Document:

Exhibit 10.14

 

Loan Application

2021/3/16

	Address: 2-5-9, Kotobashi, Sumida-Ku, Tokyo, 1300022, Japan	Amount: 153,572,000 JPY
	
    Name: Yoshitsu Co., Ltd

    Representative President: /s/ Mei Kanayama
	Desired Borrowing Date: 2021/3/22
	Repayment Due Date: 2021/8/31
	Use: Koshigaya warehouse construction funds	No new collateral for this application.
	Repayment Method: Lump sum-payment
	
    Interest Payment method: Deducted from the Client’s
    account at the end of every month

     

    ☑The
    first interest payment starts from the first day to 2020/12/31 shall be implemented at the loan start date, with deferred payment for
    the previous month on the last day of every month. However, interest up to the final repayment date will be prepaid on the final transfer
    date.

 

Revolving Mortgage Change Contract Certificate

2021/3/22

The Client set up a revolving mortgage on the property
described below by a contract with a revolving mortgage on 2019/9/26. It is registered as No. 22065 at Saitama District Legal Affairs
Bureau Koshigaya Branch office claim reception desk 2019/9/26.

 

the maximum amount is changed as follows:

Maximum Amount

 

Before: 730,000,000 JPY

After: 780,000,000 JPYExhibit 10.15

 

Loan Agreement Certification

March 26, 2021

The Client

Address: 2-5-9, Kotobashi, Sumida-Ku, Tokyo, 1300022,
Japan

Company: Yoshitsu Co., Ltd

Name: /s/ Mei Kanayama

 

	Use	Equipment Fund
	Implement Date	2021/3/31
	Amount	200,000,000 JPY
	Original Repayment Due Date	2028/3/31
	Original Repayment Method	Lump sum-payment
	Repayment Method	Deducted from the Client’s account
	Repayment period and Repayment times and amount	
    (1)
    Full payment of the loan once on the principal repayment date

    (2) Interest:

    28 times of interest payment,

    The amount obtained by multiplying
    the loan principal balance by the loan interest rate and the number of days (one end) of each interest calculation period and dividing
    by 365 (rounded down to the nearest yen)

	Rate	Annual rate of base interest rate plus spread
	Base interest rate	Interest rate corresponding to 3 months of the Japanese Yen TIBOR (Telerate 17097 page or its successor page) announced by the JBA TIBOR management organization after 11:00 am, which is as close as possible to 11:00 am, two business days before the first day of the interest calculation period
	Spread	
    (1)
    When real ordinary income before depreciation> 0 JPY: 6.000%

    (2)
    Real ordinary income before depreciation <0 JPY: 0.7000%

    ※Real ordinary income before
    depreciation is, in principle, by adding the amount of cost amortization (the same items described in SG & A and manufacturing cost
    statements) to the amount of ordinary income (or shape loss) in the Client's financial statements. calculate. In addition, accounting
    treatment that is not considered appropriate for calculating shape profit (or ordinary loss) is performed, such as expenses that do not
    occur normally are recorded in sales (manufacturing) costs, SG & A expenses or other non-operating losses. If so, use the ordinary
    income (or ordinary loss) calculated based on the accounting treatment that the lender deems appropriate.

	Interest calculation period	The period from each interest payment date (the loan execution date for the first interest calculation period) to the next interest payment date
	Repayment date and amount of each time	As described in the attached table
	Money other than principal and interest that the Client should bear	
    (1) Damages in Article 3, Paragraph 4

    (2) BC repayment fee described in Article 6

    (3) Clearing money described in Article 7

    (4)  Expenses stated in Article
    11

    (5) Compensation for damages in Article 16
    Paragraph 1

    (6) Delayed damages described in Article
    17

	Total amount of repayment to be paid in the future	
    285,173,866 JPY

    Maximum spread (6.60%) on TIBOR (corresponding
    to 3 months, 0.07909%) as of March 19, 2021

    ) Is applied, and it is calculated assuming that
    the prepayment was not made

	Contents of the provisions regarding the amount of compensation and penalties	As described in Article 3, Paragraph 4, Article 16 and Article 17
	Whether or not to repay before the deadline and its contents	Yes (conditional). As described in Article 6
	Existence and content of loss of profit due to deadline	Yes. As stated in Article 16
	Documents received by the lender regarding the loan	As stated in Article 9
	Name of designated dispute resolution organization	
    Japan Financial Service Association  

    Money Lending Business Consultation and Dispute
    Resolution Center

    3-19-15 Takanawa, Minato-ku, Tokyo

    Tel:03-5739-3861Exhibit 10.16 

 

Revolving
Credit Facility Contract (7 billion) Dated on September 25, 2020 

 

	Borrower	Yoshitsu Co., Ltd
	Guarantor 	Mei Kanayama
	Arranger	
    MUFG Bank,

    Mizuho Bank

	Co-arranger	Kiraboshi Bank
	Agent	MUFG Bank
	Lenders and Maximum Amount of the Loan	See followings

 

	Lender	Maximum Loan Amount (JPY)
	
    MUFG Bank

    Mizuho Bank

    Kiraboshi Bank

    Resona Bank

    SMBC Bank

    United Overseas Bank

    Ashikaga Bank

    The Iyo Bank

    Chiba Bank

    Tokyo Star Bank

    SMBC Trust Bank

    Kochi Bank

    Tokushima Taisho Bank

    Kansai Mirai Bank

    Musashino Bank

    The Kita-Nippon Bank

    Toei Credit Bank

    SUM
	
    1 billion

    1.45 billion

    500 million

    700 million

    600 million

    500 million

    300 million

    300 million

    300 million

    300 million

     300
    million

     250
    million

    200 million

    100 million

    100 million

    50 million

    50 million

    7 billion

 

Repayment Method: The Borrower
pays the principal of the loan in one lump sum on its maturity date.

 

Purpose:
Working Capital

 

Interest Rate: The interest rate
of the JPY TIBOR announced by the JBA TIBOR management organization at 11:00 am or after 11:00 am, which is as close as possible to 11:00
am, two business days before the desired execution date, corresponding to the standard loan period. In addition, if the interest rate
is not announced for some reason, the Tokyo Interbank Market will be held at 11:00 am, two business days before the desired execution
date, or at the latest time prior to that.

 

Interest Payment:
The borrower pays the total amount of interest calculated by multiplying the principal amount of the individual loan for each lender
by the applicable interest rate and the actual number of days of the loan period on the maturity date.

 

Period: 2020-9-30-2021-9-30

 

Commitment
Fee: Annual rate 0.3%.

 

Spread
Rate: Annual rate 0.7%

 

Change
of the Contract: This contact will not be modified without the written agreement of the Borrower, Guarantor, All Lenders and
Agents.

 

     

     

    

 

Rights and Obligations of the Lender:

 

		●	The lender
lends money to the borrower up to the maximum lending amount of the lender.

 

		●	If the
lender violates the lending obligation and does not make an individual loan on the desired execution date, the lender will incur all
damages, etc. incurred by the borrower due to the breach of the lending obligation from the borrower. Compensation will be provided as
soon as requested. However, compensation for the damages, etc. will be provided based on the interest and other expenses that the borrower
would have to pay or would have to pay if the borrower made a separate loan because the individual loan was not made on the desired date
of execution. The upper limit is the amount after deducting interest and other expenses that the borrower would have to pay if the individual
loan was made on the desired date of execution.

 

		●	Each
lender makes its own judgment. Other lenders and agents are not responsible for the lender's judgment or non-execution of individual
loans.

 

		●	The lender
is entitled to get the information such as the borrower’s operation, financial activities, inventory and loan usage. Lender could
require disclosure of Borrower’s financial status.

 

		●	Each of the lenders can cease to lend the loan or withdraw the
loan before the due date in the situation caused by Borrower which would be detrimental to the safety of the loan.

 

		●	In the event of a non-lending event for the lender, the agent
will immediately notify the borrower, guarantor and all lenders.

 

		●	Increasing costs incurred The lender can claim the burden of the
increased costs from the borrower by notifying the borrower through the agent, and if there is such a request, the borrower will be charged
with the increased costs by the lender who incurs the additional cost.

 

		●	Based on the consignment of all lenders, the agent exercises the
authority that the agent deems normally necessary or appropriate in performing the agent business and exercising authority for all lenders.
Agent has no obligations other than those expressly set forth in the terms of this Agreement and is not liable for Lender's failure to
fulfill its obligations under this Agreement. In addition, the agent is an agent of the lender and does not act as an agent of the borrower
or the guarantor unless otherwise specified.

 

		●	The lender shall notify the agent to request the gathering of
the majority lenders if it determines that a reason requiring instructions from the majority lenders stipulated in this contract has
occurred.

 

		●	The agent can resign by notifying all lenders, borrowers and guarantors.

 

		●	The lender shall transfer
                                                                                                                                                                   all of the loan claims and other claims based on this agreement only if all the requirements stipulated in the following items are
                                                                                                                                                                   met, unless otherwise provided in this agreement (transfer of a part of the claim is not permitted). In addition, the transferor and
                                                                                                                                                                   the transferee meet the perfection requirement for the transfer and the perfection requirement for the debtor on the transfer date,
                                                                                                                                                                   and in this case, the transferor and the transferee shall immediately notify the guarantor and the agent of the fact of the transfer
                                                                                                                                                                   under the joint name. (1) The claims transferred by the transferee shall be bound by the relevant provisions of this agreement (the
                                                                                                                                                                   transferee shall not bear the loan obligation). (2) The transferee is a qualified transferee.

 

    2 

     

    

 

Rights and Obligations of the Borrower:

 

		●	The borrower
may terminate all of the loan obligations or reduce a portion of the total loan limit by notifying the agent 10 business days in advance
during the commitment period. When a part of the total maximum loan amount is reduced, the amount related to the reduction shall be 100
million yen or more and an integral multiple of 100 million yen. If a part of the total maximum loan amount is reduced, the maximum loan
amount of the lender will be reduced proportionally according to the participation rate of the lender at that time. When the agent receives
the notification from the borrower, it notifies the lender without delay. The Borrower cannot revoke the notice and any termination of
all lending obligations or partial reduction of the total loan limit shall take effect on the date indicated in the notice upon which
the termination or reduction is desired.

 

		●	If the
borrower intends to execute this loan, the loan application will be submitted to the agent by noon of three business days before the
desired execution date. Indicate your intention to apply for a loan. The loan application is submitted by faxing the loan application
and confirming that the agent has received it by telephone.

 

		●	Without
the consent of the lender, the borrower may not repay all or part of the principal of the loan before the maturity date.

 

		●	If the
borrower and guarantor have delayed the performance of their obligations under this Contract to the lender or agent, the late damages
calculated by multiplying the amount of late performance debt by an annual rate of 14% will be paid immediately upon receiving a request
from the agent.

 

		●	In order
to repay the obligations under this contract, the borrower and the guarantor shall pay by the payment deadline for those with a repayment
date in this contract, and those without a repayment date in this contract. Immediately after receiving a request from the agent, the
money will be credited to the relevant accounts.

 

		●	The borrower
shall not assign the status or rights and obligations under this contract to a third party without the prior consent of all Lenders,
Guarantors and Agents. The guarantor neither.

 

		●	Unless
all lenders and agents consent in advance to the borrower's or guarantor's obligations under this contract, repayment by a third party
other than the borrower (excluding the guarantor) is not permitted.

 

		●	The borrower
and guarantor are obliged to keep confidential the contents of the contract.

 

 

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