Shiner International, Inc.: Exhibit 10.17 - Filed by newsfilecorp.com






Contract No: 2013109001021301 

Trust Contract 

between Zhongrong International Trust Co., Ltd.
and 

Hainan Shiner Industrial Co., Ltd.


on Stock Rights Usufruct 

 

 








 

 

Grantor: HAINAN SHINY-DAY COLOR PRINTING PACKAGING CO.,
LTD 
Legal Representative: Wu Xuesi 
Correspondence Address:
No. 6 Haide Road, Haikou Hainan 
Postal Code: 570000 
Tel:
13648656545                        
Fax: 0898-68581513 

Trustee: ZHONGRONG INTERNATIONAL TRUST CO. LTD

Legal Representative: LiuYang 
Address: No.33 Songshan
Road, Nangang District, Haerbin 
Correspondence Address: Room 2301,
Jingmao Centre, No.4028 Jintian Road, Futian District, Shenzhen 
Postal
Code: 518035 
Tel:
0755-33969121                        
Fax: 0755-33969177 

The Grantor is desirous of creating a trust for the purpose and
upon the terms and provisions hereinafter set forth. Accordingly, the Grantor
hereby transfers and delivers unto the Trustee the usufruct of legally possessed
property (rights). 

Grantor and Trustee enter into this contract through
consultation for mutual compliance. 

Article I Definitions 

1.1 Contract or Trust Contract is the contract < Trust
Contract Between Zhongrong International Trust Co., Ltd and Hainan Shiner
Industrial Co., Ltd on Stock Rights Usufruct> signed on _______ between
Grantor and Trustee, Contract NO. is 2013109001021301. 

1.2 Agreement or Bailment Agreement is the Agreement < Trust
Capital Bailment Agreement between Zhongrong International Trust Co., Ltd and
Hainan Shiner Industrial co., Ltd on Stock Rights Usufruct> ( Contract No.
: 2013109001021301-03) 




1.3 Investment Agreement: the Agreement < Investment
Agreement between Zhongrong International Trust Co., Ltd and Hainan Shiner
Industrial Co., Ltd on Stock Rights Usufruct> ( Contract No.:
2013109001021301-01) between Trustee, with the authorization of Grantor, and
Investor. 

1.4 Bailee: Bank with Trust Bank Account, here refers to ICBC
Hainan Branch. 

1.5 Property (rights): here refers to the 100% shares
(underlying share rights) of Hainan Shiner Industrial Co., Ltd legally owned by
Grantor. 

1.6 Property (rights) Usufruct: the income rights of property
(rights) during Trust Contract period. 

Article II Purpose 

2.1 Grantor makes its legally owned property (rights) usufruct
Trust and Trustee will manage and dispose it according to the Trust Contract for
the purpose of making benefits for Beneficiary. Trustee, as the representative of
Grantor, will enter into investment contract with investor and make investor the
beneficiary. 

2.2 The investment capital will be used for the project
construction of “Hainan Xiandai Packaging Industrial Park”( R&D devices
purchase, R&D office building and related) , The investment capital should
not be used for other purpose without the written permission from Trustee and
Beneficiary. 

Article III Trust 

3.1 Trust Name: Trust Contract between Zhongrong
International Trust Co., Ltd and Hainan Shiner Industrial Co., Ltd on Stock
Rights Usufruct 

3.2 Trust Property: Trustee shall manage the property
usufruct since the establishment of trust contract and related property and
interests from property usufruct management, disposition or others. 




3.3 Usufruct values of Property (rights): total expected
cash income of RMB _______ from the trust contract establishment date to
__________. This value is adjusted by trust income. 

3.4 Trust Period: This trust contract period is 3 years
(36 months). 

Article IV Trust Contract Establishment and Effectiveness


4.1 Trust shall come into effect if below requirements both
were satisfied. 

1) Trust contract comes into effectiveness and the property
usufruct has been transferred to trustee; 

2) Investor has transferred the investment capital to trust
account according to the investment contract. 

4.2 To secure the trust income and stipulated trust benefits in
this trust contract, Grantor is willing to pledge Trustee to the underlying
share rights and details refers to <Pledge Contract> (Contract No.:
2013109001021301-04) 

4.3 To secure the trust income and stipulated trust benefits in
this trust contract, Grantor is willing to pledge Trustee to the underlying
share rights and details refers to <Pledge Contract> (Contract No.:
2013109001021301-05) 

4.4 To secure the trust income and stipulated trust benefits in
this trust contract, Hainan Xiandai Real Estate Holding Ltd makes its legally
owns state owned land user of Maiyin economic community, Yehai Road, Haikou;
Area: 65,225.99 m2; Serial No.: Haikou, state owned land
(2009)002416) security guarantee. Details refer to <Guaranty Contract>
(Contract No.: 2013109001021301-06) 

Article V Trust Usufruct 

5.1 Grantor will be the initial beneficiary when the trust
contract comes to effectiveness. 




5.2 Investor who signed the related
<Investment Agreement> with Trustee will be the beneficiary of this Trust
Contract and is entitled all usufruct of this Trust Contract.

5.3 Beneficiary of this Trust will be the beneficiary of this
Trust Contract and entitled all Trust usufruct. 

Article VI Trust Account 

6.1 Trust Account Details 
Account Name: Zhongrong
International Trust Co., Ltd 
Bank Account: ICBC Haikou Haidian Branch

Account No.: 2201020729200412055 

6.2 Trustee Fee 
Yearly trustee fee is 0.1% of the
investment capital balance. 
Periodical Trustee Fee= Current Investment
balance * 0.1% * periodical investment days / 360 

Article VII Trust Benefits Assignment and Payment 

7.1 Trust benefits: Balance after all tax and fees which should
be bear by the trust property deducted from all trust income. This balance
should be assigned to beneficiary. Calculation of trust benefit: 

Periodical Trust Benefit (Expected) = Current Trust Income –
Current tax and fees born by Trust Property 

7.2 Trust Benefits Assignment Account one: 
Account Name:
ICBC, Private Financial Products, Zhejiang Provincial Branch, Trust Account

Bank: ICBC, Zhejiang Branch,Hangzhou Chengzhan Sub-branch 
Account No.:
1202 0277 2990 0188 724 




7.3 Trust Benefits Assignment Account two: 
Account Name:
Other Account Payable Fund Liquidating Fund-Private Financial Product Fees
Account 
Bank: ICBC, Head Office, Liquidating Centre 
Account No.: 0101
0001 1120 0507 816 

7.4 Regulatary Account stipulated in <Account Regulation
Agreement> (Contract No.: 2013109001021301-02): 
Account Name:
HainanXiandai Color Printing PackagingCo., Ltd 
Bank: ICBC Haikou Haidian
Branch 
AccountNo.: 2201020719200346060 

Article VIII Dispute Settlement 

This contract shall be subject to Laws of the People's Republic
of China. 

Any dispute arising from the performance of this contract may
be settled through consultation. If the dispute cannot be resolved through
consultation, such dispute shall be resolved by the local court of financier.


Article IX Effectiveness of Contract 

This contract shall become effective upon signing by the legal
representative, principle officer or authorized representative of Grantor and
being affixed with the company chop; and signing by the legal representative,
principle officer or authorized representative of Trustee and being affixed with
the company chop of Trustee. 

Article X Miscellaneous 

This contract is made in ten originals and trustee, grantor and
beneficiary each holds two copies. Registration authority holds four copies.
They are of same validity. 

The appendixes confirmed shall become effective and are
inseparable parts of the contract. 




Appendix I: < Trust Property Management Risk Statement>


Appendix II: < Payment Plan of Expected Trust Income> 

Appendix III: < Investment Agreement between Zhongrong
International Trust Co., Ltd and Hainan Shiner Industrial co., Ltd on Stock
Rights Usufruct> ( contract no.: 2013109001021301-01) 

Appendix IV: <Account Regulation Agreement> (contract
no.: 2013109001021301-02) 

Appendix V: <Trust Capital Bailment Agreement between
Zhongrong International Trust Co., Ltd and Hainan Shiner Industrial co., Ltd on
Stock Rights Usufruct>(Contract No.:2013109001021301-03) 

Appendix VI: <Pledge Contract> (Contract No.:
2013109001021301-03) 

Appendix VII: <Pledge Contract> (Contract No.:
2013109001021301-05) 

Appendix VIII: <Guaranty Contract> (Contract No.:
2013109001021301-06) 

This contract is made by both grantor and trustee and both
parties are fully understood all articles of this contract and the trust
relationship and related rights, obligation and duties. 

Grantor: Hainan Shiny-Day Color Printing Packaging Co.,
Ltd 
Legal Representative or Authorized Representative ( Signature or
Chop): 

Trustee: Zhongrong International Trust Co., Ltd

Legal Representative or Authorized Representative ( Signature or Chop)


Date:




Appendix II: <Payment Plan of Expected Periodical Trust
Income> 

As stipulated in < Investment Contract Between Zhongrong
International Trust Co., Ltd and Hainan Shiner Industrial Co., Ltd on Stock
Rights Usufruct> (Contract No: 2013109001021301-01), the periodical trust
incomes of the expected investment amount(total investment is RMB120,000,000.00)
below: 


	  	Investment of 	Trust Income of 	  		 
	  	Period K 	Period K 	  	  	  
		Interest accrue 			Including: Due 	
		day 	Pay day 	Due Trust Income Payment 	Payment Amount of 	
	Period 	(Including due 	(Excluding due 	by Grantor (RMB) at Period 	Investment at Period 	Annual Adjustment 
	K 	day) 	day) 	  K 	K (RMB)   	Amount( if Applicable)   
	1 	Trust Establishment Day 	Trust Establishment
      Day 	Based on contract article3.6 		Based on contract
      article3.6 
	2 	Trust Establishment Day 	2014-6-21 	Based on contract article3.6 		
	3 	2014-6-21 	2014-9-21 	2254000.00 	0.00 	  
	4 	2014-9-21 	2014-12-21 	2254000.00 	0.00 	  
	5 	2014-12-21 	2015-3-21 	43567833.33 	40000000.00 	1342000.00 
	6 	2015-3-21 	2015-6-21 	1470000.00 	0.00 	  
	7 	2015-6-21 	2015-9-21 	1502666.67 	0.00 	  
	8 	2015-9-21 	2015-12-21 	1502666.67 	0.00 	  
	9 	2015-12-21 	2016-3-21 	Based on contract article 3.6 	40000000.00 	Based on contract
      article3.6 
	10 	2016-3-21 	2016-6-21 	743166.67 	0.00 	  
	11 	2016-6-21 	2016-9-21 	751333.33 	0.00 	  
	12 	2016-9-21 	2016-12-21 	751333.33 	0.00 	  
	13 	2016-12-21 	2017-3-21 	743166.67 	0.00 	  
	14 	2017-3-21 	Trust termination day 	Based on contract article3.6 	40000000.00 	
	Remark: 
	1
      Expected Due Payment Amount of Trust Income at Period K = Current
      Investment Balance * 7.35% 
	*periodical investment
      days / 360 + Due Payment Amount of Investment at Period K + Annual
      Adjustment 
	Amount
      (if Applicable) 
	2 Interest accrue days of every Period starts from
      the first day of Period K and the last day is excluded. Periodical
Investment days includes the due day and the last day is excluded.
  



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