Document:

Exhibit 10.49

 

AGREEMENT

 

AGREEMENT,
dated the 7th day of August, 2020, by and among Xuehui Fu, (“Noteholder”), SolarMax Technology, Inc., a Nevada corporation
(“SolarMax”), and Solarmax Renewable Energy Provider, Inc., a California corporation (“SREP,” and, together
with Noteholder and SolarMax, the “Parties” and each, individually, a “Party”)

 

W
I T N E S S E T H:

 

WHEREAS,
Noteholder is the holder of a 4% Secured Subordinated Convertible Promissory Note due July 2, 2025 in the principal amount of
$500,000, issued jointly and severally by SolarMax and SREP (the “Note”), which was issued pursuant to an agreement
(the “Note Agreement”) dated July 2, 2020, by and among the Noteholder, Clean Energy Funding, LP, a California limited
partnership, SolarMax and SREP; and

 

WHEREAS,
Noteholder desires to accept a payment of $330,000 (the “Payment”) in full satisfaction of all of SolarMax’
and SREP’s obligations under the Note and the Note Agreement;

 

WHEREFORE,
the parties agree as follows:

 

1. SolarMax
and SREP agree to make the Payment to Noteholder, and Noteholder agrees to accept the Payment, in full satisfaction of all of
SolarMax’ and SREP’s obligations to Noteholder pursuant to the Note and the Note Agreement. Contemporaneously with
the execution of this Agreement, Noteholder will deliver to SolarMax the Note for cancellation. SolarMax shall make the Payment
to Noteholder by cashier’s check within five business days of the later of the date of this Agreement or the receipt by
SolarMax of the Note.

 

2. Noteholder
represents and warrants to SolarMax and SREP as follows:

 

(a) Noteholder
has the sole record and beneficial ownership in and to the Note. Noteholder has not assigned, transferred, pledged or granted
a security interest in the Note or any interest in the Note to any person and has not made any agreement or understanding with
respect to the assignment, transfer or pledge of or grant of a security interest in the Note or any interest in the Note, other
than this Agreement.

 

(b) Noteholder
has not engaged or contacted any broker or finder in connection with the transaction contemplated by this Agreement. Noteholder
shall hold SolarMax and SREP harmless for any commission and/or fees agreed to be paid by Noteholder to any broker,
finder or other person or entity acting or purporting to act in a similar capacity engaged by Noteholder.

 

(c) Except
for the obligations of SolarMax and SREP under the Note, neither SolarMax nor SREP has any obligation of any kind, either direct
or contingent and either formal or informal to Noteholder.

 

3. (a) In
consideration for the Payment by SolarMax and other good and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, and intending to be legally bound, Noteholder hereby unconditionally and irrevocably releases and discharges SolarMax,
SREP, their Affiliates, officers, directors, counsel and employees and their respective heirs, executors, administrators, successors
and assigns from any and all actions, causes of action, suits, debts, sums of money, accounts, reckonings, notes, bonds, warrants,
bills, specialties, covenants, contracts, controversies, agreements, liabilities, obligations, undertakings, promises, damages,
claims and demands whatsoever, in law, admiralty or equity which against them or any of them Noteholder and Noteholders’
heirs, executors and administrators ever had, now have or in the future can, shall or may have, for, upon or by reason or any
matter, cause or thing arising from the beginning of the world to the date of this Agreement, except for the SolarMax’ obligations
this Agreement.

 

     

     

    

 

(b) Noteholder
understands and acknowledges that Noteholder has read and understands Section 1542 of the California Civil Code which reads as
follows: 

 

A
GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME
OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.

 

(c) Noteholder,
having consulted legal counsel to the extent that Noteholder deems necessary, hereby expressly waives and relinquishes all rights
and benefits under Section 1542 and any law or legal principle of similar effect in any jurisdiction with respect to the releases
granted herein, including but not limited to the release of unknown and unsuspected claims granted in this Agreement. In furtherance
of the foregoing release, to the maximum extent permitted by applicable law, neither SolarMax nor SREP shall have any liability
whatsoever in connection with, related to or arising from this Agreement, including (without limitation) special, consequential,
exemplary, direct or indirect damages.

 

4. This
Agreement constitutes the entire agreement among the Parties relating to the subject matter hereof, superseding any and all prior
or contemporaneous oral and written agreements, understandings and letters of intent. This Agreement may not be modified or amended
nor may any right be waived except by a writing which expressly refers to this Agreement, states that it is a modification, amendment
or waiver and is signed by all Parties with respect to a modification or amendment or the Party granting the waiver with respect
to a waiver. No course of conduct or dealing and no trade custom or usage shall modify any provisions of this Agreement. No failure
or delay on the part of any Party hereto in the exercise of any right hereunder shall impair such right or be construed to be
a waiver of, or acquiescence in, any breach of any representation, warranty, covenant or agreement herein, nor shall any single
or partial exercise of any such right preclude other or further exercise thereof or of any other right. All rights and remedies
existing under this Agreement are cumulative to, and not exclusive of, any rights or remedies otherwise available.

 

5. Each
Party shall pay all of his or its costs and expenses (including attorney fees) incurred by that Party in connection with this
Agreement.

 

6. All
notices provided for in this Agreement shall be in writing signed by the Party giving such notice, and delivered personally or
sent by overnight courier, mail or messenger against receipt thereof or sent by registered or certified mail, return receipt requested,
or by email or facsimile transmission or similar means of communication. Notices shall be deemed to have been received on the
date of delivery or attempted personal delivery if sent by registered or certified mail, by messenger or by an overnight courier
services which provides evidence of delivery or attempted delivery, of if sent by telecopier (if a telecopier number is provided)
or e-mail, upon the date of delivery. Notices shall be sent to the Parties at their respective addresses set forth on the signature
page of this Agreement. Any Party may, by like notice, change the address, person or telecopier number or email to which notice
shall be sent.

 

7. As
used in this Agreement:

 

(a) The
term “Affiliate” shall mean a person who controls, is controlled by or is under common control with another person.

 

    	 	- 2 -	 

     

    

 

(b) The
term “person” shall be broadly construed to include any individual, corporation (including any non-profit corporation),
general or limited partnership, limited liability company, joint venture, estate, trust, association, organization, labor union
or other entity or governmental body

 

8. This
Agreement shall be governed and construed in accordance with the laws of the State of Nevada applicable to agreements executed
and to be performed wholly within such State, without regard to any principles of conflicts of law. Each of the Parties hereby
(i) irrevocably consents and agrees that any legal or equitable action or proceeding arising under or in connection with this
Agreement may be brought in the federal or state courts located in the Clark County in the State of Nevada, (ii) by execution
and delivery of this Agreement, irrevocably submits to and accepts the jurisdiction of said courts, (iii) waives any defense that
such court is not a convenient forum, and (iv) consent that any service of process may be made (x) in the manner set forth in
Section 6 of this Agreement (other than by telecopier or e-mail), or (y) by any other method of service permitted by law. In the
event of any litigation arising from this Agreement, the prevailing party shall be entitled to reasonable attorneys fees if such
party substantially prevails on all the issues in dispute.

 

9. THE
PARTIES IRREVOCABLY WAIVE THEIR RIGHT TO A TRIAL BY JURY IN ANY ACTION OR PROCEEDING ARISING FROM OR RELATING TO THIS AGREEMENT,
TO THE MAXIMUM EXTENT PERMITTED BY LAW.  EACH PARTY REPRESENTS AND WARRANTS THAT SUCH PARTY HAS HAD THE OPPORTUNITY
OF REVIEWING THIS JURY WAIVER WITH LEGAL COUNSEL, AND THAT EACH KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS.

 

10. If
any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any rule of law or public
policy, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the
economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to any Party.
Upon such determination that any such term or other provision is invalid, illegal or incapable of being enforced, the Parties
hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the Parties as closely as
possible in an acceptable manner to the end that the transactions contemplated hereby are fulfilled to the extent possible.

 

11. The
representations and warranties of Noteholder shall survive the consummation of the transaction contemplated by this Agreement.

 

12. This
Agreement may be executed in two or more counterparts, each of which shall be deemed an original and together shall constitute
one and the same Agreement. Counterparts or signature pages may be delivered via facsimile, electronic mail (including PDF) or
other transmission method and any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid
and effective for all purposes. If less than a complete copy of this Agreement is delivered to any Party, such Party is entitled
to assume that the delivering Party accepts and agrees to all of the terms and conditions of the pages of this Agreement not delivered
to the receiving Party unaltered.

 

13. This
Agreement may not be transferred, assigned, pledged or hypothecated by any party hereto, other than by operation of law. This
Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and permitted
assigns.

 

[Signature
on following page]

 

    	 	- 3 -	 

     

    

 

IN
WITNESS WHEREOF, this Agreement is executed the day and year first above written.

 

	Address, Email and Telecopier	Signature
	 	 
	 	/s/ Xuehui Fu
	 	Xuehui Fu
	 	 
	 	 
	 	 
	 	
	3080 12th Street	SOLARMAX TECHNOLOGY, INC.
	Riverside, CA 92507	 
	 	 
	 	By:	/s/ David Hsu
	 	Name:	 David Hsu
	 	Title:	CEO
	 	 
	 	SOLARMAX RENEWABLE ENERGY PROVIDER, INC.
	3080 12th Street	 
	Riverside, CA 92507	 
	 	 
	 	By:	/s/ Stephen P. Brown
	 	Name:	Stephen P. Brown
	 	Title:	 CFO

 

 

- 4 -Exhibit 10.50

 

LOAN
AGREEMENT

 

Loan
Agreement dated this 18th day of December, 2020, by and between SolarMax Technology, Inc., a Nevada corporation (“SolarMax”),
and Hong Ye Hong Kong Shareholding Co., Limited, a Hong Kong corporation (“Borrower”).

 

W
I T N E S S E T H:

 

WHEREAS,
SolarMax is a party to the Agreement and Plan of Merger dated October 27, 2020 among Alberton Acquisition Corporation, a British
Virgin Islands corporation (“Alberton”), Alberton Merger Subsidiary, Inc., a Nevada corporation (“Merger Sub”),
and SolarMax, which agreement, as amended is referred to as the “Merger Agreement,” pursuant to which Merger Sub is
to be merged with and into SolarMax and SolarMax is to become a wholly-owned subsidiary of Alberton; and

 

WHEREAS,
Alberton requires funds to enable it to pay accrued expenses relating to the Merger, as defined in the Merger Agreement; and

 

WHEREAS,
Borrower requires funds from SolarMax in order to provide Alberton with funds to pay such expenses; and

 

WHEREAS,
Borrower is the sponsor of Alberton and it is in Borrower’s best interest that the Merger be completed; and

 

WHEREAS,
SolarMax is willing to lend funds to Borrower to enable Borrower to provide funds to Alberton on the terms set forth in this Agreement;

 

WHEREFORE,
the parties do hereby agree as follows:

 

1. SolarMax
hereby agrees to lend to Borrower the sum of $91,854.00 (the “Loan”), for which the Borrower will issue to SolarMax
its non-interest bearing promissory note (the “Note”) in the form of Exhibit A to this Agreement. SolarMax shall make
the Loan to the Borrower upon receipt of this Agreement and the Note executed by the Borrower, by wire transfer to the Alberton
creditors listed in Exhibit B to this Agreement. Such payments shall for all purposes be treated as payments to the Borrower and
Borrower shall be deemed to have received the loan proceeds.

 

2. The
sole purpose of the Loan is to provide the Borrower with funds to advance to Alberton in order to enable Alberton to comply with
its obligations under the Merger Agreement. The proceeds of the Loan shall be treated as a contribution to capital of Alberton
by Borrower. Borrower is the sponsor of Alberton and benefits from the consummation of the Merger.

 

3. If
the Merger is completed pursuant to the Merger Agreement, at the Closing, as defined in the Merger Agreement, Borrower shall deliver
to SolarMax in full satisfaction of Borrower’s obligation to pay the principal of the Note, such number of Albertson ordinary
shares (or shares of common stock following the Redomestication, as defined in the Merger Agreement, in either case, the “Shares”),
determined by dividing the principal amount of this Note, and interest if any, by the Redemption Price, as defined in the Merger
Agreement, rounding any fractional shares to the next higher integral number of shares. In the event that the principal of the
Note becomes due other than as provided in the Note, the Note shall be paid as provided in the Note.

 

     

     

    

 

4. The
Borrower represents and warrants to the Lenders and the Agent as follows:

 

(a) The
Borrower is a corporation organized, validly existing and in good standing under the laws of the Hong Kong, has all requisite
power and authority to own and operate its properties and assets and to carry on its business as presently and proposed to be
conducted.

 

(b) This
Agreement and the Note have been authorized by the directors and, to the extent necessary, the shareholders of the Borrower and,
when executed by the Borrower and, in the case of this Agreement, by SolarMax, will constitute the valid and binding agreements
of the Borrower, enforceable in accordance with their respective terms, except as such enforceability may be limited by bankruptcy,
insolvency, reorganization, moratorium, liquidation, fraudulent conveyance and other similar laws relating to, or affecting generally,
the enforcement of creditors’ rights and remedies and except that remedies that the grant equitable relief are in the discretion
of the court.

 

(c) The
execution, delivery and performance by the Borrower of this Agreement and the consummation of the transactions contemplated hereby
will not, with or without the passage of time or giving of notice, result in any such material violation or default or result
in the creation of any material lien, charge or encumbrance upon any asses of the Borrower or the suspension, revocation, impairment,
forfeiture or nonrenewal of any material permit, license, authorization or approval applicable to the Borrower, its business or
operations, or any of its assets or properties.

 

(d) The
Shares are owned by the Borrower free and clear of all liens, encumbrances, security interest, options, rights of first refusal,
and no person, other than the Borrower, has any right, title and interest in and to the Shares. The Borrower has never granted
any person any security interest, right of first refusal or other interest in and to any ordinary shares (“Ordinary Shares”)
of Alberton. The Borrower owns sufficient Ordinary Shares to enable the Borrower to deliver the Shares to SolarMax pursuant to
this Agreement and the Note and to satisfy any other obligations which the Borrower has or may have to deliver any Ordinary Shares
which the Borrower is or may be required to deliver either pursuant to the Merger Agreement or pursuant to agreements with other
persons.

 

(e) In
the event that, for any reason, in violation of the Borrower’s representation set forth in Section 4(d) of this Agreement,
the Borrower does not have sufficient Ordinary Shares to enable it to deliver the Shares to SolarMax pursuant to this Agreement,
the Borrower shall purchase in the open market or in a private transaction, in a manner consistent with United States federal
and state securities laws, such number of Ordinary Shares as may be necessary for the Borrower to comply with its obligations
under this Agreement and the Note.

 

(f) There
is no action, suit, proceeding or investigation pending or, to the Borrower’s knowledge, threatened against the Borrower
that questions the validity of this Agreement or the Note or the right of the Borrower to enter into this Agreement, to issue
the Note or to consummate the transactions contemplated hereby or the right of the Borrower to deliver the Shares to SolarMax
as provided in this Agreement and the Note.

 

(g) The
Borrower is in compliance, in all material respects, with all laws applicable to its business.

 

(h) No
broker, finder or investment banker is entitled to any brokerage, finder’s or other fee or commission in connection with
the transactions contemplated by this Agreement based upon arrangements made by or on behalf of the Borrower. The Borrower shall
indemnify the Lenders and the Agent and hold them harmless from and against any manner of loss, liability, damage or expense,
including fees and expenses of counsel, resulting from a breach of the Borrower’s warranty contained in this Section 4(h)

 

    	 	- 2 -	 

     

    

 

5. (a)
This Agreement constitutes the entire agreement between the parties relating to the subject matter hereof, superseding any and
all prior or contemporaneous oral and prior written agreements, understandings, term sheets and letters of intent. This Agreement
may not be modified or amended nor may any right be waived except by a writing which expressly refers to this Agreement, states
that it is a modification, amendment or waiver and is signed by all parties with respect to a modification or amendment or the
party granting the waiver with respect to a waiver. No course of conduct or dealing and no trade custom or usage shall modify
any provisions of this Agreement.

 

6. All
notices, demands, requests, consents, approvals, and other communications required or permitted hereunder shall be in writing
and, unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail, registered or certified, return
receipt requested, postage prepaid, (iii) delivered by reputable overnight courier service that provides with evidence of delivery
with charges prepaid, or (iv) transmitted by hand delivery, e-mail addressed as set forth below or to such other address as such
party shall have specified most recently by written notice. Any notice or other communication required or permitted to be given
hereunder shall be deemed effective (a) upon hand delivery at the address designated below or by email to the email listed below
(if delivered on a business day during normal business hours where such notice is to be received), or the first business day following
such delivery (if delivered other than on a business day during normal business hours where such notice is to be received) or
(b) on the date of delivery or attempted delivery by express courier service, fully prepaid, addressed to such address, or upon
actual receipt of such mailing, whichever shall first occur. The addresses for such communications are set forth on the signature
page of this Agreement.

 

7. This
Agreement shall be governed by and construed in accordance with the laws of the State of California without regard to principles
of conflicts of laws. Any action brought by either party against the other concerning the transactions contemplated by this Note
shall be brought only in the federal or state courts located in the County of Riverdale in the State of California. The Maker
hereby irrevocably waives any objection to jurisdiction and venue of any action instituted hereunder and shall not assert any
defense based on lack of jurisdiction or venue or based upon forum non conveniens. The parties hereby irrevocably waive
personal service of process and consents to process being served in any suit, action or proceeding in connection with this Agreement
by mailing a copy thereof via registered or certified mail or overnight delivery service (with evidence of delivery) to such party
at the address in effect for notices to it under this Agreement and agrees that such service shall constitute good and sufficient
service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process
in any other manner permitted by law. If either party prevails on substantially all issues in dispute, the prevailing party shall
be entitled to recover from the other party its reasonable attorney’s fees and costs.

 

8. THE
PARTIES WAIVE THE RIGHT TO A TRIAL BY JURY TO THE EXTENT PERMITTED BY LAW. EACH PARTY REPRESNETS AND WARRANTS THAT SUCH PARTY
HAS HAD THE OPPORTUNITY OF REVIEWING THIS JURY WAIVER WITH LEGAL COUNSEL, AND THAT EACH KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY
TRIAL RIGHTS. 

 

9. This
Agreement shall be binding upon and inure to the benefit of the parties hereto, and their respective successors and permitted
assigns.

 

10. This
Agreement may be executed in two or more counterparts, each of which shall be deemed an original but all of which together shall
constitute one and the same document.

 

    	 	- 3 -	 

     

    

 

11. Words
importing the singular number only shall include the plural and vice versa, words importing the masculine, feminine or neuter
gender shall include the other genders.

 

12. Each
party shall pay its own expenses in connection with this Agreement

 

13. If
less than a complete copy of this Agreement is delivered, the other party and its advisors (including legal counsel) are entitled
to assume that such party accepts and agrees, and the each party shall be deemed to have accepted and agreed, to all of the terms
and conditions of the pages not delivered unaltered.

 

[Signatures
on following page]

 

    	 	- 4 -	 

     

    

 

IN
WITNESS WHEREOF, the parties have executed this Agreement as of the date and year first aforesaid.

 

	Address
    and Email	 	Signature
	 	 	 
	Hong
    Ye Hong Kong Shareholding Co., Limited	 	Hong
    Ye Hong Kong Shareholding Co., Limited
	Room
    1001, 10/F, Capital Center	 	 
	151
    Gloucester Road	 	 
	Wanchai,
    Hong Kong	 	By:	/s/
    Guan Wang
	Attention:
    Guan Wang, Director	 	 	Guan Wang, Director
	Email:
    13823785366@163.com	 	 
	 	 	 
	SolarMax
    Technology, Inc.	 	SolarMax
    Technology, Inc.
	3080
    12th Street	 	 
	Riverside,
    CA 92507	 	 
	Attention:
    David Hsu, Chief Executive Officer	 	By:	/s/
    David Hsu
	Email:
    DavidH@solarmaxtech.com	 	 	David Hsu, CEO

 

[Signature page
to Hong Ye Hong Kong Shareholding Co., Limited Loan Agreement

dated
December 18, 2020]

 

    	 	- 5 -	 

     

    

Exhibit
A

 

PROMISSORY
NOTE

 

Principal
Amount: US$91,854.00

Dated:
December 18, 2020

 

FOR
VALUE RECEIVED, Hong Ye Hong Kong Shareholding Co., Limited, a Hong Kong corporation (the “Maker”) promises
to pay to the order of SolarMax Technology, Inc., a Nevada corporation (“SolarMax”), the principal sum of ninety
one thousand eight hundred fifty four and 00/100 dollars (US$91,854.00), on the terms and conditions described below. This note
(this “Note”) is issued pursuant to an agreement (the “Loan Agreement”) dated December 18, 2020 be and
between the Maker and SolarMax. Maker is a sponsor of Alberton Acquisition Corporation, a British Virgin Islands corporation (“Alberton”),
and the loan is being made by SolarMax to Maker in order to enable Maker to provide funds to Alberton to pay expenses incurred
by Alberton in connection with the Agreement and Plan of Merger dated October 27, 2020 among Alberton, Alberton Merger Subsidiary,
Inc. and SolarMax, as amended (the “Merger Agreement”).

 

1. Payment
of Principal. The principal balance of this Note shall be payable by the Maker to SolarMax upon the first to occur of (i)
the Closing Date, as defined in the Merger Agreement, or (ii) the date on which, pursuant to the organization documents of Alberton,
Alberton must complete a Business Combination, which date is presently April 26, 2021, or (iii) the date on which the Merger Agreement
is terminated or (iv) the date an Event of Default shall occur.

 

2. Manner
of Payment. If the Merger is completed pursuant to the Merger Agreement, at the Closing, as defined in the Merger Agreement,
Maker shall deliver to SolarMax in full satisfaction of Maker’s obligation to pay the principal of this Note, such number
of Albertson ordinary shares (or shares of common stock following the Redomestication, as defined in the Merger Agreement), determined
by dividing the principal amount of this Note, and interest if any, by the Redemption Price, as defined in the Merger Agreement,
rounding any fractional shares to the next higher integral number of shares. If, for any reason, this Note becomes due and payable
other than at or in connection with the Closing, as defined in the Merger Agreement, Maker shall pay this Note and any accrued
interest by wire transfer of immediately available funds to such account as SolarMax may from time to time designate by written
notice in accordance with the provisions of this Note.

 

3. Interest.
This Note is non-interest bearing; provided, that if this Note is not paid in full on the Maturity Date, this Note shall bear
interest at the annual rate equal to five percent (5%) per annum from the Maturity Date due until the day on which all sums due
are received by SolarMax.

 

4. Events
of Default. The following shall constitute an event of default (each, an “Event of Default”):

 

(a) Failure
by the Maker to pay the principal amount due of the Maturity Date.

 

(b) If
Alberton or the Maker or any affiliate of Alberton or the Maker shall engage in negotiations with respect to or enter into any
agreement, memorandum of understanding, letter of intent with respect to any kind business combination with any person other than
SolarMax.

 

(c) The
Maker or Alberton shall make an assignment for the benefit of creditors or commence proceedings for its dissolution, or apply
for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business, or such
a receiver or trustee shall otherwise be appointed for the Maker or Alberton or for a substantial part of its property or business
without its consent and shall not be discharged within sixty (60) days after such appointment.

 

    	 	A-1	 

     

    

 

(d) Any
money judgment, writ or similar process shall be entered or filed against the Maker or Alberton or any of their property or other
assets for more than $150,000, and shall remain unvacated, unbonded or unstayed for a period of twenty (20) days unless otherwise
consented to by SolarMax, which consent will not be unreasonably withheld.

 

(e) Bankruptcy,
insolvency, reorganization or liquidation proceedings or other proceedings, voluntary or involuntary, for relief under any bankruptcy
law or any law for the relief of debtors shall be instituted by or against the Maker or Alberton, or the Maker or Alberton admits
in writing its inability to pay its debts generally as they mature.

 

(f) Alberton
shall fail to maintain the listing of its common stock on the Nasdaq Capital Market.

 

(g) The
Maker fails to perform or comply with any one or more of its obligations under this Note.

 

(h) Any
present or future indebtedness of the Maker or Alberton in respect of moneys borrowed or raised becomes (or becomes capable of
being declared) due and payable prior to its stated maturity by reason of any event of default, or any such indebtedness is not
paid when due or, as the case may be, within any applicable grace period.

 

(i) A
distress, attachment, execution or other legal process is levied or enforced on or against any assets of the Maker or Alberton
which is not discharged or stayed within 30 days.

 

(j) It
is or becomes unlawful for the Maker to perform any of its obligations under this Note, or any obligations of the Maker under
this Note are not or cease to be legal, valid, binding or enforceable.

 

5. Effect
of Event of Default. Upon the occurrence of an Event of Default, the principal amount of this Note shall automatically become
due and payable. SolarMax shall be entitled to exercise any rights available to SolarMax under applicable law. In the event that
SolarMax incurs expenses to enforce its rights under this Note, the Maker shall promptly pay all expenses reasonably incurred
by SolarMax in evaluating and enforcing its rights, including reasonable legal fees and expenses, regardless of whether any legal
action is commenced.

 

6. Taxes.
The Maker will pay all amounts due hereunder free and clear of and without reduction for any taxes, levies, imposts, deductions,
withholding or charges imposed or levied by any governmental authority or any political subdivision or taxing authority thereof
with respect thereto (“Taxes”). The Maker will pay on behalf of SolarMax all such Taxes so imposed or levied
and any additional amounts as may be necessary so that the net payment of principal and any interest on this Note received by
SolarMax after payment of all such Taxes shall be not less than the full amount provided hereunder.

 

7. Unconditional
Liability. The Maker hereby waives all notices in connection with the delivery, acceptance, performance, default, or enforcement
of the payment of this Note, and agrees that its liability shall be unconditional, without regard to the liability of any other
party, and shall not be affected in any manner by any indulgence, extension of time, renewal, waiver or modification granted or
consented to by SolarMax, and consents to any and all extensions of time, renewals, waivers, or modifications that may be granted
by SolarMax with respect to the payment or other provisions of this Note, and agrees that additional makers, endorsers, guarantors,
or sureties may become parties hereto without notice to the Maker or affecting the Maker’s liability hereunder. For the
purpose of this Note, “business day” shall mean a day (other than a Saturday, Sunday or public holiday) on which banks
are open in the State of California for general banking business.

 

    	 	A-2	 

     

    

 

8. Construction.
This Note shall be construed and enforced in accordance with the laws of New York, without regard to conflict of law provisions
thereof.

 

9. Governing
Law; Waiver of Jury Trial. This Note shall be governed by and construed in accordance with the laws of the State of California
without regard to principles of conflicts of laws. Any action brought by either party against the other concerning the transactions
contemplated by this Note shall be brought only in the federal or state courts located in the County of Riverdale in the State
of California. The Maker hereby irrevocably waives any objection to jurisdiction and venue of any action instituted hereunder
and shall not assert any defense based on lack of jurisdiction or venue or based upon forum non conveniens. The Maker hereby
irrevocably waives personal service of process and consents to process being served in any suit, action or proceeding in connection
with this Note by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery) to
such party at the address in effect for notices to it under this Agreement and agrees that such service shall constitute good
and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to
serve process in any other manner permitted by law. If either party prevails on substantially all issues in dispute, the prevailing
party shall be entitled to recover from the other party its reasonable attorney’s fees and costs. THE MAKER HEREBY IRREVOCABLY
WAIVES ANY RIGHT IT MAY HAVE TO, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION
WITH OR ARISING OUT OF THIS NOTE OR ANY TRANSACTION CONTEMPLATED HEREBY.

 

10. Partial
Invalidity. In the event that any provision of this Note is invalid or unenforceable under any applicable statute or rule
of law, then such provision shall be deemed inoperative to the extent that it may conflict therewith and shall be deemed modified
to conform with such statute or rule of law. Any such provision which may prove invalid or unenforceable under any law shall not
affect the validity or enforceability of any other provision of any agreement.

 

11. Usury.
If it shall be found that any interest or other amount deemed interest due hereunder violates the applicable law governing usury,
the applicable provision shall automatically be revised to equal the maximum rate of interest or other amount deemed interest
permitted under applicable law. The Maker covenants (to the extent that it may lawfully do so) that it will not seek to claim
or take advantage of any usury law that would prohibit or forgive the Maker from paying all or a portion of the principal or interest
on this Note.

 

12. Amendment;
Waiver. Any amendment hereto or waiver of any provision hereof may be made with, and only with, the written consent of the
Maker and SolarMax in the case of an amendment or by SolarMax in the case of a waiver.

 

13. Assignment.
This Note shall be binding upon the Maker and its successors and assigns and is for the benefit of SolarMax and its successors
and assigns, except that the Maker may not assign or otherwise transfer its rights or obligations under this Note. SolarMax may
at any time without the consent of or notice to the Maker assign to one or more entities all or a portion of its rights under
this Note.  

 

    	 	A-3	 

     

    

 

The
Maker, intending to be legally bound hereby, has caused this Note to be duly executed by the undersigned as of the day and year
first above written.

 

	 	Hong Ye Hong Kong Shareholding Co., Limited
	 	 
	 	By:	 /s/ Guan Wang
	 	 	Guan Wang, Director

 

[Signature
page to Hong Ye Hong Kong Shareholding Co., Limited

Promissory Note dated December 18, 2020]

 

    	 	A-4	 

     

    

Exhibit
B

 

Disbursement
of Loan Proceeds

 

Borrower
hereby irrevocably instructs SolarMax to disburse the Loan proceeds as follows:

 

	Payee*	 	Amount	 
	Hunter Taubman Fischer & Li LLC	 	$	59,000.00	 
	Friedman LLP	 	 	25,000.00	 
	Ogier	 	 	4,109.00	 
	Donohoe Advisory Associates LLC	 	 	3,745.00	 
	 	 	$	91,854.00	 

 

 

*
Wire Instructions for each Payee is set forth in the corresponding invoices.

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