Document:

Exhibit
10.5

 

Current
Capital Loans Contract

 

(Contract
No: 2016 JZJZ 001)

 

Borrower:
Yantai Jinzheng Eco-Technology Co., Ltd.

Business
License No: 913706135992875532

Legal
Representative/ Person in Charge: Li Yuebiao

Address:
Ruida Road, Laishan Economic Development Zone, Yantai City, Shandong Province

Zip
Code: 264003

Bank
of Deposit: Bank of China Corp., Yantai Bonded Port Areas Branch

 

Lender:
Bank of China Corp., Yantai Bonded Port Areas Branch

Legal
Representative/ Person in Charge: Zhang Xinquan

Address:
No.88-1 Huanhai Road, Zhifu District, Yantai City, Shandong Province

Zip
Code: 264000

 

The
Borrower and the Lender, after reaching agreement through equal negotiations on the current capital loans to the Borrower by the
Lender, hereby enter into this Contract.

 

Article
1: The Amount of Loans

 

Currency
of this Contract: RMB.

	The
    amount of Loans:	(in
    words) RMB eight million only;
	 	(in figures ) RMB
    8,000,000 Yuan.

 

Article
2: The Period of Loans

 

The
period of loans under this Contract shall be twelve month, the starting date shall be the actual drawdown date, or date of initial
drawings in case of drawdown in installments.

 

The
Borrower shall draw out loans in strict compliance with the stipulated drawdown date. In case the actual drawdown date is late
than the stipulated drawdown date, Borrower shall still repay the loans in accordance with the stipulated repayment schedule.

 

    

     

    

 

Article
3: The Purpose of Loans

 

The
Purpose of Loans: purchasing membrane module, diversion plate, electric motor.

 

Any
misappropriation of the loan proceeds under this Contract is not allowed, including but not limited to the investment on fixed
assets, stock equities, or on any areas and purposes prohibited to manufacture and operate unless there is a written approval
from the Lender.

 

Article
4: The Interest Rate of Loans and the Calculation

 

		1.	The
                                         Interest Rate of Loans

 

Floating
rate shall be executed, the interest rate of the loans shall be calculated from the actual drawdown date (or date of initial drawings
in case of drawdown in installments). Each twelve month shall be a floating cycle and shall reset the rate. The date to reset
the interest rate shall be the first day of the next cycle (the correspondent day of the resetting month), or the last day of
the resetting month in case there is no such correspondent day existing.

 

For
each drawdown:

 

The
floating loan interest rate of RMB shall be executed (based on loan prime rate issued by National Inter-Bank Borrowing Center).

 

		A.	The
                                         interest rate of first cycle (from the drawdown date to the due date of the first cycle)
                                         shall be the average rate of loan prime rate quotation issued by National Inter-Bank
                                         Borrowing Center plus 135.50 points;

 

		B.	The
                                         interest rate shall be reset based on the average rate of loan prime rate quotation issued
                                         on the last working day of that day by National Inter-Bank Borrowing Center plus 135.50
                                         points, together with other installments, as the rate applied on that floating cycle.

 

		2.	The
                                         Calculation of Interest

 

The
interest of loans shall be calculated from the actual drawdown date, and shall be based on the actual amount of drawdown and the
actual days of usage.

 

The
formula of the calculation: interest=principal of loans*actual days of usage*interest rate per day.

 

The
base for calculating interest rate per day is 360 days a year, the conversion equation: interest rate per day=interest rate per
year/360.

 

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		3.	The
                                         Methods of Settling Interests

 

The
interest shall be settled quarterly, each 20th of the last month of each quarter is the day to settle interest, the
next day (21st) is the day to repay interest.

 

In
case the day to repay the last installment of the principal of loans is inconsistent with the day to repay the interest, the former
day shall be the same with the latter day, and the Borrower shall pay off all due interest on that day.

 

		4.	The
                                         Penalty

 

		(1)	In
                                         case the Borrower fails to repay the loans before the due date, or fails to use the loans
                                         for purposes as agreed in this Contract, the Lender shall be entitled to collect default
                                         interest for the overdue part or the misappropriation from the due date or the misappropriation
                                         date in line with the default interest rate stipulated in this article. In case the Borrower
                                         fails to do either of them, the Lender shall be entitled to collect penalty interest
                                         in line with a higher penalty rate.

 

		(2)	In
                                         case the Borrower fails to repay the interest of loans and the penalty interest before
                                         the due date, the Lender is entitled to collect compound interest in line with the methods
                                         of settling interest stipulated in Article 4.3 and the penalty rate stipulated in this
                                         article.

 

		(3)	The
                                         Penalty Rate

 

The
penalty rate for loans under floating rate:

 

		A.	The
                                         rate shall float from the due date or the misappropriation date in line with the floating
                                         cycle stipulated in Article 4.1. The day to reset the penalty rate shall be the correspondent
                                         day of the due date or the misappropriation date in the resetting month, or the last
                                         day of the resetting month in case there is no such correspondent day existing.

 

		B.	The
                                         penalty rate for overdue and misappropriated loans shall be 50% more than the penalty
                                         prime rate stipulated in Article 4.4(3) C.

 

		C.	The
                                         penalty prime rate in first floating cycle shall be the rate of loans actually executed
                                         in the cycle of the due date or misappropriation. The penalty prime rate in next floating
                                         cycle after each floating cycle expiration shall be reset in line with Article 4.1 on
                                         the resetting day.

 

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Article
5: Drawdown Requirements

 

The
Borrower shall satisfy all requirements as follows for drawdown:

 

		1.	The
                                         Contract and the attachments shall come into force;

 

		2.	The
                                         Borrower has provided guarantees as required by the Lender. The Guarantee Contracts are
                                         effective and has been examined, approved and put on record pursuant to related rules;

 

		3.	The
                                         Borrower has reserved and concluded the documents, vouchers, seals, list of staff, specimen
                                         signature related to the performance of this Contract to the Lender, and has filled in
                                         the related loan vouchers;

 

		4.	The
                                         Borrower has opened a necessary account for performing the Contract as required by the
                                         Lender;

 

		5.	The
                                         Borrower shall submit the written drawdown application, and other materials to prove
                                         the purpose of the loans to the Lender, and complete the related drawdown procedures
                                         five (5) banking days before the drawdown;

 

		6.	The
                                         Borrower shall submit the written decisions and authorizations on the agreement of concluding
                                         and performing this Contract by the board of directors or other authorized departments;

 

		7.	Other
                                         requirements as stipulated in laws, regulations, and in this Contract.

 

Should
the above-mentioned requirements not be satisfied by the Borrower, unless agreed by the Lender otherwise, the Lender shall be
entitled to refuse the drawdown applications by the Borrower.

 

Article
6: The Date and Methods of Drawdown

 

		1.	The
                                         Borrower shall draw out the loans in a lump sum within twenty (20) days from October
                                         25th, 2016.

 

		2.	Should
                                         the Borrower fail to draw out the loans before the due date stipulated above, the Lender
                                         shall be entitled to refuse the drawdown applications by the Borrower.

 

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Article
7: Payment of Loans

 

		1.	The
                                         Disbursement Account

 

The
Borrower opened the following account at the Lender for the granting and payment of loans.

 

Account
Name: Yantai Jinzheng Eco-Technology Co., Ltd.

 

		2.	The
                                         Methods of Payment

 

		(1)	The
                                         methods of payment shall be executed in accordance with laws, regulations, regulations
                                         for supervision, and stipulations of this Contract. The method of disbursing an installment
                                         shall be confirmed in the drawdown application. Should the method of payment selected
                                         in the drawdown application is considered not conforming to the requirements by the Lender,
                                         the Lender is entitled to change the disbursement methods or to stop the granting of
                                         loans.

 

		(2)	Entrusted
                                         payment of loans by the Lender refers to the disbursement of loans by the Lender to the
                                         counterparty of the Borrower conforming to the stipulated purposes pursuant to the drawdown
                                         application and the consignation of payment by the Borrower. In accordance with related
                                         rules of China Banking Regulatory Commission and internal management regulations of the
                                         Lender, upon satisfaction of one of the following requirements, the Lender shall disburse
                                         the loans by entrusted payment:

 

		A.	The
                                         Borrower and the Lender newly establish a relationship of credit operations, and the
                                         credit rating of the Borrower fails to satisfy the internal requirements of the Lender;

 

		B.	The
                                         payment target at the time of drawdown application is definite (the account and the account
                                         name are definite), and each payment exceeds three million Yuan (RMB 3,000,000);

 

		C.	Other
                                         requirements as stipulated by the Lender, or as concluded with the Borrower.

 

		(3)	Independent
                                         payment of loans by the Borrower refers to the circumstance that the

 

Lender
disburses the loans to the account of the Borrower pursuant to the drawdown application by the Borrower, and the Borrower independently
pays the counterparty of the Borrower conforming to the stipulated purposes. All other methods of payment shall be independent
payment, unless it conforms to entrusted payment stipulated in preceding clause.

 

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		(4)	The
                                         alteration of payment. In case the external payments, or credit rating of the Borrower
                                         changes after submission of drawdown application, and the requirements stipulated in
                                         Article 7.2(2) are satisfied, the payment of loans shall be altered. Should the amount
                                         of payment, the payment target, or the purpose of loans is changed under the alteration
                                         of payment, or entrusted payment, the Borrower shall provide a written elucidation for
                                         alteration application to the Lender, and shall resubmit the drawdown application and
                                         related transaction materials for proving the purpose of loans.

 

		3.	Specific
                                         Requirements for Entrusted Payment of Loans

 

		(1)	The
                                         consignation of payment. In case the requirements of entrusted payment are satisfied,
                                         the Borrower shall provide a drawdown application with specific consignation of payment,
                                         which authorizes and consigns the Lender to directly disburse the loans to the account
                                         of the counterparty conforming to the stipulated purposes designated by the Borrower
                                         after the loans are transferred to the designated account of the Borrower. The Borrower
                                         shall also provide necessary payment information, such as the name and account of the
                                         receiving counterparty, the amount of payment, etc.

 

		(2)	The
                                         provision of transaction materials. In case the requirements of entrusted payment are
                                         satisfied, the Borrower shall provide its account for disbursing loans, the account information
                                         of the counterparty, and the materials to prove that the drawdown conforms to the stipulated
                                         purposes at the time of each drawdown. The Borrower shall guarantee that all the materials
                                         provided to the Lender are authentic, complete, and effective. The Lender shall bear
                                         no liabilities upon entrusted payment delay due to the inauthentic, inaccurate, and incomplete
                                         transaction materials provided by the Borrower, while it shall in no manner affect the
                                         existing repayment obligations of the Borrower under this Contract.

 

		(3)	The
                                         performance of entrusted payment of loans by the Lender.

 

		A.	For
                                         entrusted payment of loans, the loans shall be disbursed to the counterparty of the Borrower
                                         through the account of the Borrower after the Borrower submits the consignation of payment
                                         and related transaction materials, and the Lender examines and verifies, and approves.

 

		B.	Should
                                         the Lender find the related transaction materials provided by the Borrower, such as those
                                         for proving the purposes of loans, do not conform to this Contract, or have other flaws,
                                         the Lender shall be entitled to require the supplement, substitution, elucidation, or
                                         resubmission of related materials by the Borrower. The Lender shall be entitled to refuse
                                         the granting and payment of the loans before the Borrower submits the related transaction
                                         materials which are considered to be eligible by the Lender.

 

		C.	The
                                         Lender shall bear no liabilities upon entrusted payment delay due to the refund made
                                         by bank of deposit of the counterparty, while it shall in no manner affect the existing
                                         repayment obligations of the Borrower under this Contract. For the refund made by bank
                                         of deposit of the counterparty, the Borrower authorizes the Lender to block hereof. Under
                                         this circumstance, the Borrower shall resubmit the related transaction materials, such
                                         as the consignation of payment and materials to prove the purposes.

 

		(4)	The
                                         Borrower shall not evade entrusted payment by the Lender by way of breaking up the whole
                                         into parts.

 

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		4.	Upon
                                         disbursement of loans, the Borrower shall provide the using records and materials of
                                         loans timely as required by the Lender. The materials hereof include but not limit to
                                         the related transaction materials, such as the receipt of payment, and purchase-and-sale
                                         contract for proving the purposes.

 

		5.	Upon
                                         one of the following circumstances, the Lender shall be entitled to reconfirm the granting
                                         and payment requirements of loans, or stop the granting and payment:

 

		(1)	The
                                         Borrower evades entrusted payment by the Lender by way of breaking up the whole into
                                         parts, which violates this Contract;

 

		(2)	The
                                         credit of the Borrower is decreasing, or the profitability of its principal business
                                         is weak;

 

		(3)	Abnormality
                                         exists in the usage of loans;

 

		(4)	The
                                         Borrower fails to provide the using records and materials of loans timely as required
                                         by the Lender;

 

		(5)	The
                                         Borrower pays the loans by violating this article.

 

Article
8: Repayment of Loans

 

		1.	The
                                         Borrower designates the following account as the one to withdraw funds from circulation,
                                         funds from circulation shall be withdrawn to this account. The Borrower shall provide
                                         the transferring record of funds in this account. The Lender is entitled to require the
                                         Borrower to elucidate the large and abnormal transfers of funds in this account, and
                                         monitor this account.

 

Account
Name: Yantai Jinzheng Eco-Technology Co., Ltd.

 

		2.	Unless
                                         stipulated by the parties otherwise, the Borrower shall repay the loans in accordance
                                         with the repayment schedule hereof: Repay all the loans under this Contract at the due
                                         date. Should the Borrower alter the above repayment schedule, the Borrower shall submit
                                         a written alteration application to the Lender thirty (30) banking days before the maturity
                                         day of the correspondent loans. The alteration shall be approved by both parties in written
                                         form.

 

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		3.	Unless
                                         stipulated by the parties otherwise, in case the Borrower fails to repay the principal
                                         and interest of loans, the Lender shall be entitled to decide the order of repayment
                                         of principal and interest; in case there are several due and overdue loans under repayment
                                         in installments, the Lender shall be entitled to decide the order of certain installments;
                                         in case there are several loans contracts between the two parties expire, the Lender
                                         shall be entitled to decide the repayment order of contracts.

 

		4.	Unless
                                         stipulated by the parties otherwise, should a written notice is given to the Lender seven
                                         (7) banking days before the intended prepayment date, prepayment of loans by the Borrower
                                         shall be allowed. The repayment shall in reverse order, which means the last due loan
                                         shall be repaid by the prepayments first.

 

		5.	The
                                         Borrower shall deposit sufficient funds in the following account for repayment one (1)
                                         banking day before each due date of principal and interest of loans. The Lender shall
                                         be entitled to independently collect the funds at each due date.

 

Account
Name of Repayment: Yantai Jinzheng Eco-Technology Co., Ltd.

 

Article
9: Guarantee

 

		1.	The
                                         methods of guarantee under this Contract shall be:

This
Contract is the principal contract of the Maximum Amount Guarantee Contract (Contract No: 2016 RTBZ 001) concluded by the Guarantor
Yantai Ruitai Medicine Co., Ltd who provide the maximum amount guarantee and the Lender.

 

This
Contract is the principal contract of the Maximum Amount Guarantee Contract (Contract No: 2016 LYBBZ 001) concluded by the Guarantor
Li Yuebiao and his wife who provide the maximum amount guarantee and the Lender.

 

This
Contract is the principal contract of the Maximum Amount Guarantee Contract (Contract No: 2016 ZZBZ 001) concluded by the Guarantor
Zhang Zhuo and her husband who provide the maximum amount guarantee and the Lender.

 

This
Contract is the principal contract of the Maximum Amount Mortgage Contract (Contract No: 2015 CXJDZ 001) concluded by the Guarantor
Chen Xiaojun who provide the maximum amount guarantee and the Lender.

 

This
Contract is the principal contract of the Maximum Amount Mortgage Contract (Contract No: 2015 ZYDZ 001) concluded by the Guarantor
Zhang Yue who provide the maximum amount guarantee and the Lender.

 

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		2.	The
                                         Lender shall be entitled to, and the Borrower shall be obliged to provide new guarantees,
                                         or change the Guarantor to guarantee the loans under this Contract, in case the Lender
                                         considers the abilities of the Borrower and the Guarantor to perform the Contract are
                                         affected, or the Guarantee Contract become invalid, revoked, or terminated, or the financial
                                         status of the Borrower and the Guarantor deteriorate, or the Borrower and the Guarantor
                                         are involved in litigation or arbitration, or other reasons that may affect their abilities
                                         of performing, or the Guarantor violates the Guarantee Contract or other contracts concluded
                                         with the Lender, or the collateral value of guarantees decrease or lose due to devaluation,
                                         damage, loss or seizure.

 

Article
10: Statements and Undertakings

 

		1.	The
                                         Borrower states as follows:

 

		(1)	The
                                         Borrower is a legal entity duly established and validly existing in accordance with Chinese
                                         law, and has sufficient civil capacity to conclude and perform this Contract;

 

		(2)	The
                                         signature and performance are based on the true declaration of will of the Borrower,
                                         are lawfully and validly authorized pursuant to its rules and other requirements of its
                                         internal management documents, and shall in no manner violate any agreement, contract,
                                         or other legal document which has binding force on the Borrower; the Borrower has acquired,
                                         or will acquire all approvals, licenses, records or registrations for signing and performing
                                         this Contract;

 

		(3)	All
                                         documents, financial statements, loan vouchers and other materials provided by the Borrower
                                         are authentic, complete, accurate and valid;

 

		(4)	The
                                         transaction background of business elucidated by the Borrower to the Lender at the time
                                         of application is authentic and lawful, and is not involved in illegal purposes, such
                                         as money laundering;

 

		(5)	The
                                         Borrower does not conceal any events that may affect the financial status and the abilities
                                         of performing the Contract of the Borrower and the Guarantor;

 

		(6)	The
                                         Borrower and the project for loans conform to National environmental standards, and do
                                         not fall into the companies, or projects with high energy consumption, severe polluting
                                         problems and without effective rectification and improvement, published and recognized
                                         by related authorities, and do not have such risks;

 

		(7)	Other
                                         items stated by the Borrower.

 

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		2.	The
                                         Borrower undertakes as follows:

 

		(1)	Report
                                         and submit financial statements (including but not limited to annual, quarterly, and
                                         monthly financial reports) and other materials to the Lender regularly or timely as required
                                         by the Lender; the Borrower guarantee to abidingly satisfy the following financial index
                                         requirement: the asset-liability ratio shall not exceed 80%;

 

		(2)	In
                                         case the Borrower and the Guarantors of this Contract have signed, or will sign counter-guarantee
                                         or similar agreements for their guarantee obligations, such agreements shall in no manner
                                         derogate any rights of the Lender under this Contract;

 

		(3)	Accept
                                         the credit examination and supervision of the Lender, and provide sufficient assistance
                                         and cooperation; the Borrower shall summarize and report the payment and usage of loans
                                         regularly as required by the Lender under independent payment, specific time for summarizing
                                         and reporting: before 5th of each month;

 

		(4)	Consolidation,
                                         split, decrease of capital, stock equity transfer, overseas investment, materially increase
                                         of debt financing and other activities which may negatively affect the Borrower’s
                                         ability to repay the loans shall be subject to written consent from the Lender in advance;

 

Upon
the following circumstances, the Borrower shall notice the Lender timely:

 

		A.	The
                                         articles of association, scope of business, registered capital, or legal representative
                                         of the Borrower and the Guarantor are altered;

 

		B.	Modes
                                         of operations are altered, such as changing into affiliated companies, joint ventures,
                                         cooperative ventures, contract operations, reconstructing, restructuring, and planning
                                         to be listed, etc.;

 

		C.	Being
                                         involved in major litigation or arbitration, properties or guarantees are seized, impounded
                                         or regulated, or to set new warranties on the guarantee;

 

		D.	Being
                                         involved with winding-down, dissolution, liquidation, suspending business for rectification,
                                         revocation, revocation of business license, bankruptcy, etc.;

 

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		E.	The
                                         shareholders, directors, and the present senior managers are under suspicion of involving
                                         in major cases or economic disputes;

 

		F.	Other
                                         events of default by the Borrower under this Contract;

 

		G.	Other
                                         difficulties occurred in business, and the deterioration of financial status, etc.;

 

		(5)	The
                                         repayment to the Lender shall be prior to other loans from its shareholders, and shall
                                         be no later than other debts of the similar kind;

 

		(6)	From
                                         the date this contact coming into force until the principal and the interest of the loans,
                                         and other fees under this Contract are paid off, no dividends or bonus shall be distributed
                                         in any form;

 

		(7)	Any
                                         method to deal with the self-owned assets, which will lower its ability in refunding
                                         the debts, shall not be allowed. The Borrower undertakes that the amount of outwards
                                         guarantee shall be no more than twice times than its self-owned net assets, and the total
                                         of outwards guarantee and the amount of individual guarantee shall not exceed the limit
                                         stipulated in the articles of association;

 

		(8)	Unless
                                         conforming to the purposes stipulated in this Contract, or agreed by the Lender otherwise,
                                         the Borrower shall not transfer the funds under this Contract to accounts of the same
                                         name, or related accounts. Upon this circumstance, the Borrower shall provide the correspondent
                                         proving materials.

 

		(9)	Upon
                                         loans under this Contract, the requirements of loans provided by the Borrower to the
                                         Lender, such as the guarantees, the setting of interest rate, and the order of repayment,
                                         shall be no less than those provided to other financial institutions at present or in
                                         the future.

 

		(10)	The
                                         Lender shall be entitled to withdraw the loans in advance in accordance with the withdrawal
                                         of funds from circulation of the Borrower.

 

		(11)	Before
                                         the granting of loans, the Borrower shall pay off the micro loans to Bank of China.

 

		(12)	The
                                         Borrower promises that after the completion of property right registration for the land-use
                                         right “YGY (2011) No.2125”, land area 32441.61 square meter (the actual area
                                         shall be subject to result of surveying report), the Borrower shall mortgage the land-use
                                         right to the Lender.

 

	(13)	If
                                         the Borrower chooses not to mortgage the land-use right to the Lender during credit period,
                                         the maximum amount the Borrower can get shall narrow down to 3 million.
	 	 
	(14)	Other
                                         items undertaken by the Borrower.

 

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Article
11: Disclosure of Connected Transactions of the Borrower

 

The
Borrower does not belong to group customers confirmed by the Lender pursuant to Risk Management Guidance for Group Customer
in Commercial Bank on Credit Business (hereinafter the Guidance).

 

Upon
one of the following circumstances, the Lender shall be entitled to decide unilaterally the cessation of disbursing loans which
are not in the possession of the Borrower, and shall be entitled to withdraw the principal and the interest partly or entirely
in advance: under false contracts with related parties, the Borrower discounts or pledges to banks based on credits such as notes
receivable, account receivable without actual trading background; the Lender considers the security of loans may be affected due
to the occurrence of major mergers or restructurings; the Borrower intends to evade the credit of banks through related transactions;
other circumstances stipulated by article 18 of the Guidance.

 

Article
12: Events of Default and Remedial Measures

 

Each
of the following events shall constitute or be deemed as an event of default under this Contract:

 

		1.	The
                                         Borrower fails to perform the repayment obligations under this Contract to the Lender;

 

		2.	The
                                         Borrower fails to use any loan in accordance with the purposes agreed under this Contract;

 

		3.	The
                                         Borrower fails to make authentic statements, or violates its undertakings under this
                                         Contract;

 

		4.	Under
                                         the circumstances stipulated in Article 10.2(4), the Lender considers it may affect the
                                         financial status and performing abilities of the Borrower and the Guarantors, and the
                                         Borrower fails to provide new guarantee, and change the Guarantor;

 

		5.	The
                                         credit rating of the Borrower decreases, or the financial index of the Borrower deteriorates,
                                         such as the profitability, ability in refunding the debts, operating ability, or the
                                         amount of cash flows decreases, breaking the index restraint stipulated in this Contract
                                         or other financial covenants;

 

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		6.	Events
                                         of default occurring from other contracts concluded by the Borrower and the Lender, or
                                         by the Borrower and other branches of Bank of China; or from credit contracts concluded
                                         by the Borrower and other financial institutions;

 

		7.	The
                                         Guarantor violates the Guarantee Contract, or events of default occurring from other
                                         contracts concluded by the Guarantor and the Borrower, or by the Guarantor and other
                                         branches of Bank of China;

 

		8.	The
                                         Borrower is involved with suspending business, dissolution, revocation, bankruptcy;

 

		9.	The
                                         Borrower is or will be involved in major economic disputes, litigation, arbitration,
                                         or its assets are seized, impounded or enforced, or other similar proceedings made by
                                         judicial bodies, tax authorities, or administrative bodies for industry and commerce,
                                         which have already or may lead to a material adverse effect on the Borrower’s ability
                                         to perform its obligation under this Contract;

 

		10.	The
                                         principal investors, key management members of the Borrower alter abnormally, disappear,
                                         or are investigated, restricted the right to freedom by judicial bodies pursuant to laws,
                                         which have already or may lead to a material adverse effect on the Borrower’s ability
                                         to perform its obligation under this Contract;

 

		11.	Upon
                                         examination and verification on the financial status and ability of performance of the
                                         Borrower each year (referring to annually as of the date of effectiveness of this Contract),
                                         the Lender finds circumstances which have already or may lead to a material adverse effect
                                         on the Borrower’s ability to perform its obligation under this Contract;

 

		12.	Large
                                         and abnormal transfers of funds exist in the account to withdraw funds from circulation,
                                         and the Borrower fails to provide the elucidation materials recognized by the Lender;

 

		13.	The
                                         Borrower violates other stipulations on parties’ rights and obligations in this
                                         Contract.

 

Where
the foresaid events of default occur, the Lender shall be entitled to adopt the following measures separately or in the meantime:

 

		1.	Require
                                         the Borrower, the Guarantee to rectify its violations within a specified time;

 

		2.	Reduce
                                         or suspend the line of credit partly or entirely, or cancel or stop the line of credit;

 

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		3.	Suspend
                                         or stop accepting the drawdown application by the Borrower partly or entirely under this
                                         Contract, or under other contracts of the Borrower and the Lender; suspend, cancel, or
                                         stop the granting, disbursement and acceptance of the remaining loans;

 

		4.	Declare
                                         that all the principal, interest, and other fees of the remaining loans, trade financing
                                         under this Contract, or under other contracts of the Borrower and the Lender expire partly
                                         or entirely;

 

		5.	Terminate
                                         this Contract, as well as other contracts concluded by the Borrower and the Lender partly
                                         or entirely;

 

		6.	Require
                                         the Borrower to compensate the loss caused by its violations, including but not limited
                                         to court expense, lawyer’s fee, notarial fee, and expense of execution arising
                                         from the realization of creditor’s right;

 

		7.	Directly
                                         deduct the deposit in the account opened at the Lender, or other branches of Bank of
                                         China, to settle partial or all debts owed by the Borrower under this Contract. The undue
                                         loans in the account shall be deemed due in advance. In case of any inconsistency between
                                         the loan currency in this account and the currency used in the Lender’s business,
                                         the exchange rate should be converted based on the listed exchange rate applied by the
                                         Lender at that day;

 

		8.	Exercise
                                         the rights of guarantee;

 

		9.	Require
                                         the Guarantor to undertake the liability of guarantee;

 

		10.	Other
                                         measures deemed as necessary and possible by the Lender.

 

Article
13: Reserved Rights

 

Any
party who fails to exercise partial or all rights under this Contract, or fails to require the other party to perform, undertake
partial or all obligations, liabilities, does not constitute the abandon of the rights, or the immunity of the obligations and
liabilities.

 

Any
party who is given tolerance, extension, or delay to exercise its rights under this Contract, does not affect any rights of the
other party under laws, regulations and this Contract, and shall not be deemed the abandonment of rights.

 

    14

     

    

 

Article
14: Alteration, Modification, and Termination

 

This
Contract may be altered or modified by both parties by a written agreement upon consensus.

 

Unless
stipulated by laws, regulations, and the parties otherwise, this Contract shall not be terminated until all rights and obligations
are fulfilled and performed.

 

Unless
stipulated by laws, regulations, and the parties otherwise, any invalid terms of this Contract shall in no manner affect the validity
of other terms.

 

Article
15: Applicable Law and Settlement of Dispute

 

This
Contract shall be governed by the laws and regulations of the People’s Republic of China.

 

All
disputes arising from the execution of, or in connection with this Contract shall be settled through friendly negotiation. In
case settlement of disputes cannot be reached through negotiation, any party may file a lawsuit to the People’s Court, which
has jurisdiction pursuant to laws.

 

During
the settlement, should the dispute does not affect the performance of other articles under this Contract, other articles shall
be performed.

 

Article
16: Attachments

 

The
following attachments and other attachments confirmed by both parties, constitute integral parts of this Contract, and are of
the same legal effect.

 

		1.	Drawdown
                                         Application (format);

 

		2.	Loan
                                         Vouchers.

 

Article
17: Miscellaneous

 

		1.	The
                                         Borrower shall not transfer its rights or obligations to a third party, unless there
                                         is a written approval from the Lender;

 

		2.	In
                                         case the Lender has to entrust other branches of Bank of China to perform the Contract,
                                         or entitle other branches of Bank of China to take on the burden of and manage the loan
                                         business under this Contract, these branches shall be entitled to exercise all rights
                                         arising from this Contract, file lawsuits, submit the disputes for arbitrations, and
                                         apply for the compulsory implementations in their own names;

 

		3.	Without
                                         affecting other stipulations of this Contract, the Contract has binding force on the
                                         lawful successors and transferees of both parties;

 

		4.	Unless
                                         stipulated by the parties otherwise, the domicile specified in this Contract shall be
                                         the address for parties to communicate. Should the address of any party alter, a written
                                         notice shall be given to the other party;

 

    15

     

    

 

		5.	Transactions
                                         under this Contract shall be based on parties’ independent benefits respectively.
                                         Should the object of transaction constitute an affiliated party or affiliated person
                                         pursuant to laws, regulations and supervision requirements, all parties shall not allow
                                         this affiliated relationship to affect the fairness of the transaction;

 

		6.	The
                                         headings and names of businesses under this Contract are only for convenient reference,
                                         which shall not be deemed as the basis of any interpretation to the contents of the Contract,
                                         or to the rights and obligations of parties;

 

		7.	The
                                         Lender shall be entitled to provide information related to this Contract and the Borrower
                                         to the credit investigation system of People's Bank of China, or other systems legally
                                         established pursuant to related laws and regulations, for the inquiry and use by qualified
                                         institutions and individuals. The Lender shall also be entitled to inquire information
                                         about the Borrower through these systems for conclusion and performance of this Contract;

 

		8.	In
                                         case the drawdown date or the repayment date comes across on an official holiday, it
                                         shall be extended to the first working day following that official holiday.

 

		9.	Due
                                         to termination or alteration of the Contract pursuant to the alteration of laws, regulations,
                                         or requirements made by the regulators, the lender shall be immune from liabilities for
                                         failing to perform the Contract.

 

Article
18: Effectiveness of Agreement

 

This
Agreement becomes effective upon signature and affixing of common stamp/ contract stamp by the legal representatives/ main person
in charge or duly authorized representatives of both parties.

 

This
Agreement is executed in septuplicate, with the Lender, the Borrower, the Guarantor, and the mortgage registry organs each holding
one copy of the same legal effect.

 

    16

     

    

 

The
Borrower:

Yantai
Jinzheng Eco-Technology Co., Ltd. (Seal)

 

Main
Person in Charge or Authorized Representative:

 

/s/
Li Yuebiao

 

Li
Yuebiao (Signature)

 

Date:
2016.10.25

 

The
Lender:

Bank
of China Corp., Yantai Bonded Port Areas Branch (Seal)

 

Legal
Representative/Main Person in Charge or Authorized Representative:

 

/s/
Zhang Xin

 

Zhang
Xin (Signature)

 

Date:
2016.10.25

 

 

17Exhibit 10.6

 

Financial
Support Policy Agreement

 

Party A: Yantai Laishan Economic
Development Zone Management Committee (hereinafter called Party A)

 

Party B: Yantai Jinzheng Environment
Technology Co., LTD. (hereinafter called Party B)

 

Party B uses wastewater treatment
technology based on membranes, which is the core of a new environmental protection project. In view of the project's domestic
technology, market prospects, tax potential, and economic and social benefits, Laishan Economic Development Zone will provide
Party B the following support to promote its rapid development with the approval of the district party committee and the district
government:

 

1. Financial support policy

 

In view that the project belongs
to high-tech encouraged enterprises and the prospects for development, Party A, after review, agrees to give party B 9.732 million
RMB for three science and technology funds. This investment will be used to promote the new product research and development and
expand the scale of production. After obtaining its land-use right, Party B should begin construction of a new factory in 9 months
and complete project construction in 20 months.

 

2. Tax policy support

 

Party B will produce tax revenue
not less than 6 million RMB each year in 2016~2020. In 2016 turnover (business income plus value added tax) will reach 100 million
RMB, during 2017-2020, the annual growth rate of turnover shall be not less than 40%, and in 2020 Party B's annual turnover share
reach 600 million RMB. After Party B reaches the above millstones, Party A will provide Party B with tax incentives as follows;
during 2016-2017, taxes paid by Party B and retained by local government, will be returned in full to Party B, during the 2018-2020,
taxed paid by Party B and retained by the local government, will be returned to Party B at a rate of 50%.

 

This agreement shall take effect
as of the date of signature of both sides, and seals. This agreement in quadruplicate, party A and party B each hold two copies.

 

Party A: Yantai Laishan Economic
Development Zone Management Committee (Stamped)

 

Signature: /s/ Chenlin Huang

 

Party B: Yantai Jinzheng Environment
Technology Co., LTD. (Stamped) Signature: /s/ Zhuo Zhang

 

Date
of Signature: January 20th 2016

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