Letter Agreement of Financial Support regarding the $6 million additional credit dated May 31, 2023

Exhibit 10.39

Sterling Apparel Limited

18-19/F, Win Plaza, 9 Sheung Hei Street
San Po Kong, Kowloon, Hong Kong

May 31, 2023

JP Outfitters, Inc.

5345 Creek Road

Cincinnati, OH 45242

Re: Agreement of Financial Support

Dear Madam/Sir:

We are providing this letter in connection with the unaudited condensed consolidated financial statements of our majority-owned subsidiary, JP Outfitters, Inc. and Subsidiary (the “Company”) as of March 31, 2023 and for the three months ended March 31, 2023 and 2022. Sterling Apparel Limited (“Sterling”) is the primary supplier of inventories sold by the Company.

As of May 31, 2023, the Company owed Sterling approximately $5.8 million. Further, Sterling will also provide an additional $6 million worth of inventories within twelve months from the date the financial statements are issued. Sterling will not enforce its right to collect from the Company any trade payable for inventories supplied and the working capital loans extended until the Company receives its initial public offering proceeds. We also confirm that there will be no disruption to the supply of inventories ordered by the Company.

Wong Mei Wai Alice
Chief Executive Officer
Sterling Apparel Limited
Sam Chung
Chief Financial Officer
Sterling Apparel Limited
Arnold Cohen
President
JP Outfitters, Inc.