Document:

Exhibit 10.2(b)

  

Maximum Amount Guaranty Contract

 

(Apply to lines of credit)

 

Reference: Xing Yin Shen Longgang credit (guarantee)
zi (2014) No. 0504

 

Creditor: Industrial Bank Co., Ltd. , Shenzhen
Longgang Branch

 

Address: parkland, longxiang road, longgang
town,shenzhen

 

Legal Representative / CEO: Jinkui Li

 

Contact: Jinlong Huang

 

Address:

	Postal Code:	Fax :
	Tel: 0755-33837817	Fax:

 

Guarantor: Shenzhen Highpower Technology Co.,
Ltd.

 

Address: Building A1, 68 Xinxia Street, Pinghu,
Longgang, Shenzhen, Guangdong, China

 

Legal Representative / CEO: Dangyu Pan

 

Contact:

 

Address: 

	Postal Code:	Fax :
	Tel: 0755-89686939	Fax:

 

Contract Location: Industrial Bank Building,
Industrial Bank Co., Ltd. Shenzhen Branch

 

    	 

    	 

    

 

Important notes:

 

For protecting your rights and interests, please
read, check and confirm following items carefully before signing:

 

1. You have the right to
sign this contract. Or you have been given sufficient authority legally.

 

2. You have read and understood
this contract carefully and sufficiently, and have paid attention on assuming, exempting or limiting responsibilities of Industrial
Bank Co., Ltd., and the content with bold font.

 

3. Your company and you
have understood the meaning of this contract and relevant legal consequence, and agree to accept these provisions.

 

4. The contract provided
by Industrial Bank Co., Ltd. is a model contract. There is space for modifying, supplement and deleting.

 

5. If you have further
questions to this contract, please consult Industrial Bank Co., Ltd.

 

The guarantor is voluntary
as a financier ("creditor") to provide security for the line of credit of the applicant Springpower Technology (Shenzhen)
Co., Ltd. (or "debtor"). In order to clarify the rights and duties, abide by credit, the contracting parties signed this
contract in accordance with relevant laws and regulations to comply with.

 

    	 

    	 

    

 

Article 1 definition and interpretation

 

In addition to agreed in writing by both parties,
then:

 

1. The master contract
(as defined below) agreed definitions and interpretations applicable to this contract.

 

2. The "claims"
or called the principal debt, means the debt approval and provided by the creditor, including loans, lending, trade finance (including
but not limited to issuing letters of credit, trust receipts, packing loans, export financing, export collection bills and import
bills, etc.), bankers' acceptances, discounted bills , bills buyback, guarantees (including the Independent guarantees, see demand
guarantees and standby letters of credit, etc.) and other financing business (including principal, interest, penalty interest,
compound interest, liquidated damages, damages, cost of achieving the claim).

 

Under this contract, the
claim of the financier and the debt of the applicant mean the same content.

 

3. The "principal"
refers to the principal debt made by the business transacted by the financier, including but not limited to the principal loans,
trade finance capital, bankers' acceptances fare, bill discounting, money advanced for credit of letter, the principal part of
guaranteed by the creditor for the debtor.

 

    	 

    	 

    

 

4. The "guaranteed maximum principal"
means the amount agreed by both parties in order to clarify the scope of the claims guaranteed by the covenant. Regardless of times
and sum of the debt, the guarantor takes joint liability for all debt under the guaranteed maximum principal.

 

5. The "validity of
guarantee" refers to a continuous uninterrupted period agreed by both parties in order to clarify the scope of the claims
by the covenant. The debt happened during the period, whether the settlement deadline is over that period or not, the guarantor
takes joint liability for all debt under the guaranteed maximum principal.

 

6. "The cost of the
claim for the creditor" refers to the necessary fees of achieving the credit, including take litigation, arbitration and other
ways to pay litigation (arbitration) fees, legal fees, travel expenses, execution fees, security fees, and other expenses.

 

7. "Master Contract"
means credit contract (that is, "General Agreement") and all sub-contract signed by the financier and the applicant.

 

"Sub-contract" means based on the
basic or special contract, the contract signed by both parties after getting approval of the creditor, include the content of each
sum, the due date and other rights and obligations. The sub-contract is an integral part of the basic or special contract, with
the same legal effect. The forms of contract can be different according to business needs, as the application of L/C, bills or
other manner considered fit by the creditor. If the master contract and sub-contract has different part, the sub-contract will
be effective.

 

    	 

    	 

    

 

8. This "working day"
refers to the bank business day, If a withdrawal or repayment date is not a Business Day, delay to the next business day.

 

Article 2 the main credit contract of guarantee

 

The master contract of
guarantee is Basic Credit Line Contract (No. XingYin ShenLonggang credit zi (2014) No. 0504), and its sub-contracts. The
sum of credit is RMB forty million only, credit period is from Oct 23th 2014 to Oct 23th 2015.

 

The guarantor will be borne
joint liability for all debts under the master contract.

 

Article 3 Maximum guarantee principal

 

1. Under this contract,
maximum guarantee principal is RMB (in word) FORTY MILLION YUAN ONLY.

 

2. Under the maximum guarantee
principal, the guarantor is borne joint liability for all debt balance (including principal, interest, penalty, compound interest,
liquidated damages, damages, realization of claims).

 

Article 4 validity of guarantee

 

1. Valid period is from
Oct 23th 2014 to Oct 23th 2015.

 

    	 

    	 

    

 

2. The loan under the contract
can be used only when during the period of validity, but the guarantor is borne joint liability for each debt whether the debt
is in or over the validity of the guarantee contract.

 

Article 5 guarantee responsibility

 

1. The guarantor is borne
joint liability under this contract. For whatever reason, if the applicant fails to fulfill due debts under the master contract
(including but not limited to early recovery of debts because of the default of the applicant or the guarantor's request), the
guarantor shall perform the repayment obligation on behalf of the debtor.

 

2. If there are several
guarantors under this contract, all guarantors shall jointly bear joint responsibility.

 

3. Main debts expire, the
debtor fails to repay the debt and interest, the guarantor shall perform the repayment obligation.

 

4. Furthering the period
of the main debt, if the creditor recovers the debt in advance according to the master contract, the guarantor shall bear joint
responsibility for this and other debts under the guarantee contract.

 

Article 6 scope of guarantee

 

1. The financial claims
under this contract ("the secured claims") refers to all debts provided by the creditor to the debtor, including but
not limited to the principal debt, interest (including default interest, compound interest), breach of contract , damages , expenses
of claims.

 

    	 

    	 

    

 

2. On the due date, if
the applicant refused to repay the loan, which lead to the debt rights also in the range of the guarantee.

 

3. The principal , interest and other costs,
the time of performance, usage, rights and obligations of the parties as well as any other relevant matters under the contract
shall prevail by relevant agreements, contracts, application, notice , various certificates and other records, all kinds of certificates
and other relevant legal documents issued or signed without guarantor’s confirmation.

 

4. In order to avoid ambiguity,
all fees of prepare, improve, perform or enforce the contract (including, but not limited to attorney’s fees, litigation
or arbitration costs etc.) constitute a part of the secured debt.

 

Article 7 warranty period

 

The warranty period under
the contract:

 

1. The warranty period
under the contract is calculated according to each financing applied by the applicant. For each financing, the warranty period
is ended after two years of the expiration.

 

2. If there are several
financings in one master contract, the warranty period of each financing is ended after two years of the expiration.

 

    	 

    	 

    

 

3. If the principal debt is repayable in installments,
there are several financings in one master contract, each warranty period is calculated in installments, and the guarantor shall
bear responsibility for two years from the date of expiry.

 

4. If any extension agreement
is signed by financier and debtor without agreed by the guarantor, the guarantor will still bear responsibility for all financing
under the contract within two years from the date of extension expiry.

 

5. If the financier decides
to recover the debts in advance, the warranty period is two years since the date of expiry noticed by the financier.

 

6. The warranty period
of bankers' acceptances, letters of credit and letters of guarantee is two years from the date of advance payments. If advance
for several times, warranty period is calculated from each advance payment.

 

7. The warranty period
of commercial bills is two years from the date of discount maturity.

 

Article 8 on demand

 

As long as financiers submitted
notification of debt collection to the guarantor with the contract number and the amount of debt, the guarantor shall immediately
perform the repayment and give up all reasons of defense.

 

    	 

    	 

    

 

Article 9 declaration and commitment of
guarantor 

 

The guarantor voluntarily
made the following statement and commitment, and liable for its truthfulness:

 

1. The guarantor is established
under the laws and a validly existing legal company, with full civil capacity. The guarantor follows the creditor's request to
provide relevant evidence, permits, certificates and other documents required by the creditor.

 

2. The guarantor has sufficient
capacity to fulfill all the obligations and responsibility under the contract, not because of any instruction, financial conditions
change, or any agreement with any party to reduce or waive their commitment to settle the obligation.

 

3. The guarantor has sufficient
power, authority and legal right to sign this contract, the guarantor has obtained and fulfilled all necessary approvals and authorizations
of its internal or other relevant procedures to make the contract execution and performance, and has achieved and fulfilled any
government department or other authority's approval, registration, authorization, consent, license or other relevant procedures
for this contract, and signed this contract with all the necessary approvals, registrations, consents, licenses , authorizations
and other related procedures remain fully valid.

 

    	 

    	 

    

 

4. The guarantor signed the contract in full
compliance with the relevant Articles of the guarantor, the internal decisions, shareholders and board resolution. The contract
does not conflict with any charter, internal decisions, shareholders resolutions, board resolution and the guarantor's policies.

 

5. The execution and performance
of this contract is based on the guarantor's true intention. Loan facility is compliance with legal and regulatory requirements,
execution and performance of this contract does not violate any binding law, regulation, ordinance or the contract. This contract
is valid and enforceable, as a result of the guarantor’s defects in the execution and performance of this contract to result
in the contract is invalid, the guarantor will immediately and unconditionally make compensation for all losses to the creditor.

 

6. Under this contract,
all the documents, financial statements and other information provided by the guarantor is true, complete, accurate and effective,
and continue to fulfill the creditor’s request of the financial indicators.

 

7. Such as a change in
ownership structure or key management personnel or other significant events and significant transactions, the guarantor shall require
the prior written consent of the financer.

 

    	 

    	 

    

 

8. If the guarantor fails to fulfill the contract
obligations, the guarantor hereby authorizes the creditor recover the funds from all branches accounts of the guarantor without
going through the judicial process.

 

9. When the guarantor has
fulfilled the guarantee responsibilities, the guarantor has the right to recover the money from the applicant without prejudice
the repayment in the future. However, if the applicant has the claim of the guarantor and the requirement of repayment from the
financier at the same time, the guarantor agreed the applicant to repay the debt of the financier first.

 

10. If the applicant and
the guarantor have or will sign a counter- guarantee contract in respect of the obligations under the contract, the counter-guarantee
contract shall not prejudice any rights of the financier in law or in fact under the contract.

 

11. Before pay off the
debts, regardless of any reason lead to reduce the guarantee ability of guarantor, the financier has the right to require the guarantor
to provide a new full and effective guarantee.

 

12. When he applicant fails
to fulfill obligations, regardless of the financier has other guarantee right of the debts, (including, but not limited to warranties,
mortgage, pledge, guarantees, standby letters of credit and any other form of guarantee), the guarantor shall bear full responsibility
to ensure the security and waive all defenses on law and property law.

 

    	 

    	 

    

 

13. There was no any litigation, arbitration
or administrative proceedings for the guarantor’s outstanding or known to occur on the guarantor, and there was no events
of liquidation or other similar proceedings whether it comes forward by the guarantor or by a third party.

 

14. If the creditor is
forced into disputes between the guarantor and any other party because of fulfilling the obligations under the contract, the guarantor
should pay litigation or arbitration costs, legal costs and other expenses.

 

15. During warranty period,
the guarantor undertakes not to transfer, conceal property, or give up, passive exercise claims in any way.

 

Article 10 Obligations of disclosing important
transactions and events

 

1.Guarantor should inform
financer of significant transactions and events of guarantor in written timely.

 

2. During valid period of this contract, stock
transfer, reorganization, merger, discrete, shareholding reform, joint venture, cooperation, joint operation, contract, lease,
business scope, change of registered capital, major asset transfer, contingent liability, or anything which may affect guarantor’s
ability of assuming responsibility should be notified to financer in writing 30 days in advance.

 

    	 

    	 

    

 

3. Termination of business, going out of business,
bankruptcy, dissolution, cancellation of business license, deterioration of financial situation or involving in major business
dispute, or anything may affect guarantor’s ability to assume responsibility should be noticed to financer in 7 days by written
since the date above things take place.

 

4. When guarantor involves
in major litigation or arbitration with any third party, or other significant thing which may affect guarantor’s ability
to assume responsibility, financer should be notified by written in 7 days since the date guarantor receives relevant notice.

 

5. The guarantor promises
that it will not use its legal dispute with third party to damage financer’s right.

 

Article 11 events of default and breach
of contract

 

1. Since this contract
comes into force, the financer and the guarantor shall perform the obligations as agreed in the contract, any one party fails to
perform or not completely fulfill the obligation of this contract, shall bear the corresponding liability for breach of contract.

 

2. One of the following
circumstances occurs, the financier has the right to require the guarantor immediately to fulfill the repayment obligations:

 

(1) Any information provided
by guarantor and the statements and commitments stated in Article 9 of this contract are false, inaccurate, incomplete and misunderstood.

 

    	 

    	 

    

 

(2) Deterioration of guarantor’s
credit status and obvious weakening of repayment ability (including contingent liability);

 

(3) the guarantor violates
of the foregoing provisions of Article 10, not disclose the significant transactions and events;

 

(4) Stopping doing business,
going out of business, being announced bankruptcy, dissolution, cancellation of business license, involving in major business dispute,
and deterioration of finance condition and so on;

 

(5) Other thing which may
damage financer’s right.

 

3. If the guarantor defaults,
financer has the right to take one or more following measures:

 

(1) require the guarantor
to remedy;

 

(2) require the guarantor
to provide a new full and effective guarantee;

 

(3) require the guarantor
to perform guarantee obligation in advance;

 

(4) require the guarantor
to repay all direct or indirect losses for breach of contract.

 

The guarantor shall make
the implementation of the above measures and waive all defenses.

 

Article 12 the independence of the guarantor’s
obligations

 

1. The guarantor's obligations
under this contract have independence with no effect of the relationship between any party and the third party, except there are
stipulates.

 

    	 

    	 

    

 

2. The guarantee contract
has independence, regardless of any conditions; the guarantee contract is effective even if the master contract is not effective.
If the master contract is confirmed as invalid, then the guarantor still bear the joint liability for the debtor’s debts.

 

3. If the applicant violates the master contract
(including but not limited to the applicant fails to use the loan under the sub-contract) , shall not affect the liability of guarantee,
the guarantor cannot require to reduce or waive the responsibility of guarantee.

 

4. The main creditor under
the contract expires or the guarantor fails to perform under this contract, the financier has the right to directly deduct the
funds from any account of the guarantor.

 

5. As under the master
contract , there are other guarantees ( including but not limited to guarantee , mortgage , pledge, standby and any other form
of security ) , the guarantor agrees that one can give up part of security interest or security interest subordinated ( including
the collateral is based on the collateral provided by the debtor) , financier and any mortgagor / pledgor (including the mortgagor
/ pledgor artificially is the debtor himself) can be varied by agreement and subordinated security interest, the amount of the
secured creditor and other content, even if financiers made the above act, the guarantor is still voluntary to bear all responsibility
of this contract.

 

    	 

    	 

    

 

6. The guarantor agrees and acknowledges: the
financer and the applicant agree to alter the master contract are deemed to have the prior consent of the guarantor, the guarantor
cannot reduce the responsibility because of this.

 

7. Before the maximum guarantee
claims determined, the financer has the right to transfer part or all guarantee rights without the prior consent of the guarantor.

 

Article 13 the continuity of obligation

 

1. All the guarantor's
obligations under this contract have continuity, for his heir apparent, agent, receiver, the assignee and the main company after
merger, reorganization, change the name is completely and equally binding.

 

2. The guarantor hereby
acknowledges, financiers can continuously and cyclically to provide financing to the applicant under the contract, the guarantor
has joint for liability of all claims, regardless of the times and sum of each financing.

 

3. The contract is a continuing
guarantee, the guarantor shall bear responsibility of guarantee until the debts is paid off.

 

4. All or part of the release
or discharge of the secured creditor based on any payments, guarantees or other disposition which have been declared invalid or
must be repaid, the guarantor’s responsibility will be remain in force.

 

    	 

    	 

    

 

Article 14 priority subrogation arrangements

 

The guarantor states that,
once the guarantor cannot assume security responsibility, and the guarantor itself has not sufficient property to be repaid, the
financier has priority right of any claims against third parties, accounts receivable and other property interests. The guarantor
will voluntarily relinquish the defenses against the financier under Article 28 of "security law".

 

Article 15 offsetting arrangements

 

The right of the financier
under the contract cannot offsetting by the guarantor’s or any other party’s right of offsetting.

 

Article 16 Applicable Law, Jurisdiction
and Dispute Resolution

 

1. Effective performance,
termination, interpretation and dispute settlement etc. of this contract is applicable for china laws.

 

2. For any dispute about this contract, guarantors
and creditors should resolve through friendly consultations; If friendly negotiation fails, the both parties agree to solve by
the following section (2) :

 

    	 

    	 

    

 

(2) To Shenzhen Arbitration Commission for arbitration, to resolve
the dispute by the rules of the Arbitration Commission, that the arbitration award is final and binding on both parties. The site
selection is in Shenzhen.

 

3. at the disputed period,
the part of not involved has still to be carried out.

 

Article 17 Files, Communications and Notifications

 

1. Any documents, communication
and notification under this contract shall be sent to the other party by the way of address, phone number or other contact methods
listed in the cover of this contract.

 

2. If any above contact
method of any party changed, one should notice the other party by any quick way immediately. If one does not notice, one should
be borne for the documents, communication and notification sent through old address, phone number or other contact methods listed
in the cover of this contract.

 

3. Any documents, communications
and notifications sent by the way of the above address, shall be deemed to arrive on the following dates:

 

(1) by post (including
speed post, ordinary letter, registered mail), it will be deemed to arrive on the day after five working day;

 

(2) by facsimile or other
electronic means of communication, it will be deemed to arrive on day;

 

    	 

    	 

    

 

(3) by personal delivery,
the date of recipient is deemed to be arriving date.

 

Notifications by the way
of website, online banking, telephone banking or business outlets announcement should be deemed to arrive on day. The creditor
does not need to borne any responsibility for any transmission errors, omissions, or delays of mail, fax, telephone or any other
communication system.

 

4. The two sides agreed
that the seal of the office seal, financial seal, contract seal, receive seal and credit seal is the effective seal for the documents,
communications and notifications. All staves of the debtor have right to receive files, communications and notifications.

 

Article 18 the contract effectiveness and
other matters

 

1. The contract shall take
effect from the date of signature or stamp of both parties..

 

2. Any modification and
supplement to this contract is effective, through the guarantor and financiers made mutual consent in writing by the legal representative
/ responsible person or his authorized representative signature and official seal.

 

3. After the effective
of this contract, the master contract signed by the financier and the applicant does not need to be confirmed by the guarantor.

 

    	 

    	 

    

 

4. During the effective
period of this contract, the creditor gives to the debtor and the guarantor any tolerance, forgiveness, or delay to use the rights
and interests, shall not damage, impact or limit the creditor to share the rights and interests in accordance with relevant laws
and regulations and this contract, or to be deemed giving up the rights and interests, also do not affect the guarantor to borne
any obligation under this contract.

 

5. The creditor shall have the right to authorize
or entrust other branch of industrial bank to perform rights and obligations under this contract (including but not limited to
authorized or entrusted bank branches of other related contracts, etc.) according to the debtor’s operation and management,
or the loan under this contract as other branch’s to undertake, without prior consent of the guarantor, and the guarantor
still bear the responsibility of guarantee.

 

6. The attachment is an
integral part of this contract, and the attachment of this contract is equally valid.

 

7. During the period of
the line of credit, if the series of contracts, agreements and other legal documents are not explicitly for the contract of guarantee,
that shall be deemed as a guarantee by the guarantee contract.

 

8. This contract is triplet,
the creditor holds two copies, the guarantor holds one copy, with equal legal effect.

 

    	 

    	 

    

 

Article 19 the notarization and voluntarily
to accept compulsory execution

 

1. The contract should
be in the provisions of the state notary office for notarization if any party request notarization.

 

2. The notarized contract
have the enforcement effect, if the debtor fails to perform the debt or the creditor shall realize creditor's rights according
to laws and regulations and this contract, the creditor shall have the right to directly apply the people's court with jurisdiction
for enforcement.

 

Article 20 supplement:

 

The creditor (official seal): /s/ [COMPANY
SEAL]

 

the legal representative (signature):

 

The guarantor (official seal): /s/ [COMPANY
SEAL]

 

the legal representative (signature):Exhibit 10.3

 

Comprehensive Credit Line Contract

 

Contract No.: pingyinshenxinzhouzongzi 20141020
No. 001

 

Party A (Line Grantor): PINGAN BANK CO., LTD.
SHENZHEN BRANCH 

 

Address: NO1099 shennan road, shenzhen

 

Legal Representative (Principal): Yao Guiping

 

Tel.: 23480048

 

Party B (Line Applicant): SHENZHEN HIGHPOWER
TECHNOLOGY CO., LTD.

 

Address: Building A2, Luoshan Industrial
Park, Pinghu Shanxia Villiage 

 

Legal Representative: Pan Dangyu

 

Tel.:89686236

 

Whereas Party B applies Party A for a comprehensive
credit line, in accordance with the Contract Law and other relevant laws and regulations, Party A and Party B hereby make
and enter into this Contract upon consensus through consultation.

 

    	 

    	 

    

 

Article 1 Credit Line and Category

 

	 	1.1	Amount of comprehensive credit line: Party A agrees to grant to Party B a comprehensive credit line of (Currency) RMB (in figures) 70,000,000.00 Yuan (in words) seventy million Yuan only. This line is applicable to multiple-currency credit. The exchange rate of currencies other than RMB shall be converted according to the foreign exchange rate published by Party A when the specific business occurs.

 

	1.2	The period of the comprehensive credit line follows the following (1):

 

	 	(1)	From Nov. 12, 2013 to Sep. 17, 2014.

 

	 	(2)	___ Year(s) ____ month(s),
    calculated from the date when the Contract comes into force.

 

During the credit period, the credit line
(√) can be recycled ( ) cannot be recycled, but the sum of the balances of all the credit categories within the credit line
shall not exceed the amount of the comprehensive credit line. When the credit period expires, the unused balance shall become automatically
invalid.

 

Credit period means
the occurrence period of the specific credit under a line (i.e. the period for determining the debt). The start date of the specific
credit under the line must be included in the credit period and the termination date of the specific credit may exceed the credit
period. The start date and termination date of the specific credit shall accord with the specific credit business contract.

 

    	 

    	 

    

  

		1.3	The
credit granting method of this credit line shall include but not be limited to:

 

Loan bank lending, bill acceptance and discount,
overdraft, factoring, security, loan commitment and opening of L/C.

 

		1.4	The
category/credit granting method, amount, interest rate, tariff and term of the specific credit under the line shall accord with
the single credit contract and IOU or other credit vouchers.

 

	 	1.5	
        Transfer of credit under the line 

        

 

Party B agrees to
        transfer the credit line to the following a third party to use (in other words, the following object may use the credit line),
        and Party B shall undertake the joint guarantee liability for the principal, interest, default interest and compound interest of
        all the debts (including contingent debts) under the line, and the expense for realizing the creditor’s rights (including
        but not limited to legal cost, attorney fee, notary fee and execution fee), and other losses and expenses caused to Party A due
        to the debtor’s breach of contract. The guarantee period shall be from the date of effectiveness of the specific credit contract
        to two years after the expiration of the debt performance term specified in the credit contract (including acceleration of maturity
        of debt).

 

    	 

    	 

    

 

The specific credit-transferred object and amount are as follows:

 

( )                                    
(the transferee), amount: (converted into)        (currency) (in words) ;

 

( )                                    
(the transferee), amount: (converted into)       (currency) (in words) ;

 

( )                                    
(the transferee), amount: (converted into)       (currency) (in words) ;

 

Article 2 Use of Credit Line

 

2.1 Signature of this Contract by and between Party A and Party
B shallnot constitute Party A’s credit commitment to Party B. Party B shall present a written application to Party A for
each specific credit business under the line, and Party A shall have the right to make its own decision on whether to grant to
Party B a single credit under the line. If Party A agrees to grant the single credit through examination, Party A and Party B shall
make and enter into a single credit contract additionally according to the business nature.

 

    	 

    	 

    

 

 2.2 Preconditions for use of the credit
line:

 

(1) Party B has handled the legal procedures (if any) for government
license, approval, registration and delivery for the credit under this Contract according to relevant laws and regulations;

 

(2) The related security contract
is effective (if any);

 

(3) Party B has paid off all the expenses
related to this Contract (if any);

 

(4) Party B meets the credit conditions
specified herein;

 

(5) There is no adverse change to
the business and financial conditions of Party B and the guarantor (if any);

 

(6) There is no adverse change to
Party B’s repayment willingness and the guarantee willingness of the guarantor (if any);

 

(7) Party B has no breach of this
Contract.

 

2.3 Party A has the right to adjust
the amount of the credit line or ask Party B to add guaranty where there is any change of the exchange rate.

 

2.4 Party A has the right to supervise
the use of the credit line and the orientation of the credit funds, and Party B shall provide coordination.

 

2.5 If, prior to or during the use
of the credit line, Party A’s regulatory department requests Party A to control the credit scale or orientation due to change
of national macro-control policies, or Party A is unable to grant to Party B to use the credit line for causes not attributable
to Party A, Party A shall have the right to suspend or terminate the use of this credit line and cancel this Contract, for which
Party B shall have no objection.

 

    	 

    	 

    

 

Article 3 Repayment 

 

3.1 Party B shall open an account in Party A and deposit the
amount repayable to this account prior to the specified date of repayment.

 

3.2 Party B shall perform the debt on time when each single
credit within the line expires, or the related credit shall be deemed overdue or advances shall be made.

 

3.3 Party B hereby irrevocably authorizes Party A to deduct
the principal and interest of the due credit and related expenses from any and all accounts opened by Party B in any banking branch
of Pingan Bank.

 

Article 4 Party B’s Representations and Warranties

 

4.1 Party B is a company with good reputation duly established
and validly existing within the jurisdiction of the location where it is located. Party B has all corporate rights and has obtained
the government license and approval for conducting its current business.

 

4.2 Party B has completed all the authorizations and approvals
necessary for the signature of this Contract. This Contract is the presentation of Party B’s true meaning and may not result
in violation of any agreement or commitment concluded with any a third party. When this Contract is concluded and signed, Party
B has not violate any law, regulation and rule for environmental protection, energy conservation and emission reduction, and pollution
reduction, and Party B promises to strictly abide by such laws, regulations and rules after the conclusion of this Contract.

 

    	 

    	 

    

 

4.3 Party B is not involved in any litigation, arbitration execution,
appeal and reconsideration procedure and other incident or case which may have major adverse impact on the execution of this Contract,
unless otherwise Party B notified Party A in wiring prior to the conclusion of this Contract.

 

4.4 Party B shall, within the time limit requested by Party
A, provide its financial statements, number of all opening accounts, loan balance and other relevant materials requested by Party
A. Party B shall ensure the genuine, completeness and objectivity of all the documents and materials provided, which shall have
no false record, misleading representation or material misstatement. The financial statements shall be prepared strictly in accordance
with the Accounting Standards of China.

 

Article 5 Party B’s Rights and Obligations 

 

5.1 Party B shall open an account in Party A and handle deposit,
settlement and other related services firstly in Party A.

 

5.2 If Party B is a customer group, it shall give a written
report to Party A within ten days after the date of affiliated transaction of over 10% of net assets. The report contents shall
include the affiliated relation between the transaction parties, transaction item and nature, transaction amount or relevant proportion,
and the pricing policy (including no-money involved transaction or only symbolic-money involved transaction).

 

    	 

    	 

    

  

 A customer group as mentioned herein
shall mean an enterprise or public institution legal person who has the following features:

 

(1) It directly or indirectly controls or is directly or indirectly
controlled by another enterprise or public institution legal person in respect of stock right or management;

 

(2) It is jointly controlled by a third party enterprise or
public institution legal person;

 

(3) Its principal individual investor, key manager or a close
family member (including lineal blood relationship within three generations and collateral blood relationship within two generations)
commonly directly or indirectly controls;

 

(4) It has other affiliated relationship and may transfer the
assets and profits not on the basis of fair price, which should be deemed as credit management by a customer group.

 

5.3 If Party B has any one of the following circumstances, it
shall notify Party A thirty days in advance. If Party A thinks it will cause significant impact on the performance of the Contract,
Party B shall obtain Party A’s written consent in advance:

 

(1) material change to Party B’s operating system, equity
structure, property organizational form and primary business, including but not limited to implementation of contracting, lease,
joint operation, reform of shareholding system, merger, acquisition, joint venture (cooperation), division, establishment of a
subsidiary, trusteeship (takeover), sales of enterprise, transfer of property rights and reduction of capital, etc.;

 

    	 

    	 

    

 

(2) disposal of important assets, of which the value exceeds
10% of the net assets, by selling, gifting, lending, transferring, mortgaging (pledging) or other means;

 

(3) its dividends exceed 30% of the net profits after tax of
the current year or exceed 20% of the total undistributed profits;

 

(4) it adds external investment of over 20% of its net assets
after the credit line becomes valid;

 

(5) it changes the debt clauses with other bank and pay off
other long-term debt in advance;

 

(6) Party B repays its shareholder debt;

 

(7) it applies other bank for a credit line, or provides a third
party with security, or reduces or exempts a third party’s debt, with the debt amount concerned exceeding 20% of its net
assets.

 

    	 

    	 

    

  

5.4 Party B shall notify Party A within seven working days as
of the date of occurrence or possible occurrence of the following matters, and Party A shall have the right to decide whether to
request Party B to add guaranty or directly take back all the loans as the case may be:

 

(1) Party B or the guarantor’s business or financial status
is worsened, or there is significant financial loss, loss of assets (including but not limited to loss of assets caused due to
external guarantee) or other financial crisis;

 

(2) Party B encounters administrative punishment or criminal
sanction or is involved in any significant legal dispute due to its illegal business behavior;

 

(3) Party B, its shareholder or de facto controlling person,
or the legal representative or key manager of the guarantor is involved in an important case, or its main asset goes under property
preservation or other compulsory measures, or encounters administrative punishment or criminal sanction, or there is any other
incident which causes Party B impossible to perform its duties normally;

 

(4) Party B or the guarantor provides a third party with guarantee,
causing significant adverse impact on its financial condition or on the performance of its obligations under this Contract;

 

(5) Party B or the guarantor has the following changes, such
as division, consolidation, major merger, acquisition and reconstruction, disposal of major assets, reduction of capital, winding-up,
cease of business for rectification, liquidation, reorganization, being revoked, being dissolved, bankruptcy, or its business license
is revoked;

 

    	 

    	 

    

 

(6) there is obvious reduction or loss of the guaranty value,
or dispute about the ownership of the guaranty; or the guaranty is sealed up, detained, frozen, deducted, detained or sold by auction;
or

 

(7) any other important event or default event which may affect
the business activities of Party B or the guarantor and the loan safety of Party A.

 

5.5 If Party B changes its domicile, mailing address, telephone
number, business scope, legal representative or other relevant items, it shall notify Party A in writing within seven working days
after the change. In the event that Party B fails to perform the said notification obligation, the notices and documents given
by Party A according to the original mailing address shall be deemed to have been served.

 

5.6 Party B shall keep reasonable financial ratios within the
service life of the credit line.

 

(     ) The financial indicators shall reach
the following standard within the service life of the credit line:                                        

 

(     ) 5.7 If Party B handles YIDAITONG
business, Party B shall abide by the following stipulations:

 

(1) Party B shall open settlement accounts in Party A. Party
B shall open payment collection accounts for such three pledge loans as export tax rebates, warehouse warrants and accounts receivable,
and authorize Party A to deduct money directly from these accounts for repayment of this credit.

 

    	 

    	 

    

  

(2) When the loan is released, Party B shall open in Party A
and use the corporate Internet banking product.

 

(3) Party B promises to give propriety to handle in Party A
the increase of mortgage/pledge financing, if any.

 

Article 6 Party A’s Rights and Obligations 

 

6.1 From the second year after the effectiveness of a over one-year
(excluding one-year) line, Party A shall have the right to evaluate the business and financial conditions of Party B and the guarantor
(if any) and the progress of the specific project according to the credit conditions specified in the Contract when the credit
line becomes valid, and adjust the credit line, term and interest rate according to the evaluation result.

 

Where there is any mortgaged (pledged) property, Party A shall
have the right to ask for valuating the mortgaged (pledged) property by an appraisal agency accepted by Party A each year. If the
value of the mortgaged (pledged) property is declined obviously and is not enough for guaranteeing the debt under the Main Contract,
Party A shall have the right to ask Party B to repay part of the loan or provide other guarantee measures accepted by Party A.

 

    	 

    	 

    

  

6.2 Party A has the right to ask Party B to provide materials
related to the credit line, enter Party B’s business site, investigate, review and check the use of the credit line and the
assets, financial and business conditions of Party B, for which Party B shall provide coordination. Party A also has the right
to supervise Party B to use the loan for the purpose specified herein.

 

6.3 Party A shall bear confidentiality obligation for the materials
provided by Party B, except otherwise prescribed by laws and regulations, or specified by a regulatory authority or by both Parties,
or non-confidential information provided by Party B.

 

Article 7 Breach of Contract 

 

7.1 Any one of the following cases shall be deemed as a default
event referred to herein:

 

(1) There is overdue interest, overdue
repayment or advance of the credit hereunder, or the credit funds are used not for the purpose specified by both Parties;

 

(2) Party B violates some of its representations, warranties
and commitments;

 

(3) Party B violates some of its obligations performable hereunder;

 

(4) Party B conceals some genuine important information;

 

    	 

    	 

    

  

(5) Party B or the guarantor evades bank claims through affiliated
transactions or by other means;

 

(6) Party B or the guarantor has any one of the following behaviors,
being negligent in managing and claiming the creditor’s rights due, or disposing and transferring its main properties free
of charge, or at unreasonable low price or by other improper means, or escaping debts;

 

(7) Party B illegally get funds or credit from Party A or other
banks by using a false contract and arrangement with a third party, including but not limited to pledge or discount of the notes
receivable and other claims without actual trading background.

 

(8) Party B or the guarantor violates any other contract (including
but not limited to credit contract, loan contract and guarantee contract) signed with Party A or other banks or any securities
with the nature of debt it issued;

 

(9) Party B’s guarantor violates the guarantee contract
(including but not limited to guarantee contract, mortgage contract and pledge contract) or has any breach of the guarantee contract,
or the guarantee contract has not taken effect, is invalid or is cancelled; or there is obvious reduction or loss of the guaranty
value, or dispute about the ownership of the guaranty, or the guaranty is sealed up, detained, frozen, deducted, detained or sold
by auction;

 

    	 

    	 

    

  

(10) There is any case which should be notified under sub-clauses
5.3 and 5.4 herein that Party A thinks effective on the safety of its creditor’s rights; or

 

(11) The business term of Party B or the guarantor expires within
the credit line period, and Party B or the guarantor fails to handle the procedures for renewal.

 

7.2 In case of any one of these default events listed in the
preceding clause, Party A shall have the right to take the following actions:

 

(1) To adjust, cancel or terminate the comprehensive credit
line hereunder, or to adjust the period and amount of the credit line;

 

(2) To announce immediate maturity of all or part of the credit
under this line; to ask Party B to repay part or all the credit principal, interest and expenses immediately, and pay default interest
for the total credit principal released at the default interest rate from the date of occurrence of the default event until Party
B pays off the total credit principal;

 

Expenses shall include but not be limited to the attorney fee,
legal cost, arbitration fee, traveling expenses, announcement cost, service fee, execution fee, transfer fee and other relevant
expenses of Party A for realizing its creditor’s rights.

 

(3) To ask Party B to pay in full the cash deposit for paying
undue acceptance, L/G, L/C or other credit business;

 

    	 

    	 

    

 

(4) To ask Party B to provide new guarantee measures accepted
by Party A;

 

(5) To make deduction directly from the account of Party B’s
guarantor to repay all the debts under this Contract and the specific business contract (including the debts Party A requests for
prepayment), without obtaining Party B’s consent in advance;

 

(6) To exercise the guarantee right, ask the guarantor to perform
guarantee liability, or realize creditor’s rights through disposal of the mortgaged property and/or pledged property;

 

(7) Party A claims Party B’s debtor for the right of subrogation
or appeal to the court to revoke Party B’s waiving of the creditor’s right due or Party B's transfer of property free
of charge or at an obviously unreasonable low price. Party B shall provide all necessary coordination and assistance according
to Party A’s requirements, and all the costs and expenses caused to Party A arising therefrom shall be borne by Party B;

 

(8) Other remedial measures prescribed by laws and regulations
and specified in the Contract.

 

Article 8 Other Provisions 

 

During the period of credit granted
by Party A, Party B and the guarantor shall not make profit distribution.

 

    	 

    	 

    

 

Article 9 Supplementary Provisions

 

9.1 (    ) Both Parties agree to handle compulsory
enforcement notarization for this Contract.

 

If Party B fails to completely pr partly perform the obligations
specified herein when compulsory enforcement notarization is handled by both Parties for this Contract, Party A shall have the
right to apply the original notary public for an enforcement certificate, and apply the competent people’s court (the people’s
court at the location where the person subject to enforcement lives or where the property of the person subject to enforcement
is located) for enforcement holding the original notarial certificate and the enforcement certificate.

 

 (√) No compulsory enforcement
notarization shall be handled for this Contract.

 

9.2 The application for single credit,
credit contract, IOU and credit vouchers related hereto, other relevant documents and materials confirmed by both Parties, and
the commitment letter and declaration issued by Party B unilaterally to Party A shall be deemed as an integral part of this Contract
and shall have the same equal legal force as this Contract.

 

    	 

    	 

    

 

9.3 Party B authorizes Party A to inquire Party B’s credit
standing including information about social insurance from the credit information database of the People’s Bank of China,
the credit database established upon approval by the competent credit investigation authorities, or relevant institutions, departments
and individuals. The credit report acquired through inquiry may be used only within the scope prescribed by the interim measures
for administration of credit information database issued by the People’s Bank of China and other relevant laws and regulations.
As agreed by Party B, Party A may provide Party B’s credit information for the credit information database of the People’s
Bank of China and the credit database established upon approval by the competent credit investigation authorities.

 

9.4 Please confirm the options with √ in the brackets
before the selected items.

 

9.5 Any and all disputes arising from the execution of the Contract
shall be settled by both Parties through consultation. Where consultation fails, the following (2) shall be adopted for
dispute settlement:

 

(l) To apply                                     
for arbitration in accordance with the current arbitration rules of the commission. The award of the arbitration shall be final
and binding upon both Parties.

 

(2) To initiate a lawsuit in the people’s court at the
location where Party A is located;

 

(3) To initiate a lawsuit in the people's court.

 

9.6 This Contract shall be governed by the laws of the People's
Republic of China.

 

    	 

    	 

    

  

9.7 This Contract shall come into force upon the signature of
all the parties hereto (signed or sealed by the authorized signatories and affixed with official seal). If Party B does not use
the line within three months as of the date of effectiveness of this Contract, Party A shall have the right to cancel this Contract
unilaterally.

 

9.8 This Contract shall be made out in 3 originals for
Party A holding two and Party B, (     ) the guarantor and (     ) the registration authority
each holding one.

 

Party B hereby represents that it has fully understood all the
terms and conditions of this Contract (especially the bold fonts), and the clauses of the related guarantee contract and other
relevant documents and has taken independent legal consultation (where necessary).

 

Party A (Seal): PINGAN BANK CO., LTD.

 

SHENZHEN BRANCH:

 

Legal Representative (Principal) or Authorized Agent (Signature):

  

Party B (Seal) SHENZHEN HIGHPOWER TECHNOLOGY CO., LTD.: 

 

Legal Representative or Authorized Agent: /s/ Dangyu Pan

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00242-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00242-of-00352.parquet"}]]