Document:

Exhibit 10.12

 

 

 

Housing lease Contract

 

 

 

(Office space project)

 

 

 

 

 

 

 

 

 

 

 

Date of contract.  
 Year Month Day

 

     

    

 

    

 

Party A: 【Dalian
Software Park Rong Yuan Development Co. 】

 

Registered office.【Room
202H, 2/F, Jinhuai Building, No. 33 Hongchuan East Road, Dalian Hi-Tech Industrial Park, Liaoning Province】

 

Tel.【0411-84756943】
Fax 【116023】 Postcode. 【
】

 

Party B: 【CLPS
Dalian Co., Ltd. 】

 

Registered office.【Room
#01-01/02/03/04, 1st Floor, No. 1, Huixian Park, Qixianling, Dalian Hi-Tech Industrial Park, Liaoning Province, China】

 

Tel.【13898687842】
Fax 【 】 Postcode.【
】

 

The two parties, A and B, in
accordance with the laws and regulations in force in the People’s Republic of China, enter into this contract after friendly consultation
regarding the lease of Party A’s premises by Party B.

 

Chapter 1 Leasehold

 

1. Basic overview of the house

 

1.1 Party B voluntarily leases the premises owned
by Party A (hereinafter referred to as “the premises”), the basic overview of which is set out in the “Basic Information
Sheet of the Contract” attached to this contract; Party A guarantees that the facilities provided are in good condition.

 

1.2 Party A guarantees that the property right
of the house is clear and free from disputes. In case of any property right disputes or other debts related to Party A, Party A shall
be responsible for clearing them up; Party A shall be responsible for compensating for any losses caused to Party B.

 

2. Use of the house

 

2.1 The premises rented by Party B shall be used
only for the purpose of conducting business in the relevant industry as agreed in the “Basic Information Form of the Contract”
annexed to the Contract, and shall not be used for other purposes without the written consent of Party A. Party B shall not sublet or
sublet the premises in whole or in part to a third party or exchange the premises with a third party.

 

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2.2 Party B shall apply for and bear the costs
of all approvals, licences and other permits required for the operation of its business in the premises. Party B guarantees that all business
activities undertaken by it in the premises will obtain all business permits and other formalities issued by the government administration
for industry and commerce, and that it will maintain legal registration and permits throughout the lease period.

 

3. Handover of the house

 

3.1 Conditions of handover of the house

 

The conditions of handover
of the house are detailed in the Basic Information Sheet of the contract annexed to the contract and are subject to the actual conditions
at the time of handover.

 

Party B confirms that it has
inspected the house on site before signing this contract, and has fully understood and approved of the current state of the interior and
exterior of the house, its designed use and the then condition of its ancillary facilities and ancillary properties, and has no objection
to them.

 

3.2 Check-in handover process

 

3.2.1 Party B shall send an application for occupation
to Party A at least 2 working days before the commencement date of the lease as agreed in the contract, and Party A shall arrange personnel
to hand over the leased premises together with Party B in accordance with the handover conditions upon receipt of the application, and
the handover shall be completed before the commencement date of the lease; if Party B fails to make any payment as agreed before the occupation,
Party A shall have the right to refuse to go through the occupation procedures to deliver the premises to it and shall not be liable for
any breach of contract.

 

3.2.2 When there is no objection to the handover,
the representatives of A and B shall sign and confirm on the Notice of Occupancy respectively, and the handover of the house key or access
card shall be carried out after the signature (in case of
renewal of the tenancy agreement, the two parties shall no longer handle the handover process of occupancy, and the handover
shall prevail at the initial occupancy).

 

3.2.3 If the handover is actually used by you
or is not completed by the Lease Commencement Date for your reasons, the handover will be deemed to be complete, i.e. the Premises will
be deemed to meet the necessary standards and to have been delivered to you in good order on the Lease Commencement Date and the Lease
Term will commence.

 

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3.3 Check-out acceptance process

 

3.3.1 When withdrawing from the premises, Party
B shall submit an application for withdrawal to Party A within the time limit required by Party A 7 days prior to the expiry of the lease
term or early termination of the contract, and Party A shall arrange personnel to inspect and hand over the premises together with Party
B before the expiry of the lease term or early withdrawal date in accordance with the handover conditions stipulated in Clause 3.1 of
this contract.

 

3.3.2 Party B shall ensure that the original decoration
(including the ceiling) and facilities of the Premises are intact (except for natural damage) and that the condition of the room is restored
to its original condition as agreed in the original condition restoration standards in the Contract Basic Information Form attached to
this Agreement. In the event of any other damage or interruption to our rental, Party B shall compensate Party A for all losses, including
but not limited to the occupation fee of the premises during the restoration period, liquidated damages, agency fees or other losses incurred
as a result of the delay in delivery of the premises by Party A to the new tenant. The costs required for restoration shall be paid by
Party B at its own expense or, if entrusted to Party A for completion, the relevant costs shall be paid to Party A.

 

If Party B fails to return
the premises to Party A as agreed in this contract, Party A shall have the right to restore the premises to its original condition at
its own expense and all costs arising therefrom shall be borne by Party B. Party A shall also have the right not to remove but to retain
some or all of the improvements made by Party B and the aforesaid facilities and equipment owned by Party B. In such case, Party B shall
be deemed to have relinquished its ownership of such improvements, facilities and equipment and Party B shall not be entitled to claim
any compensation or indemnity in respect of such improvements, facilities and equipment retained by Party A. You shall not be entitled
to claim any compensation or indemnity in respect of such improvements, facilities and equipment retained by us.

 

3.3.3 When Party B withdraws from the premises,
all fees payable must be settled; if Party B has registered for business and industry in the rented premises, Party B shall change the
address of the business and industry registration to another place within 10 days after the termination of this contract and report the
approval or certificate from the relevant government authorities to Party A for backup.

 

3.3.4 After acceptance, all keys or access cards
of the rooms will be returned to Party A after the representatives of Party A and Party B respectively sign and confirm on the Notice
of Check-out.

 

Chapter 2 Term of Lease

 

4.1 Lease term

 

4.1.1 The term of the lease is detailed in the
Basic Information Sheet of the Contract annexed hereto.

 

4.1.2 If Party B does not move in on time for
reasons other than Party A’s handover, the lease term shall commence on the contractual commencement date.

 

4.1.3 If Party A transfers the premises during
the lease period, it shall give Party B two months’ notice
in advance and guarantee the continued performance of this contract. Party B
shall have the right of first refusal under the same conditions, but Party B shall have no right of first refusal if Party
A transfers the whole building (where Party B leases the premises). If Party B exercises its right of first refusal, it shall give a written
reply within five days from the date of receipt of the notice, failing which it shall be deemed to have waived its right of first refusal.

 

4.2 Lease renewals

 

4.2.1 If Party B needs to continue to lease the
premises after the expiry of the lease term, it shall submit an application for renewal of the lease to Party A in writing two
months before the expiry of the lease term; if Party B fails to notify Party A on time, Party A shall have the right to deal
with it in accordance with Party B’s non-renewal of the lease.

 

4.2.2 Party A shall reply to Party B’s application
for lease renewal within 10 working days upon receipt of such application. Upon mutual agreement, Party B shall sign a lease renewal contract
one month before the expiry of the lease; if the
contract is not signed on time, Party A shall have the right to deal with it in accordance with Party B’s non-renewal of the lease.

 

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4.2.3 The parties agree that if the renewal of
the lease is agreed, the parties may sign the Annexed Basic Information Form only and this contract shall continue to be valid during
the renewal period; matters relating to the payment of fees during the renewal period and any amendments to this contract may be added
to the Basic Information Form with the corresponding terms and conditions, which shall take precedence over the terms of this contract.

 

4.2.4 If Party B does not intend to renew the
lease, or if the parties fail to sign a renewal contract within one
month before the expiry of the lease term, Party A shall have the right to enter into an intention or contract to lease the
Leased Premises with a third party, and shall have the right to carry out the leasing of the Leased Premises to Party B. Party B may,
at any reasonable time upon prior notice, allow the new lessee or user of the Leased Premises to survey the site and carry out the necessary
inspection of the premises, and Party B shall You shall co-operate.

 

4.3 Surrender of rent

 

4.3.1 Upon expiry, termination or early termination
of the contract, Party B shall move out of the premises as scheduled and in accordance with the agreed standard. If Party B fails to move
out of the premises on time, Party A may grant a grace period of three
working days; if Party B still fails to move out within the grace period, Party B shall pay double the rent and the occupation
fee of the property fee standard according to the actual number of days of stay, and Party A may take any measures to exercise the ownership
and right to use the leased premises, and has the right to replace the keys of the leased premises and prohibit Party B and its associated
third parties from re-entering the leased premises; for For the renovation of the leased premises and the articles, equipment and facilities
left by Party B and its associated third parties, they are deemed to have been abandoned by Party B and Party A has the right to dispose
of them by itself, and Party B shall not claim any rights and incur any costs against Party A as a result. The costs incurred (including
but not limited to attorney’s fees, construction costs for restoration of the original condition, relocation costs, clearance costs, auction
costs, storage costs, etc.) shall be borne by Party B. If the proceeds from the disposal are not sufficient to cover the costs payable
by Party B, Party A shall have the right of recourse against Party B.

 

4.3.2 Upon expiry, cancellation or early termination
of the contract, both parties shall go through the procedures for handing over and acceptance of the rent and settlement of expenses in
accordance with the requirements of this contract; the date when the premises are inspected and accepted by Party A and the Notice of
Withdrawal is issued shall be the official withdrawal date of Party B.

 

Chapter 3: Rental and other fees and payment
methods

 

5. Rent, property management fees and other
fees and payment methods 

 

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5.1 Rates for rent, etc.

 

Party A is a general taxpayer.
The amount and method of payment of rent, property management fees and other charges are detailed in the Annex “Basic Information
Sheet of the Contract” and the prices stated therein are all tax inclusive.

 

5.2 Performance bond

 

5.2.1 The standard and amount of payment of the
performance deposit are set out in the Annex “Basic Information Sheet of the Contract”. Party B shall pay the deposit to Party
A together with the first installment of rent and property management fee; Party A shall issue a receipt for receipt for Party B upon
receipt of the performance deposit.

 

5.2.2 In the case of a renewal contract, Party
B has paid the corresponding performance deposit. If there is no change in the rent and property charges, Party B may not pay the performance
deposit; if there is a change in the rent and property charges, the renewal contract will be executed as agreed.

 

5.2.3 The performance bond is a security deposit
delivered by Party B to guarantee the performance of Party B’s obligations under this Agreement. Party A shall have the right not to apply
it against the rent, property charges, liquidated damages and any other expenses (including but not limited to losses incurred by Party
A or third parties as a result of Party B) owed by Party B. Party A shall have the right to choose to recover the relevant outstanding
amount and liquidated damages directly from Party B. If Party A adopts to set off all or part of the performance bond against the amount
owed by Party B to Party A, Party B shall make payment to Party A within 5 working days upon receipt of Party A’s notice to re-fill the
original amount of the performance bond, and if the performance bond is insufficient to set off, Party A shall have the right to continue
to recover the outstanding portion from Party B, or else bear the liability for default in respect of overdue fees in accordance with
Clause 11.1 of this Agreement.

 

5.2.4 Upon expiry of the lease term or early termination
of the contract, Party B shall pay all the fees payable under this contract and complete the check-out and acceptance process as agreed
in this contract, and Party A shall return the performance deposit to Party B without interest within 30 days from the date Party A takes
over the leased premises and accepts the premises. In case of late return, Party A shall pay to Party B a late payment of 0.1% of the
total performance deposit on a daily basis.

 

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5.3 Payment methods

 

5.3.1 Rent and property management fees

 

5.3.1.1 Party B shall pay the rent and property
management fee to Party A’s account as agreed in the Basic Information Form of the Contract.

 

5.3.1.2 If there is any change to the account
number specified by us, we shall notify you in writing at least 14 days in advance of the next payment date; you shall not be liable for
any failure to receive payment on time as a result of our failure to properly comply with the aforesaid notification obligations.

 

5.3.2 Water and electricity charges in the leased
area

 

5.3.2.1 Water and electricity charges in the leased
area shall be collected by Party A on behalf of Party B according to the actual occurrence of Party B. The property management company
hired by Party A shall issue an itemized breakdown to Party B. The meter will be read on the 20th of each month and the bill will be paid
by the 20th of the following month.

 

5.3.2.2 In the event that the government adjusts
the water and electricity tariff during the lease period, the adjusted standard will be implemented according to the corresponding range.
Party A shall give written notice of the adjusted standard to Party B. The adjusted water and electricity tariffs shall take effect in
the month in which Party A gives written notice.

 

5.3.2.3 Charges in the event of a meter failure
are based on the average of the water and electricity bills for each month from one month prior to the failure to four months prior to
the failure.

 

5.3.2.4 Costs incurred for the use of air-conditioning,
heating, etc., required outside the contracted hours shall be as agreed in the Contract Annex “Basic Information Sheet for Contracts”.

 

5.3.3 Communication fee: To be paid by Party B
to the relevant communication operation service provider.

 

5.3.4 Taxes: All kinds of taxes and fees incurred
as a result of this contract shall be handled by both parties in accordance with the relevant provisions of the tax law of the People’s
Republic of China.

 

5.4 During the lease period, Party A may reasonably
adjust the property management fee due to changes in government policies, the market and other reasons and the increase or decrease of
property service content, but shall negotiate with Party B on the standard of the property management fee.

 

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Chapter 4 Property
Services and Asset Maintenance

 

6. Contents of property services

 

6.1 During the lease period, Party A or the property
management company entrusted by Party A shall be responsible for the property service work of the house, and the contents of the property
service are detailed in the Annex of the contract “Contract Basic Information Form”.

 

6.2 During the term of the lease, Party B is responsible
for the cleaning and the fire and security work in the leased premises as well as the property work which is not part of the above property
services.

 

6.3 During the lease period, Party B shall manage
the contents of the premises by itself.

 

7. Property Covenants

 

7.1 During the lease period, we are obliged to
coordinate the relationship between Party B and the property management company responsible for the management of the common areas.

 

7.2 Upon occupation, Party B shall provide the
property management company engaged by Party A with the contact numbers of three main contacts for backup in case of emergency or other
situations.

 

7.3 During the lease period, for the sake of safety,
when Party B needs to move office furniture and computers and other items out of the building, it should register with Party A’s property
management department in advance.

 

7.4 Party A shall have the right to change the
name of the building in which the leased premises are located (hereinafter referred to as “the Building”) as necessary, provided
that Party B is notified in writing or by public notice 30 days in advance.

 

7.5 A unified standard signage system will be
set up in the lobby of the main entrance of the building. When Party B moves in, Party A will provide Party B with the production and
installation of the signage once free of charge (limited to Party B’s first move-in), and the name of the signage will be limited to the
name and room number recorded in this contract; without Party A’s written consent, Party B shall not post, set up or hang LOGO, drape
or other signage outside its leased area and conduct related You shall not post, install, hang logos, drapes or other signs or conduct
related promotional activities outside the leased area without our written consent.

 

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7.6 In order to ensure the safety of electricity
consumption, a 10-hour power outage will be carried out once every two years for the building’s electricity equipment in accordance with
the Electricity Law, and Party A will notify Party B 60 calendar days before the day of the power outage.

 

7.7 In order to ensure the normal operation of
the air conditioning, there will be 15 days of equipment maintenance days each year during the winter-summer and summer-winter switchover
periods, during which the operation of the building’s air conditioning system will cease; Party A will notify Party B 7 calendar days
in advance.

 

7.8 During the lease period, Party B should pay
attention to property and personal safety, and Party B is the first responsible person and the ultimate responsibility bearer of fire
safety. All responsibilities for personal injuries or fire accidents not due to Party A shall be borne by Party B; Party B shall compensate
for any losses caused to Party A.

 

8. Maintenance and repair of the house

 

8.1 Party A shall be responsible for the maintenance
and repair of natural damage to the house and ancillary facilities. Party A’s responsibility for the maintenance of the house shall be
limited to the original structure of the house, the power supply lines and the common parts of the house without alteration by Party B.

 

8.2 The maintenance obligations and the maintenance
costs of the parts decorated and renovated by Party B, the equipment and facilities and property added by Party B shall be borne by Party
B. Party B shall ensure that they are in a suitable and safe condition and shall not endanger the personal and property safety of the
rented premises, the building and other users.

 

8.3 During the lease period, Party B shall promptly
notify Party A or the property management company of any damage or malfunction to the premises and ancillary facilities, and Party A shall
not be liable for any loss caused to Party A as a result of untimely notification by Party B.

 

8.4 Party A shall, upon receipt of the above notice,
carry out maintenance after judging the responsibility according to the actual situation; if the damage or fault is within the scope of
Party B’s maintenance responsibility or if it is within the scope of Party A’s maintenance but caused by Party B’s improper use or intentional
damage, Party B shall carry out timely repair and notify Party A or the property management company; if Party B refuses to carry out repair
within three calendar days upon receipt of Party A’s supervisory notice, Party A may carry out repair on behalf of Party B at Party B
shall bear the cost.

 

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8.5 The party responsible for maintenance shall
compensate the other party for direct economic loss if delayed maintenance or improper maintenance causes damage to the other party.

 

9. Renovation and alteration of the house

 

9.1 In addition to the provisions of this Contract,
if Party B needs to install additional ancillary facilities and equipment, it shall obtain prior written consent from Party A and, if
it is required to report to the relevant authorities for approval, it shall also submit to the relevant authorities for approval before
proceeding.

 

9.2 With the written consent of Party A and the
approval of the relevant government authorities (if required), Party B may carry out secondary decoration of the premises according to
its business needs, but shall comply with Party A’s regulations on secondary decoration and relevant national regulations and bear all
costs incurred in the decoration (including the costs of alteration and increase of fire-fighting facilities, etc.), while Party A has
the right to supervise the decoration process of Party B. Party A has the right to stop Party B from violating the national regulations
and this contract, and to request Party B to compensate for the losses caused to Party A as a result.

 

9.3 Party B shall be responsible for the fire-fighting
examination and inspection of the decoration of the rented area and shall not use the premises before obtaining fire-fighting acceptance
and other formalities; if Party B carries out decoration or alteration without fire-fighting examination and inspection or obtains other
formalities or uses the unexamined premises, all responsibilities arising therefrom shall be borne by Party B and Party B shall fully
compensate for any losses caused to Party A.

 

9.4 The per capita floor area of the office area
before and after Party B’s renovation shall not be less than 10
square metres and the weight of the articles in the area shall not exceed the floor load-bearing standard of 200
kilograms per square metre. If Party B violates the above standard, all consequences shall be borne by Party B and Party B
shall fully compensate for any losses caused to Party A.

 

9.5 In view of the different occupation times
of the tenants in this building, in order to ensure the working environment of the tenants who occupy the building first, the decoration
period shall be specified by Party A or the property management company, and Party B and the decoration contractor shall apply again in
special circumstances; Party B shall carry out the construction work in a manner consistent with this contract and the relevant property
management regulations, and shall not use the common passageway of the floor or the area outside the scope of the tenancy as a pile of
building materials or tools without the consent of Party A. The use of the common passageway and the area outside the leased area shall
not be used for stacking building materials or tools without our consent.

 

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10. Entry inspection and adjacency

 

10.1 Entry work checks

 

10.1.1 Party B agrees that Party A or the property
management company may enter the parts of the building leased by Party B for maintenance, sanitation, burglary, disaster prevention, ambulance
or other management purposes or for the maintenance of adjacent tenants; normally, Party A shall give 24 hours’ notice to Party B.

 

10.1.2 Party A or the property management company
shall be accompanied by Party B’s personnel to enter the premises. In case of emergency and if Party B cannot be contacted, Party A or
the property management company shall have the right to enter the premises to deal with the emergency and shall not be liable for any
loss caused to Party B as a result, but shall explain the emergency to Party B afterwards.

 

10.1.3 In the event of the above, Party B shall
support and cooperate with the work of Party A or the property management company; Party A or the property management company shall minimise
the impact on Party B.

 

10.2 Adjacency

 

10.2.1 Party B shall not do or tolerate any act
which may cause a nuisance or disturbance to us or to neighbouring occupiers.

 

10.2.2 If a dispute arises between Party B and
a neighbouring tenant, Party A shall be obliged to co-ordinate.

 

10.2.3 In the event of a dispute between adjacent
tenants caused by Party B, Party A shall have the right of recourse against Party B if the adjacent tenants bring proceedings against
it and Party A is named as a defendant or third party and is held liable.

 

10.2.4 If, during the term of the lease, any rectification
request is made by any government authority in respect of the renovation (including but not limited to fire safety facilities) of the
adjoining unit of the Premises, Party B shall provide all necessary assistance and cooperation as required by Party A or the property
company to comply with such rectification request; if Party B suffers any loss as a result, Party B shall, with the assistance of Party
A, negotiate with the occupants of the adjoining unit to settle the compensation issue We shall not be liable in any way for such damages.
You shall not refuse or delay to provide such assistance or cooperation on the ground that you have not yet reached agreement with the
occupants of the adjoining unit.

 

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Chapter 5 Liability for breach of contract,
dispute resolution

 

11. Liability for breach of contract

 

11.1 Late Payment of Fees

 

11.1.1 During the lease period, if Party B fails
to pay the rent, property charges, utilities, performance bond or other relevant charges payable as agreed in the contract, Party B shall
pay to Party A a late payment fee of 0.1% of the overdue charges for each day of delay without prejudice to other rights or remedies of
Party A. The late payment fee shall be calculated from the date on which each of the above charges is payable until Party B has paid all
the aforementioned charges in full. The late payment period shall commence on the date on which each of the above fees is payable and
shall continue until all of the aforementioned fees, principal, late payment and other related fees are paid.

 

11.1.2 Party B shall not move the assets in the
leased premises without Party A’s consent unless Party B has paid the rent and other charges in accordance with the contract. If Party
B fails to pay the appropriate fees on time even after a reminder has been sent to it by Party A, Party B agrees that Party A may take
the following remedial measures to protect Party A’s interests, namely

 

(1) Party A has the right to terminate the functions
of the premises rented by Party B, including but not limited to termination of the provision of water, electricity, air-conditioning,
lift, access to the premises and other functions until Party B has paid in full in accordance with the contract, and all economic losses
that may be incurred by Party B as a result shall be borne by Party B. Party B shall be responsible for all costs incurred in reconnecting
the above-mentioned functions and shall pay the normal rent and property charges during the period of disconnection.

 

(2) Move all the assets in Party B’s house to
Party A’s asset pool and if Party B pays the full cost, Party A will return Party B’s assets; if Party B does not pay the full cost within
fifteen days, Party A has the right to dispose of Party B’s assets.

 

11.1.3 In the event that Party B defaults on the
payment of rent, property charges, utilities, performance bond or any other fees payable (not paid in full) for more than 60 days in aggregate,
Party A shall have the right to unilaterally terminate the contract and repossess the Premises and Party B shall pay to Party A all outstanding
amounts due under this contract (including outstanding fees and corresponding late payment fees) for the period of actual use of the Premises,
20% of the total rent and You shall also pay 20% of the total rent and property charges for the remaining tenancy period, and indemnify
us for any loss suffered by us as a result (including but not limited to legal fees, court costs, rent, management and air-conditioning
fees and other costs that we could have collected under this contract during the vacancy period, as well as the investment leasing costs
incurred in leasing the premises to a new tenant, etc.), and the performance deposit received by us shall not be refunded.

 

11.2 Early termination of contract

 

During the term of the lease,
unless otherwise agreed herein, neither party may unilaterally terminate this contract without statutory or agreed reason.

 

Either party may unilaterally
terminate the contract if the following conditions are met and confirmed and agreed to by the other party: (1) a written application is
made to the other party at least 90 days in advance; (2) liquidated damages are paid to the other party at 20% of the total rent and property
charges for the remaining tenancy period; (3) all costs incurred and agreed to be payable under this contract are settled before the date
of surrender.

 

The Parties further clarify
that the following two circumstances shall not be subject to this Clause 11.2: (1) if Party B needs to terminate this Agreement early
due to expansion of the lease (i.e. leasing a larger area of premises in the development and management zone of Party A and a lease contract
has been actually signed), Party A and Party B shall discuss the operation procedure separately; (2) if Party B needs to change the subject
of the lease and Party A agrees in writing, Party A and Party B may jointly negotiate (2) If Party B needs to change the subject of the
lease and Party A agrees in writing, Party A and Party B may mutually agree to terminate this contract early and assign the remaining
term and rights and obligations to the new subject of the lease, provided that Party B proves that the new subject of the lease is an
associated company of Party B and provides an unlimited joint and several liability guarantee for the continued performance of this lease
by the new subject of the lease.

 

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11.3 Other serious non-compliance

 

In the event of any serious
breach of contract by Party B as stipulated in the following clauses or other circumstances of termination as agreed in this contract,
Party A shall have the right, in addition to exercising its rights under the law, to unilaterally terminate this contract and require
Party B to pay 20% of the total rent and property charges for the remaining term of the lease, and to compensate Party A for any loss
suffered as a result (including but not limited to legal fees, litigation costs, vacant premises (including but not limited to attorney’s
fees, court costs, rent, management and air-conditioning fees and other costs that Party A could have collected under the provisions of
this contract during the period of vacancy, as well as the investment leasing costs incurred in leasing the premises to a new tenant,
etc.) and the security deposit received by Party A shall not be refunded.

 

11.3.1 if Party B is 30 days overdue in the occupation
procedures from the commencement date of the lease (including failure to pay the down payment or security deposit, failure to hand over
the premises to Party A, etc.).

 

11.3.2 if Party B demolishes or renovates the
Premises (including ancillary facilities) or changes the use of the Premises without the written consent of Party A.

 

11.3.3 if Party B engages in any illegal or unlawful
activity in the premises.

 

11.3.4 if Party B’s conduct seriously violates
relevant national standards or regulations, causing serious impact on the environment of the Park or other customers, or if Party A requests
Party B to rectify the situation within a specified period and Party B still fails to do so within the period limited by Party A.

 

11.3.5 without our written consent, Party B sublets
the premises, transfers the tenancy of the premises or exchanges the respective tenancy with others, or increases or changes the registered
business in breach of contract.

 

11.3.6 Any other material breach of this Agreement
by Party B.

 

11.4 Waiver of rights

 

Where Party A understands that
a breach of contract has occurred and accepts the rent, this shall not be deemed to be a waiver of Party A’s right to pursue the breach.
If Party A waives any of its rights under the terms and conditions of this contract, such waiver shall only be made on the basis of Party
A’s written seal and any payment of rent or other sums by Party B which is not in full, even if Party A accepts the payment in full, shall
not be deemed to be Party A’s consent to Party B’s payment in reduced amount, nor shall it affect Party A’s right to recover the shortfall
in rent or arrears, nor its right to take other measures as provided for in this contract or by law.

 

12. Applicable law and dispute resolution

 

12.1 The laws of the People’s Republic of China
shall apply to this Contract.

 

12.2 Disputes arising from the performance of
this contract shall be settled by friendly consultation between the parties; if consultation fails, both parties may sue in the People’s
Court where the house is located.

 

    12

    

 

    

 

Chapter 6 Other Agreements

 

13. Force majeure

 

13.1 Force majeure as referred to in this contract
refers to flood, typhoon of grade 8 or above, earthquake, war, change in government planning and other events that are unforeseeable,
insurmountable and beyond the control of either party to the contract. The party proposing force majeure must inform the other party 24
hours after the end of the force majeure and produce a documentary proof from the relevant local government department within 15 days
after the occurrence of the force majeure.

 

13.2 In the event of a force majeure event causing
damage to the leased property which cannot be used normally, Party A shall repair the property as soon as possible and shall be exempt
from paying rent during the repair period, and shall continue to calculate the rent after the leased property is restored to use, and
the validity of the contract shall be postponed accordingly; in the event of a force majeure event causing damage to the leased property
which cannot be repaired, both parties shall have the right to terminate the contract without assuming any responsibility.

 

13.3 If force majeure ceases or its effects are
naturally removed, the contract shall continue to be performed from that date and its validity shall be extended accordingly.

 

13.4 The party who suffers an event of force majeure
shall take effective measures to prevent the extension of the damage, failing which it shall be liable for the extended portion of the
damage.

 

14. Confidentiality

 

Neither party shall disclose
to third parties the contents of this contract and the trade secrets of the other party known to it in the course of the conclusion and
performance of this contract, whether or not this contract is concluded and performed, and this clause shall survive the termination of
this contract.

 

15. Notification

 

The usual form of notice to
be given by either party in fulfilling its obligations under this contract shall be in writing.

 

Notice given by one party to
the other in the course of the execution of this contract shall be deemed to be valid service of notice when served in writing by hand,
courier, post (including registered or EMS), fax, e-mail or conspicuously posted at the door of the leased premises. The date of service
of the notice shall be determined in accordance with the following principles.

 

(1) Dedicated, courier: delivery
is deemed to take place on the day it is handed over to a dedicated person or courier.

 

(2) By post: delivery is deemed
to take place on the third calendar day of dispatch by registered post or EMS.

 

(3) Fax, e-mail: delivery is
deemed to occur at the same time as the fax machine or e-mail shows successful delivery.

 

(4) Posting at the door: service
is deemed to be effected by the third calendar day of posting.

 

From the date of actual delivery
to the date of completion of the surrender procedures, the address of the premises leased by Party B shall be Party B’s contact address.
In the event that Party A’s relevant notice cannot be served directly to Party B (including and not limited to Party B’s whereabouts unknown
or refusal to accept), Party A shall be deemed to have served the notice if it is sent to such address by courier or EMS, and the date
of signature or refusal shall be the date of service.

 

During the term of this contract,
if one party changes its contact address, telephone number, fax number or addressee in the Contract Basic Information Form attached to
this contract, it shall notify the other party in writing within 3 days of the change, otherwise the responsibility and consequences of
any resulting non-delivery or undeliverability shall be borne by that party.

 

    13

    

 

    

 

16. Declaration of the Parties

 

Both parties have full civil
capacity at the time of signing this contract, and both parties have fully negotiated and informed each other about the terms and conditions
involving their respective rights and obligations and reached a consensus; both parties are willing to perform in accordance with the
agreement of this contract, and the party in breach is willing to accept the other party’s breach of contract to pursue.

 

17. Integrity of the contract

 

This contract and its annexes
are the final and complete contract between the parties in respect of the lease of the premises and supersede all previous or contemporaneous
understandings and agreements reached between the parties in this regard. This contract shall not be amended without the written consent
of both parties; any matters not covered by this contract shall be settled by separate negotiations between Party A and Party B and a
supplementary agreement shall be signed, which shall have the same legal effect as this contract.

 

18. In this contract, unless the context otherwise
requires, the following interpretation shall apply.

 

18.1 The numbering of entries in this contract
and their headings are for convenience of reference only and shall have no effect in the interpretation of this contract.

 

18.2 The Annexes hereto shall be an integral part
hereof; references to “clauses”, “paragraphs” and “annexes” hereto shall be construed as clauses, paragraphs
and annexes hereto. The term “this Contract” shall include the Annexes hereto and such modifications thereafter as the Parties
may from time to time agree in writing.

 

18.3 references to “this Contract” or
any of its terms or to any other document shall be construed as including the version in force at that time as modified, varied, updated
or supplemented.

 

18.4 The Chinese language shall be the dominant
language for the writing, interpretation and explanation of this contract; in the event of different interpretations of the text in different
languages, the Chinese text of the contract shall prevail.

 

19. This contract is made in oneRampant One
copy to be executed by Party A II Party A and Party B II The contract shall take effect after it has been signed or sealed by both parties.

 

20. The annexes to this contract include the
following: Annexes.[1. “Basic Information Form of the Contract”, 2. “Schedule of
Rental Property Fee Payment”, 3. “Standard for Restoration of Original Condition”; if the content of the annexes is inconsistent
with the main contract, the content of the annexes shall prevail in execution.]

 

    14

    

 

    

 

IN WITNESS WHEREOF the parties have entered into
the following.

 

	Party A: (seal)	 	Party B: (seal)
	 	 	 
	Legal representative/authorised representative:	 	Legal representative/authorized representative:
	 	 	 
	Head of Operations:	 	Head of Operations.
	 	 	 
	2021.11.12	 	 

 

    15

    

 

    

Annexes.

 

Basic Contract Information
Form

 

	Lessees	CLPS Dalian  Co., Ltd.	Email	 
	Contact number	041182410800/13898687842	Postcode	 
	Contact address	Room #01-01/02/03/04, 1st Floor, No. 1, Huixian Park, Qixianling, Dalian Hi-Tech Industrial Park, Liaoning Province
	Lease of premises	 5/F, #501-503/504-506/507, 30 Cuitao Street, High-tech Park	Building area	1388.45 sqm
	House use	Business office use in software-related industries
	Lease term	2021-12-31 to 2024-12-30

 

	 	Rental and other rates
	Rental unit price	1.60RMB/calendar day*sqm, rent does not include electricity and communication costs.
	Unit price of property charges	RMB 1.00/calendar day*sqm
	Unit price of electricity	RMB1.05/kWh, and in case of government adjustment of electricity tariff during the lease period, the standard will be implemented according to the corresponding adjusted range.
	Unit price of water	RMB4.60/t, if the government adjusts the water price during the lease period, the standard will be implemented according to the corresponding adjusted range.
	Communication Fee	Payable by Party B to the relevant communications operator
	Water, electricity and heating costs outside Party B’s leased area	Included in rent and property management fees
	Secondary renovation costs	
    Prior to the commencement of the renovation by
    Party B, Party A will charge the following renovation management fees based on the leased floor area of Party B.

     

    Renovation deposit (refundable) RMB20/m2
    , renovation management fee (non-refundable) RMB5/m2 , temporary electricity fee (refundable) RMB5/m2, temporary
    water fee (non-refundable) RMB1/m2.

     

	Air conditioning delay charges	
    Refrigeration: RMB300/hour

     

    Heating: RMB100/hour

     

	Car park management fee	The car park charges of the building will apply.
	Electricity Capacity Increase Charges	If the demand for electricity in the leased room of Party B exceeds the design standard of the building, Party B may apply to Party A for additional capacity at a charge of RMB300/KW, and Party B shall pay the additional capacity fee in one go before the construction of the additional capacity. Party B’s capacity increase plan shall be approved by Party A before construction, and Party B shall be responsible for the capacity increase construction and bear the construction cost.

 

    16

    

 

    

 

	Performance bond	The total amount of rent and property charges for 90 calendar days shall be paid by Party B to Party A together with the down payment, i.e. (in capital letters): Three hundred and twenty thousand, eight hundred and ninety-seven dollars and thirty cents (RMB324,897.30)
	
    Rent and property

management fees 

    Total amount

     
	
    1. The total amount of rent and property management
    fee payable (in capital letters) is: $3,956,527.11 (RMB 3,956,527.11)

     

    2. Discount during the lease period: Three hundred
    and eighty thousand, four hundred and thirty-five dollars and thirty cents (RMB 380,435.30)

     

    3. The actual total amount of rent and property
    management fees payable (in capital letters) is: $3,576,091.81 (RMB 3,576,091.81)

     

    The total amount of rent (in capital letters)
    is: Two Million Five Hundred and Fifty Thousand Three Hundred and Fifty Dollars and One Cent (RMB 2,054,350.61)

     

    The total amount of property charges (in capital
    letters) is: One Million Five Hundred and Twenty Two Thousand Seven Hundred and Forty One Yuan and Two Cents (RMB 1,521,741.20)

     

	
    Rent and property

management fees 

    Payment methods

     
	
    Prepaid on a [every three months] payment cycle,
    i.e.

     

    1,
    2021-11-18 before the payment (capital): one hundred and twenty-two thousand two hundred and ninety-five yuan and eighty cents (¥
    622,905.18 yuan);

     

    The total amount of rent (in capital letters) is one hundred and seventy-one thousand one hundred and ninety-nine yuan and four cents
    (RMB 171,196.04);

     

    The total amount of property charges (in capital letters) is: one hundred and twenty-two thousand, one hundred and eighty-one yuan and
    eighty cents (RMB 126,811.84); the period of representation is: 2021-12-31 to 2022-03-27; the

    performance guarantee (in capital letters) is: three hundred and twenty-two thousand, one hundred and eighty-nine yuan and three cents
    (RMB 324,897.30)

     

    2. In addition to the first installment of rent
    and property charges, Party B shall pay to Party A the rent and property charges for the next payment cycle before the end of each payment
    cycle, details of the payment schedule and fee rates are set out in the Schedule of Payment of Rent and Property Charges in Annex II.

     

    Party A shall provide Party B with a valid invoice
    for the same amount within 15 calendar days after confirming receipt of the full rent and property management fee for the respective representative
    period. If Party B pays by telegraphic transfer, the time of acknowledgement of receipt of the rent and property management fee shall
    be the date when the bank issues the telegraphic transfer voucher.

     

    Account: Received by: CLPS Dalian Co.,
    Ltd.

     

       Bank of Account: ICBC Dalian
    Friendship Square Sub-branch

     

       Account number: 3400203419300134615

     

 

    17

    

 

    

 

	
	 	Existing facilities and finishes in the house
	Central air conditioning
    	Good
	Concrete floor	Good
	Light fittings, switches, sockets	Good
	Wall Wall	Emulsion paint and glass textures, good
	Sky Shed	Good
	Communication facilities	Voice and network access available

 

Property
Services

 

1、 Security services: regular tour management of security in the outside areas of the building; 24-hour monitoring and management of fire fighting and surveillance facilities.

 

2、 Cleaning services: daily cleaning of public areas outside the building and outside Party B’s leased area within the building; greening of public areas; disinfection and pest control inside and outside the building; external curtain wall cleaning.

 

3、 Maintenance and repair: maintenance and management of public facilities and equipment in the building.

 

4、 Business services: mail collection and delivery, newspaper subscriptions.

 

5、 Ancillary services: heating services are provided from 8:00 am to 18:00 pm Monday to Friday during the heating period set by the government, except for statutory holidays, and central air-conditioning delivery and cooling services are provided from 8:00 am to 18:00 pm Monday to Friday during the period from 15 May to 15 September each year.

 

6、Other services: Party B enjoys the production of the company name on the water sign in the hall during the lease period when it first moves in.

 

In-situ
restoration standards

 

Refer
to Annex III of this Agreement: Standards for Restoration to Original Condition

 

    18

    

 

    

 

Remark

 

On
the basis of compliance with the terms and conditions of this contract, both parties hereby confirm the following additional concessions.

 

Party
A has the right to grant Party B corresponding concessions (including but not limited to renovation period, rent-free period, etc.)
according to its own commercial judgment and operational needs. Party B shall not be entitled to any preferential terms granted by
Party A. In addition to the liability for breach of contract as stipulated in Chapter 11 of this contract, Party B shall also pay to
Party A the full amount of the preferential terms enjoyed before the termination of the contract.

 

On the basis of compliance
with the terms and conditions of this contract, both parties, after friendly consultation, agree to make the following amendments and
adjustments to the contents of the contract.

 

The last sentence of
Article 1.2 shall be amended to read: Party A shall be responsible for compensating for any damage caused to Party B. If the contract
cannot continue to be performed, Party A shall pay Party B liquidated damages at 20% of the total rent and property charges for the remaining
term of the lease.

 

  The first paragraph
of Article 3.3.2 shall be amended to read: Party B shall ensure that the original decoration (including the ceiling) and facilities of
the premises are intact (except for natural damage). If at the end of the lease term Party B finds an interested tenant who agrees to
lease the premises in accordance with the current state of the premises (i.e. the condition that has not been restored after renovation
by Party B), Party B does not need to restore the premises to its original state and can directly handle the handover procedures with
Party A and the third party in accordance with the current state of the premises at that time, and the three parties will sign a separate
agreement and agree in such agreement that the third party will restore the room to the condition as set out in Annex III to this contract,
“Standards for Restoration to Original State”, upon surrender of the lease. Standards for Restoration to Original Condition”.

 

4.1.2 Add at the end
of clause 4.1.2: If Party B is unable to move in on time due to Party A, the term of the lease shall be extended accordingly. If Party
B is late in moving in for [15] days due to the aforesaid reasons, Party B shall have the right to unilaterally terminate this contract
and request Party A to return all the rent and property management fees paid by Party B and pay Party B liquidated damages at the rate
of 0.1% per day on the basis of such fees, with the liquidated damages being calculated from the date of actual payment of such fees
by Party B to Party A to the date of actual return of such fees by Party A to Party B. The liquidated damages shall be calculated from
the date of actual payment of such fees by Party B to the date of actual return of such fees by Party A to Party B.  

 

Article 4.2.2 is amended
to read: Party A shall reply to Party B’s application for renewal of the lease within 10 working days upon receipt of the application,
and if both parties agree to renew the lease, both parties shall sign a renewal contract one month before the expiry of the lease. Party
A shall sign a supplementary renewal contract with Party B as soon as possible.

 

The
first sentence of Article 4.2.4 is amended to read: If Party B does not intend to renew the lease, or if for reasons attributable to
Party B, the parties fail to sign a renewal contract one month before the expiry of the lease.

 

Article
7.8 is amended to read: During the lease period, Party B shall pay attention to property and personal safety, Party B is the first responsible
person for fire safety and the ultimate responsibility bearer, notwithstanding the foregoing agreement, Party A shall ensure that the
fire safety facilities of the house itself meet the statutory safety standards, and any personal and property safety accident caused
by the fault of Party B shall be borne by Party B itself, and any personal and property safety accident caused by the fault of Party
A shall be borne by Party A itself. If both parties are at fault, they shall be held responsible according to their respective degrees
of fault, and if both parties are not at fault, they shall be held responsible in accordance with the provisions of the law. Any loss
caused to Party A shall be compensated.

 

  The first sentence
of Article 9.4 should read: Party A proposes that Party B’s office area before and after renovation should be not less than 10 square
metres of floor space per person.   The date of service of the notice in the case of article 15 (1) and (2) is amended to read:
“Service is deemed to have taken place on the date of signature by the addressee.

 

    19

    

 

    

 

Annex II.

 

Rental Property Fee Payment Schedule

 

		Payment 	 	Payable 	 	
    Duration of 

    

    representation

    
	 	Rent	 	Property 	 	Fees

 payable
	Projects	Period	 	Deadline	 	Start	 	Stop	 	payable	 	fees payable	 	Subtotal
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Compliance Guarantee 	1	 	2021-11-18	 	2021-12-31	 	2024-12-30	 	-	 	-	 	324,897.30
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	1	 	2021-11-18	 	2021-12-31	 	2022-03-27	 	171,196.04	 	126,811.84	 	622,905.18
	 	2	 	2022-03-01	 	2022-03-28	 	2022-06-27	 	171,195.87	 	126,811.76	 	298,007.63
	 	3	 	2022-06-01	 	2022-06-28	 	2022-09-27	 	171,195.87	 	126,811.76	 	298,007.63
	 	4	 	2022-09-01	 	2022-09-28	 	2022-12-27	 	171,195.87	 	126,811.76	 	298,007.63
	 	5	 	2022-12-01	 	2022-12-28	 	2023-03-27	 	171,195.87	 	126,811.76	 	298,007.63
	Rent Property Fee	6	 	2023-03-01	 	2023-03-28	 	2023-06-27	 	171,195.87	 	126,811.76	 	298,007.63
	 	7	 	2023-06-01	 	2023-06-28	 	2023-09-27	 	171,195.87	 	126,811.76	 	298,007.63
	 	8	 	2023-09-01	 	2023-09-28	 	2023-12-27	 	171,195.87	 	126,811.76	 	298,007.63
	 	9	 	2023-12-01	 	2023-12-28	 	2024-03-27	 	171,195.87	 	126,811.76	 	298,007.63
	 	10	 	2024-03-01	 	2024-03-28	 	2024-06-27	 	171,195.87	 	126,811.76	 	298,007.63
	 	11	 	2024-06-01	 	2024-06-28	 	2024-09-27	 	171,195.87	 	126,811.76	 	298,007.63
	 	12	 	2024-09-01	 	2024-09-28	 	2024-12-30	 	171,195.87	 	126,811.76	 	298,007.63
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Total	-	 	-	 	-	 	-	 	2,054,350.61	 	1,521,741.20	 	3,576,091.81

 

    20

    

 

    

 

Annex III.

 

In-situ restoration standards

 

		一、	Civil, renovation component.

 

		1.	Flooring: removal of carpets (floor coverings, flooring, partitions, etc.), removal of ground penetrations,
etc., restoration to concrete floors and ensuring that the floors are level and free of glue stains.

 

		2.	Walls: surface potholes and holes filled in, large white walls need to be treated as a whole and restored
to a white wall with a neat, even colour and no run-off etc.

 

		3.	Shed surface: flat keel, neat and undamaged mineral wool board (mineral wool board using the original
brand of the building or a brand of the same grade).

 

		4.	Other: doors and windows should be removed, and doors and windows should be opened, closed and locked
properly, and the glass should be clean and tidy; changes to the building’s architecture and structure should be restored to the original
state of the building.

 

		二、	Electrical section.

 

		1.	The grille lights that are displaced are restored to their original position in the building (with reference
to the original drawings of the building, the replacement grille lights are restored to the original brand of the building or to a brand
of the same grade), the installation is smooth and the fluorescent tubes are bright and neat.

 

		2.	The hangers of the relocated grilles are secure, properly fixed and free from looseness and shaking.

 

		3.	roof and wall strong and weak power lines finishing, to ensure that the lines are in the line groove,
line pipe, no exposed lines, line pipe, line groove fixed well, across the earth wire connection is secure and reasonable.

 

		4.	Ensure that the wiring in the distribution box is regular, the air switch is normal and tidy, and the
distribution box meets the requirements of the building.

 

		5.	Wall switches (relocated switches restored to the building’s original position) are in working order and
tidy.

 

		三、	Air conditioning section.

 

		1.	Displacement of fan coils (ceiling-mounted multi-connector panels), restoration of air outlet positions
to the original position in the building (refer to the original drawings of the building) and ensuring that the return air outlet filters
are clean.

 

		2.	Displacement of the three-speed switch to its original position in the building (the replacement three-speed
switch is restored to the original brand of the building or to a brand of the same grade) and to ensure that its various control switches
are in order and that the panel is tidy.

 

		3.	The fan coil motor starts, stops and changes speed normally, without any unusual noise.

 

		四、	Firefighting section.

 

		1.	Restore the building to its original position after spraying has been moved to meet fire protection requirements,
free from dirt and leaks.

 

		2.	Modified fire protection pipework to meet fire protection requirements, with reasonable hanger configurations,
firm and free from leaks.

 

		3.	The smoke sensor is relocated and restored to its original position in the building (the new additional
smoke sensor is removed and restored to the original logic of the original fire mainframe in the building) to meet the fire protection
requirements, and the smoke signal and feedback is normal.

 

		4.	The layout of the room after restoration meets the requirements of the fire code.

 

Note: The above standard descriptions are subject
to the original drawings of the building if they are not exhaustive.

 

    21

    

 

    

 

 

 

    22

    

 

    

 

 

 

 

 

    23Exhibit 10.17

 

No:98842022280035

  

 

 

 

SPD BANK

 

 

 

 

 

contract for loans of working capital

 

 

 

 

 

 

 

     

     

    

 

contract for loans of working capital

 

Borrower: ChinaLink Professional Services Co.,
Ltd.

 

Principal business address:2nd floor, building
18, No. 498, GuoShouJing Road, Pudong New Area, Shanghai

 

 

	The contact:Lisa Wu	 	Tell:021-31268010
	 	 	 
	Fax:/	 	 Email:lisa.wu@clpsglobal.com

 

Lender:Shanghai Pudong Development Bank
Co., LTD. Jinqiao Branch

 

Principal business address:No.509 Jinqiao
Road, Pudong New Area, Shanghai

 

	The contact:Lin Xie	 	Tell:021-58994702

 

Whereas;

 

the borrower applies to the
lender for working capital loan due to capital turnover needs; Upon review, the Lender agrees to release the loan in accordance with the
terms and conditions of this Contract. In order to clarify the rights and obligations of both parties, both parties hereby enter into
this Contract for compliance with the relevant laws, regulations and rules of the People's Republic of China through mutual agreement.

 

At the same time, the borrower
and the lender confirm the following principal terms (please select in the box below according to the situation, tick X if not selected);

 

☒ This contract, as
the number of a/financing bottle degree of agreement (hereinafter referred to as the credit line agreement) affiliated with the
financing documents signed, this contract comes into force, all its terms and conditions are incorporated into the financing credit
agreement, and as a part of (if the borrower have previously signed the melt line agreement, should choose the project, and indicate
the credit line agreement number);

 

þ
This contract is an independent credit document signed between the borrower and the lender (this item should be selected if the
borrower and the lender have not signed the financing line agreement);

 

☒ The guarantor has
been informed that the purpose of the loan under this contract is to repay the loan under the original contract name: Date of
signing: No: .(Select this item if the purpose of borrowing is to repay the old or renew the loan)

 

     

     

    

 

The Part One Commercial terms

 

 

		1.	Types of Loans: þ
                                                                                                                                                                Short-term working capital loans ;  ☐ mid-term liquidity loan,

 

		2.	loan
amount under this contract is RMB(currency) 10 million

 

		3.	the
specific use of loan under this contract as follows: payroll

 

		4.	the
time limit for the loan under this contract (in the following box, please, don't choose to play x)

 

þ
since 26th Jan 2022 to  25th Jan
2023.

 

☒ From the date of first
withdrawal _/ year(or/ months)

 

The actual withdrawal date
and repayment date shall be the date recorded on the ious (loan certificate) issued by the lender and the borrower. The last repayment
date shall not exceed the loan term agreed herein. The loan (loan certificate) is an integral part of this contract.

 

5.The interest rate
of the loan under this Contract is (please tick V in the box below and x if not)

 

þ
(1) the RMB loans Interest Rate :

 

Each loan under this Contract
shall be issued according to the loan market quoted APR (term) -1 BPS published by The National Inter-Bank Lending Center at the end of
the day prior to the actual date of loan issuance. If the calculated interest rate is less than 0%, it shall be implemented as 0%. (The
quoted market interest rate is the annual interest rate, which can be found through the National Inter-bank Lending Center and the website
of the People's Bank of China)

 

After each loan is issued,
if the quoted interest rate of the loan market is adjusted during the loan term, the loan interest rate (please put a in the box below
and x in case of non-I):

 

þ
Fixed interest rate without adjustment;

 

☒ Since interest
rates adjust interest rates to adjust interest rates before a complex day by day the national interbank funding center published in
this article the contract term loan market quotation rate (LPR) as the base, the way of fixed interest rate floating point and
calculating constant, specific interest rates adjust below (please v is selected in the following box, does not escape the x) :

 

☒ The interest
rate is adjusted by year, and the interest rate adjustment day is the corresponding day of the actual loan issuing date in the
corresponding month of the next Gregorian calendar year. If there is no corresponding day of the actual loan issuing date in the
corresponding month of the next Gregorian calendar year, the interest rate adjustment day is the last day of the actual loan issuing
date in the corresponding month of the next Gregorian calendar year:

 

☒ Adjust the
interest rate according to year, the interest rate adjustment date is January 1 of each year;

 

☒ Adjust the
interest rate according to the interest settlement date, and the interest rate adjustment day is the next day of the interest
settlement date;

 

☒ Quarterly
adjustment of interest rate, interest rate adjustment day for the end of each quarter on a monthly basis,;

 

     

     

    

 

☒ interest rate
adjustment day for a monthly/daily

 

☒ other
agreement (specific interest rate adjustment day),

 

☒ (2) interest
rate of foreign currency loan;

 

each loan under this Contract
will be issued at the rate of ___(LIBORAHIBORSIBOR) published by the Lender on the date of disbursement plus/BPS.

 

☒ After each
loan under this joint venture is issued, the loan interest rate shall be adjusted by .

 

☒ Fixed rate,
that is, the interest rate is not adjusted.

 

6. The method of loan settlement under this Contract is (please check the box below/tick X if not selected):

 

☒ On a monthly basis, the
settlement date is the second +(20) day of each month;

 

þ
Quarterly, then the settlement date is the twentieth (20th) day of the last month of each quarter:

 

☒ Other methods:

 

And
each repayment interest under this contract is clear with this.

 

7.
Penalty interest rate under the Contract is:

 

	 	(1)	This overdue penalty interest rate shall be applied at the loan execution rate applicable on the date of penalty interest collection plus 30 %.

 

	 	(2)	If the loan is not used in accordance with the purpose agreed herein, the penalty interest rate will be calculated and the loan execution interest rate applied on the penalty interest date shall be charged plus 50%.

 

8. The drawdown period of the loan under the
Contract is from Jan 26, 2022 to Jan 31st, 2022. The first withdrawal shall be made before Jan
31st, 2022.

 

9. The withdrawal plan for the loan under this
Contract is as follows (please select √ in the box below, tick X if you do not select)

 

the withdrawal plan is shown in the table below:

 

	NO	The withdrawal date	On withdrawals
	1	 	 

 

☒ Other withdrawal plans:        one-time withdraw.        

 

10. The repayment plan of the loan under this
Contract is as follows (Please tick √ in the box below, if not, tick x)

 

	NO	Repayment date	Reimbursement amount
	1	 	 

 

☒ Other withdrawal plans:         one-time
withdraw.         

 

11. Liquidated damages for loan repayment in advance;
Equivalent to 0% or RMB(currency) 0 the actual amount of loan repaid in advance

 

12. The principal amount of loan repayment in
advance shall not be less than RMB(currency) 0 

 

     

     

    

 

13. Account opening (select one of the following
modes for RMB loans, select the special account mode for foreign currency loans, and mark X for those not selected)

 

þ
Unsegregated account mode:

 

		(1)	The
general settlement account opened by the borrower with the lender is:

 

Bank:Shanghai Pudong
Development Bank Co., LTD. Jinqiao Branch

 

Bank account name:ChinaLink
Professional Services Co., Ltd.

 

Bank account number: 98840078801600002917

 

		(2)	the
borrower's fund recovery account opened with the lender is:

 

Bank:Shanghai Pudong Development Bank
Co., LTD. Jinqiao Branch

 

Bank account name:ChinaLink
Professional Services Co., Ltd.

 

Bank account number: 98840078801600002917

 

☒ Special Account
mode

 

	 	(1)	The special account for working capital loan opened by the borrower with the lender is:

 

Bank: _____/_________ .

 

Bank account name: _____/_________ .

 

Bank account number: _____/_________ .

 

	 	(2)	The general settlement account opened by the borrower with the lender is:

 

Bank: _____/_________ .

 

Bank account name: _____/_________ .

 

Bank account number: _____/_________ .

 

	 	(3)	The Borrower's fund recovery account opened with the Lender is:

 

Bank: _____/_________ .

 

Bank account name: _____/_________ .

 

Bank account number: _____/_________ .

 

14. Entrusted Payment by the
Lender: if the payment object is clear and the single managed payment amount exceeds (currency amount) the loan fund payment, the entrusted
payment method of the Lender shall be

 

15. The guarantors and security
contracts providing security for the debt hereunder include but are not limited to:

 

☒ The guarantor ____/_________ 《guaranty
contract》NO[   ]

 

☒ The mortgagor ____/_________ 《Mortgage
contract》NO[   ]

 

☒ The pledger ____/_________ 《Pledger
contract》NO[   ]

 

☒ Other guarantee ____/_________

 

     

     

    

 

16. Breach of contract liquidated
damages. It is equivalent to zero percent of the principal amount borrowed or__ / .

 

17. Annexes to this contract
include:

 

(1) 《Application
for withdrawal》

 

(2) 《________/______________
》

 

(3) 《________/______________
》

 

(4) 《________/______________
》

 

(5) 《________/______________
》

 

18. Other matters agreed upon
by both parties

 

None / .

 

19. This Contract is made in
three originals, one held by the borrower and two held by the lender, each of which has the same legal effect.

 

(End of Part I)

 

     

     

    

 

The Part Two General terms

 

Article
1 borrowing

 

1.The
Borrower irrevocably agrees and confirms that the Lender has the right to change due to laws, regulations and policies, or to be restricted
by the macro-monetary or financial regulatory policies of the government, or to be subject to market conditions. The borrower may suspend,
reduce or cancel the loan and notify the borrower if the conditions for granting the loan are adjusted or increased in consideration
of its capital position and financial cost, its own business needs, the borrower's performance ability or financial condition, or other
major changes occur.

 

2.
The compensation hereunder shall be used in accordance with the loan purposes agreed herein. The Borrower shall not misappropriate or
occupy the loan for fixed asset investment, equity investment, etc., or use the loan in fields and purposes prohibited by the state or
other activities inconsistent with working capital loan purposes

 

Article
2 borrowing rate and interest calculation method

 

	 	1.	Unless otherwise agreed herein,
    the loan interest hereunder shall be calculated and collected in accordance with the actual amount of withdrawal and the number of
    days occupied by the Lender from the date of loan issuance. Occupied days include the first day, excluding the last day. Daily interest
    = monthly interest rate /30, monthly interest rate = annual interest rate 12.

 

	 	2.	The Lender has the right to
    pay the unpaid principal of the loan due to the Borrower (the term "due" in this Contract includes the case where the Lender
    declares the loan to be due early), and the overdue penalty interest shall be calculated and collected according to the retroactive
    interest rate agreed herein according to the actual overdue days from the overdue date until the principal and interest of the borrower
    are paid off

 

	 	3.	If the borrower fails to use
    the loan funds for the agreed purposes, the lender shall have the right to use the amount of loan box for breach of contract. Since
    the date of breach, the penalty interest shall be calculated and collected according to the penalty interest rate for misappropriation
    agreed herein according to the actual days of breach until the borrower pays off the principal and interest.

 

	 	4.	The Lender shall, from the
    date on which the borrower fails to pay the interest on time (including the normal total interest, overdue penalty interest and misappropriated
    penalty interest), compound the interest according to the overdue penalty interest rate agreed herein according to the actual overdue
    days.

 

	 	5.	Interest rate market paralysis
    If there is no APPLICABLE LPR (applicable in RMB) or LIBOR/HIBORSIBOR
    (applicable in foreign currency) interest rate on the quoted date of the relevant interest period after the loan is issued under
    this Contract, the Borrower shall negotiate with the Lender to determine an alternative interest rate; If no agreement can be reached
    within five (5) banking business days from the commencement of the negotiation, the borrower shall repay the principal and interest
    of the loan in full within thirty (30) banking business days from the date of such agreement.

 

     

     

    

 

Article
3 withdrawal

 

1.
before the first withdrawal, the borrower shall meet the following conditions:

 

(1)
submit the withdrawal application (see Annex 1 or annex 2 of the contract for the format), the completed loan (loan) voucher and other
relevant documents at the time and in the manner agreed in the contract;

 

(2)
This contract and the corresponding guarantee contract (if any) have been signed and remain valid, and the security right has been effectively
established;

 

(3)
Submit the borrower's current valid business license, articles of association and recent financial statements on the withdrawal date
(including but not limited to the annual financial report and current statements audited by certified public accountants in the previous
year):

 

(4)
Submit the loan resolution made by the borrower’s board of directors / shareholders’ meeting or other institutions with the
same effect, the letter of authorization from the legal representative to the authorized representative and the original signature sample
of the legal representative and authorized representative;

 

(5)
The borrower has opened relevant accounts with the lender according to the lender’s requirements;

 

(6)
The borrower has performed its obligations under the contract without any event of default under the contract;

 

(7)
Other documents or conditions required by the lender.

 

2.
except for the first withdrawal, the borrower shall meet the following conditions before each withdrawal:

 

(1)
submit the withdrawal application (see Annex 1 or annex 2 of the contract for the format), the completed loan (loan) voucher and other
relevant documents at the time and in the manner agreed in the contract;

 

(2)
The representations and warranties made by the borrower under this contract shall remain valid;

 

(3)
The borrower has performed its obligations under the contract without any event of default under the contract;

 

(4)
Other documents or conditions required by the lender.

 

3.
withdrawal

 

(1)
the borrower shall make a one-time withdrawal or installment withdrawal in accordance with the withdrawal plan agreed in the contract,
and submit a withdrawal application (see Annex 1 or annex 2 of the contract for the format) to the lender three (3) banking days before
the expiration of each withdrawal date to go through the withdrawal procedures;

 

(2)
If the borrower needs to postpone or change the withdrawal date, it shall obtain the consent of the lender three (3) banking days before
the expiration of the withdrawal date, and the lender has the right to require the borrower to pay the interest loss suffered by the
lender (interest loss: the interest of the delayed withdrawal period and the interest of demand deposit in the same period);

 

(3)
If the borrower requests to cancel all or part of the undrawn loan, it shall apply to the lender three (3) banking business days before
the determined withdrawal date or the termination date of the withdrawal period, and the cancellation can be carried out only with the
consent of the lender;

 

(4)
If the borrower fails to handle the withdrawal procedures within the specified withdrawal date or withdrawal period and fails to apply
for postponement of withdrawal, the lender has the right to cancel the undrawn loan:

 

The
lender has the right to waive one or more of the above withdrawal conditions without affecting any right enjoyed by the Lender under
this contract

 

     

     

    

 

Article
4 account opening and management

 

1. When signing this contract, the borrower shall have opened a general settlement account and capital return account (see part I of this
contract) at the lender, as well as a special working capital loan account (if any) agreed by both parties. The borrower agrees that
the lender shall monitor the aforesaid account of the borrower.

 

2. If
no special working capital loan account is opened, the general settlement account is used to calculate the loan fund issuance and loan
fund payment applied by the borrower at the lender.

 

If
a special working capital loan account is opened, the special working capital loan account is used to calculate the loan fund issuance
and loan fund payment applied by the borrower at the lender, and the funds in the account bear interest according to the current deposit.
The borrower agrees that in addition to the seal reserved by the borrower, the special account for working capital loan shall also reserve
the special seal for loan fund payment supervision of the lender.

 

Without
the written consent of the lender, the borrower shall not change the reserved seal of the special working capital loan account at will.

 

3.
The borrower confirms that the fund return account is the income account and repayment reserve account under the contract. The borrower’s
income cash flow or the borrower’s overall cash flow shall be entered into the capital return account.

 

The
borrower guarantees that the capital balance in the borrower’s repayment reserve account shall not be less than the amount of principal
and interest payable by the borrower in the current period on each principal and interest repayment date under the contract and within
three (3) days before it.The borrower agrees that on each principal and interest repayment date and within three (3) days before it,
the lender has the right to restrict or refuse the borrower’s external payment that will cause the fund balance in the repayment
reserve account to be lower than the principal and interest payable in the current period, so as to ensure that the fund balance in the
repayment reserve account is sufficient to pay the principal and interest payable in the current period.

 

The
lender has the right to monitor the capital return account. In case of abnormal capital flow in the capital return account, the lender
has the right to find out the reasons from the borrower and take corresponding measures.

 

Article
5 Payment supervision

 

1. The borrower agrees that the lender has the right to manage and control the payment of the loan funds through the entrusted payment
of the lender or / and the independent payment of the borrower, so as to supervise the use of the loan funds according to the purpose
agreed in the contract.

 

Entrusted
payment by the lender means that the lender pays the loan funds through the borrower’s account to the borrower’s trading
partner who meets the purpose agreed in this contract according to the borrower’s withdrawal application and payment entrustment.

 

Autonomous
payment by the borrower means that after the lender issues the loan funds to the borrower’s account according to the borrower’s
withdrawal application, the borrower will independently pay them to the borrower’s trading partner who meets the purpose agreed
in the contract.

 

2. The
borrower agrees that if the borrower and the lender have newly established a credit business relationship and the borrower’s credit
status is general, or the payment object is clear and the single payment amount exceeds the amount agreed in the contract (see part I
of the contract), or other circumstances recognized by the lender, the entrusted payment method of the lender shall be adopted.

 

If
the entrusted payment method is adopted, the lender has the right to review whether the payment object, payment amount and other information
listed in the payment application provided by the borrower are consistent with the corresponding business contract and other supporting
materials according to the loan purpose agreed in the loan contract.

 

After
approval, the lender shall pay the loan funds to the borrower’s trading partner through the borrower’s account.

 

     

     

    

 

3.
When applying to the lender for external payment of loan funds, the borrower shall submit supporting materials meeting the lender’s
requirements, including but not limited to:

 

(1)
documents certifying that the purpose of payment is in accordance with the purpose agreed in the contract:

 

(2)
Business contracts and written documents that truly reflect the borrower’s payment obligations. For the expenses that must be paid
without signing the contract, the charging policy and standard approved by the competent department shall be provided;

 

(3)
If the corresponding invoices or receipts cannot be obtained at the same time of payment, the borrower shall timely submit the corresponding
invoices or receipts for the use of funds after the completion of payment;

 

(4)
Legal and valid payment voucher:

 

(5)
Other documents required by the lender.

 

The
lender has the right to waive one or more of the above supporting materials without affecting any rights enjoyed by the Lender under
this contract

 

4.
If the special account for working capital loan is not opened, the borrower shall submit the withdrawal application to the lender three
(3) banking days before the proposed withdrawal date (see Annex 1 of the contract for the format), and propose whether to adopt the entrusted
payment method of the lender or the independent payment method of the borrower. The borrower confirms that the lender has the right to
review whether the relevant information of the borrower meets the payment conditions agreed in the contract, and has the right to decide
the payment method of the corresponding loan.

 

If
the special account for working capital loan is opened by the entrusted payment method of the lender, the borrower shall submit the payment
application with the reserved seal of the borrower of the special account for working capital loan (see Annex 3 of the contract for the
format) to the lender three (3) banking days before the payment date. The lender has the right to review whether the relevant information
of the borrower meets the payment conditions agreed in this contract. If the lender approves, it shall stamp the special seal for loan
fund payment supervision on the payment voucher before making external payment. If the borrower’s independent payment method is
adopted, the borrower shall submit the payment application (see Annex 3 of the contract for the format) and relevant materials to the
lender three (3) banking days in advance. The lender has the right to review whether the relevant materials submitted by the borrower
meet the conditions agreed in the contract.If the lender approves, the borrower shall fill in the payment voucher (the amount of each
summary payment voucher shall not exceed the entrusted payment amount of the lender agreed in this contract).After review, the lender
shall affix the special seal for loan fund payment supervision on the summary payment voucher, and transfer the corresponding funds to
the borrower’s general settlement account.

 

5. If
the borrower’s autonomous payment method is adopted, the borrower shall regularly summarize and report the autonomous payment of
loan funds to the lender every month. The lender has the right to verify whether the borrower’s loan payment meets the agreed purpose
and payment method through account analysis, voucher inspection, on-site investigation, etc.

 

6. The
borrower confirms that it shall pay to the lender the remittance fee arising from the payment of funds. When the remittance fee occurs,
the lender has the right to deduct it directly according to the actual amount.

 

7.
In the process of loan issuance and payment, if any of the following circumstances occurs to the borrower, the lender has the right to
require the borrower to supplement the withdrawal conditions and payment conditions, or change the loan payment method and stop the issuance
and payment of loan funds:

 

(1)
declining credit status;

 

(2)
The profitability of main business is not strong;

 

(3)
Abnormal use of loan funds.

 

     

     

    

 

Article
6 repayment

 

1.
the borrower shall timely and fully repay the principal, interest and relevant expenses of the loan according to the repayment plan agreed
in the contract. The borrower hereby irrevocably authorizes the lender to actively deduct the above amount from its account opened with
the lender on the maturity date of the loan or when the conditions agreed in the contract are met to repay the creditor’s rights
of the lender.

 

2.
If the borrower repays the loan in advance, it shall submit a written application to the lender and obtain the written consent of the
lender before the tenth (10th) banking business day before the expected repayment date. Without the prior written consent of the lender,
the borrower shall still repay the principal and interest according to the time limit and interest rate agreed in the contract.

 

The
prepayment agreed by the lender shall be deemed as the prepayment of the loan. In this case, the lender also has the right to require
the borrower to pay certain liquidated damages in accordance with the contract (see part I of the contract).

 

In
case of early repayment of the loan, the interest shall be calculated according to the actual number of days used by the borrower and
returned together with the principal; The principal amount of early repayment shall not be less than the limit agreed in part I of this
contract; The principal returned shall be offset against the loan principal in the reverse order of the repayment plan agreed in this
contract.

 

3. If
the borrower is unable to repay on schedule for justified reasons, it shall apply to the lender for loan extension before the thirtieth
(30th) banking business day of the repayment period agreed in this contract, and prepare necessary materials to go through relevant extension
procedures. If the loan under this contract is guaranteed, mortgaged or pledged, the guarantor, mortgagor and Pledgor shall also issue
a written consent certificate. The lender shall decide whether to agree to the extension. If the borrower does not apply for extension
or the application for extension is not approved by the lender, the loan shall be transferred to the overdue loan from the next day of
the maturity date.

 

4.
The borrower shall not withdraw any returned loan funds again.

 

Article
7 representations and warranties

 

The
borrower makes the following representations and warranties to the lender, which are made at the time of signing this contract and remain
valid during the validity of this contract.

 

1. The
borrower is an enterprise (institution) legal person and other economic organization established in accordance with its applicable law,
with independent legal personality, complete financial system and repayment ability, and has the right to conclude and perform this contract
according to law.

 

2. The
borrower has the right to sign this contract and has completed all authorizations and approvals of the board of shareholders, the board
of directors or other competent authorities required for signing this contract and performing its obligations under this contract. All
terms of this contract are the true intention of the borrower and are legally binding on the borrower.

 

3. The
signing and performance of this contract shall not violate the laws that the borrower shall abide by (the laws under this contract include
the laws, regulations, rules, local regulations, judicial interpretations, etc., the same below), the relevant documents, judgments and
rulings of the competent authorities, nor the articles of association of the borrower or any contract it has signed Conflict with the
agreement or any other obligations undertaken.

 

4. The
borrower guarantees that all financial statements (if any) issued by it comply with the provisions of applicable laws and that the statements
truly, completely and fairly reflect the financial situation of the borrower.

 

5. In
the process of signing and performing this contract, the borrower abides by the principle of honesty and trustworthiness, and all materials,
documents and information (including but not limited to business license, project approval documents, feasibility study report, self
raised funds implementation certificate, financial statements, etc.) provided to the lender, including itself and the guarantor, are
true, effective and accurate Complete without any concealment or omission.

 

6. The
borrower guarantees to complete the filing, registration or other procedures required for the effectiveness and legal performance of
this contract.

 

7. Since
the issuance of the latest audited financial statements, there has been no significant adverse change in the borrower’s operating
and financial conditions.

 

     

     

    

 

8. In
business activities, strictly abide by laws and regulations, carry out various businesses in strict accordance with the provisions of
the borrower’s business license or the business scope approved according to law, go through the registration and annual inspection
procedures on time, the production and operation are legal and compliant, have the ability of sustainable operation and have a legal
source of repayment.

 

9. Do
not give up any due creditor’s rights, nor dispose of the existing main property free of charge or in other inappropriate ways.

 

10. The
borrower has disclosed to the lender what it knows or should know and decided whether to grant the loan under this contract

 

Important
facts and conditions (including but not limited to business status, financial status, external guarantee, etc.).

 

11. The
borrower guarantees that it is in good credit condition and has no major bad record.

 

12. The
borrower guarantees that there are no other circumstances or events that have or may have a material adverse impact on the borrower’s
performance ability.

 

Article
8 covenants

 

The
borrower and the lender agree as follows:

 

1. The
borrower guarantees to operate in accordance with the law, use the loan for the purpose agreed in this contract and not misappropriate
it for other purposes. The borrower shall regularly provide various relevant financial and accounting materials, including monthly and
annual statements, as required by the lender, and actively cooperate with the loan The borrower shall supervise the use of the loan and
the operation of the borrower. The lender may inspect and supervise the use of the loan in various ways at any time.

 

2. The
borrower shall repay the principal and interest of the loan under the contract according to the time, amount, currency and interest rate
specified in the contract, application and loan (loan) certificate.

 

3. The
borrower guarantees that once any event occurs or will occur that is sufficient to have a significant adverse impact on the financial
condition of the guarantor or its ability to perform the guarantee obligations, the borrower will timely provide a new guarantee approved
by the lender.

 

4. The
borrower promises that the borrower will not take the following actions without the written consent of the lender:

 

(1)
Transfer (including sale, gift, debt repayment, exchange, etc.), mortgage, pledge or otherwise dispose of all or most of its major assets;

 

(2)
Contracting, joint venture, major foreign investment, change of actual controller or major shareholder, shareholding reform, merger (merger),
joint venture (cooperation), division, equity transfer, substantial increase of debt financing, establishment of subsidiaries, property
right transfer, capital reduction, suspension of business, dissolution, application for bankruptcy Reorganization or cancellation and
other acts that may affect the borrower’s repayment ability;

 

(3)
Provide the third party with a guarantee sufficient to have a material adverse impact on its financial condition or its ability to perform
its obligations under the contract;

 

(4)
Paying off other long-term debts in advance and may have a significant adverse impact on the borrower’s ability to perform its
obligations under the contract;

 

(5)
Sign contracts / agreements or undertake relevant obligations that have a significant adverse impact on the borrower’s ability
to perform its obligations under the contract.

 

     

     

    

 

5. The
borrower promises that when the following events occur, the borrower will immediately notify the lender on the date of the event, and
deliver the original of the relevant notice to the lender (with official seal) within five (5) banking days from the date of the event:

 

(1)
the occurrence of relevant events makes the representations and warranties made by the borrower in this contract untrue, inaccurate or
invalid.

 

(2)
The borrower or its controlling shareholder, actual controller or its affiliates are involved in litigation, arbitration or its assets
are seized, sealed up, frozen, enforced or other measures with the same effect are taken, or its legal representative / person in charge
is involved in litigation, arbitration or other coercive measures;

 

(3)
The borrower’s legal representative or its authorized agent, principal, main financial principal, mailing address, enterprise name,
office space and other matters are changed;

 

(4)
Being applied for reorganization or bankruptcy by other creditors or being revoked by the superior competent authority;

 

(5) other major
adverse events that may affect the borrower’s solvency.

 

6. The
borrower guarantees that it will not pay off other loans in priority in violation of the normal repayment order, and will not sign any
contract or agreement that will subordinate the loan under this contract now and in the future.

 

7. The
borrower shall, as far as possible, repay and pay the principal and interest of the loan under the contract in the same currency. If
the borrower repays its debts in different currencies, the borrower shall, or authorize the lender, convert the funds in different currencies
into the loan currency under the contract according to the "deduction agreement". The expenses incurred shall be borne by the
borrower. When the guarantor repays the debt on behalf of the borrower in different currencies, the "deduction agreement" from
the guarantee contract shall be borne by the borrower.

 

8. In
case of specific circumstances or changes in the guarantee under this contract, the borrower shall timely provide other guarantees approved
by the lender as required by the lender. Such specific circumstances or specific changes include but are not limited to the guarantor’s
suspension of production, closure of business, dissolution, suspension of business for rectification, revocation or revocation of business
license, application or application for reorganization, bankruptcy, major changes in business or financial status, involvement in major
litigation or arbitration cases, involvement of legal representatives, directors, supervisors and key business managers The value of
the collateral is reduced or may be reduced, or property preservation measures such as sealing up are taken, there is a breach of contract
under the guarantee contract, and it is required to terminate the guarantee contract.

 

9. The
lender has the right to conduct on-site or off-site due diligence on the borrower, and carry out post loan inspection on the borrower’s
business status, financial status, external guarantee, use of loan funds and repayment. The borrower is obliged to actively cooperate
with the lender in loan payment management, post loan management and relevant inspection.

 

10.
The lender has the right to recover the loan funds under this contract in advance according to the withdrawal of the borrower’s
funds.

 

11.
special agreements on group customers (applicable to group customers).

 

If
the borrower of this contract is a group customer, the borrower hereby undertakes:

 

(1)
the borrower shall timely report the related party transactions of more than 10% of the net assets of the actual trustee, including:
1  the related party relationships of all parties to the transaction 2  Transaction items and nature 3 The amount of the
transaction or the corresponding proportion 4 Pricing policy (including transactions with no amount or only symbolic amount).

 

     

     

    

 

(2)
If the actual trustee has the following circumstances, it shall be deemed that the borrower has breached the contract, and the lender
has the right to unilaterally decide to cancel the unused credit of the customer, recover part or all of the used credit, or require
the customer to increase the margin to 100%: 1 providing false materials or concealing important business financial facts 2 Changing
the original purpose of the credit without the consent of the lender, misappropriating the credit or using the bank credit to engage
in illegal and illegal transactions 3  Taking advantage of false contracts with related parties to obtain bank funds or credit by
discounting or pledging creditor’s rights such as notes receivable and accounts receivable without actual trade background 4 
refusing to accept the lender’s supervision and inspection of its use of credit funds and relevant business and financial activities
5 In case of major merger, acquisition and reorganization, the lender believes that it may affect the credit security 6 Intentionally
evading bank creditor’s rights through related party transactions.

 

12.
special guarantees, commitments and agreements on green credit (applicable to borrowers whose construction, production and operation
activities of nuclear power plants, large hydropower stations, water conservancy projects, resource extraction projects, etc. may seriously
change the original state of the environment and the adverse environmental and social consequences are not easy to eliminate, as well
as oil processing, coking and nuclear fuel import workers The construction, production and operation of chemical raw materials and chemical
products will produce adverse environmental and social consequences, but it is easy to eliminate them through slow-release measures)

 

(1)
the borrower declares and guarantees that the management of environmental and social risks, including: 1 the internal management
documents related to environmental and social risks comply with the requirements of laws and regulations and are effectively implemented;
2  there are no major litigation cases involving environmental and social risks;

 

(2)
The borrower promises to accept the supervision of the lender and strengthen environmental and social risk management, including: 1 
commitment to compliance of all behaviors and performances related to environmental and social risks 2 Commit to establish and improve
the internal management system of environmental and social risks, and specify the responsibilities, obligations and punishment measures
of relevant responsible personnel of the borrower 3 Commit to establish and improve the emergency mechanism and measures for environmental
and social risk emergencies 4 Commit to establish special departments and / or designate special personnel to be responsible for
environmental and social risks 5 Promise to cooperate with the lender or its recognized third party in the assessment and inspection
of the borrower’s environmental and social risks 6  in the face of strong doubts from the public or other stakeholders about
the borrower’s performance in controlling environmental and social risks, promise to respond appropriately or take other necessary
actions 7  undertake to urge the borrower’s vital related parties to strengthen management and prevent the environmental and
social risks of related parties from infecting the borrower 8  undertake to perform other matters that the lender considers relevant
to controlling environmental and social risks

 

(3)
The borrower promises to timely and fully inform the lender of various permits 1 approvals and approvals related to environmental
and social risks in the process of commencement, construction, operation and shutdown 2 Assessment and inspection of the borrower’s
environmental and social risks by the environmental and social risk regulatory authority or its recognized institutions 3  supporting
construction and operation of environmental facilities 4  Discharge and compliance of pollutants 5 Safety and health of employees
6 neighboring communities for the borrower Major complaints and protests 7  Major environmental and social claims 8  Other
lenders believe that it is related to environmental and social winds Skillfully Major information related to insurance;

 

(4)
If the borrower and the actual Credit Lender have the following circumstances, it shall be deemed that the borrower has an event of default
under this Contract: 1  the borrower’s statement, guarantee and commitment on environmental and social risk management have
not been seriously fulfilled 2 The borrower is punished by relevant government departments due to poor environmental and social
risk management 3  the borrower is strongly questioned by the public and / or the media due to poor environmental and social risk
management 4 Other events of default related to environmental and social risk management agreed between the lender and
the borrower, including cross events of default;

 

In
case of the above events of default of the borrower, the lender has the right to unilaterally decide: 1  cancel the credit commitment
already made 2   Suspend the disbursement of the loan until the borrower takes rescue measures satisfactory to the lender 3 
recover the allocated loan in advance 4 When the loan cannot be repaid, relevant mortgage and pledge rights and other punishment
measures shall be exercised in advance 5 other punishment measures agreed by the lender and the borrower.

 

     

     

    

 

13.
As for the anti money laundering agreement, the borrower confirms and agrees that the lender has the right to conduct money laundering
risk assessment on the transactions involved under the contract in accordance with the applicable anti money laundering laws and regulations
and internal management requirements, and the lender has reasonable reasons to suspect that the borrower and / or the transactions under
the contract are suspected of participating in the UN Security Council, the financial action task force against money laundering, China
In case of money laundering, terrorist financing or (weapons of mass destruction) financing activities, or tax evasion recognized by
the United States, the European Union and other international organizations or countries, the lender has the right to take necessary
control measures in accordance with the anti money laundering regulations of the people’s Bank of China. At the same time, the
lender has the right to directly restrict and suspend all or part of the business under this contract without notifying the borrower,
announce the early maturity of the loan, terminate this contract, and require the borrower to bear all losses caused to the lender.

 

14. The
borrower agrees to irrevocably authorize the lender, without violating the prohibitive provisions of the regulations on the administration
of credit investigation industry and relevant laws and regulations, to collect information about all contracts / agreements / commitments
signed between the borrower and the lender in accordance with the collection requirements of the basic financial credit information database
established by the state, Including the performance information related to all the above contracts / agreements / commitments, as well
as the basic enterprise information and other information provided by the borrower, which shall be provided to the basic database of
financial credit information established by the state for query and use by qualified units; At the same time, the lender also has the
right to query and use the credit information about the borrower in the basic financial credit information database established by the
state. The authorization covers all links of the lender’s necessary business management of the business under the contract before
and after the signing of the contract, and the validity period will expire with the actual termination of the contract.

 

15. The
borrower hereby confirms that it has fully understood and understood the lender’s position against its employees seeking benefits
in any form by taking advantage of their positions, and undertakes to avoid such situations in accordance with the principle of integrity
and fairness, and will not provide any form of rebates, gifts, securities, valuables, various incentives, private expense compensation,
private tourism High consumption Entertainment Music and other improper interests.

 

Article
9 deduction agreement

 

1. The borrower agrees that when any debt related to the loan hereunder is due and payable, the lender has the right to directly deduct
the funds in the repayment reserve account opened by the borrower in Shanghai Pudong Development Bank Co., Ltd. to pay off the due and
payable debt. If the funds in the repayment reserve account are insufficient to pay off the debts, the lender has the right to deduct
the funds in any other account opened by the borrower in each branch of Shanghai Pudong Development Bank Co., Ltd.

 

2. The
lender has the right to use the proceeds to repay the loan principal, interest or other expenses. If there are multiple claims unpaid
at the same time, the lender shall determine the repayment order of the claims.

 

3.
if the deducted income is inconsistent with the currency to be repaid, it shall be handled in the following ways:

 

(1)
if the currency of the loan is RMB, the loan principal strings T and 0 shall be paid off after the foreign exchange settlement is converted
into RMB according to the purchase price converted between the currency of the deduction and RMB published by the lender at the time
of deduction

 

(2)
If the loan currency is non RMB and the deduction currency is RMB, you shall purchase foreign exchange directly according to the selling
price of RMB exchange between the applicable loan currency published by the lender at that time and convert it into the loan currency,
and then pay off your past principal and interest.

 

     

     

    

 

(3)
If the loan currency and the deduction currency are not RMB and are inconsistent, the loan principal and interest shall be paid off after
the foreign exchange settlement is converted into RMB according to the applicable deduction currency published by the lender at the time
of deduction and the purchase price converted into RMB, and then converted into the loan currency according to the loan currency published
by the lender and the selling price converted into RMB on the same day.

 

Article
10 proof of creditor’s rights

 

The
lender shall, in accordance with its consistent business practice, maintain accounting accounts related to the business activities involved
in this contract on its accounting books to prove the loan amount of the lender. The effective certificate for the borrower to recognize
the loan creditor’s rights under this contract shall be subject to the accounting certificate or other effective supporting materials
issued and recorded by the lender according to its own business regulations.

 

Article
11 agreed service address

 

1.
The lender confirms that the address listed on the first page of this contract is its effective service address. The notice sent by the
borrower to the lender directly or by mail under this contract shall be sent to the address listed on the first page of this contract
until the lender announces the change of this address. The borrower agrees that all notices it sends to the lender shall be deemed to
have been served when actually received by the lender.

 

2.
The borrower confirms that the address, fax, e-mail and other service information listed on the first page of this contract are its valid
mailing or e-service address. All kinds of non litigation notices and other documents under the contract, as well as letters, subpoenas,
notices and other legal documents issued to them in the process of any litigation (including any litigation procedures and execution
procedures such as first instance, second instance and retrial) arising from the contract, as long as they are mailed or sent by fax
E-mail and other electronic service methods shall be deemed as service when they are sent to the mailing or electronic service address
listed on the first page of this contract, and the specific service date shall be subject to the provisions on service date in the civil
procedure law. The above change of mailing or electronic service address shall not have legal effect unless notified to the lender in
advance, and the service address confirmed in this contract shall still be deemed as a valid service address.

 

Article
12 events of default and handling

 

1. Event
of default

 

Any
of the following circumstances shall constitute a breach of contract by the borrower against the lender:

 

(1)
Any statement and guarantee made by the borrower in this contract or any notice, authorization, approval, consent, certificate and other
documents made in accordance with or related to this contract are incorrect or misleading, or have been proved to be incorrect or misleading,
or have been proved to be invalid or revoked or have no legal effect.

 

(2)
The borrower has violated "other matters agreed by both parties" (if any) in part I of the contract or any agreed matter in
Article 8 of Part II.

 

(3)
The borrower has a major cross default event, including but not limited to the borrower’s breach of any other loan contract and
agreement signed by it; Or the borrower fails to pay the debts under other loan contracts and agreements signed by it.

 

(4)
The borrower’s investors withdraw funds, transfer assets or transfer equity without authorization.

 

(5)
The guarantor has or will no longer have the ability to provide guarantee corresponding to the loan, or violates the guarantee documents
signed by it.

 

(6)
The borrower suspends business, stops production, goes out of business, goes out of business for rectification, reorganization, liquidation,
is taken over or entrusted, is dissolved, the business license is revoked or cancelled or goes bankrupt.

 

     

     

    

 

(7)
The financial condition of the borrower or the guarantor deteriorates, there are serious difficulties in operation, or events or circumstances
that have an adverse impact on its normal operation, financial condition or solvency.

 

(8)
The borrower or its controlling shareholder, actual controller or its affiliates are involved in major litigation, arbitration, or its
major assets are seized, sealed up, frozen, enforced or other measures with the same effect are taken, or its legal representative /
person in charge, directors, supervisors or senior managers are involved in litigation Arbitration or other coercive measures adversely
affect the borrower’s solvency.

 

(9)
Failure to repay the principal and interest on schedule or use the loan for the agreed purpose.

 

(10)
The loan funds are not paid in the agreed manner.

 

(11)
the documents and information submitted for loan application are false and incorrect.

 

(12)
It does not meet or exceed the constraints of relevant financial indicators agreed in the contract.

 

(13)
On any principal and interest repayment date under the contract and within three (3) days before it, the capital balance in the repayment
reserve account is lower than the principal and interest repayment amount of the borrower in the current period.

 

(14)
The capital flow in the general settlement account / capital return account is abnormal.

 

(15)
The borrower has other acts in violation of this contract that are sufficient to hinder the normal performance of this contract, or other
acts that damage the legitimate interests of the lender.

 

2.
Handling of breach of contract

 

(1)
when one or more of the default circumstances listed in the current paragraph occur, the lender may take one or more of the following
measures at its discretion:

 

1 
require the borrower to correct within a time limit.

 

2 
cancel the unused loan of the borrower and stop issuing and paying the unused loan of the borrower.

 

3 
declare that all or part of the loan principal under this contract will expire immediately in advance, and require the immediate repayment
of part or all of the loan, the settlement of the interest owed, and the immediate recourse to the guarantor or the borrower in various
forms.

 

4 Penalty
interest and compound interest shall be charged for overdue loans and misappropriated loans.

 

5 Deduct
from any account opened by the borrower in each branch of Shanghai Pudong Development Bank Co., Ltd

 

6 Require
the borrower to supplement the loan issuance and payment conditions, or change the loan payment method.

 

7 
require the borrower to provide other guarantees approved by the lender.

 

8 
other necessary measures stipulated by law.

 

(2)
In addition to the above measures, the lender may also require the borrower to bear the liability for breach of contract and require
the borrower to pay liquidated damages (see part I of the contract for the calculation method of liquidated damages). If the liquidated
damages are insufficient to make up for the losses suffered by the lender, the borrower shall compensate the lender for all losses suffered
thereby.

 

(3)
If the borrower fails to repay the principal and pay interest in full and on time, it shall also bear all expenses paid by the lender
for realizing the creditor’s rights and security rights, including but not limited to collection expenses, litigation expenses,
lawyer’s fees, travel expenses and various other expenses payable.

 

     

     

    

 

Article
13 effectiveness, alteration and dissolution

 

1.
this contract shall come into force after being signed (or sealed) and affixed with official seal by the legal representative of the
borrower or its authorized agent, and signed (or sealed) and affixed with official seal (or special seal for contract) by the legal representative
(person in charge) of the lender or its authorized agent, and shall be terminated after all creditor’s rights under this contract
are paid off.

 

2. After
the contract takes effect, neither party shall change or terminate the contract in advance without authorization. If the contract needs
to be changed or terminated, both parties shall reach a written agreement through consultation.

 

Article
14 other provisions

 

1. definition

 

(1)
"all creditor’s rights" under this contract refers to the loan principal, interest, liquidated damages and various expenses
incurred to realize the creditor’s rights.

 

(2)
The term "interest" under this contract includes interest, penalty interest and compound interest.

 

(3)
The "bank business day" under this contract refers to the normal business day of the lender’s corporate business at the
lender’s domicile, excluding Saturdays, Sundays (except those open for business due to holiday adjustment) or other legal holidays.

 

2.
Applicable law

 

This
contract shall be governed by and construed in accordance with the laws of the people’s Republic of China (for the purpose of this
contract, the laws of Hong Kong Special Administrative Region, Macao Special Administrative Region and Taiwan are not included here).

 

3. Settlement
of disputes

 

All
disputes related to this contract shall be settled through friendly negotiation; If the negotiation fails, a lawsuit shall be filed with
the people’s Court of the place where the lender has its domicile. During the dispute period, each party shall continue to perform
the terms not involved in the dispute.

 

4. Miscellaneous

 

(1)
If matters not covered in this contract need to be supplemented, both parties may agree and record them in part I of this contract, or
reach a separate written agreement as an annex to this contract. The annexes to the contract (see part I of the contract) are an integral
part of the contract and have the same legal effect as the text of the contract.

 

(2)
During the validity of this contract, the lender’s grace or delay in taking action for any breach of contract or other acts of
the borrower shall not damage, affect or restrict all rights or interests enjoyed by the lender as a creditor according to the law or
this contract, nor shall it be regarded as the lender’s recognition of the borrower’s breach of this contract, It shall not
be deemed that the lender waives the right to take action against the borrower’s existing or future default.

 

(3)
The invalidity of one clause of the contract shall not affect the validity of other clauses of the contract. This contract is not valid
for any reason

 

When
effective, the borrower shall still bear the responsibility of repaying all debts owed to the Lender under this contract. In case of
the above circumstances, the lender has the right to immediately terminate the execution of this contract and recover all debts owed
by the borrower under this contract from the borrower immediately.

 

     

     

    

 

(4)
The lender may transfer all or part of its rights and / or obligations under this contract, and in this case, the transferee shall enjoy
and / or bear the same rights and / or obligations as it should enjoy if it is a party to this contract. After receiving the lender’s
notice on the transfer of creditor’s rights, the borrower shall be liable to the transferee in accordance with the provisions of
this contract.

 

(5)
Unless otherwise specified in the contract, relevant terms and expressions in the annexes to the contract have the same meanings as those
in the contract.

 

(6)
The headings under this contract are for convenience only and shall not be used as the basis for the contents under this heading.

 

(no
text below this page)

 

(this
page is the signature page without text)

 

This
contract is signed by and between the borrower and the lender on Jan 26, 2022. The borrower confirms that when signing this contract,
both parties have explained and discussed all the terms in detail, both parties have no doubt about all the terms of the contract, and
have an accurate understanding of the legal meaning of the parties’ relevant rights and obligations and liability limitation or
exemption terms. annihilation

  

Borrower (Official
seal)

 

Legal
representative or authorized agent (signature or seal)

 

Lender
(Official seal or contract seal)

 

Legal
representative / person in charge (authorized or sealed)

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