Document:

Exhibit 10.6(d)

 

REF:GB78191612002-4

 

Guaranteed Maximum Contract

Natural person as a guarantor

 

CHINA EVERBRIGHT BANK

 

     

     

    

 

Directory

 

	Chapter one	General
	 	 
	Chapter two	Definition
	 	 
	Chapter three	The principal debt secured by
	 	 
	Chapter four	Guaranteed way
	 	 
	Chapter five	Warranty
	 	 
	Chapter six	Warranty period
	 	 
	Chapter seven	The documents the guarantor shoud submit
	 	 
	Chapter eight	Representations and Warranties of guarantor
	 	 
	Chapter nine	Guarantor’s commitment 
	 	 
	Chapter ten	The nature and effectiveness of security
	 	 
	Chapter eleven	Events of default
	 	 
	Chapter twelve	others
	 	 
	Chapter thirteen	Applicable Law and Dispute Resolution
	 	 
	Chapter fourteen	Effectiveness ,change and release of the contract
	 	 
	Chapter fifteen	Attachment
	 	 
	Chapter sixteen	Supplementary

 

     

     

    

 

Guaranteed Maximum Contract

Natural person as a guarantor

 

	Guarantor:	Pan Dangyu
	ID number:	
	Address:	 

Living Address: No 68, xinxia road, Pinghu
Street, Longgang District, shenzhen

	Zip code:	518111
	TEL:	
	FAX:	

Attorney:

(Required
to provide a power of attorney signed by the guarantor)

ID number:

Address:

Living Address:

Zip code:

TEL:

FAX:

 

	Creditor:	China Everbright Bank Co., Ltd. Shenzhen Branch
	Address:	No.26 of 7th zizhu road Zhuzilin, Futian district, shenzhen

518000

Legal representative/Person in charge: Peng
Jianping

	Managers:	Yang Xiaolin	

	TEL:	 
	FAX:	 

 

Chapter one     General

 

To ensure the fulfillment that, 28th
Dec, 2016, SHENZHEN HIGHPOWER TECHNOLOGY CO., LTD. (hereinafter referred to as "fiduciary") signed with the creditor
numbered ZH78191612002 "Comprehensive Credit Agreement" (hereinafter referred to as " Comprehensive Credit Agreement
") ,guarantor is willing to provide the maximum amount of credit joint liability guarantee to secure fiduciary will pay off
the entire debt under its "comprehensive credit agreement" timely and fully.

 

After reviewing , the creditor agreed to
accept a guarantee provided by the guarantor. In order to clarify both the guarantor and the creditor rights and obligations We
formulated this contract guided by the principles of equality and mutual benefit, in accordance with the provisions of relevant
laws and

regulations.

 

Chapter two     Definition

 

Article 1 Unless the context requires or the
Contract requires , in this Contract:

 

     

     

    

 

Master contract: refers to creditor and
fiduciary signed the "Comprehensive Credit Agreement" as well as the creditor and fiduciary signed a specific credit
business contract or agreement under "comprehensive credit agreement" for each credit business.

 

Specific credit business contract or agreement
refers to the creditor guided by "comprehensive credit agreement" provide the single specific credit business contract
or agreement to the fiduciary, which is signed with the fiduciary including the local currency and the foreign currency loans,
trade finance, discount, acceptances, letters of credit, guarantees, factoring, guarantees and other off-balance sheet credit payment
form (collectively, "specific credit business").

 

Chapter three       
The principal debt secured by

 

Article 2 The principal debt secured by
the guarantor is all the specific credit business incurred under the contract or agreement signed by creditor and fiduciary
based on the master "comprehensive credit agreement" .The guaranteed maximum principal debt for "Comprehensive
Credit Agreement" is RMB thirty million.

 

Of the following cases, the main contract
claims to determine:

(One) identify expiry of the period of the main contract;

(Two) the new creditor can not happen;

(Three) the creditor and the fiduciary terminate the contract or the creditor and the guarantor terminate the contract;

(Four) the fiduciary or the guarantor is declared bankrupt or is revoked, suspended, canceled or dissolution;

(Five) other cases law claimed.

 

Chapter four     Guaranteed
way

 

Article 3 Guarantor provided the joint and
several liability guarantee under the contract

 

Chapter five     Warranty

 

Article 4 Guaranteed under this contract include:
a fiduciary under the contract shall repay or pay the debt principal to the main creditor, interest (including statutory interest,
agreed interest and penalty interest), compound interest, fees, liquidated damages, compensation, the cost of the claim, (including,
but not limited to, litigation costs, attorneys' fees, notary fees, implementation costs, etc.) and all other fees payable (above
together referred to as "collateralized debt obligations").

 

Article 5 Creditor used to indicate any credit
secured debt under the contract or any proof payable ,unless there is manifest error, the two sides should be the conclusive evidence
of the relationship between credit and debt and is binding on the guarantor.

 

Chapter six     Warranty
period

 

Article 6 each specific credit business guarantee
period under "Comprehensive Credit Agreement" calculated separately since specific contract or agreement fiduciary obligations
to fulfill the expiration date (as required by law or agreement which led to the events specific credit business contract or agreement
early maturity, compared with earlier due date) two years.

 

     

     

    

 

Chapter 7 The documents
the guarantor shoud submit

 

1. The guarantor or agent valid original signed
copy of this contract;

 

2. Guarantor of identity documents;

3. Prove creditworthiness of guarantors proof
of assets or other information;

4. Guarantor reasonably required to provide
credit and other documents.

For a copy of the above documents, are subject to the guarantor or the authorized signatory signature confirmation that the copy
is true, complete and valid documents.

 

Chapter 8 Representations and Warranties
of guarantor

 

Article 8 Guarantor make the following representations
and warranties to the creditor here :

1. Guarantor is a full civil capacity of natural
persons, have full qualifications and authority to enter into and perform this contract, and can independently bear civil liability.

2. Guarantor has carefully read and
fully understood the contract and this contract to accept the Lord contents guarantor execution and performance of this
contract is voluntary, under this contract in the full meaning of true representation.
 

3. Guarantor to the creditor to provide all
the documents are accurate, true, complete and effective, and to provide a copy of the form of documents are consistent with the
original.

4. Guarantor signing and implementation of
the contract does not violate its position as a party to any other contract or agreement, and any laws or regulations applicable
thereto. Guaranteed under this contract will not be subject to any restrictions.

5. To ensure that the contract legality, validity
or enforceability of the guarantor has been completed or will complete all required registration, filing or notary procedures.

6. This contract is legally valid, on the
guarantor constitute a legally binding obligation

7. Do not currently exist and will be
anything involving guarantor or surety guarantor's financial position to meet its obligations under this contract and adversely
affect the ability of litigation, arbitration or administrative proceedings.

8. Guarantor did not occur or exist any event
of default.

Article 9 the representations and warranties of the guarantor in the life of the contract shall remain correct and that the guarantor
will be ready by the creditor's request for further documents.

Chapter nine      Guarantor’s commitment

 

Article 10 before all of the secured debt
repaid ,the guarantor shall comply with the following provisions:

1 The guarantor shall immediately notify the
creditor any of the following events:

(1) the occurrence of any event of default;

(2) relates to the guarantor or any major operating assets of litigation,arbitration or administrative proceedings;

(3) the guarantor income substantially reduced significantly, the loss of economic resources such
as lost or may lose its ability to perform the case;

(4) the guarantor change residential address and communication.

 

2. In the life of the contract, as long as
all of the secured debt is not repaid, except with the prior written consent of the creditor, the guarantor shall not sell, transfer,
split or otherwise dispose of any of its major assets in the form

 

     

     

    

 

3. In the life of the contract, before the
completion of the all the secured debt fully settled, guarantor will not be in respect of its generation of a fiduciary to the
creditor settlement of any sum or its fiduciary may be entitled to any other creditor, to the fiduciary recourse or claim right

 

4. If a fiduciary fails to pay the secured
debt timely, the guarantor shall, upon receipt of payment in writing to the creditor within seven working days of the creditor,
the creditor unconditionally in the manner required by a fiduciary on behalf of the creditor payment of such debts.

 

5. If the guarantor fails to credit
the person's request to timely payment of any sum under the contract, the creditor entitled to directly from the guarantor to
the creditor or credit to any other person within the system of opening branches directly deduct any account, without having
to obtain the prior consent of the guarantor.

 

6. Upon the request of the creditor, the guarantor
shall be required to pay immediately to the credit or compensation for costs and losses following:

 

(1) Credit artificially realize the rights
under this contract incurred all costs and expenses (including but not limited to attorney's fees, court costs, fees and all other
executive actual expenditure); and

(2) due to violation of the contract and the guarantor to the creditor liable for any other losses

 

Chapter ten The
nature and effectiveness of security

 

Article 11 This contract guarantees established
by independent credit secured debt artificially made ​​by any other guarantee. Credit to exercise rights under this
contract without first implementation of its former holdings of any other guarantees (whether material or human security guarantees),
and need not first to the fiduciary or any other third party to take any other relief measures.

 

Chapter eleven     
Events of default

 

Article 12 Each of the following events and
issues constitute Guarantor in the event of default under the contract:

1. Master contract any event of default occurs
under;

2. Guarantor under this contract made ​​representations,
warranties or undertakings are recognized as incorrect or untrue;

3. The main part of any contract for any
reason is no longer fully valid, or is terminated for any reason or restricted;

4. Occurred against the guarantor or a substantial
operating assets litigation, arbitration or administrative proceedings;

5. Guarantor is in breach of its
present obligations under the contract or the occurrence of other people think that credit will adversely affect the creditor
rights under this Contract other events.

 

Article 13 of the event of default has occurred,
as the case is entitled to take credit of any one or more of the following measures:

     

     

    

 

1. Exercise credit in the main contract and
enjoyed under this contract remedies for breach of contract;

2. Guarantor in accordance with the requirements
of the contract responsibility of guarantee;

3. Exercise of the creditor was secured debt
may have any other security interest.

 

Chapter twelve     
others

 

Article 14 Without the prior consent of the
creditor, the guarantor shall not transfer or otherwise dispose of their under this contract in whole or part of the obligations.

 

Article 15 of people give credit guarantors
any grace, discount or delay, shall not affect, damage or limit the creditor under this contract and the laws and regulations and
all the rights; no person should be treated as credit rights under this Contract and interest waiver, does not affect the guarantor
under this contract from any liability and obligations.

Article 16 If at any time any of the
terms of this contract are in any way or becomes illegal, invalid or unenforceable, the other provisions of this contract the
legality, validity or enforceability is not affected or impaired.
 

Article 17 of the contract, the guarantor
shall be guaranteed full payment of the debt, offset shall not make any claim, nor shall any conditions.

Article 18 The contract mutual issue relating
to this contract notice requirements should be made ​​in writing, sent to the home page of this contract the parties
listed in the address or fax. Any party to change its address or fax, the need for timely notice to the others.

 

Communications between the parties,
such as by hand, after delivery shall be deemed to be served; if sent by registered letter, and in three days after sending a
registered letter shall be deemed to be served; if sent by facsimile , shall be deemed to be served at the time of issue.
However, given the guarantor's credit file, you need to actually received before the creditor is deemed served

 

Chapter thirteen     Applicable
Law and Dispute Resolution

 

Article 19 This contract and the contract
to any matters covered by applicable PRC laws (excluding Hong Kong, Macau and Taiwan law), and in accordance with laws of the PRC
(excluding Hong Kong, Macau and Taiwan law) explained.

 

Article 20 During the performance of this
contract or in connection with all disputes relating to this contract, the two parties settled through friendly consultations.
Negotiation can not reach agreement, either party may apply to the credit people local people's court.

 

Chapter fourteen    
Effectiveness ,change and release of the contract

 

Article 21 This contract is signed by the
guarantor and the creditor or agent authorized representative / responsible person or agent or stamped signature and seal of the
date.

 

     

     

    

 

Article 22 After the commencement of
this contract, either party may change or premature termination of the contract. If we need to change or cancel the contract,
the guarantor and the creditor shall be approved by mutual agreement, and reach a written agreement. Prior written agreement
is reached, the provisions of this contract is still valid.

 

Chapter fifteen     
Attachment

 

Article 23 The matters covered in this contract,
the guarantor and the creditor both parties may otherwise agree in writing, as an annex to this contract. Hereto are an integral
part of this contract, this contract have the same legal effect.

Article 24 of the annex to the contract include:

1.

2.

 

Chapter sixteen     
Supplementary

 

Article 25 of the original contract a formula
2 copies guarantor holding 1 copies of credit people who 1 copies of the same legal effect.

 

Article 26 This Contract 28th
Dec, 2016 by the guarantor and the creditor in Shenzhen signed.

Article 27 The parties to the contract agree
to this contract notarized promise to give the contract unenforceable. When a fiduciary, the guarantor is not fulfilled, or if
the debt is not completely fulfill the laws and regulations, the implementation contract creditor claims, guarantees the right
circumstances, the creditor has the right to direct the people's court having jurisdiction for enforcement. Fiduciary, guarantor
loan made ​​under this contract enforcement application without any objection. (This section is optional terms, the
parties choose this contract [2]. 1, applies; 2, does not apply.

 

This page is page contract signed by both
parties, no text)

Guarantor or agent (Signature): 

Creditor (stamp):

Legal Representative / CEO:

(Or agent)Exhibit 10.7

Text Encoding: CMBC-HT031 (GS2007)

 

Comprehensive Credit Granting Contract

(Applicable to corporate credit granting)

 

No.: GSXZ 2016 SHJZBZEZ No. 011

 

SHENZHEN HIGHPOWER TECHNOLOGY CO., LTD.
(Seal)

CHINA MINSHENG BANKING CORP., LTD. SHENZHEN
BRANCH (Seal)

 

CHINA MINSHENG BANKING CORP., LTD.

 

     

     

    

 

Comprehensive Credit Granting Contract

 

Credit Receiver: SHENZHEN HIGHPOWER TECHNOLOGY
CO., LTD. ((hereinafter referred to as Party A)

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

P. C.:

Legal Representative / Main Principal:
Pan Dangyu

Tel.:

Fax:

Opening Bank: minsheng bank

Account No.: 

 

Credit Grantor: CHINA MINSHENG BANKING
CORP., LTD. SHENZHEN BRANCH (hereinafter referred to as Party B)

Address:

P. C.: 518048

Legal Representative / Main Principal:
Wu Xinjun

Tel.:

Fax:

In accordance with the Contract Law,
the Law on Commercial Banks and other relevant laws and regulations, Party A and Party B make and enter into this Contract
upon consensus through consultation on the principles of faithfulness, credit, equality and willingness. Both Parties shall commonly
observe this Contract.

 

Chapter 1 Credit Line and Category

 

Article 1 During the valid credit period
specified in this Contract, the highest credit line Party A may apply Party B for use is (in words) fifteen million Yuan
only, adopting RMB as the currency.

 

The line under this Contract shall:

 

 ̈
be used by Party A;

 

 ̈
be used by Party A and its subordinate wholly-owned or holding companies (hereinafter referred to as its subsidiary companies).
Refer to annex 1 for the list of subsidiary companies which can use the comprehensive credit line;

 

Credit line hereunder means the net amount
after deducting the deposit. In other words, the equal financing used after Party A or a third party other than Party A pays the
deposit (or pledge of deposit) may not occupy the said line.

 

Article 2 The highest credit line hereunder
shall be used for the following credit category:

 

RMB business: x
(1) loan;

þ
(2) Acceptance of draft;

x
(3) Discount of draft;

þ
(4) Letter of guarantee;

x
(5) Others:

Trade financing business: x
(1) foreign currency loan;

 

     

     

    

 

þ
(2) Letter of guarantee;

x
(3) Outward documentary bill;

x
(4) Discount of bill;

x
(5) Acceptance of draft;

x
(6) Opening of L/C;

x
(7) Others:                          

Other business:                                  

 

Chapter 2 Credit Term

 

Article 3 The effective term of the highest
credit line specified in Article 1 herein shall be one year, from Nov 1, 2016 to Nov 1, 2017.

 

Article 4 Party B is entitled to examine
the use of the credit line hereunder at any time. In case of any event of default as specified in Chapter 7 herein, Party B shall
have the right to adjust the credit term.

 

Chapter 3 Guarantee 

 

Article 5 In order to ensure repayment
of the creditor’s rights produced herein, the following one or several guarantees are adopted:

 

x
The Mortgagor                           
 and Party B (i.e. the Mortgagee) conclude a Maximum Guarantee Contract of No.                            
;

 

x
The Mortgagor 
                           
and Party B (i.e. the Mortgagee) conclude a Maximum Guarantee Contract of No.                           ;

 

x
The Pledgor                            
 and Party B (i.e. the Pledgee) conclude a Maximum Guarantee Contract of No.                            
;

 

x
Party A shall provide maximum guarantee for the credit line used by the subsidiary company listed in the annex.

 

þ
Others: Springpower Technology (Shenzhen) Co., Ltd. and Party B conclude a Maximum Guarantee Contract of 2016
SHJZBZEZ No. 011-1

 

the Guarantor Huizhou Highpower Technology
Co., Ltd. and Party B conclude a Maximum Guarantee Contract of 2016SHJZBZEZ No. 011-2;

 

The Guarantor Pan Dangyu and Party B
conclude a Maximum Guarantee Contract of 2016 SHJZBZEZ No. 011-3; 

 

Article 6 When Party A and Party B concludes
a specific business contract hereunder, Party B has the right to demand Party A to provide any security other than that specified
in Article 5 herein.

 

Article 4 Use of Credit Line

 

Article 7 Within the credit term and highest
credit line specified herein, Party A may use the credit line once or several times. If Party B complies with the stipulations
of this Contract through review, Party B shall conclude a relevant specific credit granting business contract or agreement with
Party A (hereinafter referred to as the specific business contract).

 

Article 8 The accumulative balance of all
the credit lines used by Party A (the accumulative amount of principals used and not repaid) shall not exceed the highest credit
line at any time within the credit term.During the credit term, Party A may apply for reusing the credit line that Party A has
repaid. The credit line not used during the credit term shall be cancelled automatically when the credit term expires.

 

If Party A fails to perform its obligations
under this Contract or under the specific business contract, Party B shall have the right to stop Party A continuously using the
remaining credit line.

 

     

     

    

 

Article 9 Party A must use credit lines
within the credit term specified in Article 3 herein. The date of use of a credit line shall not be later than the deadline of
the credit term (if the business type specified in the specific business contract is loan/import and export bill purchase, the
date of release of each loan shall not be later than the deadline; if the business type specified in the Main Contract is acceptance
of bill/discount/ opening of L/C/ opening of letter of guarantee (or letter of guarantee for the release of goods), the date of
draft of acceptance of bill/discount/ opening of L/C/ opening of letter of guarantee (or letter of guarantee for the release of
goods) shall not be later than the deadline). In case of adjustment of the credit term, the deadline shall be the deadline after
this adjustment. The use term of each credit line shall accord with the specific business contract.

 

Article 10 When this Contract becomes effective,
Party A may not use any line hereunder until it meets the following preconditions simultaneously, or Party B shall have the right
to refuse conclusion of a specific business contract with Party A.

 

10.1 Party A has provided documents according
to Party B’s requirements, including but not limited to: Party A’s business license, organization code certificate
and tax registration certificate which are qualified through annual inspection; Party A’s current effective articles of association;
identity certificate and a photocopy of the OD card of the Company's legal representative;

 

10.2 Guarantee-related documents as the
credit guarantee hereunder are effective, and the mortgage right/pledge right has been established;

 

10.3 Party A has never conducted any event
of default, or Party A has conducted any event of default but the default has been solved satisfying Party B or has been exempted
by Party B;

 

10.4 Party A’s commitments given
in Chapter 5 herein have been kept prior to the date of withdrawal;

 

10.5 Party A’s financial conditions
when the credit line is applied for use are basically the same as those when this Contract is signed, and there is no material
adverse change;

 

Article 11 The expenses which should be
charged under bills, letter of guarantee, international trade financing and other related business, the discount rate under discount
of bills, and the interest rate and exchange rate which should be determined in inward and outward documentary bills shall be agreed
by Party A and Party B in each specific business contract.

 

Article 12 In case of any discrepancy between
this Contract and the specific business contract made and entered into by and between Party A and Party B, the specific business
contract shall prevail.

 

Chapter 5 Party A’s Commitments

 

Article 13 Party A’s use of the credit
line shall comply with the provisions of laws and the stipulations of this Contract and the specific business contract, and Party
B is entitled to check the situations of the specific business at any time.

 

Article 14 During the credit use period
(from the date of signature of this Contract to the date when Party B’s all creditor’s rights are compensated), Party
A shall report true financial statements and all relevant information concerning the opening bank, account number and deposit and
loan balances according to Party B’s requirements.

 

Article 15 If providing security for any
other’s debts, Party A shall notify Party B in advance, and the performance of the specific business contract made and entered
into with Party B shall not be affected.

 

Article 16 During the credit use period,
Party A shall notify Party B 30 days in advance if Party A conducts activity of asset reorganization by means of merger, acquisition,
consolidation and division, or any activity changing its operation right in any form, such as contracting and lease, or any activity
changing its organization and operation method, or any activity for selling, transferring or disposing its any material asset or
equipment in other forms and making major investment. Party A shall repay Party B’s creditor’s rights in advance or
implement the responsibility of repaying creditor’s rights according to Party B’s requirements.

 

Article 17 In case of any event which endangers
Party A’s normal operation or constitutes any major threat to performance of the obligation of repayment hereunder (including
but not limited to the events specified in sub-clause 10.3 herein), Party A shall notify Party B immediately in written form.

 

     

     

    

 

Article 18 In case of change of the domicile
or business site of the legal person of Party A, or increase or decrease of Party A’s registered capital, or change of Party
A’s legal representative and other senior management personnel, Party A shall notify Party B within seven days after occurrence
of the change.

 

Article 19 Party A shall repay on time
the principal and interests of the funds of the specific business under the credit line and pay on time the expenses payable.

 

Article 20 If Party A uses international
trade financing credit line (including packing loan, import and export bill purchase, opening of L/C, letter of guarantee, discount
of bill and acceptance of bill of exchange), Party A shall ensure:

 

1. the settled amount of the import and
export business conducted through Party B during the credit period shall not be less than RMB                           
 Yuan, of which the settled amount of the export business shall not be less than RMB                          
  Yuan;

 

2. When the business is conducted, the
latest Uniform Customs and Practice for Documentary Credits, the Uniform Rules for Collections and other related
international practices prevailing when this Contract is signed shall be strictly observed. Party B’s reputation and interest
shall not be damaged due to any business dispute.

 

Chapter 6 Party B’s Commitments

 

Article 21 If Party A’s application
for use of a credit line complies with the stipulations of this Contract, Party B shall approve and perform the application timely
according to the specific business contract signed.

 

Article 22 Party B shall not make adjustment
of the credit term and the highest credit line bad for Party A, unless otherwise specified in Chapter 7 of this Contract.

 

Chapter 7 Adjustment of Credit Line and
Acceleration

 

Article 23 Under the following circumstances
during the performance period of this Contract, Party B is entitled to adjust or cancel a credit line, and demand Party A to prepay
all the borrowings having been withdrawn by Party A under this Contract:

 

23.1 Party A’s operating status is
worsen or Party A has any major operational difficulty;

 

23.2 there is any major change of the market
related to Party A’s operation;

 

23.3 there is any major adjustment of relevant
national policies;

 

23.4 Party A violates any other contract
or agreement concluded with others, or Party A makes any commitment or warranty unilaterally, which constitutes breach of other
debts or other debts have been or may be announced acceleration by other creditor;

 

23.5 the guarantee capacity of the guarantor
hereunder becomes obviously insufficient, or the guarantor violates the guarantee contract, or the guarantor violates any obligation
specified in the commitments given by the guarantor, or the pledged or mortgaged property hereunder is damaged or its value is
obviously decreased, and Party A fails to provide a new guarantee required according to Party B’s requirements;

 

23.6 during the valid period of this Contract,
Party A expressly indicates or indicates by acts that Party A is unable to or fails to perform its obligations specified in this
Contract, the specific business contract or Party A’s commitments;

 

23.7 Party A provides Party B with any
balance sheet, statement of profits and losses and other important materials which contain false information or conceal important
facts, or Party A refuses Party B’s supervision on Party A’s use of the credit line and relevant production, operation
and financial activities;

 

23.8 Party A transfers its assets, withdraws
funds, evades debts or has any other behavior which damages Party B’s rights and interest;

 

23.9 there is any major change of Party
A’s financial conditions, or Party A is involved in litigation, arbitration, administrative punishment or other judicial
administrative proceedings, which may have adverse impact for Party A on the execution of this Contract;

 

     

     

    

 

23.10 there are any other circumstances
under which Party A loses or may lose its ability to perform obligations;

 

23.11 Party A violates its any commitment
given in Chapter 5 herein or fails to perform its obligations under this Contract or the specific business contract.

 

Article 8 Effectiveness of Contract 

 

Article 24 This Contract shall become effective
when both Parties’ legal representatives/main principals or authorized agents sign or seal and both Parties affix their official
seals/special contract seals.

 

Chapter 9 Dispute Settlement

 

Article 25 Any and all disputes between
Party A and Party B arising from and in connection with the execution of this Contract and/or the specific business contract shall
be governed by the court at the location where Party B is located, except that there are additional stipulations in the specific
business contract for governing of disputes under this Contract.

 

Chapter 10 Supplementary Provisions

 

Article 26 All the specific business contracts
concluded between Party A or its subsidiary companies listed in Annex 1 of this Contract and Party B for each specific credit granting
business on the basis of this Contract shall be deemed as an integral part of this Contract and constitute this Contract as a whole.

 

Article 27 The Contract has been
made out in two originals for Party A, Party B and the guarantor each holding one, which shall be equally authentic.

 

Article 28 When this Contract is signed,
Party B has explained and interpreted in details all the terms and conditions of this Contract to Party A, and both Parties have
no objection to the terms and conditions of this Contract. Both Parties have accurate understanding of the legal meaning of their
corresponding rights and obligations, limitation of responsibilities or disclaimers.

 

Article 29 Other provisions agreed by both
Parties

 

Under this contract amount is only used
to party b the upstream enterprise procurement of raw materials and daily business turnover.

 

The credit category under this Contract
includes: bank acceptance bills, with the single deposit ratio not lower than 30% and the maximum term not exceeding 6 months (the
maximum term for bank acceptance bill is 12 months); financing letter of guarantee, with the single deposit ratio not lower than
50%.

 

Springpower Technology (Shenzhen) Co.,
Ltd., Huizhou Highpower Technology Co., Ltd. before operating turnround, party a under this contract have not exceeding 10 million
yuan with lines

 

Article 30 The credit lines granted to
Party A and/or its subsidiary companies in accordance with the Comprehensive Credit Granting Contract or any other contract
(“Original Credit Granting Contract”) prior to the signature of this Contract may be performed continuously according
to the Original Credit Granting Contract and the relevant specific business contract. However, the outstanding credit line under
the Original Credit Granting Contract shall be included in the highest credit line specified in Article 1 herein for calculation
and management.

 

Article 31 Both Parties agree and authorize
Party B irrevocably to report relevant information to the financial credit information database established by the State. Such
information shall include the name, registered address and other related information of this institution, the transaction records,
credit information and bad information (including failure to perform obligations of this Contract, the institution’s performance
of obligations and enforcement ruled or judged by the people’s court, and other relevant bad information prescribed by laws
and regulations) generated during business activities and performance activities of this institution under this Contract.

 

This Contract is signed by Party A and
Party B in Shenzhen.

     

     

    

 

Party A: SHENZHEN HIGHPOWER TECHNOLOGY
CO., LTD. (Seal) (Seal)

 

Legal Representative / Main Principal:
Pan Dangyu (Signature)

 

(Or Authorized Agent)                          
(Signature or Seal)

 

Date:

 

Party B: CHINA MINSHENG BANKING CORP.,
LTD. SHENZHEN BRANCH (Seal) (Seal)

 

Legal Representative / Main Principal:

 

(Or Authorized Agent)                            
(Signature or Seal)

 

Date:

 

Annex:

List of subsidiary companies agreed by
the Credit Receiver (Party A) for using the lines under the Comprehensive Credit Granting Contract:

 

	1. Full name of the Company:
	 
	Address:
	 
	Legal Representative:
	 
	P. C.:                                   Tel.:                                    Fax:
	 
	Opening Bank:                                 Account No.:
	 
	2. Full name of the Company:
	 
	Address:
	 
	Legal Representative:
	 
	P. C.:                                  Tel.:                                    Fax:
	 
	Opening Bank:                                Account No.:
	 
	3. Full name of the Company:
	 
	Address:
	 
	Legal Representative:
	 
	P. C.:                                   Tel.:                                   Fax:
	 
	Opening Bank:                                 Account No.:

 

     

     

    

 

	4. Full name of the Company: 
	 
	Address: 
	 
	Legal Representative: 
	 
	P. C.:                                   Tel.:                                   Fax: 
	 
	Opening Bank:                                Account No.: 
	 
	5. Full name of the Company: 
	 
	Address: 
	 
	Legal Representative: 
	 
	P. C.:                                   Tel.:                                   Fax: 
	 
	Opening Bank:                                 Account No.: 

 

Note: the Credit Receiver shall affix its
official seal on this page. Where there is any control of the line for use by a subsidiary company, a limit may be indicated or
another page may be made for format explanation.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00268-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00268-of-00352.parquet"}]]