Exhibit
10.16


 


Three
Parties Agreement


 


on
Creditor’s Rights and Debts


 


Party
A: SMARTEN TECHNOLOGY CO.,LTD


 


Address:
Rm 5013,No.57 Guangda Road, Banan Community, Yuanshan Street,


Longgang
District, Shenzhen City


Unified
social credit code: 914403003194288778


 


Party
B: NICK NIANQING ZENG / N.ZENG & COMPANY,INC


 


Address:
P.O.Box 5413,New York, NY 10185-5415


 


Passport
No. :43-1975097(FED IC) Tel:18025456105


 


Party
C:NAN DU


 


Address:
Rm 502, Block C, No.1 Building, Dongdu Central Throne, Longcheng Street,


Longgang
District, Shenzhen City


ID
No.: 411303198208060547 Tel:18621083096


 


After
equal and voluntary negotiation, Party A, Party B and Party C have reached the following agreement on the repayment of creditor’s
rights and debts:


 


1.
As of the date of signing this agreement, the three parties have confirmed that Party B has lent a total of RMB 364500 to Party A through
Party C’s account.


 


2.
The payment and repayment plan for both parties A & B are as follows.


 


2.1.
Party A shall calculate and pay the loan interest monthly from July 1, 2020, and the monthly interest rate shall be calculated at 1.5%
and paid before the 10th of the next month.


 


2.2.
Party A will repay all principal before December 31, 2020.


 


3.
After Party A fulfills the payment obligation to Party B in accordance with this agreement, this debt of Party A to Party C will be settled.


 


4.
After the signing of this agreement, Party B shall not require Party C to pay. If the principal and interest are not paid on time due
to Party A’s reasons, Party B shall require Party A to bear the liability for breach of contract within the scope of the principal
and interest of Party B’s unpaid creditor’s rights.


 


5.
In case of any dispute arising from the performance of this agreement, the parties shall negotiate friendly. If the negotiation fails,
they may bring a lawsuit to the people’s court where Party A is located.


 


6.
This agreement is made in triplicate, with each party holding one copy, which shall com e into force after being signed and sealed by
the three parties.


 


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text on this page>


 


	Party
    A: SMARTEN TECHNOLOGY CO.,LTD	 	Party
    B:NICK NIANQING ZENG
	(stamp)	 	 
	 	 	 
	X	 	X
        /s/ NICK ZENG
	 	 	 
	Party
    C: NAN DU	 	 
	 	 	 
	X
    /s/ NAN DU	 	 


 




    	 



    	 



    

 


Debt
Extension Agreement


 


PARTY
A : SMARTEN TECHNOLOGY CO.,LTD


 


ADD
: Rm 5013,No.57 Guangda Road,Banan Community,Yuanshan Street,Longgang District,Shenzhen City


 


Unified
social credit code: 914403003194288778


 


PARTY
B : Nick Zeng


 


ADD
:P.O.Box 5415 New York,NY 10185-5415


 


ID
No. : 43-1975097 (FED ID)


 


Tel:(212)602-1188


 


1.
This agreement is the deferred repayment agreement of the debt deferred repayment agreement signed on June 30, 2020


 


2.
Reasons for extension


 


Due
to the impact of the epidemic, Party A has difficulty in working capital and cannot repay the loan on schedule.


 


3.
The original arrears amount and the original arrears interest rate


 


Original
arrears: RMB 364500


 


Original
arrears interest rate: 1.5% monthly interest rate,Interest generated: RMB 32805.


 


4.
Amount of arrears for the extension period and interest rate of the arrears for the extension period


 


Amount
of deferred arrears: RMB 397305


 


Interest
rate of deferred arrears: 1.5% per month


 




    	 



    	 



    

 


5.
Extension period: 2021.01.01-2021.6.30


 


6.
Extension arrears and interest payment method


 


Deferred
repayment RMB 433062.45.


 


7.
During the extension period, Party A can repay all or part of the arrears in advance according to the actual situation, and the part
repaid in advance will not pay interest


 


8.
During the extension period, Party A shall take the initiative to repay the arrears. If Party A fails to repay the arrears on time, Party
B requires Party A to bear the liability for breach of contract within the scope of the principal and interest of Party A’s outstanding
creditor’s rights


 


9.
This agreement is made in duplicate, with each party holding one copy.


 


It
will come into force after being signed and sealed by both parties. Other matters not covered herein shall be decided by both parties
through negotiation.


 


	PARTY
    A : SMARTEN	 	PARTY
    B : Nick Zeng
	TECHNOLOGY
    CO.,LTD	 	 
	 	 	 
	[STAMP]
    /s/	 	/s/
    Nick Zeng


 




    	 



    	 



    

 


Debt
Extension Agreement


 


PARTY
A : SMARTEN TECHNOLOGY CO.,LTD


 


ADD
: Rm 5013,No.57 Guangda Road,Banan Community,Yuanshan Street,Longgang District,Shenzhen City


 


Unified
social credit code: 914403003194288778


 


PARTY
B : Nick Zeng


 


ADD
:P.O.Box 5415 New York,NY 10185-5415


 


ID
No. :43-1975097 (FED ID)



 


Tel:(212)602-1188


 


1.
This agreement is the deferred repayment agreement of the debt deferred repayment agreement signed on December 31, 2020


 


2.
Reasons for extension


 


Due
to the impact of the epidemic, Party A has difficulty in working capital and cannot repay the loan on schedule.


 


3.
The original arrears amount and the original arrears interest rate


 


Original
arrears: RMB397305


 


Original
arrears interest rate: 1.5% monthly interest rate,


 


Interest
generated: RMB 35757.45


 


4.
Amount of arrears for the extension period and interest rate of the arrears for the extension period


 


Amount
of deferred arrears: RMB 433062.45


 





Interest
rate of deferred arrears: 1.5% per month


 


5.
Extension period: 2021.07.,01-2021.12.31


 










    	 



    	 



    

 


6.
Extension arrears and interest payment method


 


Deferred
repayment RMB 472038.07


 


7.
During the extension period, Party A can repay all or part of the arrears in advance according to the actual situation, and the part
repaid in advance will not pay interest


 


8.
During the extension period, Party A shall take the initiative to repay the arrears. If Party A fails to repay the arrears on time, Party
B requires Party A to bear the liability for breach of contract within the scope of the principal and interest of Party A’s outstanding
creditor’s rights


 


9.
This agreement is made in duplicate, with each party holding one copy.


 


It
will come into force after being signed and sealed by both parties. Other matters not covered herein shall be decided by both parties
through negotiation.


 


	PARTY
    A : SMARTEN	 	PARTY
    B : Nick Zeng
	TECHNOLOGY
    CO.,LTD	 	 
	 	 	 
	[STAMP]
    /s/	 	/s/
    Nick Zeng