Exhibit 10.16


 


Loan Contract


 


Party A (Lender): Wuhan
KangBo Biotechnology Co., Ltd.


 


Party B (Borrower):
Wuhan Kingold Jewelry Co., Ltd.


 


This contract is signed
in line with relevant national law, regulation and rules after the consensus between the Party A and Party B.


 


Article 1 Amount
and purpose of the loan: Party A agrees to extend loans to Party B (capitalization) Five Hundred Million Yuan, (in lowercase)¥500,000,000.
Purpose of the loan is circulating fund supplement to purchase gold raw material.


 


Article 2 Life
of loan: life of loan for this contract is 12 months since October 2nd, 2018 to October 2nd 2019.
The actual loan date is not in line with above appointment and shall be subject to the actual loan date.


 


Article 3 Lending
rate: The parties agree on an interest rate of 6.5% for this loan.


 


Article 4 Mode
of repayment: The principal should be refunded once at the end of the repayment period.


 


Article 5 The
Party B should obtain written consent from Party A once it replays the loan in advance.


 


Article 6 Rights
and obligations of Party A:


 


It has the right to
receive the principal of the loan in accordance with the stipulations of this contract.


 


Article 7 Rights
and obligations of Party B:


 


1. Truthfully provide
relevant documents, certificates and other materials, and accept Party A's supervision and inspection.


 


2. Guarantee that this
loan is not used for illegal activities.


 


3. Acquire the principal
of the loan in accordance with the provisions of this contract.


 




     


     


    

 


Aticle 8 Payment
release:


 


The Party A will remit
all its borrowings to the following Party B's accounts:


 


Account name:


 


Openging bank:


 


Account Number:


 


Article 9 Loan
extension: If the Party B needs to extend the loan period, then it should submit an application in writing to Party A 60 days before
the expiration of the loan. After the consent of Party A, the parties separately sign a repayment agreement.


 


Article 10 Liability
for breach of contract


 


(I) Borrower's default
and its liability for breach of contract


 


1. If the borrower
takes one of the following circumstances, the lender has the right to stop the loan that has not been issued in this contract and
recover the unpaid loan in advance:


 


(1) Provide false or
illegal documents, certification materials, etc.;


 


(2) Failure to repay
the loan principals on schedule;


 


(3) The loan is not
used according to the agreed loan application;


 


(4) Does not accept
or cooperate with the lender's inquiry or supervision of its loan usage;


 


(5) Being involved
in material adverse litigation;


 


(6) Being subject to
major administrative penalties by administrative agencies;


 


(7) Stopping production
due to mismanagement;


 


(8) Concealing the
company's financial status, operating conditions, or drawing funds (capital);


 


(9) There are taxes
for stealing (escape), being ordered to suspend business for rectification, or being revoked (revoked) of a business license;


 


(10) There are situations
which have any other serious impact on the ability to repay loans or lose credit.


 


(II) Lender's breach
of contract and its liability for breach of contract: To the extent that the Party A is not able to issue loans to Party B in accordance
with this contract, it shall be deemed as a serious breach of contract, and the Party A shall bear the direct expenses paid by
other parties, and shall pay Party B a separate penalty of 0.5% of the total loan principal. .


 




     


     


    

 


Article 11 The
formation, effectiveness and termination of the contract: This contract shall be established since the date of signature (seal)
by all parties.


 


Article 12 Disputes
arising from this contract shall be under the jurisdiction of the People's Court of the place where the contract is signed


 


Article 13 This
contract is made in two copies and each party holds one.


 


(The remainder of this
page intentionally left blank. Signatures appear on the following page.)


 


	Party A (Lender):	 
	 	 
	Party B (Borrower):	 
	 	 
	Date: September 20, 2018