Document:

Exhibit 10.4

 

Contract No.: (2014) SYHZZ No. 0007

 

Comprehensive Credit Granting Contract

(Applicable to the business of group clients)

 

CHINA CITIC BANK

 

SHENZHEN BRANCH

 

    	 

    	 

    

 

Filling Explanation

 

1. This Contract shall be signed with a
black blue or black gel pen or an ink pen.

 

2. This Contract shall be filled in completely,
legibly and neatly.

 

3. The monetary currency shall be filled
in Chinese characters instead of currency symbol. The monetary amount shall have the Chinese currency name before the amount in
words and the currency symbol before the amount in figures.

 

4. Blanks in the withdrawal plan and the
repayment plan may be deleted with a cross line, affixed with the seal “Blank below” or filled with the characters
"Blank below”. Other blanks without essential contents may be deleted with “/”.

 

    	 

    	 

    

 

Comprehensive Credit Granting Contract

(Applicable to the business of group clients)

 

Credit Receiver
1: Shenzhen Highpower Technology Co., Ltd.

(hereinafter referred to as the Credit
Receiver 1 or Party A 1)

Domicile: Building A2, Luoshan Industrial
Park, Shanxia, Pinghu Town, Longgang District, Shenzhen City

P. C.: 518000

Tel.: 0755-89686802

Fax: 0755-89686819

Legal Representative: Pan Dangyu

Opening Bank and Account No.: China Citic
Bank, Henggang Branch

 

Credit Receiver
2: Springpower Technology (Shenzhen) Co., Ltd.

(hereinafter
referred to as the Credit Receiver 2 or Party A 2)

Domicile: Workshop Building A, Shunchao
Industrial Zone, Renmin Road, Fumin, Guanlan Street, Bao’an District, Shenzhen City

P. C.: 518000

Tel.: 0755-89686802

Fax:

Legal Representative: Pan Dangyu

Opening Bank and Account No.: China Citic
Bank, Henggang Branch

 

    	 

    	 

    

 

Party A 1 and Party A 2 are hereinafter
referred to collectively as Party A.

 

Credit Grantor: CHINA CITIC BANK CORPORATION
LIMITED SHENZHEN BRANCH (hereinafter referred to as Party B)

 

Domicile: Phase 2, Zhuoyue Times Square,
Third Fuhua Road, Futian District, Shenzhen City

P. C.: 518031

Tel.: 0755-28633966

Fax: 0755-28632766

Legal Representative/Principal): Chen Xuying

 

Place of Signature: Futian District, Shenzhen
City

Date of Signature:                         ,
2014

 

In accordance with the Commercial Banking
Law of the People’s Republic of China, the Contract Law of the People’s Republic of China, the Guidelines
on the Risk Management of Credits Granted by Commercial Banks to Group Clients and other relevant laws and regulations, and
on the principles of good faith, honesty, equality and willingness, Party A and Party B conclude this Contract upon consensus through
consultation.

 

Article 1 Definitions

 

The following terms referred to herein
shall be defined as follows, unless otherwise specified in the context:

 

    	 

    	 

    

 

The term “comprehensive credit”
means the following one or several business types that Party B grants to Party A: RMB or foreign loans for working capital, issuance
of bank acceptance bills, discount of bills, issuance of letters of credit, packing loans, inward documentary bills, outward documentary
bills, issuance of letters of guarantee or other credit business types accepted by Party B.

 

The term “comprehensive credit line”
means the maximum amount of the credit balance that Party B grants to Party A.

 

The term “credit balance” means
the sum of balances of principles of outstanding debts produced from Party A’s application for use of a comprehensive credit
line under this Contract. Under the business of issuance of bank acceptance bills, it means the sum of amounts of drafts opened
and unpaid by Party B hereunder; under the business of issuance of letters of credit, it means the sum of amounts of the letters
of credit opened and unpaid by Party B hereunder; under the business of issuance of letters of guarantee, it means the sum of amounts
of the letter of guarantee opened and unpaid by Party B hereunder.

 

Article 2 Comprehensive credit line and
type

 

2.1 The comprehensive credit line that
Party A may apply Party B for use within the service life of the comprehensive credit line specified herein is:

 

    	 

    	 

    

 

Currency RMB (in words) Forty-five
Million Yuan Only, (in figures) ¥45,000,000.00 

 

2.2 The comprehensive credit line hereunder
may be used in the following one or several business types: loans, acceptance of bills, discount of bills, issuance of letters
of credit, packing loans, inward documentary bills, outward documentary bills, issuance of letters of guarantee or other credit
business types accepted by Party B.

 

2.3 The specific business type,
line, term and purpose of the said comprehensive credit line applied by Party A shall accord with the stipulations of the specific
business contract made and entered into by and between Party A and Party B hereunder. Party B shall perform the obligation of release
of loans and other related obligations only according to the stipulations of the specific business contract concluded by Party
A and Party B hereunder.

 

Article 3 Use of the comprehensive credit
line

 

3.1 The service life of the comprehensive
credit line specified herein is one year from  , 2014 to  , 2015.

 

3.2 Within the service life and
the comprehensive credit line specified herein, Party A may apply Party B in writing for using the comprehensive credit line once
or several times.

 

    	 

    	 

    

 

When Party A applies for using
the comprehensive credit line, the written application shall indicate the credit type, term and amount to be used. If Party B through
examination thinks Party A complying with the credit conditions and the stipulations of this Contract, Party B shall conclude a
specific business contract with Party A or other statutory documents accredited by Party B.

 

3.3 The credit balance used by Party A
shall not exceed the comprehensive credit line at any time within the service life of the comprehensive credit line. Party B agrees
to take the following (1) to handle the comprehensive credit line repaid by Party A within the service life of the comprehensive
credit line. The comprehensive credit line not used within the service life of the comprehensive credit line shall be automatically
cancelled when the service life expires.

 

(1) It may be recycled. In other words,
under the comprehensive credit line specified in Article 2 herein, for Party A’s debts repaid within the service life of
the said comprehensive credit line, Party B may grant recovering corresponding line to Party A and Party A may reuse the line within
the service life of the comprehensive credit line;

 

(2) It may not be recycled. In other words,
under the comprehensive credit line specified in Article 2 herein, for Party A’s debts repaid within the service life of
the said comprehensive credit line, Party B may not grant recovering corresponding line to Party A and Party A may not reuse the
line within the service life of the comprehensive credit line;

 

    	 

    	 

    

 

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

 

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

 

3.6 If Party A’s application for
use of a credit line complies with the credit conditions and the stipulations of this Contract through Party B’s examination,
Party A and Party B shall conclude and execute the specific business contract.

 

Article 4 Party A’s representations
and warranties

 

4.1 Party A is a Chinese legal person or
other organization established under the laws of the People’s Republic of China, has the capacity for civil rights and civil
conducts required for signing and executing this Contract and is able to bear civil liabilities independently. Meanwhile, Party
A has obtained all required and legitimate internal and external approvals and authorizations for signing this Contract.

 

    	 

    	 

    

 

4.2 Party A shall ensure to use the credit
line according to the provisions of laws and regulations and the stipulations of this Contract and the specific business contract
and shall, according to Party B’s requirements, coordinate Party B’s inspection on the execution of the relevant specific
business contract.

 

4.3 Party A shall ensure to timely submit
genuine financial statements and other materials reflecting the enterprise’s production and operation conditions according
to Party B’s requirements within the service life of the comprehensive credit line. Party A shall ensure that the materials,
documents, data and information provided are genuine, accurate, complete, legitimate and effective.

 

4.4 Party A shall ensure to conduct production
and operation activities by law within the service life of the comprehensive credit line, and take effective actions to prevent
occurrence of the events which endanger or damage, or may endanger or damage Party B’s rights and interests.

 

Article 5 Party A’s rights and obligations

 

5.1 Party A shall notify Party B in writing
of its any major change of operation decisions during the service life of the comprehensive credit line at least thirty days in
advance. Such change shall include but not be limited to transfer of equity, reorganization, merger, division, shareholding reform,
joint venture, cooperation, joint cooperation, contracting and lease, business scope and registered capital, and other changes
which may affect Party B’s rights and interests. Meanwhile, Party A shall fulfill the responsibility of repayment of debts
hereunder or prepayment of debts upon Party B’s written consent or provide a security approved by Party B.

 

    	 

    	 

    

 

5.2 If Party A disposes its all or the
major part of its material assets or business revenues by means of transfer, lease or establishment of guarantee for debts other
than the debts hereunder, Party A shall notify Party B in writing at least thirty days in advance and obtain Party B’s prior
written consent.

 

5.3 In case of any event which has adverse
impact on performance of the debts hereunder, including but not limited to Party A’s involvement of litigation, arbitration,
criminal investigation, administrative punishment, shutdown, out of business, dissolution, announced bankruptcy, business license
revoked, canceled and deterioration of financial status, Party A shall notify Party B in writing within three days after occurrence
or possible occurrence of the said event and take effective actions to protect the creditor’s rights of Party B.

 

5.4 Party A shall provide a new security
approved by Party B if the guarantor has any one of the following situations, including but not limited to shutdown, out of business,
announced bankruptcy, dissolution, business license revoked, loss of business, wholly or partly loss of corresponding guarantee
capacity hereunder, or the value of the mortgaged property, pledged property or pledge right guaranteed hereunder is reduced.

 

    	 

    	 

    

 

5.5 Without Party B’s written consent,
Party A shall not transfer in whole or in part its debts hereunder to a third party.

 

5.6 Party A shall ensure to repay the credit
principal and interest on time and pay the expenses payable on time. With respect to the funds due, payable and unpaid by Party
A under this Contract and a specific business contract, including but not limited to loan principal, interest, default interest
and other expenses payable, Party B is entitle to deduct from Party A’s any account opened with Party B and Party B’s
any branch without obtaining Party A’s prior consent. If the currency in the account is different from the business currency
when Party B makes deduction automatically according to the stipulations of this Contract and a specific business contract, conversion
shall be made at the exchange rate issued by Party B on the date of settlement.

 

5.7 In case of change of Party A’s
legal person name, legal representative, project principal, domicile, telephone number or fax number within the service life of
the comprehensive credit line, Party A shall notify Party B in writing within seven days after such change.

 

5.8 Party A shall provide Party B with
the information of the group members, including name, legal representative, actual controller, place of registration, registered
capital, main business, equity structure, senior management personnel, financial status, items of material assets, guarantee situations
and important litigation situations. Party A shall ensure the information genuine, accurate, complete, legitimate and effective.
In case of change of the said information and data of the group members, Party A shall notify Party B in writing within three days
after such change.

 

    	 

    	 

    

 

5.9 Party A shall give a written report
to Party B timely about the situations of the affiliated transaction accounting for over 10% (inclusive) of Party A’s net
assets which has already occurred or will occur, including but not limited to affiliated relations amongst transaction parties,
transaction project, transaction nature, transaction amount or corresponding proportion and pricing policy (including the transaction
without an amount or with a symbolic amount).

 

5.10. Party A shall not conclude any contract
with any a third party which may damage Party B’s rights and interests under this Contract and a specific business contract.

 

Article 6 Party B’s rights and obligations

 

6.1 Party B is entitled to, according to
relevant management regulations and credit examination and approval procedures of China Citic Bank, decide whether to conclude
a specific business contract with Party A and check and supervise the execution situations of the specific business contract at
any time.

 

    	 

    	 

    

 

6.2 If Party A’s application for
use of a credit line complies with the credit conditions and the stipulations of this Contract through Party B’s examination,
Party A and Party B shall conclude and execute the specific business contract.

 

6.3 Party B’s failure to exercise
or delay in exercising its any right specified in this Agreement or a specific business contract shall not be deemed as Party B’s
waiver of such right nor constitute any barrier for Party B to exercise the right at any time.

 

6.4 Party B shall keep confidential Party
A’s materials, documents and information provided by Party A, unless otherwise required for inquiry or disclosure by laws
and regulations.

 

Article 7 Guarantee

 

7.1 In order to ensure repayment of the
creditor’s rights produced herein, the guarantee method of the following (1) is adopted:

 

(1) The Maximum Guarantee Contract of
2014 SYHEBZ No. 0005, 2014 SYHZBZ No. 0004, 2014 SYHEBZ No. 0005 and 2014 SYHZBZ No. 0006 made and entered into by and between
the guarantor Pan Dangyu, Springpower Technology (Shenzhen) Co., Ltd., Shenzhen Highpower Technology Co., Ltd. and Huizhou Highpower
Technology Co., Ltd. and Party B;

 

    	 

    	 

    

 

(2) The Maximum Guarantee Contract of
               /            made and entered into by and between the mortgagor  / and Party B;

 

(3) The Maximum Movable Property Pledge
Contract of               /           
made and entered into by and between the pledgor  / and Party B;

 

(4) The Maximum Right Pledge Contract
of               /           
made and entered into by and between the pledgor  / and Party B;

 

(5) Other guarantee methods                /           
.

 

7.2 When Party A and Party B conclude a
specific business contract hereunder, Party B shall have the right to demand Party A to provide security other than the security
specified herein.

 

Article 8 Liability for breach of contract

 

8.1 Party A and Party B shall strictly
perform the stipulations of this Contract and the specific business contract. If one party fails to partly or wholly perform its
obligations specified herein, the party shall bear relevant liability for breach of contract and make compensation for losses caused
to the other party.

 

8.2 During the execution process of this
Contract, Party A shall be deemed having an event of default under any one of the following circumstances:

 

    	 

    	 

    

 

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

 

8.2.2 Party A does not perform any one
obligation specified herein;

 

8.2.3 The documents in connection with
this Contract that Party A submits to Party B and Party A’s representations and warranties given in Article 4 herein are
proved untrue, inaccurate, incomplete or misleading;

 

8.2.4 Party A stops repayment of its debts
due, or is unable to or shows inability to repay its debts;

 

8.2.5 Party A goes into shutdown, out of
business, announced bankruptcy, dissolution, business license revoked or cancelled, or there is any litigation, arbitration, or
criminal or administrative sanction which causes adverse consequences for Party A’s operation or property conditions, which
may affect or damage or has affected or damaged Party B’s rights and interests hereunder that Party B thinks;

 

8.2.6 Party A’s domicile, business
scope, legal representative, or industrial and commercial registered item is changed, or Party A has serious external investment,
which seriously affects or threatens the realization of the creditor’s rights of Party B;

 

8.2.7 Party A suffers from major financial
loss, asset loss, there is asset loss or other financial crisis arising from Party A’s external guarantee, which may affect
or damage or has affected or damaged Party B’s rights and interests hereunder that Party B thinks;

 

    	 

    	 

    

 

8.2.8 Party A changes the credit purpose
at random;

 

8.2.9 Party A’s controlling shareholder
and other affiliated company suffers from major crisis in operation or finance, or there is any major affiliated transaction between
Party A and its controlling shareholder and other affiliated company, which affects Party A’s normal operation;

 

8.2.10 There is adverse change to the industry
where Party A is located, which seriously affects or threatens the realization of the creditor’s rights of Party B;

 

8.2.11 Party A’s senior management
personnel are suspected of a significant corruption, bribery, fraud or illegal business case, which may affect or damage or has
affected or damaged Party B’s rights and interests hereunder that Party B thinks;

 

8.2.12 Party A has any other breach for
any other creditor, which affects the realization of the creditor’s rights of Party B;

 

8.2.13 Party A’s guarantor violates
the guarantee contract or has any event of default under a guarantee contract, and Party A fails to provide a new security according
to Party B’s requirements;

 

8.2.14 The mortgaged or pledged property
hereunder is sealed, detained, reported loss, stopped payment or taken other compulsory measures, or has ownership dispute, suffers
from or may suffer from any infringement from a third party, or its safety or soundness status is or will be adversely affected,
and Party A fails to provide a new security according to Party B’s requirements;

 

    	 

    	 

    

 

8.2.15 Party A uses a false contract with
an affiliated party to discount or pledge on the basis of bill receivable and accounts receivable without real trade background
to take Party B's capital or credit;

 

8.2.16 Party A refuses to accept Party
B’s supervision and inspection on the execution situations of the specific business contract and relevant operation and financial
activities;

 

8.2.17 Party A has escaped or attempts
to escape its debts owing Party B through affiliated transactions;

 

8.2.18 Party A has other event which may
affect or damage or has affected or damaged Party B’s rights and interests hereunder that Party B thinks;

 

8.3 Under any one of the circumstances
specified in sub-clause 8.2 of this Contract, Party B shall have the right to exercise one or several of the following measures,
to which Party A shall have no objection:

 

8.3.1 To adjust, cancel or terminate the
comprehensive credit line hereunder, or to adjust the service life of the line;

 

8.3.2 To stop release of the comprehensive
credit line hereunder; to announce immediate maturity of all or part of the debts hereunder; to demand Party A to immediately repay
all or part of the credit line used;

 

    	 

    	 

    

 

8.3.3 To demand Party A to add security
or take other measures to ensure Party B’s lawful rights and interests not infringed;

 

8.3.4 To exercise the right of guarantee;

 

8.3.5 According to the stipulations of
this Contract, to make deduction directly from Party A’s any account opened with Party B or Party B’s branch for repaying
its all debts (including the debts that Party B requires prepayment) under this Contract and the specific business contract, without
obtaining Party A’s prior consent.

 

8.4 The expenses for realization of the
creditor’s rights by Party B (including but not limited to litigation cost, business traveling expenses, property preservation
cost, notarization fee, certification fee, translation fee, and evaluation and auction expenses) shall be borne by Party A.

 

Article 9 Contract effectiveness, change
and termination

 

9.1 This Contract shall come into force
when Party A’s legal representative or authorized agent and Party B’s legal representative, or principal or authorized
agent give their signatures (or affix their seals) and affix their official seals or special contract seals. However, Party B shall
have no obligation for allowing Party A to use any financing limit before Party A and its guarantor concludes a guarantee contract
according to Party B’s requirements and the guarantee right under the guarantee contract becomes effective by law.

 

    	 

    	 

    

 

9.2 When the Contract comes into force,
Party A and Party B shall not change or cancel this Contract in advance at random. Should the Contract be changed or cancelled,
a written agreement shall be reached and concluded upon unanimity through consultation.

 

Article 10 Dispute settlement

 

10.1 Any and all disputes arising from
and in connection with the execution of this Contract shall be settled through consultation between both parties. Where consultation
fails, both parties agree to take the following (2) for dispute settlement:

 

(1) to apply the  /  Arbitration
Committee for arbitration.

 

(2) To initiate a lawsuit in the people’s
court at the location where Party B is located;

 

Article 11 Supplementary provisions

 

11.1 Any notice and document that Party
A or Party B gives to the other party by telegram or fax shall be deemed served once it is sent; if sent by postage method, it
shall be deemed served three days after it is posted.

 

11.2 Other provisions agreed by both parties:

 

The line that Springpower Technology
(Shenzhen) Co., Ltd. may use shall not exceed RMB ten million Yuan, and at the same time, the line commonly used by Shenzhen Highpower
Technology Co., Ltd. and Springpower Technology (Shenzhen) Co., Ltd. shall not exceed RMB forty-five million Yuan. 

 

    	 

    	 

    

 

Where there is any stipulation in the specific
business contract, the contents specified in the specific business contract shall prevail. The specific business contract and annex(s)
thereof signed by Party A and Party B for each credit granting business of this Contract shall be deemed as an integral part of
this Contract and constitute this Contract as a whole.

 

11.3 For matters not provided herein, Party
A and Party B may reach a written agreement as an annex to this Contract. Any annex, amendment or supplementation of this Contract
shall be deemed as an integral part of this Contract and shall have the same legal force as this Contract.

 

11.4 This Contract has been made out in
three originals for Party A and Party B each holding one.

 

11.5 Party B has take reasonable measures
to remind Party A to pay attention to the clauses of exempting or restricting its responsibilities and, according to Party A’s
requirements, has given full explanation of relevant clauses. Party A and Party B have no objection to the understanding of the
contents of all clauses of this Contract.

 

Party A 1 (Official Seal or Special Contract
Seal): Party B (Official Seal or Special Contract Seal):

 

    	 

    	 

    

 

	Legal Representative:	Legal
	Representative/Principal:	 
	(or Authorized Agent)	(or Authorized Agent)

 

Party A 2 (Official Seal or Special Contract
Seal):

 

Legal Representative:

(or Authorized Agent)

 

Supplementary Agreement

 

Party A 1: Shenzhen Highpower Technology
Co., Ltd.

Party A 2: Springpower Technology (Shenzhen)
Co., Ltd.

 

Party B: CHINA CITIC BANK CORPORATION LIMITED
SHENZHEN BRANCH

 

Party A 1 and Party A 2 are hereinafter
referred to collectively as Party A.

 

    	 

    	 

    

 

On the basis of friendly consultation,
Party A and Party B reach the following supplementary agreement on the Comprehensive Credit Granting Contract of 2014 SYHZZ
No. 0007 concluded by and between both parties dated                   
:

 

1. Party A and Party B hereby confirm that
the term “credit balance” specified in Article 1 of the Comprehensive Credit Granting Contract means the sum
of balances of principles of outstanding debts produced from Party A’s application for use of a comprehensive credit line
under this Contract. Under the business of issuance of bank acceptance bills, it means the sum of amounts of drafts opened and
unpaid by Party B hereunder after deducting the deposit under the bank acceptance bills; under the business of issuance of letters
of credit, it means the sum of amounts of letters of credit opened and unpaid by Party B hereunder after deducting the deposit
under letter of credit; under the business of issuance of letters of guarantee, it means the sum of amounts secured under the letter
of guarantee opened and unpaid by Party B hereunder after deducting the deposit under the letter of guarantee.

 

2. Party A and Party B agree to make management
according to “exposure" line. Therefore, sub-clause 3.3 of the Comprehensive Credit Granting Contract is cancelled.

 

3. In case of discrepancy between the Supplementary
Agreement and Article 1 of the Comprehensive Credit Granting Contract, this Agreement shall prevail.

 

4. This Agreement is a supplementary agreement
to the Comprehensive Credit Granting Contract and shall have the same equal legal force as the Comprehensive Credit Granting
Contract.

 

5. This Agreement has been made out in
three originals for Party A and Party B each holding one, which shall be equally authentic.

 

	Party A 1 (Seal):	Party B (Seal):

 

	Legal Representative / Authorized Agent (Signature/Seal)	Legal
	Representative / Authorized Agent (Signature/Seal)	 

 

	Date:	Date:

 

	Party A 2 (Seal):	Party A 3 (Seal):

 

	Legal Representative / Authorized Agent (Signature/Seal)	Legal
	Representative / Authorized Agent (Signature/Seal)	 

 

	Date:	Date:Exhibit 10.4(a)

 

Contract No.: 2014 Shen Yin Heng Zui
Bao Zi No. 0004

 

Guaranty Contract of Maximum Amount

 

(Version 1.0, 2013)

 

 

 

    	 

    	 

    

  

INSTRUCTIONS FOR COMPLETION

 

I. Use ONLY BLUE
BLACK or BLACK SIGN PEN or PEN for filling the Contract

 

II. . Fill all the
details completely, legibly, and neatly.

 

III. Fill the currency
in Chinese. No currency symbol is allowed. Chinese currency name should be added before the capitalized amount and currency symbol
before amount in figures.

 

IV. Draw a line or
slash for and fill in the blanks with extra space. Stamp the seal of or fill in “blank below”.

 

    	 

    	 

    

 

Guaranty Contract
of Maximum Amount

 

	Guarantor	 	Springpower Science &
    Technology (Shenzhen) (“Party A”) Co., Ltd 	 	

 

	(for authority)	 	 	 	(for individual)
	 	 	 	 	 
	Address;	 	A-plant, Chaoshun Indistrial Park, Renmin Road, Fumin Community, Guanlan Street, Bao’an District, Shenzhen City 	 	Type of certificate 
	 	 	 	 	 
	P.O.:	 	518000	 	Certificate No.: 
	 	 	 	 	 
	Contact by:	 	 	 	Address; 
	 	 	 	 	 
	Tel:	 	89686802	 	P.O.: 
	 	 	 	 	 
	Fax:	 	 	 	Employer: 
	 	 	 	 	 
	Email:	 	 	 	Tel: 
	 	 	 	 	 
	Legal representative:	 	Pan Dangyu	 	Email:

 

Opening bank and account:

 

	Creditor:	 	China CITIC Bank Corporation Limited(“Party B”) Shenzhen Branch	 	
	 	 	 	 	 
	Address;	 	Block North, 2nd Phase, Times Square Excellence, Zhong Xin San Road, Futan District, Shenzhen City 	 	 
	 	 	 	 	 
	P.O.:	 	518031	 	 
	 	 	 	 	 
	Contact by:	 	 	 	 
	 	 	 	 	 
	Tel:	 	0755-25941266	 	 
	 	 	 	 	 
	Fax:	 	 	 	 
	 	 	 	 	 
	Email:	 	 	 	 
	 	 	 	 	 
	Legal representative/principle:	 	Chen Xuying 	 	 

 

	At:	 	 
	Date:	 	 

 

    	 

    	 

    

 

In order to ensure the
implementation of the creditor's rights, successively occurrence in a certain period of time, between Party B and Huizhou Haopeng
Science & Technology Co., Ltd (“the debtor to the principal contract”) and to guaranty the realization of the
creditor's rights of Party B, Party A is willing to provide the maximum guaranty to the creditor for his implementation of the
liabilities. Party B agrees to accept such maximum guaranty provided by Party A. Therefore, this Contract is made in accordance
with the Contract Law of the People's Republic of China, the Security Law of the People's Republic of China, and
other relevant laws and regulations on the basis of the principles of equal consultation for specifying the rights and obligations
between Party A and Party B:

 

Article 1 Definitions

 

1.1 The maximum guaranty
refers to Party A provide guaranty to Party B against the debtor to the principal contract in the creditor's rights, successively
occurrence in a certain period of time, with the designated maximum debt subscribed in the contract. In the event of the occurrence
of the guaranty responsibility that borne by Part A regulated in this contract, Party B is entitled to request Party A to undertake
such liability subject to the agreed amount.

 

Article 2 Creditor’s
right of the principal contract and the guaranty

 

2.1 Subject to the time
limit prescribed in Article 2.2 in this contract, a series of contracts, agreements and other legal documents regarding to the
relations of creditor’s rights and debt obligation signed between Party B and the debtor to the principal contract constitute
the principal contract of this contract (“principal contract”).

 

2.2 The creditor’s
rights of which hold by Party A under this contract refers to the series of creditor’s rights owned by Party B according
to the principal contract signed with the debtor to the principal contract from        
(day)         (month), 2014 to        
(day)         (month), 2015.

 

    	 

    	 

    

  

Where Party B is responsible
for providing the debtor to the principal contract with the following specific businesses, including bill, letter of credit, letter
of guaranty, commercial acceptance bill (including the debtor to the principal contract is the acceptor and holder, etc) or other
contingent liabilities business, Party A shall irrevocably promise and guaranty that all the creditor’s rights which held
by Party B based on the businesses will be recorded in the scope of guaranteed under this agreement when one of the above mentioned
business corresponding contract signing days, the open days or expiration days of the bills, letter of credit, and letter of guaranty
or the actual days of money advances of Party B, and the days of performing the liability for guaranty is occurred within the designated
period in this paragraph. Herewith, Party A is willing to undertake the corresponding liability to guaranty.

 

Where Party B provides
the debtor to the principal contract with the factoring business, as the specific business, Party A shall irrevocably promise and
guaranty that all the creditor’s rights which held by Party B based on the businesses will be recorded in the scope of guaranteed
under this agreement as long as the above mentioned factoring business corresponding contract signing day or the repurchase implementing
day is occurred within the designated period in this paragraph. Herewith, Party A is willing to undertake the corresponding liability
to guaranty.

 

2.3 The maximum creditor’s
rights guaranteed by Party A under this contract are determined by the following            item:

 

(1) (Currency)              
(in words) :                             

 

(2) The principal of
the creditor's rights (currency) (amount in words)                         
and the corresponding interest, penalties, liquidated damages, as well as all other expenditures spent for the realization
of the creditor's rights and the guaranteed rights (including but not limited to legal fare, arbitration fee, attorney fee, travel
expense, assessment cost, transfer fee, cost of preservation, announcement fee, notarial and certification fee, translation fee,
and execution cost, etc.) and all other payables.

 

2.4 The “principal”
in paragraph 2.3 refers to the principal of the creditor’s rights enjoyed by Party B against the debtor to the principal
contract under the principal contract, including but not limited to the payable principal of Renminbi and foreign currency loan
of the principal debtor, the bill amount of banker's acceptance draft applied, the L/C issuing amount, and the L/G amount, etc.

 

2.5 Approved through
negotiation between Party A and Party B, the creditor’s rights holding by Party B under the List of Transfer to the Maximum
Guaranty Creditor’s Rights, attached to this contract, signed between Party B and the debtor to the principal contract
before this Contract enters into effect will transfer to the scope of the creditor’s rights under this contract.

 

    	 

    	 

    

  

Article 3 Scope
of guaranty

 

3.1 The scopes of guaranty
include: the principal contract principal creditor’s rights, interest, default interest, compound interest, liquidated damages,
damage awards, expenditures spent for the realization of the creditor’s rights (including but not limited to legal fare,
arbitration fee, attorney fee, travel expense, assessment cost, transfer fee, cost of preservation, announcement fee, execution
cost, etc.) and all other payables.

 

Article 4 Modes
of guaranty

 

4.1 The mode of guaranty
under this contract is joint liability guaranty. Where the implementation validity of a single debt under the principal contract
is expired, and the debtor fails to fulfill or wholly fulfill his liabilities, Party B shall be entitled to directly request Party
A to undertake such responsibilities.

 

Article 5 Guaranty
period

 

5.1 The guaranty period
under this contract is two years calculating from the expiration of the debt performing limitation under the principal contract,
namely, two years calculating from the date of debt performing limitation performed by the debtor according to the specific business
contract. The guaranty period of each specific business contract is calculated separately.

 

5.2 The principal contract
shall prevail regarding to the debt performing limitation of the debtor to the principal contract. However, where the principal
contract debt is matured in advance due to the reasons of the laws, regulations, rules, or the agreement under the principal contract,
or the unanimity consent by the parties to the principal contract, or the parties to the principal contract decide to extend such
limitation and approved by Party A, the accelerated due date or the extended due date shall be deemed as the expiration date of
such debt performance. Where the principal contract states that the debtor may repay the debt in installment, the expiration date
of such debt shall be deemed as the expiration date of such debt performance.

 

Where the businesses
under the principal contract are letter of credit or bank acceptance bill, the date of L/C or the advance date of bank acceptance
bill shall be deemed as the expiration date of such debt performance of the debtor to the principal contract.

 

Where the business under
the principal contract is letter of guaranty, the actual performance date of such letter of guaranty fulfilled by Party B shall
be deemed as the expiration date of such debt performance of the debtor to the principal contract.

 

    	 

    	 

    

  

Where the business under
the principal contract is factoring one, the payment date of the repurchase price regulated in the factoring contract shall be
deemed as the expiration date of such debt performance of the debtor to the principal contract.

 

Where the business under
the principal contract is other contingent liabilities one, the actual payment date paid by Party B t shall be deemed as the expiration
date of such debt performance of the debtor to the principal contract.

 

Article 6 Representations
and warranties of Party A

 

6.1 (for authority)
Party A, as a Chinese legal person or other organization, legally established in the People's Republic of China according to the
laws of China, has the qualified capacities for civil rights to sign and perform this contract and the ability to independently
bear civil liabilities. Party A was awarded the necessary and legal approval and authorization, internally or externally, to sign
this agreement.

 

(For individual)
Party A, as a natural person, has the qualified capacities for civil rights and behavior to sign and perform this contract and
the ability to independently bear civil liabilities. Party A has no overdue loans, debit interest, malicious overdraft of credit
card and other bad credit history, and no criminal record. Party A is qualified with all the conditions for Guarantor in accordance
with laws and regulations.

 

6.2 Party A fully understands
and agrees to all terms of the principal contract, and confirms the authenticity of the businesses relating to the principal contract.
Party A voluntarily gives priority to the debtor to the principal contract in providing guaranty. All the meaning of such party
under this contract is true. Party A hereby commitments that Party A will bear his guaranty responsibilities in accordance with
the contract even if the actual uses of such credit amount adopted by the debtor to the principal contract are discrepancy to the
uses under the principal contract (including but not limited to repaying loan with loan).

 

6.3 Party A confirms
that the guaranty provided will not be restricted or banned nor will cause any illegal situation.

 

6.4 All data and information
provided by Party A are legality, truthfulness, accuracy, and integrally. Except for the information disclosed to Party B in written
form, Party A has disclosed Party B with all other major liabilities (including contingent liabilities), default behavior, litigation,
arbitration events or other significant issues, and other key assets-influenced cases that may affect the performance of this contract.

 

    	 

    	 

    

  

6.5 Party A confirms:
in the event the debtor to the principal contract fails to perform due debts or the occurrence of the agreed Guarantor bearing
the guaranty responsibilities, regardless Party B possess other guaranty (including but not limited to the debtor to the principal
contract and/or a third person provide material guaranty, guaranty, letter of guaranty, standby letter of credit and guaranty modes)
to the creditor’s rights under this contract, Party B shall have the right to directly request Party A in fulfilling his
guaranty rights prescribed in the guaranty scope without exercising other guaranty rights in advance (including but not limited
to priority procedure of material guaranty provided by the debtor to the principal contract and/or the third party); where the
guaranty scope under this contract contains several creditor’s rights, Party B shall have the right to determine the discharge
order and proportion to the creditor’s rights.

 

6.6 Where Party B abandons
other guaranty rights (whether such guaranty is provided by the debtor or by a third party) for any reason or changes the order
or contents of the aforesaid guaranty rights, and such actions cause any deprivation or decreasing of the priority of compensation
under the aforesaid guaranty rights, Party A confirms that no guaranty responsibilities against Party B will be waived or decreased.

 

Article 7 Rights
and obligations of Party A

 

7.1 (for authority)
during the validity period of this contract, in the event that Party A encounters the following cases, including but not limited
to, equity transfer, reorganization, merger, and acquisition; reorganization into stock company, joint venture company, cooperative
enterprise, affiliated company, and contracting enterprise; changes in the scope of business and the registered capital; and material
assets transfer that may or enough to affect its guaranty ability, Party A should issue written notice to Party B thirty (30) days
in advance. Where Party A transfers, leases or sets guaranty for other debts beyond such debt under this contract, or disposes
its material assets, such events should be approved by Party B in written form.

 

(For individual)
in the event of the enterprise, Party A is servicing as the controlling shareholder or actual controller, encounters the following
cases, including but not limited to, equity transfer, reorganization, merger, and acquisition; reorganization into stock company,
joint venture company, cooperative enterprise, affiliated company, and contracting enterprise; changes in the scope of business
and the registered capital; and material assets transfer that may or enough to affect its guaranty ability, Party A should issue
written notice to Party B three (3) days in advance.

    	 

    	 

    

  

7.2 (for authority)
during the validity period of this contract, in the event that Party A encounters the following cases, including but not limited
to, business suspension, close, application for bankruptcy, accepted bankruptcy petition, declared of bankrupt, dissolving, revocation
of business license, cancellation, deterioration of financial position, or being involved in any litigation, arbitration, criminal
case, civil and administrative penalty, and economic disputes that may or enough to affect its guaranty ability, Party A should
issue a written notice to Party B when the above mentioned cases are happened or potentially to be occurred within three (3) days.

 

(For individual)
in the event of the enterprise, Party A is servicing as the controlling shareholder or actual controller, encounters the following
cases, including but not limited to, business suspension, close, application for bankruptcy, accepted bankruptcy petition, declared
of bankrupt, dissolving, revocation of business license, cancellation, deterioration of financial position, or being involved in
any litigation, arbitration, criminal case, civil and administrative penalty, and economic disputes that may or enough to affect
its guaranty ability, Party A should issue a written notice to Party B when the above mentioned cases are happened or potentially
to be occurred within three (3) days.

 

7.3 (for authority)
during the validity period of this contract, in the event that Party A’s legal representative, principle or controlling
shareholders encounters the following cases, including but not limited to, change his nationality, address, and marriage status;
becoming unemployment, disability, and serious illness; or being involved in any litigation, arbitration, criminal case, civil
and administrative penalty, and economic disputes that may or enough to affect its guaranty ability, Party A should issue a written
notice to Party B when the above mentioned cases are happened or potentially to be occurred within three (3) days.

 

(For individual)
during the validity period of this contract, in the event that Party A encounters the following cases, including but not limited
to, change his nationality, address, and marriage status; becoming unemployment, disability, and serious illness; or being involved
in any litigation, arbitration, criminal case, civil and administrative penalty, and economic disputes that may or enough to affect
its guaranty ability, Party A should issue a written notice to Party B when the above mentioned cases are happened or potentially
to be occurred within three (3) days.

 

    	 

    	 

    

  

7.4 During the validity
period of this contract, where Party A changes his name, residence place, contact information, etc., he should issue a written
notice to Party B three (3) days after such amendment.

 

7.5 During the validity
period of this contract, in the event any case prescribed in Article 7.1, 7.2 and 7.3 occurs against Party A, Party A confirms
to properly implement all guaranty responsibilities under this contract subject to the requirements presented by Party B, and to
provide the concrete solutions in implementing such responsibilities.

 

7.6 Party A confirms
that all the declaration and guaranty made are truthfulness, effectiveness, and integrally. During the validity period of this
contract, in the event Party A violates the provisions prescribed in Article 6 under this contract, Party A confirms to properly
implement all guaranty responsibilities under this contract subject to the requirements presented by Party B, and to provide the
concrete solutions in implementing such responsibilities.

 

7.7 Where Party
B and the debtor to the principal contract determine to amend the principal contract, except for the extension period or the increase
of creditor’s rights amount, such two parties may exercise such amendment without prior consent of Party A. Accordingly,
Party A will continue to fulfill his creditor’s rights guaranty responsibilities under the principal contract in accordance
with the contract.

 

Where the extension
of the principal contract or the increase the amount of creditor's rights without prior consent of Party A, Party A will
continue to fulfill his creditor’s rights guaranty responsibilities under the principal contract in accordance with the contract.

 

7.8 During the guaranty
period, Party A shall not provide to any third Party with guaranty that beyond its own ability.

 

7.9 (For individual)
during the validity period of this contract, Party A shall, at the request of Party B, provide effective certificate of identification
status, occupation, income, expenses and liabilities, guaranty and economic disputes with others to prove his performance status
and related legal documents.

 

7.10 In the event of
the expiration of the debt performance period under the principal contract or the acceleration of maturity of such debt, and the
debtor fails to repay the debt in according with the provision prescribed in the principal contract, Party B shall be entitled
to directly request Party A to pay off the debt. Party A confirms that he will never refuse to pay and defense such responsibilities
with any reason against any claim requirements presented by Party B.

 

    	 

    	 

    

  

7.11 Party A shall have
the duty to provide Party B with the Balance Sheet and statements to all external guaranty status; regularly or from time to time
respond to the requests of Party B; and to provide the statements and other documents that may truly reflect its financial status.

 

7.12 Where the businesses
under the principal contract are domestic letter of credit, buyer-financing under domestic letter of credit, import letter of credit,
or import bill advance/import refinance, and the confirming bank and the negotiating bank to Party B or its designated person,
authorized person, and letter of credit had delivered the payment or fulfilled other payment behavior, Party A shall bear the
incontestable guaranty responsibilities accordingly. Party A shall not raise an indemnity or counterplead due to any stop payment
order and prohibition order issued by any judicial organs or administrative organs against the payment obligation under such letter
of credit; or due to seal-up, distrain, freezing of the properties relating to the letter of credit, or other measures or similar
measures; or due to any discrepancy to the letter of credit.

 

7.13 For delivery against
bank guarantee, endorsement of bill of lading, and authorized withdrawal businesses, Party A shall not raise an indemnity or
counterplead due to the non-payment by the debtor to the principal contract against the amount under the letter of credit.

 

7.14 During the
validity period of this contract, where Party B transfers the creditor’s rights under the principal contract, Party A agrees
to continue to bear the liability for guarantying the creditor's rights against such assignee according to the stipulation of the
contract.

 

7.15 Party A agrees
to authorize Party B to check Party A's credit records via financial credit information basic database and at the credit information
service approved by the People's Bank of China; and agrees to allow Party B to provide Party A’s credit information to the
financial credit information basic database and the credit information service approved by the People's Bank of China.

 

Article 8 Rights
and obligations of Party B

 

8.1 Where the implementation
validity of the debt under the principal contract is expired, and the debtor fails to fulfill, wholly or partly, his liabilities,
Party B shall be entitled to directly request Party A to undertake such responsibilities.

 

    	 

    	 

    

 

8.2 Party B may not
notice Party A where Party B signs specific business contract, regarding to the credit business under the principal contract, with
the debtor.

 

8.3 In the event of
any cases that may affect the guaranty ability of Party A, including but not limited to cases prescribed in subparagraph from 9.1.2
to 9.1.9, Party B should be entitled to request Party A to supplementary provide a guaranty recognized by Party B.

 

8.4 Party B should keep
secrets of the relevant data, documents and information provided by Party A, except for the query or disclosure required by the
laws, regulations, rules or the authorized authorities.

 

Article 9 Undertaking
the guaranty responsibility

 

9.1 During the validity
period of this contract, Party B should be entitled to request Party A to perform the guaranty responsibility, or take appropriate
legal measures against Party A or Party A’s property or property right if one of the following happens:

 

9.1.1 Where any debt
under the principal contract is expired (including due in advance) and Party B fails to liquidate such debt, or the debtor to the
principal contract violates other agreements under the principal contract;

 

9.1.2 Party A or the
debtor to the principal contract encounter business suspension, close, application for bankruptcy, accepted bankruptcy petition,
declared of bankrupt, dissolving, liquidation, business suspension for rectification, revocation of business license, and cancellation;

 

9.1.3 Party A’s
serious financial loss, assets loss or any assets loss caused by external guaranty, or other financial crisis, and fails to provide
the corresponding security guaranty, or the guaranty provided to Party B can not meet the satisfactory status;

 

9.1.4 Crisis in business
or finance of Party A’s controlling shareholder or other associated company, or significant connected transaction between
Party A and the controlling shareholder or other associated companies that affect Party A’s normal operation, and fails to
provide the corresponding guaranty or satisfied guaranty to Party B;

 

9.1.5 Adverse changes
in Party A’s industry, and fails to provide the corresponding guaranty or satisfied guaranty to Party B;

 

9.1.6 (for authority)
Party A's senior management suspected of serious embezzlement, bribery, fraud, or illegal business cases, and fails to provide
the corresponding guaranty or satisfied guaranty to Party B;

 

    	 

    	 

    

 

(for individual) Party
A was administrative and criminal penalized, or involved in major civil legal disputes that may or enough to affect the ability
to guaranty, and fails to provide the corresponding guaranty or satisfied guaranty to Party B;

 

9.1.7 Party A violates
the provisions of Article 7.5 and 7.6 under this contract in implementing all the guaranty responsibilities under this contract,
or fails to provide the specific satisfied solutions of such guaranty responsibility to Party B;

 

9.1.8 Cross-default
provision: where Party A violates the provisions under other debt-based documents and such default action has not been corrected
within the applicable grace period, such cases both lead to one of the following circumstances and constitute the violation of
this contract

 

(1) The debts under
other documents are declared or being declared of accelerating the maturity;

 

(2) The debts under
other documents are not declared or being declared of accelerating the maturity, but default in payment;

 

9.1.9 Other events that
may threaten or damage or have the potential to threaten or damage Party B's equity.

 

9.2 Where Party B requests
Party A to undertake the guaranty responsibility, Party A must delivery the payment to Party B subject to the amount and mode stated
in the written notice immediately after the receipt of the notice issued by Party B.

 

9.3 While performing
the guaranty responsibility, Party A should fulfill subject to the following order:

 

(1) The payables, liquidated
damage, and compensation for damage supporting this contract and the provisions of the principal contract, and relevant laws and
regulations;

 

(2) To pay the payable
penalties and compound interest under the principal contract;

 

(3) Payable interests
under the principal contract;

 

(4) Payable principal
under the principal contract;

 

Where Party A performs
the guaranty responsibility but failed to repay or pay the total amount in the same order, Party B should be entitled to choose
the order and proportion of such payment.

 

9.4 Where Party A fails
to fulfill the guaranty responsibilities according to the Article 7.5, 7.6, 9.1, and 9.2 under this contract, or Party A performs
the guaranty responsibility but failed to repay or pay the total amount in the same order, Party A authorizes Party B
to directly deduct from any account of Party A opened at CITIC Bank and/or to exercise penalty against Party A’s assets or
property rights legally possessed and managed by Party B in order to pay off the debt under the principal contract. While Party
B collects money from Party A's account and the account currency is different from the currency of the creditor’s rights
under the principal contract, the list price released by Party B on that date shall be used for conversion.

 

    	 

    	 

    

 

Article 10 Liability
for breach of contract

 

10.1 After this contract
comes into effect, Party A and Party B shall fulfill the obligations of this contract. Where one party fails to perform or completely
fulfill the obligations of this contract, the defaulting party shall bear the corresponding liability for breach of contract, and
compensate the losses to the other party.

 

10.2 Party A shall compensate
Party B to any loss caused by untrue, inaccurate, incomplete or intentionally misleading of the representations and warranties
of Article 6 of this contract.

 

10.3 Where the contract
becomes invalid due to the fault of Party A, such party shall compensate all loss to Party B within the scope of the guaranty.

 

Article 11 Cumulative
rights

 

11.1 All rights of Party
B under this contract are cumulative and will not affect and eliminate Party B’s any rights enjoyed to Party A according
to laws and other contracts. Unless otherwise presented by Party B in written form, Party B’s non-exercise, partially exercise
and/or delay in exercising his responsibilities will not constitute the waiver or partially waiver of his right, nor affect, stop
and interfere to Party B’s further exercise of his rights or exercise of any other rights.

 

Article 12 Continuity
of obligation

 

12.1 All obligations
and joint liabilities of Party A under this contract are continuity which generates fully bind to his heir or legatee, legal agent,
receiver, and assignee; and to the main body’s merger, acquisition, reorganization, reorganization into stock company, and
name change. Such obligations and liabilities will not be affected by any dispute, claim and legal procedures, and any contracts
and documents signed between the debtor to the principal contract and any natural person or legal person; nor being changed due
to the debtor’s bankruptcy, insolvency, loss of enterprise qualification, change the Articles of Association, and any change
in nature.

 

    	 

    	 

    

 

Article 13 Other
terms 

 

If the paragraph conflicts
to any other provisions, this paragraph shall prevail.

 

Article 14 Applicable
law

 

14.1 The laws of the
People's Republic of China are applied to this contract (for the purposes of this contract, including the laws of Hong Kong, Macao
and Taiwan).

 

Article 15 Disputes resolution

 

15.1 Any dispute rising under this contract
and in connection with this contract should be solved by Party A and Party B through consultation; if fails, both parties agree
to take in the following (2) item for solution:

 

(1) Apply to             /             arbitration commission for
arbitration and the existing effective arbitration rules of such commission shall be applied;

 

(2) To file claims to the People's Court
with jurisdiction at Party B’s side.

 

Article 16 Contract
effectiveness

 

16.1 This contract is
independent from the principal contract. Where the principal contract is invalid for any reason, the effectiveness of this contract
will not be affected and will remain valid, the joint liability of Party A under this contract and the legal responsibility (including
but not limited to refund and compensate for the losses) of the debtor to the principal contract under the principal contract.

 

16.2 In the event a
provision or partially contents of a provision under this contract is now or will become null and void in the future, such invalid
provision or part will not affect the effectiveness of this contract, other provisions under this contract, or other contents of
such provision.

 

    	 

    	 

    

  

Article 17 Execution,
amendment, and termination

 

17.1 (for authority)
this contract comes into effect after it is being signed and stamped (signed the signature or stamped the common seal) and stamped
the common seal or specialized contract seal by the legal representative or authorized agent of Party A and the legal representative/principle
or authorized agent of Party B.

 

(for individual) this
contract comes into effect after it is being signed and stamped (signed the signature or stamped the common seal) and stamped the
common seal or specialized contract seal by Party A or his authorized agent (signature or seal) and the legal representative/principle
or authorized agent of Party B.

 

17.2 After this contract
comes into effect, except to the existing agreement of this contract, both Party A and Party B should not unilaterally modify or
terminate this contract; if any modification or termination of this contract is necessary, both parties should negotiate it to
reach written agreement.

 

Article 18 Miscellaneous

 

18.1 What is left unmentioned
in contract may be concluded by Party A and Party B in written agreement separately as an appendix. All affixes, amendments or
supplements of this contract shall form an integral part of this contract, and have the same legal effectiveness to this contract.

 

18.2 Notice and delivery

 

18.2.1 All notices and
requests under this contract, and the involved debt-collection and litigation (arbitration) legal documents or other communications
may be delivered or sent to the agreed address or contact information stated at the beginning of this contract.

 

18.2.2 Where all notices,
requests, debt-collection letters or other communication issued by Party B to Party A under this contract are sent in the form
of telex, telephone, fax, and E-mail shall be deemed to have delivered to Party A; the third day after the delivery date for postal
mail will be deemed to have delivered to Party A; for sending in person, the receipt date of Party A shall be deemed as successfully
delivery. If Party A refuses to accept, the person serving such document may take photos and video to record the service process,
and make the document lien. In this case, the document is deemed as delivered.

 

18.2.3 The judicial
organ or the arbitration organization may deliver relevant (legal) documents to Party A subject to the address and contact information
agreed in this contract. Where no one receives such documents or Party A refuses to receive, the person serving such document may
take photos and video to record the service process, and make the document lien. In this case, the document is deemed as delivered
successfully. In the event the (legal) documents are failed to be successfully delivered or returned back due to Party A provide
false contact information or fail to timely notice the change of the contact information after amendment, the returned date of
such (legal) documents will be deemed as the delivery date.

 

    	 

    	 

    

  

18.2.4 In the event
the aforesaid contact information, provided by Party A, is changed, Party A should immediately issue notice to Party B in written
within three days after the change; where the change of the information is made after the processing of the debt under this contract
into the phase of litigation or arbitration, such change should be informed in writing to the trial authority. Otherwise, all notices
or other documents issued will be delivered subject to the original information. In such case, the documents will be deemed as
successfully delivered even the party receives no documents.

 

18.3 This contract in
 ________ copies. Party A holds ________  versions, and Party B holds  ________ versions.

 

18.4 Party B has
took the measures of overstriking, bold, highlighting and other reasonable methods to remind Party A of the exemption clauses or
responsibility restriction provision under this contract. In addition, Party A has made a full explanation to the related terms
according to the requirements of Party A; Party A and Party B both have no dissent to the understanding of all contract terms.

 

(This page is intentionally
left blank.)

 

    	 

    	 

    

  

(This page is intentionally left blank.
It is the signature page of the Guaranty Contract of Maximum Amount with the number of _____

 

Party A:

		(for authority)	(for individual)

(Common seal or specialized contract seal)

Signature of Party
A/authorized agent:

Legal representative

(or authorized agent)

 

The spouse hereby confirms
that: I acknowledge the aforesaid contract terms and have unanimity to the guaranty responsibilities under this contract borne
by Party A (including but not limited to communal estate). The mailing address of Party A (including after the amendment) is the
address of him.

 

Signature of Party A’s
spouse/authorized agent:

  

 

 

Party B (common seal or specialized
contract seal)

Legal representative/principle (or authorized
agent):

 

Affix: List of Transfer to the Maximum
Guaranty Creditor’s Rights

 

    	 

    	 

    

  

Affix

 

List of Transfer to the Maximum Guaranty
Creditor’s Rights

 

	Series	 	Contract 
 No.	 	 	Name of 
 contract	 	 	Amount of creditor’s 
 rights under the 
 contract	 	 	Note

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