Document:

Exhibit 4.36

Maximum
Mortgage Contract

 

The Mortgagee: Shanghai Pudong
Development Bank Co., Ltd. (SPD) Shenzhen Branch

 

The Mortgagor: Shenzhen Xunlei Networking Technologies Co., Ltd.

 

WHEREAS,
the contract (hereinafter referred to as “this Contract”) is made and entered into by and between the Mortgagor
and the Mortgagee, to make sure the Debtor performs various obligations under master contract fully and timely and that claims
of the Creditor (i.e. “the Mortgagee”) could be realized, whereby the Mortgagor agrees to bear guarantee responsibility
as per all the terms and conditions set forth below:

 

Article 1 Mortgage Guarantee

 

1.1 Property under Mortgage

 

(1) The Mortgagor hereby
irrevocably agrees: It will provide mortgage guarantee for the Debtor’s repayment of its debts under the master contract
for the Mortgagee with the property under mortgage (hereinafter referred to as “the collateral”) as agreed in Article
9.

 

(2) The mortgage right
hereunder shall be effective not only on the collateral but also on appurtenance, incidental rights, fruits and subrogation of
the collateral.

 

1.2 Mode of Guarantee

 

The Mortgagor hereby
acknowledges: The Mortgagee enjoys the first priority of compensation, unless otherwise specified herein. Where the Debtor fails
to discharge its debt as per provisions of master contract, the Mortgagee is entitled to request the Mortgagor to bear guarantee
responsibility within the scope as agreed herein before requesting other guarantors to perform guarantee responsibility, no matter
whether the Mortgagee enjoys other guarantee rights for the debts under master contract (including but not limited to guarantee
type such as security, mortgage and pledge).

 

1.3 Scope of Guarantee

 

Besides principal creditor’s
rights as mentioned herein, the scope of the guarantee hereunder also covers interests arising therefrom (interests herein mean
interest, penalty interest and compound interest), liquidated damages, damage awards, service charge and other expenses incurred
for the signature or performance of this Contract and expenses the Mortgagee pays to realize guarantee rights and creditor’s
rights (including but not limited to legal cost, counsel fee and travelling expenses).

 

     

     

    

 

1.4 Change of Master Contract

 

The Mortgagor hereby
acknowledges: If the grace that the Mortgagee offers the Mortgagor or the modification or change made by the Mortgagee and the
Mortgagor to master contract does not increase the Mortgagor’s responsibility, the Mortgagee’s rights and interests
hereunder will not be affected by such change, and in such case, the Mortgagor will not be reduced or exempted from guarantee responsibility
therefore.

 

Notwithstanding
the provisions above, for the business of L/C, L/G or SLC issued by the Mortgagee to the Debtor, the Mortgagee and the Debtor can
modify the master contract (including L/C, L/G or SLC issued) without an approval by or a separate notice to the Mortgagor. Such
modification shall be approved by the Mortgagor in advance, and the Mortgagor will not be reduced or exempted from guarantee responsibility
therefore.

 

Article 2 Mortgage Registration

 

2.1 Registration

 

(1) The Mortgagor shall,
upon the signature of this Contract, go through the mortgage registration formality of the collateral hereunder at the request
of the Mortgagee. After applying for mortgage certificate (if any), the Mortgagor shall hand over the mortgage certificate and
ownership certificate of the collateral to the Mortgagee immediately

 

(2) Where the collateral
hereunder needs to be approved by relevant authority, the Mortgagor shall go through approval formality in relevant authority before
mortgage registration.

 

(3) The Mortgagor,
before all the debts under master contract are paid off by the Debtor, is obligated to ensure mortgage registration has no defect
in all aspects and remains effective, including but not limited to handling registration extension or postponing formality timely
before the expiration of mortgage term (if any).

 

2.2 Change of Registration

 

In case that mortgage
registration is changed when mortgage right exists and change registration is needed as per laws, the Mortgagor shall coordinate
with the Mortgagee to go through the change of registration timely to relevant mortgage registration authority.

 

2.3 Cancellation of Registration

 

Where all the debts
under master contract that are guaranteed herein are paid off and are acknowledged by the Mortgagee, the Mortgagor shall put forward
a written application to the Mortgagee; after the Mortgagee audits the application and returns mortgage credential (if any) and/or
other relevant certificates (if any), the Mortgagor shall go through the cancellation of registration to original registration
authority at its sole discretion.

 

     

     

    

  

Article 3 Insurance of the Collateral

 

3.1 Insurance of the Collateral

 

(1)         The
Mortgagor shall, within (five) 5 days upon the signature of this Contract, underwrite property insurance in full for the collateral
from the insurance company as per insurance type recognized by the Mortgagee, where the Mortgagee serves as the insured or the
first beneficiary. If the Mortgagee is unable to serve as the insured or the first beneficiary in the property insurance, the Mortgagor
shall handle equity transfer or change formality as per (2) of this paragraph after purchasing the insurance where the Mortgagee
is not the insured or the first beneficiary.

 

(2)         Where
the Mortgagor has purchased corresponding property insurance for the collateral before signing this Contract, it shall, within
five (5) days upon the signature of this Contract, transfer all rights and interests (including payment of various natures of claims
and insurance proceeds) under insurance contract to the Mortgagee, or transfer insurance interest or change procedure, in which
the Mortgagee serves as the first beneficiary, until the Mortgagor pays off all the debts guaranteed by the collateral, and makes
corresponding agreement or annotation in policy and insurance contract.

 

(3)         Insurance
amount for the collateral shall not be lower than the amount of all the debts that the collateral guarantees. The expiry date of
the insurance shall be six months later than expiry date of the last debt under master contract or the expiration of creditor’s
rights determination period (whichever is later), unless otherwise agreed by the Mortgagee. The Mortgagee is entitled to request
the Mortgagor to purchase insurance again as per provisions of this article, until all the debts under master contract are paid
off.

 

(4)         In
the event of an insured accident, all rights and interests under insurance contract shall be accepted and controlled by the Mortgagee.
Insurance proceeds and indemnity shall be deposited in the account designated by the Mortgagee as the collateral of master contract,
to pay off debts either before or after the expiration of the debts.

 

(5)         The
Mortgagor shall hand over original of insurance contract and other relevant legal documents to the Mortgagee for storage, abide
by all the security or other requirements with regard to insurance contract and provide receipt of the latest payment of premium
and payment receipt of all or any relevant policy and premium.

 

(6)         During
term of the mortgage, the Mortgagor, without a written approval by the Mortgagee, shall not change, cancel or terminate insurance
contract, either unilaterally or by negotiating with the insurance company; waive the right to request for insurance proceeds or
claim compensation from a third party or violate the obligations as stipulated in insurance contract.

 

     

     

    

 

(7)         The
Mortgagor shall pay premium in time during term of the mortgage. The Mortgagor shall not suspend or revoke the insurance for any
reason; otherwise, the Mortgagee, for the purpose of continuing the aforesaid insurance, has right to place insurance for and on
behalf of the Mortgagor and pay premium, with relevant expenses borne by the Mortgagor. The Mortgagor shall pay the expense and
corresponding interest to the Mortgagee within seven (7) days after receiving payment notice of the Mortgagee. The Mortgagor hereby
agrees the Mortgagee to deduct the preceding expenses directly from its account opened by the Mortgagee.

 

Article 4 Realization of Mortgage Right

 

4.1 Disposal of the Collateral

 

In any of the following
circumstances, the Mortgagee is entitled to dispose the collateral as per laws, to realize mortgage right:

 

(1)       The
Debtor breaches the master contract;

 

(2)       The
Mortgagor breaches the master contract;

 

(3)       The
circumstances where the Creditor under master contract could realize claims in advance happen; or

 

(4)       Other
circumstances regarding the disposal of the collateral as mutually agreed by both parties hereto happen.

 

4.2 Realization of Mortgage
Right

 

In the circumstance
where the collateral could be disposed as per the provisions herein, the Mortgagee can dispose any collateral as per any of the
following methods:

 

(1)         The
Mortgagee can consult with the Mortgagor to pay off all the debts by converting the collateral into money or auctioning or selling
the collateral; if, however, consultation fails, the Mortgagee can petition people’s court to auction or sell the collateral
to pay off all the debts.

 

(2)         After
converting the collateral into money or auctioning or selling the collateral, the part exceeding all the creditor’s rights
guaranteed by the collateral, if any, shall be owned by the Mortgagor; if, however, it is insufficient, the Debtor shall make compensation
further. The Mortgagee can decide payment sequence of the income gained by disposing the collateral.

 

(3)         Income
gained after the Mortgagee disposes the collateral shall be used to pay off the debts under master contract, either on schedule
or in advance. For financing business other than loan, the Mortgagee, if there is no advance payment, shall have the right to withdraw
and transfer the income gained by disposing the collateral into its designated account or the Debtor’s margin account, for
external payment or as the margin for the Mortgagee’s any probable advance payment; in such case, both parties hereto have
no need to sign a margin pledge contract.

 

     

     

    

 

(4)         Other
methods allowed by laws or agreed by both parties.

 

Article 5 Representations and Warranties

 

5.1 The Mortgagor’s
Representations and Warranties 

 

The Mortgagor hereby
makes the following representations and warranties to the Mortgagee:

 

(1)         It
is a civil subject with full capacity for civil right and capacity for civil conduct and capable of signing this Contract and has
obtained all the authorizations and approvals required for the signature of this Contract and the performance of its obligations
hereunder.

 

(2)         Its
signature and performance of this Contract are in accordance with laws, regulations, relevant documents, judgments and verdicts
of competent authority that the Mortgagor shall abide by, as well as the contracts and agreements that it has signed and any other
obligations.

 

(3)         All
the data and information the Mortgagor provides (including relevant information of the Mortgagor and the collateral) conform to
applicable laws and are true, valid, accurate, complete and faithful.

 

(4)         The
financial data provided reflect the Mortgagor’s financial status faithfully, completely and justly. It has no major adverse
change in operation and finance upon the issuance of the latest audited financial statement.

 

(5)         It
has gone or will go through filing, registration or other formalities required for the performance of this Contract.

 

(6)         No
circumstance or event will cause or may cause a material adverse effect on contractual capacity.

 

Article 6 Mutually Agreed Matters

 

6.1 The Mortgagor’s
Commitments on the Collateral

 

The Mortgagor
hereby commits and acknowledges as follows for the collateral hereunder to the Mortgagee:

 

     

     

    

 

(1)         The
Mortgagor has full and lawful ownership of the collateral. The collateral is legally acquired and involves no dispute on ownership,
use right or operation management right or right defect, mortgage right, lien or other security interest or priority (unless otherwise
specified agreed) which the Mortgagor has no idea of. Except for the mortgage right established as per provisions herein, the Mortgagor,
without written approval by the Mortgagee, will not establish mortgage right, lien and/or any other security interest or priority
on the collateral in any form with any third party other than the Mortgagee; it will not rent, transfer or grant the collateral
to any third party or allow any third party to use the collateral for free, or hide, move, dismantle or illegally add the collateral.

 

(2)         The
collateral can be mortgaged as per laws without any restrictions; the collateral is not sealed up, detained, supervised or involved
in other administrative or compulsory procedures.

 

(3)         The
collateral is not a property in common; if, however, the collateral is a property in common, the Mortgagor has obtained the co-owner’s
written approval.

 

(4)         Where
the collateral is a property under construction or a completed property, corresponding land use right will be mortgaged together
with the collateral, unless otherwise specified.

 

(5)         Where
the collateral is land use right, the land will be developed timely and land use right will not be taken back due to the delay
of the development.

 

(6)         Where
the collateral is a land-using right or a construction in progress, the Mortgagor commits it will consider the construction in
progress and ready house in following stages of the collateral as the collateral under master contract, and sign relevant document
and handle related mortgage formality as early as possible within the time allowed by real estate registration authority or competent
authority after mortgage condition is met.

 

(7)         Where
the collateral is a land-using right, a construction in progress or a real estate, the Mortgagor commits it will pay all land costs
(including but not limited to transfer fee) in connection with the collateral as per laws and regulations; there is no circumstance
with adverse influence on mortgage right.

 

(8)         Abide
by various regulations and policies in relation with all the collateral hereunder.

 

6.2 The Mortgagor’s
Further Commitments

 

(1)         The
Mortgagor hereby commits it will not take the following actions before acquiring the written approval of the Mortgagee:

 

		a.	Dispose its major assets by means such as transfer (including
sales, granting, offsetting debts or exchanging), mortgage and pledge, either in whole or in large part;

 

     

     

    

 

		b.	Change operation system or property right organizational
form greatly, including but not limited to system reform, stock right transfer, combination (or merger), separation or capital
decrease;

 

		c.	Go on or apply for bankruptcy, reorganization, dissolution
and business closing, or close down according to order of superior authority or abnormally;

 

		d.	Sign contract/agreement which have material adverse effect
on the Mortgagor’s performance of this Contract or undertake obligation with such effect.

 

(2)       The
Mortgagor hereby commits to notify the Mortgagee immediately within five (5) banking business days upon the occurrence of any of
the following events:

 

		a.	Relevant event that makes the Mortgagor’s representations
and warranties herein not true, accurate and complete anymore, violate laws and regulations or become void;

 

		b.	The Mortgagor or its controlling shareholder, actual
controller or its related person or legal representative is involved in litigation, or arbitration, or its assets are detained,
sealed up, compulsorily executed or provided with other measures with the same effect.

 

		c.	The Mortgagor changes its legal representative or authorized
agent, leader, main financial director, contact address, enterprise name, office place, etc., or changes domicile, habitual residence
or work unit, leaves its city for a long term or name or has adverse variation in income.

 

		d.	There is a dispute on ownership of the collateral, or
the collateral is sealed up, detained, expropriated or damaged or lost or is or may be subjected to any adverse influence from
a third party.

 

		e.	It has been restructured or become bankrupt via application
by other creditor or cancelled by superior competent authority.

 

(3)       The
Mortgagor hereby commits it will provide corresponding financial data at the request of the Mortgagee during the signature and
performance of this Contract.

 

(4)       The
Mortgagor hereby acknowledges: Before all the creditor’s rights of the Mortgagee under master contract are fully paid off,
it will not exercise the right of recourse and related rights (including but not limited to offset by any debts owed to the Debtor)
against the Debtor as a result of undertaking the guarantee responsibility hereunder.

 

(5)       Where
the Debtor pays all or part of debts in advance or makes individual repayment to the Mortgagee, the Mortgagor shall continue to
bear the mortgage guarantee obligation and/or joint guarantee obligation to the Mortgagee’s creditor’s rights formed
after the repayment in advance or individual repayment cancellation.

 

     

     

    

 

(6)       If
the Mortgagee requests to appraise the collateral, the Mortgagor shall entrust an appraisal institution approved by the Mortgagee
to conduct the appraisal of the collateral.

 

(7)       The
Mortgagor, as long as the Mortgagee requires, shall also go through notarization with compulsory execution effect in notary organ
approved by the Mortgagee, and accept the compulsory execution voluntarily.

 

(8)       The
Mortgagor shall coordinate with the Mortgagee actively in handling relevant formalities while the Mortgagee exercises mortgage
right as per the provisions herein, to ensure the realization of the Mortgagee’s mortgage right.

 

(9)       The
Mortgagor hereby acknowledges that the validity of this Contract will not be affected by the validity of master contract.

 

(10)     The
Mortgagor shall bear relevant expenses, taxes and dues hereunder in accordance with laws and regulations and the provisions herein.

 

(11)     The
Mortgagor shall properly keep and maintain and reasonably use the collateral and shall not take any action or method prohibited
or excluded by any insurance clause against the collateral to ensure safety and integrity of the collateral; the Mortgagor shall
accept the Mortgagee’s check for the collateral at any time. If the Mortgagor’s act reduces the value of the collateral,
the Mortgagee shall have the right to request the Mortgagor to stop such act.

 

(12)     The
Mortgagor shall notify the Mortgagee promptly of any event which may have a material adverse effect on the collateral or its value
(including but not limited to any significant and substantial decrease in the value of the collateral which may affect the Mortgagee’s
exercising of mortgage right). The part of value of the collateral which has not been reduced shall remain as the guarantee hereunder.

 

(13)     Where
any claim against the collateral raised by a third party affects the rights and interests of the Mortgagee hereunder, the Mortgagor
shall take all measures to protect the Mortgagee’s rights and interests. Should the collateral be commandeered, the compensations
that the Mortgagor obtains shall be used to pay off all the claims guaranteed by the collateral or submitted to the Mortgagee as
margin of the principal creditor’s rights for guaranteeing the main creditor’s rights continuously according to the
Mortgagee’s requirements.

 

(14)     If
the legal successor of the Mortgagor inherits the collateral according to laws during the term of this Contract, it shall bear
all responsibilities and obligations of the Mortgagor hereunder. The successor shall be obligated to go through the change of mortgage
registration to registration authority within fifteen (15) banking days upon the inheritance of the collateral.

 

(15)     If
value of the collateral is obviously reduced due to exchange rate fluctuation or other factors, which may impair the Mortgagee’s
rights, the Mortgagor shall, at the request of the Mortgagee, provide a guarantee recognized by the Mortgagee equivalent to the
reduced value or take other remedial measures.

 

     

     

    

 

(16)     Where
the collateral has been leased before the conclusion of this Contract, the Mortgagor shall provide the originals of lease agreement
and rental receipt, disclose the mortgage matter to the lessee and coordinate with the lessee to accept the Mortgagee’s check
for relevant lease fact. Upon the effectiveness of this Contract, the Mortgagor shall not renew lease agreement with the lessee
without written approval by the Mortgagee.

 

(17)     Where
the collateral is sold, leased or disposed by other means after approval by the Mortgagee, all the receivables generated by the
collateral (e.g. sales and lease) shall be mortgaged to the Mortgagee, and in such case, the Mortgagor shall open sales and lease
special regulatory account at the Mortgagee’s site (separately agreed by both parties), transfer all the funds obtained according
to relevant presales/sales contract and lease contract (including but not limited to sales incomes [including deposit] of the collateral,
lease income of the collateral, compensation and insurance indemnity) to the regulatory account it opens in at Mortgagee’s
site and accept the Mortgagee’s supervision for the aforesaid funds.

 

(18)     Where
the collateral is lost or damaged or its value is reduced, or is included in the scope of demolition or involves the circumstance
which may influence the Mortgagee’s guarantee interests, the Mortgagor shall notify the Mortgagee and adopt effective measures
to avoid a heavier loss. Should the collateral be included in the scope of demolition, the Mortgagee is entitled to request the
Mortgagor to pay off the guaranteed debts or provide a new guarantee recognized by the Mortgagee, including but not limited to
resetting mortgage, signing a new mortgagee agreement and handling new mortgage registration under the form of property right exchange
compensation, or under the form of demolition compensation, considering the demolition compensation as the collateral by opening
special margin account or deposit receipt. The guarantee shall be provided by the Guarantor by the means recognized by the Mortgagee
prior to the registration of the new mortgage above and/or the establishment of margin/ deposit receipt guarantee. The Mortgagor
shall coordinate with the Mortgagee actively in handling the aforesaid guarantee switching formalities at the request of the Mortgagee.

 

(19)     The
Mortgagor hereby agrees it will be neither exempted from guarantee responsibility nor affected by the Mortgagee’s waiver
of the mortgage or pledge guarantee provided by the Borrower or the change of sequence of mortgage or pledge guarantee provided
by the Borrower.

 

(20)     Where
this contract is ineffective, void or cancelled not attributed to the Mortgagee, the Mortgagor hereby commits to bear joint liability
unconditionally to the Mortgagee for the claims unpaid.

 

6.3 Deduction

 

		(1)	The Mortgagee is entitled to deduct corresponding funds
directly from any account the Mortgagor opens in SPD for paying the Mortgagor’s debts due and payable, if any.

 

		(2)	The Mortgagee shall have the right to use the proceeds
for repaying capital and paying interests and other expenses. The Mortgagee has the right to decide the sequence of liquidation
of claims if a number of claims expire.

 

     

     

    

 

6.4 Conversion of Exchange
Rate

 

Any conversion of exchange
rate hereunder shall be in accordance with foreign exchange price determined by the Mortgagee, and all the related exchange rate
risks and losses shall be borne by the Mortgagor.

 

6.5 Proof of Creditor’s
Right

 

Valid certificate of
creditor’s rights guaranteed by the Mortgagor shall be subject to accounting certificate or other valid evidentiary material
issued and recorded by the Mortgagee according to its own business regulations.

 

6.6 Notice and Delivery

 

(1)     Notice
sent by either party hereto to the other party shall be sent to the address set forth on the signature page of this Contract, until
a change of such address is notified in writing by the other party. Service date is specified as follows for the notice sent to
the above address: If a notice is sent by letter, the service date shall be the seventh (7th) banking day after sending
registered letter to the address listed on signature page of this Contract; if a notice is sent via a specially-assigned person,
the service date shall be the addressee’s receipt date.

 

(2)     The
Mortgagor hereby agrees the summons and notices for any litigation against the Mortgagor is seen to be delivered as long as they
are sent to the address listed on signature page of this Contract. The change for the aforesaid address has no effect on the Mortgagee
without a prior written notice to Mortgagee.

 

Article 7 Breach of Contract and Treatment

 

7.1 Breach of Contract

 

In any of the following
cases, the Mortgagor shall constitute a breach of this Contract to the Mortgagee:

 

(1)       Any
representation or warranty herein made by the Mortgagor is untrue, inaccurate, misleading or invalid or has been breached;

 

(2)       The
Mortgagor fails to provide complete formalities and true data related to the collateral according to the Mortgagee’s requirements,
or conceals common ownership and dispute of the collateral or the fact that the collateral is sealed up, detained, supervised or
mortgaged;

 

(3)       The
Mortgagor violates any provision of Article 6 herein or other obligations hereunder;

 

     

     

    

 

(4)       The
Mortgagor suspends business or production, goes out of business, is reorganized, reformed, stalemated, liquidated, taken over or
managed, or its business license is revoked or cancelled or it goes bankrupt;

 

(5)       The
collateral is subjected to compulsory measures by the state judicial organ or other competent authority, including but not limited
to freezing, sealing up and detaining; the Mortgagor disposes the collateral by the means such as donation, exchange, presale,
sale, transfer and remortgage without the Mortgagee’s written approval; or other circumstances where value of the collateral
is decreased or the collateral is lost or severely damaged;

 

(6)       The
Mortgagor’s financial condition deteriorates, or the Mortgagor has great operation difficulty or any other event or circumstance
which exerts adverse effect on the its normal operation, financial condition or repayment capability;

 

(7)       The
Mortgagor or its controlling shareholder, actual controller or associated person or legal representative is involved in a major
lawsuit, arbitration, or its major assets are detained, sealed up, frozen, compulsorily executed or provided with other measures
with the same effect, resulting in an adverse effect on the Mortgagor’s repayment capability;

 

(8)       The
Mortgagor (if the Mortgagor is a natural person) is dead or declared dead; or

 

(9)       Other
circumstances which may generate or have generated a material adverse effect on the Mortgagor’s contractual capacity hereunder
based on reasonable judgment of the Mortgagee.

 

7.2 Treatment

 

In any of the violations
as mentioned in the last paragraph, the Mortgagee is entitled to declare principal creditor’s rights and/or creditor’s
right determination period expires in advance, and/or to dispose the collateral as per Article 4 herein or request the Mortgagor
to provide other guarantee.

 

Article 8 Miscellaneous

 

8.1 Applicable Law

 

This Contract shall
be governed and interpreted by laws of the People’s Republic of China (excluding laws of Hong Kong SAR, Macao SAR and Taiwan
for the purpose of this Contract).

 

     

     

    

 

8.2 Dispute Resolution

 

Any dispute arising
out of the performance of this Contract shall be resolved by both parties via amicable consultation; if, however, consultation
fails, either party can file a lawsuit to people’s court at the Mortgagee’s site. During the dispute, both parties
hereto shall perform the non-disputable terms continuously.

 

8.3 Validity, Change and Cancellation
of this Contract

 

(1)         This
Contract comes into effect upon the signature (or seal) and official seal by the Mortgagor’s legal representative or authorized
agent and stamp of the Mortgagor’s official seal as well as the signature (or seal) of the Mortgagee’s legal representative/director
and stamp of official seal (special seal for contract). It will become void and null after all the creditor’s rights guaranteed
hereunder are paid off (signature is just needed if the Mortgagor is a natural person).

 

(2)         The
invalidity, cancellation or unenforceability of any provision herein shall not affect the validity or unenforceability of any other
provisions herein.

 

(3)         Upon
the validity of this Contract, neither party shall change without permission or cancel this Contract in advance. Both parties can
change or cancel this Contract after reaching written agreement via consultation.

 

8.4 Miscellaneous

 

(1)         For
the purpose of this Contract, “laws” shall mean laws, regulations, rules, local regulations, judicial interpretations
and any other applicable provisions.

 

(2)         For
the purpose of this Contract, the documents such as “contract” and “master contract” include the following
modifications, changes or supplementations to such documents thereafter; the parties, including but not limited to the Mortgagor,
the Mortgagee and the Debtor, involve the parties themselves and subsequent legal successors or heirs.

 

(3)         For
the purpose of this Contract, “financing” refers to, unless otherwise agreed by both parties, financing or credit support
the bank offers to the Debtor through banking businesses, including but not limited to bank acceptance, L/G, L/C and SLC.

 

(4)         For
the purpose of this Contract, “maturity” or “expiration” includes the acceleration of maturity for principal
creditor’s rights by the Creditor. If principal creditor’s rights that are declared to be matured in advanced are all
or part of the rights during creditor’s right determination period, the declared date for acceleration of maturity is expiry
date of all or part of the rights, and creditor’s right determination period expires at the same time.

 

(5)         Appendixes
to this Contract (including but not limited to list of the collateral) shall serve as an indispensable part of this Contract and
have the same legal effect with main body.

 

     

     

    

 

(6)         For
any matters not mentioned herein, both parties can either consult and record them in Article 9 herein or negotiate by concluding
a written agreement which shall serve as an appendix to this Contract.

 

(7)         Relevant
terms and expressions herein shall have the same meaning as those stipulated in the master contract, unless otherwise explicitly
specified herein.

 

Article 9 Contract Elements

 

9.1 Master Contract Guaranteed
by This Contract

 

A series of contracts
signed by and between the Debtor and the Creditor to handle various financing businesses as per the provisions of 9.3 herein, and
the Financing Agreement signed by and between the Debtor and the Creditor.

 

9.2 The Debtor under Master
Contract:

 

Shenzhen Xunlei Networking Technologies Co., Ltd.

 

9.3 Secured Principal Creditor’s
Rights

 

The secured principal
creditor’s rights hereunder mean all the creditor’s rights generated by and between the Creditor and the Debtor from
March 2, 2018 to March 1, 2021 to deal with various financing businesses (the aforesaid period is determination period
of the highest secured creditor’s rights, i.e. “creditor’s right determination period) and prior rights as mutually
agreed by both parties (if any). Balance of the aforesaid principal creditor’s rights shall not exceed RMB (currency)
FOUR HUNDRED MILLION during creditor’s right determination period.

 

9.4 The Collateral:

 

See Appendix 1 (List
of the Collateral) for details of the collateral hereunder.

 

9.5 Text

 

This Contract is executed
in quintuplicate with the Mortgagee holding three, the Mortgagor holding one and mortgage registration
authority holding one respectively with the same legal effect.

 

9.6 Other Matters as Agreed
by Both Parties (If Any) 

 

1. “Balance of principal creditor’
rights” as mentioned in 9.3 herein refers to balance of principal.

 

     

     

    

 

2. All the debts hereunder mean all
the funds that the Debtor owes to the Creditor under master contract as agreed in 9.1 herein, including but not limited to capital,
interest, penalty interest, compound interest, liquidated damages, damage awards, service charge, other expenses incurred for the
signature or performance of this Contract and the expenses generated by the Mortgagee to realize guarantee rights and creditor’s
rights (including but not limited to counsel fee, legal cost, arbitration fee, execution fee, appraisal fee and notary fee). According
to provisions of Article 203 of Property Law of the People's Republic of China and review requirements for the maximum mortgage
registration in Article 1416 of Operating Practice for Real Estate Registration (for Trial Implementation) (GTZG [2016]
No. 6), both parties hereby agree the highest creditor’s rights guaranteed by the collateral hereunder are RMB 1.6 billion.

 

3. If total amount of the debts the
Debtor owes the Mortgagee under master contract exceeds “the maximum creditor’s rights” registered, for the exceeding
part, the Mortgagee still enjoys mortgage priority within the mortgage guarantee scope as agreed herein.

 

4. In case of any conflict with other
provisions, this provision shall govern.

 

 

/s/ Seal of Shenzhen Xunlei
Networking Technologies Co., Ltd.

 

/s/  Seal of Shanghai Pudong Development Bank Co.,
Ltd. Shenzhen Branch

 

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left blank)

 

     

     

    

 

(Signature page)

 

This Contract shall
be signed by the two parties set forth below. Both parties to this Contract hereby acknowledge that they have explained and discussed
all the terms and conditions herein in detail and have no objection to any provisions herein; they have a correct and accurate
understanding on relevant rights and obligations of the parties to this Contract and legal meaning of responsibility restrictions
or exemption provisions.

 

	The Mortgagor (Seal)	 	The Mortgagee (Official seal or special seal for contract)
	 	 	 
	By:	/s/ Kening Wu 	 	By:	/s/ Daoping Huang 
	Legal representative or authorized representative	 	Legal representative, Responsible person or authorized representative (Signature or seal)
	 	 	 	 	 
	/s/ Seal of Shenzhen Xunlei Networking
    Technologies     Co., Ltd.	 	/s/ Seal of Shanghai Pudong Development Bank Co.,
    Ltd.     Shenzhen BranchExhibit 4.37

 

Irrevocable Letter of Guarantee of Maximum
Amount

 

To: China Merchants Bank Shenzhen Branch

 

Whereas your bank and
Shenzhen Xunlei Networking Technologies Co., Ltd. (hereinafter “the Credit Applicant”) has made and entered into
the Credit Agreement (hereinafter “the Credit Agreement”), in which, your bank agrees to provide a credit amount
of CNY85,000,000 (in words: Eighty Five Million Yuan) (including other currencies of equivalent value) (hereinafter "the
Credit Amount")to the Credit Applicant for the agreed Credit Period under the Credit Agreement (hereinafter “the Credit
Period”, that is, the debt establishment period).

 

Upon request of the
Credit Applicant, we, as the Guarantor, hereby agree to issue this letter of guarantee (hereinafter the "L/G") and voluntarily
assume joint and several guarantee liability for all debts owed by the Credit Applicant to your bank under the Credit Agreement,
subject to the following terms and conditions:

 

1. Guarantee of Maximum Amount

 

1.1 During the Credit
Period, your bank may extend credit to the Credit Applicant in installments. Specific credit types and credit amounts, whether
different credit types can be swapped, specific credit utilization conditions and other terms and conditions are subject to the
approval of your bank. If, during the Credit Period, your bank makes any adjustments to the original approval according to the
application of the Credit Applicant, any subsequent approvals issued by your bank will constitute supplements or modifications
to the original approval, and so forth.

 

The expiration date
of specific credit type may be later than the expiration date of the agreed Credit Period under the Credit Agreement.

 

1.2 If, upon the expiration
of the Credit Period, there is still any balance of loans, advances or other credits extended by your bank to the Credit Applicant,
the Guarantor shall assume joint and several liability for repayment of such debt within the guarantee scope determined under Article
2 hereof; if, before the expiration of the Credit Period, your bank make earlier claim for repayment against the Credit Applicant
in accordance with provisions of the Credit Agreement and/or other separate contracts, the Guarantor shall also assume joint and
several guarantee liabilities for repayment within the guarantee scope determined under Article 2 hereof.

 

1.3 In respect of commercial
bills acceptance, letter of credit (including entrusted issuing of letter of credit, back-to-back letter of credit, same below),
letter of guarantee, delivery guarantee, cross-border coordinated trade financing and other credit services provided by your bank
to the Credit Applicant during the Credit Period, even though your bank has not made any advance for such credits up to expiration
of the Credit Period, but have to make advances for such credits thereafter, the Guarantor shall also assume joint and several
guarantee liability for all debts of the Credit Applicant arising therefrom within the guarantee scope determined under Article
2 hereof. 

 

1.4 Consent of
or notification to the Guarantor is not required for, and the Guarantor hereby acknowledges, any extension arrangements or modifications
regarding time limits, interest rates, amounts and/or other terms and conditions of any specific services, reached between your
bank and the Credit Applicant in the course of performing such specific services under the Credit Agreement; such extension arrangements
and modifications will have no prejudice to the Guarantor’s guarantee liability hereunder. 

 

     

     

    

 

1.5 The Guarantor
shall also assume the guarantee liability in accordance with this L/G for the principals and interests of the debts arising from
your bank’s acceptance of or payment for those letters of credit under the Credit Agreement for which the documents received
contain discrepancies as reviewed by your bank, if such discrepancies have been accepted by the Credit Applicant, and will not
raise any objection on the ground that your bank accepts such discrepancies without consent of the Guarantor or informing the Guarantor.

 

1.6 Consent of
or notification to the Guarantor is not required for, and the Guarantor hereby acknowledges, any modifications to letters of credit
or letters of guarantee (or standby letters of credit), or extensions of payment deadlines of long-term letters of credit after
acceptance or payment pledge is made; such modifications or extensions will have no prejudice to the Guarantor’s guarantee
liability hereunder. 

 

1.7 The Guarantor hereby
acknowledges that separate service agreements (whether single transaction agreements / application forms or framework agreement)
signed by your bank and the Credit Applicant regarding any and all specific transactions within the scope of the Credit Amount
will constitute integral parts of the Credit Agreement, which collectively provide for the arrangement of rights and obligations
involved in specific services.

 

The Guarantor hereby
acknowledges that specific amounts, time limits, purposes and other elements of credit services actually occurring between your
bank and the Credit Applicant are subject to specific service agreements, the transaction vouchers produced by your bank and the
transaction records of the system.

 

1.8 Transfer of benefits
of such services as letters of guarantee, customs payment guarantee and commercial paper guarantees processed by your bank at the
application of the Credit Applicant will not affect the Guarantor’s guarantee obligations hereunder, and the Guarantor hereby
pledges not to raise any objection on such ground.

 

2. Scope of Guarantee

 

2.1 The Guarantor’s
scope of guarantee shall be the sum of principals of all loans and other credits (capped at Eighty Five Million Yuan (in numbers:
CNY85,000,000)) your bank has extended to the Credit Applicant in accordance with the Credit Agreement and related interests,
penalty interests and compound interests thereon as well as liquidated damages, factoring fees and other fees related to realization
of debts including but not limited to:

 

2.1.1 The balances of
loan principals extended by your bank in accordance with separate contracts concluded under the Credit Agreement and corresponding
interests, penalty interests, compound interests, liquidated damages and related fees;

 

2.1.2 The balances of
principals advanced by your bank for the Credit Applicant for performing commercial bills, letters of credit, letters of guarantees/customs
payment guarantee/commercial paper guarantees, delivery guarantee and other payment obligations under the Credit Agreement and
interests, penalty interests, compound interests, liquidated damages and related fees thereof, as well as the Credit Applicant’s
debt to your bank formed by discount guarantees provided for the Credit Applicant’s commercial acceptance bills.

 

2.1.3 Under factoring
service, account receivable debts against the Credit Applicant accepted by your bank and corresponding liquidated damages thereof
(overdue fines, fees), and/or basic purchase money (basic acquisition money) paid by your bank to the Credit Applicant by using
your bank’s own funds or other funds of lawful sources and related factoring fees.

  

     

     

    

 

2.1.4 The balances of
principals of advances and payments made upon entrust of your bank for trade financing service under the Credit Agreement and interests,
penalty interests, compound interests, liquidated damages and related fees thereof;

 

2.1.5 Documentary credits
or advances (whether within the Credit Period or not) made by your bank in accordance with any specific service agreement for the
purpose of repaying the coordinated platform financing when processing entrusted issuing of letters of credit, entrusted overseas
financing, cross-border trade direct train and other cross-border coordinated trade financing services for the Credit Applicant
under the Credit Agreement, and interests, penalty interests, compound interests, liquidated damages and related fees thereof;

 

2.1.6 Principals of
advances made by your bank for performing your obligations as the issuing bank under back-to-back letters of credit issued by another
branch of your bank to the beneficiary under your entrust after your bank has issued letters of credit at the request of the Credit
Applicant, principals of debts of import bill advances and delivery guarantee incurred due to the issuance of such letters of credit,
and interests, penalty interests, compound interests, liquidated damages and related fees thereof;

 

2.1.7 All debts owed
by the Credit Applicant to your bank under derivative trading, gold lease and other related businesses;

 

2.1.8 Outstanding
balances of specific services under the _——__
Agreement No.__——___ (insert name of the Agreement)
originally signed by your bank (or relevant subordinate body of your bank) with the Credit Applicant;

 

2.1.9 All fees and expenses
incurred by your bank due to recovering debts from the Credit Applicant (including but not limited to legal costs, attorney's fees,
announcement fees, delivery fees, travel expenses, etc.).

 

2.2 In respect of revolving
credit, if the balances of loans or other credits extended by your bank to the Credit Applicant exceeds the Credit Amount, the
portion of credits exceeding the Credit Amount will not be attributable to the Guarantor, the Guarantor will only assume joint
and several guarantee liability for the balances of principals of loans or other credits not exceeding the Credit Amount and interests,
penalty interests, compound interests, liquidated damages and related fees thereof.

 

Notwithstanding
the foregoing, the Guarantor hereby expressly states that: even though the balances of principals of loans or other credits extended
by your bank to the Credit Applicant exceeds the Credit Amount at a certain time point during the Credit Period, if the total balance
of all credit principals does not exceed the Credit Amount when your bank demands the Guarantor to assume guarantee liability,
the Guarantor may not raise objection on the ground of the foregoing provisions, but shall assume joint and several guarantee liability
for the balance of all credit principals and interests, penalty interests, compound interests, liquidated damages and related fees
thereof (subject to the scope specified under Article 2.1). 

 

2.3 The Guarantor
hereby acknowledges that all debts under new loan repayments, old loan conversions, letters of credit, letters of guarantee, notes
and other businesses processed by your bank for the Credit Applicant during the Credit Period (whether such old loans, letters
of credit, letters of guarantee, notes and other businesses occur during or before the Credit Period) are included within the scope
of guarantee. 

 

     

     

    

 

2.4 When the Credit
Applicant is applying for the provision of import letter of credit, if any subsequent import bill advances are made under the same
letter of credit, the import letter of credit and import bill advances will take up the same amount of the Credit Amount at different
stage, that is to say, when an import bill advance is made, the credit amount recovered from outward payment made by the letter
of credit will be re-applied to import bill advance and deemed as taking up the same credit amount as the original import letter
of credit, which is hereby acknowledged by the Guarantor.

 

3. Mode of Guarantee

 

The Guarantor hereby
acknowledges to assume joint and several liability economically and legally for all debts of the Credit Applicant within the guarantee
scope specified under Article 2. If the Credit Applicant fails to repay principals, interests and related fees of any loans,
advances and other credits on time in accordance with provisions of the Credit Agreement and / or relevant separate contracts,
or in case any of other breach events provided under the Credit Agreement and/or relevant separate contracts has arisen, your bank
shall have the right to take recourse against the Guarantor directly without the need to take recourse or bring an action against
the Credit Applicant on a prior basis. Even though mortgages, pledges or other guarantees have also been established to secure
on-time repayment of full debts of the Credit Applicant under the Credit Agreement, your bank also have the right to take direct
recourse against the Guarantor for repayment of full debts of the Credit Applicant under the Credit Agreement, without the need
to dispose the mortgaged assets, pledged assets or goods or bills under the trade financing or take recourse against other guarantors
on a prior basis. 

 

The notice of claim
sent by your bank shall be final and shall not be objected by the Guarantor. The Guarantor agrees to repay in full all debts of
the Credit Applicant under the Credit Agreement within five days after receiving the written notice of claim from your bank, without
the need for your bank to present any proofs and other documents. Unless there is an obvious and material error, the Guarantor
accepts the amount claimed by your bank to be an accurate amount. 

 

Your bank shall
have the right to collect debts from the Guarantor by the methods it deems appropriate, including but not limited to fax, mail,
personal service, announcement in the public media, etc.

 

4. Term of Guarantee

 

The Guarantor’s
term of guarantee shall last from the effective date of this L/G until three years following the maturity date of each loan or
other financing facility or account receivable debt acquired by your bank or the advancing date of each advance under the Credit
Agreement. The term of guarantee for the duration extension of any specific credit shall be extended to three years following expiration
of the extended period.

 

5. Independence of the L/G

 

This L/G is independent,
effective continuously, irrevocable and unconditional, is not affected by validity of the Credit Agreement and that of any separate
contract thereunder or any agreement or document signed between the Credit Applicant and any entity/individual, will not change
due to fraud, reorganization, suspension, dissolution, liquidation, bankruptcy, merger, separation, restructuring, expiration of
business term or any other change in the Credit Applicant, and will not be affected by any grace period or extension granted by
your bank to the Credit Applicant or your bank’s delay in exercising its right to claim debts from the Credit Applicant under
any relevant agreement. 

 

     

     

    

 

Where there are
also mortgages, pledges or other guarantors to secure the debts of the Credit Applicant, your bank shall have the right to choose
to claim its security right against any and all mortgagors/pledgors/other guarantors (including the Guarantor) separately, successively
or concurrently; surrender, modification or termination of mortgages or pledges, or delay in claiming against any mortgagors, pledgors
or other guarantors by your bank will not affect the Guarantor’s guarantee liability hereunder; in such cases, the Guarantor
shall still have the obligation to assume joint and several guarantee liability for credit debts owed by the Credit Applicant to
your bank in accordance with provisions of this L/G. 

 

6. The Guarantor makes the following
special representations and guarantees: 

 

6.1 The Guarantor is
a legal person or other type of organization with the guarantor qualification lawfully established in accordance with the law,
or a natural person with full capacity for civil conduct, and is willing to perform obligations hereunder with assets which it
has ownership or the right of disposal;

 

6.2 The Guarantor is
issuing this L/G with full authority or approval of its superior authority or board of directors or other authorities;

 

6.3 The issuance of
this L/G is the true intention of the Guarantor without fraud or under any coercion;

 

6.4 Before the expiration
of this L/G, the total amount of external guaranties (including conversion of foreign currencies) shall not exceed full value of
all equity under the Guarantor's ownership;

 

6.5 The Guarantor shall
provide your bank with financial books/statements and annual financial reports as required by your bank, and timely inform your
bank of the Guarantor’s major decisions and changes in production, operation and management.

 

6.6 The financial information
and all other documents provided by the Guarantor to your bank are authentic and lawful; the legal representative or other responsible
persons of the Guarantor shall assume inescapable responsibility for the authenticity and lawfulness of such information;

 

6.7 The Guarantor shall
issue a letter of cross guarantee as required by your bank;

 

6.8 Any change in industrial
and commercial registration information, organizational structure, equity structure, operation mode or financial position of the
Guarantor or debt restructuring, major related-party transactions or other activities engaged by the Guarantor will have no prejudice
to the legal binding force of this L/G on the Guarantor. In case any such change may prejudice the Guarantor’s capability
to perform its obligations hereunder, the Guarantor shall have the obligation to inform your bank promptly;

 

6.9 Successors and assigns
of the Guarantor are bound by all terms and conditions of this L/G. Without written consent of your bank, the Guarantor shall not
assign the above obligations.

 

6.10 In case the
Guarantor fails to repay the guaranteed debts in accordance with provisions of this L/G, your bank shall have the right to freeze/deduct
funds in/from any account of the Guarantor at China Merchants Bank or entrust other financial institutions to freeze / deduct funds
in/from any account of the Guarantor at such institutions (if the guaranteed debts are not denominated in Chinese yuan, your bank
shall have the right to purchase foreign exchange from the Guarantor’s CNY account according to the exchange rate published
by your bank at the time of deduction), until all debts of the Credit Applicant to your bank under the Credit Agreement has been
fully repaid. If there is any shortage amount following such freezing and deduction, your bank shall have the right to take further
recourse against the Guarantor.

 

     

     

    

 

7. No Waiver

 

During the term of validity
of this L/G, any tolerance or grace period given by your bank for any breach or delay of the Credit Applicant or the Guarantor
or any delay of your bank in exercising any interest or right under the Credit Agreement or this L/G will not prejudice, affect
or restrict any rights and interests your bank are entitled to as the creditor in accordance with the law and this L/G, and shall
not be deemed as your bank’s waiver of its right to adopt action against any existing or future breach.

 

8. Terms and Expressions

 

All terms and expressions
used herein shall have the same meaning as set forth in the Credit Agreement unless expressly stated otherwise.

 

9. Notification

 

9.1 All notices, requests
or other documents issued by your bank related to this Agreement shall be made in writing (including but not limited to by mail,
fax, email, Party A’s E-bank, mobile phone short message service (SMS), WeChat, or other acceptable means).

 

The Guarantor’s
postal address: Room 802, Building 11, Shenzhen Software Park, High-tech Zone Central Area, Nanshan District, Shenzhen Municipality

 

Email: wuzhenchao@xunlei.com
Fax: —

 

Mobile phone: —
WeChat: —

 

(If the Guarantor is
an entity, please provide email/WeChat of the entity; if the Guarantor is an individual, please provide personal email/WeChat)

 

9.2 Notification, if
delivered by personal service (including but not limited to service by lawyer/notary public or express delivery) will be deemed
served upon being signed for receipt by the addressee (in case of rejection by the addressee, the notification will be deemed served
upon the rejection date/return date or seven days following posting, whichever is earlier), if delivered by postal mail, will be
deemed served seven days following posting, if delivered by fax, email, your bank’s E-bank notification, mobile SMS, WeChat
or other acceptable electronic means, will be deemed served upon the date of successfully sent as shown in your bank’s corresponding
system.

 

Notification of debt
transfer or debt collection to the Guarantor announced by your bank on any public media will be deemed served upon the date of
announcement.

 

The Guarantor shall
inform your bank about any change in its postal address, email, fax, mobile phone or WeChat within five business days of such change,
otherwise your bank shall have the right to serve notification to the original address or contact details. Notification failed
due to change in address will be deemed served upon the date of return or seven days following posting, whichever is earlier. The
Guarantor shall bear the loss of such notification failure on its own without prejudice to the legal effectiveness of the service.

 

     

     

    

 

9.3 The above postal
address, email, fax, mobile phone and WeChat will also serve as the address for service of notary and judicial documents to the
Guarantor (including but not limited to complaints/arbitration applications, evidences, summons, notices of response, notices of
proof, notices of court session, notices of hearing, judgments/awards, orders, conciliation statements, notices of performance
within a specified time and other legal documents for the hearing and execution stages); service of documents by the court of litigation
and the notary public in writing as provided hereunder to the above address for service will be deemed duly served (refer to Article
9.2 above for the specific service standard).

 

10. Transfer

 

Whether the creditor’s
right secured by the maximum amount guarantee is determined or not, if your bank transfers full amount of your creditor’s
right under the Credit Agreement to any third party, the maximum amount guarantee as the secondary right will be transferred to
the assignee concurrently.

 

If your bank transfers
a portion of your creditor’s right after the amount secured by this L/G is determined, this guarantee as the secondary right
will also be transferred in part, thereafter, your bank with the non-transferred portion of debt claim and the assignee of the
transferred portion of debt claim will share the security right and interest against the Guarantor proportionately according to
your respective share of debt claim; if your bank transfers a portion of the debt claim before the debt amount secured by this
L/G is determined, the guarantee right and interest will also be transferred in part, and the maximum amount of your bank’s
principal debt secured by the original maximum amount guarantee will be reduced correspondingly (that is, the maximum amount of
your bank’s principal debt secured by the original maximum amount guarantee will be reduced by the amount of the transferred
debt portion), after the amount of your bank’s untransferred portion of principal debt is determined, your bank with the
untransferred portion of debt and the assignee of the transferred portion of debt will share the security right and interest against
the Guarantor proportionately according to your respective share of debt

 

11. Miscellaneous

 

The Guarantor hereby
acknowledges that, all operations of your bank related to the processing of specific services for the Credit Applicant and this
L/G may be conducted by any outlet within the jurisdiction of your bank which may generate, issue or present relevant instruments;
business operations conducted and instruments generated, issued and presented by your bank’s outlets will be deemed as done
your bank and will be binding upon both parties.

 

12. Dispute Resolution

 

This L/G shall be governed
by the laws of the People’s Republic of China (excluding the laws of Hong Kong SAR, Macao SAR and the Taiwan Region). The
Guarantor hereby agrees to resolve any and all disputes and controversies arising out of or in connection with this L/G through
dispute resolution methods agreed under the Credit Agreement.

 

     

     

    

 

13. Effectiveness

 

13.1 If the Guarantor
is a legal person or other type of organization, this L/G will enter into force upon being signed and affixed with name seal by
legal representative/principal responsible person of the Guarantor or his/her authorized agent and affixed with common seal/seal
of contract of the Guarantor.

 

13.2 If the Guarantor
is a natural person, this L/G will enter into force upon being signed by the Guarantor.

 

14. Supplementary Provisions

 

This L/G is executed
in triplicate, with your bank, the Credit Applicant and the Guarantor each keeping one copy, and all copies have equal legal force.

 

Special notes: 

 

All terms and conditions
of this L/G has been explained by your bank to the Guarantor who hereby confirms that its understanding of such terms and conditions
are consistent with your bank’s explanation. In addition, your bank has reminded the Guarantor to pay special attention to
those terms and conditions regarding exemption or limitation of your bank’s liabilities, some rights unilaterally owned by
your bank, and increase or limit of the Guarantor’s liabilities or rights, and to comprehend such terms and conditions fully
and accurately. 

 

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left blank)

 

     

     

    

 

(This page is the signature page of the
Irrevocable Letter of Guarantee of Maximum Amount)

 

Guarantor: Giganology (Shenzhen) Co., Ltd.
(Seal)

 

	By:	/s/ Lei Chen	 

 

Legal representative, principal responsible
person or authorized representative

 

/s/ Seal of Giganology (Shenzhen)
Co., Ltd

 

Signing date: March 15, 2018

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