Document:

Contract
No.: ZCJZ201910010002

 

Shop
Rental Contract of Zhichuang Juzhen Industrial Park

 

 

Lessor
(hereinafter referred to as Party A): Shenzhen Zhichuang Juzhen Technology Ltd.

 

Lessee
(hereinafter referred to as Party B): Wunong Catering Chain Management (Shenzhen) Co., Ltd. (in case of a natural person,
also write ID Card No.)

 

In
the light of the principles of good faith, mutual benefit and reciprocity and in accordance with the Contract Law of the People’s
Republic of China and other laws, Party A and Party B conclude this Contract for their joint observance with respect to the
matter that Party B leases the premises from Party A:

 

Article
1: Location and Area of the Leased Premises

 

The
shop is located at: Room 106, Yichao Apartment, Building 11, No. 2 Hourui Industrial Zone, Huorui Community, Hangcheng Street,
Baoan District, Shenzhen, and covers an area of 539.98 square meters(subject to the lease area set forth in the appendix).

 

Article
2: Lease Purpose: Shop.

 

Article
3: Lease Term:

 

	1.	Lease
    Term: Three Years: being from September 12, 2019 to September 11, 2022.
	 	 
	2.	Renewal:
    After the expiration of the lease period as agreed in this Contract, if Party A agrees so, Party B may continue to lease the
    premises under this Contract, at the rent within the lease term, and Party B has the priority right to lease on the same conditions.
    The rights and obligations of both Parties within the renewal term shall be governed by the corresponding provisions of this
    Contract, unless otherwise agreed by both Parties.

 

Article
4: Rent, Payment Method and Payment Period of Rent:

 

	1.	Rental
    amount: RMB 50,912 (Rent/month) plus RMB 3,399 (property fee/month), totaling RMB 54,311/month (in words: Fifty-four
    Thousand Three Hundred and Eleven Yuan Only). Party A and Party B agree that from the lease date as agreed in this Contract,
    the rent will increase by 8% every two years. 

 

    	 	 	 

    	 

    

 

	2.	Payment
    Method: The payment method will be designated by Party A. Within three natural days of the signing date of this Contract,
    Party B shall pay Party A one month of rent and the lease deposit equal to two-month rent in a lump sum, and
    from the first month for which Party B pays the rent, Party B shall pay the rent on a monthly basis prior to the 5th
    day each month. The lease deposit shall be refunded by Party A to the account designated by Party B without any
    interest within five business days of the expiration of this Contract between both Parties. The details of Party A’s
    receipt account are as follows:
	 	 
	 	Account
    Name: Shenzhen Zhichuang Juzhen Technology Ltd.
	 	 
	 	Account
    Bank: Shenzhen Agricultural Commercial Bank Xixiang Sub-branch
	 	 
	 	Account
    No.: 0002 8056 2700
	 	 
	3.	Party
    B must pay Party A the rent as agreed between them, or else Party B shall be deemed to have breached this Contract, and the
    liquidated damages shall be RMB one hundred thousand Yuan only.
	 	 
	4.	Agreement
    on Rent-free Period: Party A will grant Party B a rent-free period of 0 (renewal) natural day, commencing from the
    start date of lease term.

 

Article
5: Supporting Facilities in the Premises and Expenses Bearing

 

	1.	Party
    B shall pay Party A or the third-party property management company the water and electricity costs, real estate and land use
    tax and other direct expenses for the use of facilities in the leased premises. (Unit prices of water and electricity costs:
    RMB 8/ton and RMB 1.5/kilowatt-hour respectively)
	 	 
	2.	Party
    B shall solely bear all of other expenses incurred by conduct of business activities in the leased premises (including the
    costs incurred by Party B due to its own application for installation of telephone, broadband, cable TV, etc.)
	 	 
	3.	During
    the lease term, Party B shall be liable for maintenance fees of the damage to the quality of the leased premises or their
    internal and external facilities, including internal and external waterproof, doors, windows, water and electricity of the
    leased premises.

 

Article
6: Repair of the Premises within Lease Term

 

	1.	After
    the Lessor delivers the leased premises to the Lessee, the Lessee shall solely be responsible for decorating and repairing
    the leased premises within the use period. If the Lessee cease to use the leased premises, the Lessee shall not damage the
    fixed decoration facilities and structure of the leased premises.
	 	 
	2.	If
    the Lessee needs to change the original appearance or main structure of the leased premises in the process of decoration,
    it shall make an application with Party A, and may begin the construction only after obtaining the consent of Party A and
    the leaders of the relevant department, and file such change with the relevant department for record. Such decoration must
    be conducted by the qualified construction unit. Any and all problems occurring during and after the construction shall have
    nothing to do with Party A. If the construction is conducted without consent, Party A shall be entitled to early terminate
    this Contract and claim for losses. All consequences caused thereby shall be negotiated by both Parties or submitted to the
    relevant legal department, and Party B will be investigated for legal liability for its unauthorized construction.

 

    	 	 	 

    	 

    

 

Article
7: Rights and Obligations of Party A

 

	1.	Party
    A shall be entitled to charge Party B the rent and other expenses or liquidated damages.
	 	 
	2.	Party
    A shall be entitled to supervise Party B to correctly use the leased premises, and ensure that Party B will normally use the
    facilities inside and outside the leased premises at the time of access thereto.
	 	 
	3.	Party
    A will not bear the operational risks and liabilities incurred by Party B.
	 	 
	4.	Party
    A shall be entitled to early terminate this Contract and make a claim if Party B :renovates, subleases, transfers or lends
    the leased premises without authorization; uses the leased premises to conduct the illegal operation and activities, which
    damages the public interests or Party A’s interests; and is in default of payment of the rent. If Party B subleases
    the partial premises within the lease period, it shall obtain the consent of Party A.
	 	 
	5.	Party
    A will separately sign fire safety agreement with Party B as an Appendix attached to this Contract, shall be entitled to supervise
    Party B to safely use the leased premises, and to require Party B to make corrections when finding that Party B has any potential
    safety hazard.
	 	 
	6.	When
    Party B undergoes the formalities for industry, commerce and taxation, Party A shall provide Party B with the relevant certificate
    of the leased premises.
	 	 
	7.	If
    Party B uses water and electricity as agreed, Party A shall ensure that the leased shop normally uses water and electricity.

 

Article
8: Rights and Obligations of Party B

 

	1.	Party
    B shall use the leased premises to conduct normal activities pursuant to the use thereof and not be intervened by Party A,
    provided that Party B shall not changes such use without authorization.
	 	 
	2.	Party
    B shall ensure the fire safety, and solely be liable for personal and property damage caused by the use or decoration of the
    leased premises by Party B.
	 	 
	3.	Party
    B shall pay the rent and other expenses of the leased premises.

 

    	 	 	 

    	 

    

 

	4.	Party
    B shall not dismantle or change the structure of the leased premises, nor engage in any illegal activities in the leased premises.
	 	 
	5.	If
    either Party is unable to normally operate in the course of business due to the other party’s causes, then the responsible
    party shall be liable for all losses caused thereby.

 

Article
9: Liability for Breach and Compensation for Termination of this Contract

 

	1.	If
    the leased premises are damaged or result in any loss to the Lessee or are unable to be used due to force majeure or a natural
    disaster, both Parties shall not compensate each other and this Contract shall terminate.
	 	 
	2.	If
    either Party early cancels this Contract or sublease the leased premises to any other person in absence of breach of this
    Contract, such Party shall be deemed to have unilaterally breached this Contract, shall compensate the other Party for all
    economic losses and pay the liquidated damages in an amount of RMB one hundred thousand Yuan only.

 

Article
10: Dispute Resolution

 

Any
disputes occurring in the performance of this Contract shall be settled by both Parties through friendly negotiation, failing
which, either Party may bring an action with the people’s court.

 

Article
11: Regarding the matters not covered in this Contract, both Parties shall sign the supplemental agreement after joint negotiation
according to the relevant provisions of the Contract Law of the People’s Republic of China, which shall have the
equal legal force with this Contract.

 

Article
12: This Contract shall become effective after both Parties affix their signatures and seals hereon. This Contract shall be made
in three pages and signed in four originals, and both Parties shall each keep two, with each of equal legal force.

 

	Lessor
        (Seal): Shenzhen Zhichuang Juzhen Technology Ltd.

        

         

        

         

        Representative
(Signature): 

        Tel:
                                                             

        Mailing
        Address:                             

         

         

         

        October
        15, 2019
	 	Lessee
        (Seal): Wunong Catering Chain Management (Shenzhen) Co., Ltd.

         

        

         

        Representative
(Signature): 

        Tel:
        13759823978

        Mailing
        Address: Room 106, Yichao 

        Apartment,
        Building 11, No. 2 Industrial 

        Zone,
        Hourui Community

         

        October
        15, 2019Loan
Contract

 

Party
A (Borrower): Wunong (Shenzhen) Technology Co., Ltd

 

Party
B (Lender): Xia Changbin

 

This
Loan Contract is hereby made and entered into by and between Party A and Party B through amicable consultation, whereby both parties
hereto agree on the following matters.

 

I.
Loan Purpose

 

As
the working capital of Wunong (Shenzhen) Technology Co., Ltd

 

II.
Loan amount

 

The
Borrower borrows RMB 2 (two) million Yuan from the Lender (paid in 2019).

 

III.
Loan interest and payment method

 

1.
Since the date of disbursement of the loan, the annual profit shall be 0% within the loan period specified in the Contract. If
the Borrower fails to repay the amount on schedule, the overdue part of the interest rate will be 8%.

 

2.
The loan is paid to the following account number:

 

Company
name: Wunong (Shenzhen) Technology Co., Ltd

Opening
bank: Shenzhen Meilin Branch, CCB (China Construction Bank)

Account
number: 44250100006900001704

 

IV.
Term of Loan

 

The
Borrower promises to repay the loan at the interest rate specified in this Contract from January 1, 2019 to December 31, 2020.
In case the loan is overdue, the Lender shall have the right to recover the loan within a specified period.

 

V.
Terms Change

 

When
it is necessary to change the contract terms due to the change of interest rate by the state, both parties shall sign the documents
for changing the contract as an integral part of the contract.

 

VI.
Rights & Obligations

 

The
Lender shall have the right to monitor and supervise the use of the Loan and understand the solvency of the Borrower. The Borrower
shall provide the relevant information truthfully. If the Borrower fails to use the loan as terms and conditions stipulated in
the Contract, the Lender shall have the right to recover part of the loan and impose penalty interest on the default part in accordance
with the provisions of the Bank. In case of prepayment by the Lender, the interest shall be reduced as required.

 

VII.
Settlement of disputes

 

All
disputes in connection with or in execution of this Contract shall be settled through friendly negotiations, or jointly entrusted
to a third party approved by both parties for mediation. In case either party is unwilling to negotiate or mediate, or no settlement
can be reached through negotiations, either party may file a lawsuit to the people’s court for award.

 

VIII.
For the matter(s) not mentioned or covered (if any) in this Contract shall be settled through the relevant rules and regulations
of the Contract Law of the People’s Republic of China.

 

In
Testimony Whereof, this Contract shall come into effect after the Contract in question is signed and sealed by the Parties hereto
in duplicate, and either Party will hold one copy, both copies being equally authentic

 

Lender:
Xia Changbin

Borrower:

Date
of Signature: January 1, 2019

 

    	 	 	 

     

    

 

 

    	 	 	 

     

    

 

0408185

	Food
        Distribution License

         

        (Duplicate)

         

        Company
        Name: Wunong Technology (Shenzhen) Co., Ltd

        Social
        Credit Code: 914403003427480000

        Legal
        Representative (Person in Charge): Xia Changbin

        Address:
        B401, Building 12, Hourui 2nd Industrial Zone, Hourui Community, Hangcheng Sub-district, Bao’an District,
        Shenzhen City

        Business
        Address: B401, Building 12, Hourui 2nd Industrial Zone, Hourui Community, Hangcheng Sub-district, Bao’an
        District, Shenzhen City

         

        Business
        Type: Food distributor (wine wholesaler, online business)

        Business
        Items: sales of prepackaged food (excluding chilled and refrigerated foods); sales of bulk food (excluding chilled and
        refrigerated foods, bulk cooked food and bulk wine)

         

         

         

        Valid
        to: May 26, 2024

         
	 	Statement

         

        1.
        Food Distribution License is the legal documents for food business operators to obtain food, food additives permit.

         

        2.
        Food Distribution License has the original and the duplicate, and they have the same legal forces and shall be placed
        at the conspicuous position of the dwelling.

         

        3.
        Food Distribution License shall not be counterfeited, altered, leased, lent or transferred in other forms.

         

        4.
        The food business operator shall expand the food business within the approved scope of the license

         

        5.
        The food business operator shall accept the supervision and management of industrial and commercial administration.

         

        6.
        The food business operators shall apply the former registration department for changing when the registered proceedings
        are changed.

         

        7.
        Before the expiry of 30 days, the food business operator shall in timely manner to the licensing authority for an extension
        of the Food Production Licence.

         

        License
        No.: JY14403060985402

        Supervision
        Authority: Bao’an Food and Drug Administration

        Supervisor:
        Appointed by the Supervision Authority

        Hotline:
        12331

        Issuing
        Authority: Shenzhen Food and Drug Administration (seal)

        Issuer:
        Li Zhong

         

        May
        2, 2019

 

Supervised
by State Food and Drug Administration

 

    	 	 	 

     

    

 

Corporate Online Banking of China Construction
Bank Page 1/1

 

	E-receipt of Online Banking of China Construction Bank
	Currency: RMB Yuan    Date: 20190412 Voucher No.:    Account Details No. - Transaction SN: 2910-4420008000016UPPQJKVE
	Payer	Full name: Yang Hanwu 	Payee	Full name: Wunong (Shenzhen) Technology Co., Ltd
	ID: 6230583000011077031	Account number: 44250100006900001704
	Opening bank: Ping An Bank 	Opening bank: Shenzhen Meilin Branch, CCB (China Construction Bank)
	Amount in words:	Five hundred thousand Yuan Only	Amount in figures:	500,000.00
	Purpose	Inter-bank transfer 	Cash/Exchange code	 
	Abstract: Self-defined	 
	Important prompt: the Bank has accepted the transaction successfully, this receipt does not serve as the final basis for the transaction of the payee and the payer. Please print the formal receipt on the second day after the transaction succeeds.
	 	 	 	 	 

Corporate Online Banking of China Construction
Bank Page 1/1

 

	E-receipt of Online Banking of China Construction Bank
	Currency: RMB Yuan    Date: 2019129 Voucher No.:    Account Details No. - Transaction SN: 1766-44200080016GPKBURWF
	Payer	Full name: Xia Changbin	Payee	Full name: Wunong (Shenzhen) Technology Co., Ltd
	ID: 6230583000011077031	Account number: 44250100006900001704
	Opening bank: Ping An Bank	Opening bank: Shenzhen Meilin Branch, CCB (China Construction Bank)
	Amount in words:	One point five million Yuan Only	Amount in figures:	1,500,000.00
	Purpose	Inter-bank transfer	Cash/Exchange code	Cash
	Abstract: Self-defined	 
	Important prompt: the Bank has accepted the transaction successfully, this receipt does not serve as the final basis for the transaction of the payee and the payer. Please print the formal receipt on the second day after the transaction succeeds.

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