Document:

Exhibit
10.4

 

Enterprise
Loan Contract

 

ZHUJIANG
RURAL BANK

 

IMPORTANT
NOTES

 

In
order to safeguard your interests, please read the following notes carefully before signing this contract:

I.
You have the necessary legal knowledge related to the loan and guarantee.

II.
You have read and understood all the terms of this contract and have given full attention to the contents to your rights and obligations.

III.
You have ensured that the relevant certificates and materials submitted are authentic, lawful, and valid.

IV.
You have confirmed that you have the right to sign this contract.

V.
All terms hereof are true expressions of the will of both parties.

VI.
Please use a pen to fill in the information required

  

    1

     

    

 

Enterprise
Loan Contract

Contract
No.: 0200001101900221

 

Party
A (Borrower): Shenzhen Yangang Mingzhu Freight Industry Co., Ltd.

Address:
Zone A, 27th Floor, Yantian Industry Service Center, No. 3018, Shayan Road, Shajiao Street, Yantian District, Shenzhen

Zip:
518000

Legal
representative/person in charge: Jinlong Yang

Contact:

Telephone
number:

Fax
No. :

 

Party
B (Lender): Shenzhen Pingshan Zhujiang Rural Bank Co., Ltd

Address:
32nd floor, 33rd floor and 165-166 shops, Block H, Liuhe Commercial Plaza, Pingshan Street, Pingshan district, Shenzhen

Zip:
518000

Legal
representative/person in charge: Wu Bin

Contact:
Kaiwen Zhu

Telephone
number: **********

Fax
No. :

 

In
accordance with the contract law of the People's Republic of China and other relevant laws and regulations, and based on the principles
of voluntariness, equality, mutual benefit, and good faith, Party A and Party B have reached an agreement to conclude this contract
through consultation.

 

Article
1 Loan amount and currency

 

The
currency of loan under this contract is Renminbi, the amount is: (in words) Three Million Yuan Only.

 

Article
2 Purpose of loan

 

The
loan under this contract is used for working capital. Without written consent of Party B, Party A shall not change the
purpose of the loan arbitrarily. The Party B has the right to examine and monitor the use of loan. The payment of loan is to be
monitored and managed by Party B.

 

The
loan under this contract is not allowed to be used on fixed assets acquisition, investment in shares and prohibited purposes of
production and operation.

 

Article
3 Loan term

 

The
term of loan under this contract is 12 months from May 6, 2019 to May 5, 2020. The actual term of loan shall refer
to the actual disbursement date and maturity date written in the receipt of loan.

 

Article
4 RMB loan interest rate

 

4.1
Interest rate

 

The
RMB benchmark lending interest rate refers to the loan interest rate with corresponding term and corresponding grade published
by the People’s Bank of China;

  

    2

     

    

 

The
RMB loan interest rate under this contract is calculated by the RMB Benchmark Lending Interest Rate with fluctuations. The interest
rate hereby is 5.4375‰, and it is converted as follow: monthly interest rate = annual interest rate /12, daily interest
rate = annual interest rate /360.

 

4.2
Interest rate adjustment

 

Prior
to the disbursement of loan, if the benchmark interest rate is adjusted and applied to the loan hereunder, the new benchmark interest
rate shall be applied and the loan interest rate shall be redetermined in accordance with the original floating proportion; After
the disbursement of the loan, if the benchmark interest rate is adjusted, the loan interest rate shall be determined in manner
A as follows:

 

A.       Remain
unchanged

B.       Adjust
annually

C.       Adjust
quarterly

D.       Adjust
monthly

E.       Others
/ 

 

4.3
The settlement of interest is determined as in the way of A below:

 

A.
Settled monthly, the interest payment date is the 20th day of every month, the last interest payment date is the date of maturity.

 

B.
Settled quarterly, the interest payment date is the 20th day of every month, the last interest payment date is the date of maturity.

 

C.
/ .

 

Article
5 Interest rates on foreign exchange loans

 

5.1
Foreign exchange borrowing rate shall be determined in the following manner of / :

 

A.
Fixed annual interest rate of %;

 

B.
A / months term of / (LIBOR/ HIBOR) + / % spread of the floating rate, floating once / month. LIBOR
(London Interbank Offered Rate) is the corresponding LIBOR rate shown on the "LIBOR=" page of the financial telecommunication
terminal of Reuters (11:00 noon London time) two banking days before the beginning of each interest period. HIBOR (Hong Kong interbank
offered rate) is the corresponding offered rate shown in the "HIBOR =" page of financial telecommunication terminal
of Reuters (REUTRES) two banking days before the beginning of each interest period (11:00 noon Hong Kong time).

 

5.2
Interest on foreign exchange loan is calculated according to the actual calendar days used, that is, 365 days in a year (366 days
in leap years), and each month is the actual number of days in the calendar of that month. The formula of interest is: interest
= outstanding principal × actual calendar days of interest period × daily interest rate (daily interest rate of HK
dollar and pound loan = annual rate / 365. The daily interest rate on loans in us dollars and other currencies = annual rate /
360).

 

Article
6 Drawdown

 

6.1
Party A's drawdown must meet the following conditions:

 

6.1.1
Party A has opened a repayment account with Party B;

 

6.1.2
This contract has come into effect, and Party A has completed the administrative license, approval, registration, and other legal
procedures related to the loan hereunder in accordance with the provisions of relevant laws, regulations and rules and requirements
of Party B;

 

6.1.3
Party A has submitted relevant documents that meet the requirements of Party B;

 

6.1.4
All procedures agreed by both parties have been completed for the security hereunder and Party B's mortgage and/or collateral
has been established and remains valid;

  

    3

     

    

 

6.1.5
Party A has signed the loan agreement and has not violated any of the provisions hereof;

 

6.1.6
At the time of drawdown, the collateral and securities made by Party A as a result of signing this contract are still true and
valid;

 

6.1.7
At the time of drawdown, Party A's operating and financial conditions are similar to that at the time of signing this contract,
without any material adverse change;

 

6.1.8
For entrusted payment by the lender, relevant transaction materials and certificates proving that the loan purpose meets the conditions
stipulated in the contract, and written documents authorizing Party B to disburse the loan funds to the relevant counterparties
of Party A;

 

6.1.9
Other conditions that Party A shall meet in accordance with laws, regulations or requirements of Party B.

 

6.2
Party A chooses to withdraw the loan hereunder in the following manner A :

 

A.
According to the loan contract;

B.
A lump sum withdrawal on either a /  day, / month, or / year;

C.
Withdrawal shall be made in installments according to the following time and amount:

/
Day, /  year, /  amount (in words) / 

/
Day, /  year, /  amount (in words) / 

/
Day, /  year, /  amount (in words) / 

/
Day, /  year, /  amount (in words) / 

/
Day, /  year, /  amount (in words) / 

 

6.3
The loan disbursement and repayment under this contract shall be made in the following manner B :

 

A.
Discretionary payment by the borrower method, that is, according to Party A's loan disbursement application, Party B shall directly
release the loan to the Loan Account opened by Party A at Party B's place, and Party A will have the discretion to use the fund
for purposes stipulated in the contract;

 

B.
Entrusted payment by the lender method, that is, Party B shall, according to the loan application and payment entrustment of Party
A, release the loan funds through the loan account opened by Party A at Party B’s place so Party A can use the funds as
stipulated in the contract;

 

C.
If the single payment amount exceeds RMB yuan or the equivalent amount in foreign currency, the entrusted payment method shall
be adopted; if the single payment amount does not exceed the above standards, the borrower's independent payment method shall
be adopted;

 

D.
Other ways / .

 

During
the loan disbursement and repayment period, in the event any of the following events occur, Party B shall have the right to revise
the terms of the loan, including the disbursement and repayment terms, or stop the issuance of the loan:

 

(a)
Declining credit standing;

(b)
Weak profitability of main business;

(c)
Failure to repay the loan as agreed in the contract;

(d)
Abnormal use of loan funds.

 

6.4
Regardless of the payment method adopted, Party A and Party B agree that the following account will be used as the Loan Account
and principal and interest repayment account under this contract, and Party A hereby irrevocably authorizes Party B to transfer
the loan into the following account when the conditions mentioned in Section 6.1 have been met:

 

Account
name: Shenzhen Yangang Mingzhu Freight Industry Co., Ltd

Bank
name: Shenzhen Pingshan Zhujiang Rural Bank

Account
number: **********

  

    4

     

    

 

6.5
After meeting the conditions stipulated in paragraph 1 of this article, Party A shall go through the withdrawal procedures with
Party B in accordance with this contract and sign the loan certificates of indebtedness with Party B.

 

6.6
The loan made by Party B when Party A fails to meet the withdrawal conditions stipulated in paragraph 1 of this article shall
not constitute a performance defect of Party B.

 

Article
7 Repayment

 

7.1
Party A agrees to repay the loan under this contract in the following manner E :

 

A.
Repay the loan on the date of maturity in one payment;

 

B.
Repayment in installments in the following order, time and amount:

 

/
Day, /  year, /  amount (in words) / 

/
Day, /  year, /  amount (in words) / 

/
Day, /  year, /  amount (in words) / 

/
Day, /  year, /  amount (in words) / 

/
Day, /  year, /  amount (in words) / 

 

C.
Repay principal on a / (monthly/quarterly) declining basis.

 

D.
Repay principal in equal amount on a / (monthly/quarterly) basis.

 

E.
Others: Pay monthly interest and repay principal in stages (return 10% of principal every 6 periods and return the remaining
principal and interest when due)

 

7.2
Party A shall deposit the payable amount (interest and principal) in full into the account opened by Party B before the expiry
date of the service date (Beijing time), and Party B shall have the right to deduct the amount directly from the account;

 

7.3
Party B shall have the right to directly deduct from the account opened by Party A at any institution affiliated to Shenzhen Pingshan
Zhujiang Rural Bank Co., Ltd. If the currency of the remittance is different from that of the contract, the foreign exchange rate
(selling rate) published by Party B on the day of deduction shall be adopted.

 

7.4
The amount paid by Party A (including the amount received by Party B under this contract) shall be repaid in the following order:
expenses for realization of claims and security rights, damages, liquidated damages, compound interest, overdue interest and penalty
interest, interest and principal, all of which may be revised by Party B.

 

7.5
Party A shall designate the account and/or the following account as the special fund collection account specified in Section 6.4
hereof, and shall promptly provide Party B with the fund inflow and outflow of such account. Party A agrees that Party B can monitor
and manage the account’s inflow and outflow of funds.

 

Account
name: Shenzhen Yangang Mingzhu Freight Industry Co., Ltd.

Bank
name: Shenzhen Pingshan Zhujiang Rural Bank

Account
number: *********************

 

Article
8 Prepayment and extension

 

8.1
If Party A wishes to prepay the principal of loan in advance, it shall submit a written application to Party B 30 days in advance.
With the consent of Party B, Party A may repay part or all of the principal in advance.

  

    5

     

    

 

8.2
Party A may prepay the principal provided that it has paid off the amount due to Party B. If Party A prepays part of the principal,
it must first settle the current amount payable. For the principal prepaid by Party A, the interest shall be calculated and collected
in the following manner: interest = the amount repaid in advance × the daily interest rate of prepayment × actual
days of occupancy (the previous interest settlement date to prepayment date). The interest calculated and collected before will
not be adjusted.

 

8.3
Written notice of prepayment shall not be revoked. If Party A fails to repay the loan on the scheduled prepayment date, Party
B shall have the right to calculate and collect the penalty interest at the overdue penalty interest rate.

 

8.4
If Party A prepays, Party B shall have the right to charge liquidated damages for prepayment in the following manner of / :

 

A.
If the loan is prepaid within months after the actual disbursement, liquidated damages = the amount returned in advance ×
%; If the loan is prepaid after months after actual disbursement, liquidated damages = the amount returned in advance ×
%

 

B.
Liquidated damages = loss of interest on principal repayments from the repayment date to the due date × %

 

C.
Other ways: / 

 

8.5
If Party A fails to repay the principal and interest of the loan hereunder on schedule and needs to extend the loan, it shall
submit a written application to Party B 30 days before the maturity date of the loan. If Party B approves the extension, both
parties shall sign a separate extension agreement. If Party B does not agree to extend the term, Party A shall repay the principal
and interest of the loan as agreed herein.

 

Article
9 Loan Security

 

9.1
Party A shall provide security to the performance of this contract as required by Party B. The modes of security under this contract
may be one or more of the modes of guarantee security, mortgage security, pledge security or other security.

 

9.2
The loan hereunder is secured by one or more of the following security

 

A.
Guarantor: / sign the Guarantee Contract with Party B with no. ;

 

B.
Mortgagor: / sign the Mortgage Contract with Party B with no. ;

 

C.
Pledgor: Jinlong Yang  signs the Pledge Contract with Party B No. 0200072201900293;

 

D.
/ 

 

E.
/ 

 

9.3
If the creditor's rights hereunder fall under the security of maximum amount, one or more of the following security shall be adopted.

 

A.
Guarantor: Jinlong Yang and Guizhi Yang sign the Guarantee Contract of Maximum Amount with Party B with No. 0200073201917259;

 

B.
Mortgagor: /  sign the Mortgage Contract of Maximum Amount signed with Party B with no / .

 

C.
The pledgor: /  sign the Pledge Contract of Maximum Amount with Party B with no. /  ;

 

D.
/ 

 

E.
/ 

  

    6

     

    

 

9.4
All guarantees for the obligations under this loan contract include but are not limited to those referred to in the preceding
two paragraphs.

 

Article
10 Rights and Obligations of Party A

 

10.
Party A warrants to the bank that it is a company duly incorporated under the applicable law. It shall have the right to dispose
of its property of the business’s operation and management, have the right to run the business related to purpose under
this contract, have the right to sign and perform this contract, have the right to sign this contract with the support and approval
of the relevant department, board of directors, or via the company’s shareholders meeting, and obtain all necessary approvals
required;

 

10.2
Party A warrants that its execution and performance hereof will not violate any provisions or agreements binding on Party A and
its assets, or any security agreements, other agreements signed by Party A and others and any other documents, agreements and
commitments binding on Party A;

 

10.3
Party A warrants to use the loan for the purposes agreed herein;

 

10.4
Party A warrants to repay the principal and interest of the loan as agreed herein;

 

10.5
Party B shall, as required by Party B, cooperate with Party B in pre-loan due diligence, loan repayment management, in-loan examination
and post-loan inspection, and provide the following materials in a timely manner:

 

10.5.1
Business license and annual inspection certificates, legal person code, proof of legal representative identification, and other
necessary personal information, members of the board of directors and major person in charge, list of financials in charge, business
license and tax registration certificate that pass the tax department’s annual inspection, copies of tax return’s
documents as requested by Party B, loan certificate (card);

 

10.5.2
All bank accounts opened, account numbers, deposit and loan information;

 

10.5.3
Party B shall provide audited balance sheets, income statements, owner's equity change statement, sales volume, cash flow statement,
financial statements, notes and explanations as required by Party B;

 

10.5.4
Production and operation plans, projections, statistical statements, project budgets and final accounts;

 

10.5.5
All external (including any institution of Party B) security;

 

10.5.6
Information of all affiliated enterprises and related relationships, and related transactions that have taken place or will take
place accounting for more than 10% of their net assets, as well as mutual guarantees among group customers;

 

10.5.7
The occurrence of litigation, arbitration, administrative punishment, debt disputes with others and the occurrence of criminal
prosecution of individual management personnel;

 

10.5.8
The use of the loan hereunder.

 

10.6
Party A shall, within thirty (30) days prior to the occurrence of the following matters, give a written notice to Party B and
impose Party B with the liability for paying off the debts hereunder as agreed in writing by Party B or provide Party B with a
new contract which Party B agrees in writing; otherwise, it shall not conduct the following activities before paying off all the
debts hereunder. These matters include but are not limited to contracting, leasing, trusteeship, restructuring, debt restructuring,
merger, equity restructuring, joint venture (cooperative), reduction of registered capital, division, liquidation, dissolution
(or revocation), application for reorganization, application for bankruptcy or settlement, issuance bonds or borrow funds from
a third party such as the substantial increase in debt financing.

  

    7

     

    

 

10.7
In the event of declaration of suspension for rectification, winding up, dissolution, bankruptcy or any other change enough to
endanger the safety of its normal operation or Party B’ claim. Party A should notify Party within three days of occurrence
of such events in writing and at the same time take full effective measures to protect Party B's claims.

 

10.8
If Party A changes its domicile, name, legal representative or other senior management personnel, it shall notify Party B in writing
within seven days after the change.

 

10.9
Party A shall not enter into any contract with any third parties that is detrimental to Party B's rights and interests hereunder:

 

10.10
If Party A is a group client, Party A shall provide to Party B the group’s related information, including but not limited
to the members of the group’s names, legal representatives, actual controllers, registered capital, the main business, equity
structure, senior management, financial position, material assets, guarantee and significant lawsuits, etc.; Party B shall promptly
report in writing to Party B the related transactions of its net assets of more than 10% (including 10%), including but not limited
to the related relationships of the parties, the transaction items and nature, the transaction amount or the corresponding proportion,
and the pricing policies of the transactions;

 

10.11
If the surety breaches any obligation or promise stipulated in the security contract, or loses the capability of security, Party
A shall immediately provide a new security approved by Party B or pay off the loan hereunder in advance.

 

10.12
If there is any third-party guarantee used as a security, then Party A shall be the guarantor for any abnormalities, including
but not limited to, was seriously ill, missing or declared missing, death or dead (suitable for guarantee human natural persons)
or winding up, dissolution, liquidation, bankruptcy, reorganization and reconciliation, mediation, clean up and/or similar legal
process (applicable to company as guarantee), the written notice to Party B within 7 days after the event, and provide new security
as requested by Party B.

 

10.13
Party A warrants that it shall provide necessary documents and materials as required by Party B and that the documents and materials
provided are true, accurate, lawful and effective.

 

10.14
Party A undertakes that the energy conservation and emission reduction of the project supported by the loan hereunder shall comply
with national laws and regulations and regulations of regulatory authorities. If Party A fails to fulfill its commitment or the
risk of energy consumption or pollution occurs, Party B may take the following measures: accelerate the recovery of the loan under
this contract; or announce the early maturity of the loan under this contract. When Party B takes the above-mentioned measures,
Party A agrees that Party B shall exercise the relevant security rights in advance.

 

10.15
Party A undertakes to inform Party B in time of adverse significant events affecting Party A's solvency.

 

10.
16 Party A undertakes to cooperate with Party B in the relevant inspection of the loan, and regularly summarize and report the
payment of the loan funds as required by Party B.

 

10.17
If real property of Party A is used as collateral, and Party A has knowledge that the property is disposed of, they should inform
Party B in a timely manner. If Party A fails to inform Party B in a timely manner and the collateral is lost, Party B shall have
the right to stop the disbursement or recover the loan in advance.

  

    8

     

    

 

Article
11 Rights and Obligations of Party B

 

11.1
Party B shall have the right to request Party A to provide materials related to the loan hereunder.

 

11.2
Party B shall have the right to supervise and inspect the usage of loan under this contract, monitor Party A's business activities,
financial position, security and debt disputes, have the right to request Party A on a regular basis to report usage of loan.
Party B has the right to, through the analysis of the account voucher or field investigation, examine whether the loan repayment
complies with the terms in the contract.

 

11.3
Under the premise that Party A has fully performed the obligations set forth in this contract and meets the conditions for loan
disbursement, Party B shall disburse the loan to Party A in accordance with the term and amount determined by the contract signed
by both parties, except for the delay caused by Party A.

 

11.4
Party B shall keep confidential the information and information related to its debts, finance, production and operations provided
by Party A, except as otherwise provided by laws and regulations.

 

11.5
During the validity period of this contract, Party B shall timely release the notice of change of address when it changes the
domicile.

 

11.6
Party B has the right to recover the loan in advance according to Party A's inflow.

 

Article
12 Validity, alteration and termination of the contract

 

12.1
This contract shall come into force on the date of the contract signed and sealed by both parties. If the date of signature and
seal by both parties is inconsistent, the contract shall come into force on the date of signature and seal by the last party;

 

12.
2 After this contract comes into force, neither party shall amend it without authorization. In case of any modifications, both
parties shall reach a written amendment.

 

12.3
During the performance of this contract, in any of the following events, Party B shall have the right to suspend or terminate
this contract, recover the principal and interest of the loan in advance, and stop the loan disbursement:

 

12.3.1
In the case of installment payment, Party A fails to repay the loan principal or defaults on the interest for more than three
months in two consecutive terms;

 

12.3.2
Party A's business and financial position deteriorates, and it may not be able to repay the debts due, or involved in major economic
litigation or arbitration or other legal disputes, which seriously affects or threatens the realization of Party B's claims;

 

12.3.3
Serious crisis of the overall credit standing, business and financial condition of Party A's group members, which poses a major
threat to Party B's claims;

 

12.3.4
Winding-up, dissolution, suspension, revocation or cancellation of business license of Party A;

 

12.3.5
Party A fails to use the loan as agreed herein or fails to pay the principal, interest and other payables in full on schedule;

 

12.3.6
Party A fails to pay the loan funds as agreed herein;

 

12.3.7
Party A provides Party B with loan materials such as balance sheet, income statement or other materials that are false or conceal
important facts, or important business financial facts;

 

12.3.8
Party A refuses to accept Party B's supervision and inspection of its use of the loan and related production, operation and financial
activities;

 

12.3.9
Party A engages in speculative business or other illegal or illegal trading in securities, futures, real estate, etc. with the
loan;

 

12.3.10
Party A uses loan to make illegal income;

  

    9

     

    

 

12.3.11
Party A fraudulently obtains the loan;

 

12.3.12
Party A intends to evade or cancel Party B's claims through related transactions;

 

12.3.13
Changes in Party A’s mode of operation, its own system, legal status, including but not limited to, contracting, leasing,
trusteeship, asset restructuring, debt restructuring, joint stock restructuring, merger, acquisitions, transfer of property rights,
joint venture, reduction of registered capital, application for suspension of business operations, application for dissolution
(or revocation), application for reorganization, settlement and bankruptcy, without Party B's written consent, and impose the
liability for the settlement of the debts under this contract or provide a new contract approved by Party B;

 

12.3.14
The security under this contract are subject to changes that may affect Party B's creditor's rights, including but not limited
to the damage, loss or value reduction or loss of value, or the guarantor breaches any obligation as stated in the contract and
Party A fails to provide new security as required by Party B;

 

12.3.15
The security contract or any other security is ineffective, invalid, announced to be revoked, or the usrety has partially or completely
lost the ability to secure, or stated the security will not be fulfilled, or the surety violates any obligation or promise in
the contract, or violates the terms in the same contract signed with a third party, or Party A fails to provide a new security
according to the terms required by Party B;

 

12.3.16
The representations and warranties made by Party A are not true, accurate or conceal material facts, or Party A fails to abide
by its covenants hereunder;

 

12.3.17
Party A violates the constraint of financial indicators agreed with Party B;

 

12.3.18
A major cross-default occurs to Party A;

 

12.3.19
Party A expressly states or indicates by its own conduct that it will not perform its obligations under this contract. Other circumstances
that may cause the realization of Party B's claims under this contract to be threatened or suffer serious losses.

 

Article
13 Liability for breach of contract

 

13.1
Due to reasons that Party A or the surety under this contract cannot perform the security contract, or the Party A cannot go through
the procedure requested by Party B within 30 days (including statutory holidays and vacations), Party B has the right to rescind
the contract and recover the loans disbursed in advance.

 

13.2
If Party A fails to repay the loan principal payable at the due date (including the early maturity date) according to the repayment
terms stipulated in the contract. From the due date, the penalty interest rate is the interest rate agreed in this contract plus
50 %. If Party A fails to pay the interest on schedule, the interest shall be calculated and compounded at the penalty
interest rate agreed in this paragraph.

 

13.3
If Party A fails to use the loan for the purpose agreed herein, the penalty interest rate shall be the interest rate agreed herein
plus 100%, and the penalty interest and compound interest shall be calculated accordingly.

 

13.4
If the loan is overdue or not used in accordance with the purpose agreed herein, the overdue interest, penalty interest and compound
interest shall be calculated and collected on a monthly basis.

 

Article
14 Assignment

 

14.1
The Party B can assign its rights under this contract to any third party without Party A’s consent in advance.

  

    10

     

    

 

14.2
Without the written consent of Party B, Party A cannot assign its rights or obligation under this contract to any third party.

 

Article
15 Notarial provisions

 

Party
A and Party B agree and confirm that: if the contract is notarized by the notary authorization as a claim documents that deemed
enforceable and if Party B fails to pay the principal and other expenses on time, or Party B breaches the contract, Party A has
the right to directly apply to the People’s Court for enforcement, and Party B agrees it will accept the enforcement unconditionally
and waive any rights of defense.

 

Article
16 Dispute resolution

 

All
disputes arising out of this contract between Party A and Party B shall be settled through negotiation. If no agreement can be
reached through negotiation, either party may settle the disputes with the following method of A :

 

A.
Bring a lawsuit to the competent People's Court in the place where Party B is located;

 

B.
Submit the case to the /  arbitration commission for arbitration.

 

Article
17 Supplementary provisions

 

17.1
If Party A and Party B have signed the Comprehensive Credit Extension Contract No. 0200001201900252, then this contract
is the specific business contract under the Comprehensive Credit Agreement.

 

17.2
During the term hereof, if Party A fails to notify Party B in writing of any change in its legal name, legal representative and
domicile, all documents sent to Party A by Party B in accordance with such information as name, legal representative and domicile
before the change shall be deemed to have been served;

 

17.3
Party A shall bear all expenses related to registration, insurance, notarization, appraisal, evaluation and transportation under
this contract and its guarantee contract. If it is paid by Party B, Party B shall have the right to deduct it directly from Party
A's account.

 

17.4
If the contents of this loan contract are inconsistent with the loan agreement, the loan contract shall prevail;

 

17.5
This contract is made in duplicate, with one held by Party A and one held by Party B, and the legal effect
thereof shall be the same.

 

Article
18 Other provisions

/

 

    11

     

    

 

(signature
page, no text)

 

Party
A (seal)

Shenzhen
Yangang Mingzhu Freight Industry Co., Ltd [Corporate Seal Affixed Here]

 

Signature
of Party A's legal representative (or authorized representative):

/s/
Jinlong Yang

 

Date
of signing: April 29, 2019

  

Party
B (seal):

Shenzhen
Pingshan Zhujiang Rural Bank [Corporate Seal Affixed Here]

 

Signature
of Party B’s legal representative (or authorized representative):

/s/
Bin Wu

 

Date
of signing: April 29, 2019

  

Place
of signing: Shenzhen

 

12Exhibit
10.6

 

Middle
and Small Enterprise Business Credit Agreement

 

Contract
No.: 2018 Zhen Zhong Yin Dong Bu E Xie Zi No.7000112.

 

Party
A: Shenzhen Yangang Mingzhu Freight Industry Co., Ltd

 

Business
license number (unified social credit code): 914403007412009230

 

Legal
representative/person in charge: Jinlong Yang

 

Domicile:
Room 401B, No. 2 Warehouse Office Building, Yantian Port, Yantian Street, Yantian District, Shenzhen.

 

Postcode:
518000

 

Bank
name and account: Bank of China Shenzhen East Branch, **********

 

Telephone:
********** Fax: **********

 

Party
B: Bank of China Shenzhen East Branch

 

Legal
representative/person in charge: Huan Meng

 

Domicile:
74 Finance Road, Sha Tou Jiao, Yantian District, Shenzhen

 

Postcode:
518081

 

Telephone:
********** Fax: **********

 

In
order to develop friendly and mutually beneficial cooperative relationship, Party A and Party B have reached the following agreement
by consensus.

 

Article
1 Business scope

 

Party
B provides credit line to Party A under this agreement. Party A may apply for the utilization of credit line on a revolving, adjustment
or one-time basis according to this agreement and related individual agreement. The credit line can be used for short-term working
capital loans, trade financing, letter of guarantee, funds business and other credit business (generally referred to as the "individual
credit line business").

 

This
agreement, the term "trade financing business" includes international and domestic letter of credit, import bill advance,
delivery guarantee, packing loans, outward bill, acceptance bill discounting under the usance letter of credit, buyer bill advance
under domestic letter of credit, seller bill advance under domestic letter of credit, domestic letter of credit negotiation and
other international and domestic trade financing business.

 

The
letter of guarantee business in this agreement includes letter of guarantee/standby letter of credit and other international and
domestic letter of guarantee business.

 

Article
2 Types and amount of credit line

 

Party
B agrees to provide Party A with the following credit line:

 

Currency:
RMB.

 

The
amount is (in words) Fourteen Million Yuan Only;

 

(in
figures) ¥14,000,000.00.

 

The
specific types and amounts are as follows:

 

1.
The loan amount is RMB Fourteen Million Only, including:

 

(1)
Short-term current loan (loan amount) RMB Fourteen Million Only;

  

    1

     

    

 

Article
3 Use of credit line

 

1.
Within the term of the credit line stipulated in this agreement, Party A may use the corresponding credit line in accordance with
item (1) below within the limit of each individual credit line stipulated in this agreement:

 

(1)
Revolving use. The specific types of credit line include: short-term current loan (loan amount).

 

(2)
One-time use. The specific types of quota included are: // .

 

If
Party A needs to adjust the amounts among the individual credit limits provided in Article 2 or change the method of use provided
in paragraph 1 of this Article, it shall submit a written application to Party B so Party B may decide whether and how to make
such adjustment or change.

 

2.
As of the effective date of this agreement, based on the previously effective “Middle and Small Enterprise Business Credit
Agreement” or similar agreements and individual agreements, Party A’s balance of credit line already incurred in in
Party B shall be deemed as the credit line occurred under this agreement.

 

Among
them, the credit balance using the credit line will be deemed as using the credit line hereunder.

 

The
term previously effective Agreement of Credit Line for Small and Medium-Sized Enterprise Business or similar agreements and individual
agreements as agreed in the preceding paragraph refers to 2017 ZHEN ZHONG YIN DONG BU E XIE ZI No. 7000096 

 

3.
Unless otherwise agreed, the following matters would not be deemed as use of any credit line:

 

(1)
Outward bill with documents consistent to the letter of credit;

 

(2)
Party B approved negotiation or financing based on the drafts or funds under export letter of credit or domestic letter of credit
that issuing bank or guaranteed bank accepted/committed to pay/confirmed to pay/guaranteed to pay;

 

(3)
If Party A can provide deposit, national debt, certificate of deposit issued by Party B, or bank acceptance bill, letter of guarantee
or standby letter of credit accepted by Party B, the credit line under guarantee would not be considered as part of the corresponding
credit amount;

 

(4)
Other business that does not use the credit line as confirmed by both parties in written form.

 

Although
it does not use the credit line, its business agreement is still an individual agreement under this agreement and constitutes
an integral part of this agreement, and shall be bound by this agreement, unless otherwise agreed in such business agreement.

 

Article
4 Agreement to be signed for individual credit line business

 

If
Party A applies to Party B for the individual credit line business hereunder, it shall submit the corresponding application form
to Party B and/or sign the corresponding contract/agreement with Party B (collectively, the individual credit line agreement).

  

    2

     

    

 

Article
5 The term of the line of credit

 

The
credit line specified in Article 2 of this agreement shall be used from the effective date of this agreement, namely December
18, 2018 to December 18, 2019. Upon expiration of the term of the credit line mentioned in the preceding paragraph, if both
parties reach a consensus and Party B continues to provide the credit line to Party A, a supplementary agreement may be signed
in writing, specifying the new credit line and the term of use and other matters. The supplementary agreement shall form an integral
part of this agreement. The matters not agreed therein shall be governed by this agreement and shall have the same legal effect
as this agreement.

 

The
expiration of the credit line shall not affect the legal effect of this agreement, and shall not constitute a cause for termination
of this agreement. Party A and Party B shall continue to perform the individual credit line business in accordance with this agreement
and the relevant individual credit line agreement, and the rights and obligations that have occurred shall be fully performed.

 

Article
6 Conditions to individual credit line

 

For
individual credit line, Party A shall meet the following requirements as required by Party B:

 

1.
Maintain company documents, bills, seals, lists of relevant personnel and signature samples related to the execution of this agreement
and individual agreements for Party B, and fill in relevant vouchers;

 

2.
Open the account required for individual credit line business;

 

3.
The guarantee stipulated in this agreement and individual agreement has been effectively established;

 

4.
Other conditions of the business as stipulated in the individual agreement;

 

5.
Other conditions that Party B required to be met by Party A.

 

Article
7 Security

 

The
parties agree to guarantee Party B's debts incurred by Party A pursuant to this agreement and individual agreements in the following
ways:

 

■
Maximum guarantee

 

(1)
Jinlong Yang provides the maximum guarantee and sign the corresponding maximum guarantee contract.

 

(2)
Shenzhen Yangang Mingzhu Logistics Co., Ltd. provides the maximum guarantee and signs the corresponding maximum guarantee
contract.

 

■
Maximum mortgage

 

(1)
Guizhi Yang provides the maximum mortgage and sign the corresponding maximum mortgage contract.

 

(1)
Jinhua Yang provides the maximum amount of mortgage and sign the corresponding maximum amount of mortgage contract.

  

    3

     

    

 

■
Maximum pledge

 

(1)
Shenzhen Yangang Mingzhu Freight Industry Co., Ltd. provides the maximum pledge and signs the corresponding maximum pledge
contract.

 

☐
For the individual credit line business, sign the corresponding
guarantee contract for the business agreement respectively.

 

If
any event occurs to Party A or guarantor that Party B considers that it may affect the ability of fulfilling agreements; the guarantee
contract becomes invalid, cancelled or terminated; the financial condition of Party A or guarantor deteriorates or is involved
in a major lawsuit or arbitration case or for other reasons may affect its ability of fulfilling agreements; the guarantor breaches
the guarantee contract or other contracts between Party B; or the guarantee’s property depreciates, damages, loses or is
seized, resulting in the reduction or loss of the value of guarantee, Party B shall have the right to request and Party A shall
be obliged to provide new guarantee or replace guarantor to guarantee the debt hereunder.

 

Article
8 Representation and warranties

 

Party
A represents and warrants that:

 

1.
Party A is legally registered and existing, and has the full capacity for civil rights and conduct that required for signing and
performing this agreement;

 

2.
The execution and performance of this agreement and individual agreements is based on the true intention of Party A, which has
obtained legal and effective authorization in accordance with its articles of association or other internal management documents
and will not violate any agreement, contract and other legal documents binding on Party A. Party A has obtained or will obtain
all relevant approvals, permits, documents or registrations needed for the execution and performance of this agreement;

 

3.
All documents, financial statements, vouchers and other materials provided by Party A to Party B under this agreement and the
individual agreement are true, complete, accurate and valid;

 

4.
The transaction undertaken by the Party A that apply to the Party B for business hereunder is true and legal, which is not used
for illegal purposes such as money laundering;

 

5.
Party A does not conceal from Party B any events that may affect the financial status and performance ability of Party A and the
guarantor.

 

6.
Other matters declared by Party A: //// . 

 

Party
A agrees to:

 

1.
Submit its financial statements (including but not limited to annual reports, quarterly reports and monthly reports) and other
relevant materials to Party B on a regular or timely basis as required by Party B;

 

2.
Accept and cooperate with Party B on the inspection and supervision of use of the credit line and related production, operation
and financial activities;

 

3.
If Party A signs a counter-guarantee contract or similar contract with the guarantor of this agreement in respect of its guarantee
obligations, the contract shall not prejudice any rights of Party B under this agreement;

  

    4

     

    

 

4,
If any events may affect the financial position and performance of the Party A or the guarantor, including but not limited to
any form of division, merger, joint operation, joint operation with foreign capital, cooperation, subcontracting, restructuring,
transformation, proposed listing of shares and other changes in business practice, reduction of its registered capital, a transfer
of major asset or equity, undertaking major liabilities, a new material debt on the mortgaged property, the seizure of collateral,
dissolution, cancellation, application of bankruptcy, or involved in significant litigation or arbitration cases, Party A shall
inform Party B promptly;

 

5.
For matters not stipulated in this agreement and the individual agreement, Party A agrees to handle in accordance with relevant
provisions and business practices of Party B;

 

6.
If Party A provides any guarantee to any other institution, the guarantee conditions shall not be superior to those provided to
Bank of China.

 

7.
Before the settlement of the debts hereunder, if Party A or Jinlong Yang or Shenzhen Yangang Mingzhu Freight Industry Co.,
Ltd. have any bad credit record, including but not limited to overdue interest, Party B shall have the right to withdraw the
credit in advance;

 

8.
Prior to the settlement of the debts hereunder: If Party A needs to apply for new financing business by means of mortgage or pledge,
it shall give priority to cooperate with Party B.

 

9.
Before the debt is settled under this agreement, the assets that Party A has not pledged or mortgaged shall not be pledged or
mortgaged to any third party other than Party B, and the assets that Party A has already registered as pledged or mortgaged shall
not be pledged or mortgaged to any third party other than Party B.

 

10.
Prior to the settlement of the debts hereunder, Party A shall obtain the written consent from Party B under the following circumstances:
providing guarantee to the third party, paying dividends to shareholders, repaying shareholders' loans, raising funds from other
banks, raising funds from other banks by mortgage of all machines and equipment, and repay loans to other banks in advance.

 

11.
From the month following the first drawdown of Party B to the day before the settlement of the debts hereunder, the sales amount
collected by Party A via the corporate bank account opened at Party B shall not be less than RMB 15 million per quarter;

 

Article
9 Disclosure of related parties and related transactions within the group to which Party A belongs

 

The
parties agree that the following clause 1 shall apply:

 

1.
Party A is not a group client determined by Party B in accordance with the Guidance of Risk Management by Commercial Banks for
Granting Credit to Customer Groups (hereinafter referred to as the Guidelines).

 

2.
Party A shall, in accordance with Article 17 of the Guidelines, report to Party B in a timely manner the related transactions
with net assets of more than 10 %, including the related relationship between the parties to the transaction, the transaction
items and the nature of the transaction, the amount of the transaction or the corresponding proportion and pricing policy (including
transactions with no amount or only symbolic amount ).

  

    5

     

    

 

Article
10 Event of default

 

Any
of the following shall constitute or be deemed as an event of default by Party A under this agreement and the individual agreements:

 

1.
Party A fails to perform the repayment and settlement obligations to Party B in accordance with provisions of this agreement and
individual agreements;

 

2.
Party A fails to use the funds obtained for the agreed purposes in accordance with provisions of this agreement and individual
agreements;

 

3.
The statement made by Party A in this agreement or the individual agreement is not true or violates its commitments made in this
agreement or the individual agreement;

 

4.
Party A fails to provide a new guarantee or replace a guarantor in accordance with the provisions of Article 8, paragraph 2, clause
4 of this agreement if Party B considers it may affect Party A's financial position and performance ability, or may affect the
financial position and performance ability of guarantor;

 

5.
Party A terminates its business or causes dissolution, cancellation or bankruptcy;

 

6.
Party A violates other provisions of the rights and obligations of the parties in this agreement or the individual agreement;

 

7.
Party A breaches other contracts;

 

8.
The guarantor breaches the provisions of the guarantee contract or breaches other contracts with Party B or other affiliated institutions
of Bank of China;

 

9.
Other early warning situations that Party B considers may affect Party A's performance ability: //// .

 

In
case of any breach of contract mentioned in the preceding paragraph, Party B shall have the right to take the following measures
separately or simultaneously:

 

1.
Requiring Party A and the guarantor to cure the breach within a specified period;

 

2.
Reducing, suspending or terminating all or part of the credit line extended to Party A;

 

3.
Suspending or terminating the acceptance of business applications of Party A under this agreement, individual agreement or other
agreements between Party A and Party B in whole or in part; suspending or terminating all or part of the outstanding loans, trade
financing and letter of guarantee services;

 

4.
Announcing all or part of the outstanding loans, trade financing funds, advance principal and interest of letter of guarantee
and other payables under this agreement, individual agreement or other agreements between Party A and Party B shall be due immediately;

 

5.
Terminating or rescinding this agreement, the individual agreement or other agreements between Party A and Party B in whole or
in part;

 

6.
Requiring Party A to compensate Party B for the losses caused by Party A's breach of contract;

 

7.
With notices before or after the occurrence, Party A’s deposit account in Party B used to pay off for the comprehensive
credit line and specific credit line under this contract. All the undue liabilities were deemed due. If the currency in deposit
account is different from the currency of the liabilities, the exchange rate on the date of the payment will be applied.;

  

    6

     

    

 

8.
Exercising of creditor’s right for collateral;

 

9.
Assume the guarantee responsibility on guarantors;

 

10.
Other necessary procedures that Party B deems necessary.

 

Article
11 Rights reserved

 

Either
party might reserve part of or all of the rights under this contract and the affiliated specific credit line contracts and this
does not imply such party has surrendered or remitted the unperformed rights and obligations.

 

Either
party might sometimes tolerate, extend or delay the execution of certain rights and this does imply as such party has surrendered
or remitted the rights.

 

Article
12 Amendment, Modification, Termination and Partial invalidity

 

Upon
negotiation and agreement by both parties, this contract can be amended and modified, and the written record of the changes and
modifications should form an integral part of this contract.

 

Unless
required by law or both parties formed a separate agreement, the contract would not be terminated prior to the full performance
of this contract.

 

Unless
required by law or both parties formed a separate agreement, the invalidity of certain terms under this contract should no invalidate
other terms under this contract.

 

Article
13 Applicable law and dispute resolution

 

Unless
otherwise agreed by the parties, the laws of the People's Republic of China shall apply to this agreement and individual agreements.

 

Unless
otherwise agreed by the parties, all disputes arising from the execution or performance of this agreement or individual agreement
or any disputes in connection with this agreement or individual agreement may be settled through negotiation after this agreement
or individual agreement comes into force. If no agreement can be reached through negotiation, either party may settle the dispute
in the clause 2 below:

 

1.
Submit to / arbitration committee for arbitration.

 

2.
Bring a lawsuit to the People's Court at the place of domicile of Party B or the other institutions of Bank of China that exercise
its rights and obligations pursuant to the agreement or the individual agreements.

 

3.
Bring a lawsuit in a competent People's Court according to law.

 

During
the dispute settlement period, if the dispute does not affect the performance of other provisions of this agreement or the individual
agreement, the other provisions shall continue to be performed. '

  

    7

     

    

 

Article
14 Fees

 

Unless
otherwise determined in accordance with law or agreed by the parties, Party A shall be accounted for the fees (including lawyer's
fees) arising from the conclusion, performance and dispute settlement of this agreement and individual agreements.

 

Article
15 Appendix

 

The
following annexes and other annexes and individual agreements confirmed by both parties shall form an integral part of this agreement
and have the same legal effect as this agreement.

 

Annex
1: Loan for Short-Term Working Capital.

 

Article
16 Other provisions

 

1.
Without the written consent of Party B, Party A shall not assign any rights and obligations under this agreement and individual
agreements to a third party.

 

2.
If Party B has to entrust other institutions of Bank of China to perform the rights and obligations under this agreement and individual
agreements due to business needs, Party A agrees to this. Other institutions of Bank of China authorized by Party B shall have
the right to exercise all rights under this agreement and the individual agreements, and shall have the right to bring a lawsuit
to the court or submit the dispute under this agreement and the individual agreements to an arbitration institution for adjudication.

 

3.
Without prejudice to other provisions of this agreement and the individual agreement, this agreement shall be legally binding
on both parties and their successors and assignee in accordance with the law.

 

4.
Unless otherwise agreed, both parties shall designate the place of domicile stated herein as the communication and contact address,
and promise to promptly notify the other party in writing when the communication and contact address are changed.

 

5.
Transactions under this agreement and individual agreements shall be conducted in their respective independent interests. If,
as required by relevant laws, regulations and regulations, other parties under the transaction constitute affiliated parties or
associated persons of Party B, none of the parties shall seek to use such affiliated relations to affect the fairness of the transaction.

 

6.
The title and business name in this agreement are used only for the convenience of reference and shall not be used to interpret
the contents of the terms and the rights and obligations of the parties.

 

7.
Party B shall have the right to, in accordance with relevant laws, regulations and regulatory provisions, provide the information
related to this agreement and individual agreements and other relevant information of Party A to the credit information system
of the People's Bank of China and other credit information databases established in accordance with laws for institutions or individuals
with appropriate qualifications to inquire and use in accordance with laws. Party B shall also have the right to inquire Party
A's relevant information through the credit information system of the People's Bank of China and other legally established credit
information databases for the purpose of executing and performing this agreement and individual agreements.

  

    8

     

    

 

8.
☐ Within working days after the signing of this agreement, Party A and Party B shall go to the notary office for compulsory
execution. If Party A fails to perform or improperly performs the obligation of repayment, Party B may apply to the competent
people's court for compulsory execution according to law, and Party A is willing to accept compulsory execution. (this is an optional
clause)

 

Article
17 Effectiveness of Agreement

 

This
Agreement shall come into effect on the date on which it is signed or affixed with private seals by the legal representatives
or authorized signatories of the parties and affixed with the common seals (contract seal) of the parties.

 

This
Agreement is written in six counterparts and the borrower and the guarantor shall each hold one counterpart and
the Party B should hold two counterparts. All counterparts have equal force.

 

Party
A: Shenzhen Yangang Mingzhu Freight Industry Co., Ltd. [Corporate Seal Affixed Here]

 

Authorized
person: /s/ Jinlong Yang

 

December
12, 2018

 

Party
B: Bank of China Shenzhen East Branch

 

Bank
of China Shenzhen East Branch [Corporate Seal Affixed Here]

 

Authorized
person: Huan Meng [Personal Seal Affixed Here]

 

December
12, 2018

  

    9

     

    

 

Annex
1: Loan for Short-Term Working Capital

 

1. In
the event of any conflict between the contents provided herein and the Medium and Small Enterprises Credit Agreement (the Agreement
hereafter), the provisions of this annex shall prevail.

 

2. Party
A shall satisfy the conditions precedent provided in the Agreement when applying to Party B for short-term working capital loan.

 

3.
 If Party A applies for short-term working capital loan as agreed in this annex, it shall
submit to Party B an application for loan signed by its legal representative or authorized signatory with official seal (applicable
to working capital loan of small and medium-sized enterprises). If Party B accepts Party A's application for working capital loan,
Party B shall pay the loan to Party A in accordance with the currency and amount agreed in the loan application accepted by Party
B (applicable to working capital loan of small and medium-sized enterprises). Each loan application (applicable to working capital
loan of small and medium-sized enterprises) shall be independent of each other and shall comply with the Agreement, this annex
and the corresponding loan application (applicable to working capital loan of small and medium-sized enterprises).

 

4.
 Party A's drawdown shall meet the following conditions:

 

(1)
The Agreement and its annexes have entered into force. Party A shall submit the loan application to Party B (applicable to the
working capital loan of small and medium-sized enterprises) and shall be examined and approved by Party B.

 

(2)
Party A has provided the guarantee as required by Party B, and the guarantee contract has come into force and completed the legal
examination and approval, registration or filing procedures;

 

(3)
Party A has maintained Party A's documents, bills, seals, personnel lists and signature samples related to the execution and performance
of the Agreement from Party B, and filled in the relevant certificates;

 

(4)
Party A has opened the accounts necessary for the performance of the agreement, this annex and the corresponding loan application
(applicable to the working capital loan of small and medium-sized enterprises) as required by Party B;

 

(5)
Party A has submitted to Party B the resolution, and authorization letter of the board of directors or other competent departments
agreeing to sign and perform the Agreement, this annex and the corresponding loan application (applicable to working capital loan
of small and medium-sized enterprises);

 

(6)
Other drawdown conditions stipulated by law and agreed by both parties.

 

If
the above drawdown conditions are not met, Party B shall have the right to reject Party A 's drawdown application, except that
Party B agrees to make the loan.

 

5.
 In addition to the provisions of the Agreement, Party A makes the following supplementary
statements and commitments for the purpose of conducting business hereunder:

  

    10

     

    

 

Party
A's statement is as follows:

 

The
enterprises and projects of Party A and the loan project meet the national environmental protection standards. The enterprises
and projects with prominent energy consumption and pollution problems and insufficient rectification declared and recognized by
relevant non-state departments have no risk of energy consumption and pollution;

 

Party
A undertakes as follows:

 

(1)
In case of merger, division, capital reduction, shares transfer, foreign investment, substantial increase of debt financing, transfer
of major assets and creditor's rights and other matters that may adversely affect Party A's solvency, Party A shall obtain written
consent of Party B in advance;

 

In
case of any of the following circumstances, Party A shall promptly notify Party B:

 

A.
Changes in the articles of association, business scope, registered capital and legal representative of Party A or guarantor;

 

B.
Any form of joint operation, joint venture with foreign investors, cooperation, business contracting, reorganization, restructuring,
proposed listing of shares and other changes in business mode;

 

C.
Involvement in a major litigation or arbitration case, or to have property or pledge sealed, impounded or supervised, or to have
new material liabilities placed on the collateral;

 

D.
Suspension, dissolution, liquidation, suspension for rectification, cancellation, revocation of business license, bankruptcy application,
etc.;

 

E.
Involvement of shareholders, directors and current senior managers in major cases or economic disputes;

 

F.
Breach of contract by Party A under other contracts;

 

G.
Operating difficulties and deterioration of financial situation;

 

(2)
Party A's debts to Party B is senior than that to Party A's shareholders, and no junior than that of other creditors;

 

Moreover,
Party A shall not repay the loan to Party A's shareholders from the effective date of this agreement until the repayment of the
loan principal, interest and related expenses hereunder (this sentence is optional and should be deleted if not applicable).

 

(3)
Party A shall not transfer the loan funds hereunder to the accounts of the same name or affiliated parties, except for the purposes
agreed herein or with the consent of Party B.

 

For
the transfer of the same name account of Party A or the transfer of the affiliated party's account, Party A shall provide the
relevant supporting materials.

 

(4)
Party B has the right to recover the loan in advance according to Party A's cash flow;

 

(5)
Other matters promised by Party A: //// .

  

    11

     

    

 

6.
 Under any of the following circumstances of Party A, Party B has the right to unilaterally
stop making loans to Party A, and to recover partial or full loan principal and interest in advance: use of any false contract
with an affiliate, and discount or hypothecate any receivable instruments, receivable accounts which are not based on any actual
transaction with the bank in order to obtain funds or credit line from the bank; any major merger, acquisition or reorganization
occurs which in the opinion of Party B may affect the safety of the credit assets; intentionally defaulting on the creditor’s
right of the bank through connected transactions.; other circumstances stipulated in Article 18 of the Guidance of Risk Management
by Commercial Banks for Granting Credit to Customer Groups.

 

7.
 Except for the event of default stipulated in the agreement, the business hereunder
shall be classified as:

 

(1)
Party A fails to use the loan funds in the way stipulated in this agreement and individual agreement;

 

(2)
Party A's credit condition declines, deterioration of Party A's profitability, debt paying ability, operating ability, cash flow
and any other financial indicators, exceeding the index constraint stipulated in this agreement or individual agreement or other
financial provisions;

 

(3)
Party A is involved in or may be involved in major economic disputes, litigation or arbitration, or its assets are sealed, detained
or enforced, or it is investigated or punished by judicial authorities, tax authorities, industrial and commercial authorities
or other administrative authorities according to law, which has or may affect the performance of its obligations under this agreement
or individual agreements;

 

(4)
Party A's major investors and key management personnel are changed or missing, or are investigated or restricted by judicial authorities
according to law, which has or may affect the performance of its obligations under this agreement or individual agreement;

 

(5)
When Party B reviews Party A's financial status and performance capacity every year (i.e. every year after the effective date
of this agreement), it finds any events that may affect the financial status and performance ability of Party A or the guarantor;

 

(6)
There is a large amount of abnormal fund inflow or outflow in the designated fund drawdown account and Party A is unable to provide
the explanation materials approved by Party B;

 

8.
 Other provisions. If Party B, due to business needs, entrusts other institutions of
Bank of China to perform the rights and obligations hereunder, or assigns the loan business hereunder to other institutions of
Bank of China for undertaking and management, Party A hereby acknowledges that other institutions of Bank of China authorized
by Party B, or other institutions of Bank of China undertaking of loan business under this annex shall all have the right to exercise
all rights under this annex, has the right to dispute in the name of such institutions under this annex submitted to the court,
arbitration award or apply for compulsory execution.

 

9.
 The drawdown date and repayment date shall be extended to the first working day after
the statutory holidays.

 

10.
 Other specific matters related to the business hereunder shall be handled in accordance
with the provisions of the loan application (applicable to the working capital loan of small and medium-sized enterprises).

 

 

12

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