Exhibit 10.14


 


Contract No.: 2016 Entrusted Loan No. 000004


 


General Entrusted Loan Agreement


 


Notes: On the basis of equity and
free will of each party, this contract is signed by the parties through legal negotiations. All articles hereby are truly the expression
of the parties. In order to protect the rights of Consigner and Borrower, Consignee calls up hereby Consigner and Borrower
to give full attention to the terms of rights and obligations herein for the parties, especially the bold parts.


 




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This contract is signed by three parties
here below, dated 30th (day) September (month) 2016 (year).


 


Consigner:


Name: Hubei Asset Management Co., Ltd.
 Legal Representative: Niansheng Li


Address: 40th Floor, Hanjie
Headquarter International B Tower, No. 86, Zhongbei Ave., Wuchang District, Wuhan City 


Post Code: _____________


Contact Person: ______________ Phone No.:
______________


 


Consignee:


Name: Wuhan Jiang’an Branch of
Industrial & Commercial Bank of China


Person in Charge: Lai Jun


Address: No. 988, Zhongshan Road, Jiang’an
District, Wuhan City


Post Code: _____________


Contact Person: ______________ Phone No.:
______________


 


Borrower:


Name: Wuhan Kingold Jewelry Co., Ltd.
Legal Representative: Zhihong Jia


Address: No. 15, Huangpu Science and
Technology Park, Jiang’an District, Wuhan City


Post Code: _____________


Contact Person: ______________ Phone No.:
______________


 


In accordance with General Authorized Agent
Agreement for Entrusted Loan (Agreement No.: 2016 Entrusted No. 001) signed by Consigner and Consignee, dated 28th
(day), September (month), 2016 (year), and at the require of Borrower, Consignee agreed to issue this entrusted loan
through Consigner’s authorization. Through friendly negotiations, Consigner, Consignee and Borrower hereby reach the agreements
below and give full compliance.


 


Chapter I Amount, Interest Rate, Life
of Entrusted Loan and others


 


Article 1 Loan Currency and Amount. This
entrusted loan is RMB 300,000,000.00 (RMB THREE HUNDRED MILLION). This loan is entrusted loan.


 


Article 2 Interest Rate of the Loan. Interest
rate of this entrusted loan is calculated in the (1) way below.


 


(1) Annual interest rate is a fixed interest
rate of 9.5%, which keeps unchanged in the loan term.


 


(2) It is calculated by  /  (increasing/decreasing/zero)
/ % based on bench mark of corresponding term lending rate issued by People’s Bank of China the day Borrower withdraws.
In the event People’s Bank of China changes bench mark of lending rate, loan interest in the contract herein shall change
simultaneously. Interest rate is calculated for one term with (1/ 3/ 6/ 12) month and the interest is adjusted every term with
sectional interest.


 


Article 3 Calculation and Settlement of
Loan Interest. This entrusted loan is calculated by daily interest, monthly (monthly/quarterly/annual) settlement, for monthly
settlement, settlement day is the 20th day of the month, for quarterly/annual settlement, settlement day is the 20th day of the
last month in that quarter/year. For the unpaid loan interest as scheduled, Consignee shall not count (count/not count)
compound interest. If not counting compound interest, it is calculated by overdue penalty interest rate stipulated in the contract
herein.


 




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Article 4 Term of the Loan. The term of
this trusted loan is 24 months, dating from ______ (day) _____ (month) 2016 (year) to ______ (day) _____ (month)
2018 (year). In the event the Borrower pays the loan back with the approval by Consigner, interest is calculated by actual
days and amount of the loan.


 


Article 5 Use of the Loan. Trusted loan
in the contract herein is used for turnover of current capital.


 


Article 6 Plan to Use the Loan. Pay
to Borrower in a lump sum.


 


Article7 Loan Repayment. Repayment plan
and method of the Borrower is agreed as following: Once payment for principal at maturity; Borrower could repay in advance.


 


The principal and interest of the loan
shall be transferred to the account assigned by Consigner on time.


 


Article 8 Guarantee of the Loan. Consigner
confirms the Guarantor of the loan is Zhihong Jia; guarantee type of the loan is joint liability guarantee.


 


Article 9 Loan Extension. After consultation
between Consigner and Borrower, consensus is reached to extend trusted loan term; Consigner, Consignee and Borrower should sign
trusted loan extension agreement 10 days prior to the expiry of the loan.


 


Article 10 As required by Consignee, Consigner
and Borrower should provide such proof materials like business license, tax registration certificate, and annual inspection certificate.


 


Chapter II Rights and Obligations of
Consignee


 


Article 11 As per the stipulations of General
Authorized Agent Agreement for Entrusted Loan herein, Consigner has the right to confirm the Borrower, loan use, loan amount, loan
term, loan interest rate, and extension of the loan, and decide at its sole option to guarantee or not.


 


Article 12 Consigner opens special trusted
loan account at Consignee’s office and deposit in ample capital. Consignee should transfer the capital to Borrower’s
account within ______days.


 


Article 13 Consigner itself supervises/
authorizes Consignee to supervise (delete unnecessary part) Borrower’s use of the loan. What Consignee supervised
which is entrusted by Consigner includes the following: (check the available, delete the unnecessary)


 


□ to
supervise the Borrower on use of the loan as per the stipulation of the contract herein;


□ to
supervise the execution of the project;


□ to
assist to supervise Borrower on production, operation, and management;


□ to
assist to supervise Guarantor on production, operation, and management;


□ to
assist to supervise and urge mortgagor to keep mortgage appropriately (mortgage contract No.___/______);


 




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□ to
assist to keep mortgage and title certificate (Pledge contract No.___/_____);


□ other
special supervision (if any) ___________________________;


 


Article14 If Consigner agrees Borrower
to pay in advance, Consigner shall inform Consignee in written notice and finish prepayment procedure for Borrower.


 


Article15 The principal and interest Consigner
requires should be transferred into the special entrusted capital account:


 


Company Name: Hubei Asset Management
Co., Ltd.


Account Name: Jiang’an
Branch of Industrial & Commercial Bank of China


Account No.: 3202114419100021338


 


Article16 In case Borrower has not paid
the principal and interest as scheduled, Consigner has the right to deduct directly from Borrower’s account and Borrower
promises it will not raise any objection on such acts.


 


Article 17 In case the loan is guaranteed,
Consigner should itself review guarantee capability of the Guarantor, collateral ownership and value, and practicability of lien.
Consignee undertakes no obligation of reviewing.


 


As for the guaranteed extension loan, Consigner
should get Guarantor’s prior approval and inform Consignee and Guarantor to renew extension contract 10 days in advance in
written.


 


Cost for guarantee issues should be undertaken
by / Consigner.


 


Article 18 In case of deterioration of
Borrower’s operation and other situations endangering entrusted loan, the Consigner has right to inform Consignee to assist
to recover entrusted loan in advance. Borrower accepts that Consignee has right to declare the expiry of entrusted loan in advance
as per Consigner’s instruction.


 


Article19 Consigner has the right to require
the principal and interest of entrusted loan directly from Borrower, as well as to initiate legal proceedings.


 


Chapter III Rights and Obligations of
Consignee


 


Article 20 As per the stipulations of General
Authorized Agent Agreement for Entrusted Loan, Consignee has the right to require for the detailed use of the entrusted loan from
Consigner. If any doubt about the legality of the use arise herein, Consignee could refuse to handle procedures.


 


Article 21 Consignee checks the contract
herein compared to the General Entrusted Loan Notice signed by Consigner. Lending procedure could be implemented after confirmation
of full payment of entrusted loan.


 


Article 22 Consignee should transfer capital
and interest paid from Borrower promptly to entrusted loan special account, as required by Consigner, and should mark out the amount
of capital and interest on capital transfer voucher.


 




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Article 23 During the term of the contract,
if Borrower could not pay back the principal and interest as scheduled due to Borrower’s malfunction in management and operation;
or any change to guarantee occurs not in favor of creditor’s rights; or Borrower uses the loan not in compliance with the
stipulation herein; Consignee could terminate the contract in advance as required by Consigner, and deduct the principal and interest
of the loan from Borrower's account.


 


Article 24 Consignee should make prompt
demand for collection of unpaid principal and interest in written. If Borrower is not able to repay the loan, during the guarantee
period, Consignee should make prompt demand for collection from Borrower in written and report the demand situation to Consigner.


 


Article 25 If Consignee and Borrower are
not at the same district, Consignee could delegate part of the entrusted loan matters to local office of Industrial and Commercial
Bank of China in Borrower’s district. Consignee undertakes responsibility for the acts of delegated entrust agency.


 


Article 26 Consignee is entrusted by Consigner
to supervise the use of loan, and the following supervision measures should be taken:


______________________/____________________________________________________________________________


________________________________________


 


Article 27 If guaranty is implemented in
this entrusted loan, Consignee should sign guarantee contract with Guarantor designated by Consigner, in accordance with Consigner’s
written notice, and handle necessary notarization and registration procedure. Consignee has right to require, as per the stipulation
in the contract herein, Consigner or Borrower to pay for the cost arising in the process of handling guarantee procedure.


 


Chapter IV Rights and Obligations of
Borrower


 


Article 28 Borrower should open basic account
or general deposit account in Consignee’s business unit to handle the issue of borrowing, repayment, payment of interest,
and so on


 


Article 29 Before use of the loan, Borrower
should withdraw money once or more times from Consignee in accordance with loan plan. Every time before withdrawing, Borrower should
hand in notice to delivery to Consignee one day(s) in advance.


 


Article 30 Borrower should use the loan
in accordance with agreed purpose, and should not use the loan in misappropriation or diversion.


 


Article 31 Borrower should prepare ample
amount of principal and interest in the current period in Consignee’s account before interest settlement or principal payment
date, and should pay for the principal and interest as agreed hereto.


 


Article 32 In the duration of the contract,
Borrower should accept examination and supervision on the use of the loan from Consigner and Consignee. Borrower should provide
timely financial accounting statement and other materials required by Consigner and Consignee.


 




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Article 33 In the duration of the contract,
if Borrower is engaged in major investment, shareholding reform, contracting, leasing, joint venture, merging, division, foreign
investment cooperation, paid property transfer and application for dissolution, and so on it should inform Consigner and Consignee
60 days in advance in written.


 


Article 34 If Borrower requires to pay
off the loan ahead of time, it shall submit to Consignee the loan repayment application prior to _____days of planned payment date
and accept Consigner’s written approval.


 


Article 35 If Borrower requires for loan
extension, it shall submit to Consigner the application prior to 30 days before expiry of the loan and accept Consigner’s
written approval.


 


Article 36 Borrower should accept legal
status of the delegated agency entrusted by Consignee, and undertake all the obligations towards the delegated agency.


 


Chapter V Default Liability


 


Article 37 If Borrower uses the loan inappropriately,
Consigner has right to, in accordance with default amount and term, make 0.5‰ daily rate penalty as per Consigner’s
written instruction and loan interest rate stipulated in the contract herein.


 


Article 38 If Borrower fails to pay the
principal and interest of the loan as scheduled, Consignee has right to, in accordance with default amount and term, make 0.5‰
daily rate penalty as per Consigner’s written instruction and loan interest rate stipulated in the contract herein.


 


Article 39 If Consignee fails to release
the loan according to agreed date and amount, Consigner has right to collect daily 0.5‰ default penalty.


 


Article 40 In the duration of the contract,
the occurrence of any of the following events shall be deemed a default by Borrower under this contract, and Consignee
has right to stop releasing loan as per Consigner’s written instruction, recover loan in advance or deduct the principal
and interest of the loan from Borrower’s account without prior notice to Borrower, if Borrower


 


1. fails to pay the principal
and interest of the loan as per the stipulation in the contract;


2. fails to use the loan as
agreed in the contract herein;


3. loan is expired and fails
to pay after Consignee’s collection;


4.
fails to provide financial statement and other materials as required by Consigner and Consignee, or provide fake financial statements;


5.
involved in major litigation or arbitration proceedings and other legal proceedings;


 


Article 41 If Consigner fails to pay for
procedure cost, guarantee, litigation and other costs as scheduled, Consignee has right to deduct directly relevant cost from Consigner’s
account in Industrial and Commercial Bank of China or from the principal and interest paid by Borrower.


 




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Chapter VI Miscellaneous


 


Article 42 Delivery. All the notice and
instructions under the contract should be delivered in written. If delivered in person or by letter, signing date should be regarded
as delivery date; through fax delivery, the date of receiving reply should be regarded as delivery date.


 


Article 43 Modification and Termination
of the Contract. Once contract coming into force, if Consigner, Consignee, or Borrower wants to modify the terms of the contract,
modification could only occur when three parties reach a consensus after negotiation. If there is any guaranty for the loan under
this contract, written approval from Guarantor is required.


 


Article 44 Disputes Settlement. Should
any disputes happen in the process of the contract, all parties shall resolve them through consultations. If no settlement is reached;
the following (2) settlement could be taken:


 


(1) Arbitration commission gave arbitration
at _________ based on arbitration rule when the issue was submitted.


(2) Submitting to local People‘s
Court where Consignee lives.


 


Article 45 Other items that Consigner,
Consignee and Borrower have agreed upon (this Article should not have conflicts with other articles and impact practical rights
and obligations between the parties.)


 


1. Consigner, Consignee and Borrower
confirm collectively: if Borrower fails or is not able to perform the obligation stipulated in the contract herein,
Consigner could institute a suit to People’s Court in its own name.


 


2. Consigner, Consignee and Borrower
confirm collectively: after prudent consideration, three parties agree voluntarily that the contract is notarized and
given compulsory execution in notarial office in compliance with laws and stipulations from signing date of the contract. Consignee
recognizes all the matters that Consigner applies to handle by itself in relevance with applying for the issuing of certificates
(including but not limited to, make notarization application, performing notarization procedure, check the debt, signing notarization
documents, apply for prosecution from court, and so on) Three parties have a complete understanding of the definition, contents,
procedure and effectiveness of compulsory execution notarization and bring no disputes to the obligations stipulated in the contract.
Three parties agree collectively: if Borrower fails or is not able to perform the obligations, Consigner has right to apply for
compulsory execution certificate directly from notarization office, or apply for compulsory execution from People’s Court
with jurisdiction, without implementing any issuing procedure; meanwhile, Borrower accepts compulsory execution from People’s
Court voluntarily and gives up any counterpleading. The agreement hereof on compulsory execution of notarization prevails over
implementation in Article 45, Section 1.


 




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3. Consigner, Consignee and Borrower
agree and confirm: Notice between three parties could be delivered by special messenger, certified mail, or express
mail, and so on Three parties confirm address stipulated in the contract herein could be the deliver address for the notice deliver
above. Three parties confirm address stipulated in the contract herein could be delivery address for notarial certificate, arbitration
certificate, and court’s litigation documents; if not informing other parties in written of any change of the address
in the contract, the address is regarded unchanged; if notification, notarial certificate, arbitration certificate and litigation
documents are not received due to mistake of stipulated address or untimely informing of address change, the day the notification
or documents are rejected is regarded as delivery date during the delivery of the mail.


 


Article 46 Unfinished Matters. Unfinished
matters should comply with laws, regulations and financial stipulations in People’s Republic of China.


 


Article 47 Contract Effectiveness. The
contract shall go into effect after signed by Consigner, Consignee and legal representative/ responsible person or the authorized
representative of the Borrower, and sealed with common seal and special seal for contract. The contract will be terminated automatically
after rights and obligations of all parties are fully realized/ performed.


 


Article 48 Components of the Contract.
Any documents in relevance to the contract including General Authorized Agent Agreement for Entrusted Loan, receipts, supplementary
Articles of the loan contract modified by three parties shall be parts under this contract and have the same legal effect.


 


Article 49 Copies of the Contract. This
contract shall be made in quintuplicate, having the same legal effect; Consigner holds two, each for Consignee, Borrower and notary
agency.


 


This page hereafter is intentionally left
blank.


 




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This page is signing page of General Contract
of Entrusted Loan by and between Hubei Asset Management Co., Ltd., Wuhan Jiang’an Branch of Industrial & Commercial
Bank of China, and Wuhan Kingold Jewelry Co., Ltd.


 


Consigner: (Seal) Hubei Asset Management
Co., Ltd.


Legal Representative: (Signature)


 


Consigner: (Seal) Wuhan Jiang’an
Branch of Industrial & Commercial Bank of China


Responsible Person or Authorized agent:
(Signature)


 


2016/9/30


 


Borrower: (Seal) Wuhan Kingold Jewelry
Co., Ltd.


Legal Representative: (Signature)


 




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