Document:

Exhibit 10.9

 

	 	常州恒茂电源科技有限公司

                                         Changzhou Hengmao
                                         Power Battery Technology Co., Ltd.

	 	 

 

Agency
Agreement on Contracting Lithium Battery Powered Electric Bicycle

 

Contract
No.: CZHM20181226-D1

Place
of Signing: Changzhou, Jiangsu

Date:
December 26, 2018

 

Supplier
(Party A): Changzhou Hengmao Power Battery Technology Co., Ltd.

Address:
Wujian Industrial Park, No. 86, West of Wujin Avenue, Wujin District, Changzhou, Jiangsu Province

Tel.:
0519-86223321 

Contract
Person: Chen Heng-long 

 

Contractor
(Party B): Zhu Guo-qing 

ID
Card No.: 330222196809081953 

Address:
Room 1501, Building 2, Jiangnan Jiayuan Garden, Yingbin Road, Tianning District, Changzhou

 

Party
A and Party B reach the following terms and conditions on lithium battery powered electric bicycle lease through friendly discussions
based on the principle of good faith, free will, cooperation and mutual benefits:

 

I.
Product name, model and rent:

 

	Serial
    No.	Product
    Name	Model	Rent
    (RMB/Month/Bicycle)
	1	Lithium
    Battery Powered Electric Bicycle	Tangshi
    Brand	RMB250
	Note:
    Party A's guiding price for bicycle rent is RMB 450/month/bicycle, and the contracting settlement price for Party B is RMB250/month/bicycle.

 

	II.	Term
of the agreement: January 1, 2019 - December 31, 2019

 

	III.	Liabilities
and obligations of Party A

 

1.
Party A shall deliver electric bicycles for lease with complete licenses to Party B and provide sufficient batteries for exchange.
Party B shall plan the dispatch and operation of the batteries. Where additional batteries are required for special needs, Party
A's permission shall be obtained in advance and the settlement shall be conducted separately.

2.
Party A shall, in accordance with the China national standards for "three guarantees", provide the repair for the leased
electric bicycles free of charge. Party B shall be responsible for the cost of spare parts not covered by the three guarantees.
The price shall be charged according to the standard list provided by the Tangshi Factory, and the maintenance labor shall be
borne by Party A.

 

     

     

    

 

	 	常州恒茂电源科技有限公司

                                         Changzhou Hengmao
                                         Power Battery Technology Co., Ltd.

	 	 

 

3.
Party A shall ensure that the electric bicycles and batteries provided are safe and reliable in quality, and the batteries provided
are fully charged, and the batteries used are regularly inspected to ensure safety.

4.
Party A shall not bear any joint liability and any economic compensation liability arising from lease of the bicycles by Party
B. Party B shall declare to the lessees that the bicycles shall be used in accordance with the relevant regulations.

5.
Party A shall not bear any penalty loss arising from detaining of the bicycles due to violation of the relevant regulations.

6.
Party A shall have the right to know the credit and information of the electric bicycle lease applicant, and Party B shall regularly
exchange the information of the lease user with Party A.

 

	IV.	Liabilities
and obligations of Party B

 

1.
Before the leasee uses the bicycle, Party B shall check whether the bicycle is in good condition and whether the brake and the
GPS work normally. If the bicycle is found to have any problem, it is not allowed to be leased. Party A shall be notified to repair
it in time.

2.
Party B shall instruct the leasee to use the leased bicycle safely, and the lessee shall bear the relevant expenses arising from
unreasonable use of the leased bicycle (such as the appearance damage of the bicycle, lamp, rear view mirror or wheel rim collided
and deformed, etc.). Party A shall be responsible for the inner tube leakage and damage, and the outer tire damage shall be settled
through discussions according to the specific situations.

3.
In case of peak demand for battery exchange, Party B shall carry out discussions with Party A on the supply of additional batteries
in advance, and the relevant expenses shall be negotiated separately.

4.
Party B shall instruct the leasee to abide by the relevant laws and regulations when using the leased bicycle. Where the lessee
violates any traffic regulation, he/she shall bear the penalty for violation.

5.
Party B shall not buy, sell or mortgage the leased bicycle;

6.
Party B shall properly keep the deposits collected from the lessees but shall not use them for other purposes, and Party B shall
settle the collected rent with Party A in time.

7.
Party A and Party B shall check the number of batteries and electric bicycles regularly to prevent theft and loss. The method
and time of stock taking shall be determined by both parties through negotiations, on the premise of not affecting business operation.
Where it is found that any battery or electric bicycle is lost due to management problems of Party B during the business operation,
Party B shall make compensation to Party A according to the price.

 

    2

     

    

 

	 	常州恒茂电源科技有限公司

                                         Changzhou Hengmao
                                         Power Battery Technology Co., Ltd.

	 	 

 

	V.	Risks
of accidents and settlement of traffic accidents

 

1.
Party B shall inform the electric bicycle lessees of the traffic risks, and instruct them to drive in accordance with the regulations,
and bear the risks of bicycle damage and third-party liabilities in the traffic accidents involving the leased bicycle.

2.
The GPS working conditions of the bicycle shall be checked when the bicycle is leased, to ensure that it works normally. Where
any leased bicycle is stolen or lost otherwise during the term of lease, Party B shall immediately report to the police and notify
Party A. By doing so, Party B shall be exempted from the liability for compensation.

 

	VI.	Service
commitment during the term of lease:

 

1.
Party A shall guarantee the supply of batteries according to the provisions in Clause 1 of Article III, and try its best to meet
the temporary needs of Party B and guarantee to provide services 7 * 24 hours.

2.
Party A shall provide support with original accessories (paid/free of charge) as well as appropriate promotions, including the
store front decoration and the promotion expenses of various activities. The details shall be negotiated by and between both parties.

 

VII.
Settlement and mode of payment:

 

1.
At the end of each month, both parties shall check the numbers of bicycles and rechargeable batteries used in the current month.
After verifying the numbers, Party B shall pay the rent for the previous month before the 5th day in each month and remit it into
the account designated by the company.

2.
Where Party B fails to make payment more than 7 days after the agreed deadline and there is no reasonable cause for overdue payment
after being pushed for payment, Party A shall have the right to terminate the cooperation, and Party B shall bear the losses arising
therefrom.

3.
Where the product of Party A has any quality problem, be it battery or electric bicycle, Party B shall reserve the right to ask
Party A to repair and replace it unconditionally. Where it is temporarily removed from operation, it shall be excluded in the
settlement. Where major difficulties in the lease businesses of Party B arise therefrom, Party B shall have the right to terminate
this agreement or revise some conditions in this agreement for both parties to continue to cooperate. Within three working days
after the termination of this agreement, both parties shall settle the rent arising in the current month, and any other opinions
shall be settled according to the principle of consensus through negotiation.

 

	VIII.	Any
other issue not covered shall be settled by and between both parties through negotiation.

 

	IX.	This
agreement shall come into force after being signed and sealed by both parties. This agreement is made in two sets, and each party
shall hold one set, which shall have the same legal effect.

 

	Supplier:
Changzhou Hengmao Power Battery Technology Co., Ltd. 	 	Contractor:
                                         Zhu Guo-qing 
	 	 	(Signature
                                         or Fingerprint of Party B)
	Representative: _________________

(Official
Seal of Party A)

Date:
December 26, 2018

	 	

                                                                                 

                                                                                Date: December 26, 2018

 

 

3Exhibit 10.10

 

		常州恒茂电源科技有限公司
	Changzhou Hengmao Power Battery Technoogy Co., Ltd.

 

Cooperation Agreement on Power Lithium
Battery Lease

 

	 	Place of Signing: Changzhou, Jiangsu
	 	Contract No.: CZHM20191228-6020M
	 	Date: December 28, 2019
	 	 

Leasee (Party A): Zheng Xiao-Ying 

ID Card No.: 440811198707100322 

Address: No. 52, Minzhu Street, Taiping
Town, Mazhang District, Zhanjiang, Guangdong Province

Tel.: 13924547360 

 

Lessor (Party B): Changzhou Hengmao
Power Battery Technology Co., Ltd.

Address: Room 506, Building A, Dalian
University of Technology, Changzhou Science and Education Town, Changzhou, Jiangsu Province

Tel.: 0519-86223321

Contact Person: Chen Heng-long 

 

Party A and Party B
reach the following terms and conditions on power lithium battery lease through friendly negotiation based on the principle of
good faith, free will, cooperation and mutual benefits:

 

I. Product name, model and rent:

 

	Serial No.	Product Name	Model	Rent (RMB/month/pack)
	1	Lithium battery pack	EM-6020M	RMB80

 

II. Period of lease: January 1, 2020 -
December 31, 2020

 

III. Quality standards

 

(1) Party B shall provide
qualified power lithium battery products in line with the factory standards and China national standard to Party A;

 

(2) Party
A shall use the battery correctly according to Party B's requirements. Where any product of Party B is damaged due to improper
use of Party A, Party A shall bear the cost as specified in Article VIII (or agreed by and between both parties); where the product
provided by Party B has quality problems, Party B shall have the obligation to repair or replace it unconditionally.

 

IV. Service commitment during the term
of lease:

 

(1) Changzhou
Hengmao Power Battery Technology Co., Ltd. shall directly provide services to the lease point. If there is any quality problem
after the contract is signed, the lessor shall provide on-site service within 24 hours.

 

(2) Changzhou Hengmao
Power Battery Technology Co., Ltd. shall provide support with original accessories (paid /free of charge), and the details will
be discussed by and between both parties;

 

(3) Special performance
services shall be provided, and where the power capacity is less than 70%, the product shall be replaced (with no limit on time
of use).

 

    	 	1	 

     

    

 

		常州恒茂电源科技有限公司
	Changzhou Hengmao Power Battery Technoogy Co., Ltd.

 

V. Handover and acceptance: The handover
and acceptance will be carried out in the place where Party A is located, and the acceptance time is 7 days;

 

VI. Settlement method:

 

(1) The
number of delivery notes signed by and between both parties at the end of each month shall be checked, and Party A shall pay the
rent for the previous month before the 5th day in each month.

 

(2) Where Party
A fails to make payment more than 7 days after the agreed deadline, Party B shall have the right to take back all the batteries
leased to Party A, and Party A shall bear the losses arising therefrom.

 

(3) Where the
product of Party B has any quality problem, Party A shall reserve the right to terminate this agreement at its own discretion.
Within three working days after the termination of this agreement, both parties shall settle the rent for the current month.

 

(4) After the
termination of the contract, Party B shall reserve the right to take back all the batteries. Where Party A finds that any battery
is damaged or lost, Party B shall have the obligation to make compensation to Party A according to the compensation clause in Article
VIII.

 

VII. Mode of Payment: cash or telegraphic
transfer.

 

Account No.: 8350
0188 0000 8162 3

Opening Bank: Changzhou
University Town Sub-Branch of Bank of Jiangsu

Account Name: Changzhou
Hengmao Power Battery Technology Co., Ltd.

 

VIII. Terms for the three guarantees: Repair
free of charge within two years;

 

IX. Liability and compensation:

 

(1) Party A shall use
the products of Party B normally and reasonably according to the requirements of Party B and shall charge and maintain the batteries
properly.

 

(2) Without permission,
Party A shall not replace or modify or dismantle any product or accessory of Party B.

 

(3) Party
A shall ensure that the products of Party B are in good condition. In case of loss or artificial damage, Party A shall be liable
for compensation. The specific compensation prices are as follows (other parts not listed shall be settled by and between both
parties through discussions):

 

	Name of Product	Battery	Battery Charger	Battery Case
	Amount of Compensation	RMB2,000	RMB200	RMB300

 

X. Safety clauses:

 

(1) Party B shall guarantee
that the leased products are safe and reliable;

 

(2) Any
loss arising from improper use of Party A shall be solved and borne by Party A, and Party A shall bear no safety responsibility
in use;

 

(3) Party B shall fulfill
its service commitments.

 

XI. Any other issue not covered shall be
settled by and between both parties through negotiation.

 

XII. In case of any change to the operating
territory, Party A shall promptly notify the representative of Party B to handle the subsequent issues, and the responsible persons
of both parties shall coordinate and deal with the other issues.

 

    	 	2	 

     

    

 

		常州恒茂电源科技有限公司
	Changzhou Hengmao Power Battery Technoogy Co., Ltd.

 

XIII. This agreement shall come into force
after being signed and sealed by both parties. This agreement is made in two sets, and each party shall hold one set, which shall
have the same legal effect.

 

Lessee: Zheng Xiao-ying 

(Signature or Fingerprint of Party A)

Date: December 28, 2019 

 

Lessor: Changzhou Hengmao Power Battery
Technology Co., Ltd 

Official Seal of Part B

Representative:

Date: December 28 2019

 

 

3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00318-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00318-of-00352.parquet"}]]