Document:

Exhibit 10.4

 

THE EXCLUSIVE SERVICE AGREEMENT

 

AMONG

 

CHENGDU QILIAN TRADING CO., LTD

 

AND

 

GANSU QILIANSHAN PHARMECEUTICAL CO., LTD.

 

May 20, 2019

 

     

     

    

 

THE EXCLUSIVE SERVICE AGREEMENT

 

This EXCLUSIVE SERVICE AGREEMENT (this “AGREEMENT”)
is entered into as of May 20, 2019 (“SIGNING DATE”) in Jiuquan City, the People’s Republic of China (“CHINA”
or “PRC”) by and among the following Parties:

 

(1) CHENGDU QILIAN TRADING Co., Ltd. (“CHENGDU
QILIASN TRADING”), a limited liability company legally established under the laws of PRC,

REGISTERED ADDRESS: 3rd Floor, Building F-19, Qingyang
Industrial Headquarters Base, No. 189 Tengfei Avenue, Qingyang District, Chengdu City, Sichuan Province.

 

(2) GANSU QILIANSHAN PHARMACEUTICAL Co.,Ltd. (“GANSU
QLS”), a limited liability company legally established under the laws of PRC,

REGISTERED ADDRESS: Jiuquan Economic and Technological Development
Zone,Jiuquan City, Gansu Province, People’s Republic of China.

 

(In this Agreement, Chengdu Qilian Trading and Gansu QLS shall
hereinafter be referred to as a “PARTY” individually, and collectively “PARTIES”.)

 

WHEREAS:

 

1. Chengdu Qilian Trading is a wholly foreign owned enterprise
legally established and validly existing in China, mainly engaged in enterprise management service and intechnical advisory service;

 

2. Gansu QLS is a limited liability company
legally established and validly existing in China, mainly engaged in the production and sale of API (oxytetracycline, tetracycline),
extracts, extractum liquidum, tablets, hard capsules; operating the company's own products and various raw materials, intermediates,
traditional Chinese medicine materials, chemical products ( Domestic and foreign trade of veterinary APIs and technologies; hazardous
waste treatment and utilization.

 

    	 	2	 

     

    

 

3. As agreed by the Parties, Gansu QLS expects that Chengdu
Qilian Trading provides Gansu QLS with technical advisory services, as well as other services in relation to business operation
of enterprise. 

 

The Parties sign this agreement to confirm the provisions and
conditions. Whereas, Chengdu Qilian Trading would provide Gansu QLS with consulting and other relevant services:

 

ARTICLE 1 - DEFINATION AND INTERPRETATION

 

1.1 Unless to be otherwise
interpreted by the terms or in the context herein, the following terms in this Agreement shall be interpreted to have the following
meanings:

 

“CHENGDU QILIAN TRADING” means Chengdu Qilian Trading
Co., Ltd.

 

“GANSU QLS” means Gansu Qilianshan Pharmaceutical
Co., Ltd.

 

“GANSU QLS BUSINESS” means all the business actions
legally performed by Gansu QLS, currently or at any time during term of validity of this Agreement;

 

“SERVICE” means the services in relation and exclusively
provided to Gansu QLS within the approved business scope of Chengdu Qilian Trading, as stipulated by Article 2.4 of this Agreement;

 

“SERVICE FEES” means the services in relation and
exclusively provided to Gansu QLS within the approved business scope of Chengdu Qilian Trading, as stipulated by Article 2.4 of
this Agreement;

 

“CHINA” means People’s Republic of China (excluding
Hong Kong Special Administrative Region, Macao Special Administrative Region and Taiwan Region);

 

    	 	3	 

     

    

 

1.2 References in
this Agreement to any laws and regulations (the “LAWS”) shall include reference :

 

		(1)	at the same time to the amendments, changes, supplements and reformulations of such Laws, whether or not the effectiveness
of the same is prior to or after the execution of this Agreement; and

		(2)	at the same time to other decisions, notices and rules formulated or becoming effective according to such Laws.

 

1.3 Unless otherwise specified in the context of this
Agreement, the Article, sub-article, section or paragraph mentioned herein shall refer to the corresponding content in this
Agreement accordingly.

 

ARTICLE 2 - SERVICES

 

2.1 During the term of validity of this Agreement, Gansu QLS
exclusively entrusts management and consulting services to Chengdu Qilian Trading, agrees to irrevocably entrust the right of management
and operations of Gansu QLS to Chengdu Qilian Trading. Chengdu Qilian Trading shall provide the aforesaid services diligently,
in accordance with the business requirements and specific requests at any time from Gansu QLS.

 

2.2 The purpose of the entrusted operation is that Chengdu Qilian
Trading shall be in charge of the normal business operations of Gansu QLS, and provide full managements to Gansu QLS’s operations.

 

2.3 The contents of the entrusted operation shall include but
not be limited to the following:

 

(1) Chengdu Qilian Trading shall be in charge of all
aspects of Gansu QLS’s operations; nominate and replace the members of Gansu QLS’s board of directors, and engage Gansu
QLS’s management staff and decide their compensation;

 

    	 	4	 

     

    

 

(2) Chengdu Qilian Trading shall control and manage
all the matters of Gansu QLS, including but not limited to internal financial management, day-to-day operation, external contract
execution and performance, tax filing and payment, change of rights and personnel;

 

(3) Chengdu Qilian Trading shall manage and control
all the funds of Gansu QLS, including but not limited to current working capital, recovered account receivables, and the payment
of all account payables and operation expenses, employee salaries and asset purchases. The accounts of Gansu QLS shall be managed
solely by Chengdu Qilian Trading;

 

(4) Chengdu Qilian Trading shall enjoy all the other
responsibilities and rights enjoyed by Gansu QLS’s investors in accordance with the applicable law and the articles of association
of Gansu QLS, including but not limited to the following:

 

		a)	Deciding Gansu QLS’s operation principles and investment plan;

		b)	Nominating the members of the board of directors;

		c)	Discussing and approving the report of the executive officers;

		d)	Discussing and approving the annual financial budget and settlement plan;

		e)	Discussing and approving the profit distribution plan and the loss compensation plan;

		f)	Resolving on the increase or decrease of the registered capital;

		g)	Resolving on the issuance of the corporate bond;

		h)	Resolving on the matters including merger, division, change of corporate form, dissolution and liquidation of the company;

		i)	Amending the articles of association;

		j)	Other responsibilities and rights provided by Gansu QLS’s articles of association.

 

(5) Chengdu Qilian Trading Shenyang enjoys all the
other responsibilities and rights enjoyed by Gansu QLS’s board of directors and executive officers in accordance with the
applicable law and the articles of association of Gansu QLS, including but not limited to the following:

 

		a)	Executing the resolution of the investors;

		b)	Deciding the company’s operation plan and investment scheme;

		c)	Composing the annual financial budget and settlement plan;

		d)	Formulating the profit distribution plan and the loss compensation plan;

 

    	 	5	 

     

    

 

		e)	Formulating the plans regarding to the increase or decrease of the registered capital and the issuance of the corporate bond;

		f)	Formulating the plans regarding to the matters including merger, division, change of corporate form and dissolution of the
company;

		g)	Deciding on the establishment of the internal management structure of the company;

		h)	Formulating the basic rules and regulations of the company;

		i)	Representing the company to sign relative documents;

		j)	Other responsibilities and rights provided by Gansu QLS’s articles of association.

 

2.4 As the Parties understand, the scope of services that Chengdu
Qilian Trading provides shall subject to the approved business scope of Chengdu Qilian Trading; as Gansu QLS requires services
out of the approved business scope of Chengdu Qilian Trading, Chengdu Qilian Trading would apply to enlarge its business scope
to the maximum extent permitted by law, and provide the required services after being approved.

 

2.5 The said entrustment is irrevocable and shall not be withdrawn,
unless the Agreement is terminated pursuant to written agreement of both parties.

 

ARTICLE 3 - SERVICE FEES

 

3.1 As consideration of the management and consulting services
that Chengdu Qilian Trading provides, Gansu QLS shall pay service fees to Chengdu Qilian Trading. The amount of of service fees
shall be the remaining amount of Gansu QLS’s profit before tax after deducting relevant costs and reasonable expenses.

 

3.2 The amount of Service Fees agreed above shall be shared
among Gansu QLS following the proportion on a monthly basis according to their actual incomes from main business in the current
month, and paid to Chengdu Qilian Trading.

 

3.3 All the bank charges due to the occurrence of payment shall
be borne by Gansu QLS. All the amount of payment shall be transferred to the bank account designated by Chengdu Qilian Trading,
by remittance or other means agreed by the Parties. The Parties agree that Chengdu Qilian Trading could also notify Gansu QLS to
change such payment order at any time.

 

    	 	6	 

     

    

 

3.4 Upon written agreement between Chengdu Qilian Trading
and Gansu QLS, the fees agreed in Article 3.1 or their calculation percentage may be adjusted according to the circumstances in
the actual performance, with particulars thereof to be stipulated in separate supplementary agreements to be entered into between
the Parties as an appendix hereto.

 

3.5 Each party shall respectively pay the tax related to their
execution and performance of this Agreement. As Chengdu Qilian Trading requires, in relation to all or part of the service fee
incomes, Gansu QLS shall try its best to assist Chengdu Qilian Trading enjoying the tax exemption or reduction treatment hereunder.

 

ARTICLE 4 – EXCLUSIVITY

 

4.1 The service provided
by Chengdu Qilian Trading in this Agreement shall be exclusive. During the term of validity of this Agreement, unless with consent
of Chengdu Qilian Trading, Gansu QLS shall not sign any contract with any third party, or accept services same as or similar with
those provided by Chengdu Qilian Trading, from any third party in any form. Without prior written consent of Chengdu Qilian Trading,
Gansu QLS shall not accept management and consulting services from any third party.

 

ARTICLE 5 - UNDERTAKINGS AND GUARANTEES

 

5.1 For execution of this Agreement, the Parties hereby undertake
and guarantee for each of its own that:

 

		(1)	it is a company of limited liabilities duly registered and legally existing under the PRC laws with independent legal person
status, and with full and independent status and legal capacity to execute, deliver and perform this Agreement, and may act independently
as a subject of actions;

 

    	 	7	 

     

    

 

		(2)	it has full internal power and authority within its company to execute, deliver and perform this Agreement and all the other
documents to be entered into by it in relation to the transaction referred to herein. This Agreement shall be executed and delivered
by it legally and properly, and constitutes the legal and binding obligations on it and is enforceable on it in accordance with
its terms and conditions;

 

		(3)	it would not violate the binding or influential laws or contracts on it as executing and performing this Agreement;

 

		(4)	for the purpose of performing and achieving the goal of this Agreement, it guarantees for its own to other parties that, it
would execute all necessary and reasonable documents and take all necessary and reasonable actions, including but not limited to
issuing necessary authorization documents;

 

		(5)	it shall inform promptly the other Parties of any litigation it is involved in and other disadvantageous circumstances that
may affect the performance hereof, and shall endeavor at its best efforts to prevent the deterioration of losses caused by such
litigation or other disadvantageous circumstances.

 

5.2 Gansu QLS further guarantees to Chengdu Qilian Trading that:

 

		(1)	it will pay service fees in full to Chengdu Qilian Trading promptly, in accordance with the provisions in this Agreement;

 

		(2)	it will maintain the validity of all licenses and qualifications in relation to Gansu QLS’s business, and it will corporate
actively with Chengdu Qilian Trading to provide services.

 

5.3 During the term of validity of this Agreement, Gansu QLS
agrees to corporate with Chengdu Qilian Trading and the parent company of Chengdu Qilian Trading(directly or indirectly) to conduct
audits on relevant party transactions and other kinds of audits, provide Chengdu Qilian Trading or its entrusted auditors with
information and data in relation to Gansu QLS’s operation, business, clients, finance, staff, etc. Gansu QLS also agrees
that the parent company of Chengdu Qilian Trading could disclose such information and data, in order to meet the supervision requirement
at its securities’ listing spot.

 

    	 	8	 

     

    

 

ARTICLE 6 - INTELLECTUAL PROPERTY

 

6.1 The rights of intellectual property concerning the
work product created during the process of services provision by Chengdu Qilian Trading hereunder shall belong to Chengdu
Qilian Trading.

 

6.2 If business is based on the intellectual property
owned by Gansu QLS, Gansu QLS shall ensure there is no defect on the intellectual property. Gansu QLS shall be liable for all
damages and losses of Chengdu Qilian Trading incurred by defects of intellectual property rights. Chengdu Qilian Trading is
entitled to compensation from Gansu QLS concerning all of its losses.

 

6.3 Notwithstanding any other provisions herein, the validity
of this Article shall not be affected by the suspension or termination of this Agreement.

 

ARTICLE 7 – CONFIDENTIALITY

 

7.1 No matter if this Agreement is terminated or not, the
Parties shall be obliged to keep in strict confidence the commercial secret, proprietary information and customer information in
relation to other Parties and any other non-open information of other Parties which they may become aware of as the result of their
performance hereof (collectively, “CONFIDENTIAL INFORMATION”).

 

7.2 Unless with prior consent of such other Parties in writing
or required to disclose to parties other than Parties hereof according to relevant laws, regulations or listing rules, no Party
shall disclose the Confidential Information or any part thereof to any parties other than Parties hereof; unless for the purpose
of performance hereof, no Party shall use directly or indirectly the Confidential Information or any part thereof for any other
purposes, or it shall bear the default liability and indemnify the losses.

 

    	 	9	 

     

    

 

7.3 Upon termination
of this Agreement, the Parties shall, upon demand by other Parties, provide the Confidential Information, return, destroy or otherwise
dispose of all the documents, materials or software containing the Confidential Information and suspend using such Confidential
Information.

 

7.4 Notwithstanding
any other provisions herein, the validity of this Article shall not be affected by the suspension or termination of this Agreement.

 

ARTICLE 8 - AGREEMENT TERM

 

8.1 The Parties hereby
confirm that, once this Agreement is formally executed by the Parties, this Agreement shall be retrospectively effective as far
as the execution date.

 

8.2 Unless terminated earlier by the Parties in writing, this
Agreement shall be valid for a term of ten (10) years, and renew automatically by ten (10) years after expiration, with no limit
on times of renewal.

 

8.3 Notwithstanding the provisions in the preceding sentence,
Chengdu Qilian Trading has the right to terminate this Agreement at any time on its sole discretion, provided that it has notified
Party B in written form thirty (30) days in advance.

 

ARTICLE 9 – NOTICE

 

9.1 Any notice, request,
demand and other correspondences made as required by or in accordance with this Agreement shall be made in writing and delivered
to the relevant Party.

 

9.2 The abovementioned
notice or other correspondences shall be deemed to have been delivered when it is transmitted if transmitted by facsimile or telex;
it shall be deemed to have been delivered when it is delivered if delivered in person; it shall be deemed to have been delivered
five (5) days after posting the same if posted by mail.

 

    	 	10	 

     

    

 

ARTICLE 10 - DEFAULT LIABILITY

 

10.1 The Parties agree and confirm that, if any Party (the “DEFAULTING
PARTY”) breaches substantially any of the agreements made under this Agreement, or fails substantially to perform any of
the obligations under this Agreement, such a breach shall constitute a default under this Agreement (a “DEFAULT”),
then the non-defaulting Party whose interest is damaged thereby shall have the right to require the Defaulting Party to rectify
such Default or take remedial measures within a reasonable period. If the Defaulting Party fails to rectify such Default or take
remedial measures within such reasonable period or within ten (10) days of the non-defaulting Party notifying the Defaulting Party
in writing and requiring it to rectify the Default, then the non-defaulting Party shall have the right, at its own discretion,
to:

 

		(1)	terminate this Agreement and require the Defaulting Party to indemnify it fully for the damage; or

 

		(2)	demand the enforcement of the Defaulting Party’s obligations hereunder and require the Defaulting Party to indemnify
it fully for the damage.

 

10.2 Notwithstanding any other provisions herein, the validity
of this Article 10 shall not be affected by the suspension or termination of this Agreement.

 

ARTICLE 11 - GOVERNING LAW AND DISPUTE
RESOLUTION

 

11.1 The formation, validity, execution,
amendment, interpretation and termination of this Agreement shall be subject to the PRC Laws.

 

11.2 Any dispute arising hereunder and
in connection herewith shall be settled through consultations among the Parties, and if the Parties cannot reach an agreement regarding
such disputes within thirty (30) days of their occurrence, such disputes shall be submitted to China International Economic and
Trade Arbitration Commission in Beijing for arbitration in accordance with the arbitration rules of such Commission, and the arbitration
award shall be final and binding on the Parties involved in such dispute.

 

    	 	11	 

     

    

 

11.3 Unless otherwise awarded by the arbitration
court, the losing party should bear all the arbitration or prepaid expenses(including but not limited to arbitration expense, arbitrator
and lawyer’s fee, travelling expense, etc.).

 

ARTICLE 12 - FORCE MAJEURE

 

In the event of earthquake, typhoon, flood, fire, war, computer
virus, loophole in the design of tooling software, internet system encountering hacker’s invasion, change of policies or
laws, and other unforeseeable or unpreventable or unavoidable event of force majeure, which directly prevents a Party from performing
this Agreement or performing the same on the agreed condition, the Party encountering such a force majeure event shall forthwith
issue a notice by a facsimile and, within thirty (30) days, present the documents proving the details of such force majeure event
and the reasons for which this Agreement is unable to be performed or is required to be postponed in its performance, and such
proving documents shall be issued by the notaries office of the area where such force majeure event takes place. The Parties shall
consult each other and decide whether this Agreement shall be waived in part or postponed in its performance with regard to the
extent of impact of such force majeure event on the performance of this Agreement. No Party shall be liable to compensate for the
economic losses brought to the other Parties by the force majeure event.

 

ARTICLE 13 – TRANSFER

 

13.1 No Party shall assign any of its rights and/or obligations
hereunder to any parties other than the Parties hereof without the prior written consent from the other Parties.

 

13.2 As for transfer with the consent, this Agreement shall
be binding on the legal successors of the Parties.

 

    	 	12	 

     

    

 

ARTICLE 14 - SEVERABILITY

 

Each provision contained herein shall be severable and independent
from each of other provisions, and if at any time any one or more articles herein become invalid, illegal or unenforceable, the
validity, legality or enforceability of the remaining provisions herein shall not be affected as a result thereof.

 

ARTICLE 15 - AMENDMENT AND SUPPLEMENT

 

Any amendment or supplement to this Agreement shall be made
in writing and take effect as part of this Agreement when properly signed by the Parties, which shall have the same legal effect
as this Agreement.

 

ARTICLE 16 - TEXT

 

This Agreement shall be prepared in the Chinese language in
three (3) original copies, with each involved Party holding one (1) copy hereof. Each original copy has the same legal effect.

 

ARTICLE 17 - MISCELLANEOUS

 

17.1 The rights and obligations of each of Gansu QLS Subsidiaries
hereunder are independent and severable from each other, and the performance by any of Gansu QLS Subsidiaries of its obligations
hereunder shall not affect the performance by any other of Gansu QLS Subsidiaries of their obligations hereunder.

 

17.2 Any failure or delay by a Party in exercising any of its
rights, powers and remedies hereunder or in accordance with laws (the “PARTY’S RIGHTS”) shall not lead to a waiver
of such rights, and the waiver of any single or partial exercise of the Party’s Rights shall not preclude such Party from
exercising such rights in any other way and exercising the remaining part of the Party’s Rights.

 

    	 	13	 

     

    

 

17.3 The titles of the Articles contained herein shall be for
reference only, and in no circumstances shall such titles be used in or affect the interpretation of the provisions hereof.

 

[THE REMAINDER IS THE SIGNATURE PAGE]

 

    	 	14Exhibit 10.5

 

EQUITY PLEDGE AGREEMENT

 

ON

 

GANSU QILIANSHAN PHARMACEUTICAL CO., LTD.

 

 

 

AMONG

 

[Shareholder’s Name]

 

AND

 

CHENGDU QILIAN TRADING CO., LTD.

 

 

 

May 20, 2019

 

     

     

    

 

EQUITY PLEDGE AGREEMENT

 

This EQUITY PLEDGE AGREEMENT (hereinafter,
this "AGREEMENT") is entered into as of May 20, 2019 (“SIGNING
DATE”) in Jiuquan City, the People’s Republic
of China (“CHINA”
or “PRC”)
by and among the following Parties:

 

(1) [Shareholder’s Name] (“PARTY
A” or “PEDGOR”), a Chinese citizen,

IDENTITY CARD NUMBER:

 

(2) CHENGDU QILIAN TRADING CO., LTD.
(“CHENGDU QILIAN TRADING”), a wholly foreign-owned enterprise legally established and existing under the laws of PRC,

REGISTERED ADDRESS: 3rd Floor,
Building F-19, Qingyang Industrial Headquarters Base, No. 189 Tengfei Avenue, Qingyang District, Chengdu City, Sichuan Province.

 

(The above Parties hereinafter each referred
to as a "PARTY" individually, and collectively, the "PARTIES". )

 

WHEREAS: 

 

1. As of the execution date of this Agreement,
the Pledgor is the enrolled shareholder of Gansu QLS, legally holding [Number] shares.

 

2. Chengdu Qilian Trading and the Target
Company dated the Exclusive Service Agreement as of May 20, 2019; the Pledgors, Target Company and Chengdu Qilian Trading dated
the Call Option Agreement and Shareholders’ Voting Rights Proxy Agreement as of May 20, 2019;

 

3. As security for performance by the Pledgors
of the Contract Obligations (as defined below), the Pledgors agree to pledge all of their Target Company Equity to the Pledgees
and grant the Pledgees the right to request for repayment in first priority and the Target Company agree such equity pledge arrangement.

 

    	 	2	 

     

    

 

THEREFORE, the Parties hereby have reached
the following agreement upon mutual consultations:

 

ARTICLE 1 – DEFINITION

 

1.1 Except
as otherwise construed in the context, the following terms in this Agreement shall be interpreted to have the following meanings:

 

"TRANSACTION AGREEMENTS" shall
mean the Exclusive Service Agreement dated among the Pledgees and the Target Company as of May 20, 2019; the Call Option Agreement
and the Proxy Agreement dated among the Pledgors, the Target Company and the Pledgees; as well as other agreements dated among
the Pledgors, the Target Company and the Pledgees, for performance of the above-mentioned agreements.

 

"TARGET COMPANY" shall mean the
Leaping Media Group Co., Ltd. ("Gansu QLS"), a limited company legally established and existing under the law of PRC.
Registered Address: Jiuquan Economic and Technological Development Zone,Jiuquan City, Gansu Province, People’s Republic of
China.

 

"CONTRACT OBLIGATIONS" shall
mean all contractual obligations of the Pledgors and Target Company under the Transaction Agreements.

 

"DEBTORS" shall mean the debtors
under provisions of the Transaction Agreements, including the Pledgors and the Target Company.

 

"CREDITORS" shall mean the creditors
under provisions of the Transaction Agreements, including Chengdu Qilian Trading and its successors.

 

"PRINCIPLE CREDITOR’S RIGHTS"
shall mean the creditor’s rights owned by Creditors towards Debtors according to the Transaction Agreements.

 

"PLEADGED EQUITY" shall mean
the equity of Target Company held by each Pledgors, including the dividend, transfer and allotment of shares.

 

    	 	3	 

     

    

 

"BREACHING EVENT" shall mean
any breach by Pledgors and/or Target Company of their Contract Obligations under the Transaction Agreements.

 

"PRC LAW" shall mean the then
valid laws, administrative regulations, administrative rules, local regulations, judicial interpretations and other binding regulatory
documents of the People's Republic of China (excluding Hong Kong Special Administrative Region, Macao Special Administrative Region
and Taiwan Region).

 

1.2 The
references to any laws and regulations (the "LAWS") herein shall be deemed:

 

(1)       to
include the references to the amendments, changes, supplements and reenactments of such law, irrespective of whether they take
effect before or after the formation of this Agreement; and

 

(2)       to
include the references to other decisions, notices or regulations enacted in accordance therewith or effective as a result thereof.

 

1.3 Except
as otherwise stated in the context herein, all references to an Article, clause, item or paragraph shall refer to the relevant
part of this Agreement.

 

ARTICLE 2 - EQUITY PLEDGE

 

2.1 Each
Pledgor hereby agrees to pledge the Pledged Property, which they legally own and have the right to dispose of, to Pledgees according
to the provisions hereof as security for performance of the Contract Obligations and repayment of the guaranteed liabilities. The
Pledgees agree to accept such pledge.

 

    	 	4	 

     

    

 

2.2 Under the provisions of this Agreement,
the guaranteed liabilities and guaranteed scope of the equity pledge include:

 

(1) All the obligations under
the provisions of the Transaction Agreements, including but not limited to, all the principle and profit of the payable expenses
to the Creditors under the provisions of the Transaction Agreement, and the payable interest penalties, compound interests, liquidated
damages, compensations, as well as the expenses owed by the Debtors to the Creditors and the expenses to excise the Creditors rights
and encumbrance rights, due to Breaching Events of the Debtors; and

 

(2) All the expenses for the
exercise of the Debtors’ rights, including but not limited to litigation fees (or arbitration fees), lawyers’ fees,
assessment fees, auction fees and travelling expenses, etc.

 

2.3 The Pledgors hereby undertakes that
it will do its best to cooperate with the Pledgors to complete the registration with authorities of industry and commerce under
this Article. And it will be responsible for, recording the arrangement of the equity pledge hereunder on the shareholder register
of the Target Company as well as the capital contribution certificate within ten (10) days of execution of this Agreement. The
Pledgors and Target Company shall submit all the required documents and complete all the procedures under the PRC Law, in order
to secure that the Pledgees are registered as the only pledgees of the pledged equity.

 

2.4 During the valid term of this Agreement,
except for the willful misconduct or gross negligence of Pledgees, Pledgees shall not be liable in any way to, nor shall Pledgors
have any right to claim in any way or propose any demands on Pledgees, in respect of the reduction in value of the Pledged Property.

 

2.5 Only upon prior consent by Pledgees
shall Pledgors be able to increase their capital contribution to the Target Company. Further capital contribution made by Pledgor
(s) in the Target Company shall also be part of the Pledged Property. The Pledgors and Target company shall complete modification
of registration for the pledged equity as stipulated by Article 2.3.

 

2.6 During the term of pledge, Pledgees
are entitled to receive dividends or share profits, which shall be pledged together with the pledged property. The dividends or
share profits shall be used in priority to offset the expenses due to claiming such fructus.

 

    	 	5	 

     

    

 

2.7 Upon prior written notice to Pledgors,
the Pledgees may transfer their main principle creditor’s rights as well as other rights and interests under this Agreement,
without being required the consent of Pledgors. Pledgors shall do its best to cooperate with Pledgees or the transferees to complete
all the required approval or registration procedures.

 

ARTICLE 3 - TERM OF PLEDGE

 

3.1 The term of pledge shall terminate
as of the latest date of the following:

 

(1) the secured debts in the scope
of pledge is cleared off;

 

(2) Pledgees exercises its pledge
rights pursuant to provisions and conditions of this Agreement, in order to fully realize their principle creditor’s rights
and other rights related to the guaranteed liabilities; or

 

(3) Pledgors transfer all the
pledged equity to Pledgees according to the Call Option Agreement, or other entity or individual designated by it, no longer holding
equity of Target Company.

 

3.2 In respect of equity interest of Target
Company, upon full and complete performance by relevant Pledgors of all of their Contractual Obligations, Pledgees shall, at the
request of relevant Pledgors, release the pledge created on such Target Company under this Agreement, and shall cooperate with
relevant Pledgors to go through the formalities to cancel the record of the Equity Pledge in the shareholder register of the relevant
Target Company, with the reasonable fees incurred in connection with such release to be borne by Pledgees with the same proportion.

 

ARTICLE 4 - REALIZATION OF RIGHT OF PLEDGE

 

4.1 Under any of the following circumstances,
Pledgees are entitled to exercise their rights of pledge immediately:

 

    	 	6	 

     

    

 

(1) Debtors violate any provisions
of the Transaction Agreements or Pledgors violate any provisions of this Agreement;

 

(2) Pledgors or Debtors apply
(or applied) for bankruptcy, reorganization or reconciliation; or they are announced bankruptcy, reorganization or reconciliation,
or dismissed, canceled, withdrawn, closed, suspended, out of business, merged, divided or there are other changes or similar circumstances
concerning their structures.

 

(3) Other events detrimental to
Pledgees’ rights and interests happen to Pledgors or Debtors.

 

4.2 The
Pledgors, Target Company and Pledgees hereby agree that, in case of any Breaching Event, Pledgees shall give written notice to
Pledgors. Unless the Breaching Event has been rectified, Pledgees shall have the right to exercise all of the remedial rights and
powers enjoyable by them under PRC Law, including but not limited to selling off and auctioning all or part of the pledged equity,
publicly or privately.

 

4.3 The reasonable costs incurred by Pledgees
in connection with their exercise of any and all rights and powers set out above shall be borne by Pledgors, and Pledgees shall
have the right to deduct the costs actually incurred from the proceeds that they acquire from the exercise of the rights and powers.

 

4.4 The
proceeds that Pledgees acquire from the exercise of their respective rights and powers shall be used in the priority order as follows:

 

- First, to pay any cost incurred in connection
with the disposal of the Pledged Property and the exercise by Pledgees of their respective rights and powers (including remuneration
paid to their respective legal counsels and agents);

 

- Second, to pay any taxes and levies payable
for the disposal of the Pledged Property; and

 

-Third, to repay Pledgee for the Guaranteed
Liabilities.

 

    	 	7	 

     

    

 

In case of any balance after payment of
the above amounts, Pledgees shall return the same to Pledgors or other persons entitled thereto according to the relevant laws
and rules or submit the same to the local notary institution where Pledgees are domiciled (any fees incurred in relation thereto
shall be borne by Pledgors).

 

4.5 Pledgees
shall have the option to exercise, simultaneously or in certain sequence, any of the remedies at breaching that it is entitled
to in respect of the equity interest of any Target Company held by any Pledgor; Pledgors or Target Companies shall not oppose to
whether Pledgees exercise any part of the right to the pledge or the sequence of exercising the pledge interest.

 

ARTICLE 5 - FEES AND COSTS

 

All costs actually incurred in connection
with the establishment of the Equity Pledge hereunder, including but not limited to stamp duties, any other taxes, all legal fees,
etc shall be borne by Pledgees with the same proportion.

 

ARTICLE 6 - RESTIRCTION ON RIGHTS

 

During existence of the right of pledge,
unless with written consent of Pledgees, Pledgors shall not dispose of all or part of its pledged equity in any form (including
but not limited to, sale, transfer, donation, re-pledge, etc.)

 

ARTICLE 7 - REPRESENTATIONS AND WARRANTIES
BY PLEDGORS

 

Each of Pledgors hereby, in respect of
itself and Target Company in which it holds equity interest, represents and warrants to Pledgees as follows:

 

(1) Each shareholder is a legal
entity with full capacity of disposition and has obtained due authorization to execute, deliver and perform this Agreement and
can independently be a subject of actions; Target Company is a limited liability corporation duly incorporated and validly existing
under PRC Law, has independent status as a legal person, as well as full independent legal status and capacity to execute and deliver
this Agreement. It can independently be a subject of actions.

 

    	 	8	 

     

    

 

(2) Each shareholder and Target
Company have full right and authorization to execute and deliver this Agreement and other documents relating to the transaction.
They have full right and authorization to complete the transaction stipulated in this Agreement.

 

(3) This Agreement is legally
and properly executed by each shareholder and Target Company. This Agreement is binding on them legally and effectively. According
to provisions and conditions of this Agreement, this Agreement is enforceable on them.

 

(4) All certificates, documents
and information submitted to Pledgees by Pledgors for execution and performance of this Agreement are true, correct and sufficient,
with no concealment or fraudulence.

 

(5) Concerning the pledged equity,
Pledgors have full legal rights of ownership and disposition, as well as other rights and interests. There is no right of mortgage
or pledge, or other burden of rights concerning the pledged equity.

 

(6) The execution, delivery and
performance by Pledgors of this Agreement are not in violation of or conflict with any laws applicable to them, or any agreement
to which they are a party or which has binding effect on their assets.

 

(7) The pledged equity is not
sealed up, distrained or frozen or otherwise disposed for property preservation or performance, without any existing litigation,
arbitration or administrative procedure concerning it. In addition, no such event would take place after execution of this Agreement.

 

(8) During the term of pledge,
Pledgors shall exercise its right of allotment actively, and they are prohibited abandoning rights concerning dividend, transfer
and allotment of shares. They promise to pay the due consideration concerning allotment of equity, and warrant that they would
corporate with Pledgees to complete the aforesaid pledge procedure on increasing equity.

 

    	 	9	 

     

    

 

(9) Notwithstanding the pledge
under this Agreement, Pledgors and Target Company shall still comply with and perform all the obligations under the articles and/or
relevant laws and government branches’ approval.

 

(10) Pledgors would not take,
or agree on, any actions or measures which are likely to be of detrimental effect on Pledgors’ rights, interests or pledged
property.

 

ARTICLE 8 - NOTICE

 

8.1 Any
notice, request, demand and other correspondences made as required by or in accordance with this Agreement shall be made in writing
and delivered to the relevant Party.

 

8.2 The
above-mentioned notice or other correspondences shall be deemed to have been delivered when (i) it is transmitted if transmitted
by facsimile or telex, or (ii) it is delivered if delivered in person, or (iii) when five (5) days have elapsed after posting the
same if posted by mail.

 

ARTICLE 9 - DEFAULT LIABILITY

 

9.1 The
Parties agree and confirm that, if any of the Parties (the “DEFAULTING PARTY”) breaches substantially any of the provisions
herein or fails substantially to perform any of the obligations hereunder, such a breach or failure shall constitute a default
under this Agreement (a “DEFAULT”). In such event any of the other Parties without default (a “NON-DEFAULTING
PARTY”) who incurs losses arising from such a Default shall have the right to require the Defaulting Party to rectify such
Default or take remedial measures within a reasonable period. If the Defaulting Party fails to rectify such Default or take remedial
measures within such reasonable period or within ten (10) days of a Non-defaulting Party’s notifying the Defaulting Party
in writing and requiring it to rectify the Default, then the relevant Non-defaulting Party shall be entitled to choose at its discretion
to:

 

    	 	10	 

     

    

 

(1) terminate this Agreement and
require the Defaulting Party to indemnify all damages, or

 

(2) require specific performance
by the Defaulting Party of this Agreement and indemnification against all damages.

 

9.2 Without
limiting the generality of Article 8.1 above, any breach by any Shareholder of the Call Option Agreement or Equity Pledge Agreement
shall be deemed as having constituted the breach by such Shareholder of this Agreement; any breach by Target Company of the Exclusive
Service Agreement or Call Option Agreement shall be deemed as having constituted the breach by Target Company of this Agreement.

 

9.3 Notwithstanding
any other provisions herein, the validity of this Article shall not be affected by the suspension or termination of this Agreement.

 

ARTICLE 10 - GOVERNING LAW AND DISPUTE
RESOLUTION

 

10.1 The conclusion, validity, execution,
amendment, interpretation and termination of this Agreement shall be governed by laws of the PRC.

 

10.2 Any disputes arising from and in connection
with this Agreement shall be settled through consultations among the Parties involved, and if the Parties involved fail to reach
an agreement regarding such a dispute within thirty (30) days of its occurrence, such dispute shall be submitted to China International
Economic and Trade Arbitration Commission for arbitration in Beijing in accordance with the arbitration rules of such commission,
and the arbitration award shall be final and binding on all the Parties involved.

 

10.3 Unless otherwise awarded by the arbitration
court, the losing party should bear all the arbitration or prepaid expenses(including but not limited to arbitration expense, arbitrator
and lawyer’s fee, travelling expense, etc.).

 

    	 	11	 

     

    

 

ARTICLE 11 - FORCE MAJEURE

 

In the event of earthquake, typhoon, flood,
fire, war, computer virus, loophole in the design of tooling software, internet system encountering hacker’s invasion, change
of policies or laws, and other unforeseeable or unpreventable or unavoidable event of force majeure, which directly prevents a
Party from performing this Agreement or performing the same on the agreed condition, the Party encountering such a force majeure
event shall forthwith issue a notice by a facsimile and, within thirty (30) days, present the documents proving the details of
such force majeure event and the reasons for which this Agreement is unable to be performed or is required to be postponed in its
performance, and such proving documents shall be issued by the notaries office of the area where such force majeure event takes
place. The Parties shall consult each other and decide whether this Agreement shall be waived in part or postponed in its performance
with regard to the extent of impact of such force majeure event on the performance of this Agreement. No Party shall be liable
to compensate for the economic losses brought to the other Parties by the force majeure event.

 

ARTICLE 12 – TRANSFER

 

12.1 Any Shareholder shall not assign any
of its rights and/or obligations hereunder to any third parties without the prior written consent from Chengdu Qilian Trading,
and Chengdu Qilian Trading is entitled to transfer its rights and/or obligations to the third party designated by it after notifying
the Shareholders.

 

12.2 As for transfer with the consent,
this Agreement shall be binding on the legal successors of the Parties.

 

ARTICLE 13 - SEVERABILITY

 

Each provision contained herein shall be
severable and independent from each of other provisions, and if at any time any one or more articles herein become invalid, illegal
or unenforceable, the validity, legality or enforceability of the remaining provisions herein shall not be affected as a result
thereof.

 

    	 	12	 

     

    

 

ARTICLE 14 - AMENDMENT AND SUPPLEMENT

 

14.1 Any amendment or supplement to this
Agreement shall be made in writing and take effect as part of this Agreement when properly signed by the Parties, which shall have
the same legal effect as this Agreement.

 

14.2 Notwithstanding the preceding sentence,
considering that the rights and obligations of each of the Shareholders hereunder are independent and severable from each other,
in case the amendment or supplement to this Agreement is intended to have impact upon one of the Shareholders, such amendment or
supplement requires the approval of such Shareholder only and it is not required to obtain the approval from the other ones of
the Shareholders (to the extent the amendment or supplement do not have impact upon such other Shareholders).

 

ARTICLE 15 - TEXT

 

This Agreement shall be prepared in the
Chinese language in three (3) original copies, with each involved Party holding one (1) copy hereof. Each original copy has the
same legal effect.

 

ARTICLE 16 - MISCELLANEOUS

 

16.1 Any failure or delay by a Party in
exercising any of its rights, powers and remedies hereunder or in accordance with laws (the “PARTY’S RIGHTS”)
shall not lead to a waiver of such rights, and the waiver of any single or partial exercise of the Party’s Rights shall not
preclude such Party from exercising such rights in any other way and exercising the remaining part of the Party’s Rights.

 

16.2 The titles of the Articles contained
herein shall be for reference only, and in no circumstances shall such titles be used in or affect the interpretation of the provisions
hereof.

 

[THE REMAINDER IS THE SIGNATURE PAGE]

 

    	 	13

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