Document:

Exhibit
4.3

 

SERIES
B COMMON SHARE PURCHASE WARRANT

 

	Warrant
    Shares: ______	Initial
    Exercise Date: _________ __, 2021

 

THIS
SERIES B COMMON SHARE PURCHASE WARRANT (the “Warrant”) certifies that, for value received, _____________ or its assigns
(the “Holder”) is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter
set forth, at any time on or after the date hereof (the “Initial Exercise Date”) and on or prior to 5:00 p.m. (New
York City time) on ________ __, 20261 (the “Termination Date”) but not thereafter, to subscribe for
and purchase from ABVC BioPharma, Inc., a Nevada corporation (the “Company”), up to ______ Common Shares (as subject
to adjustment hereunder, the “Warrant Shares”). The purchase price of one Common Share under this Warrant shall be
equal to the Exercise Price, as defined in Section 2(b). This Warrant shall initially be issued and maintained in the form of a security
held in book-entry form and the Depository Trust Company or its nominee (“DTC”) shall initially be the sole registered
holder of this Warrant, subject to a Holder’s right to elect to receive a Warrant in certificated form pursuant to the terms of
the Warrant Agency Agreement, in which case this sentence shall not apply.

 

Section
1. Definitions. In addition to the terms defined elsewhere in this Warrant, the following terms have the meanings indicated
in this Section 1:

 

“Affiliate”
means any Person that, directly or indirectly through one or more intermediaries, controls or is controlled by or is under common control
with a Person, as such terms are used in and construed under Rule 405 under the Securities Act.

 

“Bid
Price” means, for any date, the price determined by the first of the following clauses that applies: (a) if the Common Shares
are then listed or quoted on a Trading Market, the bid price of the Common Shares for the time in question (or the nearest preceding
date) on the Trading Market on which the Common Shares are then listed or quoted as reported by Bloomberg L.P. (based on a Trading Day
from 9:30 a.m. (New York City time) to 4:02 p.m. (New York City time)), (b) if OTCQB or OTCQX is not a Trading Market, the volume weighted
average price of the Common Shares for such date (or the nearest preceding date) on OTCQB or OTCQX as applicable, (c) if the Common Shares
are not then listed or quoted for trading on OTCQB or OTCQX and if prices for the Common Shares are then reported on the Pink Open Market
(or a similar organization or agency succeeding to its functions of reporting prices), the most recent bid price per Common Share so
reported, or (d) in all other cases, the fair market value of an Common Share as determined by an independent appraiser selected in good
faith by the Holders of a majority in interest of the Warrants then outstanding and reasonably acceptable to the Company, the fees and
expenses of which shall be paid by the Company.

 

“Board
of Directors” means the board of directors of the Company.

 

“Business
Day” means any day other than Saturday, Sunday or other day on which commercial banks in The City of New York are authorized
or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed
to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential
employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental
authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York
generally are open for use by customers on such day.

 

“Commission”
means the United States Securities and Exchange Commission.

 

“Exchange
Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.

 

“Common
Shares” means the Common shares of the Company, par value $0.001 per share, and any other class of securities into which such
securities may hereafter be reclassified or changed.

 

     

     

    

 

“Common
Share Equivalents” means any securities of the Company or the Subsidiaries which would entitle the holder thereof to acquire
at any time Common Shares, including, without limitation, any debt, preferred stock, right, option, warrant or other instrument that
is at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Common Shares.

 

“Person”
means an individual or corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited liability
company, joint stock company, government (or an agency or subdivision thereof) or other entity of any kind.

 

“Registration
Statement” means the Company’s registration statement on Form S-1, as amended (File No. 333-255112).

 

“Securities
Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

 

“Subsidiary”
means any subsidiary of the Company and shall, where applicable, also include any direct or indirect subsidiary of the Company formed
or acquired after the date hereof.

 

“Trading
Day” means a day on which the Common Shares are traded on a Trading Market.

  

“Trading
Market” means any of the following markets or exchanges on which the Common Shares are listed or quoted for trading on the
date in question: the NYSE American, the Nasdaq Capital Market, the Nasdaq Global Market, the Nasdaq Global Select Market or the New
York Stock Exchange (or any successors to any of the foregoing).

 

“Transfer
Agent” means VStock Transfer, LLC, the current transfer agent of the Company, with a mailing address of 18 Lafayette Place,
Woodmere, NY 11598 and a facsimile number of (646) 536-3179, and any successor transfer agent of the Company.

 

“Underwriting
Agreement” means the underwriting agreement, dated as of _________, 2021, among the Company and WallachBeth Capital, LLC as
representative of the underwriters named therein, as amended, modified or supplemented from time to time in accordance with its terms.

 

“VWAP”
means, for any date, the price determined by the first of the following clauses that applies: (a) if the Common Shares are then listed
or quoted on a Trading Market, the daily volume weighted average price of the Common Shares for such date (or the nearest preceding date)
on the Trading Market on which the Common Shares are then listed or quoted as reported by Bloomberg L.P. (based on a Trading Day from
9:30 a.m. (New York City time) to 4:02 p.m. (New York City time)), (b) if OTCQB or OTCQX is not a Trading Market, the volume weighted
average price of the Common Shares for such date (or the nearest preceding date) on OTCQB or OTCQX as applicable, (c) if the Common Shares
are not then listed or quoted for trading on OTCQB or OTCQX and if prices for the Common Shares are then reported on the Pink Open Market
(or a similar organization or agency succeeding to its functions of reporting prices), the most recent bid price per Common Share so
reported, or (d) in all other cases, the fair market value of an Common Share as determined by an independent appraiser selected in good
faith by the holders of a majority in interest of the Warrants then outstanding and reasonably acceptable to the Company, the fees and
expenses of which shall be paid by the Company.

 

“Warrant
Agency Agreement” means that certain warrant agency agreement, dated on or about the Initial Exercise Date, between the Company
and the Warrant Agent.

 

“Warrant
Agent” means the Transfer Agent and any successor warrant agent of the Company.

 

“Warrants”
means this Warrant and other Common Share purchase warrants issued by the Company pursuant to the Registration Statement.

  

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Section
2. Exercise.

 

a) Exercise
of Warrant. Exercise of the purchase rights represented by this Warrant may be made, in whole or in part, at any time or times on
or after the Initial Exercise Date and on or before the Termination Date by delivery to the Company of a duly executed facsimile copy
or PDF copy submitted by e-mail (or e-mail attachment) of the Notice of Exercise in the form annexed hereto (the “Notice of
Exercise”). Within the earlier of (i) two (2) Trading Days and (ii) the number of Trading Days comprising the Standard Settlement
Period (as defined in Section 2(d)(i) herein) following the date of exercise as aforesaid, the Holder shall deliver the aggregate Exercise
Price for the shares specified in the applicable Notice of Exercise by wire transfer or cashier’s check drawn on a United States
bank unless the cashless exercise procedure specified in Section 2(c) below is specified in the applicable Notice of Exercise. No ink-original
Notice of Exercise shall be required, nor shall any medallion guarantee (or other type of guarantee or notarization) of any Notice of
Exercise be required. Notwithstanding anything herein to the contrary, the Holder shall not be required to physically surrender this
Warrant to the Company until the Holder has purchased all of the Warrant Shares available hereunder and the Warrant has been exercised
in full, in which case, the Holder shall surrender this Warrant to the Company for cancellation within three (3) Trading Days of the
date on which the final Notice of Exercise is delivered to the Company. Partial exercises of this Warrant resulting in purchases of a
portion of the total number of Warrant Shares available hereunder shall have the effect of lowering the outstanding number of Warrant
Shares purchasable hereunder in an amount equal to the applicable number of Warrant Shares purchased. The Holder and the Company shall
maintain records showing the number of Warrant Shares purchased and the date of such purchases. The Company shall deliver any objection
to any Notice of Exercise within one (1) Business Day of receipt of such notice. Notwithstanding the foregoing, with respect to any Notice(s)
of Exercise delivered on or prior to 4:00 p.m. (New York City time) on the Trading Date prior to the Initial Exercise Date, which may
be delivered at any time after the time of execution of the Purchase Agreement, the Company agrees to deliver the Warrant Shares subject
to such notice(s) by 4:00 p.m. (New York City time) on the Initial Exercise Date and the Initial Exercise Date shall be the Warrant Share
Delivery Date for purposes hereunder, provided that payment of the aggregate Exercise Price (other than in the case of a cashless exercise)
is received by such Warrant Share Delivery Date. The Holder and any assignee, by acceptance of this Warrant, acknowledge and
agree that, by reason of the provisions of this paragraph, following the purchase of a portion of the Warrant Shares hereunder, the number
of Warrant Shares available for purchase hereunder at any given time may be less than the amount stated on the face hereof.

 

Notwithstanding
the foregoing in this Section 2(a), a holder whose interest in this Warrant is a beneficial interest in certificate(s) representing this
Warrant held in book-entry form through DTC (or another established clearing corporation performing similar functions), shall effect
exercises made pursuant to this Section 2(a) by delivering to DTC (or such other clearing corporation, as applicable) the appropriate
instruction form for exercise, complying with the procedures to effect exercise that are required by DTC (or such other clearing corporation,
as applicable), subject to a Holder’s right to elect to receive a Warrant in certificated form pursuant to the terms of the Warrant
Agency Agreement, in which case this sentence shall not apply.

 

b) Exercise
Price. The exercise price per Common Share under this Warrant shall be $[10.00], subject to adjustment hereunder (the “Exercise
Price”).

  

c) Cashless
Exercise. If at the time of exercise hereof there is no effective registration statement registering, or the prospectus contained
therein is not available for the issuance of the Warrant Shares to the Holder, then this Warrant may also be exercised, in whole or in
part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive a number of Warrant
Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

 

	 	(A)
    =	as
    applicable: (i) the VWAP on the Trading Day immediately preceding the date of the applicable Notice of Exercise if such Notice of
    Exercise is (1) both executed and delivered pursuant to Section 2(a) hereof on a day that is not a Trading Day or (2) both executed
    and delivered pursuant to Section 2(a) hereof on a Trading Day prior to the opening of “regular trading hours” (as defined
    in Rule 600(b)(68) of Regulation NMS promulgated under the federal securities laws) on such Trading Day, (ii) at the option of the
    Holder, either (y) the VWAP on the Trading Day immediately preceding the date of the applicable Notice of Exercise or (z) the Bid
    Price of the Common Shares on the principal Trading Market as reported by Bloomberg L.P. as of the time of the Holder’s execution
    of the applicable Notice of Exercise if such Notice of Exercise is executed during “regular trading hours” on a Trading
    Day and is delivered within two (2) hours thereafter (including until two (2) hours after the close of “regular trading hours”
    on a Trading Day) pursuant to Section 2(a) hereof or (iii) the VWAP on the date of the applicable Notice of Exercise if the date
    of such Notice of Exercise is a Trading Day and such Notice of Exercise is both executed and delivered pursuant to Section 2(a) hereof
    after the close of “regular trading hours” on such Trading Day;

 

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	 	(B)
    =	the
    Exercise Price of this Warrant, as adjusted hereunder; and
	 	 	 
	 	(X)
    =	the
    number of Warrant Shares that would be issuable upon exercise of this Warrant in accordance with the terms of this Warrant if such
    exercise were by means of a cash exercise rather than a cashless exercise.

 

Notwithstanding
anything to the contrary herein, a “cashless exercise” may occur after the earlier of (i) 15 Trading Days from the Initial
Exercise Date of this Warrant or (ii) the time when $10.0 million of volume is traded in the Common Shares, if the VWAP of the Common
Shares on any Trading Day on or after the Initial Exercise Date fails to exceed the Exercise Price in effect as of the Initial Exercise
Date (subject to adjustment for any stock splits, stock dividends, stock combinations, recapitalizations and similar events). In such
event, the aggregate number of Warrant Shares issuable in such cashless exercise pursuant to any given Notice of Exercise electing to
effect a cashless exercise shall equal the product of (x) the aggregate number of Warrant Shares that would be issuable upon exercise
of this Warrant in accordance with the terms of this Warrant if such exercise were by means of a cash exercise rather than a cashless
exercise and (y) 1.00.

 

If
Warrant Shares are issued in such a cashless exercise, the parties acknowledge and agree that in accordance with Section 3(a)(9) of the
Securities Act, the Warrant Shares shall take on the registered characteristics of the Warrants being exercised. The Company agrees not
to take any position contrary to this Section 2(c).

 

d) Mechanics
of Exercise.

 

i. Delivery
of Warrant Shares Upon Exercise. The Company shall cause the Warrant Shares purchased hereunder to be transmitted by the Transfer
Agent to the Holder by crediting the account of the Holder’s or its designee’s balance account with The Depository Trust
Company through its Deposit or Withdrawal at Custodian system (“DWAC”) if the Company is then a participant in such
system and either (A) there is an effective registration statement permitting the issuance of the Warrant Shares to or resale of the
Warrant Shares by Holder or (B) this Warrant is being exercised via cashless exercise, and otherwise by physical delivery of a certificate,
registered in the Company’s share register in the name of the Holder or its designee, for the number of Warrant Shares to which
the Holder is entitled pursuant to such exercise to the address specified by the Holder in the Notice of Exercise by the date that is
the earliest of (i) two (2) Trading Days after the delivery to the Company of the Notice of Exercise, (ii) one (1) Trading Day after
delivery of the aggregate Exercise Price to the Company and (iii) the number of Trading Days comprising the Standard Settlement Period
after the delivery to the Company of the Notice of Exercise (such date, the “Warrant Share Delivery Date”). Upon delivery
of the Notice of Exercise, the Holder shall be deemed for all corporate purposes to have become the holder of record of the Warrant Shares
with respect to which this Warrant has been exercised, irrespective of the date of delivery of the Warrant Shares, provided that payment
of the aggregate Exercise Price (other than in the case of a cashless exercise) is received within the earlier of (i) two (2) Trading
Days and (ii) the number of Trading Days comprising the Standard Settlement Period following delivery of the Notice of Exercise. If the
Company fails for any reason to deliver to the Holder the Warrant Shares subject to a Notice of Exercise by the Warrant Share Delivery
Date, the Company shall pay to the Holder, in cash, as liquidated damages and not as a penalty, for each $1,000 of Warrant Shares subject
to such exercise (based on the VWAP of the Common Shares on the date of the applicable Notice of Exercise), $10 per Trading Day (increasing
to $20 per Trading Day on the fifth Trading Day after such liquidated damages begin to accrue) for each Trading Day after such Warrant
Share Delivery Date until such Warrant Shares are delivered or Holder rescinds such exercise. The Company agrees to maintain a transfer
agent that is a participant in the FAST program so long as this Warrant remains outstanding and exercisable. As used herein, “Standard
Settlement Period” means the standard settlement period, expressed in a number of Trading Days, on the Company’s primary
Trading Market with respect to the Common Shares as in effect on the date of delivery of the Notice of Exercise.

 

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ii. Delivery
of New Warrants Upon Exercise. If this Warrant shall have been exercised in part, the Company shall, at the request of a Holder and
upon surrender of this Warrant certificate, at the time of delivery of the Warrant Shares, deliver to the Holder a new Warrant evidencing
the rights of the Holder to purchase the unpurchased Warrant Shares called for by this Warrant, which new Warrant shall in all other
respects be identical with this Warrant.

 

iii. Rescission
Rights. If the Company fails to cause the Transfer Agent to transmit to the Holder the Warrant Shares pursuant to Section 2(d)(i)
by the Warrant Share Delivery Date, then the Holder will have the right to rescind such exercise.

  

iv. Compensation
for Buy-In on Failure to Timely Deliver Warrant Shares Upon Exercise. In addition to any other rights available to the Holder, if
the Company fails to cause the Transfer Agent to transmit to the Holder the Warrant Shares in accordance with the provisions of Section
2(d)(i) above pursuant to an exercise on or before the Warrant Share Delivery Date, and if after such date the Holder is required by
its broker to purchase (in an open market transaction or otherwise) or the Holder’s brokerage firm otherwise purchases, Common
Shares to deliver in satisfaction of a sale by the Holder of the Warrant Shares which the Holder anticipated receiving upon such exercise
(a “Buy-In”), then the Company shall (A) pay in cash to the Holder the amount, if any, by which (x) the Holder’s
total purchase price (including brokerage commissions, if any) for the Common Shares so purchased exceeds (y) the amount obtained by
multiplying (1) the number of Warrant Shares that the Company was required to deliver to the Holder in connection with the exercise at
issue times (2) the price at which the sell order giving rise to such purchase obligation was executed, and (B) at the option of the
Holder, either reinstate the portion of the Warrant and equivalent number of Warrant Shares for which such exercise was not honored (in
which case such exercise shall be deemed rescinded) or deliver to the Holder the number of Common Shares that would have been issued
had the Company timely complied with its exercise and delivery obligations hereunder. For example, if the Holder purchases Common Shares
having a total purchase price of $11,000 to cover a Buy-In with respect to an attempted exercise of Common Shares with an aggregate sale
price giving rise to such purchase obligation of $10,000, under clause (A) of the immediately preceding sentence the Company shall be
required to pay the Holder $1,000. The Holder shall provide the Company written notice indicating the amounts payable to the Holder in
respect of the Buy-In and, upon request of the Company, evidence of the amount of such loss. Nothing herein shall limit a Holder’s
right to pursue any other remedies available to it hereunder, at law or in equity including, without limitation, a decree of specific
performance and/or injunctive relief with respect to the Company’s failure to timely deliver Common Shares upon exercise of the
Warrant as required pursuant to the terms hereof.

 

v. No
Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise of this
Warrant. As to any fraction of a share which the Holder would otherwise be entitled to purchase upon such exercise, the Company shall,
at its election, either pay a cash adjustment in respect of such final fraction in an amount equal to such fraction multiplied by the
Exercise Price or round up to the next whole share.

  

vi. Charges,
Taxes and Expenses. Issuance of Warrant Shares shall be made without charge to the Holder for any issue or transfer tax or other
incidental expense in respect of the issuance of such Warrant Shares, all of which taxes and expenses shall be paid by the Company, and
such Warrant Shares shall be issued in the name of the Holder or in such name or names as may be directed by the Holder; provided, however,
that, in the event that Warrant Shares are to be issued in a name other than the name of the Holder, this Warrant when surrendered for
exercise shall be accompanied by the Assignment Form attached hereto duly executed by the Holder and the Company may require, as a condition
thereto, the payment of a sum sufficient to reimburse it for any transfer tax incidental thereto. The Company shall pay all Transfer
Agent fees required for same-day processing of any Notice of Exercise and all fees to the Depository Trust Company (or another established
clearing corporation performing similar functions) required for same-day electronic delivery of the Warrant Shares.

 

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vii. Closing
of Books. The Company will not close its shareholder books or records in any manner which prevents the timely exercise of this Warrant,
pursuant to the terms hereof.

 

e) Holder’s
Exercise Limitations. The Company shall not effect any exercise of this Warrant, and a Holder shall not have the right to exercise
any portion of this Warrant, pursuant to Section 2 or otherwise, to the extent that after giving effect to such issuance after exercise
as set forth on the applicable Notice of Exercise, the Holder (together with the Holder’s Affiliates, and any other Persons acting
as a group together with the Holder or any of the Holder’s Affiliates (such Persons, “Attribution Parties”)),
would beneficially own in excess of the Beneficial Ownership Limitation (as defined below). For purposes of the foregoing sentence, the
number of Common Shares beneficially owned by the Holder and its Affiliates and Attribution Parties shall include the number of Common
Shares issuable upon exercise of this Warrant with respect to which such determination is being made, but shall exclude the number of
Common Shares which would be issuable upon (i) exercise of the remaining, nonexercised portion of this Warrant beneficially owned by
the Holder or any of its Affiliates or Attribution Parties and (ii) exercise or conversion of the unexercised or nonconverted portion
of any other securities of the Company (including, without limitation, any other Common Share Equivalents) subject to a limitation on
conversion or exercise analogous to the limitation contained herein beneficially owned by the Holder or any of its Affiliates or Attribution
Parties. Except as set forth in the preceding sentence, for purposes of this Section 2(e), beneficial ownership shall be calculated in
accordance with Section 13(d) of the Exchange Act and the rules and regulations promulgated thereunder, it being acknowledged by the
Holder that the Company is not representing to the Holder that such calculation is in compliance with Section 13(d) of the Exchange Act
and the Holder is solely responsible for any schedules required to be filed in accordance therewith. To the extent that the limitation
contained in this Section 2(e) applies, the determination of whether this Warrant is exercisable (in relation to other securities owned
by the Holder together with any Affiliates and Attribution Parties) and of which portion of this Warrant is exercisable shall be in the
sole discretion of the Holder, and the submission of a Notice of Exercise shall be deemed to be the Holder’s determination of whether
this Warrant is exercisable (in relation to other securities owned by the Holder together with any Affiliates and Attribution Parties)
and of which portion of this Warrant is exercisable, in each case subject to the Beneficial Ownership Limitation, and the Company shall
have no obligation to verify or confirm the accuracy of such determination. In addition, a determination as to any group status as contemplated
above shall be determined in accordance with Section 13(d) of the Exchange Act and the rules and regulations promulgated thereunder.
For purposes of this Section 2(e), in determining the number of outstanding Common Shares, a Holder may rely on the number of outstanding
Common Shares as reflected in (A) the Company’s most recent periodic or annual report filed with the Commission, as the case may
be, (B) a more recent public announcement by the Company or (C) a more recent written notice by the Company or the Transfer Agent setting
forth the number of Common Shares outstanding. Upon the written or oral request of a Holder, the Company shall within one Trading Day
confirm orally and in writing to the Holder the number of Common Shares then outstanding. In any case, the number of outstanding Common
Shares shall be determined after giving effect to the conversion or exercise of securities of the Company, including this Warrant, by
the Holder or its Affiliates or Attribution Parties since the date as of which such number of outstanding Common Shares was reported.
The “Beneficial Ownership Limitation” shall be 4.99% (or, upon election by a Holder prior to the issuance of any Warrants,
9.99%) of the number of Common Shares outstanding immediately after giving effect to the issuance of Common Shares issuable upon exercise
of this Warrant. The Holder, upon notice to the Company, may increase or decrease the Beneficial Ownership Limitation provisions of this
Section 2(e), provided that the Beneficial Ownership Limitation in no event exceeds 9.99% of the number of Common Shares outstanding
immediately after giving effect to the issuance of Common Shares upon exercise of this Warrant held by the Holder and the provisions
of this Section 2(e) shall continue to apply. Any increase in the Beneficial Ownership Limitation will not be effective until the 61st day
after such notice is delivered to the Company. The provisions of this paragraph shall be construed and implemented in a manner otherwise
than in strict conformity with the terms of this Section 2(e) to correct this paragraph (or any portion hereof) which may be defective
or inconsistent with the intended Beneficial Ownership Limitation herein contained or to make changes or supplements necessary or desirable
to properly give effect to such limitation. The limitations contained in this paragraph shall apply to a successor holder of this Warrant.

 

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Section
3. Certain Adjustments.

 

a) Stock
Dividends and Splits. If the Company, at any time while this Warrant is outstanding: (i) pays a stock dividend or otherwise makes
a distribution or distributions on its Common Shares or any other equity or equity equivalent securities payable in Common Shares (which,
for avoidance of doubt, shall not include any Common Shares issued by the Company upon exercise of this Warrant), (ii) subdivides outstanding
Common Shares into a larger number of shares, (iii) combines (including by way of reverse stock split) outstanding Common Shares into
a smaller number of shares, or (iv) issues by reclassification of Common Shares any shares of capital stock of the Company, then in each
case the Exercise Price shall be multiplied by a fraction of which the numerator shall be the number of Common Shares (excluding treasury
shares, if any) outstanding immediately before such event and of which the denominator shall be the number of Common Shares outstanding
immediately after such event, and the number of shares issuable upon exercise of this Warrant shall be proportionately adjusted such
that the aggregate Exercise Price of this Warrant shall remain unchanged. Any adjustment made pursuant to this Section 3(a) shall become
effective immediately after the record date for the determination of shareholders entitled to receive such dividend or distribution and
shall become effective immediately after the effective date in the case of a subdivision, combination or re-classification.

 

b) Subsequent
Rights Offerings. In addition to any adjustments pursuant to Section 3(a) above, if at any time the Company grants, issues or sells
any Common Share Equivalents or rights to purchase shares, warrants, securities or other property pro rata to the record holders of any
class of Common Shares (the “Purchase Rights”), then the Holder will be entitled to acquire, upon the terms applicable
to such Purchase Rights, the aggregate Purchase Rights which the Holder could have acquired if the Holder had held the number of Common
Shares acquirable upon complete exercise of this Warrant (without regard to any limitations on exercise hereof, including without limitation,
the Beneficial Ownership Limitation) immediately before the date on which a record is taken for the grant, issuance or sale of such Purchase
Rights, or, if no such record is taken, the date as of which the record holders of Common Shares are to be determined for the grant,
issue or sale of such Purchase Rights (provided, however, that, to the extent that the Holder’s right to participate in any such
Purchase Right would result in the Holder exceeding the Beneficial Ownership Limitation, then the Holder shall not be entitled to participate
in such Purchase Right to such extent (or beneficial ownership of such Common Shares as a result of such Purchase Right to such extent)
and such Purchase Right to such extent shall be held in abeyance for the Holder until such time, if ever, as its right thereto would
not result in the Holder exceeding the Beneficial Ownership Limitation).

 

c) Pro
Rata Distributions. During such time as this Warrant is outstanding, if the Company shall declare or make any dividend or other distribution
of its assets (or rights to acquire its assets) to holders of Common Shares, by way of return of capital or otherwise (including, without
limitation, any distribution of cash, stock or other securities, property or options by way of a dividend, spin off, reclassification,
corporate rearrangement, scheme of arrangement or other similar transaction) (a “Distribution”), at any time after
the issuance of this Warrant, then, in each such case, the Holder shall be entitled to participate in such Distribution to the same extent
that the Holder would have participated therein if the Holder had held the number of Common Shares acquirable upon complete exercise
of this Warrant (without regard to any limitations on exercise hereof, including without limitation, the Beneficial Ownership Limitation)
immediately before the date of which a record is taken for such Distribution, or, if no such record is taken, the date as of which the
record holders of Common Shares are to be determined for the participation in such Distribution (provided, however,
that, to the extent that the Holder’s right to participate in any such Distribution would result in the Holder exceeding the Beneficial
Ownership Limitation, then the Holder shall not be entitled to participate in such Distribution to such extent (or in the beneficial
ownership of any Common Shares as a result of such Distribution to such extent) and the portion of such Distribution shall be held in
abeyance for the benefit of the Holder until such time, if ever, as its right thereto would not result in the Holder exceeding the Beneficial
Ownership Limitation).

 

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d) Fundamental
Transaction. If, at any time while this Warrant is outstanding, (i) the Company, directly or indirectly, in one or more related
transactions effects any merger or consolidation of the Company with or into another Person, (ii) the Company or any Subsidiary,
directly or indirectly, effects any sale, lease, license, assignment, transfer, conveyance or other disposition of all or
substantially all of its assets in one or a series of related transactions, (iii) any, direct or indirect, purchase offer, tender
offer or exchange offer (whether by the Company or another Person) is completed pursuant to which holders of Common Shares are
permitted to sell, tender or exchange their shares for other securities, cash or property and has been accepted by the holders of
50% or more of the outstanding Common Shares, (iv) the Company, directly or indirectly, in one or more related transactions effects
any reclassification, reorganization or recapitalization of the Common Shares or any compulsory share exchange pursuant to which the
Common Shares are effectively converted into or exchanged for other securities, cash or property, or (v) the Company, directly or
indirectly, in one or more related transactions consummates a stock or share purchase agreement or other business combination
(including, without limitation, a reorganization, recapitalization, spin-off, merger or scheme of arrangement) with another Person
or group of Persons whereby such other Person or group acquires more than 50% of the outstanding Common Shares (not including any
Common Shares held by the other Person or other Persons making or party to, or associated or affiliated with the other Persons
making or party to, such stock or share purchase agreement or other business combination) (each a “Fundamental
Transaction”), then, upon any subsequent exercise of this Warrant, the Holder shall have the right to receive, for each
Warrant Share that would have been issuable upon such exercise immediately prior to the occurrence of such Fundamental Transaction,
at the option of the Holder (without regard to any limitation in Section 2(e) on the exercise of this Warrant), the number of Common
Shares (or shares of common stock, as applicable) of the successor or acquiring corporation or of the Company, if it is the
surviving corporation, and any additional consideration (the “Alternate Consideration”) receivable as a result of
such Fundamental Transaction by a holder of the number of Common Shares for which this Warrant is exercisable immediately prior to
such Fundamental Transaction (without regard to any limitation in Section 2(e) on the exercise of this Warrant). For purposes of any
such exercise, the determination of the Exercise Price shall be appropriately adjusted to apply to such Alternate Consideration
based on the amount of Alternate Consideration issuable in respect of one Common Share in such Fundamental Transaction, and the
Company shall apportion the Exercise Price among the Alternate Consideration in a reasonable manner reflecting the relative value of
any different components of the Alternate Consideration. If holders of Common Shares are given any choice as to the securities, cash
or property to be received in a Fundamental Transaction, then the Holder shall be given the same choice as to the Alternate
Consideration it receives upon any exercise of this Warrant following such Fundamental Transaction. Notwithstanding anything to the
contrary, in the event of a Fundamental Transaction, the Company or any Successor Entity (as defined below) shall, at the
Holder’s option, exercisable at any time concurrently with, or within 30 days after, the consummation of the Fundamental
Transaction (or, if later, the date of the public announcement of the applicable Fundamental Transaction), purchase this Warrant
from the Holder by paying to the Holder an amount of cash equal to the Black Scholes Value (as defined below) of the remaining
unexercised portion of this Warrant on the date of the consummation of such Fundamental
Transaction; provided, however, that, if the Fundamental Transaction is not within the Company’s
control, including not approved by the Company’s Board of Directors, Holder shall only be entitled to receive from the Company
or any Successor Entity the same type or form of consideration (and in the same proportion), at the Black Scholes Value of the
unexercised portion of this Warrant, that is being offered and paid to the holders of Common Shares of the Company in connection
with the Fundamental Transaction, whether that consideration be in the form of cash, stock or any combination thereof, or whether
the holders of Common Shares are given the choice to receive from among alternative forms of consideration in connection with the
Fundamental Transaction; provided, further, that if holders of Common Shares of the Company are not offered
or paid any consideration in such Fundamental Transaction, such holders of Common Shares will be deemed to have received Common
shares or common stock, as applicable, of the Successor Entity (which Entity may be the Company following such Fundamental
Transaction) in such Fundamental Transaction. “Black Scholes Value” means the value of this Warrant based on the
Black-Scholes Option Pricing Model obtained from the “OV” function on Bloomberg, L.P. (“Bloomberg”)
determined as of the day of consummation of the applicable Fundamental Transaction for pricing purposes and reflecting (A) a
risk-free interest rate corresponding to the U.S. Treasury rate for a period equal to the time between the date of the public
announcement of the applicable Fundamental Transaction and the Termination Date, (B) an expected volatility equal to the greater of
100% and the 100 day volatility obtained from the HVT function on Bloomberg (determined utilizing a 365 day annualization factor) as
of the Trading Day immediately following the public announcement of the applicable Fundamental Transaction, (C) the underlying price
per share used in such calculation shall be the greater of (i) the sum of the price per share being offered in cash, if any, plus
the value of any non-cash consideration, if any, being offered in such Fundamental Transaction and (ii) the highest VWAP during the
period beginning on the Trading Day immediately preceding the announcement of the applicable Fundamental Transaction (or the
consummation of the applicable Fundamental Transaction, if earlier) and ending on the Trading Day of the Holder’s request
pursuant to this Section 3(d) and (D) a remaining option time equal to the time between the date of the public announcement of the
applicable Fundamental Transaction and the Termination Date, and (E) a zero cost of borrow. The payment of the Black Scholes Value
will be made by wire transfer of immediately available funds (or such other consideration) within five Business Days of the
Holder’s election (or, if later, on the date of consummation of the Fundamental Transaction). The Company shall cause any
successor entity in a Fundamental Transaction in which the Company is not the survivor (the “Successor Entity”)
to assume in writing all of the obligations of the Company under this Warrant in accordance with the provisions of this Section 3(d)
pursuant to written agreements in form and substance reasonably satisfactory to the Holder and approved by the Holder (without
unreasonable delay) prior to such Fundamental Transaction and shall, at the option of the Holder, deliver to the Holder in exchange
for this Warrant a security of the Successor Entity evidenced by a written instrument substantially similar in form and substance to
this Warrant which is exercisable for a corresponding number of shares of capital stock of such Successor Entity (or its parent
entity) equivalent to the Common Shares acquirable and receivable upon exercise of this Warrant (without regard to any limitations
on the exercise of this Warrant) prior to such Fundamental Transaction, and with an exercise price which applies the exercise price
hereunder to such shares of capital stock (but taking into account the relative value of the Common Shares pursuant to such
Fundamental Transaction and the value of such shares of capital stock, such number of shares of capital stock and such exercise
price being for the purpose of protecting the economic value of this Warrant immediately prior to the consummation of such
Fundamental Transaction), and which is reasonably satisfactory in form and substance to the Holder. Upon the occurrence of any such
Fundamental Transaction, the Successor Entity shall succeed to, and be substituted for (so that from and after the date of such
Fundamental Transaction, the provisions of this Warrant referring to the “Company” shall refer instead to the Successor
Entity), and may exercise every right and power of the Company and shall assume all of the obligations of the Company under this
Warrant with the same effect as if such Successor Entity had been named as the Company herein.

 

    8

     

    

 

e) Calculations.
All calculations under this Section 3 shall be made to the nearest cent or the nearest 1/100th of a share, as the case may be. For purposes
of this Section 3, the number of Common Shares deemed to be issued and outstanding as of a given date shall be the sum of the number
of Common Shares (excluding treasury shares, if any) issued and outstanding.

 

f) Notice
to Holder.

 

i. Adjustment
to Exercise Price. Whenever the Exercise Price is adjusted pursuant to any provision of this Section 3, the Company shall promptly
deliver to the Holder by facsimile or email a notice setting forth the Exercise Price after such adjustment and any resulting adjustment
to the number of Warrant Shares and setting forth a brief statement of the facts requiring such adjustment.

 

ii. Notice
to Allow Exercise by Holder. If (A) the Company shall declare a dividend (or any other distribution in whatever form) on the Common
Shares, (B) the Company shall declare a special nonrecurring cash dividend on or a redemption of the Common Shares, (C) the Company shall
authorize the granting to all holders of the Common Shares rights or warrants to subscribe for or purchase any shares of capital stock
of any class or of any rights, (D) the approval of any shareholders of the Company shall be required in connection with any reclassification
of the Common Shares, any consolidation or merger to which the Company (or any of its Subsidiaries) is a party, any sale or transfer
of all or substantially all of its assets, or any compulsory share exchange whereby the Common Shares are converted into other securities,
cash or property, or (E) the Company shall authorize the voluntary or involuntary dissolution, liquidation or winding up of the affairs
of the Company, then, in each case, the Company shall cause to be delivered by facsimile or email to the Holder at its last facsimile
number or email address as it shall appear upon the Warrant Register of the Company, at least 20 calendar days prior to the applicable
record or effective date hereinafter specified, a notice stating (x) the date on which a record is to be taken for the purpose of such
dividend, distribution, redemption, rights or warrants, or if a record is not to be taken, the date as of which the holders of the Common
Shares of record to be entitled to such dividend, distributions, redemption, rights or warrants are to be determined or (y) the date
on which such reclassification, consolidation, merger, sale, transfer or share exchange is expected to become effective or close, and
the date as of which it is expected that holders of the Common Shares of record shall be entitled to exchange their Common Shares for
securities, cash or other property deliverable upon such reclassification, consolidation, merger, sale, transfer or share exchange; provided
that the failure to deliver such notice or any defect therein or in the delivery thereof shall not affect the validity of the corporate
action required to be specified in such notice. To the extent that any notice provided in this Warrant constitutes, or contains, material,
non-public information regarding the Company or any of the Subsidiaries, the Company shall simultaneously file such notice with the Commission
pursuant to a Current Report on Form 6-K. The Holder shall remain entitled to exercise this Warrant during the period commencing on the
date of such notice to the effective date of the event triggering such notice except as may otherwise be expressly set forth herein.

 

    9

     

    

 

g) Voluntary
Adjustment By Company. Subject to the rules and regulations of the Trading Market, the Company may at any time during the term of
this Warrant, subject to the prior written consent of the Holder, reduce the then current Exercise Price to any amount and for any period
of time deemed appropriate by the board of directors of the Company.

 

Section
4. Transfer of Warrant.

 

a) Transferability.
This Warrant and all rights hereunder (including, without limitation, any registration rights) are transferable, in whole or in part,
upon surrender of this Warrant at the principal office of the Company or its designated agent, together with a written assignment of
this Warrant substantially in the form attached hereto duly executed by the Holder or its agent or attorney and funds sufficient to pay
any transfer taxes payable upon the making of such transfer. Upon such surrender and, if required, such payment, the Company shall execute
and deliver a new Warrant or Warrants in the name of the assignee or assignees, as applicable, and in the denomination or denominations
specified in such instrument of assignment, and shall issue to the assignor a new Warrant evidencing the portion of this Warrant not
so assigned, and this Warrant shall promptly be cancelled. Notwithstanding anything herein to the contrary, the Holder shall not be required
to physically surrender this Warrant to the Company unless the Holder has assigned this Warrant in full, in which case, the Holder shall
surrender this Warrant to the Company within three (3) Trading Days of the date on which the Holder delivers an assignment form to the
Company assigning this Warrant in full. The Warrant, if properly assigned in accordance herewith, may be exercised by a new holder for
the purchase of Warrant Shares without having a new Warrant issued.

 

b) New
Warrants. If this Warrant is not held in global form through DTC (or any successor depositary), this Warrant may be divided or combined
with other Warrants upon presentation hereof at the aforesaid office of the Company, together with a written notice specifying the names
and denominations in which new Warrants are to be issued, signed by the Holder or its agent or attorney. Subject to compliance with Section
4(a), as to any transfer which may be involved in such division or combination, the Company shall execute and deliver a new Warrant or
Warrants in exchange for the Warrant or Warrants to be divided or combined in accordance with such notice. All Warrants issued on transfers
or exchanges shall be dated the initial issuance date of this Warrant and shall be identical with this Warrant except as to the number
of Warrant Shares issuable pursuant thereto.

 

c) Warrant
Register. The Warrant Agent shall register this Warrant, upon records to be maintained by the Warrant Agent for that purpose (the
“Warrant Register”), in the name of the record Holder hereof from time to time. The Company and the Warrant Agent
may deem and treat the registered Holder of this Warrant as the absolute owner hereof for the purpose of any exercise hereof or any distribution
to the Holder, and for all other purposes, absent actual notice to the contrary.

 

Section
5. Miscellaneous.

 

a) No
Rights as Shareholder Until Exercise; No Settlement in Cash. This Warrant does not entitle the Holder to any voting rights, dividends
or other rights as a shareholder of the Company prior to the exercise hereof as set forth in Section 2(d)(i), except as expressly set
forth in Section 3. Without limiting any rights of a Holder to receive Warrant Shares on a “cashless exercise” pursuant to
Section 2(c) or to receive cash payments pursuant to Section 2(d)(i) and Section 2(d)(iv) herein, in no event shall the Company be required
to net cash settle an exercise of this Warrant.

 

    10

     

    

 

b) Loss,
Theft, Destruction or Mutilation of Warrant. The Company covenants that upon receipt by the Company of evidence reasonably satisfactory
to it of the loss, theft, destruction or mutilation of this Warrant or any stock certificate relating to the Warrant Shares, and in case
of loss, theft or destruction, of indemnity or security reasonably satisfactory to it (which, in the case of the Warrant, shall not include
the posting of any bond), and upon surrender and cancellation of such Warrant or stock certificate, if mutilated, the Company will make
and deliver a new Warrant or stock certificate of like tenor and dated as of such cancellation, in lieu of such Warrant or stock certificate.

 

c) Saturdays,
Sundays, Holidays, etc. If the last or appointed day for the taking of any action or the expiration of any right required or granted
herein shall not be a Business Day, then such action may be taken or such right may be exercised on the next succeeding Business Day. 

 

d) Authorized
Shares.

 

The
Company covenants that, during the period the Warrant is outstanding, it will reserve from its authorized and unissued Common Shares
a sufficient number of shares to provide for the issuance of the Warrant Shares upon the exercise of any purchase rights under this Warrant.
The Company further covenants that its issuance of this Warrant shall constitute full authority to its officers who are charged with
the duty of issuing the necessary Warrant Shares upon the exercise of the purchase rights under this Warrant. The Company will take all
such reasonable action as may be necessary to assure that such Warrant Shares may be issued as provided herein without violation of any
applicable law or regulation, or of any requirements of the Trading Market upon which the Common Shares may be listed. The Company covenants
that all Warrant Shares which may be issued upon the exercise of the purchase rights represented by this Warrant will, upon exercise
of the purchase rights represented by this Warrant and payment for such Warrant Shares in accordance herewith, be duly authorized, validly
issued, fully paid and nonassessable and free from all taxes, liens and charges created by the Company in respect of the issue thereof
(other than taxes in respect of any transfer occurring contemporaneously with such issue).

 

Except
and to the extent as waived or consented to by the Holder, the Company shall not by any action, including, without limitation, amending
its certificate of incorporation or through any reorganization, transfer of assets, consolidation, merger, dissolution, issue or sale
of securities or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms of this Warrant,
but will at all times in good faith assist in the carrying out of all such terms and in the taking of all such actions as may be necessary
or appropriate to protect the rights of Holder as set forth in this Warrant against impairment. Without limiting the generality of the
foregoing, the Company will (i) not increase the par value of any Warrant Shares above the amount payable therefor upon such exercise
immediately prior to such increase in par value, (ii) take all such action as may be necessary or appropriate in order that the Company
may validly and legally issue fully paid and nonassessable Warrant Shares upon the exercise of this Warrant and (iii) use commercially
reasonable efforts to obtain all such authorizations, exemptions or consents from any public regulatory body having jurisdiction thereof,
as may be, necessary to enable the Company to perform its obligations under this Warrant.

 

Before
taking any action which would result in an adjustment in the number of Warrant Shares for which this Warrant is exercisable or in the
Exercise Price, the Company shall obtain all such authorizations or exemptions thereof, or consents thereto, as may be necessary from
any public regulatory body or bodies having jurisdiction thereof.

 

    11

     

    

 

e) Governing
Law. All questions concerning the construction, validity, enforcement and interpretation of this Warrant shall be governed by and
construed and enforced in accordance with the internal laws of the State of New York, without regard to the principles of conflicts of
law thereof. Each party agrees that all legal proceedings concerning the interpretations, enforcement and defense of the transactions
contemplated by this Warrant (whether brought against a party hereto or their respective affiliates, directors, officers, shareholders,
partners, members, employees or agents) shall be commenced exclusively in the state and federal courts sitting in the City of New York.
Each party hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts sitting in the City of New York,
Borough of Manhattan for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated hereby
or discussed herein, and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim that it is
not personally subject to the jurisdiction of any such court, that such suit, action or proceeding is improper or is an inconvenient
venue for such proceeding. Each party hereby irrevocably waives personal service of process and consents to process being served in any
such suit, action or proceeding by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery)
to such party at the address in effect for notices to it under this Warrant and agrees that such service shall constitute good and sufficient
service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any
other manner permitted by law. If either party shall commence an action, suit or proceeding to enforce any provisions of this Warrant,
the prevailing party in such action, suit or proceeding shall be reimbursed by the other party for their reasonable attorneys’
fees and other costs and expenses incurred with the investigation, preparation and prosecution of such action or proceeding. Notwithstanding
the foregoing, this exclusive forum provision shall not apply to suits brought to enforce a duty or liability created by the Exchange
Act, any other claim for which the federal courts have exclusive jurisdiction or any complaint asserting a cause of action arising under
the Securities Act against us or any of our directors, officers, other employees or agents. Section 27 of the Exchange Act creates exclusive
federal jurisdiction over all suits brought to enforce any duty or liability created by the Exchange Act or the rules and regulations
thereunder.

 

f) Restrictions.
The Holder acknowledges that the Warrant Shares acquired upon the exercise of this Warrant, if not registered, and the Holder does not
utilize cashless exercise, will have restrictions upon resale imposed by state and federal securities laws.

 

g) Nonwaiver
and Expenses. No course of dealing or any delay or failure to exercise any right hereunder on the part of Holder shall operate as
a waiver of such right or otherwise prejudice the Holder’s rights, powers or remedies. Without limiting any other provision of
this Warrant, if the Company willfully and knowingly fails to comply with any provision of this Warrant, which results in any material
damages to the Holder, the Company shall pay to the Holder such amounts as shall be sufficient to cover any costs and expenses including,
but not limited to, reasonable attorneys’ fees, including those of appellate proceedings, incurred by the Holder in collecting
any amounts due pursuant hereto or in otherwise enforcing any of its rights, powers or remedies hereunder.

 

h) Notices.
Any and all notices or other communications or deliveries to be provided by the Holders hereunder including, without limitation, any
Notice of Exercise, shall be in writing and delivered personally, by facsimile or e-mail, or sent by a nationally recognized overnight
courier service, addressed to the Company, at ABVC BioPharma, Inc., 44370 Old Warm Springs Blvd., Fremont, CA 94538, Attention Dr. Howard
Doong, or such other facsimile number, email address or address as the Company may specify for such purposes by notice to the Holders.
Any and all notices or other communications or deliveries to be provided by the Company hereunder shall be in writing and delivered personally,
by facsimile or e-mail, or sent by a nationally recognized overnight courier service addressed to each Holder at the facsimile number,
e-mail address or address of such Holder appearing on the books of the Company. Any notice or other communication or deliveries hereunder
shall be deemed given and effective on the earliest of (i) the time of transmission, if such notice or communication is delivered via
facsimile at the facsimile number or via e-mail at the e-mail address set forth in this Section prior to 5:30 p.m. (New York City time)
on any date, (ii) the next Trading Day after the time of transmission, if such notice or communication is delivered via facsimile at
the facsimile number or via e-mail at the e-mail address set forth in this Section on a day that is not a Trading Day or later than 5:30
p.m. (New York City time) on any Trading Day, (iii) the second Trading Day following the date of mailing, if sent by U.S. nationally
recognized overnight courier service, or (iv) upon actual receipt by the party to whom such notice is required to be given. To the extent
that any notice provided hereunder constitutes, or contains, material, non-public information regarding the Company or any Subsidiaries,
the Company shall simultaneously file such notice with the Commission pursuant to a Current Report on Form 8-K.

 

i) Limitation
of Liability. No provision hereof, in the absence of any affirmative action by the Holder to exercise this Warrant to purchase Warrant
Shares, and no enumeration herein of the rights or privileges of the Holder, shall give rise to any liability of the Holder for the purchase
price of any Common Shares or as a shareholder of the Company, whether such liability is asserted by the Company or by creditors of the
Company.

 

j) Remedies.
The Holder, in addition to being entitled to exercise all rights granted by law, including recovery of damages, will be entitled to specific
performance of its rights under this Warrant. The Company agrees that monetary damages would not be adequate compensation for any loss
incurred by reason of a breach by it of the provisions of this Warrant and hereby agrees to waive and not to assert the defense in any
action for specific performance that a remedy at law would be adequate.

 

    12

     

    

 

k) Successors
and Assigns. Subject to applicable securities laws, this Warrant and the rights and obligations evidenced hereby shall inure to the
benefit of and be binding upon the successors and permitted assigns of the Company and the successors and permitted assigns of Holder.
The provisions of this Warrant are intended to be for the benefit of any Holder from time to time of this Warrant and shall be enforceable
by the Holder or holder of Warrant Shares.

 

l) Amendment.
This Warrant may be modified or amended or the provisions hereof waived with the written consent of the Company, on the one hand, and
the Holder or the beneficial owner of this Warrant, on the other hand.

 

m) Severability.
Wherever possible, each provision of this Warrant shall be interpreted in such manner as to be effective and valid under applicable law,
but if any provision of this Warrant shall be prohibited by or invalid under applicable law, such provision shall be ineffective to the
extent of such prohibition or invalidity, without invalidating the remainder of such provisions or the remaining provisions of this Warrant.

 

n) Headings.
The headings used in this Warrant are for the convenience of reference only and shall not, for any purpose, be deemed a part of this
Warrant.

 

o) Warrant
Agency Agreement. If this Warrant is held in global form through DTC (or any successor depositary), this Warrant is issued subject
to the Warrant Agency Agreement. To the extent any provision of this Warrant conflicts with the express provisions of the Warrant Agency
Agreement, the provisions of this Warrant shall govern and be controlling.

 

********************

 

(Signature
Page Follows)

 

    13

     

    

  

IN
WITNESS WHEREOF, the Company has caused this Warrant to be executed by its officer thereunto duly authorized as of the date first above
indicated.

 

	 	By:	 
	 	Name: 	 
	 	Title:	 

 

     

     

    

 

NOTICE
OF EXERCISE

 

(1)
The undersigned hereby elects to purchase ________ Warrant Shares of the Company pursuant to the terms of the attached Warrant (only
if exercised in full), and tenders herewith payment of the exercise price in full, together with all applicable transfer taxes, if any.

 

(2)
Payment shall take the form of (check applicable box):

 

☐
in lawful money of the United States; or

 

☐
if permitted the cancellation of such number of Warrant Shares as is necessary, in accordance with the formula set forth in subsection
2(c), to exercise this Warrant with respect to the maximum number of Warrant Shares purchasable pursuant to the cashless exercise procedure
set forth in subsection 2(c).

 

(3) Please
issue said Warrant Shares in the name of the undersigned or in such other name as is specified below:

 

	 	 	 

 

The
Warrant Shares shall be delivered to the following DWAC Account Number:

 

	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

[SIGNATURE
OF HOLDER]

 

Name
of Investing Entity: ________________________________________________________________________

Signature
of Authorized Signatory of Investing Entity: _________________________________________________

Name
of Authorized Signatory: ___________________________________________________________________

Title
of Authorized Signatory: ____________________________________________________________________

Date:
________________________________________________________________________________________

 

     

     

    

 

ASSIGNMENT
FORM

 

(To
assign the foregoing Warrant, execute this form and supply required information. Do not use this form to purchase shares.)

 

FOR
VALUE RECEIVED, the foregoing Warrant and all rights evidenced thereby are hereby assigned to

 

	Name:	 
	 	(Please
    Print)
	 	 
	Address:	 
	 	(Please
    Print)
	 	 
	Phone
    Number:	 
	 	 
	Email
    Address:	 
	 	 
	Dated: _______________ __, ______	 
	 	 	 
	Holder’s Signature:	 	 
	 	 	 
	Holder’s Address:Exhibit
10.1

 

 

 

 

 

 

Suzhou Industrial Park Hongrun Rural Small Amount
Loan Co., Ltd.

 

 

 

 

 

 

 

Capital Increase Agreement

 

 

 

 

 

 

 

 

 

 

 

July 27, 2021

 

    

     

    

 

Contents

 

	Article 1 Definition and Interpretation	4
	Article 2 Capital Increase	8
	Article 3 Delivery Prerequisites	8
	Article 4 Delivery and Industrial and Commercial Registration	9
	Article 5 Statement and Guarantee	10
	Article 6 Promises of the Parties	16
	Article 7 Cancellation or Termination	20
	Article 8 Compensation and Breach of Contract	21
	Article 9 Force Majeure	22
	Article 10 Confidentiality	22
	Article 11 Applicable Law	23
	Article 12 Settlement of Dispute	23
	Aritlce 13 Miscellaneous	23
	Appendix I Basic Situation of the Company	 
	Appendix II List of Key Personnel	 
	Appendix III Contact Addresses of the Parties	 

 

    1

     

    

 

Capital Increase Agreement

 

The Capital Increase Agreement (hereinafter referred
to as “the Agreement”) is signed by the following parties in Changshu City, Jiangsu Province on July 27, 2021:

 

1. Suzhou Industrial Park Hongrun
Rural Small Amount Loan Co., Ltd. is a joint stock company incorporated and legally existing under the laws of the People’s Republic
of China, with its registered address at Unit 847, Room 802, Building 24, Times Square, Suzhou Area, China (Jiangsu) Pilot Free Trade
Zone (the “Company”);

 

2. Jiangsu Longrich Group Co.,
Ltd. is a limited liability company duly incorporated and existing under the laws of the People’s Republic of China, with its registered
address at Longrich Biological Industrial Park, Changshu City, Jiangsu Province (“Longrich Group”);

 

3. Jiangsu Zhongding Real Estate
Development Co., Ltd. is a limited liability company duly incorporated and existing under the laws of the People’s Republic of China,
with its registered address at No.8 Changkun Road, Changkun Industrial Park, Shajiabang Town, Changshu City (“Jiangsu Zhongding”);

 

4. Suzhou Fangce Information
Consulting Service Co., Ltd. is a limited liability company duly incorporated and existing under the laws of the People’s Republic
of China, with its registered address at Room 1417, Building 1, Lvjing Business Plaza, Yuexi Street, Wuzhong Economic and Technological
Development Zone, Suzhou (“Suzhou Fangce”);

 

5. Jiangsu Lingfeng Textile
Group Co., Ltd. is a limited liability company duly incorporated and existing under the laws of the People’s Republic of China,
with its registered address at Yuenan Road, Heshi, Zhitang Town, Changshu City (“Jiangsu Lingfeng”);

 

6. Jiangsu Changshu Huantong
Industrial Co., Ltd. is a limited liability company duly incorporated and existing under the laws of the People’s Republic of China,
with its registered address at Xinzhuang Town, Changshu City (“Huantong Industrial”);

 

7. Zhao Jianhua, citizen of
the People’s Republic of China, ID Card No. 320xxxxxxx;

 

8. Huang Tiancheng, citizen
of the People’s Republic of China, ID Card No. 320xxxxxxx;

 

9. Lin Fenfang, citizen of the
People’s Republic of China, ID Card No. 332xxxxxxxx;

 

10. Shanghai Juhao Information
Technology Co., Ltd. is a limited liability company duly incorporated and existing under the laws of the People’s Republic of China,
with its registered address at F2, No.285 Jiangpu Road, Yangpu District, Shanghai (“Shanghai Juhao”)

 

The Company, Longliqi Group, Jiangsu Zhongding,
Suzhou Fangce, Jiangsu Lingfeng, Huantong Industrial, Zhao Jianhua, Huang Tiancheng, Lin Fenfang and Shanghai Juhao, are individually
referred to as “a party” and collectively as “the parties”.

 

    2

     

    

 

Whereas:

 

1. The Company is currently a joint stock
limited company established in accordance with the laws of the People’s Republic of China. Its business scope is: issuing loans
to “agriculture, rural areas and farmers”, providing financing guarantee, conducting business agency for financial institutions
and other business approved by the regulatory authorities. (Business that shall be approved according to law can be operated only after
being approved by relevant departments); as of the Date of Signing (as defined below), the basic information of the industrial and commercial
registration of the Company is shown in the Appendix.

 

2. The parties agree Shanghai Juhao to
contribute the increase of capital to the Company according to the terms and conditions set forth herein;

 

Therefore, in accordance with the laws of the
People’s Republic of China, the parties, through friendly negotiation, enter into the Agreement as follows for mutual compliance.

 

Article 1 Definition and
Interpretation

 

1.1 Definition

 

Unless the context
of the Agreement otherwise requires, the following terms shall have the following meanings:

 

	“Company”	refer to	
    Suzhou Industrial Park Hongrun
    Rural Small Amount Loan Co., Ltd.

     

	“Original Shareholders”	refer to	
    Longrich Group, Jiangsu Zhongding,
    Suzhou Fangce, Jiangsu Lingfeng, Huantong Industrial, Zhao Jianhua, Huang Tiancheng, Lin Fenfang.

     

	“Promisor”	refer to	
    The Company and Longrich Group.

     

	“Investor of Current Round”	refer to	
    Shanghai Juhao.

     

	“Capital Increase”	refer to	
    The Company increases the registered
    capital from RMB 300,000,000 to RMB 370,187,600, and such increased registered capital is subscribed by the Investor of Current Round.

     

	“Capital Increase Price”	refer to	
    All prices for the Capital Increase
    of RMB 30,000,000 paid for the increased registered capital of RMB 70,187,600 subscribed by the Investor of Current Round.

     

 

    3

     

    

 

	“Prerequisites”	refer to	
    The Prerequisites for the Investor
    of Current Round to pay the Capital Increase Price, as set forth in Article 3 hereof.

     

	“Date of Signing”	refer to	The date when the parties formally sign the Agreement.
	 	 	 
	“Date of Delivery”	refer to	
    The date when the Investor of
    Current Round pays the Capital Increase Price of the first installment in full amount to the account designated by the Company according
    to the Agreement.

     

	“Date of Registration”	refer to	
    The date when the Company completes
    the industrial and commercial change registration/filing for the Capital Increase and obtains a new business license.

     

	“Main Business”	refer to	
    The Main Business activities
    of the Company include [loans for agriculture, rural areas and farmers].

     

	“Listing”	refer to	
    Subject to the approval of the
    highest authority of the Company at the time, the Company may issue shares and trade on the stock exchange in accordance with the laws
    and regulations of the place of listing and the listing rules of the stock exchange either within or outside the People’s Republic
    of China for initial public offering or through merger and acquisition, reorganization, asset replacement, etc. The Listing under the
    Agreement shall not include the listing of the Company in the National Equities Exchange and Quotations (i.e. “NEEQ”) and
    the public offering of the company shares.

     

	“Related Party”	refer to	
    Natural person, enterprise or
    institution of other type with which a party is associated. The criteria for such “relationship” shall include all the definitions
    of “relationship”, “Related Party” and “related person” in the Company Law, the Accounting Standards
    for Chinese Enterprises, and the stock listing rules of Shanghai Stock Exchange and Shenzhen Stock Exchange.

     

	“China”	refer to	
    The People’s Republic
of China, for the purpose of Transaction Documents, excluding Hong Kong Special Administrative Region, Macao Special Administrative Region
and Taiwan Region.

 

    4

     

    

 

	“Chinese Laws”	refer to	
    In relation to any person, any
    law, regulation, administrative or departmental rule, directive, notice, treaty, judgment, ruling, order or interpretation of Chinese
    Government, regulatory authority, court or stock exchange applicable to such person. In relation to Transaction Documents, laws, regulations
    and precedents of Hong Kong Special Administrative Region, Macao Special Administrative Region and the Taiwan Region are excluded.

     

	“Transaction Documents”	refer to	
    All agreements, resolutions
    and other documents negotiated, finalized and performed by the parties for the Capital Increase, including but not limited to the Agreement,
    the Supplementary Agreement, the new articles of association of the Company and various resolutions.

     

	“CSRC”	refer to	
    China Securities Regulatory Commission.

     

	“SAMR”	refer to	State Administration for Market Regulation, or its authorized agency or successor agency.
	 	 	 
	“Intellectual Property Right”	refer to	
    All Intellectual Property Rights in any form and
    the carriers of such Intellectual Property Rights recognized by applicable law, including but not limited to industrial property rights,
    copyrights, trademarks, patents (including inventions, utility models, appearance designs), non-patented technology, software copyright,
    service marks, domain name, trade name, style, concept, name, technical information, sketches, report, operation and test procedure, practice,
    know-how, instruction manual, operating conditions chart, data, formulas, specifications, etc., whether registered, in registration or
    not.

     

	
    “RMB”

    “RMB”
	refer to	
    Chinese legal currency RMB yuan. Unless otherwise
    indicated, the amount referred to herein shall be in RMB.

     

	“Working Day”	refer to	
    Any date other than Saturday, Sunday and other
    statutory holidays in China.

     

	“Key Personnel”	refer to	
    Personnel listed in Appendix II, the Original
Shareholders and the Investor of Current Round jointly confirm that the Company can update the list.

 

    5

     

    

 

	“Senior Management Personnel”	refer to	
    General Manager, Deputy General Manager and financial
    officer of the Company

     

	 	 	 
	“Material” or “major”	refer to	
    Except as otherwise specifically provided
herein, whenever the word "material" or "major" is used in connection with any event, consequence, right, obligation,
breach of contract or failure in performance (including but not limited to "major aspect", "major adverse change"
or "major adverse effect"), for the parties involved, it shall mean that (i) it may cause monetary or non-monetary loss of
more than RMB 1,000,000 to this part; (ii) events or circumstances which may affect the proper existence or lawful operation of such
party, only to the Company, it may affect the listing of the Company; (iii) it may affect this party from conducting its Main Business
or from launching, producing and selling its main products; (iv) events or circumstances which may result in administrative or criminal
penalties being imposed on the parties involved; or (v) events or circumstances which may affect the legality, validity, binding force
or enforceable validity of the Transaction Documents.

 

1.2 Interpretation

 

Except as otherwise provided in the context of
the Agreement, the Agreement shall be interpreted as follows:

 

(1) Laws, regulations
mentioned herein refer to all laws, regulations that have been promulgated and publicly available, applicable to the Agreement in China,
and (before or after the signing of the Agreement) any amendment to such laws, regulations or revised version or any change to such laws,
regulations made by other laws, regulations in China;

 

(2) Persons mentioned
herein include natural persons, legal persons, enterprises (including partnerships), etc.;

 

(3) Terms, articles,
items or appendix mentioned herein refer to corresponding terms, articles, items or appendix in the Agreement;

 

(4) Titles are inserted
for convenience only and shall not affect the interpretation of the Agreement;

 

(5) All appendix
mentioned herein and attached to the Agreement shall form an integral part of the Agreement and shall have the same legal effect as the
Agreement.

 

    6

     

    

 

Article 2 Capital Increase

 

2.1 The parties agree that,
according to the terms and conditions set forth herein, the pricing is based upon the evaluation and confirmation of net asset at RMB
128,204,500 of the Company in All Shareholder’s Equities Asset Appraisal Report Regarding the Proposed Capital Increase of Suzhou
Industrial Park Hongrun Rural Small Amount Loan Co., Ltd. (SDHPB Zi [2021] No.195) issued by Jiangsu Zhonghe Donghua Land and Real
Estate Asset Appraisal Co., Ltd. on June 25, 2021, the Investor of Current Round will obtain 18.96% of the shares of the Company after
the Capital Increase of RMB 30,000,000.

 

2.2 All the Original Shareholders
and related parties agree to waive their rights to the Capital Increase including but not limited to the pre-emption right and agree to
vote in favor of the Capital Increase at relevant general meeting of shareholders. Meanwhile, the Company and the Original Shareholders
confirm and promise that, the registered Capital Increase and corresponding shares of the Company have no pledge, mortgage and right restriction
of any other form and have complete shareholder’s rights and interests (including but not limited to the bonus and dividends, the
public accumulation fund and other funds that the Company has drawn according to law that the Company has not announced to distribute
and that have been announced but have not actually distributed).

 

2.3  After the completion
of the Capital Increase, the registered capital of the Company increases from RMB 300,000,000 to RMB 370,187,600 (the Investor of Current
Round subscribes the increased registered capital of RMB 70,187,600, of which RMB 30,000,000 is actually paid by the Investor of Current
Round, and the rest RMB 40,187,600 is from the capital reserve of the Company as the contribution by the Investor of Current Round), and
the Investor of Current Round obtains 18.96% of the shares of the Company. After the completion of the Capital Increase, the registered
capital held by the respective shareholders and the corresponding shareholding ratio are shown in the table below:

 

	No.	 	 	Shareholder Name	 	Subscribed Contribution

 Amount (RMB/ten thousand)	 	 	Shareholding Ratio	 
	1	 	 	Jiangsu Longrich Group Co., Ltd.	 	 	10,800	 	 	 	29.17	%
	2	 	 	Jiangsu Zhongding Real Estate Development Co., Ltd.	 	 	4,950	 	 	 	13.37	%
	3	 	 	Shanghai Juhao Information Technology Co., Ltd.	 	 	7,018.76	 	 	 	18.96	%
	4	 	 	Suzhou Fangce Information Consulting Service Co., Ltd.	 	 	4,800	 	 	 	12.97	%
	5	 	 	Zhao Jianhua	 	 	2,367	 	 	 	6.39	%
	6	 	 	Huang Tiancheng	 	 	2,133	 	 	 	5.76	%
	7	 	 	Jiangsu Lingfeng Textile Group Co., Ltd.	 	 	1,800	 	 	 	4.86	%
	8	 	 	Lin Fenfang	 	 	1,800	 	 	 	4.86	%
	9	 	 	Jiangsu Changshu Huantong Industrial Co., Ltd.	 	 	1,350	 	 	 	3.65	%
	 	 	 	Total	 	 	37,018.76	 	 	 	100	%

 

2.4 On the premise of being allowed by Chinese laws and regulations,
within the business scope of the Company, the capital increase price shall only be used for [supporting Juhao Best Choice Store owners
for businessdevelopment and expansion] and other purposes agreed in writing by the investor of current round. In addition, the Company
agrees to appoint a person assigned by the investor of current round as the deputy general manager of the Company and grant him/her the
authority to inspect and supervise the use of increased capital and internal control and governance of the Company and propose opinions
and suggestions, or employ designated CPAs for audit according to the requirements of the investor of current round.

 

2.5 The Company and the Original
Shareholders of the Company agree that the Investor of Current Round needs not bear any liability for the debts of the Company before
the Date of Delivery, but shall enjoy corresponding rights and interests for the creditor’s rights generated before the Date of
Delivery according to the shareholding ratio.

 

Article 3 Delivery Prerequisites

 

3.1 The Investor of Current
Round shall be obliged to pay the Capital Increase Price to the Company according to Article 4.1 hereof if and only if each of the following
conditions is satisfied (or exempted in writing with the consent of the Investor of Current Round) within one month from the Date of Signing
hereof:

 

(1) Each party has
obtained all internal or third party permissions, approvals or consents with respect to the transaction proposed in the Transaction Documents
that shall be obtained by such party or has notified relevant third parties (if applicable);

 

(2) Relevant Transaction
Documents of the Capital Increase (including but not limited to the supplementary agreement, articles of association and resolutions)
have been fully negotiated and approved by all relevant parties and have been legally signed, and shall be consistent with the provisions
hereof in form and content;

 

(3) There are no
judgments, awards, rulings or injunctions of Chinese Laws, courts, arbitration agencies or relevant government departments that restrict,
prohibit or cancel the Capital Increase;

 

(4) The Company
has submitted the capital use plan for the Capital Increase Price to the Investor of Current Round;

 

(5) The Company
has submitted the business development plan and budget plan for 12 months after the signing of the Agreement to the Investor of Current
Round;

 

    7

     

    

 

(6) All statements
and guarantees made by the Promisor in the Agreement shall be true, accurate and complete in the major respect and free from falsehoods,
major omissions and misleading;

 

(7) The parties
to the Agreement except the Investor of Current Round have fully and timely performed their obligations under the Transaction Documents
and there is no failure to perform the foregoing obligations;

 

(8) The Company
does not have any change that has a major adverse effect or any event that will cause a major adverse change;

 

(9) The Key Personnel
of the Company have joined the Company for full-time job. Every Key Personnel has no case of resignation or termination of service, and
has signed with the Company and provided the labor contract and confidentiality, non-competition and intellectual property protection
agreement to the Investor of Current Round according to law;

 

(10) The Company
has notified the information of bank account for payment to the Investor of Current Round in writing, and affixed the official seal of
the Company on such written notice respectively according to the circumstance.

 

3.2 The parties agree that if
the above Prerequisites are not satisfied within the period set forth in Article 3.1 hereof, the Investor of Current Round shall have
the right to choose:

 

(1) To waive such
unmet Prerequisites provided that, if requested by the Investor of Current Round, the Promisor shall fulfill such Prerequisites or other
supplementary conditions as required by the Investor of Current Round within the time limit re-stipulated by the Investor of Current Round;

 

(2) To extend the
completion time of such unmet Prerequisites and delay corresponding Date of Delivery accordingly;

 

(3) To notify the
Company in writing to terminate the Agreement and no longer to conduct the corresponding delivery of relevant Capital Increase.

 

Article 4 Delivery and Industrial
and Commercial Registration

 

4.1 Provided that all the Prerequisites
set forth in Article 3 hereof are met (or waived in writing by the Investor of Current Round), the Capital Increase Price of the investment
shall be paid in two installments as follows:

 

(1) First instalment:
the Investor of Current Round shall pay 50% of the Capital Increase Price on August 3, 2021, that is, RMB 15,000,000;

 

(2) Second instalment:
the Investor of Current Round shall pay 50% of the Capital Increase Price, that is, RMB 15,000,000 within 10 days after the Company completes
industrial and commercial change registration/filing for the Capital Increase and obtains a new business license and completes the disclosure
in “Suzhou Small Amount Loan Company Information Disclosure System” according to relevant provisions.

 

    8

     

    

 

The Capital Increase
Price shall be paid to the bank account designated by the Company.

 

The bank account
of the Company is as follows:

 

Account name: Suzhou
Industrial Park Hongrun Rural Small Amount Loan Co., Ltd.

 

Opening bank: Agricultural
Bank of China Suzhou Industrial Park Kuatang Branch

 

Bank account No.:
10-550401040xxxxxx

 

4.2 After the Date of Delivery,
the Company shall deliver the list of shareholders and contribution certificate prepared according to Article 2.4 hereof, sealed by the
Company and signed by the legal representative to the Investor of Current Round.

 

4.3 The Company shall complete
relevant industrial and commercial change registration or filing and obtain the updated business license and relevant filing certificate
and provide the copies of aforesaid business license and filing certificate to the Investor of Current Round for the Capital Increase
and change of articles of association within 10 Working Days after receiving the first instalment of Capital Increase Price paid by the
Investor of Current Round. The parties shall provide necessary cooperation when the Company conducts the industrial and commercial change
registration or filing mentioned in this article.

 

Article 5 Statement and Guarantee

 

5.1 Each party hereby make the
following statement and guarantee to other parties hereby, on the Date of Signing and Date of Delivery, such statement and guarantee are
true, accurate, complete and not misleading.

 

(1) The party is
a company lawfully incorporated, validly existing and in good condition according to the laws and regulations applicable at its place
of incorporation or a natural person with full capacity for civil conduct (as the case may be);

 

(2) The party has
all powers, authorizations and approvals necessary under the laws of relevant place of incorporation to sign the Agreement and other Transaction
Documents (if applicable), and all powers, authorizations and approvals necessary to fully perform each of its obligations under the Agreement
and other Transaction Documents (if applicable); the representative of the party is fully authorized to sign the Agreement and other Transaction
Documents (if applicable);

 

    9

     

    

 

(3) The signing,
delivery and performance of the Agreement and other Transaction Documents (if applicable) will not violate any provision of law or any
order of any court or any other governmental agency; or any provision of any deed, contract or other documents to which the parties themselves
or any of their property or assets are subject to; or contravene or cause a breach of any such deed, contract or other documents; or constitute
a breach under such deed, contract or other documents.

 

5.2 The Company and Original
Shareholders make the following statement and guarantee to the Investor of Current Round, on the Date of Signing and Date of Delivery,
and such statement and guarantee are true, accurate, complete and not misleading.

 

(1) The Original
Shareholders have expressly waived the pre-emption right of the Capital Increase and any other legal and agreed priority (if any); no
entity other than the Original Shareholders shall have the priority of any form for the Capital Increase.

 

(2) The Company and
its shareholders have never engaged in or entered into any agreement that may cause a major adverse effect.

 

(3) The Company and
the Original Shareholders have no unliquidated debts and legal liabilities and liabilities that may materially affect the realization
of the anticipated transaction pursuant to the terms and conditions of the Agreement or other Transaction Documents. In particular, the
actual controlling persons and controlling shareholders of the Company have no liabilities of any form that may result in a change of
control of the Company.

 

(4) The Company and
the Original Shareholders have no contingent liabilities with single or total amount more than RMB 500,000 that have not been disclosed
to the Investor of Current Round, including but not limited to the Company’s failure to provide the guarantee of any form to any
entity or natural person shareholders.

 

5.3 For the purpose of completing
the anticipated transactions hereunder, the Promisor hereby jointly make the following statements and guarantees to the Investor of Current
Round, on the Date of Signing and Date of Delivery, such statement and guarantee are true, accurate, complete and not misleading.

 

(1) The Company
is a joint stock limited company legally established and validly existing in accordance with the laws of the People’s Republic of
China, and all the changes of the Company are in full compliance with the provisions of Chinese Laws. The existing shareholders are the
legal and valid owners of the Company. Neither the Company nor any of its subsidiaries, branches has ever promised to issue or actually
issued to any third party in any form any equities, shares, bonds, options or equities of the same or similar nature of the Company, other
than as set forth in the list of shareholders in Appendix I. As of the Date of Delivery, there are no pledges, other security interests,
third party interests or other restrictions of any form on other shares or capital contributions of the Company, except for the 10,800
shares of the Company held by the shareholder Longrich Group, which have been pledged.

 

    10

     

    

 

(2) The previous
capital contribution or Capital Increase made by the existing shareholders of the Company and relevant procedures are in full compliance
with the then effective Chinese Laws and regulations, and there is no delay in capital contribution, false capital contribution or withdrawal
of capital contribution. For the equity transfer of the Company before this transaction, the consideration for all previous equity transfers
of the Company has been paid and there is no dispute.

 

(3) The Promisor
has disclosed all the subsidiaries, branches of the Company and their equity structure to the Investor of Current Round. Except as disclosed
in writing to the Investor of Current Round before the delivery of the Agreement, the Company does not directly or indirectly own or control
any equity of any other company, partnership, trust, joint venture, organization or other entity, nor does it operate any offices or branches
or subsidiaries.

 

(4) The Promisor
voluntarily and has the full right and authorization to sign and perform the Agreement and complete the transactions mentioned herein.
The Promisor has done all necessary to obtain lawful and valid authorization for the Agreement and all transactions mentioned herein.
The Agreement, once being signed, shall constitute the legal, valid and binding obligations of the Promisor.

 

(5) The signing
and performance of the Agreement shall have no contradiction and conflict with the articles of association and laws, regulations that
the Promisor shall abide by, the administrative orders of government departments or other contracts or legal documents signed by the Promisor
as a party, and shall not result in the violation of aforesaid provisions, or constitute the refusal or failure of performance of aforesaid
provisions.

 

(6) The Company
has all licenses, authorizations, approvals, permissions or records required by government authorities or regulatory authorities to engage
in its current business.

 

(7) The production,
operation, project construction and business activities of the Company since the establishment are in compliance with the provisions of
relevant laws and regulations in all major aspects, including but not limited to industry and commerce, taxation, customs, foreign exchange,
environmental protection, food safety, health, fixed assets investment, land, engineering construction, production safety, product quality,
fire protection, labor, etc., and have no illegal behavior, or subject to the penalties of any form from the competent government departments.
If the Investor of Current Round suffers any damage or loss due to the penalties from relevant government authorities for the violation
of the above statements and guarantees by the Company, the Promisor shall jointly and severally compensate the Investor of Current Round
in full for all the damage and loss so as to prevent the Investor of Current Round from suffering any damage.

 

    11

     

    

 

(8) The financial
statement as of May 31, 2021 (“date of financial statement”) submitted by the Company to the Investor of Current Round truly,
accurately and completely reflect the operation conditions and financial conditions of the Company during relevant period and on the date
of financial statement, in which the information reflected and content described are true, accurate and complete without any omission
or concealment that may cause material effect on the transaction mentioned herein.

 

(9) The Company
has comprehensively, accurately and completely disclose all the loans, debts, guarantees and liabilities of the Company that have occurred
or to be occur according to reasonable prediction as of the signing date of the Agreement in writing to the Investor of Current Round,
including but not limited to any unpaid loans (borrowings) of financial institutions, the third party guarantee made by the Company for
the debt or for the benefit of any third party, and the Company currently has no actual or potential debt that has not been disclosed.

 

(10) The Company
has filed its tax reports according to Chinese Laws and the requirements of relevant tax authorities and paid its payable tax in full
and on time. The Company does not have any tax arrears, nor has it been punished by the tax authorities for any tax payment. There is
no seizure of assets for non-payment of taxes by the Company. There is no dispute between the Company and the tax authority which may
result in the tax liability of the Company (including the penalty levied by the tax authority).

 

(11) The financial
system, accounting voucher and invoice management, tax reports and other major aspects of the Company are in compliance with the requirements
of Chinese Laws and regulations on financial accounting.

 

(12) The Company
enjoys legal ownership and use right on any tangible property, real estate, intangible assets owned, possessed or used by the Company,
and there is no pledge, mortgage, lien, other guarantee interests, third party interests or any other restrictions on the property owned,
possessed or used (except that the Company has disclosed to the Investor of Current Round in writing).

 

(13) The Company
has fully disclosed in writing to the Investor of Current Round all the real estate owned and used by it. The Company has obtained legal
and valid ownership certificate (including the housing ownership certificate and land use right certificate) for each real estate held
by the Company, and there is no record of dispute on the ownership of the real estate of the Company in relevant land and real estate
administration as of the knowledge of the Company. The current use of the real estate complies with the purpose approved by relevant planning
and construction regulations, and will not be adversely affected by any zoning plans as of the knowledge of the Company.

 

    12

     

    

 

(14) The Company
has fully disclosed all Intellectual Property Rights owned and used by it to the Investor of Current Round in writing. The Company enjoys
lawful ownership or right to use all the Intellectual Property Rights it uses (including but not limited to patents, trademarks, copyrights,
proprietary technology, domain names and trade secrets), and has obtained necessary authorization or license for any business activities
involving the Intellectual Property Right of others. The Company does not infringe upon the Intellectual Property Right, business secrets,
know-how or other similar right of others, and has no claims, disputes or proceedings that have occurred or may occur against the Company
for any infringement of Intellectual Property Right, trade secrets, proprietary information or other similar rights of any third party.
All trademarks, patents, software copyrights and domain names owned by the Company have been officially registered or registered according
to law, or relevant registration or registration applications have been filed according to law.

 

(15) All major contracts
or agreements with an amount exceeding RMB 100,000 to which the Company is a party are legal, valid and enforceable, and such major contracts
or agreements have been properly and fully performed without any breach of contract. Except as disclosed in writing to the Investor of
Current Round, the Company has not entered into any of the following contracts or agreements: (a) Contracts or agreements not formed in
the daily operations; (b) Contracts or agreements not formed on the basis of fairness and justice; (c) Related transactions; or (d) It
is clearly known in signing according to the reasonable judgement that the contracts or agreements will lead to loss of the Company or
damage to the interests of the Company.

 

“Related transactions”
refer to the transactions between the Company and its related parties, shareholders, directors, Senior Management Personnel or their immediate
family members or companies under their control, including but not limited to appropriation of funds, provision of financing, procurement,
licensing, creditor’s rights and debts, etc.

 

(16) Except disclosed
to Investor of Current Round, none of the directors, supervisors and management team members of the Company or their related parties are
engaged in any business that is in competition with the Main Business of the Company, nor are they in the position of holding a competitive
position; the directors, supervisors and management team members of the Company and their related parties do not serve as directors, supervisors,
managers, advisers or provide consulting or technical support services in any other entity; the directors, supervisors and management
team members of the Company and their related parties do not hold part-time positions or service as directors, managers, supervisors or
advisers of any other entity. The directors, supervisors and Senior Management Personnel of the Company are in compliance with the qualifications
of the applicable laws and regulations, are not involved in any major violation of laws and regulations, does not have any non-competition
agreements with their former employers that have not been terminated and may affect their employment with the Company or and their continuously
holding current positions with the Company after the Date of Delivery date.

 

    13

     

    

 

(17) Except disclosed
to Investor of Current Round, before the Agreement comes into effect, the Company has not signed the labor contract with any individual
whose annual gross salary is more than RMB 300,000 or entered into any agreement with its employees with the severance compensation more
than the national severance compensation standard (collectively signed or individually signed with the employees, in writing or orally).

 

(18) The behaviors
of the Senior Management Personnel of the Company and other Key Personnel listed in Appendix II of the Agreement in serving in the Company
or providing services to the Company do not violate any agreements or obligations with the entity other than the Company, and such agreements
or obligations shall include but not limited to employment arrangement, confidentiality obligation or non-competition obligation;
and the labor or service provided to the Company does not have and will not cause they and/or the Company to infringe upon the Intellectual
Property Rights and business secrets of others; the ownership of any Intellectual Property Right related to the Main Business of the Company
developed pursuant to the labor contract or consulting agreement signed with the Company shall belong to the Company.

 

(19) The Company
complies with all applicable labor laws and regulations, and there is no labor disputes between the Company and its existing and former
employees. The Company does not have any unpaid payable compensation or similar payment obligations arising from the termination of the
labor relationship. The Company has paid and/or withheld the basic pension insurance, basic medical insurance, unemployment insurance,
work-related injury insurance, maternity insurance and all other social insurance premiums and housing provident fund payable under relevant
laws and regulations in full according to applicable laws and regulations. The company does not have any disputes related to social benefit
insurance premium and housing provident fund, nor does it have any indication of penalties for not paying the social benefit insurance
premium and housing provident fund in full.

 

(20) There is no
ongoing lawsuit, arbitration, administrative penalty, administrative reconsideration or other legal proceedings against or concerning
the Company, nor is there any circumstance that the Company shall assume legal liability or obligation based on the ruling or decision
made by the court, arbitration institution or other judicial or administrative authority.

 

(21) The Company
does not have any fact relating to the Company or its business that is not disclosed in the Agreement, in the financial statements or
otherwise in writing by the Company to the Investor of Current Round which may have a major adverse effect. The statements and guarantees
made by the Promisor in the negotiation and signing of the Agreement are free of any false statement, omission or misleading.

 

    14

     

    

 

(22) The Company
does not have any borrowings, loans, asset mortgage, guarantees or other encumbrances that are not disclosed in the financial statements.
If the Investor of Current Round find that the Company has any of the foregoing circumstances after the signing date of the Agreement,
the Investor of Current Round shall have the right to terminate the Agreement and require the Company to compensate for the losses caused
to the Investor of Current Round.

 

The Promisor further
confirms that the Investor of Current Round enters into the Agreement on the basis of full trust of the forgoing statements and guarantees.

 

5.4 Each of the foregoing statements
and guarantees shall be deemed as separate statement and guarantee (except as expressly provided to the contrary in the Agreement) and
shall not be limited or restricted for referring to or quoting any other statement and guarantee or any other articles of the Agreement.

 

5.5 The Promisors respectively
promise that they will immediately notify the Investor of Current Round in writing if it is aware of any situation after the signing date
of the Agreement and before the Date of Delivery, which will make any statement and guarantee untrue, inaccurate or misleading in any
major aspect.

 

Article 6 Promises of the
Parties

 

6.1 The Promisor jointly promises
to the Investor of Current Round that, from the Date of Signing, the business and operation behaviors of the Company shall comply with
the applicable laws of China or its place of registration in all material aspects, including but not limited to the requirements of industry
and commerce, production and operation qualification, land and buildings, environmental protection, customs, taxation, human resource
and social welfare, etc.

 

6.2 The Promisor jointly makes
the following promises to the Investor of Current Round, from the Date of Signing to the Date of Registration:

 

(1) The Company
will have operation activities in the way as usual, ensure that existing license and approval on which its business based on are legal
and effective, keep its business organization complete, maintain the relationship with the third party and keep existing management personnel
and employees, maintain current situation (except for normal wear) of all assets and properties owned or used, the operation nature, scope
or mode of the Company will not have major change;

 

(2) The Company
shall allow the Investor of Current Round to conduct investigation and interview on its business, assets and financial conditions, and
shall provide the Investor of Current Round with all materials and information required for such investigation as reasonably required
by the Investor of Current Round, provided that the Investor of Current Round and its employees and consultants shall keep relevant materials
and information confidential;

 

    15

     

    

 

(3) The undistributed
profits of the Company formed before the signing date of the Agreement shall be shared by all shareholders after the Capital Increase;

 

(4) The Company
shall not, and the Promisor shall not urge the Company to do the following unless otherwise agreed herein or the Promisor sends a written
notice to the Investor of Current Round in advance and obtains the written consent of the Investor of Current Round in advance:

 

(a) Increase, decrease,
transfer registered capital, or dispose the registered capital and equity by mortgage or other means;

 

(b) Announce to distribute
or distribute any dividend or bonus;

 

(c) Undertake any
merger, spin-off, operation suspension, merger, restructuring, liquidation, bankruptcy application or other similar act;

 

(d) Engage in other
businesses outside the business scope registered on the business license and may incur punishment from the SAMR or other administrative
agencies with jurisdiction;

 

(e) Sell, lease,
transfer any property and business with single or accumulated transaction amount more than RMB 500,000 (except for those occurring in
normal business operation);

 

(f) Make any new
external investment or make any arrangement or change to the existing external investment;

 

(g) Sign with the
third party any new borrowing or loan with amount more than RMB 5 million, monetary debt of other form and/or provide credit security
or provide any guarantee (including mortgage, pledge, guarantee or other form) for self or any third party (except for those occurring
in normal business operation, however, if the amount of guarantee incurred in normal business operation is higher than RMB 5 million,
the Company shall notify the Investor of Current Round in advance in writing and obtain the written consent of the Investor of Current
Round);

 

(h) Make any change
to the articles of association;

 

(i) Enter into any
agreement, contract, arrangement or transaction that may cause the debt with total amount more than RMB 5 million outside the normal operation
activities or change any existing contract as a party, which causes the debt with total amount more than RMB 5 million;

 

    16

     

    

 

(j) Make any change
to the members of the Board of Directors or management and their remuneration and to the main terms of any labor contract (except as required
by the Agreement); or employ any of the top five highest annually paid employees; or sign a labor contract with any employee in which
the annual pay exceeds RMB 300,000; or develop and implement the employee equity incentive plan;

 

(k) Appoint, change
the auditor of the Company or make major change to any accounting method or financial policy;

 

(l) License
or otherwise transfer any patents, copyrights, trademarks or other Intellectual Property Rights of the Company outside the normal business
operation; or allow any Intellectual Property Rights to be forfeited, expire or waived, or settle or agree to waive any legal action,
dispute, claim, lawsuit, investigation or other proceeding relating to any Intellectual Property Rights; or create any third party rights
in patents, copyrights, trademarks or other major assets of the Company;

 

(m) Take other acts
that may cause major adverse effect;

 

(n) Sign a contract
or make promise on any of aforesaid.

 

6.3 The parties of the Agreement
shall make best efforts to promote the satisfaction of all Prerequisites.

 

6.4 The Promisor shall bear
joint compensation liability for any and all losses (no matter whether such losses occur before or after the Date of Registration) suffered
or incurred by the Investor of Current Round and Related Party, director, senior employee, employee, shareholder, agent (“the compensated
party”) for the events before the Date of Registration, so as to guarantee that the interests of the compensated party are not damaged.
However, relevant joint compensation liability shall be limited to the company shares held by the Promisor.

 

6.5 To guarantee the compliance
of operation of the Company, the Promisor jointly and severally makes the following promises to the Investor of Current Round, and the
corresponding parties related to the following promises and/or confirmation also make relevant promises to the Investor of Current Round
(applicable in specific case):

 

(1) The Company
will continue to comply with the provisions of relevant laws and regulations after the Date of Signing in accordance with the requirements
of all laws and regulations related to labor, personnel and taxation or the decision of the Board of Directors (including but not limited
to paying relevant social benefit insurance and housing provident fund in full for all employees, filing tax reports and paying payable
taxes in full according to the applicable laws and regulations and the requirements of relevant tax authorities).

 

    17

     

    

 

(2) After the Date
of Signing, the Company shall gradually improve and standardize relevant systems, carry out internal structural adjustment, and realize
standardized operation according to law, maintain compliance in assets, account opening, personnel, organization, business, finance, accounting,
information disclosure system, internal control system and related transactions, control of external guarantee, etc. and conform to the
requirements of the potential listing advisors of the Company or the Investor of Current Round (including but not limited to performing
relevant internal review procedure for the related transactions occurred as of the Date of Signing).

 

(3) The Company
promises that it will legally own or use all Intellectual Property Rights inside and outside China required for its business activities.
The Intellectual Property Rights owned or used by the Company shall comply with the provisions of Chinese Laws and shall not infringe
the Intellectual Property Rights or business secrets of others. The Promisor shall notify the Investor of Current Round of any claims,
disputes or proceedings that may require the Company to compensate for any infringement of Intellectual Property Rights, business secrets,
proprietary information or other similar rights of any third party in time. If the judicial authority determines that the Intellectual
Property Rights of any third party have been infringed and it is necessary to pay compensation or fines for such infringement, the Promisor
shall bear joint compensation liability to the Investor of Current Round.

 

(4) The Company
shall urge Key Personnel (collectively referred to as “non-competition personnel” for the purpose of this article) to agree,
guarantee and promise to:

 

(a) Bear the due
diligence obligation to the Company, contribute all working time and energy to serve the Company, not to serve in other company or entity,
nor take other part-time job in the competition with the Company (not matter paid or not) in any form (including establishing a new enterprise)
or invest in other company or entity in the competition with the Company, otherwise, the profits obtained shall be turned over to the
Company (the foregoing restrictions on the external investment of the non-competition personnel shall not apply to the investments and
positions of the non-competition personnel that have been disclosed to the Investor of Current Round, and the non-competition personnel
shall notify such investments and positions in time);

 

(b) During the period
when the Investor of Current Round holds the shares of the Company, without the prior written consent of the Investor of Current Round
(and shall urge and ensure that any of its Related Party) shall not, within and out of the territory of China, in any form (including
but not limited to investment, merger, joint operation, joint venture, cooperation, partnership, trust, contract, lease or buying shares
or equity) be directly or indirectly engaged or involved in, or assist, or support the third party other than the Company to engage in
or participate in any business or activity as same as, similar to, forming competition or may form competition with the Main Business
of the Company in any form, or invest and operate the entity or activity that has direct or indirect competition with the Company, or
own interests in such entity or activity, and if the Company intends to develop new business, project or activity, the aforesaid non-competition
personnel will not and have the obligation to urge their related parties not to engage in or participate in any business, project or activity
that forms or may form direct or indirect competition with the new business, project or activity developed by the Company;

 

    18

     

    

 

(5) The Promisor
shall guarantee and urge the directors, supervisors and Senior Management Personnel of the Company to promise after the Date of Signing
that they comply with the qualification requirements regulated by Chinese Laws, and perform the duty of loyalty and diligence obligations
under Chinese Laws, and will not make any harm to the interests of the Company or other shareholders and have behaviors prohibited by
Chinese Laws, including but not limited to misappropriating company funds, occupying company property, accepting bribes or other illegal
income by taking advantage of his/her power, and intentionally causing major internal control loopholes of the Company;

 

(6) The Promisor
shall urge the aforesaid non-competition personnel to abide by the provisions of Article 6.5, and urge such personnel to sign labor contracts,
confidentiality and intellectual property ownership agreements and non-competition agreements with the Company. Such agreement shall stipulate
that the aforesaid personnel shall not participate in, invest in or engage in any business directly or indirectly in competition with
the Company during the tenure and within two years after resignation. In addition, the Promisor shall urge all other employees of the
Company to sign labor contracts and confidentiality agreements with the Company.

 

Article 7 Cancellation or
Termination

 

7.1 The Agreement shall be canceled
or terminated under the following circumstances:

 

(1) All parties
agree in writing;

 

(2) The Prerequisites
for the Capital Increase agreed in Article 3 of the Agreement cannot be fully realized within the agreed time limit and are not waived
by the Investor of Current Round.

 

(3) The Company
fails to complete the industrial and commercial registration and filing procedures as stipulated in Article 4 hereof on the premise that
the Investor of Current Round has paid the Capital Increase Price to the Company as agreed.

 

(4) The statement
and guarantee made by any Promisor in the Agreement are proved to be false, inaccurate in major aspect or have major omission.

 

(5) Any Promisor
violates or fails to realize the promise made under the Transaction Documents and is not waived by the Investor of Current Round.

 

(6) Any party fails
to perform or fails to properly perform other obligations under the Agreement and fails to make remedy within 30 days after other parties
send the written notice on requiring the performance of obligation.

 

    19

     

    

 

7.2 Subject to Article
7.1(1) of the Agreement, the Agreement shall be terminated or canceled on a date unanimously agreed by the parties in writing. Subject
to Article 7.1(2)-(5), the Agreement shall be terminated or canceled upon written notice given by the Investor of Current Round to the
Company and the Original Shareholders. Subject to Article 7.1(6), the Agreement shall be terminated or canceled upon written notice given
by relevant party to the party that has failed to perform or properly perform obligations and the non-performing party fails complete
such remedies in time. Upon termination or cancellation of the Agreement, without prejudice to the provisions of Article 8 hereof, the
parties shall, in the principle of fairness, reasonability and good faith, have the Company return the Capital Increase Price actually
received to the Investor of Current Round to restore to the state on the Date of Signing the Agreement. However, any party shall still
be liable for any loss caused to other parties due to the breach of the Agreement prior to the cancellation of the Agreement. If the administration
for market regulation has registered the articles of association and the Capital Increase, all parties shall cooperate and make best efforts
to cancel such registration.

 

7.3 If the Investor of Current
Round terminates the Agreement according to Article 7.1(3)-(5), the Company and shareholders of the Company shall pay the interest calculated
according to the simple annual interest of 8% on the basis of the Capital Increase Price that the Investor of Current Round has paid.

 

7.4 Upon termination or cancellation
of the Agreement according to Article 7.1 and 7.2, all rights and obligations of the parties hereunder shall terminate, except as provided
in Articles 7, 8, 9, 10, 11, 12 and 13.11.

 

Article 8 Compensation and
Breach of Contract

 

8.1 Each party that constitutes
breach of contract (“the default party”) shall agree to compensate all damages, losses and expenses of other non-breaching
parties (“the observant party”) incurred or caused by the default party’s violation of any article herein (including
but not limited to legal expenses and other expenses and costs of investigation on claims). Such compensation shall not affect any other
rights and remedies conferred by the non-breaching party under applicable law or arising out of any other agreement between the parties
with respect to the breach of contract. The rights and remedies of the non-breaching rising from such breach of contract shall be still
effective after the rescission, termination or completion of performance of the Agreement.

 

8.2 For the default behavior
of any Promisor in violating the statement, guarantee and/or promise and other stipulated obligation under the Agreement and other Transaction
Documents, or the statement, guarantee made by the Promisor under the Transaction Documents are false, inaccurate or omitted, which results
in any loss to the non-breaching party, the Promisor shall bear joint compensation liability to the non-breaching party to guarantee that
the interests of the non-breaching party will not be damaged.

 

    20

     

    

 

8.3 For any claim, lawsuit,
arbitration, investigation or other legal proceedings incurred by directors (if any) and other management personnel of the Company appointed
by the Investor of Current Round in the performance of their duties to the Company or the handling of the entrusted matters, the Promisor
shall jointly compensate such personnel for all losses and expenses incurred thereby. Unless there is proof that the losses, expenses
and relevant legal proceedings are caused by the willful or gross negligence of such personnel.

 

8.4 The Investor of Current
Round shall bear default liability to the Promisor for its breach of statement, guarantee and/or promise and other stipulated obligation
hereunder (if applicable).

 

Article 9 Force Majeure

 

9.1 If any force majeure event
that any party of the Agreement cannot predict and cannot avoid or overcome after marking the best efforts occurs, such as earthquake,
typhoon, flood, fire, military action, strike, riot, war, or other force majeure events agreed by the parties (each of which is referred
to as “force majeure event”), which obstructs this party from performing the Agreement, this party shall immediately notify
other parties without delay and shall provide details and certificate of such event within 15 days after sending the notice to explain
the reason for failing or delaying to perform all or part of the obligations under the Agreement. Unless the purpose of the Agreement
cannot be realized due to the force majeure event, the parties shall seek and implement a solution acceptable to all parties through negotiation.

 

9.2 In case of any force majeure
event, the party affected by the force majeure shall not be liable for any damage, cost increase or loss of other parties caused by failing
to perform or delaying to perform the obligations under the Agreement within the scope affected by the force majeure event on the premise
that it has performed its obligations stipulated in Article 9.1 (however, if the party affected by the force majeure event has already
incurred a delay in the performance of obligations under the Agreement when the force majeure event happens, the liability for such performance
delay shall not be exempted for the force majeure event). The party claiming the occurrence of the force majeure event shall make the
best efforts to take appropriate measures to reduce or eliminate the impact of the event and attempt to resume performance of the obligations
delayed or obstructed by the event in the shortest possible time.

 

9.3 If the force majeure event
or the influence of the force majeure event obstructs a party or the parties from performing all or part of the obligations under the
Agreement for more than a month, or the purpose of the Agreement cannot be realized due to the force majeure event, the party not affected
by the force majeure shall have the right to terminate the Agreement and be exempted from performing part of the obligations under the
Agreement or delay the performance of the Agreement.

 

Article 10 Confidentiality

 

10.1 Unless obtaining the
consent of other parties in advance, no party of the Agreement shall, or allow any of its Related Party, directors, senior employees,
employees, shareholders, agents, or the directors, senior employees, employees or agents of the Company to disclose any article of the
Agreement to anybody, unless the information is: (i) information required to be disclosed by law, if a party is required by law to disclose
any confidential information, such party shall first notify the other party and discuss with other parties on such information to be disclosed,
or (ii) information that is or has become publicly known not for breach of the Agreement, or (iii) information that the Investor of Current
Round discloses to Senior Management Personnel, external professional advisers or investors of the Investor of Current Round who bear
confidentiality obligation for business needs.

 

    21

     

    

 

10.2 Without the prior written
consent of the other party, no party shall disclose or make any announcement on any matters relating to the Agreement or the Company,
unless according to applicable laws and regulations and exchange rules that any party, including the controlling shareholder of the listed
company of the Investor of Current Round, is required to make any announcement or disclose the terms of Agreement according to applicable
laws and regulations.

 

10.3 Each party shall be liable
for the behaviors of respective Related Party, directors, senior employees, employees, shareholders, agents in violating any provision
listed in Article 10.

 

Article 11 Applicable Law

 

11.1 The conclusion,
validity, interpretation and signing of the Agreement and the settlement of all disputes in connection with the Agreement shall be governed
by and interpreted by the laws of the People’s Republic of China.

 

Article 12 Settlement of
Dispute

 

12.1 Competent court

 

Any dispute arising out of the interpretation
or performance of the Agreement shall be settled through friendly negotiation first. If no agreement can be reached through negotiation,
either party shall have the right to submit such dispute to the people’s court in the place where the plaintiff is located for settlement.

 

12.2 Continue to execute

 

During the negotiation or litigation relating
to the dispute, the parties shall continue to perform their obligations under the Agreement in good faith in all other aspects except
for the matter in dispute.

 

Article 13 Miscellaneous

 

13.1 Effectiveness

 

The Agreement shall become effective as of the
date duly signed by the parties and shall complete the delivery after meeting the delivery condition set forth herein. For the avoidance
of doubt, the parties agree that, as of the Date of Delivery, the Investor of Current Round shall enjoy the rights of shareholders (including
but not limited to the rights set forth in the Supplementary Agreement to this Agreement and the rights of shareholders set forth in the
Company Law or any other laws and regulations).

 

    22

     

    

 

13.2 Modification or change

 

The Agreement may be modified or changed upon
mutual agreement of the parties hereto. Any modification or change shall be made in writing and shall become effective after being signed
by the parties to the Agreement.

 

13.3 Waiver

 

If any party of the Agreement fails to perform
or delays to perform the Agreement or any right, power or privilege under any other contract or agreement related to the Agreement, it
shall not be deemed as a waiver of such right, power or privilege; any separate exercise or partial exercise of such right, power or privilege
shall not exclude any other excise of such right, power or privilege in the future.

 

13.4 Cooperation obligation

 

The parties of the Agreement shall actively perform
the Agreement and provide all necessary cooperation, including but not limited to cooperating to sign all documents involved for performing
the Agreement and other Transaction Documents, cooperating to transact relevant registration and filing procedures involved for performing
the Agreement and transaction proposed in other Transaction Documents and cooperating to provide all necessary data.

 

13.5 Tax

 

Unless otherwise agreed herein, the parties hereto
shall bear own taxes related to the Capital Increase.

 

13.6 Severability

 

If any of the provision of the Agreement becomes
invalid, illegal or unenforceable in whole or in part for any reason in any respect, the validity, legality and enforceability of the
remaining provisions of the Agreement shall not be affected or diminished in any way.

 

13.7 Applicability

 

Except as otherwise provided herein, the Agreement
shall apply to the parties and their respective permitted successors and shall be binding upon the parties and their respective permitted
successors.

 

    23

     

    

 

13.8 Entire agreement

 

The Agreement and other Transaction Documents
(including their respective appendices and Annexes) constitute the entire agreement with respect to the Capital Increase and supersede
all prior consultations, negotiations, agreements and memoranda between the parties with respect to the Capital Increase. For matters
related to the Capital Increase not stipulated in the Agreement, the provisions of other Transaction Documents shall be applied and observed.
When the Company submits relevant documents agreed by the Investor of Current Round to the administration for market regulation and such
documents are accepted by the administration for market regulation, the parties shall promise and confirm that if such documents go conflict
with or are inconsistent with the provisions of the Agreement and other Transaction Documents, or such documents do not stipulate but
the Agreement or other Transaction Documents stipulate, the stipulations of the Agreement or other Transaction Documents shall prevail.

 

The parties confirm that the signing and effectiveness
of the Agreement will not affect the validity of the investment documents of previous round, and the respective provisions of the Agreement
and the investment documents of previous round shall be interpreted in accordance with the following principles: (i) In case of any inconsistency
between the provisions of the investment documents of previous round and those of the Agreement, the provisions of the Agreement shall
prevail; (ii) Where there is a stipulation in one document but not in another, such stipulation shall prevail; (iii) In respect of a particular
matter, the subsequent agreement shall supersede the previous agreement in the case they have the same contract signing party.

 

13.9 Non-transferable

 

Except as otherwise provided herein, neither party
shall transfer its rights and obligations under the Agreement to a third party without the prior written consent of the other parties.
Notwithstanding the foregoing, the Investor of Current Round may transfer any right and obligation under the Agreement to any third party
upon prior notice to other parties without the prior written consent of other parties.

 

In addition, unless otherwise agreed upon through
negotiation, the parties hereto shall urge any new shareholder of the Company who will directly or indirectly hold the equity of the Company
in the future to sign a binding accession agreement according to the format set out in Appendix IV of the Agreement on the date of becoming
a new shareholder of the Company in accordance with the provisions of Chinese law and provisions of the parties hereto. Accordingly, the
new shareholders of the Company who will directly or indirectly hold equity of the Company in the future agree to abide by all provisions
of the Agreement and be bound by all articles of the Agreement.

 

    24

     

    

 

13.10 Legal changes

 

The parties agree that, after the signing of the
Agreement, when the changes to relevant listing rules, accounting policies, audit policies, tax policies and relevant laws and regulations
of China Securities Regulatory Commission, Ministry of Finance, State Taxation Administration (“legal changes”) cause adverse
influence on the interests of relevant parties of the Agreement, the parties shall mutually negotiate and make the best efforts to make
necessary adjustment, including but not limited to modifying the Agreement and through arrangement of other form, making the party that
suffers from the adverse effect to maintain the interests obtained from the Agreement at the same level of interests that this party can
obtain according to the Agreement before the legal changes.

 

13.11 Notice

 

All notices or other communications under the
Transaction Documents (“notices”) shall be made in writing and delivered to the contact addresses of the parties as set forth
in Appendix III or other address designated by the parties as updated in the written notice that can be sent 7 days in advance after the
signing of the Agreement. If any party whose contact address is changed fails to send a written notice as aforesaid in time, the party
shall bear the losses caused thereby.

 

The time of service of all notices shall be confirmed as follows: (i) The notice delivered face to face shall be deemed to be served when
it is signed by the notified person; (ii) The notice sent by registered express mail or EMS shall be deemed to be served on the 7th Working
Day after the registered express mail is delivered or when it is signed by the notified person; or (iii) The notice sent by mail shall
be deemed to be served when the mail system shows that it is actually received by the notified person.

 

13.12 Text and signing

 

The Agreement is signed in 10 originals, all of
which have the same legal effect. The parties agree that the Agreement may be signed by fax or by exchanging electronically scanned signing
pages, provided that each party shall, within five (5) Working Days from the date of exchanging signing pages, provide the other parties
with the original of respective signing page according to the number of original copies as agreed herein.

 

(No text below)

 

    25

     

    

 

(No text on this page, this page is the signing
page of Capital Increase Agreement of Suzhou Industrial Park Hongrun Rural Small Amount Loan Co., Ltd.)

 

In witness whereof, the parties hereto have signed
the Agreement on the date set forth in the Agreement

 

Suzhou Industrial Park Hongrun Rural Small Amount
Loan Co., Ltd. (seal)

 

Signature of legal representative:

 

Signing page of Capital Increase Agreement

 

     

     

    

 

(No text on this page, this page is the signing
page of Capital Increase Agreement of Suzhou Industrial Park Hongrun Rural Small Amount Loan Co., Ltd.)

 

In witness whereof, the parties hereto have signed
the Agreement on the date set forth in the Agreement

 

Jiangsu Longrich Group Co., Ltd. (seal)

 

Signature of legal representative:

 

Signing page of Capital Increase Agreement

 

     

     

    

 

(No text on this page, this page is the signing
page of Capital Increase Agreement of Suzhou Industrial Park Hongrun Rural Small Amount Loan Co., Ltd.)

 

In witness whereof, the parties hereto have signed
the Agreement on the date set forth in the Agreement

 

Jiangsu Zhongding Real Estate Development Co.,
Ltd. (seal)

 

Signature of legal representative:

 

Signing page of Capital Increase Agreement

 

     

     

    

 

(No text on this page, this page is the signing
page of Capital Increase Agreement of Suzhou Industrial Park Hongrun Rural Small Amount Loan Co., Ltd.)

 

In witness whereof, the parties hereto have signed
the Agreement on the date set forth in the Agreement

 

Suzhou Fangce Information Consulting Service Co.,
Ltd. (seal)

 

Signature of legal representative:

 

Signing page of Capital Increase Agreement

 

     

     

    

 

(No text on this page, this page is the signing
page of Capital Increase Agreement of Suzhou Industrial Park Hongrun Rural Small Amount Loan Co., Ltd.)

 

In witness whereof, the parties hereto have signed
the Agreement on the date set forth in the Agreement

 

Jiangsu Lingfeng Textile Group Co., Ltd. (seal)

 

Signature of legal representative:

 

Signing page of Capital Increase Agreement

 

     

     

    

 

(No text on this page, this page is the signing
page of Capital Increase Agreement of Suzhou Industrial Park Hongrun Rural Small Amount Loan Co., Ltd.)

 

In witness whereof, the parties hereto have signed
the Agreement on the date set forth in the Agreement

 

Jiangsu Changshu Huantong Industrial Co., Ltd.
(seal)

 

Signature of legal representative:

 

Signing page of Capital Increase Agreement

 

     

     

    

 

(No text on this page, this page is the signing
page of Capital Increase Agreement of Suzhou Industrial Park Hongrun Rural Small Amount Loan Co., Ltd.)

 

In witness whereof, the parties hereto have signed
the Agreement on the date set forth in the Agreement

 

Zhao Jianhua

 

Signature:

 

Signing page of Capital Increase Agreement

 

     

     

    

 

(No text on this page, this page is the signing
page of Capital Increase Agreement of Suzhou Industrial Park Hongrun Rural Small Amount Loan Co., Ltd.)

 

In witness whereof, the parties hereto have signed
the Agreement on the date set forth in the Agreement

 

Huang Tiancheng

 

Signature:

 

Signing page of Capital Increase Agreement

 

     

     

    

 

(No text on this page, this page is the signing
page of Capital Increase Agreement of Suzhou Industrial Park Hongrun Rural Small Amount Loan Co., Ltd.)

 

In witness whereof, the parties hereto have signed
the Agreement on the date set forth in the Agreement

 

Lin Fenfang

 

Signature:

 

Signing page of Capital Increase Agreement

 

     

     

    

 

(No text on this page, this page is the signing
page of Capital Increase Agreement of Suzhou Industrial Park Hongrun Rural Small Amount Loan Co., Ltd.)

 

In witness whereof, the parties hereto have signed
the Agreement on the date set forth in the Agreement

 

Shanghai Juhao Information Technology Co., Ltd.
(seal)

 

Signature of legal representative:

 

Appendix II of Capital Increase Agreement

 

     

     

    

 

Appendix I Basic Situation of the Company

 

 

 

 

 

 

 

 

 

 

 

Appendix II of Capital Increase Agreement

 

     

     

    

 

Appendix II List of Key Personnel

 

 

 

 

 

 

 

 

 

Appendix II of Capital Increase Agreement

 

     

     

    

 

Appendix III Contact Addresses of the Parties

 

 

 

 

 

 

 

 

Appendix I of Capital Increase Agreement

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