Document:

Exhibit 10.25

 

Contract No.: Lv Jin Jie Zi No. L20220607

 

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.

 

	 	 

 

    	 	2	 

     

    

 

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.

 

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.

 

	 	 

 

    	 	3	 

     

    

 

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.

 

	 	 

 

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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.

 

(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.

 

	 	 

 

    	 	5	 

     

    

 

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.

 

	 	 

 

    	 	6	 

     

    

 

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

 

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. 13075988653

 

(2) Fax                                 /                                
(3) Email                                 /                                

 

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

 

Legal Representative: Shi
Yunfei Authorized Agent: Teng 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. 87711506

 

(2) Fax                                 /                                
(3) Email                                 /                                

 

Article 8 Lender
agrees to release the following loan to borrower

 

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

 

II. Purpose of Loan: Operating
turnover.

 

III. Period of Loan: June 9,
2022 – June 8, 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.

 

	 	 

 

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(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)     /     (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.

 

(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 release) plus     /     (plus/minus)     /     (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.

 

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.

 

	 	 

 

    	 	8	 

     

    

 

(II) Settle interest
on a monthly (monthly/quarterly/annual) basis, and return principal of loan based on the fund withdrawal situation of Medical Device
Management Service Contract renewed for the hospital-wide unified service project (bid no.: ZDZB2016-123) and Fujian Governmental Purchase
Contract renewed for medical device maintenance and service project (bid no.: [350213]XH[GK]2019021-1). 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 uses the account
(name: Fuzhou Yukai Trading Co., Ltd., account no.: 9010210020010000172859, opening bank: Business Department of Rural Commercial
Bank of Fuzhou) as the settlement account for payment of loan and repayment of principal and interest.

 

II. Borrower must establish
a special fund withdrawal account, account name: Fuzhou Yukai Trading Co., Ltd., account no.: 9010210020010000173043, 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 Medical Device Management Service Contract renewed for the
hospital-wide unified service project (bid no.: ZDZB2016-123) and Fujian Governmental Purchase Contract renewed for medical device maintenance
and service project (bid no.: [350213]XH[GK]2019021-1) shall be settled through the said account. 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.

 

	 	 

 

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

 

II. See     \     for guarantee
for loan hereunder.

 

Article 12 Co-borrower

 

Co-borrower voluntarily undertakes
the repayment responsibilities of debts under this contract and all expenses incurred by lender in realizing creditor's rights together
with borrower, and promises to perform all obligations and responsibilities of borrower agreed in this contract. Lender has the right
to require any co-borrower to perform all debts under this contract and bear relevant expenses.

 

Article 13 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 14
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.

 

	
    Borrower (Signature/Seal):

    Legal Representative:

    Authorized Agent:
	 	Co-borrower (Signature/Seal):	 
	Co-borrower (Signature/Seal):	 	
    Lender (Signature/Seal):

    Legal Representative:

    Authorized Agent:
	 

 

	 	 

 

Date of Signing: June 8,
2022

 

Place of Signing: Rural
Commercial Bank of Fuzhou, Fujian

 

    	 	10Exhibit 10.27

 

Factoring Contract for Government Purchase

(Factoring with Recourse)

 

(Contract No.: LJSZBL202240)

 

     

     

    

 

Transferee of Accounts Receivable:
Lvjin (Shenzhen) Commercial Factoring Co., Ltd. (hereinafter referred to as Party A)

 

Legal Representative: Yongzhi
Zhang

 

Unified Social Credit Code:

 

Correspondence Address: F/3,
Financial Building, No.106, Guangda Road, Fuzhou City

 

Transferor of Accounts Receivable:
Fuzhou Yukai Trading Co., Ltd. (hereinafter referred to as Party B)

 

Legal Representative: Zhenyu
Zheng

 

Unified Social Credit Code:

 

Correspondence
Address: Room 909, Room 910 and Room 911, Xinya Building, No.121, Dongjie Sub-district, Gulou District, Fuzhou
City

 

Information elements of accounts
receivable for commercial contracts:

 

I. Project No.: [350181] CH
[GK] 2020002

 

II. Project Name: procurement
projects of Medical equipment repair and maintenance service

 

III. Subject of the Contract

 

Buyer: Fuqing Maternity and
Children’s Hospital

 

Address:Furen Road, Fuqing
City

 

Tel:

 

Supplier: Fuzhou Yukai Trading
Co., Ltd.

 

Address: Room 909, Room 910
and Room 911, Xinya Building, No.121, Dongjie Sub-district, Gulou District, Fuzhou City

 

Tel:

 

Total contract price: 4,500,000.00

 

Based
upon business needs, Party B intends to transfer its creditor’s rights of accounts receivable under the government procurement contract
of Medical equipment repair and maintenance service (project No.: [350181] CH [GK] 2020002) of medical devices in business contract
to Party A, and Party A shall pay the financing amount agreed with Party B to accept the creditor’s rights. The Contract has been
reached and concluded by and between Party A and Party B through consultation for mutual compliance.

 

     

     

    

 

Article
1        Definitions

 

For the purpose of the Contract,
unless otherwise expressly specified herein, the following terms shall have the meaning ascribed below:

 

(I) Transferee of accounts
receivable: The transferee of creditor’s rights of accounts receivable.

 

(II) Transferor of accounts
receivable: The seller/supplier/service provider of commercial contract and the transferor of creditor’s rights of accounts receivable.

 

(III) Buyer: The Party
who purchases Party B’s goods, services or uses Party B’s facilities in the commercial contract relationship with Party B
and assumes the obligation to pay the price.

 

(IV) Business
contract: refers to the transaction contract signed between Party B as the Seller/Service Provider and the Purchaser for the purpose
of commodity and/or service transaction with the settlement method of selling on credit.

 

(V) Creditor’s rights
of accounts receivable (referred to as “accounts receivable” for short): The right of Party B to demand payment from the buyer
because of the provision of goods, services or facilities, including the existing and future monetary creditor’s rights as well
as the income incurred therefrom, including, without limitation, the principal (principal creditor’s rights), interest, liquidated
damages and damages of accounts receivable, as well as security rights, insurance rights and other subordinate claims of all principal
claims as well as other rights and interests associated with the principal claims, including payment claims incurred by bills or other
securities.

 

(VI) Transfer of accounts
receivable: The act of Party B transferring accounts receivable to Party A in accordance with the provisions of the Contract. In any case,
the transfer of accounts receivable shall not be interpreted as Party A’s undertaking of any obligations or responsibilities under
the commercial contract by and between Party B and the buyer.

 

(VII) Factoring business:
A comprehensive financial service that integrates financing of accounts receivable, management of accounts receivable and collection of
accounts receivable on the premise that Party B transfers its accounts receivable. The “factoring business” mentioned herein
refers to the single factoring business of domestic hidden sellers with recourse.

 

     

     

    

 

(VIII) Factoring with
recourse: It means that when the accounts receivable cannot be recovered from the buyer due, Party A requires Party B to repurchase the
accounts receivable and return the factoring financing. Factoring with recourse is also called “repurchase factoring”.

 

(IX) Dispute: “Dispute”
herein refers to that accounts receivable are defective, including, without limitation, the following: the buyer refuses to accept goods/services
or invoices for any reason; or the buyer raises a defense, counter-recourse or offset against the accounts receivable for any reason;
or the buyer fails to pay the accounts receivable in full and on time for any reason; or the third party lodges any claim to the accounts
receivable.

 

Article 2         Transfer
of Creditor’s Rights of Accounts Receivable

 

(I) The
amount of creditor’s rights of accounts receivable transferred by Party B to Party A is RMB (in words) one Million Thousand
only (in figures: RMB 1,000,000.00).

 

(II) Party B shall pay
the amount for use of factoring financing to Party A’s account. The interest annual rate of factoring financing is 7%, and
the financing period is 12 months, counting from May 13, 2022 to May 12, 2023.

 

(III) Repayment method:
Party B shall pay the amount for use of financing, i.e., interest, to the interest-bearing account specified by Party A prior to the 20th
of each month during the financing period. When making repayment, the interest owed shall be settled first before returning the principal.
After the returned payment of the government purchase contract, Party B shall transfer the returned payment to the account specified by
Party A to repay the principal owed. In the event that the deduction is delayed due to the system of the cooperative bank, the expenses
incurred thereby shall be for the account of Party B.

 

(IV) Party B shall open
a special corporate account as a special factoring account in the cooperative bank specified by Party A, and fully go through relevant
formalities in line with the requirements of the bank.

 

     

     

    

 

Party A’s account information:

 

Account Name: Lvjin (Shenzhen)
Commercial Factoring Co., Ltd.

 

Account No.:

 

Opening Bank: Fuzhou Chengdong
Sub-branch of China Construction Bank Corporation

 

Party B’s Account information:

 

Account Name: Fuzhou Yukai
Trading Co., Ltd.

 

Beneficiary Account No.:

 

Repayment Account No.:

 

Opening Bank: Fuzhou Liuyi
Sub-branch of China Construction Bank Corporation

 

Party A shall pay the factoring
financing funds to Party B through the collection account, and Party B shall make payment to Party A through the repayment account.

 

Article 3        Price
of Equity Transfer

 

After the Contract is signed,
Party B provides Party A with the materials (copies of the contract for debtor-creditor relationship, etc.) to prove the creditor’s
rights of accounts receivable and Party A pays the transferred amount mentioned above, it will be deemed that the creditor’s rights
of accounts receivable have been transferred.

 

Before transferring the accounts
receivable to Party A, Party B shall furnish Party B with the full performance capability of the commercial contract and submit the certificate
in compliance with the requirements of Party A. To prove that Party B is the eligible winning bidder.

 

Article 4       Right
of Recourse

 

Under the Contract, where the
debtor (buyer/payer/government party) of accounts receivable of the commercial contract fails to make payment as agreed, Party B shall
assist and cooperate with Party A in claiming rights and undertake corresponding responsibilities in accordance with the law; Party A
shall also be entitled to directly exercise the right of recourse to Party B.

 

     

     

    

 

Article 5        Undertakings
and Warranties

 

The Parties jointly acknowledge
that, in accordance with the laws of the People’s Republic of China, Party A and Party B are both legal civil subjects, and are
capable for civil rights and civil conduct to sign and fulfill the Contract.

 

With a view to guarantee the
full fulfillment of the Contract, the Parties hereby make the following commitments and warranties:

 

(I) The transfer of accounts
receivable hereunder to Party A has been authorized by the board of shareholders and is not in violation of the provisions of the Articles
of Association.

 

(II) The information disclosed
to Party A as well as all documents, bills and materials furnished are complete, true, legal and valid.

 

(III) Accounts receivable
are under a real trade background, and Party B does not sell goods to the buyer by trial sale, proxy sale, consignment or other similar
methods. In the future, Party B shall fulfill its principal obligations such as delivery in accordance with the provisions of the commercial
contract, and submit the certificate meeting the requirements of Party A.

 

(IV) Party
B undertakes that the transferred accounts receivable are true, legal and effective, free of any defects or restrictions on the exercise
of rights by Party A; Party B has not mortgaged, pledged, sealed up, frozen or set any other preferential rights and interest to
the accounts receivable, and has not transferred the accounts to others.

 

(V) Party B undertakes
that the transferred accounts receivable have not been offset, counterclaimed, compensated for damages, retained or written off with the
buyer, and the transfer to a third party is prohibited or restricted; after the accounts receivable are transferred, without the written
consent of Party A, no other agreement shall be made on the amount, payer, payment term, payment path or other matters that directly influence
Party A’s right to collect the accounts.

 

(VI) Party B promises
to pay back the returned payment of the financing project to the specified supervision account strictly in accordance with the Contract.
Where the buyer fails to remit the project fund to the specified account, Party B shall voluntarily return it to Party A within 5 working
days.

 

     

     

    

 

(VII) There are no outstanding
disputes and debtor-creditor disputes between Party B and the buyer.

 

(VIII) After Party B promises,
warrants and agrees to the transfer of the accounts receivable, Party A enjoys full rights to the accounts receivable, including, without
limitation, rights and interests of the interest, liquidated damages, damages, security, the right to re-transfer and the ownership of
the property returned by the buyer.

 

(IX) If it is found that
the buyer cancels the cooperation with Party B for any reason, or the financial situation deteriorates, or the merger, division, reorganization,
or seizure of property occurs, which will seriously influence the returned collection of accounts receivable, Party B shall notify Party
A in written form within five working days from the date of cancellation of the project announced by Fujian Provincial Government Purchase
Network, and return all the amount within 20 working days.

 

(X) Party B warrants to
give full cooperation to Party A when Party A takes payment measures.

 

(XI) If there is any change
in any of the above commitments and warranties, Party B shall be obliged to inform Party A of the above changes in the shortest time.

 

(XII) Party A shall pay
the factoring financing amount to Party B on time and in full as provided herein.

 

(XIII) Party A shall be
entitled to register the future accounts receivable between Party B and the buyer in the unified registration and publicity system for
financing of movable property of the People’s Bank of China.

 

(XIV) Party B promises
to actively cooperate with Party A’s post-investment inspection after the factoring financing funds are released, and present corresponding
vouchers for Party A to verify relevant information.

 

     

     

    

 

Article 6        Confidentiality
Provisions

 

Without the consent of the
other Party, Party A and Party B shall not disclose to any third party the trade secrets of the other Party acquired from the other Party
during or for the fulfillment of the Contract. Unless required by the lawyers, accountants, auditors and appraisers hired by the Parties
or in accordance with the laws, regulations and rules as well as the requirements of competent departments.

 

Article 7        Liability
for Breach of the Contract

 

Any of the following events
shall constitute or be deemed as Party B’s breach of contract:

 

(I) Party B violates any
item in Article 5 “Commitments and Warranties”.

 

(II) Party B fails to
fulfill its repayment obligations in a prompt manner as prescribed herein.

 

(III) Party B colludes
with the buyer maliciously, which prejudices the legitimate rights and interests of Party A.

 

(IV) Party B commits fraud
or other acts in violation of the principles of good faith, equality and mutual benefit, which prejudices the legitimate rights and interests
of Party A.

 

(V) If the project fund
is not paid back to the specified supervision account and Party B fails to return the amount to Party A within the specified time, it
will be deemed as Party B’s breach of contract.

 

(VI) Where Party B fails
to repay all the amount to Party A within 20 working days due to the cancellation of the project, it will be deemed as Party B’s
breach of contract.

 

(VII) In the event that
Party B breaches the Contract or fails to make any payment hereunder, Party B shall pay liquidated damages to Party A at 0.5 ‰/day
for each day of breach/delay.

 

Article 8        Breach
of the Contract

 

After Party B breaches the
Contract, Party A shall be entitled to take any one or more of the following measures depending on the seriousness of Party B’s
breach of contract:

 

(I) Party A may require
Party B to correct the aforesaid breach within a time limit.

 

(II) Party A may request
Party B to compensate Party A for the losses incurred by Party B's breach of contract.

 

     

     

    

 

(III) Losses due to breach
of contract include, without limitation, late payment fees, liquidated damages, damages, fees for protecting the rights of the transferee
(including, without limitation, litigation fees, execution fees, attorney fees, travel expenses, transfer taxes and fees to be paid to
the court in accordance with the law, as well as all fees advanced by the transferee due to identification, announcement, inspection,
translation, evaluation, auction, sale, storage, etc.), as well as the losses and all other expenses caused to the transferee due
to the breach of contract by the transferer or the invalidation, cancellation or alteration of the master contract.

 

Article 9       Dispute

 

In the case of any dispute
arising from the performance of the Contract between Party A and Party B, the Parties shall solve it through consultation. If no agreement
can be reached, either Party shall be entitled to file a lawsuit with a people’s court at the place where Party A is situated.

 

The Contract shall take effect as of the date
of signature and seal by the Parties hereto. The Contract is made in duplicate, with each Party holding one copy and each copy being equally
authentic.

 

Article 10     Notice

 

(I) Either Party A or
Party B’s notice of the Contract to the other Party can be served to the other Party in written form (including, without limitation,
faxes, letters as well as other written documents) based on the address and agent stated herein. If it is a fax, it will be deemed served
when it reaches the other Party; if it is a letter, it will be served on the third day from the posting date.

 

(II) The notice sent by
Party A to Party B can also be served by means of telephone, SMS and email.

 

(III) If the domicile
and telephone number recorded herein are changed during the fulfillment of the Contract, the changing Party shall notify the other Party
in a timely manner.

 

     

     

    

 

Article 11     Special
factoring account for managing the transfer of account funds and reserved seal

 

At the request of Party A’s
company on the supervision of Party B’s factoring account, Party B shall go through the formalities of products associated with
the supervision of the contracted account at the bank specified by Party A within seven days after the signing of the factoring contract
(for details of products, please refer to the attached list of products specified by bank supervision of China Construction Bank Corporation).

 

The Contract was signed on
May 13, 2022

 

(The following is the signature
and seal page of Factoring Contract for Government Purchase without text)

 

	Party
    A: (official seal)		 	Party
    B: (official seal)	
	 	 	 	 	 
	Authorized Signatory (signature and seal):	 	Authorized Signatory (signature and seal): Zhenyu Zheng
	 	 	 	 

 

	 	Date of Signing: May 13,
    2022
	 	 
	 	Place of Signing: F/3, No.106, Guangda
    Road, Taijiang District, Fuzhou City

 

     

     

    

 

Appendix

 

List of Products Regulated by Bank Supervision
of China Construction Bank Corporation

 

	No.	Process

 Attribution	Customer

 Company	Contracting

 Products	Business

 Functions	Formalities	Materials Required
	1	Pre-lending	Open an account, sign a contract for Yihutong products, sign the Power of Attorney of Consent to Supervision, and sign the Power of Attorney of Consent to Agent Collection	Yihutong	Open a master account (-0001) for receiving loan principal and paying interest; open a sub-account (-0002) for receiving government funds and repaying principal	It is suggested to sign a contract for Yihutong products as well as the Power of Attorney for agent collection and supervision when opening an account for government purchase customers, so that the banking formalities for government purchase customers can be completed in one step (special note: the above formalities only need to be completed independently by government purchase customers, and the relevant vouchers shall be submitted to the factoring company upon the completion).	1. Application form for comprehensive public services (version furnished by the bank); 2. Basic information such as business license; 3. Power of Attorney of Consent to Supervision (version furnished by the bank); 4. Power of Attorney of Consent to Agent Collection (version furnished by the bank).
	2	Mid-lending	Collection	Yihutong	Receive the principal from the master account (-0001 account) by signing a contract for the Yihutong account.	/	/
	Interest payment	Sign the Power of Attorney of Consent to Agent Collection	Customers do not have to pay interest manually on the basis of agent collection with authorization.	It is required to prepare sufficient funds in the master account (-0001) before the date of interest payment.	/
	3	Post-lending	Under supervision	Sign the Power of Attorney of Consent to Supervision 	Customers lose control and operation right of funds on the basis of supervision with authorization.	 	/
	Receive government returned payments	Sign the Power of Attorney of Consent to Agent Collection	Customers do not have to repay the principal manually on the basis of agent collection with authorization.	 	/

 

The actual operation of China
Construction Bank shall prevail.

 

     

     

    

 

Guarantee Contract

 

Party A (Guarantor): Zhenyu Zheng

 

Contact Address: No.88, Jiaotong Road, Taijiang
District, Fuzhou City, Fujian Province

 

ID Card No.:

 

Mobile:

 

Party B (Guarantee): Lvjin (Shenzhen) Commercial
Factoring Co., Ltd.

 

Address:     F/3,
Financial Building, No.106, Guangda Road, Fuzhou City

 

Legal Representative: Yongzhi Zhang

 

Business License Code:

 

With
a view to guarantee that the Factoring Contract for Government Purchase signed by and between Fuzhou Yukai Trading Co., Ltd.
and the factor Lvjin (Shenxun) Commercial Factoring Co., Ltd. with the contract number LJSZBL202240 can be effectively
fulfilled, Party A is willing to provide guarantee for the debt performance of Fuzhou Yukai Trading Co., Ltd. in the Factoring
Contract for Government Purchase. In accordance with the relevant laws and regulations of the State, the Parties concerned
have reached a consensus through amicable negotiation and shall hereby make and enter into the Contract.

 

Article 1         Principal
Creditor’s Rights under Guarantee

 

(I) The
principal creditor’s right guaranteed by Party A is the creditor’s right of Fuzhou Yukai Trading Co., Ltd. enjoyed
by Party B in accordance with the Factoring Contract for Government Purchase (Contract No.: LJSZBL202240) signed
by and between Party B and Fuzhou Yukai Trading Co., Ltd. on May 13, 2022.

 

(II) The
purview of guarantee made by Party A shall cover loan principal under the Master Contract as well as interest, liquidated damages, compensation
and expenses incurred by Party B in realizing creditor’s rights (including, without limitation, legal fees, arbitration fees, attorney
fees, property preservation fees, travel expenses, execution fees, evaluation fees, auction fees, etc.).

 

     

     

    

 

Article 2         Guarantee
Mode

 

The guarantee under the Contract
shall be in the form of a joint and several liability guarantee. Where the debtor fails to repay the loan and interest at the expiration
of the loan term, Party A shall assume the guarantee liability with all the property as prescribed herein. If there are multiple guarantors
hereunder, all guarantors will jointly assume joint and several liability to the creditors until all debts are fully paid off.

 

Party A acknowledges that,
where the Debtor fails or is unable to fulfill its debts as specified in the Master Contract, no matter whether Party B owns other guarantees
for the creditor’s rights under the Master Contract (including, without limitation, any guarantee methods such as guarantee, mortgage,
pledge, etc.), Party B shall be entitled to directly request Party A to assume the liability to guarantee within the scope of guarantee.

 

Article 3         Term
of Lease

 

The guarantee of the Contract
lasts for two years from the day upon the expiration of the loan term under the master contract; where there is any event specified by
laws, regulations or the master contract, causing Party B to announce the early maturity of the loan, the guarantee period shall be two
years from the day after the early maturity date of the loan.

 

Article 4         Obligation
of Party A

 

(I) If Party A wishes
to provide guarantee for the debts of others beyond the affiliated enterprises, it shall notify Party B in writing ahead of time and get
the consent of Party B.

 

(II) Party A shall furnish
complete and true documents associated with the economic status of the enterprise.

 

(III) Party A shall accept
Party B’s investigation on its execution status and offer necessary assistance and cooperation.

 

(IV) Party A shall, in
written form, inform Party B of its change of address within 5 working days from the date of change.

 

     

     

    

 

Article 5         Rights &
Obligations of Party B

 

Party B shall be entitled to
request Party A to present materials and documents reflecting the economic conditions and credit standing of its enterprise at any time,
and Party B shall keep all information furnished by Party A strictly confidential.

 

Article 6         Changes
to the Master Contract Guaranteed

 

Where Party B and the Debtor
agree to change the terms of the Main Contract, if the debt burden of the debtor is not added or the terms have obtained the prior consent
of Party A, Party A’s guarantee liability shall not be relieved accordingly.

 

Article 7         Independent
Contract Validity

 

The validity of the Contract
is independent of the Master Contract, and the invalidity of the Master Contract does not affect the validity hereof. If the Master Contract
is confirmed to be invalid, Party A shall, in addition to the debts of the Master Contract, assume the joint and several liability guarantee
for the debts incurred by the Debtor due to compensation for losses after the invalidity of the Master Contract.

 

Article 8         Contractual
Dispute Resolution

 

In the case of any dispute
arising from the performance of the Contract, it shall be settled by the Parties through consultation or settled through litigation filed
with the people’s court at the place where the Contract is signed. During the consultation or litigation, the undisputed provisions
of the Contract shall still be performed by the Parties.

 

Article 9         Tips

 

Party B has reminded Party
A to get a comprehensive and accurate understanding of the terms and conditions specified herein, and it has given corresponding explanation
of terms and conditions at Party A’s request. The contracting Parties hereto have the same understanding of the terms of the Contract.

 

Article 10       Notice

 

Any notice given by the Parties
to the Contract to the other Party shall be served to the other Party in written form (including, without limitation, telegrams, letters
as well as other written documents) based on the address and contact person recorded herein. If it is sent by telegram, it shall be deemed
to have been served to the other Party on the second day from the sending date; if it is a postal letter (including EMS), it will be deemed
to have been served to the other Party on the third day from the posting date.

 

     

     

    

 

If Party A and Party B change
the address, contact person, telephone number, etc. recorded herein during the fulfillment of the Contract, they shall notify the
other Party in written form in a timely manner. Otherwise, the provisions of Paragraph 1 of this Article shall apply to the written
notice sent by either Party to the other Party based on the domicile and contact person prior to the change.

 

In the event of any litigation
dispute, the domicile address and contact person recorded herein shall be the legal address for service of litigation documents and other
materials (including all legal documents and document materials that need to be served in the course of trial of first instance, trial
of second instance, retrial and execution, such as copies of indictment, evidential materials, responding materials, summonses, judgments,
rulings and appeals).

 

Article 11       Effectiveness
of the Contract

 

The Contract shall come into
force as of the date of signature and seal by the Parties.

 

The Contract is made in duplicate,
with each Party holding one copy and each copy being equally authentic.

 

	Party A (signature): Zhenyu Zheng	

 

	Party B (official seal and corporate
    seal):	

 

	 	Date of Signing: May 13,
    2022
	 	 
	 	Place of Signing: F/3, No.106, Guangda
    Road, Taijiang District, Fuzhou City

 

     

     

    

 

Guarantee Contract

 

Party A (Guarantor): Binhua Zhang

 

Contact Address: Room 1602, Xiyang Apartment,
No.163, Xiyang Road, Taijiang District, Fuzhou City, Fujian Province

 

ID Card No.:

 

Mobile:

 

Party B (Guarantee): Lvjin (Shenzhen) Commercial
Factoring Co., Ltd.

 

Place of Signing: F/3, No.106, Guangda Road,
Taijiang District, Fuzhou City

 

Legal Representative: Yongzhi Zhang

 

Business License Code:

 

With a view to guarantee that
the Factoring Contract for Government Purchase signed by and between Fuzhou Yukai Trading Co., Ltd. and the factor
Lvjin (Shenxun) Commercial Factoring Co., Ltd. with the contract number LJSZBL202240 can be effectively fulfilled,
Party A is willing to provide guarantee for the debt performance of Fuzhou Yukai Trading Co., Ltd. in the Factoring Contract
for Government Purchase. In accordance with the relevant laws and regulations of the State, the Parties concerned have reached a consensus
through amicable negotiation and shall hereby make and enter into the Contract.

 

Article 1         Principal
Creditor’s Rights under Guarantee

 

(I) The principal creditor’s
right guaranteed by Party A is the creditor’s right of Fuzhou Yukai Trading Co., Ltd. enjoyed by Party B in accordance
with the Factoring Contract for Government Purchase (Contract No.: LJSZBL202240) signed by and between Party B and Fuzhou
Yukai Trading Co., Ltd. on May 13, 2022.

 

(II) The
purview of guarantee made by Party A shall cover loan principal under the Master Contract as well as interest, liquidated damages, compensation
and expenses incurred by Party B in realizing creditor’s rights (including, without limitation, legal fees, arbitration fees, attorney
fees, property preservation fees, travel expenses, execution fees, evaluation fees, auction fees, etc.).

 

     

     

    

 

Article 2         Guarantee
Mode

 

The guarantee under the Contract
shall be in the form of a joint and several liability guarantee. Where the debtor fails to repay the loan and interest at the expiration
of the loan term, Party A shall assume the guarantee liability with all the property as prescribed herein. If there are multiple guarantors
hereunder, all guarantors will jointly assume joint and several liability to the creditors until all debts are fully paid off.

 

Party A acknowledges that,
where the Debtor fails or is unable to fulfill its debts as specified in the Master Contract, no matter whether Party B owns other guarantees
for the creditor’s rights under the Master Contract (including, without limitation, any guarantee methods such as guarantee, mortgage,
pledge, etc.), Party B shall be entitled to directly request Party A to assume the liability to guarantee within the scope of guarantee.

 

Article 3         Term
of Lease

 

The guarantee of the Contract
lasts for two years from the day upon the expiration of the loan term under the master contract; where there is any event specified by
laws, regulations or the master contract, causing Party B to announce the early maturity of the loan, the guarantee period shall be two
years from the day after the early maturity date of the loan.

 

Article 4         Obligation
of Party A

 

(I) If Party A wishes
to provide guarantee for the debts of others beyond the affiliated enterprises, it shall notify Party B in writing ahead of time and get
the consent of Party B.

 

(II) Party A shall furnish
complete and true documents associated with the economic status of the enterprise.

 

(III) Party A shall accept
Party B’s investigation on its execution status and offer necessary assistance and cooperation.

 

(IV) Party A shall, in
written form, inform Party B of its change of address within 5 working days from the date of change.

 

     

     

    

 

Article 5         Rights &
Obligations of Party B

 

Party B shall be entitled to
request Party A to present materials and documents reflecting the economic conditions and credit standing of its enterprise at any time,
and Party B shall keep all information furnished by Party A strictly confidential.

 

Article 6         Changes
to the Master Contract Guaranteed

 

Where Party B and the Debtor
agree to change the terms of the Main Contract, if the debt burden of the debtor is not added or the terms have obtained the prior consent
of Party A, Party A’s guarantee liability shall not be relieved accordingly.

 

Article 7         Independent
Contract Validity

 

The validity of the Contract
is independent of the Master Contract, and the invalidity of the Master Contract does not affect the validity hereof. If the Master Contract
is confirmed to be invalid, Party A shall, in addition to the debts of the Master Contract, assume the joint and several liability guarantee
for the debts incurred by the Debtor due to compensation for losses after the invalidity of the Master Contract.

 

Article 8         Contractual
Dispute Resolution

 

In the case of any dispute
arising from the performance of the Contract, it shall be settled by the Parties through consultation or settled through litigation filed
with the people’s court at the place where the Contract is signed. During the consultation or litigation, the undisputed provisions
of the Contract shall still be performed by the Parties.

 

Article 9         Tips

 

Party B has reminded Party
A to get a comprehensive and accurate understanding of the terms and conditions specified herein, and it has given corresponding explanation
of terms and conditions at Party A’s request. The contracting Parties hereto have the same understanding of the terms of the Contract.

 

Article 10       Notice

 

Any notice given by the Parties
to the Contract to the other Party shall be served to the other Party in written form (including, without limitation, telegrams, letters
as well as other written documents) based on the address and contact person recorded herein. If it is sent by telegram, it shall be deemed
to have been served to the other Party on the second day from the sending date; if it is a postal letter (including EMS), it will be deemed
to have been served to the other Party on the third day from the posting date.

 

     

     

    

 

If Party A and Party B change
the address, contact person, telephone number, etc. recorded herein during the fulfillment of the Contract, they shall notify the
other Party in written form in a timely manner. Otherwise, the provisions of Paragraph 1 of this Article shall apply to the written
notice sent by either Party to the other Party based on the domicile and contact person prior to the change.

 

In the event of any litigation
dispute, the domicile address and contact person recorded herein shall be the legal address for service of litigation documents and other
materials (including all legal documents and document materials that need to be served in the course of trial of first instance, trial
of second instance, retrial and execution, such as copies of indictment, evidential materials, responding materials, summonses, judgments,
rulings and appeals).

 

Article 11       Effectiveness
of the Contract

 

The Contract shall come into
force as of the date of signature and seal by the Parties.

 

The Contract is made in duplicate,
with each Party holding one copy and each copy being equally authentic.

 

	Party A (signature):	

 

	Party B (official seal and corporate seal):	 

 

	 	Date of Signing: May13, 2022
	 	 
	 	Place of Signing: F/3, No.106, Guangda Road, Taijiang
    District, Fuzhou City

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