Party A, Party B
and Party C agreed that the creditor’s right and debt before this agreement comes into force shall be borne by Party B, and the
creditor’s right and debt after this agreement comes into force shall be borne by Party A.

 

Party A and Party C
agreed that Party C hold 10% of the equity. After Party C has fulfilled its obligations under this agreement, shall not invest
any more but enjoy the corresponding rights when the enterprises expand production in the future.

 

Party B and Party C
undertake that prior to the effective date of this agreement, Jiabaili have no debt, otherwise it shall bear by itself and bear
the liability for breach of contract.

 

    	 	2	 

     

    

 

4. Party A and Party
C agree that after this agreement comes into force, Party C shall be responsible for the following:

 

1) Party C is responsible
for assisting the local government implementing policies and to take charge of investment promotion and capital introduction to
Party A, to complete the procedures of purchasing 54 mu land of Jiabaili company at a preferential price, also responsible for
the production and transformation of existing equipment.

 

2) Responsible for coordinating
the road issues in the future development of the enterprise.

 

3) Responsible for coordinating
the relationship between the company and local governments and villagers at all levels, and cooperating with Party A to establish
new sales channels

 

4) Unconditionally cooperate
with Party A in appointing lawyer and auditor to do due diligence and asset appraisal Follow on work.

 

5. Party A, Party B
and Party C agreed that regardless of the amount of future evaluation, the three parties shall implement the price agreed in this
agreement

 

Upon the entry into
force of this agreement, both parties shall establish the board of directors in accordance with the company law and undertake that
the board of directors shall be the highest authority for cooperation between both parties

 

After this agreement
comes into force, Party A shall be the legal representative of the cooperative venture company and Party B shall be the deputy
general manager of the company in charge of technical work

 

Party A, Party B and
Party C agreed that the contents of this agreement shall be kept confidential by all three parties and shall not be disclosed to
the public without the written permission of the other party. Otherwise, it shall be deemed as a breach of contract.

 

6. This agreement shall
be legally effective upon being signed by Party A, Party B and Party C. Either party shall fully comply with and perform its obligations
hereunder, otherwise, it shall be deemed as a breach of contract. The breaching party shall bear all the economic losses of the
other Party and bear the liquidated damages of RMB 2 million.

 

    	 	3	 

     

    

 

Both parties agree that
in the course of the performance of this agreement, in case of any policy adjustment or natural disasters or other force majeure
events that prevent both parties from fully performing this agreement, neither party shall be liable for any breach of contract.

 

7. This agreement shall
come into force upon being signed by Party A, Party B and Party C.

 

The parties hereto shall
separately sign a supplementary agreement on matters not covered herein.

 

The agreement signed
by Party A, Party B and Party C on June 13, 2018 shall be terminated, and the rights and obligations of the three parties shall
be subject to the agreement.

 

This agreement is made
in triplicate, with each party holding one copy.

  

Party A: Xianning Sanhe Power Equipment Manufacturing
Co., Ltd.

 

[Corporate seal affixed]

 

	/s/ Zhou Deng Hua	 	 

 

	Party B:	/s/ Han Wenhe	 	Party C: 	/s/ Wang Guifen
	 	 	 	 	 
	 	 	 	June 21, 2018

 

    	 	4

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