Document:

EX-10.29

 Exhibit 10.29 

August 2016 Version 
 Working
Capital Loan Contract 
 Contract No.:
01611                                        
                              

Creditor: Industrial Bank Co., Ltd. Shanghai Xuhui Sub-branch 

Borrower: Shanghai ECMOHO Health Biotechnology Co., Ltd. 

  
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 Important Notes for Signing 

To protect your rights and interests, please carefully read, examine and confirm the following matters before signing the Contract: 

I. You have the right to sign the Contract, and have obtained full authorization, if it is necessary to obtain the consent of others; 

II. You have carefully read and fully understood clauses of the Contract, and have specially paid attention to the assumption of relevant responsibilities,
the exemption from or restrictions to the liability of Industrial Bank as well as contents in bold; 
 III. Your company and you have fully understood
meanings of clauses hereof as well as corresponding legal consequences, and are willing to accept such clauses; 
 IV. The text of the Contract provided by
the Industrial Bank is a model text, with blank lines left for relevant clauses hereof, and includes “Supplementary Clauses” at the end of the Contract for the parties’ amendment, supplement or deletion of the Contract; 

V. In case of any doubt about the Contract, please consult the Industrial Bank in time. 

  
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 Upon application by the Borrower, the Lender agrees to provide the Borrower with the working capital loan
after examination and approval. In order to clarify the rights and obligations of both parties and abide by the credit, both parties hereto, in accordance with the relevant laws and regulations of the People’s Republic of China, hereby enter
into the Contract for mutual compliance. 
 See Paragraph 2 of Article 23 hereof, special clauses, for details of the circumstance where the Lender and the
Borrower confirm the loan hereunder. 
 Article 1 Definitions and Interpretations 

Unless otherwise agreed in writing by both parties hereto, the following terms hereunder will be defined and interpreted as follows: 

I. “Working capital loan” refers to the loan in RMB and foreign currency that the Borrower applies to the Lender for the daily production and
operation of the Borrower. 
 II. “Creditor’s rights” or “primary creditor’s rights” refer to the creditor’s rights
(including the principal, interest, penalty interest, compound interest, liquidated damages, damages, and expenses incurred by the Creditor to realize its creditor’s rights, etc.) formed from the financing provided by the Lender for the
Borrower according to the Contract, after the Borrower (Debtor) applies to the Lender (Creditor) and the Lender has approved upon the examination. The creditor’s rights of the Lender against the Borrower hereunder are consistent with the
Borrower’s debts against the Lender hereunder. 
 “Expenses incurred by the Creditor to realize its creditor’s rights” refer to the
litigation (arbitration) fees, attorney fees, travel expenses, execution fees, costs of preservation and other necessary expenses for the realization of creditor’s rights paid by the Lender, when the Lender realizes the creditor’s rights
in the form of litigation, arbitration, etc. 
 III. The following words under Article 6 hereof are defined and interpreted as follows: 

“Fixed interest rate” refers to the interest rate that remains unchanged during the loan term. 

“Floating interest rate” refers to the interest rate that varies according to the cycle and magnitude as agreed by the Borrower and the Lender
during the loan term. 
 “Floating cycle” refers to the frequency of changes in the loan interest rate as agreed by the Borrower and the Lender.
In a floating cycle, the loan interest rate is determined based on the benchmark interest rate calculated by the pricing method as agreed herein, and remains unchanged during the floating cycle; when a floating cycle expires and enters the next one,
the loan interest rate is determined based on the benchmark interest rate in new floating cycle calculated by the pricing method as agreed herein, and remains unchanged during the floating cycle. 

“PBOC RMB Benchmark Lending Rate” means the RMB benchmark lending rate announced by the People’s Bank of China on that day. 

“PBOC RMB Deposit Benchmark Rate” refers to the RMB deposit benchmark rate announced by the People’s Bank of China on that day. 

“LPR” refers to the loan prime rate calculated and announced by the National Interbank Loans Center based on the best lending rate independently
offered by the quoting banks. 
 “SHIBOR” refers to the Shanghai Interbank Offered Rate calculated and published by the National Interbank Loans
Center on the same day. 
 “LIBOR” refers to inter-bank offer rate in London financial market on the day of
T-2, with currencies including USD, EUR and JPY. Among them, “T” is the actual date of loan release, and “T-2” is the first two working days before
the actual date of loan release, hereinafter inclusive. 
 “HIBOR” refers to inter-bank HKD offer rate in Hong Kong financial market on the day of
T-2. 

  
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 The specific values of “LIBOR” and “HIBOR” are subject to the search result of the
Industrial Bank core system. 
 IV. “Major transactions” as agreed in Article 14 hereof refer to (including but not limited to): any transaction
that is determined to occur or potential, and that will seriously affect the basic structure of the Borrower’s company, the change of shareholders of the company, contingent liabilities, cash flow, profitability, core business secrets of the
company, core competitiveness of the company, important assets of the company, major creditor’s rights and debts of the company, solvency and ability to perform the Contract, or other transactions that the Lender and/or Borrower deems
constituting major transactions. 
 V. “Significant events” as agreed in Article 14 hereof refer to (including but not limited to): any determined
or potential event that will seriously affect the ability of senior officers of the Borrower’s company to perform their duties, the employment and dismissal of employees engaged in the core business of the company, core business secrets of the
company, core competitiveness of the company, basic structure of the company, changes in shareholders of the company, contingent liabilities of the company, existence of the company, legal company business, the company’s stability, development,
profitability, solvency and ability to perform the Contract, and other events that the Lender and/or Borrower deems constituting significant events. 
 VI.
The “working day” herein refers to the business day of the Lender’s bank. In the contract performance, if a withdrawal or repayment date is a non-business day, it will be postponed to the next
business day. 
 Article 2 Explanations on contracting parties 

See Paragraph 1 of Article 23 hereof, special clauses, for details. 

Article 3 Loan amount 
 See Paragraph 3 of Article 23
hereof, special clauses, for details. 
 Article 4 Loan purposes 

See Paragraph 4 of Article 23 hereof, special clauses, for details. 

Article 5 Loan term 
 I. For the loan term, please see
Paragraph 5 (1) of Article 23 hereof, special clauses. 
 II. In case of one-time loan release, the date of loan
release shall be subject to the actual date of loan release as stated in the loan IOU and loan note. If the actual date of loan release is later than the date of loan release stated in the preceding paragraph, the maturity date of the loan shall be
postponed accordingly. 
 III. For the plan for the use of loan in installments, please see Paragraph 5 (2) of Article 23 hereof, special clauses. 

IV. Subject to the preconditions for withdrawal as stipulated in Article 7 hereof, the Lender shall pay the loan funds in accordance with Article 8 hereof.

 V. The Lender has the right to appropriately adjust the plan for the use of loan in installments according to factors including whether the loan meets
the provisions of relevant laws, regulations and policies, the preconditions for withdrawal as agreed herein, the conditions for payment of the loan funds, the signing of the guarantee contract corresponding to the Contract and the time of handling
the guarantee formalities, and other factors that the Lender considers necessary. 
 VI. If the loan is draw down in several times, the same maturity date
will apply; that is to say, the loans separately released will be subject to the same maturity date as that of the loan determined based on the loan IOU and loan note for the loan granted for the first time. 

  
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 VII. If the Lender collects the loan in advance according to the circumstances as agreed herein, it shall be
deemed that the maturity date of the loan shall accelerate correspondingly. 
 Article 6 Loan interest rate and interest collection 

I. Loan interest rate 
 (I) For the pricing benchmark interest
rate of the loan, please see Paragraph 6 (1) of Article 23 hereof, special clauses. 
 (II) For the pricing formula of the loan, please see Paragraph 6 (2)
of Article 23 hereof, special clauses. 
 (III) For the specific implementation of the loan interest rate, please see Paragraph 6 (3) of Article 23 hereof,
special clauses. 
 (IV) The pricing benchmark interest rate corresponding to the loan used in installments hereunder shall take the benchmark interest rate
of each loan on the actual date of loan release (or the adjustment date of interest rate, if any) as the standard. 
 (V) For the loan released hereunder,
in case that the state cancels the benchmark interest rate or there are no longer benchmark interest rates on the market, the Lender shall be entitled to re-determine the loan rate based on the interest rate
policy of the state for the same period, in the principles of fairness and honesty, and with reference to industry practice, interest rates and other factors; after that, it shall notify the Borrower. If the Borrower has any objection, it shall
consult with the Lender. Where the negotiation fails within five working days from the notice date of the Lender, the Lender shall be entitled to recover the loans and the Borrower shall immediately pay off the principal and interest of the
remaining loan. 
 II. Repayment method of the loan interest 

(I) Calculation of loan interest. The interest on the loan principal in the foreign currency shall be calculated from the date when the Lender transfers the
loan principal to the Borrower’s account as agreed herein. Daily accrued interest on the loan = loan balance on that day × daily interest rate. The conversion of daily interest rate and annual interest rate shall be carried out in
accordance with the regulations of the People’s Bank of China and international practices. 
 (II) For the repayment method of the loan interest,
please see Paragraph 6 (4) of Article 23 hereof, special clauses. 
 III. Interest penalty and compound interest 

(I) The Lender has the right to collect the interest penalty. For details of the interest rate on the interest penalty, please see Paragraph 6 (5) of Article
23 hereof, special clauses. 
 (II) Where a fixed rate is adopted for the loan interest rate, the penalty interest rate will also be a fixed interest rate;
where a floating interest rate is adopted for the loan interest rate, the penalty interest rate will also be a floating interest rate, with its floating cycle consistent with the floating cycle of the loan interest rate. 

(III) The method for collecting the interest penalty and compound interest shall be implemented in accordance with the repayment method of the loan interest
as agreed herein. 
 Article 7 Preconditions for withdrawal 

I. The Borrower may apply to the Lender for the release of loan hereunder after satisfying the following preconditions for withdrawal required by the Lender:

 (I) The Borrower X has served the following documents on the Lender, and the information contained in the document has not changed and continues to be
effective, or the Borrower has made explanations for the change satisfactory to the Lender: 
 1. The application for the loan, with its main content
including but not limited to: the name, amount, purpose, time limit, repayment plan and repayment source of the loan project; 
 2. The legal and valid
business license of the Borrower, the company’s articles of association, the loan card and the password/credit code, the legal representative, members of the board of directors and principal responsible person registered and filed with the
administrative department for industry and commerce, the list of chief financial officers and the signature samples, valid identity documents of legal representative and its authorized representative, or other company documents that the Lender deems
necessary; 

  
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 3. True, legal and valid resolutions on approving the application to the Lender for the loan hereunder,
clarifying the loan purposes and accepting various loan conditions required by the Lender which are made at the board meeting or the shareholders’ meeting convened by the Borrower in accordance with the statutory procedures, and which are
adopted by the quorum of directors or shareholders by voting, or other documents that the Lender deems necessary; 
 4. The past three-year annual report
approved by the Lender (attached with audit report and notes thereto), the financial statements for the latest period and the same period of the previous year; in case of the establishment of the Borrower less than three years, the Borrower shall
submit the annual statements since its establishment; 
 5. Information on affiliated enterprises; 

6. In case of an application for temporary working capital loan, relevant contracts, vouchers or materials such as procurement contracts, order contracts,
debt certificates and so forth shall be provided; 
 7. Where the mortgage/pledge guarantee method is proposed to be adopted, the ownership certificates of
collaterals must be provided, the value report shall be evaluated, and the registration procedures for the collaterals that should be handled in accordance with the relevant laws and regulations have been properly handled, and originals of relevant
ownership certificates and registration certificates have been handed over to the Lender for keeping at the request of the Lender; where a third-party guarantee is proposed to be adopted, the relevant guarantee materials shall be provided in
accordance with the requirements of aforesaid items 2 to 4, and the guarantee contract has entered into force; the above guarantee shall remain in force; 

8. Where the Lender requests the insurance for the collaterals, the insurance procedure with the Lender as the first beneficiary has been completed, and the
original of insurance policy has been handed over to the Lender for keeping; and the insurance continues to be valid; where the Borrower provides the mortgage/pledge, the Borrower hereby transfers the claim for insurance benefits enjoyed due to the
occurrence of the insurance event to the Lender; 
 9. Enterprises in special industry must provide the production and operation license in special industry
or enterprise qualification grading certificate issued by the authority; 
 10. If any party hereto requests the handling of the notarization and other
formalities, the relevant notarization procedures have been completed; 
 11. The Borrower has opened an account at the Lender’s office at the request
of the Lender, and voluntarily accepts the Lender’s credit supervision and payment settlement supervision; 
 12. Where the Borrower applies for the
loan for foreign exchange projects, it must provide valid foreign exchange loan use certificates and approvals from relevant departments, and comply with relevant foreign exchange management policies; 

13. The tax returns of the VAT, business tax and income tax required by the Lender to be provided; 

14. Other documents, statements, vouchers and other information requested by the Lender to be provided. 

(II) The Borrower is lawfully established with its legal and compliant production and operation, and has the going-concern ability and legitimate source of
repayment; 
 (III) The loan purpose is clear, legal and compliant; 

(IV) Representations and commitments made by the Borrower in Article 12 hereof are continuously true and effective; there is no event of default or potential
event of default on or before the date of application for the loan release; 
 (V) The Borrower has completed the IOU or loan note related to the loan
release. The IOU or loan note are integral parts hereof and bear the same legal effect as the Contract. Where the loan amount, the loan term and the loan rate and others hereunder are inconsistent with those recorded on the IOU or loan note, the
latter shall prevail. 
 (VI) The Borrower has good credit without any significant record of bad behavior; if the Borrower is a new legal person, the
controlling shareholder thereof shall have a good credit without any significant record of bad behavior; 
 (VII) Other preconditions for withdrawal
requested by the Lender. 

  
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 II. The Lender’s performance of the obligations hereunder is on the premise that the preconditions for
withdrawal as agreed in this article are met. The Lender has the right to unilaterally decide to reduce or waive part preconditions for withdrawal, and the Borrower or Guarantor may not use such condition as the reason for the defense against the
Lender. 
 III. The Lender has the right to appropriately adjust the loan release according to factors including whether the financing project meets the
provisions of relevant laws, regulations and policies, the preconditions for withdrawal as required by the Lender, the signing of the guarantee contract corresponding to the Contract and the time of handling the guarantee formalities. 

IV. The Borrower hereby agrees that: after the execution of the Contract, if the Borrower fails to meet the preconditions for withdrawal as agreed herein or
the payment condition for loan funds in any one withdrawal, the Lender shall have the right to stop releasing the loan or paying the loan funds, or terminate the Contract, the liability or loss arising thereby shall be borne by the Borrower itself.
The Lender shall notify the Borrower of the termination of the Contract, and the objection period of the Borrower shall be five working days, counting from the date on which the notice of termination is delivered to the Borrower in the manner as
agreed herein. Where the Borrower does not raise any objection, the Contract will be automatically cancelled after the expiration of the objection period. Where the Borrower has an objection but the negotiation between both parties still fails
within five working days after the expiration of the objection period, the Lender shall have the right to collect the loan in advance as agreed herein. 

V. Upon review by the Lender, if the Borrower meets the preconditions for withdrawal as agreed herein, the Lender shall pay the loan funds in accordance with
Article 8 hereof. 
 Article 8 Account monitoring and payment of loan funds 

I. Account monitoring 
 According to the Interim Administrative
Measures for Working Capital Loans promulgated by the China Banking Regulatory Commission, the Borrower commits that the preconditions for withdrawal as agreed herein have been met before the application for loan release, and that it accepts the
Lender to supervise the use of loans according to the agreed purpose. The Lender has the right to monitor the basic deposit account, general deposit account and special deposit account opened by the Borrower, and to supervise and control the release
and payment of loan funds and repaid funds in accordance with the manner as agreed herein. 
 The Borrower designates special account for fund return, and
provides the inflows and outflows of the funds in such account in a timely manner. For the special account for fund return, please refer to Paragraph 7 (1) of Article 23 hereof, special clauses. 

The Lender may, in accordance with the credit status of the Borrower and the financing situation, negotiate an additional account management agreement with
the Borrower to clearly stipulate the management of the funds returned to the designated account. The Lender has the right to recover the loan in advance according to the withdrawal of the Borrower’s funds. 

II. Payment of loan funds 
 (I) The Lender is entitled to manage
and control the payment of loan funds by using the manner of payment by the Lender upon authorization or payment by the Borrower itself. 
 1. “Payment
by the Lender upon authorization” refers to the act that the Lender pays the loan to the counterparty of the Borrower in a transaction conforming to the purpose as stipulated herein according to the Borrower’s authorization. 

In the case of payment by the Lender upon authorization, the Borrower shall, prior to the granting of the loan, provide the relevant transaction materials
conforming to the purpose as stipulated in the Contract. After the examination and consent of the Lender, the Borrower shall pay the loan funds to its counterparty through the Borrower’s account. 

Under the payment by the Lender upon authorization, after the loan funds are paid to the counterparty of the Borrower, if the loan funds are returned since
the underlying transaction contract is canceled, revoked or invalid or for other reasons, the Lender shall be entitled to recover the returned loan funds in advance as agreed in Article 13 hereof. 

  
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 2. “Payment by the Borrower itself” refers to the act that the Borrower pays the loan fund to its
counterparty in conformity with the purposes as agree herein after the loan fund is granted by the Lender to the Borrower’s account. 
 In the case of
payment by the Borrower itself, the Borrower shall make a summary report on the payment of loan funds to the Lender on a regular basis, and the Lender shall have the right to check whether the loan payment conforms to the agreed purpose by means of
account analysis, voucher inspection and on-site investigation. 
 (II) Payment upon authorization 

See Paragraph 7 (2) of Article 23 hereof, special clauses. 

(III) During the loan release and payment, in case of the Borrower under any of the following circumstances, the Borrower shall make additional loan grant and
payment conditions at the request of the Lender, and the Lender shall have the right to take more stringent loan release and payment conditions and to stop the release and disbursement of the loan funds as well as to take the appropriate measures in
accordance with agreements in Paragraph 2 of Article 15 hereof: 
 1. The credit status has decreased; 

2. The profitability of the main business is not strong; 
 3.
The use of loan funds is abnormal; 
 4. Other circumstances the Lender considers. 

Article 9 Repayment of loan principal and interest 
 I.
For the repayment method of the loan principal, please see Paragraph 8 (1) of Article 23 hereof, special clauses. 
 II. The Borrower shall repay the
principal and interest of the loan hereunder in full and on schedule to the Lender on the repayment date and interest payment date as stipulated herein. 

III. If the repayment day is a non-business day of the Lender, the repayment will be postponed to the next business
day of the Lender, and the non-business day of the Lender will be included in the actual occupation days of the loan. When the Borrower repays the loan principal in the last installment , it shall pay off the
loan principal and interest, which shall not be bound by the interest payment date as stipulated in Article 6 hereof. 
 IV. If the Borrower needs to renew
the repayment due to the failure to repay the loan hereunder on time, it shall submit a written application for the loan extension to the Lender. For details, please refer to Paragraph 8 (2) of Article 23 hereof, special clauses. 

V. Repayment in advance 
 See Paragraph 8 (3) of Article 23
hereof, special clauses. 
 VI. The Borrower hereby irrevocably authorizes the Lender to deduct payments, including but not limited to the loan principal
and interest (including penalty interest and compound interest) and related expenses hereunder, directly from any account opened by the Borrower in the Lender’s office, all branches of Industrial Bank and subsidiaries, without going through
judicial proceedings, when the Borrower fails to perform or violates the Contract. The Borrower agrees that the Lender has the right to determine the specific deduction order. 

Article 10 Guarantee 
 I. For the guarantee contract
hereunder, please refer to Paragraph 9 of Article 23 hereof, special clauses. 
 II. Before the completion of the signing of the guarantee contract
hereunder and the completion of the guarantee procedures, the Lender has the right to temporarily not to perform various obligations hereunder including the loan release. 

  
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 Article 11 Rights and obligations of both parties 

I. Rights and obligations of the Lender 
 (I) Rights of the
Lender: 
 1. The Lender has the right to request the Borrower to return the loan principal and interest on time; 

2. The Lender has the right to request the Borrower to provide various information related to the loan; 

3. The Lender has the right to know the production, operation and financial status of the Borrower; 

4. The Lender has the right to supervise the Borrower to use the loan according to the purposes as agreed herein; 

5. The Lender has the right to supervise the use of the loan and make a request; 

6. The Lender has the right to deduct the loan principal and interest (including penalty interest and compound interest) and related expenses hereunder,
directly from any account opened by the Borrower in the Lender’s office, all branches of Industrial Bank and subsidiaries, without going through judicial proceedings; 

7. The Lender has the right to transfer all or part of the creditor’s rights and security interests hereunder to a third party at any time without
obtaining the consent of the Borrower; Where the Lender transfers the loan and security interests hereunder, the Borrower shall still bear all obligations hereunder; 

8. Where the Borrower fails to return the loan principal and interest or to repay the principal and interest as agreed herein, the Lender shall have the right
to disclose the same in the credit information system or news media established or approved by the People’s Bank of China, the banking supervision institution or other government departments, and shall take legal measures including clearing and
recovering, litigation or arbitration; 
 9. The Lender has the right to unilaterally decide to recover the loan in advance according to the return of funds
of the Borrower; 
 10. The Lender has the right to enjoy other rights as stipulated by laws, regulations, rules or the Contract. 

(II) Obligations of the Lender: 
 1. The Lender is obliged to
grant and pay loan funds as agreed herein; 
 2. The Lender is obliged to keep confidential the debt, finance, production and operation of the Borrower,
except for the following circumstances: 
 (1) provisions of laws and regulations; 

(2) provisions or requirements of the regulatory institution; 

(3) circumstance of the disclosure to the Lender’s partner. 

II. Rights and obligations of the Borrower 
 (I) The Borrower
has the following rights: 
 1. The Borrower has the right to withdraw and use all the loans as agreed herein; 

2. The Borrower has the right to require the Lender to assume the obligation of confidentiality for its provided information as agreed herein. 

(II) Obligations of the Borrower 
 1. The Borrower is obliged to
truthfully provide the documents and materials required by the Lender, as well as the information on all its bank accounts, the bank of deposit and the balance of deposits and loans, and cooperate in investigation, examination and inspection by the
Lender; 
 2. The Borrower is obliged to accept the Lender’s supervision or inspection of the Borrower’s use of credit funds, relevant production,
operation and financial activities, and take reasonable measures for the Lender’s recommendations or requirements in a timely manner; 

  
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 3. The Borrower is obliged to use the loan as agreed herein, rather than for other purposes, and to
guarantee that the loan shall not be used for investment in fixed assets, in areas and for purposes prohibited by the state for production or operation, for investment in equity, for illegal trade of negotiable securities, futures, real estate,
etc., for inter-enterprise mutual lending activities and other illegal activities restricted by the state, and that the loan shall not be occupied or embezzled in other ways; 

4. The Borrower is obliged to accept the Lender’s monitoring of the Borrower’s account and management of the payment of loan fund as agreed in
Article 8 hereof; 
 5. The Borrower is obliged to repay the loan principal and interest in full and on time in accordance with the Contract; 

6. The Borrower may not transfer all or part of debts hereunder to a third party, without the written consent of the Lender; 

7. The Borrower may not reduce the registered capital by any means, and may not extend the period for subscribing for the registered capital without the
written consent of the Lender; 
 8. Before the Borrower has major events such as merger, division, equity transfer, external investment, substantial
increase in debt financing and so on, the Borrower shall notify the Lender in writing at least 30 working days in advance and obtain the written consent of the Lender, and actively implement the safeguard measures for the full repayment of principal
and interest of the loan hereunder on schedule as required by the Lender, including but not limited to: 
 (1) providing substantial increase in debt
financing, including the guarantee for the application for loan or debts to the bank and other third party, for the provision of loan for a third party, or for the debt of a third party, which affects or may affect the return of the loan principal
and interest; 
 (2) carrying out major change in any property or adjust business mode (including but not limited to the conclusion of a joint venture or
cooperation contract with a foreign merchant or a merchant from Hong Kong, Macao or Taiwan; revocation, shutdown, suspension of production or change of production; division, merger, acquisition of any other entity or acquisition by any other entity;
recombination, establishment of or reconstruction into a joint-stock company or external investment; investment in a joint-stock company or investment company by fixed assets such as buildings, machines and equipment or intangible assets such as
trademarks, patents, know-hows or land use rights, or the transaction of property right or business right by lease, contracting, joint operation, custody or any other means); 

(3) For the change of equity, please see Paragraph 10 (1) of Article 23 hereof, special clauses. 

9. The Borrower shall notify the Lender in writing within 7 working days from the date of the occurrence or the possible occurrence of the following
circumstances, and actively implement the safeguard measures for the full repayment of the principal and interest of the loan hereunder on time as required by the Lender: 

(1) in the event of major financial loss, asset loss or other financial crisis; 

(2) in the event of suspension of business, cancellation of business license, application or being applied for bankruptcy, dissolution, etc.; 

(3) in the event of major crisis in aspects of operation or finance of its controlling shareholder and other related companies, which affects its normal
operation; 
 (4) in the event of change of personnel of the Borrower’s legal representative, directors or senior officers, which affects its normal
operation; 
 (5) for the change of equity of the Guarantor, please see Paragraph 10 (2) of Article 23 hereof, special clauses; 

(6) in the event of major related party transactions between the Borrower and its controlling shareholders and other related companies, which affects its
normal operation; 
 (7) in the event of any litigation, arbitration or criminal or administrative penalty that has a material adverse effect on its
operation or property status; 
 (8) in the event of other major events that may affect its solvency. 

10. At the request of the Lender (the Borrower is informed of the request in advance in a reasonable manner, unless it is unnecessary for the request to be
informed in advance, due to the occurrence of an event of default or potential event of default or specific environment), and the Lender’s representative is allowed to engage in the following activities during normal office hours: 

  
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 (1) visiting the location where the Borrower conducts business activities; 

(2) examining the Borrower’s premises, facilities, factories and equipment; 

(3) inquiring the Borrower’s book record and all other records; 

(4) inquiring the employees, agents, contractors, and subcontractors of the Borrower who know or may know the relevant information required by the Lender.

 11. The Borrower guarantees to maintain the financial status including current assets and net value of assets, asset-liability ratio and asset flow ratio
within the scope required by the Lender. For details, see Paragraph 10 (3) of Article 23 hereof, special clauses. 
 12. For the collection letter or
collection document sent by the Lender to the Borrower or sent in other ways, the Borrower must hand over the receipt to the Lender after signing for such letter or document. 

Article 12 Representations and commitments of the Borrower 

The Borrower voluntarily makes the following representations and commitments, and assumes legal liability for the authenticity of their contents: 

I. The Borrower is a legal entity unit established and validly existing under the laws of the People’s Republic of China, and has full capacity for civil
conduct. The Borrower guarantees to provide relevant evidences, permits, certificates and other documents required by the Lender as required by the Lender. 

II. The Borrower has sufficient capacity to perform all obligations and liabilities hereunder, and its liabilities for liquidation shall not be mitigated or
exempted as a result of any change in orders or financial conditions or any agreement signed with any unit. 
 III. The Borrower has sufficient powers,
authorizations and statutory rights to sign the Contract. The Borrower has obtained all the internal approvals and authorizations and completed the performance of other relevant formalities required for the signing and performance of the Contract,
and has obtained all necessary approvals, registrations, authorizations, consents and permits of any government department or other authorities and completed the performance of other relevant formalities required for the signing and performance of
the Contract. All approvals, registrations, consents, permits, authorizations and other relevant formalities required for the signing of the Contract keep fully legal and effective. 

IV. The conclusion of the Contract by the Borrower fully conforms to the articles of association, internal decision as well as the resolutions of the board of
shareholders and the board of directors of the Borrower. The conclusion of the Contract does not conflict with or run counter to the articles of association, internal decision, resolutions of the board of shareholders or the board of directors or
policies of the Borrower. 
 V. Execution and performance of the Contract is based on the expression of true meaning of the Borrower. The loan financing
complies with the requirements of laws and regulations, and the execution and performance of the Contract does not violate any laws, regulations, regulations or agreements herein that are binding on the Borrower. The Contract is legal, valid and
enforceable. If the Contract is invalid due to the defects of right of the Borrower in signing and performing the Contract, the Borrower will immediately and unconditionally compensate the Lender for all losses. 

VI. All documents, financial statements and other materials provided by the Borrower for the Lender hereunder are true, complete, accurate and valid, and
continue to maintain various financial indicators required by the Lender. 
 VII. The Borrower agrees that the loan business hereunder is subject to the
provisions and practices of the Lender. The Lender has the right to recover the loan in advance according to the withdrawal of the Borrower’s funds. 

  
 11 

 VIII. Where the Borrower fails to perform the obligation as agreed herein, the Borrower shall hereby
authorize the Lender to deduct the loan principal and interest (including penalty interest and compound interest) and related expenses hereunder, directly from any account opened by the Borrower in the Lender’s office, all branches of
Industrial Bank and subsidiaries, without going through judicial proceedings. 
 IX. Regardless of before or after the signing of the Contract, if the
Borrower submits any documents relating to the specific transaction to the Lender for review, and the Borrower guarantees the authenticity of all documents, the Lender will only make a decision on the apparent authenticity of the transaction
documents. The Lender neither participates nor knows the specific nature of the transaction undertaken by the Borrower, and does not assume any liability. 

X. The Borrower confirms that, except for the circumstance that has been disclosed to the Lender in writing, the Borrower has not concealed any of the
following events that has occurred or is about to occur and that may cause the Lender to disagree with the loan release hereunder: 
 (I) Debt and contingent
liabilities assumed by the Borrower, including but not limited to any mortgage, pledge, lien and other debt burdens established on the Borrower’s assets or income that are not disclosed to the Lender; 

(II) Major violations of disciplines or laws or claims for compensation involving the Borrower or the main manager thereof; 

(III) The Borrower’s breach of the debt contract made by and between the Borrower and any other creditor; 

(IV) The Borrower has no pending litigation, arbitration or administrative action against the Borrower or its property that the Borrower knows possibly occur,
and has no other similar procedures for the Borrower’s Liquidation or closure of business or others, regardless of whether they are initiated actively or by a third party; 

(V) Other circumstances that may affect the Borrower’s financial status and solvency. 

XI. The Borrower undertakes to use the loan in accordance with the purposes as stipulated herein, and does not misappropriate it for other purposes or for any
other purpose that is contrary to the purpose as agreed herein. The Borrower shall, at any time, accept and cooperate with the Lender in the loan payment management, post-loan management and related inspections, and cooperate with the Lender in
supervising and examining the Borrower’s use of loan funds and the borrower’s production and operation, financial activities, material inventory, assets and liabilities, bank deposits, cash inventories, etc., and in making an inventory
thereof or other requirements that the Lender considers necessary or appropriate. 
 XII. The Borrower provides an acceptable guarantee approved by the
Lender that is full and valid, or that other Lenders deem appropriate. If the guarantee hereunder involves real estate mortgage, the Borrower agrees to complete the evaluation procedures and undertake the assessment related expenses as the
principal. When the Borrower knows that the mortgaged house will be demolished, it shall promptly perform the obligation of notification to the Lender; in case that the mortgaged house is demolished, and the compensation in the manner of exchange of
property right is adopted, the Lender shall have the right to require the Borrower to pay off the debt in advance, or reset the mortgage and sign a new mortgage agreement, and shall provide the Guarantor’s guarantee with guarantee conditions,
after the original mortgaged real estate is lost and before the new mortgage registration has not been processed; for the demolished real estate under the form of compensation, the Borrower is responsible for requiring the Mortgagor to continue to
provide guarantee for the main creditor’s right with the compensation by opening a margin special account or certificates of deposit and other forms. 

XIII. The Borrower shall not reduce the registered capital in any way. The Borrower may not transfer all or part of debts hereunder to a third party, without
the prior written consent of the Lender. Before the debts hereunder are fully paid off, no debts between the Borrower and other Creditors (other than other branches of Industrial Bank) may be repaid in advance without the written consent of the
Lender. 
 XIV. In the event of major unfavorable events affecting the Borrower’s solvency, the Lender shall be notified in a timely manner. A written
consent shall be obtained from the Lender, before major matters such as merger, division, equity transfer, external investment, substantial increase in debt financing and so forth. 

  
 12 

 XV. Where the Lender has a lawsuit, arbitration or other dispute with the Borrower or any third party
related to the Borrower due to the performance of the obligations hereunder, resulting that the Lender is forced to be involved in the dispute between the Borrower and any third party, litigation or arbitration fees, legal fees and other fees
thereby incurred to and paid by the Lender shall be borne by the Borrower. 
 XVI. For the settlement business hereunder, the Borrower must handle it
through the settlement account opened by the Lender. 
 XVII. The Borrower undertakes that its information published in the National Enterprise Credit
Information Publicity System is authentic, complete, legal and effective, and continuously agree that the Lender inquires the information published and not published by it in the aforesaid system. If the Lender requires capital verification, the
Borrower will agree about the capital verification as required by the Lender and provide the capital verification report by professional institute. 
 XVIII
The Borrower hereby states and authorizes: the Lender will have the right to make necessary investigations of the credit standing of the Borrower, and may, according to demands for the construction of enterprise and individual credit of government
departments, bank regulatory agencies, the People’s Bank of China, etc., submit the credit information, including the information on the Contract and other relevant information, to the credit system established or recognized by the aforesaid
departments and agencies; and, hereby allows the legal inquiry about relevant information. 
 XIX. If the Borrower breaches the Contract, or falls into any
circumstance impairing the Lender’s realization of creditor’s right, the Lender will be entitled to require the advance maturity of the subscribed capital contribution obligation of the Borrower and its shareholders, and the Borrower shall
make the capital contribution as required by the Lender in a timely way. The Lender will be entitled to require no dividend distribution to the Borrower and shareholders thereof. 

XX. For other matters stated and committed by the Borrower, see Paragraph 11 of Article 23 hereof, special clauses. 

Article 13 Recovery of the loan in advance 
 I. During the
loan period, the Borrower or the Guarantor (including the Guarantor or the mortgagor or the pledgor, hereinafter inclusive) falls into any one of the following circumstances: the Lender shall have the right to unilaterally decide to stop paying the
loan which has not been used by the Borrower and early recover the part or: all loan principal and loan repaid in installments. If the Lender recovers the loan in advance in a certain installment as agreed herein, other unexpired loan shall be
deemed to have expired in advance: 
 (I) Where false materials are provided or important business financial facts are concealed, and any evidence and
documents submitted to the Lender and any of the representations and commitments in Article 12 hereof are proved to be untrue, inaccurate or incomplete or deliberately misleading; 

(II) Where the original purpose of the loan is arbitrarily changed without the consent of the Lender, and the loan is misappropriated or used to engage in
illegal transactions; 
 (III) Where the false contracts concluded with the related parties are made use of, and the Lender’s fund or credit is
obtained by discounting or pledging to the Lender with notes receivable and accounts receivable which have no actual trade background; 
 (IV) Where the
Borrower refuses to accept the Lender’s supervision and inspection over its use of credit funds and related business financial activities; 
 (V) In
the event of major events such as merger, division, acquisition, restructuring, equity transfer, external investment, substantial increase in debt financing, etc., which the Lender believes possibly affecting the security of the loan; 

(VI) Where the Borrower intends to evade the creditor’s rights of the Lender through related party transactions; 

  
 13 

 (VII) Where the credit status deteriorates, and the liquidity (including contingent liabilities) is
significantly weakened; 
 (VIII) The borrower or its affiliated enterprises and the Guarantor or its affiliated enterprises fall into the cross default as
stipulated in Article 16 hereof; 
 (IX) Where the Borrower fails to repay the principal and interest of any financing hereunder on time; 

(X) Where the Borrower stops repaying its debts, or cannot or indicates that it cannot repay the debts due; 

(XI) Where the Borrower stops or suspends its business, is declared bankrupt, dissolved, revoked the business license, is revoked, or is subject to
deteriorating financial status; 
 (XII) Where the Borrower fails to perform the obligations as stipulated in Articles 11 and 14 hereof and other
obligations as stipulated herein, or the Guarantor fails to perform the obligations as stipulated in the guarantee contract; 
 (XIII) Where the value of
the collateral used for guarantee has been or may be significantly reduced, or the right to pledge must be cashed before the loan expires; 
 (XIV) Where
the Borrower or the legal representative of the Guarantor, the main investor, directors, supervisors, senior officers abnormally change, or are missing or investigated or restricted for personal liberty by the judicial organs according to law, which
have affected or may affect the performance of obligations hereunder; 
 (XV) The Borrower/Guarantor or its controlling shareholder, actual controller or
its affiliated person is involved in major litigation, arbitration or other disputes, or its major assets are seized, frozen, deducted, enforced or subject to other measures with similar effects, which may endanger or damage the Lender’s
rights; 
 (XVI) In case of events otherwise stipulated herein, or the circumstances in which the Borrower’s funds are returned, or other events that
endanger, damage or may endanger or damage the rights of the Lender. 
 II. In the case of the above-mentioned recovery of loan in advance, the Lender may
unilaterally decide whether to give the borrower a certain grace period depending on the Borrower’s production and operation, financial status and return of funds. If the Lender gives the Borrower a grace period, and the Borrower still fails to
take remedial measures or the remedial measures taken by the Borrower do not meet the requirements of the Lender during the grace period, the Lender shall have the right to unilaterally decide to recover the loan in advance; the Lender may also not
give the Borrower a grace period, and directly determines to recover the loan in advance. 
 III. In case of the recovery of loan in advance, the Lender
shall have the right to take corresponding measures as agreed in Paragraph 2 of Article 15 hereof. 
 Article 14 Obligation of the Borrower to disclose
major transactions and major events to the Lender 
 I. The Borrower shall promptly report the major transactions and major events of the Borrower to the
Lender in writing. 
 II. If the Borrower belongs to a group client, the Borrower shall promptly report its related party transactions with more than 10% of
net assets to the Lender in accordance with relevant provisions, including but not limited to: 
 (I) Connected relations among the parties to the
transaction; 
 (II) Transaction project and transaction nature; 

(III) Transaction amount or the corresponding proportion; 
 (IV)
Pricing policy (including transactions without amount or only having symbolic amount). 

  
 14 

 Article 15 Liability for breach 

I. After the validation of the Contract, the Borrower and the Lender shall fulfill obligations hereunder. If either party fails to fulfill any obligation
hereunder in whole or in part, the said party shall bear corresponding liability for breach of the Contract. 
 II. In case of the Borrower failing to use
the loan according to the purpose as agreed herein, pay the loan fund in the manner as agreed herein or abide by the matters as stated and committed, or information distortion of its document on the application for loan, breakthrough of the
stipulated financial indicators, major cross default events and other non-performance of any clause hereof, the Lender shall have the right to take one or more of the following measures: 

(I) requiring the correction of the breach within a prescribed time limit; 

(II) stopping issuing loans that have not been issued hereunder, and stopping paying the unpaid loan funds hereunder; 

(III) requiring the Borrower to supplement the provision of conditions for loan release and payment which meet the requirements of the Lender, or to cancel
the use of the loan by the Borrower in a manner of “payment by the Borrower itself”; 
 (IV) unilaterally decide to the acceleration of maturity
of all or part of the debts; 
 (V) unilaterally terminating or dissolve the Contract, and requiring the Borrower to pay off the due or undue loan principal
and interest and pay or compensate for the relevant losses; 
 (VI) requiring the Borrower to pay the overdue interest penalty in case of overdue loan;
requiring the Borrower to pay the interest penalty for misappropriation in case that the Borrower misappropriates the loan; requiring the Borrower to pay the compound interest on the unpaid interest; 

(VII) requiring the Borrower to add or replace the Guarantor, collateral, pledge/mortgage right; 

(VIII) implementing or realizing rights under any guarantee related to the loan; 

(IX) deducting the payment directly from any account opened by the Borrower in the Lender’s office, all branches of Industrial Bank and subsidiaries,
without going through judicial proceedings, or entrusting the Borrower’s bank opening the account to deduct the payment from its account, including but not limited to the loan principal and interest (including interest penalty and compound
interest), the relevant expenses hereunder; in case that the currency of the money in the account is different from the loan currency, the Lender shall have the right to convert the it into the loan currency at the middle price announced by the
Lender on the day of the deduction, in order to pay off the loan principal and interest; 
 (X) filing a lawsuit or arbitration to require the Borrower to
pay off the loan principal and interest, with the expenses incurred by the creditor to realize its creditor’s rights to be borne by the Borrower; 

(XI) The Lender has the right to detain or retain any movable or immovable property, tangible property or intangible property of the Borrower under the
control and possession of the Lender or to take other measures deemed appropriate by the Lender; 
 (XII) Other measures prescribed by laws and regulations
or as agreed herein or as deemed appropriate by the Lender. 
 III. Subject to the preconditions for withdrawal and conditions for payment of loan funds as
agreed herein, if the Lender fails to provide the loan according to the agreed date and amount, causing the loss to the Borrower, it shall compensate the Borrower for the direct economic loss arising thereby. However, the Lender shall not be liable
for compensating any foreseeable or unforeseen indirect losses of the Borrower arising therefrom. 
 IV. During the performance of the Contract, if the
materials provided by the Borrower are untrue, inaccurate, and incomplete or have other defects, causing the wrong payment by the Lender upon authorization, late payment, the Borrower’s handling of the independent payment in violation of the
Contract or other losses, the Lender shall not assume any liability. 
 V. The Lender shall not bear any liability for the disputes over the loan release or
payment or other losses, due to the freeze of the account for granting the loan or the account of payment object as agreed herein, or for other reasons. 

VI. Where the Guarantor (i.e. Guarantor, Mortgagor or Pledgor) hereunder falls into any one of the following circumstances, the Lender shall have the right to
take measures as agreed in Paragraph 2 of this article: 

  
 15 

 (I) Where the Guarantor fails to perform the agreement under the guarantee contract, or the credit status
deteriorates, or the event that other guarantee ability is weakened occurs; 
 (II) Where the Mortgagor fails to perform the mortgage contract, or
intentionally damages the collateral, or the value of the collateral may be or have been significantly reduced, or other events damaging the Lender’s mortgage right occur; 

(III) Where the Pledgor fails to perform the pledge contract, or the value of the collateral has been or may be significantly reduced, or the right to pledge
must be cashed before the loan is paid off, or other events damaging the pledge of the Lender occur; 
 Article 16 Cross default 

In case that the Borrower or its affiliated enterprises and the Guarantor or its affiliated enterprises fall into any one of the circumstances, it shall be
deemed as the Borrower’s breach of the Contract, and the Lender shall have the right to recover the loan in advance as agreed Article 13 hereof, and shall require the Borrower to bear the liability for breach as agreed Article 15 hereof: 

(I) Where any loan, financing or debt falls or may fall into the default, or is declared to expire in advance; 

(II) Where any guarantee or similar obligation fails to be performed, or has the possibility of non-performance; 

(III) Where legal documents or contracts relating to the debt guarantee and other similar obligations fail to be performed or is violated, or there is the
possibility of non-performance or violation thereof; 
 (IV) Where the circumstance of inability to pay off the
debts due or the loan/financing due occurs or will occur; 
 (V) Where the Borrower is declared or about to be declared bankrupt upon legal proceedings;

 (VI) Where the Borrower transfers its assets or property to other Creditors; 

(VII) In the event of other circumstances that endanger the security of the loan principal and interest hereunder. 

Article 17 Continuity of obligations 
 All obligations of
the Borrower hereunder are continuous, and bear the full and same binding force on its successor, agent, receiver, transferee and objects after its merger, reorganization and change of name. 

Article 18 Advance maturity of the principal and interest 

The Borrower agrees that, the Lender has the right to determine any other obligation of the Borrower to the Lender, including the obligation to repay all due
and undue loan principal and interest (including interest penalty and compound interest) hereunder, will expire immediately, once the Borrower fails to perform Article 12 hereof, representations and commitments, or fails to perform any of its
obligations hereunder. 
 Article 19 Application of laws, governance and dispute resolution 

I. The conclusion, validation, performance, dissolution and interpretation of the Contract and dispute resolution shall be subject to the laws of the
People’s Republic of China (for the purpose of the Contract, excluding laws of the Hong Kong Special Administrative Region, the Macao Special Administration Region and Taiwan). 

II. See Paragraph 12 of Article 23 Special clauses hereof for dispute resolution methods specified hereunder. 

III. In the period of a dispute, clauses not in dispute hereof shall still be performed. 

Article 20 Correspondence documents, communications and notices 

I. The Borrower agrees and confirms that the following address is the service address of notices given by the Lender as well as dunning and litigation
(arbitration) instruments about debts/guarantee obligations hereunder (including but not limited to indictments (or arbitration applications) and evidences, summons, notices of responses to actions, notices of proof, notices of court session,
payment orders, judgments (awards), rulings, mediation documents, execution notices, notices of fulfillment within a prescribed time limit and other legal instruments in the phases of litigation or arbitration hearing and execution). See Paragraph
13 of Article 23 hereof, special clauses. 

  
 16 

 II. As long as any document, communication, notice or legal instrument is sent as per any of the aforesaid
addresses, it will be deemed that it is served at the following date accordingly (the service to the designated collecting agent will be deemed as the service to the addressee): 

(I) as for postal delivery (including express mail, regular mail and registered mail), the fifth working day after the posting day will be deemed as service
day; 
 (II) as for fax, e-mail, short message or any other electronic communication address, sending day will be
deemed as service day; 
 (III) as for personal service, the day of signing for receipt by the addressee will be deemed as service day. If the address
refuses to receive an instrument, the serving person may record service process by taking picture or video, and leave the instrument, and it will be deemed that the instrument has been served. 

III. Where the Lender sends a notice by issuing an announcement at its network, online banking website, phone bank or business outlet, the day of issuing the
announcement will be deemed as service day. In any circumstance, the Lender will not need to bear any liability for any transmission error, omission or delay occurring in the post, fax, phone or any other communication system. 

IV. The parties agree that their corporate seal, office seal, special seal for finance, special seal for contract and receiving and sending seal, the special
seal for credit business of the Lender and so on are effective seals for notices, contacts, the service of legal instruments and letters of the parties. All staff members of the Borrower’s unit are authorized signer of correspondence documents,
communications and notices. 
 Article 21 Contract validity and other matters 

I. The Contract shall come into force as of the date when both parties sign the Contract and affix their seals hereon. 

II. In the effective period of the Contract, any tolerance, grace, preference or delay in exercise of interests or rights hereunder granted by the Lender to
the Borrower or the Guarantor will not damage, affect or restrict all interests and rights enjoyed by the Lender according to relevant laws and the Contract, shall not be deemed as the Lender’s waiver of the rights or interests hereunder, and
will not affect any obligation of the Borrower hereunder. 
 III. In the event that any of the national laws, regulations or regulatory policies changes,
leading to the Lender’s performance of the loan grant obligations as agreed herein failing to comply with the laws, regulations or regulatory requirements, the Lender shall be entitled to unilaterally terminate the Contract and announce that
all the loans that have been granted will mature in advance; in that case, the Borrower shall immediately repay the loan at the request of the Lender. 

IV. If the loan fails to be granted or the payment fails to be handled in a timely manner, due to force majeure, communication or network failure, the failure
of the Lender’s system and for other reasons, the Lender shall not bear any liability, but shall promptly notify the Borrower. 
 V. The Lender shall
be entitled to authorize or entrust any other branch of Industrial Bank to fulfill rights and obligations hereunder (including but not limited to authorizing or entrusting any other branch of Industrial Bank to enter into relevant contracts) as per
business management demands, or transfer the loan hereunder to any other branch of Industrial Bank for undertaking and acceptance. If the Borrower agrees, it is unnecessary for the Lender to otherwise obtain the consent of the Borrower in respect of
aforesaid behaviors of the Lender. 
 VI. The Borrower agrees that the Lender is entitled to unilaterally increase or decrease or cancel the loan amount
unused hereunder in accordance with the Borrower’s production and operation, repayment, credit granting of other financial institutions and other factors. If the Lender decides to increase or decrease or cancel the same, it shall notify the
Borrower five working days in advance, but without otherwise obtaining the consent of the Borrower. 
 VII. Where any clause hereunder is or becomes
unlawful, invalid or unenforceable in any respect at any time, the legality, validity or enforceability of other clauses hereunder shall not be affected or impaired. 

VIII. The subheadings hereof are added only for the purpose of reading convenience, and shall not be used for the interpretation hereof or for any other
purpose. 
 IX. The appendix hereto constitutes an integral part hereof and bears the same legal effect as the text of the Contract. 

  
 17 

 Article 22 Notarization and voluntary acceptance of compulsory execution 

I. If either party puts forward a requirement for notarization, the Contract shall be notarized by a notary organ stipulated by the State. 

II. The notarized contract has the effect of compulsory execution. If the Borrower fails to perform the debt or the Lender realizes the creditor’s rights
as stipulated by laws and regulations and the Contract, the Borrower shall agree that the Lender applies to the notary organ for issuing execution certificate with the effect of compulsory execution, and the Lender shall have the right to directly
apply for compulsory execution to the competent people’s court with such execution certificate. 
 Article 23 Special clauses 

I. Notes about contracting parties 
  

			
	(I) Lender: Industrial Bank Co., Ltd. Shanghai Xuhui Sub-branch	 	  

 

			
	Domicile: No. 238, Zhaojiabang Road	 	  

 

			
	Legal representative/Principal: Lu Shen	 	  

 

			
	(II) Borrower: Shanghai ECMOHO Health Biotechnology Co., Ltd.	 	  

 

			
	Domicile: Floors 2 and 3, No.1000 Tianyaoqiao Road, Xuhui District, Shanghai, China	 	  

 

			
	Legal representative/Principal: Wang Ying	 	  

 II. The Lender and the Borrower confirm that the loan hereunder falls into the first circumstance: 

(First) The Contract is a sub-contract of the / Credit Line Contract (i.e. the general contract) with the Contract No.
/ , and the credit line is equivalent to RMB’00,000,000 only, with the valid period of the credit from mm/dd/yy to mm/dd/yy. The amount of this loan is included in the credit line. Among them, the loan amount in foreign currency shall be
included in the credit line by being converted into RMB at the middle price announced by the Lender on the date of signing the Contract. 
 (Second) The
Contract is an independent legal text made by and between the Lender and the Borrower. 
 III. Loan amount 

The Lender agrees to provide the Borrower with a loan (currency) RMB              only (amount in
words). 
 IV. Loan purposes 
 The loan is used for daily
business turnover including purchase of nutritional supplements. The Borrower may not misappropriate the loan for other purposes without the written consent of the Lender. 

V. Loan term 
 (I) The loan term is 12 months, that is, from
June 12, 2018 to June 11, 2019. 
 (II) The plan for the use of loan in installments is: 

     RMB’0,000 used on mm/dd/yy; RMB’0,000 used on mm/dd/yy; 

     RMB’0,000 used on mm/dd/yy; RMB’0,000 used on mm/dd/yy; 

     RMB’0,000 used on mm/dd/yy; RMB’0,000 used on mm/dd/yy; 

     RMB’0,000 used on mm/dd/yy; RMB’0,000 used on mm/dd/yy; 

     RMB’0,000 used on mm/dd/yy; RMB’0,000 used on mm/dd/yy; 

The Borrower shall apply to the Lender for handling the withdrawal procedures within three working days before each withdrawal date or at other time as
requested by the Lender in writing. 

  
 18 

 If the Borrower fails to withdraw the loan according to the above-mentioned agreed period of using the loan
in installment, the Lender shall have the right to require the Borrower to pay the amount equivalent to 0.0X% of the loan amount which should be withdrawn in the current period as the liquidated damages. 

VI. Loan interest rate and interest collection 
 (I) For the
pricing benchmark interest rate, the first agreement of the following manners will apply; 
 (First) One-year
PBOC RMB Benchmark Lending Rate. 
 (Second) / (period) PBOC RMB Deposit Benchmark Rate. 

(Third) / (period) LPR. 
 (Fourth) / (period) SHIBOR. 

(Fifth) / (period) LIBOR. 
 (Sixth) / (period) HIBOR. 

(II) For the pricing formula for the loan interest rate, the second method will apply as follows: 

(First) Loan interest rate = Pricing benchmark interest rate + / %. 

(Second) Loan interest rate = Pricing benchmark interest rate × 1.4. 

(III) For the loan interest rate (namely, annual interest rate, hereinafter inclusive), the second agreement of the following manners will apply: 

(First) Fixed interest rate. The loan interest rate is determined according to the pricing benchmark interest rate and the pricing formula on the actual date
of loan release, with the interest rate unchanged during the loan period. 
 (Second) Floating interest rate. The loan interest rate is determined according
to the pricing benchmark interest rate and the pricing formula on the actual date of loan release and the adjustment date of interest rate. On the adjustment date of interest rate, the A method will apply: A. the floating cycle is a quarter
(month/quarter/half a year/year/other cycle). The corresponding date for each full cycle from the actual date of loan release is the adjustment date of interest rate hereunder; if there is no corresponding date in the current month, the last day in
such month shall be the corresponding day; B. /         
 During the loan period, the Borrower will not be notified
of any adjustments to benchmark interest rate. 
 (Third) Other methods for the interest rate:     / . 

(IV) For the repayment method of the loan interest, the first agreement of the following manners will apply: 

(First) The loan hereunder agrees that the 21th of the last month of each quarter (month/ last month of a quarter/ last month of half a year/ last month of a
year / other cycle) is the interest payment date. The Borrower shall pay the loan interest for the current period to the Lender on the interest payment date, and settle the remaining principal and interest when the loan is due. 

(Second) The corresponding date (in case that there is no corresponding date in the current month, the last day in such month shall be the
corresponding date) for each full / (month / quarter / half a year / year / other cycle) from the actual date of loan release is the interest payment date of each installment. The Borrower shall pay the loan interest for the current period to the
Lender on the interest payment date, and settle the remaining principal and interest when the loan is due. 
 (Third) The initial interest payment date is
on mm/dd/yy. The corresponding date (in case that there is no corresponding date in the current month, the last day in such month shall be the corresponding date) for each full / (month / quarter / half a year / year / other cycle) from the initial
interest payment date is the interest payment date of each installment. The Borrower shall pay the loan interest for the current period to the Lender on the interest payment date, and settle the remaining principal and interest when the loan is due.

 (Fourth) Other methods of repayment:     / . 

  
 19 

 (V) If the Borrower fails to use the loan in accordance with the purposes as stipulated herein, the Lender
shall have the right to charge the interest penalty on the misappropriated loan, with the penalty interest rate at the loan interest rate rising by 100%; Where the Borrower fails to repay the loan as scheduled and does not reach an agreement
with the Lender on the extension matters, it will constitute delay of loans, in which case, the Lender shall be entitled to collect interest penalty for the delayed loans, with the penalty interest rate at the loan interest rate rising by
50%; For interest that have not been paid on time (including interest before and after the loan expires, interest penalty on the loan misappropriation and overdue penalty interest), the Lender has the right to collect the compound interest at
the penalty interest rate of the overdue loan as agreed herein. Where the same loan is overdue and fails to be used as agreed herein, the higher penalty interest rate will apply. 

VII. Account monitoring 
 (I) Account for fund return 

The Borrower appoints the following account as a special account for fund return, and provides the inflows and outflows of the funds in such account in a
timely manner. 
  

			
	Account name: /Account number: /	 	  

			
		
	Bank of deposit: /	 	  

 (II) Payment upon authorization 

For the payment of loan funds under any one of the following circumstances, the method of payment by the Lender upon authorization shall be adopted: 

1. The Borrower and the Lender newly establish a credit business relationship and the Borrower’s rating level in the Lender’s unit is below B3
(inclusive). “Newly established credit business relationship” refers to credit business relationship initially established by the Lender and the Borrower or the credit business relationship which has not occurred within 2 years; 

2. Working capital loan for replacement; 
 3. The payment object
is clear or single payment amount is more than RMB’0,000 (inclusive) (for the loan in foreign currency, it is converted at the middle price announced by the Lender on the payment date); 

4. Others: /. 
 VIII. Repayment of loan principal and interest

 (I) For the loan principal hereunder, the second repayment method will apply as follows: 

(First) Repay the loan principal in installments, with the principal amount to be repaid and repayment date as follows: 

     RMB’0,000 repaid on mm/dd/yy; RMB’0,000 repaid on mm/dd/yy; 

     RMB’0,000 repaid on mm/dd/yy; RMB’0,000 repaid on mm/dd/yy; 

     RMB’0,000 repaid on mm/dd/yy; RMB’0,000 repaid on mm/dd/yy; 

     RMB’0,000 repaid on mm/dd/yy; RMB’0,000 repaid on mm/dd/yy; 

 

			
	 /
	 	°

 If the Lender adjusts the plan for the use of loan in installments, the date and amount of repayment of the loan in
installments as agreed herein shall be unchanged, and the Borrower shall return the loan principal on time. 
 (Second) The loan principal is fully repaid
in a lump sum on the maturity date of the loan. 
 (Third) Other methods of repayment of loan principal: / 

			
	  
	 	 
	  
	 	.

 (II) If the Borrower fails to repay the loan under the loan contract on time and needs to extend the loan repayment period, it
shall submit a written application for the loan extension to the Lender before / working day(s) before the expiration date of the loan. Upon examination and approval by the Lender, both parties shall separately sign the Loan Renewal Contract as a
supplementary contract hereto. 
 (III) Repayment in advance 

The Borrower shall repay the loan principal and interest thereon on the date as agreed herein. 

  
 20 

 If the Borrower requests the return of the loan principal and interest in part or in whole in advance, it
shall notify the Lender in writing 10 working days in advance, and obtain the Lender’s written consent. Upon approval of the Lender, after the Borrower repays the loan principal and interest in part in advance, it shall negotiation with
the Lender about the repayment installment, time and amount thereafter. For loan principal returned in advance, the interest thereon shall be charged according to the actual period of use and at the loan interest rate as agreed herein. The Lend will
no longer adjust the loan interest collected before the repayment in advance. 
 If the Borrower requests the repayment in advance, the Lender shall have
the right to request the Borrower to pay the liquidated damages at /% of the amount repaid in advance. 
 IX. Guarantee 

The following contracts are guarantee contracts hereunder: 
 (I)
The “Guarantee Contract” (contract name), with the contract No. 01611-1, the guarantee method of guarantee, and the Guarantor of Wang Ying; 

(II) The “Guarantee Contract” (contract name), with the contract No. 01611-2, the guarantee method of
guarantee, and the Guarantor of Zeng Qingchun; 
 (III) The / (contract name), with the contract No. / , the guarantee method of / , and the Guarantor of /
; 
 (IV) The / (contract name), with the contract No. / , the guarantee method of / , and the Guarantor of / ; 

(V) The / (contract name), with the contract No. / , the guarantee method of / , and the Guarantor of / ; 

(VI) The / (contract name), with the contract No. / , the guarantee method of / , and the Guarantor of / ; 

X. Rights and obligations of both parties 

  
 21 

 (I) The Borrower’s equity changes, with the equity reaching / % (including but not limited to equity
transfer, custody, escrow, pledge, etc.). 
 (II) The Guarantor’s equity changes, with the equity reaching / % (including but not limited to equity
transfer, custody, escrow, pledge, etc.). 
 (III) The Borrower guarantees to maintain the financial status including current assets and net value of
assets, asset-liability ratio and asset flow ratio within the following scope required by the Lender:     /    . 

11. Other matters stated and committed by the Borrower:    /    . 

XII. Dispute resolution 
 The Borrower and the Lender shall
settle any dispute arising from the Contract through amicable negotiation; if the amicable negotiation fails, both parties will agree to settle it by the third method below: 

(First) Institute legal proceedings to a people’s court at the domicile of the Lender. 

(Second) Apply for arbitration to / Arbitration Committee, and be subject to arbitration rules of the said committee prevailing at the time of arbitration to
settle the dispute. Within the scope allowed by the arbitration rules, the parties agree about trial by simple procedures. The arbitral award is final and binding on both parties. The arbitral tribunal selects to open a court session at /. 

(Third) Other means: institute legal proceedings to the people’s court at the place where the Contract is concluded. 

XIII. Correspondence documents, communications and notices 
 The
Borrower agrees and confirms that the following address is the service address of notices given by the Lender as well as dunning and litigation (arbitration) instruments about debts/guarantee obligations hereunder (including but not limited to
indictments (or arbitration applications) and evidences, summons, notices of responses to actions, notices of proof, notices of court session, payment orders, judgments (awards), rulings, mediation documents, execution notices, notices of
fulfillment within a prescribed time limit and other legal instruments in the phases of litigation or arbitration hearing and execution). 
 (I) Address of
the addressee: 
 1. Name of the Borrower: Shanghai ECMOHO Health Biotechnology Co., Ltd.; 

Address of the Borrower: 2/F, No.1000 Tianyaoqiao Road, Xuhui District, Shanghai; 

Zip code: 200030; Tel.:****; 
 Contact: Wang Ying. 

2. Name of the designated addressee’s agent (if any): / ; 

Address of the addressee’s agent:     / ; 

Zip code:     / ; Tel.: /      . 

(II) The Borrower agrees and confirms that the Lender may send notices by adopting any of the following electronic communication address: 

1. By fax, with the number:     / ; 
 2. E-mail, and address:     / ; 

  
 22 

 3. Short message, with the phone number: ****. 

(III) In case of a change in any of the aforesaid service address, the Borrower shall promptly notify the Lender in writing and confirm the service address
again. If not, it will be deemed that the address is not changed, and relevant liability arising therefrom, if any, will be independently borne by the Borrower. 

XIV. The Contract is made in six copies of the same legal effect, respectively five for the Lender, one for the Borrower. 

XV. Supplementary terms 
 If the Borrower requests the return of
the loan principal and interest in part or in whole in advance, it shall notify the Lender in writing at least 10 working days in advance, and obtain the Lender’s written consent. 

If the Borrower requests the advance repayment, the Lender shall have the right to request the Borrower to pay the liquidated damages according to the formula
of “amount repaid in advance * loan interest rate* the remaining natural days of the loan/360”. 
 In case of any inconsistency between other
agreements hereof and the supplementary clauses, the latter shall prevail. 
 See the Appendix Letter of Confirmation about Service Addresses of Litigation
Documents and All Other Documents (No. sd01611) for the service of litigation documents and all other documents; relevant clauses hereof and agreements in the Letter of Confirmation about Service Addresses of Litigation Documents and All
Other Documents complement each other. In case of any inconsistency, the Letter of Confirmation about Service Addresses of Litigation Documents and All Other Documents shall prevail. 

Lender (corporate seal): 
 Industrial Bank Co., Ltd. Shanghai
Xuhui Sub-branch (Seal) 
 Principal or owner (signature and seal): Lu Shen (seal) 

Borrower (official seal): 
 Shanghai ECMOHO Health Biotechnology
Co., Ltd. (Seal) 
 Legal representative or owner (signature and seal): Wang Ying (Seal) 

Signed on: June 12, 2018 

Signed at: No.168 Jiangning Road, Shanghai 

  
 23 

  
 Guarantee Contract

 (Applicable to corporate single business) 

Contract No.:
01611-2                                  
           
 Creditor: Industrial Bank Co., Ltd. Shanghai Xuhui Sub-branch 
 Guarantor (entity):
  /                                       
        
 Guarantor (natural person): Zeng Qingchun 

  
 1 

 Important Notes for Signing 

In order to maintain your rights and interests, please carefully read, check and confirm the following matters before signing the Guarantee Contract: 

I. You have the right to sign the Contract, and have obtained full authorization, if it is necessary to obtain the consent of others; 

II. You have carefully read and fully understood clauses of the Contract, and have specially paid attention to the assumption of relevant responsibilities,
the exemption from or restrictions to the liability of Industrial Bank as well as contents in bold; 
 III. Your company and you have fully understood
meanings of clauses hereof as well as corresponding legal consequences, and are willing to accept such clauses; 
 IV. The text of the Contract provided by
the Industrial Bank is a model text, with blank lines left for relevant clauses hereof, and includes “Supplementary Clauses” at the end of the Contract for the parties’ amendment, supplement or deletion of the Contract; 

V. In case of any doubt about the Contract, please consult the Industrial Bank in time. 

  
 2 

 The Guarantor provides guarantee for financing services provided by the Creditor for debtor (see Paragraph
II of Article 17 Special clauses hereof for the name of the debtor, the “Debtor”). In order to specify responsibilities and abide by credit, the parties hereby conclude the Guarantee Contract (the “Contract”) upon negotiation.

 Article 1 Definitions and Interpretations 
 Save as
otherwise specified hereunder, 
 I. The “financing” refers to the loan, documentary bills, acceptance, discount, guarantee and other financial
services provided by the Creditor for the Debtor pursuant to the main contract. 
 II. Definitions and interpretations under the Main Contract apply to the
Contract. 
 Article 2 Explanations on contracting parties 

See Paragraph I of Article 17 Special clauses hereof. 

Article 3 Main contract 
 I. Basic contents of the main
contract for the guarantee hereunder: See Paragraph III of Article 17 Special clauses hereof. 
 II. In case of any inconsistency between any actual content
of the main contract and any of the aforesaid agreement, contents of the certificate of creditor’s right such as loan note shall prevail. 
 Article
4 Scope of guarantee 
 I. The scope of guarantee hereunder includes the financing principal, interests (including default interests and compound
interests), default fines, liquidated damages and expenses incurred by the Creditor to realize its creditor’s rights hereunder (the “Guaranteed Creditor’s Right”). Expenses incurred by the Creditor to realize its creditor’s
rights refer to litigation (arbitration) expenses, attorney fees, travel expenses, execution fees, costs of preservation paid by the Creditor for realizing its creditor’s right by litigation, arbitration, the application to a notary authority
for issuing execution certificate and other means, as well as other necessary expenses for realizing the creditor’s right. 
 II. For the avoidance of
ambiguity, all expenses and expenditures (including but not limited to attorney fees and litigation or arbitration expenses) incurred by the Creditor for preparing, improving, performing or compulsorily implementing the Contract or exercising rights
hereunder or those relating to that constitute a part of the Guaranteed Creditor’s Right. 
 Article 5 Guarantee Mode 

I. The Guarantor undertakes joint and several guarantee responsibilities hereunder. If there are several guarantors hereunder, the guarantors will undertake
joint and several guarantee responsibilities concerning the Guaranteed Creditor’s Right for the Creditor. 
 II. If the Debtor fails, upon the maturity
of the fulfillment period of principal debt, to repay principal and pay interests in accordance with the main contract on time, the Guarantor will undertake joint and several settlement responsibility. 

III. If the Creditor declares, in the fulfillment period of the principal debt, the advance maturity of the said period in accordance with the main contract,
the Guarantor will undertake the joint and several settlement responsibility for the principal debt mature in advance as well as other debts within the scope of guarantee. 

Article 6 Guarantee period 
 I. The guarantee period is
two years as from the date when the fulfillment period of the main debt expires. 
 II. The guarantee period for the acceptance of bank acceptance bills and
that under the L/C and the L/G is two years as from the date when the Creditor advances monies. If the Creditor advances monies by instalments, the guarantee period shall respectively start from the date of each sum of advance. 

III. The guarantee period for the discount of commercial bills is two years as from the date of maturity of the discounted bills. 

  
 3 

 IV. If the Creditor recovers loan pursuant to the main contract or the Contract in advance, or the
fulfillment period of the main debt expires in advance in any circumstance set out in any law or administrative regulations, the guarantee period will be two years as from the date when the debt under the main contract expires in advance as
determined by the Creditor. 
 V. If the main creditor’s right is repaid by instalments, the guarantee period of creditor’s right of each phase
will be calculated by phase and be two years as from the date when the creditor’s right of each phase expires. 
 VI. Where the Creditor and the Debtor
reach an agreement about extension of the fulfillment period of the debt under the main contract, the Guarantor will continuously undertake guarantee responsibilities, and the guarantee period will be two years as from the date when the fulfillment
period of the debt set out in the extension agreement. 
 Article 7 Demand guarantee 

The debt of the Guarantor hereunder shall be paid on demand. That is to say, as long as the Creditor submits to the Guarantor a debt dunning notice specifying
the number of the Guarantee Contract and the amount of main debt, the Guarantor shall immediately fulfill settlement responsibility at the date of receiving the notice. 

Article 8 Statements and Warranties of the Guarantor 
 I.
The Guarantor, as an independent legal subject, has the capacities for all necessary civil rights and behaviors, guarantor qualifications and settlement substitution capacity stipulated by law, and is willing to undertake and fulfill guarantee
responsibilities. 
 II. If the Guarantor is an entity, the conclusion of the Contract fully conforms to the articles of association, internal decision as
well as the resolutions of the board of shareholders and the board of directors of the Guarantor. The conclusion of the Contract does not conflict with or run counter to the articles of association, contract, resolution of the board of shareholders
or the board of directors or policies of the Guarantor. 
 III. The conclusion and performance of the Contract by the Guarantor does not violate any
provision or agreement binding upon assets thereof, the guarantee agreement or other agreement signed by the Guarantor with others or any other document, agreement or commitment binding upon the Guarantor. 

IV. All documents, materials, statements, vouchers and so on provided by the Guarantor for the Creditor are accurate, authentic, complete and effective, and
the Guarantor accepts the examination and supervision conducted by the Creditor for production and operation activities and financial position thereof. 

V. The Guarantor knows and agrees about all clauses of the main contract, and is willing to provide guarantee for the debtor under the main contract and
fulfill the joint and several settlement obligation in accordance with the Contract. If the Guarantor is a natural person, the Guarantor further undertakes: if the Guarantor is lost or is declared to be lost, cannot be contacted normally, has
his/her whereabouts unknown, or loses the capacity for necessary civil behaviors, his/her guardian and property receiver will undertake the guarantee responsibilities hereunder for the Creditor to the limit of properties of the Guarantor; if the
Guarantor is dead or is declared to be dead, his/her guarantee responsibilities for the Creditor hereunder will be fulfilled by his/her legacies. 
 VI. The
Guarantor does not conceal any of the following events which has occurred or is about to occur and may make the Creditor not accept the Guarantor: 
 1. any
event of material discipline violation, illegality or claim relating to the Guarantor or main leader thereof; 
 2. any outstanding litigation or
arbitration event; 
 3. any debt or contingent liability undertaken by the Guarantor, or any guarantee or mortgage (pledge) guarantee provided for a third
person; 

  
 4 

 4. any default event of the Guarantor under a contract concluded with the Creditor or any other creditor; or

 5. any other circumstance affecting the financial position or guarantee capability of the Guarantor. 

VII. After having fulfilled the guarantee responsibilities, the Guarantor has the right to claim monies from the debtor on the premise of no influence on the
debtor’s future repayment of debt. If the debtor faces the claim of the Guarantor and any payment requirement of the Creditor under the main contract, the Guarantor will agree that the debtor priorly repays the debt of the Creditor. 

VIII. If the debtor and the Guarantor have or will conclude a counter guarantee contract concerning the guarantee obligation under the Contract, the counter
guarantee contract will not legally or actually impair any right enjoyed by the Creditor hereunder. 
 IX. If there is any other guarantee hereunder, the
guarantee responsibilities assumed by the Guarantor for the Creditor will not be affected by the guarantee provided by any other guarantor, or be exempted from or decrease due to that, and the guarantee responsibility will not be assumed by the
Guarantee on the premise that the Creditor makes a claim or initiates legal proceedings/arbitration/compulsory execution against any other guarantor. 
 X.
If there is any other guarantee (including but not limited to guarantee, mortgage, pledge, standby L/C and guarantee in any other form) under the main contract, the Guarantor will agree: the Creditor may waive some guaranteed real rights or the
sequence of guaranteed real rights (including the situation that the collaterals are provided by the debtor), and the creditor and any mortgager/pledgor (including the situation that the mortgagor/pledgor is the debtor) may change under agreement
the sequence of guaranteed real rights, the amount of guaranteed creditor’s right and other contents. Even if the Creditor conducts any of the abovementioned behaviors, the Guarantor will still undertake all the guarantee responsibilities in
accordance with the Contract. 
 XI. Before all the obligations hereunder have been fulfilled, if the Guarantor changes any property change or adjusts
business mode (including but not limited to the conclusion of a joint venture or cooperation contract with a foreign merchant or a merchant from Hong Kong, Macao or Taiwan; revocation, shutdown, suspension of production, change of production or
alteration; division, merger, acquisition of any other entity or acquisition by any other entity; recombination, establishment of or reconstruction into a joint-stock company or investment company; acquisition of or investment in a joint-stock
company by fixed assets such as buildings, machines and equipment or intangible assets such as trademarks, patents, know-hows or land use rights, or the transaction of property right or business right by lease, contracting, joint operation, custody
or any other means; or, any other institutional change or change in business nature), the Guarantor will notify the Creditor in writing one month in advance. If the Creditor requires the addition or change of guarantee method or subject, the
Guarantor will ensure the new guarantee method or subject acceptable to the Creditor. 
 XII. Concerning any default event occurring under the Contract, or
any contract or guarantee contract concluded with any department or organization of the Creditor, any other bank, a non-bank financial institution or entity, or any other contract, the Guarantor will
immediately notify the Creditor in writing. 
 XIII. If the Guarantor handles formalities of establishment, change or deregistration with the state
administration for industry and commerce or any other relevant department of the State, the Guarantor will send relevant registration duplicate to the Creditor at once. 

XIV. In the period of guarantee, the Guarantor guarantees that it/he/she will not transfer or conceal any property by any means, or waive or negatively
exercise the creditor’s rights. 
 XV. In case of any equity change (including but not limited to equity transfer, custody, escrow or pledge) in the
guarantee period, the Guarantor shall immediately notify the Creditor in writing at the date of occurrence; where the percentage of changed equity reaches the percentage agreed upon (see Paragraph IV of Article 17 Special agreements hereof for the
specific percentage), the Guarantor shall obtain the written consent of the Creditor in advance. 

  
 5 

 XVI. If the Guarantor is an entity, it will undertake that its information published in the National
Enterprise Credit Information Publicity System is authentic, complete, legal and effective, and continuously agree that the Creditor inquires the information published and not published by it in the aforesaid system. If the Creditor requires capital
verification, the Guarantor will agree about the capital verification as required by the Creditor and provide the capital verification report by professional institute. 

XVII. If it is declared that the Guarantor is bankrupt, is dissolved or has its business license revoked, its financial position deteriorates or any other
significant event probably affecting or seriously affecting its responsibility fulfillment capacity occurs, the Guarantor will notify the Creditor in writing immediately on the day of occurrence of the event. 

XVIII. If the Guarantor is involved into any material litigation or arbitration case or any other material dispute with any third party, or the
Guarantor’s material assets are detained, seized, frozen or executed compulsorily or receive any other measure with the same effect, probably affecting or seriously affecting its responsibility fulfillment capacity, the Guarantor will notify
the Creditor in writing immediately on the date of occurrence of the event. 
 XIX The Guarantor hereby states and authorizes: the Creditor will have the
right to make necessary investigations of the credit standing of the Guarantor, and may, according to demands for the construction of enterprise and individual credit of government departments, bank regulatory agencies, the People’s Bank of
China, etc., submit the credit information, including the information on the Contract and other relevant information, to the credit system established or recognized by the aforesaid departments and agencies; and, hereby allows the legal inquiry
about relevant information. 
 Article 9 Creditor’s rights 

I. If the debtor fails to repay the debt under the main contract or the Guarantor fails to fulfill any agreement hereunder, the Guarantor will hereby
irrevocably authorize the Creditor to directly deduct monies in any account of the Guarantor to repay the debt within the scope of guarantee, without legal proceedings such as litigation or arbitration. Where the Creditor deducts monies from an
account of the Guarantor, if the currency of the monies is different from that of the main debt, the Creditor will convert the monies by the price published by the Creditor on the date of deduction. 

II. The Creditor will be entitled to require the Guarantor to provide the financial reports, financial statements and other materials reflecting business
conditions and credit standing thereof. 
 III. Where the main debtor fails to repay the debt according to the contract, no matter whether the Creditor has
other guarantee (including but not limited to guarantee, mortgage, pledge, L/G, standby L/C and guarantee in any other form) for the creditor’s right under the main contract, the Creditor will be entitled to first require the Guarantor to
fulfill all guarantee responsibilities hereunder, with no need to first exercise any other guarantee right. The Guarantor is willing to waive the plea of requiring the Creditor to firstly exercise the right relating to the guarantee of offerings of
the debtor as well as all other pleas against the Creditor under the Guarantee Law and the Real Rights Law. 
 IV. The Creditor will be entitle to transfer
part or all of creditor’s rights under the main contract and corresponding guarantee interests to a third party (or a special purpose vehicle establishing trust or assets management plan), without the consent of the Guarantor. With respect to
the creditor’s right already transferred (or the special purpose vehicle establishing trust or assets management plan, etc.) and not transferred (if any), the Guarantor agrees to provide guarantee for the transferee of the creditor’s right
(or the special purpose vehicle establishing trust or assets management plan, etc.) and original creditor (if any) in accordance with the Contract. 
 V.
Where the Guarantor is an entity, if it breaches the Contract, or falls into any circumstance impairing the Creditor’s realization of creditor’s right, the Creditor will be entitled to require the advance maturity of the subscribed capital
contribution obligation of the Guarantor and its shareholders, and the Guarantor shall make the capital contribution as required by the Creditor in a timely way. The Creditor will be entitled to require no dividend distribution to the Guarantor and
shareholders thereof. 

  
 6 

 Article 10 Alteration of the main contract 

The Guarantor agrees and confirms: As for the amendment to or alteration of the main contract by the Creditor and the debtor through negotiation or the
financing extension under the main contract, it will be deemed that the prior consent of the Guarantor has been obtained, with no need to notify the Guarantor, and the Guarantor’s guarantee responsibilities will not be exempted from or
decreased for that. 
 Article 11 Events of default and liability for breach 

I. After the validation of the Contract, the Creditor and the Guarantor shall fulfill obligations hereunder. If either party fails to fulfill any obligation
hereunder in whole or in part, the said party shall bear corresponding liability for breach of the Contract. 
 II. If the Guarantor falls into any of the
following circumstances, the Guarantor has constituted the breach of the Contract: 
 (I) any certification or document submitted by the Guarantor to the
Creditor or any of statements and warranties in Article 8 hereof is proved to be unauthentic, inaccurate, incomplete or intentionally misleading or is not fulfilled; 

(II) the Guarantor closes down, shuts down, is declared to be bankrupt, is dissolved, has its business license revoked, or is revoked, etc.; 

(III) the Guarantor or the controlling shareholder or actual controller of the Guarantor is involved into any material litigation or arbitration case or any
other dispute, or the Guarantor’s material assets are detained, seized, frozen or executed compulsorily or receive any other measure with the same effect; 

(IV) the Guarantor or the legal representative, actual controller, director, supervisor or senior officer of the Guarantor is under criminal detention or
receives any other compulsory measure, is lost or is declared to be lost, loses the necessary capacity for civil conduct, cannot be contacted normally, is dead or is declared to be dead, has no successor, legatee or property receiver after decease
or declaration of decease, has the succession or legacy rejected by the successor or legatee thereof or the continuous performance of the Contract rejected by the guardian, successor, legatee or property receiver thereof, or transfers or tries to
transfer properties thereof by virtue of marital relation, etc., adversely affecting the Guarantor’s solvency; 
 (V) the Guarantor breaches the
Contract, or any financing contract, guarantee contract or any other contract concluded by the Guarantor with any department or organization of Industrial Bank (including any subsidiary of Industrial Bank), any other bank or any non-bank financial institution or entity; or 
 (VI) any event endangering or damaging or probably endangering or damaging
rights and interests of the Creditor or the Guarantor breaches any other clause hereof. 
 III. If the Guarantor breaches the Contract, the Creditor will be
entitled to taken one or several measures below: 
 (I) requiring the Guarantor to stop breach within a prescribed time limit; 

(II) declaring the advance expiration of the fulfillment period of the main debt; 

(III) requiring the Guarantor to provide new sufficient and effective guarantee; 

(IV) requiring the Guarantor to immediately fulfill guarantee responsibilities; 

(V) requiring the Guarantor to pay default fines of a certain percentage of the financing principal under the main contract, with specific agreements set out
in Paragraph V of Article 17 special clauses hereof; 
 (VI) requiring the Guarantor to compensate the Creditor for all losses thereof incurred by default;

 (VII) lawfully revoking the behavior of the Guarantor damaging benefits of the Creditor; 

(VIII) directly deducting monies from any account of the Guarantor to repay the debt within the scope of guarantee; or 

(IX) investigating the Guarantor for default liability by any other legal means. 

  
 7 

 The Guarantor undertakes to coordinate about the aforesaid measures taken by the Creditor and waive all
defense reasons. 
 IV. If the Guarantor’s credibility or financial position deteriorates, the Guarantor loses business reputation, the
Guarantor’s solvency (including contingent liability) noticeably weakens, or the Guarantor may lose guarantee capability due to any factor other than the Guarantor, the Creditor will be entitled to declare the advance maturity of the main debt,
and require the Guarantor to immediately undertake the joint and several guarantee responsibility. 
 Article 12 Independence of the Guarantor’s
Obligations 
 I. The guarantee established hereunder is independent. In any case, the Contract will survive the invalidation of the main contract. If
the main contract is confirmed to be ineffective, the Guarantor will also undertake the joint and several guarantee responsibility for the debt formed by the debtor’s return of properties or compensation of losses. 

II. Obligations of the Guarantor hereunder are independent, and are not influenced by any relationship between either party hereto and a third person, save as
otherwise stipulated hereunder. 
 III. The breach of the main contract by the debtor (including but not limited to the creditor’s failure of use the
financing capital in accordance with the main contract), if any, will not influence the Guarantor’s guarantee responsibilities, and the Guarantor shall not require the alleviation of or exemption from the guarantee responsibilities for that
reason. 
 Article 13 Correspondence Documents, Communications and Notices 

I. The Guarantor agrees and confirms that the following addresses are the service addresses of notices given by creditors as well as dunning and litigation
(arbitration) instruments about debts/guarantee obligations hereunder (including but not limited to indictments (or arbitration applications) and evidences, summons, notices of responses to actions, notices of proof, notices of court session,
payment orders, judgments (awards), rulings, mediation documents, execution notices, notices of fulfillment within a prescribed time limit and other legal instruments in the phases of litigation or arbitration hearing and execution). See Paragraph
VI of Article 17 Special clauses hereof. 
 II. As long as any document, communication, notice or legal instrument is sent as per any of the aforesaid
addresses, it will be deemed that it is served at the following date accordingly (the service to the designated collecting agent will be deemed as the service to the addressee): 

(I) as for postal delivery (including express mail, regular mail and registered mail), the fifth working day after the posting day will be deemed as service
day; 
 (II) as for fax, e-mail, short message or any other electronic communication address, sending day will be
deemed as service day; 
 (III) as for personal service, the day of signing for receipt by the addressee will be deemed as service day. If the address
refuses to receive an instrument, the serving person may record service process by taking picture or video, and leave the instrument, and it will be deemed that the instrument has been served. 

III. Where the Creditor sends a notice by issuing an announcement at its network, online banking website, phone bank or business outlet, the day of issuing
the announcement will be deemed as service day. In any circumstance, the Creditor will not need to bear any liability for any transmission error, omission or delay occurring in the post, fax, phone or any other communication system. 

IV. The parties agree that their corporate seal, office seal, special seal for finance, special seal for contract and receiving and sending seal, the special
seal for credit business of the Creditor and so on are effective seals for notices, contacts, the service of legal instruments and letters of the parties. 

Article 14 Application of laws, governance and dispute settlement 

I. The conclusion, validation, performance, cancellation and interpretation of the Contract and dispute settlement shall be subject to laws of the
People’s Republic of China (for the purpose of the Contract, excluding laws of the Hong Kong Special Administrative Region, the Macao Special Administration Region and Taiwan). 

  
 8 

 II. See Paragraph VII of Article 17 Special clauses hereof for dispute settlement methods specified
hereunder. 
 III. In the period of a dispute, clauses not in dispute hereof shall still be performed. The Guarantor shall not refuse to fulfill any
obligation hereunder for the reason of dispute settlement. 
 Article 15 Contract Validity, Amendment and Other Matters 

I. The Contract shall come into effect as of affixing of signatures or seals by the parties hereto, and be effective unit the Guaranteed Creditor’s Right
is paid off. 
 II. Any amendment or supplement to the Contract shall be approved by the Guarantor and the Creditor upon negotiation, be made in writing,
and come into effect as of affixing of signatures or seals by the legal representatives/principals of the parties hereto or their authorized representatives. 

III. The Guarantor has fully read all clauses hereof, and has specially noted those in bold. As required by the Guarantor, the Creditor has explained relevant
clauses hereof. The Guarantor has fully known and understood meanings of the clauses hereof and corresponding legal consequences, and is willing to provide the guarantee for the debtor under the main contract, and fulfill joint and several guarantee
responsibilities in accordance with the Contract. 
 IV. In the effective period of the Contract, any tolerance, grace, preference or delay in exercise of
interests or rights hereunder granted by the Creditor to the debtor or the Guarantor will not damage, affect or restrict all interests and rights enjoyed by the Creditor according to relevant laws, administrative regulations and the Contract, shall
not be deemed as the Creditor’s waiver of the rights or interests hereunder, and will not affect any obligation of the Guarantor hereunder. 
 V. The
Creditor shall be entitled to authorize or entrust any other branch of Industrial Bank to enjoy and fulfill rights and obligations under the main contract and the Contract (including but not limited to entrusting any other branch of Industrial Bank
to enter into relevant contract) as per business management demands, or transfer rights and obligations under the main contract and the Contract to any other branch of Industrial Bank for undertaking and acceptance, with no need to otherwise obtain
the consent of the Guarantor. In that case, the Guarantor shall still undertake guarantee responsibilities in accordance with the Contract. The Creditor or any other branch of Industrial Bank undertaking and managing rights and obligations hereunder
shall be entitled to institute legal proceedings to a court concerning any dispute under the main contract or the Contract, or refer the dispute to an arbitration body for ruling. 

VI. If the Creditor opens a L/C, L/G or standby L/C to the debtor under the main contract, any amendment, supplement or extension to the L/C, L/G or standby
L/C under the main contract by the Creditor and the debtor or the financing under the L/C, etc. shall be deemed as having been priorly approved by the Guarantor, and the Guarantor shall still undertake guarantee responsibilities in accordance with
the Contract. 
 VII. The appendix (if any) to the Contract is an inalienable part of the Contract with the same legal force as the text of the Contract.

 Article 16 Notarization and Voluntary Acceptance of Compulsory Execution 

I. If either party puts forward a requirement for notarization, the Contract shall be notarized by a notary authority stipulated by the State, and the
notarization will give the effect of compulsory execution of the Contract. 
 II. If the Guarantor fails to fulfill guarantee responsibilities in accordance
with the Contract, the Guarantor will agree the Creditor to apply to a notary authority for the issue of an execution certificate with compulsory execution effect. The Creditor may apply to a people’s court with jurisdiction for compulsory
execution by the execution certificate. The Guarantor will waive all defense rights and all rights of refusing to undertake guarantee responsibilities for the Creditor. 

  
 9 

 Article 17 Special clauses 
  

			
		
	I. Notes about contracting parties	 	  

			
		
	(I) Creditor: Industrial Bank Co., Ltd. Shanghai Xuhui Sub-branch	 	  

			
		
	Legal representative/Principal: Lu Shen	 	  

			
		
	(II) Guarantor (entity): /	 	  

			
		
	Legal representative/Principal: /	 	  

			
		
	Guarantor (natural person): Zeng Qingchun	 	  

			
		
	Certificate type: ID card                Certificate No.:****	 	  

			
		
	II. Debtor: Shanghai ECMOHO Health Biotechnology Co., Ltd.	 	

			
		
	III. Basic contents of main contract for the guarantee hereunder are:	 	

			
		
	(I) Contract name: Working Capital Loan Contract	 	  

			
		
	(II) Contract No.: 01611	 	  

			
		
	(III) Financing type: working capital loan    Currency: RMB	 	  

			
	
	(IV) Financing principal: 5,000,000    Interest rate: floating interest rate, see the loan contract for details   
                                         
                                  

			
		
	(V) Performance period of main debt: from June 12, 2018 to June 11, 2019	 	  

			
	
	IV. Where the percentage of changed shares reaches /%, the written consent of the Creditor shall be obtained in advance.
	
	V. In case of default, the Guarantor will be required to pay default fines equal to /% of the financing principal under the main contract.
	
	VI. Service addresses approved and confirmed by the Guarantor:
	
	(I) If the Guarantor is an entity:
	
	1. Entity name: /                ;
	
	Entity address: /                ;
	
	Post code: /                ; Phone No.:
/                ;
	
	Contact: /                 .
	
	2. Name of the designated addressee’s agent (if any): / ;
	
	Address of collecting agent: /                ;
	
	Post code: /                ; Phone No.:
/                ;
	
	(II) If the Guarantor is a natural person:

			
		
	Name of addressee: Zeng Qingchun	 	  

			
	
	Address of addressee: 3/F, No.1000 Tianyaoqiao Road, Shanghai;
	
	Post code: 200030; phone No.: ****.
	
	2. Designated collecting agent (if any): /                ;
	
	Address of collecting agent: /                ;
	
	Post code: /                ; Phone No.:
/                .
	
	(III) The Guarantor agrees and confirms that the Creditor may serve a document by any of the following electronic communication addresses:

  
 10 

 1. fax No.:
/                ; 
 2. e-mail
address: /                ; 
 3. Short message, with the phone number:
****. 
 (IV) In case of a change in any of the aforesaid service address, the Guarantor shall promptly notify the Creditor in writing and confirm the
service address again. If not, it will be deemed that the address is not changed, and relevant liability arising therefrom, if any, will be independently borne by the Guarantor. 

VII. The Guarantor and the Creditor shall settle any dispute arising from the Contract through amicable negotiation; if the amicable negotiation fails, the
parties will agree to settle it by the third method below: 
 (First) Institute legal proceedings to a people’s court at the domicile of the Creditor.

 (Second) Apply for arbitration to / Arbitration Committee, and be subject to arbitration rules of the said committee prevailing at the time of
arbitration to settle the dispute. Within the scope allowed by the arbitration rules, the parties agree about trial by simple procedures. The arbitral award is final and binding on the parties. The arbitral tribunal selects to open a court session
at /. 
 (Third) Other means: institute legal proceedings to the people’s court at the place where the Contract is concluded. 

VIII. The Contract is made in five originals, with four held by the Creditor, one by the Guarantor and / by /, and one duplicate by the debtor, with the
duplicate made as per demands. The parties shall properly keep texts of the Contract. If the Contract is notarized, the notary authority will keep a copy. 

IX. Supplementary clause: 
 See the Appendix Letter of
Confirmation about Service Addresses of Litigation Documents and All Other Documents (No. sd01611-2) for the service of litigation documents and all other documents; relevant clauses hereof and agreements in
the Letter of Confirmation about Service Addresses of Litigation Documents and All Other Documents complement each other. In case of any inconsistency, the Letter of Confirmation about Service Addresses of Litigation Documents and All Other
Documents shall prevail. 
 Creditor (Corporate seal): Industrial Bank Co., Ltd. Shanghai Xuhui Sub-branch (Seal)

 Principal or authorized signatory (Signature and seal): Lu Shen(Seal) 

If the Guarantor is an entity: 
 Guarantor (Corporate seal):

 Legal representative or authorized signatory (Signature and seal): 

If the Guarantor is a natural person: 
 Guarantor (Signature):
/s/ Zeng Qingchun 
 Certificate type and No.: **** 
 Special
commitments of the Guarantor’s spouse: 
 I, the Guarantor’s spouse, hereby agree about the conclusion and performance of the Guarantee Contract
by the Guarantor, have specially noted clauses in bold hereof and clauses with relevant rights and obligations restricted or exempt from, have fully and accurately comprehended the clauses hereof, and agree to provide joint and several guarantee for
the debt under the main contract by properties jointly owned with the Guarantor in accordance with the Contract. 
 Spouse of the Guarantor (Signature): /s/
Wang Ying 
 Certificate type and No.: **** 

  
 11 

 Signed on: June 12, 2018 

Signed at: No.168 Jiangning Road, Shanghai 

  
 12 

  
 Guarantee Contract

 (Applicable to corporate single business) 

Contract No.:
01611-1                                        
     
 Creditor: Industrial Bank Co., Ltd. Shanghai Xuhui Sub-branch

 Guarantor (entity):
  /                                       
        
 Guarantor (natural person): Wang Ying 

  
 1 

 Important Notes for Signing 

In order to maintain your rights and interests, please carefully read, check and confirm the following matters before signing the Guarantee Contract: 

I. You have the right to sign the Contract, and have obtained full authorization, if it is necessary to obtain the consent of others; 

II. You have carefully read and fully understood clauses of the Contract, and have specially paid attention to the assumption of relevant responsibilities,
the exemption from or restrictions to the liability of Industrial Bank as well as contents in bold; 
 III. Your company and you have fully understood
meanings of clauses hereof as well as corresponding legal consequences, and are willing to accept such clauses; 
 IV. The text of the Contract provided by
the Industrial Bank is a model text, with blank lines left for relevant clauses hereof, and includes “Supplementary Clauses” at the end of the Contract for the parties’ amendment, supplement or deletion of the Contract; 

V. In case of any doubt about the Contract, please consult the Industrial Bank in time. 

  
 2 

 The Guarantor provides guarantee for financing services provided by the Creditor for debtor (see Paragraph
II of Article 17 Special clauses hereof for the name of the debtor, the “Debtor”). In order to specify responsibilities and abide by credit, the parties hereby conclude the Guarantee Contract (the “Contract”) upon negotiation.

 Article 1 Definitions and Interpretations 
 Save as
otherwise specified hereunder, 
 I. The “financing” refers to the loan, documentary bills, acceptance, discount, guarantee and other financial
services provided by the Creditor for the Debtor pursuant to the main contract. 
 II. Definitions and interpretations under the Main Contract apply to the
Contract. 
 Article 2 Explanations on contracting parties 

See Paragraph I of Article 17 Special clauses hereof. 

Article 3 Main contract 
 I. Basic contents of the main
contract for the guarantee hereunder: See Paragraph III of Article 17 Special clauses hereof. 
 II. In case of any inconsistency between any actual content
of the main contract and any of the aforesaid agreement, contents of the certificate of creditor’s right such as loan note shall prevail. 
 Article
4 Scope of guarantee 
 I. The scope of guarantee hereunder includes the financing principal, interests (including default interests and compound
interests), default fines, liquidated damages and expenses incurred by the Creditor to realize its creditor’s rights hereunder (the “Guaranteed Creditor’s Right”). Expenses incurred by the Creditor to realize its creditor’s
rights refer to litigation (arbitration) expenses, attorney fees, travel expenses, execution fees, costs of preservation paid by the Creditor for realizing its creditor’s right by litigation, arbitration, the application to a notary authority
for issuing execution certificate and other means, as well as other necessary expenses for realizing the creditor’s right. 
 II. For the avoidance of
ambiguity, all expenses and expenditures (including but not limited to attorney fees and litigation or arbitration expenses) incurred by the Creditor for preparing, improving, performing or compulsorily implementing the Contract or exercising rights
hereunder or those relating to that constitute a part of the Guaranteed Creditor’s Right. 
 Article 5 Guarantee Mode 

I. The Guarantor undertakes joint and several guarantee responsibilities hereunder. If there are several guarantors hereunder, the guarantors will undertake
joint and several guarantee responsibilities concerning the Guaranteed Creditor’s Right for the Creditor. 
 II. If the Debtor fails, upon the maturity
of the fulfillment period of principal debt, to repay principal and pay interests in accordance with the main contract on time, the Guarantor will undertake joint and several settlement responsibility. 

III. If the Creditor declares, in the fulfillment period of the principal debt, the advance maturity of the said period in accordance with the main contract,
the Guarantor will undertake the joint and several settlement responsibility for the principal debt mature in advance as well as other debts within the scope of guarantee. 

Article 6 Guarantee period 
 I. The guarantee period is
two years as from the date when the fulfillment period of the main debt expires. 
 II. The guarantee period for the acceptance of bank acceptance bills and
that under the L/C and the L/G is two years as from the date when the Creditor advances monies. If the Creditor advances monies by instalments, the guarantee period shall respectively start from the date of each sum of advance. 

III. The guarantee period for the discount of commercial bills is two years as from the date of maturity of the discounted bills. 

IV. If the Creditor recovers loan pursuant to the main contract or the Contract in advance, or the fulfillment period of the main debt expires in advance in
any circumstance set out in any law or administrative regulations, the guarantee period will be two years as from the date when the debt under the main contract expires in advance as determined by the Creditor. 

  
 3 

 V. If the main creditor’s right is repaid by instalments, the guarantee period of creditor’s right
of each phase will be calculated by phase and be two years as from the date when the creditor’s right of each phase expires. 
 VI. Where the Creditor
and the Debtor reach an agreement about extension of the fulfillment period of the debt under the main contract, the Guarantor will continuously undertake guarantee responsibilities, and the guarantee period will be two years as from the date when
the fulfillment period of the debt set out in the extension agreement. 
 Article 7 Demand guarantee 

The debt of the Guarantor hereunder shall be paid on demand. That is to say, as long as the Creditor submits to the Guarantor a debt dunning notice
specifying the number of the Guarantee Contract and the amount of main debt, the Guarantor shall immediately fulfill settlement responsibility at the date of receiving the notice. 

Article 8 Statements and Warranties of the Guarantor 
 I.
The Guarantor, as an independent legal subject, has the capacities for all necessary civil rights and behaviors, guarantor qualifications and settlement substitution capacity stipulated by law, and is willing to undertake and fulfill guarantee
responsibilities. 
 II. If the Guarantor is an entity, the conclusion of the Contract fully conforms to the articles of association, internal decision as
well as the resolutions of the board of shareholders and the board of directors of the Guarantor. The conclusion of the Contract does not conflict with or run counter to the articles of association, contract, resolution of the board of shareholders
or the board of directors or policies of the Guarantor. 
 III. The conclusion and performance of the Contract by the Guarantor does not violate any
provision or agreement binding upon assets thereof, the guarantee agreement or other agreement signed by the Guarantor with others or any other document, agreement or commitment binding upon the Guarantor. 

IV. All documents, materials, statements, vouchers and so on provided by the Guarantor for the Creditor are accurate, authentic, complete and effective, and
the Guarantor accepts the examination and supervision conducted by the Creditor for production and operation activities and financial position thereof. 

V. The Guarantor knows and agrees about all clauses of the main contract, and is willing to provide guarantee for the debtor under the main contract and
fulfill the joint and several settlement obligation in accordance with the Contract. If the Guarantor is a natural person, the Guarantor further undertakes: if the Guarantor is lost or is declared to be lost, cannot be contacted normally, has
his/her whereabouts unknown, or loses the capacity for necessary civil behaviors, his/her guardian and property receiver will undertake the guarantee responsibilities hereunder for the Creditor to the limit of properties of the Guarantor; if the
Guarantor is dead or is declared to be dead, his/her guarantee responsibilities for the Creditor hereunder will be fulfilled by his/her legacies. 
 VI. The
Guarantor does not conceal any of the following events which has occurred or is about to occur and may make the Creditor not accept the Guarantor: 
 1. any
event of material discipline violation, illegality or claim relating to the Guarantor or main leader thereof; 
 2. any outstanding litigation or
arbitration event; 
 3. any debt or contingent liability undertaken by the Guarantor, or any guarantee or mortgage (pledge) guarantee provided for a third
person; 

  
 4 

 4. any default event of the Guarantor under a contract concluded with the Creditor or any other creditor; or

 5. any other circumstance affecting the financial position or guarantee capability of the Guarantor. 

VII. After having fulfilled the guarantee responsibilities, the Guarantor has the right to claim monies from the debtor on the premise of no influence on the
debtor’s future repayment of debt. If the debtor faces the claim of the Guarantor and any payment requirement of the Creditor under the main contract, the Guarantor will agree that the debtor priorly repays the debt of the Creditor. 

VIII. If the debtor and the Guarantor have or will conclude a counter guarantee contract concerning the guarantee obligation under the Contract, the counter
guarantee contract will not legally or actually impair any right enjoyed by the Creditor hereunder. 
 IX. If there is any other guarantee hereunder, the
guarantee responsibilities assumed by the Guarantor for the Creditor will not be affected by the guarantee provided by any other guarantor, or be exempted from or decrease due to that, and the guarantee responsibility will not be assumed by the
Guarantee on the premise that the Creditor makes a claim or initiates legal proceedings/arbitration/compulsory execution against any other guarantor. 

X. If there is any other guarantee (including but not limited to guarantee, mortgage, pledge, standby L/C and guarantee in any other form) under the main
contract, the Guarantor will agree: the Creditor may waive some guaranteed real rights or the sequence of guaranteed real rights (including the situation that the collaterals are provided by the debtor), and the creditor and any mortgager/pledgor
(including the situation that the mortgagor/pledgor is the debtor) may change under agreement the sequence of guaranteed real rights, the amount of guaranteed creditor’s right and other contents. Even if the Creditor conducts any of the
abovementioned behaviors, the Guarantor will still undertake all the guarantee responsibilities in accordance with the Contract. 
 XI. Before all the
obligations hereunder have been fulfilled, if the Guarantor changes any property change or adjusts business mode (including but not limited to the conclusion of a joint venture or cooperation contract with a foreign merchant or a merchant from Hong
Kong, Macao or Taiwan; revocation, shutdown, suspension of production, change of production or alteration; division, merger, acquisition of any other entity or acquisition by any other entity; recombination, establishment of or reconstruction into a
joint-stock company or investment company; acquisition of or investment in a joint-stock company by fixed assets such as buildings, machines and equipment or intangible assets such as trademarks, patents, know-hows or land use rights, or the
transaction of property right or business right by lease, contracting, joint operation, custody or any other means; or, any other institutional change or change in business nature), the Guarantor will notify the Creditor in writing one month in
advance. If the Creditor requires the addition or change of guarantee method or subject, the Guarantor will ensure the new guarantee method or subject acceptable to the Creditor. 

XII. Concerning any default event occurring under the Contract, or any contract or guarantee contract concluded with any department or organization of the
Creditor, any other bank, a non-bank financial institution or entity, or any other contract, the Guarantor will immediately notify the Creditor in writing. 

XIII. If the Guarantor handles formalities of establishment, change or deregistration with the state administration for industry and commerce or any other
relevant department of the State, the Guarantor will send relevant registration duplicate to the Creditor at once. 
 XIV. In the period of guarantee, the
Guarantor guarantees that it/he/she will not transfer or conceal any property by any means, or waive or negatively exercise the creditor’s rights. 

XV. In case of any equity change (including but not limited to equity transfer, custody, escrow or pledge) in the guarantee period, the Guarantor shall
immediately notify the Creditor in writing at the date of occurrence; where the percentage of changed equity reaches the percentage agreed upon (see Paragraph IV of Article 17 Special agreements hereof for the specific percentage), the Guarantor
shall obtain the written consent of the Creditor in advance. 

  
 5 

 XVI. If the Guarantor is an entity, it will undertake that its information published in the National
Enterprise Credit Information Publicity System is authentic, complete, legal and effective, and continuously agree that the Creditor inquires the information published and not published by it in the aforesaid system. If the Creditor requires capital
verification, the Guarantor will agree about the capital verification as required by the Creditor and provide the capital verification report by professional institute. 

XVII. If it is declared that the Guarantor is bankrupt, is dissolved or has its business license revoked, its financial position deteriorates or any other
significant event probably affecting or seriously affecting its responsibility fulfillment capacity occurs, the Guarantor will notify the Creditor in writing immediately on the day of occurrence of the event. 

XVIII. If the Guarantor is involved into any material litigation or arbitration case or any other material dispute with any third party, or the
Guarantor’s material assets are detained, seized, frozen or executed compulsorily or receive any other measure with the same effect, probably affecting or seriously affecting its responsibility fulfillment capacity, the Guarantor will notify
the Creditor in writing immediately on the date of occurrence of the event. 
 XIX The Guarantor hereby states and authorizes: the Creditor will have the
right to make necessary investigations of the credit standing of the Guarantor, and may, according to demands for the construction of enterprise and individual credit of government departments, bank regulatory agencies, the People’s Bank of
China, etc., submit the credit information, including the information on the Contract and other relevant information, to the credit system established or recognized by the aforesaid departments and agencies; and, hereby allows the legal inquiry
about relevant information. 
 Article 9 Creditor’s rights 

I. If the debtor fails to repay the debt under the main contract or the Guarantor fails to fulfill any agreement hereunder, the Guarantor will hereby
irrevocably authorize the Creditor to directly deduct monies in any account of the Guarantor to repay the debt within the scope of guarantee, without legal proceedings such as litigation or arbitration. Where the Creditor deducts monies from an
account of the Guarantor, if the currency of the monies is different from that of the main debt, the Creditor will convert the monies by the price published by the Creditor on the date of deduction. 

II. The Creditor will be entitled to require the Guarantor to provide the financial reports, financial statements and other materials reflecting business
conditions and credit standing thereof. 
 III. Where the main debtor fails to repay the debt according to the contract, no matter whether the Creditor has
other guarantee (including but not limited to guarantee, mortgage, pledge, L/G, standby L/C and guarantee in any other form) for the creditor’s right under the main contract, the Creditor will be entitled to first require the Guarantor to
fulfill all guarantee responsibilities hereunder, with no need to first exercise any other guarantee right. The Guarantor is willing to waive the plea of requiring the Creditor to firstly exercise the right relating to the guarantee of offerings of
the debtor as well as all other pleas against the Creditor under the Guarantee Law and the Real Rights Law. 
 IV. The Creditor will be entitle to transfer
part or all of creditor’s rights under the main contract and corresponding guarantee interests to a third party (or a special purpose vehicle establishing trust or assets management plan), without the consent of the Guarantor. With respect to
the creditor’s right already transferred (or the special purpose vehicle establishing trust or assets management plan, etc.) and not transferred (if any), the Guarantor agrees to provide guarantee for the transferee of the creditor’s right
(or the special purpose vehicle establishing trust or assets management plan, etc.) and original creditor (if any) in accordance with the Contract. 
 V.
Where the Guarantor is an entity, if it breaches the Contract, or falls into any circumstance impairing the Creditor’s realization of creditor’s right, the Creditor will be entitled to require the advance maturity of the subscribed capital
contribution obligation of the Guarantor and its shareholders, and the Guarantor shall make the capital contribution as required by the Creditor in a timely way. The Creditor will be entitled to require no dividend distribution to the Guarantor and
shareholders thereof. 

  
 6 

 Article 10 Alteration of the main contract 

The Guarantor agrees and confirms: As for the amendment to or alteration of the main contract by the Creditor and the debtor through negotiation or the
financing extension under the main contract, it will be deemed that the prior consent of the Guarantor has been obtained, with no need to notify the Guarantor, and the Guarantor’s guarantee responsibilities will not be exempted from or
decreased for that. 
 Article 11 Events of default and liability for breach 

I. After the validation of the Contract, the Creditor and the Guarantor shall fulfill obligations hereunder. If either party fails to fulfill any obligation
hereunder in whole or in part, the said party shall bear corresponding liability for breach of the Contract. 
 II. If the Guarantor falls into any of
the following circumstances, the Guarantor has constituted the breach of the Contract: 
 (I) any certification or document submitted by the Guarantor to the
Creditor or any of statements and warranties in Article 8 hereof is proved to be unauthentic, inaccurate, incomplete or intentionally misleading or is not fulfilled; 

(II) the Guarantor closes down, shuts down, is declared to be bankrupt, is dissolved, has its business license revoked, or is revoked, etc.; 

(III) the Guarantor or the controlling shareholder or actual controller of the Guarantor is involved into any material litigation or arbitration case or any
other dispute, or the Guarantor’s material assets are detained, seized, frozen or executed compulsorily or receive any other measure with the same effect; 

(IV) the Guarantor or the legal representative, actual controller, director, supervisor or senior officer of the Guarantor is under criminal detention or
receives any other compulsory measure, is lost or is declared to be lost, loses the necessary capacity for civil conduct, cannot be contacted normally, is dead or is declared to be dead, has no successor, legatee or property receiver after decease
or declaration of decease, has the succession or legacy rejected by the successor or legatee thereof or the continuous performance of the Contract rejected by the guardian, successor, legatee or property receiver thereof, or transfers or tries to
transfer properties thereof by virtue of marital relation, etc., adversely affecting the Guarantor’s solvency; 
 (V) the Guarantor breaches the
Contract, or any financing contract, guarantee contract or any other contract concluded by the Guarantor with any department or organization of Industrial Bank (including any subsidiary of Industrial Bank), any other bank or any non-bank financial institution or entity; or 
 (VI) any event endangering or damaging or probably endangering or damaging
rights and interests of the Creditor or the Guarantor breaches any other clause hereof. 
 III. If the Guarantor breaches the Contract, the Creditor will be
entitled to taken one or several measures below: 
 (I) requiring the Guarantor to stop breach within a prescribed time limit; 

(II) declaring the advance expiration of the fulfillment period of the main debt; 

(III) requiring the Guarantor to provide new sufficient and effective guarantee; 

(IV) requiring the Guarantor to immediately fulfill guarantee responsibilities; 

(V) requiring the Guarantor to pay default fines of a certain percentage of the financing principal under the main contract, with specific agreements set out
in Paragraph V of Article 17 special clauses hereof; 
 (VI) requiring the Guarantor to compensate the Creditor for all losses thereof incurred by default;

 (VII) lawfully revoking the behavior of the Guarantor damaging benefits of the Creditor; 

(VIII) directly deducting monies from any account of the Guarantor to repay the debt within the scope of guarantee; or 

(IX) investigating the Guarantor for default liability by any other legal means. 

  
 7 

 The Guarantor undertakes to coordinate about the aforesaid measures taken by the Creditor and waive all
defense reasons. 
 IV. If the Guarantor’s credibility or financial position deteriorates, the Guarantor loses business reputation, the
Guarantor’s solvency (including contingent liability) noticeably weakens, or the Guarantor may lose guarantee capability due to any factor other than the Guarantor, the Creditor will be entitled to declare the advance maturity of the main debt,
and require the Guarantor to immediately undertake the joint and several guarantee responsibility. 
 Article 12 Independence of the Guarantor’s
Obligations 
 I. The guarantee established hereunder is independent. In any case, the Contract will survive the invalidation of the main contract. If
the main contract is confirmed to be ineffective, the Guarantor will also undertake the joint and several guarantee responsibility for the debt formed by the debtor’s return of properties or compensation of losses. 

II. Obligations of the Guarantor hereunder are independent, and are not influenced by any relationship between either party hereto and a third person, save as
otherwise stipulated hereunder. 
 III. The breach of the main contract by the debtor (including but not limited to the creditor’s failure of use the
financing capital in accordance with the main contract), if any, will not influence the Guarantor’s guarantee responsibilities, and the Guarantor shall not require the alleviation of or exemption from the guarantee responsibilities for that
reason. 
 Article 13 Correspondence Documents, Communications and Notices 

I. The Guarantor agrees and confirms that the following addresses are the service addresses of notices given by creditors as well as dunning and litigation
(arbitration) instruments about debts/guarantee obligations hereunder (including but not limited to indictments (or arbitration applications) and evidences, summons, notices of responses to actions, notices of proof, notices of court session,
payment orders, judgments (awards), rulings, mediation documents, execution notices, notices of fulfillment within a prescribed time limit and other legal instruments in the phases of litigation or arbitration hearing and execution). See Paragraph
VI of Article 17 Special clauses hereof. 
 II. As long as any document, communication, notice or legal instrument is sent as per any of the aforesaid
addresses, it will be deemed that it is served at the following date accordingly (the service to the designated collecting agent will be deemed as the service to the addressee): 

(I) as for postal delivery (including express mail, regular mail and registered mail), the fifth working day after the posting day will be deemed as service
day; 
 (II) as for fax, e-mail, short message or any other electronic communication address, sending day will be
deemed as service day; 
 (III) as for personal service, the day of signing for receipt by the addressee will be deemed as service day. If the address
refuses to receive an instrument, the serving person may record service process by taking picture or video, and leave the instrument, and it will be deemed that the instrument has been served. 

III. Where the Creditor sends a notice by issuing an announcement at its network, online banking website, phone bank or business outlet, the day of issuing
the announcement will be deemed as service day. In any circumstance, the Creditor will not need to bear any liability for any transmission error, omission or delay occurring in the post, fax, phone or any other communication system. 

IV. The parties agree that their corporate seal, office seal, special seal for finance, special seal for contract and receiving and sending seal, the special
seal for credit business of the Creditor and so on are effective seals for notices, contacts, the service of legal instruments and letters of the parties. 

Article 14 Application of laws, governance and dispute settlement 

I. The conclusion, validation, performance, cancellation and interpretation of the Contract and dispute settlement shall be subject to laws of the
People’s Republic of China (for the purpose of the Contract, excluding laws of the Hong Kong Special Administrative Region, the Macao Special Administration Region and Taiwan). 

  
 8 

 II. See Paragraph VII of Article 17 Special clauses hereof for dispute settlement methods specified
hereunder. 
 III. In the period of a dispute, clauses not in dispute hereof shall still be performed. The Guarantor shall not refuse to fulfill any
obligation hereunder for the reason of dispute settlement. 
 Article 15 Contract Validity, Amendment and Other Matters 

I. The Contract shall come into effect as of affixing of signatures or seals by the parties hereto, and be effective unit the Guaranteed Creditor’s Right
is paid off. 
 II. Any amendment or supplement to the Contract shall be approved by the Guarantor and the Creditor upon negotiation, be made in writing,
and come into effect as of affixing of signatures or seals by the legal representatives/principals of the parties hereto or their authorized representatives. 

III. The Guarantor has fully read all clauses hereof, and has specially noted those in bold. As required by the Guarantor, the Creditor has explained
relevant clauses hereof. The Guarantor has fully known and understood meanings of the clauses hereof and corresponding legal consequences, and is willing to provide the guarantee for the debtor under the main contract, and fulfill joint and several
guarantee responsibilities in accordance with the Contract. 
 IV. In the effective period of the Contract, any tolerance, grace, preference or delay in
exercise of interests or rights hereunder granted by the Creditor to the debtor or the Guarantor will not damage, affect or restrict all interests and rights enjoyed by the Creditor according to relevant laws, administrative regulations and the
Contract, shall not be deemed as the Creditor’s waiver of the rights or interests hereunder, and will not affect any obligation of the Guarantor hereunder. 

V. The Creditor shall be entitled to authorize or entrust any other branch of Industrial Bank to enjoy and fulfill rights and obligations under the main
contract and the Contract (including but not limited to entrusting any other branch of Industrial Bank to enter into relevant contract) as per business management demands, or transfer rights and obligations under the main contract and the Contract
to any other branch of Industrial Bank for undertaking and acceptance, with no need to otherwise obtain the consent of the Guarantor. In that case, the Guarantor shall still undertake guarantee responsibilities in accordance with the Contract. The
Creditor or any other branch of Industrial Bank undertaking and managing rights and obligations hereunder shall be entitled to institute legal proceedings to a court concerning any dispute under the main contract or the Contract, or refer the
dispute to an arbitration body for ruling. 
 VI. If the Creditor opens a L/C, L/G or standby L/C to the debtor under the main contract, any amendment,
supplement or extension to the L/C, L/G or standby L/C under the main contract by the Creditor and the debtor or the financing under the L/C, etc. shall be deemed as having been priorly approved by the Guarantor, and the Guarantor shall still
undertake guarantee responsibilities in accordance with the Contract. 
 VII. The appendix (if any) to the Contract is an inalienable part of the Contract
with the same legal force as the text of the Contract. 
 Article 16 Notarization and Voluntary Acceptance of Compulsory Execution 

I. If either party puts forward a requirement for notarization, the Contract shall be notarized by a notary authority stipulated by the State, and the
notarization will give the effect of compulsory execution of the Contract. 
 II. If the Guarantor fails to fulfill guarantee responsibilities in accordance
with the Contract, the Guarantor will agree the Creditor to apply to a notary authority for the issue of an execution certificate with compulsory execution effect. The Creditor may apply to a people’s court with jurisdiction for compulsory
execution by the execution certificate. The Guarantor will waive all defense rights and all rights of refusing to undertake guarantee responsibilities for the Creditor. 

  
 9 

 Article 17 Special clauses 
  

			
	I. Notes about contracting parties	 	
		
	(I) Creditor: Industrial Bank Co., Ltd. Shanghai Xuhui Sub-branch	 	 

			
		
	Legal representative/Principal: Lu Shen	  	  

			
		
	(II) Guarantor (entity): /	  	  

			
		
	Legal representative/Principal: /	 	  

			
		
	Guarantor (natural person): Wang Ying	 	  

			
		
	Certificate type: ID card                Certificate No.:****    	 	  

			
		
	II. Debtor: Shanghai ECMOHO Health Biotechnology Co., Ltd.	  	
		
	III. Basic contents of main contract for the guarantee hereunder are:	  	

			
		
	(I) Contract name: Working Capital Loan Contract	 	  

			
		
	(II) Contract No.: 01611	 	  

			
		
	(III) Financing type: working capital loan    Currency: RMB	 	  

			
	
	(IV) Financing principal: 5,000,000    Interest rate: floating interest rate, see the loan contract for details
                                         
                                    

			
		
	(V) Performance period of main debt: from June 12, 2018 to June 11, 2019	 	  

			
	
	IV. Where the percentage of changed shares reaches /%, the written consent of the Creditor shall be obtained in advance.
	
	V. In case of default, the Guarantor will be required to pay default fines equal to /% of the financing principal under the main contract.
	
	VI. Service addresses approved and confirmed by the Guarantor:
	
	(I) If the Guarantor is an entity:
	
	1. Entity name: /                ;
	
	Entity address: /                ;
	
	Post code: /                ; Phone No.:
/                ;
	
	Contact: /                 .
	
	2. Name of the designated addressee’s agent (if any): / ;
	
	Address of collecting agent: /                ;
	
	Post code: /                ; Phone No.:
/                ;
	
	(II) If the Guarantor is a natural person:

			
		
	Name of addressee: Wang Ying	 	  

			
	
	Address of addressee: 3/F, No.1000 Tianyaoqiao Road, Shanghai;
	
	Post code: 200030; phone No.:****.
	
	2. Designated collecting agent (if any):
/                ;                
	
	Address of collecting agent: /                ;
	
	Post code: /                ; Phone No.:
/                .
	
	(III) The Guarantor agrees and confirms that the Creditor may serve a document by any of the following electronic communication addresses:

  
 10 

 1. fax No.:
/                ; 
 2. e-mail
address: /                ; 
 3. Short message, with the phone number:
****. 
 (IV) In case of a change in any of the aforesaid service address, the Guarantor shall promptly notify the Creditor in writing and confirm the
service address again. If not, it will be deemed that the address is not changed, and relevant liability arising therefrom, if any, will be independently borne by the Guarantor. 

VII. The Guarantor and the Creditor shall settle any dispute arising from the Contract through amicable negotiation; if the amicable negotiation fails, the
parties will agree to settle it by the third method below: 
 (First) Institute legal proceedings to a people’s court at the domicile of the Creditor.

 (Second) Apply for arbitration to / Arbitration Committee, and be subject to arbitration rules of the said committee prevailing at the time of
arbitration to settle the dispute. Within the scope allowed by the arbitration rules, the parties agree about trial by simple procedures. The arbitral award is final and binding on the parties. The arbitral tribunal selects to open a court session
at /. 
 (Third) Other means: institute legal proceedings to the people’s court at the place where the Contract is concluded. 

VIII. The Contract is made in five originals, with four held by the Creditor, one by the Guarantor and / by /, and one duplicate by the debtor, with the
duplicate made as per demands. The parties shall properly keep texts of the Contract. If the Contract is notarized, the notary authority will keep a copy. 

IX. Supplementary clause: 
 See the Appendix Letter of
Confirmation about Service Addresses of Litigation Documents and All Other Documents (No. sd01611-1) for the service of litigation documents and all other documents; relevant clauses hereof and agreements in the Letter of Confirmation about Service
Addresses of Litigation Documents and All Other Documents complement each other. In case of any inconsistency, the Letter of Confirmation about Service Addresses of Litigation Documents and All Other Documents shall prevail. 

  
 11 

 Creditor (Corporate seal): Industrial Bank Co., Ltd. Shanghai Xuhui
Sub-branch (seal) 
 Principal or authorized signatory (Signature and seal): Lu Shen (seal) 

If the Guarantor is an entity: Guarantor (Corporate seal): 

Legal representative or authorized signatory (Signature and seal): 

If the Guarantor is a natural person: Guarantor (Signature): /s/ Wang Ying 

Certificate type and No.: **** 
 Special commitments of the
Guarantor’s spouse: 
 I, the Guarantor’s spouse, hereby agree about the conclusion and performance of the Guarantee Contract by the Guarantor,
have specially noted clauses in bold hereof and clauses with relevant rights and obligations restricted or exempt from, have fully and accurately comprehended the clauses hereof, and agree to provide joint and several guarantee for the debt under
the main contract by properties jointly owned with the Guarantor in accordance with the Contract. 
 Spouse of the Guarantor (Signature): 

/s/ Zeng Qingchun 
 Certificate type and No.: **** 

Signed on: June 12, 2018 

Signed at: No.168 Jiangning Road, Shanghai 

  
 12EX-10.30

 Exhibit 10.30 

 
  

Online Self-service Loan Business Contract of Ping An Bank 

  
 1 

 Online Self-service Loan Business Contract of Ping An Bank 

Contract No.: P. Y. (Shanghai) Z. Y. D. Z. No.A454201806140001 

☐under the non-comprehensive credit line (under the single credit line) 

☑Under the comprehensive credit line- 
 Name of the
contract: Comprehensive Credit Line Contract 
 Contract No.: P. Y. (Shanghai) Z. Z. No.A454201806140001 

Party A: Ping An Bank Co., Ltd., Shanghai Branch 

Address: No.1333, Lujiazui Ring Road, Pudong New Area, Shanghai 

Tel.: **** Fax:                       

 Person in charge: Leng Peidong             Position:
President                 
 Party B (Borrower): Shanghai Tong Gou
Information Technology Co., Ltd.  
 Address: Room 302, 3/F, No.1000 Tianyaoqiao Road, Xuhui District, Shanghai 

Tel.: ****   Fax:
                     
 Legal representative:
 Wang Wei     Position:                      

Whereas Party B applies to Party A for online self-service loan business (hereinafter referred to as the “Self-service Loan” business), Party A
will, after examination and approval, under the premise of complying with the conditions stipulated in the Contract, handle the Self-service Loan business for Party B, and grant Party B a certain amount of revocable line of credit (hereinafter
referred to as the “Limit of Self-service Loan”). Party A and Party B have concluded the Contract upon consensus in accordance with the provisions of relevant laws and undertaken to abide by all contract terms. 

Article 1 Matters related to the Limit of Self-service Loan 

1. The maximum amount of the Limit of Self-service Loan: RMB (in words) Four Million Two Hundred Thousand Only. 

2. The term of validity of the Limit of Self-service Loan: from June 15, 2018 (natural day, the same below) to June 14, 2019. During such term, the
Limit of Self-service Loan may be re-used multiple times, but the sum of the amount of the funds used by Party B each time and its outstanding loan balance shall not exceed the maximum amount of the Limit of
Self-service Loan agreed above. 
 Where the term of validity of the Limit of Self-service Loan expires, the amount that Party B has not used will
automatically expire. Party B may re-apply to Party A for the Limit of Self-service Loan. 
 3. Platform licensing
fee for the Self-service Loan: Party B agrees to make the payment of RMB (in words)     /     (including value-added tax) for the platform licensing fee for the Self-service Loan in a lump sum to Party A
within     days after the signing of the Contract. 
 If Party B fails to pay the amount in time according to the agreement, Party B
agrees that Party A has the right to terminate the Contract, cancel Party B’s Limit of Self-service Loan and refuse to provide the Self-service Loan business for Party B. 

  
 2 

 The above fee will not be refunded if the Self-service Loan business provided to Party B is canceled,
suspended or terminated during the term of validity of the Limit of Self-service Loan due to reasons not involving Party A such as Party B’s reasons or judicial freezing. 

4. The purpose of the limit: The Limit of Self-service Loan under the Contract is used for     . Without the written consent of Party A,
Party B shall not change the purpose of the Limit of Self-service Loan. 
 Article 2 Use for payment of the Limit of Self-service Loan 

1. Conditions 
 Except for Party A’s waiver in whole or in
part, Party A only agrees on Party B’s use for payment of the Limit of Self-service Loan if the following preconditions are met: 
 (1) where Party
B’s provision of guarantee for the Contract is required and the guarantee that meets the requirements of Party A has been in force and continues to be effective; where the completion of formalities for mortgage (pledge) registration is
required, the corresponding registration, filing, approval and other procedures have been completed; 
 (2) where Party A’s provision of the
Self-service Loan business for Party B is not prohibited or restricted according to laws, administrative regulations, departmental rules or regulatory policies; 

(3) where Party B has registered on the orangebank in accordance with Party A’s requirements; 

(4) where Party B has not experienced any breach of contract as stipulated in the Contract or any situation that may harm the security of Party A’s
creditor’s rights; and 
 (5) Other conditions:
                    . 
 2. Application 

(1) Within the term of validity and amount limit of the Limit of Self-service Loan stipulated in the Contract, Party B may independently make a single use for
payment application via Party A’s orangebank service channel as needed, without prior notice to Party A or special application to Party A; 
 (2) When
Party B makes a single use for payment application, it must correctly fill in the relevant factors such as the amount and the period. 
 3. Examination 

Regarding the examination of the use for payment application for a single loan under the Limit of Self-service Loan, both parties agree to adopt the following
method (please fill in the option box with a “✓”): 
 ☐Automatic examination by the system. That is, any single use for payment
application independently made by Party B will be automatically examined and determined by Party A’s system. After approval, the fund for single use for payment will be transferred to the designated account of the payee via the system,
following such requirements as the record on the single use for payment application and the agreement of the two parties on the collection account: 

☐Automatic examination by the system + manual examination as assistance. That is, after approval upon automatic examination and determination by Party
A’s system on any application for single use for payment made by Party B, the application must still be examined by Party A’s staff, and after the examination this time, Party A will promptly issue the loan to the designated account of the
payee. 
 If Party B chooses the method of “Automatic examination by the system”, Party A has the right to actively adjust the examination method
for Party B’s use for payment application in accordance with the provisions of the regulatory department and the use condition of Party B’s loan, and to cease the use of the Limit of Self-service Loan that Party B has not yet used
according to the Contract. 
 4. Control 
 (1) Under the
Contract, regarding the use for payment and fund transfer of a single loan under the Limit of Self-service Loan, both parties agree to adopt the following method (please fill in the option box with a “✓”): 

  
 3 

 ☐Payment under entrustment. That is, for any application for use for payment of the Limit of
Self-service Loan made by Party B independently and then approved by Party A upon examination, the fund for a single payment shall be transferred by Party A’s system through Party B’s account to the designated account of the payee; Party
B’s application for change of such account shall be examined and approved by Party A in advance and then be pre-configured by Party A’s system. Under this payment method, while Party A’s system
controlling Party B’s independent application, Party B’s account shall not be used as the account for receiving loan funds. 
 ☐Independent
payment. That is, for any application for use for payment of the Limit of Self-service Loan made by Party B independently and then approved by Party A upon examination, the fund for a single payment shall be directly issued via Party A’s system
to Party B’s account, and then Party B shall make the payment independently. Under this payment method, Party A does not control the collection account via the system, and Party B, while making the application for use for payment independently,
may use its own account as the collection account for receiving the loan. 
 (2) Regardless of the above (1), Party A and Party B agree that as long as the
amount of Party B’s single loan application exceeds RMB     , Party A will control Party B via the system not to use its own account as the collection account for receiving loan funds. That is, Party B may only adopt the
method of payment under entrustment. 
 (3) Term of the single payment 

Under the Contract, the maximum term of any single loan under the Limit of Self-service Loan shall not exceed 12 months (360 days). At the same time, Party A
and Party B agrees to adopt the following control (please fill in the option box with a “✓”): 
 ☐No control of the minimum term of a
single loan. That is, under this method, when Party B makes the application for loan payment, the term of the single loan may be independently selected and filled in as long as it does not exceed the maximum term specified above. 

☐Controlling the minimum term for a single loan, that is,      days. That is, under this method, if the term of a single loan does
not exceed the maximum term specified above, Party B shall, when making the application for loan payment, select and fill in a loan term that is greater than or equal to the minimum loan term, and Party A’s system will automatically determine
and conduct control. 
 (4) Amount limit for the single payment 

Under the Contract, Party A and Party B agrees to adopt the following control regarding the amount limit of single loan payment (please fill in the option box
with a “✓”): 
 ☐No control of the spending limit for a single loan. That is, under this method, when Party B makes the application
for loan payment, the amount of the single loan may be selected and filled in independently if it does not exceed the unused Limit of Self-service Loan. 

☐Controlling the minimum amount of a single loan, that is, RMB     . That is, under this method, when Party B makes the application
for loan payment, the amount of the loan selected and filled in must be greater than or equal to the minimum amount, and Party A’s system will automatically determine and conduct control. 

☐Controlling the maximum amount of a single loan, that is, RMB     . That is, under this method, the amount of the single loan must
not exceed the amount of the unused Limit of Self-service Loan. Where Party B makes the application for the loan payment, the amount of the loan selected and filled in must be less than or equal to the maximum amount set, and Party A’s system
will automatically determine and conduct control. 
 (5) Party A has the right to adjust and change the fund payment and transfer methods for the
above-mentioned loan, as well as the control method for single loan term and loan limit, while Party B undertakes not to raise any objection. 
 (6) If the
method of independent payment is adopted, Party B shall, in accordance with the requirements of Party A, collect and disclose information on the payment of the loan funds, and provide information such as the transaction object and payment amount as
well as evidentiary materials such as the corresponding business contracts. Party A has the right to verify whether the payment of the loan funds meets the agreed purpose through account analysis, voucher inspection,
on-site investigation and other methods, and Party B shall cooperate. 
 Article 3 Applicable interest rate for a
single loan under the Limit of Self-service Loan 

  
 4 

 (I) Except as stipulated in Paragraph (V) below, the loan interest rate standard for any single loan
under the Limit of Self-service Loan shall be established (filled in) according to Item 1 below: 
 1. Under the Limit of Self-service Loan, any single loan
performs the same fixed interest rate, and the annual interest rate standard is 8%. Under this method, the fixed interest rate is executed regardless of the amount and term of the single loan, and the loan interest rate will not be adjusted within
the term of validity of the Limit of Self-service Loan. 
 2. Under the Limit of Self-service Loan, any single loan is established according to the
following standard (please fill in the option box with “✓”): 
 ☐ The benchmark interest rate of the People’s Bank for the same
grade loan on the loan issuance date floating ☐upward/☐downward    %. 
 ☐ The benchmark interest rate of the
People’s Bank of China for the same grade loan on the loan issuance date ☐+/☐-    % (floating point). 
 ☐ the
benchmark interest rate of the People’s Bank of China for the same grade loan on the date of loan release. 
 ☐ ☐ LIBOR ☐ HIBOR on
the date of loan issuance ☐+/☐-(base point) (only applicable to foreign exchange loans). 
 (II) The interest rate adjustment method applies the
following Item      (only under the circumstance of the above (I).2): 
 1. The adjustment method for the loan interest rate under the
Contract is (please fill in the option box with “✓”): 
 ☐ Floating on a     
(monthly/quarterly/six-month/yearly) basis. The interest rate adjustment date is the following Item     : 

(1) The date corresponding to the loan issuance date in     (every month/every three months/every six months/every year); if there is no
corresponding date, it is the last date of the corresponding month. 
 (2) January 1 of each year. 

☐ A fixed interest rate will be applied regarding the Contract during the loan term. 

Where the loan interest rate fluctuates, the interest will be charged at the adjusted interest rate from the date of interest rate adjustment. However, in
case of repayment in installments (including equal repayment on schedule and decreasing repayment on schedule), the interest will still be charged at the interest rate before adjustment for the period in which the interest rate is adjusted, and the
interest rate will be charged at the adjusted interest rate from the next period. 
 2. The details are as follows: 

☐In the case of the adjustment of the benchmark interest rate by the People’s Bank of China during the loan term, Party A shall agree on the
interest rate under the Contract at the adjusted benchmark interest rate: 
 ☐In case of adjustment on a monthly basis, the adjustment date is the
first interest settlement date after the adjustment date of the benchmark interest rate. 
 ☐ In case of adjustment on a quarterly basis, the
quarterly adjustment date is the interest settlement date in the month corresponding to the month of loan issuance in each quarter. 
 ☐ In case of
adjustment on a six-month basis, the semi-annual adjustment date is the interest settlement date in the month corresponding to the month of loan issuance in the next half year. 

☐ In case of adjustment on a yearly basis, the annual adjustment date is January 1. 

☐ In case of adjustment on a yearly basis, the annual adjustment date is the interest settlement date in the month corresponding to the month of loan
issuance in the next year. 
 ☐ (Others). 
 ☐ A
fixed interest rate will be applied regarding the Contract during the loan term. 

  
 5 

 (III) If the benchmark interest rate is adjusted several times, Party A shall adjust accordingly at the
latest benchmark interest rate on the adjustment date. Where the People’s Bank of China adjusts the floating range of the benchmark interest rate so that the above agreed loan interest rate is lower than the lower interest rate limit set by the
People’s Bank of China, the loan interest rate under the Contract will be adjusted to the lower interest rate limit set by the People’s Bank of China. Where the People’s Bank of China no longer publishes the benchmark interest rate,
the loan interest rate under the Contract will be adjusted to the industrial recognized loan interest rate or usual same-grade loan interest rate over the same period, unless otherwise agreed by the parties. 

(IV) Where the state changes the method of determining interest rates, adjustment methods and interest-bearing methods, the relevant provisions of the state
shall prevail. 
 (V) In the event of any inconsistency between the interest rate applicable to any single loan under the Limit of Self-service Loan and the
interest rate recorded in the payment application for a single loan that is submitted by Party B and confirmed by Party A each time, the latter shall prevail. 

Article 4 Interest accrual and settlement 
 1. Interest
accrual 
 Interest is calculated at the actual loan amount and the actual loan term from the date on which the loan is actually issued. The interest on any
single loan under the Contract will be charged on a daily basis. The daily interest rate of the pound and Hong Kong dollar is annual interest rate dividing 365, while the daily interest rate of other currencies is also annual interest rate dividing
360. 
 2. Interest settlement 
 For the repayment method of
any single loan under the Contract, Party A and Party B agrees to adopt the following control (please fill in the option box with “✓”): 

☐ Payment of interest by installment and repayment of principal at maturity: the parties agree that the 20th of each month will be the interest
settlement date. The loan maturity date is the last interest settlement date, and the interest should be fully paid upon the repayment of the principal. 

☐ Payment of interest while repayment of principal: when the principal is repaid, the corresponding interest shall be settled. 

Where the interest settlement method applicable to any single loan under the Contract is subject to a separate specific record in the payment application for
the single loan confirmed by Party A, the latter shall prevail. 
 3. Party B shall deposit the interest payable in the designated deduction account before
each interest settlement date; otherwise, Party B shall authorize direct deduction from its any account opened in Party A’s banking system. If Party B is unable to pay interest on time and in full, a compound interest shall be charged at the
penalty interest rate stipulated in the Appendix from the next day of expiration. 
 Article 5 Guarantee (fill in the option box with “✓”)

 ☐ Party B does not need to provide a guarantee for form of credit. 

☐ The guarantees under the Contract shall be provided by means of the following method(s) 1 and/or 3 (if the credit granting hereunder is covered by the
credit line contract, the guarantee method under the credit line contract also applies): 
 1. Wang Ying, Zeng Qingchun and Shanghai ECMOHO Health
Biotechnology Co., Ltd., which serve as the guarantors for Party B’s all debts under the Contract, bear the joint and several guarantee responsibility and sign a warranty contract with Party A. 

2.     serve as the mortgagers for Party B’s all debts under the Contract, mortgaging with all the property or those that it is
legally entitled to dispose of them, and a mortgage contract shall be signed with Party A. 
 3. Shanghai Tong Gou Information Technology Co., Ltd., Beijing
Jingdong Century Information Technology Co., Ltd., Beijing Jingdong Century Trading Co., Ltd. and Zhejiang Tmall Technology Co., Ltd. serve as the pledgers for Party B’s all debts under the Contract with their all account receivables, pledging
with all their property or those that they are legally entitled to dispose of them, and a pledge contract shall be signed with Party A. 

  
 6 

 4.
Others:                                        
                                         
                                         
                                         
                                         
                     

                          
                                         
                                         
                                         
                                         
                                         
          . 
 With regard to the guarantees under the Contract, the relevant guarantee contracts
signed by the guarantors and Party A shall prevail. 
 Article 6 Repayment of a single loan under the Limit of Self-service Loan 

1. Party B may independently make an application for repayment via the corporate online banking service channel of Party A. After the approval of Party
A’s system upon examination, the loan will be automatically repaid for Party B by the system. 
 2. Party B shall ensure that there are sufficient
funds in its designated repayment account on the maturity date of any single loan. Party B irrevocably authorizes Party A to deduct all principal and interest of the loan due or early due from the account opened by Party B in Ping An Bank. 

Article 7 After the Limit of Self-service Loan is formally effective, Party A will deactivate Party B’s Limit of Self-service Loan and
Self-service Loan business function under any of the following circumstances, and Party B will no longer be able to make a payment application for any single loan: 

1. where the period of validity of the Limit of Self-service Loan is expired; 

2. where any single loan under the Limit of Self-service Loan is overdue; or 

3. any breach of contract as stipulated in Article 13 and other terms hereof. 

For the overdue loan, Party B shall complete the full payment in accordance with the requirements of Party A, and then the Self-service Loan business function
for Party B will be automatically resumed via Party A’s system; however, if three (including) overdue situations occur within the period of validity of the Limit of Self-service Loan, regardless of whether Party B has made the repayment, Party
A will suspend the Limit of Self-service Loan and the Self-service Loan business functions for Party B. In case of a renewal, Party B must apply to Party A. 

Article 8 Tax burden 
 If related taxes and fees are
incurred separately or additionally to the transaction due to changes in China’s tax laws and regulations, the Bank shall have the right to separately charge from Party B (client) value-added tax applicable to this business in addition to the
contract price for the VAT taxable business under the Contract. 
 Article 9 Invoice 

The Bank will issue a corresponding value-added tax invoice after receiving the relevant payment from Party B (client). If Party B requests the Bank to issue a
VAT invoice, it must submit the request to the Bank within     month(s) after payment, and at the same time provide the following information to the Bank. If no request is submitted within the said period, it will be deemed that
Party B automatically waives such right: 
 Company
name:                                        
                                         
                
 Taxpayer’s registration
No.:                                        
                                         
    
 Bank of
deposit:                                       
                                         
                 
 Account
No.:                                        
                                         
            

Address:                        
                 

Tel.:                         
                    
 Article 10 Handling of specific
matters regarding invoices 
 Except as otherwise stipulated in the Contract, from the date of implementation of the policy of value-added tax in lieu of
business tax, when both parties have the need to cooperate with each other in the aspects of the issuance, delivery, custody, invalidation and write-off in red ink of the value-added tax invoice, they may,
upon consensus, do their utmost to cooperate with each other to properly resolve the foregoing matters. 

  
 7 

 Article 11 Rights and obligations of Party B 

(I) Rights of Party B 
 1. Party B has the right to use the Limit
of Self-service Loan according to the conditions and purposes stipulated in the Contract; 
 2. Party B has the right to refuse Party A and its staff to
extort bribes, and refuse and report to the relevant departments for Party A’s violations of the laws and regulations of the state regarding interest rates and charges; 

3. Party B has the right to refuse any additional conditions outside the Contract. 

(II) Obligations of Party B 
 1. Party B shall truthfully
provide the documents and materials required by Party A, as well as the information on all its bank accounts, the bank of deposit and the balance of deposits and loans, and shall be cooperative in investigation, examination and inspection by Party
A; 
 2. Party B shall report the latest changes to the monthly financial statements and registration status to Party A in a timely manner; 

3. Party B shall be subject to the supervision by Party A over its use of credit funds and relevant production, operation and financial activities, and Party
B shall submit relevant certificates and supporting materials for the use of funds to Party A within one month after the Limit of Self-service Loan is paid; 

4. Party B shall use the loan fund in accordance with the purposes stipulated in the Contract, and shall not use the loan fund in the securities and futures
markets or for share capital equity-based investment, or for fixed-asset investment or project investment; 
 Where Party B’s use of the loan fund
violates the laws, regulations and regulatory provisions of the state, or violates the Contract, resulting in Party A’s punishment by the relevant authorities of the state, Party B agrees to assume liability for compensation at least within the
scope of Party A’s losses, while Party A has the right to pursue a recovery. 
 5. Party B shall repay the principal and pay the corresponding interest
of the loan in full and on time in accordance with the Contract; 
 6. Where Party B has a major property right transfer, system change or transfer of
creditor’s rights and debts, it shall notify Party A in advance of the relevant matters, and implement the safeguard measures for the safe repayment of the loan principal and interest and all other related expenses under the Contract; 

7. Party B shall not withdraw funds, transfer assets or use related party transactions to avoid debts to Party A; shall not use false contracts with related
parties to discount the creditor’s rights such as note receivables and accounts receivable without real trade background at the bank, or pledge or fraudulently obtain overdraft funds; 

8. Where Party B is a group client, it shall report to Party A in writing within 10 days from the date of the related party transaction with more than 10% of
the net assets. The report shall cover the relationship between the parties to the transaction, items and the nature of the transaction, the transaction amount or corresponding proportion and pricing policies (including transactions with no amount
or only a nominal amount). 
 The term “group client” as used in this paragraph refers to an enterprise legal person or institutional legal person
with the following characteristics: (1) which directly or indirectly controls or is controlled by other enterprise legal person or institutional legal person in equity or business; (2) which is jointly controlled by a third-party
enterprise legal person or institutional legal person; (3) which is directly or indirectly controlled jointly by a major individual investor, key management or their close family members (including direct family relationships within three
generations and collateral relationships within the second generation); (4) which has other related relationships and may not transfer assets and profits according to the fair price principle, shall be subject to the credit-granting management as a
group client. 

  
 8 

 Article 12 Rights and obligations of Party A 

(I) Rights of Party A 
 1. Party A has the right to request Party
B to provide information related to the matters involved in the Contract; 
 2. Party A has the right to request Party B to return the principal and
interest of the loan on time; 
 3. Party A has the right to know Party B’s plans for production, operation, financial activities, management and
repayment; 
 4. Party A has the right to supervise Party B’s use of the loan fund for the purposes specified herein; 

5. Party A has the right to directly collect the loan principal and interest from any account opened by Party B in the system of Ping An Bank; 

6. Where Party B fails to perform the obligations stipulated herein, Party A shall have the right to terminate the function of Self-service Loan business
provided for Party B in accordance with the agreement, and request Party B to return in advance the full loan principal and interest of all unmatured and unliquidated single loans under the Limit of Self-service Loan; 

7. In the event of transfer of major property rights, system change or transfer of creditor’s rights and debts by Party B, Party A shall have the right
to request Party B to pay off the principal and interest of the loan and all other related expenses hereunder, or to transfer all the debts hereunder under the name of the assignee to Party A’s consent, or provide the guarantee measures agreed
by Party A. 
 (II) Obligations of Party B 
 1. Party A shall
provide the function of the Self-service Loan business for Party B according to the conditions stipulated herein; 
 2. Party A shall keep confidential the
financial, production and operation information of Party B, except as otherwise provided by laws and administrative regulations; 
 3. Party A shall not
offer bribes to or request or accept bribes from Party B and its staff. 
 Article 13 Party B’s breach of contract and liability for breach 

(I) Default 
 1. any circumstance as stipulated in Article 11
hereof 
 2. Where Party B violates any obligations stipulated herein, or Party B expressly indicates or indicates through its acts that it will not perform
its contractual obligations; 
 3. Where Party B is forced or voluntarily closed; 

4. Where Party B provides false materials or conceals important business or financial facts; 

5. Where Party B refuses to accept Party A’s supervision and inspection over its use of credit funds and related business financial activities; 

6. Where Party B has a large financial loss; 
 7. Where Party B
uses the false contract with the related party to discount or pledge the debts such as notes receivable without actual trade background, aiming at defrauding funds or credits from Party A or other banks; 

8. Where Party B intends to evade bank creditor’s rights through related party transactions or other means; 

  
 9 

 9. Where Party B has been subjected to administrative sanctions or is being investigated by the relevant
department and may be subject to administrative sanctions due to violation of laws and regulations in operation; 
 10. Where Party B is involved in such
circumstances as division, consolidation, major merger, acquisition and restructuring, liquidation, reorganization, cancellation, bankruptcy and dissolution; 

11. Where Party B changes the original purpose without the consent of Party A, misappropriates the loan funds or use the loan for illegal transactions; 

12. Where Party B violates other similar contracts (including but not limited to credit granting contracts and guarantee contracts) signed with Party A or
other third parties, or is involved in litigation or arbitration due to disputes arising from such contracts; 
 13. Where the controlling shareholder of
Party B transfers the shares held by it in Party B; or where Party B’s controlling shareholder, actual controller, legal representative or senior management is involved in major events, including but not limited to that they have been subject
to administrative or criminal sanctions or are investigating by relevant departments and may be subject to administrative or criminal sanctions due to violations of laws and regulations in operation, litigation or arbitration cases, serious
deterioration of financial situation, and declaration of bankruptcy or dissolution; 
 14. Where the guarantor under the relevant guarantee contract
breaches the contract, including but not limited to the false information provided by the guarantor on guarantee materials and formalities and the violation by the guarantor of the credit granting contract, guarantee contract or other similar
contract signed by it with Party A or any other third party; or litigation or arbitration due to disputes arising from such contracts, forced or voluntary suspension of business, major business errors, having been subject to administrative or
criminal sanctions or being investigating by relevant departments or may be subject to administrative or criminal sanctions due to illegal business operations, evading bank’s creditor’s rights, mergers, acquisitions and restructuring, and
other circumstances that may weaken its ability to guarantee; 
 15. Where unfavorable changes occurred in the industry in which Party B is engaged, and
Party A believes that such changes have harmed or may harm the realization of the creditor’s rights hereunder; 
 16. Where Party B has not fulfilled
other debts due (including debts due to branches at all levels of Ping An Bank or other third parties), or transfers property at a low price or on a gratuitous basis, deducting third-party debts, or is lazy in exercising creditor’s rights or
other rights; 
 17. Where Party B’s shareholders abuse the independent status of the corporate legal person and the shareholder’s limited
liability to evade debts, and Party A believes that this may endanger the security of the creditor’s rights hereunder; 
 18. Where any preconditions
for the use of the Limit of Self-service Loan stipulated herein are not continuously satisfied; 
 19. Other circumstances relating to Party B that have
harmed or may harm the realization of the creditor’s rights hereunder. 
 (II) Liability for breach 

Where Party B has any of the said breaches, Party B shall bear the liability for breach in accordance with the Contract, while Party A has the right to choose
or/and use the following methods to investigate Party B’s liability for breach according to the specific circumstances: 
 1. Refusing Party B to
continue to use the unused Limit of Self-service Loan and ceasing providing the function of Self-service Loan business to Party B; 
 2. Announcing that the
outstanding principal and interest of the loan will mature immediately and Party B shall immediately return the principal and interest of the loan and related expenses; 

  
 10 

 3. Corresponding adjustment or cancellation or terminating the Limit of Self-service Loan accordingly, or
adjusting the validity period of the Limit of Self-service Loan; 
 4. Where Party B fails to use the loan fund according to the purpose stipulated herein,
for the part subject to Party B’s misappropriation, an interest at the penalty interest rate of 100% according to the loan interest rate stipulated herein shall be charged from the date of misappropriation on the basis of the number of days of
delay. For interest that cannot be paid on time, the compound interest rate shall be charged at the penalty interest rate; for the loan subject to overdue payment of interest and misappropriation, the penalty interest or compound interest will be
charged for the one is larger; 
 5. Where the loan matures duly or matures in advance, and Party B fails to repay the principal and interest of the loan as
agreed, Party A has the right to impose an interest at 50% penalty interest rate on the loan principal according to the loan interest rate stipulated in the Contract from the date of overdue at the actual number of overdue days, and also impose a
compound interest at the penalty interest rate on the interest that cannot be paid on time; 
 Expenses (including announcement fee, service fee, appraisal
fee, attorney fee, legal fee, travel expenses, assessment fee, auction fee, property preservation fee, compulsory execution fee, etc.) required by Party A to collect the loan principal and interest, which arise from the failure of Party B to repay
the loan principal and interest at maturity, shall be borne by Party B. 
 6. If the payment for loan principal or interest is overdue for a period less
than 90 days (including 90 days), the loan repayment order is: (1) fees; (2) interest (including penalty interest and compound interest); (3) principal. If the payment for loan principal or interest is overdue for a period more than 90 days,
the loan repayment order is: (1) fees; (2) the principal; (3) interest (including penalty interest and compound interest). 
 7. Other remedies
that Party A has the right to claim in accordance with the law and the Contract. 
 Article 14 Statement and undertakings of Party B 

1. Party B is a company legally established, validly existing and has a good reputation in the jurisdiction under which it is established. It has all the
corporate rights as well as government licensings and approvals to engage in its current business. 
 2. Party B has completed all the authorizations and
approvals required to sign the Contract. Signing the Contract is the true declaration of intention of Party B and will not result in violation of its agreement or commitment with any third party. Party B did not violate any laws, regulations and
rules concerning environmental protection, energy conservation, emission reduction and pollution reduction in the signing of the Contract, and undertakes to strictly abide by such laws, regulations and rules after signing the Contract. 

3. Except for those in the notice send to Party A by Party A in writing before the signing of the Contract, Party B does not have any procedures, such as
litigation, arbitration, enforcement, appeal, reconsideration, and other events or circumstances that may have a material adverse effect on the performance of the Contract. 

4. Party B shall provide financial statements, information of all bank accounts and balances of deposits and loans and other relevant materials required by
Party A within the time limit required by Party A and ensure that the documents and materials provided are true, complete and objective, without any false records, misleading statements or major omissions, and the financial statements shall be
prepared in strict accordance with Chinese accounting standards. 
 Article 15 Miscellaneous 

 

                          
                                         
                                         
                                         
                                         
                 
  

                          
                                         
                                         
                                         
                                         
                 
  

                          
                                         
                                         
                                         
                                         
                 
  

Article 16 Supplementary provisions 

  
 11 

 1. ☐Both parties agree to enforce the notarization of the Contract 

After the Contract has been subject to a notarization with enforcement effect handled by both parties, if Party B does not perform or does not fully perform
the obligations stipulated in the Contract, Party A has the right to apply for an execution certificate from the original notary office, and apply to the competent people’s court (i.e., the people’s court at the domicile of the person
subject to enforcement or the people’s court at the place where the property of the person subject to enforcement is located) by virtue of the original notarial certificate and the execution certificate for enforcement. 

☐No enforcement of notarization shall be handled for the Contract 

2. In addition to the Contract, the payment application, payment voucher and loan IOU for any single loan under the Limit of Self-service Loan formed in
the course of handling business by both parties (including all kinds of information retained by Party A’s system), as well as all the notices send by Party A to Party B, form an integral part of the Contract and are binding on both parties.

 3. Unless there is evidence to the contrary as determined by the people’s court, Party A’s internal accounting records and system
records concerning the principal, interest, expenses and repayment records of the loan, and the documents and payment voucher incurred by Party B in the course of business handling issued or retained by Party A, as well as the records, vouchers and
notices on collection and notes from banks, all constitute valid evidence to prove the creditor-debtor relationship between the parties; Party B undertakes to raise no objection. 

4. Where Party B has any objection to the electronic loan IOU, business statements and other relevant documents provided by Party A (including by Party
A’s system), it shall submit the objection with 10 days after the business occurs. Otherwise, Party B shall be deemed to fully approve the entire content. 

5. After the agreement between the two parties, the Contract may be modified or rescinded, and the agreement to modify or rescind the Contract shall be made
in writing. 
 6. During the existence of the Contract, Party A’s tolerance or extension for Party B’s any breach of contract or delay or Party
A’s postponement in exercising its due rights hereunder shall not impair, influence or limit all rights due to Party A as stipulated by the Contract and relevant laws, and it shall not be regarded as Party A’s permission or recognition of
any breach of this contract, nor shall it be deemed that Party A waives its right to take action against Party B’s existing or future breach of contract. 

7. If the Contract becomes invalid in law or part of its terms is invalid for any reason, Party B shall still perform all repayment obligations. In the
event of the above, Party A has the right to terminate the Contract and may immediately recover from Party B the principal and interest of the loan hereunder and other relevant funds. 

8. Party B agrees and authorizes Party A to inquire Party B’s credit information from the Financial Credit Information Basic Database and other credit
reference institutions whose establishment is approved by the credit reference industry regulatory department under the State Council during the credit business application period and business continuity period of Party B for the application of
Party B’s credit business and the follow-up management. Party B agrees and authorizes Party A to, in accordance with the provisions of the Administrative Regulations on the Credit Reporting Industry,
submit Party B’s enterprise information and credit information, including but not limited to credit loan information and information that negatively affects the credit status of the information subject, to the Financial Credit Information Basic
Database and other credit reference institutions whose establishment is approved by the credit reference industry regulatory department under the State Council. 

9. Please fill in the option box with “ “ for the option determined on a unified basis.✓ 

10. The disputes arising during the performance of the Contract by both parties shall be settled through negotiation between the parties; if the
negotiation fails, the following Item (2) shall be applied: 

  
 12 

 (1) Apply for arbitration to      in accordance with the arbitration rules then
effective. The arbitral award is final and binding on both parties. 
 (2) File a lawsuit to the people’s court of the locality where Party A is
located. 
 11. The Contract shall be governed by the laws of the People’s Republic of China. 

12. The Contract shall become effective after it has been signed by both parties (it shall be signed or sealed by the authorized signatory and sealed with the
official seal). 
 13. The original of the Contract is made in quintuplicate, with two for Party A and one each for Party B, ☐ the guarantor and
☐ the registration authority. 
 Party B hereby confirms that it has carefully reviewed and fully understood all the terms and conditions of the
Contract, and signing the Contract is its true declaration of intention. 
 Party A (Seal): 

Signature of person in charge or entrusted agent: 
 June 15,
2018 
 Ping An Bank Co., Ltd., Shanghai Branch Seal specific for contract on credit extension to legal person clients (seal) 

/s/ Leng Peidong 
 Party B (Seal): 

Signature of legal representative or authorized agent: 

June 15, 2018 
 Shanghai Tong Gou Information Technology Co.,
Ltd.(seal) 
 /s/ Wang Wei 

  
 13 

 Comprehensive Credit Line Contract 

 
  

 Comprehensive Credit Line Contract 

Contract number: PINGAN BANK (SHANGHAI) Z No. A454201806140001 

Party A (the granter of line of credit): Ping An Bank Co., Ltd., Shanghai Branch 

Domicile (address): 1333 Lujiazui Ring Road, Pudong New Area, Shanghai 

Legal representative (principal): Leng Peidong 
 Phone:
**** 
 Party B (the applicant for line of credit): Shanghai Tong Gou Information Technology Co., Ltd. 

Domicile (Address): Room 302, 3/F, 1000 Tianyaoqiao Road, Xuhui District, Shanghai 

Legal representative: Wang Wei 
 Phone: **** 

Party B applies to Party A for a comprehensive credit line, and the two parties hereby enter into this contract upon mutual agreement in accordance with the
Contract Law and relevant laws and regulations. 
 Article 1 Line and Type of Credit 

1.1 Party A agrees to extend the comprehensive credit line of (currency) RMB (in number) 4,200,000.00 (in words) four million and two hundred thousand only.
Such credit line can be granted in multiple currencies. The currency exchange rate other than RMB is converted at the exchange rate quoted by Party A when each specific business actually occurs. 

1.2 The length of maturity comprehensive credit line shall be item 2 below: 

(1) From                     to
                     . 
 (2) Twelve months ✓, as
of the effective date of this contract. 
 Within the length of maturity, the credit line can be recycled, however, the total balance of various credit
types within the line shall not exceed the sum of the comprehensive credit line. ✓ When the credit line expires, the unused part will automatically become invalid. 

The length of maturity of credit line shall mean the specific credit extending period under the credit line (i.e. the determination period of the
creditor’s right), of which the commencement date must be within the length of maturity while the specific termination date may be later than such length. The commencement date and closing date of any specific credit extension shall be subject
to the provisions of the specific credit extension business contract. 
 1.3 The credit line shall be extended in the following ways but not limited to:

 Loan, borrowing, bill acceptance and discount, overdraft, factoring, guarantee, loan commitment, establishment of a letter of credit, gold lease,
derivative products, etc. 
 Among them, the basic types of derivatives include forwards, futures, swaps (swaptions) and options. Derivatives also include
structured financial instruments with one or more characteristics of forwards, futures, swaps (swaptions) and options. 
 1.4 The specific types/extension
method, amount, interest rate, rate and length of maturity under the credit line shall be subject to the single credit extension contract, loan IOU or other credit extension certificates. 

1.5 Transfer under the credit line 

 Party B agrees to transfer this credit line to the following third party for use (i.e., the following
subject may also use this line of credit), and shall be jointly and severally liable for all principals, interests, penalty interests and compound interests of the debts (including contingent debts) incurred by the following subject under this line,
expenses for realizing the creditor’s right (including but not limited to litigation fees, lawyers’ fees, notarization fees, execution fees, etc.), and other losses and expenses caused to Party A by the debtor’s default. The guarantee
period shall start from the effective date of the specific credit extension contract until two years after the expiration of the debt performance period stipulated in the specific credit extension contract (including the early maturity of the debt).

 Specific target and amount of credit transfer: 
  

							
	☐	  	 (transferee), amount: (equivalent)
	  	 (currency) (in words)
	  	;                                   
                         
	☐	  	 (transferee), amount: (equivalent)
	  	 (currency) (in words)
	  	;                                   
                         
	☐	  	 (transferee), amount: (equivalent)
	  	 (currency) (in words)
	  	;                                   
                         
	☐	  	      

	    
	    

 Article 2 Use of Credit Line 

2.1 The signing of this contract by both parties does not constitute Party A’s credit extension commitment to Party B. Party B shall submit a written
application to Party A in a case-by-case basis for the specific credit extension business under the credit line. Party A shall have the right to independently decide
whether or not to issue the credit line to Party B. If Party A agrees to issue any single credit extension after examination, the parties shall sign a separate single credit extension contract according to the nature of business. 

2.2 Conditions precedent for the use of credit line: 
 (1) Party
B has completed government licensing, approval, registration and delivery and other legal procedures (if any) with respect to the credit extension hereunder in accordance with relevant laws and regulations; 

(2) The relevant guarantee contract has been in force (if any); 

(3) Party B has paid all the fees related to this contract (if any); 

(4) Party B has met the credit extension conditions stipulated herein; 

(5) There are no adverse changes in the operation and financial status of Party B and the guarantor (if any); 

(6) The repayment willingness of Party B and the guarantee willingness of the guarantor (if any) have not changed; 

(7) Party B has not violated any provisions hereof. 
 2.3 Party
A has the right to adjust the amount of credit line according to the exchange rate or require Party B to provide additional guarantee. 
 2.4 Party A shall
have the right to supervise the use of credit line and the purpose of credit funds, and Party B shall offer cooperation. 
 2.5 Before or during the use of
the credit line, if Party A is unable to let Party B to use such line due to the change of national macro-control policies, the requirements of Party A’s regulatory department on Party A to control the credit scale or credit direction, or other
reasons not attributable to Party A, it has the right to suspend or terminate the use of this line and terminate this contract, and Party B has no objection to this. 

Article 3 Repayment 
 3.1 Party B shall
open an account with Party A and deposit the payable amount into the account before the agreed repayment date. 
 3.2 Party B shall fulfill the debt on
schedule upon expiration of each credit extension within the credit line. Or otherwise it will be treated as overdue credit or disbursement. 

 3.3. Party B hereby irrevocably authorizes Party A to deduct the principal and interest of credit extension
and related fees which are due within the credit line from any account opened by Party B in any establishment of Ping An Bank. 
 Article
4 Party B’s Statements and Undertakings 
 4.1 Party B is a legally incorporated, validly existing company with good reputation in the jurisdiction
where it is located and has all corporate rights and government permission and approval to engage in the business it is engaged in. 
 4.2 Party B has
completed all the authorization and examination and approval required to sign this contract. The signing of this contract is the true intention of Party B and will not result in the violation of the agreement or commitment it has signed with any
third party. Party B did not violate any laws, regulations and rules concerning environmental protection, energy conservation, emission reduction and pollution reduction in the signing of the Contract, and undertakes to strictly abide by such laws,
regulations and rules after signing the Contract. 
 4.3 Except for the written notice given to Party A before signing this contract, Party B shall not have
any litigations, arbitrations, executions, appeals, reconsiderations and other procedures or other events or circumstances that may have a material adverse impact on the performance hereof. 

4.4 Party B shall, within the time limit required by Party A, provide the financial statements, all bank accounts and the balance of deposits and loans as
well as other relevant information required by Party A, and ensure that the documents and materials provided are true, complete and objective, and contain no false records, misleading statements or major omissions, and that the financial statements
are prepared in strict accordance with Chinese accounting standards. 
 Article 5 Party B’s Rights and Obligations 

5.1 If Party B opens an account with Party A, it shall have priority in handling deposit, settlement and other services with Party A. 

5.2 If Party B is a group customer, it shall submit a written report to Party A within ten days after the occurrence of the affiliated transaction with a net
asset of more than 10%, which shall include the relationship between the trading parties, the transaction items and the nature of the transaction, the transaction amount or corresponding proportion, and the pricing policy (including the transaction
with no amount or only token amount). 
 Group customers refer to enterprises and institutions that: 

(1) directly or indirectly control or are controlled by other enterprises or institutions in equity or operation; 

(2) are jointly controlled by third party enterprises or institutions; 

(3) are controlled directly or indirectly by major investors, key managers or close family members (including direct kinship up to three generations and
collateral kinship up to two generations); 
 (4) have associated relationships, and, of which assets and profits may not be transferred in accordance with
the principle of fair price, are therefore regarded as group customers for credit management. 
 5.3 In case of any of the following circumstances, Party B
shall notify Party A in writing thirty days in advance. If Party A considers that the performance hereof may have a significant impact, Party B shall obtain Party A’s written consent before proceeding: 

(1) Major changes have taken place in management system, equity structure, form of property right organization and main business, including but not limited to
implementing contracting, leasing management, joint operation, shareholding reform, consolidation (merger) and acquisition, joint venture (cooperation), division, establishment of subsidiaries, custody (takeover), enterprise sale, transfer of
property rights, reduction of capital, etc.; 
 (2) Important assets of which value exceeds 10% of net assets are sold, donated, lent, transferred,
mortgaged (pledged) or otherwise disposed of; 
 (3) Dividends exceed 30% of the year’s after-tax net profits
or 20% of the total undistributed profits; 

 (4) Foreign investments newly added after the credit line comes into effect account for more than 20% of the
net assets; 
 (5) Debt terms with other banks are changed to prepay other long-term obligations; 

(6) Debts owed to Party B’s shareholders are repaid; 
 (7)
Application for credit extension from other banks, provision of guarantee to third parties, or reduction or mitigation of third-party debts, involving the amount of debts exceeding 20% of the net assets. 

5.4 Party B shall notify Party A in writing within seven working days upon the occurrence or possible occurrence of the following matters, and Party A shall
have the right to decide whether to require Party B to provide additional guarantee or directly recover all the loans according to the specific circumstances of the matters: 

(1) The business and financial conditions of Party B or the guarantor deteriorates, or major financial losses, asset losses (including but not limited to the
asset losses arising from its external guarantee) or other financial crisis occur to Party B or the guarantor; 
 (2) Party B is subject to administrative
penalties, criminal sanctions or major legal disputes due to its illegal operation; 
 (3) Party B, its shareholders or actual controllers, legal
representatives or main management personnel of the guarantor are involved in major cases or major assets of the same are subject to compulsory measures such as property preservation or administrative penalties or criminal sanctions, or other events
that have prevented them from performing their duties properly have occurred; 
 (4) Party B or the guarantor provides a guarantee to a third party, which
has a material adverse impact on its financial situation or ability to perform its obligations hereunder; 
 (5) Party B or the guarantor is subject to
division, consolidation, major merger, acquisition and reorganization, major assets disposal, capital reduction, shutdown, suspension of business for rectification, liquidation, restructuring, cancellation, dissolution, bankruptcy or revocation of
business license, etc.; 
 (6) The value of the collateral is obviously reduced, lost or disputed in ownership, or it is sealed, detained, frozen, deducted,
retained or auctioned; 
 (7) Other major events or breach events that can affect the business activities of Party B, guarantor and the loan security of
Party A. 
 5.5 If Party B changes its domicile, mailing address, contact number, business scope, legal representative and other matters, it shall notify
Party A in writing within seven working days after the change. If Party B fails to perform the above notification obligations, Party A shall be deemed to have delivered the relevant notices and documents (including but not limited to the notices and
documents of both parties during the performance of the contract, relevant materials and documents relating to arbitration or litigation in the course of arbitration or litigation, and relevant materials and documents during the execution of the
case) according to the original address and mailing address. 
 5.6 Party B shall maintain a reasonable financial ratio during the period of use of the
credit line. 
  

			
	☐      The financial indicators within the period of use meet the following standards: 	 	 

	
	  

	  

 ☐ 5.7 Party B agrees to abide by the following provisions if it transacts the “Yidaitong” business: 

(1) Party B shall open a settlement account with Party A, among which, for three types of pledge loans of export tax refund account, warehouse receipt,
accounts receivable, Party B shall open a collection account with Party A and authorize Party A to directly deduct the funds in the collection account to repay this credit. 

(2) After the loan is issued, Party B shall open and use the enterprise e-bank products in Party A. 

(3) Party B undertakes to give priority to Party A in undertaking new mortgage and pledge financing. 

Article 6 Rights and Obligations of Party A 

 6.1 If the credit line is more than one year (excluded), Party A shall have the right to evaluate the
operation financial status and specific project progress of Party B and the guarantor (if any) according to the credit extension conditions stipulated herein from the second year after the line comes into effect, and adjust the credit amount, length
of maturity and interest rate according to the evaluation results. 
 If there is any collateral (pledge), Party A shall have the right to request an
appraisal agency recognized by Party A to evaluate the value of the collateral (pledge) annually. If the value of collateral (pledge) has decreased significantly and is not enough to guarantee the principal contract debt, Party A shall have the
right to require Party B to return part of the loan or provide other guarantee measures approved by Party A. 
 6.2 Party A has the right to request Party B
to provide information related to the credit line, enter Party B’s business premises, to investigate, review and check the use of credit line and Party B’s assets, financial status and business situation, for which Party B shall offer
cooperation, and to supervise Party B’s use of the loan for the purposes agreed herein. 
 6.3 Party A shall keep confidential the information provided
by Party B, unless otherwise stipulated by laws, regulations or regulatory authorities or otherwise agreed by both parties or the information provided by Party B does not constitute confidential information. 

Article 7 Liability for Breach 
 7.1 Any of
the following events shall constitute an event of default in this article: 
 (1) Interest arrears, overdue payment, disbursement or failure to use credit
extension funds for the purposes agreed by both parties; 
 (2) Party B’s violation of any representations, warranties and commitments made by it; 

(3) Party B’s violation of any of its obligations under this contract; 

(4) Party B’s concealment of important information that is true; 

(5) Party B or the guarantor evades or cancels the creditor’s rights of the bank through affiliated transactions or other means; 

(6) Party B or the guarantor is negligent in managing and pursuing the due claims, or disposes of its main property and other assets without compensation, at
an unreasonably low price or in other inappropriate ways, or otherwise evade its debts; 
 (7) Party B makes use of any false contracts and arrangements
with any third party, including but not limited to discounting or pledging claims such as notes receivable with no real trade background to obtain funds or credit from Party A or other banks; 

(8) Party B or guarantor violates other contracts (including but not limited to credit extension contracts, loan contracts and guarantee contracts) signed
with Party A or other banks or any debt securities issued by them; 
 (9) The guarantor of Party B violates the provisions of the guarantee contract
(including but not limited to guarantee contract, mortgage contract and pledge contract) or causes any event of default under the guarantee contract, or the guarantee contract is not effective, invalid or canceled. The value of the collateral is
obviously reduced, lost, disputed in ownership, or it is sealed, detained, frozen, deducted, retained or auctioned; 
 (10) Any of the matters set forth in
Articles 5.3 and 5.4 actually occur and Party A believes that it will affect the security of its creditor’s rights. 
 (11) The operation period of
Party B or the guarantor expires within the length of maturity of this credit line, and no extension procedures have been completed. 
 7.2 In case of any
breach of contract, Party A shall have the right to take the following measures: 
 (1) To adjust, cancel or terminate the comprehensive credit line under
this contract, or adjust the term and amount of the credit line; 
 (2) To announce the immediate expiration of all or part of the credit granted under this
credit line and require Party B to immediately repay part or all of the principal, interest and expenses of the credit extension, and from the date of the occurrence of the breach, collect the penalty interest at the penalty interest rate for all
the credit principal issued by it until Party B pays off all the credit principal. The expenses shall include but not limited to the attorney’s fees, legal fees, arbitration fees, travel expenses, announcement fees, delivery fees, execution
fees, transfer fees and other expenses paid by Party A to realize the creditor’s rights; 

 (3) To require Party B to deposit a margin in full to cover the outstanding acceptance, guarantee, letter of
credit and other credit extension services; 
 (4) To require Party B to provide new guarantee measures approved by Party A; 

(5) To directly deduct from the account of Party B and the guarantor to pay off all debts of Party B hereunder and under specific business contracts
(including debts required to be paid off in advance by Party A) without prior consent of Party B; 
 (6) To exercise the guarantee right and require the
guarantor to perform the guarantee liabilities or realize the creditor’s right by disposing of the collaterals and/or pledge; 
 (7) If Party A claims
the right of subrogation from Party B’s debtor according to law, or requests the court to revoke Party B’s waiver of its creditor’s rights due to it or transfer the property without compensation or at an obviously unreasonable low
price, Party B shall provide all necessary cooperation and assistance as required by Party A, and all expenses incurred by Party A shall be borne by Party B. 

(8) To take other relief measures as stipulated by laws, regulations and contracts. 

Article VIII Miscellaneous 
 (I) The
accounts receivable between Party B and the designated buyer shall not be pledged again to any third party other than Party A. 
 (II) The sole account of
payment collection between Party B and the designated buyer shall only be the agreed account of Party A. The enterprise that uses the funds authorizes Party A to inquire and collect its tax invoice information at any time during the business
duration, and to directly deduct the funds from the special account for the collection of funds to repay Party A for financing or fill in the credit exposure, or otherwise Party A has the right to recover the loan in advance. 

(III) Party B shall undertake to change the specified buyer’s payment collection account to the designated account of Party A within three months, and
shall transfer the money paid to other bank accounts by the designated buyer to the designated account of Party A within three days before the account is changed, or otherwise Party A has the right to recover the loan in advance. 

(IV) Party A has the right to conduct dynamic monitoring of the account opened by Party B with Party A, and, if any abnormal situation is found in the credit
extension business, to take measures including but not limited to freezing, stopping payment and canceling value-added services such as online banking. 

Article IX Supplementary Provisions 
 9.1
☐ Both parties agree to perform compulsory notarization of this contract 
 After the Contract has been subject to a notarization with enforcement
effect handled by both parties, if Party B does not perform or does not fully perform the obligations stipulated in the Contract, Party A has the right to apply for an execution certificate from the original notary office, and apply to the competent
people’s court (i.e., the people’s court at the domicile of the person subject to enforcement or the people’s court at the place where the property of the person subject to enforcement is located) by virtue of the original notarial
certificate and the execution certificate for enforcement. 
 ✓This contract is not subject to compulsory notarization 

9.2 Applications for single credit extension, credit extension contracts, loan IOUs, credit extension certificates relating to this contract and other
relevant documents and materials confirmed by both parties, and the letters of commitment, declarations and other documents unilaterally issued by Party B to Party A shall be an integral part of this contract with the same legal effect. 

9.3 Party B agrees and authorizes Party A to inquire Party B’s credit information from the basic database of financial credit information and other
credit investigation agencies established according to law during the application stage of Party B’s credit business and during the existence of Party B’s credit business, for purpose of Party B’s credit business application and follow-up management. Party B agrees and authorizes Party A to submit Party B’s enterprise information and credit information, including but not limited to credit information and other information that
negatively affects the credit status of information subject, to the basic database of financial credit information and other legally established credit investigation agencies in accordance with the Regulations on the Administration of the Credit
Reporting Industry. 

 9.4 All the determined options shall be determined by marking ✓ in the option box. 

9.5 Any dispute arising from the performance of this contract shall be settled by both parties through negotiation. If no agreement can be reached through
consultation, the settlement shall be made in accordance with item (2) below: 
 (1) Apply to    for arbitration in
accordance with the arbitration rules in force of the Commission at the time of application. The arbitral award is final and binding on both parties. 
 (2)
File a lawsuit to the people’s court of the locality where Party A is located. 
 (3) To file a lawsuit to the People’s
Court                . 
 9.6 This contract shall be governed by the laws of
the People’s Republic of China. 
 9.7 This contract shall come into force after it is signed by both parties (signed by the authorized signatory or
affixed with seal, together with official seal). 
 If Party B fails to use the credit line within three months from the effective date of this contract,
Party A shall have the right to unilaterally terminate this contract. 
 9.8 This contract is made in quintuplicate, with Party A holding two and Party
B’s ✓ debtors ☐ and registration authority holding one respectively. 
 Party B hereby declares that it fully understands the terms of
this contract (especially those in boldface) and the relevant terms of the guarantee contract and other relevant documents, and have obtained independent legal advice in this regard (if necessary). 

Party A(seal): 
 Legal representative (principal) or authorized
agent (signature): 
 Signed on: June 15, 2018 
 Seal
specific for contract on credit extension to legal person clients—Ping An Bank Co., Ltd., Shanghai Branch (seal) 

/s/                     

Party B (seal): 
 Signature of legal representative or entrusted
agent: 
 Signed on: June 15, 2018 
 Shanghai Tong Gou
Information Technology Co., Ltd. (seal) 
 /s/ Wang Wei 

 Supplementary Agreement to the Contract of Comprehensive Credit Line 

(Applicable under the orange financing business) 

Party A: Ping An Bank Co., Ltd., Shanghai Branch 

Address: 1333 Lujiazui Ring Road, Shanghai 
 Phone:
**** Fax:                         

Pincipal: Leng
Peidong    Position:                                 

Party B: Shanghai Tong Gou Information Technology Co., Ltd. 

Address: Room 302, 3rd Floor, 1000 Tianyaoqiao Road, Shanghai 

Phone:
                            Fax:
                         

Legal representative: Wang Wei     Postal code:
                              

This supplementary agreement is hereby entered into by and between the parties through consultation, in accordance with the provisions of Contract of
Comprehensive Credit Line (No.: PINGAN BANK (SHANGHAI) Z No. A454201806140001) between the parties, and subject to relevant national laws and regulations. 

Article 1 If Party B applies to Party A for online financing business through the electronic channels provided by Party A, the parties agree to perform their
obligations in accordance with the provisions of this supplementary agreement. 
 (1) The “Chengyi Financing Platform” referred to herein shall
mean an electronic financial service system developed and implemented by Ping An Bank designed to provide online services to all relevant participants in the financing business, with a view to providing customers with more efficient and convenient
financing, settlement, fund management, risk management, information services and other comprehensive financial products and services, and maximizing the realization of high transparency and sharing and business flow, logistics, capital flow,
information flow and other information, through the integration of the system with the bank’s internal credit management system, accounting treatment system, accounting system and other interacted systems, as well as the coordination and
sharing of data information with the relevant business partners. Also referred to herein as “Party A’s Platform”. 
 Subject to the different
business processes and operating rules set by Party A for different financial products and services, Party B can undertake various business operations by electronic signature through Party A’s electronic channels such as orangebank \ Online
Banking, including the submission, signing, confirmation and modification of various business applications (such as loan application, acceptance application, pledge application, repayment application, collateral replacement/disposal, guarantee
cancellation application and various information service application) and other relevant legal documents corresponding to relevant financial products and services through Party A’s Platform, and inquiry, statistics, early warning of business
application or treatment statuses using specific functions of Party A’s Platform. 
 (2) The term “Online Financing Business” herein refers
to financial products and services that all or part of the service functions corresponding to all or part of business processes and operating steps are successfully realized through Party A’s Platform. Including but not limited to: loan, loan
with customized line of credit, acceptance, discount, letter of credit, letter of guarantee and other basic financing products; inventory pledge and other financing by assets mortgage and pledge, factoring and other accounts receivable financing,
advance payment financing by invoicing/payment before shipping and other supply chain financing business; all kinds of settlement and information value-added services. 

  
 1 

 Article 2 Both parties hereby confirm that, before applying for the Online Financing Business, Party B shall
have signed an Agreement on Use of Ping An Bank Chengyi Financing Platform (hereinafter referred to as the “Agreement on Use of Platform”) with Party A and ensure the continued validity thereof. 

The parties undertake to complete the legal effect of various transactions and electronic order exchange in the form of electronic signature through Party
A’s Platform respectively: they acknowledge the manner to submit, confirm or sign any legal documents electronically through Party A’s Platform and the legal effect thereof, and undertake to follow the Digital Signature Law of the
People’s Republic of China and other relevant national laws and regulations and departmental regulations, the relevant provisions and standards of national information security level protection, and Internet technical specifications and
security specifications formulated by the state. 
 Article 3 When Party B applies for the loan and acceptance business under the Online Financing Business
stipulated in this supplementary agreement, Party A and Party B agree to abide by the “agreement on loan business”, “agreement on the draft acceptance” and other relevant provisions herein. 

(1) The parties agree that Party B shall transact the loan and acceptance business under the Online Financing Business through Party A’s Platform by
submitting the loan application and acceptance application to Party A through the platform, instead of separately signing a single loan contract or contract on draft acceptance, and that Party A will also review and confirm the applications through
the platform. 
 The parties hereby specify that Party A reserves the right to request Party B not to issue a single business application and sign a
specific credit extension contract according to the specific business development conditions, and Party A warrants that Party B’s principal debts hereunder and under any other relevant credit extension contract will not be increased due to the
signing form thereof. 
 (2) When Party B deals with specific credit extension businesses such as note discount, overdraft, factoring and issuing of letter
of credit under the Contract of Comprehensive Credit Line, it shall still sign a separate master contract for single credit extension business as required by Party A, or otherwise Party A will be entitled to refuse the credit extension application
from Party B. 
 (3) Party B shall also sign a paper capital payment and acceptance contract as required by Party A when dealing with loan and acceptance
business not through Party A’s Platform, or otherwise Party A shall be entitled to refuse the credit extension application from Party B, unless otherwise agreed by both parties. 

(4) Party A has the right to adjust the signing form of the contracts / business application forms and other legal documents of Party B to apply for handling
credit extension business under the Contract of Comprehensive Credit Line, and Party B promises not to raise any objections and is willing to cooperate unconditionally. 

(5) Within the effective period of the line stipulated in the Contract of Comprehensive Credit Line, if Party B electronically signs the business application
forms and other relevant legal documents hereunder with its orangebank / Online Banking customer name, customer certificate and password when applying for online financing business, and submits the business application to Party A through the
electronic channels provided by Party A (including but not limited to the use of Internet information technology, any electronic service platform or system provided by Party A), such business application, once confirmed by Party A, shall have the
legal effect as provided by currently effective laws of the People’s Republic of China, and binding on both parties. 
 If Party B applies to Party A
for business in the foregoing way, it undertakes that it has signed the user service agreement of orangebank and other electronic channels with Party A or otherwise required by Party A, and officially opened the service functions of orangebank and
other relevant electronic channels. 
 (6) Party A and Party B hereby confirm that the parties acknowledge the manner to submit, confirm or sign any legal
documents electronically and the legal effect thereof. And the parties undertake to follow the Digital Signature Law of the People’s Republic of China and other relevant national laws and regulations and departmental regulations, the relevant
provisions and standards of national information security level protection, and Internet technical specifications and security specifications formulated by the state. 

Article 4 Agreement on Loan Business 
 (1) Party B shall submit
any loan application to Party A through Party A’s platform when applying to Party A for a single loan business under online financing business as agreed in this supplementary agreement (see Appendix 1 for reference). The application confirmed
by Party A is an integral part of the Contract of Comprehensive Credit Line and the appendixes hereto, and shall be legally binding on both parties. 

  
 2 

 (2) If Party A requires Party B to provide full amount of guarantee (including but not limited to third
party guarantee, property mortgage and pledge provided by Party B or any third party) before Party A extends the loan to Party B, Party B shall provide guarantee in line with Party A’s requirements and ensure the continuous validity of the
guarantee. Both parties shall sign corresponding guarantee contracts and complete guarantee procedures, or otherwise Party A shall have the right to refuse to extend the loan. 

(3) When applying for loan business from Party A, Party B shall submit a loan application to Party A, specifying the loan amount, length of maturity, interest
rate, date of loan issuance and other loan elements, and such loan application shall be subject to the approval of Party A. 
 The parties hereby confirm
that, in the event of any discrepancy between any of the above elements involved in any loan hereunder and the actual loan issued by Party A to Party B and the elements recorded in the final Loan IOU, the actual system records of Party A shall
prevail. Both parties undertake not to raise any objections, nor refuse to assume the agreed obligations on such basis. 
 (4) Party B shall pay the margin
(if any) in the proportion and amount agreed by both parties, prior to actual extension of the loan to Party B, with the specific amount, proportion and interest rate applicable to the margin subject to the records in each loan application submitted
by Party B and verified by Party A. Where they are not specified in the loan application, Party A’s actual requirements shall prevail. 
 Any
additional margin added by Party B in the course of business handling shall be deemed to be an automatic modification of the relevant margin provisions hereof without the further confirmation by both parties. 

(5) In case of no special agreement, the loan under the single loan application will be issued by Party A to Party B at one time. 

(6) Loan interest rate 
 1. Except as provided in paragraph 5
below, the loan interest rate for any single loan hereunder shall be determined according to the following criteria, and the interest rate of the first installment of each loan shall be subject to the record of the loan IOU printed by the platform
(“ ✓” in the option): 
 ☐ The benchmark interest rate of the People’s Bank of China for loans of the same grade on the date of
loan issuance ☐ increased by/☐ decreased by    %. 
 ☐ The benchmark interest rate of the People’s Bank of
China for the same grade loan on the loan issuance date☐+/☐-    % (floating point). 
 ☐ The benchmark interest rate
of the People’s Bank of China for loans of the same grade on the date of loan issuance. 
 ☐ ☐ LIBOR ☐ HIBOR on the date of loan
issuance ☐+/☐-(base point) (only applicable to foreign exchange loans). 
 ☐ The benchmark interest rate of LPR loans of the same grade on
the date of loan issuance ☐ increased by/☐ decreased by    %. 
 ☐ The benchmark interest rate of LPR loans of the
same grade on the date of loan issuance ☐+/☐-    (floating point). 
 ☐ The benchmark interest rate of LPR loans of
the same grade on the date of loan issuance. 
 2. The adjustment method for the loan interest rate under the Contract is (please fill in the option box
with “✓”): 
 ☐ Floating by                
(month/quarter/half a year/year). The adjustment day of interest rate shall be                below: 

1                (on a monthly/quarterly/semiannual/annual basis) The
date corresponding to the date of the loan issuance. If there is no corresponding date, it shall be the end of the corresponding month. 
 2 January
1st of each year. 
 ☐ A fixed interest rate will be applied regarding the Contract during the loan term. 

Where the loan interest rate fluctuates, the interest will be charged at the adjusted interest rate from the date of interest rate adjustment. However, in
case of repayment in installments (including equal repayment on schedule and decreasing repayment on schedule), the interest will still be charged at the interest rate before adjustment for the period in which the interest rate is adjusted, and the
interest rate will be charged at the adjusted interest rate from the next period. 

  
 3 

 3. If the benchmark interest rate is adjusted for more than one times, Party A shall adjust the latest
benchmark interest rate accordingly. If the People’s Bank of China adjusts the floating range of the benchmark interest rate, causing the agreed lending rate to be lower than the lower limit of the interest rate stipulated by the People’s
Bank of China, the interest rate of the loan hereunder shall be adjusted to such lower limit of the interest rate. Where the People’s Bank of China no longer publishes the benchmark interest rate, the loan interest rate under the Contract will
be adjusted to the industrial recognized loan interest rate or usual same-grade loan interest rate over the same period, unless otherwise agreed by the parties. 

4. If the state changes the method of interest rate determination, adjustment and interest calculation, the relevant provisions of the state shall apply. 

5. Party A will not further notify Party B of the above interest rate adjustment. 

6. If the loan interest rate applicable to any single loan hereunder is inconsistent with that recorded in each loan application submitted by Party B and
confirmed by Party A, the latter shall prevail. 
 Prior to the issuance of any single loan, Party A shall have the right to negotiate with Party B
the specific applicable loan interest rate as the case may be. If both parties fail to reach an agreement, Party A shall have the right to refuse to extend the loan. For a specific single loan business, if the loan interest rate agreed by both
parties is inconsistent with the standards and rules agreed in paragraphs (1) to (4) above, the agreed interest rate shall prevail. 
 (7)
Calculation and settlement of loan interest 
 1. Calculation of loan interest 

The interest shall be calculated according to the actual amount of the loan and the actual length of maturity as of the date when the loan is actually issued.
The interest rate on the loan hereunder is calculated on a daily basis. The daily interest rate in Pound Sterling and Hong Kong dollars = annual rate /365 and the daily interest rate in other currencies = annual rate /360. 

2. Settlement of loan interest 
 Both parties agree to settle
the interest on the 20th of each month. Party B shall make the payment of interest by ☐ month ☐ quarter ☐ year ☐ others. The loan maturity date is the last interest settlement date, and the interest should
be fully paid upon the repayment of the principal. 
 (1) The interest is paid monthly, and the date of settlement is the 20th day of each month. 

(2) The interest is paid quarterly. The first interest settlement date is the first 20th day after the date of issue of the loan. Interest is paid every three
months from the first interest settlement date. 
 (3) The interest is paid annually. The first interest settlement date is the first 20th day after the
date of issue of the loan. Interest is paid every twelve months from the first interest settlement date. 
 (4) Interest paid in other
ways,                    . 
 If the interest
settlement method applicable to any single loan hereunder is otherwise clearly specified in the loan application confirmed by Party A, the latter shall prevail. 

3. Party B shall deposit the interest payable into the designated account before each interest settlement date, and Party B authorizes Party A to deduct
directly from any account opened by Party B in Party A’s banking system. If Party B is unable to pay interest on time and in full, a compound interest shall be charged at the penalty interest rate stipulated in the Appendix from the next day of
expiration. 
 (8) Issuance and payment of loan 
 1.
Party A shall have the right to review the following matters before issuing the loan and decide whether to issue the loan or not based on the review results: 

(1) Whether or not Party B has completed government licensing, approval, registration and delivery and other legal procedures (if any) with respect to the loan
hereunder in accordance with relevant laws and regulations; 
 (2) Whether or not the relevant guarantee contract is in force (if any); 

  
 4 

 (3) Whether or not Party B has paid all the fees related to this contract (if any); 

(4) Whether or not Party B meets the loan conditions stipulated herein; 

(5) Whether or not there are any adverse changes in the operation and financial status of Party B and the guarantor (if any); 

(6) Whether or not the repayment willingness of Party B and the guarantee willingness of the guarantor (if any) have changed; 

(7) Whether or not Party B violates any provisions hereof. 

2. In the process of loan payment, if Party A finds that Party B’s credit status is declining or its main business profitability is not strong, or
abnormal use of loan funds occurs, it has the right to change the payment method of the loan or cease the issuance and payment of the loan funds. 

3. Prior to the issuance of the loan, if Party A is unable to issue the loan hereunder due to the change of national macro-control policies, the
requirements of Party A’s regulatory department on Party A to control the credit scale or credit direction, or other reasons not attributable to Party A, it has the right to cease the issuance or terminate this contract, and Party B has no
objection to this. 
 4. The disbursement of any single loan shall meet all regulatory requirements, and the loan funds are generally paid in the
following three ways: 
 (1) Full loan entrustment payment, meaning that Party A shall pay the loan funds through Party B’s account to Party
B’s counterparties meeting the agreed purpose according to the loan application and payment entrustment of Party B. 
 (2) Partial loan entrustment
payment, meaning that, if the payment object is clear and the single payment amount is more than a certain amount, Party A shall, according to Party B’s application and payment entrustment, pay the loan funds through Party B’s account
to Party B’s counterparties meeting the agreed purposes. The rest of the loan funds shall be paid by Party B independently, that is, Party A shall release the loan funds to Party B’s account according to Party B’s application,
and Party B shall pay the same to Party B’s counterparties meeting the agreed purposes. 
 (3) Full independent payment, meaning that Party A
shall transfer the loan funds to Party B’s account according to the application of Party B, and Party B shall pay the loan funds to Party B’s counterparties meeting the agreed purpose on its own. 

5. Both parties agree on the payment management of loan funds in accordance with the following provisions 

(1) Where, it is clearly stipulated in other relevant business agreements signed by both parties that any loan funds granted by Party A to Party B shall be
transferred to Party B’s counterparties, both parties agree to transfer the payment of the loan funds in accordance with “full loan entrustment payment”; 

(2) If there is no other agreement, Party B agrees that, when the single payment amount reaches more than
RMB                (included), the payment amount must be paid directly to Party B’s counterparties in the form of “full loan entrustment payment”; 

(3) If any single loan application confirmed by Party A contains other specific provisions on the payment method of loan funds, the provisions in the loan
application shall prevail; 
 (4) If the entrustment payment method is adopted, Party B may ask Party A to pay the loan funds only if the following
payment conditions are met: 
 1 Party B has submitted the payment application form and corresponding business contract and other supporting materials
as required by Party A, and the transaction object and payment amount listed in the payment application form are consistent with the supporting materials; 

2 The application for payment conforms to the loan purpose stipulated herein; 

3 Party B authorizes Party A to pay the loan funds to any specific transaction object; 

Party A has the right to review whether the information on the payment object, payment amount and other information listed in the payment application provided
by Party B is consistent with the corresponding business contract and other evidentiary materials, and has the right to reject the payment application that does not meet the loan purpose as stipulated herein. 

  
 5 

 (5) If the independent payment method is adopted, Party B shall give a monthly written summary of the loan
fund payment to Party A after the loan is issued, providing the transaction object, payment amount and other information as required by Party A and relevant business contract and other supporting materials as required by Party A. 

Party A has the right to verify whether the payment of the loan funds meets the agreed purpose through account analysis, voucher inspection, on-site investigation and other methods, and Party B shall cooperate. 
 6. Change of Payment Method and Triggering
Condition of Changes 
 In case of any of the following circumstances, Party A shall have the right to adjust the entrusted payment standard or change
the payment method to full entrustment loan payment: 
 (1) In case of independent payment, Party B fails to make a regular summary of the loan fund
payment to Party A as agreed, or refuses to cooperate with Party A to check whether the loan payment conforms to the agreed purpose through account analysis, voucher inspection or on-site investigation or
otherwise; 
 (2) Party B evades the entrustment payment of Party A by breaking up the whole into parts, in violation of the provisions of this contract;

 (3) Party B’s credit status decreases or its main business profitability is not satisfying; 

(4) Abnormal use of loan funds; 
 (5) Regulatory authorities
adjust the entrustment payment standard. 
 7. Account Management 

Through negotiation, Party B agrees to open the following account with Party A for Party A’s monitoring: 

(1) Party B agrees to open a loan issuing account with Party A as required by Party A, with the account name
of                and account number of                . The issuance and withdrawal of
loan funds shall be handled through this account. Party A has the right to dynamically monitor the account. When an abnormal situation is found, Party A has the right to take measures including but not limited to freezing and stopping of payment.

 2. Party B agrees to open an account for fund return at Party A as required by Party A (fill in the “☐” with
“✓”). 
 ☐ The fund withdrawal account shall be the same as the loan issuance account in item 1 

☐ The fund withdrawal account shall have the account name
of                and account number of                . 

The withdrawal of funds from the account shall comply with the following provisions: 

      
  

      
  

In the event that Party B fails to repay the loan owed to Party A in time, Party A shall have the right to deduct funds from the fund withdrawal account
opened by Party B at Party A and from other accounts opened by Party B with Party A and its subsidiaries to repay the principal and interest of the loan. 

(3) Party B agrees that Party A has the right to collect the loan in advance depending on Party B’s fund withdrawal. 

(4) In case of any discrepancy between the loan issuing account mentioned above and the record in the single loan application, the record in the loan
application shall prevail. Party B undertakes not to raise any objections on the basis of the inconsistency between the loan issuance account and/or the receiving account under the single loan amount provided that Party A has actually extended the
loan to Party B, and that the actual debt-creditor relationship between the two parties will not be affected in any way. 
 (9) Repayment of loan 

1. Party B shall repay all principal and interest of the loan on the maturity date, and if the repayment is unable to be made as scheduled, it shall notify
Party A at least one month in advance and negotiate with Party A on the repayment. 
 2. Party B shall repay the principal and interest of the loan in
accordance with the repayment method specified in item                below: 

  
 6 

 (1) Repayment of principal by installments: 

☐ Repayment by ☐month ☐quarter ☐year. The amount of principal payable for each installment shall be subject to the record on Party
A’s Platform. 
 ☐
Others                                        
                    . 
 (2) One-time repayment of principal at maturity. 
 3. The principal repayment date shall be the interest settlement date of
each month from the month when the loan is issued, in case of principal repayment on a monthly basis, or the interest settlement date every three months after the loan is made, in case of principal repayment on a quarterly basis, or the interest
settlement date every twelve months after the loan is made, in case of principal repayment on an annual basis. 
 4. Party B shall open an account with
Party A and deposit the payable amount into the account before the agreed repayment date. 
 5. Party B shall repay the principal and interest of the loan
hereunder in full and on time. If any of the installments fails to be paid in full and on time, Party A shall have the right to require Party B to repay all the loans, and to calculate and collect penalty interest on all overdue loans as of the
overdue date. 
 6. Party B hereby irrevocably authorizes Party A to deduct all the loan principal and interest due or due in advance from the
account opened by Party B in Ping An Bank. 
 7. If Party B needs to make repayment in advance, it shall submit a written application to Party A
thirty days in advance for Party A’s written consent. The written application for prepayment shall be irrevocable upon the written consent of Party A. 

☐ If Party B makes repayment in advance, it shall pay compensation to Party A. Such compensation shall be paid by Party B to Party A, together
with the prepayment principal and the interest payable. The compensation shall be calculated as the amount of prepayment * the number of days in advance * the agreed interest rate herein. The compensation amount shall be calculate and collected by
half according to actual number of days in advance, in case of less than thirty days, or be calculated and collected by thirty days in case of more than thirty days. 

(10) Party B shall truthfully provide the documents and materials required by Party A, together with all bank accounts and the balance of margins and loans,
and cooperate with Party A in the investigation, review and inspection. 
 (11) Special provisions on liability for breach of contract 

In the event of any breach listed in the Contract of Comprehensive Credit Line, or Party B’s failure to use the loan funds as agreed, or evasion of the
entrustment payment stipulated in “loan issuance and payment” herein by breaking up the whole into parts, Party A will be entitled to take the following measures: 

1. To cease or terminate any amounts not yet disbursed under the contract of line of credit; 

2. To announce the early maturity of the credit extension and require Party B to immediately repay part or all of the principal, interest and expenses of the
credit extension, and from the date of the occurrence of the breach, collect the penalty interest at the penalty interest rate for all the credit principal issued by it until Party B pays off all the credit principal; 

The expenses shall include but not limited to the attorney’s fees, legal fees, arbitration fees, travel expenses, announcement fees, delivery fees,
execution fees, transfer fees and other expenses paid by Party A to realize the creditor’s right. 
 3. To require Party B to provide new guarantee
measures approved by Party A; 
 4. To adjust the amount, length of maturity and interest rate of the loan according to the risk of the loan, and change the
repayment method to entrustment payment; 

  
 7 

 5. To directly deduct from the account of Party B and the guarantor to pay off all debts of Party B
hereunder and under specific business contracts (including debts required to be paid off in advance by Party A) without prior consent of Party B; 
 6. To
exercise the guarantee right and require the guarantor to perform the guarantee liabilities or realize the creditor’s right by disposing of the collaterals and/or pledge. 

7. Where Party B fails to repay the principal and interest of the loan as agreed upon when the loan expires or expires in advance, Party A shall have the
right to calculate and collect interest at the penalty interest rate of 50% of the loan principal according to the loan interest rate agreed herein from the date of the actual overdue days, and calculate the compound interest at a penalty interest
rate where there is any interest that fails to be paid on time. 
 8. If Party B misappropriates the loan, Party A shall have the right to charge 100%
penalty interest rate on the loan principal according to the loan interest rate agreed herein, starting from the date of misappropriating the part used in breach, and calculate the compound interest at a penalty interest rate where there is any
interest that fails to be paid on time. In both cases of overdue repayment or misappropriation, the penalty interest or compound interest (whichever is higher) shall be collected. 

If the payment for loan principal or interest is overdue for a period less than 90 days (including 90 days), the loan repayment order is: (1) fees; (2)
interest (including penalty interest and compound interest); (3) principal. If the payment for loan principal or interest is overdue for a period more than 90 days, the loan repayment order is: (1) fees; (2) the principal; (3) interest
(including penalty interest and compound interest). 
 9. If Party A claims the right of subrogation from Party B’s debtor according to law, or
requests the court to revoke Party B’s waiver of its creditor’s rights due to it or transfer the property without compensation or at an obviously unreasonable low price, Party B shall provide all necessary cooperation and assistance as
required by Party A, and all expenses incurred by Party A shall be borne by Party B. 
 10. To take other relief measures as stipulated by laws,
regulations and contracts. 
 Article V Agreement on Draft Acceptance 

(I) Party B shall submit any acceptance application to Party A through Party A’s platform when applying to Party A for a single draft acceptance under
online financing business as agreed in this agreement (see Appendix 2 for reference). The application confirmed by Party A is an integral part of the Contract of Comprehensive Credit Line and the appendixes hereto, and shall be legally binding on
both parties. 
 (2) If Party A requires Party B to provide full amount of guarantee (including but not limited to third party guarantee, property mortgage
and pledge provided by Party B or any third party) before Party A accepts the commercial draft issued by Party B, Party B shall provide guarantee in line with Party A’s requirements and ensure the continuous validity of the guarantee. Both
parties shall sign corresponding guarantee contracts and complete guarantee procedures, or otherwise Party A shall have the right to refuse to accept the commercial draft issued by Party B. 

(3) When Party B applies to Party A for handling the draft acceptance, it shall submit an acceptance application to Party A, clearly recording the amount of
draft, the draft term, the draft date, the draft maturity and other elements, which application shall be verified by Party A. 
 The parties hereby
confirm that, if the draft information and recording elements relating to any draft acceptance business hereunder are inconsistent with the relevant elements of the draft finally accepted by Party A, the draft information recorded in the commercial
draft finally accepted by Party A shall prevail. Both parties undertake not to raise any objections and shall not refuse to assume the agreed obligations on this basis. 

(4) Before Party A accepts the commercial draft issued by Party B, Party B shall provide Party A with the following guarantee (“ ✓
” for “☐” before the option to be selected, multiple choices are allowed): 
 ☐ The margin shall be paid in accordance with the
proportion and amount agreed by both parties, as the guarantee of the margin pledge provided by Party B to Party A. The specific margin amount, proportion and interest rate applicable to the margin subject to the records in each acceptance
application submitted by Party B and verified by Party A. 

  
 8 

 Any additional margin added by Party B in the course of business handling shall be deemed to be an automatic
modification of the relevant margin provisions hereof without the further confirmation by both parties. 
 ☐ Wang Ying, Zeng Qingchun and Shanghai
Ecmoho Health Biotechnology Co., Ltd. act as the guarantors, bearing joint and several guarantee responsibilities and signing the relevant guarantee contracts. 

☐ As the mortgagor/pledgor, Shanghai Tonggou Residence Technology Co., Ltd. provides the mortgage/pledge of the receivables (property) of Beijing
Jingdong Century Information Technology Co., Ltd., Beijing Jingdong Century Trading Co., Ltd. and Zhejiang Tmall Technology Co.,Ltd. which it owns or has the right to dispose according to law, and signs the relevant guarantee contracts and completes
relevant guarantee procedures. 
  

☐                        
                                         
                                         
                                         
                                         
                                         
             
   

 
   

 
 (5) Before the maturity of the draft hereunder, Party
B shall ensure that the bank acceptance draft payable shall be paid in full to the account designated by Party A. 
 (6) Upon maturity of the draft accepted
by Party A hereunder, Party A shall unconditionally pay the full amount of the draft to the payee or holder in due course. 
 (7) Upon maturity of the draft
accepted by Party A hereunder, if Party B fails to pay the full amount of the draft, Party A shall have the right to charge interest penalty with respect to the insufficient amount (i.e., disbursement made by Party A) at the rate of 0.05% per day
from the date of actual disbursement by Party A, which interest penalty shall be calculated and collected according to the actual number of disbursement days (daily interest rate = annual interest rate /360). 

The disbursement accounting certificate issued by Party A is a valid certificate of the debt owed by Party B, and Party B has no objection to it. 

(8) Any dispute between Party B and the draft holder shall be handled by the two parties, provided that Party B’s obligations hereunder shall not change
in any way. 
 (9) Party B warrants that the margin provided by it is its own monetary fund, and the margin must be transferred into a special margin
account specially for the payment of bank notes, and shall not be transferred out of the margin account or used for other purposes 
 Party B undertakes to
provide Party A with the copies of the corresponding VAT invoice/invoice within two months after the draft is issued, and provide the originals for Party A to review. 

(10) For any bank acceptance draft transaction hereunder, Party B shall pay Party A an acceptance fee of 0.0    % of the face value. For
any acceptance transaction not performing this rate, the rate recorded in the acceptance application submitted by Party B and verified by Party A (and other valid legal documents) shall prevail. 

The acceptance fee hereunder shall be paid by Party B in a lump sum when Party A conducts any single acceptance business for Party B. Party B hereby
authorizes Party A to deduct from the bank account designated by Party B in the acceptance application. If Party A withdraws the aforesaid amount from other accounts opened by Party B in Party A’s banking system, Party B shall undertake not to
raise any objections. 
 (11) Special provisions on liability for breach of contract 

In case of any breach under the Contract of Comprehensive Credit Line, Party A shall have the right to take the following measures: 

(1) Drafts not yet accepted shall cease to be accepted; 
 (2) To
require Party B to immediately make up 100% of the balance of all accepted drafts for payment upon maturity; 
 (3) To require Party B to provide new
guarantee measures approved by Party A; 
 (4) To require Party B to immediately pay off the principal, interest and expenses of the acceptance
disbursement; 

  
 9 

 Party A shall have the right to directly deduct from any account opened by Party B to pay off Party B’s
debts hereunder. Where the amount of such deduction is insufficient to pay off all debts of Party B, and the repayment of disbursement is less than 90 days (included) overdue, the principal and interest thereof shall be repaid in the following
order: 1. expenses; 2. interest (including any penalty interest and compound interest); 3. principal. If the repayment of disbursement is more than 90 days overdue, the principal and interest thereof shall be repaid in the following order: 1.
expenses; 2. principal; 3. interest (including any penalty interest and compound interest). 
 (5) To exercise the guarantee right and require the guarantor
to perform the guarantee liabilities or realize the creditor’s right by disposing of the collaterals and/or pledge; 
 (6) If Party A claims the right
of subrogation from Party B’s debtor according to law, or requests the court to revoke Party B’s waiver of its creditor’s rights due to it or transfer the property without compensation or at an obviously unreasonable low price, Party
B shall provide all necessary cooperation and assistance as required by Party A; 
 (7) To take other relief measures as stipulated by laws, regulations and
contracts. 
 Article 6 Tax Related Terms 
 (1)
Composition of contract price 
 All the expenses and prices involved herein have included VAT. 

(2) Assumption of taxes 
 If any additional tax costs of the
transaction are incurred or increased due to changes in Chinese tax laws and regulations, Party A has the right to charge Party B a VAT applicable to the business in addition to the contract price for the VAT taxable business involved hereunder,

 (3) Terms of invoice 
 Party A will not issue the VAT
invoices until it receives the relevant payment from Party B. If Party B requires Party A to issue a VAT invoice, it shall submit the request to Party A
within                month(s) after the payment is made, and Party B shall provide Party A with the following invoice issuing information. Any delay shall be deemed as
an automatic waiver of the invoice issuing request: 
 Company
name:                                        
                                         
                            

Taxpayer’s registration
number:                                        
                                         
                
 Bank
name:                                        
                                         
                                

Account
number:                                        
                                         
                                    

Address:                        
                                         
                                         
               

Phone:                         
                                         
                                         
      
 (4) Handling of invoice specific matters 

Except as otherwise stipulated in the Contract, from the date of implementation of the policy of value-added tax in lieu of business tax, when both parties
have the need to cooperate with each other in the aspects of the issuance, delivery, custody, invalidation and write-off in red ink of the value-added tax invoice, they may, upon consensus, do their utmost to
cooperate with each other to properly resolve the foregoing matters. 
 Article 7 With respect to matters of which any agreement or special agreement
concerning the amount, term, transfer of credit under the comprehensive credit line, breach of contract and liability for breach, dispute resolution and applicable law, statement and undertaking by both parties, the provisions in the Contract of
Comprehensive Credit Line shall prevail. 
 Party A and Party B hereby confirm that, if the appendix attached hereto is inconsistent with the text format
and relevant contents displayed on Party A’s Platform, the latter shall prevail. 
 Article 8 Other matters:
                                         
                                         
                                         
                                         
                                     

                          
                                         
                                         
                                         
                                         
                                         
         . 
 Article 9 This supplementary agreement shall come into force after it is signed by both
parties (signed by the authorized signatory or affixed with seal, together with official seal). 

  
 10 

 Appendixes: 1. Loan Application (Format) 

2. Acceptance Application (Format) 
  

			
	Party A (seal):	 	Party B (seal):
		
	Ping An Bank Co., Ltd., Shanghai Branch Seal specific for contract on credit extension to legal person clients (seal)	 	Shanghai Tong Gou Information Technology Co., Ltd. (seal)
		 	
	  
 Signature of person in charge or entrusted agent:

 
 /s/ Leng Peidong
	 	  
 Signature of legal representative or entrusted agent:

 
 Wang Wei (seal)

	  
 June 15, 2018
	 	  
 June 15, 2018

  
 11 

 Appendix 1: Loan Application (Format) 

(The version submitted by Party B through Party A’s Platform shall be subject to the one actually displayed and recorded on the platform) 

Loan Application 
  

									
	 	 	 	 	 
	
Credit

information
	 	Name of credit customer:	 	 	 	Name of lender:	 	 
	 	Number of Contract of Comprehensive Credit Line:	 	 	 	Type of financing:	 	 
	 	Line of credit:	 	 	 	Exposure limit of credit:	 	 
	 	Commencement date of credit extension:	 	 	 	Closing date of credit extension:	 	 
	 	Available line of credit:	 	 	 	Available exposure limit:	 	 
	 	Used line of credit:	 	 	 	Used exposure limit:	 	 
					
		 		 		 		 	
	 	 	 	 	 
	
Business
	 	Business number:	 	 	 	Loan currency:	 	 
	 	Loan amount:	 	 	 	Loan amount (in words):	 	 
	 	Floating mode of interest rate:	 	 	 	Application date of loan:	 	 
	 	Maturity date of loan:	 	 	 	Length of maturity:	 	 
	 	Interest deduction method:	 	 	 	Loan interest rate:	 	 
	 	Name of the borrower:	 	 	 	Bank account of the borrower:	 	 
	 	Bank name of the borrower:	 	 	 	 	 	 
	 	Amount of self-owned funds:	 	 	 	Minimum proportion of self-owned funds:	 	 
	 	Purpose of loan fund:	 	 	 	Designated bank settlement account:	 	 
	 	Whether to authorize the lending bank to transfer its self-owned funds
together with the loan amount to the payee’s account:
			
		 		 	
	 	 	 	 	 
	
Margin
	 	Usage type of initial margin:	 	 	 	Type of margin:	 	 
	 	Minimum proportion of initial margin:	 	 	 	Amount of initial margin:	 	 
	 	Proportion of actual margin:	 	 	 	 	 	 
	 	Margin account:	 	 	 	Interest accrual method of initial margin:	 	 
	 	Account number for margin deduction:	 	 	 	Balance of account for margin deduction:	 	 

  
 12 

	
	  

Statements and Undertakings

	1. This application is bound by the Contract of Comprehensive Credit Line (see the number below) signed
by the company and the financing managing bank.
	2. If the application is approved/passed, the length of maturity, commencement date of loan, loan
amount, loan interest rate or otherwise involved in the loan under the application shall be subject to the accounting documents related to the final issuance of the loan by the lender. The company authorizes the lender to transfer the loan directly
to the payee account recorded herein through the company’s account (the “Borrower’s Account” recorded herein). The company will print the relevant receipt of loan business through your bank’s system as accounting
voucher.
	3. For the self-owned funds provided by the company under this application (if any), the company
undertakes that as long as “yes” is selected in the option “Whether to authorize the lending bank to transfer its self-owned funds together with the loan amount to the payee’s account”, the lender shall be deemed to have the
right to transfer such self-owned funds from the “bank account of the borrower” recorded herein to the payee account recorded herein. The company ensures that the “bank account of the borrower” is fully available to pay the
amount to be transferred. Any disputes and responsibilities that may result from the insufficient account balance or other reasons not attributable to the lender affecting the payee’s timely and full payment, shall not be borne by the lender
and shall be resolved by the company itself.
	4. The “designated bank settlement account” recorded herein is the payment account determined
by the company for paying stamp duty, handling fee and other possible expenses to the lender. As of the date of this application, the company hereby irrevocably authorizes the lender the right to transfer the stamp duty, service fee and other
possible expenses payable by the company from the designated bank account in full and in one or more installments, and the company undertakes not to raise any objections.
	5. If the application is approved/passed, the company undertakes to be
bound by these “Statements and Undertakings” of the application. Whether this application is approved or not shall be determined by the lender independently. Even if the application is not approved, the company shall not be entitled to
require the lender to explain on the refusal in any form.

  
 13 

 Appendix 2: Acceptance Application (Format) 

(The version submitted by Party B through Party A’s Platform shall be subject to the one displayed and recorded on the platform) 

Acceptance Application 
  

							
	 	 	 	 
	Number of Contract of Comprehensive Credit Line:	 	 	  	Name of the Client:	  	 
	 	 	 	 
	Commencement date of credit extension:	 	 	  	Closing date of credit extension:	  	 
	 	 	 	 
	Credit amount:	 	 	  	Available amount:	  	 
	 	 	 	 
	Exposure amount of credit:	 	 	  	Available exposure amount:	  	 
	 	 	 	 
	Charge-off currency:	 	 	  	Draft amount:	  	 
	 	 	 	 
	Date of issue:	 	 	  	Tenor of draft:	  	 
	 	 	 	 
	Maturity date of draft:	 	 	  	Charge-off serial number:	  	 
	 	 	 	 
	Business type:	 	 	  	Type of margin:	  	 
	 	 	 	 
	Margin account:	 	 	  	Interest accrual of margin:	  	 
	 	 	 	 
	Usage type of margin:	 	 	  	Minimum proportion of initial margin:	  	 
	 	 	 	 
	Amount of margin:	 	 	  	Proportion of actual margin:	  	 
	 	 	 	 
	Deposit term of margin:	 	 	  	Interest spread of margin:	  	 
	 	 	 	 
	Balance of account for margin deduction:	 	 	  	Account number for margin deduction:	  	 
	 	 	 	 
	Account number of the drawer:	 	 	  	Name of the drawer:	  	 
	 	 	 	 
	Bank name of the drawer:	 	 	  	Remarks:	  	 

  

	
	Statements and Undertakings:
	1. This application is bound by the Contract of Comprehensive Credit Line (see the number below) signed
by the company and the financing managing bank.
	2. If the “date of issue”, “maturity date of draft” and other relevant elements in
this application are inconsistent with the relevant information shown/recorded in the commercial draft finally accepted by the financing managing bank, the elements specified in the accepted commercial draft of the financing managing bank shall
prevail.
	3. The “account number of the drawer” recorded herein is the payment account determined by the
company for paying handling fee and other possible expenses to the financing managing bank. As of the date of this application, the company hereby irrevocably authorizes the financing managing bank the right to transfer the service fee and other
possible expenses payable by the company from the bank account in full and in one or more installments, and the company undertakes not to raise any objections.
	4. If the application is approved/passed by the financing managing
bank, the company undertakes to be bound by these “Statements and Undertakings” of the application. Whether this application is approved or not shall be determined by the financing managing bank independently. Even if the application is
not approved, the company shall not be entitled to require the financing managing bank to explain on the refusal in any form. Whether it is approved or not shall be determined by the lender independently. Even if the application is not approved, the
company shall not be entitled to require the lender to explain on the refusal in any form.

  
 14 

 Guarantee Contract of Guarantee under the Debt Ceiling 

 
  

 Guarantee Contract of Guarantee under the Debt Ceiling 

Contract No.: P.Y.(Shanghai) Z.Z. No.A454201806140001(E.B.001) 

Party A (Pledgee): Ping An Bank Co., Ltd. Shanghai Branch 

Address: No.1333, Lujiazui Ring Road, Pudong New Area, Shanghai 

Tel.:021-62078504        
    Fax:                 

Person in charge: Leng Peidong     Title: President 

Party B (Guarantor): Shanghai ECMOHO Health Biotechnology Co., Ltd 

Certificate Type*:                 Certificate
Number*:
                                         
                                         
               
 (* left blank if Party B is an entity) 

Address: 2-3/F, No.1000 Tianyaoqiao Road, Xuhui District, Shanghai 

Tel.: 021-61132270         Fax:
                                         
                    
 Legal Representative**: Wang
Ying             Title**: Chairman and General Manager 
 (**left blank if Party B is
an individual) 
 In order to ensure the fulfillment of the contract between Party A and Shanghai Tonggou Information Technology Co., Ltd. (hereinafter
referred to as the debtor), Party B is willing to provide Party A with the maximum joint and several liability guarantee. Party A and Party B, intending to be legally bound, hereby agree to enter into this Contract upon consensus through
negotiation. 
 Article 1 Guarantee and Guarantee Liability 

1.1 Scope of guarantee. 
 The scope of guarantee of this Contract
is as follows (tick the box before the item applicable “✓”): 
 ✓The principal, interest, compound interest and penalty interest of
all debts and the cost of realizing the creditor’s rights (including contingent debts) to be borne by the debtor under the Comprehensive Credit Line Contract P.Y (Shanghai) Z.Z. No.A454201806140001 (hereinafter referred to as the “main
contract”). The maximum principal amount of the debt (balance) is (equivalent to) RMB (currency) (in words) four million two hundred thousand Yuan only. 

☐ The (equivalent to) (currency)(in words) of the principal (equivalent to) (currency) (in words) of the debts (including contingent debts) to be borne
by the debtor under the Contract P.Y.Z. No. (hereinafter referred to as the “main contract”) and the corresponding interest, compound interest, penalty interest, and the cost of realizing the creditor’s rights. As long as the debt
under the Main Contract is not fully settled, Party A has the right to request Party B to assume the guarantee liability in terms of the debt balance within the purview of the above guarantee. 

☐ The performance of all the credit line contracts and specific credit business contracts (hereinafter referred to as the “main contract”)
between the debtor and Party A from                to                . The date of
execution of the main contract shall be within the aforesaid period, and the performance period of the Main Contract shall not be limited to the aforesaid period. The scope of Party B’s maximum guarantee includes the principal, interest,
compound interest and penalty interest of all debts and the cost of realizing the creditor’s rights (including contingent debts) of the debtor under the main contract. The maximum principal amount (balance) of the debt above is (equivalent to)
(currency) (in words). 
 ☐ The principal (equivalent to) (currency) (in words) of all outstanding debts borne by the debtor
under    Contract P.Y.Z. No. (hereinafter referred to as the “Main Contract”) and the interest, compound interest, penalty interest thereof, and the cost of realizing the creditor’s rights. 

Interest, penalty interest and compound interest are calculated according to the Main Contract and such calculation will end on the date of the settlement
of the debt. The cost of realizing the creditor’s rights include but not limited to announcement fee, service fee, appraisal fee, attorney’s fee, litigation fee, traveling expenses, assessment fee, auction fee, property preservation fee,
enforcement fee, etc. 

 The currency exchange rate other than RMB is converted at the exchange rate quoted by Party A when each
specific business actually occurs. 
 1.2 Guarantee period of this Contract: 

☑ Two years from the effective date of this Contract to the expiration of the debt performance period for each specific credit under the main contract.
The guarantee period for each specific credit shall be calculated separately. In the event of extension of any specific credit, the guarantee period shall be extended to two years after the expiration of the extension period. 

☐ From the date of the issuance of the loan under the main contract to the date of the completion of the mortgage registration of the property with
Party A as the mortgagee and submission of the relevant ownership certificate to Party A. 
 ☐ From the effective date of this Contract until. 

✓ Where the creditor declares earlier maturity of the debt under the main contract, the guarantee period shall be from the effective date of the
main contract until two years after the date of earlier maturity of the debt. If the debt under the main contract is performed in installments, with respect to each installment of debt, the guarantee period shall be from the effective date of the
main contract until two years after the expiry date of the performance period of the last installment of debt under the main contract. 
 Where Party A
transfers its creditor’s rights to a third party in accordance with law during the guarantee period, Party B hereby agrees to continue to assume the guarantee liability within the scope of the original guarantee. 

1.3 Where the debtor transfers the credit line granted by Party A to a third party for use, Party B hereby agrees to assume the guarantee liability for the
portion of the credit transferred in accordance with this Contract. The specific subject and amount of the transfer are: 
 1. (transferee), the amount:
(equivalent to) (currency) (in words); 
 2. (transferee), the amount: (equivalent to) (currency) (in words); 

3. (transferee), the amount: (equivalent to) (currency) (in words); 
  

			
	4.	 	  

	
	 
	
	 

 1.4 Party B shall independently assume the guarantee liability for the purposes of this Contract. Party A has a prior claim
on the guarantee liability against Party B regardless of whether there is any guarantor (including the debtor of the main contract) providing real security or warranty. If Party A waives its security right over the collateral (including the
collateral provided by the debtor) or other guarantors, Party B shall still assume full liability for guarantee as stipulated herein. 
 1.5 This
Contract is irrevocable. 
 1.6 The validity of this Contract is independent of that of the main contract. If the main contract or some terms of the
main contract are invalid, this Contract shall remain valid. 
 Article 2 Performance of Guarantee Liability 

2.1 If the debtor fails to perform the due debts (including earlier maturity, the same below) as agreed in the main contract, Party B guarantees to
unconditionally repay the debts on behalf of Party A upon receipt of the written notice of claim from Party A. Any document issued by Party A to the effect of the debtor’s failure to fulfill the due debts may be taken as a written notice of
claim against Party B. 
 2.2 Party B hereby irrevocably authorizes Party A to directly deduct the principal and interest of the debtor’s due debts
and expenses owed to Party A from any account opened by Party B with all business offices of Ping An Bank. Party A shall notify Party B in writing upon receipt of the deduction notice, and shall have the right to continue to demand repayment of the
insufficiency from Party B. If the proceeds from deduction are insufficient to cover all debts due, the repayment on the debtor is overdue for less than 90 days (including 90 days), the repayment order of principal and interest is:
(1) expenses; (2) interest (including penalty interest, compound interest); (3) principal. If the repayment on the part of the debtor is overdue for more than 90 days, the repayment order of the advance and interest of the advance is:
(1) expenses; (2) principal; (3) interest (including penalty interest, compound interest). 

 Article 3 Undertakings and Covenants of the Guarantor 

3.1 Party B has completed all the authorization and examination and approval required to sign this contract. The signing of this contract is the true intention
of Party B and will not result in the violation of the agreement or commitment it has signed with any third party. Party B did not violate any laws, regulations and rules concerning environmental protection, energy conservation, emission reduction
and pollution reduction in the signing of the Contract, and undertakes to strictly abide by such laws, regulations and rules after signing the Contract. 

3.2 Except for the written notice given to Party A before signing this contract, Party B shall not have any litigations, arbitrations, executions, appeals,
reconsiderations and other procedures or other events or circumstances that may have a material adverse impact on the performance hereof. 
 3.3 If Party B
is a legal person: 
 3.3.1 Party B is a company duly established and existing in the jurisdiction where it is located, with a good reputation, has all the
corporate rights and government licenses and approvals required for engaging in the business it is currently engaged in. 
 3.3.2 Party B shall submit the
financial statements, all bank account numbers and balances of deposits and loans and other relevant information as required by Party A within the time limit given by Party A, and shall guarantee that the documents and information submitted are
true, complete and objective, and free of any false records, misleading representations or material omissions, and the financial statements are prepared in strict accordance with Chinese accounting standards. 

3.4 If Party B is an individual: 
 3.4.1 Party B has truthfully
submitted the information about personal and family income and property and other information as required by Party A, and guarantees the truthfulness, completeness and accuracy of the documents and information submitted. 

3.4.2 Party B guarantees to cooperate with Party A in supervision and inspection of its income and credit standing. During the performance of this Contract,
if Party A believes that the loan guarantee status has deteriorated, Party B shall provide other guarantee measures approved by Party A. 

Article 4 Rights and Obligations of the Guarantor 

4.1 Party B shall have the right to require Party A to assume the obligation of confidentiality for the information provided by Party B, except as otherwise
stipulated by laws and regulations or regulatory authorities or otherwise agreed by the parties or that the information provided by Party B does not constitute confidential information. 

4.2 Party B has carefully read the main contract and acknowledged all the terms and conditions thereof. The individual credit contract or receipt or other
credit business voucher under the main contract is not required to be further confirmed by Party B if not exceeding the limit specified in the main contract. 

Party A and the debtor may modify the main contract without the consent of Party B, and Party B shall continue to assume the joint and several guarantee
liability for the modified main contract. However, in the event of increase in the principal amount of the debt and extension of the term of the loan without Party B’s written consent, Party B shall still assume the guarantee liability in such
amount and period as specified in the original main contract. 
 4.3 Party B accepts and undertakes to cooperate with Party A in the supervision and
inspection of Party B’s operation and guarantee capacity, and allow Party A to enter Party B’s premises to check Party B’s assets, financial status and operation. 

4.4 ☐ In the event of major property right transfer, system change or transfer of creditor’s rights and debts, Party B shall
notify Party A beforehand and shall not proceed with the said matters before obtaining the written consent of Party A. 
 ☐ Under
any of the following circumstances, Party B shall give a 30-day written notice to Party A. If it may have a significant impact on the performance of this Contract as Party A considers, Party B shall not
proceed with it before obtaining the written consent of Party A: 

 (1) Major changes have taken place in management system, equity structure, form of property right
organization and main business, including but not limited to implementing contracting, leasing management, joint operation, shareholding reform, consolidation (merger) and acquisition, joint venture (cooperation), division, establishment of
subsidiaries, custody (takeover), enterprise sale, transfer of property rights, reduction of capital, etc.; 
 (2) Important assets of which value exceeds
10% of net assets are sold, donated, lent, transferred, mortgaged (pledged) or otherwise disposed of; 
 (3) Dividends exceed 30% of the net profit after
tax for the current year or exceed 20% of all undistributed profits; 
 (4) the additional foreign investment after entry into force of the contract exceeds
20% of the net assets; 
 (5) Debt terms with other banks are changed to prepay other long-term obligations; 

(6) Debts owed to Party B’s shareholders are repaid; 
 (7)
Application for credit extension from other banks, provision of guarantee to third parties, or reduction or mitigation of third-party debts, involving the amount of debts exceeding 20% of the net assets. 

4.5 Party B shall notify Party A in writing within seven business days from the date of occurrence or potential occurrence of the following matters. Party
A shall have the right to decide whether to request Party B and the debtor to provide additional guarantee or directly recoverall the loans depending on the specific circumstances of the matters: 

(1) its business and financial situation deteriorates; 
 (2)
being imposed a heavy fine by the competent authority or involved in a major legal dispute; 
 (3) Party B, Party B’s shareholders, Party B’s
legal representative or key management personnel are involved in major cases or their major assets are subject to property preservation and other mandatory measures, as a result of which Party B’s legal representative or key management
personnel are unable to perform their duties properly; 
 (4) Providing guarantee to a third party that has a material adverse effect on its financial
position or ability to perform its obligations hereunder; 
 (5) Discontinuation of business, suspension of business for rectification, dissolution,
closure, bankruptcy, and being revoked of business license; 
 (6) Deterioration of financial condition, e.g. unemployment, employer bankruptcy or
substantial loss of personal property, material adverse changes in personal physical condition, divorce, and other matters that may affect Party B’s ability to perform this Contract. 

(7) Other major events or events of default which suffice to affect Party B’s business activities and Party A’s loan security. 

4.6 Party B shall notify Party A in writing within seven business days after the change of the domicile, mailing address, telephone number, scope of business,
legal representative and other matters of Party B. If Party B fails to perform the above notification obligations, Party A shall be deemed to have delivered the relevant notices and documents (including but not limited to the notices and documents
of both parties during the performance of the contract, relevant materials and documents relating to arbitration or litigation in the course of arbitration or litigation, and relevant materials and documents during the execution of the case)
according to the original address and mailing address. 
 4.7 ☐ Party B undertakes to maintain a reasonable financial ratio during the loan period.

 ☐ The financial indicators meet the following criteria during the loan period: 

 
  
  

 
 Article 5 Breach of Contract

 5.1 Any of the following events may constitute an event of default referred to in these Terms: 

 (1) Party B fails to perform the vicarious liability of repayment in full and on time; 

(2) Party B violates the undertakings and covenants made by it or otherwise fails to perform its obligations hereunder; 

(3) Party B transfers property and surreptitiously recovers funds; 

(4) Party B defaults under other contracts with Party A or other banks; 

(5) Party B’s operating or financial condition has undergone significant adverse changes. 

5.2 In case of any breach of contract, Party A shall have the right to take the following measures: 

(1) Require Party B to immediately perform the vicarious liability of repayment; 

(2) To require Party B to provide new guarantee measures approved by Party A; 

(3) Party A claims the subrogation right with Party B’s debtor in accordance with law, or requests the court to revoke Party B’s waiver of its due
creditor’s rights or transfer of the property without compensation, transfer the property at an unreasonably low price, Party B shall cooperate with and assist Party A as necessary at Party A’s request, with the costs incurred by Party A
therefor borne by Party B. 
 (4) Take other remedies prescribed by laws and regulations. 

Article 6 Miscellaneous 
 ☐ The
Bank-Enterprise Guarantee Business Cooperation Agreement (hereinafter referred to as the Agreement) between the parties is the basic legal document that regulates the rights and obligations of the parties. In case of any inconsistency between this
Contract with the Agreement, the Agreement shall prevail. 
  
  

 
  
  

 
  

 
 Article 7 Supplementary Provisions

 7.1 ☐ Both parties agree to perform compulsory notarization of this contract 

After the Contract has been subject to a notarization with enforcement effect handled by both parties, if Party B does not perform or does not fully perform
the obligations stipulated in the Contract, Party A has the right to apply for an execution certificate from the original notary office, and apply to the competent people’s court (i.e., the people’s court at the domicile of the person
subject to enforcement or the people’s court at the place where the property of the person subject to enforcement is located) by virtue of the original notarial certificate and the execution certificate for enforcement. 

✓ This Contract is not notarized for enforceability. 

7.2 Party B permits and authorizes Ping An Bank to inquire Party B’s personal (corporate) information and credit information from the Financial Credit
Information Basic Database and other legally established credit reference agencies during the application stage and the duration of the debtor’s credit business for the purpose of application and subsequent management of the debtor’s
credit business. Party B permits and authorizes Ping An Bank to submit Party B’s personal (corporate) information and credit information, including but not limited to credit information and information that has a negative impact on the credit
status of the information subject, to the Financial Credit Information Basic Database and other legally established credit reference agencies in accordance with the Regulations on Credit Reporting Industry. 

7.3 Any and all options shall be determined by checking the selected box. 

7.4 Any dispute arising between Party A and Party B from the performance of this Contract shall be settled through negotiation by the parties. Should
negotiation fails, the dispute shall be settled in the manner as set forth in (2) below: 
 (1) Apply to
        /             for arbitration in accordance with the arbitration rules in force of the Commission at the time of application. The arbitral
award is final and binding on both parties. 
 (2) File a lawsuit to the people’s court of the locality where Party A is located. 

 (3) File a lawsuit in the
                 people’s court. 
 7.5 This contract shall be
governed by the laws of the People’s Republic of China. 
 7.6 This Contract shall enter into force upon being signed by the parties hereto (if the
parties are natural persons, this Contract shall be signed by such parties; if the parties are legal persons or other organizations, this Contract shall be signed or sealed by their authorized signatories and affixed with their official seals). 

7.7 This contract is made in quintuplicate, with Party A holding two and Party B’s ✓ debtors ☐ and registration authority holding one
respectively. 
 Party A’s Unit Seal: 
 Signature of
person in charge or entrusted agent: 
 Friday, June 15, 2018 

Ping An Bank Co., Ltd., Shanghai Branch Seal specific for contract on credit extension to legal person clients (seal) 

/s/                         

 

			
	Party B (if Party B is an entity) (Seal):	  	Party B (if Party B is an individual)
		
	Signature of legal representative or entrusted agent:                    	  	or Authorized Agent(Signature):

 Date: June 15, 2018 

Shanghai ECMOHO Health Biotechnology Co., Ltd (seal) 
 Ying
Wang(seal) 

 Guarantee Contract of Guarantee under the Debt Ceiling 

 
  

 Guarantee Contract of Guarantee under the Debt Ceiling 

Contract No.: P.Y.(Shanghai) Z.Z. No.A454201806140001(E.B.003) 

Party A (Pledgee): Ping An Bank Co., Ltd. Shanghai Branch 

Address: No.1333, Lujiazui Ring Road, Pudong New Area, Shanghai 

Tel.:021-62078504            
     Fax:                 

Person in charge: Leng Peidong Title: President 
 Party B
(Guarantor): Zeng Qingchun 
 Certificate Type*: ID Card        Certificate
Number*: **** 
 (* left blank if Party B is an entity) 

Address: **** 
 Tel.:
****        Fax:                              
                                         
          
 Legal
Representative**:                
Title**:                         

(**left blank if Party B is an individual) 
 In order to ensure
the fulfillment of the contract between Party A and Shanghai Tonggou Information Technology Co., Ltd.(hereinafter referred to as the debtor), Party B is willing to provide Party A with the maximum joint and several liability guarantee. Party A and
Party B, intending to be legally bound, hereby agree to enter into this Contract upon consensus through negotiation. 
 Article 1
Guarantee and Guarantee Liability 
 1.1 Scope of guarantee. 

The scope of guarantee of this Contract is as follows (tick the box before the item applicable “✓”): 

✓The principal, interest, compound interest and penalty interest of all debts and the cost of realizing the creditor’s rights (including
contingent debts) to be borne by the debtor under the Comprehensive Credit Line Contract P.Y (Shanghai) Z.Z. No.A454201806140001 (hereinafter referred to as the “main contract”). The maximum principal amount of the debt (balance) is
(equivalent to) RMB (currency) (in words) four million two hundred thousand Yuan only. 
 ☐ The (equivalent to) (currency)(in words) of the principal
(equivalent to) (currency) (in words) of the debts (including contingent debts) to be borne by the debtor under the Contract P.Y.Z. No. (hereinafter referred to as the “main contract”) and the corresponding interest, compound interest,
penalty interest, and the cost of realizing the creditor’s rights. As long as the debt under the Main Contract is not fully settled, Party A has the right to request Party B to assume the guarantee liability in terms of the debt balance within
the purview of the above guarantee. 
 ☐ The performance of all the credit line contracts and specific credit business contracts (hereinafter referred
to as the “main contract”) between the debtor and Party A
from                to                . The date of execution of the main contract shall
be within the aforesaid period, and the performance period of the Main Contract shall not be limited to the aforesaid period. The scope of Party B’s maximum guarantee includes the principal, interest, compound interest and penalty interest of
all debts and the cost of realizing the creditor’s rights (including contingent debts) of the debtor under the main contract. The maximum principal amount (balance) of the debt above is (equivalent to) (currency) (in words). 

☐ The principal (equivalent to) (currency) (in words) of all outstanding debts borne by the debtor under Contract P.Y.Z. No. (hereinafter referred to as
the “Main Contract”) and the interest, compound interest, penalty interest thereof, and the cost of realizing the creditor’s rights. 

Interest, penalty interest and compound interest are calculated according to the Main Contract and such calculation will end on the date of the settlement of
the debt. The cost of realizing the creditor’s rights include but not limited to announcement fee, service fee, appraisal fee, attorney’s fee, litigation fee, traveling expenses, assessment fee, auction fee, property preservation fee,
enforcement fee, etc. 

 The currency exchange rate other than RMB is converted at the exchange rate quoted by Party A when each
specific business actually occurs. 
 1.2 Guarantee period of this Contract: 

☑ Two years from the effective date of this Contract to the expiration of the debt performance period for each specific credit under the main contract.
The guarantee period for each specific credit shall be calculated separately. In the event of extension of any specific credit, the guarantee period shall be extended to two years after the expiration of the extension period. 

☐ From the date of the issuance of the loan under the main contract to the date of the completion of the mortgage registration of the property with
Party A as the mortgagee and submission of the relevant ownership certificate to Party A. 
 ☐ From the effective date of this Contract until. 

✓ Where the creditor declares earlier maturity of the debt under the main contract, the guarantee period shall be from the effective date of the
main contract until two years after the date of earlier maturity of the debt. If the debt under the main contract is performed in installments, with respect to each installment of debt, the guarantee period shall be from the effective date of the
main contract until two years after the expiry date of the performance period of the last installment of debt under the main contract. 
 Where Party A
transfers its creditor’s rights to a third party in accordance with law during the guarantee period, Party B hereby agrees to continue to assume the guarantee liability within the scope of the original guarantee. 

1.3 Where the debtor transfers the credit line granted by Party A to a third party for use, Party B hereby agrees to assume the guarantee liability for the
portion of the credit transferred in accordance with this Contract. The specific subject and amount of the transfer are: 
 1. (transferee), the amount:
(equivalent to) (currency) (in words); 
 2. (transferee), the amount: (equivalent to) (currency) (in words); 

3. (transferee), the amount: (equivalent to) (currency) (in words); 
  

			
	4.                                    
                                         
                                         
                                         
                                         
                                         
             
	
	 
	
	 

 1.4 Party B shall independently assume the guarantee liability for the purposes of this Contract. Party A has a prior claim on
the guarantee liability against Party B regardless of whether there is any guarantor (including the debtor of the main contract) providing real security or warranty. If Party A waives its security right over the collateral (including the collateral
provided by the debtor) or other guarantors, Party B shall still assume full liability for guarantee as stipulated herein. 
 1.5 This Contract is
irrevocable. 
 1.6 The validity of this Contract is independent of that of the main contract. If the main contract or some terms of the main contract are
invalid, this Contract shall remain valid. 
 Article 2 Performance of Guarantee Liability 

2.1 If the debtor fails to perform the due debts (including earlier maturity, the same below) as agreed in the main contract, Party B guarantees to
unconditionally repay the debts on behalf of Party A upon receipt of the written notice of claim from Party A. Any document issued by Party A to the effect of the debtor’s failure to fulfill the due debts may be taken as a written notice of
claim against Party B. 
 2.2 Party B hereby irrevocably authorizes Party A to directly deduct the principal and interest of the debtor’s due debts and
expenses owed to Party A from any account opened by Party B with all business offices of Ping An Bank. Party A shall notify Party B in writing upon receipt of the deduction notice, and shall have the right to continue to demand repayment of the
insufficiency from Party B. If the proceeds from deduction are insufficient to cover all debts due, the repayment on the debtor is overdue for less than 90 days (including 90 days), the repayment order of principal and interest is:
(1) expenses; (2) interest (including penalty interest, compound interest); (3) principal. If the repayment on the part of the debtor is overdue for more than 90 days, the repayment order of the advance and interest of the advance is:
(1) expenses; (2) principal; (3) interest (including penalty interest, compound interest). 

 Article 3 Undertakings and Covenants of the Guarantor 

3.1 Party B has completed all the authorization and examination and approval required to sign this contract. The signing of this contract is the true intention
of Party B and will not result in the violation of the agreement or commitment it has signed with any third party. Party B did not violate any laws, regulations and rules concerning environmental protection, energy conservation, emission reduction
and pollution reduction in the signing of the Contract, and undertakes to strictly abide by such laws, regulations and rules after signing the Contract. 

3.2 Except for the written notice given to Party A before signing this contract, Party B shall not have any litigations, arbitrations, executions, appeals,
reconsiderations and other procedures or other events or circumstances that may have a material adverse impact on the performance hereof. 
 3.3 If Party B
is a legal person: 
 3.3.1 Party B is a company duly established and existing in the jurisdiction where it is located, with a good reputation, has all the
corporate rights and government licenses and approvals required for engaging in the business it is currently engaged in. 
 3.3.2 Party B shall submit the
financial statements, all bank account numbers and balances of deposits and loans and other relevant information as required by Party A within the time limit given by Party A, and shall guarantee that the documents and information submitted are
true, complete and objective, and free of any false records, misleading representations or material omissions, and the financial statements are prepared in strict accordance with Chinese accounting standards. 

3.4 If Party B is an individual: 
 3.4.1 Party B has truthfully
submitted the information about personal and family income and property and other information as required by Party A, and guarantees the truthfulness, completeness and accuracy of the documents and information submitted. 

3.4.2 Party B guarantees to cooperate with Party A in supervision and inspection of its income and credit standing. During the performance of this Contract,
if Party A believes that the loan guarantee status has deteriorated, Party B shall provide other guarantee measures approved by Party A. 

Article 4 Rights and Obligations of the Guarantor 

4.1 Party B shall have the right to require Party A to assume the obligation of confidentiality for the information provided by Party B, except as otherwise
stipulated by laws and regulations or regulatory authorities or otherwise agreed by the parties or that the information provided by Party B does not constitute confidential information. 

4.2 Party B has carefully read the main contract and acknowledged all the terms and conditions thereof. The individual credit contract or receipt or other
credit business voucher under the main contract is not required to be further confirmed by Party B if not exceeding the limit specified in the main contract. 

Party A and the debtor may modify the main contract without the consent of Party B, and Party B shall continue to assume the joint and several guarantee
liability for the modified main contract. However, in the event of increase in the principal amount of the debt and extension of the term of the loan without Party B’s written consent, Party B shall still assume the guarantee liability in such
amount and period as specified in the original main contract. 
 4.3 Party B accepts and undertakes to cooperate with Party A in the supervision and
inspection of Party B’s operation and guarantee capacity, and allow Party A to enter Party B’s premises to check Party B’s assets, financial status and operation. 

4.4 ☐ In the event of major property right transfer, system change or transfer of creditor’s rights and debts, Party B shall notify Party A
beforehand and shall not proceed with the said matters before obtaining the written consent of Party A. 
 ☐ Under any of the following circumstances,
Party B shall give a 30-day written notice to Party A. If it may have a significant impact on the performance of this Contract as Party A considers, Party B shall not proceed with it before obtaining the
written consent of Party A: 

 (1) Major changes have taken place in management system, equity structure, form of property right
organization and main business, including but not limited to implementing contracting, leasing management, joint operation, shareholding reform, consolidation (merger) and acquisition, joint venture (cooperation), division, establishment of
subsidiaries, custody (takeover), enterprise sale, transfer of property rights, reduction of capital, etc.; 
 (2) Important assets of which value exceeds
10% of net assets are sold, donated, lent, transferred, mortgaged (pledged) or otherwise disposed of; 
 (3) Dividends exceed 30% of the net profit after
tax for the current year or exceed 20% of all undistributed profits; 
 (4) the additional foreign investment after entry into force of the contract exceeds
20% of the net assets; 
 (5) Debt terms with other banks are changed to prepay other long-term obligations; 

(6) Debts owed to Party B’s shareholders are repaid; 
 (7)
Application for credit extension from other banks, provision of guarantee to third parties, or reduction or mitigation of third-party debts, involving the amount of debts exceeding 20% of the net assets. 

4.5 Party B shall notify Party A in writing within seven business days from the date of occurrence or potential occurrence of the following matters. Party
A shall have the right to decide whether to request Party B and the debtor to provide additional guarantee or directly withdraw all the loans depending on the specific circumstances of the matters: 

(1) its business and financial situation deteriorates; 
 (2)
being imposed a heavy fine by the competent authority or involved in a major legal dispute; 
 (3) Party B, Party B’s shareholders, Party B’s
legal representative or key management personnel are involved in major cases or their major assets are subject to property preservation and other mandatory measures, as a result of which Party B’s legal representative or key management
personnel are unable to perform their duties properly; 
 (4) Providing guarantee to a third party that has a material adverse effect on its financial
position or ability to perform its obligations hereunder; 
 (5) Discontinuation of business, suspension of business for rectification, dissolution,
closure, bankruptcy, and being revoked of business license; 
 (6) Deterioration of financial condition, e.g. unemployment, employer bankruptcy or
substantial loss of personal property, material adverse changes in personal physical condition, divorce, and other matters that may affect Party B’s ability to perform this Contract. 

(7) Other major events or events of default which suffice to affect Party B’s business activities and Party A’s loan security. 

4.6 Party B shall notify Party A in writing within seven business days after the change of the domicile, mailing address, telephone number, scope of business,
legal representative and other matters of Party B. If Party B fails to perform the above notification obligations, Party A shall be deemed to have delivered the relevant notices and documents (including but not limited to the notices and documents
of both parties during the performance of the contract, relevant materials and documents relating to arbitration or litigation in the course of arbitration or litigation, and relevant materials and documents during the execution of the case)
according to the original address and mailing address. 
 4.7 ☐ Party B undertakes to maintain a reasonable financial ratio during the loan period.

 ☐ The financial indicators meet the following criteria during the loan period: 

 
  
  

 
 Article 5 Breach of Contract

 5.1 Any of the following events may constitute an event of default referred to in these Terms: 

(1) Party B fails to perform the vicarious liability of repayment in full and on time; 

(2) Party B violates the undertakings and covenants made by it or otherwise fails to perform its obligations hereunder; 

 (3) Party B transfers property and surreptitiously withdraws funds; 

(4) Party B defaults under other contracts with Party A or other banks; 

(5) Party B’s operating or financial condition has undergone significant adverse changes. 

5.2 In case of any breach of contract, Party A shall have the right to take the following measures: 

(1) Require Party B to immediately perform the vicarious liability of repayment; 

(2) To require Party B to provide new guarantee measures approved by Party A; 

(3) Party A claims the subrogation right with Party B’s debtor in accordance with law, or requests the court to revoke Party B’s waiver of its due
creditor’s rights or transfer of the property without compensation, transfer the property at an unreasonably low price, Party B shall cooperate with and assist Party A as necessary at Party A’s request, with the costs incurred by Party A
therefor borne by Party B. 
 (4) Take other remedies prescribed by laws and regulations. 

Article 6 Miscellaneous 
 ☐ The
Bank-Enterprise Guarantee Business Cooperation Agreement (hereinafter referred to as the Agreement) between the parties is the basic legal document that regulates the rights and obligations of the parties. In case of any inconsistency between this
Contract with the Agreement, the Agreement shall prevail. 
  
  

 
  
  

 
  

 
 Article 7 Supplementary Provisions

 7.1 ☐ Both parties agree to perform compulsory notarization of this contract 

After the Contract has been subject to a notarization with enforcement effect handled by both parties, if Party B does not perform or does not fully perform
the obligations stipulated in the Contract, Party A has the right to apply for an execution certificate from the original notary office, and apply to the competent people’s court (i.e., the people’s court at the domicile of the person
subject to enforcement or the people’s court at the place where the property of the person subject to enforcement is located) by virtue of the original notarial certificate and the execution certificate for enforcement. 

✓ This Contract is not notarized for enforceability. 

7.2 Party B permits and authorizes Ping An Bank to inquire Party B’s personal (corporate) information and credit information from the Financial Credit
Information Basic Database and other legally established credit reference agencies during the application stage and the duration of the debtor’s credit business for the purpose of application and subsequent management of the debtor’s
credit business. Party B permits and authorizes Ping An Bank to submit Party B’s personal (corporate) information and credit information, including but not limited to credit information and information that has a negative impact on the credit
status of the information subject, to the Financial Credit Information Basic Database and other legally established credit reference agencies in accordance with the Regulations on Credit Reporting Industry. 

7.3 Any and all options shall be determined by checking the selected box. 

7.4 Any dispute arising between Party A and Party B from the performance of this Contract shall be settled through negotiation by the parties. Should
negotiation fails, the dispute shall be settled in the manner as set forth in (2)below: 
 (1) Apply to
    /                 for arbitration in accordance with the arbitration rules in force of the Commission
at the time of application. The arbitral award is final and binding on both parties. 
 (2) File a lawsuit to the people’s court of the locality where
Party A is located. 
 (3) File a lawsuit in the
                 people’s court. 

7.5 This contract shall be governed by the laws of the People’s Republic of China. 

 7.6 This Contract shall enter into force upon being signed by the parties hereto (if the parties are natural
persons, this Contract shall be signed by such parties; if the parties are legal persons or other organizations, this Contract shall be signed or sealed by their authorized signatories and affixed with their official seals). 

7.7 This contract is made in quintuplicate, with Party A holding two and Party B’s ✓ debtors ☐ and registration authority holding one
respectively. 
 Party A’s Unit Seal: 
 Signature of
person in charge or entrusted agent: 
 Friday, June 15,2018 

Ping An Bank Co., Ltd., Shanghai Branch Seal specific for contract on credit extension to legal person clients (seal) 

/s/_________ 
 Party B (if Party B is an entity) (Seal): 

Signature of legal representative or entrusted agent:         

Party B (if Party B is an individual) 
 or Authorized
Agent(Signature): /s/ Zeng Qingchun 
 Date: June 15, 2018 

  
  

Guarantee Contract of Guarantee under the Debt Ceiling 
  

 
  
  

 Guarantee Contract of Guarantee under the Debt Ceiling 

Contract No.: P.Y.(Shanghai) Z.Z. No.A454201806140001(E.B.002) 

Party A (Pledgee): Ping An Bank Co., Ltd. Shanghai Branch 

Address: No.1333, Lujiazui Ring Road, Pudong New Area, Shanghai 

Tel.:021-62078504            
     Fax:                      

Person in charge: Leng Peidong Title: President 
 Party B
(Guarantor): Wang Ying 
 Certificate Type*: ID
Card                Certificate Number*: **** 

(* left blank if Party B is an entity) 
 Address: ****

 Tel.:
****                Fax:                  
                                         
                  
 Legal
Representative**:                
Title**:                     

(**left blank if Party B is an individual) 
 In order to ensure
the fulfillment of the contract between Party A and Shanghai Tonggou Information Technology Co., Ltd.(hereinafter referred to as the debtor), Party B is willing to provide Party A with the maximum joint and several liability guarantee. Party A and
Party B, intending to be legally bound, hereby agree to enter into this Contract upon consensus through negotiation. 
 Article 1
Guarantee and Guarantee Liability 
 1.1 Scope of guarantee. 

The scope of guarantee of this Contract is as follows (tick the box before the item applicable ”✓”): 

✓The principal, interest, compound interest and penalty interest of all debts and the cost of realizing the creditor’s rights (including contingent
debts) to be borne by the debtor under the Comprehensive Credit Line Contract P.Y (Shanghai) Z.Z. No.A454201806140001 (hereinafter referred to as the “main contract”). The maximum principal amount of the debt (balance) is (equivalent to)
RMB (currency) (in words) four million two hundred thousand Yuan only. 
 ☐   The (equivalent to) (currency)(in words) of the principal
(equivalent to) (currency) (in words) of the debts (including contingent debts) to be borne by the debtor under the Contract P.Y.Z. No. (hereinafter referred to as the “main contract”) and the corresponding interest, compound interest,
penalty interest, and the cost of realizing the creditor’s rights. As long as the debt under the Main Contract is not fully settled, Party A has the right to request Party B to assume the guarantee liability in terms of the debt balance within
the purview of the above guarantee. 
 ☐   The performance of all the credit line contracts and specific credit business contracts
(hereinafter referred to as the “main contract”) between the debtor and Party A from        to    . The date of execution of the main contract shall be within the aforesaid
period, and the performance period of the Main Contract shall not be limited to the aforesaid period. The scope of Party B’s maximum guarantee includes the principal, interest, compound interest and penalty interest of all debts and the cost of
realizing the creditor’s rights (including contingent debts) of the debtor under the main contract. The maximum principal amount (balance) of the debt above is (equivalent to) (currency) (in words). 

☐   The principal (equivalent to) (currency) (in words) of all outstanding debts borne by the debtor under    Contract
P.Y.Z. No. (hereinafter referred to as the “Main Contract”) and the interest, compound interest, penalty interest thereof, and the cost of realizing the creditor’s rights. 

Interest, penalty interest and compound interest are calculated according to the Main Contract and such calculation will end on the date of the settlement of
the debt. The cost of realizing the creditor’s rights include but not limited to announcement fee, service fee, appraisal fee, attorney’s fee, litigation fee, traveling expenses, assessment fee, auction fee, property preservation fee,
enforcement fee, etc. 

 The currency exchange rate other than RMB is converted at the exchange rate quoted by Party A when each
specific business actually occurs. 
 1.2 Guarantee period of this Contract: 

☑Two years from the effective date of this Contract to the expiration of the debt performance period for each specific credit under the main contract.
The guarantee period for each specific credit shall be calculated separately. In the event of extension of any specific credit, the guarantee period shall be extended to two years after the expiration of the extension period. 

☐ From the date of the issuance of the loan under the main contract to the date of the completion of the mortgage registration of the property with
Party A as the mortgagee and submission of the relevant ownership certificate to Party A. 
 ☐ From the effective date of this Contract until. 

✓ Where the creditor declares earlier maturity of the debt under the main contract, the guarantee period shall be from the effective date of the
main contract until two years after the date of earlier maturity of the debt. If the debt under the main contract is performed in installments, with respect to each installment of debt, the guarantee period shall be from the effective date of the
main contract until two years after the expiry date of the performance period of the last installment of debt under the main contract. 
 Where Party A
transfers its creditor’s rights to a third party in accordance with law during the guarantee period, Party B hereby agrees to continue to assume the guarantee liability within the scope of the original guarantee. 

1.3 Where the debtor transfers the credit line granted by Party A to a third party for use, Party B hereby agrees to assume the guarantee liability for the
portion of the credit transferred in accordance with this Contract. The specific subject and amount of the transfer are: 
 1. (transferee), the amount:
(equivalent to) (currency) (in words); 
 2. (transferee), the amount: (equivalent to) (currency) (in words); 

3. (transferee), the amount: (equivalent to) (currency) (in words); 
  

			
	4.	 	 
	 
	 

 1.4 Party B shall independently assume the guarantee liability for the purposes of this Contract. Party A has a prior claim on
the guarantee liability against Party B regardless of whether there is any guarantor (including the debtor of the main contract) providing real security or warranty. If Party A waives its security right over the collateral (including the collateral
provided by the debtor) or other guarantors, Party B shall still assume full liability for guarantee as stipulated herein. 
 1.5 This Contract is
irrevocable. 
 1.6 The validity of this Contract is independent of that of the main contract. If the main contract or some terms of the main contract are
invalid, this Contract shall remain valid. 
 Article 2 Performance of Guarantee Liability 

2.1 If the debtor fails to perform the due debts (including earlier maturity, the same below) as agreed in the main contract, Party B guarantees to
unconditionally repay the debts on behalf of Party A upon receipt of the written notice of claim from Party A. Any document issued by Party A to the effect of the debtor’s failure to fulfill the due debts may be taken as a written notice of
claim against Party B. 
 2.2 Party B hereby irrevocably authorizes Party A to directly deduct the principal and interest of the debtor’s due debts and
expenses owed to Party A from any account opened by Party B with all business offices of Ping An Bank. Party A shall notify Party B in writing upon receipt of the deduction notice, and shall have the right to continue to demand repayment of the
insufficiency from Party B. If the proceeds from deduction are insufficient to cover all debts due, the repayment on the debtor is overdue for less than 90 days (including 90 days), the repayment order of principal and interest is:
(1) expenses; (2) interest (including penalty interest, compound interest); (3) principal. If the repayment on the part of the debtor is overdue for more than 90 days, the repayment order of the advance and interest of the advance is:
(1) expenses; (2) principal; (3) interest (including penalty interest, compound interest). 

 Article 3 Undertakings and Covenants of the Guarantor 

3.1 Party B has completed all the authorization and examination and approval required to sign this contract. The signing of this contract is the true intention
of Party B and will not result in the violation of the agreement or commitment it has signed with any third party. Party B did not violate any laws, regulations and rules concerning environmental protection, energy conservation, emission reduction
and pollution reduction in the signing of the Contract, and undertakes to strictly abide by such laws, regulations and rules after signing the Contract. 

3.2 Except for the written notice given to Party A before signing this contract, Party B shall not have any litigations, arbitrations, executions, appeals,
reconsiderations and other procedures or other events or circumstances that may have a material adverse impact on the performance hereof. 
 3.3 If Party B
is a legal person: 
 3.3.1 Party B is a company duly established and existing in the jurisdiction where it is located, with a good reputation, has all the
corporate rights and government licenses and approvals required for engaging in the business it is currently engaged in. 
 3.3.2 Party B shall submit the
financial statements, all bank account numbers and balances of deposits and loans and other relevant information as required by Party A within the time limit given by Party A, and shall guarantee that the documents and information submitted are
true, complete and objective, and free of any false records, misleading representations or material omissions, and the financial statements are prepared in strict accordance with Chinese accounting standards. 

3.4 If Party B is an individual: 
 3.4.1 Party B has truthfully
submitted the information about personal and family income and property and other information as required by Party A, and guarantees the truthfulness, completeness and accuracy of the documents and information submitted. 

3.4.2 Party B guarantees to cooperate with Party A in supervision and inspection of its income and credit standing. During the performance of this Contract,
if Party A believes that the loan guarantee status has deteriorated, Party B shall provide other guarantee measures approved by Party A. 

Article 4 Rights and Obligations of the Guarantor 

4.1 Party B shall have the right to require Party A to assume the obligation of confidentiality for the information provided by Party B, except as otherwise
stipulated by laws and regulations or regulatory authorities or otherwise agreed by the parties or that the information provided by Party B does not constitute confidential information. 

4.2 Party B has carefully read the main contract and acknowledged all the terms and conditions thereof. The individual credit contract or receipt or other
credit business voucher under the main contract is not required to be further confirmed by Party B if not exceeding the limit specified in the main contract. 

Party A and the debtor may modify the main contract without the consent of Party B, and Party B shall continue to assume the joint and several guarantee
liability for the modified main contract. However, in the event of increase in the principal amount of the debt and extension of the term of the loan without Party B’s written consent, Party B shall still assume the guarantee liability in such
amount and period as specified in the original main contract. 
 4.3 Party B accepts and undertakes to cooperate with Party A in the supervision and
inspection of Party B’s operation and guarantee capacity, and allow Party A to enter Party B’s premises to check Party B’s assets, financial status and operation. 

4.4 ☐ In the event of major property right transfer, system change or transfer of creditor’s rights and debts, Party B shall notify Party A
beforehand and shall not proceed with the said matters before obtaining the written consent of Party A. 
 ☐ Under any of the following circumstances,
Party B shall give a 30-day written notice to Party A. If it may have a significant impact on the performance of this Contract as Party A considers, Party B shall not proceed with it before obtaining the
written consent of Party A: 

 (1) Major changes have taken place in management system, equity structure, form of property right
organization and main business, including but not limited to implementing contracting, leasing management, joint operation, shareholding reform, consolidation (merger) and acquisition, joint venture (cooperation), division, establishment of
subsidiaries, custody (takeover), enterprise sale, transfer of property rights, reduction of capital, etc.; 
 (2) Important assets of which value exceeds
10% of net assets are sold, donated, lent, transferred, mortgaged (pledged) or otherwise disposed of; 
 (3) Dividends exceed 30% of the net profit after
tax for the current year or exceed 20% of all undistributed profits; 
 (4) the additional foreign investment after entry into force of the contract exceeds
20% of the net assets; 
 (5) Debt terms with other banks are changed to prepay other long-term obligations; 

(6) Debts owed to Party B’s shareholders are repaid; 
 (7)
Application for credit extension from other banks, provision of guarantee to third parties, or reduction or mitigation of third-party debts, involving the amount of debts exceeding 20% of the net assets. 

4.5 Party B shall notify Party A in writing within seven business days from the date of occurrence or potential occurrence of the following matters. Party
A shall have the right to decide whether to request Party B and the debtor to provide additional guarantee or directly withdraw all the loans depending on the specific circumstances of the matters: 

(1) its business and financial situation deteriorates; 
 (2)
being imposed a heavy fine by the competent authority or involved in a major legal dispute; 
 (3) Party B, Party B’s shareholders, Party B’s
legal representative or key management personnel are involved in major cases or their major assets are subject to property preservation and other mandatory measures, as a result of which Party B’s legal representative or key management
personnel are unable to perform their duties properly; 
 (4) Providing guarantee to a third party that has a material adverse effect on its financial
position or ability to perform its obligations hereunder; 
 (5) Discontinuation of business, suspension of business for rectification, dissolution,
closure, bankruptcy, and being revoked of business license; 
 (6) Deterioration of financial condition, e.g. unemployment, employer bankruptcy or
substantial loss of personal property, material adverse changes in personal physical condition, divorce, and other matters that may affect Party B’s ability to perform this Contract. 

(7) Other major events or events of default which suffice to affect Party B’s business activities and Party A’s loan security. 

4.6 Party B shall notify Party A in writing within seven business days after the change of the domicile, mailing address, telephone number, scope of business,
legal representative and other matters of Party B. If Party B fails to perform the above notification obligations, Party A shall be deemed to have delivered the relevant notices and documents (including but not limited to the notices and documents
of both parties during the performance of the contract, relevant materials and documents relating to arbitration or litigation in the course of arbitration or litigation, and relevant materials and documents during the execution of the case)
according to the original address and mailing address. 
 4.7 ☐ Party B undertakes to maintain a reasonable financial ratio during the loan period.

 ☐ The financial indicators meet the following criteria during the loan period: 

 
  
  

 
 Article 5 Breach of Contract

 5.1 Any of the following events may constitute an event of default referred to in these Terms: 

(1) Party B fails to perform the vicarious liability of repayment in full and on time; 

(2) Party B violates the undertakings and covenants made by it or otherwise fails to perform its obligations hereunder; 

 (3) Party B transfers property and surreptitiously withdraws funds; 

(4) Party B defaults under other contracts with Party A or other banks; 

(5) Party B’s operating or financial condition has undergone significant adverse changes. 

5.2 In case of any breach of contract, Party A shall have the right to take the following measures: 

(1) Require Party B to immediately perform the vicarious liability of repayment; 

(2) To require Party B to provide new guarantee measures approved by Party A; 

(3) Party A claims the subrogation right with Party B’s debtor in accordance with law, or requests the court to revoke Party B’s waiver of its due
creditor’s rights or transfer of the property without compensation, transfer the property at an unreasonably low price, Party B shall cooperate with and assist Party A as necessary at Party A’s request, with the costs incurred by Party A
therefor borne by Party B. 
 (4) Take other remedies prescribed by laws and regulations. 

Article 6 Miscellaneous 
 ☐ The
Bank-Enterprise Guarantee Business Cooperation Agreement (hereinafter referred to as the Agreement) between the parties is the basic legal document that regulates the rights and obligations of the parties. In case of any inconsistency between this
Contract with the Agreement, the Agreement shall prevail. 
  
  

 
  
  

 
  

 
 Article 7 Supplementary Provisions

 7.1 ☐ Both parties agree to perform compulsory notarization of this contract 

After the Contract has been subject to a notarization with enforcement effect handled by both parties, if Party B does not perform or does not fully perform
the obligations stipulated in the Contract, Party A has the right to apply for an execution certificate from the original notary office, and apply to the competent people’s court (i.e., the people’s court at the domicile of the person
subject to enforcement or the people’s court at the place where the property of the person subject to enforcement is located) by virtue of the original notarial certificate and the execution certificate for enforcement. 

✓ This Contract is not notarized for enforceability. 

7.2 Party B permits and authorizes Ping An Bank to inquire Party B’s personal (corporate) information and credit information from the Financial Credit
Information Basic Database and other legally established credit reference agencies during the application stage and the duration of the debtor’s credit business for the purpose of application and subsequent management of the debtor’s
credit business. Party B permits and authorizes Ping An Bank to submit Party B’s personal (corporate) information and credit information, including but not limited to credit information and information that has a negative impact on the credit
status of the information subject, to the Financial Credit Information Basic Database and other legally established credit reference agencies in accordance with the Regulations on Credit Reporting Industry. 

7.3 Any and all options shall be determined by checking the selected box. 

7.4 Any dispute arising between Party A and Party B from the performance of this Contract shall be settled through negotiation by the parties. Should
negotiation fails, the dispute shall be settled in the manner as set forth in (2)below: 
 (1) Apply to
    /                 for arbitration in accordance with the arbitration rules in force of the Commission at the time of application. The arbitral
award is final and binding on both parties. 
 (2) File a lawsuit to the people’s court of the locality where Party A is located. 

(3) File a lawsuit in the                  people’s court. 

7.5 This contract shall be governed by the laws of the People’s Republic of China. 

 7.6 This Contract shall enter into force upon being signed by the parties hereto (if the parties are natural
persons, this Contract shall be signed by such parties; if the parties are legal persons or other organizations, this Contract shall be signed or sealed by their authorized signatories and affixed with their official seals). 

7.7 This contract is made in quintuplicate, with Party A holding two and Party B’s ✓ debtors ☐ and registration authority holding one
respectively. 
 Party A’s Unit Seal: 
 Signature of
person in charge or entrusted agent: 
 Friday, June 15, 2018 

Ping An Bank Co., Ltd., Shanghai Branch Seal specific for contract on credit extension to legal person clients (seal) 

/s/                         
            
 Party B (if Party B is an entity) (Seal): Signature of legal representative or
entrusted agent:         
 Party B (if Party B is an individual) or Authorized Agent(Signature): /s/ Wang
Ying 
 Date: June 15, 2018 

  
  

Maximum Pledge Guarantee Contract 
  

 
  
  

  
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 Maximum Pledge Guarantee Contract 

Contract No.: P.Y.(Shanghai) Z.Z. No.A454201806140001(E.Z.001) 

Party A (Pledgee): Ping An Bank Co., Ltd. Shanghai Branch 

Address: No.1333, Lujiazui Ring Road, Pudong New Area, Shanghai 

Tel.:021-62078504           
 Fax:                     

Person in charge: Leng Peidong Title: President 
 Party B
(Pledgor): Shanghai Tong Gou Information Technology Co., Ltd. 
 Certificate Type*:
                    Certificate
Number*:                                       
              
 (* left blank if Party B is an entity) 

Address: Room 302, 3/F, No.1000 Tianyaoqiao Road, Xuhui District, Shanghai 

Tel.:021-61132270           
 Fax:                                       
                          

Legal representative**: Wang Wei Title**: legal representative (senior executive) 

(**left blank if Party B is an individual) 
 Party B is willing
to establish a pledge of the maximum amount in the property lawfully owned by it to Party A as security for the performance of the contract between Party A and Shanghai Tong Gou Information Technology Co., Ltd. (hereinafter referred to as the
debtor). Party A and Party B, intending to be legally bound hereby, agree to enter into this Contract upon consensus through negotiation. 

Article 1 Pledged Objects and Pledge Liability 

1.1 Scope of pledge. 
 The scope of pledge herein is as
follows(tick the box before the item applicable ✓): 
 ✓☐ The principal, interest, compound interest and penalty, the cost of realizing
the creditor’s rights of all debts(including contingent debts) and the cost of custody and maintenance of the pledged objects to be borne by the debtor under the Comprehensive Credit Line Contract P.Y. (Shanghai) Z.Z. No.A454201806140001
(hereinafter referred to as the “main contract”). The maximum principal amount of the debt (balance) is (equivalent to) RMB (currency) (in words) four million two hundred thousand Yuan only. 

☐ the (equivalent to)(currency) (in words) of the principal (equivalent to)(currency) (in words) of the debts to be borne by the debtor under Contract
P.Y.Z. No. (hereinafter referred to as the “main contract”), and the corresponding interest, compound interest, penalty interest, the cost of realizing the creditor’s rights and the expenses incurred in the custody and maintenance of
the pledged objects. As long as the debts under the main contract have not been fully settled, Party A shall have the right to request Party B to assume the guaranty liability for the debt balance within the said scope. 

☐ The performance of all the credit line contracts and specific credit business contracts (hereinafter referred to as the “main contract”)
between the debtor and Party A from                to                . The date of
execution of the main contract shall be within the aforesaid period, and the performance period of the Main Contract shall not be limited to the aforesaid period. The scope of maximum pledge guarantee on the part of Party B includes the principal,
interest, compound interest and penalty interest of all debts (including contingent debts) of the Debtor and the cost of realizing the creditor’s rights and the cost of custody and maintenance of the pledged objects under the Main Contract. The
maximum balance of the debt principal above is (equivalent to) (currency) (in words). 
 ☐ The principal (equivalent to) (currency) (in words) of all
outstanding debts borne by the debtor under    Contract P.Y.Z. No. (hereinafter referred to as the “Main Contract”) and the interest, compound interest, penalty interest thereof, and the cost of realizing the
creditor’s rights. 

  
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 Interest, penalty interest and compound interest are calculated according to the Main Contract and such
calculation will end on the date of the settlement of the debt. The cost of realizing the creditor’s rights include but not limited to announcement fee, service fee, appraisal fee, attorney’s fee, litigation fee, traveling expenses,
assessment fee, auction fee, property preservation fee, enforcement fee, etc. 
 The currency exchange rate other than RMB is converted at the exchange
rate quoted by Party A when each specific business actually occurs. 
 The details of the pledge are shown in the List of Pledged Objects and the
certificate of title in pledge. The List of Pledged Objects is an integral part of this Contract. 
 It is agreed that Party B shall use the pledged objects
hereunder as security for all the debts under the main contract, and Party B shall assist Party A in the registration of the maximum pledge in accordance with the requirements of the registration authority. 

1.2 Where the debtor transfers the credit line granted by Party A to a third party for use, Party B shall assume the pledge guarantee liability for the
portion of the credit line transferred in accordance with this Contract. The specific subject and amount of the transfer are: 
 1. (transferee), the
amount: (equivalent to) (currency) (in words); 
 2. (transferee), the amount: (equivalent to) (currency) (in words); 

3. (transferee), the amount: (equivalent to) (currency) (in words); 
  

			
	4.	  	 
	
	 
	
	 

 1.3 Party A has a prior claim on the pledge guarantee liability against Party B regardless of whether there is any guarantor
(including the debtor of the main contract) providing real security or suretyship. If Party A waives its security right over the collateral (including the collateral provided by the debtor) or other guarantors, Party B shall still assume full
guarantee liability as stipulated in this Contract. 
 1.4 This Contract is irrevocable. 

1.5 The validity of this Contract is independent of that of the main contract. If the main contract or some terms of the main contract are invalid, this
Contract shall remain valid. 
 1.6 During the term of the contract, the pledged objects and the original certificate of title in pledge shall be kept by
Party A. After the debtor has paid off the principal, interest of all creditor’s rights and expenses under the main contract, the pledge shall lapse automatically, and Party A shall return the pledged objects and the original certificate of
title in pledge to Party B. 
 Article 2 Delivery of Pledged Objects 

2.1 At the request of Party A, Party B shall timely deliver the pledged objects, res accessoria and the certificate of title in pledge to Party A for
possession and custody. The specific pledged objects shall be subject to the list signed and confirmed by the parties (or the warehouse keeper). 
 Where
pledge registration is required by law, Party B shall register the pledge as required by Party A, with the original pledge registration documents kept by Party A. The pledge shall be deregistered in accordance with law after full settlement of the
principal and interest of all debts and expenses under the main contract by the debtor. 
 2.2 Where the pledged object is margin, the pledge shall be
deemed to have been delivered on the date when the margin is transferred to the dedicated account for the cash deposit. Party B authorizes Party A to directly transfer the margin in such amount as stipulated herein from the settlement account opened
by Party B with Party A. In the case of pledge with margin, the pledgor’s increasing the margin or making additional margin and reducing the margin with the consent of the pledgee shall be deemed as the automatic change made by the parties to
the amount of the margin in the margin clause, without otherwise agreed by the parties in writing, and shall not affect the effect of pledge guarantee of margin. 

The margin account is:
                            . 

☐ 1. The Deposits bear no interests. 

  
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 ☐ 2. From the date of transfer or deposit, the interest on the margin shall accrue as per the
following interest rate in the benchmark interest rate of RMB deposits of financial institutions published by the People’s Bank of China on the same day: 

☐ Benchmark interest rate of current deposit 
 ☐
Benchmark interest rate of time deposit of the same grade for the same period corresponding to the deposit term of the margin 
 ☐ 3. The interest on
the cash deposit shall accrue as follows:         . 
 The specific interest accrual and settlement method is subject
to the relevant provisions of the People’s Bank of China on the interest accrual and settlement of deposits. 
 2.3 Where the pledged object is bill,
Party B shall go through formalities of endorsement of bill pledge. 
 Article 3 Insurance 

3.1 Party A shall have the right to require Party B to insure the movable property pledged and name Party A as the first beneficiary of the insurance
benefits. The sum insured shall not exceed the value of the pledged object and the insurance period shall be no shorter than the debt maturity. 

Party B agrees to transfer the right of claim for payment of insurance benefits to Party A, and assist Party A in exercising such right as necessary. The
insurance benefits paid by the insurance company shall be first used to repay the debts under the main contract. 
 3.2 Party B shall pay the premium on
time and fulfill the obligations stipulated in the insurance contract. 
 3.3 Before the principal and interest of the debts and the expenses under the main
contract are paid off, Party B shall renew the insurance as stipulated in Article 3.1; otherwise, Party A shall have the right to insure on behalf of Party B with the premium borne by Party B. 

3.4 The original insurance policy shall be kept by Party A. After the debtor has paid off the principal and interest of all the debts and expenses under the
main contract, Party A shall return the original insurance policy to Party B. 
 Article 4 Party B’s Undertakings and Covenants

 4.1 Party B is a legally incorporated, validly existing company with good reputation in the jurisdiction where it is located and has all corporate
rights and government permission and approval to engage in the business it is engaged in. 
 4.2 Party B has completed all the authorization and examination
and approval required to sign this contract. The signing of this contract is the true intention of Party B and will not result in the violation of the agreement or commitment it has signed with any third party. Party B did not violate any laws,
regulations and rules concerning environmental protection, energy conservation, emission reduction and pollution reduction in the signing of the Contract, and undertakes to strictly abide by such laws, regulations and rules after signing the
Contract. 
 4.3 Except for the written notice given to Party A before signing this contract, Party B shall not have any litigations, arbitrations,
executions, appeals, reconsiderations and other procedures or other events or circumstances that may have a material adverse impact on the performance hereof. 

4.4 The pledged objects are legally owned by Party B and are free of any legal disputes and right restrictions, and have not been pledged to any third party
before the execution of this Contract. 
 Article 5 Rights and Obligations of Party B (Pledgor) 

5.1 Party B has the right to request Party A to assume the obligation of confidentiality for the information provided by Party B, except as otherwise
stipulated by laws and regulations or regulatory authorities or otherwise agreed by the parties or that the information provided by Party B does not constitute confidential information. 

5.2 Party B has carefully read the main contract and acknowledged all the terms and conditions thereof. The individual credit contract or receipt or other
credit business voucher under the main contract is not required to be further confirmed by Party B if not beyond the main contract. 

  
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 Party A and the debtor may modify the main contract without the consent of Party B, and Party B shall
continue to assume the guarantee liability for the modified main contract. However, in the event of increase in the principal amount of the debt and extension of the term of the loan without Party B’s written consent, Party B shall still assume
the guarantee liability in such amount and period as specified in the original main contract. 
 5.3 Party B agrees that Party A may place the pledged
objects in the custody of a third party as it deems necessary. 
 5.4 Where the pledged objects are offered as security for the credit facility with a
term of one year (excluding) or more, Party A shall have the right to request appraisal of the pledged objects by an appraisal institution approved by Party A on an annual basis from the following year of the effective date of this Contract. If the
value of the pledged objects has obviously decreased to such an extent as insufficient to secure the debtor’s performance of the debts of the main contract, Party A shall have the right to require Party B to provide other guarantee measures
acceptable to Party A. 
 5.5 If Party B changes its domicile, mailing address, contact number, business scope, legal representative and other matters,
it shall notify Party A in writing within seven working days after the change. If Party B fails to perform the above notification obligations, Party A shall be deemed to have delivered the relevant notices and documents (including but not limited to
the notices and documents of both parties during the performance of the contract, relevant materials and documents relating to arbitration or litigation in the course of arbitration or litigation, and relevant materials and documents during the
execution of the case) according to the original address and mailing address. 
 5.6 Party B shall bear the insurance premium, custody, maintenance, storage
and transportation expenses relating to the pledged objects hereunder. 
 ☐ 5.7 Where the certificate of deposit in a foreign currency is pledged, if
the loan-to-value ratio(the principal of the debt of the main contract divided by the principal amount of the certificate of deposit) exceeds % as converted as per the
latest daily exchange rate between such foreign currency and RMB, Party A shall have the right to require Party B to provide other guarantee measures recognized by Party A, failing which Party A shall have the right to exercise the right of pledge.
If the loan-to-value ratio exceeds % at any time, Party A shall have the right to directly cash the certificate of deposit to repay the principal and interest of the
debt of the main contract. 
 ☐ 5.8 Where the certificate of time deposit is pledged, the certificate of time deposit shall be confirmed by the
depositor bank thereof, and shall be properly kept by Party A. The information of the certificate of the time deposit is as follows: 
 Account name:
                 ; Opening Institution:
                : 
 Amount:
                 ;Term:
                 ; Interest rate:
                %. 
 Article
6 Realization of Pledge Right 
 6.1 Under any of the following circumstances, Party A shall have the right to exercise the pledge right: 

(1) The debtor fails to repay the debt principal and interest and expenses due (including earlier maturity, the same below)under the main contract in full and
on time; 
 (2) Party B violates any of the undertakings and covenants made by it or otherwise fails to perform any of its obligations hereunder; 

(3) The debtor or Party B declares dissolution, bankruptcy or is cancelled in accordance with law; 

(4) The value of the pledged objects is likely to decrease to such an extent as to endanger the rights of Party A, and the debtor or Party B fails to provide
the guarantee recognized by Party A within the time limit notified by Party A; 
 (5) The debtor commits any other act in violation of the main contract;

 (6) Other circumstances where the pledge right may be exercised as stipulated by laws and regulations. 

6.2 Party A shall be paid in priority from the proceeds from the assessment in monetary terms or auction or realization of the pledged objects in accordance
with law. 
 6.3 In the case of pledge of moveable property, Party A may directly authorize auction or realization in accordance with law. 

  
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 In the case of pledge of rights, Party A may directly cash in, take delivery of goods, sell off or
withhold funds. If the cash date or delivery date of the pledged object is prior to the maturity of the main creditor’s right, Party A may cash or take delivery of the pledged object to pay off the debts in advance or put it in escrow, with the
escrow cost borne by Party B. 
 In the case of pledge of certificate of deposit, if the maturity date of the certificate of deposit or deposit is
prior to the maturity date of the main creditor’s right, Party B agrees to convert it to time deposit and continue to pledge its corresponding certificate of deposit or deposit without title certificate as security for the main creditor’s
right, or cash the certificate of deposit and transfer the proceeds into the dedicated account of margin to provide security for the main creditor’s right by pledge of margin. If the maturity date of the certificate of deposit or deposit is
later than the maturity date(or date of earlier maturity) of the main creditor’s right, Party A may directly cash the certificate of deposit or deposit to repay the creditor’s right of Party A. 

In the case of bill pledge, Party B shall apply for collection to Party A prior to the maturity of the bill, that is, Party B endorses the bill with the
words “entrusted collection” and names Party A as the endorsee. Party B permits and authorizes Party A to transfer the full amount of the bill received to the dedicated account of margin to provide security for the main creditor’s
right by pledge of margin. 
 6.4 Under the circumstances where the pledge right is exercised, Party A and Party B shall determine the manner of
realizing the pledge right through negotiation, failing which Party A shall the right to directly apply to the people’s court for auction and sale of the pledged object. 

Article 7 Liability for Breach of Contract 

7.1 If Party B breaches or fails to fully perform its obligations in this Contract, resulting in failure in establishment of pledge, and Party B fails to
provide the guarantee recognized by Party A within the time limit notified by Party A, Party B shall bear the following liabilities for breach of contract: 

(1) If Party B is the debtor, Party B shall pay 5% of the principal amount of the debt specified in the main contract to Party A as liquidated damages, which
shall not exceed the value of the pledged object specified in this Contract. 
 (2) If Party B is not the debtor, Party B shall be jointly and severally
liable for the outstanding debt principal and interest and expenses unpaid by the debtor under the main contract up to the value of the pledged object specified in this Contract. 

7.2 If Party B breaches or fails to fully perform its obligations herein, resulting in decrease in the value of the pledged object, and Party B fails to
restore it or provide the guarantee recognized by Party A within the time limit notified by Party A, Party B shall bear the following liabilities for breach of contract: 

(1) If Party B is the debtor, Party B shall pay 5% of the principal amount of the debt specified in the main contract to Party A as liquidated damages, which
shall not exceed the value of the pledged object specified in this Contract. 
 (2) If Party B is not the debtor, after Party A has realized the pledge
right in accordance with law, Party B shall bear joint and several liability to Party A subject to the difference between the value of the pledged object at the time of realization of the pledge right and the value of the pledged object specified in
this Contract, up to the amount of the outstanding debt principal and interest and expenses unpaid by the debtor under the main contract. 
 7.3 Where Party
B conceals the common ownership, dispute, seizure, detention or existing mortgage of the pledged property, causing economic losses to Party A, Party B shall pay 5% of the principal amount of the debt specified in the main contract to Party A as
liquidated damages, which shall not exceed the value of the pledged object specified in this Contract. 
 Article VIII Miscellaneous

 The pledge period for accounts receivable is from June 15, 2018 to December 15,
2021.                     

Article IX Supplementary Provisions 
 9.1
☐ Both parties agree to perform compulsory notarization of this contract 

  
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 After the Contract has been subject to a notarization with enforcement effect handled by both parties, if
Party B does not perform or does not fully perform the obligations stipulated in the Contract, Party A has the right to apply for an execution certificate from the original notary office, and apply to the competent people’s court (i.e., the
people’s court at the domicile of the person subject to enforcement or the people’s court at the place where the property of the person subject to enforcement is located) by virtue of the original notarial certificate and the execution
certificate for enforcement. 
 ☐ No enforcement of notarization shall be handled for the Contract 

9.2 Party A has the right to transfer the creditor’s right in whole or in part before the creditor’s right is determined under the main contract.
Where Party A transfers the creditor’s right in whole or in part, Party B agrees that Party A may transfer the pledge right in whole or in part. Where Party A transfers the pledge right in part, Party A shall notify Party B of the specific
share of transfer after determining it through negotiation with the transferee, without obtaining further consent from Party B. Party B is obliged to cooperate with Party A in pledge registration at the request of Party A. 

9.3 Party B permits and authorizes Ping An Bank to inquire Party B’s personal (corporate) information and credit information from the Financial Credit
Information Basic Database and other legally established credit reference agencies during the application stage and the duration of the debtor’s credit business for the purpose of application and subsequent management of the debtor’s
credit business. Party B permits and authorizes Ping An Bank to submit Party B’s personal (corporate) information and credit information, including but not limited to credit information and information that has a negative impact on the credit
status of the information subject, to the Financial Credit Information Basic Database and other legally established credit reference agencies in accordance with the Regulations on Credit Reporting Industry. 

9.4 Any and all options shall be determined by checking the selected box. 

9.5 Any dispute arising between Party A and Party B from the performance of this Contract shall be settled through negotiation by the parties. Should
negotiation fails, the dispute shall be settled in the manner as set forth in (2)below: 
 (1) Apply
to    /                for arbitration in accordance with the arbitration rules in force of the Commission at the time of application. The arbitral
award is final and binding on both parties. 
 (2) File a lawsuit to the people’s court of the locality where Party A is located. 

(3) File a lawsuit in the                people’s court. 

9.6 This contract shall be governed by the laws of the People’s Republic of China. 

9.7 This Contract shall enter into force upon being signed by the parties hereto (if the parties are natural persons, this Contract shall be signed by such
parties; if the parties are legal persons or other organizations, this Contract shall be signed or sealed by their authorized signatories and affixed with their official seals). 

9.8 This Contract is made in five counterparts, with Party A holding two copies, Party B✓ the debtor ☐ and the registration authority each
holding one copy. 
 Party A’s Unit Seal: 
 Signature of
person in charge or entrusted agent: 
 June 15, 2018 

Ping An Bank Co., Ltd., Shanghai Branch Seal specific for contract on credit extension to legal person clients (seal) 

/s/                         
        
 Party B (if Party B is an entity) (Seal):
                        Party B (if Party B is an individual) 

Signature of legal representative or entrusted agent:                 or
Authorized Agent(Signature): 
 June 15, 2018                 

  
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 Shanghai Tong Gou Information Technology Co., Ltd. (seal) 

/s/                        

  
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 List of Pledged Objects 

 

							
	 	 
	
Pledge name
 Quantity, quality

 
	  	Shanghai Tong Gou Information Technology Co., Ltd., all accounts receivable income with Beijing Jingdong Century Information
Technology Co., Ltd., Beijing Jingdong Century Trading Co., Ltd., Zhejiang Tmall Technology Co., Ltd. as the buyer
	 	 
	
Title of the pledged object

Ownership and title certificate number
	  	 
	 	 
	Place of storage of the pledged object	  	 
	 	 		 
	
The share of the pledged object owned

by the pledgor
	  	 	 	Names of other co-owners (in the case of co-ownership)	  	 
	 	 
	Other information of the pledged object	  	 
	 	 
	Remarks	  	 

 The pledgor certifies that the statement above is true, accurate and complete. If the pledge is invalid or insufficient in
value due to false statements or major omissions, with prejudice to the rights of the main creditor, the pledgor is willing to bear joint and several liability for repayment of all debts of the debtor under the main contract. 

  
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