Document:

Exhibit 10.17

 

Plant
Lease Contract

 

Landlord:
Shenzhen Yijiayang Industrial Co., Ltd.

Add.:
Sanlian Community Committee, Longhua Sub-district, Bao’an District, Shenzhen

Postal
code: 518109

 

Tenant
(Party B): Shenzhen Sanjun Battery Co., Ltd.

Add:
Yijiayang Industrial Zone, Huawang Road, Dalang Sub-district, Bao’an District, Shenzhen

Postal
code: 518109

 

In
accordance with Contract Law of the People’s Republic of China, Urban Estate Management Law of the People’s Republic
of China, House Lease Regulation of Shenzhen Special Economic Zone and its implementation rules, this Contract is concluded by
Party A and Party B through negotiation and reaching consensus.

 

Article
1 Party A leases one plant and one dormitory located in Yijiayang Industrial Zone, Huawang Road, Dalang Sub-district, Bao’an
District, Shenzhen to Party B. The annual rents for Years 2012, 2013 and 2014 are 1,330,000 Yuan, 1,900,800 Yuan and 2,090,880
Yuan respectively. Party A will issue the invoice of 1.3 million Yuan each year, and the taxes for the remaining shall be borne
by Party B.

 

Article
2 The aforesaid annual rents shall be paid off by Party B before Jan. 5 each year; otherwise, Party A is entitled to stop supplying
water or electricity, and Party B shall be solely responsible for its losses; in addition, Party A may charge the late fee amounting
to 0.5% of total rents each day since the rent is delayed; if the rent is postponed for more than two months, Party A is entitled
to terminate the contract and bring a lawsuit to Bao’an District Court, and all losses and legal costs arising therefrom
shall be borne by Party B.

 

Article
3 The lease period of the plant is from Jan. 1, 2012 to
Dec. 31, 2014. The rent is calculated since Jan.
1, 2012. The aforesaid stipulated period shall not exceed the approved
use period of the land; otherwise, the excessive period is invalid. Any losses arising therefrom shall be subject to agreement
reached by both parties; if there is no such agreement, the losses shall be borne by Party A.

 

Article
4 The leased plant shall be used for battery production and raw materials of batteries. Party B shall unconditionally assist Party A
in declaring fire control and applying for title deed. Where Party B intends to use the plant for other purposes, it shall obtain
written permission from Party A, apply to competent authority of estate for changing use purpose of estate in accordance with
provisions of relevant laws and statutes, and change according to approved purpose.

 

    	 

    	 

    

 

Article
5 Party A shall deliver the plant to Party B before Jan. 1, 2012,
and complete relevant formalities.

 

Article
6 When delivering the plant, both parties shall confirm the status of the plant and its auxiliary facilities or properties, which
shall be listed in attached page hereto.

 

Article
7 After signing this Contract, Party B shall pay to Party A the deposit of 300,000
Yuan (THREE HUNDRED THOUSAND YUAN). The deposit will be
returned to Party B when following conditions are met:

1)  Water
and electricity fees and rents are paid off when the contract term expires;

2)  The
plant is returned without damage;

3)  Party
B has paid penalty or compensation payable.

Under
one of following circumstances, Party A may not return the deposit:

1)  Party
B fails to pay off water and electricity fees, rents, penalty or compensation;

2)  Party
B fails to return the plant timely.

 

Article
8 Party B shall timely pay water and electricity fees, house management fee, taxes of handling house lease contract and other
expenses related to use of the plant.

 

Article
9 Party A shall ensure the delivered plant and its auxiliary facilities can realize lease purpose, and they comply with relevant
laws, statutes and regulations in terms of safety.

Where
Party B suffers losses due to natural disasters or accidents, Party A is not responsible for compensation.

 

Article
10 Party B shall use the plant and its auxiliary facilities in a reasonable way, and shall not use the plant for illegal purposes.
Party A shall not intervene in or disturb Party B’s normal use of the leased plant.

 

Article
11 The 3-ton elevator installed in the plant will be offered
to Party B for use. Party B shall use the elevator carefully and shoulder the maintenance and repair expenses. When the contract
term expires, Party B shall ensure that the elevator is under normal conditions.

 

Article
12 Where the plant and its auxiliary facilities are damaged, have faults or safety issues due to improper or unreasonable use
of Party B, Party B shall timely notify Party A and repair or compensate. Where Party B refuses to repair or compensate, Party
A will repair on behalf of it and relevant repair expenses shall be borne by Party B.

 

Article
13 During the effective term hereof, where any party rebuilds, extends or decorates the plant, both parties shall conclude a supplemental
agreement after obtaining approval for competent authority, if required.

 

    	 

    	 

    

 

Article
14 Party B shall not sublease the plant to others. However, during the lease period, after being approved by Party A in writing,
Party B can apply to competent authority on house lease for registration, but the sublease period shall not exceed the lease period
stipulated by this Contract. Where the subleased part has the circumstance of salary payment delay, Party B shall be held liable,
and Party A is entitled to deal with the properties within the subleased part.

 

Article
15 Where Party A intends to transfer the ownership of the plant during the effective term hereof, it shall notify Party B one
month in advance. Party B undertakes to waive the preemption right when Party A transfers the ownership of the plant or dormitory.

When
signing the transfer contract, Party A shall remind the transferee of continuing to performing this Contract.

 

Article
16 This Contract may be rescinded or modified under one of following circumstances during the effective term:

		1)	The
                                         occurrence of force majeure makes it impossible to perform this Contract;

		2)	The
                                         government expropriates, purchases, takes back or dismantles the leased estate;

		3)	Party
                                         A and Party B reach consensus.

 

Article
17 Under one of following circumstances, Party A may require Party B to compensate losses and pay penalty, or refuse to return
the lease deposit.

		1)	Party
                                         B delays in paying the rent for more than 30 days (one month);

		2)	Party
                                         B’s delay may cause Party A to suffer losses of more than 200,000
                                         Yuan;

		3)	Party
                                         B uses the plant for illegal purposes, damaging public or others’ benefits;

		4)	Party
                                         B changes the plant structure or purpose without approval;

		5)	Party
                                         B refuses to repair or pay repair expenses in accordance with Article 14 hereof, severely
                                         damaging the plant or equipment;

		6)	Party
                                         B decorates the plant without approval from Party A or competent authority;

		7)	Party
                                         B subleases the plant to the third person without permission;

		8)	Party
                                         B postpones paying salaries to workers for more than two months.

Besides
claiming compensation or breach against Party B, Party A may rescind the contract or notify Party B of modifying articles of contract.

In
case of breach Section 1) or 2) of this article, besides requiring Party B to compensate, Party A may stop supplying water or
electricity to Party B.

 

Article
18 After this Contract is terminated, Party B shall vacate and return the plant within ten days, resume original status of the
plant and its auxiliary facilities (except for normal wear), settle all expense and handle the delivery formalities.

Where
Party B fails to vacate or return the plant in time, Party A is entitled to recover the plant and charge double rents for the
postponed period from Party B.

 

    	 

    	 

    

 

Article
19 Party B may apply to Party A for renewing the lease term two months before its expiry, and has the priority of leasing the
plant under same conditions.

Where Party A agrees with the renewal, both parties shall conclude a new contract and register it
in the registry.

 

Article
20 Any party who breaches any article hereof shall bear liabilities for breach in accordance with relevant provisions.

 

Article
21 Any unstated issues herein can be included in attached page hereto; as an integral part hereof, the attached page has same
legal force with this Contract after both parties affixing seals.

The
modification agreement reached by both parties during the effective term shall have same legal force with this Contract.

 

Article
22 Any disputes arising from this Contract shall be settled by both parties through negotiation; failing that, both parties can
apply to registry for intermediation; if intermediation is impossible, a lawsuit can be brought to the court.

 

Article
23 This Contract comes into force when it is signed. Party A and Party B shall register or file the contract in the competent
authority within ten days after signing the Contract; the registered or filed contract is only for handling business, and both
parties shall faithfully implement this Contract.

 

Article
24 The Chinese version of this Contract is original.

 

Article
25 This Contract is made in four copies, with each party keeping two.

 

 

	Party A (seal): Shenzhen Yijiayang Industrial Co., Ltd.	 
	Principal:   	 
	Tel:                                          
        Bank     account:	
	 	 
	Party
    B (seal): Shenzhen Sanjun Battery Co., Ltd.
	Legal
    rep.:               Bank account:
	 	 
	Date of signing:
    Aug. 5, 2011Exhibit 10.18

 

LEASE
CONTRACT

 

Party
A (Landlord): Shenzhen Yutang Trade Co., Ltd.

Legal
rep.:

 

Party
B (Tenant): Shenzhen Sanjun Battery Co., Ltd.

Legal
rep.:

 

WHEREAS
Party A agrees to lease to Party B the estates and facilities located in Zhongcheng Industrial Zone, Shanglingpai, Dalang, Bao’an,
Shenzhen, including Plants A3 & A5 (four floors each), Dormitory C1 (six floors), one office building (three floors) and fitness
center, both parties conclude this Contract through friendly negotiation after reaching consensus.

 

		1.	The
                                         lease period is five
                                         years, from April 1, 2010
                                         to March 31, 2015.
                                         When it expires, Party B has the priority of lease under same price conditions.

 

		2.	The
                                         total areas of plants, dormitory and office building are 13,698
                                         square meters. For the first two years, the monthly rental of plants, dormitory and office
                                         is 11 Yuan per square meter, totaling 3,616,272
                                         Yuan (excluding taxes and sanitation fee); for the third and fourth years, the monthly
                                         rental is 12 Yuan per square meter, totaling 3,945,024
                                         Yuan; for the fifth year, the monthly rental is 13 Yuan per square meter, totaling
                                         2,136,888 Yuan.
                                         Each time when receiving expenses such as rentals, Party A will issue receipt; if Party
                                         B requires invoice, Party B shall pay taxes.

 

		3.	After
                                         signing contract and receiving deposit and rental from Party B, Party A will deliver
                                         the plants, dormitory and office to Party B for decoration. Party A offers the decoration
                                         period of 45 days free of charge, that is, from April 1, 2010
                                         to May 15,2010, and
                                         rentals will be calculated since May 16, 2010.
                                         The monthly rental shall be paid to Party A before the fifth day in current month. Where
                                         the number of days of rental payment delay reaches 30, Party A is entitled to terminate
                                         the lease contract, recover leaseholds and charge the late fee amounting to 3% of total
                                         amount per month.

 

		4.	At
                                         the current day of signing contract, Party B shall pay two months’ rentals to Party
                                         A as the deposit, totaling 301,356
                                         Yuan, and pay one month’s rental 75,339
                                         Yuan as the rental for May 2010.
                                         When the lease period expires, the deposit shall be returned to Party B without interests
                                         if both parties confirm that the leasehold and facilities are under normal circumstances,
                                         and decoration materials are removed. At the end of lease period, Party B shall not offset
                                         the rental with deposit.

 

    	 

    	 

    

 

		5.	During
                                         the effective term of contract, Party B shall not sublease the leasehold to others except
                                         for cooperators of Party B. Party A will not bear any legal or economic responsibilities,
                                         and Party B shall still pay rentals in time.

 

		6.	Party
                                         A offers two 315KVA transformers and distribution room to Party B; during the contract
                                         term, the transformer will be held by Party B in its own name; when the term expires,
                                         the transformer name will be assigned to Party A. All electricity fees shall be paid
                                         by Party B.

 

		7.	Party
                                         A will offer water supply to Party B, or transfer the water supply account to Party B;
                                         Party B shall pay water fees (in case of meter difference, to be borne respectively).

 

		8.	Party
                                         A offers two elevators (2T) to Party B (Plants A3 & A5 each has one); Party B is
                                         responsible for maintenance and annual inspection.

 

		9.	Garbage
                                         transportation fee is charged according to 0.35 Yuan per square meter per month, that
                                         is, 4,794.3 Yuan.

 

		10.	Party
                                         B shall abide by national laws and regulations.

 

		11.	Party
                                         A shall not intervene in any business activities or management of Party B during the
                                         effective term of contract.

 

		12.	Party
                                         B shall not delay the payment of salary for more than one month or postpone the payment
                                         of house management fee and water & electricity fee; otherwise, Party A may adopt
                                         relevant measures. During the lease period, all creditor’s rights and liabilities
                                         incurred by Party B are irrelevant to Party A; where Party A suffers losses due to Party
                                         B, Party B shall compensate double losses to Party A.

 

		13.	During
                                         the effective term of the contract, Party B may decorate the leased house, but shall
                                         not change the main structure of Party A’s building, and the decoration scheme
                                         shall be approved by Party A, without affecting fire control; otherwise, Party B shall
                                         be responsible for another inspection of fire control. Where Party B intends to rebuild
                                         the plants and dormitory, it shall obtain permission from Party A; when the lease period
                                         expires, Party B shall resume the plants and bear all relevant expenses. Party B shall
                                         maintain the house and its facilities under good conditions; where the house and its
                                         facilities are damaged or have faults due to improper or unreasonable use of Party B,
                                         Party B shall be responsible for repair or compensation.

 

		14.	During
                                         the lease period, Party B shall not occupy public place or greening place, or produce
                                         or emit pollutants; otherwise, Party B shall be held liable.

 

    	 

    	 

    

 

		15.	During
                                         the contract term, any party intending to terminate the contract shall notify the other
                                         party three months in advance in writing, and compensate all losses suffered by other
                                         party. When Party B terminates the lease, both parties shall inspect relevant properties
                                         and certificates, such as house equipment and facilities.

 

		16.	To
                                         strengthen the management of industrial zone, Party A will purchase the wastes produced
                                         by Party B at a preferential price and deal with public relation; Party B shall not sell
                                         the wastes to others.

 

		17.	This
                                         industrial zone is located in water source protection zone. Party B shall apply for relevant
                                         certificates by itself, and Party A shall not intervene.

 

		18.	In
                                         case of force majeure or government expropriation, purchase and dismantling, both parties
                                         can terminate this Contract through negotiation.

 

		19.	This
                                         Contract is made in four copies, with each party keeping two, and becomes effective after
                                         being signed and sealed by both parties. Any unstated issues herein can be settled by
                                         both parties through negotiation or included in supplemental contract.

 

	
	Party
    A (seal): Shenzhen Yutang Trade Co., Ltd.
	Legal
    rep.:
	 
	Party
    B (Tenant): Shenzhen Sanjun Battery Co., Ltd.
	Legal rep.:
	
	Date
    of signing: March 27, 2010

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