Exhibit 10.2


 


THE EXCLUSIVE SERVICE AGREEMENT


 


BETWEEN


 


QILIAN SHAN INTERNATIONAL TRADE (HAINAN) CO., LTD


 


AND


 


GANSU QILIANSHAN PHARMECEUTICAL CO., LTD.


 


December 1, 2022


 


This   EXCLUSIVE SERVICE AGREEMENT (this “AGREEMENT”)
is entered into as of December 1, 2022 (“SIGNING DATE”) in Jiuquan City, the People’s Republic of China (“CHINA”
or “PRC”) by and among the following Parties:


 


(1) QILIAN SHAN INTERNATIONAL TRADE (HAINAN) CO., LTD (“Hainan
Trading”), a limited liability company legally established under the laws of PRC, Registered Address: A8, 12th Floor, Huaneng Building,
No. 36 Datong Road, Longhua District, Haikou City, Hainan Province.


 


(2) GANSU QILIANSHAN PHARMACEUTICAL Co.,Ltd. (“Gansu
QLS”), a limited liability company legally established under the laws of PRC, REGISTERED ADDRESS: Jiuquan Economic and Technological
Development Zone,Jiuquan City, Gansu Province, People’s Republic of China.


 


(In this Agreement, Hainan Trading and Gansu QLS shall hereinafter
be referred to as a “PARTY” individually, and collectively “PARTIES”.)


 


WHEREAS:


 


1. Hainan Trading is a wholly foreign owned enterprise legally established
and validly existing in China, mainly engaged in enterprise management service and in technical advisory service;


 


2. Gansu QLS is a limited liability company legally established and
validly existing in China, mainly engaged in the production and sale of API (oxytetracycline, tetracycline), extracts, extractum liquidum,
tablets, hard capsules; operating the company's own products and various raw materials, intermediates, traditional Chinese medicine materials,
chemical products (Domestic and foreign trade of veterinary APIs and technologies; hazardous waste treatment and utilization. 


 


3. As agreed by the Parties, Gansu QLS expects that Hainan Trading
provides Gansu QLS with technical advisory services, as well as other services in relation to business operation of enterprise.


 


The Parties sign this agreement to confirm the provisions and conditions.
Whereas, Hainan Trading would provide Gansu QLS with consulting and other relevant services:


 


ARTICLE 1 - DEFINITION AND INTERPRETATION


 


1.1 Unless to be otherwise interpreted by the terms or in the context
herein, the following terms in this Agreement shall be interpreted to have the following meanings:


 


“HAINAN Trading” means QILIAN SHAN INTERNATIONAL TRADE
(HAINAN) CO., LTD .


 


“GANSU QLS” means Gansu Qilianshan Pharmaceutical Co.,
Ltd.


 






     


     


    

 


“GANSU QLS BUSINESS” means all the business actions legally
performed by Gansu QLS, currently or at any time during term of validity of this Agreement;


 


“SERVICE” means the services in relation and exclusively
provided to Gansu QLS within the approved business scope of Hainan Trading, as stipulated by Article 2.4 of this Agreement;


 


“SERVICE FEES” means the services in relation and exclusively
provided to Gansu QLS within the approved business scope of Hainan Trade, as stipulated by Article 2.4 of this Agreement;


 


“CHINA” means People’s Republic of China (excluding
Hong Kong Special Administrative Region, Macao Special Administrative Region and Taiwan Region);


 


1.2 References in this Agreement to any laws and regulations (the “LAWS”)
shall include reference :


 


	 	(1)	at the same time to the amendments, changes, supplements and reformulations of such Laws, whether or not the effectiveness of the same is prior to or after the execution of this Agreement; and


 


	 	(2)	at the same time to other decisions, notices and rules formulated or becoming effective according to such Laws.


 


1.3 Unless otherwise specified in the context of this Agreement, the
Article, sub-article, section or paragraph mentioned herein shall refer to the corresponding content in this Agreement accordingly.


 


ARTICLE 2 - SERVICES


 


2.1 During the term of validity of this Agreement, Gansu QLS exclusively
entrusts management and consulting services to Hainan Trade, agrees to irrevocably entrust the right of management and operations of Gansu
QLS to Hainan Trade. Hainan Trade shall provide the aforesaid services diligently, in accordance with the business requirements and specific
requests at any time from Gansu QLS.


 


2.2 The purpose of the entrusted operation is that Hainan Trade shall
be in charge of the normal business operations of Gansu QLS, and provide full managements to Gansu QLS’s operations.


 


2.3 The contents of the entrusted operation shall include but not be
limited to the following:


 


	 	(1)	Hainan Trade shall be in charge of all aspects of Gansu QLS’s operations; nominate and replace the members of Gansu QLS’s board of directors, and engage Gansu QLS’s management staff and decide their compensation;


  


	 	(2)	Hainan Trade shall control and manage all the matters of Gansu QLS, including but not limited to internal financial management, day-to-day operation, external contract execution and performance, tax filing and payment, change of rights and personnel;


 


	 	(3)	Hainan Trade shall manage and control all the funds of Gansu QLS, including but not limited to current working capital, recovered account receivables, and the payment of all account payables and operation expenses, employee salaries and asset purchases. The accounts of Gansu QLS shall be managed solely by Hainan Trade;


 


	 	(4)	Hainan Trade shall enjoy all the other responsibilities and rights enjoyed by Gansu QLS’s investors in accordance with the applicable law and the articles of association of Gansu QLS, including but not limited to the following:


 


	 	a)	Deciding Gansu QLS’s operation principles and investment plan;
	 	b)	Nominating the members of the board of directors;
	 	c)	Discussing and approving the report of the executive officers;
	 	d)	Discussing and approving the annual financial budget and settlement plan;
	 	e)	Discussing and approving the profit distribution plan and the loss compensation plan;
	 	f)	Resolving on the increase or decrease of the registered capital;
	 	g)	Resolving on the issuance of the corporate bond;
	 	h)	Resolving on the matters including merger, division, change of corporate form, dissolution and liquidation of the company;
	 	i)	Amending the articles of association;
	 	j)	Other responsibilities and rights provided by Gansu QLS’s articles of association.


 






     


     


    

 


(5) Hainan Trade enjoys all the other responsibilities and
rights enjoyed by Gansu QLS’s board of directors and executive officers in accordance with the applicable law and the articles of
association of Gansu QLS, including but not limited to the following:


 


	 	a)	Executing the resolution of the investors;
	 	b)	Deciding the company’s operation plan and investment scheme;
	 	c)	Composing the annual financial budget and settlement plan;
	 	d)	Formulating the profit distribution plan and the loss compensation plan;
	 	e)	Formulating the plans regarding to the increase or decrease of the registered capital and the issuance of the corporate bond;
	 	f)	Formulating the plans regarding to the matters including merger, division, change of corporate form and dissolution of the company;
	 	g)	Deciding on the establishment of the internal management structure of the company;
	 	h)	Formulating the basic rules and regulations of the company;
	 	i)	Representing the company to sign relative documents;
	 	j)	Other responsibilities and rights provided by Gansu QLS’s articles of association.


 


2.4 As the Parties understand, the scope of services that Hainan Trade
provides shall subject to the approved business scope of Hainan Trade; as Gansu QLS requires services out of the approved business scope
of Hainan Trade, Hainan Trade would apply to enlarge its business scope to the maximum extent permitted by law, and provide the required
services after being approved.


 


2.5 The said entrustment is irrevocable and shall not be withdrawn,
unless the Agreement is terminated pursuant to written agreement of both parties.


 


ARTICLE 3 - SERVICE FEES


 


3.1 As consideration of the management and consulting services that
Hainan Trade provides, Gansu QLS shall pay service fees to Hainan Trade. The amount of service fees shall be 98.297% of net profits of
Gansu QLS, with the percentage being the proportion of shares of Gansu QLS which are held by shareholders having signed the VIE Agreements,
among the total shares of Gansu QLS.


 


3.2 The amount of Service Fees agreed above shall be shared among Gansu
QLS following the proportion on an annual basis according to their actual incomes from main business assessed on or around each calendar
year end, and paid to Hainan Trade.


  


3.3 All the bank charges due to the occurrence of payment shall be
borne by Gansu QLS. All the amount of payment shall be transferred to the bank account designated by Hainan Trade, by remittance or other
means agreed by the Parties. The Parties agree that Hainan Trade could also notify Gansu QLS to change such payment order at any time.


 


3.4 Upon written agreement between Hainan Trade and Gansu QLS, the
fees agreed in Article 3.1 or their calculation percentage may be adjusted according to the circumstances in the actual performance, with
particulars thereof to be stipulated in separate supplementary agreements to be entered into between the Parties as an appendix hereto.


 


3.5 Each party shall respectively pay the tax related to their execution
and performance of this Agreement. As Hainan Trade requires, in relation to all or part of the service fee incomes, Gansu QLS shall try
its best to assist Hainan Trade enjoying the tax exemption or reduction treatment hereunder.


 


ARTICLE 4 – EXCLUSIVITY


 


4.1 The service provided by Hainan Trade in this Agreement shall
be exclusive. During the term of validity of this Agreement, unless with consent of Hainan Trade, Gansu QLS shall not sign any contract
with any third party, or accept services same as or similar with those provided by Hainan Trade, from any third party in any form. Without
prior written consent of Hainan Trade, Gansu QLS shall not accept management and consulting services from any third party.


 






     


     


    

 


ARTICLE 5 - UNDERTAKINGS AND GUARANTEES


 


5.1 For execution of this Agreement, the Parties hereby undertake and
guarantee for each of its own that:


 


	 	(1)	it is a company of limited liabilities duly registered and legally existing under the PRC laws with independent legal person status, and with full and independent status and legal capacity to execute, deliver and perform this Agreement, and may act independently as a subject of actions;


 


	 	(2)	it has full internal power and authority within its company to execute, deliver and perform this Agreement and all the other documents to be entered into by it in relation to the transaction referred to herein. This Agreement shall be executed and delivered by it legally and properly, and constitutes the legal and binding obligations on it and is enforceable on it in accordance with its terms and conditions;


 


	 	(3)	it would not violate the binding or influential laws or contracts on it as executing and performing this Agreement;


 


	 	(4)	for the purpose of performing and achieving the goal of this Agreement, it guarantees for its own to other parties that, it would execute all necessary and reasonable documents and take all necessary and reasonable actions, including but not limited to issuing necessary authorization documents;


 


	 	(5)	it shall inform promptly the other Parties of any litigation it is involved in and other disadvantageous circumstances that may affect the performance hereof, and shall endeavor at its best efforts to prevent the deterioration of losses caused by such litigation or other disadvantageous circumstances.


 


5.2 Gansu QLS further guarantees to Hainan Trade that:


 


	 	(1)	it will pay service fees to Hainan Trade on an annual basis on or around each calendar year end, in accordance to the provisions in this Agreement;


 


	 	(2)	it will maintain the validity of all licenses and qualifications in relation to its business.


 


5.3 During the term of validity of this Agreement, Gansu QLS agrees
to cooperate with Hainan Trade and the parent company of Hainan Trade (directly or indirectly) to conduct audits on relevant party transactions
and other kinds of audits, provide Hainan Trade or its entrusted auditors with information and data in relation to Gansu QLS’s operation,
business, clients, finance, staff, etc. Gansu QLS also agrees that the parent company of Hainan Trade could disclose such information
and data, in order to meet the supervision requirement at its securities’ listing spot.


 


 


ARTICLE 6 - INTELLECTUAL PROPERTY


 


6.1 The rights of intellectual property concerning the work product
created during the process of services provision by Hainan Trade hereunder shall belong to Hainan Trade.


 


6.2 If business is based on the intellectual property owned by Gansu
QLS, Gansu QLS shall ensure there is no defect on the intellectual property. Gansu QLS shall be liable for all damages and losses of Hainan
Trade incurred by defects of intellectual property rights. Hainan Trade is entitled to compensation from Gansu QLS concerning all of its
losses.


 


6.3 Notwithstanding any other provisions herein, the validity of this
Article shall not be affected by the suspension or termination of this Agreement.


 


ARTICLE 7 – CONFIDENTIALITY


 


7.1 No matter if this Agreement is terminated or not, the Parties shall
be obliged to keep in strict confidence the commercial secret, proprietary information and customer information in relation to other Parties
and any other non-open information of other Parties which they may become aware of as the result of their performance hereof (collectively,
 “CONFIDENTIAL INFORMATION”).


 


7.2 Unless with prior consent of such other Parties in writing or required
to disclose to parties other than Parties hereof according to relevant laws, regulations or listing rules, no Party shall disclose the
Confidential Information or any part thereof to any parties other than Parties hereof; unless for the purpose of performance hereof, no
Party shall use directly or indirectly the Confidential Information or any part thereof for any other purposes, or it shall bear the default
liability and indemnify the losses.


 






     


     


    

 


7.3 Upon termination of this Agreement, the Parties shall, upon
demand by other Parties, provide the Confidential Information, return, destroy or otherwise dispose of all the documents, materials or
software containing the Confidential Information and suspend using such Confidential Information.


 


7.4 Notwithstanding any other provisions herein, the validity
of this Article shall not be affected by the suspension or termination of this Agreement.


 


ARTICLE 8 - AGREEMENT TERM


 


8.1 The Parties hereby confirm that, once this Agreement is formally
executed by the Parties, this Agreement shall be retrospectively effective as far as the execution date.


 


8.2 Unless terminated earlier by the Parties in writing, this Agreement
shall be valid for a term of ten (10) years, and renew automatically by ten (10) years after expiration, with no limit on times of renewal.


 


8.3 Notwithstanding the provisions in the preceding sentence, Hainan
Trade has the right to terminate this Agreement at any time on its sole discretion, provided that it has notified Party B in written form
thirty (30) days in advance.


 


ARTICLE 9 – NOTICE


 


9.1 Any notice, request, demand and other correspondences made
as required by or in accordance with this Agreement shall be made in writing and delivered to the relevant Party.


 


9.2 The abovementioned notice or other correspondences shall be
deemed to have been delivered when it is transmitted if transmitted by facsimile or telex; it shall be deemed to have been delivered when
it is delivered if delivered in person; it shall be deemed to have been delivered five (5) days after posting the same if posted by mail.


 


ARTICLE 10 - DEFAULT LIABILITY


 


10.1 The Parties agree and confirm that, if any Party (the “DEFAULTING
PARTY”) breaches substantially any of the agreements made under this Agreement, or fails substantially to perform any of the obligations
under this Agreement, such a breach shall constitute a default under this Agreement (a “DEFAULT”), then the non-defaulting
Party whose interest is damaged thereby shall have the right to require the Defaulting Party to rectify such Default or take remedial
measures within a reasonable period. If the Defaulting Party fails to rectify such Default or take remedial measures within such reasonable
period or within ten (10) days of the non-defaulting Party notifying the Defaulting Party in writing and requiring it to rectify the Default,
then the non-defaulting Party shall have the right, at its own discretion, to:


 


	 	(1)	terminate this Agreement and require the Defaulting Party to indemnify it fully for the damage; or


 


	 	(2)	demand the enforcement of the Defaulting Party’s obligations hereunder and require the Defaulting Party to indemnify it fully for the damage.


 


10.2 Notwithstanding any other provisions herein, the validity of this
Article 10 shall not be affected by the suspension or termination of this Agreement.


 


ARTICLE 11 - GOVERNING LAW AND DISPUTE RESOLUTION


 


11.1 The formation, validity, execution, amendment,
interpretation and termination of this Agreement shall be subject to the PRC Laws.


 


11.2 Any dispute arising hereunder and in connection herewith shall
be settled through consultations among the Parties, and if the Parties cannot reach an agreement regarding such disputes within thirty
(30) days of their occurrence, such disputes shall be submitted to China International Economic and Trade Arbitration Commission in Beijing
for arbitration in accordance with the arbitration rules of such Commission, and the arbitration award shall be final and binding on the
Parties involved in such dispute. 


 






     


     


    

 


11.3 Unless otherwise awarded by the arbitration
court, the losing party should bear all the arbitration or prepaid expenses(including but not limited to arbitration expense, arbitrator
and lawyer’s fee, travelling expense, etc.).


 


ARTICLE 12 - FORCE MAJEURE


 


In the event of earthquake, typhoon, flood, fire, war, computer virus,
loophole in the design of tooling software, internet system encountering hacker’s invasion, change of policies or laws, and other
unforeseeable or unpreventable or unavoidable event of force majeure, which directly prevents a Party from performing this Agreement or
performing the same on the agreed condition, the Party encountering such a force majeure event shall forthwith issue a notice by a facsimile
and, within thirty (30) days, present the documents proving the details of such force majeure event and the reasons for which this Agreement
is unable to be performed or is required to be postponed in its performance, and such proving documents shall be issued by the notaries
office of the area where such force majeure event takes place. The Parties shall consult each other and decide whether this Agreement
shall be waived in part or postponed in its performance with regard to the extent of impact of such force majeure event on the performance
of this Agreement. No Party shall be liable to compensate for the economic losses brought to the other Parties by the force majeure event.


 


ARTICLE 13 – TRANSFER


 


13.1 No Party shall assign any of its rights and/or obligations hereunder
to any parties other than the Parties hereof without the prior written consent from the other Parties.


 


13.2 As for transfer with the consent, this Agreement shall be binding
on the legal successors of the Parties.


  


ARTICLE 14 - SEVERABILITY


 


Each provision contained herein shall be severable and independent
from each of other provisions, and if at any time any one or more articles herein become invalid, illegal or unenforceable, the validity,
legality or enforceability of the remaining provisions herein shall not be affected as a result thereof.


 


ARTICLE 15 - AMENDMENT AND SUPPLEMENT


 


Any amendment or supplement to this Agreement shall be made in writing
and take effect as part of this Agreement when properly signed by the Parties, which shall have the same legal effect as this Agreement.


 


ARTICLE 16 - TEXT


 


This Agreement shall be prepared in the Chinese language in three (3)
original copies, with each involved Party holding one (1) copy hereof. Each original copy has the same legal effect.


 


ARTICLE 17 - MISCELLANEOUS


 


17.1 The rights and obligations of each of Gansu QLS Subsidiaries hereunder
are independent and severable from each other, and the performance by any of Gansu QLS Subsidiaries of its obligations hereunder shall
not affect the performance by any other of Gansu QLS Subsidiaries of their obligations hereunder.


 


17.2 Any failure or delay by a Party in exercising any of its rights,
powers and remedies hereunder or in accordance with laws (the “PARTY’S RIGHTS”) shall not lead to a waiver of such rights,
and the waiver of any single or partial exercise of the Party’s Rights shall not preclude such Party from exercising such rights
in any other way and exercising the remaining part of the Party’s Rights.


 


17.3 The titles of the Articles contained herein shall be for reference
only, and in no circumstances shall such titles be used in or affect the interpretation of the provisions hereof.


 






     


     


    

 





	 	QILIAN
SHAN INTERNATIONAL TRADE (HAINAN) CO., LTD.
	 	 
	 	By:
    [OFFICIAL BUSINESS SEAL]
	 	Name:
	 	Title:
	 	 
	 	GANSU
    QILIANSHAN PHARMACEUTICAL CO.,LTD.
	 	 
	 	By:
    [OFFICIAL BUSINESS SEAL]
	 	Name:
	 	Title: