Exhibit
4.19





 


	 	Bank
    of 

    Xiamen
	 	Xiamen
    Bank



 


Credit
Facility Agreement


 


 


 


 


 


 


 


Grantee:
Xiamen Pop Culture Co., Ltd.


 


Grantor:
Xiamen Bank Co., Ltd.


 




     


     


    

 


In
accordance with the provisions of the Commercial Bank Law of the People's Republic of China and other relevant laws and regulations,
the two parties, on the principle of equality, voluntariness, honesty and credibility, hereby enter into this Agreement through consultation
and abide by it jointly.


 


Part
I General Provisions


 


Chapter
I General Provisions


 


Article
1 Scope and Classification of Credit Business


 


	1.1		Scope
                                            of credit business



 


The
Grantee under the Agreement may apply to the Grantor for reinsurance of working capital loans, fixed assets loans, bank acceptance bills,
letter of guarantee business, trade financing, discount guarantee of commercial acceptance bills, derivatives trading on behalf of customers
and other individual credit business (including but not limited to factoring business). The single credit business under this Agreement
includes both single credit business and line credit business.


 


		(1)	The
                                            working capital loan business under this Agreement refers to the local and foreign currency
                                            loans issued by the Grantor to the Grantee for the daily production and operation turnover
                                            of the Grantee.



 


		(2)	The
                                            fixed assets loan business under this Agreement refers to the domestic and foreign currency
                                            loans granted by the Grantor to the Grantee for the purchase of commercial real estate, machinery
                                            and equipment or new construction and renovation of factory buildings, decoration of business
                                            premises or other fixed assets investment accepted by the Grantor.



 


		(3)	The
                                            bank acceptance bill business under this Agreement refers to the bill financing that is issued
                                            by the Grantee who has opened a deposit account at the Grantor, applied to the Grantorand
                                            accepted after the Grantor’sexamination and approval, and guaranteed to pay the determined
                                            amount to the holder unconditionally on a specified date.



 


		(4)	The
                                            letter of guarantee business under the Agreement refers to the application made by the Grantee
                                            to the Grantor, and the Grantor provides joint and several guarantee for the financing, bidding
                                            and contract performance of the Grantee or its designated third party in the form of issuing
                                            bank guarantee, issuing guarantee commitment and signing guarantee contract.



 


		(5)	The
                                            term "trade financing business" as mentioned in this Agreement refers to that the
                                            Grantee applies to the Grantor, and the Grantoropens an international letter of credit (irrevocable
                                            documentary letter of credit) for the Grantee.Business, opening domestic letter of credit
                                            business, opening letter of guarantee/standby letter of credit business, packing loan business,
                                            export bill advance business, import bill advance business, import payment agency business,
                                            domestic payment agency business, export A accounts receivable financing business, seller's
                                            documentary bill on domestic letter of credit, buyer's documentary bill on domestic letters
                                            of credit and one or more of other international or domestic trade financing business.



 






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		(6)	The
                                            term "commercial acceptance guarantee discount" as mentioned in the Agreement refers
                                            to the credit business in which the Grantor promises to discount the commercial acceptance
                                            bill issued and accepted by the Grantee who meets the requirements and is held by the Discount
                                            Applicant within a certain period and limit.



 


		(7)	The
                                            term "trading of derivatives on behalf of customers" as mentioned in this Agreement
                                            refers to the business of entrusting the crediting party to trade derivatives on behalf of
                                            customers on the premise that the Grantee party voluntarily assumes risks;Derivatives refer
                                            to a financial contract, the value of which depends on one or more underlying assets or indices.
                                            The basic types of contracts include forwards, swaps, options and other structured derivatives
                                            with one or more of the above characteristics.



 


	1.2		Classification
                                            of credit business



 


		(1)	Loan
                                            financing business: working capital loan business and fixed assets loan business under the
                                            Agreement, as well as packing loan business, export bill advance business, import bill advance
                                            business, import payment agency business, domestic payment agency business, export accounts
                                            receivable financing business, domestic letter of credit seller's negotiationDomestic letter
                                            of credit, buyer's documentary bills and other businesses are hereinafter collectively referred
                                            to as loan financing business.



 


		(2)	Bank
                                            credit business: the bank acceptance business, the issuance of letters of guarantee business
                                            under this Agreement, and the issuance of international letters of credit, domestic letters
                                            of credit, issuance of letters of guarantee/standby letters of credit business in the trade
                                            financing business are hereinafter collectively referred to as bank credit business.



 


Article
2 Line of Credit


 


	2.1		The
                                            amount of credit line that the Grantor agrees to provide to the Grantee under this Agreement
                                            is detailed in Article of this Agreement. In case of multi-currency credit, the amount agreed
                                            in Article 22 of the Agreement shall be the total amount of RMB and foreign currency.



 


Article
3 Term of Use of Credit Line


 


		3.1	Refer
                                            to Article 23 of the Agreement for the use period of the credit line under the Agreement.
                                            A Grantee shall, within the term of use of the credit line, apply to the Grantor for a single
                                            line of credit business under the line. If the application exceeds the term of use of the
                                            credit line, the Grantor has the right to refuse it.



 


		3.2	Upon
                                            the expiration of the term of the credit line agreed in this Agreement, if the Grantor agrees
                                            to continue to provide the Credit Line to the Grantee through negotiation, both parties shall
                                            sign a written agreement separately.



 






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		3.3	The
                                            expiration of the term of the credit line does not affect the legal effect of this Agreement
                                            and does not constitute a cause for the termination of this Agreement. Both parties shall
                                            continue to perform the single credit business according to this Agreement and the relevant
                                            single credit documents, and the rights and obligations that have occurred shall be fulfilled.



 


Article
4 Use of Credit Line


 


	4.1		Neither
                                            this Agreement nor any agreement on the credit line in the individual credit documents under
                                            this Agreement indicates that the Grantor must actually grant credit to the Grantee in accordance
                                            with the agreed credit line, and the Grantor has the right to adjust the credit line according
                                            to the actual situation.The Grantee irrevocably agrees and confirms that: during the term
                                            of use of the credit line under the Agreement, the Grantee shall have the right to examine
                                            and approve whether to release the credit line on a case-by-case basis in accordance with
                                            the actual internal and external conditions (including but not limited to external regulatory
                                            requirements, internal credit policy of the Grantor, approval opinions, implementation of
                                            guarantee conditions or liquidity of funds of the Grantor and other factors).



 


	4.2		As
                                            of the effective date of this Agreement, based on the Credit Facility Agreement or similar
                                            agreements and their individual credit documents in effect before, the credit balance of
                                            the Grantee incurred at the Grantor shall be deemed as the credit incurred under this Agreement,
                                            and the credit line under this Agreement shall be occupied, which shall not be occupied under
                                            the circumstances stipulated in Article 4.3 of this Agreement.



 


	4.3		Unless
                                            otherwise agreed by both parties, the credit amount corresponding to the margin, deposit
                                            certificate (which must be issued at the Grantor), structured deposit financial product or
                                            structured deposit product provided by the Grantee and the third party as pledge guarantee
                                            does not occupy the credit line under this Agreement, but this part of credit is still bound
                                            by this Agreement. And the corresponding credit documents signed by them are still the individual
                                            credit documents under this Agreement and constitute an integral part of this Agreement



 


	4.4		In
                                            the event that there are Grantee joint liabilities under this Agreement, any Grantee may
                                            individually apply to the Grantor for an individual credit business under this Agreement
                                            without notice or consent of the other Grantees. The service and dispute resolution provisions
                                            of this Agreement are independent of each other and are not affected by any changes in the
                                            validity of the Agreement as a whole or any other provision; the credit balance of any Grantee
                                            incurred under this Agreement shall be included in the total credit balance under this Agreement,
                                            and all Grantees shall be jointly and severally liable for the aforesaid total credit balance.



 


Article
5 Documents to be Signed for Individual Credit Business


 


	5.1		When
                                            a Grantee applies to a Grantor for a single credit business under this agreement, it shall
                                            submit a corresponding application and/or loan to the Grantor and/or sign corresponding contracts/agreements
                                            with the Grantors (collectively referred to as individual credit documents). The above-mentioned
                                            single credit documents are all annexes to this Agreement, which constitute an integral part
                                            of this Agreement and have the same legal effect as this Agreement..



 






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	5.2		Individual
                                            credit documents shall contain all or part of the following contents, and shall not be limited
                                            thereto:



 


		(1)	The
                                            type, amount, term and purpose of the individual credit business;



 


		(2)	Loan
                                            interest rate, interest rate adjustment method and interest settlement method of single credit
                                            business;



 


		(3)	Payment
                                            method of borrowing funds for single credit business;



 


		(4)	The
                                            fees to be paid for applying for doing a single credit business and the method of payment
                                            of the fees;



 


		(5)	Repayment
                                            method of single credit business;



 


		(6)	The
                                            opening and management of the Grantee's bank account;



 


		(7)	Other
                                            contents required by the laws and regulations of the state.



 


	5.3		When
                                            the specific contents of the loan financing business under this Agreement are inconsistent
                                            in different individual credit documents, the loan financing business shall be carried out.



 


The
agreement on the loan receipt (if there is no loan receipt for the specific business of bank credit, it is the application for the specific
business, the same below) shall prevail.


 


Article
6 Premise of single credit business


 


	6.1		In
                                            conducting single credit business, a Grantee shall satisfy the following conditions according
                                            to the requirements of the Grantor:



 


		(1)	This
                                            Agreement has come into force;



 


		(2)	Reserve
                                            company documents, bills, seals, relevant personnel list and signature samples related to
                                            the signing of this Agreement and individual credit documents to the credit granting person,
                                            and fill in relevant vouchers;



 


		(3)	To
                                            open accounts necessary for performing individual credit business as required by the Grantor;



 


		(4)	If
                                            the Grantor requests to provide guarantee (including deposit), the guarantee contract shall
                                            remain valid and the statutory examination and approval, registration or filing procedures
                                            shall be completed;



 


		(5)	Submit
                                            individual credit documents and relevant credit use certification documents to the Grantor
                                            before withdrawal, and go through relevant withdrawal procedures;



 


		(6)	Other
                                            prerequisites for conducting the business as agreed in the individual credit documents;



 


		(7)	Other
                                            conditions that the Grantor considers that the Grantee should satisfy.



 


The
establishment of the above conditions does not mean that the Grantor has the obligation to lend money or provide bank credit when the
above conditions are met. However, if the above conditions are not met, the Grantor shall have the right to refuse the application of
the Grantee for withdrawal, except that the Grantor agrees to grant the loan.


 






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	6.2		The
                                            application date of the first single credit business under this Agreement shall not exceed
                                            three months after the signing date of this Agreement, otherwise the Grantor has the right
                                            to refuse to issue and cancel all the credit lines.



 


Article
7 Interest Collection and Interest Rate Adjustment (applicable to loan financing business)


 


	7.1		The
                                            loan interest rate, loan interest rate adjustment method and interest settlement method of
                                            the specific loan financing business under the Agreement shall be governed by the individual
                                            credit documents.



 


		7.1.1	(Applicable
                                            to RMB Borrowings) The interest rate for RMB borrowings under this Agreement shall be calculated
                                            based on the latest loan market quotation rate (LPR) for the corresponding term published
                                            by the National Interbank Funding Center prior to (but excluding) the actual lending date
                                            plus/minus the corresponding basis points.



 


		7.1.2	(Applicable
                                            to foreign currency loans) The interest rate of foreign currency loans under this Agreement
                                            shall be based on the latest interest rate of the corresponding term and type obtained from
                                            Reuters before 9:00 on the actual loan release date (Beijing time) plus/minus the corresponding
                                            basis points.



 


	7.2		Interest
                                            Collection



 


Unless
otherwise agreed by both parties, the interest of the loan under this Agreement shall be calculated from the date when the loan funds
are transferred to the loan collection account stipulated in the individual credit documents, and shall be calculated according to the
actual withdrawal amount and the number of days of use. The interest shall be calculated on the settlement date and included in the current
period. Interest calculation formula: interest = principal * actual days * daily interest rate. The calculation base of daily interest
rate is 360 days a year, and the conversion formula is: daily interest rate = annual interest rate / 360 (exception: daily interest rate
of Hong Kong dollar, Singapore dollar and British pound = annual interest rate / 365).


 


	7.3		types
                                            of loan interest rate adjustment methods



 


		7.3.1	The
                                            term "fixed interest rate" refers to the interest rate which is not affected by
                                            the adjustment of the statutory interest rate and the market interest rate during the debt
                                            performance period.



 


		7.3.2	Floating
                                            interest rate means that the interest rate is subject to the possible adjustment of the statutory
                                            interest rate and the market interest rate during the debt performance period, but the interest
                                            calculated in accordance with the original interest rate before the agreed adjustment date
                                            will not be readjusted.



 


		(1)	In
                                            the case that the RMB loan under the Agreement is adjusted by the floating interest rate,
                                            if it is adjusted annually, the adjustment date shall be the corresponding date after one
                                            year of the withdrawal date, and if there is no corresponding date with the withdrawal date
                                            in the adjustment month, the last day of that month shall be the corresponding date;In case
                                            of quarterly adjustment, the adjustment date shall be January 1, April 1, July 1 and October
                                            1;If the adjustment is made on a monthly basis, the adjustment date shall be the 1st day
                                            of each month.On the adjustment date, the Grantor shall determine the new loan interest rate
                                            according to the latest corresponding term loan market quotation interest rate (LPR) prior
                                            to (excluding) the adjustment date and the plus/minus point values agreed in the individual
                                            credit documents under the Agreement without further notice to the Grantee.



 






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		(2)	In
                                            the case that the foreign currency loan under this Agreement is adjusted by floating interest
                                            rate, if it is adjusted annually, the adjustment date shall be December 21 of each year;If
                                            adjusted quarterly, the adjustment date is March 21, June 21, September 21 and December 21;If
                                            the adjustment is made on a monthly basis, the adjustment date shall be the 21st day of each
                                            month. On the Adjustment Date, the Grantor shall, according to the date (Beijing Time),The
                                            latest interest rate and the same plus/minus point spread applicable to the same term and
                                            the same interest rate type as agreed in the individual credit documents under the Agreement
                                            obtained from Reuters before 9:00 shall be readjusted to determine the new borrowing interest
                                            rate without further notice to the Grantee;Or according to the latest loan interest rate
                                            of the same currency and the same term as agreed in the single credit document implemented
                                            by the Grantor, the new loan interest rate is determined without further notice to the Grantee.



 


	7.4		Penalty
                                            Interest



 


		7.4.1	If
                                            the Grantee fails to pay the principal and interest of the Loan upon maturity (including
                                            the announcement of early maturity by the Grantor), the Grantor shall have the right to the
                                            overdue interest.



 


The
overdue interest shall be calculated and collected at a floating rate of 50% over the actual loan interest rate of a single credit business
(the agent payment rate is the agent payment rate for domestic agent payment business, the same below) until the principal date on which
the Grantee pays off the loan.If the Grantee fails to use the loan fund for the agreed purpose, the Grantor shall have the right to charge
default interest on the loan amount used by the Grantee in breach of the contract according to a 100% increase of the loan interest rate
actually implemented for a single credit business from the date of default until the principal and interest date on which the Grantee
pays off the principal and interest;If the actual loan interest rate for the implementation of the agreement is adjusted according to
the agreement and the individual credit documents, the penalty interest rate shall also be adjusted accordingly. For loans that are both
overdue and misappropriated, penalty interest shall be charged according to the higher penalty interest rate.


 


		7.4.2	For
                                            the interest and default interest which cannot be paid by the Grantee on schedule, the compound
                                            interest shall be charged according to the default interest rate stipulated in Article 7.4.1
                                            of this Agreement from the overdue date.



 






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Article
8 Payment of borrowing funds (applicable to borrowing and financing business)


 


	8.1		Type
                                            of Payment Method of Borrowing Funds8.1.1 Entrusted payment by the Grantor means that the
                                            Grantor, according to the withdrawal application and payment entrustment of the Grantee,
                                            pays the borrowing funds to the Grantee's trading object which meets the agreed purpose of
                                            the single credit document through the Grantee's account.



 


		8.1.2	The
                                            Grantee pays independently, that is, after the Grantor releases the borrowing funds to the
                                            Grantee's account according to the drawing application of the Grantee, the Grantee pays independently
                                            to the trading object of the Grantee which meets the purposes agreed in the contract. After
                                            applying for withdrawal, if the conditions such as external payment and credit rating of
                                            the Grantee change, the Grantor has the right to change the payment method of borrowing funds.



 


		8.1.3	Where
                                            the payment method is changed or the amount of external payment, the payment object and the
                                            use of loan are changed under the entrusted payment method, the Grantee shall provide the
                                            Grantor with a written explanation of the change application, re-apply for withdrawal and
                                            submit relevant transaction materials evidencing the use of funds.



 


	8.2	Payment
                                            standard of borrowing funds



 


When
the amount of single payment for working capital loan business and trade financing business under this Agreement exceeds RMB 10 million,
the entrusted payment method must be adopted;When the amount of single payment for fixed assets loan business exceeds 5% of the total
investment of the project or exceeds five million RMB, the entrusted payment method must be adopted. Within the scope of the above-mentioned
entrusted payment standard, the Grantor has the right to put forward more stringent entrusted payment standard when the Grantee applies
for a single credit business.If the Grantor considers that the payment method of the loan funds chosen by the Grantee in the withdrawal
application does not meet the requirements, it has the right to change the payment method or stop the issuance and payment of the loan
funds. The payment method of the loan funds under this Agreement shall be stipulated in the relevant individual credit documents. The
amount payable by the Grantee under this agreement shall not be paid by the Grantee independently.


 


	8.3		Specific
                                            Requirements for Entrusted Payment of Borrowed Funds



 


		8.3.1	In
                                            case of entrusted payment by the Grantor, the Grantee shall provide the written entrustment
                                            document of entrusted payment entrustment, that is, after transferring the borrowing funds
                                            to the designated account of the Grantee, the authorized and entrusted Grantor shall directly
                                            pay the borrowing funds to the account of the transaction object designated by the Grantee
                                            for the purpose specified in the single credit document.



 


		8.3.2	In
                                            case of entrusted payment by the Grantor, the Grantee shall provide the information of its
                                            loan account, transaction object account, payment amount and certification materials certifying
                                            that the current withdrawal is in line with the agreed purpose of the individual credit document
                                            to the credit gainer at the time of withdrawal. A Grantee should ensure that all information
                                            provided to the grantor is true, complete and valid. Where the Grantor's entrusted payment
                                            obligation fails to be fulfilled in in a timely manner due to the untrue, inaccurate and
                                            incomplete relevant transaction information provided by the Grantee, the Grantor shall not
                                            bear any liability, and the Grantee's repayment obligation already incurred hereunder shall
                                            not be affected.



 






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		8.3.3	Execution
                                            of Entrusted Payments



 


		(1)	If
                                            the entrusted payment is made by the Grantor, the Grantor shall, after Grantee submitting
                                            the entrusted payment power of attorney and relevant transaction information, pay the borrowing
                                            funds to the trading object of the Grantee through the account of the Grantee after examination
                                            and approval.



 


		(2)	If
                                            the Grantor finds that the use certification materials and other relevant transaction materials
                                            provided by the Grantee do not conform to the provisions of this Agreement or have other
                                            defects, it has the right to require the Grantee to supplement, replace, explain or re-submit
                                            the relevant materials, and before the Grantee submit the relevant transaction materials
                                            considered by the Grantor to be qualified, Grantor has the right to refuse the release and
                                            payment of the relevant funds.



 


		(3)	in
                                            the event of a refund from the account opening bank of the dealing party, resulting in that
                                            the Grantor is unable to pay the borrowing funds to its dealing party in in a timely manner
                                            according to the payment entrustment from theGrantee, the Grantor shall not bear any liability,
                                            and the repayment obligations already incurred by the Grantee under this agreement shall
                                            not be affected. The Grantee hereby authorizes the grantor to freeze the funds returned by
                                            the account opening bank of the transaction object. In this case, the Grantee shall re-submit
                                            the payment entrustment and the use certification materials and other relevant transaction
                                            information.



 


		(4)	The
                                            Grantee shall not avoid the payment entrusted to the Grantor by breaking up the whole into
                                            parts.



 


	8.4		After
                                            the loan funds are released, the Grantee shall provide the in a timely manner with the records
                                            of the use of the loan funds and the supporting documents for the purpose of the loan as
                                            required by the Grantor



 


			Such evidence
                                                                                shall include, but not limited to, evidence of transactions such as purchase and sale contracts, evidence of operating costs and
                                                                                expenses and evidence of other operating turnover expenses, etc.



 


	8.5		In
                                            any of the following circumstances, the Grantor has the right to re-determine the loan issuance
                                            and payment conditions, or stop the issuance and payment of the loan funds



 


		(1)	The
                                            Grantee violates the agreement and evades the entrusted payment of the Grantor by breaking
                                            up the whole into parts;



 


		(2)	The
                                            credit status of the Grantee declines or the profitability of the main business is not strong;



 


		(3)	Abnormal
                                            use of borrowed funds;



 


		(4)	The
                                            Grantee fails to provide the in a timely manner with the records and materials on the use
                                            of the loan funds as required by the Grantor;



 


		(5)	The
                                            Grantee pays the loan funds in violation of this article.



 






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Article
9 Repayment (applicable to loan financing business)


 


	9.1		Repayment
                                            Method



 


		9.1.1	The
                                            repayment methods of the loan financing business under this Agreement include but are not
                                            limited to the following four kinds, and the repayment methods of specific business are agreed
                                            by the individual credit documents:



 


		(1)	Interest
                                            paid on schedule lump-sum repayment method: the principal repayment date is the maturity
                                            date of the loan, and the interest payment date is the interest settlement date stipulated
                                            in the individual credit documents. The Grantee shall pay the loan interest on schedule,
                                            and repay the principal and the remaining interest in a lump sum at maturity.



 


		(2)	Interest
                                            settlement method: The repayment date and interest payment date are the maturity date of
                                            the loan, and the Grantee repays the principal and interest of the loan in a lump sum when
                                            it is due.



 


		(3)	Equal
                                            principal successive reduction method: the principal of the loan of the Grantee shall be
                                            repaid in equal installments, and the repayment date and the interest payment date shall
                                            be the interest settlement date stipulated in the individual credit documents. On the date,
                                            the Grantee shall pay the principal and interest of the loan of one installment. The first
                                            repayment date is shown in the specific business application, and the last repayment date
                                            is the maturity date of the loan, and the Grantee pays the remaining principal and interest.
                                            Calculation formula:



 


Repayment
of principal and interest per installment = loan principal/total number of repayment installments + loan balance X monthly interest rate


 


		(4)	Matching
                                            principal and interest method: the principal and interest of the loan of the Grantee shall
                                            be repaid by installments in equal amount, and the principal date and interest payment date
                                            shall be the settlement date stipulated in the individual credit documents. On the date,
                                            the Grantee shall pay the principal and interest of the loan of one installment. The first
                                            repayment date is shown in the specific business application, and the last repayment date
                                            is the maturity date of the loan, and the Grantee pays the remaining principal and interest.
                                            Calculation formula:



 


Amount
of principal and interest repayment in each period=principal*(1+interest rate)Repayment period (months)*interest rate/[(1+interest
rate)Repayment period (months) -1]


 


		9.1.2	The
                                            Grantee shall, one working day prior to the principal repayment date and interest payment
                                            date, fully deposit the current payable interest, principal and other payables into the repayment
                                            account opened by the Grantee with the Grantor, and the Grantor shall have the right to take
                                            the initiative to transfer the payment on such principal repayment date and interest payment
                                            date, or request the Grantee to cooperate in handling relevant transfer procedures.



 


	9.2		Repayment
                                            Account



 


The
information of repayment account shall be stipulated in the individual credit documents.


 


	9.3		Order
                                            of loan liquidation



 


Unless
otherwise agreed by both parties, in the case that the Grantee is in arrears with the principal and interest of the loan at the same
time, the Grantor has the right to decide the order of repayment of principal or interest;In the case of installment repayment, if there
are multiple due loans and overdue loans under the relevant business application and other legal documents, the Grantor has the right
to decide the repayment order of a certain repayment of the Grantee;If there are several matured loan agreements between the Grantee
and the Grantor, the Grantor has the right to decide the order of the agreement to be fulfilled by each repayment of the Grantee.


 






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	9.4		Supervision
                                            of Capital Return Account



 


The
Grantee shall open a fund withdrawal account in the name of the Grantee, and the fund withdrawal of the Grantee shall enter the account.
The Grantee shall provide the in a timely manner with information on the movement of funds in and out of the account. The Grantor has
the right to ask the Grantee to explain the inflow and outflow of large and abnormal funds in the fund withdrawal account and to supervise
the account. The information of the Grantee's fund withdrawal account shall be stipulated in a single credit document.


 


		9.5	Prepayment



 


If
the Grantee needs to repay in advance, he shall submit a written application to the Grantor fifteen working days in advance. After examination
and approval by the Grantor, the procedures for early repayment shall be handled. The Grantor has the right to determine the order in
which the amount of prepayment is used to repay the loan, and the interest charged according to the original agreement is not refundable.
If the loan is partially repaid in advance, the principal and interest of repayment shall be re-determined according to the remaining
principal from the date of partial repayment. If the Grantor agrees to the early repayment by the Grantee, the standard of liquidated
damages shall be stipulated in the individual credit documents.


 


Article
10 Interest on Advance (applicable to bank credit business)


 


	10.1		Before
                                            the maturity of bank credit business or before the Grantor needs to make external payment
                                            due to the Grantee's presentation for payment to the Grantor, the Grantee shall deposit sufficient
                                            provision or security for external payment by the Grantor, and the Grantor shall also have
                                            the right to actively debit the foreign currency or RMB account of the Grantee in the Credit
                                            as provision for external payment. In case the Grantor makes advance payment for external
                                            payment due to insufficient provision or deposit, the Grantee shall pay off the said advance
                                            payment. From the date of advance payment, the Grantor shall have the right to charge the
                                            advance payment interest at the rate of five ten thousandths of the advance payment per day
                                            for the amount advanced, and to charge compound interest at the rate of advance payment agreed
                                            in this paragraph.



 


Article
11. Security


 


	11.		1
                                            The Grantee shall provide guarantee as required by the Grantor. As for the specific mode
                                            of guarantee, the Grantor and the guarantor shall sign a separate guarantee contract.



 






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	11.2		Margin
                                            Guarantee



 


		11.2.1	The
                                            Grantor may collect part of the funds from the Grantee as security deposit according to the
                                            specific circumstances when a single credit business is actually narrated under this Agreement.
                                            The Grantee shall open a margin account with Grantor and deposit the margin required by the
                                            Grantor into the margin account. The amount of the margin and the information of the margin
                                            account shall be stipulated in a single credit document.



 


		11.2.2	The
                                            margin funds shall be frozen after entering the margin account, and shall be deemed to be
                                            specified and transferred to the possession of the Grantor, and the Grantee shall not ask
                                            for withdrawal before the credit debt guaranteed by the margin is fully repaid. The funds
                                            in the margin account and the deposit interest generated therefrom shall jointly serve as
                                            the pledge guarantee provided by the Grantee to the Grantor under this Agreement.



 


		11.2.3	The
                                            guarantee scope of the above-mentioned margin pledge includes the principal of the guaranteed
                                            debt and the interest generated therefrom. (Including possible overdue interest, penalty
                                            interest, debt interest during delay in performance, etc.) And expenses (including but not
                                            limited to liquidated damages, damages, notarization fees, attorney fees and expenses paid
                                            by Grantor to realize Grantor's rights).



 


		11.2.4	If
                                            the Grantee fails to pay off the due debts under the Main Contract or the debts declared
                                            to be matured in advance, or violates any agreement of this Agreement, the Grantor shall
                                            have the right to directly deduct the deposit in the above-mentioned deposit account for
                                            settlement without notifying the Grantee.



 


Article
12 Declarations and commitments


 


	12.1		The
                                            Grantee declares as follows:



 


		(1)	The
                                            Grantee is legally registered and legally existing, and has the full civil rights and capacity
                                            required for signing and performing this Agreement;



 


		(2)	The
                                            signing and performance of this Agreement is based on the true intention of the Grantee,
                                            which has been legally and effectively authorized in accordance with the requirements of
                                            its articles of association or other internal management documents, and will not violate
                                            any agreements, contracts and other legal documents binding on the Grantee;All relevant approvals,
                                            permits, filings or registrations required for the execution and performance of this Agreement
                                            have been or will be obtained by the Grantee;



 


		(3)	The
                                            transaction background of the business applied for by the Grantee to the Grantor is true
                                            and legal, and is not used for illegal purposes such as money laundering;



 


		(4)	The
                                            Grantee does not conceal the events that may affect the financial status and performance
                                            ability of the guarantor;



 


		(5)	The
                                            Grantee and any of its shareholders and affiliated companies are not involved in any liquidation,
                                            bankruptcy, reorganization, merger (merger), division, reorganization, dissolution, capital
                                            reduction or similar legal procedures, nor is there any situation that may lead to such legal
                                            procedures;








 






    12


     


    

 

 


		(6)	The
                                            Grantee is not involved in any economic, civil, criminal, administrative or similar arbitration
                                            proceedings that may have a significant adverse impact on him or her, and there are no circumstances
                                            that may lead to his or her involvement in such proceedings or similar arbitration proceedings;



 


		(7)	None
                                            of the material assets of the Grantee is subject to any enforcement, seizure, seizure, freezing,
                                            lien or supervision measures, nor is there any situation that may lead to the involvement
                                            of such measures.



 


		12.2	The
                                            Grantee undertakes as follows:



 


		(1)	The
                                            in a timely manner shall perform the payment and liquidation obligations to the Grantor;



 


		(2)	Submit
                                            its financial statements (including but not limited to annual report, quarterly report and
                                            monthly report) and other relevant information to the credit provider on a regular basis
                                            or in a timely manner as required by the Grantor. Grantee ensures the financial indicators
                                            of the Grantee continuously meets the requirements of the Grantor;



 


		(3)	The
                                            loan project of the Grantee and the borrowing matters under this Agreement meet the requirements
                                            of laws and regulations;



 


		(4)	If
                                            the Grantee has entered into or will enter into a counter-guarantee agreement or similar
                                            agreement with the Guarantor of this Agreement in respect of its guarantee obligations, such
                                            agreement will not prejudice any rights of the Grantor under this Agreement;



 


		(5)	Accept
                                            the credit inspection and supervision of the Grantor, and give adequate assistance and cooperation;If
                                            the Grantee pays independently, it shall regularly report the payment and use of the loan
                                            funds in accordance with the requirements of the Grantor;



 


		(6)	Prior
                                            consent shall be obtained from the Grantor upon the occurrence of any circumstance that may
                                            affect the financial status and performance ability of the Grantee or the Guarantor, including
                                            but not limited to merger, division, capital reduction, equity transfer, external investment,
                                            substantial increase in debt financing, transfer of material assets and Grantor's rights
                                            and other matters that may adversely affect the debt repayment ability of the Grantee;



 


		(7)	The
                                            Grantee shall notify the in a timely manner to the Grantor if:



 


		a.	Alteration
                                            of the articles of association, business scope, registered capital and legal representative
                                            of the Grantee or guarantor;



 


		b.	Undertake
                                            any form of joint operation, joint venture with foreign investors, contractual management,
                                            reorganization, restructuring, planned listing and other changes in the mode of operation;



 


		c.	Involved
                                            in major litigation or arbitration cases, or property or collateral is seized, detained or
                                            supervised, or new security is set on collateral;



 






    13


     


    

 


		d.	Closure,
                                            dissolution, liquidation, suspension of business for rectification, cancellation, revocation
                                            of business license, (being) applied for bankruptcy, etc;



 


		e.	Shareholders,
                                            directors and current senior managers are suspected of major cases or economic disputes;



 


		f.	The
                                            event of breach of contract of the Grantee occurs under other contracts;



 


		g.	Difficulties
                                            in operation and deterioration of financial situation occur.



 


		(8)	All
                                            documents, financial statements, vouchers and other information provided by the Grantee to
                                            the Grantor under this Agreement are true,complete, accurate and valid;



 


		(9)	The
                                            Grantor shall have the right to withdraw the loan in advance according to the fund withdrawal
                                            of theGrantee;



 


		(10)	When
                                            the business of export tax rebate pledge loan occurs under this Agreement, the Grantor shall
                                            have the right to deduct the export tax rebate immediately after it enters into the export
                                            tax rebate pledge account, so as to pay off the debt of export tax refund pledge loan under
                                            this Agreement;



 


		(11)	Matters
                                            not stipulated in this Agreement and individual credit documents shall be handled in accordance
                                            with the relevant provisions and business practices of the Grantor.



 


Article
13 disclosure of related party transactions within a Grantee group


 


	13.1		When
                                            a Grantee belongs to a group client as determined by Grantor in accordance with the Guidelines
                                            on Risk Management of Credit Business for Group Clients of Commercial Banks,the Grantee shall
                                            in a timely manner to report to the Grantor any related party transactions of more than 10%
                                            of the net assets, including the related party relationship of the parties to the transaction,
                                            transaction items and nature, transaction amount or corresponding proportion, and pricing
                                            policies (including transactions with no amount or only nominal amount).



 


	13.2		In
                                            case of any of the following circumstances regarding the Grantee, the Grantor has the right
                                            to unilaterally decide to stop the credit not yet used by the Grantee and take back the part
                                            in advance or all of them have been used but the credit has not been settled, or 100% of
                                            the deposit is required to be made up: to take advantage of the false contract with the related
                                            party to discount or pledge the Grantor's rights such as notes receivable and accounts receivable
                                            without real trade background to the bank to obtain bank funds or credit;Major mergers, acquisitions
                                            and reorganizations occur, which the Grantor believes may affect the safety of loans;Through
                                            related party transactions, intentionally evade bank Grantor's rights;Other circumstances
                                            stipulated in Article 18 of the Guidelines for Risk Management of Credit Business of Commercial
                                            Banks'Group Clients.



 






    14


     


    

 


Article
14 Events of Breach of Contract and Treatment


 


	14.1		One
                                            of the following matters shall constitute or be deemed to be an event of default of the Grantee
                                            under this Agreement:



 


		(1)	The
                                            Grantee fails to perform the payment and repayment obligations to the Grantor as agreed in
                                            the Agreement;



 


		(2)	The
                                            Grantee fails to use the loan funds in the way agreed in this agreement or fails to use the
                                            funds obtained for the purposes agreed in this agreement;



 


		(3)	The
                                            statements made by the Grantee in this agreement are untrue or violate the promises made
                                            by the Grantee in this agreement;



 


		(4)	In
                                            case of any of the circumstances specified in Clause 12.2.6 of the Agreement, the Grantor
                                            believes that it may affect the financial status and performance capability of the Grantee
                                            or the Guarantor, and the Grantee fail to provide new guarantee or replace the Guarantor
                                            as required by the Grantor;



 


		(5)	The
                                            credit status of the Grantee declines, or the Grantee's profitability, solvency, operating
                                            capacity and cash flow and other financial indicators deteriorate, which breaks through the
                                            index constraints or other financial agreements agreed in this Agreement;



 


		(6)	A
                                            default event occurs under the agreement between the Grantee and the Grantor or other institutions
                                            of Bank of Xiamen Co LtdA; default event occurs under the agreement between the Grantee and
                                            its affiliates and other financial institutions;



 


		(7)	The
                                            Guarantor breaches the provisions of the Guarantee Contract, or other events of default occur
                                            under other contracts with the Grantor or other institutions of Bank of Xiamen Co Ltd;



 


		(8)	Loss,
                                            destruction or reduction in value of collateral due to various reasons (including but not
                                            limited to demolition, expropriation, natural disasters, accidents, market changes), and
                                            failure of the Grantee to provide new collateral as required by the Grantor, or withholding
                                            early repayment of the loan amount equivalent to the diminished value of the collateral;



 


		(9)	The
                                            Grantee terminates its business or there is an event of dissolution, revocation or bankruptcy;



 


		(10)	The
                                            performance of the obligations under this Agreement has been or may be affected by the fact
                                            that the Grantee is involved in or may be involved in major economic disputes, lawsuits or
                                            arbitrations, or its assets are sealed up, detained or enforced, or it is placed on file
                                            for investigation by judicial organs or administrative organs of taxation, industry and commerce
                                            according to law or it is punished according to law;



 


		(11)	The
                                            performance of the obligations under this Agreement has been or may be affected by the abnormal
                                            change, disappearance or judicial investigation or restriction of personal freedom of the
                                            principal investors and key management personnel of the Grantee;



 


		(12)	When
                                            the Grantor examines the financial situation and performance ability of the Grantee, it finds
                                            that there are circumstances that may affect the financial situation and performance ability
                                            of the Grantee or guarantor;



 






    15


     


    

 


		(13)	Large
                                            and abnormal capital inflow and outflow occur in the designated capital withdrawal account,
                                            and the Grantee can not provide the explanatory materials approved by the Grantor;



 


		(14)	According
                                            to the reasonable judgment of the Grantor, other events occur which may substantially damage
                                            the rights and interests of the Grantor under the individual credit business and have material
                                            adverse effects on the continuous performance of such business, including but not limited
                                            to: the markets (such as foreign exchange rate, interest rate, industry and relevant derivatives
                                            market) related to the individual business or the operation of the Grantee;Policy and regulation
                                            (monetary, fiscal, industry, regional development, etc.);Major adverse changes in the political
                                            and financial situations of other countries and other force majeure events;The performance
                                            ability of other parties involved in a single business has undergone significant adverse
                                            changes.



 


	14.2		When
                                            the event of default specified in the preceding paragraph occurs, the Grantor has the right
                                            to take the following measures respectively or simultaneously according to the specific circumstances:



 


		(1)	requiring
                                            the Grantee and the guarantor to correct their breach of contract within a time limit;



 


		(2)	To
                                            declare that all or part of the loan principal and interest and other payables of the loan
                                            financing business under this Agreement are due immediately;



 


		(3)	No
                                            matter whether the conditions for the performance of the bank credit business under this
                                            Agreement are due or fulfilled, the Grantee shall be required to deposit the full amount
                                            of security deposit as required by the Grantor in advance;



 


		(4)	Terminate
                                            or rescind this Agreement, and terminate or rescind other contracts between the Grantee and
                                            the Grantor in whole or in part;



 


		(5)	requiring
                                            the Grantee to compensate for the loss caused to the Grantor by its breach of contract;



 


		(6)	Deduct
                                            the amount in the accounts opened by the Grantee in the Grantor and other institutions of
                                            Bank of Xiamen Co Ltd. (including but not limited to demand deposits, time deposits, structured
                                            deposits, certificates of deposit, and wealth management funds) to pay off all or part of
                                            the debts owed by the Grantee to the Grantor under this Agreement, and without prior notice
                                            to the Grantee. Undue amounts in the account are deemed to be due in advance. If the account
                                            currency is different from the credit business valuation currency, it shall be converted
                                            according to the foreign exchange rate applicable to the Grantor at the time of deduction,
                                            and the exchange rate risk shall be borne by the Grantee;



 


		(7)	requiring
                                            the Grantee to provide a new guarantee and/or to replace the guarantor;



 






    16


     


    

 


		(8)	Exercise
                                            the real right of security;



 


		(9)	Requiring
                                            the guarantor to assume the guaranty liability;



 


		(10)	Collect
                                            default interest, advance interest and compound interest from the Grantee according to the
                                            agreement;



 


		(11)	other
                                            measures deemed necessary and possible by the Grantor.



 


	14.3		If
                                            this Agreement contains multiple Grantees, the Grantor shall have the right to take any legal
                                            or agreed remedies for breach of contract against all the Grantees in the event that any
                                            one of the Grantees fails to perform the obligations agreed under this Agreement or in the
                                            event of breach of contract agreed under this Agreement.



 


Article
15. Reservation of rights


 


	15.1		Failure
                                            by either party to exercise part or all of its rights under this Agreement, or failure to
                                            require the other party to perform or assume part or all of its obligations and liabilities
                                            shall not constitute a waiver of such rights or a waiver of such obligations and liabilities
                                            by such party.



 


	15.2		Any
                                            forbearance, extension or delay by one party to the other party in exercising its rights
                                            under this Agreement shall not affect any right it may have under this Agreement and under
                                            the laws and regulations, nor shall it be deemed as a waiver of such right.



 


Article
16 Effectiveness, Alteration and Rescission of the Agreement


 


	16.1		The
Agreement shall come into force as of the date when the legal representatives (responsible persons) of both parties or their authorized
agents sign or affix the seals of both parties.





 


	16.2		This
                                            Agreement may be altered or modified in writing by both parties through negotiation, and
                                            any alteration or modification shall constitute an integral part of this Agreement.



 


	16.3		Unless
                                            otherwise stipulated by laws and regulations or agreed by the parties, this Agreement shall
                                            not be terminated before the rights and obligations hereunder are fully performed.



 


	16.4		Where
                                            the Grantor fails to perform the Agreement or fails to perform the Agreement in accordance
                                            with the Agreement due to changes in laws and regulations, regulatory provisions or requirements
                                            of regulatory authorities, the Grantor has the right to terminate or change the performance
                                            of the Agreement in accordance with changes in laws and regulations, regulatory provisions
                                            or requirements of regulatory authorities. If the termination or modification of the agreement
                                            for such reasons makes the Grantor unable to perform or fail to perform in accordance with
                                            the agreement, the Grantor shall be exempted from liability.



 


Article
17 Application of Law and Dispute Resolution


 


	17.1		This
                                            Agreement shall be governed by the laws of the People's Republic of China (excluding Hong
                                            Kong, Macao Special Administrative Region and Taiwan).



 






    17


     


    

 


	17.2		The
                                            dispute jurisdiction and settlement methods shall be subject to the provisions of Article
                                            26 of this Agreement. During the period of dispute, both parties shall continue to perform
                                            the terms not involved in the dispute. The costs of litigation (or arbitration) arising out
                                            of the dispute and reasonable attorney's fees paid by the other party, as well as litigation



 


(Or
arbitration) other costs (including but not limited to property preservation fees, appraisal fees, travel expenses, notarization fees,
translation fees, appraisal and auction fees, execution fees and so on) shall be borne by the defaulting party.


 


Article
18 Other Agreements


 


	18.1		The
                                            valid vouchers of Grantor's rights of the Grantor under this Agreement shall be subject to
                                            the accounting vouchers issued and recorded by the Grantor in accordance with its own business
                                            regulations.



 


	18.2		Unless
                                            otherwise agreed in this Agreement or in the supplementary agreement signed by the Grantor
                                            and the Grantee, the Grantor and the Grantee shall treat assignment of Grantor's Rights under
                                            the Agreement as follows: The Grantee agrees that the Grantor has the right to unilaterally
                                            decide to assign all or part of the Grantor's Rights under the Agreement to any third party;The
                                            notice of assignment of the Grantor's right given by the Grantor to the Grantee shall go
                                            into effect on the Grantee as of the date it is given;Hereby, the Grantee irrevocably promises
                                            that it agrees that the Grantor is entitled to unilaterally accept the entrustment of the
                                            assignee of the Grantor's rights to continue to manage the Grantor's rights and corresponding
                                            security rights of the Grantee.Management matters include but not limited to agency deduction
                                            of funds in the accounts of the Grantee and the Guarantor for payment of the payables under
                                            the Agreement, agency collection, litigation and preservation of the Grantee and the Guarantor
                                            on behalf of the Grantee on this Grantor's rights.Where the Grantor deducts the payables
                                            on behalf of the Grantee, the Grantee agrees that the Grantor shall have the right to directly
                                            deduct the amounts in the Discretionary Repayment Account and other accounts opened by the
                                            Grantee and the Guarantor at the headquarter and branches of the Grantor and the Credit for
                                            the payment of principal and interest due and payable and other amounts payable by the Grantee
                                            and the Guarantors, without notifying the Grantee and the Guarantors.



 


	18.3		Without
                                            the written consent of the Grantor, the Grantee shall not transfer any rights and obligations
                                            under this Agreement to any third party.



 


	18.4		If
                                            the Grantor needs to entrust other institutions of Bank of Xiamen Co Ltd. to perform the
                                            rights and obligations under this Agreement due to business needs, or the business under
                                            this Agreement shall be assigned to other institutions of Xiamen Bank Co Ltd. to undertake
                                            and manage, which shall be recognized by the Grantee. Other institutions of Bank of Xiamen
                                            Co Ltd. authorized by the Grantor or other institutions of Bank of Xiamen Co Ltd. undertaking
                                            the business under this Agreement shall have the right to exercise all rights under this
                                            Agreement and shall have the right to apply to this Agreement in the name of such institutions
                                            for disputes under this Agreement.The agreed arbitration committee applies for arbitration
                                            or brings a lawsuit or applies for enforcement to the court with jurisdiction in the place
                                            where the institution is located.



 






    18


     


    

 


	18.5		Except
                                            for the expenses explicitly stipulated by laws and regulations to be borne by the Grantor,
                                            any other expenses under this Agreement shall be borne by the Grantee.



 


	18.6		Without
                                            prejudice to other provisions of this Agreement, this Agreement is legally binding on both
                                            parties and their respective successors and assigns.



 


	18.7		If
                                            a provision or part of a provision of this Agreement is or becomes invalid, the invalidity
                                            of such provision or part shall not affect the validity of this Agreement or any other provision
                                            of this Agreement or any other part of such provision.



 


	18.8		Grantor
                                            has the right to provide the information related to this agreement and other related information
                                            of Grantee to the credit information system of The People's Bank of China and other credit
                                            information databases established according to law in accordance with relevant laws, regulations
                                            and regulatory provisions, so as to be inquired and used by institutions or individuals with
                                            appropriate qualifications according to law. For the purpose of conclusion and performance
                                            of this agreement, the Grantor also has the right to inquire the relevant information of
                                            the Grantee through the credit information system of The People's Bank of China and other
                                            credit information databases set up according to law.



 


	18.9		The
                                            Grantee agrees that the Grantor will entrust a third party to handle the ancillary business
                                            related to this Agreement (including but not limited to the development and maintenance of
                                            the Grantor's system, printing and mailing of relevant vouchers such as reconciliation documents,
                                            arrears collection, property evaluation and other outsourced work items permitted by laws
                                            and regulations) in accordance with the provisions of laws and regulations. And the Grantee
                                            agrees that the Grantor shall hand over the relevant information and materials of the Grantee
                                            hereunder to the said third party for handling the entrustment matters.



 


	18.10		If
                                            deemed necessary by the Grantor, the Grantee shall complete the notarization of this Agreement.
                                            Such notarization shall have the effect of enforcement, and the Grantee undertakes that the
                                            Grantee is willing to accept enforcement according to law when the Grantee fails to perform
                                            its obligations or fails to perform its obligations completely.



 


	18.11		In
                                            case of any discrepancy between the special terms of partial credit business in Part II of
                                            this Agreement and the general terms in Part I, the agreement in Part II shall prevail.



 


Part
II Special Terms and Conditions for Partial Credit Business


 


Article
19 Special Terms and Conditions for Fixed Assets Loan Business


 


	19.1		In
                                            addition to the preconditions agreed in Article 6 of this Agreement, the Grantee shall also
                                            meet the following conditions when applying for fixed assets loans:



 


		(1)	The
                                            Grantee has submitted the project feasibility study report, the project approval document
                                            and other approval documents that must be provided according to law to the Grantor;



 


		(2)	The
                                            Grantee has submitted the current valid business license, articles of association, and the
                                            recent financial statements on the date of withdrawal to the Grantor;



 


		(3)	The
                                            capital in the same proportion as the proposed loan has been fully put in place, and the
                                            actual progress of the project matches the amount of investment already made;



 


		(4)	If
                                            the amount of single payment exceeds 5% of the total investment of the project, or exceeds
                                            RMB 5 million (including, or foreign currency equivalent), the Grantor has the right to require
                                            the Grantee to provide written documents confirming the progress and quality of the project
                                            signed by supervision, evaluation, quality inspection and other three parties.



 






    19


     


    

 


Article
20 Special Clauses for Bank Acceptance Business


 


	20.1		Contents
                                            of bank acceptance bill



 


		(1)	The
                                            contents of bank acceptance bills under a single credit business shall be stipulated in a
                                            single credit document.



 


		(2)	The
                                            acceptance agreement number in a single credit document refers to the content of "Acceptance
                                            Agreement Number" recorded on the face of the bank acceptance bill issued by the Grantor,
                                            which is not the same as the content of "Number" in a single credit document.



 


	20.2		Before
                                            a Grantee applies for a bank acceptance bill, the following conditions must be met in addition
                                            to the preconditions agreed in Article 6 of this Agreement:



 


		(1)	The
                                            Grantee has provided the original and copy of the transaction contract and the relevant trade
                                            background transaction information certified by the Grantor;



 


		(2)	The
                                            Grantee has provided the guaranty money pledge according to the requirements of the single
                                            credit granting document;



 


		(3)	The
                                            Grantee has paid off the open management fee in a lump sum in accordance with the provisions
                                            of the Grantor;



 


		(4)	other
                                            conditions that the Grantor considers the Grantee should satisfy.



 


	20.3		Rate
                                            and penalty



 


		(1)	When
                                            a Grantee applies to a Grantor for acceptance of a bill of exchange, he shall pay to the
                                            Grantor a handling fee equivalent to five ten thousandths of the face value of the bill.



 


		(2)	When
                                            the Grantee applies for acceptance of the bill of exchange from the Grantor, it shall pay
                                            the exposure management fee to the Grantor in accordance with the relevant provisions of
                                            the Grantor. The exposure management fee shall be calculated on the basis of the difference
                                            between the acceptance amount of a single application and the deposit and the pledge amount
                                            of the deposit certificate of the Bank. The exposure management fee rate shall be stipulated
                                            in the single credit facility document and shall be paid by the Grantee in a lump sum prior
                                            to acceptance.



 


		(3)	If
                                            the Grantee fails to make up the full amount of the bill when the bank acceptance bill matures,
                                            no matter whether the holder presents for payment or not, it will lead to the credit of the
                                            Grantor to make advances on the bank acceptance bill, which occupies the credit funds of
                                            the Grantor, and the day when the bank accepts the bill advances is the next day of the maturity
                                            date specified in the bank acceptance draft.



 






    20


     


    

 


Article
21 Special Terms for the Business of Issuing Letter of Guarantee


 


	21.1		Issuing
                                            and Charging of Letter of Guarantee



 


		(1)	Where
                                            the Grantor accepts the application of the Grantee and issues a letter of guarantee or provides
                                            other forms of bank guarantee as required by the Grantee, the detailed contents of the letter
                                            of guarantee or other forms of bank guarantee shall be subject to the agreement in the letter
                                            of guarantee issued by the Grantor or other bank guarantee documents, and the contents of
                                            such documents are detailed in Draft Specimen Guarantee Document attached to a single credit
                                            granting document.



 


		(2)	The
                                            Grantee will pay the handling fee for issuing the letter of guarantee to the Grantor on time,
                                            and the basis, standard and method of calculating and collecting the fee shall be implemented
                                            in accordance with the relevant provisions of the Grantor. The specific amount and method
                                            of handling fees shall be stipulated in the individual credit documents. For the expenses
                                            that cannot be foreseen at the time of signing the single letter of credit and should be
                                            borne by the Grantee after issuing the letter of guarantee, the Grantee will pay the amount
                                            and method required by the Grantor to the Grantor.



 


	21.2		Modification
                                            of the contents of the guarantee



 


		(1)	The
                                            Grantee shall submit a written application to the Grantor (in the form provided by the Grantor
                                            to the Grantee) for the amendment of the guarantee.



 


		(2)	When
                                            the amendment of the guarantee involves the amount, currency, interest rate, term or other
                                            terms that the Grantor considers necessary to increase the guarantee, the Grantor shall have
                                            the right to require the Grantee to increase the deposit, and/or require the Grantee to obtain
                                            the written consent of the counter-guarantor on the written application, and/or to provide
                                            other guarantees, otherwise, the Grantor shall have the right to refuse to accept the amendment
                                            application of the Granteee.



 


		(3)	If
                                            the Grantee needs to amend the relevant text of the Guarantee, it shall pay a one-time amendment
                                            fee of RMB 300 yuan to the Grantor.



 


		(4)	The
                                            amendment of the letter of guarantee does not change the other rights and obligations of
                                            the Grantee in a single credit document.



 


	21.3		External
                                            payments and interest



 


The
Grantee agrees that in the event of a claim arising from the letter of guarantee business under a single letter of credit, if the Grantee's
claim document is in conformity with the agreement of the letter of guarantee upon examination and verification by the Grantor, the Grantor
shall have the right to make payment directly to the other party without obtaining the consent of the Grantee.


 






    21


     


    

 


	21.4		Supplementary
                                            undertaking of the Grantee



 


		(1)	Any
                                            promises made, any restrictions on rights and any expenses paid by the Grantor in the relevant
                                            text of the Guarantee are made at the request of the Grantee, and any losses suffered by
                                            the Grantor shall be borne by the Grantee, Grantor has the right to directly deduct them
                                            from the account opened by the Grantee in Xiamen Bank Co Ltd. There is no need to inform
                                            the Grantee in advance;



 


		(2)	If
                                            the letter of guarantee is entrusted to other banks for transfer/transmission, the Grantee
                                            agrees to bear all risks and responsibilities of the Grantor to the transfer/transmission
                                            bank under the transfer/transmission letter of guarantee;



 


		(3)	With
                                            respect to any circumstance affecting the Grantorr's guarantee liability, such as the execution
                                            and termination of the basic contract, basic transaction on which the letter of guarantee
                                            is based, etc The Grantee shall notify the Grantor immediately;



 


		(4)	Without
                                            the written consent of the Grantor, the Grantee shall not modify the content of the basic
                                            contract on which the letter of guarantee is based;



 


		(5)	The
                                            Grantee shall cooperate with the Grantor to go through the relevant procedures for the performance
                                            of the contract under the external guarantee;



 


		(6)	The
                                            risks of loss, delay, error, omission, damage, etc. In the process of mailing, telecommunication
                                            transmission or other transmission of the incoming and outgoing letters, telegrams and documents
                                            under the business of issuing letters of guarantee and the risks arising from the credit
                                            provider's use of third-party services shall be borne by the Grantee.



 


	21.5		Supplementary
                                            Agreement on Issuing Letter of Guarantee



 


The
Grantor only deals with the documents or certificates, and is not responsible for the disputes arising from the basic contract involved,
and the Grantor is not responsible for the authenticity, delay and loss in the process of mailing when dealing with the documents or
certificates.


 


Part
III Special Provisions


 


(When
an option appears in the following special provisions, put an "X" in the mouth to indicate that it is applicable and an "X"
to indicate that it is not applicable)


 


Article
22


 


	22.1		Amount
                                            of Credit Line and Maximum Claim Amount



 


The
credit line provided by the Grantor to the Grantee under the Agreement is:


 


Currency
Type:RMB


 


Amount:
Five Million Yuan


 






    22


     


    

 


	22.2		The
                                            maximum claim amount under this Agreement means all claims including the principal amount
                                            of the credit line, interest, compound interest, penalty interest, liquidated damages, damages
                                            for delayed performance, losses due to changes in exchange rates, and other amounts payable
                                            by the Grantee (including but not limited to collection fees, litigation or arbitration fees,
                                            costs of custody of collateral, preservation fees, enforcement fees, publication fees, appraisal
                                            fees, auction fees, taxes, closing costs, attorney fees, travel fees, notary fees, and other
                                            costs).



 


Currency
Type:/


 


Amount:
/


 


Article
23 Term of Use of Credit Line


 


The
use period of the credit line determined in this Agreement is from June 15, 2021 to June 15, 2024.


 


Article
24 Annual Review of Credit Line


 


Whether
all obligations of all the Grantee under this Agreement are jointly and severally liable:


 


þ
Yes;


 


☒
No.


 


Article
25 Joint Liability


 


Whether
all obligations of all the Grantee under this Agreement are jointly and severally liable:


 


☒
Yes;


 


☒
No


 


Article
26 Any dispute arising from or in connection with this Agreement shall be settled through negotiation by both parties;If the negotiation
fails, both parties agree to adopt the following methods to solve the problem:


 


☒
 bring a lawsuit to the People's Court of the place where the Grantor is located.


 


þ
The dispute shall be submitted to the Arbitration Commission for arbitration in accordance with the arbitration rules in effect at
the time of submission of the application for arbitration. The award of the arbitration shall be final and binding upon both
parties. When submitting to arbitration, both parties agree to choose summary procedure to hear the case.


 


Article
27 Service Agreement


 


	27.1		Any
                                            notice, letter, data messages issued to the Grantor under this Agreement shall be sent to
                                            the address, contact person or telecommunication end listed hereunder. If the Grantee changes
                                            its name, address, contact person or communication terminal, it shall promptly notify the
                                            Grantor in writing within three days of the change. The service of the notice of change actually
                                            received by the grantor shall remain valid service. Electronic service shall have the same
                                            legal effect as written service.



 






    23


     


    

 


Contact
Person of Grantee: Xiamen Pop Culture Co., Ltd.


 


Telephone
Number: [*]


 


Address:


 


Zip
Code: 361000


 


Grantee þ
Accepts ☒ Does not accept telecommunication service. Electric terminal information is as follows:


 


Mobile/text
message: /


 


Fax:
/


 


Wechat
Number: /


 


Email
Address:


 


If
there are more than two Grantees, and the service address, contact person are different from the telecommunication terminal, corresponding
service address, contact person and telecommunication terminal may be listed under the Article titled “Other Agreements,”
or as annex or other written form, following the format above.


 


	27.2		The
                                            address, contact person and/or electronic communication terminal as agreed in the preceding
                                            article shall also be the address of the Grantee for work correspondence, document exchange,
                                            notary public and all related documents of the people's court and/or arbitration institution
                                            in the event of dispute resolution (including but not limited to correspondence, notarization
                                            of enforcement, assignment of claims first instance, second instance, retrial, execution
                                            procedure, application for payment order, special procedure stage for realizing security
                                            interest and all documents of arbitration procedure, evidence materials, summons, notice
                                            of response to an action, notice of proof, notice of hearing, judgment or award, ruling,
                                            conciliation statement, notification of performance within a specified time limit, appeal
                                            petition, execution notice). The relevant legal documents shall be deemed to have been served
                                            three working days after they are sent by express mail at the above address for service;
                                            if it is sent by SMS/Fax/WeChat/email, the content of the aforementioned electronic document
                                            is deemed to be delivered from the time the sender accurately fills in the electronic terminal
                                            information and the information enters the electronic receiving system of the Grantee data
                                            without being returned by the system.



 


	27.3		The
                                            service and dispute resolution articles of this Agreement are independent of each other and
                                            are not affected by any change in the validity of the Agreement as a whole or any other article



 


Article
28 Other Agreements


 


Credit
funds shall not be diverted to house purchase. If credit funds are used for house purchase, the Grantor shall have the right to cancel
the contract and receive the loan in advance.


 


Article
29 Text of the Agreement


 


This
agreement is made in triplicate with equal legal effect.


 


[No
text below this page]


 






    25


     


    

 


[There
is no text on this page, which is the signing page of the Credit Facility Agreement of Xiamen Bank Co., Ltd.]


 


The
Grantee acknowledges that the Grantee has carefully read all the terms and conditions of this Agreement, and that the Grantee has been
reminded by the relevant persons of the Grantor that it may require the relevant persons of the Grantor to make full explanations and
explanations of any provisions before signing this Agreement, and that it has fully explained and explained the questions and information
raised by the Grantee in relation to the relevant provisions. The meaning of all terms and conditions of this agreement is now fully
understood by the Grantee. Therefore, after careful consideration, the Grantee agrees to accept all the terms and conditions.


 


This
agreement is signed by and between the following parties on June 15, 2021


 





	Grantee	Grantor
	 	 
	Authorized Signatory: /s/Zhuoqin Huang	Authorized Signatory: /s/Binjia Wang
	 	 
	Contact address: Room 102, No. 23,	Contact Address: 101 Hubin North Road,
	Wanghai Road,	Siming District, Xiamen
	 	 
	Seal: /s/Xiamen Pop Culture Co., Ltd.	Seal: /s/ Xiamen Bank Co., Ltd.





 


			Signature
                                            of witness:



 


 


26