Document:

Exhibit 10.7

 

Voting Rights Proxy and Financial Supporting Agreement

 

This Voting Rights Proxy and Financial
Supporting Agreement (the “Agreement”) is made in Chongqing on ______, 2017 among the following parties:

 

	PartyA: —	(hereinafter "Entrusting Party ")
	ID No.: —	 

 

	Party B:	Chongqing Jinghuangtai Enterprise Management and Consulting Co., Ltd.
	Address: 	2-18-1,No.55 Chongqing Village, Yuzhong District, Chongqing, China
	 	 
	Party C:	Chongqing Penglin Food Co., Ltd.
	Address: 	No.128 Xinyuan Road,Zhenxi Town, Fuling District, Chongqing, China

  

(In this Agreement, each of Party A, Party
B and Party C shall be referred to as a "Party" respectively, and they shall be collectively referred to as the “Parties”.)

 

Whereas:

 

		1.	The Entrusting Party, the
shareholders of Party C, collectively own ___% of the equity interest in Party C in record.

 

		2.	The Entrusting Party is
willing to unconditionally entrust Party B or Party B’s designee to vote on his or her behalf at the shareholders’
meeting of Party C, and Party B is willing to accept such proxy on behalf of Entrusting Party.

 

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Voting Rights Proxy and Financial Supporting Agreement

     

    

 

Therefore, the Parties hereby agree as
follows:

  

ARTICLE 1 Proxy of Voting Rights

 

		1.1	Entrusting Party hereby
irrevocably covenants that, he/she shall execute the Power of Attorney (“POA”) set forth in Exhibit A upon signing
this Agreement and entrust Party B or Party B’s designee (“Designee”) to exercise all his or her rights as the
shareholders of Party C under the Articles of Association of Party C, including without limitation to:

 

		(1)	propose to hold a shareholders'
meeting in accordance with the Articles of Association of Party C and attend shareholders' meetings of Party C as the agent and
attorney of Entrusting Party;

 

	 	(2)	exercise all shareholder's voting rights with respect to all matters to be discussed and voted in the shareholders’ meeting of Party C, including but not limited to designate and appoint the director, the chief executive officer and other senior management members of Party C;

 

	 	(3)	exercise other voting rights the shareholders are entitled to under the laws of China promulgated from time to time; and

 

	 	(4)	exercise other voting rights the shareholders are entitled to under the Articles of Association of Party C amended from time to time;

 

Party B hereby agrees to accept
such proxy as set forth in Clause 1.1. Upon receipt of the written notice of change of Designee from Party B, the Entrusting Party
shall immediately entrust such person to exercise the rights set forth in Clause 1.1. Except the aforesaid situation, the proxy
shall be irrevocable and continuously valid.

 

		1.2	The Entrusting Party hereby
acknowledges and ratify all the actions associated with the proxy conducted by the Designee.

 

		1.3	The Parties hereby confirm
that, Designee is entitled to exercise all proxy rights without the consent of Entrusting Party.

 

ARTICLE 2 Rights to Information

 

		2.1	For the purpose of this
Agreement, the Designee is entitled to request relevant information of Party C and inspect the materials of Party C. Party C shall
provide appropriate assistance to the Designee for his/her work.

 

		2.2	The Entrusting Party and
Party C shall immediately inform Party B once the proxy matter happens.

 

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ARTICLE 3 Performance of Proxy Rights

 

		3.1	The Entrusting Party shall
provide appropriate assistance to the Designee for the performance of proxy rights provided in this Agreement, including signing
and executing the shareholders’ resolution and other relevant legal documents (if applicable) which have been confirmed
by the Designee.

 

		3.2	In the event that one or
several of the provisions of this Agreement are found to be invalid, illegal or unenforceable in any aspect in accordance with
any laws or regulations, the validity, legality or enforceability of the remaining provisions of this Agreement shall not be affected
or compromised in any aspect. The Parties shall strive in good faith to replace such invalid, illegal or unenforceable provisions
with effective provisions that accomplish to the greatest extent permitted by law and the intentions of the Parties, and the economic
effect of such effective provisions shall be as close as possible to the economic effect of those invalid, illegal or unenforceable
provisions.

 

ARTICLE 4 Financial Supporting 

 

In consideration of the foregoing
grant of voting rights by the Entrusting Party, Party B agrees to arrange for funds to be provided as necessary to Party C in connection
with the business (the “Financial Support”). Party B further agrees that should the business fails in the ordinary
course of business, and as a result Party C is unable to repay the Financial Support, the Party C shall have no repayment obligation.

  

ARTICLE 5 Representations and Warranties

 

		5.1	The Entrusting Party hereby
represents and warrants to Party B as follows:

 

		5.1.1	The Entrusting Party
has full power and legal right to enter into this Agreement and perform his or her obligations under this Agreement and in executing
the POA; This Agreement and the POA constitute legal, valid, binding and enforceable obligation of each Entrusting Party.

 

	 	5.1.2	Each Entrusting Party has necessary authorization for the execution and delivery of this Agreement, and the execution, delivery and performance of this Agreement will not conflict with or violate any and all constitutional documents of Party C.

 

		5.1.3	Each Entrusting Party
is the lawfully registered and beneficial owner of the shares of Party C, and none of the shares held by the Entrusting Party
is subject to any encumbrance or other restrictions, except as otherwise provided under the Equity Pledge Agreement and Equity
Option Agreement entered into by and between Party B, Party C and the Entrusting Party. According to this Agreement, the Designee
has full power and legal rights to exercise the proxy rights according to the Articles of Association of Party C.

 

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		5.2	Party C hereby represents
and warrants as follows:

 

		5.2.1	Party C is a company
legally registered and validly existing in accordance with the laws of China and has independent legal person status, and has
full and independent civil and legal capacity to execute, deliver and perform this Agreement. It can sue and be sued as a separate
entity;

 

		5.2.2	Party C has taken all
necessary corporate actions, obtained all necessary authorization and the consent and approval from third parties and government
agencies (if any) for the execution and performance of this Agreement. Party C’s execution and performance of this Agreement
do not violate any explicit requirements under any law or regulation binding on Party C.

 

		5.2.3	Each Entrusting Party
is the lawfully registered and beneficial owner of the shares of Party C, and none of the shares held by the Entrusting Party
is subject to any encumbrance or other restrictions, except as otherwise provided under the Equity Pledge Agreement and Equity
Option Agreement entered into by and between Party B, Party C and the Entrusting Party. According to this Agreement, the Designee
has full power and legal rights to exercise the proxy rights according to the Articles of Association of Party C.

 

ARTICLE 6 Term of this Agreement

 

		6.1	This Agreement shall become
effective upon the date hereof with a term of thirty (30) years. The Parties agree that, this Agreement can be extended only if
Party B gives its written consent of the extension of this Agreement before the expiration of this Agreement and the other Parties
shall agree with this extension without reserve.

 

		6.2	If the Entrusting Party
has transferred all his or her equity interests in Party C subject to the prior consent of Party B, the obligations and warranties
under this Agreement of the Entrusting Party shall be undertaken by the assignee.

 

ARTICLE 7 Notices

 

		7.1	All notices and other communications
required or permitted to be given pursuant to this Agreement shall be delivered in written.

 

		7.2	Notices given by personal
delivery, by courier service or by registered mail, postage prepaid, shall be deemed effectively given on the date of acceptance
or refusal at the address specified for notices. Notices given by facsimile transmission shall be deemed effectively given on
the date of successful transmission (as evidenced by an automatically generated confirmation of transmission).

 

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ARTICLE 8 Confidentiality 

 

		8.1	The Parties acknowledge
that the existence and the terms of this Agreement and any oral or written information exchanged between the Parties in connection
with the preparation and performance this Agreement are regarded as confidential information. Each Party shall maintain confidentiality
of all such confidential information, and without obtaining the written consent of the other Party, it shall not disclose any
relevant confidential information to any third parties, except for the information that: (a) is or will be in the public domain
(other than through the receiving Party’s unauthorized disclosure); (b) is under the obligation to be disclosed pursuant
to the applicable laws or regulations, rules of any stock exchange, or orders of the court or other government authorities; or
(c) is required to be disclosed by any Party to its shareholders, investors, legal counsels or financial advisors regarding the
transaction contemplated hereunder, provided that such shareholders, investors, legal counsels or financial advisors shall be
bound by the confidentiality obligations similar to those set forth in this Section. Disclosure of any confidential information
by the staff members or agencies hired by any Party shall be deemed disclosure of such confidential information by such Party,
which Party shall be held liable for breach of this Agreement. This Section shall survive the termination of this Agreement for
any reason.

 

ARTICLE 9 Liability for Breach of Agreement

 

		9.1	The Parties agree and confirm
that, if either Party is in breach of any provisions herein or fails to perform its obligations hereunder, such breach or failure
shall constitute a default under this Agreement, which shall entitle the non-defaulting Party to request the defaulting Party
to rectify or remedy such default with a reasonable period of time. If the defaulting Party fails to rectify or remedy such default
within the reasonable period of time or within 10 days of non-defaulting Party’s written notice requesting for such rectification
or remedy, then the non-defaulting Party shall be entitled to elect the following remedial actions:

 

		9.1.1	If the defaulting Party
is any Entrusting Party or Party C, then Party B has the right to terminate this Agreement and request the defaulting Party to
fully compensate its losses and damages;

 

		9.1.2	If the defaulting Party
is Party B, then the non-defaulting Party has the right to request the defaulting Party to fully compensate its losses and damages,
but in no circumstance shall the non-defaulting Party early terminate this Agreement unless the applicable law provides otherwise.

 

		9.2	Notwithstanding otherwise
provided under this Agreement, the validity of this Section shall not be affect by the suspension or termination of this Agreement.

 

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ARTICLE 10 Miscellaneous

 

		10.1	This Agreement shall be
signed in Chinese and English language bearing the same legal effect. In the event of any inconsistency between the Chinese and
English language, the Chinese version of this Agreement shall prevail. This Agreement shall have three counterparts, with each
party holding one original. All counterparts shall be given the same legal effect.

 

		10.2	The execution, effectiveness,
interpretation, performance, amendment, termination and dispute resolution shall be governed by the law of the People’s
Republic of China.

 

		10.3	In the event of any dispute
with respect to this Agreement, the Parties shall first resolve the dispute through friendly negotiations. In the event the Parties
fail to reach an agreement on the dispute, either Party may submit the relevant dispute to the Southwest Commission of China International
Economic and Trade Arbitration Commission for arbitration, in accordance with its Arbitration Rules. The arbitration shall be
conducted in Chongqing. The arbitration award shall be final and binding on all Parties.

 

		10.4	The rights and remedies
provided for in this Agreement shall be accumulative and shall not affect any other rights and remedies stipulated at law.

 

		10.5	Any Party may waive the
terms and conditions of this Agreement, provided that such a waiver must be provided in writing and shall require the signatures
of the Parties. No waiver by any Party in certain circumstances with respect to a breach by other Parties shall operate as a waiver
by such a Party with respect to any similar breach in other circumstances.

 

		10.6	The headings of this Agreement
are for convenience only, and shall not be used to interpret, explain or otherwise affect the meanings of the provisions of this
Agreement.

 

		10.7	Any amendment, change and
supplement to this Agreement shall require the execution of a written agreement by all of the Parties.

 

		10.8	Without Party B's prior
written consent, other Parties shall not assign its rights and obligations under this Agreement to any third party. Entrusting
Party and Party C agrees that Party B may assign its obligations and rights under this Agreement to any third party upon a prior
written notice to Entrusting Party and Party C.

 

		10.9	This Agreement shall be
binding on the legal successors of the Parties.

 

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Voting Rights Proxy and Financial Supporting Agreement

     

    

 

[THE SIGNATURE PAGE]

 

IN WITNESS WHEREOF, the Parties have caused
their authorized representatives to execute this Agreement as of the date first above written.

 

	Party A:	—
	 	 
	By:	 	 
	 	 
	Party B:	Chongqing Jinghuangtai Enterprise Management and Consulting Co., Ltd.
	 	 
	By:	 	 
	Name:	 
	Title: 	 
	 	 
	Party C:	Chongqing Penglin Food Co., Ltd.
	 	 
	By:	 	 
	Name:	 
	Title:	 

 

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Voting Rights Proxy and Financial Supporting Agreement

     

    

 

Exhibit A

 

Power of Attorney 

 

I,
 —, a Chinese citizen with Chinese Identification Card No.: —, and a holder of ___% of the entire registered capital
in Chongqing Penglin Food Co., Ltd. ("My Shareholding"), hereby irrevocably authorize Chongqing Jinghuangtai Enterprise
Management and Consulting Co., Ltd. (“Designee”) to exercise the following rights relating to My Shareholding during
the term of this Power of Attorney:

 

The
Designee is hereby authorized to act on behalf of myself as my exclusive agent and attorney with respect to all matters concerning
My Shareholding, including without limitation to: 1) attend shareholders' meetings of Chongqing Penglin Food Co., Ltd.; 2) exercise
all the shareholder's rights and shareholder's voting rights I am entitled to under the laws of China and Articles of Association
of Chongqing Penglin Food Co., Ltd., including but not limited to the sale or transfer or pledge or disposition of My Shareholding
in part or in whole; and 3) designate and appoint on behalf of myself the legal representative (chairperson), the director, the
supervisor, the chief executive officer and other senior management members of Chongqing Penglin Food Co., Ltd..

 

Without limiting
the generality of the powers granted hereunder, the Designee shall have the power and authority under this Power of Attorney to
execute the Transfer Contracts stipulated in Share Disposal Agreement, to which I am required to be a party, on behalf of myself,
and to effect the terms of the Equity Pledge Agreement and Equity Option Agreement, both dated the date hereof, to which I am
a party.

 

All the actions associated
with My Shareholding conducted by the Designee shall be deemed as my own actions, and all the documents related to My Shareholding
executed by the Designee shall be deemed to be executed by me. I hereby acknowledge and ratify those actions and/or documents by
the Designee.

 

Unless Chongqing Jinghuangtai
Enterprise Management and Consulting Co., Ltd. issues an instruction to me to change the Designee, this Power of Attorney is coupled
with an interest and shall be irrevocable and continuously valid from the date of execution of this Power of Attorney, so long
as I am a shareholder of Chongqing Penglin Food Co., Ltd..

 

During the term of this
Power of Attorney, I hereby waive all the rights associated with My Shareholding, which have been authorized to the Designee through
this Power of Attorney, and shall not exercise such rights by myself.

 

This
Power of Attorney is written in Chinese and English; in case there is any conflict between the Chinese version and the English
version, the Chinese version shall prevail.

 

	 	 
	 	 
	 	 
	 	By:	 
	 	Name:  	 
	 	______, 2017
	 	 

 

	 	 	 
	Witness:  	 	 
	Name: 	 	 
	______, 2017	 

 

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Voting Rights Proxy and Financial Supporting AgreementExhibit 10.23

 

Credit Contract

 

(Contract No. :  [2016-0170])

 

Borrower: Chongqing Penglin
Food Co. Ltd.

Address: 128 Xinyuan Road, Zhenxi Town,
Beiling District, Chongqing City

Legal representative: Zeshu Dai

 

Lender: Chongqing Dadukou Village
 & Township Bank

 

I.Loan

		1.	Type: Liquid capital loan

 

		2.	Purpose: working capital

 

		3.	Currency: RMB.

 

		4.	Amount: ¥6,500,000

 

		5.	Term: long term

 

		6.	Period: 2 years, from June 15, 2016 to June 14, 2018

 

II. Loan interest rate, interest calculation
and interest settlement

		1.	Loan interest rate: Fixed rate, Annual interest rate is 9%.

 

		2.	Penalty interest rate:

If Borrower does not repay the
loan on time, Penalty interest rate is the loan interest plus 30bp.

If the loan is used in violation
of the purpose of this contract, the penalty interest will be increased 50bp of
the loan interest under this contract.

 

3. Loan interest shall be settled
monthly on the 20th day of each month.

 

	 	III.	Guarantee:

 

	 	1.	The guarantee type for performance of this contract is guarantee and pledge.

 

	Name of Guarantor and Pledge 	 	Contract No.	 	Guarantee Type
	
        Chongqing Penglin food Co. Ltd.

        Chongqing Guang’an Yongpeng food
        Co. Ltd.

        Chongqing Mingwen food Co. Ltd.
	 	
        AA20-02.06d

        AA20-02.06b

        AA20-02.06c
	 	
        Guarantee

        Guarantee

        Guarantee

	Mingwen Wang	 	AA20-02.06a	 	Guarantee
	Zeshu Dai	 	AA20-02.06a	 	Guarantee
	Penglin Wang	 	AA20-02.06a	 	Guarantee
	Yong Wang	 	AA20-02.06a	 	Guarantee

 

 

     

     

    

 

	 	IV.	Repayment of Loan Principal

		1.	Loan shall be settled monthly on the 20th day of each month.

 

	V.	Miscellaneous:

		1.	If Party A doesn’t perform or doesn’t fully perform its contractual obligations, it
is willing to accept enforcement based on the law.

		2.	Any agreement on the amount of credit doesn’t mean lender must give the amount to the borrower.
The lender has the right to adjust the amount and the borrower irrevocably agrees and confirms.

		3.	This contract comes into effect upon execution by legal representative of each party and stamped
by both parties.

 

Lender: /s/ Chongqing Dadukou
Village & Township Bank

 

Borrower: /s/ Chongqing
Penglin Food Co. Ltd.

 

Execution date: June 14, 2016

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