Document:

XcelMobility Inc. - Exhibit 10.6 - Filed by newsfilecorp.com

                        
THIS MANAGEMENT SERVICE AGREEMENT entered into as of the 30th day of August 2011

BETWEEN: 

  
    
      Xcelmobility Inc., a corporation incorporated
        under the laws of Nevada, USA, and having an Executive Office at #600
        - 303 Twin Dolphins Drive, Redwood City, California.

      (the “Company”)

    

  

AND: 

  
    
      Xili (Grace) Wang, Businesswoman of Room
        #706, Cyber Times Tower B, Tairan Road, Futian District, Shenzhen, China
        518040

      (“Wang”) 

    

  

WHEREAS: 

A.                      
The Company wishes to engage Wang as provided herein; and 

B.                      
The Company and Wang wish to enter into a management Services Contract for their
mutual benefit and subject to the terms outlined in this Agreement. 

NOW THEREFORE in consideration of the premises and mutual
covenants herein contained, the parties hereto agree as follows: 

1.0                    
MANAGEMENT SERVICES

1.1                    
Wang represents and warrants to the Company that Wang has the required skills
and experience to perform the duties and exercise the responsibilities required
of Wang in the position of Chief Financial Officer. 

1.2                    
Wang and the Company agree to comply with and to be bound by the terms and
conditions of this Agreement. 

1.3                    
During the term of employment, Wang shall well and faithfully serve and devote
himself exclusively to the Company. 

1 

1.4                    
In carrying out these duties and responsibilities, Wang undertakes to comply
with all lawful instructions and directions, which he may receive from the
Company. The duties and responsibilities to be carried out by Wang will be
commensurate with the duties of Chief Financial Officer. Wang shall report to
the Board as a whole as requested. 

1.5                    
Wang agrees and understands that the effective performance of Wang’s duties
requires the highest level of integrity and the Company’s complete confidence in
Wang’s relationship with other employees of the Company and with all persons
dealt with by Wang in the course of his employment. Wang is required to ensure
that he conducts himself in a professional, businesslike manner at all times.

1.6                    
Wang acknowledges and agrees to familiarize himself with and to comply with all
of the Company’s policies, practices and procedures as adopted from time to
time. 

1.7                    
Wang shall be subject to an annual performance review. 

2.0                    
DUTIES

2.1                    
Job descriptions specific to the position will be developed by the Compensation
Committee of the Board, but in general terms Wang shall be responsible for the
following: 

	 	(a) 	
      Assist in performing all tasks necessary to achieve the
      organization's mission and help execute staff succession and growth
      plans.

	 	 	 
	 	(b) 	
      Train the Finance Unit and other staff on raising
      awareness and knowledge of financial management matters.

	 	 	 
	 	(c) 	
      Work with the President/CEO on the strategic vision
      including fostering and cultivating stakeholder relationships on city,
      state, and national levels, as well as assisting in the development and
      negotiation of contracts.

	 	 	 
	 	(d) 	
      Participate in developing new business, specifically:
      assist the CEO in identifying new funding opportunities, the drafting of
      prospective programmatic budgets, and determining cost effectiveness of
      prospective service delivery.

	 	 	 
	 	(e) 	
      Ensure adequate controls are installed and that
      substantiating documentation is approved and available such that all
      purchases may pass independent and governmental
audits.

2 

	 	(f) 	
      Provide the CEO with an operating budget. Work with the
      CEO to ensure programmatic success through cost analysis support, and
      compliance with all contractual and programmatic requirements. This
      includes:

	 	i. 	
      interpreting legislative and programmatic rules and
      regulations to ensure compliance with all federal, state, local and
      contractual guidelines,

	 	 	 
	 	ii. 	
      ensuring that all government regulations and requirements
      are disseminated to appropriate personnel, and

	 	 	 
	 	iii. 	
      monitoring compliance.

	 	(g) 	
      Oversee the management and coordination of all fiscal
      reporting activities for the organization including: organizational
      revenue/expense and balance sheet reports, reports to funding agencies,
      development and monitoring of organizational and contract/grant
      budgets.

	 	 	 
	 	(h) 	
      Oversee all purchasing and payroll activity for staff and
      participants.

	 	 	 
	 	(i) 	
      Develop and maintain systems of internal controls to
      safeguard financial assets of the organization and oversee federal awards
      and programs. Oversee the coordination and activities of independent
      auditors ensuring all A-133 audit issues are resolved, and all 403(b)
      compliance issues are met, and the preparation of the annual financial
      statements is in accordance with U.S. GAAP and federal, state and other
      required supplementary schedules and information.

	 	 	 
	 	(j) 	
      Attend Board and Subcommittee meetings; including being
      the lead staff on the Audit/Finance Committee.

	 	 	 
	 	(k) 	
      Monitor banking activities of the organization.

	 	 	 
	 	(l) 	
      Ensure adequate cash flow to meet the organization's
      needs.

	 	 	 
	 	(m) 	
      Investigate cost-effective benefit plans and other fringe
      benefits which the organization may offer employees and potential
      employees with the goal of attracting and retaining qualified
      individuals.

	 	 	 
	 	(n) 	
      Oversee the production of monthly reports including
      reconciliations with funders and pension plan requirements, as well as
      financial statements and cash flow projections for use by Executive
      management, as well as the Audit/Finance Committee and Board of
      Directors.

	 	 	 
	 	(o) 	
      Assist in the design, implementation, and timely
      calculations of wage incentives, commissions, and salaries for the
      staff.

	 	 	 
	 	(p) 	
      Oversee Accounts Payable and Accounts Receivable and
      ensure a disaster recovery plan is in place.

	 	 	 
	 	(q) 	
      Oversee business insurance plans and health care coverage
      analysis.

3 

	 	(r) 	
      Oversee the maintenance of the inventory of all fixed
      assets, including assets purchased with government funds (computers, etc.)
      assuring all are in accordance with federal
regulations.

3.0                    
DURATION OF AGREEMENT

3.1                    
The term of appointment and engagement of Wang shall commence on August 30, 2011
(the “Commencement Date”) and continue for an indefinite term. It is understood
and acknowledged that Wang’s base management fee shall be deemed to have been
earned as of July 28, 2011 notwithstanding the date this Agreement is entered
into.

4.0                    
REMUNERATION AND BENEFITS 
4.1
I                   
n consideration of Wang’s undertaking and performance of the obligations
contained in this Agreement, the Company will compensate Wang for his services
as follows: 

	 	(a) 	
      Base Management Fee – development period: Wang is
      required to work more than 160 hours per month during the development
      period (until at least $2 million in funding has been obtained) and will
      be entitled to $3,000.00, per month during this period;

	 	 	 
	 	(b) 	
      Base Management – post development period: After
      an aggregate of $2 million in funding is raised, the salary of Wang will
      be reviewed by the Compensation Committee of the Board of Directors. The
      Compensation Committee will recommend a revised management fee for Wang,
      but it will not be less than $150,000 per year. The revised management fee
      will come immediately upon funding.

	 	 	 
	 	(c) 	
      Benefits: Wang shall be entitled to all of the
      benefits arising from the benefit plans of the Company as they may exist
      from time to time or as revised by the Compensation Committee of the Board
      of Directors ;

	 	 	 
	 	(d) 	
      Vacation: At a time or times which are mutually
      convenient for the Company and Wang, Wang shall be entitled to five (5)
      weeks vacation during each calendar year of his engagement, of which not
      more than two weeks shall be taken at one time. Wang will be permitted to
      carry forward any unused vacation to the next year or receive compensation
      in kind;

4 

	 	(f) 	
      Bonus:

(i)            
The Compensation Committee of the Board of Directors will recommend a bonus
program for Wang. Wang will be eligible for a significant bonus depending upon
specific performance criteria for Wang and the overall financial performance of
the Company in each fiscal year. This bonus, is payable within 120 days of the
fiscal year end of the Company; and 

(ii)          
No bonus shall be payable to Wang from the date that he ceases to be actively
engaged by the Company. Specifically, Wang is not entitled to a bonus for the
year in which Wang terminates his engagement. In the event Wang’s engagement is
terminated in the absence of just cause, Wang will receive bonus payments for
the entire notice period in the amount determined by the average of the last two
bonus payments made or $100,000 where no bonus payments have been made. 

	 	(d) 	
      Expenses: The company will reimburse or pay for
      all reasonable business expenses incurred by Wang in the execution of his
      duties. This includes the expenses for airfare, accommodation and other
      business related expense. Any expense in excess of $2,500 or re-occurring
      expenses in excess of $1,000 per month will be approved by the CEO or
      CFO.

5.0                    
TERMINATION

5.1                    
This Agreement may be terminated by the Company as follows: 

	 	(a) 	
      In the absence of just cause by the Company, Wang will
      receive payments in lieu of notice, based upon the length of services Wang
      has provided the Company:

	 	Service Period 	Notice 
	 	(i)      less than
      thirty six months of service 	Eighteen (18)
      months’ notice 
	 	 	  
	 	(ii)     more than
      thirty-six months of service 	Thirty (30)
      months’ notice 

5 

	 	(b) 	
      Where the Company elects to give Wang notice of
      termination of this Agreement, in the absence of just cause, Wang may
      choose to receive payments due in either a lump sum, on a continuance
      basis or a combination of both.

	 	 	 
	 	(c) 	
      During the period of notice, Wang will not be required to
      perform the responsibilities of his position and will return to the
      Company all property in his possession that belongs to the
  Company.

	 	 	 
	 	(d) 	
      Where there is just cause for termination of the
      engagement or if Wang is in material breach of his obligations under this
      Agreement, Wang will not be entitled to notice, bonus payments or payment
      in lieu of notice of the termination of his management Services Agreement.
      The engagement of Wang shall cease upon receipt of notice that his
      services are being terminated for just cause. For the purposes of this
      Agreement, “just cause” will be defined by the common
  law.

5.2                    
In the event that there is a change in control of the company the Wang can elect
to follow one of the following options: 

	 	(i) 	
      Within 30 days of the change of control event, Wang may
      immediately terminate this agreement and sign a new agreement with the
      controlling entity;

	 	 	 
	 	(ii) 	
      If Wang does not sign a new agreement with the
      controlling entity, the controlling entity will proved Wang a cash payment
      equal to 1.5 times his annual salary at the time of the change of control
      event. This payment must be made within 60 days of the change of control
      event.

5.3                    
This Agreement may be terminated by Wang with 2 months written notice to the
Company. The Company may waive this notice requirement by written notice. 

6 

6.0                    
CONFIDENTIAL INFORMATION AND PROPERTY

6.1                    
Wang acknowledges that as the Chief Financial Officer and in any other position
the Wang may hold, a relationship of confidence, trust and fiduciary obligation
is created between Wang and the Company, and Wang will acquire information about
certain matters and things which are confidential to the Company, and which
information is the exclusive property of the Company including: 

	 	(a) 	
      financial statements, financial books and records,
      reserve reports and estimates and other related information;

	 	 	 
	 	(b) 	
      information concerning products, pricing, sales and
      marketing policies, techniques and concepts, including costing
      information, in respect of products and services provided or to be
      provided by Wang;

	 	 	 
	 	(c) 	
      lists of present and prospective clients and related
      information, including names and addresses, borrowing habits and
      preferences of present and prospective clients of the Company;

	 	 	 
	 	(d) 	
      purchasing information, including the names and addresses
      of present and prospective suppliers of the Company and prices charged by
      such suppliers;

	 	 	 
	 	(e) 	
      computer systems, computer programs, data, software,
      system documentation, designs, manuals, databases;

	 	 	 
	 	(f) 	
      trade secrets; and

	 	 	 
	 	(g) 	
      any other materials or information related to the
      personnel, business operations, financing or activities of the Company
      which are not generally known to others engaged in similar businesses or
      activities.

	 	 	 
	 		
      (collectively, “Confidential
  Information”)

6.2                    
Wang acknowledges and agrees that the Confidential Information could be used to
the detriment of the Company. Accordingly, Wang agrees and undertakes not to
disclose Confidential Information to any third party either during the term of
his engagement except as may be necessary in the proper discharge of his
employment, or after the term of his engagement, however caused, except with the
written permission of the Company. 

7 

6.3                    
Wang understands and agrees that all items of any and every nature or kind
created by Wang pursuant to Wang’s employment under this Agreement or furnished
by the Company to Wang, and all equipment, automobiles, credit cards, books,
records, reports, files, manuals and any other documents and confidential
information shall remain and be considered the exclusive property of the Company
at all times, and shall be returned and shall be returned to the Company in good
condition promptly on the termination of this Agreement, for any reason.

7.0                    
NON-COMPETITION

7.1                    
Wang also acknowledges that, by reason of employment, Wang will continue to
receive the value and advantage of special training, skills and expert knowledge
and experience of and contacts with customers of the Company and other employees
of the Company who are engaged in the business of the Company. 

7.2                    
Wang further acknowledges that, in the course of employment, Wang will be
assigned duties that will give him knowledge of confidential and proprietary
information which relates to the conduct and details of the Company’s business
and which will result in irreparable harm or injury to the Company which could
not be adequately compensated by monetary damages if Wang should enter into the
employment of a business which is the same as, or competitive with, the business
of the Company, or should Wang enter into the business of the Company. 

7.3                    
Wang shall not commence, engage in, or participate in any business competitive
with the business of the Company either directly or indirectly, either as
individual or as a partner or joint venturer or as an employee, principal,
consultant, agent, shareholder, officer, director or representative for any
person, association, organization, or in any manner for a period of six months
following the termination of his employment with the Company for any reason.

7.4                    
Wang acknowledges and agrees that without prejudice to any and all other rights
of the Company, in the event of his violation of any of the covenants contained
in Sections 6 and 7, an injunction or other like remedy, including an interim
injunction, will be a reasonable and effective remedy to protect the Company’s
rights and property. 

8 

8.0                    
SUCCESSORS AND PERSONAL REPRESENTATIVES

8.1                    
This Agreement shall enure to the benefit of and be enforceable by the personal
or legal representatives, executors, administrators, successors, assigns and
heirs of the parties hereto. 

9.0                    
NOTICE

9.1                    
Any notice or other communication required or contemplated under this Agreement
to be given by one party to the other shall be delivered or mailed by prepared
registered post to the party to receive same at the undernoted address, namely:

	 	(a) 	
      To the Company:

	 		
      Xcelmobility Inc. #600 - 303 Twin Dolphins Drive, Redwood
      City, California.

	 	 	 
	 	(b) 	
      Xili (Grace) Wang:

	 		
      #706, Cyber Times Tower B, Tairan Road, Futian District,
      Shenzhen, China 518040

Any notice delivered shall be delivered personally to Wang and
shall be deemed to have been given and received on the business day next
following the date of delivery. Any notice mailed as aforesaid shall be deemed
to have been given and received on the fifth business day following the date it
is posted, provided that if between the time of mailing and actual receipt of
the notice there shall be a mail strike, slowdown or other labour dispute which
might affect delivery of the notice by mail, then the notice shall be effective
only if actually delivered. 

10.0                  
MODIFICATION/AMENDMENT

10.1                  
No provision of this Agreement may be modified, waived or discharged unless such
waiver, modification or discharge is agreed to in writing and signed by Wang and
such officer as may be specifically designated by the Board. No waiver by either
party hereto at any time of any breach by the other party hereto of, or
compliance with, any condition or provision of this Agreement to be performed by
such other party will be deemed a waiver of similar or dissimilar provisions or
conditions at the same or at any prior or subsequent time. 

9 

11.0                  
ENTIRE AGREEMENT

11.1                  
No agreements or representations, oral or otherwise, express or implied, with
respect to the subject matter hereof have been made by either party which are
not expressly set forth in this Agreement. 

12.0                  
GOVERNING LAW

12.1                  
The validity, interpretation, construction and performance of this Agreement
shall be governed in accordance with the laws of the State of Nevada. 

13.0                  
VALIDITY

13.1                  
The invalidity or unenforceability of any provision of this Agreement shall not
affect the validity or enforceability of any other provision of this Agreement,
which shall remain in full force and effect. 

14.0                  
INDEMNIFICATION

14.1                  
Wang agrees to indemnify the Company against any claims made for the collection,
withholding and payment of any personal taxes associated with the work performed
by Wang for the Company by any jurisdiction that makes a claim against Wang or
the Company. Furthermore, Wang agrees that if necessary, she will sign
additional documents that indemnify the Company against claims for taxes owed in
relation to payments made to Wang based on this Management Services Agreement.

15.0                  
SIGNATURES IN
COUNTERPARTS
15.1                  
This Agreement may be signed in counterparts, each of which shall be an
original, with the same effect as if the signatures thereto and hereto were upon
the same instrument. The parties hereto confirm that any facsimile, scanned or
emailed copy of another party's executed counterpart of this Agreement (or its
signature page thereof) will be deemed to be an executed original thereof. 

10 

                       
IN WITNESS WHEREOF the parties hereto have executed these presents the day and
year first above written. 

	The Corporate Seal of the Company, 	  
	XCELMOBILITY INC. 	  
	was hereunto affixed in the presence of: 	C/S 
	  	  
	  	  
	/s/ 	  
	Authorized Signatory 	  

	SIGNED, SEALED AND DELIVERED by 	 	 	 
	XILI (GRACE) WANG in the presence 	 	 	 
	of: 	 	 	 
	  	 	 	 
	  	 	 	 
	  	 	 	 
	Signature 	 	 	 
		 	 	/s/
  
		 	 	XILI (GRACE) WANG 
	Address: #706, Cyber Times Tower B, Tairan 	 	 	 
	Road, Futian District, Shenzhen, China 	 	 	 
	518040 	 	 	 

11XcelMobility Inc. - Exhibit 10.7 - Filed by newsfilecorp.com

 

Technical Services Agreement 

 

by and among 

     

Shenzhen CCPower Corporation 

 

Shenzhen CCPower Investment Consulting Co., Ltd. 

 

and 

 

The Shareholder of Shenzhen CCPower Corporation 

 

 

August 22, 2011 

	Technical Service
      Agreement 

Technical Services Agreement 

This Technical Services Agreement (“this Agreement”) is
entered into on August 22, 2011 by the following Parties: 

	(1) 	
      Shenzhen CCPower Corporation (hereinafter called
      “Party A”) is a limited liability company, duly incorporated in
      Shenzhen, the People’s Republic of China (“PRC”) whose legal
      address is: 706A, Block B, Tianan Cyber Times Building, Chegongmiao
      Industrial Park, Shennanxi Road, Futian District, Shenzhen.

	 	 
	(1) 	
      Shenzhen CCPower Investment Consulting Co., Ltd.
      (hereinafter referred to as “Party B”), a wholly foreign owned
      enterprise (“WFOE”) to be incorporated in Shenzhen, PRC, whose
      legal address is: Art 1109, 1st floor, Block One, .Meilinduoli
      Industrial Park, Meihua Road, Futian District, Shenzhen, PRC.

	 	 
	(3) 	
      The shareholder of Shenzhen CCPower Corporation
      (hereinafter called “Shareholder”), as
follows:

	Name of the 

      Shareholder 	Shareholding 

      Ratio % 	ID Card No. 

	Wang Xili 	10% 	420104196707150843 

(Party A, Party B and Shareholder are referred to collectively
in this Agreement as the “Parties”, and individually as “a Party”
or “each Party”.) 

WHEREAS: 

	(1) 	
      Shareholder holds 100% of equity interests of Party
    A;

	 	 
	(2) 	
      Party A’s business scope is as follows: operation of
      industrial business (detailed project to be declared); domestic commercial
      and material supply and marketing (excluding commodities subject to
      exclusive operation, control or sale); technical development of electronic
      products, computer network, software and hardware; information consultancy
      (excluding restrictive projects); import and export business (operation
      subject to import and export qualification license);

	 	 
	(3) 	
      Party B’s business scope is project investment
      consultancy, enterprise management consultancy, economic information
      consultancy; computer software and hardware technical development; goods
      and technology import and export business (excluding distribution of
      imported goods); and

	 	 
	(4) 	
      The Parties agree that Party B provides Party A with
      technical services.

NOW THEREFORE, the Parties hereby agree through friendly
negotiation as follows: 

Article 1 Definition 

1

	Technical Service
      Agreement 

	1.1 	
      “PRC” refers to the People’s Republic of China,
      for the purpose of this Agreement, excluding the Hong Kong Special
      Administrative Region, Macao Special Administrative Region and Taiwan
      Province;

	1.2 	
      “PRC Laws” refers to all PRC laws, administrative
      regulations and government rules in effect;

	1.3 	
      “RMB” refers to the legal currency within the
      PRC;

	1.4 	
      “Technical Service Fee” or “Consideration”
      refers to the consideration as defined in Article 3.1 and paid to Party B
      by Party A.

Article 2 Contents of Technical Services 

Party B shall provide to Party A the following technical
services: 

	2.1 	
      Party B shall select, purchase and update the proper
      software for finance management for Party A at Party A’s expense in
      accordance with the practical requirements for finance management, and
      Party B will conduct training on the use of such software, and provide
      relevant consultancy services.

	 	 
	2.2 	
      Party B shall select, purchase and update the proper
      software on human resource management for Party A at Party A’s expense in
      accordance with the practical requirements for human resource management,
      and Party B conduct training on the use of such software, and provide
      relevant consultancy services.

	 	 
	2.3 	
      Party B shall select, purchase and update the proper
      technology development software and operation software for the Party A’s
      technology developments and operations at Party A’s expense in accordance
      with the practical requirements for technology development and conduct
      training on the use of such software, and provide relevant consultancy
      services.

	 	 
	2.4 	
      Party B shall provide other related computer systems and
      software to Party A at Party A’s expense in accordance with the specific
      demands by Party A.

	 	 
	2.5 	
      Party B shall seek qualified network service company to
      provide services to Party A at Party A’s expense with respect to its
      application of domain name and design of website, assist Party A in
      communication with the network service company on the matters in relation
      to the domain name and website.

	 	 
	2.6 	
      Party B shall facilitate the computers, server and other
      facilities for Party A and at Party A’s expense in accordance with the
      requirements of Party A, and make periodical maintenance on aforesaid
      facilities.

	 	 
	2.7 	
      Party B shall provide research and development service to
      Party A in accordance with the request of Party A, including but not
      limited to, computer software and hardware research and development,
      testing and application.

2

	Technical Service
      Agreement 

	2.8 	
      Party B shall provide data analysis service to Party A in
      accordance with the request of Party A, including but not limited to, data
      classification and storage, data analysis and data search.

	 	 
	2.9 	
      Party B shall provide technical consulting service to
      Party A in accordance with the request of Party A, including but not
      limited, technical strategic consulting and technology development
      consulting and analysis.

	 	 
	2.10 	
      Party B shall conduct training for Party A’s technical
      staff. In the event of technical problems of Party A, e.g. hardware errors
      or hardware break-down, Party B shall designate relevant staff to work
      on-site assisting Party A to resolve such problems when necessary. Party B
      shall also be responsible for hardware maintenance service of Party A’s
      servers, computers and other technological facilities.

	 	 
	2.11 	
      Party B shall provide import and export consultancy
      service to Party A in accordance with the request of Party A, including
      but not limited, consultancy and analysis on customs declaration,
      inspection, payment of duties, application of permits and other items
      related to goods and technology import and export. Party B shall assist
      Party A in communication with relevant governmental authorities and other
      entities on the matters in relation to the goods and technology import and
      export.

Article 3 Technical Service Fee 

	3.1 	
      The Parties agree that, with respect to the services
      provided by Party B to Party A under this Agreement, Party B shall be
      entitled to charge Party A on a quarterly basis the service fee in an
      amount equivalent to a certain percentage of Party A’s total operational
      income of such quarter (the "Technical Service Fee"). Both Parties
      will confirm in writing the specific consideration based on further
      consultations following the execution of this
Agreement.

Article 4 Warranties and Undertakings by Party A 

	4.1 	
      Within the term of this Agreement, Party B shall be an
      exclusive service provider consigned by Party A to provide the services as
      set forth in Article 2 hereunder, and Party A shall not consign any
      other entities to provide Party A (including its branches and
      subsidiaries) with any services identical to or similar with those
      services provided in Article 2 hereunder.

	 	 
	4.2 	
      Party A shall provide Party B with all the information at
      the request of Party B which is necessary for Party B to provide the
      services as set forth in Article 2 hereunder, and shall be responsible for the authenticity
  and efficiency of such information.

3

	Technical Service
      Agreement 

	4.3 	
      Party A shall fully cooperate with Party B, and provide
      assistance and convenience to Party B for its on-site working, and shall
      not hinder Party B in providing services as set forth in Article 2
      hereunder.

	 	 
	4.4 	
      Party A shall promptly make full payment of the Technical
      Services Fee, if any, to Party B in accordance with the provisions
      hereunder.

	 	 
	4.5 	
      Without the prior written consent by Party B, Party A
      shall not take any action that would materially affect Party B’s rights
      and interests hereunder.

Article 5 Warranties and Undertakings by Party B 

	5.1 	
      Party B shall take full advantage of its capacity and
      resources to provide the services as stipulated in Article 2
      hereunder.

	 	 
	5.2 	
      Party B shall timely update and improve the technical
      services in accordance with the actual condition and reasonable demands of
      Party A.

	 	 
	5.3 	
      Party B shall accept any reasonable suggestions regarding
      hardware, software and staff training from Party A during the course of
      providing services to Party A.

Article 6 Guaranty 

To secure the performance of the obligations assumed by Party A
hereunder, Shareholder agree to pledge all of her equity interests in Party A to
Party B, and the Parties agree to execute the Equity Pledge Agreement with
respect thereto. 

Article 7 Taxes and Expenses 

The Parties shall pay, in accordance with relevant PRC laws and
regulations, their respective taxes and fees arising from the execution and
performance of this Agreement. 

Article 8 Assignment of the Agreement 

	8.1 	
      Party A shall not transfer part or all of its rights and
      obligations under this Agreement to any third party without the prior
      written consent of Party B.

	 	 
	8.2 	
      The Parties agree that Party B shall be entitled to
      transfer, at its own discretion, any or all of its rights and obligations
      under this Agreement to any third party upon a five (5)–day written notice to
Party A.  

4

 

	Technical Service
      Agreement 

Article 9 Liability of Breach 

	9.1 	
      If Party A fails to duly pay the Technical Services Fee
      in accordance with the provisions of Article 3 hereunder, then
      Party A shall pay the liquidated damage amount per day equal to 0.03% of
      the unpaid consideration which falls due; if any delay of payment amounts
      to ten(10) days, then Party B shall be entitled to exercise the right of
      pledge under the Equity Pledge Agreement.

	 	 
	9.2 	
      If Party A violates its representations and warranties
      hereunder and fails to redress such violation within ten (10) days upon
      receipt of written notice from Party B, Party B shall be entitled to
      exercise the right of pledge under the Equity Pledge Agreement.

	 	 
	9.3 	
      If Party B does not fully perform its obligations and
      duties under this Agreement, or is otherwise in default of any of its
      representations and warranties hereunder, Party A shall be entitled to
      request Party B to redress its default.

Article 10 Effectiveness, Modification and Cancellation

	10.1 	
      This Agreement shall take effect on the day of execution
      hereof, and the valid term hereof shall expire upon the day of completion
      of the acquisition of the assets or the equity of Party A by Party B or
      its designated third party.

	 	 
	10.2 	
      The modification of this Agreement shall not be effective
      unless a written modification is signed by the Parties.

	 	 
	10.3 	
      This Agreement shall not be terminated or canceled unless
      a written agreement is signed by the Parties, provided that Party B may,
      by giving a thirty (30)- day prior notice to the other Parties hereto,
      terminate this Agreement.

Article 11 Confidentiality 

	11.1 	
      The negotiation, execution and articles of this Agreement
      and any information, documents, data and all other materials (herein
      “Confidential Information”) arising out of the implementation of
      this Agreement, shall be kept strictly confidential by the Parties.
      Without the written approval by the other Parties, none of the Parties
      shall disclose any Confidential Information to any third party, but the
      following shall not be considered to be “Confidential
  Information”:

	 	 	 
		(1) 	
      The materials that are known by the general public (but
      not including the materials disclosed by a Party receiving the materials
      in breach of this Agreement); or

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	 	(2) 	
      The materials required to be disclosed subject to the
      applicable laws or the rules or provisions of any stock
  exchange.

		
      The materials disclosed by each Party to its legal or
      financial consultants relating the transactions under this Agreement,
      provided the legal or financial consultants shall comply with the
      confidentiality provisions set forth in this Section. The disclosure of
      the Confidential Information by staff, employed institution, or
      consultants of any Party shall be deemed as the disclosure of such
      Confidential Information by such Party, and such Party shall bear the
      liabilities for breaching the contract.

	 	 
	11.2 	
      If this Agreement is terminated or becomes invalid or
      unenforceable, the validity and enforceability of this Article shall not
      be affected or impaired.

Article 12 Force Majeure 

	12.1 	
      “Force Majeure” refers that any event that could
      not be foreseen, and could not be avoided and overcome, which includes
      among other things, but without limitation, acts of nature (such as
      earthquake, flood or fire), government acts, strikes or riots;.

	 	 
	12.2 	
      If an event of Force Majeure occurs, any of the Parties
      who is prevented from performing its obligations under this Agreement by
      an event of Force Majeure shall notify the other Party without delay and
      within fifteen (15) days of the event provide detailed information about
      and notarized documents evidencing the event, shall take appropriate means
      to minimize or remove the negative effects of Force Majeure on the other
      Party and shall not assume the liabilities for breaching this Agreement.
      While the Force Majeure is continuing, the Party alleging breach may
      suspend her performance. The Parties shall keep on performing this
      Agreement after the event of Force Majeure
disappears.

Article 13 Governing Law and Dispute Resolution 

	13.1 	
      The effectiveness, interpretation, implementation and
      dispute-resolution related to this Agreement shall be governed under PRC
      Laws.

	 	 
	13.2 	
      Any dispute arising out of this Agreement shall be
      resolved by the Parties through friendly negotiation. If the Parties could
      not reach an agreement within thirty (30) days since the dispute is
      brought forward, either Party may submit the dispute to China
      International Economic and Trade Arbitration Commission in Beijing for
      arbitration under its applicable rules. The arbitration should be held in
      English. The arbitration award should be final and binding upon the
      Parties.

	 	 
	13.3 	
      During the process of dispute-resolution, the Parties
      shall continue to perform other terms under this Agreement,
except for provision of dispute resolution.  

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      Agreement 

Article 14 Miscellaneous 

	14.1 	
      The Parties acknowledge that this Agreement constitutes
      the entire agreement of the Parties with respect to the subject matters
      therein and supersedes and replaces all prior or contemporaneous oral or
      written agreements and understandings.

	 	 
	14.2 	
      This Agreement shall bind and benefit the successor of
      each Party and the transferee permitted hereunder with the same rights and
      obligations as if the original parties hereof.

	 	 
	14.3 	
      Any notice required to be given or delivered to the
      Parties hereunder shall be in writing and delivered to the address as
      indicated below or such other address or as such party may designate, in
      writing, from time to time. All notices shall be deemed to have been given
      or delivered upon by personal delivery, fax and registered air mail. It
      shall be deemed to be delivered upon: (1) registered air mail: five (5)
      business days after deposit in the mail; (2) personal delivery or fax: two
      (2) business days after transmission. If the notice is delivered by fax,
      it should be confirmed by original through registered air mail or personal
      delivery:

Party A 
Contact person:
Wang Xili 
Address: 706A, Block B, Tianan Cyber Times Building, Chegongmiao

Industrial Park, Shennanxi Road, Futian District, Shenzhen 
Postal Code:
518040 
Tel: 0755-8348-7858 
Fax: 0755-8348-7881 

Party B 
Contact person:
Renyan GE 
Address: Art 1109, 1st floor, Block One, .Meilinduoli
Industrial Park, 
Meihua Road, Futian District, Shenzhen, PRC 
Postal
Code: 518049 
Tel: 136-3266-8228 

	14.4 	
      If any provision of this Agreement shall be invalid,
      illegal or unenforceable, the validity, legality and enforceability of the
      remaining portions shall not in any way be affected or impaired thereby.
      In such event, the Parties shall use best efforts to negotiate, in good
      faith, a substitute, valid and enforceable provision or agreement which
      effects the parties original intention to the largest extent.

	 	 
	14.5 	
      This Agreement is executed in three (3) copies with each
      party holding one copy, and each of the copies shall be equally valid and
      authentic.

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      Agreement 

IN WITNESS WHEREOF, the Parties hereto have caused this
  Agreement to be executed and delivered as of the date as written above.

Party A 

Shenzhen CCPower Corporation 

Legal Representative: Wang Xili 

Signature & Seal: /s/ Wang
Xili                                               
 

 

Party B 

Shenzhen CCPower Investment Consulting Co., Ltd. 

Legal Representative: Renyan GE 

Signature & Seal: /s/ Renyan
Ge                                              

 

The Shareholder of Shenzhen CCPower Corporation 

Wang Xili: /s/ Wang
Xili                                                         
 

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