Document:

EXHIBIT 10.2

 

Translation
Copy

 

Loan
Agreement

 

Lender:
Zhouji (Group) Co., Ltd (hereinafter referred to as “Party A”)

Domicile:
Building 3, YuJiaAo Mountain Villa, Zhuyu New District, Gaoting Town, Daishan County, Zhoushan City

 

Borrower:
Ningbo Keyuan Plastic Co., Ltd (hereinafter referred to as “Party B”)

Domicile:
No. 88, Gangkou Road, Qijiashan, Beilun District, Ningbo City

 

Surety:
Tao Chunfeng

Address:
Room 619, No. 88#-26, Yingchun Street, Haishu District, Ningbo City

I.D.
Card No.: 440902196706160438

 

Whereas:

 

Party
B intends to borrow the money from Party A to expand its production and operation scale.

 

The
surety is the actual controller of Ningbo Keyuan Plastic Co., Ltd. The surety agrees with the provision of security for the loan
hereunder with part of his shares held in Ningbo Keyuan Plastic Co., Ltd. The surety promises to shoulder the joint and several
liability for the loan.

 

     

     

    

 

This
Agreement is made to specify the rights and obligations of all parties involved

 

Article
1 Amount, life and transfer of loan

 

		1.	Party
                                         A shall loan to Party B an amount of RMB 100,000,000 (ONE HUNDRED MILLION YUAN) with
                                         a life of 2 years (TWO YEARS); 

 

		2.	The
                                         full amount of loan shall be transferred to an account designated by Party B before April
                                         25, 2015. 

 

		3.	The
                                         surety promises to shoulder the joint and several liability for the provision of security
                                         for the loan with any and all of his personal properties. 

 

Article
2 Type of repayment and interest rate of loan

 

		1.	The
                                         interest rate under this Agreement shall be computed by 140% of the interest rates of
                                         loans provided by banks within the same period of time;

 

		2.	The
                                         two parties agree on the type of repayment of principal and interest of the loan as follows:
                                         Party A shall be entitled to choose either one of the following two options at the maturity
                                         date of the repayment of the loan: (1) Party A asks Party B to repay the principal and
                                         interest of the loan in full amount; (2) Party A asks Party B to transfer 15% of its
                                         shares to Party A. In this case, the full amount of principle and interest of the loan
                                         shall be transferred to Party A’s holding of 15% shares in Ningbo Keyuan Plastic
                                         Co., Ltd.

 

		3.	If
                                         Party A chooses to hold 15% shares in Party B, Party B agrees that within 15 working
                                         days from the date when Party A makes its decision, it will transfer the 15% shares of
                                         Ningbo Keyuan Plastic Co., Ltd to Party A to offset the full amount of principle and
                                         interest of the loan. After the ownership of the 15% share is transferred, the creditor
                                         and debtor relationship will automatically terminate. 

 

    	 	2	 

     

    

 

Article
3 Liability for breach of the Agreement

 

The
breach of the terms and conditions hereunder shall constitute the breach of the Agreement. If there is a breach, the non-defaulting
party shall have the right to terminate the Agreement. The non-defaulting party shall be entitled to the compensation paid by
the party in breach of the Agreement for its losses arising therefrom.

 

		1.	In
                                         case Party A fails to transfer the loan before the due date, Party A shall pay Party
                                         B a penalty computed from the first day of the overdue period and by the interest of
                                         loan provided by banks with the same period of time. In case Party B fails to repay the
                                         loan and interest before the due date, Party A shall pay Party B a penalty computed from
                                         the first day of the overdue period and by the interest of loan provided by banks with
                                         the same period of time.

 

		2.	If
                                         Party B declines to transfer the shares specified hereunder or fails to transfer shares
                                         specified hereunder before the date mutually agreed upon, Party B shall pay a penalty
                                         at the rate of 5‱ each day computed from the first day of the overdue period to
                                         Party A; in the meantime, Party A shall reserve the right to bring a lawsuit and mandatorily
                                         request Party B’s transfer of the shares specified hereunder, and Party A shall
                                         be entitled to the payment of interest of 20% per annum computed from the first day of
                                         the overdue period. Nonetheless, the two parties agree that a grace period of one month
                                         will be rendered for Party B’s payment of installment due under this Agreement.
                                         Within the grace period, no penalties or additional interest will be collected from Party
                                         B. 

 

    	 	3	 

     

    

 

Article
4 Miscellaneous

 

		1.	If
                                         Party A appoints a third party as the lender, Party B shall enter into a separate loan
                                         agreement with the third party. No terms or conditions in the agreement entered by and
                                         between Party B and the third party shall be inconsistent with those hereunder. The two
                                         parties agree that there shall be no increase or decrease of duties or obligations under
                                         this Agreement.

 

		2.	The
                                         two parties agree that, if Party A chooses to hold Party B’s shares, Party A shall
                                         not be entitled to the dividend distributed prior to Party B goes public. 

 

		3.	Where
                                         Party B or Party B’s associated enterprises need to introduce one or more strategic
                                         investor(s) for the purpose of going public, Party A or its appointed third party shall
                                         have the preemptive right of purchase at the best rate.

 

		4.	Any
                                         and all supplementary agreements in relation to the Agreement shall be deemed to be or
                                         construed as an integral part of the Agreement, and shall have the same effect as the
                                         Agreement. The Agreement is under the jurisdiction of the court where the injured party
                                         is domiciled. 

 

		5.

                                                                                 
	The
                                         Agreement is made in three originals, with the three parties each holding one. The Agreement
                                         shall come into effect from the date when it is signed and sealed. 

 

Lender:
Zhouji (Group) Co., Ltd (seal)

 

Legal
representative:              (signature)

 

 

Borrower:
Ningbo Keyuan Plastic Co., Ltd (seal)

 

Legal
representative:              (signature)

 

 

Surety:
Tao Chunfeng            (Signature)

 

 

The
Agreement is signed in Zhoushan City, Zhejiang Province on April 9, 2015.

 

 

4EXHIBIT 10.3

 

Translation
Copy

 

Investment
Cooperation Agreement

 

The
Investment Cooperation Agreement (hereinafter referred to as “Agreement”) is entered into by and among:

 

Party
A: Sinotech Group Limited

 

Party
B: Ningbo Hengyun Energy Technology Co., Ltd

 

Party
C: Ningbo Keyuan Plastic Co., Ltd

 

In
accordance with the competent laws and regulations of the People’s Republic of China and in conformance with the principles
of friendly cooperation and mutual benefit, the three Parties (collectively hereinafter referred to as “Partners”)
hereto agree on the terms and conditions hereunder about the injection of capital into Guangxi Keyuan New Materials Co., Ltd (hereinafter
referred to as “Guangxi Keyuan”) through friendly negotiation.

 

Article
1 Amounts and forms of capital contribution made by partners

 

The
collective investors agree to invest in Guangxi Keyuan (the main body of the investment project) on a pro rata basis.

 

Partners’
capital contribution

 

Party
A, Party B and Party C, all being shareholders of Guangxi Keyuan, will respectively subscribe a capital contribution of 42.12%,
32.88% and 25% therein.

 

     

     

    

 

Description
of shareholding details

 

On
September 16th, 2015, Party A transferred its 32.88% (equivalent to foreign currency worth of RMB 198,284,300) of equity
interest in Guangxi Keyuan to Party B. After the finalization of the transfer, Party A holds 42.12% of equity interest in Guangxi
Keyuan, and its contribution of registered capital in the foreign currency equivalent to RMB 254,055,700 has been paid up in full;
Party B holds 32.88% of equity interest in Guangxi Keyuan, and its contribution of registered capital in the foreign currency
equivalent to RMB 198,284,300 will be paid up before December 31, 2016 as agreed upon by Party A, Party B and Party C; Party C
holds 25% of equity interest in Guangxi Keyuan, and its contribution of registered capital in the foreign currency equivalent
to RMB 15,078 has been paid up in full.

 

Article
2 Profit distribution plans and plans to cover losses

 

The
profits shall be distributed and the losses shall be covered in proportion to the respectively contributed capital by the partners.

 

The
partners shall be held responsible and accountable for the partnership to the extent of respectively contributed capital. The
partners shall be held responsible and accountable for Guangxi Keyuan to the extent of the total amount of respectively contributed
capital.

 

The
shares and the derivatives arising from the contributed capital by the partners shall be the common properties of the partners
in proportion to the respectively contributed capital.

 

The
partners shall be entitled to the properties in proportion to the respectively contributed capital after the shares jointly invested
in Guangxi Keyuan is transferred.

 

    	 	1	 

     

    

 

Article
3 Conduct of partnership affairs

 

		1.	Party
                                         B, upon the appointment of the partners, shall conduct the partnership affairs, including
                                         but not limited to:

 

		(1)	Perform
                                         its rights and fulfill its obligations as a limited responsibility company during its
                                         conduct of registration when registered item needs changed as agreed upon by the partners
                                         pursuant to laws and regulations; 

 

		(2)	Perform
                                         its rights and fulfill its obligations as a shareholder of the limited responsibility
                                         company;

 

		(3)	Collect
                                         fruits generated in the process of the partnership, and dispose of the fruits in accordance
                                         with the terms and conditions herein;

 

		(4)	Conduct
                                         financing affairs necessary for projects of Guangxi Keyuan;

 

		(5)	Act
                                         in the behalf of Guangxi Keyuan in dealing with outside parties;

 

		2.	The
                                         investors who do not participate in the conduct of partnership affairs shall be entitled
                                         to review the status of the partnership affairs conducted. Party B shall report the operating
                                         and financial conditions of the partnership to the other investors who do not participate
                                         in the conduct of partnership affairs;

 

		3.	All
                                         incomes generated from Party B’s conduct of partnership affairs shall belong to
                                         the partners, and the losses or civil liabilities incurred therefrom shall be borne by
                                         the partners;

 

		4.	If
                                         any loss is caused to the other investors due to Party B’s misconduct or due to
                                         its failure to observe the terms and conditions herein, Party B shall be liable for damages;

 

		5.	The
                                         other investors may object to the conduct of a partnership affair by Party B. Where an
                                         objection is raised, the execution of such affair shall be suspended. If there is a dispute,
                                         such dispute may be decided by the partners;

 

    	 	2	 

     

    

 

		6.	The
                                         following matters related to the partnership shall be subject to unanimous consent by
                                         the partners:

 

		(1)	Transfer
                                         the shares jointly invested in Guangxi Keyuan;

 

		(2)	Pledge
                                         of the shares jointly invested in Guangxi Keyuan;

 

		(3)	Re-appoint
                                         the party responsible for conducting of the partnership affairs;

 

		7.	Party
                                         B shall, with Guangxi Keyuan as the main body, to raise necessary funds other than the
                                         registered capital in the total investment from financial institutions in China to solve
                                         the financing issues of the project. 

 

Article
4 Transfer of capital contribution

 

		1.	Transfer
                                         of his share of capital contribution in the partnership by a partner to a person other
                                         than a partner, whether in whole or in part, shall be subject to unanimous consent by
                                         the partners;

 

		2.

                                                                                 
	In
                                         the event of transfer of share of capital contribution in the partnership between the
                                         partners, whether in whole or in part, the other partner shall be notified;

 

		3.	Where
                                         a partner is to transfer his share of capital contribution in accordance with the law,
                                         the other partners shall have the preemptive right of purchase under the same conditions.

 

Article
5 Other rights and obligations

 

		1.	Party
                                         B and the other partners shall not transfer or dispose the shares in the partnership
                                         on his or their own;

 

		2.	The
                                         partners shall file to the enterprise registration authority for registration for change
                                         within 30 days after the Agreement in signed;

 

		3.	A
                                         partner’s withdrawal of his contributed capital from the partnership shall be prohibited.
                                         

 

    	 	3	 

     

    

 

Article
6 Liability for breach of the Agreement

 

Party
C shall, on his own will, give all of its shares as the security for the practical performance of the Agreement to the other partners.
Party C promises that if any loss is caused to the other partners due to his breach of the Agreement, he shall be liable for breach
of the Agreement and for damages with the properties aforesaid.

 

Article
7 Miscellaneous

 

		1.	Any
                                         matter not covered in the Agreement shall be discussed and stipulated in a separate agreement
                                         by the partners. 

 

		2.	The
                                         Agreement shall come into effect after it is signed and sealed by the representatives
                                         of the partners. 

 

		3.	The
                                         Agreement (four pages) is made in four originals, three for partners, and one for Guangxi
                                         Keyuan for the purpose of file and record keeping. 

 

Party
A: Sinotech Group Limited (Seal)

 

Representative:
             (Authorized signature)

 

Date:
Sep. 16, 2015

 

Party
B: Ningbo Hengyun Energy Technology Co., Ltd (Seal)

 

Representative:
             (signature)

 

Date:
Sep. 16, 2015

 

Party
C: Ningbo Keyuan Plastic Co., Ltd (Seal)

 

Representative:
             (signature)

 

Date:
Sep. 16, 2015

 

 

5

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