Document:

Exhibit 10.7

 

Lease
agreement for factory and office building

 

The
Lessor (hereinafter referred to as Party A): Anhui Juhu Door and Window Technology Co.

 

The
Lessee (hereinafter referred to as Party B): Upincar Group Co., Ltd.

 

After
friendly consultation between A and B, according to the Civil Code of the People’s Republic of China and the relevant provisions of the
national and local governments on the leasing of factory buildings, and in accordance with the principle of equality and voluntariness,
both parties reached the following agreement on the leasing of office buildings and production sites:

 

I.
Party A agrees to lease to Party B for use three, four and five 12,000 square metres of workshops on the west side of the company’s steel
structure plant and 3,300 square metres of office building (multi-storey plant) on the west side (floor plan diagram attached).

 

II.
Lease term: provisionally three years, i.e. from 1 August 2021 to 31 July 2024.

 

III.
Lease price and payment method.

 

1.
The annual rent for the plant and multi-storey office building is RMB 1.2 million

In
accordance with the principle of payment before use, a rent-free period of 2 months will be granted (i.e. the rent-free period will end
at the end of July 2021), and the first year’s rent will be paid before 22 June after the signing of this agreement. The second and third
year’s rent will be paid semi-annually, and 600,000 yuan will be paid before 31 July and 31 December each year respectively.

 

IV.
Party A’s responsibilities and obligations.

 

1、The
partition wall between the rented part of the steel structure plant and the part used by Party A is responsible by Party A; and Party
A is responsible for installing 5 sets of 16-ton traveling cranes and 1 set of 20-ton traveling cranes and 1 set of 1250kv transformer.

2、Party
A is responsible for the general decoration of the office building (multi-storey plant), the number of partitioned (separated) rooms
of the office is provided by Party B; the air-conditioning and office furniture of the office building are configured by Party A.

3.
The above facilities such as cranes, transformers, air-conditioners and furniture configured by Party A are owned by Party A. Party B
has the right to use them during the lease period and Party B is responsible for the maintenance of the equipment.

 

V.
Party B’s responsibilities and obligations

 

1、Pay
the rental fee on time.

2、Party
B shall be independently equipped with electricity and water meters during the leasing period, and shall pay the electricity and water
charges in a timely manner according to the actual amount of electricity and water used.

3、Party
B shall maintain the relevant facilities of the office building during the leasing period, and shall repair and restore them in a timely
manner if they are damaged, and shall compensate for the damage caused.

4.
Party B shall be responsible for the internal fire-fighting facilities and safety of the leased premises.

5.
Party B shall not sublet or sublet to a third party without permission.

 

VI.
If Party B surrenders the lease early, it shall pay Party A the full three years’ rent as compensation. If the lease period expires and
Party B still needs to continue the lease, Party B shall propose to Party A two months before the expiry date. The lease price shall
be determined by mutual agreement according to the prevailing market price, and Party B shall have the right of first refusal under the
same conditions.

 

VII.
If Party B fails to pay the rent in accordance with the agreement and is overdue for more than 30 days, Party A has the right to terminate
this agreement and to require Party B to pay the remaining rent for three years and at the same time bear 10% of the total rent as liquidated
damages.

 

VIII.
This agreement shall take effect from the date of its signing by Party A and Party B. It shall be in four copies, two copies for each
of Party A and Party B.

 

	Party A (seal):	Party B (seal):
	 	 
	 	 
	Representative:	Representative: 
	 	 
	 	Date
of signing: 16  June 2021Exhibit
10.8 

 

 

Zhangdian Innovation and Entrepreneurship Center
and Standard Workshop

Project (Phase I)

 

 

 

Plant lease contract

 

 

 

 

 

December 2021

 

 

 

 

     

     

    

 

Lessor (Party A): Shandong Qiying Industrial
Investment Development Co., Ltd.

 

Address: Room 818, R&D Building, Pioneer
Park, Zibo Science and Technology Industrial Park, No. 69, West Shou, Sanying Road, Fangzhen Town, Zhangdian District, Zibo City, Shandong
Province

 

Legal representative: Jia Muyue

 

Lessee (Party B): Youxu New Energy Technology
(Zibo) Co., Ltd.

 

Address: High-end Equipment Manufacturing
Industrial Park, Zhongbu Town, Zhangdian District, Zibo City, Shandong Province (intersection of Bohai Road and Taishan Road, Zhangdian
District)

 

Legal representative: Jia Fengyong

 

Entrusted operation and property management
party (Party C): Shandong Qixin Industrial Park Operation Management Co., Ltd.

 

Address: Room 819, R&D Building, Pioneer
Park, Zibo Science and Technology Industrial Park, No. 69, West Shou, Sanying Road, Fangzhen Town, Zhangdian District, Zibo City, Shandong
Province

 

Legal representative: Li Wenjuan

 

According to the “Civil
Code of the People’s Republic of China”, the “Youxu New Energy Technology (Zibo) Co., Ltd. Capital Increase Agreement”
signed by both parties, and other relevant laws and regulations, the three parties A, B, and C are equal, voluntary, and negotiated. On
the basis of unanimous agreement, the three parties have reached the following contract on the lease of the real estate of the Zhangdian
Economic Development Zone Shuangchuang Center and the standard workshop project held by Party A and the property management of the park
by Party C. :

 

    1

     

    

 

Article 1 Basic information
of the leasing subject matter

 

The immovable factory buildings
leased by Party A to Party B are located in: Zhangdian Economic Development Zone Shuangchuang Center and No. 8 # and 9 # factory buildings
of the standard factory building project . The supporting office building is a three - story building . Party A guarantees that the property
rights of the real estate are clear and that Party A has the right to dispose of it independently; Party B has made an on-the-spot investigation
of the plant before signing this contract, and the conditions of the plant have been fully clarified and confirmed. If the actual property
right area in the future is inconsistent with the planning and design area used in this contract, the area registered in the property
right certificate shall prevail, and the agreed fee shall be refunded and compensated.

 

Article 2 Lease Term and
Purpose

 

The lease term is five years
from April 1, 2022 to March 31, 2027 . Party B undertakes to lease the plant for production use only.

 

Upon expiration of the lease
term, Party A has the right to take back the plant, and Party B shall return it as scheduled.

 

Party B shall inform Party
A whether to continue the lease three months before the expiration of the lease term. If the lease continues, both parties shall sign
a separate lease contract.

 

Article 3 Payment of rent
and related expenses

 

1. The rent of the workshop
used by Party B is 210 yuan/m2 / year, and the total amount is RMB:

 

3,097,004.00 yuan / year, uppercase : 300,000,000,000,000,000,000
yuan, the payment method is once a year; the rent will remain unchanged for the first three years from the date of signing the contract,
and the rent will increase by 3 from the fourth year %, and then rises by 3 % every two years, that is, the rent from April 1, 2025
to March 31, 2027 is 3,189,914.00 yuan / year;

 

2. The rental deposit for the
plant is one month’s rent, and the total amount is RMB 260,000 . The deposit serves as the guarantee for Party B’s performance. After
the lease term expires, Party A confirms that the steel structure, facade, emery floor, transformer and corresponding power supply system,
water supply system, fire protection system and other facilities and equipment are in good condition, water and electricity property management
fees, etc. After the relevant fees are settled, they will be refunded to Party B’s account within seven days;

 

3. The plant rent and other
payable fees shall be paid by Party B to the account designated by Party A within seven days of signing this contract; Party B shall pay
the next rent 30 days in advance. Party A’s account is as follows:

 

Account name: Shandong Qiying
Industrial Investment Development Co., Ltd.

 

Account Bank: Century Garden
Sub-branch of Qishang Bank Co., Ltd.

 

Account: 801108701421007424

 

    2

     

    

 

4、total rent payable
by Party B during the contract period is RMB 15,670,840.00 . According to Article 2 of the ” Youxu New Energy Technology (Zibo) Co.,
Ltd. Capital Increase Agreement” signed by Party A, Party B and Party B’s controlling shareholder, the rent and equipment rental
fees are five years. For the requirement of paid-in capital increase by debt-to-equity swap, Party B does not need to pay the above rent
in cash, and converts the current year’s rent debt into Party A’s actual capital increase in Party B’s company year by year . Change the
procedures, and issue to Party A the original copy of the corresponding capital contribution certificate, a copy of the original and duplicate
of the new business license (with official seal), amendments to the company’s articles of association and a copy of the company’s complete
articles of association (with official seal) and a copy of the register of shareholders ( After the expiration of the five-year period,
the rental price of the renewed Plant Lease Contract shall continue the increase standard stipulated in this contract;

 

5、Article 6 of the Equity
Repurchase Clause of the “Youxu New Energy Technology (Zibo) Co., Ltd. Capital Increase Agreement” signed by Party A, Party
B and the controlling shareholder of Party B, from the day after Party B suspends the debt-to-equity swap, Party B shall The remaining
rent shall be paid quarterly in cash in accordance with the rent amount agreed in this contract ;

 

6. During the lease period,
Party B shall bear all the water, electricity, gas, communication, network, property management fees, public energy consumption fees,
etc. arising from the use of the plant, among which:

 

6.1 The pricing standard of
water fee is RMB 3.65 /m3/month, which shall be paid to the account designated by Party C on a monthly basis;

 

6.2 The electricity pricing
standard is:

 

1 The part of
photovoltaic power generation is paid according to 0.92 yuan/ kw.h ; ( In case of grid electricity price adjustment, the electricity
price will be adjusted synchronously)

 

2 The electricity
consumption of the State Grid shall be implemented with reference to the national standards;

 

3 The basic
capacity fee of the transformer is 28 yuan/kva;

 

be prepaid by Party B to the
account designated by Party C ;

 

6.3 The property fee is priced
at 1.5 yuan/m2/month, and the prepayment is made to the account designated by Party C on a monthly basis before the 10th of each
month . If Party B prepays the property fee annually, it will enjoy a 5% discount ;

 

6.4 The pricing standard of
communication network fee shall refer to the operating price stipulated by the campus network;

 

6.5 The pricing standard of
public energy consumption fee shall be paid according to the public information of Party C;

 

7. The designated account of
Party C is as follows: Shandong Qixin Industrial Park Operation Management Co., Ltd.

 

Account Bank: Business Department,
Bank of China Zibo Zhangdian Sub-branch

 

Account: 242945338955

 

    3

     

    

 

8. Any payment and fees
paid by Party B shall be paid to the designated account in accordance with the contract, and a receipt or invoice shall be requested.
Party A and Party C have never authorized any individual to collect any payment on their behalf, so disputes arise which have nothing
to do with Party A and Party C. .

 

Article 4 Delivery and
Return of Plants

 

After Party B pays the rent,
water, electricity and property fees and other related expenses, Party A will deliver the plant to Party B for use, and the three parties
will participate in the handover on the day of handover (with handover checklist and handover site photos):

 

1. Party A shall ensure that
the workshop and auxiliary facilities and equipment can be used normally;

 

2. If the parties have any
objection to the decoration, hardware facilities and equipment, they should raise it on the spot;

 

3. During the lease period,
when Party A transfers the ownership of the real estate to a third party, this contract will continue to be valid for the new real estate
owner;

 

4. During the lease period,
without the consent of Party A, Party B is strictly prohibited from subletting the workshop;

 

5. When the lease term expires,
Party B has the priority to lease the plant under the same conditions;

 

6. When the lease term expires
or Party A and Party B agree to terminate the contract or due to other circumstances, when Party B returns the workshop to Party A,
Party B shall keep the main structure, facade, emery solidified ground and facilities and equipment of the workshop in good condition,
and the decoration part of Party B shall be reserved for free Party A has the right to dispose of the items retained without the consent
of Party A.

 

Article 5 Factory use
requirements and maintenance responsibilities

 

1. During the lease period,
Party C accepts the entrustment of Party A to conduct regular inspections of the factory building. If it is a structural problem of the
factory building or public facilities and equipment, Party A and C are responsible for repairing, and Party B is responsible for repairing
other problems .

 

2. Party B’s production and
business activities shall be carried out in strict accordance with national regulations, industry standards and requirements of the park.
Any safety accident responsibility shall be borne by Party B, and Party B shall pay compensation according to the price if the accident
causes damage to the main body of the factory building or supporting public facilities and equipment .

 

3. During the lease period,
Party B shall use and take care of the plant and facilities and equipment reasonably. If the main structure, exterior facade, emery solidified
ground and facilities and equipment of the plant are damaged due to improper use by Party B, Party B shall be responsible for repairing
to restore the original state . If Party B refuses to repair within 3 days, Party A can repair it on behalf of Party B, and the cost shall
be borne by Party B twice .

 

4. During the lease period,
if Party B needs to renovate or add additional auxiliary facilities and equipment, it shall obtain the written consent of Party A in advance,
and sign the “Shuangchuang Center Plant Decoration Management Agreement” with Party C;, it shall be submitted to the relevant
departments for approval by Party A before proceeding. During the renovation of the workshop, no changes shall be made to the main structure,
exterior façade, emery-solidified ground, facilities and equipment of the workshop . If changes are required, they shall be reported
to Party A and Party C in advance. Changes can only be made after written permission. Changes, resulting in all consequences shall be
implemented in accordance with Article 5, paragraph 3 of this contract .

 

    4

     

    

 

5. During Party B’s production
operations, it is forbidden to overload load, use overloaded electricity, and exceed the load-bearing range of ground, aircraft, and freight
elevators, and a series of behaviors that endanger production safety or cause damage to plant structure, and the consequences are all
caused by Party B. bear. The load specifications are as follows:

 

	
    

    Floor
	
    freight elevator
    load
	ground load	Crane load	floor load	electrical load
	Plant 1-4	2000kg	10KN/m2	no crane	4kN/m2	Two 400kva transformers
	Plant 5	2000kg	10KN/m2	The H axis is 5T, the rest are 20T	4kN/m2	Two 500kva transformers
	Plant 6	2000kg	10KN/m2	10T	4kN/m2	Two 500kva transformers
	Plant No. 7 and 8	2000kg	10KN/m2	DG shaft 32T, the rest 20T	4kN/m2	Two 630kva transformers
	Plants 9 and 10	2000kg	10KN/m2	AD axis 32T, the rest 20T	4kN/m2	Two 630kva transformers

 

Article 6 Rights and
obligations and liability for breach of contract

 

1. Party A, as the plant development
and construction party, should ensure that the construction of the plant meets the national standards; it should ensure that the laying
and installation of electricity, waterways, fire protection, and transportation meet the national standards;

 

2. As the lessee of the workshop,
Party B shall ensure legal and compliant production and operation; ensure that various management systems are perfect and post publicity;
ensure legal employment and safe production, without any violation of laws and regulations;

 

3. Party C is entrusted as
the park operator and property manager of the park where the factory is located, and has the obligation to ensure the quality services
of the park order, sanitation, security, greening and other public areas; among which, Party C is responsible for cleaning up the domestic
garbage in the park, and production garbage by Party B shall solve it by itself;

 

4. During the lease period,
if Party A violates the contract and takes back the workshop in advance or leases it to others, Party B has the right to terminate the
contract and request Party A to compensate for the loss;

 

    5

     

    

 

5. During the lease period,
if Party B has one of the following acts, Party A has the right to terminate the contract and take back the factory building . Party B
shall pay Party A liquidated damages according to 20% of the annual rent . At the same time, due to the termination of the contract, Party
B shall bear the responsibility for the breach of contract that the “Youxu New Energy Technology (Zibo) Co., Ltd. Capital Increase
Agreement” cannot be performed :

 

5.1 Sublease or lend the factory
building to a third party for use, or dismantle and change the main structure of the factory building, change the lease purpose stipulated
in this contract, or use the factory building to conduct illegal and criminal activities;

 

5.2 Party B refuses to pay
the rent for 30 days after suspending the debt-to-equity swap in the “Youxu New Energy Technology (Zibo) Co., Ltd. Capital Increase
Agreement” ;

  

5.3 The accumulative arrears
of rent or property fees or other payable fees for more than two months;

  

5.4 Due to Party B’s arrears
of rent, property fees or other payable fees, Party A has the right to rescind the above contract, and this right of rescission will not
be waived by Party A’s collection of the rent paid by Party B subsequently, unless Party A expresses its intention in writing, the right
to rescind the contract shall not be waived in any way;

 

5.5 Party B violated the agreement
of the Capital Increase Agreement of Youxu New Energy Technology (Zibo) Co., Ltd., resulting in the failure to perform the Capital Increase
Agreement of Youxu New Energy Technology (Zibo) Co., Ltd. or the performance of the contract has no practical significance;

 

6. During the lease period,
Party B will be charged 5/10,000/day for late payment of rent or other payable expenses;

 

7. During the lease period,
Party B shall notify Party A in writing three months in advance, and pay 20 % of the annual rent to Party A as liquidated damages, and
the remaining rent, deposit, water and electricity property fees shall not be refunded, and Party B shall bear the responsibility Liquidated
damages, late payment fees, arrears of water and electricity property fees, compensation for damage to plants and facilities and equipment,
etc.

 

    6

     

    

 

Article 7 Disclaimer

 

If the contract cannot continue
to be performed due to force majeure, government demolition or group events such as complaints and petitions, the three parties will
not be liable for breach of contract, and the rent will be calculated based on the actual usage time .

 

Article 8 Other Terms

 

1. When signing this contract,
Party A, Party B and Party C have full capacity for civil conduct, have a clear understanding of their respective rights, obligations
and responsibilities, and are willing to strictly implement them in accordance with the provisions of the contract. If a dispute arises
from time to time, you should first negotiate amicably. If the negotiation fails, you can file a lawsuit in the people’s court where Party
A is located, and the breaching party shall bear the reasonable expenses such as litigation fees and attorney fees incurred by the non-compliant
party due to the lawsuit;

 

Although this contract has
a certain relationship with the Capital Increase Agreement of Youxu New Energy Technology (Zibo) Co., Ltd., the rights and obligations
of the two contracts are calculated separately and can be superimposed; Supplementary terms may be entered into. As an integral part of
this contract, the supplementary clauses have the same legal effect as this contract.

 

3. This contract is made in
eight original copies, Party A and Party C have two copies each, and Party B has four copies. The contract will come into effect after
being stamped and signed, and Party B has actually paid all the fees.

 

( No text below this page)

 

    7

     

    

 

(signature page)

 

Lessor (Party A):

 

Signature of legal representative
or authorized representative:

 

contact details:

 

Lessee (Party B):

 

Signature of legal representative
or authorized representative:

 

contact details:

 

Entrusted operation and
property management party (Party C):

 

Signature of legal representative
or authorized representative:

 

contact details:

 

Signing date : December 28, 2021

 

 

8

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