Document:

China Power Technology, Inc.: Exhibit 10.12 - Filed by newsfilecorp.com

Exhibit 10.12

	Shanghai Pudong
      Development Bank 	Maximum Mortgage Loan Contract 

 

Contract No.: ZD7601200828152601

 

 

Shanghai Pudong Development Bank 

 

 

Maximum Mortgage Loan Contract 

	Shanghai Pudong
      Development Bank 	Maximum Mortgage Loan Contract 

Maximum Mortgage Loan Contract 

Mortgagor: Henan Kaifeng Desheng Boiler Co., Ltd. 

Mortgagee: Shanghai Pudong Development Bank, Zhengzhou
Branch 

Whereas: 

To insure that the debtor fulfills its obligations under the
master contract (refer to article ten) and to insure the obligee’s rights of the
loaner, the mortgagor voluntarily provides security guarantee with the mortgaged
property and bears guarantee obligations of all debts under the master contract.

The mortgagee, after scrutiny, agrees to accept the security
guarantee of the mortgagor. To clarify rights and obligations, the two parties
hereby sign this contract. 

Article I Mortgaged Property 

Refer to article X. 

Article II Principal Obligee’s Rights and
Security Guarantee 

	I. 	Obligee’s Rights Guaranteed 
	 	 
	(1) 	Details for obligee’s rights guaranteed are
      prescribed in article ten. 
	(2) 	“Maturity” and “expiration” include announcing
      acceleration of maturity by the loaner. 

II. Coverage of the Guarantee 

In addition to the principal obligee’s rights in the contract,
coverage of guarantee also includes interest (including “bank interest”,
“default interest” and “compound interest”), penalty, damages, handling charges,
insurance premiums, other expenses arising from the contract, expenses from
realizing guarantee of rights and obligee’s rights by the mortgagee (including
but not limited to disposal expenses, taxes, litigation costs, auction fee,
expenses of execution, legal fee and traveling expenses), and the additional
amount of security asked by the loaner after execution of the master contract.

III. Priority of Compensation 

The mortgagee shall be entitled to the priority of
compensation. The mortgagee may directly exercise lien under the contract
without exercising other guarantee of right (if any) for the debtor. The
mortgagor agrees that in any cases, no exercising or delayed exercising of
rights (including but not limited to obligee’s rights, security interest and
remedial rights of default) by the mortgagee does not constitute delaying in or
abandon its rights, and does not prevent the mortgagee from exercising its
rights under the contract. 

IV. Changes of Master Contract 

The rights and interest of mortgagee shall not be affected by
grace period provided by the mortgagee to the mortgagor, any extended repayment,
revision, change or substitution of master contract by the mortgagee and the
debtor. Any occurrences herein shall be regarded as being approved by the
mortgagor, and shall not hinder the fulfillment of obligation of the mortgagor.
On condition that the master contract includes opening letter of credit, letter
of guarantee or standby letter of credit, the loaner and the debtor may make any
revision to the clauses hereinbefore, without obtaining the approval of or
informing the mortgagor. The mortgagor’s obligation shall not be reduced. 

Article III Registration of Mortgaged Property

I. The mortgagor shall handle registration formalities
of the mortgaged property in property management authorities with the mortgagee, and deliver to the
mortgagee guaranteed mortgage certificate and ownership certificate of the
property upon the execution of the contract. 

	Shanghai Pudong
      Development Bank 	Maximum Mortgage Loan Contract 

At the instance of the mortgagee, the mortgagor shall handle
enforceable notarization in the designated notary organ. The mortgagor shall
voluntarily accept its execution. 

II. Before the maturity of the contract, on condition
that a confirmed registration is needed for maximum mortgage subject to the law
of PRC, local regulations of the place of the mortgaged property, or regulatory
documents, the mortgagor shall unconditionally handle confirmed registration
formalities as required by the mortgagee. 

III. Upon the maturity of the contract, on
condition that the debtor and/or the mortgagor repay all debts guaranteed, the
mortgagor shall deliver written application to the mortgagee within seven
workdays of the bank. The mortgagor shall handle cancellation procedures after
verification of the mortgagee and delivery of mortgage certificate and other
certificates (if any). 

Article IV Insurance of Mortgaged Property

I. Mortgagor’s obligations over the mortgaged property:

	 	(1) 	The mortgagor shall, as required by the mortgagee, handle insurance in
      the company and with the coverage affirmed by the mortgagee, and with the
      mortgagee as the insured or the first beneficiary within five days upon
      the execution of the contract. 
	 	 	 
	 	(2) 	On condition that the mortgagee may not be the insured or first
      beneficiary, the mortgagor shall handle formalities for interest
      assignment or change subject to clause (3) hereinafter. 
	 	 	 
	 	(3) 	On condition that the mortgagor has handled insurance before the
      signing of the contract, the mortgagor shall assign all the rights and
      interests (including all claims and payment of premiums) in the “insurance
      contract” to the mortgagee, or handle formalities for insurance interests
      assignment or change with the mortgagee as the insured or first
      beneficiary within five days upon the execution of this contract. The
      mortgagor shall regain its insurance interests after repayment of
      guarantee and make annotation on the insurance policy and the insurance
      contract. 

II. The amount insured shall not be less than the
amount of obligee’s rights guaranteed by the mortgaged property. The expiration
date of insurance shall be six months later than the fulfillment of obligations
under the master contract. Before full repayment of the debts under the master
contract, the mortgagee has the right to require the mortgagor to continue
buying insurance as prescribed hereon, until full repayment of debts under the
master contract. 

III. Before full repayment of debts by the
debtor, in case of any insurance accident, all rights and interests under the
insurance contract shall be accepted and allocated by the mortgagee. The premium
and compensation shall be deposited to the account designated by the mortgagee
as hypothecated assets under the master contract, and be paid upon the full
repayment in advance or maturity of debts. Any balance shall belong to the
mortgagor after full repayment of debts. On condition that the premium paid by
the insurance company is not sufficient to cover the total damage or the damage
is beyond insurance coverage, the mortgagee has the right to require the
mortgagor pay additional compensation or add additional guarantee. 

IV. The mortgagor shall deliver the original copy
of “insurance contract” or other related legal documents to the mortgagee, pay
premium and other expenses on time, comply with all requirements in the
“insurance contract”, and provide the latest payment receipt of premium and any payment receipt related to insurance policy and
premium. 

	Shanghai Pudong
      Development Bank 	Maximum Mortgage Loan Contract 

V. The mortgagor shall not make or permit others
to make any revisions or changes to the “insurance contract” and other legal
documents, relieve the obligation of insurance company, exercise the rights of
termination of legal documents hereinbefore, abandon claims over default of
legal documents, or violate obligations prescribed in the “insurance contract”.

VI. On condition that the mortgagor does not
fulfill its obligations, the mortgagee shall buy insurance for the mortgagor
(voluntarily). Expenses related shall be delivered to the mortgagee within seven
days upon the acceptance of notice. 

VII. The mortgagor shall pay premiums on time,
and shall not suspend insurance. Otherwise, the mortgagee has the right to buy
insurance for the mortgagor and pay premiums. The mortgagor shall pay the
mortgagee fees and interests within seven days upon the notice of the mortgagee.

Article V Handling of Gage

I. On condition of any cases hereinafter, the
mortgagee has the right to handle the gage in accordance with law to gain lien
or replenish security. 

	(1) 	Default of master contract by the debtor. 
	 	 
	(2) 	Occurrence of event where the loaner may realize obligee’s rights
      under the master contract. 
	 	 
	(3) 	Default by the mortgagor. 

II. When realizing its obligee’s rights, the
mortgagee has the right to make agreement with the mortgagor to be compensated
by keeping the gage or proceeds from auction; on condition of failure to make
agreement, the mortgagee shall file a case to the People’s Court. 

After the gage is set off, auctioned or sold, the part of the
value amount exceeding the amount of the obligee’s right shall be owned by the
mortgagor, the short part shall be satisfied by the debtor. 

III. After handling of the gage, on condition of
advances by the mortgagee, the proceeds from the gage shall be paid for full
repayment of debts; on condition of no advances from the mortgagee, the proceeds
shall be incorporated into security account set by the mortgagee for the debtor,
as repayment or security for advances from the mortgagee. 

Article VI Representations and Warranties

I. Representations and Warranties of the
Mortgagor 

	(1) 	The mortgagor is an independent legal subject, with necessary rights
      and capabilities for the contract. The mortgagor may fulfill obligations
      in the contract on its own behalf and bear civil liability. 
	 	 
	(2) 	The mortgagor has the right to sign the contract and has all warrants
      and authority required to sign the contract. Clauses in the contract are
      real intention of, and have legal binding effect on the mortgagor. 
	 	 
	(3) 	The mortgagor pledges to observe laws and regulations. The signing and
      fulfillment of the contract do not violate laws (“laws” refer to national
      and local laws, regulations, rules, local regulations and judicial
      interpretation), rules, related documents, judgments and adjudications,
      and do not contradict with any contracts, agreements or other obligations
      signed by the mortgagor. 
	 	 
	(4) 	The mortgagor pledges all financial statements (if any) provided
      herein comply with laws and regulations of PRC (excluding Hong Kong, Macau
      and Taiwan), all statements are true and complete in reflecting financial situation of
      the mortgagor, and all materials, documents and information related to the
      contract and gage are true, effective, accurate and complete. 

	Shanghai Pudong
      Development Bank 	Maximum Mortgage Loan Contract 

	(5) 	The mortgagor pledges to handle filing, registration and information
      disclosure to insure the effectiveness of the contract, and pay for all
      the taxes and expenses. 
	 	 
	(6) 	No harmful changes occur in operation and financial situation of the
      mortgagor since the submission of the latest audited financial statement.
    
	 	 
	(7) 	The mortgagor has informed the mortgagee with all information needed
      for the decision of signing the contract. 
	 	 
	(8) 	The mortgagor pledges no occurrence of default (including but not
      limited to wages, Medicaid, disability grant, pension costs and
      compensation) during the fulfillment of the contract. 
	 	 
	(9) 	The mortgagor pledges no occurrence of unfavorable incidents for its
      contractual capacity. 

II. Further Representations and Warranties of the
Mortgagor 

	(1) 	Upon the execution of the contract, no unknown lien and other security
      interests occur on the gage. Within the duration of the contract, the
      mortgagor shall not exercise lien and other security interests to any
      third party in any form without written approval from the mortgagee and
      provision in the contract. 
	 	 
	(2) 	The mortgagor pledges to have fulfilled, or will fulfill the
      obligations in the “land-use right assignment (transfer) contract” signed
      for obtaining land-using right hereinbefore. On condition that the
      land-use right in the contract means allocated land-use right, the
      mortgagor pledges to have obtained approval from land administration
      department, and paid full price of land in accordance with land transfer
      payment prescribed by land administration department. 
	 	 
	(3) 	The mortgagor pledges to pay land transfer fee, relocation fee,
      relative fee, land-use fee and other fees related to land-use right of the
      gage on time in accordance with “land assignment (transfer) contract”.
  
	 	 
	(4) 	The mortgagor pledges to have paid payable project costs and no
      economic loss would occur for the mortgagee arising from unpaid project
      costs. 
	 	 
	(5) 	The mortgagor shall open special escrow account (as prescribed
      separately) for gage selling and lease at the instance of the mortgagee.
      The mortgagor shall remit all proceeds (including but not limited to
      build-selling money (including down payment), income from leasing gage,
      compensation and insurance compensation) from the “selling contract”
      (hereinafter referred to as “sales contract”) and “leasing contract” to
      the escrow account, and authorize the mortgagee to handle the money.
  

Article VII Covenants 

I. Obligations of the Mortgagor 

	(1) 	The mortgagor pledges to avoid behaviors
      hereinafter: 
	 	 
		Sell, gift, lease, lend, transfer, mortgage,
      impawn or handle in other ways the total or majority of its assets. 
	 	 
		Major changes in management system or
      organization of property right, including but not limited to contracting,
      leasing, affiliation, transformation to company, transformation to stock
      company, stock transfer, consolidation (or merger), joint venture (or cooperation), division, establishment of subsidiaries, transfer of
  property rights and reduction of capital.
  

	Shanghai Pudong
      Development Bank 	Maximum Mortgage Loan Contract 

 		Gift, transfer or handle in other ways total or partial gage, or repay
  other debts related to the gage. 
	 	 
		Revise articles of corporation, change business or core business.
    
	 	 
		Provide guarantee for a third party, causing unfavorable influence on its
  financial situation or the fulfillment of the contract. 
	 	 
		Apply for restructuring, bankruptcy or disbanding the company.
    
	 	 
		Sign contracts/agreements or bear obligations unfavorable for its ability
  to fulfill the contract.

(2)

The mortgagor pledges that on
condition of occurrences hereinafter, the mortgagor shall inform the mortgagee
upon the occurrence, and deliver original copy of notice (seal is needed for an
artificial person; signature is needed for a natural person) to the mortgagee
within five banking days upon the occurrence.

 

	 		Any occurrences that make the representations and warranties in the
  contract untrue or inaccurate. 
	 	 	 
	 		The mortgagor or its majority shareholder, actual controller or connected
  person involves in litigation, arbitration, or detaining, freezing assets, or
  other punishments with the same effect, or the mortgagor’s legal
  representative, director of board, supervisor or higher management involve in
  litigation, arbitration or other coercive measures. 
	 	 	 
	 		Changes in legal representative (if any), person in charge, authorized
  representative, chief financial officer, address or office; changes in
  domicile, habitual residence, work place, city, name or unfavorable change in
  income of the mortgagor. 
	 	 	 
	 		Disputes over ownership of the gage, or unfavorable influence from any
  third party. 
	 	 	 
	 		Be applied for restructuring, bankruptcy by other loaners or withdrawal by
  authority at the higher level. 

	 	 
	(3) 	On condition that any third party raises requirements that hinder the
      rights and interests of the mortgagee, the mortgagor shall protect the
      rights and interests of the mortgagee by all means. On condition that the
      gage is confiscated, the mortgagor shall use its compensation to repay the
      debts guaranteed as required by the mortgagee, or submit the compensation
      to the mortgagee as security for maintaining guarantee. 
	 	 
	(4) 	The mortgagor shall pay all expenses arising from evaluation,
      registration, notarization, appraisal, insurance, maintenance, keeping
      value of the gage and protecting rights and interests of the mortgagee.
  
	 	 
	(5) 	Within the duration of the contract, on condition that the lawful heir
      carries on the gage, the successor shall bear all the responsibilities and
      obligations under the contract. The successor is obliged to handle
      alteration formalities in property registration departments within fifteen
      banking days. The expenses shall be paid by the successor. 
	 	 
	(6) 	The mortgagor shall obtain the written approval from the mortgagee
      when planning advance sale (hereinafter referred to as “sell”) or leasing
      total or partial of the gage. On condition that selling or leasing are
      needed, the mortgagor shall: I insure all earnings or rents from the gage and all proceeds related are remitted to the
      escrow account, or used to repay due (including acceleration of maturity)
      interest on principal and all expenses related, or repay interest on
      principal in advance (the mortgagor shall comply with provisions of the
      contract herein). No one shall use the money without the approval from the
      mortgagee. Or: II provide other satisfactory assurance protection. Or: III
      fulfilled other obligations as required by the mortgagee. On condition of
      measures hereinbefore, and that the mortgagor have handled formalities for
      cancelling mortgage upon the approval of the mortgagee, the mortgagor may
      handle transfer procedures or registration formalities of the gage.

	Shanghai Pudong
      Development Bank 	Maximum Mortgage Loan Contract 

	(7) 	On condition that the master contract includes opening letter of
      credit, letter of guarantee or standby letter of credit, the mortgagor
      pledges on condition that the debtor has not paid security as required
      (including payment in advance), the mortgagor shall bear responsibility of
      joint liability. Replenishing security by the mortgagor does not exempt it
      from fulfilling guarantee under the contract. All losses (including loss
      of interest) arising from fulfilling guarantee shall be paid by the
      mortgagor. 
	 	 
	(8) 	On condition that the mortgagee has the right to realize lien in
      accordance with provisions in the contract, the mortgagor shall
      collaborate with the mortgagee in handling formalities to insure the
      realization of lien. 
	 	 
	(9) 	On condition that the mortgagor is not the debtor in the master
      contract, the mortgagor pledges to bear joint liability upon the
      occurrences hereinafter: 

	 	 	 
	 		The proceeds from lawful auction and selling of gage are not sufficient to
  repay obligee’s rights, or the value of gage is not sufficient to repay
  obligee’s rights. 
	 	 	 
	 		On condition of damaging or destroying of gage not caused by the
  mortgagor, the compensation and insurance money are not sufficient to repay
  obligee’s rights. 
	 	 	 
	 		On condition that the gage is confiscated by the government caused by the
  mortgagor, the compensation is not sufficient to repay obligee’s rights.
    
	 	 	 
	 		The mortgagee may not exercise or lose lien not caused by the mortgagee.
    
	 	 	 
	 	5 	Ineffective or cancellation of the contract caused by the
    mortgagor. 

II. Deduction Covenants 

	(1) 	On condition of mature payable liabilities, the mortgagee has the
      rights to deduct from any account opened in Shanghai Pudong Development
      Bank by the mortgagor. 
	 	 
	(2) 	Without special provisions, the deducted money shall be firstly used
      to repay mature liabilities of the mortgagor, then repay mature interests,
      finally repay interest on principal. 
	 	 
	(3) 	On condition of different currencies between the deducted money and
      payable liabilities, the mortgagee has the right to settle/buy foreign
      exchange in accordance with the exchange rate set by the mortgagee; the
      exchange risk shall be borne by the mortgagor. 

III. Proof of Debt 

The proofs of debt guaranteed by the gage are subject to the
accounting documents issued by the mortgagee in accordance with its own business
provision. 

IV. Notifications and Delivery 

	Shanghai Pudong
      Development Bank 	Maximum Mortgage Loan Contract 

	(1) 	Notifications in the contract shall be delivered to the address listed
      on the signing page, unless the other party changes its address. On
      condition of delivery in accordance with the address herein, notifications
      are deemed to be received by: the seventh banking day upon mailing in the
      main business address (for a legal person and its branches, and other
      economic organizations), or domicile (for a natural person) for letter;
      the signing date for personal delivery; sending date for fax or e-mails.
      All notifications, requirements and other messages shall be deemed to be
      received upon acceptance by the mortgagee. Original copies (seal is needed
      for an artificial person; signature is needed for a natural person) of all
      notifications by fax or e-mail shall be delivered in person or by mail for
      confirmation to the mortgagee. 
	 	 
	(2) 	The mortgagor agrees that all summons and notifications to the
      mortgagor shall be deemed as delivery on condition of being sent to the
      address listed herein. Change of address without informing the mortgagee
      shall be regarded ineffective. 

V. Effect, Changes and Cancellation 

	(1) 	The contract is formed upon seals from the mortgagor and the
      mortgagee, and signatures or seals (on condition that the mortgagor is a
      natural person, only signature is needed) from legal
      representatives/persons in charge/authorized representatives of the two
      parties; comes into effect upon mortgage registration formalities by
      property registration departments; and terminated upon full repayment of
      the principal obligee’s rights under guarantee. 
	 	 
	(2) 	The effectiveness of the contract is separated from the master
      contract. The ineffectiveness or cancellation of the master contract shall
      not affect the effectiveness of this contract. The ineffectiveness or
      cancellation of certain clauses in the contract shall not affect the
      effectiveness of other clauses. 
	 	 
	(3) 	Neither party shall change or cancel the contract upon its execution.
      The change or cancellation of the contract can only be made after
      consultation and written agreement of the two parties.

Article VIII Event of Default and Options 

I. Event of Default 

The occurrences of any of the following shall constitute event
of default: 

	 		Any statements, explanation, warrants made by the mortgagor in the
  contract, or any notifications, authorizations, approvals, agreements,
  decisions, certificates and other documents shall be proven to be inaccurate
  or misleading, or ineffective, rescinded or with no legal standing. 
	 	 	 
	 		The mortgagor violates any clauses in article seven. 
	 	 	 
	 		The mortgagor is forced to close down, stop production, suspend business
  for rectification, restructure, liquidate, be taken over, place under
  trusteeship, disband, revoke business license, cancel of registration or
  bankrupt. 
	 	 	 
	 		The mortgagor runs into trouble in financial status and operation, or
  experiences occurrences unfavorable for its regular operation, financial
  status or compensation ability. 
	 	 	 
	 		The mortgagor or its majority shareholder, actual controller or connected
  person involves in litigation, arbitration, or detaining, freezing assets, or other punishments with the same effect, or the mortgagor’s legal
  representative, director of board, supervisor or higher management involve in
  litigation, arbitration or other coercive measures, leaving the mortgagor in
  an unfavorable position for repayment. 
	 	 	 
	 		The death or declaration of death of a natural person as the mortgagor.
    
	 	 	 
	 		The mortgagor transfers or intends to transfer assets through marriage.
    
	 	 	 
	 		The mortgagor gifts, exchanges, sells in advance, sells, rehypothecates or
  deal with the gage in other ways; or any incidents affecting the mortgagor’s
  ability to repay debts occur, such as decline of gage value, loss or major
  damages.
	 	 	 
	 	9 	Other behaviors of the mortgagor in violating the contract or undermining
the legitimate interest of the mortgagee. 

 

	Shanghai Pudong
      Development Bank 	Maximum Mortgage Loan Contract 

II. Options of Default 

On condition of any occurrences herein, the mortgagee shall
accelerate the maturity of principal obligee’s rights/or obligee’s rights,
require the debtor to replenish security, realize lien as prescribed in article
five, and require the mortgagor to pay penalty (calculated as prescribed in
article ten). On condition that the penalty is not sufficient to pay the losses,
the mortgagor shall compensate all losses of the mortgagee. 

Article Nine Miscellaneous Provisions 

I. Application of Law 

The contract shall be governed by the laws of People’s Republic
of China (excluding Hong Kong, Macau and Taiwan). 

II. Solution of Disputes 

Any disputes related to the contract shall be solved through
consultation first. On condition that the disputes may not be solved by
consultation, the People’s Court in the mortgagee’s residence shall execute
nonexclusive jurisdiction. All parties shall continue to fulfill the provisions
not under disputes. 

III. Miscellaneous 

	(1) 	Parties hereto may supplement in article ten matters not mentioned
      herein, or reach written agreement as appendices of the contract.
      Appendices (refer to article ten) are the inseparable part of the
      contract, with the same legal force. 
	 	 
	(2) 	Unless further provisions, terms and statements in the contract have
      the same meaning as the master contract. 
	 	 
	(3) 	The headings to the contract hereof are for ease of reference only, in
      no event shall the headings be interpreted as implications of the content.
    

Article Ten Contract Elements 

I. The Master Contract Secured [refer to provisions
hereinbefore] 

	(1) 	The master contract refers to contracts signed between 2008,
      8, 12 (Y, M, D) and 2011, 8, 11 (Y, M,
      D). The loaner in the contract refers to Shanghai Pudong Development Bank,
      Zhengzhou Branch in the master contract. 
	 	 
	(2) 	The debtor of the master contract refers to Henan Kaifeng Desheng
      Boiler Co., Ltd., its address is No. 26 Gongyuan Road, Kaifeng, Henan
      Province. 

	Shanghai Pudong
      Development Bank 	Maximum Mortgage Loan Contract 

II. Details of the Gage in the Contract: [refer to
article one] Gage--- 

	(1) 	Location: No. 26 Gongyuan Road, Shunhe District, Kaifeng 
	 	 
	(2) 	Address: No. 26 Gongyuan Road, Shunhe District, Kaifeng 
	 	 
	(3) 	Gross Building Area: 23504.1 square meters. 
	 	 
	(4) 	No. of house ownership certificate of title: (232901)-(232912), Henan
    
	 	 
	(5) 	No. of state-owned land-use certificate: (231303), (231304), Henan.
  
	 	 
	(6) 	The area of land use: 54898.87 square meters. 
	 	 
	(7) 	Land tenure: from December 6th , 2004 to August 30th
      , 2054. 
	 	 
	(8) 	The amount of principal obligee’s rights of mortgage: 30 million RMB.
    
	 	 
	(9) 	Mortgage term: from August 12th , 2008 to August 11th
      , 2011. 
	 	 
	(10) 	Value of gage: 45,414,400 RMB, including value of property 14,299,600
      RMB, and value of use right of state-owned land 31,114,800 RMB. 
	 	 
	(11) 	Ranking of the mortgage: 1st . 

III. The Master Contract Secured [refer to article 2.1.
(1)] 

The principal obligee’s rights under the contract refer to
credits (including but not limited to all types of loans and liabilities arising
from the provision of domestic letter of credit, acceptance bill and letter of
guarantee) provided by the loaner to the debtor from August 12th,
2008 to August 11th, 2011 (referred to as “duration of obligee’s
rights” in the contract). Balance of the principal obligee’s rights shall not
exceed 30 million RMB (or its equivalence) within the duration of obligee’s
rights. On condition of different currencies, the loaner shall calculate in
accordance with the exchange rate set on its own. 

IV. The contract is in triplicate, with the same legal force.
The mortgagor, the mortgagee and department of land and resources of Kaifeng
shall hold one copy each. 

(The remainder of this page is intentionally left blank) 

	Shanghai Pudong
      Development Bank 	Maximum Mortgage Loan Contract 

This is page of signatures. 

The contract is made as of August 12th, 2008. The
mortgagor confirms that the two parties have elaborated and discussed all
articles of the contract before signing. The two parties sign the contract
without demur, and have accurate interpretation for rights and obligations,
limits of liability and exception of clause. 

Mortgagor (official seal): Henan Kaifeng Desheng Boiler Co.,
Ltd. 

Legal representative or 
authorized representative

(signature or seal): Honghai Zhang 

Mortgagor (official seal): Shanghai Pudong Development Bank,
Zhengzhou Branch 

Legal representative or 
authorized representative

(signature or seal): Ning HuChina Power Technology, Inc.: Exhibit 10.15 - Filed by newsfilecorp.com

Exhibit 10.15

AMENDED AND RESTATED OPTION AGREEMENT

THIS AMENDED AND RESTATED OPTION AGREEMENT (this
“Agreement”), dated as of September 18, 2010 (the “Effective
Date”), between and among (i) Mr. Shiyong Fan, an individual citizen of
New Zealand (the “Grantor”); and (ii) Mr. Honghai Zhang, an
individual citizen of the People’s Republic of China (the
“Optionee”) (each of the foregoing, a “Party” and
together, the “Parties”) with respect to shares of Wise Winning
Limited , a company organized under the laws of the British Virgin Islands
(“Wise Winning”). Capitalized terms not otherwise defined have the
meanings assigned to them in Exhibit A to this Agreement. 

RECITALS 

	A. 	
      The Grantor is the sole shareholder of Wise
    Winning.

	 	 
	B. 	
      Wise Winning is the sole shareholder of China Niceview
      Power Technology Limited, a company organized under the laws of British
      Virgin Islands (“China Niceview”).

	 	 
	C. 	
      China Niceview is the sole equity holder of Hong Kong
      Niceview Power Technology Co., Limited, a company organized and existing
      under the laws of Hong Kong (“HK Niceview”).

	 	 
	D. 	
      HK Niceview is the sole equity holder of Kaifeng Nice
      View Power Technology Co., Ltd., a wholly foreign-owned enterprise
      organized and existing under the laws of the People’s Republic of China
      (“WFOE”), which is the sole equity holder of one or more
      operating companies in the People’s Republic of China.

	 	 
	E. 	
      On June 1, 2010, Wise Winning and China Niceview entered
      into a share exchange agreement (the “Exchange Agreement”)
      with a United States-domiciled public reporting shell company Lincoln
      Floorplanning Co. Inc. (the “Shell Company”) whose
      securities are quoted on the over-the-counter bulletin board. Upon
      consummation of the transactions contemplated by the Exchange Agreement
      (the “Exchange Transaction”), the Shell Company acquired
      100% of the issued and outstanding capital stock of China Niceview, and,
      indirectly, sole ownership of WFOE, in exchange for the issuance of shares
      of the common stock of the Shell Company to Wise Winning (the
      “Exchange Shares”) representing 92% of the issued and
      outstanding shares of the Shell Company.

	 	 
	F. 	
      The Grantor grant to the Optionee entered into an option
      agreement dated as of May [*], 2010 (the “Original Option Agreement”),
      pursuant to which the Grantor granted to the Optionee an option to acquire
      100% of the issued and outstanding shares of Wise Winning, at an exercise
      price of US$10,000.

	 	 
	G. 	
      The Parties desire to amend and restate the Original
      Agreement to increase the option exercise price to reflect Wise Winning’s
      increased net assets following its acquisition of the Henan Kaifeng
      Desheng Boiler Co., Ltd. and Henan Desheng Boiler Installation Co.,
      Ltd..

1 

AGREEMENT 

NOW, THEREFORE, in consideration of the mutual promises and
covenants contained herein, and for other good and valuable consideration, the
receipt and sufficiency of which is acknowledged by the Parties, the Parties
agree as follows: 

ARTICLE I 

OPTION RIGHT 

SECTION 1.1. Option Right. Grantor hereby grants
to the Optionee the right and option (the “Option Right”), during
the Option Period (as defined below), to purchase from the Grantor, and upon the
exercise of such right and option the Grantor will have the obligation to sell
to the Optionee, Fifty Thousand (50,000) shares of the capital stock of Wise
Winning held by Grantor (the “Option Shares”), representing one
hundred percent (100)% of the issued and outstanding capital stock of Wise
Winning, in accordance with the provisions of this Agreement. 

SECTION 1.2. Option Period. The Option Right will
be effective during the period (the “Option Period”) commencing on
the date which is six months after the date on which a resale registration
statement for the Shell Company’s shares issued to the investors in the first
equity financing conducted after the closing of the Exchange Transaction is
declared effective by the United States Securities and Exchange Commission (the
“Registration Statement Effective Date”), but before the fifth
anniversary of the Registration Statement Effective Date (such date or the
earlier expiration of the Option Right is referred to herein as the
“Expiration Date”). 

SECTION 1.3. Exercise Process. In order to
exercise its Option Right during the Option Period, the Optionee must deliver to
the Grantor a written notice of such exercise substantially in the form attached
hereto as Exhibit B (the “Exercise Notice”) to the address
or facsimile number set forth therein. Provided the Exercise Notice is delivered
in accordance with Section SECTION 5.2. to the Grantor on or prior to
6:30 p.m. (Hong Kong time) on a Business Day, the date of exercise (the
“Exercise Date”) of the Option Right will be the date of such
delivery of such Exercise Notice. In the event the Exercise Notice is delivered
after 6:30 p.m. (Hong Kong time) on any day or on a date which is not a Business
Day, the Exercise Date will be deemed to be the first Business Day after the
date of such delivery of such Exercise Notice. The delivery of an Exercise
Notice in accordance herewith will constitute a binding obligation (a) on the
part of the Optionee to purchase and (b) on the part of the Grantor to sell, the
Option Shares which are the subject of such Exercise Notice in accordance with
the terms of this Agreement. 

SECTION 1.4. Option Price.

	 	(a) 	
      The aggregate price (the “Option Price”)
      for all of the Option Shares will be equal to Thirty-Five Million Three
      Hundred and Forty-One Thousand Six Hundred Chinese Yuan (RMB
      35,341,600).

2 

	 	(b) 	
      The payment of any Option Price will be in accordance
      with written instructions delivered by the Grantor to the Optionee within
      five (5) days of delivery of the Exercise Notice.

SECTION 1.5. Delivery of the Shares. Upon the
receipt of an Exercise Notice and the payment of the Option Price, the Grantor
will deliver, or take all steps necessary to cause to be delivered, the Option
Shares being purchased pursuant to such Exercise Notice. 

ARTICLE II 

ENCUMBRANCES; TRANSFERS, SET-OFF 

SECTION 2.1. Encumbrances. Upon exercise of the
Option Right, the Option Shares being purchased will be sold, transferred and
delivered to the Optionee free and clear of any claim, pledge, charge, lien,
preemptive rights, restrictions on transfers (except as required by securities
laws of the United States), proxies, voting agreements and/or any other
Encumbrance. 

SECTION 2.2. Lock-up; Transfers. Prior to the
Expiration Date, the Grantor will not transfer to any other Person and will
continue to own, free and clear of any Encumbrance, the Option Shares. 

SECTION 2.3. Legend. The Grantor will cause a
notification to be made in the share register of Wise Winning, and on any
certificates evidencing the Option Shares, language in substantially the form as
follows:

“THE SHARES REGISTERED IN THE NAME
OF [ • ] OR REPRESENTED BY THIS CERTIFICATE, AS THE CASE MAY BE, ARE
SUBJECT TO AN OPTION RIGHT WHICH PROHIBITS THEIR TRANSFER TO ANY
PERSON OTHER THAN THE HOLDER OF THAT RIGHT PRIOR TO THE EXERCISE OF
THE RIGHT OR ITS EXPIRATION. ANY PERSON ACCEPTING ANY INTEREST IN THE
SHARES WILL BE DEEMED TO AGREE TO AND WILL BECOME BOUND BY ALL THE
PROVISIONS OF THE OPTION AGREEMENT IN WHICH THAT OPTION RIGHT IS SET
FORTH, AND THE SHARES WILL REMAIN SUBJECT TO THE OPTION RIGHT AS
PROVIDED THEREIN. A COPY OF THE OPTION AGREEMENT WILL BE FURNISHED TO
THE RECORD HOLDER OF THIS CERTIFICATE WITHOUT CHARGE UPON WRITTEN
REQUEST TO THE COMPANY AT ITS PRINCIPAL PLACE OF BUSINESS.” 

SECTION 2.4. Set-off. The Optionee will be
absolutely entitled to receive all the Option Shares to which it is entitled
pursuant to the exercise of an Option Right, and for the purposes of this
Agreement, the Grantor hereby waives, as against the Optionee, all rights of
set-off or counterclaim that would or might otherwise be available to the
Grantor. 

ARTICLE III 

REPRESENTATIONS AND WARRANTIES 

3 

SECTION 3.1. 
Representations and Warranties of the Grantor. The Grantor represents and warrants to the Optionee, that: 

	 	(a) 	
      Due Authorization. This Agreement, and all
      agreements and documents executed and delivered pursuant to this
      Agreement, constitute valid and binding obligations of the Grantor,
      enforceable against the Grantor in accordance with their terms, subject to
      applicable Bankruptcy Laws and other laws or equitable principles of
      general application affecting the rights of creditors generally.

	 	 	 
	 	(b) 	
      No Conflicts. Neither the execution or delivery of
      this Agreement by the Grantor nor the fulfillment or compliance by the
      Grantor with or of any of the terms hereof will, with or without the
      giving of notice and/or the passage of time, (i) conflict with, or result
      in a breach of the terms, conditions or provisions of, or constitute a
      default under, any contract or any judgment, decree or order to which the
      Grantor is subject or by which the Grantor is bound, or (ii) require any
      consent, license, permit, authorization, approval or other action by any
      Person or Governmental Body which has not yet been obtained or received.
      The execution, delivery and performance of this Agreement by the Grantor
      or compliance with the provisions hereof by the Grantor does not, and will
      not, violate any provision of any Law to which the Grantor is subject or
      by which it is bound.

	 	 	 
	 	(c) 	
      No Actions. There are no lawsuits, actions or, to
      the best knowledge of the Grantor, investigations, claims or demands or
      other proceedings pending or, to the best knowledge of the Grantor,
      threatened against the Grantor that, if resolved in a manner adverse to
      the Grantor, would adversely affect the right or ability of the Grantor to
      carry out its obligations set forth in this Agreement.

	 	 	 
	 	(d) 	
      Title. The Grantor owns the Option Shares free and
      clear of any Encumbrance whatsoever, except as contemplated by this
      Agreement. The Grantor has not entered into nor is a party to any
      agreement that would cause the Grantor to not own the Option Shares free
      and clear of any Encumbrance, except as contemplated by this
    Agreement.

	 	 	 
	 	(e) 	
      Assets. As of the Exercise Date, the Exchange
      Shares held by Wise Winning will represent at least 65% of the issued and
      outstanding shares of the Shell Company, it being acknowledged by the
      Parties that Wise Winning may transfer, prior to the Exercise Date, shares
      representing up to 27% of the issued and outstanding shares of the Public
      Company, to one or more third parties approved in advance in writing by
      the Optionee.

SECTION 3.2. Representations and Warranties of the
Optionee. The Optionee represents and warrants to the Grantor that: 

	 	(a) 	
      Due Authorization. This Agreement, and all
      agreements and documents executed and delivered pursuant to this
      Agreement, constitute valid and binding obligations of the Optionee,
      enforceable against the Optionee in accordance with their
  terms, subject to applicable Bankruptcy Laws and other laws or
      equitable principles of general application affecting the rights of
      creditors generally.

4 

	 	(b) 	
      No Conflicts. Neither the execution or delivery of
      this Agreement by the Optionee nor the fulfillment or compliance by the
      Optionee with or of any of the terms hereof will, with or without the
      giving of notice and/or the passage of time, (i) conflict with, or result
      in a breach of the terms, conditions or provisions of, or constitute a
      default under, any contract or any judgment, decree or order to which the
      Optionee is subject or by which the Optionee is bound, or (ii) require any
      consent, license, permit, authorization, approval or other action by any
      Person or Governmental Body which has not yet been obtained or received.
      The execution, delivery and performance of this Agreement by the Optionee
      or compliance with the provisions hereof by the Optionee does not, and
      will not, violate any provision of any Law to which the Optionee is
      subject or by which it is bound.

	 	 	 
	 	(c) 	
      No Actions. There are no lawsuits, actions or, to
      the best knowledge of the Optionee, investigations, claims or demands or
      other proceedings pending or, to the best knowledge of the Optionee,
      threatened against the Optionee that, if resolved in a manner adverse to
      the Optionee, would adversely affect the right or ability of the Optionee
      to carry out its obligations set forth in this
Agreement.

NEGATIVE COVENANTS 

SECTION 3.3. Covenants of the Grantor. The
Grantor agrees that, prior to the termination of this Agreement, it will not
transfer, sell, or assign to any other Person, or otherwise dispose of, pledge,
encumber, or suffer any Encumbrance upon, any shares of capital stock of Wise
Winning which Grantor owns, including the Option Shares. The Grantor further
agrees that, prior to the termination of this Agreement, it will not, without
the prior written approval of the Optionee, vote (in person, by proxy or by
action by written consent, as applicable) any of the Option Shares in favor of,
or to adopt or approve any of the following actions with regard to Wise Winning
or any direct or indirect subsidiary or affiliate of Wise Winning (referred to
individually and collectively as the “Company”): 

	 	(a) 	
      Any increase of the number of authorized shares of
      capital stock of the Company;

	 	 	 	 
	 	(b) 	
      Any transfer, sale, assignment, or other disposition of,
      or pledge or encumbrance of, any of the Company’s material assets
      (including, without limitation, the Exchange Shares and any shares of any
      other subsidiary or non-majority owned affiliated companies) except as
      contemplated by Section SECTION 3.1. (e);

	 	 	 	 
	 	(c) 	
      Any Change of Control with regard to the Company.
      “Change of Control” means the first to occur of any of the
      following events:

5 

	 	 	
       
	 	 	
       
	 	(i) 	
      An acquisition by any individual, entity or group (within
      the meaning of Section 13(d)(3) or 14(d)(2) of the United States
      Securities Exchange Act of 1934 (the “Exchange Act”)) (a
      “Person”) of beneficial ownership(within the meaning of Rule 13d-3 promulgated under the
      Exchange Act) of twenty percent (20%) or more of either (A) the then
      outstanding shares of the common or ordinary stock of the Company (the
      “Outstanding Common Stock”) or (B) the combined voting power
      of the then outstanding voting securities of the Company entitled to vote
      generally in the election of directors (the “Outstanding Voting
      Securities”); excluding, however, the following: (1) any
      acquisition directly from the Company, other than an acquisition by virtue
      of the exercise of a conversion privilege unless the security being so
      converted was itself acquired directly from the Company, (2) any
      acquisition by the Company, (3) any acquisition by any employee benefit
      plan (or related trust) sponsored or maintained by the Company or any
      entity controlled by the Company, or (4) any acquisition pursuant to a
      transaction which complies with clauses (A), (B) and (C) of paragraph
      (iii) of this definition;

	 	 	 
	 	(ii) 	
      A change in the composition of the Board of Directors of
      the Company (the “Board”) such that the individuals who, as
      of the date of this Agreement, constitute such board of directors (such
      Board will be hereinafter referred to as the “Incumbent
      Board”) cease for any reason to constitute at least a majority of
      the Board; provided, however, for purposes of this definition any
      individual who becomes a member of the Board subsequent to the date of
      this Agreement, whose election, or nomination for election by the
      Company’s stockholders, was approved by a vote of at least a majority of
      those individuals who are members of the Board and who were also members
      of the Incumbent Board (or deemed to be such pursuant to this proviso)
      will be considered as though such individual were a member of the
      Incumbent Board; and provided further, that any such individual
      whose initial assumption of office occurs as a result of either an actual
      or threatened election contest (as such terms are used in Rule 14a-11 of
      Regulation 14A promulgated under the Exchange Act) or other actual or
      threatened solicitation of proxies or consents by or on behalf of a Person
      other than the Board will not be so considered as a member of the
      Incumbent Board; or

6 

	 		
      (iii) 
	
      Consummation of a reorganization, merger or consolidation
      or sale or other disposition of all or substantially all of the assets of
      the Company or the acquisition by the Company of assets or stock of
      another entity (“Corporate Transaction”); excluding,
      however, such a Corporate Transaction following which (A) all or
      substantially all of the individuals and entities who are the beneficial
      owners, respectively, of the Outstanding Common Stock and Outstanding
      Voting Securities immediately prior to such Corporate Transaction
      beneficially own, directly or indirectly, more than fifty percent (50%)
      of, respectively, the outstanding shares of Common Stock, and the combined
      voting power of the then outstanding voting securities entitled to vote
      generally in the election of directors, as the case may be, of the
      corporation resulting from such Corporate Transaction (including, without
      limitation, a corporationwhich as a result of such transaction owns the
      Company or all or substantially all of the Company’s assets either
      directly or through one or more subsidiaries) in substantially the same
      proportions, as their ownership immediately prior to such Corporate
      Transaction, of the Outstanding Common Stock and Outstanding Company
      Securities, as the case may be, (B) no Person (other than the Company, or
      any employee benefit plan (or related trust) of the Company or such
      corporation resulting from such Corporate Transaction) beneficially owns,
      directly or indirectly, twenty percent (20%) or more of, respectively, the
      outstanding shares of common stock of the corporation resulting from such
      Corporate Transaction or the combined voting power of the outstanding
      voting securities of such corporation entitled to vote generally in the
      election of directors except to the extent that such ownership existed
      prior to the Corporate Transaction, and (C) individuals who were members
      of the Incumbent Board at the time of the execution of the initial
      agreement or of the Board action providing for such Corporate Transaction
      constitute at least a majority of the members of the board of directors of
      the corporation resulting from such Corporate Transaction; or
	 	 	 	 
	 		(iv) 	
      The approval by the stockholders of the Company of a
      complete liquidation or dissolution of the Company;

	 	 	 	 
	 	(d) 	
      Any sale or other issuance of any equity interest, shares
      of capital or other securities of the Company or any of its
      subsidiaries;

	 	 	 	 
	 	(e) 	
      Any declaration, accrual, set aside or payment of any
      dividend or other distribution in respect of any equity interest or any
      shares of capital stock or other securities of the Company or any
      repurchase or redemption of any equity interest or any shares of capital
      stock or other securities of the Company; or

	 	 	 	 
	 	(f) 	
      Any agreement, commitment or offers of the Company or any
      of its subsidiaries, whether or not in writing, to take of the actions
      prohibited by clauses (a) through (e);

provided however, that
neither the consummation of the transactions contemplated by this Agreement, the
Exchange Transaction, nor any of the other transactions contemplated hereby will
be deemed to be a “Change of Control” or otherwise prohibited by the covenants
contained in this Section SECTION 3.3. . 

SECTION 3.4. The Grantor will cause Wise Winning and each of
its subsidiaries to preserve intact the business and management organization of
Wise Winning and all of its subsidiaries. 

7 

ARTICLE IV 

EVENTS OF DEFAULT AND TERMINATION 

SECTION 4.1. Events of Default. The occurrence at
any time with respect to a Party (the “Defaulting Party”) of any
of the following events will constitute an event of default (an “Event of
Default”) with respect to such Party:

	 	(a) 	
      Failure to Pay or Deliver. The failure by a Party
      to make, when due, any payment under this Agreement or deliver the Option
      Shares in accordance with this Agreement, if such failure is not remedied
      on or before the third (3rd ) Business Day after notice of such
      failure is given to the Defaulting Party.

	 	 	 
	 	(b) 	
      Breach of Agreement. The failure by a Party to
      comply with or perform any agreement, covenant or obligation (other than a
      failure described in Section SECTION 4.1. (a), which will be
      governed by Section SECTION 4.1. (a)) to be complied with or
      performed by such Party in accordance with this Agreement if such failure
      is not remedied on or before the tenth (10th ) Business Day
      after notice of such failure is given to the Defaulting Party.

	 	 	 
	 	(c) 	
      Bankruptcy. A Party (1) is dissolved (other than
      pursuant to a consolidation, amalgamation or merger); (2) becomes
      insolvent or is unable to pay its debts or fails or admits in writing its
      inability generally to pay its debts as they become due; (3) makes a
      general assignment, arrangement or composition with or for the benefit of
      its creditors; (4) institutes or has instituted against it a proceeding
      seeking a judgment of insolvency or bankruptcy or any relief under any
      Bankruptcy Law, or a petition is presented for its winding-up or
      liquidation, and in the case of any such proceeding or petition instituted
      or presented against it, such proceeding or petition (A) results in a
      judgment of insolvency or bankruptcy or the entry of an order for relief
      or the making of an order for its winding-up or liquidation or (B) is not
      dismissed, discharged, stayed or restrained in each case within thirty
      (30) days of the institution or presentation thereof; (5) has a resolution
      passed for its winding-up, official management or liquidation (other than
      pursuant to a consolidation, amalgamation or merger); (6) seeks or becomes
      subject to the appointment of an administrator, provisional liquidator,
      conservator, receiver, trustee, custodian or other similar official for it
      or for all or substantially all of its assets; (7) has a secured party
      take possession of all or substantially all of its assets or has a
      distress, execution, attachment, sequestration or other legal process
      levied, enforced or sued on or against all or substantially all of its
      assets and such secured party maintains possession, or any such process is
      not dismissed, discharged, stayed or rescinded, in each case within thirty
      (30) days thereafter; (8) causes or is subject to any event with respect
      to it that, under applicable Law, has an analogous effect to any of the
      events described in clauses (1) through (7); or (9) takes any action in
      furtherance of, or indicating its consent to, approval of, or acquiescence
      in, any of the foregoing acts.

SECTION 4.2. Termination.

8 

	 	(a) 	
      If at any time an Event of Default with respect to a
      Party has occurred and is continuing, the other Party may terminate this
      Agreement and deem the Expiration Date to have occurred by giving written
      notice to the Defaulting Party specifying the relevant Event of
      Default.

	 	 	 
	 	(b) 	
      Unless otherwise terminated pursuant to Section
      SECTION 4.2. (a), this Agreement will terminate on the earlier of the
      Expiration Date and the date on which one hundred percent (100%) of the
      Option Shares have been transferred and conveyed to the Optionee
      hereunder.

ARTICLE V 

MISCELLANEOUS PROVISIONS 

SECTION 5.1. Further Assurances. Each
Party will execute and/or cause to be delivered to each other Party such
instruments and other documents, and will take such other actions, as such other
Party may reasonably request for the purpose of carrying out or evidencing any
of the transactions contemplated by this Agreement.

SECTION 5.2. Notices. Any notice or other
communication required or permitted to be delivered to any Party will be in
writing and will be deemed properly delivered, given and received upon dispatch
by hand, courier or express delivery service with receipt confirmed by signature
of the addressee, to the address set forth beneath the name of such Party below
(or to such other address as such Party may specify in a written notice given to
the other Parties): 

	 	               
                         
         If to the 	No. 57, Building 2, Yard 18, Xishilipu South
  
	 	  	Road, Zhongyuan District, Zhengzhou City,

	 	Grantor: 	Henan Province, China 
	 	 	 
	 	 	 
	 	               
                         
         If to the 	Henan Kaifeng Desheng Boiler Co., Ltd, 
	 	  	Huayuan Road #12, Kaifeng City, Henan 
	 	Optionee: 	Province, China. 

SECTION 5.3. Time of The Essence. Time is
of the essence of this Agreement. 

SECTION 5.4. Headings, Gender and Usage. The
headings contained in this Agreement are for convenience of reference only, will
not be deemed to be a part of this Agreement and will not be referred to in
connection with the construction or interpretation of this Agreement. For
purposes of this Agreement: (a) the words “include” and “including” will be
taken to include the words, “without limitation;” and (b) whenever the context
requires, the singular number will include the plural, and vice versa; and each
of the masculine, feminine and neuter genders will refer to the others. 

9 

SECTION 5.5. Governing Law and Language. This
Agreement, including all matters of construction, validity and performance, will
in all respects be governed by, and construed in accordance with, the laws of
Hong Kong (without giving effect to principles relating to conflict of laws).
This Agreement is written in English and the English language will govern any
interpretation of this Agreement. 

SECTION 5.6. Venue and Jurisdiction. If any legal
proceeding or other legal action relating to this Agreement is brought or
otherwise initiated, the venue therefore will be in Hong Kong, which will be
deemed to be a convenient forum. Each of the Parties hereby expressly and
irrevocably consents and submits to the jurisdiction of the courts in Hong Kong.

SECTION 5.7. Interpretation. Each Party
acknowledges that it has participated in the drafting of this Agreement, and any
applicable rule of construction to the effect that ambiguities are to be
resolved against the drafting party may not be applied in connection with the
construction or interpretation of this Agreement. 

SECTION 5.8. Successors and Assigns. Each of the
Parties will not assign this Agreement or any rights or obligations hereunder
without the prior written consent of each other Party. This Agreement is binding upon, inures to the benefit of and is
enforceable by Optionee, Grantor and their respective successors and assigns. 

SECTION 5.9. Waiver. 

	 	(a) 	
      No failure on the part of any Person to exercise any
      power, right, privilege or remedy under this Agreement, and no delay on
      the part of any Person in exercising any power, right, privilege or remedy
      under this Agreement, will operate as a waiver of such power, right,
      privilege or remedy; and no single or partial exercise of any such power,
      right, privilege or remedy will preclude any other or further exercise
      thereof or of any other power, right, privilege or remedy.

	 	 	 
	 	(b) 	
      No Person will be deemed to have waived any claim arising
      out of this Agreement, or any power, right, privilege or remedy under this
      Agreement, unless the waiver of such claim, power, right, privilege or
      remedy is expressly set forth in a written instrument duly executed and
      delivered on behalf of such Person; and any such waiver will not be
      applicable or have any effect except in the specific instance in which it
      is given.

SECTION 5.10. Entire Agreement; Amendment. This
Agreement sets forth the entire understanding of the Parties relating to the
subject matter hereof and supersedes all prior agreements and understandings
among or between any of the parties relating to the subject matter thereof. Any
term of this Agreement may be amended only with the written consent of each
Party. 

SECTION 5.11. Severability. In the event that any
provision of this Agreement, or the application of any such provision to any
Person or set of circumstances, will be determined to be invalid, unlawful, void
or unenforceable to any extent, the remainder of this Agreement, and the
application of such provision to Persons or circumstances other than those as to which it is determined to be invalid,
unlawful, void or unenforceable, will not be impaired or otherwise affected and
will continue to be valid and enforceable to the fullest extent permitted by
law. 

10 

SECTION 5.12. Counterparts. This Agreement
may be executed in several counterparts, each of which will constitute an
original and all of which, when taken together, will constitute one
agreement. 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

11 

IN WITNESS WHEREOF, the Parties have caused this Option
Agreement to be executed and delivered as of the date first set forth above.

	“GRANTOR” 	“OPTIONEE” 
	SHIYONG FAN 	HONGHAI ZHANG

	 	 
	 	 
	/s/ Shiyong Fan 	/s/ Honghai Zhang 
	Name: Shiyong Fan 	Name: Honghai Zhang 

Attachments:

	Exhibit A 	Certain Definitions 
	  	Exhibit B    Form of
      Option Exercise Notice 

12 

EXHIBIT A 
CERTAIN DEFINITIONS

For purposes of this Agreement (including this Exhibit
A): 

“Bankruptcy Law” means any Law of any
jurisdiction relating to bankruptcy, insolvency, corporate reorganization,
company arrangement, civil rehabilitation, special liquidation, moratorium,
readjustment of debt, appointment of a conservator, trustee or receiver, or
similar debtor relief. 

“Board” is defined in Section SECTION 3.3.
(c)(i). 

“Business Day” means a day on which the
commercial banks located in Hong Kong are open for regular business. 

“Change of Control” is defined in Section
SECTION 3.3. (c). 

“China Niceview” is defined in the Recitals.
“

Company” is defined in Section SECTION
3.3. 

“Corporate Transaction” is defined in Section
SECTION 3.3. (c)(iii). 

“Effective Date” is defined in the Preamble. 

“Encumbrance” means any lien, pledge,
hypothecation, charge, mortgage, security interest, encumbrance, equity, trust,
equitable interest, claim, preference, right of possession, lease, tenancy,
license, encroachment, covenant, infringement, interference, order, proxy,
option, right of first refusal, preemptive right, community property interest,
legend, defect, impediment, exception, reservation, limitation, impairment,
imperfection of title, condition or restriction of any nature (including any
restriction on the transfer of any asset, any restriction on the receipt of any
income derived from any asset, any restriction on the use of any asset and any
restriction on the possession, exercise or transfer of any other attribute of
ownership of any asset). “Exchange Act” is defined in Section
SECTION 3.3. (c)(i). 

“Exchange Agreement” is defined in the Recitals.

“Exchange Shares” is defined in the Recitals.

“Exchange Transaction” is defined in the
Recitals. 

“Exercise Date” is defined in Section SECTION
1.3. 

“Exercise Notice” is defined in Section
SECTION 1.3. 

“Expiration Date” is defined in Section
SECTION 1.2.

“GAAP” means generally accepted accounting
principles consistently applied during the relevant period. 

“Governmental Body” means any: (a) nation,
principality, state, commonwealth, province, territory, county, municipality,
district or other jurisdiction of any nature; (b) federal, state, local,
municipal, foreign or other government; (c) governmental or quasi-Governmental
Body of any nature (including any governmental division, subdivision,
department, agency, bureau, branch, office, commission, council, board,
instrumentality, officer, official, representative, organization, unit, body or
Entity and any court or other tribunal); (d) multi-national organization or
body; or (e) individual, Entity or body exercising, or entitled to exercise, any
executive, legislative, judicial, administrative, regulatory, police, military
or taxing authority or power of any nature. 

“Grantor” is defined in the Preamble. 

“Incumbent Board” is defined in Section
SECTION 3.3. (c)(i). 

“Law” means any national, federal, state, local,
municipal, foreign or other law, statute, legislation, constitution, principle
of common law, resolution, ordinance, code, edict, decree, proclamation, treaty,
convention, rule, regulation, ruling, directive, pronouncement, requirement,
specification, determination, decision, opinion or interpretation issued,
enacted, adopted, passed, approved, promulgated, made, implemented or otherwise put into
effect by or under the authority of any Governmental Body. 

“Option Period” is defined in Section
SECTION 1.2. 

“Option Price” is defined in
Section SECTION 1.4. (a). 

“Option Right” is defined in
Section SECTION 1.1. 

“Option Shares” is defined in Section
SECTION 1.1. 

“Optionee” is defined in the Preamble. 

“Outstanding Common Stock” is
defined in Section SECTION 3.3. (c)(i). 

“Outstanding Voting Securities”
is defined in Section SECTION 3.3. (c)(i). 

“Party” and “Parties” are defined in the Preamble
to this Agreement. 

“Person” means an individual, a corporation, a
partnership, an association, a trust or other entity or organization, including
a government or political subdivision or an agency or instrumentality thereof,
except as used in 0, where its meaning is defined in Section SECTION
3.3. (c)(i). 

“Registration Statement Effective Date” is
defined in Section SECTION 1.2. 

“Shell Company” is defined in
the Recitals. 

“US GAAP” means United States Generally Accepted
Accounting Principles consistently applied. 

“WFOE” is defined in the
Recitals. 

“Wise Winning” is defined in
the Preamble. 

EXHIBIT B 
FORM OF OPTION EXERCISE NOTICE

[Date] 

[________________] (the “Grantor”) 
[________________]

[________________] 
Attention: [_______] 

	 	Re: 	Option Agreement dated [ • ] (the “Option
      Agreement”), between Honghai Zhang (the “Optionee”) and Shiyong Fan (the
      “Grantor”) 

Dear Sir: 

In accordance with Section 1.4 of the Option Agreement,
the Optionee hereby provides this notice of exercise of the Option Right in the
manner specified below: 

	 	(a) 	
      The Optionee hereby exercises its Option Right with
      respect to the Option Shares pursuant to the Option Agreement.

	 	 	 
	 	(b) 	
      The Optionee will pay the sum of US$____________to the
      Grantor.

	 	 	 
	 	(d) 	
      Pursuant to this exercise, the Grantor will deliver to
      _______________the Option Shares in accordance with the instructions
      attached hereto.

Dated: _______________, ______

_____________________________________
Honghai Zhang

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