Document:

Exhibit 10.9

 

The
Maximum Amount of Financing Contract

 

Number:
YT03 (financing) 20160008

Party
A: Yantai Jinzheng Eco-technology Co., Ltd.

Address:
Ruida Road, Laishan District, Yantai

Zip
code: 264000

Legal
representative: Yuebiao Li

Telephone:
0535-6264177       Fax: 0535-6264177

Basic
account bank: Bank of Communication XingFu Branch

 

Party
B: Huaxia Bank Co., LTD. of Yantai XingFu Branch

Address:
No. 46, Xingfu Road, Zhifu District, Yantai

Zip
code: 264000

Legal
representative: Zhang Liang

Telephone:
0535-6857151               Fax: 0535-6857151

 

According
to the provisions of relevant laws and regulations in our country, on the basis of follow the principle of fairness, after the
consensus of the parties, conclude the following contract.

 

Article
1 The Maximum Financing Amount and Category

 

1.1
Party A, within the effective period of maximum financing amout (hereinafter referred to as “ effective period”),
under this contract may apply to Party B for use of the maximum financing amount as follows: the currency, Chinese yuan, the amount
(capital): twenty million yuan (if the business is in foreign currency, the amount is being converted to yuan based on the exchange
rate on that business date).

 

This
contract does not constitute financing obligations that Party B must provide financing to Party A, in any case, Party B shall
be entitled to limit and adjust the valid date and maximum amount under this contract.

 

1.2
This contract under the maximum credit line of financing, includes, but is not limited to: loan, bills acceptance, bills discounting,
trade finance, guarantee or other types of credit recognized by Party B.

 

     

     

    

 

1.3
During the effective period of this contract, the specific business types for which Party A is allowed to use the financing, amount,
term, and usage shall prevail to the specific loan agreement under this contract. The two sides deal with corresponding use according
to the specific loan agreement.

 

Specific
loan agreement can be in the form of the contract signed by both sides and other legal documents submitted by Party A to Party
B and approved by Party B, such as “ letter of credit.”

 

Article
2 The effective period

 

For
the first article of this contract agreement, the effective period starts on July 19, 2016 and ends on June 30, 2017.

 

2.2
Party B has the right to review the usage of maximum financing amount under this contract at any time, and shall have the right
to adjust the effective period.

 

Article
3 the guarantee

 

3.1
In order to ensure the creditor’s rights and debt repayment under this contract, Party A can take collaterals, pledges,
guarantees, or several guarantees which are allowed by law, any guaranty contract should be signed by the guarantor and Party
B separately.

 

3.2
When Party A and Party B sign specific loan agreements under this contract, Party B shall have the right to require Party A to
provide additional guarantees besides those under this article.

 

Article
4 the usage of maximum credit amount

 

4.1
Before each use of the financing amount, Party A should put forward a written application to Party B ten working days in advance,
and Party B has the right to review.

 

After
review and consent by Party B, both parties shall sign corresponding specific loan agreements.

 

4.2
during the effective period, Party A may pay down the credit line and apply to use it again in the amount that has been paid off,
the credit line which is not used in the period is null and void automatically after the expiration of the effective period.

 

4.3
Party A must apply to use the financing amount within the effective period as described in Article 2, each specific loan agreement
signing date shall not exceed the deadline of the effective period, and the date of issue of each loan or the date of Party B’s
acceptance, the date of the letter of credit, the date of delivery against bank guarantee should not exceed the deadline of the
effective period.

 

If
Party B adjusts or both parties agree to extend the effective period, then the deadline shall be the deadline after adjustment.
The effective period for use of the maximum amount on every loan shall be in accordance with the specific loan agreement, and
its term are not restricted by the expiration of the effective period.

 

    	 	2	 

     

    

 

4.4
under this contract, for the business of bills of exchange, letters of guarantee, international trade finance, the terms for fees,
the interest rates and exchange rates, the discount rate for bills discounting shall be agreed in each specific loan agreement
by Party A and Party B.

 

Article
5 Statement and Guarantee of Party A

 

Party
A states and guarantees to Party B as follows:

 

5.1
Party A is incorporated and validly existing according to law, shall have the right to dispose of its assets, and shall have the
right to operate the relevant business under loan agreements, and has the right to sign and perform this contract and other related
specific contracts.

 

5.2
Party A has the approval from its board of directors or proper officers of the company to sign this contract and its loan agreements,
and obtain all the necessary authorization.

 

5.3
The entry into this contract by Party A does not violate any laws and contracts, including but not limited to guarantee agreements
signed with others, or a commitment contract of guarantee to others.

 

5.4
All documents and data provided are true, accurate, legal and effective.

 

5.5
There are no known environmental risks or significant litigation.

 

Article
6 The Rights and Obligations of Party A

 

6.1
During this contract and its specific business period, Party A shall according to the request of Party B, cooperate with the inspection
requests, and timely provide including but not limited to the following:

 

6.1.1
business licenses, organization code certificates, certificates of legal representation, necessary personal information, members
of the board of directors, list of major principals, business licenses, tax registration certificates, tax documents and loan
agreements;

 

6.1.2
all bank records, accounts and information on deposits and lending;

 

6.1.3
in accordance with the requirements of Party B audited balance sheet, income statements, statements of changes in owner’s
equity, sales information, cash flow statements, and notes to financial statements;

 

6.1.4
production management plan, statistics, engineering budget data;

 

6.1.5
information on all external guarantees (including those to any organization of Party B);

 

6.1.6
information on all affiliated enterprises and relationships with Party A, and information on related parties transactions that
have already happened or are impending and transactions that represent more than ten percent of net asset value of Party A, and
information on the guarantees among entities controlled by Party A;

 

6.1.7
litigation, arbitration, administrative penalties, management and staff personal debt disputes, criminal matters.

 

6.2
Party A shall use the credit line in compliance with law and this contract as well as the specific loan agreements entered into
under this contract.

 

    	 	3	 

     

    

 

6.3
Party A should i) submit a written notice to Party B ii) and make the debt liability repayment under this contract (need to obtain
the written consent from party B first), or provide new guarantees approved by Party B in written form at least 30 days in advance
of the following activities: including but not limited to contracting, leasing, trust, asset restructuring, debt restructuring,
shareholding system reform, pool, mergers, division, property right transfers, joint venture (cooperative), reduction in its registered
capital or ceasing business operations, applications for reorganization, the dissolution and bankruptcy, otherwise the above activities
should not be undertaken before all debts in the contract are paid off.

 

6.4
Party A shall provide written notice to Party B three days in advance before it ceases its business operations, closes, dissolves
or applies or files for reorganization, bankruptcy or other legal status changes, and take full effective measures to protect
Party B’s rights.

 

6.5
Party A should give written notice to Party B three days in advance when its normal business operations are endangered or if Party
A believes credit claims of Party B are endangered, and take full effective measures to protect Party B's rights.

 

6.6
If Party A has not paid off the principal and interest under this contract, it may not, without the written consent of Party B,
sell specific assets, prepay other long-term debts, or provide additional debt guarantees for a third party.

 

6.7
Party A is not allowed to sign contracts with any third party that are against the rights and interests of Party B under this
contract and specific loan agreements.

 

6.8
For changes such as the name, residence, legal representative, or other major changes, such as changes in executives, Party A
should give written notice to Party B within 7 days after the change.

 

6.9
Party A shall pay under this contract the principal and interest and accrued expenses on time.

 

6.10
If Party A uses the credit line for purposes of international trade financing business (including packaged loans, import and export
trade, open letters of credit, letters of guarantee, discount and acceptance) Party A guarantees: to strictly abide by the international
chamber of commerce for the business in the uniform customs and practice for documentary credit (latest version), “the uniform
rules for collections” collections (URC522) and other relevant international practices, and not damage the interests of
Party B's credit standing and commercial interests due to the disputes with others.

 

6.11
If due to the breach of this contract and any specific loan agreement by Party A, which causes Party B to initiate creditor’s
rights proceedings through litigation, arbitration or other actions, Party A shall pay Party B’s appraisal fees, valuation
fees, auction fees, arbitration fees, notary fees, legal fees, and other reasonable expenses and fees incurred by Party B when
performing its creditor’s rights.

 

6.12
When Party A belongs to a group of companies that has several members (legal entities or companies):

 

    	 	4	 

     

    

 

6.12.1
shall provide to Party B the relevant group company related information, including but not limited to members of the group client
name, legal representative, actual controllers, registered capital, the main business, equity structure, senior management, financial
condition, material assets project, and guarantees.

 

6.12.2
shall timely report to Party B in writing the related party transactions that are more than ten percent of the net asset value,
including but not limited to the parties relationship, the nature of the trading projects and trading, description of the transaction,
or the corresponding proportion and pricing policies.

 

6.13
Party A should strengthen the environmental and social risk management, and accept and cooperate with Party B or its approved
third party for supervision and inspection requests of Party B, and timely submit to Party B environmental and social risk reports.

 

Article
7 The Rights and Obligations of Party B

 

7.1
Party B has the right to according to the relevant management regulations of Huaxia Bank and credit approval process to decide
whether to sign the specific loan contracts with Party A, and shall have the right to do an inspection and supervision of the
business situation of Party A at any time.

 

7.2
Party B agrees that the usage of the financing amount by Party A shall be in accordance with the specific loan agreement and in
a timely manner.

 

7.3
Party B shall keep confidential relevant debt, property, production, management and other aspects of the data and information
provided by Party A to Party B, but with exception of those related to laws and regulations and regulatory policy.

 

Article
8 Credit Risk Control

 

8.1
During the period of using the maximum financing under this contract, to meet the requirements of Party B’s risk control,
Party A ensures to continuously meet the following financial indicators requirements: / if the specific loan agreement has other
provisions, the specific loan agreement shall prevail.

 

8.2
During the period of using the maximum financing under this contract, to meet the requirements of Party B's risk control, Party
A ensures that the business settlement is according to the following agreement:

 

If
Party B is the main clearing bank of Party A, then Party A's main settlement/clearing business must be done through its accounts
at Party B.

 

If
Party B is not the main settlement/clearing bank of Party A, then Party A must provide statements or other relevant materials
of the main settlement account to Party B each month.

 

Article
9 Repayment in Advance

 

9.1
In the process of performance of this contract, Party B has the right to require repayment in advance according to the following
conditions:

 

9.1.1
Party A provides false materials or conceals important financial facts;

 

    	 	5	 

     

    

 

9.1.2
Changes the use of funds without Party B’s agreement or Party A engages in illegal and improper trading with financing funds;

 

9.1.3
Party A violates any contract, agreement, guarantees signed with others (including Party B in this contract), or promises made
unilaterally; or commits serious breaches to other debts obligations;

 

9.1.4
the guarantee ability of the guarantor to this contract is not sufficient, or the pledged property or the collaterals are expropriated,
damaged, or its value decreases significantly, and Party A can't provide a new guarantee according to the request of Party B;

 

9.1.5
during the effective period of this contract, Party A clearly states or with their own behavior shows that it can’t follow
or perform according to this contract or specific loan agreement obligations;

 

9.1.6
Party A transfers assets, capital, incurs debts, and engages in behavior that damages Party B's interests;

 

9.1.7
Party A fails to fulfill its commitment under Article 5 of the contract or fails to perform the obligations as agreed in the contract
or specific loan agreements;

 

9.1.8
Refuses to accept Party B’s supervision and inspection to its credit funds usage and relevant business activities;

 

9.1.9
Party A uses false contracts entered between related parties, drafts with no real trade backing, accounts receivable and other
claims or improper financing to obtain financing from Party B

 

9.1.10
Using transactions with affiliates to evade creditor’s rights and interests of Party B;

 

9.1.11
Without Party B’s written consent and if debt is still owed under this contract or specific loan agreements, or without
providing Party B with new guarantees approved by Party B, when there are changes to Party A’s mode of operation, its own
system, or legal status, including but not limited to, contracting, leasing, trust, asset restructuring, debt restructuring, shareholding
system reform, pool, mergers, division, property right transfer, joint venture (cooperative), reductions to its registered capital,
applications for dissolution (or cancelations), applications for restructuring, reconciliation and bankruptcy.

 

9.1.12
If the group of companies that Party A belongs to overall credit conditions, operating and financial conditions appear in serious
crisis, and pose major threats to Party B loan rights;

 

9.1.13
Party A sells, transfers or otherwise disposes of any major assets; operating and financial conditions deteriorate, which lead
to it not being able to repay debts; or involves major economic litigation or arbitration, and other legal disputes, involving
major administrative penalties, which may have a negative impact or serious consequence on Party B’s rights and claims;

 

9.1.14
Party A is in the situation of termination, dissolution, suspension, closure, being ordered to close down, or its business license
is being revoked and cancellation;

 

9.1.15
violation of this contract by Party A, or the guarantor under this contract is in violation of any obligation of the guaranty
contract, which Party B deems to have adverse impact on its creditor's claims;

 

    	 	6	 

     

    

 

9.1.16
Party A due to violation of food safety, production safety, environmental protection, and other environmental and social risk
management laws, regulations or industry standards, resulting in an accident with significant liability, causes significant environmental
and social risk events, has or may affect its obligations and performance under this contract or specific loan agreement.

 

9.2
Applying for prepayment, Party A shall submit a written application ten working days in advance to Party B; after Party B's written
consent, it should be treated in the following way:

 

Applied:
Party B collects interest according to the specific loan agreement under this contract lending rates and the actual use of days;

 

Not
applied: other than collecting interest in accordance with the specific loan agreement under this contract of loan interest rate
and the actual use days, Party B according to the prepayment amount % charges compensation. But the compensation amount shall
not exceed the prepayment amount * specific business contract lending rates / 360 x number of days in advance.

 

Article
10 The Contract Comes into Effect, Transfer and Change

 

10.1
This contract is effective from the date of both parties execution of the contract; but before Party A and the guarantor at the
request of Party B enter into a guaranty contract and complete guarantee procedures agreed in the guaranty contract and the guaranty
contract has become effective/collateral has been set up/pledge has been set up, Party B has no obligation to allow Party A to
use any of the credit line.

 

10.2
Party A agrees that, after the contract comes into force, Party B can transfer the creditor's rights and claims under this contract
and the specific loan agreement in whole or in part to a third party.

 

10.3
After this contract comes into force, if Party A transfers the debt under this contract and the specific loan agreement in whole
or in part to a third party, Party A shall submit the written documents to Party B that the guarantor agrees to continue to undertake
the obligation to guarantee or provide a new guarantee and this must be agreed by Party B in writing.

 

10.4
After this contract comes into force, neither party can make changes without authorization and agreement from the other party.
If change is needed, both parties shall reach a written change agreement.

 

Article
11 Confidentiality

 

Either
party bears the confidentiality obligation to the commercial secrets, contract terms and any information related to the interests
of the other party obtained during the contract signing process and in the course of implementation of the contract. Unless otherwise
required by the laws and regulations and regulatory policy, without the consent of the other party, either party shall disclose
to any third party such information.

 

    	 	7	 

     

    

 

Article
12 Governing Law and Dispute Resolution

 

 12.2 This contract is governed by the laws of the People's Republic of China.

 

12.2.1
All disputes related to this contract and/or specific loan agreements shall be negotiated for solution; If negotiation fails,
any party can solve in the following way, unless there are agreed provisions in the specific loan agreement for the jurisdiction
of the dispute:

 

Applied:
Prosecution in the people's court in the venue of of Party B’s address;

 

Not
applied: apply for arbitration to the arbitration commission.

 

Article
13 Notice and Delivery

 

During
the effective period of the contract, if there are changes to the contract information on the first page of the contract (the
name of the legal person, the legal representative of Party A, residence, telephone and other information) and Party A fails to
send written notice to Party B, and Party B sends all the documents to Party A according to the information contained in this
contract, it shall be deemed as delivered.

 

Article
14 the bylaws

 

14.1
Any specific loan agreement made by the parties under this contract are part of this contract, and are made as a whole; if the
specific loan agreements are inconsistent with this contract, the specific loan agreements shall prevail.

 

14.2
Party A authorizes Party B according to the provisions of relevant laws and regulations or other normative documents or financial
regulatory requirements, to provide information about the contract and other relevant information to the credit information database
of the people's bank of China or other credit databases established in accordance with laws, which allows organizations or individuals
with appropriate qualifications to query and use. In addition, Party A authorizes Party B the right to search and query the relevant
information of Party A at the credit information database of the people's bank of China and other lawfully established credit
databases for the purpose of setting up the contract and fulfilling contract obligations.

 

14.3
..This contract uses the check mark √ or applied and X when choices are provided within the contract. “√”
denotes the clause would be applied and “X” means the clause would not be applied.

 

14.4
Party A has one copy of this contract, Party B has two copies and the guarantor/copy, all these have the same legal effect.

 

14.5
other matters as agreed upon by both parties

 

1,
the above products and services provided under the contract price (including price, income, expenses, etc.) all include VAT price
quotation.

 

2,
if the contract involves two or more tax or levy rates, its corresponding tax rates are calculated respectively.

 

    	 	8	 

     

    

 

14.6
Party B has taken a reasonable way to remind Party A to pay attention to the terms under this contract that exclude or limit Party
B's responsibility and provide sufficient explanation to the related terms and conditions at the request of Party A.; There is
no disagreement on the interpretation and understanding of the terms and conditions of the contract by both parties.

 

	Party A:	 (Seal)

 

Main
Person in Charge or Authorized Representative:

(Signature)

 

	/s/
    Yuebiao Li	 
	Yuebiao
    Li	 
	Date:  July
    19, 2016	 

 

	Party B:	 (Seal)

 

Legal
Representative/Main Person in Charge or Authorized Representative:

(Signature)

 

	/s/
    Zhang Liang	 
	Zhang
    Liang	 
	Date:  July
    19, 2016	 

 

 

9Exhibit 10.16

 

Contract
Number: JM50310120160074

 

Working
Capital Loan Contract

 

Borrower
(Party A): Yantai Jinzheng Environmental Technology Co., Ltd.

Address:
RuiDa Road, LaiShan District, Yantai

Legal
Representative: Li Yuebiao

 

Creditor
(Party B): Hua Xia Bank, Xing Fu Sub-branch, Yantai

Address:
No. 41, XingFu Road.

Legal
Representative (Person In-Charge): Zhang Liang 

 

 

 

Whereas
Party A applies for a loan from Party B and Party B agrees to grant a loan to Party A for the purpose as specified in Section 2.1
hereunder. To specify their rights and obligations, Party A and Party B hereby enter into this contract after negotiation in accordance
with the Contract Law, General Rules of Loan and relevant laws and regulations.

 

Article
1 Type of Loan 

 

1.1      The loan under this contract is (middle-term or short-term) working capital loan.

 

Article
2 Amount of Loan and Currency

 

2.1      The currency of the loan under this contract is RMB.

 

2.2      The amount of the loan under this contract is (in word): Ten Million Yuan Only.

 

Article
3 Purpose of Loan 

 

3.1      The loan hereunder shall be used for the purpose mentioned and approved in attached “Withdrawal application” only.
Party A shall not change the purpose of the loan hereunder without the written consent of Party B.

 

Article
4 Term of Loan 

 

4.1      The
term of the loan hereunder is 12 months, from July 26, 2016 to June 28, 2017. 

 

4.2      Party A shall collect the loan in one time on July 26, 2016. Party A shall submit withdrawal application at least one working
day in advance to get the approval of Party B.

 

4.3      Party A choose to repay loan principal in one time on June 28, 2017.

 

4.4      The practical withdrawal and repayment date shall be the date stated on the indebtedness certificate under this contract. The
indebtedness certificate, withdrawal form or any other attachment approved by both parties is the integral part of the contract.
In case of any discrepancy between indebtedness certificate and withdrawal form, the indebtedness certificate shall prevail.

 

     

     

    

 

Article
5 Interest Rate of the Loan

 

5.1      The
interest rate under this contract is 5.655% per annum. If the benchmark interest rate of the corresponding grade of the
People’s Bank of China is adjusted before the actual release date of the loan, the interest rate under this contract shall
be conducted subject to the adjustment as specified in 5.5 hereunder.

 

5.2      The
interest rate of the loan will be accrued effective from the actual withdrawal date. Interest Amount = Actual loan balance X actual
days in interest accrual period X annual interest rate /360(days)

 

5.3      The interest of loan hereunder shall settle on a monthly (monthly/quarterly) basis. The interest payment day is the
20th of each month. The interest shall be paid up upon maturity of loan.

 

5.4      If
the benchmark interest rate of the corresponding grade of the People’s Bank of China is adjusted after the actual release
date of the loan, the interest rate under this contract shall be unchanged.

 

5.5      The
interest rate of the contract is calculated at    /    % (upwards/downwards) from the benchmark
interest rate of the corresponding grade of the People’s Bank of China as specified in 5.1 and 5.4 terms.

 

Article
6 Withdrawal of Loan

 

6.1      Party
A shall satisfy the following conditions before the withdrawal:

 

6.1.1   Borrow has satisfied all necessary government approval, permit, license and other legal formalities and other formalities, and
such approval, permit or registration remains effective.

 

6.1.2   All related documents required by party B .

 

6.1.3   Right of guarantee has been effectively set up, this Contract together with the corresponding guarantee contract (if any) have
been signed and remain effective.

 

6.1.4   Party A does not breach this contract.

 

6.1.5   All
declarations and guarantees shall be authentic, correct and effective before the withdrawal date;

 

6.1.6   No significant adverse change has happened to Borrower’s operation and financial status before the withdrawal date.

 

    	 	
2
	 

     

    

 

6.2      Party A shall make withdrawal in accordance with this contract, and sign the indebtedness certificate, which is an integral
part of this contract.

 

6.3       if
the Borrower fails to fulfill the drawing procedure , Party B has the right to cancel or release the loan . Party A shall submit
all related documents when conditions are satisfied.

 

Article
7 Advance and Payment of Loan 

 

7.1      Method: Payment by the Party B in a fiduciary capacity 

 

7.2      Not applicable.

 

7.3     The
Method means Party B shall pay the Loan via Party A’s account in accordance with party A’s withdrawal form and declaration
of intentionin the form, then directly to Party A’s third-party payee who shall use such loan in compliance with this contract,
after Party B reviews whether the information like payment object (third-party payor), and payment amount in the payment application
is consistent with relevant documents provided by Party A.

 

7.4      Not applicable.

 

7.5      Not
applicable.

 

7.6      Party A shall provide the third-party payor party information, supporting documents about the purpose of loan requested from
Party B. Party B shall not be responsible for termination or suspension of the payment due to untruthfulness, inaccuracy, incompleteness
and ineffectiveness of the abovementioned documents.

 

7.7      Party A shall not use the loan the pay the relevant fees to its brokerage firm or to third-party payees that are affiliated
with Party A and not conform to the purpose of the loan.

 

Article
8 Payment Monitoring

 

8.1      Party
A’s capital return account designated by Party B has been identified.

 

8.2      Party B has right to manage and monitor the capital return account. Party A shall provide information about the capital return
account on time.

 

8.3      Upon credit and financing status of Party A , Party B has right to negotiate and sign account management agreement with Party
A, to specify the management of the designated account.

 

    	 	
3
	 

     

    

 

Article
9 Repayment of Loan

 

9.1      Party A shall repay the loan hereunder with the capital from the sources, including but not limited: sales income.
No provisions any in other contracts in which Party A is a party shall effect Party A’s repayment obligation under the contract. 

9.2Party
A shall repay the due amount (interest or principal) before the end of the business time on the repayment date of the specified
account which Party A opened with Party B. If the repayment date falls on a legal holiday, it shall be rescheduled for the next
working day.

 

9.3      Party B has right to directly deduct any unpaid amounts from Party A’s accounts set up in Party B.

 

9.4      payments
shall be made based on following order: expenses to realize the creditor’s right and guarantee rights, damage remedy, breaching
penalty, compound interest, overdue interest and interest penalty, interest, principal. Party B has right to change the order.

 

9.5      Party A shall not repay the Loan in advance without written consent of Party B. Party A shall notify Party B 10 working days earlier
and Party B will accrue the interest based on agreed rate and actual loan days.

 

Article
10 Security 

 

10.1    The security method of the loan here under: Guarantee

 

10.2    Party A shall be obliged to actively assist Party B and procure Party B to enter into the security contract (No: YT03(Gaobao)20160008 )
with the guarantor ( Yantai Ruitai Medical Co., Ltd.), to specify the maximum guarantee amount under the contract.

 

Article
11 Financial agreement

 

Within
the effective period of this contract, Party A shall follow the financial index agreement as follows.

 

NO
CONTENTS.

 

Article
12 Statements and Warranties of Party A 

 

Party
A makes the following statements and warranties to Party B.

 

12.1    Party
A is an independent legal entity who possesses all of the necessary rights and abilities and is able to perform the obligations
under this Contract in its own name and independently assume civil liability.

 

    	 	
4
	 

     

    

 

12.2    Party
A is entitled to sign this Contract and has completed all authorizations and approvals from the shareholders, board of directors
and other authorities necessary for the signing of the Contract and performing the obligations here-under.

 

12.3    The
signing and performance of the Contract will not be in violation of the law (the law referred to herein includes laws, rules,
regulations, local laws, and judicial interpretation etc., same hereunder), relevant documents of competent authorities, judgments,
rulings which should be observed by Party A and are not in conflict with any article in any association, contract, agreement signed
by Party A, or any other obligation undertaken by Party A.

 

12.4    Party
A is in strict compliance with the policy of honesty and integrity in the course of signing and performance of the Contract, all
the information and documents supplied to Party B by Party A are true, valid, accurate and complete.

 

12.5    Party
A produces and operates in compliance with laws and regulations, and has the ability to operate sustainably, and have a legitimate
source of repayment. Senior management of the Borrower has no illicit record.

 

Article
13 Rights and Obligations of Party A

 

13.1    Party A has the right to withdraw and use the loan in accordance with the terms and purpose as specified in the Contract.

 

13.2    Party
A shall set up settlement account upon Party B’ designation and accept Party B’s investigation and supervision over
the use of loan under the Contract.

 

13.3    Party
A shall apply the loan in accordance with this Contract, and shall not apply the loan for other purposes, or use such loan for
fixed asset investment, equity investment or in any other industry or for any other purpose prohibited by the State.

 

13.4    Party
A shall comply with the practices and policies of operations of Party B and the loan business, including but not limited to cooperating
with Party B in loan payment management and monitoring the use of the loan and the operation of Party A , and shall provide all
the financial statements, loan application records and materials, affiliates and transaction information of such affiliates and
other materials and information as required by Party B. Party A shall ensure that all such documents, materials and information
are true, complete and accurate.

 

13.5    Party
A shall repay principal and interest of the loan hereunder as stipulated in the Contract.

 

    	 	
5
	 

     

    

 

13.6    
In case of contracting, lease, joint stock restructuring, joint operation, merger, acquisition joint venture, division, decrease
of registered capital, changes in equity, major assets transfer and other activities that that may impair Party’s right
and interest, Party A shall notify Party B in a written form at least thirty days in advance and obtain the written consent of
Party B. Otherwise, Party A shall not undertake the above activities until all the debts are discharged.

 

13.7    In case of going out of business, dissolution, cessation of production for rectification, cancellation or revocation of business
license, Party A shall notify Party B within 3 days in writing and ensure the ability to repay the principal and interest immediately.

 

13.8    In
case of any circumstances, which threaten the normal operation and seriously affect the obligation of repayment under this contract,
including but limited to material economic disputes, bankruptcy, deteriorated financial position, Party A shall notify Party B
in writing within 3 days.

 

13.9    Party
A shall inform Party B of any change of its domicile, corresponding address, business scope, legal representative, and other industrial
and commercial registration within 7 days after the change.

 

13.10    Before
repayment of the principal and interest under this Contract, Party A shall not sell specified assets, prepay other long-term debts
and provide extra guarantee for third parties without Party B’s consent, which causes any significant adverse effect on
its economic and financial status, or on its ability of performance of this contract.

 

13.11    Party
A cannot sign any contract that has significant adverse effect on this Contract;

 

13.12    Guarantor
violates any of its obligations or statements; Party A shall supply a new guarantee immediately for Party B’s approval or
prepay the loan.

 

13.13    Party
A shall sign for the notice letter or documents posted by Party B in a timely manner.

 

13.14   Party
A shall strengthen environmental and social risks management, accept the supervision and inspection of the third party recognized
by Party B, and submit the related reports upon Party B’s requirement.

 

Article
14 Rights and Obligations of Party B

 

14.1    to
ask Party A to provide all the relevant materials;

 

14.2    to
supervise and examine the use of the loan and be informed of the operation and financial status of Party A.

 

    	 	
6
	 

     

    

 

14.3    to
ask Party A set up settlement account and supervise this account in accordance with the Contract.

 

14.4    to
protect its creditor’s right.

 

14.5    to alter conditions and method of loan payment, or stop advancing and payment and unilaterally declare early maturity of all
the principal of the advanced loan hereunder, and require Party A to immediately repay all the principal of the due loan and settle
the interest.

 

14.6    to
recover the loan in advance in its own discretion according to the situation of capital recovery of party A, and exercise other
rights hereunder or provided by law.

 

14.7    to grant loan to Party A on time and in full as specified in the Contract.

 

14.8    to keep confidential the materials provided by Party A concerning information of liabilities, finance, production, and operation,
unless otherwise required by the contract and laws and regulations.

 

14.9    Within
the validity of the contract, Party A shall issue notice of any address changes in a timely manner.

 

Article
15 Breach of Contract 

 

15.1    Both Parties hereto shall fulfill the obligations as specified in the contract after the contract goes into effect. Any party
who fails to fulfill the obligations hereunder shall bear the liabilities of breach of contract.

 

15.2    Should Party A fail to apply for or withdraw the loan or the guarantor fails to complete related procedures exceeding 30 days
(including holidays) as stipulated in this Contract, Party B has the right to terminate the contract and recover all principal
and interest under the loan.

 

15.3    Should
Party A fail to repay the principal and interest under the contract on time, Party B has the right to request for repayment within
a specified time. Party B will collect an additional 50% on the original interest rate in this Contract as a penalty interest
rate, calculated as overdue interest.

 

15.4    Should
Party A fail to use the loan for the purpose as stipulated in the contract, Party B has the right to cease to issue the loan,
reclaim part of or all loan proceeds or terminate the contract. In addition, Party B will collect an additional 100% on
the original interest rate in this contract as a penalty interest rate, calculated as penalty interest and compound interest from
the date of breach.

 

15.5    Should
Party A fail to use the loan for the purpose as stipulated in the contract, Party B has the right to claim overdue interest, interest
penalty and compound interest on monthly basis.

 

    	 	
7
	 

     

    

 

15.6    Should
Party A fails to repay the principal or pay the interest of the loan in the full amount and on time, it shall bear the fees for
collecting overdue payments, litigation (or arbitration), including attorney’s fees, or any other reasonable fees for recovering
the loan.

 

15.7    Should
Party B fail to release loan within 7 working days after Party A fulfills all drawing conditions and submits the withdrawal application,
Party A has right to charge penalty as specified in 15.3 this Contract.

 

Article
16 Early recovery of Loan

 

This
Contract shall terminate in advance when any of the following events occurs:

 

16.1    Party
A fails to repay the principal or pay the interest of the loan in the full amount and on time, or fails to use the loan for the
purposes provided herein.

 

16.2    Party
A fails to use the loan in the payment method stipulated in the Contract.

 

16.3    Party
A fails to fulfill the financial index.

 

16.4    Party
A fails to withdraw and use the loan in the agreed ways.

 

16.5    Party
A violates the contract by evading the payment of Party B in a fiduciary capacity.

 

16.6    Party
A provides false financial statements or other loan documents.

 

16.7    Party
A refuses Party B’s supervision over the use of loan and relative production, operation and financial activities.

 

16.8    Party A engages in equity investment with the loan.

 

16.9    Party A uses the loan in securities, futures, real estate, to engage in speculative business or engage in, illegal transactions.

 

16.10   Party A obtains the loan for lending to seek illegal income.

 

16.11  Party A uses fraud to obtain the loan.

 

16.12  Uses false documents to obtain the bank funds.

 

16.13  Uses fraudulent transfers to try and avoid its debt.

 

    	 	
8
	 

     

    

 

16.14  Party A signing any contract or agreement, or to unilaterally make promises or guarantees with others (including Party B in this
contract), which causes a breach of the loan.

 

16.15  Important
changes of Party A in its internal organization and legal status, including but not limited to: contracting, leasing, joint operation,
external investment, shareholding, merging (acquisition), joint venture (cooperation), division, share transfer, practical increase
in debt financing, subsidiary set up, transfer of property rights, reduction in registered capital, stoppage of operation, dissolution,
file a petition for bankruptcy, reformation and other actions, and such changes do not receive the written consent of Party B
and Party A can not ensure the ability to repay the loan or provide new guarantees requested by Party B.

 

16.16  Major
economic disputes, deteriorated financial situation, which may seriously affect or endanger the exercise of Party B’s rights;
any other event that may endanger or cause serious losses to the execution of the creditor’s rights under the contract.

 

16.17  Going
out of business, dissolution, cessation of production for rectification, cancellation or revocation of business license

 

16.18  Any
other event that may endanger or cause serious losses to the exercise of the creditor’s rights under the contract.

 

Article
17 Validity of Contract

 

17.1    The
Contract shall come into effect on signing date of both parties.

 

Article
18 Transfer and modification of Contract

 

18.1    Party
A agrees that, during the validity of the contract, Party B could transfer the debt partially or completely to a third party.

 

18.2    After the commencement of the contract, if Party A transfers all or part of the debts under the contract to a third party, it
should provide written documents of agreement and guarantee obligations or provide new guarantees approved by Party B.

 

18.3    After
the contract takes effect, any party shall not modify or terminate the contract unless otherwise specified in the contract. The
modification or termination of the contract, if required, shall be subject to the written agreement of both parties hereto through
consultation.

 

18.4    In
case PartyA wants to extend the loan, it shall submit written application for Party B’s approval. The term of loan shall
not be extended until Party B agrees to extend the Loan after inspection and they execute an agreement for extension. The loan
contract shall remain in force before the parties hereto execute the extension agreement.

 

    	 	
9
	 

     

    

 

Article
19 Confidentiality 

 

Both
Parties shall keep confidential all the trade secrets and other information and materials marked as confidential in writing, unless
required to be disclosed by the applicable laws and regulations or listing rules and judicial authorities or government authorities.
Above information is not allowed to disclose to any third party without other party’s consent.

 

Article
20 Applicable Laws and Dispute Resolution

 

20.1    The
Laws of the People’s Republic of China are applicable to this contract.

 

20.2    Any
dispute arising from execution of the contract shall be firstly settled by both parties hereto through consultation. In case no
settlement can be reached through consultation, the disputes shall be submitted to People’s Court where Party B is located
for litigation.

 

 

Article
21 Notices and delivery

 

Should
Party A fails to notify Party B in writing in time on any changes of the information shown in the first page of this contract
(including Party A’s legal name, address and telephone number), the notice and all documents, which Party B sends out to
Party A shall be deemed as served on the date of delivery.

 

Article
22 Supplementary Provisions 

 

22.1    Should
Both Parties signed Maximum Financing Contract (No. YT03 (Rongzi) 20160008), this contract will be the practical business contract
under the Maximum Financing Contract.

 

22.2    According
to relevant laws and regulations, Party A authorizes Party B to supply information in this contract to Credit Database of People’s
Bank or any other credit database legally established, in order to let appropriate persons obtain relevant information by researching
the databases. Party A authorizes Party B to obtain relevant information about Party A by researching the credit databases, in
order to enter into and perform this contract.

 

22.3    Should
one Party modify the contract based on applicable laws and stipulations, the other party shall coordinate and agree. Otherwise,
unreleased loan proceeds will be suspended.

 

22.4    Other
agreed matters

 

1.  
Quotations for agreed products (including pricing, revenue and expenses) include VAT prices.

 

2.  
If two tax rates are involved in the contract, the products will be calculated separately. 

 

    	 	
10
	 

     

    

 

22.6    The
contract is made in quadruplicate with the equal legal effect. Each of Party A, Party B and     /    
shall hold one.

 

22.7    Any
appendices under this Contract are an integral part of this contract and has the same legal effect as the main text.

 

22.8    Both
parties have no disagreement towards any of the provisions herein and have an accurate understanding of the legal implications
of the provisions with respect to the rights and obligations, restrictions of responsibility or release provisions of the subject
persons.

 

Signing
page (no main text)

 

PartyA
(official chop)

Legal
Representative or Duly Authorized Representative

(signature
or chop): /s/ Li Yuebiao

Date:
July 26, 2016

 

Party
B (official chop)

Person
in Charge or Duly Authorized Representative

(signature
or chop) : /s/ Zhang Liang

Date:
July 26, 2016

 

    	 	
11
	 

     

    

 

Annex:

 

Working
Capital Loan Withdrawal Application

 

(applicable
to Party B in a fiduciary capacity )

 

The
Applicant (the client, Party A):

 

Yantai
Jinzheng Environment Technology Co., Ltd.

 

The
Lender (the trustee, Party B):

 

Hua
Xia Bank, Xing Fu Sub-branch, Yantai 

 

Based
on the Working Capital Loan Contract signed between Party A and Party B with serial number of : JM50310120160074 (hereinafter
referred to as the “Loan Contract”), Party A applies to withdraw (currency) RMB (amount in words), Ten Million
yuan only for purchasing raw materials. The withdrawal date is July 26, 2016, and repayment date is June
28, 2017. Party B has the right to adjust the repayment date of this withdrawal according to the provisions in the Loan Contract.
Party A confirms to meet all withdrawal conditions agreed on in the Loan Contract, and provides Party B with all necessary materials
for this withdrawal application to review. After approval by Party B, the withdrawal amount will be transferred to Party A’s
account, which is opened with Party B. Party A, unconditionally and irrevocably, entrusts Party B to pay particular third party
for the deal according to the following payment information; Party A promises, after the amount is transferred to its account,
except for the above entrusted payment, will not use the withdrawal amount in any other way or transfer to any other party, break
of the promise will constitute a breach of the Loan Contract and give Party B the right to ask Party A to bear the responsibility
of breach according to the provisions in the Loan Contract.

 

     

     

    

 

	Serial	Account
    Name	Amount	Bank	Purpose
	1	Yantai
    Kang Xing Trade Co., LTD	Ten
    Million yuan	China
    Construction Bank, Er Ma Road Sub-branch	Purchasing
    materials
	 	 	 	 	 
	 	 	 	 	 

 

Applicant
(the client) (seal) : Yantai Jinzheng Environment Technology Co., Ltd.

 

Date
of application (entrustment) : July 26, 2016

 

The
following are filled in by the bank:

 

	Opinion
                                         of

         

        person in charge :
	Agree

         

        Person in charge: Jing Sun
	Date:
    July 26, 2016
	Opinion
                                         of

         

        head of unit:
	Agree

         

        Head of unit: Liang Zhang
	Date:
    July 26, 2016

 

(Note:
this withdrawal application form is in triplicate, the first copy is kept by accounting department, the second copy is kept by
leading department, the third copy is kept by operation department.)

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