SEC Contract Filing

Filing Date: 2021-03-10

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>ea137380ex10-3_planetgreen.htm
<DESCRIPTION>FORM OF NON-COMPETITION AND NON-SOLICITATION AGREEMENT
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.3</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>NON-COMPETITION AND NON-SOLICITATION
AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">THIS NON-COMPETITION
AND NON-SOLICITATION AGREEMENT (this &ldquo;Agreement&rdquo;) is being executed and delivered as of March 9, 2021 by Yongsheng
Chen and Xiaodong Cai (&ldquo;<B><I>Sellers</I></B>&rdquo;), and Yongsheng Chen serving as director, officer, manager or employee
of the Company (as defined below) or any of its Subsidiaries (&ldquo;<B><I>Managers</I></B>&rdquo; and, together with Sellers,
the &ldquo;<B><I>Subject Parties</I></B>&rdquo;), in favor of and for the benefit of&nbsp;<B>Planet Green Holdings Corporation</B>,
a corporation incorporated in the State of Nevada (&ldquo;<B><I>Parent</I></B>&rdquo;), Jilin Chuangyuan Chemical Co., Ltd., a
limited liability incorporated in China (the &ldquo;<B><I>Company</I></B>&rdquo;), and each of Parent&rsquo;s, and/or the Company&rsquo;s
respective present and future Affiliates, successors and direct and indirect Subsidiaries (collectively, the &ldquo;<B><I>Covered
Parties</I></B>&rdquo;). Any capitalized term used, but not defined in this Agreement will have the meaning ascribed to such term
in the Share Exchange Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, on March 9,
2021, Parent, the Company and Sellers entered into that certain Share Exchange Agreement (as amended from time to time in accordance
with the terms thereof, the &ldquo;<B><I>Share Exchange Agreement</I></B>&rdquo;), by and among Parent, the Company and Sellers,
pursuant to which, subject to the terms and conditions thereof, Purchaser will acquire from Sellers 75% of the issued and outstanding
shares and other equity interests of the Company in exchange for 3,300,000 Parent Shares;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Company
researches, develops and manufactures formaldehyde, urea formaldehyde adhesive, methylal and clean fuel products, and sells such
products in China (the &ldquo;<B><I>Business</I></B>&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, in connection
with, and as a condition to the consummation of the transactions contemplated by the Share Exchange Agreement (the &ldquo;<B><I>Transactions</I></B>&rdquo;),
and to enable Parent to secure more fully the benefits of the Transactions, including the protection and maintenance of the goodwill
and confidential information of the Company and its Subsidiaries, and Parent have required that the Subject Parties enter into
this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Subject
Parties are entering into this Agreement in order to induce Parent to consummate the Transactions, pursuant to which each Subject
Party will directly or indirectly receive a material benefit; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, Sellers, as
former owners of the Company, and Managers, as director, officer or employee of the Company or its Subsidiaries, have contributed
to the value of the Company and have obtained extensive and valuable knowledge and confidential information concerning the business
of the Company and its Subsidiaries.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">NOW, THEREFORE, in
order to induce Parent to consummate the Transactions, and for other good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, each Subject Party hereby agrees as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>1. Restriction on
Competition.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp; <U>Restriction</U>.
Each Subject Party hereby agrees that during the period from the Closing until the later of (i) the four (4) year anniversary of
the Closing Date and (ii) the date on which the Subject Parties, their respective Affiliates or any