Exhibit 10.26


 





Technical Development Commission Contract


 





 


Sales
Contract





 


Project name:
Information transformation Project of Wuhan Export Processing Zone


 


Client
(Party A) : Wuhan Borui Int Technology Co., LTD


 


Agent
(Party B) : Zhuhai Powerbridge Technologies Co., Ltd


 


Signed on
June 28, 2019


 


Place of signature:
Wuhan, Hubei Province, China


 



    


     


    




 


Technical Development Commission Contract


 






 


Client (Party
A) : Wuhan Borui Int Technology Co., LTD


 


Place
of residence: Room 7, 16 / F, Building 1, Commercial Area A, Phase II, Hankou City Square, at the intersection of Jianshe
Avenue Extension and Happiness Avenue, Jiang an District, Wuhan


 


Legal
representative: Peng Jianjun Project contact


 


person:
Peng Xin Contact: 027-59319826


 





Fax:
027-59319826




 


Address:
No. 6, 5 / F, Block A, Hejiadun High-tech Building, No. 17 jiangfa Road, Jianghan District, Wuhan


 


Tel:
027-59319826


 


Fax: 962216183@qq


 





Agent (Party
B) : Zhuhai Powerbridge Technologies Co., Ltd


 


Place
of residence: Floor D2-1, South Software Park, No. 1 tangjiawan Software Park Road, Zhuhai city


 


Legal Representative:
BAN LOR Project contact


 


person: Zui Cheng Contact: 18602731680


 


Email: Zuicheng@powerbridge.com


 


Address:
D2-1, South Software Park, No. 1 tangjiawan Software Park Road, Zhuhai city


 


Telephone:
0756-3395666


 


Fax: 0756-3395667






    2


     


    

 





Technical Development Commission Contract





 



 


Service Hotline:
400-885-4114


 


Deposit bank:
Bank of Communications, Zhuhai Branch, Xiangzhou Sub- branch Account name: Zhuhai Powerbridge Technologies Co., Ltd


 


Bank account
number: 444000091018000745538


 


Bank Number:
301585000026


 


In
accordance with regulations in the Procurement Law of the People’s Republic of China, Contract Law of the People’s
Republic of China and other relevant laws and rules, and on the basis of clauses in the tender document (procurement document)
and commitments of the bid winner, both parties agree to sign the Contract with below terms and conditions.


 


		1	Scope
and content of purchase


 


	 	1.1	Name
    of purchase: Wuhan Export Processing Zone Informatization Renovation Project (hereinafter referred to as the project), deliverables
    provided by Party B (see the Attached Project Equipment List for details).And te final details of software hardware deliverables,
    will be based on the actual requirements of the project. And after the project started, by Party B to Party A's requirements
    in terms of investigation and analysis, will be confirmed by both hardware and software functions and hardware configuration
    and service projects, and the technical specifications and related contract attachment supplement and improvement of the regulatory
    supervision and confirmed, signed by both parties confirm the final version of the "Project Equipment List"
    and "Software Function Confirmation", in order to ensure the platform will meet the requirements
    of project bidding material described.


 


	 	1.2	If
    the purchase quantity is in accordance with The Project Equipment List and Software Function Confirmation is inconsistent
    with the actual used quantity, Party A shall enter into a supplementary contract with Party B through negotiation without
    changing other terms of the contract.Party B shall supply the goods according to the actual quantity used. The final settlement
    amount of the Contract shall be calculated according to the actual quantity used or the actual amount of the project.


 


		2	The
contract price


 


 


	The serial number	 	 	The project content	 	Price (RMB)	 
	 	 	 	 	 	 	 
	1	 	 	Customs Information Project  	 	 	11,343,313.13	 
	2	 	 	Cross-border e-commerce projects  	 	 	8,832,168.00	 
	 	 	 	Total contract
amount:	 	 	20,175,481.13	 



 






    3


     


    

 


Technical Development Commission Contract


 






 





		3	Delivery
requirements


 


	 	3.1	Delivery
    date: 90 days from the date of signing the contract


 


	 	3.2	Place
    of delivery: Wuhan Export Processing Zone


 


	 	3.3	Delivery:
    site construction and training


 


 


		4	Project
quality retention money


 


	 	4.1	Upon
    the acceptance of the project, 5% of the contract amount shall be deemed as quality retention money and Party A shall pay
    the corresponding amount to Party B according to the contract terms on the expiration date of the quality guarantee period.


 


		5	Quality
assurance and after sales service


 


	 	5.1	Warranty
    period


 


Hardware:
2 years after completion of project acceptance; Software: 2 years after completion of project acceptance.


 


	 	5.2	During
    the quality assurance period, Party B shall be responsible for the quality assurance of the software and hardware provided
    and shall not charge additional fees.


 


	 	5.3	If
    any quality problem occurs in the software and hardware provided by Party B during use, Party B shall respond to Party A within
    8 hours upon receipt of Party A's fault notice, and if necessary, Party B shall arrive at the site designated by Party A for
    handling.


 


	 	5.4	During
    the quality assurance period, Party B shall be responsible for repairing the errors found in the software system through software
    patches.


 


	 	5.5	Party
    B shall require the supplier to provide the same period of warranty, and provide parts and professional maintenance services
    at preferential prices.In case of failure of the system hardware due to quality problems, Party B shall be responsible for
    maintenance, overhaul and technical support, and contact the manufacturer for repair or replacement if necessary. Non-intentional
    damage and damage within the normal use range shall be repaired free of charge.


 


	 	5.6	Within
    the scope of the bidding documents, if Party A believes that the hardware purchased by Party B really does not meet Party
    A's technical requirements, the parties may, based on the actual situation and through negotiation, adopt the following measures:


 


	 	(1)	Replacement:
    Expenses incurred shall be borne by Party B;


 






    4


     


    

 


Technical Development Commission Contract


 






 


	 	(2)	Devaluation:
    Party A and Party B shall have negociation to determine the price;


 


	 	(3)	Return
    processing: If hardware quality problem occurred and after the try of Party B and its suppliers, problems are still unable
    to meet the requirements, and Party A request to return, Party A shall provide written notice to Party B and on the basis
    of the reasons of return. With the consent of Party B, Party A may require Party B to refund and Party A shall pay relevant
    amount, including the direct costs associated with the transportation, insurance, inspection, contract payment’s interest
    and bank charges, etc..


 


	 	5.7	If
    Party B fails to fully perform the obligations in this article during the quality guarantee period, it shall be deemed as
    breach of contract and Party A shall have the right to hold Party B liable.


 


	 	5.8	After
    the completion of the construction period, the platform will enter into the after-sales maintenance period of the project.
    Party A and Party B shall negotiate and sign the project maintenance service agreement within one month before the expiration
    of the quality guarantee period.The annual maintenance fee shall be subject to the accumulated service amount. The specific
    service responsibilities and service scope shall be determined through negotiation in the agreement so that Party B can continue
    to provide professional services.


 


		6	Payment
stage


 


		6.1	After
the signing of the Contract, Party A shall, within seven working days after receiving the payment for the main customs information
equipment of the owner, pay Party B 40% of the total contract amount (in words: RMB 8,080,192.45).



 

		6.2	Within seven working days
after receiving the project acceptance payment from the owner, Party A shall pay Party B 70% of the total contract amount (in
words: RMB6,052,644.34).



		6.3	Party A shall, within seven
working days after receiving the final financial settlement payment from the Owner, pay Party B 95% of the final settlement amount
(in words: RMB 5,043,870.28).



		6.4	Party A shall, within seven
working days upon receipt of the owner's quality retention money project, pay Party B a lump sum of 5% (in words: RMB 1,008,774.06).



		6.5	Before
each payment node, Party B shall provide Party A with the VAT special invoice.


 





		7	Responsibilities
and obligations of both parties


 


	 	7.1	The
    work undertaken by both parties


 


	 	(1)	The
    project shall be completed jointly by Party A and Party B, and a project management team shall be established. Party A and
    Party B shall designate project leaders to participate in the entire construction of the platform and assume project responsibilities.


 


	 	(2)	Complete
    the project demand research analysis and overall design and planning, and confirm the Project Equipment List and
    Software Function Confirmation.


 






    5


     


    




 


Technical Development Commission Contract


 






 


	 	(3)	All
    key items of the project shall be communicated to the other party in writing, and all amendments and supplements shall be
    confirmed in writing by both parties.


 


	 	(4)	Work
    plan, goal formulation, task completion confirmation, hardware and software acceptance and final confirmation.


 


	 	7.2	Main
    work undertaken by Party A


 


	 	(1)	Party
    A shall designate the person in charge of the system project and shall be responsible for coordinating Party A's resources
    and relevant third parties (including users of the platform) with Party B to carry out the relevant work of the project, provide
    the basic environment and necessary conditions for the project implementation, and confirm and make timely decisions on the
    specific matters of the project on behalf of Party A.Party B shall implement the platform in accordance with the information
    and decision opinions provided by Party A's project manager. Party A shall be responsible for the data, information and decision
    opinions provided and bear the relevant responsibilities and consequences of the decision.


 


	 	(2)	Responsible
    for the management of platform projects, organizing personnel from relevant departments to participate in projects, and maintaining
    the relationship between government departments and relevant regulatory departments.


 


	 	(3)	Responsible
    for the inspection, supervision and acceptance of the delivery of software and hardware in each stage, and the completion
    of the platform acceptance.


 


	 	7.3	Main
    contents to be undertaken by Party B


 


	 	(1)	Perform
    Party B's duties according to the project plan and project objectives.


 


	 	(2)	Party
    B shall conduct a detailed survey on the requirements of Party A's platform, and provide Party A with the implementation plan
    for the platform construction, which shall be taken as a guiding document for the project construction and finally confirmed
    by both parties.


 


	 	(3)	Provide
    hardware facilities and equipment required by the platform, set up the network system, machine room construction, and ensure
    the application and normal operation of the platform.


 


	 	(4)	Responsible
    for the technical research and development and application development of the platform, testing, provision of enabling services,
    platform launching, system initialization, technical support, software application training for Party A's personnel, and provision
    of professional implementation and services.


 


		8	Property
rights


 


	 	8.1	Party
    B warrants that the software and hardware provided will not infringe the patent right, trademark right or copyright of any
    third party.


 


	 	8.2	The
    intellectual property of the final product of the project customized software commissioned by Party A to


 






    6


     


    

 


Technical Development Commission Contract





 



 





Party B in this
Contract belongs to Party B. Party A shall have the permanent right to use the project after fully paying off the contract payment.


 


		9	Technical
data


 


		9.1	Within the scope of this
Contract, Party A shall provide Party B with relevant technical requirements for the purchased goods.



		9.2	Party B shall provide Party
A with the technical information of the goods within the time specified in the purchase documents.



	 	9.3	Without
    the prior written consent of both of the parties, neither party shall provide the relevant contract or any contract terms,
    specifications, plans, drawings, samples or materials provided by the other party to any other person not related to the performance
    of this Contract. Even if provided to personnel in connection with the performance of this Contract, it shall be kept confidential
    and limited to the extent necessary for the performance of this Contract.


 


		10	Cooperation
in each phase of the project


 


	 	10.1	Equipment
    delivery, equipment installation and debugging, system deployment, project acceptance methods


 


	 	1)	Equipment
    delivery


 


	 	2	Party
    B shall, prior to the shipment of the goods, provide its suppliers with packages that meet the requirements of transportation
    distance, moisture proof, shock proof, rust proof and damage proof loading and unloading, etc., to ensure that the goods are
    delivered to the place designated by Party A in a complete and safe manner.


 


	 	2	Party
    B requests its suppliers to attach the equipment operation manual, quality inspection certificate, warranty document, accompanying
    accessories, tools and list to the goods. Party B shall submit the equipment delivery list and relevant documents to Party
    A.


 


	 	2	Party
    B shall notify Party A 24 hours before the goods arrive at the place designated by Party A so that Party A can arrange receiving
    equipment. Party B shall also notify Party A that the goods have been delivered. Party B shall be responsible for all risks
    arising before delivery of the goods to Party A.


 


	 	2	Party
    A shall, within five business days, inspect, confirm and sign for the arrival of the equipment submitted by Party B at the
    site according to the specifications.If there is any objection to the appearance, specification or quality problem of the
    goods, it shall be raised in writing to Party B within the required time. Failure to receive the written objection from Party
    A shall be deemed as the completion of the delivery of the equipment.


 


	 	2)	Equipment
    installation and debugging


 






    7


     


    

 


Technical Development Commission Contract


 






 


	 	2	Within
    the terms of this Contract, Party B shall install and debug the equipment as specified by Party A, and submit the equipment
    delivery list and relevant documents to Party A.


 


	 	2	Party
    A shall ensure the basic environment and necessary conditions for equipment installation in a timely manner.


 


	 	2	Party
    A shall confirm the equipment deployed by Party B within five working days. If Party A has any objection, it shall raise such
    objection in writing to Party B within the required time. Failure to receive the written objection from Party A shall be deemed
    as the completion of equipment installation and debugging.


 


	 	3)	System
    deployment


 


	 	2	In
    accordance with the terms of this Contract, Party B shall install and deploy the software system as specified by Party A,
    and submit the software delivery list and relevant documents to Party A.


 


	 	2	Party
    A shall confirm the software functions deployed by Party B within five working days. If there is any objection, Party A shall
    raise it in writing to Party B within the required time. Failure to receive the written objection from Party A shall be deemed
    as the completion of system deployment.


 


	 	4)	The
    project acceptance


 


	 	2	As
    the final stage of project construction, project acceptance shall be started after Party B completes equipment delivery, equipment
    installation and debugging, software system deployment and trial operation, and Party A shall organize relevant personnel
    to accept the overall operation of the project.


 


	 	2	Party
    B shall, according to the materials described in the project bidding scope, commitment, the confirmed list of project equipment
    and the software function confirmation of the specification file by both of the parties, technical indicators, quality indicators,
    in order to meet the technical requirements of Party A, be in accordance with the relevant national standards or industry
    standards for acceptance documents, and as a basis for the project acceptance to submit to Party A. Party A shall make confirmation
    within five working days. If there is any objection, Party A shall raise it in writing to Party B within the required time.
    Failure to receive written objection from Party A shall be deemed as completion of project acceptance.


 


	 	2	During
    the acceptance inspection, Party A and Party B shall be on the scene and issue the acceptance result report at the site after
    the completion of acceptance inspection, which shall be signed and sealed by both parties for confirmation.


 


	 	2	Party
    B is responsible for providing professional training to Party A.Party A is responsible for arranging and organizing Party
    A's personnel to attend Party B's professional training, which includes the application maintenance and operation of the system.


 


	 	2	It
    is subject to nomal function of software system and correct data output after users input their typical data.


 






    8


     


    

 


Technical Development Commission Contract


 






 


		11	Liability
for breach of contract


 


	 	11.1	Within
    the scope of this Contract, if Party B purchases are in accordance with The Project Equipment List and Software
    Function Confirmation, Party A's refusal to accept the goods without justified reasons and failure to provide written
    rejection notice shall be deemed as breach of contract, and Party A shall pay Party B a penalty equal to 5% of the value of
    the rejected goods.


 


	 	11.2	After
    Party B completes the phased work agreed herein, Party B will provide Party A with a formal notification letter. If Party
    A delays the payment to Party B without any reason, Party A shall pay Party B a penalty equal to 0.05% of the overdue payment
    per day. If Party A delays the payment for more than 20 working days, Party A shall be deemed to breach the contract. If Party
    A breaches the contract, Party A shall pay Party B a penalty equal to 5% of the contract value. If Party B loses more than
    the penalty due to the breach of Party A, Party A shall continue to be liable for the excess amount.


 


	 	11.3	If
    Party A fails to timely provide the infrastructure and necessary conditions for equipment and system installation, or fails
    to timely and fully pay the contract payment to Party B in accordance with the terms of this Contract, Relevant responsibilities
    and consequences shall be borne by Party A, including losses caused to Party B by the project schedule delay caused thereby.


 


	 	11.4	If
    Party B delays in delivering the goods, except for the reasons caused by Party A, Party B shall pay Party A a penalty equal
    to 0.05% of the delayed delivery amount per day. If Party B fails to deliver the goods within 20 working days after the delivery
    date agreed herein, Party B shall be deemed to have breached this Contract.In case of breach by Party B, Party B shall pay
    Party A a penalty equal to 5% of the contract value.


 


	 	11.5	If
    the types, models, specifications, technical parameters and quality of the goods delivered by Party B do not meet the requirements
    set forth in the contract and the list of goods requirements set forth in the bidding documents, Party A shall have the right
    to reject such goods. If Party B is willing to replace the goods but fails to deliver the goods within the time limit, such
    goods shall be treated as delayed delivery by Party B. If Party B refuses to replace the goods, Party A may unilaterally terminate
    the contract. Both parties shall give a written notice as the basis during the process.


 


		12	Handling
of force Majeure events


 


	 	12.1	Within
    the validity period of the Contract, if either party is unable to perform the Contract due to a force majeure event, the performance
    period of the Contract may be extended for the same period as that affected by the force majeure.


 


	 	12.2	After
    the occurrence of the force majeure event, one Party shall immediately notify the other Party and send the certificate issued
    by the relevant authority.


 






    9


     


    

 


Technical Development Commission Contract








 



 





	 	12.3	If
    the force majeure event lasts for more than 120 days, both parties shall decide whether to continue to perform the Contract
    through friendly consultation.


 


		13	The
contract supplementary provisions


 


	 	13.1	Any
    dispute between Party A and Party B over this Contract or related matters shall be settled through friendly negotiation as
    far as possible. If both parties fail to reach an agreement through consultation, they shall apply to the arbitration institution
    or the people's court in their respective places for arbitration.


 


	 	13.2	Party
    A shall not assign its rights and obligations hereunder to any third party without Party B's written consent.


 


		13.3	Modification and Variation
of this Contract: The parties may amend this Contract only by a written document signed by the parties.



		13.4	The contract shall come into
force upon being signed and sealed by the legal representatives or authorized agents of both parties.



		13.5	Matters not mentioned herein
shall be governed by the relevant provisions of the Contract Law of the People's



 


Republic
of China.


 


		13.6	This contract is made in
six originals, with three held by Party A and three held by Party B and all originals shall be equally authentic.



 


		14	The
contract in attachment


 


Attachment:
Project Equipment List


 


 


 


 


10