Document:

Exhibit 10.2

 

 

REF::ZH78191506001

 

 

 

 

 

 

Comprehensive
Credit Contract

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     

     

    

 

Directory

 

 

	Chapter one       	Definitions and interpretation
	Chapter two       	The maximum credit limits and Specific line of credit
	Chapter three      	The period of credit
	Chapter four       	Usage of the Maximum Credit Limits and Specific Line of Credit
	Chapter five        	The Fees
	Chapter six         	Adjustment of the Maximum Credit Limits and Specific Line of Credit
	Chapter seven      	Guarantee
	Chapter eight       	Commitment of Party B
	Chapter nine        	Commitment of Party A
	Chapter ten         	Effect of Contract
	Chapter eleven      	Disputes and Resolution
	Chapter twelve      	Integrity of the Contract
	Chapter thirteen    	Supplementary Provisions

 

     

     

    

  

Comprehensive Credit Contract

 

Party A: SHENZHEN HIGHPOWER TECHNOLOGY
CO., LTD

Add: Building A1, shanxia road, Pinghu
Street, longgang district, shenzhen

Legal Representative: Pan Dangyu

Tel: 0755-89686236

Fax: 0755-89686819

 

Party B:China
Everbright Bank Shenzhen Shenzhen Branch

Add:No.4,
Zhuzilin road, Futian,Shenzhen,China.

Tel:0755-81483044

Fax:0755-28138641

 

In accordance with the relevant laws and
regulations, such as “Republic of China on Commercial Banks” and “Interim Measures of commercial banks authorize
and credit”and“Guidelines for Risk Management of Credit business of Commercial Bank Group's customers”, Based
on equality, voluntariness, the principle of good faith, Party A and Party B make the agreement after the equal consultations,
and both of them are willing to follow all terms of the contract.

 

Part 1 Definitions and interpretation

 

Clause 1 Except as otherwise explained
in the context, the following terms of this agreement are defined as below:

 

Comprehensive credit:Party
B shall provide one or several conditional commitments by credit support to Party A.

 

Specific business:According
to comprehensive credit, Party B shall provide the loans, bank acceptances, trade finance and other specific credit business to
Party A.

 

The maximum credit limits:According
to comprehensive credit, the highest balance of debt principal
by using the specific businesses, Party A can apply to Party B within the validity period of the comprehensive credit agreement.

 

Specific line of credit:According
to the maximum credit limits, the highest balance of debt
principal by using one specific business Party A can apply to Party B within the validity period of the comprehensive credit agreement.

 

     

     

    

 

Used line of credit:According
to specific line of credit, the sum of debt principal by
using one specific outstanding business Party A applied within the validity period of the comprehensive credit agreement.

 

Specific business contract:The
contract signed by Party A and Party B about the specific using of the business and Line of credit.

 

 

Part 2 The maximum credit limits and
Specific line of credit

 

Clause 2 The maximum credit limits
under this contract (Total local currency and foreign currency, foreign currency are translated into RMB at the benchmark rate
which the date of signing the agreement): RMB30,000,000.00

 

Both parties agree that this Agreement
under the maximum credit limits including the outstanding business of original Comprehensive Credit Agreement (Agreement Number:
_____________________)

 

Clause 3 According to the maximum
credit limits, the specific line of credit is:

Bank acceptances: the specific line of
credit RMB30,000,000.00

 

 

Part 3 The period of credit

 

Clause 4 The period of the maximum
credit limits: from23th Jun 2015 to 22th Jun 2016.

 

The period of the specific business is
determined by the specific contract, but the start date of
the specific business must not exceed the effective use of the deadline of the maximum credit limits.

 

 

Part 4 Usage of the Maximum Credit Limits
and Specific Line of Credit

 

Clause 5 According to the maximum
credit limits, Party A can apply to use the specific line
of credit once or several times during the period of credit. Party B determines the scope, amount and period of specific business
by the credit situation of Party A based on the credit policy of Party B.

 

Clause 6 Provisions of revolving
usage: During the period of the maximum credit limits, Party
A can revolve the line of credit. The debt of one specific business is paid off, the
same kind of new specific business can be used except that Party B prohibited revolving.

 

Clause 7 Party A and Party B should
sign specific contract for specific business. If the specific business contract is inconsistent with this agreement, it should
be subject to specific business contract. For example, Party A has been identified as customers of the Group under the "Guidelines
for Risk Management of Credit business of Commercial Bank Group's customers" and other relevant laws and regulations.

 

 

     

     

    

 

 Part 5 The Fees

 

Clause 8 According to each specific
business contract, Party A and Party B should conform to the interest rate, exchange rate, fee rate and other fees charged by Party
B in the specific contract.

 

 

Part 6 Adjustment of the Maximum Credit
Limits and Specific Line of Credit

 

Clause 9 Party B has the right to
adjust the maximum credit limits and specific line of credit and the period or end the line of credit when one of the following
things happens:

 

(1) A significant monetary policy change in
the PRC;

 

(2) A severe financial risk occurs or is likely
to occur in borrower’s location;

 

(3) A significant change in borrower’s
business market;

 

(4) The borrower has experienced or will encounter
major operational difficulties or risks;

 

(5) A significant
change in borrower’s corporate structure, such as a merger, acquisition, reorganization, separation, amalgamation or termination,
which the bank believes might affect its ability to collect on the loan;

 

(6) The borrower’s
refusal to accept the bank’s supervision and inspection of the use of loan funds and borrower’s operational and financial
activities;

 

(7) The borrower’s change
in the use of the loan proceeds without the prior consent of the bank, or misappropriation of loan funds, or engagement in illegal
or irregular transactions;

 

(8) The borrower’s providing
of false materials or withholding of important financial or operational facts;

 

(9) The borrower’s transfer
of assets, retrieval of capital, denial of indebtedness;

 

(10) The borrower’s being
considered a “group account” according to the “Commercial Bank Group Guidelines for Customer Credit Risk Management
Business,” or other relevant laws and regulations through related party transactions;

 

(11) The borrower’s violation
of the contractual commitments stipulated in the contract;

 

(12) A guarantor
is in critical shortage of working capital or encounters a major operational difficulty, which negatively affects the guarantor’s
ability to guaranty the loan;

 

(13) Any pledged
object is damaged or lost, which jeopardizes the security and rights of the bank;

 

(14) The emergence of any other circumstance
that the bank determines may affect the bank’s ability to collect on the loan or harm the bank’s rights and benefits;

 

(15) The borrower’s failure to perform
any obligations in a specific business contract.

 

     

     

    

 

Clause 10 After signing the contract,
Party A can apply to adjust specific line of credit in writing. After the written consent of Party B, the contract can be adjusted,
and not subject to the constraints. The written application and written consent are considered to the modification of the part
3, which has the same power of the contract.

 

 

Part 7 Guarantee

 

Clause 11 In order to ensure that
claims under this agreement are satisfied, take the following guaranty methods:

 

The guarantor Springpower Technology (Shenzhen)
Co., Ltd, Huizhou Highpower Technology Co., Ltd, and Icon Energy System Co., Ltd. And Pan Dangyu signed “Guaranty Contract
of Maximum Amount”, which number is “GB78191506001-1、GB78191506001-2、GB78191506001-3、GB78191506001-4”
with Party B.

 

Clause 12 In spite of agreed guaranty
method, when both parties are involved in specific business, if Party B deems necessary, Party B also has the right to require
other guarantees from Party A. Party A cannot refuse the requirement because of agreed guarantee in this part.

 

 

Part 8 Commitment of Party B

 

Clause 13 Party A applies to use
the specific credit in accordance with the agreement; Party B should examine and notice the result to Party A in time.

 

 

Part 9 Commitment of Party A

 

Clause 14 Party A should pay off
the debt and fees on time according to the specific business credit.

 

Clause 15 The using of fund under
the specific contract should follow the provisions of the law and the agreement, and accept Party B's examination at any time.

 

Clause 16 During the period of credit,
Party A should submit to Party B true financial statements, truthfully provide major domestic bank, bank account, deposit and loan
balance and other relevant information of the operating conditions.

 

     

     

    

 

Clause 17 If Party A is considered
as a Group Account according to the "Commercial Bank Group guidelines for customer credit risk management business",
or other relevant laws and regulations. During the credit period, Party A shall promptly report to Party B about more than 10%
of net assets associated with the transaction, including but not limited to:

 

(1) The parties to the transaction of the
association;

(2) Trading program and nature of the transaction;

(3) The amount of the transaction or the
corresponding ratio;

(4) Pricing policies (including no amount
or only nominal amounts of transactions)

(5) Requirements of laws, regulations or
other circumstances required by Party B.

 

Clause 18 During the period of credit,
Party A should notice Party B in advance when providing guarantee for third party, which can not affect the ability to pay off
debt.

 

Clause 19 During the period of credit,
Party A has the following obligation:

(1) If the legal representative or legal
residence, place of business, or the registered capital of a major investment in equity change, Party A shall notice to Party B
within 15 days from the date of change and provide the relevant information.

 

(2) During the credit period, Party A involves
in significant litigation, arbitration or other judicial proceedings, administrative punishment procedures, or a significant change
in operating conditions and financial condition, which may affect the realization of Party B’s debt, Party A shall notify
Party B immediately.

 

(3) During the credit period, any activities
of assets reorganization (such as mergers, acquisitions, discrete), or changes of business, or activities changes the organization,
operation mode, or dissolution, bankruptcy application, should notify Party B two months in advance, and should pay off all the
debts of Party A or perform the debt responsibilities.

 

Clause 20 If Party A fails to the
rule of any specific business contract, then it can be deemed to breach the agreement, and Party B has the right to end the agreement
and require all outstanding claims.

 

Any damages to Party B caused by Party
A’s breach of contract, Party A should assume full obligations.

 

 

Part 10 Effect of Contract

 

Clause 21 This contract comes into
effect when it signed by both parties’ the legal representative or agent or sealed and stamped.

 

 

     

     

    

 

Part 11 Disputes and Resolution

 

Clause 22 If two parties have a
dispute, amicable settlement is accepted firstly. Necessary action is needed if the consultation fails, either party may apply
to the local court.

 

 

Part 12 Integrity of the Contract

 

Clause 23 Every specific business
contract signed by Party A and Party B is the effective part of this agreement, which make up integrity agreement.

 

Clause 24 If Party A fails to perform
the provisions of any specific business contract, then it can be deemed to breach the agreement, and Party B has the right to end
the agreement and require all outstanding claims.

 

Clause 25 Agreed by Party B, Party
A can authorize all or part of the line of credit under this agreement to other units to use, and name of the unit is authorized
to enter into with the relevant specific business contract signed with Party B, the specific content shall prevail by "credit
line to use the power of attorney" issued by Party A and approved by Party B.

 

Clause 26 In the "line of credit
using the power of attorney" or "buy-back guarantee amount to use the power of attorney", it is not necessary to
clear the specific business of the specific line of credit under Article 3.

 

Clause 27 Party A in the "
power of attorney for using line of credit " must clarify whether the authorized organization can be delegated or not.

 

Clause 28 Matters not covered in
this Agreement, the parties maybe reach a written agreement as an annex to this Agreement which is the integral part of this agreement,
and has the same legal effect.

 

 

Part 13 Supplementary Provisions

 

Clause 29 This agreement is in duplicate,
Party A has one copy, Party B has one copy, which have the same legal effect.

 

Clause 30 This agreement is signed
on June 23, 2015 in Shenzhen.

 

Clause 31 The two parties agreed
to notarize the contract and promise to give the contract enforceability. When the party fails to perform, do not fully comply
with any legal obligations, Party B has the right to direct the people's court having jurisdiction for enforcement. Party A makes
no objection to the enforcement application under the agreement. (Not
applicable)

 

Clause 32 If at any time, any provision
of this contract in any way becomes illegitimate, invalid or unenforceable, the legality, validity or enforceability of the other
provisions of this contract is not affected.

 

     

     

    

 

Clause 33 Under this agreement
In the event of bank acceptance bill business, "bank acceptance agreement" signed by ______________________________
the specific operations undertaken by the Branch Office, all the rights and obligations under "banker's acceptance agreement"
borne by ______________________________
(Not applicable)

 

 

 

Party A (Stamp)

Signature of legal representative or deputy:

 

 

Party B (Stamp)

Signature of legal representative or deputy:Exhibit 10.2(a)

 

REF:GB78191506001-1

 

Guaranteed Maximum Contract

 

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 should 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

 

    	 	1	 

     

    

 

Guaranteed Maximum Contract

 

	Guarantor:	SPRINGPOWER TECHNOLOGY (SHENZHEN) CO., LTD.
	Address:	Building A, Industrial Area, Renmin Road, Guanlan street, Bao'an District, Shenzhen, china 
	Zip code:	518000
	Legal representative: 	PanDangyu
	Attorney: 	 
	Managers:	SunXun
	TEL:	0755-89686236
	FAX:	0755-89686819
	Bank:	Bank Of China. LongHua Branch
	A/C NO.	78190188000068296
	Creditor:	China everbright bank CO.,LTD Shenzhen Branch
	Address:	No.26 of 7th zizhu road Zhuzilin, Futian
    district, shenzhen, guangdong, 518000 China
	Legal representative/Person in charge:	Peng Jianping,
	Managers:	Yang Xiaolin
	TEL:	0755-81483044
	FAX:	0755-28138641

 

    	 	2	 

     

    

 

Chapter One: General

 

To ensure the fulfillment that, June 23, 2015
SHENZHEN HIGHPOWER TECHNOLOGY CO., LTD. (hereinafter referred to as “fiduciary”) signed with the creditor numbered
ZH78191506001 “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 cannot 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”).

 

    	 	3	 

     

    

 

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 Seven: The Documents the Guarantor
Should Submit

 

Article 7. Guarantor shall ensure that a fiduciary
who first used the credit provided under the main contract specific credit business before the credit has been received, guarantor
submitted the following documents:

 

		1.	The legal representative or agent effective guarantor signature or seal and affix the official seal of the original contract;

 

		2.	Guarantor’s articles of association or approve the establishment of documentation and sponsorship by the latest annual
inspection business license or certificate of legal institutions, or other legal existence can prove guarantor state documents;

 

		3.	Prove creditworthiness of the guarantor’s financial statements or other information;

 

		4.	Guarantor’s board of directors or the right to decide matters of this warranty other guarantor internal agencies agreed
to provide guarantee for this contract in accordance with a resolution;

 

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

 

For a copy of the above documents, are subject to confirmation that
the guarantor stamped copy is true, complete, valid file.

 

Chapter Eight: Representations and Warranties
of Guarantor

 

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

 

		1.	The guarantor and validly existing legal entity / other organization in accordance with Chinese laws established, with independent
civil capacity, and enjoy the full power, authority and rights of all of its assets and business activities of civil liability.

 

		2.	Guarantor has sufficient power, authority and rights to sign this contract and conduct transactions under this contract and
has taken or obtained all necessary legal actions and other actions and agreed to authorize the execution and performance of this
contract. The contract is guaranteed by a legal representative or agent valid signature.

 

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

 

    	 	4	 

     

    

 

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

 

		5.	Guarantor has been made to sign this contract with all the necessary government approvals and third party consents, the execution
and performance of this contract does not violate the sponsor’s corporate constituent documents / approval documents (if
any) and as a party to any other contract or agreement. Guaranteed under this contract will not be subject to any restrictions.

 

		6.	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.

 

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

 

		8.	Currently there is no surety or anything involving major operating assets and will be the guarantor’s financial position
or guarantor to fulfill its obligations under this contract and adversely affect the ability of litigation, arbitration or administrative
proceedings.

 

		9.	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’s financial position deterioration, suspension of business, or is declared bankrupt, dissolved, revoked
business license / certificate of legal institutions or revoked.

 

		2.	In the life of the contract, as long as all of the secured debt is not repaid, without the prior written consent of the creditor,
the guarantor couldn’t make any associate, contract, lease, merger, joint-stock reform, or other mode of operation and ownership
structure changed arrangements; If indeed due to operational needs or national policies, laws need to adjust for associates, contract,
lease, merger, joint-stock reform, or otherwise change its mode of operation or ownership structure, the guarantor shall obtain
the prior written consent of the creditor and in this contract under its warranty obligations and obligations to make a satisfactory
credit arrangement.

 

		3.	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, or otherwise dispose split any material operating assets.

 

		4.	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.

 

    	 	5	 

     

    

 

		5.	In the life of the contract, the guarantor as the administrative department for industry and commerce to make any changes to
registration, should be after the change ten working days written notice to the creditor and the creditor files a copy of the relevant
registration creditor.

 

		6.	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.

 

		7.	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.

 

		8.	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.	Guarantor suspend or cease business or enters bankruptcy, liquidation, or other similar programs out of business, or the guarantor
being filed for bankruptcy liquidation or authorities decided to suspend or temporarily suspended operations

 

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

 

    	 	6	 

     

    

 

		6.	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 other.

 

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

 

Chapter Thirteen: Applicable Law and Dispute
Resolution

 

Article 19. Of the contract and the contract
any of the matters covered by Chinese law, and in accordance with Chinese 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
cannot 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. Of this contract from the guarantor
and the creditor both legal representative or agent or stamped and stamped with the official 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.

 

    	 	7	 

     

    

 

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
two copies guarantor holding one copies of credit people who one copies of the same legal effect.

 

Article 26. This Contract June 23, 2015 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 [ ]. 1, applies; 2, does not apply.)

 

    	 	8	 

     

    

 

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

 

Guarantor (stamp):

 

Legal Representative:

(or agent)

 

Creditor (stamp):

 

Legal Representative / CEO:

(or agent )

 

    	 	9

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