AMENDMENT TO OPTION AGREEMENTOption Agreement • September 30th, 2015 • Yulong Eco-Materials LTD • Concrete, gypsum & plaster products
This Amendment to Option Agreement (this “Amendment”) is dated June 24, 2015, and is entered into in Pingdingshan City, Henan Province, People’s Republic of China (“PRC” or “China”) by and among Zhengzhou Xing De Enterprise Management & Consulting Co., Ltd. (“Party A”), Pingdingshan Xulong Renewable Resource Co., Ltd. (“Party B”), YU Zhenhua (the “Prior Shareholder”), ZHU Yulong (the “Shareholder”), and YI Wei (the “New Shareholder,” and with the Shareholder, the “Shareholders”). Party A, Party B, the Prior Shareholder and the Shareholders are sometimes referred to individually as a “Party” and collectively as the “Parties.”
Land Compensation/Lease AgreementCompensation/Lease Agreement • September 30th, 2015 • Yulong Eco-Materials LTD • Concrete, gypsum & plaster products
The 56.11 mu (approximately 9.2 acres) land located at Donggongren Town Jiedaolv Village, north of the No. 12 mine drainage channel, south of the No. 12 mine road, east of the Lv village space, and west of the No. 12 Kuangdong Road, is now in use by Party B. In July 2013 Party B already paid RMB 1,700,000 to Party A as requisition payment for the land, with unpaid balance of RMB 12,888,600. Party A agreed to transfer the land use right to Party B, and Party B is in the process of registering the transfer. Until the date that Party B completes the registration, Party B’s requisition payment to Party A shall be deemed lease payment for the land for 50 years commencing April 2015. When Party B completes the registration, the unpaid balance shall be deemed requisition payment.
AMENDMENT TO VOTING RIGHTS PROXY AND FINANCIAL SUPPORTING AGREEMENTFinancial Supporting Agreement • September 30th, 2015 • Yulong Eco-Materials LTD • Concrete, gypsum & plaster products
This Amendment to Voting Rights Proxy and Financial Supporting Agreement (this “Amendment”) is dated June 24, 2015, and is entered into in Pingdingshan City, Henan Province, People’s Republic of China (“PRC” or “China”) by and among Zhengzhou Xing De Enterprise Management & Consulting Co., Ltd. (“Party A”), Pingdingshan Xulong Renewable Resource Co., Ltd. (“Party B”), YU Zhenhua (the “Prior Shareholder”), ZHU Yulong (the “Shareholder”), and YI Wei (the “New Shareholder,” and with the Shareholder, the “Shareholders”). Party A, Party B, the Prior Shareholder and the Shareholders are sometimes referred to individually as a “Party” and collectively as the “Parties.”
