Document:

Exhibit 10.5(b)

 

Maximum Amount Guaranty Contract

 

Contract No.: BZ161214000050

 

Guarantor: Icon Energy System Company Limited

Address: Block A, 4/F, Jinmeiwei Industrial
Park, Guanlan Hi-tech Industrial Park,

Shangkeng Community, Guanlan Town, Baoan District,
Shenzhen

 

Creditor: Bank of Jiangsu, Shenzhen Sub-branch.

Address: 4011, Shennan Road, Futian District,
Shenzhen.

 

In order to warranty the performance of debts
under item one of this contract, the guarantor provides the warranty to the creditor voluntarily, and the two parties entered into
this contract after equal negotiation.

 

Article 1: Master contract

 

The master contract hereunder is    A     .

 

A. The creditor and the debtor Springpower
Technology (Shenzhen) Company Limited entered into this contract of maximum amount comprehensive credit line whose
number is SX 161214000369, and has or will enter into the separate facility business contract, as well as amendments
and supplements.

 

B. The creditor and the debtor      ,
from     year   month   day    to    year month   day
, entered into the contracts of loans, bank acceptance drafts, trade financing, letter of guarantee, funds business, and other
agreement, as well as amendments and supplements.

 

Article 2: Primary credit and period

 

Except the period determined or agreed separately
in accordance with the laws, the actual credit under the master contract consists of the primary credit of the contract in the
below period:      A     .

 

A. From the effective date of “maximum
amount comprehensive credit line contract” in article one to the expiration date of facility period stipulated in this contract
and amendments or supplements.

 

B. From ___ year __ month ___ day __ to __
year __ month __ day under article one of this contract.

 

    	 

    	 

    

 

Article 3: Guarantee Coverage

 

The scope of guaranty of creditor hereunder
covers all debts occurred under this contract by the debtor, including but not limited to principals, interest expenses, compounded
interests, penalties, processing fees, default expenses, damage compensation, legal fees, escrow fees, taxation expenses, arbitration
fees, travel fees, assessment fees, auction fees, property preservation fees, compulsory execution fees and other expenses for
realization of the creditor’s right.

 

Article 4: Maximum amount of the guaranty

 

The maximum amount which the guarantee assumed
hereunder is at most no more than RMB 10 million only. The maximum amount of guaranty hereon is loan principal balance
by total amount (means line of credit deducting the part of cash deposit) of use of loans and facility actually under the master
contract signed between creditor and debtor and in the period as mentioned in the contract deducting the part of repayment, excluding
the proceeds of payable except the principals stipulated in article 3, such as interest expenses and penalties, etc., but the guarantee
shall still assume the joint liquidated liability.

   

The guarantor agrees that the debtor can recycle
the loans under master contract, and agrees that the debtor can adjust the credit line of all kinds of loans within the line of
credit hereunder, and the guarantor shall assume the joint guarantee liability.

 

Article 5: The guarantor has read the
contract comprehensively and carefully and fully understands the master contract entered into between creditor and debtor, upon
the request of guarantor, the creditor has made the terms interpretation accordingly as for the master contract and the contract
hereunder, and the guarantor are fully aware of and understands the whole terms content of master contract and the contract hereunder,
and signed this contract with true willing. The guarantor is fully aware of the legal consequence for the conclusion and performance
of the master contract and the contract hereunder may give rise to, and fully confirms the obligations related to this contract.

 

Article 6: The guarantor shall assume
the responsibilities for all debts owed by the debtor to the creditor under the master contract, including the debts arising from
the prepayment requested by the creditor. After received the written notice sent by creditor, the guarantor shall perform the settlement
responsibilities according to the time, kinds of currency, amount, and method of settlement specified by the creditor, and commit
to the creditor that the creditor has the right to deduct all amount of guaranty from the guarantor’s account when the creditor
deems appropriate, if the deducted proceeds is foreign currency, the currency shall be calculated according to the bid price published
by the creditor at the deducted date.

 

    	 

    	 

    

 

Article 7: The guarantee obligation
of the guarantor (including the inheritor, assignee, and conservator of the guarantor) need continuity under this contract, shall
not affected by the change of the guarantor or the debtor (including but not limited to merger, split, recombination, conduct
title transaction or transactions of managerial authority by way of lease, contract, and so on). If the debtor’s subject
qualification ceases to exist before clear off the loans hereunder, or the debtor declares that its subject qualification cease
within six month from the date clear off all of loans leading to its foregoing repayment activity invalid, the guarantor’s
warranty obligations is still effective.

 

Article 8: The term of the guaranty
hereunder is from the date of effective to two years after expiration of the debts hereunder (including the maturity of extension
period).

 

Article 9: The guaranty obligations
under this contract shall not subject to be affected by any change for the terms and conditions of master contract agreed by both
creditor and debtor (including but not limited to amendments, supplements, and cancellations). If the creditor and debtor agree
to extension or delay the performance of the obligations hereunder, the contract hereunder shall continue to be valid.

In the event of the creditor transfers its
credit right to others in the period of guaranty according to the law, the guarantor continues to assume the guaranty responsibility
within the scope of the guaranty.

 

Article 10: The guarantor makes the
following commitment to the creditor unconditionally and irrevocably: if the debtor fails to or delays to fulfill the obligations
of master contract, or confirm the invalidity of the master contract in certain reason, or due to the guarantor fails to or delays
to perform any clause hereunder leading to a loss to the creditor, all of above shall be a debt payable for the guarantor to the
creditor.

 

Article 11: Whatever reasons leading
to the master contract invalid in law or part of terms invalid, the guarantor shall still assume the guaranty responsibility for
the debtor’s repayment liability in accordance with the terms listed hereunder. The guarantor pledge to monitor the debtor
to use the loans (facility), in the event of the debtor change the purpose of the loan, the guarantor shall still assume the guaranty
responsibilities.

 

Any tolerance, grace or postpone the exercise
of any right preferential by the creditor to the guarantor under this contract, shall not affect, damage, or restrict the creditor’s
all rights in accordance with the contract hereunder, laws and regulations, and normative documents, shall not deem as give up
the rights and benefit under this contract, and shall not affect any obligations assumed by the guarantor under this contract.

 

    	 

    	 

    

 

Article 12: If there is any collateral
security except this guarantee under this contract, the guarantor is willing to perform the joint guaranty responsibility prior
to collateral security on all guaranty debts.

   

Article 13: The guarantor is an entity
established in accordance with the laws, is qualified to identify the contract hereunder and perform joint guaranty responsibility.
In addition, signing this contract has obtained empowerment thereof, and the process of performing the contract has been completed.

 

Article 14: The guarantor to sign and
perform this contract is its real intension, is true and effective and legal, shall not affected by any relationship of any party
hereunder and others or other any events.

 

Article 15: The debts hereunder has
the equal position with guarantor’s other debts, shall be in the same compensation sequence.

 

Article 16: If the guarantor enters
into the counter guarantee contract with the debtor upon this contract, this counter guarantee contract shall not damage the creditor’s
any interests, and when the guarantor’s compensation arising from the counter guarantee contract and the creditor’s
claim are in the same sequence, the creditor shall be compensated prior to the guarantor.

The guarantor shall not request the debtor
to set up a counter guarantee by way of property pledge as to the obligations assumed by the debtor hereunder.

 

Article 17: The guarantor’s responsibility
shall decrease gradually with the decrease of the debts hereunder.

 

Article 18: The guarantor shall provide
the true, complete, valid financial statement and other relevant materials and information as required by the creditor.

 

Article 19: In the event of guarantor
change residence, mailing address, telephone number, the scope of business, and the legal representative, shall notice the creditor
in written within 10 days from the date of change events occurred.

 

Article 10: If notary organ grant enforceable
potency to this contract, guarantor agrees to be enforced and gives up the right of defense.

 

Article 21: The application of laws and
resolution of dispute

 

The signing, effectiveness, interpretation,
performance and settlement of disputes of this contract shall apply for the People's Republic of China's laws. If there are any
disputes based on this agreement, the contracting parties could attempt to resolve them through consultation. If negotiation fails,
shall resolve the disputes according to the following way of     A    :

 

    	 

    	 

    

 

A. Institute legal proceeding to the court
where the creditor located.

 

B.

 

Article 22: This contract and any modifications
and supplement of it enter into force upon the date when it is signed or sealed and affixed with official seals by the legal representative
or entrusted agents of both parties.

 

Article 23: Other items appointed by both
parties.

 

The things which are not mentioned in this
contract should be explained and settled according to relevant laws, administrative laws and regulations, normative documents and
the related regulations of Bank of Jiangsu.

 

Article 24: This agreement is in triplicate,
Party A has one copy, Party B has two copies, three copies have the same legal effect.

   

Guarantor (stamp): /s/ [COMPANY SEAL]

Legal representative or agent:

 

Creditor (stamp): /s/ [COMPANY SEAL]

Legal Representative or agent:Exhibit 10.6

 

SHEN ZHEN BAO AN GUIYIN COUNTY BANK

 

Credit Line Contract

 

Contract No.: 70002020140231

 

    	 

    	 

    

 

Credit Line Contract

 

Contract No.: 70002020140231

Credit Receiver (Party A): Springpower
Technology (Shenzhen) Company Limited

 

Address: Workshop Building A, Shunchao
Industrial Zone, Renmin Road, Danhu Community, Guanlan Street, Bao’an District

 

Legal Representative (Principal): Pan
Dangyu

 

Tel.: 13510066248

 

Credit Grantor (Party B): SHEN ZHEN BAO
AN GUIYIN COUNTY BANK LONGHUA BRANCH

 

Address: 2/F, Shangyou Residence, ShangYouSong,
East Gongye Road, Longhua New Area

 

Legal Representative (Principal): Bai
Yiming

 

Tel.: 15013856373

 

Whereas Party A applies to Party B for
a credit line and Party B agrees to provide Party A with a credit line, IN WITNESS WHEREOF, in accordance with relevant laws, rules
and regulations, Party A and Party B make and enter into this Contract upon unanimity through consultation between both parties,
and both parties shall commonly abide by and execute this Contract.

 

Article 1 Credit Variety

 

Party B shall provide Party A with a
credit product Banker's Acceptance Bill Credit Line.

 

Article 2 Credit Line

 

The credit line that Party B provides
Party A shall be RMB (amount in words) Twenty-Nine Million Yuan Only.

 

The term “credit line” referred
to in this Contract means the limit of the principal balance of RMB credit product that Party B provides Party A during the valid
period of the credit line specified herein. During the valid period of the credit line, Party A may recycle the credit line. As
long as the unpaid principal balance of the credit product under this Contract does not exceed the credit line, Party A may continuously
apply for use of the credit line no matter how many times of application and how much is the amount applied each time. However,
the sum of the amount of the credit product applied by Party A and the unpaid principal balance of the credit product under this
Contract shall not exceed the credit line.

 

Article 3 Credit Period

 

The credit period shall be from November
19, 2014 to November 18, 2015.

 

When the credit period expires, the credit
line which has not used shall become invalid automatically.

 

    	 

    	 

    

 

Banker’s Acceptance Bill Credit
Period means the period for issuing a draft (in other words, the time limit for issuing a draft shall not exceed the credit period,
but the valid period of related guarantee must cover the entire duration of the draft). The credit period of other credit businesses
refers to the maturity period (in other words, the date of maturity of the business shall not exceed the credit period).

 

Article 4 Use of Credit

 

1. During the valid credit period and
within the credit line, Party A may apply for use of the credit product hereunder trade by trade according to Party A’s needs.
Both parties shall make and enter into a relevant contract and go through relevant formalities.

 

2. Preconditions for Use of Credit

 

As long as the following preconditions
have been satisfied, Party B shall have the obligation to provide Party A with the credit product hereunder, except otherwise wholly
or partly waived by Party B:

 

(1) Both parties have completed relevant
legal procedures in connection with the execution of this Contract, including approval, registration, delivery and others in accordance
with relevant laws and regulations;

 

(2) A guarantee contract in compliance
with Party B’s requirements has become effective and shall remain in force;

 

(3) There is no breach under this Contract;
and

 

(4) Other preconditions agreed by both
parties:

 

1.                 /                  ;

 

2.                  /                  ;

 

3.                                                     /                                                    .

 

Article 5 Credit Guarantee

 

The following (1) shall be adopted
as the guarantee method:

 

(1) Guarantee. Shenzhen Highpower
Technology Co., Ltd. Pan Dangyu shall provide guarantee as the guarantor under this Contract and a Guarantee Contract
shall be concluded and signed separately.

 

(2) Mortgage. The property provided by
                  /                 shall be taken as the mortgage guarantee and a Mortgage Contract shall be concluded and signed separately.

 

(3) Pledge. The property provided by
                  /                   shall be taken as the pledge guarantee and a Pledge Contract shall be concluded and signed separately.

 

(4) Others:                   /                                                    

 

Article 6 Rights and Obligations of Party
A

 

1. Party A shall have the right to request
Party B to keep confidential the relevant financial materials and business secrets about production and operation provided by Party
A, except otherwise prescribed by laws, rules and regulations.

 

    	 

    	 

    

 

2. Party A must, according to the requirements
of Party B, provide the materials of its financial conditions and production and operation conditions. Party A shall ensure the
genuine, completeness and effectiveness of the materials provided by Party A.

 

3. Party A shall, according to the stipulations
of this Contract, repay Party B the principal and interest of the credit funds and pay Party B the relevant expenses on time and
in full. Party A shall make settlement and deposit service of capital transactions hereunder through the account opened by Party
A with Party B or a branch of Party B.

 

4. Party A shall actively coordinate
and consciously accept Party B’s inspection and supervision on its production, operation and financial activities and the
use conditions of the credit product under this Contract.

 

5. Party A shall use the credit line
for the purpose designated by both parties.

 

6. Party A and Party A’s investors
shall not escape its debts to Party B by means of drawing out capital or transferring assets, nor divestiture the bank’s
funds or credit by discounting or pledging in a bank the notes receivable and accounts receivable without actual trading background
by use of a false contract with affiliated parties.

 

7. During the valid period of this Contract,
if Party A provides security for others’ debts, which may affect its repayment capacity of debts, Party A shall offer a written
notice to Party B and obtain Party B’s consent in advance.

 

8. During the valid period of this Contract,
if Party A has any change which is enough to affect the realization of the creditor’s rights of Party B, such as contract
operation, custody (administration), lease, joint-stock reform, decrease of registered capital, investment, joint operation, consolidation,
merger, acquisition and restructuring, division, equity joint venture, equity transfer, substantial increase of debt financing,
(being filed or) filing for winding-up, filing for dissolution, being revoked, (being filed or) filing for bankruptcy, change of
controlling shareholder/actual controller or major asset transfer, Party A shall obtain Party B’s prior written consent and
implement repayment and guarantee of the debt hereunder according to Party B’s requirements. However, Party B’s written
consent shall not affect Party B’s right to take remedy measures specified in this Contract when Party B thinks the abovementioned
acts may endanger the creditor’s rights of Party B.

 

During the valid period of this Contract,
if Party A has any change which may have significant adverse impact on Party A’s performance of repayment obligation under
this Contract, such as production stoppage, operation suspension, being cancelled from registration, legal representative or main
principal’s engagement in illegal activities, involvement in material litigation activities, serious difficulty in production
and operation, or deterioration of financial conditions, decline of credit status, inability of the legal representative or the
principal to perform his/her duties normally, Party A shall give a prior notice to Party B in writing and implement repayment and
guarantee of the debt hereunder according to Party B’s requirements.

 

9. The expenses for attorney service,
insurance, evaluation, registration, custody, appraisal and notarization under this Contract and in connection with the guarantee
hereunder, and all the expenses of Party A for realization of creditor’s rights (including but not limited to legal cost,
arbitration fee, property preservation cost, business traveling expenses, execution fee and attorney fee) shall be borne by Party
A.

 

    	 

    	 

    

 

Article 7 Rights and Obligations of Party
B

 

1. Party B shall have the right to understand
Party A’s production, operation and financial activities and to request Party A to provide the materials of financial conditions
and production and operation conditions.

 

2. If Party A’s credit rating is
declined or has any one of the following significant issues, Party B shall have the right to adjust until cancel the credit line:

 

(1) major construction project with the
total investment in excess of the sum of three years’ after-tax profits prior to investment;

 

(2) major system reform, such as merger,
acquisition, division, bankruptcy, shareholding reform and asset reorganization;

 

(3) major lawsuit under which the litigation
object reaches over 30% (included) of the net assets;

 

(4) external guarantee with the external
guarantee amount reaches over 30% (included) of the net assets;

 

(5) significant personnel adjustment;

 

(6) major accident and other major events
involved a large amount of compensation;

 

(7) delay in repayment of loan, overdue
interest or other situations causing forced advance money paid by Party B.

 

3. Party B is entitled to deduct the
funds payable by Party A to Party B hereunder from any account opened by Party A with Party B’s system.

 

4. Party B shall provide Party A with
use of the credit product on time and in full according to the stipulations of this Contract, except otherwise delayed due to causes
attributable to Party A.

 

5. Party B shall keep confidential the
relevant financial materials and business secrets about production and operation provided by Party A, except otherwise prescribed
by laws, rules and regulations.

 

Article 8 Liability for Breach of Contract

 

1. Breach

 

(1) Party A’s breach:

 

1. Party A has any breach under this
Contract or has any violation of its legal obligations;

 

2. Party A expressly indicates or indicates
by act that Party A will not perform any obligation under this Contract;

 

3. Party A’s all or any other debts
have affected or may affect Party B to perform its obligations under this Contract.

 

(2) If Party A fails to provide new security
as required by Party B under any one of the following circumstances of the guarantor, Party A shall be deemed as having conducted
an event of default:

 

    	 

    	 

    

 

1. The guarantor violates any item specified
or presented and warranted in the guarantee contract, resulting in any existing falsehood, error or omission;

 

2. The guarantor has any change which
may affect the guarantor to assume guarantee liability, such as contract operation, custody (administration), lease, joint-stock
reform, decrease of registered capital, investment, joint operation, consolidation, merger, acquisition and restructuring, division,
equity joint venture, equity transfer, substantial increase of debt financing, (being filed or) filing for winding-up, filing for
dissolution, being revoked, (being filed or) filing for bankruptcy, change of controlling shareholder/actual controller, or major
asset transfer, production stoppage, operation suspension, huge penalty imposed by the authorized authority, being cancelled from
registration, revocation of business license, involvement in material legal disputes, serious difficulty in production and operation,
or deterioration of financial position, decline of credit status, inability of the legal representative or the principal to perform
his/her duties normally;

 

3. The guarantor loses or may lose its
guarantee capability.

 

(3) If Party A fails to provide new security
as required by Party B under any one of the following circumstances of the mortgagor, Party A shall be deemed as having conducted
an event of default:

 

1. The mortgagor fails to cover property
insurance for the mortgage according to Party B’s requirements, or in an insurance accident, the Mortgagor fails to deal
with insurance compensation pursuant to the mortgage contract;

 

2. In case of damage, loss or devaluation
of the mortgage due to a third party's behavior, the mortgagor fails to deal with damages pursuant to the mortgage contract;

 

3. Without Party B’s written consent,
the mortgagor transfers, leases, repeats mortgage or disposes the mortgage by other means;

 

4. The mortgagor disposes the mortgage
upon Party B’s consent but fails to deal with the incomes from disposal of the mortgage pursuant to the mortgage contract;

 

5. In case of damage, loss or devaluation
of the mortgage, affecting repayment of the debts under this Contract, the mortgager fails to timely recover the mortgage’s
value or fails to provide other security accepted by Party B; or

 

6. Other breach circumstances of the
Mortgagor prescribed in the mortgage contract.

 

(4) If Party A fails to provide new security
as required by Party B under any one of the following circumstances of the pledgor, Party A shall be deemed as having conducted
an event of default:

 

1. The pledgor fails to cover property
insurance for the pledge according to Party B’s requirements, or in an insurance accident, the pledgor fails to deal with
insurance compensation pursuant to the pledge contract;

 

2. The pledgor disposes the pledged property
upon Party B’s consent but fails to deal with the incomes from disposal of the pledged property pursuant to the pledge contract;

 

3. In case of devaluation of the pledged
property, affecting repayment of the debts under this Contract, the pledgor fails to timely recover the value of the pledged property
or fails to provide other guarantee accepted by Party B;

 

    	 

    	 

    

 

4. Other breach circumstances of the
pledgor prescribed in the pledge contract.

 

(5) In case of ineffectiveness, invalidity
or cancellation of the security contract or other security method, or the Guarantor’s loss of security capacity partly or
wholly, or the Guarantor’s refusal to perform the obligation for security, Party A shall be deemed as having conducted an
event of default if Party A fails to implement new guarantee according to Party B’s requirements.

 

2. Remedy measures for breach

 

Under any one of the aforesaid events
of default, Party B shall be entitled to exercise one or several of the following rights:

 

(1) to adjust, cancel or terminate the
credit line, or to adjust the valid period of the credit line;

 

(2) to stop Party A’s use of the
credit product under this Contract; to announce immediate maturity of the credit; to request Party A to immediately repay the loan
principal, interest and other expenses under this Contract.

 

(3) to charge 0.5‰ of the
principal balance of the credit product under this Contract from Party A as penalty.

 

(4) if Party A fails to use the credit
for the purpose specified in this Contract, to calculate and charge default interest for the part diverted by Party A according
to relevant stipulations of the People’s Bank of China;

 

(5) to deduct the funds payable by Party
A to Party B hereunder from any account opened by Party A with Party B’s system.

 

(6) to exercise the right of guarantee.

 

(7) to ask Party A to re-provide the
guarantee recognized by Party B.

 

(8) to cancel this Contract.

 

Article 9 Change of Contract

 

The party which needs to change the contents
of this Contract after this Contract becomes effective shall notify the other party timely. Upon unanimity through consultation
between both parties, a written agreement shall be concluded and signed, unless otherwise specified in this Contract or agreed
by both parties out of this Contract.

 

Article 10 Other Provisions

 

1. Affiliated party

 

If Party A is a group client, Party A
shall timely, comprehensively and accurately notify Party B of Party A’s affiliated party relationship and affiliated transactions.
If Party A does not perform the aforesaid obligation of information disclosure, or the borrower or its affiliated party has any
one of the following situations, which may adversely affect Party A’s performance of its obligations under this Contract,
Party B shall have the right to take remedy measures specified in this Contract and prescribed by law:

 

(1) The financial conditions of Party
A’s affiliated party are worse;

 

    	 

    	 

    

 

(2) Party A or its affiliated party is
investigated and prosecuted or punished by law by an administrative organ for law enforcement and an executive authority, such
as a judicial organization, tax authority or industrial and commercial bureau;

 

(3) the relationship of control or being
controlled between Party A and its affiliated party changes;

 

(4) Party A’s affiliated party
is involved in or may be involved in material economic dispute, litigation or arbitration;

 

(5) the main individual investor or key
managerial person of Party A changes abnormally or is suspected of being involved in criminal acts so that the judicial organization
carries out investigation by law or restricts the personal freedom;

 

(6) Other matters of Party A’s
affiliated party, which will cause adverse impact on Party A.

In accordance with the Accounting
Standards for Enterprises – Relationship between Affiliated Parties and Disclosure of Transactions among Them, the term
“affiliated party” referred to herein means:

 

(1) Other enterprises under direct or
indirect control of Party A, or other enterprises which directly or indirectly control Party A, and other enterprises under the
control of the same parent company of Party A;

 

(2) The joint ventures of Party A;

 

(3) The associated enterprises of Party
A;

 

(4) Party A’s main individual investors,
key managerial personnel or the close family members thereof;

 

(5) Other enterprises under direct control
of Party A’s main individual investors, key managerial personnel or the close family members thereof;

 

Other terms and expressions referred
to herein shall have the same meanings as defined in the Accounting Standards for Enterprises – Relationship between Affiliated
Parties and Disclosure of Transactions among Them.

 

2.                            /                  .

 

3.                            /                  .

 

4.                   /
                    

 

Article 11 Settlement of Contract Disputes

 

Any and all disputes during the execution
process of this Contract may be settled through consultation between both parties. Where consultation fails, a lawsuit may be commenced
in the people’s court at the location where Party B is located.

 

During the litigation period, the other
clauses of the Contract not in dispute shall remain valid.

 

    	 

    	 

    

 

Article 12 Effectiveness of Contract

 

This Contract shall come into force when
Party A and Party B’s legal representatives (principals) or authorized agents give their signatures (seals) herein and both
parties affix their official seals herein.

 

Article 13 Contract Text

 

This Contract has been made out in four
(4) originals for Party A and Party B each holding two (2), which shall be equally authentic.

 

During the valid credit period and within
the credit line, all the legal documents concerning the creditor and debtor relationship between Party A and Party B shall be deemed
as an integral part of this Contract.

 

Article 14 Declaration

 

1. Party A clearly understands the business
scope and limit of authorization of Party B.

 

2. Party A has read through all the terms
hereunder. At Party A’s request, Party B has explained the terms hereunder accordingly. Party A has full knowledge and thorough
understanding of the meaning of the terms hereunder and the legal consequences thereof.

 

3. Party A’s signature and performance
of obligations under this Contract comply with laws, administrative regulations, rules and Party A’s articles of association
or internal organization documents, and Party A has been approved by its internal competent organizations and / or relevant state
authorities.

 

4. Party A and its controlling shareholder
have good credit status but have no significant bad record.

 

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

 

	
        Party A (Official Seal):

         

        Springpower Technology (Shenzhen)

 Company
        Limited (Seal)

         

        Legal Representative: Pan Dangyu (Seal)

        (or Authorized Agent)

         

        Nov. 11, 2014 
	 	
        Party B (Official Seal):

         

        SHEN ZHEN BAO AN GUIYIN COUNTY

 BANK
        LONGHUA BRANCH (Seal) 

         

        Legal Representative: Bai Yiming (Seal)

        (or Authorized Agent)

         

        Nov. 11, 2014

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