Document:

Exhibit
10.1

 

Loan
Application

 

	Address: 2-5-9, Kotobashi, Sumida-Ku,

                                                                                Tokyo, 1300022, Japan
	Amount:
    25,595,000 JPY
	Name:
    Yoshitsu Co., Ltd

    Representative
    President: Mei Kanayama
	Desired
    Borrowing Date: 2020/12/21
	Repayment
    Due Date: 2021/8/31
	Use:
    Koshigaya warehouse construction funds	No
    new collateral for this application.
	Repayment
    Method: Lump sum-payment
	Interest
    Payment method: Deducted from the Client’s account at the end of every month

    ☑  The
    first interest payment starts from the first day to 2021/3/31 shall be implemented at the loan start date, with deferred payment for
    the previous month on the last day of every month. However, interest up to the final repayment date will be prepaid on the final
    transfer date.

 

Agreement

 

2020/12/21

 

Address:
2-5-9, Kotobashi, Sumidaku, Tokyo, 1300022, Japan

The Company: Yoshitsu Co., Ltd

Representative Present: /s/ Mei Kanayama

 

	(1)
    The Bill No.	5
	(2)
    Due date	2021/8/31
	(3)
    Repayment condition	Lump
    sum-payment
	(4)
    Interest rate	1.20%
    per year
	(5)
    Interest Payment	The
    first interest payment is at the loan start date, with prepayment for the previous month on the last day of every month.
	(6)
    Penalty interest	18%
    per year (daily calculation of 365 days per year)Exhibit 10.2

 

Loan
Agreement Certification

 

2018/12/27

 

Address:
2-3-30-#4810, Harumi, Chuo-Ku, Tokyo, Japan

Guarantor:
/s/ Mei Kanayama

 

	Loan
    Essentials	Amount	300,000,000
    JPY
	Rate	1.1%
    per year

    The
    rate might be changed due to financial situation.
	Use	Purchasing
    site and constructing the Company’s Building
	Due
    Date	2053/12/31
	Deposit
    account for repayment	Branch
    Name: Kameido	Type:
    Deposit Account	Account
    No.: [*]
	Guarantee Amount

                                                                                 
	3000,000,000
    JPY

     
	The
    guarantor bears the guarantee obligation not only for the prior guarantee amount but also for interest, damages and all other debts
    incidental to the borrowing stated in the borrowing guidelines.

 

	Please
    specify the following terms (1, 2, 3) with 〇。
	Repayment
    Method of the Principle	Equal
    repayment of principal	Repayment
    Period	Repayment
    Date	Repayment
    Interval	Repayment
    Amount per Time
	Repayment
    per Time	The
    1st Time	2019/1/31	The
    end of every month	Every
    month	715,000
    JPY
	After
    the 2nd Time and	2019/02~2053/11	715,000
    JPY
	The
    Last Time	2053/12/31	715,000
    JPY

     

 

Loan
Repayment Chart

 

	Branch
    No.

    003	Client
    No.

    0290038
	Company
    Name:

    Yoshitsu
    Co., Ltd
	 	Date

    2018/12/27

	Repayment Method
    No. 231	Equal
    Principal Fluctuation Period	Approval
    Type-No. 9-156060	Certification
    No. 13244	Use
    31	Start
    Date

    2018/12/27
	Due
    Date 2053/12/31	Interest
    Rate 1.100%	Loan
    Type 100099
	Transfer
    Type - Account No. MO2-1048353
	 	Period	Repayment
    Start Date	Period	Repayment
    Time	The
    First Repayment	Repayment	The
    Last Repayment
	Installment	300,000,000
    JPY	2019/1/31	01	420	715,000
    JPY	715,000
    JPY	415,000
    JPYExhibit 10.3

 

Loan Agreement Certification

 

	(1)  Loan Amount	50,000,000 JPY
	(2)  Use	Long-term Working Capital
	(3)  Due Date	2021/6/30
	(4)  Repayment	The 1st repayment is on 2016/8/31. After the day, repayment will be made on the last day of each month with 840,000 JPY installments and the balance will be paid off by the deadline.
	(5)  Rate	1.10% per year
	(6)  Interest Payment Method and Period	After July 31, 2016 as the first payment, the previous month's payment will be deferred on the last day of every month.
	(7)  Interest Rate when Conditions are Violated	2.00% per year
	(8)  Other Contract Terms	 

 

June 30, 2016

 

	Address:	1-9-4, Ote-Cho, Tiyoda-Ku, Tokyo
	The Bank:	Japan Finance Corporation
	 	41-1, Senzunakacho, Adachi-ku, Tokyo,
	 	Senzun Branch.
	 	Manager
	 	Small and medium-sized enterprise business supervisor: /s/ Isono Kazuhiko

 

Yoshitsu Co., Ltd

Representative Director: /s/ Mei KanayamaExhibit 10.4

 

Loan Agreement Certification

 

	(1)  Loan Amount	260,000,000 JPY
	(2)  Use	Long-term Working Capital
	(3)  Due Date	2022/5/31
	(4)  Repayment	The 1st repayment is on 2017/7/31. From the 2nd time, every repayment date is the last day of each month, with an installment payment of 4,400,000 JPY, and the balance will be paid off by the deadline.
	(5)  Rate	
    The rate consists of two parts:

    One is 1.41% for the amount 140,000,000 JPY,

    the other one is 1.91% for the amount 120,000,000
    JPY

	(6)  Interest Payment Method and Period	The first interest repayment is from 2017/6/30, deferred payment for the previous month on the last day of every month.
	(7)  Interest Rate when Conditions are Violated	
    The rate consists of two parts:

    One is 1.91% for the amount 140,000,000 JPY,

    the other one is 1.91% for the amount 120,000,000
    JPY

	(8)  Other Contract Terms	 

 

June 8, 2017

 

	Address:	1-9-4, Ote-Cho, Tiyoda-Ku, Tokyo
	The Bank:	Japan Finance Corporation
	 	41-1, Senzunakacho, Adachi-ku, Tokyo, 
	 	Senzun Branch.
	 	Manager
	 	Small and medium-sized enterprise business supervisor: /s/ Isono Kazuhiko

 

Yoshitsu Co., Ltd

Representative Director: /s/ Mei Kanayama

 

Usage of the Loan

This Loan borrowed on 2017/6/8 was finance as
funds used for the following business. The borrower should not divert it to others.

 

	Type	Use	Amount
	Overseas expansion management plan	Long-term working Capital	260,000,000 JPYExhibit 10.5

 

Certification of Loan Agreement with Subordinated
Debt

 

	(1)Amount of Loan	¥200,000,000
	(2)Use of Loan	Long-term Working Capital
	(3)Payment Schedule	7/31/2023
	(4)Redemption Method	Bullet Repayment
	(5)Interest Rate	
    Annual Rate 4.25%

     

    However, interest rate that starts on 22 June
    2019 is stipulated in Article 19 of the Capital Loan Agreement

	(6)Interest Payment Method and Schedule	The initial interest payment is to be 31 July 2018. The payment hereafter shall be implemented before the end of every month. Additionally, it is to be deferred payment.  
	(7)Other Contract Terms	 

 

Yoshitsu Co., Ltd (hereinafter
referred to as the “Client”) borrowed a specific amount of loan from Japan Finance Corporation (hereinafter referred to as the
“Bank”) on the conditions prescribed in the previous document.

 

As a proof of the conclusion
of this contract, a copy of this document will be prepared. The Bank keeps the original contract, the Client keeps the copy.

 

June 22, 2018

 

A:Otemachi 1-9-4,Chiyoda-Ku,Tokyo

Japan Finance Corporation

Senju Nakacho 41-1,Adachi-Ku,Tokyo

Senju branch of Japan Finance Corporation

Manager: /s/ Isono Kazuhiko

 

B: Sato Bld 1F, Kameido 2-44-10,Tokyo 1360071

Yoshitsu Co., Ltd

President: /s/ Kanayama Mei

 

    

     

    

 

Capital Loan Agreement (Special Provisions)

 

(Loan)

 

Article 1

 

(1) The Client deposits
the amount of Loan prescribed in the previous document in the Bank.

 

(2) The Bank lend the Loan which defined in the
Use of Loan Document to the Client.

 

(3) The Client receive
the Loan by showing checks to the Bank. The Bank is not responsible for the loss happened in lending progress, as long as the check is
the same thing with the sample which the Bank keeps.

 

(4) The Client shall
not transfer the recipient right which is a right to receive the Loan from the Bank to anyone else.

 

(5) There is no interest
on the Loan deposited in the Bank.

 

(6) The Client
agrees that in case in the event an order or notice of attachment, whether provisional, preservative or otherwise, is dispatched to
the Bank at any time with respect to the client’s Loan with the Bank, any and all amounts which the Client may then owe the Bank
shall immediately become due and payable by acceleration.

 

(Prepayment)

 

Article 2

 

		(1)	The Client does not pay off all or part of the
debts before the deadline without the consent of the Bank.

 

		(2)	In the event the Client make a prepayment with the
Bank approval, the commission shall be paid to the Bank immediately.

 

		(3)	In the event a third party make a prepayment, the
regulations mentioned in Article 2 (1) and (2) shall be complied with.

 

(prevention of Antisocial Forces)

 

Article 2-2

 

		(1)	The Client hereby declares that it does not fall under any of the categories of an organized crime group,
a member of an organized crime group, a person for whom five years have not elapsed since the time the person ceased to be a member of
an organized crime group, an associate of an organized crime group, a company affiliated with an organized crime group, a corporate racketeer,
etc., a hoodlum disguised as a supporter of a social movement, etc., or white-collar crime group, etc., or any other person/entity similar
to any of the above (hereinafter collectively referred to as “organized crime Group Member, etc.”), or falls under any of the
following categories, at present and assures the same into the future :

 

(i) an entity
that has a recognizable relationship with an Organized Crime Group Member, etc., in which the management of the entity is controlled by
the Organized Crime Group Member, etc.;

 

    2

     

    

 

(ii) an entity that has
a recognizable relationship with an Organized Crime Group

Member, etc., in which the organized
crime Group Member, etc., is substantially involved in the management of the entity;

 

(iii) an entity
or person that has a recognizable relationship with an Organized Crime Group Member, etc., in which the entity or person wrongfully uses
an Organized Crime Group Member, etc., for such purposes as unfairly benefiting the entity or Person itself, the entity’s or the person’s
own company or a third party, or causing damage to a third party;

 

(iv) an entity
or person that has a recognizable relationship with an Organized Crime Group Member, etc., in which the entity or person provides funds,
etc. or other benefits to the Organized Crime Group Member, etc.; or

 

(v) an entity
of which a board member, etc. or any other person who is substantially involved in the management of the entity has a socially condemnable
relationship with an Organized Crime Group Member, etc.

 

		(2)	The Client hereby assures that it will not perform any of the following acts by itself or by using a third
party:

 

(i) act of making demands
in a violent manner ;

 

(ii) act of
making unreasonable demands beyond the legal responsibility of the demanded party;

 

(iii) act of using
threatening language/behavior or using violence in relation to transactions;

 

(iv) act of discrediting
the Bank or disrupting the Bank’s operations by spreading rumors, using fraudulent means or force; or

 

(V) any other activities
similar to any of the above.

 

(3) The Bank may
be exempted from liability or responsibility regarding any and damages of the Client caused by application of Article 3 (v). The
Client agrees that any and all damage to the Bank caused by application of Article 3 (v) shall always rest on the Client.

 

(Events of Default
and Acceleration)

 

Article 3 

 

		(1)	The Client agrees that in case where any of the following events occurs at any time with respect to the Client,
any and all amounts which the Client may then owe the Bank shall immediately become due and payable by acceleration without any notice
or demand from the Bank, which notice or demand the Client hereby irrevocably waives, and the Client shall promptly pay the same to the
Bank :

 

(i) ln the
event the Client suspends payment in a petition for the Client’s bankruptcy, civil rehabilitation, cooperate reorganization or special
liquidation is filed by or against the Client;

 

(ii) ln the event the Client
suspends payment in general;

 

    3

     

    

 

(iii) ln the
event the Client is disqualified by any clearing house (tegata koukanjo) or by an electronic monetary claim recording institution equivalent
to it to deal in or with notes or bills, or electronically recorded monetary claims through banking institutions; and

 

(iv) The
Client still further agrees that in the event any of the notices or demands mentioned above given or made to make any amount owed by the
Client to the Bank immediately due and payable by acceleration is delayed in delivery or fails to reach its intended recipient due to
any fault on the Client’s part including but not limited to its failure to inform the Bank of its new address in a timely manner, such
amount shall become immediately due and payable by acceleration when such notice or demand would have reached its intended recipient in
the ordinary course of mail.

 

		(2)	The Client agrees that in case where any of the following events occurs at any time with respect to the
Client, any and all amounts which the Client may then owe the Bank shall immediately become due and payable by acceleration with a notice
or demand from the Bank, which notice or demand the Client hereby irrevocably waives, and the Client shall promptly pay the same to the
Bank:

 

(i) the
Client use the loan in situations which violated the regulations in Article 4, or hasn’t used the loan for a long term;

 

(ii) the
Client does not repay this loan obligation, any incidental obligations, or any other obligations to A on the due date;

 

(iii) the
Client doesn’t comply with the terms in this Capital Loan Agreement, or the demands of the Bank;

 

(iii-2)
the Client meets the conditions stipulated in Article 2 (ii);

 

(iv) the
Client makes a false offer or report to the Bank, or fails to offer or report the necessary facts before borrowing or paying off all the
borrowed debt;

 

(v) the
Client falls under any of the categories mentioned in Article 2 (1), or performs any of the acts mentioned in Article 2 (2), or is found
to have made a false statement in connection with any declaration/assurance under Article 2 (2);

 

(vi) an order
or notice of attachment, whether provisional, preservative or otherwise, is dispatched to the Bank at any time with respect to any of
the Client’s deposits with the Bank and/or any amount which the Bank then owes the Client, or at the time of death or dissolution of the
Client.

 

(vii) the
Client violates the regulations regarding Article 11 to Article 14.

 

(viii) the Management
Improvement Plan of Article 21 could not be achieved

without a reasonable reason.

 

(ix) the
Bank has reasons to believe that it is otherwise compelled to declare such acceleration for the Protection of any of the claims, rights
and interests which it may have against the Client.

 

(Use of Loan)

 

Article 4

 

(1) The Client shall
use the Loan exclusively for the purpose mentioned in the previous document at the beginning of this Agreement and the Use of Loan Document.

 

(2) The Client shall not use the Loan in
the following cases:

 

(i) in the event
the use is not related or not directly related to the Client’s business;

   

(ii)
in the event the use is to repay some other debts;

 

(iii) in the event the use is to lend to a
third party or to make speculative trading.

 

    4

     

    

 

		(3)	The Client shall clarify the purpose of use clearly in accounting.

 

(Market Interest)

 

Article 5

 

The rate of interest under or with respect to
any banking transaction between the Client and the Bank and the method and/or date(s) of payment, and the Client shall raise no objections
to such application.

 

 

(Late Payment Penalty)

 

Article 6

 

The Client agrees that in the event it fails to
pay the Bank any amount which it owes the Bank on the due date, the client shall Pay the Bank default interest on the overdue amount,
which default interest shall accrue at the rate of 8.9% per annum based on actual days elapsed until full Payment by the client of the
overdue amount, except there is a consent from the bank.

 

(Unsecured Special Terms)

 

Article 7

 

		(1)	This debt is not including in the Client’s revolving mortgages. New revolving mortgages will be
set neither.

 

		(2)	Both the Bank and the Client assures that there is not any third party’s guarantee. The Client shall
not entrust the debt to a third party.

 

(Subordinated Special Terms)

 

Article 8

 

In case the Client goes bankrupt, the repayment
for this Loan shall be later than other debts.

 

(Order of Application designated by the Bank)

 

Article 9

 

In the event it is found at the time of any payment
by the Client or any setoff or deduction that any sum paid by the Client or the then credit balance of its account with the Bank, as the
case may be, is insufficient to fully pay off any and all amounts which the Client owes the Bank, the Bank may apply such sum or credit
balance for the payment of such amounts or any portion thereof in such application order as it may consider appropriate under the circumstances,
and the Client shall raise no objections whatsoever to such application. 

 

    5

     

    

 

(Transfer of Receivables)

 

Article 10

 

The Client shall raise no objections to the case
that the Bank transfer the receivables to any other third party.

 

(Representations and Warranties)

 

Article 11

 

The Client represents and warrants to the Bank
as follows:

 

(i) the
conclusion and implement of this Agreement shall respect all procedures stipulated in the Companies Act and all other laws and regulations,
the Articles of Incorporation of the Client and other internal provisions properly. The contractual restrictions with any person shall
not be violated.

  
 

(ii) the contents of the documents and reports submitted to the Bank are true and accurate.

 

(Notifications
and Reports)

 

Article 12

 

		(1)	The Client agrees that when there arises any change in any of the matters previously registered or notified
to or with the Bank hereunder including but not limited to the Client’s authori2ed seal or signature, name, corporate name, the name of
the Client’s representative officer or any of the Client’s authorized signatories and the Client’s address, the Client shall Promptly
notify the Bank of such change in writing.

 

		(2)	If any of the following items apply, the Client shall promptly report to the Bank.

 

(i) When
there is a risk of significant changes in the status of the Client’s assets or business. 

 

(ii) When receiving instructions
from the Bank.

 

		(3)	If any notice or other communication issued or sent by the Bank hereunder to the Client shall have been
delayed in delivery or failed to reach it because of any failure on the Client’s part including but not limited to its failure to notify
the Bank of any such change in a timely manner, the same shall nevertheless be deemed to have reached the Client at the time when the
same would have otherwise reached in the ordinary course of mail.

 

(Reporting and Investigations)

 

Article 13

 

		(1)	The Client shall submit the following documents to the Bank with 3 months after the end of every fiscal
year: Balance Sheet, Profit and Loss Statement, Business Report, Statement of changes in shareholders’ equity, etc. and Annex, Tax Return
Application.

 

		(2)	The Client shall prepare the relevant documents necessary for the Bank to judge the business conditions
and report them quarterly. If the Bank deems it necessary, a cash schedule, and a financial institution transaction status table will
be reported quarterly either.

 

		(3)	If the Bank deems it necessary, the Bank shall be able to enter the Client’s office, factory, business
establishment, and other necessary places to investigate the business status document books and other necessary matters, and in this case,
the Client shall provide convenience to the Bank.

 

    6

     

    

 

(Compliance)

 

Article 14 

 

The Client pledge to respect the following terms:

 

(i) The Client
shall create and maintain accounting books, etc. that accurately describe transactions, assets, liabilities, etc. in accordance with the
Companies Act and other laws and regulations and fair accounting practices.

 

(ii)
If the Client’s business performance continued to be judged as category C of Article 18-2 for either 2 or 3 years, the Bank shall
direct the Client to make management improvement in each case, and the Client shall work on management improvement stipulated in Article
21.

 

(Cost)

 

Article 15 

 

		(1)	The Client shall bear all costs related to the Loan.

 

		(2)	If then Bank made any advance payment for preparation of notarial deed or a debt protection which commissioned
by the Client, then the Client shall pay the Bank the amount of the advance payment with interest accrue at the rate of 8.9% per annum
based in a year of 365 days.

 

(Calculation of Interest)

 

Article 16

 

Irrespective of regular year of leap year, interest
shall be calculated using the formula shown on the right.

 

(Preparation of Notarial Deed)

 

Article 17

 

If the Bank so demands, the Client shall forthwith
make necessary arrangement to prepare a notarial deed authorizing compulsory execution regarding obligations under this Agreement.

 

(Sincerity Consultation)

 

Article 18

 

If there is any matter not stipulated in this
Agreement or any doubt regarding the interpretation of this Agreement, the Bank and the Client will resolve it with sincerity consultation.

 

    7

     

    

 

(Business Performance and Success judgment
classification)

 

Article 18-2

 

	Business Performance	Success Judgment Classification
	Total capital used Ordinary income before depreciation is over 5%	A
	Total capital used Ordinary income before depreciation is more than 0% but less than 5%	B
	Total capital used Ordinary income before depreciation is less than 0%	C

 

(Interest Rate)

 

Article 19

 

	Success judgment classification	Interest Rate (%)
	A	4.25/year
	B	3.20/year
	C	0.4/year

 

(Violation Penalty)

 

Article 20

 

The Client agrees that in case where the Client falls
under any of the categories mentioned in Article 18-2 (2) above or is found to have made a false statement in connection with any declaration
to the Bank, any and all amounts which the client may then owe the Bank shall, upon the Bank’s demand, immediately become due and payable
by acceleration and the client shall promptly pay the same to the Bank with the interests prescribed in Article 4 (6) of the Checking
List regarding Use of Loan.

 

(Submission and Initiatives of Management)

 

Article 21

 

		(1)	If the Client is classified in category C mentioned in Article 18-2 for 2 year, it shall submit a management
improvement plan that describes the current issues, solutions to the issues, the expected time to resolve the issues, etc. to the bank,
and work on management improvement according to the plan.

 

		(2)	If the Client is classified in category C mentioned in Article 18-2 for 3 years, except the requirements
prescribed in Article 21 (1), income and expenditure plan, cash flow schedule, fund procurement plan, capital investment plan, profitable
plan shall be submitted either.

 

    8

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