Document:

Exhibit 10.11

 

COMPANY GUARANTEE AGREEMENT

 

The undersigned Focus Universal, Inc., a Nevada corporation("GUARANTOR")
agrees with GOLDEN SUNRISE INVESTMENT LLC ("LENDER") as follows:

 

1.          GUARANTOR desires to have LENDER loan the
sum of two hundred fifty thousand dollars ($1,500,000.00) to Focus Universal, Inc., a Nevada corporation, a company in which GUARANTOR
has the majority ownership interest ("BORROWER"). LENDER has advised GUARANTOR that LENDER will not make such loan and
will not enter into that certain Loan Agreement ("Loan Agreement") and Promissory Note Secured by Deed of Trust ("Note")
with BORROWER, without GUARANTOR personally guaranteeing by this Agreement all sums owed to LENDER by BORROWER and all other obligations
in the Loan Agreement and Note (the "Guaranteed Sums"). The Guaranteed Sums include all amounts now or hereafter due
and owing by BORROWER to LENDER, and all advances, debts, obligations and liabilities of BORROWER, whether presently existing or
hereafter arising, whether voluntary or involuntary, absolute or contingent, and whether or not unenforceable against BORROWER,
together with any and all losses, damages, reasonable costs, reasonable attorneys' fees, and reasonable expenses suffered by LENDER
by reason of BORROWER's default in payment of any of the foregoing indebtedness or the enforcement of this Guarantee; and, any
renewal, extension or rearrangement of the indebtedness, costs, or expenses described hereinabove. Without limiting the foregoing,
the Guaranteed Sums shall include the payment of the Note, and the performance of all obligations contained in the Guaranteed Sums.
Further, the term Guaranteed Sums shall include, without limitation, interest, reasonable attorney's fees and other charges on
any debt or obligation of the BORROWER accruing after the filing of a petition under any chapter of the Federal Bankruptcy Code
by or against the BORROWER, and any loans or other credit extended to the BORROWER after the filing of any such petition, notwithstanding
the release of the BORROWER from the performance or observance of any of its agreements, covenants or obligations by operation
of law.

 

2.          In consideration of LENDER making
the loan credit to BORROWER, the receipt and sufficiency and adequacy of which are hereby acknowledge, Guarantor hereby absolutely
and unconditionally guarantees to Lender the prompt payment and performance of the BORROWER under the Guaranteed Sums as and when
the same shall be due and payable, whether by lapse of time, by acceleration of maturity or otherwise, and at all times thereafter,
including payment of the Note, and the performance of all obligations contained in the Guaranteed Sums.

 

3.          This Guarantee shall be an absolute and
continuing guarantee, until payment in full of the Guaranteed Sums, and is a guarantee of payment and performance and not merely
of collection. Upon the full repayment of the Guaranteed Sums, this Guarantee shall automatically be null and void and, upon the
request of BORROWER, LENDER shall deliver a release of this Guarantee to GUARANTOR.

 

4.          
If the GUARANTOR becomes liable for any indebtedness owing by BORROWER to LENDER, by endorsement or otherwise, other than under
this Guarantee, such liability shall not be in any manner impaired or affected hereby, and the rights of LENDER hereunder shall
be cumulative of any and all other rights that LENDER may ever have against the GUARANTOR. The exercise by LENDER of any right
or remedy hereunder or under any other instrument, or at law or in equity, shall not preclude the concurrent or subsequent exercise
of any other right or remedy. If, for any reason whatsoever, BORROWER is now, or hereafter becomes indebted to the
GUARANTOR, such indebtedness and all interest thereon shall, at all times, be subordinate in all respects to the sums due under
the Guaranteed Sums, and the GUARANTOR shall not be entitled to enforce or receive payment thereof until the Guaranteed Sums have
been fully paid. Notwithstanding anything to the contrary contained in this Guarantee or any payments made by any party hereunder,
the GUARANTOR shall not have any right of subrogation in or under the documents securing payment of the Guaranteed Sums or this
Guarantee or to participate in any way therein, or in any right, title or interest in and to any mortgaged property or any collateral
for the Guaranteed Sums or this Guarantee, all such rights of subrogation and participation being hereby expressly waived and released,
until the Guaranteed Indebtedness has been fully paid.

 

 

 

 

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5.          
Should BORROWER default in the payment of sums due under the Guaranteed Sums, or any part thereof, when such indebtedness becomes
due, either by its terms or as the result of the exercise of any power to accelerate, or the occurrence of a Default under the
Loan Agreement, the GUARANTOR shall, on demand and without further notice of nonpayment or of dishonor, without any notice having
been given to the GUARANTOR previous to such demand of the acceptance by LENDER of this Guarantee, and without any notice having
been given to the GUARANTOR previous to such demand of the creating or incurring of such indebtedness, pay the amount due thereon
to LENDER, and it shall not be necessary for LENDER, in order to enforce such payment by the GUARANTOR, first to institute suit
or exhaust its remedies against BORROWER or others liable on such indebtedness, or to enforce its rights against any security which
shall ever have been given to secure such indebtedness. Suit may be brought, or demand may be made against GUARANTOR without impairing
the rights of LENDER against any other party guaranteeing the Guaranteed Sums. GUARANTOR hereby specifically agrees that his liability
hereunder is absolute, and not contingent on the occurrence of any event.

 

6.          
The GUARANTOR hereby agrees that the GUARANTOR's obligations under the terms of this Guarantee shall not be released,
diminished, impaired, reduced or affected by the occurrence of any one or more of the following events: (a) the taking or
accepting of any other security or guaranty for any or all of the Guaranteed Sums; (b) any release, surrender, exchange,
subordination, or loss of any security at any time existing in connection with any or all of the Guaranteed Sums; (c) the
complete or partial release from liability of any other Guarantor of the Guaranteed Sums; (d) the insolvency, bankruptcy,
disability, dissolution, termination, receivership, reorganization or lack of corporate, partnership or other power of
Borrower, or any party at any time liable for the payment of any or all of the Guaranteed Sums, whether now existing or
hereafter occurring; (e) renewal, extension, modification or rearrangement of the payment of any or all of the Guaranteed
Sums, either with or without notice to or consent of the GUARANTOR, or any adjustment, indulgence, forbearance, or compromise
that may be granted or given by LENDER to Borrower, or the GUARANTOR; (f) any neglect, delay, omission, failure, or refusal
of LENDER to take or prosecute any action for the collection of any of the Guaranteed Sums or to foreclose or take or
prosecute any action to foreclose upon any security therefor or to take or prosecute any action in connection with any
instrument or agreement evidencing or securing all or any part of the Guaranteed Sums; (g) any failure of LENDER to notify
the GUARANTOR of any renewal, extension, rearrangement, modification or assignment of the Guaranteed Sums or any part
thereof, or of any instrument evidencing or securing the Guaranteed Sums or any part thereof, or of the release of or change
in any security or of any other action taken or refrained from being taken by LENDER against Borrower, or of any new
agreement between LENDER and Borrower, it being understood that LENDER shall not be required to give the GUARANTOR any notice
of any kind under any circumstances with respect to or in connection with the Guaranteed Sums; (h) the unenforceability of
all or any part of the Guaranteed Sums against BORROWER, whether because the Guaranteed Sums exceed the amount permitted by
law, the act of creating the Guaranteed Sums, or any part thereof, is ultra vires, the officers or persons creating same
acted in excess of their authority, or otherwise, it being agreed that the GUARANTOR shall remain liable hereon regardless of
whether BORROWER or any other person be found not liable on the Guaranteed Sums, or any part thereof, for any reason; or (i)
any payment by BORROWER to LENDER is held to constitute a preference under the bankruptcy laws or if for any other reason
LENDER is required to refund such payment or pay the amount thereof to someone else. It is the intent of the GUARANTOR and
LENDER that the obligations and liabilities of the GUARANTOR hereunder are absolute and unconditional under any and all
circumstances and that until the Guaranteed Sums is fully and finally paid, such obligations and liabilities shall not be
discharged or released, in whole or in part, by any act or occurrence which might, but for the provisions of this Guarantee,
be deemed a legal or equitable discharge or release of a GUARANTOR.

 

8.          The GUARANTOR represents and warrants that the value of the consideration received and to be received by the GUARANTOR as a result
of the execution of this Guarantee is fair and adequate and is reasonably worth at least as much as the liability and obligation
of the GUARANTOR hereunder, and such liability and obligation may reasonably be expected to benefit the GUARANTOR directly or indirectly.

 

9.          This Guarantee is for the benefit of LENDER and LENDER's successors and assigns, and in the event of an assignment of the Guaranteed
Sums, or any part thereof, the rights and benefits hereunder, to the extent applicable to the indebtedness so assigned, may be
transferred with such indebtedness. This Guarantee is binding not only on the GUARANTOR, but on the GUARANTOR's heirs, personal
representatives, successors and assigns.

 

 

 

 

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10.          THIS GUARANTEE
SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF CALIFORNIA, AND IS INTENDED TO BE PERFORMED IN
ACCORDANCE WITH, AND ONLY TO THE EXTENT PERMITTED BY SUCH LAWS.

 

11.          If any provision
of this Guarantee or the application thereof to any person or circumstance shall, for any reason and to any extent, be invalid
or unenforceable, neither the remainder of this Guarantee nor the application of such provisions to any other person or circumstances
shall be affected thereby, but rather the same shall be enforced to the greatest extent permitted by law.

 

12.          The GUARANTOR hereby agrees with LENDER
that all rights, remedies and recourses afforded to LENDER by reason of this Guarantee or otherwise are separate and cumulative
and may be pursued separately, successively or concurrently, as occasion therefor shall arise, and are non-exclusive and shall
in no way limit or prejudice any other legal or equitable right, remedy or recourse which LENDER may have.

 

13.          THE UNDERSIGNED
HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ALL RIGHTS TO TRIAL BY JURY IN ANY ACTION, SUIT, PROCEEDING, OR COUNTERCLAIM THAT
RELATES TO OR ARISES OUT OF THIS GUARANTEE OR THE ACTS OR FAILURE TO ACT OF OR BY LENDER IN THE ENFORCEMENT OF ANY OF THE TERMS
OR PROVISIONS OF THIS GUARANTEE OR THE OTHER LOAN DOCUMENTS.

 

 

Agreed and Accepted:

 

DATE: March 15, 2021

GUARANTOR

 

/s/
Desheng Wang                  

Desheng Wang, CEO

 

 

Address and Phone:

 

 

 

 

 

 

 

 

 

 

 

    	 	3Exhibit 10.12

 

PROMISSORY NOTE SECURED BY DEED OF TRUST

 

	Date:	March 15, 2021

 

	Borrower:	Focus Universal, Inc., a Nevada corporation

 

	Payee:	Golden Sunrise Investment LLC

 

	Principal Amount:	One Million Five Hundred Thousand US Dollars

($1,500,000.00)

 

	Term:	The Principal is payable in whole on the Due Date as set forth herein.

 

	Due Date:	March 14, 2022.

 

	Payment Terms:	This unpaid principal and all unpaid accrued interest on this Note shall be due and payable on the Due Date.

 

	Form of Payment:	Wire transfer or certified check in payment of all or any portion hereof may be accepted by Payee and handled in collection in
the customary manner.

 

	Interest Rate:	This Note shall bear interest at the rate of 10% per annum. 

The 1st of each month is a due day for interest only

 

	Security for Note:	This Note represents the indebtedness owed by Borrower to Payee pursuant to the
    March 15,2021 Loan Agreement between Borrower and Payee. Borrower agrees that until such time as the principal and interest
    owed under this note are paid in full, the note shall be secured by a deed of trust to real property commonly known as 2311 E
    Locust Ct., Ontario, CA, 91761 Parcel #0113-396-09-0000, Parcel Map 12035, Parcel 5 in San Bernardino County, CA (the
    "Property"). owned by the Borrower, executed on March 15, 2021, and recorded on or about March 14, 2022 in the
    records of San Bernardino County, California.

 

	Subordination:	The deed of trust wider this Note shall be and shall remain, at all times. and in each and every
respect, subject and subordinate to the Deed of trust of EastWest Bank (the "Primary Security Instrument"). Documents,
and to any and all renewals. amendments, modifications. supplements, extensions. consolidations, and replacements thereof, including
without limitation, amendments which increase the amount of the indebtedness secured by the Note.

 

	Attorneys' Fees; Expenses for Note:	In any action at law or equity to enforce this Note, even if a lawsuit is not filed, the prevailing
    party shall be entitled to his/her reasonable attorneys' fees and all costs, expenses for bankruptcy proceedings (including
    efforts to modify or vacate any automatic stay or injunction), and appeals. Borrower also will pay any court costs, in addition
    to all other sums provided by law.

 

 

 

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	Severability:	If any provision of this Note or the application thereof shall for any reason and to any extent, be invalid or unenforceable,
neither the remainder of this Note nor the application of the provision to other persons, entities or circumstances shall be affected
thereby, but instead shall be enforced to the maximum extent permitted by law.

 

	Binding Effect:	The covenants, obligations and conditions herein contained shall be binding on and inure to the benefit of the heirs, legal representatives,
and assigns of the parties hereto.

 

	Governing Law:	This Note shall be governed by and construed in accordance with the laws of the State of California.

 

 

Executed on this 15th day of March, 2021

Focus Universal, Inc., a Nevada corporation

 

/s/ Desheng
Wang                                 

     By
Desheng Wang, its CEO

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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