0001213900-20-006017 Sample Contracts

EXCHANGE AGREEMENT
Exchange Agreement • March 11th, 2020 • China Recycling Energy Corp • Services-business services, nec • Utah

This Exchange Agreement (this “Agreement”) is entered into as of March 6, 2020 by and between Iliad Research and Trading, L.P., a Utah limited partnership (“Lender”), and China Recycling Energy Corporation, a Nevada corporation (“Borrower”). Capitalized terms used in this Agreement without definition shall have the meanings given to them in the Exchange Note (defined below).

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China Recycling Energy Corporation DIRECTOR AGREEMENT
Director Agreement • March 11th, 2020 • China Recycling Energy Corp • Services-business services, nec • Nevada

This Director Agreement (the “Agreement”) is made and entered into as of March 6, 2020, by and between China Recycling Energy Corporation, a Nevada corporation (the “Company”), and Zhongli Liu, an individual whose ID No. is 610113195910060015 (“Director”).

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