Supplementary Agreement (III) to Capital Increase Agreement of Yipeng Energy Technology Co. Ltd.

Exhibit 10.1(c)

Supplementary Agreement (III) to
Capital Increase Agreement of Yipeng Energy Technology Co. Ltd.

Party A (Current Investor):  Huizhou Highpower Technology Co. Ltd.

Address:  Xinhu Industrial Development Area, Ma’an Town, Huicheng District, Huizhou City, Guangdong Province

Legal Representative:  Pan Dangyu

Party B (Founding Team):  (the members are hereinafter referred to collectively as “Party B”)

Name:  Shenzhen Jinpenglong Traffic Technology Co. Ltd.

Address:  East 6H18, 6/F, Shenhua Technology Industrial Park, Meihua Road, Futian District, Shenzhen

Legal Representative:  Xx Xxxx

Organization Code Certificate No.:  69712844-1

Name: Xx Xxxx

Address:  No. 25, 2nd Door, Xxxx. 00, Xx. X0, Xxxxxx Xxxxxx, Xxxxxxx Xxxxxxxx, Xxxxxxx

Name:  Shu Jianqin

Address:  Fangjiaju Street, Fangjiaju Villiage, Yingshan County, Hubei Province

Party C (Investors):  (the members are hereinafter referred to collectively as “Party C”)

Name:  Beijing Defengjie Fuhua Venture Investment Fund Management Center (limited partnership)

Address:  Xxxx 00, 0/X, Xxxx. 00, Xx. 00, Xxxxxx Xxxxx Xxxxxx, Xxxxxxx Xxxxxxxx, Xxxxxxx

Unified Social Credit Code:  91110108318078553P

Name:  Qu Jingdong

Address:  Xx. 000, 0xx Xxxx, Xxxx. 00, Xxxxxxx Digital Park, An’ning Zhuang, Haidian District, Beijing

Name:  Xxxx Xxxxxx

Address:  Zhongguancun South Street, Haidian District, Beijing

Party D:  Huizhou Yipeng Energy Technology (“Party D” or “the Target Company”)

Address:  (Workshop Building B1) Xx. 0, Xxxxxxx Xxxx, Xx’an Town, Huicheng District, Huizhou

Legal Representative:  Xx Xxxx

Party A, Party B, Party C and Party D are hereinafter referred to collectively as “the Parties” and individually as “one Party”.

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Whereas:

The Parties made and entered into the “Capital Increase Agreement of Yipeng Energy Technology Co. Ltd.” (hereinafter referred to as the Capital Increase Agreement) on June 30, under which Party A shall increase capital investment to Party D, and Party B and Party C are Party D’s shareholders.

IN WITNESS WHEREOF, the Parties agree as follows:

Article 1:  With the unanimous agreement of all parties, the closing date of first phase investment (power battery equipment with around 00 Xxxxxxx XXX value, which will subject to actual amount, and 15 Million RMB in cash) will be changed from August 5th to August 10th.

Article 2:  In case of any discrepancy between a document and/or an agreement signed by the Parties and this Agreement prior to signature of this Agreement, this Agreement shall prevail. The Parties have the obligation to amend the document and/or agreement signed to ensure consistency with this Agreement. In case of matters concerned in an agreement signed by the Parties and provided herein, this Agreement shall prevail. All clauses in conflict with the stipulations of this Agreement shall be invalid.

Article 3:  All aspects of this Agreement shall be governed by laws of the People’s Republic of China.

Article 4:  A dispute arising from the execution of this Agreement may be submitted by one Party to Huizhou Arbitration Committee for arbitration according to the current effective arbitration rules of the Committee. Arbitration shall be made in Chinese in Huizhou. The arbitral award shall be final and binding upon the Parties.

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Party A:  Huizhou Highpower Technology Co. Ltd. (Seal)

Legal Representative/Authorized Representative:  (Signature):  /s/ Pan Dangyu

Party B:  (the following members are hereinafter referred to collectively as “Party B”)

Name:  Shenzhen Jinpenglong Traffic Technology Co. Ltd. (Seal)

Legal Representative/Authorized Representative: (Signature):  /s/ Xx Xxxx

Name:  Xx Xxxx       Signature:  /s/ Xx Xxxx

Name:  Shu Jianqin    Signature:  /s/ Shu Jianqin

Party C:  (the following members are hereinafter referred to collectively as “Party C”)

Name:  Beijing Defengjie Fuhua Venture Investment Fund Management Center (limited partnership) (Seal)

Legal Representative/Authorized Representative:  (Signature):  /s/ Qu Jingdong

Name:  Qu Jingdong    Signature:  /s/ Qu Jingdong

Name:  Xxxx Xxxxxx    Signature:  /s/ Xxxx Xxxxxx

Party D:  Huizhou Yipeng Energy Technology Co. Ltd. (Seal)

Legal Representative/Authorized Representative:  (Signature):  /s/ Xx Xxxx

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