Exhibit 10.8


 


	(Small
    Enterprise Loan 1001) V. 201211	No.:
    37002322100117030005


 


 


 


 


Small
Enterprise Facility Agreement


 


 


 


 


 


 


 


 


 


Postal
Savings Bank of China


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 






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Special
Note


 


In
order to safeguard your interests, please carefully read the following terms and conditions and confirm relevant facts before
signing this Agreement:


 


		1.	Your
                                         already have legal knowledge in borrowing from bank and guarantee.



 


		2.	The
                                         documents and materials submitted and statements made by you are authentic, legal and
                                         effective, and you shall bear corresponding legal responsibility therefor.



 


		3.	You
                                         have carefully read all terms and conditions of this Agreement, and have full understanding
                                         in the meanings and legal consequences thereof.



 


		4.	You
                                         have confirmed that you are entitled to sign on the agreement by yourself.



 


		5.	You
                                         have already been aware that any fraud or noncompliance shall bear the corresponding
                                         legal responsibility.



 


		6.	You
                                         shall voluntarily sign this Agreement on the principle of good faith, and commit to perform
                                         obligations as agreed in this Agreement.



 


		7.	Please
                                         fill in necessary contents and sign your name neatly with a pen or sign pen.



 


		8.	Should
                                         you have any question or unclear part, please timely inquire to Postal Savings Bank of
                                         China. Should you still have a question, please postpone signing this Agreement.



 


Once
this Agreement is signed, it will be deemed as each party hereto understand and agree upon all terms and conditions hereof.


 


This
Agreement is concluded and entered into by and between each party (please see Item 1 of the Attached Table hereto for information
of contracting parties) per consultation pursuant to law on the basis of equality and voluntariness, and all agreement terms and
conditions are demonstrating the genuine intention of each party.


 


	Article 1:	The line of credit




 


		For the
    purpose of this Agreement, the line of credit means the maximum line of credit confirmed by the credit grantor by giving
    comprehensive consideration of credit receiver's credit rating, financial condition, guarantee condition etc., and credit
    receiver may apply for using it under certain conditions. The foregoing line of credit must not be deemed as credit grantor's
    loan commitment to credit receiver. Such line of credit, under the precondition of conforming to the agreements of this
    Agreement and relevant separate business agreement, may be used for working capital loan, fixed assets loan, trade financing
    and other credit businesses, and may also be used for providing guarantee externally.




 


	Article 2:	Amount of the line of credit, see Item 2 of the Attached
Table hereto.




 


	Article 3:	Validity period of the line of credit, see Item 3 of
the Attached Table hereto. Credit grantor and credit receiver may sign specific loan and other facility agreements within such
period, the maturity date of specific credit business will not be bound by such period but shall be subject to the regulations
of specific loan and credit business. Upon the expiry of credit period, the unused line of credit will be canceled automatically.




 






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	Article 4:	Use of the line of credit




 


If
the credit receiver uses the line of credit hereunder, credit receiver shall submit separate business application according to
the business line provided by credit grantor, the use method of the line of credit will be stipulated by each separate business
agreement respectively; credit grantor will review such application according to relevant specific business stipulation, if approved
after review, both parties will otherwise sign separate business agreement; and credit grantor will provide loan and other credit
business to credit receiver according to the separate business agreement.


 


The
agreements upon the period, amount, interest rate, expense rate etc. of the separate credit business hereunder shall be subject
to relevant documents such as the corresponding separate business agreement, voucher etc. Each separate business agreement signed
according to this Agreement constitutes an integral part of this Agreement, and has the same legal effect as this Agreement.


 


Before
this Agreement enters into effect, for the previous effective "Small Enterprise Facility Agreement"/"Small Enterprise
Maximum Comprehensive Facility Agreement" or similar agreement and separate agreement, credit receiver's credit balance already
incurred in credit grantor will be deemed as the credit granting occurred hereunder. Among them, the credit balance using the
line of credit will be deemed as using the line of credit hereunder.


 


The
low risk business agreement signed by and between credit grantor and credit receiver according to this Agreement will not use
the line of credit of this Agreement, but its business agreement still belongs to the separate agreement under this agreement,
constitutes an integral part of and is bound by this Agreement. Except for otherwise agreed in such business agreement, the definition
of low risk business will be determined by internal system of credit grantor.


 


	Article 5:	The line of credit adjustment




 


During
the performance of this Agreement, provided any one of the following circumstances that might affect the interests of credit grantor,
credit grantor is entitled to adjust the line of credit and/or stop credit receiver from using the line of credit, cancel the
line of credit has not been used by credit receiver, and early recover, in whole or in part, the line of credit already used.


 


		1.	Material
                                         adverse change occurs in the market related to credit receiver's operation, or significant
                                         adjustment of national monetary policy;



 


		2.	Credit
                                         receiver's operating condition suffers significant difficulty, or material adverse change
                                         occurs in financial condition;



 


		3.	Credit
                                         receiver initiatively or is forced into suspense of business, winding-up, reorganization,
                                         dissolution or bankruptcy;



 






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		4.	Credit
                                         receiver is involved in major litigation, arbitration, or administrative or criminal
                                         punishment; or major credit event occurs between credit receiver and other creditor,
                                         including but not limited to defaults on other bank loans, defaults on supplier's payment
                                         for goods etc.



 


		5.	Credit
                                         receiver clearly expresses or its own behavior indicates that it will not perform obligations
                                         as agreed in this Agreement or other agreement signed with credit grantor;



 


		6.	Credit
                                         receiver provides false material or conceals important business and financial facts;



 


		7.	Credit
                                         receiver fails to perform the obligations agreed in this Agreement or separate facility
                                         agreement;



 


		8.	Credit
                                         event occurs under other agreement signed by and between credit receiver and credit grantor;



 


		9.	Credit
                                         receiver conducts assets transfer, secretly withdrawal of funds, debt evasion or other
                                         actions damaging or might damage the interests of credit grantor;



 


		10.	Credit
                                         receiver or its senior managerial staff is involved in or suspected of illegal operating
                                         behavior;



 


		11.	Circumstances
                                         such as separation, merger, major merger, acquisition and reorganization, restructuring
                                         etc. occurs in credit receiver;



 


		12.	Credit
                                         receiver loses business creditworthiness;



 


		13.	Change
                                         of controlling shareholder, actual controller in credit receiver; or credit receiver's
                                         controlling shareholder, actual controller, legal representative, senior managerial staff
                                         is involved in major events, including but not limited to being involved in or suspected
                                         of lawbreaking behavior, being involved in litigation or arbitration case, serious deterioration
                                         of financial condition or declaration of bankruptcy, dissolution etc.



 


		14.	The
                                         collateral providing guarantee for credit business hereunder suffers damage or loss,
                                         value devaluation, dispute over ownership, and other circumstances adverse to the rights
                                         and interests of credit grantor;



 


		15.	The
                                         guarantor of credit business hereunder defaults, including but not limited to that materials
                                         and formalities provided by guarantor are false; guarantor violates other agreements
                                         signed with credit grantor or other person, or engages in litigation or arbitration due
                                         to the dispute arising from such agreement; being forced into or initiatively suspense
                                         of business; major operational error occurs; being involved in or suspected of lawbreaking
                                         behavior; evasion of bank debts; merger, acquisition and reorganization or other circumstances
                                         might weaken its guarantee ability etc.;



 


		16.	Other
                                         circumstances endangering or might endanger the rights and interests of credit grantor.



 






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	Article 6:	Guarantee type, see Item 4 of the Attached Table hereto,
credit grantor and credit receiver may change the guarantee type of this Agreement by signing a supplementary agreement.




 


	Article 7:	Credit receiver's commitment




 


		1.	As
                                         required by credit grantor, regularly or timely submit its financial statements (including
                                         but not limited to annual statement, quarterly statement, and monthly statement) and
                                         other relevant materials to credit grantor;



 


		2.	Accept
                                         and cooperate with credit grantor's examination and supervision on its line of credit
                                         use condition and relevant production, operation and financial activities;



 


		3.	If
                                         credit receiver and guarantor hereto sign counter guarantee agreement or similar agreement
                                         for its guarantee obligation, such agreement will not impair any right of credit grantor
                                         hereunder;



 


		4.	In
                                         case of circumstances might have impact on credit receiver or guarantor's financial condition
                                         and performance capabilities, including but not limited to any form of change in operation
                                         mode such as separation, merger, joint operation, joint venture with foreign investor,
                                         cooperation, agreement operation, reorganization, restructuring, plan for IPO etc.; reduction
                                         of registered capital, major transfer of assets or equity, undertaking major liabilities;
                                         or setting new major liabilities to securities, seizure of collateral; dissolution, withdrawal,
                                         filing (being filed) for bankruptcy; or involved in major litigation or arbitration case,
                                         the credit receiver shall inform credit grantor timely;



 


		5.	For
                                         other matters not agreed in this Agreement and separate agreement, credit receiver agrees
                                         to handle according to relevant regulations and business practices of credit grantor.



 


	Article 8:	Credit receiver's violation of any agreement and commitment
of this Agreement or specific business agreement will constitute breach of this Agreement; credit grantor is entitled to early
recover any fund under the line of credit, and is entitled to terminate this Agreement and specific business agreement.




 


	Article 9:	Agreement modification, rescission and exercise of
rights




 


		1.	Modification
                                         or rescission of this Agreement shall be carried out in writing and by mutual agreement.



 


		2.	During
                                         the effective period of this Agreement, credit grantor's any tolerance or moratorium
                                         in respect of any nonconformance or delay behavior of credit receiver, or credit grantor
                                         delays exercising the rights enjoyed by it will not impair, affect or restrict any rights
                                         enjoyed by credit grantor as a creditor pursuant to the provisions of this Agreement
                                         and relevant laws, administrative regulations and normative documents, nor be deemed
                                         as credit grantor's permission or approval on any act breaching this Agreement, nor be
                                         deemed as credit grantor's waiving the rights to take action against existing or future
                                         nonperformance.



 






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		3.	When
                                         any terms of this Agreement become void in whole or in part legally for whatever the
                                         reason, credit receiver shall still bear all responsibilities hereof. In case of the
                                         foregoing circumstances, credit grantor is entitled to terminate this Agreement and may
                                         immediately claim compensation from credit receiver, and some agreement terms are void
                                         will not affect the effect of other agreement terms.



 


		4.	Credit
                                         receiver hereby confirms that, for the contact address, telephone number and fax number
                                         ascertained herein, credit grantor may inform credit receiver by means of mailing, phone
                                         call or fax etc. If credit receiver fails to inform credit grantor the changed contact
                                         address, telephone number and fax number, and credit grantor transmits relevant notice
                                         and document according to the original communication method, it will be deemed as have
                                         been served.



 


		5.	Any
                                         notice, document etc. related to this Agreement between contracting parties shall be
                                         sent in writing.



 


		6.	The
                                         conclusion of this Agreement does not represent credit grantor's credit commitment to
                                         credit receiver, when using the line of credit hereunder, credit receiver shall propose
                                         application one by one, credit grantor is entitled to review according to its own financial
                                         status, credit receiver's operating condition and credit purpose etc., and decide whether
                                         or not to agree upon granting of loans, credit receiver hereby accepts this and has no
                                         objection.



 


	Article 10:	Please refer to Item 5 of Attached Table hereto for
special covenants.




 


	Article 11:	Please refer to Item 6 of Attached Table hereto for
governing law and dispute settlement.




 


	Article 12:	Agreement effectiveness




 


		This Agreement
    will become effective after it is signed by authorized signatory and affixed with official seal (or contract seal) of credit
    receiver and credit grantor.




 


	Article 13:	Please refer to Item 7 of Attached Table hereto for
counterparts.




 






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Attached
Table


 





	Item 1	Contracting parties	 	Credit receiver:	Qingdao Tiandihui Foodstuffs Co., Ltd.
	 	 	 	Domicile:	No. 2521, Tiejueshan Road, Huangdao District




	 	 	 	Postal code: 266000	Legal representative:	Cui Rongfeng
	 	 	 	Fax:___________ 	Tel.: _____________
	 	 	 	Credit grantor:	Postal Savings Bank of China LLC Qingdao
Shibei District Weihai Road Sub-branch 




	 	 	 	Domicile:	No. 66, Weihai Road, Shibei
District, Qingdao




	 	 	 	Postal code: 266000	Responsible person:	Li Ningning




			 	Fax: 0532 -66063085	Tel.: 0532
                                         -66987430




	 	 	 	 	 	 
	Item 2	Amount of the line of credit	 	The amount of the line of credit
hereunder is: currency: RMB, amount (in words) RMBTwo Million only, (in figures) ¥2,000,000.00
(in case of discrepancy between the contents in words and in figures, the contents in words shall prevail)(similarly hereinafter).




	 	 	 	 
	Item 3	Period of the line of credit	 	The validity period of the line
of credit hereunder is from March 25, 2017 to March 22, 2018.




	 	 	 	 
	 	 	 	For the liabilities of credit receiver to credit grantor incurred according to this Agreement and separate agreement, both parties agree to guarantee by adopting the following method:    
	 	 	 	 
	Item 4	Guarantee type	 	☐  Mortgagor
/ to provide the maximum mortgage guarantee.




	 	 	 	 
	 	 	 	☐  Pledgor /  to provide the
maximum pledge guarantee.





	 	 	 	 
	 	 	 	■  Guarantors
Cui Rongfeng and Wang Yanjuan to provide the maximum warranty guarantee.




	 	 	 	 
	 	 	 	☐  Subject to the guarantee
type confirmed in each separate business agreement hereunder.
 
	 	 	 	 
	Item 5	Special covenants	 	Both parties unanimously agree to make the following agreement:     /


 






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	Item 6	Dispute and settlement	
        In case of any dispute during performance
        of this Agreement, both parties may settle it through consultation or mediation. If consultation or mediation fails, it shall be
        settled according to the No. 1 method below:

         

        1.       File
        a lawsuit to the competent people's court in credit grantor's place of domicile.

         

        2.       Apply
        to / Arbitration Commission for arbitration according to the then effective arbitration rules of such commission, and the
        arbitration award is final and binding upon both parties.

         

        During the period of litigation or arbitration,
        terms of this Agreement not involved in dispute shall still be performed.

	Item 7	Counterparts	This Agreement is made in triplicate,
credit receiver holds one copy, credit grantor holds two copies, and each copy shall have the same legal effect.




	Credit receiver has read all terms of this Agreement, as requested by credit receiver; credit grantor has made explanation on corresponding terms of this Agreement. Credit receiver has completely learned about and fully understood the meanings of terms hereof and the corresponding legal consequences.


 





	Credit receiver:	Qingdao Tiandihui Foodstuffs Co.,
                                                       Ltd.




	 	Credit grantor:



	Postal
                                         Savings Bank of China LLC Qingdao
                                         Shibei District Weihai Road Sub-branch




	 	 	 	 	
	(Official seal or contract seal):


	 	(Official seal or contract seal):



	 	 	 	 	 
	Qingdao Tiandihui Foodstuffs Co., Ltd. (Seal)	 	Postal Savings Bank of China LLC Qingdao
                                         Shibei District Weihai Road Sub-branch
 
	 	 	 	 
	Authorized signatory

(Signature)



	Cui Rongfeng

                                         (Signature)



	 	Authorized signatory

(Signature):	Li Ningning 

    (Signature)
	 	 	 	 	 
	                      March 27, 2017	 	                          March 27, 2017





 


 


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