Document:

Exhibit 10.4

 

[2019] L.L.N.S.H.L.J.Z.
No. 172292019092610030001

  

Working Capital Loan Contract

  

Borrower Jiangxi Universe Pharmaceuticals
Commerce and Trade Co., Ltd.

  

Credit Rating
                                                                                  

  

Lender Jiangxi
Luling Rural Commercial Bank Co., Ltd.

  

		Jiangxi Rural Commercial Bank

  

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Special Notice:
This Contract is entered into by and between the Borrower and the Lender through negotiation on the basis of equality and free
will. All the terms and conditions hereof represents the true intention of both parties. In order to protect the legitimate rights
and interests of Borrower, the Lender hereby requests the Borrower to give full attention to all provisions concerning the rights
and obligations of the parties, especially those shown in bold.

 

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Working Capital Loan Contract

 

[2019] L.L.N.S.H.L.J.Z.
No. 172292019092610030001

 

 

Borrower: Jiangxi Universe Pharmaceuticals
Commerce and Trade Co., Ltd.

Business License No.: 913608215508749684

Legal Representative / Person in Charge:
LAI Gang

Business Address:
Jingjiu Avenue, Jinggangshan Economic and Technological Development Zone, Ji’an Country

Mailing Address: The same as above

Postal Code: 343100  Tel.: 13970661293

Electronic Contact Information:                                        

 

Lender: Jiangxi Luling
Rural Commercial Bank Co., Ltd. 

Legal Representative / Person in Charge:
PENG Yue

Business Address: No. 205 Fuchuan
Road, Ji’an County

Postal Code: 343100

Tel.: 8435534  Fax:                                            

 

Pursuant to the laws
and regulations of the People's Republic of China and other relevant regulations, the Borrower and the Lender, on the basis of
equality through negotiations, have reached an agreement with respect to the matter that the Lender grants a working capital loan
to the Borrower, and hereby execute this Contract.

 

Chapter 1 Execution Provisions

 

Article 1 Loan
Amount

 

Loan Amount (in words):
CNY Eight Million.

(In Figures)
CNY 8,000,000.00.

 

The loan amount under
this Contract is: £revolving borrowing limit R
non-revolving loan amount.

 

Article 2 Loan
Term

 

The valid loan term
under this Contract shall be: 12 months from September 26, 2019 to September 25, 2020.

  

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£
In the event that the loan amount hereunder is a revolving borrowing limit, the term of borrowing limit shall be the same as the
valid loan term as agreed herein. The term of each loan shall be subject to the term recorded in the loan note.

 

R
In the event that the loan amount hereunder is a non-revolving borrowing limit, the loan term shall be the same as the valid loan
term as agreed herein. The specific loan term shall be subject to the term recorded in the loan note.

 

Article 3 Loan
Purpose

 

The loan borrowed hereunder
shall be used for turnover of company’s working capital .

 

Without the written
consent of the Lender, the Borrower may neither change the loan purpose nor use the loan for any other purposes. The Lender shall
have the right to supervise the Borrower's use of the loan.

 

Article 4 Loan
Interest Rate, Interest Calculation and Settlement

 

1. Loan Interest Rate

 

The method as described
in following Item (2) shall apply for the determination of loan interest rate:

 

(1) Fixed Interest Rate.
In other words, the annual interest rate shall be ____%. The interest rate shall remain unchanged during the term of this Contract.

 

(2) Floating Interest
Rate. The loan interest rate shall be determined by the benchmark interest rate plus the floating range. The benchmark interest
rate shall be the benchmark loan interest rate of the People's Bank of China on withdrawal date corresponding to the loan term
stipulated in Article 2. The floating range shall be 30% (R
higher than / £ lower than / £
the same to) the benchmark loan interest rate (only select one), and the floating range shall remain unchanged during the term
of this Contract. In case of any adjustment to the benchmark loan interest rate and the loan interest rate determination method
made by the People's Bank of China, the manner as described in the following Item 2
shall apply and the Lender will not give a further notice to the Borrower:

 

1
From January 1 of the next year, the loan interest rate shall be adjusted, on the basis of the benchmark loan interest rate over
the new same period, in accordance with the floating ratio agreed herein;

 

2
From the effective date of the interest rate adjustment by the People's Bank of China, the loan interest rate shall be adjusted,
on the basis of the new benchmark loan interest rate, in accordance with the floating ratio agreed herein;

 

3With
respect to a disbursed loan, in case of any adjustment to the interest rate made by the state, the loan interest rate shall not
be adjusted.

 

(3) The loan interest
rate shall be determined by other methods: _________________________________________________.

 

2. Interest Settlement
Method

  

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The Borrower will settle
the interest in a method as described in following Item (2):

 

(1) Quarterly Interest
Settlement. The 20th day of the last month of each quarter shall be the interest settlement date, and the 21st day shall be the
interest payment date.

 

(2) Monthly Interest
Settlement. The 20th day of each month shall be the interest settlement date, and the 21st day shall be the interest payment date.

 

(3) The interest shall
be settled by other methods: _______________________________.

 

In the event that the
repayment date of the last installment of loan principal is not the interest payment date, such repayment date of the last installment
of loan principal shall be the interest payment date on which the Borrower shall pay off all the interests payable.

 

3. Penalty Interest
Rate

 

(1) In the event that
the Borrower fails to repay the loan within the agreed time limit, interest shall be calculated and charged over the overdue part
at the penalty interest rate for overdue loan from the overdue day, until the principal and interest are paid off;

 

(2) In the event that
the Borrower uses the loan for any purposes other than those agreed herein, interest shall be calculated and charged over the misappropriated
part at the penalty interest rate for misappropriated loan from the misappropriation date, until the principal and interest are
paid off;

 

(3) In the event that
the loan is overdue and misappropriated, interest shall be calculated and charged at the penalty interest rate for misappropriated
loan;

 

(4) With respect to
the interest and penalty interest that the Borrower fails to pay as scheduled, compound interest shall be calculated and charged
at the penalty interest rate agreed in this paragraph in the interest settlement method as agreed in Paragraph 2 hereof;

 

(5) In case of any adjustment
to the loan interest rate agreed herein, the penalty interest and compound interest shall be calculated at the adjusted interest
rate from the adjustment date;

 

(6) Penalty Interest
Rate

 

The penalty interest
rate for overdue loan shall be 50% higher than the loan interest rate agreed in Paragraph 1 hereof; the penalty interest
rate for misappropriated loan shall be 100% higher than the loan interest rate agreed in Paragraph 1 hereof.

 

Article 5 Loan
Amount Payment Method

 

Loan Disbursement and
Repayment Account: the Borrower shall open an account as follows with the Lender as the loan disbursement and repayment account,
which shall be used for loan disbursement, payment and repayment.

 

Account-holding Bank:

 

Account Name:

 

Account Number:

 

Article 6 Repayment

 

Unless otherwise agreed
by the parties, the Borrower shall repay the loan hereunder in accordance with the repayment schedule as set forth in Item 1
below:

 

1. Repay the loan hereunder
in full upon the expiration of the loan term.

 

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2. Repay the loan hereunder
in accordance with the following repayment schedule:

 

	Repayment Time	Repayment Amount
	1.	 
	2.	 
	3.	 
	4.	 
	5.	 
	6.	 
	7.	 
	8.	 
	9.	 
	Total	 

 

3. Other Repayment Schedule:
____________________________________.

 

4. Where the Borrower
makes repayment in advance, it shall obtain the consent from the Lender ____ banking days in advance; where the Lender agrees that
the Borrower makes repayment in advance, the Lender shall be entitled to charge liquidated damages equivalent to ____ (£
____% of prepayment amount £ one month interest of remaining principal £
____% of remaining principal), in addition to the interest calculated and charged at the interest rate agreed herein for the actual
loan term.

 

Article 7 Guarantee

 

The loan hereunder
shall be a guaranteed (credit/guaranteed) loan. The guarantee type shall be guarantee (guarantee/mortgage/pledge),
and the guarantee contract shall be executed separately.

 

Article 8 Contract
Agreements on the Borrower's Financial Indicators:

 

1. _____________________________________________________

 

2. _____________________________________________________

 

3. _____________________________________________________

 

Article 9 Applicable
Law and Dispute Resolution

 

1. This Contract shall
be governed by the laws of the People's Republic of China.

 

2. After this Contract
takes effect, any dispute arising from the execution or performance hereof or in connection with this Contract shall be settled
by both parties through negotiation. If such negotiation fails, either party may file a lawsuit with the People's Court having
jurisdiction over the place of the Lender in accordance with the law.

 

3. During the dispute
resolution, in the event that the dispute does not affect the performance of the remaining provisions of this Contract, such remaining
provisions shall continue to be performed.

 

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4. After negotiation
between the parties, the parties may conduct notarization for the compulsory enforcement of this Contract. The Borrower agrees
that this Contract shall have the compulsory enforcement effect after it is notarized. In the event that the Borrower fails to
perform its obligations under this Contract, the Lender may apply to the People's Court having jurisdiction for compulsory enforcement
according to law.

 

Article 10 Effectiveness
of the Contract

 

This Contract shall
take effect from the date when the legal representatives (persons in charge) or authorized agents of the Borrower and the Lender
respectively affix their signatures or seals and the corporate seals hereto.

 

This Contract is made
out in duplicate, with the Borrower and the Lender holding one counterpart
each. Each counterpart shall have the same legal effect.

 

Article 11 Other
Agreements

 

________________________________________________________________________

 

________________________________________________________________________

 

________________________________________________________________________.

  

Chapter 2 Standard
Provisions

 

Article 12 Interest
Calculation

 

The interest shall be
calculated from the Borrower's actual withdrawal date and shall be calculated according to the actual withdrawal amount and use
days of loan.

 

Interest Formula: Interest
= Principal × Actual Days × Daily Interest Rate.

 

The daily interest rate
is calculated on a base of 360 days a year. Conversion Formula: Daily Interest Rate = Annual Interest Rate / 360.

 

Article 13 Withdrawal
Conditions

 

1. The Borrower
must meet the following conditions for withdrawal, otherwise the Lender shall have no obligation to disburse any loan to the Borrower,
unless the Lender agrees to disburse the loan in advance:

 

(1) The Contract and
its appendixes have become effective;

 

(2) The Borrower has
reserved to the Lender the Borrower's documents, receipts, seals, lists of persons and specimen signatures in relation to the execution
and performance of this Contract and filled in the relevant vouchers;

 

(3) The Borrower has,
according to the Lender's requirements, opened an account necessary for the performance of this Contract;

 

(4) The Borrower, within
3 banking days prior to the withdrawal, has submitted to the Lender the written withdrawal notice and the relevant supporting documents
for loan purpose which is consistent with the purpose as agreed herein, and has completed the relevant withdrawal procedures;

 

(5) The Borrower has
submitted to the Lender the resolution and letter of authorization of the board of directors or other competent authorities, which
agree to the execution and performance of this Contract;

 

(6) In accordance with
relevant regulatory provisions and management requirements of the Lender, if the loan exceeds a certain amount or meets other conditions,
the Lender shall, according to the Borrower's withdrawal application and payment authorization, pay the loan to the payment object
conforming to the purpose agreed herein in a manner of authorized payment by the Lender;

 

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(7) In addition to the
credit loan, the Borrower has provided the corresponding guarantee as required by the Lender and has completed the relevant guarantee
procedures, and the guarantee is legal and valid;

 

(8) The Borrower has
not breached this Contract or any other contracts executed by and between the Borrower and the Lender;

 

2. In the event that
the Borrower fails to make any withdrawal for 3 consecutive months from the contract execution date, the Lender shall be entitled
to cancel the borrowing limit.

 

Article 14 Special
Arrangements on Revolving Loan

 

1. During the term of
revolving borrowing limit, the sum of the loan principal balance of at any time shall not exceed the revolving borrowing limit;
the repayment date of any withdrawal shall not exceed the term of revolving borrowing limit.

 

2. The Lender shall
reasonably set the amount and term of each revolving loan according to the scale and cycle of the Borrower's production and operation.

 

Article 15 Loan
Amount Payment

 

1. The authorized payment
by the Lender means that the Lender pays the loan fund to the Borrower's counterparty in a transaction conforming to the purpose
agreed herein according to the Borrower’s withdrawal notice and payment authorization.

 

Payment of the Borrower’s
loan fund for which the amount of a single payment under this Contract exceeds the specified amount shall be made in a manner of
authorized payment by the Lender.

 

In the event of the
authorized payment by the Lender, the Borrower shall make express payment authorization and provide other necessary payment information
(including name of counterparty who receives payment, account number of such counterparty, and amount of payment) in the withdrawal
notice, and submit to the Lender the supporting documents for loan purpose such as business contracts required for the examination.
In this case, the Lender shall pay the loan fund to the counterparty of the Borrower via the Borrower’s account upon examination
and approval. In the event of the Lender’s failure to perform its obligation to pay upon authorization resulting from untruthfulness,
incorrectness, and incompleteness of the information of payment authorization and relevant transactions furnished by the Borrower,
the Lender shall not be held liable for such failure whatsoever and the Borrower’s obligation to repay under the Contract
shall not be affected. The Lender will make payment to the account of the Borrower’s counterparty in accordance with the
Borrower's withdrawal notice and the payment certificate as required by the Lender.

 

In the event that the
Lender, upon examination, discovers that the supporting documents for loan purpose such as business contracts furnished by the
Borrower fail to comply with the Contract or there is any other defects, the Lender shall be entitled to request the Borrower to
supplement, replace, explain or re-furnish such documents, and the Lender may suspend granting or paying of such loans until the
Borrower has furnished the supporting documents such as business contracts to the satisfaction of the Lender.

 

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In the event that the
account-holding bank of the counterparty returns such payments, resulting in the Lender’s failure to transfer such loans
to the Borrower’s counterparty as authorized by the Borrower in a timely manner, the Lender shall not be liable for such
failure whatsoever and the Borrower’s obligation to repay under the Contract shall not be affected. With respect to the funds
returned by the account-holding bank of the counterparty, the Borrower shall re-furnish the payment authorization and the supporting
documents for loan purpose such as business contracts required for the examination, and the Lender shall pay the loan fund to the
counterparty of the Borrower via the Borrower’s account upon examination and approval.

 

All the expenses incurred
by the payment of loan to the counterparty designated by the Borrower in a manner of authorized payment under this Contract shall
be borne by the Borrower. The Borrower shall pay the above expenses to the Lender at the time of the authorized payment of each
loan.

 

The Borrower shall not
violate the above provisions to dodge the authorized payment by the Lender by way of breaking up a large amount into several small
amounts.

 

2. Except for the cases
where the authorized payment by the Lender must be adopted as stipulated in the preceding paragraph, unless otherwise agreed by
both parties, payment of other loans shall be made by the Borrower itself, namely, after the Lender disburses the loans to the
Borrower’s account pursuant to the withdrawal application submitted by the Borrower, the Borrower pay by itself to the its
counterparty that complies with the purpose as agreed in the Contract.

 

In the event that the
Borrower needs to change the aforesaid repayment schedule, it shall submit a written application to the Lender 10 banking
days prior to the maturity date of the loan, and the changed repayment schedule is subject to the written confirmation by the Parties.

 

3. In the event that
the Borrower needs to extend the loan term agreed herein, it shall submit a written application to the Lender 30 banking
days prior to the maturity date of the loan, and the parties shall enter into a renewal agreement after the Lender approves the
extension. In the event that the Borrower's application for extension is not approved by the Lender, the Borrower shall still repay
the loan in full according to the repayment term agreed herein.

 

4. Unless otherwise
agreed by the Parties, if both the principal and the interests are overdue by the Borrower, the Lender shall be entitled to decide
on the sequences for repaying the principal or the interests; under the condition of installment repayment, if several mature installments
and overdue installments exist under this Contract, the Lender shall be entitled to decide the sequences for repaying any installment;
if several outstanding loan contracts exist between the Parties, the Lender shall be entitled to decide the sequences for repaying
any contract.

  

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5. The Borrower shall
repay the loan principal, interests and other amounts payable in full and on time according to provisions stated herein. The Borrower
shall, prior to the repayment date and each interest settlement date, deposit in full the current interests, principal and other
amounts payable to the repayment account opened with the Lender, and the Lender shall be entitled to collect the funds on the repayment
date or the interest settlement date or to request the Borrower to cooperate in handling the relevant transfer procedures. In the
event that the amount in the repayment account is insufficient to pay the full amount due from the Borrower, the Lender shall be
entitled to decide the sequences for repayment.

 

6. The Lender shall
be entitled to collect the loan in advance on the basis of the capital withdrawal of the Borrower.

 

7. Loan Note: The loan
note shall be an integral part of this Contract. In the event that there is no record in this Contract, or the loan amount, withdrawal
amount, repayment amount, borrow date and maturity date of the loan, loan term, loan interest rate and loan purpose as recorded
in this Contract is inconsistent with those recorded in the loan note, the loan note shall prevail.

 

Article 16 Guarantee

 

In the event that any
event occurs to the Borrower or the guarantor, and causes the Lender to believe that it may affect the performing capability of
the Borrower or the guarantor; or the guarantee contracts are deemed as invalid, canceled or resolved; or the performing capability
of the Borrower or guarantor may be affected due to the deterioration in their financial condition or that the Borrower and the
guarantor are involved in substantial lawsuit or arbitration or other reasons; or the guarantor breaches the guarantee contracts
or other contracts with the Lender; or the collateral value decreases or gets lost due to the devaluation, damage, lost or sequestration
of the collateral; the Lender shall be entitled to require, and the Borrower shall have the obligation to provide new guarantee,
supplement or replace the guarantor to guarantee the liabilities under this Contract.

 

Article 17 Representations
and Undertakings

 

1. The Borrower hereby
represents that:

 

(1) The Borrower is
a legal entity incorporated, registered and existing under the administration for industry and commerce or other competent authorities
and has full capacity of civil rights and conduct to conclude and perform the Contract.

 

(2) The Borrower executes
and performs this Contract out of true intension, has obtained all legal and valid authorizations required by the Borrower’s
Articles of Association and bylaws, and will not be in violation of any agreement, contract, or other legal documents with binding
force to the Borrower. The Borrower has obtained or will obtain all the required approval, consent, documentation or registration
for executing and performing this Contract.

 

(3) The Borrower is
in good faith and all the documents, financial statements, certifications and other information provided by the Borrower to the
Lender under this Contract are true, complete, accurate and valid, and free from false records, material omissions or misleading
statements. The financial and accounting reports provided to the Lender are prepared in accordance with Chinese accounting standards,
and truly, fairly and completely present the Borrower’s operating and liability condition.

 

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(4) The transaction
background that the Borrower represents to the Lender is real and legal, not for any illegal purposes such as money laundering.
The loan purpose and the source of repayment are clear and legal.

 

(5) The Borrower has
a good credit status, does not have material bad credit record, and does not conceal from the Lender any fact that may affect the
Borrower’s and the guarantor’s financial condition and performance capability. The Borrower does not conceal from the
Lender any litigation, arbitration or claim in which it is involved.

 

(6) The borrower has
repaid other debts payable as scheduled and has not maliciously defaulted on the payment of principal and interest of the bank
loan.

 

2. The Borrower hereby
undertakes that:

 

(1) The Borrower
shall withdraw and use the loan in accordance with the term and purpose agreed herein. The loan borrowed hereunder shall neither
be used for the investment in fixed asset and equity and other investments, nor flow into the securities market or the futures
market in any form, or be used for other purposes prohibited or restricted by relevant laws and regulations.

 

(2) The Borrower shall
deliver its financial statements (including but not limited to annual, quarterly and monthly reports) and other relevant documents
to the Lender on a regularly and timely basis in accordance with the requirements of the Lender; the Borrower shall ensure that
the financial indicators will comply with the Contract all the time. If the production and operation qualification/license is subject
to the annual audit, such qualification/license will pass the annual examination as scheduled.

 

(3) The Borrower shall
withdraw, repay and use the loan as stipulated herein.

 

(4) If the Borrower
has executed or will execute with the guarantor under this Contract a counter-guarantee agreement or similar agreement regarding
its guarantee obligations, this counter-guarantee agreement or similar agreement will not prejudice any Lender’s right under
this Contract.

 

(5) The Borrower shall
accept the credit inspection and supervision conducted by the Lender, and provide sufficient assistance and cooperation; from the
effective date of this Contract and prior to discharge of the principal and interests and related expenses hereunder, the Borrower
agrees and authorizes the Lender to monitor the account opened with the Lender, examine and analyze the Borrower’s production
and operation (including but not limited to the construction and operation of the Borrower’s projects), and make dynamic
monitoring on the income cash flow and overall fund flow of the Borrower; the Borrower shall accept and actively cooperate with
the examination and supervision made by the Lender on the usage of the loan funds including the loan purpose by account analysis,
proof inspection and site investigation, and make summary report in a periodic manner as required by the Lender.

 

(6) The Borrower’s
merger, division, decrease of capital, equity transfer, external investment, substantial increase of debt financing, transfer of
material assets and claims and other events which may have adverse effect on the solvency of the Borrower shall be subject to the
written consent of the Lender.

 

The Borrower shall give
a notice to the Lender within 7 days after it becomes or should have become aware of any of the following circumstances:

 

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A. Change of the Articles
of Association, business scope, registered capital, legal representative of the Borrower or the guarantor;

 

B. Change of management
mode such as joint management in any form, cooperation with foreign enterprises, cooperation, contracting management, reorganization,
reform and planned listing;

 

C. Involved in material
litigation or arbitration cases, sequestration, attachment or supervision of properties or collateral, or establishment of new
material liabilities on the collateral;

 

D. Winding up, dissolution,
liquidation, stopping business for rectification, cancellation, revocation of business license, (applied for) applying for bankruptcy;

 

E. Shareholders, directors
and current senior managers are suspected of being involved in material cases or economic disputes; or the legal representative/person
in charge and current senior executives are found to be in bad health or other material conditions that the they are unqualified
for their job;

 

F. Events of default
by the Borrower under other contracts;

 

G. Difficulty in business
operation and deterioration of financial position;

 

H. In the event that
the Borrower is closed, suspended, merged or changes the line of production due to change, restructuring and contracting or with
the approval of the competent departments, the Borrower undertakes to give a notice to the Lender in writing within one month prior
to the occurrence of the above events and to discharge all debts owed to the Lender immediately. Subject to the consent of the
Lender, the Borrower may transfer the debts to the receiving entity or the newly incorporated entity (The Borrower shall, in the
process of debt transfer, present and submit to the Lender the documents issued by its competent authority or the contract-issuing
party or relevant documents); however, the debt receiving entity must execute a new loan contract with Lender, and before the execution
of the new contract, the Lender shall have the right to recover the debts from the Borrower or its receiver at any time.

 

(7) Liquidation of the
debts owed by the Borrower to the Lender shall have priority to the loan extended by the shareholders of the Borrower, and precede
the debts of the same kind owed by the Borrower to other creditors. In addition, from the effectiveness of the Contract to the
time when all the principal, interests and relative fees under the Contract are paid off, the Borrower shall not return the loan
from its shareholders.

 

(8) In respect of the
loan hereunder, the loan conditions such as guarantee conditions, loan rate pricing, discharge sequence provided by the Borrower
for the Lender shall be no less than the current or future conditions provided for any other financial institution.

 

(9) The Borrower
shall bear the expenses incurred in connection with the execution and performance of this Contract and the expenses paid and payable
by the Lender for realization of its creditor's right hereunder, including but not limited to litigation or arbitration fees, property
preservation costs, attorney fees, enforcement fees, evaluation fees, auction fees, and announcement fees.

 

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(10) Account Management

 

A. The repayment account
opened by the Borrower with the Lender (the account stipulated in Article 5) is a special capital withdrawal account, which is
used to collect the corresponding sales revenue or the planned repayment fund. Where the corresponding sales revenue is settled
in a non-cash manner, the Borrower shall ensure that it will be promptly transferred into the capital withdrawal account upon receipt.

 

B. The Lender shall
have the right to supervise the capital withdrawal account, including but not limited to the understanding and supervision of the
fund income and expenditure of the account, and the Borrower shall provide relevant cooperation. At the request of the Lender,
the Borrower shall execute a special account supervision agreement with the Lender.

 

(11) The Borrower shall
dispose the assets in a manner that will not reduce its repayment capability. The Borrower undertakes that the total amount of
the Borrower’s external guarantee is equal to or less than _____ times of its net asset, and the total amount of external
guarantee as well as the amount of a single guarantee may not exceed the limit as stipulated in its Articles of Association; without
the consent of the Lender, the Borrower shall not provide guarantee to any third party or the loans borrowed by the Borrower from
any other financial institution with the assets formed by the loans under the Contract.

 

Article 18 Disclosure
of the Related-party Transaction within the Borrower

 

£
1. The Borrower is not identified by the Lender as the group client in accordance with the Guidelines on the Management of Risks
of Credits Granted by Commercial Banks to Group Clients (hereinafter referred to the “Guidelines”).

 

£
2. If the Borrower is identified by the Lender as the group client in accordance with the Guidelines, it shall report to the Lender
any of the related-party transaction in a timely manner.

 

£
3. The Borrower is subject to such events as major merger, acquisition or reorganization, which in the opinion of the Lender may
affect the safety of the loan.

 

Article 19 Breach
of Contract and Settlement

 

1. The Borrower shall
be deemed to have breached the Contract under any of the following circumstances:

 

(1) The Borrower fails
to perform the obligations of payment and liquidation to the Lender according to the stipulations of the Contract;

 

(2) The Borrower fails
to use the loan in a way stipulated in this Contract or fails to use the loan borrowed hereunder for the purpose stipulated in
the Contract; or the Borrower fails to go through the withdrawal procedures as scheduled according to the withdrawal plan, or changes
the withdrawal plan without the Lender's consent; or the Borrower is in violation of this Contract and dodges the authorized payment
by the Lender by way of breaking up a large amount into several small amounts;

 

(3) The Borrower provides
an untrue representation or violates the undertaking it made in this Contract;

 

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(4) If any circumstance
under Subparagraph 2(6) of Article 17 arises, and the Lender believes that may affect the financial condition and performing capability
of the Borrower or guarantor, but the Borrower refuses to provide new guarantee or change a guarantor according to this Contract;

 

(5) The Borrower violates
any stipulation under any other contract between the Borrower and the Lender; the Borrower violates any stipulation under any Credit
Extension Contract between the Borrower and any other financial institution;

 

(6) The guarantor violates
the stipulations of the guarantee contract, or any default events arise under other contract between the guarantor and the Lender;

 

(7) The Borrower closes
down or is dissolved, withdraw or bankrupted;

 

(8) Where the Borrower
involves in or possibly involves in material economic disputes, litigation, arbitration, or its capital is sealed up, seized or
enforced for execution, or the administrative organs such as judicial organs or taxation authorities, and industrial and commercial
administration file for investigation or adopt punishment measures on the Borrower according to law which has influenced or may
influence the performance of the liabilities under this Contract;

 

(9) Where the main individual
investors and key managerial personnel of the Borrower are changed abnormally, disappear or are investigated or the personal freedom
thereof is limited by judicial organs according to law which has influenced or may influence the performance of the liabilities
under this Contract;

 

(10) Where the credit
circumstances of the Borrower lowers or finance indexes of the Borrower such as profitability, debt-paying ability, operating capacity
and cash flow seriously deteriorate and break through the index binding of this Contract or other financial agreements;

 

(11) The Borrower takes
advantage of the false contracts between the Borrower and the affiliated party to obtain funds or credit from the Lender through
transactions without true transaction background, and the affiliated party is subject to such events as major merger, acquisition
or reorganization which in the opinion of the Lender may affect the safety of the loan; or the Borrower intends to evade the creditor's
right of the Lender through related-party transactions;

 

(12) The Borrower causes
any liability accident due to its violation of food safety, production safety, environmental protection and other relevant laws
and regulations, regulatory provisions or industrial standards which has influenced or may influence the performance of the liabilities
under this Contract;

 

(13) In the event that
the loan under this Contract is granted on the basis of credit, the Borrower's credit rating, profitability, asset-liability ratio,
net cash flow from operating activities and other indicators do not meet the Lender's credit loan conditions; or the Borrower,
without the written consent of the Lender, establishes mortgage/pledge guarantee or provide guarantee to others with its valid
operating assets, which has influenced or may influence the performance of the liabilities under this Contract;

 

(14) Other circumstances
that may have adverse effect on the realization of the creditor's rights of the Lender under this Contract.

 

    14

     

    

 

2. When the aforesaid
breaches arise, as the case maybe, the Lender may take any or all measures as follows:

 

(1) Require the Borrower
and guarantor to rectify their breach within time limit.

 

(2) Decrease, suspend
or terminate all or part of the credit lines of the Borrower.

 

(3) Suspend or terminate
all or part of the business application (such as withdrawal) of the Borrower under this Contract or other contracts between the
Borrower and the Lender; partly or totally suspend or cancel to issue, pay and transact the unissued loans.

 

(4) Declare that all
or part of the outstanding principal and interest of the loan and other amounts payable of the Borrower under this Contract and
other contracts between the Borrower and the Lender shall become due immediately.

 

(5) Negotiate with the
Borrower to supplement the terms of loan issuance and payment; or the Lender shall have the right to change the loan disbursement
and payment conditions in accordance with the credit status of the Borrower such as lowering the minimum amount of authorized payment
of the Borrower; or the Lender shall have the right to transfer back the loan fund which the Borrower has paid for default.

 

(6) Terminate or dissolve
this Contract, partly or totally terminate or dissolve other contracts between the Borrower and the Lender.

 

(7) Require the Borrower
to compensate the Lender for the Lender’s loss caused by the Borrower’s default.

 

(8) Deduct from the
Borrower’s account which is opened in the Lender with notice before or after the deduction, so as to discharge all or part
of the Borrower's debts to the Lender hereunder. The undue deposit in the account shall be deemed to become due in advance.

 

(9) Exercise security
interest and require the guarantor to take guarantee responsibility.

 

(10) In the event
that the Borrower fails to repay the principal, interest (including penalty interest and compound interest) or other amounts payable
as scheduled, the Lender shall have the right to make an announcement for collection through the media or other forms.

 

(11) Have the right
to deduct and debit the deposits and dividends within any account opened by the Borrower with the Lender, and to dispose of the
Borrower's equities.

 

(12) Other measures
deemed necessary and possible by the Lender.

 

Article 20 Reservation
of Rights

 

Any failure by a party
to exercise all or part of its rights hereunder or to require the other party to perform or assume all or part of obligations or
responsibilities shall not constitute a waiver of such rights or release of the obligations and responsibilities of such party.

 

Any tolerance, grace
or postponement for exercising the rights under this Contract of one Party shall not affect its rights stipulated by this Contract,
laws and regulations, and shall not be deemed as a waiver of such rights.

 

    15

     

    

 

Article 21 Confidentiality

 

Each party undertakes
to keep confidential the trade secrets, technical information, business information and other business secrets obtained from the
other party which are not available through public channels. Without the consent of the original provider of the trade secret,
neither party shall disclose all or part of the trade secret to any third party, unless otherwise stipulated by laws and regulations
or otherwise agreed by both parties.

 

In the event that either
party is in violation of the aforesaid confidentiality obligation, it shall assume the corresponding liability for breach of contract
and compensate for the losses caused thereby.

 

Article 22 Force
Majeure

 

The term Force Majeure
as specified in this Contract refers to the objective events that cannot be foreseen, overcome, or avoided and have a significant
impact on one party, including but not limited to the natural disasters such as flood, earthquake, fire and storm, as well as the
social events such as war and turmoil.

 

In the event that the
Contract cannot be performed as a result of the occurrence of force majeure events, the party affected by the force majeure shall
immediately notify the other party of the event in writing, and within 7 days, provide written documents certifying the details
of such force majeure event and the reasons for non-performance or delay in performance hereof. Upon consensus through negotiation,
the parties may terminate or temporarily delay the performance of the Contract.

 

Article 23 Alteration,
Amendment and Termination

 

This Contract can be
altered and amended in written form upon consensus through negotiation of the Parties, and any alternation and amendment shall
constitute an integral part of this Contract.

 

This Contract may not
be terminated until all the rights and obligations are fully preformed, unless otherwise stipulated in laws and regulations or
agreed by the both Parties.

 

The invalidity of any
provision of this Contract shall not affect the legal validity of other provisions, unless otherwise stipulated in laws and regulations
or agreed by the both Parties.

 

Article 24 Agreements
on Service

 

1. The contact information
(including mailing address, telephone number, fax number, etc.) provided by the Borrower in this Contract shall be true and valid
and shall be the address for service of any notice of the Lender for the Borrower. In case of any change to the contact information,
the Borrower shall immediately send/mail the change information in writing to the mailing address provided by the Lender in this
Contract. Such information change shall become effective upon the Lender’s receipt of the change notice.

 

2. Unless otherwise
expressly provided for in this Contract, the Lender shall be entitled to give notice to the Borrower in any of the following methods.
The Lender shall be entitled to choose the notification method as it thinks fit and shall not be held liable for any error, omission
or delay in delivery by mail, fax, telephone, WeChat or any other communication system. Where the Lender simultaneously chooses
several notification methods, the one by which the notice is served to the Borrower earlier shall prevail.

 

    16

     

    

 

(1) By announcement.
The notice shall be deemed to be served on the date on which the Lender publishes the announcement on its website, online banking,
telephone banking or business outlets;

 

(2) By hand. The notice
shall be deemed to be served on the date on which the Borrower signs for the receipt, or if the Borrower refuses to sign for the
receipt, the date on which the server makes a record on the proof of service on the spot;

 

(3) By mail (including
express mail, surface mail or registered mail). The notice, when addressed to the Borrower’s mailing address last known to
the Lender, shall be deemed to be served on the date on which the Borrower signs for the receipt, or if the Borrower fails to sign
for the receipt, the date on which the mail is returned;

 

(4) By fax, mobile phone
SMS, WeChat or other electronic communication methods. The notice, when sent to the Borrower's fax number, the mobile phone number,
WeChat account number or email address designated by the Borrower which is last known to the Lender, shall be deemed to be served
on the date on which the notice is sent.

 

3. Borrower agrees that,
unless the Lender receives from the Borrower a written notice concerning the change of mailing address, the court may serve judicial
documents and other written documents on the Borrower through the mailing address provided by the Borrower in this Contract. During
the dispute settlement, if the court serves the judicial documents or other written documents by mail (including express mail,
surface mail or registered mail) to the Borrower mailing address last known to the Lender, such documents shall be deemed to be
served on the date on which the Borrower signs for receipt of the proof of service, or if Borrower fails to sign for receipt of
the proof of service, the date on which the mail is returned;

 

With the exception of
the judgments, verdicts and mediations, the court shall be entitled to give any notice to the Borrower by any methods of communication
agreed in this Paragraph 2. The court shall be entitled to choose the communication method as it thinks fit and shall not be held
liable for any error, omission or delay in delivery by mail, fax, telephone, telex or any other communication system. Where the
court simultaneously chooses several communication methods, the one by which the notice is served to the Borrower earlier shall
prevail.

 

Article 25 Appendix

 

The appendixes confirmed
by both parties shall constitute an integral part of this Contract and shall have the same legal effect as this Contract.

 

Article 26 Other
Agreements

 

1. The Borrower shall
not transfer any rights and obligations under this Contract to the third party without written consent of the Lender.

 

2. This Contract shall
be legally binding upon both Parties and their successors and assignees without prejudice to other provisions of this Contract.

 

    17

     

    

3. All the transactions
under this Contract are carried out for each Party’s independent benefits. If, in accordance with relevant laws, regulations
and regulatory provisions, other parties to the transaction become the related parties or affiliated persons of the Lender, no
Party may seek to affect the fairness of the transaction out of this related-party relationship.

 

4. The headings and
business names in this Contract are used only for convenient reference, which shall not be used to interpret the provisions or
the rights and obligations of both Parties.

 

5. In accordance with
relevant laws, regulations and regulatory provisions, the Lender shall have the right to provide the information related to this
Contract and other relevant information of the Borrower to the credit reference system of the People’s Bank of China and
other credit information database established according to law for reference and use by the institutions or individuals with proper
qualification according to law. The Lender shall also have the right to refer the relevant information of the Borrower through
credit reference system of the People’s Bank of China and other credit information database established according to law
for the purpose of the execution and performance of this Contract.

 

The parties acknowledge
that the Borrower and the Lender have made a full negotiation in connection with all the terms of this Contract. The Lender has
requested the Borrower to give special attention to and make a comprehensive and accurate understanding of all provisions concerning
the rights and obligations of the parties, and has made explanations to the relevant provisions upon the Borrower's request. The
Borrower has carefully read and fully understood all the provisions of the Contract. Both the Borrower and the Lender have the
same understanding of the provisions of the Contract and have no objection to the contents of the Contract.

 

    18

     

    

  

(This page is for signatures and is intentionally left blank)

 

	Borrower (Official Seal): 	

  

	Legal Representative
    or Authorized Agent (Signature & Seal): LAI Gang [signature]	 

  

September 26, 2019

  

	Lender (Official Seal): 	

 

Legal Representative or Authorized Agent (Signature & Seal):
LUO Julan_[signature]

 

September 26, 2019

 

Contract Execution Place: Luling Rural Commercial Bank
Business Department

 

 

19Exhibit 10.5

 

[2019]
L.L.N.S.H.B.Z. No. B17229201909260001

  

Guarantee
Contract

 

	Guarantor	Jiangxi Universe Pharmaceuticals Technology Co., Ltd.       
	 	 
	 	WU Xing                                                                                      
	 	 
	 	                                                                                                     
	 	 
	 	                                                                                                     
	 	 
	Debtor	Jiangxi Universe Pharmaceuticals Commerce and Trade Co., Ltd.
	 	 
	Creditor	Jiangxi Luling Rural Commercial Bank Co., Ltd.                             

  

	 	Jiangxi
    Rural Commercial Bank

 

    1

     

    

 

Special
Notice: This Contract is entered into by and between Party A and Party B through negotiation on the basis of equality and free
will. All the terms and conditions hereof represent the true intention of both parties. In order to protect the legitimate rights
and interests of Guarantor, the Creditor hereby requests the Guarantor to give full attention to the provisions concerning the
rights and obligations of the parties, especially those shown in bold.

 

    2

     

    

 

Guarantee
Contract

 

[2019]
L.L.N.S.H.B.Z. No. B17229201909260001

 

Guarantor:
WU Xing                                                                                                                       

Jiangxi
Universe Pharmaceuticals Technology Co., Ltd.                                           

__________________________________
(hereinafter referred to as Party A)

The
specific details of Party A can be found in Appendix 1 Details of Guarantor.

 

Creditor:
Jiangxi Luling Rural Commercial Bank Co., Ltd. (hereinafter referred to as Party B)

Legal
Representative / Person in Charge: PENG Yue                                                                   

Mailing
Address: No. 205 Fuchuan Road, Ji’an County                                                                

Postal
Code: 343100                                                                                                                        

Tel.:
8435534                                                           Fax:
                                                             

 

In
order to ensure the performance of the Contract (Contract No.: [2019] L.L.N.S.H.L.J.Z. No. 172292019092610030001)
(hereinafter referred to as the Master Contract) executed by and between Jiangxi Universe Pharmaceuticals Commerce and Trade
Co., Ltd. (hereinafter referred to as the Debtor) and Party B on September 26, 2019, and guarantee the realization
of Party B’s creditor’s right, Party A is willing to provide guarantee for the Debtor’s obligations under the Master Contract.
Pursuant to the relevant national laws and regulations, the Parties hereto enter into this Contract upon consensus through negotiation.

 

Article
1Secured Principal Creditor’s Right

 

1.
The secured principal creditor’s right is based on the maximum amount of creditor’s right and applicable to the provisions of
following Item (1):

 

(1)
The secured principal creditor’s right is based on the loan granted by Party B in accordance with the Master Contract, and the
principal amount is CNY (in words) Eight Million. The loan borrowed hereunder shall be used for the company’s
working capital, and the loan term shall be 12 months, from September 26, 2019 to September
25, 2020. In case of any change, it shall be subject to the provisions of the Master Contract.

 

    3

     

    

 

(2)
The secured principal creditor’s right shall be the balance of the loan principal continuously granted by Party B to the Debtor
during the period stipulated in the Master Contract. The maximum amount of the loan principal shall be (currency and amount in
words) _________________. The loan borrowed hereunder shall be used for _________________, and the loan term shall be from ____MM____DD
___YY to ____MM____DD ___YY. In case of any change, it shall be subject to the provisions of the Master Contract.

 

The
scope of guarantee shall be subject to Article 2 hereof.

 

Article
2Scope of Guarantee

 

The
scope of Party A’s guarantee shall include all the principal creditor’s rights, interests, overdue interests, compound interests
and penalty interests under the Master Contract, interests on delayed performance, liquidated damages and compensation for the
period of performance specified in the legal documents, and all expenses incurred by Party B for realization of its creditor’s
right. The expenses incurred by Party B for realization of its creditor’s right include but are not limited to announcement
fees, service expenses, identification fees, attorney fees, litigation fees, travel expenses, evaluation fees, auction fees, property
preservation costs and enforcement fees.

 

Article
3Guarantee Type

 

1.
The guarantee type hereunder shall be joint and several liability guarantee;

 

2.
In the event that Party A provides joint guarantee for multiple guarantors, each guarantor shall assume joint and several liabilities
for all creditor’s rights.

 

3.
In the event that the Debtor fails to settle the debts as agreed in the Master Contract, and there are both guarantee and real
rights for security for the creditor’s right under the Master Contract, Party B shall, at its discretion, have the priority right
for claim from the Guarantor or real rights for security, or concurrently claim for repayment from the Guarantor and real rights
for security.

 

Article
4 Guarantee Period

 

1.
The guarantee period of each loan contract guaranteed by this Contract shall be calculated separately and shall be three years
from the day following the loan maturity specified in each loan contract.

 

2.
In the event that the loan specified in a single loan contract will become matured by installments, the guarantee period of each
loan shall be three years from the day following the maturity of each loan.

 

3.
In the event that Party B recovers the loan in advance according to the provisions of the Master Contract, the guarantee period
shall be three years from the day following the repayment date notified by Party B to the Borrower.

 

Article
5Independence of Contract Effectiveness

 

The
effectiveness of this Contract is independent from other guarantee contracts. In the event that there are other guarantee under
the Master Contract, Party B shall have the right to exercise the security rights under this Contract in preference, and in the
event that, for any reason, Party B waives the mortgage right or pledge right to the property of the Debtor to the master contract,
or changes the sequence or content of the mortgage right or pledge right, thus resulting in the loss or reduction of its priority
right for claim under the said mortgage right or pledge right, Party A’s guarantee liabilities shall not be exempted or reduced.

 

    4

     

    

 

Article
6Rights and Obligations of Party A

 

1.
Has the right to know the contents and terms of the Master Contract executed by Party B and the Debtor;

 

2.
Has the obligation to accept the financial supervision conducted by Party B and truthfully provide relevant financial information
as required by Party B; and to sign and receive the collection letter or other collection documents issued by Party B and send
the receipt within 3 days of signing and receiving.

 

3.
In case of contracting, leasing, shareholding reform, joint operation, consolidation, merger, division, joint venture, application
for suspension of business for rectification, application for dissolution, application for bankruptcy or change of registered
capital, Party A shall give a 30 days’ prior notice to Party B;

 

4.
In case of production suspension, business suspension, cancellation of registration, revocation of business license, legal representative
or principal person in charge engaging in illegal activities, involving in a lawsuits with more than 20% of the registered capital,
serious difficulties in production and operation, and deterioration of financial situation, Party A shall give a 5 days’
prior notice to Party B;

 

5.
In the event that any of the above situations compromise Party A’s guarantee ability, Party A shall ensure that all the guarantee
liabilities hereunder will be properly fulfilled;

 

6.
During the guarantee period, in the event that Party A provides any form of guarantee to any third party, it shall not damage
Party B’s interests;

 

7.
Party A shall be obliged to supervise the Borrower’s use of the loan; upon expiration of the principal debt performance period,
Party A shall be obliged to urge the Debtor to pay off the debts.

 

8.
Prior to the completion of the performance of the loan contract, Party A may not exercise the right to claim repayment or any
right obtained under this Guarantee Contract, even if Party A has paid off part of the debts. However, if Party A’s intend
is to maintain the limitation of action, this limitation shall not apply, and the enforcement fund of the action shall be used
to repay the principal and interest of the loan first.

 

Article
7Rights and Obligations of Party B

 

1.
Has the right to require Party A to provide relevant documents that can prove its legal identity;

 

2.
Has the right to conduct financial supervision over Party A and require Party A to provide all materials that can reflect its
credit standing;

 

3.
Upon expiration of the principal debt performance period, Party B shall have the right to require Party A to assume the guarantee
liabilities for the outstanding creditor’s right;

 

    5

     

    

 

4.
Party B shall have the right to notify Party A in writing to assume the guarantee liabilities in advance under any of the following
circumstances:

 

(1)
Where Party B terminates the Master Contract according to the Master Contract;

 

(2)
Where Party B collects the loan in advance according to other circumstances stipulated in the Master Contract.

 

5.
In the event that Party A fails to perform the guarantee liabilities according to this Contract, Party B shall be entitled to
deduct the corresponding amount directly from any account opened by Party A with Party B. Party B shall not be held liable for
the interest loss or any other losses caused to Party A by such deduction.

 

6.
During the term of this Contract, in the event that the principal creditor’s right is transferred according to law, Party B shall
give a notice to Party A.

 

Article
8Representation and Guarantee of Party A

 

1.
It has the qualification of guarantor subject according to Chinese laws and may provide guarantee for others.

 

2.
It has sufficient capacities to undertake the guarantee liabilities and shall not be diminished or exempted from its guarantee
liabilities as a result of any instruction, change of financial status or any agreement executed with any unit.

 

3.
It fully understands the loan purpose of the Borrower under the Master Contract, and provides the guarantee for the Borrower under
the Master Contract on completely voluntary basis. The execution of this Contract represents its true intention.

 

4.
In the event that the Borrower fails to perform its obligations to repay the principal, interest and relevant fees according to
the Master Contract, Party B may directly claim for repayment from Party A, and Party A authorizes Party B to deduct funds from
all accounts opened by Party A with Party B and all its branches to repay the debts under the Master Contract.

 

5.
Party A guarantees that it has obtained the necessary authorization or approval in accordance with its Articles of Association
for providing guarantee for others.

 

Article
9Liability for Breach of Contract

 

1.
After this Contract takes effect, both Party A and Party B shall perform this Contract. In the event that either party fails to
perform or fails to fully perform this Contract, it shall bear the corresponding liabilities for breach of contract and compensate
for the losses of other party caused thereby;

 

2.
In the event that this Contract becomes invalid due to Party A’s fault, Party A shall compensate Party B for all losses.

 

Article
10Other Provisions Agreed upon By Both Parties

 

1.
Party A agrees that: In the event that there are other guarantee contracts for the secured creditor’s right, Party B shall, at
its discretion, be entitled to determine the right exercise order. Party B may not only have the right to directly exercise the
mortgage right without first claiming rights from other guarantors, but may also have the right to directly require other guarantors
to undertake the joint and several guarantee liabilities. If Party B waives the real rights for security or the sequence of other
rights under other guarantee contracts or changes the real rights for security, Party A shall assume the guarantee liabilities
in accordance with this Contract and shall not be exempted from any liabilities;

 

2.__________________________________________________;

 

3.
__________________________________________________.

 

    6

     

    

 

Article
11Agreements on Service

 

1.
The contact information (including mailing address, telephone number, fax number, etc.) provided by the Guarantor in this Contract
shall be true and valid and shall be the address for service of any notice of the Creditor for the Guarantor. In case of any change
to the contact information, the Guarantor shall immediately send/mail the change information in writing to the mailing address
provided by the Creditor in this Contract. Such information change shall become effective upon the Creditor’s receipt of
the change notice.

 

2.
Unless otherwise expressly provided for in this Contract, the Creditor shall be entitled to give notice to the Guarantor in any
of the following methods. The Creditor shall be entitled to choose the notification method as it thinks fit and shall not be held
liable for any error, omission or delay in delivery by mail, fax, telephone, WeChat or any other communication system. Where the
Creditor simultaneously chooses several notification methods, the one by which the notice is served to the Guarantor earlier shall
prevail.

 

(1)
By announcement. The notice shall be deemed to be served on the date on which the Creditor publishes the announcement on its website,
online banking, telephone banking or business outlets;

 

(2)
By hand. The notice shall be deemed to be served on the date on which the Guarantor signs for the receipt, or if the Guarantor
refuses to sign for the receipt, the date on which the server makes a record on the proof of service on the spot;

 

(3)
By mail (including express mail, surface mail or registered mail). The notice, when addressed to the Guarantor’s mailing
address last known to the Creditor, shall be deemed to be served on the date on which the Guarantor signs for the receipt, or
if the Guarantor fails to sign for the receipt, the date on which the mail is returned;

 

(4)
By fax, mobile phone SMS, WeChat or other electronic communication methods. The notice, when sent to the Borrower’s fax number,
the mobile phone number, WeChat account number or email address designated by the Guarantor which is last known to the Creditor,
shall be deemed to be served on the date on which the notice is sent.

 

3.
The Guarantor agrees that, unless the Creditor receives from the Guarantor a written notice concerning the change of mailing address,
the court may serve judicial documents and other written documents on the Guarantor through the mailing address provided by the
Guarantor in this Contract. During the dispute settlement, if the court serves the judicial documents or other written documents
by mail (including express mail, surface mail or registered mail) to the Guarantor’s mailing address last known to the Creditor,
such documents shall be deemed to be served on the date on which the Guarantor signs for receipt of the proof of service, or if
the Guarantor fails to sign for receipt of the proof of service, the date on which the mail is returned;

 

With
the exception of the judgments, verdicts and mediations, the court shall be entitled to give any notice to the Guarantor by any
methods of communication agreed in this Paragraph 2. The court shall be entitled to choose the communication method as it thinks
fit and shall not be held liable for any error, omission or delay in delivery by mail, fax, telephone, telex or any other communication
system. Where the court simultaneously chooses several communication methods, the one by which the notice is served to the Guarantor
earlier shall prevail.

 

    7

     

    

 

Article
12Applicable Law and Dispute settlement

 

1.
This Contract shall be governed by the laws of the People’s Republic of China.

 

2.
After this Contract takes effect, any dispute arising from the execution or performance hereof or in connection with this Contract
shall be settled by both parties through negotiation. If such negotiation fails, either party may file a lawsuit with the People’s
Court having jurisdiction over the place of the Creditor in accordance with the law.

 

3.
During the dispute settlement, in the event that the dispute does not affect the performance of the remaining provisions of this
Contract, such remaining provisions shall continue to be performed.

 

4.
After negotiation between the parties, the parties may conduct notarization for the compulsory enforcement of this Contract. The
Guarantor agrees that this Contract shall have the compulsory enforcement effect after it is notarized. In the event that the
Guarantor fails to perform its obligations under this Contract, the Creditor may apply to the People’s Court having jurisdiction
for compulsory enforcement according to law.

 

Article
13Effectiveness, Modification, Dissolution and Termination of the Contract

 

1.
This Contract shall take effect from the date when the legal representatives (persons in charge) or authorized agents of Party
A and Party B respectively affix their signatures and the corporate seals or special seals for contracts hereto, and shall be
terminated on the date when the Borrower to the Master Contract has fully paid off the loan principal, interests, compound interests
and penalty interests, interests on delayed performance, liquidated damages and compensation for the period of performance specified
in the legal documents, expenses for realization of the creditor’s right and all other payable expenses under the Master Contract.

 

2.
After this Contract takes effect, the parties may not modify or dissolve this Contract without permission. The parties may modify
(if necessary) or dissolve this Contract by executing a written agreement upon jointly negotiation. This Contract shall remain
valid until a written agreement is reached.

 

3.
This Contract is made out in duplicate, with Party A, Party B and ___/___ holding one counterpart
each. Each counterpart shall have the same legal effect.

 

Article
14Representation

 

1.
The details of Party A can be found in Appendix 1;

 

2.
Party A is clearly aware of the Debtor’s loan purposes and has no objection to the loan purposes;

 

3.
Party A has carefully read all the provisions of this Contract, especially those shown in bold. At the request of Party A, Party
B has made a full explanation to the provisions of this Contract. Party A has the full knowledge of and fully understand the meaning
and corresponding legal consequences of the provisions hereof, which is consistent with Party B’s understanding of this Contract.

 

4.
Party A has read the Master Contract and has no objection to the relevant provisions of the Master Contract.

 

    8

     

    

 

(This
page is for signatures)

 

	
        Party A:

         

        Guarantor 1 (Seal): WU Xing [signature & fingerprint]

         

        Legal Representative or Authorized Agent (Signature & Seal):

         

        Guarantor 2 (Seal):
	

Legal
Representative or Authorized Agent (Signature & Seal): LAI Gang [signature & fingerprint]

 

Guarantor
3 (Seal):

 

Legal
Representative or Authorized Agent (Signature & Seal):

 

Guarantor
4 (Seal):

 

	
        Legal Representative or Authorized Agent (Signature
& Seal):

         

        Guarantor 5 (Seal):

         

        Legal Representative or Authorized Agent (Signature & Seal):

         

        Party B (Seal):
	

Person
in Charge or Authorized Agent (Signature & Seal): LUO Julan [signature]

 

Contract
Execution Place: Luling Rural Commercial Bank Business Department

Contract
Execution Date: September 26, 2019

 

    9

     

    

 

Appendix
1

 

Details
of Guarantor

 

Guarantor
(Party A):

 

	Name
    of Guarantor 1: Jiangxi Universe Pharmaceuticals Technology Co., Ltd.
	Valid
    Identity Document Name and No.:
	Legal
    Representative / Person in Charge: LAI Gang
	Mailing
    Address:
	Postal
    Code:	Tel.:
	Account
    Name and Account No. with the Creditor:

 

	Name
    of Guarantor 2: WU Xing
	Valid
    Identity Document Name and No.:
	Legal
    Representative / Person in Charge:
	Mailing
    Address:
	Postal
    Code:	Tel.:
	Account
    Name and Account No. with the Creditor:

 

	Name
    of Guarantor 3:
	Valid
    Identity Document Name and No.:
	Legal
    Representative / Person in Charge:
	Mailing
    Address:
	Postal
    Code:	Tel.:
	Account
    Name and Account No. with the Creditor:

 

    10

     

    

 

	Name
    of Guarantor 4:
	Valid
    Identity Document Name and No.:
	Legal
    Representative / Person in Charge:
	Mailing
    Address:
	Postal
    Code:	Tel.:
	Account
    Name and Account No. with the Creditor:

 

	Name
    of Guarantor 5:
	Valid
    Identity Document Name and No.:
	Legal
    Representative / Person in Charge:
	Mailing
    Address:
	Postal
    Code:	Tel.:
	Account
    Name and Account No. with the Creditor:

 

	Name
    of Guarantor 6:
	Valid
    Identity Document Name and No.:
	Legal
    Representative / Person in Charge:
	Mailing
    Address:
	Postal
    Code:	Tel.:
	Account
    Name and Account No. with the Creditor:

 

 

11

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