Document:

Exhibit 10.12

 

 

 

	SFWL-YS	1 / 9

 

Freight Transportation Contract

 

	 	Contract no.:
	 	 
	 	Date:<The date of signing contract>
	 	 
	 	Location:	< The specific location of the contract signing branch >

 

Party A:Shengfeng

 

Party B:

 

This Contract is made and entered
into by and between Party A (the consignor) and Party B (the carrier) regarding Party A’s consignment of Party B to transport goods in
accordance with the terms and conditions of this Contract.

 

	1.	Entrust

 

	1.1.	Party A entrusts Party B to transport the goods designated
by Party A. Unless the goods are transported to the logistics outlets designated by Party A in the general loading list, the mode of
transportation under this contract shall be “door-to-door” transportation, loading and unloading and other complete logistics
services.

 

	2.	Rights and obligations of Party A

 

	2.1.	Party A shall provide Party B with documents related to the
transportation of goods.

 

	2.2.	Party A shall designate a specially-assigned person to contact
Party B and coordinate the transportation of the goods and any other relevant matters.

 

	2.3.	Party A has the right to assign personnel to supervise and
guide Party B’s transportation of goods, so as to ensure the correct transportation of goods.

 

	2.4.	If the service quality of Party B’s transportation personnel
(drivers, loading and unloading personnel, etc.) affects the matters entrusted by Party A, Party B shall replace the transportation personnel
and compensate Party A for the losses caused.

 

	2.5.	Party A shall pay the transportation fees according to the
relevant provisions of the contract after Party B completes the transportation of the goods as agreed and Party A’s recipient signs for
confirmation.

 

	3.	Rights and obligations of Party B

 

3.1 Party B shall guarantee to complete the corresponding
transportation work according to the transportation procedures, effective documents and receipts provided by Party A, and ensure the safety,
timeliness and accuracy of goods transportation.

 

3.2 Party B agrees and accepts to provide logistics
services 24 hours a day, seven days a week in accordance with the service scope, price, time limit and agreed items listed in the appendix
of this contract. Party B must arrange a special person to be responsible for the 7 * 24-hour contact and operation of each project in
this contract. If the contact person is changed, Party B shall timely inform Party A of the updated information in the form of letter
of authorization.

 

3.3 Party B shall provide corresponding transportation
capacity according to Party A’s business needs and development, that is, provide vehicles of different specifications.

 

3.4 Party B shall guarantee to provide a means
of transport that meets the conditions for transporting the goods. Party B must use the vehicle confirmed by Party A during transportation.
When transporting a certain batch of goods, Party B must ship the goods according to Party A’s shipping requirements and cannot replace
the vehicle. Otherwise, Party B shall pay Party A a penalty of 10% of the freight of the current shipment, and compensate Party A in full
for any loss caused thereby.

 

    This contract and its appendices (if any) shall be void of any alteration, deletion or addition except to fill in the necessary subject, person and time of signing of the contract or the existing blank.
 
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3.5 Goods handover::

 

(1) The general loading order issued
by Party A to Party B is the certificate of each business entrusted by both parties. The general loading order shall indicate the goods
model, quantity, packaging, place of departure, place of termination, time of arrival, etc., and shall be signed by the representatives
of both parties. Each party holds one copy of the general loading order. The general freight loading list and other relevant documents
shall be attached to the contract. If Party A does not issue the “general freight loading order” to Party B, but Party A issues
the transportation instructions to Party B through WeChat, QQ, SMS and other forms, after Party B confirms, WeChat, QQ, SMS records can
also be used as the certificate of each business entrusted by both parties.

 

(2) When loading goods at the shipping
place designated by Party A, Party B shall check the name, specification, grade, quantity, weight and external packaging of the loaded
goods according to the transportation documents, and shall also supervise the loading process on site. If the goods are found abnormal
during loading, it shall be recorded in the general loading order. If there is no general loading order, it shall immediately notify Party
A through wechat, QQ, SMS and other forms. If there is no abnormal loading order record or other forms of notification record, it means
that Party A delivers the goods to Party B in good condition. After the completion of loading, the safety risk of the goods on board shall
be transferred to Party B until the receipt signed by the receiving party is obtained;

 

3.6 Delivery::

 

(1)During
the transportation, Party B shall ensure that there are no broken or scattered packages, the packages are firm and operate according
to the transportation package marks, and the goods shall not be placed upside down or horizontally, and the large ones shall be pressed
against the small ones, while the heavy ones shall be pressed against the light ones. In case of loss, shortage, deterioration, pollution
and damage of the goods caused by any reason such as loss, damage, theft and being robbed in the process of loading, unloading and transportation,
Party B must immediately inform Party A, and immediately take positive and effective rescue, protection and arrangement measures to avoid
the expansion of the loss. Any loss shall be compensated by Party B to Party A according to the market price of the goods (except that
Party B has recorded the abnormal goods in the general loading order when taking delivery of the goods).

 

(2)If the consignee refuses to accept
the goods or fails to find the consignee, Party B must notify Party A, and Party A shall instruct Party B to deal with it, but Party B
has no right to decide. If the customer refuses the goods due to Party B’s reasons, the freight will not be calculated; For the goods
rejected by the customer due to Party A’s reasons, the freight shall be calculated according to the normal situation; For the goods rejected
by the customer due to the reasons of both parties, Party A shall pay part of the freight through negotiation.

 

(3)Party B shall deliver the goods
to the designated receiving unit within the specified time (delivery arrival time shall be subject to the time limit specified in Annex).
If the time limit is not up to the standard, it shall be assessed in accordance with the provisions of Annex. In case of wrong delivery
due to Party B’s responsibility, Party B shall deliver the goods to the designated receiving unit free of charge. In case of delay in
delivery, Party B shall pay Party A 10% of the freight as penalty every night and bear the losses caused to Party A.

 

(4)When unloading at the destination
designated by Party A, Party B shall take the receipt signed by the receiving party as the delivery certificate, including the intact
condition of the outer packing, appearance quality and tonnage, number of pieces, delivery time, etc. Receipt is an important cargo transfer
voucher, which must be signed and sealed by the consignee. Party B has the responsibility to ensure that the identity information of the
signer and the consignee is consistent, and the arrival signature is true and effective. Party B shall not forge or alter the delivery
receipt or other proof of receipt, otherwise Party B shall bear the corresponding liability for breach of contract and compensation.

 

3.7 Transport capacity guarantee: for the goods
on the transportation route of Party B, the vehicles must be in place and unconditionally transported within_____ hours after Party B’s
contact person receives Party A’s shipping order, otherwise, Party B shall be deemed to be in shortage of vehicles and shall be assessed
according to the assessment terms of shortage of vehicles .

 

3.8 Party B shall not engage in any activities
that may damage Party A’s image. Party B shall not dismantle, repackage or process the goods without authorization (except the packaging
required by Party A).

 

    This contract and its appendices (if any) shall be void of any alteration, deletion or addition except to fill in the necessary subject, person and time of signing of the contract or the existing blank.
 
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3.9 Party B shall strictly abide by the laws and
regulations of the People’s Republic of China during the transportation of the goods. If Party B commits any illegal act, Party B shall
bear all legal liabilities arising therefrom. Party B shall indemnify Party A for any loss caused to Party A; Party A shall have the right
to terminate the Contract and Party B shall indemnify Party A for the losses caused by such termination.

 

3.10 Party B shall not disclose Party A’s trade
secrets to the public in any form, otherwise, Party B shall be responsible for any loss (such as reputation damage, economic damage, etc.)
of Party A caused thereby.

 

3.11 Party B shall handle the relevant
vehicle and cargo insurance as required by Party A, and the insurance expenses of the cargo insurance shall be borne by Party B.

 

3.12 Party B shall not refuse Party A’s order
or terminate this contract, otherwise, Party B shall pay Party A liquidated damages at the rate of 10% of the total value of such batch
or batches of goods, and bear all losses caused to Party A.

 

4 Performance bond

 

4.1 Party B shall pay ____yuan (uppercase:    ) to
Party A as the performance bond in the following manner: Mode1/ Mode 2. Party A will issue a fund receipt to Party B after receiving the
deposit paid by Party B.

 

☐ Mode 1: Party B shall pay the
performance bond to Party A by transfer or cash.

 

☐ Mode 2: Party A shall deduct the
corresponding amount from the subsequent freight payable to Party B as the performance bond.

 

4.2 Performance Bond shall be used to guarantee
Party B’s full and timely performance of all obligations hereunder. If Party B fails to pay the performance bond to Party A in full in
time, Party A shall have the right to terminate or rescind this Contract.

 

4.3 Party A may use the above deposit to directly
offset any amount that Party B shall pay to Party A under this agreement, including but not limited to collection, overdue interest, overdue
fine, goods loss compensation and liquidated damages. If Party B fails to make any of the above payments within the time limit specified
by Party A in accordance with the contract, Party A shall have the right to deduct the corresponding part from the performance bond within
3 days. If there are more than one due payment at the same time, it shall be deducted from the deposit in the following order: (1) liquidated
damages (2) Fines (3) Damages (4) Other accounts payable by Party B.

 

4.4 If the performance bond is reduced due to
deduction in accordance with this contract, Party B shall make up for it within five working days. If Party B fails to pay and make up
the performance bond in accordance with the contract, or Party B fails to pay the insufficient part on time when the performance bond
is insufficient to offset the liquidated damages and fines payable by Party B and compensate Party A for the corresponding losses, Party
A shall have the right not to pay any transportation expenses to Party B, and shall not bear any responsibility. If Party B does not have
such expenses, Party B shall pay Party A an overdue fine of 0.5% of the daily amount not made up. If the payment is not made within 30
days, Party A may unilaterally terminate the contract without refund of the remaining deposit.

 

    This contract and its appendices (if any) shall be void of any alteration, deletion or addition except to fill in the necessary subject, person and time of signing of the contract or the existing blank.
 
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4.5 After the termination of the cooperation,
if Party B meets the service requirements of Party A and does not breach the contract, Party A shall return the remaining deposit to Party
B without interest three months after Party B has submitted a written application.

 

5 Recovery of collection

 

5.1 In the process of transportation and distribution,
Party B will, on behalf of Party A, collect payment for goods (if any), freight (if any) and other payments (hereinafter referred to as
“payment collection”) according to the amount listed in the consignment note. Under no circumstances shall Party B, without
the prior consent of Party A, detain or offset the amount due to Party A by reason of the service fee payable by Party A, or restrict
the remittance of the amount collected by Party B under any other conditions.

 

5.2 In case of any damage or shortage of the products
during delivery, resulting in the change of the payment, Party B shall notify Party A, and Party A shall instruct Party B to deal with
it, but Party B has no right to decide. Party B shall compensate Party A according to the market price of the goods in case of any loss,
shortage, deterioration, pollution, damage, etc. caused by loss, damage, theft, robbery, etc. in the process of loading, unloading and
transportation (except that Party B has recorded abnormal goods in the general loading order when taking delivery of the goods).

 

5.3 Party B shall, in accordance with the return
period and remittance time stipulated in this agreement, unconditionally and timely return the bill and remit the money to Party A, and
deliver the telegraphic transfer documents to Party A’s local logistics department on the day of remittance. Party B shall bear the expenses
of remittance and collection. If Party B has any objection to the amount of collection, it shall remit the money according to the amount
determined by Party A on the date of payment. If there is any discrepancy in the collection amount, it will be adjusted in the next payment
after confirmation by both parties. Please refer to Annex for the return cycle and remittance time of the collected money.

 

5.4 If Party B delays the payment, Party B shall,
in addition to the overdue assessment, pay Party A a overdue fine at the rate of five thousandths of the total amount of overdue payment
for each day of delay. Party A has the right to refuse to pay any fees and deduct the overdue payment and / or overdue fine from the performance
bond. If it is overdue for more than three days, Party A has the right to terminate this contract immediately.

 

6 Fee settlement method and payment terms

 

6.1 Freight standard: the freight standard shall
be implemented according to the latest bidding price of Party A (see Annex for details). In the actual operation process, if the destination
is not in the contract price list, the settlement shall be made at the price closest to the destination in the contract price list; After
the event, the differences shall not settled before both parties signed a supplementary agreement to continuously improve the contract
price list.

 

6.2 Party B shall provide Party A with all the transportation
receipts required for the freight settlement of previous month before the 10th day of each month (Party B shall provide the receipts once
every 10 days, see Annex for details) and the draft statement and other relevant information. Party A shall check the information after
receiving it, and send the final reconciliation sheet to Party B for confirmation by e-mail, paper, etc. If Party B has any objection,
it shall feed back to Party A within 5 days, and the overdue shall be deemed as confirmation; For the objection raised by Party B, Party
B shall submit valid evidence within 5 days. If Party B fails to submit evidence, or Party B fails to submit certificates within the above
time limit, or the evidence submitted by Party B is invalid, Party B’s objection is not tenable;

 

    This contract and its appendices (if any) shall be void of any alteration, deletion or addition except to fill in the necessary subject, person and time of signing of the contract or the existing blank.
 
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6.3 After the reconciliation of both parties, Party
B shall be responsible for submitting the statement confirmed by both parties and stamped with official seal to Party A, and at the same
time, issuing a legal and valid special VAT invoice with the same amount (tax rate of 9.0%) according to the total transportation expenses
confirmed by both parties. After receiving the above information, Party A shall pay the remaining amount to Party B after deducting the
damage, shortage, KPI assessment fees and liquidated damages (if any) within working days after the receipt of the bill is verified. Party
A shall pay Party B by check, bill of exchange, bank acceptance bill or telegraphic transfer. In principle, the amount of bank acceptance
bill shall not exceed 50% of the payment amount. No matter what the reason is, if Party B fails to submit the payment materials as mentioned
above, Party A has the right to postpone the payment without any liability for breach of contract.

 

6.4 if Party B uses Party A’s logistics system,
Party B can directly confirm the freight, KPI assessment, bill and other information in Party A’s logistics system. The information of
Party A’s logistics system confirmed by both parties can also be used as the basis for settlement of both parties.

 

6.5 Party B shall remit the collected money to
Party A in time. If the remittance is not made in time, it shall be deducted from the reconciliation freight.

 

6.6 if Party B fails to claim in writing to Party
A the payment of the expenses, interest during the overdue period and other liquidated damages under this contract within 90 days after
the expenses occur, it shall be deemed that Party B has waived the payment.

 

7 No lien

 

7.1 Party B shall not keep, detain or withhold
the goods, Party A’s receipt and any other property for any reason (including Party A’s failure to pay in time), otherwise Party A shall
have the right to terminate this contract, and Party B shall, in addition to returning the detained property, pay liquidated damages to
Party A at the rate of 30% of the value of the detained goods per day or 100000 yuan per day , whichever is the greater. And Party B shall
bear other indirect losses (including but not limited to the claims of Party A’s customers against Party A).

 

8 Others

 

8.1 The loading capacity of each type of vehicle
shall be provided by Party B and confirmed by Party A as an appendix to the contract. If Party B and Party A’s billing personnel collude
with each other in disassembly and transportation, once it is found that Party B has no right to require Party A to pay the transportation
fee, Party B shall also pay Party A 10% of the total transportation fee incurred before the transportation as compensation.

 

8.2 Party B shall be responsible for the compensation
and take all possible measures to ensure the timely transportation in case of any damage, shortage or delay in transportation caused by
traffic accidents. In case of loss of goods, Party B shall be responsible for compensation. If Party B fails to compensate Party A’s loss
in time, Party A shall have the priority to be compensated by the insurance company.

 

    This contract and its appendices (if any) shall be void of any alteration, deletion or addition except to fill in the necessary subject, person and time of signing of the contract or the existing blank.
 
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8.3 Party B shall compensate Party A for any loss
caused by Party B’s failure to allocate vehicles or deliver goods according to the time and requirements specified in the contract, failure
to arrive at the destination within the specified time, failure to complete the transportation task, and wrong delivery of goods to the
destination or the receiver.

 

8.4 Party B agrees that during the validity of this
contract and within two years after the termination of this contract for any reason, Party B shall not cooperate with Party A’s customers
(the consignor who entrusts Party A to carry any batch of goods under this contract), or it shall be deemed as Party B’s breach of contract,
and Party B shall pay Party A liquidated damages at 100% of the total freight invoice amount during the operation of this contract. In
addition, Party A’s customer’s claim to Party A caused by Party B during the performance of this contract shall be included in Party A’s
loss.

 

8.5 If both parties reach an agreement through negotiation,
Party B may paint “Shengfeng logistics” and other words on the vehicles carrying Party A’s goods agreed by Party A in advance,
and the relevant expenses shall be borne by Party B. Party A reserves the right to request Party B to remove the above words with Party
A’s logo at any time.

 

9 Termination of the Contract

 

9.1 Party A may terminate the Contract under any
of the following circumstances:

 

(1) The goods fail to arrive on schedule or the
goods are lost or damaged for two consecutive or five cumulative times;

 

(2) Fail to complete the transportation task for
two consecutive times;

 

(3) The scenarios in which the Contract may be
terminated as stipulated in other terms hereof.

 

10 General principles

 

10.1 Party B agrees that Party A has the right
to terminate this contract with one month’s notice in advance. The contract shall be terminated when the termination date in Party A’s
notice expires. Party B agrees that Party A only needs to pay the amount up to the termination date of the contract as agreed in the contract,
and Party A will not bear any expenses or losses from the termination date of the contract to the expiration date of the contract.

 

10.2 Confidentiality: unless the information has
been disclosed by a third party other than Party B when receiving the relevant information, the information of Party A that Party B knows
as a result of the performance of this contract shall be regarded as the trade secret of Party A, and Party B has the obligation to keep
the secret for Party A. Party B also agrees that without the prior written permission of Party A, Party B shall not disclose or disclose
the terms, facts and implementation of this contract to any third party, except for the disclosure necessary for performing other obligations
of this contract. Party B’s confidentiality liability mentioned above shall be strict liability and shall not be subject to Party B’s
subjective fault. If Party B breaches the foregoing provisions, it shall pay Party A a penalty of RMB 100,000 for each breach.

 

10.3 Operating integrity: Party B shall always
adhere to the principle of good faith in the operation process, and shall promptly pay off any debts owed by Party B to any third party.
If Party B fails to pay off its debts to a third party in time, resulting in Party A being sued for subrogation by such third party creditors
or required assistance in execution by the People’s Court or any expenses incurred by Party A due to such debts, Party B agrees to pay
a penalty of RMB 50,000 to Party A for each time. At the same time, Party B agrees that the liquidated damages can be directly deducted
from the amount payable to Party B by Party A with the assistance of judicial authorities in execution notice or other materials sufficient
to prove its breach.

 

10.4 Non competition clause: Party B undertakes
not to take any measures to make Party A’s personnel of similar business, including but not limited to directors, managers and staff members,
leave Party A to work or hold a post in Party B or Party B’s affiliated companies during the period of business exchanges between both
parties and within two years after the termination of cooperation. In case of such circumstances, Party B’s breach of contract and infringement
of Party A’s legitimate rights and interests shall be implemented in accordance with the provisions of “integrity clause”.

 

    This contract and its appendices (if any) shall be void of any alteration, deletion or addition except to fill in the necessary subject, person and time of signing of the contract or the existing blank.
 
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10.5 Party B is strictly prohibited from interfering
with Party A’s business order:

 

Whereas Party B: (1) fully
understands that the normal business order is related to the fundamental interests of Party A and its customers; (2) clearly recognizes
that if Party A’s normal business order is obstructed or damaged, Party A will suffer immeasurable huge losses, including but not limited
to Party A’s huge liability for breach of contract to its customers, tort liability to the third party, loss of Party A’s goodwill, etc.;
(3)recognizes that the acts that obstruct or destroy the normal business order of Party A (including but not limited to lien or detaining
Party A’s goods, blocking the door, making trouble on the door and other irrational protection activities in the warehouse and office
of Party A and Party A’s customers) are not only acts of breach of contract, but also acts of infringement, It is also an illegal act
that violates the law of the people’s Republic of China on punishments for public security administration and faces administrative punishment,
and even a criminal act that violates Article 276 of the criminal law; Therefore, Party B hereby expressly agrees and guarantees that:

 

(2) Under no circumstances
shall Party B engage in any behavior that may interfere with or disrupt the normal business order of Party A (including but not limited
to lien or detain Party A’s goods, blocking the door in Party A’s warehouse or office, making trouble at the door and other irrational
protection activities).

 

(3) Under no circumstances
shall Party B take photos or videos of Party A’s work sites; Party A shall not release videos, documents, system screenshots and other
contents of Party A’s workplace through online “We Media”; Shall not criticize Party A’s enterprise, its partners and competitors
in public or on the Internet; Party B shall not release Party A’s trade secrets, negative information, rumors and uncertain information;
Shall not participate in the discussion of controversial topics and events of Party A; Do not get involved in any inter-business disputes.

 

(4) If Party B has any of the
above behaviors that interfere with or disrupt the normal business order of Party A, Party B shall immediately stop at the request of
Party A. Otherwise, Party B agrees to pay Party A a penalty of RMB 50,000 / hour (or Party A directly deducts it from the amount payable
to Party B), and Party A has the right to terminate the Contract and deduct Party B’s performance bond in full. If the liquidated damages
and performance bond are insufficient to cover the losses of Party A, Party A shall have the right to continue to seek compensation from
Party B.

 

(5) Party B shall take effective
measures to promote its stakeholders (including but not limited to Party B’s employees, drivers employed by Party B, Party B’s carriers
and other relevant parties engaged in the transportation business of this contract on behalf of Party B) to have the same understanding
and understanding of this article as Party B, and ensure that the stakeholders undertake the same obligations as Party B. In addition,
if any of the above-mentioned behaviors of the interested parties hinder or damage the normal business order of Party A, it shall be deemed
as Party B’s breach of contract, and Party B shall bear direct or joint liability; In addition, Party A has the right to terminate the
contract and deduct Party B’s performance bond in full. If the liquidated damages and performance bond are insufficient to make up for
Party A’s losses, Party A has the right to continue to recover from Party B.

 

10.6 Limitation of liability: both parties agree
that in case of Party A’s breach of contract, Party A shall compensate Party B for direct losses, but not for Party B’s loss of profits,
other special or indirect or accidental or subsequent losses, and Party A’s liability for compensation in any case is limited to the total
amount of this contract.

 

    This contract and its appendices (if any) shall be void of any alteration, deletion or addition except to fill in the necessary subject, person and time of signing of the contract or the existing blank.
 
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10.7 Agreement on authority: Party B understands
and agrees that the operators of any company, enterprise or organization within Shengfeng Group (including but not limited to Party A
under this contract, hereinafter referred to as “Shengfeng Entities”) who do not hold the valid letter of authorization issued
by “Shengfeng Entities” (stamped with the official seal of “Shengfeng Entities” and signed or sealed by the legal
representative of “Shengfeng Entities”) or the effective conditions specified in the articles of this effective written contract
between the two parties, no business commitment or behavior (including but not limited to issuing business orders, receiving, accepting
or confirming any work results and signing written documents in the name of Shengfeng Entities or in the name of its salesman without
the authorization of Shengfeng Entities) made in oral or written form, can represent Shengfeng Entities and has no right to claim any
rights from “Shengfeng Entities”, Party B agrees that all legal consequences arising therefrom shall be borne by Party B. Party
B shall be responsible for compensation in case of any loss caused to Shengfeng Entities. For Party B’s failure to comply with this article,
 “Shengfeng Entities” have the right to require Party B to pay a penalty of 5% of the amount involved in the breach of contract.
Any written document with the nature of contract between Party B and  “Shengfeng Entities” shall be effective with the official
seal of  “Shengfeng Entities”. This clause shall remain in force at all times.

 

10.8 General liquidated damages: General liquidated
damages: Party B agrees that unless otherwise specified in this contract, Party B shall pay Party A 10% of the total contract amount as
liquidated damages if it violates this contract. If the total amount of this contract cannot be determined, Party B shall pay a penalty
of RMB 10,000 each time.

 

10.9 Right of set off: according to the law or
this contract, the liquidated damages or other payments that Party B should pay to Party A will be regarded as the creditor’s rights that
Party A can claim against Party B. For the realization of the creditor’s rights, both parties agree that Party A can claim to deduct directly
from the payments (if any) that Party A should pay to Party B under this contract or other payments that Party A should pay to Party B
until the set off is completed, Party B agrees to make up for the deficiency.

 

10.10 Headings: The headings under this contract
are for convenience only and have no substantive meaning. The meaning of each article shall be interpreted in accordance with the content
of each article.

 

10.11 Appendix/annex: the parties may add appendix/annex
according to the cooperation requirements. Unless it is expressly agreed by both parties in the appendix/annex, if the appendix/annex
is inconsistent with the provisions of this contract, this contract shall prevail.

 

10.12 Contract as a whole: this contract and its
attachments constitute the entire contract between Party A and Party B on the subject matter of this contract, and replace all previous
or contemporaneous oral or written communication, statements and agreements. The modification and alteration of this contract shall be
stamped with official seal, otherwise it will not be binding on both parties.

 

10.13 Governing law and dispute
resolution:

 

Dispute Resolution: in case of any dispute arising
from the contract or agreement signed between the two parties, or the execution of the signed contract or agreement, or other business,
or other property rights and interests disputes, the two parties shall settle the dispute through negotiation; If the negotiation fails,
both parties agree to submit the case to the people’s Court of the place where the contract is signed for settlement.

 

    This contract and its appendices (if any) shall be void of any alteration, deletion or addition except to fill in the necessary subject, person and time of signing of the contract or the existing blank.
 
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10.14 Effectiveness and validity

 

10.14.1 This Contract shall come into force
after being signed and sealed by both parties. The validity period is from < contract start time > to < contract end time
>. If Party A notifies Party A one month in advance to extend the contract for 1-2 months due to business needs, Party B shall
perform the contract unconditionally. If the business under this Contract has been actually performed before the signing of this
Contract, this Contract shall automatically have retroactive effect. The provisions of confidentiality, non-competition and
authority provisions in these General Rules shall not be invalidated due to the termination of this Contract.

 

10.14.2 If the business relationship between the
two parties is still maintained after the expiration of the validity period agreed in the preceding paragraph of this Contract, the Contract
shall continue to be effective, but the term shall be deemed to be indefinite.

 

It is hereby certified that the above terms and
all attachments (if any) of this Contract are true and free expressions of intention of both parties and shall come into force upon being
signed and sealed by both parties. This Contract is made in triplicate, with Party A holding two copies and Party B holding one copy.

 

This contract is signed by
the following parties.

 

	
    Party A: < Party A’s name >
	
    Party B: < Party B’s name >

	 	 
	Contractor:	Contractor:
	 	 
	Freight Settlement Bank Account:	
    Freight
Settlement Bank Account: 

	 	 
	Collected payment bank account:	Collected payment bank account:
	 	 
	Date:	Date:

 

    This contract and its appendices (if any) shall be void of any alteration, deletion or addition except to fill in the necessary subject, person and time of signing of the contract or the existing blank.
 
[   ]Exhibit 10.14

 

Road
Freight Transportation Cooperation 

Agreement

 

Contract Number: B-WLHY-HY-GL-20200318-0283

 

Party A (shipper) : Shengfeng Logistics Group
Co., Ltd

 

Party B (Carrier) : Hubei Luge Logistics Co.,
Ltd

 

According to
the relevant laws and regulations of the state, through full and friendly negotiation between Party A and Party B, the following agreement
is reached on Party B’s provision of freight transportation services for Party A, so that both parties can abide by it.

 

I. Scope, Content and Method of Cooperation

 

1. Party A entrusts Party B
to carry the road freight transportation business from the departing location designated by Party A to the destination;

 

Name of freight: general freight

 

Route: National

 

2. The specific subject matter
of the consigned goods (product name, category, specification and model, quantity, price, etc.) shall be issued in advance by Party A
on the online system and shall be subject to each transportation order confirmed by both parties.

 

II. Cooperation Mode

 

According to the capabilities
and advantages of both companies, combined with the “Internet + logistics” mode of Luge Internet Logistics Platform, both parties
will cooperate through the combination of online and offline, jointly create a controllable transport capacity ecosystem for both sides,
and realize a low-cost and efficient benign mode of transport.

 

    1

     

    

 

Party A shall give full play
to the convenience of Party A’s offline communication with the participating parties, to be familiar with the site conditions of loading
and unloading, to understand the status and specifications of the goods and other advantages, to be responsible for the collection and
physical audit of offline drivers, vehicles and certificates, and the organization, coordination and review of the site of loading and
unloading, etc..

 

Party B shall give full play
to Party B’s advantages of information technology, standardized operation process and integrity of the vehicle platform, and coordinate
with Party B to take charge of vehicle integration and scheduling management, in-transit transportation management, circulation and review
of business documents, transportation anomaly and risk management, etc.

 

III. Rights and Obligations of Party A

 

1. Party A shall have the right
to request Party B to transport the freight to the destination at the time, place and driving route agreed herein. If Party A needs to
change the place of arrival or the consignee or cancel the consignment after shipment, Party A shall have the right to request Party B
to change the content of the Contract or cancel the Contract. However, Party A shall notify Party B in writing before the goods are delivered
to the destination, and all expenses incurred by Party A’s change of transportation instructions (including but not limited to the consignee
and the place of arrival of the goods) shall be borne by Party A itself.

 

2. Party A shall pack the consigned
goods in accordance with the prescribed standards, comply with the relevant transportation regulations, and deliver the goods in accordance
with the time and quantity stipulated in the contract. Party A shall ensure that the storage yard and unloading work of Party B’s vehicles
are smooth when they arrive at the destination.

 

    2

     

    

 

3. Party A shall be obligated
to pay the freight, miscellaneous fees, etc. to Party B according to the specific transportation service items and contents.

 

4. Party A must strictly require
on-site personnel to audit the actual carrier drivers and vehicles, and must have a detailed understanding of the assigned vehicles and
personnel to ensure the safety of vehicles and goods during transportation. Party B has the right not to assume the risks of the goods
arising therefrom.

 

5. Party A undertakes to load
the goods reasonably and shall not contain prohibited goods, dangerous goods, goods and contraband listed in the national regulations,
and shall not intentionally misreport or conceal the weight, specification and nature of the goods.

 

6. Party A shall have the right
to extract all information on the cooperation information platform of both parties, including but not limited to vehicle information,
business information, operational process node record information and receipt management information.

 

IV. Rights and Obligations of Party B:

 

1. Party B shall deliver the
consigned goods to the designated place within the period specified herein, and shall notify relevant personnel of Party A and arrange
the consignee to receive the goods as required by Party A.

 

2. Party B shall track and
manage the in-transit transportation and timely report the tracking goods in transit to Party A. In case of any abnormality, Party A shall
timely notify the personnel designated by Party A and cooperate with Party A to deal with it.

 

3. Party B has the right to
collect freight, miscellaneous fees and other relevant fees from Party A. If Party B fails to contact the consignee or the consignee refuses
to take delivery of the goods, Party B shall timely notify Party A and wait for Party A’s instruction before processing. At the same time,
Party B shall be responsible for keeping the goods to avoid any loss or loss of the goods. The storage expenses and all other expenses
(including transportation expenses, etc.) arising therefrom shall be borne by Party A. Party B shall not dispose of the goods without
authorization.

 

    3

     

    

 

V. Freight Risks:

 

In case of loss during the
transportation of the goods, both parties shall actively communicate and cooperate with each other upon receiving the feedback, and promptly
handle the abnormality. As for the compensation for loss of the goods, both parties agree to proceed according to Method II as
follows.

 

☐ Method 1.
Insured transportation: For the freight entrusted by Party A to be carried by Party B, Party A shall specify the value of the
freight when placing an order in the system, and Party B shall calculate the insured price according to the insurance rate______
agreed by both parties, increase the freight accordingly, and insure the freight on the platform. Party B shall be liable for
compensation arising from damage or loss of the goods in the course of transportation. The amount of compensation shall be the lower
of the value of the goods defined by the system at the time of placing the order, and the sales value of the goods or the value of
the goods determined by Party A’s customer.

 

☐ Method II. General
transportation: Party A shall purchase insurance on its own for the goods to be shipped by Party B as entrusted by Party A. The risks
and losses arising from damage or loss of the goods in the course of transportation shall mainly be settled by Party A to the insurance
company, and the limitation for Party B to bear and pay the related losses shall be limited to the freight collected by Party B for such
transportation.

 

VI. Freight settlement and invoice issuance:

 

1. Transportation fee collection:
Party B shall charge Party A a transparent cost and profit for each freight, that is, Party B shall make clear to Party A the freight
paid to the actual transport vehicle for each waybill, and 4.9% of the total freight charged to Party A for such waybill shall be Party
B’s gross profit rate. The remaining part shall be settled online and transferred to the actual vehicles to be shipped, and the payment
record shall be transparent to Party A. If Party A chooses insured transportation, the final freight shall be increased according to the
actual insured cost of the goods, and the specific freight for each bill shall be subject to the system waybill.

 

    4

     

    

 

2. Account reconciliation:
After the delivery of orders in the system is completed, both parties shall take the valid electronic documents uploaded by the driver
on the platform (including the delivery bill, receipt, etc.) as the audit basis, and conduct freight verification and account reconciliation
in the system based on the waybill.

 

3. Settlement period: The settlement
method and period of each order shall be subject to the specific transportation contract or receipt signed by both parties through consultation
with the actual carrier vehicle.

 

4. Settlement method:

 

Both parties agree that Party
A shall, after verifying the receipt of the goods on the waybill, pay the freight payable to Party B to the account designated by Party
B, and then trigger an instruction to Party B that the waybill can be settled in the system. Upon receipt of the instruction, Party B’s
system will automatically pay the freight payable to the carrier vehicle.

 

In order to obtain high service
quality and long-term cooperation, both parties shall ensure the timeliness and integrity of the freight paid to the driver. Both parties
agree that the process of freight payment from Party A to Party B and then to the actual carrying vehicle shall be carried out in the
following methods: 1 and/or 2.

 

☐ Method 1: Party
A shall first pay the freight bill to the system account designated by Party B. The designated freight settlement accounts of Party
B are shown in the attached list. Then trigger the settlement instruction of the waybill in the system, and let Party B pay the
freight due to the driver to the driver’s account.

 

☐ Method II: Party
B introduces the financial institutions cooperating with Party B to provide financial factoring services for Party A. within the
credit line of the financial institutions, Party A may not pay the freight to Party B in advance, but directly trigger the waybill
settlement instruction in the system, and the credit granting financial institutions shall pay the funds payable to Party B to the
system account designated by Party B in advance, Party B’s system will automatically pay the driver the freight payable. Party
A shall pay the freight paid by the financial institution to Party B before the advance payment of the financial institution is due,
and trigger the repayment instruction in the system, and Party B’s system will automatically transfer the funds to the
corresponding financial institution.

 

    5

     

    

 

If both parties agree to adopt
mode 2, the interest to be collected by the fund side shall be borne by Party A and collected and paid by Party B. Specifically, the platform
financial factoring service agreement signed separately by the financial institution and Party A shall prevail.

 

5. Invoicing: Party B shall
issue value-added tax invoices for the total freight paid by Party A to Party B, and the invoices shall be issued to the corresponding
subsidiary companies of Party A.

 

VII. Terms of Use of Platform System:

 

Both parties agree that Party
A shall use the “Luge Guanchebao” system of Party B’s parent company (Hefei Weitian Yuntong Information Technology Co., Ltd.)
to conduct business interaction with Party B. The agreement of using the system shall be separately signed by Party A and Hefei Weitian
Yuntong Information Technology Co., Ltd.

 

VIII. The agreement of using the platform:

 

1. Neither party shall be held
liable for the breach of contract caused by national policies, natural disasters and other force majeure factors.

 

2. The freight increase caused
by force majeure, such as the state’s regulation of the three excesses, bridge and tunnel policies, highway fees, traffic control of routes,
height limit, changes in driving routes, fuel charges, and changes in national policies, shall be negotiated by the two parties on a certain
extent.

 

3. If either party changes
its business operation mode, the parties shall negotiate actively to sign a new contract or supplementary agreement according to the new
mode; If no agreement can be reached through negotiation, this contract shall be terminated and neither party shall bear the liability
for breach of contract.

 

    6

     

    

 

4. Any dispute arising from
the execution of this Contract shall be settled by both parties through negotiation. If the negotiation is invalid, either party may file
a lawsuit with the people’s court of the place where either party is located.

 

5. In view of the importance
attached to the contract and the requirements of management, Party A and Party B agree to create an electronic contract of goods transportation
before the 5th day of the following month based on the actual transportation amount and volume of the last month, as an indispensable
appendix of this cooperation agreement. Party A and Party B both acknowledge this Contract (no matter whether signed or sealed by both
parties)

 

IX. Confidentiality:

 

Both parties undertake to keep
confidential of the documents, data and information (including trade secrets, purchase and sales channels, sales prices, transportation
routes, vehicle sources, operation activities and other information) of the other party that are obtained from the other party during
the discussion, signing and execution of this Agreement and cannot be obtained through public channels. Without the consent of the data
provider, the other party shall not disclose all or part of the trade secret to a third party. The breaching party shall indemnify the
other party in full for all losses caused thereby, including actual losses already incurred and expected loss.

 

X. Term

 

This Agreement shall come into
force upon signed and sealed by both parties. The Agreement shall be valid from July 1, 2019 to December 31, 2020.

 

This agreement is made in four
originals, with two held by each party.

 

Party A: Shengfeng Logistics Group Co. Ltd

 

Signature of authorized representative:

 

Date: June 30, 2019

 

Party B: Hubei Luge Logistics Co. Ltd

 

Signature of authorized representative:

 

Date: June 30, 2019

 

    7

     

    

 

Attachment: List of Affiliates of Party A and
Party B

 

	Company Name	Billing entity	Freight account	Account name	Bank Account
	Shengfeng Supply Chain Management Co., Ltd. -- Zhonglian Jianqi	Shengfeng Supply Chain Management Co., Ltd	*************	*************	*************
	Shing Fung Logistics Group Limited - Postal Division	Shengfeng Supply Chain Management Co., Ltd	*************	*************	*************
	Sichuan shengfeng logistics co. LTD	Sichuan shengfeng logistics co. LTD	*************	*************	*************
	Guangdong Shengfeng Logistics Co., Ltd. - Supply Chain Business Division	Guangdong shengfeng logistics co., LTD	*************	*************	*************
	Diaobingshan Hengde Logistics Co., Ltd	Diaobingshan hengde logistics co. LTD	*************	*************	*************
	Fujian Shengfeng Logistics Group Co., Ltd. - Vehicle Business Department	Fujian Shengfeng Logistics Group Co. Ltd	*************	*************	*************
	Beijing Shengfeng Supply Chain Management Co. Ltd	Beijing Shengfeng Supply Chain Management Co. Ltd	*************	*************	*************
	Shengfeng Logistics (Guizhou) Co. Ltd	Shengfeng Logistics (Guizhou) Co. Ltd	*************	*************	*************
	Fuqing Shengfeng Logistics Co. Ltd	Fuqing Shengfeng Logistics Co. Ltd	*************	*************	*************
	Shengfeng Logistics Hebei Co., Ltd. Handan Business Department	Shengfeng Logistics Hebei Co. Ltd	*************	*************	*************
	Suzhou Shengfeng Logistics Co., Ltd. Changzhou Branch	Suzhou shengfeng logistics co. LTD	*************	*************	*************
	Suzhou Shengfeng Logistics Co., Ltd. Wuxi Branch	Suzhou shengfeng logistics co. LTD	*************	*************	*************
	Fujian Shengfeng Logistics Group Ningde Branch	Shengfeng Logistics Group Co. Ltd	*************	*************	*************
	Shanghai Shengxu Jiading Business Department	Shanghai Shengxu Logistics Co., Ltd	*************	*************	*************
	Guangdong Shengfeng Logistics Co., Ltd. Shenzhen Heyuan Branch	Guangdong Shengfeng Logistics Co., Ltd. Shenzhen Branch	*************	*************	*************
	Shengfeng Logistics (Liaoning) Co., Ltd. Harbin Branch	Shengfeng Logistics (Liaoning) Co. Ltd	*************	*************	*************

 

    8

     

    

 

	Shengfeng Logistics (Liaoning) Co., Ltd. Changchun Branch	Shengfeng Logistics (Liaoning) Co. Ltd	*************	*************	*************
	Beijing Shengfeng Supply Chain Management Co., Ltd. -- Hohhot	Beijing Shengfeng Supply Chain Management Co. Ltd	*************	*************	*************
	Shengfeng Supply Chain Management Co., Ltd	Shengfeng Supply Chain Management Co., Ltd	*************	*************	*************
	Hubei Shengfeng Logistics Co., Ltd. Nanchang Branch	Hubei Shengfeng Logistics Co., Ltd. Nanchang Branch	*************	*************	*************
	Hangzhou shengfeng logistics co., LTD. Ningbo branch	Hangzhou shengfeng logistics co., LTD. Ningbo branch	*************	*************	*************
	Fujian Shengfeng Logistics Group Gushan Branch	Shengfeng Logistics Group Co. Ltd	*************	*************	*************
	Nanjing Shengfeng Logistics Co., Ltd. Hefei Branch	Nanjing Shengfeng Logistics Co., Ltd. Hefei Branch	*************	*************	*************
	Guangdong Shengfeng Logistics Co., Ltd. Shantou Branch	Guangdong Shengfeng Logistics Co., Ltd. Shantou Branch	*************	*************	*************
	Hubei Shengfeng Logistics Co., Ltd. Changsha Branch	Hubei Shengfeng Logistics Co., Ltd. Changsha Branch	*************	*************	*************
	Shengfeng Logistics Hebei Co. Ltd	Shengfeng Logistics Hebei Co. Ltd	*************	*************	*************
	Longyan Branch of Xiamen Shengfeng Logistics Co., Ltd	Xiamen shengfeng logistics co., LTD	*************	*************	*************
	Shengfeng Logistics (Shandong) Co., Ltd. Qingdao Branch	Shengfeng Logistics (Shandong) Co., Ltd. Qingdao Branch	*************	*************	*************
	Shengfeng Logistics (Guangxi) Co. Ltd	Shengfeng Logistics (Guangxi) Co. Ltd	*************	*************	*************
	Shengfeng Logistics (Yunnan) Co. Ltd	Shengfeng Logistics (Guangxi) Co. Ltd	*************	*************	*************
	Shengfeng Logistics (Liaoning) Co. Ltd	Shengfeng Logistics (Liaoning) Co. Ltd	*************	*************	*************
	Shengfeng Logistics (Tianjin) Co., Ltd	Shengfeng Logistics (Tianjin) Co., Ltd	*************	*************	*************
	Shengfeng Logistics (Henan) Co. Ltd	Shengfeng Logistics (Henan) Co. Ltd	*************	*************	*************
	Beijing Shengfeng Supply Chain Management Co. Ltd	Beijing Shengfeng Supply Chain Management Co. Ltd	*************	*************	*************

 

    9

     

    

 

	Guangdong Shengfeng Logistics Co., Ltd. Dongguan Branch	Guangdong Shengfeng Logistics Co., Ltd. Dongguan Branch	*************	*************	*************
	Guangdong shengfeng logistics co., LTD. Zhongshan branch	Guangdong shengfeng logistics co., LTD. Zhongshan branch	*************	*************	*************
	Guangdong Shengfeng Logistics Co., Ltd. Shenzhen Branch	Guangdong Shengfeng Logistics Co., Ltd. Shenzhen Branch	*************	*************	*************
	Guangdong shengfeng logistics co., LTD	Guangdong shengfeng logistics co., LTD	*************	*************	*************
	Hubei shengfeng logistics co. LTD	Hubei shengfeng logistics co. LTD	*************	*************	*************
	Hubei Shengfeng Logistics Co., Ltd. Chongqing Branch	Hubei Shengfeng Logistics Co., Ltd. Chongqing Branch	*************	*************	*************
	Shengfeng Logistics (Shandong) Co. Ltd	Shengfeng Logistics (Shandong) Co. Ltd	*************	*************	*************
	Fujian Shengfeng Logistics Group Changle Branch	Shengfeng Logistics Group Co. Ltd	*************	*************	*************
	Suzhou shengfeng logistics co. LTD	Suzhou shengfeng logistics co. LTD	*************	*************	*************
	Hangzhou shengfeng logistics co. LTD	Hangzhou shengfeng logistics co. LTD	*************	*************	*************
	Nanjing shengfeng logistics co., LTD	Nanjing shengfeng logistics co., LTD	*************	*************	*************
	Shanghai Shengxu Logistics Co., Ltd	Shanghai Shengxu Logistics Co., Ltd	*************	*************	*************
	Fujian Shengfeng Logistics Group Co. Ltd	Shengfeng Logistics Group Co. Ltd	*************	*************	*************
	Shengfeng Logistics Group Co., Ltd. Putian Branch	Shengfeng Logistics Group Co., Ltd. Putian Branch	*************	*************	*************
	Xiamen Shengfeng Logistics Co., Ltd. Zhangzhou Branch	Xiamen Shengfeng Logistics Co., Ltd. Zhangzhou Branch	*************	*************	*************
	Xiamen shengfeng logistics co., LTD	Xiamen shengfeng logistics co., LTD	*************	*************	*************
	Xiamen Shengfeng Logistics Co., Ltd. Quanzhou Branch	Xiamen Shengfeng Logistics Co., Ltd. Quanzhou Branch	*************	*************	*************

 

    10

     

    

 

	Hubei Shengfeng Logistics Co., Ltd. Xi ‘an Branch	Hubei Shengfeng Logistics Co., Ltd. Xi ‘an Branch	*************	*************	*************
	Hangzhou shengfeng logistics co., LTD. Wenzhou branch	Hangzhou shengfeng logistics co. LTD	*************	*************	*************
	Hubei Shengfeng Logistics Co., Ltd. Chengdu Branch	Hubei Shengfeng Logistics Co., Ltd. Chengdu Branch	*************	*************	*************
	Shengfeng Logistics Group Co., Ltd. - East China Supply Chain Business Division	Shengfeng Logistics Group Co. Ltd	*************	*************	*************
	Shing Fung Logistics Group Co. Ltd. - Shenmu Project	Shengfeng Logistics Group Co. Ltd	*************	*************	*************
	Guangdong shengfeng logistics co., LTD	Guangdong shengfeng logistics co., LTD	*************	*************	*************
	Shengfeng Supply Chain Management Co., Ltd. Master Kong Project	Shengfeng Supply Chain Management Co., Ltd	*************	*************	*************
	Shanghai Shengxu Logistics Co., Ltd. Longji Project Department	Shanghai Shengxu Logistics Co., Ltd	*************	*************	*************
	Shanghai Xinshengxu Supply Chain Management Co., Ltd	Shanghai Xinshengxu Supply Chain Management Co., Ltd	*************	*************	*************

 

 

11

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