Document:

Exhibit
10.24

 

 

 

	Working
    Capital Loan Contract (Version 3, 2021)
	No.:
    FZGHZ22015D01

 

Working
Capital Loan Contract

 

China
Everbright Bank

 

 

 

     

     

    

 

 

Table
of Contents

 

	 	Chapter
                                            1	General
    Provisions
	 	 	 
	 	Chapter
                                            2	Purpose
    of Loan
	 	 	 
	 	Chapter
                                            3	Currency,
    Amount, Period and Transfer of Loan
	 	 	 
	 	Chapter
                                            4	Interest
    Rate and Interest Calculation Method of Loan
	 	 	 
	 	Chapter
                                            5	Granting,
    Payment and Use of Loan Funds
	 	 	 
	 	Chapter
                                            6	Method
    of Repayment
	 	 	 
	 	Chapter
                                            7	Guarantee
	 	 	 
	 	Chapter
                                            8	Assumption
    and Compensation of Expenses
	 	 	 
	 	Chapter
                                            9	Representations,
    Warranties and Commitments of the Borrower
	 	 	 
	 	Chapter
                                            10	Event
    of Default
	 	 	 
	 	Chapter
                                            11	Miscellaneous
	 	 	 
	 	Chapter
                                            12	Applicable
    Law and Dispute Resolution
	 	 	 
	 	Chapter
                                            13	Effectiveness,
    Change and Cancellation of the Contract
	 	 	 
	 	Chapter
                                            14	Appendix
	 	 	 
	 	Chapter
                                            15	Supplemental
    Provisions
	 	 	 
	 	Appendix
                                            1	Table
    for Assumption of Expenses

 

 

 

     

     

    

 

 

Borrower:
Fuzhou Yukai Trading Co., Ltd.

 

Domicile:
Rooms 909, 910 and 991, Xinya Building, No.121, Dongjie Sub-district, Gulou District, Fuzhou City

 

Postal
Code: 350000

 

Legal
Representative: Zheng Zhenyu

 

Entrusted
Agent:       \      

 

Handling
Person:       \      

 

Telephone:

 

Fax:
      \      

 

Opening
Bank: China Everbright Bank Co., Ltd. Fuzhou Guohuo Road Sub-branch

 

Account
Number:

 

Loan
Bank: China Everbright Bank Co., Ltd. Fuzhou Branch

 

Domicile:
Building 1#, Zonshine Center, No. 153, Wuyi North Road, Shuibu Sub-district, Gulou District, Fuzhou City

 

Postal
Code: 350000

 

Legal
Representative/Person in Charge: Xie Bowu

 

Entrusted
Agent:        \      

 

Handling
Person: Deng Zusen

 

Telephone:

 

Fax:
      \      

 

Chapter
1     General Provisions

 

The
Borrower applies for a loan from the Loan Bank due to the need for business operation. Upon review, the Loan Bank agrees to grant the
loan to the Borrower in accordance with the terms and conditions of this Contract.

 

In
order to clarify the rights and obligations of both parties, according to the relevant laws and regulations of our country and the provisions
of regulatory authorities, through negotiation, both parties have voluntarily reached the following terms for compliance.

 

 

 

    1

     

    

 

 

 

Chapter
2     Purpose of Loan

 

Clause
1     After negotiation between both parties, it is determined that:

 

1.    The
loan under this Contract can only be used by the Borrower for working capital turnover, and the specific purpose is to pay for the
information service project of the smart medical command and dispatch center.

 

2.    The
Borrower may not use the loan funds for investment in fixed assets, equities, bonds and funds, nor for the fields and purposes prohibited
by the state for production and operation.

 

3.    Without
the prior written consent of the Loan Bank, the Borrower may not change the purpose of the loan determined in this Contract.

 

Chapter
3     Currency, Amount, Period and Transfer of Loan

 

Clause
2     The currency and amount of the loan under this Contract are (in words) RMB seven million yuan only.

 

Clause
3     The loan period under this Contract is from August 15, 2022 to May 11,
2023.

 

Clause
4     Under the circumstance that the prerequisites stipulated in Clause 10 of this Contract are fully satisfied,
the Loan Bank shall transfer the loan amount to the account opened by the Borrower with the Loan Bank in the manner stipulated in Paragraph
1 below:

 

1.
Lump-sum transfer. The Loan Bank will transfer all the loan amount to the account opened by the Borrower with the Loan Bank on August 15,
2022.

 

2.
Transfer by installment. The specific transfer amount and date are as follows:

 

The
first transfer:

 

(1)
The transfer amount will be: (in words)         \         \        ;

 

(2)
The transfer date will be:         \        .

 

The
second transfer:

 

(1)
The transfer amount will be: (in words)         \        \         ;

 

(2)
The transfer date will be:         \         .

 

The
third transfer:

 

(1)
The transfer amount will be: (in words)         \        \         ;

 

(2)
The transfer date will be:         \         . 

 

 

 

    2

     

    

 

 

 

3.
Unscheduled transfer by installment:

 

The
transfer will be made at any time according to actual needs, and the specific number of times, amount and time limit shall be subject
to those recorded in the loan receipt/loan voucher at the time of transfer.

 

Other
provisions:         \         .

 

Chapter
4     Interest Rate and Interest Calculation Method of Loan

 

Clause
5     The Borrower shall pay the loan interest to the Loan Bank for the loan granted by the Loan Bank under
this Contract in accordance with the provisions of this Contract. The loan interest rate under this Contract is simple interest (except
for the circumstances listed in Clause 9).

 

1.
     If the loan under this Contract is in RMB, the annual interest rate of the loan will adopt a fixed (fixed/floating)
interest rate.

 

1.1
If a fixed interest rate is adopted, the pricing of the actual execution annual interest rate of the loan will adopt the following method:

 

(1)
Based on the loan market quoted interest rate, plus (plus/minus) 80BPs according to the value of loan market quoted interest
rate, that is, the actual execution annual interest rate of the fixed-rate loan under this Contract is 4.5%.

 

(2)
Loan market quoted interest rate refers to the LPR1Y (LPR1Y/LPR5Y) loan market quoted interest rate published by the National
Interbank Funding Center at 9:30 on July 20, 2022 (which will be postponed in case of holidays): 3.7%.

 

(3)
During the loan period, the actual execution annual interest rate of the loan under this Contract will remain unchanged.

 

1.2
If a floating interest rate is adopted, the pricing of the actual execution annual interest rate of the loan will adopt the following
method:

 

(1)
Based on the loan market quoted interest rate,     \      (plus/minus)     \    
BPs according to the value of loan market quoted interest rate, that is, the actual execution annual interest rate of the floating-rate
loan under this Contract is     \     %.

 

(2)
Loan market quoted interest rate refers to the     \      (LPR1Y/LPR5Y) loan market quoted
interest rate published by the National Interbank Funding Center at 9:30 on     \     
20,     \      (which will be postponed in case of holidays):     \    
%.

 

(3)
Interest rate floating cycle:

 

The
actual execution annual interest rate of the floating-rate loan under this Contract will be floated [ \ ] with the adjustment
of LPR in real time, [ \ ] on a quarterly basis (anchoring the value date in the last month of each quarter), [ \ ] on
a half-yearly basis (anchoring the value date in June and December of each year), [ \ ] every one full month from the
value date of the loan, [ \ ] every three full months from the value date of the loan, [ \ ] every six full months from
the value date of the loan, or [ \ ] every one full year from the value date of the loan, and the actual execution annual interest
rate of the new loan will be calculated based on the corresponding loan market quoted interest rate.

 

 

 

    3

     

    

 

 

 

From
the repricing date, this Contract will be subject to the latest loan market quoted interest rate published by the National Interbank
Funding Center on the repricing date.

 

The
repricing date refers to the date on which the new loan market quoted interest rate is applied to the floating-rate loan under this Contract
according to the interest rate floating cycle. The new loan market quoted interest rate will be determined in accordance with the method
stipulated in Paragraph 1.2 of this Clause, and the interest will be calculated according to the floating interest rate from the date
when the new loan market quoted interest rate begins to be applied (i.e., the repricing date). The Borrower may inquire about the latest
loan market quoted interest rate on the websites of the National Interbank Funding Center and the People’s Bank of China.

 

(4)
The interest rate fluctuation of the floating-rate loan under this Contract shall not be regarded as a modification of this Contract.

 

1.3
After the loan under this Contract is granted, if the loan pricing method or interest calculation method in this Contract needs to be
adjusted due to the change of the national policy on interest rate, for example, the People’s Bank of China announces that it cancels
or no longer updates the corresponding RMB loan market quoted interest rate, or the RMB loan market quoted interest rate is no longer
a reference for loan pricing generally applicable to the market, the pricing method of the loan under this Contract will be implemented
in accordance with the unified opinions of the People’s Bank of China and other competent authorities at that time. The loan bank
will directly change this Contract according to the national policy on interest rate at that time, and notify the Borrower through official
website and outlet announcement, telephone, SMS, e-mail, mobile banking and other channels.

 

If
the Borrower does not accept the Loan Bank’s change of this Contract according to the national policy on interest rate, the Borrower
shall negotiate with the Loan Bank to change this Contract within five (5) banking days after the Loan Bank issues a notice; if
no agreement can be reached within ten (10) banking days after the negotiation begins, the Borrower shall pay off all the principal
and interest of the loan within thirty (30) banking days from the date when no agreement can be reached; if all the principal and interest
of the loan are not paid off, the outstanding part will be implemented in accordance with the latest loan pricing method published by
the People’s Bank of China and other competent authorities.

 

1.4
Other provisions:

 

      \      
.

 

2.
If the loan under this Contract is in foreign currency (non-RMB), the annual interest rate of the loan will adopt a       \      
 (fixed/floating) interest rate.

 

2.1
If a fixed interest rate is adopted, the pricing of the actual execution annual interest rate of the loan will adopt the following method:

 

(1)
Based on the foreign currency loan market interest rate,       \      
 (plus/minus)       \       BPs according to the value of foreign
currency loan market interest rate, that is, the actual execution annual interest rate of the fixed-rate loan under this Contract is
      \       %.

 

 

 

    4

     

    

 

 

 

(2)
Foreign currency loan market interest rate refers to the
       \        (LIBOR/HIBOR/other) quoted interest rate:       \       %.

 

(3)
During the loan period, the actual execution annual interest rate of the loan under this Contract will remain unchanged.

 

2.2
If a floating interest rate is adopted, the pricing of the actual execution annual interest rate of the loan will adopt the
following method:

 

(1)
Based on the foreign currency loan market interest rate,     \      (plus/minus)     \     BPs
according to the value of foreign currency loan market interest rate, that is, the actual execution annual interest rate of the
floating-rate loan under this Contract is     \     %.

 

(2)
Foreign currency loan market interest rate refers to the      \      
(LIBOR/HIBOR/other) quoted interest rate:      \      %.

 

The
actual execution annual interest rate of the floating-rate loan under this Contract will be floated [ \ ] every one full month
from the value date of the loan, [ \ ] every three full months from the value date of the loan, [ \ ] every six full months
from the value date of the loan, or [ \ ] every one full year from the value date of the loan, and the actual execution annual
interest rate of the new loan will be calculated based on the corresponding foreign currency loan market interest rate.

 

From
the repricing date, this Contract will be subject to the latest      \      
(LIBOR/HIBOR/other) quoted interest rate published on the repricing date.

 

The
repricing date refers to the date on which the new foreign currency loan market interest rate is applied to the floating-rate loan under
this Contract according to the interest rate floating cycle. The new foreign currency loan market interest rate will be determined in
accordance with the method stipulated in Paragraph 2.2 of this Clause, and the interest will be calculated according to the floating
interest rate from the date when the new foreign currency loan market interest rate begins to be applied (i.e., the repricing date).
The Borrower may inquire about the latest foreign currency loan market interest rate in the China Everbright Bank.

 

(4)
The interest rate fluctuation of the floating-rate loan under this Contract shall not be regarded as a modification of this
Contract.

 

2.3
After the loan under this Contract is granted, if the loan pricing method or interest calculation method in this Contract needs to
be adjusted due to market changes, for example, the      \      
(LIBOR/HIBOR/other) quoted interest rate is cancelled or no longer published, the pricing method of the loan under this Contract
will be negotiated by the Borrower and the Loan Bank.

 

The
Borrower shall negotiate with the Loan Bank to change the Contract within five (5) banking days after the Loan Bank issues a notice
of interest rate negotiation and adjustment; if there is no negotiation or no agreement can be reached within ten (10) banking days
after the negotiation begins, the Borrower shall pay off all the principal and interest of the loan within thirty (30) banking days from
the date when no agreement can be reached; if all the principal and interest of the loan are not paid off, the Loan Bank will regard
the Borrower as accepting the change contract formulated by the Loan Bank, and the execution date of the contract after the change will
be determined by the Loan Bank.

 

 

 

    5

     

    

 

 

 

2.4
Other provisions: 

 

      \      
.

 

Clause
6     The interest of the loan under this Contract will be settled on a monthly (quarterly/monthly)
basis, and the interest settlement date will be the 20th day.

 

Clause
7     The loan interest under this Contract will be calculated on the basis of 360 days per year, from the
date when the loan is transferred from the Loan Bank, according to the loan amount actually transferred from the account of the Loan
Bank and the number of days occupied.

 

Clause
8     If the Borrower fails to repay the loan in accordance with the provisions of this Contract, the Loan
Bank will have the right to charge interest at the overdue penalty interest rate from the date when the loan is overdue until the Borrower
pays off all the principal and interest of the loan. The overdue penalty interest rate will be subject to an additional rate of 50%
(30% - 50%) based on the loan interest rate stipulated in Clause 5 of this Contract.

 

If
the Borrower fails to use the loan for the purpose stipulated in this Contract, the Loan Bank will have the right to charge interest
at the embezzlement penalty interest rate from the date when the Borrower fails to use the loan for the purpose stipulated in this Contract
until the Borrower pays off all the principal and interest of the loan. The embezzlement penalty interest rate will be subject to an
additional rate of 100% (50% - 100%) based on the loan interest rate stipulated in Clause 5 of this Contract.

 

Clause
9     For the interest that the Borrower fails to pay on time, the Loan Bank will have the right to calculate
and charge compound interest at the penalty interest rate.

 

Chapter
5     Granting, Payment and Use of Loan Funds

 

Clause
10     Unless the following prerequisites for withdrawal are met, the Loan Bank will not be obliged to provide
the Borrower with the loan under this Contract:

 

1.    The
Borrower has provided all the documents required by the Loan Bank (including but not limited to the fund payment plan that needs to be
provided by the Borrower before the loan is granted, or the Notice on the Entrusted Payment of Loan, transaction contract and other transaction
background information related to the loan payment), with no change in the situations stated therein, and such documents remain valid,
or the Borrower has made explanations and clarifications on the changes to the satisfaction of the Loan Bank;

 

2.    The
Borrower has completed the loan receipt/loan voucher related to this withdrawal. The loan receipt/loan voucher shall be an integral part
of this Contract and have the same legal effect as this Contract. If the loan amount, loan period, loan interest rate, actual loan date,
maturity date and other specific loan conditions under this Contract are inconsistent with those recorded in the loan receipt/loan voucher,
those recorded in the loan receipt/loan voucher shall prevail;

 

3.    The
Borrower must, in accordance with the provisions of relevant laws and regulations, complete the government permission, approval, registration
and other legal procedures related to the loan; if required by the Loan Bank, the Borrower shall also complete the notarization procedures
of this Contract;

 

 

    6

     

    

 

 

 

4.    If
the loan under this Contract is guaranteed, the Borrower shall ensure that the guarantee contract and the legal procedures such as notarization,
registration and/or insurance of the collateral are completed according to the requirements of the Loan Bank, and the guarantee and insurance
remain valid if the Loan Bank puts forward specific requirements according to the actual situations;

 

5.    The
Borrower does not have any event of default listed in this Contract;

 

On
the premise of meeting the above withdrawal conditions, the Loan Bank can arrange the transfer of the loan to the following account opened
by the Borrower with the Loan Bank according to the provisions in Clause 4 of this Contract.

 

Opening
Bank: China Everbright Bank Co., Ltd. Fuzhou Guohuo Road Sub-branch

 

Account
Number:

 

Unless
the Loan Bank agrees in writing, the loan origination account shall not be allowed to open the online banking payment business.

 

Clause
11     Payment of Loan Funds

 

		1.	Payment
                                            Method of Loan Funds

 

The
payment method of the loan funds under this Contract will be divided into entrusted payment by the Loan Bank or independent payment by
the Borrower.

 

Entrusted
payment by the Loan Bank means that the Loan Bank pays the loan through the Borrower’s account to the Borrower’s transaction
object that meets the contractual purpose according to the Borrower’s withdrawal application and payment entrustment;

 

Independent
payment of the Borrower means that after the Loan Bank directly grants the loan funds to the Borrower’s account according to the
Borrower’s withdrawal application, the Borrower independently pays to the Borrower’s transaction object that meets the contractual
purpose.

 

		2.	Payment
Conditions of Loan Funds

 

		(1)	Conditions
and Amount Standards for Entrusted Payment by the Loan Bank

 

The
Borrower agrees that the Loan Bank has the right to adopt the entrusted payment method in accordance with the relevant national laws
and regulations and the rules of regulatory authorities for the working capital loan under one of the following circumstances:

 

		1	A
                                            new credit business relationship is established with the Borrower, and the Borrower’s
                                            credit status is average;

 

		2	The
                                            object of payment is clear, and the amount of a single payment is relatively large;

 

		3	There
                                            are other circumstances recognized by the Loan Bank.

 

 

 

    7

     

    

 

 

 

The
Borrower agrees that the standard for the entrusted payment of a single loan fund under this Contract is RMB 10 million, that is, the
entrusted payment by the Loan Bank will be adopted for the payment of a single loan fund with an amount greater than or equal to RMB
10 million. During the validity period of this Contract, the Loan Bank will have the right to lower the starting point of the single
payment amount.

 

If
a single amount exceeds the above starting point of the amount, the method of entrusted payment by the Loan Bank must be adopted. For
the payment of loan funds by means of entrusted payment, the Borrower shall use the Notice on Entrusted Payment of Loan in the format
required by the Loan Bank as the only voucher for payment, otherwise the Borrower shall independently bear the consequences of delayed
payment, refusal of payment, dishonor, recourse and compensation, etc.

 

(2)    For
other circumstances other than the conditions of entrusted payment in Item (1) above, the method of independent payment by the Borrower
will be adopted.

 

If
the method of independent payment by the Borrower is adopted, the Borrower shall submit a loan fund payment plan as required by the Loan
Bank, and the Loan Bank shall grant the loan funds to the above loan origination account in accordance with the requirements of the payment
plan after examination and approval. The Borrower shall pay the loan funds in accordance with the submitted loan fund payment plan. The
Borrower shall summarize and report the payment of loan funds to the Loan Bank on a quarterly (monthly/quarterly) basis.

 

Clause
12 Change of Payment Method and Conditions for Triggering the Change

 

In
the process of loan payment, if the Borrower has one of the following circumstances, the Loan Bank will have the right to negotiate with
the Borrower to supplement the loan granting and payment conditions, or change the payment method of loan funds:

 

1.    The
credit status of the Borrower declines;

 

2.    The
profitability of main business is not strong;

 

3.    The
use of loan funds is abnormal;

 

4.    There
are other circumstances that the Loan Bank deems appropriate.

 

Clause
13 Restrictions and Prohibitions on the Payment of Loan Funds

 

After
the signing date of this Contract, in case of any of the following circumstances, the Loan Bank may restrict or even stop the granting
and payment of relevant loan funds:

 

1.    The
circumstances described in Clause 12 occur;

 

2.    The
Loan Bank finds that the Borrower fails to pay or use the loan funds according to the purpose of the loan and has other acts in violation
of the provisions of this Contract;

 

3.    The
Borrower violates the provisions of this Contract and breaks up the whole into parts to avoid the provisions on entrusted payment by
the Loan Bank;

 

 

 

    8

     

    

 

 

 

 

4.            The
Borrower violates other provisions of this Contract;

  

5.            There
are other circumstances that the Loan Bank deems appropriate.

 

Clause
14     The Borrower shall provide the records and information on
the use of loan funds in a timely manner:

 

The Borrower undertakes to
provide the records and information on the use of loan funds in a timely manner in accordance with the requirements of the Loan Bank,
including but not limited to:

 

1.            Transaction
data (including but not limited to written or electronic documents such as contracts and/or invoices for goods, labor services and funds
that can prove the specific purpose of loan funds);

 

2.            Transfer
vouchers, payment and settlement vouchers;

 

3.            Other
information required by the Loan Bank.

 

Chapter 6     Method
of Repayment

 

Clause
15     The Borrower shall pay the interest in accordance with the
provisions of this Contract, and repay the loan principal as agreed in the following Paragraph 1 of this Clause.

 

1.            Lump-sum
principal repayment. The Borrower shall repay all the loan principal on May 11, 2023;

 

2.            Principal
repayment by installment. The specific amount and date of principal repayment are as follows:

 

The first principal repayment:

 

(1)            The
principal repayment amount will be: (in words)                  \                                   ;

 

(2)            The
principal repayment date will be:          \                             .

 

The second principal repayment:

 

(1)            The
principal repayment amount will be: (in words)                \                             ;

 

(2)            The
principal repayment date will be:        \                             .

 

The third principal repayment:

 

(1)            The
principal repayment amount will be: (in words)                 \                             ;

 

(2)            The
principal repayment date will be:            \                             .

 

Other provisions:         \                 .

  

If the repayment date is a
non-banking day of the Loan Bank, the repayment will be postponed to the first subsequent banking day of the Loan Bank, and the non-banking
day of the Loan Bank will be included in the actual number of days occupied by the loan. When the Borrower repays the principal of the
last installment of the loan, the interest shall be paid off with the principal.

 

 

 

    9

     

    

 

 

 

Clause
16     The Borrower shall prepare the interest, principal or other
funds payable in the current period in the account opened with the Loan Bank before the interest settlement date or principal repayment
date stipulated in this Contract and recorded in the loan receipt/loan voucher, and repay the loan in the following ways: [1] (1.
Authorize the Loan Bank to actively transfer from the Borrower’s account on the agreed interest settlement date or principal repayment
date; 2. Repay by itself).

 

Clause
17     The Borrower shall repay the loan under this Contract to
the Loan Bank in full and on time. If the Borrower fails to repay the principal and interest on time, the Loan Bank will have the
right to deduct the Borrower’s payable fee, loan interest and compound interest, and loan principal from any account opened by
the Borrower with the Loan Bank or all branches within the system of China Everbright Bank. For the loans whose principal or
interest is overdue and has not been recovered for 90 days, the order of deduction and repayment shall be implemented in accordance
with the relevant provisions of the Ministry of Finance.

 

If an amount repaid by the
Borrower on a principal and interest repayment date is insufficient to repay the amount due and payable in the current period, the amount
shall be used first to pay the fee payable by the Borrower, then to pay the loan interest and compound interest, and finally to repay
the loan principal. For the loans whose principal or interest is overdue and has not been recovered for 90 days, the order of deduction
and repayment shall be implemented in accordance with the relevant provisions of the Ministry of Finance.

 

Clause
18    If the Borrower intends to repay the loan in advance, it
shall submit a written application to the Loan Bank 30 banking days of the Loan Bank in advance, and obtain the written consent of the
Loan Bank.

 

When the loan is repaid in
advance, the standard for calculating and charging interest will be [1]:

 

1.            Calculated
according to the interest rate stipulated in this Contract until the date of early repayment.

 

2.            Others:
       \       .

 

Clause
19     If the Borrower fails to repay the loan under this Loan Contract
on time and needs to extend the repayment period, it shall formally submit a written application for loan extension to the Loan Bank
[30] banking days of the Loan Bank before the maturity date of the loan. Upon review and approval of the Loan Bank, both parties
shall separately sign the Loan Extension Contract as a supplemental contract to this Contract.

 

 

 

    10

     

    

 

 

 

Chapter 7     Guarantee

 

Clause
20     The guarantee method of the loan under this Contract is:
1, 3.

 

  

1.        Zheng
Zhenyu and Zhang Binhua (the Guarantor) provide joint and several liability guarantee; the guarantee contract number is FZGHZ22015B.

 

2.        The
        \           (the Mortgagor) provides
mortgage guarantee with        \         (collateral); the
mortgage contract number is         \        .

 

3.        Fuzhou
Yukai Trading Co., Ltd. (the Pledgor) provides pledge guarantee with the accounts receivable (pledge/pledge right); the
pledge contract number is FZGHZ22015ZY.

 

4.        Other
guarantee methods:        \        .

 

Clause
21     The Loan Bank and the Guarantor shall sign a corresponding
guarantee contract for the specific guarantee matters, and handle the procedures for the notarization of the guarantee contract, and/or
the insurance and registration of the collateral, etc.

 

Clause
22     If the loan contract is extended, the Borrower and the Guarantor
shall ensure that they will continue to assume the guarantee liability during the loan extension period, and the guarantee contract will
remain valid during the loan extension period.

 

Chapter 8     Assumption
and Compensation of Expenses

 

Clause
23    The Borrower, as the principal, shall bear the expenses required
for signing and executing this Contract and the corresponding guarantee contract in accordance with the principle of “who entrusts,
who pays”, except for the related costs of due diligence investigation, etc. that the Loan Bank shall bear according to law.
See Appendix 1 for the details on the specific subjects and methods of assumption of expenses.

 

Clause
24     Upon the request of the Loan Bank, the Borrower shall immediately
pay and compensate the Loan Bank in full for all expenses and expenditures incurred in exercising any of its rights under this Contract,
including but not limited to litigation costs, arbitration costs, attorney fees, travel expenses and other expenses for realizing the
creditor’s rights.

 

Chapter 9     Representations,
Warranties and Commitments of the Borrower

 

Clause
25     The Borrower is a legal entity/other organization established
and validly existing in accordance with the laws of the People’s Republic of China, with independent capacity for civil conduct,
and has full power, authorization and right to bear civil liabilities and engage in business activities with all its assets.

 

Clause
26     The Borrower has full power, authorization and right to sign
this Contract and carry out the transactions under this Contract, and has taken or obtained all necessary corporate actions and other
actions and consents to authorize the signing and performance of this Contract. This Contract is effectively signed by the legal representative
or entrusted agent of the Borrower and affixed with the official seal of the Borrower.

 

 

 

    11

     

    

 

 

 

Clause
27     The Borrower has obtained all government approvals and third-party
consents required for the signing of this Contract, and the signing and performance of this Contract by the Borrower does not violate
the Borrower’s corporate constitution documents/approval documents (if any) and any other contracts or agreements to which it is
a party.

 

Clause
28     All documents, materials and vouchers provided by the Borrower
to the Loan Bank for the purpose of signing and carrying out transactions under this Contract are true, complete/accurate and valid, without
intentional concealment or major omission. The financial statements submitted by the Borrower truly reflect the financial status of the
Borrower at the time of issuance of the financial statements.

 

Clause
29     This Contract is legal and valid, and constitutes a legally
binding obligation to the Borrower.

 

Clause
30     The Borrower shall open an account with the Loan Bank according
to the requirements of the Loan Bank, and the funds under this Loan Contract shall be settled and used through this account.

 

Clause
31     The Borrower has completed or will complete all registration,
filing or notarization procedures required to ensure the legality, validity or enforceability of this Contract.

 

Clause
32     The Borrower has not been involved in any litigation, arbitration
or administrative proceedings that have a substantial adverse impact on its ability to perform its obligations under this Contract.

 

Clause
33     The representations, warranties and commitments of the Borrower
shall remain correct until the principal and interest of the loan under this Contract are fully paid off, and the Borrower shall provide
relevant documents as required by the Loan Bank at any time.

 

Clause
34     No event of default has occurred or exists with respect to
the Borrower.

 

Clause
35     The Borrower has carefully read and fully understood and
accepted the contents of this Contract. The Borrower’s signing and performance of this Contract is voluntary, and all its intentions
under this Contract are true.

 

Clause
36    The Borrower shall provide true, complete and valid materials
in accordance with the requirements of the Loan Bank. If the Borrower belongs to the group customer determined by the Loan Bank in accordance
with the Guidelines for Risk Management of Credit Business for Group Customers of Commercial Banks, it shall report the related
party transactions of more than 10% of net assets to the Loan Bank in a timely manner in accordance with the provisions of Clause 17 of
the Guidelines, including the relationship between the parties to the transaction, the transaction items and the nature of the transaction,
the amount of the transaction or the corresponding proportion, and the pricing policy (including the transactions with no amount or a
nominal amount only).

 

Clause
37      The Borrower undertakes to cooperate with the Loan
Bank in loan payment management, post-loan management and related inspection.

 

Clause
38     The Borrower shall consciously accept and actively
cooperate with the investigation, understanding and supervision of the Loan Bank on its production, operation and financial
condition, and is obliged to provide the Loan Bank with the latest month’s Balance Sheet, Profit and Loss Statement and
other financial statements or other information reflecting the Borrower’s credit status on a monthly basis.

 

 

 

    12

     

    

 

 

 

Clause
39     During the validity period of this Contract, the Borrower
shall notify the Loan Bank in writing thirty (30) working days in advance if there is any change in the name, legal representative or
legal address of the Borrower.

 

Clause
40     Before paying off all its debts under this Contract, if carrying
out the major events such as external investment, substantial increase of debt financing, merger, division, capital reduction, equity
transfer, asset transfer, application for suspension of business and rectification, application for dissolution and application for bankruptcy,
as well as other actions that may cause changes in the creditor’s rights and liabilities of this Contract or may affect the rights
and interests of the Loan Bank, the Borrower shall notify the Loan Bank in writing 30 working days of the Loan Bank in advance, and with
the written consent of the Loan Bank, implement the liability for debt repayment or early repayment at the same time; otherwise, the above
actions shall not be carried out.

 

Clause
41     The Borrower guarantees that during the validity period of
this Contract, without the written consent of the Loan Bank, it will not assume debts for other corporate legal persons, other organizations
or individuals that are sufficient to affect the Borrower’s ability to repay the loan under this Contract, or provide guarantees
that are sufficient to affect the Borrower’s ability to repay the loan under this Contract, or set mortgages or pledges that are
sufficient to affect the Borrower’s ability to repay the loan under this Contract with the Borrower’s assets, rights and interests.

 

Clause
42     The Borrower undertakes not to involve new implicit debts
of local governments in violation of regulations. Once the Loan Bank finds that the Borrower is involved in the new implicit debt of local
government in violation of regulations, it will suspend the provision of financing, and for the financing contract having been signed
by the Borrower, the Loan Bank will suspend the withdrawal of the Borrower.

 

Clause
43     The Borrower shall immediately notify the Loan Bank in writing
of any other major adverse event other than those mentioned in the preceding paragraph that poses a danger to its normal operation or
has a significant adverse impact on its performance of repayment obligations under this Contract and affect its solvency.

 

Clause
44     The Borrower understands and agrees that the loan under
this Contract shall be granted at any time at the sole discretion of the Loan Bank; the loan shall be subject to regular or irregular
review by the Loan Bank on the date at its sole discretion to determine whether to continue to grant the Borrower any form of loan. The
Loan Bank has the right to terminate or suspend all or part of the loan at any time, and cancel any further use of the loan by the Borrower
without prior notice to the Borrower. As long as the loan has not been granted, the Loan Bank has the right to reject the Borrower’s
application for withdrawal and cancel all or part of the loan under this Contract at any time.

 

Clause
45     The Loan Bank shall have the right to require the Borrower
to open the following account with the Loan Bank as a special fund withdrawal account. The Borrower shall open an account and sign an
account management agreement in accordance with the requirements of the Loan Bank, provide the Loan Bank with the fund inflow and outflow
of the account in a timely manner, and accept the management of the withdrawal fund by the Loan Bank. The Loan Bank shall have the right
to withdraw the loan in advance according to the withdrawal of the Borrower’s funds. The specific account information is as follows:

  

 

 

    13

     

    

 

 

 

Opening Bank: China Everbright
Bank Co., Ltd. Fuzhou Guohuo Road Sub-branch

 

Account Number:

 

Unless agreed by the Loan Bank,
the fund withdrawal account shall not be allowed to open the online banking payment business.

 

Chapter 10     Event
of Default

 

Clause
46     Any of the following events will constitute an event of default
under this Contract:

 

1.        The
Borrower fails to pay the interest or repay the principal on time as agreed in this Contract;

 

2.        The
Borrower fails to use the loan for the purpose as agreed in this Contract;

 

3.        Failing
to pay the loan funds in the agreed manner;

 

4.        Failing
to comply with the commitments;

 

5.         Breaking
through the agreed financial indicators (subject to the requirements of the Loan Bank’s credit approval);

 

6.         A
cross-default event occurs;

 

7.        The
Borrower provides the Loan Bank with the Balance Sheet, Profit and Loss Statement or other financial statement that is false or conceals
important facts, or refuses to accept the Loan Bank’s supervision and inspection on its use of loans and related production, operation
and financial activities;

 

8.        The
representations, warranties and commitments made by the Borrower or the Guarantor under this Contract or the representations, warranties
and commitments made by the Guarantor under the relevant guarantee contract are proved to be untrue or misleading;

 

9.        The
Borrower or the Guarantor is in default under any other contract to which it is a party;

 

10.      The
operation and financial conditions of the Borrower or the Guarantor are seriously deteriorated;

 

11.      The
collateral, pledge/pledge right related to the loan under this Contract is depreciated, damaged or lost;

 

12.      The
Borrower or the Guarantor fails to make a repayment arrangement or debt restructuring plan satisfactory to the Loan Bank when the Borrower
or the Guarantor is merged, divided or transformed into a joint-stock company;

 

13.      The
Borrower or the Guarantor is bankrupt, dissolved, closed, revoked, suspended or cancelled;

 

14.      The
Borrower fails to notify the Loan Bank of the following circumstances in a timely manner:

 

 

 

    14

     

    

 

 

 

(1)       Any
major modification to its articles of association and any substantial change in its business activities;

 

(2)        Any
major modification to its accounting principles;

 

(3)       Any
significant change in the financial, economic and other aspects of it or its subsidiaries or its parent companies.

 

15.       The
Borrower is involved in any litigation, arbitration or administrative proceedings that will have a serious adverse effect on the Borrower’s
financial conditions or the Borrower’s ability to perform its obligations in accordance with this Contract;

 

16.       The
property of the Borrower is sealed up, frozen, detained or supervised according to law, which has affected or may affect the Borrower’s
performance of obligations under this Contract;

 

17.       The
Borrower, as a group customer determined by the Loan Bank in accordance with the Guidelines for Risk Management of Credit Business
for Group Customers of Commercial Banks, takes advantage of the false contracts with related parties to discount or pledge the notes
receivable, accounts receivable and other creditor’s rights without real trade background in the bank to obtain bank funds or credit;
or intentionally evades the bank’s creditor’s rights through related-party transactions.

 

18.       The
Borrower breaches any other provision of this Contract and fails to remedy to the satisfaction of the Loan Bank;

 

19.      The
occurrence of any other event or circumstance that materially and adversely affects the rights of the Loan Bank under this Contract.

 

Clause
47     The Loan Bank shall make a judgment and notify the borrower
whether the above events of default occur. After the occurrence of any of the above events of default, the Loan Bank shall have the right
to take any one or more of the following measures:

 

1.        Stop
the transfer of the loan under this Contract;

 

2.        Declare
all granted loans immediately due, and require the Borrower to immediately repay all granted loan principal, interest, or other expenses
for realizing the creditor’s rights;

 

3.        Require
the Borrower to add or replace the Guarantor, collateral, pledge/pledge right;

 

4.         Deduct
any amount payable but unpaid by the Borrower under this Contract from any account opened by the Borrower with the Loan Bank or any branch
within the system of China Everbright Bank;

 

5.         Declare
the enforcement or realization of the rights under any guarantee in respect of the Loan;

 

6.         Other
methods deemed appropriate by the Loan Bank.

 

 

 

    15

     

    

 

 

 

Chapter 11     Miscellaneous

  

Clause
48     During the validity period of this Contract, the Loan Bank shall
have the right to check the use of the loan, and the Borrower shall provide the Loan Bank with explanations and materials as required
by the Loan Bank.

 

Clause
49     Both parties to the contract shall keep confidential the
materials and information of the other party on its debts, finance, production and operation obtained for the purpose of signing and performing
the contract, except for the inquiry of the Borrower’s relevant information according to law.

 

Clause
50     Without the prior written consent of the Loan Bank, the Borrower
shall not transfer or otherwise dispose of all or part of its obligations under this Contract.

 

Clause
51     Without the prior consent of the Borrower, the Loan Bank may
transfer the creditor’s rights under this Contract to any third party, and only needs to notify the Borrower in writing after the
transfer.

 

Clause
52     All amounts payable by the Borrower under this Contract shall
be paid in full without any offset, deduction or withholding of any nature, and shall not be offset against any debt owed by the Loan
Bank to the Borrower. If the Borrower is required by any law to deduct or withhold any amount paid to the Loan Bank, the Borrower
shall pay an additional amount to the Loan Bank to ensure that the amount received by the Loan Bank is equal to the amount that would
have been received without such deduction or withholding.

 

Clause
53     Any grace, preference or delay granted by the Loan Bank to
the Borrower shall not affect, damage or restrict all rights enjoyed by the Loan Bank in accordance with this Contract, laws and regulations,
and shall not be deemed as the Loan Bank’s waiver of rights and interests under this Contract, nor shall it affect any responsibilities
and obligations assumed by the Borrower under this Contract.

 

Clause
54     If at any time any provision of this Contract is or becomes
illegal, invalid or unenforceable in any respect, the legality, validity or enforceability of the remaining provisions of this Contract
shall not in any way be affected or impaired thereby.

 

Clause
55     Any modifications and supplements to this Contract shall
be made in writing, and shall be effectively signed by both parties to this Contract.

 

Clause
56     The sub-headings in this Contract are inserted for convenience
only, and shall not be used as the interpretation of this Contract or for any other purpose. The handwritten contents at the place of
the selection and filling in the Contract shall have the same legal effect as the printed contents of this Contract.

 

Clause
57     The notices and requests that the parties to this Contract send
to each other in relation to this Contract shall be made in writing, and sent to the addresses or faxes of the parties concerned listed
on the first page of this Contract. If either party changes its address or fax, it shall promptly notify the other party in writing.

 

Clause
58     The documents exchanged between the parties shall be deemed
to have been served upon delivery if delivered by hand, three days after posting if sent by registered mail, or at the time of sending
if sent by fax.

 

Clause
59     If the Borrower has any comments and suggestions on the products
and services of the Loan Bank, it can call the customer service/complaint telephone number: 95595 for feedback.

 

 

 

    16

     

    

 

 

  

Chapter 12     Applicable
Law and Dispute Resolution

 

Clause
60     This Contract and any matters involved in this Contract shall
be governed by and interpreted in accordance with the laws of China. Any dispute arising from the performance of this Contract shall first
be resolved by both parties through negotiation; if the negotiation fails, it shall be submitted to the people’s court with jurisdiction
at the place where the loan bank is located for resolution by litigation.

 

Clause
61     The Borrower undertakes that in case of any dispute between
both parties arising out of this Contract/this Agreement, it agrees to select the address listed in the following delivery method [1]
as the address for judicial service; in case of any change in the following address, it shall notify the Bank in writing, and if it fails
to notify the Bank in writing, it shall be deemed that the address for judicial service has not been changed.

 

[1] Address of written service:
Rooms 909, 910 and 991, Xinya Building, No. 121, Dongjie Sub-district, Gulou District, Fuzhou City

 

[2] Address of electronic service
(optional):         \       

 

Fax number:       \        

 

E-mail:         \        

 

WeChat number:        \       

 

Chapter 13     Effectiveness,
Change and Cancellation of the Contract

 

Clause
62     This Contract shall come into effect upon the signature or
seal of the legal representatives or entrusted agents of both parties and the affixing of official seals or special seals for contract.

 

Clause
63     After this Contract comes into effect, unless otherwise stipulated
by laws and regulations and otherwise agreed in this Contract, neither party shall change or cancel this Contract in advance without authorization.
If it is necessary to change or cancel this Contract, both parties shall reach a written agreement through negotiation. The terms of this
Contract shall remain in effect until a written agreement is reached.

 

Chapter 14     Appendix

 

Clause
64     For the matters not covered in this Contract, both parties
may reach a separate written agreement as an appendix to this Contract. The appendix to this Contract shall be an integral part of this
Contract, and have the same legal effect as the text of this Contract.

 

Clause
65     The appendices to this Contract include:

 

1.         Table
for Assumption of Expenses;

 

2.        \        .

 

 

 

    17

     

    

 

 

   

Chapter 15     Supplemental
Provisions

 

Clause
66     This Contract shall be made in triplicate, with one
copy for the Borrower, two copies for the Loan Bank,        \         copies for        \        ,        \         copies for        \        , and        \        
copies for        \        , which shall have the same legal effect.

 

Clause
67     This Contract is signed in Fuzhou City on August 15,
2022.

 

Clause
68     Both parties to the contract agree to notarize this Contract,
and promise to give this Contract the compulsory enforcement effect. When the Borrower fails to perform or fails to fully perform its
debts, or has the circumstance that the Loan Bank realizes the creditor’s rights as stipulated by laws and regulations and agreed
in this Contract, the Loan Bank shall have the right to directly apply to the people’s court with jurisdiction for compulsory enforcement.
The Borrower has no objection to the application for compulsory enforcement made by the Loan Bank in accordance with this Contract. (This
Clause is optional, and both parties choose [2] in this Contract. 1. Applicable; 2. Not applicable.)

 

Clause
69     Other provisions:

 

           \           
..

 

 

 

    18

     

    

 

 

  

(This page is the page signed
by both parties to the contract, and contains no text.)

  

Borrower (Seal):

  

Legal Representative:

 

(or Entrusted Agent)

  

Loan Bank (Seal):

 

Legal Representative/Person
in Charge:

 

(or Entrusted Agent)

 

 

 

    19

     

    

 

 

   

Appendix 1

  

Table for Assumption
of Expenses

 

(This
table is not applicable to the insurance expenses and compulsory enforcement notarization expenses agreed in the guarantee contract corresponding
to this Contract)

 

	No.	Name of Expense	Subject for Assumption of Expenses	Method for Assumption of Expenses	Other Provisions

 

	Remarks:	(1)	Please
                                            put a tick (ü) in the applicable box.

 

		(2)	According to relevant laws, regulations and regulatory provisions, for the financing of small and micro
enterprises, if the bank is the first beneficiary of the borrower’s accident insurance, the insurance expense shall be borne by
the bank, and the mortgage registration expense shall be borne by the bank.

 

If this table for assumption of expenses
involves any other expense assumption subject other than the Borrower and the Loan Bank who have signed this Contract, it shall be subject
to the consent of such expense assumption subject.

 

Other Expense Assumption Subject (Seal):

 

Legal Representative (or Entrusted
Agent):

 

 

 

    20Exhibit 10.26

 

Contract No.: Lv Jin Jie Zi No. L20220630

 

Fujian
Rural Credit Cooperative Rural Commercial Bank

 

Working Capital Loan Contract

 

Prepared by Fujian Rural Credit Cooperative Union

 

     

     

    

 

Important Contracting Tips

 

To protect your interests,
please carefully read the tips before the contract is signed, and check and confirm the following matters:

 

I. You are entitled to sign
this contract, if it is legally necessary to obtain consent of other person, you have obtained sufficient authorization;

 

II. You have carefully read
and fully understood contractual clauses, and have paid special attention to content on liability assumption, exemption or restriction
of liabilities of lender and the part in bold thereof;

 

III. Lender has explained
relevant clauses of the contract; you have been fully aware of and understood meaning and corresponding legal consequences of clauses
of the contract, and are willing to accept agreements in these clauses;

 

IV. You ensure that loan
materials provided are true, legal and effective, and are willing to assume legal liabilities for authenticity and legality of content
provided.

 

    1

     

    

 

Working Capital Loan Contract

 

Information of contracting
parties: see Article 7 in Special Clauses of the Contract.

 

In accordance with relevant
national laws and regulations, the contract is hereby made by borrower and lender with consensus. The contract is composed of General
Clauses and Special Clauses.

 

General Clauses

 

Article 1 See Article 8
in Special Clauses for amount, period, interest rate and the like of loan of the contract.

 

I. When amount, period, interest
rate, repayment method and the like of loan in the contract is inconsistent with evidence of loan, the evidence of loan shall prevail.
Loan and repayment operations that use account and password of borrower and are implemented through the business platform provided by
lender are deemed to be processed by borrower himself, legal consequences thereof are assumed by borrower, and electronic record of lender
shall prevail. Evidence and electronic record of each loan serve as components of the contract and have the same legal effect as the contract.

 

II. Loan prime rate refers
to the loan prime rate issued by National Interbank Funding Center authorized by the People’s Bank of China. In case of adjustment
of interest rate policies of the People’s Bank, it shall proceed based on provisions thereof.

 

III. When loan execution
rate of the contract is adjusted based on the loan prime rate, lender will not otherwise notify borrower.

 

IV. Lender is entitled to
decide whether to use the cumulative total method or the transaction-by-transaction method for interest calculation.

 

V. Lender will release loan
when the following conditions are met:

 

(I) Borrower provides
capital use certification materials meeting requirements of lender, such as relevant transaction contract;

 

(II) Guarantor has appropriately
processed the guarantee formalities; if mortgage and pledge require insurances, relevant insurances have been processed;

 

(III) Other loan release
conditions required by lender.

 

VI. Lend Capital Payment

 

(I) Loan capital in
the contract is paid as follows:

 

1. Entrusted lender payment.
It refers to that lender pays the loan capital to the transaction object of borrower consistent with the purpose agreed in the contract
in light of withdrawal application and payment entrustment of borrower.

 

2. Independent borrower payment.
It refers to that lender directly releases the loan capital to the account of borrower in light of the withdrawal application of borrower,
and then borrower independently pays the capital to the transaction object of borrower consistent with the purpose agreed in the contract.

 

(II) Borrower shall
provide capital use certification materials such as loan capital payment information and transaction contract in accordance with requirements
of lender.

 

(III) Lender is entitled
to supervise, manage and control the loan capital payment based on the contract, and review and check whether loan payment application
and capital use certification materials provided by borrower are consistent with actual purpose.

 

(IV) If borrower avoids
the entrusted lender payment in a manner of breaking up the whole into parts, and loan capital use is abnormal, lender is entitled to
change conditions and method of release and payment of loan, or deal with it as breach of contract on the part of borrower.

 

VII. If borrower repays principal
in advance, borrower shall submit an application to lender 15 days in advance, and consent of lender shall be obtained in advance. Lender
is entitled to arrange the date of earlier repayment based on the actual situation. Borrower shall implement the earlier repayment plan
on the date of earlier repayment, and pay up principal repaid in advance and interest thereof, and other due amounts.

 

Article 2 Rights
and Obligations of Borrower

 

I. Allowed to obtain and
use loan based on the contract, and without written consent of lender, not allowed to change purpose of loan.

 

II. Perform debt based on
the contract, and fully return principal and interest of loan on schedule.

 

III. Provide true, accurate,
complete and legal and effective certificates of incomes and assets and financial statements and all account opening cooperatives (banks),
account numbers and other relevant materials based on requirements of lender. If it is necessary to issue VAT invoices, materials such
as invoicing information shall be provided.

 

IV. Accept inspection and
supervision on production and operation, financial activities, loan use and the like of borrower from lender.

 

V. Borrower may not maliciously
transfer assets, withdraw capital or arbitrarily transfer shares, to avoid liabilities of the contract.

 

VI. To provide guarantee
for other debts, lender shall be notified in advance, and realization of creditor’s right of lender may not be affected; without
written consent of lender, it is not allowed to provide guarantee for other debts with assets formed from the loan in the contract.

 

VII. In case of application
for change of name. legal representative, Articles of Association, address, business scope, registered capital and other items, lender
must be notified in writing 10 days in advance.

 

VIII. In case of contracting,
lease, joint venture, shareholding system transformation, merger, separation, asset disposal, related transaction, external investment,
substantial increase in debt financing and change in operation management method or property ownership organization form due to other
reasons, lender must be notified in writing 30 days in advance, consent of lender must be obtained, and repayment and guarantee measures
must be implemented.

 

    2

     

    

 

IX. In case of any event
that will have adverse impact on performance of debt under the contract, such as suspension of production, closure of business, cancellation
of registration, revocation of business license, legal representative, main person in charge or actual controller engaging in illegal
activities, involving litigation or arbitration, operation difficulties, deterioration of financial conditions, occurrence of cross-default
events, environmental and social risks, lender must be notified in writing within 3 days, and creditor’s right preservation measures
recognized by lender must be implemented.

 

X. If guarantor of loan in
the contract suffers from suspension of production, closure of business, cancellation of registration, revocation of business license,
bankruptcy, operating loss and so on, leading to partial or complete loss of the security ability corresponding to loan of the contract,
or damage, loss, reduction in value, expropriation, seizure, detention, freezing and the like of collateral for loan in the contract,
or other situations that have impact on the security right of lender, borrower shall implement guarantee measures based on requirements
of lender.

 

XI. Assume all expenses regarding
insurance, transportation, registration, safekeeping, appraisal, notarization, announcement and the like related to the contract and guarantee
hereunder, all expenses incurred by lender to realize creditor’s right (including but not limited to litigation cost, arbitration
cost, case handling fee, attorney service fee, attorney agency fee, property preservation fee, announcement fee, evaluation fee, authentication
fee, notarization fee, enforcement application fee, safekeeping fee, auction fee, sale fee, disposal fee, travel cost, telecommunication
fee and other fees necessary for realization of creditor’s right), unless they belong to fees specifically provided by the state
or otherwise agreed by both parties such as property registration fee, enforcement notarization fee and collateral property insurance
premium.

 

XII. Borrower promises that
lender is entitled to recover the loan in advance in light of withdrawal of funds from circulation of borrower.

 

XIII. Provide an effective
account legally opened in the system of Fujian Rural Credit Cooperative (including Rural Commercial Bank), and authorize lender to divide
and collect repayable principal and interest of each period and other payables from the account.

 

Article 3 Rights
and Obligations of Lender

 

I. Allowed to require borrower
to provide materials regarding production and operation and financial and accounting statements, and check and supervise production and
operation, environment protection and social risk management, financial activities, loan use and the like of borrower.

 

II. If borrower fails
to repay based on agreements (including lender declaring based on the contract that loan matures earlier), lender is entitled to directly
divide and collect corresponding amount in RMB or other currency from the account opened by borrower in the system of Fujian Rural Credit
Cooperation (including Rural Commercial Bank). Lender shall notify (without a prior notice) borrower of content of relevant deducted amount.
If the deducted amount is expressed in a foreign currency, lender is entitled to translate the amount into amount in RMB for repayment
based on bank purchase price of exchange quotation issued by the system of Fujian Rural Credit Cooperative (including Rural Commercial
Bank) at the time of deduction. If borrower owes debts beyond the contract to lender, lender is entitled to decide the debt repayment
order of the said deducted amount.

 

III. Lender is entitled to
monitor inflow and outflow of fund in the fund withdrawal account of borrower agreed in the contract. In case of abnormal fund transaction
and red flags for operation, management, finance, capital flow and the like of borrower, lender is entitled to recover the loan in advance
and require borrower to take such measures as security increasing.

 

IV. Timely and fully release
loan based on the contract, unless national policy adjustments and other events not due to lender occur.

 

V. Based on requirements
of borrower, keep confidential trade secrets related to production and operation and other information that shall be kept confidential
of borrower, unless used within the lender and otherwise specified by the state.

 

VI. Lender is entitled to,
in accordance with laws and regulations and the contract, participate in large-amount financing, asset sale and merger, separation, shareholding
system transformation, bankruptcy and liquidation and other activities of borrower, and protect creditor’s right of lender.

 

VII. Lender is entitled to
decide the repayment order of principal, interest, default interest, compound interest or relevant expenses of a creditor’s right.

 

VIII. If borrower is unable
to process loan, repayment or inquiry due to force majeures or accidents such as system failure, equipment failure, communication failure
or power supply suspension unforeseeable or uncontrollable by lender, lender will not assume any compensation liability.

 

Article 4 Liabilities
for Breach of Contract

 

After the contract takes
effect, if any party breaches the contract, the party shall assume corresponding legal liabilities and compensate the other party of economic
loss.

 

Article 5 Other Agreements

 

I. In case of one of the
following conditions, lender is entitled to separately or concurrently use the following rights: require the breaching party to make correction
within a period; change the payment mode of loan capital; suspend release of loan, and declare that loan matures earlier and will be recovered
in advance; require borrower to increase security; notify relevant units and the financial industry of breaches of the breaching party,
and implement announcement and collection through news media; take other asset preservation measures; have the right to terminate the
contract.

 

    3

     

    

 

(I) Principal or interest
of any loan under the contract of borrower has been overdue for over 10 days (inclusive).

 

(II) Without written
consent of lender, borrower changes the purpose of loan without authorization.

 

(III) Borrower or guarantor
suffers from adverse change in revenue, unemployment, serious disease or major accident, or is declared missing, in a state of restricted
or no capacity for civil conduct, engaged in illegal activities, involved in a litigation, enforced, evading debts, or out of contact,
or losing or possibly losing ability to perform the contract.

 

(IV) The situation agreed
in Item VIII under Article 2 hereof occurs, which may affect safety of creditor’s right of lender.

 

(V) Adverse situation
agreed in Items IX and X under Article 2 hereof occurs, which will affect realization of creditor’s right and security right
of lender.

 

(VI) Borrower or guarantor
violates the contract, fails to follow the promises, and expresses explicitly or through its activities that it will not perform obligations
hereunder.

 

(VII) Borrower or guarantor
is unable to perform any other due loan, guarantee and compensation liability.

 

(VIII) Without consent
of lender, borrower or guarantor transfers properties by means of assignment, transfer, partition and the like, which may have impact
on realization of creditor’s right of lender.

 

(IX) Information in
the loan application documents of borrower or guarantor is untrue, or borrower or guarantor fails to timely provide true, complete and
effective materials based on requirements of lender, and lender believes that it may affect safety of creditor’s right.

 

(X) Relevant industrial
and credit loan policies of the state are adjusted.

 

(XI) Other conditions
that may affect realization of creditor’s right of lender.

 

II. If a third party performs
relevant obligations and responsibilities under the contract on behalf of debtor, consent of lender shall be obtained. If lender disallows
the third party to perform on the behalf, liabilities for breach of contract of borrower will not be exempted. If lender agrees or accepts
the third party to perform on the behalf without the knowledge, it does not mean that lender agrees to assume obligations beyond the contract,
including but not limited to handover of materials on creditor’s right and debt, litigation and period maintenance, and maintenance
of mortgage and pledge registration and the like.

 

III. Lender is allowed
to provide credit information (including default and adverse information) of borrower to basic financial credit information database
and other legally established credit inspection institutions; in accordance with relevant national provisions, inquire about, print and
save relevant credit report consistent with relevant provisions through basic financial credit information database and other legally
established credit inspection institutions, including inquiring about post-loan risk management of borrower during the existence of loan.
The credit report obtained through inquiry may only be used for the scope of purposes specified by Interim Measures for Administration
of Personal Credit Information Basic Database and other provisions issued by the People’s Bank of China. Before lender provides
personal adverse information including breach of contract of borrower to basic financial credit information database and other legally
established credit inspection institutions, lender shall send a text to notify borrower in advance based on the mobile phone number provided
by borrower; if borrower changes the mobile phone number, borrower shall timely process the change formalities, otherwise once lender
sends the text notice, it will be deemed that the other party has received and been aware of the notice.

 

IV. Service Addresses of
Legal Instruments

 

It is agreed by all contracting
parties that: addresses agreed in Article 7 of Special Clauses herein shall serve as service address for legal instruments such litigation
or arbitration documents of relevant people’s court, arbitration commission and other institutions or organizations, and relevant
legal instruments, notices, documents, mails and the like from contracting parties to other parties. The said service addresses (including
mailing addresses, fax numbers, emails) are applicable to all case handling procedures of a people’s court (arbitration commission
or other institutions or organizations), including procedures of first instance, second instance, retrial and enforcement, and if served
by any means, it will be deemed to have been served.

 

If contact information such
as service address of a contracting party changes, the party shall notify relevant parties within 3 days. If legal instruments, notices,
documents, mails and the like are unable to be received due to invalid or incomplete contact information such as service address provided
by a contracting party, or failure to notify relevant parties in time after change, or rejection of relevant party and personnel, or any
element other than force majeure of the party, it will be deemed that the party has received relevant documents sent by all parties, relevant
people’s court, arbitration commission and other institutions or organizations. If served by post, date when the mailed documents
are returned is deemed to be the date of document receipt; if relevant documents are sent by means of data messages such as fax or email,
unless specified by laws, date of sending will be deemed to be date of service and receipt.

 

If there is no date of signing
on a document for service, for a mailed document, the third day following the posting will be deemed to be date of service and receipt;
for a document under special delivery service, date when the special delivery man delivers the document to address of the other party
will be deemed to be date of service and receipt.

 

Lender may send relevant
notices and documents to all contracting parties by means of data messages such as fax, email, SMS, mobile banking and online banking
based on the situation; unless specified by laws, date of sending will be deemed to be date of service and receipt.

 

V. Borrower promises that:
lender is allowed to submit default information of borrower to relevant banking association, and authorize the banking association to
share default information of borrower among the banking financial institutions and make it public to the society; borrower is willing
to accept joint default punishment and right protection measures taken by the banking financial institutions such as lender, e.g., reducing
or suspending credit granting, suspending the opening of a new settlement account, suspending the processing of a new credit card of debtor
or guarantor.

 

    4

     

    

 

VI. Borrower promises that:
if borrower is slack in exercising a creditor’s right against a third party or subordinate rights related to the right, which affects
realization of creditor’s right of lender, lender has the right to exercise the right of subrogation, and borrower voluntarily waives
the defense against lender.

 

Article 6 Statements

 

I. Borrower is clearly
aware of business scope and the authorization power of lender.

 

II. Borrower has read
all clauses of the contract, and lender has explained all clauses of the contract in details and particularly made special explanations
for the part in bold in the contract. Borrower has comprehensively and fully understood all clauses and legal consequences of the contract
and bears no doubt, and has an accurate and correct understanding of legal meaning of clauses on rights and obligations and restriction
or exemption of liabilities and full understanding of legal consequences of all clauses.

 

III. Borrower guarantees
that he/she has independent or legally authorized capacities for civil rights and conducts to sign and perform the contract, otherwise
borrower shall indemnify lender for all losses.

 

Special Clauses

 

Article 7 Information
of Contracting Parties

 

Borrower: Fuzhou
Yukai Trading Co., Ltd.

 

Name and No. of Certificate:
Business license 913501007796253967

 

Legal Representative: Zheng
Zhenyu Authorized Agent:                            /                                  

 

Service address for legal
instruments and so on: (1) Mailing Address Rooms 909, 910 & 911, Xinya Building, No. 121, Dongjie Sub-district,
Gulou District, Fuzhou Postal Code 35000 Recipient Zheng Zhenyu Contact No.

 

(2) Fax                             /                             
  (3) Email                             /                            

 

Lender: Rural Commercial
Bank of Fuzhou, Fujian Co., Ltd.

 

Legal Representative: Shi Yunfei Authorized Agent: Teng

 

Service address for legal
instruments and so on: (1) Mailing Address No. 128 Shuguang Branch Rd., Taijiang District, Fuzhou Postal Code 350000
Recipient Shi Yunfei Contact No.

 

(2) Fax                             /                            
 (3) Email                             /                            

 

Article 8 Lender
agrees to release the following loan to borrower

 

I. Amount of Loan: RMB (in
words) Four Million Three Hundred Fifty Thousand Only.

 

II. Purpose of Loan: Operating
turnover.

 

III. Period of Loan: June 30,
2022 – June 29, 2023.

 

IV. Loan rate is annual interest
rate (single rate), i.e., Type (I) below:

 

(I) Fixed interest rate,
5.95%, i.e., loan prime rate of the latest 1 year (1 year/more than 5 years) loan on the working day preceding date of signing
of the contract, plus (plus/minus) 225 basic points (N basic points). During the effective term of the contract, contract
execution interest rate will remain unchanged, and not change according to adjustment of loan prime rate.

 

(II) Fixed
interest rate, interest rate executed for each loan during the effective term hereof will remain unchanged and not change according
to adjustment of loan prime rate. Inside: 1. If the loan period determined at the time of release is within 1 year (inclusive),
interest rate executed for such loan is loan prime rate of the latest 1 year loan on the working day preceding date of release plus
__(plus/minus) ___ (N basic points);

 

2. If the loan period determined
at the time of release is longer than 1 year, interest rate executed for such loan is loan prime rate of the latest more-than-5-year loan
on the working day preceding date of release plus ____ (plus/minus) (N basic points).

 

(III) Floating
interest rate, loan prime rate of the latest ___ (1 year/more than 5 years) loan on the working day preceding date of signing of the
contract, ___(plus/minus) one basic points (N basic points). Contract execution interest rate is adjusted on a annual (monthly/quarterly/annual)
basis, and interest rate adjustment date is the first day of the following year (the first day of the following month/the
first day of the following quarter/the first day of the following year) after loan prime rate is adjusted.

 

(IV) Floating
interest rate, where: 1. If the loan period determined at the time of release is within 1 year (inclusive), interest rate executed
for such loan is loan prime rate of the latest 1 year loan on the working day preceding date of release plus ___ (plus/minus) ___ (N
basic points); 2. If the loan period determined at the time of release is longer than 1 year, interest rate executed for such loan
is loan prime rate of the latest more-than-5-year loan on the working day preceding date of release plus ___ (plus/minus) _____ (N
basic points). Contract execution interest rate is adjusted on a (monthly/quarterly/annual) basis, and interest rate adjustment date
is __ (the first day of the following month/the first day of the following quarter/the first day of the following year) after loan
prime rate is adjusted.

 

(V) Floating interest
rate, loan prime rate of the latest more-than-5-year loan on the working day preceding date of signing of the contract (date of
signing of the contract/date of release) plus (plus/minus) one basic point (N basic points). Contract execution interest
rate is adjusted based on a cycle of 12 months; contract interest rate adjustment date is the first day of the first month after 12 months
(a full 12 months period is calculated based on corresponding month or date; if there is no corresponding date in current month when the
period expires, the last day of current month is the corresponding date) from date of release of loan.

 

    5

     

    

 

If a floating interest rate
is adopted for the contract, on the interest rate adjustment date agreed herein, the execution interest rate is adjusted based on loan
prime rate of the latest loan of corresponding period on the working day preceding contract interest rate adjustment date, and number
of increased or reduced points agreed herein.

 

Loan prime rate of the latest
1 year loan on the working day preceding date of signing of the contract is 3.7%, and loan prime rate of the latest more-than-5-year
loan is 4.45%.

 

One basic point agreed herein
is equal to 0.01 percent.

 

Unless specifically agreed,
 “day” in this agreement refers to natural day.

 

If the contract uses independent
pricing loan mode, loan interest rate shall be executed based on Supplementary Agreement for Pricing of Loan Interest Rate.

 

Loan interest and default
interest and compound interest hereunder include value-added tax; if it is provided by relevant national taxation department that loan
hereunder is exempted from VAT, loan interest and default interest and compound interest exclude VAT.

 

V. Borrower and lender agree
to repay principal and interest based on Method (II) below:

 

(I) Implement the repayment
of principal together with interest, and return principal and interest of loan in a lump sum when it is due.

 

(II) Settle interest
on a monthly (monthly/quarterly/annual) basis, and return principal of loan based on the fund withdrawal situation of the Hospital
Medical Device Asset Management Service Procurement project for Minqing County Hospital Wise Medical (bid no.: [350124]ZHZB[GK]2022005).
Interest settlement date is the 20th day of each month/last month of each quarter/last month of each year. If the last repayment
date of principal of loan is not an interest settlement date, unpaid interest shall be paid up together with principal.

 

(III) Repay in
installments on a                        (quarterly/each
* months) basis, and date of repayment is the 20th day of last month of each period. Borrower and lender agree to repay
relevant amount based on Method
                       
below, and its calculation formular is as follows:

 

1. Equal principal and interest
repayment method:

 

	Repayment amount of each period =	Principal of loan × interest rate of the period × (1+ interest rate of the period) number of periods of loan
	(1+ interest rate of the period) number of periods of loan - 1

 

2. Equal principal decrease repayment method:

 

	
    Repayment amount of each period = 
	
    Principal of loan 
	+
    (principal of loan – cumulative returned principal amount) × interest rate of the period 
	Number of periods of loan

 

(IV) Other repayment methods:                                                                                         

 

Article 9 Fund Supervision
After Loan

 

I. Borrower must establish
a special fund withdrawal account (account no.:[], opening bank: Rural Commercial Bank of Fuzhou, Fujian) and provide the fund
transactions of the account as required by the lender. The funds of the borrower engaged in business activities with the loan of this
contract shall be settled through the above account.

 

II. Borrower must establish
a special fund withdrawal account, account name: Fuzhou Yukai Trading Co., Ltd., account no.[]:, opening bank: Business Department
of Rural Commercial Bank of Fuzhou, and agree lender to compulsorily deduct principal and interest from the account after the project
fund is withdrawn from circulation. Fund withdrawn based on the fund withdrawal situation of the Hospital Medical Device Asset Management
Service Procurement project for Minqing County Hospital Wise Medical (bid no.: [350124]ZHZB[GK]2022005) shall be settled through the said
account. Any change to the above payment collection and settlement account shall be approved by our bank. If borrower violates this provision,
it will be deemed that borrower violates the contract, and lender is entitled to terminate performance of the contract in advance, and
recover principal and interest by legal means, and economic loss arising therefrom shall be assumed by borrower.

 

Article 10 Liabilities
for Breach of Contract

 

I. If borrower fails to use
the loan based on the contract, from date of embezzlement thereof, lender is entitled to calculate and collect loan default interest for
the embezzled loan based on actual number of days of embezzlement and loan interest rate indicated herein plus 100%.

 

II. If borrower fails to
repay loan based on the contract, from the overdue date of loan, lender is entitled to calculate and collect loan default interest for
overdue loan based on actual number of overdue days and loan interest rate indicated herein plus 50%.

 

III. For interest that borrower
fails to pay on schedule (including interest before and after loan is due, default interest for embezzlement of loan, and default interest
for overdue loan), compound interest shall be calculated and collected based on default interest rate of overdue loan.

 

IV. If the same loan is not
only overdue but also not used based on the purpose agreed herein, default interest rate shall be calculated based on the higher one.

 

    6

     

    

 

V. If borrower repays principal
of loan in advance, lender is entitled to collect penalty for breach of contract, and the penalty calculation rule is                         /                         .
For loan of a small/micro-sized enterprise, this penalty will not be collected.

 

Article 11 Other
Agreements

 

I. See      \      
  for guarantee for loan hereunder.

 

II. Notarization fee arising
from performance of compulsory execution of notarization formalities is assumed by borrower.

 

Article 12 Dispute
Settlement Method

 

In case of a dispute during
the performance of the contract, the dispute may be settled through consultation among all parties, or based on Method I below.

 

I. Litigation. Governed by
relevant competent people’s court in the place of address of lender.

 

II. Arbitration. Submit to
---------- (full name of an arbitration institution) for arbitration in accordance with its arbitration rules.

 

During the litigation and
arbitration period, clauses herein not in dispute must still be performed.

 

The contract is governed
by laws of the People’s Republic of China.

 

Article 13 The
contract will come into force as of the date when it is signed or sealed by all parties. The contract is made in triplicate, borrower,
guarantor, relevant registration department and ---------- respectively hold one copy, lender holds one copy, and each copy
has the same effect.

 

	
    Lender (Signature/Seal):

     

    Legal Representative:

     

    Authorized Agent:

     
	
    Borrower (Signature/Seal):

     

    Legal Representative:

     

    Authorized Agent:

     

 

Date of Signing: June 30,
2022

 

Place of Signing: Rural
Commercial Bank of Fuzhou, Fujian

 

    7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00351-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00351-of-00352.parquet"}]]