Document:

Exhibit 10.9

 

FORM OF INVESTMENT AGREEMENT

 

THIS
INVESTMENT AGREEMENT (this “Agreement”), dated as of [●], 2021, is by and
between (i) SILVERspac Sponsor LLC (“Sponsor”) and (ii) [●] (“Investor”).
Capitalized terms used and not otherwise defined herein shall have the meanings ascribed to such terms in the Amended and Restated Limited
Liability Company Agreement of Sponsor, dated [●], 2021 (as amended, restated, supplemented,
waived and otherwise modified from time to time in accordance with its terms, the “LLC Agreement”).

 

WHEREAS,
in connection with the initial public offering (the “IPO”) of units of SILVERspac Inc., a Cayman Islands exempted company
(“SPAC”), Investor has expressed an interest in acquiring up to [●] units
or such lesser amount so that the number of units of the SPAC acquired by the Investor shall not exceed [●]%
of the total number of units offered by the SPAC in the IPO, excluding the exercise of any over-allotment option (the “IPO Indication”).

 

NOW THEREFORE, the parties hereto
hereby agree as follows:

 

Section 1. Issuance and Sale
of Sponsor Units.

 

(a)
In connection with the IPO Indication, and subject to the satisfaction of the conditions set forth in Section 1(c), the Sponsor
hereby agrees to sell and deliver to the Investor good title to [●] Class A Units, assuming
an IPO with gross proceeds of $250 million and the underwriters’ over-allotment option is not exercised; provided that in the event
that the gross proceeds from the IPO shall be greater or less than $250 million (assuming the underwriters’ over-allotment option
is not exercised), the number of Class A Units shall be proportionally adjusted so that the number of Class A Units will represent a [●]%
interest in the Class B ordinary shares, par value $0.0001 per share (“Class B Shares”), of the SPAC owned by the Sponsor
(assuming the over-allotment option is not exercised) (such Class A Units, the “Units”). The Investor hereby agrees
to purchase from the Sponsor (the “Purchase”) the Units at a price per Unit equal to $0.003 (for a total purchase price
of $[●], assuming an IPO with gross proceeds of $250 million and the underwriters’ over-allotment
option is not exercised, as such total purchase price may be adjusted in accordance with the preceding sentence) in immediately available
funds (the “Purchase Price”). For the avoidance of doubt, no adjustments to the Units or Purchase Price shall be made
should the Investor be allocated less than the IPO Indication.

 

(b) In connection with the
Purchase contemplated by this Section 1, Investor agrees to be bound by all of the terms and conditions of the LLC Agreement as
a Member and hereby, without limitation, makes the representations, warranties and acknowledgments to Sponsor set forth in Section 9.1
of the LLC Agreement.

 

(c)
Subject to (i) the fulfillment by Investor of the IPO Indication (which shall include the acquisition of 100% of the units of the SPAC
allocated to the Investor by the underwriters in the IPO, up to [●] units of the SPAC (or such
lesser amount so that the number of units of the SPAC acquired by the Investor shall not exceed [●]%
of the total number of units offered by the SPAC in the IPO, excluding the exercise of any over-allotment option); (ii) Investor’s
payment of the Purchase Price as contemplated by Section 1(a) of this Agreement and (iii) the execution by Investor of the Joinder
to the LLC Agreement attached hereto as Exhibit A, the Purchase shall occur and be effective upon the closing of the IPO (the “Closing
Date”), automatically and without any action of any other party hereto.

  

     

     

    

 

Section 2. Representations
and Warranties of the Transferors. The Sponsor hereby represents and warrants to the Investor, as of the date hereof and on the Closing
Date, as follows:

 

(a) The Sponsor has full power
and authority to execute and deliver this Agreement, to perform its obligations hereunder and to consummate the transactions contemplated
hereby.

 

(b) This Agreement has been
duly and validly executed and delivered by the Sponsor and constitutes a legal, valid and binding obligation of the Sponsor enforceable
against the Sponsor in accordance with its terms.

 

(c) The execution and delivery
of this Agreement, the consummation of the transactions contemplated hereby and the performance of the obligations hereunder will not
materially conflict with, or result in any material violation of or default under, any agreement or other instrument to which the Sponsor
is a party or by which the Sponsor is or the Units are bound, or any decree, order, statute, rule or regulation applicable to the Sponsor
or the Units

 

(d) The Units (i) have been
duly authorized and, when issued in accordance with this Agreement, the Units will be duly and validly issued, fully paid and non-assessable
Units of the Sponsor, (ii) are, or will be, free and clear of any security interests, liens, claims or other encumbrances, subject only
to restrictions upon transfer under the Securities Act of 1933 as amended (the “Securities Act”) and any applicable
U.S. state securities laws and such transfer restrictions as are set forth in the LLC Agreement, (iii) will not subject the holders of
such Units to personal liability for any debt, obligation or liability of the Company solely by reason of being a holder of such Units,
and (iv) assuming the Investor’s representations and warranties as set forth herein and in the LLC Agreement are true and correct,
will not result in a violation of the Securities Act.

 

(e)
Substantially concurrently with the execution of this Agreement, the Sponsor is entering into separate agreements with other “anchor
investors” in respect of the purchase of the IPO. The Sponsor represents that no such other “anchor investors” has been
given terms that are more beneficial than those terms offered to the Investor, including the ability to purchase a greater number of Units
relative to such other “anchor investor’s” indication of interest to purchase units offered by the SPAC in the IPO than
the Investors [●]% interest in the Sponsor’s Class B shares for the Investor’s
IPO Indication provided to Investor pursuant to this Agreement. For the sake of clarity, an agreement with an “anchor investor”
pursuant to which the Sponsor agrees to sell to such “anchor investor” a [●]% interest in the Sponsor’s Class B Shares
for a [●]% indication of interest shall not be prohibited by this clause 2(e). In the event that another “anchor investor”
is afforded better terms than were offered to the Investor, including a greater number of Units as it relates to such “anchor investor’s”
indication of interest than the Investor, the Sponsor shall immediately so inform the Investor and offer those terms to the Investor,
including informing the Investor of such greater number of Units, and the Investor shall have the right to elect to purchase additional
Units, in which case the parties hereto shall promptly amend this Agreement to effect the same. Notwithstanding the foregoing, this provision
does not apply to any investor that participates in the at-risk capital of the Sponsor via a meaningful investment or enters into a formal
forward purchase agreement in connection with a private investment in public equity in support of the SPAC’s potential business
combination.

 

(f) There is no action, suit,
proceeding, inquiry or investigation before or by any court, public board, government agency, self-regulatory organization or body pending
or, to the knowledge of the Sponsor, threatened against or affecting the SPAC and the Sponsor or any of the SPAC’s officers or directors,
whether of a civil or criminal nature or otherwise, in their capacities as such.

 

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(g) Neither the Sponsor, nor
to its knowledge, any person acting on its or their behalf, has engaged in any form of general solicitation or general advertising (within
the meaning of Regulation D under the Securities Act) in connection with the offer or sale of the Class A Units.

 

(h) The Sponsor had complied
with all applicable laws in connection with the transactions described herein and neither the SPAC, the Sponsor, nor, to the Sponsor’s
knowledge, any director, officer, agent or employee has, in the course of its actions for, or on behalf of, the SPAC and the Sponsor (i)
used any corporate funds for any unlawful contribution, gift, entertainment or other unlawful expenses relating to political activity;
(ii) made any direct or indirect unlawful payment to any foreign or domestic government official or employee from corporate funds; (iii)
violated or is in violation of any provision of the U.S. Foreign Corrupt Practices Act of 1977, as amended; or (iv) made any unlawful
bribe, rebate, payoff, influence payment, kickback or other unlawful payment to any foreign or domestic government official or employee.

 

(i) The operations of the
SPAC and the Sponsor are and have been conducted at all times in compliance with applicable financial recordkeeping and reporting requirements
and all other applicable U.S. and non-U.S. anti-money laundering laws and regulations, including, but not limited to, those of the Currency
and Foreign Transactions Reporting Act of 1970, as amended, the USA Patriot Act of 2001 and the applicable money laundering statutes of
all applicable jurisdictions, the rules and regulations thereunder and any related or similar rules, regulations or guidelines, issued,
administered or enforced by any governmental agency (collectively, the “Anti-Money Laundering Laws”), and no action,
suit or proceeding by or before any court or governmental agency, authority or body or any arbitrator involving the SPAC and the Sponsor
with respect to the Anti-Money Laundering Laws is pending or, to the knowledge of the Sponsor, threatened.

 

Section 3. Representations
and Warranties of Investor. Investor hereby represents and warrants to the Sponsor as of the date hereof and the Closing Date, as
follows:

 

(a) Investor has full power
and authority to execute and deliver this Agreement and to perform its obligations hereunder.

 

(b) This Agreement has been
duly and validly executed and delivered by Investor and constitutes a legal, valid and binding obligation of Investor enforceable against
Investor in accordance with its terms.

 

(c) The execution and delivery
of this Agreement, the consummation of the transactions contemplated hereby and the performance of its obligations hereunder will not
materially conflict with, or result in any material violation of or default under, any agreement or other instrument to which Investor
is a party or by which Investor, or any decree, order, statute, rule or regulation applicable to Investor.

 

(d) The Investor
understands that its ownership of the Units may cause adverse tax consequences, including the realization of taxable income without
receiving cash distributions to pay the required tax thereon. Moreover, the Investor understands that there is no obligation for the
Sponsor to make any distribution (including tax distributions) to its Members (including the Investor) except as set forth in the
LLC Agreement. The Investor further understands that even if the Sponsor were to make cash distributions from time to time, there is
no assurance that such cash distributions will be made in sufficient amounts or at an opportune time so as to enable the Investor to
pay in a timely manner any taxes that the Investor may be required to pay in respect of the Units. The Investor represents and
warrants that it has sufficient liquid resources to pay all taxes that the Investor may be required to pay in respect of the Units,
including all taxes arising from allocations of taxable income of the Sponsor to the Investor with respect to the Units. The
Investor has reviewed its investment in the Units with its tax advisors and has not received or relied upon any tax advice from the
Sponsor or its affiliates, or any advisor to any member of the Sponsor. None of the Sponsor, its Members or affiliates has made any
representation or warranty (and shall not otherwise be liable to the Investor) as to the tax treatment of vesting (if applicable),
allocations or distributions with respect to the Units under applicable law.

 

(e) Investor is an “accredited
investor” as that term is defined in Regulation D promulgated under the Securities Act of 1933.

 

Section 4. Miscellaneous.

 

(a) Contemporaneous with the
occurrence of the Purchase, the Investor shall deliver to the Sponsor a properly completed and duly executed IRS Form W-8 or W-9, as applicable.

 

(b) Investor hereby prohibits
the Sponsor and the SPAC to publicly disclose that Investor is a party to this Agreement and the LLC Agreement, and an investor or prospective
investor in the SPAC, including the use of Investor’s name in the SPAC’s IPO prospectus, and Sponsor prohibits the Investor
from publicly disclosing that Investor is a party to this Agreement and the LLC Agreement, and an investor or prospective investor in
the SPAC; except (i) Sponsor may disclose the Investor’s name to the Members of the LLC, an affiliate of a Member, any Related Party
of such Member or any of its affiliates or of the SPAC and (ii) Investor and Sponsor may disclose to the extent such disclosure is required
by applicable law, including, without limitation, any disclosure that may be required by the Securities Act of 1933, as amended, or the
Securities Exchange Act of 1934, as amended; provided that, in the case of (ii), the Sponsor and/or the SPAC shall provide Investor with
two (2) business days’ prior written notice of any such required disclosure. Notwithstanding the forgoing and notwithstanding Section
10.9 of the LLC Agreement, Investor may disclose that it is a party to this Agreement and the LLC Agreement, that it is an investor in
the SPAC and Confidential Information, as defined in the LLC Agreement, to its affiliates, directors, officers, employees, attorneys,
accountants, investment manager and other professional representatives provided such parties are subject to confidentiality requirements.

 

(c) The Units and Class B
Shares directly or indirectly owned by the Investor shall not be subject to forfeiture, cancellation, share price triggers commonly known
as “earn-outs” or transfer as a result of any Class B Shares held by the Sponsor being forfeited, canceled, transferred, modified
or otherwise reduced in connection with an initial business combination or any other reason (each a “Change in Investment”).
In the event of a Change in Investment, the Sponsor hereby agrees that the Units purchased pursuant to this Agreement will be correspondingly
adjusted to represent an interest in the same number of Class B Shares as the Units represented prior to such Change in Investment. Other
than a Change in Investment in connection with an initial business combination, the Sponsor shall not transfer or dispose of any Class
B Shares except for pro rata distributions of the Class B Shares to the holders of the Unit. The Sponsor shall not, directly or indirectly,
amend, modify or alter the rights of the Units to reduce their proportionate economic rights with respect to the Class B Shares. The Sponsor
shall not incur any indebtedness for borrowed money without the consent of the Investor.

 

(d) This Agreement shall be
governed by the internal laws (and not the law of conflicts) of the State of Delaware.

 

(e) This Agreement may not
be amended without the written consent of all of the parties hereto.

 

(f) From time to time, at
the reasonable written request of any of the other parties hereto, each party hereto shall execute and deliver such additional documents
and instruments and take such further lawful action as may be necessary to consummate and make effective, in the most expeditious manner
practicable, the transactions contemplated by this Agreement.

 

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(g) Any term or provision
of this Agreement which is invalid or unenforceable shall be ineffective to the extent of such invalidity or unenforceability without
rendering invalid or unenforceable the remaining rights of the person intended to be benefited by such provision or any other provisions
of this Agreement.

 

(h) Each party hereto may
elect to terminate this Agreement if the Closing Date has not occurred by [●], 2021. If terminated, this Agreement shall be void
and of no further force and effect, and all rights and obligations of the parties hereunder shall terminate without any further liability
on the part of any party in respect thereof; provided, that nothing herein will relieve any party from liability for any willful and material
breach hereof prior to the time of termination, and each party will be entitled to any remedies at law or in equity to recover losses,
liabilities or damages arising from such breach.

 

(i) Each party hereto will
bear its own costs and expenses incurred in connection with the preparation, execution and performance of this Agreement and the consummation
of the transactions contemplated hereby, including all fees and expenses of agents, representatives, financial advisors, legal counsel
and accountants.

 

(j) This Agreement may be
executed in two or more counterparts, each of which shall constitute an original, and all of which taken together shall constitute one
and the same instrument. Any signature page delivered by a facsimile machine or electronic mail shall be binding to the same extent as
an original signature page.

 

Section 5. Tax Matters.
The Sponsor and the Investor agree that as long as the Investor is a Member of the Sponsor (and, following such time, to the extent of
any provision which has an effect on the Investor as a result of being a Member of the Sponsor), and, notwithstanding anything in the
LLC Agreement to the contrary, the LLC Agreement as between the Sponsor and the Investor shall be deemed to be modified to give effect
to the following:

 

(a) The Sponsor is classified
for U.S. federal income tax purposes as a partnership, and shall remain so classified as a partnership or disregarded entity. The Sponsor
shall not engage in any activity or own any assets that cause the Sponsor to lose such classification.

 

(b) The Sponsor shall use
reasonable best efforts to (i) avoid being required to impose any withholding tax pursuant to Section 1445 of the U.S. Internal Revenue
Code of 1986, as amended (the “Code”) other than with respect to stock of a “United States real property holding corporation”
(within the meaning of Section 897(c)(2) of the Code), (ii) notify the Investor of the amount of any withholding or other taxes imposed
by any tax authority with respect to the Investor (“Withholding Taxes”), and (iii) provide the Investor with assistance in
obtaining any available refund of, or exemption from, such Withholding Tax, including the provision of assistance to enable the Investor
to complete, on a timely basis, appropriate tax forms necessary to claim any refund and/or exemption.

 

(c) The Sponsor shall use
reasonable best efforts to not engage in any activity that may result in the Sponsor being treated as engaged in a “trade or business
within the United States” (within the meaning of Section 864(b) of the Code). The Sponsor shall notify the Investor as soon as it
determines that it expects to be so treated, and shall coordinate with the Investor to mitigate the negative consequences of such treatment.

 

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(d) The Sponsor confirms that
it does not, and, will not interpret this agreement to allow the Sponsor to compel the Investor (or its underlying owners) to amend any
tax return of such persons without the Investor’s consent.

 

(e) The Sponsor shall cause
to be provided to the Investor no later than 90 days following the end of each tax year of the Sponsor (as determined for U.S. federal
income tax purposes) a IRS Schedule K-1 to Form 1065 and such other information with respect to the Sponsor as may be necessary for the
preparation of the Investor’s federal, state and local income tax returns for such fiscal year on a timely basis.

 

(f) For United States federal
income tax purposes, the Sponsor shall take the position that it does not engage in a “trade or business within the United States”
(within the meaning of Section 864(b) of the Code) and that it does not engage in “commercial activity” (within the meaning
of Section 892 of the Code), and shall avoid making any investment, or taking any action, reasonably likely to cause the Sponsor (i) to
be treated as engaged in, or to recognize income or gain treated as effectively connected with, a “trade or business within the
United States” for U.S. federal income tax purposes (including, sections 864, 871, 882 or 897 of the Code) or (ii) to be treated
as engaged in “commercial activity” for purposes of Section 892 of the Code.

 

(g) The Sponsor shall make
an effective and timely election pursuant to Section 1295 of the Code for the Sponsor’s first taxable year with respect to the Class
B Shares owned by the Sponsor and shall cause such election to remain in effect for all subsequent taxable years of the Sponsor.

 

(h) The Sponsor shall cause
the SPAC to prepare and provide to Investor or Sponsor, within 90 days after the end of the SPAC’s taxable year or as soon as practicable
thereafter, a PFIC Annual Information Statement within the meaning of Section 1.1295-1 of the Treasury Regulations. Upon written request,
the Sponsor shall also cause the SPAC to prepare and provide to Investor the information and documentation necessary to enable the Investor
and its direct or indirect owners to (A) accurately prepare all tax returns and comply with any reporting requirements as a result of
the classification of the SPAC as a “passive foreign investment company” within the meaning of Section 1295 of the Code and
(B) make and maintain any election or filing (including, without limitation, a “qualified electing fund” election or a “protective
statement” under Section 1295 of the Code) with respect to the SPAC, and comply with any reporting or other requirements incident
to such election.

 

* * * * *

 

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IN WITNESS WHEREOF, the undersigned have executed
this Agreement as of the date first written above.

 

	 	INVESTOR:
	 	 
	 	[____]
	 	 
	 	By:	                  
	 	Name:	 
	 	Title:	 
	 	 
	 	SPONSOR:
	 	 
	 	SILVERSPAC SPONSOR LLC
	 	 	 
	 	By:	 
	 	Name:  	 
	 	Title: 	 

 

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Exhibit A

 

Joinder to LLC Agreement

 

JOINDER

 

_____, 2021

 

Reference is made to that certain Limited Liability
Company Agreement of SILVERspac Sponsor LLC, a Delaware limited liability company (the “Company”), dated as of January
26, 2021 (as it may be amended or otherwise modified from time to time, the “LLC Agreement”). Capitalized terms used
and not defined herein have the meaning ascribed to such terms in the LLC Agreement.

 

By executing this Joinder, the undersigned (“New
Member”) hereby agrees to (i) become a party to the LLC Agreement with all right, title and interest as, and all obligations
of, a Non-Managing Member thereunder and (ii) to be bound by, and to comply with, the terms and provisions of the LLC Agreement in the
same manner as if the undersigned were an original signatory to such LLC Agreement.

 

Accordingly, the New Member has duly executed this
Joinder as of the date first above written.

 

	 	By:	 
	 	Name:Exhibit 10.1

 

Fenjiu Group Spirit Development Zone Sales Co.,
Ltd.

 

Distribution contract

 

Party A: Shanxi Xinghuacun Liquor Group Spirit
Development Zone Sales Co., Ltd. (Fenjiu Group)

 

Party B: Fenyang Huaxin Spirit Industry Development
Co. Ltd..

 

In accordance with the provisions of the Contract
Law of the People’s Republic of China and other relevant laws and administrative regulations, Party A and Party B shall follow the
principles of equality, voluntariness, fairness and good faith.

 

1 Distribution of products

 

1 Party A agrees that Party B will distribute
Fenjiu Group’s “Xinghua Village” Da Gang Jiu” products nationwide. Party A and Party B will jointly negotiate
and improve the product line of Fenjiu Group’s “Xinghua Village” Da Gang Jiu series. Party B will be responsible for
the promotion, promotion, display, and promotion of products.

 

2 Distribution prices

 

2, Fenjiu Group “Xinghua Village”
large spirit base spirit supply strictly implement the price recognized by both A and B. Among them, Party A’s exit price will be
adjusted from time to time due to market changes, and the specific price will be determined based on each purchase order.

 

3, Party A, B and Fenjiu Group “Xinghua
Village” Da Gang Jiu product price system’ was jointly negotiated and formulated. Before the product was listed, Party B reported
the regional agency price and retail guide price to ensure that the market price was stable, and the “Xinghua Village” was
continuously promoted. Da Gang Jiu series product image.

 

3 Contract security

 

4 Party A shall receive from Party B a credit
deposit of Nil without any credit guarantee, and Party B shall return to Party B the full amount of the credit guarantee paid by Party
B upon termination of the agency.

 

4 sales tasks:

 

5, (1) During the term of this year’s contract,
that is, from June 30, 2020 to June 29, 2023, the contract amount is RMB15 million (the sum of the two contracts) completed

 

(2) Terms of payment: To execute an advance payment,
a bank acceptance draft with a term of less than six months may be used. Each acceptance shall not exceed 50 % of the contract amount.

 

(3) Mission assessment:

 

The annual task should be broken down according
to the monthly quarterly time node, and the production plans and arrangements for purchase are strictly in accordance with the decomposition
figures. Party A shall have the right to cancel Party B’s distribution qualification and cancel this contract if 80 % of the sales
tasks stipulated in the contract are completed.

 

5 Rights and obligations of Party A

 

6, Party A shall have the exclusive right, patent
right and copyright of the trademarks, such as the characters, marks and drawings marked “Fenjiu Group” and “Xinghua
Village” series of standard marks on the packaging of the products.

 

7, Where Party B leads or participates in the
packaging design, Party A shall require Party B to ensure that the packaging design (including the shape of a bottle) does not infringe
upon the lawful rights of others. In case of infringement, Party A shall not bear the responsibility and Party B shall bear all the responsibility.

 

     

     

    

 

8, Party A ensures that the products provided
meet the product quality standards of the liquor industry in China and ensure long-term and stable product quality. Party A shall be responsible
for compensation if losses are caused to Party B and third parties due to the quality of the products provided by Party A.

 

9, A shall invoice Party B for settlement.

 

10, Party A coordinates and authorizes Party B
to use the words “Fenjiu Group”, “Xinghua Village” trademark, “Shanxi Xinghua Village Fenjiu Group Liquor
Development Zone Co., Ltd.”, “Shanxi Xinghua Village Fenjiu Group Co., Ltd.” Chinese and English words, etc., and when
necessary for package printing or market promotion, Provide relevant procedures and certificates to Party B.

 

11, The name, container and packaging of the words
“Da Gang Jiu” shall belong to the exclusive use of Party B. Party A shall not supply other customers as trade names and publicity.

 

12, Party B shall provide the bar code and Anti-Counterfeiting
system for the customized products of the “Da Gang Jiu” by Party A.

 

6 Rights and obligations of Party B

 

13, Party B may, in accordance with the needs
of the market and the needs of consumers, and in accordance with the relevant provisions of Party A and with the consent of Party A, carry
out the pre-product packaging design work. After being examined and confirmed by Party A and the relevant departments of the shareholders,
the production work instructions are issued and the formal production procedures are entered. At the same time, Party B shall not counterfeit
or counterfeit Party A’s brand products. Once found out, Party B will be punished in accordance with the relevant provisions for
making fake sales and shall be investigated for its legal responsibility.

 

14, Party B shall, according to the marketing
situation, report to Party A the production plan according to the procedures stipulated by Party A and carry out the advance payment policy.

 

15, Party B may, in accordance with the business
strategy of the enterprise, formulate a commodity promotion plan in order to speed up the turnover and sale of the commodities. However,
the promotion plan must be reported in advance to the relevant departments of Party A for examination and approval and for the record.
In the advertising and marketing activities of the product, we must contact the relevant departments of Party A in advance and verify
and approve it before proceeding.

 

16, Party B shall not assign the contract without
the written consent of Party A.

 

17, Party B shall be subject to supervision and
inspection by Party A and the relevant Department’s market inspectors, implement Party A’s market management regulations,
and submit to Party A’s overall coordination arrangements.

 

7 Other Provisions

 

18, Location of supply: Party A’s designated
warehouse

 

19, The term of this contract is from June 30,
2020 to June 29, 2023. If the contract is renewed, the two parties must agree on the terms of contract cooperation for the next year before
June 29 of each year and sign a cooperation contract for the next year.

 

20, contract signing place: Shanxi Province Fenyang
City Xinghua Village

 

8 Cancellation of the contract

 

21, Any party that proposes to terminate this
contract shall notify the other party in writing 30 days in advance, and the contract shall be terminated on the date fixed by the parties
through consultation.

 

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22, Party A shall have the right to cancel the
contract unilaterally if Party B appears in one of the following cases.

 

(1) where the circumstances provided for in Articles
4 or 6 of this Contract exist;

 

(2) when the business license has been revoked
or suspended by the competent administrative Department of the government, or when other cases of loss of legal business status or qualifications
have occurred;

 

(3) An application for insolvency, a proceeding
in liquidation, or a situation of insolvency or insolvency, or other circumstances where there are substantial grounds for believing that
the financial situation has deteriorated or that there is a possibility;

 

(4) transferring all or part of the rights or
obligations herein to a third party without the written consent of Party A.

 

23, After the termination of the contract, the
handling of the package materials and products shall be handled in accordance with the relevant regulations and procedures of Party A.
Return all or the rest of the deposit after all the remaining issues including the product have been resolved.

 

9 Responsibility and Dispute Resolution

 

24, Both parties should strictly abide by the
terms of the agreement. If either party defaults, it will compensate the other party for the actual economic losses caused by it.

 

25, In the event of force majeure affecting the
normal performance of this contract, the two parties shall not be held responsible for each other. When the normal performance of this
contract is affected by major national policy adjustments or changes in raw material prices, both parties shall consult and revise the
supplementary clauses in a timely manner, all of which shall have the same legal effect.

 

26, If Party A makes price adjustment due to changes
in cost, Party B agrees to resign the contract.

 

27, The people’s court of the place where
this contract is concluded shall accept the dispute arising from the execution of this contract.

 

This contract is in four copies, each party holds
two copies, effective from the date of signature and seal of the legal representative (principal agent) of both parties.

 

	Party A:  	Party B:
	 	 
	Legal representative:	Legal representative:
	 	 
	(Agent): Songxiaodong	(Agent): Qi Shanping
	 	 
	Date of signing: 30 June 2020	 

 

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Purchase and sale contract

 

Party A: Shanxi Xinghua Village Fenjiu Group Spirit
Development Zone Sales Co., Ltd..

 

Party B: Fenyang Huaxin Spirit Industry Development
Co. Ltd..

 

In order to give full play to their respective
advantages, Party A and Party B, after friendly consultation and in accordance with the principle of “sincere cooperation and benefit
sharing”, in accordance with relevant laws and regulations, have reached a cost contract on related matters. The contract contents
are as follows:

 

1 Subject matter and duration of the contract

 

This contract refers to the spirit brewed according
to the production technology and standard of the pure liquor. It conforms to the product quality standards of the liquor industry in China
and ensures long-term and stable product quality. Party A shall sell to Party B, Party B shall act as Party A’s distributor of this
Contract and shall sell it within the scope of whole China.

 

The term of this contract is from June 30, 2017
to June 29, 2020. If the contract is renewed after the expiration of the contract, Party B shall have priority under the same conditions.

 

2 Number of sales

 

The annual sales volume of Party B shall reach
RMB10 million.

 

Party B shall complete the sales target stipulated
in the contract within the term of the contract from June 30, 2017 to June 29, 2020, and Party A shall perform the assessment. Party A
shall have the right to cancel Party B’s distribution qualification and cancel this contract if 80 % of the sales target is not
reached.

 

3 Sales Price

 

	Product No.	 	Product name	 	specification
	1	 	45% alc Da Gang Jiu	 	Per 3 X 600G
	2	 	65% alc Da Gang Jiu	 	Per 5 X 600G
	3	 	42% alc Da Gang Jiu  	 	Per bottle 475ML
	4	 	53% alc Da Gang Jiu  	 	Per bottle 225ML×8
	5	 	53% alc Da Gang Jiu  	 	Per bottle 475ML
	6	 	6% alc 72 Bian  	 	Per bottle 150ML×6
	7	 	60% alc Da Gang Jiu  	 	Per bottle 475ML
	8	 	60% alc Feng Tan Lao Jiu	 	Per 24L×1
	9	 	65% alc 30 year old Chen Nian Lao Jiu	 	Per bottle500ML×6
	10	 	65% alc Da Gang Jiu  	 	Per bottle500ML×6
	11	 	65% alc Da Gang Jiu for collection	 	Per bottle500ML×6
	12	 	65% alc Hua Xia Zi Chan   	 	Per bottle500ML×6
	13	 	42% alc Rose Jiu 	 	Per 600G
	14	 	45% alc Gao Liang 三号  	 	Per 600G
	15	 	52% alc Gao Liang 一号  	 	Per 600G
	16	 	53% alc Gao Liang 二号  	 	Per 600G

 

Among them, Party A’s exit price will be
adjusted from time to time due to market condition, and the specific price will be determined based on each purchase order.

 

    4

     

    

 

4 Terms of payment

 

By the way of advance payment, Party A shall,
after receiving the corresponding payment from Party B, organize the delivery according to the principle of first payment and then goods.
A shall invoice Party B for settlement.

 

5 Agreement on Intellectual Property Rights

 

Party B’s product packaging, marketing,
brand promotion and other activities must conform to Party A’s brand strategic plan, and be reviewed and filed by the marketing
department of Party A shareholders before implementation. The audit and filing time shall not exceed 15 days.

 

Party A shall coordinate and authorize Party B
to use the words “Fenjiu Group”, “Xinghua Village” trademark, “Shanxi Xinghua Village Fenjiu Group Liquor
Development Zone Co., Ltd.”, “Shanxi Xinghua Village Fenjiu Group Co., Ltd.” Chinese and English words, etc., and when
necessary for market promotion, Provide relevant procedures and certificates to Party B.

 

6 Guarantee Terms

 

Party A shall receive from Party B a credit deposit
of Nil without any credit guarantee. Party B shall pay the credit guarantee to Party B at the termination of the agency. (If Party B owes
Party A payment, A may deduct it from Party B’s credit guarantee).

 

7 Liability for breach of contract

 

If either party defaults, the breaching party
shall be liable to the breaching party for the resulting economic losses.

 

8 Dispute Resolution

 

The disputes arising between the two parties in
the course of the execution of this Contract shall first be settled through friendly consultation.

 

To bring a suit in the people’s court of
the place where Party A.

 

9 Other

 

1, For matters not covered by this contract, the
parties shall negotiate and conclude supplementary agreements separately, which shall have the same legal effect as this contract.

 

2, this contract is full of forms, and both parties
to A and B hold two copies, effective from the date of signature and seal of both parties.

 

	Party A:	Party B:
	 	 
	Legal representative:	Legal representative:
	 	 
	Entrusted Agent: Songxiaodong	Entrusted Agent: Qi Shanping
	 	 
	Date of signature: 30 June 2020	 

 

 

5

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