Document:

Exhibit 10.7

  

Technical
Development (Commission) Contract

  

Project
Name: Construction Project for Information Platform in Phase I of Nanning Comprehensive Bonded Area

 

Commissioning
Party (Party A): Guangxi Nanning DangdaiFengyun Investment Management Co., Ltd

 

Commissioned
Party (Party B): Zhuhai PowerBridge Technology Co., Ltd

 

Signature
Date: July, 2016 

 

Signature
Address: Zhuhai 

 

Period
of Validity: One Year 

  

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Commissioning
Party (Party A): Guangxi Nanning Dangdai Fengyun Investment Management Co., Ltd 

 

Address:
Floor 12, Tower A, Industry Building, Nanning Advertisement Industrial Park, No. 28, Binhe Road, Nanning 

 

Legal
Representative: Huang Weiping 

 

Project
Contact Person: Lu Hengyu 

 

Contact
information: 0771-5816916 

 

E-mail:
/__________________________

 

Address:
Floor 12, Tower A, Industry Building, Nanning Advertisement Industrial Park, No. 28, Binhe Road, Nanning 

 

Telephone:
0771-5816916  Fax: 0771-5816916 

 

Commissioned
Party (Party B): Zhuhai PowerBridge Technology Co., Ltd 

 

Address:
Floor D-1, Southern Software Park, No. 1, Software Park Road, Tangjiawan, Zhuhai 

 

Legal
Representative: BAN LOR 

 

Project
Contact Person: Li Jin 

 

Contact
information: 13978825992 

 

E-mail:
Jinli@powerbridge.com 

 

Correspondence
Address: Floor D-1, Southern Software Park, No. 1, Software Park Road, Tangjiawan, Zhuhai

  

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Telephone:
0756-3395666  Fax: 0756-3395667 

 

Service
Hotline: 400-885-4114 

 

Bank
Name: Bank of Communications Zhuhai Branch Xiangzhou Sub-branch 

 

Account
Name: Zhuhai PowerBridge Technology Co., Ltd 

 

Bank
Account: 444000091018000745538 

 

Upon
the procurement tender procedure of Guangxi Nanning Municipal Government, Party A accepts the bid of Party B for the Project,
and determines Party B as the construction unit for the Construction Project for Information Platform in Phase I of Nanning Comprehensive
Bonded Area. In accordance with the Contract Law of the People's Republic of China, the Copyright Law of the
People's Republic of China and other relevant laws and rules, and on the basis of consensus reached through full consultations
in the principle of mutual understanding and equal cooperation, Party A and Party B come to agreement for relevant affairs about
the Project and hereby authorize their respective representatives to sign the Contract (hereinafter short for “the Contract)
with below terms and conditions.

  

		1	Procurement
                                         Scope and Content

 

		1.1	Procurement
                                         Name: Party B shall supply deliverables in the Construction Project for Information
                                         Platform in Phase I of Nanning Comprehensive Bonded Area (refer to the Project
                                         Equipment List for detailed information) As for the detailed information about
                                         the final software and hardware list, Party B shall investigate and analyze the demands
                                         of Party A according to the actual requirements of the Project after the kick-off of
                                         the Project. Both parties shall work together to confirm the software functions, hardware
                                         facilities, hardware configuration and service items and perform supplements and improvement
                                         for relevant Schedules of the Contract like technical specification. Under the supervision
                                         and confirmation of the supervision authority, Party A and Party B shall then sign to
                                         confirm the final version of Project Equipment List and Software
                                         Function Confirmation Letter to guarantee that the platform could reach the requirements
                                         described in the bid documents.

 

		1.2	In
                                         the event that the procurement quantity determined in the Project Equipment List
                                         and Software Confirmation Letter is not consistent with the actual
                                         quantity used, Party A will negotiate with Party B to sign a supplementary contract without
                                         making any changes to other terms and conditions of the Contract. Party B shall supply
                                         goods according to the actual use quantity of the Project. Both parties shall calculate
                                         the final settlement amount according to the actual use quantity and actual engineering
                                         quantity of the Project.

  

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		2	Contract
                                         Price

 

	No.	 	 	Item Contents	 	Price (Yuan)	 
	 	1	 	 	Equipment procurement	 	 	23,988,800	 
	 	2.	 	 	Software development and technical service fee	 	 	3,600,000	 
	 	 	 	 	Total Contract Amount: RMB Twenty-seven Million Five Hundred and Eighty-eight Thousand Eight Hundred Yuan in Total	 	 	27,588,800	 

 

 

		3	Delivery
                                         Requirements

 

3.1       Delivery
Date: complete the delivery, installation and commissioning before July 31, 2016

 

3.2       Place
of Delivery: A place in Nanning City (place designated by the Purchaser)

 

3.3       Delivery
Method: Site construction and training 

  

		4	Quality
                                         Guarantee Deposit for the Project

 

		4.1	After
                                         the acceptance of the Project, the amount equivalent with 5% of the contract amount will
                                         be used as the quality guarantee deposit. Upon the maturity of the warranty period, Party
                                         A shall refund the corresponding amount to Party B according to terms and conditions
                                         of the Contract.

 

		5	Quality
                                         Assurance and After-sales Services

 

		5.1	Warranty
                                         Period:

 

Hardware:
one year from the date of arrival of the hardware equipment;

Software: One year from the date of on-line operation of the software system.

 

		5.2	In
                                         the warranty period, Party B shall assume quality assurance liabilities for all software
                                         and hardware supplied by it, without any additional charge to Party A.

 

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		5.3	In
                                         the event that any software and hardware supplied by Party B has any quality problems
                                         in the using process, Party B shall provide response to Party A within two hours upon
                                         the receiving of the fault notice. In case of necessity in the belief of Party A, Party
                                         B shall come to the site to resolve such quality issues.

 

		5.4	In
                                         the warranty period, Party B is responsible for repairing errors in the software system,
                                         through software patch.

 

		5.5	In
                                         purchasing any components, Party B shall require the supplier to provide and same warranty
                                         period and supply spare parts and professional repair services at favorable prices. In
                                         case of any fault of the system due to quality defects of system hardware, Party B shall
                                         take charge of the maintenance, repair and technical supports. If required, Party B shall
                                         contact the manufacturer to repair or replace the corresponding parts. Non-intentional
                                         damages and damage arising in the normal using scope should be repaired for free. No
                                         separate expense should be charged for such services.

 

		5.6	Within
                                         the scope of the bidding documents, if Party A believes that the hardware purchased by
                                         Party B does not meet the technical requirements of Party A, both parties shall negotiate
                                         with each other according to the actual situations and handle according to below methods:

 

		(1)	Replace:
                                         Party B shall bear all expenses incurred;

 

		(2)	Handle
                                         at depreciated value: both parties shall negotiate to determine the price;

 

		(3)	Reject
                                         the products: if the quality of the hardware still fails to reach the requirements of
                                         Party A after the efforts of Party B and its suppliers, Party A shall provide a written
                                         notice and describe the reasons if it would like to reject the product. Upon the agreement
                                         of Party B, Party A could require Party B to refund the corresponding amount. In such
                                         cases, Party A could also require Party B to undertake all relevant direct expenses (transportation
                                         expenses, insurance expense, inspection expenses, interest of the contract price, banking
                                         service charges and so forth).

 

		5.7	Party
                                         B’s failure in fulfilling the above obligations in the warranty period would be
                                         deemed as breach of contract. In such cases, Party A shall also have the right to investigate
                                         Party B's relevant responsibilities.

 

		5.8	After-sales
                                         maintenance period shall commence upon the completion of the platform construction. Both
                                         parties shall negotiate and sign a project maintenance service agreement one month before
                                         the maturity of the warranty period. The annual maintenance fee is subject to the accumulated
                                         service amount. To facilitate Party B in providing professional services, the specific
                                         service responsibilities and service scope shall be defined in the agreement reached
                                         through friendly negotiation.

  

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		6	Payment
                                         Stages

 

	No.	 	Payment Basis and Date	 	Amount (Yuan)	 
	1	 	Pay 30% of the total contract amount within 10 working days upon the signature of the Contract.;	 	 	8,276,640	 
	2.	 	Pay 40% of the total contract amount within 10 working days after the hardware equipment is delivered to Party A;	 	 	11,035,520	 
	3	 	Pay 25% of the total contract amount within 10 working days after the Project passes the national acceptance;	 	 	6,897,200	 
	4	 	The remaining 5% of the total contract amount will be used as quality guarantee deposit for the project. In the absence of any quality issues, Party A shall refund the quality guarantee deposit (without interest) to Party B within 10 working days upon the maturity of the warranty period.	 	 	1,379,440	 
	Total	 	In Capital: Total Contract Amount: RMB Twenty-seven Million Five Hundred and Eighty-eight Thousand Eight Hundred Yuan in Total	 	 	27,588,800	 

 

		7	Responsibilities
                                         and Obligations of Party B

 

7.1       Work
contents to be jointly undertaken by Party A and Party B:

 

		(1)	The
                                         Project shall be completed under the cooperation of both parties. Both parties shall
                                         constitute a project management team. Party A and Party B shall designate their respective
                                         project responsible person to participate in the whole process of the platform construction
                                         and assume the corresponding responsibilities associated with the Project.

 

		(2)	Complete
                                         the investigation and analysis for the project demands and the overall planning and design
                                         of the Project, and confirm the Project Equipment List and Software
                                         Function Confirmation Letter.

 

		(3)	All
                                         critical items of the Project should be communicated between both parties in written.
                                         All amendments and supplement about the Project should be confirmed by both parties in
                                         written.

 

		(4)	Complete
                                         the preparation of working plan and objectives for various stages, confirmation for the
                                         completed tasks, and the acceptance check and final confirmation of software and hardware.

  

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7.2       Work
contents to be undertaken by Party A:

 

		(1)	Party
                                         A shall designate responsible person for the Project to take charge of coordinating resources
                                         of party A and relevant third parties (including users of the platform) to cooperate
                                         with Party B in implementing relevant project work, providing the basic environment and
                                         required conditions for the implementation of the Project, and performing confirmation
                                         and making timely decisions for specific events of the Project on behalf of Party A.
                                         Party B will take the information and decision-making opinions provided by project manager
                                         of Party A as the basis for the implementation of the Platform. Party A shall be liable
                                         for the data, information materials and decision-making opinions of its project manager,
                                         and assume the relevant responsibilities and consequence of its decisions.

 

		(2)	Take
                                         charge of the management of the platform project, organize personnel of relevant departments
                                         in participating in the project, and maintain the relationship with the governmental
                                         authorities and relevant supervision departments.

 

		(3)	Take
                                         charge of checking, supervising and accepting the delivery of software and hardware in
                                         various stages, and completing the acceptance check of the platform.

 

7.3       Work
contents to be undertaken by Party B:

 

		(1)	Perform
                                         Party B's duties and responsibilities in accordance with the project plan and project
                                         objectives.

 

		(2)	Conduct
                                         a detailed investigation for the platform demands of of Party A, provide implementation
                                         proposal for the construction of the platform, which shall be taken as the guiding document
                                         of the project construction after final confirmation of both parties.

 

		(3)	Provide
                                         hardware facilities and equipment required by the platform, set up the network system,
                                         construct the computer room and guarantee the application and sound operation of the
                                         platform.

 

		(4)	Take
                                         charge of the technological research and development of the platform and development
                                         of corresponding applications, arrange tests, provide startup services, on-line operation
                                         services, system initialization services and technical supports, and arrange training
                                         programs about software application to personnel of Party A, and provide professional
                                         implementation and services.

 

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		8	Property
                                         Rights

 

		8.1	Party
                                         B guarantees that the software and hardware provided will not infringe the patent, trademark
                                         or copyright of any third party.

 

		8.2	The
                                         intellectual property rights in the final result of the customized software commissioned
                                         by Party A to Party B in this contract shall be jointly owned by Party A and Party B.
                                         Technical achievements and intellectual property rights already owned by Party B before
                                         undertaking the Project are exceptional to the above provisions. Party A shall have the
                                         permanent use right of the Project.

 

		9	Technical
                                         Materials

 

9.1       Within
the scope of the Contract, Party A will provide Party B with the relevant technical requirements about the goods to be purchased.

 

9.2       Party
B shall provide Party A with relevant technical materials for the use of the goods within the time specified in the procurement
documents.

 

		9.3	Without
                                         the prior written consent of both parties, neither party may provide clauses, specification,
                                         plan, drawings, samples or materials of the Contract or in connection with the Contract
                                         provided by the other party to any person irrelevant with the performance of the Contract.
                                         In the event of disclosure made to personnel in connection the performance of the Contract,
                                         Party B shall still fulfill the confidentiality obligation and limit such disclosure
                                         within the necessity for the performance of the Contract.

  

		10	Collaboration
                                         Matters at Various Stages of the Project

 

10.1       Methods
for Equipment Delivery, Installation and Commissioning, System Deployment and Project Acceptance Check

 

		1)	Equipment
                                         Delivery

 

		2	Party
                                         B shall, before shipment of the goods, request the supplier to provide packages that
                                         could meet the requirements about the transportation, moisture resistance, shock resistance,
                                         rust prevention and damage prevention in loading and unloading and so forth for the goods
                                         to ensure the goods could be delivered to the designated place of Party A in a intact
                                         and safe manner.

  

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		2	Party
                                         B shall require its suppliers to deliver the user manual, quality certificate, warranty
                                         documents, accompanied parts and tools and list of the goods together with the goods.
                                         Party B shall submit equipment delivery list and relevant documents to Party A.

 

		2	Party
                                         B shall inform Party A 24 hours before the arrival of the goods at designated place of
                                         Party A to ensure Party A has sufficient time to arrange the acceptance of the equipment.
                                         Party B shall also inform the arrival of the goods to Party A. Party B shall be liable
                                         for the risks arising before the goods are delivered to Party A.

 

		2	Party
                                         A shall, within five working days, carry out arrival inspection, confirmation and receipt
                                         signature for the equipment delivered by Party B according to relevant regulations. In
                                         the event that the appearance and specification of the goods fails to conform to relevant
                                         requirements or Party A has any objections to quality of the goods, Party A shall issue
                                         a written notice to Party B within five working days upon the arrival of the goods. In
                                         such cases, Party B shall handle and feedback to Party A in time. No refusal and delay
                                         are permitted. The absence of written objection notice would be deemed as completion
                                         of the equipment delivery.

 

		2)	Installation
                                         and Commissioning of Equipment:

 

		2	Within
                                         the scope of the terms and conditions of this contract, Party B shall arrange installation
                                         and commissioning for the equipment according to designated requirements of Party A,
                                         and submit equipment delivery list and relevant documents to Party A.

 

		2	Party
                                         A shall make fundamental environment and required conditions for the installation of
                                         the equipment in time.

 

		2	Party
                                         A shall confirm the equipment deployed by Party B within five working days. In case of
                                         any objections to equipment deployed by Party A, Party A shall, within five working days,.
                                         Issue a written notice to Party B. In such cases, party B shall arrange amendment and
                                         improvement for the installation and deployment of the equipment. No delay or refusal
                                         of Party B would be accepted. The absence of written objection notice would be deemed
                                         as completion of the equipment installation and commissioning.

 

		3)	System
                                         Deployment:

 

		2	In
                                         accordance with the terms and conditions of this contract, Party B shall arrange installation
                                         and deployment of the system according to designated requirements of Party A, and submit
                                         equipment delivery list and relevant documents to Party A.

  

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		2	Party
                                         A shall confirm the software functions deployed by Party B within five working days.
                                         In case Party A has any objections to the software system installed and deployed by Party
                                         B, Party A shall, within five working days, issue a written notice to Party B. In such
                                         cases, Party A could require Party B to arrange amendment and improvement for the software
                                         functions. No delay or refusal of Party B would be accepted. The absence of written objection
                                         notice from party A would be deemed as completion of the deployment for the system.

 

		4)	Acceptance
                                         Check of the Project

 

		2	As
                                         the final stage of project construction, project acceptance will be initiated after Party
                                         B completes equipment delivery, equipment installation and commissioning, software system
                                         deployment and trial operation. Party A organizes relevant personnel to perform acceptance
                                         check for the overall operation status of the Project.

 

		2	On
                                         the basis of the scope and commitments described in the tender and bid documents of the
                                         Project, and the specification documents, technical indicators, quality indicators and
                                         other Project information in the Project Equipment List and Software
                                         Function Confirmation Letter confirmed by both parties, Party B shall prepare
                                         relevant acceptance check documents for the Project according to technical requirements
                                         of Party A and regulations in applicable national standard or industry standard. These
                                         acceptance check documents should be submitted to Party A, who would take them as the
                                         basis for the acceptance check of the Project.

 

		2	At
                                         the time of acceptance check, both Party A and Party B should present at the site. Acceptance
                                         check result report should be issued upon the completion of the acceptance check, which
                                         shall be confirmed by signatures and seals of both parties.

 

		2	Party
                                         B shall arrange professional training for Party A. Party A shall arrange and organize
                                         its personnel to participate in professional training programs arranged by Party B. The
                                         training contents shall cover the application, maintenance and operation of the system.

 

		2	After
                                         the input of typical data of users, the software system shall run normally and the output
                                         data should be correct.

  

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		11	Liabilities
                                         for Breach of Contract

 

		11.1	Within
                                         the scope of the Contract, Party B shall supply goods in accordance with the Project
                                         Equipment List and Software Function Confirmation Letter. Party
                                         A’s rejection of goods without any just cause and written rejection notice would
                                         be deemed as Party A’s breach of contract. In such cases, Party A shall pay liquidated
                                         damage at the amount of 5% of the value of the goods rejected.

 

		11.2	After
                                         completing any staged work specified in the Contract, Party B shall send an official
                                         notice to Party A. If Party A fails to pay any contract price to Party B without any
                                         reasonable cause, Party A shall pay the liquidated damage at the amount equivalent with
                                         0.05% of the overdue amount for each day delayed. In case the overdue period is more
                                         than 20 working days, Party A would be deemed as breach of contract. In case of breach
                                         of contract of Party A, Party A shall pay Party B a liquidated damage at the amount of
                                         5% of the total contract value. If Party B's loss exceeds the liquidated damages, Party
                                         A shall continue undertaking the compensation liability.

 

		11.3	In
                                         the event that Party A fails to provide the basic facilities and required conditions
                                         for the installation of the equipment and system, or fails to settle the contract payment
                                         in time and in full amount according to terms and conditions of the Contract, Party A
                                         shall be liable for relevant liabilities and consequences, including loss of Party B
                                         arising from delay in the project progress caused by such failure of Party A.

 

		11.4	In
                                         the event that Party B fails to deliver goods on time for reasons other than fault of
                                         Party A, Party B shall pay liquidated damage at the amount of 0.05% of the amount of
                                         the delayed goods. Party B would be deemed as breach of contract if it fails to deliver
                                         the goods for more than 20 working days after the due date specified in the Contract.
                                         In case Party B has such behaviors in breach of contract, Party B shall pay Party A a
                                         liquidated damage at the amount of 5% of the total contract amount.

 

		11.5	If
                                         the variety, model, specification, technical parameters and quality of goods delivered
                                         by Party B fail to conform to provisions of the Contract and standards specified in the
                                         Goods Demand List of the tender document, Party A has the right to reject the goods.
                                         If Party B agrees to replace the goods but delays in the delivery, Party A would handle
                                         according to provisions about delay in delivery. In case Party B refuses replacing goods,
                                         Party A has the right to terminate the Contract without the consent of Party A. Written
                                         notices should be used in such process as basis.

  

		12	Handling
                                         of Force Majeure Events

 

		12.1	In
                                         the term of the Contract, the performance period could be postponed if either party fails
                                         to perform the Contract due to the occurrence of any force majeure event. The period
                                         postponed should be same with the influencing period of the force majeure event.

  

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		12.2	After
                                         the occurrence of such event, the affecting party shall inform the other party immediately,
                                         and send certificate issued by relevant authorities.

 

		12.3	If
                                         the force majeure event continues for more than 120 days, both parties shall make decision
                                         about whether to continue performing the Contract through friendly negotiation.

  

		13	Supplementary
                                         Rules

 

		13.1	Any
                                         dispute in connection with the Contract or relevant affairs should be first settled through
                                         friendly negotiation. In case no consensus could be reached through negotiation, the
                                         dispute should be submitted to the arbitration agency or People’s Court at the
                                         respective places of both parties for arbitration or judgment.

 

13.2       Without
the consent of Party B, Party A shall transfer any rights and obligations under the Contract to any third party.

 

13.3       Modifications
and changes to the Contract: Both parties can only amend the Contract through written document signed by both parties.

 

13.4       The
Contract shall become effective after the signature of the legal representatives or authorized representatives and official seals
of both parties.

 

13.5       Any
unmentioned affairs of the Contract should be implemented according relevant clauses in the Contract Law of the People’s
Republic of China.

 

13.6       The
Contract should be made out in quadruplicate, each party shall keep two copies, all of which shall have same legal force.

 

		14	2.
                                         Schedules of the Contract 

 

Schedules:
Project Equipment List, List of Software Development and Technical Service Fee

  

Party
A: Guangxi Nanning Dangdai Fengyun Investment Management Co., Ltd

   

	Signature: ________________________	 	 

 

Signature
Date: July 27, 2016 

 

Party
B: Zhuhai PowerBridge Technology Co., Ltd 

 

(Seal)

 

	Signature: ________________________	 	 
	 	 
	Signature Date: July 27, 2016	 

 

 

 

 

 

 

 

 

 

 

 

  

    12Exhibit 10.8

 

Contract

 

Contract No.: GXZC2016-G3-3138-KLZB-A

 

Commissioning Unit (Party A): Department
of Commerce of Guangxi Zhuang Autonomous Region

 

Procurement Plan Number _____________________

 

Bid Winner (Party B): Consortium (Zhuhai
PowerBridge Technology Co., Ltd, Beijing Xinchengtong Digital Technology Co., Ltd)

 

Project Name and Number Procurement
for Public E-port Information Platform of Guangxi and the Development and Supervision Services for the International Trade “Single-window
(Phase II) Service System (GXZC2016-G3-3138-KLZB) 

 

Place of Signature:
________________ Date of Signature: __________________

 

In accordance with regulations
in the Procurement Law of the People’s Republic of China, Contract Law of the People’s Republic
of China and other relevant laws and rules, and on the basis of clauses in the tender document (procurement document) and
commitments of the bid winner, both parties agree to sign the Contract with below terms and conditions.

 

Article I: Subject
Matter

 

1. Supply
List

 

Sub-tender A: 1 item in Public
E-port Information Platform of Guangxi and the Development and Supervision Services for the International Trade “Single-window
(Phase II) Service System, one item of supporting hardware and third-party software, and computer room hosting services. Refer
to the Tender Document for details.

 

2. The total amount of the contract
is: RMB Eleven Million Four Hundred and Thirty-eight Thousand Six Hundred and Forty Yuan in Total (¥ 11,438,640.00)

 

3. The total contract
amount has already included all expenses of the software and service, including the software development, procured software/spare
parts, dedicated tools, installation, commissioning, tests, technical training, technical materials, package, transportation and
etc. In case the tender document and bid document have any other regulations, such regulations shall prevail.

 

Article II: Quality
Assurance

 

1. The quality of services,
software functions, technical specifications and technical parameters provided by Party B must be consistent with requirements
in the tender and bid documents and commitments of Party B.

 

2. The software provided
by Party B must be a new and unused original product. Moreover, under the normal installation, using and maintenance conditions,
various quality indicators of the software in the service life should reach the corresponding quality requirements.

 

Article III: Guarantee
of Rights

 

Party B guarantees that
the use of the services and software provided by it will not infringe the patent, trademark, industrial design right or any other
rights of any third parties.

 

Party B shall provide
Party A with relevant technical materials about the use of the software within the time specified in the tender documents.

 

     

     

    

 

Without the prior written
consent of Party A, Party B shall not provide clauses, specification, plan, drawings, samples or materials of the Contract or in
connection with the Contract provided by Party A to any person irrelevant with the performance of the Contract. In the event of
disclosure made to personnel in connection the performance of the Contract, Party B shall still fulfill the confidentiality obligation
and limit such disclosure within the necessity for the performance of the Contract.

 

Party B guarantees that
the ownership of the software delivered is completely owned by Party B, which does not have any defects in property rights like
mortgage, pledge or seizure.

 

Article IV: Transportation

 

1. Transportation method
of the software: Party B is responsible for the transportation.

 

2. Party B shall take
charge of the transportation of the software. The reasonable losses in software transportation and corresponding calculation method:
Party B assumes the full responsibility.

 

Article V: Delivery
and Acceptance Check

 

1. Delivery Time: Within
90 days upon the signature of the Contract; Place of Delivery: a place in Guangxi designated by Party A.

 

2. In the event that
Party B provides any software and services failing to meet requirements in the tender/bid documents and provisions in the Contract,
Party A shall have the right to reject such services and software.

 

3. Party B shall deliver
the packing list, user manual, original warranty card, random data, tools, spare parts, and so forth of the supplied software to
Party A. Any missing materials or parts should be replenished in time. Otherwise, Party B would be deemed have a breach of contract.

 

4. Pilot run with the
duration of 30 days would commence upon the completion of the delivery, installation and commissioning. If the system runs normally
in the pilot run period, Party A shall arrange acceptance check within seven working days upon the completion of the pilot run
period. Failure of Party A in arranging the acceptance check would be deemed as acceptance of Party A. After the successful acceptance
check, both parties shall sign acceptance certificate for the system, which shall be stamped with the official seal of the procurement
unit. The acceptance certificate should be made in duplicate and each party shall keep one copy.

 

5. In the event that
the procurement unit engages any procurement agency to organize the acceptance check. The date of the acceptance check should be
subject to the acceptance check date specified in the acceptance check proposal of the Project. The acceptance check results should
be subject to the conclusion in the acceptance report of the Project. In case any behavior in breach of contract of Party B is
discovered in the process of the acceptance check, Party A could temporarily suspend the fund settlement. After the breaching issues
have been resolved, Party A could start the fund settlement procedure.

 

6. If Party A has any
objections in the process of acceptance check, it shall put forward such objections to Party B in writing within five working days
after the acceptance check, and Party B shall promptly resolve them within 7 days after receiving such written notice.

 

Article VI: Installation
and Training

 

1. Party A shall provide
necessary installation conditions (such as site, power supply, etc.).

 

2. Party B shall be
responsible for training of relevant personnel of Party A. Training Time, Address: At a designated place of Party A in Guangxi
..

 

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Article VII: After-sales
Services and Warranty Period

 

1. Party B shall provide
after-sales service to Party A in accordance with the relevant laws and regulations of the Country, “Three-Guarantees”
provisions and requirements in the tender/bid documents and the Service Commitments attached to the Contract.

 

2. Commencement and
ending date of the warranty period: one year free maintenance of the system (commencing from the date of delivery and successful
acceptance of the system); warranty period of one year for hardware (sub-item requirements, if any, will prevail) .

 

3. Other specific agreed
matters like service commitments, after-sales service, responsibilities in warranty period and so forth provided by Party B. (Refer
to schedule to the Contract)

 

Article VIII: Payment
Term and Guarantee Deposit

 

1. Fund nature: fiscal
fund.

 

2. Payment
term: Party A shall pay 40% of the total contract amount after the signature of the Contract; Party A shall pay 60% of the total
contract amount (without interest) after the completion of the system development and acceptance of the system.

 

Article
IX: Quality Guarantee Deposit

 

The amount of the
quality guarantee deposit is 5% of the total contract amount. Party B shall transfer the quality guarantee deposit to the bank
account of Party A before the first payment of Party A. Otherwise, Party A would not sign the Contract. After the completion of
the system development and successful acceptance of the system, Party A would return the quality guarantee deposit back to Party
A in full (without interest) within 10 days after the maturity of one year commencing from the acceptance date of the system if
the system does not have any quality defects and Party B has fulfilled the after-sales service obligations according to its commitments.

 

Relevant bank account of party a for  quality guarantee deposit:

 

Account name:Department
of Commerce of Guangxi Zhuang Autonomous Region

 

Bank name:Bank
of China Guangxi branch business department

 

Account no.:6197 5748
4328

 

Article X: Taxes
and Dues

 

All taxes and fees in
connection with the performance of the Contract shall be borne by Party B.

 

Article XI: Quality
Assurance and After-sales Services

 

1. Party B shall provide Party
A with brand new products and services that have not been used in accordance with the service and software performance, technical
requirements and quality standards specified in the tender documents. In case of failure in reaching such requirements, both parties
shall negotiate with each other according to the actual situations and handle according to below methods:

 

(1) Replace: Party B
shall bear all expenses incurred;

 

(2) Handle at depreciated
value: both parties shall negotiate to determine the price.

 

(3) Reject the goods: Party B
shall refund the contract price paid by Party A and bear all direct expenses in connection with the goods (transportation expenses,
insurance expense, inspection expenses, interest of payment for goods, banking service charges and so forth).

 

    3

     

    

 

2. In the event of any
quality problem discovered in the using process, Party B shall arrive at the site of Party A to resolve the issue within 24
hours upon receiving notice from Party A.

 

3. In the warranty period,
Party B shall be responsible for handling all quality and safety issues of the goods, and undertake all relevant expenses.

 

4. The free warranty
period for the above software is 1  year. Faults incurred due to human factors are not within the scope of free warranty
services. Lifetime maintenance is applicable to the goods.

 

Article XII: Commissioning
and Acceptance Check

 

1. Party A shall arrange
preliminary acceptance check at the site for the services and software supplied by Party B according to the technical specifications
on the tender documents and the relevant national quality standards. If the appearance and specifications meet the technical requirements
in the tender documents, Party A shall sign for the receipt of the services and software. Otherwise, Party A will reject the services
and software. After the arrival of the goods, Party A shall conduct the acceptance check within seven working days after the arrival
of the goods (completion of the installation and commissioning).

 

2. Before delivery,
Party B shall conduct a comprehensive inspection for the products, and sort the acceptance documents and make a list for deliverables,
which would be taken as the basis for the acceptance check and technical conditions for the use of Party A. The inspection results
should be submitted to Party A along with the software.

 

3. When Party A performs
commissioning for the services and software supplied by Party B before using, Party B shall take charge of installing the software
and training operation personnel of Party A. Moreover, Party B shall assist Party A in the commissioning process. Party A would
only initiate the final acceptance check after the services and software have conformed to the technical requirements.

 

4. For goods with complicated
technology, Party A shall engage a professional test agency recognized by the Country to participate in the preliminary acceptance
check and final acceptance check. The test agency shall issue quality test reports.

 

5. At the time of acceptance
check, Party B shall present at the site. Acceptance check result report should be prepared upon the completion of the acceptance
check. Party B shall be responsible for the acceptance check expenses.

 

Article XIII:
Packaging, Dispatching and Transportation

 

1. Party B shall, before
shipment of the software, pack the software with the package that could meet requirements about the transportation, moisture resistance,
shock resistance, rust prevention and damage prevention in loading and unloading and so forth to ensure the software could be delivered
to the designated place of Party A in an intact and safe manner.

 

2. Party B shall deliver the user
manual, quality certificate, accompanied parts and tools and packing list together with the goods.

 

3. Party B shall, within 24 hours
after the completion of the dispatching formalities of the goods or 48 hours before the software arrive at the place of Party A,
inform Party A to ensure that Party A could be ready to receive the goods.

 

4. Party B shall be liable for
all risks about the software before it is delivered to Party A.

 

5. Party B shall send
the software to the designated place of Party A within the specified delivery date should be deemed as delivery of the software.
At the same time, Party B shall inform the arrival of the goods to Party A.

 

    4

     

    

 

Article XIV: Liabilities
for Breach of Contract

 

1. In case the functions,
technical standard, materials and so forth of the services and software supplied by Party B fail to meet the quality requirements,
Party B shall replace them in time. Failure in replacement would be punished as overdue delivery. In the event that Party B reject
the services and software due to quality defects or Party A agrees to accept them with defects due to demands under special situations,
Party B shall pay liquidated damage at the amount of 5% of the payment for goods in default and compensate the economic loss of
Party A.

 

2. In case of any
disputes or litigation arising from infringement of any services and software provided by Party B against the legal rights of any
third party, Party B shall take charge of settling the dispute or defending the litigation and bear all liabilities incurred.

 

3. Damage of the software
caused by package and transportation would be handled as non-conformance of the software.

 

4. In the event that
Party A delays the receiving of the software without any reasons or Party B delays the delivery of the software, the breaching
party shall pay liquidated damage at the amount equivalent with 3‰ of the payment for goods in default for each day delayed.
However, the accumulative amount of the liquidated damage should be no more than 5% of the payment for goods in default. In case
the delay is more than 10 days, the non-breaching party has the right to terminate the Contract, and the breaching party shall
be liable for all economic loss suffered by the nonconforming part. In the event that Party A delays the payment for the goods,
Party A shall pay liquidated damage at the amount equivalent with 3‰ of the amount of the delayed payment for each day delayed.
However, the total amount of the liquidated damage should be no more than 5% of the amount of the delayed payment.

 

5. If Party B fails
to provide after-sales services according to the service commitments stipulated in the Contract and the tender documents, Party
B shall pay liquidated damage at the amount equivalent with 2% of the total contract amount.

 

6. In the warranty period
of the services and software provided by Party B, Party B shall be responsible for solving relevant problems arising from defects
in the design, development, technologies or material or any other quality reasons of the services and software, and the corresponding
expense would be directly deducted from the quality guarantee deposit. In case the quality guarantee deposit is insufficient for
the deduction, Party B shall pay the balance.

 

7. In case of any other
breaching behaviors, the breaching party shall pay the liquidated damage at the amount equivalent with 5% of the amount the payment
in default, and compensate the economic loss of the non-breaching party.

 

Article XV: Handling
of Force Majeure Events

 

1. In the term of the
Contract, the performance period could be postponed if either party fails to perform the Contract due to the occurrence of any
force majeure event. The period postponed should be same with the influencing period of the force majeure event.

 

    5

     

    

 

2. After the occurrence
of such event, the affecting party shall inform the other party immediately, and send certificate issued by relevant authorities.

 

3. If the force majeure
event continues for more than 120 days, both parties shall make decision about whether to continue performing the Contract through
friendly negotiation.

 

Article XVI: Dispute
Settlement

 

1. In case of any dispute
over the software quality, both parties shall invite a quality test agency recognized by the Country to appraise the quality of
the goods. Party A shall bear the appraisal expense if the software conforms to the standard, and Party B shall bear the appraisal
expense if the software fails to conform to the standard.

 

2. Any disputes arising
from or in connection with the Contract shall be first settled by both parties through friendly negotiation. In case negotiation
fails, either party could submit the dispute to an arbitration commission or People’s Court for arbitration or judgment.

 

3. In the period of
litigation, both parties shall continue performing the Contract.

 

Article XVII:
Litigation

 

All disputes arising
from the performance of the Contract shall be settled through friendly negotiation. In case negotiation fails, either party could
submit the dispute to an arbitration commission or People’s Court for arbitration or judgment.

 

Article XVIII:
Effectiveness of the Contract and Miscellaneous

 

1. The Contract shall
become effective after the signature of the legal representatives or authorized representatives and official seals of both parties.

 

2. In the performance
process of the Contract, all amendments or supplements involving with the procurement fund or procurement contents should be submitted
to the finance authority for examination and approval. Moreover, both parties shall sign a supplementary agreement in written and
submit it to finance authority for filing. After such filing, the supplementary agreement signed by both parties would become an
integral part of the Contract.

 

3. Any unmentioned affairs
of the Contract should be implemented according relevant clauses in the Contract Law.

 

Article XIX: Change,
Termination and Transfer of the Contract

 

1. Unless otherwise
regulated in Article L of the Procurement Law of the People’s Republic of China, after the signature of the Contract, neither
party shall change, termination or cancel the Contract without the consent of the other party.

 

2. Party B shall not
transfer any obligations under the Contract to any other parties without the consent of Party A (excluding the circumstance that
the supplier without import qualification commissions an import agency to import goods).

 

3. The Contract shall
become effective after the signature of the legal representatives or authorized representatives and official seals of both parties.

 

4. In the performance
process of the Contract, all amendments or supplements involving with the procurement fund or procurement contents should be submitted
to the finance authority for examination and approval. Moreover, both parties shall sign a supplementary agreement in written and
submit it to finance authority for filing. After such filing, the supplementary agreement signed by both parties would become an
integral part of the Contract.

 

5. Any unmentioned affairs
of the Contract should be implemented according relevant clauses in the Contract Law.

 

    6

     

    

 

Article XX: Basis
for the Signature of the Contract

 

1. Government Procurement
Tender Documents;

 

2. Procurement Bid (or
Response) Document submitted by Party B;

 

3. Letter of commitments
in bid;

 

4. Letter of Acceptance
or Transaction conclusion notice.

 

Article XXI: This
contract shall be made in six copies, all of which shall have the same legal force. Each finance authority (supervision department
for government procurement) and each procurement agent agency. Party A and Party B shall preserve one copy of the Contract (the
quantity of copies of the Contract could be increased according to demands).

 

The Contract shall be
effective upon the signatures or seals of both parties. The purchaser or the procurement agency shall submit a copy of the Contract
to the finance authority at the same level for filing within seven working days upon the signature of the Contract.

 

	
        Party A (Seal): Department of Commerce
        of Guangxi Zhuang Autonomous Region

         

        Date:
	 	
        Party B (Seal): Zhuhai PowerBridge Technology
        Co., Ltd 

         

        Date:
	 	
        Party B (Seal): Beijing Xinchengtong Digital
        Technology Co., Ltd.

         

        Date:

         

	Company Address:	 	Company Address:	 	Company Address:
	Legal
Representative:	 	Legal Representative:	 	Legal Representative:
	Authorized Representative:	 	Authorized Representative	 	Authorized Representative
	Telephone:	 	Telephone:	 	Telephone:
	E-mail:	 	E-mail:	 	E-mail:
	Bank Name:	 	Bank Name:	 	Bank Name:
	Account No.	 	Account No.	 	Account No.
	Zip Code:	 	Zip Code:	 	Zip Code:
	
        Operated By:

         

        Date

 

		 		 	

 

    7

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