Exhibit 10.42

 

This copy is the receipt for Remitter from remitting bank

 

[ex10-42img001.gif]Anshan Rural Commercial Bank Certificate of Telegraphic
Transfer (Receipt) 1

□ General

□Urgent

Date of entrustment: November 16, 2015

 

Remitter

Full name

Northern Altair Nanotechnologies Co., Ltd.

 

Full name

Northern Altair Nanotechnologies Co., Ltd.

   

Account No.

265312010105947793

Receiver

Account No.

866350100100082672

   

Place of remitting

Anshan City / County, Liaoning Province

 

Place of receiving

Handan City / County, Hebei Province

 

Name of remitting bank

Business Department of Anshan Rural Commercial Bank

Name of receiving bank

Wu'an Branch of Bank of Handan

 

Amount

RMB ( in words)

RMB Nine Million Eight Hundred and Thirty-two Thousand Five Hundred and Sixty
Only

Amount

       

￥9,832,560.00

   

Payment password

     

Additional information and usage: Transfer

   

 

Large-amount bank No.: 313129500004

  Signature or seal of remitting bank

Reviewed by

Bookkeeping

 

        Wang Xiao

130481198404245123

 

 
 

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 This copy is the collection notice given to the Bearer by the bank 

 

  [ex10-42img002.gif]Anshan Rural Commercial Bank Discount Voucher (Collection
Notice) 4

4020005123559356

 

182 days

4020005123559357

 

Application date: November 16, 2015

No.:

 

Discount

draft

Category

Bank acceptance

No.:

 

Bearer

Description

Northern Altair Nanotechnologies Co., Ltd.

 

Date of

draft

November 13, 2015

Account

No.

265312010105947793

 

Maturity

date

May 13, 2016

 

Opening

bank:

Business Department of Anshan Rural

Commercial Bank Co., Ltd.

 

Draft acceptor

Description

Hebei Yinlong New Energy Co., Ltd.

Account

No.

 

Opening bank:

Wu'an Credit Cooperatives

 

Draft amount

RMB ( in

words)

RMB Ten Million Only ￥100,000,00.00

Amount

   

￥100,000,00.00

 

Rate of

discount

3.312%

Existing

interest

Amount

Buyer's

discount

amount

Amount

 

￥167,440.00

￥9,832,560.00

 

The discount amount has been deposited in your unit's account:

Notes:

 

Bank seal

   

____________DD/MM/YYYY

Post

Supervision

Reviewed

by

Bookkeeping

 

 

 
 

--------------------------------------------------------------------------------

 

 

Application for Withdrawal of the Bank Settlement Account

Account name

Northern Altair Nanotechnologies Co., Ltd.

Name of opening bank

Business Department of Anshan Rural Commercial Bank

Opening bank code

314223023019

Account No.

265312010105947793

Nature of account

Basic () Special () General (√) Temporary () personal ()

Account opening license standard No.:

J1295000717102

Reasons for account cancellation

 

 

 

 

This Depositor applies for the modification of the aforementioned bank account
content; make the commitment that account opening information provided is true
and valid.

[ex10-42img003.gif]

 

Northern Altair Nanotechnologies Co., Ltd. (seal)

Audit opinion of opening bank:

 

[ex10-42img004.gif]

 Handle by (signature):

 

Anshan Rural Commercial Bank Co., Ltd. (seal)

Audit opinion of People's Bank:

Handle by (signature):

 

 

[ex10-42img005.gif]             Depositor (signature and seal)

DD/MM/YYYY

Sealed by Wei Guohua

Opening bank (signature and seal)

DD/MM/YYYY

People's Bank (signature and seal)

DD/MM/YYYY

Instructions for filling in the form:

1. Fill the options with bracket by "√".

2. This application form is in triplicate, each for Depositor, opening bank and
local sub-branch of People's Bank of China holding.

 

 
 

--------------------------------------------------------------------------------

 

 

The first copy: kept by account-opening unit

Application of Opening Unit Bank Settlement Account

Depositor name

Northern Altair Nanotechnologies Co., Ltd.

Tel:

0310-5557759

Address:

North of Dongzhuchang Village, Wu'an Town, Wu'an County, Handan City, Hebei
Province;

Postal code

056000

Depositor category

Limited Liability Company

Organization code

596827470

Validity period: May 7, 2018

Legal representative ()

Name

Wei Guohua

Certificate type

ID card

 

ID No.

130481197806110059

ID expiry date

April 22, 2029

Unit head ()

Name

 

Certificate type

   

ID No.

 

ID expiry date

DD/MM/YYYY

Agent ()

Name

 

Certificate type

   

ID No.

 

ID expiry date

DD/MM/YYYY

Controlling shareholder ()

Name

 

Certificate type

  Actual controller ()

ID No.

 

ID expiry date

DD/MM/YYYY

Industry classification

A(   )

B(   )

C(   )

D(   )

E(   )

F(   )

G(   )

H(   )

I(   )

J(   )

 

K(   )

L(   )

M(   )

N(   )

O(   )

P(   )

Q(   )

R(   )

S(   )

T(   )

Registered capital

RMB Two Hundred Million Only

 

Area code

 

Business scope

The scientific research, development and production, technical service and
support in the fields of nanotechnology and energy storage system; Batter
materials (exclusive...)

Type of documentary evidence

Business license

Documentary evidence number

91130481596827470T

Validity period: May 7, 2018

       

Valid until (DD/MM/YYYY)

Tax Registration Certificate (national / government tax) No.

130481596827470

 

Organization credit code

G10130481000717169

Valid until (DD/MM/YYYY)

Affiliated enterprise:

Fill information of affiliated enterprises in the "Registration Form of
affiliated enterprise".

Nature of account

Basic (     )

General (     )

Special (     )

Temporary (     )

Fund property

 

The temporary deposit account will valid until

DD/MM/YYYY

Information about superior legal person or competent unit of Depositor are shown
as follows:

Name of Superior legal person or competent unit

   

Grant No. of account opening license for basic deposit account

   

Organization code

 

Legal representative ()

Unit head ()

 

Name

   

Certificate type

 

   

ID expiry date

DD/MM/YYYY

ID No.

   

The following columns shall be filled by the opening bank after review:

Name of opening bank

Business Department of Anshan Rural Commercial Bank

Opening bank code

314223023019

Account name

Northern Altair Nanotechnologies Co., Ltd.

Account No.

265312010105947793

Grant No. of account opening license for basic deposit account

J1295000717102

Opening date

November 16,2015

 

 
 

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The Depositor applies for the settlement account number of the account opening
bank and promised that the provided account information is real and effective.

Depositor (official Seal)

[ex10-42img006.gif]

Northern Altair Nanotechnologies Co., Ltd. (seal)

Audit opinion of opening bank:

Handle by (signature and seal):

Bank (Signature and seal)

[ex10-42img007.gif]

____________DD/MM/YYYY

Anshan Rural Commercial Bank Co., Ltd. (seal)

Audit opinion of People's Bank:

(except for the non-approved accounts)

Handle by (signature and seal):

People's Bank(signature and seal)

[ex10-42img008.gif]                        November 16, 2015

Sealed by Wei Guohua

MM/YYYY           seal

MM/YYYY           seal

 

Filling explanation:

1. The valid date must be written to apply for opening the temporary deposit
account; the fund property must be written to apply for opening the special
deposit account.

2. The industrial standard is published by the bank in the business premises.
The industry category represented by each letter in "industry classification" is
as follows: A: Agriculture, forestry, animal husbandry and fishery; B: Mining;
C: Manufacturing industry; D: Electricity, fuel gas and water production and
supply industry; E: Construction industry; F: Transportation, warehousing and
postal services; G: Data transmission, computer services and software industry;
H: Wholesale and retail industry; I: Lodging and catering industry; J: Financial
services; K: Real estate industry; L: Lease and commercial service industry; M:
Scientific research, technical service and address exploration industry; N:
Water, environment and public facilities management industry; O: Resident
services and other services; P: Education industry; Q: Health, social security
and social welfare; R: Culture, education and entertainment industry; S: Public
management and social organization T: Other industry

3. Fill the options with bracket by "√".

4. This application form is in triplicate, each for account-opening unit,
opening bank and local sub-branch of People's Bank of China holding.

 

 
 

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Agreement No.: __________

 

Discount Agreement of Bank Acceptance Bill

 

Party A (Buyer) is Anshan Rural Commercial Bank Co., Ltd.

 

Party B (Seller) is Northern Altair Nanotechnologies Co., Ltd.

 

According to Negotiable Instruments Law of the People's Republic of China and
stipulations in other laws and regulations, and based on the principles of
equity, voluntariness, integrity and credibility, Party A and Party B reach the
following articles to be obeyed and executed together after the full
negotiation.

 

Article 1      Discount amount and shares

 

Party B shall provide (In Words) Two (In Figures: 2) bank acceptance bills with
the total face amount of (in words) RMB Ten Million Only, (in figures) RMB
10,000,000.00, to apply to Party A for handling the discount;

 

After Checking, Party A Shall Agree To Handle the Discount for the
Aforementioned (In Words) Two (In Figures: 2) Bank Acceptance Bills with the
Total Face Amount of (In Words) RMB Ten Million Only, (In Figures) RMB
10,000,000.00.

 

Article 2      Party A and Party B agree:

 

The discount interest rate shall be 3.312%; the actual transfer amount shall be
(in figures) RMB 9,832,560.00, with the interest of (in figures) RMB 167,440.00.

 

Article 3      Rights and obligations of Party A and Party B:

 

1. If the accepting bank refuses to accept the bank acceptance bill provided by
Party A under this Agreement, Party A will recourse Party B according to
Negotiable Instruments Law of the People's Republic of China and other relevant
laws and regulations as well as Article 5 under this Agreement.

 

2. The amount of discount handled after checked and agreed by Party A shall be
transferred on the current day, and the amount shall be remitted to the bank
account designated by Party B according to the transmit way chosen by both
parties during the reasonable period;

 

The bank account designated by Party B is:

 

Account name: Northern Altair Nanotechnologies Co.,
Ltd.                                              ;

 

Opening bank: Business Department of Anshan Rural Commercial Bank Co.,
Ltd.;       

 

Account No.:
265312010105947793                                                                                         
;

 

3. If Party A violates the stipulation in Paragraph 2 of this article, Party B
shall be entitled to require Party A to return the default bills;

 

4. Party B shall guarantee that acquisition of the bill under this Agreement
confirms to the Law of Negotiable Instrument and the stipulations in the
relevant laws; The bank acceptance bill and all the data provided by it shall be
legal, true and valid, and Party B shall be responsible for any loss caused due
to inconformity with the aforementioned matters;

 

 
 

--------------------------------------------------------------------------------

 

 

Article 4      Liability for Breach of Contract:

 

Either Party A or Party B shall compensate the other party for the loss due to
failure to perform the obligations stipulated in the agreement.

 

Article 5      Recourse and calculation of the delayed interest:

 

Party A shall have the right of recourse to Party B under each bank acceptance
bill of which the discount is handled by Party A for Party B. Party A should
notify Party B of the matters of payment refusal in writing; Party B should
guarantee to transfer the draft amount and delayed interest of the payment
refused (the draft amount shall be calculated according to the interest rate
stipulated by People's Bank of China from the due date or presentment for pay
day to the liquidation day) to the account designated by Party A within 3
working days from the second day after receiving the written recourse notice,
and should get back the bill after Party A receives the aforementioned amount.

 

Article 6 Way of Dispute Settlement

 

The matters uncovered in this Agreement can be settled by both parties' friendly
negotiation or litigation; if the litigation is adopted, the legal proceedings
shall be instituted in the People's Count in the place where Party A is located.

 

Article 7 Validation of the agreement

 

The text of this Agreement is in duplicate, and it will take effect from the
date when Party A's and Party B's legal representatives (person in charge) or
their authorized agents sign or seal the official seal on it. Each party holds
one copy with the same legal effects.

 

Article 8 Others agreed on by both parties:

 

___________________________________________________________________________________________________________________________________________

___________________________________________________________________________________________________________________________________________

___________________________________________________________________________________________________________________________________________

 

 

Party A: Anshan Rural Commercial Bank Co., Ltd.

Party B: Northern Altair Nanotechnologies Co., Ltd.

(Seal) [ex10-42img009.jpg]

 

 

Financial Market Department of Anshan Rural Commercial Bank Co., Ltd. (Seal)

(seal) [ex10-42img010.jpg]

 

 

Northern Altair Nanotechnologies Co., Ltd. (seal)

   

Legal Representative (or person in charge):

[ex10-42img011.gif]

 

Sealed by Wei Lixin

Legal representative:

[ex10-42img012.gif]

 

Sealed by Wei Guohua

November 16, 2015

November 16, 2015

 

 
 

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Bill Discounting Business List

S/N

Draft number

Draft amount

Date of draft

Maturity date

Full name of the Drawer

Drawer's account No.:

Full name of the paying bank

Bank number

Address of paying bank

Discount date

Day of the week

Adjust

Number of days

Interest rate %

Interest

Amount actually paid

1

4020005123559356

5,000,000.00

November 13, 2015

May 13, 2016

Hebei Yinlong New Energy Co., Ltd.

068880122000068956

Wu'an Credit Cooperatives

402129500018

Wu'an

November 16, 2015

V

3

182

3.312

83,720.00

4,916,280.00

2

4020005123559357

5,000,000.00

November 13, 2015

May 13, 2016

Hebei Yinlong New Energy Co., Ltd.

068880122000068956

Wu'an Credit Cooperatives

402129500018

Wu'an

November 16, 2015

V

3

182

3.312

83,720.00

4,916,280.00

3

                               

4

                               

5

                               

6

                               

7

                               

8

                               

9

                               

10

                               

11

                               

12

                               

13

                               

14

                               

15

                               

16

                               

17

                                   

10,000,000.00

                       

167,440.00

9,832,560.00