Document:

Exhibit 10.28

 

Factoring Contract
for Government Purchase

(Factoring with
Recourse)

 

(Contract No.: LJSZBL202241)

 

     

     

    

 

Transferee
of Accounts Receivable: Lvjin (Shenzhen) Commercial Factoring Co., Ltd. (hereinafter referred to as Party A)

 

Legal
Representative: Yongzhi Zhang

 

Unified
Social Credit Code:

 

Correspondence
Address: F/3, Financial Building, No.106, Guangda Road, Fuzhou City

 

Transferor
of Accounts Receivable: Fuzhou Yukai Trading Co., Ltd. (hereinafter referred to as Party B)

 

Legal
Representative: Zhenyu Zheng

 

Unified
Social Credit Code:

 

Correspondence
Address: Room 909, Room 910 and Room 911, Xinya Building, No.121, Dongjie Sub-district,
Gulou District, Fuzhou City

 

Information
elements of accounts receivable for commercial contracts:

 

I.:
Contract No.:[350783] ZJGC [GK] 2021001_1_779625396_3722

 

II.
Contract Name: Third-party medical equipment Maintenance service procurement plan project of Jian’ou
Hospital of Integrated Traditional Chinese and Western Medicine

 

(contract
Bao [350783] ZJGC [GK] 2021001_l_779625396_3722) Government Procurement Contract

 

III.
Project No.: [350783] ZJGC [GK] 2021001

 

IV.
Project Name: Third-party medical equipment Maintenance service procurement plan project of Jian’ou
Hospital of Integrated Traditional Chinese and Western Medicine

 

V.
Subject of the Contract

 

Buyer:
Jian’ou Hospital of Integrated Traditional Chinese and Western Medicine

 

Address:
No. 306, Zhongshan West Road, Jian’ou City, Nanping City, Fujian Province

 

Tel:

 

Supplier:
Fuzhou Yukai Trading Co., Ltd.

 

Address:
Room 909, Room 910 and Room 911, Xinya Building, No.121, Dongjie Sub-district, Gulou District, Fuzhou City

 

Tel:

 

Total
contract price: 2,700,000.00

 

Based
upon business needs, Party B intends to transfer its creditor’s rights of accounts receivable under the government procurement
contract for the third-party medical equipment maintenance service procurement play project of Jian’ou Hospital of Integrated Traditional
Chinese and Western Medicine (Contract Bao [350783] ZJGC [GK] 2021001_779625396_3722) of medical
devices in business contract to Party A, and Party A shall pay the financing amount agreed with Party B to accept the creditor’s
rights. The Contract has been reached and concluded by and between Party A and Party B through consultation for mutual compliance.

 

     

     

    

 

Article 1         Definitions

 

For
the purpose of the Contract, unless otherwise expressly specified herein, the following terms shall have the meaning ascribed below:

 

(I) Transferee
of accounts receivable: The transferee of creditor’s rights of accounts receivable.

 

(II) Transferor
of accounts receivable: The seller/supplier/service provider of commercial contract and the transferor of creditor’s rights of
accounts receivable.

 

(III) Buyer:
The Party who purchases Party B’s goods, services or uses Party B’s facilities in the commercial contract relationship with
Party B and assumes the obligation to pay the price.

 

(IV)  Business
contract: refers to the transaction contract signed between Party B as the Seller/Service Provider and the Purchaser for the purpose
of commodity and/or service transaction with the settlement method of selling on credit.

 

(V) Creditor’s
rights of accounts receivable (referred to as “accounts receivable” for short): The right of Party B to demand payment from
the buyer because of the provision of goods, services or facilities, including the existing and future monetary creditor’s rights
as well as the income incurred therefrom, including, without limitation, the principal (principal creditor’s rights), interest,
liquidated damages and damages of accounts receivable, as well as security rights, insurance rights and other subordinate claims of all
principal claims as well as other rights and interests associated with the principal claims, including payment claims incurred by bills
or other securities.

 

(VI) Transfer
of accounts receivable: The act of Party B transferring accounts receivable to Party A in accordance with the provisions of the Contract.
In any case, the transfer of accounts receivable shall not be interpreted as Party A’s undertaking of any obligations or responsibilities
under the commercial contract by and between Party B and the buyer.

 

(VII) Factoring
business: A comprehensive financial service that integrates financing of accounts receivable, management of accounts receivable and collection
of accounts receivable on the premise that Party B transfers its accounts receivable. The “factoring business” mentioned
herein refers to the single factoring business of domestic hidden sellers with recourse.

 

     

     

    

 

(VIII) Factoring
with recourse: It means that when the accounts receivable cannot be recovered from the buyer due, Party A requires Party B to repurchase
the accounts receivable and return the factoring financing. Factoring with recourse is also called “repurchase factoring”.

 

(IX) Dispute:
 “Dispute” herein refers to that accounts receivable are defective, including, without limitation, the following: the buyer
refuses to accept goods/services or invoices for any reason; or the buyer raises a defense, counter-recourse or offset against the accounts
receivable for any reason; or the buyer fails to pay the accounts receivable in full and on time for any reason; or the third party lodges
any claim to the accounts receivable.

 

Article 2     Transfer
of Creditor’s Rights of Accounts Receivable

 

(I) The
amount of creditor’s rights of accounts receivable transferred by Party B to Party A is RMB (in words) Six Hundred Thousand
only (in figures: RMB 600,000.00).

 

(II) Party
B shall pay the amount for use of factoring financing to Party A’s account. The interest annual rate of factoring financing is
7%, and the financing period is 12 months, counting from May 13, 2022 to May 12, 2023.

 

(III) Repayment
method: Party B shall pay the amount for use of financing, i.e., interest, to the interest-bearing account specified by Party A prior
to the 20th of each month during the financing period. When making repayment, the interest owed shall be settled first before returning
the principal. After the returned payment of the government purchase contract, Party B shall transfer the returned payment to the account
specified by Party A to repay the principal owed. In the event that the deduction is delayed due to the system of the cooperative bank,
the expenses incurred thereby shall be for the account of Party B.

 

(IV) Party
B shall open a special corporate account as a special factoring account in the cooperative bank specified by Party A, and fully go through
relevant formalities in line with the requirements of the bank.

 

     

     

    

 

Party
A’s account information:

 

Account
Name: Lvjin (Shenzhen) Commercial Factoring Co., Ltd.

 

Account
No.:

 

Opening
Bank: Fuzhou Chengdong Sub-branch of China Construction Bank Corporation

 

Party
B’s Account information:

 

Account
Name: Fuzhou Yukai Trading Co., Ltd.

 

Beneficiary
Account No.:

 

Repayment
Account No.:

 

Opening
Bank: Fuzhou Liuyi Sub-branch of China Construction Bank Corporation

 

Party
A shall pay the factoring financing funds to Party B through the collection account, and Party B shall make payment to Party A through
the repayment account.

 

Article 3         Price
of Equity Transfer

 

After
the Contract is signed, Party B provides Party A with the materials (copies of the contract for debtor-creditor relationship, etc.)
to prove the creditor’s rights of accounts receivable and Party A pays the transferred amount mentioned above, it will be deemed
that the creditor’s rights of accounts receivable have been transferred.

 

Before
transferring the accounts receivable to Party A, Party B shall furnish Party B with the full performance capability of the commercial
contract and submit the certificate in compliance with the requirements of Party A. To prove that Party B is the eligible winning bidder.

 

Article 4         Right
of Recourse

 

Under
the Contract, where the debtor (buyer/payer/government party) of accounts receivable of the commercial contract fails to make payment
as agreed, Party B shall assist and cooperate with Party A in claiming rights and undertake corresponding responsibilities in accordance
with the law; Party A shall also be entitled to directly exercise the right of recourse to Party B.

 

     

     

    

 

Article 5         Undertakings
and Warranties

 

The
Parties jointly acknowledge that, in accordance with the laws of the People’s Republic of China, Party A and Party B are both legal
civil subjects, and are capable for civil rights and civil conduct to sign and fulfill the Contract.

 

With
a view to guarantee the full fulfillment of the Contract, the Parties hereby make the following commitments and warranties:

 

(I) The
transfer of accounts receivable hereunder to Party A has been authorized by the board of shareholders and is not in violation of the
provisions of the Articles of Association.

 

(II) The
information disclosed to Party A as well as all documents, bills and materials furnished are complete, true, legal and valid.

 

(III) Accounts
receivable are under a real trade background, and Party B does not sell goods to the buyer by trial sale, proxy sale, consignment or
other similar methods. In the future, Party B shall fulfill its principal obligations such as delivery in accordance with the provisions
of the commercial contract, and submit the certificate meeting the requirements of Party A.

 

(IV) Party
B undertakes that the transferred accounts receivable are true, legal and effective, free of any defects or restrictions on the exercise
of rights by Party A; Party B has not mortgaged, pledged, sealed up, frozen or set any other preferential
rights and interest to the accounts receivable, and has not transferred the accounts to others.

 

(V) Party
B undertakes that the transferred accounts receivable have not been offset, counterclaimed, compensated for damages, retained or written
off with the buyer, and the transfer to a third party is prohibited or restricted; after the accounts receivable are transferred, without
the written consent of Party A, no other agreement shall be made on the amount, payer, payment term, payment path or other matters that
directly influence Party A’s right to collect the accounts.

 

(VI) Party
B promises to pay back the returned payment of the financing project to the specified supervision account strictly in accordance with
the Contract. Where the buyer fails to remit the project fund to the specified account, Party B shall voluntarily return it to Party
A within 5 working days.

 

     

     

    

 

(VII) There
are no outstanding disputes and debtor-creditor disputes between Party B and the buyer.

 

(VIII) After
Party B promises, warrants and agrees to the transfer of the accounts receivable, Party A enjoys full rights to the accounts receivable,
including, without limitation, rights and interests of the interest, liquidated damages, damages, security, the right to re-transfer
and the ownership of the property returned by the buyer.

 

(IX) If
it is found that the buyer cancels the cooperation with Party B for any reason, or the financial situation deteriorates, or the merger,
division, reorganization, or seizure of property occurs, which will seriously influence the returned collection of accounts receivable,
Party B shall notify Party A in written form within five working days from the date of cancellation of the project announced by Fujian
Provincial Government Purchase Network, and return all the amount within 20 working days.

 

(X) Party
B warrants to give full cooperation to Party A when Party A takes payment measures.

 

(XI) If
there is any change in any of the above commitments and warranties, Party B shall be obliged to inform Party A of the above changes in
the shortest time.

 

(XII) Party
A shall pay the factoring financing amount to Party B on time and in full as provided herein.

 

(XIII) Party
A shall be entitled to register the future accounts receivable between Party B and the buyer in the unified registration and publicity
system for financing of movable property of the People’s Bank of China.

 

(XIV) Party
B promises to actively cooperate with Party A’s post-investment inspection after the factoring financing funds are released, and
present corresponding vouchers for Party A to verify relevant information.

 

     

     

    

 

Article 6         Confidentiality
Provisions

 

Without
the consent of the other Party, Party A and Party B shall not disclose to any third party the trade secrets of the other Party acquired
from the other Party during or for the fulfillment of the Contract. Unless required by the lawyers, accountants, auditors and appraisers
hired by the Parties or in accordance with the laws, regulations and rules as well as the requirements of competent departments.

 

Article 7         Liability
for Breach of the Contract

 

Any
of the following events shall constitute or be deemed as Party B’s breach of contract:

 

(I) Party
B violates any item in Article 5 “Commitments and Warranties”.

 

(II) Party
B fails to fulfill its repayment obligations in a prompt manner as prescribed herein.

 

(III) Party
B colludes with the buyer maliciously, which prejudices the legitimate rights and interests of Party A.

 

(IV) Party
B commits fraud or other acts in violation of the principles of good faith, equality and mutual benefit, which prejudices the legitimate
rights and interests of Party A.

 

(V) If
the project fund is not paid back to the specified supervision account and Party B fails to return the amount to Party A within the specified
time, it will be deemed as Party B’s breach of contract.

 

(VI) Where
Party B fails to repay all the amount to Party A within 20 working days due to the cancellation of the project, it will be deemed as
Party B’s breach of contract.

 

(VII) In
the event that Party B breaches the Contract or fails to make any payment hereunder, Party B shall pay liquidated damages to Party A
at 0.5 ‰/day for each day of breach/delay.

 

Article 8         Breach
of the Contract

 

After
Party B breaches the Contract, Party A shall be entitled to take any one or more of the following measures depending on the seriousness
of Party B’s breach of contract:

 

(I) Party
A may require Party B to correct the aforesaid breach within a time limit.

 

(II) Party
A may request Party B to compensate Party A for the losses incurred by Party B's breach of contract.

 

     

     

    

 

(III) Losses
due to breach of contract include, without limitation, late payment fees, liquidated damages, damages, fees for protecting the rights
of the transferee (including, without limitation, litigation fees, execution fees, attorney fees, travel expenses, transfer taxes and
fees to be paid to the court in accordance with the law, as well as all fees advanced by the transferee due to identification, announcement,
inspection, translation, evaluation, auction, sale, storage, etc.), as well as the losses and all other expenses caused to the transferee
due to the breach of contract by the transferer or the invalidation, cancellation or alteration of the master contract.

 

Article 9         Dispute

 

In
the case of any dispute arising from the performance of the Contract between Party A and Party B, the Parties shall solve it through
consultation. If no agreement can be reached, either Party shall be entitled to file a lawsuit with a people’s court at the place
where Party A is situated.

 

The Contract shall
take effect as of the date of signature and seal by the Parties hereto. The Contract is made in duplicate, with each Party holding one
copy and each copy being equally authentic.

 

Article 10         Notice

 

(I) Either
Party A or Party B’s notice of the Contract to the other Party can be served to the other Party in written form (including, without
limitation, faxes, letters as well as other written documents) based on the address and agent stated herein. If it is a fax, it will
be deemed served when it reaches the other Party; if it is a letter, it will be served on the third day from the posting date.

 

(II) The
notice sent by Party A to Party B can also be served by means of telephone, SMS and email.

 

(III) If
the domicile and telephone number recorded herein are changed during the fulfillment of the Contract, the changing Party shall notify
the other Party in a timely manner.

 

     

     

    

 

Article 11         Special
factoring account for managing the transfer of account funds and reserved seal

 

At
the request of Party A’s company on the supervision of Party B’s factoring account, Party B shall go through the formalities
of products associated with the supervision of the contracted account at the bank specified by Party A within seven days after the signing
of the factoring contract (for details of products, please refer to the attached list of products specified by bank supervision of China
Construction Bank Corporation).

 

The
Contract was signed on May 13, 2022.

 

(The
following is the signature and seal page of Factoring Contract for Government Purchase without text)

 

	Party
    A: (official seal)	 	 	Party
    B: (official seal)	 
	 	 	 	 	 
	Authorized Signatory (signature and seal):	 	Authorized Signatory (signature and seal): Zhenyu Zheng
	 	 	 	 

 

		 	Date
of Signing: May 13, 2022
	 	 	 
	 	 	Place
of Signing: F/3, No.106, Guangda Road, Taijiang District, Fuzhou City

 

     

     

    

 

Appendix

 

List of Products
Regulated by Bank Supervision of China Construction Bank Corporation

 

	No.	Process

    Attribution	Customer

    Company	Contracting

    Products	Business

    Functions	Formalities	Materials
    Required
	1	Pre-lending	Open
    an account, sign a contract for Yihutong products, sign the Power of Attorney of Consent to Supervision, and sign the Power
    of Attorney of Consent to Agent Collection	Yihutong	Open
    a master account (-0001) for receiving loan principal and paying interest; open a sub-account (-0002) for receiving government funds
    and repaying principal	It
    is suggested to sign a contract for Yihutong products as well as the Power of Attorney for agent collection and supervision when
    opening an account for government purchase customers, so that the banking formalities for government purchase customers can be completed
    in one step (special note: the above formalities only need to be completed independently by government purchase customers, and the
    relevant vouchers shall be submitted to the factoring company upon the completion).	1.
    Application form for comprehensive public services (version furnished by the bank); 2. Basic information such as business license;
    3. Power of Attorney of Consent to Supervision (version furnished by the bank); 4. Power of Attorney of Consent to Agent
    Collection (version furnished by the bank).
	2	Mid-lending	Collection	Yihutong	Receive
    the principal from the master account (-0001 account) by signing a contract for the Yihutong account.	/	/
	Interest
    payment	Sign
    the Power of Attorney of Consent to Agent Collection	Customers
    do not have to pay interest manually on the basis of agent collection with authorization.	It
    is required to prepare sufficient funds in the master account (-0001) before the date of interest payment.	/
	3	Post-lending	Under
    supervision	Sign
    the Power of Attorney of Consent to Supervision 	Customers
    lose control and operation right of funds on the basis of supervision with authorization.	 	/
	Receive
    government returned payments	Sign
    the Power of Attorney of Consent to Agent Collection	Customers
    do not have to repay the principal manually on the basis of agent collection with authorization.	 	/

 

The
actual operation of China Construction Bank shall prevail.

 

     

     

    

 

Guarantee Contract

 

Party A (Guarantor):
Zhenyu Zheng

 

Contact Address:
No.88, Jiaotong Road, Taijiang District, Fuzhou City, Fujian Province

 

ID Card No.:

 

Mobile:

 

Party B (Guarantee):
Lvjin (Shenzhen) Commercial Factoring Co., Ltd.

 

Address:         F/3,
Financial Building, No.106, Guangda Road, Fuzhou City

 

Legal Representative:
Yongzhi Zhang

 

Business License
Code:

 

With
a view to guarantee that the Factoring Contract for Government Purchase signed by and between Fuzhou Yukai Trading Co., Ltd.
and the factor Lvjin (Shenxun) Commercial Factoring Co., Ltd. with the contract number LJSZBL202241 can be effectively
fulfilled, Party A is willing to provide guarantee for the debt performance of Fuzhou Yukai Trading Co., Ltd. in the Factoring
Contract for Government Purchase. In accordance with the relevant laws and regulations of the
State, the Parties concerned have reached a consensus through amicable negotiation and shall hereby make and enter into the Contract.

 

Article 1         Principal
Creditor’s Rights under Guarantee

 

(I) The
principal creditor’s right guaranteed by Party A is the creditor’s right of Fuzhou Yukai Trading Co., Ltd. enjoyed
by Party B in accordance with the Factoring Contract for Government Purchase (Contract No.:
LJSZBL202241) signed by and between Party B and Fuzhou Yukai Trading Co., Ltd. on May 13, 2022.

 

(II) The
purview of guarantee made by Party A shall cover loan principal under the Master Contract as well as interest, liquidated damages, compensation
and expenses incurred by Party B in realizing creditor’s rights (including, without limitation, legal fees, arbitration fees, attorney
fees, property preservation fees, travel expenses, execution fees, evaluation fees, auction fees, etc.).

 

     

     

    

 

Article 2         Guarantee
Mode

 

The
guarantee under the Contract shall be in the form of a joint and several liability guarantee. Where the debtor fails to repay the loan
and interest at the expiration of the loan term, Party A shall assume the guarantee liability with all the property as prescribed herein.
If there are multiple guarantors hereunder, all guarantors will jointly assume joint and several liability to the creditors until all
debts are fully paid off.

 

Party
A acknowledges that, where the Debtor fails or is unable to fulfill its debts as specified in the Master Contract, no matter whether
Party B owns other guarantees for the creditor’s rights under the Master Contract (including, without limitation, any guarantee
methods such as guarantee, mortgage, pledge, etc.), Party B shall be entitled to directly request Party A to assume the liability
to guarantee within the scope of guarantee.

 

Article 3         Term
of Lease

 

The
guarantee of the Contract lasts for two years from the day upon the expiration of the loan term under the master contract; where there
is any event specified by laws, regulations or the master contract, causing Party B to announce the early maturity of the loan, the guarantee
period shall be two years from the day after the early maturity date of the loan.

 

Article 4         Obligation
of Party A

 

(I) If
Party A wishes to provide guarantee for the debts of others beyond the affiliated enterprises, it shall notify Party B in writing ahead
of time and get the consent of Party B.

 

(II) Party
A shall furnish complete and true documents associated with the economic status of the enterprise.

 

(III) Party
A shall accept Party B’s investigation on its execution status and offer necessary assistance and cooperation.

 

(IV) Party
A shall, in written form, inform Party B of its change of address within 5 working days from the date of change.

 

     

     

    

 

Article 5         Rights &
Obligations of Party B

 

Party
B shall be entitled to request Party A to present materials and documents reflecting the economic conditions and credit standing of its
enterprise at any time, and Party B shall keep all information furnished by Party A strictly confidential.

 

Article 6         Changes
to the Master Contract Guaranteed

 

Where
Party B and the Debtor agree to change the terms of the Main Contract, if the debt burden of the debtor is not added or the terms have
obtained the prior consent of Party A, Party A’s guarantee liability shall not be relieved accordingly.

 

Article 7         Independent
Contract Validity

 

The
validity of the Contract is independent of the Master Contract, and the invalidity of the Master Contract does not affect the validity
hereof. If the Master Contract is confirmed to be invalid, Party A shall, in addition to the debts of the Master Contract, assume the
joint and several liability guarantee for the debts incurred by the Debtor due to compensation for losses after the invalidity of the
Master Contract.

 

Article 8         Contractual
Dispute Resolution

 

In
the case of any dispute arising from the performance of the Contract, it shall be settled by the Parties through consultation or settled
through litigation filed with the people’s court at the place where the Contract is signed. During the consultation or litigation,
the undisputed provisions of the Contract shall still be performed by the Parties.

 

Article 9         Tips

 

Party
B has reminded Party A to get a comprehensive and accurate understanding of the terms and conditions specified herein, and it has given
corresponding explanation of terms and conditions at Party A’s request. The contracting Parties hereto have the same understanding
of the terms of the Contract.

 

Article 10       Notice

 

Any
notice given by the Parties to the Contract to the other Party shall be served to the other Party in written form (including, without
limitation, telegrams, letters as well as other written documents) based on the address and contact person recorded herein. If it is
sent by telegram, it shall be deemed to have been served to the other Party on the second day from the sending date; if it is a postal
letter (including EMS), it will be deemed to have been served to the other Party on the third day from the posting date.

 

     

     

    

 

If
Party A and Party B change the address, contact person, telephone number, etc. recorded herein during the fulfillment of the Contract,
they shall notify the other Party in written form in a timely manner. Otherwise, the provisions of Paragraph 1 of this Article shall
apply to the written notice sent by either Party to the other Party based on the domicile and contact person prior to the change.

 

In
the event of any litigation dispute, the domicile address and contact person recorded herein shall be the legal address for service of
litigation documents and other materials (including all legal documents and document materials that need to be served in the course of
trial of first instance, trial of second instance, retrial and execution, such as copies of indictment, evidential materials, responding
materials, summonses, judgments, rulings and appeals).

 

Article 11         Effectiveness
of the Contract

 

The
Contract shall come into force as of the date of signature and seal by the Parties.

 

The
Contract is made in duplicate, with each Party holding one copy and each copy being equally authentic.

 

		Party A (signature):
Zhenyu Zheng	 

 

	Party B (official
seal and corporate seal):	   

 

		 	Date
of Signing: May 13, 2022
	 	 	 
	 	 	Place
of Signing: F/3, No.106, Guangda Road, Taijiang District, Fuzhou City

 

     

     

    

 

Guarantee Contract

 

Party A (Guarantor):
Binhua Zhang

 

Contact Address:
Room 1602, Xiyang Apartment, No.163, Xiyang Road, Taijiang District, Fuzhou City, Fujian Province

 

ID Card No.:

 

Mobile:

 

Party B (Guarantee):
Lvjin (Shenzhen) Commercial Factoring Co., Ltd.

 

Place of Signing:
F/3, No.106, Guangda Road, Taijiang District, Fuzhou City

 

Legal Representative:
Yongzhi Zhang

 

Business License
Code:

 

With
a view to guarantee that the Factoring Contract for Government Purchase signed by and between Fuzhou Yukai Trading Co., Ltd.
and the factor Lvjin (Shenxun) Commercial Factoring Co., Ltd. with the contract number LJSZBL202241 can be effectively
fulfilled, Party A is willing to provide guarantee for the debt performance of Fuzhou Yukai Trading Co., Ltd. in the Factoring
Contract for Government Purchase. In accordance with the relevant laws and regulations of the State, the Parties concerned have reached
a consensus through amicable negotiation and shall hereby make and enter into the Contract.

 

Article 1         Principal
Creditor’s Rights under Guarantee

 

(I) The
principal creditor’s right guaranteed by Party A is the creditor’s right of Fuzhou Yukai Trading Co., Ltd. enjoyed
by Party B in accordance with the Factoring Contract for Government Purchase (Contract No.: LJSZBL202241) signed by and
between Party B and Fuzhou Yukai Trading Co., Ltd. on May 13, 2022.

 

(II) The
purview of guarantee made by Party A shall cover loan principal under the Master Contract as well as interest, liquidated damages, compensation
and expenses incurred by Party B in realizing creditor’s rights (including, without limitation, legal fees, arbitration fees, attorney
fees, property preservation fees, travel expenses, execution fees, evaluation fees, auction fees, etc.).

 

     

     

    

 

Article 2         Guarantee
Mode

 

The
guarantee under the Contract shall be in the form of a joint and several liability guarantee. Where the debtor fails to repay the loan
and interest at the expiration of the loan term, Party A shall assume the guarantee liability with all the property as prescribed herein.
If there are multiple guarantors hereunder, all guarantors will jointly assume joint and several liability to the creditors until all
debts are fully paid off.

 

Party
A acknowledges that, where the Debtor fails or is unable to fulfill its debts as specified in the Master Contract, no matter whether
Party B owns other guarantees for the creditor’s rights under the Master Contract (including, without limitation, any guarantee
methods such as guarantee, mortgage, pledge, etc.), Party B shall be entitled to directly request Party A to assume the liability
to guarantee within the scope of guarantee.

 

Article 3         Term
of Lease

 

The
guarantee of the Contract lasts for two years from the day upon the expiration of the loan term under the master contract; where there
is any event specified by laws, regulations or the master contract, causing Party B to announce the early maturity of the loan, the guarantee
period shall be two years from the day after the early maturity date of the loan.

 

Article 4         Obligation
of Party A

 

(I) If
Party A wishes to provide guarantee for the debts of others beyond the affiliated enterprises, it shall notify Party B in writing ahead
of time and get the consent of Party B.

 

(II) Party
A shall furnish complete and true documents associated with the economic status of the enterprise.

 

(III) Party
A shall accept Party B’s investigation on its execution status and offer necessary assistance and cooperation.

 

(IV) Party
A shall, in written form, inform Party B of its change of address within 5 working days from the date of change.

 

     

     

    

 

Article 5         Rights &
Obligations of Party B

 

Party
B shall be entitled to request Party A to present materials and documents reflecting the economic conditions and credit standing of its
enterprise at any time, and Party B shall keep all information furnished by Party A strictly confidential.

 

Article 6         Changes
to the Master Contract Guaranteed

 

Where
Party B and the Debtor agree to change the terms of the Main Contract, if the debt burden of the debtor is not added or the terms have
obtained the prior consent of Party A, Party A’s guarantee liability shall not be relieved accordingly.

 

Article 7         Independent
Contract Validity

 

The
validity of the Contract is independent of the Master Contract, and the invalidity of the Master Contract does not affect the validity
hereof. If the Master Contract is confirmed to be invalid, Party A shall, in addition to the debts of the Master Contract, assume the
joint and several liability guarantee for the debts incurred by the Debtor due to compensation for losses after the invalidity of the
Master Contract.

 

Article 8         Contractual
Dispute Resolution

 

In
the case of any dispute arising from the performance of the Contract, it shall be settled by the Parties through consultation or settled
through litigation filed with the people’s court at the place where the Contract is signed. During the consultation or litigation,
the undisputed provisions of the Contract shall still be performed by the Parties.

 

Article 9         Tips

 

Party
B has reminded Party A to get a comprehensive and accurate understanding of the terms and conditions specified herein, and it has given
corresponding explanation of terms and conditions at Party A’s request. The contracting Parties hereto have the same understanding
of the terms of the Contract.

 

Article 10         Notice

 

Any
notice given by the Parties to the Contract to the other Party shall be served to the other Party in written form (including, without
limitation, telegrams, letters as well as other written documents) based on the address and contact person recorded herein. If it is
sent by telegram, it shall be deemed to have been served to the other Party on the second day from the sending date; if it is a postal
letter (including EMS), it will be deemed to have been served to the other Party on the third day from the posting date.

 

     

     

    

 

If
Party A and Party B change the address, contact person, telephone number, etc. recorded herein during the fulfillment of the Contract,
they shall notify the other Party in written form in a timely manner. Otherwise, the provisions of Paragraph 1 of this Article shall
apply to the written notice sent by either Party to the other Party based on the domicile and contact person prior to the change.

  

In
the event of any litigation dispute, the domicile address and contact person recorded herein shall be the legal address for service of
litigation documents and other materials (including all legal documents and document materials that need to be served in the course of
trial of first instance, trial of second instance, retrial and execution, such as copies of indictment, evidential materials, responding
materials, summonses, judgments, rulings and appeals).

 

Article 11         Effectiveness
of the Contract

 

The
Contract shall come into force as of the date of signature and seal by the Parties.

 

The
Contract is made in duplicate, with each Party holding one copy and each copy being equally authentic.

 

		Party A (signature):	 

 

	Party B (official
seal and corporate seal):	 	 

 

		 	Date
of Signing: May 13, 2022
	 	 	 
	 	 	Place
of Signing: F/3, No.106, Guangda Road, Taijiang District, Fuzhou CityExhibit 10.29

 

Factoring Contract for Government Purchase 

(Factoring with Recourse)

 

(Contract No.: LJSZBL202239)

 

     

     

    

 

Transferee of Accounts Receivable:
Lvjin (Shenzhen) Commercial Factoring Co., Ltd. (hereinafter referred to as Party A)

 

Legal Representative: Yongzhi
Zhang

 

Unified Social Credit Code:

 

Correspondence Address: F/3,
Financial Building, No.106, Guangda Road, Fuzhou City

 

Transferor of Accounts Receivable:
Fuzhou Yukai Trading Co., Ltd. (hereinafter referred to as Party B)

 

Legal Representative: Zhenyu
Zheng

 

Unified Social Credit Code:

 

Correspondence
Address: Room 909, Room 910 and Room 911, Xinya Building, No.121, Dongjie Sub-district, Gulou District, Fuzhou City

 

Information elements of accounts
receivable for contract:

 

I.: Contract No.: [350105]
HMZB [GK]2021001_l_779625396_9631

 

II.
Contract Name: The whole hospital equipment maintenance service procurement project of Fuzhou Economic and Technological Development
Zone Hospital (contract Bao [350105] HMZB [GK] 2021001_l_779625396_9631 government procurement contract)

 

III. Project No.: [350105]
HMZB [GK] 2021001

 

IV.
Project Name: The whole hospital equipment maintenance service procurement project of Fuzhou Economic and Technological Development Zone
Hospital

 

V.
Subject of the Contract

 

Buyer: Fuzhou Economic and
Technological Development Zone Hospital

 

Address: No. 236, Yanshan
East Road, Mawei District, Fuzhou City

 

Tel:

 

Supplier: Fuzhou Yukai Trading
Co., Ltd.

 

Address: Room 909, Room 910
and Room 911, Xinya Building, No.121, Dongjie Sub-district, Gulou District, Fuzhou City

 

Tel:

 

Total contract price: 7,740,000.00

 

Based
upon business needs, Party B intends to transfer its creditor’s rights of accounts receivable under the government procurement contract
for it’s the contract name of The whole hospital equipment maintenance service procurement project of Fuzhou Economic and Technological
Development Zone Hospital (Contract Bao [350105]HMZB[GK]2021001」_779625396_9631)
of medical devices in business contract to Party A, and Party A shall pay the financing amount agreed with Party B to accept the creditor’s
rights. The Contract has been reached and concluded by and between Party A and Party B through consultation for mutual compliance.

 

     

     

    

 

Article 1    Definitions

 

For the purpose of the Contract,
unless otherwise expressly specified herein, the following terms shall have the meaning ascribed below:

 

(I) Transferee of accounts
receivable: The transferee of creditor’s rights of accounts receivable.

 

(II) Transferor of accounts
receivable: The seller/supplier/service provider of contract and the transferor of creditor’s rights of accounts receivable.

 

(III) Buyer: The Party
who purchases Party B’s goods, services or uses Party B’s facilities in the contract relationship with Party B and assumes
the obligation to pay the price.

 

(IV) Creditor’s
rights of accounts receivable (referred to as “accounts receivable” for short): The right of Party B to demand payment from
the buyer because of the provision of goods, services or facilities, including the existing and future monetary creditor’s rights
as well as the income incurred therefrom, including, without limitation, the principal (principal creditor’s rights), interest,
liquidated damages and damages of accounts receivable, as well as security rights, insurance rights and other subordinate claims of all
principal claims as well as other rights and interests associated with the principal claims, including payment claims incurred by bills
or other securities.

 

(V) Transfer of accounts
receivable: The act of Party B transferring accounts receivable to Party A in accordance with the provisions of the Contract. In any case,
the transfer of accounts receivable shall not be interpreted as Party A’s undertaking of any obligations or responsibilities under
the commercial contract by and between Party B and the buyer.

 

(VI) Factoring business:
A comprehensive financial service that integrates financing of accounts receivable, management of accounts receivable and collection of
accounts receivable on the premise that Party B transfers its accounts receivable. The “factoring business” mentioned herein
refers to the single factoring business of domestic hidden sellers with recourse.

 

     

     

    

 

(VII) Factoring with recourse:
It means that when the accounts receivable cannot be recovered from the buyer due, Party A requires Party B to repurchase the accounts
receivable and return the factoring financing. Factoring with recourse is also called “repurchase factoring”.

 

(VIII) Dispute: “Dispute”
herein refers to that accounts receivable are defective, including, without limitation, the following: the buyer refuses to accept goods/services
or invoices for any reason; or the buyer raises a defense, counter-recourse or offset against the accounts receivable for any reason;
or the buyer fails to pay the accounts receivable in full and on time for any reason; or the third party lodges any claim to the accounts
receivable.

 

Article 2     Transfer
of Creditor’s Rights of Accounts Receivable

 

(I) The amount of creditor’s
rights of accounts receivable transferred by Party B to Party A is RMB (in words) One Million Eight Hundred Thousand only (in figures:
RMB1,800,000.00).

 

(II) Party B shall pay
the amount for use of factoring financing to Party A’s account. The interest annual rate of factoring financing is 7%, and
the financing period is 12 months, counting from June 17, 2022 to June 17, 2023.

 

(III) Repayment method:
Party B shall pay the amount for use of financing, i.e., interest, to the interest-bearing account specified by Party A prior to the 20th
of each month during the financing period. When making repayment, the interest owed shall be settled first before returning the principal.
After the returned payment of the government purchase contract, Party B shall transfer the returned payment to the account specified by
Party A to repay the principal owed. In the event that the deduction is delayed due to the system of the cooperative bank, the expenses
incurred thereby shall be for the account of Party B.

 

(IV) Party B shall open
a special corporate account as a special factoring account in the cooperative bank specified by Party A, and fully go through relevant
formalities in line with the requirements of the bank.

 

     

     

    

 

Party A’s account information:

 

Account Name: Lvjin (Shenzhen)
Commercial Factoring Co., Ltd.

 

Account No.:

 

Opening Bank: Fuzhou Chengdong
Sub-branch of China Construction Bank Corporation

 

Party B’s Account information:

 

Account Name: Fuzhou Yukai
Trading Co., Ltd.

 

Beneficiary Account No.:

 

Repayment Account No.:

 

Opening Bank: Fuzhou Liuyi
Sub-branch of China Construction Bank Corporation

 

Party A shall pay the factoring
financing funds to Party B through the collection account, and Party B shall make payment to Party A through the repayment account.

 

Article 3     Price
of Equity Transfer

 

After the Contract is signed,
Party B provides Party A with the materials (copies of the contract for debtor-creditor relationship, etc.) to prove the creditor’s
rights of accounts receivable and Party A pays the transferred amount mentioned above, it will be deemed that the creditor’s rights
of accounts receivable have been transferred.

 

Before
transferring the accounts receivable to Party A, Party B shall furnish Party B with the full performance capability under the government
procurement contract named as the whole hospital equipment maintenance service procurement project of Fuzhou Economic and Technological
Development Zone Hospital (contract Bao [350105] HMZB [GK] 2021001_l_779625396_9631) and submit the certificate in compliance with
the requirements of Party A. To prove that Party B is the eligible winning bidder.

 

Article 4     Right
of Recourse

 

Where
the debtor (buyer/payer/government party) of accounts receivable under the government procurement contract for the contract named as the
whole hospital equipment maintenance service procurement project of Fuzhou Economic and Technological Development Zone Hospital fails
to make payment as agreed, (Contract Bao[350105]HMZB[GK] 2021001_1_779625396_9631) Party B shall assist and cooperate with Party A in
claiming rights and undertake corresponding responsibilities in accordance with the law; Party A shall also be entitled to directly exercise
the right of recourse to Party B.

 

     

     

    

 

Article 5     Undertakings
and Warranties

 

The Parties jointly acknowledge
that, in accordance with the laws of the People’s Republic of China, Party A and Party B are both legal civil subjects, and are
capable for civil rights and civil conduct to sign and fulfill the Contract.

 

With a view to guarantee the
full fulfillment of the Contract, the Parties hereby make the following commitments and warranties:

 

(I) The transfer under
the government procurement its the contract named as the whole hospital equipment maintenance service procurement project of Fuzhou Economic
and Technological Development Zone Hospital (Contract Bao [350105] HMZB [GK] 2021001_1_779625396_9631) receivable hereunder to Party A
has been authorized by the board of shareholders and is not in violation of the provisions of the Articles of Association.

 

(II) The information disclosed
to Party A as well as all documents, bills and materials furnished are complete, true, legal and valid.

 

(III) Accounts receivable
are under a real trade background, and Party B does not sell goods to the buyer by trial sale, proxy sale, consignment or other similar
methods. In the future, Party B shall fulfill its principal obligations such as delivery in accordance with the provisions of the commercial
contract, and submit the certificate meeting the requirements of Party A.

 

(IV) Party
B undertakes that the transferred accounts receivable are true, legal and effective, free of any defects or restrictions on the exercise
of rights by Party A; Party B has not mortgaged, pledged, sealed up, frozen or set any other preferential rights and interest to
the accounts receivable, and has not transferred the accounts to others.

 

(V) Party B undertakes
that the transferred accounts receivable have not been offset, counterclaimed, compensated for damages, retained or written off with the
buyer, and the transfer to a third party is prohibited or restricted; after the accounts receivable are transferred, without the written
consent of Party A, no other agreement shall be made on the amount, payer, payment term, payment path or other matters that directly influence
Party A’s right to collect the accounts.

 

(VI) Party B promises
to pay back the returned payment of the financing project to the specified supervision account strictly in accordance with the Contract.
Where the buyer fails to remit the project fund to the specified account, Party B shall voluntarily return it to Party A within 5 working
days.

 

     

     

    

 

(VII) There are no outstanding
disputes and debtor-creditor disputes between Party B and the buyer.

 

(VIII) After Party B promises,
warrants and agrees to the transfer of the accounts receivable, Party A enjoys full rights to the accounts receivable, including, without
limitation, rights and interests of the interest, liquidated damages, damages, security, the right to re-transfer and the ownership of
the property returned by the buyer.

 

(IX) If it is found that
the buyer cancels the cooperation with Party B for any reason, or the financial situation deteriorates, or the merger, division, reorganization,
or seizure of property occurs, which will seriously influence the returned collection of accounts receivable, Party B shall notify Party
A in written form within five working days from the date of cancellation of the project announced by Fujian Provincial Government Purchase
Network, and return all the amount within 20 working days.

 

(X) Party B warrants to
give full cooperation to Party A when Party A takes payment measures.

 

(XI) If there is any change
in any of the above commitments and warranties, Party B shall be obliged to inform Party A of the above changes in the shortest time.

 

(XII) Party A shall pay
the factoring financing amount to Party B on time and in full as provided herein.

 

(XIII) Party A shall be
entitled to the contract name as the whole hospital equipment maintenance service procurement project of Fuzhou Economic and Technological
Development Zone Hospital (Contract Bao [350105] HMZB [GK] 2021001_1_779625396_9631) register the future accounts receivable between Party
B and the buyer in the unified registration and publicity system for financing of movable property of the People’s Bank of China.

 

(XIV) Party B promises
to actively cooperate with Party A’s post-investment inspection after the factoring financing funds are released, and present corresponding
vouchers for Party A to verify relevant information.

 

(XV) Party
B promises to perform the repayment obligations in time according to the contract, and unconditionally settle the principal and interest
on the expiry date of the contract. the debtor (buyer/payer/government party) of accounts receivable under the government procurement
contract for the whole hospital equipment maintenance service procurement project of Fuzhou Economic and Technological Development Zone
Hospital fails to make payment as agreed, (Contract Bao[350105]HMZB[GK] 2021001_1_779625396_9631) Party B shall raise its own funds to
fulfill the repayment obligations before the expiration date of the contract.

 

(XVI) If Party B is unable
to raise its own funds for repayment at the moment, it shall apply to Party A for extension or installment repayment in advance, with
the consent of Party A, a supplementary agreement shall be signed, the financing interest rate not less than 10% during the extension
period, and the specific standards and payment methods will be supplemented separately.

 

     

     

    

 

Article 6     Confidentiality
Provisions

 

Without the consent of the
other Party, Party A and Party B shall not disclose to any third party the trade secrets of the other Party acquired from the other Party
during or for the fulfillment of the Contract. Unless required by the lawyers, accountants, auditors and appraisers hired by the Parties
or in accordance with the laws, regulations and rules as well as the requirements of competent departments.

 

Article 7     Liability
for Breach of the Contract

 

Any of the following events
shall constitute or be deemed as Party B’s breach of contract:

 

(I) Party B violates any
item in Article 5 “Commitments and Warranties”.

 

(II) Party B fails to
fulfill its repayment obligations in a prompt manner as prescribed herein.

 

(III) Party B colludes
with the buyer maliciously, which prejudices the legitimate rights and interests of Party A.

 

(IV) Party B commits fraud
or other acts in violation of the principles of good faith, equality and mutual benefit, which prejudices the legitimate rights and interests
of Party A.

 

(V) If the project fund
is not paid back to the specified supervision account and Party B fails to return the amount to Party A within the specified time, it
will be deemed as Party B’s breach of contract.

 

(VI) Where Party B fails
to repay all the amount to Party A within 20 working days due to the cancellation of the project, it will be deemed as Party B’s
breach of contract.

 

(VII) In the event that
Party B breaches the Contract or fails to make any payment hereunder, Party B shall pay liquidated damages to Party A at 0.6 ‰/day
for each day of breach/delay.

 

Article 8     Breach
of the Contract

 

After Party B breaches the
Contract, Party A shall be entitled to take any one or more of the following measures depending on the seriousness of Party B’s
breach of contract:

 

(I) Party A may require
Party B to correct the aforesaid breach within a time limit.

 

(II) Party A may request
Party B to compensate Party A for the losses incurred by Party B's breach of contract.

 

     

     

    

 

(III) Losses due to breach
of contract include, without limitation, late payment fees, liquidated damages, damages, fees for protecting the rights of the transferee
(including, without limitation, litigation fees, execution fees, attorney fees, travel expenses, transfer taxes and fees to be paid to
the court in accordance with the law, as well as all fees advanced by the transferee due to identification, announcement, inspection,
translation, evaluation, auction, sale, storage, etc.), as well as the losses and all other expenses caused to the transferee due
to the breach of contract by the transferer or the invalidation, cancellation or alteration of the master contract.

 

Article 9     Dispute

 

In the case of any dispute
arising from the performance of the Contract between Party A and Party B, the Parties shall solve it through consultation. If no agreement
can be reached, either Party shall be entitled to file a lawsuit with a people’s court at the place where Party A is situated.

 

The Contract shall take effect as of the date
of signature and seal by the Parties hereto. The Contract is made in duplicate, with each Party holding one copy and each copy being equally
authentic.

 

Article 10     Notice

 

(I) Either Party A or
Party B’s notice of the Contract to the other Party can be served to the other Party in written form (including, without limitation,
faxes, letters as well as other written documents) based on the address and agent stated herein. If it is a fax, it will be deemed served
when it reaches the other Party; if it is a letter, it will be served on the third day from the posting date.

 

(II) The notice sent by
Party A to Party B can also be served by means of telephone, SMS and email.

 

(III) If the domicile
and telephone number recorded herein are changed during the fulfillment of the Contract, the changing Party shall notify the other Party
in a timely manner.

 

     

     

    

 

Article 11     Special
factoring account for managing the transfer of account funds and reserved seal

 

At the request of Party A’s
company on the supervision of Party B’s factoring account, Party B shall go through the formalities of products associated with
the supervision of the contracted account at the bank specified by Party A within seven days after the signing of the factoring contract
(for details of products, please refer to the attached list of products specified by bank supervision of China Construction Bank Corporation).

 

The Contract was signed on
June 16, 2022.

 

(The following is the signature
and seal page of Factoring Contract for Government Purchase without text)

 

	Party
    A: (official seal)		 	Party
    B: (official seal)	
	 	 	 	 	 
	Authorized Signatory (signature and seal):	 	Authorized Signatory (signature and seal): Zhenyu Zheng
	 	 	 	 

 

	 	Date of Signing: June 16, 2022
	 	 
	 	Place of Signing: F/3, No.106, Guangda Road, Taijiang District, Fuzhou City

 

     

     

    

 

Appendix

 

List of Products Regulated by Bank Supervision
of China Construction Bank Corporation

 

	No.	Process

 Attribution	Customer

 Company	Contracting

 Products	Business

 Functions	Formalities	Materials Required
	1	Pre-lending	Open an account, sign a contract for Yihutong products, sign the Power of Attorney of Consent to Supervision, and sign the Power of Attorney of Consent to Agent Collection	Yihutong	Open a master account (-0001) for receiving loan principal and paying interest; open a sub-account (-0002) for receiving government funds and repaying principal	It is suggested to sign a contract for Yihutong products as well as the Power of Attorney for agent collection and supervision when opening an account for government purchase customers, so that the banking formalities for government purchase customers can be completed in one step (special note: the above formalities only need to be completed independently by government purchase customers, and the relevant vouchers shall be submitted to the factoring company upon the completion).	1. Application form for comprehensive public services (version furnished by the bank); 2. Basic information such as business license; 3. Power of Attorney of Consent to Supervision (version furnished by the bank); 4. Power of Attorney of Consent to Agent Collection (version furnished by the bank).
	2	Mid-lending	Collection	Yihutong	Receive the principal from the master account (-0001 account) by signing a contract for the Yihutong account.	/	/
	Interest payment	Sign the Power of Attorney of Consent to Agent Collection	Customers do not have to pay interest manually on the basis of agent collection with authorization.	It is required to prepare sufficient funds in the master account (-0001) before the date of interest payment.	/
	3	Post-lending	Under supervision	Sign the Power of Attorney of Consent to Supervision 	Customers lose control and operation right of funds on the basis of supervision with authorization.	 	/
	Receive government returned payments	Sign the Power of Attorney of Consent to Agent Collection	Customers do not have to repay the principal manually on the basis of agent collection with authorization.	 	/

 

The actual operation of China
Construction Bank shall prevail.

 

     

     

    

 

Guarantee Contract

 

Party A (Guarantor): Zhenyu Zheng

 

Contact Address: No.88, Jiaotong Road, Taijiang
District, Fuzhou City, Fujian Province

 

ID Card No.:

 

Mobile:

 

Party B (Guarantee): Lvjin (Shenzhen) Commercial
Factoring Co., Ltd.

 

Address:      F/3,
Financial Building, No.106, Guangda Road, Fuzhou City

 

Legal Representative: Yongzhi Zhang

 

Business License Code:

 

With
a view to guarantee that the Factoring Contract for Government Purchase signed by and between Fuzhou Yukai Trading Co., Ltd.
and the factor Lvjin (Shenxun) Commercial Factoring Co., Ltd. with the contract number LJSZBL202239 can be effectively
fulfilled, Party A is willing to provide guarantee for the debt performance of Fuzhou Yukai Trading Co., Ltd. in the Factoring
Contract for Government Purchase. In accordance with the relevant laws and regulations of the State, the Parties concerned
have reached a consensus through amicable negotiation and shall hereby make and enter into the Contract.

 

Article 1     Principal
Creditor’s Rights under Guarantee

 

(I) The
principal creditor’s right guaranteed by Party A is the creditor’s right of Fuzhou Yukai Trading Co., Ltd. enjoyed
by Party B in accordance with the Factoring Contract for Government Purchase (Contract No.: LJSZBL202239) signed
by and between Party B and Fuzhou Yukai Trading Co., Ltd. on June 16, 2022.

 

(II)  The
purview of guarantee made by Party A shall cover loan principal under the Master Contract as well as interest, liquidated damages, compensation
and expenses incurred by Party B in realizing creditor’s rights (including, without limitation, legal fees, arbitration fees, attorney
fees, property preservation fees, travel expenses, execution fees, evaluation fees, auction fees, etc.).

 

     

     

    

 

Article 2     Guarantee
Mode

 

The guarantee under the Contract
shall be in the form of a joint and several liability guarantee. Where the debtor fails to repay the loan and interest at the expiration
of the loan term, Party A shall assume the guarantee liability with all the property as prescribed herein. If there are multiple guarantors
hereunder, all guarantors will jointly assume joint and several liability to the creditors until all debts are fully paid off.

 

Party A acknowledges that,
where the Debtor fails or is unable to fulfill its debts as specified in the Master Contract, no matter whether Party B owns other guarantees
for the creditor’s rights under the Master Contract (including, without limitation, any guarantee methods such as guarantee, mortgage,
pledge, etc.), Party B shall be entitled to directly request Party A to assume the liability to guarantee within the scope of guarantee.

 

Article 3     Term
of Lease

 

The guarantee of the Contract
lasts for two years from the day upon the expiration of the loan term under the master contract; where there is any event specified by
laws, regulations or the master contract, causing Party B to announce the early maturity of the loan, the guarantee period shall be two
years from the day after the early maturity date of the loan.

 

Article 4     Obligation
of Party A

 

(I) If Party A wishes
to provide guarantee for the debts of others beyond the affiliated enterprises, it shall notify Party B in writing ahead of time and get
the consent of Party B.

 

(II) Party A shall furnish
complete and true documents associated with the economic status of the enterprise.

 

(III) Party A shall accept
Party B’s investigation on its execution status and offer necessary assistance and cooperation.

 

(IV) Party A shall, in
written form, inform Party B of its change of address within 5 working days from the date of change.

 

     

     

    

 

Article 5     Rights &
Obligations of Party B

 

Party B shall be entitled to
request Party A to present materials and documents reflecting the economic conditions and credit standing of its enterprise at any time,
and Party B shall keep all information furnished by Party A strictly confidential.

 

Article 6     Changes
to the Master Contract Guaranteed

 

Where Party B and the Debtor
agree to change the terms of the Main Contract, if the debt burden of the debtor is not added or the terms have obtained the prior consent
of Party A, Party A’s guarantee liability shall not be relieved accordingly.

 

Article 7     Independent
Contract Validity

 

The validity of the Contract
is independent of the Master Contract, and the invalidity of the Master Contract does not affect the validity hereof. If the Master Contract
is confirmed to be invalid, Party A shall, in addition to the debts of the Master Contract, assume the joint and several liability guarantee
for the debts incurred by the Debtor due to compensation for losses after the invalidity of the Master Contract.

 

Article 8     Contractual
Dispute Resolution

 

In the case of any dispute
arising from the performance of the Contract, it shall be settled by the Parties through consultation or settled through litigation filed
with the people’s court at the place where the Contract is signed. During the consultation or litigation, the undisputed provisions
of the Contract shall still be performed by the Parties.

 

Article 9     Tips

 

Party B has reminded Party
A to get a comprehensive and accurate understanding of the terms and conditions specified herein, and it has given corresponding explanation
of terms and conditions at Party A’s request. The contracting Parties hereto have the same understanding of the terms of the Contract.

 

Article 10     Notice

 

Any notice given by the Parties
to the Contract to the other Party shall be served to the other Party in written form (including, without limitation, telegrams, letters
as well as other written documents) based on the address and contact person recorded herein. If it is sent by telegram, it shall be deemed
to have been served to the other Party on the second day from the sending date; if it is a postal letter (including EMS), it will be deemed
to have been served to the other Party on the third day from the posting date.

 

     

     

    

 

If Party A and Party B change
the address, contact person, telephone number, etc. recorded herein during the fulfillment of the Contract, they shall notify the
other Party in written form in a timely manner. Otherwise, the provisions of Paragraph 1 of this Article shall apply to the written
notice sent by either Party to the other Party based on the domicile and contact person prior to the change.

  

In the event of any litigation
dispute, the domicile address and contact person recorded herein shall be the legal address for service of litigation documents and other
materials (including all legal documents and document materials that need to be served in the course of trial of first instance, trial
of second instance, retrial and execution, such as copies of indictment, evidential materials, responding materials, summonses, judgments,
rulings and appeals).

 

Article 11     Effectiveness
of the Contract

 

The Contract shall come into
force as of the date of signature and seal by the Parties.

 

The Contract is made in duplicate,
with each Party holding one copy and each copy being equally authentic.

 

	Party A (signature): Zhenyu Zheng	

 

	Party B (official seal and corporate
    seal):	

 

	 	Date of Signing: June 16,
    2022
	 	 
	 	Place of Signing: F/3, No.106, Guangda
    Road, Taijiang District, Fuzhou City

 

     

     

    

 

Guarantee Contract

 

Party A (Guarantor): Binhua Zhang

 

Contact Address: Room 1602, Xiyang Apartment,
No.163, Xiyang Road, Taijiang District, Fuzhou City, Fujian Province

 

ID Card No.:

 

Mobile:

 

Party B (Guarantee): Lvjin (Shenzhen) Commercial
Factoring Co., Ltd.

 

Place of Signing: F/3, No.106, Guangda Road,
Taijiang District, Fuzhou City

 

Legal Representative: Yongzhi Zhang

 

Business License Code:

 

With a view to guarantee that
the Factoring Contract for Government Purchase signed by and between Fuzhou Yukai Trading Co., Ltd. and the factor
Lvjin (Shenxun) Commercial Factoring Co., Ltd. with the contract number LJSZBL202239 can be effectively fulfilled,
Party A is willing to provide guarantee for the debt performance of Fuzhou Yukai Trading Co., Ltd. in the Factoring Contract
for Government Purchase. In accordance with the relevant laws and regulations of the State, the Parties concerned have reached a consensus
through amicable negotiation and shall hereby make and enter into the Contract.

 

Article 1     Principal
Creditor’s Rights under Guarantee

 

(I) The
principal creditor’s right guaranteed by Party A is the creditor’s right of Fuzhou Yukai Trading Co., Ltd. enjoyed
by Party B in accordance with the Factoring Contract for Government Purchase (Contract No.: LJSZBL202239) signed by and
between Party B and Fuzhou Yukai Trading Co., Ltd. on June 16, 2022.

 

(II) The
purview of guarantee made by Party A shall cover loan principal under the Master Contract as well as interest, liquidated damages, compensation
and expenses incurred by Party B in realizing creditor’s rights (including, without limitation, legal fees, arbitration fees, attorney
fees, property preservation fees, travel expenses, execution fees, evaluation fees, auction fees, etc.).

 

     

     

    

 

Article 2     Guarantee
Mode

 

The guarantee under the Contract
shall be in the form of a joint and several liability guarantee. Where the debtor fails to repay the loan and interest at the expiration
of the loan term, Party A shall assume the guarantee liability with all the property as prescribed herein. If there are multiple guarantors
hereunder, all guarantors will jointly assume joint and several liability to the creditors until all debts are fully paid off.

 

Party A acknowledges that,
where the Debtor fails or is unable to fulfill its debts as specified in the Master Contract, no matter whether Party B owns other guarantees
for the creditor’s rights under the Master Contract (including, without limitation, any guarantee methods such as guarantee, mortgage,
pledge, etc.), Party B shall be entitled to directly request Party A to assume the liability to guarantee within the scope of guarantee.

 

Article 3    Term
of Lease

 

The guarantee of the Contract
lasts for two years from the day upon the expiration of the loan term under the master contract; where there is any event specified by
laws, regulations or the master contract, causing Party B to announce the early maturity of the loan, the guarantee period shall be two
years from the day after the early maturity date of the loan.

 

Article 4     Obligation
of Party A

 

(I) If Party A wishes
to provide guarantee for the debts of others beyond the affiliated enterprises, it shall notify Party B in writing ahead of time and get
the consent of Party B.

 

(II) Party A shall furnish
complete and true documents associated with the economic status of the enterprise.

 

(III) Party A shall accept
Party B’s investigation on its execution status and offer necessary assistance and cooperation.

 

(IV) Party A shall, in
written form, inform Party B of its change of address within 5 working days from the date of change.

 

     

     

    

 

Article 5     Rights &
Obligations of Party B

 

Party B shall be entitled to
request Party A to present materials and documents reflecting the economic conditions and credit standing of its enterprise at any time,
and Party B shall keep all information furnished by Party A strictly confidential.

 

Article 6     Changes
to the Master Contract Guaranteed

 

Where Party B and the Debtor
agree to change the terms of the Main Contract, if the debt burden of the debtor is not added or the terms have obtained the prior consent
of Party A, Party A’s guarantee liability shall not be relieved accordingly.

 

Article 7     Independent
Contract Validity

 

The validity of the Contract
is independent of the Master Contract, and the invalidity of the Master Contract does not affect the validity hereof. If the Master Contract
is confirmed to be invalid, Party A shall, in addition to the debts of the Master Contract, assume the joint and several liability guarantee
for the debts incurred by the Debtor due to compensation for losses after the invalidity of the Master Contract.

 

Article 8     Contractual
Dispute Resolution

 

In the case of any dispute
arising from the performance of the Contract, it shall be settled by the Parties through consultation or settled through litigation filed
with the people’s court at the place where the Contract is signed. During the consultation or litigation, the undisputed provisions
of the Contract shall still be performed by the Parties.

 

Article 9     Tips

 

Party B has reminded Party
A to get a comprehensive and accurate understanding of the terms and conditions specified herein, and it has given corresponding explanation
of terms and conditions at Party A’s request. The contracting Parties hereto have the same understanding of the terms of the Contract.

 

Article 10     Notice

 

Any notice given by the Parties
to the Contract to the other Party shall be served to the other Party in written form (including, without limitation, telegrams, letters
as well as other written documents) based on the address and contact person recorded herein. If it is sent by telegram, it shall be deemed
to have been served to the other Party on the second day from the sending date; if it is a postal letter (including EMS), it will be deemed
to have been served to the other Party on the third day from the posting date.

 

     

     

    

 

If Party A and Party B change
the address, contact person, telephone number, etc. recorded herein during the fulfillment of the Contract, they shall notify the
other Party in written form in a timely manner. Otherwise, the provisions of Paragraph 1 of this Article shall apply to the written
notice sent by either Party to the other Party based on the domicile and contact person prior to the change.

 

In the event of any litigation
dispute, the domicile address and contact person recorded herein shall be the legal address for service of litigation documents and other
materials (including all legal documents and document materials that need to be served in the course of trial of first instance, trial
of second instance, retrial and execution, such as copies of indictment, evidential materials, responding materials, summonses, judgments,
rulings and appeals).

 

Article 11     Effectiveness
of the Contract

 

The Contract shall come into
force as of the date of signature and seal by the Parties.

 

The Contract is made in duplicate,
with each Party holding one copy and each copy being equally authentic.

 

	Party A (signature): 	

 

	Party B (official seal and corporate
    seal):	

 

	 	Date of Signing: June 16, 2022
	 	 
	 	Place of Signing: F/3, No.106, Guangda
    Road, Taijiang District, Fuzhou City

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