Document:

Exhibit 10.5

 

Maximum Amount Comprehensive Credit Line
Contract

NO. SX161214000369

Fiduciary: Springpower Technology (Shenzhen)
Co., Ltd

 

Address: Building A, Chaoshun Industrial Zone,
Renmin Street, Danhu, Guanlan Road, Baoan, Shenzhen

 

Creditor: Bank of Jiangsu, Shenzhen
Sub-branch.

Address: 4011, Shennan Road, Futian District,
Shenzhen.

 

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

 

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

 

Clause 2 Content of the credit

 

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

 

    	 

    	 

    

 

2. The period of the credit: From Sep 12th,
2014 to Sep 11th, 2015. This period only limits the start date of the credit businesses but the expiration date.

 

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

 

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

 

Clause 3 The usage of credit line

 

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

 

 

    	 

    	 

    

 

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

 

3. the following is out of the credit:

 

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

 

Clause 4 Adjustment of credit line

 

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

 

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

 

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

 

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

 

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

 

    	 

    	 

    

 

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

 

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

 

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

 

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

 

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

 

10. Fiduciary is involved in illegal operations.

 

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

 

12. Fiduciary loses commercial integrity.

 

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

 

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

 

 

    	 

    	 

    

 

15. Other situations damage rights and interests
of creditor.

 

Clause 5 Rights and obligations of fiduciary

 

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

 

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

 

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

 

4. Providing last month’s financial
statement before the 20th of each month, and providing audited financial statement to creditor in120 days after fiscal year, and
providing changes and modifications of itself to creditor.

 

 

    	 

    	 

    

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

    	 

    	 

    

 

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

 

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

 

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

 

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

 

Clause 6 Rights and obligations of creditor

 

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

 

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

 

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

 

    	 

    	 

    

 

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

 

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

 

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

 

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

 

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

 

Clause 7 All debts (including punitive
interest and related expense) under the contract are guaranteed by Maximum Amount Guaranty Contract (NO.BZ161214000050) signed
by ICON ENERGY SYSTEM COMPANY LIMITED and the creditor, and Maximum Amount Personal Joint Responsibility Guarantee (BZ161214000048)
signed by PAN DANGYU 、YIN ZHOUTAO and the creditor.

 

    	 

    	 

    

 

Clause 8 Expense

 

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

 

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

 

Clause 9 Modification, dissolution and
execution of civil right of the contract

 

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

 

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

 

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

 

    	 

    	 

    

 

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

 

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

 

Clause 10 Fiduciary agrees that the
credit’s rights under this contract can be enforced after notarization. When fiduciary does not carry out obligations under
the contract completely or partly, creditor can apply enforcement to competent court.

 

Clause 11 Applicable Law and Resolution
for dispute

 

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

 

    	 

    	 

    

  

Clause 12 Effective and invalid of the
contract

 

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

 

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

 

Clause 13 This contract is signed in
triplicate, creditor holds two copies, fiduciary holds one copy, three copies have the equal legal effect.

 

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

  

Clause 15 Prompt

 

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

 

Fiduciary (stamp)

 

Legal Representative or agent (signature): 

 

    	 

    	 

    

 

Creditor (stamp)

 

Legal Representative or agent (signature):

 

Supplementary Agreement 

 

The credit line hereunder shall cover the
credit line under the Maximum Comprehensive Credit Contract of No. SX161213000233 (hereinafter referred to as the Original
Contract) from the date of completion of security under the line. The unpaid line used in the Maximum Comprehensive Credit Contract
of No. SX161213000233 under the Original Contract shall occupy the credit line under this Contract. The aforesaid contract shall
be deemed as a single credit business contract under this Contract, shall be brought into uniform management within this credit
line and shall be secured by a relevant guarantee contract in a unified way under this Contract.

 

		1.	The credit granted by the Credit Grantor shall be used for purchasing raw materials and for other
normal business turnover. To make payment for a single business, the effective transaction contract or order and other relevant
materials not lower than the amount of payment for the single business shall be provided. The corresponding VAT invoice shall be
timely supplemented if a note is required. The credit granted by the Credit Grantor shall not be used for any affiliated transaction
without a real trade background, nor be used for investment in fixed asset projects, equity and securities.

 

    	 

    	 

    

 

		2.	The Fiduciary shall make up the note exposure in advance according to the requirements specified
in the single note contract.

 

		3.	During the period of credit granting by the Credit Grantor, except the current financing bank,
if the guarantee conditions provided by the other financing (except project loan) added by the Fiduciary are better than those
provided by the Credit Grantor, agreement shall be obtained from the Credit Grantor.

 

		4.	In case of any breach of these clauses, or in case of any situation specified in Article 4 of the
Maximum Comprehensive Credit Contract of No. SX161214000369 which endangers or may endanger the rights and interests of
the Credit Grantor during the performance of the Contract, the Credit Grantor shall have the right to charge 1% of the line exposure
amount as penalty and announce acceleration of maturity of the credit, in addition to the relevant rights under the Maximum
Comprehensive Credit Contract.

 

		5.	The amount of settlement that the Fiduciary makes in the Credit Grantor shall match with the use
of credit of the Credit Grantor, or the Credit Grantor shall have the right to decide the use and renewal of the line according
to the settlement conditions of the Fiduciary.

 

    	 

    	 

    

 

This Supplementary Agreement shall be supplementary
provisions to the Maximum Comprehensive Credit Contract (Contract No.: SX161214000369) and shall have the same equal legal
force with the Maximum Comprehensive Credit Contract. In case of any discrepancy between these supplementary provisions
and the Contract, these supplementary provisions shall prevail, and the other clauses shall remain unchanged.

 

	Fiduciary (Official Seal):	 Credit Grantor (Official Seal):
	 	 
	SPRING POWER TECHNOLOGY	BANK OF JIANGSU SHENZHEN
	 	 
	(SHENZHEN) COMPANY LIMITED (SEAL)	BRANCH (SEAL)
	 	 
	Legal Representative or 	Legal Representative or
	 	 
	Authorized Representative 	Authorized Representative
	 	 
	Oct. 28, 2014	Oct. 28, 2014Exhibit 10.5(a)

 

Maximum Amount Personal Joint Responsibility
Guarantee

 

NO. BZ161214000048

 

To: Bank of Jiangsu, Shenzhen Sub-branch

 

To ensure the performance of Creditor’s
right under the Article 1 of the master contract, the guarantor agrees to provide joint responsibility and promises as follows:

 

Article 1 The master contract 

 

The master contract is A:

 

A. “Maximum Amount Comprehensive
Credit Line Contract” signed by bank and debtor Springpower Technology (Shenzhen) Co., Ltd, and the contract number is
“SX 161214000369”

 

Article 2 The guaranteed creditor’s right
and period 

 

Except the period determined in accordance with
the law or contract, the debt under the master contract makes the guaranteed creditor’s right during the following
period:

 

The period of Maximum Amount Comprehensive Credit
Line Contract in Article 1

 

Aforesaid period indicates the date of occurrence,
and does not limit the date of expiration.

 

    	 

    	 

    

 

Article 3 Guarantee Covers

 

The guarantee coverage: the principal and interest
(including punitive interest and compound interest) of all loans (credit) outstanding between debtor and Creditor according to
the master contract, the punitive sum that debtor should pay to Creditor; compensation and other expenses Creditor charges for
realizing its creditor’s rights (including but not limited legal fees, arbitration fees, property preservation fees, execution
fees, valuation fees, auction fees, attorneys’ fees, travelling fees, etc.).

 

Article 4 Guaranty Method

 

Guarantor voluntarily provides the joint liability
guarantee, when debtor does not perform its obligations related to the debt according to the master contract, no matter what other
guarantee Creditor has for ensuring the creditor’s rights under the master contract (including but not limited to guarantees,
mortgages, pledges, etc.), Creditor has the right to ask guarantor to take guarantee responsibilities within guarantee coverage.

 

    	 

    	 

    

 

Article 5 Maximum amount of the guaranty

 

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

 

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

  

Article 6 Warranty Period

 

The warranty period of this contract is from the
effective date of this contract to 2 years after the maturity date of the debts (including deferred loans) under master contract.

 

Article 7 Changes of Master contract

 

The warranty obligations of this contract will
not be affected by any changes (including but not limited to modifying, supplying and deleting etc.) of the master contract agreed
by creditor and debtor except the amount of the loan. If creditor and debtor agree with delaying to repay the debt, this contract
is still effective.

 

    	 

    	 

    

 

Creditor may transfer its creditor’s right
to a third party legally, and guarantor shall assume the same warranty responsibilities as before.

 

Article 8 Independence of this guarantee

 

This guarantee is independent of the master contract
,the effectiveness of this guarantee is not affected if the master contract is invalid completely or partly. If the master contract
is considered as invalid, guarantor assumes joint security responsibility to the debt resulting from debtor’s returned property
or pay for the damage. Guarantor promises to supervise debtor’s use the loan (credit), and if debtor changes the purpose
of the loan (credit), guarantor still assumes warranty responsibility.

 

Any tolerance, extension, privilege or delay from
creditor to guarantor for exercising of its rights under this contract does not affect, injure and limit the rights creditor enjoys
according to this contract and laws and regulations, and cannot be considered as the abdication of the related right according
this contract, and will not affect the obligations of guarantor under this contract.

 

The efficacy of this guarantee will not be affected
by any contract, agreement, and guarantee, and tacit agreement, or dispute.

 

    	 

    	 

    

 

Warranty obligations of guarantor (including the
inheritor, assignee and conservator of guarantor) are continuous, and have no effect on any change of guarantor and debtor (including
but not limited in division, merger, reorganization, transactions of property right and operational right). If debtor’s subject
qualification ceases to exist before debtor repays all debt to creditor, or creditor announces its subject qualification ceases
to exist within 6 months since debtor repaid all debt result in the foregoing repayment become invalid, the warranty obligations
under this contract are still effective.

 

Article 9 Guaranty

 

Guarantor agrees to assume warranty responsibility
by all his property (including family possessions; since the date of signing this guarantee, guarantor will not allowed to dispose
the above property without Creditor’s consent, if Creditor thinks it is necessary that the above property can be guaranteed,
mortgaged or pledged, guarantor promise to assist to process above procedures.

 

During the warranty period, guarantor promises
that he will not provide guarantee which exceeds his warranty ability to a third party. If the above property is insufficient to
afford the guarantee responsibility, guarantor promises to assume repayment responsibility for the insufficient part.

 

    	 

    	 

    

 

If Creditor feels necessary, guarantor agrees
to provide the list of all his assets, and evaluate the assets on the list, guarantor will pay any valuation fee. Guarantor promises
that he enjoys ownership and the right of disposal of all assets on the list.

  

Article 10 Advanced Guarantee Responsibilities

 

During the warranty period, when any default under
master contract or other situations which is considered as can affect the realization of creditor’s right by Creditor happen,
Creditor can announce the debt immediately due and payable, and has the right to ask the guarantor to assume security responsibility
on the date announced by Creditor, guarantor agrees to assume the security responsibility as Creditor requested.

 

Article 11 Receiving Payables

 

Creditor has the right to take payment from guarantor’s
account in bank of Jiangsu for all payables of guarantor in the range of warranty coverage. If the payment is foreign currency,
it will be calculated according to the rate Creditor announced on the day.

 

    	 

    	 

    

 

Article 12 Other Items

 

1. During warranty period, Creditor has the right
to supervise the funds and financial condition of guarantor, and guarantor should provide true information.

 

2. Guarantor authorizes the Creditor to claim
for creditor’s due right, the money collected should be repaid Creditor to the Creditor as priority.

 

3. If the loan, which is under the master contract
or a specific credit business of the master contract, is not paid as agreed, or is changed the way of payment, guarantor shall
still assume security responsibility.

 

Article 13 Settlement of Dispute

 

When there is any dispute in performing the contract,
both parties should settle the dispute through negotiations at first, if negotiations cannot reach an agreement, both parties can
apply to the local people’s court of Creditor.

 

During the litigation or arbitration period, the
items of this contract which are not involved in the dispute still should be performed.

 

Article 14 Becoming Effective

 

This guarantee comes into force as of being signed
by guarantor

 

    	 

    	 

    

 

Article 15 Statements

 

1. Guarantor knows the business scope and limits
of authority of Creditor.

 

2 The guarantor has read the contract comprehensively
and carefully and fully understands the master contract entered into between creditor and debtor, upon the request of guarantor,
the creditor has made the terms interpretation accordingly as for the master contract and the contract hereunder, and the guarantor
is fully aware of and understands all the terms of the master contract and the contract hereunder, and signed this contract with
willingly. The guarantor is fully aware of the legal consequences for the conclusion and performance of the master contract and
the contract hereunder may give rise to, and fully confirms the obligations related to this contract.

 

3. Guarantor has the right to sign this guarantee.

 

4. Guarantor should give the consent that, Creditor
might somehow authorize other affiliated institution of Jiangsu bank to perform the obligation. The performing party entitles all
the rights and obligations under this contract and the affiliated credit line contracts, the performing party reserves the rights
to appeal a resolution of dispute if necessary.

 

5. It should be noticed to Creditor in writing
of any changes of guarantor’s abode, postal address, contact number etc. in 10 days after the changes happen. It will be
considered as if the information has been delivered if Creditor sends related notices and documents according to the primary address
on file if the guarantor does not provide such notice.

 

    	 

    	 

    

 

6. If a notary agency mandates enforceable status
to this contract, guarantor agrees to be enforced by the legislative body and gives up the right of defense.

 

	Guarantor (signature):	/s/ Dangyu Pan

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