Document:

Exhibit 10.42

 

Maximum Amount Comprehensive Credit Line
Contract

NO. SX162618000785

 

Fiduciary: Icon Energy System
(Shenzhen) Company Limited

Address: Block A, 4/F, Jinmeiwei Industrial
Park, Guanlan Hi-tech Industrial Park, Guanlan Town, Baoan District, Shenzhen 

 

Creditor: Bank of Jiangsu, Shenzhen
Sub-branch.

Address: 19、20/F, Haiwangxingchen
Building, NO.2, Lanxiangyi Street, Zhongxin Road, Nanshan, Shenzhen.

 

According to relevant laws and regulations
of China, this contract was agreed by two parties, and both parties agree to comply with all terms of the contract.

 

Clause 1 The maximum comprehensive
credit limits (hereinafter referred to as “fiduciary”) means the credit line that creditor provide to fiduciary who
can use the credit line in the business lines agreed by the contract.

 

Clause 2 Content of the credit

1. The maximum amount of comprehensive credit
limits that creditor provide to fiduciary is RMB 10,000,000.

2. The period of the credit: From 25th Sep,
2018 to 24th Sep, 2019. This period only limits the start date of the credit businesses but the expiration date.

3. The allotted time, amount, interest rate
and rate of single specific business under this credit contract should be agreed by accordingly specific business contract and
voucher.

4. Aforesaid “The maximum comprehensive
credit limits” only includes the balance of credit principal which is the actual used credit line (deducts guaranty bund)
deducts the part which has been repaid under this contract during the contract period, but the interest, punitive interest compound
interest and other payables which should be afforded by fiduciary.

 

Clause 3 The usage of credit line

1. When fiduciary need to use the credit line
under this contract, should apply to creditor one by one, creditor has the right to audit in accordance with fund condition of
itself, operation situation of fiduciary and the purpose of credit etc. If the applications are approved, both parties should sign
the specific credit business contract separately. Every single credit business contract under this contract and relevant voucher
constitute the effective attachment of this contract.

2. Within the period agreed in this contract,
fiduciary can use the credit line according to the limit of every single credit business agreed by this contract repeatedly, if
fiduciary need to adjust the usage of credit line, application should be provided to creditor in writing, and creditor decides
whether the application can be approve and the method of adjustment.

3. The following is out of the credit:

4. When the credit become expiring, the credit
line which is not used will automatically be cancelled.

 

     

     

    

 

Clause 4 Adjustment of credit line

In the process of performing this contract,
if following situations, which may affect the right of creditor, occur, creditor has the right to make relevant adjustment and/or
stop fiduciary using credit line, and cancel unused credit line of fiduciary.

1. The market, which is related to fiduciary’s
operation, has significant adverse changes, or Country’s monetary policy has significant adjustment.

2. There are significant difficulties on operation
situation or important adverse changes on financial conditions to fiduciary.

3. Termination of business, liquidation, restructuring,
dissolution and bankruptcy of fiduciary by an active or passive means.

4. Fiduciary is involved in significant litigation,
arbitration or administrative punishment, or has significant default with other creditors.

 

5. Fiduciary indicates or expresses by its
actions that it does not perform its obligations under this contract or other contract signed by creditor and fiduciary.

6. Fiduciary provides false materials or conceals
any important fact of finance and operation.

7. Fiduciary does not perform the obligations
agreed in this contract or specific credit business contract.

8. Fiduciary violates other contracts signed
by creditor and fiduciary.

9. Fiduciary transfers its assets, pumps money,
evades debts and has other behaviors which damage or might damage the rights of creditor.

10. Fiduciary is involved in illegal operations.

11. Division, merger, important takeover,
consolidation and reorganization of fiduciary.

12. Fiduciary loses commercial integrity.

13. Controlling shareholder of fiduciary transfer
is changed, or significant items happen to controlling shareholder, actual controller, legal representative, senior executives
of fiduciary, including but not limited to be involved in illegal actions, litigation, arbitration, deterioration of financial
condition, bankruptcy, dissolution etc.

14. Guarantor of the credit business under
this contract default, such as providing false information, violating other contracts signed by creditor or other third parties,
involved in litigation, arbitration, stopping doing business, business failures, illegal actions, evading bank credit’s right,
merging, consolidation, reorganization, and other situation which may affect guaranty ability of Guarantor.

15. Other situations damage rights and interests
of creditor.

 

Clause 5 Rights and obligations of fiduciary

1. Having the right to apply for using the
credit line.

2. Opening settlement account in Bank of Jiangsu,
Shenzhen Sub-branch, and arrange settlement of both domestic and overseas accounts, foreign exchange settlement and sale and other
intermediate business in Bank of Jiangsu or its sub-branch more than the proportion of the credit line which gets from creditor
and all credit line of fiduciary.

3. Fiduciary should provide true documents
and information to creditor (including but not limited all bank accounts, balance of deposit and loans, situations of using loans,
condition of assets, operation, and inner management etc.

4. Providing last month’s financial
statement before the 20th of each month, and providing audited financial statement to creditor in 120 days after fiscal year, and
providing changes and modifications of itself to creditor.

 

     

     

    

 

5. Accepting and cooperating with creditor
in surveying, supervising and examining on the situation of using credit, related production, management, financial operation.

6. Complying with this contract and every
single business contract under this contract strictly.

7. When used credit exceed the credit line
agreed in this contract result from the change of exchange rate, fiduciary should repay the exceeding part or pay homologous security
deposit.

8. If following situation occurs, fiduciary
should notice in writing creditor in 5 days since related situation happens and implement security measure which is accepted by
creditor.

(1) Changes of membership function, executives,
articles of association and organization.

(2) Stopping producing, going out of business,
cancelling registration, being cancelled business license or being applied for bankruptcy.

(3) Changes of name, domicile, legal representative,
contact manner and so on.

(4) Financial standing depravation, significant
difficulty on operation, significant litigation or arbitration.

(5) Other things have significant affect on
rights and interests of creditor.

9. Fiduciary should ask creditor’s consent
and implement security measure, which is accepted by creditor, before taking following actions.

(1) Contract management, lease, stock system
reform, joint operation, consolidation, merger, discrete, joint venture, asset transference, reducing registered capital, applications
of suspensions, dissolution, bankruptcy and other actions which can affect rights and interests of creditor.

(2) Providing guarantee for other’s
debts, or pledging or mortgaging major asset of itself to third party, leading to affect the repayment ability under this contract.

10. When the guarantor, which is under this
contract or under single business contract of this contract, loses guarantee ability, or pledge, which is under this contract or
under single business contract of this contract, depreciates in value, fiduciary should take other guarantee measures, which are
accepted by creditor, in time.

11. Fiduciary is not allowed to sign the contract,
which can damage the rights and interests of creditor, with any other third party.

 

Clause 6 Rights and obligations of creditor

1. Accepting and reviewing fiduciary’s
application of using the credit.

2. The financial conditions, operation of
fiduciary should be kept secret by Party B, except the laws, administrative laws and regulations, normative documents requested.

3. Having the right to ask fiduciary to provide
related information of the credit, having the right to know the production, financial condition, operation, and repayment plan
of fiduciary, and having right to extract and copy from account books, operation record and related information.

4. Having the right to supervise fiduciary
uses the credit according to this contract and single credit business contract.

5. Having the right to collect principal,
interest, and other related expenses from Party A’s account on schedule or in advance.

6. If fiduciary fails to act or violate the
obligations under this contract and single credit business contract of this contract, creditor has the right to adjust the maximum
amount of comprehensive credit line, and stop using credit line, cancel unused credit line of fiduciary, regain used credit in
advance.

7. Having the right to query the credit inquiry
of fiduciary, the legal representative of fiduciary and executives of fiduciary, and has the right to provide the information of
fiduciary to the people’s Bank of China etc.

8. If fiduciary fails to act repayment obligations
under this contract and single credit business contract of this contract, defaults of fiduciary can be announced in public by creditor.

 

     

     

    

 

Clause 7 Expense

1. The expense of credit information, notarization,
testimony, register etc under the contract should be afforded by fiduciary.

2. The expense result from fiduciary does
not repay related debt, such as advertising fee, delivery fee, appraisal cost, counsel fee, legal fare, travel expense, valuation
fee, auction fee, property preservation fees, enforcement fee etc., should be afforded by fiduciary.

 

Clause 8 Modification, dissolution and
execution of civil right of the contract

1. Agreed by both parties, this contract can
be modified and dissolved in written.

2. Any tolerance, extension or delay from
creditor to fiduciary for exercising of rights under this contract does not affect the rights creditor enjoys according to this
contract and laws and regulations, and cannot be considered as approval to the default, and does not mean the abdication of the
right.

3. Any item of this contract become invalid
because of any reasons, fiduciary still should assume all responsibilities. If above situation happens, creditor has the right
to terminate this contract, and ask fiduciary to repay immediately.

4. If fiduciary violate the obligation regulated
in eighth item of clause 8 of this contract. It will be considered as the information has been delivered that related notices and
documents sent by creditor according to primary address result from fiduciary does not perform above obligations.

5. Any related notices and documents should
be sent in written by both parties.

 

Clause 9 Fiduciary agrees that the
credit’s rights under this contract can be enforced after notarization. When fiduciary does not carry out obligations under
the contract completely or partly, creditor can apply enforcement to competent court.

 

Clause 10 Applicable Law and Resolution
for dispute

The making, efficacy, explanation, performance
and resolution for dispute of the contract are applicable to the laws of People’s Republic of China. During the performance
of this contract or all disputes relating to this contract, the two parties settle through consultations. If negotiation cannot
reach agreement, both parties can apply to the People’s Court of Shenzhen.

  

Clause 11 Effective and invalid of the
contract

1. This contract enters into force upon the
date when it is signed or sealed and affixed with official seals by the legal representative or entrusted agents of fiduciary and
creditor.

2. This contract become invalid after fiduciary
accomplishes all repayment responsibility under this contract.

 

Clause 12 This contract is signed in
triplicate, creditor holds two copies, fiduciary holds one copy, three copies have the equal legal effect.

 The things which are not mentioned in
this contract should be explained and settled according to relevant laws, administrative laws and regulations, normative documents
and single credit business contract, and the related regulations of Bank of Jiangsu.

 

Clause 13 other

 

     

     

    

 

Clause 14 Prompt

Fiduciary has known the business scope and
grant privilege of Party B. Fiduciary has read all terms of the contract. Creditor has explained homologous terms requested by
fiduciary. Fiduciary has known the meaning of all terms of the contract and homologous legal consequence. Signing the contract
is the true will of fiduciary.

 Fiduciary (stamp)

Legal Representative or agent (signature): 

Creditor (stamp)

Legal Representative or agent (signature):Exhibit 10.42(a)

 

Maximum Amount Guaranty Contract

Contract No.: BZ162618000110

 

Guarantor: SHENZHEN HIGHPOWER TECHNOLOGY CO.,
LTD.

Address: Bldg. 1, No. 68, Xinsha Road, Pinghu
Street, Longgang District, Shenzhen 

Creditor: Bank of Jiangsu, Shenzhen Sub-branch.

Address: 19、20/F, Haiwangxingchen
Building, NO.2, Lanxiangyi Street, Zhongxin Road, Nanshan, Shenzhen.

 

In order to warranty the performance of debts
under item one of this contract, the guarantor provides the warranty to the creditor voluntarily, and the two parties entered into
this contract after equal negotiation.

 

Article 1: Master contract

 

The master contract hereunder is    A     .

 

A. The creditor and the debtor Icon
Energy System (Shenzhen) Company Limited entered into this contract of maximum amount comprehensive credit
line whose number is SX 162618000785, and has or will enter into the separate facility business contract, as
well as amendments and supplements.

 

B. The creditor and the debtor      ,
from     year   month   day    to    year month   day
, entered into the contracts of loans, bank acceptance drafts, trade financing, letter of guarantee, funds business, and other
agreement, as well as amendments and supplements.

 

Article 2: Primary credit and period

 

Except the period determined or agreed separately
in accordance with the laws, the actual credit under the master contract consists of the primary credit of the contract in the
below period:      A     .

 

A. From the effective date of “maximum
amount comprehensive credit line contract” in article one to the expiration date of facility period stipulated in this contract
and amendments or supplements.

 

B. From ___ year __ month ___ day __ to __
year __ month __ day under article one of this contract.

 

Article 3: Guarantee Coverage

 

The scope of guaranty of creditor hereunder
covers all debts occurred under this contract by the debtor, including but not limited to principals, interest expenses, compounded
interests, penalties, processing fees, default expenses, damage compensation, legal fees, escrow fees, taxation expenses, arbitration
fees, travel fees, assessment fees, auction fees, property preservation fees, compulsory execution fees and other expenses for
realization of the creditor’s right.

 

     

     

    

 

Article 4: Maximum amount of the guaranty

 

The maximum amount which the guarantee assumed
hereunder is at most no more than RMB ten million only. The maximum amount of guaranty hereon is loan principal balance
by total amount (means line of credit deducting the part of cash deposit) of use of loans and facility actually under the master
contract signed between creditor and debtor and in the period as mentioned in the contract deducting the part of repayment, excluding
the proceeds of payable except the principals stipulated in article 3, such as interest expenses and penalties, etc., but the guarantee
shall still assume the joint liquidated liability.

   

The guarantor agrees that the debtor can recycle
the loans under master contract, and agrees that the debtor can adjust the credit line of all kinds of loans within the line of
credit hereunder, and the guarantor shall assume the joint guarantee liability.

 

Article 5: The guarantor has read the
contract comprehensively and carefully and fully understands the master contract entered into between creditor and debtor, upon
the request of guarantor, the creditor has made the terms interpretation accordingly as for the master contract and the contract
hereunder, and the guarantor are fully aware of and understands the whole terms content of master contract and the contract hereunder,
and signed this contract with true willing. The guarantor is fully aware of the legal consequence for the conclusion and performance
of the master contract and the contract hereunder may give rise to, and fully confirms the obligations related to this contract.

 

Article 6: The guarantor shall assume
the responsibilities for all debts owed by the debtor to the creditor under the master contract, including the debts arising from
the prepayment requested by the creditor. After received the written notice sent by creditor, the guarantor shall perform the settlement
responsibilities according to the time, kinds of currency, amount, and method of settlement specified by the creditor, and commit
to the creditor that the creditor has the right to deduct all amount of guaranty from the guarantor’s account when the creditor
deems appropriate, if the deducted proceeds is foreign currency, the currency shall be calculated according to the bid price published
by the creditor at the deducted date.

 

Article 7: The guarantee obligation
of the guarantor (including the inheritor, assignee, and conservator of the guarantor) need continuity under this contract, shall
not affected by the change of the guarantor or the debtor (including but not limited to merger, split, recombination, conduct
title transaction or transactions of managerial authority by way of lease, contract, and so on). If the debtor’s subject
qualification ceases to exist before clear off the loans hereunder, or the debtor declares that its subject qualification cease
within six month from the date clear off all of loans leading to its foregoing repayment activity invalid, the guarantor’s
warranty obligations is still effective.

 

Article 8: The term of the guaranty
hereunder is from the date of effective to two years after expiration of the debts hereunder (including the maturity of extension
period).

 

Article 9: The guaranty obligations
under this contract shall not subject to be affected by any change for the terms and conditions of master contract agreed by both
creditor and debtor (including but not limited to amendments, supplements, and cancellations). If the creditor and debtor agree
to extension or delay the performance of the obligations hereunder, the contract hereunder shall continue to be valid.

 

     

     

    

 

In the event of the creditor transfers its
credit right to others in the period of guaranty according to the law, the guarantor continues to assume the guaranty responsibility
within the scope of the guaranty.

 

Article 10: The guarantor makes the
following commitment to the creditor unconditionally and irrevocably: if the debtor fails to or delays to fulfill the obligations
of master contract, or confirm the invalidity of the master contract in certain reason, or due to the guarantor fails to or delays
to perform any clause hereunder leading to a loss to the creditor, all of above shall be a debt payable for the guarantor to the
creditor.

 

Article 11: Whatever reasons leading
to the master contract invalid in law or part of terms invalid, the guarantor shall still assume the guaranty responsibility for
the debtor’s repayment liability in accordance with the terms listed hereunder. The guarantor pledge to monitor the debtor
to use the loans (facility), in the event of the debtor change the purpose of the loan, the guarantor shall still assume the guaranty
responsibilities.

 

Any tolerance, grace or postpone the exercise
of any right preferential by the creditor to the guarantor under this contract, shall not affect, damage, or restrict the creditor’s
all rights in accordance with the contract hereunder, laws and regulations, and normative documents, shall not deem as give up
the rights and benefit under this contract, and shall not affect any obligations assumed by the guarantor under this contract.

 

Article 12: If there is any collateral
security except this guarantee under this contract, the guarantor is willing to perform the joint guaranty responsibility prior
to collateral security on all guaranty debts.

   

Article 13: The guarantor is an entity
established in accordance with the laws, is qualified to identify the contract hereunder and perform joint guaranty responsibility.
In addition, signing this contract has obtained empowerment thereof, and the process of performing the contract has been completed.

 

Article 14: The guarantor to sign and
perform this contract is its real intension, is true and effective and legal, shall not affected by any relationship of any party
hereunder and others or other any events.

 

Article 15: The debts hereunder has
the equal position with guarantor’s other debts, shall be in the same compensation sequence.

 

Article 16: If the guarantor enters
into the counter guarantee contract with the debtor upon this contract, this counter guarantee contract shall not damage the creditor’s
any interests, and when the guarantor’s compensation arising from the counter guarantee contract and the creditor’s
claim are in the same sequence, the creditor shall be compensated prior to the guarantor.

The guarantor shall not request the debtor
to set up a counter guarantee by way of property pledge as to the obligations assumed by the debtor hereunder.

 

Article 17: The guarantor’s responsibility
shall decrease gradually with the decrease of the debts hereunder.

 

Article 18: The guarantor shall provide
the true, complete, valid financial statement and other relevant materials and information as required by the creditor.

 

     

     

    

 

Article 19: In the event of guarantor
change residence, mailing address, telephone number, the scope of business, and the legal representative, shall notice the creditor
in written within 10 days from the date of change events occurred.

 

Article 10: If notary organ grant enforceable
potency to this contract, guarantor agrees to be enforced and gives up the right of defense.

 

Article 21: The application of laws and
resolution of dispute

 

The signing, effectiveness, interpretation,
performance and settlement of disputes of this contract shall apply for the People's Republic of China's laws. If there are any
disputes based on this agreement, the contracting parties could attempt to resolve them through consultation. If negotiation fails,
shall resolve the disputes according to the following way of     B    :

 

B. Institute legal proceeding to the Court
of Shenzhen.

 

Article 22: This contract and any modifications
and supplement of it enter into force upon the date when it is signed or sealed and affixed with official seals by the legal representative
or entrusted agents of both parties.

 

Article 23: Other items appointed by both
parties.

 

The things which are not mentioned in this
contract should be explained and settled according to relevant laws, administrative laws and regulations, normative documents and
the related regulations of Bank of Jiangsu.

 

Article 24: This agreement is in triplicate,
Party A has one copy, Party B has two copies, three copies have the same legal effect.

   

	Guarantor (stamp): /s/ [COMPANY SEAL]	 
	Legal representative or agent:	 
	 	 
	Creditor (stamp): /s/ [COMPANY SEAL]	 
	Legal Representative or agent:

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