Document:

Exhibit 10.5

 

Form
of Power of Attorney

 

The
undersigned, _______, a citizen of the People’s Republic of China (the “PRC”) with ID No. of __________, shareholder
of __ % of the equity interests (the “Shares”) of Rider Sportsfashion Limited (“the Company”), hereby
irrevocably authorizes any natural person duly appointed by Jakroo (Beijing) Sports Consulting Co., Ltd. (the “WFOE”)
to exercise the following rights during the term of this Power of Attorney:

 

Any
natural person appointed by the WFOE is hereby authorized, in lieu of the undersigned, to exercise on behalf of the undersigned
as her sole and exclusive agent the rights in respect of the Shares including without limitation:

 

(1) attend
shareholders’ meeting of the Company and sign resolutions thereof on behalf of the undersigned;

 

(2) exercise
all rights of the undersigned as a shareholder of the Company according to the laws and articles of association of the Company,
including without limitation the rights to vote and to sell, transfer, pledge or dispose of all or any portion of the Shares;
and

 

(3) designate
and appoint on behalf of the undersigned the legal representative, chairperson, director, supervisor, chief executive officer
and any other senior management of the Company.

 

In
the event of a conflict between the acts of WFOE as granted herein above and the acts of the undersigned, the acts of the WOFE
shall prevail. Subject to the powers and authorities provided under this Power of Attorney, the WFOE will have the right to sign
on behalf of the undersigned any transfer agreement contemplated under the Exclusive Call Option Agreement to which the undersigned
will be a party, and to perform the Equity Pledge Agreement and the Exclusive Call Option Agreement, each of which is dated as
of the date hereof and to which the undersigned is a party.  Exercise of such right will not have any restriction upon this
Power of Attorney.

 

Unless
otherwise provided under this Power of Attorney, the WFOE has the right to transfer, apply or otherwise dispose of any cash dividend,
bonus and any other non-cash gain arising from the Shareholding on reliance of any oral or written instruction from the undersigned.

 

Unless
otherwise provided under this Power of Attorney, the WFOE has the right to take any action regarding the Shareholding without
any oral or written instruction from the undersigned.

 

Any
and all the actions associated with the Shares made by the WFOE will be deemed as the action of the undersigned, and any and all
documents relating to the Shares executed by the WFOE shall be deemed to be executed and acknowledged by the undersigned.

 

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The
WFOE may delegate this power of attorney by assigning its rights relating to the conduct of the aforesaid matter and exercise
of the Shares to any other person or entity at its own discretion without prior notice to or consent from the undersigned.

 

This
Power of Attorney is irrevocable and effective as of the date hereof as long as the undersigned is a shareholder of the Company.
This Power of Attorney supersedes any other power of attorney previously signed by the undersigned.

 

During
the term of this Power of Attorney, the undersigned hereby waives all of the rights associated with the Shares which have been
authorized to the WFOE and will not exercise any such right.

 

 

 

 

Dated:
December 15, 2016

 

 

2
/ 2Exhibit 10.6

 

Form of Custom
Processing Framework Agreement

 

Agreement
Number:          

 

This
Custom Processing Framework Agreement (this “Agreement”) is entered into on 【 】 by and between the following
Parties:

 

Party
A:

 

Add.:

Tel:

Fax:

 

Party
B: Rider Sports Fashion Limited

 

Add.:
Room 507, Unit 3, No.69 Beichen West Road, Chaoyang District, Beijing

Tel:
+86-10-5877 2070

Fax:
+86-10-5877 3378

 

Whereas,

 

1.Party
B is focusing on designing and manufacturing cycling apparel and other related products.

 

2.
Party A entrust Party B to design and manufacture cycling apparel and other related products;

 

THEREFORE,
with regard to issues on custom processing cycling apparel and other related products, the Parties, through amicable negotiation,
agree as follows:

 

Article
1 Custom Processing 

 

1.
The category, pattern, fabric, size, quantity, unit price, total price of the product, which Party A entrust Party B to design
and manufacture, shall subject to the order that Party A provide through Party B’s online custom platform or the communication
records of both parties’ employees;

 

     

     

    

 

2.
The appearance of custom processing products shall consist with the renderings confirmed by the parties through online custom
platform. Both parties agree to regard the confirmed design records on online custom platform as the final proof.

 

Article
2 Delivery, Shipment and Payment

 

1.
Party B warrants that the delivery period of custom processing products shall be two(2) to three(3) weeks as of the date when
the parties confirm final renderings through online custom platform; Any party claiming for advanced or delayed delivery shall
negotiate with the other party and come to a written agreement in advance, and both parties shall perform accordingly; With regard
to the delayed deliveries which are not resulted from Party B’s subjective reasons, including without limitations those
attributed to customs or carriers, the losses caused hereby shall not be assumed by Party B.

 

2.
The forms of shipment shall be confirmed by both parties through online custom platform or email, and Party B shall assume the
shipping charges.

 

3.
Both parties agree that once the parties confirm the product renderings through online custom platform, Party A shall pay fifty
percent of the total payment (hereinafter referred to as “Advanced Payment”); After Party B’s production of
the products and before the delivery, Party A shall pay the remaining fifty percent of the total payment(hereinafter referred
to as “Remaining Payment”); Party B shall arrange delivery upon receipt of the Remaining Payment.

 

Article
3 Intellectual Property Right

 

1.
Party A hereby authorizes Party B to use the LOGO, pictures and any other Intellectual Property Rights provided by Party A on
custom processing products; Party A further warrants that, such LOGO, pictures and any other Intellectual Property Rights are
owned by itself or it has the right to use or it is legally authorized or licensed by other related person and entitled to
authorize or license to other parties.

 

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2.
Any infringement complaints, arbitration, and litigation etc from any third party, caused by the fact that Party B uses the LOGO,
pictures and any other Intellectual Property Right provided by Party A on the custom processing product, shall be assumed by Party
A, and Party A shall also compensate Party B’s losses caused thereby.

 

3.
The Intellectual Property Right of the custom processing products belongs to Party B, except the LOGO, pictures and other Intellectual
Property Rights provided by Party A.

 

Article
4 Product Quality and Customer Service

 

1.
Party B hereby warrants that the quality of its products meets the national standard;

 

2.
Within one month as of the date of Party A’s receipt of the products, in the event of the unqualified products by Party
B, and in cases that the Parties confirm that the quality problems are caused by production and processing defects, Party B shall
reproduce and replace the products free of charge, and the shipping cost caused thereby shall be assumed by Party B.

 

Article
5 Both Parties’ Rights and Obligations

 

1.
Party A is entitled to supervise Party B’s manufacture work under this agreement, however, it shall not interfere with the
normal work of Party B.

 

2.
Party A shall help Party B with its manufacture work as set forth in this agreement. If Party B isn’t able to complete custom
processing work within the period as agreed in this agreement resulting from Party A’s failure to perform its assisting
obligations, Party B is entitled to extend the delivery period specified in this agreement.

 

3.
Party A shall pay to Party B as agreed in this agreement.

 

4.
Party B shall, consisting with the deadline and quality specified in this agreement, provide Party A with the custom processing
products as agreed upon this agreement.

 

5.
Without the written consent from Party A, Party B shall not use all of Party A’s LOGO, pictures and other Intellectual Property
Rights which are authorized by Party A under this agreement, on the custom processing products of any third party.

 

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Article
6 Effectiveness and Termination

 

1.
This Agreement takes effect as of the date when it is signed by the Parties. The term of this Agreement is one (1) year unless
otherwise agreed by both parties or early termination occurs in accordance with Article 6.2 under this Agreement. This Agreement
shall be extended upon both parties’ written confirmation prior to the expiration of this Agreement and the extended term
shall be determined by both parties.

 

2.
Unless provided otherwise herein, any party is entitled to exercise immediate early termination of this Agreement by sending a
written notice should any of the following events were to occur:

 

a)
one party breaches this Agreement, and within thirty (30) days after the other party sends out the written notice, fails to rectify
its breach, take sufficient, effective and timely measures to eliminate the effects of breach, and compensate the other party
for any losses incurred by the breach.

 

b)
one party is bankrupt or is subject to any liquidation procedure and such procedure is not revoked within seven (7) days; and

 

c)
due to any event of Force Majeure, one party ’s failure to perform this Agreement lasts for over twenty (20) days.

 

Article
7 Force Majeure

 

1.“Force
Majeure” shall mean events beyond the reasonable control of the Parties that are unforeseeable or foreseeable but unavoidable,
which cause obstruction in, impact on or delay in either Party’s performance of part or all of its obligations in accordance
with this Agreement, including without limitation, government acts, natural disasters, wars, hacker attacks or any other similar
events.

 

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2.
The Party affected by Force Majeure may suspend the performance of relevant obligations hereunder that cannot be performed due
to Force Majeure until the effects of Force Majeure are eliminated, without having to assume any liability for breach of contract,
provided however that, such Party shall endeavor to overcome such events and reduce the negative effects to the best of its abilities.

 

3.
The Party affected by Force Majeure shall provide the other Party with valid certificate documents verifying the occurrence of
Force Majeure events, which documents shall be issued by the notary office where the events occur (or other appropriate agencies).
In case the Party affected by Force Majeure cannot provide such certificate documents, the other Party may request such certificate
documents in order to assume the liability for breach of contract in accordance with this Agreement.

 

Article
8 Confidentiality

 

1.
Either Party shall keep confidential any confidential material and information of the other Party known or accessed due to the
execution or performance of this Agreement (the “Confidential Information”). Without the other Party’s written
consent, neither Party shall disclose, give or transfer such Confidential Information to any third parties.

 

2.
If requested by either Party, the other Party shall return, destroy, or otherwise dispose of all of the documents, materials,
or software that contain any Confidential Information as requested, and stop using the Confidential Information.

 

3.
The Parties’ obligations under this Article shall survive the termination of this Agreement. Either Party shall still comply
with the confidentiality terms of this Agreement and fulfill the confidentiality obligations as promised, unless the other Party
gives consent to the release of such obligations or as a matter of fact, violation of the confidentiality terms herein will not
cause damage of any form to the other Party.

 

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Article
9 Liability for Breach of Contract

 

1.
Either Party’s direct or indirect violation of any provisions herein or failure in assuming or untimely or insufficient
assumption of any of its obligations hereunder shall constitute a breach of contract. The non-default Party (the “Non-default
Party”) is entitled to send to the default Party (the “Default Party”) a written notice, requesting the Breaching
Party to rectify its breach, take sufficient, effective and timely measures to eliminate the effects of breach, and compensate
the Non-Breaching Party for any losses incurred by the breach.

 

2.
After the occurrence of breach, and in the event that such a breach has made it impossible or unfair for the Non-Breaching Party
to perform its corresponding obligations hereunder based on the Non-Breaching Party’s reasonable and objective judgments,
the Non-Breaching Party is entitled to send to the Breaching Party a written notice of its temporary suspension of performance
of corresponding obligations hereunder, until the Breaching Party stops the breach, takes sufficient, effective and timely measures
to eliminate the effects of breach, and compensate the Non-Breaching Party for any losses incurred by the breach.

 

3.
The losses of the Non-Breaching Party that shall be compensated by the Breaching Party include direct economic losses and any
foreseeable indirect losses and extra expenses incurred by the breach, including without limitation, the attorneys’ fee,
litigation and arbitration fee, financial expense and travel charge.

 

4.
Once Party B has started production in accordance with the custom renderings as confirmed by both parties, in the event that Party
A changes its requirements on products’ appearance or other aspects, the “Advanced Payment” that Party A have
paid to Party B shall be taken as liquidated damages to Party B as a result of Party A’s breach of contract. If such amount
is insufficient to cover Party B’s losses, Party A shall compensate other losses of Party B as well. Under this condition
, if Party B need to redesign and reprocessing according to Party A’s updated requirements based on mutual agreement by
both parties, Party A shall pay for the redesign and reprocessing separately, the amount of payment shall be decided upon mutual
agreement by both parties.

 

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Article
10 Dispute Resolution and Governing Law

 

1.
With regard to disputes arising out of the interpretation and performance of the terms hereunder, the Parties shall resolve the
disputes through consultations in good faith.

 

2.
In case no resolution can be made, the dispute shall be submitted to for Beijing Arbitration Commission in accordance with its
arbitration rules then effective. The arbitration shall be conducted in Chinese. The arbitration judgment shall be final and binding
upon the Parties.

 

3.
The termination, effectiveness, implementation and interpretation of this Agreement and resolution of disputes shall all be governed
by laws of the PRC.

 

Article
11 Delivery of Notice

 

Notices
relevant to this Agreement sent by one Party to the other shall be made in written form and delivered in person, or by fax, telegram,
telex or email, or by registered mail (postage paid) or express mail. As to those delivered in person or by fax, telegram, telex
or email, the delivery date shall be the date when it is sent; as to those delivered by registered mail (postage paid) or express
mail, the delivery date shall be the third day after it is sent.

 

Article
12 Miscellaneous

 

1.
This Agreement is written in Chinese with a English translation. In the event of any discrepancy between the two versions, the
Chinese version shall prevail. This Agreement is made with two(2) original copies, with one (1) original to be retained by each
Party hereto.

 

2.
The Parties may amend and supplement this Agreement in the way of a written agreement. Amendment agreements and supplement agreements
executed by the Parties are both part of this Agreement, having the same legal effect as this Agreement.

 

3.
Matters not covered in this Agreement shall be determined by the Parties separately through consultations.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

[No
text below]

 

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[Signature
Page of Custom Processing Framework Agreement]

 

IN
WITNESS HEREOF, the Parties have caused this Custom Processing Framework Agreement to be executed on the date and at the place
first above written.

 

Party
A: 

 

Authorized
Representative (Signature):

 

Party
B: Rider Sports Fashion Limited (Seal)

 

Authorized
Representative (Signature):

 

 

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