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Exhibit 10.1

SHARE PURCHASE AGREEMENT

BETWEEN

CHINA TMK BATTERY SYSTEMS INC.

MR. WU, HE-NIAN

(吳合年)

AND

CHINA DEVELOPMENT INDUSTRIAL BANK

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Share Purchase Agreement

THIS SHARE PURCHASE AGREEMENT (Agreement)is entered
into as of this 28 day of May , 2011 between :

|(1) | China TMK Battery Systems Inc., a company limited
      by shares organized and existing under the laws of Nevada, with its
      principal offices at Sanjun Industrial Park, No. 2 Huawang Rd., Dalang
      Street, Bao'an District, Shenzhen 518109, Peoples Republic of China (the
      Seller);
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    |                                                                                                                                                                                                                                                                                                          
|(2) | Wu, He-Nian
      (吳合年),
      chairman of the Seller (the Founder); and                                                                                                                                                                                                                               
|    |                                                                                                                                                                                                                                                                                                          
|(3) | China Development Industrial Bank, a corporation
      organized and existing under the laws of the Republic of China (the
      ROC) with its principal office at 125 Nanking East Road, Section
      5, Taipei, ROC (the Buyer or
CDIB).                                                        

(The Seller, the Buyer and the Founder are each referred to
herein as a Party and are collectively referred to as the
Parties)

WHEREAS:

| | (1) | The Seller desires to raise capital from one or more
      accredited investors by means of an issuance of up to 5,000,000 shares of
      the Sellers preferred stock, par value $0.001 per share for aggregate
      total cash consideration of up to US$10,000,000, at no less than US$2.00
      per share (the Capital Raise). As of the date hereof, the Seller
      has a registered and paid-in capital in the amount of US$36,888, divided
      into 36,888,000 shares of common stock, a par value of US$0.001 per
      share;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
| | (2) | The Seller is in the process of acquiring Loyal Top
      Capital Investment Limited (Loyal Top), a company organized and
      existing under the laws of Hong Kong, with its principal offices at Rooms
      1901-2, Park-In Comm Ctr, 56 Dundas St, KL, and its wholly-owned
      subsidiary operated in the PRC, Shenzhen DongFang Hualian
      Technology Ltd. (SDHT), by means of a share exchange transaction,
      whereby the sole shareholder of Loyal Top, Mr. Tang WaiPo, will transfer
      his equity interest in Loyal Top to Leading Asia Pacific Investment
      Limited (Leading Asia), the Sellers wholly-owned British Virgin
      Islands subsidiary, with its principal offices at OMC Chambers, Wickhams
      Cay 1, Road Town, Tortola, British Virgin Islands, in exchange for a
      certain number of shares of the Sellers common stock (the Common
      Stock), par value of US$0.001 per share; and the closing date of such
      acquisition is scheduled on May, 2011 (the
  Acquisition);

1

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| | (3) | SDHT is currently in the process of applying to become a
      wholly owned foreign entity owned by Loyal Top (the WOFE
      Application); and                                                                                                                                                             
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |     |                                                                                                                                                                                                                                                                                                               
| | (4) | The Seller intends to apply for the listing of its shares
      on the Nasdaq Stock Exchange or any other national exchange, in connection
      with an re-offering of its shares to the public (the Listing, and
      any such offering of shares to the public, shall be referred to as an
      IPO);

NOW, THEREFORE, in consideration of the mutual covenants
and agreements set forth herein and for good and valuable consideration, the
Parties agree as follows:

Article 1.Commitment

|1.1 | Subject to the terms and conditions hereof, the Seller
      agrees to sell to the Buyer, and the Buyer agrees to purchase from the
      Seller on the Closing Date (as such term is defined in Article 5),
      5,000,000 shares of preferred stock, par value $0.001 of the Seller,
      issued pursuant to the Capital Raise (the Preferred Shares), at a
      purchase price of US$2 per share, or an aggregate amount of US$10,000,000
      (the Purchase Price) paid to the Seller or its duly authorized
      agent.
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|1.2 | The taxes imposed in relation to, among others, the
      issuance of Preferred Shares or transfer of Common Stock and/or Escrow
      Shares shall be borne by the relevant Party in accordance with the
      applicable laws and regulations of the relevant jurisdiction.                                                                                                                                                                                                                                                        
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|1.3 | Closing of the transactions contemplated by the purchase
      and sale of the Preferred Shares hereunder (the Transaction)
      shall be effected in accordance with Articles 2 and 5
  hereof.                                                                                                                                                                                                                                                                                                                                  

Article 2.Conditions Precedent to
Closing

|2.1 | Conditions Precedent to the Buyers Obligations.
      The obligation of the Buyer to proceed with the Closing is subject to the
      satisfaction of all of the following conditions precedent (any one or more
      of which may be waived by the Buyer in
writing):
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (1) | The representations and warranties of the Seller set out
      in Article 3 herein shall remain true and correct at the time on the date
      whereon this Agreement is entered and as of the Closing
  Date;
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

2

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| | (2) | The Seller shall have taken all necessary corporate
      actions in accordance with its articles of incorporation and/or internal
      guidelines to authorize its execution, delivery and performance of this
      Agreement;                                                                                                                                                                                                                                                                                                                                                                                                              
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
| | (3) | There shall exist no pledge, lien, security interest or
      any other encumbrance over the Preferred Shares as of the Closing
    Date;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
| |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
| | (4) | The Seller shall have performed and complied with all
      agreements, covenants, undertakings, obligations and conditions required
      by this Agreement to be performed or complied with by the Seller on or
      prior to Closing;                                                                                                                                                                                                                                                                                                                                                                                                      
| |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
| | (5) | There shall not be any action taken, or any law,
      regulation or order enacted, entered, enforced or deemed applicable to the
      Transaction by any government or governmental authority and there shall
      not be in effect an order entered by any court which, (i) makes the
      consummation of the Transaction illegal; or (ii) will have a material
      adverse effect in the status or the ability of the Buyer to consummate the
      Transaction; or (iii) imposes material limitations on the ability of the
      Seller effectively to transfer full rights of ownership of the Preferred
      Shares to the Buyer;
| |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
| | (6) | At the Closing, no suit, action or other proceeding, or
      injunction or final judgment relating thereto, shall be threatened by or
      be pending before any court or governmental or regulatory official, body
      or authority in which it is sought to restrain or prohibit or to obtain
      material damages or other relief in connection with this Agreement or the
      consummation of the Transaction, and no investigation that might result in
      any such suit, action or proceeding, shall be pending or
  threatened;                                                                                              
| |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
| | (7) | The Seller shall have provided the Buyer with the
      financial due diligence report compiled by the certified public accountant
      designated or approved by the Buyer and the legal due diligence report
      produced by the law firm designated or approved by the Buyer conducted on
      the Sellers wholly owned PRC operating subsidiary, TMK Power Industries
      Ltd. (TMK) and SDHT for the purpose of the Acquisition (the
      Acquisition DD);                                                                                                                                                                    
| |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
| | (8) | The relevant escrow agreement (the Escrow
      Agreement) for securing the Sellers performance of obligations under
      Articles 4.2, 4.3 and 4.4 hereof, shall have been entered into by and
      between the Seller, the Buyer and Escrow LLC (the Escrow Agent),
      whereby, the Seller agrees to deposit with the Escrow Agent, irrevocable
      instructions to the Sellers transfer agent to issue a total of 5,000,000
      shares of the Sellers common stock, (the Escrow Shares), upon
      the receipt of notice from the Buyer of the Sellers failure to fulfill
      such obligations;                       

3

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| | (9)  | With respect to the WOFE Application, the approval from
      深圳市科技工贸和信息化委员会of the PRC, shall have been obtained; and                                                                      
| | ---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |      |                                                                                                                                                                                            
| | (10) | With respect to the Acquisition, the equity transfer
      agreement by and among the Seller, Leading Asia, Loyal Top and the
      shareholder of Loyal Top shall have been duly
executed.

|2.2 | Conditions Precedent to the Sellers Obligations.The obligation of the Seller to proceed with the Closing is subject to
      the satisfaction of the following conditions precedent (any one or more of
      which may be waived by the Seller in writing):
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (1) | The Buyer shall have obtained all appropriate ROC
      government approvals, including and without limitation, the approvals of
      the ROC Investment Commission of the Ministry of Economic Affairs for the
      Buyer to purchase and acquire the Preferred Shares;
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |     |                                                                                                                                                                                                                                                                           
| | (2) | The representations and warranties of the Buyer set out
      in Article 3 herein shall remain true and correct at the time on the date
      whereon this Agreement is entered and as of the Closing Date;
and                                                           
| |     |                                                                                                                                                                                                                                                                           
| | (3) | The Buyer shall have taken all necessary corporate
      actions in accordance with its articles of incorporation and/ or internal
      guidelines to authorize its execution, delivery and performance of this
      Agreement.                                         

Article 3.Representations and
Warranties

|3.1 | Seller.The Seller represents and warrants to the
      Buyer that:
|--- | ------------------------------------------------------------------

| | (1) | The Seller has full and complete power and authority to
      sell, transfer and convey to Buyer the Preferred Shares.                                                                                                                                                                                                                                                                                                                                                                               
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
| | (2) | The Preferred Shares are fully paid and free and clean of
      any pledges, liens or other encumbrances or restrictions of whatever
      nature.                                                                                                                                                                                                                                                                                                                                                   
| |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
| | (3) | The Seller is legally competent to enter into this
      Agreement and has obtained all corporate approvals necessary for the valid
      execution, delivery and performance hereof. The consummation of the
      transaction contemplated hereby will not violate or be in conflict with any agreement to which the Seller
      is party and this Agreement constitutes the legal, valid and binding
      obligations of the Seller enforceable against them in accordance with its
      terms.

4

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| | (4) | There is no legal proceeding pending or threatened
      against the Seller, which shall have material adverse effects on the
      consummation of the transaction contemplated
hereby.
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|3.2 | Buyer.The Buyer represents and warrants to the
      Seller on the Closing Date that:
|--- | -------------------------------------------------------------------------------------

| | (1) | The Buyer has obtained all corporate approvals necessary
      and appropriate for the valid execution, delivery and performance
      hereof.                                                                                  
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |     |                                                                                                                                                                                                                                 
| | (2) | The Buyer is legally competent to acquire the Preferred
      Shares and this Agreement constitutes the legal, valid and binding
      obligation of the Buyer enforceable against the Buyer in accordance with
      its terms.
| |     |                                                                                                                                                                                                                                 
| | (3) | There is no legal proceeding pending or threatened
      against the Buyer which shall have material adverse effects on the
      consummation of the transaction contemplated
hereby.                                          

Article 4.Covenants

The Seller covenants to the Buyer its commitments and
obligations as follows:

|4.1 | Board Seat.Within 30 days from the date hereof,
      the Seller shall use its best endeavors to call for or cause to be held a
      special meeting of its Board of Directors to elect CDIB or the individual
      nominated by CDIB as the Sellers new
Director.
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|4.2 | Target Market Value.
|--- | --------------------

| | 4.2.1 | The market value of the Seller shall not be lower than,
      (a) in the event that the Listing is achieved prior to and including
      December 31, 2011, US$160,000,000, and (b) in the event that the Listing
      is achieved after December 31, 2011, the sum of US$160,000,000 plus a
      return on the Purchase Price at an internal return rate of 35% per annum
      (net of tax) (in either case, the Target Market Value). For the
      avoidance of doubt, the calculation of the market value referred to herein
      shall not include the capital injected by means of any equity sales
      launched during the period between the closing of Capital Raise and the
      Listing.
| | ----- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

5

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| | 4.2.2 | In the event that the market value of the Seller does not
      meet the Target Market Value, upon the Buyers written notice, the Seller
      shall issue and deliver, within 30 days after receipt of the Buyers
      written notice of such failure, such number of additional shares of Common
      Stock (the TMV Stock) to the Buyer (rounded to the nearest one
      share) in accordance with the following formula:                                                                     
| | ----- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
| |       | S1= (B  M×P1) × H ÷
      P1                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
| |       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
| |       | Whereas,                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
| |       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
| |       | S1shall mean the number of the
      TMV Stock to be issued and delivered.                                                                                                                                                                                                                                                                                                                                                                                                                              
| |       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
| |       | Bshall mean (a) US$160,000,000 or (b) the sum
      equivalent to US$160,000,000 plus a return on the Purchase Price (net of
      tax) at an internal return rate of 35% per annum, as applicable in
      accordance with this Article 4.2.1.                                                                                                                                                                                                                                                         
| |       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
| |       | Mshall mean the total number of Common Stock
      (calculated on an as-converted and fully diluted basis) which consist of
      (1) 36,888,000 issued and outstanding Common Stock, (2) outstanding
      warrants exercisable for 3,401,320 shares of Common Stock, (3) 8,108,108
      shares of Common Stock to be issued as consideration of the Acquisition
      and (4) the Preferred Shares to issued in the Capital Raise, as converted
      to Common Stock (the Aggregate Common Stock).
| |       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
| |       | P1shall mean the issue price of
      an IPO or, if such price is not available, the 5-day average share price
      of the week immediately following the Listing.                                                                                                                                                                                                                                                                                                                                     
| |       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
| |       | Hshall mean the Buyers ownership accounting for
      the Aggregate Common Stock in the Seller on the date hereof calculated on
      an as-converted and fully diluted basis.                                                                                                                                                                                                                                                                                                                         
| |       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
| | 4.2.3 | If the Seller does not meet the Target Market Value and
      the Seller fails to issue the TMV Stock, in accordance with Article 4.2.2
      hereof, then the Buyer shall have the right to satisfy such obligation by
      providing written notice to the Escrow Agent to effect the issuance and
      delivery of such amount of Escrow Shares equal to the TMV Stock, up to the
      total number of Escrow Shares.                                                                             

|4.3 | Target Net Profit.
|--- | ------------------

| | 4.3.1 | The Sellers net profit after tax in 2011 shall not be
      lower than US$20,000,000 (the Target Net Profit). For the
      avoidance of doubt, the net profit after tax shall be calculated based on
      the Sellers audited consolidated financial statements for the fiscal year
      of 2011 incorporating the net profit after tax of SDHT starting
  from January 1, 2011, through the closing date of the
      Acquisition, based on the audited stand-alone financial statements of SDHT
      for the fiscal year of 2011 (the Net Profit).
| | ----- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

6

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| | 4.3.2 | In the event that the Sellers net profit after tax in
      2011 does not meet the Target Net Profit, upon the Buyers written notice,
      the Seller shall, within 30 days after receipt of the Buyers written
      notice, transfer such number of the Sellers common stock to the Buyer
      (rounded to the nearest share) (the TNP Stock) in accordance with
      the following formula:                                                                                            
| | ----- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
| |       | S2= { I ÷ ( Pf × P/E )  H}× M                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
| |       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
| |       | Whereas,                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
| |       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
| |       | S2shall mean the number
      of the TNP Stock to be issued and delivered.                                                                                                                                                                                                                                                                                                                                                                                                                         
| |       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
| |       | Ishall mean the total Purchase Price in
      an amount of US$10,000,000.                                                                                                                                                                                                                                                                                                                                                                                                                          
| |       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
| |       | Pfshall mean the actual Net Profit.                                                                                                                                                                                                                                                                                                                                                                                                                                                                
| |       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
| |       | P/Eshall mean the fixed price earning ratio of
      5.6.                                                                                                                                                                                                                                                                                                                                                                                                                                          
| |       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
| | 4.3.3 | If the Target Net Profit is not met and the Seller fails
      to issue the TNP Stock, in accordance with Article 4.3.2 hereof, then the
      Buyer shall have the right to satisfy such obligation by providing written
      notice to the Escrow Agent to effect the issuance and delivery of such
      amount of Escrow Shares equal to the TNP Stock, up to the total number of
      Escrow Shares. This Article 4.3 shall remain effective and in full force
      after the Registration.

|4.4 | Redemption.
|--- | -----------

| | 4.4.1 | If any of the following events occurs (each a
      Redemption Event), the Seller shall, upon the Buyers written
      notice, redeem any Preferred Shares held by the Buyer by making a cash
      payment to the Buyer of a sum equal to the Purchase Price for such
      Preferred Shares, plus a return on such Purchase Price at an internal
      return rate of 15% per annum (net of tax) (the Redemption
      Price).
| | ----- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (1) | the Listing fails to occur by the third anniversary of
      the date hereof;                                                                                                                                                                                                                      
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |     |                                                                                                                                                                                                                                                                                                    
| | (2) | the WOFE Application fails to be completed within 3
      months after obtaining of the relevant approvals referred to in Article
      2.1(9) ; or                                                                                                                                                
| |     |                                                                                                                                                                                                                                                                                                    
| | (3) | the Acquisition fails to be consummated under any and all
      applicable laws and regulations of Hong Kong within 3 months after
      execution of the equity transfer agreement referred to in Article 2.1(10), as
      confirmed by a legal opinion issued by the Sellers Hong Kong counsel.

7

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| | 4.4.2 | If the Seller fails to redeem the Preferred
      Shares following a Redemption Event, in accordance with Article 4.4.1
      hereof, the Buyer shall have the right to satisfy such obligation by
      providing written notice to the Escrow Agent to effect the issuance and
      delivery of such amount of Escrow Shares as has a fair market value equal
      to the Redemption Price, up to the total number of Escrow Shares (the
      Redemption Shares).
| | ----- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|4.5 | Registration.The Seller shall, at any time prior
      to the Listing as requested by, and upon the written notice from, the
      Buyer, convert the number of Preferred Shares specified by the Buyer into
      the exact same number of Common Stock of the Seller and effect the
      registration of such shares with the United States Securities and Exchange
      Commission, pursuant to the Securities Act of 1933, as amended (the
      Registration).                                                                          
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|4.6 | Right of Co-Sale.In the event that the Seller
      conducts an IPO after the Listing, the Buyer shall have the right,
      exercisable upon written notice to the Seller, to co-sell in such IPO, up
      to one fifth of the shares of Common Stock held at such time by the
      Buyer.                                                                                                                                                                                                                                                    
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|4.7 | Anti-Dilution Right.In the event that the Seller
      issues additional shares of Common Stock at a purchase price of less than
      US$2, the purchase and sale hereunder shall be deemed to have occurred at
      such lower price and the Seller shall promptly issue such additional
      shares of preferred stock (or equivalent common stock) to the Buyer, to
      total the amount of Preferred Stock that the Buyer would have received had
      it effected the purchase and sale hereunder for such lower purchase
      price.
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|4.8 | Information Right.The Seller shall, commencing on
      the date hereof, for so long any Preferred Shares are
  outstanding:                                                                                                                                                                                                                                                                                                                                                                                                                     

| | (1) | provide the Buyer with the audited annual financial
      statements (including balance sheet, profit and loss statement and cash
      flow statement) of the Seller and its subsidiaries as soon as such are
      available to the Seller, prepared in accordance with U.S. generally
      acceptable accounting principles;
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |     |                                                                                                                                                                                                                                                                                                                                 
| | (2) | provide to the Buyer with the monthly management accounts
      of the Seller and its subsidiaries as soon as such are available to the
      Seller;                                                                                                                                                                           
| |     |                                                                                                                                                                                                                                                                                                                                 
| | (3) | before taking any act in relation thereto, inform the
      Buyer any material change in the business scope, nature, activities and
      business direction by the Seller and/or its subsidiaries; and                                                                                                                         

8

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| | (4) | before taking any act in relation thereto, inform the
      Buyer any acquisition, merger, consolidation, spin-off or joint venture by
      the Seller and/or its subsidiaries.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|4.9 | Pledge Agreement.Immediately following the
      expiration of certain Lockup Agreements, dated February 10, 2010, entered
      into by and between the Company and each of its officers, directors and
      affiliates, including each of the Founder and Li Guifang, the Seller
      and/or the Founder shall, by itself and/or himself, or procure Li Guifang
      and Unitech International Investment Holdings Limited to, enter into a
      share pledge agreement with the Buyer to create a security interest in
      favor of the Buyer in lieu of the Escrow Agreement and escrow arrangement
      herein and therein. Failure to perform the obligation of this Article 4.9
      shall be deemed to constitute a breach of this
Agreement.
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Except as otherwise disclosed to the Buyer with valid and
effective documents/evidence prior to the date hereof, the Seller acknowledges
and undertakes that the terms and conditions stipulated in the Escrow Agreement
shall supersede and prevail over any and all restrictions, limitations,
arrangement or agreement, to the extent contrary to the establishment of the
escrow account and deposit of the Escrow Shares.

Article 5.Closing

|5.1 | The purchase and sale of the Preferred Shares (the
      Closing) shall take place remotely via the exchange of documents
      and signatures on the date that is 3 business days after all condition
      precedents set forth in Article 2 of this Agreement have been satisfied or
      duly waived by the relevant parties, or at such other time and date as may
      be mutually agreed upon by the Buyer and Seller (the Closing
      Date).
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|5.2 | On the Closing Date:                                                                                                                                                                                                                                                                                                                                                                                                                                        

| | (1) | The Seller shall (i) deliver to the Buyer, free and clear
      of any mortgage, charge, pledge, lien, hypothecation, deed of trust, title
      retention, security interest, or other third-party rights of any kind
      securing or conferring any priority of payment in respect of any
      obligation of any third party, the share certificates registered in the
      name of the Buyer or the individual designated by the Buyer, (ii) enter
      the Buyer in the register of members of the Seller as a holder of the
      Preferred Shares evidencing the Buyer s Preferred Shares as having been
      issued and credited as fully paid, and (iii) deliver to the Buyer a
      certified true copy of the register of members of the Seller reflecting
      the issuance of the Preferred Shares subscribed by the
  Buyer.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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| | (2) | The Buyer shall pay the Purchase Price by wire transfer
      of immediately available funds to the bank account designated by the
      Seller.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------

Article 6.Assignment

Each party to this Agreement shall not assign to any
third-party any of its rights and obligations acquired under this Agreement
without written prior consent of the other parties

hereto except that, the assignment is between the affiliates
and/or between parent and subsidiaries. Under the exception, a 10-day advanced
notification shall be given to the other parties.

Article 7. Termination

|7.1 | This Agreement may be
terminated:
|--- | ---------------------------------

| | (1) | at any time before Closing, by mutual written agreement
      of the Seller and the Buyer; or                                                                                                    
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |     |                                                                                                                                                                                                  
| | (2) | by either the Seller or the Buyer, immediately upon
      written notice to the other Party, in the event Closing does not occur on
      or before the deadline specified in Article 5.1
hereof.

|7.2 | In event of termination of this Agreement, the provisions
      of Articles 8 to 11 shall survive.
|--- | --------------------------------------------------------------------------------------------------

Article 8.Governing Law and
Jurisdiction

| | 8.1 | This Agreement shall be construed, interpreted and
      governed by the internal laws of the State of New York without regard to
      the principles of conflicts of law thereof that would apply any other
      law.                                                                          
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |     |                                                                                                                                                                                                                                                                                                   
| | 8.2 | The Parties hereto hereby agree that any and all disputes
      arising out of this Agreement shall be submitted to the non-exclusive
      jurisdiction of the courts of the State of New York and the United States
      District Court located in the Borough of Manhattan in New York
  City.

Article 9.Indemnification

| | 9.1 | Each of the Seller, the Buyer and the Founder shall
      indemnify and hold the other Parties hereto (Indemnified Party) harmless from
      and against any damages, losses, costs, expenses, claims, actions,
      assessments, fines, penalties and liabilities (Losses) suffered
      or incurred by an Indemnified Party or made against an Indemnified Party
      as a result of, caused by, or in any way relating to conditions,
      circumstances or occurrences which constitute or result in any breach of
      any representation, warranty, covenant or agreement of this Agreement (the
      Indemnified Event), to the extent that such Losses are
      attributable to the negligence or willful misconduct of the Indemnifying
      Party.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

10

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| | 9.2 | Without affecting the rights of a Party to recovery of
      actual and direct damages, under no circumstances shall any Party be
      liable to the other for consequential damages whether arising in contract,
      warranty, tort, strict liability, indemnity or
otherwise.
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Article 10.Entire
Agreement

This Agreement and the Escrow Agreement referred to herein
constitute the entire Agreement

and understanding of the Parties hereto with respect to the
subject matter hereof and shall

supersede any prior expressions of intent or understandings of
the Parties hereto with respect to the transaction referred to hereunder.

Article 11.Miscellaneous

|11.1 | All notices and other communications to be made pursuant
      to this Agreement shall be given in writing and sent by hand delivery,
      registered mail or courier to the address of each Party as specified below
      or to such other address as such Party may notify the other Party in
      writing. Notices shall become effective upon arrival at the relevant
      address. In case of any change to such address, a 3-day prior written
      notice thereof shall be sent to relevant Party, otherwise, the notices and
      communications hereof shall remain be sent to the originals address
      thereof.
|---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|11.2 | This Agreement shall become effective upon execution
      hereof. No amendment or change shall be made to this Agreement without the
      written consent of the Parties hereto.                                                                                                                                                                                                                                                                                                                                                                                                                                                
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|11.3 | No delay or failure by any Party in exercising any right
      hereunder shall operate as a waiver of such right and shall not preclude
      other or further exercise thereof or any other rights.                                                                                                                                                                                                                                                                                                                                                                                                                              
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|11.4 | Any and all costs and expenses incurred by each Party in
      connection with the preparation, execution and performance of this Agreement
      shall be born by such Party; provided, that costs and expenses
      incurred arising from enforcement of rights or pursuing recourse by one
      Party due to the others failure to perform its obligation hereunder shall
      be borne by the defaulting Party.                                                                                                                                                                                                           

11

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|11.5 | The expenses incurred in relation to the Acquisition DD
      (the DD Expenses) and any relevant out-of-pocket expenses shall
      be born by the Seller. DD Expenses shall be limited to a maximum amount of
      US$150,000; DD Expenses exceeding the maximum amount shall be born equally
      by the Buyer and the Seller.                                                                                                                                                                                             
|---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|11.6 | Wherever in this Agreement there is a reference to a
      specific number of Preferred Shares or Common Stock, upon the occurrence
      of, if applicable, any subdivision, combination or share dividend of the
      Preferred Shares or Common Stock, the specific number of shares so
      referenced in this Agreement shall automatically be proportionally
      adjusted to reflect the effect on the outstanding shares of such class or
      series of shares by such subdivision, combination or share
  dividend.

[Signature Pages Follow]

12

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IN WITNESS WHEREOF, the Parties hereto have caused this
Agreement to be duly executed as of the date first above written.

THE BUYER

China Development Industrial Bank

By: /S/ Dzeng, SimonName: Dzeng, Simon 
Title: President

Address For Notice:

125, Sec. 5, Nanjing East Rd., Taipei, 10504, Taiwan, ROC
Email: sdzeng@cdibank.com Tel: _+8862 27638800

THE SELLER

China TMK Battery Systems Inc.

By: /S/ Wu, He-Nian   
Name: Wu, He-Nian 
Title: Chairman

Address For Notice:

San-Jun Industries, Hua-Wang Second Road, 
Da-Lang Street,
Bao-An District 
Shenzhen 518109, China 
Email: whn570389@263.net 
Tel:
+8675528109908

THE FOUNDER

By: /S/ Wu, He-NianWu, He-Nian

Address For Notice:

See Seller’s Address

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