Document:

Exhibit
10.6

 

[2019]
L.L.N.S.H.B.Z. No. B17229201909260001

 

Guarantee
Contract

 

	Guarantor	LAI Gang       YANG Lin
	 	 
	 	Jiangxi Universe Pharmaceuticals Co., Ltd.
	 	 
	 	Foshan Shangyu Investment Holding Co., Ltd.
	 	 
	 	WANG Fujing

 

	Debtor	Jiangxi Universe Pharmaceuticals Commerce and Trade Co., Ltd.
	 	 
	Creditor	Jiangxi Luling Rural Commercial Bank Co., Ltd.

 

		Jiangxi
    Rural Commercial Bank

 

    	 	1	 

     

    

 

Special
Notice: This Contract is entered into by and between Party A and Party B through negotiation on the basis of equality and free
will. All the terms and conditions hereof represent the true intention of both parties. In order to protect the legitimate rights
and interests of Guarantor, the Creditor hereby requests the Guarantor to give full attention to the provisions concerning the
rights and obligations of the parties, especially those shown in bold.

 

		

    	 	2	 

     

    

 

Guarantee
Contract

  

[2019]
L.L.N.S.H.B.Z. No. B17229201909260001

 

	Guarantor: 	LAI Gang        YANG Lin
            WANG Fujing
	 	Jiangxi Universe Pharmaceuticals Co., Ltd.
	 	Foshan Shangyu Investment Holding Co., Ltd. (hereinafter referred to as Party A)
	 	The specific details of Party A can be found in Appendix 1 Details of Guarantor.

 

	Creditor: Jiangxi Luling Rural Commercial Bank Co., Ltd. (hereinafter referred to as Party B)
	Legal Representative / Person in Charge: PENG Yue _______________
	Mailing Address: No. 205 Fuchuan Road, Ji’an County _______________
	Postal Code: 343100 _______________ _______________
	Tel.: 8435534 _______________ Fax: _______________

 

In
order to ensure the performance of the Contract (Contract No.: [2019] L.L.N.S.H.L.J.Z. No. 172292019092610030001)
(hereinafter referred to as the Master Contract) executed by and between Jiangxi Universe Pharmaceuticals Commerce and Trade
Co., Ltd. (hereinafter referred to as the Debtor) and Party B on September 26, 2019, and guarantee the realization
of Party B’s creditor’s right, Party A is willing to provide guarantee for the Debtor’s obligations under the Master Contract.
Pursuant to the relevant national laws and regulations, the Parties hereto enter into this Contract upon consensus through negotiation.

 

Article
1 Secured Principal Creditor’s Right

 

1.
The secured principal creditor’s right is based on the maximum amount of creditor’s right and applicable to the provisions of
following Item (1):

 

(1)
The secured principal creditor’s right is based on the loan granted by Party B in accordance with the Master Contract, and the
principal amount is CNY (in words) Eight Million. The loan borrowed hereunder shall be used for the company’s
working capital, and the loan term shall be 12 months, from September 26, 2019 to September
25, 2020. In case of any change, it shall be subject to the provisions of the Master Contract.

 

    	 	3	 

     

    

 

 

(2) The secured principal
creditor’s right shall be the balance of the loan principal continuously granted by Party B to the Debtor during the period stipulated
in the Master Contract. The maximum amount of the loan principal shall be (currency and amount in words) _________________. The
loan borrowed hereunder shall be used for _________________, and the loan term shall be from ____MM____DD ___YY to ____MM____DD
___YY. In case of any change, it shall be subject to the provisions of the Master Contract.

 

The scope of guarantee
shall be subject to Article 2 hereof.

 

Article 2 Scope
of Guarantee

 

The scope of Party A’s guarantee shall include all the principal
creditor’s rights, interests, overdue interests, compound interests and penalty interests under the Master Contract, interests
on delayed performance, liquidated damages and compensation for the period of performance specified in the legal documents, and
all expenses incurred by Party B for realization of its creditor’s right. The expenses incurred by Party B for realization of
its creditor’s right include but are not limited to announcement fees, service expenses, identification fees, attorney fees, litigation
fees, travel expenses, evaluation fees, auction fees, property preservation costs and enforcement fees.

 

 

Article 3 Guarantee
Type

 

1. The guarantee type
hereunder shall be joint and several liability guarantee;

 

2. In the event that
Party A provides joint guarantee for multiple guarantors, each guarantor shall assume joint and several liabilities for all creditor’s
rights.

 

3. In the event that
the Debtor fails to settle the debts as agreed in the Master Contract, and there are both guarantee and real rights for security
for the creditor’s right under the Master Contract, Party B shall, at its discretion, have the priority right for claim from the
Guarantor or real rights for security, or concurrently claim for repayment from the Guarantor and real rights for security.

 

Article 4  Guarantee
Period

 

1. The guarantee period
of each loan contract guaranteed by this Contract shall be calculated separately and shall be three years from the day following
the loan maturity specified in each loan contract.

 

2. In the event that
the loan specified in a single loan contract will become matured by installments, the guarantee period of each loan shall be three
years from the day following the maturity of each loan.

 

3. In the event that
Party B recovers the loan in advance according to the provisions of the Master Contract, the guarantee period shall be three years
from the day following the repayment date notified by Party B to the Borrower.

 

Article 5 Independence
of Contract Effectiveness

 

The effectiveness of
this Contract is independent from other guarantee contracts. In the event that there are other guarantee under the Master Contract,
Party B shall have the right to exercise the security rights under this Contract in preference, and in the event that, for any
reason, Party B waives the mortgage right or pledge right to the property of the Debtor to the master contract, or changes the
sequence or content of the mortgage right or pledge right, thus resulting in the loss or reduction of its priority right for claim
under the said mortgage right or pledge right, Party A’s guarantee liabilities shall not be exempted or reduced.

 

    	 	4	 

     

    

  

Article 6 Rights
and Obligations of Party A

 

1. Has the right to
know the contents and terms of the Master Contract executed by Party B and the Debtor;

 

2. Has the obligation
to accept the financial supervision conducted by Party B and truthfully provide relevant financial information as required by Party
B; and to sign and receive the collection letter or other collection documents issued by Party B and send the receipt within 3
days of signing and receiving.

 

3. In case of contracting,
leasing, shareholding reform, joint operation, consolidation, merger, division, joint venture, application for suspension of business
for rectification, application for dissolution, application for bankruptcy or change of registered capital, Party A shall give
a 30 days’ prior notice to Party B;

 

4. In case of production
suspension, business suspension, cancellation of registration, revocation of business license, legal representative or principal
person in charge engaging in illegal activities, involving in a lawsuits with more than 20% of the registered capital, serious
difficulties in production and operation, and deterioration of financial situation, Party A shall give a 5 days’ prior notice
to Party B;

 

5. In the event that
any of the above situations compromise Party A’s guarantee ability, Party A shall ensure that all the guarantee liabilities hereunder
will be properly fulfilled;

 

6. During the guarantee
period, in the event that Party A provides any form of guarantee to any third party, it shall not damage Party B’s interests;

 

7. Party A shall be
obliged to supervise the Borrower’s use of the loan; upon expiration of the principal debt performance period, Party A shall be
obliged to urge the Debtor to pay off the debts.

 

8. Prior to the
completion of the performance of the loan contract, Party A may not exercise the right to claim repayment or any right obtained
under this Guarantee Contract, even if Party A has paid off part of the debts. However, if Party A’s intend is to maintain
the limitation of action, this limitation shall not apply, and the enforcement fund of the action shall be used to repay the principal
and interest of the loan first.

 

Article 7 Rights
and Obligations of Party B

 

1. Has the right to
require Party A to provide relevant documents that can prove its legal identity;

 

2. Has the right to
conduct financial supervision over Party A and require Party A to provide all materials that can reflect its credit standing;

 

3. Upon expiration of
the principal debt performance period, Party B shall have the right to require Party A to assume the guarantee liabilities for
the outstanding creditor’s right;

 

4. Party B shall have
the right to notify Party A in writing to assume the guarantee liabilities in advance under any of the following circumstances:

 

    	 	5	 

     

    

 

(1) Where Party B terminates
the Master Contract according to the Master Contract;

 

(2) Where Party B collects
the loan in advance according to other circumstances stipulated in the Master Contract.

 

5. In the event that
Party A fails to perform the guarantee liabilities according to this Contract, Party B shall be entitled to deduct the corresponding
amount directly from any account opened by Party A with Party B. Party B shall not be held liable for the interest loss or any
other losses caused to Party A by such deduction.

 

6. During the term of
this Contract, in the event that the principal creditor’s right is transferred according to law, Party B shall give a notice to
Party A.

 

Article 8 Representation
and Guarantee of Party A

 

1. It has the qualification
of guarantor subject according to Chinese laws and may provide guarantee for others.

 

2. It has sufficient
capacities to undertake the guarantee liabilities and shall not be diminished or exempted from its guarantee liabilities as a result
of any instruction, change of financial status or any agreement executed with any unit.

 

3. It fully understands
the loan purpose of the Borrower under the Master Contract, and provides the guarantee for the Borrower under the Master Contract
on completely voluntary basis. The execution of this Contract represents its true intention.

 

4. In the event that
the Borrower fails to perform its obligations to repay the principal, interest and relevant fees according to the Master Contract,
Party B may directly claim for repayment from Party A, and Party A authorizes Party B to deduct funds from all accounts opened
by Party A with Party B and all its branches to repay the debts under the Master Contract.

 

5. Party A guarantees
that it has obtained the necessary authorization or approval in accordance with its Articles of Association for providing guarantee
for others.

 

Article 9 Liability
for Breach of Contract

 

1. After this Contract
takes effect, both Party A and Party B shall perform this Contract. In the event that either party fails to perform or fails to
fully perform this Contract, it shall bear the corresponding liabilities for breach of contract and compensate for the losses of
other party caused thereby;

 

2. In the event that
this Contract becomes invalid due to Party A’s fault, Party A shall compensate Party B for all losses.

 

Article 10 Other
Provisions Agreed upon By Both Parties

 

1. Party A agrees that:
In the event that there are other guarantee contracts for the secured creditor’s right, Party B shall, at its discretion, be entitled
to determine the right exercise order. Party B may not only have the right to directly exercise the mortgage right without first
claiming rights from other guarantors, but may also have the right to directly require other guarantors to undertake the joint
and several guarantee liabilities. If Party B waives the real rights for security or the sequence of other rights under other guarantee
contracts or changes the real rights for security, Party A shall assume the guarantee liabilities in accordance with this Contract
and shall not be exempted from any liabilities;

 

2.__________________________________________________;

 

3. __________________________________________________.

 

    	 	6	 

     

    

 

Article
11 Agreements on Service

 

1.
The contact information (including mailing address, telephone number, fax number, etc.) provided by the Guarantor in this Contract
shall be true and valid and shall be the address for service of any notice of the Creditor for the Guarantor. In case of any change
to the contact information, the Guarantor shall immediately send/mail the change information in writing to the mailing address
provided by the Creditor in this Contract. Such information change shall become effective upon the Creditor’s receipt of
the change notice.

 

2.
Unless otherwise expressly provided for in this Contract, the Creditor shall be entitled to give notice to the Guarantor in any
of the following methods. The Creditor shall be entitled to choose the notification method as it thinks fit and shall not be held
liable for any error, omission or delay in delivery by mail, fax, telephone, WeChat or any other communication system. Where the
Creditor simultaneously chooses several notification methods, the one by which the notice is served to the Guarantor earlier shall
prevail.

 

(1) By announcement.
The notice shall be deemed to be served on the date on which the Creditor publishes the announcement on its website, online banking,
telephone banking or business outlets;

 

(2) By hand. The notice
shall be deemed to be served on the date on which the Guarantor signs for the receipt, or if the Guarantor refuses to sign for
the receipt, the date on which the server makes a record on the proof of service on the spot;

 

(3) By mail (including
express mail, surface mail or registered mail). The notice, when addressed to the Guarantor’s mailing address last known
to the Creditor, shall be deemed to be served on the date on which the Guarantor signs for the receipt, or if the Guarantor fails
to sign for the receipt, the date on which the mail is returned;

 

(4) By fax, mobile phone
SMS, WeChat or other electronic communication methods. The notice, when sent to the Borrower’s fax number, the mobile phone number,
WeChat account number or email address designated by the Guarantor which is last known to the Creditor, shall be deemed to be served
on the date on which the notice is sent.

 

3. The Guarantor agrees
that, unless the Creditor receives from the Guarantor a written notice concerning the change of mailing address, the court may
serve judicial documents and other written documents on the Guarantor through the mailing address provided by the Guarantor in
this Contract. During the dispute settlement, if the court serves the judicial documents or other written documents by mail (including
express mail, surface mail or registered mail) to the Guarantor’s mailing address last known to the Creditor, such documents
shall be deemed to be served on the date on which the Guarantor signs for receipt of the proof of service, or if the Guarantor
fails to sign for receipt of the proof of service, the date on which the mail is returned;

 

With the exception of
the judgments, verdicts and mediations, the court shall be entitled to give any notice to the Guarantor by any methods of communication
agreed in this Paragraph 2. The court shall be entitled to choose the communication method as it thinks fit and shall not be held
liable for any error, omission or delay in delivery by mail, fax, telephone, telex or any other communication system. Where the
court simultaneously chooses several communication methods, the one by which the notice is served to the Guarantor earlier shall
prevail.

 

    	 	7	 

     

    

 

Article 12 Applicable
Law and Dispute settlement

 

1. This Contract shall
be governed by the laws of the People’s Republic of China.

 

2. After this Contract
takes effect, any dispute arising from the execution or performance hereof or in connection with this Contract shall be settled
by both parties through negotiation. If such negotiation fails, either party may file a lawsuit with the People’s Court having
jurisdiction over the place of the Creditor in accordance with the law.

 

3. During the dispute
settlement, in the event that the dispute does not affect the performance of the remaining provisions of this Contract, such remaining
provisions shall continue to be performed.

 

4. After negotiation
between the parties, the parties may conduct notarization for the compulsory enforcement of this Contract. The Guarantor agrees
that this Contract shall have the compulsory enforcement effect after it is notarized. In the event that the Guarantor fails to
perform its obligations under this Contract, the Creditor may apply to the People’s Court having jurisdiction for compulsory enforcement
according to law.

 

Article 13 Effectiveness,
Modification, Dissolution and Termination of the Contract

 

1. This Contract shall
take effect from the date when the legal representatives (persons in charge) or authorized agents of Party A and Party B respectively
affix their signatures and the corporate seals or special seals for contracts hereto, and shall be terminated on the date when
the Borrower to the Master Contract has fully paid off the loan principal, interests, compound interests and penalty interests,
interests on delayed performance, liquidated damages and compensation for the period of performance specified in the legal documents,
expenses for realization of the creditor’s right and all other payable expenses under the Master Contract.

 

2. After this Contract
takes effect, the parties may not modify or dissolve this Contract without permission. The parties may modify (if necessary) or
dissolve this Contract by executing a written agreement upon jointly negotiation. This Contract shall remain valid until a written
agreement is reached.

 

3. This Contract is
made out in duplicate, with Party A, Party B and ___/___ holding one counterpart each. Each counterpart
shall have the same legal effect.

 

Article 14 Representation

 

1. The details of Party
A can be found in Appendix 1;

 

2. Party A is clearly
aware of the Debtor’s loan purposes and has no objection to the loan purposes;

 

3. Party A has carefully
read all the provisions of this Contract, especially those shown in bold. At the request of Party A, Party B has made a full explanation
to the provisions of this Contract. Party A has the full knowledge of and fully understand the meaning and corresponding legal
consequences of the provisions hereof, which is consistent with Party B’s understanding of this Contract.

 

4. Party A has read
the Master Contract and has no objection to the relevant provisions of the Master Contract.

 

    	 	8	 

     

    

 

	(This page is for signatures)	
	 
	Party A:
	 
	Guarantor 1 (Seal):

	 	

Legal Representative or Authorized Agent (Signature & Seal):
LAI Gang [signature & fingerprint]

 

	Guarantor 2 (Seal): LAI Gang [signature & fingerprint]	
	 
	Legal Representative or Authorized Agent (Signature & Seal): 
	 
	Guarantor 3 (Seal):

 

Legal Representative or Authorized Agent (Signature & Seal):
LAI Gang [signature & fingerprint]

 

Guarantor 4 (Seal): YANG Lin [signature &
fingerprint]

 

Legal Representative or Authorized Agent (Signature & Seal):

 

Guarantor 5 (Seal): WANG Fujing [signature &
fingerprint]

 

	Legal Representative or Authorized Agent (Signature & Seal):	 
	Party B (Seal):

 

Person in Charge or Authorized Agent (Signature & Seal):
LUO Julan

 

Contract Execution Place: Luling Rural Commercial
Bank Business Department

Contract Execution Date: September 26, 2019

 

    	 	9	 

     

    

 

Appendix 1

 

Details of Guarantor

 

Guarantor (Party A):

 

	Name of Guarantor 1: Jiangxi Universe Pharmaceuticals Co., Ltd.
	Valid Identity Document Name and No.:
	Legal Representative / Person in Charge:
	Mailing Address:
	Postal Code:	Tel.:
	Account Name and Account No. with the Creditor:

 

	Name of Guarantor 2: Foshan Shangyu Investment Holding Co., Ltd.
	Valid Identity Document Name and No.:
	Legal Representative / Person in Charge:
	Mailing Address:
	Postal Code:	Tel.:
	Account Name and Account No. with the Creditor:

 

	Name of Guarantor 3: LAI Gang
	Valid Identity Document Name and No.:
	Legal Representative / Person in Charge:
	Mailing Address:
	Postal Code:	Tel.:
	Account Name and Account No. with the Creditor:

 

    	 	10	 

     

    

 

	Name of Guarantor 4: YANG Lin
	Valid Identity Document Name and No.:
	Legal Representative / Person in Charge:
	Mailing Address:
	Postal Code:	Tel.:
	Account Name and Account No. with the Creditor:

 

	Name of Guarantor 5: WANG Fujing
	Valid Identity Document Name and No.:
	Legal Representative / Person in Charge:
	Mailing Address:
	Postal Code:	Tel.:
	Account Name and Account No. with the Creditor:

 

	Name of Guarantor 6:
	Valid Identity Document Name and No.:
	Legal Representative / Person in Charge:
	Mailing Address:
	Postal Code:	Tel.:
	Account Name and Account No. with the Creditor:

 

 

11Exhibit 10.7

 

		Jiangxi
        Universe Pharmaceuticals Commerce and Trade Co., Ltd.

                                                                                                                                                          

        Product
        Sales Agreement (the “Agreement”)

	 	 
	Party
    A: Jiangxi Universe Pharmaceuticals Commerce and Trade Co., Ltd.	Date:
    
	 	 
	Party
    B: 	Location:
    Ji’an City, Jiangxi Province
	 	 	 

1.
Product name, quantity, price and manufacturer

 

	Product
    Name	Specification	Unit	Qty.	Unit
    Price	Amount	Manufacturer
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	Total
    Amount (RMB in words):	 	 	 	 	 	 

 

    	 	Page 1 of 2	 

     

    

 

2.
Delivery Method: Products sold shall be sent to the premise designated by Party B. Delivery costs shall be borne by Party
A.

 

3.
Transportation Method: Automobile transportation.

 

4.
Payment Method and Deadline: Payment shall be made through bank transfer and within 90 days after Party B receives the
products.

 

5.
Acceptance Standard and Deadline for Raising an Objection: Party B shall accept the products according to different product
types. An objection shall be raised within three days after Party B receives the products; otherwise, it is deemed as no objection
to product quality.

 

6.
Returns and Exchanges: Returns shall be accepted if the reason of return is based on product quality and the return request
is made within the allotted time frame. Returns and exchanges based on other reasons may be made if Party B obtains consent from
Party A.

 

7.
Breach of Contract: If Party A fails to perform the Agreement, it shall compensate for the actual economic losses to Party
B. If Party B fails to perform or breaches the Agreement, it shall bear the actual economic losses.

 

8.
Dispute Resolution: The Parties agree to settle any disputes that arise from this Agreement through good faith negotiations.
If the Parties are unable to settle the matter between themselves, the matter shall thereafter be resolved by filing a proceeding
at Ji’an County People’s Court.

 

9.
Force Majeure: If either of the Parties is unable to perform the Agreement arising out of or caused, directly or indirectly,
by circumstances such Party’s reasonable control, it shall notify the other party within 24 hours. The nonperforming party
receives proof of force majeure from a competent authority, it may delay its performance, partially perform, or not perform the
Agreement, and be exempted from bearing some or all of the damages caused, depending on the actual circumstances.

 

10.
Other Matters: The Agreement has been executed in two (2) duplicate originals in Chinese. Each Party shall receive one
(1) original copy, all of which shall be equally valid and enforceable.

 

	Party
    A: Jiangxi Universe Pharmaceuticals Commerce and Trade Co., Ltd.	Party
    B: 
	Add.:
    Jingjiu Avenue, Jingkai District, Jiangxi	Add.:
    
	Tel.:
    	Tel.:

 

 

Page
2 of 2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00313-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00313-of-00352.parquet"}]]