Document:

exhibit103_limitedwaiver

EXECUTION VERSION          LIMITED WAIVER UNDER LOAN AGREEMENT  THIS LIMITED WAIVER UNDER LOAN AGREEMENT (this “Limited Waiver”) is entered into  as of March 4, 2021, by and among SPARK NETWORKS SE, a Societas Europaea (Europäische  Gesellschaft) with registered seat in Munich, Federal Republic of Germany, registered with the commercial  register (Handelsregister) of the local court (Amtsgericht) of Munich under HRB 232591, Federal Republic  of Germany (“Spark”), Spark Networks, Inc., a Delaware corporation (“Spark Inc.”) and Zoosk, Inc., a  Delaware corporation (“Zoosk” and, together with Spark and Spark Inc., each a “Borrower”, and  collectively, the “Borrowers”), the Guarantors signatory hereto, the Lenders signatory hereto and BLUE  TORCH FINANCE LLC, a Delaware limited liability company, as administrative agent for the Lenders (in  such capacity, together with its successors and permitted assigns in such capacity, the “Administrative  Agent”).  Capitalized terms used but not defined herein shall have the meanings ascribed to them in the  Amended Loan Agreement (as defined below).  W I T N E S S E T H:  WHEREAS, the Borrowers, the other Loan Parties from time to time party thereto, the Lenders  from time to time party thereto and the Agents are parties to that certain Loan Agreement, dated as of July 1,  2019 (as amended by that certain Limited Waiver and First Amendment to Loan Agreement, dated as of  May 20, 2020, that certain Second Amendment to Loan Agreement, dated as of December 2, 2020, and as  the same may be further amended, restated, amended and restated, supplemented or otherwise modified  from time to time prior to the date hereof, the “Loan Agreement”);  WHEREAS, certain Events of Default have occurred under the Loan Agreement prior to the date  hereof as more specifically set forth in that certain Letter re: Notice of Events of Default under Loan  Agreement, Reservation of Rights delivered by the Administrative Agent to the Administrative Borrower  on February 24, 2021 (the Events of Default specified therein are collectively referred to herein as the  “Subject Defaults”);   WHEREAS, the Borrowers have requested that the Administrative Agent and the Required Lenders  waive the Subject Defaults and the Administrative Agent and the Required Lenders agree to do so, subject  to the terms and conditions hereof.  NOW, THEREFORE, in consideration of the mutual agreements, provisions and covenants  contained herein, the parties hereto hereby agree as follows:  1. Limited Waiver.  On the Waiver Effective Date, upon satisfaction (or waiver) of the  conditions set forth in Section 3 hereof, the Administrative Agent and the Lenders waive the Subject  Defaults.  The Administrative Agent and the Lenders’ agreement to waive the Subject Defaults shall in no  way be deemed an agreement by the Administrative Agent or Lenders to waive any other Default or Event  of Default.  This waiver is specific as to content and time and shall not constitute a waiver of any other  future default or breach of any other terms in the Credit Agreement or any other documents signed by the  Loan Parties in favor of the Lenders and/or the Agents. The foregoing waiver shall also not be deemed to  operate as, or obligate the Agents or the Lenders to grant any future waiver, modification of or consent to  any other term, condition or Default or Event of Default under the Credit Agreement, including, for the  avoidance of doubt, as any such term, condition, Default or Event of Default pertains to any represenetaiton  or warranty that applies to information delivered by any Loan Party to the Administative Agent or any  Lender connection with entry into this Limited Waiver.  Nothing contained herein shall constitute a course  of conduct or dealing among the parties.   3061/34089-014 CURRENT/122137279v3  

 

  2. [Reserved].    3. Conditions.  The effectiveness of this Limited Waiver is subject to the satisfaction (or  waiver) of the following conditions precedent (such date, the “Waiver Effective Date”):  (a) the execution and delivery of this Limited Waiver by each Loan Party, the  Administrative Agent and the Required Lenders.  Notwithstanding anything herein to the contrary, and for the avoidance of doubt, for purposes of  determining compliance with the conditions specified in this Section 3, each of the Lenders and the  Administrative Agent that have signed this Limited Waiver shall be deemed to have consented to,  approved or accepted or to be satisfied with, each document or other matter required thereunder to  be consented to or approved by or acceptable or satisfactory to such Lender or Agent.  4. [Reserved].   5. Representations and Warranties.  The Loan Parties, jointly and severally, hereby represent  and warrant to the Administrative Agent and each Lender that the following are true and correct:  (a) the representations and warranties made by each Loan Party contained in the Loan  Documents are true and correct in all material respects as of the date hereof, except to the extent  such representation or warranty expressly relates to an earlier date (in which case, such  representations and warranties were true and correct in all material respects as of such earlier date),  provided that, any representation and warranty that is qualified as to “materiality”, “Material  Adverse Effect” or similar language shall be true and correct (after giving effect to any qualification  therein) in all respects on such respective dates;  (b) each Loan Party has the corporate or other organizational power and authority to  execute, deliver, and carry out the terms and provisions of this Limited Waiver and has taken all  necessary corporate or other organizational action to authorize the execution, delivery and  performance of this Limited Waiver;   (c) this Limited Waiver constitutes the legal, valid and binding obligations of each  Loan Party, enforceable against such Person in accordance with their respective terms, subject to  the effects of bankruptcy, insolvency, fraudulent conveyance, moratorium, reorganization and other  similar laws relating to or affecting creditors’ rights generally or by equitable principles relating to  enforceability or the availability of equitable remedies, and, in respect of the English Security  Documents and/or any UK Loan Party, subject to the Reservations and the Perfection  Requirements; and  (d) no Default or Event of Default shall have occurred and be continuing as of the  Waiver Effective Date or would immediately result after giving effect to this Limited Waiver.   6. Fees and Expenses.  The Borrowers shall within five (5) Business Days of the date of this  Limited Waiver, pay to the Administrative Agent, all reasonable and documented out-of-pocket fees and  expenses owed to the Administrative Agent (including in respect of reasonable and documented out-of- pocket fees of the Administrative Agent’s counsel and notary fees) in accordance with Section 12.05 of the  Loan Agreement, which shall include all fees and expenses of Proskauer Rose LLP and Noerr LLP.  7. Waiver Fee. In consideration for the agreements of the Administrative Agent and the  

 

  Lenders contained herein, the Borrower hereby agrees to pay, substantially concurrently with the  effectiveness of this Limited Waiver, to the Administrative Agent, for the ratable benefit of the Lenders  party hereto, (i) a fee equal to 0.50% of outstanding principal balance of the Term Loan immediately prior  to giving effect to this Limited Waiver, which shall be paid in cash immediately following the Waiver  Effective Date and (ii) a fee equal to 0.25% of outstanding principal balance of the Term Loan immediately  prior to giving effect to this Limited Waiver, which shall be paid in kind on the Waiver Effective Date by  capitalizing such amount into the principal balance of the Term Loan (collectively, the “Waiver Fee”),  which shall be fully earned, due and payable on, and subject to the occurrence of, the Waiver Effective  Date and, once paid, shall be non-refundable. The portion of the Waiver Fee that is paid in kind shall  constitue principal of the Term Loan for all purposes, including calculation of interest on subsequent  Interest Payment Dates.    8. [Reserved].   9. No Modification.  Except as amended or consented to hereby, the Loan Agreement and  other Loan Documents remain unmodified and in full force and effect.  All references in the Loan  Documents to the Loan Agreement shall be deemed to be references to the Amended Loan Agreement. This  Limited Waiver shall constitute a Loan Document.   10. Effectiveness of Facsimile Documents and Signatures.  This Limited Waiver may be  transmitted and signed and delivered by facsimile or other electronic means.  The effectiveness of such  document and signatures shall have the same force and effect as manually signed originals and shall be  binding on all Loan Parties, the Agents and the Lenders.  11. Counterparts.  Any number of counterparts of this Limited Waiver, including facsimiles  and other electronic copies (e.g. DocuSign, “pdf” or “tif”), may be executed by the parties hereto.  Each  such counterpart shall be, and shall be deemed to be, an original instrument, but all such counterparts taken  together shall constitute one and the same agreement.  12. Successors and Assigns.  The provisions of this Limited Waiver shall be binding upon and  inure to the benefit of the parties hereto and their respective successors and permitted assigns; provided that  any assignment by any Lender shall be subject to the provisions of Section 12.06 of the Loan Agreement,  and provided further that, except as set forth in Section 9.03 of the Loan Agreement, the Loan Parties may  not assign or transfer any of their respective rights or obligations under this Limited Waiver without the  prior written consent of each Lender.     13. Governing Law.  THIS LIMITED WAIVER, AND THE VALIDITY,  INTERPRETATION, CONSTRUCTION, AND PERFORMANCE HEREOF SHALL BE GOVERNED  BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, AND ANY CLAIM BY ANY  PARTY HERETO AGAINST ANY OTHER PARTY HERETO (INCLUDING ANY CLAIMS  SOUNDING IN CONTRACT OR TORT LAW ARISING OUT OF THE SUBJECT MATTER HEREOF  AND ANY DETERMINATIONS WITH RESPECT TO POST-JUDGMENT INTEREST) SHALL BE  DETERMINED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK  FOR CONTRACTS MADE AND TO BE PERFORMED WHOLLY WITHIN THE STATE OF NEW  YORK, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAWS REQUIRING  APPLICATION OF THE LAW OF ANY OTHER JURISDICTION.   14. Jurisdiction; Waivers of Jury Trial.  The provisions of Sections 13.01, 13.02, 13.03 and  13.04 of the Loan Agreement are incorporated by reference herein, mutatis mutandis, and shall have the  same force and effect with respect to this Limited Waiver as if originally set forth herein.  

 

  15. Severability.  All provisions of this Limited Waiver are severable, and the unenforceability  or invalidity of any of the provisions of this Limited Waiver shall not affect the validity or enforceability  of the remaining provisions of this Limited Waiver.  Should any part of this Limited Waiver be held invalid  or unenforceable in any jurisdiction, the invalid or unenforceable portion or portions shall be removed (and  no more) only in that jurisdiction, and the remainder shall be enforced as fully as possible (removing the  minimum amount possible) in that jurisdiction.  In lieu of such invalid or unenforceable provision, the  parties hereto will negotiate in good faith to add as a part of this Limited Waiver a legal, valid and  enforceable provision as similar in terms to such invalid or unenforceable provision as may be possible.  16. Reaffirmation.  Each of the Loan Parties as debtor, grantor, pledgor, guarantor, assignor,  or in other any other similar capacity in which such Loan Party grants liens or security interests in its  property or otherwise acts as accommodation party or guarantor, as the case may be, hereby (i) ratifies and  reaffirms all of its payment and performance obligations, contingent or otherwise, under each of the Loan  Documents to which it is a party (after giving effect hereto), (ii) each of the Loan Parties hereby represents  and warrants that, to such Loan Party’s tknowledge, as of the date hereof, it neither has nor claims any  offsets or defenses to the Obligations, and has no other claims or causes of action against any of the Lenders  or the Administrative Agent, and (iii) to the extent such Loan Party granted liens on or security interests in  any of its property pursuant to any such Loan Document as security for or otherwise guaranteed the  Borrowers’ Obligations under or with respect to the Loan Documents, ratifies and reaffirms such guarantee  and grant of security interests and liens and confirms and agrees that such security interests and liens  hereafter secure all of the Obligations as amended hereby.  Each of the Loan Parties hereby consents to this  Limited Waiver and acknowledges that each of the Loan Documents remains in full force and effect (after  giving effect hereto) and is hereby ratified and reaffirmed.  The execution of this Limited Waiver shall not  operate as a waiver of any right, power or remedy of the Administrative Agent or the Lenders, constitute a  waiver of any provision of any of the Loan Documents or serve to effect a novation of the Obligations.  17. Release.  In consideration of the agreements of the Administrative Agent and the Lenders  contained herein and for other good and valuable consideration, the receipt and sufficiency of which is  hereby acknowledged, each Loan Party, on behalf of itself and its successors, assigns, and other legal  representatives, hereby absolutely, unconditionally and irrevocably releases, remises and forever discharges  the Administrative Agent, the Collateral Agent and each Lender and their respective successors, and their  respective present and former shareholders, subsidiaries, divisions, predecessors, directors, officers,  attorneys, employees, agents, advisors and other representatives (the Administrative Agent, the Collateral  Agent, each Lender and all such other Persons being hereinafter referred to collectively as the “Releasees”  and individually as a “Releasee”), of and from all demands, actions, causes of action, suits, covenants,  contracts, controversies, agreements, promises, sums of money, accounts, bills, reckonings, damages and  any and all other claims, counterclaims, defenses, rights of set-off, demands and liabilities whatsoever  (individually, a “Claim” and collectively, “Claims”) of every name and nature, known or unknown,  suspected or unsuspected, both at law and in equity, which such Loan Party or any of its successors, assigns  or other legal representatives may now or hereafter own, hold, have or claim to have against the Releasees  or any of them for, upon, or by reason of any circumstance, action, cause or thing whatsoever on account  of, or in relation to, or in any way in connection with any of the Loan Agreement or any of the other Loan  Documents or transactions thereunder or related thereto, in each case of the foregoing Claims, solely to the  extent of such Claims arising by reason of any act, omission, matter, cause or thing whatsoever arising at  any time prior to the date of this Limited Waiver. Each Loan Party understands, acknowledges and agrees  that the release set forth above may be pleaded as a full and complete defense and may be used as a basis  for an injunction against any action, suit or other proceeding which may be instituted, prosecuted or  attempted in breach of the provisions of such release. Each Loan Party agrees that no fact, event,  circumstance, evidence or transaction which could now be asserted or which may hereafter be discovered  (in each case of the foregoing, to the extent related to any act, omission, matter, cause or thing whatsoever  arising at any time prior to the date of this Limited Waiver) shall affect in any manner the final, absolute  

 

  and unconditional nature of the release set forth herein.      -- Remainder of Page Intentionally Left Blank; Signature Pages Follow –    

 

  [Signature Page to Limited Waiver]  IN WITNESS WHEREOF, each of the undersigned has executed this Limited Waiver as of the  date set forth above.      BORROWERS:    SPARK NETWORKS SE        By: _______________________________  Name: Gitte Bendzulla  Title:   Managing Director        By: _______________________________  Name: Eric Eichmann  Title:   Managing Director      SPARK NETWORKS, INC.        By: _______________________________  Name: Eric Eichmann  Title:   President      ZOOSK, INC.        By: _______________________________  Name: Eric Eichmann  Title:   President    DocuSign Envelope ID: 40B9B206-BD4D-422C-95FF-4DFE91F67EC5 

 

  [Signature Page to Limited Waiver]  IN WITNESS WHEREOF, each of the undersigned has executed this Limited Waiver as of the  date set forth above.      BORROWERS:    SPARK NETWORKS SE        By: _______________________________  Name: Gitte Bendzulla  Title:   Managing Director        By: _______________________________  Name: Eric Eichmann  Title:   Managing Director      SPARK NETWORKS, INC.        By: _______________________________  Name: Eric Eichmann  Title:   President      ZOOSK, INC.        By: _______________________________  Name: Eric Eichmann  Title:   President    DocuSign Envelope ID: 305FE55D-C583-461E-9512-054C124F5FCA 

 

  [Signature Page to Limited Waiver]  GUARANTORS:    LOV USA, LLC        By: _______________________________  Name: Eric Eichmann  Title:   President      MINGLEMATCH, INC.        By: _______________________________  Name: Yoon Um  Title:   Treasurer      SMOOCH LABS INC.        By: _______________________________  Name: Eric Eichmann  Title:   President      SPARK NETWORKS USA, LLC        By: _______________________________  Name: Eric Eichmann  Title:   President      SPARK NETWORKS SERVICES GMBH        By: _______________________________  Name: Gitte Bendzulla  Title:   Managing Director        By: _______________________________  Name: Bert Althaus  Title:   Managing Director  DocuSign Envelope ID: 305FE55D-C583-461E-9512-054C124F5FCA 

 

  [Signature Page to Limited Waiver]  GUARANTORS:    LOV USA, LLC        By: _______________________________  Name: Eric Eichmann  Title:   President      MINGLEMATCH, INC.        By: _______________________________  Name: Yoon Um  Title:   Treasurer      SMOOCH LABS INC.        By: _______________________________  Name: Eric Eichmann  Title:   President      SPARK NETWORKS USA, LLC        By: _______________________________  Name: Eric Eichmann  Title:   President      SPARK NETWORKS SERVICES GMBH        By: _______________________________  Name: Gitte Bendzulla  Title:   Managing Director        By: _______________________________  Name: Bert Althaus  Title:   Managing Director  DocuSign Envelope ID: 41E6C6B1-8DC4-4450-ACB3-CB5C94D0BD0C 

 

  [Signature Page to Limited Waiver]  GUARANTORS:    LOV USA, LLC        By: _______________________________  Name: Eric Eichmann  Title:   President      MINGLEMATCH, INC.        By: _______________________________  Name: Yoon Um  Title:   Treasurer      SMOOCH LABS INC.        By: _______________________________  Name: Eric Eichmann  Title:   President      SPARK NETWORKS USA, LLC        By: _______________________________  Name: Eric Eichmann  Title:   President      SPARK NETWORKS SERVICES GMBH        By: _______________________________  Name: Gitte Bendzulla  Title:   Managing Director        By: _______________________________  Name: Bert Althaus  Title:   Managing Director  DocuSign Envelope ID: 40B9B206-BD4D-422C-95FF-4DFE91F67EC5 

 

  [Signature Page to Limited Waiver]  GUARANTORS:    LOV USA, LLC        By: _______________________________  Name: Eric Eichmann  Title:   President      MINGLEMATCH, INC.        By: _______________________________  Name: Yoon Um  Title:   Treasurer      SMOOCH LABS INC.        By: _______________________________  Name: Eric Eichmann  Title:   President      SPARK NETWORKS USA, LLC        By: _______________________________  Name: Eric Eichmann  Title:   President      SPARK NETWORKS SERVICES GMBH        By: _______________________________  Name: Gitte Bendzulla  Title:   Managing Director        By: _______________________________  Name: Bert Althaus  Title:   Managing Director  DocuSign Envelope ID: ED60D45E-9467-473F-AF91-42C114A2BCC3 

 

 

 

 

 

 

 

[Signature Page to Limited Waiver under Loan Agreement]  SPECIAL VALUE CONTINUATION PARTNERS, LLC  TCP WATERMAN CLO, LLC  TENNENBAUM SENIOR LOAN FUND V, LLC  TCP DLF VIII-S FUNDING, LLC  TCP DLF VIII-T FUNDING, LLC   On behalf of each of the above entities:   By: Tennenbaum Capital Partners, LLC   Its: Investment Manager  By:           Name: Rajneesh Vig   Title:  Managing Director  TCP WHITNEY CLO, LTD  TCP RAINIER, LLC  TCP DLF VIII 2018 CLO, LLC   By: SERIES 1 OF SVOF/MM, LLC   Its: Collateral Manager  By:           Name: Rajneesh Vig   Title:  Managing Director  TCP DLF VIII ICAV,  an umbrella type Irish collective asset management vehicle  acting solely for and on behalf of its sub-fund TCP Direct  Lending Fund VIII-U (Ireland)   By: Tennenbaum Capital Partners, LLC   Its: Investment Manager acting as attorney-in-fact  By:           Name: Rajneesh Vig   Title:  Managing Director  

 

[Signature Page to Limited Waiver under Loan Agreement]  TCP DLF VIII-L FUNDING, LP   By: TCP DLF VIII-L GP, LLC   Its: General Partner   By: TCP DLF VIII ICAV, an umbrella type Irish  collective asset management vehicle acting  solely for and on behalf of its sub-fund TCP  Direct Lending Fund VIII-L (Ireland)   Its: Sole Member   By: Tennenbaum Capital Partners, LLC   Its: Investment Manager acting as attorney-in-fact  By:           Name: Rajneesh Vig   Title:  Managing Director  TCP DLF VIII ICAV,  an umbrella type Irish collective asset management vehicle  acting solely for and on behalf of its sub-fund TCP Direct  Lending Fund VIII-L (Ireland)   By: SVOF/MM, LLC   Its: Sub-Advisor acting as attorney-in-fact  By:           Name: Rajneesh Vig   Title:  Managing DirectorExhibit
10.6

 

Explanatory
Note: This document has been translated from the Chinese-language original for reference purposes only. While this English translation
is believed to be generally accurate, it is subject to, and qualified by, in its entirety, the Chinese-language original. Such Chinese-language
original shall be the controlling document for all purposes.

 

Purchase
Advance Payment Contract

 

Party
A (payer): Anhui Aokai Fa Grease Technology Co., Ltd.

Party
B (Payee): Shucheng County Tianbao Camellia Oil Professional Cooperative

 

Party
B is Party A’s raw material supplier. In order to reduce operating costs and enhance the partnership between the two parties, Party
A agrees to prepay certain prices for the purchase of corresponding raw materials for Party B’s obligation to provide Party A with
Camellia seeds. After full negotiation by both parties, the following contracts have been concluded:

 

1.
Purpose of advance payment: Party B can only use the advance payment paid by Party A to purchase camellia seed raw materials, and shall
not use it for other purposes.

 

2.
Prepaid amount: RMB 13,000,000

 

3.
As Party B’s business scope also involves Camellia seed oil, Party A may also provide Party B with Camellia seed oil of the same
value as the advance payment to offset the advance payment. The price of Camellia seed oil shall be in accordance with Party A’s
regulations.

 

4.
Repayment method: Party B will deduct the advance payment in the form of Camellia seeds or equivalent currency to Party A. The repayment
period shall not exceed twelve months per year, and special circumstances shall be negotiated separately.

 

5.
Party B promises to provide Party A with Camellia Seeds at a price that is 2% lower than the actual price of Camellia Seeds on the actual
delivery date. After the prepayment is deducted, the settlement will be based on the actual market price.

 

6.
If Party B fails to use the advance payment as required by the agreement, Party A has the right to recover the advance payment and impose
a penalty interest of three thousandths per day for the breached part.

 

7.
For matters not covered, the two parties can negotiate and conclude a supplementary contract. The supplementary contract has the same
legal effect as this contract. Any party who fails to negotiate can bring a lawsuit to the people's court in China.

 

8.
This contract is valid for one year, and it will automatically terminate when it expires.

 

9.
This contract has two copies, with each party holding one copy, and it will take effect from the date of signing.

 

/s/
Anhui Aokai Fa Grease Technology Co., Ltd.

Party
A: Anhui Aokai Fa Grease Technology Co., Ltd.

Date:
May 7, 2020

 

/s/
Shucheng County Tianbao Camellia Oil Professional Cooperative

Party
B: Shucheng County Tianbao Camellia Oil Professional Cooperative

Date:
May 7, 2020

 

     

     

    

 

Purchase
Advance Payment Contract

 

Party
A (payer): Anhui Aokai Fa Grease Technology Co., Ltd.

Party
B (Payee): Huoshan Chang Rong Trading Company

 

Party
B is Party A’s raw material supplier. In order to reduce operating costs and enhance the partnership between the two parties, Party
A agrees to prepay certain prices for the purchase of corresponding raw materials for Party B’s obligation to provide Party A with
Camellia seeds. After full negotiation by both parties, the following contracts have been concluded:

 

1.
Purpose of advance payment: Party B can only use the advance payment paid by Party A to purchase camellia seed raw materials, and shall
not use it for other purposes.

 

2.
Prepaid amount: RMB 10,000,000

 

3.
As Party B’s business scope also involves Camellia seed oil, Party A may also provide Party B with Camellia seed oil of the same
value as the advance payment to offset the advance payment. The price of Camellia seed oil shall be in accordance with Party A’s
regulations.

 

4.
Repayment method: Party B will deduct the advance payment in the form of Camellia seeds or equivalent currency to Party A. The repayment
period shall not exceed twelve months per year, and special circumstances shall be negotiated separately.

 

5.
Party B promises to provide Party A with Camellia Seeds at a price that is 2% lower than the actual price of Camellia Seeds on the actual
delivery date. After the prepayment is deducted, the settlement will be based on the actual market price.

 

6.
If Party B fails to use the advance payment as required by the agreement, Party A has the right to recover the advance payment and impose
a penalty interest of three thousandths per day for the breached part.

 

7.
For matters not covered, the two parties can negotiate and conclude a supplementary contract. The supplementary contract has the same
legal effect as this contract. Any party who fails to negotiate can bring a lawsuit to the people's court in China.

 

8.
This contract is valid for one year, and it will automatically terminate when it expires.

 

9.
This contract has two copies, with each party holding one copy, and it will take effect from the date of signing.

 

/s/
Anhui Aokai Fa Grease Technology Co., Ltd.

Party
A: Anhui Aokai Fa Grease Technology Co., Ltd.

Date:
May 10, 2020

 

/s/
Huoshan Chang Rong Trading Company

Party
B: Huoshan Chang Rong Trading Company

Date:
May 10, 2020

 

    2

     

    

 

Purchase
Advance Payment Contract

 

Party
A (payer): Anhui Aokai Fa Grease Technology Co., Ltd.

Party
B (Payee): Kang Du

 

Party
B is Party A’s raw material supplier. In order to reduce operating costs and enhance the partnership between the two parties, Party
A agrees to prepay certain prices for the purchase of corresponding raw materials for Party B’s obligation to provide Party A with
Camellia seeds. After full negotiation by both parties, the following contracts have been concluded:

 

1.
Purpose of advance payment: Party B can only use the advance payment paid by Party A to purchase camellia seed raw materials, and shall
not use it for other purposes.

 

2.
Prepaid amount: RMB 4,000,000

 

3.
As Party B’s business scope also involves Camellia seed oil, Party A may also provide Party B with Camellia seed oil of the same
value as the advance payment to offset the advance payment. The price of Camellia seed oil shall be in accordance with Party A’s
regulations.

 

4.
Repayment method: Party B will deduct the advance payment in the form of Camellia seeds or equivalent currency to Party A. The repayment
period shall not exceed twelve months per year, and special circumstances shall be negotiated separately.

 

5.
Party B promises to provide Party A with Camellia Seeds at a price that is 2% lower than the actual price of Camellia Seeds on the actual
delivery date. After the prepayment is deducted, the settlement will be based on the actual market price.

 

6.
If Party B fails to use the advance payment as required by the agreement, Party A has the right to recover the advance payment and impose
a penalty interest of three thousandths per day for the breached part.

 

7.
For matters not covered, the two parties can negotiate and conclude a supplementary contract. The supplementary contract has the same
legal effect as this contract. Any party who fails to negotiate can bring a lawsuit to the people's court in China.

 

8.
This contract is valid for one year, and it will automatically terminate when it expires.

 

9.
This contract has two copies, with each party holding one copy, and it will take effect from the date of signing.

 

/s/
Anhui Aokai Fa Grease Technology Co., Ltd.

Party
A: Anhui Aokai Fa Grease Technology Co., Ltd.

Date:
May 20, 2020

 

/s/
Kang Du

Party
B: Kang Du

Date:
May 20, 2020

 

    3

     

    

 

Purchase
Advance Payment Contract

 

Party
A (payer): Anhui Aokai Fa Grease Technology Co., Ltd.

Party
B (Payee): Anhui Yami Agricultural Technology Co., Ltd.

Party
B is Party A’s raw material supplier. In order to reduce operating costs and enhance the partnership between the two parties, Party
A agrees to prepay certain prices for the purchase of corresponding raw materials for Party B’s obligation to provide Party A with
Camellia seeds. After full negotiation by both parties, the following contracts have been concluded:

 

1.
Purpose of advance payment: Party B can only use the advance payment paid by Party A to purchase camellia seed raw materials, and shall
not use it for other purposes.

 

2.
Prepaid amount: RMB 12,000,000

 

3.
As Party B’s business scope also involves Camellia seed oil, Party A may also provide Party B with Camellia seed oil of the same
value as the advance payment to offset the advance payment. The price of Camellia seed oil shall be in accordance with Party A’s
regulations.

 

4.
Repayment method: Party B will deduct the advance payment in the form of Camellia seeds or equivalent currency to Party A. The repayment
period shall not exceed twelve months per year, and special circumstances shall be negotiated separately.

 

5.
Party B promises to provide Party A with Camellia Seeds at a price that is 2% lower than the actual price of Camellia Seeds on the actual
delivery date. After the prepayment is deducted, the settlement will be based on the actual market price.

 

6.
If Party B fails to use the advance payment as required by the agreement, Party A has the right to recover the advance payment and impose
a penalty interest of three thousandths per day for the breached part.

 

7.
For matters not covered, the two parties can negotiate and conclude a supplementary contract. The supplementary contract has the same
legal effect as this contract. Any party who fails to negotiate can bring a lawsuit to the people's court in China.

 

8.
This contract is valid for one year, and it will automatically terminate when it expires.

 

9.
This contract has two copies, with each party holding one copy, and it will take effect from the date of signing.

 

/s/
Anhui Aokai Fa Grease Technology Co., Ltd.

Party
A: Anhui Aokai Fa Grease Technology Co., Ltd.

Date:
May 6, 2020

 

/s/
Anhui Yami Agricultural Technology Co., Ltd.

Party
B: Anhui Yami Agricultural Technology Co., Ltd.

Date:
May 6, 2020

 

    4

     

    

 

Purchase
Advance Payment Contract

 

Party
A (payer): Anhui Aokai Fa Grease Technology Co., Ltd.

Party
B (Payee): Huasheng Farmers Professional Cooperative of Shucheng County

 

Party
B is Party A’s raw material supplier. In order to reduce operating costs and enhance the partnership between the two parties, Party
A agrees to prepay certain prices for the purchase of corresponding raw materials for Party B’s obligation to provide Party A with
Camellia seeds. After full negotiation by both parties, the following contracts have been concluded:

 

1.
Purpose of advance payment: Party B can only use the advance payment paid by Party A to purchase camellia seed raw materials, and shall
not use it for other purposes.

 

2.
Prepaid amount: RMB 12,000,000

 

3.
As Party B’s business scope also involves Camellia seed oil, Party A may also provide Party B with Camellia seed oil of the same
value as the advance payment to offset the advance payment. The price of Camellia seed oil shall be in accordance with Party A’s
regulations.

 

4.
Repayment method: Party B will deduct the advance payment in the form of Camellia seeds or equivalent currency to Party A. The repayment
period shall not exceed twelve months per year, and special circumstances shall be negotiated separately.

 

5.
Party B promises to provide Party A with Camellia Seeds at a price that is 2% lower than the actual price of Camellia Seeds on the actual
delivery date. After the prepayment is deducted, the settlement will be based on the actual market price.

 

6.
If Party B fails to use the advance payment as required by the agreement, Party A has the right to recover the advance payment and impose
a penalty interest of three thousandths per day for the breached part.

 

7.
For matters not covered, the two parties can negotiate and conclude a supplementary contract. The supplementary contract has the same
legal effect as this contract. Any party who fails to negotiate can bring a lawsuit to the people's court in China.

 

8.
This contract is valid for one year, and it will automatically terminate when it expires.

 

9.
This contract has two copies, with each party holding one copy, and it will take effect from the date of signing.

 

/s/
Anhui Aokai Fa Grease Technology Co., Ltd.

Party
A: Anhui Aokai Fa Grease Technology Co., Ltd.

Date:
May 7, 2020

 

/s/
Anhui Yami Agricultural Technology Co., Ltd.

Party
B: Huasheng Farmers Professional Cooperative of Shucheng County

Date:
May 7, 2020

 

    5

     

    

 

Purchase
Advance Payment Contract

 

Party
A (payer): Anhui Aokai Fa Grease Technology Co., Ltd.

Party
B (Payee): Hefei Wenda Agricultural Technology Co., Ltd.

 

Party
B is Party A’s raw material supplier. In order to reduce operating costs and enhance the partnership between the two parties, Party
A agrees to prepay certain prices for the purchase of corresponding raw materials for Party B’s obligation to provide Party A with
Camellia seeds. After full negotiation by both parties, the following contracts have been concluded:

 

1.
Purpose of advance payment: Party B can only use the advance payment paid by Party A to purchase camellia seed raw materials, and shall
not use it for other purposes.

 

2.
Prepaid amount: RMB 10,000,000

 

3.
As Party B’s business scope also involves Camellia seed oil, Party A may also provide Party B with Camellia seed oil of the same
value as the advance payment to offset the advance payment. The price of Camellia seed oil shall be in accordance with Party A’s
regulations.

 

4.
Repayment method: Party B will deduct the advance payment in the form of Camellia seeds or equivalent currency to Party A. The repayment
period shall not exceed twelve months per year, and special circumstances shall be negotiated separately.

 

5.
Party B promises to provide Party A with Camellia Seeds at a price that is 2% lower than the actual price of Camellia Seeds on the actual
delivery date. After the prepayment is deducted, the settlement will be based on the actual market price.

 

6.
If Party B fails to use the advance payment as required by the agreement, Party A has the right to recover the advance payment and impose
a penalty interest of three thousandths per day for the breached part.

 

7.
For matters not covered, the two parties can negotiate and conclude a supplementary contract. The supplementary contract has the same
legal effect as this contract. Any party who fails to negotiate can bring a lawsuit to the people's court in China.

 

8.
This contract is valid for one year, and it will automatically terminate when it expires.

 

9.
This contract has two copies, with each party holding one copy, and it will take effect from the date of signing.

 

/s/
Anhui Aokai Fa Grease Technology Co., Ltd.

Party
A: Anhui Aokai Fa Grease Technology Co., Ltd.

Date:
May 9, 2020

 

/s/
Hefei Wenda Agricultural Technology Co., Ltd.

Party
B: Hefei Wenda Agricultural Technology Co., Ltd.

Date:
May 9, 2020

 

    6

     

    

 

Purchase
Advance Payment Contract

 

Party
A (payer): Anhui Aokai Fa Grease Technology Co., Ltd.

Party
B (Payee): Huoshan Hongying Trading Company

 

Party
B is Party A’s raw material supplier. In order to reduce operating costs and enhance the partnership between the two parties, Party
A agrees to prepay certain prices for the purchase of corresponding raw materials for Party B’s obligation to provide Party A with
Camellia seeds. After full negotiation by both parties, the following contracts have been concluded:

 

1.
Purpose of advance payment: Party B can only use the advance payment paid by Party A to purchase camellia seed raw materials, and shall
not use it for other purposes.

 

2.
Prepaid amount: RMB 10,000,000

 

3.
As Party B’s business scope also involves Camellia seed oil, Party A may also provide Party B with Camellia seed oil of the same
value as the advance payment to offset the advance payment. The price of Camellia seed oil shall be in accordance with Party A’s
regulations.

 

4.
Repayment method: Party B will deduct the advance payment in the form of Camellia seeds or equivalent currency to Party A. The repayment
period shall not exceed twelve months per year, and special circumstances shall be negotiated separately.

 

5.
Party B promises to provide Party A with Camellia Seeds at a price that is 2% lower than the actual price of Camellia Seeds on the actual
delivery date. After the prepayment is deducted, the settlement will be based on the actual market price.

 

6.
If Party B fails to use the advance payment as required by the agreement, Party A has the right to recover the advance payment and impose
a penalty interest of three thousandths per day for the breached part.

 

7.
For matters not covered, the two parties can negotiate and conclude a supplementary contract. The supplementary contract has the same
legal effect as this contract. Any party who fails to negotiate can bring a lawsuit to the people's court in China.

 

8.
This contract is valid for one year, and it will automatically terminate when it expires.

 

9.
This contract has two copies, with each party holding one copy, and it will take effect from the date of signing.

 

/s/
Anhui Aokai Fa Grease Technology Co., Ltd.

Party
A: Anhui Aokai Fa Grease Technology Co., Ltd.

Date:
May 8, 2020

 

/s/
Huoshan Hongying Trading Company

Party
B: Huoshan Hongying Trading Company

Date:
May 8, 2020

 

    7

     

    

 

Purchase
Advance Payment Contract

 

Party
A (payer): Anhui Aokai Fa Grease Technology Co., Ltd.

Party
B (Payee): Lu'an Yunlin Agricultural Technology Co., Ltd.

 

Party
B is Party A’s raw material supplier. In order to reduce operating costs and enhance the partnership between the two parties, Party
A agrees to prepay certain prices for the purchase of corresponding raw materials for Party B’s obligation to provide Party A with
Camellia seeds. After full negotiation by both parties, the following contracts have been concluded:

 

1.
Purpose of advance payment: Party B can only use the advance payment paid by Party A to purchase camellia seed raw materials, and shall
not use it for other purposes.

 

2.
Prepaid amount: RMB 10,000,000

 

3.
As Party B’s business scope also involves Camellia seed oil, Party A may also provide Party B with Camellia seed oil of the same
value as the advance payment to offset the advance payment. The price of Camellia seed oil shall be in accordance with Party A’s
regulations.

 

4.
Repayment method: Party B will deduct the advance payment in the form of Camellia seeds or equivalent currency to Party A. The repayment
period shall not exceed twelve months per year, and special circumstances shall be negotiated separately.

 

5.
Party B promises to provide Party A with Camellia Seeds at a price that is 2% lower than the actual price of Camellia Seeds on the actual
delivery date. After the prepayment is deducted, the settlement will be based on the actual market price.

 

6.
If Party B fails to use the advance payment as required by the agreement, Party A has the right to recover the advance payment and impose
a penalty interest of three thousandths per day for the breached part.

 

7.
For matters not covered, the two parties can negotiate and conclude a supplementary contract. The supplementary contract has the same
legal effect as this contract. Any party who fails to negotiate can bring a lawsuit to the people's court in China.

 

8.
This contract is valid for one year, and it will automatically terminate when it expires.

 

9.
This contract has two copies, with each party holding one copy, and it will take effect from the date of signing.

 

/s/
Anhui Aokai Fa Grease Technology Co., Ltd.

Party
A: Anhui Aokai Fa Grease Technology Co., Ltd.

Date:
May 12, 2020

 

/s/
Lu'an Yunlin Agricultural Technology Co., Ltd.

Party
B: Lu'an Yunlin Agricultural Technology Co., Ltd.

Date:
May 12, 2020

 

    8

     

    

 

Purchase
Advance Payment Contract

 

Party
A (payer): Anhui Aokai Fa Grease Technology Co., Ltd.

Party
B (Payee): Shucheng County Xinyuan Tea Oil Professional Cooperative

 

Party
B is Party A’s raw material supplier. In order to reduce operating costs and enhance the partnership between the two parties, Party
A agrees to prepay certain prices for the purchase of corresponding raw materials for Party B’s obligation to provide Party A with
Camellia seeds. After full negotiation by both parties, the following contracts have been concluded:

 

1.
Purpose of advance payment: Party B can only use the advance payment paid by Party A to purchase camellia seed raw materials, and shall
not use it for other purposes.

 

2.
Prepaid amount: RMB 10,000,000

 

3.
As Party B’s business scope also involves Camellia seed oil, Party A may also provide Party B with Camellia seed oil of the same
value as the advance payment to offset the advance payment. The price of Camellia seed oil shall be in accordance with Party A’s
regulations.

 

4.
Repayment method: Party B will deduct the advance payment in the form of Camellia seeds or equivalent currency to Party A. The repayment
period shall not exceed twelve months per year, and special circumstances shall be negotiated separately.

 

5.
Party B promises to provide Party A with Camellia Seeds at a price that is 2% lower than the actual price of Camellia Seeds on the actual
delivery date. After the prepayment is deducted, the settlement will be based on the actual market price.

 

6.
If Party B fails to use the advance payment as required by the agreement, Party A has the right to recover the advance payment and impose
a penalty interest of three thousandths per day for the breached part.

 

7.
For matters not covered, the two parties can negotiate and conclude a supplementary contract. The supplementary contract has the same
legal effect as this contract. Any party who fails to negotiate can bring a lawsuit to the people's court in China.

 

8.
This contract is valid for one year, and it will automatically terminate when it expires.

 

9.
This contract has two copies, with each party holding one copy, and it will take effect from the date of signing.

 

/s/
Anhui Aokai Fa Grease Technology Co., Ltd.

Party
A: Anhui Aokai Fa Grease Technology Co., Ltd.

Date:
May 11, 2020

 

/s/
Shucheng County Xinyuan Tea Oil Professional Cooperative

Party
B: Shucheng County Xinyuan Tea Oil Professional Cooperative

Date:
May 11, 2020

 

    9

     

    

 

Purchase
Advance Payment Contract

 

Party
A (payer): Anhui Aokai Fa Grease Technology Co., Ltd.

Party
B (Payee): Wulongshan Family Farm of Tangchi Town, Shucheng County

 

Party
B is Party A’s raw material supplier. In order to reduce operating costs and enhance the partnership between the two parties, Party
A agrees to prepay certain prices for the purchase of corresponding raw materials for Party B’s obligation to provide Party A with
Camellia seeds. After full negotiation by both parties, the following contracts have been concluded:

 

1.
Purpose of advance payment: Party B can only use the advance payment paid by Party A to purchase camellia seed raw materials, and shall
not use it for other purposes.

 

2.
Prepaid amount: RMB 8,000,000

 

3.
As Party B’s business scope also involves Camellia seed oil, Party A may also provide Party B with Camellia seed oil of the same
value as the advance payment to offset the advance payment. The price of Camellia seed oil shall be in accordance with Party A’s
regulations.

 

4.
Repayment method: Party B will deduct the advance payment in the form of Camellia seeds or equivalent currency to Party A. The repayment
period shall not exceed twelve months per year, and special circumstances shall be negotiated separately.

 

5.
Party B promises to provide Party A with Camellia Seeds at a price that is 2% lower than the actual price of Camellia Seeds on the actual
delivery date. After the prepayment is deducted, the settlement will be based on the actual market price.

 

6.
If Party B fails to use the advance payment as required by the agreement, Party A has the right to recover the advance payment and impose
a penalty interest of three thousandths per day for the breached part.

 

7.
For matters not covered, the two parties can negotiate and conclude a supplementary contract. The supplementary contract has the same
legal effect as this contract. Any party who fails to negotiate can bring a lawsuit to the people's court in China.

 

8.
This contract is valid for one year, and it will automatically terminate when it expires.

 

9.
This contract has two copies, with each party holding one copy, and it will take effect from the date of signing.

 

/s/
Anhui Aokai Fa Grease Technology Co., Ltd.

Party
A: Anhui Aokai Fa Grease Technology Co., Ltd.

Date:
May 15, 2020

 

/s/
Wulongshan Family Farm, Tangchi Town, Shucheng County

Party
B: Wulongshan Family Farm of Tangchi Town, Shucheng County

Date:
May 15, 2020

 

    10

     

    

 

Purchase
Advance Payment Contract

 

Party
A (payer): Anhui Aokai Fa Grease Technology Co., Ltd.

Party
B (Payee): Yuyun Wang

 

Party
B is Party A’s raw material supplier. In order to reduce operating costs and enhance the partnership between the two parties, Party
A agrees to prepay certain prices for the purchase of corresponding raw materials for Party B’s obligation to provide Party A with
Camellia seeds. After full negotiation by both parties, the following contracts have been concluded:

 

1.
Purpose of advance payment: Party B can only use the advance payment paid by Party A to purchase camellia seed raw materials, and shall
not use it for other purposes.

 

2.
Prepaid amount: RMB 8,000,000

 

3.
As Party B’s business scope also involves Camellia seed oil, Party A may also provide Party B with Camellia seed oil of the same
value as the advance payment to offset the advance payment. The price of Camellia seed oil shall be in accordance with Party A’s
regulations.

 

4.
Repayment method: Party B will deduct the advance payment in the form of Camellia seeds or equivalent currency to Party A. The repayment
period shall not exceed twelve months per year, and special circumstances shall be negotiated separately.

 

5.
Party B promises to provide Party A with Camellia Seeds at a price that is 2% lower than the actual price of Camellia Seeds on the actual
delivery date. After the prepayment is deducted, the settlement will be based on the actual market price.

 

6.
If Party B fails to use the advance payment as required by the agreement, Party A has the right to recover the advance payment and impose
a penalty interest of three thousandths per day for the breached part.

 

7.
For matters not covered, the two parties can negotiate and conclude a supplementary contract. The supplementary contract has the same
legal effect as this contract. Any party who fails to negotiate can bring a lawsuit to the people's court in China.

 

8.
This contract is valid for one year, and it will automatically terminate when it expires.

 

9.
This contract has two copies, with each party holding one copy, and it will take effect from the date of signing.

 

/s/
Anhui Aokai Fa Grease Technology Co., Ltd.

Party
A: Anhui Aokai Fa Grease Technology Co., Ltd.

Date:
May 20, 2020

 

/s/
Yuyun Wang

Party
B: Yuyun Wang

Date:
May 20, 2020

 

    11

     

    

 

Purchase
Advance Payment Contract

 

Party
A (payer): Anhui Aokai Fa Grease Technology Co., Ltd.

Party
B (Payee): Yuhuan Wang

 

Party
B is Party A’s raw material supplier. In order to reduce operating costs and enhance the partnership between the two parties, Party
A agrees to prepay certain prices for the purchase of corresponding raw materials for Party B’s obligation to provide Party A with
Camellia seeds. After full negotiation by both parties, the following contracts have been concluded:

 

1.
Purpose of advance payment: Party B can only use the advance payment paid by Party A to purchase camellia seed raw materials, and shall
not use it for other purposes.

 

2.
Prepaid amount: RMB 8,000,000

 

3.
As Party B’s business scope also involves Camellia seed oil, Party A may also provide Party B with Camellia seed oil of the same
value as the advance payment to offset the advance payment. The price of Camellia seed oil shall be in accordance with Party A’s
regulations.

 

4.
Repayment method: Party B will deduct the advance payment in the form of Camellia seeds or equivalent currency to Party A. The repayment
period shall not exceed twelve months per year, and special circumstances shall be negotiated separately.

 

5.
Party B promises to provide Party A with Camellia Seeds at a price that is 2% lower than the actual price of Camellia Seeds on the actual
delivery date. After the prepayment is deducted, the settlement will be based on the actual market price.

 

6.
If Party B fails to use the advance payment as required by the agreement, Party A has the right to recover the advance payment and impose
a penalty interest of three thousandths per day for the breached part.

 

7.
For matters not covered, the two parties can negotiate and conclude a supplementary contract. The supplementary contract has the same
legal effect as this contract. Any party who fails to negotiate can bring a lawsuit to the people's court in China.

 

8.
This contract is valid for one year, and it will automatically terminate when it expires.

 

9.
This contract has two copies, with each party holding one copy, and it will take effect from the date of signing.

 

/s/
Anhui Aokai Fa Grease Technology Co., Ltd.

Party
A: Anhui Aokai Fa Grease Technology Co., Ltd.

Date:
May 19, 2020

 

/s/
Yuhuan Wang

Party
B: Yuhuan Wang

Date:
May 19, 2020

 

    12

     

    

 

Purchase
Advance Payment Contract

 

Party
A (payer): Anhui Aokai Fa Grease Technology Co., Ltd.

Party
B (Payee): Zhenya Xu

 

Party
B is Party A’s raw material supplier. In order to reduce operating costs and enhance the partnership between the two parties, Party
A agrees to prepay certain prices for the purchase of corresponding raw materials for Party B’s obligation to provide Party A with
Camellia seeds. After full negotiation by both parties, the following contracts have been concluded:

 

1.
Purpose of advance payment: Party B can only use the advance payment paid by Party A to purchase camellia seed raw materials, and shall
not use it for other purposes.

 

2.
Prepaid amount: RMB 6,000,000

 

3.
As Party B’s business scope also involves Camellia seed oil, Party A may also provide Party B with Camellia seed oil of the same
value as the advance payment to offset the advance payment. The price of Camellia seed oil shall be in accordance with Party A’s
regulations.

 

4.
Repayment method: Party B will deduct the advance payment in the form of Camellia seeds or equivalent currency to Party A. The repayment
period shall not exceed twelve months per year, and special circumstances shall be negotiated separately.

 

5.
Party B promises to provide Party A with Camellia Seeds at a price that is 2% lower than the actual price of Camellia Seeds on the actual
delivery date. After the prepayment is deducted, the settlement will be based on the actual market price.

 

6.
If Party B fails to use the advance payment as required by the agreement, Party A has the right to recover the advance payment and impose
a penalty interest of three thousandths per day for the breached part.

 

7.
For matters not covered, the two parties can negotiate and conclude a supplementary contract. The supplementary contract has the same
legal effect as this contract. Any party who fails to negotiate can bring a lawsuit to the people's court in China.

 

8.
This contract is valid for one year, and it will automatically terminate when it expires.

 

9.
This contract has two copies, with each party holding one copy, and it will take effect from the date of signing.

 

/s/
Anhui Aokai Fa Grease Technology Co., Ltd.

Party
A: Anhui Aokai Fa Grease Technology Co., Ltd.

Date:
May 20, 2020

 

/s/
Zhenya Xu

Party
B: Zhenya Xu

Date:
May 20, 2020

 

    13

     

    

 

Purchase
Advance Payment Contract

 

Party
A (payer): Anhui Aokai Fa Grease Technology Co., Ltd.

Party
B (Payee): Changhong Wang

 

Party
B is Party A’s raw material supplier. In order to reduce operating costs and enhance the partnership between the two parties, Party
A agrees to prepay certain prices for the purchase of corresponding raw materials for Party B’s obligation to provide Party A with
Camellia seeds. After full negotiation by both parties, the following contracts have been concluded:

 

1.
Purpose of advance payment: Party B can only use the advance payment paid by Party A to purchase camellia seed raw materials, and shall
not use it for other purposes.

 

2.
Prepaid amount: RMB 6,000,000

 

3.
As Party B’s business scope also involves Camellia seed oil, Party A may also provide Party B with Camellia seed oil of the same
value as the advance payment to offset the advance payment. The price of Camellia seed oil shall be in accordance with Party A’s
regulations.

 

4.
Repayment method: Party B will deduct the advance payment in the form of Camellia seeds or equivalent currency to Party A. The repayment
period shall not exceed twelve months per year, and special circumstances shall be negotiated separately.

 

5.
Party B promises to provide Party A with Camellia Seeds at a price that is 2% lower than the actual price of Camellia Seeds on the actual
delivery date. After the prepayment is deducted, the settlement will be based on the actual market price.

 

6.
If Party B fails to use the advance payment as required by the agreement, Party A has the right to recover the advance payment and impose
a penalty interest of three thousandths per day for the breached part.

 

7.
For matters not covered, the two parties can negotiate and conclude a supplementary contract. The supplementary contract has the same
legal effect as this contract. Any party who fails to negotiate can bring a lawsuit to the people's court in China.

 

8.
This contract is valid for one year, and it will automatically terminate when it expires.

 

9.
This contract has two copies, with each party holding one copy, and it will take effect from the date of signing.

 

/s/
Anhui Aokai Fa Grease Technology Co., Ltd.

Party
A: Anhui Aokai Fa Grease Technology Co., Ltd.

Date:
May 21, 2020

 

/s/
Changhong Wang

Party
B: Changhong Wang

Date:
May 21, 2020

 

    14

     

    

 

Purchase
Advance Payment Contract

 

Party
A (payer): Anhui Aokai Fa Grease Technology Co., Ltd.

Party
B (Payee): Wenhao Zhang

 

Party
B is Party A’s raw material supplier. In order to reduce operating costs and enhance the partnership between the two parties, Party
A agrees to prepay certain prices for the purchase of corresponding raw materials for Party B’s obligation to provide Party A with
Camellia seeds. After full negotiation by both parties, the following contracts have been concluded:

 

1.
Purpose of advance payment: Party B can only use the advance payment paid by Party A to purchase camellia seed raw materials, and shall
not use it for other purposes.

 

2.
Prepaid amount: RMB 2,000,000

 

3.
As Party B’s business scope also involves Camellia seed oil, Party A may also provide Party B with Camellia seed oil of the same
value as the advance payment to offset the advance payment. The price of Camellia seed oil shall be in accordance with Party A’s
regulations.

 

4.
Repayment method: Party B will deduct the advance payment in the form of Camellia seeds or equivalent currency to Party A. The repayment
period shall not exceed twelve months per year, and special circumstances shall be negotiated separately.

 

5.
Party B promises to provide Party A with Camellia Seeds at a price that is 2% lower than the actual price of Camellia Seeds on the actual
delivery date. After the prepayment is deducted, the settlement will be based on the actual market price.

 

6.
If Party B fails to use the advance payment as required by the agreement, Party A has the right to recover the advance payment and impose
a penalty interest of three thousandths per day for the breached part.

 

7.
For matters not covered, the two parties can negotiate and conclude a supplementary contract. The supplementary contract has the same
legal effect as this contract. Any party who fails to negotiate can bring a lawsuit to the people's court in China.

 

8.
This contract is valid for one year, and it will automatically terminate when it expires.

 

9.
This contract has two copies, with each party holding one copy, and it will take effect from the date of signing.

 

/s/
Anhui Aokai Fa Grease Technology Co., Ltd.

Party
A: Anhui Aokai Fa Grease Technology Co., Ltd.

Date:
May 21, 2020

 

/s/
Wenhao Zhang

Party
B: Wenhao Zhang

Date:
May 21, 2020

 

 

15

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