Document:

Exhibit
10.17

 

No: 9884201280129

 

 

 

 

 

SPD
BANK

 

 

 

 

 

 

Contract
for Loans of Working Capital

 

 

 

 

 

 

     

     

    

 

Contract for Loans of Working Capital

 

Borrower:
ChinaLink Professional Services Co., Ltd.

 

Principal
business address:2nd floor, Building 18, No. 498, GuoShouJing Road, Pudong New Area, Shanghai

 

The
contact:Lisa Wu Tell:18516502856

 

Fax:/
Email:lisa.wu@clpsglobal.com

 

Lender:Shanghai
Pudong Development Bank Co., LTD. Jinqiao Branch

 

Principal
business address:No.509 Jinqiao Road, Pudong New Area, Shanghai

 

The
contact:Lin Xie Tell:021-58994702

 

Whereas;

 

The
borrower applies to the lender for working capital loan due to capital turnover needs; Upon review, the Lender agrees to release the
loan in accordance with the terms and conditions of this Contract. In order to clarify the rights and obligations of both parties, both
parties hereby enter into this Contract for compliance with the relevant laws, regulations and rules of the People’s Republic of China
through mutual agreement.

 

At
the same time, the borrower and the lender confirm the following principal terms (please select in the box below according to the situation,
tick X if not selected);

 

☒
This contract, as the number of a/financing bottle degree of agreement (hereinafter referred to as the
credit line agreement) affiliated with the financing documents signed, this contract comes into force, all its terms and conditions are
incorporated into the financing credit agreement, and as a part of (if the borrower have previously signed the melt line agreement, should
choose the project, and indicate the credit line agreement number);

 

    2

     

    

 

R This
contract is an independent credit document signed between the borrower and the lender (this item should be selected if the borrower and
the lender have not signed the financing line agreement);

 

☒
The guarantor has been informed that the purpose of the loan under this contract is to repay the loan under the original contract
name: ___Date of signing:___ No: ___.(Select this item if the purpose of borrowing is to repay the old or renew the loan)

 

The
Part One Commercial terms

 

	1.	Types
                                                                                                                                                                        of Loans:  R Short-term
                                                                                                                                                                        working capital loans; ☐ mid-term liquidity loan,
	 	 

	2.	loan
                                            amount under this contract is RMB(currency) 10 million
	 	 

	3.	the
                                            specific use of loan under this contract as follows: Pay social security
	 	 

	4.	the
                                            time limit for the loan under this contract (in the following box, please, don’t choose to
                                            play x)

 

R since
March 25, 2021 to  March 24, 2022.

 

☒ From
the date of first withdrawal ___ _  year (or ___ months)

 

The
actual withdrawal date and repayment date shall be the date recorded on the ious (loan certificate) issued by the lender and the borrower.
The last repayment date shall not exceed the loan term agreed herein. The loan (loan certificate) is an integral part of this contract.

 

5.The
interest rate of the loan under this Contract is (please tick V in the box below and x if not)

 

(1)
the RMB loans Interest Rate :

 

Each
loan under this Contract shall be issued according to the loan market quoted APR (term) -1 BPS published by The National Inter-Bank Lending
Center at the end of the day prior to the actual date of loan issuance. If the calculated interest rate is less than 0%, it shall be
implemented as 0%. (The quoted market interest rate is the annual interest rate, which can be found through the National Inter-bank Lending
Center and the website of the People’s Bank of China)

 

    3

     

    

 

After
each loan is issued, if the quoted interest rate of the loan market is adjusted during the loan term, the loan interest rate (please
put a in the box below and x in case of non-I):

 

R Fixed
interest rate without adjustment;

 

☒ Since interest rates adjust interest rates to adjust
interest rates before a complex day by day the national interbank funding center published in this article the contract term loan market
quotation rate (LPR) as the base, the way of fixed interest rate floating point and calculating constant, specific interest rates adjust
below (please v is selected in the following box, does not escape the x) :

 

☒ The
interest rate is adjusted by year, and the interest rate adjustment day is the corresponding day of the actual loan issuing date in the
corresponding month of the next Gregorian calendar year. If there is no corresponding day of the actual loan issuing date in the corresponding
month of the next Gregorian calendar year, the interest rate adjustment day is the last day of the actual loan issuing date in the corresponding
month of the next Gregorian calendar year:

 

☒ Adjust the interest
rate according to year, the interest rate adjustment date is January 1 of each year;

 

☒ Adjust the interest
rate according to the interest settlement date, and the interest rate adjustment day is the next day of the interest settlement date;

 

☒ Quarterly adjustment
of interest rate, interest rate adjustment day for the end of each quarter on a monthly basis,;

 

☒ interest rate adjustment
day for a monthly/daily

 

☒ other agreement (specific interest rate adjustment day),

 

    4

     

    

 

☒ (2) interest rate
of foreign currency loan;

 

each loan under this Contract
will be issued __at the rate of ___(LIBORAHIBORSIBOR) published by the Lender on the date of disbursement plus/BPS.

 

☒ After each loan under
this joint venture is issued, the loan interest rate shall be adjusted by __.

 

☒ Fixed rate, that is,
the interest rate is not adjusted.

 

	6.	The method of loan settlement under this Contract is (please check the box below/tick X if not selected):

 

☒ On a monthly basis,
the settlement date is the second +(20) day of each month;

 

R Quarterly,
then the settlement date is the twentieth (20th) day of the last month of each quarter:

 

☒ Other
methods:

 

And
each repayment interest under this contract is clear with this.

 

	7.	Penalty
                                            interest rate under the Contract is:

 

		(1)	This
                                            overdue penalty interest rate shall be applied at the loan execution rate applicable on the
                                            date of penalty interest collection plus 30 %.
	 	 	 

		(2)	If
                                            the loan is not used in accordance with the purpose agreed herein, the penalty interest rate
                                            will be calculated and the loan execution interest rate applied on the penalty interest date
                                            shall be charged plus 50%.
	 	 	 

8.
The drawdown period of the loan under the Contract is from March 25, 2021 to March 31, 2021. The first withdrawal shall be
made before March 31, 2021

 

9.
The withdrawal plan for the loan under this Contract is as follows (please select√ in the box below, tick X if you do not select)

 

the
withdrawal plan is shown in the table below:

 

	NO	 	The
    withdrawal date	 	On
    withdrawals
	1	 	March
    25, 2021	 	10million

 

☒ Other
withdrawal plans:  ________.

 

    5

     

    

 

10.
The repayment plan of the loan under this Contract is as follows (Please tick R 
in the box below, if not, tick x)

 

	NO	 	Repayment
    date	 	Reimbursement
    amount
	1	 	 2022	 	10million

 

11.
Liquidated damages for loan repayment in advance; Equivalent to 0% or RMB(currency) 0 the actual amount of loan
repaid in advance

 

12.
The principal amount of loan repayment in advance shall not be less than RMB( currency) 0

 

13.
Account opening (select one of the following modes for RMB loans, select the special account mode for foreign currency loans, and mark
X for those not selected)

 

R Unsegregated
account mode:

 

	(1)	The
                                            general settlement account opened by the borrower with the lender is:

 

Bank:Shanghai
Pudong Development Bank Co., LTD. Jinqiao Branch

 

Bank
account name:ChinaLink Professional Services Co., Ltd. 

 

Bank
account number:98840078801600002917

 

	(2)	the
                                            borrower’s fund recovery account opened with the lender is:

 

Bank:Shanghai
Pudong Development Bank Co., LTD. Jinqiao Branch

 

Bank
account name:ChinaLink Professional Services Co., Ltd.

 

Bank
account number:98840078801600002917

 

☒ Special
Account mode

 

	(1)	The
                                            special account for working capital loan opened by the borrower with the lender is:

 

Bank:
_______/_______ .

 

Bank
account name:______ /_________ .

 

Bank
account number: _____/_________ .

 

	(2)	The
                                            general settlement account opened by the borrower with the lender is:

 

Bank:
______/________ .

 

Bank
account name: ______/ _________ .

 

Bank
account number: ______/ ___________ .

 

    6

     

    

 

	(3)	The
                                            Borrower’s fund recovery account opened with the Lender is:

 

Bank:
______________/____ .

 

Bank
account name: ___________/ _________.

 

Bank
account number: __________/___________ .

 

14.
Entrusted Payment by the Lender: if the payment object is clear and the single managed payment amount exceeds (currency amount) ______ the loan
fund payment, the entrusted payment method of the Lender shall be

 

15.
The guarantors and security contracts providing security for the debt hereunder include but are not limited to:

 

☒ The
guarantor ______/___ 《guaranty contract》NO ☐

 

☒ The
mortgagor ______/_____ 《Mortgage contract》NO ☐

 

☒ The
pledger ______/______ 《Pledger contract》NO ☐

 

☒ Other
guarantee ______/_________ 。

 

16.
Breach of contract liquidated damages. It is equivalent to zero percent of the principal amount borrowed or _____/_______ .

 

17.
Annexes to this contract include:

 

(1)《Application
for withdrawal》

 

(2)《
____________                                            / ____________》

 

(3)《
_____________/ ____________》

 

(4)《
_____________/ ____________》

 

(5)《
_____________/ ____________》

 

18.
Other matters agreed upon by both parties

 

___________None/_____________
 .

 

19.
This Contract is made in three originals, one held by the borrower and two held by the lender, each of which has
the same legal effect.

 

(End
of Part I)

 

    7

     

    

 

The
Part Two General terms

 

Article
1 borrowing

 

1.The
Borrower irrevocably agrees and confirms that the Lender has the right to change due to laws, regulations and policies, or to be restricted
by the macro-monetary or financial regulatory policies of the government, or to be subject to market conditions. The borrower may suspend,
reduce or cancel the loan and notify the borrower if the conditions for granting the loan are adjusted or increased in consideration
of its capital position and financial cost, its own business needs, the borrower’s performance ability or financial condition, or other
major changes occur.

 

2.
The compensation hereunder shall be used in accordance with the loan purposes agreed herein. The Borrower shall not misappropriate or
occupy the loan for fixed asset investment, equity investment, etc., or use the loan in fields and purposes prohibited by the state or
other activities inconsistent with working capital loan purposes

 

Article
2 borrowing rate and interest calculation method

 

	1.	Unless
                                            otherwise agreed herein, the loan interest hereunder shall be calculated and collected in
                                            accordance with the actual amount of withdrawal and the number of days occupied by the Lender
                                            from the date of loan issuance. Occupied days include the first day, excluding the last day.
                                            Daily interest = monthly interest rate /30, monthly interest rate = annual interest rate
                                            12.

 

	2.	The
                                            Lender has the right to pay the unpaid principal of the loan due to the Borrower (the term
                                            “due” in this Contract includes the case where the Lender declares the loan to
                                            be due early), and the overdue penalty interest shall be calculated and collected according
                                            to the retroactive interest rate agreed herein according to the actual overdue days from
                                            the overdue date until the principal and interest of the borrower are paid off
	 	 

	3.	If
                                            the borrower fails to use the loan funds for the agreed purposes, the lender shall have the
                                            right to use the amount of loan box for breach of contract. Since the date of breach, the
                                            penalty interest shall be calculated and collected according to the penalty interest rate
                                            for misappropriation agreed herein according to the actual days of breach until the borrower
                                            pays off the principal and interest.
	 	 

	4.	The
                                            Lender shall, from the date on which the borrower fails to pay the interest on time (including
                                            the normal total interest, overdue penalty interest and misappropriated penalty interest),
                                            compound the interest according to the overdue penalty interest rate agreed herein according
                                            to the actual overdue days.
	 	 

	5.	Interest
                                            rate market paralysis

 

If
there is no APPLICABLE LPR (applicable in RMB) or LIBOR/HIBORSIBOR (applicable in foreign currency) interest rate on the quoted date
of the relevant interest period after the loan is issued under this Contract, the Borrower shall negotiate with the Lender to determine
an alternative interest rate; If no agreement can be reached within five (5) banking business days from the commencement of the negotiation,
the borrower shall repay the principal and interest of the loan in full within thirty (30) banking business days from the date of such
agreement.

 

    8

     

    

 

Article
3 withdrawal

 

1.
before the first withdrawal, the borrower shall meet the following conditions:

 

(1)
submit the withdrawal application (see Annex 1 or annex 2 of the contract for the format), the completed loan (loan) voucher and other
relevant documents at the time and in the manner agreed in the contract;

 

(2)
This contract and the corresponding guarantee contract (if any) have been signed and remain valid, and the security right has been effectively
established;

 

(3)
Submit the borrower’s current valid business license, articles of association and recent financial statements on the withdrawal date
(including but not limited to the annual financial report and current statements audited by certified public accountants in the previous
year):

 

(4)
Submit the loan resolution made by the borrower’s board of directors / shareholders’ meeting or other institutions with the
same effect, the letter of authorization from the legal representative to the authorized representative and the original signature sample
of the legal representative and authorized representative;

 

(5)
The borrower has opened relevant accounts with the lender according to the lender’s requirements;

 

(6)
The borrower has performed its obligations under the contract without any event of default under the contract;

 

(7)
Other documents or conditions required by the lender.

 

2.
except for the first withdrawal, the borrower shall meet the following conditions before each withdrawal:

 

(1)
submit the withdrawal application (see Annex 1 or annex 2 of the contract for the format), the completed loan (loan) voucher and other
relevant documents at the time and in the manner agreed in the contract;

 

(2)
The representations and warranties made by the borrower under this contract shall remain valid;

 

(3)
The borrower has performed its obligations under the contract without any event of default under the contract;

 

(4)
Other documents or conditions required by the lender.

 

    9

     

    

 

3.
withdrawal

 

(1)
the borrower shall make a one-time withdrawal or installment withdrawal in accordance with the withdrawal plan agreed in the contract,
and submit a withdrawal application (see Annex 1 or annex 2 of the contract for the format) to the lender three (3) banking days before
the expiration of each withdrawal date to go through the withdrawal procedures;

 

(2)
If the borrower needs to postpone or change the withdrawal date, it shall obtain the consent of the lender three (3) banking days before
the expiration of the withdrawal date, and the lender has the right to require the borrower to pay the interest loss suffered by the
lender (interest loss: the interest of the delayed withdrawal period and the interest of demand deposit in the same period);

 

(3)
If the borrower requests to cancel all or part of the undrawn loan, it shall apply to the lender three (3) banking business days before
the determined withdrawal date or the termination date of the withdrawal period, and the cancellation can be carried out only with the
consent of the lender;

 

(4)
If the borrower fails to handle the withdrawal procedures within the specified withdrawal date or withdrawal period and fails to apply
for postponement of withdrawal, the lender has the right to cancel the undrawn loan:

 

The
lender has the right to waive one or more of the above withdrawal conditions without affecting any right enjoyed by the Lender under
this contract

 

    10

     

    

 

Article
4 account opening and management

 

1
..When signing this contract, the borrower shall have opened a general settlement account and capital return account (see part I of this
contract) at the lender, as well as a special working capital loan account (if any) agreed by both parties. The borrower agrees that
the lender shall monitor the aforesaid account of the borrower.

 

2.If
no special working capital loan account is opened, the general settlement account is used to calculate the loan fund issuance and loan
fund payment applied by the borrower at the lender.

 

If
a special working capital loan account is opened, the special working capital loan account is used to calculate the loan fund issuance
and loan fund payment applied by the borrower at the lender, and the funds in the account bear interest according to the current deposit.
The borrower agrees that in addition to the seal reserved by the borrower, the special account for working capital loan shall also reserve
the special seal for loan fund payment supervision of the lender.

 

Without
the written consent of the lender, the borrower shall not change the reserved seal of the special working capital loan account at will.

 

3.
The borrower confirms that the fund return account is the income account and repayment reserve account under the contract. The borrower’s
income cash flow or the borrower’s overall cash flow shall be entered into the capital return account.

 

The
borrower guarantees that the capital balance in the borrower’s repayment reserve account shall not be less than the amount of principal
and interest payable by the borrower in the current period on each principal and interest repayment date under the contract and within
three (3) days before it.The borrower agrees that on each principal and interest repayment date and within three (3) days before it,
the lender has the right to restrict or refuse the borrower’s external payment that will cause the fund balance in the repayment
reserve account to be lower than the principal and interest payable in the current period, so as to ensure that the fund balance in the
repayment reserve account is sufficient to pay the principal and interest payable in the current period.

 

The
lender has the right to monitor the capital return account. In case of abnormal capital flow in the capital return account, the lender
has the right to find out the reasons from the borrower and take corresponding measures.

 

    11

     

    

 

Article
5 Payment supervision

 

1
..The borrower agrees that the lender has the right to manage and control the payment of the loan funds through the entrusted payment
of the lender or / and the independent payment of the borrower, so as to supervise the use of the loan funds according to the purpose
agreed in the contract.

 

Entrusted
payment by the lender means that the lender pays the loan funds through the borrower’s account to the borrower’s trading
partner who meets the purpose agreed in this contract according to the borrower’s withdrawal application and payment entrustment.

 

Autonomous
payment by the borrower means that after the lender issues the loan funds to the borrower’s account according to the borrower’s
withdrawal application, the borrower will independently pay them to the borrower’s trading partner who meets the purpose agreed
in the contract.

 

2.The
borrower agrees that if the borrower and the lender have newly established a credit business relationship and the borrower’s credit
status is general, or the payment object is clear and the single payment amount exceeds the amount agreed in the contract (see part I
of the contract), or other circumstances recognized by the lender, the entrusted payment method of the lender shall be adopted.

 

If
the entrusted payment method is adopted, the lender has the right to review whether the payment object, payment amount and other information
listed in the payment application provided by the borrower are consistent with the corresponding business contract and other supporting
materials according to the loan purpose agreed in the loan contract.

 

After
approval, the lender shall pay the loan funds to the borrower’s trading partner through the borrower’s account.

 

3.
When applying to the lender for external payment of loan funds, the borrower shall submit supporting materials meeting the lender’s
requirements, including but not limited to:

 

(1)
documents certifying that the purpose of payment is in accordance with the purpose agreed in the contract:

 

(2)
Business contracts and written documents that truly reflect the borrower’s payment obligations. For the expenses that must be paid
without signing the contract, the charging policy and standard approved by the competent department shall be provided;

 

(3)
If the corresponding invoices or receipts cannot be obtained at the same time of payment, the borrower shall timely submit the corresponding
invoices or receipts for the use of funds after the completion of payment;

 

(4)
Legal and valid payment voucher:

 

(5)
Other documents required by the lender.

 

    12

     

    

 

The
lender has the right to waive one or more of the above supporting materials without affecting any rights enjoyed by the Lender under
this contract

 

4.
If the special account for working capital loan is not opened, the borrower shall submit the withdrawal application to the lender three
(3) banking days before the proposed withdrawal date (see Annex 1 of the contract for the format), and propose whether to adopt the entrusted
payment method of the lender or the independent payment method of the borrower. The borrower confirms that the lender has the right to
review whether the relevant information of the borrower meets the payment conditions agreed in the contract, and has the right to decide
the payment method of the corresponding loan.

 

If
the special account for working capital loan is opened by the entrusted payment method of the lender, the borrower shall submit the payment
application with the reserved seal of the borrower of the special account for working capital loan (see Annex 3 of the contract for the
format) to the lender three (3) banking days before the payment date. The lender has the right to review whether the relevant information
of the borrower meets the payment conditions agreed in this contract. If the lender approves, it shall stamp the special seal for loan
fund payment supervision on the payment voucher before making external payment. If the borrower’s independent payment method is
adopted, the borrower shall submit the payment application (see Annex 3 of the contract for the format) and relevant materials to the
lender three (3) banking days in advance. The lender has the right to review whether the relevant materials submitted by the borrower
meet the conditions agreed in the contract.If the lender approves, the borrower shall fill in the payment voucher (the amount of each
summary payment voucher shall not exceed the entrusted payment amount of the lender agreed in this contract).After review, the lender
shall affix the special seal for loan fund payment supervision on the summary payment voucher, and transfer the corresponding funds to
the borrower’s general settlement account.

 

5.If
the borrower’s autonomous payment method is adopted, the borrower shall regularly summarize and report the autonomous payment of
loan funds to the lender every month. The lender has the right to verify whether the borrower’s loan payment meets the agreed purpose
and payment method through account analysis, voucher inspection, on-site investigation, etc.

 

6.The
borrower confirms that it shall pay to the lender the remittance fee arising from the payment of funds. When the remittance fee occurs,
the lender has the right to deduct it directly according to the actual amount.

 

7.
In the process of loan issuance and payment, if any of the following circumstances occurs to the borrower, the lender has the right to
require the borrower to supplement the withdrawal conditions and payment conditions, or change the loan payment method and stop the issuance
and payment of loan funds:

 

(1)
declining credit status;

 

(2)
The profitability of main business is not strong;

 

(3)
Abnormal use of loan funds.

 

    13

     

    

 

Article
6 repayment

 

1.
the borrower shall timely and fully repay the principal, interest and relevant expenses of the loan according to the repayment plan agreed
in the contract. The borrower hereby irrevocably authorizes the lender to actively deduct the above amount from its account opened with
the lender on the maturity date of the loan or when the conditions agreed in the contract are met to repay the creditor’s rights
of the lender.

 

2.
If the borrower repays the loan in advance, it shall submit a written application to the lender and obtain the written consent of the
lender before the tenth (10th) banking business day before the expected repayment date. Without the prior written consent of the lender,
the borrower shall still repay the principal and interest according to the time limit and interest rate agreed in the contract.

 

The
prepayment agreed by the lender shall be deemed as the prepayment of the loan. In this case, the lender also has the right to require
the borrower to pay certain liquidated damages in accordance with the contract (see part I of the contract).

 

In
case of early repayment of the loan, the interest shall be calculated according to the actual number of days used by the borrower and
returned together with the principal; The principal amount of early repayment shall not be less than the limit agreed in part I of this
contract; The principal returned shall be offset against the loan principal in the reverse order of the repayment plan agreed in this
contract.

 

3.
If the borrower is unable to repay on schedule for justified reasons, it shall apply to the lender for loan extension before the thirtieth
(30th) banking business day of the repayment period agreed in this contract, and prepare necessary materials to go through relevant extension
procedures. If the loan under this contract is guaranteed, mortgaged or pledged, the guarantor, mortgagor and Pledgor shall also issue
a written consent certificate. The lender shall decide whether to agree to the extension. If the borrower does not apply for extension
or the application for extension is not approved by the lender, the loan shall be transferred to the overdue loan from the next day of
the maturity date.

 

4.
The borrower shall not withdraw any returned loan funds again.

 

    14

     

    

 

Article
7 representations and warranties

 

The
borrower makes the following representations and warranties to the lender, which are made at the time of signing this contract and remain
valid during the validity of this contract.

 

1.
The borrower is an enterprise (institution) legal person and other economic organization established in accordance with its applicable
law, with independent legal personality, complete financial system and repayment ability, and has the right to conclude and perform this
contract according to law.

 

2.
The borrower has the right to sign this contract and has completed all authorizations and approvals of the board of shareholders, the
board of directors or other competent authorities required for signing this contract and performing its obligations under this contract.
All terms of this contract are the true intention of the borrower and are legally binding on the borrower.

 

3.
The signing and performance of this contract shall not violate the laws that the borrower shall abide by (the laws under this contract
include the laws, regulations, rules, local regulations, judicial interpretations, etc., the same below), the relevant documents, judgments
and rulings of the competent authorities, nor the articles of association of the borrower or any contract it has signed Conflict with
the agreement or any other obligations undertaken.

 

4.
The borrower guarantees that all financial statements (if any) issued by it comply with the provisions of applicable laws and that the
statements truly, completely and fairly reflect the financial situation of the borrower.

 

5.
In the process of signing and performing this contract, the borrower abides by the principle of honesty and trustworthiness, and all
materials, documents and information (including but not limited to business license, project approval documents, feasibility study report,
self raised funds implementation certificate, financial statements, etc.) provided to the lender, including itself and the guarantor,
are true, effective and accurate Complete without any concealment or omission.

 

6.
The borrower guarantees to complete the filing, registration or other procedures required for the effectiveness and legal performance
of this contract.

 

7.
Since the issuance of the latest audited financial statements, there has been no significant adverse change in the borrower’s operating
and financial conditions.

 

8.
In business activities, strictly abide by laws and regulations, carry out various businesses in strict accordance with the provisions
of the borrower’s business license or the business scope approved according to law, go through the registration and annual inspection
procedures on time, the production and operation are legal and compliant, have the ability of sustainable operation and have a legal
source of repayment.

 

    15

     

    

 

9.
Do not give up any due creditor’s rights, nor dispose of the existing main property free of charge or in other inappropriate ways.

 

10.
The borrower has disclosed to the lender what it knows or should know and decided whether to grant the loan under this contract

 

Important
facts and conditions (including but not limited to business status, financial status, external guarantee, etc.).

 

11.
The borrower guarantees that it is in good credit condition and has no major bad record.

 

12.
The borrower guarantees that there are no other circumstances or events that have or may have a material adverse impact on the borrower’s
performance ability.

 

Article
8 covenants

 

The
borrower and the lender agree as follows:

 

1.
The borrower guarantees to operate in accordance with the law, use the loan for the purpose agreed in this contract and not misappropriate
it for other purposes. The borrower shall regularly provide various relevant financial and accounting materials, including monthly and
annual statements, as required by the lender, and actively cooperate with the loan The borrower shall supervise the use of the loan and
the operation of the borrower. The lender may inspect and supervise the use of the loan in various ways at any time.

 

    16

     

    

 

2.
The borrower shall repay the principal and interest of the loan under the contract according to the time, amount, currency and interest
rate specified in the contract, application and loan (loan) certificate.

 

3.
The borrower guarantees that once any event occurs or will occur that is sufficient to have a significant adverse impact on the financial
condition of the guarantor or its ability to perform the guarantee obligations, the borrower will timely provide a new guarantee approved
by the lender.

 

4.
The borrower promises that the borrower will not take the following actions without the written consent of the lender:

 

(1)
Transfer (including sale, gift, debt repayment, exchange, etc.), mortgage, pledge or otherwise dispose of all or most of its major assets;

 

(2)
Contracting, joint venture, major foreign investment, change of actual controller or major shareholder, shareholding reform, merger (merger),
joint venture (cooperation), division, equity transfer, substantial increase of debt financing, establishment of subsidiaries, property
right transfer, capital reduction, suspension of business, dissolution, application for bankruptcy Reorganization or cancellation and
other acts that may affect the borrower’s repayment ability;

 

(3)
Provide the third party with a guarantee sufficient to have a material adverse impact on its financial condition or its ability to perform
its obligations under the contract;

 

(4)
Paying off other long-term debts in advance and may have a significant adverse impact on the borrower’s ability to perform its
obligations under the contract;

 

    17

     

    

 

(5)
Sign contracts / agreements or undertake relevant obligations that have a significant adverse impact on the borrower’s ability
to perform its obligations under the contract.

 

5.
The borrower promises that when the following events occur, the borrower will immediately notify the lender on the date of the event,
and deliver the original of the relevant notice to the lender (with official seal) within five (5) banking days from the date of the
event:

 

(1)
the occurrence of relevant events makes the representations and warranties made by the borrower in this contract untrue, inaccurate or
invalid.

 

(2)
The borrower or its controlling shareholder, actual controller or its affiliates are involved in litigation, arbitration or its assets
are seized, sealed up, frozen, enforced or other measures with the same effect are taken, or its legal representative / person in charge
is involved in litigation, arbitration or other coercive measures;

 

(3)
The borrower’s legal representative or its authorized agent, principal, main financial principal, mailing address, enterprise name,
office space and other matters are changed;

 

(4)
Being applied for reorganization or bankruptcy by other creditors or being revoked by the superior competent authority;(5) other major
adverse events that may affect the borrower’s solvency.

 

6.
The borrower guarantees that it will not pay off other loans in priority in violation of the normal repayment order, and will not sign
any contract or agreement that will subordinate the loan under this contract now and in the future.

 

    18

     

    

 

7.
The borrower shall, as far as possible, repay and pay the principal and interest of the loan under the contract in the same currency.
If the borrower repays its debts in different currencies, the borrower shall, or authorize the lender, convert the funds in different
currencies into the loan currency under the contract according to the “deduction agreement”. The expenses incurred shall
be borne by the borrower. When the guarantor repays the debt on behalf of the borrower in different currencies, the “deduction
agreement” from the guarantee contract shall be borne by the borrower.

 

8.
In case of specific circumstances or changes in the guarantee under this contract, the borrower shall timely provide other guarantees
approved by the lender as required by the lender. Such specific circumstances or specific changes include but are not limited to the
guarantor’s suspension of production, closure of business, dissolution, suspension of business for rectification, revocation or
revocation of business license, application or application for reorganization, bankruptcy, major changes in business or financial status,
involvement in major litigation or arbitration cases, involvement of legal representatives, directors, supervisors and key business managers
The value of the collateral is reduced or may be reduced, or property preservation measures such as sealing up are taken, there is a
breach of contract under the guarantee contract, and it is required to terminate the guarantee contract.

 

9.
The lender has the right to conduct on-site or off-site due diligence on the borrower, and carry out post loan inspection on the borrower’s
business status, financial status, external guarantee, use of loan funds and repayment. The borrower is obliged to actively cooperate
with the lender in loan payment management, post loan management and relevant inspection.

 

10.
The lender has the right to recover the loan funds under this contract in advance according to the withdrawal of the borrower’s
funds.

 

11.
special agreements on group customers (applicable to group customers).

 

If
the borrower of this contract is a group customer, the borrower hereby undertakes:

 

(1)
the borrower shall timely report the related party transactions of more than 10% of the net assets of the actual trustee, including: j the
related party relationships of all parties to the transaction k Transaction
items and nature l The
amount of the transaction or the corresponding proportion m Pricing
policy (including transactions with no amount or only symbolic amount).

 

    19

     

    

 

(2)
If the actual trustee has the following circumstances, it shall be deemed that the borrower has breached the contract, and the lender
has the right to unilaterally decide to cancel the unused credit of the customer, recover part or all of the used credit, or require
the customer to increase the margin to 100%: j providing
false materials or concealing important business financial facts k Changing
the original purpose of the credit without the consent of the lender, misappropriating the credit or using the bank credit to engage
in illegal and illegal transactions  l Taking
advantage of false contracts with related parties to obtain bank funds or credit by discounting or pledging creditor’s rights such
as notes receivable and accounts receivable without actual trade background m refusing
to accept the lender’s supervision and inspection of its use of credit funds and relevant business and financial activities n In
case of major merger, acquisition and reorganization, the lender believes that it may affect the credit security o Intentionally
evading bank creditor’s rights through related party transactions.

 

12.
special guarantees, commitments and agreements on green credit (applicable to borrowers whose construction, production and operation
activities of nuclear power plants, large hydropower stations, water conservancy projects, resource extraction projects, etc. may seriously
change the original state of the environment and the adverse environmental and social consequences are not easy to eliminate, as well
as oil processing, coking and nuclear fuel import workers The construction, production and operation of chemical raw materials and chemical
products will produce adverse environmental and social consequences, but it is easy to eliminate them through slow-release measures)

 

(1)
the borrower declares and guarantees that the management of environmental and social risks, including: j the
internal management documents related to environmental and social risks comply with the requirements of laws and regulations and are
effectively implemented; k there
are no major litigation cases involving environmental and social risks;

 

(2)
The borrower promises to accept the supervision of the lender and strengthen environmental and social risk management, including: j commitment
to compliance of all behaviors and performances related to environmental and social risks k Commit
to establish and improve the internal management system of environmental and social risks, and specify the responsibilities, obligations
and punishment measures of relevant responsible personnel of the borrower l Commit
to establish and improve the emergency mechanism and measures for environmental and social risk emergencies m Commit
to establish special departments and / or designate special personnel to be responsible for environmental and social risks n Promise
to cooperate with the lender or its recognized third party in the assessment and inspection of the borrower’s environmental and
social risks o in
the face of strong doubts from the public or other stakeholders about the borrower’s performance in controlling environmental and
social risks, promise to respond appropriately or take other necessary actions p undertake
to urge the borrower’s vital related parties to strengthen management and prevent the environmental and social risks of related
parties from infecting the borrower q undertake
to perform other matters that the lender considers relevant to controlling environmental and social risks

 

(3)
The borrower promises to timely and fully inform the lender of various permits j approvals
and approvals related to environmental and social risks in the process of commencement, construction, operation and shutdown k Assessment
and inspection of the borrower’s environmental and social risks by the environmental and social risk regulatory authority or its
recognized institutions l supporting
construction and operation of environmental facilities m Discharge
and compliance of pollutants n Safety
and health of employees o neighboring
communities for the borrower Major complaints and protests p Major
environmental and social claims q Other
lenders believe that it is related to environmental and social winds Skillfully Major information related to insurance;

 

    20

     

    

 

(4)
If the borrower and the actual Credit Lender have the following circumstances, it shall be deemed that the borrower has an event of default
under this Contract: j the
borrower’s statement, guarantee and commitment on environmental and social risk management have not been seriously fulfilled k The
borrower is punished by relevant government departments due to poor environmental and social risk management l the
borrower is strongly questioned by the public and / or the media due to poor environmental and social risk management m Other
events of default related to environmental and social risk management agreed between the lender and the borrower, including cross events
of default;

 

In
case of the above events of default of the borrower, the lender has the right to unilaterally decide: j cancel
the credit commitment already made k Suspend
the disbursement of the loan until the borrower takes rescue measures satisfactory to the lender l recover
the allocated loan in advance m When
the loan cannot be repaid, relevant mortgage and pledge rights and other punishment measures shall be exercised in advance n other
punishment measures agreed by the lender and the borrower.

 

13.
As for the anti money laundering agreement, the borrower confirms and agrees that the lender has the right to conduct money laundering
risk assessment on the transactions involved under the contract in accordance with the applicable anti money laundering laws and regulations
and internal management requirements, and the lender has reasonable reasons to suspect that the borrower and / or the transactions under
the contract are suspected of participating in the UN Security Council, the financial action task force against money laundering, China
In case of money laundering, terrorist financing or (weapons of mass destruction) financing activities, or tax evasion recognized by
the United States, the European Union and other international organizations or countries, the lender has the right to take necessary
control measures in accordance with the anti money laundering regulations of the people’s Bank of China. At the same time, the
lender has the right to directly restrict and suspend all or part of the business under this contract without notifying the borrower,
announce the early maturity of the loan, terminate this contract, and require the borrower to bear all losses caused to the lender.

 

14.
The borrower agrees to irrevocably authorize the lender, without violating the prohibitive provisions of the regulations on the administration
of credit investigation industry and relevant laws and regulations, to collect information about all contracts / agreements / commitments
signed between the borrower and the lender in accordance with the collection requirements of the basic financial credit information database
established by the state, Including the performance information related to all the above contracts / agreements / commitments, as well
as the basic enterprise information and other information provided by the borrower, which shall be provided to the basic database of
financial credit information established by the state for query and use by qualified units; At the same time, the lender also has the
right to query and use the credit information about the borrower in the basic financial credit information database established by the
state. The authorization covers all links of the lender’s necessary business management of the business under the contract before
and after the signing of the contract, and the validity period will expire with the actual termination of the contract.

 

15.
The borrower hereby confirms that it has fully understood and understood the lender’s position against its employees seeking benefits
in any form by taking advantage of their positions, and undertakes to avoid such situations in accordance with the principle of integrity
and fairness, and will not provide any form of rebates, gifts, securities, valuables, various incentives, private expense compensation,
private tourism High consumption Entertainment Music and other improper interests.

 

    21

     

    

 

Article
9 deduction agreement

 

1
..The borrower agrees that when any debt related to the loan hereunder is due and payable, the lender has the right to directly deduct
the funds in the repayment reserve account opened by the borrower in Shanghai Pudong Development Bank Co., Ltd. to pay off the due and
payable debt. If the funds in the repayment reserve account are insufficient to pay off the debts, the lender has the right to deduct
the funds in any other account opened by the borrower in each branch of Shanghai Pudong Development Bank Co., Ltd.

 

2.
The lender has the right to use the proceeds to repay the loan principal, interest or other expenses. If there are multiple claims unpaid
at the same time, the lender shall determine the repayment order of the claims.

 

3.
if the deducted income is inconsistent with the currency to be repaid, it shall be handled in the following ways:

 

(1)
if the currency of the loan is RMB, the loan principal strings T and 0 shall be paid off after the foreign exchange settlement is converted
into RMB according to the purchase price converted between the currency of the deduction and RMB published by the lender at the time
of deduction

 

(2)
If the loan currency is non RMB and the deduction currency is RMB, you shall purchase foreign exchange directly according to the selling
price of RMB exchange between the applicable loan currency published by the lender at that time and convert it into the loan currency,
and then pay off your past principal and interest.

 

(3)
If the loan currency and the deduction currency are not RMB and are inconsistent, the loan principal and interest shall be paid off after
the foreign exchange settlement is converted into RMB according to the applicable deduction currency published by the lender at the time
of deduction and the purchase price converted into RMB, and then converted into the loan currency according to the loan currency published
by the lender and the selling price converted into RMB on the same day.

 

    22

     

    

 

Article
10 proof of creditor’s rights

 

The
lender shall, in accordance with its consistent business practice, maintain accounting accounts related to the business activities involved
in this contract on its accounting books to prove the loan amount of the lender. The effective certificate for the borrower to recognize
the loan creditor’s rights under this contract shall be subject to the accounting certificate or other effective supporting materials
issued and recorded by the lender according to its own business regulations.

 

Article
11 agreed service address

 

1.
The lender confirms that the address listed on the first page of this contract is its effective service address. The notice sent by the
borrower to the lender directly or by mail under this contract shall be sent to the address listed on the first page of this contract
until the lender announces the change of this address. The borrower agrees that all notices it sends to the lender shall be deemed to
have been served when actually received by the lender.

 

2.
The borrower confirms that the address, fax, e-mail and other service information listed on the first page of this contract are its valid
mailing or e-service address. All kinds of non litigation notices and other documents under the contract, as well as letters, subpoenas,
notices and other legal documents issued to them in the process of any litigation (including any litigation procedures and execution
procedures such as first instance, second instance and retrial) arising from the contract, as long as they are mailed or sent by fax
E-mail and other electronic service methods shall be deemed as service when they are sent to the mailing or electronic service address
listed on the first page of this contract, and the specific service date shall be subject to the provisions on service date in the civil
procedure law. The above change of mailing or electronic service address shall not have legal effect unless notified to the lender in
advance, and the service address confirmed in this contract shall still be deemed as a valid service address.

 

Article
12 events of default and handling

 

1.
Event of default

 

Any
of the following circumstances shall constitute a breach of contract by the borrower against the lender:

 

(1)
Any statement and guarantee made by the borrower in this contract or any notice, authorization, approval, consent, certificate and other
documents made in accordance with or related to this contract are incorrect or misleading, or have been proved to be incorrect or misleading,
or have been proved to be invalid or revoked or have no legal effect.

 

(2)
The borrower has violated “other matters agreed by both parties” (if any) in part I of the contract or any agreed matter
in Article 8 of Part II.

 

(3)
The borrower has a major cross default event, including but not limited to the borrower’s breach of any other loan contract and
agreement signed by it; Or the borrower fails to pay the debts under other loan contracts and agreements signed by it.

 

(4)
The borrower’s investors withdraw funds, transfer assets or transfer equity without authorization.

 

(5)
The guarantor has or will no longer have the ability to provide guarantee corresponding to the loan, or violates the guarantee documents
signed by it.

 

(6)
The borrower suspends business, stops production, goes out of business, goes out of business for rectification, reorganization, liquidation,
is taken over or entrusted, is dissolved, the business license is revoked or cancelled or goes bankrupt.

 

    23

     

    

 

(7)
The financial condition of the borrower or the guarantor deteriorates, there are serious difficulties in operation, or events or circumstances
that have an adverse impact on its normal operation, financial condition or solvency.

 

(8)
The borrower or its controlling shareholder, actual controller or its affiliates are involved in major litigation, arbitration, or its
major assets are seized, sealed up, frozen, enforced or other measures with the same effect are taken, or its legal representative /
person in charge, directors, supervisors or senior managers are involved in litigation Arbitration or other coercive measures adversely
affect the borrower’s solvency.

 

(9)
Failure to repay the principal and interest on schedule or use the loan for the agreed purpose.

 

(10)
The loan funds are not paid in the agreed manner.

 

(11)
the documents and information submitted for loan application are false and incorrect.

 

(12)
It does not meet or exceed the constraints of relevant financial indicators agreed in the contract.

 

(13)
On any principal and interest repayment date under the contract and within three (3) days before it, the capital balance in the repayment
reserve account is lower than the principal and interest repayment amount of the borrower in the current period.

 

(14)
The capital flow in the general settlement account / capital return account is abnormal.

 

(15)
The borrower has other acts in violation of this contract that are sufficient to hinder the normal performance of this contract, or other
acts that damage the legitimate interests of the lender.

 

2.
Handling of breach of contract

 

(1)
when one or more of the default circumstances listed in the current paragraph occur, the lender may take one or more of the following
measures at its discretion:

 

j require
the borrower to correct within a time limit.

 

k cancel
the unused loan of the borrower and stop issuing and paying the unused loan of the borrower.

 

l declare
that all or part of the loan principal under this contract will expire immediately in advance, and require the immediate repayment of
part or all of the loan, the settlement of the interest owed, and the immediate recourse to the guarantor or the borrower in various
forms.

 

m Penalty
interest and compound interest shall be charged for overdue loans and misappropriated loans.

 

n Deduct
from any account opened by the borrower in each branch of Shanghai Pudong Development Bank Co., Ltd

 

    24

     

    

 

o Require
the borrower to supplement the loan issuance and payment conditions, or change the loan payment method.

 

p require
the borrower to provide other guarantees approved by the lender.

 

q other
necessary measures stipulated by law.

 

(2)
In addition to the above measures, the lender may also require the borrower to bear the liability for breach of contract and require
the borrower to pay liquidated damages (see part I of the contract for the calculation method of liquidated damages). If the liquidated
damages are insufficient to make up for the losses suffered by the lender, the borrower shall compensate the lender for all losses suffered
thereby.

 

(3)
If the borrower fails to repay the principal and pay interest in full and on time, it shall also bear all expenses paid by the lender
for realizing the creditor’s rights and security rights, including but not limited to collection expenses, litigation expenses,
lawyer’s fees, travel expenses and various other expenses payable.

 

Article
13 effectiveness, alteration and dissolution

 

1.
this contract shall come into force after being signed (or sealed) and affixed with official seal by the legal representative of the
borrower or its authorized agent, and signed (or sealed) and affixed with official seal (or special seal for contract) by the legal representative
(person in charge) of the lender or its authorized agent, and shall be terminated after all creditor’s rights under this contract
are paid off.

 

2.
After the contract takes effect, neither party shall change or terminate the contract in advance without authorization. If the contract
needs to be changed or terminated, both parties shall reach a written agreement through consultation.

 

Article
14 other provisions

 

1
..definition

 

(1)
“all creditor’s rights” under this contract refers to the loan principal, interest, liquidated damages and various
expenses incurred to realize the creditor’s rights.

 

(2)
The term “interest” under this contract includes interest, penalty interest and compound interest.

 

(3)
The “bank business day” under this contract refers to the normal business day of the lender’s corporate business at
the lender’s domicile, excluding Saturdays, Sundays (except those open for business due to holiday adjustment) or other legal holidays.

 

    25

     

    

 

2.
Applicable law

 

This
contract shall be governed by and construed in accordance with the laws of the people’s Republic of China (for the purpose of this
contract, the laws of Hong Kong Special Administrative Region, Macao Special Administrative Region and Taiwan are not included here).

 

3.
Settlement of disputes

 

All
disputes related to this contract shall be settled through friendly negotiation; If the negotiation fails, a lawsuit shall be filed with
the people’s Court of the place where the lender has its domicile. During the dispute period, each party shall continue to perform
the terms not involved in the dispute.

 

4.
Miscellaneous

 

(1)
If matters not covered in this contract need to be supplemented, both parties may agree and record them in part I of this contract, or
reach a separate written agreement as an annex to this contract. The annexes to the contract (see part I of the contract) are an integral
part of the contract and have the same legal effect as the text of the contract.

 

(2)
During the validity of this contract, the lender’s grace or delay in taking action for any breach of contract or other acts of
the borrower shall not damage, affect or restrict all rights or interests enjoyed by the lender as a creditor according to the law or
this contract, nor shall it be regarded as the lender’s recognition of the borrower’s breach of this contract, It shall not
be deemed that the lender waives the right to take action against the borrower’s existing or future default.

 

(3)
The invalidity of one clause of the contract shall not affect the validity of other clauses of the contract. This contract is not valid
for any reason

 

When
effective, the borrower shall still bear the responsibility of repaying all debts owed to the Lender under this contract. In case of
the above circumstances, the lender has the right to immediately terminate the execution of this contract and recover all debts owed
by the borrower under this contract from the borrower immediately.

 

(4)
The lender may transfer all or part of its rights and / or obligations under this contract, and in this case, the transferee shall enjoy
and / or bear the same rights and / or obligations as it should enjoy if it is a party to this contract. After receiving the lender’s
notice on the transfer of creditor’s rights, the borrower shall be liable to the transferee in accordance with the provisions of
this contract.

 

    26

     

    

 

(5)
Unless otherwise specified in the contract, relevant terms and expressions in the annexes to the contract have the same meanings as those
in the contract.

 

(6)
The headings under this contract are for convenience only and shall not be used as the basis for the contents under this heading.

 

(no
text below this page)

 

(this
page is the signature page without text)

 

This
contract is signed by and between the borrower and the lender on  March 25,2021. The borrower confirms that when signing this
contract, both parties have explained and discussed all the terms in detail, both parties have no doubt about all the terms of the
contract, and have an accurate understanding of the legal meaning of the parties’ relevant rights and obligations and
liability limitation or exemption terms. annihilation

 

Borrower(Official
seal)

 

Legal
representative or authorized agent (signature or seal)

 

Lender
(Official seal or contract seal)

 

Legal
representative / person in charge (authorized or sealed)

 

 

27Exhibit 10.18

 

No: Z2106LN15654078

 

contract
for loans of working capital

 

 

 

 

 

 

Bank
of Communications Co., Ltd

 

 

 

NO: Z2106LN15654078

contract
for loans of working capital

 

	
    Important tips

     

    The borrower is requested
to carefully read the full text of this contract, especially the clauses marked with ▲▲. In case of any doubt, please timely
submit it to the lender for explanation.

 

In view of the borrower’s application
for working capital loan line from the lender, in order to clarify the rights and obligations of both parties, the borrower and the lender
hereby enter into this contract through consultation.

 

     

     

    

 

Article 1 Definitions

 

“Line” refers to
the maximum amount of the loan balance (under the revolving line) or total loan (under the one-time line) that the lender may issue to
the borrower according to the contract. According to the contract, the line can be a revolving line or a one-time line (only used once
or multiple times).

 

“Revolving credit line”
means that the borrower can apply for the use of the credit line multiple times in accordance with the contract to obtain the loan, but
the loan balance cannot exceed the agreed credit line.

 

“One time limit”
means that the borrower can apply for the use limit one time or multiple times to obtain the loan according to the contract, but the total
amount of the loan withdrawn shall not exceed the agreed limit.

 

“Loan balance” refers
to the sum of the principal amount of the loan obtained and outstanding by the borrower under this contract.

 

“Line balance” refers
to the amount of the line after deducting the loan balance (under the revolving line) or the total loan (under the one-time line).

 

“Credit period” refers
to the period during which the lender grants loans to the borrower according to the application of the borrower and the contract, which
belongs to the occurrence period of the loan rather than the loan period.

 

“Loan term” refers
to the term of each loan determined by both parties in the corresponding application for use of loan line of Bank of Communications (hereinafter
referred to as “application for use of loan line”).

 

“Loan market quotation
rate (LPR)” refers to the quotation rate of loan market issued by the national interbank lending center on the 20th of each month
(postponed in case of holidays).

 

“Bank working
day” and “working day” refer to the open business day of the bank&apos;s corporate business in the place where
the lender is located, excluding legal holidays and rest days (except for business due to holiday adjustment). If the loan date,
repayment date, interest payment date, maturity date and other obligation performance dates meet non bank working days, they shall
be postponed to the next bank working day accordingly.

 

    2

     

    

 

Related parties, related party
transactions, major investors and individuals have the same meaning as the same words in the accounting standards for Business Enterprises
No. 36 - disclosure of related parties (CK [2006] No. 3) issued by the Ministry of Finance and the subsequent amendments to the standards.

 

Article 2 use of quota

 

2.1 when the borrower needs
to use the line, it shall apply to the lender at least 5 banking days in advance. When applying, the application form for the use of credit
line shall be filled in and can be used only after being reviewed and approved by the lender.

 

▲▲
2.2 Each use of the quota is subject to meeting all the following conditions:

 

(1) The loan balance (under
the revolving credit line) or the total loan amount (under the one-time credit line) does not exceed the credit line;

 

(2) The amount of the loan
applied for shall not exceed the balance of the quota;

 

(3) The use application date
and loan granting date are within the credit period;

 

(4) The loan term and maturity
date of the loan shall comply with the provisions of this contract;

 

(5) The guarantee contract
(if any) under this contract has become effective and continues to be valid. If the guarantee contract is a mortgage contract and / or
pledge contract, the security interest has been established and continues to be valid;

 

(6) The borrower has completed
the government permission, approval, registration and other formalities that must be handled according to law when applying for loan and
required by the lender, and such permission, approval or registration is continuously valid;

 

    3

     

    

 

(7) After the effectiveness
of this contract, there has been no significant adverse change in the borrower&apos;s operating and financial conditions;

 

(8) The borrower&apos;s
application complies with the requirements of the lender&apos;s relevant rules and regulations;

 

(9) The borrower has not violated
the contract;

 

(10) The payment method of
the loan complies with the provisions of this contract. If the entrusted payment is adopted by the lender, the lender agrees to pay;

 

(11) For foreign currency loans,
the borrower has provided documents proving that the loan complies with relevant foreign exchange management policies, including but not
limited to valid certificates or registration documents for foreign exchange purposes;

 

(12) The borrower has designated
a special fund return account and signed an account management agreement as required by the lender.

 

▲▲
2.3 If the lender agrees to grant the loan, the final loan information shall be subject to the contents in the bank print column of
the application for use of line《The application for quota use is used as the loan voucher.

 

▲▲ 2.4
If the currency of the quota application is inconsistent with the currency of the quota, it shall be converted according to the
exchange rate at the beginning of each day published by Bank of Communications Co., Ltd. for the purpose of determining the quota
balance only. If there is no directly applicable exchange rate, it shall be converted by bank of Communications Co., Ltd. according
to the exchange rate determined in a reasonable way.

 

▲▲ 2.5 After
the borrower becomes the shareholder of the guarantor or the “actual controller” as defined in the company law, the
lender has the right to suspend or cancel the unused loan line of the borrower before the guarantor provides the resolution of its
shareholders&apos; meeting (shareholders&apos; meeting) on agreeing to provide guarantee for the borrower accepted by the
lender.

 

    4

     

    

 

Article 3 interest rate and
calculation and payment of interest

 

3.1 Basic rules for
determining interest rates

 

3.1.1 The loan interest
rate under this contract is calculated based on the loan market quotation interest rate (LPR) as the pricing benchmark and according
to the loan market quotation interest rate (LPR) plus (minus) points (1 basis point is 0.01%, 1 percentage point is 100 basis
points). The interest rate shall be agreed in the application for quota use after negotiation between both parties at each use.

 

If both parties agree to apply
fixed interest rate in the quota use application, if the specific value is recorded in the fixed interest rate value field, the specific
interest rate of each loan shall be subject to the value recorded in the fixed interest rate value field in the quota use application,
These specific values are determined on the basis of the specific value of the loan market quotation interest rate (LPR) applicable to
the applicable date of the pricing benchmark agreed in the quota use application (hereinafter referred to as “LPR value”) and
according to the plus (minus) point value agreed in the quota use application. If no specific value is recorded in the fixed interest
rate value field, the specific interest rate of each loan is determined based on the LPR value applicable to the applicable date of the
pricing benchmark agreed in the quota use application and according to the plus (minus) point value agreed in the quota use application.

 

If both parties agree on the
applicable floating interest rate in the application for quota use, the specific interest rate of each loan shall be based on the LPR
value applicable to the applicable date of the pricing benchmark agreed in the application for quota use, according to the plus (minus)
point value, interest rate floating rules, interest rate floating cycle The unit of interest rate floating cycle and the floating start
date of specific date (if necessary) shall be determined.

 

    5

     

    

 

3.1.2 If the currency is
RMB, daily interest rate = monthly interest rate / 30, monthly interest rate = annual interest rate / 12;If the currency is Hong
Kong dollar, British pound and Australian dollar, the daily interest rate = annual interest rate / 365;If the currencies are USD,
euro, Japanese yen and other foreign currencies accepted by the lender, the daily interest rate = annual interest rate / 360.

 

▲▲ 3.2 lending
rate

 

The loan interest rate at the
time of each loan is determined based on the applicable LPR value of the “applicable date of pricing benchmark” agreed in the
corresponding quota use application, and according to the plus (minus) point value agreed in the quota use application. Take “applicable
date of pricing benchmark” as t day, and the applicable LPR value on t day is the latest published loan market quotation interest
rate (LPR) value before t day.

 

3.3 Adjustment of
interest rate

 

3.3.1 If the application
for the use of credit line is recorded as a fixed interest rate, the interest rate recorded in the loan shall be implemented within
the loan term.

 

▲▲ 3.3.2 if the
application for use of quota records a floating interest rate, the loan interest rate adjustment date shall be determined according to
the interest rate floating rules, interest rate floating cycle, interest rate floating cycle unit and specific date floating start date
(if necessary) agreed in the application for use of quota, and the adjusted interest rate shall apply from the loan interest rate adjustment
date.

 

    6

     

    

 

3.3.2.1 If the quoted
interest rate (LPR) of the loan market is adjusted during the loan period, the period of loan interest rate adjustment shall be
calculated from the “loan entry date” or “specific start date” selected in the “interest rate floating
rules”. The empty column of interest rate floating cycle is filled in the number of interest rate floating cycles. The
interest rate floating cycle unit can be selected by day or by month. If “1” is filled in the number of interest rate
floating cycles and “by day” is selected as the floating cycle unit, the loan interest rate adjustment date is the loan
market quoted interest rate (LPR) adjustment date; If “3” is filled in the number of interest rate floating cycles and
“by day” is selected as the floating cycle unit, the loan interest rate adjustment date is the day every 3 days from the
“loan entry date” or “specific date floating start date”;If “1” is filled in the number of
interest rate floating cycles and “by month” is selected as the floating cycle unit, the loan interest rate adjustment
date is every month from the “loan entry date” or “specific date floating start date”; If “3” is
filled in the number of interest rate floating cycles and “by month” is selected as the floating cycle unit, the loan
interest rate adjustment date is every 3 months from the “loan entry date” or “floating start date of specific
date”, and so on.

 

3.3.2.2 The loan
interest rate on the loan interest rate adjustment date shall be determined on the basis of the LPR value applicable on the loan
interest rate adjustment date, and the increase (decrease) point value of the interest rate shall remain unchanged (except for the
increase (decrease) point value adjusted by both parties through consultation). Take “loan interest rate adjustment
date” as t date, and the applicable LPR value on t date is the latest published loan market quotation interest rate (LPR)
value before t date.

 

▲▲3.3.3
If the market quoted interest rate (LPR) of the loan is cancelled according to the regulatory requirements or the corresponding
issuing institution stops issuing according to the regulatory requirements, the two parties shall negotiate and adjust the loan
interest rate separately, but the adjusted interest rate shall not be lower than the then applicable interest rate; If both parties
fail to reach an agreement on the adjusted interest rate more than 1 month since the date when the loan market quoted interest rate
(LPR) is cancelled or stopped issuing, the lender has the right to announce the early maturity of the loan.

 

    7

     

    

 

(3.3.4) the two parties
can adjust the value of plus or minus of the corresponding loan interest rate after each loan interest rate is adjusted by the Nikkei
consensus.

 

3.4 If the loan currency
is RMB, the penalty interest rate of overdue loan shall rise by 50% according to the interest rate agreed in the contract, and the
penalty interest rate of misappropriated loan shall rise by 100% according to the interest rate agreed in the contract. If the
quoted interest rate (LPR) of the floating rate loan is adjusted, the lender has the right to adjust the penalty interest rate
applicable to each loan accordingly, and the new penalty interest rate shall apply from the date of adjustment of the loan interest
rate agreed in the corresponding quota use application.

 

3.5 Calculation of interest

 

3.5.1 Normal interest =
interest rate agreed in the contract×Loan amount×Occupied days.

 

The number of occupied days
is calculated from the lending date (inclusive) to the maturity date (exclusive). When the maturity date is a non working day, it shall
be postponed. The extended period shall be included in the number of occupied days, and the interest shall still be calculated according
to the contract.

 

3.5.2 The penalty
interest of overdue loans and misappropriated loans shall be calculated according to the amount overdue or misappropriated and the
actual number of days (from the date of overdue or misappropriation (inclusive) to the date of principal and interest repayment
(exclusive)).

 

3.5.3 If the calculated
interest / penalty interest has a large number of decimal places, the lender will retain two decimal places according to the
rounding method.

 

▲▲ 3.6 if the borrower
repays in advance or the lender recovers the loan in advance according to the contract, the corresponding interest rate grade will not
be adjusted, but the interest rate agreed in the contract will still be implemented.

 

    8

     

    

 

3.7 If the loan currency
is foreign currency, the determination of interest rate, adjustment of interest rate, penalty interest rate for overdue and
misappropriation of loans shall be subject to the provisions of Article 17 of the contract.

 

Article 4 payment of loans

 

4.1 If the loan granting
account designated by the borrower is a special loan granting account opened at the lender, the loan granting and payment shall be
handled through this account. This account is only used for the issuance and external payment of loan funds. It only sells
“settlement business application” vouchers. It cannot handle checks, bills of exchange, bank acceptance bills and other
businesses, and cannot be used for other settlement. When the borrower pays and handles the loan fund allocation independently, it
must be handled at the counter of the account opening outlet. The deposit interest of the account shall be included in the
borrower&apos;s repayment account.

 

4.2 When the borrower
withdraws the loan according to the contract, it shall specify the payment method (entrusted payment by the lender or independent
payment by the borrower), and only one payment method can be used for each withdrawal.

 

4.3 The lender&apos;s
entrusted payment refers to the lender&apos;s direct payment of the loan funds to the borrower&apos;s counterparty for the
purpose agreed in this contract through the borrower&apos;s account after issuing the loan according to the borrower&apos;s
entrusted payment power of attorney.

 

If the amount of a single payment
exceeds the autonomous payment limit or meets one of the conditions agreed in article 19.3, the entrusted payment method of loan shall
be adopted.

 

    9

     

    

 

If the entrusted payment is
adopted by the lender, the borrower shall submit the application for the use of the line, the corresponding entrusted payment power of
attorney and other materials required by the lender (including but not limited to business contracts, invoices, receipt documents and
other transaction materials), specify the amount of the loan and the object and amount of payment, and the amount of the loan shall be
equal to the total amount of payment.

 

▲▲ if the payment
proposed by the borrower does not comply with the provisions of this contract or the corresponding business contract or has other defects,
the lender has the right to refuse the payment and return the entrusted payment power of attorney submitted by the borrower.

 

▲▲ if the lender
agrees to pay, if the external payment cannot be made or the payment refund occurs due to the error of the information provided by the
borrower, the borrower shall resubmit the relevant documents and materials containing the correct information within the time limit specified
by the lender. Therefore, the lender shall not be liable for the delay or failure of payment.

 

4.4 The borrower&apos;s
independent payment means that after the lender issues the loan funds to the borrower&apos;s account according to the contract, the
borrower shall independently pay them to the borrower&apos;s counterparty for the purpose agreed in the contract.

 

If the borrower pays independently,
the borrower shall submit the application for the use of the line, the instructions for the use of funds and other materials required
by the lender to the lender. The borrower shall summarize and report the payment of loan funds to the lender on time. The lender has the
right to verify whether the loan payment meets the agreed purpose through account analysis, voucher inspection, on-site investigation,
etc., and the borrower must cooperate with the lender in the verification.

 

    10

     

    

 

Article 5 repayment of loans

 

5.1 The borrower shall repay
according to the repayment date and amount recorded in the corresponding application for use of credit line.

 

▲▲
5.2 the borrower cannot repay the loan in advance without the written consent of the lender.

 

▲▲
5.3 the repayment arrangement of principal and interest agreed by the borrower and the lender in the application for the use of line is
the true expression of intention reached by both parties on a voluntary basis after negotiation. Under the repayment arrangement selected
by both parties, whether the principal is repaid before the interest does not affect the borrower&apos;s repayment responsibility
for the interest payable, and the borrower shall not raise a defense against the repayment of the interest payable. Under any repayment
arrangement, the borrower shall be liable for repayment of all principal and interest payable.

 

▲▲
5.4 when the borrower&apos;s repayment (including the borrower&apos;s active repayment and the lender&apos;s deduction in
accordance with the contract) fails to pay off all the borrower&apos;s debts in full:

 

(1) It shall first be used
to pay off the overdue expenses. If the principal and interest are overdue for less than 90 days, the balance after offsetting the expenses
shall be used to offset the due and unpaid interest, penalty interest and compound interest, and then used to offset the due and unpaid
principal;If the principal or interest is overdue for more than 90 days, the balance after offsetting the expenses shall be used to offset
the due and unpaid principal first, and then to offset the due and unpaid interest, penalty interest and compound interest;

 

(2) The borrower has
several debts (including the borrower&apos;s debts to the Lender under other contracts), and the lender has the right to
determine the repayment and offset order of each debt of the borrower at its own discretion, as long as the offset order does not
violate the mandatory provisions of applicable laws, regulations, rules and relevant regulatory requirements of the lender. The
lender shall notify the borrower of the result of debt repayment. Unless otherwise agreed by both parties.

 

    11

     

    

 

Article 6 representations and
warranties of the borrower

 

6.1 The borrower is legally
established and exists, has all necessary rights and capabilities, and can perform its obligations under this contract and bear civil
liabilities in its own name.

 

6.2 The signing and performance
of this contract is the true expression of intention of the borrower, and has been subject to all necessary consent, approval and authorization,
without any legal defects.

 

6.3 The
borrower&apos;s production and operation are legal and compliant, has the ability of sustainable operation, has legal repayment
sources, does not involve major environmental and social risks, and has no major bad credit record. The senior management of the
borrower has no bad record.

 

6.4 All documents, statements,
materials and information provided by the borrower to the lender in the process of signing and performing this contract are true, accurate,
complete and effective, do not conceal any information that may affect its financial status and repayment ability from the lender, and
the financial status of the borrower has not changed significantly since the date of the latest financial statement report.

 

▲▲ 6.5 neither
the borrower nor its affiliates are enterprises or individuals in the sanctions list of the United Nations, the European Union or the
United States and the list of risks related to terrorism and anti money laundering issued by Chinese government departments or competent
authorities; It is not located in countries and regions sanctioned by the United Nations, the European Union or the United States.

 

    12

     

    

 

▲▲ 6.6 the
borrower guarantees to comply with the national anti money laundering laws, regulations and relevant policies, not to engage in
assisting others in money laundering, terrorist financing, tax evasion, evasion of bank debt, cash withdrawal, telecommunications
fraud, illegal fund-raising and other illegal activities, and actively cooperate with the lender in customer identification,
transaction record preservation, customer identity and transaction background due diligence Large sum and suspicious transaction
reports and other anti money laundering work, and provide relevant supporting materials as required by the lender.

 

Article 7 rights and obligations
of the Lender

 

7.1 The lender has the
right to recover the loan principal and interest (including compound interest, penalty interest for overdue and misappropriated
loans, etc.) in accordance with the contract, collect the fees payable by the borrower, decide to recover the loan in advance
according to the return of the borrower&apos;s funds, and exercise other rights stipulated by law or the contract.

 

▲▲ 7.2 during the
performance of this contract, the lender will only conduct formal review on the materials provided by the borrower. If the lender fails
to complete the entrusted payment in time due to the untrue, inaccurate or incomplete materials provided by the borrower or the borrower&apos;s
payment in violation of the contract, the lender shall not be liable.

 

▲▲
7.3 the lender shall issue loans and handle payment in accordance with the contract. If the lender fails to issue the loan or handle the
payment on time due to any of the following reasons, the lender shall not be liable, but will timely notify the borrower: the loan account
designated by the borrower is frozen, the account of the payment object is frozen, force majeure, communication or network failure, Lender
system failure, etc. Unless otherwise agreed in the contract.

 

    13

     

    

 

Article 8 obligations of the
borrower

 

8.1 The borrower shall repay
the loan principal under this contract and pay interest according to the time, amount, currency and interest rate recorded in this contract
and the corresponding quota use application.

 

The fund return account designated
by the borrower is used to collect the corresponding sales revenue or planned repayment funds. If the corresponding sales revenue is settled
in non cash, the borrower shall ensure that the funds are transferred to the fund return account in time after receiving the funds. The
borrower shall provide the capital in and out of the capital return account as required by the lender.

 

8.2 The borrower shall use
the loan according to the purpose agreed in the contract and the purpose determined in the corresponding application for the use of the
loan, shall not misappropriate the loan for other purposes, and shall not use the loan for fixed asset investment, equity investment and
fields and purposes prohibited by the state.

 

The borrower shall use the
loan funds in the agreed manner, and shall not evade the entrusted payment of the lender by breaking up the whole into parts; If the borrower
pays independently, the borrower shall use the loan within a reasonable time according to the requirements of the lender&apos;s regulatory
authority, and the payment of loan funds shall comply with the provisions of this contract.

 

▲▲
8.3 the borrower shall bear the settlement expenses (if any) for the payment of loan funds (including entrusted payment by the lender
and independent payment by the borrower). The specific charges shall be implemented in accordance with laws, regulations, rules, regulatory
provisions and the then effective service charge list of Bank of Communications published by the lender.

 

The lending account is a special
loan issuing account. When the loan funds are paid (including the entrusted payment of the lender and the independent payment of the borrower),
if the collection account does not belong to the account opened in the Bank of communications, the fund payment may be handled through
the payment system of the people&apos;s Bank of China or the local exchange system.

 

    14

     

    

 

If the lending account is not
a special loan issuing account, when the loan funds are paid (including the entrusted payment of the lender and the independent payment
of the borrower), if the collection account is an account of another bank in another place, the fund payment shall be handled through
the payment system of the people&apos;s Bank of China.

 

▲▲
8.4 the borrower shall cooperate with the lender in the management of loan payment and the supervision and inspection of loan use and
the borrower&apos;s operation, and timely provide the financial statements, loan fund use records and materials, transaction information
of related parties and related parties, environmental and social risk reports, other materials and information required by the lender
for post loan risk management,And ensure that the documents, materials and information provided are true, complete and accurate.

 

▲▲
8.5 the borrower shall notify the lender in writing at least 30 days in advance of any of the following matters, and shall not take action
before paying off all loan principal and interest under the contract or providing repayment scheme and guarantee approved by the lender:

 

(1) Sell, gift, lease, lend,
transfer, mortgage, pledge or otherwise dispose of all or most of the assets or important assets;

 

(2) Major changes have taken
place in the business system or property right organization form, including but not limited to the implementation of contracting, leasing,
joint venture, corporate transformation, joint-stock cooperative transformation, enterprise sale, merger (merger), joint venture (cooperation),
division, establishment of subsidiaries, equity transfer, property right transfer, capital reduction, etc.

 

(3) Foreign investment or increased
debt financing exceeds the agreed limit.

 

    15

     

    

 

▲▲ 8.6 the borrower
shall notify the lender in writing within 7 days from the date of occurrence or possible occurrence of the following events:

 

(1) The borrower or its affiliates
modify the articles of association, change the business registration items such as enterprise name, legal representative (person in charge),
domicile, mailing address or business scope, or make decisions that have a significant impact on finance and personnel;

 

(2) The borrower, its affiliates
or guarantors intend to apply for bankruptcy or may or has been applied for bankruptcy by creditors;

 

(3) The borrower or its affiliates
are involved in major litigation, arbitration and administrative measures, or property preservation or other coercive measures are taken
for the main assets or the collateral under the contract, or the safety and integrity of the main assets or the collateral under the contract
are or may be affected, or the value is reduced or may be reduced;

 

(4) The borrower or its affiliates
provide guarantee for the third party, which has a significant adverse impact on its economic status, financial status or ability to perform
its obligations under the contract;

 

(5) The borrower or its affiliates
sign contracts that have a significant impact on its operation and financial status;

 

(6) The borrower pays off the
undue debts in advance or gives priority to other due debts, adds mortgage and pledge for other existing debts, or makes any arrangement
with similar effect or signs relevant documents;

 

(7) The borrower, its affiliates
or guarantors stop production, close down, dissolve, close down for rectification, are revoked or their business licenses are revoked;

 

(8) The disappearance of the
borrower or its affiliates, the main individual investors of the borrower or its affiliates, the legal representative (person in charge),
directors or key management personnel of the borrower or its affiliates, involving violations of laws and regulations or violation of
applicable exchange rules or abnormal changes;

 

(9) Serious difficulties in
the operation of the borrower or its affiliates, or deterioration of its financial condition, or other events that have a negative impact
on the operation, financial condition, solvency or economic condition of the borrower or its affiliates;

 

    16

     

    

 

(10) Related party transactions
occur, and the transaction amount reaches or exceeds 10% of the latest audited net assets;

 

(11) Before paying off all
debts under this contract, the borrower becomes or may become the shareholder of the guarantor or the “actual controller” as
defined in the company law;

 

(12) The borrower or its affiliates
cause liability accidents or are exposed by the media due to violation of laws and regulations, regulatory provisions, national policies
or industrial standards;

 

(13) Safety or environmental
protection accidents of the borrower or its affiliates;

 

(14) Changes in the control
or controlled relationship between the borrower&apos;s related parties and the borrower;

 

(15) Significant equity changes
of the borrower or related parties;

 

(16) The audit opinion of the
borrower&apos;s external auditor on its financial statements is not a standard unqualified opinion;

 

(17) The borrower is or may
be investigated, punished or taken other similar measures by the competent authorities for violating laws, regulations and / or regulatory
requirements;

 

(18) The borrower or its affiliates
are included in the sanctions list of the United Nations, the European Union or the United States, as well as the list of risks related
to terrorism and anti money laundering issued by Chinese government departments or competent authorities; Or its country and region are
included in the list of sanctions countries and regions such as the United Nations, the European Union or the United States;

 

(19) Other major adverse events
affecting the solvency of the borrower or its affiliates occur.

 

▲▲
8.7 when the guarantee under this contract changes against the creditor&apos;s rights of the lender, the borrower shall timely provide
other guarantees approved by the lender as required by the lender.

 

The “change” mentioned
in this paragraph includes but is not limited to: the guarantor merges, splits, stops production, goes out of business, dissolves, goes
out of business for rectification, is revoked, the business license is revoked, applies for or is applied for bankruptcy; The operation
or financial status of the guarantor has changed significantly; The guarantor is involved in major litigation, arbitration, administrative
measures, or property preservation or other coercive measures have been taken for its main assets; The security and integrity of the collateral
is or may be affected; The value of the collateral decreases or may decrease, or compulsory measures such as seizure and property preservation
are taken; The guarantor or its legal representative (principal) or key management personnel are involved in violation of laws and regulations
or the applicable exchange rules; If the guarantor is an individual, the guarantor is missing or dead (declared dead);The guarantor is
in breach of contract under the guarantee contract; Disputes between the guarantor and the borrower; The guarantor requests to terminate
the guarantee contract; The guarantee contract is not effective, invalid or revoked; The security interest is not established or invalid;
Or other events affecting the safety of the creditor&apos;s rights of the lender.

 

▲▲ 8.8 the borrower
promises that from the date of signing this contract to the completion of all loan principal, interest and related expenses under this
contract, the borrower&apos;s financial indicators, external agency rating and production and operation qualification / license always
comply with the contract. If the production and operation qualification / license needs annual review, it shall pass the annual review
on time.

 

    17

     

    

 

8.9 The borrower
guarantees that the borrower, the borrower&apos;s staff and agents will not provide, give, demand or receive any form of
material benefits (including but not limited to cash, physical cards, tourism, etc.) or other non-material benefits to the lender or
the lender&apos;s staff in any form;Not use the funds or services provided by the lender directly or indirectly in any form for
activities related to corruption or bribery; If the borrower is aware of any violation of this article, it shall timely, truthfully,
completely and accurately provide clues and relevant information to the lender, and cooperate with relevant matters as required by
the lender.

 

▲▲ Article
9 adjustment of credit limit, early maturity of loan and risk repricing

 

9.1 Any of the following
events shall be deemed as the “early expiration event” of the contract:

 

(1) The borrower fails to repay
the loan principal or pay interest as agreed in any application for quota use under this contract;

 

(2) The representations and
warranties made by the borrower under this contract are untrue;

 

(3) Any event listed in article
8.6 to be notified actually occurs, affecting or possibly affecting the safety of the creditor&apos;s rights of the lender;

 

(4) Due to changes in laws,
regulations and regulatory policies, the lender&apos;s granting of loans in accordance with the contract constitutes or may constitute
violation of laws or regulations;

 

(5) When performing other contracts
with the lender or contracts with a third party, the borrower may have breached the contract or the debt may have been declared to be
due ahead of schedule;

 

(6) The borrower violates other
provisions of this contract.

 

9.2 In case of any
“early maturity event”, the lender has the right to take one, more or all of the following measures:

 

(1) Reduce, suspend or cancel
the quota under the contract;

 

(2) Stop issuing loans that
have not been withdrawn by the borrower;

 

(3) Stop the payment of the
loan withdrawn but not used by the borrower;

 

(4) Require the borrower to
negotiate with the lender on supplementary loan issuance and payment conditions within a limited time limit;

 

(5) Require the borrower to
change the payment method as required by the lender;

 

(6) Implement the risk repricing
of the loan in accordance with Article 9.3;

 

(7) Unilaterally announce that
all the loan principal issued under the contract will expire in advance, and require the borrower to immediately repay all the loan principal
due and settle the interest.

 

    18

     

    

 

9.3 According to the
production and operation of the borrower at the time of signing this contract, both parties have determined the interest rate agreed
in this contract and its adjustment after consensus. The borrower agrees that in case of any “early maturity event”, the
lender has the right to reprice the risk of the loan in accordance with this article.

 

9.3.1 Risk repricing includes
negotiated repricing and direct increase of loan interest rate. The risk repricing method adopted in this contract shall be agreed by
both parties in Article 21.

 

9.3.2 “Negotiated repricing”
means that the lender has the right to require the borrower to negotiate with the lender to increase the loan interest rate within a limited
time limit, and both parties determine the “repricing date” and relevant interest rate in the form of supplementary agreement.

 

9.3.3 “Direct
increase of loan interest rate” means that the lender has the right to directly increase the loan interest rate in accordance
with this article and Article 21.

 

9.3.3.1 From the
“repricing date” notified by the lender to the borrower in writing, the increased loan interest rate shall be
implemented for each loan outstanding by the borrower as of the “repricing date”.

 

9.3.3.2 If the loan
currency is RMB, the increased loan interest rate of each loan shall be determined according to the plus (minus) point value agreed
in Article 21 based on the applicable LPR value on the “repricing date”.

 

The “repricing date”
is taken as t date, and the applicable LPR value on t date is the latest published loan market quotation interest rate (LPR) value before
t date.

 

9.3.3.3 If the loan currency
is foreign currency, the increased loan interest rate shall be determined in accordance with Article 21.

 

9.3.4 After the lender performs
risk repricing as agreed above, the new interest rate shall be implemented from the “repricing date”. On the basis of this interest
rate, it is still subject to floating adjustment as agreed in Article 3 of the contract. If both parties agree to change relevant agreements
through consultation, the changed agreements shall prevail. If the loan is overdue (including the borrower&apos;s failure to repay
on time or the lender&apos;s declaration of early maturity) or misappropriated, the penalty interest rate for overdue and misappropriation
shall be determined on the basis of the new interest rate (including the interest rate after floating adjustment as agreed in this contract),
and the interest rate for calculating compound interest shall be adjusted accordingly.

 

9.3.5 The implementation of
“risk repricing” shall not be deemed or interpreted as the lender waiving other rights stipulated by laws and regulations and
agreed in this contract. The lender has the right to take other creditor&apos;s rights protection measures in accordance with laws,
regulations and the contract, including but not limited to the measures agreed in article 9.2.

 

▲▲ Article 10 breach
of contract

 

10.1 If the borrower fails
to repay the loan principal in full and on time, pay interest or use the loan according to the purpose agreed in this contract, the lender
shall calculate and charge interest according to the penalty interest rate of overdue loan or the penalty interest rate of misappropriated
loan, and charge compound interest on the unpaid interest payable. If the penalty interest rate is adjusted according to the contract,
the interest rate for calculating compound interest shall be adjusted accordingly.

 

10.2 If the borrower fails
to repay the loan principal and interest in full and on time, it shall bear the urging fees, legal fees (or arbitration fees), preservation
fees, announcement fees, execution fees, lawyer fees, travel expenses and other expenses paid by the lender to realize the creditor&apos;s
rights.

 

    19

     

    

 

▲▲ Article 11 deduction
agreement

 

11.1 When the borrower authorizes
the due loan principal, interest, default interest, compound interest or other expenses, the lender has the right to deduct the funds
in any account opened by the borrower in all branches of Bank of communications for repayment.

 

11.2 After deduction, the lender
shall notify the borrower of the account number, contract number, application for use of line number, deduction amount and remaining debt
amount involved in the deduction.

 

11.3 If the deducted income
is insufficient to pay off all the debts of the borrower, the debt paid off shall be determined according to the contract.

 

11.4 If the currency of the
deducted income is inconsistent with that of the debt to be offset, it shall be converted into the amount of the debt to be offset at
the exchange rate published by Bank of Communications Co., Ltd. at the time of deduction. If it is necessary to go through the procedures
of settlement and sale of foreign exchange or foreign exchange conversion, the borrower is obliged to assist the lender in handling the
procedures as required by the lender, and the exchange rate risk shall be borne by the borrower.

 

▲▲ Article 12 notice

 

12.1 The contact
information (including mailing address, telephone number, fax number, etc.) filled in by the borrower in this contract is true and
valid. In case of any change in contact information, the borrower shall immediately send / send the change information in writing to
the mailing address filled in by the lender in this contract. Such information change shall take effect after the lender receives
the change notice.

 

12.2 Unless otherwise
expressly agreed in this contract, the lender has the right to notify the borrower in any of the following ways. The lender shall
have the right to choose the appropriate method of notice, and shall not be liable for transmission errors, omissions or delays in
postal, fax, telephone or any other communication system. If the lender chooses multiple notification methods at the same time, the
one that reaches the borrower faster shall prevail. If the lender sends more than one notice to the borrower on the same matter and
the contents of the notice are different, unless otherwise specified in the notice, the notice sent later shall prevail.

 

(1) For announcement, the date
on which the lender issues an announcement on its website, online banking, telephone banking or business outlets shall be deemed as the
date of service;

 

(2) In case of personal service,
the date of receipt by the borrower shall be deemed as the date of service;

 

(3) Mail (including express
mail, ordinary mail and registered mail) shall be delivered to the borrower&apos;s latest known mailing address, and the 3rd (same
city) / 5th (different place) after the date of mailing shall be deemed as the date of delivery;

 

(4) When fax, mobile phone
short message or other electronic communication means are sent to the borrower&apos;s fax number, mobile phone number or e-mail address
designated by the borrower, the date of sending shall be deemed as the date of service. The aforementioned delivery means that relevant
information enters the server terminal of the service provider without taking the actual display of relevant information in the client
terminal as the standard.

 

    20

     

    

 

12.3 The borrower agrees that
unless the lender receives the borrower&apos;s written notice on the change of mailing address, the mailing address filled in by the
borrower in this contract is the address for the court to serve judicial documents and other written documents on the borrower. The scope
of application of the above service address includes but is not limited to the first instance, second instance, retrial and execution
procedures of civil proceedings. If the borrower responds to the lawsuit and directly submits the confirmation of service address to the
court, and the confirmation address is inconsistent with the latest known mailing address of the lender, the court has the right to serve
according to the address on the confirmation of service address.

 

In the process of dispute resolution
of this contract, the court may serve the judgment, ruling and mediation on the borrower in any of the following ways:

 

(1) For postal service (including
express mail, ordinary mail and registered mail), the date of receipt signed by the borrower on the service return certificate shall be
the date of service;

 

(2) In case of personal service,
the date on which the borrower signs the service receipt shall be deemed as the date of service.

 

If the court uses the method
of postal service (including express mail, ordinary mail and registered mail), if the borrower fails to sign on the service return certificate,
or the communication address filled in by the borrower is inaccurate or the communication address is actually changed, but the lender
does not receive the borrower&apos;s written notice on changing the communication address, resulting in the return of the judgment,
ruling and mediation, The date on which the document is returned shall be deemed as the date of service.

 

If the court adopts the method
of personal service, if the borrower fails to sign on the service receipt, the date when the sender records the situation on the service
receipt on the spot shall be the date of service.

 

In addition to the judgment,
ruling and mediation, the court has the right to give any notice to the borrower by any means of communication agreed in article 12.2.
The court shall have the right to choose the appropriate means of communication and shall not be liable for transmission errors, omissions
or delays in postal, fax, telephone, telex or any other communication system. If the court chooses multiple means of communication at
the same time, the one that reaches the borrower faster shall prevail.

 

12.4 This clause is an
independent dispute resolution clause in the contract. If the contract is invalid, revoked or terminated, the validity of this
clause shall not be affected.

 

▲▲ Article 13 information
disclosure and confidentiality

 

13.1 For the unpublished
information and materials of the borrower obtained and known during the signing and performance of this contract, the lender shall
not use the relevant information and materials in violation of laws, regulations and regulatory requirements, and shall bear the
responsibility of confidentiality according to law, and shall not disclose such information and materials to a third party, except
under the following circumstances:

 

(1) Disclosure required by
applicable laws and regulations;

 

(2) The judicial department
or regulatory authority requires disclosure according to law;

 

(3) When the borrower fails
to repay the loan principal and / or pay interest in full and on time, the lender needs to disclose to the lender&apos;s external
professional consultant and allow the lender&apos;s external professional consultant to use it on a confidential basis in order to
realize the creditor&apos;s rights under this contract;

 

(4) The borrower agrees or
authorizes the lender to make disclosure.

 

    21

     

    

 

13.2 The borrower
confirms that it has signed the letter of authorization for credit information inquiry and provision. The lender shall inquire, use
and save the borrower&apos;s credit information within the scope specified in the power of attorney.

 

13.3 In addition to the
circumstances specified in articles 13.1 and 13.2 of the contract, the Borrower further agrees that bank of Communications Co., Ltd. can
use or disclose the borrower&apos;s information and materials, including but not limited to the borrower&apos;s basic information,
credit transaction information, bad information and other relevant information and materials, and is willing to bear all consequences
arising therefrom:

 

Provide services to
outsourcing institutions, third-party service providers, other financial institutions and other institutions or individuals deemed
necessary by the lender for the following purposes, including but not limited to other branches of Bank of communications, or
subsidiaries wholly or partially owned by Bank of communications, Disclose and allow them to use such information and materials on a
confidential basis: j to carry out bank credit business or related to bank credit
business, such as promoting the credit business of Bank of Communications Co., Ltd., collecting the borrower&apos;s arrears,
transferring the creditor&apos;s rights of bank credit business, etc; k  Provide or may provide new products or services or
further services for the lender to the borrower.

 

The applicability of this article
13.3 shall be subject to the agreement of both parties in Article 24 of the contract.

 

Article 14 application of law
and dispute resolution

 

This contract shall be
governed by the laws of the people&apos;s Republic of China (excluding the laws of Hong Kong, Macao and Taiwan for the purpose
of this contract). Unless otherwise agreed in this contract, the disputes under this contract shall be brought to the court with
jurisdiction in the place where the lender is located. During the dispute period, each party shall continue to perform the terms not
involved in the dispute.

 

Article 15 effectiveness
and composition of the contract

 

15.1 This contract shall come
into force after being signed (or sealed) by the legal representative (principal) or authorized representative of the borrower and affixed
with the official seal, and signed (or sealed) by the principal or authorized representative of the lender and affixed with the special
seal for contract.

 

15.2 The application for
quota use signed when using the quota under the contract and other relevant documents and materials are an integral part of the
contract.

 

15.3 The application for
quota use is a supplement to this contract. Unless otherwise agreed in the application for use of credit line, the rights,
obligations and related matters between the borrower and the lender shall still be implemented in accordance with the contract.

 

Article 16 specific contents
of quota

 

16.1 Currency of quota:
RMB; Amount in words: eight million yuan; It can be used for R RMB ☐ /
(foreign currency);The quota belongs to☐ revolving quota ☐ one-time quota (can be used multiple times) R
one-time quota (only used once).

 

16.2 Purpose of quota:
operating turnover.

 

16.3 The credit term is from January 29, 2021
to January 29, 2022.

 

Article 17 interest rate agreement

 

If the loan currency is foreign
currency, the relevant agreements on the determination of interest rate, the adjustment of interest rate and the penalty interest rate
of overdue and misappropriated loans are as follows:

 

                        
/                      

 

    22

     

    

 

Article 18 Account Agreement

 

18.1
The borrower designates the following account as the lending account, which ☐ is R not
the special loan issuing account opened by the borrower at the lender. If both parties agree otherwise in the corresponding quota use
application, the agreement in the quota use application shall prevail.

 

Account Name: ChinaLink Professional
Services Co., Ltd.

 

Account No.: 310066865018010213932

 

Bank of deposit: Bank of Communications
Shanghai Zhangjiang sub branch

 

18.2 Designated by the
borrower:/

 

(1) The repayment account is

 

Account Name: ChinaLink Professional
Services Co., Ltd.

 

Account No.: 310066865018010213932

 

Bank of deposit: Bank of Communications
Shanghai Zhangjiang sub branch

 

(2) The fund withdrawal account
is:/

 

Account Name: ChinaLink Professional
Services Co., Ltd.

 

Account No.: 310066865018010213932

 

Bank of deposit: Bank of Communications
Shanghai Zhangjiang sub branch

 

Article 19 specific agreements
on loan issuance, payment and repayment

 

19.1 The term of each
loan drawn under this contract shall not be longer than 12 R months ☐ days,
and the maturity date of all loans shall not be later than June 7, 2022.

 

19.2 The limit of
independent payment under this contract is RMB ten thousand yuan.

 

19.3 If one of the following
conditions is met, the entrusted payment method of the lender shall be adopted:

 

                     
/                         

 

                     
/                          

 

19.4 If the borrower
pays independently, the borrower shall summarize and report the payment of loan funds to the lender within 15 days after the loan is
issued.

 

Article 20 financial restrictions,
external agency rating and production and operation qualification / license

 

20.1 The external investment
limit of the borrower is RMB 90 million;Increase the debt financing limit to RMB 90 million.

 

    23

     

    

 

20.2 Contractual agreement
on the borrower&apos;s financial indicators:

 

(1) /

 

(2) /

 

(3) /

 

20.3 Specific agreement
on rating of external agencies:

 

(1) /

 

(2) /

 

20.4 Specific agreement
on the borrower&apos;s production and operation qualification / license:

 

(1) /

 

(2) /

 

▲▲ Article 21 specific
agreement on risk repricing

 

21.1 The contract adopts the
following (1) risk repricing method: (1) negotiated repricing (2) Directly raise the loan interest rate.

 

21.2 Adopting the method of
“directly increasing loan interest rate”:

 

21.2.1 If the loan
currency is RMB, the increased interest rate plus (minus) points are:☐ no plus or minus points☐ plus / percentage
points☐ minus / percentage points. If there is another agreement on a loan, the increase (decrease) point of the interest rate
after the increase of the loan shall be subject to the records in the application for the use of the applicable quota.

 

21.2.2 If the loan currency
is foreign currency, the increased loan interest rate is:

 

      /       
 

 

Article 22 contact information

 

The contact information of
the borrower for receiving the notice agreed in Article 12 includes:

 

postal address: 1st
floor, building 18, No. 498, GuoShouJing Road, Pudong New Area, Shanghai

 

Attention: Yang Xiaofeng

 

Postal Code: 201203

 

Tel: /

 

Mobile number: 13701602419

 

Fax: /

 

Email address: /

 

    24

     

    

 

Article 23 number of copies
of the contract

 

This contract is made in triplicate,
with each party and the guarantor (if any) holding one copy.

 

Article 24 other agreed matters

 

24.1 Both parties agree
that this contract R applicable ☐ not applicable to Article 13.3.

 

24.2 the payment method
of the loan under this contract shall be subject to the application for use of credit line signed by the lender.

 

                      
/                       

 

                      
/                        

 

                      
/                       

 

Borrower: ChinaLink Professional Services Co.,
Ltd.

 

Legal representative (person in charge): Yang
Xiaofeng

 

Legal address: Room
26C01, No. 828-838, Zhangyang Road, China (Shanghai) pilot Free Trade Zone

 

Lender: Bank of Communications Co., Ltd. Shanghai
new branch (Branch)

 

Person in charge: Chen de

 

Mailing address: No. 230, Xinjinqiao Road, Shanghai

 

	The borrower has read all the terms of the contract, and the lender has made a detailed description at the request of the borrower. When signing the contract, the borrower has no doubt and objection to all the contents, and understands the terms of the contract, especially with▲▲ meaning of marked terms and its legal consequences.

 

(this page is the signature
page of working capital loan contract, and there is no text below)

 

	Borrower	 	lender
	 	 	 
	(official seal)	 	(special seal for contract)
	 	 	 
	Legal representative
    (principal) Or authorized representative	 	principal or authorized representative
	 	 	 
	(signature or seal)	 	(signature or seal)

 

	Signature Date:	 	Signature Date:
	 	 	 
	        /        /         	 	         /        /         

 

 

25

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00334-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00334-of-00352.parquet"}]]