Document:

Exhibit 10.3(a)

 

Maximum Amount Guaranty Contract 

(Apply to lines of credit)

Reference: Xing Yin Shen Longgang credit
(guarantee) zi (2016) No. 0650A

 

Creditor: Industrial Bank Co., Ltd. , Shenzhen
Longgang Branch

Address: parkland, longxiang road, longgang
town,shenzhen

Legal Representative / CEO: Wen Xiaoxia

 

Guarantor: Pan Dangyu

ID NO:

 

Contract signed at: Industrial Bank Building,
Industrial Bank Co., Ltd. Shenzhen Branch, futian, Shenzhen

 

Important notes:

 

For protecting your rights and interests,
please read, check and confirm following items carefully before signing:

 

1. You have the
right to sign this contract. Or you have been given sufficient authority legally.

 

2. You have read
and understood this contract carefully and sufficiently, and have paid attention on assuming, exempting or limiting responsibilities
of Industrial Bank Co., Ltd., and the content with bold font.

 

3. Your company
and you have understood the meaning of this contract and relevant legal consequence, and agree to accept these provisions.

 

4. The contract
provided by Industrial Bank Co., Ltd. is a model contract. There is space for modifying, supplement and deleting.

 

5. If you have
further questions to this contract, please consult Industrial Bank Co., Ltd.

 

The guarantor
is voluntary as a financier ("creditor") to provide security for the line of credit of the applicant Springpower Technology
(Shenzhen) Co., Ltd. (or "debtor"). In order to clarify the rights and duties, abide by credit, the contracting parties
signed this contract in accordance with relevant laws and regulations to comply with.

 

Article 1 definition and interpretation

 

In addition to agreed in writing by both
parties, then:

 

1. The
master contract (as defined below) agreed definitions and interpretations applicable to this contract.

 

2.
The "claims" or called the principal debt, means the debt approval and provided by the creditor, including loans, lending,
trade finance (including but not limited to issuing letters of credit, trust receipts, packing loans, export financing, export
collection bills and import bills, etc.), bankers' acceptances, discounted bills , bills buyback, guarantees (including the Independent
guarantees, see demand guarantees and standby letters of credit, etc.) and other financing business (including principal, interest,
penalty interest, compound interest, liquidated damages, damages, cost of achieving the claim).

 

     

     

    

 

Under this
contract, the claim of the financier and the debt of the applicant mean the same content.

 

3.
The "principal" refers to the principal debt made by the business transacted by the financier, including but not limited
to the principal loans, trade finance capital, bankers' acceptances fare, bill discounting, money advanced for credit of letter,
the principal part of guaranteed by the creditor for the debtor.

 

4. The "guaranteed
maximum principal" means the amount agreed by both parties in order to clarify the scope of the claims guaranteed by the covenant.
Regardless of times and sum of the debt, the guarantor takes joint liability for all debt under the guaranteed maximum principal.

 

5.
The "validity of guarantee" refers to a continuous uninterrupted period agreed by both parties in order to clarify the
scope of the claims by the covenant. The debt happened during the period, whether the settlement deadline is over that period or
not, the guarantor takes joint liability for all debt under the guaranteed maximum principal.

 

6.
"The cost of the claim for the creditor" refers to the necessary fees of achieving the credit, including take litigation,
arbitration and other ways to pay litigation (arbitration) fees, legal fees, travel expenses, execution fees, security fees, and
other expenses.

 

7.
"Master Contract" means credit contract (that is, "General Agreement") and all sub-contract signed by the financier
and the applicant.

 

"Sub-contract"
means based on the basic or special contract, the contract signed by both parties after getting approval of the creditor, include
the content of each sum, the due date and other rights and obligations. The sub-contract is an integral part of the basic or special
contract, with the same legal effect. The forms of contract can be different according to business needs, as the application of
L/C, bills or other manner considered fit by the creditor. If the master contract and sub-contract has different part, the sub-contract
will be effective.

 

8.
This "working day" refers to the bank business day, If a withdrawal or repayment date is not a Business Day, delay to
the next business day.

 

Article 2 the main credit contract of
guarantee

 

The master contract of guarantee is
Basic Credit Line Contract (No. XingYin ShenLonggang credit zi (2016) No. 0650), and its sub-contracts. The sum of credit is
RMB fifty million only, credit period is from Oct 28th 2016 to Oct 28th 2017.

 

The guarantor
will be borne joint liability for all debts under the master contract.

 

Article 3 Maximum guarantee principal

 

1. Under this
contract, maximum guarantee principal is RMB (in word) SIXTY MILLION YUAN ONLY.

 

2. Under the
maximum guarantee principal, the guarantor is borne joint liability for all debt balance (including principal, interest, penalty,
compound interest, liquidated damages, damages, realization of claims).

 

Article 4 validity of guarantee

 

1. Valid period is from Oct
28th 2016 to Oct 28th 2017.

 

     

     

    

 

2. The loan under
the contract can be used only when during the period of validity, but the guarantor is borne joint liability for each debt whether
the debt is in or over the validity of the guarantee contract.

 

Article 5 guarantee responsibility

 

1. The guarantor is borne
joint liability under this contract. For whatever reason, if the applicant fails to fulfill due debts under the master contract
(including but not limited to early recovery of debts because of the default of the applicant or the guarantor's request), the
guarantor shall perform the repayment obligation on behalf of the debtor.

 

2. If there are
several guarantors under this contract, all guarantors shall jointly bear joint responsibility.

 

3. Main debts
expire, the debtor fails to repay the debt and interest, the guarantor shall perform the repayment obligation.

 

4. Furthering
the period of the main debt, if the creditor recovers the debt in advance according to the master contract, the guarantor shall
bear joint responsibility for this and other debts under the guarantee contract.

 

Article 6 scope of guarantee

 

1. The financial claims
under this contract ("the secured claims") refers to all debts provided by the creditor to the debtor, including but
not limited to the principal debt, interest (including default interest, compound interest), breach of contract , damages , expenses
of claims.

 

2. On the due
date, if the applicant refused to repay the loan, which lead to the debt rights also in the range of the guarantee.

 

3. The principal
, interest and other costs, the time of performance, usage, rights and obligations of the parties as well as any other relevant
matters under the contract shall prevail by relevant agreements, contracts, application, notice , various certificates and other
records, all kinds of certificates and other relevant legal documents issued or signed without guarantor’s confirmation.

 

4. In order to
avoid ambiguity, all fees of prepare, improve, perform or enforce the contract (including, but not limited to attorney’s
fees, litigation or arbitration costs etc.) constitute a part of the secured debt.

 

Article 7 warranty period

 

The warranty period under
the contract:

 

1. The warranty
period under the contract is calculated according to each financing applied by the applicant. For each financing, the warranty
period is ended after two years of the expiration.

 

2. If there are
several financings in one master contract, the warranty period of each financing is ended after two years of the expiration.

 

3. If the principal debt is repayable in installments,
there are several financings in one master contract, each warranty period is calculated in installments, and the guarantor shall
bear responsibility for two years from the date of expiry.

 

4. If any extension
agreement is signed by financier and debtor without agreed by the guarantor, the guarantor will still bear responsibility for all
financing under the contract within two years from the date of extension expiry.

 

5. If the financier
decides to recover the debts in advance, the warranty period is two years since the date of expiry noticed by the financier.

 

     

     

    

 

6. The warranty
period of bankers' acceptances, letters of credit and letters of guarantee is two years from the date of advance payments. If advance
for several times, warranty period is calculated from each advance payment.

 

7. The warranty
period of commercial bills is two years from the date of discount maturity.

 

Article 8 on demand

 

As long as financiers submitted notification
of debt collection to the guarantor with the contract number and the amount of debt, the guarantor shall immediately perform the
repayment and give up all reasons of defense.

 

Article 9 declaration and commitment
of guarantor 

 

The guarantor voluntarily made the following
statement and commitment, and liable for its truthfulness:

 

1. The guarantor is established under the
laws and a validly existing legal company, with full civil capacity. The guarantor follows the creditor's request to provide relevant
evidence, permits, certificates and other documents required by the creditor.

 

2. The guarantor
has sufficient capacity to fulfill all the obligations and responsibility under the contract, not because of any instruction, financial
conditions change, or any agreement with any party to reduce or waive their commitment to settle the obligation.

 

3. The guarantor
has sufficient power, authority and legal right to sign this contract, the guarantor has obtained and fulfilled all necessary approvals
and authorizations of its internal or other relevant procedures to make the contract execution and performance, and has achieved
and fulfilled any government department or other authority's approval, registration, authorization, consent, license or other relevant
procedures for this contract, and signed this contract with all the necessary approvals, registrations, consents, licenses , authorizations
and other related procedures remain fully valid.

 

4. The
guarantor signed the contract in full compliance with the relevant Articles of the guarantor, the internal decisions, shareholders
and board resolution. The contract does not conflict with any charter, internal decisions, shareholders resolutions, board resolution
and the guarantor's policies.

 

5. The execution
and performance of this contract is based on the guarantor's true intention. Loan facility is compliance with legal and regulatory
requirements, execution and performance of this contract does not violate any binding law, regulation, ordinance or the contract.
This contract is valid and enforceable, as a result of the guarantor’s defects in the execution and performance of this contract
to result in the contract is invalid, the guarantor will immediately and unconditionally make compensation for all losses to the
creditor.

 

6. Under this
contract, all the documents, financial statements and other information provided by the guarantor is true, complete, accurate and
effective, and continue to fulfill the creditor’s request of the financial indicators.

 

7. Such as a
change in ownership structure or key management personnel or other significant events and significant transactions, the guarantor
shall require the prior written consent of the financer.

 

9. When the guarantor
has fulfilled the guarantee responsibilities, the guarantor has the right to recover the money from the applicant without prejudice
the repayment in the future. However, if the applicant has the claim of the guarantor and the requirement of repayment from the
financier at the same time, the guarantor agreed the applicant to repay the debt of the financier first.

 

     

     

    

 

10. If the applicant
and the guarantor have or will sign a counter- guarantee contract in respect of the obligations under the contract, the counter-guarantee
contract shall not prejudice any rights of the financier in law or in fact under the contract.

 

11. Before pay off
the debts, regardless of any reason lead to reduce the guarantee ability of guarantor, the financier has the right to require the
guarantor to provide a new full and effective guarantee.

 

12. There was no any litigation, arbitration
or administrative proceedings for the guarantor’s outstanding or known to occur on the guarantor, and there was no events
of liquidation or other similar proceedings whether it comes forward by the guarantor or by a third party.

 

13. If the creditor
is forced into disputes between the guarantor and any other party because of fulfilling the obligations under the contract, the
guarantor should pay litigation or arbitration costs, legal costs and other expenses.

 

14. As under the master contract , there are
other guarantees ( including but not limited to guarantee , mortgage , pledge, standby and any other form of security ) , the guarantor
agrees that one can give up part of security interest or security interest subordinated ( including the collateral is based on
the collateral provided by the debtor) , financier and any mortgagor / pledgor (including the mortgagor / pledgor artificially
is the debtor himself) can be varied by agreement and subordinated security interest, the amount of the secured creditor and other
content, even if financiers made ​​the above act, the guarantor is still voluntary to bear all responsibility of this
contract.

 

15. The guarantor
is a company, the commitment to its publication in the national enterprise credit information system of the public information
is true, complete and valid, the consent of the guarantor promises continued creditors to query the system in the enterprises to
choose the public and not the public information. If required by the creditor to capital verification, the guarantor agrees to
capital verification in accordance with the requirements of the creditors and provide professional agency issue a capital verification
report.

 

16. For under this
contract and the guarantor/issuer and the bank of any department or agency (including the bank subsidiary), other Banks, non-banking
financial institutions or units of financing contract, guarantee under the contract or other contract of any event of default,
the guarantor shall promptly notify the creditors in written form.

 

17. The guarantor if the state administration
for industry and commerce or other relevant departments of the state in any establishment, modification or cancellation of registration,
it shall notify the creditors prior to application for registration, and immediately after the completion of the registration of
the relevant registration copy and submit it to the creditors.

 

18. The guarantor in this declaration and
authorization, the creditor shall have the right to the credit condition of the guarantor has the necessary investigation, and
may, according to government departments, bank regulators, and the people's bank of China on the need of construction enterprise
and individual credit reporting work, the information about the contract and other relevant information to the departments or institutions
established or approved credit inquiry system to submit the credit information, and allows information to be legitimate query here.

 

Article 10 Obligations of disclosing
important transactions and events

 

1.Guarantor should inform financer of significant transactions and events of guarantor in written timely.

 

2. During valid
period of this contract, stock transfer, reorganization, merger, discrete, shareholding reform, joint venture, cooperation, joint
operation, contract, lease, business scope, change of registered capital, major asset transfer, contingent liability, or anything
which may affect guarantor’s ability of assuming responsibility should be notified to financer in writing 30 days in advance.

 

     

     

    

 

 

3. Termination of business, going out of business,
bankruptcy, dissolution, cancellation of business license, deterioration of financial situation or involving in major business
dispute, or anything may affect guarantor’s ability to assume responsibility should be noticed to financer in 7 days by written
since the date above things take place.

 

4. When guarantor involves in major litigation
or arbitration with any third party, or other significant thing which may affect guarantor’s ability to assume responsibility,
financer should be notified by written in 7 days since the date guarantor receives relevant notice.

 

5. The guarantor promises that it will not
use its legal dispute with third party to damage financer’s right.

 

Article 11 The rights of creditors

 

		1.	The main creditor under the contract expires or the guarantor
fails to perform under this contract, the financier has the right to directly deduct the funds from any account of the guarantor.

 

		2.	The creditor shall have the right to request the guarantor
to provide at any time reflects the business situation and credit circumstance of financial reports, financial statements and
other information.

 

		3.	As under the master contract , there are other guarantees
( including but not limited to guarantee , mortgage , pledge, standby and any other form of security ) , the guarantor agrees
that one can give up part of security interest or security interest subordinated ( including the collateral is based on the collateral
provided by the debtor) , financier and any mortgagor / pledgor (including the mortgagor / pledgor artificially is the debtor
himself) can be varied by agreement and subordinated security interest, the amount of the secured creditor and other content,
even if financiers made ​​the above act, the guarantor is still voluntary to bear all responsibility of this contract.

 

		4.	This contract prior to the establishment of the guarantee
or is determined, do not need a guarantor agrees, the creditor shall have the right to the part or all of the creditor's rights
under the main contract and its corresponding guarantee rights transferred to a third party (or to establish a trust, the asset
management plan and other special purpose vehicle). The guarantor agrees to have the transfer and transfer (if any) of the creditor's
rights, still for the creditor's rights and the transferee in accordance with the contract agreement (or to establish a trust,
the asset management plan and other special purpose vehicle) and the original security (if any) to provide guarantee to the creditor.

 

		5.	The guarantor if it is a company, if the guarantor in default
under this contract, or may endanger realize creditor's rights of the creditor, the creditor shall have the right to demand the
guarantor and its shareholders expire subscribed capital contribution obligation acceleration, the guarantor should be in accordance
with the requirements for creditors in a timely manner the subscribed capital. The creditor shall have the right to demand the
guarantor and its shareholders don't pay dividends.

 

Article 12 Change in the main contract

 

Guarantor agrees and confirmed: the creditor
and the debtor negotiation to modify, change the main contract, or financing under the main contract extension, are considered
to be already prior consent of the consent of the guarantor, don't need to inform the guarantor, the surety shall be relieved of
the suretyship liability not breaks.

 

     

     

    

 

Article 13 events of default and breach
of contract

 

1. Since this contract comes into force,
the financer and the guarantor shall perform the obligations as agreed in the contract, any one party fails to perform or not completely
fulfill the obligation of this contract, shall bear the corresponding liability for breach of contract.

 

2. One of the following circumstances is
a guarantor defaults:

 

(1) Any information
provided by guarantor and the statements and commitments stated in Article 9 of this contract are false, inaccurate, incomplete
and misunderstood.

(2) the guarantor
violates of the foregoing provisions of Article 10, not disclose the significant transactions and events

(3) Deterioration
of guarantor’s credit status and obvious weakening of repayment ability (including contingent liability);

(4) Stopping
doing business, going out of business, being announced bankruptcy, dissolution, cancellation of business license, involving in
major business dispute, and deterioration of finance condition and so on;

(5) the guarantor/issuer or guarantor of
controlling shareholders, actual controllers or associates involve significant litigation, arbitration or other disputes, or its
material assets seizure, seizure, freezing, enforcement or be taken other measures to have the same effect.

(6) the guarantor/issuer or guarantor of
the legal representative, the actual controllers, directors, supervisors and senior managers be taken other compulsory measures,
criminal detention or be missing or is declared to be missing, lose the necessary capacity for civil conduct, unable to properly
link, dies or is declared dead, death or after being declared dead no successor or legatee, property, receiver or the successor
or legatee refused to accept the inheritance or bequest or guardian, the successor or legatee or property receiver refused to continue
to perform the contract, under the guise of a marriage and relationship changes to transfer assets or trying to transfer assets,
etc., lead to an adverse effect on the guarantor's solvency.

(7) the guarantor under this contract and
the bank of any department or agency (including the bank subsidiary), other Banks, non-banking financial institutions or units
of financing contract, guarantee any event of default under the contract or other contract.

(8) Other thing
which may damage financer’s right.

 

3. If the guarantor
defaults, financer has the right to take one or more following measures:

 

(1) require the
guarantor to remedy;

(2) require the
guarantor to perform guarantee obligation in advance;

(3) require the
guarantor to provide a new full and effective guarantee;

(4) require the
guarantor to perform immediately guarantee responsibility;

(5) require the guarantor to pay under
the main contract to finance ten percent of the principal as the breach of contract;

(6) request the guarantor to compensate
by default all losses arising from the creditors;

(7) to revoke and withdraw the actions
of the guarantor damage the interests of creditors in accordance with the law;

(8) directly deduct the guarantor of any
account funds to repay its debt within the scope of guarantee;

(9) to other legal means to pursue the guarantor's
liability for breach of contract.

 

The guarantor shall
make the implementation of the above measures and waive all defenses.

 

     

     

    

 

Article 14 the independence of the guarantor’s
obligations

 

1. The
guarantor's obligations under this contract have independence with no effect of the relationship between any party and the third
party, except there are stipulates.

 

2. The guarantee
contract has independence, regardless of any conditions; the guarantee contract is effective even if the master contract is not
effective. If the master contract is confirmed as invalid, then the guarantor still bear the joint liability for the debtor’s
debts.

 

3. If the applicant
violates the master contract (including but not limited to the applicant fails to use the loan under the sub-contract) , shall
not affect the liability of guarantee, the guarantor cannot require to reduce or waive the responsibility of guarantee.

 

Article 15 the continuity of obligation

 

1. All the guarantor's
obligations under this contract have continuity, for his heir apparent, agent, receiver, the assignee and the main company after
merger, reorganization, change the name is completely and equally binding.

 

2. The guarantor
hereby acknowledges, financiers can continuously and cyclically to provide financing to the applicant under the contract, the guarantor
has joint for liability of all claims, regardless of the times and sum of each financing.

 

3. The contract
is a continuing guarantee, the guarantor shall bear responsibility of guarantee until the debts is paid off.

 

4. All or part
of the release or discharge of the secured creditor based on any payments, guarantees or other disposition which have been declared
invalid or must be repaid, the guarantor’s responsibility will be remain in force.

 

Article 16 priority subrogation arrangements

 

The guarantor states that,
once the guarantor cannot assume security responsibility, and the guarantor itself has not sufficient property to be repaid, the
financier has priority right of any claims against third parties, accounts receivable and other property interests. The guarantor
will voluntarily relinquish the defenses against the financier under Article 28 of "security law".

 

Article 17 offsetting arrangements

 

The right of the financier
under the contract cannot offsetting by the guarantor’s or any other party’s right of offsetting.

 

Article 18 Files, Communications and
Notifications

 

1. The parties of this
Contract hereby confirm that their domiciles and service methods given herein are their service addresses and methods of relevant
legal documents (including but not limited arbitration application, arbitration notice, case filing notice or acceptance notice,
statement of defense, written counterclaim, evidence, notice of court session, award, mediation document, execution notice, notice
of performance within a time limit, and other legal documents during hearing and execution of arbitration).

 

Recipient: Pan Dangyu 

Detailed Address: Workshop Building A,
Shunchao Industrial Zone, Renmin Road, Danhu Community, Guanlan Street, Bao’an District, Shenzhen City

 

Zip Code: 518172                    Tel.:

 

Designated Agent (if any):                          
Detailed Address:

 

     

     

    

 

Zip Code:                                   Tel.:

 

The parties of this Contract hereby confirm
and agree to send legal documents by personal delivery or by the following methods:

 ̈
Post;  ̈ Fax, No.
                ;  ̈
E-mail, Address:                             ;

 

 ̈
SMS, Receiving No.:

 

The foregoing legal documents shall be
deemed as having been served (to the principal if having been served to the designated agent) once they are sent by any means to
the address given above. In case of change of any party’s service address and service method, the other party shall be timely
notified in written form. If the other party is not timely notified, such change shall be deemed invalid and the party of change
shall assume relevant responsibilities arising therefrom.

 

2. Any documents, communications and notifications
sent by the way of the above address, shall be deemed to arrive on the following dates:

 

(1) by post (including
speed post, ordinary letter, registered mail), it will be deemed to arrive on the day after five working day;

(2) by facsimile
or other electronic means of communication, it will be deemed to arrive on day;

(3) by personal
delivery, the date of recipient is deemed to be arriving date.

 

Notifications
by the way of website, online banking, telephone banking or business outlets announcement should be deemed to arrive on day. The
creditor does not need to borne any responsibility for any transmission errors, omissions, or delays of mail, fax, telephone or
any other communication system.

 

3. The two sides
agreed that the seal of the office seal, financial seal, contract seal, receive seal and credit seal is the effective seal for
the documents, communications and notifications. All staves of the debtor have right to receive files, communications and notifications.

 

Article 19
Applicable Law, Jurisdiction and Dispute Resolution

 

1. Effective performance,
termination, interpretation and dispute settlement etc. of this contract is applicable for china laws.

 

2. For any dispute
about this contract, guarantors and creditors should resolve through friendly consultations; If friendly negotiation fails, the
both parties agree to solve by the following section (2) :

(2) To Shenzhen Arbitration Commission
for arbitration, to resolve the dispute by the rules of the Arbitration Commission, that the arbitration award is final and binding
on both parties. The site selection is in Shenzhen.

 

3. at the disputed
period, the part of not involved has still to be carried out.

 

Article 20 the contract effectiveness
and other matters

 

1. The
contract shall take effect from the date of signature or stamp of both parties..

 

2. After the
effective of this contract, the master contract signed by the financier and the applicant does not need to be confirmed by the
guarantor.

 

3. (3) the guarantor
has full read all the terms and conditions of this contract, and pay special attention to the terms of this contract with black
font, at the request of the guarantor, the creditor has the corresponding provisions for the purpose of this contract to do, the
guarantor/issuer the meanings of the terms of this contract and the corresponding legal consequences have all know and understand
fully, volunteered to give priority to contract the debtor to provide guarantee, and guarantee obligations pursuant to this contract.

 

     

     

    

 

4. During the effective
period of this contract, the creditor gives to the debtor and the guarantor any tolerance, forgiveness, or delay to use the rights
and interests, shall not damage, impact or limit the creditor to share the rights and interests in accordance with relevant laws
and regulations and this contract, or to be deemed giving up the rights and interests, also do not affect the guarantor to borne
any obligation under this contract.

 

5. The creditor
shall have the right to authorize or entrust other branch of industrial bank to perform rights and obligations under this contract
(including but not limited to authorized or entrusted bank branches of other related contracts, etc.) according to the debtor’s
operation and management, or the loan under this contract as other branch’s to undertake, without prior consent of the guarantor,
and the guarantor still bear the responsibility of guarantee.

 

6.The main contract for the creditor to a
debtor to open the l/c, letter of guarantee or standby letter of credit business, creditor and the debtor of the letter of credit,
letter of guarantee under the main contract or any modifications, additions or standby letter of credit financing under l/c, etc.,
such as the financing are considered to be modified or have the prior consent of the consent of the guarantor, the guarantor shall
still undertake suretyship liability stipulated in this contract.

 

7.The attachment is an integral part of this
contract, and the attachment of this contract is equally valid.

 

8. During the period
of the line of credit, if the series of contracts, agreements and other legal documents are not explicitly for the contract of
guarantee, that shall be deemed as a guarantee by the guarantee contract.

 

9. This contract
is triplet, the creditor holds two copies, the guarantor holds one copy, with equal legal effect.

 

Article 21 the notarization and voluntarily
to accept compulsory execution

 

1. The
contract should be in the provisions of the state notary office for notarization if any party request notarization.

 

2. The notarized
contract have the enforcement effect, if the debtor fails to perform the debt or the creditor shall realize creditor's rights according
to laws and regulations and this contract, the creditor shall have the right to directly apply the people's court with jurisdiction
for enforcement.

 

 Article 22
supplement:

 

The creditor (official seal): /s/ [COMPANY
SEAL]

the legal representative (signature):

 

The guarantor :

the guarantor (signature):Pan Dangyu ID
NO:

The guarantor's spouse special commitment:

Himself as a surety of a spouse, as well
as the performance of this guarantee contract agreed to the guarantor, have to pay special attention to the contract terms and
related rights and obligations and black restrict or exemption clauses, and on a comprehensive and accurate understanding and the
terms of the contract is given priority to with the common property of husband and wife agreed to in accordance with the contract
debt under contract to provide joint liability guarantee.

 

Signature: Yin Zhoutao ID:Exhibit 10.3(b)

 

Maximum Amount Guaranty Contract

(Apply to lines of
credit)

Reference: Xing Yin Shen Longgang credit
(guarantee) zi (2016) No. 0650

 

Creditor: Industrial Bank Co., Ltd. , Shenzhen
Longgang Branch

Address: parkland, longxiang road, longgang
town,shenzhen

Legal Representative / CEO: Wen Xiaoxia

 

Guarantor: Shenzhen Highpower Technology
Co., Ltd.

 

Legal Representative / CEO: Pan Dangyu

 

Contract signed at: Industrial Bank Building,
Industrial Bank Co., Ltd. Shenzhen Branch, futian, Shenzhen

 

Important
notes:

 

For protecting your rights and interests,
please read, check and confirm following items carefully before signing:

 

1. You have the
right to sign this contract. Or you have been given sufficient authority legally.

 

2. You have read
and understood this contract carefully and sufficiently, and have paid attention on assuming, exempting or limiting responsibilities
of Industrial Bank Co., Ltd., and the content with bold font.

 

3. Your company
and you have understood the meaning of this contract and relevant legal consequence, and agree to accept these provisions.

 

4. The contract
provided by Industrial Bank Co., Ltd. is a model contract. There is space for modifying, supplement and deleting.

 

5. If you have
further questions to this contract, please consult Industrial Bank Co., Ltd.

 

The guarantor
is voluntary as a financier ("creditor") to provide security for the line of credit of the applicant Springpower Technology
(Shenzhen) Co., Ltd. (or "debtor"). In order to clarify the rights and duties, abide by credit, the contracting parties
signed this contract in accordance with relevant laws and regulations to comply with.

 

Article 1 definition and interpretation

 

In addition to agreed in writing by both
parties, then:

 

1. The master
contract (as defined below) agreed definitions and interpretations applicable to this contract.

 

2. The "claims"
or called the principal debt, means the debt approval and provided by the creditor, including loans, lending, trade finance (including
but not limited to issuing letters of credit, trust receipts, packing loans, export financing, export collection bills and import
bills, etc.), bankers' acceptances, discounted bills , bills buyback, guarantees (including the Independent guarantees, see demand
guarantees and standby letters of credit, etc.) and other financing business (including principal, interest, penalty interest,
compound interest, liquidated damages, damages, cost of achieving the claim).

 

     

     

    

 

Under this contract,
the claim of the financier and the debt of the applicant mean the same content.

 

3. The "principal"
refers to the principal debt made by the business transacted by the financier, including but not limited to the principal loans,
trade finance capital, bankers' acceptances fare, bill discounting, money advanced for credit of letter, the principal part of
guaranteed by the creditor for the debtor.

 

4. The "guaranteed maximum principal"
means the amount agreed by both parties in order to clarify the scope of the claims guaranteed by the covenant. Regardless of times
and sum of the debt, the guarantor takes joint liability for all debt under the guaranteed maximum principal.

 

5. The "validity
of guarantee" refers to a continuous uninterrupted period agreed by both parties in order to clarify the scope of the claims
by the covenant. The debt happened during the period, whether the settlement deadline is over that period or not, the guarantor
takes joint liability for all debt under the guaranteed maximum principal.

 

6. "The cost
of the claim for the creditor" refers to the necessary fees of achieving the credit, including take litigation, arbitration
and other ways to pay litigation (arbitration) fees, legal fees, travel expenses, execution fees, security fees, and other expenses.

 

7. "Master
Contract" means credit contract (that is, "General Agreement") and all sub-contract signed by the financier and
the applicant.

 

"Sub-contract"
means based on the basic or special contract, the contract signed by both parties after getting approval of the creditor, include
the content of each sum, the due date and other rights and obligations. The sub-contract is an integral part of the basic or special
contract, with the same legal effect. The forms of contract can be different according to business needs, as the application of
L/C, bills or other manner considered fit by the creditor. If the master contract and sub-contract has different part, the sub-contract
will be effective.

 

8. This "working
day" refers to the bank business day, If a withdrawal or repayment date is not a Business Day, delay to the next business
day.

 

Article 2 the main credit contract of
guarantee

 

The master contract
of guarantee is Basic Credit Line Contract (No. XingYin ShenLonggang credit zi (2016) No. 0650), and its sub-contracts.
The sum of credit is RMB fifty million only, credit period is from Oct 28th 2016 to Oct 28th 2017.

 

The guarantor
will be borne joint liability for all debts under the master contract.

 

Article 3 Maximum guarantee principal

  

1. Under this
contract, maximum guarantee principal is RMB (in word) SIXTY MILLION YUAN ONLY.

 

2. Under the
maximum guarantee principal, the guarantor is borne joint liability for all debt balance (including principal, interest, penalty,
compound interest, liquidated damages, damages, realization of claims).

 

Article 4 validity of guarantee

 

1. Valid period is from
Oct 28th 2016 to Oct 28th 2017.

 

     

     

    

 

2. The loan under
the contract can be used only when during the period of validity, but the guarantor is borne joint liability for each debt whether
the debt is in or over the validity of the guarantee contract.

 

Article 5 guarantee responsibility

 

1. The guarantor is borne
joint liability under this contract. For whatever reason, if the applicant fails to fulfill due debts under the master contract
(including but not limited to early recovery of debts because of the default of the applicant or the guarantor's request), the
guarantor shall perform the repayment obligation on behalf of the debtor.

 

2. If there are
several guarantors under this contract, all guarantors shall jointly bear joint responsibility.

 

3. Main debts
expire, the debtor fails to repay the debt and interest, the guarantor shall perform the repayment obligation.

 

4. Furthering
the period of the main debt, if the creditor recovers the debt in advance according to the master contract, the guarantor shall
bear joint responsibility for this and other debts under the guarantee contract.

 

Article 6 scope of guarantee

 

1. The financial claims
under this contract ("the secured claims") refers to all debts provided by the creditor to the debtor, including but
not limited to the principal debt, interest (including default interest, compound interest), breach of contract , damages , expenses
of claims.

 

2. On the due
date, if the applicant refused to repay the loan, which lead to the debt rights also in the range of the guarantee.

 

3. The principal
, interest and other costs, the time of performance, usage, rights and obligations of the parties as well as any other relevant
matters under the contract shall prevail by relevant agreements, contracts, application, notice , various certificates and other
records, all kinds of certificates and other relevant legal documents issued or signed without guarantor’s confirmation.

 

4. In order to
avoid ambiguity, all fees of prepare, improve, perform or enforce the contract (including, but not limited to attorney’s
fees, litigation or arbitration costs etc.) constitute a part of the secured debt.

 

Article 7 warranty period

 

The warranty
period under the contract:

 

1. The warranty
period under the contract is calculated according to each financing applied by the applicant. For each financing, the warranty
period is ended after two years of the expiration.

 

2. If there are
several financings in one master contract, the warranty period of each financing is ended after two years of the expiration.

 

3. If the principal debt is repayable in
installments, there are several financings in one master contract, each warranty period is calculated in installments, and the
guarantor shall bear responsibility for two years from the date of expiry.

 

4. If any extension
agreement is signed by financier and debtor without agreed by the guarantor, the guarantor will still bear responsibility for all
financing under the contract within two years from the date of extension expiry.

 

5. If the financier
decides to recover the debts in advance, the warranty period is two years since the date of expiry noticed by the financier.

 

     

     

    

 

6. The warranty
period of bankers' acceptances, letters of credit and letters of guarantee is two years from the date of advance payments. If advance
for several times, warranty period is calculated from each advance payment.

 

7. The warranty
period of commercial bills is two years from the date of discount maturity.

 

Article 8 on demand

 

As long as financiers
submitted notification of debt collection to the guarantor with the contract number and the amount of debt, the guarantor shall
immediately perform the repayment and give up all reasons of defense.

 

Article 9 declaration and commitment
of guarantor 

 

The guarantor voluntarily
made the following statement and commitment, and liable for its truthfulness:

 

1. The guarantor
is established under the laws and a validly existing legal company, with full civil capacity. The guarantor follows the creditor's
request to provide relevant evidence, permits, certificates and other documents required by the creditor.

 

2. The guarantor
has sufficient capacity to fulfill all the obligations and responsibility under the contract, not because of any instruction, financial
conditions change, or any agreement with any party to reduce or waive their commitment to settle the obligation.

 

3. The guarantor
has sufficient power, authority and legal right to sign this contract, the guarantor has obtained and fulfilled all necessary approvals
and authorizations of its internal or other relevant procedures to make the contract execution and performance, and has achieved
and fulfilled any government department or other authority's approval, registration, authorization, consent, license or other relevant
procedures for this contract, and signed this contract with all the necessary approvals, registrations, consents, licenses , authorizations
and other related procedures remain fully valid.

 

4. The guarantor signed the contract in
full compliance with the relevant Articles of the guarantor, the internal decisions, shareholders and board resolution. The contract
does not conflict with any charter, internal decisions, shareholders resolutions, board resolution and the guarantor's policies.

 

5. The execution
and performance of this contract is based on the guarantor's true intention. Loan facility is compliance with legal and regulatory
requirements, execution and performance of this contract does not violate any binding law, regulation, ordinance or the contract.
This contract is valid and enforceable, as a result of the guarantor’s defects in the execution and performance of this contract
to result in the contract is invalid, the guarantor will immediately and unconditionally make compensation for all losses to the
creditor.

 

6. Under this
contract, all the documents, financial statements and other information provided by the guarantor is true, complete, accurate and
effective, and continue to fulfill the creditor’s request of the financial indicators.

 

7. Such as a
change in ownership structure or key management personnel or other significant events and significant transactions, the guarantor
shall require the prior written consent of the financer.

 

9. When the guarantor
has fulfilled the guarantee responsibilities, the guarantor has the right to recover the money from the applicant without prejudice
the repayment in the future. However, if the applicant has the claim of the guarantor and the requirement of repayment from the
financier at the same time, the guarantor agreed the applicant to repay the debt of the financier first.

 

     

     

    

 

10. If the applicant
and the guarantor have or will sign a counter- guarantee contract in respect of the obligations under the contract, the counter-guarantee
contract shall not prejudice any rights of the financier in law or in fact under the contract.

 

11. Before pay
off the debts, regardless of any reason lead to reduce the guarantee ability of guarantor, the financier has the right to require
the guarantor to provide a new full and effective guarantee.

 

12. There was no any litigation, arbitration
or administrative proceedings for the guarantor’s outstanding or known to occur on the guarantor, and there was no events
of liquidation or other similar proceedings whether it comes forward by the guarantor or by a third party.

 

13. If the creditor
is forced into disputes between the guarantor and any other party because of fulfilling the obligations under the contract, the
guarantor should pay litigation or arbitration costs, legal costs and other expenses.

 

14. As under the master contract , there
are other guarantees ( including but not limited to guarantee , mortgage , pledge, standby and any other form of security ) , the
guarantor agrees that one can give up part of security interest or security interest subordinated ( including the collateral is
based on the collateral provided by the debtor) , financier and any mortgagor / pledgor (including the mortgagor / pledgor artificially
is the debtor himself) can be varied by agreement and subordinated security interest, the amount of the secured creditor and other
content, even if financiers made ​​the above act, the guarantor is still voluntary to bear all responsibility of this
contract.

 

15. The guarantor
is a company, the commitment to its publication in the national enterprise credit information system of the public information
is true, complete and valid, the consent of the guarantor promises continued creditors to query the system in the enterprises to
choose the public and not the public information. If required by the creditor to capital verification, the guarantor agrees to
capital verification in accordance with the requirements of the creditors and provide professional agency issue a capital verification
report.

 

16. For under
this contract and the guarantor/issuer and the bank of any department or agency (including the bank subsidiary), other Banks, non-banking
financial institutions or units of financing contract, guarantee under the contract or other contract of any event of default,
the guarantor shall promptly notify the creditors in written form.

 

17. The guarantor if the state administration
for industry and commerce or other relevant departments of the state in any establishment, modification or cancellation of registration,
it shall notify the creditors prior to application for registration, and immediately after the completion of the registration of
the relevant registration copy and submit it to the creditors.

 

18. The guarantor in this declaration and
authorization, the creditor shall have the right to the credit condition of the guarantor has the necessary investigation, and
may, according to government departments, bank regulators, and the people's bank of China on the need of construction enterprise
and individual credit reporting work, the information about the contract and other relevant information to the departments or institutions
established or approved credit inquiry system to submit the credit information, and allows information to be legitimate query here.

 

Article 10 Obligations of disclosing
important transactions and events

 

1.Guarantor should inform financer of significant transactions and events of guarantor in written timely.

 

2. During valid
period of this contract, stock transfer, reorganization, merger, discrete, shareholding reform, joint venture, cooperation, joint
operation, contract, lease, business scope, change of registered capital, major asset transfer, contingent liability, or anything
which may affect guarantor’s ability of assuming responsibility should be notified to financer in writing 30 days in advance.

 

     

     

    

 

3. Termination of business, going out of
business, bankruptcy, dissolution, cancellation of business license, deterioration of financial situation or involving in major
business dispute, or anything may affect guarantor’s ability to assume responsibility should be noticed to financer in 7
days by written since the date above things take place.

 

4. When guarantor involves in major litigation
or arbitration with any third party, or other significant thing which may affect guarantor’s ability to assume responsibility,
financer should be notified by written in 7 days since the date guarantor receives relevant notice.

 

5. The guarantor promises that it will
not use its legal dispute with third party to damage financer’s right.

 

Article 11 The rights of creditors

 

		1.	The main creditor under the contract expires or the guarantor
fails to perform under this contract, the financier has the right to directly deduct the funds from any account of the guarantor.

 

		2.	The creditor shall have the right to request the guarantor
to provide at any time reflects the business situation and credit circumstance of financial reports, financial statements and
other information.

 

		3.	As under the master contract , there are other guarantees
( including but not limited to guarantee , mortgage , pledge, standby and any other form of security ) , the guarantor agrees
that one can give up part of security interest or security interest subordinated ( including the collateral is based on the collateral
provided by the debtor) , financier and any mortgagor / pledgor (including the mortgagor / pledgor artificially is the debtor
himself) can be varied by agreement and subordinated security interest, the amount of the secured creditor and other content,
even if financiers made ​​the above act, the guarantor is still voluntary to bear all responsibility of this contract.

 

		4.	This contract prior to the establishment of the guarantee
or is determined, do not need a guarantor agrees, the creditor shall have the right to the part or all of the creditor's rights
under the main contract and its corresponding guarantee rights transferred to a third party (or to establish a trust, the asset
management plan and other special purpose vehicle). The guarantor agrees to have the transfer and transfer (if any) of the creditor's
rights, still for the creditor's rights and the transferee in accordance with the contract agreement (or to establish a trust,
the asset management plan and other special purpose vehicle) and the original security (if any) to provide guarantee to the creditor.

 

		5.	The guarantor if it is a company, if the guarantor in default
under this contract, or may endanger realize creditor's rights of the creditor, the creditor shall have the right to demand the
guarantor and its shareholders expire subscribed capital contribution obligation acceleration, the guarantor should be in accordance
with the requirements for creditors in a timely manner the subscribed capital. The creditor shall have the right to demand the
guarantor and its shareholders don't pay dividends.

 

Article 12 Change in the main contract

 

Guarantor agrees and confirmed: the creditor
and the debtor negotiation to modify, change the main contract, or financing under the main contract extension, are considered
to be already prior consent of the consent of the guarantor, don't need to inform the guarantor, the surety shall be relieved of
the suretyship liability not breaks.

 

     

     

    

 

Article 13 events of default and breach
of contract

 

1. Since this contract comes into force,
the financer and the guarantor shall perform the obligations as agreed in the contract, any one party fails to perform or not completely
fulfill the obligation of this contract, shall bear the corresponding liability for breach of contract.

 

2. One of the following circumstances is
a guarantor defaults:

 

(1) Any information
provided by guarantor and the statements and commitments stated in Article 9 of this contract are false, inaccurate, incomplete
and misunderstood.

(2) the guarantor
violates of the foregoing provisions of Article 10, not disclose the significant transactions and events

(3) Deterioration
of guarantor’s credit status and obvious weakening of repayment ability (including contingent liability);

(4) Stopping
doing business, going out of business, being announced bankruptcy, dissolution, cancellation of business license, involving in
major business dispute, and deterioration of finance condition and so on;

(5) the guarantor/issuer or guarantor of
controlling shareholders, actual controllers or associates involve significant litigation, arbitration or other disputes, or its
material assets seizure, seizure, freezing, enforcement or be taken other measures to have the same effect.

(6) the guarantor/issuer or guarantor of
the legal representative, the actual controllers, directors, supervisors and senior managers be taken other compulsory measures,
criminal detention or be missing or is declared to be missing, lose the necessary capacity for civil conduct, unable to properly
link, dies or is declared dead, death or after being declared dead no successor or legatee, property, receiver or the successor
or legatee refused to accept the inheritance or bequest or guardian, the successor or legatee or property receiver refused to continue
to perform the contract, under the guise of a marriage and relationship changes to transfer assets or trying to transfer assets,
etc., lead to an adverse effect on the guarantor's solvency.

(7) the guarantor under this contract and
the bank of any department or agency (including the bank subsidiary), other Banks, non-banking financial institutions or units
of financing contract, guarantee any event of default under the contract or other contract.

(8) Other thing
which may damage financer’s right.

 

3. If the guarantor
defaults, financer has the right to take one or more following measures:

(1) require the
guarantor to remedy;

(2) require the
guarantor to perform guarantee obligation in advance;

(3) require the
guarantor to provide a new full and effective guarantee;

(4) require the
guarantor to perform immediately guarantee responsibility;

(5) require the guarantor to pay under
the main contract to finance ten percent of the principal as the breach of contract;

(6) request the guarantor to compensate
by default all losses arising from the creditors;

(7) to revoke and withdraw the actions
of the guarantor damage the interests of creditors in accordance with the law;

(8) directly deduct the guarantor of any
account funds to repay its debt within the scope of guarantee;

(9) to other legal means to pursue the
guarantor's liability for breach of contract.

 

The guarantor
shall make the implementation of the above measures and waive all defenses.

 

     

     

    

 

Article 14 the independence of the guarantor’s
obligations

 

1. The guarantor's obligations
under this contract have independence with no effect of the relationship between any party and the third party, except there are
stipulates.

 

2. The guarantee
contract has independence, regardless of any conditions; the guarantee contract is effective even if the master contract is not
effective. If the master contract is confirmed as invalid, then the guarantor still bear the joint liability for the debtor’s
debts.

 

3. If the applicant
violates the master contract (including but not limited to the applicant fails to use the loan under the sub-contract) , shall
not affect the liability of guarantee, the guarantor cannot require to reduce or waive the responsibility of guarantee.

 

Article 15 the continuity of obligation

 

1. All the guarantor's
obligations under this contract have continuity, for his heir apparent, agent, receiver, the assignee and the main company after
merger, reorganization, change the name is completely and equally binding.

 

2. The guarantor
hereby acknowledges, financiers can continuously and cyclically to provide financing to the applicant under the contract, the guarantor
has joint for liability of all claims, regardless of the times and sum of each financing.

 

3. The contract
is a continuing guarantee, the guarantor shall bear responsibility of guarantee until the debts is paid off.

 

4. All or part
of the release or discharge of the secured creditor based on any payments, guarantees or other disposition which have been declared
invalid or must be repaid, the guarantor’s responsibility will be remain in force.

 

Article 16 priority subrogation arrangements

 

The guarantor states that,
once the guarantor cannot assume security responsibility, and the guarantor itself has not sufficient property to be repaid, the
financier has priority right of any claims against third parties, accounts receivable and other property interests. The guarantor
will voluntarily relinquish the defenses against the financier under Article 28 of "security law".

 

Article 17 offsetting arrangements

 

The right of the financier
under the contract cannot offsetting by the guarantor’s or any other party’s right of offsetting.

  

Article 18 Files, Communications and
Notifications

 

1. The parties of this
Contract hereby confirm that their domiciles and service methods given herein are their service addresses and methods of relevant
legal documents (including but not limited arbitration application, arbitration notice, case filing notice or acceptance notice,
statement of defense, written counterclaim, evidence, notice of court session, award, mediation document, execution notice, notice
of performance within a time limit, and other legal documents during hearing and execution of arbitration).

 

Recipient: Pan Dangyu 

 

Detailed Address: Workshop Building A,
Shunchao Industrial Zone, Renmin Road, Danhu Community, Guanlan Street, Bao’an District, Shenzhen City

 

Zip Code: 518172             Tel.:

Designated Agent (if any):                         
Detailed Address:

 

     

     

    

 

Zip Code:                                   Tel.:

 

The parties of this Contract hereby confirm
and agree to send legal documents by personal delivery or by the following methods:

 

 ̈
Post;  ̈ Fax, No.
                  ;  ̈
E-mail, Address:                            ;

 

 ̈
SMS, Receiving No.:

 

The foregoing legal documents shall be
deemed as having been served (to the principal if having been served to the designated agent) once they are sent by any means to
the address given above. In case of change of any party’s service address and service method, the other party shall be timely
notified in written form. If the other party is not timely notified, such change shall be deemed invalid and the party of change
shall assume relevant responsibilities arising therefrom.

 

2. Any documents, communications and notifications
sent by the way of the above address, shall be deemed to arrive on the following dates:

 

(1) by post (including speed post, ordinary
letter, registered mail), it will be deemed to arrive on the day after five working day;

(2) by facsimile
or other electronic means of communication, it will be deemed to arrive on day;

(3) by personal
delivery, the date of recipient is deemed to be arriving date.

 

Notifications
by the way of website, online banking, telephone banking or business outlets announcement should be deemed to arrive on day. The
creditor does not need to borne any responsibility for any transmission errors, omissions, or delays of mail, fax, telephone or
any other communication system.

 

3. The two sides
agreed that the seal of the office seal, financial seal, contract seal, receive seal and credit seal is the effective seal for
the documents, communications and notifications. All staves of the debtor have right to receive files, communications and notifications.

 

Article 19
Applicable Law, Jurisdiction and Dispute Resolution

 

1. Effective performance,
termination, interpretation and dispute settlement etc. of this contract is applicable for china laws.

 

2. For any dispute
about this contract, guarantors and creditors should resolve through friendly consultations; If friendly negotiation fails, the
both parties agree to solve by the following section (2) :

(2) To Shenzhen Arbitration Commission
for arbitration, to resolve the dispute by the rules of the Arbitration Commission, that the arbitration award is final and binding
on both parties. The site selection is in Shenzhen.

 

3. at the disputed
period, the part of not involved has still to be carried out.

 

Article 20 the contract effectiveness
and other matters

 

1. The
contract shall take effect from the date of signature or stamp of both parties..

 

2. After the
effective of this contract, the master contract signed by the financier and the applicant does not need to be confirmed by the
guarantor.

 

3. (3) the guarantor
has full read all the terms and conditions of this contract, and pay special attention to the terms of this contract with black
font, at the request of the guarantor, the creditor has the corresponding provisions for the purpose of this contract to do, the
guarantor/issuer the meanings of the terms of this contract and the corresponding legal consequences have all know and understand
fully, volunteered to give priority to contract the debtor to provide guarantee, and guarantee obligations pursuant to this contract.

 

     

     

    

 

4. During the effective
period of this contract, the creditor gives to the debtor and the guarantor any tolerance, forgiveness, or delay to use the rights
and interests, shall not damage, impact or limit the creditor to share the rights and interests in accordance with relevant laws
and regulations and this contract, or to be deemed giving up the rights and interests, also do not affect the guarantor to borne
any obligation under this contract.

 

5. The creditor
shall have the right to authorize or entrust other branch of industrial bank to perform rights and obligations under this contract
(including but not limited to authorized or entrusted bank branches of other related contracts, etc.) according to the debtor’s
operation and management, or the loan under this contract as other branch’s to undertake, without prior consent of the guarantor,
and the guarantor still bear the responsibility of guarantee.

 

6.The main contract for the creditor to a
debtor to open the l/c, letter of guarantee or standby letter of credit business, creditor and the debtor of the letter of credit,
letter of guarantee under the main contract or any modifications, additions or standby letter of credit financing under l/c, etc.,
such as the financing are considered to be modified or have the prior consent of the consent of the guarantor, the guarantor shall
still undertake suretyship liability stipulated in this contract.

 

7.The attachment is an integral part of this
contract, and the attachment of this contract is equally valid.

 

8. During the period
of the line of credit, if the series of contracts, agreements and other legal documents are not explicitly for the contract of
guarantee, that shall be deemed as a guarantee by the guarantee contract.

 

9. This contract
is triplet, the creditor holds two copies, the guarantor holds one copy, with equal legal effect.

 

Article 21 the notarization and voluntarily
to accept compulsory execution

 

1. The
contract should be in the provisions of the state notary office for notarization if any party request notarization.

 

2. The notarized
contract have the enforcement effect, if the debtor fails to perform the debt or the creditor shall realize creditor's rights according
to laws and regulations and this contract, the creditor shall have the right to directly apply the people's court with jurisdiction
for enforcement.

 

Article 22
supplement:

 

The creditor (official seal): /s/ [COMPANY
SEAL]

the legal representative (signature):

 

The guarantor (official seal): /s/ [COMPANY
SEAL]

the legal representative (signature):

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