Document:

Exhibit 10.4

 

 

 

 

 

 

 

 

 

 

 

Lohas
World (Shenzhen) Intelligent Technology Co., Ltd.

 

Shenzhen Lohas World Co., Ltd.

 

Gongqingcheng Baorui Lohas Investment
Partnership (Limited Partnership)

 

And

 

Lohas Agricultural Information Technology
Co., Ltd.

 

Exclusive
Option Agreement (English Translation)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     

     

    

 

Exclusive Option Agreement

 

This Exclusive Option Agreement (hereinafter
referred to as “this Agreement”) is signed by the following parties on _16__(Day)__August__ (Month)_2019__(Year):

 

		(1)	Lohas World (Shenzhen) Intelligent Technology Co., Ltd. (hereinafter referred to as “WFOE”),
a wholly foreign-owned company established and existing under Chinese law with unified social credit code of XX;

 

		(2)	Shareholder A: Shenzhen Lohas World Co., Ltd., a joint stock limited company established according
to Chinese law with unified social credit code of XX;

 

		(3)	Shareholder B: Gongqingcheng Baorui Lohas Investment Partnership (Limited Partnership), a limited
partnership established under Chinese law with unified social credit code of XX;

 

(Shareholder A and Shareholder
B, respectively and collectively referred to as “Existing Shareholders”)

 

		(4)	Loha Agricultural Information Technology Co., Ltd. (hereinafter referred to as “Company”),
a limited liability company established and existing under Chinese law, with unified social credit code of XX.

 

(In this Agreement, the above parties are
hereinafter referred to as “one party” separately and collectively as “all parties”)

 

In view of:

 

		1.	The Existing Shareholders are registered shareholders of the Company and hold all of the shares
of the Company in accordance with the law. On the date of signing this Agreement, their respective capital contribution and ownership
of the registered capital of the Company are shown in Annex I.

 

		2.	Existing Shareholders intend to transfer to the WFOE all their equity interests in the Company
without violating Chinese law, and the WFOE intends to accept such transfers.

 

		3.	In order to consummate the above-mentioned share transfer, the Existing Shareholders agree to grant
an irrevocable Share Transfer Option (hereinafter referred to as the “Share Transfer Option”) exclusively to the
WFOE. According to such option and to the extent permitted by Chinese law, the Existing Shareholders shall transfer the Share Transfer
Option to the WFOE or any other entities or individuals designated by the WFOE according to the requirements of the WFOE.

 

		4.	The Company agrees that the Existing Shareholders shall grant the Share Transfer Option to the
WFOE in accordance with this Agreement.

 

Consequently, by
consensus, the parties hereto reached the following agreements:

 

		1.	Granting of Share Transfer Option

 

		1.1	The Existing Shareholders agree severely and jointly that they hereby irrevocably and without any
additional conditions exclusively grant the WFOE the Share Transfer Option under which WFOE has the right, to the extent permitted
by Chinese law, to require the Existing Shareholders to transfer all their present and future equity interests (including any future
equity increase (hereinafter referred to as “Option Equity”) as a result of the increase in the registered capital
of the Company) in the Company to the WFOE and/or any other entity or individual designated by WFOE in the manner specified in
this Agreement. The WFOE also agrees to accept such option. Existing Shareholders hereby waive their respective preemptive rights
under the articles of association of the Company and Chinese law in respect of the Company’s equity, and hereby irrevocably agree
to any transfer of Option Equity to the WFOE and/or its designated entity or individual.

 

    1

     

    

 

		1.2	The Company hereby agrees that the Existing Shareholders shall grant such option to WFOE in accordance
with above mentioned Article 1.1 and other provisions of this Agreement.

 

		1.3	Existing Shareholders and the Company hereby confirm that the Share Transfer Option shall also
be deemed to include an irrevocable exclusive right granted by the Existing Shareholders and the Company to the WFOE and/or its
designated entity or individual to purchase all or part of the Company’s assets (including, but not limited to, all tangible and
intangible assets that the Company currently owns and may acquire in the future, such as computer software copyright, patent right,
patent application right, trademark, domain name, etc.). All terms and conditions of this Agreement shall apply to the purchase
of all or part of the Company’s assets (including price terms) by the WFOE and/or its designated entity or individual under this
Agreement, unless the application of such terms and conditions will violate applicable laws and regulations. The WFOE and/or its
designated entity or individual may choose to purchase all or part of the equity interests from any Existing Shareholder, or to
purchase all or part of the Company’s assets, or to exercise them simultaneously.

 

		2.	The Exercise Method of Share Transfer Option

 

		2.1	Subject to laws of China, the WFOE has absolute discretion to determine the specific time, manner
and frequency of its exercise.

 

		2.2	If the Chinese law at the time of exercise permits the WFOE and/or any other entity or individual
designated by the WFOE to own all of the equity interests in the Company, the WFOE has the right to choose to exercise all the
Share Transfer Option in one time or to exercise it in several times, and the WFOE and/or any other entity or individual designated
by the WFOE can be granted all of the Option Equity from Existing Shareholders in one or several times accordingly; if the Chinese
law at that time only permits the WFOE and/or any other entity or individual designated by the WFOE to own part of the equity interests
in the Company, the WFOE has the right to determine the amount of the Option Equity subject to the ownership limits (hereinafter
referred to as the “Maximum Ownership”) stipulated by Chinese law at that time, and the WFOE and/or any other
entity or individual designated by the WFOE can be granted such amount of Option Equity from the Existing Shareholders. In the
latter case, the WFOE has the right to exercise its Share Transfer Options in several times according to the gradually increased
amount of Maximum Ownership permitted under Chinese law in order to obtain the full Option Equity ultimately.

 

		2.3	When exercising the right, the WFOE has the right, at its sole discretion, to designate the amount
of equity that the Existing Shareholders shall transfer to the WFOE and/or any other entity or individual designated by the WFOE
in the exercise. The Existing Shareholders shall transfer the equity to the WFOE and/or any other entity or individual designated
by the WFOE in accordance with the amount required by the WFOE.

 

		2.4	When exercising the right, the WFOE may receive the transferred equity itself or designate a third
party to receive all or part of the transferred equity.

 

		2.5	After the WFOE decides to exercise its rights, it shall provide a notice to the Existing Shareholders
on the exercise of the Share Transfer Option (hereinafter referred to as “Notice of Exercise”. The form of the
notice is shown in Annex II to this Agreement). Upon receipt of the Notice of Exercise, the Existing Shareholders shall immediately
transfer the Option Equity to the WFOE and/or any other entity or individual designated by the WFOE in a lump sum in accordance
with the manner specified in Article 2.3 of this Agreement.

 

    2

     

    

 

		2.6	Existing Shareholders hereby undertake and guarantee, severally and jointly, that once a WFOE provides
a Notice of Exercise:

 

		(1)	They shall immediately convene a general meeting of shareholders/partners and adopt a shareholder/partnership
resolution including the waiver of the preemptive right and take all other necessary actions to approve the transfer of all Option
Equity to the WFOE and/or any other entity or individual designated by it at the transfer price.

 

		(2)	They shall immediately sign a share transfer agreement with the WFOE and/or any other entity or
individual designated by the WFOE to transfer all of the Option Equity to the WFOE and/or any other entity or individual designated
by it at the transfer price; and

 

		(3)	They shall, in accordance with the requirements of the WFOE and the provisions of laws and regulations,
provide necessary support to the WFOE (including providing and signing all relevant legal documents, fulfilling all government
approval and registration procedures and assuming all relevant obligations) in order to enable the WFOE and/or any other entity
or individual designated by the WFOE to acquire all Option Equity without legal defects.

 

		2.7	At the same time as this Agreement is executed, the Existing Shareholders shall sign a Power of
Attorney (hereinafter referred to as “Power of Attorney”, the form of which is shown in Annex III to this Agreement)
to authorize in writing any person designated by the Existing Shareholders to sign any and all necessary legal documents on behalf
of such Existing Shareholders in order to ensure that the WFOE and/or any other entity or individual designated by the WFOE acquire
all transferred equity without legal defects. The Power of Attorney shall be placed in the custody of the WFOE, and if necessary,
the WFOE may at any time require Existing Shareholders to sign multiple copies of the Power of Attorney, and submit the Power of
Attorney to the relevant government departments.

 

		3.	Share transfer price

 

		3.1	When the WFOE exercises its option each time, the share transfer price paid by the WFOE and/or
any other entity or individual designated by the WFOE to the Existing Shareholders shall be RMB 10 yuan. The Existing Shareholders
hereby irrevocably agree that if the applicable law at that time requires the transfer price of the Company’s equity to be higher
than the aforementioned price, the lowest price as permitted by applicable laws shall be used as the share transfer price.

 

		3.2	The Existing Shareholders hereby irrevocably agree that, upon receipt of the share transfer price
paid by the WFOE and/or any other entity or individual designated by the WFOE, the price shall be returned to the WFOE and/or any
other entity or individual designated by the WFOE in a manner consistent with the law within ten (10) working days.

 

		4.	Representations and Warranties

 

		4.1	Existing Shareholders hereby represent and warrant the following severally and jointly, and these
representations and warranties shall remain valid, as they were made on the date of the transfer of Option Equity.

 

		(1)	The Existing Shareholders are enterprise legal persons with full capacity for conduct; they have
complete and independent legal status and legal capacity to execute, deliver and implement this Agreement, and can independently
act as a litigation subject.

 

    3

     

    

 

		(2)	The Company is a limited liability company duly registered and legally existing in accordance with
Chinese law and has independent legal personality. It has complete and independent legal status and legal capacity to execute,
deliver and perform this Agreement and can independently act as a litigation subject.

 

		(3)	It has the full power and authority to sign and deliver this Agreement and all other documents
related to the transactions referred to in this Agreement that it will sign. It has the full power and authority to consummate
the transactions referred to in this Agreement.

 

		(4)	This Agreement is legally and appropriately signed and delivered by the Existing Shareholders.
This Agreement constitutes a lawful and binding obligation to the Existing Shareholders and this Agreement is enforceable against
the Existing Shareholders.

 

		(5)	Existing Shareholders are the legal registered owners of the Company when this Agreement comes
into force. Except for the rights set forth in this Agreement, the Equity Pledge Agreement entered into with the Company
and the WFOE, and the Shareholders’ Voting Rights Proxy Agreement with the Company and the WFOE, there are no liens,
pledges, claims, or any other security interests or third-party rights in the Option Equity. Under this Agreement, the WFOE and/or
any other entity or individual designated by the WFOE, after exercising their rights, may acquire good ownership of the transferred
equity without any lien, pledge, claim or other security interests or third-party rights.

 

		4.2	The Company hereby represents and warrants the following:

 

		(1)	The Company is a limited liability company with independent legal personality duly registered and
validly existing in accordance with Chinese law. The Company has complete and independent legal status and legal capacity to execute,
deliver and perform this Agreement, and can independently act as a litigation subject.

 

		(2)	The Company has the full power and authority to execute and deliver this Agreement and all other
documents related to the transactions referred to in this Agreement which it will sign. It has the full power and authority to
consummate the transactions referred to in this Agreement.

 

		(3)	This Agreement is legally and appropriately signed and delivered by the Company. This Agreement
constitutes a lawful and binding obligation on the Company.

 

		(4)	Existing Shareholders are all legal registered shareholders of the Company this Agreement comes
into force. Under this Agreement, the WFOE and/or any other entity or individual designated by the WFOE, after exercising their
rights, may acquire good ownership of the transferred equity without any lien, pledge, claim or other security interests or third-party
rights.

 

		(5)	At the time of entry into this Agreement, the Company has the complete business licenses required
for its operation, and it has full rights and qualifications to operate its business in China. The Company has operated in accordance
with the law since its establishment. There are no violations or possible violations of the regulations and requirements of industry
and commerce, taxation, culture, quality and technical supervision, labor and social security and other government departments,
and there are no disputes about its breach of contract.

 

    4

     

    

 

		5.	Undertakings of Existing Shareholders

 

The Existing Shareholders hereby
severally and jointly undertake the following:

 

		5.1	During the validity period of this Agreement, they shall take all necessary measures to ensure
that the Company is able to obtain all the business licenses needed to operate its business in a timely manner and that all business
licenses remain valid at all times.

 

		5.2	During the validity period of this Agreement, without prior written consent of the WFOE:

 

		(1)	No Existing Shareholder may transfer or dispose of any Option Equity in any other way or set up
any security interest or other third-party rights on any Option Equity;

 

		(2)	No Existing Shareholder may increase or decrease the registered capital of the Company or otherwise
change its registered capital structure;

 

		(3)	No Existing Shareholder may dispose of or cause the management of the Company to dispose of any
major assets of the Company (except those occurring in the normal course of business);

 

		(4)	No Existing Shareholder may terminate or cause the management of the Company to terminate any major
agreement entered into by the Company or to sign any other agreement that may conflict with existing major agreements;

 

		(5)	No Existing Shareholder may, severally or jointly, cause the Company to enter into transactions
that may substantially affect the Company’s assets, liabilities, business operations, ownership structure, the third parties’
equities and other legal rights held by the Company (except those arising in the normal course of business);

 

		(6)	No Existing Shareholder may appoint or replace any Company’s directors, supervisors or executives
of other companies that shall be appointed or removed by Existing Shareholders;

 

		(7)	No Existing Shareholder may declare to distribute or actually release any distributable profits,
bonus, dividends or interests, or vote to agree to the above distribution or release;

 

		(8)	The Existing Shareholders shall ensure that the Company is validly existing without being terminated,
liquidated or dissolved;

 

		(9)	No Existing Shareholder may substantially amend the articles of association of the Company; and

 

		(10)	The Existing Shareholders shall ensure that the Company not lend or borrow loans, or provide guarantees
or other forms of guarantees, or assume any substantive obligations outside its normal business activities.

 

		5.3	During the validity period of this Agreement, the Existing Shareholders must make their best efforts
to develop the business of the Company and ensure that the Company operates legally and in compliance with the regulations. The
Existing Shareholders will not perform any actions or omissions that may adversely affect the Company’s assets, goodwill or the
validity of the Company’s business license.

 

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		6.	Company’s covenants

 

		6.1	If the execution and performance of this Agreement and the granting of the Share Transfer Option
under this Agreement are subject to consent, permission, waiver, authorization of any third party or approval, permission, exemption
of any government agency or the registration or filing procedures with any government agency (if required by law), the Company
shall satisfy the above conditions.

 

		6.2	Without prior written consent of the WFOE, the Company will not assist or allow Existing Shareholders
to transfer or otherwise dispose of any Option Equity or create any security interests or other third-party rights on any Option
Equity.

 

		6.3	Without prior written consent of the WFOE, the Company shall not merge, combine or form a joint
entity with any third party, or acquire any third party or be acquired or controlled from the date hereof.

 

		6.4	The Company shall not engage in or permit any act or action that may have a significant adverse
effect on the interests of the WFOE under this Agreement, including, but not limited to, the sale, transfer, mortgage or other
disposal of any of its own assets, business, income or other legal interests, or the granting of any security interests or other
third-party rights (except those arising in the normal course of business) in such assets, business, income or other legal interests.

 

		6.5	Without the prior written consent of the WFOE, the Company shall not incur, inherit, guarantee
or permit any debt except that (1) debts generated in normal or routine business processes rather than through borrowing, and (2)
debts disclosed to the WFOE and has obtained consent in writing from the WFOE.

 

		6.6	The Company shall immediately notify the WFOE of any lawsuit, arbitration or administrative procedures
concerning the Company’s equity and/or assets that has occurred or may occur.

 

		6.7	From the date hereof, the Company entrusts the WFOE with the custody and control of certificates
and official seals which are important to the daily operation of the Company, including but not limited to the Company’s business
license, organization code certificate, official seal, contract seal, special financial seal and legal representative seal.

 

		6.8	In case that the Existing Shareholder is in the event of the merger, split, dissolution, liquidation,
bankruptcy or other circumstances may affect the exercise of its equity interests in the Company, any heir or successor of the
Existing Shareholder shall be deemed to be the signatory party to the Agreement and shall inherit/assume all the rights and obligations
of the Existing Shareholder hereunder. The Existing Shareholders and the Company undertake that they have made all appropriate
arrangements and signed all necessary documents to ensure that the performance hereof will not be affected or hindered in the event
of the merger, split, dissolution, liquidation, bankruptcy or other occurrence that may affect the Existing Shareholder’s
holding of ownership of the Company.

 

		7.	Confidentiality obligations

 

		7.1	For the purposes of this Agreement, the term “confidential information” includes, but
not limited to, all or any part of the following information: any contract, agreement, memorandum, annex, draft or record (including
this Agreement) signed by the parties for the purposes of this Agreement; and any notice given by one party to this Agreement to
the other parties for the purposes of this Agreement without statement that such notice includes public information. Upon termination
of this Agreement, either party shall return any documents, information or software containing confidential information to the
other party at the request of the other party or destroy them on its own, and delete all the confidential information from any
relevant memory device, and shall refrain from using such confidential information.

 

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		7.2	Unless prior written consent of the parties to this Agreement is obtained, any party shall not
disclose confidential information to any third party in any way.

 

		7.3	Each party to the Agreement shall take the necessary measures to limit the confidential information
it knows or understands to its relevant staff, agents or consultants, and require them to strictly abide by this article and not
to disclose the confidential information to any third party. Each party undertakes not to disclose or divulge confidential information
obtained from other parties to its unrelated staff.

 

		7.4	No party shall be deemed to unlawfully disclose confidential information in the following circumstances:

 

		(1)	The information is already known to the public before it is leaked (except the leakage in violation
of this article):

 

		(2)	With the prior written consent of the parties concerned:

 

		(3)	Disclosure made in response to mandatory requirements of government departments or legal decrees,
but the requirements of government departments must be issued in formal written documents, otherwise the parties to the agreement
shall refuse to disclose or divulge any confidential information.

 

		7.5	If one party to the Agreement breaches the provisions hereof, it shall compensate the other parties
for their actual losses.

 

		7.6	The parties agree that this article shall remain in force regardless of whether or not this Agreement
is amended, rescinded or terminated.

 

		8.	Term of Agreement

 

		8.1	This Agreement shall be valid for ten years following the date all parties sign this Agreement.
After the expiration of this Agreement, unless the WFOE notifies the other parties 30 days in advance that this Agreement will
not be renewed, this Agreement will be renewed automatically thereafter for successive 10 years. The Agreement will be terminated
after all Option Equity are transferred to the WFOE and/or any other entity or individual designated by the WFOE in accordance
with the provisions of this Agreement.

 

		8.2	The parties to this Agreement shall complete the approval and registration procedures for extending
their terms within three months before the expiration of their respective operating periods so as to extend the validity of this
Agreement.

 

		8.3	During the term of this Agreement, the Existing Shareholders or the Company shall not early terminate
this Agreement unless otherwise stipulated by law. However, the WFOE shall always have the right to terminate this Agreement at
any time by giving written notice to other parties 30 days in advance.

 

		9.	Notice

 

All notices and other communications
required or sent under this Agreement shall be sent to the following addresses of the party by personal delivery, registered post,
postage prepayment or commercial express service or fax. Effective date of service of such notices shall be determined as follows:

 

If the notice is sent by personal
delivery, express service or registered post or prepaid postage, the date of delivery shall be the effective date.

 

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If the notice is sent by fax,
the effective date of service shall be the date of successful transmission (evidenced by the automatically generated transmission
confirmation information).

 

For the purpose of notice, the
addresses of the parties are as follows:

 

The WFOE: Lohas World (Shenzhen)
Intelligent Technology Co., Ltd.

Address: Room 201, Building
A, No. 1 Qianwan First Road, Qianhai Shenzhen-Hong Kong Cooperation Zone, Shenzhen City (where Shenzhen Qianhai Business Secretary
Co., Ltd. is settled)

Fax: 0755-33093706

 

Shareholder A: Shenzhen Lohas
World Co., Ltd.

Address: Room 408, Smart Valley
Innovation Park Building, No. 1010 Bulong Road, Minzhi Street, Longhua New District, Shenzhen City

Fax: 0755-33093706

 

Shareholder B: Gongqingcheng
Baorui Lohas Investment Partnership (Limited Partnership)

Address: Gongqingcheng Privately
Offered Fund Innovation Park, Jiujiang City, Jiangxi Province

Fax: 0755-23613507

 

The Company: Lohas Agricultural
Information Technology Co., Ltd.

Address: Room 201, Building
A, No. 1 Qianwan First Road, Qianhai Shenzhen-Hong Kong Cooperation Zone, Shenzhen City (where Shenzhen Qianhai Business Secretary
Co., Ltd. is settled) (Actual business address: Room125, Building No. 4, Nord Holiday Garden, Nanshan Street, Nanshan District,
Shenzhen)

Fax: 0755-33093706

 

Either party may change the
address at which it receives the notice by giving notice to the other parties at any time in accordance with the provisions of
this article.

 

		10.	Liability for breach of contract

 

		10.1	The parties agree and confirm that, if any party (hereinafter referred to as the “Defaulting
Party”) materially breaches any agreement made under this Agreement or materially fails to perform any obligation under
this Agreement, it constitutes a breach of contract under this Agreement (hereinafter referred to as a “Default”),
and any other non-Defaulting Party (hereinafter referred to as the “Non-defaulting Party”) shall be entitled to
require the Defaulting Party to make corrections or take remedial measures within a reasonable period of time. If the Defaulting
Party fails to make corrections or take remedial measures within a reasonable period of time or within 15 days after the written
notice provided by the Non-defaulting Party requesting for correction, then

 

		(1)	If any of the Existing Shareholder or the Company is the Defaulting Party, the WFOE shall have
the right to terminate this Agreement and claim damages from the Defaulting Party;

 

		(2)	If the WFOE is the Defaulting Party, the Non-defaulting Party shall have the right to claim damages
from the Defaulting Party, but under no circumstances shall it have any right to terminate or rescind this Agreement unless otherwise
provided by law.

 

		10.2	Notwithstanding other provisions of this Agreement, the validity of this article shall not be affected
by the termination or rescission of this Agreement.

 

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		11.	Others

 

		11.1	This Agreement is drafted both in English and Chinese languages, and both language versions shall
be equally authentic. If there is any conflict between the two versions, the Chinese one shall prevail.

 

		11.2	The Chinese version of this Agreement is made into four (4) originals, and each of the parties
to this Agreement has one (1) original.

 

		11.3	The conclusion, entry into force, performance, modification, interpretation and termination of
this Agreement shall be governed by Chinese law.

 

		11.4	Any dispute arising out of or in connection with this Agreement shall be settled by the parties
through consultation. If the parties fail to reach an agreement within 30 days after the dispute arises, the dispute shall be submitted
to the Shenzhen Court of International Arbitration (Shenzhen Arbitration Commission) and arbitrated in Shenzhen, China, in accordance
with the arbitration rules in force by the Commission at that time. The result of arbitration shall be final and binding on all
parties.

 

The arbitral tribunal may award
compensation, compulsory relief (including, but not limited to, the need for the conduct of business or compulsory transfer of
assets) for the Company’s equity or property rights or decide that the Company shall be liquidated. After the arbitral award takes
effect, either party has the right to apply to the court with jurisdiction for the enforcement of the arbitral award. As a measure
of property preservation or enforcement, at the request of the disputing party, the court with jurisdiction has the right to provide
temporary relief measures to the disputing party while awaiting the formation of an arbitral tribunal or other appropriate circumstances
permitted by law. Subject to the provisions of Chinese law, the courts of following places: (1) the Cayman Islands, (2) the place
of incorporation of the Company, (3) the location of the NASDAQ Stock Market and (4) location of the main assets of the Company
or the location of the ultimate controlling shareholder of the Company, shall have jurisdiction over the foregoing purposes.

 

		11.5	Any rights, powers and remedies conferred on each party by any provision of this Agreement shall
not exclude any other rights, powers or remedies enjoyed by that party in accordance with the provisions of law and other provisions
of this Agreement, and the exercise of one party’s rights, powers and remedies shall not exclude the exercise of other rights,
powers and remedies enjoyed by that party.

 

		11.6	A party’s failure to exercise or delay the exercise of any rights, powers and remedies enjoyed
by it under this Agreement or law will not result in the waiver of such rights. In addition, any waiver of single or partial rights
of that party shall not preclude the party’s exercise of such rights in other ways and the exercise of other rights of that party.

 

		11.7	The headings of each article of this Agreement are for convenience purposes only. In no case shall
such headings be used or affect the interpretation of the provisions of this Agreement.

 

		11.8	Each article of this Agreement is severable and independent from any other article. At any time
any one or more articles of this Agreement become invalid, illegal or unenforceable, the validity, legality and enforceability
of other articles of this Agreement shall not be affected.

 

		11.9	This Agreement shall replace all agreements reached by parties on the contents hereof prior to
the Agreement. Any amendment or supplement to this Agreement must be made in writing and duly signed by the parties to this Agreement
before it can come into force.

 

		11.10	Unless otherwise provided in this Agreement, any party shall not transfer any rights and/or obligations
under this Agreement to any third party without the prior written consent of other parties.

 

		11.11	This Agreement shall be binding on the legitimate successors of all parties.

 

(There is no text below this page)

 

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(This page is the signature page of Exclusive Option Agreement)

 

In witness of this, the Exclusive Option Agreement is signed
by the following parties on the date and the place first written above.

 

Lohas World (Shenzhen) Intelligent Technology
Co., Ltd. (Seal)

  

	Signature: 	/s/ Yanyue Zhang	 
	Name: 	Yanyue Zhang	 
	Title: 	Legal Representative	 
	 	 
	Shenzhen Lohas World Co., Ltd. (Seal)	 
	 	 
	Signature:	/s/ Yanyue Zhang	 
	Name: 	Yanyue Zhang	 
	Title: 	Legal Representative	 
	 	 
	Gongqingcheng Baorui Lohas Investment Partnership (Limited Partnership) (Seal)
	 	 
	Signature: 	/s/ Yanhong Li	 
	Name: 	Yanhong Li	 
	Title: 	Authorized Representative of Executive Partner	 
	 	 
	Lohas Agricultural Information Technology Co., Ltd. (Seal)
	 	 
	Signature:	/s/ Yanyue Zhang	 
	Name: 	Yanyue Zhang	 
	Title: 	Legal Representative	 

 

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Annex I:

 

Basic facts of the Company

 

Company name: Lohas Agricultural Information
Technology Co., Ltd.

 

Registration address: Room 201, Building
A, No. 1 Qianwan First Road, Qianhai Shenzhen-Hong Kong Cooperation Zone, Shenzhen City (where Shenzhen Qianhai Business Secretary
Co., Ltd. is settled) (Actual business address: Room125, Building No. 4, Nord Holiday Garden, Nanshan Street, Nanshan District,
Shenzhen)

Registered capital: RMB 50 million yuan

Legal Representative: ZHANG Yanyue

 

Shareholding structure:

 

	Name of shareholders	 	Amount of contribution (RMB ten thousand yuan)	 	 	Proportion of contribution	 
	Shenzhen Lohas World Co., Ltd.	 	 	4,966.6667	 	 	 	99.333334	%
	Gongqingcheng Baorui Lohas Investment

                                   Partnership (Limited Partnership)
	 	 	33.3333	 	 	 	0.666666	%
	Total	 	 	5,000	 	 	 	100	%

 

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Annex II:

 

Form of Exercise Notice

 

To: Shenzhen Lohas World Co., Ltd., Gongqingcheng
Baorui Lohas Investment Partnership (Limited Partnership)

 

Reference is made
to certain Exclusive Option Agreement (hereinafter referred to as the Option Agreement) with each of you and Lohas Agricultural
Information Technology Co., Ltd. (hereinafter referred to as the “Company”) on ____ (Day)____ (Month)___(Year). Pursuant
to the Option Agreement, is the parties thereto agreed that, subject to Chinese laws and regulations, each of you shall transfer
to us and/or any third party designated by us the equity interests you hold in the Company in accordance with our requirements.

 

Therefore, we hereby
give you the following notice:

 

We hereby request
to exercise the option under the Option Agreement and the Company or _____ designated by the Company is the transferee of your
_____% equity of the Company (hereinafter referred to as the “proposed transferable equity”).

 

Upon receipt of this
notice, you are requested to transfer all the proposed transferable equity to the Company as stipulated in the Option Agreement.

 

Lohas World (Shenzhen) Intelligent Technology
Co., Ltd. (Seal)

 

	Signature: 	/s/ Yanyue Zhang	 
	Name:	Yanyue Zhang	 
	Title:	Legal Representative	 

 

    12

     

    

 

Annex III:

 

Form of Power of Attorney 

 

Shenzhen Lohas World
Co., Ltd. (the “Company”), hereby irrevocably entrusts _____ , ID No.: ____________, as the authorized trustee of the
Company to sign the share transfer agreement and other relevant legal documents between the Company and Lohas World (Shenzhen)
Intelligent Technology Co., Ltd. on the transfer of equity interests in Lohas Agricultural Information Technology Co., Ltd. and
to handle all formalities such as industrial and commercial registration related to the ownership change. The Company confirms
that such share transfer agreements and other relevant legal documents are legally binding upon the Company upon execution.

 

Shenzhen Lohas World Co., Ltd. (Seal)

 

	Signature: 	/s/ Yanyue Zhang	 
	Name:	Yanyue Zhang	 
	Title:	Legal Representative	 

 

    13

     

    

 

Form of Power of Attorney

 

Gongqingcheng Baorui
Lohas Investment Partnership (Limited Partnership) (the “Company”)hereby irrevocably entrusts _Zhang Yanyue____ , ID
card No.: ____________ , as the authorized trustee of the Company to sign the share transfer agreement and other relevant legal
documents between the Company and Lohas World (Shenzhen) Intelligent Technology Co., Ltd. on the transfer of equity interests in
Lohas Agricultural Information Technology Co., Ltd. and to handle all formalities such as industrial and commercial registration
related to the ownership change. The Company confirms that such share transfer agreements and other relevant legal documents are
legally binding upon the Company upon execution.

 

Gongqingcheng Baorui Lohas Investment Partnership
(Limited Partnership) (Seal)

 

	Signature: 	/s/
    Yanhong Li	 
	Name:	Yanhong
    Li	 
	Duties:

	 	 

 

 

 

14Exhibit 10.7

 

Trademark Licensing Contract (English
Translation)

 

This Licensing Contract
(“this Contract”) was made and entered into in Shenzhen City, the People’s Republic of China (“China”)
on 08/17/2019 by and between the following parties:

 

Party A: Shenzhen
Lohas World Co., Ltd. (hereinafter referred to as “Party A”)

Unified social credit
code:

Legal Representative:
ZHANG Yanyue

 

Party B: Lohas
Agricultural Information Technology Co., Ltd. (hereinafter referred to as “Party B”)

Unified social credit
code:

Legal Representative:
ZHANG Yanyue

 

According to the relevant
provisions of the Trademark Law of the People’s Republic of China and the Implementing Regulations of the Trademark
Law of the People’s Republic of China, the Parties have, in line with the principles of voluntariness and good faith,
signed this Trademark Licensing Contract as follows by consensus:

 

The aforementioned are
referred to as a “Party” individually and the “Parties” collectively.

 

		Article I	Definition

 

The terms and expressions referred
to in this Article are those that need to be defined when this Contract is signed.

 

		1.	China: refers to the People’s Republic of China,
excluding the Hong Kong Special Administrative Region, Macao Special Administrative Region and Taiwan;

 

		2.	Trademark Licensor: refers to the licensor of the Licensed Trademarks, that is, Party A;

 

		3.	Licensed Trademarks: refers to the trademarks as shown in Appendix I hereto which are registered
by Party A in the Trademark Office of the State Administration for Industry and Commerce of the People’s Republic of China
by obtaining the Trademark Registration Certificate;

 

    1

     

    

 

		4.	Trademark Licensee: refers to the licensee of Licensed Trademarks, including Party B and its controlled
subsidiaries;

 

		5.	Third Party: refers to any individual, legal person, company, enterprise, government or other economic
entity other than Party A or the Trademark Licensee;

 

		6.	Force Majeure: refers to all events unforeseeable, unavoidable or whose consequences are insurmountable
which seriously prevent either Party from fulfilling all or part of its obligations hereunder.

 

		Article II	Grant of License

 

		1.	Party A shall license the Licensed Trademarks to the Trademark Licensee for use in China within
the scope of the approved services as shown in Appendix I and within the business scope of the Trademark Licensee.

 

		2.	Party A shall not prohibit Party B from sublicensing the Licensed Trademarks to a controlled subsidiary/branch
that is established, acquired or otherwise owned by the Trademark Licensee during the licensing period as agreed herein.

 

		Article III	Licensing Period

 

The licensing period for any
registered trademark hereunder shall start from the effective date hereof to the expiration date of the validity term of such registered
trademark hereunder. In the case that Party A has renewed the registered trademark before the expiration of the validity term,
the licensing period for such registered trademark shall be automatically extended to the expiration date of the renewed validity
term, and so on.

 

		Article IV	Fees

 

The royalty for the Licensed
Trademarks hereunder shall be RMB One Yuan Only. Party B may reasonably use the Licensed Trademarks upon obtaining license hereunder
without paying additional fees to Party A.

 

		Article V	Right of First Refusal

 

In the case that Party A intends
to transfer the Licensed Trademarks, it shall notify Party B in writing in advance. Party B shall enjoy the right of first refusal
under the same conditions. Party B’s failure to exercise the right of first refusal within 30 days upon receipt of the written
notice from Party A shall be deemed as its waiver of such right of first refusal.

 

    2

     

    

 

		Article VI	Mode of Provision

 

The mode of providing the Licensed
Trademarks shall be as follows: Party A shall provide Party B with the electronic logo of the Licensed Trademarks, which may be
printed by the Trademark Licensee for use.

 

		Article VII	Representations, Undertakings
and Warranties

 

		1.	Party A warrants to Party B that it legally holds the ownership of the Licensed Trademarks and
has the right to license the Trademark Licensee to use such Licensed Trademarks without the authorization, consent or approval
of any Third Party;

 

		2.	Except for the information already known by Party B, Party A warrants to Party B that the Licensed
Trademarks are free from any pledge or any other third party right within the term hereof;

 

		3.	Party A shall ensure the validity of the registered trademarks and promptly complete the procedures
for the renewal of the registered trademarks;

 

		4.	Party A warrants that it shall handle other procedures required to ensure the legality of the registered
trademarks and shall cooperate to complete the filing procedures for trademark licensing;

 

		5.	Party A undertakes not to allow any Third Party to use any registered trademark hereunder during
the licensing period;

 

		6.	Party A undertakes not to hold Party B liable for using the registered trademarks hereunder prior
to the signing hereof or require Party B to provide compensation in any form.

 

		Article VIII	Supervision

 

The Trademark Licensee shall
not arbitrarily alter the word, design or combination thereof concerning the Licensed Trademarks of Party A, nor use the registered
trademarks of Party A beyond the scope of goods or services licensed for use.

 

    3

     

    

 

		Article IX	Damage and Compensation

 

		1.	Where either Party breaches its obligations, responsibilities, representations, undertakings and
warranties set forth herein, it shall compensate the other Party for the resulting losses (including but not limited to direct
losses and indirect losses), reasonable fees (including but not limited to attorney’s fees and legal costs, etc.) and the
expenses;

 

		2.	Party A shall assist Party B in settling and compensate Party B for losses (including, but not
limited to, direct and indirect losses), reasonable fees (including but not limited to attorney’s fees and legal costs, etc.)
and the expenses arising from any claim against Party B made by any Third Party asserting that the trademark license granted by
Party A to Party B pursuant to this Contract infringes upon its rights;

 

		3.	In the case that either Party fails to perform its obligations and responsibilities hereunder due
to force majeure, it shall be exempted from the liability for breach of contract;

 

		4.	This Contract shall be performed by the Parties in good faith after it enters into force. Except
terminating the performance and notifying the other Party pursuant to laws and as agreed herein, Party A agrees to waive its unilateral
termination right concerning this Contract, that is, Party A waives the right to unilaterally terminate this Contract; otherwise,
it shall compensate Party B for the losses (including but not limited to direct and indirect losses), reasonable fees (including
but not limited to attorney’s fees and legal costs, etc.) and expenses caused thereby.

 

		Article X	This Contract shall come into force on the date of signing
by the Parties, and may be terminated in advance by the Parties upon consensus.

 

		Article XI	Except for the purpose of performing this Contract, neither
Party A nor Party B shall disclose this Contract and any provisions hereunder to any Third Party, unless the Parties are obliged
to do so pursuant to the provisions of applicable laws and regulations, or the provisions or requirements of relevant stock exchanges
or regulatory authorities.

 

		ArticleXII	In the event that either Party breaches any provision hereof
or any dispute regarding this Contract arises, the Parties shall negotiate amicably to facilitate the proper settlement of such
breach or dispute. In the case that the Parties are unwilling to negotiate or mediate, or that the negotiation or mediation fails,
either Party may apply to Shenzhen Court of International Arbitration (Shenzhen Arbitration Commission) for arbitration of such
dispute, controversy or claim in Shenzhen in accordance with the then effective arbitration rules of the Commission. The arbitration
award shall be final and binding on the Parties.In the event of inconsistency between the Chinese and English translations of
this contract, the Chinese version shall prevail.

 

    4

     

    

 

		Article XIII	This Contract shall be binding upon the heirs, successors
and assigns of the Parties. If such heirs, successors and assigns become qualified as Parties hereto, they shall perform the obligations,
responsibilities, representations, undertakings and warranties hereunder in good faith and enjoy the rights hereunder. Party A
and Party B undertake to cause their respective heirs, successors and assigns to sign any agreement, correspondence, contract
or other document required by laws and regulations to enable such heirs, successors and assigns to assume their obligations and
rights hereunder and to complete all necessary procedures.

 

		Article XIV	Anything not covered herein shall be settled by the Parties
through amicable negotiation.

 

		Article XV	This Contract is made in two (2) copies, with each copy
having the same legal effect and each Party holding one (1) copy. Where it is necessary to provide any other version of this trademark
licensing agreement to the Trademark Office or other competent authorities for handling the recording procedures, the Parties
shall cooperate in signing such other version of this agreement. In case of any discrepancy between such version of agreement
and this Agreement, this Agreement shall prevail.

 

(Signature Page, No
Articles Below)

 

Party A: Shenzhen
Lohas World Co., Ltd. (Seal)

 

Authorized representative
(signature): /s/ Yanyue Zhang

 

Party B: Lohas
Agricultural Information Technology Co., Ltd. (Seal)

 

Authorized representative
(signature): /s/ Yanyue Zhang

 

    5

     

    

 

Appendix: Licensed Trademarks

 

	S/N	Graphics and

 Texts	Certificate 

No.	Category	Approved Services	Registrant	Registered (Renewed) 

Validity Term
	1	 	12774714	

35
	
         

        Advertising; Advertising Planning; Public
        Relations; Business Management of Hotels; Import and Export Agency; Promoting for Others; Purchasing for Others (Purchasing Goods
        or Services for Other Enterprises); Employment Agency; Word Processing; Vending Machine Rental

         
	

Shenzhen Lohas World Co., Ltd.
	

July 21, 2015 to July 20, 2025

	2		21074204	31	Fresh betel nut	Shenzhen Lohas World Co., Ltd.	December 14, 2017 to February 13, 2027
	3	 	21074235	31	Fresh betel nut	Shenzhen Lohas World Co., Ltd.	August 28, 2018 to August 27, 2028
	4	 	24971943	31	Fresh betel nut	Shenzhen Lohas World Co., Ltd.	September 14, 2018 to September 13, 2028
	5	 	13335334	35	Advertising; Advertising Planning; Public Relations; Business Management of Hotels; Import and Export Agency; Promoting for Others; Purchasing for Others (Purchasing Goods or Services for Other Enterprises); Employment Agency; Word Processing; Vending Machine Rental	Shenzhen Lohas World Co., Ltd.	February 7, 2015 to February 6, 2025
	6	 	13335389	35	Advertising; Advertising Planning; Public Relations; Business Management of Hotels; Import and Export Agency; Promoting for Others; Purchasing for Others (Purchasing Goods or Services for Other Enterprises); Employment Agency; Word Processing; Vending Machine Rental	Shenzhen Lohas World Co., Ltd.	June 7, 2015 to June 6, 2025

 

 

6

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