Document:

Exhibit
10.17(a)

 

Contract NO: 0400000928-2015 Henggang
(Bao)zi 0009

GUARANTY CONTRACT OF MAXIMUM AMOUNT

 

IMPORTANT NOTE: This contract is in equal
and voluntary basis of the parties, all terms of the contract are both true meaning of them. To maintain the legitimate interests
of the guarantor, the creditor specially remind the guarantor to pay attention on the bold terms in the contract.

 

	Creditors:	Industrial and Commercial Bank of China Ltd, 
	 	Shenzhen Henggang Branch (hereinafter referred to as "Party A")
	 	 
	Person in charge:	Duoping Yang
	Business address:	Room 132/132A & 133, City Center Garden, Henggang 
	 	Street, Longgang District, Shenzhen
	 	 
	Guarantor:	Hong Kong Highpower Technology CO., LTD. 
	 	(herein after referred to as "Party B")
	 	 
	Legal representative:	Dangyu Pan 
	Business or Residence:	Room 4, Floor 13, Taiping industrial center, 51A, 
	 	Tingjiao Road, Dapu, Hong Kong

 

In order to ensure the realization of Party
A’s claims, Party B voluntarily provides security guarantee (counter-guarantee). To specify the rights and obligations, based
on "contract law", "Security Law" and other relevant laws and regulations, party A and B sides through equal
consultation and agreement, to enter into this contract.

 

Article 1
The Principal Creditor's Right Be Guaranteed

 

Item 1.1 The principal creditor's right guaranteed
by party B is the rights within the highest balance of RMB 30,000,000.00 (capital: thirty million yuan only) come from the contracts
entered by Party A and Shenzhen Highpower Technology Co. (hereinafter referred to as debtor) since Oct 1, 2015 to Oct 1, 2020 (including
the starting date and the expiration date of the period), the contracts including foreign currency loan contracts, exchange-loan
contract, bank acceptance agreement, letter of credit issuing agreement/contract, international and domestic trade financing agreements,
forward foreign exchange agreements and other financial derivative products agreements and other documents (hereinafter referred
to as the “main contract”) . Whether in the above period or not, the creditor always has the rights.

 

Item 1.2 The above mentioned maximum balance,
is the total RMB amount exchanged from other different currencies using the foreign exchange rate published by Party A on the day
Party B have the responsibility to guaranty the principal creditor’s right.

 

     

     

    

 

Article 2
Guaranty Method

 

The method party B undertakes the guarantee
responsibility is joint responsibility guarantee.

 

Article 3
Guaranty Coverage

 

The maximum guarantee Party B undertakes contains
creditor's principal, interest, Compound interest, punitive interest, Liquidated damages, Compensation for damage, exchange loss
(related exchange loss caused by exchange rate fluctuation) and the cost for realizing creditor’s right (including but not
limited to litigation fees, legal fees), the cost for realizing creditor’s right is not included in the maximum amount stated
in item 1.1.

 

Article 4
Guaranty Period

 

Item 4.1 If the main contract is a loan contract,
the guaranty period of the Contract is: two years after the expiration of the loan under the main contract; if Party A announces
that the loan expire in advance according to the item of the loan contract, the guaranty period of the Contract is two years starting
from the day after the advanced expiration date of the loan.

 

Item 4.2 If the main contract is a banker's
acceptance contract, the guaranty period is two years starting from the day after the date Party A pays to the third party.

 

Item 4.3 If the main contract is a guaranty
contract, the guaranty period is two years starting from the day after the date Party A performs the duty of guarantee.

 

Item 4.4 If the main contract is a letter
of credit issuing agreement / contract, the guaranty period is two years starting from the day after the date Party A pays the
amount of letters of credit.

 

Item 4.5 If the main contract is another financing
documents, the guaranty period is two years starting from the day after the expiration date or advanced expiration date of the
loan under the main contract.

 

Article 5
Party B’s Statement and Guarantee

 

Party B makes the following statement and
guarantee.

 

Item 5.1 Party B has the guarantor’s
qualifications, the guarantee for the Party A has acquired the necessary authorization or approval according to procedures and
jurisdiction of company constitution, will not violate laws and regulations and other relevant regulations.

 

     

     

    

 

Item 5.2 If Party B is a listed company or
a subsidiary of a listed company, will ensure to disclose the guarantee in time according to the requirements of "Securities
Act", "Stock Exchange Listing Rules" and other laws, rules and regulations.

 

Item 5.3 Party B has sufficient capacity to
assume the responsibilities, will not reduce or exempt the responsibilities because of any variation of instruction, financial
situation, or any agreement entered with any third party.

 

Item 5.4 Party B fully understands the purpose
of the loan under the main contract, voluntarily guarantee for the debtor, the meanings of the items in the main contract is fully
true. For domestic and international trade financing, Party B admit transaction basis of the financing is true and without fraud.

 

Item 5.5 All materials and information provided
to Party A are true, accurate and complete, without false record, misleading statement or significant omission.

 

Item 5.6 If the principal loan in the contract
is international trade financing that Party A provides to the debtor, then Party B accepts related international conventions about
related business.

 

Item 5.7 If Party B is a natural person, also
makes the following statement and guarantee:

 

A. With full civil rights
and full civil capacity;

B. With legitimate source
of income and adequate compensation capacity;

C.
Without malicious acts such as malicious default of bank loan’s principal and interest, malicious overdraft credit cards
and other malicious acts;

D. Without gambling, drug
abuse and other bad behavior or criminal record;

E. Spouse of Party B agrees
to provide the guarantees to Party A.

 

Article 6
Party B’s Commitment

 

Party B makes the following promises.

 

Item 6.1 If any of the following situations
happens, within five working days since Party A receives notice, with no conditions fulfill the responsibilities in the contract:

 

A. The outstanding debts
of debtor, includes maturity and early maturity;

B. If Party B or the
debtor seeks for bankruptcy or goes out of business, dissolution, liquidation, business for rectification, revocation of business
license, or be revoked.

 

     

     

    

 

Item 6.2 If Party A’s principal creditor's
right exists on collateralized object for guarantee, whether the collateralized object is provided by the debtor or by third party,
Party A has the right to request Party B to take responsibilities first, Party B can not raise a plea for this reason. If Party
A gives up, change or loss of other security interest, Party B's responsibility is still in effect, will not be invalid, deducted
or exempted.

 

Item 6.3 Upon Party A’s requests, provide
financial information, tax certificates and other financial documents that can timely reflect Party B’s financial situation.

 

Item 6.4 If any of the following situations
happens, with no need for agreement of Party B, Party B will continue to assume guarantee liability in the contract:

 

A. Party A and the debtor
negotiate to change main contract, without increasing Party B’s debt or extending debt’s maturity;

B. Under domestic and
international trade financing, Party A and the debtor modify letters of credit related to main contract, without increase the debtor's
payment obligations of letter of credit or extend the payment period;

C. Party A transfers the
debt to a third party.

 

Item 6.5 If provides any form of guarantee
to a third party, will not damage the interests of the Party A.

 

Item 6.6 If Party B has actions including
merger, divesture, reduction of capital, change of ownership, transfer of significant assets and liabilities, significant external
investment, increasing debt financing materially and other actions may adversely affect the rights of Party A, Party B should have
the written agreement of Party A in advance, or have made satisfactory arrangement for the guarantee responsibilities under the
contract. If not, Party A cannot engage in such actions.

 

Item 6.7 If any of the following situations
happens, Party B should notice Party A:

 

A. Change of charter,
business coverage, registered capital, the legal representative, change of ownership;

B. Go out of business,
dissolution, liquidation, business for rectification, revocation of business license, be revoked or bankruptcy;

C. Involved or maybe involved
in material economic disputes, litigation, arbitration, or the property was legally seized, detained or controlled;

D. If Party B is a natural
person, change of residence, work, contacts, etc.

E. Issuing corporate bonds,
short-term financing bonds or other direct financing methods to increase debt levels;

F. Have other large amount
of borrowing or external guarantees.

 

Item 6.8 React to the return notice from Party
A in time.

 

     

     

    

 

Item 6.9 In the buyer's financing, import
credit and import bills financing / import payment services in the domestic letters of credit, if happens following situations,
Party B should assume non-defense guarantee obligation, Party B should not propose exemption or defense because of any judicial
or administrative authorities issues stop-payment order, ban order or take measures such as closing down, detaining, freezing property
related to letters of credit:

 

A. Party A's nominee,
who has been authorized in accordance with the Party A's instructions, pays in good faith;

B. Party A or its nominee,
who has been authorized under the domestic letter of credit, issues payment confirmation in good faith or accepts credit documents
in letters of credit in good faith;

C. Confirming bank of
letter of credit fulfills the payment obligation in good faith;

D. Negotiating bank of
letter of credit negotiates to pay in good faith.

 

Item 6.10 In shipping guarantee, bills of
lading endorsed, authorized delivery business, Party B should not propose exemption or defense because of debtor's dishonored letters
of credit.

 

Article 7 Party A’s Commitment

 

Party A’s commitment: Keep non-public
information confidential which is in the relevant documents, financial documents and other related documents provided when Party
B carries out obligations, unless relevant laws and regulations or this contract has otherwise specified.

 

Article 8
Conformation of Principal Creditor’s Right

 

If one of the following situations happens,
the conformation of the maximum guarantee:

 

A. Expiration of the period
that Article 1.1 agreed;

B. No new debt will happen
again;

C. The debtor, Party B
is declared bankrupt or revoked;

D. Other cases stipulated
in laws.

 

Article 9
Breach of the Contract

 

Item 9.1 Once this contract is in effect,
either party fails to perform any obligation in the contract or violate any statement, guarantee and commitment in the contract,
then it is breach of contract. If one party causes losses to the other party because of the above reason, then should be compensated
to the other party.

 

     

     

    

 

Item 9.2 If Party B does not perform the guarantee
obligations in this contract, Party A has the right to deduct the money in all accounts that Party B opened in the Industrial and
Commercial Bank of China and its branches to pay off the debt in the main contract. If the currency of the deducted money and the
currency in the main contract is different, calculate the deduct amount using applicable rate published by Party A on deduct day.
The interest and other fees from the deduct day and the pay off day, and the difference for exchange rate fluctuations during the
period should be bear by Party B.

 

Item 9.3 Except the provisions in the contract,
if either party breaches the contract, the other party has the right to take measures provided by the PRC laws, regulations and
rules.

 

Article 10
Effect, Change and Terminate

 

Item 10.1 The contract is in effect since
the date of signing.

 

Item 10.2 Any change of this contract shall
be agreed by all parties involved and be made in writing. The changes of provisions and agreements are part of the contract, has
equal legal right with the contract. Except the changed part, the rest part of this contract is still valid, before the changes
is in effect, the original terms of this contract is still valid.

 

Item 10.3 Any provision of this contract is
invalid or unenforceable, will not affect the validity and enforceability of other provision, nor affect the validity of the contract.

 

Item 10.4 The change or termination of this
contract will not affect the right of all parties involved to require compensation. The termination of this contract, will not
affect the effectiveness of the dispute settlement provisions.

 

Article 11
Dispute Resolution

 

The sign, validity, interpretation, enforcement
and dispute settlement of this contract are applicable to PRC laws. Any disputes caused by or related to this contract, both parties
should resolve through negotiation. If negotiation fails, use the following method for resolution:

 

Resolves through litigation in court where
Party A locates.

 

Article 12
Other Provisions

 

Item 12.1 Without the written consent of Party
A, Party B cannot transfer whole or part of right or obligations in the contract.

 

     

     

    

 

Item 12.2 If Party A does not perform or perform
partially or perform delayed any right in the contract, does not affect the exercise of the right and any other change.

 

Item 12.3 Party A has the right to provide
the information of this contract and other related information to the credit information database of People’s Bank of China
or other legally established credit database according to relevant laws, regulations or other normative documents requirements
or financial regulatory requirements, for the purpose of inquiry and use by qualified organizations or individuals, and Party A
also has the right to inquiry Party B’s related information via credit information database of People’s Bank of China
or other legally established credit database, for the purpose of sign and perform this contract.

 

Item 12.4 The contract has two originals,
each side hold one with the same legal effect.

 

	Party A (seal): 	Industrial and Commercial Bank of China Ltd,

                                              Shenzhen Henggang Branch

	Person in Charge:	Duoping Yang
	 	 
	Party B:	Hong Kong Highpower Technology CO., LTD. 
	Legal Representative:	Dangyu PanExhibit
10.17(b)

 

Contract NO: 0400000928-2015 Henggang
(Bao)zi 0011

GUARANTY CONTRACT OF MAXIMUM AMOUNT

 

IMPORTANT NOTE: This contract is in equal
and voluntary basis of the parties, all terms of the contract are both true meaning of them. To maintain the legitimate interests
of the guarantor, the creditor specially remind the guarantor to pay attention on the bold terms in the contract.

 

	
        Creditors:

         

         
	
        Industrial and Commercial
Bank of China Ltd,

        Shenzhen Henggang Branch (hereinafter

        referred to as "Party A")

	Person in charge:	Duoping Yang
	
        Business Address:

         
	
        Room 132/132A & 133,
City Center Garden,

        Henggang Street, Longgang District, Shenzhen

	 	 
	
        Guarantor:

        
	
        Dangyu Pan (hereinafter referred
to as "PartyB")

	 	ID Number: 430104196803184316
	
        Business or Residence Address:

        463,

         
	
        Room 604, Floor 2, Building 34,
        Compound

        Shougouling Road, Tianhe District,
        Guangzhou,

        China

 

In ensure the realization of Party A’s
claims, Party B voluntarily provides security guarantee (counter-guarantee). To specify the rights and obligations of both parties,
party A and B enter into this contract, based on "contract law", "Security Law" and other relevant laws and
regulations.

 

Article 1 The Principal Creditor's Right Be Guaranteed

 

Item 1.1 The principal creditor's right guaranteed
by party B is the rights within the highest balance of RMB30,000,000.00 (capital: thirty million yuan only) come from the contracts
entered by Party A and Shenzhen Highpower Technology Co. (hereinafter referred to as debtor) since Oct 1th, 2015 to Oct 1th, 2020
(including the starting date and the expiration date of the period), the contracts including foreign currency loan contracts, exchange-loan
contract, bank acceptance agreement, letter of credit issuing agreement/contract, international and domestic trade financing agreements,
forward foreign exchange agreements and other financial derivative products agreements and other documents (hereinafter referred
to as the “main contract”) . Whether in the above period or not, the creditor always has the rights.

 

Item 1.2 The above mentioned maximum balance,
is the total RMB amount exchanged from other different currencies using the foreign exchange rate published by Party A on the day
Party B have the responsibility to guaranty the principal creditor’s right.

 

     

     

    

 

Article 2
Guaranty Method

 

The method party B undertakes the guarantee
responsibility is joint responsibility guarantee.

 

Article 3
Guaranty Coverage

 

The maximum guarantee Party B undertakes contains
creditor's principal, interest, compound interest, punitive interest, Liquidated damages, Compensation for damage, exchange loss
(related exchange loss caused by exchange rate fluctuation) and the cost for realizing creditor’s right (including but not
limited to litigation fees, legal fees), the cost for realizing creditor’s right is not included in the maximum amount stated
in item 1.1.

 

Article 4
Guaranty Period

 

Item 4.1 If the main contract is a loan contract,
the guaranty period of the Contract is: two years after the expiration of the loan under the main contract; if Party A announces
that the loan expire in advance according to the item of the loan contract, the guaranty period of the Contract is two years starting
from the day after the advanced expiration date of the loan.

 

Item 4.2 If the main contract is a banker's
acceptance contract, the guaranty period is two years starting from the day after the date Party A pays to the third party.

 

Item 4.3 If the main contract is a guaranty
contract, the guaranty period is two years starting from the day after the date Party A performs the duty of guarantee.

 

Item 4.4 If the main contract is a letter
of credit issuing agreement / contract, the guaranty period is two years starting from the day after the date Party A pays the
amount of letters of credit.

 

Item 4.5 If the main contract is another financing
documents, the guaranty period is two years starting from the day after the expiration date or advanced expiration date of the
loan under the main contract.

 

Article 5
Party B’s Statement and Guarantee

 

Party B makes the following statement and
guarantee.

 

Item 5.1 Party B has the guarantor’s
qualifications, the guarantee for the Party A has acquired the necessary authorization or approval according to procedures and
jurisdiction of company constitution, will not violate laws and regulations and other relevant regulations.

 

     

     

    

 

Item 5.2 If Party B is a listed company or
a subsidiary of a listed company, will ensure to disclose the guarantee in time according to the requirements of "Securities
Act", "Stock Exchange Listing Rules" and other laws, rules and regulations.

 

Item 5.3 Party B has sufficient capacity to
assume the responsibilities, will not reduce or exempt the responsibilities because of any variation of instruction, financial
situation, or any agreement entered with any third party.

 

Item 5.4 Party B fully understands the purpose
of the loan under the main contract, voluntarily guarantee for the debtor, the meanings of the items in the main contract is fully
true. For domestic and international trade financing, Party B admit transaction basis of the financing is true and without fraud.

 

Item 5.5 All materials and information provided
to Party A are true, accurate and complete, without false record, misleading statement or significant omission.

 

Item 5.6 If the principal loan in the contract
is international trade financing that Party A provides to the debtor, then Party B accepts related international conventions about
related business.

 

Item 5.7 If Party B is a natural person, also
makes the following statement and guarantee:

 

A. With full civil rights
and full civil capacity;

B. With legitimate source
of income and adequate compensation capacity;

C.
Without malicious acts such as malicious default of bank loan’s principal and interest, malicious overdraft credit cards
and other malicious acts;

D. Without gambling, drug
abuse and other bad behavior or criminal record;

E. Spouse of Party B agrees
to provide the guarantees to Party A.

 

Article 6
Party B’s Commitment

 

Party B makes the following promises.

 

Item 6.1 If any of the following situations
happens, within five working days since Party A receives notice, with no conditions fulfill the responsibilities in the contract:

A. The outstanding debts
of debtor, includes maturity and early maturity;

B. If Party B or the debtor
seeks for bankruptcy or goes out of business, dissolution, liquidation, business for rectification, revocation of business license,
or be revoked.

 

     

     

    

 

Item 6.2 If Party A’s principal creditor's
right exists on collateralized object for guarantee, whether the collateralized object is provided by the debtor or by third party,
Party A has the right to request Party B to take responsibilities first, Party B can not raise a plea for this reason. If Party
A gives up, change or loss of other security interest, Party B's responsibility is still in effect, will not be invalid, deducted
or exempted.

 

Item 6.3 Upon Party A’s requests, provide
financial information, tax certificates and other financial documents that can timely reflect Party B’s financial situation.

 

Item 6.4 If any of the following situations
happens, with no need for agreement of Party B, Party B will continue to assume guarantee liability in the contract:

 

A. Party A and the debtor
negotiate to change main contract, without increasing Party B’s debt or extending debt’s maturity;

B. Under domestic and
international trade financing, Party A and the debtor modify letters of credit related to main contract, without increase the debtor's
payment obligations of letter of credit or extend the payment period;

C. Party A transfers the
debt to a third party.

 

Item 6.5 If provides any form of guarantee
to a third party, will not damage the interests of the Party A.

 

Item 6.6 If Party B has actions including
merger, divesture, reduction of capital, change of ownership, transfer of significant assets and liabilities, significant external
investment, increasing debt financing materially and other actions may adversely affect the rights of Party A, Party B should have
the written agreement of Party A in advance, or have made satisfactory arrangement for the guarantee responsibilities under the
contract. If not, Party A cannot engage in such actions.

 

Item 6.7 If any of the following situations
happens, Party B should notice Party A:

 

A. Change of charter,
business coverage, registered capital, the legal representative, change of ownership;

B. Go out of business,
dissolution, liquidation, business for rectification, revocation of business license, be revoked or bankruptcy;

C. Involved or maybe involved
in material economic disputes, litigation, arbitration, or the property was legally seized, detained or controlled;

D. If Party B is a natural
person, change of residence, work, contacts, etc.

E. Issuing corporate bonds,
short-term financing bonds or other direct financing methods to increase debt levels;

F. Have other large amount
of borrowing or external guarantees.

 

Item 6.8 React to the return notice from Party
A in time.

 

     

     

    

 

 

Item 6.9 In the buyer's financing, import
credit and import bills financing / import payment services in the domestic letters of credit, if happens following situations,
Party B should assume non-defense guarantee obligation, Party B should not propose exemption or defense because of any judicial
or administrative authorities issues stop-payment order, ban order or take measures such as closing down, detaining, freezing property
related to letters of credit:

 

A. Party A's nominee,
who has been authorized in accordance with the Party A's instructions, pays in good faith;

B. Party A or its nominee,
who has been authorized under the domestic letter of credit, issues payment confirmation in good faith or accepts credit documents
in letters of credit in good faith;

C. Confirming bank of
letter of credit fulfills the payment obligation in good faith;

D. Negotiating bank of
letter of credit negotiates to pay in good faith.

 

Item 6.10 In shipping guarantee, bills of
lading endorsed, authorized delivery business, Party B should not propose exemption or defense because of debtor's dishonored letters
of credit.

 

Article 7
Party A’s Commitment

 

Party A’s commitment: Keep non-public
information confidential which is in the relevant documents, financial documents and other related documents provided when Party
B carries out obligations, unless relevant laws and regulations or this contract has otherwise specified.

 

Article 8
Conformation of Principal Creditor’s Right

 

If one of the following situations happens,
the conformation of the maximum guarantee:

 

A. Expiration of the period
that Article 1.1 agreed;

B. No new debt will happen
again;

C. The debtor, Party B
is declared bankrupt or revoked;

D. Other cases stipulated
in laws.

 

Article 9
Breach of the Contract

 

Item 9.1 Once this contract is in effect,
either party fails to perform any obligation in the contract or violate any statement, guarantee and commitment in the contract,
then it is breach of contract. If one party causes losses to the other party because of the above reason, then should be compensated
to the other party.

 

     

     

    

 

Item 9.2 If Party B does not perform the guarantee
obligations in this contract, Party A has the right to deduct the money in all accounts that Party B opened in the Industrial and
Commercial Bank of China and its branches to pay off the debt in the main contract. If the currency of the deducted money and the
currency in the main contract is different, calculate the deduct amount using applicable rate published by Party A on deduct day.
The interest and other fees from the deduct day and the pay off day, and the difference for exchange rate fluctuations during the
period should be bear by Party B.

 

Item 9.3 Except the provisions in the contract,
if either party breaches the contract, the other party has the right to take measures provided by the PRC laws, regulations and
rules.

 

Article 10
Effect, Change and Terminate

 

Item 10.1 The contract is in effect since
the date of signing.

 

Item 10.2 Any change of this contract shall
be agreed by all parties involved and be made in writing. The changes of provisions and agreements are part of the contract, has
equal legal right with the contract. Except the changed part, the rest part of this contract is still valid, before the changes
is in effect, the original terms of this contract is still valid.

 

Item 10.3 Any provision of this contract is
invalid or unenforceable, will not affect the validity and enforceability of other provision, nor affect the validity of the contract.

 

Item 10.4 The change or termination of this
contract will not affect the right of all parties involved to require compensation. The termination of this contract, will not
affect the effectiveness of the dispute settlement provisions.

 

Article 11
Dispute Resolution

 

The sign, validity, interpretation, enforcement
and dispute settlement of this contract are applicable to PRC laws. Any disputes caused by or related to this contract, both parties
should resolve through negotiation. If negotiation fails, use the following method for resolution:

 

Resolves through litigation in court where
Party A locates.

 

 

     

     

    

 

Article 12
Other Provisions

 

Item 12.1 Without the written consent of Party
A, Party B can not transfer whole or part of right or obligations in the contract.

 

Item 12.2 If Party A does not perform or perform
partially or perform delayed any right in the contract, does not affect the exercise of the right and any other change.

 

Item 12.3 Party A has the right to provide
the information of this contract and other related information to the credit information database of People’s Bank of China
or other legally established credit database according to relevant laws, regulations or other normative documents requirements
or financial regulatory requirements, for the purpose of inquiry and use by qualified organizations or individuals, and Party A
also has the right to inquiry Party B’s related information via credit information database of People’s Bank of China
or other legally established credit database, for the purpose of sign and perform this contract.

 

Item 12.4 The contract has two originals,
each side holds one with the same legal effect.

 

	Party A (seal): 	Industrial and Commercial Bank of China Ltd, 
	 	Shenzhen Henggang Branch
	Person in Charge:	Duoping Yang
	 	 
	Party B (signature):	Dangyu Pan
	 	ID Number: 430104196803184316

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00256-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00256-of-00352.parquet"}]]