Document:

Exhibit 10.20

 

No: 98842022280249

 

 

 

 

SPD BANK

 

 

 

 

 

contract for loans of working capital

 

 

 

 

 

 

 

     

     

    

 

Contract for loans of working capital

 

Borrower: ChinaLink Professional Services Co.,
Ltd.

 

Principal business address:2nd floor, building
18, No. 498, GuoShouJing Road, Pudong New Area, Shanghai

 

	The contact:Lisa Wu	 	Tell:021-31268010
	Fax:/	 	 Email:lisa.wu@clpsglobal.com

 

Lender:Shanghai Pudong Development Bank
Co., LTD. Jinqiao Branch

 

Principal business address:No.509 Jinqiao
Road, Pudong New Area, Shanghai

 

The contact:Lin Xie Tell:021-58994702

 

Whereas;

 

the borrower applies to the
lender for working capital loan due to capital turnover needs; Upon review, the Lender agrees to release the loan in accordance with the
terms and conditions of this Contract. In order to clarify the rights and obligations of both parties, both parties hereby enter into
this Contract for compliance with the relevant laws, regulations and rules of the People’s Republic of China through mutual agreement.

 

At the same time, the borrower
and the lender confirm the following principal terms (please select in the box below according to the situation, tick X if not selected);

 

☒ This contract,
as the number of a/financing bottle degree of agreement (hereinafter referred to as the credit line agreement) affiliated with the
financing documents signed, this contract comes into force, all its terms and conditions are incorporated into the financing credit
agreement, and as a part of (if the borrower have previously signed the melt line agreement, should choose the project, and indicate
the credit line agreement number);

 

þ
This contract is an independent credit document signed between the borrower and the lender (this item should be selected if the
borrower and the lender have not signed the financing line agreement);

 

☒ The guarantor has
been informed that the purpose of the loan under this contract is to repay the loan under the original contract name: Date of
signing: No: .(Select this item if the purpose of borrowing is to repay the old or renew the loan)

 

    2

     

    

 

The Part One Commercial terms

 

		1.	Types of Loans: þ
                                                                                                                                                                Short-term working capital loans ; بم mid-term liquidity loan,

 

		2.	loan
amount under this contract is RMB(currency) 10 million

 

		3.	the
specific use of loan under this contract as follows: payroll

 

		4.	the
time limit for the loan under this contract (in the following box, please, don’t choose to play x)

 

þ since 9th  May 2022 to  8th  May
2023. 

 

☒ From the date of first
withdrawal/ year(or / months)

 

The actual withdrawal date
and repayment date shall be the date recorded on the ious (loan certificate) issued by the lender and the borrower. The last repayment
date shall not exceed the loan term agreed herein. The loan (loan certificate) is an integral part of this contract.

 

5.The interest rate
of the loan under this Contract is (please tick V in the box below and x if not)

 

þ
(1) the RMB loans Interest Rate :

 

Each loan under this Contract
shall be issued according to the loan market quoted APR (term) -1 BPS published by The National Inter-Bank Lending Center at the end of
the day prior to the actual date of loan issuance. If the calculated interest rate is less than 0%, it shall be implemented as 0%. (The
quoted market interest rate is the annual interest rate, which can be found through the National Inter-bank Lending Center and the website
of the People’s Bank of China)

 

After each loan is issued,
if the quoted interest rate of the loan market is adjusted during the loan term, the loan interest rate (please put a in the box below
and x in case of non-I):

 

þ
Fixed interest rate without adjustment;

 

☒ Since interest
rates adjust interest rates to adjust interest rates before a complex day by day the national interbank funding center published in
this article the contract term loan market quotation rate (LPR) as the base, the way of fixed interest rate floating point and
calculating constant, specific interest rates adjust below (please v is selected in the following box, does not escape the x) :

 

☒ The interest
rate is adjusted by year, and the interest rate adjustment day is the corresponding day of the actual loan issuing date in the
corresponding month of the next Gregorian calendar year. If there is no corresponding day of the actual loan issuing date in the
corresponding month of the next Gregorian calendar year, the interest rate adjustment day is the last day of the actual loan issuing
date in the corresponding month of the next Gregorian calendar year:

 

☒ Adjust the
interest rate according to year, the interest rate adjustment date is January 1 of each year;

 

☒ Adjust the
interest rate according to the interest settlement date, and the interest rate adjustment day is the next day of the interest
settlement date;

 

☒ Quarterly
adjustment of interest rate, interest rate adjustment day for the end of each quarter on a monthly basis,;

 

    3

     

    

 

		☒	interest rate adjustment day for a monthly/daily

 

		☒	other agreement (specific interest rate adjustment day),

 

		☒	(2) interest rate of foreign currency loan;

 

each loan under this Contract
will be issued at the rate of ___(LIBORAHIBORSIBOR) published by the Lender on the date of disbursement plus/BPS.

 

		☒	After each loan under this joint venture is issued, the loan
interest rate shall be adjusted by .

 

		☒	Fixed rate, that is, the interest rate is not adjusted.

 

	6.	The
method of loan settlement under this Contract is (please check the box below/tick X if not selected):

 

		☒	On a monthly basis, the settlement date is the second +(20)
day of each month;

 

		þ	Quarterly, then the settlement date is the twentieth (20th)
day of the last month of each quarter:

 

		☒	Other methods:

 

And
each repayment interest under this contract is clear with this.

 

	7.	Penalty
interest rate under the Contract is:

 

	 	(1)	This overdue penalty interest rate shall be applied at the loan execution rate applicable on the date of penalty interest collection plus 30 %.

 

	 	(2)	If the loan is not used in accordance with the purpose agreed herein, the penalty interest rate will be calculated and the loan execution interest rate applied on the penalty interest date shall be charged plus 50%.

 

	8.	The drawdown period of the loan under the Contract is from
May 9, 2022 to May 29, 2022. The first withdrawal shall be made before May 29, 2022

 

	9.	The withdrawal plan for the loan under this Contract is as
follows (please select√ in the box below, tick X if you do not select)

 

the withdrawal plan is shown in the table below:

 

	NO	The withdrawal date	On withdrawals
	1	 	 

 

☒ Other withdrawal plans: ___/_______
..

 

		10.	The repayment plan of the loan under this Contract is as
follows (Please tick √in the box below, if not, tick x)

 

	NO	Repayment date	Reimbursement amount
	1	 	 

 

	11.	Liquidated damages for loan repayment in advance; Equivalent
to 0% or RMB(currency) 0 the actual amount of loan repaid in advance

 

	12.	The principal amount of loan repayment in advance shall not
be less than RMB(currency) 0

 

    4

     

    

 

13. Account opening (select one of the following
modes for RMB loans, select the special account mode for foreign currency loans, and mark X for those not selected)

 

þ
Unsegregated account mode:

 

		(1)	The
general settlement account opened by the borrower with the lender is:

 

Bank:Shanghai Pudong
Development Bank Co., LTD. Jinqiao Branch

 

Bank account name:ChinaLink
Professional Services Co., Ltd.

 

Bank account number:98840078801600002917

 

		(2)	the
borrower’s fund recovery account opened with the lender is:

 

Bank:Shanghai Pudong Development Bank
Co., LTD. Jinqiao Branch

 

Bank account name:ChinaLink
Professional Services Co., Ltd.

 

Bank account number:98840078801600002917

 

☒ Special Account
mode

 

	 	(1)	The special account for working capital loan opened by the borrower with the lender is:

 

Bank: _____/_________ .

 

Bank account name: _____/_________ .

 

Bank account number: _____/_________ .

 

	 	(2)	The general settlement account opened by the borrower with the lender is:

 

Bank: _____/_________ .

 

Bank account name: _____/_________ .

 

Bank account number: _____/_________ .

 

	 	(3)	The Borrower’s fund recovery account opened with the Lender is:

 

Bank: _____/_________ .

 

Bank account name: _____/_________ .

 

Bank account number: _____/_________ .

 

14. Entrusted Payment by the
Lender: if the payment object is clear and the single managed payment amount exceeds (currency amount) the loan fund payment, the entrusted
payment method of the Lender shall be

 

15. The guarantors and security
contracts providing security for the debt hereunder include but are not limited to:

 

☒ The guarantor ____/_________ 《guaranty
contract》NO[   ]

 

☒ The mortgagor ____/_________ 《Mortgage
contract》NO[   ]

 

☒ The pledger ____/_________ 《Pledger
contract》NO[   ]

 

☒ Other guarantee ____/_________

 

    5

     

    

 

	16.	Breach of contract

 

liquidated damages. It is equivalent
to zero percent of the principal amount borrowed or _____/_________ .

 

	17.	Annexes to this contract include:

 

(1) 《Application
for withdrawal》

 

(2) 《________/______________
》

 

(3) 《________/______________
》

 

(4) 《________/______________
》

 

(5) 《________/______________
》

 

	18.	Other matters agreed upon by both parties

 

None / .

 

	19.	This Contract is made in three originals, one
held by the borrower and two held by the lender, each of which has the same legal effect.

 

(End of Part I)

 

    6

     

    

 

The Part Two General terms

 

Article
1 borrowing

 

1. The
Borrower irrevocably agrees and confirms that the Lender has the right to change due to laws, regulations and policies, or to be restricted
by the macro-monetary or financial regulatory policies of the government, or to be subject to market conditions. The borrower may suspend,
reduce or cancel the loan and notify the borrower if the conditions for granting the loan are adjusted or increased in consideration
of its capital position and financial cost, its own business needs, the borrower’s performance ability or financial condition, or other
major changes occur.

 

2.
The compensation hereunder shall be used in accordance with the loan purposes agreed herein. The Borrower shall not misappropriate or
occupy the loan for fixed asset investment, equity investment, etc., or use the loan in fields and purposes prohibited by the state or
other activities inconsistent with working capital loan purposes

 

Article
2 borrowing rate and interest calculation method

 

	 	1.	Unless otherwise agreed herein,
    the loan interest hereunder shall be calculated and collected in accordance with the actual amount of withdrawal and the number of
    days occupied by the Lender from the date of loan issuance. Occupied days include the first day, excluding the last day. Daily interest
    = monthly interest rate /30, monthly interest rate = annual interest rate 12.

 

	 	2.	The Lender has the right to
    pay the unpaid principal of the loan due to the Borrower (the term “due” in this Contract includes the case where the Lender
    declares the loan to be due early), and the overdue penalty interest shall be calculated and collected according to the retroactive
    interest rate agreed herein according to the actual overdue days from the overdue date until the principal and interest of the borrower
    are paid off

 

	 	3.	If the borrower fails to use
    the loan funds for the agreed purposes, the lender shall have the right to use the amount of loan box for breach of contract. Since
    the date of breach, the penalty interest shall be calculated and collected according to the penalty interest rate for misappropriation
    agreed herein according to the actual days of breach until the borrower pays off the principal and interest.

 

	 	4.	The Lender shall, from the
    date on which the borrower fails to pay the interest on time (including the normal total interest, overdue penalty interest and misappropriated
    penalty interest), compound the interest according to the overdue penalty interest rate agreed herein according to the actual overdue
    days.

 

	 	5.	Interest rate market paralysis
    If there is no APPLICABLE LPR (applicable in RMB) or LIBOR/HIBORSIBOR
    (applicable in foreign currency) interest rate on the quoted date of the relevant interest period after the loan is issued under
    this Contract, the Borrower shall negotiate with the Lender to determine an alternative interest rate; If no agreement can be reached
    within five (5) banking business days from the commencement of the negotiation, the borrower shall repay the principal and interest
    of the loan in full within thirty (30) banking business days from the date of such agreement.

 

    7

     

    

 

Article
3 withdrawal

 

1.
before the first withdrawal, the borrower shall meet the following conditions:

 

(1)
submit the withdrawal application (see Annex 1 or annex 2 of the contract for the format), the completed loan (loan) voucher and other
relevant documents at the time and in the manner agreed in the contract;

 

(2)
This contract and the corresponding guarantee contract (if any) have been signed and remain valid, and the security right has been effectively
established;

 

(3)
Submit the borrower’s current valid business license, articles of association and recent financial statements on the withdrawal date
(including but not limited to the annual financial report and current statements audited by certified public accountants in the previous
year):

 

(4)
Submit the loan resolution made by the borrower’s board of directors / shareholders’ meeting or other institutions with the
same effect, the letter of authorization from the legal representative to the authorized representative and the original signature sample
of the legal representative and authorized representative;

 

(5)
The borrower has opened relevant accounts with the lender according to the lender’s requirements;

 

(6)
The borrower has performed its obligations under the contract without any event of default under the contract;

 

(7)
Other documents or conditions required by the lender.

 

2.
except for the first withdrawal, the borrower shall meet the following conditions before each withdrawal:

 

(1)
submit the withdrawal application (see Annex 1 or annex 2 of the contract for the format), the completed loan (loan) voucher and other
relevant documents at the time and in the manner agreed in the contract;

 

(2)
The representations and warranties made by the borrower under this contract shall remain valid;

 

(3)
The borrower has performed its obligations under the contract without any event of default under the contract;

 

(4)
Other documents or conditions required by the lender.

 

3.
withdrawal

 

(1)
the borrower shall make a one-time withdrawal or installment withdrawal in accordance with the withdrawal plan agreed in the contract,
and submit a withdrawal application (see Annex 1 or annex 2 of the contract for the format) to the lender three (3) banking days before
the expiration of each withdrawal date to go through the withdrawal procedures;

 

(2)
If the borrower needs to postpone or change the withdrawal date, it shall obtain the consent of the lender three (3) banking days before
the expiration of the withdrawal date, and the lender has the right to require the borrower to pay the interest loss suffered by the
lender (interest loss: the interest of the delayed withdrawal period and the interest of demand deposit in the same period);

 

(3)
If the borrower requests to cancel all or part of the undrawn loan, it shall apply to the lender three (3) banking business days before
the determined withdrawal date or the termination date of the withdrawal period, and the cancellation can be carried out only with the
consent of the lender;

 

(4)
If the borrower fails to handle the withdrawal procedures within the specified withdrawal date or withdrawal period and fails to apply
for postponement of withdrawal, the lender has the right to cancel the undrawn loan:

 

The
lender has the right to waive one or more of the above withdrawal conditions without affecting any right enjoyed by the Lender under
this contract

 

    8

     

    

 

Article
4 account opening and management

 

1. When signing this contract, the borrower shall have opened a general settlement account and capital return account (see part I of this
contract) at the lender, as well as a special working capital loan account (if any) agreed by both parties. The borrower agrees that
the lender shall monitor the aforesaid account of the borrower.

 

2. If
no special working capital loan account is opened, the general settlement account is used to calculate the loan fund issuance and loan
fund payment applied by the borrower at the lender.

 

If
a special working capital loan account is opened, the special working capital loan account is used to calculate the loan fund issuance
and loan fund payment applied by the borrower at the lender, and the funds in the account bear interest according to the current deposit.
The borrower agrees that in addition to the seal reserved by the borrower, the special account for working capital loan shall also reserve
the special seal for loan fund payment supervision of the lender.

 

Without
the written consent of the lender, the borrower shall not change the reserved seal of the special working capital loan account at will.

 

3.
The borrower confirms that the fund return account is the income account and repayment reserve account under the contract. The borrower’s
income cash flow or the borrower’s overall cash flow shall be entered into the capital return account.

 

The
borrower guarantees that the capital balance in the borrower’s repayment reserve account shall not be less than the amount of principal
and interest payable by the borrower in the current period on each principal and interest repayment date under the contract and within
three (3) days before it.The borrower agrees that on each principal and interest repayment date and within three (3) days before it,
the lender has the right to restrict or refuse the borrower’s external payment that will cause the fund balance in the repayment
reserve account to be lower than the principal and interest payable in the current period, so as to ensure that the fund balance in the
repayment reserve account is sufficient to pay the principal and interest payable in the current period.

 

The
lender has the right to monitor the capital return account. In case of abnormal capital flow in the capital return account, the lender
has the right to find out the reasons from the borrower and take corresponding measures.

 

Article
5 Payment supervision

 

1. The borrower agrees that the lender has the right to manage and control the payment of the loan funds through the entrusted payment
of the lender or / and the independent payment of the borrower, so as to supervise the use of the loan funds according to the purpose
agreed in the contract.

 

Entrusted
payment by the lender means that the lender pays the loan funds through the borrower’s account to the borrower’s trading
partner who meets the purpose agreed in this contract according to the borrower’s withdrawal application and payment entrustment.

 

Autonomous
payment by the borrower means that after the lender issues the loan funds to the borrower’s account according to the borrower’s
withdrawal application, the borrower will independently pay them to the borrower’s trading partner who meets the purpose agreed
in the contract.

 

2. The
borrower agrees that if the borrower and the lender have newly established a credit business relationship and the borrower’s credit
status is general, or the payment object is clear and the single payment amount exceeds the amount agreed in the contract (see part I
of the contract), or other circumstances recognized by the lender, the entrusted payment method of the lender shall be adopted.

 

If
the entrusted payment method is adopted, the lender has the right to review whether the payment object, payment amount and other information
listed in the payment application provided by the borrower are consistent with the corresponding business contract and other supporting
materials according to the loan purpose agreed in the loan contract.

 

After
approval, the lender shall pay the loan funds to the borrower’s trading partner through the borrower’s account.

 

    9

     

    

 

3.
When applying to the lender for external payment of loan funds, the borrower shall submit supporting materials meeting the lender’s
requirements, including but not limited to:

 

(1)
documents certifying that the purpose of payment is in accordance with the purpose agreed in the contract:

 

(2)
Business contracts and written documents that truly reflect the borrower’s payment obligations. For the expenses that must be paid
without signing the contract, the charging policy and standard approved by the competent department shall be provided;

 

(3)
If the corresponding invoices or receipts cannot be obtained at the same time of payment, the borrower shall timely submit the corresponding
invoices or receipts for the use of funds after the completion of payment;

 

(4)
Legal and valid payment voucher:

 

(5)
Other documents required by the lender.

 

The
lender has the right to waive one or more of the above supporting materials without affecting any rights enjoyed by the Lender under
this contract

 

4.
If the special account for working capital loan is not opened, the borrower shall submit the withdrawal application to the lender three
(3) banking days before the proposed withdrawal date (see Annex 1 of the contract for the format), and propose whether to adopt the entrusted
payment method of the lender or the independent payment method of the borrower. The borrower confirms that the lender has the right to
review whether the relevant information of the borrower meets the payment conditions agreed in the contract, and has the right to decide
the payment method of the corresponding loan.

 

If
the special account for working capital loan is opened by the entrusted payment method of the lender, the borrower shall submit the payment
application with the reserved seal of the borrower of the special account for working capital loan (see Annex 3 of the contract for the
format) to the lender three (3) banking days before the payment date. The lender has the right to review whether the relevant information
of the borrower meets the payment conditions agreed in this contract. If the lender approves, it shall stamp the special seal for loan
fund payment supervision on the payment voucher before making external payment. If the borrower’s independent payment method is
adopted, the borrower shall submit the payment application (see Annex 3 of the contract for the format) and relevant materials to the
lender three (3) banking days in advance. The lender has the right to review whether the relevant materials submitted by the borrower
meet the conditions agreed in the contract.If the lender approves, the borrower shall fill in the payment voucher (the amount of each
summary payment voucher shall not exceed the entrusted payment amount of the lender agreed in this contract).After review, the lender
shall affix the special seal for loan fund payment supervision on the summary payment voucher, and transfer the corresponding funds to
the borrower’s general settlement account.

 

5. If
the borrower’s autonomous payment method is adopted, the borrower shall regularly summarize and report the autonomous payment of
loan funds to the lender every month. The lender has the right to verify whether the borrower’s loan payment meets the agreed purpose
and payment method through account analysis, voucher inspection, on-site investigation, etc.

 

6. The
borrower confirms that it shall pay to the lender the remittance fee arising from the payment of funds. When the remittance fee occurs,
the lender has the right to deduct it directly according to the actual amount.

 

7.
In the process of loan issuance and payment, if any of the following circumstances occurs to the borrower, the lender has the right to
require the borrower to supplement the withdrawal conditions and payment conditions, or change the loan payment method and stop the issuance
and payment of loan funds:

 

(1)
declining credit status;

 

(2)
The profitability of main business is not strong;

 

(3)
Abnormal use of loan funds.

 

    10

     

    

 

Article
6 repayment

 

1.
the borrower shall timely and fully repay the principal, interest and relevant expenses of the loan according to the repayment plan agreed
in the contract. The borrower hereby irrevocably authorizes the lender to actively deduct the above amount from its account opened with
the lender on the maturity date of the loan or when the conditions agreed in the contract are met to repay the creditor’s rights
of the lender.

 

2.
If the borrower repays the loan in advance, it shall submit a written application to the lender and obtain the written consent of the
lender before the tenth (10th) banking business day before the expected repayment date. Without the prior written consent of the lender,
the borrower shall still repay the principal and interest according to the time limit and interest rate agreed in the contract.

 

The
prepayment agreed by the lender shall be deemed as the prepayment of the loan. In this case, the lender also has the right to require
the borrower to pay certain liquidated damages in accordance with the contract (see part I of the contract).

 

In
case of early repayment of the loan, the interest shall be calculated according to the actual number of days used by the borrower and
returned together with the principal; The principal amount of early repayment shall not be less than the limit agreed in part I of this
contract; The principal returned shall be offset against the loan principal in the reverse order of the repayment plan agreed in this
contract.

 

3. If
the borrower is unable to repay on schedule for justified reasons, it shall apply to the lender for loan extension before the thirtieth
(30th) banking business day of the repayment period agreed in this contract, and prepare necessary materials to go through relevant extension
procedures. If the loan under this contract is guaranteed, mortgaged or pledged, the guarantor, mortgagor and Pledgor shall also issue
a written consent certificate. The lender shall decide whether to agree to the extension. If the borrower does not apply for extension
or the application for extension is not approved by the lender, the loan shall be transferred to the overdue loan from the next day of
the maturity date.

 

4.
The borrower shall not withdraw any returned loan funds again.

 

Article
7 representations and warranties

 

The
borrower makes the following representations and warranties to the lender, which are made at the time of signing this contract and remain
valid during the validity of this contract.

 

1. The
borrower is an enterprise (institution) legal person and other economic organization established in accordance with its applicable law,
with independent legal personality, complete financial system and repayment ability, and has the right to conclude and perform this contract
according to law.

 

2. The
borrower has the right to sign this contract and has completed all authorizations and approvals of the board of shareholders, the board
of directors or other competent authorities required for signing this contract and performing its obligations under this contract. All
terms of this contract are the true intention of the borrower and are legally binding on the borrower.

 

3. The
signing and performance of this contract shall not violate the laws that the borrower shall abide by (the laws under this contract include
the laws, regulations, rules, local regulations, judicial interpretations, etc., the same below), the relevant documents, judgments and
rulings of the competent authorities, nor the articles of association of the borrower or any contract it has signed Conflict with the
agreement or any other obligations undertaken.

 

4. The
borrower guarantees that all financial statements (if any) issued by it comply with the provisions of applicable laws and that the statements
truly, completely and fairly reflect the financial situation of the borrower.

 

5. In
the process of signing and performing this contract, the borrower abides by the principle of honesty and trustworthiness, and all materials,
documents and information (including but not limited to business license, project approval documents, feasibility study report, self
raised funds implementation certificate, financial statements, etc.) provided to the lender, including itself and the guarantor, are
true, effective and accurate Complete without any concealment or omission.

 

6. The
borrower guarantees to complete the filing, registration or other procedures required for the effectiveness and legal performance of
this contract.

 

7. Since
the issuance of the latest audited financial statements, there has been no significant adverse change in the borrower’s operating
and financial conditions.

 

    11

     

    

 

8. In
business activities, strictly abide by laws and regulations, carry out various businesses in strict accordance with the provisions of
the borrower’s business license or the business scope approved according to law, go through the registration and annual inspection
procedures on time, the production and operation are legal and compliant, have the ability of sustainable operation and have a legal
source of repayment.

 

9. Do
not give up any due creditor’s rights, nor dispose of the existing main property free of charge or in other inappropriate ways.

 

10. The
borrower has disclosed to the lender what it knows or should know and decided whether to grant the loan under this contract

 

Important
facts and conditions (including but not limited to business status, financial status, external guarantee, etc.).

 

11. The
borrower guarantees that it is in good credit condition and has no major bad record.

 

12. The
borrower guarantees that there are no other circumstances or events that have or may have a material adverse impact on the borrower’s
performance ability.

 

Article
8 covenants

 

The
borrower and the lender agree as follows:

 

1. The
borrower guarantees to operate in accordance with the law, use the loan for the purpose agreed in this contract and not misappropriate
it for other purposes. The borrower shall regularly provide various relevant financial and accounting materials, including monthly and
annual statements, as required by the lender, and actively cooperate with the loan The borrower shall supervise the use of the loan and
the operation of the borrower. The lender may inspect and supervise the use of the loan in various ways at any time.

 

2. The
borrower shall repay the principal and interest of the loan under the contract according to the time, amount, currency and interest rate
specified in the contract, application and loan (loan) certificate.

 

3. The
borrower guarantees that once any event occurs or will occur that is sufficient to have a significant adverse impact on the financial
condition of the guarantor or its ability to perform the guarantee obligations, the borrower will timely provide a new guarantee approved
by the lender.

 

4. The
borrower promises that the borrower will not take the following actions without the written consent of the lender:

 

(1)
Transfer (including sale, gift, debt repayment, exchange, etc.), mortgage, pledge or otherwise dispose of all or most of its major assets;

 

(2)
Contracting, joint venture, major foreign investment, change of actual controller or major shareholder, shareholding reform, merger (merger),
joint venture (cooperation), division, equity transfer, substantial increase of debt financing, establishment of subsidiaries, property
right transfer, capital reduction, suspension of business, dissolution, application for bankruptcy Reorganization or cancellation and
other acts that may affect the borrower’s repayment ability;

 

(3)
Provide the third party with a guarantee sufficient to have a material adverse impact on its financial condition or its ability to perform
its obligations under the contract;

 

(4)
Paying off other long-term debts in advance and may have a significant adverse impact on the borrower’s ability to perform its
obligations under the contract;

 

(5)
Sign contracts / agreements or undertake relevant obligations that have a significant adverse impact on the borrower’s ability
to perform its obligations under the contract.

 

    12

     

    

 

5. The
borrower promises that when the following events occur, the borrower will immediately notify the lender on the date of the event, and
deliver the original of the relevant notice to the lender (with official seal) within five (5) banking days from the date of the event:

 

(1)
the occurrence of relevant events makes the representations and warranties made by the borrower in this contract untrue, inaccurate or
invalid.

 

(2)
The borrower or its controlling shareholder, actual controller or its affiliates are involved in litigation, arbitration or its assets
are seized, sealed up, frozen, enforced or other measures with the same effect are taken, or its legal representative / person in charge
is involved in litigation, arbitration or other coercive measures;

 

(3)
The borrower’s legal representative or its authorized agent, principal, main financial principal, mailing address, enterprise name,
office space and other matters are changed;

 

(4)
Being applied for reorganization or bankruptcy by other creditors or being revoked by the superior competent authority;(5) other major
adverse events that may affect the borrower’s solvency.

 

6. The
borrower guarantees that it will not pay off other loans in priority in violation of the normal repayment order, and will not sign any
contract or agreement that will subordinate the loan under this contract now and in the future.

 

7. The
borrower shall, as far as possible, repay and pay the principal and interest of the loan under the contract in the same currency. If
the borrower repays its debts in different currencies, the borrower shall, or authorize the lender, convert the funds in different currencies
into the loan currency under the contract according to the “deduction agreement”. The expenses incurred shall be borne by the
borrower. When the guarantor repays the debt on behalf of the borrower in different currencies, the “deduction agreement” from
the guarantee contract shall be borne by the borrower.

 

8. In
case of specific circumstances or changes in the guarantee under this contract, the borrower shall timely provide other guarantees approved
by the lender as required by the lender. Such specific circumstances or specific changes include but are not limited to the guarantor’s
suspension of production, closure of business, dissolution, suspension of business for rectification, revocation or revocation of business
license, application or application for reorganization, bankruptcy, major changes in business or financial status, involvement in major
litigation or arbitration cases, involvement of legal representatives, directors, supervisors and key business managers The value of
the collateral is reduced or may be reduced, or property preservation measures such as sealing up are taken, there is a breach of contract
under the guarantee contract, and it is required to terminate the guarantee contract.

 

9. The
lender has the right to conduct on-site or off-site due diligence on the borrower, and carry out post loan inspection on the borrower’s
business status, financial status, external guarantee, use of loan funds and repayment. The borrower is obliged to actively cooperate
with the lender in loan payment management, post loan management and relevant inspection.

 

10.
The lender has the right to recover the loan funds under this contract in advance according to the withdrawal of the borrower’s
funds.

 

11.
special agreements on group customers (applicable to group customers).

 

If
the borrower of this contract is a group customer, the borrower hereby undertakes:

 

(1)
the borrower shall timely report the related party transactions of more than 10% of the net assets of the actual trustee, including:
1  the related party relationships of all parties to the transaction 2  Transaction items and nature 3 The amount of the
transaction or the corresponding proportion 4 Pricing policy (including transactions with no amount or only symbolic amount).

 

    13

     

    

 

(2)
If the actual trustee has the following circumstances, it shall be deemed that the borrower has breached the contract, and the lender
has the right to unilaterally decide to cancel the unused credit of the customer, recover part or all of the used credit, or require
the customer to increase the margin to 100%: 1 providing false materials or concealing important business financial facts 2 Changing
the original purpose of the credit without the consent of the lender, misappropriating the credit or using the bank credit to engage
in illegal and illegal transactions 3  Taking advantage of false contracts with related parties to obtain bank funds or credit by
discounting or pledging creditor’s rights such as notes receivable and accounts receivable without actual trade background 4 
refusing to accept the lender’s supervision and inspection of its use of credit funds and relevant business and financial activities
5 In case of major merger, acquisition and reorganization, the lender believes that it may affect the credit security 6 Intentionally
evading bank creditor’s rights through related party transactions.

 

12.
special guarantees, commitments and agreements on green credit (applicable to borrowers whose construction, production and operation
activities of nuclear power plants, large hydropower stations, water conservancy projects, resource extraction projects, etc. may seriously
change the original state of the environment and the adverse environmental and social consequences are not easy to eliminate, as well
as oil processing, coking and nuclear fuel import workers The construction, production and operation of chemical raw materials and chemical
products will produce adverse environmental and social consequences, but it is easy to eliminate them through slow-release measures)

 

(1)
the borrower declares and guarantees that the management of environmental and social risks, including: 1 the internal management
documents related to environmental and social risks comply with the requirements of laws and regulations and are effectively implemented;
2  there are no major litigation cases involving environmental and social risks;

 

(2)
The borrower promises to accept the supervision of the lender and strengthen environmental and social risk management, including: 1 
commitment to compliance of all behaviors and performances related to environmental and social risks 2 Commit to establish and improve
the internal management system of environmental and social risks, and specify the responsibilities, obligations and punishment measures
of relevant responsible personnel of the borrower 3 Commit to establish and improve the emergency mechanism and measures for environmental
and social risk emergencies 4 Commit to establish special departments and / or designate special personnel to be responsible for
environmental and social risks 5 Promise to cooperate with the lender or its recognized third party in the assessment and inspection
of the borrower’s environmental and social risks 6  in the face of strong doubts from the public or other stakeholders about
the borrower’s performance in controlling environmental and social risks, promise to respond appropriately or take other necessary
actions 7  undertake to urge the borrower’s vital related parties to strengthen management and prevent the environmental and
social risks of related parties from infecting the borrower 8  undertake to perform other matters that the lender considers relevant
to controlling environmental and social risks

 

(3)
The borrower promises to timely and fully inform the lender of various permits 1 approvals and approvals related to environmental
and social risks in the process of commencement, construction, operation and shutdown 2 Assessment and inspection of the borrower’s
environmental and social risks by the environmental and social risk regulatory authority or its recognized institutions 3  supporting
construction and operation of environmental facilities 4  Discharge and compliance of pollutants 5 Safety and health of employees
6 neighboring communities for the borrower Major complaints and protests 7  Major environmental and social claims 8  Other
lenders believe that it is related to environmental and social winds Skillfully Major information related to insurance;

 

(4)
If the borrower and the actual Credit Lender have the following circumstances, it shall be deemed that the borrower has an event of default
under this Contract: 1  the borrower’s statement, guarantee and commitment on environmental and social risk management have
not been seriously fulfilled 2 The borrower is punished by relevant government departments due to poor environmental and social
risk management 3  the borrower is strongly questioned by the public and / or the media due to poor environmental and social risk
management 4 Other events of default related to environmental and social risk management agreed between the lender and
the borrower, including cross events of default;

 

In
case of the above events of default of the borrower, the lender has the right to unilaterally decide: 1  cancel the credit commitment
already made 2   Suspend the disbursement of the loan until the borrower takes rescue measures satisfactory to the lender 3 
recover the allocated loan in advance 4 When the loan cannot be repaid, relevant mortgage and pledge rights and other punishment
measures shall be exercised in advance 5 other punishment measures agreed by the lender and the borrower.

 

    14

     

    

 

13.
As for the anti money laundering agreement, the borrower confirms and agrees that the lender has the right to conduct money laundering
risk assessment on the transactions involved under the contract in accordance with the applicable anti money laundering laws and regulations
and internal management requirements, and the lender has reasonable reasons to suspect that the borrower and / or the transactions under
the contract are suspected of participating in the UN Security Council, the financial action task force against money laundering, China
In case of money laundering, terrorist financing or (weapons of mass destruction) financing activities, or tax evasion recognized by
the United States, the European Union and other international organizations or countries, the lender has the right to take necessary
control measures in accordance with the anti money laundering regulations of the people’s Bank of China. At the same time, the
lender has the right to directly restrict and suspend all or part of the business under this contract without notifying the borrower,
announce the early maturity of the loan, terminate this contract, and require the borrower to bear all losses caused to the lender.

 

14. The
borrower agrees to irrevocably authorize the lender, without violating the prohibitive provisions of the regulations on the administration
of credit investigation industry and relevant laws and regulations, to collect information about all contracts / agreements / commitments
signed between the borrower and the lender in accordance with the collection requirements of the basic financial credit information database
established by the state, Including the performance information related to all the above contracts / agreements / commitments, as well
as the basic enterprise information and other information provided by the borrower, which shall be provided to the basic database of
financial credit information established by the state for query and use by qualified units; At the same time, the lender also has the
right to query and use the credit information about the borrower in the basic financial credit information database established by the
state. The authorization covers all links of the lender’s necessary business management of the business under the contract before
and after the signing of the contract, and the validity period will expire with the actual termination of the contract.

 

15. The
borrower hereby confirms that it has fully understood and understood the lender’s position against its employees seeking benefits
in any form by taking advantage of their positions, and undertakes to avoid such situations in accordance with the principle of integrity
and fairness, and will not provide any form of rebates, gifts, securities, valuables, various incentives, private expense compensation,
private tourism High consumption Entertainment Music and other improper interests.

 

Article
9 deduction agreement

 

1. The borrower agrees that when any debt related to the loan hereunder is due and payable, the lender has the right to directly deduct
the funds in the repayment reserve account opened by the borrower in Shanghai Pudong Development Bank Co., Ltd. to pay off the due and
payable debt. If the funds in the repayment reserve account are insufficient to pay off the debts, the lender has the right to deduct
the funds in any other account opened by the borrower in each branch of Shanghai Pudong Development Bank Co., Ltd.

 

2. The
lender has the right to use the proceeds to repay the loan principal, interest or other expenses. If there are multiple claims unpaid
at the same time, the lender shall determine the repayment order of the claims.

 

3.
if the deducted income is inconsistent with the currency to be repaid, it shall be handled in the following ways:

 

(1)
if the currency of the loan is RMB, the loan principal strings T and 0 shall be paid off after the foreign exchange settlement is converted
into RMB according to the purchase price converted between the currency of the deduction and RMB published by the lender at the time
of deduction

 

(2)
If the loan currency is non RMB and the deduction currency is RMB, you shall purchase foreign exchange directly according to the selling
price of RMB exchange between the applicable loan currency published by the lender at that time and convert it into the loan currency,
and then pay off your past principal and interest.

 

    15

     

    

 

(3)
If the loan currency and the deduction currency are not RMB and are inconsistent, the loan principal and interest shall be paid off after
the foreign exchange settlement is converted into RMB according to the applicable deduction currency published by the lender at the time
of deduction and the purchase price converted into RMB, and then converted into the loan currency according to the loan currency published
by the lender and the selling price converted into RMB on the same day.

 

Article
10 proof of creditor’s rights

 

The
lender shall, in accordance with its consistent business practice, maintain accounting accounts related to the business activities involved
in this contract on its accounting books to prove the loan amount of the lender. The effective certificate for the borrower to recognize
the loan creditor’s rights under this contract shall be subject to the accounting certificate or other effective supporting materials
issued and recorded by the lender according to its own business regulations.

 

Article
11 agreed service address

 

1.
The lender confirms that the address listed on the first page of this contract is its effective service address. The notice sent by the
borrower to the lender directly or by mail under this contract shall be sent to the address listed on the first page of this contract
until the lender announces the change of this address. The borrower agrees that all notices it sends to the lender shall be deemed to
have been served when actually received by the lender.

 

2.
The borrower confirms that the address, fax, e-mail and other service information listed on the first page of this contract are its valid
mailing or e-service address. All kinds of non litigation notices and other documents under the contract, as well as letters, subpoenas,
notices and other legal documents issued to them in the process of any litigation (including any litigation procedures and execution
procedures such as first instance, second instance and retrial) arising from the contract, as long as they are mailed or sent by fax
E-mail and other electronic service methods shall be deemed as service when they are sent to the mailing or electronic service address
listed on the first page of this contract, and the specific service date shall be subject to the provisions on service date in the civil
procedure law. The above change of mailing or electronic service address shall not have legal effect unless notified to the lender in
advance, and the service address confirmed in this contract shall still be deemed as a valid service address.

 

Article
12 events of default and handling

 

1.Event
of default

 

Any
of the following circumstances shall constitute a breach of contract by the borrower against the lender:

 

(1)
Any statement and guarantee made by the borrower in this contract or any notice, authorization, approval, consent, certificate and other
documents made in accordance with or related to this contract are incorrect or misleading, or have been proved to be incorrect or misleading,
or have been proved to be invalid or revoked or have no legal effect.

 

(2)
The borrower has violated “other matters agreed by both parties” (if any) in part I of the contract or any agreed matter in
Article 8 of Part II.

 

(3)
The borrower has a major cross default event, including but not limited to the borrower’s breach of any other loan contract and
agreement signed by it; Or the borrower fails to pay the debts under other loan contracts and agreements signed by it.

 

(4)
The borrower’s investors withdraw funds, transfer assets or transfer equity without authorization.

 

(5)
The guarantor has or will no longer have the ability to provide guarantee corresponding to the loan, or violates the guarantee documents
signed by it.

 

(6)
The borrower suspends business, stops production, goes out of business, goes out of business for rectification, reorganization, liquidation,
is taken over or entrusted, is dissolved, the business license is revoked or cancelled or goes bankrupt.

 

    16

     

    

 

(7)
The financial condition of the borrower or the guarantor deteriorates, there are serious difficulties in operation, or events or circumstances
that have an adverse impact on its normal operation, financial condition or solvency.

 

(8)
The borrower or its controlling shareholder, actual controller or its affiliates are involved in major litigation, arbitration, or its
major assets are seized, sealed up, frozen, enforced or other measures with the same effect are taken, or its legal representative /
person in charge, directors, supervisors or senior managers are involved in litigation Arbitration or other coercive measures adversely
affect the borrower’s solvency.

 

(9)
Failure to repay the principal and interest on schedule or use the loan for the agreed purpose.

 

(10)
The loan funds are not paid in the agreed manner.

 

(11)
the documents and information submitted for loan application are false and incorrect.

 

(12)
It does not meet or exceed the constraints of relevant financial indicators agreed in the contract.

 

(13)
On any principal and interest repayment date under the contract and within three (3) days before it, the capital balance in the repayment
reserve account is lower than the principal and interest repayment amount of the borrower in the current period.

 

(14)
The capital flow in the general settlement account / capital return account is abnormal.

 

(15)
The borrower has other acts in violation of this contract that are sufficient to hinder the normal performance of this contract, or other
acts that damage the legitimate interests of the lender.

 

2.
Handling of breach of contract

 

(1)
when one or more of the default circumstances listed in the current paragraph occur, the lender may take one or more of the following
measures at its discretion:

 

1 
require the borrower to correct within a time limit.

 

2 
cancel the unused loan of the borrower and stop issuing and paying the unused loan of the borrower.

 

3 
declare that all or part of the loan principal under this contract will expire immediately in advance, and require the immediate repayment
of part or all of the loan, the settlement of the interest owed, and the immediate recourse to the guarantor or the borrower in various
forms.

 

4 Penalty
interest and compound interest shall be charged for overdue loans and misappropriated loans.

 

5 Deduct
from any account opened by the borrower in each branch of Shanghai Pudong Development Bank Co., Ltd

 

6 Require
the borrower to supplement the loan issuance and payment conditions, or change the loan payment method.

 

7 
require the borrower to provide other guarantees approved by the lender.

 

8 
other necessary measures stipulated by law.

 

(2)
In addition to the above measures, the lender may also require the borrower to bear the liability for breach of contract and require
the borrower to pay liquidated damages (see part I of the contract for the calculation method of liquidated damages). If the liquidated
damages are insufficient to make up for the losses suffered by the lender, the borrower shall compensate the lender for all losses suffered
thereby.

 

(3)
If the borrower fails to repay the principal and pay interest in full and on time, it shall also bear all expenses paid by the lender
for realizing the creditor’s rights and security rights, including but not limited to collection expenses, litigation expenses,
lawyer’s fees, travel expenses and various other expenses payable.

 

    17

     

    

 

Article
13 effectiveness, alteration and dissolution

 

1. this contract shall come into force after being signed (or sealed) and affixed with official seal by the legal representative of the
borrower or its authorized agent, and signed (or sealed) and affixed with official seal (or special seal for contract) by the legal representative
(person in charge) of the lender or its authorized agent, and shall be terminated after all creditor’s rights under this contract
are paid off.

 

2. After
the contract takes effect, neither party shall change or terminate the contract in advance without authorization. If the contract needs
to be changed or terminated, both parties shall reach a written agreement through consultation.

 

Article
14 other provisions

 

1. definition

 

(1)
“all creditor’s rights” under this contract refers to the loan principal, interest, liquidated damages and various expenses
incurred to realize the creditor’s rights.

 

(2)
The term “interest” under this contract includes interest, penalty interest and compound interest.

 

(3)
The “bank business day” under this contract refers to the normal business day of the lender’s corporate business at the
lender’s domicile, excluding Saturdays, Sundays (except those open for business due to holiday adjustment) or other legal holidays.

 

2.
Applicable law

 

This
contract shall be governed by and construed in accordance with the laws of the people’s Republic of China (for the purpose of this
contract, the laws of Hong Kong Special Administrative Region, Macao Special Administrative Region and Taiwan are not included here).

 

3. Settlement
of disputes

 

All
disputes related to this contract shall be settled through friendly negotiation; If the negotiation fails, a lawsuit shall be filed with
the people’s Court of the place where the lender has its domicile. During the dispute period, each party shall continue to perform
the terms not involved in the dispute.

 

4. Miscellaneous

 

(1)
If matters not covered in this contract need to be supplemented, both parties may agree and record them in part I of this contract, or
reach a separate written agreement as an annex to this contract. The annexes to the contract (see part I of the contract) are an integral
part of the contract and have the same legal effect as the text of the contract.

 

(2)
During the validity of this contract, the lender’s grace or delay in taking action for any breach of contract or other acts of
the borrower shall not damage, affect or restrict all rights or interests enjoyed by the lender as a creditor according to the law or
this contract, nor shall it be regarded as the lender’s recognition of the borrower’s breach of this contract, It shall not
be deemed that the lender waives the right to take action against the borrower’s existing or future default.

 

(3)
The invalidity of one clause of the contract shall not affect the validity of other clauses of the contract. This contract is not valid
for any reason

 

When
effective, the borrower shall still bear the responsibility of repaying all debts owed to the Lender under this contract. In case of
the above circumstances, the lender has the right to immediately terminate the execution of this contract and recover all debts owed
by the borrower under this contract from the borrower immediately.

 

    18

     

    

 

(4)
The lender may transfer all or part of its rights and / or obligations under this contract, and in this case, the transferee shall enjoy
and / or bear the same rights and / or obligations as it should enjoy if it is a party to this contract. After receiving the lender’s
notice on the transfer of creditor’s rights, the borrower shall be liable to the transferee in accordance with the provisions of
this contract.

 

(5)
Unless otherwise specified in the contract, relevant terms and expressions in the annexes to the contract have the same meanings as those
in the contract.

 

(6)
The headings under this contract are for convenience only and shall not be used as the basis for the contents under this heading.

 

(no
text below this page)

 

(this
page is the signature page without text)

 

This
contract is signed by and between the borrower and the lender on May 7, 2022. The borrower confirms that when signing this contract,
both parties have explained and discussed all the terms in detail, both parties have no doubt about all the terms of the contract, and
have an accurate understanding of the legal meaning of the parties’ relevant rights and obligations and liability limitation or
exemption terms. annihilation

 

Borrower(Official
seal)

 

Legal
representative or authorized agent (signature or seal)

 

Lender
(Official seal or contract seal)

 

Legal
representative / person in charge (authorized or sealed)

 

 

19Exhibit 10.21

 

No.: Z2205LN15641967

 

 

 

 

 

 

 

 

Current Fund Loan Contract

 

 

 

 

 

 

 

 

Bank of Communications Co., Ltd.

 

 

 

 

 

 

 

 

     

     

    

 

No.: Z2205LN15641967

 

Current Fund Loan Contract

 

	
    Important Notes

     

    Please read the full text of this contract carefully,
    especially those articles marked with ▲▲. Please inquire the loaner in case of any question.

     

 

Whereas, the borrower applies
to the loaner for the line of credit of current fund, both parties hereby enter into this contract through negotiations to clarify the
obligations of each party.

 

Article 1.
Definition

 

“Line of credit”
refers to the maximum amount of balance of loan (under the revolving line of credit) or total loan (under the one-time line of credit)
that the loaner may issue to the borrower according to this contract. Such line of credit may be revolving or one-time (to be used for
one or several times) in accordance with this contract.

 

“Revolving line of credit”
refers to the line of credit within which the borrower may apply for the loan for several times according to this contract.

 

“Balance of loan”
refers to the sum of principal of the outstanding loan that the borrower obtains under this contract.

 

“Balance of line of credit”
refers to the balance of the line of credit deducted with the balance of loan (under the revolving line of credit) or total loan (under
the one-time line of credit).

 

“Period of line of credit”
refers to the period for the loaner to issue the loan to the borrower according to the application by the borrower and this contract that
it is in relation to the occurrence of loan but not the loan itself.

 

“Period of loan”
refers to the period of each loan that both parties determine in the corresponding Application for Use of Line of Credit of Bank of
Communications (hereinafter referred to as Application for Use of Line of Credit).

 

“Pricing benchmark”
refers to the benchmark that the borrower and lender can choose to apply to the corresponding loan to determine the corresponding loan
interest rate, including but not limited to the following specific pricing benchmarks and other types of pricing benchmarks.

 

“Loan Market Quotation
Rate (LPR)” refers to the loan market quotation rate applicable to RMB loans issued by the National Interbank Funding Center on the
20th day of each month (postponed in case of holidays).

 

“Secured Overnight Financing
Rate (SOFR)” refers to the rate managed by Federal Reserve Bank of New York (or other entity taking over the pricing benchmark) and
displayed on the corresponding page of Bloomberg/Refiniv financial telecommunications terminal (or the alternative page of other information
service institutions that display the pricing benchmark approved by the lender), Secured overnight financing rate applicable to USD loans.

 

“Secured overnight financing
interest rate term reference interest rate (SOFR term interest rate)” refers to the interest rate managed by CME Group Benchmark
Administration Limited (or other entity taking over the pricing benchmark) and issued by CME Group Benchmark Administration Limited (or
any other entity taking over the pricing benchmark), The term SOFR reference rate of the secured overnight financing interest rate applicable
to USD loans displayed on the corresponding page of Bloomberg/Referentiv financial telecommunications terminal (or the alternative page
of other information service institutions approved by the lender to display the pricing benchmark).

 

    2

     

    

 

“EURIBOR” refers
to the European Money Markets Institute (or other entity taking over the pricing benchmark) managed and displayed on the corresponding
page of Bloomberg/Refiniv financial telecommunications terminal (or the alternative page of other information service institutions approved
by the lender to display the pricing benchmark), Euro Interbank Offered Rate applicable to euro loans.

 

“Hong Kong Interbank
Offered Rate (HIBOR)” refers to the rate managed by the Hong Kong Association of Banks (or other entities that take over the pricing
benchmark) and displayed on the corresponding page of Bloomberg/Refiniv financial telecommunications terminal (or the alternative page
of other information service institutions that display the pricing benchmark approved by the lender), Hong Kong Interbank Offered Rate
applicable to Hong Kong dollar loans.

 

“Tokyo Risk Free Rate”
refers to the Tokyo Risk Free Rate applicable to Japanese yen loans, which is managed by QUICK Benchmarks Co., Ltd. (or other entities
taking over the pricing benchmark) and displayed on the corresponding page of Bloomberg/Refiniv financial telecommunications terminals
(or the alternative page of other information service institutions approved by the lender that displays the pricing benchmark).

 

“Sterling overnight average
index reference term interest rate (TSRR)” refers to the interest rate managed and published by Intercontinental Exchange Benchmark
Administration Limited (or other entities taking over the pricing benchmark), which is displayed on the corresponding page of Bloomberg/Refiniv
financial telecommunications terminal (or the replacement page of other information service institutions that display the pricing benchmark
approved by the lender), Term SONIA Reference Rate for sterling loans.

 

“London Interbank Offered
Rate (LIBOR)” refers to the rate managed by Intercontinental Exchange, Inc. (or other entities taking over the pricing benchmark)
and displayed on the corresponding page of Bloomberg/Refiniv financial telecommunications terminal (or the alternative page of other information
service institutions approved by the lender to display the pricing benchmark), London Interbank Offered Rate applicable to USD loans.

 

“Business day of bank”
and “business day” refer to the day on which banks at the place of the loaner operate the corporation business, excluding
legal holidays and rest days (excluding those adjusted to be business days). If any issuance, repayment, interest payment or maturity
of loan lies at any non-business day, it should be postponed to the next business day.

 

“Foreign currency working
day” means, with respect to the secured overnight financing rate (SOFR) or the term reference rate of the secured overnight financing
rate (SOFR term interest rate), the U.S. government bond trading day (excluding Saturday and Sunday) recommended by the Securities Industry
and Financial Markets Association (or its successor organization) to its member’s fixed income department; The London Interbank Offered
Rate (LIBOR) or the sterling overnight average index reference term rate (TSRR) refers to the opening day (excluding Saturday and Sunday)
for general business of local commercial banks in London; For the Euro Inter bank Offered Rate (EURIBOR), it refers to the operation date
of Euro payment and clearing of the second generation pan European real-time automatic clearing system (TARGET2); For the Hong Kong Interbank
Offered Rate (HIBOR), it refers to the open business day (excluding Saturday and Sunday) for general business of local banks in Hong Kong;
For Tokyo risk-free term interest rate (TORF), it refers to the opening day for general business of local banks in Tokyo (excluding statutory
holidays and rest days).

 

“Related person”
refers to the authorized handler, agent, legal representative, responsible person, controlling shareholder or actual controller, beneficial
owner and other direct or indirect related persons of the borrower.

 

“Business related parties”
refer to all parties to the transaction under the basic transaction contract and other relevant subjects related to the transaction other
than all parties to the transaction, as well as all parties to the transaction, such transaction parties, their authorized handlers, agents,
legal representatives, responsible persons, controlling shareholders or actual controllers, beneficial owners, etc.

 

    3

     

    

 

Terms including affiliate,
affiliate transaction and major investor should contain the same meaning with those contained in the Accounting Standards for Business
Enterprises No.36 – Disclosure of Affiliates (CK [2006] No.3) published by the Ministry of Finance, as well as its subsequent
revisions.

 

Article 2.
Use of Line of Credit

 

2.1 Each
time when needing to use the line of credit, the borrower should submit the application to the loaner at least 5 business days in advance.
The borrower should fill in the Application for Use of Line of Credit to obtain the approval by the loaner before using the line
of credit.

 

▲▲2.2 Use
of the line of credit must meeting following conditions:

 

(1) Balance
of loan (under the revolving line of credit) or total loan (under the one-time line of credit) is within the line of credit;

 

(2) Amount
of applied loan is within the balance of line of credit;

 

(3) Application
date and issuance date are within the period of line of credit;

 

(4) Period
of loan and maturity date of loan comply with this contract;

 

(5) Guarantee
contract (if any) under this contract is effective and surviving, and while the guarantee contract is in the form of mortgage contract
and/or pledge contract, the secured real right is already set and surviving;

 

(6) The
borrower has handled procedures to obtain licenses, approvals and registrations from the government necessary for the application for
the loan, and such licenses, approvals or registrations are surviving;

 

(7) No
serious adverse change occurs in the operation status or financial status of the borrower after this contract takes effect;

 

(8) Application
by the borrower meets relevant rules and regulations of the loaner;

 

(9) The
borrower does not violate this contract;

 

(10) Payment
mode of the loan meets this contract and if the loaner is entrusted to make the payment, the loaner should agree with the payment;

 

(11) If
the loan is provided in any foreign currency, the borrower should provide the certificate providing that the loan meets relevant policies
on the management of foreign currency, including but not limited to the valid purpose certificate or registration document of foreign
currency;

 

(12) The
borrower has appointed the dedicated fund withdrawal account as required by the loaner and has signed the account management agreement.

 

▲▲2.3 If
the loaner agrees to issue the loan, the final issuance information should be subject to the column of Application for Use of Line
of Credit printed by the bank. Application for Use of Line of Credit should be regarded as the Loan Certificate.

 

▲▲2.4 If
the currency of the Application for Use of Line of Credit is different from that of the line of credit, it should be converted
at the exchange rate published by Bank of Communications Co., Ltd. in the beginning of each day only for the purpose of recognizing the
balance of line of credit. If there is no available exchange rate, it should be converted by the exchange rate reasonably determined by
Bank of Communications Co., Ltd.

 

    4

     

    

 

▲▲2.5 After
the borrower becomes the shareholder of the guarantor or the “actual controller” defined by the Company Law, the loaner
may suspend or cancel the line of credit not used by the borrower until the guarantor provides the resolution made by its Board of Shareholders
(General Meeting) about securing the borrower that is acceptable to the loaner.

 

Article 3.
Interest Rate and Payment of Interest

 

3.1 Basic
regulations on determining the interest rate

 

3.1.1 The
annual interest rate (simple interest) of the loan under this contract shall be agreed by both parties in the Application for the Use
of Quota after negotiation each time the quota is used. If the annual interest rate value is determined according to the pricing benchmark,
the annual interest rate value shall be calculated according to the pricing benchmark agreed in the Application for the Use of Quota plus
(minus) points (1 basis point is 0.01 percent, and 1 percentage point is 100 basis points).

 

3.1.2 If
both parties agree to apply the fixed interest rate in the Application for Use of Quota, and the specific value is recorded in the fixed
interest rate value field, The specific interest rate of each loan shall be subject to the value recorded in the Fixed Interest Rate Value
field of the Application for the Use of the Quota (where the loan currency is RMB, such specific value shall be determined on the basis
of the specific value of the pricing benchmark applicable on the applicable date of the pricing benchmark agreed in the Application for
the Use of the Quota (hereinafter referred to as “the pricing benchmark value”) and according to the plus (minus) point value
agreed in the Application for the Use of the Quota). If no specific value is recorded in the Fixed Interest Rate Value field, the specific
interest rate of each loan shall be determined based on the applicable pricing benchmark value on the applicable date of the pricing benchmark
agreed in the Application for the Use of Quota and according to the plus (minus) point value agreed in the Application for the Use of
Quota.

 

If both parties agree to apply
the floating interest rate in the Application for the Use of Quota, the specific interest rate of each loan shall be determined on the
basis of the pricing benchmark value applicable to the applicable date of the pricing benchmark agreed in the Application for the Use
of Quota, according to the plus (minus) point value, interest rate floating rules, interest rate floating cycle, interest rate floating
cycle unit and the floating start date of a specific date (if necessary) agreed in the Application for the Use of Quota.

 

3.1.3 If
the currency is RMB, daily interest rate = monthly interest rate/30, monthly interest rate = annual interest rate/12; if the currency
is HKD, GBP and AUD, daily interest rate = annual interest rate/365; if the currency is USD, Euro, JPN and other foreign currencies accepted
by the loaner, daily interest rate = annual interest rate/360.

 

▲▲3.2 Interest
rate of loan

 

If both parties agree on the
application of fixed interest rate in the Application for the Use of Quota and the fixed interest rate value field records a specific
value, the interest rate at the time of each loan disbursement shall be subject to the fixed value. If it is agreed in the Application
for Use of Quota that a fixed interest rate is applicable and no specific value is recorded in the fixed interest rate value field, and
it is agreed in the Application for Use of Quota that a floating interest rate is applicable, the loan interest rate for each loan is
determined based on the pricing benchmark value applicable to the “Pricing Benchmark Application Date” agreed in the Application
for Use of Quota and the plus (minus) point value agreed in the Application for Use of Quota. The “applicable date of pricing benchmark”
shall be taken as the T day, and the pricing benchmark value rules applicable to the T day shall be implemented in accordance with Article
3.5.1 of the Contract.

 

3.3 Adjustment
of interest rate

 

3.3.1 Once
the interest rate is recorded in the Application for Use of Line of Credit as fixed, such interest rate should apply to the loan
within the period of loan.

 

    5

     

    

 

▲▲3.3.2 Once
the interest rate is recorded in the Application for Use of Line of Credit as fluctuating, the interest rate adjustment date should
be determined according to the interest rate fluctuation rules, interest rate fluctuation cycle, interest rate fluctuation cycle unit
and specific beginning date of fluctuation (if necessary) agreed in the Application for Use of Line of Credit, and the adjusted
interest rate should apply since the interest rate adjustment date.

 

3.3.2.1 If
the benchmark interest rate is adjusted within the period of loan, the adjustment cycle of interest rate should be calculated by choosing
“fluctuating at bookkeeping date” or “fluctuating at specific date” in the “interest rate fluctuation rules”
since the “bookkeeping date” or “specific date”. The column of interest rate fluctuation cycle should be filled
with the quantity of interest rate fluctuation cycles, the column of interest rate fluctuation cycle unit may be filled with day or month.
If the quantity of interest rate fluctuation cycle is “1” while the interest rate fluctuation unit is “day”, then
the adjustment date of benchmark interest rate should be the adjustment date of loan interest rate; if the quantity of interest rate fluctuation
cycle is “3” while the interest rate fluctuation unit is “day”, then the adjustment date of loan interest rate
should be every third day since the “bookkeeping date” or “specific date”; if the quantity of interest rate fluctuation
cycle is “1” while the interest rate fluctuation unit is “month”, then the adjustment date of loan interest rate
should be the end of every month since the “bookkeeping date” or “specific date”; if the quantity of interest
rate fluctuation cycle is “3” while the interest rate fluctuation unit is “month”, then the adjustment date of
loan interest rate should be the end of every third month since the “bookkeeping date” or “specific date”, the
same below.

 

3.3.2.2 The
loan interest rate on the loan interest rate adjustment date shall be determined on the basis of the pricing benchmark value applicable
on the loan interest rate adjustment date. Unless otherwise agreed in the Contract or the two parties agree to adjust the plus (minus)
point value, the plus (minus) point value of the interest rate shall still be subject to the plus (minus) point value of the interest
rate agreed in the corresponding Application for Use of Quota of the loan. The “loan interest rate adjustment date” shall be
the T date, and the pricing benchmark value rules applicable to the T date shall be implemented in accordance with Article 3.5.1 of this
Contract.

 

▲▲3.3.3 If
the pricing benchmark applicable to the corresponding loan is cancelled or the corresponding issuing agency stops publishing, both parties
shall negotiate and adjust the interest rate of the loan separately, but the adjusted interest rate shall not be lower than the applicable
interest rate at that time; If the two parties have not reached an agreement on the adjusted interest rate for more than one month since
the pricing benchmark is cancelled or ceased to be published, the lender has the right to declare that the loan is due ahead of schedule.

 

▲▲3.3.4 Both
parties may adjust the fluctuation extent or increase (decrease) value of the corresponding loan interest rate through negotiation at
each adjustment date of loan interest rate.

 

3.4 The
default interest rate of overdue loans shall be increased by 50% according to the interest rate agreed herein, and the default interest
rate of misappropriated loans shall be increased by 100% according to the interest rate agreed herein. If the floating rate loan is subject
to adjustment of the loan pricing benchmark, the lender has the right to adjust the penalty interest rate applicable to each loan accordingly,
and the new penalty interest rate shall apply from the date of loan interest rate adjustment agreed in the corresponding Application for
Use of Quota.

 

3.5 Calculation
of interest

 

3.5.1 According
to the different applicable pricing benchmarks, the rules for taking the value of the applicable pricing benchmark value on the T date
(i.e. the “pricing benchmark application date”, “loan interest rate adjustment date” and “repricing date”)
agreed in Article 3.2, 3.3.2.2 and 9.3.3.2 of the Contract are as follows:

 

If the pricing benchmark is
the loan market quoted rate (LPR), the pricing benchmark value applicable to T day is the latest published loan market quoted rate (LPR)
value before T day.

 

    6

     

    

 

If the pricing benchmark is
the guaranteed overnight financing rate (SOFR), when T day is a foreign currency working day, the pricing benchmark value applicable to
T day is the value of the guaranteed overnight financing rate (SOFR) corresponding to the fifth foreign currency working day before T
day displayed on the corresponding financial telecommunications terminal page; If Day T is a non foreign currency working day, the pricing
benchmark value applicable to Day T is the value of the guaranteed overnight financing rate (SOFR) that should be applied on the latest
foreign currency working day before Day T (that is, the value of the guaranteed overnight financing rate (SOFR) that is displayed on the
page of the corresponding financial telecommunications terminal and corresponds to the fifth foreign currency working day before the latest
foreign currency working day).

 

If the pricing benchmark is
the guaranteed overnight financing interest rate term reference interest rate (SOFR term interest rate), London Interbank Offered Rate
(LIBOR), Euro Interbank Offered Rate (EURIBOR), Tokyo risk-free term interest rate (TORF) or sterling overnight average index reference
term interest rate (TSRR), when T day is a foreign currency working day, the applicable pricing benchmark value on T day is the corresponding
financial telecommunications terminal page The pricing benchmark value corresponding to the second foreign currency working day before
T day; If Day T is a non foreign currency working day, the pricing benchmark value applicable to Day T shall be the pricing benchmark
value applicable to the latest foreign currency working day before Day T (that is, the pricing benchmark value displayed on the corresponding
financial telecommunications terminal page and corresponding to the second foreign currency working day before the latest foreign currency
working day).

 

If the pricing benchmark is
Hong Kong Interbank Offered Rate (HIBOR), and T day is a foreign currency working day, the pricing benchmark value applicable to T day
is the value of Hong Kong Interbank Offered Rate (HIBOR) corresponding to T day displayed on the corresponding financial telecommunications
terminal page; When T day is a non foreign currency working day, the applicable pricing benchmark value on T day is the value of Hong
Kong Interbank Offered Rate (HIBOR) displayed on the corresponding financial telecommunications terminal page and corresponding to the
latest foreign currency working day before T day.

 

When the pricing benchmark
value displayed on the corresponding financial telecommunication terminal page is greater than or equal to 0, the pricing benchmark value
used to determine the loan interest rate under this contract shall be determined according to the pricing benchmark value actually displayed
on the corresponding financial telecommunication terminal page; When the pricing benchmark value displayed on the corresponding financial
telecommunication terminal page is less than 0, the pricing benchmark value used to determine the loan interest rate under this contract
shall be determined by 0.

 

3.5.2 Normal
interest=interest rate agreed herein × Loan amount × Number of days occupied.

 

The number of days occupied
shall be calculated from the loan granting date (inclusive) to the due date (exclusive). If the due date is not a working day, it shall
be postponed. The postponed period shall be included in the number of days occupied, and the interest shall still be calculated according
to the contract.

 

3.5.3 The
penalty interest of overdue loans and misappropriated loans shall be calculated according to the amount of overdue or misappropriated
loans and the actual number of days (from the date of overdue or misappropriated loans (inclusive) to the date of principal and interest
settlement (exclusive)).

 

3.5.4 If there are many decimal
places of interest/penalty interest calculated, the lender will retain two decimal places according to the rounding method.

 

    7

     

    

 

▲▲3.6 If
the borrower repays the loan in advance or the loaner withdraws the loan in advance according to this contract, the corresponding interest
rate shall still be subject to that specified in this contract.

 

3.7 If
the loan currency is other than RMB, US dollar, euro, Hong Kong dollar, Japanese yen and British pound, the loan pricing benchmark type,
daily interest rate calculation rules and the pricing benchmark value determination rules applicable to the pricing benchmark application
date, loan interest rate adjustment date and repricing date shall be subject to the provisions of Article 17 of the Contract.

 

Article 4. Payment of Loan

 

4.1 If
the issuance account appointed by the borrower is the dedicated loan issuance account opened at the loaner, the issuance and payment of
loan should be handled through the account, which may only be used to issue and externally pay the loan fund and only sell the certificate
of “Application for Settlement Business” but may not be used to handle any check, draft, bank acceptance or any other settlement.
When handling the allocation of loan fund independently, the borrower must handle procedures at the counter of the bank of deposit. The
deposit interest of the account should be accounted into the repayment account of the borrower.

 

4.2 When
drawing the loan according to this contract, the borrower should clarify the payment mode (entrusted payment by loaner or independent
payment by borrower) and only one mode is applicable in each time of drawing.

 

4.3 In
the mode of entrusted payment by loaner, the loaner will, after receiving the payment entrustment from the borrower and issuing the loan
according to this contract, pay the loan fund directly to the counterparty of the borrower meeting the purpose specified in this contract
through the account of the borrower.

 

If the amount of a single payment
is beyond the limit of the independent payment or any condition specified in Article 19.3, the mode of entrusted payment should apply.

 

When choosing the mode of entrusted
payment by the loaner, the borrower should submit the loaner with the Application for Use of Line of Credit, corresponding payment
entrustment and other materials required by the loaner (including but not limited to the commercial contract, invoice and receipt) to
clarify the amount of loan and the receiver and amount of payment, while the amount of drawn loan should equal to that of the payment.

 

▲▲ If
the payment planned by the borrower does not comply with this contract or the corresponding commercial contract, or contains any other
defect, the loaner may refuse to make the payment and return the payment entrustment submitted by the borrower.

 

▲▲ If
the loaner agrees but fails to make the payment or the payment is returned due to any incorrect information provided by the borrower,
the borrower should submit relevant documents and materials containing the correct information within the period regulated by the loaner,
and the loaner should be expected from any liability for any delay or failure of payment.

 

4.4 In
the mode of independent payment by the borrower, after the loaner issues the loan fund to the account of the loaner according to this
contract, the borrower pays the fund to the counterparty of the borrower meeting the purpose specified in this contract independently.

 

When choosing the mode of independent
payment by the borrower, the borrower should submit the loaner with the Application for Use of Line of Credit, description of fund
usage and other materials required by the loaner. The borrower should report the payment situation of the loan fund to the loaner. The
loaner may check whether the loan is paid for the regulated purpose by analyzing the account, verifying the certificate and conducting
the on-site survey, and the borrower shall cooperate with such verification by the loaner.

 

    8

     

    

 

Article 5. Repayment of Loan

 

5.1 The
borrower should make the repayment according to the date and amount specified in the corresponding Application for Use of Line of Credit.

 

▲▲5.2 Without
the written consent from the loaner, the borrower may not repay the loan in advance.

 

▲▲5.3 The repayment
schedule of principal and interest agreed by the borrower and the loaner in the Application for Use of Line of Credit is the true
intention of both parties through negotiations on a voluntary basis. Under the repayment arrangement chosen by both parties, the principal
should prior to the interest in the repayment without influencing the repayment liability of the borrower for the payable interest, and
the borrower may not set up any plea against the repayment of payable interest. The borrower should be responsible for repaying all the
principal and interest under any repayment arrangement.

 

▲▲5.4 When the
amount repaid by the borrower is insufficient to cover all the debt of the borrower:

 

(1) It
should be firstly used to repay the overdue amount. If the principal and interest are overdue for less than 90 days, the balance after
such repayment should be firstly used to repay the outstanding interest, default interest or compound interest before any overdue principal;
if the principal and interest are overdue for more than 90 days, the balance after such repayment should be firstly used to repay the
outstanding principal and then the overdue interest, default interest or compound interest;

 

(2) If
there are several debts of the borrower (including debts of the borrower owed to the loaner under any other contract), the loaner may
determine the repayment sequence of each debt, only if such sequence does not violate any applicable law, rule, regulation, system or
any compulsory regulatory provision of the loaner. The loaner should inform the borrower of the repayment result, unless otherwise regulated.

 

Article 6. Representation and Guarantee of
Borrower

 

6.1 The
borrower is legally incorporated and surviving, possesses all the necessary capacities, perform obligations under this contract it its
own name and assumes civil liabilities.

 

6.2 Signing
and performing this contract are the true intention of the borrower that they must obtain all the necessary approvals, permissions and
authorizations to contain no legal defect.

 

6.3 The
borrower conducts production and operation in compliance with laws and regulations, possesses the constant operation capability and legal
repayment source, involves no serious environmental or social risk, possesses no serious adverse credit record and no officer of the borrower
possesses any adverse record.

 

6.4 All
the documents, statements, materials and information provided by the borrower to the loaner when signing and performing this contract
are authentic, accurate, complete and valid. The borrower does not conceal any information that may affect its financial status and solvency,
and there is no serious adverse change to the financial status of the borrower since the issuance of the latest financial statement.

 

▲▲6.5 The borrower
and its related persons and business related parties do not belong to the enterprises or individuals in the sanctions list issued by the
United Nations and relevant countries, organizations and institutions, or in the list of risks related to terrorism and anti money laundering
issued by Chinese government departments or competent authorities; It is not located in countries and regions sanctioned by the United
Nations and relevant countries, organizations and institutions.

 

    9

     

    

 

▲▲
6.6 The borrower guarantees to comply with the national anti money laundering laws, regulations and relevant policies, not to assist others
in money laundering, terrorist financing, tax evasion, bank debt evasion, cash withdrawal, telecommunications fraud, illegal fund-raising
and other illegal activities, and actively cooperate with the lender to carry out various anti money laundering work such as customer
identification, transaction record keeping, customer identity and transaction background due diligence, large sum and suspicious transaction
reports, And provide relevant supporting materials as required by the lender.

 

6.7 According to the lender’s
environmental and social risk assessment standards, if the borrower is a customer with environmental and social risks classified as A
or B, the borrower promises:

 

(1) The borrower’s internal
management documents related to environmental and social risks comply with laws and regulations and are effectively implemented;

 

(2) The borrower has no major
litigation cases involving environmental and social risks;

 

(3) All behaviors and performances
of the borrower related to environmental and social risks are compliant.

 

Article 7. Rights and Obligations of Loaner

 

7.1 The
loaner may withdraw the principal and interest (including compound interest and default interest of overdue and embezzled loan) of the
loan according to this contract, collect the payable expense from the borrower, withdraw the loan in advance at its own discretion depending
on the fund status of the borrower, and may exercise other rights under laws, regulations or this contract.

 

▲▲7.2 The loaner
only conducts the formal examination of materials provided by the borrower during the performance of this contract that the loaner should
be exempted from any liability for the failure to complete entrusted payment if the borrower provides any false, inaccurate or uncomplete
material or the borrower makes the payment in violation to this contract.

 

▲▲7.3 The loaner
should issue the loan and make the payment according to this contract. The loaner should be exempted from the liability if the loaner
fails to issue the loan or make the payment due to any cause below, but the loaner should send a notice to the borrower in time: the issuance
account appointed by the borrower is frozen, the account of the receiver is frozen, there is any force majeure, communicaiton or network
fault, or the system fault of the loaner, unless otherwise regulated in this contract.

 

▲▲
7.4 According to the regulatory requirements to be followed by the lender, the lender will conduct a dynamic assessment of the borrower’s
risk of money laundering, terrorist financing, tax evasion and other risks, and has the right to take one or all of the measures agreed
in Article 9.2 when it believes that the borrower and the borrower’s business involved in the transaction instructions are suspected of
high risk of money laundering, terrorist financing, tax evasion.

 

Article 8. Obligations of Borrower

 

8.1 The
borrower should repay the principal and interest of loan under this contract according to the time, amount, currency and interest rate
specified in this contract and the corresponding Application for Use of Line of Credit.

 

The fund collection account
appointed by the borrower should be used to collect the corresponding sales income or planned repayment fund. If the corresponding sales
income is not settled in cash, the borrower should ensure to allocate it to the fund collection account upon receiving it. The borrower
should provide the cash flow of the fund collection upon the request from the loaner.

 

    10

     

    

 

8.2 The
borrower should use the line of credit for the purpose specified in this contract and use the loan for the purpose specified in the corresponding
Application for Use of Line of Credit but may not embezzle the loan for any other purpose, or the investment in fixed assets, equity
or any production or operation prohibited by the government.

 

The borrower should draw the
loan fund in the mode agreed by both parties but not avoid the entrusted payment by the loaner by breaking up the whole into parts; in
the mode of independent payment by the borrower, the borrower should use the loan within the reasonable period required by the regulatory
authority of the loaner, and the payment of loan fund should meeting this contract.

 

▲▲8.3 The borrower
shall bear the settlement fees (if any) for the loan fund payment (including the lender’s entrusted payment and the borrower’s independent
payment), and the specific fees shall be subject to the laws, regulations, rules, regulatory provisions and the then effective Directory
of Bank of Communications Service Fees published by the lender.

 

If the loan fund payment does
not involve cross-border payment, the lending account is a special loan issuing account. When the loan fund payment (including the lender’s
entrusted payment and the borrower’s independent payment) is made, if the collection account does not belong to the account opened in
the Bank of Communications, the fund payment may be made through the People’s Bank of China’s payment system or the local exchange system.
If the loan granting account is not a special loan granting account, and when the loan fund is paid (including the lender’s entrusted
payment and the borrower’s independent payment), if the collection account is an account of another bank in another place, the fund payment
is handled through the payment system of the People’s Bank of China.

 

If the loan fund payment involves
cross-border payment, the loan fund payment may be handled through the SWIFT system or other systems.

 

▲▲8.4 The borrower
should cooperate with the loaner in the management of loan payment and the supervision and inspection of the use of loan and operation
situation of the borrower, provide the financial statement, use record and material of the loan fund, information of affiliate and affiliate
transaction, environmental and social risk report, other materials and information necessary for the after-loan risk management required
by the loaner, and shall ensure the authenticity, integrity and accuracy of such documents, materials and information.

 

▲▲8.5 Under
either circumstance below, the borrower should send a written notice to the loaner at least 30 days in advance and take no action before
repaying the principal and interest under this contract or providing the repayment plan or guarantee recognized by the loaner:

 

(1) The
borrower sells, presents, leases, lends, transfers, mortgages, pledges or disposes in any other manner all or a large part of the assets
or important assets;

 

(2) The
operation mechanism or ownership organization of the borrower suffers from any great change, including but not limited to the contracting,
lease, association, corporate system transformation, joint stock cooperation system transformation, sales, combination (merger), joint
venture (cooperation), separation of enterprise, establishing of subsidiary, equity transfer, ownership transfer, and decrease of capital.

 

(3) The
external investment or increase of debt financing of the borrower exceeds the agreed limit.

 

▲▲8.6 The borrower
shall notify the lender in writing within 7 days of the occurrence or possible occurrence of the following events and cooperate in submitting
relevant certificates according to laws and regulations, regulatory provisions and the lender’s requirements:

 

(1) The
borrower or its affiliate revises the Memorandum of Association, changes the name, legal representative (responsible person), domicile,
mailing address or business scope of the enterprise, or makes any decision that affects the finance or human resource greatly;

 

    11

     

    

 

(2) The
borrower, its affiliate or guarantor plans to apply for bankruptcy or may be or has been applied by the creditor for bankruptcy;

 

(3) The
borrower or its affiliate is involved in any serious lawsuit, arbitration or administrative measure, or its major assets or the guarantee
under this contract is executed with the property preservation or any other compulsory measure, or the security of its major assets or
the guarantee under this contract is or may be affected or the value is or may be decreased;

 

(4) The
borrower or its affiliate provides any guarantee to any third party to affect its economic status, financial status or capability in performing
obligations under this contract significantly;

 

(5) The
borrower or its affiliate enters into any contract with significant influence on its operation and financial status;

 

(6) The
borrower repays the immature debt in advance or repay other mature debt firstly, or increases any form of guarantee for any other existing
debt, or makes any arrangement with the similar effect or enters into any relevant document;

 

(7) The
borrower, its affiliate or guarantor is shut down, closed, dissolved, suspended, cancelled, or the business license is withdrawn;

 

(8) The
borrower or its affiliate, major investor of the borrower or its affiliate, legal representative (responsible person), director or officer
of the borrower or its affiliate is missing or involved in any violation, to any law, regulation or rule of stock exchange, or suffers
from any abnormal change;

 

(9) The
borrower or its affiliate suffers from serious difficulty or deterioration of financial status in the operation, or there is any other
event with adverse influence on the operation, financial status, solvency or economic status of the borrower or its affiliate;

 

(10) There
is any affiliated transaction and its amount reaches or exceeds 10% of the latest audited net assets;

 

(11) Before
repaying all the debts under this contract, the borrower becomes or may become the shareholder or the “actual controller”
defined by the Company Law of the guarantor;

 

(12) The
borrower or its affiliate causes any liability accident or is made public by the media by violating any law, rule, regulation, national
policy or industrial standard;

 

(13) The
borrower or its affiliate encounters any safety or environment protection accident;

 

(14) The
relationship between the affiliate and the borrower is changed;

 

(15) The
borrower or its affiliate encounters any significant equity change;

 

(16) The
opinion issued by the external audit of the borrower on its financial statements is not the standard unreserved opinion;

 

(17) The
borrower is or may be investigated, punished or taken with other similar measures by the competent authority as it violates the law or
rule and/or regulatory requirement;

 

(18) The
borrower or its affiliate is listed to be sanctioned by the UN, EU or US, or the country or area where the borrower or its affiliate resides
in is listed to be sanctioned by the UN, EU or US;

 

(19) There
is any other event with serious adverse influence on the solvency of the borrower or its affiliate.

 

(20) According to the lender’s
environmental and social risk assessment standards, if the borrower is a customer with environmental and social risks classified as A
or B, the borrower has or may have any of the following events:

 

1
Various permits, approvals and approvals related to environment, society and risks during commencement, construction, operation and shutdown;

 

    12

     

    

 

2
The assessment and inspection of the environmental and social risks of the borrower by the environmental and social risk regulatory authority
or its recognized institution;

 

3
Supporting construction and operation of environmental facilities;

 

4
Discharge and compliance of pollutants;

 

5
Safety and health of employees;

 

6
Major complaints and protests from neighboring communities against the borrower;

 

7
Major environmental and social claims;

 

8
Other major circumstances that the lender considers relevant to environmental and social risks.

 

▲▲8.7 In case
of any change of guarantee under this contract that is adverse to the creditor’s right of the loaner, the borrower should provide
other guarantee recognized by the loaner in time.

 

The “change” specified
here includes but not limited to: merger, separation, shutdown, dissolution, suspension, cancellation, withdrawal of business license,
and applying or being applied for bankruptcy of the guarantor; significant change of the operation or financial status of the guarantor;
the guarantor is involved in any serious lawsuit, arbitration or administrative measures, or the major assets is taken with property preservation
or other compulsory measure; the security of the guarantee is or may be affected; the value of the guarantee is or may be decreased, or
taken with measures of property preservation, such as sealing; the guarantor or its legal representative (responsible person) or officer
violates any law, regulation or applicable rules of stock exchange; the guarantor (when it is an individual) is missing or dead (announced
to be dead); the guarantor breaches the guarantee contract; there is any dispute between the guarantor and the borrower; the guarantor
requires cancelling the guarantee contract; the guarantee contract does not take effect, or is invalid or cancelled; the secured real
right is not set up or take effect; any other event affecting the security of the creditor’s right of the loaner.

 

▲▲8.8 The borrower
promises: during the period since the signing date of this contract to the date at which the principal, interest and relevant expenses
of the loan under this contract are paid off, the financial index, external rating, as well as production and operation qualification/license
of the borrower will always comply with this contract, and such production and operation qualification/license will pass the annual inspection
if necessary.

 

8.9 The
Borrower guarantees that the Borrower and its employees and agents will not provide, give, ask for or receive any form of material benefits
(including but not limited to cash, physical cards, tourism, etc.) or other non-material benefits other than those agreed herein to the
Lender or its employees in any form; Do not use the funds or services provided by the lender in any form, directly or indirectly, for
activities related to corruption or bribery; If the borrower is aware of any violation of this article, it shall provide clues and relevant
information to the lender in a timely, truthful, complete and accurate manner, and cooperate with the lender on relevant matters as required
by the lender.

 

8.10 According
to the lender’s environmental and social risk assessment standards, if the borrower is a customer with environmental and social risks
classified as A or B, the borrower shall assume the following obligations:

 

(1) Establish and improve the
internal management system of environmental and social risks, and specify the responsibilities, obligations and punishment measures of
relevant responsible personnel of the borrower;

 

    13

     

    

 

(2) Establish and improve the
emergency response mechanism and measures for environmental and social risk emergencies;

 

(3) Establish special departments
and/or designate special personnel to be responsible for environmental and social risks;

 

(4) Cooperate with the lender
or a third party recognized by the lender in the assessment and inspection of the borrower’s environmental and social risks;

 

(5) Respond appropriately or
take other necessary actions when the public or other interested parties strongly question the borrower’s performance in controlling environmental
and social risks;

 

(6) Urge the borrower’s vital
related parties to strengthen management and prevent the environmental and social risks of related parties from being transmitted to the
borrower;

 

(7) Perform other obligations
that the lender considers relevant to the control of environmental and social risks.

 

▲▲Article 9. Adjustment of Line
of Credit, Acceleration of Maturity and Repricing of Risk

 

9.1 Any
event below should be deemed as the “early maturity event” of this contract:

 

(1) The
borrower does not repay the principal or interest of the loan according to the Application for Use of Line of Credit under this
contract;

 

(2) The
borrower makes any false representation or guarantee under this contract;

 

(3) Any
event that should be notified as specified in Article 8.6 occurs and influences or may influence the security of the creditor’s
right of the loaner;

 

(4) Any
law, rule or regulatory policy is changed to the extent that the loaner will or may violate the law or rule if it issues the loan according
to this contract;

 

(5) While
performing the contract with the loaner or any third party, the borrower conducts any breach or the debt may be or has been announced
to be mature in advance;

 

(6) The
borrower breaches any other article of this contract.

 

(7) According to the lender’s
environmental and social risk assessment standards, if the borrower’s environmental and social risks are classified as A or B, the borrower
has any of the following events:

 

1
The borrower is punished by relevant government departments due to poor environmental and social risk management;

 

2
The borrower is strongly questioned by the public and/or the media due to poor environmental and social risk management, and it is verified
that there are relevant situations;

 

3
The borrower violates the obligations related to environmental and social risk management agreed with the lender in other contracts.

 

9.2 In
case of any “early maturity event”, the loaner may take any one, several or all measures below:

 

(1) To
lower, suspend or cancel the line of credit under this contract;

 

(2) To
stop issuing the loan unused by the borrower;

 

(3) To
stop paying the loan unused but already withdrawn by the borrower;

 

    14

     

    

 

(4) To
require the borrower to supplement the issuance and payment conditions of loan to the loaner with the regulated period;

 

(5) To
require the borrower to change the payment mode as required by the loaner;

 

(6) To
reprice against the risk in executing the loan according to Article 9.3;

 

(7) To
announce that the principal of loan already issued under this contract becomes mature and require the borrower to repay the principal
and interest of all the mature loan immediately.

 

9.3 In
view of the production and operation situation of the borrower when signing this contract, both parties have determined the interest rate
and its adjustment through negotiations. The borrower agrees that in case of any “early maturity event”, the loaner may reprice
against the risk in executing the loan according to this article.

 

9.3.1 The
repricing mentioned above consists of two modes, including repricing and directly raising the loan interest rate. The specific mode is
agreed by both parties in Article 21.

 

9.3.2 “Negotiated
reprice” means that the loaner may require the borrower to negotiate with the loaner within the regulated period to raise the loan
interest rate and both parties will determine the “repricing date” and relevant interest rate in the form of supplemental
agreement.

 

9.3.3 “Direct
raise of loan interest rate” means that the loaner may directly raise the loan interest rate according to this article and Article
21.

 

9.3.3.1 Since
the loan sends a notice of “repricing date” to the borrower, the loan interest rate should be applied to each loan that the
borrower has not repaid by the “repricing date”.

 

9.3.3.2 If
the loan currency is RMB, US dollar, Euro, Hong Kong dollar, Japanese yen and British pound, the increased loan interest rate of each
loan shall be determined according to the plus (minus) point value agreed in Article 21.2.1 on the basis of the applicable pricing benchmark
value on the “repricing date”. The “repricing date” shall be the T date, and the pricing benchmark value rules applicable
to the T date shall be implemented in accordance with Article 3.5.1 of the Contract.

 

9.3.3.3 If the loan currency
is other than RMB, US dollar, Euro, Hong Kong dollar, Japanese yen and British pound, the increased loan interest rate shall be determined
according to Article 21.2.2.

 

9.3.4 After the lender executes
risk repricing as agreed above, the new interest rate will be executed from the “repricing date”. On the basis of this interest
rate, it is still subject to floating adjustment as agreed in Article 3 of this contract. If both parties agree to change relevant agreements,
the agreement after the change shall prevail. If the loan is overdue (including the borrower’s failure to repay on time or the lender’s
announcement of early maturity) or misappropriated, the default interest rate for overdue and misappropriated loans shall be determined
on the basis of the new interest rate (including the interest rate after floating adjustment as agreed in this contract), and the interest
rate for compound interest shall be adjusted accordingly.

 

9.3.5 The implementation of
“risk repricing” shall not be deemed or interpreted as the lender waiving other rights stipulated by laws and regulations and
agreed in this contract. The Lender has the right to take other measures to protect creditor’s rights in accordance with laws and regulations
and this Contract, including but not limited to the measures agreed in Article 9.2.

 

    15

     

    

 

▲▲Article 10. Breach

 

10.1 If
the borrower does not repay the principle or interest of the loan in time or uses the loan for any purpose not included in this contract,
the loaner will collect the interest at the default interest rate of overdue or embezzled loan, and collect the compound interest of the
outstanding interest. If the default interest rate is adjusted according to this contract, the compound interest rate should also be adjusted
correspondingly.

 

10.2 If
the borrower does not repay the principle or interest of the loan in time, it should assume the calling expense, lawsuit expense (or arbitration
expense), preservation expense, announcement expense, execution expense, attorney’s fee, travel expense and other expenses of the
loaner in realizing the creditor’s right.

 

▲▲Article 11. Deduction

 

11.1 The
borrower authorizes that in case of any payable principal, interest, default interest, compound interest or any other expense of the loan,
the loaner may deduct the fund in any account of the borrower opened at any branch of Bank of Communications Co., Ltd. to repay the amount
mentioned above.

 

11.2 After
such deduction, the loaner should inform the borrower of relevant account number, contract number, number of Application for Use of
Line of Credit, deduction amount and remaining debt.

 

11.3 If
the deducted fund is insufficient to repay all the debt of the borrower, the debt to be repaid by such fund should be determined according
to this contract.

 

11.4 If
the currency of the deducted fund is different from that of the debt to be repaid, the deducted fund should be converted at the exchange
rate published by Bank of Communications Co., Ltd. at the time of deduction. If any settlement, sales or exchange procedure of foreign
currency is necessary, the borrower is obliged to assist the loaner and assume the risk in exchange rate.

 

Article 12. Notice

 

12.1 Contact
details provided by the borrower in this contract (including mailing address, telephone number and fax number) are all authentic and valid.
In case of any change of any contact detail, the borrower should send/deliver such change to the mailing address offered by the loaner
in this contract immediately. Such change should take effect when the loaner receives the notice of change.

 

12.2 Unless
otherwise specified in this contract, the loaner may send a notice to the borrower in any manner below. The loaner may choose the manner
it thinks fit but is relieved from any liability for the error, omission or delay caused by the postal service, fax, telephone or any
other communication system. If the loaner chooses several manners, the one delivering the notice to the borrower, the fastest should prevail.

 

(1) If
the loaner chooses the announcement, the date at which the loaner publishes the announcement on its website, online bank, telephone bank
or outlet should be deemed as the delivery date;

 

(2) If
the loaner chooses the personal delivery, the date at which the borrower signs to confirm the reception should be deemed as the delivery
date;

 

(3) If
the loaner chooses the postal service (including express delivery, ordinary mail and registered mail) to send the notice to the latest
mailing address of the borrower that the loaner knows, the third day (in the same city)/the fifth day (in different cities) since the
sending date should be deemed as the delivery date;

 

(4) Fax,
mobile phone short message or other electronic communication methods shall be delivered to the borrower’s fax number, mobile phone number
or e-mail address designated by the borrower that the lender knows most recently, and the date of sending shall be deemed as the date
of service. The aforementioned delivery refers to the entry of relevant information into the server terminal of the service provider without
taking the actual display of relevant information on the client terminal as the standard.

 

    16

     

    

 

12.3 The
borrower agrees that, unless the lender receives the borrower’s written notice on changing the mailing address, the mailing address filled
by the borrower in this contract is the address where the court serves judicial documents and other written documents to the borrower.
The scope of application of the above address for service includes but is not limited to the first instance of civil litigation, objection
to jurisdiction and reconsideration, second instance, retrial, remand for retrial and enforcement procedures. If the borrower responds
to the lawsuit and directly submits the confirmation of service address to the court, if the confirmed address is inconsistent with the
communication address recently known by the lender, the court has the right to serve according to the address on the confirmation of service
address.

 

In the process of dispute resolution
under the Contract, the court may serve the judgment, ruling and mediation statement on the Borrower in any of the following ways:

 

(1) The date of delivery by
post (including express mail, ordinary mail and registered mail) shall be the date on which the borrower signs on the service receipt;

 

(2) The date when the borrower
signs on the service receipt shall be deemed as the date of service.

 

If the court uses the method
of delivery by post (including express mail, ordinary mail and registered mail), if the borrower fails to sign on the service receipt,
or the mailing address filled in by the borrower is inaccurate, or the mailing address is actually changed, but the lender does not receive
the borrower’s written notice on changing the mailing address, resulting in the return of the judgment, ruling and mediation statement,
the date when the document is returned shall be deemed as the date of service.

 

If the court adopts the method
of personal service, if the borrower fails to sign on the service receipt, the date of service shall be the date when the sender records
the situation on the service receipt.

 

Except for the judgment, ruling
and mediation statement, the court has the right to give any notice to the borrower through any communication method agreed in Article
12.2. The Court shall have the right to choose such means of communication as it thinks fit, and shall not be liable for any errors, omissions
or delays in the delivery of mail, fax, telephone, telex or any other communication system. If the court chooses multiple communication
methods at the same time, the one that reaches the borrower faster shall prevail.

 

12.4 This clause is an independent
dispute resolution clause in the contract. If the contract is invalid, canceled or terminated, the validity of this clause will not be
affected.

 

▲▲ Article 13. Disclosure and
Confidentiality

 

13.1 With respect to the information
and materials of the borrower obtained in the signing and performance of this contract, the loaner may not violate any law, rule or regulatory
requirement to use such information and materials. It should assume the confidentiality liability but not disclose such information and
materials to any third party, except for under following circumstances:

 

(1) The
law or rule requires such disclosure;

 

(2) The
judicial department or regulatory authority requires such disclosure;

 

(3) When
the borrower does not repay the principal and/or interest of the loan in time, the loaner has to make the disclosure to the external professional
advisor for the purpose of realizing the creditor’s right under this contract but such external professional advisor must assume
the confidentiality obligation;

 

    17

     

    

 

(4) The
borrower agrees or authorizes the loaner to make the disclosure.

 

13.2 The
borrower confirms that it has signed the Credit Information Inquiry and Provision Authorization. The loaner may inquire, use and
keep the credit information of the borrower within the scope regulated by the authorization.

 

13.3 Besides
the circumstance specified in Article 13.1 and Article 13.2, the borrower further agrees Bank of Communications Co., Ltd. to use or disclose
the information and materials of the borrower under following circumstances, including but not limited to the basic information, credit
transaction information, adverse information and other relevant information and materials of the borrower, and is willing to assume all
the consequences thereof:

 

Bank of Communications Co.,
Ltd. may disclose such information and materials on a confidentiality basis to the business outsourcing institution, third party service
provider, other financial institutions and other institutions or individuals that the loaner deems necessary, including but not limited
to other branches or wholly-owned subsidiaries of Bank of Communications Co., Ltd. for the purpose below: 1
It conducts the line of credit business or any relevant business, such as promoting the line of credit business of Bank of Communications
Co., Ltd., calling for the debt from the borrower and transferring the creditor’s right of the line of credit business; 2
The loaner provides or may provide the borrower with the new product or service, or further provides the service.

 

Whether Article 13.3 is applicable
should be subject to Article 24 of this contract.

 

Article 14. Applicable Laws and Dispute Solution

 

Laws of the People’s
Republic of China (for the purpose of this contract, excluding laws of Hong Kong, Macau and Taiwan) apply to this contract. Any dispute
under this contact should be brought to the competent court at the place of the loaner, unless otherwise regulated in this contract. Both
parties should continue to perform those articles not involved in the dispute during the period of dispute solution.

 

Article 15. Effectiveness of the contract,
loan nature and contract composition

 

15.1 This
Contract shall come into force after being signed (or sealed) by the legal representative (principal) or authorized representative of
the Borrower and affixed with the official seal, and signed (or sealed) by the legal representative (principal) or authorized representative
of the Lender and affixed with the special seal for contract. If the special seal for contracts affixed by the lender is the special seal
for offshore credit business contracts (or other special seals for contracts with the word “offshore”), the loans under this
contract are offshore business loans.

 

15.2 The
Application for Use of Line of Credit and other relevant documents and materials signed under this contract are indispensable parts
of this contract.

 

15.3 Application
for Use of Line of Credit is the supplement to this contract. Unless otherwise regulated in the Application for Use of Line of
Credit, rights, obligations and other matters of the borrower and the loaner should still be subject to this contract.

 

Article 16. Specific Content of Line of Credit

 

16.1 Currency of line of credit:
RMB; Amount in words: ten million yuan;  It can be used in √
currency ☐ line currency and other currencies acceptable to the lender; This line belongs to ☐
Revolving line ☐ One time line (can be used for many times)
√ One time line (only used once).

 

16.2 Purpose of credit line:
business turnover.

 

16.3 The credit term is from
April 3, 2022 to April 3, 2023.

 

    18

     

    

 

Article 17. Interest Rate

 

If the loan currency is other
than RMB, US dollar, euro, Hong Kong dollar, Japanese yen and British pound, the applicable pricing benchmark types, daily interest rate
calculation rules and pricing benchmark value determination rules applicable to the corresponding loan on the applicable date of the pricing
benchmark and the adjustment date of the loan interest rate are agreed as follows:

 

 ____________________________________/____________________________________ 

 

Article 18. Account

 

18.1 The borrower
appoints the following account to be the issuance account. The account ☐ is √
is not the dedicated loan issuance account opened at the loaner. If both parties otherwise regulate in the Application for Use of
Line of Credit, such Application for Use of Line of Credit should prevail.

 

	 	Account name:	ChinaLink Professional Services Co., Ltd.

 

	 	Account number:	310066865018010213932

 

Bank of deposit: Zhangjiang
Sub-branch of Bank of Communications

 

18.2 The borrower appoints
that:

 

(1) The
repayment account:

 

		Account name:	ChinaLink Professional Services Co., Ltd.

 

		Account number:	310066865018010213932

 

Bank of deposit: Zhangjiang
Sub-branch of Bank of Communications

 

(2) The
fund collection account:

 

		Account name:	ChinaLink Professional Services Co., Ltd.

 

		Account number:	310066865018010213932

 

Bank of deposit: Zhangjiang
Sub-branch of Bank of Communications

 

Article 19. Issuance, Payment and Repayment
of Loan

 

19.1 The period of each
loan withdrawn under this contract should be no longer than 12 √
months ☐ days, and the maturity date of all the loan should
be no later than Oct 3, 2023

 

19.2 The limit of
independent payment under the Contract is: √ RMB ☐/(foreign
currency) zero thousand yuan or equivalent in other currencies.

 

19.3 The entrusted payment
by loaner is compulsory once any condition below is met:

 

 ____________________________________/____________________________________ 

 

 _________________________________________________________________________ 

 

19.4 In the mode of independent
payment by the borrower, the borrower should report the payment of loan fund to the loaner within 15 days since the issuance of loan.

 

    19

     

    

 

Article 20. Financial Restriction, External
Rating, Production and Operation Qualification/License

 

20.1 Limit on the external
investment by the borrower is RMB 90 million; limit on the increase of debt financing is RMB 90 million.

 

20.2 Specific regulations on
the financial indexes of the borrower:

 

(1)  ____________________________________/____________________________________

 

(2)  _________________________________________________________________________  

 

(3)  _________________________________________________________________________  

 

20.3 Specific regulations on
the external rating:

 

(1)  ____________________________________/____________________________________

 

(2)  _________________________________________________________________________  

 

20.4 Specific regulations on
the production and operation qualification/license of the borrower:

 

(1)  ____________________________________/____________________________________

 

(2)  _________________________________________________________________________  

 

▲▲Article 21. Repricing of Risk

 

21.1 This contract adopts the
first repricing mode below: (1) Repricing through negotiations; (2) Direct raising the loan interest rate.

 

21.2 Once the “direct
raising the loan interest rate” is adopted:

 

21.2.1 If the loan currency
is RMB, US dollar, Euro, Hong Kong dollar, Japanese yen and British pound,, the increased interest rate plus (minus) points shall be:
☐ no point plus or minus ☐
plus percentage points ☐ minus / percentage points.
If a loan is otherwise agreed, the increase (decrease) value of the interest rate after the increase of the loan shall be subject to the
records in the application for the use of the applicable limit.

 

21.2.2 If the loan currency
is other than RMB, US dollar, Euro, Hong Kong dollar, Japanese yen and British pound, the loan interest rate after the increase is:

 

___/_____________ 

 

Article 22. Contact Details

 

Contact details of the borrower
to receive the notice specified in Article 12:

 

		Mailing address:	1F, Building 18, 498 Guoshoujing Road

 

		Addressee:	Yang Xiaofeng

 

		Post code:	201203

 

		Tel:	_______________

 

		Mobile:	13701602419

 

		Fax:	_______________

 

		E-mail:	paulyang@clpsglobal.com

 

Article 23. Counterparts

 

This contract is made with
four copies. Both parties and the guarantor (if any) holds one copy (ies) respectively.

 

    20

     

    

 

Article 24. Miscellaneous

 

24.1 Both parties agree
that Article 13.3 √ applies ☐ does not apply to this
contract.

 

24.2 According to the lender’s
environmental and social risk assessment standards, the borrower ☐
belongs to a customer √ not classified as A or B in terms of environmental
and social risks.

 

24.3 The payment method of
the loan under the Contract shall be subject to the Application for Use of Quota signed by the Lender.

 

24.4 Although otherwise
agreed in this contract, during the epidemic control period, both parties agreed that the signing and effective method of this
contract was changed to: [Yang Xiaofeng, ID No. 310110196303106258, Chairman] signed this contract on behalf of the borrower, The
signed contract and scanned copies of all documents and materials related to the performance of the contract (hereinafter
collectively referred to as “contract documents”, in PDF or JPG format) shall be sent to the email designated by the
borrower (paulyang@clpsglobal.com) Send to the email address
designated by the lender (zhang_shiting@bankcomm.com) Such contract
documents shall be deemed as the borrower’s own behavior, and shall have the same legal effect as the original and have legal
binding force on the borrower. Once the contract documents are sent, they shall be deemed to be delivered. Without the written
consent of the lender, they shall not be withdrawn, revoked, changed or declared invalid. The lender has the right to make loans,
entrusted payments and other operations according to the contract documents. This contract takes effect from the date of the
lender’s first loan. After the closure measures are lifted, the borrower shall timely submit the original contract documents
to the lender, and cooperate with the lender to handle the re sealing and other necessary procedures.

 

Borrower:  ChinaLink
Professional Services Co., Ltd. 

 

Legal representative (responsible
person):  Yang Xiaofeng 

 

Address:  Room 26C01,
828-838 Zhangyang Road, China (Shanghai) Free Trade Area

 

Loaner: Xinqu Branch
(Sub-branch) of Bank of Communications Co., Ltd.

 

Responsible person:  Cen
De  

 

Mailing address:  230
Xinjinqiao Road, Pudong New Area, Shanghai, China  

 

	The borrower has read this contract and the loaner has made detailed descriptions as required by the borrower. The borrower possesses no objection or doubt when signing this contract and understands all the articles, especially the meaning and legal consequence of those marked with ▲▲.

 

(This page is the signature page of the Working
Capital Loan Contract, and there is no text below)

 

    21

     

    

 

		 	
	 	 	 
	Borrower: (Seal)	 	Loaner: (Seal)
	 	 	 
	(Seal: ChinaLink Professional Services Co., Ltd.)	 	(Seal: Line of Credit Business Contract Seal of Shanghai Xinqu Sub-branch of Bank of Communications Co., Ltd.)
	 	 	 
	Legal representative (responsible person)
or authorized representative	 	Legal representative (responsible person) or authorized
    representative
	 	 	 
	(Signature or seal)	 	(Signature or seal)
	 	 	 
		 	
	 	 	 
	Date: May 26, 2022	 	Date: June 23, 2022

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00349-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00349-of-00352.parquet"}]]