Document:

Exhibit 10.13

 

Form
of Loan Assignment Service Agreement

 

Agreement No.:

 

Party A (Assignor):

 

“Ihongsen” Account Name:

 

Legal Representative (ID No.): ID No. of
Legal Representative (Entity)/Individual

 

Contact Information:

 

Address:

 

Party B (Assignee):

 

	Platform

 Account No.	 	Name	 	ID No.	 	Investment Amount (¥)	 	Contact 

Information
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 

 

Party C (Intermediary): Sichuan Senmiao
Ronglian Technology Limited (“ihongsen”)

 

Legal Representative: Hu Xiang

 

Address: No. 1601, 16F, Block 1, No. 1098,
Middle Section of Jiannan Avenue., High-Tech Zone, Chengdu

 

Party D (Guarantor):

 

	Name/Company Name	 	ID No. of Individual/ 

Legal Representative	 	Contract 

Information	 	Address
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

 

    	 	1	 

     

    

 

Whereas:

 

1. Party A and the Borrower (ID No.      ) entered
into the Contract Name (Contract No.:      ); therefore, Party A became the creditor of the loan;

 

2. Party A intends to assign and Party
B intends to acquire the foregoing loan of the Borrower (the “loan”); Party A shall be responsible for repayment of
the foregoing loan without preconditions on behalf of the Borrower upon expiration of the agreed period.

 

3. Party B is a person with full capacity
for civil conduct under the law of the People’s Republic of China, residing in the territory of the People’s Republic
of China. Party B is a user of the network lending information intermediary platform managed and operated by Sichuan Senmiao Ronglian
Technology Limited, with the domain www.ihongsen.com (”ihongsen”) (hereinafter referred to as Party C), and is the
whole assignee of the loan with the successful bid on Party C;

 

4. Party C, a limited liability company
duly incorporated and validly existing, provides intermediary services as well as the services of management before, during, after
the loan, etc. for the parties of transaction;

 

5. Party D agrees to provide the joint
liability guarantee of the loan assigned by Party A for Party B on irrevocable basis as agreed herein.

 

6. Party A, Party B and Party D have authorized
Party C to provide the information submitted by the three parties (including but not limited to names, valid certificates, licenses,
certificates of rights, etc.) for the parties to this Agreement.

 

7. In accordance with relevant laws and
regulations, including the Contract Law of the People’s Republic of China, the Property Law of the People’s
Republic of China, and the Guarantee Law of the People’s Republic of China, as well as other regulatory documents
and under the principle of free will, equality, and good faith, Party A, B, C and D hereby agree upon the loan assignment and repayment
through fully and friendly negotiation on the basis of free will and mutual consultation.

 

8. Prior to execution of this Agreement,
Party A, B, C and D have fully discussed and negotiated on the provisions on the rights, obligations, and responsibilities of each
party, and clearly understood the liabilities and risks of its own.

 

    	 	2	 

     

    

 

I. Subject Loan

 

1.1 Party A has the full right
to the loan of the Borrower (the “Original loan”) (see the Loan Contract No. to be completed); the details are as follows:

 

	Debtor	Borrower

 

	Loan Amount	RMB	(in words)	(in figures)

 

	Repayment Method to be completed.	A. Monthly repayment of average principal and interest

 
	B. Monthly repayment of average principal

 
	C. Monthly payment of interest and repayment of the principal at maturity

 
	D. One-off Repayment of principal and interest at maturity

 
	E. Other methods:

 
	Loan Purpose	to be completed

 

	Loan Period	 	to	 

 

1.2 Party A now assigns
the whole or part of the original loan (in an amount of ¥        yuan, hereinafter
referred to as the “subject loan”) to Party B through Party C, and will repay the outstanding loan on behalf of
the Borrower to Party B upon expiration of the assignment period in full, including the outstanding principal and interest,
the same below. The details are as follows:

 

	Loan Principal (Subject
    loan)	RMB	(in words)	(in figures):

 

	Repayment Method to 

be completed 	A. Monthly repayment of average principal and interest

 
	B. Monthly repayment of average principal

 
	C. Monthly payment of interest and repayment of the principal at maturity

 
	D. One-off Repayment of principal and interest at maturity

 
	E. Other methods:

 
	Annualized Rate of

 Return	 

 

	Assignment Period	 	to 	 

 

	Repayment Schedule	Repayment Date	Repayment Amount
	 	 

 

    	 	3	 

     

    

 

1.3 Prior to the repayment
date agreed in Article 1.2 herein, if the debtor fails in repayment of the principal or interest as agreed, the repayment date
shall be advanced to the date of failure in repayment of the principal or interest.

 

II. Rights and Obligations of Each Party

 

2.1 Party A’s
Rights and Obligations

 

2.1.1 Party A warrants the
data and information provided is authentic, complete and consistent; there is no false information or withholding of major facts;

 

2.1.2 Party A warrants and
undertakes that the loan assigned to Party B is authentic, legitimate and valid. In case that the loan is considered as void, or
partly or wholly invalid, or cancelled or discharged according to law, etc.; the legal liability and consequence thereof shall
be borne by Party A.

 

2.1.3 Party A undertakes that
the loan assigned to Party B is free from any third party’s claim of rights, any restriction on Party A’s right to
assign the loan, any preservation, attachment, or enforcement by any court, or creation of guarantee, or any defects or conditions
in violation of national laws, regulations, any industrial guidance, and regulatory documents promulgated by the competent authorities
at the place of Party A’s premises;

 

2.1.4 Account to be credited
designated by Party A (an account of Huaxing Bank, automatically generated by system)

 

Account
Name:

 

Account
No.:

 

Bank Name:

 

2.1.5 Party A shall
repay the loan on behalf of the Borrower as per the repayment schedule after Party B’s acquisition of the loan, and pay
a deposit equal to 5% of the subject loan principal (in an amount of ¥ to be completed yuan) to the following account
designated by Party C on the date of signing of this Agreement:

 

Account
Name:

 

Account
No.:

 

Bank Name:

 

(1) The foregoing deposit shall
be deemed to be delivered under the ownership of Party C upon entering into the foregoing designated account; it shall be for certain
purpose and of the nature of pledge; Party B has the priority right of compensation with the foregoing deposit according to law.

 

(2) Party D has the right of
compensation with the foregoing deposit according to law after making compensation on behalf of Party A.

 

2.1.6 Party A warrants that
it will not use its lock-up funds in any form (e.g. providing guarantee, or for lending, etc.) in violation of this Agreement and
Party C’s relevant rules;

 

    	 	4	 

     

    

 

2.1.7 Upon Party A’s
repayment of the loan on behalf of the Borrower, the amount of subject loan paid from the account designated by Party B to the
account designated by Party A shall be transferred from Party A’s designated account to the account designated by Party B,
i.e. returned by the original route. Party A’s failure in handling in the specified way abovementioned shall be deemed as
default;

 

2.1.8 Party A warrants that
a written notice of assignment of the subject loan has been given to the debtor; the debtor has been aware of and agreed upon the
foregoing assignment of loan; any liabilities arising thereof shall be borne by Party A;

 

2.1.9 Party A agrees upon Party
B’s reassignment of the subject loan without Party A’s further consent; in case of Party B’s reassignment of
loan, Party A must continue to perform its obligations under this Agreement to the loan assignee, and shall not reject the performance
for any reason;

 

2.1.10 Party A shall
pay the intermediary service fee to Party C as agreed;

 

2.1.11 Any transfer commissions,
expenses for evaluation, notarization/witness, mortgage/pledge registration, and insurance, and other relevant expenses incurred
during assignment of the subject loan shall be on Party A’s account;

 

2.1.12 Party A acknowledges
that Party C has the right to provide all of Party A’s information to any party to this Agreement in the case of Party A’s
default;

 

2.1.13
Party A agrees that Party C has the right to require Party A or Party D to cover personal accident insurance for Party A or property
insurance for Party A’s property with a third party insurance company as the case may be, and to list Party C as the first
beneficiary in the insurance policy;

 

2.1.14
Party A expressly acknowledges that it has full understanding of and capacity to afford the risks declared as follows and is willing
to be solely responsible for the losses arising thereof.

 

(1)
Risks of Failure in Assignment of Loan

 

Party
C provides the intermediary service for the both parties of the loan assignment only, and will not guarantee the successful assignment
of the loan for Party A. Therefore, failure of bid may occur due to unsuccessful fundraising during invitation of the loan assignment
project, and Party A should bear the risks of failure in the assignment. In addition, the fundraising meets Party C’s standard
for establishment of a project, but fails in satisfying Party A’s demand, and any loss caused by these risks shall be borne
by Party A; Party C will not assume any liability for indemnification.

 

(2) Other
potential risks, including but not limited to macroeconomic risks, policy risks, interest risks, system faults, etc.

 

2.1.15
Party A agrees and acknowledges that Party A shall notify Party C of any conditions which affect or may affect Party A’s
financial conditions, credit status, and repayment capacity, etc. within three business days upon occurrence of foregoing conditions,
including but not limited to any changes in Party A’s premises, production and operation conditions, major personnel arrangement,
etc.

 

    	 	5	 

     

    

 

2.1.16
Party A undertakes that the Borrower has expressly authorized Party A to repay the outstanding loan assigned at maturity on behalf
of the Borrower upon signing of this Agreement; Party A has been actually subject to the obligation of repayment of the outstanding
loan assigned on behalf of the Borrower upon signing of this Agreement; the obligation of repayment on behalf of the Borrower is
unconditional and irrevocable to Party B; Party A shall not reject the obligation of repayment on behalf of the Borrower on ground
of failure in receipt of the amount or the full amount of the Borrower’s repayment of the loan, or absence or any defect
of the Borrower’s authorization.

 

2.2 Party B’s Rights and Obligations

 

2.2.1 Party B warrants the
data and information provided is authentic, complete and consistent; there is no false information or withholding of major facts;

 

2.2.2 Party B warrants it has
the legal ownership of and exclusive right to dispose the funds used; any disputes on the funds ownership, validity, etc. with
any third party shall be settled by Party B; any losses and liabilities arising thereof shall also be borne by Party B;

 

2.2.3 Party B shall pay the
platform service fee equal to 8% of the interest earnings to Party C;

 

2.2.4 Party B shall become
the creditor of the subject loan and take over the rights and obligations of the lender under the master loan contract upon the
successful assignment of the subject loan;

 

2.2.5 Party B shall pay the
transfer price specified in Article 1.2 herein to the account designated by Party A on the effective date of this Agreement (see
Article 2.1.4 herein);

 

2.2.6 Party B has the right
to receive the interest earnings from the subject loan and shall pay applicable taxes;

 

2.2.7 Party B has the right
to reassign the loan to any third party (including but not limited to Party C and other investors from Party C’s platform);
however, the reassignment must be made through Party C subject to Party C’s relevant rules, and the period of the reassignment
shall not exceed the remaining period of the loan which Party B is entitled to; Party A and Party D shall continue to perform the
obligations under this Agreement to the assignee of the loan;

 

2.2.8 Party B will not be the
creditor of the subject loan and will not have the creditor’s rights and obligations as of repayment of the subject loan
which Party B is entitled to in full;

 

2.2.9 Party B has the right
to, in its sole discretion, claim for repayment against either Party A or Party D, even if there is any guarantee, real security
or any repayment guarantee in any other forms for Party A’s loan under this Agreement provided by Party A or any third party;

 

2.2.10 Party B has the right
to grant the authorization to Party C or other third parties with claim for repayment of the loan without notice to Party A and
Party D;

 

2.2.11 Party B acknowledges
that Party C has the right to provide all of Party B’s information to any party to this Agreement in the case of Party B’s
default;

 

2.2.12 Party B expressly acknowledges
that it is aware of investment risks; it has the ability to identify risks and experience in financial products without guarantee
and is familiar with internet; it has full understanding of and capacity to afford the risks declared as follows, and is willing
to be solely responsible for the losses of principal and interest arising thereof.

 

    	 	6	 

     

    

 

(1) Party
A’s Credit Risk

 

In case of Party A’s loss
of the capacity of repayment on behalf of the Borrower in short term or long term (including but not limited to changes in Party
A’s revenues and financial conditions, any personal accident, disease, or death, etc.), or any changes in Party A’s
intention of repayment on behalf of the Borrower, Party B may not recover its funds as scheduled.

 

(2) Risks
of Financial Liquidity

 

During the period of the assignment,
Party B may be unable to withdraw or use the whole or part of the principal of the loan temporarily.

 

(3) Force
Majeure

 

Any force majeure, such as wars,
riots, natural disasters, etc., may result in the risks of losing of Party B’s assets.

 

(4) Other potential risks, including
but not limited to macroeconomic risks, policy risks, interest risks, system faults, etc.

 

2.3 Party C’s
Rights and Obligations

 

2.3.1 Party C has the right
to review the loan to be assigned by Party A in respect of its compliance with law;

 

2.3.2 Party C has the right
to review the assignment of the loan under this Agreement in respect of its compliance with law;

 

2.3.3 Party C has the right
to obtain the data and information of Party A, B and D, and to review the authenticity, completeness, and consistency of the data
and information;

 

2.3.4 In performing the obligations
under this Agreement, Party C will bear no joint liability for the obligations of any of Party A, B, or D;

 

2.3.5 Party C provides the
services of connection, matching, etc. for Party A and Party B according to the authorization of the both parties; Party C has
the right to charge relevant intermediary service fee, etc. from Party A and Party B according to the fee scale published and the
appropriate agreements executed;

 

2.3.6 In case of Party B’s
reassignment of the loan to any third party (including but not limited to Party C and other investors from Party C’s platform),
the notice of reassignment shall be published on the platform or delivered by courier, email, or SMS, etc.; Party C will not send
any notice separately;

 

2.3.7 Party C is obligated
to keep the information of Party A, B and D, the debtor and related right owner of the collateral or the pledge obtained during
execution and performance of this Agreement in confidence.

 

    	 	7	 

     

    

 

2.4 Party D’s
Obligations

 

2.4.1 Party D undertakes to
provide the joint liability guarantee for Party A’s obligations of repayment on behalf of the Borrower as agreed herein;

 

2.4.2 The guarantee scope covers
the principal and interest of the subject loan, the liquidated damages agreed herein, and all expenses incurred for realization
of the creditor’s right by Party B. Party D may claim for reimbursement against Party A after fulfilling the guarantee obligations;

 

2.4.3 Guarantee Period: two
years as of the next day of expiration of the loan repayment period;

 

2.4.4 Party D assumes the joint
liability guarantee; Party B may require any guarantor of Party D to bear all of the guarantee liabilities;

 

2.4.5 Party D warrants that
Party B has the right to, in its sole discretion, claim for repayment against Party D first, even if there is any guarantee, real
security or any repayment guarantee in any other forms for Party A’s loan under this Agreement provided by Party A or any
third party;

 

2.4.6 Party D’s guarantee
for Party A is of its own volition; Party D’s guarantee for Party A’s subject loan is irrevocable;

 

2.4.7 Party D agrees that it
will not be exempt from the guarantee liabilities, even if Party B reassigns the loan under its ownership;

 

2.5 In case that Party A and
Party D provide guarantee in the form of mortgage, pledge, etc., Party B authorizes Party C or any third party designated by Party
C to execute relevant guarantee documents in respect of mortgage or pledge, handle relevant formalities, and exercise the right
to the guarantee on behalf of Party B. Both Party A and Party D agree upon the authorization.

 

2.6 Each party authorizes Party
C to conduct enquiry, collection, and use of any credit information from third party credit information agency to the extent permitted
by law, which includes following details:

 

(1) Enquiry of credit information:
Each party agrees that Party C may enquire and verify relevant credit information legally collected, sorted, or processed and provided
by the credit information agency or other information providers through the third party credit information agency or other third
parties with appropriate qualifications through the credit information agency (including but not limited to other credit information
agencies with appropriate qualifications, government authorities and its subordinates, operators and their distributors and affiliates,
etc.).

 

(2) Collection of credit information:
Each party agrees that Party C may provide the credit information legally obtained or generated during this assignment (including
but not limited to the information of the subject, the loan, delay in repayment, financial conditions, etc. to the extent permitted
by laws and regulations) for third party credit information agency, and agrees upon the third party credit information agency’s
storage, sorting, and processing of the information enquired and obtained. The third party credit information agency shall undertake
to guarantee the safety of Party A’s information.

 

    	 	8	 

     

    

 

(3) Use of credit information:
Each party agrees that Party C may use the credit information enquired and obtained for the purpose of its business according to
laws and regulations, and that Party C and the third party credit information agency may keep, sort, and process the information
enquired and obtained, and use them for evaluation of the credit status of the information subject or verification of the authenticity
of the information of the information subject.

 

2.7 Party A, B and D
acknowledge:

 

(1) Party A may make the repayment
in advance on behalf of the Borrower prior to expiration of the repayment date without Party B’s consent; the interest shall
be calculated as per the actual period of the assignment;

 

(2) If the last day of the repayment
schedule is a statutory holiday, the immediate business day after the statutory holiday shall be taken as the expiration date of
the repayment schedule, no interest earnings will be incurred during the period of the statutory holiday.

 

III. Taxes

 

Applicable taxes under this Agreement shall
be on the account of each party respectively according to law. Relevant taxes incurred by Party A and Party B during this business
shall be directly declared and paid to competent taxation authorities respectively; Party C will not be responsible for the withholding
or handling of the formalities.

 

IV. Liability for Default

 

4.1 In case of failure in assignment
of the loan for more than 1 day due to any reason attributable to Party B, Party C has the right to dissolve this Agreement.

 

4.2 In case of Party A’s
failure in payment of the interest to Party B or failure in performance of the obligations of repayment of the loan on behalf of
the Borrower on a timely basis, the liquidated damages equal to 10% of the amount of the repayment on behalf of the Borrower as
agreed in Article 1.2 shall be paid to Party B (Party C has the priority right to pay the liquidated damages to Party B with the
deposit paid by Party A.).

 

4.3 In case of any party’s
default of the undertakings or any other obligations herein, the non-defaulting party has the right to independently claim for
the liquidated damages equal to 10% of the total amount of the subject loan as agreed in Article 1.2 against the defaulting party
unless otherwise agreed herein.

 

4.4 In addition to the defaulting
party’s liability for default according to this Agreement, the defaulting party shall continue to perform any payment obligations.

 

4.5 Each party to this Agreement
shall strictly perform its obligations under this Agreement; any party may not dissolve this Agreement without approval of the
four parties or unless otherwise agreed herein.

 

4.6 In case of Party A’s
failure in complying with Party C’s rules, such as cancelling the loan assignment demand with Party C’s approval published
in Party C’s platform, preventing this Agreement from coming into effect, or rejecting to perform this Agreement, the liquidated
damages equal to 5% of the amount of the subject loan shall be paid for Party B and Party C respectively.

 

    	 	9	 

     

    

 

4.7 In case of any party’s
default, the defaulting party shall be responsible for the expenses and losses caused to other parties due to the default, including
but not limited to the expenses for investigation and litigation, the attorney fee, etc., all of which shall be on the defaulting
party’s account.

 

V. Termination of the Agreement

 

5.1 Party A, B and D agree
that Party C may unilaterally terminate this Agreement in advance in case of any one of the following events. If Party C determines
to terminate this Agreement in advance, a notice shall be given no later than two business days prior to the date of the proposed
early termination through the information disclosure route agreed:

 

(1) Termination due
to force majeure;

 

(2) Other cases required by
laws and regulations or as determined by regulatory authorities.

 

5.2 This Agreement may
be terminated as agreed by the four parties through negotiation.

 

5.3 This Agreement shall be
expired upon the completion of Party A’s payment of the principal and interest as well as service fee.

 

VI. Exemptions

 

6.1 Party A, B and D shall
pay attention to and review relevant information and rules published by Party C on a timely basis. In case of failure in timely
review or incapable of timely review due to telecommunication failure, system fault, and other force majeure factors, Party A,
B and D hereby expressly acknowledge that Party C will not bear the responsibilities thereof.

 

6.2 Party A, B, C and D acknowledge
that any party shall not be liable to each other for any loss caused by transaction interruption and/or delay due to force majeure,
such as earthquakes, fires, wars, etc., as well as promulgation of or change in policies.

 

6.3 Party A, B and D fully
understand and support the supervision and management on Party C by regulatory authorities and industrial associations; Party A,
B and D accept any actions taken by Party C as required by depository authorities and industrial associations. Each party to the
Agreement shall not be liable to each other for these actions taken by Party C, if any.

 

6.4 Each party acknowledges
that Party C provides the intermediary services for conclusion of the assignment transaction between each party only; any risks
and legal consequences of the transaction between Party A and Party B through the online accounts and bank accounts provided by
Party C or owned by each party shall be borne by each party respectively other than Party C; Party C provides no warranty or undertaking
for each party and/or any transactions, and will not take any legal liabilities arising thereof.

 

VII. Confidentiality Obligation

 

7.1
This confidentiality clause survives the termination of this Agreement.

 

    	 	10	 

     

    

 

7.2
Party A, B, C and D shall keep the information and trade secrets obtained during the negotiation, execution, performance, etc.
of this Agreement, as well as the content of this Agreement in confidence at any time, except those under supervision and management
of competent regulatory authorities and industrial associations, and those for performance of the obligations of accepting the
depository service.

 

VIII. Governing Law and Dispute Resolution

 

8.1 Establishment, validity,
interpretation, performance, amendment, and termination of this Agreement as well as resolution of the disputes arising thereof
shall be governed by the law of the People’s Republic of China.

 

8.2 Any disputes or controversies
arising from performance of this Agreement shall be settled by the four parties through friendly negotiation; should no settlement
be reached, any party has the right to submit the case to the people’s court at the place of Party C’s premises for
litigation.

 

IX. Miscellaneous 

 

9.1 This Agreement is prepared
in electronic form; it shall come into effect upon affixing the seal and signature of Party A, B, C and D electrically; the effective
date shall be the date of final generation of this Agreement, i.e. the date of loan release.

 

9.2 Execution of this Agreement
by Party A, B, C and D shall be deemed that the four parties have fully understood and agreed upon all of the provisions and contents
of this Agreement. For the terms related to this Agreement, which are referred in this Agreement as well as Party C’s agreements
and rules, Party C has the right to make amendment from time to time; the amendment shall automatically come into effect immediately
after Party C’s publication. This Agreement and any amendment or supplement shall be executed in one or more counterparts
in electronic form, each has the same legal effect; furthermore, Party A, B and D authorize Party C to keep and store the Agreement
on the special server established by Party C for 5 years as of expiration of the Agreement for reference. The three parties acknowledge
the effect of the Agreement in the specified form.

 

9.3 Each party agrees that
Party B may reassign the Party A’s loan under this Agreement together with the accessory rights, including but not limited
to joint liability guarantee, the rights to mortgage, pledge, and land contracting management, etc., to any third party other than
Party C in the case of Party A’s delay in performance of the obligations of repayment on behalf of the Borrower and in payment
relevant expenses (including principal, interest, penalty interest, liquidated damages, etc.) for 10 days. The third party assignee
has the right to claim for repayment or take legal measures, such as actions, arbitration, etc. against Party A and Party D. Party
A and Party D agree that the foregoing reassignment of the loan shall be binding on Party A and Party D without separate notice;
in addition, the third party assignee may make further assignment of the loan without separate notice given to Party A and Party
D.

 

9.4 In case of occurrence of
inheritance or bequest of the loan acquired by Party B during the period of acquisition of the loan, the inheritor or the legatee
claiming for the rights must provide the notarial instruments on the inheritance or bequest issued by national notarization authorities
for Party A; Party A shall assist in handling the formalities of inheritance or bequest after verification; any applicable taxes
shall be declared and paid by the inheritor or the legatee claiming for the rights to the competent tax authorities; Party A will
not be liable for handling of the relevant formalities.

 

    	 	11	 

     

    

 

9.5 Each party entrusts and
authorizes Party C to submit the real name registration information to the third party electronic signature platform under cooperation
in order to generate the electronic signature and seal of each party; each party acknowledges that the electronic signature and
seal have the same legal effect with the signature and seal of each party. Party C and its third party electronic signature platform
under cooperation undertake to keep the information safety of each party.

 

9.6 Execution, effectiveness,
and performance of this Agreement shall not be in violation of laws and regulations. In case of any one or more provisions herein
violating the applicable laws and regulations, the provision(s) shall be invalid; however, the invalid provision(s) shall not affect
the effect of other provisions herein.

 

9.7 Any changes in relevant
information of Party A, B and D (family contact person of himself/herself,
company contact person or emergency contact person, their employer, address, home phone number, mobile phone number, email, and
bank account of himself/herself/contact person) shall be updated in Party C’s platform on a timely basis; any loss caused
by failure in updating the information shall be borne by the party failing in updating.

 

9.8 Party C reserves
the right of final interpretation of this Agreement.

 

9.9 Term of this Agreement:
from the date of concluding this Agreement to the date of fulfillment of the rights and obligations of each party.

 

[SIGNATURE PAGE FOLLOWS]

 

    	 	12	 

     

    

 

	Party A (Assignor):	 
	 	 
	 	 
	Party B (Assignee): 	 
	 	 

 

Party C (Intermediary): Sichuan Senmiao
Ronglian Technology Limited

 

	By:	        	 
	Name:	 
	Title:	 
	 	 
	Party D (Guarantor): 	 
	 	 
	 	 

 

    	 	13Exhibit 10.14

 

Form
of Loan and Guarantee Agreement

 

	 	Agreement No.:

 

Party A (Lender):

 

	
        Platform Account

        Number
	 	Name	 	ID No.	 	Investment Amount (¥)	 	
        Contact

        Information

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 

 

Party B (Borrower):

 

“Ihongsen” Account Name:

 

ID No. of Individual/Legal Representative
(Entity):

 

Contact Information:

 

Address:

 

Party C (Intermediary): Sichuan Senmiao
Ronglian Technology Limited (“ihongsen”)

 

Legal Representative:

 

Address:

 

Party D (Guarantor):

 

	
        Name/Company

        Name
	 	
        ID No. / Legal

        Representative
	 	
        Contract

        Information
	 	Address
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

 

    	 	1	 

     

    

 

Whereas:

 

		1.	Party A is a person with full capacity
                                         for civil conduct under the law of the People’s Republic of China, residing in
                                         the territory of the People’s Republic of China. Party A intends to lend funds
                                         through the network lending information intermediary platform managed and operated by
                                         Sichuan Senmiao Ronglian Technology Limited, with the domain www.ihongsen.com (”ihongsen”) (hereinafter referred
                                         to as Party C);

 

		2.	Party B intends to borrow funds from Party A through Party C;

 

		3.	Party C, a limited liability company duly incorporated and existing, provides intermediary services
as well as the service of management before, during, and after the loan etc. for the parties of transaction;

 

		4.	Party D agrees to provide the joint liability guarantee for the loan above as agreed herein.

 

		5.	Party A, Party B, and Party D have authorized Party C to provide the information submitted by the
three parties (including but not limited to names, valid certificates, licenses, and certificates of rights etc.) for the parties
to this Agreement.

 

		6.	In accordance with relevant laws and regulations, including the Contract Law of the People’s
Republic of China, the Property Law of the People’s Republic of China, and the Guarantee Law of the People’s Republic
of China, as well as other regulatory documents and under the principle of free will, equality, and good faith, Party A, B, C and
D hereby enter into this loan and guarantee agreement in consideration of the service for Party A’s issue of the loan for
Party B through fully and friendly negotiation on the basis of free will and mutual consultation to comply with.

 

		7.	Prior to execution of this Agreement, Party A, B, C and D have fully discussed and negotiated on
the provisions on the rights, obligations, and responsibilities of each party, and clearly understood the liabilities and risks
of its own.

 

I. Loan and
Repayment Schedule

 

1.
Loan Schedule

 

	Loan Amount	RMB	(in words)	(in figures)

 

	Repayment
Method 	1. Monthly repayment of average principal and interest
	 
	2. Monthly payment of interest and repayment of the principal at maturity
	 
	3. Repayment of principal and interest at maturity with interest calculated on daily basis

 

    	 	2	 

     

    

 

	 	4. Monthly repayment of average principal 
	 	 
	 	5. Others:         

 

	Annualized Rate of  the Loan	 
	 	 
	Loan Purpose	 

 

	Loan Period	 	to	 

 

	Completion of the Loan Transaction	Party A authorizes Guangdong Huaxing Bank Co., Ltd. (the “Huaxing Bank”) under the cooperation with Party C to transfer the loan principal to Party B’s personal account of Huaxing Bank or the account designated by Party B under the name of Party B or any third party; remittance of the loan principal into the account designated by Party B shall be deemed as Party B’s receipt of the loan proceeds.

  

2. Repayment
Schedule

 

	Periods	 	
        Repayment

        Interest (yuan)
	 	
        Repayment

        Principal

        (yuan)
	 	
        Repayment

        Date
	 	
        Total repayment

        amount of the

        principal and

        interest (yuan)

	 	 	 	 	 	 	 	 	 

 

II. Rights
and Obligations of Each Party

 

		2.1	Party A’s Rights and Obligations

 

		2..1.1	Party A warrants the data and information provided are authentic, complete, and consistent; there
is no false information or major facts concealed;

 

		2..1.2	Party A warrants and undertakes that the source of the funds for issue of the loan is legitimate;
it is the legal owner of the funds. Any disputes on the funds ownership and validity etc. with any third party shall be settled
by Party A; any consequence due to Party A’s failure in the settlement shall also be Party A’s responsibility;

 

		2..1.3	Party A shall not withdraw the bidding or the loan which has been issued after Party A’s
submission of the bidding for the subject loan released by Party C;

 

		2..1.4	Party A shall transfer the loan amount to the account designated by Party B (see Article 2.2.2
herein) upon the effective date of this Agreement.

 

    	 	3	 

     

    

 

		2..1.5	Party A is entitled to the interest earnings from the loan, and shall pay applicable taxes actively;

 

		2..1.6	Party A has the right to assign the loan to any third party (including but not limited to Party
C and other investors on Party C’s platform); however, the assignment must be made through Party C subject to Party C’s
relevant rules, and the period of the assignment shall not exceed the remaining period of the loan; Party B and Party D shall continue
to perform the obligations under this Agreement to the assignee of the loan;

 

		2..1.7	Party A has the right to, at its option, claim for repayment against either Party B or Party D,
even if there is any guarantee or real security for Party B’s loan under this Agreement provided by Party B or any third
party, or any repayment guarantee in any other form;

 

		2..1.8	Party A shall pay the platform service fee equal to 8% of the total interest earnings for Party
C;

 

		2..1.9	Party A acknowledges that Party C has the right to provide all of Party A’s information to
any party of this Agreement in the case of Party A’s default;

 

		2..1.10	Party A expressly acknowledges that it has the awareness of investment risks and the capacity of
risk identification; it has the experience in financial products with non-guaranteed principal and is familiar with internet; it
has full understanding and capacity to afford the risks declared as follows, and is willing to be solely responsible for the losses
of principal and interest arising thereof.

 

(1) Party B’s
Credit Risk

 

In case of Party B’s loss
of the capacity of repayment in short term or long term (including but not limited to change in Party B’s revenues and financial
conditions, any personal accident, disease, or death etc.), or any change in Party B’s intention of repayment, Party A may
not recover the loan amount as scheduled.

 

(2) Risks in
Financial Liquidity

 

During the loan period, Party
A may be unable to withdraw or use the whole or part of the principal of the loan temporarily.

 

(3) Force Majeure

 

Any force majeure, such as wars,
riots, and natural disasters etc., may result in the risks in loss of Party A’s assets.

 

(4) Other potential risks,
including but not limited to macroeconomic risks, policy risks, interest risks, system faults etc.

 

		2.2	Party B’s Rights and Obligations

 

		2.2.1	Party B warrants that the data and information provided are authentic, complete, and consistent;
there is no false information or major facts concealed;

 

    	 	4	 

     

    

 

		2.2.2	Payment account designated by Party B (an account of Huaxing Bank, automatically generated by system)

 

Account Name :

 

Account No.:

 

Bank Name::

 

		2.2.3	Party B warrants it has the legal ownership and exclusive right to dispose of the funds used for
repayment; any disputes on the funds ownership and validity etc. with any third party shall be settled by Party B; any losses and
liabilities arising thereof shall also be borne by Party B;

 

		2.2.4	Party B accepts Party C’s supervision on its use of the loan proceeds and other financial
conditions;

 

		2.2.5	Party B shall repay the principal and interest of the loan in full as scheduled, and pay the intermediary
service fee and any other expenses as agreed;

 

		2.2.6	The amount of the loan transferred from Party A’s account to the account designated by Party
B shall be transferred from Party B’s designated account to the original account of Party A , i.e. returned by the original
route, at maturity of the loan. Party B’s failure in handling in the specified way abovementioned shall be deemed as default;

 

		2.2.7	Any transfer commissions, expenses for evaluation, notarization/witness, mortgage/pledge registration,
insurance, and other relevant expenses incurred during the loan transaction shall be on Party B’s responsibility;

 

		2.2.8	The loan shall be used for the purpose specified herein; Party B shall warrant that the loan proceeds
under this Agreement will not be used for any activities in violation of national laws and regulations;

 

		2.2.9	Party B agrees upon Party A’s assignment of the loan without Party B’s further consent;
in case of Party A’s assignment of the loan, Party B must perform its obligations under this Agreement to the loan assignee,
and shall not reject the performance for any reason;

 

		2.2.10	Party B acknowledges that Party C has the right to provide all of Party B’s information to
any party of this Agreement in the case of Party B’s default;

 

		2.2.11	Party B agrees that Party C has the right to require Party B or Party D to cover personal accident
insurance for Party B or property insurance for Party B’s property with a third party insurance company as the case may be,
and to list Party C as the first beneficiary in the insurance policy;

 

		2.2.12	Party B expressly acknowledges that it has full understanding and capacity to afford the risks
declared as follows and is willing to be solely responsible for the losses arising thereof.

 

    	 	5	 

     

    

 

(1)
Risks in Failure in Obtainment of the Loan

 

Party
C provides the intermediary service for the both lending and borrowing parties only, and will not guarantee Party B’s successful
obtainment of the loan. Therefore, failure of bid may occur due to unsuccessful fundraising during invitation of the loan project,
and Party B may have the risks in failure in obtainment of the loan. In addition, the fundraising meets Party C’s standards
for establishment of a project, but fails in satisfying Party B’s demands; however, any loss caused by these risks shall
be borne by Party B; Party C will not be liable for any liability for indemnification.

 

(2)Risks
in Repayment in advance

 

Whereas
there are explicit provisions on the loan limit stipulated in relevant laws and regulations on network lending supervision; therefore,
Party B agrees that Party C has the right to require Party B to repay the total amount of the outstanding loan in advance in the
case of any investigation and adjustment on the loan projects exceeding the loan limit as required by regulatory authorities, and
then pay the amount to Party A accordingly; any losses and risks arising thereof shall be borne by Party B.

 

(3)
Other potential risks, including but not limited to macroeconomic risks, policy risks, interest risks, system faults etc.

 

		2.2.13	Party B agrees and acknowledges that Party B shall notify Party C of any conditions which affect
or may affect Party B’s financial conditions, credit status, or repayment capacity etc. within three business days upon occurrence
of foregoing conditions, including but not limited to any change in Party A’s premises, production and operation conditions,
and major personnel arrangement etc.

 

		2.3	Party C’s Rights and Obligations

 

		2.3.1	Party C has the right to review Party B in respect of its compliance with law;

 

		2.3.2	Party C has the right to review the loan transaction under this Agreement in respect of its compliance
with law;

 

		2.3.3	Party C has the right to obtain the data and information of Party A, B, and D, and to review the
authenticity, completeness, and consistency of the data and information;

 

		2.3.4	During performance of this Agreement, Party C will bear no joint liability for the obligations
of any of Party A, B, or D;

 

		2.3.5	Party C provides the service of connection and matching etc. for Party A and Party B according
to the authorization of the both parties; Party C has the right to charge relevant intermediary service fee etc. to Party A and
Party B according to the fee scale published and the appropriate agreements executed;

 

		2.3.6	In case of Party A’s assignment of the loan to any third party (including but not limited
to Party C and other investors on Party C’s platform), the notice of assignment shall be published on the platform or delivered
by courier, email, or SMS etc.; Party C will not give any notice separately;

 

    	 	6	 

     

    

 

		2.3.7	If Party C fulfills the repayment obligation in the case of Party B’s failure in making repayment
of the loan as scheduled and Party D’s failure in fulfillment of the guarantee obligation, Party C becomes the new creditor
and has the right to claim for the liability of Party B and Party D;

 

		2.3.8	Party C is obligated to keep this Agreement and relevant documents referenced herein in electronic
form properly, and to provide necessary conditions for the review by Party A, B, and D at any time;

 

		2.3.9	Party C is obligated to keep the information of Party A, B, and D, and the right owner of the collateral
or the pledge obtained during execution and performance of this Agreement in confidence.

 

		2.4	Party D’s Rights and Obligations

 

		2.4.1	Party D agrees to provide the joint liability guarantee for Party B’s debts under this Agreement;

 

		2.4.2	The guarantee scope covers the principal and interest of the loan, the liquidated damages agreed
herein, and all expenses incurred for realization of the creditor’s right by Party A. Party D may claim for reimbursement
against Party B after fulfillment of the guarantee obligations;

 

		2.4.3	Guarantee Period: two years as of the next day of expiration of the loan period

 

		2.4.4	Party D provides the joint liability guarantee; Party A may require any guarantor of Party D to
bear all of the guarantee liabilities;

 

		2.4.5	Party D warrants that Party A has the right to, at its option, claim for repayment against Party
D first, even if there is any guarantee or real security for Party B’s loan under this Agreement provided by Party B or any
third party, or any repayment guarantee in any other form;

 

		2.4.6	Party D’s guarantee for Party B is its real intention; Party D’s guarantee for Party
B’s loan is irrevocable;

 

		2.4.7	Party D agrees that it will not be exempt from the guarantee liabilities, even if Party A assigns
the loan under its ownership;

 

		2.5	In case that Party B and Party D provide guarantee in the form of mortgage or pledge etc., Party
A authorizes Party C or any third party designated by Party C to execute relevant guarantee documents in respect of mortgage or
pledge, handle relevant procedures, and exercise the right to the guarantee on behalf of Party A. Both Party B and Party D agree
upon the authorization.

 

		2.6	Each party authorizes Party C to conduct enquiry, collection, and use of any credit information
from third party credit information agency to the extent permitted by law, which includes following details:

  

(1) Enquiry of credit
information: Each party agrees that Party C may enquire and verify relevant credit information legally collected, sorted, or
processed and provided by credit information agency or other information providers to the third party credit information
agency or other third parties with appropriate qualifications through the credit information agency (including but not
limited to other credit information agencies with appropriate qualifications, government authorities and its subordinates,
operators and their distributors, and affiliates etc.).

 

    	 	7	 

     

    

  

(2) Collection of credit information:
Each party agrees that Party C may provide the credit information legally obtained or generated during this loan transaction (including
but not limited to the information of the subject, the loan, delay in repayment, and property concerned etc. to the extent permitted
by laws and regulations) for the third party credit information agency, and agrees upon the third party credit information agency’s
storage, sorting, and processing of the information enquired and obtained. The third party credit information agency shall undertake
to guarantee the safety of Party B’s information.

 

(3) Use of credit information:
Each party agrees that Party C may use the credit information enquired and obtained for the purpose of its business according to
laws and regulations, and that Party C and the third party credit information agency may keep, sort, and process the information
enquired and obtained, and use them for evaluation of the credit status of the information subject or verification of the authenticity
of the information of the information subject.

 

III. Taxes

 

Applicable taxes under this Agreement shall
be on the account of each party respectively according to laws. Relevant taxes incurred by Party A and Party B during this business
shall be directly declared and paid to competent taxation authorities respectively; Party C will not be responsible for the withholding
or handling of the formalities.

 

IV. Liability for Default

 

		4.1	Party B’s failure in repayment in full by 24:00 on the repayment date shall be deemed as
delay in repayment.

 

		4.2	In case of Party B’s failure in repayment of the principal and interest in full as scheduled
and in payment of other expenses as agreed herein, the liquidated damages equal to 0.5‰ of the overdue repayment shall be
paid for Party A per day till Party B’s repayment of the overdue amount or Party D’s repayment on behalf of Party B,
unless otherwise agreed herein.

 

		4.3	In case of any party’s default of the undertakings or any other obligations herein, the non-defaulting
party has the right to independently claim for the liquidated damages equal to 10% of the total amount of the loan under this Agreement
against the defaulting party unless otherwise agreed herein.

 

		4.4	In addition to the defaulting party’s liability for default according to this Agreement,
the defaulting party shall continue to perform any payment obligations.

 

    	 	8	 

     

    

 

		4.5	Each party in this Agreement shall strictly perform its obligations under this Agreement; any party
may not terminate this Agreement without approval of the four parties or unless otherwise agreed herein.

 

		4.6	In case of Party B’s cancellation of the loan demand with Party C’s approval published
through Party C according to Party C’s rules, prevention from effectiveness of this Agreement, or rejection of the performance
of this Agreement, the liquidated damages equal to 5% of the loan amount shall be paid for Party A and Party C respectively.

 

		4.7	In case of any party’s default, the defaulting party shall be responsible for the expenses
and losses caused to other parties due to the default, including but not limited to the expenses for investigation, litigation,
and the attorney fee etc., all of which shall be on borne by the defaulting party.

 

		4.8	In the case of Party B’s failure in making repayment of any period for more than 30 days,
or failure in making repayment for continuous two periods (incl.), or any conditions affecting repayment of the loan under this
Agreement identified by Party C, such as Party B’s avoidance or refusal of communication or admission of the overdue repayment,
intentional transfer of the funds, or deterioration of credit status etc., the total principal and interest of the loan under this
Agreement shall fall due immediately; furthermore,

 

(1) Party B shall repay the outstanding
principal, interest, penalty interest, and any other expenses incurred under this Agreement immediately;

 

(2) Party C has the right to record
Party B’s overdue repayment, malicious acts, or bad behavior into the individual credit reference system;

 

(3) Party C has the right to disclose
relevant information of Party B’s default and credit loss, as well as other information of Party B to media, employer, public
security authorities, prosecuting authorities, judicial authorities, and service agency for overdue payment collection etc. Party
C will bear no liabilities arising thereof.

 

V. Repayment in advance

 

		5.1	Party B may repay the loan principal in advance, provided that Party B must give a written notice
15 days in advance and obtain the written consent of Party C.

 

		5.2	Prepayment of the total amount of the loan: In case of Party B’s application for repayment
of the total principal at one time prior to expiration of the loan period agreed, the interest for the whole month of the prepayment
shall be accrued; in such case, Party B shall pay the processing fee for the in-advance repayment equal to ___ ‰ of the
amount of the loan principal for Party C.

 

		5.3	Prepayment of part of the loan: In case of Party B’s application for repayment of part of
the principal prior to expiration of the loan period agreed, the interest for the whole month of the prepayment shall be accrued;
in such case, Party B shall pay the processing fee for the prepayment equal to ___ ‰ of the amount of prepayment of the
principal for Party C.

 

    	 	9	 

     

    

 

VI.
Termination of the Agreement

 

		6.1	Party A, B, and D agree that Party C may unilaterally terminate this Agreement in advance in any
one of the following events. If Party C determines to terminate this Agreement in advance, notice shall be given by means agreed
no later than two business days prior to the date of the proposed early termination:

 

(1) Termination due to force
majeure;

 

(2) Other cases required by
laws and regulations or determined by regulatory authorities.

 

		6.2	This Agreement may be terminated as agreed by all the parties through negotiation.

 

		6.3	This Agreement shall be expired upon Party B’s repayment of the principal and interest as
well as service fee.

 

VII. Exemptions

 

		7.1	Party A, B, and D shall pay attention to and review relevant information and rules published by
Party C on a timely basis. In case of a failure to timely review or unavailability of timely review due to telecommunication failure,
system fault, and other force majeure factors, Party A, B, and D hereby expressly acknowledge that Party C will not bear the responsibilities
thereof.

 

		7.2	Party A, B, C, and D acknowledge that any party shall not be liable to each other for any loss
caused by transaction interruption and/or delay due to force majeure, such as earthquakes, fires, and wars etc., as well as promulgation
of or change in policies etc.

 

		7.3	Party A, B, and D fully understand and support the supervision and management of Party C by regulatory
authorities and industrial associations; Party A, B, and D accept any actions taken by Party C as required by depository authorities
and industrial associations. Each party of the Agreement shall not be liable to each other for these actions taken by Party C,
if any.

 

		7.4	Each party acknowledges that Party C provides the intermediary service for conclusion of the loan
transaction between each party only; any risks and legal consequences of the transaction between Party A and Party B through the
online accounts and bank accounts provided by Party C or owned by each party shall be borne by each party respectively other than
Party C; Party C provides no warranty or undertaking for each party and/or any transactions, and will not take any legal liabilities
arising thereof.

 

VIII. Confidentiality Obligation

 

		8.1	This confidentiality clause survives the termination of this Agreement.

 

		8.2	Party A, B, C, and D shall keep the information and trade secrets obtained during the negotiation,
execution, and performance etc. of this Agreement, as well as the contents of this Agreement in confidence at any time.

 

    	 	10	 

     

    

 

IX. Governing Law and Dispute Resolution

 

		9.1	Establishment, validity, interpretation, performance, amendment, and termination of this Agreement
as well as resolution of the disputes arising thereof shall be governed by the law of Mainland China.

 

		9.2	Any dispute or controversy arising from performance of this Agreement shall be settled by the four
parties through friendly negotiation; should no settlement be reached, any party has the right to submit the case to the people’s
court at the place of Party C’s premises for litigation.

 

X. Miscellaneous

 

		10.1	This Agreement is prepared in electronic form; it shall be established by Party A’s clicking
the “Bid Now”; the effective date shall be the date of final generation of this Agreement.

 

		10.2	Execution of this Agreement by Party A, B, C, and D shall be deemed that the four parties have
fully understood and agreed upon all of the provisions and contents of this Agreement. For the terms related to this Agreement,
which are referred in this Agreement as well as Party C’s agreements and rules, Party C has the right to make amendment from
time to time; the amendment shall automatically come into effect immediately after Party C’s publication. This Agreement
and any amendment or supplement shall be executed in one or more counterparts in electronic form, each has the same legal effect;
furthermore, Party A, B, and D authorize Party C to keep and save the Agreement on the special server of Party C for 5 years as
of expiration of the Agreement for reference. The three parties acknowledge the effect of the Agreement in the specified form.

 

		10.3	Each party agrees that Party A may assign its right to the total outstanding loan of Party B under
this Agreement (including both the due and undue loan), together with the accessory rights, including but not limited to joint
liability guarantee and the rights to mortgage, pledge, and land contracting management etc. to Party C free of charge in the case
of Party B’s delay in the repayment of any one period (including principal, interest, penalty interest, and liquidated damages
etc.) in full for 10 days. Party C has the right to claim for repayment or take legal measures, such as actions and arbitration
etc. against Party B and Party D; the amount obtainment from the claim for repayment shall be paid for Party A after deducting
the expenses incurred for claim for the repayment by Party C and relevant expenses. Party B and Party D agree that the foregoing
assignment of the loan shall be binding on Party B and Party D without separate notice; in addition, Party C may make further assignment
of the loan without separate notice given to Party B and Party D.

 

		10.4	In case of occurrence of cause for inheritance or bequest of the loan under the ownership of Party
A during the loan period, the inheritor or the legatee claiming for the rights must provide the notarial instruments on the inheritance
or bequest issued by national notarization authorities for Party B; Party B shall assist in handling the formalities of inheritance
or bequest after verification; any applicable taxes shall be declared and paid by the inheritor or the legatee claiming for the
rights to the competent tax authorities; Party B will not be liable for handling of the relevant formalities.

  

    	 	11	 

     

    

  

		10.5	Each party authorizes Party C to submit the real name registration
information to the third party electronic signature platform under cooperation and to generate the electronic signature and seal
of each party; each party acknowledges that the electronic signature and seal have the same legal effect with the signature and
seal of each party. Party C and its third party electronic signature platform under cooperation undertake and warrant the information
safety of each party.

 

		10.6	Execution, effectiveness, and performance of this Agreement are not in violation of laws and regulations.
In case of any one or more provisions herein in violation of applicable laws and regulations, the provision(s) shall be void; however,
the invalid provision(s) shall not affect the effect of other provisions herein.

 

		10.7	Any change in relevant information of Party A, B, and D [Party A, B, and D (including individual
and entity), family contact person of himself/herself, company contact person or emergency contact person, their employer, address,
home phone number, mobile phone number, email, and account number of himself/herself/contact person] shall be updated for Party
C on a timely basis; any loss caused by failure in updating the information shall be borne by the party failing in updating.

 

		10.8	Each party agrees that any notice, reminder, and court instrument etc. under this Agreement shall
be given to the address of each party first written above (in case of discrepancy between the addresses indicated in the Confirmation
of Address for Service issued by each party and designated in this Agreement, the Confirmation of Address for Service shall prevail.).
Unless otherwise specified in any court instrument, service of other notices and reminders under this Agreement shall be deemed
to be effected on the seventh business day upon the dispatch date, whether the recipient actually signs for receipt or not.

 

		10.9	Party C has the right of final interpretation of this Agreement.

 

		10.10	Term of this Agreement: from the date of concluding this Agreement
to the date of fulfillment of the rights and obligations of each party.

 

[Signature Page Follows]

 

    	 	12	 

     

    

 

	Party A (Lender):	 
	 	 
	 	 
	 	 
	Party B (Borrower):	 
	 	 
	 	 

 

Party C (Intermediary): Sichuan Senmiao
Ronglian Technology Limited

 

	By:	 	 
	Name:	 
	Title:	 

 

	Party D (Guarantor):	 
	 	 
	 	 

 

    	 	13

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