Exhibit 10.3


 


AGREEMENT
TO ASSIGN CONSULTING SERVICES AGREEMENT


 


This
Agreement To Assign Consulting Services Agreement (this “Agreement”) is dated April 30, 2020, and is entered
into in Nantong, People’s Republic of China (“PRC” or “China”) by and among:


 


Party
A: Shengrong Environmental Protection Technology (Wuhan) Co., Ltd.


Address:
No. 1 Fengmao Road, Qiaokou District, Wuhan City, PRC


 


Party
B: Tongrong Technology (Jiangsu) Co., Ltd.


Address:
Room 14050, Building 21(22), No.1692 Xinghu Avenue, Development District, Nantong, Jiangsu Province, PRC


 


Party
C: Jiangsu Rong Hai Electric Power Fuel Co., Ltd.


Address:
102, Building 29, Xingfu New Town, Gangzha Distrct, Nantong, Jiangsu Province, PRC


 


RECITALS


 


		(1)	Each
                                         Party A and Party B is a wholly foreign owned enterprise incorporated under the PRC laws;



 


		(2)	Party
                                         C is a company incorporated under the PRC laws;



 


		(3)	Party
                                         A and Party C entered into an Consulting Services Agreement dated November 30, 2018 (the
                                         “Consulting Agreement”), pursuant to which Party A provides to Party C, on
                                         an exclusive basis, consulting services pertaining to general business operation, human
                                         resources, business development and others.



 


		(4)	Party
                                         A determined that the rights and obligations of Party A under Consulting Agreement be
                                         assigned to Party B, and Party B agrees to such assignment.



 


NOW
THEREFORE, the Parties agree as follows:


 


		1.	ASSIGNMENT
                                         OF CONSULTING AGREEMENT



 


		1.1	Party
                                         A hereby transfers the Consulting Agreement and assigns all rights and obligations under
                                         Consulting Agreement to Party B, and Party B hereby accepts such assignment and transfer
                                         (the “Assignment”).



 


		1.2	Party
                                         C hereby acknowledges this Assignment.



 


		1.3	Pursuant
                                         to the foregoing Assignment, the Parties agree that the Consulting Agreement is hereby
                                         amended to replace and substitute Party A with Party B.



 


		2.	GENERAL



 


		2.1	Except
                                         as expressly set forth in this Agreement, the terms and provisions of the Consulting
                                         Agreement shall continue unmodified and in full force and effect. In the event of any
                                         conflict between this Agreement and the Consulting Agreement, this Agreement shall control.



 


		2.2	This
                                         Agreement shall be executed in three (3) duplicate originals in both Chinese and English.
                                         Each Party shall receive one (1) duplicate original, and all originals shall be equally
                                         valid. In case of any discrepancies among the different languages, the Chinese version
                                         shall prevail.



 


[SIGNATURE
PAGE FOLLOWS]





 






    1


     


    

 


[SIGNATURE
PAGES]


 


IN
WITNESS WHEREOF this Agreement is duly executed by each Party or its legal representatives.


 


	PARTY A:	Shengrong Environmental Protection Technology (Wuhan) Co., Ltd.
	 	 	 
	 	Legal/Authorized Representative:	 
	 	 	 
	 	/s/ Renqi Yang	 
	 	Name: Renqi Yang	 
	 	Title: Executive Director	 
	 	Date: April 30, 2020	 



 


	PARTY B:	Tongrong Technology (Jiangsu) Co., Ltd.	 
	 	 	 
	 	Legal/Authorized Representative:	 
	 	 	 
	 	/s/ Yimin Jin	 
	 	Name: Yimin Jin	 
	 	Title: Executive Director	 
	 	Date: April 30, 2020	 



 


	PARTY C:	Jiangsu Rong Hai Electric Power Fuel Co., Ltd.
	 	 	 
	 	Legal/Authorized Representative:	 
	 	 	 
	 	/s/ Jirong Huang	 
	 	Name: Jirong Huang	 
	 	Title: Executive Director	 
	 	Date: April 30, 2020	 




 




 


2