Exhibit 4.14


 


 


Electronic supervision number: 5223282021B00341


 


State-owned Construction Land Use Right


Assignment
Contract


 


	
    By:
    Ministry of Natural Resources of the PRC

    State Administration for Industry and Commerce
    of the PRC



 


Contract No: YL5223011CR-2021-55


 


State-owned Construction Land Use Right Assignment
Contract


 






     


     


    

 


Contract number: YL5223011CR-2021-55


 


State-owned Construction
Land Use Right


Assignment Contract


 


The parties to this contract:


 


Transferor: Natural Resources
Bureau of Qianxinan Prefecture, Yilong New District Branch;


 


Mailing
address: Building 1, Lutun Administrative Center, Longxin District      ;


 


Postal
Code: /                                 ;


 


Tel:
0859-3521095                       ;


 


Fax:
/                                             ;


 


Account
Bank: /                           ;


 


Account:
/                                        .


 


Transferee: Sunrise
(Guizhou) New Energy Materials Co., Ltd.                    ;


 


Mailing address: Group 2,
Heying Village, Lutun Town, Yilong New District, Qianxinan Prefecture, Guizhou Province (next to Yilong Avenue) ;


 


Postal
Code: /                                    ;


 


phone:
/                                                ;


 


Fax: /                                                 ;


 


Account
Bank: /                                     ;


 


Account:
/                                                      .


 




     


     


    

 


Chapter I General Provisions


 


Article 1 According
to the “Property Law of the People’s Republic of China”, “Contract Law of the People’s Republic of China”, “Land
Administration Law of the People’s Republic of China”, “Urban Real Estate Administration Law of the People’s Republic of China”
and other laws, relevant administrative regulations and land supply policies, both parties are based on equality, voluntary, paid, good
faith principle, to conclude this contract.


 


Article 2 The
ownership of the transferred land belongs to the People’s Republic of China, and the transferor transfers the right to use state-owned
construction land according to the authorization of the law. Underground resources and buried objects do not belong to the scope of the
transfer of the right to use state-owned construction land.


 


Article 3 The
transferee shall enjoy the rights to possess, use, benefit from, and dispose on the state-owned construction land obtained according to
the law, and shall have the right to use the land to build buildings, structures and their ancillary facilities according to law.


 


Chapter II Delivery of Assigned Land and Payment
of Assignment Price


 


Article 4 The
number of the land to be transferred under this contract is No. 2021-72 , the total land area is 260,543 square meters,
where project area is 260,543 square meters.


 


The land transferred under
this contract is located in Lianxin Village, Longguang Town and Xinqiao Village, Xinqiao Town .


 


The plane boundary address of the land to be transferred
under this contract is / ; See Annex 1 for the plane boundary map of the land to be transferred .


 


The vertical limit of the land
to be transferred under this contract shall be determined by / as the upper limit, / as the lower limit, and the height
difference is / m. See Annex 2 for the vertical boundaries of the land to be sold .


 


The space range of the land
to be leased is the space range formed by the vertical plane formed by the above-mentioned boundary points and the upper and lower boundary
elevation planes.


 


Article 5 The
purpose of the land to be transferred under this contract is Industrial land .


 


Article 6 The
transferor agrees to transfer the land to the transferee before June 10th,2022.  The transferor agreed that the land
should reach the conditions specified in this article at the time of delivery of the land. The land conditions specified in subparagraph
( 1 ) :


 





(1) The leveling of the site
reaches /


                                                                            ;


 


The surrounding infrastructure
reaches /


                                                                            ;


 


(2) Current land conditions
/


                                                                            


 






    2


     


    

.


Article 7 The
term of assignment of the state-owned construction land use right under this contract is 50 years,/ shall be counted
from the date of delivery of the land as stipulated in Article 6 of this contract; if the right to use state-owned construction land
was originally allocated (leased) and the transfer procedures are completed, the transfer period shall be counted from the date of
signing the contract.


 


Article 8 The
transfer price of the state-owned construction land use right under this contract shall be RMB 44292310 yuan, which is RMB 170
yuan per square meter.


 


Article 9 The
deposit for the land under this contract is RMB / yuan , the deposit should be used as the land transfer price.


 


Article 10 The
transferee agrees to pay the transferor the transfer price of the state-owned construction land use right according to the provisions
of item ( 2 ) as following :


 


(1) From the date of signing
this contract, the transfer price of the state-owned construction land use right shall be paid off in one installment;


 


(2) The transfer price of
the state-owned construction land use right shall be paid to the transferor in two installments according to the following time and amount.


 


2ndinstallment: RMB 22145000 yuan,
payment deadline is March 21 , 2022. 1st installment: RMB 22147310 yuan , payment deadline is January 21 , 2022;


 


If the transfer price of the
state-owned construction land use right is paid in installments, the transferee shall agree to pay the loan interest of the second and
subsequent installments from the date of first installment. The interest rate is as announced by the People’s Bank of China.


 


Article 11 The
transferee shall apply for the registration of the transfer of the right to use the state-owned construction land after paying off all
the transfer price of land as agreed in this contract, showing the contract and the transfer price payment voucher and other relevant
certification materials.


 






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Chapter III Land Development, Construction and
Utilization


 


Article 12 The
transferee agrees that the land development investment intensity under this contract shall be in accordance with the provisions of this
article. / Item stipulates that:


 


(1) land under this contract
is used for the construction of industrial projects, and the transferee agrees that the total investment in fixed assets of land under
this contract shall not be lower than the approved or registered amount, RMB, the investment intensity shall not be lower than the capital
case of RMB /  yuan per square meter. The total fixed assets investment of the land construction project under this contract includes
buildings, structures and their ancillary facilities, equipment investment and transfer price, etc.


 


(2) land under this contract is used for the construction
of non-industrial projects, and the transferee undertakes that the total investment in the development of land under this contract shall
not be less than RMB /  yuan.


 


Article 13 If
the transferee builds new buildings, structures and ancillary facilities within the scope of land under this contract, it shall comply
with the planning conditions for the land to be transferred as determined by the planning management department of the city (county) government
(see Annex 3 ). in:


 


The nature of the main building Industrial
;


 


the nature of ancillary
buildings / ;


 


The total construction area
is 260,543 square meters;


 


The building area ratio is not higher than /
and not less than 0.70 ;


 


Building height not higher
than / not less than / ;


 


The building density is
not higher / not lower than 30% ;


 


Green space rate is not
higher than 20% and not lower than / ;


 


Other land use requirements
should strictly follow the planning requirements.


 


Article 14 The
transferee agrees that the construction facilities of land under this contract shall be implemented in accordance with the provisions
of item ( 1 ) of this article :


 


(1) land under this contract
is used for the construction of industrial projects. According to the planning and design conditions determined by the planning department,
the area of land assigned in this contract for the internal administrative office and living service facilities of the enterprise shall
not exceed the area of / % the land, that is, not more than / square meter.The building area does not exceed / square
meter. The transferee agrees not to construct non-productive facilities such as complete houses, expert buildings, hotels, guest houses
and training centers within the scope of the land;


  


(2) land under this contract
is used for the construction of residential projects. According to the planning and construction conditions determined by the planning
and construction management department, the total number of residential buildings within the scope of the land transferred under this
contract shall not be less than / set. Among them, the number of housing units with a building area of less than 90 square meters
shall not be less than / set, the housing construction set type requirement is / . The proportion of housing area below
90 square meters in the total area of development and construction of the land within the scope of this contract shall not be less than
/ %. The affordable housing, low-rent housing and other government indemnificatory housing built within the scope of land under
this contract, the transferee agrees to build it according to the provisions of / way to perform:


 


1 . handed over to the government;


 






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2 . repurchased by the government;


 


3 . It shall be implemented
in accordance with the relevant government regulations on the construction and sales management of affordable housing;


 


4 . / .


 


Article 15 The
transferee agrees to simultaneously construct the following supporting engineering projects within the land under this contract, and hand
over them to the government free of charge after completion:


/ 


 


Article 16 The
transferee agrees that the land construction project under this contract shall be started before June 30th 2023, and finished
before June 30th 2026.


 





If the transferee cannot
start construction on time, it shall apply to the transferor for extension of construction 30 days in advance. If the transferor agrees
to extend the construction, the completion time of the project shall be extended accordingly, but the extension period shall not exceed
one year.


 


Article 17 When
the transferee builds in land under this contract, the water, gas, sewage and other facilities and the main line outside the land, the
interface of the electricity substation and the introduction project shall be handled in accordance with the relevant regulations.


 


The transferee agrees that the various pipelines
laid by the government for the needs of public utilities enter and exit, pass through, and pass through the transferred land, but if the
use function of the transferred land is affected, the government or the public utility construction entity shall give reasonable compensation.


 


Article 18 The
transferee shall use the land in accordance within the function and ratio of land stated in this contract, and shall not change it without
authorization. During the assignment period, if it is necessary to change the land use stipulated in this contract, both parties agree
to comply with the provisions of this article. Item ( 2 ) stipulates that:


 


(1) The transferor shall recover
the right to use the construction land with compensation;


 


(2) Going through the approval
procedures for changing the land use in accordance with the law, signing an agreement on the modification of the state-owned construction
land use right assignment contract or re-signing the state-owned construction land use right assignment contract, and the transferee shall
evaluate the market for the construction land use right under the new land use at the time of the approval change. The difference between
the price and the assessed market price of the construction land use right under the original land use shall be paid for the transfer
price of the state-owned construction land use right, and the land change registration shall be processed.


 


Article 19 During
the term of use of land under this contract, the government reserves the right to adjust the planning of land under this contract. If
the original plan is modified, the existing buildings on land will not be affected. When the buildings, structures and their ancillary
facilities are remodeled, renovated or reconstructed, or when the time limit expires, the application for renewal must be carried out
in accordance with the plan in effect at that time.


 


Article 20 The
right to use state-owned construction land legally used by the transferee shall not be withdrawn by the transferor before the expiry of
the term of use stipulated in this contract; under special circumstances, the right to use state-owned construction land needs to be withdrawn
in advance according to social and public interests, the transferor shall apply for approval in accordance with legal procedures, and
shall compensate the land user according to the value of the buildings, structures and their ancillary facilities on the ground at the
time of recovery, the assessed market price of the right to use state-owned construction land for the remaining term, and the direct losses
identified by the assessment.


 






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Chapter IV Transfer, Lease and mortgage of State-owned
Construction Land Use Rights


 


Article 21 The
transferee shall pay the transfer price of all the state-owned construction land use rights as agreed in this contract, and after receiving
the state-owned land use certificate, has the right to transfer, lease or mortgage all or part of the state-owned construction land use
rights under this contract . For the first transfer, it shall comply with the provisions of this article. The conditions set out in subparagraph
( 1 ) :


 


(1) Invest in development in
accordance with this contract, and complete more than 25% of the total development investment;


 


(2) The investment and development are carried
out in accordance with this contract, and the conditions for industrial land or other construction land have been formed.


 


Article 22 Contracts
for assignment, lease and mortgage of the right to use state-owned construction land shall not violate the provisions of national laws
and regulations and the stipulations in this contract.


 


Article 23 After
the transfer of state-owned construction land use rights in whole or in part, the rights and obligations stated in this contract and the
land registration documents will be transferred accordingly. The remaining years of state-owned construction land use rights is defined
years of this contract minus years already used.


 


After the lease of all or
part of the state-owned construction land use rights under this contract, the rights and obligations stated in this contract and the land
registration documents shall still be borne by the transferee.


 


Article 24 If
the right to use state-owned construction land is transferred or mortgaged, both parties to the transfer and mortgage shall apply to the
natural resource management department for land change registration with this contract, the corresponding transfer and mortgage contract
and the state-owned land use certificate.


 






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Chapter V Expiration of Term


 


Article 25 When
the term of use stipulated in this contract expires, if the land user needs to continue to use the land under this contract, he shall
submit a renewal application to the transferor no later than one year before the expiry date. The transferor shall approve to renew unless
the land should be withdraw for the social public interests.


 


When the term of the right
to use the land for residential construction expires, it shall be renewed automatically.


 


If the transferor agrees
to renew the term, the land user shall go through the procedures for land use with compensation such as transfer and lease according to
law, sign a new contract for land use such as transfer, lease, etc., and pay the land transfer price, rent and other land use fees.


 


Article 26 When
the land transfer period expires and the land user applies for renewal, but the approval is not approved due to social and public interests,
the land user shall return the state-owned land use certificate, and go through the cancellation registration of the state-owned construction
land use right in accordance with the regulations, reclaimed by the transferor free of charge. The transferor and the land user agree
that the buildings, structures and their ancillary facilities on the land under this contract shall be performed in accordance with the
provisions of item ( 1 ) of this article :


 


(1) The above-ground buildings,
structures and their ancillary facilities shall be recovered by the transferor, and corresponding compensation shall be given to the land
user according to the residual value of the above-ground buildings, structures and their ancillary facilities at the time of recovery;


 


(2) The above-ground buildings,
structures and their ancillary facilities shall be recovered by the transferor free of charge.


 


Article 27 When
the land grant period expires and the land user does not apply for renewal, the land user shall return the state-owned land use certificate,
and handle the cancellation registration of the state-owned construction land use right in accordance with the regulations, and the state-owned
construction land use right shall be recovered by the transferor free of charge. The buildings, structures and their ancillary facilities
on the land under this contract shall be recovered by the transferor free of charge, and the land user shall maintain the normal use of
the above-ground buildings, structures and their ancillary facilities, and shall not destroy them artificially. If the above-ground buildings,
structures and their ancillary facilities lose their normal use functions, the transferor may require the land user to move or dismantle
the above-ground buildings, structures and their ancillary facilities, and restore the level of the site.


 






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Chapter VI Force Majeure


 


Article 28 If
either party to the contract fails to perform part or all of this contract due to force majeure, it can be exempted from liability, but
all necessary remedial measures should be taken under conditions to reduce losses caused by force majeure. Force majeure that occurs during
the delay in performance by the parties does not have the effect of exemption from liability.


 


Article 29 The
party in the event of force majeure shall notify the other party of the force majeure situation in writing by letter, telegram, fax, etc.
within 7 days, and within 15 days after the occurrence of force majeure, submit to the other party that part or all of this contract cannot
be performed or report and proof of delayed performance.


 


Chapter VII Liability for Breach of Contract


 


Article 30 The
transferee shall, in accordance with this contract, pay the transfer price of the state-owned construction land use right on time. If
the transferee fails to pay the transfer price of the state-owned construction land use right on time, from the date of overdue payment,
the delayed payment shall be paid on a daily basis of 0.3 ‰ fine to the transferor. If the payment is delayed for more than
60 days, and not be paid after the transferor urges notice, then the transferor has the right to terminate the contract, and the transferee
has no right to request the return of the deposit. The transferor may request the transferee to compensate for the loss.


 


Article 31 If
the transferee terminates the investment and construction of the project due to its own reasons, and proposes to the transferor to terminate
the performance of this contract and request the return of the land, the transferor shall, after reporting to the government that originally
approved the land transfer plan for approval, follow the following agreements respectively, refund all or part of the transfer price (without
interest)except the deposit stipulated in this contract, and recover the state-owned construction land use right. The transferor may also
require the transferee to remove the built buildings, structures and their ancillary facilities, and restore the site level; however,
if the transferor is willing to continue to use the existing buildings, structures and their ancillary facilities within the scope of
the land, the transferee shall be compensated for:


(1) If the transferee applies to the transferor
no less than 60 days before the end of first year of the construction start date as agreed in this contract , the transferor shall refund
the transfer price paid by the transferee after deducting the deposit;


 


(2) If the transferee applies
to the transferor no less than 60 days before the end of second year of the construction start date as agreed in this contract, the transferor
shall deduct the deposit stipulated in this contract, as well as the land idle fee in accordance with the regulations, and the remaining
paid price shall be returned to the transferee.


 






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Article 32 If
the transferee causes the land to be left idle for a period of more than one year but less than two years, it shall pay the land idle
fee according to law; if the land has been idle for two years and construction has not started, the transferor has the right to take back
the right to use the state-owned construction land free of charge.


 


Article 33 If
the transferee fails to start construction on the date agreed in this contract or delays to start, the transferee shall pay the transferor
0.3 ‰ of the total amount of transfer price for each day of delay. The transferor has the right to require the transferee
to continue to perform the contract.


 


If the transferee fails
to complete the project according to the date agreed in this contract or delays to complete,the transferee shall pay the transferor 0.3
‰ of the total amount of transfer price for each day of delay. The transferor has the right to require the transferee to continue
to perform the contract.


 


Article 34 If
the total fixed assets investment, investment intensity and total development investment of the project do not meet the standards stipulated
in this contract, the transferor may require the transferee to pay liquidated damages. The proportion of liquidated damages to the transfer
price should be same as proportion of the actual investment to the agreed total investment.The transferee may be required to continue
to perform the contract.


 


Article 35 If
any one of the indicators such as the plot ratio and building density of land under this contract is lower than the minimum standard agreed
in this contract, the transferor may request the transferee to pay liquidated damages based on the proportion of the actual difference
to the agreed minimum standard. The transferor has the right to require the transferee to continue to perform this contract. If any one
of the indicators such as building plot ratio and building density is higher than the highest standard stipulated in this contract, the
transferor has the right to recover the area part higher than the agreed maximum standard, and has the right to require the transferee
to pay liquidated damages equivalent to the same proportion of the transfer price according to the proportion of the actual difference
to the agreed standard.


 


Article 36 If
any one of the indicators, such as the green space ratio of the industrial construction project, the proportion of the land used for the
internal administrative office and living service facilities of the enterprise, and the building area of the internal administrative office
and living service facilities of the enterprise, exceeds the standard stipulated in this contract, the transferee shall pay the transferor
liquidated damages of 0.1 ‰ of the total transfer price L, and the corresponding greening and building facilities shall
be demolished by the transferee.


 


Article 37 If
the transferee pays the transfer price of the state-owned construction land use right as agreed in this contract, the transferor must
deliver the transferred land on time in accordance with the contract. If the transferor does not provide the transfer land on time and
leads to the transferee’s possession of land under this contract postponed, the transferor shall pay liquidated damages of 0.1 ‰
of the total transfer price each day to the transferee. If the transferor delays the delivery of the land for more than 60 days and still
fails to deliver the land after being urged by the transferee, the transferee has the right to rescind the contract, and the transferor
shall return double the deposit to the transferee, as well as any other payment that has been paid. The transferee may request the transferor
to compensate for the loss.


 


Article 38 If
the transferor fails to deliver the land on time or the delivered land fails to meet the land conditions stipulated in this contract or
unilaterally changes the land use conditions, the transferee has the right to require the transferor to perform its obligations in accordance
with the stipulated conditions, and compensate the transferee for losses caused by the delay. The term count of the land use period begins
after the land delivered meets the conditions stated in this agreement.


 






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Chapter VIII Applicable Law and Dispute Resolution


 


Article 39 The
draft, validity, interpretation, performance and dispute resolution of this contract shall be governed by the laws of the People’s Republic
of China.


 


Article 40 Disputes
arising from the execution of this contract shall be resolved through negotiation between the two parties.If the negotiation fails, the
dispute resolution shall be implemented according to item (2) of this article:


 


(1) Submit / Arbitration Commission Arbitration;


 


(2) File a lawsuit to the court in accordance
with the law.


 


Chapter IX Supplementary Provisions


 


Article 41 The
land transfer plan under this contract has been approved by the People’s Government of the Yilong New District Management Committee
. This contract will take effect from the date of signing by both parties.


 


Article 42 Both
parties to this contract guarantee that the names, mailing addresses, telephone numbers, fax numbers, account opening banks, agents, etc.
filled in this contract are true and valid . If one party’s information changes, it shall notify the other party in writing within 15
days from the date of the change. Otherwise, it shall be responsible for the failure to inform the other party in time.


 


Article 43 This
contract and its annexes consist of a total of 21 pages, and the Chinese version shall prevail.


 


Article 44 The
price, amount, area and other items of this contract shall be expressed in uppercase and lowercase at the same time, and the amounts in
uppercase and lowercase shall be consistent.


 


Article 45 Matters
not covered in this contract can be agreed upon by both parties as an annex to the contract, which has the same legal effect as this contract.


 


Article 46 This
contract is in triplicate , one copy for the transferor and two copies for the transferee.


 




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	Transferor (Seal):	Transferee (Seal):
	 	 
	 	 
	Legal representative	Legal representative 
	 	 
	(authorized agent)	( authorized agent ) :
	 	 
	(signature):	(signature):



 





December 24, 2021


 




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Attachment 1


Transfer Land Boundary Flat Plan


 


 


 


Scale bar: 1:
                


 




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Attachment 2


 





Transfer
Land Boundary Vertical Limit


 


 


 


Elevation system used:                         


 


Scale bar: 1 :                        



  




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Attachment 3


Land Map


 


Land No.:2021-72


 


2779.20-35523.75


 


 


 





Date: Nov 11,2021


 


 


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