Document:

Exhibit 10.2

 

Investment Cooperation Agreement

 

This Investment Cooperation Agreement (hereinafter referred
to as “this Agreement”) is made and entered into by and between the following parties in Shenzhen, the People’s
Republic of China (hereinafter referred to as “China”) on May 19, 2016 (hereinafter referred to as “the Date
of Signature”):

 

Party A:  Shenzhen PowTech Equity Investment LP

 

Domicile:  Room 201, Building A, Qianwan No.1 Rd.,
Qianhai District, Shenzhen

 

Managing Partner:  Liping Zhao

 

Party B:  Shenzhen Highpower Technology Co., Ltd.  

 

Registered Address:  Bldg. 1, No. 68, Xinsha Road,
Pinghu Street, Longgang District, Shenzhen

 

Legal Representative:  Pan Dangyu

 

Party C:  Pan Dangyu

 

Domicile:  Room 604, Elevator 2, Bldg. 34, No. 463
Yard, Shougouling Road, Tianhe District, Guangzhou

 

The Borrower, the Lender and the Guarantor in this Agreement
are hereinafter referred to collectively as “the Parties” and individually as “one Party”.

 

Whereas:

 

1.  Party A is an equity investment company;

 

2.  Party B is a limited liability company duly established
and validly existing under the laws of China and a provider of overall solutions for Nickel-Hydrogen charging batteries of China
and other clean energy sources; and

 

3.  Party C is the actual controller of Party B.

 

Party A, main management of Party B, and Party C propose to
subscribe the shares targeted additionally issued by Anshan Co-Operation (Group) Co., Ltd. (hereinafter referred to as “Anshan
Co-Operation”), and Anshan Co-Operation shall use the subscribed capital for increasing capital (hereinafter referred to
as “the Investment”) to all new energy assets owned by Party C at home, including Party B’s new energy assets;
meanwhile, Party A shall provide Party b with a loan equivalent to the shares-subscribing money for Party B’s business development
prior to implementation of the Investment and as the premise for participating in targeted additional issuance of shares by Anshan
Co-Operation (hereinafter referred to as “the Loan”).

 

Through friendly consultation, the Parties achieve the terms
and conditions of this Agreement as follows:

 

1.  Loan. 

 

1.1.  Party A agrees to provide Party B with a loan
of RMB20,000,000.00 according to the terms and conditions of this Agreement. The Loan shall not be used for any purpose
other than Party B’s business development, except otherwise agreed by Party A in written form in advance. Party B agrees
to borrow the said Loan according to the terms and conditions of this Agreement.

 

1.2.  Party A agrees to pay RMB20,000,000.00 to the
Borrower’s designated account agreed in sub-clause 1.3 of this Agreement within five working days after signature of this
Agreement.

 

1.3.  To receive the Loan from Party A, Party B has
opened a bank account with the specific information as follows:

 

Opening Bank:  Bank of China Shenzhen Pinghu Sub-branch

 

    	 	 	 

     

    

 

Account Name:  Shenzhen Highpower Technology Co.,
Ltd.  

 

Account No.:  744 5579 38816

 

On the date of receiving of the Loan in full, Party B shall
issue an acknowledgement receipt to Party A, indicating the time of receiving and amount of the full Loan. Party B shall sign the
receipt for confirmation.

 

1.4.  Party C agrees to make warranty to Party A and
irrevocably and unconditionally agrees to perform Party B’s obligations and responsibilities under the Loan Agreement and
bear joint and several suretyship liability for Party A, including but not limited to timely and full repayment of the Loan principal
and other relevant expenses (including but not limited to penalty, damages and debt recovery cost, if any).  

 

1.5.  The time limit of the Loan (hereinafter referred
to as “the Loan Term”) shall be till the date when Anshan Co-Operation transfers the Borrower’s increased capital
to the special account for increased capital but shall not be later than August 31, 2017.

 

1.6.  The Parties agree that the annual interest rate
of the Loan under this Agreement is [5.66%] (30% higher than the interest rate for one-year RMB loans of the same period). Interest
of the Loan shall be calculated on the basis of 360 days a year and shall be charged according to the actual amount withdrawn and
the number of days of occupation from the date of withdrawal.

 

2.  Repayment.

 

2.1.  Party B shall repay Party A the Loan in full
and the interest thereof prior to expiration of the Loan Term. Party B shall make repayment in full to the bank account then notified
by Party A in written form.

 

2.2.  Party B promises to repay Party A’s principal
and interest of the Loan in full in a lump sum within five working days after the increased capital is transferred to the special
account for increased capital. Party C shall bear joint and several suretyship liability for Party B’s obligation of repayment
under this Agreement.

 

2.3  After notifying Party A in written form, Party
B may prepay all or part of the Loan and interest thereof prior to expiration of the Loan Term.

 

3.  Investment.

 

3.1.  Party A shall invest RMB20,000,000.00
for subscribing the shares targeted additionally issued by Anshan Co-Operation.

 

3.2.  Party C promises and ensures to promote Party
A or the third party designated by Party A to subscribe the shares of Anshan Co-Operation and the total amount of Investment shall
not be lower than RMB20,000,000.00, except that Party A or the third party designated by Party A does not meet the subscription
qualifications and the Investment is not approved by Anshan Co-Operation or the internal decision-making department of Party B.

 

4.  Breach of contract and liability for breach
of contract.

 

4.1.  Breach of contract

 

The Party concerned shall be deemed as having conducted breach
of contract (hereinafter referred to as “Breach”) if:

 

(a)  Party B uses the Loan hereunder for other purpose
not agreed in this Agreement;

 

(b)  Party B delays in repayment of the principal
and interest of the Loan;

 

(c)  Party A or the third party designated by Party
A is unable to subscribe the shares targeted additionally issued by Anshan Co-Operation due to causes attributable to Party B and/or
Party C, unless otherwise provided herein;

 

(d)  Party B and/or Party C violates other stipulations
of this Agreement.

 

    	 	 	 

     

    

 

4.2.  Liability for breach of contract:

 

4.2.1.  In the event that Party B delays repayment
of the principal and interest, Party B shall pay Party A 0.1% of the principal and interest of the Loan as late fee per each day
overdue.

 

4.2.2.  When the Event of Default by a Party (the
“Breaching Party”) occurs, the non-breaching Party shall be entitled to take one or several of the following remedies
to protect its rights:

 

(1)  To require the Breaching Party to cure the default
and continue to perform its obligations;

 

(2)  To suspend the performance of its obligations
until the Breaching Party has cured the default; the non-breaching Party shall not be deemed to have failed to perform or delayed
in performing its obligations if it suspends its performance of obligations according to this paragraph;

 

(3)  To unilaterally terminate this Agreement by issuing
written notice, and such termination notice shall enter into force on the date of issuance; however, the non-breaching Party shall
not be deemed to have waived any right to require the Breaching Party to bear liabilities for default according to laws when it
issues a unilateral notice of termination;

 

(4)  To require the Breaching Party to indemnify the
non-breaching Party against all economic losses,  including the expenses actually incurred for the loan, other foreseeable
economic losses, and the expenses incurred by the non-breaching Party for litigation or arbitration in connection therewith; and

 

(5)  Other types of remedies agreed or stipulated
by the laws and regulations.

 

5.  Confidentiality.

 

The Parties acknowledge and confirm that any oral or written
materials in connection with this Agreement or its contents or exchanged by the other Party for the preparation or performance
of this Agreement or this transaction shall be deemed confidential information. Each Party shall keep confidentiality of all of
such confidential information, and shall not disclose any confidential information to any third parties without the prior written
consent of the other Party, except for the information as follows:(a)any
information known to the public (only applicable when such information is not disclosed to the public by the receiving Party of
confidential information without authorization);(b)any
information to be disclosed as required by the applicable laws and regulations, stock trading rules or orders of government agencies
or courts; or (c) information needed to be disclosed by any Party to its affiliates, legal or financial advisors in connection
with the transaction contemplated hereunder on this transaction, provided that such affiliates, legal or financial advisors shall
comply with confidentiality responsibilities similar to those set forth hereunder. In the event that any employee of a Party or
any agency hired by a Party violates the confidential clause, such Party shall be deemed to have violated the confidential clause
and shall be subject to liabilities for default. This section shall survive after this Agreement is terminated for whatever reasons.

 

6.  Governing Law and Dispute Resolution.

 

6.1.  This Agreement shall be governed by PRC laws
in respect of its execution, performance, validity, interpretation, amendment and termination and so it is with resolving the disputes.

 

6.2.  Each Party hereto shall resolve disputes arising
from the interpretation or performance of this Agreement through friendly negotiation. If a dispute is unable to be settled within
ten (10) days after one Party gives to the other Party a written notice on requesting consultation on the dispute, any party may
submit the dispute to Shenzhen Arbitration Commission and arbitration shall be made according to the effective arbitration rules
of the Commission and the following provisions in Shenzhen:

 

(a)  Arbitration shall be made in Chinese. The arbitral
tribunal is composed of three (3) arbitrators. The applicant and the respondent each shall designate one arbitrator, and the arbitration
center shall designate the third arbitrator;

 

(b)  The arbitral award shall be final and binding
upon the Parties, and shall be enforced according to the clauses of the award.

 

    	 	 	 

     

    

 

(c)  The arbitration fee shall be borne by the losing
party ruled in the arbitral award.

 

6.3.  During the consultation and arbitration period,
the Parties shall continue to perform this Agreement without interruption, except the matters in dispute.

 

7. Miscellaneous.  

 

7.1.  This Agreement shall come into force as of the
date of the signature of the Parties.

 

7.2.  Amendment and supplementation to this Agreement
shall be made in written form. Any and all amendment agreements and/or supplementary agreements to this Agreement amongst the Parties
hereto shall be an integral part of this Agreement and have the same equal legal force as this Agreement.

 

7.3.  Without the other parties’ written consent,
any Party may not transfer to a third party all or part of its rights and obligations under this Agreement. However, the Lender
may at any time transfer to the Lender’s affiliated party all or part of its rights and obligations under this Agreement
(including but not limited to the loan provided by the affiliated party of the Lender).

 

7.4.  This Agreement is originally written in Chinese
and made out in three originals for the Parties hereto each holding one, which shall be equally authentic.

 

(The remainder of this page is intentionally left blank.)

 

    	 	 	 

     

    

 

(The remainder of this page is intentionally left blank for
signature of the Investment Cooperation Agreement.) 

 

IN WITNESS WHEREOF, the authorized representatives of the Parties
hereto sign this Agreement on the date first above written.

 

Party A:  Shenzhen PowTech Equity Investment LP

 

Signature:  Liping Zhao (Signature and official
seal)

 

Party B:  Shenzhen Highpower Technology Co., Ltd.
(Official Seal)  

 

Shenzhen Highpower Technology Co., Ltd. (Official Seal) 

 

Legal Representative (or Authorized Representative):

 

Party C:  Pan Dangyu

 

Signature:  Pan Dangyu (Signature)Exhibit 10.3

 

Investment Cooperation Agreement

 

This Investment Cooperation Agreement (hereinafter referred
to as “this Agreement”) is made and entered into by and between the following parties in Shenzhen, the People’s
Republic of China (hereinafter referred to as “China”) on May 19, 2016 (hereinafter referred to as “the Date
of Signature”):

 

Party A:  Wei Linwei  

 

Domicile:  Room 506, No. 6, Zhusigang Sima Road, Dongshan
District, Guangzhou

 

Party B:  Shenzhen Highpower Technology Co., Ltd.  

 

Registered Address:  Bldg. 1, No. 68, Xinsha Road,
Pinghu Street, Longgang District, Shenzhen

 

Legal Representative:  Pan Dangyu

 

Party C:  Pan Dangyu

 

Domicile:  Room 604, Elevator 2, Bldg. 34, No. 463
Yard, Shougouling Road, Tianhe District, Guangzhou

 

The Borrower, the Lender and the Guarantor in this Agreement
are hereinafter referred to collectively as “the Parties” and individually as “one Party”.

 

Whereas:

 

1.  Party A is a natural person with full capacity
for civil conducts;

 

2.  Party B is a limited liability company duly established
and validly existing under the laws of China and a provider of overall solutions for Nickel-Hydrogen charging batteries of China
and other clean energy sources; and

 

3.  Party C is the actual controller of Party B.

 

Party A, main management of Party B, and Party C propose to
subscribe the shares targeted additionally issued by Anshan Co-Operation (Group) Co., Ltd. (hereinafter referred to as “Anshan
Co-Operation”), and Anshan Co-Operation shall use the subscribed capital for increasing capital (hereinafter referred to
as “the Investment”) to all new energy assets owned by Party C at home, including Party B’s new energy assets;
meanwhile, Party A shall provide Party b with a loan equivalent to the shares-subscribing money for Party B’s business development
prior to implementation of the Investment and as the premise for participating in targeted additional issuance of shares by Anshan
Co-Operation (hereinafter referred to as “the Loan”).

 

Through friendly consultation, the Parties achieve the terms
and conditions of this Agreement as follows:

 

1.  Loan. 

 

1.1.  Party A agrees to provide Party B with a loan
of RMB50,000,000.00 according to the terms and conditions of this Agreement. The Loan shall not be used for any purpose
other than Party B’s business development, except otherwise agreed by Party A in written form in advance. Party B agrees
to borrow the said Loan according to the terms and conditions of this Agreement.

 

1.2.  Party A agrees to pay RMB10,000,000.00 to the
Borrower’s designated account agreed in sub-clause 1.3 of this Agreement within five working days after signature of this
Agreement, i.e. prior to May 24, 2016, and pay RMB40,000,000.00 to the designated account notified by the Borrower in writing prior
to September 30, 2016.

 

1.3.  To receive the Loan from Party A, Party B has
opened a bank account with the specific information as follows:

 

Opening Bank:  Bank of China Shenzhen Pinghu Sub-branch

 

    	 	 	 

     

    

  

Account Name:  Shenzhen Highpower Technology Co.,
Ltd.  

 

Account No.:  744 5579 38816

 

On the date of receiving of the Loan in full, Party B shall
issue an acknowledgement receipt to Party A, indicating the time of receiving and amount of the full Loan. Party B shall sign the
receipt for confirmation.

 

1.4.  Party C agrees to make warranty to Party A and
irrevocably and unconditionally agrees to perform Party B’s obligations and responsibilities under the Loan Agreement and
bear joint and several suretyship liability for Party A, including but not limited to timely and full repayment of the Loan principal
and other relevant expenses (including but not limited to penalty, damages and debt recovery cost, if any).  

 

1.5.  The time limit of the Loan (hereinafter referred
to as “the Loan Term”) shall be till the date when Anshan Co-Operation transfers the Borrower’s increased capital
to the special account for increased capital but shall not be later than August 31, 2017.

 

1.6.  The Parties agree that the annual interest rate
of the Loan under this Agreement is [5.66%] (30% higher than the interest rate for one-year RMB loans of the same period). Interest
of the Loan shall be calculated on the basis of 360 days a year and shall be charged according to the actual amount withdrawn and
the number of days of occupation from the date of withdrawal.

 

2.  Repayment.

 

2.1.  Party B shall repay Party A the Loan in full
and the interest thereof prior to expiration of the Loan Term. Party B shall make repayment in full to the bank account then notified
by Party A in written form.

 

2.2.  Party B promises to repay Party A’s principal
and interest of the Loan in full in a lump sum within five working days after the increased capital is transferred to the special
account for increased capital. Party C shall bear joint and several suretyship liability for Party B’s obligation of repayment
under this Agreement.

 

2.3.  After notifying Party A in written form, Party
B may prepay all or part of the Loan and interest thereof prior to expiration of the Loan Term.

 

3.  Investment. 

 

3.1.  Party A shall invest RMB50,000,000.00
for subscribing the shares targeted additionally issued by Anshan Co-Operation.

 

3.2.  Party C promises and ensures to promote Party
A or the third party designated by Party A to subscribe the shares of Anshan Co-Operation and the total amount of Investment shall
not be lower than RMB50,000,000.00, except that Party A or the third party designated by Party A does not meet the subscription
qualifications and the Investment is not approved by Anshan Co-Operation or the internal decision-making department of Party B.

 

3.3.  Party B makes commitments that, Party B shall,
ten working days prior to the expiry date of the increased capital payment term agreed in the share subscription agreement between
Party A and Anshan Co-Operation (Group) Co., Ltd., repay Party A the aforesaid Loan RMB50,000,000.00. And the expenses arising
from matters concerning raising of funds shall be borne by Party B.

 

4.  Breach of contract and liability for breach
of contract. 

 

4.1.  Breach of contract.

 

The Party concerned shall be deemed as having conducted breach
of contract (hereinafter referred to as “Breach”) if:

 

(a)  Party B uses the Loan hereunder for other purpose
not agreed in this Agreement;

 

(b)  Party B delays in repayment of the principal
and interest of the Loan;

 

    	 	 	 

     

    

  

(c)  Party A or the third party designated by Party
A is unable to subscribe the shares targeted additionally issued by Anshan Co-Operation due to causes attributable to Party B and/or
Party C, unless otherwise provided herein;

 

(d)  Party B and/or Party C violates other stipulations
of this Agreement.

 

4.2.  Liability for breach of contract:

 

4.2.1.  In the event that Party B delays repayment
of the principal and interest, Party B shall pay Party A 0.1% of the principal and interest of the Loan as late fee per each day
overdue.

 

4.2.2.  When the Event of Default by a Party (the
“Breaching Party”) occurs, the non-breaching Party shall be entitled to take one or several of the following remedies
to protect its rights:

 

(1)  To require
the Breaching Party to cure the default and continue to perform its obligations;

 

(2)  To suspend the performance of its obligations
until the Breaching Party has cured the default; the non-breaching Party shall not be deemed to have failed to perform or delayed
in performing its obligations if it suspends its performance of obligations according to this paragraph;

 

(3)  To unilaterally terminate this Agreement by issuing
written notice, and such termination notice shall enter into force on the date of issuance; however, the non-breaching Party shall
not be deemed to have waived any right to require the Breaching Party to bear liabilities for default according to laws when it
issues a unilateral notice of termination;

 

(4)  To require the Breaching Party to indemnify the
non-breaching Party against all economic losses,  including the expenses actually incurred for the loan, other foreseeable
economic losses, and the expenses incurred by the non-breaching Party for litigation or arbitration in connection therewith; and

 

(5)  Other types
of remedies agreed or stipulated by the laws and regulations.

 

5.  Confidentiality.

 

The Parties acknowledge and confirm that any oral or written
materials in connection with this Agreement or its contents or exchanged by the other Party for the preparation or performance
of this Agreement or this transaction shall be deemed confidential information. Each Party shall keep confidentiality of all of
such confidential information, and shall not disclose any confidential information to any third parties without the prior written
consent of the other Party, except for the information as follows:(a)any
information known to the public (only applicable when such information is not disclosed to the public by the receiving Party of
confidential information without authorization);(b)any
information to be disclosed as required by the applicable laws and regulations, stock trading rules or orders of government agencies
or courts; or (c) information needed to be disclosed by any Party to its affiliates, legal or financial advisors in connection
with the transaction contemplated hereunder on this transaction, provided that such affiliates, legal or financial advisors shall
comply with confidentiality responsibilities similar to those set forth hereunder. In the event that any employee of a Party or
any agency hired by a Party violates the confidential clause, such Party shall be deemed to have violated the confidential clause
and shall be subject to liabilities for default. This section shall survive after this Agreement is terminated for whatever reasons.

 

6.  Governing
Law and Dispute Resolution.

 

6.1.  This Agreement shall be governed by PRC laws
in respect of its execution, performance, validity, interpretation, amendment and termination and so it is with resolving the disputes.

 

6.2.  Each Party hereto shall resolve disputes arising
from the interpretation or performance of this Agreement through friendly negotiation. If a dispute is unable to be settled within
ten (10) days after one Party gives to the other Party a written notice on requesting consultation on the dispute, any party may
submit the dispute to Shenzhen Arbitration Commission and arbitration shall be made according to the effective arbitration rules
of the Commission and the following provisions in Shenzhen:

 

    	 	 	 

     

    

 

(a)  Arbitration shall be made in Chinese. The arbitral
tribunal is composed of three (3) arbitrators. The applicant and the respondent each shall designate one arbitrator, and the arbitration
center shall designate the third arbitrator.

 

(b)  The arbitral award shall be final and binding
upon the Parties, and shall be enforced according to the clauses of the award.

 

(c) The arbitration fee shall be borne by the losing party ruled
in the arbitral award.

 

6.3.  During the consultation and arbitration period,
the Parties shall continue to perform this Agreement without interruption, except the matters in dispute.

 

7.  Miscellaneous.

 

7.1.  This Agreement shall come into force as of the
date of the signature of the Parties.  

 

7.2.  Amendment and supplementation to this Agreement
shall be made in written form. Any and all amendment agreements and/or supplementary agreements to this Agreement amongst the Parties
hereto shall be an integral part of this Agreement and have the same equal legal force as this Agreement.

 

7.3.  Without the other parties’ written consent,
any Party may not transfer to a third party all or part of its rights and obligations under this Agreement. However, the Lender
may at any time transfer to the Lender’s affiliated party all or part of its rights and obligations under this Agreement
(including but not limited to the loan provided by the affiliated party of the Lender).

 

7.4.  This Agreement is originally written in Chinese
and made out in three originals for the Parties hereto each holding one, which shall be equally authentic.

 

(The remainder of this page is intentionally left blank.)

 

    	 	 	 

     

    

 

(The remainder of this page is intentionally left blank for
signature of the Investment Cooperation Agreement.) 

 

IN WITNESS WHEREOF, the authorized representatives of the Parties
hereto sign this Agreement on the date first above written.

 

Party A:  Wei Linwei

 

Signature:  Wei Linwei (Signature and Fingerprint)

 

Party B:  Shenzhen Highpower Technology Co., Ltd.
(Official Seal)  

 

Shenzhen Highpower Technology Co., Ltd. (Official Seal) 

Legal Representative (or Authorized Representative):

 

Party C:  Pan Dangyu

 

Signature:  Pan Dangyu (Signature)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00261-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00261-of-00352.parquet"}]]