Investment Agreement of Xinda’s 300 Thousand Metric Tons Plastics New Materials Production and R&D Project and Affiliated Training Center Project1Investment Agreement • March 14th, 2013 • China XD Plastics Co LTD • Plastics foam products
In order to fully utilize each party’s advantage and promote both parties’ common interest, base on the principle of voluntary and equality, mutual benefit, and common development, the two parties, after friendly negotiation, reached a mutual understanding that Party B and / or an affiliate company of Party B (such affiliate company of Party B means the wholly owned subsidiary of Party B, Heilongjiang Xinda Enterprise Group Company Limited) will set up a production entity with independent legal person’s capacity, which will invest in the construction of a 300 thousand tons plastics new materials production base and R&D project and affiliated training center in Party A’s Yinghua Industrial Park. Party A and Party B hereby enter into this agreement (this “Agreement”) conditioned upon each party having all the necessary and sufficient right and authority to enter into this Agreement and perform all obligations prescribed hereunder.
Supplementary Agreement forSupplementary Agreement • March 14th, 2013 • China XD Plastics Co LTD • Plastics foam products
In order to encourage Party B’s project investment in Shunqing District, Nanchong City, Sichuan Province, the parties entered into this supplemental agreement (this “Agreement”) in accordance with (1) the Term Sheet on the Investment of the Production Base of Xinda’s 300 Thousand Tons Plastics New Material (the “Term Sheet”) entered into by and among Party A, Party B and the government of Nanchong City on February 2, 2013, and (2) the Investment Agreement on Xinda’s 300 Thousand Tons Plastics New Material Production and R&D Project and Affiliated Training Center Project (the “Investment Agreement”) entered into by and between Party A and Party B on March 8, 2013. This Agreement stipulates the provision of interest-subsidized loans for the project by Party A to Party B or its designated party (the “Designated Party” of Party B means Party B and/or the related company of Party B (the related company of Party B means Heilongjiang Xinda Enterprise Group Company Limited, a wholly-owned subs
