Document:

Exhibit
10.11

 

LOAN
AGREEMENT

 

CONTRACT
No.: JK20200110001A

 

LENDER(Party
A) :WENKAI YU

ID
No.:442000198005280217

 

BORROWER(Party
B) : SMARTEN TECHNOLOGY CO.,LTD

 

Registered
Address : Rm 905, Baolong plant of Anbo technology, No. 2, Baolong 4th Road, Baolong community, Baolong street, Longgang District,
Shenzhen

 

	Legal representative:NAN DU	Post : Executive director

Unified
credit code : 914403003194288778

 

In
accordance with the relevant laws, regulations, rules and regulations of the people’s Republic of China, Party A and Party B enter
into this loan contract through consensus for mutual compliance.

 

I.
LOAN AMOUNT

 

1.
The lender provides the borrower with the loan fund of RMB (in words) three hundred thousand yuan only, ( ¥ 300000 yuan) only.
In case of any discrepancy between the amount in words and figures, the amount in words shall prevail.

 

II.
LOAN TERM AND PURPOSE

 

2.
The loan period under this contract is extended to_ 6_ Months, from January 10, 2020 to July 9, 2020. If the actual issuance date of
the loan is inconsistent with the starting date of the loan, the starting date of the loan shall be subject to the actual issuance date
of the loan, and the loan term shall be extended accordingly. The loan receipt is an effective part of this contract and has the same
legal effect as this contract.

 

3.
The loan under this contract is designated for working capital loan. Without the written consent of the lender, the borrower shall not
change the purpose of the loan for other purposes.

 

III.
CREDIT RATE AND PAYMENT METHOD

 

4.
The interest rate of the loan under this contract is the Chinese fixed interest rate, the monthly interest rate of the loan is 1.5%,
and the value date is the date of issuance of the loan under this contract.

 

5.
The principal and interest of the loan under this contract shall be repaid in one lump sum at the maturity of the principal, and the
interest shall be paid on a monthly basis, and the interest upon maturity shall be paid off with the principal. If it involves calculating
interest on a daily basis, the daily interest rate = monthly interest rate ÷ 30, the interest payment date is the [I0] day of
each month, and the repayment date is the due date of the loan.

 

    	 

    	 

    

 

6.
The borrower shall pay the loan to the bank account in the name of the lender by transfer. The account information is as follows:

 

Beneficiary
account :WENKAI YU

Beneficiary
account No.:62261989 0030 6173

Beneficiary
bank :Dongguan Branch Business Department of Minsheng Bank

 

IV.
ISSUANCE OF LOANS

 

7.
After the borrower meets the loan issuance conditions required by the lender and completes the corresponding loan and guarantee procedures,
the lender shall make a loan within 3 working days. Both parties agree that the lender shall remit the loan to the following account
of the borrower by transfer. Once the transfer is successful, it shall be deemed that the loan has been withdrawn and used by the borrower.

 

Beneficiary
account: SMARTEN TECHNOLOGY CO.,LTD

Beneficiary
account No.:4102 4200 0400 23259

Beneficiary
bank :Longxiang sub branch,Agricultural Bank of China Shenzhen

 

V.
BORROWER DEBT SCOPE AND REPAYMENT SEQUENCE

 

8.
The borrower’s loan and the debts involved in this contract refer to the loan principal, interest, liquidated damages, compensation,
and the costs of realizing the creditor’s rights and security rights (including but not limited to notary fees, evaluation fees,
appraisal fees, and auction fees , Preservation fees, litigation or arbitration fees, service fees, execution fees, storage fees, transfer
fees, attorney agency fees, travel expenses, etc.)

 

9.
The money that the lender obtains to pay off the debt in accordance with this contract and the corresponding guarantee contract shall,
in principle, first pay off the cost of realizing the creditor’s rights and security rights, then pay off the liquidated damages
and compensation, then pay off the interest, and finally pay off the principal. The order of settlement.

 

If
there are several due debts between the borrower and the lender, and the borrower’s repayment is not enough to pay off all the
due debts, which debt is paid by the borrower, that is, the order in which the debt is repaid, Determined by lender.

 

    	 

    	 

    

 

VI.
BORROWER’S REPRESENTATIONS AND WARRANTIES

 

10.
The borrower is a legally established and legally existing civil entity, possesses all necessary rights and capabilities, and can perform
the obligations of this contract in its own name and assume corresponding responsibilities.

 

11.
The signing and performance of this contract by the borrower is the true expression of the borrower’s intention, and there is no
legal flaw.

 

12.
All the documents, materials and information provided by the borrower to the lender during the signing and performance of this contract
are true, accurate, complete and effective, and no information that may affect their ability to repay the loan has not been concealed
from the lender.

 

13.
As of the date of signing this contract, the borrower is not involved in any litigation, arbitration, administrative punishment, or other
disputes that may or may have an adverse effect on the signing of this contract, and there is no other situation that may affect the
debt under this contract.

 

VII.
LENDERS’S RIGHTS AND OBLIGATIONS

 

14.
The lender has the right to require the borrower to repay the principal, interest and expenses of the loan on time, and has the right
to exercise other rights stipulated in this contract, and to require the borrower to perform other obligations under this contract.

 

15.
The lender has the right to inspect and supervise the borrower’s loan usage, operating conditions, financial capital status, liabilities
and external guarantees and other information and conditions. The borrower shall provide cooperation and truthfully provide relevant
materials and reports required by the lender on time.

 

16.
On the premise that the borrower fulfills the obligations stipulated in this contract, the lender shall issue the loan to the borrower
in accordance with this contract.

 

17.
When the borrower evades the lender’s supervision, defaults on the principal and interest of the loan, maliciously evades the debt
or other serious breaches of the contract, the lender has the right to inform relevant departments or units and individuals (including
but not limited to government departments, contacts, Downstream customers, guarantors, media, credit reporting agencies, etc.) to notify,
including but not limited to letters, short messages, WeChat, phone calls, posting announcements, etc., and the right to announce the
collection in the news media, and the lender’s notification And the act of announcement is deemed to be a claim to the borrower.

 

VIII.
BORROWER’S RIGHTS AND OBLIGATIONS

 

18.
The borrower shall use the loan for the purpose agreed in the contract, and shall not misappropriate the loan under the contract for
other purposes or use the loan for illegal and illegal transactions. If the borrower fails to use the loan for the agreed purpose, the
lender may stop issuing the loan, recover the loan in advance or terminate the contract, and the borrower shall cooperate with and accept
the lender’s control over its production, operation Inspection and supervision of financial activities and the use of loans under
the contract.

 

    	 

    	 

    

 

19.
The borrower shall bear all expenses under this contract, including but not limited to notarization fee, appraisal fee, evaluation fee,
registration fee, insurance fee, etc

 

20.
The borrower shall repay the loan principal and pay interest under the contract according to the time, amount and currency agreed in
the contract.

 

21.
If the borrower changes its name, legal representative (person in charge), domicile, business scope, registered capital or articles of
association of the company (enterprise), the borrower shall notify the lender in writing within 3 working days from the date of submitting
the change application to the industrial and commercial department.

 

22.
The borrower shall notify the lender in writing within five days of any event that may affect its repayment ability, including but not
limited to:

 

1.
The mortgaged property is included in the scope of demolition, compulsory expropriation, compulsory scrapping and other situations that
may cause the loss of the mortgaged property;

 

2.
The mortgagor, the pledgor and a third party have disputes over the mortgaged property and the pledged property (pledge rights);

 

3.
Litigation, arbitration or administrative punishment that have or may have a significant adverse impact on the borrower’s performance
of repayment obligations;

 

4.
Before the loan is fully repaid, the business and economic conditions of the borrower and its actual controllers and major shareholders
change, which may have an adverse impact on the debt repayment ability;

 

5.
Other events that have or may have a significant adverse impact on the borrower’s performance of repayment obligations.

 

23.
When the guarantee under this contract (if any) changes that are not conducive to the lender’s creditor’s rights, such as
the deterioration of the guarantor’s financial situation or other reasons that lead to a significant decline in solvency, or the
depreciation, damage, or loss of the collateral or pledge, which makes the guarantee capacity obvious If weakened or lost, the lender
has the right to require the borrower to replace or add a guarantor or provide new collateral or pledge: or provide other guarantees
recognized by the lender, otherwise the lender has the right to terminate the contract and declare the loan to expire early.

 

IX.
PREPAYMENT

 

24.
If the borrower requests early repayment, it shall submit an application to the lender at least 20 working days in advance. After the
lender agrees, both parties shall sign a separate written agreement stating the rights and obligations of both parties.

 

    	 

    	 

    

 

X.
GUARANTEE MODE

 

25.
In order to ensure the repayment of the loan under this contract, the lender may require the borrower to provide guarantee measures (including
but not limited to guarantee, mortgage, pledge, etc.), and the specific guarantee matters shall be subject to the corresponding guarantee
contract.

 

XI.
LIABILITY FOR BREACH OF CONTRACT

 

26.
The borrower’s breach of the obligations, commitments and guarantees agreed in this Agreement shall constitute a breach of contract.
The lender has the right to stop paying the unpaid loan of the borrower, unilaterally announce the early maturity of the loan issued
under the contract, require the borrower to immediately repay all the due loan principal and settle the interest, and have the right
to require the borrower to pay corresponding liquidated damages.

 

27.
Circumstances where the borrower may endanger the creditor’s rights of the Lender:

 

1.
The preconditions for granting loans agreed in this contract are not met;

 

2.
The borrower fails to repay the principal and interest of the loan or other payables in full in accordance with the contract for more
than 3 days;

 

3.
The borrower fails to use the loan for the purpose agreed in the contract;

 

4.
The borrower provides the lender with false, invalid or incomplete information, documents or materials or conceals the true situation;

 

5.
The borrower refuses or hinders the lender from supervising and inspecting its business status and loan use;

 

6.
The borrower fails to perform other due debts to the lender, or the lender finds that the borrower has other acts of defaulting on the
debts of a third party;

 

7.
The borrower’s credit status or repayment ability has changed significantly, and the lender believes that it may or has had an
adverse impact on its solvency;

 

8.
The borrower’s legal representative (person in charge), major shareholder, natural person guarantor, natural person mortgagor,
natural hostage pledgor dies, disappears or is declared dead or missing or suffers from major diseases, which the lender believes may
or has adversely affected its solvency;

 

9.
Under any of the following circumstances, the lender believes that the security of creditor’s rights under this contract may be
endangered: the borrower has contracting, trusteeship, leasing, joint-stock transformation, reduction of registered capital, investment,
joint venture, merger, acquisition and reorganization, division, joint venture, suspension of business for rectification, application
for dissolution, cancellation, (application for bankruptcy) Change of controlling shareholder or actual controller, transfer of major
assets, suspension of production, closure of business, imposition of high fines by competent authorities, cancellation, revocation of
business license, major legal disputes involved, serious difficulties in production and operation or deterioration of financial situation,
and the legal representative or main responsible person is unable to perform his duties normally;

 

    	 

    	 

    

 

10.
Under any of the following circumstances, if the lender believes that the safety of creditor’s rights under this contract may be
endangered, Party A fails to perform other due debts, transfers property at a low price and free of charge, reduces or relieves the debts
of the third party, delays in exercising the creditor’s rights or other rights on duty, and provides guarantee for others;

 

11.
When the guarantee is not established, ineffective, invalid, revoked or cancelled, the guarantor breaches the contract or explicitly
indicates or indicates by its behavior that it will not perform its guarantee responsibility, or the guarantor loses or completely loses
its guarantee ability, or the guarantee ability changes significantly, the value of the collateral decreases, etc., and the lender believes
that it may endanger the safety of creditor’s rights under the contract;

 

12.
The borrower has other circumstances that may endanger the security of creditor’s rights under this contract in the opinion of
the lender.

 

28.
In case of any circumstance agreed in Article 28 of this contract, the lender has the right to exercise one or more of the following
rights, which can be exercised at the same time:

 

1.
Stop issuing loans:

 

2.
Announce the early maturity of the loan and require the borrower to immediately repay the principal, interest and expenses of all due
and undue debts under the contract;

 

3.
If the borrower fails to use the loan according to the purpose of the loan, from the date of misappropriation to the date of full repayment
of the principal and interest, in addition to paying the interest according to the loan interest rate of the contract, a penalty interest
of 50% shall be charged according to the loan interest rate of the contract;

 

4.
If the borrower delays in paying any amount under the contract, in addition to paying interest according to the loan interest rate of
the contract, it shall charge 50% of the penalty interest according to the loan interest rate of the contract from the date of delayed
payment to the date of actual repayment.

 

XII.
DISPUTE RESOLUTION

 

29.
All disputes and disputes arising from or related to this contract shall be settled by both parties through negotiation. If negotiation
fails, both parties may submit them to Dongguan branch of Guangzhou Arbitration Commission for arbitration.

 

XIII.
NOTIFICATION AND DELIVERY

 

30.
In order to better perform the contract, both parties provide the following contact information:

 

    	 

    	 

    

 

Party
A’s contact information:

 

Address
: 25 / F, Fengshuo Plaza, No.22 Yuanmei Road, Nancheng District,Dongguan

Attn:WENKAI
YU Tel : 13925314444

E-mail:
datuu@139.com

 

Party
B’s contact information:

 

Address:Rm
905, Baolong plant of Anbo technology, No. 2, Baolong 4th Road,

Baolong community, Baolong street, Longgang District, Shenzhen

Attn:NAN
Du

Tel:18621083096

E-mail: nancy.du@smarten-tech.com

 

Both
parties send relevant notices to the other party on matters related to this contract through any of the above contact methods (including
e-mail), which shall be deemed as effective service and notification to the other party, regardless of whether the other party actually
refers to it or not. The above mailing address shall also serve as a valid judicial address.

 

If
a party changes its notice or mailing address, it shall notify the other party in writing within three days from the date of change;
Otherwise, the non notifying party shall bear the relevant responsibilities arising therefrom.

 

XIV.
EFFECTIVENESS OF CONTRACT

 

31.
This contract shall come into force after being signed or sealed by both parties; This contract is signed with electronic signature and
seal, and the electronic version has the same legal effect as the paper version.

 

32.
Any change to this contract shall be made by both parties through consultation and in writing. The changed terms or agreement shall form
a part of this contract and have the same legal effect as this contract. Except for the changed part. The rest of the contract is still
valid, and the original terms of the contract are still valid before the change takes effect.

 

33.
This contract is made in duplicate, with each party holding one copy.

 

Statement
of the borrower:the borrower has read all the terms and contents of this contract and its annexes in detail, and the lender has made
a detailed explanation and explanation to the borrower on all the terms and contents of this contract. The borrower fully understands
all contents of this contract. Know and acknowledge that this contract and relevant annexes under this contract, including but not limited
to letter of guarantee and receipt of loan, are signed in the form of electronic signature and have legal effect.

 

    	 

    	 

    

 

Statement
of the lender: the lender knows and acknowledges this contract and relevant annexes under this contract. Including but not limited
to letter of guarantee and promissory note, they are all signed in the form of electronic signature and have legal effect.

 

Place
of Signing: Nancheng District, Dongguan City, Guangdong Province Date : January 10, 2020

 

	Lender(stamp):	 	(WENKAI
    YU)
	 	 	 
	Legal
    representative	 	 
	or
    authorized agent (signature):	/s/
    WENKAI YU	 

 

	Borrower (stamp): SHENZHEN SMARTEN TECHNOLOGY CO.,LTD	 
	 	 	 
	Legal
    representative	 	 
	or
    authorized agent (signature):	/s/
    NAN DU	 

 

    	 

    	 

    

 

LOAN
EXTENSION AND NEW LOAN

AGREEMENT

ZQ20200709001A

 

BORROWER(Party
A) : SMARTEN TECHNOLOGY CO.,LTD

 

Registered
Address : Rm 5013,No.57 Guangda Road,Banan Community,

 

Yuanshan
Street,Longgang District,Shenzhen City

 

Legal
representative : GANG CHU

 

Unified
credit code : 914403003194288778

 

TEL
: 18601077238

 

Guarantor(Party
B): NICK NIANQING ZENG 

PASSPORT
NUMBER : GJ688025

ADD
:

TEL
: +86015801127799

 

LENDER(Party
C) :WENKAI YU

ID
No.:442000198005280217 

ADD
:

TEL
: 13925314444

 

Whereas:
Party A is unable to repay the corresponding loan of Party C on schedule, this agreement is hereby entered into by the parties through
consultation for the relevant matters related to the extension of Party A’s loan in accordance with the provisions of relevant
national laws and regulations.

 

1.
This agreement is an adjustment and supplement to the loan contract numbered JK20200110001A signed on January 10, 2020.
In addition to the contents agreed in this agreement, other terms agreed in the original loan contract are still valid. Party B is the
guarantor of the original loan contract and still guarantees this extension agreement.

 

2.
The amount of the original loan contract is RMB 300000 . As of Jul 9, 2020, party A still owes RMB 300000.

 

3.
Party A and Party C agree that the extension period is 6 months,from Jul 9, 2020 to Jan 9, 2021. After the extension, the
interest rate of the extended loan is 1.5% / month, and the interest payment date is the 10th of each month within the
loan period. The interest shall be calculated at the new interest rate from the date of extension.

 

4.
The loan under this Agreement shall be repaid in a lump sum upon maturity.

 

5.
Party B voluntarily continues to bear unlimited joint and several guarantee liability for Party A

 

    	 

    	 

    

 

6.
Settlement of disputes

 

All
disputes arising from or in connection with this Agreement shall be settled by either party through friendly negotiation. If three parties
fail to reach an agreement through negotiation, they shall bring a lawsuit to the people’s court with jurisdiction in Nancheng
District, Dongguan City, Guangdong Province, where the contract is signed, and solve it through litigation procedures.

 

7.
This agreement is made in triplicate, with each party holding one copy, which shall come into force on the date of signature and seal
of the parties

 

Place
of signing:Nancheng District, Dongguan City, Guangdong Province

 

Signing time:Jul 9,2020

 

	Party
    A:SMARTEN	 	Party
    B:NICK NIANQING ZENG
	TECHNOLOGY
    CO.,LTD	 	 
	 	 	 
	[STAMP]	 	X /s/ Nick Zeng
	 	 	 
	Party
    C:WENKAI YU	 	 
	 	 	 
	X /s/ Wenkai Yu	 	 

 

    	 

    	 

    

 

LOAN
EXTENSION AND NEW LOAN

AGREEMENT

ZQ20210109001A

 

BORROWER(Party
A) : SMARTEN TECHNOLOGY CO.,LTD

 

Registered
Address : Rm 5013,No.57 Guangda Road,Banan Community,

 

Yuanshan
Street,Longgang District,Shenzhen City

 

Legal
representative : GANG CHU

 

Unified
credit code : 914403003194288778

 

TEL
: 18601077238

 

Guarantor(Party
B): NICK NIANQING ZENG 

PASSPORT
NUMBER : GJ688025

ADD
:

TEL
: +86015801127799

 

LENDER(Party
C) :WENKAI YU

ID
No.:442000198005280217 

ADD
:

TEL
: 13925314444

 

Whereas:
Party A is unable to repay the corresponding loan of Party C on schedule, this agreement is hereby entered into by the parties through
consultation for the relevant matters related to the extension of Party A’s loan in accordance with the provisions of relevant
national laws and regulations.

 

1.
This agreement is an adjustment and supplement to the loan contract numbered JK20200110001A signed on January 10, 2020.
In addition to the contents agreed in this agreement, other terms agreed in the original loan contract are still valid. Party B is the
guarantor of the original loan contract and still guarantees this extension agreement.

 

2.
The amount of the original loan contract is RMB 300000 . As of Jan 9, 2021, party A still owes RMB 300000.

 

3.
Party A and Party C agree that the extension period is 3 months,from Jan 9, 2021 to Apr 9, 2022. After the extension, the interest
rate of the extended loan is 1.5% / month, and the interest payment date is the 10th of each month within the loan period.
The interest shall be calculated at the new interest rate from the date of extension.

 

4.
The loan under this Agreement shall be repaid in a lump sum upon maturity.

 

5.
Party B voluntarily continues to bear unlimited joint and several guarantee liability for Party A

 

    	 

    	 

    

 

6.
Settlement of disputes

 

All
disputes arising from or in connection with this Agreement shall be settled by either party through friendly negotiation. If three parties
fail to reach an agreement through negotiation, they shall bring a lawsuit to the people’s court with jurisdiction in Nancheng
District, Dongguan City, Guangdong Province, where the contract is signed, and solve it through litigation procedures.

 

7.
This agreement is made in triplicate, with each party holding one copy, which shall come into force on the date of signature and seal
of the parties

 

Place
of signing:Nancheng District, Dongguan City, Guangdong Province

 

Signing time:Jan 9,2021

 

	Party
    A:SMARTEN	 	Party
    B:NICK NIANQING ZENG TECHNOLOGY CO.,LTD
	 	 	 
	[STAMP]	 	X /s/ Nick Nianqing Zeng
	 	 	 
	Party
    C:WENKAI YU	 	 
	 	 	 
	X /s/ Wenkai Yu	 	 

 

    	 

    	 

    

 

LOAN
EXTENSION AND NEW LOAN

AGREEMENT

ZQ20210409001A

 

BORROWER
(Party A): SMARTEN TECHNOLOGY CO., LTD

 

Registered
Address: Rm 5013, No.57 Guangda Road,Banan Community,

 

Yuanshan
Street,Longgang District,Shenzhen City

 

Legal
representative:GANG CHU

 

Unified
credit code: 914403003194288778

 

TEL:18601077238

 

Guarantor(Party
B): NICK NIANQING ZENG 

PASSPORT
NUMBER: GJ688025

ADD:

TEL:
+86015801127799

 

LENDER
(Party C) :WENKAI YU

ID No.:442000198005280217 

ADD:

TEL:13925314444

 

Whereas:
Party A is unable to repay the corresponding loan of Party C on schedule, this agreement is hereby entered into by the parties through
consultation for the relevant matters related to the extension of Party A’s loan in accordance with the provisions of relevant
national laws and regulations.

 

1.
This agreement is an adjustment and supplement to the loan contract numbered JK20210109001A signed on January 9, 2021. In addition to
the contents agreed in this agreement, other terms agreed in the original loan contract are still valid. Party B is the guarantor of
the original loan contract and still guarantees this extension agreement.

 

2.
The amount of the original loan contract is RMB 300000. As of July 9, 2020, party A still owes RMB 300000.

 

3.
Party A and Party C agree that the extension period is 9 months, from Apr 10, 2021 to Jan 9, 2022. After the extension, the interest
rate of the extended loan is 1.5% per month, and the interest payment date is the 10th day of each month within the loan period. The
interest shall be calculated at the new interest rate from the date of extension.

 

4.
The loan under this Agreement shall be repaid in a lump sum upon maturity.

 

5.
Party B voluntarily continues to bear unlimited joint and several guarantee liability for Party A

 

    	 

    	 

    

 

6.
Settlement of disputes

 

All
disputes arising from or in connection with this Agreement shall be settled by either party through friendly negotiation. If three parties
fail to reach an agreement through negotiation, they shall bring a lawsuit to the people’s court with jurisdiction in Nancheng
District, Dongguan City, Guangdong Province, where the contract is signed, and solve it through litigation procedures.

 

7.
This agreement is made in triplicate, with each party holding one copy, which shall come into force on the date of signature and seal
of the parties

 

Place
of signing: Nancheng District, Dongguan City, Guangdong Province

 

Signing time:2021.4.9

 

	Party
    A: SMARTEN	Party
    B: NICK NIANQING ZENG 
	TECHNOLOGY
    CO., LTD	 
	 	 
	(stamp)	/s/
    Nick Zeng
	 	 
	Party
    C: WENKAI YU	 
	 	 
	/s/
    Wenkai Yu	 

 

    	 

    	 

    

 

LOAN
EXTENSION AND NEW LOAN

AGREEMENT

ZQ20211230001A

 

BORROWER
(Party A): SMARTEN TECHNOLOGY CO., LTD

 

Registered
Address: Rm 5013, No.57 Guangda Road,Banan Community,

 

Yuanshan
Street,Longgang District,Shenzhen City

 

Legal
representative:RUI ZHU

 

Unified
credit code: 914403003194288778

 

TEL:

 

Guarantor(Party
B): NICK NIANQING ZENG 

PASSPORT
NUMBER: GJ688025

ADD:

TEL:
+86015801127799

 

LENDER
(Party C) :WENKAI YU 

ID
No.:442000198005280217

ADD:

TEL:13925314444

 

Whereas:
Party A is unable to repay the corresponding loan of Party C on schedule, this agreement is hereby entered into by the parties through
consultation for the relevant matters related to the extension of Party A’s loan in accordance with the provisions of relevant
national laws and regulations.

 

1.
This agreement is an adjustment and supplement to the loan contract numbered JK20200110001A signed on January 10, 2020. In addition to
the contents agreed in this agreement, other terms agreed in the original loan contract are still valid. Party B is the guarantor of
the original loan contract and still guarantees this extension agreement.

 

2.
The amount of the original loan contract is RMB 300000. As of January 9, 2022, party A still owes RMB 300000 , and signed the loan extension
contract on July 9, 2020, January 9, 2021 and April 9, 2021 respectively.

 

3.
Party A and Party C agree that the extension period is 6 months, from January 10, 2022 to July 9, 2022. After the extension, the interest
rate of the extended loan is 1.5% / month, and the interest payment date is the 10th day of each month within the loan period. The interest
shall be calculated at the new interest rate from the date of extension.

 

4.
In this agreement, Party A lend RMB 150000from Party C for a period of 6 months from January 10, 2022 to July 9, 2022. After the new
loan, the total amount lent by Party A to Party C is RMB 450000, and the interest and interest rate payment time shall still be in
accordance with the terms of the original loan contract.

 

    	 

    	 

    

 

5.
The loan under this Agreement shall be repaid in a lump sum upon maturity.

 

6.
Party B voluntarily continues to bear unlimited joint and several guarantee liability for Party A

 

7.
Settlement of disputes

 

All
disputes arising from or in connection with this Agreement shall be settled by either party through friendly negotiation. If three parties
fail to reach an agreement through negotiation, they shall bring a lawsuit to the people’s court with jurisdiction in Nancheng
District, Dongguan City, Guangdong Province, where the contract is signed, and solve it through litigation procedures.

 

8.
This agreement is made in triplicate, with each party holding one copy, which shall come into force on the date of signature and seal
of the parties

 

Place
of signing: Nancheng District, Dongguan City, Guangdong Province Signing time:2021.12.30

 

	Party
    A: SMARTEN 	Party
    B: NICK NIANQING ZENG 
	TECHNOLOGY
    CO.,LTD	 
	 	 
	/s/
    (stamp)	/s/
    Nick Zeng
	 	 
	Party
    C: WENKAI YU	 
	 	 
	/s/
    Wenkai Yu	 

 

    	 

     

    

 

LOAN
EXTENSION AGREEMENT

ZQ202207080001A

 

BORROWER(Party
A) : SMARTEN TECHNOLOGY CO.,LTD

 

Registered
Address : Rm 3024,Blg 2,Huanggekeng Community,Long cheng Street,Longgang District,Shenzhen City

 

Legal
representative: RUI ZHU

 

Unified
credit code : 914403003194288778

 

TEL:
13928426644

 

Guarantor(Party
B): NICK NIANQING ZENG 

PASSPORT NUMBER: GJ688025

ADD:

TEL:
+86015801127799

 

LENDER(Party
C) :WENKAI YU 

ID No.:442000198005280217 ADD:

TEL:
13925314444

 

Whereas:
Party A is unable to repay the corresponding loan of Party C on schedule, this agreement is hereby entered into by the parties through
consultation for the relevant matters related to the extension of Party A’s loan in accordance with the provisions of relevant
national laws and regulations.

 

1.
This agreement is an adjustment and supplement to the “LOAN EXTENSION AND NEW LOAN AGREEMENT” numbered ZQ20211230001A
signed on Dec 30, 2021. In addition to the contents agreed in this agreement, other terms agreed in the original loan contract are
still valid. Party B is the guarantor of the original loan contract and still guarantees this extension agreement.

 

2.
The amount of the original loan contract is RMB 450,000. As of Jul 9, 2022, party A still owes RMB 450,000.

 

3.
Party A and Party C agree that the extension period is 12 months, from Jul 9, 2022 to Jul 8, 2023. After the extension, the interest
rate of the extended loan is 1.5% / month, and the interest payment date is the day 30th of each month within the loan period. The interest
shall be calculated at the new interest rate from the date of extension.

 

    	 

     

    

 

4.
The loan under this Agreement shall be repaid in a lump sum upon maturity.

 

5.
Party B voluntarily continues to bear unlimited joint and several guarantee liability for Party A

 

6.
Settlement of disputes All disputes arising from or in connection with this Agreement shall be settled by either party through
friendly negotiation. If three parties fail to reach an agreement through negotiation, they shall bring a lawsuit to the
people’s court with jurisdiction in Nancheng District, Dongguan City, Guangdong Province, where the contract is signed, and
solve it through litigation procedures.

 

7.
This agreement is made in triplicate, with each party holding one copy, which shall come into force on the date of signature and seal
of the parties

 

Place
of signing:Nancheng District, Dongguan City, Guangdong Province Signing time:2022.07.09

 

 

	Party
    A:	SMARTEN
    TECHNOLOGY CO.,LTD (stamp)	 	Party
    B:	NICK
NIANQING ZENG 
	 	 	 	 	 
	 	/s/
    Rui Zhu	 	 	/s/
    Nick Zeng
	 	 	 	 	 
	Party
    C:	WENKAI
    YU	 	 	 
	 	 	 	 	 
	 	/s/
    Wenkai YuExhibit
10.12

 

LOAN
AGREEMENT

 

Borrower(Party
A): SMARTEN TECHNOLOGY CO.,LTD

 

Lender
(Party B) : ZHONGNIAN TECHNOLOGY(BEIJING)CO.,LTD

 

Party
A and B agree to borrow money on the principle of equality, voluntariness and honesty.This loan agreement is specially concluded for
both parties to abide by.

 

I.
Loan amount, loan interest rate and term

 

Both
parties agreed through negotiation that Party B shall lend a total of RMB 300000 (say total:RMB Three Hundred Thousand Yuan Only. ) to
Party A in cash.

 

Loan
interest rate 20%

 

The
loan term of this agreement is from January 15, 2020 to July 14, 2020.(if Party B fails to pay the loan to Party A before January 15,
2020, the starting date of the loan term shall be calculated according to the actual payment date of Party B)

 

II.
Usage of loan

 

Party
A will use the borrowed funds to supplement working capital.

 

Party
A’s account information:

 

Beneficiary
bank: Longxiang Sub Branch,Shenzhen,Agricultural Bank of China

 

Beneficiary
name: SMARTEN TECHNOLOGY CO.,LTD

 

Beneficiary
account No. : 41024200040023259

 

III.
Repayment method

 

1.
After consensus, both parties choose the following repayment methods: Upon expiration of the loan term in this agreement, Party A will
repay the loan in a lump sum.

 

2.
Party B designates the following bank accounts as receiving accounts and guarantees that they are true and valid. Within seven working
days be-fore the expiration of the loan period, Party A will remit the loan under this agreement to the account.

 

Beneficiary
bank: Oriental Plaza Sub-branch,Beijing,China Merchants Bank

 

Beneficiary
name: ZHONGNIAN TECHNOLOGY(BEIJING)CO.,LTD

 

Beneficiary
account No.: 110940132010901

 

    	Page 1 of 7

     

    

 

3.
In case of prepayment, Party A shall notify Party B one working day in ad- vance.

 

IV.
Party A’s guarantees

 

Repayment
date: before July 14, 2020

 

Repayment
amount: RMB 330,000 yuan (say total:RMB Three Hundred and Thirty thousand yuan).

 

300,000+(300,000*20%)/2=330,000

 

1.
Party A is a company established in accordance with the laws of the peo- ple’s Republic of China, has the capacity for civil rights
and conduct neces- sary for signing and performing this agreement, and can independently bear civil liabilities.

 

2.
All documents and statements related to the loan provided by Party A are legal, true, accurate and complete.

 

3.
Party A guarantees that this loan agreement will not become invalid due to the change of the legal representative or the company’s
shareholders, will not be subject to any fraud, and is an irrevocable, irrevocable and unconditional guarantee to be cashed on demand
certificate with permanent legal effect. Af- ter the maturity of the borrowed funds, if Party B fails to fulfill its commitment, maliciously
evades or deliberately delays the repayment, it is willing to accept the following treatment: Party B can directly bring a lawsuit to
the court to re- cover from our company by virtue of this loan agreement, and we uncondi- tionally waive all defenses and counterclaims.
Party B may freeze the bank account of our company according to law by virtue of this loan agreement; The loan agreement is converted
into an IOU owed by us to Party B; Recover the cashed amount and charge interest according to the loan interest rate; All expenses incurred
during the recourse period shall be borne by our company.

 

    	Page 2 of 7

     

    

 

V.
Party A’s Obligations

 

1.
Party A shall pay off the loan principal in accordance with the agreement.

 

2.
During the loan period, in case of any major change in Party A’s business decision (including but not limited to share conversion,
reorganization, merger, division, joint venture, cooperation, change of business scope and registered capital, etc.) that may affect
Party B’s rights and interests, Party A shall notify Party B in writing at least seven working days in advance, and implement the
loan repayment responsibility or pay off in advance.

 

3.
Without the written consent of Party B, Party A shall not transfer or disguise the debt liability of this agreement in any way.

 

4.
In case of major events affecting Party A’s ability to perform the agreement, including but not limited to major economic disputes,
suspension of business, closure of business, declaration of bankruptcy, dissolution, revocation of business license, revocation, deterioration
of financial situation, etc., Party A shall immediately notify Party B in writing.

 

5.
During the loan period, if Party A changes the legal person’s name, legal representative, domicile, telephone, fax, etc., Party
A shall notify Party B in writing within seven working days after the change.

 

VI.
Party B’s obligations

 

1.
Party B shall lend funds to Party A in full and on time in accordance with the agreement.

 

2.
Party B shall keep confidential the business secrets of Party A and the ma- terials, data and other information required to be kept confidential
by Party A in the process of negotiation, conclusion and performance of this agreement.

 

VII.
liability for breach of contract

 

1.
After this agreement takes effect, if Party A fails to perform its obligations in accordance with the agreement, it shall bear the corresponding
liability for breach of contract. Party A shall be responsible for the relevant taxes (value-added tax, enterprise income tax, surtax,
etc.) incurred by Party B due to Par- ty A’s failure to repay the loan on schedule.

 

    	Page 3 of 7

     

    

 

2.
In case of any of the following circumstances, Party B shall have the right to require Party A to repay the loan and other expenses immediately,
and the date on which Party B requires Party A to repay the above amount shall be the date of expiration of the loan term of this agreement.

 

(1)
Party A fails to repay the loan on schedule and fails to repay it after being urged by Party B;

 

(2)
Party A’s business is closed, declared bankrupt, dissolved, its business license is revoked, revoked, involving major economic
disputes, deterioration of financial situation, etc;

 

(3)
Party A has a major event that endangers, damages or may endanger or damage Party B’s rights and interests.

 

This
agreement is made in duplicate, with each party holding one copy. It will come into force after signing and sealing. Other matters not
covered shall be decided by both parties through negotiation.

 

	Party A: SMARTEN
  TECHNOLOGY CO.,LTD 	(STAMP)
	Unified social credit code:	 
	914403003194288778 Legal person (or agent)	 
	signature: /s/ NAN DU	 
	Address:	 
	Tel:	 
	 	 
	Party B: ZHONGNIAN TECHNOLOGY(BEIJING)CO.,LTD	 
	Unified social credit code:	 
	Legal person (or agent) signature:
  /s/ NIANXU ZENG	 
	Address:	 
	Tel:	 
	(STAMP)	 

 

    	Page 4 of 7

     

    

 

LOAN
EXTENSION AGREEMENT

 

Borrower(Party
A): SMARTEN TECHNOLOGY CO.,LTD

 

Lender
(Party B) : ZHONGNIAN TECHNOLOGY (BEIJING) CO.,LTD

 

1.
This agreement is the deferred repayment agreement of the loan agreement signed on January 15, 2020.

 

2.
Party A uses the loan as the purpose agreed, and plan to sign this agreement due to unable to repaid on time.

 

3.
Reasons for extension

 

Due
to the impact of the epidemic, Party A has difficulty in working capital and cannot repay the loan on schedule.

 

4.
The original loan amount and the original loan interest rate

 

Original loan amount: RMB 300,000.00 Interest rate: 20% annually

 

5.
Amount of loan to be extended and interest rate

 

Amount of deferred: RMB 330,000.00

 

Interest rate: 20% annually

 

6.
Total payment amount when extension due: RMB363,300

 

330,000+(330,000*20%)/2=363,300

 

7.
Original loan period: from January 15, 2020 to July 14, 2020

 

8.
Extension period: from July 15, 2020 to January 14, 2021

 

9.
During the extension period, Party A shall take the initiative to repay the arrears. If Party A fails to repay the arrears on time, both
parties will negotiate the further solution.

 

10.
This agreement is made in duplicate, with each party holding one copy. It will come into force after being signed and sealed by both
parties. Other matters not covered herein shall be decided by both parties through negotiation.

 

	Party
    A:SMARTEN TECHNOLOGY CO.,LTD	(STAMP)
	Unified
    social credit code: 914403003194288778	 
	Legal
person (or agent) signature:/s/ NAN DU	 
	Address:	 
	Tel:	 

 

	Party
    B:ZHONGNIAN TECHNOLOGY(BEIJING)CO.,LTD	(STAMP)
	Unified
    social credit code:	 
	Legal
    person (or agent) signature: /s/	 
	Address:	 
	Tel:	 

 

    	Page 5 of 7

     

    

 

Debt
Extension Agreement

 

PARTY
A : SMARTEN TECHNOLOGY CO.,LTD

 

ADD
: Rm 5013,No.57 Guangda Road,Banan Community,Yuanshan Street,Longgang District,Shenzhen City

 

	Unified
    social credit code:	914403003194288778

 

PARTY
B : Nianxu Zeng

 

1.
This agreement is the deferred repayment agreement of the debt assignment agreement signed on December 31, 2020.

 

2.
Reasons for extension

 

Due
to the impact of the epidemic, Party A has difficulty in working capital and cannot repay the loan on schedule.

 

3.
The original loan amount and the original loan interest rate

 

Original
outstanding amount: RMB687,486.34

 

Include
the principal amount: RMB600,000.00

 

Accrued
Interest: RMB87,486.34

 

4.
Amount of loan to be extended, period and interest rate

 

Amount
of deferred arrears: 687,486.34

 

Interest
rate of deferred arrears: 20% annually

 

5.
Extension period: 2021.01.01-2021.6.30

 

6.
Total payment amount when extension due: RMB755,669.92

 

7.
During the extension period, Party A can repay all or part of the arrears in advance according to the actual situation, and the part
repaid in advance will not pay interest.

 

8.
During the extension period, Party A shall take the initiative to repay the arrears. If Party A fails to repay the arrears on time, Party
B requires Party A to bear the liability for breach of contract within the scope of the principal and interest of Party A’s outstanding
creditor’s rights.

 

9.
This agreement is made in duplicate, with each party holding one copy.

 

It
will come into force after being signed and sealed by both parties. Other matters not covered herein shall be decided by both parties
through negotiation.

 

	PARTY
    A : SMARTEN	PARTY
    B : Nianxu Zeng
	TECHNOLOGY
    CO.,LTD	 
	 	 
	(stamp)
    /s/	/s/
    Nianxu Zeng
	2020.12.31	2020.12.31

 

    	Page 6 of 7

     

    

 

DEBT
ASSIGNMENT AGREEMENT

 

Party
A (transferor): ZHONGNIAN TECHNOLOGY (BEIJING) CO.,LTD

Party
B (transferee): ZENG NIANXU

Party
C (debtor): SMARTEN TECHNOLOGY CO.,LTD

 

In
order to properly resolve the debt issue, Party A, Party B and Party C, through friendly negotiation, have reached the following agreement
on assignment of creditor’s rights in accordance with the law, and shall abide by all parties:

 

1.
Party A, Party B and Party C agreed and confirmed: As of December 31, 2020, Party C has borrowed from Party A with a total principal
and interest of RMB 687,486.34. Interest will be calculated based on the original contract interest rate from January 1, 2021.

 

2.
Both Party A and Party B agree that from January 1, 2021, Party A will have a total of RMB 687,486.34 of the creditor’s rights
to Party C and transfer all subsequent interests to Party B, and Party B will directly claim the creditor’s rights against Party
C according to this agreement.

 

3.
Representations, warranties, and commitments:

 

1.
Party A undertakes and guarantees that: it has the right to implement the transfer of creditor’s rights under this agreement and
can independently assume civil liability; the creditor’s rights transferred are legal and valid creditor’s rights.

 

2.
Party B undertakes and guarantees that: it has the right to accept the assignment of the creditor’s rights under this agreement
and can independently assume civil liability; the assignment of the creditor’s rights under this agreement is a voluntary act.

 

3.
Party C undertakes and guarantees that it is legally established and validly existing; that it is voluntary and capable of repaying the
above-mentioned debts to Party B in accordance with this agreement.

 

4.
After this agreement takes effect, Party B shall not claim any more claims against Party A.

 

5.
If this agreement is invalid or revoked, Party A will continue to perform its obligations in accordance with the original contract and
other legal documents.

 

6.
All parties agree that if one party violates its representations, warranties, commitments or any other obligations in this agreement,
causing the other party to suffer or suffer damages, losses, claims, etc., the breaching party shall make full compensation from the
other party.

 

7.
This agreement will take effect after being signed by the three parties and stamped by both parties A and C.

 

8.
Matters not covered in this agreement shall be handled in accordance with relevant national laws, regulations and rules.

 

9.
This agreement is made in triplicate, each party A, B and C hold one copy, which has the same legal effect.

 

	Party
    A: (stamp) /s/	 
	Party
    B: /s/ Nianxu Zeng	 
	Party
    C: (Stamp) /s/	 

 

    	Page 7 of 7

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