Document:

Exhibit 10.14

Road Freight Transportation Cooperation Agreement

 

Contract Number: B-WLHY-HY-GL-20200318-0283

 

Party A (shipper): Shengfeng Logistics Group Co.,
Ltd

 

Party B (Carrier): Hubei Luge Logistics Co., Ltd

 

According to
the relevant laws and regulations of the state, through full and friendly negotiation between Party A and Party B, the following agreement
is reached on Party B’s provision of freight transportation services for Party A, so that both parties can abide by it.

 

I. Scope, Content and Method of Cooperation

 

1. Party A entrusts Party B
to carry the road freight transportation business from the departing location designated by Party A to the destination;

 

Name of freight: general freight

 

Route: National

 

2. The specific subject matter
of the consigned goods (product name, category, specification and model, quantity, price, etc.) shall be issued in advance by Party A
on the online system and shall be subject to each transportation order confirmed by both parties.

 

II. Cooperation Mode

 

According to the capabilities
and advantages of both companies, combined with the “Internet + logistics” mode of Luge Internet Logistics Platform, both parties
will cooperate through the combination of online and offline, jointly create a controllable transport capacity ecosystem for both sides,
and realize a low-cost and efficient benign mode of transport.

 

Party A shall give full play
to the convenience of Party A’s offline communication with the participating parties, to be familiar with the site conditions of loading
and unloading, to understand the status and specifications of the goods and other advantages, to be responsible for the collection and
physical audit of offline drivers, vehicles and certificates, and the organization, coordination and review of the site of loading and
unloading, etc.

 

Party B shall give full play
to Party B’s advantages of information technology, standardized operation process and integrity of the vehicle platform, and coordinate
with Party B to take charge of vehicle integration and scheduling management, in-transit transportation management, circulation and review
of business documents, transportation anomaly and risk management, etc.

 

    1

     

    

 

III. Rights and Obligations of Party A

 

1. Party A shall have the right
to request Party B to transport the freight to the destination at the time, place and driving route agreed herein. If Party A needs to
change the place of arrival or the consignee or cancel the consignment after shipment, Party A shall have the right to request Party B
to change the content of the Contract or cancel the Contract. However, Party A shall notify Party B in writing before the goods are delivered
to the destination, and all expenses incurred by Party A’s change of transportation instructions (including but not limited to the consignee
and the place of arrival of the goods) shall be borne by Party A itself.

 

2. Party A shall pack the consigned
goods in accordance with the prescribed standards, comply with the relevant transportation regulations, and deliver the goods in accordance
with the time and quantity stipulated in the contract. Party A shall ensure that the storage yard and unloading work of Party B’s vehicles
are smooth when they arrive at the destination.

 

3. Party A shall be obligated
to pay the freight, miscellaneous fees, etc. to Party B according to the specific transportation service items and contents.

 

4. Party A must strictly require
on-site personnel to audit the actual carrier drivers and vehicles, and must have a detailed understanding of the assigned vehicles and
personnel to ensure the safety of vehicles and goods during transportation. Party B has the right not to assume the risks of the goods
arising therefrom.

 

5. Party A undertakes to load
the goods reasonably and shall not contain prohibited goods, dangerous goods, goods and contraband listed in the national regulations,
and shall not intentionally misreport or conceal the weight, specification and nature of the goods.

 

6. Party A shall have the right
to extract all information on the cooperation information platform of both parties, including but not limited to vehicle information,
business information, operational process node record information and receipt management information.

 

IV. Rights and Obligations of Party B:

 

1. Party B shall deliver the
consigned goods to the designated place within the period specified herein, and shall notify relevant personnel of Party A and arrange
the consignee to receive the goods as required by Party A.

 

2. Party B shall track and
manage the in-transit transportation and timely report the tracking goods in transit to Party A. In case of any abnormality, Party A shall
timely notify the personnel designated by Party A and cooperate with Party A to deal with it.

 

3. Party B has the right to
collect freight, miscellaneous fees and other relevant fees from Party A. If Party B fails to contact the consignee or the consignee refuses
to take delivery of the goods, Party B shall timely notify Party A and wait for Party A’s instruction before processing. At the same time,
Party B shall be responsible for keeping the goods to avoid any loss or loss of the goods. The storage expenses and all other expenses
(including transportation expenses, etc.) arising therefrom shall be borne by Party A. Party B shall not dispose of the goods without
authorization.

 

    2

     

    

 

V. Freight Risks:

 

In case of loss during the
transportation of the goods, both parties shall actively communicate and cooperate with each other upon receiving the feedback, and promptly
handle the abnormality. As for the compensation for loss of the goods, both parties agree to proceed according to Method II as
follows.

 

□ Method 1. Insured
transportation: For the freight entrusted by Party A to be carried by Party B, Party A shall specify the value of the freight when
placing an order in the system, and Party B shall calculate the insured price according to the insurance rate______ agreed by both parties,
increase the freight accordingly, and insure the freight on the platform. Party B shall be liable for compensation arising from damage
or loss of the goods in the course of transportation. The amount of compensation shall be the lower of the value of the goods defined
by the system at the time of placing the order, and the sales value of the goods or the value of the goods determined by Party A’s customer.

 

□ Method II. General
transportation: Party A shall purchase insurance on its own for the goods to be shipped by Party B as entrusted by Party A. The risks
and losses arising from damage or loss of the goods in the course of transportation shall mainly be settled by Party A to the insurance
company, and the limitation for Party B to bear and pay the related losses shall be limited to the freight collected by Party B for such
transportation.

 

VI. Freight settlement and invoice issuance:

 

1. Transportation fee collection:
Party B shall charge Party A a transparent cost and profit for each freight, that is, Party B shall make clear to Party A the freight
paid to the actual transport vehicle for each waybill, and 4.9% of the total freight charged to Party A for such waybill shall be Party
B’s gross profit rate. The remaining part shall be settled online and transferred to the actual vehicles to be shipped, and the payment
record shall be transparent to Party A. If Party A chooses insured transportation, the final freight shall be increased according to the
actual insured cost of the goods, and the specific freight for each bill shall be subject to the system waybill.

 

2. Account reconciliation:
After the delivery of orders in the system is completed, both parties shall take the valid electronic documents uploaded by the driver
on the platform (including the delivery bill, receipt, etc.) as the audit basis, and conduct freight verification and account reconciliation
in the system based on the waybill.

 

3. Settlement period: The settlement
method and period of each order shall be subject to the specific transportation contract or receipt signed by both parties through consultation
with the actual carrier vehicle.

 

4. Settlement method:

 

Both parties agree that Party
A shall, after verifying the receipt of the goods on the waybill, pay the freight payable to Party B to the account designated by Party
B, and then trigger an instruction to Party B that the waybill can be settled in the system. Upon receipt of the instruction, Party B’s
system will automatically pay the freight payable to the carrier vehicle.

 

    3

     

    

 

In order to obtain high service
quality and long-term cooperation, both parties shall ensure the timeliness and integrity of the freight paid to the driver. Both parties
agree that the process of freight payment from Party A to Party B and then to the actual carrying vehicle shall be carried out in the
following methods: 1 and/or 2.

 

□ Method 1: Party
A shall first pay the freight bill to the system account designated by Party B. The designated freight settlement accounts of Party B
are shown in the attached list. Then trigger the settlement instruction of the waybill in the system, and let Party B pay the freight
due to the driver to the driver’s account.

 

□ Method II: Party
B introduces the financial institutions cooperating with Party B to provide financial factoring services for Party A. within the credit
line of the financial institutions, Party A may not pay the freight to Party B in advance, but directly trigger the waybill settlement
instruction in the system, and the credit granting financial institutions shall pay the funds payable to Party B to the system account
designated by Party B in advance, Party B’s system will automatically pay the driver the freight payable. Party A shall pay the freight
paid by the financial institution to Party B before the advance payment of the financial institution is due, and trigger the repayment
instruction in the system, and Party B’s system will automatically transfer the funds to the corresponding financial institution.

 

If both parties agree to adopt
mode 2, the interest to be collected by the fund side shall be borne by Party A and collected and paid by Party B. Specifically, the platform
financial factoring service agreement signed separately by the financial institution and Party A shall prevail.

 

5. Invoicing: Party B shall
issue value-added tax invoices for the total freight paid by Party A to Party B, and the invoices shall be issued to the corresponding
subsidiary companies of Party A.

 

VII. Terms of Use of Platform System:

 

Both parties agree that Party
A shall use the “Luge Guanchebao” system of Party B’s parent company (Hefei Weitian Yuntong Information Technology Co., Ltd.)
to conduct business interaction with Party B. The agreement of using the system shall be separately signed by Party A and Hefei Weitian
Yuntong Information Technology Co., Ltd.

 

VIII. The agreement of using the platform:

 

1. Neither party shall be held
liable for the breach of contract caused by national policies, natural disasters and other force majeure factors.

 

2. The freight increase caused
by force majeure, such as the state’s regulation of the three excesses, bridge and tunnel policies, highway fees, traffic control of routes,
height limit, changes in driving routes, fuel charges, and changes in national policies, shall be negotiated by the two parties on a certain
extent.

 

    4

     

    

 

3. If either party changes
its business operation mode, the parties shall negotiate actively to sign a new contract or supplementary agreement according to the new
mode; If no agreement can be reached through negotiation, this contract shall be terminated and neither party shall bear the liability
for breach of contract.

 

4. Any dispute arising from
the execution of this Contract shall be settled by both parties through negotiation. If the negotiation is invalid, either party may file
a lawsuit with the people’s court of the place where either party is located.

 

5. In view of the importance
attached to the contract and the requirements of management, Party A and Party B agree to create an electronic contract of goods transportation
before the 5th day of the following month based on the actual transportation amount and volume of the last month, as an indispensable
appendix of this cooperation agreement. Party A and Party B both acknowledge this Contract (no matter whether signed or sealed by both
parties)

 

IX. Confidentiality:

 

Both parties undertake to keep
confidential of the documents, data and information (including trade secrets, purchase and sales channels, sales prices, transportation
routes, vehicle sources, operation activities and other information) of the other party that are obtained from the other party during
the discussion, signing and execution of this Agreement and cannot be obtained through public channels. Without the consent of the data
provider, the other party shall not disclose all or part of the trade secret to a third party. The breaching party shall indemnify the
other party in full for all losses caused thereby, including actual losses already incurred and expected loss.

 

X. Term

 

This Agreement shall come into
force upon signed and sealed by both parties. The Agreement shall be valid from July 1, 2019 to December 31, 2020.

 

This agreement is made in four
originals, with two held by each party.

 

Party A:/s/ Shengfeng Logistics Group Co.
Ltd 

Signature of authorized representative: 

Date:June 30, 2019 

Party B:/s/ Hubei Luge Logistics Co. Ltd 

Signature of authorized representative: 

Date:June 30, 2019

 

5Exhibit 10.15

 

 

 

 

 

Shengfeng Logistics
Group Co., Ltd. and

Hefei Weitian Yuntong Information Technology
Co. Ltd.

Road Freight
Transportation Platform Cooperation Agreement

 

 

 

 

 

September 1,
2020

 

    1

     

    

 

This Road Freight Transportation
Platform Cooperation Agreement between Shengfeng Logistics Group Co., Ltd. and Hefei Weitian Yuntong Information Technology Co., Ltd.
(hereinafter referred to as “this Agreement”) is entered into on September 1, 2020 by and between the following parties:

 

Party A: Shengfeng Logistics
Group Co., Ltd

 

Legal representative (person
in charge): Liu Yongxu

 

Contact: Gao Hanbing

 

Address: Shengfeng Building,
No.478 Fuxin East Road, Jin ‘an District, Fuzhou City, Fujian Province

 

Contact number: **********

 

Email address: **********

 

Unified social credit code:
**********

 

Party B: Hefei Weitian Yuntong
Information Technology Co., Ltd

 

Legal representative (person
in charge): Feng Lei

 

Contact person: Yao Shumeng

 

Address: No. 2700, Chuangxin
Avenue, High-tech Zone, Hefei City, Anhui Province

 

Contact number: **********

 

Email address: **********

 

Unified social credit code:
**********

 

(Party A and Party B shall
be separately referred to as a “Party” and collectively referred to as the “Parties”)

 

In view of the fact that:

 

I. Party A is a well-known
national/regional professional logistics company.

 

II. Party B is a pioneer in
China’s “Internet + Logistics” industry and one of the first pilot enterprises to obtain the qualification of “Carless/Network
Freight” in China. Party B is committed to building a benign logistics ecosystem in China and has independently developed, constructed
and operated Luge “Internet + Logistics” platform. Party B has 3 technology research and development bases and 12 operating
branches, with a service network all over the country.

 

III. Both sides plan to integrate
resources and complement each other’s advantages to jointly carry out road freight transportation.

 

IV. Under the framework of
this agreement, one party and one party’s affiliated enterprises provide the services agreed in this Agreement for the other party and
the other party’s affiliated enterprises (see the list of enterprises attached to this Agreement for details, and Party A and Party B
authorize the list of enterprises to be responsible for road freight transportation business in corresponding areas), All rights and obligations
of one party in this Agreement are also applicable to the affiliated enterprises of one party listed in the list; At the same time, one
party shall perform all obligations to the other party and its affiliated enterprises in accordance with this agreement.

 

In accordance with the contract
law of the people’s Republic of China, general principles of the civil law of the people’s Republic of China, general principles of the
civil law of the people’s Republic of China and other relevant laws and administrative regulations, the two parties have jointly signed
this Agreement on matters related to road / road cargo transportation in accordance with the principles of long-term cooperation, mutual
benefit and common development for mutual adherence.

 

    2

     

    

 

Article 1 Definition

 

1.1 Unless otherwise agreed
herein, the following terms used in this Agreement shall be construed as follows:

 

Affiliate: refers to a company
that directly or indirectly controls Party A or Party B, is controlled by Party A or Party B or its shareholders or senior managers, or
is under common control with Party A or Party B. Control means that one party directly or indirectly holds more than 50% of the equity
of the other party, or can exert significant influence on the other party through agreement.

 

1.2 Unless otherwise expressly
stated, the following rules of interpretation shall apply in this Agreement:

 

1.2.1 Annexes/Appendices. The
Annexes/Appendices hereto are hereby incorporated into this Agreement as a part of this Agreement and shall form an integral part of this
Agreement. Terms used in any Annexes/Appendices that are not otherwise defined in such Annexes/Appendices shall be interpreted as defined
in this Agreement.

 

1.2.2 The words “in this
Agreement”, “within this Agreement” and “under this Agreement” refer to this Agreement as a whole and not only
to the branch where such words appear, unless the context otherwise requires.

 

1.2.3 Any reference to an affiliate
in this Agreement shall be deemed to include a branch of such affiliate within the territory of China.

 

1.2.4 Any law, regulation,
regulation or normative legal document referred to in this Agreement shall include laws, regulations, regulations or normative legal documents
as amended, compiled or re-formulated from time to time.

 

1.2.5 The headings in this
Agreement are for convenience of reference only, do not form a part of this Agreement and shall not limit, change, expand or otherwise
affect the interpretation of any provision of this Agreement.

 

1.2.6 A party to this agreement
or any other contract, agreement or document referred to in this agreement includes its successors.

 

Article 2 Scope, Contents
and Methods of Cooperation

 

2.1 Party A entrusts Party
B to carry the road freight transportation business from the departing location designated by Party A to the destination:

 

Name of Freight: Ordinary Freight

 

Route: National

 

2.2 The specific subject matter
of the consigned goods (product name, category, specification and model, quantity, price, etc.) shall be issued in advance by Party A’s
online system and shall be subject to each transportation order confirmed by both parties.

 

Article 3 Cooperation Mode

 

3.1 According to the capabilities
and advantages of both companies, combined with the “Internet + Logistics” mode of Luge Internet Logistics Platform, both parties
shall cooperate through the combination of online and offline to jointly create a controllable transport capacity ecosystem for both parties
and realize a low-cost and efficient benign transport mode.

 

    3

     

    

 

3.2 Party A shall give full
play to the convenience of Party A’s offline communication with the participating parties, to be familiar with the site conditions of
loading and unloading, to understand the status and specifications of the goods and other advantages, to be responsible for the collection
and physical audit of offline drivers, vehicles and certificates, and the organization, coordination and review of the site of loading
and unloading, etc.

 

3.3 Party B shall give full
play to its advantages of information technology, standardized operation process and integrity of the vehicle platform, and coordinate
with Party B to take charge of vehicle integration and scheduling management, in-transit transportation management, circulation and review
of business documents, transportation anomaly and risk management, etc.

 

Article 4 Rights and Obligations
of Party A

 

4.1 Party A shall have the
right to request Party B to transport the freight to the destination at the time, place and driving route agreed herein. If Party A needs
to change the place of arrival or the consignee or cancel the consignment after shipment, Party A shall have the right to request Party
B to change the content of the Contract or cancel the Contract. However, Party A shall notify Party B in writing before the goods are
delivered to the destination, and all expenses incurred by Party A’s change of transportation instructions (including but not limited
to the consignee and the place of arrival of the goods) shall be borne by Party A itself.

 

4.2 Party A shall pack the
consigned goods in accordance with the prescribed standards, comply with the relevant transportation regulations, and deliver the goods
in accordance with the time and quantity stipulated in the contract. Party A shall ensure that the storage yard and unloading work of
Party B’s vehicles are smooth when they arrive at the destination.

 

4.3 Party A shall be obligated
to pay the freight, miscellaneous fees, etc. to Party B according to the specific transportation service items and contents.

 

4.4 Party A must strictly require
on-site personnel to audit the actual carrier drivers and vehicles, and must have a detailed understanding of the assigned vehicles and
personnel to ensure the safety of vehicles and goods during transportation. Party B has the right not to assume the risks of the goods
arising therefrom.

 

4.5 Party A undertakes to load
the goods reasonably and shall not contain prohibited goods, dangerous goods, goods and contraband listed in the national regulations,
and shall not intentionally misreport or conceal the weight, specification and nature of the goods.

 

4.6 Party A shall have the
right to extract all information on the cooperation information platform of both parties, including but not limited to vehicle information,
business information, operational process node record information and receipt management information.

 

Article 5 Rights and Obligations
of Party B

 

5.1 Party B shall deliver the
consigned goods to the designated place within the period specified herein, and shall notify relevant personnel of Party A and arrange
the consignee to receive the goods as required by Party A.

 

5.2 Party B shall track and
manage the in-transit transportation and timely report the tracking goods in transit to Party A. In case of any abnormality, Party A shall
timely notify the personnel designated by Party A and cooperate with Party A to deal with it.

 

5.3 Party B has the right to
collect freight, miscellaneous fees and other relevant fees from Party A. If Party B fails to contact the consignee or the consignee refuses
to take delivery of the goods, Party B shall timely notify Party A and wait for Party A’s instruction before processing. At the same time,
Party B shall be responsible for keeping the goods to avoid any loss or loss of the goods. The storage expenses and all other expenses
(including transportation expenses, etc.) arising therefrom shall be borne by Party A.

 

    4

     

    

 

Article 6 Common Rights
and Obligations of the Parties

 

6.1 After the signing of this
Agreement, a good and effective docking mechanism shall be established to ensure the sound and effective implementation of the cooperation
contents. Both parties shall strictly require the staff to carry out the work seriously, and form the relevant work communication mechanism
and relevant system. For the staff who is not competent for the work, both parties can put forward the rectification and replacement opinions
to the other party.

 

6.2 Both parties shall take
a positive attitude and the principle of mutual benefit to consider the outstanding matters.

 

6.3 Either party shall have
the right to stop the other party from violating laws, regulations or relevant provisions agreed upon by both parties, and require the
breaching party to bear the liability for breach of contract or to bear the corresponding liability for compensation in accordance with
the management measures of the non-breaching party. The non-breaching party shall have the right to claim compensation from the breaching
party in case of damage to the interests and reputation of the non-breaching party caused by user complaints or news exposure.

 

Article 7 Freight Risks

 

In case of loss during the
transportation of the goods, both parties shall actively communicate and cooperate with each other upon receiving the feedback, and promptly
handle the abnormality. As for the compensation for loss of the goods, both parties agree to proceed according to Mode II as follows.

 

□ Mode 1. Insured
transportation: For the freight entrusted by Party A to be carried by Party B, Party A shall specify the value of the freight when
placing an order in the system, and Party B shall calculate the insured price according to the insurance rate______ agreed by both parties,
increase the freight accordingly, and insure the freight on the platform. Party B shall be liable for compensation arising from damage
or loss of the goods in the course of transportation. The amount of compensation shall be the lower of the value of the goods defined
by the system at the time of placing the order, and the sales value of the goods or the value of the goods determined by Party A’s customer.
Regarding the compensation standard for the loss of the goods, Party B shall be liable for the direct loss of the goods caused by the
following circumstances in case of loss of the goods carried by Party B:

 

Ordinary goods (not unpacked
or second-handed) are subjected to earthquake, tsunami, subsidence, cliff collapse, landslide, mud-rock flow, flood, lightning, hail,
and storm of magnitude 8 or above with meteorological certificate; Breakage of the goods, breakdown of the package or damage to the container
caused by collision or extrusion; Subjected to rain while in transit; Accidents occurring during normal loading and unloading or handling
of the goods cause direct losses of the goods to be transported.

 

Fragile goods, bulky goods,
fresh goods such as fruits and vegetables, live animals, poultry and fish, plants and all naked goods, returned or repaired goods or second-hand
goods due to fire or explosion; Direct loss of the goods to be carried as a result of collision or overturning of the means of transport.

 

When placing an order, Party
A shall specify the value of the goods according to the actual value of the goods. If the stated value of the goods is less than the actual
value, Party A shall be responsible for the difference in the proportion of indemnity paid by the insurance company insured by Party B
in the event of claim settlement.

 

If the direct loss of the goods
is not caused by the above circumstances, Party A shall bear the responsibility and Party B shall not be liable for compensation. In case
of damage to the packaging of the goods to be transported by Party B, Party B shall only bear the cost of replacing the packaging of the
goods by Party A.

 

☑ Mode 2: General
transportation: Party A shall purchase insurance on its own for the goods to be shipped by Party B as entrusted by Party A. The risks
and losses arising from damage or loss of the goods in the course of transportation shall mainly be settled by Party A to the insurance
company, and the limitation for Party B to bear and pay the related losses shall be limited to the freight collected by Party B for such
transportation.

 

    5

     

    

 

Article 8 Freight settlement
and invoice issuance

 

8.1 Transportation fee collection:
Party B shall charge Party A the cost and profit transparently for each shipment, that is, Party B shall transparently pay Party A the
freight to the actual carrier for each shipment, and 4.9% of the total freight charged to Party A for such shipment shall be Party B’s
transportation service difference (” Transportation Service Difference “).The remaining part shall be settled online and transferred
to the actual vehicles to be shipped, and the payment record shall be transparent to Party A. If Party A chooses insured transportation,
the final freight shall be increased according to the actual insured cost of the goods, and the specific freight for each bill shall be
subject to the system waybill.

 

8.2 Reconciliation: After the
delivery of orders in the system is completed, both parties shall take the valid electronic documents uploaded by the driver on the platform
(including the delivery bill, receipt, etc.) as the review basis, and conduct freight verification and reconciliation in the system based
on the waybill.

 

8.3 Settlement period: The
settlement method and period of each order shall be subject to the specific transportation contract or receipt signed by both parties
through consultation with the actual carrier vehicle.

 

8.4 Settlement method:

 

8.4.1 Both parties agree that
Party A shall, after verifying the receipt of the goods on the waybill, pay the freight payable to Party B to the account designated by
Party B, and then trigger an instruction to Party B that the waybill can be settled in the system. Upon receipt of the instruction, Party
B’s system will automatically pay the freight payable to the carrier vehicle.

 

8.4.2 In order to obtain high
service quality and long-term honest cooperation, both parties shall ensure the timeliness and integrity of the freight paid to the driver.
Both parties agree that the process of freight payment from Party A to Party B and then to the actual carriage shall be carried out in
the following method:

 

☑   Method 1: Party
A shall first pay the cost of the waybill to the system account designated by Party B, and then trigger the settlement instruction of
the waybill in the system, and let Party B pay the freight due to the driver to the driver’s account.

 

☑   Method 2: Party
B introduces the financial institutions cooperating with Party B to provide financial factoring services for Party A. Within the credit
line of the financial institutions, Party A may not pay the freight to Party B in advance, but directly trigger the waybill settlement
instruction in the system, and the credit granting financial institutions shall pay the funds payable to Party B to the system account
designated by Party B in advance, Party B’s system will automatically pay the driver the freight payable. Party A shall pay the freight
paid by the financial institution to Party B before the advance payment of the financial institution is due, and trigger the repayment
instruction in the system, and Party B’s system will automatically transfer the funds to the corresponding financial institution.

 

8.4.3 If Party A and Party
B agree to settle in Method 2 in the preceding paragraph, Party A agrees that Party B shall advance the transportation expenses for Party
A (“prepaid freight service”), and Party B shall make settlement directly to the actual carrier driver on behalf of Party A
by means of the following prepayment or / and payment on arrival (fill in prepayment or / and payment on arrival here, single choice or
double choice, and check below) to settle and make payment to the actual carrier driver (only for the actual driver to charge the corresponding
freight)

 

☑   Prepayment: Party
B shall, on behalf of Party A, prepay the freight of no more than 30% (30%) of the total freight to the actual carrier driver in the form
of oil products (including but not limited to refined oil and refueling stored value card) as the advance payment.

 

☑   Payment on arrival:
when Party A triggers the order of waybill settlement in the system platform designated by Party B, Party B shall first pay the freight
payable to the actual carrier driver to the system account designated by Party B, and then the system platform designated by Party B shall
automatically pay the freight payable to the actual carrier driver to the specific driver.

 

    6

     

    

 

8.4.4 Both parties agree that
when Party A uses the prepayment service, Party B will not charge Party A the transportation service price difference corresponding to
the prepayment amount.

 

8.4.5 Settlement cycle of prepayment
or / and Payment on arrival: for the single freight paid by Party B for Party A in the current month, 15 natural days shall be taken as
a settlement cycle (“settlement cycle”).

 

8.4.6 If the date of single
advance payment of freight is between the 1st day and the 15th day of the current month, the 16th day of the current month is the current
billing day (“billing day”), the freight paid between the 1st day and the 15th day of the current month is included in the current
statement (“statement”), and the period from the 16th day to the 20th day of the current month is the free service charge period
(“free service charge period”); During this period, both parties shall summarize and settle all the expenses in the waybill
before the current billing date before the 20th of the current month, and Party A shall pay Party B all the expenses in the waybill in
time.

 

If the date of single advance
payment of freight is between the 16th day and the last natural day at the end of the current month, the 1st day of the next month is
the current billing day (“billing day”), the freight paid between the 16th day and the last natural day at the end of the current
month is included in the current statement (“statement”), and the period from the 1st day to the 5th day of the following month
is the free service charge period (“free service charge period”); During this period, both parties shall summarize and settle
all the expenses in the waybill before the current billing date prior to the 5th of the following month, and Party A shall pay all the
expenses in the waybill to Party B in time.

 

8.4.7 If the settlement and
payment time exceeds free service charge period due to Party A’s own reasons, it shall be deemed that Party A is overdue. Party A guarantees
to pay Party B service fee (service fee) at the rate of 0.05% (0.05% per ten thousand) per day from the date of the freight advance payment,
based on the amount of single overdue freight, in addition to repaying the above overdue freight principal; In addition, Party B shall
suspend the obligation of issuing invoice to Party A for overdue freight waybill, and shall have the right to take necessary countermeasures
and disposal measures according to the situation. If Party A timely pays the overdue freight principal and the corresponding service fee
within a reasonable period of time, Party B may issue a special VAT invoice for the total freight paid by Party A to Party B.

 

8.4.8 Party A guarantees that
the overdue service fee, liquidated damages, compensation and expenses for realizing the creditor’s rights (including but not limited
to the case acceptance fee, other litigation expenses, lawyer’s fees, notarization fees, property preservation fees, appraisal auction
fees, execution fees, travel expenses, etc.), damages incurred due to Party A breach of contract and all other payable expenses, should
be borne by Party A.

 

8.5 Invoicing: Party B shall
issue value-added tax invoices for the total freight paid by Party A to Party B.

 

8.6 Party B’s designated freight
settlement system account is as follows:

 

Bank: China Everbright Bank,
Hefei Branch

 

Account name: Anhui Luge Transportation
Co., Ltd

 

Account number: The actual
freight account number issued by each branch of Party A shall prevail

 

Article 9 Terms of Use of
Platform System

 

Both parties agree that Party
A shall use the “luge guanchebao” system platform owned by Party B’s affiliated company (Hefei Weitian Yuntong Information Technology
Co., Ltd.) as the intellectual property right owner to interact with Party B, and . The agreement of using the system shall be separately
signed by Party A and Party B’s affiliated company.

 

Article 10 Both parties
further agree

 

10.1 The freight increase caused
by force majeure, such as the state’s regulation of the three excesses, bridge and tunnel policies, highway fees, traffic control of routes,
height limit, changes in driving routes, fuel charges, and changes in national policies, shall be negotiated by the two parties on a certain
extent.

 

    7

     

    

 

10.2 If either party changes
its business operation mode, the parties shall negotiate actively to sign a new contract or supplementary agreement according to the new
mode; If no agreement can be reached through negotiation, this contract shall be terminated and neither party shall bear the liability
for breach of contract.

 

10.3 In view of the importance
and management requirements of the agreement, both parties agree to supplement and generate an electronic contract for goods transportation
(including but not limited to the data and waybill generated by the system platform of Party B and Party B’s affiliated company) before
the 5th of the following month according to the actual transportation amount and volume completed in the current month as an indispensable
annex to this agreement. Both parties agree that this electronic contract and this agreement or all documents related to the performance
of this Agreement constitute an integral whole and have the same legal effect (no matter whether both parties sign or seal this electronic
contract).

 

10.4 Both parties shall establish
a scientific, reasonable and effective data and fund checking mechanism to ensure the accuracy and security of data and fund. Both parties
shall provide each other with convenience for relevant inquiries. If either party has any objection to the fund transfer, it may request
the other party to cooperate with it for verification, but it shall not affect the subsequent business work.

 

10.5 Within the scope of cooperation,
both parties shall designate corresponding specialized organizations or personnel to conduct business communication and handle daily business
work in the same business category or level. Such as: data handover, contract management, system reconciliation, bill management, etc.

 

10.6 Each party shall separately
verify the data uploaded or distributed by the other party in the prescribed manner to confirm the authenticity, validity and integrity
of the data source.

 

10.7 Both parties shall check
relevant business data and fund information on a monthly basis. Party B shall provide Party A with the settlement data provided by Party
B’s system platform to verify the settlement data and financial receipt data of the platform. The verification shall be conducted on a
daily basis. Both parties shall check and confirm the bill data and fund receipt data of the platform from the previous natural day.

 

10.8 Party B shall be responsible
for the authenticity, validity and accuracy of the platform data provided.

 

10.9 Exception handling mechanism:
Party A and Party B shall formulate an exception handling mechanism for abnormal situations and implement it in strict accordance with
the exception handling mechanism. If any loss is caused by failure to implement the exception handling mechanism, the other party shall
compensate the other party for all losses.

 

Article 11 Representations
and Warranties

 

The parties to this Agreement
make the following representations and warranties:

 

11.1 Both parties are legally
established and validly existing institutions with the capacity for civil rights and civil conduct corresponding to the execution and
performance of this Agreement.

 

11.2 Both parties have completed
the external approval and internal authorization procedures required for the execution of this Agreement. This Agreement is signed by
the authorized signatories of Party A or Party B, and this Agreement shall be legally binding upon Party A and Party B upon execution.

 

11.3 Party A warrants that
it has carefully read this Agreement before signing this Agreement, has an accurate understanding of the legal meaning of the terms of
rights, obligations and responsibilities between the parties, and has no objection to all terms of this Agreement.

 

11.4 If the execution of this
Agreement or the performance of the transactions set forth herein requires authorization, approval or consent of Party A or Party B from
the relevant government authorities, Party A or Party B warrants that such authorization, approval or consent has been obtained and that
such authorization, approval or consent shall continue to be in full force and effect.

 

    8

     

    

 

11.5 Both parties warrant that
the execution of this Agreement or the performance of the transactions set forth herein will not violate the laws and other relevant regulations
in force, nor will it be in conflict with other binding legal documents signed or other transactions entered into.

 

11.6 All representations and
warranties set forth herein shall be deemed to be made by Party A or Party B at any time during the period from the date of execution
hereof to the date of termination or completion of performance hereof based on the prevailing facts and circumstances at such time.

 

Article 12 Confidentiality

 

12.1 Both parties shall be
responsible for the signing of this agreement, the content and performance of this agreement, and any documents in any form provided by
either party in connection with the following matters received or obtained as a result of the signing of this Agreement (or any other
agreement entered into in accordance with the provisions of this Agreement) The information and other information (whether technical or
commercial) (“confidential information”) shall be kept strictly confidential, and shall not be disclosed or used to any third
party other than the regulatory authorities, and shall not be used for any purpose other than the purpose of this agreement.

 

12.2 Both parties agree to
further take all reasonable efforts and precautions to prevent any of their affiliates, employees or any other personnel and employed
intermediaries and enterprises from obtaining and/and using or/and disclosing any of the above Confidential Information without authorization.

 

12.3 This Confidentiality Clause
shall not prohibit the disclosure or use of Business Confidential Information in the following ways and to the extent that:

 

12.3.1 Disclosure to the professional
consultants engaged by both parties for the purpose of signing and performing this Agreement;

 

12.3.2 Disclose or use Business
Confidential Information in accordance with relevant laws and/or regulations or requirements of regulatory authorities of both parties
hereto;

 

12.3.3 Required to be disclosed
or used for the purpose of any judicial, arbitration or other similar proceedings in connection with this agreement or any other agreement
entered into under this agreement.

 

12.4 Both parties agree that
this confidentiality clause shall be binding on both parties regardless of whether this agreement is changed, suspended, rescinded or
terminated, unless the obligee of the relevant confidential information agrees in writing that the other party rescinds the confidentiality
obligation; Or such confidential information has entered the public domain and become known to the public not due to one party’s breach
of this Agreement; Or there may be circumstances in which confidentiality obligations and responsibilities can be exempted according to
the law.

 

12.5 The obligation of confidentiality
shall continue from the date of signing this Agreement until such information is made public or with the permission of the Disclosing
Party, and shall not be affected by the termination of this Agreement.

 

12.6 If either party discloses
the secrets of the other party in violation of provisions hereof, the breaching party shall indemnify the non-breaching party for all
losses caused thereby.

 

Article 13 Default 

 

13.1 The breaching party shall
be deemed to be in breach under the following circumstances (” Event of Default “) :

 

13.1.1 Breach of any obligation
or commitment under this Agreement;

 

13.1.2 Representations and
warranties made in this Agreement are inaccurate or misleading (whether in good faith or bad faith).

 

    9

     

    

 

13.2 In the event of any of
the foregoing breaches, the non-breaching party shall have the right to require the breaching party to make corrections within ten (10)
natural days; If the breaching party fails to make corrections within the prescribed time, the non-breaching party shall have the right
to terminate this Agreement. In addition, subject to the other provisions of this Agreement, the breaching party shall indemnify the non-breaching
Party Against all claims, losses, liabilities, indemnities, costs and expenses directly or indirectly caused to the non-breaching Party
By the breaching party.

 

13.3 The breaching party shall
indemnify the other party for all losses caused by its breach, including the benefits to be obtained after the performance of this Agreement,
but not in excess of the possible losses caused by the breach which could or should have been foreseen by the breaching Party At the time
of conclusion of this Agreement.

 

13.4 If either Party Breaches
the contract and causes the other party to realize the creditor’s right through litigation, the breaching party shall bear the reasonable
expenses paid by the other party for this purpose, including but not limited to case costs, other litigation costs, lawyer’s fees, notarization
fees, execution fees, travel expenses, etc.

 

Article 14 Termination Clause

 

Either party has the right
to unilaterally terminate the performance of this Agreement in case of any of the following:

 

14.1 Party B’s supervisor units
or regulatory authorities issue policies or request in writing to stop the cooperation business hereunder.

 

14.2 Any new applicable laws
or normative documents issued by government or regulatory authorities, or any new interpretation or modification of existing applicable
laws or normative documents, resulting in the failure to carry out the business of this cooperation or the failure of any party to obtain
all its interests under any important terms of this agreement.

 

14.3 In case of breach by either
party, the non-breaching party shall terminate the Agreement in accordance with Article 13.2 hereof.

 

14.4 The termination and/or
rescission of this Agreement shall not affect the right of either party to claim damages from the other party.

 

Article 15 Notice and Service

 

Notices or other correspondence
given by either Party to the other Party (hereinafter collectively referred to as “correspondence”) shall be delivered by hand,
express mail or registered mail in accordance with the contact information of the other Party as set forth herein and shall be effective
upon delivery under the following conditions:

 

15.1 If the service is delivered
by hand, the service shall be deemed to have been delivered on the date of delivery by hand.

 

15.2 If sent by express mail
or registered mail, the date of receipt signed by the addressee shall be regarded as the date of delivery; If the addressee fails to sign
for the receipt, it shall be deemed to have been delivered on the 7th natural day after the date of mailing.

 

15.3 If the above methods are
adopted at the same time, the one that reaches the other party faster shall prevail.

 

15.4 If the contact person
or the contact information of the contact person under this Agreement changes, the changing party shall promptly notify the other party
in writing. Documents sent by the other party in accordance with its contact information prior to the receipt of the notice of change
shall be deemed valid.

 

    10

     

    

 

15.5 The form of correspondence
documents shall also include page announcement or information push on the system platform of Party B and/or Party B’s affiliates, system
platform announcement, email sent to Party A, mobile or PC client push information, system platform information, mobile phone SMS and
other electronic means; A notice is deemed to have been given on the day it is sent by electronic means.

 

15.6 Both parties agree that
the court, arbitration institution or other dispute resolution institution may serve legal documents to the other party in accordance
with the contact information set forth herein.

 

Article 16 Force Majeure

 

16.1 Force Majeure referred
to in this Agreement refers to objective circumstances that are unforeseeable at the time of signing this Agreement, unavoidable to both
parties and insurmountable to its consequences. Such objective circumstances include but are not limited to policy changes, earthquakes,
typhoons, floods, fires, wars, strikes, riots, hacker attacks or any other unforeseeable, avoidable or controlled events, including objective
circumstances that are generally considered as force majeure in international business practices.

 

16.2 In the event of force
majeure, either party’s obligations under this Agreement which are affected by the force majeure event shall be automatically suspended
during the delay caused by the force majeure event, and the performance period shall be automatically extended. The extended period shall
be the period of suspension, for which the party shall not be liable for breach of contract.

 

16.3 In the event of Force
Majeure, the Parties shall immediately enter into consultations to seek a just solution and shall make all reasonable efforts to minimize
the impact of the Force Majeure.

 

Article 17 Application of
Law and Dispute Resolution

 

17.1 The conclusion, effectiveness,
interpretation, amendment, supplement, termination, execution and dispute resolution of this Agreement shall be governed by the laws of
the People’s Republic of China (only for the purpose of this Agreement and for the avoidance of doubt, excluding the laws of Hong Kong
Special Administrative Region, Macao Special Administrative Region and Taiwan).

 

17.2 Both parties undertake
that they shall, in the first place, make every effort to overcome difficulties and ensure the performance of this Agreement in connection
with any dispute or dispute related to this Agreement. If the actual performance or proper performance has insurmountable difficulties
and it is necessary to modify or rescind the agreement, it shall negotiate with the other party within the legal provisions or a reasonable
time limit. If no agreement can be reached through negotiation, the plaintiff may file a lawsuit (including application for payment order)
to the people’s court that has jurisdiction over the plaintiff’s domicile (the domicile refers to the actual place of business of both
parties, which is recognized by both parties as the location of the main office and the actual place of residence of the company).

 

17.3 In the course of negotiation
or litigation, the parties hereto shall still perform the provisions not involved in the disputed parts of this Agreement.

 

    11

     

    

 

Article 18 Establishment,
Effectiveness and Term of the Agreement

 

18.1 This Agreement shall come
into force from the date when the legal or authorized representatives of both parties sign and affix official seal or contract seal.

 

18.2 This Agreement shall come
into force upon its establishment.

 

18.3 The term of cooperation
hereunder shall be from Sept. 1, 2020 to August 31, 2021 (Cooperation Term).

 

18.4 Within one month prior
to the expiration of the term of cooperation agreed herein, both parties shall conduct friendly consultations on whether to renew the
Agreement; If by the expiration date of the term of cooperation agreed herein, neither party has expressed written intention to terminate
this Agreement, this Agreement shall be deemed to be automatically renewed for one year. After the expiration of the term of the agreement
after automatic renewal, the automatic renewal shall continue if the above-mentioned automatic renewal conditions are met.

 

Article 19 Independence

 

The validity of each clause
of this agreement is independent. In case of any change in national laws, government directives or judicial practice, which makes any
clause of this agreement illegal, invalid or unenforceable, the legality, validity and enforceability of any other clause of this Agreement
shall not be affected, but the illegal, invalid or unenforceable clause shall not be affected Unless the invalid or unenforceable provisions
seriously damage the fundamental intention and meaning of other parts of this agreement.

 

Article 20 Other matters

 

20.1 For matters not covered
herein or for modification hereof, both parties may negotiate and enter into a supplementary agreement separately. The supplementary agreement
shall be an integral part of this agreement and shall have the same legal effect as this agreement; If the Supplementary Agreement is
inconsistent with this Agreement, the Supplementary Agreement shall prevail.

 

20.2 Appendixes to this Agreement
(including other legal documents based on the appendixes, electronic statement generated on Party B’s system platform, etc.) shall form
an integral part of this Agreement and have the same legal effect as this Agreement.

 

20.3 All written correspondence
under this Agreement (including but not limited to notice, notice and description) shall form an integral part of this Agreement and have
the same legal effect as this Agreement.

 

20.4 The Agreement is made
in quadruplicate, with each party holding two copies and each copy having the same legal effect.

 

20.5 Place of signing this
Agreement: Hefei High-tech Industrial Development Zone, China.

 

(No text below)

 

    12

     

    

 

IN WITNESS WHEREOF,
the parties hereto have executed this Agreement on the date first above written.

 

Party A: Shengfeng Logistics
Group Co., Ltd.

 

Legal or authorized representative:
/s/ Gao Hanbing

 

Party B:Hefei
Weitian Yuntong Information Technology Co., Ltd

 

Legal or authorized
representative: /s/ Yao Shumeng

 

  

 

13

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