Document:

Exhibit 10.7

 

Voting Rights Proxy and Financial Supporting Agreement

 

This Voting Rights Proxy and Financial
Supporting Agreement (the “Agreement”) is made in Chongqing on ______, 2017 among the following parties:

 

	PartyA: —	(hereinafter "Entrusting Party ")
	ID No.: —	 

 

	Party B:	Chongqing Jinghuangtai Enterprise Management and Consulting Co., Ltd.
	Address: 	2-18-1,No.55 Chongqing Village, Yuzhong District, Chongqing, China
	 	 
	Party C:	Chongqing Penglin Food Co., Ltd.
	Address: 	No.128 Xinyuan Road,Zhenxi Town, Fuling District, Chongqing, China

  

(In this Agreement, each of Party A, Party
B and Party C shall be referred to as a "Party" respectively, and they shall be collectively referred to as the “Parties”.)

 

Whereas:

 

		1.	The Entrusting Party, the
shareholders of Party C, collectively own ___% of the equity interest in Party C in record.

 

		2.	The Entrusting Party is
willing to unconditionally entrust Party B or Party B’s designee to vote on his or her behalf at the shareholders’
meeting of Party C, and Party B is willing to accept such proxy on behalf of Entrusting Party.

 

    1
Voting Rights Proxy and Financial Supporting Agreement

     

    

 

Therefore, the Parties hereby agree as
follows:

  

ARTICLE 1 Proxy of Voting Rights

 

		1.1	Entrusting Party hereby
irrevocably covenants that, he/she shall execute the Power of Attorney (“POA”) set forth in Exhibit A upon signing
this Agreement and entrust Party B or Party B’s designee (“Designee”) to exercise all his or her rights as the
shareholders of Party C under the Articles of Association of Party C, including without limitation to:

 

		(1)	propose to hold a shareholders'
meeting in accordance with the Articles of Association of Party C and attend shareholders' meetings of Party C as the agent and
attorney of Entrusting Party;

 

	 	(2)	exercise all shareholder's voting rights with respect to all matters to be discussed and voted in the shareholders’ meeting of Party C, including but not limited to designate and appoint the director, the chief executive officer and other senior management members of Party C;

 

	 	(3)	exercise other voting rights the shareholders are entitled to under the laws of China promulgated from time to time; and

 

	 	(4)	exercise other voting rights the shareholders are entitled to under the Articles of Association of Party C amended from time to time;

 

Party B hereby agrees to accept
such proxy as set forth in Clause 1.1. Upon receipt of the written notice of change of Designee from Party B, the Entrusting Party
shall immediately entrust such person to exercise the rights set forth in Clause 1.1. Except the aforesaid situation, the proxy
shall be irrevocable and continuously valid.

 

		1.2	The Entrusting Party hereby
acknowledges and ratify all the actions associated with the proxy conducted by the Designee.

 

		1.3	The Parties hereby confirm
that, Designee is entitled to exercise all proxy rights without the consent of Entrusting Party.

 

ARTICLE 2 Rights to Information

 

		2.1	For the purpose of this
Agreement, the Designee is entitled to request relevant information of Party C and inspect the materials of Party C. Party C shall
provide appropriate assistance to the Designee for his/her work.

 

		2.2	The Entrusting Party and
Party C shall immediately inform Party B once the proxy matter happens.

 

    2
Voting Rights Proxy and Financial Supporting Agreement

     

    

 

ARTICLE 3 Performance of Proxy Rights

 

		3.1	The Entrusting Party shall
provide appropriate assistance to the Designee for the performance of proxy rights provided in this Agreement, including signing
and executing the shareholders’ resolution and other relevant legal documents (if applicable) which have been confirmed
by the Designee.

 

		3.2	In the event that one or
several of the provisions of this Agreement are found to be invalid, illegal or unenforceable in any aspect in accordance with
any laws or regulations, the validity, legality or enforceability of the remaining provisions of this Agreement shall not be affected
or compromised in any aspect. The Parties shall strive in good faith to replace such invalid, illegal or unenforceable provisions
with effective provisions that accomplish to the greatest extent permitted by law and the intentions of the Parties, and the economic
effect of such effective provisions shall be as close as possible to the economic effect of those invalid, illegal or unenforceable
provisions.

 

ARTICLE 4 Financial Supporting 

 

In consideration of the foregoing
grant of voting rights by the Entrusting Party, Party B agrees to arrange for funds to be provided as necessary to Party C in connection
with the business (the “Financial Support”). Party B further agrees that should the business fails in the ordinary
course of business, and as a result Party C is unable to repay the Financial Support, the Party C shall have no repayment obligation.

  

ARTICLE 5 Representations and Warranties

 

		5.1	The Entrusting Party hereby
represents and warrants to Party B as follows:

 

		5.1.1	The Entrusting Party
has full power and legal right to enter into this Agreement and perform his or her obligations under this Agreement and in executing
the POA; This Agreement and the POA constitute legal, valid, binding and enforceable obligation of each Entrusting Party.

 

	 	5.1.2	Each Entrusting Party has necessary authorization for the execution and delivery of this Agreement, and the execution, delivery and performance of this Agreement will not conflict with or violate any and all constitutional documents of Party C.

 

		5.1.3	Each Entrusting Party
is the lawfully registered and beneficial owner of the shares of Party C, and none of the shares held by the Entrusting Party
is subject to any encumbrance or other restrictions, except as otherwise provided under the Equity Pledge Agreement and Equity
Option Agreement entered into by and between Party B, Party C and the Entrusting Party. According to this Agreement, the Designee
has full power and legal rights to exercise the proxy rights according to the Articles of Association of Party C.

 

    3
Voting Rights Proxy and Financial Supporting Agreement

     

    

 

		5.2	Party C hereby represents
and warrants as follows:

 

		5.2.1	Party C is a company
legally registered and validly existing in accordance with the laws of China and has independent legal person status, and has
full and independent civil and legal capacity to execute, deliver and perform this Agreement. It can sue and be sued as a separate
entity;

 

		5.2.2	Party C has taken all
necessary corporate actions, obtained all necessary authorization and the consent and approval from third parties and government
agencies (if any) for the execution and performance of this Agreement. Party C’s execution and performance of this Agreement
do not violate any explicit requirements under any law or regulation binding on Party C.

 

		5.2.3	Each Entrusting Party
is the lawfully registered and beneficial owner of the shares of Party C, and none of the shares held by the Entrusting Party
is subject to any encumbrance or other restrictions, except as otherwise provided under the Equity Pledge Agreement and Equity
Option Agreement entered into by and between Party B, Party C and the Entrusting Party. According to this Agreement, the Designee
has full power and legal rights to exercise the proxy rights according to the Articles of Association of Party C.

 

ARTICLE 6 Term of this Agreement

 

		6.1	This Agreement shall become
effective upon the date hereof with a term of thirty (30) years. The Parties agree that, this Agreement can be extended only if
Party B gives its written consent of the extension of this Agreement before the expiration of this Agreement and the other Parties
shall agree with this extension without reserve.

 

		6.2	If the Entrusting Party
has transferred all his or her equity interests in Party C subject to the prior consent of Party B, the obligations and warranties
under this Agreement of the Entrusting Party shall be undertaken by the assignee.

 

ARTICLE 7 Notices

 

		7.1	All notices and other communications
required or permitted to be given pursuant to this Agreement shall be delivered in written.

 

		7.2	Notices given by personal
delivery, by courier service or by registered mail, postage prepaid, shall be deemed effectively given on the date of acceptance
or refusal at the address specified for notices. Notices given by facsimile transmission shall be deemed effectively given on
the date of successful transmission (as evidenced by an automatically generated confirmation of transmission).

 

    4
Voting Rights Proxy and Financial Supporting Agreement

     

    

 

ARTICLE 8 Confidentiality 

 

		8.1	The Parties acknowledge
that the existence and the terms of this Agreement and any oral or written information exchanged between the Parties in connection
with the preparation and performance this Agreement are regarded as confidential information. Each Party shall maintain confidentiality
of all such confidential information, and without obtaining the written consent of the other Party, it shall not disclose any
relevant confidential information to any third parties, except for the information that: (a) is or will be in the public domain
(other than through the receiving Party’s unauthorized disclosure); (b) is under the obligation to be disclosed pursuant
to the applicable laws or regulations, rules of any stock exchange, or orders of the court or other government authorities; or
(c) is required to be disclosed by any Party to its shareholders, investors, legal counsels or financial advisors regarding the
transaction contemplated hereunder, provided that such shareholders, investors, legal counsels or financial advisors shall be
bound by the confidentiality obligations similar to those set forth in this Section. Disclosure of any confidential information
by the staff members or agencies hired by any Party shall be deemed disclosure of such confidential information by such Party,
which Party shall be held liable for breach of this Agreement. This Section shall survive the termination of this Agreement for
any reason.

 

ARTICLE 9 Liability for Breach of Agreement

 

		9.1	The Parties agree and confirm
that, if either Party is in breach of any provisions herein or fails to perform its obligations hereunder, such breach or failure
shall constitute a default under this Agreement, which shall entitle the non-defaulting Party to request the defaulting Party
to rectify or remedy such default with a reasonable period of time. If the defaulting Party fails to rectify or remedy such default
within the reasonable period of time or within 10 days of non-defaulting Party’s written notice requesting for such rectification
or remedy, then the non-defaulting Party shall be entitled to elect the following remedial actions:

 

		9.1.1	If the defaulting Party
is any Entrusting Party or Party C, then Party B has the right to terminate this Agreement and request the defaulting Party to
fully compensate its losses and damages;

 

		9.1.2	If the defaulting Party
is Party B, then the non-defaulting Party has the right to request the defaulting Party to fully compensate its losses and damages,
but in no circumstance shall the non-defaulting Party early terminate this Agreement unless the applicable law provides otherwise.

 

		9.2	Notwithstanding otherwise
provided under this Agreement, the validity of this Section shall not be affect by the suspension or termination of this Agreement.

 

    5
Voting Rights Proxy and Financial Supporting Agreement

     

    

 

ARTICLE 10 Miscellaneous

 

		10.1	This Agreement shall be
signed in Chinese and English language bearing the same legal effect. In the event of any inconsistency between the Chinese and
English language, the Chinese version of this Agreement shall prevail. This Agreement shall have three counterparts, with each
party holding one original. All counterparts shall be given the same legal effect.

 

		10.2	The execution, effectiveness,
interpretation, performance, amendment, termination and dispute resolution shall be governed by the law of the People’s
Republic of China.

 

		10.3	In the event of any dispute
with respect to this Agreement, the Parties shall first resolve the dispute through friendly negotiations. In the event the Parties
fail to reach an agreement on the dispute, either Party may submit the relevant dispute to the Southwest Commission of China International
Economic and Trade Arbitration Commission for arbitration, in accordance with its Arbitration Rules. The arbitration shall be
conducted in Chongqing. The arbitration award shall be final and binding on all Parties.

 

		10.4	The rights and remedies
provided for in this Agreement shall be accumulative and shall not affect any other rights and remedies stipulated at law.

 

		10.5	Any Party may waive the
terms and conditions of this Agreement, provided that such a waiver must be provided in writing and shall require the signatures
of the Parties. No waiver by any Party in certain circumstances with respect to a breach by other Parties shall operate as a waiver
by such a Party with respect to any similar breach in other circumstances.

 

		10.6	The headings of this Agreement
are for convenience only, and shall not be used to interpret, explain or otherwise affect the meanings of the provisions of this
Agreement.

 

		10.7	Any amendment, change and
supplement to this Agreement shall require the execution of a written agreement by all of the Parties.

 

		10.8	Without Party B's prior
written consent, other Parties shall not assign its rights and obligations under this Agreement to any third party. Entrusting
Party and Party C agrees that Party B may assign its obligations and rights under this Agreement to any third party upon a prior
written notice to Entrusting Party and Party C.

 

		10.9	This Agreement shall be
binding on the legal successors of the Parties.

 

    6
Voting Rights Proxy and Financial Supporting Agreement

     

    

 

[THE SIGNATURE PAGE]

 

IN WITNESS WHEREOF, the Parties have caused
their authorized representatives to execute this Agreement as of the date first above written.

 

	Party A:	—
	 	 
	By:	 	 
	 	 
	Party B:	Chongqing Jinghuangtai Enterprise Management and Consulting Co., Ltd.
	 	 
	By:	 	 
	Name:	 
	Title: 	 
	 	 
	Party C:	Chongqing Penglin Food Co., Ltd.
	 	 
	By:	 	 
	Name:	 
	Title:	 

 

    7
Voting Rights Proxy and Financial Supporting Agreement

     

    

 

Exhibit A

 

Power of Attorney 

 

I,
—, a Chinese citizen with Chinese Identification Card No.: —, and a holder of ___% of the entire registered capital
in Chongqing Penglin Food Co., Ltd. ("My Shareholding"), hereby irrevocably authorize Chongqing Jinghuangtai Enterprise
Management and Consulting Co., Ltd. (“Designee”) to exercise the following rights relating to My Shareholding during
the term of this Power of Attorney:

 

The
Designee is hereby authorized to act on behalf of myself as my exclusive agent and attorney with respect to all matters concerning
My Shareholding, including without limitation to: 1) attend shareholders' meetings of Chongqing Penglin Food Co., Ltd.; 2) exercise
all the shareholder's rights and shareholder's voting rights I am entitled to under the laws of China and Articles of Association
of Chongqing Penglin Food Co., Ltd., including but not limited to the sale or transfer or pledge or disposition of My Shareholding
in part or in whole; and 3) designate and appoint on behalf of myself the legal representative (chairperson), the director, the
supervisor, the chief executive officer and other senior management members of Chongqing Penglin Food Co., Ltd..

 

Without limiting
the generality of the powers granted hereunder, the Designee shall have the power and authority under this Power of Attorney to
execute the Transfer Contracts stipulated in Share Disposal Agreement, to which I am required to be a party, on behalf of myself,
and to effect the terms of the Equity Pledge Agreement and Equity Option Agreement, both dated the date hereof, to which I am
a party.

 

All the actions associated
with My Shareholding conducted by the Designee shall be deemed as my own actions, and all the documents related to My Shareholding
executed by the Designee shall be deemed to be executed by me. I hereby acknowledge and ratify those actions and/or documents by
the Designee.

 

Unless Chongqing Jinghuangtai
Enterprise Management and Consulting Co., Ltd. issues an instruction to me to change the Designee, this Power of Attorney is coupled
with an interest and shall be irrevocable and continuously valid from the date of execution of this Power of Attorney, so long
as I am a shareholder of Chongqing Penglin Food Co., Ltd..

 

During the term of this
Power of Attorney, I hereby waive all the rights associated with My Shareholding, which have been authorized to the Designee through
this Power of Attorney, and shall not exercise such rights by myself.

 

This
Power of Attorney is written in Chinese and English; in case there is any conflict between the Chinese version and the English
version, the Chinese version shall prevail.

 

	 	 
	 	 
	 	 
	 	By:	 
	 	Name:  	 
	 	______, 2017
	 	 

 

	 	 	 
	Witness:  	 	 
	Name: 	 	 
	______, 2017	 

 

    8
Voting Rights Proxy and Financial Supporting AgreementExhibit 10.8

 

Equity Option Agreement

 

This Equity Option
Agreement (this “Agreement”) is executed by and among the following Parties as of ______, 2017 in Chongqing, the People’s
Republic of China (“China” or the “PRC”):

 

	Party A:  	Chongqing Jinghuangtai Enterprise Management and Consulting Co., Ltd.
	Address:  	2-18-1, No.55 Chongqing Village, Yuzhong District, Chongqing, China

 

	Party B:	—

 

	Chinese Identification Card No.:	—

 

	Party C:  	Chongqing Penglin Food Co., Ltd.
	Address:  	No.128 Xinyuan Road, Zhenxi Town, Fuling District, Chongqing, China

 

In this Agreement,
each of Party A, Party B and Party C shall be referred to as a "Party" respectively, and they shall be collectively
referred to as the “Parties”.

 

Whereas: Party B holds
___% of the equity interest in Party C. Party A and Party C have executed a Consultation and Service Agreement, Business Cooperation
Agreement and other control agreements (the “Control Agreements”).

  

Now therefore, upon
mutual discussion and negotiation, the Parties have reached the following agreement:

 

		1.	Sale and Purchase of
Equity Interest

 

		1.1	Option Granted

 

In consideration of the payment
of RMB 1 by Party A, the receipt and adequacy of which is hereby acknowledged by Party B, Party B hereby irrevocably agrees that,
on the condition that it is permitted by the PRC laws, Party A has the right to require Party B to fulfill and complete all approval
and registration procedures required under PRC laws for Party A to purchase, or designate one or more persons (each, a "Designee")
to purchase, Party B’s equity interests in Party C, once or at multiple times at any time in part or in whole at Party A's
sole and absolute discretion and at the price described in Section 1.3 herein (such right being the "Equity Interest Purchase
Option"). Party A’s Equity Interest Purchase Option shall be exclusive. Except for Party A and the Designee(s), no other
person shall be entitled to the Equity Interest Purchase Option or other rights with respect to the equity interests of Party B.
Party C hereby agrees to the grant by Party B of the Equity Interest Purchase Option to Party A. The term "person" as
used herein shall refer to individuals, corporations, partnerships, partners, enterprises, trusts or non-corporate organizations.

 

    1
Equity Option Agreement

     

    

 

	 	1.2	Steps for Exercise of Equity Interest Purchase Option

 

Subject to the provisions of
the laws and regulations of China, Party A may exercise the Equity Interest Purchase Option by issuing a written notice to Party
B (the "Equity Interest Purchase Option Notice"), specifying: (a) Party A's decision to exercise the Equity Interest
Purchase Option; (b) the portion of equity interests to be purchased from Party B (the "Optioned Interests"); and (c)
the date for purchasing the Optioned Interests and/or the date for transfer of the Optioned Interests.

 

	 	1.3	Equity Interest Purchase Price

 

The
purchase price of the Optioned Interests (the "Base Price") shall be shall be the lowest price allowed by the laws of
China. If appraisal is required by the laws of China at the time when Party A exercises the Equity Interest Purchase Option, the
Parties shall negotiate in good faith and based on the appraisal result make necessary adjustment to the Equity Interest Purchase
Price so that it complies with any and all then applicable laws of China (collectively, the "Equity Interest Purchase Price").
When the price is higher than the registered capital of Party C, calculated pro rata for purchase of less than all of the Equity
Interest, the excessive part of the price shall be returned to Party A or its designee in a manner as instructed by Party A.

 

		1.4	Transfer of Optioned
Interests

 

For each exercise of the Equity
Interest Purchase Option:

 

		1.4.1	Party B shall cause Party
C to promptly convene a shareholders’ meeting, at which a resolution shall be adopted approving Party B's transfer of the
Optioned Interests to Party A and/or the Designee(s);

 

	 	1.4.2	Party B shall obtain written statements from the other shareholders of Party C giving consent to the transfer of the equity interest to Party A and/or the Designee(s) and waiving any right of first refusal related thereto.

 

	 	1.4.3	Party B shall execute a share transfer contract with respect to each transfer with Party A and/or each Designee (whichever is applicable), in accordance with the provisions of this Agreement and the Equity Interest Purchase Option Notice regarding the Optioned Interests;

 

	 	1.4.4	The relevant Parties shall execute all other necessary contracts, agreements or documents, obtain all necessary government licenses and permits and take all necessary actions to transfer valid ownership of the Optioned Interests to Party A and/or the Designee(s), unencumbered by any security interests, and cause Party A and/or the Designee(s) to become the registered owner(s) of the Optioned Interests. For the purpose of this Section and this Agreement, "security interests" shall include securities, mortgages, third party's rights or interests, any stock options, acquisition right, right of first refusal, right to offset, ownership retention or other security arrangements, but shall be deemed to exclude any security interest created by this Agreement and Party B's Equity Pledge Agreement. "Party B's Equity Pledge Agreement" as used in this Section and this Agreement shall refer to the Equity Pledge Agreement ("Party B's Equity Pledge Agreement") executed by and among Party A, Party B and Party C as of the date hereof, whereby Party B pledges all of its equity interests in Party C to Party A, in order to guarantee Party C's performance of its obligations under the Control Agreements executed by and between Party C and Party A.

 

    2
Equity Option Agreement

     

    

 

		2.	Covenants

 

		2.1	Covenants regarding
Party C

 

Party B (as the shareholders
of Party C) and Party C hereby covenant as follows:

 

	 	2.1.1	Without the prior written consent of Party A, they shall not in any manner supplement, change or amend the articles of association and bylaws of Party C, increase or decrease its registered capital, or change its structure of registered capital in other manners;

 

	 	2.1.2	They shall maintain Party C's corporate existence in accordance with good financial and business standards and practices by prudently and effectively operating its business and handling its affairs;

 

	 	2.1.3	Without the prior written consent of Party A, they shall not at any time following the date hereof, sell, transfer, mortgage or dispose of in any manner any assets of Party C or legal or beneficial interest in the business or revenues of Party C, or allow the encumbrance thereon of any security interest;

 

		2.1.4	Without the prior written
consent of Party A, they shall not incur, inherit, guarantee or suffer the existence of any debt, except for (i) debts incurred
in the ordinary course of business other than through loans; and (ii) debts disclosed to Party A for which Party A's written consent
has been obtained;

 

		2.1.5	They shall always operate
all of Party C's businesses during the ordinary course of business to maintain the asset value of Party C and refrain from any
action/omission that may affect Party C's operating status and asset value;

 

		2.1.6	Without the prior written
consent of Party A, they shall not cause Party C to execute any major contract, except the contracts in the ordinary course of
business (for purpose of this subsection, a contract with a price exceeding RMB 100,000 shall be deemed a major contract);

 

		2.1.7	Without the prior written
consent of Party A, they shall not cause Party C to provide any person with any loan or credit;

 

		2.1.8	They shall provide Party
A with information on Party C's business operations and financial condition at Party A's request;

 

		2.1.9	If requested by Party
A, they shall procure and maintain insurance in respect of Party C's assets and business from an insurance carrier acceptable
to Party A, at an amount and type of coverage typical for companies that operate similar businesses;

 

		2.1.10	Without the prior written
consent of Party A, they shall not cause or permit Party C to merge, consolidate with, acquire or invest in any person;

 

		2.1.11	They shall immediately
notify Party A of the occurrence or possible occurrence of any litigation, arbitration or administrative proceedings relating
to Party C's assets, business or revenue;

 

    3
Equity Option Agreement

     

    

 

		2.1.12	To maintain the ownership
by Party C of all of its assets, they shall execute all necessary or appropriate documents, take all necessary or appropriate
actions and file all necessary or appropriate complaints or raise necessary and appropriate defenses against all claims;

 

		2.1.13	Without the prior written
consent of Party A, they shall ensure that Party C shall not in any manner distribute dividends to its shareholders, provided
that upon Party A's written request, Party C shall immediately distribute all distributable profits to its shareholders; and

 

		2.1.14	At the request of Party
A, they shall appoint any persons designated by Party A as directors of Party C; without the prior written consent of Party A,
they shall not replace the directors of Party C.

 

		2.2	Covenants of Party B

 

Party B hereby covenants
as follows:

 

		2.2.1	Without the prior written
consent of Party A, Party B shall not sell, transfer, mortgage or dispose of in any other manner any legal or beneficial interest
in the equity interests in Party C held by Party B, or allow the encumbrance thereon of any security interest, except for the
pledge placed on these equity interests in accordance with Party B's Equity Pledge Agreement;

 

		2.2.2	Party B shall cause
the shareholders' meeting and/or the board of directors of Party C not to approve the sale, transfer, mortgage or disposition
in any other manner of any legal or beneficial interest in the equity interests in Party C held by Party B, or allow the encumbrance
thereon of any security interest, without the prior written consent of Party A, except for the pledge placed on these equity interests
in accordance with Party B's Equity Pledge Agreement;

 

		2.2.3	Party B shall cause
the shareholders' meeting or the board of directors of Party C not to approve the merger or consolidation with any person, or
the acquisition of or investment in any person, without the prior written consent of Party A;

 

		2.2.4	Party B shall immediately
notify Party A of the occurrence or possible occurrence of any litigation, arbitration or administrative proceedings relating
to the equity interests in Party C held by Party B;

 

		2.2.5	Party B shall cause
the shareholders' meeting or the board of directors of Party C to vote their approval of the transfer of the Optioned Interests
as set forth in this Agreement and to take any and all other actions that may be requested by Party A;

 

		2.2.6	To the extent necessary
to maintain Party B's ownership in Party C, Party B shall execute all necessary or appropriate documents, take all necessary or
appropriate actions and file all necessary or appropriate complaints or raise necessary and appropriate defenses against all claims;

 

		2.2.7	Party B shall appoint
any designee of Party A as director and/or executive director of Party C, at the request of Party A; without the prior written
consent of Party A, they shall not replace the directors of Party C;

 

		2.2.8	Party B shall issue
such power of attorney as Party A may request from time to time, to authorize Party A and/or the individual designated by Party
A to exercise Party B’s voting rights as a shareholder in Party C.

 

    4
Equity Option Agreement

     

    

 

		2.2.9	At the request of Party
A at any time, Party B shall promptly and unconditionally transfer its equity interests in Party C to Party A's Designee(s) in
accordance with the Equity Interest Purchase Option under this Agreement, and Party B hereby waives its right of first refusal
to the respective share transfer by the other existing shareholder of Party C (if any); and

 

		2.2.10	Party B shall strictly
abide by the provisions of this Agreement and other contracts jointly or separately executed by and among Party B, Party C and
Party A, perform the obligations hereunder and thereunder, and refrain from any action/omission that may affect the effectiveness
and enforceability thereof. If Party B retains any additional rights other than those rights provided for under this Agreement,
Party B's Equity Pledge Agreement and the powers of attorney issued to Party A and/or the individual designated by Party A, Party
B shall not exercise such rights without Party A’s written direction.

 

		3.	Representations and
Warranties

 

Party B and Party C hereby represent
and warrant to Party A, jointly and severally, as of the date of this Agreement that:

 

		3.1	They have the authority
to execute and deliver this Agreement and any share transfer contracts to which they are parties concerning the Optioned Interests
to be transferred thereunder (each, a "Transfer Contract"), and to perform their obligations under this Agreement and
any Transfer Contracts. Party B and Party C agree to enter into Transfer Contracts consistent with the terms of this Agreement
upon Party A’s exercise of the Equity Interest Purchase Option. This Agreement and the Transfer Contracts to which they
are parties constitute or will constitute their legal, valid and binding obligations and shall be enforceable against them in
accordance with the provisions thereof;

 

		3.2	The execution and delivery
of this Agreement or any Transfer Contracts and the obligations under this Agreement or any Transfer Contracts shall not: (i)
cause any violation of any applicable laws of China; (ii) be inconsistent with the articles of association, bylaws or other organizational
documents of Party C; (iii) cause the violation of any contracts or instruments to which they are a party or which are binding
on them, or constitute any breach under any contracts or instruments to which they are a party or which are binding on them; (iv)
cause any violation of any condition for the grant and/or continued effectiveness of any licenses or permits issued to either
of them; or (v) cause the suspension or revocation of or imposition of additional conditions to any licenses or permits issued
to either of them;

 

		3.3	Party B has a good and
merchantable title to the equity interests in Party C he holds. Except for Party B's Equity Pledge Agreement, Party B has not
placed any security interest on such equity interests;

 

		3.4	Party C has a good and
merchantable title to all of its assets, and has not placed any security interest on the aforementioned assets;

 

		3.5	Party C does not have
any outstanding debts, except for (i) debt incurred in the ordinary course of business; and (ii) debts disclosed to Party A for
which Party A's written consent has been obtained.

 

		3.6	Party C has complied
with all laws and regulations of China applicable to equity or asset acquisitions; and

 

		3.7	There are no pending
or threatened litigation, arbitration or administrative proceedings relating to the equity interests in Party C, assets of Party
C or Party C.

 

    5
Equity Option Agreement

     

    

		4.	Effective Date

 

This
Agreement shall become effective upon the date hereof, and remain effective until all the equity interest owned by Party B in
Party C has been legally transferred to Party A or the Designee(s) in accordance with this Agreement.

 

		5.	Governing Law and Resolution
of Disputes

 

		5.1	Governing law

 

The execution, effectiveness,
construction, performance, amendment and termination of this Agreement and the resolution of disputes hereunder shall be governed
by the formally published and publicly available laws of China. Matters not covered by formally published and publicly available
laws of China shall be governed by international legal principles and practices.

 

		5.2	Methods of Resolution
of Disputes

 

In the event of any dispute
with respect to the construction and performance of this Agreement, the Parties shall first resolve the dispute through friendly
negotiations. In the event the Parties fail to reach an agreement on the dispute within 30 days after either Party's request to
the other Parties for resolution of the dispute through negotiations, either Party may submit the relevant dispute to the Southwest
Commission of China International Economic and Trade Arbitration Commission for arbitration, in accordance with its Arbitration
Rules. The arbitration shall be conducted in Chongqing, and the language used in arbitration shall be Chinese. The arbitration
award shall be final and binding on all Parties.

 

		6.	Taxes and Fees

 

Each
Party shall pay any and all transfer and registration tax, expenses and fees incurred thereby or levied thereon in accordance
with the laws of China in connection with the preparation and execution of this Agreement and the Transfer Contracts, as well
as the consummation of the transactions contemplated under this Agreement and the Transfer Contracts.

 

		7.	Notices

 

		7.1	All notices and other
communications required or permitted to be given pursuant to this Agreement shall be delivered personally or sent by registered
mail, postage prepaid, by a commercial courier service to the address of such Party set forth below. A confirmation copy of each
notice shall also be sent by email. The dates on which notices shall be deemed to have been effectively given shall be determined
as follows:

 

		7.1.1	Notices given by personal
delivery, by courier service or by registered mail, postage prepaid, shall be deemed effectively given on the date of acceptance
or refusal at the address specified for notices.

 

    6
Equity Option Agreement

     

    

 

		7.2	For the purpose of notices,
the addresses of the Parties are as follows:

 

	 	Party A:	Chongqing Jinghuangtai Enterprise Management and Consulting Co., Ltd.
	 	Address:	2-18-1,No.55 Chongqing Village, Yuzhong District, Chongqing, China
	 	Attn:	Zeshu Dai
	 	Phone:	13618258422

 

	 	Party B:  	—
	 	Address:	—
	 	Phone:	—
	 	 	 
	 	Party C:	Chongqing Penglin Food Co., Ltd.
	 	Address:	No.128 Xinyuan Road, Zhenxi Town, Fuling District, Chongqing, China
	 	Attn:	Zeshu Dai
	 	Phone:	13618258422

 

	 	7.3	If any Party change its address for notices or its contact person, a notice shall be delivered to the other Party in accordance with the terms hereof.

 

		8.	Confidentiality

 

The
Parties acknowledge that the existence and the terms of this Agreement and any oral or written information exchanged between the
Parties in connection with the preparation and performance this Agreement are regarded as confidential information. Each Party
shall maintain confidentiality of all such confidential information, and without obtaining the written consent of the other Party,
it shall not disclose any relevant confidential information to any third parties, except for the information that: (a) is or will
be in the public domain (other than through the receiving Party’s unauthorized disclosure); (b) is under the obligation
to be disclosed pursuant to the applicable laws or regulations, rules of any stock exchange, or orders of the court or other government
authorities; or (c) is required to be disclosed by any Party to its shareholders, investors, legal counsels or financial advisors
regarding the transaction contemplated hereunder, provided that such shareholders, investors, legal counsels or financial advisors
shall be bound by the confidentiality obligations similar to those set forth in this Section. Disclosure of any confidential information
by the staff members or agencies hired by any Party shall be deemed disclosure of such confidential information by such Party,
which Party shall be held liable for breach of this Agreement. This Section shall survive the termination of this Agreement for
any reason.

 

		9.	Further Warranties

 

The Parties agree to promptly
execute documents that are reasonably required for or are conducive to the implementation of the provisions and purposes of this
Agreement and take further actions that are reasonably required for or are conducive to the implementation of the provisions and
purposes of this Agreement.

 

    7
Equity Option Agreement

     

    

 

		10.	Miscellaneous

 

		10.1	Amendment, change and
supplement

 

Any amendment, change and supplement
to this Agreement shall require the execution of a written agreement by all of the Parties.

  

	 	10.2	Entire agreement

 

Except for the amendments, supplements
or changes in writing executed after the execution of this Agreement, this Agreement shall constitute the entire agreement reached
by and among the Parties hereto with respect to the subject matter hereof, and shall supercede all prior oral and written consultations,
representations and contracts reached with respect to the subject matter of this Agreement.

 

	 	10.3	Headings

 

The headings of this Agreement
are for convenience only, and shall not be used to interpret, explain or otherwise affect the meanings of the provisions of this
Agreement.

 

	 	10.4	Language

 

This Agreement is written in
both Chinese and English language in three copies, each Party having one copy with equal legal validity; in case there is any conflict
between the Chinese version and the English version, the Chinese version shall prevail.

 

	 	10.5	Severability

 

In the event that one or several
of the provisions of this Agreement are found to be invalid, illegal or unenforceable in any aspect in accordance with any laws
or regulations, the validity, legality or enforceability of the remaining provisions of this Agreement shall not be affected or
compromised in any respect. The Parties shall strive in good faith to replace such invalid, illegal or unenforceable provisions
with effective provisions that accomplish to the greatest extent permitted by law and the intentions of the Parties, and the economic
effect of such effective provisions shall be as close as possible to the economic effect of those invalid, illegal or unenforceable
provisions.

 

	 	10.6	Successors

 

This Agreement shall be binding
on and shall inure to the interest of the respective successors of the Parties and the permitted assigns of such Parties.

 

	 	10.7	Waivers

 

Any Party may waive the terms
and conditions of this Agreement, provided that such a waiver must be provided in writing and shall require the signatures of the
Parties. No waiver by any Party in certain circumstances with respect to a breach by other Parties shall operate as a waiver by
such a Party with respect to any similar breach in other circumstances.

 

    8
Equity Option Agreement

     

    

 

	 	10.8	Survival

 

		10.8.1	Any obligations that
occur or that are due as a result of this Agreement upon the expiration or early termination of this Agreement shall survive the
expiration or early termination thereof.

 

	 	10.8.2	The provisions of Sections 5, 7, 8 and this Section 10.8 shall survive the termination of this Agreement.

 

	 	10.9	Indemnification

 

	 	10.9.1	The Parties agree and confirm that, if any Party (the “Defaulting Party”) is in material breach of any provisions herein or fails to perform any obligations hereunder in any material respect, such breach or failure shall constitute a default under this Agreement (the “Default”), which shall entitle non-defaulting Party to request Defaulting Party to rectify or remedy such Default with a reasonable period of time. If the Defaulting Party fails to rectify or remedy such Default within the reasonable period of time or within 10 days of non-defaulting Party’s written notice requesting for such rectification or remedy, the non-defaulting Party shall be entitled to elect any one of the following remedial actions: (a) to terminate this Agreement and request the Defaulting Party to fully compensate its losses and damages; (b) to request the specific performance by the Defaulting Party of its obligations hereunder and request the Defaulting Party to fully compensate non-defaulting Party’s losses and damages; or (c) to enforce the pledge under the Party B’s Equity Pledge Agreement by selling, auctioning or exchanging the pledged equity thereunder and receive payment in priority from the proceeds derived therefrom, and in the meantime, request the Defaulting Party to fully compensate non-defaulting Party for any losses as a result thereof.

 

	 	10.9.2	The rights and remedies provided for in this Agreement shall be accumulative and shall not affect any other rights and remedies stipulated at law.

 

    9
Equity Option Agreement

     

    

 

[THE SIGNATURE PAGE]

 

IN WITNESS WHEREOF,
the Parties have caused their authorized representatives to execute this Equity Option Agreement as of the date first above written.

 

	Party A:	Chongqing Jinghuangtai Enterprise Management and Consulting Co., Ltd.
	 	 
	
        By:

        
	 	 
	Name:	 
	Title:	 
	 	 
	Party B:  	—
	 	 
	By:	 	 
	 	 
	Party C:	Chongqing Penglin Food Co., Ltd.
	 	 
	By:	 	 
	Name:	 
	Title:	 

 

    10
Equity Option Agreement

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00286-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00286-of-00352.parquet"}]]