<SEC-DOCUMENT>0001104659-24-108302.txt : 20241015
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<ACCEPTANCE-DATETIME>20241015070516
ACCESSION NUMBER:		0001104659-24-108302
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		41
CONFORMED PERIOD OF REPORT:	20241015
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20241015
DATE AS OF CHANGE:		20241015

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ivanhoe Electric Inc.
		CENTRAL INDEX KEY:			0001879016
		STANDARD INDUSTRIAL CLASSIFICATION:	METAL MINING [1000]
		ORGANIZATION NAME:           	01 Energy & Transportation
		IRS NUMBER:				320633823
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-41436
		FILM NUMBER:		241369228

	BUSINESS ADDRESS:	
		STREET 1:		450 E RIO SALADO PARKWAY
		STREET 2:		SUITE 130
		CITY:			TEMPE
		STATE:			AZ
		ZIP:			85281
		BUSINESS PHONE:		480-656-5821

	MAIL ADDRESS:	
		STREET 1:		450 E RIO SALADO PARKWAY
		STREET 2:		SUITE 130
		CITY:			TEMPE
		STATE:			AZ
		ZIP:			85281
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<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>UNITED STATES<br/>
SECURITIES AND EXCHANGE COMMISSION</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Washington, D.C. 20549</b></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>CURRENT REPORT</b></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Registrant&#8217;s telephone number, including
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Former name or former address, if changed since
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Check the appropriate box below if the Form&#160;8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Securities registered pursuant to Section&#160;12(b)&#160;of the
Act:</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

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registered</b></span></td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule&#160;405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule&#160;12b-2
of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Emerging growth company <span id="xdx_907_edei--EntityEmergingGrowthCompany_c20241015__20241015_zWXg1V83gewf" style="font-family: Wingdings"><ix:nonNumeric contextRef="AsOf2024-10-15" format="ixt:booleanfalse" id="Fact000028" name="dei:EntityEmergingGrowthCompany">&#168;</ix:nonNumeric></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section&#160;13(a)&#160;of the Exchange Act. </span><span style="font-family: Wingdings">&#168;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>



<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Item 1.01. Entry into a Material Definitive
Agreement.</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On October 15, 2024, VRB Energy, Inc. (&#8220;VRB
Energy&#8221;), a 90% owned subsidiary of Ivanhoe Electric Inc. (the &#8220;Company&#8221;), signed definitive agreements pursuant to
the Term Sheet previously disclosed in the Company&#8217;s Form 8-K filed on September 23, 2024 providing for the creation of a 51%/49%
joint venture (the &#8220;Transaction&#8221;) between VRB Energy and China Energy Storage Industry Co., Ltd. (&#8220;Red Sun&#8221;),
a subsidiary of Shanxi Red Sun Co., Ltd., pending certain conditions precedent, with closing of the Transaction expected to occur by the
end of October 2024. The purpose of the joint venture is to manufacture and sell vanadium redox flow battery systems with a market focus
in Asia, the Middle East, and Africa.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The definitive agreements include i) a Purchase,
Sale and Investment Agreement by and among VRB Energy, VRB Energy System (Beijing) Co., Ltd., a wholly-owned subsidiary of VRB Energy
("VRB China" or the "Joint Venture") and Red Sun (the &#8220;Purchase Agreement&#8221;), ii) a VRB China Joint Venture
Agreement by and among the Joint Venture, VRB Energy and Red Sun (the &#8220;Joint Venture Agreement&#8221;) and iii) a Cooperation Agreement
by and among the Joint Venture, Red Sun, VRB Energy and VRB Energy USA, Inc. (&#8220;VRB USA&#8221;) (the &#8220;Cooperation Agreement&#8221;
and together with the Purchase Agreement and the Joint Venture Agreement, the &#8220;Agreements&#8221;).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Purchase Agreement provides for Red Sun's
purchase of shares in the Joint Venture from VRB Energy for $20 million in cash payable in two equal tranches, the first of which will
be paid at the closing of the Transaction and the second of which will be paid by no later than June 30, 2025, and the increase in the
Joint Venture's share capital through Red Sun's subscription of the Chinese Renminbi equivalent of $35 million in a series of payments
through the end of 2025, approximately $12.5 million of which will be paid at the closing of the Transaction. Upon closing of the Transaction,
Red Sun will own 51% of the Joint Venture and VRB Energy will own 49% of the Joint Venture. If the remaining payments are not made according
to their parties agreed-upon schedule, Red Sun will transfer to VRB Energy a portion of its interest in the Joint Venture proportionate
to the unpaid amount.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Joint Venture Agreement provides for funding
of the Joint Venture after the Transaction to be pro rata and subject to a customary dilution formula. Pursuant to the Joint Venture Agreement,
certain matters may not be taken by the Joint Venture, its Board of Directors (the &#8220;Board&#8221;), any of its directors, or any
of its officers in the name or on behalf of the Joint Venture, without the affirmative vote or consent of the shareholder holding, or
the shareholders collectively holding, at least two-thirds (2/3) of the equity interest. The Board will be set at six directors, with
two nominees from VRB Energy. So long as VRB Energy owns 20% of the share capital of the Joint Venture, it shall be entitled to designate
two of six directors on the Board. From the date that VRB Energy has less than 20% of the share capital of the Joint Venture but more
than 10%, it shall be entitled to designate only one of six directors. Should VRB Energy come to own less than 10% of the share capital
of the Joint Venture, it shall not be entitled to designate any nominees on the Board. Subject to certain exceptions, the Board shall
operate by majority vote.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Cooperation Agreement provides for certain
allocations of business opportunities, supply arrangements, technical assistance and intellectual property arrangements as between the
businesses of the Joint Venture and VRB USA, a wholly-owned subsidiary of VRB Energy being established as a separate United States-based
vanadium redox battery business.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The foregoing summary of the Agreements does not
purport to be a complete description of the Agreements and is qualified in its entirety by reference to the full text of the Agreements,
copies of which are attached hereto as Exhibit 10.1, 10.2 and 10.3, and incorporated herein by reference.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Item 7.01. Regulation FD Disclosure.</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A copy of the Company&#8217;s press release dated
October 15, 2024, relating to the announcement of the execution of the Agreements, is furnished as Exhibit 99.1 to this Form 8-K.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The information contained in this Item 7.01 and
Exhibit 99.1 hereto shall not be deemed &#8220;filed&#8221; for purposes of Section 18 of the Securities Exchange Act of 1934, as amended
(the &#8220;Exchange Act&#8221;), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference
into any other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference
in such a filing.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Item 9.01. Financial Statements and Exhibits.</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>(d) Exhibits.</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <tr style="background-color: white">
    <td style="vertical-align: bottom; width: 8%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Exhibit
    <br/>
    No.</b></span></td>
    <td style="vertical-align: top; width: 2%; text-align: center"><span style="font-size: 10pt">&#160;</span></td>
    <td style="vertical-align: bottom; width: 90%; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Description</b></span></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: top"><a href="tm2426116d1_ex10-1.htm"><span style="font-size: 10pt">10.1##</span></a></td>
    <td style="vertical-align: top"><span style="font-size: 10pt">&#160;</span></td>
    <td style="vertical-align: top"><a href="tm2426116d1_ex10-1.htm"><span style="font-size: 10pt">Purchase, Sale and Investment Agreement</span></a></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: top"><a href="tm2426116d1_ex10-2.htm"><span style="font-size: 10pt">10.2##</span></a></td>
    <td style="vertical-align: top"><span style="font-size: 10pt">&#160;</span></td>
    <td style="vertical-align: top"><a href="tm2426116d1_ex10-2.htm"><span style="font-size: 10pt">VRB China Joint Venture Agreement</span></a></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: top"><a href="tm2426116d1_ex10-3.htm"><span style="font-size: 10pt">10.3</span></a></td>
    <td style="vertical-align: top"><span style="font-size: 10pt">&#160;</span></td>
    <td style="vertical-align: top"><a href="tm2426116d1_ex10-3.htm"><span style="font-size: 10pt">Cooperation Agreement</span></a></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: top"><a href="tm2426116d1_ex99-1.htm"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">99.1</span></a></td>
    <td style="vertical-align: top"><span style="font-size: 10pt">&#160;</span></td>
    <td style="vertical-align: top"><a href="tm2426116d1_ex99-1.htm"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Press Release dated October
    15, 2024</span></a></td></tr>
  <tr style="background-color: white">
    <td style="vertical-align: top"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">104</span></td>
    <td style="vertical-align: top"><span style="font-size: 10pt">&#160;</span></td>
    <td style="vertical-align: top"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cover Page Interactive
    Data File (embedded with the inline XBRL document)</span></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">## Certain schedules or portions thereof are omitted
pursuant to Item 601(a)(5) of Regulation S-K. The Company agrees to provide on a supplemental basis a copy of any omitted schedule to
the U.S. Securities and Exchange Commission or its staff upon request.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><b>Forward-Looking Statements</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">The Company cautions
you that statements included in this Current Report on Form&#160;8-K that are not a description of historical facts are forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainty, including statements
regarding the proposed creation of the joint venture in respect of VRB China in the Transaction, the establishment of VRB USA, and the
other matters contemplated by the Agreements. In some cases, you can identify these statements by forward-looking words such as &#8220;may,&#8221;
&#8220;might,&#8221; &#8220;could,&#8221; &#8220;should,&#8221; &#8220;would,&#8221; &#8220;achieve,&#8221; &#8220;budget,&#8221; &#8220;scheduled,&#8221;
&#8220;forecasts,&#8221; &#8220;expects,&#8221; &#8220;plans,&#8221; &#8220;anticipates,&#8221; &#8220;believes,&#8221; &#8220;estimates,&#8221;
&#8220;predicts,&#8221; &#8220;potential&#8221; or &#8220;continue,&#8221; the negative of these terms and other comparable terminology.
These forward-looking statements may include projections of our future financial performance, our anticipated growth strategies and anticipated
trends in our industry. Forward-looking statements are based on management&#8217;s current expectations and are subject to a number of
risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. All
forward-looking statements speak only as of the date on which they are made. These statements are not guarantees of future performance
and involve certain risks, uncertainties and assumptions concerning future events that are difficult to predict. Therefore, actual future
events or results may differ materially from these statements. We believe that the factors that could cause our actual results to differ
materially from those expressed or implied by forward-looking statements include the following: we and Red Sun may not successfully obtain
all necessary regulatory and third party approvals and satisfy other applicable conditions to the transactions contemplated herein; the
Transaction may not close on the timeline anticipated, or at all; we and VRB China may not receive all of the payments called for by the
Agreements; and such payments may not be applied in the manner currently anticipated; our mineral projects are all at the exploration
stage and are subject to the significant risks and uncertainties associated with mineral exploration; the initial assessment for our Santa
Cruz Project is only an early stage study of its potential economic viability and future studies and actual economic outcomes may vary
greatly from those set forth in the initial assessment; we have no mineral reserves, other than at the San Matias project; we have a limited
operating history on which to base an evaluation of our business and prospects; we depend on our material projects for our future operations;
our mineral resource and reserve calculations and economic projections relating to our properties are only estimates; actual capital costs,
operating costs, production and economic returns at any future mine may differ significantly from those we have anticipated or projected;
the title to some of the mineral properties may be uncertain or defective; our business is subject to changes in the prices of copper,
gold, silver, nickel, cobalt, vanadium and platinum group metals; we have claims and legal proceedings against one of our subsidiaries;
our business is subject to significant risk and hazards associated with future mining operations; we may fail to identify attractive acquisition
candidates or joint ventures with strategic partners or be unable to successfully integrate acquired mineral properties; we may fail to
successfully manage joint ventures and are reliant on our joint venture partners to comply with their obligations; our business is extensively
regulated by the United States and foreign governments as well as local governments; the requirements that we obtain, maintain and renew
environmental, construction and mining permits are often a costly and time-consuming process; our non-U.S. operations are subject to additional
political, economic and other uncertainties not generally associated with domestic operations; and our activities may be hindered, delayed
or have to cease as a result of climate change effects, including increased and excessive heating and the potential for forest fires at
many of our properties. You should carefully consider these risks, as well as the additional risks described in other documents we file
with the SEC. We also operate in a very competitive and rapidly changing industry. New risks emerge from time to time and it is not possible
for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor,
or combination of factors, may cause actual results to differ materially from those contained in, or implied by, any forward-looking statements.
We disclaim any obligation to update such forward-looking statements, except as required by law.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p>




<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>SIGNATURES</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <tr>
    <td>&#160;</td>
    <td colspan="2" style="vertical-align: bottom"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>IVANHOE ELECTRIC INC.</b></span></td></tr>
  <tr>
    <td style="width: 50%">&#160;</td>
    <td style="width: 5%">&#160;</td>
    <td style="width: 45%">&#160;</td></tr>
  <tr>
    <td style="vertical-align: top"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Date: October 15, 2024</span></td>
    <td style="vertical-align: bottom"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</span></td>
    <td style="border-bottom: black 1pt solid; vertical-align: top"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Taylor Melvin</span></td></tr>
  <tr>
    <td>&#160;</td>
    <td>&#160;</td>
    <td style="vertical-align: top"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Taylor Melvin</span></td></tr>
  <tr>
    <td>&#160;</td>
    <td>&#160;</td>
    <td style="vertical-align: top"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">President and Chief Executive Officer</span></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<DOCUMENT>
<TYPE>EX-10.1
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<DESCRIPTION>EXHIBIT 10.1
<TEXT>
<HTML>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PURCHASE, SALE AND INVESTMENT AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&#36141;&#20080;&#12289;&#38144;&#21806;&#21644;&#25237;&#36164;&#21327;&#35758;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">THIS PURCHASE, SALE AND INVESTMENT
AGREEMENT (this &ldquo;<B>Agreement</B>&rdquo;), is made as of October&nbsp;15, 2024 (the &ldquo;<B>Execution Date</B>&rdquo;), by and
among VRB Energy Inc., a corporation existing under the laws of the Cayman Islands (the &ldquo;<B>VRB Cayman</B>&rdquo;), VRB Energy
System (Beijing) Co.,&nbsp;Ltd., a wholly foreign-owned enterprise also known as Pu Neng (Beijing) Energy Technology Co.,&nbsp;Ltd. and
registered in Beijing, PRC and existing under the laws of the PRC (&ldquo;<B>VRB China</B>&rdquo;, and together with VRB Cayman, each
a &ldquo;<B>Seller Party</B>&rdquo; and collectively, the &ldquo;<B>Seller Parties</B>&rdquo;), and China Energy Storage Industry Co.,&nbsp;Ltd.,
a company registered in Beijing, PRC and existing under the laws of the PRC (&ldquo;<B>Purchaser</B>&rdquo;). Purchaser and each Seller
Party are collectively the &ldquo;<B>Parties</B>&rdquo; and each individually a &ldquo;<B>Party</B>.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#36141;&#20080;&#12289;&#38144;&#21806;&#21644;&#25237;&#36164;&#21327;&#35758;&#65288;&#26412;&ldquo;<B>&#21327;&#35758;</B>&rdquo;&#65289;&#20110;</FONT>2024<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;</FONT>10<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26376;</FONT>15<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26085;&#65288;&ldquo;<B>&#31614;&#32626;&#26085;</B>&rdquo;&#65289;&#30001;&#20197;&#19979;&#21508;&#26041;&#31614;&#32626;&#65306;</FONT>VRB
Energy Inc.<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65292;&#19968;&#23478;&#26681;&#25454;&#24320;&#26364;&#32676;&#23707;&#27861;&#24459;&#25104;&#31435;&#30340;&#20844;&#21496;&#65288;&ldquo;</FONT><B>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif">&rdquo;&#65289;&#65292;</FONT>VRB
Energy System (Beijing) Co., Ltd.<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65292;&#20063;&#31216;&#26222;&#33021;&#65288;&#21271;&#20140;&#65289;&#33021;&#28304;&#31185;&#25216;&#26377;&#38480;&#20844;&#21496;&#65292;&#19968;&#23478;&#22312;&#20013;&#22269;&#21271;&#20140;&#27880;&#20876;&#24182;&#26681;&#25454;&#20013;&#22269;&#27861;&#24459;&#25104;&#31435;&#30340;&#22806;&#21830;&#29420;&#36164;&#20225;&#19994;&#65288;&ldquo;</FONT><B>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif">&rdquo;&#65292;&#19982;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#22343;&#21333;&#29420;&#31216;&#20026;&ldquo;<B>&#21334;&#26041;</B>&rdquo;&#65292;&#32479;&#31216;&#20026;&ldquo;<B>&#21334;&#26041;&#20840;&#20307;</B>&rdquo;&#65289;&#65292;&#20197;&#21450;&#20013;&#33021;&#20648;&#23454;&#19994;&#26377;&#38480;&#20844;&#21496;&#65292;&#19968;&#23478;&#22312;&#20013;&#22269;&#21271;&#20140;&#27880;&#20876;&#24182;&#26681;&#25454;&#20013;&#22269;&#27861;&#24459;&#25104;&#31435;&#30340;&#20844;&#21496;&#65288;&ldquo;<B>&#20080;&#26041;</B>&rdquo;&#65289;&#12290;&#20080;&#26041;&#21644;&#21508;&#21334;&#26041;&#32479;&#31216;&#20026;&ldquo;<B>&#21508;&#26041;</B>&rdquo;&#65292;&#21333;&#29420;&#31216;&#20026;&ldquo;<B>&#19968;&#26041;</B>&rdquo;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, VRB Cayman owns
100% of the equity interests in VRB China;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#37492;&#20110;&#65292;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#25345;&#26377;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;</FONT>100%<FONT STYLE="font-family: Times New Roman, Times, Serif">&#30340;&#32929;&#26435;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, subject to the terms
and conditions set forth in this Agreement, Purchaser desires to (1) purchase from VRB Cayman, and VRB Cayman desires to sell to Purchaser
RMB 164,801,923.08 registered capital of VRB China (the &ldquo;<B>Transferred Interests</B>&rdquo;), representing 27.3077% of equity
interests in VRB China as of the Execution Date (the &ldquo;<B>Equity Transfer</B>&rdquo;) for a purchase price of USD 20,000,000 (the
 &ldquo;<B>Purchase Price</B>&rdquo;), (2) as part of the Equity Transfer, purchase unpaid registered capital of RMB 95,698,076.92 from
VRB Cayman for zero (0) consideration, i.e., obtaining the right to make capital contribution for that portion of equity interests, (3)
invest a sum of RMB 249,734,693.88 in VRB China to (i) subscribe for newly issued RMB 96,500,000.00 registered capital and (ii) pay the
capital contribution for the transferred equity interests, transferred right to make capital contribution and the contributed equity
interests (the &ldquo;<B>Capital Increase</B>&rdquo;), as a result of which Purchaser will obtain RMB 357,000,000 registered capital
of VRB China, and VRB China will be owned 51% by Purchaser (the &ldquo;<B>Target Equity</B>&rdquo;) and 49% by VRB Cayman;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#37492;&#20110;&#65292;&#22312;&#26412;&#21327;&#35758;&#26465;&#27454;&#21644;&#26465;&#20214;&#30340;&#32422;&#26463;&#19979;&#65292;&#20080;&#26041;&#24076;&#26395;&#65288;</FONT>1<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#20174;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#36141;&#20080;&#65292;&#19988;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#24076;&#26395;&#21521;&#20080;&#26041;&#20986;&#21806;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#30340;&#20154;&#27665;&#24065;</FONT>164,801,923.08<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20803;&#30340;&#27880;&#20876;&#36164;&#26412;&#65288;&#20197;&#19979;&#31616;&#31216;&ldquo;<B>&#36716;&#35753;&#26435;&#30410;</B>&rdquo;&#65289;&#65292;&#23545;&#24212;&#25130;&#33267;&#31614;&#32626;&#26085;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;</FONT>27.3077%<FONT STYLE="font-family: Times New Roman, Times, Serif">&#30340;&#32929;&#26435;&#65288;&#20197;&#19979;&#31616;&#31216;&ldquo;<B>&#32929;&#26435;&#36716;&#35753;</B>&rdquo;&#65289;&#65292;&#36141;&#20080;&#20215;&#26684;&#20026;</FONT>20,000,000<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#20803;&#65288;&#20197;&#19979;&#31616;&#31216;&ldquo;<B>&#36141;&#20080;&#20215;&#27454;</B>&rdquo;&#65289;&#65292;&#65288;</FONT>2<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#20316;&#20026;&#32929;&#26435;&#36716;&#35753;&#30340;&#19968;&#37096;&#20998;&#65292;</FONT>0<FONT STYLE="font-family: Times New Roman, Times, Serif">&#23545;&#20215;&#21463;&#35753;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#26410;&#23454;&#32564;&#27880;&#20876;&#36164;&#26412;&#20154;&#27665;&#24065;</FONT>95,698,076.92<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20803;&#65292;&#21363;&#21463;&#35753;&#35813;&#37096;&#20998;&#32929;&#26435;&#30340;&#20986;&#36164;&#26435;&#65292;&#65288;</FONT>3<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#21521;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#25237;&#36164;&#20154;&#27665;&#24065;</FONT>249,734,693.88<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20803;&#29992;&#20110;&#65288;</FONT>i<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#35748;&#36141;&#26032;&#22686;&#27880;&#20876;&#36164;&#26412;&#20154;&#27665;&#24065;</FONT>96,500,000.00<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20803;&#24182;&#19988;&#65288;</FONT>ii<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#23436;&#25104;&#25152;&#26377;&#21463;&#35753;&#32929;&#26435;&#12289;&#21463;&#35753;&#20986;&#36164;&#26435;&#20197;&#21450;&#20986;&#36164;&#32929;&#26435;&#37096;&#20998;&#30340;&#23454;&#32564;&#65288;&#20197;&#19979;&#31616;&#31216;&ldquo;<B>&#22686;&#36164;</B>&rdquo;&#65289;&#12290;&#21069;&#36848;&#32929;&#26435;&#36716;&#35753;&#21450;&#22686;&#36164;&#23436;&#25104;&#21518;&#20080;&#26041;&#23558;&#30001;&#27492;&#33719;&#24471;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#20154;&#27665;&#24065;</FONT>357,000,000<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20803;&#30340;&#27880;&#20876;&#36164;&#26412;&#65292;&#20174;&#32780;&#20351;&#24471;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#30340;&#32929;&#26435;&#23558;&#30001;&#20080;&#26041;&#25317;&#26377;</FONT>51%<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65288;&#20197;&#19979;&#31616;&#31216;&ldquo;<B>&#30446;&#26631;&#32929;&#26435;</B>&rdquo;&#65289;&#65292;&#30001;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#25317;&#26377;</FONT>49%<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">NOW, THEREFORE, in consideration
of the above premises and of the mutual covenants, conditions and agreements set forth herein and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the Parties, intending to be legally bound, hereby agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#20857;&#25454;&#19978;&#36848;&#21069;&#25552;&#21450;&#26412;&#21327;&#35758;&#25152;&#36848;&#20043;&#21508;&#39033;&#20114;&#32422;&#12289;&#26465;&#20214;&#21644;&#21327;&#35758;&#65292;&#20197;&#21450;&#20854;&#20182;&#33391;&#22909;&#19988;&#26377;&#20215;&#20540;&#30340;&#23545;&#20215;&#65292;&#20854;&#25910;&#21462;&#21450;&#20805;&#20998;&#24615;&#29305;&#27492;&#30830;&#35748;&#65292;&#21508;&#26041;&#26377;&#24847;&#25509;&#21463;&#27861;&#24459;&#32422;&#26463;&#65292;&#29305;&#27492;&#21516;&#24847;&#22914;&#19979;&#65306;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>Article&nbsp;I
</B></FONT><B><FONT STYLE="text-transform: uppercase"><BR>
definitions</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; text-transform: uppercase"><B>&#31532;&#19968;&#26465;</B></FONT><B><FONT STYLE="text-transform: uppercase"><BR>
 &#23450;&#20041;</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The following terms have
the following meanings as used in this Agreement:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#26412;&#21327;&#35758;&#20013;&#20351;&#29992;&#30340;&#19979;&#21015;&#26415;&#35821;&#20855;&#26377;&#19979;&#21015;&#21547;&#20041;&#65306;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Affiliate</B>&rdquo;
means, with respect to any specified Person, any other Person who, directly or indirectly, Controls, is Controlled by, or is under common
Control with such Person, including, without limitation, any general partner, managing member, officer, director or trustee of such Person,
or any venture capital fund or investment fund now or hereafter existing that is controlled by one or more general partners, managing
members or investment advisers of, or shares the same management company or investment adviser with, such Person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>&#20851;&#32852;&#26041;</B>&rdquo;&#23601;&#20219;&#20309;&#29305;&#23450;&#20154;&#22763;&#32780;&#35328;&#65292;&#26159;&#25351;&#30452;&#25509;&#25110;&#38388;&#25509;&#25511;&#21046;&#35813;&#20154;&#22763;&#12289;&#21463;&#35813;&#20154;&#22763;&#25511;&#21046;&#25110;&#19982;&#35813;&#20154;&#22763;&#21463;&#20849;&#21516;&#25511;&#21046;&#30340;&#20219;&#20309;&#20854;&#20182;&#20154;&#22763;&#65292;&#21253;&#25324;&#20294;&#19981;&#38480;&#20110;&#35813;&#20154;&#22763;&#30340;&#20219;&#20309;&#19968;&#33324;&#21512;&#20249;&#20154;&#12289;&#31649;&#29702;&#25104;&#21592;&#12289;&#39640;&#32423;&#32844;&#21592;&#12289;&#33891;&#20107;&#25110;&#21463;&#25176;&#20154;&#65292;&#25110;&#29616;&#22312;&#25110;&#20197;&#21518;&#23384;&#22312;&#30340;&#12289;&#21463;&#35813;&#20154;&#22763;&#30340;&#19968;&#20010;&#25110;&#22810;&#20010;&#19968;&#33324;&#21512;&#20249;&#20154;&#12289;&#31649;&#29702;&#25104;&#21592;&#25110;&#25237;&#36164;&#39038;&#38382;&#25511;&#21046;&#25110;&#19982;&#35813;&#20154;&#22763;&#20849;&#20139;&#21516;&#19968;&#31649;&#29702;&#20844;&#21496;&#25110;&#25237;&#36164;&#39038;&#38382;&#30340;&#20219;&#20309;&#39118;&#38505;&#25237;&#36164;&#22522;&#37329;&#25110;&#25237;&#36164;&#22522;&#37329;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>AMR</B>&rdquo;means
the Administration of Market Regulation of the PRC and/or its local counterparts, as applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>AMR</B>&rdquo;
 &#25351;&#20013;&#22269;&#24066;&#22330;&#30417;&#30563;&#31649;&#29702;&#24635;&#23616;&#21450;/&#25110;&#20854;&#24403;&#22320;&#20998;&#25903;&#65288;&#25353;&#36866;&#29992;&#24773;&#24418;&#65289;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Business</B>&rdquo;
means the vanadium redox flow battery systems business as conducted by VRB China as of the Execution Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>&#19994;&#21153;</B>&rdquo;&#25351;
</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#25130;&#33267;&#31614;&#32626;&#26085;&#24320;&#23637;&#30340;&#20840;&#38034;&#28082;&#27969;&#30005;&#27744;&#31995;&#32479;&#19994;&#21153;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Business Day</B>&rdquo;
means any day except Saturday, Sunday, or any other day on which commercial banks in Beijing, PRC are authorized or required by law to
be closed for business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>&ldquo;&#24037;&#20316;&#26085;&rdquo;</B></FONT>&#25351;&#38500;&#26143;&#26399;&#20845;&#12289;&#26143;&#26399;&#26085;&#25110;&#20013;&#22269;&#21271;&#20140;&#24066;&#30340;&#21830;&#19994;&#38134;&#34892;&#20381;&#27861;&#34987;&#25480;&#26435;&#25110;&#35201;&#27714;&#20572;&#27490;&#33829;&#19994;&#30340;&#20854;&#20182;&#26085;&#23376;&#20197;&#22806;&#30340;&#20219;&#20309;&#19968;&#22825;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>China ETA</B>&rdquo;
means an Equity Transfer and Capital Increase Agreement in the form attached hereto as <U>Exhibit&nbsp;D</U> to be executed and delivered
on the Execution Date by and among VRB China, VRB Cayman, and Purchaser that needs to be filed with the competent Governmental Authority
in China in order to effect the Equity Transfer and Capital Increase.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>&#20013;&#22269;</B></FONT><B>ETA</B><FONT STYLE="font-family: Times New Roman, Times, Serif">&rdquo;
 &#25351;&#30001;VRB&#20013;&#22269;&#12289;VRB&#24320;&#26364;&#21644;&#20080;&#26041;&#20043;&#38388;&#20110;&#31614;&#32626;&#26085;&#31614;&#32626;&#12289;&#20132;&#20184;&#30340;&#12289;&#22914;&#26412;&#21327;&#35758;<U>&#38468;&#20214;D</U>&#24418;&#24335;&#25152;&#31034;&#30340;&#32929;&#26435;&#36716;&#35753;&#21450;&#22686;&#36164;&#21327;&#35758;&#65292;&#35813;&#21327;&#35758;&#38656;&#21521;&#20013;&#22269;&#20027;&#31649;&#25919;&#24220;&#26426;&#20851;&#22791;&#26696;&#20197;&#23454;&#29616;&#32929;&#26435;&#36716;&#35753;&#21450;&#22686;&#36164;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Cooperation Agreement</B>&rdquo;
means a Cooperation Agreement in the form attached hereto as <U>Exhibit&nbsp;B</U> to be executed and delivered on the Execution Date
by and among VRB China, VRB Cayman, Purchaser, and VRB USA.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;
 &#12298;&#21512;&#20316;&#21327;&#35758;&#12299;&rdquo;&#25351;&#30001;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#12289;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#12289;&#20080;&#26041;&#21644;
</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#20110;&#31614;&#32626;&#26085;&#31614;&#32626;&#24182;&#20132;&#20184;&#30340;&#12289;&#20197;&#26412;&#21327;&#35758;<U>&#38468;&#20214;
</U></FONT><U>B</U><FONT STYLE="font-family: Times New Roman, Times, Serif">&#24418;&#24335;&#38468;&#38543;&#30340;&#21512;&#20316;&#21327;&#35758;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Control</B>&rdquo;
means, with respect to a Person, the power or authority, whether exercised or not, to direct the business, management and policies of
such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; provided, that such
power or authority shall conclusively be presumed to exist upon possession of beneficial ownership or power to direct the vote of more
than fifty percent (50%) of the votes entitled to be cast at a meeting of the members or shareholders of such Person or power to control
the composition of a majority of the board of directors of such Person. The terms &ldquo;<B>Controlled</B>&rdquo; and &ldquo;<B>Controlling</B>&rdquo;
have meanings correlative to the foregoing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;<B>&#25511;&#21046;</B>&rdquo;&#65292;&#23601;&#26576;&#19968;&#20154;&#22763;&#32780;&#35328;&#65292;&#25351;&#30452;&#25509;&#25110;&#38388;&#25509;&#20915;&#23450;&#35813;&#20154;&#22763;&#32463;&#33829;&#12289;&#31649;&#29702;&#21644;&#25919;&#31574;&#30340;&#26435;&#21147;&#25110;&#25480;&#26435;&#65292;&#26080;&#35770;&#26159;&#21542;&#34892;&#20351;&#65292;&#26080;&#35770;&#26159;&#21542;&#36890;&#36807;&#25317;&#26377;&#26377;&#25237;&#31080;&#26435;&#30340;&#35777;&#21048;&#12289;&#36890;&#36807;&#21512;&#21516;&#32422;&#23450;&#25110;&#20197;&#20854;&#20182;&#26041;&#24335;&#65307;&#20294;&#22312;&#25317;&#26377;&#21463;&#30410;&#25152;&#26377;&#26435;&#25110;&#26377;&#26435;&#22312;&#35813;&#20154;&#22763;&#25104;&#21592;&#25110;&#32929;&#19996;&#20250;&#19978;&#25351;&#23548;&#30334;&#20998;&#20043;&#20116;&#21313;&#65288;</FONT>50%<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#20197;&#19978;&#26377;&#34920;&#20915;&#26435;&#30340;&#31080;&#25968;&#25110;&#26377;&#26435;&#25511;&#21046;&#35813;&#20154;&#22763;&#33891;&#20107;&#20250;&#22823;&#22810;&#25968;&#25104;&#21592;&#32452;&#25104;&#26102;&#65292;&#24212;&#26368;&#32456;&#25512;&#23450;&#23384;&#22312;&#35813;&#31561;&#26435;&#21147;&#25110;&#25480;&#26435;&#12290;&ldquo;&#21463;&#25511;&#21046;&rdquo;&#21450;&#35813;&#35789;&#22312;&#33521;&#25991;&#25991;&#26412;&#20013;&#30340;&#20854;&#20182;&#21160;&#35789;&#24418;&#24577;&#24212;&#20855;&#26377;&#19978;&#36848;&#30456;&#20851;&#21547;&#20041;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Encumbrance</B>&rdquo;
means all mortgages, claims, charges, liens, encumbrances, easements, restrictions, options, pledges, calls, commitments, security interests,
and any other restrictions of any kind whatsoever (excluding the covenants, obligations, and restrictions in the Transaction Agreements).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&ldquo;<B>&#26435;&#21033;&#36127;&#25285;</B>&rdquo;
 &#25351;&#25152;&#26377;&#30340;&#25269;&#25276;&#12289;&#32034;&#36180;&#12289;&#25276;&#35760;&#12289;&#30041;&#32622;&#26435;&#12289;&#36127;&#25285;&#12289;&#22320;&#24441;&#26435;&#12289;&#38480;&#21046;&#12289;&#36873;&#25321;&#26435;&#12289;&#36136;&#25276;&#12289;&#24378;&#20080;&#26435;&#12289;&#25215;&#35834;&#12289;&#25285;&#20445;&#26435;&#30410;&#20197;&#21450;&#20854;&#20182;&#20219;&#20309;&#24418;&#24335;&#30340;&#38480;&#21046;&#65288;&#19981;&#21253;&#25324;&#20132;&#26131;&#21327;&#35758;&#20013;&#30340;&#22865;&#32422;&#12289;&#20041;&#21153;&#21644;&#38480;&#21046;&#65289;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Governmental Authority</B>&rdquo;
means (i)&nbsp;any national, state, regional, county, city, municipal or local government, whether foreign or domestic, (ii)&nbsp;governmental
or quasi-governmental authority of any nature, including any regulatory or administrative agency, commission, department, board, bureau,
court, tribunal, arbitrator, arbitral body, agency, branch, official entity or other administrative or regulatory body obtaining authority
from any of the foregoing, including courts, public utilities, sewer authorities and any supra-national organization, state, county,
city or other political subdivision, or (iii)&nbsp;any other Person, exercising or entitled to exercise, any administrative, executive,
judicial, legislative, police, regulatory or taxing authority or power of any nature.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;<B>&#25919;&#24220;&#26426;&#20851;</B>&rdquo;&#25351;&#65288;</FONT>i<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#20219;&#20309;&#22269;&#23478;&#12289;&#24030;&#12289;&#22320;&#21306;&#12289;&#21439;&#12289;&#24066;&#12289;&#24066;&#25919;&#25110;&#22320;&#26041;&#25919;&#24220;&#65292;&#19981;&#35770;&#26159;&#22806;&#22269;&#25919;&#24220;&#36824;&#26159;&#22269;&#20869;&#25919;&#24220;&#65292;&#65288;</FONT>ii<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#20219;&#20309;&#24615;&#36136;&#30340;&#25919;&#24220;&#25110;&#20934;&#25919;&#24220;&#26426;&#20851;&#65292;&#21253;&#25324;&#20219;&#20309;&#30417;&#31649;&#25110;&#34892;&#25919;&#26426;&#26500;&#12289;&#22996;&#21592;&#20250;&#12289;&#37096;&#38376;&#12289;&#33891;&#20107;&#20250;&#12289;&#23616;&#12289;&#27861;&#38498;&#12289;&#27861;&#24237;&#12289;&#20210;&#35009;&#21592;&#12289;&#20210;&#35009;&#26426;&#26500;&#12289;&#20195;&#29702;&#26426;&#26500;&#12289;&#20998;&#25903;&#26426;&#26500;&#12289;&#23448;&#26041;&#23454;&#20307;&#25110;&#20174;&#19978;&#36848;&#20219;&#20309;&#26426;&#26500;&#33719;&#24471;&#26435;&#21147;&#30340;&#20854;&#20182;&#34892;&#25919;&#25110;&#30417;&#31649;&#26426;&#26500;&#65292;&#21253;&#25324;&#27861;&#38498;&#12289;&#20844;&#20849;&#20107;&#19994;&#12289;&#27745;&#27700;&#22788;&#29702;&#37096;&#38376;&#21644;&#20219;&#20309;&#36229;&#22269;&#23478;&#32452;&#32455;&#12289;&#24030;&#12289;&#21439;&#12289;&#24066;&#25110;&#20854;&#20182;&#25919;&#27835;&#20998;&#25903;&#26426;&#26500;&#65292;&#25110;
 &#65288;</FONT>iii<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#34892;&#20351;&#25110;&#26377;&#26435;&#34892;&#20351;&#20219;&#20309;&#24615;&#36136;&#30340;&#31649;&#29702;&#12289;&#34892;&#25919;&#12289;&#21496;&#27861;&#12289;&#31435;&#27861;&#12289;&#35686;&#23519;&#12289;&#30417;&#31649;&#25110;&#31246;&#25910;&#32844;&#26435;&#25110;&#26435;&#21147;&#30340;&#20219;&#20309;&#20854;&#20182;&#20154;&#22763;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>IE Beijing</B>&rdquo;
means Ivanhoe Electric Technology (Beijing) Co.,&nbsp;Ltd., a company registered in Beijing, PRC and existing under the laws of the PRC
and an Affiliate of VRB Cayman.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;</FONT><B>IE<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21271;&#20140;</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif">&rdquo;&#25351;&#33406;&#33452;&#35946;&#30005;&#27668;&#25216;&#26415;&#65288;&#21271;&#20140;&#65289;&#26377;&#38480;&#20844;&#21496;&#65292;&#35813;&#20844;&#21496;&#22312;&#20013;&#22269;&#21271;&#20140;&#27880;&#20876;&#25104;&#31435;&#65292;&#20381;&#29031;&#20013;&#22269;&#27861;&#24459;&#23384;&#32493;&#65292;&#26159;VRB&#24320;&#26364;&#30340;&#20851;&#32852;&#26041;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B><U>Indebtedness</U></B>&rdquo;
means, without duplication, as of any particular time, (i)&nbsp;the amount of all indebtedness for borrowed money of VRB China and its
Subsidiaries (including any unpaid principal, premium, accrued and unpaid interest, related expenses, prepayment penalties, commitment
and other fees, reimbursements, indemnities and all other amounts payable in connection therewith), (ii)&nbsp;Liabilities of VRB China
and its Subsidiaries evidenced by bonds, debentures, notes, or other similar instruments or debt securities, (iii)&nbsp;Liabilities of
VRB China and its Subsidiaries to pay the deferred purchase price of property or services other than trade payables incurred in the ordinary
course of business consistent with past practice, (iv)&nbsp;all Liabilities of VRB China and its Subsidiaries arising out of interest
rate and currency swap arrangements and any other arrangements designed to provide protection against fluctuations in interest or currency
rates, (v)&nbsp;any deferred purchase price Liabilities related to past acquisitions of VRB China or any of its Subsidiaries, (vi)&nbsp;all
indebtedness in the nature of guarantees of the obligations of other Persons described in the immediately preceding clauses (i)&nbsp;through
(v).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>&#20538;&#21153;</B>&rdquo;&#25351;&#22312;&#20219;&#20309;&#29305;&#23450;&#26102;&#38388;&#65292;&#19981;&#37325;&#22797;&#22320;&#65292;&#65288;</FONT>i<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#21450;&#20854;&#38468;&#23646;&#20844;&#21496;&#30340;&#25152;&#26377;&#20511;&#27454;&#20538;&#21153;&#37329;&#39069;&#65288;&#21253;&#25324;&#20219;&#20309;&#26410;&#20184;&#26412;&#37329;&#12289;&#28322;&#20215;&#12289;&#24212;&#35745;&#21450;&#26410;&#20184;&#21033;&#24687;&#12289;&#30456;&#20851;&#36153;&#29992;&#12289;&#39044;&#20184;&#32602;&#37329;&#12289;&#25215;&#35834;&#36153;&#21450;&#20854;&#20182;&#36153;&#29992;&#12289;&#20607;&#20184;&#27454;&#12289;&#36180;&#20607;&#37329;&#20197;&#21450;&#19982;&#27492;&#30456;&#20851;&#30340;&#25152;&#26377;&#20854;&#20182;&#24212;&#20184;&#27454;&#39033;&#65289;&#65292;&#65288;</FONT>ii<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#21450;&#20854;&#38468;&#23646;&#20844;&#21496;&#20197;&#20538;&#21048;&#12289;&#20538;&#26435;&#12289;&#31080;&#25454;&#25110;&#20854;&#20182;&#31867;&#20284;&#31080;&#25454;&#25110;&#20538;&#21153;&#35777;&#21048;&#20026;&#20973;&#35777;&#30340;&#36127;&#20538;&#65292;&#65288;</FONT>iii<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#21450;&#20854;&#23376;&#20844;&#21496;&#20026;&#25903;&#20184;&#36130;&#20135;&#25110;&#26381;&#21153;&#30340;&#36882;&#24310;&#36141;&#20080;&#20215;&#26684;&#32780;&#20135;&#29983;&#30340;&#36127;&#20538;&#65292;&#20294;&#22312;&#27491;&#24120;&#19994;&#21153;&#36807;&#31243;&#20013;&#25353;&#29031;&#20197;&#24448;&#24815;&#20363;&#20135;&#29983;&#30340;&#24212;&#20184;&#36134;&#27454;&#38500;&#22806;&#65307;&#65288;</FONT>iv<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#21450;&#20854;&#23376;&#20844;&#21496;&#22240;&#21033;&#29575;&#21644;&#36135;&#24065;&#20114;&#25442;&#23433;&#25490;&#20197;&#21450;&#26088;&#22312;&#25552;&#20379;&#21033;&#29575;&#25110;&#36135;&#24065;&#27874;&#21160;&#20445;&#25252;&#30340;&#20219;&#20309;&#20854;&#20182;&#23433;&#25490;&#32780;&#20135;&#29983;&#30340;&#25152;&#26377;&#36127;&#20538;&#65307;&#65288;</FONT>v<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#19982;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#25110;&#20854;&#20219;&#20309;&#23376;&#20844;&#21496;&#36807;&#21435;&#30340;&#25910;&#36141;&#30456;&#20851;&#30340;&#20219;&#20309;&#36882;&#24310;&#25910;&#36141;&#20215;&#26684;&#36127;&#20538;&#65292;&#65288;</FONT>vi<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#20026;&#32039;&#25509;&#21069;&#38754;&#31532;</FONT>(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#33267;</FONT>(v)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#39033;&#25152;&#36848;&#20854;&#20182;&#20154;&#22763;&#30340;&#20538;&#21153;&#25552;&#20379;&#25285;&#20445;&#24615;&#36136;&#30340;&#25152;&#26377;&#20538;&#21153;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Intellectual Property</B>&rdquo;
means any of the following: (i)&nbsp;trademarks, service marks, trade names, and similar indicia of source or origin, all registrations
and applications for registration thereof, and the goodwill connected with the use of and symbolized by the foregoing; (ii)&nbsp;copyrights
and all registrations and applications for registration thereof; (iii)&nbsp;trade secrets and know-how; (iv)&nbsp;patents and patent
applications; (v)&nbsp;internet domain name registrations; and (vi)&nbsp;other intellectual property and related proprietary rights.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>&#30693;&#35782;&#20135;&#26435;</B>&rdquo;&#25351;&#20197;&#19979;&#20219;&#20309;&#19968;&#39033;&#65306;&#65288;</FONT>i<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#21830;&#26631;&#12289;&#26381;&#21153;&#26631;&#35760;&#12289;&#21830;&#19994;&#21517;&#31216;&#21644;&#31867;&#20284;&#30340;&#26469;&#28304;&#25110;&#21407;&#20135;&#22320;&#26631;&#35760;&#12289;&#25152;&#26377;&#27880;&#20876;&#21644;&#27880;&#20876;&#30003;&#35831;&#12289;&#20197;&#21450;&#19982;&#20351;&#29992;&#21069;&#36848;&#20869;&#23481;&#26377;&#20851;&#24182;&#30001;&#21069;&#36848;&#20869;&#23481;&#35937;&#24449;&#30340;&#21830;&#35465;&#65307;&#65288;</FONT>ii<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#33879;&#20316;&#26435;&#20197;&#21450;&#25152;&#26377;&#27880;&#20876;&#21644;&#27880;&#20876;&#30003;&#35831;&#65307;&#65288;</FONT>iii<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#21830;&#19994;&#31192;&#23494;&#21644;&#19987;&#26377;&#25216;&#26415;&#65307;&#65288;</FONT>iv<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#19987;&#21033;&#21644;&#19987;&#21033;&#30003;&#35831;&#65307;&#65288;</FONT>v<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#20114;&#32852;&#32593;&#22495;&#21517;&#27880;&#20876;&#65307;&#20197;&#21450;&#65288;</FONT>vi<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#20854;&#20182;&#30693;&#35782;&#20135;&#26435;&#21644;&#30456;&#20851;&#19987;&#26377;&#26435;&#21033;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Joint Venture Agreement</B>&rdquo;
means a Joint Venture Agreement in the form attached hereto as <U>Exhibit&nbsp;A</U> to be executed and delivered on the Execution Date
by and among VRB China, VRB Cayman, and Purchaser.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;
<B>&#12298;&#21512;&#36164;&#21327;&#35758;&#12299;</B>&rdquo;&#25351;</FONT>VRB <FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#12289;</FONT>VRB
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#21644;&#20080;&#26041;&#20110;&#31614;&#32626;&#26085;&#31614;&#32626;&#24182;&#20132;&#20184;&#30340;&#12289;&#20197;&#26412;&#21327;&#35758;<U>&#38468;&#20214;
</U></FONT><U>A</U><FONT STYLE="font-family: Times New Roman, Times, Serif">&#24418;&#24335;&#38468;&#38543;&#30340;&#21512;&#36164;&#21327;&#35758;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Knowledge</B>,&rdquo;
including the phrase &ldquo;<B>to the Seller Parties&rsquo; Knowledge</B>,&rdquo; means the actual knowledge of any officer of VRB China.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>&#30693;&#35782;</B>&rdquo;&#65292;&#21253;&#25324;&ldquo;<B>&#25454;&#21334;&#26041;&#20840;&#20307;&#25152;&#30693;</B>&rdquo;&#19968;&#35789;&#65292;&#25351;VRB&#20013;&#22269;&#20219;&#20309;&#39640;&#32423;&#32844;&#21592;&#30340;&#23454;&#38469;&#30693;&#35782;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Law</B>&rdquo;
means all applicable federal, state, local, municipal, tribal and foreign laws (statutory or common), rules, ordinances, regulations,
grants, concessions, franchises, licenses, orders, directives, judgments, decrees, and other governmental restrictions, including permits
and other similar requirements, whether legislative, municipal, administrative or judicial in nature applicable to the Parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>&#27861;&#24459;</B>&rdquo;&#26159;&#25351;&#25152;&#26377;&#36866;&#29992;&#30340;&#32852;&#37030;&#12289;&#24030;&#12289;&#22320;&#26041;&#12289;&#24066;&#12289;&#37096;&#33853;&#21644;&#22806;&#22269;&#27861;&#24459;&#65288;&#25104;&#25991;&#27861;&#25110;&#26222;&#36890;&#27861;&#65289;&#12289;&#35268;&#21017;&#12289;&#27861;&#20196;&#12289;&#27861;&#35268;&#12289;&#25209;&#20934;&#12289;&#29305;&#35768;&#26435;&#12289;&#29305;&#35768;&#32463;&#33829;&#26435;&#12289;&#35768;&#21487;&#35777;&#12289;&#21629;&#20196;&#12289;&#25351;&#20196;&#12289;&#21028;&#20915;&#12289;&#27861;&#20196;&#21644;&#20854;&#20182;&#25919;&#24220;&#38480;&#21046;&#65292;&#21253;&#25324;&#35768;&#21487;&#21644;&#20854;&#20182;&#31867;&#20284;&#35201;&#27714;&#65292;&#26080;&#35770;&#26159;&#31435;&#27861;&#12289;&#24066;&#12289;&#34892;&#25919;&#36824;&#26159;&#21496;&#27861;&#24615;&#36136;&#30340;&#65292;&#22343;&#36866;&#29992;&#20110;&#21508;&#26041;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>Liabilities</B>&rdquo;
means liabilities, debts or other obligations of any nature, whether known or unknown, absolute, accrued, contingent, liquidated, unliquidated
or otherwise, due or to become due or otherwise, and whether or not required to be reflected on a balance sheet prepared in accordance
with PRC GAAP</FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>&#36127;&#20538;</B>&rdquo;&#26159;&#25351;&#20219;&#20309;&#24615;&#36136;&#30340;&#36127;&#20538;&#12289;&#20538;&#21153;&#25110;&#20854;&#20182;&#20041;&#21153;&#65292;&#19981;&#35770;&#20854;&#20026;&#24050;&#30693;&#25110;&#26410;&#30693;&#12289;&#32477;&#23545;&#12289;&#24212;&#35745;&#12289;&#25110;&#26377;&#12289;&#24050;&#28165;&#31639;&#12289;&#26410;&#28165;&#31639;&#25110;&#20854;&#20182;&#12289;&#21040;&#26399;&#25110;&#23558;&#21040;&#26399;&#25110;&#20854;&#20182;&#65292;&#20063;&#19981;&#35770;&#26159;&#21542;&#38656;&#35201;&#21453;&#26144;&#22312;&#26681;&#25454;&#20013;&#22269;&#20844;&#35748;&#20250;&#35745;&#20934;&#21017;&#32534;&#21046;&#30340;&#36164;&#20135;&#36127;&#20538;&#34920;&#20013;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Material Adverse
Effect</B>&rdquo; means any event, occurrence, fact, condition or change that is, or could reasonably be expected to become, individually
or in the aggregate, materially adverse to (a)&nbsp;the business, results of operations, condition (financial or otherwise) or assets
of the Business, (b)&nbsp;the value of the Target Equity, or (c)&nbsp;the ability of the Seller Parties to consummate the transactions
contemplated hereby; provided, however, that &ldquo;Material Adverse Effect&rdquo; shall not include any event, occurrence, fact, condition
or change, directly or indirectly, arising out of or attributable to: (i)&nbsp;general economic or political conditions; (ii)&nbsp;conditions
generally affecting the industry in which the Business operates; (iii)&nbsp;any changes in financial or securities markets in general;
(iv)&nbsp;acts of war (whether or not declared), armed hostilities or terrorism, or the escalation or worsening thereof; (v)&nbsp;any
action required or permitted by this Agreement; (vi)&nbsp;any changes in applicable laws, regulations, or rules; or (vii)&nbsp;the public
announcement, pendency or completion of the transactions contemplated by this Agreement; provided further, however, that any event, occurrence,
fact, condition or change referred to in clauses (i)&nbsp;through (iii)&nbsp;immediately above shall be taken into account in determining
whether a Material Adverse Effect has occurred or could reasonably be expected to occur to the extent that such event, occurrence, fact,
condition or change has a disproportionate effect on the Business compared to other participants in the industry in which the Business
operates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;<B>&#37325;&#22823;&#19981;&#21033;&#24433;&#21709;</B>&rdquo;&#25351;&#20219;&#20309;&#20107;&#20214;&#12289;&#24773;&#20917;&#12289;&#20107;&#23454;&#12289;&#26465;&#20214;&#25110;&#21464;&#21270;&#65292;&#20854;&#21333;&#29420;&#25110;&#24635;&#20307;&#19978;&#23545;&#65288;</FONT>a<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#20225;&#19994;&#30340;&#19994;&#21153;&#12289;&#32463;&#33829;&#25104;&#26524;&#12289;&#29366;&#20917;&#65288;&#36130;&#21153;&#25110;&#20854;&#20182;&#65289;&#25110;&#36164;&#20135;&#65292;&#65288;</FONT>b<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#30446;&#26631;&#32929;&#26435;&#30340;&#20215;&#20540;&#65292;&#25110;&#65288;</FONT>c<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#21334;&#26041;&#20840;&#20307;&#23436;&#25104;&#26412;&#21327;&#35758;&#25152;&#36848;&#20132;&#26131;&#30340;&#33021;&#21147;&#36896;&#25104;&#37325;&#22823;&#19981;&#21033;&#24433;&#21709;&#65292;&#25110;&#21487;&#21512;&#29702;&#39044;&#26399;&#20250;&#36896;&#25104;&#37325;&#22823;&#19981;&#21033;&#24433;&#21709;&#65307;&#20294;&#26159;&#65292;</FONT>&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#37325;&#22823;&#19981;&#21033;&#24433;&#21709;</FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#19981;&#21253;&#25324;&#30452;&#25509;&#25110;&#38388;&#25509;&#30001;&#20197;&#19979;&#22240;&#32032;&#24341;&#36215;&#25110;&#21487;&#24402;&#22240;&#20110;&#20197;&#19979;&#22240;&#32032;&#30340;&#20219;&#20309;&#20107;&#20214;&#12289;&#24773;&#20917;&#12289;&#20107;&#23454;&#12289;&#26465;&#20214;&#25110;&#21464;&#21270;&#65306;&#65288;</FONT>i<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#19968;&#33324;&#32463;&#27982;&#25110;&#25919;&#27835;&#26465;&#20214;&#65307;&#65288;</FONT>ii<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#19968;&#33324;&#24433;&#21709;&#20225;&#19994;&#25152;&#22312;&#34892;&#19994;&#30340;&#26465;&#20214;&#65307;&#65288;</FONT>iii<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#19968;&#33324;&#37329;&#34701;&#25110;&#35777;&#21048;&#24066;&#22330;&#30340;&#20219;&#20309;&#21464;&#21270;&#65307;&#65288;</FONT>iv<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#25112;&#20105;&#34892;&#20026;&#65288;&#26080;&#35770;&#26159;&#21542;&#23459;&#24067;&#65289;&#12289;&#27494;&#35013;&#25932;&#23545;&#34892;&#20026;&#25110;&#24656;&#24598;&#20027;&#20041;&#34892;&#20026;&#65292;&#25110;&#27492;&#31867;&#34892;&#20026;&#30340;&#21319;&#32423;&#25110;&#24694;&#21270;&#65307;&#65288;</FONT>v<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#26412;&#21327;&#35758;&#35201;&#27714;&#25110;&#20801;&#35768;&#30340;&#20219;&#20309;&#34892;&#21160;&#65307;&#65288;</FONT>vi<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#36866;&#29992;&#27861;&#24459;&#12289;&#27861;&#35268;&#25110;&#35268;&#21017;&#30340;&#20219;&#20309;&#21464;&#21270;&#65307;&#65288;</FONT>vii<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#26412;&#21327;&#35758;&#25152;&#36848;&#20132;&#26131;&#30340;&#20844;&#24320;&#23459;&#24067;&#12289;&#26410;&#20915;&#25110;&#23436;&#25104;&#65307;&#20294;&#26159;&#65292;&#22312;&#30830;&#23450;&#26159;&#21542;&#21457;&#29983;&#37325;&#22823;&#19981;&#21033;&#24433;&#21709;&#25110;&#26159;&#21542;&#21487;&#20197;&#21512;&#29702;&#39044;&#26399;&#21457;&#29983;&#37325;&#22823;&#19981;&#21033;&#24433;&#21709;&#26102;&#65292;&#24212;&#32771;&#34385;&#19978;&#36848;&#31532;&#65288;</FONT>i<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#33267;&#65288;</FONT>iii<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#26465;&#20013;&#25552;&#21450;&#30340;&#20219;&#20309;&#20107;&#20214;&#12289;&#21457;&#29983;&#12289;&#20107;&#23454;&#12289;&#26465;&#20214;&#25110;&#21464;&#21270;
 &#65292;&#21482;&#35201;&#35813;&#31561;&#20107;&#20214;&#12289;&#21457;&#29983;&#12289;&#20107;&#23454;&#12289;&#26465;&#20214;&#25110;&#21464;&#21270;&#23545;&#19994;&#21153;&#30340;&#24433;&#21709;&#19982;&#19994;&#21153;&#25152;&#22788;&#34892;&#19994;&#30340;&#20854;&#20182;&#21442;&#19982;&#32773;&#30456;&#27604;&#19981;&#25104;&#27604;&#20363;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Mutual Account</B>&rdquo;
means a bank account held with a bank in China that is selected and agreed upon by the Parties for their mutual benefit, with Purchaser
as the account holder and IE Beijing as the supervising party, and that requires the approval of an authorized representative from each
of Purchaser and IE Beijing to direct the bank to make transfers or withdrawals from the account.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>&#20849;&#21516;&#36134;&#25143;</B>&rdquo;&#25351;&#21508;&#26041;&#20026;&#20849;&#21516;&#21033;&#30410;&#32780;&#36873;&#23450;&#24182;&#21516;&#24847;&#22312;&#20013;&#22269;&#30340;&#19968;&#23478;&#38134;&#34892;&#24320;&#35774;&#30340;&#38134;&#34892;&#36134;&#25143;&#65292;&#20197;&#20080;&#26041;&#20026;&#36134;&#25143;&#25345;&#26377;&#20154;&#65292;</FONT>IE<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21271;&#20140;&#20026;&#30417;&#30563;&#26041;&#65292;&#19988;&#35813;&#36134;&#25143;&#38656;&#35201;&#20080;&#26041;&#21644;</FONT>IE<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21271;&#20140;&#21508;&#33258;&#19968;&#21517;&#25480;&#26435;&#20195;&#34920;&#30340;&#25209;&#20934;&#25165;&#33021;&#25351;&#31034;&#38134;&#34892;&#20174;&#35813;&#36134;&#25143;&#36827;&#34892;&#36716;&#36134;&#25110;&#25552;&#27454;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Mutual Account
Instructions</B>&rdquo; means joint written instructions in form and substance mutually agreed upon by the Parties, directing the bank
to transfer from the Mutual Account the first payment of the Purchase Price to VRB Cayman as provided in <U>Section&nbsp;2.6</U>, but
only after Purchaser withholds and pays from the account the Withholding Taxes payable with respect to the transactions contemplated
by this Agreement as provided in <U>Section&nbsp;2.8</U> and the applicable stamp duties as provided in <U>Section&nbsp;2.9</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>&#20849;&#21516;&#36134;&#25143;&#25351;&#31034;</B>&rdquo;&#25351;&#21508;&#26041;&#20197;&#20849;&#21516;&#21830;&#23450;&#30340;&#24418;&#24335;&#21644;&#20869;&#23481;&#24418;&#25104;&#30340;&#32852;&#21512;&#20070;&#38754;&#25351;&#31034;&#65292;&#25351;&#31034;&#38134;&#34892;&#26681;&#25454;<U>&#31532;</U></FONT><U>2.6<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;</FONT></U><FONT STYLE="font-family: Times New Roman, Times, Serif">&#30340;&#35268;&#23450;&#20174;&#20849;&#21516;&#36134;&#25143;&#20013;&#23558;&#39318;&#31508;&#36141;&#20080;&#20215;&#27454;&#36716;&#32473;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#65292;&#20294;&#21069;&#25552;&#26159;&#20080;&#26041;&#26681;&#25454;<U>&#31532;</U></FONT><U>2.8<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;</FONT></U><FONT STYLE="font-family: Times New Roman, Times, Serif">&#30340;&#35268;&#23450;&#20174;&#36134;&#25143;&#20013;&#39044;&#25187;&#24182;&#25903;&#20184;&#19982;&#26412;&#21327;&#35758;&#25152;&#36848;&#20132;&#26131;&#26377;&#20851;&#30340;&#24212;&#20184;&#39044;&#25187;&#31246;&#20197;&#21450;&#26681;&#25454;<U>&#31532;</U></FONT><U>2.9<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;</FONT></U><FONT STYLE="font-family: Times New Roman, Times, Serif">&#30340;&#35268;&#23450;&#32564;&#32435;&#36866;&#29992;&#30340;&#21360;&#33457;&#31246;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Payment Schedule</B>&rdquo;
means the schedule of Purchase Price payments and Capital Increase payments to be made by Purchaser as set forth on <U>Schedule I</U>
attached hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>&#20184;&#27454;&#26102;&#38388;&#34920;</B>&rdquo;&#25351;&#26412;&#21327;&#35758;<U>&#38468;&#34920;</U></FONT><U>I</U><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#35268;&#23450;&#30340;&#20080;&#26041;&#24212;&#25903;&#20184;&#30340;&#36141;&#20080;&#20215;&#27454;&#21644;&#22686;&#36164;&#27454;&#30340;&#26102;&#38388;&#34920;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Person</B>&rdquo;
means any individual, corporation, partnership, trust, limited liability company, association or other entity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>&#20154;&#22763;</B>&rdquo;&#26159;&#25351;&#20219;&#20309;&#20010;&#20154;&#12289;&#20844;&#21496;&#12289;&#21512;&#20249;&#12289;&#20449;&#25176;&#12289;&#26377;&#38480;&#36131;&#20219;&#20844;&#21496;&#12289;&#21327;&#20250;&#25110;&#20854;&#20182;&#23454;&#20307;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>PRC</B>&rdquo;
means the People&rsquo;s Republic of China.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;</FONT><B>PRC<FONT STYLE="font-family: Times New Roman, Times, Serif">&rdquo;</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#25351;&#20013;&#21326;&#20154;&#27665;&#20849;&#21644;&#22269;&#25110;&#20013;&#22269;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Related Party</B>&rdquo;
of any Person shall mean any director, five percent (5%) equity holder, or Affiliate of such Person, or of any of its Subsidiaries, or
any relative of such a director, equity holder, or Affiliate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;<B>&#30456;&#20851;&#26041;</B>&rdquo;&#25351;&#26576;&#20154;&#22763;&#25110;&#20854;&#20219;&#20309;&#23376;&#20844;&#21496;&#30340;&#20219;&#20309;&#33891;&#20107;&#12289;&#30334;&#20998;&#20043;&#20116;&#65288;</FONT>5<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65285;&#65289;&#30340;&#32929;&#26435;&#25345;&#26377;&#20154;&#25110;&#20851;&#32852;&#26041;&#65292;&#25110;&#35813;&#33891;&#20107;&#12289;&#32929;&#26435;&#25345;&#26377;&#20154;&#25110;&#20851;&#32852;&#26041;&#30340;&#20219;&#20309;&#20146;&#23646;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Subsidiary</B>&rdquo;
of any Person shall mean any corporation, partnership, limited liability company, or other organization or entity, whether incorporated
or unincorporated, which is directly or indirectly Controlled by such Person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>&#23376;&#20844;&#21496;</B>&rdquo;&#25351;&#30001;&#26576;&#20154;&#22763;&#30452;&#25509;&#25110;&#38388;&#25509;&#25511;&#21046;&#30340;&#20219;&#20309;&#20844;&#21496;&#12289;&#21512;&#20249;&#20225;&#19994;&#12289;&#26377;&#38480;&#36131;&#20219;&#20844;&#21496;&#25110;&#20854;&#20182;&#32452;&#32455;&#25110;&#23454;&#20307;&#65288;&#26080;&#35770;&#20854;&#26159;&#21542;&#27880;&#20876;&#65289;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Transaction Agreements</B>&rdquo;
means this Agreement, the Joint Venture Agreement, the Cooperation Agreement, the Transition Plan, and the China ETA.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>&#20132;&#26131;&#21327;&#35758;</B>&rdquo;&#25351;&#26412;&#21327;&#35758;&#12289;&#12298;&#21512;&#36164;&#21327;&#35758;&#12299;&#12289;&#12298;&#21512;&#20316;&#21327;&#35758;&#12299;&#12289;&#36807;&#28193;&#35745;&#21010;&#21644;&#20013;&#22269;ETA&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Transition Plan</B>&rdquo;
means the plan for transition of the Business in the form attached hereto as <U>Exhibit&nbsp;C</U> to be executed and delivered on the
Execution Date by and among VRB China, VRB Cayman, Purchaser, and VRB USA.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>&#36807;&#28193;&#35745;&#21010;</B>&rdquo;&#25351;&#20197;&#26412;&#21327;&#35758;<U>&#38468;&#20214;
C</U>&#24418;&#24335;&#38468;&#38543;&#30340;&#19994;&#21153;&#36807;&#28193;&#35745;&#21010;&#65292;&#35813;&#35745;&#21010;&#23558;&#30001;VRB&#20013;&#22269;&#12289;VRB&#24320;&#26364;&#12289;&#20080;&#26041;&#21644;
VRB&#32654;&#22269;&#20110;&#31614;&#32626;&#26085;&#31614;&#32626;&#24182;&#20132;&#20184;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Withholding Tax</B>&rdquo;
means the non-resident enterprise income (capital gain) withholding tax as addressed by the competent PRC Governmental Authority.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>&#39044;&#25187;&#31246;</B>&rdquo;&#25351;&#20013;&#22269;&#25919;&#24220;&#20027;&#31649;&#37096;&#38376;&#35268;&#23450;&#30340;&#38750;&#23621;&#27665;&#20225;&#19994;&#25152;&#24471;&#31246;&#65288;&#36164;&#26412;&#21033;&#24471;&#65289;&#39044;&#25187;&#31246;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>VRB USA</B>&rdquo;
means VRB Energy USA,&nbsp;Inc., a Delaware corporation and wholly-owned subsidiary of VRB Cayman.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;</FONT><B>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif">&rdquo;&#25351;VRB
Energy USA, Inc.&#65292;&#19968;&#23478;&#29305;&#25289;&#21326;&#24030;&#20844;&#21496;&#65292;&#26159;VRB&#24320;&#26364;&#30340;&#20840;&#36164;&#23376;&#20844;&#21496;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Article&nbsp;II<BR>
Equity Transfer and Capital Increase</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; text-transform: uppercase"><B>&#31532;&#20108;&#26465;</B></FONT><B><FONT STYLE="text-transform: uppercase"><BR>
 &#32929;&#26435;&#36716;&#35753;&#21450;&#22686;&#36164;</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2.1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Equity
Transfer</B>. Subject to the terms and conditions of this Agreement, effective as of the Control Acquisition Date, Purchaser hereby agrees
to purchase from VRB Cayman, and VRB Cayman hereby agrees to sell to Purchaser the Transferred Interests for the Purchase Price as the
consideration for the Equity Transfer. The Purchase Price shall be paid by Purchaser to VRB Cayman by wire transfer of immediately available
United States Dollars, with fifty percent (50%) paid from the Mutual Account as soon as lawfully possible following the Control Acquisition
Date as provided in <U>Section 2.6</U>, but only after Purchaser withholds and pays from the account the Withholding Taxes payable with
respect to the transactions contemplated by this Agreement as provided in <U>Section 2.8</U> and the applicable stamp duties as provided
in <U>Section 2.9</U>, and the remaining portion of the Purchase Price shall be paid as set out on the Payment Schedule.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2.1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#32929;&#26435;&#36716;&#35753;&#12290;</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#22312;&#36981;&#23432;&#26412;&#21327;&#35758;&#26465;&#27454;&#21644;&#26465;&#20214;&#30340;&#24773;&#20917;&#19979;&#65292;&#33258;&#25511;&#21046;&#26435;&#21462;&#24471;&#26085;&#36215;&#65292;&#20080;&#26041;&#21516;&#24847;&#20174;VRB&#24320;&#26364;&#36141;&#20080;&#65292;&#32780;VRB&#24320;&#26364;&#21516;&#24847;&#21521;&#20080;&#26041;&#20986;&#21806;&#36716;&#35753;&#26435;&#30410;&#65292;&#36141;&#20080;&#20215;&#27454;&#20026;&#32929;&#26435;&#36716;&#35753;&#30340;&#23545;&#20215;&#12290;&#20080;&#26041;&#24212;&#36890;&#36807;&#30005;&#27719;&#31435;&#21363;&#21487;&#29992;&#30340;&#32654;&#20803;&#21521;VRB&#24320;&#26364;&#25903;&#20184;&#36141;&#20080;&#20215;&#27454;&#65292;&#20854;&#20013;&#30334;&#20998;&#20043;&#20116;&#21313;&#65288;50&#65285;&#65289;&#24212;&#26681;&#25454;<U>&#31532;2.6&#26465;</U>&#35268;&#23450;&#22312;&#25511;&#21046;&#26435;&#21462;&#24471;&#26085;&#21518;&#22312;&#27861;&#24459;&#20801;&#35768;&#30340;&#33539;&#22260;&#20869;&#23613;&#24555;&#22320;&#20174;&#20849;&#21516;&#36134;&#25143;&#25903;&#20184;&#65292;&#20294;&#21482;&#26377;&#22312;&#20080;&#26041;&#25353;&#29031;<U>&#31532;2.8&#26465;</U>&#30340;&#35268;&#23450;&#20174;&#36134;&#25143;&#20013;&#39044;&#25187;&#24182;&#25903;&#20184;&#20102;&#19982;&#26412;&#21327;&#35758;&#25311;&#36827;&#34892;&#30340;&#20132;&#26131;&#26377;&#20851;&#30340;&#24212;&#20184;&#39044;&#25187;&#31246;&#20197;&#21450;&#25353;&#29031;<U>&#31532;2.9&#26465;</U>&#30340;&#35268;&#23450;&#25903;&#20184;&#20102;&#36866;&#29992;&#30340;&#21360;&#33457;&#31246;&#20043;&#21518;&#25165;&#25903;&#20184;&#65292;&#36141;&#20080;&#20215;&#27454;&#30340;&#21097;&#20313;&#37096;&#20998;&#25353;&#29031;&#20184;&#27454;&#26102;&#38388;&#34920;&#30340;&#35268;&#23450;&#25903;&#20184;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2.2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Capital
Increase</B></FONT>. Subject to the terms and conditions of this Agreement, upon the Control Acquisition Date, in addition to the Purchase
Price paid by the Purchaser to VRB Cayman pursuant to terms and conditions of this Agreement, Purchaser shall invest in VRB China a total
sum of TWO HUNDRED FORTY-NINE MILLION, SEVEN HUNDRED THIRTY-FOUR THOUSAND, SIX HUNDRED NINETY-THREE AND 88/100 RENMINBI (&yen;249,734,693.88)
to (i) subscribe for newly issued RMB 96,500,000.00 registered capital and (ii) pay the capital contribution for the transferred equity
interests, transferred right to make capital contribution and the contributed equity interests. The Capital Increase shall be paid by
Purchaser to VRB China by wire transfer of immediately available renminbi, with NINETY MILLION AND NO/100 RENMINBI (&yen;90,000,000.00)
paid prior to or on the Control Acquisition Date as provided in <U>Section 2.5.2</U> and the remaining portion of the Capital Increase
paid as set out on the Payment Schedule. Purchaser, in its sole discretion, may prepay any portion of the Capital Increase without penalty
or interest, and any such prepayment will be applied to, and reduce, the subsequent Capital Increase payment obligations in chronological
order.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2.2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#22686;&#36164;&#12290;</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26681;&#25454;&#26412;&#21327;&#35758;&#30340;&#26465;&#27454;&#21450;&#26465;&#20214;&#65292;&#22312;&#25511;&#21046;&#26435;&#21462;&#24471;&#26085;&#65292;&#38500;&#21521;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#25353;&#29031;&#26412;&#21327;&#35758;&#32422;&#23450;&#25903;&#20184;&#36141;&#20080;&#20215;&#27454;&#22806;&#65292;&#20080;&#26041;&#24212;&#21521;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#25237;&#36164;&#20849;&#35745;&#36144;&#20159;&#22235;&#21315;&#20061;&#30334;&#19971;&#21313;&#19977;&#19975;&#22235;&#21315;&#20845;&#30334;&#20061;&#21313;&#19977;&#20803;&#20843;&#35282;&#20843;&#20998;&#20154;&#27665;&#24065;&#65288;</FONT>249,734,693.88<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20803;&#65289;&#29992;&#20110;&#65288;</FONT>i<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#35748;&#36141;&#26032;&#22686;&#27880;&#20876;&#36164;&#26412;&#20154;&#27665;&#24065;</FONT>96,500,000.00<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20803;&#24182;&#19988;&#65288;</FONT>ii<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#23436;&#25104;&#25152;&#26377;&#21463;&#35753;&#32929;&#26435;&#12289;&#21463;&#35753;&#20986;&#36164;&#26435;&#20197;&#21450;&#20986;&#36164;&#32929;&#26435;&#37096;&#20998;&#30340;&#23454;&#32564;&#12290;&#22686;&#36164;&#24212;&#30001;&#20080;&#26041;&#36890;&#36807;&#30005;&#27719;&#31435;&#21363;&#21487;&#29992;&#30340;&#20154;&#27665;&#24065;&#25903;&#20184;&#32473;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#65292;&#20854;&#20013;&#20061;&#21315;&#19975;&#20803;&#25972;&#20154;&#27665;&#24065;&#65288;&#65509;</FONT>90,000,000.00<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#24212;&#25353;&#29031;<U>&#31532;</U></FONT><U>2.5.2<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;</FONT></U><FONT STYLE="font-family: Times New Roman, Times, Serif">&#30340;&#35268;&#23450;&#22312;&#25511;&#21046;&#26435;&#21462;&#24471;&#26085;&#20043;&#21069;&#25110;&#24403;&#26085;&#25903;&#20184;&#65292;&#22686;&#36164;&#30340;&#21097;&#20313;&#37096;&#20998;&#25353;&#29031;&#20184;&#27454;&#26102;&#38388;&#34920;&#30340;&#35268;&#23450;&#25903;&#20184;&#12290;&#20080;&#26041;&#21487;&#33258;&#34892;&#20915;&#23450;&#39044;&#20184;&#22686;&#36164;&#30340;&#20219;&#20309;&#37096;&#20998;&#65292;&#32780;&#26080;&#39035;&#25903;&#20184;&#32602;&#27454;&#25110;&#21033;&#24687;&#65292;&#20219;&#20309;&#35813;&#31561;&#39044;&#20184;&#27454;&#39033;&#23558;&#25353;&#26102;&#38388;&#39034;&#24207;&#36866;&#29992;&#20110;&#21644;&#20943;&#23569;&#20854;&#21518;&#30340;&#22686;&#36164;&#20184;&#27454;&#20041;&#21153;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2.3.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Default
on Payments.</B></FONT> In the event Purchaser fails to make payment of the remaining Purchase Price to VRB Cayman or any payment of
the remaining Capital Increase to VRB China, in each case as set out in the Payment Schedule and within five (5)&nbsp;days after notice
of such failure from VRB Cayman, then, to the extent permitted by applicable Law, Purchaser shall assign back to VRB Cayman a portion
of the equity interests in VRB China held by Purchaser based on the below table, with no additional consideration or further action required
from the Parties other than the filings required under applicable Law to record the changes in the ownership interests of VRB China&rsquo;s
shareholders and the register of shareholders of VRB China as a result of such assignment. Purchaser shall promptly execute and deliver
such agreements, certificates, instruments, filings or other documents, and shall take all steps to fully and faithfully cooperate, as
VRB Cayman may request to complete any such assignment. The portion of equity interests in VRB China to be assigned back to VRB Cayman
in the event of Purchaser&rsquo;s payment default as provided in this <U>Section&nbsp;2.3</U> shall be equal to the applicable percentage
of the total equity interests in VRB China that is set forth opposite the applicable payment requirement in the table on the following
page:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2.3.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20184;&#27454;&#36829;&#32422;&#12290;</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#22914;&#26524;&#20080;&#26041;&#26410;&#33021;&#25353;&#29031;&#20184;&#27454;&#26102;&#38388;&#34920;&#30340;&#35268;&#23450;&#65292;&#22312;VRB&#24320;&#26364;&#21457;&#20986;&#36890;&#30693;&#21518;&#20116;&#65288;5&#65289;&#22825;&#20869;&#65292;&#21521;VRB&#24320;&#26364;&#25903;&#20184;&#21097;&#20313;&#36141;&#20080;&#20215;&#27454;&#25110;&#21521;VRB&#20013;&#22269;&#25903;&#20184;&#20219;&#20309;&#21097;&#20313;&#22686;&#36164;&#27454;&#39033;&#65292;&#21017;&#22312;
 &#22312;&#36866;&#29992;&#27861;&#24459;&#20801;&#35768;&#30340;&#33539;&#22260;&#20869;&#65292;&#20080;&#26041;&#24212;&#31435;&#21363;&#26681;&#25454;&#19979;&#34920;&#31435;&#21363;&#23558;&#20854;&#25345;&#26377;&#30340;VRB&#20013;&#22269;&#30340;&#37096;&#20998;&#32929;&#26435;&#36716;&#35753;&#22238;VRB&#24320;&#26364;&#65292;&#38500;&#26681;&#25454;&#36866;&#29992;&#27861;&#24459;&#30340;&#35201;&#27714;&#36827;&#34892;&#30331;&#35760;&#20197;&#35760;&#24405;&#22240;&#35813;&#36716;&#35753;&#32780;&#23548;&#33268;&#30340;VRB&#20013;&#22269;&#32929;&#19996;&#25152;&#26377;&#32773;&#26435;&#30410;&#21644;VRB&#20013;&#22269;&#32929;&#19996;&#21517;&#20876;&#30340;&#21464;&#26356;&#22806;&#65292;&#21508;&#26041;&#26080;&#38656;&#25903;&#20184;&#39069;&#22806;&#23545;&#20215;&#25110;&#37319;&#21462;&#36827;&#19968;&#27493;&#34892;&#21160;&#12290;&#20080;&#26041;&#24212;&#25353;VRB&#24320;&#26364;&#30340;&#35201;&#27714;&#21450;&#26102;&#31614;&#32626;&#21644;&#20132;&#20184;&#27492;&#31867;&#21327;&#35758;&#12289;&#35777;&#20070;&#12289;&#25991;&#20070;&#12289;&#22791;&#26696;&#25110;&#20854;&#20182;&#25991;&#20214;&#65292;&#24182;&#24212;&#37319;&#21462;&#19968;&#20999;&#27493;&#39588;&#36827;&#34892;&#20840;&#38754;&#21644;&#24544;&#23454;&#22320;&#21512;&#20316;&#65292;&#20197;&#23436;&#25104;&#20219;&#20309;&#27492;&#31867;&#36716;&#35753;&#12290;&#22312;&#20080;&#26041;&#20986;&#29616;<U>&#26412;&#31532;2.3&#26465;</U>&#35268;&#23450;&#30340;&#20184;&#27454;&#36829;&#32422;&#24773;&#20917;&#26102;&#65292;VRB&#20013;&#22269;&#24212;&#36716;&#35753;&#22238;VRB&#24320;&#26364;&#30340;&#32929;&#26435;&#27604;&#20363;&#24212;&#31561;&#20110;&#19979;&#39029;&#34920;&#26684;&#20013;&#19982;&#36866;&#29992;&#20184;&#27454;&#35201;&#27714;&#30456;&#23545;&#24212;&#30340;VRB&#20013;&#22269;&#24635;&#32929;&#26435;&#30340;&#36866;&#29992;&#30334;&#20998;&#27604;&#65306;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; width: 90%; border-collapse: collapse">
  <TR>
    <TD STYLE="border: Black 1pt solid; text-align: center; width: 62%; vertical-align: bottom"><P STYLE="margin: 0pt 0"><B>Remaining</B></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Purchase
                                            Price or<BR>
                                            Capital Increase Payment</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&#21097;&#20313;&#36141;&#20080;&#20215;&#27454;&#25110;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&#22686;&#36164;&#20184;&#27454;</B></P></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 38%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>%
                                            Equity Assigned Back<BR>
                                            (as a % of the total equity<BR>
                                            interests of VRB China)</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#36716;&#22238;&#32929;&#26435;&#30334;&#20998;&#27604;&#65288;&#21344;
    </B></FONT><B>VRB<BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#24635;&#32929;&#26435;&#30340;&#30334;&#20998;&#27604;&#65289;</FONT></B></P></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">January&nbsp;31,
                                            2025 (Capital Increase)</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2025</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;</FONT>1<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26376;</FONT>31<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26085;&#65288;&#22686;&#36164;&#65289;</FONT></P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.90%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">April&nbsp;30,
                                            2025 (Capital Increase)</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2025</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;</FONT>4<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26376;</FONT>30<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26085;
    &#65288;&#22686;&#36164;&#65289;</FONT></P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.50%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">June&nbsp;30,
                                            2025 (Capital Increase and Purchase Price)</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2025</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;</FONT>6<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26376;</FONT>30<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26085;&#65288;&#22686;&#36164;&#21450;&#36141;&#20080;&#20215;&#27454;&#65289;</FONT></P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9.22%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">July&nbsp;31,
                                            2025 (Capital Increase)</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2025</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;</FONT>7<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26376;</FONT>31<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26085;&#65288;&#22686;&#36164;&#65289;</FONT></P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.60%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">October&nbsp;31,
                                            2025 (Capital Increase)</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2025</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;</FONT>10<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26376;</FONT>31<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26085;&#65288;&#22686;&#36164;&#65289;</FONT></P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.60%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">December&nbsp;31,
                                            2025 (Capital Increase)</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2025</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;</FONT>12<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26376;</FONT>31<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26085;&#65288;&#22686;&#36164;&#65289;</FONT></P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.16%</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition to the foregoing, Purchaser&rsquo;s
failure to fulfill its payment obligations is an event of default under the Joint Venture Agreement and Cooperation Agreement, thereby
triggering certain additional default provisions as set forth therein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#38500;&#19978;&#36848;&#22806;&#65292;&#20080;&#26041;&#26410;&#33021;&#23653;&#34892;&#20854;&#20184;&#27454;&#20041;&#21153;&#26500;&#25104;&#12298;&#21512;&#36164;&#21327;&#35758;&#12299;&#21644;&#12298;&#21512;&#20316;&#21327;&#35758;&#12299;&#39033;&#19979;&#30340;&#36829;&#32422;&#20107;&#20214;&#65292;&#20174;&#32780;&#35302;&#21457;&#35813;&#20123;&#21327;&#35758;&#20013;&#35268;&#23450;&#30340;&#26576;&#20123;&#39069;&#22806;&#36829;&#32422;&#26465;&#27454;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2.4.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Execution
Date</B></FONT>. On the Execution Date, concurrently with the execution of this Agreement, the Parties shall deliver the following to
each other:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><FONT STYLE="font-size: 10pt"><B>2.4.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>&#31614;&#32626;&#26085;&#12290;</B>&#31614;&#32626;&#26085;&#24403;&#22825;&#65292;&#22312;&#31614;&#32626;&#26412;&#21327;&#35758;&#30340;&#21516;&#26102;&#65292;&#21508;&#26041;&#24212;&#30456;&#20114;&#20132;&#20184;&#19979;&#21015;&#25991;&#20214;&#65306;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">a.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Joint Venture Agreement, executed by each Party;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: 0in">&#30001;&#27599;&#19968;&#26041;&#31614;&#32626;&#30340;&#12298;&#21512;&#36164;&#21327;&#35758;&#12299;&#65307;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">b.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Cooperation Agreement, executed by each Party and by VRB USA;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#30001;&#27599;&#19968;&#26041;&#21644;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#31614;&#32626;&#30340;&#12298;&#21512;&#20316;&#21327;&#35758;&#12299;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">c.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Transition Plan, executed by each Party and by VRB USA;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#30001;&#27599;&#19968;&#26041;&#21644;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#31614;&#32626;&#30340;&#36807;&#28193;&#35745;&#21010;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">d.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
China ETA, executed by each Party;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#30001;&#27599;&#19968;&#26041;&#31614;&#32626;&#30340;&#20013;&#22269;
</FONT>ETA<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">e.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Mutual Account Instructions, executed by a representative of each of Purchaser and IE Beijing that is authorized on the Mutual Account,
to be held in escrow by the Parties until they are released after the Control Acquisition Date in accordance with <U>Section&nbsp;2.6</U>;
and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#30001;&#20080;&#26041;&#21644;
</FONT>IE<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21271;&#20140;&#21508;&#33258;&#25480;&#26435;&#30340;&#20849;&#21516;&#36134;&#25143;&#20195;&#34920;&#31614;&#32626;&#30340;&#20849;&#21516;&#36134;&#25143;&#25351;&#31034;&#65292;&#30001;&#21508;&#26041;&#20195;&#31649;&#65292;&#30452;&#33267;&#26681;&#25454;<U>&#31532;</U></FONT><U>2.6<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;</FONT></U><FONT STYLE="font-family: Times New Roman, Times, Serif">&#30340;&#35268;&#23450;&#22312;&#25511;&#21046;&#26435;&#21462;&#24471;&#26085;&#21518;&#35299;&#38500;&#20195;&#31649;&#65307;&#20197;&#21450;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">f.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;A
certificate of the secretary or an assistant secretary (or equivalent officer) of each Party certifying that attached thereto are true
and complete copies of all resolutions adopted by the board of directors (or similar company authority) of the Party authorizing the
execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby, and that all such
resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&#27599;&#19968;&#26041;&#30340;&#31192;&#20070;&#25110;&#21161;&#29702;&#31192;&#20070;&#65288;&#25110;&#21516;&#32423;&#23448;&#21592;&#65289;&#30340;&#35777;&#26126;&#65292;&#35777;&#26126;&#38543;&#38468;&#30340;&#26159;&#35813;&#19968;&#26041;&#33891;&#20107;&#20250;&#65288;&#25110;&#31867;&#20284;&#30340;&#20844;&#21496;&#26435;&#21147;&#26426;&#26500;&#65289;&#36890;&#36807;&#30340;&#25152;&#26377;&#20915;&#35758;&#30340;&#30495;&#23454;&#23436;&#25972;&#21103;&#26412;&#65292;&#36825;&#20123;&#20915;&#35758;&#25480;&#26435;&#31614;&#32626;&#12289;&#20132;&#20184;&#21644;&#23653;&#34892;&#26412;&#21327;&#35758;&#20197;&#21450;&#23436;&#25104;&#26412;&#21327;&#35758;&#25311;&#36827;&#34892;&#30340;&#20132;&#26131;&#65292;&#24182;&#19988;&#25152;&#26377;&#36825;&#20123;&#20915;&#35758;&#23436;&#20840;&#26377;&#25928;&#65292;&#26159;&#23601;&#26412;&#21327;&#35758;&#25311;&#36827;&#34892;&#30340;&#20132;&#26131;&#36890;&#36807;&#30340;&#25152;&#26377;&#20915;&#35758;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2.5.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Control
Acquisition Date</B>. Following the Execution Date, the Parties shall work together in good faith to complete the Equity Transfer and
Purchaser&rsquo;s first payments of the Purchase Price and Capital Increase as contemplated herein. Purchaser shall become the holder
of the Target Equity on the first date following the Execution Date that all the steps set forth in <U>Section&nbsp;2.5.1</U> have been
completed to the Parties&rsquo; satisfaction (the &ldquo;<B>Control Acquisition Date</B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2.5.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#25511;&#21046;&#26435;&#21462;&#24471;&#26085;&#12290;</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-style: normal; font-weight: normal">&#22312;&#31614;&#32626;&#26085;&#21518;&#65292;&#21508;&#26041;&#24212;&#26412;&#30528;&#35802;&#20449;&#21407;&#21017;&#20849;&#21516;&#23436;&#25104;&#32929;&#26435;&#36716;&#35753;&#20197;&#21450;&#20080;&#26041;&#23545;&#26412;&#21327;&#35758;&#19979;&#30340;&#39318;&#31508;&#36141;&#20080;&#20215;&#27454;&#21644;&#22686;&#36164;&#27454;&#30340;&#25903;&#20184;&#12290;&#31614;&#32626;&#26085;&#21518;&#65292;&#22312;<U>&#31532;</U></FONT></FONT><U><FONT STYLE="font-style: normal; font-weight: normal">2.5.1<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;</FONT></FONT></U><FONT STYLE="font-style: normal; font-weight: normal"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#35268;&#23450;&#30340;&#25152;&#26377;&#27493;&#39588;&#22343;&#24050;&#23436;&#25104;&#24182;&#20196;&#21508;&#26041;&#28385;&#24847;&#20043;&#26085;&#30340;&#31532;&#19968;&#22825;&#65288;&ldquo;&#25511;&#21046;&#26435;&#21462;&#24471;&#26085;&rdquo;&#65289;&#65292;&#20080;&#26041;&#23558;&#25104;&#20026;&#30446;&#26631;&#32929;&#26435;&#30340;&#25345;&#26377;&#20154;&#12290;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-style: normal; font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2.5.1&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Control
Acquisition Date Steps</B></FONT>. On or before the Control Acquisition Date, the Parties shall complete the following steps:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>2.5.1&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>&#25511;&#21046;&#26435;&#21462;&#24471;&#26085;&#27493;&#39588;</B>&#12290;&#22312;&#25511;&#21046;&#26435;&#21462;&#24471;&#26085;&#24403;&#22825;&#25110;&#20043;&#21069;&#65292;&#21508;&#26041;&#24212;&#23436;&#25104;&#20197;&#19979;&#27493;&#39588;&#65306;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">a.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Purchaser
shall deposit fifty percent (50%) of the Purchase Price in the Mutual Account;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#20080;&#26041;&#24212;&#23558;&#36141;&#20080;&#20215;&#27454;&#30340;&#30334;&#20998;&#20043;&#20116;&#21313;&#65288;</FONT>50%<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#23384;&#20837;&#20849;&#21516;&#36134;&#25143;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">b.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;VRB
China shall de-register the existing capital contribution certificates of VRB China and issue new capital contribution certificates to
VRB Cayman and Purchaser evidencing the capital contributions made by each of VRB Cayman and Purchaser to VRB China as of the Control
Acquisition Date and the Equity Transfer;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">VRB
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#24212;&#27880;&#38144;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#29616;&#26377;&#30340;&#20986;&#36164;&#35777;&#26126;&#65292;&#24182;&#21521;
</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#21450;&#20080;&#26041;&#31614;&#21457;&#26032;&#30340;&#20986;&#36164;&#35777;&#26126;&#65292;&#35777;&#26126;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#21450;&#20080;&#26041;&#21508;&#33258;&#20110;&#25511;&#21046;&#26435;&#21462;&#24471;&#26085;&#21450;&#32929;&#26435;&#36716;&#35753;&#26102;&#21521;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#20316;&#20986;&#30340;&#20986;&#36164;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">c.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Parties shall submit to the AMR for recording amended and restated Articles of Association of VRB China in form and substance that is
mutually agreed upon by them and consistent with the terms of the Joint Venture Agreement, and the AMR shall have approved such filings;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#21508;&#26041;&#24212;&#21521;&#21271;&#20140;&#24066;&#28023;&#28096;&#21306;&#24066;&#22330;&#30417;&#30563;&#31649;&#29702;&#23616;&#25552;&#20132;&#24418;&#24335;&#21644;&#20869;&#23481;&#32463;&#21508;&#26041;&#21516;&#24847;&#19988;&#19982;&#12298;&#21512;&#36164;&#21327;&#35758;&#12299;&#26465;&#27454;&#19968;&#33268;&#30340;&#20462;&#25913;&#21450;&#37325;&#36848;&#30340;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#31456;&#31243;&#20197;&#20379;&#22791;&#26696;&#65292;&#19988;&#21271;&#20140;&#24066;&#28023;&#28096;&#21306;&#24066;&#22330;&#30417;&#30563;&#31649;&#29702;&#23616;&#24050;&#25209;&#20934;&#27492;&#31867;&#22791;&#26696;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">d.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Parties shall submit to the AMR for recording filings for changes in the ownership interests of VRB China&rsquo;s shareholders and the
register of shareholders of VRB China reflecting Purchaser as the record holder of the Target Equity, and changes of VRB China&rsquo;s
management team (including the directors of VRB China) in accordance with the Joint Venture Agreement, and the AMR shall have approved
such filings;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#21508;&#26041;&#24212;&#26681;&#25454;&#12298;&#21512;&#36164;&#21327;&#35758;&#12299;&#30340;&#32422;&#23450;&#65292;&#21521;&#21271;&#20140;&#24066;&#28023;&#28096;&#21306;&#24066;&#22330;&#30417;&#30563;&#31649;&#29702;&#23616;&#25552;&#20132;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#30340;&#32929;&#19996;&#26435;&#30410;&#21464;&#26356;&#12289;&#21453;&#26144;&#20080;&#26041;&#20026;&#30446;&#26631;&#32929;&#26435;&#30331;&#35760;&#25345;&#26377;&#20154;&#30340;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#32929;&#19996;&#21517;&#20876;&#20197;&#21450;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#31649;&#29702;&#22242;&#38431;&#65288;&#21253;&#25324;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#30340;&#33891;&#20107;&#65289;&#21464;&#26356;&#30340;&#22791;&#26696;&#65292;&#19988;&#35813;&#31561;&#22791;&#26696;&#24212;&#24050;&#33719;&#21271;&#20140;&#24066;&#28023;&#28096;&#21306;&#24066;&#22330;&#30417;&#30563;&#31649;&#29702;&#23616;&#25209;&#20934;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">e.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Purchaser
shall make the first payment of the Capital Increase to VRB China as set forth in <U>Section&nbsp;2.2</U>;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">f.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20080;&#26041;&#24212;&#25353;&#29031;&#31532;</FONT>2.2<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#30340;&#35268;&#23450;&#21521;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#25903;&#20184;&#31532;&#19968;&#31508;&#22686;&#36164;&#65307;</FONT>To
the extent all documents for Withholding Tax Filing are ready (provided the Parties cooperate with each other in good faith), the Parties
shall submit to the applicable Governmental Authority, including, without limitation, the tax bureau, commerce bureau, or foreign exchange
administration of the PRC, Withholding Tax Filing and such other documents or other information that such Governmental Authority shall
have requested with respect to the Equity Transfer or Capital Increase; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&#22312;&#39044;&#25187;&#31246;&#30003;&#25253;&#30340;&#25152;&#26377;&#25991;&#20214;&#20934;&#22791;&#23601;&#32490;&#30340;&#24773;&#20917;&#19979;&#65288;&#21069;&#25552;&#26159;&#21452;&#26041;&#21892;&#24847;&#21512;&#20316;&#65289;&#21508;&#26041;&#24212;&#21521;&#30456;&#20851;&#25919;&#24220;&#26426;&#20851;&#65288;&#21253;&#25324;&#20294;&#19981;&#38480;&#20110;&#20013;&#22269;&#31246;&#21153;&#37096;&#38376;&#12289;&#21830;&#21153;&#37096;&#38376;&#25110;&#22806;&#27719;&#31649;&#29702;&#37096;&#38376;&#65289;&#25552;&#20132;&#39044;&#25187;&#31246;&#30003;&#25253;&#21450;&#35813;&#31561;&#25919;&#24220;&#26426;&#20851;&#23601;&#32929;&#26435;&#36716;&#35753;&#25110;&#22686;&#36164;&#35201;&#27714;&#30340;&#20854;&#20182;&#25991;&#20214;&#25110;&#20854;&#20182;&#20449;&#24687;&#65307;&#21450;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">g.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Parties shall submit to the commercial banks of VRB China and </FONT>Purchaser filings as may be required by them under applicable regulatory
requirements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#21508;&#26041;&#24212;&#21521;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#21450;&#20080;&#26041;&#30340;&#21830;&#19994;&#38134;&#34892;&#25552;&#20132;&#26681;&#25454;&#36866;&#29992;&#30417;&#31649;&#35201;&#27714;&#21487;&#33021;&#35201;&#27714;&#30340;&#22791;&#26696;&#25991;&#20214;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2.5.2&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Seller
Parties&rsquo; Conditions Precedent to Control Acquisition Date</B></FONT>. Subject to the terms and conditions of this Agreement, the
Seller Parties&rsquo; obligations to complete the steps set forth in <U>Section&nbsp;2.5.1</U> are subject to the fulfillment or the
Seller Parties&rsquo; waiver, prior to or on the Control Acquisition Date, of each of the following conditions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2.5.2&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-style: normal">&#25511;&#21046;&#26435;&#21462;&#24471;&#26085;&#30340;&#21334;&#26041;&#20840;&#20307;&#20808;&#20915;&#26465;&#20214;</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-style: normal"><FONT STYLE="font-size: 10pt; font-weight: normal">&#12290;&#26681;&#25454;&#26412;&#21327;&#35758;&#30340;&#26465;&#27454;&#21644;&#26465;&#20214;&#65292;&#21334;&#26041;&#20840;&#20307;&#23436;&#25104;<U>&#31532;2.5.1&#26465;</U>&#25152;&#21015;&#27493;&#39588;&#30340;&#20041;&#21153;&#21462;&#20915;&#20110;&#22312;&#25511;&#21046;&#26435;&#21462;&#24471;&#26085;&#20043;&#21069;&#25110;&#24403;&#22825;&#19979;&#21015;&#21508;&#39033;&#26465;&#20214;&#30340;&#23436;&#25104;&#25110;&#21334;&#26041;&#20840;&#20307;&#30340;&#25918;&#24323;&#65306;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">a.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;No
Governmental Authority shall have enacted, issued, promulgated, enforced or entered any law, regulation, rule, or order which is in effect
and has the effect of making the transactions contemplated by this Agreement illegal, otherwise restraining or prohibiting consummation
of such transactions or causing any of the transactions contemplated hereunder to be rescinded following the Control Acquisition Date;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&#20219;&#20309;&#25919;&#24220;&#26426;&#20851;&#26410;&#26366;&#21046;&#23450;&#12289;&#39041;&#21457;&#12289;&#39041;&#24067;&#12289;&#25191;&#34892;&#25110;&#35746;&#31435;&#20219;&#20309;&#26377;&#25928;&#30340;&#27861;&#24459;&#12289;&#27861;&#35268;&#12289;&#35268;&#21017;&#25110;&#21629;&#20196;&#65292;&#23548;&#33268;&#26412;&#21327;&#35758;&#39033;&#19979;&#30340;&#20132;&#26131;&#38750;&#27861;&#65292;&#25110;&#20197;&#20854;&#20182;&#26041;&#24335;&#38480;&#21046;&#25110;&#31105;&#27490;&#27492;&#31867;&#20132;&#26131;&#30340;&#23436;&#25104;&#65292;&#25110;&#23548;&#33268;&#26412;&#21327;&#35758;&#39033;&#19979;&#30340;&#20219;&#20309;&#20132;&#26131;&#22312;&#25511;&#21046;&#26435;&#21462;&#24471;&#26085;&#21518;&#34987;&#25764;&#38144;&#65307;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">b.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Except
for those described in <U>Section&nbsp;2.5.1</U>, the Seller Parties shall have received all consents, approvals, permits, or governmental
orders, made all declarations or filings, and provided all notices as may be required in connection with, or as a result of, the transactions
contemplated by this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#38500;<U>&#31532;</U></FONT><U>2.5.1<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;</FONT></U><FONT STYLE="font-family: Times New Roman, Times, Serif">&#25152;&#36848;&#22806;&#65292;&#21334;&#26041;&#20840;&#20307;&#24212;&#24050;&#25910;&#21040;&#25152;&#26377;&#21516;&#24847;&#12289;&#25209;&#20934;&#12289;&#35768;&#21487;&#25110;&#25919;&#24220;&#21629;&#20196;&#65292;&#20316;&#20986;&#25152;&#26377;&#22768;&#26126;&#25110;&#22791;&#26696;&#65292;&#24182;&#25552;&#20379;&#19982;&#26412;&#21327;&#35758;&#25152;&#36848;&#20132;&#26131;&#26377;&#20851;&#30340;&#25110;&#30001;&#26412;&#21327;&#35758;&#25152;&#36848;&#20132;&#26131;&#23548;&#33268;&#30340;&#25152;&#26377;&#36890;&#30693;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">c.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
representations and warranties of Purchaser contained in <U>Article&nbsp;IV</U> shall be true and correct in all respects as of the Control
Acquisition Date with the same effect as though made at and as of such date (except those representations and warranties that address
matters only as of a specified date, which shall be true and correct in all respects as of that specified date); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&#20080;&#26041;&#26681;&#25454;<U>&#31532;&#22235;&#26465;</U>&#25152;&#20316;&#30340;&#38472;&#36848;&#21644;&#20445;&#35777;&#24212;&#20110;&#25511;&#21046;&#26435;&#21462;&#24471;&#26085;&#20840;&#37096;&#30495;&#23454;&#20934;&#30830;&#65292;&#24182;&#20855;&#26377;&#19982;&#22312;&#35813;&#26085;&#20570;&#20986;&#26102;&#30456;&#21516;&#30340;&#25928;&#21147;&#65288;&#21482;&#28041;&#21450;&#29305;&#23450;&#26085;&#26399;&#20107;&#23452;&#30340;&#38472;&#36848;&#21644;&#20445;&#35777;&#38500;&#22806;&#65292;&#35813;&#31561;&#38472;&#36848;&#21644;&#20445;&#35777;&#24212;&#20110;&#35813;&#29305;&#23450;&#26085;&#26399;&#20840;&#37096;&#30495;&#23454;&#20934;&#30830;&#65289;&#65307;&#20197;&#21450;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">d.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Purchaser
shall have duly performed and complied in all material respects with all agreements, covenants and conditions required by this Agreement
or the Transition Plan to be performed or complied with by Purchaser prior to or on the Control Acquisition Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&#20080;&#26041;&#24212;&#22312;&#25511;&#21046;&#26435;&#21462;&#24471;&#26085;&#20043;&#21069;&#25110;&#24403;&#26085;&#65292;&#22312;&#25152;&#26377;&#23454;&#36136;&#23618;&#38754;&#23653;&#34892;&#21644;&#36981;&#23432;&#26412;&#21327;&#35758;&#25110;&#36807;&#28193;&#35745;&#21010;&#25152;&#35201;&#27714;&#20080;&#26041;&#23653;&#34892;&#25110;&#36981;&#23432;&#30340;&#25152;&#26377;&#21327;&#35758;&#12289;&#22865;&#32422;&#21644;&#26465;&#20214;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">e.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Purchaser
shall have executed and delivered to the Seller Parties a certificate dated as of the Control Acquisition Date certifying that the conditions
specified in this <U>Section&nbsp;2.5.2</U> have been fulfilled.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">&#20080;&#26041;&#24212;&#31614;&#32626;&#24182;&#21521;&#21334;&#26041;&#20840;&#20307;&#20132;&#20184;&#19968;&#20221;&#26085;&#26399;&#20026;&#25511;&#21046;&#26435;&#21462;&#24471;&#26085;&#30340;&#35777;&#20070;&#65292;&#35777;&#26126;&#26412;&#31532;2.5.2&#26465;&#35268;&#23450;&#30340;&#26465;&#20214;&#24050;&#24471;&#21040;&#28385;&#36275;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2.5.3&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Purchaser&rsquo;s
Conditions Precedent</B></FONT>. Subject to the terms and conditions of this Agreement, Purchaser&rsquo;s obligations to complete the
steps set forth in <U>Section&nbsp;2.5.1</U> are subject to the fulfillment or Purchaser&rsquo;s waiver, prior to or on the Control Acquisition
Date, of each of the following conditions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2.5.3&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20080;&#26041;&#30340;&#20808;&#20915;&#26465;&#20214;&#12290;</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26681;&#25454;&#26412;&#21327;&#35758;&#30340;&#26465;&#27454;&#21644;&#26465;&#20214;&#65292;&#20080;&#26041;&#23436;&#25104;<U>&#31532;
</U></FONT><U>2.5.1 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;</FONT></U><FONT STYLE="font-family: Times New Roman, Times, Serif">&#25152;&#36848;&#27493;&#39588;&#30340;&#20041;&#21153;&#21462;&#20915;&#20110;&#20197;&#19979;&#21508;&#39033;&#26465;&#20214;&#22312;&#25511;&#21046;&#26435;&#21462;&#24471;&#26085;&#20043;&#21069;&#25110;&#24403;&#26085;&#26159;&#21542;&#24471;&#21040;&#28385;&#36275;&#25110;&#20080;&#26041;&#26159;&#21542;&#25918;&#24323;&#65306;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">a.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;No
Governmental Authority shall have enacted, issued, promulgated, enforced or entered any law, regulation, rule, or order which is in effect
and has the effect of making the transactions contemplated by this Agreement illegal, otherwise restraining or prohibiting consummation
of such transactions or causing any of the transactions contemplated hereunder to be rescinded following the Control Acquisition Date;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&#22312;&#25511;&#21046;&#26435;&#21462;&#24471;&#26085;&#20043;&#21518;&#65292;&#20219;&#20309;&#25919;&#24220;&#26426;&#20851;&#22343;&#26410;&#26366;&#39041;&#24067;&#12289;&#21457;&#24067;&#12289;&#39041;&#24067;&#12289;&#25191;&#34892;&#25110;&#21457;&#24067;&#20219;&#20309;&#26377;&#25928;&#30340;&#27861;&#24459;&#12289;&#27861;&#35268;&#12289;&#35268;&#21017;&#25110;&#21629;&#20196;&#65292;&#20351;&#26412;&#21327;&#23450;&#25311;&#36827;&#34892;&#30340;&#20132;&#26131;&#25104;&#20026;&#38750;&#27861;&#65292;&#25110;&#20197;&#20854;&#20182;&#26041;&#24335;&#38480;&#21046;&#25110;&#31105;&#27490;&#27492;&#31867;&#20132;&#26131;&#30340;&#23436;&#25104;&#65292;&#25110;&#23548;&#33268;&#26412;&#21327;&#23450;&#25311;&#36827;&#34892;&#30340;&#20219;&#20309;&#20132;&#26131;&#34987;&#25764;&#38144;&#65307;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">b.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Except
for those described in <U>Section&nbsp;2.5.1</U>, Purchaser shall have received all consents, approvals, permits, or governmental orders,
made all declarations or filings, and provided all notices as may be required in connection with, or as a result of, the transactions
contemplated by this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#38500;<U>&#31532;
</U></FONT><U>2.5.1 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;</FONT></U><FONT STYLE="font-family: Times New Roman, Times, Serif">&#25152;&#36848;&#32773;&#22806;&#65292;&#20080;&#26041;&#24212;&#24050;&#25910;&#21040;&#19982;&#26412;&#21327;&#35758;&#25311;&#36827;&#34892;&#30340;&#20132;&#26131;&#26377;&#20851;&#25110;&#22240;&#20854;&#32780;&#21487;&#33021;&#38656;&#35201;&#30340;
 &#25152;&#26377;&#21516;&#24847;&#12289;&#25209;&#20934;&#12289;&#35768;&#21487;&#25110;&#25919;&#24220;&#21629;&#20196;&#65292;&#20316;&#20986;&#25152;&#26377;&#30456;&#20851;&#22768;&#26126;&#25110;&#22791;&#26696;&#65292;&#24182;&#25552;&#20379;&#25152;&#26377;&#30456;&#20851;&#36890;&#30693;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">c.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
representations and warranties of the Seller Parties contained in <U>Article&nbsp;III</U> shall be true and correct in all respects as
of the Control Acquisition Date with the same effect as though made at and as of such date (except those representations and warranties
that address matters only as of a specified date, which shall be true and correct in all respects as of that specified date);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&#21334;&#26041;&#20840;&#20307;&#26681;&#25454;<U>&#31532;&#19977;&#26465;</U>&#25152;&#20316;&#30340;&#38472;&#36848;&#21644;&#20445;&#35777;&#24212;&#20110;&#25511;&#21046;&#26435;&#21462;&#24471;&#26085;&#20840;&#37096;&#30495;&#23454;&#20934;&#30830;&#65292;&#24182;&#20855;&#26377;&#19982;&#22312;&#35813;&#26085;&#20570;&#20986;&#30340;&#38472;&#36848;&#21644;&#20445;&#35777;&#30456;&#21516;&#30340;&#25928;&#21147;&#65288;&#20165;&#28041;&#21450;&#29305;&#23450;&#26085;&#26399;&#20107;&#23452;&#30340;&#38472;&#36848;&#21644;&#20445;&#35777;&#38500;&#22806;&#65292;&#35813;&#31561;&#38472;&#36848;&#21644;&#20445;&#35777;&#24212;&#22312;&#35813;&#29305;&#23450;&#26085;&#26399;&#20840;&#37096;&#30495;&#23454;&#20934;&#30830;&#65307;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">d.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Seller Parties shall have duly performed and complied in all material respects with all agreements, covenants and conditions required
by this Agreement or the Transition Plan to be performed or complied with by the Seller Parties prior to or on the Control Acquisition
Date;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&#21334;&#26041;&#20840;&#20307;&#24212;&#25511;&#21046;&#26435;&#21462;&#24471;&#26085;&#20043;&#21069;&#25110;&#24403;&#26085;&#65292;&#22312;&#25152;&#26377;&#23454;&#36136;&#23618;&#38754;&#23653;&#34892;&#21644;&#36981;&#23432;&#26412;&#21327;&#35758;&#25110;&#36807;&#28193;&#35745;&#21010;&#25152;&#35201;&#27714;&#21334;&#26041;&#20840;&#20307;&#23653;&#34892;&#25110;&#36981;&#23432;&#30340;&#25152;&#26377;&#21327;&#35758;&#12289;&#22865;&#32422;&#21644;&#26465;&#20214;&#65307;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">e.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Except
as set forth in <U>Section&nbsp;3.3</U> of the Disclosure Schedule, all capital payment obligations from VRB Cayman to VRB China shall
have been paid in full;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#38500;&#25259;&#38706;&#38468;&#34920;<U>&#31532;
</U></FONT><U>3.3 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;</FONT></U><FONT STYLE="font-family: Times New Roman, Times, Serif">&#35268;&#23450;&#30340;&#24773;&#20917;&#22806;&#65292;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#23545;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#30340;&#25152;&#26377;&#36164;&#26412;&#25903;&#20184;&#20041;&#21153;&#22343;&#24212;&#24050;&#20840;&#39069;&#25903;&#20184;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">f.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;All
loans made by VRB Cayman to VRB China or its subsidiaries shall have been equitized in full;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">VRB
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#21521;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#25110;&#20854;&#23376;&#20844;&#21496;&#25552;&#20379;&#30340;&#25152;&#26377;&#36151;&#27454;&#22343;&#24212;&#24050;&#20840;&#39069;&#32929;&#20221;&#21270;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">g.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Since
September 23, 2024, except for trade debt incurred in the ordinary course of business, VRB China has not incurred any new financial Indebtedness
other than from VRB Cayman;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#33258;
</FONT>2024 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;</FONT> 9 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26376;
</FONT>23 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26085;&#20197;&#26469;&#65292;&#38500;&#22312;&#27491;&#24120;&#19994;&#21153;&#36807;&#31243;&#20013;&#20135;&#29983;&#30340;&#36152;&#26131;&#20538;&#21153;&#22806;&#65292;</FONT>VRB
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#38500;&#26469;&#33258;</FONT> VRB <FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#20844;&#21496;&#30340;&#20538;&#21153;&#22806;&#65292;&#26410;&#20135;&#29983;&#20219;&#20309;&#26032;&#30340;&#37329;&#34701;&#20538;&#21153;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">h.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Since
September&nbsp;23, 2024, VRB China has not made any dividends or distributions to the shareholders of VRB China;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#33258;
2024 &#24180; 9 &#26376; 23 &#26085;&#20197;&#26469;&#65292;VRB &#20013;&#22269;&#26410;&#21521;VRB&#20013;&#22269;&#30340;&#32929;&#19996;&#27966;&#21457;&#20219;&#20309;&#32929;&#24687;&#25110;&#20998;&#32418;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">i.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Since
September&nbsp;23, 2024, the Seller Parties have kept Purchaser informed of all litigation proceedings regarding VRB China and have not
commenced any new litigation;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#33258;
</FONT>2024 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;</FONT> 9 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26376;
</FONT>23 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26085;&#20197;&#26469;&#65292;&#21334;&#26041;&#20840;&#20307;&#19968;&#30452;&#21521;&#20080;&#26041;&#36890;&#25253;&#26377;&#20851;
</FONT>VRB <FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#30340;&#25152;&#26377;&#35785;&#35772;&#31243;&#24207;&#65292;&#19988;&#26410;&#25552;&#36215;&#20219;&#20309;&#26032;&#30340;&#35785;&#35772;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">j.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Since
September 23, 2024, the Seller Parties have kept Purchaser informed of the status and progress of the reorganization of the Intellectual
Property held by VRB China or its Subsidiaries and the Intellectual Property held by VRB Cayman or VRB USA, as further described in <U>Section
3.8</U>;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#33258;
</FONT>2024 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;</FONT> 9 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26376;
</FONT>23 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26085;&#20197;&#26469;&#65292;&#21334;&#26041;&#20840;&#20307;&#19968;&#30452;&#21521;&#20080;&#26041;&#36890;&#25253;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#25110;&#20854;&#23376;&#20844;&#21496;&#25345;&#26377;&#30340;&#30693;&#35782;&#20135;&#26435;&#19982;
</FONT>VRB <FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#25110;</FONT> VRB <FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#25345;&#26377;&#30340;&#30693;&#35782;&#20135;&#26435;&#30340;&#37325;&#32452;&#24773;&#20917;&#21644;&#36827;&#23637;&#65292;&#35814;&#35265;<U>&#31532;
</U></FONT><U>3.8 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;</FONT></U><FONT STYLE="font-family: Times New Roman, Times, Serif">&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">k.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Since
September&nbsp;23, 2024, VRB China has operated the Business in the ordinary course except as otherwise contemplated in this Agreement
or the Transition Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#33258;
</FONT>2024 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;</FONT> 9 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26376;
</FONT>23 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26085;&#20197;&#26469;&#65292;&#38500;&#26412;&#21327;&#35758;&#25110;&#36807;&#28193;&#35745;&#21010;&#21478;&#26377;&#35268;&#23450;&#22806;&#65292;</FONT>VRB
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#19968;&#30452;&#22312;&#27491;&#24120;&#32463;&#33829;&#36807;&#31243;&#20013;&#32463;&#33829;&#19994;&#21153;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">l.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Seller
Parties shall have executed and delivered to the Purchaser a certificate dated as of the Control Acquisition Date certifying that the
conditions specified in this Section 2.5.3 have been fulfilled.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#21334;&#26041;&#24212;&#31614;&#32626;&#24182;&#21521;&#20080;&#26041;&#20132;&#20184;&#19968;&#20221;&#26085;&#26399;&#20026;&#25511;&#21046;&#26435;&#21462;&#24471;&#26085;&#30340;&#35777;&#20070;&#65292;&#35777;&#26126;&#26412;&#31532;</FONT>2.5.3<FONT STYLE="font-family: Times New Roman, Times, Serif">&#33410;&#35268;&#23450;&#30340;&#26465;&#20214;&#24050;&#24471;&#21040;&#28385;&#36275;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2.6.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Completion
Date</B>. As soon as the applicable Governmental Authority notifies Purchaser of the Withholding Taxes payable with respect to the transactions
contemplated by this Agreement as provided in <U>Section&nbsp;2.8</U> and the applicable stamp duties payable with respect to the transactions
contemplated by this Agreement as provided in <U>Section&nbsp;2.9</U>, Purchaser shall cause such Withholding Taxes and stamp duties
to be paid from the Mutual Account (and VRB Cayman shall cause IE Beijing to approve any joint written instructions authorizing the bank
to make such payments in form and substance reasonably acceptable to IE Beijing) and, thereafter, the Purchaser shall release, and VRB
Cayman shall cause IE Beijing to release, the Mutual Account Instructions to the bank, which shall authorize and direct the bank to pay
the remaining funds in the Mutual Account to VRB Cayman as set forth therein. The Equity Transfer and the Purchaser&rsquo;s first payment
of the Purchase Price shall be considered complete (&ldquo;<B>Completion</B>&rdquo;) upon the first date following the Control Acquisition
Date (the &ldquo;<B>Completion Date</B>&rdquo;) that Purchaser has provided a clearance letter of Withholding Taxes issued by competent
PRC Governmental Authority and a MT103 issued by the bank showing the remaining funds in the Mutual Account has been wired out to VRB
Cayman.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2.6.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20132;&#21106;&#26085;</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#12290;&#19968;&#26086;&#30456;&#20851;&#25919;&#24220;&#26426;&#20851;&#26681;&#25454;&#26412;&#21327;&#35758;<U>&#31532;
</U></FONT><U>2.8 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;</FONT></U><FONT STYLE="font-family: Times New Roman, Times, Serif">&#30340;&#32422;&#23450;&#36890;&#30693;&#20080;&#26041;&#26377;&#20851;&#26412;&#21327;&#35758;&#25311;&#36827;&#34892;&#30340;&#20132;&#26131;&#24212;&#25903;&#20184;&#30340;&#38750;&#23621;&#27665;&#20225;&#19994;&#25152;&#24471;&#65288;&#36164;&#26412;&#21033;&#24471;&#65289;&#39044;&#25187;&#31246;&#65292;&#20197;&#21450;&#26681;&#25454;<U>&#31532;
</U></FONT><U>2.9 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;</FONT></U><FONT STYLE="font-family: Times New Roman, Times, Serif">&#30340;&#32422;&#23450;&#36890;&#30693;&#20080;&#26041;&#26377;&#20851;&#26412;&#21327;&#35758;&#25311;&#36827;&#34892;&#30340;&#20132;&#26131;&#24212;&#25903;&#20184;&#30340;&#36866;&#29992;&#21360;&#33457;&#31246;&#65292;&#20080;&#26041;&#24212;&#31435;&#21363;&#23433;&#25490;&#20174;&#20849;&#21516;&#36134;&#25143;&#20013;&#25903;&#20184;&#35813;&#31561;&#39044;&#25552;&#31246;&#21644;&#21360;&#33457;&#31246;&#65288;&#19988;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#24212;&#20419;&#20351;</FONT>IE<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21271;&#20140;&#25209;&#20934;&#20219;&#20309;&#25480;&#26435;&#38134;&#34892;&#20197;</FONT>IE
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21271;&#20140;&#21512;&#29702;&#25509;&#21463;&#30340;&#24418;&#24335;&#21644;&#20869;&#23481;&#36827;&#34892;&#27492;&#31867;&#20184;&#27454;&#30340;&#32852;&#21512;&#20070;&#38754;&#25351;&#31034;&#65289;&#65292;&#27492;&#21518;&#65292;&#20080;&#26041;&#24212;&#21521;&#38134;&#34892;&#21457;&#25918;&#20849;&#21516;&#36134;&#25143;&#25351;&#31034;&#65292;&#19988;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#24212;&#20419;&#20351;
</FONT>IE<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21271;&#20140;&#21521;&#38134;&#34892;&#21457;&#25918;&#35813;&#25351;&#31034;&#65292;&#35813;&#25351;&#31034;&#24212;&#25480;&#26435;&#24182;&#25351;&#31034;&#38134;&#34892;&#25353;&#19978;&#36848;&#32422;&#23450;&#21521;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#25903;&#20184;&#20849;&#21516;&#36134;&#25143;&#20013;&#30340;&#21097;&#20313;&#36164;&#37329;&#12290;&#32929;&#26435;&#36716;&#35753;&#21644;&#20080;&#26041;&#39318;&#27425;&#25903;&#20184;&#36141;&#20080;&#20215;&#27454;&#24212;&#22312;&#25511;&#21046;&#26435;&#21462;&#24471;&#26085;&#21518;&#30340;&#39318;&#26085;&#34987;&#35270;&#20026;&#23436;&#25104;&#65288;&ldquo;<B>&#20132;&#21106;</B>&rdquo;&#65289;&#65292;&#35813;&#26085;&#26399;&#21363;&#20026;&#25552;&#20379;&#30001;&#20013;&#22269;&#25919;&#24220;&#20027;&#31649;&#37096;&#38376;&#31614;&#21457;&#30340;&#39044;&#25187;&#31246;&#28165;&#31639;&#20989;&#65292;&#20197;&#21450;&#30001;&#38134;&#34892;&#31614;&#21457;&#26174;&#31034;&#20849;&#21516;&#36134;&#25143;&#20013;&#30340;&#21097;&#20313;&#36164;&#37329;&#24050;&#27719;&#20986;&#33267;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#30340;</FONT>MT103<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20043;&#26085;&#65288;&ldquo;<B>&#20132;&#21106;&#26085;</B>&rdquo;&#65289;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2.7.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Pre-Completion
Date Covenants</B></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>2.7.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>&#20132;&#21106;&#26085;&#21069;&#32422;&#23450;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2.7.1&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT>From
and after the Execution Date until the Completion Date, each Party shall use its best efforts to take, or cause to be taken, all actions
and to do, or cause to be done, all things necessary, proper, or advisable to satisfy the Parties&rsquo; obligations and conditions precedent
set forth in this Agreement and make effective as promptly as practicable following the Execution Date the Equity Transfer and the first
payments of the Purchase Price and Capital Increase, and to cooperate with each other in connection with the foregoing, including to
obtain effective authorizations, approvals, permits, or filings, if any, of any Governmental Authority that are required in connection
with the lawful Equity Transfer and Capital Increase pursuant to this Agreement, including but not limited to authorizations, approvals,
permits, and filings from the AMR, tax bureau, commerce bureau and foreign exchange administration of the PRC related to (i)&nbsp;filings
for changes in the ownership interests of VRB China&rsquo;s shareholders with the AMR, (ii)&nbsp;filings for changes of VRB China&rsquo;s
Articles of Association, register of shareholders, and management team (including the directors) with the AMR, (iii)&nbsp;filings of
tax withholding documents with the Tax Bureau and payment of the applicable withholdings tax, and (iv)&nbsp;filings with the Seller Parties&rsquo;
commercial bank consistent with the regulatory requirements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2.7.1</B></FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#33258;&#31614;&#32626;&#26085;&#36215;&#33267;&#20132;&#21106;&#26085;&#27490;&#65292;&#27599;&#19968;&#26041;&#24212;&#23613;&#26368;&#22823;&#21162;&#21147;&#37319;&#21462;&#25110;&#20419;&#20351;&#37319;&#21462;&#19968;&#20999;&#24517;&#35201;&#12289;&#36866;&#24403;&#25110;&#21487;&#21462;&#30340;&#34892;&#21160;&#65292;&#20197;&#23653;&#34892;&#26412;&#21327;&#35758;&#35268;&#23450;&#30340;&#21508;&#26041;&#20041;&#21153;&#24182;&#28385;&#36275;&#20808;&#20915;&#26465;&#20214;&#65292;&#24182;&#22312;&#31614;&#32626;&#26085;&#21518;&#24182;&#22312;&#23454;&#38469;&#21487;&#34892;&#33539;&#22260;&#20869;&#23613;&#24555;&#20351;&#32929;&#26435;&#36716;&#35753;&#21450;&#36141;&#20080;&#20215;&#27454;&#21644;&#22686;&#36164;&#30340;&#39318;&#31508;&#20184;&#27454;&#29983;&#25928;&#65292;&#24182;&#23601;&#21069;&#36848;&#20107;&#23452;&#30456;&#20114;&#21512;&#20316;&#65292;&#21253;&#25324;&#21462;&#24471;&#26681;&#25454;&#26412;&#21327;&#35758;&#21512;&#27861;&#36827;&#34892;&#32929;&#26435;&#36716;&#35753;&#21644;&#22686;&#36164;&#25152;&#38656;&#30340;&#20219;&#20309;&#25919;&#24220;&#26426;&#20851;&#30340;&#26377;&#25928;&#25480;&#26435;&#12289;&#25209;&#20934;&#12289;&#35768;&#21487;&#25110;&#22791;&#26696;&#65288;&#22914;&#26377;&#65289;&#65292;&#21253;&#25324;&#20294;&#19981;&#38480;&#20110;&#21271;&#20140;&#24066;&#28023;&#28096;&#21306;&#24066;&#22330;&#30417;&#30563;&#31649;&#29702;&#23616;&#12289;&#31246;&#21153;&#37096;&#38376;&#12289;&#21830;&#21153;&#37096;&#38376;&#21644;&#22806;&#27719;&#31649;&#29702;&#37096;&#38376;&#23601;&#65288;i&#65289;&#21521;&#21271;&#20140;&#24066;&#28023;&#28096;&#21306;&#24066;&#22330;&#30417;&#30563;&#31649;&#29702;&#23616;&#22791;&#26696;VRB&#20013;&#22269;&#32929;&#19996;&#25152;&#26377;&#26435;&#26435;&#30410;&#21464;&#26356;&#65292;&#65288;ii&#65289;&#21521;&#21271;&#20140;&#24066;&#28023;&#28096;&#21306;&#24066;&#22330;&#30417;&#30563;&#31649;&#29702;&#23616;&#22791;&#26696;VRB&#20013;&#22269;&#31456;&#31243;&#12289;&#32929;&#19996;&#21517;&#20876;&#21644;&#31649;&#29702;&#22242;&#38431;&#65288;&#21253;&#25324;&#33891;&#20107;&#65289;&#21464;&#26356;&#65292;&#65288;iii&#65289;&#21521;&#31246;&#21153;&#37096;&#38376;&#25552;&#20132;&#25187;&#32564;&#31246;&#27454;&#25991;&#20214;&#24182;&#32564;&#32435;&#36866;&#29992;&#30340;&#25187;&#32564;&#31246;&#27454;&#65292;&#20197;&#21450;&#65288;iv&#65289;&#25353;&#29031;&#30417;&#31649;&#35201;&#27714;&#21521;&#21334;&#26041;&#20840;&#20307;&#30340;&#21830;&#19994;&#38134;&#34892;&#25552;&#20132;&#22791;&#26696;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2.7.2&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT>From
and after the Execution Date until the Completion Date, no Party may authorize or direct for any withdrawal or payment of funds from
the Mutual Account unless such authorization or direction is made pursuant to the Mutual Account Instructions or a writing signed by
a representative of each of Purchaser and IE Beijing that is authorized on the Mutual Account.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2.7.2&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#33258;&#31614;&#32626;&#26085;&#36215;&#33267;&#20132;&#21106;&#26085;&#27490;&#65292;&#20219;&#20309;&#19968;&#26041;&#19981;&#24471;&#25480;&#26435;&#25110;&#25351;&#31034;&#20174;&#20849;&#21516;&#36134;&#25143;&#20013;&#25552;&#21462;&#25110;&#25903;&#20184;&#36164;&#37329;&#65292;&#38500;&#38750;&#35813;&#25480;&#26435;&#25110;&#25351;&#31034;&#26159;&#26681;&#25454;&#20849;&#21516;&#36134;&#25143;&#25351;&#31034;&#25110;&#30001;&#20080;&#26041;&#21644;</FONT>IE<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21271;&#20140;&#21508;&#33258;&#22312;&#20849;&#21516;&#36134;&#25143;&#19978;&#33719;&#24471;&#25480;&#26435;&#30340;&#20195;&#34920;&#20849;&#21516;&#31614;&#32626;&#30340;&#20070;&#38754;&#25991;&#20214;&#20316;&#20986;&#30340;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2.7.3&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT>VRB
Cayman hereby covenants and agrees that, for a period from the Execution Date to the Completion Date, it shall not, directly or indirectly,
sell, transfer, assign, pledge, or otherwise dispose of any of the Target Equity in VRB China without the prior consent of Purchaser.
Any attempted transfer or disposition in violation of this covenant shall be deemed null and void and shall not be recognized by VRB
China, Purchaser, or any third party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2.7.3</B></FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#22312;&#27492;&#25215;&#35834;&#24182;&#21516;&#24847;&#65292;&#33258;&#31614;&#32626;&#26085;&#36215;&#33267;&#20132;&#21106;&#26085;&#27490;&#26399;&#38388;&#65292;&#26410;&#32463;&#20080;&#26041;&#20107;&#20808;&#21516;&#24847;&#65292;&#20854;&#19981;&#24471;&#30452;&#25509;&#25110;&#38388;&#25509;&#20986;&#21806;&#12289;&#36716;&#35753;&#12289;&#35753;&#19982;&#12289;&#36136;&#25276;&#25110;&#20197;&#20854;&#20182;&#26041;&#24335;&#22788;&#32622;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#30340;&#20219;&#20309;&#30446;&#26631;&#32929;&#26435;&#12290;&#20219;&#20309;&#36829;&#21453;&#26412;&#32422;&#23450;&#30340;&#36716;&#35753;&#25110;&#22788;&#32622;&#20225;&#22270;&#22343;&#35270;&#20026;&#26080;&#25928;&#65292;&#19988;&#19981;&#20026;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#12289;&#20080;&#26041;&#25110;&#20219;&#20309;&#31532;&#19977;&#26041;&#25152;&#35748;&#21487;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2.7.4&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT>Purchaser
covenants and agrees that, for a period from the Execution Date until the Completion Date, it shall not, directly or indirectly, sell,
transfer, assign, pledge, or otherwise dispose of any of the part of the Target Equity in VRB China without the prior consent of VRB
Cayman. Any attempted transfer or disposition in violation of this covenant shall be deemed null and void and shall not be recognized
by VRB China, VRB Cayman or any third party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2.7.4&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20080;&#26041;&#25215;&#35834;&#24182;&#21516;&#24847;&#65292;&#33258;&#31614;&#32626;&#26085;&#36215;&#33267;&#20132;&#21106;&#26085;&#27490;&#65292;&#26410;&#32463;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#20107;&#20808;&#21516;&#24847;&#65292;&#20080;&#26041;&#19981;&#24471;&#30452;&#25509;&#25110;&#38388;&#25509;&#20986;&#21806;&#12289;&#36716;&#35753;&#12289;&#36136;&#25276;&#25110;&#20197;&#20854;&#20182;&#26041;&#24335;&#22788;&#32622;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#30340;&#20219;&#20309;&#30446;&#26631;&#32929;&#26435;&#12290;&#20219;&#20309;&#36829;&#21453;&#26412;&#32422;&#23450;&#30340;&#36716;&#35753;&#25110;&#22788;&#32622;&#20225;&#22270;&#22343;&#35270;&#20026;&#26080;&#25928;&#65292;&#19988;&#19981;&#20026;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#12289;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#25110;&#20219;&#20309;&#31532;&#19977;&#26041;&#25152;&#35748;&#21487;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2.7.5&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT>From
the Execution Date until the Completion Date, except as otherwise provided in this Agreement or the Transition Plan, or as consented
to in writing by Purchaser (which consent shall not be unreasonably withheld, conditioned or delayed), the Seller Parties shall: (a)&nbsp;use
commercially reasonable efforts to conduct the Business in the ordinary course in all material respects; and (b)&nbsp;use commercially
reasonable efforts to maintain and preserve intact the current organization, business and franchise of VRB China and to preserve its
rights, franchises, goodwill and relationships with its employees, customers, lenders, suppliers, regulators and others having business
relationships with VRB China.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2.7.5&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#33258;&#31614;&#32626;&#26085;&#36215;&#33267;&#20132;&#21106;&#26085;&#27490;&#65292;&#38500;&#38750;&#26412;&#21327;&#35758;&#25110;&#36807;&#28193;&#35745;&#21010;&#21478;&#26377;&#35268;&#23450;&#65292;&#25110;&#32463;&#20080;&#26041;&#20070;&#38754;&#21516;&#24847;&#65288;&#35813;&#21516;&#24847;&#19981;&#24471;&#26080;&#29702;&#25298;&#32477;&#12289;&#38468;&#21152;&#26465;&#20214;&#25110;&#24310;&#36831;&#65289;&#65292;&#21334;&#26041;&#20840;&#20307;&#24212;&#65306;&#65288;</FONT>a<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#23613;&#21830;&#19994;&#19978;&#21512;&#29702;&#30340;&#21162;&#21147;&#22312;&#25152;&#26377;&#37325;&#22823;&#26041;&#38754;&#25353;&#27491;&#24120;&#31243;&#24207;&#24320;&#23637;&#19994;&#21153;&#65307;&#21450;&#65288;</FONT>b<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#23613;&#21830;&#19994;&#19978;&#21512;&#29702;&#30340;&#21162;&#21147;&#32500;&#25252;&#21644;&#20445;&#23384;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#29616;&#26377;&#30340;&#32452;&#32455;&#12289;&#19994;&#21153;&#21644;&#29305;&#35768;&#32463;&#33829;&#26435;&#65292;&#24182;&#32500;&#25252;&#20854;&#26435;&#21033;&#12289;&#29305;&#35768;&#32463;&#33829;&#26435;&#12289;&#21830;&#35465;&#20197;&#21450;&#19982;&#20854;&#21592;&#24037;&#12289;&#23458;&#25143;&#12289;&#36151;&#27454;&#20154;&#12289;&#20379;&#24212;&#21830;&#12289;&#30417;&#31649;&#26426;&#26500;&#21450;&#20854;&#20182;&#19982;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#26377;&#19994;&#21153;&#20851;&#31995;&#30340;&#21508;&#26041;&#30340;&#20851;&#31995;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2.8.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Withholding
Tax </B></FONT><B>and Expenses</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>2.8.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>&#39044;&#25187;&#31246;&#21644;&#36153;&#29992;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2.8.1&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT>VRB
Cayman acknowledges that Purchaser has obligation to make the <B>Withholding Tax Filing</B> (the &ldquo;Withholding Tax Filing&rdquo;)
in respect of the Equity Transfer with the competent Governmental Authority in accordance with applicable PRC taxation Laws. For the
avoidance of doubt, unless required otherwise by applicable PRC taxation Laws and the competent Governmental Authority, the Purchase
Price payable by Purchaser for Equity Transfer under this Agreement shall be used as the consideration for the sale of the Transferred
Interests, and the corresponding percentage of the paid-in capital of VRB China shall be used as the VRB Cayman&rsquo;s cost of investment
for such portion of equity interest, in calculating the amount of VRB Cayman&rsquo;s gain for the purpose of the Withholding Tax Filing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2.8.1</B></FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#30830;&#35748;&#65292;&#20080;&#26041;&#26377;&#20041;&#21153;&#26681;&#25454;&#36866;&#29992;&#30340;&#20013;&#22269;&#31246;&#27861;&#21521;&#20027;&#31649;&#25919;&#24220;&#26426;&#20851;&#23601;&#26412;&#27425;&#32929;&#26435;&#36716;&#35753;&#36827;&#34892;&#39044;&#25187;&#31246;&#30003;&#25253;&#65288;&#20197;&#19979;&#31616;&#31216;&ldquo;<B>&#39044;&#25187;&#31246;&#30003;&#25253;</B>&rdquo;&#65289;&#12290;&#20026;&#36991;&#20813;&#30097;&#20041;&#65292;&#38500;&#38750;&#36866;&#29992;&#30340;&#20013;&#22269;&#31246;&#27861;&#21644;&#25919;&#24220;&#37096;&#38376;&#21478;&#26377;&#35201;&#27714;&#65292;&#22312;&#20026;&#39044;&#25187;&#31246;&#30003;&#25253;&#35745;&#31639;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#25910;&#30410;&#37329;&#39069;&#26102;&#65292;&#20080;&#26041;&#26681;&#25454;&#26412;&#21327;&#35758;&#24212;&#20184;&#30340;&#32929;&#26435;&#36716;&#35753;&#36141;&#20080;&#20215;&#27454;&#24212;&#20316;&#20026;&#36716;&#35753;&#26435;&#30410;&#20986;&#21806;&#30340;&#23545;&#20215;&#65292;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#23454;&#32564;&#36164;&#26412;&#30340;&#23545;&#24212;&#27604;&#20363;&#24212;&#20316;&#20026;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#23545;&#35813;&#37096;&#20998;&#32929;&#26435;&#30340;&#25237;&#36164;&#25104;&#26412;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2.8.2&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT>Purchaser
shall provide to VRB Cayman a draft of the Withholding Tax Filing at least 10 days before the deadline of the Withholding Tax Filing
required under applicable PRC taxation Laws and shall incorporate any reasonable comments on such draft Withholding Tax Filing to be
provided by VRB Cayman. Purchaser shall provide a copy of such Withholding Tax Filing to VRB Cayman as soon as reasonably practicable
after Purchaser submits it to the competent tax bureau.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2.8.2</B></FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20080;&#26041;&#24212;&#22312;&#36866;&#29992;&#30340;&#20013;&#21326;&#20154;&#27665;&#20849;&#21644;&#22269;&#31246;&#25910;&#27861;&#24459;&#35268;&#23450;&#30340;&#39044;&#25187;&#31246;&#30003;&#25253;&#25130;&#27490;&#26085;&#26399;&#21069;&#33267;&#23569;</FONT>10<FONT STYLE="font-family: Times New Roman, Times, Serif">&#22825;&#21521;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#25552;&#20379;&#39044;&#25187;&#31246;&#30003;&#25253;&#33609;&#26696;&#65292;&#24182;&#24212;&#32435;&#20837;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#23601;&#35813;&#39044;&#25187;&#31246;&#30003;&#25253;&#33609;&#26696;&#25552;&#20379;&#30340;&#20219;&#20309;&#21512;&#29702;&#24847;&#35265;&#12290;&#20080;&#26041;&#24212;&#22312;&#21521;&#20027;&#31649;&#31246;&#21153;&#23616;&#25552;&#20132;&#39044;&#25187;&#31246;&#30003;&#25253;&#21518;&#65292;&#22312;&#21512;&#29702;&#21487;&#34892;&#30340;&#24773;&#20917;&#19979;&#23613;&#24555;&#21521;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#25552;&#20379;&#35813;&#39044;&#25187;&#31246;&#30003;&#25253;&#30340;&#21103;&#26412;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2.8.3&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT>Within
the deadline for payment as set out in the payment demand issued by the competent tax bureau to Purchaser in relation to the Withholding
Tax to be paid by Purchaser, Purchaser shall pay the non-resident enterprise income (capital gain) withholding tax as assessed by the
competent Tax Bureau and shall provide a copy of the tax payment receipt issued by the competent Tax bureau in respect of the payment
of the withholding tax by Purchaser to VRB Cayman as soon as reasonably practicable after Purchaser has received the same from the competent
Tax bureau. The Parties shall prepare and have their respective authorized representatives execute joint written instructions directing
the bank to transfer from the Mutual Account the payment of the Withholding Tax.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2.8.3</B></FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#22312;&#20027;&#31649;&#31246;&#21153;&#23616;&#21521;&#20080;&#26041;&#21457;&#20986;&#30340;&#20184;&#27454;&#35201;&#27714;&#20013;&#35268;&#23450;&#30340;&#20184;&#27454;&#25130;&#27490;&#26085;&#26399;&#20869;&#65292;&#20080;&#26041;&#24212;&#25903;&#20184;&#20027;&#31649;&#31246;&#21153;&#23616;&#35780;&#20272;&#30340;&#39044;&#25187;&#31246;&#65292;&#24182;&#22312;&#20080;&#26041;&#25910;&#21040;&#20027;&#31649;&#31246;&#21153;&#23616;&#30340;&#39044;&#25187;&#31246;&#21518;&#65292;&#23613;&#24555;&#21521;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#25552;&#20379;&#20027;&#31649;&#31246;&#21153;&#23616;&#23601;&#20080;&#26041;&#25903;&#20184;&#39044;&#25187;&#31246;&#20986;&#20855;&#30340;&#32435;&#31246;&#25910;&#25454;&#21103;&#26412;&#12290;&#21508;&#26041;&#24212;&#20934;&#22791;&#24182;&#35753;&#21508;&#33258;&#30340;&#25480;&#26435;&#20195;&#34920;&#31614;&#32626;&#32852;&#21512;&#20070;&#38754;&#25351;&#31034;&#65292;&#25351;&#31034;&#38134;&#34892;&#20174;&#20849;&#21516;&#36134;&#25143;&#20013;&#36716;&#36134;&#25903;&#20184;&#39044;&#25187;&#31246;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2.8.4&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT>Purchaser
shall use its best reasonable efforts to cause the payment of the Withholding Tax under this Section&nbsp;2.8 shall be done in conformity
with Paragraph 3 of Article&nbsp;7 of PRC State Administration of Taxation Announcement [2017] No.&nbsp;37 (<I>Announcement of the State
Administration of Taxation on Issues Relating to Withholding at Source of Income Tax of Non-resident Enterprises</I>), as amended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2.8.4</B></FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#20080;&#26041;&#24212;&#23613;&#26368;&#22823;&#21512;&#29702;&#21162;&#21147;&#20351;&#26412;&#31532;
2.8 &#26465;&#35268;&#23450;&#30340;&#39044;&#25187;&#31246;&#30340;&#25903;&#20184;&#31526;&#21512;&#20462;&#35746;&#21518;&#30340;&#12298;&#20013;&#21326;&#20154;&#27665;&#20849;&#21644;&#22269;&#22269;&#23478;&#31246;&#21153;&#24635;&#23616;&#20844;&#21578;[2017]&#31532;
37 &#21495;&#12299;&#65288;&#12298;&#22269;&#23478;&#31246;&#21153;&#24635;&#23616;&#20851;&#20110;&#38750;&#23621;&#27665;&#20225;&#19994;&#25152;&#24471;&#31246;&#28304;&#27849;&#25187;&#32564;&#26377;&#20851;&#38382;&#39064;&#30340;&#20844;&#21578;&#12299;&#65289;&#31532;&#19971;&#26465;&#31532;&#19977;&#27454;&#30340;&#35268;&#23450;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2.8.5&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Stamp
Duties. </B>The stamp duties on the Equity Interest and the Capital Increase shall be borne and paid by the respective Parties in accordance
with applicable PRC taxation Laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><FONT STYLE="font-size: 10pt">2.8.5</FONT><B>&#21360;&#33457;&#31246;&#12290;
</B>&#32929;&#26435;&#21644;&#22686;&#36164;&#30340;&#21360;&#33457;&#31246;&#24212;&#30001;&#21508;&#26041;&#26681;&#25454;&#36866;&#29992;&#30340;&#20013;&#21326;&#20154;&#27665;&#20849;&#21644;&#22269;&#31246;&#25910;&#27861;&#24459;&#25215;&#25285;&#21644;&#25903;&#20184;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2.8.6&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Transaction
Expenses</B>. Purchaser and VRB Cayman shall pay their respective costs and expenses incurred in connection with the negotiation, execution,
delivery and performance of this Agreement and other Transaction Agreements and the transactions contemplated hereby and thereby; provided
that, VRB Cayman shall be responsible for all costs and expenses in connection with the preparation of Withholding Tax Filing, including
without limitation, expenses of preparing valuation report.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2.8.6&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20132;&#26131;&#36153;&#29992;&#12290;</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20080;&#26041;&#21644;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#24212;&#25903;&#20184;&#21508;&#33258;&#22240;&#35848;&#21028;&#12289;&#31614;&#32626;&#12289;&#20132;&#20184;&#21644;&#23653;&#34892;&#26412;&#21327;&#35758;&#21644;&#20854;&#20182;&#20132;&#26131;&#21327;&#35758;&#20197;&#21450;&#25454;&#27492;&#25311;&#36827;&#34892;&#30340;&#20132;&#26131;&#32780;&#20135;&#29983;&#30340;&#25104;&#26412;&#21644;&#36153;&#29992;&#65307;&#20294;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#24212;&#36127;&#36131;&#19982;&#20934;&#22791;&#39044;&#25187;&#31246;&#30003;&#25253;&#26377;&#20851;&#30340;&#25152;&#26377;&#25104;&#26412;&#21644;&#36153;&#29992;&#65292;&#21253;&#25324;&#20294;&#19981;&#38480;&#20110;&#20934;&#22791;&#20272;&#20540;&#25253;&#21578;&#30340;&#36153;&#29992;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>Article&nbsp;III
</B></FONT><B><FONT STYLE="text-transform: uppercase"><U><BR>
</U>Representations and Warranties of the Seller Parties</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; text-transform: uppercase"><B>&#31532;&#19977;&#26465;</B></FONT><B><FONT STYLE="text-transform: uppercase"><BR>
 &#21334;&#26041;&#20840;&#20307;&#30340;&#38472;&#36848;&#21644;&#20445;&#35777;</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Seller Parties hereby represent and warrant to Purchaser that, except as set forth on <U>Schedule II</U> attached hereto (the &ldquo;<B>Disclosure
Schedule</B>&rdquo;), which exceptions shall be deemed to be part of the representations and warranties made by the Seller Parties hereunder,
the following representations are true, correct and complete as of the </FONT><FONT STYLE="font-size: 10pt">Execution </FONT>Date and
the Control Acquisition Date, except as otherwise indicated. The Disclosure Schedule shall be arranged in sections corresponding to the
numbered and lettered sections contained in this <U>Article&nbsp;III</U>, and the disclosures in any section of the Disclosure Schedule
shall qualify other sections in this <U>Article&nbsp;III</U> only to the extent it is readily apparent from a reading of the disclosure
that such disclosure is applicable to such other sections.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#21334;&#26041;&#20840;&#20307;&#29305;&#27492;&#21521;&#20080;&#26041;&#38472;&#36848;&#21644;&#20445;&#35777;&#65292;&#38500;&#26412;&#21327;&#35758;&#25152;&#38468;<U>&#38468;&#34920;&#20108;</U>&#65288;&ldquo;<B>&#25259;&#38706;&#38468;&#34920;</B>&rdquo;&#65289;&#25152;&#21015;&#30340;&#20363;&#22806;&#24773;&#20917;&#65288;&#35813;&#31561;&#20363;&#22806;&#24773;&#20917;&#24212;&#34987;&#35270;&#20026;&#21334;&#26041;&#20840;&#20307;&#22312;&#26412;&#21327;&#35758;&#39033;&#19979;&#25152;&#20316;&#38472;&#36848;&#21644;&#20445;&#35777;&#30340;&#19968;&#37096;&#20998;&#65289;&#22806;&#65292;&#20197;&#19979;&#38472;&#36848;&#20110;&#31614;&#32626;&#26085;&#21644;&#25511;&#21046;&#26435;&#21462;&#24471;&#26085;&#22343;&#20026;&#30495;&#23454;&#21644;&#23436;&#25972;&#30340;&#65292;&#21478;&#26377;&#35828;&#26126;&#30340;&#38500;&#22806;&#12290;&#25259;&#38706;&#38468;&#34920;&#24212;&#25353;&#19982;&#26412;&#21327;&#35758;<U>&#31532;&#19977;&#26465;</U>&#25152;&#21547;&#32534;&#21495;&#21644;&#23383;&#27597;&#31456;&#33410;&#30456;&#23545;&#24212;&#30340;&#31456;&#33410;&#32534;&#25490;&#65292;&#25259;&#38706;&#38468;&#34920;&#20219;&#19968;&#31456;&#33410;&#20013;&#30340;&#25259;&#38706;&#20165;&#22312;&#38405;&#35835;&#25259;&#38706;&#20869;&#23481;&#21363;&#21487;&#26126;&#26174;&#30475;&#20986;&#35813;&#25259;&#38706;&#36866;&#29992;&#20110;&#26412;&#21327;&#35758;<U>&#31532;&#19977;&#26465;</U>&#20854;&#20182;&#31456;&#33410;&#30340;&#24773;&#20917;&#19979;&#65292;&#25165;&#31526;&#21512;&#26412;&#21327;&#35758;&#31532;&#19977;&#26465;&#20854;&#20182;&#31456;&#33410;&#30340;&#32422;&#23450;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Organization
and Authority of VRB Cayman</B>. VRB Cayman is a corporation duly organized, validly existing and in good standing under the laws of
the Cayman Islands. VRB Cayman has all necessary corporate power and authority to enter into this Agreement, to carry out its obligations
hereunder and to consummate the transactions contemplated hereby. The execution and delivery by VRB Cayman of this Agreement, the performance
by VRB Cayman of its obligations hereunder and the consummation by VRB Cayman of the transactions contemplated hereby have been duly
authorized by all requisite corporate action on the part of VRB Cayman. This Agreement has been duly executed and delivered by VRB Cayman,
and (assuming due authorization, execution and delivery by Purchaser) this Agreement constitutes a legal, valid and binding obligation
of VRB Cayman, enforceable against VRB Cayman in accordance with its terms, except as such enforceability may be limited by bankruptcy,
insolvency, reorganization, moratorium or similar laws affecting creditors' rights generally and by general principles of equity (regardless
of whether enforcement is sought in a proceeding at law or in equity).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;VRB</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#30340;&#32452;&#32455;&#21644;&#25480;&#26435;&#12290;</FONT></B>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#26159;&#19968;&#23478;&#26681;&#25454;&#24320;&#26364;&#32676;&#23707;&#27861;&#24459;&#27491;&#24335;&#32452;&#32455;&#12289;&#26377;&#25928;&#23384;&#22312;&#19988;&#20449;&#35465;&#33391;&#22909;&#30340;&#20844;&#21496;&#12290;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#25317;&#26377;&#31614;&#35746;&#26412;&#21327;&#35758;&#12289;&#23653;&#34892;&#20854;&#22312;&#26412;&#21327;&#35758;&#39033;&#19979;&#30340;&#20041;&#21153;&#20197;&#21450;&#23436;&#25104;&#26412;&#21327;&#35758;&#32422;&#23450;&#30340;&#20132;&#26131;&#25152;&#38656;&#30340;&#19968;&#20999;&#20844;&#21496;&#26435;&#21147;&#21644;&#25480;&#26435;&#12290;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#31614;&#32626;&#21644;&#20132;&#20184;&#26412;&#21327;&#35758;&#12289;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#23653;&#34892;&#20854;&#22312;&#26412;&#21327;&#35758;&#39033;&#19979;&#30340;&#20041;&#21153;&#20197;&#21450;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#23436;&#25104;&#26412;&#21327;&#35758;&#32422;&#23450;&#30340;&#20132;&#26131;&#24050;&#33719;&#24471;
</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#26041;&#38754;&#25152;&#26377;&#24517;&#35201;&#30340;&#20844;&#21496;&#34892;&#21160;&#30340;&#27491;&#24335;&#25480;&#26435;&#12290;&#26412;&#21327;&#35758;&#24050;&#30001;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#27491;&#24335;&#31614;&#32626;&#21644;&#20132;&#20184;&#65292;&#24182;&#19988;&#65288;&#20551;&#23450;&#30001;&#20080;&#26041;&#36866;&#24403;&#25480;&#26435;&#12289;&#31614;&#32626;&#21644;&#20132;&#20184;&#65289;&#26412;&#21327;&#35758;&#26500;&#25104;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#30340;&#21512;&#27861;&#12289;&#26377;&#25928;&#21644;&#20855;&#26377;&#32422;&#26463;&#21147;&#30340;&#20041;&#21153;&#65292;&#21487;&#26681;&#25454;&#20854;&#26465;&#27454;&#23545;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#24378;&#21046;&#25191;&#34892;&#65292;&#20294;&#21463;&#30772;&#20135;&#12289;&#36164;&#19981;&#25269;&#20538;&#12289;&#37325;&#32452;&#12289;&#24310;&#26399;&#20607;&#20184;&#25110;&#24433;&#21709;&#20538;&#26435;&#20154;&#26435;&#21033;&#30340;&#31867;&#20284;&#27861;&#24459;&#20197;&#21450;&#19968;&#33324;&#34913;&#24179;&#27861;&#21407;&#21017;&#65288;&#26080;&#35770;&#26159;&#21542;&#22312;&#27861;&#24459;&#31243;&#24207;&#25110;&#34913;&#24179;&#27861;&#31243;&#24207;&#20013;&#23547;&#27714;&#24378;&#21046;&#25191;&#34892;&#65289;&#38480;&#21046;&#30340;&#24378;&#21046;&#25191;&#34892;&#38500;&#22806;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Organization,
Authority, and Qualification of VRB China</B>. VRB China is a corporation duly organized, validly existing and in good standing under
the laws of the PRC and has all necessary corporate power and authority to own, operate or lease the properties and assets now owned,
operated or leased by it and to carry on its business as it is currently conducted. VRB China is duly licensed or qualified to do business
and is in good standing in each jurisdiction in which the properties owned or leased by it or the operation of its business as currently
conducted makes such licensing or qualification necessary, except where the failure to be so licensed, qualified or in good standing
would not have a Material Adverse Effect. The execution and delivery by VRB China of this Agreement, the performance by VRB China of
its obligations hereunder and the consummation by VRB China of the transactions contemplated hereby have been duly authorized by all
requisite corporate action on the part of VRB China. This Agreement has been duly executed and delivered by VRB China, and (assuming
due authorization, execution and delivery by Purchaser) this Agreement constitutes a legal, valid and binding obligation of VRB China,
enforceable against VRB China in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization,
moratorium or similar laws affecting creditors' rights generally and by general principles of equity (regardless of whether enforcement
is sought in a proceeding at law or in equity).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;VRB</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#30340;&#32452;&#32455;&#12289;&#25480;&#26435;&#21644;&#36164;&#26684;&#12290;</FONT></B>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#26159;&#19968;&#23478;&#26681;&#25454;&#20013;&#21326;&#20154;&#27665;&#20849;&#21644;&#22269;&#27861;&#24459;&#27491;&#24335;&#32452;&#24314;&#12289;&#26377;&#25928;&#23384;&#32493;&#19988;&#20449;&#35465;&#33391;&#22909;&#30340;&#20844;&#21496;&#65292;&#25317;&#26377;&#19968;&#20999;&#24517;&#35201;&#30340;&#20844;&#21496;&#26435;&#21147;&#21644;&#25480;&#26435;&#65292;&#20197;&#25317;&#26377;&#12289;&#32463;&#33829;&#25110;&#31199;&#36161;&#20854;&#30446;&#21069;&#25317;&#26377;&#12289;&#32463;&#33829;&#25110;&#31199;&#36161;&#30340;&#36130;&#20135;&#21644;&#36164;&#20135;&#65292;&#24182;&#25353;&#20854;&#30446;&#21069;&#30340;&#32463;&#33829;&#26041;&#24335;&#24320;&#23637;&#19994;&#21153;&#12290;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#22312;&#20854;&#25317;&#26377;&#25110;&#31199;&#36161;&#30340;&#29289;&#19994;&#25110;&#20854;&#30446;&#21069;&#24320;&#23637;&#30340;&#19994;&#21153;&#36816;&#33829;&#20351;&#20854;&#26377;&#24517;&#35201;&#33719;&#24471;&#27492;&#31867;&#35768;&#21487;&#25110;&#36164;&#26684;&#30340;&#21508;&#21496;&#27861;&#31649;&#36758;&#21306;&#22343;&#24050;&#33719;&#24471;&#27491;&#24335;&#35768;&#21487;&#25110;&#36164;&#26684;&#65292;&#19988;&#20449;&#35465;&#33391;&#22909;&#65292;&#38500;&#38750;&#26410;&#33021;&#33719;&#24471;&#27492;&#31867;&#35768;&#21487;&#12289;&#36164;&#26684;&#25110;&#20449;&#35465;&#33391;&#22909;&#19981;&#20250;&#20135;&#29983;&#37325;&#22823;&#19981;&#21033;&#24433;&#21709;&#12290;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#31614;&#32626;&#21644;&#20132;&#20184;&#26412;&#21327;&#35758;&#12289;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#23653;&#34892;&#20854;&#22312;&#26412;&#21327;&#35758;&#39033;&#19979;&#30340;&#20041;&#21153;&#20197;&#21450;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#23436;&#25104;&#26412;&#21327;&#35758;&#32422;&#23450;&#30340;&#20132;&#26131;&#65292;&#22343;&#24050;&#33719;&#24471;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#26041;&#38754;&#25152;&#26377;&#24517;&#35201;&#30340;&#20844;&#21496;&#34892;&#21160;&#30340;&#27491;&#24335;&#25480;&#26435;&#12290;&#26412;&#21327;&#35758;&#24050;&#30001;
</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#27491;&#24335;&#31614;&#32626;&#21644;&#20132;&#20184;&#65292;&#19988;&#65288;&#20551;&#23450;&#20080;&#26041;&#36866;&#24403;&#25480;&#26435;&#12289;&#31614;&#32626;&#21644;&#20132;&#20184;&#65289;&#26412;&#21327;&#35758;&#26500;&#25104;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#30340;&#21512;&#27861;&#12289;&#26377;&#25928;&#21644;&#20855;&#26377;&#32422;&#26463;&#21147;&#30340;&#20041;&#21153;&#65292;&#21487;&#26681;&#25454;&#20854;&#26465;&#27454;&#23545;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#24378;&#21046;&#25191;&#34892;&#65292;&#20294;&#21463;&#30772;&#20135;&#12289;&#36164;&#19981;&#25269;&#20538;&#12289;&#37325;&#32452;&#12289;&#24310;&#26399;&#20607;&#20184;&#25110;&#24433;&#21709;&#20538;&#26435;&#20154;&#26435;&#21033;&#30340;&#31867;&#20284;&#27861;&#24459;&#20197;&#21450;&#19968;&#33324;&#34913;&#24179;&#27861;&#21407;&#21017;&#65288;&#26080;&#35770;&#26159;&#21542;&#22312;&#27861;&#24459;&#31243;&#24207;&#25110;&#34913;&#24179;&#27861;&#31243;&#24207;&#20013;&#23547;&#27714;&#24378;&#21046;&#25191;&#34892;&#65289;&#38480;&#21046;&#30340;&#24378;&#21046;&#25191;&#34892;&#38500;&#22806;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.3.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Capitalization</B></FONT>.
The structure of VRB China&rsquo;s registered capital described in the Articles of Association registered and filed with AMR is completely
consistent with that described in the Articles of Association provided by VRB China to Purchaser and accurately and completely reflects
the capital structure of VRB China before the Completion of the transaction, except for the unpaid capital of VRB China as described
on <U>Section 3.3</U> of the Disclosure Schedule. All of the equity interests are validly and legally owned of record and beneficially
by VRB Cayman; other than the Unpaid Transferred Interests VRB Cayman has fully paid capital contribution with respect to all of the
equity interests of VRB China and all of equity interests of VRB China are free and clear of all Encumbrances. There are no outstanding
or authorized options, warrants, convertible securities or other rights, agreements, arrangements or commitments of any character relating
to the equity interests in VRB China or obligating any Seller Party to issue or sell the equity interests in, or any other interest in,
VRB China. VRB China does not have outstanding or authorized any equity appreciation, phantom equity, profit participation or similar
rights. There are no voting trusts, shareholder agreements, proxies or other agreements or understandings in effect with respect to the
voting or transfer of any of the equity interests of VRB China.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.3.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#36164;&#26412;&#21270;&#12290;VRB&#20013;&#22269;&#21521;&#21271;&#20140;&#24066;&#28023;&#28096;&#21306;&#24066;&#22330;&#30417;&#30563;&#31649;&#29702;&#23616;&#27880;&#20876;&#21644;&#23384;&#26723;&#30340;&#20844;&#21496;&#31456;&#31243;&#20013;&#25551;&#36848;&#30340;VRB&#20013;&#22269;&#27880;&#20876;&#36164;&#26412;&#32467;&#26500;&#19982;VRB&#20013;&#22269;&#21521;&#20080;&#26041;&#25552;&#20379;&#30340;&#20844;&#21496;&#31456;&#31243;&#20013;&#25551;&#36848;&#30340;&#32467;&#26500;&#23436;&#20840;&#19968;&#33268;&#65292;&#24182;&#20934;&#30830;&#21644;&#23436;&#25972;&#22320;&#21453;&#26144;&#20102;
VRB&#20013;&#22269;&#22312;&#20132;&#26131;&#23436;&#25104;&#21069;&#30340;&#36164;&#26412;&#32467;&#26500;&#65292;&#20294;&#25259;&#38706;&#38468;&#34920;<U>&#31532;
3.3 &#26465;</U>&#20013;&#25551;&#36848;&#30340; VRB&#20013;&#22269;&#26410;&#32564;&#20184;&#36164;&#26412;&#38500;&#22806;&#12290;&#25152;&#26377;&#32929;&#26435;&#22343;&#30001;VRB&#24320;&#26364;&#26377;&#25928;&#21644;&#21512;&#27861;&#22320;&#35760;&#24405;&#21644;&#23454;&#30410;&#25317;&#26377;&#65307;&#38500;&#26410;&#23454;&#32564;&#36716;&#35753;&#26435;&#30410;&#22806;&#65292;VRB&#24320;&#26364;&#24050;&#23601;VRB&#20013;&#22269;&#20840;&#37096;&#32929;&#26435;&#20840;&#39069;&#23454;&#32564;&#20986;&#36164;&#65292;&#24182;&#19988;VRB&#20013;&#22269;&#20840;&#37096;&#32929;&#26435;&#19981;&#38468;&#24102;&#20219;&#20309;&#26435;&#21033;&#36127;&#25285;&#12290;VRB&#20013;&#22269;&#19981;&#23384;&#22312;&#19982;VRB&#20013;&#22269;&#32929;&#26435;&#30456;&#20851;&#30340;&#20219;&#20309;&#24615;&#36136;&#30340;&#26410;&#34892;&#20351;&#25110;&#25480;&#26435;&#30340;&#26399;&#26435;&#12289;&#35748;&#32929;&#26435;&#35777;&#12289;&#21487;&#36716;&#25442;&#35777;&#21048;&#25110;&#20854;&#20182;&#26435;&#21033;&#12289;&#21327;&#35758;&#12289;&#23433;&#25490;&#25110;&#25215;&#35834;&#65292;&#20063;&#19981;&#23384;&#22312;&#36131;&#25104;&#20219;&#20309;&#21334;&#26041;&#21457;&#34892;&#25110;&#20986;&#21806;
VRB&#20013;&#22269;&#32929;&#26435;&#25110;&#20219;&#20309;&#20854;&#20182;&#26435;&#30410;&#30340;&#20041;&#21153;&#12290;VRB&#20013;&#22269;&#27809;&#26377;&#20219;&#20309;&#23578;&#26410;&#34892;&#20351;&#25110;&#25480;&#26435;&#34892;&#20351;&#30340;&#32929;&#26435;&#22686;&#20540;&#26435;&#12289;&#24433;&#23376;&#32929;&#26435;&#12289;&#21033;&#28070;&#21442;&#19982;&#26435;&#25110;&#31867;&#20284;&#26435;&#21033;&#12290;VRB&#20013;&#22269;&#19981;&#23384;&#22312;&#19982;&#20219;&#20309;&#32929;&#26435;&#30340;&#25237;&#31080;&#25110;&#36716;&#35753;&#26377;&#20851;&#30340;&#25237;&#31080;&#20449;&#25176;&#12289;&#32929;&#19996;&#21327;&#35758;&#12289;&#22996;&#25176;&#20070;&#25110;&#20854;&#20182;&#26377;&#25928;&#21327;&#35758;&#25110;&#35845;&#35299;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.4.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Subsidiaries.
</B>Except as set forth in <U>Section&nbsp;3.4</U> of the Disclosure Schedule, VRB China does not own, or have any interest in any shares
or have an ownership interest in any other Person. There are no outstanding options, warrants, rights, commitments, preemptive rights
or agreements of any kind to which VRB China or any of its Subsidiaries is a party or by which any of them is bound which would obligate
any of them to issue, deliver, purchase or sell any additional shares of capital stock, units, membership, or other equity or profit
interests of any kind in any of the Subsidiaries of VRB China.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.4.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#23376;&#20844;&#21496;&#12290;</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#38500;&#25259;&#38706;&#38468;&#34920;<U>&#31532;
</U></FONT><U>3.4 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;</FONT></U><FONT STYLE="font-family: Times New Roman, Times, Serif">&#25152;&#21015;&#24773;&#20917;&#22806;&#65292;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#19981;&#25317;&#26377;&#20219;&#20309;&#32929;&#20221;&#25110;&#20219;&#20309;&#26435;&#30410;&#65292;&#20063;&#19981;&#25317;&#26377;&#20219;&#20309;&#20854;&#20182;&#20154;&#22763;&#30340;&#25152;&#26377;&#32773;&#26435;&#30410;&#12290;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#25110;&#20854;&#20219;&#20309;&#38468;&#23646;&#20844;&#21496;&#22343;&#26080;&#20219;&#20309;&#26410;&#34892;&#20351;&#30340;&#26399;&#26435;&#12289;&#35748;&#32929;&#26435;&#35777;&#12289;&#26435;&#21033;&#12289;&#25215;&#35834;&#12289;&#20248;&#20808;&#36141;&#20080;&#26435;&#25110;&#20219;&#20309;&#31867;&#22411;&#30340;&#21327;&#35758;&#65292;&#32780;&#36825;&#20123;&#26399;&#26435;&#12289;&#35748;&#32929;&#26435;&#35777;&#12289;&#26435;&#21033;&#12289;&#25215;&#35834;&#12289;&#20248;&#20808;&#36141;&#20080;&#26435;&#25110;&#21327;&#35758;&#26159;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#25110;&#20854;&#20219;&#20309;&#38468;&#23646;&#20844;&#21496;&#30340;&#19968;&#26041;&#65292;&#25110;&#23545;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#25110;&#20854;&#20219;&#20309;&#38468;&#23646;&#20844;&#21496;&#20855;&#26377;&#32422;&#26463;&#21147;&#65292;&#20174;&#32780;&#20351;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#25110;&#20854;&#20219;&#20309;&#38468;&#23646;&#20844;&#21496;&#26377;&#20041;&#21153;&#21457;&#34892;&#12289;&#20132;&#20184;&#12289;&#36141;&#20080;&#25110;&#20986;&#21806;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#20219;&#20309;&#38468;&#23646;&#20844;&#21496;&#30340;&#20219;&#20309;&#39069;&#22806;&#32929;&#26412;&#12289;&#21333;&#32929;&#12289;&#25104;&#21592;&#36164;&#26684;&#25110;&#20854;&#20182;&#20219;&#20309;&#31867;&#22411;&#30340;&#32929;&#26435;&#25110;&#21033;&#28070;&#26435;&#30410;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.5.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>No
Conflicts; Consents</B>. The execution, delivery and performance by the Seller Parties of this Agreement, and the consummation of the
transactions contemplated hereby, do not and will not: (a)&nbsp;result in a violation or breach of any provision of the Articles of Association
of VRB China or the Memorandum and Articles of Association of VRB Cayman; (b)&nbsp;result in a violation or breach of any provision of
any law or governmental order applicable to a Seller Party; or (c)&nbsp;except as has been obtained or delivered prior to the Execution
Date (a copy of which has been provided to Purchaser), require the consent, notice or other action by any Person under, conflict with,
result in a violation or breach of, constitute a default under or result in the acceleration of any contract, except in the cases of
clauses (b)&nbsp;and (c), where the violation, breach, conflict, default, acceleration or failure to give notice or obtain consent would
not have a Material Adverse Effect. No consent, approval, permit, governmental order, declaration or filing with, or notice to, any Governmental
Authority is required by or with respect to Seller or VRB China in connection with the execution and delivery of this Agreement and the
consummation of the transactions contemplated hereby, except for such filings as are contemplated by this Agreement or where the failure
to make or obtain such consents, approvals, permits, governmental orders, declarations, filings, or notices would not have, in the aggregate,
a Material Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.5.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26080;&#20914;&#31361;</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#65307;<B>&#21516;&#24847;&#12290;</B>&#21334;&#26041;&#20840;&#20307;&#31614;&#32626;&#12289;&#20132;&#20184;&#21644;&#23653;&#34892;&#26412;&#21327;&#35758;&#65292;&#20197;&#21450;&#23436;&#25104;&#26412;&#21327;&#35758;&#32422;&#23450;&#30340;&#20132;&#26131;&#65292;&#29616;&#22312;&#21644;&#23558;&#26469;&#37117;&#19981;&#20250;&#65306;&#65288;</FONT>a<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#23548;&#33268;&#36829;&#21453;&#25110;&#36829;&#32972;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#20844;&#21496;&#31456;&#31243;&#25110;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#20844;&#21496;&#32452;&#32455;&#22823;&#32434;&#21644;&#31456;&#31243;&#30340;&#20219;&#20309;&#35268;&#23450;&#65307;&#65288;</FONT>b<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#23548;&#33268;&#36829;&#21453;&#36866;&#29992;&#20110;&#21334;&#26041;&#30340;&#20219;&#20309;&#27861;&#24459;&#25110;&#25919;&#24220;&#21629;&#20196;&#30340;&#20219;&#20309;&#35268;&#23450;&#65307;&#25110;&#65288;</FONT>c<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#38500;&#38750;&#22312;&#31614;&#32626;&#26085;&#20043;&#21069;&#24050;&#33719;&#24471;&#25110;&#20132;&#20184;&#65288;&#24050;&#21521;&#20080;&#26041;&#25552;&#20379;&#21103;&#26412;&#65289;&#65292;&#21542;&#21017;&#35201;&#27714;&#20219;&#20309;&#20154;&#22763;&#26681;&#25454;&#20219;&#20309;&#21512;&#21516;&#21516;&#24847;&#12289;&#36890;&#30693;&#25110;&#37319;&#21462;&#20854;&#20182;&#34892;&#21160;&#65292;&#19982;&#20219;&#20309;&#21512;&#21516;&#30456;&#20914;&#31361;&#65292;&#23548;&#33268;&#36829;&#21453;&#25110;&#36829;&#32972;&#20219;&#20309;&#21512;&#21516;&#65292;&#26500;&#25104;&#20219;&#20309;&#21512;&#21516;&#39033;&#19979;&#30340;&#36829;&#32422;&#25110;&#23548;&#33268;&#20219;&#20309;&#21512;&#21516;&#30340;&#25552;&#21069;&#23653;&#34892;&#65292;&#20294;&#22312;&#31532;&#65288;</FONT>b<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#21644;&#65288;</FONT>c<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#27454;&#30340;&#24773;&#20917;&#19979;&#65292;&#36829;&#21453;&#12289;&#36829;&#32972;&#12289;&#20914;&#31361;&#12289;&#36829;&#32422;&#12289;&#25552;&#21069;&#23653;&#34892;&#25110;&#26410;&#33021;&#21457;&#20986;&#36890;&#30693;&#25110;&#33719;&#24471;&#21516;&#24847;&#19981;&#20250;&#20135;&#29983;&#37325;&#22823;&#19981;&#21033;&#24433;&#21709;&#30340;&#38500;&#22806;&#12290;&#21334;&#26041;&#25110;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#26080;&#38656;&#23601;&#26412;&#21327;&#35758;&#30340;&#31614;&#32626;&#21644;&#20132;&#20184;&#20197;&#21450;&#26412;&#21327;&#35758;&#32422;&#23450;&#30340;&#20132;&#26131;&#30340;&#23436;&#25104;&#21521;&#20219;&#20309;&#25919;&#24220;&#26426;&#26500;&#25552;&#20132;&#21516;&#24847;&#12289;&#25209;&#20934;&#12289;&#35768;&#21487;&#12289;&#25919;&#24220;&#21629;&#20196;&#12289;&#22768;&#26126;&#25110;&#22791;&#26696;&#65292;&#20063;&#26080;&#38656;&#21521;&#20219;&#20309;&#25919;&#24220;&#26426;&#20851;&#21457;&#20986;&#36890;&#30693;&#65292;&#20294;&#26412;&#21327;&#35758;&#32422;&#23450;&#30340;&#27492;&#31867;&#22791;&#26696;&#38500;&#22806;&#65292;&#25110;&#32773;&#26410;&#33021;&#25552;&#20132;&#25110;&#33719;&#24471;&#27492;&#31867;&#21516;&#24847;&#12289;&#25209;&#20934;&#25110;&#35768;&#21487;&#12289;&#25919;&#24220;&#35746;&#21333;&#12289;&#22768;&#26126;&#12289;&#22791;&#26696;&#25110;&#36890;&#30693;&#24635;&#20307;&#19978;&#19981;&#20250;&#20135;&#29983;&#37325;&#22823;&#19981;&#21033;&#24433;&#21709;&#12290;
</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.6.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Valid
Equity Transfer and Capital Increase</B>. Assuming the accuracy of the representations of Purchaser in <U>Article&nbsp;IV</U> of this
Agreement, the Equity Transfer and Capital Increase, when delivered and filed in accordance with the terms and for the consideration
set forth in this Agreement, will be valid, legal and free of restrictions on transfer other than restrictions on transfer under the
Transaction Agreements, applicable securities laws and liens or encumbrances created by or imposed by Purchaser.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>3.6.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>&#26377;&#25928;&#30340;&#32929;&#26435;&#36716;&#35753;&#21644;&#22686;&#36164;&#12290;</B>&#20551;&#35774;&#20080;&#26041;&#22312;&#26412;&#21327;&#35758;<U>&#31532;&#22235;&#26465;</U>&#20013;&#30340;&#38472;&#36848;&#20934;&#30830;&#26080;&#35823;&#65292;&#32929;&#26435;&#36716;&#35753;&#21644;&#22686;&#36164;&#22312;&#26681;&#25454;&#26412;&#21327;&#35758;&#32422;&#23450;&#30340;&#26465;&#27454;&#21644;&#23545;&#20215;&#20132;&#20184;&#21644;&#22791;&#26696;&#26102;&#65292;&#23558;&#26159;&#26377;&#25928;&#12289;&#21512;&#27861;&#21644;&#26080;&#36716;&#35753;&#38480;&#21046;&#30340;&#65292;&#20294;&#20132;&#26131;&#21327;&#35758;&#12289;&#36866;&#29992;&#35777;&#21048;&#27861;&#21644;&#20080;&#26041;&#35774;&#31435;&#25110;&#26045;&#21152;&#30340;&#30041;&#32622;&#26435;&#25110;&#25269;&#25276;&#26435;&#35268;&#23450;&#30340;&#36716;&#35753;&#38480;&#21046;&#38500;&#22806;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.7.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Litigation</B>.
Except as set forth on <U>Section&nbsp;3.7</U> of the Disclosure Schedule, there are no actions, suits, claims, investigations or other
legal proceedings pending, or to the Seller Parties&rsquo; Knowledge, threatened against or by any Seller Party affecting the Business
or any of assets of VRB China or any of its Subsidiaries, which if determined adversely to such Seller Party would result in a Material
Adverse Affect. There are no actions, suits, claims, investigations or other legal proceedings in relation to the employee share incentive
plan at VRB Cayman level, or to the Seller Parties&rsquo; Knowledge, threatened against or by any Seller Party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.7.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#35785;&#35772;&#12290;</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#38500;&#25259;&#38706;&#38468;&#34920;<U>&#31532;
</U></FONT><U>3.7 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;</FONT></U><FONT STYLE="font-family: Times New Roman, Times, Serif">&#25152;&#21015;&#24773;&#20917;&#22806;&#65292;&#20219;&#20309;&#21334;&#26041;&#22343;&#19981;&#23384;&#22312;&#20219;&#20309;&#26410;&#20915;&#35785;&#35772;&#12289;&#36215;&#35785;&#12289;&#32034;&#36180;&#12289;&#35843;&#26597;&#25110;&#20854;&#20182;&#27861;&#24459;&#31243;&#24207;&#65292;&#25454;&#21334;&#26041;&#20840;&#20307;&#25152;&#30693;&#65292;&#20219;&#20309;&#21334;&#26041;&#20063;&#19981;&#23384;&#22312;&#20219;&#20309;&#38024;&#23545;&#25110;&#23041;&#32961;&#24433;&#21709;
</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#25110;&#20854;&#20219;&#20309;&#23376;&#20844;&#21496;&#30340;&#19994;&#21153;&#25110;&#20219;&#20309;&#36164;&#20135;&#30340;&#35785;&#35772;&#12289;&#36215;&#35785;&#12289;&#32034;&#36180;&#12289;&#35843;&#26597;&#25110;&#20854;&#20182;&#27861;&#24459;&#31243;&#24207;&#65292;&#22914;&#21028;&#23450;&#23545;&#35813;&#21334;&#26041;&#19981;&#21033;&#65292;&#23558;&#23548;&#33268;&#37325;&#22823;&#19981;&#21033;&#24433;&#21709;&#12290;&#22312;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#23618;&#38754;&#65292;&#19981;&#23384;&#22312;&#19982;&#21592;&#24037;&#32929;&#26435;&#28608;&#21169;&#35745;&#21010;&#26377;&#20851;&#30340;&#35785;&#35772;&#12289;&#36215;&#35785;&#12289;&#32034;&#36180;&#12289;&#35843;&#26597;&#25110;&#20854;&#20182;&#27861;&#24459;&#31243;&#24207;&#65292;&#25454;&#21334;&#26041;&#25152;&#30693;&#65292;&#20063;&#27809;&#26377;&#20219;&#20309;&#21334;&#26041;&#21463;&#21040;&#25110;&#23041;&#32961;&#35201;&#21463;&#21040;&#27492;&#31867;&#35785;&#35772;&#12289;&#36215;&#35785;&#12289;&#32034;&#36180;&#12289;&#35843;&#26597;&#25110;&#20854;&#20182;&#27861;&#24459;&#31243;&#24207;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.8.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Intellectual
Property</B></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>3.8.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>&#30693;&#35782;&#20135;&#26435;&#12290;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.8.1&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><U>Section&nbsp;3.8.1
</U>of the Disclosure Schedule lists all patents, patent applications, trademark registrations and pending applications for registration,
copyright registrations and pending applications for registration and internet domain name registrations owned by VRB China or its subsidiaries.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.8.1&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#25259;&#38706;&#38468;&#34920;<U>&#31532;
</U></FONT><U>3.8.1 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;</FONT></U><FONT STYLE="font-family: Times New Roman, Times, Serif">&#21015;&#20986;&#20102;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#25110;&#20854;&#23376;&#20844;&#21496;&#25317;&#26377;&#30340;&#25152;&#26377;&#19987;&#21033;&#12289;&#19987;&#21033;&#30003;&#35831;&#12289;&#21830;&#26631;&#27880;&#20876;&#21644;&#24453;&#25209;&#27880;&#20876;&#30003;&#35831;&#12289;&#29256;&#26435;&#27880;&#20876;&#21644;&#24453;&#25209;&#27880;&#20876;&#30003;&#35831;&#20197;&#21450;&#20114;&#32852;&#32593;&#22495;&#21517;&#27880;&#20876;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.8.2&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><U>Section&nbsp;3.8.2
</U>of the Disclosure Schedule lists all patents, patent applications, trademark registrations and pending applications for registration,
copyright registrations and pending applications for registration and internet domain name registrations not owned by VRB China as of
September&nbsp;23, 2024, but which are in the process of being assigned to VRB China or its subsidiaries. The Seller Parties have provided
Purchaser with copies of those assignments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.8.2</B></FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#25259;&#38706;&#38468;&#34920;<U>&#31532;
</U></FONT><U>3.8.2 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;</FONT></U><FONT STYLE="font-family: Times New Roman, Times, Serif">&#21015;&#20986;&#20102;&#25130;&#33267;
</FONT>2024 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;</FONT> 9 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26376;
</FONT>23 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26085;</FONT> VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#19981;&#25317;&#26377;&#20294;&#27491;&#22312;&#36716;&#35753;&#32473;
</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#25110;&#20854;&#23376;&#20844;&#21496;&#30340;&#25152;&#26377;&#19987;&#21033;&#12289;&#19987;&#21033;&#30003;&#35831;&#12289;&#21830;&#26631;&#27880;&#20876;&#21644;&#24453;&#25209;&#27880;&#20876;&#30003;&#35831;&#12289;&#29256;&#26435;&#27880;&#20876;&#21644;&#24453;&#25209;&#27880;&#20876;&#30003;&#35831;&#20197;&#21450;&#20114;&#32852;&#32593;&#22495;&#21517;&#27880;&#20876;&#12290;&#21334;&#26041;&#20840;&#20307;&#24050;&#21521;&#20080;&#26041;&#25552;&#20379;&#20102;&#36825;&#20123;&#36716;&#35753;&#30340;&#21103;&#26412;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.8.3&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><U>Section&nbsp;3.8.3
</U>of the Disclosure Schedule lists all patents, patent applications, trademark registrations and pending applications for registration,
copyright registrations and pending applications for registration and internet domain name registrations owned by VRB Cayman or VRB USA.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.8.3</B></FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#25259;&#38706;&#38468;&#34920;<U>&#31532;
3.8.3 &#26465;</U>&#21015;&#20986;&#20102;VRB&#24320;&#26364;&#25110; VRB &#32654;&#22269;&#25317;&#26377;&#30340;&#25152;&#26377;&#19987;&#21033;&#12289;&#19987;&#21033;&#30003;&#35831;&#12289;&#21830;&#26631;&#27880;&#20876;&#21644;&#24453;&#25209;&#27880;&#20876;&#30003;&#35831;&#12289;&#29256;&#26435;&#27880;&#20876;&#21644;&#24453;&#25209;&#27880;&#20876;&#30003;&#35831;&#20197;&#21450;&#20114;&#32852;&#32593;&#22495;&#21517;&#27880;&#20876;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.8.4&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><U>Section&nbsp;3.8.4
</U>of the Disclosure Schedule lists all patents, patent applications, trademark registrations and pending applications for registration,
copyright registrations and pending applications for registration and internet domain name registrations not owned by VRB Cayman or VRB
USA as of September&nbsp;23, 2024, but which are in the process of being assigned to VRB Cayman or VRB USA. The Seller Parties have provided
Purchaser with copies of those assignments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.8.4</B></FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#25259;&#38706;&#38468;&#34920;<U>&#31532;
3.8.4 &#26465;</U>&#21015;&#20986;&#20102;&#25130;&#33267; 2024 &#24180; 9 &#26376; 23 &#26085;&#19981;&#20026;VRB&#24320;&#26364;&#25110;
VRB&#32654;&#22269;&#25152;&#25317;&#26377;&#65292;&#20294;&#27491;&#22312;&#36716;&#35753;&#32473;VRB&#24320;&#26364;&#25110; VRB&#32654;&#22269;&#30340;&#25152;&#26377;&#19987;&#21033;&#12289;&#19987;&#21033;&#30003;&#35831;&#12289;&#21830;&#26631;&#27880;&#20876;&#21644;&#24453;&#25209;&#27880;&#20876;&#30003;&#35831;&#12289;&#29256;&#26435;&#27880;&#20876;&#21644;&#24453;&#25209;&#27880;&#20876;&#30003;&#35831;&#20197;&#21450;&#20114;&#32852;&#32593;&#22495;&#21517;&#27880;&#20876;&#12290;&#21334;&#26041;&#20840;&#20307;&#24050;&#21521;&#20080;&#26041;&#25552;&#20379;&#20102;&#36825;&#20123;&#36716;&#35753;&#30340;&#21103;&#26412;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.8.5&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT>Except
(i)&nbsp;for completion of the assignments to VRB China or its subsidiaries of the Intellectual Property set forth in <U>Section&nbsp;3.8.2
</U>of the Disclosure Schedule, or (ii)&nbsp;as would not have a Material Adverse Effect, VRB China or its subsidiaries own or have the
right to use all Intellectual Property necessary for the conduct of the Business (the &ldquo;<B>VRB China Intellectual Property</B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.8.5</B></FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#38500;&#65288;</FONT>i<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#23436;&#25104;&#25259;&#38706;&#38468;&#34920;<U>&#31532;</U></FONT><U>3.8.2<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;</FONT></U><FONT STYLE="font-family: Times New Roman, Times, Serif">&#32422;&#23450;&#30340;&#30693;&#35782;&#20135;&#26435;&#21521;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#25110;&#20854;&#23376;&#20844;&#21496;&#30340;&#36716;&#35753;&#65292;&#25110;&#65288;</FONT>ii<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#19981;&#20250;&#20135;&#29983;&#37325;&#22823;&#19981;&#21033;&#24433;&#21709;&#22806;&#65292;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#21450;&#20854;&#23376;&#20844;&#21496;&#25317;&#26377;&#25110;&#26377;&#26435;&#20351;&#29992;&#24320;&#23637;&#19994;&#21153;&#25152;&#38656;&#30340;&#25152;&#26377;&#30693;&#35782;&#20135;&#26435;&#65288;</FONT>&ldquo;<B>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#30693;&#35782;&#20135;&#26435;</FONT></B>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.8.6&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT>Except
as set forth in <U>Section 3.8.6</U> of the Disclosure Schedule or as would not have a Material Adverse Effect, to the Seller Parties&rsquo;
Knowledge, (i) the conduct of the Business does not infringe, misappropriate or otherwise violate the Intellectual Property of any Person;
(ii) VRB China or its Subsidiaries does not infringe, misappropriate or otherwise violate the Intellectual Property of any Person; (iii)
there is no unauthorized use by any third party of any Intellectual Property or other Confidential Information of VRB China; and (iv)
no Person is infringing, misappropriating or otherwise violating any VRB China Intellectual Property. This <U>Section 3.8.6</U> constitutes
the sole representation and warranty of the Seller Parties under this Agreement with respect to any actual or alleged infringement, misappropriation
or other violation of Intellectual Property.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.8.6&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#38500;&#25259;&#38706;&#38468;&#34920;<U>&#31532;3.8.6&#26465;</U>&#25152;&#36848;&#25110;&#25454;&#21334;&#26041;&#20840;&#20307;&#25152;&#30693;&#19981;&#20250;&#20135;&#29983;&#37325;&#22823;&#19981;&#21033;&#24433;&#21709;&#22806;&#65292;&#65288;i&#65289;&#19994;&#21153;&#30340;&#24320;&#23637;&#19981;&#20405;&#29359;&#12289;&#30423;&#29992;&#25110;&#20197;&#20854;&#20182;&#26041;&#24335;&#20405;&#29359;&#20219;&#20309;&#20154;&#22763;&#30340;&#30693;&#35782;&#20135;&#26435;&#65307;&#20197;&#21450;&#65288;ii&#65289;&#20219;&#20309;&#20154;&#22763;&#22343;&#26410;&#20405;&#29359;&#12289;&#30423;&#29992;&#25110;&#20197;&#20854;&#20182;&#26041;&#24335;&#36829;&#21453;&#20219;&#20309;VRB&#20013;&#22269;&#30693;&#35782;&#20135;&#26435;&#65307;&#65288;iii&#65289;&#20219;&#20309;&#31532;&#19977;&#26041;&#26410;&#25797;&#33258;&#20351;&#29992;VRB&#20013;&#22269;&#30340;&#20219;&#20309;&#30693;&#35782;&#20135;&#26435;&#25110;&#20854;&#20182;&#20445;&#23494;&#20449;&#24687;&#65307;&#20197;&#21450;&#65288;iv&#65289;&#20219;&#20309;&#20154;&#22763;&#22343;&#26410;&#20405;&#29359;&#12289;&#30423;&#29992;&#25110;&#20197;&#20854;&#20182;&#26041;&#24335;&#36829;&#21453;&#20219;&#20309;VRB&#20013;&#22269;&#30693;&#35782;&#20135;&#26435;&#12290;&#26412;<U>&#31532;3.8.6&#26465;</U>&#26500;&#25104;&#21334;&#26041;&#20840;&#20307;&#22312;&#26412;&#21327;&#35758;&#39033;&#19979;&#23545;&#20219;&#20309;&#23454;&#38469;&#25110;&#28041;&#23244;&#20405;&#29359;&#12289;&#30423;&#29992;&#25110;&#20854;&#20182;&#20405;&#29359;&#30693;&#35782;&#20135;&#26435;&#34892;&#20026;&#30340;&#21807;&#19968;&#38472;&#36848;&#21644;&#20445;&#35777;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.9.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Agreements;
Actions</B></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>3.9.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>&#21327;&#35758;&#65307;&#34892;&#21160;&#12290;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.9.1&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT>Since
December&nbsp;31, 2023, VRB China has not (i)&nbsp;declared or paid any dividends, or authorized or made any distribution upon or with
respect to any equity interests, (ii)&nbsp;except for trade debt incurred in the ordinary course of business, incurred any new financial
indebtedness other than from VRB Cayman, or (iii)&nbsp;sold, exchanged or otherwise disposed of any material portion of its assets or
rights, other than in the ordinary course of business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.9.1</B></FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#33258;
</FONT>2024 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;</FONT>12<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26376;</FONT>31<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26085;&#20197;&#26469;&#65292;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#26410;&#26366;&#65306;&#65288;</FONT>i<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#23459;&#24067;&#25110;&#25903;&#20184;&#20219;&#20309;&#32929;&#24687;&#65292;&#25110;&#25480;&#26435;&#25110;&#23601;&#20219;&#20309;&#32929;&#26435;&#36827;&#34892;&#20219;&#20309;&#20998;&#37197;&#65292;&#65288;</FONT>ii<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#38500;&#27491;&#24120;&#19994;&#21153;&#36807;&#31243;&#20013;&#20135;&#29983;&#30340;&#36152;&#26131;&#20538;&#21153;&#22806;&#65292;&#26410;&#20135;&#29983;&#38500;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#20197;&#22806;&#30340;&#20219;&#20309;&#26032;&#30340;&#37329;&#34701;&#20538;&#21153;&#65292;&#25110;&#65288;</FONT>iii<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#20986;&#21806;&#12289;&#20132;&#25442;&#25110;&#20197;&#20854;&#20182;&#26041;&#24335;&#22788;&#32622;&#20854;&#36164;&#20135;&#25110;&#26435;&#21033;&#30340;&#20219;&#20309;&#37325;&#35201;&#37096;&#20998;&#65292;&#27491;&#24120;&#19994;&#21153;&#36807;&#31243;&#38500;&#22806;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.9.2&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT>VRB
China is not a guarantor or indemnitor of any Indebtedness.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.9.2</B></FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#19981;&#26159;&#20219;&#20309;&#20538;&#21153;&#30340;&#25285;&#20445;&#20154;&#25110;&#36180;&#20607;&#20154;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.9.3&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT>VRB
China does not have any outstanding Indebtedness, other than accounts payables and trade debt specifically reflected on, and fully reserved
against in the Financial Statements or incurred in the ordinary course of business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.9.3</B></FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#38500;&#36130;&#21153;&#25253;&#34920;&#20013;&#26126;&#30830;&#21453;&#26144;&#24182;&#20805;&#20998;&#39044;&#30041;&#30340;&#24212;&#20184;&#36134;&#27454;&#21644;&#36152;&#26131;&#20538;&#21153;&#25110;&#22312;&#27491;&#24120;&#19994;&#21153;&#36807;&#31243;&#20013;&#20135;&#29983;&#30340;&#24212;&#20184;&#36134;&#27454;&#21644;&#36152;&#26131;&#20538;&#21153;&#22806;&#65292;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#27809;&#26377;&#20219;&#20309;&#26410;&#20607;&#20538;&#21153;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.10.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Certain
Transactions</B>. Other than (i)&nbsp;standard employee benefits generally made available to all employees, standard employee offer letters
and agreements concerning the confidential information of VRB China; (ii)&nbsp;standard director and officer indemnification agreements
approved by the executive director of VRB China; (iii)&nbsp;as contemplated by the Transition Plan, and (iv)&nbsp;the Transaction Agreements,
there are no agreements, understandings or proposed transactions between VRB China and any of its officers or directors, or any Affiliate
thereof. None of the Company and its Subsidiaries has any Liability of any nature whatsoever to any Related Party, except for employment-related
Liabilities and obligations incurred in the ordinary course of business consistent with past practice.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.10.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#29305;&#23450;&#20132;&#26131;&#12290;</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#38500;&#65288;</FONT>i<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#36890;&#24120;&#21521;&#25152;&#26377;&#21592;&#24037;&#25552;&#20379;&#30340;&#26631;&#20934;&#21592;&#24037;&#31119;&#21033;&#12289;&#26377;&#20851;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#26426;&#23494;&#20449;&#24687;&#30340;&#26631;&#20934;&#21592;&#24037;&#32856;&#20070;&#21644;&#21327;&#35758;&#65307;&#65288;</FONT>ii<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#25191;&#34892;&#33891;&#20107;&#25209;&#20934;&#30340;&#26631;&#20934;&#33891;&#20107;&#21644;&#39640;&#32423;&#32844;&#21592;&#36180;&#20607;&#21327;&#35758;&#65307;&#65288;</FONT>iii<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#36807;&#28193;&#35745;&#21010;&#32422;&#23450;&#30340;&#21644;&#65288;</FONT>iv<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#20132;&#26131;&#21327;&#35758;&#20197;&#22806;&#65292;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#19982;&#20854;&#20219;&#20309;&#39640;&#32423;&#32844;&#21592;&#25110;&#33891;&#20107;&#25110;&#20854;&#20219;&#20309;&#20851;&#32852;&#26041;&#20043;&#38388;&#27809;&#26377;&#21327;&#35758;&#12289;&#35845;&#35299;&#25110;&#25311;&#35758;&#20132;&#26131;&#12290;&#20844;&#21496;&#21450;&#20854;&#23376;&#20844;&#21496;&#22343;&#19981;&#23545;&#20219;&#20309;&#20851;&#32852;&#26041;&#25215;&#25285;&#20219;&#20309;&#24615;&#36136;&#30340;&#36131;&#20219;&#65292;&#20294;&#19982;&#38599;&#20323;&#30456;&#20851;&#30340;&#36131;&#20219;&#21644;&#22312;&#27491;&#24120;&#19994;&#21153;&#36807;&#31243;&#20013;&#25353;&#29031;&#20197;&#24448;&#24815;&#20363;&#25215;&#25285;&#30340;&#20041;&#21153;&#38500;&#22806;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.11.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Voting
Rights</B>. No holder of equity interests of VRB China has entered into any agreements with respect to the voting of equity interests
of VRB China.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.11.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#25237;&#31080;&#20915;&#26435;&#12290;</B></FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#30340;&#20219;&#20309;&#32929;&#26435;&#25345;&#26377;&#20154;&#22343;&#26410;&#23601;
</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#32929;&#26435;&#30340;&#25237;&#31080;&#26435;&#31614;&#35746;&#20219;&#20309;&#21327;&#35758;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.12.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Financial
Statements</B>. VRB China has delivered to Purchaser audited financial statements for VRB China and its Subsidiaries for the fiscal year
ended December 31, 2023 and December 31, 2022, as prepared in accordance with generally accepted accounting principles of the PRC (&ldquo;<B>PRC
GAAP</B>&rdquo;) (the &ldquo;<B>Financial Statements</B>&rdquo;). The Financial Statements are (i) true, complete, and correct and are
in accordance with the books and records of VRB China and its subsidiaries, (ii) fairly present in all material respects the financial
condition and operating results of VRB China as of the date, and for the period, indicated therein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>3.12.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#36130;&#21153;&#25253;&#34920;&#12290;</FONT></B>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#24050;&#21521;&#20080;&#26041;&#20132;&#20184;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#21450;&#20854;&#23376;&#20844;&#21496;&#25130;&#33267;
</FONT>2023 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;</FONT> 12 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26376;
</FONT>31 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26085;&#21450;</FONT> 2022 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;
</FONT>12 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26376;</FONT> 31 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26085;&#27490;&#36130;&#25919;&#24180;&#24230;&#26681;&#25454;&#20013;&#22269;&#20844;&#35748;&#20250;&#35745;&#20934;&#21017;&#65288;&ldquo;<B>&#20013;&#22269;&#20844;&#35748;&#20250;&#35745;&#20934;&#21017;</B>&rdquo;&#65289;&#32534;&#21046;&#30340;&#32463;&#23457;&#35745;&#36130;&#21153;&#25253;&#34920;&#65288;&ldquo;<B>&#36130;&#21153;&#25253;&#34920;</B>&rdquo;&#65289;&#12290;&#36130;&#21153;&#25253;&#34920;</FONT>(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#30495;&#23454;&#12289;&#23436;&#25972;&#12289;&#27491;&#30830;&#65292;&#24182;&#19982;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#21450;&#20854;&#23376;&#20844;&#21496;&#30340;&#36134;&#31807;&#21644;&#35760;&#24405;&#30456;&#31526;&#65292;</FONT>(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#22312;&#25152;&#26377;&#37325;&#22823;&#26041;&#38754;&#20844;&#20801;&#21453;&#26144;&#20102;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#25130;&#33267;&#36130;&#21153;&#25253;&#34920;&#25152;&#31034;&#26085;&#26399;&#21450;&#26399;&#38388;&#30340;&#36130;&#21153;&#29366;&#20917;&#21644;&#32463;&#33829;&#25104;&#26524;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.13.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Employee
Matters</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>3.14.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>&#21592;&#24037;&#20107;&#23452;&#12290;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.13.1&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT>Neither
the execution or delivery of the Transaction Agreements, nor the carrying on of the Business by the employees of VRB China, nor the conduct
of the Business as now conducted and as presently proposed to be conducted, will conflict with or result in a breach of the terms, conditions,
or provisions of, or constitute a default under, any contract, covenant or instrument under which any such employee is now obligated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.13.1</B></FONT>&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26080;&#35770;&#26159;&#20132;&#26131;&#21327;&#35758;&#30340;&#31614;&#32626;&#25110;&#20132;&#20184;&#65292;&#36824;&#26159;
</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#30340;&#21592;&#24037;&#24320;&#23637;&#19994;&#21153;&#65292;&#25233;&#25110;&#26159;&#30446;&#21069;&#24320;&#23637;&#21644;&#30446;&#21069;&#25311;&#24320;&#23637;&#30340;&#19994;&#21153;&#65292;&#22343;&#19981;&#20250;&#19982;&#20219;&#20309;&#35813;&#31561;&#21592;&#24037;&#30446;&#21069;&#36127;&#26377;&#20041;&#21153;&#30340;&#20219;&#20309;&#21512;&#21516;&#12289;&#22865;&#32422;&#25110;&#25991;&#20070;&#30340;&#26465;&#27454;&#12289;&#26465;&#20214;&#25110;&#32422;&#23450;&#30456;&#20914;&#31361;&#65292;&#20063;&#19981;&#20250;&#23548;&#33268;&#36829;&#21453;&#36825;&#20123;&#26465;&#27454;&#12289;&#26465;&#20214;&#25110;&#32422;&#23450;&#65292;&#25110;&#26500;&#25104;&#36829;&#32422;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.13.2&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT>VRB
China is not delinquent in payments to any of its employees, consultants, or independent contractors for any wages, salaries, commissions,
bonuses, or other direct compensation for any service performed for it to the date hereof or amounts required to be reimbursed to such
employees, consultants or independent contractors. VRB China has complied in all material respects with all applicable laws related to
employment, including those related to wages, hours, worker classification and collective bargaining, except to the extent any non-compliance
would not result in a Material Adverse Effect. VRB China has withheld and paid to the appropriate governmental entity or is holding for
payment not yet due to such governmental entity all amounts required to be withheld from employees of VRB China and is not liable for
any arrears of wages, taxes, penalties or other sums for failure to comply with any of the foregoing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.13.2</B></FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#27809;&#26377;&#25302;&#27424;&#20854;&#20219;&#20309;&#21592;&#24037;&#12289;&#39038;&#38382;&#25110;&#29420;&#31435;&#25215;&#21253;&#21830;&#30340;&#20219;&#20309;&#24037;&#36164;&#12289;&#34218;&#27700;&#12289;&#20323;&#37329;&#12289;&#22870;&#37329;&#25110;&#25130;&#33267;&#26412;&#21327;&#35758;&#26085;&#26399;&#20026;&#20854;&#25552;&#20379;&#30340;&#20219;&#20309;&#26381;&#21153;&#30340;&#20854;&#20182;&#30452;&#25509;&#34917;&#20607;&#65292;&#20063;&#27809;&#26377;&#25302;&#27424;&#24212;&#21521;&#27492;&#31867;&#21592;&#24037;&#12289;&#39038;&#38382;&#21644;&#29420;&#31435;&#25215;&#21253;&#21830;&#25253;&#38144;&#30340;&#37329;&#39069;&#12290;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#22312;&#25152;&#26377;&#37325;&#22823;&#26041;&#38754;&#36981;&#23432;&#20102;&#25152;&#26377;&#19982;&#23601;&#19994;&#26377;&#20851;&#30340;&#36866;&#29992;&#27861;&#24459;&#65292;&#21253;&#25324;&#19982;&#24037;&#36164;&#12289;&#24037;&#26102;&#12289;&#24037;&#20154;&#20998;&#31867;&#21644;&#38598;&#20307;&#35848;&#21028;&#26377;&#20851;&#30340;&#27861;&#24459;&#65292;&#38500;&#38750;&#20219;&#20309;&#19981;&#36981;&#23432;&#34892;&#20026;&#19981;&#20250;&#23548;&#33268;&#37325;&#22823;&#19981;&#21033;&#24433;&#21709;&#12290;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#24050;&#21521;&#30456;&#20851;&#25919;&#24220;&#23454;&#20307;&#25187;&#32564;&#24182;&#25903;&#20184;&#20102;&#25110;&#25187;&#30041;&#20102;&#23578;&#26410;&#25903;&#20184;&#32473;&#35813;&#25919;&#24220;&#23454;&#20307;&#30340;&#25152;&#26377;&#24212;&#21521;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#21592;&#24037;&#25187;&#32564;&#30340;&#27454;&#39033;&#65292;&#24182;&#19988;&#19981;&#23545;&#22240;&#26410;&#36981;&#23432;&#19978;&#36848;&#20219;&#20309;&#35268;&#23450;&#32780;&#25302;&#27424;&#30340;&#24037;&#36164;&#12289;&#31246;&#27454;&#12289;&#32602;&#27454;&#25110;&#20854;&#20182;&#27454;&#39033;&#36127;&#36131;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.14.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Tax
Returns and Payments</B>. There are no taxes due and payable by VRB China that have not been timely paid and no material withholding
taxes required to be withheld by VRB China that have not been withheld and timely paid over to the appropriate governmental agency. VRB
China has duly and timely filed all income or other material tax returns required to have been filed by it, and no extensions or waivers
of statutes of limitations have been given or requested with respect to any material taxes of VRB China. There are no ongoing actions,
suits, claims, investigations or other legal proceedings by any taxing authority against VRB China.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.14.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#32435;&#31246;&#30003;&#25253;&#34920;&#21644;&#20184;&#27454;&#12290;</FONT></B>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#27809;&#26377;&#26410;&#21450;&#26102;&#25903;&#20184;&#30340;&#21040;&#26399;&#24212;&#20184;&#31246;&#27454;&#65292;&#20063;&#27809;&#26377;&#26410;&#21450;&#26102;&#25187;&#32564;&#21644;&#25903;&#20184;&#32473;&#30456;&#20851;&#25919;&#24220;&#26426;&#26500;&#30340;&#38656;&#35201;&#30001;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#25187;&#32564;&#30340;&#37325;&#22823;&#39044;&#25187;&#31246;&#12290;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#24050;&#27491;&#24335;&#21450;&#26102;&#22320;&#25552;&#20132;&#20102;&#20854;&#35201;&#27714;&#25552;&#20132;&#30340;&#25152;&#26377;&#25910;&#20837;&#25110;&#20854;&#20182;&#37325;&#35201;&#32435;&#31246;&#30003;&#25253;&#34920;&#65292;&#24182;&#19988;&#27809;&#26377;&#23601;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#30340;&#20219;&#20309;&#37325;&#35201;&#31246;&#27454;&#32473;&#20104;&#25110;&#35201;&#27714;&#24310;&#38271;&#25110;&#25918;&#24323;&#35785;&#35772;&#26102;&#25928;&#12290;&#20219;&#20309;&#31246;&#21153;&#26426;&#20851;&#22343;&#26410;&#23545;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#25552;&#36215;&#20219;&#20309;&#35785;&#35772;&#12289;&#36215;&#35785;&#12289;&#32034;&#36180;&#12289;&#35843;&#26597;&#25110;&#20854;&#20182;&#27861;&#24459;&#31243;&#24207;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.15.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Permits,
Compliance with Laws</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.15.&#8239;&#8239;</B></FONT><B>&#8239;&#8239;&#8239;&#8239;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#35768;&#21487;&#35777;&#65292;&#36981;&#23432;&#27861;&#24459;&#12290;</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.15.1&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT>VRB
China has all franchises, permits, and licenses necessary for the conduct of the Business, the lack of which could reasonably be expected
to have a Material Adverse Effect. VRB China is not default in any material respect under any of such franchises, permits, or licenses.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.15.1&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#25317;&#26377;&#24320;&#23637;&#19994;&#21153;&#25152;&#38656;&#30340;&#25152;&#26377;&#29305;&#35768;&#32463;&#33829;&#26435;&#12289;&#35768;&#21487;&#35777;&#21644;&#25191;&#29031;&#65292;&#22914;&#32570;&#20047;&#36825;&#20123;&#26435;&#21033;&#12289;&#35768;&#21487;&#35777;&#21644;&#25191;&#29031;&#65292;&#21512;&#29702;&#39044;&#26399;&#23558;&#20250;&#20135;&#29983;&#37325;&#22823;&#19981;&#21033;&#24433;&#21709;&#12290;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#22312;&#20219;&#20309;&#35813;&#31561;&#29305;&#35768;&#32463;&#33829;&#26435;&#12289;&#35768;&#21487;&#35777;&#25110;&#25191;&#29031;&#39033;&#19979;&#22343;&#26080;&#20219;&#20309;&#37325;&#22823;&#36829;&#32422;&#34892;&#20026;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.15.2&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT>VRB
China and its Subsidiaries are in material compliance with Laws applicable to their respective businesses, operations and assets. Neither
VRB China nor any of its Subsidiaries has received any written notice alleging a failure comply with all Laws applicable to their respective
businesses, operations and assets.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.15.2</B></FONT>&#8239;&#8239;&#8239;&#8239;&#8239;VRB
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#21450;&#20854;&#38468;&#23646;&#20844;&#21496;&#20005;&#26684;&#36981;&#23432;&#36866;&#29992;&#20110;&#20854;&#21508;&#33258;&#19994;&#21153;&#12289;&#36816;&#33829;&#21644;&#36164;&#20135;&#30340;&#27861;&#24459;&#12290;</FONT>VRB
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#21450;&#20854;&#20219;&#20309;&#23376;&#20844;&#21496;&#22343;&#26410;&#25910;&#21040;&#20219;&#20309;&#20070;&#38754;&#36890;&#30693;&#65292;&#25351;&#25511;&#20854;&#26410;&#33021;&#36981;&#23432;&#36866;&#29992;&#20110;&#21508;&#33258;&#19994;&#21153;&#12289;&#36816;&#33829;&#21644;&#36164;&#20135;&#30340;&#25152;&#26377;&#27861;&#24459;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.16.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Corporate
Documents</B>. The Articles of Association of VRB China as of the Execution Date are in the form made available to Purchaser.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.16.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20844;&#21496;&#25991;&#20214;&#12290;</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#25130;&#33267;&#31614;&#32626;&#26085;&#65292;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#20844;&#21496;&#31456;&#31243;&#37319;&#29992;&#20080;&#26041;&#21487;&#29992;&#30340;&#26684;&#24335;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.17.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Disclosure</B>.
Seller Parties have provided Purchaser with full and complete access to all of VRB China&rsquo;s or its Subsidiaries&rsquo; records and
other data relating to the Target Equity, VRB China, or its Subsidiaries. Seller Parties have provided Purchaser with full and complete
access to all of the contracts and transactions between VRB Cayman or its any Affiliates (on the one hand) and VRB China or its Subsidiaries
(on the other hand).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.17.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#25259;&#38706;</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#12290;&#21334;&#26041;&#24050;&#21521;&#20080;&#26041;&#25552;&#20379;&#20102;&#20805;&#20998;&#21644;&#23436;&#25972;&#22320;&#26597;&#38405;
</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#25110;&#20854;&#23376;&#20844;&#21496;&#30340;&#25152;&#26377;&#35760;&#24405;&#20197;&#21450;&#19982;&#30446;&#26631;&#32929;&#26435;&#12289;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#25110;&#23376;&#20844;&#21496;&#26377;&#20851;&#30340;&#20854;&#20182;&#25968;&#25454;&#30340;&#26435;&#21033;&#12290;&#21334;&#26041;&#24050;&#21521;&#20080;&#26041;&#25552;&#20379;&#20840;&#38754;&#23436;&#25972;&#22320;&#26597;&#38405;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#25110;&#20854;&#20219;&#20309;&#38468;&#23646;&#20844;&#21496;&#65288;&#19968;&#26041;&#38754;&#65289;&#19982;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#25110;&#23376;&#20844;&#21496;&#65288;&#21478;&#19968;&#26041;&#38754;&#65289;&#20043;&#38388;&#30340;&#25152;&#26377;&#21512;&#21516;&#21644;&#20132;&#26131;&#30340;&#26435;&#38480;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.18.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>No
Other Representations and Warranties.</B> Except for the representations and warranties contained in this <U>Article&nbsp;III</U>, none
of the Seller Parties, the Business, or any other Person has made or makes any other express or implied representation or warranty, either
written or oral, on behalf of any Seller Party or the Business, including any representation or warranty as to the accuracy or completeness
of any information regarding the Business furnished or made available to Purchaser and its representatives (including any information,
documents or material delivered to Purchaser, management presentations or in any other form in expectation of the transactions contemplated
hereby) or as to the future revenue, profitability or success of the Business, or any representation or warranty arising from statute
or otherwise in law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>3.18.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>&#26080;&#20854;&#20182;&#38472;&#36848;&#21644;&#20445;&#35777;&#12290;</B>&#38500;&#26412;<U>&#31532;&#19977;&#26465;</U>&#25152;&#36733;&#30340;&#38472;&#36848;&#21644;&#20445;&#35777;&#22806;&#65292;&#21334;&#26041;&#20840;&#20307;&#12289;&#19994;&#21153;&#25110;&#20219;&#20309;&#20854;&#20182;&#20154;&#22763;&#22343;&#26410;&#20195;&#34920;&#20219;&#20309;&#21334;&#26041;&#25110;&#19994;&#21153;&#20316;&#20986;&#25110;&#26366;&#20316;&#20986;&#20219;&#20309;&#20854;&#20182;&#26126;&#31034;&#25110;&#26263;&#31034;&#30340;&#20070;&#38754;&#25110;&#21475;&#22836;&#38472;&#36848;&#25110;&#20445;&#35777;&#65292;&#21253;&#25324;&#23545;&#21521;&#20080;&#26041;&#21450;&#20854;&#20195;&#34920;&#25552;&#20379;&#30340;&#26377;&#20851;&#19994;&#21153;&#30340;&#20219;&#20309;&#20449;&#24687;&#30340;&#20934;&#30830;&#24615;&#25110;&#23436;&#25972;&#24615;&#30340;&#20219;&#20309;&#38472;&#36848;&#25110;&#20445;&#35777;&#65288;&#21253;&#25324;&#21521;&#20080;&#26041;&#20132;&#20184;&#30340;&#20219;&#20309;&#20449;&#24687;&#12289;&#25991;&#20214;&#25110;&#26448;&#26009;&#12289;&#31649;&#29702;&#23618;&#28436;&#31034;&#25991;&#31295;&#25110;&#26412;&#21327;&#35758;&#39044;&#26399;&#20132;&#26131;&#30340;&#20219;&#20309;&#20854;&#20182;&#24418;&#24335;&#65289;&#65292;&#25110;&#23545;&#19994;&#21153;&#30340;&#26410;&#26469;&#25910;&#20837;&#12289;&#30408;&#21033;&#33021;&#21147;&#25110;&#25104;&#21151;&#65292;&#25110;&#22240;&#27861;&#35268;&#25110;&#20854;&#20182;&#27861;&#24459;&#32780;&#20135;&#29983;&#30340;&#20219;&#20309;&#38472;&#36848;&#21644;&#20445;&#35777;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>Article&nbsp;IV
</B></FONT><B><FONT STYLE="text-transform: uppercase"><BR>
representations and warranties of purchaser</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; text-transform: uppercase"><B>&#31532;&#22235;&#26465;</B></FONT><B><FONT STYLE="text-transform: uppercase"><BR>
 &#20080;&#26041;&#30340;&#38472;&#36848;&#21644;&#20445;&#35777;</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Purchaser hereby represents
and warrants to the Seller Parties that, except as set forth on the Disclosure Schedule, which exceptions shall be deemed to be part
of the representations and warranties made by the Purchaser hereunder, the following representations are true, correct and complete as
of the Execution Date and as of the Control Acquisition Date, except as otherwise indicated. The Disclosure Schedule shall be arranged
in sections corresponding to the numbered and lettered sections contained in this <U>Article&nbsp;IV</U>, and the disclosures in any
section of the Disclosure Schedule shall qualify other sections in this <U>Article&nbsp;IV</U> only to the extent it is readily apparent
from a reading of the disclosure that such disclosure is applicable to such other sections.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#20080;&#26041;&#29305;&#27492;&#21521;&#21334;&#26041;&#20840;&#20307;&#38472;&#36848;&#24182;&#20445;&#35777;&#65292;&#38500;&#25259;&#38706;&#38468;&#34920;&#20013;&#32422;&#23450;&#30340;&#24773;&#20917;&#22806;&#65292;&#20197;&#19979;&#38472;&#36848;&#25130;&#33267;&#31614;&#32626;&#26085;&#21644;&#25511;&#21046;&#26435;&#21462;&#24471;&#26085;&#30495;&#23454;&#21644;&#23436;&#25972;&#30340;&#65292;&#38500;&#38750;&#21478;&#26377;&#35828;&#26126;&#65292;&#21542;&#21017;&#36825;&#20123;&#20363;&#22806;&#24773;&#20917;&#24212;&#34987;&#35270;&#20026;&#20080;&#26041;&#22312;&#26412;&#21327;&#35758;&#39033;&#19979;&#20316;&#20986;&#30340;&#38472;&#36848;&#21644;&#20445;&#35777;&#30340;&#19968;&#37096;&#20998;&#12290;&#25259;&#38706;&#38468;&#34920;&#24212;&#25353;&#19982;&#26412;&#21327;&#35758;<U>&#31532;&#22235;&#26465;</U>&#25152;&#21547;&#32534;&#21495;&#21644;&#23383;&#27597;&#31456;&#33410;&#30456;&#23545;&#24212;&#30340;&#31456;&#33410;&#32534;&#25490;&#65292;&#25259;&#38706;&#38468;&#34920;&#20219;&#19968;&#31456;&#33410;&#20013;&#30340;&#25259;&#38706;&#20165;&#22312;&#38405;&#35835;&#25259;&#38706;&#20869;&#23481;&#21363;&#21487;&#26126;&#26174;&#30475;&#20986;&#35813;&#25259;&#38706;&#36866;&#29992;&#20110;&#26412;&#21327;&#35758;<U>&#31532;&#22235;&#26465;</U>&#20854;&#20182;&#31456;&#33410;&#30340;&#24773;&#20917;&#19979;&#65292;&#25165;&#31526;&#21512;&#26412;&#21327;&#35758;&#31532;&#22235;&#26465;&#20854;&#20182;&#31456;&#33410;&#30340;&#32422;&#23450;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4.1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Organization
and Authority of Purchaser</B>. Purchaser is a corporation duly organized, validly existing and in good standing under the laws of the
PRC and has all necessary corporate power and authority to own, operate or lease the properties and assets now owned, operated or leased
by it and to carry on its business as it is currently conducted. The execution and delivery by Purchaser of this Agreement, the performance
by Purchaser of its obligations hereunder and the consummation by Purchaser of the transactions contemplated hereby have been duly authorized
by all requisite corporate action on the part of Purchaser. This Agreement has been duly executed and delivered by Purchaser, and (assuming
due authorization, execution and delivery by the Seller Parties) this Agreement constitutes a legal, valid and binding obligation of
Purchaser, enforceable against Purchaser in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency,
reorganization, moratorium or similar laws affecting creditors' rights generally and by general principles of equity (regardless of whether
enforcement is sought in a proceeding at law or in equity).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>4.1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>&#20080;&#26041;&#30340;&#32452;&#32455;&#21644;&#26435;&#21147;&#12290;</B>&#20080;&#26041;&#26159;&#19968;&#23478;&#26681;&#25454;&#20013;&#21326;&#20154;&#27665;&#20849;&#21644;&#22269;&#27861;&#24459;&#27491;&#24335;&#32452;&#24314;&#12289;&#26377;&#25928;&#23384;&#32493;&#19988;&#20449;&#35465;&#33391;&#22909;&#30340;&#20844;&#21496;&#65292;&#25317;&#26377;&#19968;&#20999;&#24517;&#35201;&#30340;&#20844;&#21496;&#26435;&#21147;&#21644;&#25480;&#26435;&#65292;&#20197;&#25317;&#26377;&#12289;&#32463;&#33829;&#25110;&#31199;&#36161;&#20854;&#30446;&#21069;&#25317;&#26377;&#12289;&#32463;&#33829;&#25110;&#31199;&#36161;&#30340;&#29289;&#19994;&#21644;&#36164;&#20135;&#65292;&#24182;&#25353;&#20854;&#30446;&#21069;&#30340;&#32463;&#33829;&#26041;&#24335;&#24320;&#23637;&#19994;&#21153;&#12290;&#20080;&#26041;&#31614;&#32626;&#21644;&#20132;&#20184;&#26412;&#21327;&#35758;&#12289;&#20080;&#26041;&#23653;&#34892;&#20854;&#22312;&#26412;&#21327;&#35758;&#39033;&#19979;&#30340;&#20041;&#21153;&#20197;&#21450;&#20080;&#26041;&#23436;&#25104;&#26412;&#21327;&#35758;&#32422;&#23450;&#30340;&#20132;&#26131;&#24050;&#33719;&#24471;&#20080;&#26041;&#25152;&#26377;&#24517;&#35201;&#30340;&#20844;&#21496;&#34892;&#21160;&#30340;&#27491;&#24335;&#25480;&#26435;&#12290;&#26412;&#21327;&#35758;&#24050;&#30001;&#20080;&#26041;&#27491;&#24335;&#31614;&#32626;&#21644;&#20132;&#20184;&#65292;&#24182;&#19988;&#65288;&#20551;&#23450;&#21334;&#26041;&#20840;&#20307;&#36866;&#24403;&#25480;&#26435;&#12289;&#31614;&#32626;&#21644;&#20132;&#20184;&#65289;&#26412;&#21327;&#35758;&#26500;&#25104;&#20080;&#26041;&#30340;&#21512;&#27861;&#12289;&#26377;&#25928;&#21644;&#20855;&#26377;&#32422;&#26463;&#21147;&#30340;&#20041;&#21153;&#65292;&#21487;&#26681;&#25454;&#20854;&#26465;&#27454;&#23545;&#20080;&#26041;&#24378;&#21046;&#25191;&#34892;&#65292;&#20294;&#21463;&#30772;&#20135;&#12289;&#36164;&#19981;&#25269;&#20538;&#12289;&#37325;&#32452;&#12289;&#24310;&#26399;&#20607;&#20184;&#25110;&#24433;&#21709;&#20538;&#26435;&#20154;&#26435;&#21033;&#30340;&#31867;&#20284;&#27861;&#24459;&#20197;&#21450;&#19968;&#33324;&#34913;&#24179;&#27861;&#21407;&#21017;&#65288;&#26080;&#35770;&#26159;&#21542;&#22312;&#27861;&#24459;&#31243;&#24207;&#25110;&#34913;&#24179;&#27861;&#31243;&#24207;&#20013;&#23547;&#27714;&#24378;&#21046;&#25191;&#34892;&#65289;&#38480;&#21046;&#30340;&#24378;&#21046;&#25191;&#34892;&#38500;&#22806;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4.2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>No
Conflicts; Consents. </B>The execution, delivery and performance by Purchaser of this Agreement, and the consummation of the transactions
contemplated hereby, do not and will not: (a)&nbsp;result in a violation or breach of any provision of the Articles of Association of
Purchaser; (b)&nbsp;result in a violation or breach of any provision of any law or governmental order applicable to Purchaser; or (c)&nbsp;except
as has been obtained or delivered prior to the Execution Date (a copy of which has been provided to the Seller Parties), require the
consent, notice or other action by any Person under, conflict with, result in a violation or breach of, constitute a default under or
result in the acceleration of any contract, except in the cases of clauses (b)&nbsp;and (c), where the violation, breach, conflict, default,
acceleration or failure to give notice or obtain consent would not have a Material Adverse Effect. No consent, approval, permit, governmental
order, declaration or filing with, or notice to, any Governmental Authority is required by or with respect to Purchaser in connection
with the execution and delivery of this Agreement and the consummation of the transactions contemplated hereby, except for such filings
as contemplated by this Agreement or where the failure to make or obtain such consents, approvals, permits, governmental orders, declarations,
filings, or notices would not have, in the aggregate, a Material Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4.2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26080;&#20914;&#31361;&#65307;&#21516;&#24847;&#12290;</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20080;&#26041;&#31614;&#32626;&#12289;&#20132;&#20184;&#21644;&#23653;&#34892;&#26412;&#21327;&#35758;&#65292;&#20197;&#21450;&#23436;&#25104;&#26412;&#21327;&#35758;&#32422;&#23450;&#30340;&#20132;&#26131;&#65292;&#29616;&#22312;&#21644;&#23558;&#26469;&#37117;&#19981;&#20250;&#65306;&#65288;</FONT>a<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#23548;&#33268;&#36829;&#21453;&#25110;&#36829;&#32972;&#20080;&#26041;&#20844;&#21496;&#31456;&#31243;&#30340;&#20219;&#20309;&#35268;&#23450;&#65307;&#65288;</FONT>b<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#23548;&#33268;&#36829;&#21453;&#36866;&#29992;&#20110;&#20080;&#26041;&#30340;&#20219;&#20309;&#27861;&#24459;&#25110;&#25919;&#24220;&#21629;&#20196;&#30340;&#20219;&#20309;&#35268;&#23450;&#65307;&#25110;&#65288;</FONT>c<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#38500;&#38750;&#22312;&#31614;&#32626;&#26085;&#20043;&#21069;&#24050;&#33719;&#24471;&#25110;&#20132;&#20184;&#65288;&#24050;&#21521;&#21334;&#26041;&#20840;&#20307;&#25552;&#20379;&#21103;&#26412;&#65289;&#65292;&#21542;&#21017;&#35201;&#27714;&#20219;&#20309;&#20154;&#22763;&#26681;&#25454;&#20219;&#20309;&#21512;&#21516;&#21516;&#24847;&#12289;&#36890;&#30693;&#25110;&#37319;&#21462;&#20854;&#20182;&#34892;&#21160;&#65292;&#19982;&#20219;&#20309;&#21512;&#21516;&#30456;&#20914;&#31361;&#65292;&#23548;&#33268;&#36829;&#21453;&#25110;&#36829;&#32972;&#20219;&#20309;&#21512;&#21516;&#65292;&#26500;&#25104;&#20219;&#20309;&#21512;&#21516;&#39033;&#19979;&#30340;&#36829;&#32422;&#25110;&#23548;&#33268;&#20219;&#20309;&#21512;&#21516;&#30340;&#25552;&#21069;&#23653;&#34892;&#65292;&#20294;&#22312;&#31532;&#65288;</FONT>b<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#21644;&#65288;</FONT>c<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#27454;&#30340;&#24773;&#20917;&#19979;&#65292;&#36829;&#21453;&#12289;&#36829;&#32972;&#12289;&#20914;&#31361;&#12289;&#36829;&#32422;&#12289;&#25552;&#21069;&#23653;&#34892;&#25110;&#26410;&#33021;&#21457;&#20986;&#36890;&#30693;&#25110;&#33719;&#24471;&#21516;&#24847;&#19981;&#20250;&#20135;&#29983;&#37325;&#22823;&#19981;&#21033;&#24433;&#21709;&#30340;&#38500;&#22806;&#12290;&#20080;&#26041;&#26080;&#38656;&#23601;&#26412;&#21327;&#35758;&#30340;&#31614;&#32626;&#21644;&#20132;&#20184;&#20197;&#21450;&#26412;&#21327;&#35758;&#25311;&#35758;&#20132;&#26131;&#30340;&#23436;&#25104;&#21521;&#20219;&#20309;&#25919;&#24220;&#26426;&#26500;&#25552;&#20132;&#21516;&#24847;&#12289;&#25209;&#20934;&#12289;&#35768;&#21487;&#12289;&#25919;&#24220;&#21629;&#20196;&#12289;&#22768;&#26126;&#25110;&#22791;&#26696;&#65292;&#20063;&#26080;&#38656;&#21521;&#20219;&#20309;&#25919;&#24220;&#26426;&#20851;&#21457;&#20986;&#36890;&#30693;&#65292;&#20294;&#26412;&#21327;&#35758;&#32422;&#23450;&#30340;&#27492;&#31867;&#22791;&#26696;&#38500;&#22806;&#65292;&#25110;&#32773;&#26410;&#33021;&#20316;&#20986;&#25110;&#33719;&#24471;&#27492;&#31867;&#21516;&#24847;&#12289;&#25209;&#20934;&#25110;&#35768;&#21487;&#12289;&#25919;&#24220;&#35746;&#21333;&#12289;&#22768;&#26126;&#12289;&#25991;&#20214;&#25110;&#36890;&#30693;&#24635;&#20307;&#19978;&#19981;&#20250;&#20135;&#29983;&#37325;&#22823;&#19981;&#21033;&#24433;&#21709;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4.3.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Purchase
Entirely for Own Account</B>. This Agreement is made with Purchaser in reliance upon Purchaser&rsquo;s representation to the Seller Parties,
which by Purchaser&rsquo;s execution of this Agreement, Purchaser hereby confirms, that the Target Equity to be acquired by Purchaser
will be acquired for investment for Purchaser&rsquo;s own account, not as a nominee or agent, and not with a view to the resale or distribution
of any part thereof, that Purchaser has no present intention of selling, granting any participation in, or otherwise distributing the
same, and that Purchaser has sufficient financial capacity to make the Purchase Price payments to VRB Cayman and make the Capital Increase
payments to VRB China in accordance with the terms and conditions of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4.3.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#23436;&#20840;&#20026;&#33258;&#24049;&#36141;&#20080;&#12290;</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#21327;&#35758;&#26159;&#26681;&#25454;&#20080;&#26041;&#23545;&#21334;&#26041;&#20840;&#20307;&#30340;&#38472;&#36848;&#19982;&#20080;&#26041;&#35746;&#31435;&#30340;&#65292;&#20080;&#26041;&#22312;&#31614;&#32626;&#26412;&#21327;&#35758;&#26102;&#30830;&#35748;&#65292;&#20080;&#26041;&#23558;&#25910;&#36141;&#30340;&#30446;&#26631;&#32929;&#26435;&#26159;&#20026;&#20080;&#26041;&#33258;&#24049;&#36827;&#34892;&#25237;&#36164;&#65292;&#32780;&#19981;&#26159;&#20316;&#20026;&#20195;&#21517;&#20154;&#25110;&#20195;&#29702;&#20154;&#65292;&#20063;&#19981;&#26159;&#20026;&#20102;&#36716;&#21806;&#25110;&#20998;&#38144;&#20854;&#20013;&#30340;&#20219;&#20309;&#37096;&#20998;&#65292;&#20080;&#26041;&#30446;&#21069;&#26080;&#24847;&#20986;&#21806;&#12289;&#25480;&#20104;&#20219;&#20309;&#21442;&#19982;&#26435;&#25110;&#20197;&#20854;&#20182;&#26041;&#24335;&#20998;&#38144;&#30446;&#26631;&#32929;&#26435;&#65292;&#19988;&#20080;&#26041;&#26377;&#36275;&#22815;&#30340;&#36130;&#21153;&#33021;&#21147;&#26681;&#25454;&#26412;&#21327;&#35758;&#30340;&#26465;&#27454;&#21644;&#26465;&#20214;&#21521;VRB&#24320;&#26364;&#25903;&#20184;&#36141;&#20080;&#20215;&#27454;&#27454;&#39033;&#20197;&#21450;&#21521;
VRB&#20013;&#22269;&#25903;&#20184;&#22686;&#36164;&#27454;&#39033;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4.4.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Sanctions</B></FONT>.
Neither Purchaser, nor any of its officers, directors, employees, agents, shareholders or partners has been or presently is subject to
any sanctions that would impair the ability of Purchaser to enter into this Agreement and consummate the transactions contemplated hereby.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>4.4.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>&#21046;&#35009;&#12290;</B>&#20080;&#26041;&#21450;&#20854;&#20219;&#20309;&#39640;&#32423;&#32844;&#21592;&#12289;&#33891;&#20107;&#12289;&#38599;&#21592;&#12289;&#20195;&#29702;&#20154;&#12289;&#32929;&#19996;&#25110;&#21512;&#20249;&#20154;&#36807;&#21435;&#25110;&#29616;&#22312;&#22343;&#26410;&#21463;&#21040;&#20219;&#20309;&#21487;&#33021;&#25439;&#23475;&#20080;&#26041;&#31614;&#35746;&#26412;&#21327;&#35758;&#21644;&#23436;&#25104;&#26412;&#21327;&#35758;&#32422;&#23450;&#30340;&#20132;&#26131;&#30340;&#33021;&#21147;&#30340;&#21046;&#35009;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4.5.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Exculpation</B></FONT>.
Purchaser acknowledges that it is not relying upon Person in making its investment or decision to invest in VRB China.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4.5.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20813;&#36131;&#12290;</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20080;&#26041;&#25215;&#35748;&#65292;&#20854;&#22312;&#25237;&#36164;&#25110;&#20915;&#23450;&#25237;&#36164;&#20110;
</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#26102;&#24182;&#19981;&#20381;&#36182;&#20110;&#20154;&#22763;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4.6.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Residence</B></FONT>.
The office or offices of Purchaser in which it has its principal place of business is identified in the address or addresses of Purchaser
set forth on Purchaser&rsquo;s signature page.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>4.6.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>&#20303;&#25152;&#12290;</B>&#20080;&#26041;&#20027;&#35201;&#33829;&#19994;&#22320;&#28857;&#25152;&#22312;&#30340;&#19968;&#20010;&#25110;&#22810;&#20010;&#21150;&#20107;&#22788;&#22312;&#20080;&#26041;&#31614;&#21517;&#39029;&#19978;&#21015;&#20986;&#30340;&#20080;&#26041;&#22320;&#22336;&#20013;&#30830;&#23450;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4.7.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Independent
Investigation</B></FONT>. Purchaser has conducted its own independent investigation, review and analysis of the Business, results of
operations, prospects, condition (financial or otherwise), and assets of VRB China. Purchaser acknowledges and agrees that: (a) in making
its decision to enter into this Agreement and to consummate the transactions contemplated hereby, Purchaser has relied solely upon its
own investigation and the express representations and warranties of the Seller Parties set forth in <U>Article III</U>; and (b) none
of the Seller Parties or any other Person has made any representation or warranty as to any Seller Party, the Business, or this Agreement,
except as expressly set forth in <U>Article III</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4.7.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#29420;&#31435;&#35843;&#26597;&#12290;</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20080;&#26041;&#24050;&#23545;
</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#30340;&#19994;&#21153;&#12289;&#32463;&#33829;&#19994;&#32489;&#12289;&#21069;&#26223;&#12289;&#29366;&#20917;&#65288;&#36130;&#21153;&#25110;&#20854;&#20182;&#26041;&#38754;&#65289;&#21644;&#36164;&#20135;&#36827;&#34892;&#20102;&#29420;&#31435;&#35843;&#26597;&#12289;&#23457;&#26597;&#21644;&#20998;&#26512;&#12290;&#20080;&#26041;&#25215;&#35748;&#24182;&#21516;&#24847;&#65288;</FONT>a<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#20080;&#26041;&#22312;&#20915;&#23450;&#31614;&#35746;&#26412;&#21327;&#35758;&#21644;&#23436;&#25104;&#26412;&#21327;&#35758;&#20013;&#32422;&#23450;&#30340;&#20132;&#26131;&#26102;&#65292;&#23436;&#20840;&#20381;&#36182;&#20110;&#20854;&#33258;&#36523;&#30340;&#35843;&#26597;&#21644;<U>&#31532;&#19977;&#26465;</U>&#20013;&#32422;&#23450;&#30340;&#21334;&#26041;&#20840;&#20307;&#30340;&#26126;&#30830;&#38472;&#36848;&#21644;&#20445;&#35777;&#65307;&#20197;&#21450;&#65288;</FONT>b<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#38500;<U>&#31532;&#19977;&#26465;</U>&#20013;&#26126;&#30830;&#32422;&#23450;&#30340;&#24773;&#20917;&#22806;&#65292;&#21334;&#26041;&#20840;&#20307;&#25110;&#20219;&#20309;&#20854;&#20182;&#20154;&#22763;&#22343;&#26410;&#23601;&#20219;&#20309;&#21334;&#26041;&#12289;&#19994;&#21153;&#25110;&#26412;&#21327;&#35758;&#20570;&#20986;&#20219;&#20309;&#38472;&#36848;&#25110;&#20445;&#35777;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>Article&nbsp;V<BR>
</B></FONT><B><FONT STYLE="text-transform: uppercase">miscellaneous</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; text-transform: uppercase"><B>&#31532;&#20116;&#26465;</B></FONT><B><FONT STYLE="text-transform: uppercase"><BR>
 &#26434;&#39033;</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>5.1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Governing
Law</B>. This Agreement shall be governed by the law of the PRC (excluding the law of Hong Kong SAR, Macao SAR and Taiwan), without regard
to conflicts of law principles that would result in the application of any law other than the law of the PRC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>5</B></FONT><B>.1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#36866;&#29992;&#27861;&#24459;</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#12290;&#26412;&#21327;&#35758;&#21463;&#20013;&#21326;&#20154;&#27665;&#20849;&#21644;&#22269;&#27861;&#24459;&#65288;&#19981;&#21253;&#25324;&#39321;&#28207;&#29305;&#21035;&#34892;&#25919;&#21306;&#12289;&#28595;&#38376;&#29305;&#21035;&#34892;&#25919;&#21306;&#21644;&#21488;&#28286;&#21306;&#22495;&#30340;&#27861;&#24459;&#65289;&#31649;&#36758;&#65292;&#19981;&#32771;&#34385;&#23548;&#33268;&#36866;&#29992;&#20013;&#21326;&#20154;&#27665;&#20849;&#21644;&#22269;&#27861;&#24459;&#20197;&#22806;&#20219;&#20309;&#27861;&#24459;&#30340;&#27861;&#24459;&#20914;&#31361;&#21407;&#21017;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>5.2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Language</B></FONT>.
This Agreement has been prepared in both the English language and in the Chinese language, with the Chinese language prevailing in the
case of any inconsistency.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>5</B></FONT><B>.2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#35821;&#35328;</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#12290;&#26412;&#21327;&#35758;&#20197;&#33521;&#25991;&#21644;&#20013;&#25991;&#20004;&#31181;&#35821;&#35328;&#32534;&#20889;&#65292;&#22914;&#26377;&#20219;&#20309;&#19981;&#19968;&#33268;&#20043;&#22788;&#65292;&#20197;&#20013;&#25991;&#20026;&#20934;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>5.3.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Dispute
Resolution</B>. Any disputes arising from or related to this Agreement or any other Transaction Agreements shall be resolved through
friendly negotiations between the Parties. If an agreement cannot be reached, either Purchaser or any Seller Party shall submit to Beijing
Arbitration Commission for arbitration in accordance with its rules&nbsp;of arbitration in effect at the time of applying for arbitration.
The seat of arbitration shall be Beijing. The arbitral award is final and binding upon all Parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>5</B></FONT><B>.3.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20105;&#35758;&#35299;&#20915;</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#12290;&#22240;&#26412;&#21327;&#35758;&#25110;&#20219;&#20309;&#20854;&#20182;&#20132;&#26131;&#21327;&#35758;&#20135;&#29983;&#30340;&#25110;&#19982;&#26412;&#21327;&#35758;&#25110;&#20219;&#20309;&#20854;&#20182;&#20132;&#26131;&#21327;&#35758;&#26377;&#20851;&#30340;&#20219;&#20309;&#20105;&#35758;&#24212;&#30001;&#21508;&#26041;&#36890;&#36807;&#21451;&#22909;&#21327;&#21830;&#35299;&#20915;&#12290;&#22914;&#26080;&#27861;&#36798;&#25104;&#21327;&#35758;&#65292;&#20080;&#26041;&#25110;&#20219;&#20309;&#21334;&#26041;&#21487;&#25552;&#35831;&#21271;&#20140;&#20210;&#35009;&#22996;&#21592;&#20250;&#25353;&#29031;&#35813;&#20250;&#29616;&#34892;&#20210;&#35009;&#35268;&#21017;&#36827;&#34892;&#20210;&#35009;&#12290;&#20210;&#35009;&#22320;&#22312;&#21271;&#20140;&#65292;&#20210;&#35009;&#35009;&#20915;&#26159;&#32456;&#23616;&#30340;&#65292;&#23545;&#21508;&#26041;&#22343;&#26377;&#32422;&#26463;&#21147;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>5.4.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Confidentiality</B></FONT>.
Except with prior written consent of the Party providing the Confidential Information, the other Parties shall not disclose or permit
the disclosure of the Confidential Information in any manner. &ldquo;Confidential Information&rdquo; means (a)&nbsp;the existence and
contents of the transaction contemplated under this Agreement and other Transaction Agreements; (b)&nbsp;any terms, conditions or other
aspects of this Agreement and other Transaction Agreements; (c)&nbsp;negotiations of the transaction contemplated under this Agreement
and other Transaction Agreements; and (d)&nbsp;any confidential or proprietary information relating to its business, financial condition,
information of customers and other confidential matters that have been disclosed or may be disclosed by a Party to the other Parties
under the Transaction Agreements. Notwithstanding the foregoing, the Parties may disclose (i)&nbsp;the Confidential Information only
for their own use to their Affiliates and their employees, officers, directors, bankers, lenders, accountants, legal counsels, business
partners, representatives or advisors (the &ldquo;<B>Representatives</B>&rdquo;) who need to know the Confidential Information, in each
case only where such Persons are aware of the confidentiality of the Confidential Information and are under substantially similar obligations
as set forth in this <U>Section&nbsp;5.4</U>; (ii)&nbsp;the disclosure is required pursuant to any applicable laws and regulations (including
security laws, rules, and regulations), or any applicable requirements of any securities exchange listing; and (iii)&nbsp;the disclosure
is required by any competent Governmental Authority; provided further that, in the case of (iii), any Party is requested or becomes legally
compelled to disclose (the &ldquo;<B>Disclosing Party</B>&rdquo;) shall (x)&nbsp;provide the other Parties with prompt written notice
of that fact and shall consult with the other Parties regarding such disclosure, and (y)&nbsp;at the request of another Party, to the
extent reasonably possible and with the cooperation and reasonable efforts of the other parties, seek a protective order, confidential
treatment or other appropriate remedies. In any event, the Disclosing Party shall furnish only that portion of the information that is
legally required and shall exercise reasonable efforts to obtain reliable assurance that confidential treatment will be accorded such
information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>5.4.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20445;&#23494;&#12290;</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#38500;&#38750;&#20107;&#20808;&#24471;&#21040;&#25552;&#20379;&#20445;&#23494;&#20449;&#24687;&#19968;&#26041;&#30340;&#20070;&#38754;&#21516;&#24847;&#65292;&#21542;&#21017;&#20854;&#20182;&#21508;&#26041;&#19981;&#24471;&#20197;&#20219;&#20309;&#26041;&#24335;&#25259;&#38706;&#25110;&#20801;&#35768;&#25259;&#38706;&#20445;&#23494;&#20449;&#24687;&#12290;&ldquo;&#20445;&#23494;&#20449;&#24687;&rdquo;&#25351;&#65288;a&#65289;&#26412;&#21327;&#35758;&#21450;&#20854;&#20182;&#20132;&#26131;&#21327;&#35758;&#39033;&#19979;&#36827;&#34892;&#30340;&#20132;&#26131;&#30340;&#23384;&#22312;&#21644;&#20869;&#23481;&#65307;&#65288;b&#65289;&#26412;&#21327;&#35758;&#21450;&#20854;&#20182;&#20132;&#26131;&#21327;&#35758;&#20013;&#30340;&#20219;&#20309;&#26465;&#27454;&#12289;&#26465;&#20214;&#25110;&#20854;&#20182;&#26041;&#38754;&#65307;&#65288;c&#65289;&#26681;&#25454;&#26412;&#21327;&#35758;&#21450;&#20854;&#20182;&#20132;&#26131;&#21327;&#35758;&#36827;&#34892;&#30340;&#20132;&#26131;&#30340;&#35848;&#21028;&#65307;&#20197;&#21450;&#65288;d&#65289;&#24050;&#32463;&#25110;&#21487;&#33021;&#30001;&#19968;&#26041;&#26681;&#25454;&#20132;&#26131;&#21327;&#35758;&#21521;&#20854;&#20182;&#21508;&#26041;&#25259;&#38706;&#30340;&#65292;&#26377;&#20851;&#20854;&#19994;&#21153;&#12289;&#36130;&#21153;&#29366;&#20917;&#12289;&#23458;&#25143;&#20449;&#24687;&#21450;&#20854;&#20182;&#20445;&#23494;&#20107;&#39033;&#30340;&#20445;&#23494;&#25110;&#19987;&#26377;&#20449;&#24687;&#12290;&#23613;&#31649;&#26377;&#20197;&#19978;&#32422;&#23450;&#65292;&#21508;&#26041;&#20173;&#21487;&#65288;i&#65289;&#20165;&#20026;&#33258;&#36523;&#20351;&#29992;&#30340;&#30446;&#30340;&#21521;&#20854;&#20851;&#32852;&#26041;&#21450;&#38656;&#35201;&#20102;&#35299;&#20445;&#23494;&#20449;&#24687;&#30340;&#21592;&#24037;&#12289;&#31649;&#29702;&#20154;&#21592;&#12289;&#33891;&#20107;&#12289;&#38134;&#34892;&#23478;&#12289;&#36151;&#27454;&#20154;&#12289;&#20250;&#35745;&#12289;&#27861;&#24459;&#39038;&#38382;&#12289;&#21830;&#19994;&#20249;&#20276;&#12289;&#20195;&#34920;&#25110;&#39038;&#38382;&#65288;&ldquo;&#20195;&#34920;&rdquo;&#65289;&#25259;&#38706;&#20445;&#23494;&#20449;&#24687;&#65292;&#19988;&#22312;&#27599;&#31181;&#24773;&#20917;&#19979;&#65292;&#20165;&#22312;&#27492;&#31867;&#20154;&#22763;&#20102;&#35299;&#20445;&#23494;&#20449;&#24687;&#30340;&#20445;&#23494;&#24615;&#24182;&#25215;&#25285;&#19982;&#26412;&#21327;&#35758;<U>&#31532;5.4&#26465;</U>&#32422;&#23450;&#30340;&#30456;&#20284;&#30340;&#20041;&#21153;&#30340;&#24773;&#20917;&#19979;&#25259;&#38706;&#20445;&#23494;&#20449;&#24687;&#65307;&#65288;ii&#65289;&#26681;&#25454;&#20219;&#20309;&#36866;&#29992;&#27861;&#24459;&#21644;&#27861;&#35268;&#65288;&#21253;&#25324;&#35777;&#21048;&#27861;&#12289;&#35268;&#21017;&#21644;&#27861;&#35268;&#65289;&#65292;&#25110;&#20219;&#20309;&#36866;&#29992;&#30340;&#20219;&#20309;&#20132;&#26131;&#25152;&#19978;&#24066;&#35268;&#21017;&#35201;&#27714;&#25259;&#38706;&#65307;&#20197;&#21450;&#65288;iii&#65289;&#24212;&#20219;&#20309;&#20027;&#31649;&#25919;&#24220;&#26426;&#20851;&#35201;&#27714;&#25259;&#38706;&#65292;&#20294;&#22312;&#31532;(ii)&#21644;(iii)&#39033;&#30340;&#24773;&#20917;&#19979;&#65292;&#20219;&#20309;&#19968;&#26041;&#34987;&#35201;&#27714;&#25110;&#34987;&#20381;&#27861;&#24378;&#21046;&#25259;&#38706;&#65288;&ldquo;&#25259;&#38706;&#26041;&rdquo;&#65289;&#24212;
(x) &#21450;&#26102;&#21521;&#20854;&#20182;&#21508;&#26041;&#21457;&#20986;&#20070;&#38754;&#36890;&#30693;&#65292;&#24182;&#23601;&#25259;&#38706;&#20107;&#23452;&#19982;&#20854;&#20182;&#21508;&#26041;&#36827;&#34892;&#21327;&#21830;&#65292;
(y) &#24212;&#21478;&#19968;&#26041;&#30340;&#35201;&#27714;&#65292;&#22312;&#20854;&#20182;&#21508;&#26041;&#30340;&#21512;&#20316;&#21644;&#21512;&#29702;&#21162;&#21147;&#19979;&#65292;&#22312;&#21512;&#29702;&#21487;&#33021;&#30340;&#33539;&#22260;&#20869;&#23547;&#27714;&#20445;&#25252;&#20196;&#12289;&#20445;&#23494;&#22788;&#29702;&#25110;&#20854;&#20182;&#36866;&#24403;&#30340;&#34917;&#25937;&#25514;&#26045;&#12290;&#22312;&#20219;&#20309;&#24773;&#20917;&#19979;&#65292;&#25259;&#38706;&#26041;&#20165;&#24212;&#25552;&#20379;&#27861;&#24459;&#35201;&#27714;&#30340;&#37027;&#37096;&#20998;&#20449;&#24687;&#65292;&#24182;&#24212;&#23613;&#21512;&#29702;&#21162;&#21147;&#33719;&#24471;&#21487;&#38752;&#20445;&#35777;&#65292;&#20351;&#27492;&#31867;&#20449;&#24687;&#24471;&#21040;&#20445;&#23494;&#22788;&#29702;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>5.5.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Successors
and Assigns</B>. The terms and conditions of this Agreement shall inure to the benefit of and be binding upon the respective successors
and assigns of the Parties. Nothing in this Agreement, express or implied, is intended to confer upon any party other than the Parties
hereto or their respective successors and assigns any rights, remedies, obligations or liabilities under or by reason of this Agreement,
except as expressly provided in this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>5.5.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>&#32487;&#25215;&#20154;&#21644;&#21463;&#35753;&#20154;</B>&#12290;&#26412;&#21327;&#35758;&#30340;&#26465;&#27454;&#21644;&#26465;&#20214;&#24212;&#24800;&#21450;&#21508;&#26041;&#21508;&#33258;&#30340;&#32487;&#25215;&#20154;&#21644;&#21463;&#35753;&#20154;&#65292;&#24182;&#23545;&#20854;&#20855;&#26377;&#32422;&#26463;&#21147;&#12290;&#38500;&#26412;&#21327;&#35758;&#26377;&#26126;&#30830;&#32422;&#23450;&#22806;&#65292;&#26412;&#21327;&#35758;&#30340;&#20219;&#20309;&#26126;&#31034;&#25110;&#40664;&#31034;&#26465;&#27454;&#22343;&#26080;&#24847;&#36171;&#20104;&#26412;&#21327;&#35758;&#21508;&#26041;&#25110;&#20854;&#21508;&#33258;&#30340;&#32487;&#25215;&#20154;&#21644;&#21463;&#35753;&#20154;&#20197;&#22806;&#30340;&#20219;&#20309;&#19968;&#26041;&#26412;&#21327;&#35758;&#39033;&#19979;&#30340;&#25110;&#22240;&#26412;&#21327;&#35758;&#32780;&#20135;&#29983;&#30340;&#20219;&#20309;&#26435;&#21033;&#12289;&#34917;&#25937;&#25514;&#26045;&#12289;&#20041;&#21153;&#25110;&#36131;&#20219;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>5.6.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Notices.
</B>All notices and other communications given or made pursuant to this Agreement shall be in writing (including electronic mail as permitted
in this Agreement) and shall be deemed effectively given upon the earlier of actual receipt, or (i)&nbsp;personal delivery to the Party
to be notified; (ii)&nbsp;when sent, if sent by electronic mail during normal business hours of the recipient, and if not sent during
normal business hours, then on the recipient&rsquo;s next Business Day; (iii)&nbsp;five days after having been sent by registered or
certified mail, return receipt requested, postage prepaid; or (iv)&nbsp;one Business Day after deposit with a nationally recognized overnight
courier, freight prepaid, specifying next Business Day delivery, with written verification of receipt. All communications shall be sent
to the respective Parties at the following addresses (or to such address as subsequently modified by written notice given in accordance
with this <U>Section&nbsp;5.6</U>):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>5.</B></FONT><B>6.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#36890;&#30693;&#12290;</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26681;&#25454;&#26412;&#21327;&#35758;&#21457;&#20986;&#25110;&#36827;&#34892;&#30340;&#25152;&#26377;&#36890;&#30693;&#21644;&#20854;&#20182;&#36890;&#20449;&#22343;&#24212;&#37319;&#29992;&#20070;&#38754;&#24418;&#24335;&#65288;&#21253;&#25324;&#26412;&#21327;&#35758;&#20801;&#35768;&#30340;&#30005;&#23376;&#37038;&#20214;&#65289;&#65292;&#24182;&#24212;&#22312;&#23454;&#38469;&#25910;&#21040;&#20043;&#26085;&#25110;&#20197;&#19979;&#24773;&#20917;&#20013;&#26368;&#26089;&#30340;&#26102;&#38388;&#35270;&#20026;&#26377;&#25928;&#36865;&#36798;&#65306;&#65288;</FONT>i<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#36890;&#36807;&#20010;&#20154;&#36882;&#36865;&#33267;&#34987;&#36890;&#30693;&#26041;&#65307;&#65288;</FONT>ii<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#22312;&#27491;&#24120;&#24037;&#20316;&#26102;&#38388;&#20869;&#36890;&#36807;&#30005;&#23376;&#37038;&#20214;&#21457;&#36865;&#30340;&#24773;&#20917;&#19979;&#65292;&#21457;&#36865;&#26102;&#35270;&#20026;&#24050;&#36865;&#36798;&#65307;&#33509;&#19981;&#22312;&#27491;&#24120;&#24037;&#20316;&#26102;&#38388;&#20869;&#21457;&#36865;&#65292;&#21017;&#22312;&#25509;&#25910;&#26041;&#30340;&#19979;&#19968;&#20010;&#24037;&#20316;&#26085;&#35270;&#20026;&#24050;&#36865;&#36798;&#65307;&#65288;</FONT>iii<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#36890;&#36807;&#25346;&#21495;&#25110;&#35748;&#35777;&#37038;&#20214;&#21457;&#36865;&#21518;&#20116;&#22825;&#65292;&#35201;&#27714;&#22238;&#25191;&#65292;&#37038;&#36153;&#24050;&#20184;&#65307;&#25110;&#65288;</FONT>iv<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#22312;&#36890;&#36807;&#20840;&#22269;&#30693;&#21517;&#30340;&#38548;&#22812;&#24555;&#36882;&#20844;&#21496;&#23492;&#36865;&#21518;&#19968;&#20010;&#24037;&#20316;&#26085;&#20869;&#65292;&#36816;&#36153;&#24050;&#20184;&#65292;&#25351;&#23450;&#27425;&#26085;&#36865;&#36798;&#65292;&#24182;&#38468;&#26377;&#20070;&#38754;&#25910;&#20214;&#30830;&#35748;&#12290;&#25152;&#26377;&#36890;&#20449;&#24212;&#21457;&#36865;&#33267;&#21508;&#26041;&#30340;&#20197;&#19979;&#22320;&#22336;&#65288;&#25110;&#25353;&#26412;<U>&#31532;</U></FONT><U>5.6<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;</FONT></U><FONT STYLE="font-family: Times New Roman, Times, Serif">&#32422;&#23450;&#20197;&#20070;&#38754;&#36890;&#30693;&#26041;&#24335;&#20462;&#25913;&#30340;&#22320;&#22336;&#65289;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">If to VRB Cayman:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#33509;&#33267;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#65306;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">VRB Energy Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">PO Box 1350</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Clifton House, 75 Fort Street</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Grand Cayman</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">KYI-1108 Cayman Islands</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">Email: GeneralCounsel@ivnelectric.com; Quentin@ivnelectric.com;
and leonardo.sacch@ivanhoeelectric.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">If to VRB China:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#33509;&#33267;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#65306;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">VRB Energy System (Beijing) Co. Ltd.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Beijing Lutong Hongyun Technology and Cultural
Creativity Park,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">No.&nbsp;17 Yunshan South Road, Tongzhou District,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Beijing, PRC</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Email: charlesge@vrbenergy.com; PeterZ@ivanhoemines.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">If to Purchaser:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#33509;&#33267;&#20080;&#26041;&#65306;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">China Energy Storage Co. Ltd.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&#20013;&#33021;&#20648;&#23454;&#19994;&#26377;&#38480;&#20844;&#21496;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Unit 908, Xirongxian Hutong,
Xuannei Street, Xicheng District, Beijing, PRC <FONT STYLE="font-family: Times New Roman, Times, Serif">&#21271;&#20140;&#35199;&#22478;&#21306;&#23459;&#20869;&#22823;&#34903;&#35199;&#32466;&#32447;&#32993;&#21516;&#22825;&#23433;&#22269;&#27719;&#22823;&#21414;</FONT>908</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Email <FONT STYLE="font-family: Times New Roman, Times, Serif">&#37038;&#20214;</FONT>:
pengqi@vrbenergy.com; zeshuaihan@vrbenergy.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>5.7.&#8239;&#8239;&#8239;&#8239;</B></FONT>&#8239;&#8239;&#8239;&#8239;&nbsp;<B>No
Finder&rsquo;s Fees</B>. Each party represents that it neither is nor will be obligated for any finder&rsquo;s fee or commission in connection
with this transaction. Purchaser agrees to indemnify and to hold harmless the Seller Parties from any liability for any commission or
compensation in the nature of a finder&rsquo;s or broker&rsquo;s fee arising out of this transaction (and the costs and expenses of defending
against such liability or asserted liability) for which Purchaser or any of its officers, employees or representatives is responsible.
Each Seller Party agrees to indemnify and hold harmless Purchaser from any liability for any commission or compensation in the nature
of a finder&rsquo;s or broker&rsquo;s fee arising out of this transaction (and the costs and expenses of defending against such liability
or asserted liability) for which each Seller Party or any of its officers, employees or representatives is responsible.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>5</B></FONT><B>.7.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26080;&#20013;&#20171;&#36153;&#12290;</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#27599;&#19968;&#26041;&#22768;&#26126;&#65292;&#29616;&#22312;&#21644;&#23558;&#26469;&#37117;&#19981;&#25215;&#25285;&#19982;&#26412;&#20132;&#26131;&#26377;&#20851;&#30340;&#20219;&#20309;&#20013;&#20171;&#36153;&#25110;&#20323;&#37329;&#12290;&#20080;&#26041;&#21516;&#24847;&#36180;&#20607;&#21334;&#26041;&#20840;&#20307;&#22240;&#26412;&#27425;&#20132;&#26131;&#20135;&#29983;&#30340;&#20219;&#20309;&#20323;&#37329;&#25110;&#20013;&#20171;&#36153;&#24615;&#36136;&#30340;&#36131;&#20219;&#65288;&#20197;&#21450;&#23601;&#27492;&#31867;&#36131;&#20219;&#25110;&#20027;&#24352;&#30340;&#36131;&#20219;&#36827;&#34892;&#25239;&#36777;&#30340;&#25104;&#26412;&#21644;&#36153;&#29992;&#65289;&#24182;&#20351;&#20854;&#20813;&#21463;&#25439;&#23475;&#12290;&#21508;&#21334;&#26041;&#21516;&#24847;&#36180;&#20607;&#20080;&#26041;&#22240;&#26412;&#27425;&#20132;&#26131;&#20135;&#29983;&#30340;&#20219;&#20309;&#20323;&#37329;&#25110;&#20013;&#20171;&#36153;&#24615;&#36136;&#30340;&#36131;&#20219;&#65288;&#20197;&#21450;&#23601;&#27492;&#31867;&#36131;&#20219;&#25110;&#20027;&#24352;&#30340;&#36131;&#20219;&#36827;&#34892;&#25239;&#36777;&#30340;&#25104;&#26412;&#21644;&#36153;&#29992;&#65289;&#24182;&#20351;&#20080;&#26041;&#20813;&#21463;&#25439;&#23475;&#65292;&#21508;&#21334;&#26041;&#25110;&#20854;&#20219;&#20309;&#39640;&#32423;&#32844;&#21592;&#12289;&#38599;&#21592;&#25110;&#20195;&#34920;&#23545;&#27492;&#36127;&#36131;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>5.8.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Costs
of Enforcement</B>. If any action at law or in equity (including, arbitration) is necessary to enforce or interpret the terms of this
Agreement or any other Transaction Agreement, the prevailing party shall be entitled to reasonable attorneys&rsquo; fees, costs and necessary
disbursements in addition to any other relief to which such party may be entitled.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>5.8.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>&#25191;&#34892;&#36153;&#29992;&#12290;</B>&#22914;&#26524;&#20026;&#25191;&#34892;&#25110;&#35299;&#37322;&#26412;&#21327;&#35758;&#25110;&#20219;&#20309;&#20854;&#20182;&#20132;&#26131;&#21327;&#35758;&#30340;&#26465;&#27454;&#32780;&#24517;&#39035;&#37319;&#21462;&#20219;&#20309;&#27861;&#24459;&#25110;&#34913;&#24179;&#27861;&#34892;&#21160;&#65288;&#21253;&#25324;&#20210;&#35009;&#65289;&#65292;&#21017;&#32988;&#35785;&#26041;&#38500;&#26377;&#26435;&#33719;&#24471;&#20219;&#20309;&#20854;&#20182;&#25937;&#27982;&#22806;&#65292;&#36824;&#26377;&#26435;&#33719;&#24471;&#21512;&#29702;&#30340;&#24459;&#24072;&#36153;&#12289;&#25104;&#26412;&#36153;&#21644;&#24517;&#35201;&#30340;&#25903;&#20986;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>5.9.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Amendments
and Waivers</B>. This Agreement may not be amended, except in a writing signed by all Parties to this Agreement. Any waiver, permit,
consent or approval of any kind or character on the part of any Party of any breach or default under this Agreement, or any waiver on
the part of any Party of any provisions or conditions of this Agreement, must be in writing and signed by the Party providing the waiver,
and shall be effective only to the extent specifically set forth in such writing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>5</B></FONT><B>.9.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20462;&#35746;&#19982;&#24323;&#26435;</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#12290;&#38500;&#38750;&#26412;&#21327;&#35758;&#25152;&#26377;&#26041;&#31614;&#32626;&#20070;&#38754;&#25991;&#20214;&#65292;&#21542;&#21017;&#19981;&#24471;&#20462;&#35746;&#26412;&#21327;&#35758;&#12290;&#20219;&#20309;&#19968;&#26041;&#23545;&#26412;&#21327;&#35758;&#39033;&#19979;&#20219;&#20309;&#36829;&#21453;&#25110;&#36829;&#32422;&#34892;&#20026;&#30340;&#20219;&#20309;&#31181;&#31867;&#25110;&#24615;&#36136;&#30340;&#25918;&#24323;&#12289;&#35768;&#21487;&#12289;&#21516;&#24847;&#25110;&#25209;&#20934;&#65292;&#25110;&#20219;&#20309;&#19968;&#26041;&#23545;&#26412;&#21327;&#35758;&#20219;&#20309;&#26465;&#27454;&#25110;&#26465;&#20214;&#30340;&#20219;&#20309;&#25918;&#24323;&#65292;&#24517;&#39035;&#20197;&#20070;&#38754;&#24418;&#24335;&#20570;&#20986;&#65292;&#24182;&#30001;&#25552;&#20379;&#25918;&#24323;&#30340;&#19968;&#26041;&#31614;&#32626;&#65292;&#19988;&#20165;&#22312;&#35813;&#20070;&#38754;&#24418;&#24335;&#20855;&#20307;&#35268;&#23450;&#30340;&#33539;&#22260;&#20869;&#26377;&#25928;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>5.10.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Severability</B>.
The invalidity or unenforceability of any provision hereof shall in no way affect the validity or enforceability of any other provision.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>5</B></FONT><B>.10.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21487;&#20998;&#21106;&#24615;</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#12290;&#26412;&#21327;&#35758;&#20219;&#20309;&#26465;&#27454;&#30340;&#26080;&#25928;&#24615;&#25110;&#19981;&#21487;&#25191;&#34892;&#24615;&#32477;&#19981;&#24433;&#21709;&#20219;&#20309;&#20854;&#20182;&#26465;&#27454;&#30340;&#26377;&#25928;&#24615;&#25110;&#21487;&#25191;&#34892;&#24615;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>5.11.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Delays
or Omissions</B>. No delay or omission to exercise any right, power or remedy accruing to any Party under this Agreement, upon any breach
or default of any other Party under this Agreement, shall impair any such right, power or remedy of such non-breaching or non-defaulting
Party nor shall it be construed to be a waiver of any such breach or default, or an acquiescence therein, or of or in any similar breach
or default thereafter occurring; nor shall any waiver of any single breach or default be deemed a waiver of any other breach or default
theretofore or thereafter occurring.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>5.11.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>&#24310;&#36831;&#25110;&#36951;&#28431;&#12290;</B>&#20219;&#20309;&#19968;&#26041;&#22312;&#26412;&#21327;&#35758;&#19979;&#22240;&#21478;&#19968;&#26041;&#30340;&#36829;&#32422;&#25110;&#22833;&#36131;&#32780;&#20139;&#26377;&#30340;&#20219;&#20309;&#26435;&#21033;&#12289;&#26435;&#21147;&#25110;&#34917;&#25937;&#25514;&#26045;&#30340;&#24310;&#36831;&#34892;&#20351;&#25110;&#26410;&#34892;&#20351;&#65292;&#22343;&#19981;&#24471;&#25439;&#23475;&#35813;&#26410;&#36829;&#32422;&#25110;&#26410;&#22833;&#36131;&#26041;&#30340;&#20219;&#20309;&#27492;&#31867;&#26435;&#21033;&#12289;&#26435;&#21147;&#25110;&#34917;&#25937;&#25514;&#26045;&#65292;&#20063;&#19981;&#24471;&#34987;&#35299;&#37322;&#20026;&#23545;&#35813;&#36829;&#32422;&#25110;&#22833;&#36131;&#30340;&#25918;&#24323;&#12289;&#40664;&#35748;&#25110;&#23545;&#38543;&#21518;&#21457;&#29983;&#30340;&#31867;&#20284;&#36829;&#32422;&#25110;&#22833;&#36131;&#30340;&#25918;&#24323;&#25110;&#40664;&#35748;&#65307;&#23545;&#20219;&#20309;&#21333;&#19968;&#36829;&#32422;&#25110;&#22833;&#36131;&#30340;&#25918;&#24323;&#19981;&#24212;&#34987;&#35270;&#20026;&#23545;&#20043;&#21069;&#25110;&#20043;&#21518;&#21457;&#29983;&#30340;&#20219;&#20309;&#20854;&#20182;&#36829;&#32422;&#25110;&#22833;&#36131;&#30340;&#25918;&#24323;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>5.12.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Entire
Agreement</B>. This Agreement (including the Schedules and Exhibits attached hereto) constitutes the full and entire understanding and
agreement between the Parties with respect to the subject matter hereof, and any other written or oral agreement relating to the subject
matter hereof existing between the Parties are expressly canceled.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>5</B></FONT><B>.12.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#23436;&#25972;&#21327;&#35758;&#12290;</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#21327;&#35758;&#65288;&#21253;&#25324;&#38468;&#20110;&#26412;&#21327;&#35758;&#30340;&#38468;&#34920;&#21644;&#38468;&#20214;&#65289;&#26500;&#25104;&#21508;&#26041;&#23601;&#26412;&#21327;&#35758;&#26631;&#30340;&#20107;&#39033;&#36798;&#25104;&#30340;&#23436;&#25972;&#19988;&#20840;&#37096;&#30340;&#29702;&#35299;&#19982;&#21327;&#35758;&#65292;&#20219;&#20309;&#21508;&#26041;&#20043;&#38388;&#20851;&#20110;&#26412;&#21327;&#35758;&#26631;&#30340;&#20107;&#39033;&#30340;&#20854;&#20182;&#20070;&#38754;&#25110;&#21475;&#22836;&#21327;&#35758;&#22343;&#34987;&#26126;&#30830;&#21462;&#28040;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signature Page&nbsp;Follows]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#19979;&#25509;&#31614;&#23383;&#39029;</FONT>]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">IN WITNESS WHEREOF, the undersigned has duly executed
and delivered this Agreement effective as of the Execution Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#19979;&#21015;&#31614;&#32626;&#20154;&#24050;&#27491;&#24335;&#31614;&#32626;&#24182;&#36882;&#20132;&#26412;&#21327;&#35758;&#65292;&#33258;&#31614;&#32626;&#26085;&#36215;&#29983;&#25928;&#65292;&#20197;&#26157;&#20449;&#23432;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">VRB CAYMAN:</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">VRB&#24320;&#26364;&#65306;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">VRB Energy Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 45%">/s/ Quentin Markin</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&#30001;&#65306;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">/s/ Quentin Markin</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">Quentin Markin</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&#22995;&#21517;&#65306;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">Quentin Markin</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">Director</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&#32844;&#21153;&#65306;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">&#33891;&#20107;</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SIGNATURE PAGE TO PURCHASE, SALE AND INVESTMENT
AGREEMENT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">IN WITNESS WHEREOF, the undersigned has duly executed
and delivered this Agreement effective as of the Execution Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#19979;&#21015;&#31614;&#32626;&#20154;&#24050;&#27491;&#24335;&#31614;&#32626;&#24182;&#36882;&#20132;&#26412;&#21327;&#35758;&#65292;&#33258;&#31614;&#32626;&#26085;&#36215;&#29983;&#25928;&#65292;&#20197;&#26157;&#20449;&#23432;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">VRB CHINA:</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">VRB&#20013;&#22269;&#65306;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">VRB Energy System (Beijing) Co. Ltd.</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&#26222;&#33021;&#65288;&#21271;&#20140;&#65289;&#33021;&#28304;&#31185;&#25216;&#26377;&#38480;&#20844;&#21496;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 45%">/s/ Yanbao Li</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&#30001;&#65306;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">/s/ &#26446;&#33395;&#20445;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">Yanbao Li</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&#22995;&#21517;&#65306;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">&#26446;&#33395;&#20445;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">Legal Representative</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&#32844;&#21153;&#65306;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">&#27861;&#23450;&#20195;&#34920;&#20154;</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SIGNATURE PAGE TO PURCHASE, SALE AND INVESTMENT
AGREEMENT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 39 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">IN WITNESS WHEREOF, the undersigned has duly executed
and delivered this Agreement effective as of the Execution Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#19979;&#21015;&#31614;&#32626;&#20154;&#24050;&#27491;&#24335;&#31614;&#32626;&#24182;&#36882;&#20132;&#26412;&#21327;&#35758;&#65292;&#33258;&#31614;&#32626;&#26085;&#36215;&#29983;&#25928;&#65292;&#20197;&#26157;&#20449;&#23432;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">PURCHASER:</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&#20080;&#26041;&#65306;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">China Energy Storage Industry Co.,&nbsp;Ltd.</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&#20013;&#33021;&#20648;&#23454;&#19994;&#26377;&#38480;&#20844;&#21496;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 45%">/s/ Zeshuai Han</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&#30001;&#65306;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">/s/ &#38889;&#27901;&#24069;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">Zeshuai Han</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&#22995;&#21517;&#65306;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">&#38889;&#27901;&#24069;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">Executive Director</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&#32844;&#21153;&#65306;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">&#25191;&#34892;&#33891;&#20107;</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SIGNATURE PAGE TO PURCHASE, SALE AND INVESTMENT
AGREEMENT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>SCHEDULE I</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>&#38468;&#34920;
</U></FONT><U>I</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">PAYMENT SCHEDULE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#20184;&#27454;&#26102;&#38388;&#34920;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="text-align: center; width: 21%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; width: 5%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 5%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 5%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 5%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 5%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 4%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 4%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 5%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 4%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 5%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 5%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 4%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 4%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 5%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 4%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 5%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 5%"><FONT STYLE="font-size: 6pt">RMB</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-weight: bold; text-align: center; background-color: #DAF2D0"><FONT STYLE="font-size: 6pt">Year/&#24180;</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font-weight: bold; text-align: center; background-color: #DAF2D0"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="border-top: Black 1pt solid; border-right: Black 0.5pt solid; border-bottom: Black 1pt solid; border-left: Black 0.5pt solid; font-weight: bold; text-align: center; background-color: #92D050"><FONT STYLE="font-size: 6pt">2024</FONT></TD>
    <TD COLSPAN="12" STYLE="border-top: Black 1pt solid; border-right: Black 0.5pt solid; border-bottom: Black 1pt solid; font-weight: bold; text-align: center; border-left-color: Black; border-left-width: 0.5pt; background-color: #FFC000"><FONT STYLE="font-size: 6pt">2025</FONT></TD>
    <TD STYLE="border: Black 1pt solid; font-weight: bold; text-align: center; background-color: #83CCEB"><FONT STYLE="font-size: 6pt">Total</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="border-bottom: Black 0.5pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 6pt">Quarter/&#23395;&#24230;</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 0.5pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="border-top: Black 1pt solid; border-right: black 1pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-left-color: Black; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&#31532;4&#23395;&#24230;
    Q4</FONT></TD>
    <TD COLSPAN="3" STYLE="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">&#31532;&#19968;&#23395;&#24230;
    Q1</FONT></TD>
    <TD COLSPAN="3" STYLE="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-left-color: Black; border-left-width: 0.5pt"><FONT STYLE="font-size: 6pt">&nbsp;&#31532;&#20108;&#23395;&#24230;
    Q2</FONT></TD>
    <TD COLSPAN="3" STYLE="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-left-color: Black; border-left-width: 0.5pt"><FONT STYLE="font-size: 6pt">&#31532;&#19977;&#23395;&#24230;
    Q3</FONT></TD>
    <TD COLSPAN="3" STYLE="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center; border-left-color: Black; border-left-width: 0.5pt"><FONT STYLE="font-size: 6pt">&#31532;&#22235;&#23395;&#24230;
    Q4</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 0.5pt solid; border-left: Black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 6pt">Month/&#26376;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 6pt">10</FONT></TD>
    <TD STYLE="border-right: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt"><FONT STYLE="font-size: 6pt">11</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt"><FONT STYLE="font-size: 6pt">12</FONT></TD>
    <TD STYLE="border-right: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 6pt">1</FONT></TD>
    <TD STYLE="border-right: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt"><FONT STYLE="font-size: 6pt">2</FONT></TD>
    <TD STYLE="border-right: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt"><FONT STYLE="font-size: 6pt">3</FONT></TD>
    <TD STYLE="border-right: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt"><FONT STYLE="font-size: 6pt">4</FONT></TD>
    <TD STYLE="border-right: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt"><FONT STYLE="font-size: 6pt">5</FONT></TD>
    <TD STYLE="border-right: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt"><FONT STYLE="font-size: 6pt">6</FONT></TD>
    <TD STYLE="border-right: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt"><FONT STYLE="font-size: 6pt">7</FONT></TD>
    <TD STYLE="border-right: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt"><FONT STYLE="font-size: 6pt">8</FONT></TD>
    <TD STYLE="border-right: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt"><FONT STYLE="font-size: 6pt">9</FONT></TD>
    <TD STYLE="border-right: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt"><FONT STYLE="font-size: 6pt">10</FONT></TD>
    <TD STYLE="border-right: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt"><FONT STYLE="font-size: 6pt">11</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt"><FONT STYLE="font-size: 6pt">12</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 6pt">Total</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">&#32929;&#26435;&#25910;&#36141;<BR>
    Transfer Consideration</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;USD&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">10,000,000.00</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">10,000,000.00</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">20,000,000.00</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="border-left: Black 1pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 1pt"><FONT STYLE="font-size: 6pt">&#22686;&#36164;&#27454;<BR>
    Capital Increase</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; font-weight: bold; text-align: center; border-top-color: Black; border-top-width: 1pt"><FONT STYLE="font-size: 6pt">RMB</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">90,000,000.00</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">30,000,000.00</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">50,000,000.00</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">20,000,000.00</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">20,000,000.00</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">39,734,693.88</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">249,734,693.88</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">&#20013;&#33021;&#20648;&#25345;&#32929;&#27604;&#20363;<BR>
    Shares Percentage of CES</FONT></TD>
    <TD STYLE="border: Black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font-weight: bold; text-align: right; border-left-color: Black; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">51%</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">51%</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">51%</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">51%</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">51%</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">51%</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">51%</FONT></TD>
    <TD STYLE="border: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 6pt">&#39044;&#31639;
    Budget</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;&#22266;&#25237;&#39044;&#31639;<BR>
    Investment budget&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; border-left-color: Black; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 6pt">&#30005;&#35299;&#28082;&#24037;&#21378;&#25237;&#36164;<BR>
    electrolyte plant</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;50,000,000.00</FONT></TD>
    <TD STYLE="text-align: right; border-left-color: Black; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">15,000,000.00</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">15,000,000.00</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">15,000,000.00</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">5,000,000.00</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">50,000,000.00</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 6pt">&#20135;&#32447;&#24037;&#21378;&#65288;&#38271;&#27835;&#65289;<BR>
    &nbsp;production line plant&#65288;Changzhi City&#65289;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;40,000,000.00</FONT></TD>
    <TD STYLE="text-align: right; border-left-color: Black; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">12,000,000.00</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">12,000,000.00</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">12,000,000.00</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">4,000,000.00</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">40,000,000.00</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 6pt">&#20135;&#32447;&#24037;&#21378;&#65288;&#24576;&#21270;&#65289;<BR>
    &nbsp;production line plant&#65288;Huaihua City&#65289;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;25,000,000.00</FONT></TD>
    <TD STYLE="text-align: right; border-left-color: Black; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">7,500,000.00</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">7,500,000.00</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">7,500,000.00</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">2,500,000.00</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">25,000,000.00</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 6pt">&#30740;&#21457;&#36153;&#29992; <BR>
    R&amp;D</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left-color: Black; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">3,000,000.00</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">3,000,000.00</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">3,000,000.00</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">3,000,000.00</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">3,000,000.00</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">15,000,000.00</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 6pt">&#31649;&#29702;&#36153;&#29992;<BR>
    Management expenses</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left-color: Black; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">5,000,000.00</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">5,000,000.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 6pt">5,000,000.00</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">5,000,000.00</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">5,000,000.00</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">5,000,000.00</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">5,000,000.00</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">5,000,000.00</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">5,000,000.00</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">5,000,000.00</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">5,000,000.00</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">5,000,000.00</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">5,000,000.00</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">5,000,000.00</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">5,000,000.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 6pt">75,000,000.00</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 6pt">&#21097;&#20313;&#36164;&#37329;
    Cash</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 6pt">47,500,000.00</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 6pt">42,500,000.00</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 6pt">37,500,000.00</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 6pt">25,000,000.00</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 6pt">20,000,000.00</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 6pt">15,000,000.00</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 6pt">22,500,000.00</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 6pt">17,500,000.00</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 6pt">12,500,000.00</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 6pt">24,500,000.00</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 6pt">19,500,000.00</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 6pt">14,500,000.00</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 6pt">15,000,000.00</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 6pt">10,000,000.00</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 6pt">44,734,693.88</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-weight: bold"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="border-bottom: Black 0.5pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 6pt">&#24635;&#36136;&#25276;&#32929;&#26435;
    Total No. of Shares Pledged</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 0.5pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">29.98%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">26.08%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">19.58%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">10.36%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">7.76%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">5.16%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">0.00%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 0.5pt solid; border-left: Black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 6pt">&#35299;&#36136;&#25276;&#32929;&#26435;
    Share to be Released</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 6pt">3.90%</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 6pt">6.50%</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 6pt">9.22%</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 6pt">2.60%</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 6pt">2.60%</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 6pt">5.16%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&#25237;&#21069;&#20272;&#20540; Pre-money Valuation</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;&nbsp;&nbsp;520,000,000.00</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&#25237;&#21518;&#20272;&#20540; Post-money Valuation</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;&nbsp;&nbsp;769,734,693.88</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">&#20154;&#27665;&#24065;/&#32654;&#20803;&#27719;&#29575;
    Exchange Rate</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.10</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">USD 1M&#23545;&#24212;&#20154;&#27665;&#24065; <BR>
    RMB Corresponding to USD 1M</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;71,000,000.00</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  </TABLE>

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<P STYLE="margin: 0pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>SCHEDULE II</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>&#38468;&#34920;
</U></FONT><U>II</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">DISCLOSURE SCHEDULE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#25259;&#38706;&#38468;&#34920;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>DISCLOSURE SCHEDULE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&#25259;&#38706;&#38468;&#34920;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>TO</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&#38468;&#20110;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PURCHASE, SALE AND INVESTMENT AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&#36141;&#20080;&#12289;&#38144;&#21806;&#21644;&#25237;&#36164;&#21327;&#35758;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>DATED AS OF OCTOBER 15, 2024</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#26085;&#26399;&#20026;
</B></FONT><B>2024 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;</FONT> 10 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26376;
</FONT>15 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26085;</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>BY AND AMONG</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&#21508;&#26041;&#20026;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>VRB ENERGY INC.,</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>VRB ENERGY SYSTEM (BEIJING) CO., LTD.,</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&#26222;&#33021;&#65288;&#21271;&#20140;&#65289;&#33021;&#28304;&#31185;&#25216;&#26377;&#38480;&#20844;&#21496;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>AND</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&#21644;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CHINA ENERGY STORAGE INDUSTRY CO., LTD.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&#20013;&#33021;&#20648;&#23454;&#19994;&#26377;&#38480;&#20844;&#21496;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECTION 3.3</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#31532;
</B></FONT><B>3.3 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of October 15, 2024, VRB China has unpaid
registered capital in the amount of approximately $14,500,000, which amount fluctuates on a regular basis. This unpaid registered capital
relates to transactions that occurred prior to VRB Cayman acquiring VRB China, and the Parties intend to address the situation as set
forth in the Joint Venture Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#25130;&#33267;
</FONT>2024 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;</FONT> 10 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26376;
</FONT>15 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26085;&#65292;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#30340;&#26410;&#32564;&#27880;&#20876;&#36164;&#26412;&#32422;&#20026;
</FONT>14,500,000 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#20803;&#65292;&#35813;&#37329;&#39069;&#23450;&#26399;&#27874;&#21160;&#12290;&#35813;&#26410;&#32564;&#27880;&#20876;&#36164;&#26412;&#19982;
</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#25910;&#36141;</FONT> VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#20043;&#21069;&#21457;&#29983;&#30340;&#20132;&#26131;&#26377;&#20851;&#65292;&#21452;&#26041;&#25171;&#31639;&#25353;&#29031;&#21512;&#36164;&#21327;&#35758;&#30340;&#35268;&#23450;&#22788;&#29702;&#35813;&#24773;&#20917;&#12290;</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECTION 3.4</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#31532;
</B></FONT><B>3.4 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">VRB China has the following, direct or indirect, wholly-owned subsidiaries
(all of which are companies registered under the PRC):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">VRB Energy Operations (Beijing) Co. Ltd. (&ldquo;Beijing VRB&rdquo;)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">VRB Energy Operations (Hubei) Co. Ltd. (&ldquo;Hubei VRB&rdquo;)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">VRB Shanxi New Energy Co. Ltd.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">VRB Shanxi New Materials Co. Ltd.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">VRB China also owns 49% of the following subsidiary (a company registered
under the PRC):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Hebei Big River Energy Storage Co. Ltd.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#25317;&#26377;&#20197;&#19979;&#30452;&#25509;&#25110;&#38388;&#25509;&#20840;&#36164;&#23376;&#20844;&#21496;&#65288;&#22343;&#20026;&#22312;&#20013;&#22269;&#27880;&#20876;&#30340;&#20844;&#21496;&#65289;&#65306;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#21271;&#20140;&#26222;&#33021;&#19990;&#32426;&#31185;&#25216;&#26377;&#38480;&#20844;&#21496;&#65288;&ldquo;&#21271;&#20140;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&rdquo;&#65289;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#28246;&#21271;&#26222;&#33021;&#19990;&#32426;&#26032;&#33021;&#28304;&#31185;&#25216;&#26377;&#38480;&#20844;&#21496;&#65288;&ldquo;&#28246;&#21271;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&rdquo;&#65289;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#26222;&#33021;&#19990;&#32426;&#65288;&#23665;&#35199;&#65289;&#26032;&#33021;&#28304;&#26377;&#38480;&#20844;&#21496;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#26222;&#33021;&#19990;&#32426;&#65288;&#23665;&#35199;&#65289;&#26032;&#26448;&#26009;&#26377;&#38480;&#20844;&#21496;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#21516;&#26102;&#25345;&#26377;&#20197;&#19979;&#23376;&#20844;&#21496;</FONT>49%<FONT STYLE="font-family: Times New Roman, Times, Serif">&#30340;&#25152;&#26377;&#26435;&#65288;&#19968;&#23478;&#22312;&#20013;&#22269;&#27880;&#20876;&#30340;&#20844;&#21496;&#65289;&#65306;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#27827;&#21271;&#22823;&#27827;&#20648;&#33021;&#31185;&#25216;&#26377;&#38480;&#20844;&#21496;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECTION 3.7</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#31532;
</B></FONT><B>3.7 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Trade Secret Infringement Case</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&#20405;&#29359;&#21830;&#19994;&#31192;&#23494;&#26696;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In this case, the plaintiffs are Beijing VRB
and Hubei VRB, while the 8 defendants include Green Vanacium and the following 7 individuals who were former employees of Beijing VRB:
Huang Mianyan, Hu Bo, Zhang Chen, Zhang Zhanzhan, Ma Yitao, Liu Xuedong, and Suo Yangang. The case was filed in November 2023 with the
Beijing High Court. VRB is seeking an injunction to stop the defendants from infringing on the former employer&rsquo;s trade secrets
and has claimed damages in the amount of RMB 200 million. The dispute involves 12 trade secrets, including the stack structure, sealing
design, test stack, and energy storage system. As of the Execution Date, the second instance trial regarding jurisdictional challenge
by defendants has concluded in the plaintiffs&rsquo; favor. The case will proceed to trial in the Beijing High Court. Litigation counsel
for VRB China anticipates several rounds of hearings, and the first instance judgment is expected to be issued by Beijing High Court
before October 2025.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#35813;&#26696;&#30340;&#21407;&#21578;&#26159;&#21271;&#20140;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21644;&#28246;&#21271;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65292;&#34987;&#21578;&#26377;
</FONT>8 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#20154;&#65292;&#21253;&#25324;</FONT>Green Vanacium<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21644;&#20197;&#19979;
</FONT>7 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#21517;&#26366;&#26159;&#21271;&#20140;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21592;&#24037;&#30340;&#20010;&#20154;&#65306;</FONT>Huang
Mianyan, Hu Bo, Zhang Chen, Zhang Zhanzhan, Ma Yitao, Liu Xuedong, <FONT STYLE="font-family: Times New Roman, Times, Serif">&#21644;</FONT>Suo
Yangang<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12290;&#27492;&#26696;&#20110;</FONT> 2023 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;
</FONT>11 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26376;&#25552;&#20132;&#21271;&#20140;&#39640;&#32423;&#27861;&#38498;&#12290;</FONT>VRB
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#35201;&#27714;&#27861;&#38498;&#19979;&#36798;&#31105;&#20196;&#65292;&#21046;&#27490;&#34987;&#21578;&#20405;&#29359;&#21069;&#38599;&#20027;&#30340;&#21830;&#19994;&#31192;&#23494;&#65292;&#24182;&#32034;&#36180;
</FONT>2 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#20159;&#20803;&#20154;&#27665;&#24065;&#12290;&#35813;&#32416;&#32439;&#28041;&#21450;
</FONT>12 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#39033;&#21830;&#19994;&#31192;&#23494;&#65292;&#21253;&#25324;&#22534;&#26632;&#32467;&#26500;&#12289;&#23494;&#23553;&#35774;&#35745;&#12289;&#27979;&#35797;&#22534;&#26632;&#21644;&#20648;&#33021;&#31995;&#32479;&#12290;&#25130;&#33267;&#31614;&#32626;&#26085;&#65292;&#20851;&#20110;&#34987;&#21578;&#25552;&#20986;&#30340;&#31649;&#36758;&#26435;&#24322;&#35758;&#30340;&#20108;&#23457;&#24237;&#23457;&#24050;&#32463;&#32467;&#26463;&#65292;&#21407;&#21578;&#32988;&#35785;&#12290;
 &#35813;&#26696;&#23558;&#22312;&#21271;&#20140;&#39640;&#32423;&#27861;&#38498;&#24320;&#24237;&#23457;&#29702;&#12290;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#30340;&#35785;&#35772;&#24459;&#24072;&#39044;&#35745;&#23558;&#36827;&#34892;&#22810;&#36718;&#21548;&#35777;&#65292;&#39044;&#35745;&#21271;&#20140;&#39640;&#38498;&#23558;&#20110;
</FONT>2025 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;</FONT> 10 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26376;&#21069;&#20570;&#20986;&#19968;&#23457;&#21028;&#20915;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Litigation for Breach of Fiduciary Duties</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&#36829;&#21453;&#20449;&#25176;&#20041;&#21153;&#30340;&#35785;&#35772;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Beijing VRB filed a lawsuit in Beijing Tongzhou
District Court against the individuals Huang Mianyan, Hu Bo and Ma Yitao for breach of fiduciary duties on April 29, 2024, and against
Green Vanadium for damaging the company&rsquo;s interests, demanding damages in the amount of RMB 30 million. Beijing VRB has successfully
frozen the defendant&rsquo;s property. This has put great pressure on the defendants. They have since raised objections to such property
preservation measures. Beijing VRB will deal with it by preparing effective counter arguments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For the merit of the case, Beijing Tongzhou District
Court held the first pre-trial conference on September 25, 2024, where all parties presented their claims and defenses, with evidence
being submitted and cross-examined. The Court has scheduled the second pre-trial conference for November 7, 2024, during which the parties
will continue submitting and cross-examining supplemental evidence. As the factual matrix of this case is highly complex and intertwined
with the trade secret infringement case before the Beijing High Court, the date of trial and first-instance judgment cannot yet be estimated
and will depend on the outcome of the second pre-trial conference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#21271;&#20140;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20110;</FONT>2024<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;</FONT>4<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26376;</FONT>29<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26085;&#21521;&#21271;&#20140;&#24066;&#36890;&#24030;&#21306;&#27861;&#38498;&#36215;&#35785;&#20010;&#20154;</FONT>Huang
Mianyan, Hu Bo <FONT STYLE="font-family: Times New Roman, Times, Serif">&#21644;</FONT>Ma Yitao<FONT STYLE="font-family: Times New Roman, Times, Serif">&#36829;&#21453;&#20449;&#25176;&#20041;&#21153;&#65292;&#36215;&#35785;</FONT>Green
Vanadium<FONT STYLE="font-family: Times New Roman, Times, Serif">&#25439;&#23475;&#20844;&#21496;&#21033;&#30410;&#65292;&#35201;&#27714;&#36180;&#20607;</FONT>3000<FONT STYLE="font-family: Times New Roman, Times, Serif">&#19975;&#20803;&#12290;&#21271;&#20140;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24050;&#25104;&#21151;&#20923;&#32467;&#34987;&#21578;&#30340;&#36130;&#20135;&#12290;&#36825;&#32473;&#34987;&#21578;&#24102;&#26469;&#20102;&#24040;&#22823;&#30340;&#21387;&#21147;&#12290;&#27492;&#21518;&#65292;&#20182;&#20204;&#23545;&#36825;&#20123;&#36130;&#20135;&#20445;&#25252;&#25514;&#26045;&#25552;&#20986;&#20102;&#21453;&#23545;&#24847;&#35265;&#12290;&#21271;&#20140;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#23558;&#36890;&#36807;&#20934;&#22791;&#26377;&#25928;&#30340;&#21453;&#39539;&#26469;&#24212;&#23545;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#23454;&#20307;&#26696;&#24773;&#26159;&#65292;&#21271;&#20140;&#24066;&#36890;&#24030;&#21306;&#27861;&#38498;&#20110;</FONT>2024<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;</FONT>9<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26376;</FONT>25<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26085;&#20030;&#34892;&#20102;&#31532;&#19968;&#27425;&#24237;&#21069;&#20250;&#35758;&#65292;&#21508;&#26041;&#38472;&#36848;&#20102;&#21508;&#33258;&#30340;&#20027;&#24352;&#21644;&#25239;&#36777;&#65292;&#24182;&#25552;&#20132;&#20102;&#35777;&#25454;&#36827;&#34892;&#20102;&#36136;&#35777;&#12290;&#27861;&#38498;&#24050;&#23450;&#20110;</FONT>2024<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;</FONT>11<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26376;</FONT>7<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26085;&#20030;&#34892;&#31532;&#20108;&#27425;&#23457;&#21069;&#20250;&#35758;&#65292;&#22312;&#27492;&#26399;&#38388;&#65292;&#21508;&#26041;&#23558;&#32487;&#32493;&#25552;&#20132;&#21644;&#30424;&#38382;&#34917;&#20805;&#35777;&#25454;&#12290;&#30001;&#20110;&#26412;&#26696;&#30340;&#20107;&#23454;&#30697;&#38453;&#39640;&#24230;&#22797;&#26434;&#65292;&#19982;&#21271;&#20140;&#39640;&#31561;&#27861;&#38498;&#23457;&#29702;&#30340;&#20405;&#29359;&#21830;&#19994;&#31192;&#23494;&#26696;&#20214;&#20132;&#32455;&#22312;&#19968;&#36215;&#65292;&#23457;&#21028;&#21644;&#19968;&#23457;&#21028;&#20915;&#30340;&#26085;&#26399;&#23578;&#26080;&#27861;&#20272;&#35745;&#65292;&#23558;&#21462;&#20915;&#20110;&#31532;&#20108;&#27425;&#23457;&#21069;&#20250;&#35758;&#30340;&#32467;&#26524;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Patent Infringement Litigation</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&#19987;&#21033;&#20405;&#26435;&#35785;&#35772;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This case is currently in the preparatory stage
and has not yet been filed. The Beijing Intellectual Property Court is the court with competent jurisdiction. The plaintiffs are expected
to be Beijing VRB and Hubei VRB, with Green Vanadium as the defendant. VRB China plans to initiate two lawsuits based on two utility
model patents related to the stack structure. The litigation documents are being prepared, and litigation counsel expects to file the
cases with the Beijing Intellectual Property Court in October 2024. In both lawsuits, VRB China intends to seek an injunction to stop
the defendants from infringing, plus RMB 20 million in damages from Green Vanadium.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#35813;&#26696;&#20214;&#30446;&#21069;&#22788;&#20110;&#31609;&#22791;&#38454;&#27573;&#65292;&#23578;&#26410;&#31435;&#26696;&#12290;&#21271;&#20140;&#30693;&#35782;&#20135;&#26435;&#27861;&#38498;&#26159;&#20855;&#26377;&#31649;&#36758;&#26435;&#30340;&#27861;&#38498;&#12290;&#21407;&#21578;&#39044;&#35745;&#20026;&#21271;&#20140;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21644;&#28246;&#21271;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65292;</FONT>Green
Vanadium<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20026;&#34987;&#21578;&#12290;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#35745;&#21010;&#26681;&#25454;&#19982;&#22534;&#21472;&#32467;&#26500;&#30456;&#20851;&#30340;&#20004;&#39033;&#23454;&#29992;&#26032;&#22411;&#19987;&#21033;&#25552;&#36215;&#20004;&#36215;&#35785;&#35772;&#12290;&#35785;&#35772;&#25991;&#20214;&#27491;&#22312;&#20934;&#22791;&#20013;&#65292;&#35785;&#35772;&#24459;&#24072;&#39044;&#35745;&#23558;&#20110;</FONT>2024<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;</FONT>10<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26376;&#21521;&#21271;&#20140;&#30693;&#35782;&#20135;&#26435;&#27861;&#38498;&#25552;&#36215;&#35785;&#35772;&#12290;&#22312;&#36825;&#20004;&#36215;&#35785;&#35772;&#20013;&#65292;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#37117;&#25171;&#31639;&#23547;&#27714;&#31105;&#20196;&#65292;&#20197;&#38459;&#27490;&#34987;&#21578;&#20405;&#26435;&#65292;&#24182;&#35201;&#27714;</FONT>Green
Vanadium<FONT STYLE="font-family: Times New Roman, Times, Serif">&#36180;&#20607;</FONT>2000<FONT STYLE="font-family: Times New Roman, Times, Serif">&#19975;&#20803;&#20154;&#27665;&#24065;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECTION 3.8.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>VRB China Registered Patents</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Owned by VRB China<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>1</SUP></FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#31532;
</B></FONT><B>3.8.1 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#27880;&#20876;&#19987;&#21033;</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#30001;</B></FONT><B>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#25152;&#26377;<FONT STYLE="font-size: 10pt"><SUP>2</SUP></FONT></FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: #D9E2F3">
    <TD STYLE="border: Black 1pt solid; width: 8%; padding: 1.45pt"><FONT STYLE="font-size: 10pt"><B>Country</B></FONT></TD>
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    <TD STYLE="border-top: Black 1pt solid; width: 17%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt"><B>Application
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    <TD STYLE="border-top: Black 1pt solid; width: 13%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt"><B>Date
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    <TD STYLE="border-top: Black 1pt solid; width: 16%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt"><B>Patent
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    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">ZL201720519337.2</FONT></TD>
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    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">2017205151079</FONT></TD>
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    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">ZL201720515107.9</FONT></TD>
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  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
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    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">2017205154715</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">May 10,
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    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">ZL201720515471.5</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
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  <TR STYLE="vertical-align: top">
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    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">May 10,
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    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">ZL201720515034.3</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
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  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">A SEALING
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    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Jan 22,
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    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
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  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">A POWER
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    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">2018201075070</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Jan 22,
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    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">ZL201820107507.0</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
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  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">A POWER
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    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">2018100592977</FONT></TD>
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    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
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  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">A SEALING
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    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Jan 22,
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    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
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    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
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    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">2018100651744</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Jan 23,
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    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
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  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
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    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">2018201145995</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Jan 23,
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    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
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    Operations (Beijing) Co., Ltd.</FONT></TD></TR>
  </TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;&nbsp;</P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0; margin-bottom: 0; width: 25%"><DIV STYLE="border-top: Black 1pt solid; font-size: 1pt">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>1</SUP></FONT>To
the extent permissible, VRB China retains the right to file applications in Taiwan claiming priority to any of the Chinese patents/applications
listed in this <U>Section 3.8.1</U> of the Disclosure Schedule.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>2
</SUP></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#22312;&#20801;&#35768;&#30340;&#33539;&#22260;&#20869;&#65292;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#20445;&#30041;&#22312;&#21488;&#28286;&#25552;&#20986;&#30003;&#35831;&#30340;&#26435;&#21033;&#65292;&#35201;&#27714;&#23545;&#25259;&#38706;&#38468;&#34920;&#31532;
</FONT>3.8.1 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#20013;&#21015;&#20986;&#30340;&#20219;&#20309;&#20013;&#22269;&#19987;&#21033;</FONT>/<FONT STYLE="font-family: Times New Roman, Times, Serif">&#30003;&#35831;&#20139;&#26377;&#20248;&#20808;&#26435;&#12290;</FONT></P>





<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: #D9E2F3">
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt; width: 8%"><FONT STYLE="font-size: 10pt"><B>Country</B></FONT></TD>
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    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; width: 17%"><FONT STYLE="font-size: 10pt"><B>Application
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    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; width: 13%"><FONT STYLE="font-size: 10pt"><B>Date
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    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; width: 16%"><FONT STYLE="font-size: 10pt"><B>Patent
    No.</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; width: 15%"><FONT STYLE="font-size: 10pt"><B>Owner</B></FONT></TD></TR>

<TR STYLE="vertical-align: top">
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  <TR STYLE="vertical-align: top">
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  <TR STYLE="vertical-align: top">
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    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Jan 23,
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    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
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</TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: #D9E2F3">
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</TABLE>

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<TR STYLE="vertical-align: top; background-color: #D9E2F3">
    <TD STYLE="border: Black 1pt solid; padding: 1.45pt; width: 8%"><FONT STYLE="font-size: 10pt"><B>Country</B></FONT></TD>
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  </TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: #D9E2F3">
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  </TABLE>

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<TR STYLE="vertical-align: top; background-color: #D9E2F3">
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt; width: 8%"><FONT STYLE="font-size: 10pt"><B>Country</B></FONT></TD>
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    No.</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; width: 13%"><FONT STYLE="font-size: 10pt"><B>Date
    Filed</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; width: 16%"><FONT STYLE="font-size: 10pt"><B>Patent
    No.</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; width: 15%"><FONT STYLE="font-size: 10pt"><B>Owner</B></FONT></TD></TR>

<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid; width: 8%; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
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    <TD STYLE="border-top: Black 1pt solid; width: 16%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">ZL202311669071.6</FONT></TD>
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  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">CONDUCTIVE
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    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">2024100953082</FONT></TD>
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    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
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  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">BIPOLAR
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    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
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  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">A Flow Battery
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    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Mar 12,
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    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Operations (Beijing) Co., Ltd.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Japan</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">POLYMER
    BLEND PROTON EXCHANGE MEMBRANE AND PREPARATION METHOD THEREOF</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">2011543962</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Dec 4, 2009</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">5599819</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Operations (Beijing) Co., Ltd.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>VRB China Registered Trademarks</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Owned by VRB China</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#27880;&#20876;&#21830;&#26631;</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#25152;&#26377;</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: #D9E2F3">
    <TD STYLE="border: Black 1pt solid; padding: 1.45pt; width: 11%"><FONT STYLE="font-size: 10pt"><B>Country</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt; width: 11%"><FONT STYLE="font-size: 10pt"><B>Mark</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt; width: 10%"><FONT STYLE="font-size: 10pt"><B>Status</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt; width: 15%"><FONT STYLE="font-size: 10pt"><B>Application
    No.</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt; width: 16%"><FONT STYLE="font-size: 10pt"><B>Registration
    No.</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt; width: 7%"><FONT STYLE="font-size: 10pt"><B>Class</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt; width: 30%"><FONT STYLE="font-size: 10pt"><B>Owner</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Japan</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRBFLEX</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Pending</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">A08T252</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">2024-85679</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Operations (Beijing) Co., Ltd.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Japan</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRBPOD</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Pending</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">A08T253</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">2024-85680</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Operations (Beijing) Co., Ltd.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Taiwan</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRBFLEX</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Pending</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">113053761</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB ENERGY
    OPERATIONS (BEIJING) CO., LTD.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Taiwan</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRBPOD</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Pending</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">113053762</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB ENERGY
    OPERATIONS (BEIJING) CO., LTD.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Thailand</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRBFLEX</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Pending</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">240137472</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#3623;&#3637;&#3629;&#3634;&#3619;&#3660;&#3610;&#3637;
    &#3648;&#3629;&#3648;&#3609;&#3629;&#3619;&#3660;&#3592;&#3637;&#3657; &#3650;&#3629;&#3648;&#3611;&#3629;&#3648;&#3619;&#3594;&#3633;&#3656;&#3609;&#3626;&#3660;</FONT>(<FONT STYLE="font-family: Times New Roman, Times, Serif">&#3648;&#3611;&#3656;&#3618;&#3592;&#3636;&#3591;</FONT>)
    <FONT STYLE="font-family: Times New Roman, Times, Serif">&#3650;&#3588;</FONT>. <FONT STYLE="font-family: Times New Roman, Times, Serif">&#3649;&#3629;&#3621;&#3607;&#3637;&#3604;&#3637;</FONT>.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(computer-generated English translation: VRB Energy Operations
    (Beijing) Co., Ltd.)</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Thailand</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRBPOD</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Pending</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">240137478</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#3623;&#3637;&#3629;&#3634;&#3619;&#3660;&#3610;&#3637;
    &#3648;&#3629;&#3648;&#3609;&#3629;&#3619;&#3660;&#3592;&#3637;&#3657; &#3650;&#3629;&#3648;&#3611;&#3629;&#3648;&#3619;&#3594;&#3633;&#3656;&#3609;&#3626;&#3660;</FONT>(<FONT STYLE="font-family: Times New Roman, Times, Serif">&#3648;&#3611;&#3656;&#3618;&#3592;&#3636;&#3591;</FONT>)
    <FONT STYLE="font-family: Times New Roman, Times, Serif">&#3650;&#3588;</FONT>. <FONT STYLE="font-family: Times New Roman, Times, Serif">&#3649;&#3629;&#3621;&#3607;&#3637;&#3604;&#3637;</FONT>.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(computer-generated English translation: VRB Energy Operations
    (Beijing) Co., Ltd.)</P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECTION 3.8.2</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>VRB Cayman Registered Patents </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>To Be Assigned To VRB China</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#31532;
</B></FONT><B>3.8.2 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#27880;&#20876;&#19987;&#21033;</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#23558;&#36716;&#35753;&#32473;</B></FONT><B>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: #D9E2F3">
    <TD STYLE="border: Black 1pt solid; width: 14%; padding: 1.45pt"><FONT STYLE="font-size: 10pt"><B>Country</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; width: 39%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt"><B>Title</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; width: 14%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt"><B>Application
    No.</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; width: 11%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt"><B>Date
    Filed</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; width: 11%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt"><B>Patent
    No.</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; width: 11%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt"><B>Owner</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">India</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">ELECTROCHEMICAL
    BATTERY INCORPORATING INTERNAL MANIFOLDS</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">759DELNP2010</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Sep 25,
    2007</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">303399</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">India</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">ELECTROCHEMICAL
    BATTERY INCORPORATING INTERNAL MANIFOLDS</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">201818034734</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Sep 25,
    2007</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">411268</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Republic
    of Korea</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">SYSTEMS
    AND METHODS FOR ASSEMBLING REDOX FLOW BATTERY REACTOR CELLS</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">1020147008704</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Sep 14,
    2012</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">10-2036388</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>VRB Cayman Registered Trademarks </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>To Be Assigned To VRB China</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#27880;&#20876;&#21830;&#26631;</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#23558;&#36716;&#35753;&#32473;</B></FONT><B>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: #D9E2F3">
    <TD STYLE="border: Black 1pt solid; white-space: nowrap; width: 12%; padding: 1.45pt"><FONT STYLE="font-size: 10pt"><B>Country</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; width: 21%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt"><B>Mark</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; width: 11%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt"><B>Status</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; width: 17%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt"><B>Application
    No.</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; width: 17%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt"><B>Registration
    No.</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; width: 7%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt"><B>Class</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; width: 15%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt"><B>Owner</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Heartbeat Logo</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><IMG SRC="tm2426116d1_ex10-1img01.jpg" ALT="Miscellaneous Design" STYLE="height: 29px; width: 48px"></FONT></P></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">4718865</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">4718865</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    Energy Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB POWER</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">4718867</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">4718867</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    Energy Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB KW-ESS</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">G1058676</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(IR No. 1058676)</P></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">G1058676</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(IR No. 1058676)</P></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    Energy Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB-ESS</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">4718866</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">4718866</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    Energy Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB MW-ESS</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">G1052723</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(IR No. 1052723)</P></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">G1052723</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(IR No. 1052723)</P></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    Energy Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">VRB Design&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><IMG SRC="tm2426116d1_ex10-1img02.jpg" ALT="" STYLE="height: 30px; width: 36px"></FONT></P></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">42722019</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">42722019</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    ENERGY INC.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">VRB Design&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><IMG SRC="tm2426116d1_ex10-1img35.jpg" ALT="" STYLE="height: 43px; width: 51px"></FONT></P></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">40209506</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">40209506</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">37</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    ENERGY INC.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">VRB ENERGY in Chinese Characters&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><IMG SRC="tm2426116d1_ex10-1img03.jpg" ALT="" STYLE="height: 75px; width: 90px"></FONT></P></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">39701471</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">39701471</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">6</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    ENERGY INC.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">VRB ENERGY (and Chinese Characters and Design)&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><IMG SRC="tm2426116d1_ex10-1img04.jpg" ALT="" STYLE="height: 29px; width: 87px"></FONT></P></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">36719819</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">36719819</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">6</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    ENERGY INC.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">VRB ENERGY VANADIUM REDOX BATTERY SOLUTIONS (and Chinese Characters
    and Design)&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><IMG SRC="tm2426116d1_ex10-1img05.jpg" ALT="" STYLE="height: 58px; width: 94px"></FONT>&nbsp;</P></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">33603164</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">33603164</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">6</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    ENERGY INC.</FONT></TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt"></P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: #D9E2F3">
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt; white-space: nowrap; width: 12%"><FONT STYLE="font-size: 10pt"><B>Country</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; width: 21%"><FONT STYLE="font-size: 10pt"><B>Mark</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; white-space: nowrap; width: 11%"><FONT STYLE="font-size: 10pt"><B>Status</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; white-space: nowrap; width: 17%"><FONT STYLE="font-size: 10pt"><B>Application
    No.</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; white-space: nowrap; width: 17%"><FONT STYLE="font-size: 10pt"><B>Registration
    No.</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; white-space: nowrap; width: 7%"><FONT STYLE="font-size: 10pt"><B>Class</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; white-space: nowrap; width: 15%"><FONT STYLE="font-size: 10pt"><B>Owner</B></FONT></TD></TR>

<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid; white-space: nowrap; width: 12%; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; width: 21%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">VRB ENERGY VANADIUM REDOX BATTERY SOLUTIONS (and Chinese Characters
    and Design)&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2426116d1_ex10-1img05.jpg" ALT=""></P></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; width: 11%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; width: 17%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">33603167</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; width: 17%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">33603167</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; width: 7%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">11</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; width: 15%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    ENERGY INC.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">VRB ENERGY VANADIUM REDOX BATTERY SOLUTIONS (and Chinese Characters
    and Design)</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2426116d1_ex10-1img05.jpg" ALT=""></P></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">33603169</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">33603169</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">37</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    ENERGY INC.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">VRB ENERGY VANADIUM REDOX BATTERY SOLUTIONS (and Chinese Characters
    and Design)&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2426116d1_ex10-1img05.jpg" ALT=""></P></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">33603168</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">33603168</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">17</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    ENERGY INC.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">VRB ENERGY VANADIUM REDOX BATTERY SOLUTIONS (and Chinese Characters
    and Design)&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2426116d1_ex10-1img05.jpg" ALT=""></P></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">33603162</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">33603162</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">1</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    ENERGY INC.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">VRB ENERGY VANADIUM REDOX BATTERY SOLUTIONS (and Chinese Characters
    and Design)&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2426116d1_ex10-1img05.jpg" ALT=""></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">33603165</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">33603165</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">7</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    ENERGY INC.</FONT></TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: #D9E2F3">
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt; white-space: nowrap; width: 12%"><FONT STYLE="font-size: 10pt"><B>Country</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; width: 21%"><FONT STYLE="font-size: 10pt"><B>Mark</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; white-space: nowrap; width: 11%"><FONT STYLE="font-size: 10pt"><B>Status</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; white-space: nowrap; width: 17%"><FONT STYLE="font-size: 10pt"><B>Application
    No.</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; white-space: nowrap; width: 17%"><FONT STYLE="font-size: 10pt"><B>Registration
    No.</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; white-space: nowrap; width: 7%"><FONT STYLE="font-size: 10pt"><B>Class</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; white-space: nowrap; width: 15%"><FONT STYLE="font-size: 10pt"><B>Owner</B></FONT></TD></TR>

<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid; white-space: nowrap; width: 12%; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; width: 21%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">VRB ENERGY VANADIUM REDOX BATTERY SOLUTIONS (and Chinese Characters
    and Design)&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2426116d1_ex10-1img05.jpg" ALT=""></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; width: 11%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; width: 17%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">33603163</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; width: 17%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">33603163</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; width: 7%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">4</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; width: 15%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    ENERGY INC.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">VRB ENERGY VANADIUM REDOX BATTERY SOLUTIONS (and Design)&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><IMG SRC="tm2426116d1_ex10-1img06.jpg" ALT="" STYLE="height: 41px; width: 94px"></FONT></P></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">40209508</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">40209508</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">7</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    ENERGY INC.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">VRB ENERGY VANADIUM REDOX BATTERY SOLUTIONS (and Design)&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><IMG SRC="tm2426116d1_ex10-1img06.jpg" ALT="" STYLE="height: 41px; width: 94px"></FONT></P></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">40209509</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">40209509</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">1</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    ENERGY INC.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">VRB ENERGY VANADIUM REDOX BATTERY SOLUTIONS&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><IMG SRC="tm2426116d1_ex10-1img07.jpg" ALT="" STYLE="height: 69px; width: 82px"></FONT></P></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">40209505</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">40209505</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">37</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    ENERGY INC.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">VRB ENERGY</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><IMG SRC="tm2426116d1_ex10-1img08.jpg" ALT="" STYLE="height: 63px; width: 76px"></FONT></P></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">42696955</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">42696955</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    ENERGY INC.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">VRB ENERGY &amp; Design&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2426116d1_ex10-1img28.jpg" ALT=""></P></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">36714844</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">36714844</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">6</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    ENERGY INC.</FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: #D9E2F3">
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt; white-space: nowrap; width: 12%"><FONT STYLE="font-size: 10pt"><B>Country</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; width: 21%"><FONT STYLE="font-size: 10pt"><B>Mark</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; white-space: nowrap; width: 11%"><FONT STYLE="font-size: 10pt"><B>Status</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; white-space: nowrap; width: 17%"><FONT STYLE="font-size: 10pt"><B>Application
    No.</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; white-space: nowrap; width: 17%"><FONT STYLE="font-size: 10pt"><B>Registration
    No.</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; white-space: nowrap; width: 7%"><FONT STYLE="font-size: 10pt"><B>Class</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; white-space: nowrap; width: 15%"><FONT STYLE="font-size: 10pt"><B>Owner</B></FONT></TD></TR>

<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid; white-space: nowrap; width: 12%; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; width: 21%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">VRB ENERGY &amp; Design&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2426116d1_ex10-1img28.jpg" ALT=""></P></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; width: 11%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; width: 17%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">36518057</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; width: 17%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">36518057</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; width: 7%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; width: 15%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    ENERGY INC. (Cayman Island)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><IMG SRC="tm2426116d1_ex10-1img42.jpg" ALT=""></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Published
    on Jun 13, 2024</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">77735432</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">1</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    ENERGY INC.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><IMG SRC="tm2426116d1_ex10-1img42.jpg" ALT=""></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Published
    on Jun 13, 2024</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">77742632</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">6</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    ENERGY INC.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><IMG SRC="tm2426116d1_ex10-1img42.jpg" ALT=""></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Published
    on Jun 13, 2024</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">77754127</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">17</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    ENERGY INC.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><IMG SRC="tm2426116d1_ex10-1img42.jpg" ALT=""></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Published
    on Jun 13, 2024</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">77746229</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">7</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    ENERGY INC.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><IMG SRC="tm2426116d1_ex10-1img42.jpg" ALT=""></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Published
    on Jun 13, 2024</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">77736346</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    ENERGY INC.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><IMG SRC="tm2426116d1_ex10-1img42.jpg" ALT=""></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Published
    on Jun 13, 2024</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">77746250</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">11</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    ENERGY INC.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><IMG SRC="tm2426116d1_ex10-1img42.jpg" ALT=""></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Published
    on Jun 13, 2024</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">77760888</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">37</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    ENERGY INC.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt"><IMG SRC="tm2426116d1_ex10-1img18.jpg" ALT="" STYLE="height: 31px; width: 88px"></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Published
    on Jun 13, 2024</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">77745766</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">4</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    ENERGY INC.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><IMG SRC="tm2426116d1_ex10-1img18.jpg" ALT=""></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Published
    on Jun 13, 2024</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">77754916</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">1</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    ENERGY INC.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><IMG SRC="tm2426116d1_ex10-1img18.jpg" ALT=""></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Published
    on Jun 13, 2024</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">77752231</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">6</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    ENERGY INC.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><IMG SRC="tm2426116d1_ex10-1img18.jpg" ALT=""></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Published
    on Jun 13, 2024</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">77731194</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">7</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    ENERGY INC.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><IMG SRC="tm2426116d1_ex10-1img18.jpg" ALT=""></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Published
    on Jun 13, 2024</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">77731278</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    ENERGY INC.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><IMG SRC="tm2426116d1_ex10-1img18.jpg" ALT=""></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Published
    on Jun 13, 2024</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">77755412</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">11</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    ENERGY INC.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><IMG SRC="tm2426116d1_ex10-1img18.jpg" ALT=""></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Published
    on Jun 13, 2024</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">77755271</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">17</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    ENERGY INC.</FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: #D9E2F3">
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt; width: 12%"><FONT STYLE="font-size: 10pt"><B>Country</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; width: 21%"><FONT STYLE="font-size: 10pt"><B>Mark</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; width: 11%"><FONT STYLE="font-size: 10pt"><B>Status</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; width: 17%"><FONT STYLE="font-size: 10pt"><B>Application
    No.</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; width: 17%"><FONT STYLE="font-size: 10pt"><B>Registration
    No.</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; width: 7%"><FONT STYLE="font-size: 10pt"><B>Class</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; width: 15%"><FONT STYLE="font-size: 10pt"><B>Owner</B></FONT></TD></TR>

<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><IMG SRC="tm2426116d1_ex10-1img18.jpg" ALT=""></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Published
    on Jun 13, 2024</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">77740687</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">37</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    ENERGY INC.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><IMG SRC="tm2426116d1_ex10-1img43.jpg" ALT=""></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Published
    on Jun 13, 2024</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">77752937</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">4</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB ENERGY
    INC.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><IMG SRC="tm2426116d1_ex10-1img43.jpg" ALT=""></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Published
    on Jun 13, 2024</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">77750062</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">1</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB ENERGY
    INC.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><IMG SRC="tm2426116d1_ex10-1img43.jpg" ALT=""></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Published
    on Jun 13, 2024</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">77750265</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">6</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB ENERGY
    INC.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><IMG SRC="tm2426116d1_ex10-1img43.jpg" ALT=""></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Published
    on Jun 13, 2024</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">77757347</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">7</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB ENERGY
    INC.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><IMG SRC="tm2426116d1_ex10-1img43.jpg" ALT=""></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Published
    on Jun 13, 2024</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">77753371</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB ENERGY
    INC.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><IMG SRC="tm2426116d1_ex10-1img43.jpg" ALT=""></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Published
    on Jun 13, 2024</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">77757241</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">17</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB ENERGY
    INC.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><IMG SRC="tm2426116d1_ex10-1img43.jpg" ALT=""></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Published
    on Jun 13, 2024</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">77761337</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">11</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB ENERGY
    INC.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><IMG SRC="tm2426116d1_ex10-1img43.jpg" ALT=""></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Published
    on Jun 13, 2024</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">77753435</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">37</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB ENERGY
    INC.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt"><IMG SRC="tm2426116d1_ex10-1img27.jpg" ALT="" STYLE="height: 55px; width: 88px"></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Published
    on Jun 13, 2024</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">77736381</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">4</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB ENERGY
    INC.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><IMG SRC="tm2426116d1_ex10-1img27.jpg" ALT=""></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Published
    on Jun 13, 2024</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">77754971</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">1</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB ENERGY
    INC.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><IMG SRC="tm2426116d1_ex10-1img27.jpg" ALT=""></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Published
    on Jun 13, 2024</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">77760868</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">7</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB ENERGY
    INC.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><IMG SRC="tm2426116d1_ex10-1img27.jpg" ALT=""></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Published
    on Jun 13, 2024</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">77748572</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">6</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB ENERGY
    INC.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><IMG SRC="tm2426116d1_ex10-1img27.jpg" ALT=""></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Published
    on Jun 13, 2024</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">77747568</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB ENERGY
    INC.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><IMG SRC="tm2426116d1_ex10-1img27.jpg" ALT=""></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Published
    on Jun 13, 2024</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">77754994</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">11</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB ENERGY
    INC.</FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: #D9E2F3">
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt; width: 12%"><FONT STYLE="font-size: 10pt"><B>Country</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; width: 21%"><FONT STYLE="font-size: 10pt"><B>Mark</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; width: 11%"><FONT STYLE="font-size: 10pt"><B>Status</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; width: 17%"><FONT STYLE="font-size: 10pt"><B>Application
    No.</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; width: 17%"><FONT STYLE="font-size: 10pt"><B>Registration
    No.</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; width: 7%"><FONT STYLE="font-size: 10pt"><B>Class</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; width: 15%"><FONT STYLE="font-size: 10pt"><B>Owner</B></FONT></TD></TR>

<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid; padding: 1.45pt; width: 12%"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt; width: 21%"><IMG SRC="tm2426116d1_ex10-1img27.jpg" ALT=""></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt; width: 11%"><FONT STYLE="font-size: 10pt">Published
    on Jun 13, 2024</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt; width: 17%"><FONT STYLE="font-size: 10pt">77753421</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt; width: 17%">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt; width: 7%"><FONT STYLE="font-size: 10pt">17</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt; width: 15%"><FONT STYLE="font-size: 10pt">VRB
    ENERGY INC.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">China</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt"><IMG SRC="tm2426116d1_ex10-1img27.jpg" ALT=""></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Published
    on Jun 13, 2024</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">77740742</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">37</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB ENERGY
    INC.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">India</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">VRB ENERGY (and Design)</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><IMG SRC="tm2426116d1_ex10-1img28.jpg" ALT="" STYLE="height: 25px; width: 86px"></FONT></P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">4103374</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">4103374</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB ENERGY
    INC.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">India</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB MW-ESS</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">1971562</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">1971562</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB ENERGY
    INC.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">India</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">VRB ENERGY (and Chinese Characters Design)&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><IMG SRC="tm2426116d1_ex10-1img29.jpg" ALT="" STYLE="height: 58px; width: 86px"></FONT></P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">4103375</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">4103375</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB ENERGY
    INC.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">International
    Bureau (WIPO)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">VRB ENERGY &amp; Design</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2426116d1_ex10-1img28.jpg" ALT=""></P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">97361130</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1702772A</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(Thailand and Vietnam designations; child registration of IR No.
    1702772)</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">International
    Bureau (WIPO)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB KW-ESS</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">1058676</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1058676A</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(Korea and Kenya designations; child registration of IR No. 1058676)</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">International
    Bureau (WIPO)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB MW-ESS</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">1052723</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1052723</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(China designation only; entire IR)</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">International
    Bureau (WIPO)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB MW-ESS</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">1059221</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1059221</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(Kenya designation only; entire IR)</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Japan</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">VRB ENERGY &amp; Design&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2426116d1_ex10-1img28.jpg" ALT=""></P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">2019-031766</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">6156814</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&quot;VRB ENERGY INC. (UNKNOWN)</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#12502;&#12452;&#12450;&#12540;&#12523;&#12499;&#12540;&#12288;&#12456;&#12493;&#12523;&#12462;&#12540;&#12288;&#12452;&#12531;&#12467;&#12540;&#12509;&#12524;&#12452;&#12486;&#12483;&#12489;
    </FONT>&quot;</P></TD></TR>
  </TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: #D9E2F3">
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt; width: 12%"><FONT STYLE="font-size: 10pt"><B>Country</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; width: 21%"><FONT STYLE="font-size: 10pt"><B>Mark</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; width: 11%"><FONT STYLE="font-size: 10pt"><B>Status</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; width: 17%"><FONT STYLE="font-size: 10pt"><B>Application
    No.</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; width: 17%"><FONT STYLE="font-size: 10pt"><B>Registration
    No.</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; width: 7%"><FONT STYLE="font-size: 10pt"><B>Class</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; width: 15%"><FONT STYLE="font-size: 10pt"><B>Owner</B></FONT></TD></TR>

<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid; padding: 1.45pt; width: 12%"><FONT STYLE="font-size: 10pt">Japan</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt; width: 21%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">VRB ENERGY &amp; Design&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2426116d1_ex10-1img28.jpg" ALT=""></P></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt; width: 11%"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt; width: 17%"><FONT STYLE="font-size: 10pt">2019-031767</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt; width: 17%"><FONT STYLE="font-size: 10pt">6156815</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt; width: 7%"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt; width: 15%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&quot;VRB ENERGY INC. (UNKNOWN)</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#12502;&#12452;&#12450;&#12540;&#12523;&#12499;&#12540;&#12288;&#12456;&#12493;&#12523;&#12462;&#12540;&#12288;&#12452;&#12531;&#12467;&#12540;&#12509;&#12524;&#12452;&#12486;&#12483;&#12489;
    </FONT>&quot;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Republic
    of Korea</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt 1.45pt 12pt"><FONT STYLE="font-size: 10pt">VRB
    MW-ESS</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">40-2010-0035543</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">40-0892337-0000</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Republic
    of Korea</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB KW-ESS</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1058676</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(IR No. 1058676)</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1058676</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(IR No. 1058676)</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Thailand</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">VRB ENERGY &amp; Design</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2426116d1_ex10-1img28.jpg" ALT=""></P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Pending</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">230102499</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(IR No. 1702772)</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1702772</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(IR No. 1702772)</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Indonesia</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB MW-ESS</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">D002010025479</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">IDM000330544</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">VRB Energy Inc.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">JD Holding Inc.</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Vietnam</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">VRB ENERGY &amp; Design</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2426116d1_ex10-1img28.jpg" ALT=""></P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Abandoned</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1702772</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(IR No. 1702772)</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1702772</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(IR No. 1702772)</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">South
    Africa</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Heartbeat Logo</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><IMG SRC="tm2426116d1_ex10-1img34.jpg" ALT="Miscellaneous Design" STYLE="height: 29px; width: 48px"></FONT></P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Abandoned</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">200407710</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">200407710</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">South
    Africa</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">200407881</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">200407881</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">South
    Africa</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB KW-ESS</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">201026231</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">201026231</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">South
    Africa</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB MW-ESS</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">201010979</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">201010979</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">South
    Africa</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB-ESS</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">200407882</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">200407882</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Kenya</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB KW-ESS</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1058676</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(IR No. 1058676)</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1058676</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(IR No. 1058676)</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">VRB Energy Inc.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">JD Holding Inc.</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Kenya</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB MW-ESS</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1059221</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(IR No. 1059221)</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1059221</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(IR No. 1059221)</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">VRB Energy Inc.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">JD Holding Inc.</P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECTION 3.8.3</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>VRB Cayman Registered Patents</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Owned by VRB Cayman</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#31532;
</B></FONT><B>3.8.3 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#27880;&#20876;&#19987;&#21033;</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#30001;</B></FONT><B>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#25317;&#26377;</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: #D9E2F3">
    <TD STYLE="border: Black 1pt solid; width: 18%; padding: 1.45pt"><FONT STYLE="font-size: 10pt"><B>Country</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; width: 39%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt"><B>Title</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; width: 13%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt"><B>Application
    No.</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; width: 10%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt"><B>Date
    Filed</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; width: 10%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt"><B>Patent
    No.</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; width: 10%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt"><B>Owner</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">United
    States of America</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">SYSTEM AND
    METHOD FOR OPTIMIZING EFFICIENCY AND POWER OUTPUT FROM A VANADIUM REDOX BATTERY ENERGY STORAGE SYSTEM</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">11032280</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Jan 10,
    2005</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">8277964</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">United
    States of America</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">POWER GENERATION
    SYSTEM INCORPORATING A VANADIUM REDOX BATTERY AND A DIRECT CURRENT WIND TURBINE GENERATOR</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">11035922</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Jan 14,
    2005</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">7265456</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">United
    States of America</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VANADIUM
    REDOX BATTERY ENERGY STORAGE AND POWER GENERATING SYSTEM INCORPORATING AND OPTIMIZING DIESEL ENGINE GENERATORS</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">11035466</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Jan 14,
    2005</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">7353083</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">United
    States of America</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">METHOD FOR
    RETROFITTING WIND TURBINE FARMS</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">11048388</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Feb 1, 2005</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">7227275</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">United
    States of America</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">TELECOMMUNICATION
    SYSTEM INCORPORATING A VANADIUM REDOX BATTERY ENERGY STORAGE SYSTEM</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">11341770</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Jan 27,
    2006</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">7181183</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">United
    States of America</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">SYSTEM AND
    METHOD FOR A SELF-HEALING GRID USING DEMAND SIDE MANAGEMENT TECHNIQUES AND ENERGY STORAGE</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">11377034</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Mar 16,
    2006</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">7184903</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">United
    States of America</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">SYSTEM AND
    METHOD FOR A SELF-HEALING GRID USING DEMAND SIDE MANAGEMENT TECHNIQUES AND ENERGY STORAGE</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">11584897</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Oct 23,
    2006</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">7389189</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">United
    States of America</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">INHERENTLY
    SAFE REDOX FLOW BATTERY STORAGE SYSTEM</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">11716120</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Mar 9, 2007</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">7517608</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">United
    States of America</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VANADIUM
    REDOX BATTERY INCORPORATING MULTIPLE ELECTROLYTE RESERVOIRS</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">11728521</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Mar 26,
    2007</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">7740977</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">United
    States of America</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">ELECTROCHEMICAL
    BATTERY INCORPORATING INTERNAL MANIFOLDS</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">11893929</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Aug 17,
    2007</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">7687193</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">United
    States of America</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">ELECTROCHEMICAL
    BATTERY INCORPORATING INTERNAL MANIFOLDS</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">12197932</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Aug 25,
    2008</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">7682728</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">United
    States of America</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">INTEGRATED
    SYSTEM FOR ELECTROCHEMICAL ENERGY STORAGE SYSTEM</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">12820972</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Jun 22,
    2010</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">10651492</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">United
    States of America</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">SYSTEMS
    AND METHODS FOR REDOX FLOW BATTERY SCALABLE MODULAR REACTANT STORAGE</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">12975709</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Dec 22,
    2010</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">8709629</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: #D9E2F3">
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt; width: 18%"><FONT STYLE="font-size: 10pt"><B>Country</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; width: 39%"><FONT STYLE="font-size: 10pt"><B>Title</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; width: 13%"><FONT STYLE="font-size: 10pt"><B>Application
    No.</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; width: 10%"><FONT STYLE="font-size: 10pt"><B>Date
    Filed</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; width: 10%"><FONT STYLE="font-size: 10pt"><B>Patent
    No.</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; width: 10%"><FONT STYLE="font-size: 10pt"><B>Owner</B></FONT></TD></TR>

<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; width: 18%; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">United
    States of America</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; width: 39%; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">SYSTEMS
    AND METHODS FOR ASSEMBLING REDOX FLOW BATTERY REACTOR CELLS</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; width: 13%; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">13269362</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; width: 10%; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Oct
    7, 2011</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; width: 10%; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">10141594</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; width: 10%; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    Energy Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">United
    States of America</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VANADIUM
    REDOX BATTERY ENERGY STORAGE SYSTEM</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">13332002</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Dec 20,
    2011</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9853454</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">United
    States of America</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">SYSTEM AND
    METHOD FOR OPTIMIZING EFFICIENCY AND POWER OUTPUT FROM A VANADIUM REDOX BATTERY ENERGY STORAGE SYSTEM</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">13605771</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Sep 6, 2012</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9853306</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Mexico</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">TELECOMMUNICATION
    SYSTEM INCORPORATING A VANADIUM REDOX BATTERY ENERGY STORAGE SYSTEM</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">MXa2008009345</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Oct 24,
    2006</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">283056</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Mexico</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">SYSTEMS
    AND METHODS FOR ASSEMBLING REDOX FLOW BATTERY REACTOR CELLS</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">MXa2014003414</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Sep 14,
    2012</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">358374</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Chile</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">INHERENTLY
    SAFE REDOX FLOW BATTERY STORAGE SYSTEM</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">29922007</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Oct 18,
    2007</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">46.336</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>VRB Cayman Registered Trademarks </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Owned by VRB Cayman</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#27880;&#20876;&#21830;&#26631;</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#30001;</B></FONT><B>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#25317;&#26377;</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: #D9E2F3">
    <TD STYLE="border: Black 1pt solid; white-space: nowrap; width: 13%; padding: 1.45pt"><FONT STYLE="font-size: 10pt"><B>Country</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; width: 24%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt"><B>Mark</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; width: 10%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt"><B>Status</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; width: 16%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt"><B>Application
    No.</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; width: 16%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt"><B>Registration
    No.</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; width: 9%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt"><B>Class</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; width: 12%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt"><B>Owner</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Australia</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Heartbeat Logo</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><IMG SRC="tm2426116d1_ex10-1img37.jpg" ALT="Miscellaneous Design" STYLE="height: 29px; width: 48px"></FONT></P></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">1007859</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">1007859</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    Energy Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Australia</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">1007860</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">1007860</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    Energy Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Australia</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">VRB ENERGY (and Chinese Characters Design)</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><IMG SRC="tm2426116d1_ex10-1img38.jpg" ALT="2 FOLDED RIBBONS FORM CROSS; 2 CHINESE CHARACTERS" STYLE="height: 29px; width: 98px"></FONT></P></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">1992616</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">1992616</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    Energy Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Australia</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">VRB ENERGY (and Design)</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><IMG SRC="tm2426116d1_ex10-1img39.jpg" ALT="2 FOLDED RIBBONS FORM CROSS" STYLE="height: 29px; width: 95px"></FONT></P></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">1992617</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">1992617</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    Energy Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Australia</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB ENERGY
    STORAGE SYSTEM</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">1007861</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">1007861</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    Energy Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Australia</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB MW-ESS</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">1370581</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">1370581</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    Energy Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Australia</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB POWER</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">1007858</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">1007858</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    Energy Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Australia</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB-ESS</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">1007862</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">1007862</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    Energy Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Australia</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB KW-ESS</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">1399866</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">1399866</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    Energy Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Canada</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Heartbeat Logo</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2426116d1_ex10-1img37.jpg" ALT=""></P></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">1212146</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">TMA697644</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    Energy Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Canada</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">PRUDENT ENERGY VRB SYSTEMS &amp; Design<BR>
    <BR></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><IMG SRC="tm2426116d1_ex10-1img40.jpg" ALT="" STYLE="height: 29px; width: 69px"></FONT></P></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">1484844</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">TMA806983</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    Energy Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Canada</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">VRB ENERGY &amp; Design</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><IMG SRC="tm2426116d1_ex10-1img41.jpg" ALT="VRB ENERGY" STYLE="height: 48px; width: 65px"></FONT></P></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Pending</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2229697</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(IR No. 1702772)</P></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1702772</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(IR No. 1702772)</P></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    Energy Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Canada</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">1212151</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">TMA694908</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    Energy Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Canada</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB MW-ESS</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">1484843</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">TMA807017</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    Energy Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Canada</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB-ESS</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">1212149</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">TMA695019</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    Energy Inc.</FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: #D9E2F3">
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt; width: 13%"><FONT STYLE="font-size: 10pt"><B>Country</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; width: 24%"><FONT STYLE="font-size: 10pt"><B>Mark</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; width: 10%"><FONT STYLE="font-size: 10pt"><B>Status</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; width: 16%"><FONT STYLE="font-size: 10pt"><B>Application
    No.</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; width: 16%"><FONT STYLE="font-size: 10pt"><B>Registration
    No.</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; width: 9%"><FONT STYLE="font-size: 10pt"><B>Class</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; width: 12%"><FONT STYLE="font-size: 10pt"><B>Owner</B></FONT></TD></TR>

<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid; padding: 1.45pt; width: 13%"><FONT STYLE="font-size: 10pt">Canada</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt; width: 24%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">VRB ENERGY (and Chinese Characters Design)</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2426116d1_ex10-1img38.jpg" ALT=""></P></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt; width: 10%"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt; width: 16%"><FONT STYLE="font-size: 10pt">1948726</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt; width: 16%"><FONT STYLE="font-size: 10pt">TMA1209131</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt; width: 9%"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt; width: 12%"><FONT STYLE="font-size: 10pt">VRB
    Energy Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Canada</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">VRB ENERGY &amp; Design</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2426116d1_ex10-1img39.jpg" ALT=""></P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">1948725</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">TMA1209132</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Chile</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB MW-ESS</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">906486</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">903936</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">European
    Union</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">VRB ENERGY &amp; Design</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2426116d1_ex10-1img41.jpg" ALT=""></P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1702772</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(IR No. 1702772)</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1702772</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(IR No. 1702772)</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">European
    Union</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB MW-ESS</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">009126814</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">009126814</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">European
    Union</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB KW-ESS</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1058676</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(IR No. 1058676)</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1058676</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(IR No. 1058676)</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">European
    Union</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">VRB ENERGY &amp; Design</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2426116d1_ex10-1img39.jpg" ALT=""></P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">018028815</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">018028815</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">European
    Union</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">VRB ENERGY (and Chinese Characters Design)</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2426116d1_ex10-1img38.jpg" ALT=""></P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">018028793</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">018028793</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">International
    Bureau (WIPO)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Heartbeat Logo</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2426116d1_ex10-1img37.jpg" ALT=""></P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">840388</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">840388</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(UK designation only; entire IR)</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">International
    Bureau (WIPO)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">840390</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">840390</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(Mexico and UK designations; entire IR)</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">International
    Bureau (WIPO)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">VRB ENERGY &amp; Design</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2426116d1_ex10-1img41.jpg" ALT=""></P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1702772</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1702772</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(Canada, EU, and UK designations; parent of IR No. 1702772A)</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">International
    Bureau (WIPO)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB-ESS</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">840386</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">840386</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(Mexico and UK designations; entire IR)</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">International
    Bureau (WIPO)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB ENERGY
    STORAGE SYSTEM</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">840389</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">840389</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(Mexico and UK designations; entire IR)</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: #D9E2F3">
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt; width: 13%"><FONT STYLE="font-size: 10pt"><B>Country</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; width: 24%"><FONT STYLE="font-size: 10pt"><B>Mark</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; width: 10%"><FONT STYLE="font-size: 10pt"><B>Status</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; width: 16%"><FONT STYLE="font-size: 10pt"><B>Application
    No.</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; width: 16%"><FONT STYLE="font-size: 10pt"><B>Registration
    No.</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; width: 9%"><FONT STYLE="font-size: 10pt"><B>Class</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; width: 12%"><FONT STYLE="font-size: 10pt"><B>Owner</B></FONT></TD></TR>

<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid; padding: 1.45pt; width: 13%"><FONT STYLE="font-size: 10pt">International Bureau (WIPO)</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt; width: 24%"><FONT STYLE="font-size: 10pt">VRB
    KW-ESS</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt; width: 10%"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt; width: 16%"><FONT STYLE="font-size: 10pt">1058676</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt; width: 16%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1058676</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(EU, Switzerland, Turkey, and UK designations; parent of IR No.
    1058676A)</P></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt; width: 9%"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt; width: 12%"><FONT STYLE="font-size: 10pt">VRB
    Energy Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Mexico</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1497286</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(IR No. 840390)</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1512833</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(IR No. 840390)</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Mexico</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB-ESS</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1489742</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(IR No. 840386)</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1505711</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(IR No. 840386)</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Mexico</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB ENERGY
    STORAGE SYSTEM</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Lapsed</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1489775</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(IR. No. 840389)</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1505732</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(IR. No. 840389)</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Switzerland</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB KW-ESS</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1058676</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(IR No. 1058676)</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1058676</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(IR No. 1058676)</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Turkey</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB MW-ESS</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">201047696</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">201047696</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Turkey</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB KW-ESS</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1058676</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(IR No. 1058676)</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1058676</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(IR No. 1058676)</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">United
    Kingdom</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Heartbeat Logo</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2426116d1_ex10-1img37.jpg" ALT=""></P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">840388</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(IR No. 840388)</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">840388</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(IR No. 840388)</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">United
    Kingdom</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">840390</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(IR No. 840390)</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">840390</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(IR No. 840390)</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">United
    Kingdom</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">VRB ENERGY &amp; Design</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2426116d1_ex10-1img41.jpg" ALT=""></P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1702772</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(IR No. 1702772)</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1702772</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(IR No. 1702772)</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">United
    Kingdom</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB-ESS</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">840386</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(IR No. 840386)</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">840386</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(IR No. 840386)</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">United
    Kingdom</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB MW-ESS</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">UK00909126814</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">UK00909126814</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">United
    Kingdom</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB POWER</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">2536715</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">2536715</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">United
    Kingdom</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB ENERGY
    STORAGE SYSTEM</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">840389</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(IR No. 840389)</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">840389</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(IR No. 840389)</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">United
    Kingdom</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB KW-ESS</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">UK00801058676</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(IR No. 1058676)</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">UK00801058676</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(IR No. 1058676)</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">United
    Kingdom</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">VRB ENERGY &amp; Design</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2426116d1_ex10-1img39.jpg" ALT=""></P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">UK00918028815</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">UK00918028815</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">United
    Kingdom</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">VRB ENERGY (and Chinese Characters Design)</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2426116d1_ex10-1img38.jpg" ALT=""></P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">UK00918028793</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">UK00918028793</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">United
    States of America</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">76/570,858</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">3098573</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Inc.</FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: #D9E2F3">
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt; white-space: nowrap; width: 13%"><FONT STYLE="font-size: 10pt">Country</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; width: 24%"><FONT STYLE="font-size: 10pt">Mark</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; white-space: nowrap; width: 10%"><FONT STYLE="font-size: 10pt">Status</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; white-space: nowrap; width: 16%"><FONT STYLE="font-size: 10pt">Application
    No.</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; white-space: nowrap; width: 16%"><FONT STYLE="font-size: 10pt">Registration
    No.</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; white-space: nowrap; width: 9%"><FONT STYLE="font-size: 10pt">Class</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; white-space: nowrap; width: 12%"><FONT STYLE="font-size: 10pt">Owner</FONT></TD></TR>

<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid; white-space: nowrap; width: 13%; padding: 1.45pt"><FONT STYLE="font-size: 10pt">United States
    of America</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; width: 24%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">VRB ENERGY &amp; Design</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2426116d1_ex10-1img41.jpg" ALT=""></P></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; width: 10%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Allowed</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; width: 16%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">97/361,130</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; width: 16%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; width: 9%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; width: 12%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    Energy Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">United
    States of America</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB-ESS</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Registered</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">76/570,857</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">3098572</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    Energy Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">United
    States of America</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">VRB ENERGY (and Chinese Characters Design)</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2426116d1_ex10-1img38.jpg" ALT=""></P></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Allowed</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">97/361,136</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    Energy Inc.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECTION 3.8.4</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>VRB China Registered Patents</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>To Be Assigned To VRB Cayman</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#31532;
</B></FONT><B>3.8.4 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#27880;&#20876;&#19987;&#21033;</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#23558;&#36716;&#35753;&#32473;</B></FONT><B>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: #D9E2F3">
    <TD STYLE="border: Black 1pt solid; width: 18%; padding: 1.45pt"><FONT STYLE="font-size: 10pt"><B>Country</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; width: 34%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt"><B>Title</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; width: 14%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt"><B>Application
    No.</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; width: 12%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt"><B>Date
    Filed</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; width: 9%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt"><B>Patent
    No.</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; width: 13%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt"><B>Owner</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">United
    States of America</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">METHOD FOR
    RECOVERING CAPACITY OF VANADIUM REDOX FLOW BATTERY</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">18679153</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">May 30,
    2024</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Operations (Beijing) Co. Ltd.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">United
    States of America</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">FLOW BATTERY
    TESTING DEVICE</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">18744315</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Jun 14,
    2024</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Operations (Beijing) Co. Ltd.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">United
    States of America</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">BIPOLAR
    PLATE FOR FLOW BATTERY AND FLOW BATTERY</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">18744285</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Jun 14,
    2024</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Operations (Beijing) Co. Ltd.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">United
    States of America</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">INSULATING
    PROTECTIVE MECHANISM, CONVEYING APPARATUS, AND FLOW BATTERY ENERGY STORAGE SYSTEM</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">18742684</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Jun 13,
    2024</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Operations (Beijing) Co. Ltd.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">United
    States of America</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">DEVICE FOR
    TESTING GAS TIGHTNESS OF BIPOLAR PLATE</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">18744245</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Jun 14,
    2024</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Operations (Beijing) Co. Ltd.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">United
    States of America</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">ELECTROLYTE
    STORAGE TANK</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">18742737</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Jun 13,
    2024</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Operations (Beijing) Co. Ltd.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">United
    States of America</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">FLOW BATTERY
    CLEANING APPARATUS, METHOD, AND SYSTEM</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">18756901</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Jun 27,
    2024</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Operations (Beijing) Co. Ltd.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">United
    States of America</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">FLOW BATTERY
    DEGASSING DEVICE, DEGASSING METHOD, SYSTEM AND STORAGE MEDIUM</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">18741180</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Jun 12,
    2024</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Operations (Beijing) Co. Ltd.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">United
    States of America</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">BIPOLAR
    PLATE AND CURRENT COLLECTOR PLATE OF FLOW BATTERY</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">18756343</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Jun 27,
    2024</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Operations (Beijing) Co. Ltd.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">United
    States of America</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">ALL-VANADIUM
    REDOX FLOW BATTERY SYSTEM</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">18742653</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Jun 13,
    2024</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Operations (Beijing) Co. Ltd.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">United
    States of America</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">METHOD AND
    SYSTEM OF IMPLEMENTING ELECTROLYTE MONITORING, COMPUTER STORAGE MEDIUM, AND TERMINAL</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">18777117</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Jul 18,
    2024</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Operations (Beijing) Co. Ltd.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">United
    States of America</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">CONDUCTIVE
    PASTE, PREPARATION METHOD THEREFOR, COMPOSITE ELECTRODE, AND FLOW BATTERY</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">18750339</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Jun 21,
    2024</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Operations (Beijing) Co. Ltd.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">United
    States of America</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">BIPOLAR
    PLATE STRUCTURE, METHOD OF MANUFACTURING SAME, AND FLOW BATTERY</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">18750309</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Jun 21,
    2024</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Operations (Beijing) Co. Ltd.</FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: #D9E2F3">
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt; width: 18%"><FONT STYLE="font-size: 10pt"><B>Country</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; width: 34%"><FONT STYLE="font-size: 10pt"><B>Title</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; width: 14%"><FONT STYLE="font-size: 10pt"><B>Application
    No.</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; width: 12%"><FONT STYLE="font-size: 10pt"><B>Date
    Filed</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; width: 9%"><FONT STYLE="font-size: 10pt"><B>Patent
    No.</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 1.45pt; width: 13%"><FONT STYLE="font-size: 10pt"><B>Owner</B></FONT></TD></TR>

<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid; width: 18%; padding: 1.45pt"><FONT STYLE="font-size: 10pt">United States of America</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; width: 34%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Flow
    Battery</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; width: 14%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">18750299</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; width: 12%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Jun
    21, 2024</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; width: 9%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; width: 13%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB
    Energy Operations (Beijing) Co. Ltd.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">United
    States of America</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">REDOX FLOW
    BATTERY AND METHOD FOR OPERATING THE BATTERY CONTINUOUSLY IN A LONG PERIOD OF TIME</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">12810950</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Dec 14,
    2009</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">10608274</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Beijing
    Pu Neng Century Sci &amp; Tech Co., Ltd.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">United
    States of America</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">POLYMER
    BLEND PROTON EXCHANGE MEMBRANE AND METHOD FOR MANUFACTURING THE SAME</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">12821961</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Jun 23,
    2010</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">8486579</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Beijing
    Pu Neng Century Sci &amp; Tech Co., Ltd.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">United
    States of America</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">POLYMER
    BLEND PROTON EXCHANGE MEMBRANE AND METHOD FOR MANUFACTURING THE SAME</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">13934046</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Jul 2, 2013</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">10923754</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Beijing
    Pu Neng Century Sci &amp; Tech Co., Ltd.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">United
    States of America</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VANADIUM
    CELL SOC BALANCED SYSTEM</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">18051478</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Oct 31,
    2022</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Operations (Beijing) Co. Ltd.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">United
    States of America</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">DISTRIBUTED
    LARGE-SCALE SYSTEM OF ALL-VANADIUM REDOX FLOW BATTERY</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">18051479</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Oct 31,
    2022</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Operations (Beijing) Co. Ltd.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">United
    States of America</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VANADIUM
    BATTERY SOC BALANCE SYSTEM STRUCTURE AND CONTROL METHOD THEREOF</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">18145778</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Dec 22,
    2022</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">VRB Energy
    Operations (Beijing) Co. Ltd.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">United
    States of America</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">METHOD FOR
    PREPARING VANADIUM ELECTROLYTE FOR ALL-VANADIUM REDOX FLOW BATTERY</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">18157013</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Jan 19,
    2023</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">VRB Energy Operations (Beijing) Co. Ltd.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Beijing Pu Neng Century Sci &amp; Tech Co., Ltd.</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">United
    States of America</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">METHOD AND
    DEVICE FOR ACCURATELY CONTROLLING REDUCTION VALENCE STATE OF HIGH-PURITY VANADIUM PENTOXIDE</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">18157014</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Jan 19,
    2023</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">VRB Energy Operations (Beijing) Co. Ltd.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Beijing Pu Neng Sci &amp; Tech Co., Ltd.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Beijing Pu Neng Century Sci &amp; Tech Co., Ltd.</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">United
    States of America</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">BATTERY
    MANAGEMENT SYSTEM OF FLOW BATTERY</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">18171855</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><FONT STYLE="font-size: 10pt">Feb 21,
    2023</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding: 1.45pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1.45pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">VRB Energy Operations (Beijing) Co. Ltd.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Beijing Pu Neng Sci &amp; Tech Co., Ltd.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Beijing Pu Neng Century Sci &amp; Tech Co., Ltd.</P></TD></TR>
  </TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>VRB China Registered Trademarks </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>To Be Assigned To VRB Cayman</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#27880;&#20876;&#21830;&#26631;</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#23558;&#36716;&#35753;&#32473;</B></FONT><B>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(none)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#65288;&#26080;&#65289;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECTION 3.8.6</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#31532;
</B></FONT><B> 3.8.6 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">See the disclosures made in <U>Section 3.7</U> of the Disclosure Schedule</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#35265;&#25259;&#38706;&#38468;&#34920;<U>&#31532;</U></FONT><U>3.7<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;</FONT></U><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#30340;&#25259;&#38706;</FONT></P>


























<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>EXHIBIT&nbsp;A</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>&#38468;&#20214;
</U></FONT><U>A</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">JOINT VENTURE AGREEMENT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#12298;&#21512;&#36164;&#21327;&#35758;&#12299;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>EXHIBIT&nbsp;B</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>&#38468;&#20214;
</U></FONT><U>B</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">COOPERATION AGREEMENT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#12298;&#21512;&#20316;&#21327;&#35758;&#12299;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>EXHIBIT&nbsp;C</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>&#38468;&#20214;</U></FONT><U>C</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">TRANSITION PLAN</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#36807;&#28193;&#35745;&#21010;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>EXHIBIT&nbsp;D</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>&#38468;&#20214;</U></FONT><U>D</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">CHINA ETA</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#20013;&#22269;</FONT>ETA</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>tm2426116d1_ex10-2.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>&#8239;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit<FONT STYLE="font-size: 10pt">&#8239;10.2</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>&#8239;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>VRB CHINA JOINT
VENTURE AGREEMENT<BR>
VRB</B></FONT><B>&#20013;&#22269;&#21512;&#36164;&#21327;&#35758;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>by and among<BR>
</B></FONT><B>&#30001;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; text-transform: uppercase"><B>vrb
energy system (beijing) co., ltd.<BR>
</B></FONT><B><FONT STYLE="text-transform: uppercase">&#26222;&#33021;&#65288;&#21271;&#20140;&#65289;&#33021;&#28304;&#31185;&#25216;&#26377;&#38480;&#20844;&#21496;</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>and<BR>
</B></FONT><B>&#19982;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>vrb
enERGY inc.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>and<BR>
</B></FONT><B>&#20197;&#21450;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>CHINA ENERGY
STORAGE INDUSTRY CO.,&#8239;LTD.<BR>
</B></FONT><B>&#20013;&#33021;&#20648;&#23454;&#19994;&#26377;&#38480;&#20844;&#21496;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>dated as of October&#8239;15, 2024</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#26085;&#26399;&#65306;</B></FONT><B>2024
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180; &#26376; &#26085;</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&#8239;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&#8239;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>TABLE OF CONTENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in"></P>



<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Article&#8239;1
    DEFINITIONS AND INTERPRETATION</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">2</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&#8239;</TD>
    <TD STYLE="text-align: right">&#8239;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in; width: 10%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.1 </FONT></TD>
    <TD STYLE="width: 85%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Definitions</FONT></TD>
    <TD STYLE="text-align: right; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.2</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Interpretation</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">12</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.3 </FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Conflict</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">13</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.4 </FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Equity Interests Covered by this Agreement</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">13</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in">&#8239;</TD>
    <TD>&#8239;</TD>
    <TD STYLE="text-align: right">&#8239;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Article&#8239;2
    PRE-COMPLETION GOVERNANCE AND OPERATIONS</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">14</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&#8239;</TD>
    <TD STYLE="text-align: right">&#8239;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.1 </FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">VRB Cayman Control</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">14</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.2 </FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pre-Completion Covenants and Obligations</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">14</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.3 </FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Application of Agreement in Pre-Completion Period</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">14</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in">&#8239;</TD>
    <TD>&#8239;</TD>
    <TD STYLE="text-align: right">&#8239;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Article&#8239;3
    JOINT VENTURE GOVERNANCE</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">15</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&#8239;</TD>
    <TD STYLE="text-align: right">&#8239;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.1 </FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Joint Venture Governance</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">15</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.2</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Conduct of the Business</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">15</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.3</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Board of Directors</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">15</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.4 </FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Officers</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">21</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.5 </FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Shareholders</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">25</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in">3.6</TD>
    <TD>Capital Reduction</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in">&#8239;</TD>
    <TD>&#8239;</TD>
    <TD STYLE="text-align: right">&#8239;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Article&#8239;4
    ACCOUNTING AND FINANCING</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">25</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&#8239;</TD>
    <TD STYLE="text-align: right">&#8239;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.1 </FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Budgeting</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">25</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.2 </FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Existing Financing Obligations</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">26</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.3 </FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Additional Financing</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">27</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.4</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Shareholder Loans</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">30</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.5 </FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Capital Contributions</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">30</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.6 </FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financing</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">31</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.7 </FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Accounting, Auditing and Insurance</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">31</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in">&#8239;</TD>
    <TD>&#8239;</TD>
    <TD STYLE="text-align: right">&#8239;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Article&#8239;5
    RIGHTS AND OBLIGATIONS OF THE SHAREHOLDERS</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">33</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&#8239;</TD>
    <TD STYLE="text-align: right">&#8239;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.1 </FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Information Rights</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">33</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.2 </FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Confidentiality</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">35</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.3 </FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Press Releases</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">39</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.4 </FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Competitive Activity</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">39</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in">&#8239;</TD>
    <TD>&#8239;</TD>
    <TD STYLE="text-align: right">&#8239;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Article&#8239;6
    TRANSFER RESTRICTIONS</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">41</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&#8239;</TD>
    <TD STYLE="text-align: right">&#8239;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.1</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">General Prohibition on Transfers</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">41</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.2 </FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">No Transfers to Competitors</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">41</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.3 </FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Transfers to Permitted Transferees</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">41</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.4 </FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Rights of First Refusal</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">42</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.5 </FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Tag-Along Rights</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">43</FONT></TD></TR>
</TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Article&#8239;7
    TAXES</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">45</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&#8239;</TD>
    <TD STYLE="text-align: right">&#8239;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in; width: 10%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.1 </FONT></TD>
    <TD STYLE="width: 85%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Shareholder Responsibility</FONT></TD>
    <TD STYLE="text-align: right; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">45</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.2 </FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Tax Receipts</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">45</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in">&#8239;</TD>
    <TD>&#8239;</TD>
    <TD STYLE="text-align: right">&#8239;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Article&#8239;8
    BREACH</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">46</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&#8239;</TD>
    <TD STYLE="text-align: right">&#8239;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">8.1 </FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Default</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">46</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">8.2 </FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Default Notice</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">46</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">8.3</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Effect of Default</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">47</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in">&#8239;</TD>
    <TD>&#8239;</TD>
    <TD STYLE="text-align: right">&#8239;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Article&#8239;9
    COMPLIANCE WITH LAW</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">47</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&#8239;</TD>
    <TD STYLE="text-align: right">&#8239;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9.1 </FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sanctions and Anti-Corruption Laws</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">47</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9.2 </FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sanctioned Customers</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">48</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in">&#8239;</TD>
    <TD>&#8239;</TD>
    <TD STYLE="text-align: right">&#8239;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Article&#8239;10
    MISCELLANEOUS</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">48</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&#8239;</TD>
    <TD STYLE="text-align: right">&#8239;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.1</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Governing Law</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">48</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.2 </FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Language</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">48</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.3 </FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Termination</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">49</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.4 </FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Dispute Resolution</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">49</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.5 </FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Successors and Assigns</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">49</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.6 </FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Notices</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">49</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.7 </FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Costs of Enforcement</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">50</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.8 </FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Amendments and Waivers</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">51</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.9 </FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Severability</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">51</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.10 </FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Compliance with Agreement</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">51</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.11 </FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Delays or Omissions</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">51</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.375in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.12 </FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Entire Agreement</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">52</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>VRB
CHINA JOINT VENTURE AGREEMENT<BR>
</B></FONT><B>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#21512;&#36164;&#21327;&#35758;</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">THIS VRB CHINA JOINT VENTURE
AGREEMENT (this &ldquo;<B>Agreement</B>&rdquo;) is made and entered into October&#8239;15, 2024 (the &ldquo;<B>Effective Date</B>&rdquo;),
by and among VRB ENERGY SYSTEM (BEIJING) CO.,&#8239;LTD., a wholly foreign-owned enterprise also known as Pu Neng (Beijing) Energy Technology
Co.,&#8239;Ltd. and registered in Beijing, PRC and existing under the laws of the PRC (the &ldquo;<B>VRB China</B>&rdquo;), VRB ENERGY
INC., a corporation existing under the laws of the Cayman Islands (&ldquo;<B>VRB Cayman</B>&rdquo;), and China Energy Storage Industry
Co.,&#8239;Ltd., a company registered in Beijing, PRC and existing under the laws of the PRC (&ldquo;<B>CES</B>&rdquo;). VRB China, VRB
Cayman, and CES may be referred to herein individually as a &ldquo;<B>Party</B>&rdquo; and collectively as the &ldquo;<B>Parties</B>.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#26412;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#21512;&#36164;&#21327;&#35758;&#65288;&#26412;&ldquo;<B>&#21327;&#35758;</B>&rdquo;&#65289;&#20110;</FONT>2024<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;</FONT>[
]<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26376;</FONT>[ ]<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26085;&#65288;&ldquo;<B>&#29983;&#25928;&#26085;</B>&rdquo;&#65289;&#30001;&#20197;&#19979;&#21508;&#26041;&#20043;&#38388;&#31614;&#32626;&#65306;</FONT>VRB
Energy System (Beijing) Co.,&#8239;Ltd.&#65292;&#20063;&#31216;&#26222;&#33021;&#65288;&#21271;&#20140;&#65289;&#33021;&#28304;&#31185;&#25216;&#26377;&#38480;&#20844;&#21496;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65292;&#19968;&#23478;&#22312;&#20013;&#22269;&#21271;&#20140;&#27880;&#20876;&#24182;&#20381;&#25454;&#20013;&#22269;&#27861;&#24459;&#23384;&#32493;&#30340;&#22806;&#21830;&#29420;&#36164;&#20225;&#19994;&#65292;&#31616;&#31216;&ldquo;</FONT><B>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif">&rdquo;&#65307;</FONT>VRB
ENERGY INC.<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65292;&#19968;&#23478;&#20381;&#25454;&#24320;&#26364;&#32676;&#23707;&#27861;&#24459;&#23384;&#32493;&#30340;&#20844;&#21496;&#65292;&#31616;&#31216;&ldquo;</FONT><B>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif">&rdquo;&#65307;&#21644;&#20013;&#33021;&#20648;&#23454;&#19994;&#26377;&#38480;&#20844;&#21496;&#65292;&#19968;&#23478;&#22312;&#20013;&#22269;&#21271;&#20140;&#27880;&#20876;&#24182;&#20381;&#25454;&#20013;&#22269;&#27861;&#24459;&#23384;&#32493;&#30340;&#20844;&#21496;&#65292;&#31616;&#31216;&ldquo;<B>&#20013;&#33021;&#20648;</B>&rdquo;&#12290;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#12289;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#21644;&#20013;&#33021;&#20648;&#22312;&#26412;&#21327;&#35758;&#20013;&#21333;&#31216;&ldquo;<B>&#19968;&#26041;</B>&rdquo;&#65292;&#21512;&#31216;&ldquo;<B>&#21508;&#26041;</B>&rdquo;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>RECITALS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&#21069;&#35328;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Pursuant
to that certain Purchase, Sale and Investment Agreement of even date herewith by and among the Parties (the &ldquo;<B>Purchase Agreement</B>&rdquo;),
on the </FONT>Control Acquisition Date CES shall acquire a fifty-one percent&#8239;(51%) Equity Interest (the &ldquo;<B>Target Equity</B>&rdquo;)
for the consideration and subject to the terms of the Purchase Agreement, and VRB Cayman shall retain the remaining forty-nine&#8239;(49%)
Equity Interest.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#26681;&#25454;<B>&#21508;&#26041;</B>&#20110;&#26412;<B>&#21327;&#35758;</B>&#31614;&#32626;&#26085;&#31614;&#32626;&#30340;&#12298;&#36141;&#20080;&#12289;&#38144;&#21806;&#21644;&#25237;&#36164;&#21327;&#35758;&#12299;&#65288;&ldquo;<B>&#36141;&#20080;&#21327;&#35758;</B>&rdquo;&#65289;&#65292;&#20013;&#33021;&#20648;&#24212;&#20110;<B>&#25511;&#21046;&#26435;&#21462;&#24471;&#26085;</B>&#20381;&#25454;&#36141;&#20080;&#21327;&#35758;&#26465;&#27454;&#25910;&#36141;&#30334;&#20998;&#20043;&#20116;&#21313;&#19968;&#65288;</FONT>51%<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#30340;<B>&#32929;&#26435;</B>&#65288;&ldquo;<B>&#30446;&#26631;&#32929;&#26435;</B>&rdquo;&#65289;&#65292;&#20316;&#20026;&#36141;&#20080;&#21327;&#35758;&#30340;&#23545;&#20215;&#65292;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#24212;&#20445;&#30041;&#21097;&#20313;&#30340;&#30334;&#20998;&#20043;&#22235;&#21313;&#20061;&#65288;</FONT>49%<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;<B>&#32929;&#26435;</B>&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">B.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Parties desire to enter into this Agreement to set forth the terms under which CES and VRB Cayman shall collectively own, manage, supervise,
and operate VRB China.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#21508;&#26041;</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26377;&#24847;&#31614;&#35746;&#26412;<B>&#21327;&#35758;</B>&#65292;&#36733;&#26126;&#21327;&#35758;&#26465;&#27454;&#65292;&#26681;&#25454;&#35813;&#31561;&#26465;&#27454;&#65292;&#20013;&#33021;&#20648;&#21644;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#24212;&#20849;&#21516;&#25317;&#26377;&#12289;&#31649;&#29702;&#12289;&#30417;&#30563;&#24182;&#36816;&#33829;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">C.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
execution and delivery of this Agreement is a condition to the execution of the Purchase Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&#26412;<B>&#21327;&#35758;</B>&#30340;&#31614;&#32626;&#21644;&#20132;&#20184;&#26159;&#31614;&#32626;&#36141;&#20080;&#21327;&#35758;&#30340;&#21069;&#25552;&#26465;&#20214;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&#21327;&#35758;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NOW,
THEREFORE, </B></FONT>for and in consideration of the payments prescribed in the Purchase Agreement, and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged and confirmed, and the mutual promises, covenants, and conditions herein
contained and recited, the Parties agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>&#20857;&#37492;&#20110;</B></FONT>&#36141;&#20080;&#21327;&#35758;&#20013;&#35268;&#23450;&#30340;&#20184;&#27454;&#23545;&#20215;&#21450;&#20854;&#20182;&#20805;&#20998;&#26377;&#25928;&#23545;&#20215;&#65292;&#29305;&#27492;&#25215;&#35748;&#19988;&#30830;&#35748;&#19994;&#24050;&#36275;&#39069;&#25910;&#35755;&#23545;&#20215;&#65292;&#20197;&#21450;&#26412;&#21327;&#35758;&#19979;&#25991;&#25152;&#21015;&#30340;&#30456;&#20114;&#25215;&#35834;&#12289;&#32422;&#23450;&#21644;&#26465;&#20214;&#65292;<B>&#21508;&#26041;</B>&#32422;&#23450;&#22914;&#19979;&#65306;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>Article&#8239;1</B></FONT><B><FONT STYLE="text-transform: uppercase"><U><BR>
</U>DEFINITIONS AND INTERPRETATION<BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#31532;</FONT>1<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;</FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#23450;&#20041;&#19982;&#37322;&#20041;</FONT></FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>1.1&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Definitions.
</B>For the purposes of this Agreement, unless there is something in the subject matter or context inconsistent therewith, the following
words and expressions shall have the following meanings:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#23450;&#20041;</B></FONT><B>.
</B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#21327;&#35758;&#20013;&#65292;&#38500;&#38750;&#20027;&#39064;&#25110;&#19978;&#19979;&#25991;&#19981;&#19968;&#33268;&#65292;&#20197;&#19979;&#35789;&#35821;&#21644;&#34920;&#36848;&#20855;&#26377;&#20197;&#19979;&#21547;&#20041;&#65306;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>Accepted Equity Interest</B>&rdquo;
has the meaning set forth in Section&#8239;6.4.2.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>&#24050;&#25509;&#21463;&#32929;&#26435;</B>&rdquo;&#20855;&#26377;&#31532;</FONT>6.4.2<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#20013;&#25152;&#36848;&#30340;&#21547;&#20041;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>Additional Financing</B>&rdquo;
has the meaning set forth in Section&#8239;4.3.1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>&#39069;&#22806;&#34701;&#36164;</B>&rdquo;&#20855;&#26377;&#31532;</FONT>4.3.1<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#20013;&#25152;&#36848;&#30340;&#21547;&#20041;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>Additional Financing
Notice</B>&rdquo; has the meaning set forth in Section&#8239;4.3.4</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>&#39069;&#22806;&#34701;&#36164;&#36890;&#30693;</B>&rdquo;&#20855;&#26377;&#31532;</FONT>4.3.4<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#20013;&#25152;&#36848;&#30340;&#21547;&#20041;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>Affiliate</B>&rdquo;
means, with respect to any specified Person, any other Person who, directly or indirectly, </FONT>Controls, is Controlled by, or is under
common Control with such Person, including, without limitation, any general partner, managing member, officer, supervisor, executive,
director, or trustee of such Person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>&#20851;&#32852;&#26041;</B>&rdquo;&#23601;&#20219;&#20309;&#29305;&#23450;<B>&#20154;&#22763;</B>&#32780;&#35328;&#65292;&#26159;&#25351;&#30452;&#25509;&#25110;&#38388;&#25509;<B>&#25511;&#21046;</B>&#35813;<B>&#20154;&#22763;</B>&#12289;&#21463;&#35813;<B>&#20154;&#22763;&#25511;&#21046;</B>&#25110;&#19982;&#35813;<B>&#20154;&#22763;</B>&#21463;&#20849;&#21516;<B>&#25511;&#21046;</B>&#30340;&#20219;&#20309;&#20854;&#20182;<B>&#20154;&#22763;</B>&#65292;&#21253;&#25324;&#20294;&#19981;&#38480;&#20110;&#35813;<B>&#20154;&#22763;</B>&#30340;&#20219;&#20309;&#19968;&#33324;&#21512;&#20249;&#20154;&#12289;&#31649;&#29702;&#25104;&#21592;&#12289;&#39640;&#32423;&#32844;&#21592;&#12289;&#30417;&#20107;&#12289;&#39640;&#31649;&#12289;&#33891;&#20107;&#25110;&#21463;&#25176;&#20154;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>Agreement</B>&rdquo;
has the meaning set forth in the Preamble.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&#8239;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>&#21327;&#35758;</B>&rdquo;&#20855;&#26377;<B>&#21069;&#35328;</B>&#20013;&#25152;&#36848;&#30340;&#21547;&#20041;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>Annual
Budget</B>&rdquo; means a Budget for each Financial Year of VRB China, including, the Annual Budget for the remainder of Financial Year
2024 and the Annual Budget for Financial Year 2025 that have been approved by the Parties as of the Effective Date pursuant to the Transition
Plan and each subsequent Annual Budget that is approved by the Parties after the </FONT>Control Acquisition Date pursuant to the terms
of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>&#24180;&#24230;&#39044;&#31639;</B>&rdquo;&#25351;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#27599;&#20010;&#36130;&#25919;&#24180;&#24230;&#30340;&#39044;&#31639;&#65292;&#21253;&#25324;&#21508;&#26041;&#26681;&#25454;&#12298;&#36807;&#28193;&#35745;&#21010;&#12299;&#20110;&#29983;&#25928;&#26085;&#25209;&#20934;&#30340;
</FONT>2024 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#36130;&#25919;&#24180;&#24230;&#21097;&#20313;&#26102;&#38388;&#30340;&#24180;&#24230;&#39044;&#31639;&#21644;
</FONT>2025 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#36130;&#25919;&#24180;&#24230;&#30340;&#24180;&#24230;&#39044;&#31639;&#65292;&#20197;&#21450;&#21508;&#26041;&#26681;&#25454;&#26412;&#21327;&#35758;&#26465;&#27454;&#20110;&#25511;&#21046;&#26435;&#21462;&#24471;&#26085;&#21518;&#25209;&#20934;&#30340;&#21508;&#21518;&#32493;&#24180;&#24230;&#39044;&#31639;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>Anti-Corruption Laws</B>&rdquo;
shall mean all laws, rules&#8239;and regulations of any jurisdiction applicable to any Shareholder and/or its Affiliates concerning or
relating to bribery or corruption.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>&#21453;&#33104;&#36133;&#27861;</B></FONT>&quot;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26159;&#25351;&#36866;&#29992;&#20110;&#20219;&#20309;<B>&#32929;&#19996;</B>&#21644;</FONT>/<FONT STYLE="font-family: Times New Roman, Times, Serif">&#25110;&#20854;<B>&#20851;&#32852;&#26041;</B>&#30340;&#12289;&#28041;&#21450;&#25110;&#19982;&#36159;&#36162;&#25110;&#33104;&#36133;&#26377;&#20851;&#30340;&#20219;&#20309;&#21496;&#27861;&#31649;&#36758;&#21306;&#30340;&#25152;&#26377;&#27861;&#24459;&#12289;&#35268;&#21017;&#21644;&#27861;&#35268;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>Board</B>&rdquo;
has the meaning set forth in Section&#8239;3.3.1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>&#33891;&#20107;&#20250;</B>&rdquo;&#20855;&#26377;&#31532;</FONT>3.3.1<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#20013;&#25152;&#36848;&#30340;&#21547;&#20041;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>Budget</B>&rdquo;
means a description in reasonable detail of the operations to be conducted and the objectives to be accomplished by VRB China for a given
period together with a detailed estimate of all sales revenues and other income to be received by, and all operating and capital costs
to be incurred by, VRB China, and, if applicable, a detailed description of any funding requirements and whether such funding will be
provided through equity or debt financings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>&#39044;&#31639;</B>&rdquo;&#25351;&#23545;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#22312;&#29305;&#23450;&#26399;&#38388;&#20869;&#35201;&#24320;&#23637;&#30340;&#19994;&#21153;&#21644;&#35201;&#23454;&#29616;&#30340;&#30446;&#26631;&#30340;&#21512;&#29702;&#35814;&#32454;&#25551;&#36848;&#65292;&#20197;&#21450;&#23545;
</FONT>VRB <FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#23558;&#33719;&#24471;&#30340;&#25152;&#26377;&#38144;&#21806;&#25910;&#20837;&#21644;&#20854;&#20182;&#25910;&#20837;&#20197;&#21450;&#23558;&#20135;&#29983;&#30340;&#25152;&#26377;&#36816;&#33829;&#25104;&#26412;&#21644;&#36164;&#37329;&#25104;&#26412;&#30340;&#35814;&#32454;&#20272;&#31639;&#65292;&#20197;&#21450;&#65288;&#22914;&#36866;&#29992;&#65289;&#23545;&#20219;&#20309;&#36164;&#37329;&#38656;&#27714;&#20197;&#21450;&#26159;&#21542;&#23558;&#36890;&#36807;&#32929;&#26435;&#25110;&#20538;&#21153;&#34701;&#36164;&#25552;&#20379;&#35813;&#31561;&#36164;&#37329;&#30340;&#35814;&#32454;&#25551;&#36848;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>Business</B>&rdquo;
means the business of building, developing, manufacturing, selling, and researching and developing vanadium redox flow batteries and
upstream components, including electrolyte production, but solely in the VRB China Areas.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#19994;&#21153;</B></FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#25351;&#24314;&#36896;&#12289;&#24320;&#21457;&#12289;&#21046;&#36896;&#12289;&#20986;&#21806;&#21644;&#30740;&#21457;&#20840;&#38034;&#28082;&#27969;&#30005;&#27744;&#21450;&#19978;&#28216;&#32452;&#20214;&#65288;&#21253;&#25324;&#30005;&#35299;&#28082;&#29983;&#20135;&#65289;&#30340;&#19994;&#21153;&#65292;&#20294;&#20165;&#38480;&#20110;&#22312;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#21306;&#22495;&#24320;&#23637;&#19978;&#36848;&#19994;&#21153;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>Business Day</B>&rdquo;
means any day except Saturday, Sunday, or any other day on which commercial banks in Beijing, PRC are authorized or required by law to
be closed for business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>&#24037;&#20316;&#26085;</B>&rdquo;&#25351;&#38500;&#26143;&#26399;&#20845;&#12289;&#26143;&#26399;&#26085;&#25110;&#20013;&#22269;&#21271;&#20140;&#24066;&#30340;&#21830;&#19994;&#38134;&#34892;&#20381;&#27861;&#34987;&#25480;&#26435;&#25110;&#35201;&#27714;&#20572;&#27490;&#33829;&#19994;&#30340;&#20854;&#20182;&#26085;&#23376;&#20197;&#22806;&#30340;&#20219;&#20309;&#19968;&#22825;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>Capital Contribution</B>&rdquo;
has the meaning set forth in Section&#8239;4.3.1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>&#20986;&#36164;</B>&rdquo;&#20855;&#26377;&#31532;</FONT>4.3.1<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#20013;&#25152;&#36848;&#30340;&#21547;&#20041;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>CES</B>&rdquo; has
the meaning set forth in the Preamble.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>&#20013;&#33021;&#20648;</B>&rdquo;&#20855;&#26377;<B>&#21069;&#35328;</B>&#20013;&#25152;&#36848;&#30340;&#21547;&#20041;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>CES Director</B>&rdquo;
and &ldquo;<B>CES Directors</B>&rdquo; have the meaning set forth in Section&#8239;3.3.4(a).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>&#20013;&#33021;&#20648;&#33891;&#20107;</B>&rdquo;&#20855;&#26377;&#31532;</FONT>3.3.4(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#20013;&#25152;&#36848;&#30340;&#21547;&#20041;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>Chairman</B>&rdquo;
means the Chairman of the Board.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>&#33891;&#20107;&#38271;</B>&rdquo;&#25351;&#33891;&#20107;&#20250;&#20027;&#24109;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>Competitor</B>&rdquo;
means any Person whose business is predominantly in the manufacture of flow batteries anywhere in the world, including, without limitation,
Dalian Rongke, Beijing Star, Shanghai Electric, Sumitomo Electric, Redflow, and Weilide, in each case subject to applicable U.S. antitrust
laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>&#31454;&#20105;&#23545;&#25163;</B>&rdquo;&#25351;&#22312;&#19990;&#30028;&#19978;&#20219;&#20309;&#22320;&#26041;&#20197;&#21046;&#36896;&#28082;&#27969;&#30005;&#27744;&#20026;&#20027;&#33829;&#19994;&#21153;&#30340;&#20219;&#20309;<B>&#20154;&#22763;</B>&#65292;&#21253;&#25324;&#20294;&#19981;&#38480;&#20110;&#22823;&#36830;&#34701;&#31185;&#12289;&#21271;&#20140;&#26143;&#36784;&#12289;&#19978;&#28023;&#30005;&#27668;&#12289;&#20303;&#21451;&#30005;&#24037;&#12289;</FONT>Redflow<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21644;&#20255;&#21147;&#24471;&#65292;&#22312;&#20219;&#20309;&#24773;&#20917;&#19979;&#39035;&#36981;&#23432;&#36866;&#29992;&#30340;&#32654;&#22269;&#21453;&#22404;&#26029;&#27861;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>Control
Acquisition Date</B>&rdquo; has its meaning set forth in </FONT>the Purchase Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>&#25511;&#21046;&#26435;&#21462;&#24471;&#26085;</B>&rdquo;&#20855;&#26377;&#36141;&#20080;&#21327;&#35758;&#20013;&#25152;&#36848;&#30340;&#21547;&#20041;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>Control</B>&rdquo;
means, with respect to a Person, the power or authority, whether exercised or not, to direct the business, management and policies of
such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; provided, that such
power or authority shall conclusively be presumed to exist upon possession of beneficial ownership or power to direct the vote of more
than fifty percent (50%) of the votes entitled to be cast at a meeting of the members or shareholders of such Person or power to control
the composition of a majority of the board of directors of such Person. The terms &ldquo;<B>Controlled</B>&rdquo; and &ldquo;<B>Controlling</B>&rdquo;
have meanings correlative to the foregoing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&#8239;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>&#25511;&#21046;</B>&rdquo;&#65292;&#23601;&#26576;&#19968;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20154;&#22763;&#32780;&#35328;&#65292;&#25351;&#30452;&#25509;&#25110;&#38388;&#25509;&#20915;&#23450;&#35813;&#20154;&#22763;&#32463;&#33829;&#12289;&#31649;&#29702;&#21644;&#25919;&#31574;&#30340;&#26435;&#21147;&#25110;&#25480;&#26435;&#65292;&#26080;&#35770;&#26159;&#21542;&#34892;&#20351;&#65292;&#26080;&#35770;&#26159;&#21542;&#36890;&#36807;&#25317;&#26377;&#26377;&#25237;&#31080;&#26435;&#30340;&#35777;&#21048;&#12289;&#36890;&#36807;&#21512;&#21516;&#32422;&#23450;&#25110;&#20197;&#20854;&#20182;&#26041;&#24335;&#65307;&#20294;&#22312;&#25317;&#26377;&#21463;&#30410;&#25152;&#26377;&#26435;&#25110;&#26377;&#26435;&#22312;&#35813;&#20154;&#22763;&#25104;&#21592;&#25110;&#32929;&#19996;&#20250;&#19978;&#25351;&#23548;&#30334;&#20998;&#20043;&#20116;&#21313;&#65288;</FONT>50%<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#20197;&#19978;&#26377;&#34920;&#20915;&#26435;&#30340;&#31080;&#25968;&#25110;&#26377;&#26435;&#25511;&#21046;&#35813;&#20154;&#22763;&#33891;&#20107;&#20250;&#22823;&#22810;&#25968;&#25104;&#21592;&#32452;&#25104;&#26102;&#65292;&#24212;&#26368;&#32456;&#25512;&#23450;&#23384;&#22312;&#35813;&#31561;&#26435;&#21147;&#25110;&#25480;&#26435;&#12290;&ldquo;&#21463;&#25511;&#21046;&rdquo;&#21450;&#35813;&#35789;&#22312;&#33521;&#25991;&#25991;&#26412;&#20013;&#30340;&#20854;&#20182;&#21160;&#35789;&#24418;&#24577;&#24212;&#20855;&#26377;&#19978;&#36848;&#30456;&#20851;&#21547;&#20041;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>Confidential Information</B>&rdquo;
has the meaning set forth in Section&#8239;5.2.1(a).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>&#20445;&#23494;&#20449;&#24687;</B>&rdquo;&#20855;&#26377;&#31532;</FONT>5.2.1(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#20013;&#25152;&#36848;&#30340;&#21547;&#20041;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>Cooperation
Agreement</B>&rdquo; means that certain Cooperation Agreement of even date herewith by and among VRB China, VRB Cayman, VRB USA, and
</FONT>CES, a copy of which is attached hereto as Exhibit&#8239;A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>&#21512;&#20316;&#21327;&#35758;</B>&rdquo;&#25351;&#26412;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#21327;&#35758;&#31614;&#32626;&#26085;&#30001;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#12289;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#12289;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#21644;&#20013;&#33021;&#20648;&#20043;&#38388;&#31614;&#32626;&#30340;&#12298;&#21512;&#20316;&#21327;&#35758;&#12299;&#65292;&#12298;&#21512;&#20316;&#21327;&#35758;&#12299;&#21103;&#26412;&#38468;&#20110;&#26412;&#21327;&#35758;&#38468;&#20214;</FONT>A<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>Current
Budget</B>&rdquo; and &ldquo;<B>Current Budgets</B>&rdquo; have the meaning set forth in </FONT>Section&#8239;4.2.2.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>&#24403;&#21069;&#39044;&#31639;</B>&rdquo;&#20855;&#26377;&#31532;</FONT>4.2.2<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#20013;&#25152;&#36848;&#30340;&#21547;&#20041;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>Default</B>&rdquo;
has the meaning set forth in Section&#8239;8.1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>&#36829;&#32422;</B>&rdquo;&#20855;&#26377;&#31532;</FONT>8.1<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#20013;&#25152;&#36848;&#30340;&#21547;&#20041;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>Default Notice</B>&rdquo;
has the meaning set forth in Section&#8239;8.2.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>&#36829;&#32422;&#36890;&#30693;</B>&rdquo;&#20855;&#26377;&#31532;</FONT>8.2<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#20013;&#25152;&#36848;&#30340;&#21547;&#20041;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>Defaulting Shareholder</B>&rdquo;
has the meaning set forth in Section&#8239;8.1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>&#36829;&#32422;&#32929;&#19996;</B>&rdquo;&#20855;&#26377;&#31532;</FONT>8.1<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#20013;&#25152;&#36848;&#30340;&#21547;&#20041;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>Director</B>&rdquo;
and &ldquo;<B>Directors</B>&rdquo; has the meaning set forth in Section&#8239;3.3.3.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>&#33891;&#20107;</B>&rdquo;&#20855;&#26377;&#31532;</FONT>3.3.3<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#20013;&#25152;&#36848;&#30340;&#21547;&#20041;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>Effective Date</B>&rdquo;
has the meaning set forth in the Preamble.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>&#29983;&#25928;&#26085;</B>&rdquo;&#20855;&#26377;<B>&#21069;&#35328;</B>&#20013;&#25152;&#36848;&#30340;&#21547;&#20041;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>Equity Interest</B>&rdquo;
means any equity ownership interest in VRB China, expressed as a percentage and determined by the Parties as set forth in this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>&#32929;&#26435;</B>&rdquo;&#25351;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#30340;&#20219;&#20309;&#32929;&#26435;&#25152;&#26377;&#26435;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>Financial Year</B>&rdquo;
means the financial year of VRB China, which as of the Effective Date is the period commencing on 1&#8239;January&#8239;and ending on
31&#8239;December&#8239;of each year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>&#36130;&#25919;&#24180;&#24230;</B>&rdquo;&#25351;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#30340;&#36130;&#25919;&#24180;&#24230;&#65292;&#33258;<B>&#29983;&#25928;&#26085;</B>&#36215;&#65292;&#20026;&#27599;&#24180;</FONT>1<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26376;</FONT>1<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26085;&#36215;&#33267;</FONT>12<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26376;</FONT>31<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26085;&#27490;&#30340;&#26399;&#38388;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>Funding Shareholder</B>&rdquo;
has the meaning set forth in Section&#8239;4.3.5.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>&#20986;&#36164;&#32929;&#19996;</B>&rdquo;&#20855;&#26377;&#31532;</FONT>4.3.5<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#20013;&#25152;&#36848;&#30340;&#21547;&#20041;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>Governmental Authority</B>&rdquo;
means (i)&#8239;any national, state, regional, county, city, municipal or local government, whether foreign or domestic, (ii)&#8239;governmental
or quasi-governmental authority of any nature, including any regulatory or administrative agency, commission, department, board, bureau,
court, tribunal, arbitrator, arbitral body, agency, branch, official entity or other administrative or regulatory body obtaining authority
from any of the foregoing, including courts, public utilities, sewer authorities and any supra-national organization, state, county,
city or other political subdivision, or (iii)&#8239;any other Person, exercising or entitled to exercise, any administrative, executive,
judicial, legislative, police, regulatory or taxing authority or power of any nature.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>&#25919;&#24220;&#26426;&#20851;</B>&rdquo;&#25351;&#65288;</FONT>i<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#20219;&#20309;&#22269;&#23478;&#12289;&#24030;&#12289;&#22320;&#21306;&#12289;&#21439;&#12289;&#24066;&#12289;&#24066;&#25919;&#25110;&#22320;&#26041;&#25919;&#24220;&#65292;&#19981;&#35770;&#26159;&#22806;&#22269;&#25919;&#24220;&#36824;&#26159;&#22269;&#20869;&#25919;&#24220;&#65292;&#65288;</FONT>ii<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#20219;&#20309;&#24615;&#36136;&#30340;&#25919;&#24220;&#25110;&#20934;&#25919;&#24220;&#26426;&#20851;&#65292;&#21253;&#25324;&#20219;&#20309;&#30417;&#31649;&#25110;&#34892;&#25919;&#26426;&#26500;&#12289;&#22996;&#21592;&#20250;&#12289;&#37096;&#38376;&#12289;&#33891;&#20107;&#20250;&#12289;&#23616;&#12289;&#27861;&#38498;&#12289;&#27861;&#24237;&#12289;&#20210;&#35009;&#21592;&#12289;&#20210;&#35009;&#26426;&#26500;&#12289;&#20195;&#29702;&#26426;&#26500;&#12289;&#20998;&#25903;&#26426;&#26500;&#12289;&#23448;&#26041;&#23454;&#20307;&#25110;&#20174;&#19978;&#36848;&#20219;&#20309;&#26426;&#26500;&#33719;&#24471;&#26435;&#21147;&#30340;&#20854;&#20182;&#34892;&#25919;&#25110;&#30417;&#31649;&#26426;&#26500;&#65292;&#21253;&#25324;&#27861;&#38498;&#12289;&#20844;&#20849;&#20107;&#19994;&#12289;&#27745;&#27700;&#22788;&#29702;&#37096;&#38376;&#21644;&#20219;&#20309;&#36229;&#22269;&#23478;&#32452;&#32455;&#12289;&#24030;&#12289;&#21439;&#12289;&#24066;&#25110;&#20854;&#20182;&#25919;&#27835;&#20998;&#25903;&#26426;&#26500;&#65292;&#25110;&#65288;</FONT>iii<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#34892;&#20351;&#25110;&#26377;&#26435;&#34892;&#20351;&#20219;&#20309;&#24615;&#36136;&#30340;&#31649;&#29702;&#12289;&#34892;&#25919;&#12289;&#21496;&#27861;&#12289;&#31435;&#27861;&#12289;&#35686;&#23519;&#12289;&#30417;&#31649;&#25110;&#31246;&#25910;&#32844;&#26435;&#25110;&#26435;&#21147;&#30340;&#20219;&#20309;&#20854;&#20182;<B>&#20154;&#22763;</B>&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>Intellectual Property</B>&rdquo;
means any of the following: (i)&#8239;trademarks, service marks, trade names, and similar indicia of source or origin, all registrations
and applications for registration thereof, and the goodwill connected with the use of and symbolized by the foregoing; (ii)&#8239;copyrights
and all registrations and applications for registration thereof; (iii)&#8239;trade secrets and know-how; (iv)&#8239;patents and patent
applications; (v)&#8239;internet domain name registrations; and (vi)&#8239;other intellectual property and related proprietary rights.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>&#30693;&#35782;&#20135;&#26435;</B>&rdquo;&#25351;&#20197;&#19979;&#20219;&#20309;&#19968;&#39033;&#65306;&#65288;</FONT>i<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#21830;&#26631;&#12289;&#26381;&#21153;&#26631;&#35760;&#12289;&#21830;&#19994;&#21517;&#31216;&#21644;&#31867;&#20284;&#30340;&#26469;&#28304;&#25110;&#21407;&#20135;&#22320;&#26631;&#35760;&#12289;&#25152;&#26377;&#27880;&#20876;&#21644;&#27880;&#20876;&#30003;&#35831;&#12289;&#20197;&#21450;&#19982;&#20351;&#29992;&#21069;&#36848;&#20869;&#23481;&#26377;&#20851;&#24182;&#30001;&#21069;&#36848;&#20869;&#23481;&#35937;&#24449;&#30340;&#21830;&#35465;&#65307;&#65288;</FONT>ii<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#33879;&#20316;&#26435;&#20197;&#21450;&#25152;&#26377;&#27880;&#20876;&#21644;&#27880;&#20876;&#30003;&#35831;&#65307;&#65288;</FONT>iii<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#21830;&#19994;&#31192;&#23494;&#21644;&#19987;&#26377;&#25216;&#26415;&#65307;&#65288;</FONT>iv<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#19987;&#21033;&#21644;&#19987;&#21033;&#30003;&#35831;&#65307;&#65288;</FONT>v<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#20114;&#32852;&#32593;&#22495;&#21517;&#27880;&#20876;&#65307;&#20197;&#21450;&#65288;</FONT>vi<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#20854;&#20182;&#30693;&#35782;&#20135;&#26435;&#21644;&#30456;&#20851;&#19987;&#26377;&#26435;&#21033;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&#8239;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>Insolvency
Event</B>&rdquo; means, with respect to any Shareholder: (i)&#8239;any involuntary proceeding shall be commenced under any Law or any
involuntary petition shall be filed under any Law seeking liquidation, reorganization, or other relief in respect of the Shareholder,
its debts, or a substantial part of its assets, or the appointment of a receiver, trustee, custodian, sequestrator, conservator, or similar
official for the Shareholder or for a substantial part of its assets, and, in any such case, such proceeding or petition shall continue
undismissed for a period of ninety (90)&#8239;days or an order or decree approving or ordering any of the foregoing shall be entered;
(ii)&#8239;the Shareholder shall voluntarily commence any proceeding under any Law or file any petition under any Law seeking liquidation,
reorganization, or other relief in respect of the Shareholder, its debts, or a substantial part of its assets, or the appointment of
a receiver, trustee, custodian, sequestrator, conservator, or similar official for the Shareholder or for a substantial part of its assets;
(iii)&#8239;the Shareholder shall make a general assignment for the benefit of creditors; (iv)&#8239;the Shareholder shall be dissolved
and all or any substantial part of its assets shall be distributed to any Person that is not an Affiliate of the Shareholder; (v)&#8239;</FONT>an
event has taken place with respect to the Shareholder which would make it to be insolvent under any Laws applicable to it .</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>&#30772;&#20135;&#20107;&#20214;</B>&rdquo;&#23601;&#20219;&#20309;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#32929;&#19996;&#32780;&#35328;&#65292;&#25351;&#65306;</FONT>(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26681;&#25454;&#20219;&#20309;&#27861;&#24459;&#21551;&#21160;&#20219;&#20309;&#38750;&#33258;&#24895;&#31243;&#24207;&#65292;&#25110;&#26681;&#25454;&#20219;&#20309;&#27861;&#24459;&#25552;&#20132;&#20219;&#20309;&#38750;&#33258;&#24895;&#30003;&#35831;&#65292;&#23547;&#27714;&#26377;&#20851;&#32929;&#19996;&#12289;&#20854;&#20538;&#21153;&#25110;&#20854;&#22823;&#37096;&#20998;&#36164;&#20135;&#30340;&#28165;&#31639;&#12289;&#37325;&#32452;&#25110;&#20854;&#20182;&#25937;&#27982;&#65292;&#25110;&#20026;&#32929;&#19996;&#25110;&#20854;&#22823;&#37096;&#20998;&#36164;&#20135;&#25351;&#23450;&#25509;&#31649;&#20154;&#12289;&#21463;&#25176;&#20154;&#12289;&#20445;&#31649;&#20154;&#12289;&#25187;&#25276;&#20154;&#12289;&#20445;&#20840;&#20154;&#25110;&#31867;&#20284;&#23448;&#21592;&#65292;&#19988;&#22312;&#20219;&#20309;&#27492;&#31867;&#24773;&#20917;&#19979;&#65292;&#35813;&#31561;&#31243;&#24207;&#25110;&#30003;&#35831;&#24212;&#22312;&#20061;&#21313;&#65288;</FONT>90<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#22825;&#20869;&#25345;&#32493;&#26410;&#34987;&#39539;&#22238;&#65292;&#25110;&#21629;&#20196;&#25110;&#27861;&#20196;&#25209;&#20934;&#25110;&#21629;&#20196;&#20219;&#20309;&#19978;&#36848;&#24773;&#20917;&#65307;</FONT>(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32929;&#19996;&#33258;&#24895;&#21551;&#21160;&#23601;&#20219;&#20309;&#27861;&#24459;&#35268;&#23450;&#30340;&#20219;&#20309;&#31243;&#24207;&#65292;&#25110;&#26681;&#25454;&#20219;&#20309;&#27861;&#24459;&#25552;&#20986;&#20219;&#20309;&#30003;&#35831;&#65292;&#23547;&#27714;&#26377;&#20851;&#32929;&#19996;&#12289;&#20854;&#20538;&#21153;&#25110;&#20854;&#22823;&#37096;&#20998;&#36164;&#20135;&#30340;&#28165;&#31639;&#12289;&#37325;&#32452;&#25110;&#20854;&#20182;&#25937;&#27982;&#65292;&#25110;&#20026;&#32929;&#19996;&#25110;&#20854;&#22823;&#37096;&#20998;&#36164;&#20135;&#25351;&#23450;&#25509;&#31649;&#20154;&#12289;&#21463;&#25176;&#20154;&#12289;&#20445;&#31649;&#20154;&#12289;&#25187;&#25276;&#20154;&#12289;&#20445;&#20840;&#20154;&#25110;&#31867;&#20284;&#23448;&#21592;&#65307;</FONT>(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32929;&#19996;&#20026;&#20538;&#26435;&#20154;&#30340;&#21033;&#30410;&#36827;&#34892;&#20840;&#38754;&#36716;&#35753;&#65307;</FONT>(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32929;&#19996;&#35299;&#25955;&#65292;&#20854;&#20840;&#37096;&#25110;&#20219;&#20309;&#22823;&#37096;&#20998;&#36164;&#20135;&#20998;&#37197;&#32473;&#38750;&#32929;&#19996;&#20851;&#32852;&#26041;&#30340;&#20219;&#20309;&#20154;&#22763;&#65307;</FONT>(v)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32929;&#19996;&#21457;&#29983;&#20219;&#20309;&#23545;&#20854;&#36866;&#29992;&#30340;&#27861;&#24459;&#35268;&#23450;&#30340;&#30772;&#20135;&#20107;&#20214;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>Law</B>&rdquo; means
all applicable federal, state, local, municipal, tribal and foreign laws (statutory or common), rules, ordinances, regulations, grants,
concessions, franchises, licenses, orders, directives, judgments, decrees, and other governmental restrictions, including permits and
other similar requirements, whether legislative, municipal, administrative or judicial in nature.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>&#27861;&#24459;</B>&rdquo;&#25351;&#25152;&#26377;&#36866;&#29992;&#30340;&#32852;&#37030;&#12289;&#24030;&#12289;&#22320;&#26041;&#12289;&#24066;&#12289;&#37096;&#33853;&#21644;&#22806;&#22269;&#27861;&#24459;&#65288;&#25104;&#25991;&#27861;&#25110;&#26222;&#36890;&#27861;&#65289;&#12289;&#35268;&#21017;&#12289;&#26465;&#20363;&#12289;&#27861;&#35268;&#12289;&#25320;&#27454;&#12289;&#29305;&#35768;&#26435;&#12289;&#19987;&#33829;&#26435;&#12289;&#35768;&#21487;&#35777;&#12289;&#21629;&#20196;&#12289;&#25351;&#20196;&#12289;&#21028;&#20915;&#12289;&#27861;&#20196;&#21644;&#20854;&#20182;&#25919;&#24220;&#38480;&#21046;&#65292;&#21253;&#25324;&#35768;&#21487;&#35777;&#21644;&#20854;&#20182;&#31867;&#20284;&#35201;&#27714;&#65292;&#26080;&#35770;&#26159;&#31435;&#27861;&#12289;&#24066;&#25919;&#12289;&#34892;&#25919;&#36824;&#26159;&#21496;&#27861;&#24615;&#36136;&#30340;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>Liquidation
Event</B>&rdquo; means, with respect to any Shareholder: (i)&#8239;the dissolution of the Shareholder; (ii)&#8239;a sale, merger, reorganization,
or other transaction or series of connected transactions in which a majority of the voting equity securities of the Shareholder are transferred
to a Person or group of Persons that did not hold a majority of the voting equity securities of the Shareholder immediately prior to
such transaction or series of connected transactions; or (ii</FONT>i)&#8239;the sale, lease, transfer, or other disposition of all or
substantially all of the assets of the Shareholder to a Person or group of Persons that did not hold a majority of the voting equity
securities of the Shareholder immediately prior to such transaction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&#8239;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>&#28165;&#31639;&#20107;&#20214;</B>&rdquo;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#23601;&#20219;&#20309;<B>&#32929;&#19996;</B>&#32780;&#35328;&#65292;&#25351;</FONT>(i)<FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#32929;&#19996;</B>&#35299;&#25955;&#65307;
</FONT>(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20986;&#21806;&#12289;&#21512;&#24182;&#12289;&#37325;&#32452;&#25110;&#20854;&#20182;&#20132;&#26131;&#25110;&#19968;&#31995;&#21015;&#20851;&#32852;&#20132;&#26131;&#65292;&#20854;&#20013;<B>&#32929;&#19996;</B>&#30340;&#22823;&#37096;&#20998;&#26377;&#34920;&#20915;&#26435;&#30340;&#32929;&#26412;&#35777;&#21048;&#36716;&#35753;&#32473;&#35813;&#20132;&#26131;&#25110;&#19968;&#31995;&#21015;&#20851;&#32852;&#20132;&#26131;&#20043;&#21069;&#26410;&#25345;&#26377;<B>&#32929;&#19996;</B>&#22823;&#37096;&#20998;&#26377;&#34920;&#20915;&#26435;&#30340;&#32929;&#26412;&#35777;&#21048;&#30340;<B>&#20154;&#22763;</B>&#25110;<B>&#20154;&#22763;</B>&#38598;&#22242;&#65292;&#25110;
</FONT>(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21521;&#22312;&#35813;&#20132;&#26131;&#20043;&#21069;&#26410;&#25345;&#26377;<B>&#32929;&#19996;</B>&#22823;&#37096;&#20998;&#26377;&#34920;&#20915;&#26435;&#30340;&#32929;&#26412;&#35777;&#21048;&#30340;<B>&#20154;&#22763;</B>&#25110;<B>&#20154;&#22763;</B>&#38598;&#22242;&#20986;&#21806;&#12289;&#20986;&#31199;&#12289;&#36716;&#35753;&#25110;&#20197;&#20854;&#20182;&#26041;&#24335;&#22788;&#32622;<B>&#32929;&#19996;</B>&#30340;&#20840;&#37096;&#25110;&#23454;&#36136;&#20840;&#37096;&#36164;&#20135;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>Non-Confidential
Information</B>&rdquo; has the meaning set forth in Section&#8239;5.2.1(b).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>&#38750;&#20445;&#23494;&#20449;&#24687;</B>&rdquo;&#20855;&#26377;&#31532;</FONT>5.2.1(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#20013;&#25152;&#36848;&#30340;&#21547;&#20041;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>Non-Funding Shareholder</B>&rdquo;
has the meaning set forth in Section&#8239;4.3.5.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>&#38750;&#20986;&#36164;&#32929;&#19996;</B>&rdquo;&#20855;&#26377;&#31532;</FONT>4.3.5<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#20013;&#25152;&#36848;&#30340;&#21547;&#20041;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>Offered Equity Interest</B>&rdquo;
has the meaning set forth in Section&#8239;6.4.2.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>&#35201;&#32422;&#32929;&#26435;</B>&rdquo;&#20855;&#26377;&#31532;</FONT>&#8239;6.4.2.<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#20013;&#25152;&#36848;&#30340;&#21547;&#20041;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>Offeree</B>&rdquo;
has the meaning set forth in Section&#8239;6.4.2.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>&#21463;&#35201;&#26041;</B>&rdquo;&#20855;&#26377;&#31532;</FONT>6.4.2.<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#20013;&#25152;&#36848;&#30340;&#21547;&#20041;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>Offeror</B>&rdquo;
has the meaning set forth in Section&#8239;6.4.2.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>&#35201;&#32422;&#26041;</B>&rdquo;&#20855;&#26377;&#31532;</FONT>6.4.2.<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#20013;&#25152;&#36848;&#30340;&#21547;&#20041;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>Party</B>&rdquo;
and &ldquo;<B>Parties</B>&rdquo; has the meaning set forth in the Preamble.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>&#19968;&#26041;</B>&rdquo;&#21644;&ldquo;<B>&#21508;&#26041;</B>&rdquo;&#20855;&#26377;<B>&#21069;&#35328;</B>&#20013;&#25152;&#36848;&#30340;&#21547;&#20041;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>Permitted Transferee</B>&rdquo;
has the meaning set forth in Section&#8239;6.3.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>&#33719;&#20934;&#21463;&#35753;&#26041;</B>&rdquo;&#20855;&#26377;&#31532;</FONT>6.3.<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#20013;&#25152;&#36848;&#30340;&#21547;&#20041;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>Person</B>&rdquo;
means any natural person, corporation, joint venture, partnership, limited liability partnership, limited partnership, limited liability
limited partnership, limited liability company, trust, estate, business trust, association, governmental authority or other entity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&ldquo;</FONT><B>&#20154;&#22763;</B>&rdquo;&#26159;&#25351;&#20219;&#20309;&#33258;&#28982;&#20154;&#12289;&#20844;&#21496;&#12289;&#21512;&#36164;&#12289;&#21512;&#20249;&#12289;&#26377;&#38480;&#36131;&#20219;&#21512;&#20249;&#12289;&#26377;&#38480;&#21512;&#20249;&#12289;&#26377;&#38480;&#36131;&#20219;&#26377;&#38480;&#21512;&#20249;&#12289;&#26377;&#38480;&#36131;&#20219;&#20844;&#21496;&#12289;&#20449;&#25176;&#12289;&#36951;&#20135;&#12289;&#21830;&#19994;&#20449;&#25176;&#12289;&#21327;&#20250;&#12289;&#25919;&#24220;&#26426;&#20851;&#25110;&#20854;&#20182;&#23454;&#20307;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>PRC</B>&rdquo; means
the People&rsquo;s Republic of China.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>&#20013;&#22269;</B>&rdquo;&#25351;&#20013;&#21326;&#20154;&#27665;&#20849;&#21644;&#22269;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>PRC GAAP</B>&rdquo;
means the generally accepted accounting principles of the PRC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>&#20013;&#22269;&#36890;&#29992;&#20250;&#35745;&#20934;&#21017;</B>&rdquo;&#25351;&#20013;&#22269;&#36890;&#29992;&#20250;&#35745;&#20934;&#21017;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>Pre-Completion Period</B>&rdquo;
has the meaning set forth in Section&#8239;2.1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>&#20132;&#21106;&#21069;&#26399;&#38388;</B>&rdquo;&#20855;&#26377;&#31532;</FONT>&#8239;2.1<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#20013;&#25152;&#36848;&#30340;&#21547;&#20041;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>Purchase Agreement</B>&rdquo;
has the meaning set forth in the Recitals.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>&#36141;&#20080;&#21327;&#35758;</B>&rdquo;&#20855;&#26377;<B>&#21069;&#35328;</B>&#20013;&#25152;&#36848;&#30340;&#21547;&#20041;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>Quarterly Report</B>&rdquo;
has the meaning set forth in Section&#8239;5.1.2(a).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>&#23395;&#24230;&#25253;&#21578;</B>&rdquo;&#20855;&#26377;&#31532;</FONT>&#8239;5.1.2(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#20013;&#25152;&#36848;&#30340;&#21547;&#20041;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>Receiving Party</B>&rdquo;
has the meaning set forth in Section&#8239;5.2.1(a).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>&#25509;&#25910;&#26041;</B>&rdquo;&#20855;&#26377;&#31532;</FONT>&#8239;5.1.2(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#20013;&#25152;&#36848;&#30340;&#21547;&#20041;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>Representatives</B>&rdquo;
has the meaning set forth in Section&#8239;5.2.2(a)(i).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>&#20195;&#34920;</B>&rdquo;&#20855;&#26377;&#31532;</FONT>&#8239;5.2.2(a)(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#20013;&#25152;&#36848;&#30340;&#21547;&#20041;</FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>ROFR</B>&rdquo; has
the meaning set forth in Section&#8239;6.4.1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>ROFR</B>&rdquo;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20855;&#26377;&#31532;</FONT>6.4.1.<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#20013;&#25152;&#36848;&#30340;&#21547;&#20041;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>Sanctioned Country</B>&rdquo;
means, at any time, a country, region or territory that is, or whose government is, the subject or target of any comprehensive Sanctions,
including, without limitation, Crimea, Cuba,&#8239;Iran, North Korea and Syria.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>&#21463;&#21046;&#35009;&#22269;&#23478;</B>&rdquo;&#25351;&#22312;&#20219;&#20309;&#26102;&#20505;&#20316;&#20026;&#25110;&#20854;&#25919;&#24220;&#20316;&#20026;&#20219;&#20309;&#20840;&#38754;<B>&#21046;&#35009;</B>&#30340;&#23545;&#35937;&#25110;&#30446;&#26631;&#30340;&#22269;&#23478;&#12289;&#22320;&#21306;&#25110;&#21306;&#22495;&#65292;&#21253;&#25324;&#20294;&#19981;&#38480;&#20110;&#20811;&#37324;&#31859;&#20122;&#12289;&#21476;&#24052;&#12289;&#20234;&#26391;&#12289;&#26397;&#40092;&#21644;&#21465;&#21033;&#20122;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>Sanctioned Person</B>&rdquo;
means, at any time, (a)&#8239;any Person that is the subject or target of any Sanctions by being identified on any Sanctions-related
list, (b)&#8239;any Person located, organized, operating or resident in a Sanctioned Country or (c)&#8239;any Person Controlled by any
such Person described in (a)&#8239;and (b).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>&#21463;&#21046;&#35009;&#20154;&#22763;</B>&rdquo;&#25351;&#22312;&#20219;&#20309;&#26102;&#20505;&#65292;</FONT>(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#22240;&#34987;&#21015;&#20837;&#20219;&#20309;<B>&#21046;&#35009;</B>&#30456;&#20851;&#21517;&#21333;&#32780;&#25104;&#20026;&#20219;&#20309;<B>&#21046;&#35009;</B>&#23545;&#35937;&#25110;&#30446;&#26631;&#30340;&#20219;&#20309;<B>&#20154;&#22763;</B>&#65292;</FONT>(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20301;&#20110;&#12289;&#32452;&#24314;&#12289;&#36816;&#33829;&#25110;&#23621;&#20303;&#22312;&#21463;<B>&#21046;&#35009;</B>&#22269;&#23478;&#30340;&#20219;&#20309;<B>&#20154;&#22763;</B>&#65292;&#25110;</FONT>(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20219;&#20309;&#30001;</FONT>(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21644;</FONT>(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#39033;&#25152;&#36848;<B>&#20154;&#22763;</B>&#25511;&#21046;&#30340;&#20219;&#20309;<B>&#20154;&#22763;</B>&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>Sanctions</B>&rdquo;
shall mean economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by (a)&#8239;the U.S.
government, including those administered by OFAC or the U.S. Department of State, or (b)&#8239;the United Nations Security Council, the
European Union or His Majesty&rsquo;s Treasury of the United Kingdom</FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&#8239;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>&#21046;&#35009;</B>&rdquo;&#25351;&#65306;</FONT>(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#25919;&#24220;&#65292;&#21253;&#25324;&#32654;&#22269;&#36130;&#25919;&#37096;&#28023;&#22806;&#36164;&#20135;&#25511;&#21046;&#21150;&#20844;&#23460;&#25110;&#32654;&#22269;&#22269;&#21153;&#38498;&#65292;&#25110;</FONT>(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32852;&#21512;&#22269;&#23433;&#29702;&#20250;&#12289;&#27431;&#30431;&#25110;&#33521;&#22269;&#36130;&#25919;&#37096;&#19981;&#26102;&#26045;&#21152;&#12289;&#31649;&#29702;&#25110;&#25191;&#34892;&#30340;&#32463;&#27982;&#25110;&#37329;&#34701;&#21046;&#35009;&#25110;&#36152;&#26131;&#31105;&#36816;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>Secretary</B>&rdquo;
means the secretary of the Board.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>&#33891;&#20107;&#20250;&#31192;&#20070;</B>&rdquo;&#25351;&#33891;&#20107;&#20250;&#31192;&#20070;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>Shareholder</B>&rdquo;
and &ldquo;<B>Shareholders</B>&rdquo; means, as of the Effective Date, VRB Cayman, and, as of the Control Acquisition Date, each of VRB
Cayman and CES and their respective Permitted Transferees, and any other Person that becomes a holder of an Equity Interest and joins
and becomes a party to this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>&#32929;&#19996;</B>&rdquo;&#25130;&#33267;<B>&#29983;&#25928;&#26085;</B>&#65292;&#25351;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#65307;&#25130;&#33267;<B>&#25511;&#21046;&#26435;&#21462;&#24471;&#26085;</B>&#65292;&#25351;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#21644;
 &#20013;&#33021;&#20648;&#21450;&#20854;&#21508;&#33258;&#30340;<B>&#33719;&#20934;&#21463;&#35753;&#26041;</B>&#65292;&#20197;&#21450;&#25104;&#20026;<B>&#32929;&#26435;</B>&#25345;&#26377;&#20154;&#24182;&#21152;&#20837;&#21644;&#25104;&#20026;&#26412;<B>&#21327;&#35758;</B>&#19968;&#26041;&#30340;&#20219;&#20309;&#20854;&#20182;<B>&#20154;&#22763;</B>&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>Shareholder Loan</B>&rdquo;
has the meaning set forth in Section&#8239;4.3.1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>&#32929;&#19996;&#36151;&#27454;</B>&rdquo;&#20855;&#26377;&#31532;</FONT>&#8239;4.3.1<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#20013;&#25152;&#36848;&#30340;&#21547;&#20041;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>Subject Party</B>&rdquo;
has the meaning set forth in Section&#8239;5.2.1(a).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>&#26631;&#30340;&#26041;</B>&rdquo;&#20855;&#26377;&#31532;</FONT>&#8239;5.2.1(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#20013;&#25152;&#36848;&#30340;&#21547;&#20041;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>Tag-Along Sale</B>&rdquo;
has the meaning set forth in Section&#8239;6.5.1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>&#38543;&#21806;&#26435;&#20986;&#21806;</B>&rdquo;&#20855;&#26377;&#31532;</FONT>6.5.1.<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#20013;&#25152;&#36848;&#30340;&#21547;&#20041;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>Tax</B>&rdquo; or
 &ldquo;<B>Taxes</B>&rdquo; means all foreign, federal, state, provincial, national, local and other taxes, fees, levies, duties and other
assessments or charges of whatever kind (including zakat, income, excise, customs duties, tariffs, stamp, transfer, property, occupancy,
value added, use, real estate, sales, payroll, gains, gross receipts, withholding and mining royalties or severance or other fees) together
with any commission, penalties, or additions payable in connection with such taxes, fees, levies, duties or other assessments or charges
imposed or collected by a Governmental Authority whether directly or primarily charged against, recoverable from or attributable to any
person;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&ldquo;<B>&#31246;&#36153;</B>&rdquo;&#25110;&ldquo;<B>&#31246;</B>&rdquo;&#25351;&#25152;&#26377;&#22806;&#22269;&#12289;&#32852;&#37030;&#12289;&#24030;&#12289;&#30465;&#12289;&#22269;&#23478;&#12289;&#22320;&#26041;&#21644;&#20854;&#20182;&#31246;&#27454;&#12289;&#36153;&#29992;&#12289;&#24449;&#31246;&#12289;&#20851;&#31246;&#21644;&#20854;&#20182;&#20219;&#20309;&#31181;&#31867;&#30340;&#35780;&#20272;&#25110;&#25910;&#36153;&#65288;&#21253;&#25324;&#25166;&#21345;&#29305;&#31246;&#12289;&#25152;&#24471;&#31246;&#12289;
</FONT>&#28040;&#36153;&#31246;&#12289;&#20851;&#31246;&#12289;&#20851;&#31246;&#12289;&#21360;&#33457;&#31246;&#12289;&#36716;&#35753;&#31246;&#12289;&#36130;&#20135;&#31246;&#12289;&#21344;&#29992;&#31246;&#12289;&#22686;&#20540;&#31246;&#12289;
 &#20351;&#29992;&#31246;&#12289;&#19981;&#21160;&#20135;&#31246;&#12289;&#38144;&#21806;&#31246;&#12289;&#24037;&#36164;&#31246;&#12289;&#25910;&#30410;&#31246;&#12289;&#24635;&#25910;&#20837;&#31246;&#12289;&#39044;&#25552;&#31246;&#12289;
 &#37319;&#30719;&#29305;&#35768;&#26435;&#20351;&#29992;&#36153;&#25110;&#26512;&#20135;&#36153;&#25110;&#20854;&#20182;&#36153;&#29992;&#65289;&#65292;&#20197;&#21450;<B>&#25919;&#24220;&#26426;&#20851;</B>&#24449;&#25910;&#30340;&#19982;&#19978;&#36848;&#31246;&#27454;&#12289;&#36153;&#29992;&#12289;&#24449;&#31246;&#12289;&#20851;&#31246;&#25110;&#20854;&#20182;&#35780;&#20272;&#25110;&#25910;&#36153;&#26377;&#20851;&#30340;&#20219;&#20309;&#20323;&#37329;&#12289;&#32602;&#37329;&#25110;&#38468;&#21152;&#24212;&#25910;&#27454;&#65292;&#26080;&#35770;&#20854;&#30452;&#25509;&#25110;&#20027;&#35201;&#26159;&#21521;&#20219;&#20309;&#20154;&#25910;&#21462;&#12289;&#21487;&#21521;&#20219;&#20309;&#20154;&#36861;&#35752;&#25110;&#24402;&#23646;&#20110;&#20219;&#20309;&#20154;&#65307;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&#8239;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>Target Equity</B>&rdquo;
has the meaning set forth in the Recitals.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>&#30446;&#26631;&#32929;&#26435;</B>&rdquo;&#20855;&#26377;<B>&#21069;&#35328;</B>&#20013;&#25152;&#36848;&#30340;&#21547;&#20041;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>Transition Plan</B>&rdquo;
means that certain plan for transition of the Business of even date herewith by and among VRB China, VRB Cayman, VRB USA, and CES, a
copy of which is attached hereto as Exhibit&#8239;B.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>&#36807;&#28193;&#35745;&#21010;</B>&rdquo;&#25351;&#30001;
</FONT>VRB <FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#12289;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#12289;
</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#21644;&#20013;&#33021;&#20648;&#20110;&#26412;<B>&#21327;&#35758;</B>&#31614;&#32626;&#26085;&#31614;&#32626;&#30340;<B>&#19994;&#21153;</B>&#36807;&#28193;&#35745;&#21010;&#65292;&#38468;&#20110;&#26412;<B>&#21327;&#35758;&#38468;&#20214;</B></FONT>B<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>Unfunded Amount</B>&rdquo;
has the meaning set forth in Section&#8239;4.3.5.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B>&#26410;&#20986;&#36164;&#37329;&#39069;</B>&rdquo;&#20855;&#26377;&#31532;</FONT>4.3.5<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#20013;&#25152;&#36848;&#30340;&#21547;&#20041;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>VRB Cayman</B>&rdquo;
has the meaning set forth in the Preamble.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;</FONT><B>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif">&rdquo;&#20855;&#26377;<B>&#21069;&#35328;</B>&#20013;&#25152;&#36848;&#30340;&#21547;&#20041;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>VRB Cayman/USA Areas</B>&rdquo;
means the jurisdictions assigned to VRB Cayman or VRB USA as required and provided in the Cooperation Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;</FONT><B>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;</FONT>/<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#21306;&#22495;</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif">&rdquo;&#25351;&#26681;&#25454;&#12298;&#21512;&#20316;&#21327;&#35758;&#12299;&#30340;&#35201;&#27714;&#21644;&#35268;&#23450;&#20998;&#37197;&#32473;
</FONT>VRB <FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#25110;</FONT> VRB <FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#30340;&#36758;&#21306;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>VRB Cayman Director</B>&rdquo;
and &ldquo;<B>VRB Cayman Directors</B>&rdquo; have the meaning set forth in Section&#8239;3.3.4(a).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;</FONT><B>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#33891;&#20107;</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif">&rdquo;&#20855;&#26377;&#31532;</FONT>3.3.4(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#20013;&#25152;&#36848;&#30340;&#21547;&#20041;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>VRB China</B>&rdquo;
has the meaning set forth in Preamble.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;</FONT><B>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif">&rdquo;&#20855;&#26377;<B>&#21069;&#35328;</B>&#20013;&#25152;&#36848;&#30340;&#21547;&#20041;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>VRB China Areas</B>&rdquo;
means the jurisdictions assigned to VRB China as required and provided in the Cooperation Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;</FONT><B>VRB&#20013;&#22269;&#21306;&#22495;&rdquo;&#25351;&#26681;&#25454;&#12298;&#21512;&#20316;&#21327;&#35758;&#12299;&#30340;&#35201;&#27714;&#21644;&#35268;&#23450;&#20998;&#37197;&#32473;
VRB&#20013;&#22269;&#30340;&#36758;&#21306;&#12290;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>VRB China Governing
Documents</B>&rdquo; means the VRB China Joint Venture Agreements and the VRB China Organizational Documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;</FONT><B>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#27835;&#29702;&#25991;&#20214;</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif">&rdquo;&#25351;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#21512;&#36164;&#21327;&#35758;&#21644;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#35774;&#31435;&#25991;&#20214;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>VRB China Joint Venture
Agreements</B>&rdquo; means this Agreement, the Cooperation Agreement, and the Transition Plan, as they exist as of the Effective Date
and as they may be subsequently amended or restated in accordance with the terms thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;</FONT><B>VRB<FONT STYLE="font-size: 10pt">&#20013;&#22269;&#21512;&#36164;&#21327;&#35758;</FONT>&rdquo;&#25351;&#25130;&#33267;&#29983;&#25928;&#26085;&#19994;&#24050;&#23384;&#22312;&#30340;&#26412;&#21327;&#35758;&#12289;&#12298;&#21512;&#20316;&#21327;&#35758;&#12299;&#21644;&#12298;&#36807;&#28193;&#35745;&#21010;&#12299;&#65292;&#20197;&#21450;&#38543;&#21518;&#21487;&#33021;&#26681;&#25454;&#20854;&#26465;&#27454;&#36827;&#34892;&#30340;&#20462;&#35746;&#29256;&#25110;&#37325;&#36848;&#29256;&#12290;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>VRB China Organizational
Documents</B>&rdquo; means the Articles of Association of VRB China, as they exist as of the Effective Date, and as they may be subsequently
amended or restated in accordance with Law, the terms thereof, and the terms of this Agreement and the Purchase Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;</FONT><B>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#35774;&#31435;&#25991;&#20214;</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif">&rdquo;&#25351;&#25130;&#33267;<B>&#29983;&#25928;&#26085;</B>&#19994;&#24050;&#23384;&#22312;&#30340;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#30340;&#31456;&#31243;&#65292;&#20197;&#21450;&#38543;&#21518;&#21487;&#33021;&#26681;&#25454;&#27861;&#24459;&#12289;&#31456;&#31243;&#26465;&#27454;&#12289;&#26412;<B>&#21327;&#35758;</B>&#26465;&#27454;&#21644;&#36141;&#20080;&#21327;&#35758;&#36827;&#34892;&#30340;&#20462;&#35746;&#29256;&#25110;&#37325;&#36848;&#29256;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<B>VRB USA</B>&rdquo;
means VRB Energy USA,&#8239;Inc., a Delaware corporation and wholly-owned subsidiary of VRB Cayman as of the Effective Date, and any
successor or assignee thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;</FONT><B>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif">&rdquo;&#25351;</FONT>VRB
Energy USA,&#8239;Inc.<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65292;&#19968;&#23478;&#29305;&#25289;&#21326;&#20844;&#21496;&#65292;&#20197;&#21450;&#25130;&#33267;<B>&#29983;&#25928;&#26085;
</B></FONT>VRB <FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#30340;&#20840;&#36164;&#23376;&#20844;&#21496;&#65292;&#21450;&#20854;&#20219;&#20309;&#32487;&#20219;&#20154;&#25110;&#21463;&#35753;&#20154;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>1.2&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Interpretation.
</B>In interpreting this Agreement, except as otherwise indicated in this Agreement or as the context may otherwise require, (a)&#8239;the
words &ldquo;include,&rdquo; &ldquo;includes,&rdquo; and &ldquo;including&rdquo; are deemed to be followed by &ldquo;without limitation&rdquo;
whether or not they are in fact followed by those words or words of similar import, (b)&#8239;the words &ldquo;hereof,&rdquo; &ldquo;herein,&rdquo;
 &ldquo;hereunder,&rdquo; and comparable terms refer to the entirety of this Agreement, including any Appendix or Exhibits, and not to
any particular Article, Section, or other subdivision of this Agreement or Appendix or Exhibit&#8239;to this Agreement, (c)&#8239;any
pronoun shall include the corresponding masculine, feminine, and neuter forms, (d)&#8239;the singular includes the plural and vice versa,
(e)&#8239;references to any agreement (including this Agreement) or other document are to the agreement or document as amended, modified,
supplemented, and restated now or from time to time in the future, (f)&#8239;references to any Law are to it as amended, modified, supplemented,
and restated now or from time to time in the future, and to any corresponding provisions of successor Laws, (g)&#8239;except as otherwise
expressly provided in this Agreement, references to an &ldquo;Article,&rdquo; &ldquo;Section,&rdquo; &ldquo;preamble,&rdquo; &ldquo;recital,&rdquo;
or another subdivision, or to the &ldquo;Appendix&rdquo; or an &ldquo;Exhibit,&rdquo; are to an Article, Section, preamble, recital or
subdivision of this Agreement, or to the &ldquo;Appendix&rdquo; or an &ldquo;Exhibit&rdquo; to this Agreement, (h)&#8239;references to
any Person include the Person&rsquo;s respective successors and permitted assigns, (i)&#8239;references to &ldquo;dollars&rdquo; or &ldquo;$&rdquo;
shall mean the lawful currency of the United States of America and references to &ldquo;RMB&rdquo; or &ldquo;&yen;&rdquo; shall mean
the lawful currency of the PRC, (j)&#8239;references to a &ldquo;day&rdquo; or number of &ldquo;days&rdquo; (without the explicit qualification
of &ldquo;Business&rdquo;) refer to a calendar day or number of calendar days, (k)&#8239;if interest is to be computed under this Agreement,
it shall be computed on the basis of a 360-day year of twelve 30-day months, (l)&#8239;if any action or notice is to be taken or given
on or by a particular calendar day, and the calendar day is not a Business Day, then the action or notice may be taken or given on the
next succeeding Business Day, and (m)&#8239;any financial or accounting terms that are not otherwise defined herein shall have the meanings
given under PRC GAAP.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#37322;&#20041;</B></FONT><B>.&#9;&#8239;&#8239;&#8239;&#8239;&#8239;</B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#22312;&#35299;&#37322;&#26412;&#21327;&#35758;&#26102;&#65292;&#38500;&#38750;&#26412;&#21327;&#35758;&#21478;&#26377;&#35828;&#26126;&#25110;&#19978;&#19979;&#25991;&#21478;&#26377;&#35201;&#27714;&#65292;&#65288;</FONT>a<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&ldquo;&#21253;&#25324;&rdquo;&#19968;&#35789;&#34987;&#35270;&#20026;&#21518;&#38754;&#36319;&#30528;&ldquo;&#20294;&#19981;&#38480;&#20110;&rdquo;&#65292;&#26080;&#35770;&#23427;&#20204;&#26159;&#21542;&#23454;&#38469;&#19978;&#21518;&#38754;&#36319;&#30528;&#20855;&#26377;&#31867;&#20284;&#21547;&#20041;&#30340;&#35789;&#35821;&#65292;&#65288;</FONT>b<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&ldquo;&#26412;&#21327;&#35758;&rdquo;&#12289;&ldquo;&#26412;&#21327;&#35758;&#20013;&rdquo;&#12289;&ldquo;&#26681;&#25454;&#26412;&#21327;&#35758;&rdquo;&#21644;&#31867;&#20284;&#26415;&#35821;&#26159;&#25351;&#26412;&#21327;&#35758;&#30340;&#20840;&#37096;&#20869;&#23481;&#65292;&#21253;&#25324;&#20219;&#20309;&#38468;&#24405;&#25110;&#38468;&#20214;&#65292;&#32780;&#19981;&#26159;&#25351;&#26412;&#21327;&#35758;&#25110;&#26412;&#21327;&#35758;&#38468;&#24405;&#25110;&#38468;&#20214;&#30340;&#20219;&#20309;&#29305;&#23450;&#26465;&#27454;&#12289;&#31456;&#33410;&#25110;&#20854;&#20182;&#32454;&#20998;&#65292;&#65288;</FONT>c<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#20219;&#20309;&#20195;&#21517;&#35789;&#24212;&#21253;&#25324;&#30456;&#24212;&#30340;&#38451;&#24615;&#12289;&#38452;&#24615;&#21644;&#20013;&#24615;&#24418;&#24335;&#65292;&#65288;</FONT>d<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#21333;&#25968;&#21253;&#25324;&#22797;&#25968;&#21453;&#20043;&#20134;&#28982;&#65292;&#65288;</FONT>e<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#25552;&#21450;&#20219;&#20309;&#21327;&#35758;&#65288;&#21253;&#25324;&#26412;&#21327;&#35758;&#65289;&#25110;&#20854;&#20182;&#25991;&#20214;&#26159;&#25351;&#29616;&#22312;&#25110;&#23558;&#26469;&#19981;&#26102;&#20462;&#35746;&#12289;&#20462;&#25913;&#12289;&#34917;&#20805;&#21644;&#37325;&#30003;&#30340;&#21327;&#35758;&#25110;&#25991;&#20214;&#65292;&#24182;&#22312;&#29616;&#22312;&#25110;&#23558;&#26469;&#19981;&#26102;&#37325;&#30003;&#65292;&#20197;&#21450;&#32487;&#25215;&#27861;&#24459;&#30340;&#20219;&#20309;&#30456;&#24212;&#35268;&#23450;&#65292;&#65288;</FONT>g<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#38500;&#38750;&#26412;&#21327;&#35758;&#21478;&#26377;&#26126;&#30830;&#35268;&#23450;&#65292;&#21542;&#21017;&#25552;&#21450;&ldquo;&#26465;&rdquo;&#12289;&ldquo;&#33410;&rdquo;&#12289;&ldquo;&#21069;&#35328;&rdquo;&#25110;&#20854;&#20182;&#32454;&#20998;&#65292;&#25110;&ldquo;&#38468;&#24405;&rdquo;&#25110;&ldquo;&#38468;&#20214;&rdquo;&#65292;&#22343;&#25351;&#26412;&#21327;&#35758;&#30340;&#26465;&#27454;&#12289;&#31456;&#33410;&#12289;&#21069;&#35328;&#25110;&#32454;&#39033;&#65292;&#25110;&#26412;&#21327;&#35758;&#30340;&ldquo;&#38468;&#24405;&rdquo;&#21644;&ldquo;&#38468;&#20214;&rdquo;&#65307;&#65288;</FONT>h<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#25552;&#21450;&#20219;&#20309;&#20154;&#22763;&#21253;&#25324;&#35813;&#20154;&#22763;&#21508;&#33258;&#30340;&#32487;&#25215;&#20154;&#21644;&#35768;&#21487;&#21463;&#35753;&#20154;&#65307;&#65288;</FONT>i<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#25552;&#21450;&ldquo;&#32654;&#20803;&rdquo;&#25110;&ldquo;</FONT>$&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24212;&#25351;&#32654;&#22269;&#30340;&#27861;&#23450;&#36135;&#24065;&#65292;&#25552;&#21450;&ldquo;&#20154;&#27665;&#24065;&rdquo;&#25110;&ldquo;</FONT>&yen;
<FONT STYLE="font-family: Times New Roman, Times, Serif">&rdquo;&#26159;&#25351;&#20013;&#22269;&#30340;&#27861;&#23450;&#36135;&#24065;&#65292;&#65288;</FONT>j<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#25552;&#21450;&ldquo;&#26085;&rdquo;&#25110;&ldquo;&#22825;&rdquo;&#65288;&#19981;&#26126;&#30830;&#38480;&#23450;&#20026;&ldquo;&#24037;&#20316;&rdquo;&#65289;&#26159;&#25351;&#26085;&#21382;&#26085;&#25110;&#26085;&#21382;&#22825;&#25968;&#65292;&#65288;</FONT>k<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#22914;&#26524;&#26681;&#25454;&#26412;&#21327;&#35758;&#35745;&#31639;&#21033;&#24687;&#65292;&#24212;&#25353;&#19968;&#24180;</FONT>360<FONT STYLE="font-family: Times New Roman, Times, Serif">&#22825;&#65292;&#21363;</FONT>12<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20010;</FONT>30<FONT STYLE="font-family: Times New Roman, Times, Serif">&#22825;&#30340;&#26376;&#35745;&#31639;&#65292;&#65288;</FONT>l<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#22914;&#26524;&#22312;&#29305;&#23450;&#26085;&#21382;&#26085;&#25110;&#20043;&#21069;&#37319;&#21462;&#25110;&#21457;&#20986;&#20219;&#20309;&#34892;&#21160;&#25110;&#36890;&#30693;&#65292;&#32780;&#35813;&#26085;&#21382;&#26085;&#19981;&#26159;&#24037;&#20316;&#26085;&#65292;&#21017;&#35813;&#34892;&#21160;&#25110;&#36890;&#30693;&#21487;&#22312;&#19979;&#19968;&#20010;&#24037;&#20316;&#26085;&#37319;&#21462;&#25110;&#21457;&#20986;&#65292;&#24182;&#19988;&#65288;</FONT>m<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#26412;&#21327;&#35758;&#20013;&#26410;&#21478;&#34892;&#23450;&#20041;&#30340;&#20219;&#20309;&#36130;&#21153;&#25110;&#20250;&#35745;&#26415;&#35821;&#24212;&#20855;&#26377;&#20013;&#22269;&#36890;&#29992;&#20250;&#35745;&#20934;&#21017;&#35268;&#23450;&#30340;&#21547;&#20041;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>1.3&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Conflict.
</B>In the event of any conflict between the terms or provisions of this Agreement and the terms or provisions of any other VRB China
Governing Document, the terms or provisions of this Agreement shall control and prevail except (i)&#8239;the more specific terms or provisions
of any other VRB China Governing Document, if any, shall control and prevail, or (ii)&#8239;as otherwise as required by Law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#20914;&#31361;</B></FONT><B>.
</B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#22914;&#26524;&#26412;&#21327;&#35758;&#26465;&#27454;&#25110;&#35268;&#23450;&#19982;&#20219;&#20309;&#20854;&#20182;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#27835;&#29702;&#25991;&#20214;&#30340;&#26465;&#27454;&#25110;&#35268;&#23450;&#20043;&#38388;&#23384;&#22312;&#20219;&#20309;&#20914;&#31361;&#65292;&#21017;&#24212;&#20197;&#26412;&#21327;&#35758;&#26465;&#27454;&#20026;&#20934;&#65292;&#20294;&#20197;&#19979;&#24773;&#20917;&#38500;&#22806;&#65306;&#65288;</FONT>i<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#24212;&#20197;&#20219;&#20309;&#20854;&#20182;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#27835;&#29702;&#25991;&#20214;&#65288;&#22914;&#26377;&#65289;&#30340;&#26356;&#20855;&#20307;&#26465;&#27454;&#25110;&#35268;&#23450;&#20026;&#20934;&#65292;&#25110;&#65288;</FONT>ii<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#27861;&#24459;&#21478;&#26377;&#35201;&#27714;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>1.4&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Equity
Interests Covered by this Agreement. </B>This Agreement shall apply to all Equity Interests that are now or hereafter (i)&#8239;registered
in VRB China&rsquo;s records in the name of a Shareholder, (ii)&#8239;Controlled by a Shareholder, or (iii)&#8239;beneficially owned
by a Shareholder or any Permitted Transferee of a Shareholder. This Agreement shall apply to any options, warrants, conversion privileges,
and any other share rights directly, indirectly, or beneficially owned by a Shareholder in VRB China. If after the Effective Date, any
Equity Interests or other securities (other than any equity interests or securities of another Person issued to VRB China&rsquo;s Shareholders
pursuant to a plan of merger) are issued on, in exchange for, or in connection with any of the Equity Interests by reason of any stock
dividend, stock split, reverse stock split, merger, consolidation, combination, reorganization, reclassification, recapitalization, or
other share transaction involving VRB China, such Equity Interests or other securities shall be deemed to be covered as Equity Interests
for purposes of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#26412;&#21327;&#35758;&#28085;&#30422;&#30340;&#32929;&#26435;</B></FONT><B>.
</B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#21327;&#35758;&#36866;&#29992;&#20110;&#29616;&#22312;&#25110;&#20197;&#21518;&#65288;</FONT>i<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#20197;&#32929;&#19996;&#21517;&#20041;&#22312;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#35760;&#24405;&#20013;&#30331;&#35760;&#30340;&#25152;&#26377;&#32929;&#26435;&#65292;&#65288;</FONT>ii<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#30001;&#32929;&#19996;&#25511;&#21046;&#30340;&#32929;&#26435;&#65292;&#25110;&#65288;</FONT>iii<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#32929;&#19996;&#25110;&#32929;&#19996;&#30340;&#20219;&#20309;&#35768;&#21487;&#21463;&#35753;&#20154;&#23454;&#30410;&#25317;&#26377;&#30340;&#32929;&#26435;&#12290;&#26412;&#21327;&#35758;&#36866;&#29992;&#20110;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#32929;&#19996;&#30452;&#25509;&#12289;&#38388;&#25509;&#25110;&#23454;&#30410;&#25317;&#26377;&#30340;&#20219;&#20309;&#26399;&#26435;&#12289;&#35748;&#32929;&#26435;&#35777;&#12289;&#36716;&#25442;&#29305;&#26435;&#21644;&#20219;&#20309;&#20854;&#20182;&#32929;&#26435;&#12290;&#22914;&#26524;&#22312;&#29983;&#25928;&#26085;&#21518;&#65292;&#30001;&#20110;&#20219;&#20309;&#32929;&#31080;&#32929;&#24687;&#12289;&#32929;&#31080;&#20998;&#21106;&#12289;&#21453;&#21521;&#32929;&#31080;&#20998;&#21106;&#12289;&#21512;&#24182;&#12289;&#20860;&#24182;&#12289;&#21512;&#24182;&#12289;&#37325;&#32452;&#12289;&#37325;&#26032;&#20998;&#31867;&#12289;&#36164;&#26412;&#37325;&#32452;&#25110;&#28041;&#21450;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#30340;&#20854;&#20182;&#32929;&#31080;&#20132;&#26131;&#65292;&#22312;&#20219;&#20309;&#32929;&#26435;&#19978;&#21457;&#34892;&#20219;&#20309;&#32929;&#26435;&#25110;&#20854;&#20182;&#35777;&#21048;&#65288;&#26681;&#25454;&#21512;&#24182;&#35745;&#21010;&#21521;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#32929;&#19996;&#21457;&#34892;&#30340;&#20219;&#20309;&#32929;&#26435;&#25110;&#35777;&#21048;&#38500;&#22806;&#65289;&#65292;&#20197;&#25442;&#21462;&#20219;&#20309;&#32929;&#26435;&#25110;&#19982;&#20219;&#20309;&#32929;&#26435;&#30456;&#20851;&#30340;&#35777;&#21048;&#65292;&#21017;&#23601;&#26412;&#21327;&#35758;&#32780;&#35328;&#65292;&#27492;&#31867;&#32929;&#26435;&#25110;&#20854;&#20182;&#20538;&#21048;&#24212;&#34987;&#35270;&#20026;&#21253;&#21547;&#22312;&#32929;&#26435;&#33539;&#22260;&#20869;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>Article&#8239;2</B></FONT><B><FONT STYLE="text-transform: uppercase"><BR>
PRE-COMPLETION GOVERNANCE AND OPERATIONS<BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#31532;&#20108;&#26465;</FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20132;&#21106;&#21069;&#27835;&#29702;&#21644;&#36816;&#33829;</FONT></FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2.1&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>VRB
Cayman Control. </B>During the time period from the Effective Date until the Control Acquisition Date (the &ldquo;<B>Pre-Completion Period</B>&rdquo;),
VRB China shall remain a wholly-owned subsidiary of VRB Cayman and shall continue to be governed by the directors, supervisors and officers
of VRB China as they are constituted on the Effective Date in accordance with Law and the VRB China Organizational Documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>VRB
</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#25511;&#21046;</FONT>. </B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#29983;&#25928;&#26085;&#36215;&#33267;&#25511;&#21046;&#26435;&#21462;&#24471;&#26085;&#27490;&#30340;&#26399;&#38388;&#65288;&ldquo;&#20132;&#21106;&#21069;&#26399;&#38388;&rdquo;&#65289;&#65292;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#24212;&#32487;&#32493;&#20316;&#20026;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#30340;&#20840;&#36164;&#23376;&#20844;&#21496;&#65292;&#24182;&#24212;&#32487;&#32493;&#21463;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#33891;&#20107;&#12289;&#30417;&#20107;&#21644;&#39640;&#32423;&#32844;&#21592;&#30340;&#31649;&#36758;&#65292;&#22240;&#20026;&#20182;&#20204;&#26159;&#22312;&#29983;&#25928;&#26085;&#26681;&#25454;&#27861;&#24459;&#21644;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#35774;&#31435;&#25991;&#20214;&#32452;&#25104;&#30340;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2.2&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Pre-Completion
Covenants and Obligations. </B>Notwithstanding VRB Cayman&rsquo;s control of VRB China during the Pre-Completion Period, the Parties
acknowledge, understand, and agree that they shall uphold the covenants and fulfill the obligations set forth in the Purchase Agreement
and work together in good faith to transition and operate the Business as contemplated in the Transition Plan and the Cooperation Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#20132;&#21106;&#21069;&#25215;&#35834;&#21644;&#20041;&#21153;
</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#23613;&#31649;</FONT> VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#22312;&#20132;&#21106;&#21069;&#26399;&#38388;&#23545;
</FONT>VRB <FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#25317;&#26377;&#25511;&#21046;&#26435;&#65292;&#20294;&#21508;&#26041;&#25215;&#35748;&#12289;&#29702;&#35299;&#24182;&#21516;&#24847;&#65292;&#20182;&#20204;&#24212;&#36981;&#23432;&#36141;&#20080;&#21327;&#35758;&#20013;&#35268;&#23450;&#30340;&#22865;&#32422;&#21644;&#23653;&#34892;&#36141;&#20080;&#21327;&#35758;&#20013;&#35268;&#23450;&#30340;&#20041;&#21153;&#65292;&#24182;&#30495;&#35802;&#21512;&#20316;&#65292;&#25353;&#29031;&#12298;&#36807;&#28193;&#35745;&#21010;&#12299;&#21644;&#12298;&#21512;&#20316;&#21327;&#35758;&#12299;&#30340;&#32422;&#23450;&#36807;&#28193;&#21644;&#36816;&#33829;&#19994;&#21153;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2.3&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Application
of Agreement in Pre-Completion Period. </B>During the Pre-Completion Period, notwithstanding VRB Cayman&rsquo;s control of VRB China
and in addition to the covenants and obligations set forth in the Purchase Agreement and the terms of the Transition Plan and Cooperation
Agreement, neither VRB China nor VRB Cayman as the sole Shareholder of VRB China shall take, or permit any of their respective supervisors,
directors, secretary or officers (as applicable) to take, any actions with respect to VRB China which are inconsistent or contrary to
this Agreement or any of the other Transaction Documents (as defined under the Purchase Agreement), applied in each case as though CES
is the owner of the Target Entity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal">&#22312;&#20132;&#21106;&#21069;&#26399;&#38388;&#65292;&#23613;&#31649;
</FONT><FONT STYLE="font-weight: normal">VRB <FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#25511;&#21046;
</FONT>VRB <FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#65292;&#38500;&#12298;&#36141;&#20080;&#21327;&#35758;&#12299;&#20013;&#35268;&#23450;&#30340;&#25215;&#35834;&#21644;&#20041;&#21153;&#20197;&#21450;&#12298;&#36807;&#28193;&#35745;&#21010;&#12299;&#21644;&#12298;&#21512;&#20316;&#21327;&#35758;&#12299;&#30340;&#26465;&#27454;&#22806;&#65292;</FONT>VRB
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#25110;</FONT> VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#20316;&#20026;
</FONT>VRB <FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#30340;&#21807;&#19968;&#32929;&#19996;&#22343;&#19981;&#24471;&#37319;&#21462;&#25110;&#20801;&#35768;&#20854;&#21508;&#33258;&#30340;&#30417;&#20107;&#12289;&#33891;&#20107;&#12289;&#31192;&#20070;&#25110;&#39640;&#32423;&#32844;&#21592;&#65288;&#22914;&#36866;&#29992;&#65289;&#37319;&#21462;&#19982;&#26412;&#21327;&#35758;&#25110;&#20219;&#20309;&#20854;&#20182;&#20132;&#26131;&#25991;&#20214;&#19981;&#19968;&#33268;&#25110;&#30456;&#36829;&#32972;&#30340;&#26377;&#20851;
</FONT>VRB <FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#30340;&#20219;&#20309;&#34892;&#21160;&#12289;&#25110;&#20801;&#35768;&#20854;&#21508;&#33258;&#30340;&#20219;&#20309;&#30417;&#20107;&#12289;&#33891;&#20107;&#12289;&#31192;&#20070;&#25110;&#39640;&#32423;&#32844;&#21592;&#65288;&#22914;&#36866;&#29992;&#65289;&#23601;
</FONT>VRB <FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#37319;&#21462;&#20219;&#20309;&#19982;&#26412;&#21327;&#35758;&#25110;&#20219;&#20309;&#20854;&#20182;&#20132;&#26131;&#25991;&#20214;&#65288;&#23450;&#20041;&#35265;&#12298;&#36141;&#20080;&#21327;&#35758;&#12299;&#65289;&#19981;&#19968;&#33268;&#25110;&#30456;&#36829;&#32972;&#30340;&#34892;&#21160;&#65292;&#22312;&#27599;&#31181;&#24773;&#20917;&#19979;&#36866;&#29992;&#26102;&#22343;&#35270;&#21516;&#20013;&#33021;&#20648;&#20026;&#30446;&#26631;&#23454;&#20307;&#30340;&#25152;&#26377;&#32773;&#12290;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>Article&#8239;3</B></FONT><B><FONT STYLE="text-transform: uppercase"><BR>
JOINT VENTURE GOVERNANCE</FONT></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&#31532;&#19977;&#26465;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&#21512;&#36164;&#20225;&#19994;&#27835;&#29702;</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.1&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Joint
Venture Governance</B>. As of the Control Acquisition Date, CES holds a 51% Equity Interest and VRB Cayman holds a 49% Equity Interest.
From the Control Acquisition Date and continuing until this Agreement is terminated in writing signed by all the Parties or the Parties
consummates a public exchange listing of VRB China, the provisions of this Article&#8239;3, in addition to the terms of the other VRB
China Joint Venture Agreements and the VRB China Organizational Documents, shall control the governance and decision making of VRB China.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#21512;&#36164;&#20225;&#19994;&#27835;&#29702;&#12290;</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#33258;&#25511;&#21046;&#26435;&#21462;&#24471;&#26085;&#36215;&#65292;&#30452;&#33267;&#26412;&#21327;&#35758;&#32463;&#21508;&#26041;&#20070;&#38754;&#31614;&#32626;&#32456;&#27490;&#25110;&#21508;&#26041;&#23436;&#25104;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#30340;&#20844;&#24320;&#20132;&#26131;&#19978;&#24066;&#65292;&#38500;&#20854;&#20182;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#21512;&#36164;&#21327;&#35758;&#21644;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#35774;&#31435;&#25991;&#20214;&#30340;&#26465;&#27454;&#22806;&#65292;&#26412;&#31532;</FONT>3<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#30340;&#32422;&#23450;&#24212;&#25511;&#21046;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#20844;&#21496;&#30340;&#27835;&#29702;&#21644;&#20915;&#31574;&#12290;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.2&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Conduct
of the Business</B>. The Shareholders acknowledge, agree, and understand that VRB China has been formed and is existing for the purpose
of carrying on the Business. Notwithstanding any provisions of the VRB China Governing Documents to the contrary, VRB China may not conduct
any other business, and shall have no powers or authority to conduct any business, other than the Business, without the affirmative vote
or consent of the Shareholder holding or the Shareholders collectively holding at least two-thirds (2/3) of the Equity Interests.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#19994;&#21153;&#32463;&#33829;&#12290;</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#32929;&#19996;&#25215;&#35748;&#12289;&#21516;&#24847;&#24182;&#29702;&#35299;&#65292;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#24050;&#25104;&#31435;&#24182;&#23384;&#32493;&#20197;&#24320;&#23637;&#19994;&#21153;&#12290;&#23613;&#31649;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#27835;&#29702;&#25991;&#20214;&#26377;&#20219;&#20309;&#30456;&#21453;&#30340;&#35268;&#23450;&#65292;&#26410;&#32463;&#25345;&#26377;&#25110;&#20849;&#21516;&#25345;&#26377;&#33267;&#23569;&#19977;&#20998;&#20043;&#20108;&#65288;</FONT>2/3<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#32929;&#26435;&#30340;&#32929;&#19996;&#30340;&#36190;&#25104;&#31080;&#25110;&#21516;&#24847;&#65292;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#19981;&#24471;&#24320;&#23637;&#20219;&#20309;&#20854;&#20182;&#19994;&#21153;&#65292;&#20063;&#26080;&#26435;&#25110;&#26080;&#25480;&#26435;&#24320;&#23637;&#38500;&#19994;&#21153;&#20197;&#22806;&#30340;&#20219;&#20309;&#19994;&#21153;&#12290;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.3&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Board
of Directors</B>.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&#33891;&#20107;&#20250;</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.3.1&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>General
Responsibility and Authority</B>. Subject to the terms set forth in this Agreement and the other Joint Venture Agreements, the board
of directors of VRB China (the &ldquo;<B>Board</B>&rdquo;) shall have the general responsibility and authority for the day-to-day management,
operational functions, and affairs of VRB China and the supervision of the officers of VRB China (except for any matters requiring approval
of the Shareholders pursuant to Section&#8239;3.5.2(b)&#8239;or any authority that the Shareholders of VRB China may not delegate to
the Board in accordance with Law).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#19968;&#33324;&#36131;&#20219;&#21644;&#26435;&#21147;&#12290;</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26681;&#25454;&#26412;&#21327;&#35758;&#21644;&#20854;&#20182;&#21512;&#36164;&#21327;&#35758;&#32422;&#23450;&#30340;&#26465;&#27454;&#65292;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#33891;&#20107;&#20250;&#65288;&ldquo;<B>&#33891;&#20107;&#20250;</B>&rdquo;&#65289;&#24212;&#23545;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#30340;&#26085;&#24120;&#31649;&#29702;&#12289;&#36816;&#33829;&#32844;&#33021;&#21644;&#20107;&#21153;&#20197;&#21450;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#39640;&#32423;&#32844;&#21592;&#30340;&#30417;&#30563;&#36127;&#26377;&#19968;&#33324;&#36131;&#20219;&#21644;&#26435;&#21147;&#65288;&#26681;&#25454;&#31532;</FONT>3.5.2<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65288;</FONT>b<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#26465;&#38656;&#35201;&#32929;&#19996;&#25209;&#20934;&#30340;&#20219;&#20309;&#20107;&#39033;&#25110;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#32929;&#19996;&#20381;&#27861;&#19981;&#24471;&#25480;&#20104;&#33891;&#20107;&#20250;&#30340;&#20219;&#20309;&#26435;&#21147;&#38500;&#22806;&#65289;&#12290;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.3.2&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Voting
and Written Consents</B>.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>&#25237;&#31080;&#21644;&#20070;&#38754;&#21516;&#24847;</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Subject
to Section&#8239;3.3.2(b)&#8239;and Section&#8239;3.5.2(b), the Board shall decide every matter considered by it by a vote requiring
approval by a simple majority, except that, in the event of a tie, the Chairman shall have the deciding vote. Any action required or
permitted to be taken at a meeting of the Board may be taken without a meeting and without prior notice if the action is evidenced by
a written consent describing the action taken, signed by all the Directors. Action taken by written consent shall be effective upon the
signing by all Directors of the consent, unless the consent specifies a different effective date (in which case such consent shall be
effective as of such different date).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#26681;&#25454;&#31532;</FONT>3.3.2<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65288;</FONT>b<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#21644;</FONT>3.6.2<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65288;</FONT>b<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#26465;&#65292;&#33891;&#20107;&#20250;&#24212;&#36890;&#36807;&#38656;&#35201;&#31616;&#21333;&#22810;&#25968;&#25209;&#20934;&#30340;&#25237;&#31080;&#20915;&#23450;&#20854;&#23457;&#35758;&#30340;&#27599;&#19968;&#20107;&#39033;&#65292;&#20294;&#22914;&#26524;&#31080;&#25968;&#30456;&#31561;&#65292;&#33891;&#20107;&#38271;&#24212;&#25317;&#26377;&#20915;&#23450;&#26435;&#12290;&#22914;&#26524;&#25152;&#26377;&#33891;&#20107;&#31614;&#32626;&#20102;&#25551;&#36848;&#25152;&#37319;&#21462;&#21160;&#35758;&#30340;&#20070;&#38754;&#21516;&#24847;&#20070;&#65292;&#21017;&#33891;&#20107;&#20250;&#20250;&#35758;&#19978;&#35201;&#27714;&#25110;&#20801;&#35768;&#37319;&#21462;&#30340;&#20219;&#20309;&#21160;&#35758;&#37117;&#21487;&#20197;&#22312;&#19981;&#21484;&#24320;&#20250;&#35758;&#21644;&#19981;&#20107;&#20808;&#36890;&#30693;&#30340;&#24773;&#20917;&#19979;&#37319;&#21462;&#12290;&#20070;&#38754;&#21516;&#24847;&#37319;&#21462;&#30340;&#21160;&#35758;&#24212;&#22312;&#25152;&#26377;&#33891;&#20107;&#31614;&#32626;&#21516;&#24847;&#20070;&#21518;&#29983;&#25928;&#65292;&#38500;&#38750;&#21516;&#24847;&#20070;&#35268;&#23450;&#20102;&#19981;&#21516;&#30340;&#29983;&#25928;&#26085;&#26399;&#65288;&#22312;&#36825;&#31181;&#24773;&#20917;&#19979;&#65292;&#35813;&#21516;&#24847;&#20070;&#24212;&#33258;&#35813;&#19981;&#21516;&#26085;&#26399;&#36215;&#29983;&#25928;&#65289;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Notwithstanding
Section&#8239;3.3.2(a), and subject to and except as otherwise provided in the other VRB China Joint Venture Agreements, if and for so
long as CES is entitled to designate a majority of the Directors pursuant to Section&#8239;3.3.4(a), then the following matters of the
Board shall be solely determined by the affirmative vote or consent of the CES Directors:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#23613;&#31649;&#26377;&#31532;</FONT>3.3.2(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#30340;&#32422;&#23450;&#65292;&#38500;&#20854;&#20182;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#21512;&#36164;&#21327;&#35758;&#21478;&#26377;&#32422;&#23450;&#22806;&#65292;&#22914;&#26524;&#19988;&#21482;&#35201;&#20013;&#33021;&#20648;&#26377;&#26435;&#26681;&#25454;&#31532;</FONT>3.3.4(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#25351;&#23450;&#22823;&#22810;&#25968;&#33891;&#20107;&#65292;&#21017;&#33891;&#20107;&#20250;&#30340;&#20197;&#19979;&#20107;&#39033;&#24212;&#20165;&#30001;&#20013;&#33021;&#20648;&#33891;&#20107;&#30340;&#36190;&#25104;&#31080;&#25110;&#21516;&#24847;&#20915;&#23450;&#65306;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Any
necessary or advisable changes to the VRB China management team for operational requirements of the Business;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#26681;&#25454;&#19994;&#21153;&#36816;&#33829;&#35201;&#27714;&#65292;&#23545;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#31649;&#29702;&#22242;&#38431;&#36827;&#34892;&#20219;&#20309;&#24517;&#35201;&#25110;&#36866;&#24403;&#30340;&#21464;&#26356;&#65307;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
appointment, removal, or replacement of the Chief Executive Officer; and</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify">&#39318;&#24109;&#25191;&#34892;&#23448;&#30340;&#20219;&#21629;&#12289;&#20813;&#32844;&#25110;&#26356;&#25442;&#65306;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
creation of any other necessary or advisable senior management positions at VRB China or with respect to any of its subsidiaries.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#22312;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#25110;&#20854;&#20219;&#20309;&#23376;&#20844;&#21496;&#35774;&#31435;&#20219;&#20309;&#20854;&#20182;&#24517;&#35201;&#25110;&#36866;&#24403;&#30340;&#39640;&#32423;&#31649;&#29702;&#32844;&#20301;&#12290;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.3.3&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Size
of the Board</B>. The size of the Board shall be set at six (6)&#8239;individuals (each a &ldquo;Director&rdquo; and collectively the
 &ldquo;Directors&rdquo;).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#33891;&#20107;&#20250;&#30340;&#20154;&#25968;&#12290;</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#33891;&#20107;&#20250;&#24212;&#35774;&#20845;&#65288;</FONT>6<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#20154;&#65288;&#21508;&#31216;&#20026;&ldquo;&#21508;&#33891;&#20107;&rdquo;&#65292;&#32479;&#31216;&#20026;&ldquo;&#33891;&#20107;&rdquo;&#65289;&#12290;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.3.4&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Designation
and Election of Directors</B>. The Directors shall be designated and elected to the Board by the Shareholders as follows:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>&#33891;&#20107;&#30340;&#25351;&#23450;&#21644;&#36873;&#20030;&#12290;</B></FONT>&#33891;&#20107;&#24212;&#30001;&#32929;&#19996;&#25351;&#23450;&#24182;&#36873;&#20030;&#20026;&#33891;&#20107;&#20250;&#25104;&#21592;&#65292;&#20855;&#20307;&#22914;&#19979;&#65306;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Based
on their respective Equity Interests in VRB China (either alone or together in the aggregate with the Equity Interests in VRB China held
by their respective Permitted Transferees), CES shall be entitled to designate Directors to the Board (each a &ldquo;<B>CES Director</B>&rdquo;
and collectively the &ldquo;<B>CES Directors</B>&rdquo;) and VRB Cayman shall be entitled to designate Directors to the Board (each a
 &ldquo;<B>VRB Cayman Director</B>&rdquo; and collectively the &ldquo;<B>VRB Cayman Directors</B>&rdquo;) according to the following table:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#26681;&#25454;&#20854;&#21508;&#33258;&#22312;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#30340;&#32929;&#26435;&#65288;&#21333;&#29420;&#25110;&#19982;&#21508;&#33258;&#33719;&#20934;&#21463;&#35753;&#26041;&#21512;&#35745;&#25345;&#26377;&#30340;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#32929;&#26435;&#65289;&#65292;&#20013;&#33021;&#20648;&#26377;&#26435;&#26681;&#25454;&#19979;&#34920;&#21521;&#33891;&#20107;&#20250;&#25351;&#23450;&#33891;&#20107;&#65288;&#31216;&#20026;&ldquo;<B>&#20013;&#33021;&#20648;&#33891;&#20107;</B>&rdquo;&#65289;&#65292;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#26377;&#26435;&#26681;&#25454;&#20197;&#19979;&#34920;&#26684;&#21521;&#33891;&#20107;&#20250;&#25351;&#23450;&#33891;&#20107;&#65288;&#31216;&#20026;&ldquo;</FONT><B>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#33891;&#20107;</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif">&rdquo;&#65289;&#65306;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="border: Black 1pt solid; padding-left: 5pt; width: 19%"><B>% Equity <BR>
    Interests<BR>
     <FONT STYLE="font-size: 10pt">%</FONT>&#32929;&#26435;</B></TD>
    <TD STYLE="padding-left: 5pt; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 12%"><B>Greater<BR>
    than<BR>
    50% <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#39640;&#20110;</FONT><BR>
    50%</B></TD>
    <TD STYLE="padding-left: 5pt; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 12%"><B>Greater<BR>
    than <BR>
    50% <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><BR>
    &#39640;&#20110;</FONT><BR>
    50%</B></TD>
    <TD STYLE="padding-left: 5pt; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 12%"><B>Greater
    <BR>
    than <BR>
    50%<BR>
     <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#39640;&#20110;</FONT><BR>
    50%</B></TD>
    <TD STYLE="padding-left: 5pt; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 9%"><B>50%<BR>
     50%</B></TD>
    <TD STYLE="padding-left: 5pt; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 12%"><B>Less
    than <BR>
    50% and<BR>
    greater<BR>
    than<BR>
    20%<BR>
     <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#20302;&#20110;</FONT><BR>
    50%<FONT STYLE="font-family: Times New Roman, Times, Serif">&#19988;&#39640;&#20110;</FONT><BR>
    20%</B></TD>
    <TD STYLE="padding-left: 5pt; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 12%"><B>Less
    than<BR>
    20% and<BR>
    greater<BR>
    than<BR>
    10% <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><BR>
    &#20302;&#20110;</FONT><BR>
    20%<BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif">&#19988;&#39640;&#20110;<BR>
    </FONT>10%</B></TD>
    <TD STYLE="padding-left: 5pt; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 12%"><B>Less
    than<BR>
    10%<BR>
     <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#20302;&#20110;</FONT><BR>
    10%</B></TD></TR>
  <TR>
    <TD STYLE="padding-left: 5pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><B>CES<BR>
    Directors &#20013;&#33021;&#20648;&#33891;&#20107;</B></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; padding-left: 5pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><B>% Equity
    Interest <FONT STYLE="font-size: 10pt">%</FONT>&#32929;&#26435;</B></TD>
    <TD STYLE="padding-left: 5pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid"><B>Less than 10% <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#20302;&#20110;</FONT>10%</B></TD>
    <TD STYLE="padding-left: 5pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid"><B>Less than 20% and greater than 10%
    <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#20302;&#20110;</FONT>20%<FONT STYLE="font-family: Times New Roman, Times, Serif">&#19988;&#39640;&#20110;</FONT>10%</B></TD>
    <TD STYLE="padding-left: 5pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid"><B>Less than 50% and greater than 20%
    <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#20302;&#20110;</FONT>50%<FONT STYLE="font-family: Times New Roman, Times, Serif">&#19988;&#39640;&#20110;</FONT>20%</B></TD>
    <TD STYLE="padding-left: 5pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid"><B>50% 50%</B></TD>
    <TD STYLE="padding-left: 5pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid"><B>Greater than 50% <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#39640;&#20110;</FONT>50%</B></TD>
    <TD STYLE="padding-left: 5pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid"><B>Greater than 50% <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#39640;&#20110;</FONT>50%</B></TD>
    <TD STYLE="padding-left: 5pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid"><B>Greater than 50% <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#39640;&#20110;</FONT>50%</B></TD></TR>
  <TR>
    <TD STYLE="padding-left: 5pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><B>VRB
    Cayman<BR> Directors <FONT STYLE="font-size: 10pt">VRB</FONT>&#24320;&#26364;&#33891;&#20107;</B></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>If
neither CES nor VRB Cayman is entitled to designate a Director pursuant to Section&#8239;3.3.4(a), then any individual may be nominated
for election as a Director by any current Director or any Shareholder owning at least ten percent (10%) of the Equity Interests of VRB
China and shall be elected to the Board upon the affirmative vote or consent of the Shareholder holding or the Shareholders collectively
holding greater than fifty (50%) of the Equity Interests of VRB China.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#22914;&#26524;&#20013;&#33021;&#20648;&#21644;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#22343;&#26080;&#26435;&#26681;&#25454;&#31532;</FONT>3.3.4(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#25351;&#23450;&#33891;&#20107;&#65292;&#21017;&#20219;&#20309;&#20010;&#20154;&#22343;&#21487;&#30001;&#20219;&#20309;&#29616;&#20219;&#33891;&#20107;&#25110;&#25317;&#26377;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#33267;&#23569;&#30334;&#20998;&#20043;&#21313;&#65288;</FONT>10%<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#32929;&#26435;&#30340;&#20219;&#20309;&#32929;&#19996;&#25552;&#21517;&#20026;&#33891;&#20107;&#65292;&#24182;&#24212;&#22312;&#25345;&#26377;&#25110;&#20849;&#21516;&#25345;&#26377;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#36229;&#36807;&#20116;&#21313;&#65288;</FONT>50%<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#32929;&#26435;&#30340;&#32929;&#19996;&#25237;&#36190;&#25104;&#31080;&#25110;&#21516;&#24847;&#21518;&#24403;&#36873;&#20026;&#33891;&#20107;&#20250;&#25104;&#21592;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Each
Shareholder shall vote or consent pursuant to an action by written consent of the Shareholders all Equity Interests in VRB China now
or hereafter directly or indirectly owned of record or beneficially by the Shareholder, or to cause such Equity Interests to be voted,
in such manner as may be necessary to elect (and maintain in office) as the members of the Board the individuals designated by CES as
CES Directors and the individuals designated by VRB Cayman as VRB Cayman Directors pursuant to Section&#8239;3.3.4(a).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#21508;&#32929;&#19996;&#24212;&#26681;&#25454;&#32929;&#19996;&#20070;&#38754;&#21516;&#24847;&#30340;&#21160;&#35758;&#65292;&#20197;&#24517;&#35201;&#30340;&#26041;&#24335;&#20197;&#32929;&#19996;&#29616;&#22312;&#25110;&#20197;&#21518;&#30452;&#25509;&#25110;&#38388;&#25509;&#25317;&#26377;&#25110;&#23454;&#30410;&#25317;&#26377;&#30340;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#30340;&#25152;&#26377;&#32929;&#26435;&#65292;&#25110;&#20419;&#20351;&#27492;&#31867;&#32929;&#26435;&#29992;&#20110;&#25237;&#31080;&#65292;&#36827;&#34892;&#25237;&#31080;&#25110;&#21516;&#24847;&#65292;&#20197;&#36873;&#20030;&#65288;&#24182;&#32500;&#25345;&#65289;&#20013;&#33021;&#20648;&#26681;&#25454;&#31532;</FONT>3.3.4(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#25351;&#23450;&#30340;&#20013;&#33021;&#20648;&#33891;&#20107;&#21644;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#26681;&#25454;&#31532;</FONT>3.3.4(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#25351;&#23450;&#30340;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#33891;&#20107;&#20316;&#20026;&#33891;&#20107;&#20250;&#25104;&#21592;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.3.5&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Term
of Service</B>. Until the earlier of the Director&rsquo;s death, disability, resignation, removal, or replacement in accordance with
the terms of this Agreement, the VRB China Organizational Documents, and Law, each Director shall serve in such position on the Board
for a term of three (3)&#8239;years and could be reelected or redesignated to serve for consecutive terms when the current term expires.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#26381;&#21153;&#26399;&#38480;&#12290;</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26681;&#25454;&#26412;&#21327;&#35758;&#12289;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#35774;&#31435;&#25991;&#20214;&#21644;&#27861;&#24459;&#30340;&#26465;&#27454;&#65292;&#22312;&#33891;&#20107;&#27515;&#20129;&#12289;&#27531;&#30142;&#12289;&#36766;&#32844;&#12289;&#20813;&#32844;&#25110;&#26356;&#25442;&#65288;&#20197;&#36739;&#26089;&#32773;&#20026;&#20934;&#65289;&#20043;&#21069;&#65292;&#21508;&#33891;&#20107;&#24212;&#22312;&#33891;&#20107;&#20250;&#20219;&#32844;&#19977;&#65288;</FONT>3<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#24180;&#65292;&#24182;&#21487;&#22312;&#24403;&#21069;&#20219;&#26399;&#23626;&#28385;&#26102;&#36890;&#36807;&#34987;&#37325;&#26032;&#36873;&#20030;&#25110;&#34987;&#37325;&#26032;&#25351;&#23450;&#36827;&#34892;&#36830;&#20219;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.3.6&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Removal
and Replacement</B>. In the event CES or VRB Cayman loses a right to designate a Director to the Board pursuant to Section&#8239;3.3.4(a),
then such Director may be removed from the Board upon written notice by any Party to the other Parties. Each of CES and VRB Cayman may
remove a Director designated by it, replace any Director designated by it, and appoint a new Director designated by it, in each case
pursuant to Section&#8239;3.3.4(a), by written notice to the other Parties. If required by Law or the VRB China Organizational Documents,
the Shareholders shall adopt a resolution removing such Director and appointing such new Director at the next Shareholders&rsquo; meeting.
A Shareholder shall not take any action to remove or replace a Director that was not designated to the Board by such Shareholder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#20813;&#32844;&#21644;&#26356;&#25442;&#12290;</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#22914;&#26524;&#20013;&#33021;&#20648;&#25110;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#22833;&#21435;&#26681;&#25454;&#31532;</FONT>3.3.4(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#21521;&#33891;&#20107;&#20250;&#25351;&#23450;&#33891;&#20107;&#30340;&#26435;&#21033;&#65292;&#21017;&#20219;&#20309;&#19968;&#26041;&#21521;&#20854;&#20182;&#21508;&#26041;&#21457;&#20986;&#20070;&#38754;&#36890;&#30693;&#21518;&#65292;&#35813;&#33891;&#20107;&#21487;&#34987;&#20813;&#32844;&#12290;&#20013;&#33021;&#20648;&#21644;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#22343;&#21487;&#26681;&#25454;&#31532;</FONT>3.3.4(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#21521;&#20854;&#20182;&#21508;&#26041;&#21457;&#20986;&#20070;&#38754;&#36890;&#30693;&#65292;&#20813;&#32844;&#20854;&#25351;&#23450;&#30340;&#21508;&#33891;&#20107;&#65292;&#26356;&#25442;&#20854;&#25351;&#23450;&#30340;&#20219;&#20309;&#33891;&#20107;&#65292;&#24182;&#20219;&#21629;&#20854;&#25351;&#23450;&#30340;&#26032;&#33891;&#20107;&#12290;&#22914;&#26524;&#27861;&#24459;&#25110;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#35774;&#31435;&#25991;&#20214;&#35201;&#27714;&#65292;&#32929;&#19996;&#24212;&#22312;&#19979;&#27425;&#32929;&#19996;&#22823;&#20250;&#19978;&#36890;&#36807;&#20915;&#35758;&#32610;&#20813;&#35813;&#33891;&#20107;&#24182;&#20219;&#21629;&#26032;&#33891;&#20107;&#12290;&#32929;&#19996;&#19981;&#24471;&#37319;&#21462;&#20219;&#20309;&#34892;&#21160;&#20813;&#32844;&#25110;&#26356;&#25442;&#38750;&#30001;&#20854;&#21521;&#33891;&#20107;&#20250;&#25351;&#23450;&#30340;&#33891;&#20107;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.3.7&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Board
Meetings</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>&#33891;&#20107;&#20250;&#20250;&#35758;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Board shall meet at least annually and as often as is required under Law, either on dates fixed at an earlier meeting or as called by
the Chairman. The Chairman shall give notice, specifying the time and place of, and the agenda for, each meeting of the Board, to all
Directors at least five (5)&#8239;Business Days before the time appointed for the meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#33891;&#20107;&#20250;&#24212;&#33267;&#23569;&#27599;&#24180;&#20030;&#34892;&#19968;&#27425;&#20250;&#35758;&#65292;&#24182;&#25353;&#29031;&#27861;&#24459;&#35201;&#27714;&#30340;&#39057;&#29575;&#20030;&#34892;&#20250;&#35758;&#65292;&#20250;&#35758;&#26085;&#26399;&#21487;&#20197;&#22312;&#20043;&#21069;&#30340;&#20250;&#35758;&#19978;&#30830;&#23450;&#65292;&#20063;&#21487;&#20197;&#30001;&#33891;&#20107;&#38271;&#21484;&#38598;&#12290;&#33891;&#20107;&#38271;&#24212;&#22312;&#20250;&#35758;&#25351;&#23450;&#26102;&#38388;&#21069;&#33267;&#23569;&#20116;&#65288;</FONT>5<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#20010;&#24037;&#20316;&#26085;&#21521;&#25152;&#26377;&#33891;&#20107;&#21457;&#20986;&#36890;&#30693;&#65292;&#35828;&#26126;&#27599;&#27425;&#33891;&#20107;&#20250;&#20250;&#35758;&#30340;&#26102;&#38388;&#12289;&#22320;&#28857;&#21644;&#35758;&#31243;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Board shall meet virtually or in a mutually agreeable place, and failing agreement, at VRB China&rsquo;s principal office.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#33891;&#20107;&#20250;&#24212;&#32447;&#19978;&#20030;&#34892;&#25110;&#22312;&#21508;&#26041;&#21516;&#24847;&#30340;&#22320;&#28857;&#20030;&#34892;&#65292;&#22914;&#26410;&#36798;&#25104;&#21516;&#24847;&#65292;&#21017;&#24212;&#22312;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#24635;&#37096;&#20030;&#34892;&#20250;&#35758;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Meetings
of the Board may be held by means of conference telephone or other communications equipment by means of which all Persons participating
in the meeting can hear each other, and participation in a meeting by such communications equipment shall constitute presence in person
at the meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&#33891;&#20107;&#20250;&#20250;&#35758;&#21487;&#20197;&#36890;&#36807;&#30005;&#35805;&#20250;&#35758;&#25110;&#20854;&#20182;&#36890;&#20449;&#35774;&#22791;&#20030;&#34892;&#65292;&#25152;&#26377;&#19982;&#20250;&#20154;&#21592;&#37117;&#21487;&#20197;&#36890;&#36807;&#36825;&#20123;&#35774;&#22791;&#30456;&#20114;&#21548;&#21040;&#23545;&#26041;&#30340;&#22768;&#38899;&#65292;&#36890;&#36807;&#36825;&#20123;&#36890;&#20449;&#35774;&#22791;&#21442;&#21152;&#20250;&#35758;&#24212;&#26500;&#25104;&#29616;&#22330;&#20986;&#24109;&#20250;&#35758;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Board shall not decide on any matter at a meeting unless such matter is included in the agenda for such meeting (or all the Directors
present at the meeting otherwise agree).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&#33891;&#20107;&#20250;&#19981;&#24471;&#22312;&#20250;&#35758;&#19978;&#23601;&#20219;&#20309;&#20107;&#39033;&#20316;&#20986;&#20915;&#23450;&#65292;&#38500;&#38750;&#35813;&#20107;&#39033;&#24050;&#21015;&#20837;&#20250;&#35758;&#35758;&#31243;&#65288;&#25110;&#32463;&#20986;&#24109;&#20250;&#35758;&#30340;&#25152;&#26377;&#33891;&#20107;&#21516;&#24847;&#65289;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;A
quorum for any meeting of the Board shall consist of not less than four (4)&#8239;Directors in person or by telephone, at least one&#8239;(1)&#8239;of
which shall be a CES Director (if any) and at least one&#8239;(1)&#8239;of which shall be a VRB Cayman Director (if any).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#20219;&#20309;&#33891;&#20107;&#20250;&#20250;&#35758;&#30340;&#27861;&#23450;&#20154;&#25968;&#24212;&#30001;&#19981;&#23569;&#20110;&#22235;&#65288;</FONT>4<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#21517;&#33891;&#20107;&#29616;&#22330;&#20986;&#24109;&#25110;&#36890;&#36807;&#30005;&#35805;&#20986;&#24109;&#65292;&#20854;&#20013;&#33267;&#23569;&#19968;&#65288;</FONT>1<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#21517;&#33891;&#20107;&#24212;&#20026;&#20013;&#33021;&#20648;&#33891;&#20107;&#65288;&#22914;&#26377;&#65289;&#65292;&#33267;&#23569;&#19968;&#65288;&#19968;&#65289;&#21517;&#33891;&#20107;&#20026;</FONT>VRB
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#33891;&#20107;&#65288;&#22914;&#26377;&#65289;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.3.8&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Legal
Representative, Chairman and Secretary</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>&#27861;&#23450;&#20195;&#34920;&#20154;&#65292;&#33891;&#20107;&#38271;&#21450;&#33891;&#20107;&#20250;&#31192;&#20070;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Whichever
Party is entitled to designate a majority of the Directors to the Board pursuant to Section&#8239;3.3.4, respectively, shall, as part
of such designations, designate the Director that shall serve as the Chairman of the Board. If no Party is entitled to designate a majority
of the Directors to the Board pursuant to Section&#8239;3.3.4, then the Directors shall appoint the Chairman of the Board. The Chairman
shall be the legal representative of VRB China.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#26681;&#25454;&#31532;</FONT>3.3.4<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#65292;&#26080;&#35770;&#21738;&#19968;&#26041;&#26377;&#26435;&#20998;&#21035;&#25351;&#23450;&#33891;&#20107;&#20250;&#22810;&#25968;&#33891;&#20107;&#65292;&#20316;&#20026;&#27492;&#31867;&#25351;&#23450;&#30340;&#19968;&#37096;&#20998;&#65292;&#24212;&#25351;&#23450;&#19968;&#21517;&#33891;&#20107;&#25285;&#20219;&#33891;&#20107;&#38271;&#12290;&#22914;&#26524;&#20219;&#20309;&#19968;&#26041;&#22343;&#26080;&#26435;&#26681;&#25454;&#31532;</FONT>3.3.4<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#25351;&#23450;&#33891;&#20107;&#20250;&#22810;&#25968;&#33891;&#20107;&#65292;&#21017;&#33891;&#20107;&#24212;&#20219;&#21629;&#33891;&#20107;&#20250;&#33891;&#20107;&#38271;&#12290;&#33891;&#20107;&#38271;&#24212;&#20026;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#30340;&#27861;&#23450;&#20195;&#34920;&#20154;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Chairman shall be entitled to appoint the secretary for each meeting of the Board. The secretary of the meeting shall prepare minutes
of that meeting and circulate copies thereof to each Director within ten (10)&#8239;Business Days after the meeting. The minutes, unless
objected by any attending Director at the next meeting at which such minutes are being brought before the Board for approval, shall be
the official record of the decision made by the Board.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#33891;&#20107;&#38271;&#26377;&#26435;&#20026;&#27599;&#27425;&#33891;&#20107;&#20250;&#20250;&#35758;&#20219;&#21629;&#33891;&#20107;&#20250;&#31192;&#20070;&#12290;&#33891;&#20107;&#20250;&#31192;&#20070;&#24212;&#20026;&#35813;&#27425;&#33891;&#20107;&#20250;&#20250;&#35758;&#20934;&#22791;&#20250;&#35758;&#32426;&#35201;&#65292;&#24182;&#24212;&#22312;&#20250;&#35758;&#32467;&#26463;&#21518;&#21313;&#65288;</FONT>10<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#20010;&#24037;&#20316;&#26085;&#20869;&#23558;&#21103;&#26412;&#20998;&#21457;&#32473;&#21508;&#33891;&#20107;&#12290;&#38500;&#38750;&#20986;&#24109;&#20250;&#35758;&#30340;&#20219;&#20309;&#33891;&#20107;&#22312;&#19979;&#19968;&#27425;&#20250;&#35758;&#35813;&#20250;&#35758;&#32426;&#35201;&#34987;&#33891;&#20107;&#20250;&#20256;&#38405;&#24182;&#25209;&#20934;&#26102;&#36827;&#34892;&#21453;&#23545;&#65292;&#35813;&#20250;&#35758;&#35760;&#24405;&#24212;&#20316;&#20026;&#33891;&#20107;&#20250;&#20915;&#23450;&#30340;&#27491;&#24335;&#35760;&#24405;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.4&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Officers</B>.
Subject to the terms set forth in this Agreement and the other VRB China Governing Documents, the Board may delegate the day-to-day management
of the business and affairs of VRB China to one or more officers. Each officer, unless otherwise provided in this Agreement, or any employment
agreement or consulting agreement with the officer, may be appointed or removed by the Board at any time and shall serve at the discretion
of the Board until the officer&rsquo;s death, disability, resignation, removal, or replacement. Each officer shall have such powers,
duties, and responsibilities as determined from time to time by the Board or, with respect to any officer other than the Chief Executive
Officer, as determined from time to time by the Chief Executive Officer, or as provided in the VRB China Governing Documents or Law.
The officers of VRB China shall at least include a Chief Executive Officer and Chief Financial Officer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#39640;&#32423;&#32844;&#21592;&#12290;</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#21463;&#26412;&#21327;&#35758;&#21644;&#20854;&#20182;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#27835;&#29702;&#25991;&#20214;&#26465;&#27454;&#30340;&#32422;&#26463;&#65292;&#33891;&#20107;&#20250;&#21487;&#23558;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#19994;&#21153;&#21644;&#20107;&#21153;&#30340;&#26085;&#24120;&#31649;&#29702;&#22996;&#25176;&#32473;&#19968;&#21517;&#25110;&#22810;&#21517;&#39640;&#32423;&#32844;&#21592;&#12290;&#38500;&#38750;&#26412;&#21327;&#35758;&#25110;&#19982;&#35813;&#39640;&#32423;&#32844;&#21592;&#31614;&#35746;&#30340;&#20219;&#20309;&#38599;&#20323;&#21327;&#35758;&#25110;&#21672;&#35810;&#21327;&#35758;&#21478;&#26377;&#32422;&#23450;&#65292;&#21542;&#21017;&#33891;&#20107;&#20250;&#21487;&#38543;&#26102;&#33258;&#34892;&#20915;&#23450;&#20219;&#21629;&#25110;&#32610;&#20813;&#21508;&#39640;&#32423;&#32844;&#21592;&#65292;&#30452;&#33267;&#35813;&#39640;&#32423;&#32844;&#21592;&#27515;&#20129;&#12289;&#27531;&#30142;&#12289;&#36766;&#32844;&#12289;&#20813;&#32844;&#25110;&#34987;&#26356;&#25442;&#12290;&#21508;&#39640;&#32423;&#32844;&#21592;&#24212;&#20855;&#26377;&#33891;&#20107;&#20250;&#19981;&#26102;&#30830;&#23450;&#30340;&#26435;&#21147;&#12289;&#32844;&#36131;&#21644;&#36131;&#20219;&#65292;&#23545;&#20110;&#39318;&#24109;&#25191;&#34892;&#23448;&#20197;&#22806;&#30340;&#20219;&#20309;&#39640;&#32423;&#32844;&#21592;&#65292;&#21017;&#24212;&#30001;&#39318;&#24109;&#25191;&#34892;&#23448;&#19981;&#26102;&#30830;&#23450;&#65292;&#25110;&#26681;&#25454;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#27835;&#29702;&#25991;&#20214;&#25110;&#27861;&#24459;&#30340;&#35268;&#23450;&#12290;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#30340;&#39640;&#32423;&#32844;&#21592;&#24212;&#33267;&#23569;&#21253;&#25324;&#19968;&#21517;&#39318;&#24109;&#25191;&#34892;&#23448;&#12289;&#39318;&#24109;&#36130;&#21153;&#23448;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.5&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Shareholders</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&#32929;&#19996;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.5.1&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Shareholder
Meetings</B>. The Shareholders shall meet at least once each calendar year, either on dates fixed at an earlier meeting or as called
in accordance with the VRB China Organizational Documents or Law. Meetings of Shareholders shall take place in accordance with the VRB
China Organizational Documents and Law, and subject to the following requirements:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#32929;&#19996;&#22823;&#20250;&#12290;</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#32929;&#19996;&#24212;&#33267;&#23569;&#22312;&#27599;&#20010;&#26085;&#21382;&#24180;&#20030;&#34892;&#19968;&#27425;&#20250;&#35758;&#65292;&#20250;&#35758;&#26085;&#26399;&#21487;&#22312;&#20043;&#21069;&#30340;&#20250;&#35758;&#19978;&#30830;&#23450;&#65292;&#20063;&#21487;&#26681;&#25454;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#35774;&#31435;&#25991;&#20214;&#25110;&#27861;&#24459;&#21484;&#24320;&#12290;&#32929;&#19996;&#22823;&#20250;&#24212;&#25353;&#29031;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#35774;&#31435;&#25991;&#20214;&#21644;&#27861;&#24459;&#20030;&#34892;&#65292;&#24182;&#31526;&#21512;&#20197;&#19979;&#35201;&#27714;&#65306;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Shareholder meeting shall be virtually, at a place designated by the Board, or at VRB China&rsquo;s principal office.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#32929;&#19996;&#22823;&#20250;&#24212;&#22312;&#33891;&#20107;&#20250;&#25351;&#23450;&#30340;&#22320;&#28857;&#32447;&#19978;&#20030;&#34892;&#25110;&#22312;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#24635;&#37096;&#20030;&#34892;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Meetings
of the Shareholders may be held by means of conference telephone or other communications equipment by means of which all Persons participating
in the meeting can hear each other, and participation in a meeting by such communications equipment shall constitute presence in person
at the meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&#32929;&#19996;&#22823;&#20250;&#21487;&#20197;&#36890;&#36807;&#30005;&#35805;&#20250;&#35758;&#25110;&#20854;&#20182;&#36890;&#20449;&#35774;&#22791;&#20030;&#34892;&#65292;&#25152;&#26377;&#19982;&#20250;&#32773;&#37117;&#21487;&#20197;&#36890;&#36807;&#36825;&#20123;&#35774;&#22791;&#30456;&#20114;&#21548;&#21040;&#23545;&#26041;&#30340;&#22768;&#38899;&#65292;&#36890;&#36807;&#36825;&#20123;&#36890;&#20449;&#35774;&#22791;&#21442;&#21152;&#20250;&#35758;&#24212;&#26500;&#25104;&#29616;&#22330;&#20986;&#24109;&#20250;&#35758;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Shareholders shall not decide on any matter at a meeting unless such matter is included in the agenda for such meeting (or all the Shareholders
present at the meeting otherwise agree).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&#32929;&#19996;&#19981;&#24471;&#22312;&#20250;&#35758;&#19978;&#23601;&#20219;&#20309;&#20107;&#39033;&#20316;&#20986;&#20915;&#23450;&#65292;&#38500;&#38750;&#35813;&#20107;&#39033;&#24050;&#21015;&#20837;&#20250;&#35758;&#35758;&#31243;&#65288;&#25110;&#32463;&#20986;&#24109;&#20250;&#35758;&#30340;&#25152;&#26377;&#32929;&#19996;&#21516;&#24847;&#65289;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Board shall call a Shareholder meeting by giving not less than fifteen (15) days prior notice to each Shareholder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#33891;&#20107;&#20250;&#24212;&#33267;&#23569;&#25552;&#21069;&#21313;&#20116;&#65288;</FONT>15<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#26085;&#36890;&#30693;&#21508;&#32929;&#19996;&#21484;&#24320;&#32929;&#19996;&#22823;&#20250;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>A
quorum for a Shareholder meeting shall consist of not less than one (1)&#8239;Shareholder in person or by telephone.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#32929;&#19996;&#22823;&#20250;&#30340;&#27861;&#23450;&#20154;&#25968;&#24212;&#19981;&#23569;&#20110;&#19968;&#65288;</FONT>1<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#21517;&#32929;&#19996;&#29616;&#22330;&#20986;&#24109;&#25110;&#36890;&#36807;&#30005;&#35805;&#20986;&#24109;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.5.2&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Voting
and Written Consents</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>&#25237;&#31080;&#21644;&#20070;&#38754;&#21516;&#24847;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Subject
to Section&#8239;3.5.2(b)&#8239;and except as otherwise required by the VRB China Organizational Documents or Law, the Shareholders of
VRB China shall decide every question submitted to it by a vote requiring approval by the Shareholder holding or the Shareholders holding
greater than fifty percent (50%) of the Equity Interests. Any action required or permitted to be taken at a meeting of the Shareholders
may be taken without a meeting and without prior notice if the action is evidenced by a written consent describing the action taken,
signed by the Shareholder or the Shareholders holding the Equity Interests required to approve such action if the action were taken by
affirmative vote at a meeting of the Shareholders. Action taken by written consent shall be effective upon the signing of the consent
by the requisite Shareholders, unless the consent specifies a different effective date (in which case such consent shall be effective
as of such different date).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#26681;&#25454;&#31532;</FONT>3.5.2<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65288;</FONT>b<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#26465;&#65292;&#38500;&#38750;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#35774;&#31435;&#25991;&#20214;&#25110;&#27861;&#24459;&#21478;&#26377;&#35201;&#27714;&#65292;&#21542;&#21017;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#30340;&#32929;&#19996;&#24212;&#36890;&#36807;&#25237;&#31080;&#20915;&#23450;&#25552;&#20132;&#32473;&#23427;&#30340;&#27599;&#19968;&#20010;&#38382;&#39064;&#65292;&#35813;&#25237;&#31080;&#38656;&#35201;&#25345;&#26377;&#30334;&#20998;&#20043;&#20116;&#21313;&#65288;</FONT>50%<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#20197;&#19978;&#32929;&#26435;&#30340;&#32929;&#19996;&#25209;&#20934;&#12290;&#32929;&#19996;&#22823;&#20250;&#19978;&#35201;&#27714;&#25110;&#25209;&#20934;&#37319;&#21462;&#30340;&#20219;&#20309;&#21160;&#35758;&#65292;&#22914;&#26524;&#35813;&#21160;&#35758;&#26377;&#32929;&#19996;&#25110;&#25345;&#26377;&#32929;&#26435;&#30340;&#32929;&#19996;&#31614;&#32626;&#30340;&#20070;&#38754;&#21516;&#24847;&#35777;&#26126;&#65292;&#21017;&#21487;&#20197;&#22312;&#19981;&#21484;&#24320;&#20250;&#35758;&#21644;&#19981;&#20107;&#20808;&#36890;&#30693;&#30340;&#24773;&#20917;&#19979;&#37319;&#21462;&#65292;&#36890;&#36807;&#32929;&#19996;&#31614;&#32626;&#25110;&#22914;&#26524;&#35813;&#21160;&#35758;&#26159;&#22312;&#32929;&#19996;&#22823;&#20250;&#19978;&#20197;&#36190;&#25104;&#31080;&#37319;&#21462;&#30340;&#65292;&#21017;&#38656;&#35201;&#25345;&#26377;&#32929;&#26435;&#30340;&#32929;&#19996;&#25209;&#20934;&#35813;&#21160;&#35758;&#12290;&#20070;&#38754;&#21516;&#24847;&#37319;&#21462;&#30340;&#21160;&#35758;&#24212;&#22312;&#24517;&#38656;&#30340;&#32929;&#19996;&#31614;&#32626;&#21516;&#24847;&#20070;&#21518;&#29983;&#25928;&#65292;&#38500;&#38750;&#21516;&#24847;&#20070;&#35268;&#23450;&#20102;&#19981;&#21516;&#30340;&#29983;&#25928;&#26085;&#26399;&#65288;&#22312;&#36825;&#31181;&#24773;&#20917;&#19979;&#65292;&#35813;&#21516;&#24847;&#20070;&#24212;&#33258;&#35813;&#19981;&#21516;&#26085;&#26399;&#36215;&#29983;&#25928;&#65289;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Notwithstanding
Section&#8239;3.5.2(a), and subject to and except as otherwise provided in the other VRB China Joint Venture Agreements, or except as
otherwise required by the VRB China Organizational Documents or Law, the following matters may not be taken by VRB China, or the Board,
any of its Directors, or any of its officers in the name or on behalf of VRB China, without the affirmative vote or consent of the Shareholder
holding, or the Shareholders collectively holding, at least two-thirds&#8239;(2/3) of the Equity Interests:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#23613;&#31649;&#26377;&#31532;</FONT>3.5.2<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65288;</FONT>a<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#26465;&#30340;&#32422;&#23450;&#65292;&#38500;&#38750;&#20854;&#20182;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#21512;&#36164;&#21327;&#35758;&#21478;&#26377;&#32422;&#23450;&#65292;&#25110;&#38500;&#38750;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#35774;&#31435;&#25991;&#20214;&#25110;&#27861;&#24459;&#21478;&#26377;&#35201;&#27714;&#65292;&#26410;&#32463;&#25345;&#26377;&#25110;&#20849;&#21516;&#25345;&#26377;&#33267;&#23569;&#19977;&#20998;&#20043;&#20108;&#65288;</FONT>2/3<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#32929;&#26435;&#30340;&#32929;&#19996;&#30340;&#36190;&#25104;&#31080;&#25110;&#21516;&#24847;&#65292;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#12289;&#33891;&#20107;&#20250;&#12289;&#20854;&#20219;&#20309;&#33891;&#20107;&#25110;&#20854;&#20219;&#20309;&#39640;&#32423;&#32844;&#21592;&#19981;&#24471;&#20197;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#30340;&#21517;&#20041;&#25110;&#20195;&#34920;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#22788;&#29702;&#20197;&#19979;&#20107;&#39033;&#65306;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
formation, creation, acquisition, ownership, operation, or conduct of any business other than the Business;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: 0.5in">&#25104;&#31435;&#12289;&#21019;&#24314;&#12289;&#25910;&#36141;&#12289;&#25317;&#26377;&#12289;&#32463;&#33829;&#25110;&#24320;&#23637;&#38500;&#19994;&#21153;&#20197;&#22806;&#30340;&#20219;&#20309;&#19994;&#21153;&#65307;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Except
for Current Budgets or any modifications made to the Current Budgets in accordance with the Transition Plan, the approval or modification
of any Annual Budget or any annual accounts;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&#38500;&#24403;&#21069;&#39044;&#31639;&#25110;&#26681;&#25454;&#12298;&#36807;&#28193;&#35745;&#21010;&#12299;&#23545;&#24403;&#21069;&#39044;&#31639;&#36827;&#34892;&#30340;&#20219;&#20309;&#20462;&#25913;&#22806;&#65292;&#20219;&#20309;&#24180;&#24230;&#39044;&#31639;&#25110;&#20219;&#20309;&#24180;&#24230;&#36134;&#30446;&#30340;&#25209;&#20934;&#25110;&#20462;&#25913;&#65307;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
adoption, approval, or any modification of VRB China&rsquo;s profit distribution and loss recovery plan;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#37319;&#29992;&#12289;&#25209;&#20934;&#25110;&#20462;&#25913;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#30340;&#21033;&#28070;&#20998;&#37197;&#21644;&#20111;&#25439;&#24357;&#34917;&#35745;&#21010;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Except
as required by the terms of the Purchase Agreement, any increase or decrease in VRB China&rsquo;s registered capital;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&#8239;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#38500;&#36141;&#20080;&#21327;&#35758;&#26465;&#27454;&#35201;&#27714;&#22806;&#65292;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#27880;&#20876;&#36164;&#26412;&#30340;&#20219;&#20309;&#22686;&#21152;&#25110;&#20943;&#23569;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Except
as provided in Article&nbsp;4 (Financing), the incurrence of any substantial financial indebtedness in excess of, in the aggregate, RMB
20,000,000 by VRB China or any of its Subsidiaries, including any loans from Shareholders (other than Shareholder loans to support VRB
China&rsquo;s liquidity requirements);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#38500;&#31532;</FONT>4<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#65288;&#34701;&#36164;&#65289;&#32422;&#23450;&#22806;&#65292;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#25110;&#20854;&#20219;&#20309;&#23376;&#20844;&#21496;&#21457;&#29983;&#30340;&#20219;&#20309;&#24635;&#25968;&#36229;&#36807;&#20154;&#27665;&#24065;</FONT>20,000,000<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20803;&#30340;&#37325;&#22823;&#37329;&#34701;&#20538;&#21153;&#65292;&#21253;&#25324;&#32929;&#19996;&#25552;&#20379;&#30340;&#20219;&#20309;&#36151;&#27454;&#65288;&#25903;&#25345;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#27969;&#21160;&#24615;&#35201;&#27714;&#25552;&#20379;&#30340;&#32929;&#19996;&#36151;&#27454;&#38500;&#22806;&#65289;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(vi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Except
for the issuance of Equity Interests pursuant to the employee share incentive plan of VRB China as duly adopted by the Board, the issuance
of any Equity Interests of any nature to any Person other than CES, VRB Cayman, or their respective Permitted Transferees;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#38500;&#26681;&#25454;&#33891;&#20107;&#20250;&#27491;&#24335;&#36890;&#36807;&#30340;</FONT>VRB
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#21592;&#24037;&#32929;&#26435;&#28608;&#21169;&#35745;&#21010;&#21457;&#34892;&#32929;&#26435;&#22806;&#65292;&#21521;&#20013;&#33021;&#20648;&#12289;</FONT>VRB
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#25110;&#20854;&#21508;&#33258;&#30340;&#35768;&#21487;&#21463;&#35753;&#20154;&#20197;&#22806;&#30340;&#20219;&#20309;&#20154;&#21457;&#34892;&#20219;&#20309;&#24615;&#36136;&#30340;&#32929;&#26435;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(vii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Granting
a pledge, lien or charge over any Intellectual Property or other assets of VRB China or any Equity Interests;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#23545;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#30340;&#20219;&#20309;&#30693;&#35782;&#20135;&#26435;&#25110;&#20854;&#20182;&#36164;&#20135;&#25110;&#20219;&#20309;&#32929;&#26435;&#25480;&#20104;&#36136;&#25276;&#12289;&#30041;&#32622;&#25110;&#25276;&#35760;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(viii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Except
for the completion of the assignments contemplated in Section&#8239;3.8 of the Purchase Agreement or the licensing of software, know-how,
or marks in the ordinary course of business, the sale, assignment, licensing, or other transfer of any Intellectual Property used in
or relating to the Business;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#38500;&#20026;&#23436;&#25104;&#36141;&#20080;&#21327;&#35758;&#31532;</FONT>3.8<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#32422;&#23450;&#30340;&#36716;&#35753;&#25110;&#22312;&#27491;&#24120;&#19994;&#21153;&#36807;&#31243;&#20013;&#35768;&#21487;&#36719;&#20214;&#12289;&#19987;&#26377;&#25216;&#26415;&#25110;&#21830;&#26631;&#22806;&#65292;&#20986;&#21806;&#12289;&#36716;&#35753;&#12289;&#35768;&#21487;&#25110;&#20197;&#20854;&#20182;&#26041;&#24335;&#36716;&#35753;&#19994;&#21153;&#20013;&#20351;&#29992;&#30340;&#25110;&#19982;&#19994;&#21153;&#26377;&#20851;&#30340;&#20219;&#20309;&#30693;&#35782;&#20135;&#26435;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(ix)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Any
merger, division, dissolution, liquidation, or change in the company form of VRB China;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">VRB</FONT>&#20013;&#22269;&#30340;&#20219;&#20309;&#21512;&#24182;&#12289;&#20998;&#31435;&#12289;&#35299;&#25955;&#12289;&#28165;&#31639;&#25110;&#20844;&#21496;&#24418;&#24335;&#30340;&#21464;&#26356;&#65307;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(x)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Any
transfer of any Equity Interests by any Shareholder to any Person other than CES or VRB Cayman or their respective Permitted Transferees,
except in compliance with Section&#8239;6.4 (Rights of First Refusal) and Section&#8239;6.5 (Tag-Along Rights), or in connection with
a public exchange listing of VRB China;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&#8239;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#20219;&#20309;&#32929;&#19996;&#21521;&#38500;&#20013;&#33021;&#20648;&#25110;</FONT>VRB
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#25110;&#20854;&#21508;&#33258;&#35768;&#21487;&#21463;&#35753;&#20154;&#20197;&#22806;&#30340;&#20219;&#20309;&#20154;&#36716;&#35753;&#20219;&#20309;&#32929;&#26435;&#65292;&#38500;&#38750;&#31526;&#21512;&#31532;</FONT>6.4<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#65288;&#20248;&#20808;&#36141;&#20080;&#26435;&#65289;&#21644;&#31532;</FONT>6.5<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#65288;&#38543;&#21806;&#26435;&#65289;&#30340;&#35268;&#23450;&#65292;&#25110;&#19982;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#30340;&#20844;&#24320;&#19978;&#24066;&#26377;&#20851;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(xi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Any
acquisition of assets by VRB China pursuant to which Equity Interests are to be issued as consideration;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">VRB</FONT>&#20013;&#22269;&#23545;&#36164;&#20135;&#30340;&#20219;&#20309;&#25910;&#36141;&#65292;&#26681;&#25454;&#35813;&#25910;&#36141;&#65292;&#23558;&#20197;&#21457;&#34892;&#32929;&#26435;&#20316;&#20026;&#23545;&#20215;&#65307;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(xii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Any
material disposition of assets by VRB China, other than transactions made in the ordinary course of business with the disposition of
any asset with a value of at least RMB 10,000,000 being deemed material;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">VRB</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#23545;&#36164;&#20135;&#30340;&#20219;&#20309;&#37325;&#22823;&#22788;&#32622;&#65292;&#20294;&#22312;&#27491;&#24120;&#19994;&#21153;&#36807;&#31243;&#20013;&#36827;&#34892;&#30340;&#20132;&#26131;&#38500;&#22806;&#65292;&#22788;&#32622;&#20215;&#20540;&#33267;&#23569;&#20026;&#20154;&#27665;&#24065;</FONT>10,000,000<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20803;&#30340;&#20219;&#20309;&#36164;&#20135;&#34987;&#35270;&#20026;&#37325;&#22823;&#22788;&#32622;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xiii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The
entering of material related party transactions (being any transaction with an aggregate value of at least RMB 10,000,000) other than
transactions with CES or its Affiliates as contemplated by the Current Budget or an Annual Budget; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#36827;&#34892;&#37325;&#22823;&#20851;&#32852;&#20132;&#26131;&#65288;&#24635;&#20215;&#20540;&#33267;&#23569;&#20026;&#20154;&#27665;&#24065;</FONT>10,000,000<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20803;&#30340;&#20219;&#20309;&#20132;&#26131;&#65289;&#65292;&#20294;&#19981;&#21253;&#25324;&#24403;&#21069;&#39044;&#31639;&#25110;&#24180;&#24230;&#39044;&#31639;&#20013;&#35268;&#23450;&#30340;&#19982;&#20013;&#33021;&#20648;&#25110;&#20854;&#20851;&#32852;&#26041;&#30340;&#20132;&#26131;&#65307;&#20197;&#21450;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(xiv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
amendment, restatement or other modification to any of the VRB China Organizational Documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#23545;&#20219;&#20309;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#35774;&#31435;&#25991;&#20214;&#30340;&#20462;&#35746;&#12289;&#37325;&#36848;&#25110;&#20854;&#20182;&#20462;&#25913;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT>Capital Reduction<FONT STYLE="font-weight: normal">. After the Control Acquisition Date, VRB China shall proceed with the
reduction of the unpaid registered capital of VRB China as the Board determines necessary (the &ldquo;</FONT>Capital Reduction<FONT STYLE="font-weight: normal">&rdquo;)
and register such Capital Reduction with the competent company registration authorities, or take such other action as the Board determines
necessary to address VRB China&rsquo;s unpaid registered capital; provided, that under no circumstances shall VRB China require VRB Cayman
or CES to contribute capital to VRB China in satisfaction of any unpaid registered capital of VRB China unless finally required by the
applicable Laws. Both VRB Cayman and CES shall conduct all necessary actions and provide all necessary assistance relating to the Capital
Reduction, including but not limited to signing, or causing the directors designated by them, respectively, to sign, any documentation
required for the Capital Reduction, including but not limited to board resolutions, shareholders resolutions, amended articles of association,
and administrative forms, etc., as determined by the Board in its discretion.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal">&#22312;&#25511;&#21046;&#26435;&#21462;&#24471;&#26085;&#20043;&#21518;&#65292;</FONT><FONT STYLE="font-weight: normal">VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#24212;&#22312;&#33891;&#20107;&#20250;&#35748;&#20026;&#24517;&#35201;&#30340;&#24773;&#20917;&#19979;&#25512;&#36827;&#32553;&#20943;&#27880;&#20876;&#36164;&#26412;&#65288;&ldquo;&#20943;&#36164;&rdquo;&#65289;&#65292;&#24182;&#22312;&#36866;&#29992;&#30340;&#20844;&#21496;&#22791;&#26696;&#26426;&#26500;&#23601;&#35813;&#39033;&#20943;&#36164;&#36827;&#34892;&#22791;&#26696;&#65292;&#25110;&#37319;&#21462;&#33891;&#20107;&#20250;&#35748;&#20026;&#24517;&#35201;&#30340;&#20854;&#20182;&#25514;&#26045;&#20197;&#35299;&#20915;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#30340;&#26410;&#32564;&#27880;&#20876;&#36164;&#26412;&#65292;&#21069;&#25552;&#26159;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#22312;&#20219;&#20309;&#24773;&#20917;&#19979;&#22343;&#19981;&#33021;&#35201;&#27714;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#25110;&#20013;&#33021;&#20648;&#21521;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#36827;&#34892;&#27880;&#36164;&#20197;&#28385;&#36275;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#30340;&#26410;&#32564;&#27880;&#20876;&#36164;&#26412;&#65292;&#38500;&#38750;&#36866;&#29992;&#27861;&#24459;&#26368;&#32456;&#35201;&#27714;&#12290;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#21450;&#20013;&#33021;&#20648;&#21452;&#26041;&#22343;&#39035;&#23601;&#20943;&#36164;&#36827;&#34892;&#25152;&#26377;&#24517;&#35201;&#30340;&#24037;&#20316;&#24182;&#25552;&#20379;&#25152;&#26377;&#24517;&#35201;&#30340;&#21327;&#21161;&#65292;&#21253;&#25324;&#20294;&#19981;&#38480;&#20110;&#31614;&#32626;&#25110;&#20351;&#20854;&#22996;&#25176;&#30340;&#33891;&#20107;&#31614;&#32626;&#20219;&#20309;&#20943;&#36164;&#38656;&#35201;&#30340;&#25991;&#20214;&#65292;&#21253;&#25324;&#20294;&#19981;&#38480;&#20110;&#33891;&#20107;&#20250;&#20915;&#35758;&#12289;&#32929;&#19996;&#20915;&#35758;&#12289;&#20462;&#35746;&#29256;&#31456;&#31243;&#12289;&#20197;&#21450;&#34892;&#25919;&#34920;&#26684;&#31561;&#12290;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>Article&#8239;4</B></FONT><B><FONT STYLE="text-transform: uppercase"><BR>
ACCOUNTING AND FINANCING<BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#31532;&#22235;&#26465; &#20250;&#35745;&#19982;&#31609;&#36164;</FONT></FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4.1&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Budgeting</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><B>&#39044;&#31639;&#32534;&#21046;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4.1.1&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Budgets</B>.
The Business shall be conducted, expenses shall be incurred, and assets shall be acquired only pursuant to Budgets approved in accordance
with this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt"><B>&#39044;&#31639;&#12290;
</B></FONT>&#19994;&#21153;&#30340;&#24320;&#23637;&#12289;&#36153;&#29992;&#30340;&#21457;&#29983;&#21644;&#36164;&#20135;&#30340;&#33719;&#24471;&#21482;&#33021;&#20381;&#25454;&#26681;&#25454;&#26412;&#21327;&#35758;&#25209;&#20934;&#30340;&#39044;&#31639;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4.1.2&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Preparation
of Budgets</B>. Management shall, at least sixty (60)&#8239;days prior to the end of each Financial Year, prepare and submit to the Board
a detailed Annual Budget in relation to the forthcoming Financial Year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#39044;&#31639;&#30340;&#32534;&#21046;&#12290;
</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#31649;&#29702;&#23618;&#24212;&#22312;&#27599;&#20010;&#36130;&#25919;&#24180;&#24230;&#32467;&#26463;&#21069;&#33267;&#23569;&#20845;&#21313;&#65288;</FONT>60<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#22825;&#32534;&#21046;&#24182;&#21521;&#33891;&#20107;&#20250;&#25552;&#20132;&#19979;&#19968;&#20010;&#36130;&#25919;&#24180;&#24230;&#30340;&#35814;&#32454;&#24180;&#24230;&#39044;&#31639;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4.1.3&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Approval
and Funding of Budgets</B>. A Budget shall be deemed adopted and effective upon approval by the Board and Shareholders as required by
Section&#8239;3.5.2(b)(ii).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#39044;&#31639;&#30340;&#25209;&#20934;&#21644;&#20379;&#36164;&#12290;
</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26681;&#25454;&#31532;</FONT> 3.5.2<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65288;</FONT>b<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#65288;</FONT>ii<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#26465;&#30340;&#35268;&#23450;&#65292;&#39044;&#31639;&#19968;&#32463;&#33891;&#20107;&#20250;&#21644;&#32929;&#19996;&#25209;&#20934;&#65292;&#21363;&#35270;&#20026;&#36890;&#36807;&#24182;&#29983;&#25928;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4.1.4&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Budget
Overruns</B>. Overruns of ten percent&#8239;(10%) or more of the amount provided for in any approved Budget shall require Board approval.
Without prejudice to the foregoing, management shall immediately notify the Board of any anticipated material departure from, or proposed
changes to, the then applicable approved Budget and overruns of five percent&#8239;(5%) or more of the amount provided for in an approved
Budget shall be added to the agenda for discussion at the next meeting of the Board.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#39044;&#31639;&#36229;&#25903;&#12290;
</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#39044;&#31639;&#36229;&#25903;&#36798;&#21040;&#25110;&#36229;&#36807;&#20219;&#20309;&#24050;&#25209;&#20934;&#39044;&#31639;&#37329;&#39069;&#30340;&#30334;&#20998;&#20043;&#21313;
 &#65288;</FONT>10%<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#26102;&#65292;&#39035;&#32463;&#33891;&#20107;&#20250;&#25209;&#20934;&#12290;
 &#22312;&#19981;&#24433;&#21709;&#21069;&#36848;&#35268;&#23450;&#30340;&#21069;&#25552;&#19979;&#65292;&#31649;&#29702;&#23618;&#24212;&#31435;&#21363;&#36890;&#30693;&#33891;&#20107;&#20250;&#20219;&#20309;&#19982;&#24403;&#26102;&#36866;&#29992;&#30340;&#24050;&#25209;&#20934;&#39044;&#31639;&#30340;&#39044;&#26399;&#37325;&#22823;&#20559;&#31163;&#25110;&#25311;&#35758;&#21464;&#26356;&#65292;&#32780;&#36229;&#20986;&#24050;&#25209;&#20934;&#39044;&#31639;&#37329;&#39069;&#30334;&#20998;&#20043;&#20116;&#65288;</FONT>5%<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#25110;&#20197;&#19978;&#30340;&#37096;&#20998;&#24212;&#21015;&#20837;&#19979;&#19968;&#27425;&#33891;&#20107;&#20250;&#20250;&#35758;&#35758;&#31243;&#36827;&#34892;&#35752;&#35770;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4.2&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Existing
Financing Obligations</B>. Notwithstanding the provisions of Section&#8239;4.1, the Parties acknowledge, ratify, and confirm the following
existing obligations as of the Effective Date to finance the Business:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#29616;&#26377;&#34701;&#36164;&#20041;&#21153;&#12290;
</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#23613;&#31649;&#26377;&#31532;</FONT> 4.1 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#30340;&#35268;&#23450;&#65292;&#21508;&#26041;&#25215;&#35748;&#12289;&#25209;&#20934;&#24182;&#30830;&#35748;&#20197;&#19979;&#25130;&#33267;&#29983;&#25928;&#26085;&#30340;&#29616;&#26377;&#34701;&#36164;&#20041;&#21153;&#65306;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4.2.1&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT>CES
shall make the Equity Transfer payments to VRB Cayman and the Capital Increase payments to VRB China as provided in the Purchase Agreement
and the Payment Schedule (as defined therein and attached thereto as Appendix 1);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#20013;&#33021;&#20648;&#24212;&#25353;&#29031;&#36141;&#20080;&#21327;&#35758;&#21644;&#20184;&#27454;&#26102;&#38388;&#34920;&#65288;&#22914;&#26412;&#21327;&#35758;&#23450;&#20041;&#21644;&#38468;&#20214;</FONT>1<FONT STYLE="font-family: Times New Roman, Times, Serif">&#25152;&#31034;&#65289;&#30340;&#35268;&#23450;&#65292;&#21521;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#25903;&#20184;&#32929;&#26435;&#36716;&#35753;&#27454;&#65292;&#21521;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#25903;&#20184;&#22686;&#36164;&#27454;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4.2.2&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT>As
of the Effective Date, the Parties have approved the Annual Budgets for the remainder of the Financial Year 2024 and the Financial Year
2025 that are attached to the Transition Plan (each a &ldquo;<B>Current Budget</B>&rdquo; and collectively the &ldquo;<B>Current Budgets</B>&rdquo;),
and CES shall make the capital contributions to VRB China as required by the Current Budgets;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#25130;&#33267;&#29983;&#25928;&#26085;&#65292;&#21508;&#26041;&#24050;&#25209;&#20934;&#20102;&#12298;&#36807;&#28193;&#35745;&#21010;&#12299;&#25152;&#38468;&#30340;</FONT>2024<FONT STYLE="font-family: Times New Roman, Times, Serif">&#36130;&#25919;&#24180;&#24230;&#21097;&#20313;&#26102;&#38388;&#21644;</FONT>2025<FONT STYLE="font-family: Times New Roman, Times, Serif">&#36130;&#25919;&#24180;&#24230;&#30340;&#24180;&#24230;&#39044;&#31639;&#65288;&ldquo;<B>&#24403;&#21069;&#39044;&#31639;</B>&rdquo;&#65289;&#65292;&#20013;&#33021;&#20648;&#24212;&#25353;&#29031;&#24403;&#21069;&#39044;&#31639;&#30340;&#35201;&#27714;&#21521;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#20986;&#36164;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4.2.3&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT>None
of VRB China nor any Shareholder shall incur any expenses on behalf of VRB China, or reimburse any expenses of VRB China, except as may
be provided for in Current Budgets; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">VRB</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#25110;&#20219;&#20309;&#32929;&#19996;&#22343;&#19981;&#24471;&#20195;&#34920;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#25215;&#25285;&#20219;&#20309;&#36153;&#29992;&#65292;&#20063;&#19981;&#24471;&#25253;&#38144;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#30340;&#20219;&#20309;&#36153;&#29992;&#65292;&#20294;&#24403;&#21069;&#39044;&#31639;&#20013;&#21478;&#26377;&#35268;&#23450;&#30340;&#38500;&#22806;&#65307;&#21644;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4.2.4&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT>VRB
China shall manage its assets and liabilities, pay any expenses or incur any liabilities, or establish any reserves, as may be provided
for in the Current Budgets.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">VRB</FONT>&#20013;&#22269;&#24212;&#25353;&#29031;&#24403;&#21069;&#39044;&#31639;&#30340;&#35268;&#23450;&#31649;&#29702;&#20854;&#36164;&#20135;&#21644;&#36127;&#20538;&#65292;&#25903;&#20184;&#20219;&#20309;&#36153;&#29992;&#25110;&#25215;&#25285;&#20219;&#20309;&#36127;&#20538;&#65292;&#25110;&#24314;&#31435;&#20219;&#20309;&#20648;&#22791;&#37329;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4.3&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Additional
Financing</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><B>&#39069;&#22806;&#34701;&#36164;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4.3.1&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT>If
the Board determines that VRB China requires additional funding, which may or may not be pursuant to a Budget, then subject to any Shareholder
approval requirements under Section&#8239;3.5.2(b), the Board may call for the Shareholders to provide the additional funding (&ldquo;<B>Additional
Financing</B>&rdquo;) in the form of either contributions of capital (&ldquo;<B>Capital Contribution</B>&rdquo;) or loans (&ldquo;<B>Shareholder
Loan</B>&rdquo;), as determined by the Board. Notwithstanding the foregoing, except to the extent otherwise determined by the unanimous
approval of the Board, any Additional Financing shall not be obtained by VRB China until CES has made all capital contributions to VRB
China as required by the Current Budgets.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#22914;&#26524;&#33891;&#20107;&#20250;&#20915;&#23450;
</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#38656;&#35201;&#39069;&#22806;&#30340;&#36164;&#37329;&#65288;&#21487;&#33021;&#26159;&#20063;&#21487;&#33021;&#19981;&#26159;&#26681;&#25454;&#39044;&#31639;&#65289;&#65292;&#21017;&#22312;&#31526;&#21512;&#31532;
</FONT>3.5.2<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65288;</FONT>b<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#26465;&#35268;&#23450;&#30340;&#20219;&#20309;&#32929;&#19996;&#25209;&#20934;&#35201;&#27714;&#30340;&#21069;&#25552;&#19979;&#65292;&#33891;&#20107;&#20250;&#21487;&#35201;&#27714;&#32929;&#19996;&#20197;&#20986;&#36164;&#65288;&ldquo;<B>&#20986;&#36164;</B>&rdquo;&#65289;&#25110;&#36151;&#27454;&#65288;&ldquo;<B>&#32929;&#19996;&#36151;&#27454;</B>&rdquo;&#65289;&#30340;&#24418;&#24335;&#25552;&#20379;&#39069;&#22806;&#30340;&#36164;&#37329;&#65288;&ldquo;<B>&#39069;&#22806;&#34701;&#36164;</B>&rdquo;&#65289;&#65292;&#20855;&#20307;&#24418;&#24335;&#30001;&#33891;&#20107;&#20250;&#20915;&#23450;&#12290;&#23613;&#31649;&#26377;&#19978;&#36848;&#35268;&#23450;&#65292;&#38500;&#38750;&#32463;&#33891;&#20107;&#20250;&#19968;&#33268;&#25209;&#20934;&#65292;&#21542;&#21017;&#22312;&#20013;&#33021;&#20648;&#25353;&#24403;&#21069;&#39044;&#31639;&#35201;&#27714;&#21521;
</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#25552;&#20379;&#25152;&#26377;&#20986;&#36164;&#20043;&#21069;&#65292;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#19981;&#24471;&#33719;&#24471;&#20219;&#20309;&#39069;&#22806;&#34701;&#36164;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4.3.2&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT>The
Shareholders shall have the right, but shall not be obligated, to provide Additional Financing to VRB China. The Shareholders shall not
be obligated to participate in any guarantee or similar undertaking in relation to VRB China.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#32929;&#19996;&#26377;&#26435;&#20294;&#26080;&#20041;&#21153;&#21521;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#25552;&#20379;&#39069;&#22806;&#34701;&#36164;&#12290;&#32929;&#19996;&#27809;&#26377;&#20041;&#21153;&#21442;&#19982;&#19982;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#26377;&#20851;&#30340;&#20219;&#20309;&#25285;&#20445;&#25110;&#31867;&#20284;&#25215;&#35834;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4.3.3&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT>All
Additional Financing shall be allocated among the Shareholders proportionately in accordance with their respective Equity Interests in
VRB China.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#25152;&#26377;&#39069;&#22806;&#34701;&#36164;&#24212;&#25353;&#29031;&#32929;&#19996;&#22312;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#30340;&#32929;&#26435;&#27604;&#20363;&#22312;&#32929;&#19996;&#20043;&#38388;&#20998;&#37197;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4.3.4&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT>VRB
China shall notify the Shareholders in advance of an Additional Financing (&ldquo;<B>Additional Financing Notice</B>&rdquo;). If the
Additional Financing is to be made pursuant to an Annual Budget, the Shareholders shall have twenty (20) Business Days following the
date of the Additional Financing Notice to fund their portion of the Additional Financing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">VRB</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#24212;&#25552;&#21069;&#36890;&#30693;&#32929;&#19996;&#39069;&#22806;&#34701;&#36164;&#65288;&ldquo;<B>&#39069;&#22806;&#34701;&#36164;&#36890;&#30693;</B>&rdquo;&#65289;&#12290;&#22914;&#26524;&#26681;&#25454;&#24180;&#24230;&#39044;&#31639;&#36827;&#34892;&#39069;&#22806;&#34701;&#36164;&#65292;&#32929;&#19996;&#24212;&#22312;&#39069;&#22806;&#34701;&#36164;&#36890;&#30693;&#26085;&#21518;&#20108;&#21313;&#65288;</FONT>20<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#20010;&#24037;&#20316;&#26085;&#20869;&#20026;&#20854;&#37096;&#20998;&#39069;&#22806;&#34701;&#36164;&#25552;&#20379;&#36164;&#37329;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4.3.5&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT>If
any Shareholder does not fund their portion of Additional Financing in full by the relevant due date (a &ldquo;<B>Non-Funding Shareholder</B>&rdquo;),
then VRB China shall provide a notice to each other Shareholder that did fund its Additional Financing in full by the relevant due date
(a &ldquo;<B>Funding Shareholder</B>&rdquo;) that specifies (A)&#8239;the amount that the Non-Funding Shareholder has not funded (the
 &ldquo;<B>Unfunded Amount</B>&rdquo;) and (B)&#8239;the date by which the Funding Shareholder may fund the Unfunded Amount; provided,
that if there is more than one Funding Shareholder, the right of the Funding Shareholders to fund the Unfunded Amount shall be allocated
among them on a pro rata basis according to their respective amounts of Additional Financing they have funded in response to the Additional
Financing Notice as of the date of the calculation. A Funding Shareholder may, in its sole discretion, fund some or all of the Unfunded
Amount by the date specified in the notice from VRB China, which funding must be made in the same form (Capital Contribution or Shareholder
Loan). This process in Section&#8239;4.3.4 shall be repeated, with each amount of Additional Financing that is not funded by a Funding
Shareholder pursuant to this Section&#8239;4.3.4 treated as an Unfunded Amount, until either the Additional Financing is funded in full
or no Funding Shareholder remains.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#22914;&#26524;&#20219;&#20309;&#32929;&#19996;&#26410;&#22312;&#30456;&#20851;&#21040;&#26399;&#26085;&#20043;&#21069;&#20840;&#39069;&#20986;&#36164;&#20854;&#39069;&#22806;&#34701;&#36164;&#37096;&#20998;&#65288;&ldquo;<B>&#26410;&#20986;&#36164;&#32929;&#19996;</B>&rdquo;&#65289;&#65292;&#21017;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#24212;&#21521;&#22312;&#30456;&#20851;&#21040;&#26399;&#26085;&#20043;&#21069;&#20840;&#39069;&#20986;&#36164;&#20854;&#39069;&#22806;&#34701;&#36164;&#30340;&#20854;&#20182;&#21508;&#32929;&#19996;&#65288;&ldquo;<B>&#20986;&#36164;&#32929;&#19996;</B>&rdquo;&#65289;&#21457;&#20986;&#36890;&#30693;&#65292;&#36890;&#30693;&#20013;&#24212;&#25351;&#26126;&#65288;</FONT>A<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#26410;&#20986;&#36164;&#32929;&#19996;&#26410;&#20986;&#36164;&#30340;&#37329;&#39069;&#65288;&ldquo;<B>&#26410;&#20986;&#36164;&#37329;&#39069;</B>&rdquo;&#65289;&#20197;&#21450;&#65288;</FONT>B<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#20986;&#36164;&#32929;&#19996;&#21487;&#20986;&#36164;&#26410;&#20986;&#36164;&#37329;&#39069;&#30340;&#26085;&#26399;&#65307;&#21069;&#25552;&#26159;&#65292;&#22914;&#26524;&#26377;&#19968;&#20010;&#20197;&#19978;&#30340;&#20986;&#36164;&#32929;&#19996;&#65292;&#20986;&#36164;&#32929;&#19996;&#20026;&#26410;&#20986;&#36164;&#37329;&#39069;&#20986;&#36164;&#30340;&#26435;&#21033;&#24212;&#26681;&#25454;&#20854;&#22312;&#35745;&#31639;&#26085;&#20026;&#21709;&#24212;&#39069;&#22806;&#34701;&#36164;&#36890;&#30693;&#32780;&#21508;&#33258;&#20986;&#36164;&#30340;&#39069;&#22806;&#34701;&#36164;&#39069;&#25353;&#27604;&#20363;&#20998;&#37197;&#12290;&#20986;&#36164;&#32929;&#19996;&#21487;&#33258;&#34892;&#20915;&#23450;&#22312;
</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#21457;&#20986;&#36890;&#30693;&#25351;&#23450;&#30340;&#26085;&#26399;&#20043;&#21069;&#20986;&#36164;&#37096;&#20998;&#25110;&#20840;&#37096;&#26410;&#20986;&#36164;&#39069;&#65292;&#20294;&#24517;&#39035;&#20197;&#30456;&#21516;&#30340;&#24418;&#24335;&#65288;&#20986;&#36164;&#25110;&#32929;&#19996;&#36151;&#27454;&#65289;&#20986;&#36164;&#12290;&#31532;
</FONT>4.3.4 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#20013;&#30340;&#27969;&#31243;&#24212;&#37325;&#22797;&#36827;&#34892;&#65292;&#26410;&#30001;&#20986;&#36164;&#32929;&#19996;&#26681;&#25454;&#26412;&#31532;
</FONT>4.3.4 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#20986;&#36164;&#30340;&#27599;&#31508;&#39069;&#22806;&#34701;&#36164;&#37329;&#39069;&#22343;&#24212;&#35270;&#20026;&#26410;&#20986;&#36164;&#37329;&#39069;&#65292;&#30452;&#33267;&#39069;&#22806;&#34701;&#36164;&#20840;&#39069;&#20986;&#36164;&#25110;&#19981;&#20877;&#26377;&#20986;&#36164;&#32929;&#19996;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4.3.6&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT>If
an Additional Financing is to be funded in the form of Capital Contributions and a Funding Shareholder funds some or all of the Unfunded
Amount as provided in Section&#8239;4.3.4, the Equity Interest held by the Non-Funding Shareholder shall be diluted so that its shareholding
after the dilution shall be calculated according the following formula:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#22914;&#26524;&#39069;&#22806;&#34701;&#36164;&#20197;&#20986;&#36164;&#30340;&#24418;&#24335;&#36827;&#34892;&#65292;&#19988;&#20986;&#36164;&#32929;&#19996;&#25353;&#29031;&#31532;
</FONT>4.3.4 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#30340;&#35268;&#23450;&#20986;&#36164;&#37096;&#20998;&#25110;&#20840;&#37096;&#26410;&#20986;&#36164;&#39069;&#65292;&#21017;&#38750;&#20986;&#36164;&#32929;&#19996;&#25345;&#26377;&#30340;&#32929;&#26435;&#24212;&#34987;&#31232;&#37322;&#65292;&#31232;&#37322;&#21518;&#30340;&#32929;&#26435;&#24212;&#25353;&#29031;&#20197;&#19979;&#20844;&#24335;&#35745;&#31639;&#65306;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in">SH = <U>DE x 100%<BR>
</U>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;TE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Where:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&#20854;&#20013;</FONT>&#65306;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">SH = the Equity Interest of the Non-Funding Shareholder
after the dilution, expressed as a percentage</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">SH=</FONT>&#31232;&#37322;&#21518;&#38750;&#20986;&#36164;&#32929;&#19996;&#30340;&#32929;&#26435;&#65292;&#20197;&#30334;&#20998;&#27604;&#34920;&#31034;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">DE = the sum of the Capital Contributions made
by the Non-Funding Shareholder as of the date of the calculation</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">DE = </FONT>&#38750;&#20986;&#36164;&#32929;&#19996;&#25130;&#33267;&#35745;&#31639;&#26085;&#30340;&#20986;&#36164;&#24635;&#39069;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">TE = the sum of the Capital Contributions made
by all the Shareholders as of the date of the calculation</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">TE = </FONT>&#25130;&#33267;&#35745;&#31639;&#26085;&#25152;&#26377;&#32929;&#19996;&#30340;&#20986;&#36164;&#24635;&#21644;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Provided, that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&#21069;&#25552;&#26159;</FONT>&#65306;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of the Control Acquisition Date, CES is deemed
to have made Capital Contributions in the aggregate amount of RMB 357,000,000 and VRB Cayman is deemed to have made Capital Contributions
in the aggregate amount of RMB 343,000,000.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#25130;&#33267;&#25511;&#21046;&#26435;&#21462;&#24471;&#26085;&#65292;&#20013;&#33021;&#20648;&#35270;&#20026;&#24050;&#32047;&#35745;&#20986;&#36164;&#20154;&#27665;&#24065;
</FONT>357,000,000&#20803;&#65292;VRB&#24320;&#26364;&#35270;&#20026;&#24050;&#32047;&#35745;&#20986;&#36164;&#20154;&#27665;&#24065;343,000,000&#20803;&#12290;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">And,
if there is more than one Funding Shareholder, the increase in the Equity Interest held by the Funding Shareholders shall be allocated
among the Funding Shareholders on a pro rata basis according to their respective sums of Capital Contributions as of the date of the
calculation</FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#22914;&#26524;&#26377;&#19968;&#20010;&#20197;&#19978;&#30340;&#20986;&#36164;&#32929;&#19996;&#65292;&#21017;&#20986;&#36164;&#32929;&#19996;&#25152;&#25345;&#32929;&#26435;&#30340;&#22686;&#21152;&#39069;&#24212;&#26681;&#25454;&#21508;&#20986;&#36164;&#32929;&#19996;&#22312;&#35745;&#31639;&#26085;&#30340;&#20986;&#36164;&#39069;&#25353;&#27604;&#20363;&#20998;&#37197;&#32473;&#21508;&#20986;&#36164;&#32929;&#19996;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4.4&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Shareholder
Loans</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><B>&#32929;&#19996;&#36151;&#27454;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4.4.1&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT>Shareholder
Loans shall be on terms (including as to interest rate) determined by the Board.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&#32929;&#19996;&#36151;&#27454;&#30340;&#26465;&#27454;&#65288;&#21253;&#25324;&#21033;&#29575;&#65289;&#24212;&#30001;&#33891;&#20107;&#20250;&#20915;&#23450;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4.4.2&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT>Shareholder
Loans shall be unsecured and subordinated in right of payment to all indebtedness of VRB China to third parties for borrowed money.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#32929;&#19996;&#36151;&#27454;&#24212;&#26159;&#26080;&#25285;&#20445;&#30340;&#65292;&#22312;&#20184;&#27454;&#26435;&#19978;&#20174;&#23646;&#20110;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#23545;&#31532;&#19977;&#26041;&#20511;&#27454;&#30340;&#25152;&#26377;&#20538;&#21153;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4.4.3&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT>Each
Shareholder Loan shall rank <I>pari passu</I> with all other subordinated indebtedness of VRB China outstanding from time to time to
the Shareholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#27599;&#31508;&#32929;&#19996;&#36151;&#27454;&#24212;&#19982;
</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#19981;&#26102;&#27424;&#32929;&#19996;&#30340;&#25152;&#26377;&#20854;&#20182;&#27425;&#32423;&#20538;&#21153;&#20139;&#26377;&#21516;&#31561;&#26435;&#30410;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4.4.4&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT>Neither
the rights nor the obligations under a Shareholder Loan may be assigned or novated to any third party without the prior written consent
of all the Shareholders and VRB China except in connection with a transfer of an Equity Interest in accordance with Article&#8239;6.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#26410;&#32463;&#20840;&#20307;&#32929;&#19996;&#21644;
</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#20107;&#20808;&#20070;&#38754;&#21516;&#24847;&#65292;&#32929;&#19996;&#36151;&#27454;&#39033;&#19979;&#30340;&#26435;&#21033;&#21644;&#20041;&#21153;&#22343;&#19981;&#24471;&#36716;&#35753;&#25110;&#26356;&#26367;&#32473;&#20219;&#20309;&#31532;&#19977;&#26041;&#65292;&#20294;&#26681;&#25454;&#31532;
</FONT>6 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#36716;&#35753;&#32929;&#26435;&#26102;&#38500;&#22806;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4.4.5&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT>No
demand for any amount outstanding under any Shareholder Loan may be made by a Shareholder unless the Shareholders unanimously agree.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#38500;&#38750;&#32929;&#19996;&#19968;&#33268;&#21516;&#24847;&#65292;&#21542;&#21017;&#19968;&#32929;&#19996;&#19981;&#24471;&#35201;&#27714;&#20607;&#36824;&#20219;&#20309;&#32929;&#19996;&#36151;&#27454;&#39033;&#19979;&#30340;&#26410;&#20607;&#37329;&#39069;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4.5&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Capital
Contributions</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><B>&#20986;&#36164;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4.5.1&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT>Each
Capital Contribution shall rang <I>pari passu</I> with the existing Equity Interests.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&#27599;&#31508;&#20986;&#36164;&#24212;&#19982;&#29616;&#26377;&#32929;&#26435;&#20139;&#26377;&#21516;&#31561;&#26435;&#30410;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4.5.2&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT>At
completion of Capital Contributions in response to an Additional Funding Notice pursuant to the process set forth in Section&#8239;4.3,
VRB China shall amend its register of Shareholders and file with relevant Government Authorities to reflect the Equity Interests in VRB
China held by each Shareholder, as adjusted based on the Capital Contributions provided by the Shareholders in response to the Additional
Financing Notice and in accordance with the terms of Section&#8239;4.3.6.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#22312;&#26681;&#25454;&#31532;
</FONT>4.3 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#35268;&#23450;&#30340;&#31243;&#24207;&#21709;&#24212;&#39069;&#22806;&#34701;&#36164;&#36890;&#30693;&#30340;&#20986;&#36164;&#23436;&#25104;&#26102;&#65292;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#24212;&#20462;&#25913;&#20854;&#32929;&#19996;&#21517;&#20876;&#24182;&#21521;&#30456;&#20851;&#25919;&#24220;&#26426;&#20851;&#22791;&#26696;&#65292;&#20197;&#21453;&#26144;&#21508;&#32929;&#19996;&#25345;&#26377;&#30340;
</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#32929;&#26435;&#65292;&#35813;&#32929;&#26435;&#24212;&#26681;&#25454;&#32929;&#19996;&#21709;&#24212;&#39069;&#22806;&#34701;&#36164;&#36890;&#30693;&#25552;&#20379;&#30340;&#20986;&#36164;&#24182;&#25353;&#29031;&#31532;
</FONT>4.3.6 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#30340;&#26465;&#27454;&#36827;&#34892;&#35843;&#25972;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4.6&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Financing</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><B>&#34701;&#36164;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4.6.1&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT>The
Board shall determine the means in which to obtain any Additional Financing that has not been satisfied pursuant to Section&#8239;4.4
or Section&#8239;4.5.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#33891;&#20107;&#20250;&#24212;&#30830;&#23450;&#33719;&#24471;&#20219;&#20309;&#26410;&#26681;&#25454;&#31532;
</FONT>4.4 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#25110;&#31532;</FONT> 4.5 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#28385;&#36275;&#30340;&#39069;&#22806;&#34701;&#36164;&#30340;&#26041;&#24335;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4.6.2&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT>The
portion of the Additional Financing that takes the form of debt financing, if any, may consist of a loan from a Shareholder on terms
to be determined by the Board and the Shareholder, loans from local and international financing sources, and such other sources as may
be recommended by the Board based upon which source offers the best rates and terms.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&#37319;&#21462;&#20538;&#21153;&#34701;&#36164;&#24418;&#24335;&#30340;&#37096;&#20998;&#39069;&#22806;&#34701;&#36164;&#65288;&#22914;&#26377;&#65289;&#21487;&#21253;&#25324;&#32929;&#19996;&#25353;&#29031;&#33891;&#20107;&#20250;&#21644;&#32929;&#19996;&#30830;&#23450;&#30340;&#26465;&#27454;&#25552;&#20379;&#30340;&#36151;&#27454;&#12289;&#26412;&#22320;&#21644;&#22269;&#38469;&#34701;&#36164;&#28192;&#36947;&#30340;&#36151;&#27454;&#20197;&#21450;&#33891;&#20107;&#20250;&#26681;&#25454;&#21738;&#31181;&#28192;&#36947;&#25552;&#20379;&#30340;&#21033;&#29575;&#21644;&#26465;&#27454;&#26368;&#20248;&#24800;
</FONT>&#32780;&#25512;&#33616;&#30340;&#20854;&#20182;&#28192;&#36947;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4.6.3&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT>All
bank financing, whether obtained in PRC or abroad, shall be arranged in accordance with normal and sound business principles and the
terms and conditions of any such facilities shall require the approval of the Board with the approval of the Shareholders required by
Section&#8239;3.5.2(b)(v).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#25152;&#26377;&#38134;&#34892;&#34701;&#36164;&#65292;&#26080;&#35770;&#26159;&#22312;&#20013;&#22269;&#36824;&#26159;&#22269;&#22806;&#33719;&#24471;&#30340;&#65292;&#37117;&#24212;&#25353;&#29031;&#27491;&#24120;&#21644;&#20581;&#20840;&#30340;&#21830;&#19994;&#21407;&#21017;&#36827;&#34892;&#23433;&#25490;&#65292;&#20219;&#20309;&#27492;&#31867;&#36151;&#27454;&#30340;&#26465;&#27454;&#21644;&#26465;&#20214;&#37117;&#38656;&#35201;&#33891;&#20107;&#20250;&#30340;&#25209;&#20934;&#65292;&#24182;&#25353;&#29031;&#31532;</FONT>3.5.2<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65288;</FONT>b<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#65288;</FONT>v<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#26465;&#30340;&#35201;&#27714;&#33719;&#24471;&#32929;&#19996;&#30340;&#25209;&#20934;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4.7&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Accounting,
Auditing and Insurance</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><B>&#20250;&#35745;&#12289;&#23457;&#35745;&#21644;&#20445;&#38505;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4.7.1&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Accounting
Systems, Books and Policies</B>. VRB China shall keep proper books of record and accounts necessary to comply with the financial reporting
and other requirements of this Agreement including to prepare the necessary financial statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#20250;&#35745;&#21046;&#24230;&#12289;&#36134;&#31807;&#21644;&#25919;&#31574;&#12290;
</B></FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#24212;&#22949;&#21892;&#20445;&#23384;&#24517;&#35201;&#30340;&#35760;&#24405;&#31807;&#21644;&#36134;&#30446;&#65292;&#20197;&#31526;&#21512;&#26412;&#21327;&#35758;&#30340;&#36130;&#21153;&#25253;&#21578;&#21644;&#20854;&#20182;&#35201;&#27714;&#65292;&#21253;&#25324;&#32534;&#21046;&#24517;&#35201;&#30340;&#36130;&#21153;&#25253;&#34920;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4.7.2&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Accountant</B>.
VRB China shall engage an accountant with qualifications necessary to review and prepare its annual financial statements and tax returns
and filings as required by this Agreement. The Board shall select the accountant and may replace the accountant from time to time in
its discretion; provided, that the accountant must be independent from CES and VRB Cayman and their respective Affiliates and such replaced
accountant.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#20250;&#35745;&#12290;
</B></FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#24212;&#32856;&#35831;&#19968;&#21517;&#20855;&#26377;&#24517;&#35201;&#36164;&#26684;&#30340;&#20250;&#35745;&#24072;&#65292;&#36127;&#36131;&#23457;&#26680;&#21644;&#32534;&#21046;&#26412;&#21327;&#35758;&#35201;&#27714;&#30340;&#24180;&#24230;&#36130;&#21153;&#25253;&#34920;&#12289;&#32435;&#31246;&#30003;&#25253;&#34920;&#21644;&#30003;&#25253;&#25991;&#20214;&#12290;
 &#33891;&#20107;&#20250;&#24212;&#36873;&#25321;&#20250;&#35745;&#24072;&#65292;&#24182;&#21487;&#33258;&#34892;&#20915;&#23450;&#19981;&#26102;&#26356;&#25442;&#20250;&#35745;&#24072;&#65307;&#20294;&#20250;&#35745;&#24072;&#24517;&#39035;&#29420;&#31435;&#20110;&#20013;&#33021;&#20648;&#21644;
</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#21450;&#20854;&#21508;&#33258;&#30340;&#20851;&#32852;&#26041;&#20197;&#21450;&#34987;&#26356;&#25442;&#30340;&#20250;&#35745;&#24072;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4.7.3&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Auditor</B>.
VRB China shall engage a local auditor to audit its annual financial statements and prepare audit reports. The Board shall select the
auditor and may replace the auditor from time to time in its discretion; provided, that the auditor must be independent from CES and
VRB Cayman and their respective Affiliates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#23457;&#35745;&#24072;&#12290;</B></FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#24212;&#32856;&#35831;&#19968;&#21517;&#24403;&#22320;&#23457;&#35745;&#24072;&#23457;&#35745;&#20854;&#24180;&#24230;&#36130;&#21153;&#25253;&#34920;&#24182;&#32534;&#21046;&#23457;&#35745;&#25253;&#21578;&#12290;&#33891;&#20107;&#20250;&#24212;&#36873;&#25321;&#23457;&#35745;&#24072;&#65292;&#24182;&#21487;&#19981;&#26102;&#37196;&#24773;&#26356;&#25442;&#23457;&#35745;&#24072;&#65307;&#20294;&#23457;&#35745;&#24072;&#24517;&#39035;&#29420;&#31435;&#20110;&#20013;&#33021;&#20648;&#21644;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#21450;&#20854;&#21508;&#33258;&#30340;&#20851;&#32852;&#26041;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4.7.4&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Insurance</B>.
VRB China shall procure and maintain all such insurance as may be required by Law or as may otherwise be reasonably necessary to protect
the assets and operations of VRB China.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#20445;&#38505;&#12290;</B></FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#24212;&#36141;&#20080;&#24182;&#32500;&#25345;&#27861;&#24459;&#35268;&#23450;&#30340;&#25110;&#20445;&#25252;
</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#30340;&#36164;&#20135;&#21644;&#36816;&#33829;&#25152;&#21512;&#29702;&#38656;&#35201;&#30340;&#25152;&#26377;&#20445;&#38505;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4.7.5&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT>VRB
Cayman Financial Statement and Audit Requirements<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">. The Parties
acknowledge and understand that the ultimate parent company of VRB Cayman is subject to accounting, auditing, and other standards imposed
by U.S. securities Law. For so long as required by VRB Cayman, (i) VRB China shall engage, at VRB Cayman&rsquo;s expenses, Deloitte China
or another PCAOB registered audit firm acceptable to VRB Cayman and VRB China, to audit VRB China&rsquo;s annual financial statements
and prepare audit reports in accordance with the requirements applicable to VRB Cayman, and (ii) VRB China shall provide such necessary
or appropriate information to such auditor to complete its audits and to VRB Cayman&rsquo;s personnel or designated accountant to prepare,
at VRB Cayman&rsquo;s expenses, financial statements of VRB China in accordance with US GAAP.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt; text-align: justify; text-indent: 67.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>VRB</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#36130;&#21153;&#25253;&#21578;&#21450;&#23457;&#35745;&#35201;&#27714;&#12290;</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#21508;&#26041;&#30693;&#26195;&#24182;&#29702;&#35299;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#30340;&#26368;&#32456;&#27597;&#20844;&#21496;&#21463;&#21046;&#20110;&#32654;&#22269;&#35777;&#21048;&#27861;&#35268;&#23450;&#30340;&#20250;&#35745;&#12289;&#23457;&#35745;&#20197;&#21450;&#20854;&#20182;&#26631;&#20934;&#12290;&#22914;&#26524;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#20316;&#20986;&#30456;&#20851;&#35201;&#27714;&#65292;</FONT>(i)VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#24212;&#32856;&#29992;&#24503;&#21220;&#20013;&#22269;&#25110;&#20854;&#20182;&#22312;&#32654;&#22269;&#20844;&#20247;&#20844;&#21496;&#20250;&#35745;&#30417;&#31649;&#22996;&#21592;&#20250;&#27880;&#20876;&#30340;&#24182;&#21487;&#20197;&#34987;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#21644;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#25509;&#21463;&#30340;&#23457;&#35745;&#24072;&#20107;&#21153;&#25152;&#65292;&#26469;&#26681;&#25454;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#25152;&#36866;&#29992;&#30340;&#35201;&#27714;&#23457;&#35745;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#30340;&#24180;&#24230;&#36130;&#21153;&#25253;&#21578;&#24182;&#20934;&#22791;&#23457;&#35745;&#25253;&#21578;&#65292;&#25152;&#26377;&#24212;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#35201;&#27714;&#20135;&#29983;&#30340;&#30456;&#20851;&#36153;&#29992;&#30001;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#25215;&#25285;&#65307;&#20197;&#21450;</FONT>(ii)VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#24212;&#21521;&#35813;&#23457;&#35745;&#24072;&#25552;&#20379;&#24517;&#35201;&#19988;&#21512;&#36866;&#30340;&#20449;&#24687;&#26469;&#23436;&#25104;&#20854;&#23457;&#35745;&#65292;&#24182;&#21521;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#30340;&#20154;&#21592;&#25110;&#20854;&#25351;&#23450;&#30340;&#20250;&#35745;&#24072;&#25552;&#20379;&#35813;&#20449;&#24687;&#26469;&#20934;&#22791;&#36866;&#29992;&#20110;&#32654;&#22269;&#36890;&#29992;&#20250;&#35745;&#20934;&#21017;&#30340;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#30340;&#36130;&#21153;&#25253;&#34920;&#65292;&#30456;&#20851;&#20840;&#37096;&#36153;&#29992;&#30001;VRB&#24320;&#26364;&#25215;&#25285;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt; text-align: justify; text-indent: 67.5pt">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>Article&#8239;5</B></FONT><B><FONT STYLE="text-transform: uppercase"><BR>
RIGHTS AND OBLIGATIONS OF THE SHAREHOLDERS<BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#31532;&#20116;&#26465;</FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32929;&#19996;&#30340;&#26435;&#21033;&#21644;&#20041;&#21153;</FONT></FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>5.1&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Information
Rights</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><B>&#20449;&#24687;&#26435;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>5.1.1&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Books
and Records</B>. VRB China shall keep true and accurate books and records of all of its operations and activities of VRB China.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#36134;&#31807;&#21644;&#35760;&#24405;&#12290;
</B></FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#24212;&#20445;&#23384;&#30495;&#23454;&#20934;&#30830;&#30340;
</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#25152;&#26377;&#36816;&#33829;&#21644;&#27963;&#21160;&#30340;&#36134;&#31807;&#21644;&#35760;&#24405;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>5.1.2&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Quarterly
and Annual Reports</B>. VRB China shall provide to each Shareholder (and any Affiliate that requests a copy):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#23395;&#24230;&#21644;&#24180;&#24230;&#25253;&#21578;&#12290;</B></FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#24212;&#21521;&#27599;&#20301;&#32929;&#19996;&#65288;&#20197;&#21450;&#35201;&#27714;&#33719;&#24471;&#21103;&#26412;&#30340;&#20219;&#20309;&#20851;&#32852;&#26041;&#65289;&#25552;&#20379;&#65306;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Within
fifteen (15) days following the end of each quarter of each Financial Year, other than the last quarter of each Financial Year, a quarterly
report prepared by VRB China&rsquo;s management team regarding VRB China&rsquo;s activities and operations, including, without limitation,
updates on sales data, litigation updates, order fulfillment data, and research and development updates, potential new projects, installed
projects updated, a comparison of the Annual Budget against year-to-date actual financial performance, and such other information as
may be reasonably requested prior to the end of the quarter (each, a &ldquo;<B>Quarterly Report</B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#22312;&#27599;&#20010;&#36130;&#25919;&#24180;&#24230;&#30340;&#27599;&#20010;&#23395;&#24230;&#32467;&#26463;&#21518;&#21313;&#20116;&#65288;</FONT>15<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#22825;&#20869;&#65292;&#38500;&#27599;&#20010;&#36130;&#25919;&#24180;&#24230;&#30340;&#26368;&#21518;&#19968;&#20010;&#23395;&#24230;&#22806;&#65292;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#31649;&#29702;&#22242;&#38431;&#24212;&#32534;&#21046;&#19968;&#20221;&#20851;&#20110;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#27963;&#21160;&#21644;&#36816;&#33829;&#30340;&#23395;&#24230;&#25253;&#21578;&#65292;&#21253;&#25324;&#20294;&#19981;&#38480;&#20110;&#38144;&#21806;&#25968;&#25454;&#26356;&#26032;&#12289;&#35785;&#35772;&#26356;&#26032;&#12289;&#35746;&#21333;&#23653;&#34892;&#25968;&#25454;&#21644;&#30740;&#21457;&#26356;&#26032;&#12289;&#28508;&#22312;&#26032;&#39033;&#30446;&#12289;&#24050;&#23433;&#35013;&#39033;&#30446;&#26356;&#26032;&#12289;&#24180;&#24230;&#39044;&#31639;&#19982;&#24180;&#21021;&#33267;&#20170;&#23454;&#38469;&#36130;&#21153;&#19994;&#32489;&#30340;&#27604;&#36739;&#65292;&#20197;&#21450;&#22312;&#23395;&#24230;&#32467;&#26463;&#21069;&#21512;&#29702;&#35201;&#27714;&#30340;&#20854;&#20182;&#20449;&#24687;&#65288;&#21508;&#31216;&ldquo;<B>&#23395;&#24230;&#25253;&#21578;</B>&rdquo;&#65289;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Within
thirty (30) days following the end of each Financial Year, a Quarterly Report for the last quarter of that Financial Year and a report
covering all of the information required in a Quarterly Report but in respect of VRB China for the entire Financial Year and such other
information as may be reasonably requested prior to the end of the Financial Year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#22312;&#27599;&#20010;&#36130;&#25919;&#24180;&#24230;&#32467;&#26463;&#21518;&#19977;&#21313;&#65288;</FONT>30<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#22825;&#20869;&#65292;&#25552;&#20132;&#35813;&#36130;&#25919;&#24180;&#24230;&#26368;&#21518;&#19968;&#20010;&#23395;&#24230;&#30340;&#23395;&#24230;&#25253;&#21578;&#65292;&#20197;&#21450;&#19968;&#20221;&#28085;&#30422;&#23395;&#24230;&#25253;&#21578;&#20013;&#35201;&#27714;&#30340;&#25152;&#26377;&#20449;&#24687;&#30340;&#25253;&#21578;&#65292;&#19988;&#28041;&#21450;&#25972;&#20010;&#36130;&#25919;&#24180;&#24230;&#30340;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#65292;&#20197;&#21450;&#22312;&#36130;&#25919;&#24180;&#24230;&#32467;&#26463;&#21069;&#21512;&#29702;&#35201;&#27714;&#30340;&#20854;&#20182;&#20449;&#24687;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>5.1.3&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Financial
Statements</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><B>&#36130;&#21153;&#25253;&#34920;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;VRB
China shall provide to each Shareholder (and any Affiliate that requests a copy), when available, but not later than thirty (30) days
following the end of each Financial Year, annual unaudited financial statements of VRB China for the Financial Year, including an unaudited
balance sheet as of the end of the Financial Year, an unaudited income statement, and an unaudited statement of cash flows and notes,
all prepared in accordance with </FONT>both PRC GAAP and (at VRB Cayman&rsquo;s expenses) US GAAP.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">VRB
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#24212;&#22312;&#27599;&#20010;&#36130;&#21153;&#24180;&#24230;&#32467;&#26463;&#21518;&#19981;&#36831;&#20110;&#19977;&#21313;&#65288;</FONT>30<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#22825;&#20869;&#65292;&#21521;&#27599;&#20301;&#32929;&#19996;&#65288;&#21450;&#20219;&#20309;&#35201;&#27714;&#21103;&#26412;&#30340;&#20851;&#32852;&#26041;&#65289;&#25552;&#20379;
</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#22312;&#35813;&#36130;&#21153;&#24180;&#24230;&#26410;&#32463;&#23457;&#35745;&#30340;&#24180;&#24230;&#36130;&#21153;&#25253;&#34920;&#65292;&#21253;&#25324;&#25130;&#33267;&#35813;&#36130;&#21153;&#24180;&#24230;&#32467;&#26463;&#26102;&#26410;&#32463;&#23457;&#35745;&#30340;&#36164;&#20135;&#36127;&#20538;&#34920;&#12289;&#26410;&#32463;&#23457;&#35745;&#30340;&#25439;&#30410;&#34920;&#21450;&#26410;&#32463;&#23457;&#35745;&#30340;&#29616;&#37329;&#27969;&#37327;&#34920;&#21450;&#38468;&#27880;&#65292;&#25152;&#26377;&#25253;&#34920;&#22343;&#25353;&#29031;&#20013;&#22269;&#36890;&#29992;&#20250;&#35745;&#20934;&#21017;&#21450;&#65288;&#30001;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#25215;&#25285;&#36153;&#29992;&#65289;&#32654;&#22269;&#36890;&#29992;&#20250;&#35745;&#20934;&#21017;&#32534;&#21046;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;VRB
China shall provide to each Shareholder (and any Affiliate that requests a copy), when available, but not later than thirty (30)&#8239;days
following the end of each quarter other than the last quarter of each Financial Year, unaudited financial statements of VRB China for
the quarter, including an unaudited balance sheet as of the end of the quarter, an unaudited income statement, and an unaudited statement
of cash flows and notes, all prepared in accordance with both PRC GAAP and (at VRB Cayman&rsquo;s expense) US GAAP.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">VRB</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#24212;&#22312;&#27599;&#20010;&#23395;&#24230;&#32467;&#26463;&#21518;&#19977;&#21313;&#65288;</FONT>30<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#22825;&#20869;&#65288;&#27599;&#20010;&#36130;&#25919;&#24180;&#24230;&#26368;&#21518;&#19968;&#20010;&#23395;&#24230;&#38500;&#22806;&#65289;&#65292;&#21521;&#27599;&#20301;&#32929;&#19996;&#65288;&#20197;&#21450;&#20219;&#20309;&#35201;&#27714;&#21103;&#26412;&#30340;&#20851;&#32852;&#26041;&#65289;&#25552;&#20379;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#35813;&#23395;&#24230;&#30340;&#26410;&#32463;&#23457;&#35745;&#30340;&#36130;&#21153;&#25253;&#34920;&#65292;&#21253;&#25324;&#25130;&#33267;&#35813;&#23395;&#24230;&#26411;&#30340;&#26410;&#32463;&#23457;&#35745;&#36164;&#20135;&#36127;&#20538;&#34920;&#12289;&#26410;&#32463;&#23457;&#35745;&#25439;&#30410;&#34920;&#21644;&#26410;&#32463;&#23457;&#35745;&#29616;&#37329;&#27969;&#37327;&#34920;&#21450;&#38468;&#27880;&#65292;&#25152;&#26377;&#25253;&#34920;&#22343;&#25353;&#29031;&#20013;&#22269;&#36890;&#29992;&#20250;&#35745;&#20934;&#21017;&#21450;&#65288;&#30001;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#25215;&#25285;&#36153;&#29992;&#65289;&#32654;&#22269;&#36890;&#29992;&#20250;&#35745;&#20934;&#21017;&#32534;&#21046;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;VRB
China shall provide to each Shareholder (and any Affiliate that requests a copy), each audit report prepared by VRB China&rsquo;s auditor
within thirty (30)&#8239;days after receiving the final audit report.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">VRB</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#24212;&#22312;&#25910;&#21040;&#26368;&#32456;&#23457;&#35745;&#25253;&#21578;&#21518;&#19977;&#21313;&#65288;</FONT>30<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#22825;&#20869;&#21521;&#27599;&#20301;&#32929;&#19996;&#65288;&#20197;&#21450;&#20219;&#20309;&#35201;&#27714;&#21103;&#26412;&#30340;&#20851;&#32852;&#26041;&#65289;&#25552;&#20379;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#23457;&#35745;&#24072;&#32534;&#21046;&#30340;&#27599;&#20221;&#23457;&#35745;&#25253;&#21578;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>5.1.4&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Audit
and Inspection Rights</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><B>&#23457;&#35745;&#21644;&#26816;&#26597;&#26435;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
Shareholder is entitled to inspect and copy the books and records of VRB China at its own expense, either directly or through any Representatives
reasonably acceptable to the Board, subject to such Shareholder first obtaining reasonable undertakings of confidentiality from such
Representatives, for the purpose of evaluating compliance with this Agreement. Such rights of inspection shall be exercised upon reasonable
prior notice to the Board and in such a manner as not to interfere unreasonably with the conduct of VRB China&rsquo;s business. Further,
subject to PRC Laws, each Shareholder is entitled to request, at its own expense, an audit to be performed by an independent third-party
reasonably acceptable to the Board (the &ldquo;<B>Shareholder Auditor</B>&rdquo;), to confirm the accuracy of the books and records of
VRB China, as well as compliance with the terms of this Agreement and the other VRB China Joint Venture Agreements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&#8239;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#20986;&#20110;&#26816;&#39564;&#26412;&#21327;&#35758;&#19979;&#21512;&#35268;&#24773;&#20917;&#30340;&#30446;&#30340;&#65292;&#27599;&#20301;&#32929;&#19996;&#22343;&#26377;&#26435;&#30452;&#25509;&#25110;&#36890;&#36807;&#33891;&#20107;&#20250;&#21512;&#29702;&#25509;&#21463;&#30340;&#20219;&#20309;&#20195;&#34920;&#33258;&#36153;&#26816;&#26597;&#21644;&#22797;&#21046;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#30340;&#36134;&#31807;&#21644;&#35760;&#24405;&#65292;&#21069;&#25552;&#26159;&#35813;&#32929;&#19996;&#39318;&#20808;&#20174;&#36825;&#20123;&#20195;&#34920;&#22788;&#33719;&#24471;&#21512;&#29702;&#30340;&#20445;&#23494;&#25215;&#35834;&#12290;&#27492;&#31867;&#26816;&#26597;&#26435;&#24212;&#22312;&#21521;&#33891;&#20107;&#20250;&#21457;&#20986;&#21512;&#29702;&#20107;&#20808;&#36890;&#30693;&#21518;&#34892;&#20351;&#65292;&#19988;&#19981;&#24471;&#26080;&#29702;&#24178;&#25200;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#19994;&#21153;&#30340;&#24320;&#23637;&#12290;&#27492;&#22806;&#65292;&#26681;&#25454;&#20013;&#22269;&#27861;&#24459;&#65292;&#21508;&#32929;&#19996;&#26377;&#26435;&#33258;&#36153;&#35201;&#27714;&#33891;&#20107;&#20250;&#21512;&#29702;&#25509;&#21463;&#30340;&#29420;&#31435;&#31532;&#19977;&#26041;&#65288;&ldquo;<B>&#32929;&#19996;&#23457;&#35745;&#24072;</B>&rdquo;&#65289;&#36827;&#34892;&#23457;&#35745;&#65292;&#20197;&#30830;&#35748;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#36134;&#31807;&#21644;&#35760;&#24405;&#30340;&#20934;&#30830;&#24615;&#65292;&#20197;&#21450;&#26159;&#21542;&#31526;&#21512;&#26412;&#21327;&#35758;&#21644;&#20854;&#20182;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#21512;&#36164;&#21327;&#35758;&#30340;&#26465;&#27454;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>5.1.5&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Marketing
Material and Contracts</B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">. Each Shareholder shall be entitled
to receive a copy of any marketing document or contract entered into by VRB China (other than any contract where the customer or applicable
Law prohibits disclosure to a Shareholder or any contract with a state-owned enterprise), which shall be promptly provided upon request
by a Shareholder</FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#33829;&#38144;&#26448;&#26009;&#21644;&#21512;&#21516;&#12290;</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#27599;&#20301;&#32929;&#19996;&#22343;&#26377;&#26435;&#33719;&#24471;
</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#25152;&#31614;&#35746;&#30340;&#20219;&#20309;&#33829;&#38144;&#25991;&#20214;&#25110;&#21512;&#21516;&#30340;&#21103;&#26412;&#65292;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#24212;&#26681;&#25454;&#32929;&#19996;&#30340;&#35201;&#27714;&#21450;&#26102;&#25552;&#20379;&#65288;&#38500;&#20102;&#23458;&#25143;&#25110;&#36866;&#29992;&#27861;&#24459;&#31105;&#27490;&#21521;&#26576;&#19968;&#32929;&#19996;&#25259;&#38706;&#30340;&#20219;&#20309;&#21512;&#21516;&#25110;&#19982;&#22269;&#26377;&#20225;&#19994;&#20043;&#38388;&#30340;&#20219;&#20309;&#21512;&#21516;&#65289;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>5.2&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Confidentiality</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><B>&#20445;&#23494;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>5.2.1&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Confidential
Information</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><B>&#20445;&#23494;&#20449;&#24687;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
term &ldquo;<B>Confidential Information</B>&rdquo; where used in this Agreement means the written confidential commercial, financial,
marketing, business, and technical or other data including know-how, trade secrets, specifications, calculations, formulae, processes,
business methods, diagrams, drawings and all other written confidential information relating to VRB China or the Business, VRB Cayman,
CES, or any of their Affiliates (whether written or electronic) (each a &ldquo;<B>Subject Party</B>&rdquo;) received or obtained by a
Party (the &ldquo;<B>Receiving Party</B>&rdquo;), and excludes in all cases Non-Confidential Information;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#26412;&#21327;&#35758;&#20013;&#20351;&#29992;&#30340;&ldquo;<B>&#20445;&#23494;&#20449;&#24687;</B>&rdquo;&#19968;&#35789;&#26159;&#25351;&#19968;&#26041;&#65288;&ldquo;<B>&#25509;&#25910;&#26041;</B>&rdquo;&#65289;&#25910;&#21040;&#25110;&#33719;&#24471;&#30340;&#20070;&#38754;&#26426;&#23494;&#21830;&#19994;&#12289;&#36130;&#21153;&#12289;&#33829;&#38144;&#12289;&#19994;&#21153;&#21644;&#25216;&#26415;&#25110;&#20854;&#20182;&#25968;&#25454;&#65292;&#21253;&#25324;&#19987;&#26377;&#25216;&#26415;&#12289;&#21830;&#19994;&#31192;&#23494;&#12289;&#35268;&#33539;&#12289;&#35745;&#31639;&#12289;&#20844;&#24335;&#12289;&#27969;&#31243;&#12289;&#21830;&#19994;&#26041;&#27861;&#12289;&#22270;&#34920;&#12289;&#22270;&#32440;&#20197;&#21450;&#19982;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#25110;&#19994;&#21153;&#12289;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#12289;&#20013;&#33021;&#20648;&#25110;&#20854;&#20219;&#20309;&#20851;&#32852;&#26041;&#65288;&#26080;&#35770;&#26159;&#20070;&#38754;&#36824;&#26159;&#30005;&#23376;&#24418;&#24335;&#65289;&#65288;&#21508;&#31216;&#20026;&ldquo;<B>&#26631;&#30340;&#26041;</B>&rdquo;&#65289;&#26377;&#20851;&#30340;&#25152;&#26377;&#20854;&#20182;&#20070;&#38754;&#20445;&#23494;&#20449;&#24687;&#65292;&#22312;&#20219;&#20309;&#24773;&#20917;&#19979;&#22343;&#19981;&#21253;&#25324;&#38750;&#20445;&#23494;&#20449;&#24687;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&#8239;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
term &ldquo;<B>Non-Confidential Information</B>&rdquo; where used in this Agreement means information:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&#26412;&#21327;&#35758;&#20013;&#20351;&#29992;&#30340;&ldquo;&#38750;&#20445;&#23494;&#20449;&#24687;&rdquo;&#19968;&#35789;&#26159;&#25351;&#65306;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;in
the public domain at the time the Receiving Party learns of it, or which later becomes publicly known through no wrongful act of a Party
(other than the Subject Party);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 1in">&#25509;&#25910;&#26041;&#33719;&#24713;&#26102;&#24050;&#20026;&#20844;&#20247;&#25152;&#30693;&#65292;&#25110;&#21518;&#26469;&#24182;&#38750;&#22240;&#19968;&#26041;&#65288;&#26631;&#30340;&#26041;&#38500;&#22806;&#65289;&#30340;&#19981;&#27861;&#34892;&#20026;&#32780;&#20026;&#20844;&#20247;&#25152;&#29087;&#30693;&#65307;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;which
was in the possession of the Receiving Party prior to the Effective Date, as shown by written records of the Receiving Party, and which
was not subject to prior confidentiality obligations with any Subject Party;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 1in">&#22914;&#25509;&#25910;&#26041;&#30340;&#20070;&#38754;&#35760;&#24405;&#25152;&#31034;&#65292;&#22312;&#29983;&#25928;&#26085;&#20043;&#21069;&#30001;&#25509;&#25910;&#26041;&#25345;&#26377;&#65292;&#24182;&#19988;&#19981;&#21463;&#20219;&#20309;&#26631;&#30340;&#26041;&#20107;&#20808;&#20445;&#23494;&#20041;&#21153;&#30340;&#32422;&#26463;&#65307;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;which
the Receiving Party acquired, after the time of disclosure by or on behalf of any Subject Party, from a third party who had a lawful
right to disclose it to the Receiving Party and had no obligation to any Subject Party to maintain the confidentiality of such information;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 1in">&#25509;&#25910;&#26041;&#22312;&#20219;&#20309;&#26631;&#30340;&#26041;&#25110;&#20854;&#20195;&#34920;&#25259;&#38706;&#21518;&#20174;&#31532;&#19977;&#26041;&#22788;&#33719;&#24471;&#30340;&#20449;&#24687;&#65292;&#35813;&#31532;&#19977;&#26041;&#26377;&#26435;&#21521;&#25509;&#25910;&#26041;&#25259;&#38706;&#35813;&#20449;&#24687;&#65292;&#19988;&#23545;&#20219;&#20309;&#26631;&#30340;&#26041;&#22343;&#26080;&#20041;&#21153;&#23545;&#35813;&#20449;&#24687;&#20445;&#23494;&#65307;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;which
was independently developed by the Receiving Party without the use of or reference to the Confidential Information of any Subject Party;
or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 1in">&#25509;&#25910;&#26041;&#22312;&#19981;&#20351;&#29992;&#25110;&#21442;&#32771;&#20219;&#20309;&#26631;&#30340;&#26041;&#30340;&#20445;&#23494;&#20449;&#24687;&#30340;&#24773;&#20917;&#19979;&#29420;&#31435;&#24320;&#21457;&#30340;&#65307;&#25110;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;which
is approved for release in writing by the Board</FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 1in">&#32463;&#33891;&#20107;&#20250;&#20070;&#38754;&#25209;&#20934;&#21457;&#24067;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>5.2.2&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Ownership/Uses
of Confidential Information</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#20445;&#23494;&#20449;&#24687;&#30340;&#25152;&#26377;&#26435;</B></FONT><B>/<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20351;&#29992;</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Receiving Party hereby acknowledges that the relevant Subject Party is the owner or licensee of the Confidential Information. The Receiving
Party shall not use any of the Confidential Information at any time except for the purposes of this Agreement and the management of the
Business. The Receiving Party shall:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&#25509;&#25910;&#26041;&#29305;&#27492;&#25215;&#35748;&#65292;&#30456;&#20851;&#26631;&#30340;&#26041;&#26159;&#20445;&#23494;&#20449;&#24687;&#30340;&#25152;&#26377;&#20154;&#25110;&#34987;&#35768;&#21487;&#20154;&#12290;&#25509;&#25910;&#26041;&#22312;&#20219;&#20309;&#26102;&#20505;&#22343;&#19981;&#24471;&#20351;&#29992;&#20219;&#20309;&#20445;&#23494;&#20449;&#24687;&#65292;&#38500;&#38750;&#26159;&#20986;&#20110;&#26412;&#21327;&#35758;&#21644;&#19994;&#21153;&#31649;&#29702;&#30340;&#30446;&#30340;&#12290;</FONT>&#25509;&#25910;&#26041;&#24212;&#65306;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>not
disclose any of the Confidential Information other than on a need to know basis, as reasonably necessary, to its directors, officers,
employees, attorneys, accountants, bankers, financial advisors or consultants (collectively, the &ldquo;<B>Representatives</B>&rdquo;);
provided, that they are bound by written agreements with the Receiving Party to maintain the Confidential Information in confidence or
are otherwise under obligations of confidentiality to the Receiving Party, in each case on terms that are as protective of the Confidential
Information as the provisions of this Section&#8239;5.2;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#19981;&#24471;&#21521;&#20854;&#33891;&#20107;&#12289;&#39640;&#32423;&#32844;&#21592;&#12289;&#38599;&#21592;&#12289;&#24459;&#24072;&#12289;&#20250;&#35745;&#24072;&#12289;&#38134;&#34892;&#23478;&#12289;&#36130;&#21153;&#39038;&#38382;&#25110;&#21672;&#35810;&#39038;&#38382;&#65288;&#32479;&#31216;&#20026;&ldquo;<B>&#20195;&#34920;</B>&rdquo;&#65289;&#25259;&#38706;&#20219;&#20309;&#20445;&#23494;&#20449;&#24687;&#65292;&#20294;&#21512;&#29702;&#24517;&#35201;&#30340;&#24773;&#20917;&#38500;&#22806;&#65307;&#21069;&#25552;&#26159;&#65292;&#20182;&#20204;&#21463;&#19982;&#25509;&#25910;&#26041;&#31614;&#35746;&#30340;&#20070;&#38754;&#21327;&#35758;&#30340;&#32422;&#26463;&#65292;&#23545;&#20445;&#23494;&#20449;&#24687;&#20445;&#23494;&#65292;&#25110;&#23545;&#25509;&#25910;&#26041;&#36127;&#26377;&#20445;&#23494;&#20041;&#21153;&#65292;&#22312;&#27599;&#31181;&#24773;&#20917;&#19979;&#65292;&#20854;&#26465;&#27454;&#37117;&#19982;&#31532;</FONT>5.2<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#30340;&#35268;&#23450;&#19968;&#26679;&#20445;&#25252;&#20445;&#23494;&#20449;&#24687;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;advise
its Representatives of the obligation of confidentiality hereunder;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 1in">&#21578;&#30693;&#20854;&#20195;&#34920;&#26412;&#21327;&#35758;&#39033;&#19979;&#30340;&#20445;&#23494;&#20041;&#21153;&#65307;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;require
its Representatives to use the same degree of care as is used with the Receiving Party&rsquo;s own proprietary information; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 1in">&#35201;&#27714;&#20854;&#20195;&#34920;&#20351;&#29992;&#19982;&#25509;&#25910;&#26041;&#33258;&#24049;&#30340;&#19987;&#26377;&#20449;&#24687;&#30456;&#21516;&#30340;&#35880;&#24910;&#31243;&#24230;&#65307;&#21644;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;advise
the Board of any misappropriation or misuse of the Confidential Information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 1in">&#21578;&#30693;&#33891;&#20107;&#20250;&#20219;&#20309;&#30423;&#29992;&#25110;&#28389;&#29992;&#20445;&#23494;&#20449;&#24687;&#30340;&#34892;&#20026;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>5.2.3&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Permitted
Uses or Disclosures <FONT STYLE="font-size: 10pt">1.1.1</FONT>&#9;&#8239;&#8239;&#8239;&#8239;&#8239;</B>. Notwithstanding the provisions
of Section&#8239;5.2.2, a Receiving Party shall be permitted to use or disclose Confidential Information as provided in this Section&#8239;5.2.3.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#20801;&#35768;&#30340;&#20351;&#29992;&#25110;&#25259;&#38706;&#12290;</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#23613;&#31649;&#26377;&#31532;</FONT>5.2.2<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#30340;&#35268;&#23450;&#65292;&#25509;&#25910;&#26041;&#20173;&#24212;&#34987;&#20801;&#35768;&#20351;&#29992;&#25110;&#25259;&#38706;&#26412;&#31532;</FONT>5.2.3<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#35268;&#23450;&#30340;&#20445;&#23494;&#20449;&#24687;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Receiving Party shall have the right to disclose Confidential Information to the extent required by, and in accordance with, Law or the
rules&#8239;or bylaws of any stock exchange applicable to the Receiving Party. For the avoidance of doubt, with respect to VRB Cayman
or any of its Affiliates as the Receiving Party, it shall have the right to disclose Confidential Information as required by Securities
Exchange Act of 1934, as amended, or any rules&#8239;or regulations promulgated by the United States Securities Exchange Commission thereunder,
and include Confidential Information in any filings to be made pursuant thereto, in each case as determined by VRB Cayman in its sole
discretion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#25509;&#25910;&#26041;&#26377;&#26435;&#22312;&#27861;&#24459;&#25110;&#36866;&#29992;&#20110;&#25509;&#25910;&#26041;&#30340;&#20219;&#20309;&#35777;&#21048;&#20132;&#26131;&#25152;&#30340;&#35268;&#21017;&#25110;&#32454;&#21017;&#35201;&#27714;&#30340;&#33539;&#22260;&#20869;&#25259;&#38706;&#20445;&#23494;&#20449;&#24687;&#12290;&#20026;&#36991;&#20813;&#30097;&#20041;&#65292;&#23601;&#20316;&#20026;&#25509;&#25910;&#26041;&#30340;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#25110;&#20854;&#20219;&#20309;&#20851;&#32852;&#26041;&#32780;&#35328;&#65292;&#20854;&#26377;&#26435;&#26681;&#25454;</FONT>1934<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;&#12298;&#35777;&#21048;&#20132;&#26131;&#27861;&#12299;&#65288;&#32463;&#20462;&#35746;&#65289;&#25110;&#32654;&#22269;&#35777;&#21048;&#20132;&#26131;&#22996;&#21592;&#20250;&#26681;&#25454;&#35813;&#27861;&#39041;&#24067;&#30340;&#20219;&#20309;&#35268;&#21017;&#25110;&#26465;&#20363;&#30340;&#35201;&#27714;&#25259;&#38706;&#20445;&#23494;&#20449;&#24687;&#65292;&#24182;&#23558;&#20445;&#23494;&#20449;&#24687;&#32435;&#20837;&#26681;&#25454;&#35813;&#27861;&#25552;&#20132;&#30340;&#20219;&#20309;&#25991;&#20214;&#20013;&#65292;&#27599;&#31181;&#24773;&#20917;&#22343;&#30001;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#33258;&#34892;&#20915;&#23450;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Receiving Party shall have the right to disclose Confidential Information on a need to know basis, as reasonably necessary, to customers
or potential customers of the Receiving Party and their Representatives; provided, that they are bound by written agreements with the
Receiving Party to maintain the Confidential Information in confidence or are otherwise under obligations of confidentiality to the Receiving
Party, in each case on terms that are as protective of the Confidential Information as the provisions of this Section&#8239;5.2.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#25509;&#25910;&#26041;&#26377;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26435;&#22312;&#38656;&#35201;&#30693;&#36947;&#30340;&#22522;&#30784;&#19978;&#65292;&#22312;&#21512;&#29702;&#24517;&#35201;&#30340;&#24773;&#20917;&#19979;&#65292;&#21521;&#25509;&#25910;&#26041;&#30340;&#23458;&#25143;&#25110;&#28508;&#22312;&#23458;&#25143;&#21450;&#20854;&#20195;&#34920;&#25259;&#38706;&#20445;&#23494;&#20449;&#24687;&#65307;&#21069;&#25552;&#26159;&#65292;&#20182;&#20204;&#21463;&#19982;&#25509;&#25910;&#26041;&#31614;&#35746;&#30340;&#20070;&#38754;&#21327;&#35758;&#30340;&#32422;&#26463;&#65292;&#23545;&#20445;&#23494;&#20449;&#24687;&#20445;&#23494;&#65292;&#25110;&#32773;&#23545;&#25509;&#25910;&#26041;&#36127;&#26377;&#20445;&#23494;&#20041;&#21153;&#65292;&#22312;&#27599;&#31181;&#24773;&#20917;&#19979;&#65292;&#20854;&#26465;&#27454;&#37117;&#19982;&#31532;</FONT>5.2<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#30340;&#35268;&#23450;&#19968;&#26679;&#20445;&#25252;&#20445;&#23494;&#20449;&#24687;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Where
a Shareholder wishes to transfer its interest to a purchaser, it shall have the right to disclose Confidential Information to the extent
reasonably required to enable a purchaser to carry out due diligence and review information on VRB China and the Business as would be
reasonable for a purchaser seeking to purchase such interest for value and on arm&rsquo;s length terms; provided, that the transferor
shall obtain from the purchaser a confidentiality undertaking in favor of VRB China and the Shareholders, in each case acting reasonably.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#22914;&#26524;&#32929;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#19996;&#24076;&#26395;&#23558;&#20854;&#26435;&#30410;&#36716;&#35753;&#32473;&#20080;&#26041;&#65292;&#21017;&#26377;&#26435;&#22312;&#21512;&#29702;&#35201;&#27714;&#30340;&#33539;&#22260;&#20869;&#25259;&#38706;&#20445;&#23494;&#20449;&#24687;&#65292;&#20197;&#20415;&#20080;&#26041;&#33021;&#22815;&#23545;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#21644;&#19994;&#21153;&#36827;&#34892;&#23613;&#32844;&#35843;&#26597;&#21644;&#23457;&#26597;&#20449;&#24687;&#65292;&#36825;&#23545;&#20110;&#23547;&#27714;&#20197;&#20844;&#24179;&#26465;&#27454;&#26377;&#20607;&#36141;&#20080;&#35813;&#26435;&#30410;&#30340;&#20080;&#26041;&#26469;&#35828;&#26159;&#21512;&#29702;&#30340;&#65307;&#21069;&#25552;&#26159;&#65292;&#36716;&#35753;&#20154;&#24212;&#20174;&#20080;&#26041;&#22788;&#33719;&#24471;&#19968;&#20221;&#20197;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#21644;&#32929;&#19996;&#20026;&#21463;&#30410;&#20154;&#30340;&#20445;&#23494;&#25215;&#35834;&#65292;&#22312;&#27599;&#31181;&#24773;&#20917;&#19979;&#37117;&#24212;&#21512;&#29702;&#34892;&#20107;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>5.2.4&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Return
of Confidential Information</B>. Upon the termination of this Agreement as to any Party or upon the request of the Board, the Receiving
Party shall promptly return to the relevant Subject Party all Confidential Information that is tangible form, and any copies thereof,
and use all reasonable endeavors to expunge all Confidential Information from any computer, word processor or other device containing
Confidential Information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt"><B>&#20445;&#23494;&#20449;&#24687;&#30340;&#24402;&#36824;&#12290;</B></FONT>&#22312;&#26412;&#21327;&#35758;&#23545;&#20219;&#20309;&#19968;&#26041;&#32456;&#27490;&#21518;&#25110;&#24212;&#33891;&#20107;&#20250;&#30340;&#35201;&#27714;&#65292;&#25509;&#25910;&#26041;&#24212;&#31435;&#21363;&#21521;&#30456;&#20851;&#26631;&#30340;&#26041;&#24402;&#36824;&#25152;&#26377;&#26377;&#24418;&#24418;&#24335;&#30340;&#20445;&#23494;&#20449;&#24687;&#21450;&#20854;&#20219;&#20309;&#21103;&#26412;&#65292;&#24182;&#23613;&#19968;&#20999;&#21512;&#29702;&#21162;&#21147;&#20174;&#20219;&#20309;&#35745;&#31639;&#26426;&#12289;&#25991;&#23383;&#22788;&#29702;&#22120;&#25110;&#20854;&#20182;&#21253;&#21547;&#20445;&#23494;&#20449;&#24687;&#30340;&#35774;&#22791;&#20013;&#21024;&#38500;&#25152;&#26377;&#20445;&#23494;&#20449;&#24687;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&#8239;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>5.3&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Press
Releases. </B>Unless otherwise required by Law (based upon the reasonable advice of counsel), no Party shall make any public announcements
in respect of this Agreement or the transactions contemplated hereby or otherwise communicate with any news media without the prior written
consent of the other Parties (which consent shall not be unreasonably withheld, conditioned or delayed), and the Parties shall cooperate
as to the timing and contents of any such announcement. Notwithstanding the foregoing, nothing contained in this Agreement shall prevent
any Party, after notification to the other Parties to the extent legally permissible, from making any announcement or publication required
by Law or from making any filings with Governmental Authorities that, based on advice of legal counsel, may be required in connection
with the execution and delivery of this Agreement or the transactions contemplated hereby.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt"><B>&#26032;&#38395;&#21457;&#24067;&#12290;</B></FONT>&#38500;&#38750;&#27861;&#24459;&#21478;&#26377;&#35201;&#27714;&#65288;&#22522;&#20110;&#24459;&#24072;&#30340;&#21512;&#29702;&#24314;&#35758;&#65289;&#65292;&#21542;&#21017;&#26410;&#32463;&#20854;&#20182;&#21508;&#26041;&#20107;&#20808;&#20070;&#38754;&#21516;&#24847;&#65288;&#19981;&#24471;&#26080;&#29702;&#25298;&#32477;&#12289;&#38480;&#21046;&#25110;&#24310;&#36831;&#21516;&#24847;&#65289;&#65292;&#20219;&#20309;&#19968;&#26041;&#19981;&#24471;&#23601;&#26412;&#21327;&#35758;&#25110;&#26412;&#21327;&#35758;&#25311;&#36827;&#34892;&#30340;&#20132;&#26131;&#21457;&#24067;&#20219;&#20309;&#20844;&#21578;&#65292;&#20063;&#19981;&#24471;&#20197;&#20854;&#20182;&#26041;&#24335;&#19982;&#20219;&#20309;&#26032;&#38395;&#23186;&#20307;&#27807;&#36890;&#65292;&#21508;&#26041;&#24212;&#23601;&#20219;&#20309;&#27492;&#31867;&#20844;&#21578;&#30340;&#26102;&#38388;&#21644;&#20869;&#23481;&#36827;&#34892;&#21512;&#20316;&#12290;&#23613;&#31649;&#26377;&#19978;&#36848;&#35268;&#23450;&#65292;&#26412;&#21327;&#35758;&#20013;&#30340;&#20219;&#20309;&#20869;&#23481;&#22343;&#19981;&#24471;&#38459;&#27490;&#20219;&#20309;&#19968;&#26041;&#22312;&#27861;&#24459;&#20801;&#35768;&#30340;&#33539;&#22260;&#20869;&#21521;&#20854;&#20182;&#21508;&#26041;&#21457;&#20986;&#36890;&#30693;&#21518;&#65292;&#26681;&#25454;&#24459;&#24072;&#30340;&#24314;&#35758;&#65292;&#23601;&#26412;&#21327;&#35758;&#30340;&#31614;&#32626;&#21644;&#20132;&#20184;&#25110;&#26412;&#21327;&#35758;&#25311;&#36827;&#34892;&#30340;&#20132;&#26131;&#21521;&#25919;&#24220;&#26426;&#20851;&#20316;&#20986;&#27861;&#24459;&#35201;&#27714;&#30340;&#20219;&#20309;&#20844;&#21578;&#25110;&#20844;&#24067;&#65292;&#25110;&#21521;&#25919;&#24220;&#26426;&#20851;&#25552;&#20132;&#20219;&#20309;&#25991;&#20214;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>5.4&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Competitive
Activity</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt"><B>&#31454;&#20105;</B></FONT><B>&#34892;&#20026;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>5.4.1&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Non-Competition</B>.
Each of CES and VRB Cayman represent, warrant, and covenant to the other Party and VRB China that, from the date of this Agreement<FONT STYLE="font-family: Times New Roman, Times, Serif">,
</FONT>for so long as CES or an Affiliate of CES remains a Shareholder or VRB Cayman or an Affiliate of VRB Cayman remains a Shareholder,
and for a period of two (2)&#8239;years thereafter, respectively, CES and VRB Cayman shall not, and shall ensure that that their Affiliates
shall not, directly or indirectly, manage, operate, Control, or participate in ownership of more than twenty percent (20%), management,
or operations of any other third party predominantly operating in the Business that VRB China is engaged in without the prior written
consent of each Shareholder holding greater than twenty percent (20%) of the Equity Interests.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#31454;&#19994;&#31105;&#27490;&#12290;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#33021;&#20648;&#21644;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#21508;&#33258;&#21521;&#21478;&#19968;&#26041;&#21644;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#22768;&#26126;&#12289;&#20445;&#35777;&#21644;&#25215;&#35834;&#65292;&#33258;&#26412;&#21327;&#35758;&#20043;&#26085;&#36215;&#65292;&#21482;&#35201;&#20013;&#33021;&#20648;&#25110;&#20013;&#33021;&#20648;&#30340;&#20851;&#32852;&#26041;&#20173;&#28982;&#26159;&#32929;&#19996;&#65292;&#25110;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#25110;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#30340;&#20851;&#32852;&#26041;&#20173;&#28982;&#26159;&#32929;&#19996;&#65292;&#22312;&#27492;&#21518;&#30340;&#20004;&#65288;</FONT>2<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#24180;&#20869;&#65292;&#20013;&#33021;&#20648;&#21644;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#19981;&#24471;&#65292;&#24182;&#24212;&#30830;&#20445;&#20854;&#20851;&#32852;&#26041;&#19981;&#24471;&#30452;&#25509;&#25110;&#38388;&#25509;&#31649;&#29702;&#12289;&#32463;&#33829;&#12289;&#25511;&#21046;&#25110;&#21442;&#19982;&#65288;&#25152;&#26377;&#26435;&#36229;&#36807;&#30334;&#20998;&#20043;&#20108;&#21313;&#65288;</FONT>20%<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#65289;&#20027;&#35201;&#20174;&#20107;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#25152;&#20174;&#20107;&#19994;&#21153;&#30340;&#20219;&#20309;&#20854;&#20182;&#31532;&#19977;&#26041;&#65292;&#38500;&#38750;&#27599;&#20010;&#25345;&#26377;&#36229;&#36807;&#30334;&#20998;&#20043;&#20108;&#21313;&#65288;</FONT>20%<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#32929;&#26435;&#30340;&#32929;&#19996;&#20107;&#20808;&#20070;&#38754;&#21516;&#24847;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>5.4.2&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Non-Solicitation.
</B>Each of VRB Cayman and CES represents, warrants, and covenants to the other Party and VRB China that, for so long as it remains a
Shareholder, and for a period of two (2)&#8239;years thereafter, respectively, CES and VRB Cayman shall not, and shall ensure that that
their Affiliates shall not, directly or indirectly, approach or solicit any of the officers, agents or employees of the other Party,
their Affiliates, or VRB China, with a view to offering them employment within its organisation or their Affiliates without the prior
written consent of the other Party or VRB China, as applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#31105;&#27490;&#25307;</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#25597;&#12290;</FONT></B>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#21644;&#20013;&#33021;&#20648;&#21521;&#21478;&#19968;&#26041;&#21450;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#22768;&#26126;&#12289;&#20445;&#35777;&#24182;&#25215;&#35834;&#65292;&#21482;&#35201;&#20854;&#20173;&#28982;&#26159;&#32929;&#19996;&#65292;&#20197;&#21450;&#27492;&#21518;&#20004;&#65288;</FONT>2<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#24180;&#20869;&#65292;&#26410;&#32463;&#21478;&#19968;&#26041;&#25110;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#65288;&#22914;&#36866;&#29992;&#65289;&#20107;&#20808;&#20070;&#38754;&#21516;&#24847;&#65292;&#20013;&#33021;&#20648;&#21644;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#19981;&#24471;&#65292;&#24182;&#24212;&#30830;&#20445;&#20854;&#20851;&#32852;&#26041;&#19981;&#24471;&#30452;&#25509;&#25110;&#38388;&#25509;&#25509;&#36817;&#25110;&#25307;&#25597;&#21478;&#19968;&#26041;&#12289;&#20854;&#20851;&#32852;&#26041;&#65292;&#25110;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#30340;&#20219;&#20309;&#39640;&#32423;&#32844;&#21592;&#12289;&#20195;&#29702;&#20154;&#25110;&#38599;&#21592;&#65292;&#20197;&#26399;&#22312;&#20854;&#32452;&#32455;&#25110;&#20854;&#20851;&#32852;&#26041;&#23454;&#20307;&#20869;&#20026;&#20854;&#25552;&#20379;&#23601;&#19994;&#26426;&#20250;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>5.4.3&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>No
Reverse Engineering</B>. No Shareholder or Affiliate of any Shareholder shall reverse engineer any Intellectual Property of VRB China
or product produced by VRB China or any Confidential Information of VRB China.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#26080;&#21453;&#21521;&#24037;&#31243;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#12290;&#20219;&#20309;&#32929;&#19996;&#25110;&#20219;&#20309;&#32929;&#19996;&#30340;&#20851;&#32852;&#26041;&#22343;&#19981;&#24471;&#23545;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#30340;&#20219;&#20309;&#30693;&#35782;&#20135;&#26435;&#25110;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#29983;&#20135;&#30340;&#20135;&#21697;&#25110;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#30340;&#20219;&#20309;&#20445;&#23494;&#20449;&#24687;&#36827;&#34892;&#36870;&#21521;&#24037;&#31243;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>5.4.4&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>No
Intellectual Property Rights</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><B>&#26080;&#30693;&#35782;&#20135;&#26435;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Each
Shareholder acknowledges and agrees on behalf of itself and each of its Affiliates that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&#21508;&#32929;&#19996;&#20195;&#34920;&#20854;&#33258;&#36523;&#21450;&#20854;&#21508;&#20851;&#32852;&#26041;&#25215;&#35748;&#24182;&#21516;&#24847;&#65306;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Neither
the Shareholder nor any of its Affiliates shall have any rights to the Intellectual Property of VRB China by virtue of being a Shareholder
or an Affiliate of the Shareholder;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#32929;&#19996;&#25110;&#20854;&#20219;&#20309;&#20851;&#32852;&#26041;&#22343;&#19981;&#24471;&#22240;&#20316;&#20026;&#32929;&#19996;&#25110;&#32929;&#19996;&#30340;&#20851;&#32852;&#26041;&#32780;&#23545;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#30340;&#30693;&#35782;&#20135;&#26435;&#20139;&#26377;&#20219;&#20309;&#26435;&#21033;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Neither
the Shareholder nor any of its Affiliates shall make any claim or otherwise portray or hold itself out to have any rights to the Intellectual
Property of VRB China; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#32929;&#19996;&#25110;&#20854;&#20219;&#20309;&#20851;&#32852;&#26041;&#22343;&#19981;&#24471;&#23545;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#30340;&#30693;&#35782;&#20135;&#26435;&#25552;&#20986;&#20219;&#20309;&#32034;&#36180;&#25110;&#20197;&#20854;&#20182;&#26041;&#24335;&#25551;&#36848;&#25110;&#22768;&#31216;&#33258;&#24049;&#25317;&#26377;&#20219;&#20309;&#26435;&#21033;&#65307;&#21644;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Neither
the Shareholder nor any of its Affiliates (other than VRB China) shall, in the VRB China Areas, file, record, apply for, or seek to obtain
any registered Intellectual Property rights that are used in or relate to the Business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#32929;&#19996;&#25110;&#20854;&#20219;&#20309;&#20851;&#32852;&#26041;&#65288;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#38500;&#22806;&#65289;&#22343;&#19981;&#24471;&#22312;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#22320;&#21306;&#25552;&#20132;&#12289;&#35760;&#24405;&#12289;&#30003;&#35831;&#25110;&#23547;&#27714;&#33719;&#24471;&#22312;&#19994;&#21153;&#20013;&#20351;&#29992;&#25110;&#19982;&#19994;&#21153;&#30456;&#20851;&#30340;&#20219;&#20309;&#27880;&#20876;&#30693;&#35782;&#20135;&#26435;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>Article&#8239;6</B></FONT><B><FONT STYLE="text-transform: uppercase"><BR>
TRANSFER RESTRICTIONS</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>&#31532;&#20845;&#26465;</B></FONT><B><BR>
 &#36716;&#35753;&#38480;&#21046;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>6.1&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>General
Prohibition on Transfers</B>. Except as provided in this Article&#8239;6, the Equity Interests held by the Shareholders may not be transferred,
sold, assigned or disposed. A Shareholder may not pledge an Equity Interest, grant a security interest in an Equity Interest, or use
an Equity Interest as collateral for any obligations unless such agreement is approved by the Board and the Shareholders in accordance
with the terms of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#20840;&#38754;&#31105;&#27490;&#36716;&#35753;&#12290;
</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#38500;&#26412;&#21327;&#35758;&#31532;</FONT>6<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#35268;&#23450;&#22806;&#65292;&#32929;&#19996;&#25345;&#26377;&#30340;&#32929;&#26435;&#19981;&#24471;&#36716;&#35753;&#12289;&#20986;&#21806;&#12289;&#36716;&#35753;&#25110;&#22788;&#32622;&#12290;
 &#32929;&#19996;<B>&#19981;&#24471;</B>&#25269;&#25276;&#32929;&#26435;&#12289;&#25480;&#20104;&#32929;&#26435;&#25285;&#20445;&#26435;&#30410;&#25110;&#23558;&#32929;&#26435;&#29992;&#20316;&#20219;&#20309;&#20538;&#21153;&#30340;&#25269;&#25276;&#21697;&#65292;&#38500;&#38750;&#35813;&#21327;&#35758;&#26681;&#25454;&#26412;&#21327;&#35758;&#30340;&#26465;&#27454;&#33719;&#24471;&#33891;&#20107;&#20250;&#21644;&#32929;&#19996;&#30340;&#25209;&#20934;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>6.2&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>No
Transfers to Competitors</B>. Notwithstanding any other provisions of this Agreement, a Shareholder may not transfer all or any portion
of an Equity Interest to any Person that is a Competitor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt"><B>&#19981;&#24471;&#36716;&#35753;&#32473;&#31454;&#20105;&#23545;&#25163;&#12290;</B></FONT>&#19981;&#35770;&#26412;&#21327;&#35758;&#20854;&#20182;&#26465;&#27454;&#22914;&#20309;&#35268;&#23450;&#65292;&#32929;&#19996;&#19981;&#24471;&#23558;&#23558;&#20840;&#37096;&#25110;&#37096;&#20998;&#32929;&#26435;&#36716;&#35753;&#32473;&#31454;&#20105;&#23545;&#25163;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>6.3&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Transfers
to Permitted Transferees</B>. A Shareholder may transfer all or any portion of its Equity Interest to an Affiliate of the Shareholder
(a &ldquo;<B>Permitted Transferee</B>&rdquo;) upon delivering notice of the transfer to the Board and each other Shareholder; provided,
that the Permitted Transferee is not a Competitor and agrees in writing to join this Agreement and become subject to the terms of this
Agreement to the same extent as the transferring Shareholder. Upon receiving any notice of the transfer of an Equity Interest to a Permitted
Transferee pursuant to this Section&#8239;6.3, the Board shall instruct the Secretary of VRB China to update the register of Shareholders
and file with relevant Government Authorities to reflect such transfer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#21521;&#33719;&#20934;&#21463;&#35753;&#26041;&#36716;&#35753;</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#12290;&#32929;&#19996;&#21487;&#23558;&#20854;&#20840;&#37096;&#25110;&#37096;&#20998;&#32929;&#26435;&#36716;&#35753;&#32473;&#32929;&#19996;&#30340;&#20851;&#32852;&#26041;&#65288;&ldquo;<B>&#33719;&#20934;&#21463;&#35753;&#26041;</B>&rdquo;&#65289;&#65292;&#20294;&#39035;&#21521;&#33891;&#20107;&#20250;&#21450;&#20854;&#20182;&#32929;&#19996;&#21457;&#20986;&#36716;&#35753;&#36890;&#30693;&#65307;&#33719;&#20934;&#21463;&#35753;&#26041;&#19981;&#24471;&#20026;&#31454;&#20105;&#23545;&#25163;&#65292;&#24182;&#24212;&#20070;&#38754;&#21516;&#24847;&#21152;&#20837;&#26412;&#21327;&#35758;&#65292;&#22312;&#19982;&#36716;&#35753;&#32929;&#19996;&#30456;&#21516;&#30340;&#33539;&#22260;&#20869;&#21463;&#26412;&#21327;&#35758;&#26465;&#27454;&#30340;&#32422;&#26463;&#12290;&#22312;&#25910;&#21040;&#26681;&#25454;&#26412;&#26465;&#21521;&#33719;&#20934;&#21463;&#35753;&#26041;&#36716;&#35753;&#32929;&#26435;&#30340;&#20219;&#20309;&#36890;&#30693;&#21518;&#65292;&#33891;&#20107;&#20250;&#24212;&#25351;&#31034;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#30340;&#31192;&#20070;&#26356;&#26032;&#32929;&#19996;&#21517;&#20876;&#24182;&#21521;&#30456;&#20851;&#25919;&#24220;&#37096;&#38376;&#22791;&#26696;&#65292;&#20197;&#21453;&#26144;&#35813;&#36716;&#35753;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&#8239;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>6.4&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Rights
of First Refusal</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#20248;&#20808;&#36141;&#20080;&#26435;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>6.4.1&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Grant</B>.
Subject to the terms of this Section&#8239;6.4, each of CES and VRB Cayman hereby unconditionally and irrevocably grants to the other
Party a right of first refusal (a &ldquo;<B>ROFR</B>&rdquo;) to purchase all of the Equity Interest that CES or VRB Cayman, as applicable,
may propose to transfer to a third-party at the same price and on the same terms and conditions as those offered to the prospective transferee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#25480;&#20104;&#12290;</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26681;&#25454;&#26412;&#31532;</FONT>6.4<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#30340;&#29992;&#35821;&#65292;&#20013;&#33021;&#20648;&#21644;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#29305;&#27492;&#21508;&#33258;&#26080;&#26465;&#20214;&#19988;&#19981;&#21487;&#25764;&#38144;&#22320;&#25480;&#20104;&#21478;&#19968;&#26041;&#20248;&#20808;&#36141;&#20080;&#26435;&#65288;&ldquo;&#20248;&#20808;&#36141;&#20080;&#26435;&rdquo;&#65289;&#65292;&#20197;&#36141;&#20080;&#20013;&#33021;&#20648;&#25110;
</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#65288;&#22914;&#36866;&#29992;&#65289;&#21487;&#33021;&#24314;&#35758;&#36716;&#35753;&#32473;&#31532;&#19977;&#26041;&#30340;&#25152;&#26377;&#32929;&#26435;&#65292;&#20215;&#26684;&#21450;&#26465;&#27454;&#21644;&#26465;&#20214;&#19982;&#25552;&#20379;&#32473;&#28508;&#22312;&#21463;&#35753;&#26041;&#30340;&#30456;&#21516;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>6.4.2&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Notice</B>.
If CES or VRB Cayman (as the case may be, the &ldquo;<B>Offeror</B>&rdquo;) proposes to transfer all of its Equity Interest (the &ldquo;<B>Offered
Equity Interest</B>&rdquo;) to a Person that is not a Permitted Transferee, it must deliver a proposed notice (the &ldquo;<B>Offer Notice</B>&rdquo;)
to the Board and the other Party (the &ldquo;<B>Offeree</B>&rdquo;) no later than thirty (30) days prior to the consummation of such
transfer. The Offer Notice shall contain the material terms and conditions (including price and form of consideration) of the transfer,
the identity of the prospective transferee, and the intended date of the transfer. To exercise the ROFR, the Offeree must deliver an
acceptance notice to the Board and the Offeror within fifteen (15) days after the Offeree&rsquo;s receipt of the Offer Notice specifying
the portion of the Offered Equity Interest the Offeree elects to purchase from the Offeror (the &ldquo;<B>Accepted Equity Interest</B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#33509;&#20013;&#33021;&#20648;&#25110;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#65288;&#35270;&#24773;&#20917;&#32780;&#23450;&#65292;<B>&ldquo;&#35201;&#32422;&#26041;&rdquo;</B>&#65289;&#25311;&#23558;&#20854;&#20840;&#37096;&#32929;&#26435;&#65288;<B>&ldquo;&#35201;&#32422;&#32929;&#26435;&rdquo;</B>&#65289;&#36716;&#35753;&#32473;&#38750;&#33719;&#20934;&#21463;&#35753;&#26041;&#65292;&#21017;&#24517;&#39035;&#22312;&#23436;&#25104;&#35813;&#36716;&#35753;&#21069;&#19977;&#21313;&#65288;</FONT>30<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#22825;&#20869;&#21521;&#33891;&#20107;&#20250;&#21644;&#21478;&#19968;&#26041;&#65288;<B>&ldquo;&#21463;&#35201;&#26041;&rdquo;</B>&#65289;&#21457;&#20986;&#25311;&#35758;&#36890;&#30693;&#65288;<B>&ldquo;&#35201;&#32422;&#36890;&#30693;&rdquo;</B>&#65289;&#12290;&#35201;&#32422;&#36890;&#30693;&#24212;&#21253;&#21547;&#36716;&#35753;&#30340;&#37325;&#35201;&#26465;&#27454;&#21644;&#26465;&#20214;&#65288;&#21253;&#25324;&#20215;&#26684;&#21644;&#23545;&#20215;&#24418;&#24335;&#65289;&#12289;&#28508;&#22312;&#21463;&#35753;&#26041;&#30340;&#36523;&#20221;&#20197;&#21450;&#39044;&#23450;&#36716;&#35753;&#26085;&#26399;&#12290;&#33509;&#35201;&#34892;&#20351;&#20248;&#20808;&#36141;&#20080;&#26435;&#65292;&#21463;&#35201;&#26041;&#24517;&#39035;&#22312;&#25910;&#21040;&#35201;&#32422;&#36890;&#30693;&#21518;&#21313;&#20116;&#65288;</FONT>15<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#22825;&#20869;&#21521;&#33891;&#20107;&#20250;&#21450;&#35201;&#32422;&#26041;&#36882;&#20132;&#25509;&#25910;&#36890;&#30693;&#65292;&#21015;&#26126;&#21463;&#35201;&#26041;&#36873;&#25321;&#21521;&#35201;&#32422;&#26041;&#36141;&#20080;&#30340;&#35201;&#32422;&#32929;&#26435;&#37096;&#20998;&#65288;<B>&ldquo;&#24050;&#25509;&#21463;&#32929;&#26435;&rdquo;</B>&#65289;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>6.4.3&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Consideration;
Closing</B>. If the consideration proposed to be paid for the Accepted Equity Interest is in property, services, or other non-cash consideration,
the fair market value of the consideration shall be agreed by the Offeror and Offeree and if the Offeror and Offeree cannot agree the
fair market value, then the fair market value will be determined by an independent appraiser selected by the mutual agreement of the
Offeror and the Offeree. If the Offeree cannot for any reason pay for the Accepted Equity Interest in the same form of non-cash consideration,
the Offeree may pay the cash value equivalent thereof, as determined by the independent appraiser or agreed by the Offeror and Offeree.
The closing of the purchase and sale of the Accepted Equity Interest shall take place, and all payments from the Offeree shall have been
delivered to the Offeror, by the later of (i)&#8239;the date specified in the Offer Notice as the intended date of the transfer; and
(ii)&#8239;sixty (60) days after the Offeree&rsquo;s receipt of the Offer Notice, in each case as extended for each day that an independent
appraiser requires to determine fair market value (if necessary).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#23545;&#20215;&#65307;&#20132;&#21106;&#12290;</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#33509;&#20026;&#25311;&#25509;&#21463;&#32929;&#26435;&#25903;&#20184;&#30340;&#23545;&#20215;&#20026;&#36130;&#20135;&#12289;&#26381;&#21153;&#25110;&#20854;&#20182;&#38750;&#29616;&#37329;&#23545;&#20215;&#65292;&#21017;&#23545;&#20215;&#30340;&#20844;&#24179;&#24066;&#22330;&#20215;&#26684;&#24212;&#30001;&#35201;&#32422;&#26041;&#21644;&#21463;&#35201;&#26041;&#21327;&#21830;&#30830;&#23450;&#12290;&#33509;&#35201;&#32422;&#26041;&#21644;&#21463;&#35201;&#26041;&#26080;&#27861;&#23601;&#20844;&#24179;&#24066;&#22330;&#20215;&#26684;&#36798;&#25104;&#19968;&#33268;&#65292;&#21017;&#35813;&#20844;&#24179;&#24066;&#22330;&#20215;&#26684;&#24212;&#30001;&#21452;&#26041;&#20849;&#21516;&#21516;&#24847;&#30340;&#29420;&#31435;&#35780;&#20272;&#24072;&#30830;&#23450;&#12290;&#33509;&#22240;&#20219;&#20309;&#21407;&#22240;&#21463;&#35201;&#26041;&#26080;&#27861;&#20197;&#30456;&#21516;&#24418;&#24335;&#30340;&#38750;&#29616;&#37329;&#23545;&#20215;&#25903;&#20184;&#24050;&#25509;&#21463;&#32929;&#26435;&#65292;&#21463;&#35201;&#26041;&#21487;&#20197;&#25903;&#20184;&#20854;&#31561;&#20540;&#30340;&#29616;&#37329;&#23545;&#20215;&#65292;&#35813;&#29616;&#37329;&#23545;&#20215;&#30001;&#29420;&#31435;&#35780;&#20272;&#24072;&#30830;&#23450;&#25110;&#30001;&#35201;&#32422;&#26041;&#21644;&#21463;&#35201;&#26041;&#21327;&#21830;&#19968;&#33268;&#30830;&#23450;&#12290;&#24050;&#25509;&#21463;&#32929;&#26435;&#30340;&#36141;&#20080;&#21644;&#38144;&#21806;&#30340;&#20132;&#21106;&#24212;&#22312;&#20197;&#19979;&#36739;&#26202;&#30340;&#26102;&#38388;&#36827;&#34892;&#65292;&#24182;&#19988;&#21463;&#35201;&#26041;&#24212;&#22312;&#27492;&#26102;&#38388;&#20043;&#21069;&#23558;&#25152;&#26377;&#25903;&#20184;&#27454;&#39033;&#20132;&#20184;&#32473;&#35201;&#32422;&#26041;&#65306;&#65288;</FONT>i<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#35201;&#32422;&#36890;&#30693;&#20013;&#25351;&#23450;&#30340;&#39044;&#26399;&#36716;&#35753;&#26085;&#26399;&#65307;&#25110;&#65288;</FONT>ii<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#21463;&#35201;&#26041;&#25910;&#21040;&#35201;&#32422;&#36890;&#30693;&#21518;&#20845;&#21313;&#65288;</FONT>60<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#22825;&#20869;&#65292;&#24517;&#35201;&#26102;&#36824;&#24212;&#24310;&#38271;&#29420;&#31435;&#35780;&#20272;&#24072;&#20026;&#30830;&#23450;&#20844;&#24179;&#24066;&#22330;&#20215;&#26684;&#25152;&#38656;&#30340;&#27599;&#19968;&#22825;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>6.4.4&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Sale
to Prospective Transferee</B>. If the Offeree declines or fails to timely exercise the ROFR with respect to any portion of the Offered
Equity Interest in accordance with this Section&#8239;6.4, the Offeror may then sell the remaining portion of the Offered Equity Interest
to the prospective transferee and on the terms set forth in the Offer Notice (subject to the Tag-Along Rights set forth in Section&#8239;6.5,
if applicable); provided, that if such purchase and sale is not completed within ninety (90) days (excluding the time required for tax
clearance) after date the Offeree declines or fails to timely exercise the ROFR, then such portion of the Offered Equity Interest shall
once again be subject to the ROFR.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#21521;&#25311;&#21463;&#35201;&#26041;&#20986;&#21806;&#12290;</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#33509;&#21463;&#35201;&#26041;&#26681;&#25454;&#26412;&#21327;&#35758;&#31532;</FONT>6.4<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#25298;&#32477;&#25110;&#26410;&#33021;&#21450;&#26102;&#34892;&#20351;&#23545;&#20219;&#20309;&#35201;&#32422;&#32929;&#26435;&#37096;&#20998;&#30340;&#20248;&#20808;&#36141;&#20080;&#26435;&#65292;&#21017;&#35201;&#32422;&#26041;&#21487;&#20197;&#23558;&#21097;&#20313;&#37096;&#20998;&#30340;&#35201;&#32422;&#32929;&#26435;&#20986;&#21806;&#32473;&#28508;&#22312;&#21463;&#35753;&#26041;&#65292;&#24182;&#25353;&#29031;&#35201;&#32422;&#36890;&#30693;&#20013;&#35268;&#23450;&#30340;&#26465;&#27454;&#36827;&#34892;&#20986;&#21806;&#65288;&#22914;&#36866;&#29992;&#65292;&#21463;&#38480;&#20110;&#31532;</FONT>6.5<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#20013;&#35268;&#23450;&#30340;&#38543;&#21806;&#26435;&#65289;&#65307;&#20294;&#21069;&#25552;&#26159;&#65292;&#33509;&#35813;&#36141;&#20080;&#21644;&#20986;&#21806;&#26410;&#33021;&#22312;&#21463;&#35201;&#26041;&#25298;&#32477;&#25110;&#26410;&#33021;&#21450;&#26102;&#34892;&#20351;&#20248;&#20808;&#36141;&#20080;&#26435;&#21518;&#30340;&#20061;&#21313;&#65288;</FONT>90<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#22825;&#20869;&#65288;&#19981;&#21253;&#25324;&#31246;&#21153;&#28165;&#31639;&#25152;&#38656;&#30340;&#26102;&#38388;&#65289;&#23436;&#25104;&#65292;&#21017;&#35813;&#37096;&#20998;&#35201;&#32422;&#32929;&#26435;&#23558;&#20877;&#27425;&#21463;&#38480;&#20110;&#20248;&#20808;&#36141;&#20080;&#26435;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>6.5&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Tag-Along
Rights</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>&#38543;&#21806;&#26435;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>6.5.1&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Participation</B>.
Subject to the terms of this Section&#8239;6.5, if CES proposes to transfer all or any portion of its Equity Interest to a Person that
is not a Permitted Transferee and VRB Cayman declines or fails to timely exercise the ROFR with respect to any portion of such Equity
Interest, then VRB Cayman shall have the right to participate in the proposed sale (a &ldquo;<B>Tag-Along Sale</B>&rdquo;) by selling
to the prospective transferee identified in the Offer Notice, at the same price and on the same terms and conditions as set forth in
the Offer Notice, up to that portion of the Equity Interest held by VRB Cayman that is equal to product of (i)&#8239;the Equity Interest
CES proposes to sell in the Tag-Along Sale, multiplied by (ii)&#8239;a fraction (x)&#8239;the numerator of which is the Equity Interest
held by VRB Cayman and (y)&#8239;the denominator of which is the total issued and outstanding Equity Interest of VRB China.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#21442;&#19982;&#12290;</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26681;&#25454;&#26412;&#31532;</FONT>6.5<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#30340;&#35268;&#23450;&#65292;&#33509;&#20013;&#33021;&#20648;&#25311;&#23558;&#20854;&#20840;&#37096;&#25110;&#37096;&#20998;&#32929;&#26435;&#36716;&#35753;&#32473;&#19968;&#20010;&#38750;&#33719;&#20934;&#21463;&#35753;&#26041;&#65292;&#19988;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#25298;&#32477;&#25110;&#26410;&#33021;&#21450;&#26102;&#34892;&#20351;&#23545;&#35813;&#32929;&#26435;&#30340;&#20248;&#20808;&#36141;&#20080;&#26435;&#65292;&#21017;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#26377;&#26435;&#21442;&#19982;&#25311;&#36827;&#34892;&#30340;&#20986;&#21806;&#65288;</FONT>&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#38543;&#21806;&#26435;&#20986;&#21806;</B></FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#65292;&#25353;&#29031;&#35201;&#32422;&#36890;&#30693;&#20013;&#25152;&#21015;&#30340;&#30456;&#21516;&#20215;&#26684;&#21644;&#26465;&#27454;&#65292;&#23558;&#20854;&#25345;&#26377;&#30340;&#32929;&#26435;&#20986;&#21806;&#32473;&#35201;&#32422;&#36890;&#30693;&#20013;&#25351;&#23450;&#30340;&#28508;&#22312;&#21463;&#35753;&#26041;&#12290;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#26368;&#22810;&#21487;&#20197;&#20986;&#21806;&#20854;&#25345;&#26377;&#30340;&#32929;&#26435;&#27604;&#20363;&#65292;&#35813;&#27604;&#20363;&#31561;&#20110;&#20197;&#19979;&#20056;&#31215;&#65306;&#65288;</FONT>i<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#20013;&#33021;&#20648;&#25311;&#22312;&#38543;&#21806;&#26435;&#20986;&#21806;&#20013;&#20986;&#21806;&#30340;&#32929;&#26435;&#65292;&#20056;&#20197;&#65288;</FONT>ii<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#19968;&#20010;&#20998;&#25968;&#65288;</FONT>x<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#65292;&#20854;&#20013;&#20998;&#23376;&#20026;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#25345;&#26377;&#30340;&#32929;&#26435;&#65292;&#20998;&#27597;&#20026;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#24050;&#21457;&#34892;&#30340;&#24635;&#32929;&#26435;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>6.5.2&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Notice</B>.
VRB Cayman may exercise its tag-along rights in connection with a Tag-Along Sale by notifying CES within fifteen (15)&#8239;days after
the expiration of the ROFR. Such exercise notice must identify the Equity Interest VRB Cayman elects to sell to the prospective transferee
in the Tag-Along Sale.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#36890;&#30693;&#12290;</B></FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#21487;&#36890;&#36807;&#22312;&#20248;&#20808;&#36141;&#20080;&#26435;&#26399;&#28385;&#21518;&#30340;&#21313;&#20116;&#65288;</FONT>15<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#22825;&#20869;&#36890;&#30693;&#20013;&#33021;&#20648;&#65292;&#34892;&#20351;&#20854;&#19982;&#38543;&#21806;&#26435;&#20986;&#21806;&#30456;&#20851;&#30340;&#38543;&#21806;&#26435;&#12290;&#34892;&#20351;&#35813;&#26435;&#21033;&#30340;&#36890;&#30693;&#24517;&#39035;&#26126;&#30830;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#36873;&#25321;&#22312;&#38543;&#21806;&#26435;&#20986;&#21806;&#20013;&#20986;&#21806;&#32473;&#28508;&#22312;&#21463;&#35753;&#26041;&#30340;&#32929;&#26435;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>6.5.3&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Closing</B>.
CES shall use commercially reasonable efforts to include in the Tag-Along Sale all of the Equity Interest VRB Cayman has elected to sell
pursuant to its tag-along rights, it being understood that the prospective transferee shall not be required to purchase any amount of
Equity Interests in excess of the Offered Equity Interest. In the event the prospective transferee elects to purchase less than all of
the Equity Interest sought to be sold by VRB Cayman in the Tag-Along Sale, the portion of the Equity Interest to be sold to the prospective
transferee by CES and VRB Cayman shall be reduced pro rata in proportion to the Equity Interest that each proposed to sell to the prospective
transferee in the Tag-Along Sale so that the aggregate amount of Equity Interest to be sold to the prospective transferee by CES and
VRB Cayman equals the aggregate amount that the prospective transferee is willing to purchase.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#20132;&#21106;&#12290;</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#33021;&#20648;&#24212;&#23613;&#21830;&#19994;&#19978;&#21512;&#29702;&#30340;&#21162;&#21147;&#23558;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#26681;&#25454;&#20854;&#38543;&#21806;&#26435;&#36873;&#25321;&#20986;&#21806;&#30340;&#20840;&#37096;&#32929;&#26435;&#21253;&#21547;&#22312;&#38543;&#21806;&#26435;&#20986;&#21806;&#30340;&#33539;&#22260;&#20869;&#65292;&#20294;&#24212;&#29702;&#35299;&#65292;&#28508;&#22312;&#21463;&#35753;&#26041;&#19981;&#38656;&#36141;&#20080;&#36229;&#36807;&#35201;&#32422;&#32929;&#26435;&#30340;&#20219;&#20309;&#32929;&#26435;&#12290;&#33509;&#28508;&#22312;&#21463;&#35753;&#26041;&#36873;&#25321;&#36141;&#20080;&#30340;&#32929;&#26435;&#23569;&#20110;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#22312;&#38543;&#21806;&#26435;&#20986;&#21806;&#20013;&#25311;&#20986;&#21806;&#30340;&#20840;&#37096;&#32929;&#26435;&#65292;&#21017;&#20013;&#33021;&#20648;&#21644;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#20998;&#21035;&#20986;&#21806;&#32473;&#28508;&#22312;&#21463;&#35753;&#26041;&#30340;&#32929;&#26435;&#20221;&#39069;&#23558;&#25353;&#27604;&#20363;&#32553;&#20943;&#65292;&#27604;&#20363;&#20381;&#25454;&#21508;&#33258;&#25311;&#22312;&#38543;&#21806;&#26435;&#20986;&#21806;&#20013;&#20986;&#21806;&#32473;&#28508;&#22312;&#21463;&#35753;&#26041;&#30340;&#32929;&#26435;&#27604;&#20363;&#36827;&#34892;&#35843;&#25972;&#65292;&#20174;&#32780;&#30830;&#20445;&#20013;&#33021;&#20648;&#21644;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#20986;&#21806;&#32473;&#28508;&#22312;&#21463;&#35753;&#26041;&#30340;&#32929;&#26435;&#24635;&#39069;&#31561;&#20110;&#28508;&#22312;&#21463;&#35753;&#26041;&#24895;&#24847;&#36141;&#20080;&#30340;&#24635;&#39069;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>6.5.4&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Sale
to Prospective Transferee</B>. If VRB Cayman declines or fails to timely exercise its tag-along rights with respect to any portion of
the Offered Equity Interest in accordance with this Section&#8239;6.5, CES may then sell the remaining portion of the Offered Equity
Interest to the prospective transferee and on the terms set forth in the Offer Notice; provided, that if such purchase and sale is not
completed within ninety (90)&#8239;days after date VRB Cayman declines or fails to timely exercise the its tag-along rights, then such
portion of the Offered Equity Interest shall once again be subject to the tag-along rights.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#21521;&#28508;&#22312;&#21463;&#35753;&#26041;&#20986;&#21806;&#12290;</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#33509;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#26681;&#25454;&#26412;&#31532;
</FONT>6.5<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#25298;&#32477;&#25110;&#26410;&#33021;&#21450;&#26102;&#34892;&#20351;&#20854;&#38024;&#23545;&#20219;&#20309;&#35201;&#32422;&#32929;&#26435;&#37096;&#20998;&#30340;&#38543;&#21806;&#26435;&#65292;&#21017;&#20013;&#33021;&#20648;&#21487;&#20197;&#25353;&#29031;&#35201;&#32422;&#36890;&#30693;&#20013;&#35268;&#23450;&#30340;&#26465;&#27454;&#65292;&#23558;&#21097;&#20313;&#30340;&#35201;&#32422;&#32929;&#26435;&#20986;&#21806;&#32473;&#28508;&#22312;&#21463;&#35753;&#26041;&#65307;&#20294;&#21069;&#25552;&#26159;&#65292;&#33509;&#35813;&#36141;&#20080;&#21644;&#20986;&#21806;&#26410;&#33021;&#22312;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#25298;&#32477;&#25110;&#26410;&#33021;&#21450;&#26102;&#34892;&#20351;&#20854;&#38543;&#21806;&#26435;&#21518;&#30340;&#20061;&#21313;&#65288;</FONT>90<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#22825;&#20869;&#23436;&#25104;&#65292;&#21017;&#35813;&#37096;&#20998;&#35201;&#32422;&#32929;&#26435;&#23558;&#20877;&#27425;&#21463;&#38480;&#20110;&#38543;&#21806;&#26435;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>6.6</B> <FONT STYLE="font-weight: normal">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;No
Shop. VRB Cayman agrees that for a period of three (3) years from the Execution Date that it shall not solicit or seek any offers or
inquiries from any person or company for the sale of Control of VRB Cayman, but provided that the foregoing restriction does not prevent
VRB Cayman from responding to, discussing, accepting, or consummating a transaction that would otherwise be prohibited by this section
and that is made and received on an unsolicited basis from any person or company.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#19981;&#24471;&#23547;&#25214;&#20080;&#23478;</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#12290;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#21516;&#24847;&#33258;&#31614;&#32626;&#26085;&#19977;&#65288;</FONT>3<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#24180;&#30340;&#26399;&#38388;&#20869;&#20854;&#19981;&#20250;&#20828;&#21806;&#25110;&#21521;&#20219;&#20309;&#20010;&#20154;&#25110;&#20844;&#21496;&#23547;&#27714;&#20851;&#20110;&#20986;&#21806;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#25511;&#21046;&#26435;&#30340;&#35201;&#32422;&#25110;&#38382;&#35810;&#65292;&#20294;&#21069;&#25552;&#26159;&#35813;&#38480;&#21046;&#19981;&#31105;&#27490;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#22238;&#24212;&#12289;&#35752;&#35770;&#12289;&#25509;&#21463;&#25110;&#23436;&#25104;&#20854;&#26412;&#24212;&#22312;&#26412;&#26465;&#19979;&#31105;&#27490;&#30340;&#12289;&#22312;&#26410;&#20828;&#21806;&#30340;&#24773;&#20917;&#19979;&#20174;&#20219;&#20309;&#20010;&#20154;&#25110;&#20844;&#21496;&#22788;&#25910;&#21040;&#24182;&#36798;&#25104;&#30340;&#20132;&#26131;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>Article&#8239;7<BR>
</B></FONT><B><FONT STYLE="text-transform: uppercase">TAXES</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>&#31532;&#19971;&#26465;</B></FONT><B><BR>
 &#31246;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>7.1&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Shareholder
Responsibility</B>. In accordance with Law, and notwithstanding any other provision of this Agreement, each Shareholder shall be responsible
for and shall bear the cost of any Tax which may be imposed on such Shareholder with respect to its Equity Interests, including any such
Taxes imposed on such Shareholder with respect to its respective share of profits in VRB China and any Taxes imposed on payments made
to such Shareholder by VRB China in connection with a distribution to such Shareholder. Each Shareholder shall bear the cost of any withholding
Taxes imposed on any payments made to such Shareholder by VRB China in connection with a distribution to such Shareholder. VRB China
shall withhold and pay all withholding or other Taxes required under Law (as such withholding or other Taxes may be adjusted pursuant
to the provisions of any applicable treaty, to the extent that the provisions of such treaty are permitted to be applied under Law).
In addition, VRB China shall have the right to withhold from any payment to any Shareholder any Taxes required to be withheld under any
Law. All such amounts withheld from payments made to any Shareholder shall be deemed to have been distributed to such Shareholder and
shall be accounted for in accordance with PRC GAAP.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#32929;&#19996;&#36131;&#20219;&#12290;</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26681;&#25454;&#27861;&#24459;&#35268;&#23450;&#65292;&#19988;&#19981;&#35770;&#26412;&#21327;&#35758;&#30340;&#20854;&#20182;&#26465;&#27454;&#22914;&#20309;&#35268;&#23450;&#65292;&#27599;&#20301;&#32929;&#19996;&#24212;&#23545;&#20854;&#32929;&#26435;&#21487;&#33021;&#20135;&#29983;&#30340;&#20219;&#20309;&#31246;&#27454;&#36127;&#36131;&#65292;&#24182;&#25215;&#25285;&#35813;&#31561;&#31246;&#27454;&#30340;&#36153;&#29992;&#65292;&#21253;&#25324;&#23545;&#20854;&#22312;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#20013;&#30340;&#21033;&#28070;&#20221;&#39069;&#25152;&#24449;&#25910;&#30340;&#20219;&#20309;&#31246;&#27454;&#65292;&#20197;&#21450;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#21521;&#35813;&#32929;&#19996;&#20998;&#37197;&#26102;&#25903;&#20184;&#30340;&#20219;&#20309;&#27454;&#39033;&#25152;&#20135;&#29983;&#30340;&#31246;&#27454;&#12290;&#27599;&#20301;&#32929;&#19996;&#24212;&#25215;&#25285;&#19982;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#21521;&#20854;&#20998;&#37197;&#27454;&#39033;&#30456;&#20851;&#30340;&#20219;&#20309;&#20195;&#25187;&#31246;&#30340;&#36153;&#29992;&#12290;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#24212;&#25353;&#29031;&#27861;&#24459;&#30340;&#35201;&#27714;&#25187;&#32564;&#24182;&#25903;&#20184;&#25152;&#26377;&#24212;&#32564;&#30340;&#20195;&#25187;&#25110;&#20854;&#20182;&#31246;&#27454;&#65288;&#27492;&#31867;&#20195;&#25187;&#25110;&#20854;&#20182;&#31246;&#27454;&#21487;&#26681;&#25454;&#36866;&#29992;&#26465;&#32422;&#30340;&#35268;&#23450;&#36827;&#34892;&#35843;&#25972;&#65292;&#21069;&#25552;&#26159;&#35813;&#26465;&#32422;&#30340;&#35268;&#23450;&#22312;&#27861;&#24459;&#20801;&#35768;&#30340;&#33539;&#22260;&#20869;&#36866;&#29992;&#65289;&#12290;&#27492;&#22806;&#65292;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#26377;&#26435;&#20174;&#21521;&#20219;&#20309;&#32929;&#19996;&#25903;&#20184;&#30340;&#27454;&#39033;&#20013;&#25187;&#38500;&#26681;&#25454;&#20219;&#20309;&#27861;&#24459;&#35201;&#27714;&#20195;&#25187;&#30340;&#31246;&#27454;&#12290;&#20174;&#25903;&#20184;&#32473;&#20219;&#20309;&#32929;&#19996;&#30340;&#27454;&#39033;&#20013;&#25187;&#38500;&#30340;&#25152;&#26377;&#27492;&#31867;&#37329;&#39069;&#24212;&#34987;&#35270;&#20026;&#24050;&#20998;&#37197;&#32473;&#35813;&#32929;&#19996;&#65292;&#24182;&#26681;&#25454;&#20013;&#22269;&#36890;&#29992;&#20250;&#35745;&#20934;&#21017;&#36827;&#34892;&#22788;&#29702;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>7.2&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Tax
Receipts</B>. VRB China shall provide each Shareholder with copies of all applicable Tax receipts evidencing such payments or other evidence
reasonably satisfactory to the Shareholder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#31246;&#25910;&#20973;&#35777;&#12290;</B></FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#24212;&#21521;&#27599;&#20301;&#32929;&#19996;&#25552;&#20379;&#25152;&#26377;&#30456;&#20851;&#31246;&#25910;&#20973;&#35777;&#30340;&#21103;&#26412;&#65292;&#35777;&#26126;&#35813;&#31561;&#25903;&#20184;&#65292;&#25110;&#25552;&#20379;&#20854;&#20182;&#20196;&#32929;&#19996;&#21512;&#29702;&#28385;&#24847;&#30340;&#35777;&#26126;&#26448;&#26009;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>Article&#8239;8<BR>
</B></FONT><B><FONT STYLE="text-transform: uppercase">BREACH</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>&#31532;&#20843;&#26465;</B></FONT><B><BR>
 &#36829;&#32422;</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>8.1&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Default</B>.
If:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt"><B>&#36829;&#32422;&#12290;</B></FONT>&#33509;&#65306;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>8.1.1&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT>A
Shareholder is in material breach of its obligations under any VRB China Governing Document and such breach is not remedied within ninety
(90)&#8239;days of being notified in writing by another Party of the breach; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#32929;&#19996;&#20005;&#37325;&#36829;&#21453;&#20854;&#22312;&#20219;&#20309;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#27835;&#29702;&#25991;&#20214;&#20013;&#30340;&#20041;&#21153;&#65292;&#19988;&#22312;&#21478;&#19968;&#26041;&#20070;&#38754;&#36890;&#30693;&#35813;&#36829;&#32422;&#21518;&#30340;&#20061;&#21313;&#65288;</FONT>90<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#22825;&#20869;&#26410;&#24471;&#21040;&#34917;&#25937;&#65307;&#25110;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>8.1.2&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT>A
Shareholder is subject to an Insolvency Event; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&#32929;&#19996;&#21457;&#29983;&#30772;&#20135;&#20107;&#20214;&#65307;&#25110;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>8.1.3&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT>A
Shareholder is subject to a Liquidation Event.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&#32929;&#19996;&#21457;&#29983;&#28165;&#31639;&#20107;&#20214;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">then such Shareholder shall be in &ldquo;<B>Default</B>&rdquo;
and shall be a &ldquo;<B>Defaulting Shareholder</B>.&rdquo; For the purposes of this Article&#8239;8, any Permitted Transferee of a Defaulting
Shareholder shall also be deemed to be in Default.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#21017;&#35813;&#32929;&#19996;&#23558;&#34987;&#35270;&#20026;</FONT><B>&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#36829;&#32422;</FONT>&rdquo;</B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#65292;&#24182;&#25104;&#20026;</FONT><B>&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#36829;&#32422;&#32929;&#19996;</FONT>&rdquo;</B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#12290;&#20026;&#26412;&#31532;</FONT>8<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#30340;&#30446;&#30340;&#65292;&#36829;&#32422;&#32929;&#19996;&#30340;&#20219;&#20309;&#33719;&#20934;&#21463;&#35753;&#26041;&#20063;&#23558;&#34987;&#35270;&#20026;&#36829;&#32422;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>8.2&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Default
Notice</B>. In the event of a Default, VRB China, CES (if it is not in Default), or VRB Cayman (if it is not in Default), may give written
notice of the Default (a &ldquo;<B>Default Notice</B>&rdquo;) to the Board, the Defaulting Shareholder, and all the other Shareholders.
The Default Notice shall state with reasonable certainty the grounds for the Default and the date the Default began.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#36829;&#32422;&#36890;&#30693;&#12290;</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#22312;&#21457;&#29983;&#36829;&#32422;&#30340;&#24773;&#20917;&#19979;&#65292;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#12289;&#20013;&#33021;&#20648;&#65288;&#22914;&#26524;&#20854;&#26410;&#36829;&#32422;&#65289;&#25110;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#65288;&#22914;&#26524;&#20854;&#26410;&#36829;&#32422;&#65289;&#21487;&#20197;&#21521;&#33891;&#20107;&#20250;&#12289;&#36829;&#32422;&#32929;&#19996;&#21450;&#25152;&#26377;&#20854;&#20182;&#32929;&#19996;&#21457;&#20986;&#20070;&#38754;&#36829;&#32422;&#36890;&#30693;&#65288;</FONT><B>&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#36829;&#32422;&#36890;&#30693;</FONT>&rdquo;</B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#12290;&#36829;&#32422;&#36890;&#30693;&#24212;&#21512;&#29702;&#26126;&#30830;&#22320;&#38472;&#36848;&#36829;&#32422;&#30340;&#29702;&#30001;&#21450;&#36829;&#32422;&#24320;&#22987;&#30340;&#26085;&#26399;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>8.3&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Effect
of Default</B>. After service of a Default Notice and during the continuation of any Default:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt"><B>&#36829;&#32422;&#24433;&#21709;&#12290;</B></FONT>&#22312;&#36829;&#32422;&#36890;&#30693;&#21457;&#20986;&#21518;&#21450;&#20219;&#20309;&#36829;&#32422;&#25345;&#32493;&#26399;&#38388;&#65306;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>8.3.1&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT>Except
as otherwise required by Law, the Defaulting Shareholder shall not have any of the governance rights under this Agreement or any of the
other VRB China Governing Documents, and, accordingly, the Defaulting Shareholder shall not be entitled designate or nominate any Director
to the Board (if applicable), call for a meeting of the Shareholders, introduce any item for the agenda of a meeting of the Shareholders,
vote or execute any written consent with respect to the Defaulting Shareholder&rsquo;s Equity Interests, from VRB China, or otherwise
exercise any approval rights the Defaulting Shareholder may have under any VRB China Governing Document, and the Equity Interests of
the Defaulting Shareholder shall not be considered in determining the quorum, voting, or consent requirements for the Board or Shareholders
to validly meet or vote on or approve a matter;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#38500;&#38750;&#27861;&#24459;&#21478;&#26377;&#35201;&#27714;&#65292;&#36829;&#32422;&#32929;&#19996;&#23558;&#22833;&#21435;&#26412;&#21327;&#35758;&#25110;&#20219;&#20309;&#20854;&#20182;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#27835;&#29702;&#25991;&#20214;&#19979;&#30340;&#27835;&#29702;&#26435;&#21033;&#65292;&#22240;&#27492;&#65292;&#36829;&#32422;&#32929;&#19996;&#26080;&#26435;&#25351;&#23450;&#25110;&#25552;&#21517;&#20219;&#20309;&#33891;&#20107;&#65288;&#22914;&#36866;&#29992;&#65289;&#65292;&#21484;&#38598;&#32929;&#19996;&#20250;&#35758;&#65292;&#21521;&#32929;&#19996;&#20250;&#35758;&#25552;&#20986;&#20219;&#20309;&#35758;&#31243;&#39033;&#30446;&#65292;&#25237;&#31080;&#25110;&#23545;&#36829;&#32422;&#32929;&#19996;&#30340;&#32929;&#26435;&#25191;&#34892;&#20219;&#20309;&#20070;&#38754;&#21516;&#24847;&#65292;&#25110;&#20197;&#20854;&#20182;&#26041;&#24335;&#34892;&#20351;&#36829;&#32422;&#32929;&#19996;&#22312;&#20219;&#20309;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#27835;&#29702;&#25991;&#20214;&#19979;&#21487;&#33021;&#25317;&#26377;&#30340;&#20219;&#20309;&#25209;&#20934;&#26435;&#65292;&#24182;&#19988;&#36829;&#32422;&#32929;&#19996;&#30340;&#32929;&#26435;&#22312;&#30830;&#23450;&#33891;&#20107;&#20250;&#25110;&#32929;&#19996;&#26377;&#25928;&#21484;&#24320;&#25110;&#34920;&#20915;&#25110;&#25209;&#20934;&#20107;&#39033;&#30340;&#27861;&#23450;&#20154;&#25968;&#12289;&#25237;&#31080;&#25110;&#21516;&#24847;&#35201;&#27714;&#26102;&#19981;&#24212;&#20104;&#20197;&#32771;&#34385;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>8.3.2&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT>Any
Director designated for election to the Board by the Defaulting Shareholder (if any), shall not be entitled to call for a meeting of
the Board, introduce any item for the agenda of a meeting of the Board, vote on any matter to be decided by the Board or execute a written
consent of the Board, or otherwise exercise any approval rights it may have under any VRB China Governing Document (except as otherwise
required by Law); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#30001;&#36829;&#32422;&#32929;&#19996;&#25552;&#21517;&#30340;&#20219;&#20309;&#33891;&#20107;&#65288;&#22914;&#26377;&#65289;&#26080;&#26435;&#21484;&#38598;&#33891;&#20107;&#20250;&#20250;&#35758;&#12289;&#21521;&#33891;&#20107;&#20250;&#20250;&#35758;&#25552;&#20986;&#20219;&#20309;&#35758;&#31243;&#39033;&#30446;&#12289;&#23601;&#33891;&#20107;&#20250;&#35201;&#20915;&#23450;&#30340;&#20219;&#20309;&#20107;&#39033;&#25237;&#31080;&#25110;&#25191;&#34892;&#33891;&#20107;&#20250;&#30340;&#20070;&#38754;&#21516;&#24847;&#65292;&#25110;&#20197;&#20854;&#20182;&#26041;&#24335;&#34892;&#20351;&#20854;&#22312;&#20219;&#20309;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#27835;&#29702;&#25991;&#20214;&#19979;&#21487;&#33021;&#25317;&#26377;&#30340;&#20219;&#20309;&#25209;&#20934;&#26435;&#65288;&#27861;&#24459;&#21478;&#26377;&#35201;&#27714;&#30340;&#38500;&#22806;&#65289;&#65307;&#20197;&#21450;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>8.3.3&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT>The
transfer restrictions set forth in Article&#8239;6 shall not apply to the Equity Interests held by a Shareholder other than the Defaulting
Shareholder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#31532;</FONT>6<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#20013;&#35268;&#23450;&#30340;&#36716;&#35753;&#38480;&#21046;&#19981;&#36866;&#29992;&#20110;&#38500;&#36829;&#32422;&#32929;&#19996;&#20197;&#22806;&#30340;&#20854;&#20182;&#32929;&#19996;&#25152;&#25345;&#26377;&#30340;&#32929;&#26435;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>Article&#8239;9<BR>
</B></FONT><B><FONT STYLE="text-transform: uppercase">COMPLIANCE WITH LAW</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>&#31532;&#20061;&#26465;</B></FONT><B><BR>
 &#36981;&#23432;&#27861;&#24459;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>9.1&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Sanctions
and Anti-Corruption Laws</B>. No Shareholder nor any of its Affiliates or any of their respective directors, supervisors, executives,
officers, employees, or to the knowledge of the Shareholder, any of their respective agents, in each case, is a Sanctioned Person. Each
Shareholder and its Affiliates and their respective directors, supervisors, executives, officers, employees and, to the knowledge of
the Shareholder, their respective agents, in each case when such directors, supervisors, executives, officers, employees, or agents are
acting in their capacity as such or acting for or on behalf of the Shareholder or an Affiliate, are in compliance in all material respects
with applicable Anti-Corruption Laws and applicable Sanctions. VRB China shall institute and maintain policies and procedures designed
to ensure continued compliance with applicable Sanctions and Anti-Corruption Laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&#8239;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#21046;&#35009;&#19982;&#21453;&#33104;&#36133;&#27861;&#24459;&#12290;</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20219;&#20309;&#32929;&#19996;&#25110;&#20854;&#20851;&#32852;&#26041;&#65292;&#25110;&#20854;&#21508;&#33258;&#30340;&#33891;&#20107;&#12289;&#30417;&#20107;&#12289;&#25191;&#34892;&#23448;&#12289;&#32844;&#21592;&#65292;&#25110;&#22312;&#32929;&#19996;&#30693;&#26195;&#30340;&#24773;&#20917;&#19979;&#65292;&#20854;&#21508;&#33258;&#30340;&#20195;&#29702;&#20154;&#65292;&#22343;&#19981;&#23646;&#20110;&#21463;&#21046;&#35009;&#20154;&#22763;&#12290;&#27599;&#20301;&#32929;&#19996;&#21450;&#20854;&#20851;&#32852;&#26041;&#65292;&#20197;&#21450;&#20854;&#21508;&#33258;&#30340;&#33891;&#20107;&#12289;&#30417;&#20107;&#12289;&#25191;&#34892;&#23448;&#12289;&#32844;&#21592;&#65292;&#21644;&#22312;&#32929;&#19996;&#30693;&#26195;&#30340;&#24773;&#20917;&#19979;&#65292;&#20854;&#21508;&#33258;&#30340;&#20195;&#29702;&#20154;&#65292;&#22312;&#19978;&#36848;&#33891;&#20107;&#12289;&#30417;&#20107;&#12289;&#25191;&#34892;&#23448;&#12289;&#32844;&#21592;&#25110;&#20195;&#29702;&#20154;&#20197;&#20854;&#36523;&#20221;&#34892;&#20107;&#25110;&#20195;&#34920;&#32929;&#19996;&#25110;&#20851;&#32852;&#26041;&#34892;&#20107;&#26102;&#65292;&#22312;&#25152;&#26377;&#23454;&#36136;&#26041;&#38754;&#22343;&#36981;&#23432;&#36866;&#29992;&#30340;&#21453;&#33104;&#36133;&#27861;&#24459;&#21644;&#36866;&#29992;&#30340;&#21046;&#35009;&#12290;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#24212;&#24314;&#31435;&#24182;&#20445;&#25345;&#26088;&#22312;&#30830;&#20445;&#25345;&#32493;&#36981;&#23432;&#36866;&#29992;&#21046;&#35009;&#21644;&#21453;&#33104;&#36133;&#27861;&#24459;&#30340;&#25919;&#31574;&#21644;&#31243;&#24207;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>9.2&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Sanctioned
Customers. </B>VRB China agrees not to conduct its Business with any Person, or Governmental Authority that is subject to any Sanctions
and Anti-Corruption Laws, (where doing so is breaching or would breach Sanctions and Anti-Corruption Laws applicable to VRB China, CES,
VRB Cayman or any of their Affiliates), including without limitation, selling any good or product to, or providing any service to, any
such Person or Governmental Authority.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#21463;&#21046;&#35009;&#23458;&#25143;</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#12290;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#21516;&#24847;&#19981;&#19982;&#20219;&#20309;&#21463;&#21046;&#35009;&#30340;&#20154;&#22763;&#25110;&#25919;&#24220;&#26426;&#20851;&#24320;&#23637;&#19994;&#21153;&#65288;&#33509;&#36825;&#26679;&#20570;&#20250;&#36829;&#21453;&#36866;&#29992;&#20110;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#12289;&#20013;&#33021;&#20648;&#12289;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#25110;&#20854;&#20219;&#20309;&#20851;&#32852;&#23454;&#20307;&#30340;&#21046;&#35009;&#21644;&#21453;&#33104;&#36133;&#27861;&#24459;&#65289;&#65292;&#21253;&#25324;&#20294;&#19981;&#38480;&#20110;&#21521;&#20219;&#20309;&#27492;&#31867;&#20154;&#22763;&#25110;&#25919;&#24220;&#26426;&#20851;&#20986;&#21806;&#20219;&#20309;&#21830;&#21697;&#25110;&#20135;&#21697;&#65292;&#25110;&#25552;&#20379;&#20219;&#20309;&#26381;&#21153;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>Article&#8239;10</B></FONT><B><FONT STYLE="text-transform: uppercase"><BR>
MISCELLANEOUS</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&#31532;&#21313;&#26465;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&#26434;&#39033;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>10.1&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Governing
Law</B>. This Agreement shall be governed by the law of the PRC (excluding the law of Hong Kong SAR, Macao SAR and Taiwan), without regard
to conflicts of law principles that would result in the application of any law other than the law of the PRC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>&#36866;&#29992;&#27861;&#24459;&#12290;</B></FONT>&#26412;&#21327;&#35758;&#21463;&#20013;&#21326;&#20154;&#27665;&#20849;&#21644;&#22269;&#27861;&#24459;&#65288;&#19981;&#21253;&#25324;&#39321;&#28207;&#29305;&#21035;&#34892;&#25919;&#21306;&#12289;&#28595;&#38376;&#29305;&#21035;&#34892;&#25919;&#21306;&#21644;&#21488;&#28286;&#22320;&#21306;&#30340;&#27861;&#24459;&#65289;&#31649;&#36758;&#65292;&#19981;&#32771;&#34385;&#23548;&#33268;&#36866;&#29992;&#20013;&#21326;&#20154;&#27665;&#20849;&#21644;&#22269;&#27861;&#24459;&#20197;&#22806;&#20219;&#20309;&#27861;&#24459;&#30340;&#27861;&#24459;&#20914;&#31361;&#21407;&#21017;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>10.2&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Language</B>.
This Agreement has been prepared in both the English language and in the Chinese language, with the Chinese language prevailing in the
case of any inconsistency.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&#8239;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt"><B>&#35821;&#35328;&#12290;</B></FONT>&#26412;&#21327;&#35758;&#20197;&#33521;&#25991;&#21644;&#20013;&#25991;&#20004;&#31181;&#35821;&#35328;&#32534;&#20889;&#65292;&#22914;&#26377;&#20219;&#20309;&#19981;&#19968;&#33268;&#20043;&#22788;&#65292;&#20197;&#20013;&#25991;&#20026;&#20934;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>10.3&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Termination</B>.
This Agreement shall continue in effect until either (i)&#8239;it is terminated pursuant to a written agreement signed by all the Parties
or (ii)&#8239;there is only one shareholder of VRB China, at which time this Agreement shall automatically terminate and be of no further
force or effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#32456;&#27490;&#12290;&#26412;&#21327;&#35758;&#24212;&#25345;&#32493;&#26377;&#25928;&#30452;&#33267;</B></FONT><B>(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#30001;&#25152;&#26377;&#21508;&#26041;&#20849;&#21516;&#31614;&#32626;&#30340;&#20070;&#38754;&#21327;&#35758;&#32422;&#23450;&#32456;&#27490;&#25110;</FONT>(ii)VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#20165;&#26377;&#19968;&#21517;&#32929;&#19996;&#65292;&#21017;&#26412;&#21327;&#35758;&#23626;&#26102;&#23558;&#33258;&#21160;&#32456;&#27490;&#19988;&#20043;&#21518;&#19981;&#20877;&#23384;&#22312;&#32422;&#26463;&#21147;&#12290;</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>10.4&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B>Dispute
Resolution. Any disputes arising from or related to this Agreement or any other Transaction Agreement shall be resolved through friendly
negotiations between the Parties. If an agreement cannot be reached, either VRB Cayman, VRB China or CES shall submit to Beijing Arbitration
Commission for arbitration in accordance with its rules&#8239;of arbitration in effect at the time of applying for arbitration. The seat
of arbitration shall be Beijing. The arbitral award is final and binding upon all Parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#20105;&#35758;&#35299;&#20915;&#12290;</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#22240;&#26412;&#21327;&#35758;&#25110;&#20219;&#20309;&#20854;&#20182;&#20132;&#26131;&#21327;&#35758;&#20135;&#29983;&#30340;&#25110;&#19982;&#26412;&#21327;&#35758;&#25110;&#20219;&#20309;&#20854;&#20182;&#20132;&#26131;&#21327;&#35758;&#26377;&#20851;&#30340;&#20219;&#20309;&#20105;&#35758;&#24212;&#30001;&#21508;&#26041;&#36890;&#36807;&#21451;&#22909;&#21327;&#21830;&#35299;&#20915;&#12290;&#22914;&#26080;&#27861;&#36798;&#25104;&#21327;&#35758;&#65292;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#12289;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#25110;&#20013;&#33021;&#20648;&#20013;&#30340;&#20219;&#20309;&#19968;&#26041;&#21487;&#25552;&#35831;&#21271;&#20140;&#20210;&#35009;&#22996;&#21592;&#20250;&#25353;&#29031;&#35813;&#20250;&#29616;&#34892;&#20210;&#35009;&#35268;&#21017;&#36827;&#34892;&#20210;&#35009;&#12290;&#20210;&#35009;&#22320;&#22312;&#21271;&#20140;&#65292;&#20210;&#35009;&#35009;&#20915;&#26159;&#32456;&#23616;&#30340;&#65292;&#23545;&#21508;&#26041;&#22343;&#26377;&#32422;&#26463;&#21147;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>10.5&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Successors
and Assigns</B>. The terms and conditions of this Agreement shall inure to the benefit of and be binding upon the respective successors
and assigns of the Parties. Nothing in this Agreement, express or implied, is intended to confer upon any party other than the Parties
hereto or their respective successors and assigns any rights, remedies, obligations or liabilities under or by reason of this Agreement,
except as expressly provided in this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt"><B>&#32487;&#25215;&#20154;&#21644;&#21463;&#35753;&#20154;&#12290;</B></FONT>&#26412;&#21327;&#35758;&#30340;&#26465;&#27454;&#21644;&#26465;&#20214;&#24212;&#24800;&#21450;&#21508;&#26041;&#21508;&#33258;&#30340;&#32487;&#25215;&#20154;&#21644;&#21463;&#35753;&#20154;&#65292;&#24182;&#23545;&#20854;&#20855;&#26377;&#32422;&#26463;&#21147;&#12290;&#38500;&#26412;&#21327;&#35758;&#26377;&#26126;&#30830;&#32422;&#23450;&#22806;&#65292;&#26412;&#21327;&#35758;&#30340;&#20219;&#20309;&#26126;&#31034;&#25110;&#40664;&#31034;&#26465;&#27454;&#22343;&#26080;&#24847;&#36171;&#20104;&#26412;&#21327;&#35758;&#21508;&#26041;&#25110;&#20854;&#21508;&#33258;&#30340;&#32487;&#25215;&#20154;&#21644;&#21463;&#35753;&#20154;&#20197;&#22806;&#30340;&#20219;&#20309;&#19968;&#26041;&#26412;&#21327;&#35758;&#39033;&#19979;&#30340;&#25110;&#22240;&#26412;&#21327;&#35758;&#32780;&#20135;&#29983;&#30340;&#20219;&#20309;&#26435;&#21033;&#12289;&#34917;&#25937;&#25514;&#26045;&#12289;&#20041;&#21153;&#25110;&#36131;&#20219;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>10.6&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Notices</B>.
All notices and other communications given or made pursuant to this Agreement shall be in writing (including electronic mail as permitted
in this Agreement) and shall be deemed effectively given upon the earlier of actual receipt, or (i)&#8239;personal delivery to the Party
to be notified; (ii)&#8239;when sent, if sent by electronic mail during normal business hours of the recipient, and if not sent during
normal business hours, then on the recipient&rsquo;s next Business Day; (iii)&#8239;five days after having been sent by registered or
certified mail, return receipt requested, postage prepaid; or (iv)&#8239;one Business Day after deposit with a nationally recognized
overnight courier, freight prepaid, specifying next Business Day delivery, with written verification of receipt. All communications shall
be sent to the respective Parties at the following addresses (or to such address as subsequently modified by written notice given in
accordance with this Section&#8239;10.6):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#36890;&#30693;&#12290;</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26681;&#25454;&#26412;&#21327;&#35758;&#21457;&#20986;&#25110;&#36827;&#34892;&#30340;&#25152;&#26377;&#36890;&#30693;&#21644;&#20854;&#20182;&#36890;&#20449;&#22343;&#24212;&#37319;&#29992;&#20070;&#38754;&#24418;&#24335;&#65288;&#21253;&#25324;&#26412;&#21327;&#35758;&#20801;&#35768;&#30340;&#30005;&#23376;&#37038;&#20214;&#65289;&#65292;&#24182;&#24212;&#22312;&#23454;&#38469;&#25910;&#21040;&#20043;&#26085;&#25110;&#20197;&#19979;&#24773;&#20917;&#20013;&#26368;&#26089;&#30340;&#26102;&#38388;&#35270;&#20026;&#26377;&#25928;&#36865;&#36798;&#65306;&#65288;</FONT>i<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#36890;&#36807;&#20010;&#20154;&#36882;&#36865;&#33267;&#34987;&#36890;&#30693;&#26041;&#65307;&#65288;</FONT>ii<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#22312;&#27491;&#24120;&#24037;&#20316;&#26102;&#38388;&#20869;&#36890;&#36807;&#30005;&#23376;&#37038;&#20214;&#21457;&#36865;&#30340;&#24773;&#20917;&#19979;&#65292;&#21457;&#36865;&#26102;&#35270;&#20026;&#24050;&#36865;&#36798;&#65307;&#33509;&#19981;&#22312;&#27491;&#24120;&#24037;&#20316;&#26102;&#38388;&#20869;&#21457;&#36865;&#65292;&#21017;&#22312;&#25509;&#25910;&#26041;&#30340;&#19979;&#19968;&#20010;&#24037;&#20316;&#26085;&#35270;&#20026;&#24050;&#36865;&#36798;&#65307;&#65288;</FONT>iii<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#36890;&#36807;&#25346;&#21495;&#25110;&#35748;&#35777;&#37038;&#20214;&#21457;&#36865;&#21518;&#20116;&#22825;&#65292;&#35201;&#27714;&#22238;&#25191;&#65292;&#37038;&#36153;&#24050;&#20184;&#65307;&#25110;&#65288;</FONT>iv<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#22312;&#36890;&#36807;&#20840;&#22269;&#30693;&#21517;&#30340;&#38548;&#22812;&#24555;&#36882;&#20844;&#21496;&#23492;&#36865;&#21518;&#19968;&#20010;&#24037;&#20316;&#26085;&#20869;&#65292;&#36816;&#36153;&#24050;&#20184;&#65292;&#25351;&#23450;&#27425;&#26085;&#36865;&#36798;&#65292;&#24182;&#38468;&#26377;&#20070;&#38754;&#25910;&#20214;&#30830;&#35748;&#12290;&#25152;&#26377;&#36890;&#20449;&#24212;&#21457;&#36865;&#33267;&#21508;&#26041;&#30340;&#20197;&#19979;&#22320;&#22336;&#65288;&#25110;&#25353;&#26412;&#26465;&#35268;&#23450;&#20197;&#20070;&#38754;&#36890;&#30693;&#26041;&#24335;&#20462;&#25913;&#30340;&#22320;&#22336;&#65289;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&#8239;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">If to VRB Cayman:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#33509;&#33267;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#65306;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">VRB Energy Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">PO Box 1350</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">Clifton House, 75 Fort Street</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">Grand Cayman</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">KYI-1108 Cayman Islands</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">Email: GeneralCounsel@ivnelectric.com; Quentin@ivnelectric.com;
and leonardo.sacch@ivanhoeelectric.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">If to VRB China:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#33509;&#33267;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#65306;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">VRB Energy System (Beijing) Co. Ltd.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">Beijing Lutong Hongyun Technology and Cultural Creativity
Park,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">No.&#8239;17 Yunshan South Road, Tongzhou District,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">Beijing, PRC</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">Email: charlesge@vrbenergy.com; PeterZ@ivanhoemines.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><FONT STYLE="font-size: 10pt">If to CES:<BR>
</FONT>&#33509;&#33267;&#20013;&#33021;&#20648;&#65306;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">China Energy Storage Co. Ltd.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&#20013;&#33021;&#20648;&#23454;&#19994;&#26377;&#38480;&#20844;&#21496;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Unit
908, Xirongxian Hutong, Xuannei Street, Xicheng District, Beijing, PRC </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#21271;&#20140;&#35199;&#22478;&#21306;&#23459;&#20869;&#22823;&#34903;&#35199;&#32466;&#32447;&#32993;&#21516;&#22825;&#23433;&#22269;&#27719;&#22823;&#21414;</FONT>908<BR>
Email <FONT STYLE="font-family: Times New Roman, Times, Serif">&#37038;&#20214;</FONT>: pengqi@vrbenergy.com; zeshuaihan@vrbenergy.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>10.7&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Costs
of Enforcement</B>. If any action at law or in equity (including, arbitration) is necessary to enforce or interpret the terms of this
Agreement, the prevailing party shall be entitled to reasonable attorneys&rsquo; fees, costs and necessary disbursements in addition
to any other relief to which such party may be entitled.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&#8239;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt"><B>&#25191;&#34892;&#36153;&#29992;&#12290;</B></FONT>&#33509;&#20026;&#25191;&#34892;&#25110;&#35299;&#37322;&#26412;&#21327;&#35758;&#30340;&#26465;&#27454;&#32780;&#24517;&#39035;&#37319;&#21462;&#20219;&#20309;&#27861;&#24459;&#25110;&#34913;&#24179;&#27861;&#34892;&#21160;&#65288;&#21253;&#25324;&#20210;&#35009;&#65289;&#65292;&#21017;&#32988;&#35785;&#26041;&#38500;&#26377;&#26435;&#33719;&#24471;&#20219;&#20309;&#20854;&#20182;&#25937;&#27982;&#22806;&#65292;&#36824;&#26377;&#26435;&#33719;&#24471;&#21512;&#29702;&#30340;&#24459;&#24072;&#36153;&#12289;&#25104;&#26412;&#36153;&#21644;&#24517;&#35201;&#30340;&#25903;&#20986;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>10.8&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Amendments
and Waivers</B>. This Agreement may not be amended, except in a writing signed by all Parties to this Agreement. Any waiver, permit,
consent or approval of any kind or character on the part of any Party of any breach or default under this Agreement, or any waiver on
the part of any Party of any provisions or conditions of this Agreement, must be in writing and signed by the Party providing the waiver,
and shall be effective only to the extent specifically set forth in such writing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt"><B>&#20462;&#35746;&#19982;&#24323;&#26435;&#12290;</B></FONT>&#38500;&#38750;&#26412;&#21327;&#35758;&#25152;&#26377;&#21508;&#26041;&#31614;&#32626;&#20070;&#38754;&#25991;&#20214;&#65292;&#21542;&#21017;&#19981;&#24471;&#20462;&#35746;&#26412;&#21327;&#35758;&#12290;&#20219;&#20309;&#19968;&#26041;&#23545;&#26412;&#21327;&#35758;&#39033;&#19979;&#20219;&#20309;&#36829;&#21453;&#25110;&#36829;&#32422;&#34892;&#20026;&#30340;&#20219;&#20309;&#31181;&#31867;&#25110;&#24615;&#36136;&#30340;&#25918;&#24323;&#12289;&#35768;&#21487;&#12289;&#21516;&#24847;&#25110;&#25209;&#20934;&#65292;&#25110;&#20219;&#20309;&#19968;&#26041;&#23545;&#26412;&#21327;&#35758;&#20219;&#20309;&#26465;&#27454;&#25110;&#26465;&#20214;&#30340;&#20219;&#20309;&#25918;&#24323;&#65292;&#24517;&#39035;&#20197;&#20070;&#38754;&#24418;&#24335;&#20570;&#20986;&#65292;&#24182;&#30001;&#25552;&#20379;&#25918;&#24323;&#30340;&#19968;&#26041;&#31614;&#32626;&#65292;&#19988;&#20165;&#22312;&#35813;&#20070;&#38754;&#24418;&#24335;&#20855;&#20307;&#35268;&#23450;&#30340;&#33539;&#22260;&#20869;&#26377;&#25928;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>10.9&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Severability</B>.
The invalidity or unenforceability of any provision hereof shall in no way affect the validity or enforceability of any other provision.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt"><B>&#21487;&#20998;&#21106;&#24615;</B></FONT>&#12290;&#26412;&#21327;&#35758;&#20219;&#20309;&#26465;&#27454;&#30340;&#26080;&#25928;&#24615;&#25110;&#19981;&#21487;&#25191;&#34892;&#24615;&#32477;&#19981;&#24433;&#21709;&#20219;&#20309;&#20854;&#20182;&#26465;&#27454;&#30340;&#26377;&#25928;&#24615;&#25110;&#21487;&#25191;&#34892;&#24615;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>10.10&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Compliance
with Agreement</B>. In all cases, each Shareholder designating Directors to the Board shall cause such Directors to perform and comply
with the terms set forth in this Agreement. In the event any such Director fails to perform or comply with the terms set forth in this
Agreement, the Shareholder designating such Director to the Board shall immediately replace such Director.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt"><B>&#21327;&#35758;&#36981;&#23432;&#12290;</B></FONT>&#22312;&#20219;&#20309;&#24773;&#20917;&#19979;&#65292;&#25351;&#27966;&#33891;&#20107;&#36827;&#20837;&#33891;&#20107;&#20250;&#30340;&#27599;&#20301;&#32929;&#19996;&#37117;&#24212;&#20419;&#20351;&#36825;&#20123;&#33891;&#20107;&#23653;&#34892;&#24182;&#36981;&#23432;&#26412;&#21327;&#35758;&#35268;&#23450;&#30340;&#26465;&#27454;&#12290;&#33509;&#20219;&#20309;&#33891;&#20107;&#26410;&#33021;&#23653;&#34892;&#25110;&#36981;&#23432;&#26412;&#21327;&#35758;&#35268;&#23450;&#30340;&#26465;&#27454;&#65292;&#25351;&#23450;&#35813;&#33891;&#20107;&#36827;&#20837;&#33891;&#20107;&#20250;&#30340;&#32929;&#19996;&#24212;&#31435;&#21363;&#26367;&#25442;&#35813;&#33891;&#20107;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>10.11&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Delays
or Omissions</B>. No delay or omission to exercise any right, power or remedy accruing to any Party under this Agreement, upon any breach
or default of any other Party under this Agreement, shall impair any such right, power or remedy of such non-breaching or non-defaulting
Party nor shall it be construed to be a waiver of any such breach or default, or an acquiescence therein, or of or in any similar breach
or default thereafter occurring; nor shall any waiver of any single breach or default be deemed a waiver of any other breach or default
theretofore or thereafter occurring.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&#8239;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt"><B>&#24310;&#36831;&#25110;&#36951;&#28431;&#12290;</B></FONT>&#20219;&#20309;&#19968;&#26041;&#22312;&#26412;&#21327;&#35758;&#19979;&#22240;&#21478;&#19968;&#26041;&#30340;&#36829;&#32422;&#25110;&#22833;&#36131;&#32780;&#20139;&#26377;&#30340;&#20219;&#20309;&#26435;&#21033;&#12289;&#26435;&#21147;&#25110;&#34917;&#25937;&#25514;&#26045;&#30340;&#24310;&#36831;&#34892;&#20351;&#25110;&#26410;&#34892;&#20351;&#65292;&#22343;&#19981;&#24471;&#25439;&#23475;&#35813;&#26410;&#36829;&#32422;&#25110;&#26410;&#22833;&#36131;&#26041;&#30340;&#20219;&#20309;&#27492;&#31867;&#26435;&#21033;&#12289;&#26435;&#21147;&#25110;&#34917;&#25937;&#25514;&#26045;&#65292;&#20063;&#19981;&#24471;&#34987;&#35299;&#37322;&#20026;&#23545;&#35813;&#36829;&#32422;&#25110;&#22833;&#36131;&#30340;&#25918;&#24323;&#12289;&#40664;&#35748;&#25110;&#23545;&#38543;&#21518;&#21457;&#29983;&#30340;&#31867;&#20284;&#36829;&#32422;&#25110;&#22833;&#36131;&#30340;&#25918;&#24323;&#25110;&#40664;&#35748;&#65307;&#23545;&#20219;&#20309;&#21333;&#19968;&#36829;&#32422;&#25110;&#22833;&#36131;&#30340;&#25918;&#24323;&#19981;&#24212;&#34987;&#35270;&#20026;&#23545;&#20043;&#21069;&#25110;&#20043;&#21518;&#21457;&#29983;&#30340;&#20219;&#20309;&#20854;&#20182;&#36829;&#32422;&#25110;&#22833;&#36131;&#30340;&#25918;&#24323;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>10.12&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</B></FONT><B>Entire
Agreement</B>. The Preamble and the Recitals are incorporated into and made a part of this Agreement. <FONT STYLE="font-size: 10pt">This
Agreement (including any Appendices, Exhibits, or Schedules attached hereto) constitutes the full and entire understanding and agreement
between the Parties with respect to the subject matter hereof, and any other written or oral agreement relating to the subject matter
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">IN WITNESS WHEREOF, the undersigned
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SIGNATURE PAGE TO<BR>
VRB CHINA JOINT VENTURE AGREEMENT</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">IN WITNESS WHEREOF, the undersigned
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">IN WITNESS WHEREOF, the undersigned
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VRB CHINA JOINT VENTURE AGREEMENT</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>Exhibit&#8239;A</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Cooperation Agreement</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>Exhibit&#8239;B</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Transition Plan</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>tm2426116d1_ex10-3.htm
<DESCRIPTION>EXHIBIT 10.3
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt"><B>Exhibit 10.3</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>COOPERATION AGREEMENT</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>&#21512;&#20316;&#21327;&#35758;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">THIS
COOPERATION AGREEMENT (this &ldquo;<B>Agreement</B>&rdquo;) is made and entered into October&nbsp;15, 2024 (the &ldquo;<B>Execution Date</B>&rdquo;),
by and among VRB Energy System (Beijing) Co.,&nbsp;Ltd., a company registered in Beijing, PRC and existing under the laws of the PRC
and also known as Pu Neng (Beijing) Energy Technology Co.,&nbsp;Ltd. (&ldquo;<B>VRB China</B>&rdquo;), China Energy Storage Industry
Co.,&nbsp;Ltd., a company registered in Beijing, PRC and existing under the laws of the PRC (&ldquo;<B>CES</B>&rdquo;), VRB Energy Inc.,
a corporation existing under the laws of the Cayman Islands (&ldquo;<B>VRB Cayman</B>&rdquo;), and VRB Energy USA,&nbsp;Inc., a Delaware
corporation (&ldquo;<B>VRB USA</B>&rdquo;). Each of VRB China, CES, VRB Cayman, and VRB USA may also be referred to herein individually
as a &ldquo;<B>Party</B>&rdquo; and collectively as the &ldquo;<B>Parties</B>.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#26412;&#21512;&#20316;&#21327;&#35758;&#65288;&ldquo;<B>&#26412;&#21327;&#35758;</B>&rdquo;&#65289;&#20110;</FONT><FONT STYLE="font-size: 10pt">2024<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;</FONT>10<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26376;</FONT>15<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26085;&#65288;&ldquo;<B>&#31614;&#32626;&#26085;</B>&rdquo;&#65289;&#30001;&#20197;&#19979;&#21508;&#26041;&#31614;&#35746;&#65306;</FONT>VRB
Energy System (Beijing) Co.,&nbsp;Ltd.<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65292;&#19968;&#23478;&#22312;&#20013;&#21326;&#20154;&#27665;&#20849;&#21644;&#22269;&#21271;&#20140;&#24066;&#27880;&#20876;&#25104;&#31435;&#24182;&#21463;&#20013;&#21326;&#20154;&#27665;&#20849;&#21644;&#22269;&#27861;&#24459;&#31649;&#36758;&#30340;&#20844;&#21496;&#65292;&#20063;&#31216;&#26222;&#33021;&#65288;&#21271;&#20140;&#65289;&#33021;&#28304;&#31185;&#25216;&#26377;&#38480;&#20844;&#21496;&#65288;&ldquo;</FONT><B>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif">&rdquo;&#65289;&#65292;&#20013;&#33021;&#20648;&#23454;&#19994;&#26377;&#38480;&#20844;&#21496;&#65292;&#19968;&#23478;&#22312;&#20013;&#21326;&#20154;&#27665;&#20849;&#21644;&#22269;&#21271;&#20140;&#24066;&#27880;&#20876;&#25104;&#31435;&#24182;&#21463;&#20013;&#21326;&#20154;&#27665;&#20849;&#21644;&#22269;&#27861;&#24459;&#31649;&#36758;&#30340;&#20844;&#21496;&#65288;&ldquo;<B>&#20013;&#33021;&#20648;</B>&rdquo;&#65289;&#65292;</FONT>VRB
Energy Inc.<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65292;&#19968;&#23478;&#26681;&#25454;&#24320;&#26364;&#32676;&#23707;&#27861;&#24459;&#25104;&#31435;&#30340;&#20844;&#21496;&#65288;&ldquo;</FONT><B>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif">&rdquo;&#65289;&#65292;&#20197;&#21450;</FONT>VRB
Energy USA,&nbsp;Inc.<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65292;&#19968;&#23478;&#29305;&#25289;&#21326;&#24030;&#20844;&#21496;&#65288;&ldquo;</FONT><B>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif">&rdquo;&#65289;&#12290;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#12289;&#20013;&#33021;&#20648;&#12289;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#20197;&#21450;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#20013;&#30340;&#27599;&#19968;&#26041;&#21508;&#31216;&#20026;&ldquo;<B>&#19968;&#26041;</B>&rdquo;&#65292;&#32479;&#31216;&#20026;&ldquo;<B>&#21508;&#26041;</B>&rdquo;&#12290;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>RECITALS</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>&#21069;&#35328;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Pursuant
to that certain Purchase, Sale and Investment Agreement of even date herewith by and among VRB China, VRB Cayman, and CES (the &ldquo;<B>Purchase
Agreement</B>&rdquo;), CES shall acquire fifty-one </FONT><FONT STYLE="font-size: 10pt">percent&nbsp;(51%) of the equity interests in
VRB China and VRB Cayman shall retain the remaining forty-nine&nbsp;(49%) of the equity interests in VRB China.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#26681;&#25454;</FONT><FONT STYLE="font-size: 10pt">VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#12289;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#21450;&#20013;&#33021;&#20648;&#20110;&#26412;&#21327;&#35758;&#21516;&#26085;&#31614;&#35746;&#30340;&#12298;&#36141;&#20080;&#12289;&#20986;&#21806;&#21644;&#25237;&#36164;&#21327;&#35758;&#12299;&#65288;&ldquo;<B>&#12298;&#36141;&#20080;&#21327;&#35758;&#12299;</B>&rdquo;&#65289;&#65292;&#20013;&#33021;&#20648;&#23558;&#25910;&#36141;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#30334;&#20998;&#20043;&#20116;&#21313;&#19968;&#65288;</FONT>51%<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#30340;&#32929;&#26435;&#65292;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#23558;&#20445;&#30041;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#21097;&#20313;&#30334;&#20998;&#20043;&#22235;&#21313;&#20061;&#65288;</FONT>49%<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#30340;&#32929;&#26435;&#12290;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">B.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Parties desire to enter into this Agreement to set forth the terms under which they will work together in good faith to support the &ldquo;VRB&rdquo;
branded vanadium redox flow battery businesses of VRB China in the VRB China Areas and of VRB USA in the VRB Cayman/USA Areas (each of
VRB China and VRB USA a &ldquo;<B>Company</B>&rdquo; and collectively the &ldquo;<B>Companies</B>&rdquo; and each of VRB China Areas
</FONT><FONT STYLE="font-size: 10pt">and VRB Cayman/USA Areas (as set forth in <U>Schedule 1</U> of this Agreement) an &ldquo;<B>Area</B>&rdquo;
and collectively the &ldquo;<B>Areas</B>&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#21508;&#26041;&#24076;&#26395;&#31614;&#35746;&#26412;&#21327;&#35758;&#20197;&#36733;&#26126;&#21508;&#26041;&#23558;&#21892;&#24847;&#21327;&#20316;&#20197;&#25903;&#25345;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#22312;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#21306;&#22495;&#20197;&#21450;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#22312;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;</FONT>/<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#21306;&#22495;&#30340;&ldquo;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&rdquo;&#21697;&#29260;&#20840;&#38034;&#28082;&#27969;&#30005;&#27744;&#19994;&#21153;&#30340;&#26465;&#27454;&#65288;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#21644;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#21508;&#33258;&#31216;&#20026;&ldquo;<B>&#20844;&#21496;</B>&rdquo;&#65292;&#32479;&#31216;&#20026;&ldquo;<B>&#20004;&#20844;&#21496;</B>&rdquo;&#65292;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#21306;&#22495;&#21644;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;</FONT>/<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#21306;&#22495;&#65288;&#22914;&#26412;&#21327;&#35758;<U>&#38468;&#20214;</U></FONT><U>1</U><FONT STYLE="font-family: Times New Roman, Times, Serif">&#25152;&#36848;&#65289;&#21508;&#33258;&#31216;&#20026;&ldquo;<B>&#21306;&#22495;</B>&rdquo;&#65292;&#32479;&#31216;&#20026;&ldquo;<B>&#20004;&#21306;&#22495;</B>&rdquo;&#65289;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">C.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
execution and delivery of this Agreement, along with the other Transaction Documents, is a condition to the execution of the Purchase
Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#31614;&#32626;&#21644;&#20132;&#20184;&#26412;&#21327;&#35758;&#20197;&#21450;&#20854;&#20182;&#20132;&#26131;&#25991;&#20214;&#26159;&#31614;&#32626;&#12298;&#36141;&#20080;&#21327;&#35758;&#12299;&#30340;&#26465;&#20214;&#20043;&#19968;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">D.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Any
capitalized terms used in this Agreement and not otherwise defined in this Agreement shall have the meaning given to them in the Joint
Venture Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&#26412;&#21327;&#35758;&#20013;&#20351;&#29992;&#30340;&#20219;&#20309;&#23450;&#20041;&#26415;&#35821;&#65292;&#38500;&#38750;&#26412;&#21327;&#35758;&#21478;&#26377;&#23450;&#20041;&#65292;&#24212;&#20855;&#26377;&#20854;&#22312;&#12298;&#21512;&#36164;&#21327;&#35758;&#12299;&#20013;&#36171;&#20104;&#30340;&#21547;&#20041;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>AGREEMENT</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>&#21327;&#35758;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NOW,
THEREFORE, </B></FONT><FONT STYLE="font-size: 10pt">for and in consideration of the payments prescribed in the Purchase Agreement, and
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged and confirmed, and the mutual promises,
covenants, and conditions herein contained and recited, the Parties agree as follows:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>&#25454;&#27492;</B>&#65292;&#37492;&#20110;&#12298;&#36141;&#20080;&#21327;&#35758;&#12299;&#20013;&#32422;&#23450;&#30340;&#20184;&#27454;&#20197;&#21450;&#20854;&#20182;&#33391;&#22909;&#21644;&#26377;&#20215;&#20540;&#30340;&#23545;&#20215;&#65292;&#20854;&#25910;&#21462;&#21450;&#20805;&#20998;&#24615;&#29305;&#27492;&#30830;&#35748;&#65292;&#24182;&#22522;&#20110;&#27492;&#65292;&#20197;&#21450;&#26412;&#21327;&#35758;&#25152;&#36733;&#30340;&#30456;&#20114;&#25215;&#35834;&#12289;&#22865;&#32422;&#21644;&#26465;&#20214;&#65292;&#21508;&#26041;&#21516;&#24847;&#22914;&#19979;&#65306;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&nbsp;1.
 &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">&#8239;&#8239;&#8239;<U>Business
Opportunities</U>. It is understood and agreed that the Parties recognize the following mutually beneficial provisions with respect to
cooperation in identification of business opportunities in their respective Areas, and a fair allocation of potential orders between
the Companies with respect to patent protection, cost, customer demands, and capacity, and that these provisions shall only apply for
a period of three (3)&nbsp;years from the Execution Date:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>&#21830;&#19994;&#26426;&#20250;</U>&#12290;&#21508;&#26041;&#29702;&#35299;&#24182;&#21516;&#24847;&#65292;&#22312;&#35782;&#21035;&#21508;&#33258;&#21306;&#22495;&#30340;&#21830;&#19994;&#26426;&#20250;&#30340;&#21512;&#20316;&#65292;&#20197;&#21450;&#26681;&#25454;&#19987;&#21033;&#20445;&#25252;&#12289;&#25104;&#26412;&#12289;&#23458;&#25143;&#38656;&#27714;&#21644;&#20135;&#33021;&#20844;&#24179;&#20998;&#37197;&#20004;&#20844;&#21496;&#38388;&#30340;&#28508;&#22312;&#35746;&#21333;&#26041;&#38754;&#65292;&#21508;&#26041;&#35748;&#21487;&#20197;&#19979;&#20114;&#21033;&#26465;&#27454;&#65292;&#21069;&#36848;&#32422;&#23450;&#20165;&#36866;&#29992;&#20110;&#33258;&#31614;&#32626;&#26085;&#36215;&#19977;&#65288;</FONT><FONT STYLE="font-size: 10pt">3<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#24180;&#20869;&#65306;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">Each
Company (&ldquo;A&rdquo;) may, but shall not be obligated to, notify the other Company (&ldquo;B&rdquo;) of any business opportunity
that becomes known to A that is not in B&rsquo;s Area.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#27599;&#23478;&#20844;&#21496;&#65288;&ldquo;</FONT><FONT STYLE="font-size: 10pt">A<FONT STYLE="font-family: Times New Roman, Times, Serif">&rdquo;&#65289;&#21487;&#20197;&#20294;&#27809;&#26377;&#20041;&#21153;&#23558;</FONT>A<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20102;&#35299;&#21040;&#30340;&#19981;&#22312;&#21478;&#19968;&#23478;&#20844;&#21496;&#65288;&ldquo;</FONT>B<FONT STYLE="font-family: Times New Roman, Times, Serif">&rdquo;&#65289;&#21306;&#22495;&#20869;&#30340;&#20219;&#20309;&#21830;&#19994;&#26426;&#20250;&#36890;&#30693;</FONT>B<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12290;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">Each
Company (&ldquo;A&rdquo;) shall notify the other Company (&ldquo;B&rdquo;) of any business opportunity that becomes known to A that is
in B&rsquo;s Area.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 2; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; margin: 0pt">COOPERATION AGREEMENT - <!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#27599;&#23478;&#20844;&#21496;&#65288;&ldquo;</FONT><FONT STYLE="font-size: 10pt">A<FONT STYLE="font-family: Times New Roman, Times, Serif">&rdquo;&#65289;&#24212;&#23558;</FONT>A<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20102;&#35299;&#21040;&#30340;&#22312;&#21478;&#19968;&#23478;&#20844;&#21496;&#65288;&ldquo;</FONT>B<FONT STYLE="font-family: Times New Roman, Times, Serif">&rdquo;&#65289;&#21306;&#22495;&#20869;&#30340;&#20219;&#20309;&#21830;&#19994;&#26426;&#20250;&#36890;&#30693;</FONT>B<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12290;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">Each
Company (&ldquo;A&rdquo;) shall notify the other Company (&ldquo;B&rdquo;) of any business opportunity that becomes known to A in that
A&rsquo;s Area and for which A is not reasonably able to fulfill the expression of interest or request for proposal from a potential
customer because of a lack of manufacturing capacity or due to price.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#27599;&#23478;&#20844;&#21496;&#65288;</FONT>&ldquo;A&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#24212;&#23558;</FONT>A<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20102;&#35299;&#21040;&#30340;&#65292;&#22240;&#20854;&#29983;&#20135;&#33021;&#21147;&#19981;&#36275;&#25110;&#20215;&#26684;&#32780;&#26080;&#27861;&#21512;&#29702;&#28385;&#36275;&#23458;&#25143;&#25152;&#34920;&#36798;&#24847;&#21521;&#25110;&#35831;&#27714;&#25253;&#20215;&#30340;&#22312;</FONT>A<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21306;&#22495;&#20869;&#30340;&#21830;&#19994;&#26426;&#20250;&#65292;&#36890;&#30693;&#21478;&#19968;&#23478;&#20844;&#21496;&#65288;</FONT>&ldquo;B&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">Each
Company (&ldquo;A&rdquo;) shall notify the other Company (&ldquo;B&rdquo;) if a customer expressly requests production from B or from
within B&rsquo;s Area.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#22914;&#26524;&#23458;&#25143;&#26126;&#30830;&#35201;&#27714;&#20174;&#21478;&#19968;&#23478;&#20844;&#21496;&#65288;&ldquo;</FONT><FONT STYLE="font-size: 10pt">B<FONT STYLE="font-family: Times New Roman, Times, Serif">&rdquo;&#65289;&#25110;&#22312;</FONT>B<FONT STYLE="font-family: Times New Roman, Times, Serif">&#30340;&#21306;&#22495;&#20869;&#29983;&#20135;&#65292;&#21017;&#27599;&#23478;&#20844;&#21496;&#65288;&ldquo;</FONT>A<FONT STYLE="font-family: Times New Roman, Times, Serif">&rdquo;&#65289;&#24212;&#36890;&#30693;</FONT>B<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12290;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">Any
notification required under this Section&nbsp;1 shall be made in writing and as promptly as reasonably possible upon the notifying Company&rsquo;s
knowledge of the necessity to provide notice to the other Company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#26412;&#21327;&#35758;&#31532;</FONT><FONT STYLE="font-size: 10pt">1<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#25152;&#35201;&#27714;&#30340;&#20219;&#20309;&#36890;&#30693;&#24212;&#20197;&#20070;&#38754;&#24418;&#24335;&#65292;&#24182;&#22312;&#36890;&#30693;&#26041;&#20844;&#21496;&#30693;&#36947;&#26377;&#24517;&#35201;&#21521;&#21478;&#19968;&#23478;&#20844;&#21496;&#21457;&#20986;&#36890;&#30693;&#21518;&#23613;&#24555;&#21512;&#29702;&#22320;&#21457;&#20986;&#12290;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">A
Company notified of a business opportunity or customer request may pursue such business opportunity or fulfill such customer request
in its sole discretion, and nothing in this Agreement obligates the Company receiving such notification to pursue such business opportunity
or fulfill such request or allows the Company providing the notification the right to pursue such business opportunity or fulfill such
request because the Company receiving such notification declined to pursue such business opportunity or fulfill such request.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-size: 10pt">&#25910;&#21040;&#21830;&#19994;&#26426;&#20250;&#25110;&#23458;&#25143;&#35201;&#27714;&#36890;&#30693;&#30340;&#20844;&#21496;&#21487;&#33258;&#34892;&#20915;&#23450;&#23547;&#27714;&#35813;&#21830;&#19994;&#26426;&#20250;&#25110;&#28385;&#36275;&#35813;&#23458;&#25143;&#35201;&#27714;&#65292;&#26412;&#21327;&#35758;&#20013;&#30340;&#20219;&#20309;&#26465;&#27454;&#22343;&#19981;&#35201;&#27714;&#25910;&#21040;&#36890;&#30693;&#30340;&#20844;&#21496;&#23547;&#27714;&#35813;&#21830;&#19994;&#26426;&#20250;&#25110;&#28385;&#36275;&#23458;&#25143;&#35831;&#27714;&#65292;&#20063;&#19981;&#20801;&#35768;&#25552;&#20379;&#36890;&#30693;&#30340;&#20844;&#21496;&#22240;&#25910;&#21040;&#36890;&#30693;&#30340;&#20844;&#21496;&#25298;&#32477;&#23547;&#27714;&#35813;&#21830;&#26426;&#25110;&#28385;&#36275;&#35813;&#35831;&#27714;&#32780;&#26377;&#26435;&#23547;&#27714;&#35813;&#21830;&#26426;&#25110;&#28385;&#36275;&#35813;&#35831;&#27714;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(g)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">A
Company shall not be obligated to notify the other Company of a business opportunity or customer request where the other Company would
be unable to pursue or complete such business opportunity or fulfill such customer request under the Law or where the notification or
other disclosure of such business opportunity or customer request would violate confidentiality restrictions binding upon, or known to,
the Company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-size: 10pt">&#22914;&#26524;&#26681;&#25454;&#27861;&#24459;&#65292;&#21478;&#19968;&#23478;&#20844;&#21496;&#26080;&#27861;&#23547;&#27714;&#25110;&#23454;&#29616;&#35813;&#21830;&#19994;&#26426;&#20250;&#25110;&#28385;&#36275;&#23458;&#25143;&#35201;&#27714;&#65292;&#25110;&#32773;&#36890;&#30693;&#25110;&#20197;&#20854;&#20182;&#26041;&#24335;&#25259;&#38706;&#35813;&#21830;&#19994;&#26426;&#20250;&#25110;&#23458;&#25143;&#35201;&#27714;&#23558;&#36829;&#21453;&#23545;&#20844;&#21496;&#26377;&#32422;&#26463;&#21147;&#30340;&#25110;&#35813;&#20844;&#21496;&#24050;&#30693;&#30340;&#20445;&#23494;&#38480;&#21046;&#65292;&#21017;&#35813;&#20844;&#21496;&#27809;&#26377;&#20041;&#21153;&#23558;&#35813;&#21830;&#19994;&#26426;&#20250;&#25110;&#23458;&#25143;&#35201;&#27714;&#36890;&#30693;&#21478;&#19968;&#23478;&#20844;&#21496;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 3; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; margin: 0pt">COOPERATION AGREEMENT - <!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(h)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">Neither
Company may conduct active marketing activities or actively seek business opportunities in the other Company&rsquo;s Area without the
approval of the other Company, but provided that this Section&nbsp;1(h)&nbsp;shall not prevent a Company from undertaking these activities
in furtherance of pursuing any order contemplated by Section&nbsp;7.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#26410;&#32463;&#21478;&#19968;&#23478;&#20844;&#21496;&#25209;&#20934;&#65292;&#20219;&#20309;&#19968;&#23478;&#20844;&#21496;&#22343;&#19981;&#24471;&#22312;&#21478;&#19968;&#23478;&#20844;&#21496;&#30340;&#21306;&#22495;&#20869;&#31215;&#26497;&#24320;&#23637;&#33829;&#38144;&#27963;&#21160;&#25110;&#31215;&#26497;&#23547;&#27714;&#21830;&#26426;&#65292;&#20294;&#26412;&#31532;</FONT><FONT STYLE="font-size: 10pt">1<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65288;</FONT>h<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#26465;&#19981;&#24212;&#22952;&#30861;&#20844;&#21496;&#20026;&#25512;&#36827;&#26412;&#21327;&#35758;&#31532;</FONT>7<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#25152;&#36848;&#30340;&#20219;&#20309;&#35746;&#21333;&#32780;&#24320;&#23637;&#36825;&#20123;&#27963;&#21160;&#12290;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">Each
Company shall continue to cooperate with the other Company with respect to any business opportunity in the other Company&rsquo;s Area
that is known to the Companies as of the Execution Date.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-size: 10pt">&#27599;&#23478;&#20844;&#21496;&#24212;&#32487;&#32493;&#19982;&#21478;&#19968;&#23478;&#20844;&#21496;&#23601;&#22312;&#31614;&#32626;&#26085;&#21478;&#19968;&#23478;&#20844;&#21496;&#21306;&#22495;&#20869;&#30340;&#20004;&#20844;&#21496;&#24050;&#30693;&#26195;&#30340;&#20219;&#20309;&#21830;&#19994;&#26426;&#20250;&#36827;&#34892;&#21512;&#20316;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&nbsp;2.
 &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt"><U>Electrolyte
and Equipment</U>. It is understood and agreed that the Parties recognize the following provisions with respect to VRB USA fulfilling
its requirements for electrolyte and Equipment (as defined below), and that these provisions shall only apply for a period of three (3)&nbsp;years
from the Execution Date:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>&#30005;&#35299;&#28082;&#21644;&#35774;&#22791;</U>&#12290;&#21508;&#26041;&#29702;&#35299;&#24182;&#21516;&#24847;&#65292;&#22312;</FONT><FONT STYLE="font-size: 10pt">VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#28385;&#36275;&#20854;&#23545;&#30005;&#35299;&#28082;&#21644;&#35774;&#22791;&#65288;&#23450;&#20041;&#35265;&#19979;&#25991;&#65289;&#30340;&#35201;&#27714;&#26041;&#38754;&#65292;&#21508;&#26041;&#35748;&#21487;&#20197;&#19979;&#26465;&#27454;&#65292;&#21069;&#36848;&#32422;&#23450;&#20165;&#36866;&#29992;&#20110;&#33258;&#31614;&#32626;&#26085;&#36215;&#19977;&#65288;</FONT>3<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#24180;&#20869;&#65306;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt"><U>Preferred
Supplier</U>. VRB USA shall use VRB China as its &ldquo;preferred supplier&rdquo;; meaning that VRB USA shall first seek to fulfill its
electrolyte and Equipment requirements by purchasing such electrolyte and Equipment from VRB China, and VRB China commits to use its
best efforts to fulfill such requirements. Notwithstanding the foregoing, such arrangement is subject to the following:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>&#20248;&#20808;&#20379;&#24212;&#21830;</U>&#12290;</FONT><FONT STYLE="font-size: 10pt">VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#24212;&#23558;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#20316;&#20026;&#20854;&ldquo;&#20248;&#20808;&#20379;&#24212;&#21830;&rdquo;&#65292;&#21363;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#24212;&#39318;&#20808;&#23547;&#27714;&#20174;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#36141;&#20080;&#30005;&#35299;&#28082;&#21644;&#35774;&#22791;&#65292;&#20197;&#28385;&#36275;&#20854;&#23545;&#30005;&#35299;&#28082;&#21644;&#35774;&#22791;&#30340;&#38656;&#27714;&#65292;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#25215;&#35834;&#23613;&#26368;&#22823;&#21162;&#21147;&#28385;&#36275;&#36825;&#20123;&#38656;&#27714;&#12290;&#23613;&#31649;&#22914;&#27492;&#65292;&#27492;&#23433;&#25490;&#39035;&#36981;&#23432;&#20197;&#19979;&#32422;&#23450;&#65306;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt"><U>Electrolyte:</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt"><U>&#30005;&#35299;&#28082;&#65306;</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">VRB
USA may fulfill its electrolyte requirements from its own manufacturing capacity;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 4; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; margin: 0pt">COOPERATION AGREEMENT - <!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify"><FONT STYLE="font-size: 10pt">VRB&#32654;&#22269;&#21487;&#21033;&#29992;&#33258;&#36523;&#30340;&#20135;&#33021;&#28385;&#36275;&#20854;&#30005;&#35299;&#28082;&#38656;&#27714;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;VRB
USA may fulfill its electrolyte requirements pursuant to any electrolyte partnering arrangement between VRB USA and a third-party electrolyte
producer or supplier that is not in the VRB China Areas;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">VRB&#32654;&#22269;&#21487;&#26681;&#25454;VRB&#32654;&#22269;&#19982;&#19981;&#22312;VRB&#20013;&#22269;&#21306;&#22495;&#30340;&#31532;&#19977;&#26041;&#30005;&#35299;&#28082;&#29983;&#20135;&#21830;&#25110;&#20379;&#24212;&#21830;&#20043;&#38388;&#30340;&#20219;&#20309;&#30005;&#35299;&#28082;&#21512;&#20316;&#23433;&#25490;&#26469;&#28385;&#36275;&#20854;&#30005;&#35299;&#28082;&#38656;&#27714;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">To
the extent VRB China is unable to fulfill VRB USA&rsquo;s electrolyte requirements from VRB China&rsquo;s own producing capacity, VRB
China may seek to fulfill such requirements by purchasing the electrolyte from a third-party in the VRB China Areas and selling the electrolyte
to VRB USA on a cost pass-through basis, and to the extent VRB China is still unable to fulfill such requirements, VRB USA may seek to
fulfill such requirements by purchasing the electrolyte from a third-party in China or elsewhere;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#22914;&#26524;</FONT><FONT STYLE="font-size: 10pt">VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#33258;&#36523;&#30340;&#20135;&#33021;&#26080;&#27861;&#28385;&#36275;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#30340;&#30005;&#35299;&#28082;&#38656;&#27714;&#65292;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#21487;&#21521;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#21306;&#22495;&#30340;&#31532;&#19977;&#26041;&#36141;&#20080;&#30005;&#35299;&#28082;&#65292;&#24182;&#20197;&#25104;&#26412;&#36716;&#23233;&#26041;&#24335;&#23558;&#30005;&#35299;&#28082;&#20986;&#21806;&#32473;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#65292;&#20197;&#28385;&#36275;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#30340;&#30005;&#35299;&#28082;&#38656;&#27714;&#65307;&#22914;&#26524;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#20173;&#26080;&#27861;&#28385;&#36275;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#30340;&#30005;&#35299;&#28082;&#38656;&#27714;&#65292;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#21487;&#33021;&#20250;&#20174;&#20013;&#22269;&#25110;&#20854;&#20182;&#22320;&#21306;&#30340;&#31532;&#19977;&#26041;&#36141;&#20080;&#30005;&#35299;&#28082;&#65292;&#20197;&#28385;&#36275;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#30340;&#30005;&#35299;&#28082;&#38656;&#27714;&#65307;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">VRB
USA shall not be obligated to purchase electrolyte from VRB China where it would be contrary to Law;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">VRB&#32654;&#22269;&#22312;&#23558;&#36829;&#21453;&#27861;&#24459;&#30340;&#24773;&#20917;&#19979;&#27809;&#26377;&#20041;&#21153;&#20174;</FONT><FONT STYLE="font-size: 10pt">VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#36141;&#20080;&#30005;&#35299;&#28082;&#65307;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">VRB
USA shall not be obligated to purchase electrolyte from VRB China where it is expressly prohibited by VRB USA&rsquo;s customer;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">VRB&#32654;&#22269;&#22312;&#20854;&#23458;&#25143;&#26126;&#30830;&#31105;&#27490;&#30340;&#24773;&#20917;&#19979;&#27809;&#26377;&#20041;&#21153;&#20174;</FONT><FONT STYLE="font-size: 10pt">VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#36141;&#20080;&#30005;&#35299;&#28082;&#65307;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(vi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">VRB
USA shall not be obligated to purchase electrolyte from VRB China where it would inhibit or adversely affect any government support,
tax credit, or other incentive available to VRB USA or a VRB USA customer; and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#22914;&#26524;&#20174;</FONT><FONT STYLE="font-size: 10pt">VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#36141;&#20080;&#30005;&#35299;&#28082;&#20250;&#25233;&#21046;&#25110;&#19981;&#21033;&#20110;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#25110;&#20854;&#23458;&#25143;&#21487;&#33719;&#24471;&#30340;&#20219;&#20309;&#25919;&#24220;&#25903;&#25345;&#12289;&#31246;&#25910;&#20943;&#20813;&#25110;&#20854;&#20182;&#28608;&#21169;&#25514;&#26045;&#65292;&#21017;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#27809;&#26377;&#20041;&#21153;&#20174;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#36141;&#20080;&#30005;&#35299;&#28082;&#65307;&#20197;&#21450;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(vii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">VRB
USA shall not be obligated to purchase electrolyte from VRB China where any other supplier of electrolyte can provide better commercial
terms than those offered by VRB China after factoring in relevant duties, taxes, and fees for delivery of the electrolyte to the jurisdiction
of VRB USA&rsquo;s customer, provided that VRB USA shall notify VRB China of such comparison and provide proof and documents supporting
such analysis;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; margin: 0pt">COOPERATION AGREEMENT - <!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#22914;&#26524;&#20219;&#20309;&#20854;&#20182;&#30005;&#35299;&#28082;&#20379;&#24212;&#21830;&#22312;&#35745;&#20837;&#30456;&#20851;&#20851;&#31246;&#12289;&#31246;&#36153;&#20197;&#21450;&#23558;&#30005;&#35299;&#28082;&#20132;&#20184;&#33267;</FONT><FONT STYLE="font-size: 10pt">VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#23458;&#25143;&#25152;&#22312;&#31649;&#36758;&#21306;&#22495;&#30340;&#36153;&#29992;&#21518;&#65292;&#33021;&#22815;&#25552;&#20379;&#27604;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#26356;&#22909;&#30340;&#21830;&#19994;&#26465;&#27454;&#65292;&#21017;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#27809;&#26377;&#20041;&#21153;&#20174;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#36141;&#20080;&#30005;&#35299;&#28082;&#65292;&#26465;&#20214;&#26159;</FONT>VRB
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#24212;&#23558;&#27492;&#31867;&#23545;&#27604;&#36890;&#30693;
</FONT>VRB <FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#65292;&#24182;&#25552;&#20379;&#25903;&#25345;&#27492;&#31867;&#20998;&#26512;&#30340;&#35777;&#26126;&#21644;&#25991;&#20214;&#65307;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Equipment
</U></FONT><FONT STYLE="font-size: 10pt">(defined to include only the following: VRB battery systems, manufacturing equipment, cell stacks,
and DC modules):</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>&#35774;&#22791;</U>&#65288;&#20165;&#21253;&#25324;</FONT><FONT STYLE="font-size: 10pt">VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#30005;&#27744;&#31995;&#32479;&#12289;&#21046;&#36896;&#35774;&#22791;&#12289;&#30005;&#27744;&#22534;&#21644;&#30452;&#27969;&#27169;&#22359;&#65289;&#65306;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">VRB
USA may fulfill its Equipment requirements from its own manufacturing capacity;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify"><FONT STYLE="font-size: 10pt">VRB&#32654;&#22269;&#21487;&#21033;&#29992;&#33258;&#36523;&#30340;&#20135;&#33021;&#28385;&#36275;&#20854;&#35774;&#22791;&#38656;&#27714;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">VRB
USA may fulfill its Equipment requirements from purchases directly from third-party vendors that are not in the VRB China Areas; and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: 0in">VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#21487;&#30452;&#25509;&#20174;&#19981;&#22312;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#21306;&#22495;&#30340;&#31532;&#19977;&#26041;&#20379;&#24212;&#21830;&#37319;&#36141;&#35774;&#22791;&#65292;&#20197;&#28385;&#36275;&#20854;&#35774;&#22791;&#38656;&#27714;&#65307;&#20197;&#21450;&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">VRB
USA shall not be obligated to purchase Equipment from VRB China where any other supplier of Equipment can provide better commercial terms
than those offered by VRB China after factoring in relevant duties, taxes, and fees for delivery of the Equipment VRB USA or its customer,
provided that VRB USA shall notify VRB China of such comparison and provide proof and documents supporting such analysis.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#22312;&#35745;&#20837;&#30456;&#20851;&#20851;&#31246;&#12289;&#31246;&#36153;&#20197;&#21450;</FONT><FONT STYLE="font-size: 10pt">VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#25110;&#20854;&#23458;&#25143;&#20132;&#20184;&#35774;&#22791;&#30340;&#36153;&#29992;&#21518;&#65292;&#22914;&#26524;&#20219;&#20309;&#20854;&#20182;&#35774;&#22791;&#20379;&#24212;&#21830;&#33021;&#22815;&#25552;&#20379;&#27604;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#25552;&#20379;&#30340;&#26356;&#22909;&#30340;&#21830;&#19994;&#26465;&#27454;&#65292;&#21017;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#27809;&#26377;&#20041;&#21153;&#20174;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#36141;&#20080;&#35774;&#22791;&#65292;&#26465;&#20214;&#26159;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#24212;&#23558;&#27492;&#31867;&#23545;&#27604;&#36890;&#30693;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#65292;&#24182;&#25552;&#20379;&#25903;&#25345;&#27492;&#31867;&#20998;&#26512;&#30340;&#35777;&#26126;&#21644;&#25991;&#20214;&#12290;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt"><U>Pricing</U>.
The electrolyte and Equipment supplied by VRB China to VRB USA pursuant to these provisions shall be at the then-current market price
made available by VRB China to its customers, subject to a friendship discount to be reasonably and mutually agreed upon by the Companies
in each particular instance.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>&#23450;&#20215;</U>&#12290;</FONT><FONT STYLE="font-size: 10pt">VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#26681;&#25454;&#26412;&#21327;&#35758;&#26465;&#27454;&#21521;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#25552;&#20379;&#30340;&#30005;&#35299;&#28082;&#21644;&#35774;&#22791;&#24212;&#25353;&#29031;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#21521;&#20854;&#23458;&#25143;&#25552;&#20379;&#30340;&#24403;&#26102;&#30340;&#24066;&#22330;&#20215;&#26684;&#65292;&#20294;&#21487;&#20139;&#21463;&#20004;&#20844;&#21496;&#22312;&#21508;&#20010;&#20855;&#20307;&#24773;&#24418;&#19979;&#21512;&#29702;&#21830;&#23450;&#30340;&#21451;&#22909;&#25240;&#25187;&#12290;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; margin: 0pt">COOPERATION AGREEMENT - <!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&nbsp;3.
 &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt"><U>Interim Technical Assistance</U>. It
is understood and agreed that the Parties recognize the following provisions with respect to the provision of technical assistance from
VRB China to VRB USA for establishing VRB USA&rsquo;s VRB battery manufacturing capacity in the U.S.:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>&#20020;&#26102;&#25216;&#26415;&#25588;&#21161;</U>&#12290;&#21508;&#26041;&#29702;&#35299;&#24182;&#21516;&#24847;&#65292;&#22312;</FONT><FONT STYLE="font-size: 10pt">VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#21521;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#25552;&#20379;&#25216;&#26415;&#25588;&#21161;&#20197;&#22312;&#32654;&#22269;&#24314;&#31435;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#30340;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#30005;&#27744;&#20135;&#33021;&#26041;&#38754;&#65292;&#21508;&#26041;&#35748;&#21487;&#20197;&#19979;&#26465;&#27454;&#65306;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">From
the Execution Date until December&nbsp;31, 2025, VRB China shall provide the following technical assistance services to VRB USA at no
cost (provided, that, VRB USA shall be responsible for any reasonable out-of-pocket expenses, such as airfare, accommodation, and visa
costs):</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#33258;&#21327;&#35758;&#31614;&#32626;&#26085;&#36215;&#33267;</FONT><FONT STYLE="font-size: 10pt">2025<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;</FONT>12<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26376;</FONT>31<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26085;&#65292;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#24212;&#20813;&#36153;&#21521;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#25552;&#20379;&#20197;&#19979;&#25216;&#26415;&#25588;&#21161;&#26381;&#21153;&#65288;&#20294;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#24212;&#36127;&#36131;&#20219;&#20309;&#21512;&#29702;&#30340;&#23454;&#20184;&#36153;&#29992;&#65292;&#22914;&#26426;&#31080;&#12289;&#20303;&#23487;&#21644;&#31614;&#35777;&#36153;&#29992;&#65289;&#65306;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">support
periodic tours of VRB China VRB-ESS manufacturing facilities in Tongzhou, Huaihua, and Changzhi, including battery assembly, electrolyte
production and research and development facilities;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#25903;&#25345;</FONT><FONT STYLE="font-size: 10pt">VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#23450;&#26399;&#21442;&#35266;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#20301;&#20110;&#36890;&#24030;&#12289;&#24576;&#21270;&#21644;&#38271;&#27835;&#30340;</FONT>VRB-ESS<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21046;&#36896;&#35774;&#26045;&#65292;&#21253;&#25324;&#30005;&#27744;&#32452;&#35013;&#12289;&#30005;&#35299;&#28082;&#29983;&#20135;&#21644;&#30740;&#21457;&#35774;&#26045;&#65307;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">provide
expertise in the calibration and operation of specialized manufacturing equipment, including procurement and implementation of any manufacturing
automation equipment or systems;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify"><FONT STYLE="font-size: 10pt">&#25552;&#20379;&#19987;&#19994;&#21046;&#36896;&#35774;&#22791;&#26657;&#20934;&#21644;&#25805;&#20316;&#26041;&#38754;&#30340;&#19987;&#19994;&#30693;&#35782;&#65292;&#21253;&#25324;&#37319;&#36141;&#21644;&#23454;&#26045;&#20219;&#20309;&#21046;&#36896;&#33258;&#21160;&#21270;&#35774;&#22791;&#25110;&#31995;&#32479;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">train,
both in China and the U.S., VRB USA&rsquo;s workforce, on the operation and maintenance of specialized equipment (but only to the extent
of time commitments further set out in this Section&nbsp;3(a));</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#22312;&#20013;&#22269;&#21644;&#32654;&#22269;&#23545;</FONT><FONT STYLE="font-size: 10pt">VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#30340;&#21592;&#24037;&#36827;&#34892;&#19987;&#19994;&#35774;&#22791;&#25805;&#20316;&#21644;&#32500;&#25252;&#26041;&#38754;&#30340;&#22521;&#35757;&#65288;&#20294;&#20165;&#38480;&#20110;&#26412;&#31532;</FONT>3<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65288;</FONT>a<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#26465;&#32422;&#23450;&#30340;&#26102;&#38388;&#25215;&#35834;&#33539;&#22260;&#20869;&#65289;&#65307;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">share
guidelines and feedback for optimizing production efficiency, reducing costs, and minimizing waste;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify"><FONT STYLE="font-size: 10pt">&#20998;&#20139;&#20248;&#21270;&#29983;&#20135;&#25928;&#29575;&#12289;&#38477;&#20302;&#25104;&#26412;&#21644;&#20943;&#23569;&#28010;&#36153;&#30340;&#25351;&#21335;&#21644;&#21453;&#39304;&#24847;&#35265;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(v)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">provide
VRB USA electronic and physical copies of all engineering, research and development, manufacturing, and testing documentation related
to VRB-ESS design, production, operation and maintenance and performance results, for the Gen3 components and systems as well as future
iterations of VRB-ESS developed only prior to December&nbsp;31, 2025, and where documentation is not available, VRB China will respond
to VRB USA&rsquo;s inquiries in a timely manner (meaning within no more than 5 working days);</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 7; Value: 1 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#20026;</FONT><FONT STYLE="font-size: 10pt">Gen3<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32452;&#20214;&#21644;&#31995;&#32479;&#21450;&#20165;&#22312;</FONT>2025<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;</FONT>12<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26376;</FONT>31<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26085;&#20043;&#21069;&#24320;&#21457;&#30340;</FONT>VRB-ESS<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26410;&#26469;&#36845;&#20195;&#25552;&#20379;&#19982;</FONT>VRB-ESS<FONT STYLE="font-family: Times New Roman, Times, Serif">&#35774;&#35745;&#12289;&#29983;&#20135;&#12289;&#25805;&#20316;&#21644;&#32500;&#25252;&#20197;&#21450;&#24615;&#33021;&#32467;&#26524;&#30456;&#20851;&#30340;&#25152;&#26377;&#24037;&#31243;&#12289;&#30740;&#21457;&#12289;&#21046;&#36896;&#21644;&#27979;&#35797;&#25991;&#20214;&#30340;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#30005;&#23376;&#21644;&#29289;&#29702;&#21103;&#26412;&#12290;&#22914;&#26524;&#25991;&#20214;&#19981;&#21487;&#29992;&#65292;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#23558;&#21450;&#26102;&#22238;&#24212;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#30340;&#35810;&#38382;&#65288;&#19981;&#36229;&#36807;</FONT>5<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20010;&#24037;&#20316;&#26085;&#65289;&#65307;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(vi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">provide
detailed workflow processes and procedures for quality control, from raw material inspection and handling to final assembly and testing;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify"><FONT STYLE="font-size: 10pt">&#25552;&#20379;&#35814;&#32454;&#30340;&#36136;&#37327;&#25511;&#21046;&#24037;&#20316;&#27969;&#31243;&#21644;&#31243;&#24207;&#65292;&#20174;&#21407;&#26448;&#26009;&#26816;&#26597;&#21644;&#22788;&#29702;&#21040;&#26368;&#32456;&#32452;&#35013;&#21644;&#27979;&#35797;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(vii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">share
information on key suppliers for vanadium electrolyte, cell stack materials and other essential components, including detailed specifications;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify"><FONT STYLE="font-size: 10pt">&#20998;&#20139;&#38034;&#30005;&#35299;&#28082;&#12289;&#30005;&#27744;&#22534;&#26448;&#26009;&#21644;&#20854;&#20182;&#20851;&#38190;&#37096;&#20214;&#65288;&#21253;&#25324;&#35814;&#32454;&#35268;&#26684;&#65289;&#20027;&#35201;&#20379;&#24212;&#21830;&#30340;&#20449;&#24687;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(viii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">assist
in establishing relationships with reliable and cost-effective suppliers for parts in China that cannot be sourced technically and economically
from within VRB USA&rsquo;s jurisdictions;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#21327;&#21161;&#19982;&#21487;&#38752;&#30340;&#12289;&#20855;&#26377;&#25104;&#26412;&#25928;&#30410;&#12289;&#20174;&#25216;&#26415;&#21450;&#32463;&#27982;&#19978;&#22312;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#31649;&#36758;&#21306;&#22495;&#20869;&#26080;&#27861;&#33719;&#24471;&#30340;&#38646;&#37096;&#20214;&#30340;&#20013;&#22269;&#20379;&#24212;&#21830;&#24314;&#31435;&#20851;&#31995;&#65307;&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ix)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">support
VRB USA in achieving certifications and seeking compliance with international and U.S. safety and environmental regulations, e.g. assistance
in certifying VRB-ESS products to UL1973 and UL9540 standards;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#25903;&#25345;</FONT><FONT STYLE="font-size: 10pt">VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#33719;&#24471;&#35748;&#35777;&#65292;&#24182;&#23547;&#27714;&#31526;&#21512;&#22269;&#38469;&#21644;&#32654;&#22269;&#30340;&#23433;&#20840;&#21644;&#29615;&#22659;&#27861;&#35268;&#65292;&#22914;&#21327;&#21161;&#35748;&#35777;</FONT>VRB-ESS<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20135;&#21697;&#31526;&#21512;</FONT>UL1973<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21644;</FONT>UL9540<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26631;&#20934;&#65307;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(x)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">provide
sales engineering support for technical inquiries from VRB USA potential customers, including technical support for customer-requested
modifications to VRB-ESS system designs;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#20026;</FONT><FONT STYLE="font-size: 10pt">VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#28508;&#22312;&#23458;&#25143;&#30340;&#25216;&#26415;&#21672;&#35810;&#25552;&#20379;&#38144;&#21806;&#24037;&#31243;&#25903;&#25345;&#65292;&#21253;&#25324;&#20026;&#23458;&#25143;&#35201;&#27714;&#30340;</FONT>VRB-ESS<FONT STYLE="font-family: Times New Roman, Times, Serif">&#31995;&#32479;&#35774;&#35745;&#20462;&#25913;&#25552;&#20379;&#25216;&#26415;&#25903;&#25345;&#65307;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 8; Value: 1 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xi)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">make
the employees of VRB China then serving in the following or equivalent positions (if the following positions do not exist), and any other
employees who are necessary for the provision of the technical assistance referenced herein, available for a Teams videoconference with
VRB USA employees once per week (not to exceed 2 hours per week total); e.g. Director of International Projects; Director of R&amp;D;
Director of Product Development; Director of Quality; Director of Supply Chain; and Director of IT;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#35753;</FONT><FONT STYLE="font-size: 10pt">VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#23626;&#26102;&#25285;&#20219;&#20197;&#19979;&#25110;&#21516;&#31561;&#32844;&#20301;&#30340;&#21592;&#24037;&#65288;&#22914;&#26524;&#19981;&#23384;&#22312;&#20197;&#19979;&#32844;&#20301;&#65289;&#20197;&#21450;&#19982;&#25552;&#20379;&#26412;&#21327;&#35758;&#25152;&#36848;&#25216;&#26415;&#25588;&#21161;&#25152;&#38656;&#30340;&#20219;&#20309;&#20854;&#20182;&#21592;&#24037;&#27599;&#21608;&#19982;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#21592;&#24037;&#36827;&#34892;&#19968;&#27425;</FONT>Teams<FONT STYLE="font-family: Times New Roman, Times, Serif">&#35270;&#39057;&#20250;&#35758;&#65288;&#27599;&#21608;&#20849;&#35745;&#19981;&#36229;&#36807;</FONT>2<FONT STYLE="font-family: Times New Roman, Times, Serif">&#23567;&#26102;&#65289;&#20363;&#22914;&#22269;&#38469;&#39033;&#30446;&#24635;&#30417;&#12289;&#30740;&#21457;&#24635;&#30417;&#12289;&#20135;&#21697;&#24320;&#21457;&#24635;&#30417;&#12289;&#36136;&#37327;&#24635;&#30417;&#12289;&#20379;&#24212;&#38142;&#24635;&#30417;&#21644;</FONT>IT<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24635;&#30417;&#65307;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">only
during 2025 and on not less than 2 weeks prior notice, make up to 4 employees of VRB China then serving in the following or equivalent
positions (if the following positions do not exist) available to travel to the U.S. to meet with VRB USA employees for no more than a
total of 2 weeks each (for a total of 8 weeks and with no more than one employee traveling to the U.S. at a time); e.g. Director of International
Projects; Director of R&amp;D: Director of Product Development; Director of Quality; and Director of Project Fulfillment;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#20165;&#22312;</FONT><FONT STYLE="font-size: 10pt">2025<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;&#26399;&#38388;&#19988;&#22312;&#25552;&#21069;&#33267;&#23569;</FONT>2<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21608;&#36890;&#30693;&#30340;&#24773;&#20917;&#19979;&#65292;&#20351;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#20844;&#21496;&#20174;&#20107;&#20197;&#19979;&#32844;&#20301;&#25110;&#21516;&#31561;&#32844;&#20301;&#65288;&#22914;&#26524;&#19981;&#23384;&#22312;&#20197;&#19979;&#32844;&#20301;&#65289;&#30340;&#26368;&#22810;</FONT>4<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21517;&#21592;&#24037;&#21487;&#20197;&#21069;&#24448;&#32654;&#22269;&#19982;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#20844;&#21496;&#30340;&#21592;&#24037;&#20250;&#38754;&#65292;&#27599;&#27425;&#20250;&#38754;&#26102;&#38388;&#19981;&#36229;&#36807;</FONT>2<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21608;&#65288;&#24635;&#20849;</FONT>8<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21608;&#65292;&#19968;&#27425;&#26368;&#22810;&#21482;&#33021;&#26377;&#19968;&#21517;&#21592;&#24037;&#21069;&#24448;&#32654;&#22269;&#65289;&#65307;&#20363;&#22914;&#22269;&#38469;&#39033;&#30446;&#24635;&#30417;&#65307;&#30740;&#21457;&#24635;&#30417;&#65306;&#20135;&#21697;&#24320;&#21457;&#24635;&#30417;&#65307;&#36136;&#37327;&#24635;&#30417;&#65307;&#39033;&#30446;&#25191;&#34892;&#24635;&#30417;&#65307;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xiii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">provide
no longer than one week of VRB-ESS system commissioning, operations and maintenance training by two VRB China technical personnel to
VRB USA employees in Arizona after commissioning of the two Pod100 units purchased by Ivanhoe Electric; and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#22312;</FONT><FONT STYLE="font-size: 10pt">Ivanhoe
Electric<FONT STYLE="font-family: Times New Roman, Times, Serif">&#36141;&#20080;&#30340;&#20004;&#32452;</FONT>Pod100<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32452;&#20214;&#25237;&#20837;&#35843;&#35797;&#21518;&#65292;&#30001;&#20004;&#21517;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#25216;&#26415;&#20154;&#21592;&#21521;&#20122;&#21033;&#26705;&#37027;&#24030;&#30340;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#21592;&#24037;&#25552;&#20379;&#19981;&#36229;&#36807;&#19968;&#21608;&#30340;</FONT>VRB-ESS<FONT STYLE="font-family: Times New Roman, Times, Serif">&#31995;&#32479;&#35843;&#35797;&#12289;&#25805;&#20316;&#21644;&#32500;&#25252;&#22521;&#35757;&#65307;&#21644;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xiv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">provide
remote monitoring support for operation of VRB-ESS units in the manufacturing and test process through factory acceptance testing of
the first two production units by VRB USA.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#22312;</FONT><FONT STYLE="font-size: 10pt">VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#23545;&#21069;&#20004;&#21488;&#29983;&#20135;&#32452;&#20214;&#36827;&#34892;&#24037;&#21378;&#39564;&#25910;&#27979;&#35797;&#36807;&#31243;&#20013;&#20026;</FONT>VRB-ESS<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32452;&#20214;&#22312;&#21046;&#36896;&#21644;&#27979;&#35797;&#36807;&#31243;&#20013;&#30340;&#25805;&#20316;&#25552;&#20379;&#36828;&#31243;&#30417;&#25511;&#25903;&#25345;&#12290;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">From the Execution Date until December 31, 2025,
each of VRB China and VRB USA shall share with the other any possible items for improvements to the technology being discussed pursuant
to the above provisions in this Section 3(a), and shall promptly provide feedback and assistance to achieve such technology improvements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#33258;&#31614;&#32626;&#26085;&#36215;&#33267;
</FONT>2025 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;</FONT> 12 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26376;
</FONT>31 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26085;&#65292;</FONT>VRB <FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#21644;
</FONT>VRB <FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#22343;&#24212;&#19982;&#23545;&#26041;&#20998;&#20139;&#26681;&#25454;&#19978;&#36848;&#31532;
</FONT>3<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65288;</FONT>a<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#26465;&#30340;&#35268;&#23450;&#25152;&#35752;&#35770;&#30340;&#20219;&#20309;&#21487;&#33021;&#30340;&#25216;&#26415;&#25913;&#36827;&#20107;&#39033;&#65292;&#24182;&#24212;&#21450;&#26102;&#25552;&#20379;&#21453;&#39304;&#21644;&#21327;&#21161;&#20197;&#23454;&#29616;&#27492;&#31867;&#25216;&#26415;&#25913;&#36827;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">Any
additional technical assistance services not contemplated above that VRB China agrees to provide VRB USA at VRB USA&rsquo;s request at
any time prior to December&nbsp;31, 2025 shall be provided by VRB China at-cost, meaning that the recipient shall reimburse the provider
for the provider&rsquo;s actual cost to provide the technical assistance services (which includes employee salary cost for the time they
are providing the services) and reimbursement of any out-of-pocket expenses (such as airfare, accommodation, and visa costs).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; margin: 0pt">COOPERATION AGREEMENT - <!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt"></P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">VRB&#20013;&#22269;&#21516;&#24847;&#24212;</FONT><FONT STYLE="font-size: 10pt">VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#20110;</FONT>2025<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;</FONT>12<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26376;</FONT>31<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26085;&#21069;&#20219;&#20309;&#26102;&#38388;&#25552;&#20986;&#30340;&#35201;&#27714;&#21521;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#25552;&#20379;&#30340;&#20219;&#20309;&#19978;&#36848;&#26410;&#32422;&#23450;&#30340;&#39069;&#22806;&#25216;&#26415;&#25588;&#21161;&#26381;&#21153;&#24212;&#30001;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#25353;&#25104;&#26412;&#25552;&#20379;&#65292;&#36825;&#24847;&#21619;&#30528;&#25509;&#21463;&#26041;&#24212;&#25903;&#20184;&#25552;&#20379;&#26041;&#25552;&#20379;&#25216;&#26415;&#25588;&#21161;&#26381;&#21153;&#30340;&#23454;&#38469;&#25104;&#26412;&#65288;&#21253;&#25324;&#25552;&#20379;&#26381;&#21153;&#26399;&#38388;&#30340;&#21592;&#24037;&#24037;&#36164;&#25104;&#26412;&#65289;&#20197;&#21450;&#20219;&#20309;&#23454;&#20184;&#36153;&#29992;&#65288;&#22914;&#26426;&#31080;&#12289;&#20303;&#23487;&#21644;&#31614;&#35777;&#36153;&#29992;&#65289;&#12290;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&nbsp;4.
 &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt"><U>Trademarks
and Marketing Materials</U>. It is understood and agreed that the Parties recognize the following provisions with respect to use of VRB-related
trademarks and marketing materials, and that these provisions shall only apply for a period of three (3)&nbsp;years from the Execution
Date:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>&#21830;&#26631;&#21644;&#33829;&#38144;&#26448;&#26009;</U></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#12290;&#21508;&#26041;&#29702;&#35299;&#24182;&#21516;&#24847;&#65292;&#22312;&#20351;&#29992;&#19982;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#30456;&#20851;&#30340;&#21830;&#26631;&#21644;&#33829;&#38144;&#26448;&#26009;&#26041;&#38754;&#65292;&#21508;&#26041;&#35748;&#21487;&#20197;&#19979;&#26465;&#27454;&#65292;&#19979;&#36848;&#32422;&#23450;&#20165;&#36866;&#29992;&#20110;&#33258;&#31614;&#32626;&#26085;&#36215;&#19977;&#65288;</FONT>3<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#24180;&#20869;&#65306;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">Each
Company may use in its discretion any of the trademarks held by it in its Area as of the date hereof (or after giving effect to the IP
Reorganization (as defined below)), (collectively, the &ldquo;<B>Existing Marks</B>&rdquo;), subject to the limitations in Section&nbsp;4(c)&nbsp;regarding
press releases.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#27599;&#23478;&#20844;&#21496;&#21487;&#33258;&#34892;&#20915;&#23450;&#20351;&#29992;&#25130;&#33267;&#26412;&#21327;&#35758;&#31614;&#35746;&#20043;&#26085;&#65288;&#25110;&#30693;&#35782;&#20135;&#26435;&#37325;&#32452;&#29983;&#25928;&#21518;&#65288;&#23450;&#20041;&#35265;&#19979;&#25991;&#65289;&#65289;&#22312;&#20854;&#21306;&#22495;&#20869;&#25345;&#26377;&#30340;&#20219;&#20309;&#21830;&#26631;&#65288;&#32479;&#31216;&#20026;&ldquo;<B>&#29616;&#26377;&#26631;&#24535;</B>&rdquo;&#65289;&#65292;&#20294;&#39035;&#36981;&#23432;&#31532;</FONT><FONT STYLE="font-size: 10pt">4<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65288;</FONT>c<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#26465;&#20851;&#20110;&#26032;&#38395;&#31295;&#30340;&#38480;&#21046;&#12290;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">Any
marketing materials prepared by either Company that incorporate any of the Existing Marks shall be provided to the other Company and
made available for the other Company&rsquo;s use in their own marketing materials.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-size: 10pt">&#20219;&#20309;&#19968;&#23478;&#20844;&#21496;&#21046;&#22791;&#30340;&#21253;&#21547;&#20219;&#20309;&#29616;&#26377;&#26631;&#24535;&#30340;&#20219;&#20309;&#33829;&#38144;&#26448;&#26009;&#22343;&#24212;&#25552;&#20379;&#32473;&#21478;&#19968;&#23478;&#20844;&#21496;&#65292;&#24182;&#20379;&#21478;&#19968;&#23478;&#20844;&#21496;&#22312;&#33258;&#24049;&#30340;&#33829;&#38144;&#26448;&#26009;&#20013;&#20351;&#29992;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">Neither
Company shall make any material public announcements or statements in respect of the battery business of VRB China or VRB USA, or both,
in each case using any VRB-related trademarks, without the prior written consent of the other Company (which consent shall not be unreasonably
withheld, conditioned or delayed), and the Companies shall cooperate as to the timing and contents of any such material public announcements
or statements. Notwithstanding the foregoing, nothing contained in this Agreement shall prevent any Party, after notification to the
other Parties to the extent legally permissible, from making any announcement or publication required by Law or from making any filings
with Governmental Authorities that, based on advice of legal counsel, may be required, in each case without the consent of the other
Company. &ldquo;Material public announcements&rdquo; do not include any ordinary course trade industry disclosures, product or project
promotions, or similar matters directed to potential or existing customers, or the energy storage industry generally.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#26410;&#32463;&#21478;&#19968;&#23478;&#20844;&#21496;&#20107;&#20808;&#20070;&#38754;&#21516;&#24847;&#65288;&#35813;&#21516;&#24847;&#19981;&#24471;&#26080;&#29702;&#25298;&#32477;&#12289;&#38468;&#21152;&#26465;&#20214;&#25110;&#24310;&#36831;&#65289;&#65292;&#20219;&#20309;&#20844;&#21496;&#22343;&#19981;&#24471;&#20351;&#29992;&#20219;&#20309;&#19982;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif"><U>&#30456;&#20851;&#30340;&#21830;&#26631;&#36827;&#34892;&#20219;&#20309;&#20851;&#20110;</U></FONT><U>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#25110;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#25110;&#21452;&#26041;&#30340;&#30005;&#27744;&#19994;&#21153;&#30340;&#37325;&#22823;&#20844;&#21578;&#25110;&#22768;&#26126;</FONT></U><FONT STYLE="font-family: Times New Roman, Times, Serif">&#65292;&#19988;&#20004;&#20844;&#21496;&#24212;&#23601;&#20219;&#20309;&#27492;&#31867;&#37325;&#22823;&#20844;&#21578;&#25110;&#22768;&#26126;&#30340;&#26102;&#38388;&#21644;&#20869;&#23481;&#36827;&#34892;&#21512;&#20316;&#12290;&#23613;&#31649;&#22914;&#27492;&#65292;&#26412;&#21327;&#35758;&#30340;&#20219;&#20309;&#26465;&#27454;&#22343;&#19981;&#22952;&#30861;&#20219;&#20309;&#19968;&#26041;&#22312;&#27861;&#24459;&#20801;&#35768;&#30340;&#33539;&#22260;&#20869;&#36890;&#30693;&#20854;&#20182;&#21508;&#26041;&#21518;&#65292;&#22312;&#26410;&#32463;&#21478;&#19968;&#23478;&#20844;&#21496;&#21516;&#24847;&#30340;&#24773;&#20917;&#19979;&#65292;&#21457;&#24067;&#27861;&#24459;&#35201;&#27714;&#30340;&#20219;&#20309;&#20844;&#21578;&#25110;&#20986;&#29256;&#29289;&#65292;&#25110;&#26681;&#25454;&#27861;&#24459;&#39038;&#38382;&#30340;&#24314;&#35758;&#21521;&#25919;&#24220;&#37096;&#38376;&#25552;&#20132;&#21487;&#33021;&#38656;&#35201;&#30340;&#20219;&#20309;&#25991;&#20214;&#12290;</FONT>&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#37325;&#22823;&#20844;&#21578;</FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#19981;&#21253;&#25324;&#38024;&#23545;&#28508;&#22312;&#25110;&#29616;&#26377;&#23458;&#25143;&#30340;&#20219;&#20309;&#24120;&#35268;&#36152;&#26131;&#34892;&#19994;&#25259;&#38706;&#12289;&#20135;&#21697;&#25110;&#39033;&#30446;&#25512;&#24191;&#25110;&#31867;&#20284;&#20107;&#39033;&#65292;&#25110;&#32773;&#19968;&#33324;&#20648;&#33021;&#34892;&#19994;&#30340;&#20107;&#39033;&#12290;&nbsp;</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">Neither
Company may use or file for any new trademarks that incorporate the &ldquo;VRB&rdquo; brand or any aspects of any of the word marks or
design marks included in any of the Existing Marks without the prior approval of the other Company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#26410;&#32463;&#21478;&#19968;&#23478;&#20844;&#21496;&#20107;&#20808;&#25209;&#20934;&#65292;&#20004;&#23478;&#20844;&#21496;&#22343;&#19981;&#24471;&#20351;&#29992;&#25110;&#30003;&#35831;&#20219;&#20309;&#21253;&#21547;&ldquo;</FONT><FONT STYLE="font-size: 10pt">VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&rdquo;&#21697;&#29260;&#25110;&#29616;&#26377;&#26631;&#24535;&#20013;&#20219;&#20309;&#25991;&#23383;&#26631;&#24535;&#25110;&#35774;&#35745;&#26631;&#24535;&#30340;&#20219;&#20309;&#26041;&#38754;&#30340;&#20219;&#20309;&#26032;&#21830;&#26631;&#12290;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">Each
Company may create and use in its discretion any trademarks that do not incorporate the &ldquo;VRB&rdquo; brand or any aspects of any
of the word marks or design marks included in any of the Existing Marks.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#27599;&#23478;&#20844;&#21496;&#21487;&#33258;&#34892;&#20915;&#23450;&#21019;&#24314;&#21644;&#20351;&#29992;&#19981;&#21253;&#21547;&ldquo;</FONT><FONT STYLE="font-size: 10pt">VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&rdquo;&#21697;&#29260;&#25110;&#29616;&#26377;&#26631;&#24535;&#20013;&#20219;&#20309;&#25991;&#23383;&#26631;&#24535;&#25110;&#35774;&#35745;&#26631;&#24535;&#30340;&#20219;&#20309;&#26041;&#38754;&#30340;&#20219;&#20309;&#21830;&#26631;&#12290;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">Neither
Company shall file for any new trademarks outside of its Area except solely for the purpose of protecting against counterfeit uses of
such trademarks by third-parties.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-size: 10pt">&#20004;&#23478;&#20844;&#21496;&#22343;&#19981;&#24471;&#22312;&#20854;&#21306;&#22495;&#22806;&#30003;&#35831;&#20219;&#20309;&#26032;&#21830;&#26631;&#65292;&#38500;&#38750;&#20165;&#20165;&#26159;&#20026;&#20102;&#38450;&#27490;&#31532;&#19977;&#26041;&#20223;&#20882;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&nbsp;5.
 &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt"><U>IP
Reorganization</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">It
is understood and agreed that the Parties recognize the following provisions with respect to the reorganization of the registered Intellectual
Property held by VRB China and VRB Cayman/VRB USA as contemplated in the Term Sheet entered into by CES and VRB Cayman on September&nbsp;23,
2024 and as described in the representations and warranties made by VRB China and VRB Cayman to CES in the Purchase Agreement (the &ldquo;<B>IP
Reorganization</B>&rdquo;). As of the Execution Date, all filings to complete the IP Reorganization have been submitted to the local
filing agents in the applicable jurisdictions except for Indonesia and the United States of America. VRB Cayman shall make all best efforts
to submit the remaining filings to complete the IP Reorganization by not later than the Completion Date (as defined in the Purchase Agreement),
and to otherwise take all steps necessary, reasonable or appropriate to complete the IP Reorganization as promptly as possible, in each
case at VRB Cayman&rsquo;s sole expense. VRB Cayman shall regularly update CES (meaning not less than once in each 30-day period) with
respect to the status of the IP Reorganization and cooperate with, and respond to requests of, CES and its agents with respect to its
efforts to ensure that the IP Reorganization is timely completed in all respects to CES&rsquo;s reasonable satisfaction.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><U>&#30693;&#35782;&#20135;&#26435;&#37325;&#32452;</U>&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#21508;&#26041;&#29702;&#35299;&#24182;&#21516;&#24847;&#65292;&#21508;&#26041;&#25215;&#35748;&#20197;&#19979;&#20851;&#20110;</FONT><FONT STYLE="font-size: 10pt">VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#21644;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;</FONT>/VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#25345;&#26377;&#30340;&#27880;&#20876;&#30693;&#35782;&#20135;&#26435;&#37325;&#32452;&#30340;&#35268;&#23450;&#65292;&#22914;&#20013;&#33021;&#20648;&#21644;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#20110;</FONT>2024<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;</FONT>9<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26376;</FONT>23<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26085;&#31614;&#35746;&#30340;&#12298;&#26465;&#27454;&#28165;&#21333;&#12299;&#25152;&#36848;&#65292;&#20197;&#21450;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#19982;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#22312;&#12298;&#36141;&#20080;&#21327;&#35758;&#12299;&#20013;&#21521;&#20013;&#33021;&#20648;&#20316;&#20986;&#30340;&#38472;&#36848;&#21644;&#20445;&#35777;&#25152;&#36848;&#65288;&ldquo;<B>&#30693;&#35782;&#20135;&#26435;&#37325;&#32452;</B>&rdquo;&#65289;&#12290;&#25130;&#33267;&#31614;&#32626;&#26085;&#65292;&#23436;&#25104;&#30693;&#35782;&#20135;&#26435;&#37325;&#32452;&#30340;&#25152;&#26377;&#25991;&#20214;&#22343;&#24050;&#25552;&#20132;&#32473;&#38500;&#21360;&#24230;&#23612;&#35199;&#20122;&#21644;&#32654;&#21033;&#22362;&#21512;&#20247;&#22269;&#20197;&#22806;&#30340;&#36866;&#29992;&#21496;&#27861;&#31649;&#36758;&#21306;&#30340;&#24403;&#22320;&#22791;&#26696;&#20195;&#29702;&#20154;&#12290;</FONT>VRB
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#24212;&#23613;&#26368;&#22823;&#21162;&#21147;&#22312;&#19981;&#36831;&#20110;&#20132;&#21106;&#26085;&#65288;&#22914;&#12298;&#36141;&#20080;&#21327;&#35758;&#12299;&#20013;&#25152;&#23450;&#20041;&#65289;&#20043;&#21069;&#25552;&#20132;&#21097;&#20313;&#25991;&#20214;&#20197;&#23436;&#25104;&#30693;&#35782;&#20135;&#26435;&#37325;&#32452;&#65292;&#24182;&#37319;&#21462;&#19968;&#20999;&#24517;&#35201;&#12289;&#21512;&#29702;&#25110;&#36866;&#24403;&#30340;&#25514;&#26045;&#23613;&#24555;&#23436;&#25104;&#30693;&#35782;&#20135;&#26435;&#25913;&#32452;&#65292;&#27599;&#31181;&#24773;&#20917;&#19979;&#36153;&#29992;&#30001;</FONT>VRB
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#25215;&#25285;&#12290;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#24212;&#23450;&#26399;&#21521;&#20013;&#20648;&#33021;&#26356;&#26032;&#30693;&#35782;&#20135;&#26435;&#37325;&#32452;&#30340;&#26368;&#26032;&#24773;&#20917;&#65288;&#21363;&#27599;</FONT>30<FONT STYLE="font-family: Times New Roman, Times, Serif">&#22825;&#33267;&#23569;&#19968;&#27425;&#65289;&#65292;&#24182;&#19982;&#20013;&#20648;&#33021;&#21450;&#20854;&#20195;&#29702;&#20154;&#21512;&#20316;&#65292;&#22238;&#24212;&#20182;&#20204;&#30340;&#35201;&#27714;&#65292;&#21162;&#21147;&#30830;&#20445;&#30693;&#35782;&#20135;&#26435;&#37325;&#32452;&#22312;&#21508;&#26041;&#38754;&#21450;&#26102;&#23436;&#25104;&#65292;&#36798;&#21040;&#20013;&#20648;&#33021;&#30340;&#21512;&#29702;&#28385;&#24847;&#65306;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">Except
as otherwise provided in Section&nbsp;4(f), VRB China shall not register any Intellectual Property, including the nationalization of
any patent applications filed under the Patent Cooperation Treaty, in the VRB Cayman/USA Areas, and VRB Cayman and VRB USA shall not
register any Intellectual Property, including the nationalization of any patent applications filed under the Patent Cooperation Treaty,
in the VRB China Areas.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#38500;&#31532;</FONT>4<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65288;</FONT>e<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#26465;&#21478;&#26377;&#32422;&#23450;&#22806;&#65292;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#19981;&#24471;&#22312;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;</FONT>/<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#21306;&#22495;&#27880;&#20876;&#20219;&#20309;&#30693;&#35782;&#20135;&#26435;&#65292;&#21253;&#25324;&#19981;&#22312;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;</FONT>/<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#21306;&#22495;&#22522;&#20110;&#12298;&#19987;&#21033;&#21512;&#20316;&#26465;&#32422;&#12299;&#25552;&#20132;&#20219;&#20309;&#22269;&#20869;&#19987;&#21033;&#30003;&#35831;&#65307;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#21644;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#19981;&#24471;&#22312;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#21306;&#22495;&#27880;&#20876;&#20219;&#20309;&#30693;&#35782;&#20135;&#26435;&#65292;&#21253;&#25324;&#19981;&#22312;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#21306;&#22495;&#22522;&#20110;&#12298;&#19987;&#21033;&#21512;&#20316;&#26465;&#32422;&#12299;&#25552;&#20132;&#20219;&#20309;&#21306;&#22495;&#20869;&#19987;&#21033;&#30003;&#35831;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&nbsp;6.
 &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt"><U>Cross-Licensing</U>.
Subject to compliance with the applicable rules&nbsp;and regulation in each Company&rsquo;s Area, it is understood and agreed that the
Parties recognize the following provisions with respect to cross-licensing of any improvement or modification of the design, manufacturing,
production, or operation of the VRB batteries as such are designed, manufactured, produced, or operated by VRB China , VRB Cayman, and/or
VRB USA as of the date hereof (&ldquo;<B>New Inventions</B>&rdquo;), and that these provisions shall only apply until December&nbsp;31,
2025:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>&#20132;&#21449;&#35768;&#21487;</U></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#12290;&#22312;&#36981;&#23432;&#21508;&#20844;&#21496;&#21306;&#22495;&#30340;&#36866;&#29992;&#35268;&#21017;&#21644;&#26465;&#20363;&#30340;&#21069;&#25552;&#19979;&#65292;&#21508;&#26041;&#29702;&#35299;&#24182;&#21516;&#24847;&#65292;&#21508;&#26041;&#25215;&#35748;&#20197;&#19979;&#20851;&#20110;&#20219;&#20309;&#25913;&#36827;&#25110;&#20462;&#25913;&#30340;&#20132;&#21449;&#35768;&#21487;&#32422;&#23450;&#65292;&#36825;&#20123;&#25913;&#36827;&#25110;&#20462;&#25913;&#19982;&#25130;&#33267;&#26412;&#21327;&#35758;&#26085;&#26399;&#30001;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif"><U>&#20013;&#22269;&#65292;</U></FONT><U>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#21644;</FONT>/<FONT STYLE="font-family: Times New Roman, Times, Serif">&#25110;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#35774;&#35745;</FONT></U><FONT STYLE="font-family: Times New Roman, Times, Serif">&#12289;&#21046;&#36896;&#12289;&#29983;&#20135;&#25110;&#36816;&#33829;&#30340;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#30005;&#27744;&#30340;&#35774;&#35745;&#12289;&#29983;&#20135;&#25110;&#25805;&#20316;&#26377;&#20851;&#65288;</FONT>&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#26032;&#21457;&#26126;</B></FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#65292;&#21069;&#36848;&#32422;&#23450;&#20165;&#36866;&#29992;&#20110;</FONT>2025<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;</FONT>12<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26376;</FONT>31<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26085;&#20043;&#21069;&#65306;</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">The
Companies will convene regular meetings (meaning at least once in each 6-month period) to discuss any New Inventions researched /
developed or is researching / developing by VRB China, VRB Cayman and/or VRB USA and the prospects of applying for patent rights
with respect such New Inventions under the Patent Cooperation Treaty and in their respective Areas. If either Company desires to
apply for any potential patent rights with respect to any New Inventions, it will notify the other Company in advance of such
application and will provide copies of the application and all supporting documentation to the other Company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt"></P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#20004;&#20844;&#21496;&#23558;&#23450;&#26399;&#21484;&#24320;&#20250;&#35758;&#65288;&#21363;&#33267;&#23569;&#27599;</FONT>6<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20010;&#26376;&#19968;&#27425;&#65289;&#65292;&#35752;&#35770;&#20219;&#20309;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#12289;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#21644;</FONT>/<FONT STYLE="font-family: Times New Roman, Times, Serif">&#25110;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#24050;&#32463;&#30740;&#31350;&#12289;&#24320;&#21457;&#30340;&#25110;&#27491;&#22312;&#30740;&#31350;&#12289;&#24320;&#21457;&#30340;&#26032;&#21457;&#26126;&#20197;&#21450;&#26681;&#25454;&#12298;&#19987;&#21033;&#21512;&#20316;&#26465;&#32422;&#12299;&#21644;&#22312;&#21508;&#33258;&#21306;&#22495;&#30003;&#35831;&#27492;&#31867;&#26032;&#21457;&#26126;&#19987;&#21033;&#26435;&#30340;&#21069;&#26223;&#12290;&#22914;&#26524;&#20219;&#20309;&#19968;&#23478;&#20844;&#21496;&#24076;&#26395;&#30003;&#35831;&#19982;&#20219;&#20309;&#26032;&#21457;&#26126;&#26377;&#20851;&#30340;&#20219;&#20309;&#28508;&#22312;&#19987;&#21033;&#26435;&#21033;&#65292;&#39035;&#25552;&#21069;&#36890;&#30693;&#21478;&#19968;&#23478;&#20844;&#21496;&#65292;&#24182;&#21521;&#21478;&#19968;&#23478;&#20844;&#21496;&#25552;&#20379;&#30003;&#35831;&#21103;&#26412;&#21644;&#25152;&#26377;&#25903;&#25345;&#25991;&#20214;&#12290;</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">Each
Company (&ldquo;A&rdquo;) hereby grants to the other Company (&ldquo;B&rdquo;) a perpetual, royalty-free, non-sublicensable license and
right to apply for patent rights with respect to any New Inventions in B&rsquo;s Area. Either Company may apply for patent rights with
respect to any New Inventions under the Patent Cooperation Treaty, in which case the Company applying for such patent rights will identify
in the application VRB China as the applicant with respect to assigning such patent rights in the VRB China Areas and VRB USA as the
applicant with respect to assigning such patent rights in the VRB Cayman/USA Areas. The Companies agree to execute and deliver any inventor
assignments or similar agreements, or any notices, certificates, consents, instruments, or other documents, as either Company may reasonably
require to facilitate the provisions of this Section&nbsp;6.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#27599;&#19968;&#20844;&#21496;&#65288;&ldquo;</FONT><FONT STYLE="font-size: 10pt">A<FONT STYLE="font-family: Times New Roman, Times, Serif">&rdquo;&#65289;&#29305;&#27492;&#25480;&#20104;&#21478;&#19968;&#20844;&#21496;&#65288;&ldquo;</FONT>B<FONT STYLE="font-family: Times New Roman, Times, Serif">&rdquo;&#65289;&#27704;&#20037;&#12289;&#20813;&#29256;&#31246;&#12289;&#19981;&#21487;&#20877;&#35768;&#21487;&#30340;&#35768;&#21487;&#21644;&#26435;&#21033;&#65292;&#20197;&#22312;</FONT>B<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21306;&#22495;&#20869;&#30003;&#35831;&#20219;&#20309;&#26032;&#21457;&#26126;&#30340;&#19987;&#21033;&#26435;&#12290;&#20219;&#20309;&#19968;&#23478;&#20844;&#21496;&#22343;&#21487;&#26681;&#25454;&#19987;&#21033;&#21512;&#20316;&#26465;&#32422;&#23601;&#20219;&#20309;&#26032;&#21457;&#26126;&#30003;&#35831;&#19987;&#21033;&#26435;&#65292;&#22312;&#36825;&#31181;&#24773;&#20917;&#19979;&#65292;&#30003;&#35831;&#27492;&#31867;&#19987;&#21033;&#26435;&#30340;&#20844;&#21496;&#23558;&#22312;&#30003;&#35831;&#20013;&#30830;&#23450;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#20026;&#22312;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#21306;&#22495;&#36716;&#35753;&#27492;&#31867;&#19987;&#21033;&#26435;&#26041;&#38754;&#30340;&#30003;&#35831;&#20154;&#65292;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#20026;&#22312;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;</FONT>/<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#21306;&#22495;&#36716;&#35753;&#27492;&#31867;&#19987;&#21033;&#26435;&#26041;&#38754;&#30340;&#30003;&#35831;&#20154;&#12290;&#20004;&#20844;&#21496;&#21516;&#24847;&#31614;&#32626;&#21644;&#20132;&#20184;&#20219;&#20309;&#21457;&#26126;&#20154;&#36716;&#35753;&#25110;&#31867;&#20284;&#21327;&#35758;&#65292;&#25110;&#20219;&#20309;&#36890;&#30693;&#12289;&#35777;&#20070;&#12289;&#21516;&#24847;&#20070;&#12289;&#25991;&#20070;&#25110;&#20854;&#20182;&#25991;&#20214;&#65292;&#20197;&#20419;&#36827;&#26412;&#31532;</FONT>6<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#30340;&#35268;&#23450;&#12290;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">It
is the obligation of each Company to take any and all appropriate actions to file for the patent rights for any Inventions in its respective
Area, and bear any and all costs related thereto.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-size: 10pt">&#21508;&#20844;&#21496;&#26377;&#20041;&#21153;&#37319;&#21462;&#20219;&#20309;&#21644;&#25152;&#26377;&#36866;&#24403;&#30340;&#34892;&#21160;&#65292;&#22312;&#20854;&#21508;&#33258;&#21306;&#22495;&#20869;&#20026;&#20219;&#20309;&#21457;&#26126;&#30003;&#35831;&#19987;&#21033;&#26435;&#65292;&#24182;&#25215;&#25285;&#19982;&#27492;&#30456;&#20851;&#30340;&#20219;&#20309;&#21644;&#25152;&#26377;&#36153;&#29992;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&nbsp;7.
 &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt"><U>Orders
in Respective Jurisdictions</U>. It is understood and agreed that the Parties recognize the following provisions with respect to how
VRB Cayman and VRB USA may help VRB China fulfill orders in the VRB Cayman/USA Areas:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>&#22312;&#21508;&#33258;&#31649;&#36758;&#21306;&#22495;&#30340;&#35746;&#21333;</U>&#12290;&#21508;&#26041;&#29702;&#35299;&#24182;&#21516;&#24847;&#65292;&#23545;&#20110;</FONT><FONT STYLE="font-size: 10pt">VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#21644;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#22914;&#20309;&#24110;&#21161;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#23436;&#25104;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;</FONT>/<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#21306;&#22495;&#30340;&#35746;&#21333;&#65292;&#21508;&#26041;&#35748;&#21487;&#20197;&#19979;&#26465;&#27454;&#65306;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">For
a period of 3 years from the Execution Date, if VRB USA lacks sufficient overall manufacturing capacity to meet the customer&rsquo;s
order:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#33258;&#31614;&#32626;&#26085;&#36215;</FONT><FONT STYLE="font-size: 10pt">3<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;&#20869;&#65292;&#33509;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#32570;&#20047;&#36275;&#22815;&#30340;&#25972;&#20307;&#20135;&#33021;&#26469;&#28385;&#36275;&#23458;&#25143;&#30340;&#35746;&#21333;&#26102;&#65306;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">VRB
USA shall notify VRB China of any potential order for which it does not have enough manufacturing capacity to fulfill and for which the
customer agrees to fulfillment by VRB China;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">VRB&#32654;&#22269;&#24212;&#36890;&#30693;</FONT><FONT STYLE="font-size: 10pt">VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#20854;&#27809;&#26377;&#36275;&#22815;&#20135;&#33021;&#23436;&#25104;&#24182;&#19988;&#23458;&#25143;&#21516;&#24847;&#30001;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#23436;&#25104;&#30340;&#20219;&#20309;&#28508;&#22312;&#35746;&#21333;&#65307;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">VRB
China shall fulfill the order on the commercial terms agreed by VRB USA and the customer which will be assigned to VRB China or paid
over to VRB China by VRB USA; and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">VRB&#20013;&#22269;&#23558;&#25353;&#29031;</FONT><FONT STYLE="font-size: 10pt">VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#21644;&#23458;&#25143;&#21830;&#23450;&#30340;&#21830;&#19994;&#26465;&#27454;&#23653;&#34892;&#35746;&#21333;&#65292;&#36825;&#20123;&#35746;&#21333;&#23558;&#36716;&#35753;&#32473;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#25110;&#30001;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#25903;&#20184;&#32473;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#65307;&#20197;&#21450;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">VRB
China shall provide the customer with the same sales engineering support it provides to any arm&rsquo;s length customer via VRB USA or,
if approved by VRB USA, direct to the customer; provided, that VRB China shall include VRB USA on all substantial communications with
the customer, including any sales proposals, inclusive of pricing and terms and conditions.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">VRB&#20013;&#22269;&#24212;&#36890;&#36807;</FONT><FONT STYLE="font-size: 10pt">VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#21521;&#23458;&#25143;&#25552;&#20379;&#19982;&#20219;&#20309;&#29420;&#31435;&#23458;&#25143;&#30456;&#21516;&#30340;&#38144;&#21806;&#24037;&#31243;&#25903;&#25345;&#65292;&#25110;&#32773;&#22914;&#26524;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#25209;&#20934;&#65292;&#21017;&#30452;&#25509;&#21521;&#23458;&#25143;&#25552;&#20379;&#65307;&#21069;&#25552;&#26159;&#65292;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#24212;&#22312;&#19982;&#23458;&#25143;&#30340;&#25152;&#26377;&#23454;&#36136;&#27807;&#36890;&#20013;&#21253;&#25324;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#65292;&#21253;&#25324;&#28085;&#30422;&#23450;&#20215;&#21644;&#26465;&#27454;&#21644;&#26465;&#20214;&#30340;&#20219;&#20309;&#38144;&#21806;&#25552;&#26696;&#12290;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">When
the end-use customer or ultimate beneficial owner is a PRC enterprise that requires the energy storage system for direct use in the VRB
Cayman/USA Areas or the customer specifically requests that the order be fulfilled by VRB China, so long as it is not part of an arrangement
intended to circumvent VRB USA&rsquo;s rights to sell product in the VRB Cayman/USA Areas:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#24403;&#26368;&#32456;&#29992;&#25143;&#25110;&#26368;&#32456;&#21463;&#30410;&#25152;&#26377;&#20154;&#26159;&#19968;&#23478;&#35201;&#27714;&#22312;</FONT><FONT STYLE="font-size: 10pt">VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;</FONT>/<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#21306;&#22495;&#30452;&#25509;&#20351;&#29992;&#20648;&#33021;&#31995;&#32479;&#30340;&#20013;&#22269;&#20225;&#19994;&#65292;&#25110;&#32773;&#23458;&#25143;&#29305;&#21035;&#35201;&#27714;&#30001;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#23653;&#34892;&#35746;&#21333;&#26102;&#65292;&#21482;&#35201;&#36825;&#19981;&#26159;&#26088;&#22312;&#35268;&#36991;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#22312;</FONT>VRB
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;</FONT>/<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#21306;&#22495;&#38144;&#21806;&#20135;&#21697;&#30340;&#26435;&#21033;&#30340;&#23433;&#25490;&#30340;&#19968;&#37096;&#20998;&#65306;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">The
Company who receives such request shall notify the other Company promptly;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify"><FONT STYLE="font-size: 10pt">&#25910;&#21040;&#27492;&#31867;&#35831;&#27714;&#30340;&#20844;&#21496;&#24212;&#31435;&#21363;&#36890;&#30693;&#21478;&#19968;&#23478;&#20844;&#21496;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">VRB
China shall fulfill the order on the commercial terms agreed by VRB USA and the customer which will be assigned to VRB China or paid
over to VRB China by VRB USA; and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 14; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; margin: 0pt">COOPERATION AGREEMENT - <!-- Field: Sequence; Type: Arabic; Name: PageNo -->14<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#22914;&#26524;</FONT><FONT STYLE="font-size: 10pt">VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#25910;&#21040;&#27492;&#31867;&#35746;&#21333;&#65292;&#24182;&#19988;&#23458;&#25143;&#21516;&#24847;&#65292;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#24212;&#25353;&#29031;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#21644;&#23458;&#25143;&#21830;&#23450;&#30340;&#21830;&#19994;&#26465;&#27454;&#23653;&#34892;&#35746;&#21333;&#65292;&#35813;&#35746;&#21333;&#23558;&#34987;&#20998;&#37197;&#32473;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#25110;&#30001;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#25903;&#20184;&#32473;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#65307;&#21644;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">VRB
China shall provide the customer with the same sales engineering support it provides to any arm&rsquo;s length customer via VRB USA or,
if approved by VRB USA, direct to the customer; provided, that VRB China shall include VRB USA on all substantial communications with
the customer, including any sales proposals, inclusive of pricing and terms and conditions.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">VRB&#20013;&#22269;&#24212;&#36890;&#36807;</FONT><FONT STYLE="font-size: 10pt">VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#21521;&#23458;&#25143;&#25552;&#20379;&#19982;&#20219;&#20309;&#20844;&#24179;&#20132;&#26131;&#23458;&#25143;&#30456;&#21516;&#30340;&#38144;&#21806;&#24037;&#31243;&#25903;&#25345;&#65292;&#25110;&#32773;&#22914;&#26524;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#25209;&#20934;&#65292;&#21017;&#30452;&#25509;&#21521;&#23458;&#25143;&#25552;&#20379;&#65307;&#21069;&#25552;&#26159;&#65292;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#24212;&#23558;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#32435;&#20837;&#19982;&#23458;&#25143;&#30340;&#25152;&#26377;&#23454;&#36136;&#24615;&#27807;&#36890;&#20013;&#65292;&#21253;&#25324;&#20219;&#20309;&#38144;&#21806;&#25552;&#26696;&#65292;&#21253;&#25324;&#23450;&#20215;&#21644;&#26465;&#27454;&#21644;&#26465;&#20214;&#12290;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">In
the event that VRB China is fulfilling an order in VRB Cayman/USA Areas pursuant to this Section&nbsp;7, VRB USA shall take reasonable
measures, such as sub-licensing of VRB USA&rsquo;s Intellectual Property Rights in VRB Cayman/USA Areas to VRB China, solely for the
purposes of ensuring that VRB China may utilize the subject Intellectual Property for the purposes of fulfilling the order.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#22914;&#26524;</FONT><FONT STYLE="font-size: 10pt">VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#26681;&#25454;&#31532;</FONT>7<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#22312;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;</FONT>/<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#21306;&#22495;&#23653;&#34892;&#35746;&#21333;&#65292;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#24212;&#37319;&#21462;&#21512;&#29702;&#25514;&#26045;&#65292;&#20363;&#22914;&#23558;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#22312;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;</FONT>/<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#21306;&#22495;&#30340;&#30693;&#35782;&#20135;&#26435;&#20877;&#35768;&#21487;&#32473;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#65292;&#20854;&#21807;&#19968;&#30446;&#30340;&#26159;&#30830;&#20445;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#21487;&#20197;&#20026;&#23653;&#34892;&#35746;&#21333;&#30340;&#30446;&#30340;&#32780;&#20351;&#29992;&#29305;&#23450;&#30693;&#35782;&#20135;&#26435;&#12290;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">Any
marketing materials to be provided or used with respect to any orders in the VRB Cayman/USA Areas to be fulfilled by VRB China pursuant
to the provisions of this Section&nbsp;7 shall require the mutual approval of VRB China and VRB USA.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#26681;&#25454;&#26412;&#31532;</FONT><FONT STYLE="font-size: 10pt">7<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#30340;&#35268;&#23450;&#65292;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#22312;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;</FONT>/<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#21306;&#22495;&#23653;&#34892;&#30340;&#20219;&#20309;&#35746;&#21333;&#25152;&#25552;&#20379;&#25110;&#20351;&#29992;&#30340;&#20219;&#20309;&#33829;&#38144;&#26448;&#26009;&#37117;&#38656;&#35201;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#21644;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#30340;&#20849;&#21516;&#25209;&#20934;&#12290;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&nbsp;8.
 &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt"><U>Sales
or Licenses of Intellectual Property to Third-Parties</U>. It is understood and agreed that the Parties recognize the following provisions
with respect to a Company&rsquo;s sale or license of Intellectual Property to third-parties:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-size: 10pt"><U>&#21521;&#31532;&#19977;&#26041;&#20986;&#21806;&#25110;&#35768;&#21487;&#30693;&#35782;&#20135;&#26435;</U>&#12290;&#21508;&#26041;&#29702;&#35299;&#24182;&#21516;&#24847;&#65292;&#21508;&#26041;&#35748;&#21487;&#20197;&#19979;&#20851;&#20110;&#20844;&#21496;&#21521;&#31532;&#19977;&#26041;&#20986;&#21806;&#25110;&#35768;&#21487;&#30693;&#35782;&#20135;&#26435;&#30340;&#26465;&#27454;&#65306;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Notwithstanding
any provisions of this Agreement to the contrary, VRB USA shall not sell or license any Intellectual Property, directly or indirectly
(including pursuant to a change of Control of VRB USA or VRB Cayman), to any Person whose business, at the time of the transaction, is
predominantly in China or that, to the knowledge of VRB USA or VRB Cayman at the time of the transaction, who intends to commercialize
or monetize such Intellectual Property with any method in VRB China Areas, expressly including, without limitation, Dalian Rongke, Beijing
Star, Shanghai Electric, Sumitomo Electric, Redflow, and Weilide (collectively, a &ldquo;<B>Competitor</B>&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#23613;&#31649;&#26412;&#21327;&#35758;&#20013;&#26377;&#20219;&#20309;&#30456;&#21453;&#30340;&#35268;&#23450;&#65292;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#19981;&#24471;&#30452;&#25509;&#25110;&#38388;&#25509;&#65288;&#21253;&#25324;&#22522;&#20110;
</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#25110;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#25511;&#21046;&#26435;&#21464;&#26356;&#65289;&#21521;&#22312;&#20132;&#26131;&#26102;&#19994;&#21153;&#20027;&#35201;&#22312;&#20013;&#22269;&#30340;&#20219;&#20309;&#20154;&#22763;&#25110;&#25454;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#25110;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#22312;&#20132;&#26131;&#26102;&#25152;&#30693;&#65292;&#35745;&#21010;&#22312;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#21306;&#22495;&#36890;&#36807;&#20219;&#20309;&#26041;&#24335;&#23558;&#27492;&#31867;&#30693;&#35782;&#20135;&#26435;&#21830;&#19994;&#21270;&#25110;&#36135;&#24065;&#21270;&#30340;&#20219;&#20309;&#20154;&#22763;&#20986;&#21806;&#25110;&#35768;&#21487;&#20219;&#20309;&#30693;&#35782;&#20135;&#26435;&#65292;&#26126;&#30830;&#21253;&#25324;&#20294;&#19981;&#38480;&#20110;&#22823;&#36830;&#34701;&#31185;&#12289;&#21271;&#20140;&#26143;&#36784;&#12289;&#19978;&#28023;&#30005;&#27668;&#12289;&#20303;&#21451;&#30005;&#27668;&#12289;</FONT>Redflow<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21644;&#20255;&#21147;&#24471;
 &#65288;&#32479;&#31216;&#20026;&ldquo;<B>&#31454;&#20105;&#23545;&#25163;</B>&rdquo;&#65289;&#12290;&nbsp;</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Subject
to the restriction in Section 8(a), the Parties expressly permit the following licenses of Intellectual Property:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;<FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#22312;&#31526;&#21512;&#31532;
</FONT>8<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65288;</FONT>a<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#26465;&#30340;&#38480;&#21046;&#30340;&#24773;&#20917;&#19979;&#65292;&#21508;&#26041;&#26126;&#30830;&#20801;&#35768;&#20197;&#19979;&#30693;&#35782;&#20135;&#26435;&#30340;&#35768;&#21487;&#65306;&nbsp;</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">Any
license of Intellectual Property to customers or subcontractors of the Company as necessary to sell or provide products or services to
the Company&rsquo;s customers;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify"><FONT STYLE="font-size: 10pt">&#21521;&#20844;&#21496;&#23458;&#25143;&#25110;&#20998;&#21253;&#21830;&#35768;&#21487;&#20219;&#20309;&#24517;&#35201;&#30340;&#30693;&#35782;&#20135;&#26435;&#65292;&#20197;&#20415;&#21521;&#20844;&#21496;&#23458;&#25143;&#38144;&#21806;&#25110;&#25552;&#20379;&#20135;&#21697;&#25110;&#26381;&#21153;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Any
license of Intellectual Property to an Affiliate or for the purpose of R&amp;D activities; or</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: 0in">&#21521;&#20851;&#32852;&#26041;&#25110;&#20026;&#30740;&#21457;&#27963;&#21160;&#30446;&#30340;&#25480;&#20104;&#30340;&#20219;&#20309;&#30693;&#35782;&#20135;&#26435;&#35768;&#21487;&#65307;&#25110;<U>&nbsp;</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">Any
license of Intellectual Property by a Company to the other Company as contemplated herein.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#20844;&#21496;&#26681;&#25454;&#26412;&#21327;&#35758;&#21521;&#21478;&#19968;&#23478;&#20844;&#21496;&#25480;&#20104;&#30340;&#20219;&#20309;&#30693;&#35782;&#20135;&#26435;&#35768;&#21487;</FONT><FONT STYLE="font-size: 10pt">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">Nothing
in this Agreement shall prohibit VRB USA from undertaking an initial public offering of its equity securities or from undertaking a change
of Control so long as the acquirer in such change of Control is not a Competitor.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#21482;&#35201;&#25511;&#21046;&#26435;&#21464;&#26356;&#20013;&#30340;&#25910;&#36141;&#26041;&#19981;&#26159;&#31454;&#20105;&#23545;&#25163;&#65292;&#26412;&#21327;&#35758;&#20013;&#30340;&#20219;&#20309;&#20869;&#23481;&#22343;&#19981;&#31105;&#27490;</FONT><FONT STYLE="font-size: 10pt">VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#23545;&#20854;&#32929;&#26435;&#36827;&#34892;&#39318;&#27425;&#20844;&#24320;&#21215;&#32929;&#25110;&#36827;&#34892;&#25511;&#21046;&#26435;&#21464;&#26356;&#12290;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">Other
than the exceptions listed in Section&nbsp;8(b), for any potential sale or license of any Intellectual Property of VRB USA in compliance
with the restriction in Section&nbsp;8(a), and with respect to any patent rights only for so long as such patent rights are enforceable
under applicable patent Law, VRB China shall have a right of first refusal to purchase or license the Intellectual Property to be sold
or licensed to the third-party on the same terms and conditions as being offered to the third-party (&ldquo;<B>ROFR</B>&rdquo;). VRB
USA shall provide VRB China with notice of the potential sale or license, including the material terms and conditions being offered by
VRB USA to the third-party, and VRB China shall have a period of thirty (30) days from the date of such notice to notify VRB USA whether
VRB China elects to exercise the ROFR. If VRB China timely notifies VRB USA that VRB China elects to exercise the ROFR, then VRB China
and VRB USA shall close (which shall include the payment transfer but may be pending on filing completion) the sale or license of the
Intellectual Property within thirty (30) days from the date of such notice. If VRB China notifies VRB USA that it does not elected to
exercise the ROFR or fails to timely notify VRB USA that VRB China elects to exercise the ROFR, then VRB USA shall have a period of thirty
(30) days from the expiration of VRB China&rsquo;s period of time in which it may notify VRB USA that VRB China elects to exercise the
ROFR to close the sale or license of the Intellectual Property to the third-party on the terms set forth in VRB USA&rsquo;s notice of
the potential sale or license to VRB China and, if VRB USA fails to close the sale or license within such time period, the foregoing
ROFR provisions shall apply to any future sale or license of the Intellectual Property.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#38500;&#31532;</FONT><FONT STYLE="font-size: 10pt">8<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65288;</FONT>b<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#26465;&#25152;&#21015;&#30340;&#20363;&#22806;&#24773;&#20917;&#22806;&#65292;&#23545;&#20110;&#31526;&#21512;&#31532;</FONT>8<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65288;</FONT>a<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#26465;&#38480;&#21046;&#30340;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#20219;&#20309;&#30693;&#35782;&#20135;&#26435;&#30340;&#20219;&#20309;&#28508;&#22312;&#38144;&#21806;&#25110;&#35768;&#21487;&#65292;&#20197;&#21450;&#23545;&#20110;&#20219;&#20309;&#19987;&#21033;&#26435;&#65292;&#21482;&#35201;&#35813;&#19987;&#21033;&#26435;&#26681;&#25454;&#36866;&#29992;&#30340;&#19987;&#21033;&#27861;&#21487;&#20197;&#24378;&#21046;&#25191;&#34892;&#65292;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#24212;&#20139;&#26377;&#20248;&#20808;&#36141;&#20080;&#26435;&#25110;&#35768;&#21487;&#26435;&#65292;&#20197;&#21521;&#31532;&#19977;&#26041;&#25552;&#20379;&#30340;&#30456;&#21516;&#26465;&#27454;&#21644;&#26465;&#20214;&#36141;&#20080;&#25110;&#35768;&#21487;&#23558;&#20986;&#21806;&#25110;&#35768;&#21487;&#32473;&#31532;&#19977;&#26041;&#30340;&#30693;&#35782;&#20135;&#26435;&#65288;&ldquo;<B>&#20248;&#20808;&#36141;&#20080;&#26435;</B>&rdquo;&#65289;&#12290;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#24212;&#21521;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#25552;&#20379;&#28508;&#22312;&#20986;&#21806;&#25110;&#35768;&#21487;&#30340;&#36890;&#30693;&#65292;&#21253;&#25324;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#21521;&#31532;&#19977;&#26041;&#25552;&#20379;&#30340;&#37325;&#35201;&#26465;&#27454;&#21644;&#26465;&#20214;&#65292;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#24212;&#22312;&#33258;&#35813;&#36890;&#30693;&#20043;&#26085;&#36215;&#19977;&#21313;&#65288;</FONT>30<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#22825;&#20869;&#36890;&#30693;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#26159;&#21542;&#36873;&#25321;&#34892;&#20351;&#20248;&#20808;&#36141;&#20080;&#26435;&#12290;&#22914;&#26524;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#21450;&#26102;&#36890;&#30693;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#36873;&#25321;&#34892;&#20351;&#20248;&#20808;&#36141;&#20080;&#26435;&#65292;&#21017;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#21644;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#24212;&#22312;&#36890;&#30693;&#20043;&#26085;&#36215;&#19977;&#21313;&#65288;</FONT>30<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#22825;&#20869;&#23436;&#25104;&#30693;&#35782;&#20135;&#26435;&#30340;&#38144;&#21806;&#25110;&#35768;&#21487;&#65288;&#21253;&#25324;&#20184;&#27454;&#36716;&#36134;&#65292;&#20294;&#30003;&#35831;&#30340;&#23436;&#25104;&#21487;&#24453;&#23450;&#65289;&#12290;&#22914;&#26524;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#36890;&#30693;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#20854;&#26410;&#36873;&#25321;&#34892;&#20351;&#20248;&#20808;&#36141;&#20080;&#26435;&#65292;&#25110;&#26410;&#33021;&#21450;&#26102;&#36890;&#30693;</FONT>VRB
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#36873;&#25321;&#34892;&#20351;&#20248;&#20808;&#36141;&#20080;&#26435;&#65292;&#21017;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#24212;&#22312;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#36890;&#30693;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#36873;&#25321;&#34892;&#20351;&#20248;&#20808;&#36141;&#20080;&#26435;&#30340;&#26399;&#38480;&#23626;&#28385;&#21518;&#19977;&#21313;&#65288;</FONT>30<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#22825;&#20869;&#65292;&#25353;&#29031;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#21521;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#21457;&#20986;&#30340;&#28508;&#22312;&#38144;&#21806;&#25110;&#35768;&#21487;&#36890;&#30693;&#20013;&#32422;&#23450;&#30340;&#26465;&#27454;&#65292;&#23436;&#25104;&#21521;&#31532;&#19977;&#26041;&#38144;&#21806;&#25110;&#35768;&#21487;&#30693;&#35782;&#20135;&#26435;&#30340;&#24037;&#20316;&#65292;&#24182;&#19988;&#65292;&#22914;&#26524;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#26410;&#33021;&#22312;&#19978;&#36848;&#26399;&#38480;&#20869;&#23436;&#25104;&#20986;&#21806;&#25110;&#35768;&#21487;&#65292;&#21017;&#19978;&#36848;&#20248;&#20808;&#36141;&#20080;&#26435;&#26465;&#27454;&#24212;&#36866;&#29992;&#20110;&#30693;&#35782;&#20135;&#26435;&#30340;&#20219;&#20309;&#26410;&#26469;&#20986;&#21806;&#25110;&#35768;&#21487;&#12290;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&nbsp;9.
 &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt"><U>Confidentiality.
</U>The confidentiality obligations and related provisions in the Joint Venture Agreement are hereby incorporated into and made a part
of this Agreement by this reference and shall be binding upon each of the Parties.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><U>&#20445;&#23494;&#12290;</U>&#12298;&#21512;&#36164;&#21327;&#35758;&#12299;&#20013;&#30340;&#20445;&#23494;&#20041;&#21153;&#21644;&#30456;&#20851;&#32422;&#23450;&#29305;&#27492;&#36890;&#36807;&#24341;&#29992;&#32435;&#20837;&#26412;&#21327;&#35758;&#65292;&#24182;&#25104;&#20026;&#26412;&#21327;&#35758;&#30340;&#19968;&#37096;&#20998;&#65292;&#23545;&#21508;&#26041;&#22343;&#20855;&#26377;&#32422;&#26463;&#21147;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&nbsp;10.
 &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt"><U>Default</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><U>&#36829;&#32422;&#12290;</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt">If
CES or VRB Cayman is in Default under the Joint Venture Agreement, or if CES or VRB Cayman has materially breached a covenant in the
Purchase Agreement, or a Party has materially breached a covenant in this Agreement, and that breach has not been remedied within ninety
(90) days of being notified in writing of the breach, or if such breach is incapable of being remedied, then CES&rsquo;s and VRB China&rsquo;s
obligations under this Agreement (with respect to the Default of VRB Cayman or the breach of the Purchase Agreement or this Agreement
by VRB Cayman or VRB USA) or VRB Cayman&rsquo;s and VRB USA&rsquo;s obligations under this Agreement (with respect to the Default of
CES or the breach of the Purchase Agreement or this Agreement by CES or VRB China) shall be suspended until the Party is no longer in
Default or the breach has been remedied, or the Parties have agreed for a feasible solution (in the case that such breach is incapable
of being remedied). The suspension shall include, without limitation, Section&nbsp;1, Section&nbsp;6, and Section&nbsp;7 , but in no
event shall include VRB USA or VRB Cayman&rsquo;s obligation in relation to the IP Reorganization.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#22914;&#26524;&#20013;&#33021;&#20648;&#25110;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#36829;&#21453;&#20102;&#12298;&#21512;&#36164;&#21327;&#35758;&#12299;&#65292;&#25110;&#32773;&#22914;&#26524;&#20013;&#33021;&#20648;&#25110;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#20005;&#37325;&#36829;&#21453;&#20102;&#12298;&#36141;&#20080;&#21327;&#35758;&#12299;&#20013;&#30340;&#22865;&#32422;&#65292;&#25110;&#32773;&#19968;&#26041;&#20005;&#37325;&#36829;&#21453;&#20102;&#26412;&#21327;&#35758;&#20013;&#30340;&#22865;&#32422;&#65292;&#24182;&#19988;&#22312;&#25910;&#21040;&#36829;&#32422;&#20070;&#38754;&#36890;&#30693;&#21518;&#20061;&#21313;&#65288;</FONT>90<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#22825;&#20869;&#26410;&#23545;&#36829;&#32422;&#34892;&#20026;&#36827;&#34892;&#34917;&#25937;&#65292;&#25110;&#32773;&#22914;&#26524;&#36829;&#32422;&#34892;&#20026;&#26080;&#27861;&#34917;&#25937;&#65292;&#21017;&#20013;&#33021;&#20648;&#21644;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#22312;&#26412;&#21327;&#35758;&#39033;&#19979;&#30340;&#20041;&#21153;&#65288;&#23601;</FONT>VRB
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#30340;&#36829;&#32422;&#25110;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#25110;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#36829;&#21453;&#12298;&#36141;&#20080;&#21327;&#35758;&#12299;&#25110;&#26412;&#21327;&#35758;&#65289;&#25110;</FONT>VRB
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#21644;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#22312;&#26412;&#21327;&#35758;&#19979;&#30340;&#20041;&#21153;&#65288;&#23601;&#20013;&#33021;&#20648;&#36829;&#32422;&#25110;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#36829;&#21453;&#12298;&#36141;&#20080;&#21327;&#35758;&#12299;&#25110;&#26412;&#21327;&#35758;&#65289;&#24212;&#26242;&#20572;&#65292;&#30452;&#33267;&#35813;&#26041;&#19981;&#20877;&#36829;&#32422;&#25110;&#36829;&#32422;&#34892;&#20026;&#24471;&#21040;&#34917;&#25937;&#65292;&#25110;&#32773;&#21508;&#26041;&#24050;&#23601;&#21487;&#34892;&#30340;&#35299;&#20915;&#26041;&#26696;&#36798;&#25104;&#19968;&#33268;&#65288;&#22312;&#36829;&#32422;&#26080;&#27861;&#34917;&#25937;&#30340;&#24773;&#20917;&#19979;&#65289;&#12290;&#26242;&#20572;&#24212;&#21253;&#25324;&#20294;&#19981;&#38480;&#20110;&#31532;</FONT>1<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#12289;&#31532;</FONT>6<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#21644;&#31532;</FONT>7<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#65292;&#20294;&#26159;&#26080;&#35770;&#20309;&#26102;&#22343;&#19981;&#21253;&#25324;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#25110;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#19982;&#30693;&#35782;&#20135;&#26435;&#37325;&#32452;&#26377;&#20851;&#30340;&#20041;&#21153;&#12290;&nbsp;</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&nbsp;11.
 &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt"><U>Annual Review</U>.
Given the long-term relationship of the Parties and their obligations under this Agreement, they shall meet within the first ninety (90)
days of each calendar year 2025, 2026, and 2027 to review this Agreement and discuss any necessary modifications, which will not be binding
unless they are memorialized in a writing signed by all Parties.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>&#24180;&#24230;&#23457;&#26597;&#12290;</U>&#37492;&#20110;&#21508;&#26041;&#30340;&#38271;&#26399;&#20851;&#31995;&#21450;&#20854;&#22312;&#26412;&#21327;&#35758;&#39033;&#19979;&#30340;&#20041;&#21153;&#65292;&#21508;&#26041;&#24212;&#22312;</FONT><FONT STYLE="font-size: 10pt">2025<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12289;</FONT>2026<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21644;</FONT>2027<FONT STYLE="font-family: Times New Roman, Times, Serif">&#27599;&#20010;&#26085;&#21382;&#24180;&#30340;&#21069;&#20061;&#21313;&#65288;</FONT>90<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#22825;&#20869;&#20250;&#38754;&#65292;&#23457;&#26597;&#26412;&#21327;&#35758;&#24182;&#35752;&#35770;&#20219;&#20309;&#24517;&#35201;&#30340;&#20462;&#25913;&#65292;&#38500;&#38750;&#21508;&#26041;&#20197;&#20070;&#38754;&#24418;&#24335;&#35760;&#24405;&#24182;&#31614;&#32626;&#65292;&#21542;&#21017;&#36825;&#20123;&#20462;&#25913;&#19981;&#20855;&#32422;&#26463;&#21147;&#12290;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&nbsp;12.
 &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt"><U>Compliance
with Laws</U>. The rights and obligations are only exercisable and enforceable to the extend it is in compliance with the applicable
rules&nbsp;and regulations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><U>&#36981;&#23432;&#27861;&#24459;&#12290;</U>&#26435;&#21033;&#21644;&#20041;&#21153;&#20165;&#22312;&#31526;&#21512;&#36866;&#29992;&#35268;&#21017;&#21644;&#35268;&#23450;&#30340;&#33539;&#22260;&#20869;&#21487;&#34892;&#20351;&#21644;&#25191;&#34892;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&nbsp;13.
 &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Change of Control</U>. In the event of a change
of Control of VRB USA (excluding a change of Control of the voting securities of VRB USA&rsquo;s ultimate parent) or the sale of all
or substantially all of the assets of VRB USA, or in the event CES, alone or together with its Affiliates, ceases to own at least 30%
of VRB China, then the provisions of this Agreement shall automatically terminate as of the date of such event except for Section 5(b);
provided, however, in no event shall any change in Control or sale of all or substantially all of the assets of VRB USA result in VRB
USA being Controlled or such assets being owned by a Competitor unless otherwise agreed by VRB China.&nbsp;</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>&#25511;&#21046;&#26435;&#21464;&#26356;</U></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#12290;&#33509;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#30340;&#25511;&#21046;&#26435;&#21457;&#29983;&#21464;&#26356;&#65288;&#19981;&#21253;&#25324;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#26368;&#32456;&#27597;&#20844;&#21496;&#26377;&#34920;&#20915;&#26435;&#35777;&#21048;&#25511;&#21046;&#26435;&#30340;&#21464;&#26356;&#65289;&#65292;&#25110;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#20840;&#37096;&#36164;&#20135;&#25110;&#23454;&#36136;&#19978;&#20840;&#37096;&#36164;&#20135;&#34987;&#20986;&#21806;&#65292;&#25110;&#20013;&#33021;&#20648;&#21333;&#29420;&#25110;&#19982;&#20854;&#20851;&#32852;&#26041;&#20849;&#21516;&#19981;&#20877;&#25317;&#26377;
</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#33267;&#23569;</FONT>30%<FONT STYLE="font-family: Times New Roman, Times, Serif">&#30340;&#32929;&#20221;&#65292;&#21017;&#38500;&#31532;</FONT>5<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65288;</FONT>b<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#26465;&#22806;&#65292;&#26412;&#21327;&#35758;&#30340;&#26465;&#27454;&#24212;&#20110;&#35813;&#20107;&#20214;&#21457;&#29983;&#20043;&#26085;&#33258;&#21160;&#32456;&#27490;&#12290;&#20294;&#26159;&#65292;&#38500;&#38750;
</FONT>VRB <FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#21478;&#34892;&#21516;&#24847;&#65292;&#22312;&#20219;&#20309;&#24773;&#20917;&#19979;&#65292;&#25511;&#21046;&#26435;&#21464;&#26356;&#25110;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#20840;&#37096;&#36164;&#20135;&#25110;&#23454;&#36136;&#19978;&#20840;&#37096;&#36164;&#20135;&#30340;&#20986;&#21806;&#22343;&#19981;&#24471;&#23548;&#33268;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#34987;&#31454;&#20105;&#23545;&#25163;&#25511;&#21046;&#25110;&#35813;&#31561;&#36164;&#20135;&#34987;&#31454;&#20105;&#23545;&#25163;&#25317;&#26377;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section
14.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>No-Shop</U>. VRB Cayman agrees
that for a period of three (3) years from the Execution Date that it shall not solicit or seek any offers or inquiries from any person
or company for the sale of Control of VRB USA, but provided that the foregoing restriction does not prevent VRB Cayman from responding
to, discussing, accepting, or consummating a transaction that would otherwise be prohibited by this section and that is made and received
on an unsolicited basis from any person or company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#19981;&#24471;&#23547;&#25214;&#20080;&#23478;</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#12290;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#21516;&#24847;&#33258;&#31614;&#32626;&#26085;&#19977;&#65288;</FONT>3<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#24180;&#30340;&#26399;&#38388;&#20869;&#20854;&#19981;&#20250;&#20828;&#21806;&#25110;&#21521;&#20219;&#20309;&#20010;&#20154;&#25110;&#20844;&#21496;&#23547;&#27714;&#20851;&#20110;&#20986;&#21806;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#25511;&#21046;&#26435;&#30340;&#35201;&#32422;&#25110;&#38382;&#35810;&#65292;&#20294;&#21069;&#25552;&#26159;&#35813;&#38480;&#21046;&#19981;&#31105;&#27490;</FONT>VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;&#22238;&#24212;&#12289;&#35752;&#35770;&#12289;&#25509;&#21463;&#25110;&#23436;&#25104;&#20854;&#26412;&#24212;&#22312;&#26412;&#26465;&#19979;&#31105;&#27490;&#30340;&#12289;&#22312;&#26410;&#20828;&#21806;&#30340;&#24773;&#20917;&#19979;&#20174;&#20219;&#20309;&#20010;&#20154;&#25110;&#20844;&#21496;&#22788;&#25910;&#21040;&#24182;&#36798;&#25104;&#30340;&#20132;&#26131;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&nbsp;15.
 &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt"><U>Governing
Law</U>. This Agreement shall be governed by the law of the PRC (excluding the law of Hong Kong SAR, Macao SAR and Taiwan), without regard
to conflicts of law principles that would result in the application of any law other than the law of the PRC.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 18; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; margin: 0pt">COOPERATION AGREEMENT - <!-- Field: Sequence; Type: Arabic; Name: PageNo -->18<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><U>&#36866;&#29992;&#27861;&#24459;</U>&#12290;&#26412;&#21327;&#35758;&#21463;&#20013;&#21326;&#20154;&#27665;&#20849;&#21644;&#22269;&#27861;&#24459;&#65288;&#19981;&#21253;&#25324;&#39321;&#28207;&#29305;&#21035;&#34892;&#25919;&#21306;&#12289;&#28595;&#38376;&#29305;&#21035;&#34892;&#25919;&#21306;&#21644;&#21488;&#28286;&#30340;&#27861;&#24459;&#65289;&#31649;&#36758;&#65292;&#19981;&#32771;&#34385;&#23548;&#33268;&#36866;&#29992;&#20013;&#21326;&#20154;&#27665;&#20849;&#21644;&#22269;&#27861;&#24459;&#20197;&#22806;&#20219;&#20309;&#27861;&#24459;&#30340;&#27861;&#24459;&#20914;&#31361;&#21407;&#21017;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&nbsp;16.
 &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt"><U>Language</U>.
This Agreement has been prepared in both the English language and in the Chinese language, with the Chinese language prevailing in the
case of any inconsistency.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><U>&#35821;&#35328;</U>&#12290;&#26412;&#21327;&#35758;&#20197;&#33521;&#25991;&#21644;&#20013;&#25991;&#20004;&#31181;&#35821;&#35328;&#32534;&#20889;&#65292;&#22914;&#26377;&#20219;&#20309;&#19981;&#19968;&#33268;&#20043;&#22788;&#65292;&#20197;&#20013;&#25991;&#20026;&#20934;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&nbsp;17.
 &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt"><U>Successors and Assigns</U>.
The terms and conditions of this Agreement shall inure to the benefit of and be binding upon the respective successors and assigns of
the Parties. Nothing in this Agreement, express or implied, is intended to confer upon any party other than the Parties hereto or their
respective successors and assigns any rights, remedies, obligations or liabilities under or by reason of this Agreement, except as expressly
provided in this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><U>&#32487;&#25215;&#20154;&#21644;&#21463;&#35753;&#20154;</U>&#12290;&#26412;&#21327;&#35758;&#30340;&#26465;&#27454;&#21644;&#26465;&#20214;&#24212;&#24800;&#21450;&#21508;&#26041;&#21508;&#33258;&#30340;&#32487;&#25215;&#20154;&#21644;&#21463;&#35753;&#20154;&#65292;&#24182;&#23545;&#20854;&#20855;&#26377;&#32422;&#26463;&#21147;&#12290;&#38500;&#26412;&#21327;&#35758;&#26377;&#26126;&#30830;&#32422;&#23450;&#22806;&#65292;&#26412;&#21327;&#35758;&#20219;&#20309;&#26465;&#27454;&#22343;&#26080;&#24847;&#65292;&#26126;&#31034;&#25110;&#40664;&#31034;&#65292;&#36171;&#20104;&#26412;&#21327;&#35758;&#21508;&#26041;&#25110;&#20854;&#21508;&#33258;&#30340;&#32487;&#25215;&#20154;&#21644;&#21463;&#35753;&#20154;&#20197;&#22806;&#30340;&#20219;&#20309;&#19968;&#26041;&#26412;&#21327;&#35758;&#39033;&#19979;&#30340;&#25110;&#22240;&#26412;&#21327;&#35758;&#32780;&#20135;&#29983;&#30340;&#20219;&#20309;&#26435;&#21033;&#12289;&#34917;&#25937;&#25514;&#26045;&#12289;&#20041;&#21153;&#25110;&#36131;&#20219;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&nbsp;18.
 &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt"><U>Amendments
and Waivers</U>. This Agreement may not be amended, except in a writing signed by all Parties to this Agreement. Any waiver, permit,
consent or approval of any kind or character on the part of any Party of any breach or default under this Agreement, or any waiver on
the part of any Party of any provisions or conditions of this Agreement, must be in writing and signed by the Party providing the waiver,
and shall be effective only to the extent specifically set forth in such writing.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><U>&#20462;&#35746;&#19982;&#24323;&#26435;</U>&#12290;&#38500;&#38750;&#26412;&#21327;&#35758;&#25152;&#26377;&#32532;&#32422;&#26041;&#31614;&#32626;&#20070;&#38754;&#25991;&#20214;&#65292;&#21542;&#21017;&#19981;&#24471;&#20462;&#35746;&#26412;&#21327;&#35758;&#12290;&#20219;&#20309;&#19968;&#26041;&#23545;&#26412;&#21327;&#35758;&#39033;&#19979;&#20219;&#20309;&#36829;&#21453;&#25110;&#36829;&#32422;&#34892;&#20026;&#30340;&#20219;&#20309;&#31181;&#31867;&#25110;&#24615;&#36136;&#30340;&#25918;&#24323;&#12289;&#35768;&#21487;&#12289;&#21516;&#24847;&#25110;&#25209;&#20934;&#65292;&#25110;&#20219;&#20309;&#19968;&#26041;&#23545;&#26412;&#21327;&#35758;&#20219;&#20309;&#26465;&#27454;&#25110;&#26465;&#20214;&#30340;&#20219;&#20309;&#25918;&#24323;&#65292;&#24517;&#39035;&#20197;&#20070;&#38754;&#24418;&#24335;&#20570;&#20986;&#65292;&#24182;&#30001;&#25552;&#20379;&#25918;&#24323;&#30340;&#19968;&#26041;&#31614;&#32626;&#65292;&#19988;&#20165;&#22312;&#35813;&#20070;&#38754;&#24418;&#24335;&#20855;&#20307;&#32422;&#23450;&#30340;&#33539;&#22260;&#20869;&#26377;&#25928;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&nbsp;19.
 &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt"><U>Severability</U>.
The invalidity or unenforceability of any provision hereof shall in no way affect the validity or enforceability of any other provision.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><U>&#21487;&#20998;&#21106;&#24615;</U>&#12290;&#26412;&#21327;&#35758;&#20219;&#20309;&#26465;&#27454;&#30340;&#26080;&#25928;&#24615;&#25110;&#19981;&#21487;&#25191;&#34892;&#24615;&#32477;&#19981;&#24433;&#21709;&#20219;&#20309;&#20854;&#20182;&#26465;&#27454;&#30340;&#26377;&#25928;&#24615;&#25110;&#21487;&#25191;&#34892;&#24615;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">[<I>Signature Page&nbsp;Follows</I>]</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[&#19979;&#25509;&#31614;&#32626;&#39029;</FONT><FONT STYLE="font-size: 10pt">]</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 19; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; margin: 0pt">COOPERATION AGREEMENT - <!-- Field: Sequence; Type: Arabic; Name: PageNo -->19<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">IN
WITNESS WHEREOF, the undersigned has duly</FONT> <FONT STYLE="font-size: 10pt">executed and delivered this Agreement effective as of the
date first hereinabove set forth.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&#19979;&#21015;&#31614;&#32626;&#20154;&#24050;&#27491;&#24335;&#31614;&#32626;&#24182;&#36882;&#20132;&#26412;&#21327;&#35758;&#65292;&#33258;&#19978;&#36848;&#26085;&#26399;&#36215;&#29983;&#25928;&#65292;&#20197;&#26157;&#20449;&#23432;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">CES:</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&#20013;&#33021;&#20648;&#65306;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">China Energy Storage Industry Co.,&nbsp;Ltd.</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&#20013;&#33021;&#20648;&#23454;&#19994;&#26377;&#38480;&#20844;&#21496;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt; width: 50%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; width: 5%; vertical-align: top"><FONT STYLE="font-size: 10pt">By:<B>&nbsp;</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 45%"><FONT STYLE="font-size: 10pt">/s/ Zeshuai Han</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; vertical-align: top"><FONT STYLE="font-size: 10pt">&#30001;&#65306;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">/s/ &#38889;&#27901;&#24069;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; vertical-align: top"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Zeshuai Han</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; vertical-align: top"><FONT STYLE="font-size: 10pt">&#22995;&#21517;&#65306;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&#38889;&#27901;&#24069;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; vertical-align: top"><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Executive Director</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; vertical-align: top"><FONT STYLE="font-size: 10pt">&#32844;&#21153;&#65306;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&#25191;&#34892;&#33891;&#20107;</FONT></TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">SIGNATURE PAGE TO<BR>
COOPERATION AGREEMENT</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 20 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">IN
WITNESS WHEREOF, the undersigned has duly</FONT> <FONT STYLE="font-size: 10pt">executed and delivered this Agreement effective as of the
date first hereinabove set forth.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&#19979;&#21015;&#31614;&#32626;&#20154;&#24050;&#27491;&#24335;&#31614;&#32626;&#24182;&#36882;&#20132;&#26412;&#21327;&#35758;&#65292;&#33258;&#19978;&#36848;&#26085;&#26399;&#36215;&#29983;&#25928;&#65292;&#20197;&#26157;&#20449;&#23432;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">VRB CAYMAN:</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">VRB&#24320;&#26364;&#65306;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">VRB Energy Inc.</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt; width: 50%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; width: 5%; vertical-align: top"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: normal 10pt Times New Roman, Times, Serif; width: 45%"><FONT STYLE="font-size: 10pt">/s/
    Quentin Markin</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; vertical-align: top"><FONT STYLE="font-size: 10pt">&#30001;&#65306;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">/s/
    Quentin Markin</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; vertical-align: top"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Quentin Markin</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; vertical-align: top"><FONT STYLE="font-size: 10pt">&#22995;&#21517;&#65306;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Quentin Markin</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; vertical-align: top"><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Director</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; vertical-align: top"><FONT STYLE="font-size: 10pt">&#32844;&#21153;&#65306;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&#33891;&#20107;</FONT></TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">SIGNATURE PAGE TO<BR>
COOPERATION AGREEMENT</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 21 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">IN
WITNESS WHEREOF, the undersigned has duly</FONT> <FONT STYLE="font-size: 10pt">executed and delivered this Agreement effective as of the
date first hereinabove set forth.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&#19979;&#21015;&#31614;&#32626;&#20154;&#24050;&#27491;&#24335;&#31614;&#32626;&#24182;&#36882;&#20132;&#26412;&#21327;&#35758;&#65292;&#33258;&#19978;&#36848;&#26085;&#26399;&#36215;&#29983;&#25928;&#65292;&#20197;&#26157;&#20449;&#23432;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">VRB CHINA:</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">VRB&#20013;&#22269;&#65306;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">VRB Energy System (Beijing) Co.,&nbsp;Ltd.</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&#26222;&#33021;&#65288;&#21271;&#20140;&#65289;&#33021;&#28304;&#31185;&#25216;&#26377;&#38480;&#20844;&#21496;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt; width: 50%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; width: 5%; vertical-align: top"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: normal 10pt Times New Roman, Times, Serif; width: 45%"><FONT STYLE="font-size: 10pt">/s/ Yanbao Li</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top"><FONT STYLE="font-size: 10pt">&#30001;&#65306;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">/s/ &#26446;&#33395;&#20445;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Yanbao Li</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top"><FONT STYLE="font-size: 10pt">&#22995;&#21517;&#65306;&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&#26446;&#33395;&#20445;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top"><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Legal Representative</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top"><FONT STYLE="font-size: 10pt">&#32844;&#21153;&#65306;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&#27861;&#23450;&#20195;&#34920;&#20154;</FONT></TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">SIGNATURE PAGE TO<BR>
COOPERATION AGREEMENT</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 22 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">IN
WITNESS WHEREOF, the undersigned has duly</FONT> <FONT STYLE="font-size: 10pt">executed and delivered this Agreement effective as of the
date first hereinabove set forth.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&#19979;&#21015;&#31614;&#32626;&#20154;&#24050;&#27491;&#24335;&#31614;&#32626;&#24182;&#36882;&#20132;&#26412;&#21327;&#35758;&#65292;&#33258;&#19978;&#36848;&#26085;&#26399;&#36215;&#29983;&#25928;&#65292;&#20197;&#26157;&#20449;&#23432;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">VRB USA:</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">VRB&#32654;&#22269;&#65306;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">VRB Energy USA,&nbsp;Inc.</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt; width: 50%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; width: 5%; vertical-align: top"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 45%"><FONT STYLE="font-size: 10pt">/s/ Taylor Melvin</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; vertical-align: top"><FONT STYLE="font-size: 10pt">&#30001;&#65306;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">/s/ Taylor Melvin</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; vertical-align: top"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Taylor Melvin</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; vertical-align: top"><FONT STYLE="font-size: 10pt">&#22995;&#21517;&#65306;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Taylor Melvin</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; vertical-align: top"><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Director</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; vertical-align: top"><FONT STYLE="font-size: 10pt">&#32844;&#21153;&#65306;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&#33891;&#20107;</FONT></TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">SIGNATURE PAGE TO<BR>
COOPERATION AGREEMENT</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B><U>Schedule I<BR>
 &#38468;&#34920;&#19968;</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>VRB
China and VRB Cayman/USA Areas<BR>
VRB&#20013;&#22269;&#21644;</B></FONT><B><FONT STYLE="font-size: 10pt">VRB<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24320;&#26364;</FONT>/<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#21306;&#22495;</FONT></FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B><U>VRB China Areas:<BR>
VRB&#20013;&#22269;&#21306;&#22495;&#65306;</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Asia (including
Chinese Mainland, Honk Kong SRA, and Taiwan Region,&nbsp;India, Japan, South Korea, Philippines, Vietnam, Thailand,&nbsp;Indonesia, Russia,
Mongolia, Brunei Darussalam, <FONT STYLE="background-color: white">Krygyzstan, Belarus, </FONT>Armenia, Azerbaijan, Georgia<FONT STYLE="background-color: white">,
Cambodia, Democratic People&rsquo;s Republic of Korea, Kazakhstan, Laos, Sri Lanka, Malaysia, Oman, </FONT>Singapore, Syrian Arab Republic,
Tajikistan, Turkmenistan, Uzbekistan, Vietnam)</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&#20122;&#27954;&#65288;&#21253;&#25324;&#20013;&#22269;&#22823;&#38470;&#12289;&#39321;&#28207;&#29305;&#21035;&#34892;&#25919;&#21306;&#21644;&#21488;&#28286;&#30465;&#22320;&#21306;&#12289;&#21360;&#24230;&#12289;&#26085;&#26412;&#12289;&#38889;&#22269;&#12289;&#33778;&#24459;&#23486;&#12289;&#36234;&#21335;&#12289;&#21488;&#28286;&#12289;&#27888;&#22269;&#12289;&#21360;&#24230;&#23612;&#35199;&#20122;&#12289;&#20420;&#32599;&#26031;&#12289;&#33945;&#21476;&#12289;&#25991;&#33713;&#36798;&#40065;&#33832;&#20848;&#22269;&#12289;&#21513;&#23572;&#21513;&#26031;&#26031;&#22374;&#12289;&#30333;&#20420;&#32599;&#26031;&#12289;&#20122;&#32654;&#23612;&#20122;&#12289;&#38463;&#22622;&#25308;&#30086;&#12289;&#26684;&#40065;&#21513;&#20122;&#12289;&#26604;&#22484;&#23528;&#12289;&#26397;&#40092;&#27665;&#20027;&#20027;&#20041;&#20154;&#27665;&#20849;&#21644;&#22269;&#12289;&#21704;&#33832;&#20811;&#26031;&#22374;&#12289;&#32769;&#25373;&#12289;&#26031;&#37324;&#20848;&#21345;&#12289;&#39532;&#26469;&#35199;&#20122;&#12289;&#38463;&#26364;&#12289;&#26032;&#21152;&#22369;&#12289;&#38463;&#25289;&#20271;&#21465;&#21033;&#20122;&#20849;&#21644;&#22269;&#12289;&#22612;&#21513;&#20811;&#26031;&#22374;&#12289;&#22303;&#24211;&#26364;&#26031;&#22374;&#12289;&#20044;&#20857;&#21035;&#20811;&#26031;&#22374;&#12289;&#36234;&#21335;&#65289;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Middle East (including
Saudi Arabia, Abu Dhabi, Dubai, Qatar, Bahrain, United Arab Emirates,&nbsp;Iraq,&nbsp;Iran, Jordan, Kuwait)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&#20013;&#19996;&#65288;&#21253;&#25324;&#27801;&#29305;&#38463;&#25289;&#20271;&#12289;&#38463;&#24067;&#25166;&#27604;&#12289;&#36842;&#25308;&#12289;&#21345;&#22612;&#23572;&#12289;&#24052;&#26519;&#12289;&#38463;&#25289;&#20271;&#32852;&#21512;&#37195;&#38271;&#22269;&#12289;&#20234;&#25289;&#20811;&#12289;&#20234;&#26391;&#12289;&#32422;&#26086;&#12289;&#31185;&#23041;&#29305;&#65289;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Africa (including
South Africa, Nigeria, Angola, DRC, Egypt, Burkina Faso, Benin, Botswana, Congo, Central Africa Republic, C&ocirc;te d&rsquo;Ivoire,
<FONT STYLE="background-color: white">Cameroon, Cabo Verde, Djibouti, Algeria, Gabon, Ghana, Gambia, Guinea, Equatorial Guinea, Guinea-Bissau,
Kenya, Comoros, Liberia, Lesotho, Libya, Morocco, </FONT>Madagascar<FONT STYLE="background-color: white">, Mali, Mauritania, Mauritius,
Malawi, </FONT>Mozambique, Namibia, Niger, Rwanda, Seychelles, Sudan, Sierra Leone, Senegal, Sao Tome and Principe, Eswatini, Chad, Togo,
Tunisia, United Republic of Tanzania, Uganda, Zambia, Zimbabwe)</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&#38750;&#27954;&#65288;&#21253;&#25324;&#21335;&#38750;&#12289;&#23612;&#26085;&#21033;&#20122;&#12289;&#23433;&#21733;&#25289;&#12289;&#21018;&#26524;&#27665;&#20027;&#20849;&#21644;&#22269;&#12289;&#22467;&#21450;&#12289;&#24067;&#22522;&#32435;&#27861;&#32034;&#12289;&#36125;&#23425;&#12289;&#21338;&#33576;&#29926;&#32435;&#12289;&#21018;&#26524;&#12289;&#20013;&#38750;&#20849;&#21644;&#22269;&#12289;&#31185;&#29305;&#36842;&#29926;&#12289;&#21888;&#40614;&#38534;&#12289;&#20315;&#24471;&#35282;&#12289;&#21513;&#24067;&#25552;&#12289;&#38463;&#23572;&#21450;&#21033;&#20122;&#12289;&#21152;&#34028;&#12289;&#21152;&#32435;&#12289;&#20872;&#27604;&#20122;&#12289;&#20960;&#20869;&#20122;&#12289;&#36196;&#36947;&#20960;&#20869;&#20122;&#12289;&#20960;&#20869;&#20122;&#27604;&#32461;&#12289;&#32943;&#23612;&#20122;&#12289;&#31185;&#25705;&#32599;&#12289;&#21033;&#27604;&#37324;&#20122;&#12289;&#33713;&#32034;&#25176;&#12289;&#21033;&#27604;&#20122;&#12289;&#25705;&#27931;&#21733;&#12289;&#39532;&#36798;&#21152;&#26031;&#21152;&#12289;&#39532;&#37324;&#12289;&#27611;&#37324;&#22612;&#23612;&#20122;&#12289;&#27611;&#37324;&#27714;&#26031;&#12289;&#39532;&#25289;&#32500;&#12289;&#33707;&#26705;&#27604;&#20811;&#12289;&#32435;&#31859;&#27604;&#20122;&#12289;&#23612;&#26085;&#23572;&#12289;&#21346;&#26106;&#36798;&#12289;&#22622;&#33292;&#23572;&#12289;&#33487;&#20025;&#12289;&#22622;&#25289;&#21033;&#26114;&#12289;&#22622;&#20869;&#21152;&#23572;&#12289;&#22307;&#22810;&#32654;&#21644;&#26222;&#26519;&#35199;&#27604;&#12289;&#26031;&#23041;&#22763;&#20848;&#12289;&#20045;&#24471;&#12289;&#22810;&#21733;&#12289;&#31361;&#23612;&#26031;&#12289;&#22374;&#26705;&#23612;&#20122;&#32852;&#21512;&#20849;&#21644;&#22269;&#12289;&#20044;&#24178;&#36798;&#12289;&#36190;&#27604;&#20122;&#12289;&#27941;&#24052;&#24067;&#38886;&#65289;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>VRB
Cayman/USA Areas:<BR>
VRB&#24320;&#26364;&#32676;&#23707;</U></B></FONT><B><U><FONT STYLE="font-size: 10pt">/<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#21306;&#22495;&#65306;</FONT></FONT></U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">North America (including USA, Canada,
Mexico)</FONT>&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&#21271;&#32654;&#65288;&#21253;&#25324;&#32654;&#22269;&#12289;&#21152;&#25343;&#22823;&#12289;&#22696;&#35199;&#21733;&#65289;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Oceana (Australia, New Zealand, Papua
New Guinea, Samoa)</FONT>&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&#22823;&#27915;&#27954;&#65288;&#28595;&#22823;&#21033;&#20122;&#12289;&#26032;&#35199;&#20848;&#12289;&#24052;&#24067;&#20122;&#26032;&#20960;&#20869;&#20122;&#12289;&#33832;&#25705;&#20122;&#65289;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 24 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">South America (including
Chile, Brazil, Colombia, Ecuador, Peru, )</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&#21335;&#32654;&#27954;&#65288;&#21253;&#25324;&#26234;&#21033;&#12289;&#24052;&#35199;&#12289;&#21733;&#20262;&#27604;&#20122;&#12289;&#21380;&#29916;&#22810;&#23572;&#12289;&#31192;&#40065;&#65289;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Europe (including
Albania, Austria, Belgium, Switzerland, Cyprus, Czechia, Denmark, UK, France, Germany, Estonia, Spain, Finland,&nbsp;Italy, Greece, Croatia,
Hungary,&nbsp;Ireland,&nbsp;Iceland, Liechtenstein, Lithuania, Luxembourg, Latvia, Monaco, Moldova, Montenegro, North Macedonia, Malta,
Netherlands, Norway, Poland, Portugal, Romania, Serbia, Sweden, Slovenia, Slovakia, San Marino, <FONT STYLE="background-color: white">T&uuml;rkiye,
</FONT>Ukraine)</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&#27431;&#27954;&#65288;&#21253;&#25324;&#38463;&#23572;&#24052;&#23612;&#20122;&#12289;&#22885;&#22320;&#21033;&#12289;&#27604;&#21033;&#26102;&#12289;&#29790;&#22763;&#12289;&#22622;&#28006;&#36335;&#26031;&#12289;&#25463;&#20811;&#12289;&#20025;&#40614;&#12289;&#33521;&#22269;&#12289;&#27861;&#22269;&#12289;&#24503;&#22269;&#12289;&#29233;&#27801;&#23612;&#20122;&#12289;&#35199;&#29677;&#29273;&#12289;&#33452;&#20848;&#12289;&#24847;&#22823;&#21033;&#12289;&#24076;&#33098;&#12289;&#20811;&#32599;&#22320;&#20122;&#12289;&#21256;&#29273;&#21033;&#12289;&#29233;&#23572;&#20848;&#12289;&#20912;&#23707;&#12289;&#21015;&#25903;&#25958;&#22763;&#30331;&#12289;&#31435;&#38518;&#23451;&#12289;&#21346;&#26862;&#22561;&#12289;&#25289;&#33073;&#32500;&#20122;&#12289;&#25705;&#32435;&#21733;&#12289;&#25705;&#23572;&#22810;&#29926;&#12289;&#40657;&#23665;&#12289;&#21271;&#39532;&#20854;&#39039;&#12289;&#39532;&#32819;&#20182;&#12289;&#33655;&#20848;&#12289;&#25386;&#23041;&#12289;&#27874;&#20848;&#12289;&#33889;&#33796;&#29273;&#12289;&#32599;&#39532;&#23612;&#20122;&#12289;&#22622;&#23572;&#32500;&#20122;&#12289;&#29790;&#20856;&#12289;&#26031;&#27931;&#25991;&#23612;&#20122;&#12289;&#26031;&#27931;&#20240;&#20811;&#12289;&#22307;&#39532;&#21147;&#35834;&#12289;&#22303;&#32819;&#20854;&#12289;&#20044;&#20811;&#20848;&#65289;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Israel&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&#20197;&#33394;&#21015;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Central America
(including Belize, Costa Rica, Guatemala, Honduras, Nicaragua, Panama, El Salvador)</FONT>&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&#20013;&#32654;&#27954;&#65288;&#21253;&#25324;&#20271;&#21033;&#20857;&#12289;&#21733;&#26031;&#36798;&#40654;&#21152;&#12289;&#21361;&#22320;&#39532;&#25289;&#12289;&#27946;&#37117;&#25289;&#26031;&#12289;&#23612;&#21152;&#25289;&#29916;&#12289;&#24052;&#25343;&#39532;&#12289;&#33832;&#23572;&#29926;&#22810;&#65289;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Caribbean (including
Antigua and Barbuda, Barbados, Cuba, Dominica, Dominican Republic, Grenada, Jamaica, Saint Kitts and Nevis, Saint Lucia, Trinidad and
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<TYPE>EX-99.1
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<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="margin: 0; text-align: right"><FONT STYLE="font-size: 10pt"><B>Exhibit 99.1</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">October&nbsp;15, 2024</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>Ivanhoe Electric&rsquo;s
VRB Energy Subsidiary and Red Sun Sign Definitive Agreements for Formation of New Grid Scale Battery Joint Venture</B></FONT></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><IMG SRC="tm2426116d1_ex99-1img002.jpg" ALT=""></FONT></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>Ivanhoe Electric
to Allocate $20 million of Transaction Proceeds to Establish US-Domiciled Vanadium Redox Flow Battery Business</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>PHOENIX, ARIZONA &ndash; Ivanhoe
Electric Inc. (&ldquo;Ivanhoe Electric&rdquo;) (NYSE American: IE; TSX: IE) Executive Chairman Robert Friedland and President and
Chief Executive Officer Taylor Melvin are pleased to announce today the signing of Definitive Agreements (the
 &ldquo;Agreements&rdquo;) between the Company&rsquo;s 90%-owned subsidiary, VRB Energy Inc. (&ldquo;VRB Energy&rdquo;), a subsidiary
of privately held Shanxi Red Sun Co.,&nbsp;Ltd. &nbsp;(&ldquo;Red Sun&rdquo;), and certain other affiliates, finalizing the terms of
the transaction announced on September&nbsp;23, 2024 (refer to <U>Ivanhoe Electric&rsquo;s September&nbsp;23, 2024 news
release</U>).</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>The Joint Venture, which will
receive a $35 million capital increase from Red Sun, is being formed to expand manufacturing and sales of vanadium redox flow
battery systems. In addition to the formation of the Joint
Venture,&nbsp;Ivanhoe Electric and VRB Energy, using $20 million of the transaction proceeds, will establish a separate United
States-based vanadium redox battery business, to be located in Arizona.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>Mr.&nbsp;Melvin commented: &ldquo;Today&rsquo;s&nbsp;signing
of the definitive&nbsp;agreements&nbsp;between our VRB Energy subsidiary&nbsp;and Red Sun&nbsp;allows Ivanhoe Electric to&nbsp;retain
exposure to  growing grid-scale battery markets through&nbsp;the creation of our Joint Venture.
This transaction also provides us with $20 million that we will invest in the establishment of a&nbsp;domestic battery assembly facility
in Arizona, capable of producing 50 megawatts per year of VRB-ESS&reg; vanadium flow batteries.&rdquo;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>The agreements were signed on October&nbsp;15,
2024. The establishment of the 51% / 49% joint venture is expected to occur by the end of the month, pending certain other conditions
precedent, with several post-transfer matters to be subsequently completed following certain Chinese regulatory filings. Ivanhoe Electric
has completed an 8-K filing of the Agreement with the U.S. Securities and Exchange Commission.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>About Red Sun</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>Shanxi Red Sun Co., Ltd (&ldquo;Red
Sun&rdquo;) is a prominent Asian investment firm specializing in new energy and advanced technologies, with several publicly listed companies
under its umbrella. Red Sun's diverse portfolio spans industries such as new energy, new materials, high-end manufacturing, advanced
equipment, biopharmaceuticals, modern agriculture, and cultural communication. Guided by a philosophy of sustained financial backing,
comprehensive resource allocation, and targeted industrial development, Red Sun has recently expanded its focus to include mineral resources,
critical materials, and key technologies in the energy storage supply chain. Moving forward, the group is committed to deepening its
investments in new energy storage, positioning itself as a future leader in this rapidly growing sector.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>About VRB Energy</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>VRB Energy is a clean technology
innovator that has commercialized the largest vanadium flow battery on the market, the VRB-ESS&reg;, certified to UL1973 product safety
standards. VRB-ESS&reg; is best suited for solar photovoltaic integration onto utility grids and industrial sites, as well as backup
for electric vehicle charging stations.&nbsp;Vanadium flow battery systems are ideally suited to stabilize isolated microgrids, integrating
solar and wind power in a safe, reliable, low-maintenance, and environmentally friendly manner. VRB Energy grid-scale energy storage
systems allow for flexible, long-duration energy with proven high performance. VRB Energy is a subsidiary of&nbsp;<U>Ivanhoe Electric</U>.
Website:&nbsp;<U>www.vrbenergy.com</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>About Ivanhoe Electric</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>We are a U.S. company that combines
advanced mineral exploration technologies with electric metals exploration projects predominantly located in the United States. We use
our accurate and powerful Typhoon&trade; geophysical surveying system, together with advanced data analytics provided by our subsidiary,
Computational Geosciences Inc., to accelerate and de-risk the mineral exploration process as we seek to discover new deposits of critical
metals that may otherwise be undetectable by traditional exploration technologies. We believe the United States is significantly underexplored
and has the potential to yield major new discoveries of critical metals. Our mineral exploration efforts focus on copper as well as other
metals including nickel, vanadium, cobalt, platinum group elements, gold and silver. Through the advancement of our portfolio of electric
metals exploration projects, headlined by the Santa Cruz Copper Project in Arizona and the Tintic Copper-Gold Project in Utah, as well
as other exploration projects in the United States, we intend to support United States supply chain independence by finding and delivering
the critical metals necessary for the electrification of the economy. We also operate a 50/50 joint venture with Saudi Arabian Mining
Company Ma&rsquo;aden to explore for minerals on ~48,500 km<SUP>2</SUP> of underexplored Arabian Shield in the Kingdom of Saudi Arabia.
Website: <U>www.ivanhoeelectric.com</U>.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>Contact Information</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>Mike Patterson</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>Vice President,&nbsp;Investor Relations
and Business Development</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>Email: <U>mike@ivnelectric.com</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>Phone: 1-480-601-7878</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; width: 9%; vertical-align: bottom">Follow us on</TD>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>Ivanhoe Electric&rsquo;s Executive
Chairman Robert Friedland: <U>@robert_ivanhoe</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>Ivanhoe Electric: <U>@ivanhoeelectric</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Ivanhoe Electric&rsquo;s investor relations
website located at <U>www.ivanhoeelectric.com</U> should be considered Ivanhoe Electric&rsquo;s recognized distribution channel for purposes
of the Securities and Exchange Commission&rsquo;s Regulation FD.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>Forward-Looking Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Certain statements in this news release
constitute &ldquo;forward-looking statements&rdquo; or &ldquo;forward-looking information&rdquo; within the meaning of applicable U.S.
and Canadian securities laws. Such statements and information involve known and unknown risks, uncertainties and other factors that may
cause the actual results, performance or achievements of Ivanhoe Electric, its projects, or industry results, to be materially different
from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements
can be identified by the use of words such as &ldquo;may&rdquo;, &ldquo;would&rdquo;, &ldquo;could&rdquo;, &ldquo;will&rdquo;, &ldquo;intend&rdquo;,
 &ldquo;expect&rdquo;, &ldquo;believe&rdquo;, &ldquo;plan&rdquo;, &ldquo;anticipate&rdquo;, &ldquo;estimate&rdquo;, &ldquo;scheduled&rdquo;,
 &ldquo;forecast&rdquo;, &ldquo;predict&rdquo; and other similar terminology, or state that certain actions, events or results &ldquo;may&rdquo;,
 &ldquo;could&rdquo;, &ldquo;would&rdquo;, &ldquo;might&rdquo; or &ldquo;will&rdquo; be taken, occur or be achieved. These statements
reflect Ivanhoe Electric&rsquo;s current expectations regarding future events, performance and results and speak only as of the date
of this news release.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Such statements in this news release
include, without limitation statements regarding the establishment of the Joint Venture by the end of the month, the successful completion
of conditions precedent to closing, the successful completion of post-transfer matters following Chinese regulatory filings, the success
of the businesses of the Joint Venture, the capital contributions of Red Sun toward the Joint Venture, the establishment, success and
funding of a vanadium redox battery manufacturing business located in the Arizona, and other planned or potential developments in the
businesses of Ivanhoe Electric.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Forward-looking statements are based
on management&rsquo;s beliefs and assumptions and on information currently available to management. Such statements are subject to significant
risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due
to various factors, including any inability to negotiate and sign mutually agreeable definitive agreements; any inability to satisfy
all applicable closing conditions; changes in the prices of copper or other metals Ivanhoe Electric is exploring for; the results of
exploration and drilling activities and/or the failure of exploration programs or studies to deliver anticipated results or results that
would justify and support continued exploration, studies, development or operations; the final assessment of exploration results and
information that is preliminary; the significant risk and hazards associated with any future mining operations, extensive regulation
by the U.S. government as well as local governments; changes in laws, rules&nbsp;or regulations, or their enforcement by applicable authorities;
the failure of parties to contracts with Ivanhoe Electric to perform as agreed; and the impact of political, economic and other uncertainties
associated with operating in foreign countries, and the impact of the COVID-19 pandemic and the global economy. These factors should
not be construed as exhaustive and should be read in conjunction with the other cautionary statements and risk factors described in Ivanhoe
Electric&rsquo;s Annual Report on Form&nbsp;10-K and other filings with the U.S. Securities and Exchange Commission at www.sec.gov.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">No assurance can be given that such
future results will be achieved. Forward-looking statements speak only as of the date of this news release. Ivanhoe Electric cautions
you not to place undue reliance on these forward-looking statements. Subject to applicable securities laws,&nbsp;Ivanhoe Electric does
not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring
after the date of this news release, and Ivanhoe Electric expressly disclaims any requirement to do so.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<TYPE>EX-101.LAB
<SEQUENCE>7
<FILENAME>ie-20241015_lab.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION LABEL LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" standalone="no"?>
    <!-- Field: Doc-Info; Name: Generator; Value: GoFiler Complete; Version: 5.24a -->
    <!-- Field: Doc-Info; Name: VendorURI; Value: https://www.novaworks.com -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
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    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel" roleURI="http://www.xbrl.org/2009/role/negatedNetLabel" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentType_lbl" xml:lang="en-US">Document Type</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentRegistrationStatement" xlink:to="dei_DocumentRegistrationStatement_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentRegistrationStatement_lbl" xml:lang="en-US">Document Registration Statement</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentAnnualReport" xlink:to="dei_DocumentAnnualReport_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentAnnualReport_lbl" xml:lang="en-US">Document Annual Report</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentQuarterlyReport" xlink:label="dei_DocumentQuarterlyReport" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentQuarterlyReport" xlink:to="dei_DocumentQuarterlyReport_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentQuarterlyReport_lbl" xml:lang="en-US">Document Quarterly Report</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentTransitionReport" xlink:label="dei_DocumentTransitionReport" />
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      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentShellCompanyReport" xlink:label="dei_DocumentShellCompanyReport" />
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      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentShellCompanyEventDate" xlink:label="dei_DocumentShellCompanyEventDate" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentPeriodStartDate_lbl" xml:lang="en-US">Document Period Start Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentPeriodEndDate" xlink:label="dei_DocumentPeriodEndDate" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentPeriodEndDate_lbl" xml:lang="en-US">Document Period End Date</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalPeriodFocus" xlink:to="dei_DocumentFiscalPeriodFocus_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentFiscalPeriodFocus_lbl" xml:lang="en-US">Document Fiscal Period Focus</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentFiscalYearFocus" xlink:label="dei_DocumentFiscalYearFocus" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalYearFocus" xlink:to="dei_DocumentFiscalYearFocus_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentFiscalYearFocus_lbl" xml:lang="en-US">Document Fiscal Year Focus</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_CurrentFiscalYearEndDate" xlink:label="dei_CurrentFiscalYearEndDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CurrentFiscalYearEndDate" xlink:to="dei_CurrentFiscalYearEndDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CurrentFiscalYearEndDate_lbl" xml:lang="en-US">Current Fiscal Year End Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityFileNumber" xlink:label="dei_EntityFileNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFileNumber" xlink:to="dei_EntityFileNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityFileNumber_lbl" xml:lang="en-US">Entity File Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityRegistrantName" xlink:label="dei_EntityRegistrantName" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityRegistrantName" xlink:to="dei_EntityRegistrantName_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityRegistrantName_lbl" xml:lang="en-US">Entity Registrant Name</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityCentralIndexKey" xlink:label="dei_EntityCentralIndexKey" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCentralIndexKey" xlink:to="dei_EntityCentralIndexKey_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCentralIndexKey_lbl" xml:lang="en-US">Entity Central Index Key</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityPrimarySicNumber" xlink:label="dei_EntityPrimarySicNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityPrimarySicNumber" xlink:to="dei_EntityPrimarySicNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityPrimarySicNumber_lbl" xml:lang="en-US">Entity Primary SIC Number</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityTaxIdentificationNumber_lbl" xml:lang="en-US">Entity Tax Identification Number</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityIncorporationStateCountryCode_lbl" xml:lang="en-US">Entity Incorporation, State or Country Code</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressAddressLine1_lbl" xml:lang="en-US">Entity Address, Address Line One</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressAddressLine3_lbl" xml:lang="en-US">Entity Address, Address Line Three</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressCityOrTown_lbl" xml:lang="en-US">Entity Address, City or Town</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CountryRegion_lbl" xml:lang="en-US">Country Region</link:label>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>8
<FILENAME>ie-20241015_pre.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE
<TEXT>
<XBRL>
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<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
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</head>
<body>
<span style="display: none;">v3.24.3</span><table class="report" border="0" cellspacing="2" id="idm45266504892928">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Cover<br></strong></div></th>
<th class="th"><div>Oct. 15, 2024</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CoverAbstract', window );"><strong>Cover [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">8-K<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">Oct. 15,  2024<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityFileNumber', window );">Entity File Number</a></td>
<td class="text">001-41436<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">IVANHOE
ELECTRIC&#160;INC.<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0001879016<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityTaxIdentificationNumber', window );">Entity Tax Identification Number</a></td>
<td class="text">32-0633823<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityIncorporationStateCountryCode', window );">Entity Incorporation, State or Country Code</a></td>
<td class="text">DE<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressAddressLine1', window );">Entity Address, Address Line One</a></td>
<td class="text">450
E Rio Salado Parkway, Suite 130<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressCityOrTown', window );">Entity Address, City or Town</a></td>
<td class="text">Tempe<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressStateOrProvince', window );">Entity Address, State or Province</a></td>
<td class="text">AZ<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressPostalZipCode', window );">Entity Address, Postal Zip Code</a></td>
<td class="text">85281<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CityAreaCode', window );">City Area Code</a></td>
<td class="text">480<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_LocalPhoneNumber', window );">Local Phone Number</a></td>
<td class="text">656-5821<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_WrittenCommunications', window );">Written Communications</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SolicitingMaterial', window );">Soliciting Material</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementTenderOffer', window );">Pre-commencement Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementIssuerTenderOffer', window );">Pre-commencement Issuer Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">Common
    Stock, par value $0.0001 per share<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">IE<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityEmergingGrowthCompany', window );">Entity Emerging Growth Company</a></td>
<td class="text">false<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CityAreaCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Area code of city</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CityAreaCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CoverAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Cover page.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CoverAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period.  The format of the date is YYYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Address Line 1 such as Attn, Building Name, Street Name</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressCityOrTown">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the City or Town</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressCityOrTown</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressPostalZipCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Code for the postal or zip code</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressPostalZipCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressStateOrProvince">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the state or province.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressStateOrProvince</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:stateOrProvinceItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityEmergingGrowthCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicate if registrant meets the emerging growth company criteria.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityEmergingGrowthCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFileNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFileNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fileNumberItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityIncorporationStateCountryCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Two-character EDGAR code representing the state or country of incorporation.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityIncorporationStateCountryCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarStateCountryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityTaxIdentificationNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityTaxIdentificationNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:employerIdItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LocalPhoneNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Local phone number for entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LocalPhoneNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementIssuerTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 13e<br> -Subsection 4c<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementIssuerTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 14d<br> -Subsection 2b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementTenderOffer</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Title of a 12(b) registered security.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_Security12bTitle</td>
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<td><strong> Balance Type:</strong></td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the Exchange on which a security is registered.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection d1-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SecurityExchangeName</td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Section 14a<br> -Number 240<br> -Subsection 12<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SolicitingMaterial</td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Trading symbol of an instrument as listed on an exchange.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Securities Act<br> -Number 230<br> -Section 425<br></p></div>
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