Document:

Exhibit 10.12

 

Purchase Agreement

 

Party A: Bin County Weicheng Rural Credit
Cooperative Agency

Party B: Heilongjiang Weikang Bio-Technology
Co., Ltd.

 

I. Party A shall transfer to Party B the
ownership of the office building located at No.365 Chengde Street Daowai District, Harbin, with net area 4012.66 square meters
(based on physical measurement), and construction coefficient 1.51. The total transfer price is RMB 96,000,000.00.

 

II. After the agreement is executed, Party
A shall cooperate Party B to go through relevant procedures such as ownership transfer. Party A shall provide relevant real property
procedures to cooperate with Party B and Party B shall be responsible for the transaction fees. Party A shall be responsible for
all the fees before the agreement is executed.

 

III. Party A shall cooperate with Party
B to handle relevant procedures of property maintenance fee payment. Party B shall be responsible for the property maintenance
fee after this agreement becomes effective.

 

VI. Party A shall provide Party B with
a complete building construction blueprint, including construction, water heating, fire escape, electric lighter.

 

V. Party B shall remit the payment to the
account appointed by Party A within 15 days after the agreement is executed. This agreement will expire after 15 days upon execution.
Breach of this provision would incur a penalty of RMB 500,000.

 

VI. Party A shall provide Party B with
documentation necessary for the ownership transfer within 10 days after the payment by Party A is received by Party B. Breach of
this provision would incur a penalty of RMB 500,000.

 

VII. Party A shall confirm that this building
is not a collateral to any debt.

 

VIII. Party A does not have the Real Estate
Ownership Certificate to this building, and the ownership is based upon the purchase and sales agreement between Party and Harbin
Juxing City Development Co., Ltd. Party A shall cooperate with Party B in the ownership transfer and accommodate Party B reasonable
time in preparing the documentation.

 

IX. For issues not stipulated in this agreement,
both parties shall resolve through negotiation. If negotiation fails, either party has the right to bring a lawsuit to the local
court.

 

X. This agreement shall be held in four
copies. Each party shall preserve two copies with equal legal effect.

 

Party A: Bin County Weicheng Rural Credit
Cooperative

 

Legal Representative: /s/

Party B: Heilongjiang Weikang Bio-Technology
Co., Ltd

 

Legal Representative: /s/

 

 

Date: September 20th 2011Comprehensive line of credit contract

Contract No: shenfaxinzhou20111208001

 

Party A: SHENZHEN DEVELOPMENT
BANK CO., LTD. Shenzhen Xinzhou Sub-branch

Add: Zhongchengtianyi
Building, Xinzhou Road, Futian District, Shenzhen, Guangdong, China

	Tel: 23480048	Fax: 23480054
	Head: Nannan Fu	Position: President

 

Party B: SHENZHEN HIGHPOWER
TECHNOLOGY CO., LTD.

Add: Building A2, Luoshan
Industrial Zone, Shanxia, Pinghu, Shenzhen, Guangdong, China

	Tel: 26300469	Fax: 89686819
	Legal Representative: Dangyu Pan	Zip code: 518111

 

In accordance with the
relevant laws and regulations, Party A and Party B reached this agreement after the willing negotiation, and both sides are willing
to abide by all the following clauses.

Article 1 Content of Comprehensive
line of credit

1. Amount of Comprehensive line of credit

RMB ONE HUNDRED MILLION ONLY (RMB 100,000,000.00)

Currency exchange rate shall be
the quotation on the day actual business happens announced by Party B except RMB.

2. The period of comprehensive
line of credit: from December 12, 2011 to November 27, 2011. During this period, the revolving loan under
this contract can be used many times. The method, amount, duration, etc. shall be determined by both sides, but the total balance
of various credits under this contract shall not more than the comprehensive line of credit.

 

Start date of actual businesses should be
within the duration of the contract and termination date depends on the terms of specific contracts.

If party A doesn’t give party B any
credit in six months, this comprehensive line of credit shall be an automatic termination.

Article 2 Transfer credit under the
line of credit

The debtor shall not transfer the line of
credit to other third party.

Article 3  This contract is signed
according to PRC laws, and applicable to PRC laws. If there is a dispute during the performance of the contract, Party A and Party
B should negotiate or mediate; if negotiation or mediation fails, the dispute shall be settled by the People’s court in party
A’s location.

Article 4 Coerce execution notarization:

The two parties shall not enter into coerce
execution notarization.

Article 5  Other matters agreed by
both parties:

		(1)	If Party B use the credit with bank acceptance bill or commercial acceptance bill, Party B should
complete the deposit balance at least one month earlier, otherwise Party A has the right to view this as an early maturity. (2)
The party B shall not be permitted to distribute profits during credit period; otherwise party A has the right to view this as
an early maturity..

 

    	 

    	 

    

 

Article 6 This agreement is written
in two originals, one for Party A, and one for Party B. Each original enjoy the equally authentic.

Article 7 The way of comprehensive
credit

The ways of comprehensive line of credit include
but not limited to the following:

Loans, lending, bill acceptance and discount,
overdraft, factoring, guarantees, loan commitments, letters of credit, etc.

The specific way of credit subjects to the
specific business contract signed by the two sides.

Article 8 The use of comprehensive
credit line

The applicant of the comprehensive credit
line should be Party B, and examined and approved by Party A, then the two sides sign the corresponding business contract.

Article 9 Statement, guarantee and
commitment of party B

1. Party B is a validly existing and good
reputation company founded in the judicial area, with all the corporate rights and government licensing and approval in current
business.

2. Party B has the legal power, rights and
authorities to sign, deliver and perform this contract. This contract constitutes a valid and binding agreement to Party B, and
according to the clauses of the contract, execution can be done to Party B.

3. Party B guarantees that the information
provided is true, complete, legal, valid, and does not contain any false record, misleading statement or significant omission.

4. Party B hereby promises to completely performance
all obligations in good way under the contract, and without prior written consent of Party A, Party B shall not make any behavior
(including Party B shall act but not, or should not act but act) to endanger the realization of claims under the contract.

5. Party B hereby promises to give a written
notice to Party A within ten days when changes residence, mailing address, telephone number and business scope, legal representative
etc. If party B does not fulfill the obligation to notify Party A, the notice and documents are deemed to have been delivered in
accordance with the original mailing address.

6. Party B hereby confirms that signing this
contract is the true meaning by having carefully reviewed and fully being aware of and understanding all the terms of this contract.

Article 10. Particular agreement on
group client and related transactions

1. Group clients are enterprise legal persons
with the following characteristics:

(1) Control other enterprise
legal persons or controlled by other enterprise legal persons directly or indirectly on the equity or management;

(2) Controlled together
by a third enterprise’s legal person;

(3) Major investment
individuals, key management personnel or close family members (including immediate family members within three generations and
collateral relatives within two generations) common control directly or indirectly;

(4) There are other
association, may not transfer assets and profits at fair prices, should be treated as customers of the Group for credit management

2. As a group client, party B should write
a report to party A within ten days from the date that a transaction covers more than 10% of the net assets. The report includes
related parties of the transaction, items of the transaction and the nature of the transaction, the transaction amount or the corresponding
percentage and the pricing policies (including those with no or only a nominal amount of the transaction).

 

    	 

    	 

    

 

Article 11 Event of default and liability
for breach of contract

1. Event of default

One of the following circumstances constitutes
a default:

(1) Party B breaches
this contract or fails to fulfill its duties and obligations, or expressly states or indicates by its conduct that it will not
perform its obligations under a contract.

(2) The relevant certifications
and documents Party B submitted to or any announcements Party B made are untrue, inaccurate, incomplete or contain any false records,
misleading statements or major omissions.

(3) Party B conceals
the true important information, and doesn’t cooperate with party A on investigation, examination ,inspection.

(4) Party B’s
unauthorized changes of the use of the loan, misappropriates loans or uses bank loans for illegal transactions.

(5) Party B violates
similar contracts signed with party A or any other thirty parties, or issues any bonds, or enters into litigation or arbitration
arise from bonds issuance.

(6)Party B's guarantor
breaches of the guarantee contract (including but not limited to the credit contract, mortgage contract, pledge contract) occurred
an event of default under the guarantee contract, or the guarantee contract does not came into effect, or invalid or revoked.

(7) To Party B there
exists indolent management and recourse due debt or it transfers property or uses other ways to avoid debts by ways of gratis,
unreasonably-low price and other improper means.

(8) Party B uses the
false contracts and arrangements signed with any other third party (including but not limited to Party B's related parties), including
but not limited to use notes receivable that with no real transactions to obtain Party A’s or other banks’ funds or
credit.

(9)Party B evades bank
debts on purpose through related party transactions or other ways.

(10) There are major
problems in Party B’s business circumstances, such as deteriorated financial situation, significant financial loss, loss
of assets (including but not limited to loss of assets because of the external security), or other financial crisis.

(11) Party B is subject
to administrative penalties, criminal sanctions because of illegal operations or being investigated by authorities, and may be
subject to administrative penalties, criminal sanctions.

(12) Party B is subject
to spin-off, merger, major merger, acquisition or restructure a significant disposal of assets, capital reduction, liquidation,
reorganization, revocation, declared bankrupt, dissolution, etc.

(13) The controlling
shareholder or actual controller of Party B changes, and party A deem that it already has or may endanger the claims under this
contract, or major events happen to party B's controlling shareholders, actual controllers, legal representative, senior management
staff. Including but limited to be subject to administrative penalties, criminal sanctions because of illegal operations or being
investigated by authorities, or may be subject to administrative penalties, criminal sanctions, or enter into litigation or arbitration,
serious deterioration of the financial situation, declaring bankruptcy or dissolution, etc.

(14) Party B’s
industry has adverse change, Party A considers which has or may endanger to achieve its claims of this contract.

(15) Party B does not
settle the accounts or deposit money or other related businesses at party A ‘s bank in accordance with the contract.

 

    	 

    	 

    

 

(16) Other situations
that endanger or may endanger the realization of claims under this contract associated with Party B.

2. Liability for breach
of contract

Under the above circumstances, party A
shall have rights to,

(1) Adjust, cancel or
suspend the comprehensive credit line under this contract, or adjust the valid period.

(2) Declare that all
or part of the debt will due and request party B to repay all or part of the due debt immediately.

(3) Request party B
to add additional guarantee, or take other measures to ensure that the lawful rights and interests of Party A shall not be violated.

(4) Party A shall have
the right to deduct the money from Party B’s account or the guarantor’s account directly to pay off all the debt that
Party B owed under the contract (including debt that Party A requests to pay in advance), without prior consent of Party B.

(5) Party A shall have
the right to perform the guarantee, demand the guarantee to realize the liability of the guaranty, or dispose of the collateral
and/or the pledge to realize creditor's rights.

Article 12. This
agreement becomes effective after being signed (it should be signed and stamped by authorized person).

 

/s/ [SEAL]

Party A (Stamp)

Signature of legal representative or deputy:

Date: December 12, 2011

 

/s/ Dang Yu Pan

Party B (Stamp)

Signature of legal representative or deputy:

Date: December 12, 2011

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