Document:

EXHIBIT
10.4

 

Exclusive
Purchase Option Agreement

 

by
and among

 

Shenzhen
CCPower Investment Consulting Co., Ltd.

 

Shenzhen
CCPower Corporation

 

and

 

The
Shareholder of Shenzhen CCPower Corporation

 

August
25, 2016

 

    	 

    	 		 

    

 

Exclusive
Purchase Option Agreement 

 

This
Exclusive Purchase Option Agreement (the “Agreement”) is entered into on August 25, 2016 by and among the following
parties.

 

	(1)	Shenzhen
    CCPower Investment Consulting Co., Ltd. (hereinafter called “Party A”), a wholly foreign owned enterprise registered
    in China with its registered address at 1705, Tower A, Haisong Building, Tairan 9 Road, Chegongmiao, Futian District,
    Shenzhen, PRC and its legal representative named Renyan GE ;
	 	 
	(2)
    	Shenzhen
    CCPower Corporation (hereinafter called “Party B”), an enterprise duly registered in China with its registered
    address at 1705, Tower A, Haisong Building, Tairan 9 Road, Chegongmiao, Futian District, Shenzhen. and its legal representative
    named Wei Zhixiong; and
	 	 
	(3)
    	Shareholder
    of Shenzhen CCPower Corporation (hereinafter called “Shareholder”), as follows:

 

	Name of the Shareholder	 	Shareholding
 Ratio (%)	 	 	Contribution	 	 	ID Card No.	 
	Wei Zhixiong	 	 	100	%	 	 	10,000,000	 	 	 	430524197303182439	 

 

Party
A, Party B, and Shareholder are hereinafter from time to time, collectively, referred to as the “Parties”,
and each of them is hereinafter from time to time referred to as a “Party”; The equity interests in Party B
held by Shareholder or any shareholder now existing or hereafter acquired is hereinafter from time to time referred to as the
“Equity Interests” or “Equity”.

 

WHEREAS:

 

	1.	Party
    A, a wholly foreign-owned enterprise incorporated under the laws of the People’s Republic of China (the “PRC”),
    which engages in project investment consultancy, enterprise management consultancy, economic information consultancy; computer
    software and hardware technical development; goods and technology import and export business (excluding distribution of imported
    goods);;
	 	 
	2.	Party
    B, a domestic limited liability company incorporated under PRC laws, engages in the business of operation of industrial business
    (detailed project to be declared); domestic commercial and material supply and marketing (excluding commodities subject to
    exclusive operation, control or sale); technical development of electronic products, computer network, software and hardware;
    information consultancy (excluding restrictive projects); import and export business (operation subject to import and export
    qualification license); 
	 	 
	3.	As
    of the date of this Agreement, Party B’s registered capital is RMB 10,000,000 and the structure of the shareholdings
    owned by Shareholder in Party B is set forth above; 
	 	 
	4.	To
    secure the performance of the obligations assumed by Party B and the Shareholder under this Agreement, the Shareholder agrees
    to pledge all equity in Party B to Party A, and has executed an Equity Pledge Agreement on the date of the execution date
    of this Agreement (“Individual Equity Pledge Agreement”).

 

    	1

    	 

    

 

NOW,
THEREFORE, the Parties through mutual negotiations hereby enter into this Agreement with respect of the exclusive purchase
option right:

 

	1.	The
    Grant and Exercise of Purchase Option
	 	 
	1.1	Shareholder
    hereby irrevocably grants to Party A an exclusive purchase right, exercisable at any time by Party A or any third party designated
    by Party A, to purchase all or part of such Shareholder’s Equity Interests in Party B, subject to the PRC laws and regulations.
    In the case that Shareholder increases or reduces its Equity Interests in Party B within the term of this Agreement, the exclusive
    purchase option as provided above shall be automatically expanded (in the case of an increase) or reduced (in the case of
    a reduction) to cover all or part of the Equity Interests owned by Shareholder in Party B after such increase or reduction
    is completed. The Shareholder hereby agrees that, without Party A’s prior written consent, apart from Party A or any
    third party designated by Party A, no other person or entity shall have the right to purchase such Equity Interests. Shareholder
    shall transfer his Equity Interests in Party B to Party A or Party A’s designee in accordance with his shareholding
    proportion of such Equity Interests at any time when Party A selects to purchase all or a portion of the Equity Interests.
    Party B hereby irrevocably consents to such grant by such Shareholder to Party A. 
	 	 
	1.2	Party
    B hereby irrevocably grants to Party A an exclusive purchase option, exercisable at any time by Party A or any third party
    designated by Party A, to acquire or all or substantially all of Party B’s assets, subject to the PRC laws and regulations.
    Party B hereby agrees that, without Party A’s prior written consent, apart from Party A or any third party designated
    by Party A, no other person or entity shall have the right to purchase such assets. The Shareholder hereby irrevocably consents
    to such grant by Party B to Party A. 
	 	 
	1.3	For
    the purpose of this Agreement, a “third party” or a “person” may be a natural person, company, partnership,
    enterprise, trust agency or other non-corporate entity.
	 	 
	1.4	To
    the extent permitted under the PRC laws and regulations, Party A shall determine at any time and at its own discretion to
    exercise such exclusive right to (i) purchase the Equity Interests as provided in Section 1.1 by a written notice to
    the applicable Shareholder(s) specifying the amount of equity to be purchased (hereinafter referred to as “Equity
    Transfer”) or (ii) purchase all or substantially all of Party B’s assets as provided in Section 1.2
    (hereinafter referred to as “Assets Transfer”) by a written notice to Party B (each referred to as “Exercise
    Notice”).
	 	 
	1.5	Within
    thirty (30) days of the receipt of the Exercise Notice, the Shareholder and Party B shall execute a share/asset transfer agreement
    and other documents with Party A pursuant to the principles set forth in this Agreement, in such form as Party A may reasonably
    request (collectively, the “Transfer Documents”), necessary to effect the respective transfer of equity
    or assets to Party A (or any eligible party designated by Party A), and shall unconditionally assist Party A to obtain all
    approvals, permits, registrations, filings and other procedures necessary to effect the Equity Transfer or Assets Transfer.
	 	 
	1.6	The
    Parties agree that, unless otherwise required under the PRC laws and regulations, the transaction price for the Equity Transfer
    or the Assets Transfer hereunder, as applicable, shall be one dollar. 
	 	 
	1.7	The
    consideration paid by Party A to the Shareholder, net of any tax paid by the Shareholder on such consideration, for the Equity
    Transfer (the “Consideration of Equity Transfer”) shall be the cancellation of all or a part of the Shareholder
    debt owing under the Loan Agreement, and such cancellation shall, in proportion to the proportion of the Shareholder’
    Equity Interests purchased, satisfy its repayment obligations under the Loan Agreement signed by and between Party A and the
    Shareholder on the date of the execution date of this Agreement (the “Loan Agreement”);
	 	 
	 	The
consideration paid by Party A to Party B, net of any tax paid by Party B on such consideration, for the Asset Transfer (the “Consideration
of Assets Transfer”) hereunder shall be allocated to the Shareholder to the largest extent as permitted by PRC laws
and regulations, through an allocation proposal by which the Consideration of Assets Transfer is transferred to the Shareholder.
The Shareholder shall then immediately fulfill his payment obligations under the Loan Agreement by using the allocated Consideration
of Assets Transfer. Party B shall give full cooperation to such allocation;

 

    	2

    	 

    

 

	 	And
                                         if the Consideration of Equity Transfer or Assets Transfer is more than the total principal
                                         under the Loan Agreement due to the requirement by the then applicable law or any other
                                         reasons, the excess shall be deemed as loan interest of the loan to the largest extent
                                         being permitted by PRC Laws, and be paid to Party A by the Shareholder together with
                                         loan principal. In the event there is a premium in excess of the permitted Interest as
                                         provided in the Loan Agreement between the Shareholder and Party A, the Shareholder shall
                                         unconditionally return such premium to Party A within three (3) days the Shareholder
                                         receives such payment.

        

 

	2.	Representations
    and Warranties
	 	 
	2.1	Each
    Party hereto represents and warrants to the other Parties that: (1) it has all the necessary rights, powers and authorizations
    to enter into this Agreement and perform its duties and obligations hereunder; (2) it has obtained the written consents with
    respect to the execution and implementation of this Agreement from each of the relevant third parties, if any; and (3) the
    execution or performance of this Agreement shall not violate or conflict with the terms of any other contracts or agreements
    to which it is a party.
	 	 
	2.2	Shareholder
    hereby represents and warrants to Party A that: (1) Shareholder is the legally registered shareholder of Party B and has paid
    full amount of registered capital in Party B as required to be contributed by such Shareholder under the PRC laws and regulations;
    (2) Except for the Equity Pledge Agreement executed among the Parties, neither Shareholder has created any other mortgage,
    pledge, secured interests or other form of debt liabilities over the Equity Interests held by such Shareholder; and (3) neither
    Shareholder has transferred to any third party (and entered into any agreement in respect of) such Equity Interests.
	 	 
	2.3	Party
    B hereto represents and warrants to Party A that: (1) it is a limited liability company duly registered and validly existing
    under the PRC laws and regulations; and (2) its business operations are in compliance with applicable laws and regulations
    of the PRC in all material respects and it has received all of the required permits and approvals which are necessary for
    maintaining its ordinary operations.

 

	3.	Obligations
    of Party B and Shareholder

 

The
Parties further agree as follows:

 

	3.1	Before
    Party A has acquired all the equity/assets of Party B by exercising the exclusive purchase option provided hereunder, Party
    B represents and warrants to Party A:

 

	 	(a)
    	without
    Party A’s prior written consent, Party B shall not supplement or amend the Articles of Association or rules of Party
    B or its subsidiaries which are owned or controlled by Party B (the “Subsidiaries”) in any manner, nor
    shall it increase or decrease the registered capital or change the shareholding structure of aforesaid entities in any manner;
    
	 	 	 
	 	(b)
    	Party
    B shall prudently and effectively maintain its business operations according to good financial and business standards so as
    to maintain or increase the value of its assets; 
	 	 	 
	 	(c)
    	Party
    B shall not transfer, mortgage or otherwise dispose of the lawful rights and interests to and in its and any Subsidiary’s
    assets or incomes, nor shall it encumber its own and any Subsidiary’s assets and income in any way that would affect
    Party A’s security interests unless as required for the business operation of Party B or upon prior written consent
    by Party A; 
	 	 	 
	 	(d)
    	Party
    B and any Subsidiary shall not incur or succeed to any debts or liabilities without Party A’s prior written consent;
    
	 	 	 
	 	(e)
    	without
    Party A’s prior written consent, Party B and any Subsidiary shall not enter into any material contract (exceeding RMB
    1,000,000 in value);

 

    	3

    	 

    

 

	 	(f)
    	without
    Party A’s prior written consent, Party B and any Subsidiary shall not provide any loans or guaranty (exceeding RMB 1,000,000
    in value) to or receive borrowings (exceeding RMB 1,000,000 in value) from, any third party; 
	 	 	 
	 	(g)
    	upon
    Party A’s request, Party B shall provide Party A with all information regarding Party B and any Subsidiary’s business
    operation and financial condition; 
	 	 	 
	 	(h)
    	Party
    B shall purchase insurance from insurance companies in such amounts and categories as customary in the region among companies
    doing similar business and having similar assets;
	 	 	 
	 	(i)
    	without
    Party A’s prior written consent, Party B and any Subsidiary shall not establish any new subsidiary, acquire or consolidate
    with any third party, or invest in any third party; 
	 	 	 
	 	(j)
    	Party
    B shall promptly notify Party A of any pending or threatened lawsuit, arbitration or administrative dispute which involves
    Party B’s and any Subsidiary’s assets, business or incomes, and take positive measures against aforesaid lawsuits,
    arbitrations or administrative dispute; 
	 	 	 
	 	(k)
    	without
    Party A’s prior written consent, Party B and any Subsidiary shall not distribute any dividends to the Shareholder in
    any manner, and, upon Party A’s request, shall promptly distribute all distributable dividends to the Shareholder of
    Party B;
	 	 	 
	 	(l)
    	without
    Party A’s prior written consent, Party B shall not commit any act or omission that would materially affect Party B’s
    assets, business or liabilities;
	 	 	 
	 	(m)
    	upon
    Party A’s request, Party B shall promptly and unconditionally transfer its assets to Party A or its designated third
    party as permitted by PRC laws and regulations; and
	 	 	 
	 	(n)
    	Party
    B shall strictly comply with the provisions of this Agreement, and efficiently perform its obligations hereunder, and shall
    be prohibited from committing any act or omission which may affect the validity or enforceability of this Agreement.

 

	3.2	Before
    Party A has acquired all the equity/assets of Party B by exercising the exclusive purchase option provided hereunder, Shareholder
    represents and warrants to Party A:

 

	 	(a)
    	apart
    from relevant provisions in the Equity Pledge Agreements, without Party A’s prior written consent, Shareholder shall
    not individually or collectively transfer, sell, pledge, mortgage or otherwise dispose of such Shareholder’s Equity
    Interests in Party B; nor shall any Shareholder place or allow encumbrances on such Shareholder’s Equity Interests that
    would affect Party A’s interest hereunder and thereunder;
	 	 	 
	 	(b)
    	without
    Party A’s prior written consent, Shareholder shall not engage in any business or operation which is in competition with
    Party B, any Subsidiaries and Party A, nor shall any Shareholder invest in or work for any company or entity which is in competition
    with Party B, any Subsidiaries and Party A;
	 	 	 
	 	(c)
    	without
    Party A’s prior written consent, Shareholder shall not supplement or amend the Articles of Association or Rules of Party
    B in any manner, nor to increase or decrease its registered capital or change the shareholding structure in any manner;
	 	 	 
	 	(d)
    	without
    Party A’s prior written consent, Shareholder shall not take action to cause a Shareholder’s meeting for the purpose
    of or to approve resolutions for the dissolution, liquidation and change of legal form of Party B, and any Subsidiaries;
	 	 	 
	 	(e)
    	Shareholder
    shall not take action to cause a Shareholder’s meeting for the purpose of or to approve resolutions for any profit distribution
    proposal, or accept such distributed dividend without Party A’s written consent; upon Party A’s request, the Shareholder
    shall promptly approve for the profit distribution proposal, and accept such distributed dividend;
	 	 	 
	 	(f)
    	upon
    Party A’s request, Shareholder shall provide Party A with all information regarding Party B’s business operation
    and financial condition;
	 	 	 
	 	(g)
    	Shareholder
    shall not incur or succeed to any debts or liabilities which may adversely affect its Equity Interests in Party B without
    Party A’s prior written consent, nor shall it enter into any Equity transfer agreement or intention letter with any
    third party;
	 	 	 
	 	(h)
    	Shareholder
    shall appoint, and appoint only, the candidates nominated by Party A to the board of directors and supervisor office of Party
    B, and shall not replace such candidates without Party A’s prior written consent; 
	 	 	 
	 	(i)
    	Shareholder
    shall guarantee that the shareholder’s meeting and directors in Party B’s board appointed by itself will not approve
    any establishment of new subsidiary, any acquisition of, any consolidation with, or any investment in any third party without
    Party A’s prior written consent; 

 

    	4

    	 

    

 

	 	(j)
    	Shareholder
    shall promptly notify Party A of any pending or threatened lawsuit, arbitration or administrative dispute which involve Party
    B’s assets, business or incomes, and take all positive measures against aforesaid lawsuits, arbitrations or administrative
    dispute; 
	 	 	 
	 	(k)
    	without
    Party A’s prior written consent, Shareholder shall not commit any conduct that would adversely affect Party B’s
    assets, business or liabilities;
	 	 	 
	 	(l)
    	to
    the extent permitted by the PRC laws and regulations, and at any time upon Party A’s request, Shareholder shall promptly
    and unconditionally transfer his Equity Interests in Party B to Party A or a third party designated by Party A, and waive
    his preemptive rights with respect to such transfer; 
	 	 	 
	 	(m)
    	Shareholder
    shall guarantee that the shareholder’s meeting and directors of Party B appointed by itself approve the necessary resolutions
    in respect of the Equity Transfer or Assets Transfer in this Agreement;
	 	 	 
	 	(n)
    	Shareholder
    shall make every effort to cause Party B to perform the obligations of Section 3.1 of this Agreement; and 
	 	 	 
	 	(o)
    	Shareholder
    shall strictly comply with the provisions of this Agreement, and efficiently perform its obligations hereunder, and shall
    be prohibited from committing any conduct which may affect the validity or enforceability of this Agreement.

 

	3.3	The
    Shareholder shall, to the extent permitted by applicable laws, guarantee Party B’s operational term (including the circumstance
    of change of business terms) to be extended to equal to the operational term of Party A approved by the relevant authorities
    (including the circumstance of change of business terms).

 

	4.	Guaranty
    of this Agreement 

 

To
secure the performance of the obligations assumed by the Shareholder and Party B hereunder, the Shareholder agrees to pledge all
his Equity (including any increased Equity owned by the Shareholder within the term of this Agreement) in Party B to Party A,
and the Parties agree to execute Equity Pledge Agreement with respect thereto.

 

	5.	Taxes
    and Fees 

 

The
Parties shall pay, in accordance with relevant PRC laws and regulations, their respective taxes arising from Equity or Assets
Transfer and related registration formalities and other charges during the transactions contemplated herein. Party A shall pay
the taxes and charges which shall be payable by Party B arising from Equity Transfer and related registration formalities, if
the consideration of Equity Transfer is lower than, or equal to the total principal under the Loan Agreement.

 

	6.	Assignment
    of Agreement
	 	 
	6.1	Party
    B and the Shareholder shall not transfer their rights and obligations under this Agreement to any third party without the
    prior written consent of Party A. 
	 	 
	6.2	Shareholder
    and Party B agree that Party A shall have the right to transfer any or all of its rights and obligations under this Agreement
    to any third party upon five (5)–days written notice to such Shareholder(s) and Party B, without approval by such Shareholder
    or Party B. 

 

	7.	Events
    of Default
	 	 
	7.1	Any
    violation of any provision hereof, incomplete performance of any obligation provided hereunder, any misrepresentation made
    hereunder, material concealment or omission of any material fact or failure to perform any covenants provided hereunder by
    any Party shall constitute an event of default. The defaulting Party shall assume all the legal liabilities pursuant to the
    applicable PRC laws and regulations.

 

    	5

    	 

    

 

	7.2	In
    the event of default by Party B or Shareholder, Party A shall be entitled to exercise the pledgee’s right under the
    Equity Pledge Agreement in the event that Party B and Shareholder commit an event of default and fail to redress such default
    within ten (10) days upon receipt of written notification from Party A.

 

	8.	Effectiveness,
    Modification and Cancellation
	 	 
	8.1	This
    Agreement shall be effective upon the execution hereof by all Parties hereto and shall be terminated after the completion
    of Party A’s acquisition of the Shareholder’s Equity or all of the assets of Party B by exercising its exclusive
    purchase option provided herein.
	 	 
	8.2	The
    modification of or amendment to this Agreement shall not be effective unless a written agreement is signed by the Parties.
	 	 
	8.3	This
    Agreement shall not be terminated or canceled unless a written agreement is signed by the Parties, provided Party A may, by
    giving a thirty (30) days prior notice to the other Parties hereto, terminate this Agreement.

 

	9.	Confidentiality
	 	 
	9.1	The
    negotiation, execution and articles of this Agreement and any information, documents, data and all other materials (herein
    “Confidential Information”) arising out of the implementation of this Agreement shall be kept in strict
    confidence by the Parties. Without the written approval by the other Parties, none of the Parties shall disclose any Confidential
    Information to any third party, but the following shall not be considered to be “Confidential Information”:

 

	 	(a)
    	The
    materials that are known by the general public (but not including the materials disclosed by each party receiving the materials
    in breach of this Agreement); or
	 	 	 
	 	(b)
    	The
    materials required to be disclosed subject to the applicable laws or the rules or provisions of any stock exchange.
	 	 	 
	 	The
    materials may be disclosed by each Party to its legal or financial consultant relating to the transaction of this Agreement,
    provided that this legal or financial consultant shall comply with the confidentiality provisions set forth in this Section.
    The disclosure of the Confidential Information by staff or employed institution of any Party shall be deemed as the disclosure
    of such Confidential Information by such Party, and such Party shall bear the liabilities for breaching the Agreement. 

 

	9.2	If
    this Agreement is terminated or becomes invalid or unenforceable, the validity and enforceability of Article 9 shall
    not be affected or impaired.

 

	10.	Force
    Majeure
	 	 
	10.1	An
    event of Force Majeure means an event that could not be foreseen, and could not be avoided and overcome, which includes among
    other things, but without limitation, acts of nature (such as earthquake, flood or fire), government acts, strikes or riots;
	 	 
	10.2	If
    an event of Force Majeure occurs, any of the Parties who is prevented from performing its obligations under this Agreement
    by an event of Force Majeure shall notify the other Parties without delay and within fifteen (15) days of the event provide
    detailed information about and notarized documents evidencing the event and take all reasonable means to minimize or remove
    the negative effects of Force Majeure on the other Parties, and shall not assume the liabilities for breaching this Agreement.
    While the Force Majeure is continuing, the Party alleging breach may suspect its performance. The Parties shall keep on performing
    this Agreement after the event of Force Majeure disappears.

 

    	6

    	 

    

 

	11.	Applicable
    Law and Disputes Resolution
	 	 
	11.1	The
    execution, validity, construing and performance of this Agreement and the disputes resolution under this Agreement shall be
    governed by the laws and regulations of the PRC. 
	 	 
	11.2	The
    Parties shall strive to settle any dispute arising from or in connection with this Agreement through friendly consultation.
    In case no settlement can be reached through consultation within thirty (30) days after such dispute is raised, each party
    can submit such matter to China International Economic and Trade Arbitration Commission for arbitration in accordance with
    its rules. The arbitration shall take place in Beijing and the proceedings shall be conducted in English. The arbitration
    award shall be final, conclusive and binding upon the Parties. 

 

	12.	Miscellaneous
	 	 
	12.1	Entire
    Agreement. The Parties acknowledge that this Agreement constitutes the entire agreement of the Parties with respect to
    the subject matters therein and supersedes and replaces all prior or contemporaneous oral or written agreements and understandings.
	 	 
	12.2	Successors.
    This Agreement shall bind and benefit any successors of each Party and the transferees permitted hereunder with the same rights
    and obligations as if such successors or transferees were the original parties hereof.
	 	 
	12.3	Notice.
    Any notice required to be given or delivered to the Parties hereunder shall be in writing and delivered to the address as
    indicated below or such other address or as such party may designate, in writing, from time to time. All notices shall be
    deemed to have been given or delivered upon by personal delivery, fax and registered mail. It shall be deemed to be delivered
    upon: (1) registered air mail: five (5) business days after deposit in the mail; (2) personal delivery or delivery by fax:
    two (2) business days after transmission. If the notice is delivered by fax, it should be confirmed by original through registered
    air mail or personal delivery.

 

Party
A

Contact
person: Renyan GE

Address:
1705, Tower A, Haisong Building, Tairan 9 Road, Chegongmiao, Futian District, Shenzhen, PRC;

Tel:
136-3266-8228

 

Party
B

Contact
person: Wei Zhixiong

Address:
1705, Tower A, Haisong Building, Tairan 9 Road,Chegongmiao, Futian District, Shenzhen;

Tel:
0755-8348-7878

Fax:
0755-8348-7881

 

Shareholder:
Wei Zhixiong

Address:
1705, Tower A, Haisong Building, Tairan 9 Road,Chegongmiao, Futian District, Shenzhen;

Tel:
0755-8348-7878

Fax:
0755-8348-7881

 

	12.4	Severability.
    If any provision of this Agreement shall be invalid, illegal or unenforceable, the validity, legality and enforceability of
    the remaining portions shall not in any way be affected or impaired thereby. In such event, the Parties shall use best efforts
    to negotiate, in good faith, a substitute, valid and enforceable provision or agreement which effects the parties original
    intention to the largest extent.
	 	 
	12.5	Copies.This
    Agreement is executed in three (3) copies with each of the person for signing this Agreement holding one copy, and each of
    the copy shall be equally valid and authentic.

 

[Signature
page follows]

 

    	7

    	 

    

 

IN
WITNESS THEREFORE, the parties hereof have caused this Agreement to be executed and delivered as of the date first written
above.

 

Party
A

 

	Shenzhen
    CCPower Investment Consulting Co., Ltd. 	 
	 	 	 
	Legal
    Representative: 	Renyan GE	 
	 	 	 
	Signature
    & Seal: 	/s/
Renyan Ge	 

 

Party
B 

 

	Shenzhen
    CCPower Corporation 	 
	 	 	 
	Legal
Representative:	Wei Zhixiong	 
	 	 	 
	Signature
    and seal: 	/s/
    Wei Zhixiong	 

 

	Shareholder
    of Shenzhen CCPower Corporation 	 
	 	 	 
	Wei
    Zhixiong: 	/s/
    Wei Zhixiong	 

 

    	8EXHIBIT
10.5

 

Loan
Agreement

 

By
and between

 

The
Shareholder of Shenzhen CCPower Corporation

(“Borrower”)

 

and

 

Shenzhen
CCPower Investment Consulting Co., Ltd.

(“Lender”)

 

August
25, 2016

 

    	 

    	 

    

 

Loan
Agreement

 

This
Loan Agreement (“this Agreement”) is executed by and among the following Parties on August 25, 2016.

 

		(1)	Shareholder
                                         of Shenzhen CCPower Corporation (hereinafter as “Borrower”), as follows:

 

	Name
    of the Shareholder	 	Shareholding
    Ratio (%)	 	 	Contribution	 	 	ID
    Card No.	 
	Wei
    Zhixiong	 	 	100	%	 	 	10,000,000	 	 	 	430524197303182439	 

 

and

 

		(2)	Shenzhen
                                         CCPower Investment Consulting Co., Ltd. (hereinafter called the “Lender”),
                                         a wholly foreign owned enterprise registered in China with its registered address at
                                         1705, Tower A, Haisong Building, Tairan 9 Road, Chegongmiao, Futian District,
                                         Shenzhen, PRC; . It’s legal representative is Renyan GE. 

 

(Borrower
and Lender are collectively called “the Parties” or “each Party” or “a Party”
respectively.) 

 

WHEREAS:

 

		(1)	Borrower
                                         holds 100% of the Equity Interests in Shenzhen CCPower Corporation (the “Company”);
	 	 	 

		(2)	Lender
                                         is a wholly foreign owned enterprises incorporated in Shenzhen in accordance with the
                                         laws of People’s Republic of China;
	 	 	 
	 	(3)	Borrower
                                         desires to borrow from Lender for the operations of the Company by pledging his equity
                                         in the Company to Lender as the guaranty hereof, and Lender agrees to provide such loan
                                         to Borrower.

 

NOW,
THEREFORE, The Parties made and entered into this Agreement with respect to the Loan hereunder through friendly negotiation
as follows:

 

		1.	Definitions

 

Except
provided otherwise, the terms under this Agreement shall mean:

 

		1.1	“Assets
                                         Transfer” refers to the assignment of the Company’s assets to Lender
                                         or its designated third party in accordance with the provisions of the exclusive purchase
                                         option agreement (the “Exclusive Purchase Option Agreement”) executed
                                         on the execution date of this Agreement;

 

	1.2		“Company”
                                         refers to Shenzhen CCPower Corporation, a domestic company which is incorporated and
                                         validly existing under the PRC Laws, its business license No. is 9144030074663507X7,
                                         and its registered address is 1705, Tower A, Haisong Building, Tairan 9 Road,Chegongmiao,
                                         Futian District, Shenzhen;

 

		1.3	“Equity”
                                         or “Equity Interests” refers to one hundred percent (100%) of the
                                         equity interests in the Company owned by Borrower;

 

    	1

    	 

    

 

		1.4	“Equity
                                         Transfer” refers to the assignment of Company’s Equity Interests held
                                         by Borrower to Lender or its designated third party in accordance with the provisions
                                         of the Exclusive Purchase Option Agreement;

 

		1.5	“Loan”
                                         refers to the Total Principal loaned to Borrower by Lender in accordance with Article
                                         2 hereunder;

 

		1.6	“PRC”
                                         refers to the People’s Republic of China, for the purpose of this Agreement, excluding
                                         the Hong Kong Special Administrative Region, Macao Special Administrative Region and
                                         Taiwan Province;

 

		1.7	“PRC
                                         Laws” refers to all PRC laws, administrative regulations and government rules
                                         in effect now or as they may be modified throughout the term of this Agreement;

 

		1.8	“RMB”
                                         refers to the legal currency within the PRC;

 

		1.9	“Shareholder”
                                         or “Borrower” refers to the owner of the Equity Interests in the Company.

 

		2.	The
                                         Total Loan Amount 

 

The
total principal of the Loan hereunder is 10,000,000 RMB (“Total Principal”).

 

		3.	Term
                                         of the Loan

 

Unless
otherwise provided, the term of Loan shall commence upon the obtaining of the Loan by Borrower and expire when the Loan is completely
repaid by Borrower in accordance with the provisions of Article 6 hereunder or expressly waived in writing by Lender.

 

		4.	Loan
                                         Usage

 

		4.1	The
                                         Total Principal of the Loan provided hereunder shall be used by Borrower for the operations
                                         of the Company, and Borrower shall in no event change the usage without the prior written
                                         consent by Lender. Borrower hereby covenants and agrees to contribute, within two (2)
                                         working days immediately following the funding of the Loan, the Total Principal of the
                                         Loan to the bank account of the Company.

 

		5.	Loan
                                         Interest 

 

		5.1	Except
                                         as provided in Section 5.2 hereunder, the Loan hereunder shall be interest-free.

 

		5.2	When
                                         the Equity Transfer or the Assets Transfer set forth in the Article 6 hereof takes
                                         place and if the deemed value of the consideration of Equity Transfer or consideration
                                         of Assets Transfer in accordance with Article 6 hereof is higher than the Total
                                         Principal due to the requirement by the then applicable law or any other reason, the
                                         excess shall be deemed to be interest on the Loan (the “Interest”)
                                         to the maximum extent being permitted by the PRC Laws, and shall be repaid to Lender
                                         by Borrower together with the Total Principal pursuant to the consideration of Equity
                                         Transfer or consideration of Assets Transfer, as the case may be, in accordance with
                                         Article 6 hereof. Borrower further agrees to handle the balance in excess of the
                                         permitted Interest according to Lender’s instruction. 

 

    	2

    	 

    

 

		6.	Repayment

 

		6.1	The
                                         Loan shall become due and payable upon request of Lender after the completion of the
                                         Equity transfer or the Assets transfer. Lender shall be entitled to demand the repayment
                                         at any time by the delivery of a written notice of demand for repayment sent by Lender
                                         to Borrower (“Repayment Notice”). The Repayment Notice shall indicate
                                         Lender’s election for the Loan to be repaid by way of the consideration of Equity
                                         Transfer or consideration of Assets Transfer in accordance with Section 6.3, or
                                         by other manner set forth in the Repayment Notice.

 

		6.2	Repayment
                                         Notice shall indicate the terms and conditions for repayment of the Loan (“Repayment
                                         Terms”).

 

		6.3	Except
                                         as provided otherwise by Repayment Notice, Borrower shall repay the Loan to Lender in
                                         accordance with the following provisions:

 

		6.3.1	In
                                         the event of an Equity Transfer under the Exclusive Purchase Option Agreement, the Loan
                                         shall be repaid in full by way of Borrower’ payment to Lender of the consideration
                                         of Equity Transfer paid by Lender to Borrower, net of any tax paid by the Shareholder
                                         on such consideration (the “Consideration of Equity Transfer”) (If
                                         the deemed value of the Consideration of Equity Transfer is higher than the Total Principal,
                                         the excess shall be deemed to be Interests of the Loan to the maximum extent being permitted
                                         by PRC Laws. Borrower further agrees to handle the balance in excess of the permitted
                                         Interest according to Lender’s instruction);

 

		6.3.2	In
                                         the event of an Assets Transfer, the Loan shall be repaid in full by way of Borrower’
                                         payment to Lender of his allocable portion, to the maximum extent as permitted by PRC
                                         Laws, of the consideration paid by Lender to the Company for the Assets Transfer, net
                                         of any tax paid by the Company or the Shareholder on such consideration (the “Consideration
                                         of Assets Transfer”) (If the deemed value of the Consideration of Assets Transfer
                                         is higher than the Total Principal, the excess shall be deemed to be Interest on the
                                         Loan to the maximum extent being permitted by PRC Laws. Borrower further agrees to handle
                                         the balance in excess of the permitted Interest according to Lender’s instruction);

 

		6.4	If
                                         the deemed value of the Consideration of Equity Transfer or Assets Transfer is lower
                                         than the Total Principal under this Agreement, Borrower shall be exempted from the shortfall
                                         repayment obligation.

 

    	3

    	 

    

 

		7.	Conditions
                                         for Granting of the Loan

 

		7.1	Lender
                                         shall grant the Loan immediately following the receipt of the written evidence which
                                         proves that the Parties have fulfilled all the following conditions hereof (or subject
                                         to any waiver by Lender of any conditions as follows):

 

		7.1.1	Lender
                                         has obtained all of the required licenses, permits, approvals and registrations to open
                                         its capital account and current bank accounts and has commenced its business; 

 

		7.1.2	Borrower
                                         has signed the Equity Pledge Agreement set forth in Article 9 hereof; and

 

		7.1.3	The
                                         warranties and undertakings made by Borrower in Article 8 hereof shall be true,
                                         correct and complete in all aspects when made, and shall be true, correct and complete
                                         in all aspects during the term of the Loan. 

 

		7.2	Borrower
                                         shall cause the Total Principal amount to be transferred directly to the Company’s
                                         bank account for the operations of the Company.

 

		8.	Borrower’s
                                         Warranties and Undertakings

 

		8.1	Borrower
                                         hereby represents and warrants to Lender that, as of the execution date of this Agreement:

 

		8.1.1	Borrower
                                         legally holds one hundred percent (100%) of the Equity Interests in the Company and there
                                         are no other options, warrants, rights, agreements or understandings by which any person
                                         has a right or claim to acquire from the Company or from Borrower any equity interest
                                         in the Company;

 

		8.1.2	Except
                                         as otherwise provided in the Equity Pledge Agreement and Exclusive Purchase Option Agreement,
                                         there is no pledge or other forms of encumbrances or claims on the Equity Interests;

 

		8.1.3	There
                                         are no material debts which adversely affect the Loan borrowed by Borrower from Lender;

 

		8.1.4	Borrower
                                         has obtained all the necessary written approvals and authorizations from every relevant
                                         third party, if any, with respect to Borrower’ execution and implementation of
                                         this Agreement; and

 

		8.1.5	Execution
                                         of this Agreement by Borrower shall not constitute any breach of the Article of Associations
                                         of the Company.

 

		8.2	Borrower
                                         undertakes, and will also cause the Company to undertake, the followings:

 

		8.2.1	Except
                                         as otherwise provided in the Equity Pledge Agreement and Exclusive Purchase Option Agreement
                                         and other agreements signed among Borrower, the Company and the Lender, without Lender’s
                                         prior written consent, Borrower and Company shall not transfer, sell, mortgage or otherwise
                                         dispose of or encumber any assets or incomes of the Company;

 

    	4

    	 

    

 

		8.2.2	Without
                                         Lender’s prior written consent, Borrower shall not engage in any business or operation
                                         which is in competition with the Company, the Company’s owned or controlled subsidiaries
                                         and Lender, nor shall Borrower invest in or work for any company or entity which is in
                                         competition with the Company, the Company’s owned or controlled subsidiaries, or
                                         Lender;

 

		8.2.3	Without
                                         Lender’s prior written consent, Borrower shall not take action to supplement or
                                         amend the Articles of Association of the Company, nor to increase or decrease the registered
                                         capital or change the shareholding structure of the Company in any manner;

 

		8.2.4	Without
                                         Lender’s prior written consent, Borrower or the Company shall not take action to,
                                         and shall prevent the Company from taking action to approve, cause or allow the dissolution,
                                         liquidation or change of legal form of the Company or any of its owned and controlled
                                         subsidiaries; 

 

		8.2.5	Without
                                         Lender’s prior written consent, the shareholder’s meeting of the Company
                                         shall not approve, cause or allow any profit distribution proposal, nor shall Borrower
                                         accept such distributed dividends; at Lender’s request, Borrower shall promptly
                                         convene the shareholder’s meeting of the Company for the purpose of allocating
                                         the Company’s distributable profits, approve for the profit distribution proposal,
                                         which has been approved by Lender in writing in advance, and accept such distributed
                                         dividends;

 

		8.2.6	At
                                         Lender’s request, Borrower shall provide Lender with all information regarding
                                         the Company’s business operation and financial condition;

 

		8.2.7	Without
                                         Lender’s prior written consent, Borrower shall not incur or succeed to any debts
                                         or liabilities which may adversely affect his Equity Interests;

 

		8.2.8	Borrower
                                         shall appoint, and appoint only, the candidates nominated by Lender to the board of directors
                                         and supervisor office of the Company, and shall not replace such candidates without Lender’s
                                         written consent;

 

		8.2.9	Except
                                         as Lender may otherwise consent in writing in advance, Borrower shall not cause the Company
                                         shareholder’ meeting and the board of directors to approve any establishment of
                                         new subsidiary, any acquisition by, any consolidation with, or any investment in any
                                         third party;

 

		8.2.10	Borrower
                                         shall promptly notify Lender of any pending or threatened lawsuit, arbitration or administrative
                                         disputes which involve the assets, business or incomes of the Company; and make every
                                         effort to take action to resolve such lawsuit, arbitration or administrative disputes
                                         for safeguarding the legal rights and interests of the Company;

 

		8.2.11	Without
                                         Lender’s prior written consent, Borrower shall not take action to approve, cause
                                         or allow any conduct that could materially affect the Company’s assets, business
                                         or liabilities; and

 

		8.2.12	Borrower
                                         shall strictly comply with the provisions of this Agreement, and effectively perform
                                         its obligations hereunder, and shall be prohibited from committing any conduct which
                                         may affect the validity or enforceability of this Agreement.

 

    	5

    	 

    

 

		9.	Guaranty
                                         of the Loan

 

To
secure the repayment of the Loan hereunder, Borrower agrees to pledge all his Equity Interests in the Company to Lender, and all
Parties agree to execute the Equity Pledge Agreement with respect thereto. 

 

		10.	Tax
                                         and Expense

 

		10.1	The
                                         Parties shall pay their respective taxes and expenses in relation to the execution and
                                         performance hereof in accordance with the PRC Laws. Borrower may charge his taxes and
                                         expenses in relation to the execution and performance hereof to the Company, upon Lender’s
                                         prior approval. 

 

		10.2	Lender
                                         shall pay the taxes and expenses in accordance with Section 6.4 hereof (if applicable).

 

		11.	Assignment
                                         of Agreement 

 

		11.1	Borrower
                                         shall not transfer any or all of his rights and obligations under this Agreement to any
                                         third party without the prior written consent of Lender.

 

		11.2	The
                                         Parties agree that Lender shall be allowed, at its own discretion, to transfer any or
                                         all of its rights and obligations under this Agreement to any third party upon the delivery
                                         of a five (5)–day written notice to Borrower.

 

		12.	Liabilities
                                         and Indemnities for Breach of this Agreement 

 

		12.1	If
                                         Borrower fails to use the Loan in compliance with the terms and conditions of this Agreement,
                                         Lender may require Borrower to promptly repay the unduly used part.

 

		12.2	If
                                         Borrower breaches any warranty or undertaking as provided in Article 8 or other
                                         provisions under this Agreement hereof, or the Company breaches any provisions provided
                                         in the Technology Service Agreement, Consigned Management and Service Agreement or Exclusive
                                         Purchase Option Agreement or other agreements signed among Borrower, the Company and
                                         Lender, and fail to redress such breach within fifteen (15) days upon receipt of the
                                         written notice from Lender, Lender shall be entitled to request Borrower to repay the
                                         granted Loan immediately. 

 

		12.3	If
                                         Borrower fails to repay the Loan in compliance with the terms and conditions of this
                                         Agreement, Borrower should pay a damage of 0.03% of the unpaid part of the repayable
                                         Loan on each day of delay to Lender. If the repayment is delayed for more than fifteen
                                         (15) days, Lender is entitled to foreclose its equity pledge rights in accordance with
                                         the Equity Pledge Agreement. 

 

	13.		Effectiveness,
                                         Modification and Cancellation

 

	13.1		This
                                         Agreement shall take effect on the date of execution hereof by the Parties.

 

		13.2	The
                                         modification of or amendment to this Agreement shall not be effective without written
                                         agreement of the Parties through the negotiation.

 

    	6

    	 

    

 

		13.3	This
                                         Agreement shall not be terminated or canceled without written agreement through negotiation,
                                         provided Lender may, by delivering a thirty (30)-day prior notice to Borrower hereto,
                                         terminate this Agreement.

 

		13.4	Unless
                                         Lender fails to grant the Loan as required hereunder after the satisfaction of all conditions
                                         as set forth in Section 7.1 hereunder by Borrower, Borrower shall not be entitled
                                         to unilaterally terminate this Agreement.

 

		14.	Confidentiality

 

		14.1	The
                                         negotiation, execution and articles of this Agreement and any information, documents,
                                         data and all other materials (herein “Confidential Information”) arising
                                         out of the implementation of this Agreement, shall be kept in strict confidential by
                                         the Parties. Without the written approval by the other Parties, neither of the Parties
                                         shall disclose to any third parties any Confidential Information, but the following shall
                                         not be considered to be “Confidential Information”:

 

		(1)	The
                                         materials that are known by the general public (but not including the materials disclosed
                                         by a party receiving the materials in breach of this Agreement); or
	 	 	 

		(2)	The
                                         materials required to be disclosed subject to the applicable laws or the rules or provisions
                                         of any stock exchange.

 

The
materials disclosed by each Party to its legal or financial consultants relating to the transactions under this Agreement, provided
the legal or financial consultants shall comply with the confidentiality set forth in this Section. The disclosure of the confidential
materials by staff or employed institution of any Party shall be deemed as the disclosure of such materials by such Party, and
such Party shall bear the liabilities for breaching the contract.

 

		14.2	This
                                         Article shall survive whatever this Agreement is invalid, amended, revoked, terminated
                                         or unable to implement by any reason. 

 

		15.	Force
                                         Majeure

 

		15.1	“Force
                                         Majeure” refers that any event that could not be foreseen, and could not be
                                         avoided and overcome, which includes among other things, but without limitation, acts
                                         of nature (such as earthquake, flood or fire), government acts, strikes or riots;. 

 

		15.2	If
                                         an event of Force Majeure occurs, any of the Parties who is prevented from performing
                                         its obligations under this Agreement by an event of Force Majeure shall notify the other
                                         Party without delay and within fifteen (15) days of the event provide detailed information
                                         about and notarized documents evidencing the event and take appropriate means to minimize
                                         or remove the negative effects of Force Majeure on the other Party, and shall not assume
                                         the liabilities for breaching this Agreement. While the Force Majeure is continuing,
                                         the Party alleging breach may suspend his performance. The Parties shall keep on performing
                                         this Agreement after the event of Force Majeure disappears.

 

    	7

    	 

    

 

	16.		Governing
                                         Law and Dispute Resolution

 

	16.1		The
                                         effectiveness, interpretation, implementation and dispute-resolution related to this
                                         Agreement shall be governed under PRC Laws.

 

		16.2	Any
                                         dispute arising out of this Agreement shall be resolved by Parties through mutual negotiation.
                                         If Parties could not reach an agreement within thirty (30) days since the dispute is
                                         brought forward, any Party may submit the dispute to China International Economic and
                                         Trade Arbitration Commission in Beijing for arbitration under its applicable rules, the
                                         language of arbitration proceedings shall be English. The arbitration award should be
                                         final and binding upon both parties.

 

		16.3	During
                                         the process of dispute-resolution, Parties shall continue to perform other terms under
                                         this Agreement, except for provision of dispute resolution.

 

		17.	Miscellaneous
                                         

 

		17.1	The
                                         Parties acknowledge that this Agreement constitutes the entire agreement of the Parties
                                         with respect to the subject matters therein and supersedes and replaces all prior or
                                         contemporaneous oral or written agreements and understandings. 

 

		17.2	This
                                         Agreement shall bind and benefit the successor of each Party and the transferee permitted
                                         hereunder with the same rights and obligations as if the original parties hereof.

 

		17.3	Any
                                         notice required to be given or delivered to the Parties hereunder shall be in writing
                                         and delivered to the address as indicated below or such other address or as such party
                                         may designate, in writing, from time to time. All notices shall be deemed to have been
                                         given or delivered upon by personal delivery, fax and registered mail. It shall be deemed
                                         to be delivered upon: (1) registered air mail: five (5) business days after deposit in
                                         the mail; (2) personal delivery or by fax: two (2) business days after transmission.
                                         If the notice is delivered by fax, it should be confirmed by original through registered
                                         air mail or personal delivery:

 

Borrower:
Wei Zhixiong

Address:
1705, Tower A, Haisong Building, Tairan 9 Road,Chegongmiao, Futian District, Shenzhen;

Tel:
0755-8348-7878

Fax:
0755-8348-7881

 

Lender:
Shenzhen CCPower Investment Consulting Co., Ltd.

Contact
person: Renyan GE

Address:
1705, Tower A, Haisong Building, Tairan 9 Road, Chegongmiao, Futian District, Shenzhen, PRC;

Tel:
136-3266-8228

 

    	8

    	 

    

 

		17.4	If
                                         any provision of this Agreement shall be invalid, illegal or unenforceable, the validity,
                                         legality and enforceability of the remaining portions shall not in any way be affected
                                         or impaired thereby. In such event, the Parties shall use best efforts to negotiate,
                                         in good faith, a substitute, valid and enforceable provision or agreement which effects
                                         the Parties original intention to the largest extent. 

 

		17.5	This
                                         Agreement shall be executed in English and Chinese language versions, each of which shall
                                         have equal validity. However, in the event of any inconsistency between the two, the
                                         English language version shall govern and control.

 

		17.6	This
                                         Agreement is executed in two (2) copies with each of the person signing this Agreement
                                         holding one copy. Each of copy shall be equally valid and authentic.

 

    	9

    	 

    

 

IN
WITNESS THEREFORE, the parties hereto have caused this Agreement to be executed and delivered as of the date first above written.

 

For
and on behalf of

 

Borrower:

 

Shareholder
of Shenzhen CCPower Corporation 

 

	Wei
    Zhixiong:	/s/
    Wei Zhixiong	 

 

Lender:

 

Shenzhen
CCPower Investment Consulting Co., Ltd. 

 

	Legal
    Representative:	Renyan
    GE	 
	 	 	 
	Signature
    & Seal: 	/s/
    Renyan Ge	 

 

    	10

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