Exhibit 10.57


 


Trust Loan Contract


 


Contract No.: SCXT2019(DXD)Zi. No.1-2


 


Lender: Sichuan Trust Co., Ltd.


Legal Representative: MouYue


Address:No.18,
Second section of South Renmin Avenue, Jinjiang District,Chengdu


Agent: Zhu Pan


Tel:0571-85238957


Fax: 0571-85238957


Postcode: 310000


 


Borrower: Wuhan Kingold Jewelry Co.,
Ltd.





Legal Representative: JiaZhihong





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





Contact
Address: Special No. 15 of Zhongshan Western Huangpu Science and Technology Park, Jiang’an District





Agent:


Fax: 027-65694977


Tel: 027-65694977


Postcode: 430023


 


The parties involved above is separately
referred to as “one party” and collectively known as “both parties”.


 


WHEREAS:


 


		(1)	The lender, as the
                                         trustee of “Chuanxin-Kingold No.3 Single Trust” ( hereinafter referred to
                                         as “this trust” or “the trust”), in accordance with the agreement
                                         in Chuanxin-KingoldNo.1 Single Trust Contract, numbered 【SCXT2019(DXD)Zi.
                                         No.1-1】, planned
                                         to make loans which are delivered by the consignor for the borrower as the RMB trust
                                         loan, which shall be used by the borrower to purchase raw materials.



 






    	 	 	 



     


    

 


		(2)	The borrower is a
                                         company limited by shares with valid existence established in accordance with the laws
                                         of the People's Republic of China. Due to the need of manufacture and operation, the
                                         borrower applies to the lender for loans310,000,000 Yuan (Capital: Three Hundred and
                                         Ten Million Yuan Only);



 


		(3)	According to the
                                         stipulation of Trust Contract, the lender agrees to offer trust loans for the borrower;



 


		(4)	At the time of signing
                                         the contract, the borrower has been aware of and recognized that the loan funds under
                                         this contract are from the trust funds which the lender is trusted to manage. Except
                                         for opposite provisions, the loans under this contract referred to “trust loans”.



 


Hereby, according to the current law of the
People's Republic of China and on the basis of fairness principle, the borrower and the lender reach an agreement and conclude
this contract to comply with.


 


		1	Definition
                                         and Explanation



 


In the contract, except that there
are other explanations or implications in the context, the following words and phrases bear the following meanings:


 


		1.1	The
                                         borrower/ Wuhan Kingold Jewelry Company: refers to Wuhan Kingold Jewelry Co., Ltd.
                                         and its legal successor.



 


		1.2	The
                                         lender/ Sichuan Trust: refers to Sichuan Trust Co., Ltd. and its legal successor.



 


		1.3	Both
                                         parties: refers to the borrower and the lender.



 


		1.4	Consignor:
                                         Zhangjiakou Bank Corporation



 






    	 	 	 



     


    

 


		1.5	This
                                         contract: refers to the loan contract signed between the borrower and the lender
                                         as well as its enclosures and any valid change or supplementary agreement of it.



 


		1.6	Contract
                                         of Guaranty: refers to the contract of guaranty signed between the borrower
                                         and the guarantor numbered SCXT2019(DXD)Zi. No.1-2and the attachment as well as any valid
                                         change or supplementary agreement of it.



 


		1.7	Pledge
                                         contract of Gold: refers to the Pledge contract of gold signed between the borrower
                                         and the guarantor numbered SCXT2019(DXD)Zi. No.1-4 as well as its enclosures (include
                                         but not limited to the pledged property listing) together with any valid change or supplementary
                                         agreement of it.



 


		1.8	Insurance
                                         Contract: refers to the insurance contract and the insurance policy (property insurance)
                                         together with any of its valid change or supplementary agreement, signed between the
                                         borrower and the PICC Property and Casualty Company Limited (hereinafter referred to
                                         as PICC P&C) on pledge gold, with the lender as the only beneficiary. The term of
                                         the insurance contract (including renewed term) shall cover the whole pledge term.



 


		1.9	Security
                                         file: the contract of guaranty and the pledge contract of gold under this contract
                                         are jointly called security file.



 


		1.10	Pledgor:
                                         the pledgor and borrower under this contract is the same person, namely Wuhan Kingold
                                         Jewelry Co., Ltd. and its legal successor.



 


		1.11	Guarantor:
                                         refers to Mr. JiaZhihong, the real controller of the loan.



 


		1.12	Guarantor:
                                         the pledger and the warrantor under this contract are collectively called as the guarantor.



 






    	 	 	 



     


    

 


		1.13	Standard
                                         gold: refers to the AU9999 Standard Gold purchased from Shanghai Gold Exchange whose
                                         purity is 99.99%.



 


		1.14	Pledge
                                         gold: refers to the standard gold which the borrower owns legally and can be pledged
                                         legally, is obtained from the warehouse of Shanghai Gold Exchange according to relevant
                                         regulations and procedures, and is promised to pledge to the lender in accord with this
                                         contract and the pledge contract of gold.



 


		1.15	Gold
                                         price: Refers to the closing price of this contract at 15:30 of the Shanghai Gold
                                         Exchange Standard Gold, or closing price of this contract at 2:30 in the morning of Shanghai
                                         Gold Exchange Standard Gold if there are night market according to Shanghai Gold Exchange
                                         Au(T+D) contract, unless there is special agreement in this Contract.



 


		1.16	Base
                                         price of gold pledge/ pledge price: The pledge price of pledge gold takes the lower
                                         price between Shanghai Gold Exchange AU(T+D) contract 30-day average of the previous
                                         session and the closing price at 15:30 of the previous session.



 


		1.17	Pledge
                                         Date: refers to the day when each batch of pledge gold is stocked in the pledged
                                         property safe box rented by the borrower.



 


		1.18	Trust
                                         loan: refers to the loans that the lender offers to the borrower according to this
                                         contract and trust funds under the trust plan it is trusted to manage. Except for additional
                                         reference, the “loan” in this contract has the same meaning as trust loan.



 


		1.19	Loan
                                         period: refers to the loan period stipulated in the article 2.1 in this contract.



 


		1.20	Repayment:
                                         refers to the repayment of any principal amount and interest of the trust loan stipulated
                                         in this contract.



 






    	 	 	 



     


    

 


		1.21	Value
                                         date for interest: refers to the day when the lender offers each loan funds to the
                                         borrower’s special loan account. In regard to the specific date, the date on the
                                         withdrawal application for the loan shall prevail (format of withdrawal application for
                                         a loan see appendix 1). Conditions such as article 6.2.5 in this contract happens, the
                                         value date for interest of each trust loan corresponds to the effective date of the trust
                                         beneficial right of each trust loan (specific date subject to the lender’s date
                                         of announcement).



 


Expiry date for interest:
refers to the accounting date of the interest of each trust loan, namely,(i) during the existence period of trust plan, every
three month calculated from corresponding value date for interest of each trust loan; (ii) the expiry date of each trust loan
or all trust loans (including advances to the expiry date).


 


		1.22	Interest
                                         payment date: refers to (i) article 1.20 in this contract (i) any day within the
                                         first five working days of each expiry date for interest under each fund; (ii) article
                                         1.20 in this contract (ii) the expiry date for interest under funds. Any interest payment
                                         date which is not a working day, shall be extended to the next succeeding working day.



 


		1.23	Trust
                                         plan/ this trust plan: refers to “Chuanxin-Kingold No.1 Single Trust”,
                                         subject to the name regulators approve.



 


		1.24	Precedent
                                         conditions for lending: refers to the premise condition for lender to offer loans
                                         to the RMB loan account of the borrower according to article 3 in this contract.



 






    	 	 	 



     


    

 


		1.25	Accrued
                                         fees: refers to all expenses that the borrower shall pay to the lender including
                                         but not limited to all principal amount of the trust loans under this contract (no more
                                         than 1 billion Yuan), interest, liquidated damages produced when the borrower violates
                                         this contract, overdue interest, penalty interest, damage awards, compound interest,
                                         related expenses paid in advance by the lender, etc. as well as all reasonable fees for
                                         the lender to realize the creditor’s rights. Thereinto, all reasonable fees for
                                         the lender to realize the creditor’s rights include but not limited to the following
                                         fees: legal fare, arbitration fee, property preservation fee, execution fee, valuation
                                         fee, auction fee, fees related to exercising security right, transaction handling fee,
                                         agent fee, registration fee, appraisal fee, safekeeping fee, insurance premium, notice
                                         fee, enquiry fee, attorney fees, notary fees, delivery fee, travel expense, communication
                                         fee, and all kinds of taxes and other related expense as well as the responsibility of
                                         invalid contract that the borrower shall bear as the contract stipulates.



 


		1.26	All
                                         payment liabilities: refers to the liability that the borrower shall pay all the
                                         accrued fees to the lender according this contract.



 


		1.27	Default
                                         events: refers to any default event stipulated in article 14.1 in this contract.



 


		1.28	The
                                         expiration or the mature: refers to the following situations: (1) the expiration
                                         of payment date for principle amount and interest of any trust loan stipulated in this
                                         contract; (2) Partial or overall advance of expiration of any trust loan announced by
                                         the lender.



 


		1.29	Remainder
                                         days/ existing days: days accumulated from the disbursement date of any trust loan
                                         to the payment date of all principal amounts and interest of any trust loan.



 


		1.30	In
                                         this contract when it mentions Business day/ Working day: it shall be explained
                                         as any day on which the lender is open to conduct business except for legal holidays.
                                         Year: refers to every calendar year. Month: refers to every calendar month.
                                         Quarter: refers to every nature quarter.



 






    	 	 	 



     


    

 


		1.31	Assurance
                                         fund: According to the Regulations and relevant regulations of supervision
                                         department, the borrower shall subscribe Chinese Trust Fund according to one percent
                                         of the principal amount of the trust loans as the obligation subscriber.



 


		1.32	Assurance
                                         fund company: refers to the Chinese Security Trust Fund Co., Ltd established according
                                         to the Regulations as well as other companies which inherent its legal obligations.



 


		1.33	The
                                         Regulations: refers toTrust Industry Security Fund Management Regulation as
                                         well as relevant regulations revised, supplemented and replaced by supervision department.



 


		1.34	Supervision
                                         department: refers to China Banking Regulatory Commission as well as other government
                                         departments which bear the same obligations of supervision.



 


		1.35	Yuan:
                                         refers to thelegal currency unit of People's Republic of China, RMB, Yuan.



 


		1.36	Laws:
                                         the laws under this contract refer to laws, administrative regulations, department rules
                                         as well as local laws and regulations and policies with legal binding. Except for additional
                                         stipulations in laws and regulations or requirements in context, whenever this contract
                                         mentions any article of “laws”, it shall be explained as the effective law
                                         text timely revised or newest publicized.



 


		1.37	Subject:
                                         the subjects of any article and enclosure under this contract are made for convenience
                                         and only for reference, which shall never be considered as the explanation of that article
                                         or enclosure.



 






    	 	 	 



     


    

 


		2	Trust loans



 


		2.1	Amount
                                         and term of trust loans



 


		2.1.1	The
                                         trust loans under this contract are RMB loans. The principal amount of loans is no more
                                         than 310,000,000 Yuan (capital: Three Hundred and Ten Million Yuan only). The trust loans
                                         are disbursed separately. The specific disbursement of each loan shall be determined
                                         on the basis of the borrower’s capital needs and the condition of capital use.
                                         The specific amount of each loan is subject to the real amount disbursed (specifically
                                         subject to the withdrawal application for the loan).



 


		2.1.2	The
                                         total term of loans under this contract is 12 months, calculating from the first day
                                         when the first sum of trust loan fund is disbursed to the borrower’s special loan
                                         account(specifically subject to the withdrawal application for the loan). It is expected
                                         to be from to (specifically subject to the withdrawal application for the loan). If the
                                         condition agreed in article 6.2.5 occurs, the term of trust loans shall be calculated
                                         from the setup of the trust plan.



 


		2.1.3	Except
                                         for additional agreement, when the starting day of the term of trust loans does not comply
                                         with the actual disbursement day under this contract, the actual disbursement day shall
                                         prevail. Besides, the expiry date of loans agreed in article 2.1.2 in this contract shall
                                         also be adjusted accordingly.



 


		(1)	The lender is entitled to issue
                                         loans by stages. The limit of each stage is 24 months or no more than 24 months, and
                                         the expiry date of last stage loan should be before the expiry date for the total amount.



 


Despite the agreements above, anything
occurs as what is agreed in article 6.2.5 in this contract, the term of each trust loan shall be calculated from the effective
date of each trust benefits conforming to each trust loan fund.( specifically subject to the announcement date of the lender)


 


		2.1.4	If
                                         any agreed condition in this contract occurs, the lender is entitled to announce the
                                         acceleration of maturity for partial or whole loans.



 






    	 	 	 



     


    

 


		2.2	The
                                         Expansion of Term



 


		2.2.1	The
                                         term of the trust loans under this contract shall not be expanded.



 


		2.3	Payment
                                         in advance



 


When the term of each loan expires
12 month, the borrower can pay back the total sum of the trust loan with written application a month in advance and written approval
of the lender.The borrower shall pay back the total loans and the interest of the lender as is stipulated in article 2.3.1 in
this contract, then the loans all end in advance.


 


Once the application for payment
in advance is submitted, it is irrevocable. When such application is approved by the lender in written form, the borrower shall
pay back the total loans one for all to the specific account of the lender on the advanced date which the lender approves to become
the payment date. After the lender receives the payments, the corresponding loans all end in advance. The trust loan interest
shall be calculated according to the actual loan days, with repayment of principal with interest.


 


		3	Precedent condition
                                         of disbursement



 


		3.1	Unless
                                         all the precedent conditions stipulated in this contract are all met or given up by the
                                         lender in written form, the lender has no obligation to disburse any loan under this
                                         contract to the borrower.



 


		3.2	After
                                         the lender meets all of the following precedent conditions, trust loans shall be disbursed
                                         to the borrower according to the ways stipulated in this contract.The loan amount shall
                                         not surpass 【the
                                         gold amount confirmed by both the consignor and PICC Property & Casualty×
                                         the base price of gold pledge ×75%】



 






    	 	 	 



     


    

 


		3.2.1	This
                                         trust plan is set up, and the consignor has disbursed fund for trust loan to the special
                                         account for trust fund.



 


		3.2.2	This
                                         Contract, Gold Pledge Contract, the Contract of Guaranty, Safe Deposit Box Rental Agreement,Funds
                                         Trusteeship Agreement, Financial Advisory Agreement, Gold Purchase Contract, Authorization
                                         Letter from the borrower to the lender andInsurance Contract all have been duly signed
                                         and notarized.Thereinto, This Contract, Gold Pledge Contract, the Contract of Guaranty
                                         are under compulsory executive notarization.



 


		3.2.3	The
                                         competent authority of the borrower has provided resolution on agreement on borrowing
                                         money and providing gold as pledge.



 


		3.2.4	Before
                                         the issue of the trust loans, the borrower has provided all the pledged gold as the pledge
                                         guarantee which is calculated by the loan-to-value ratio to the lender and has met the
                                         following demands: (i) to have deposited the pledge gold into the safe of Wuhan branch
                                         of the Industrial Bank or other safes rent by the lender in other banks (hereinafter
                                         referred to as pledge safe) (the password of the pledge safe and one of the keys are
                                         kept by the lender, and the other by PICC P&C), and before depositing the pledge
                                         gold into the safe, the related insurance is bound to be bought for the pledge gold according
                                         to the contract. (ii) the related procedures have been gone through in the Jiang’an
                                         branch of Wuhan Finance Bureau and the lender has gotten the Certificate of Registration
                                         of Chattel Mortgage.



 






    	 	 	 



     


    

 


		3.2.5	The
                                         consignor has provided written confirmation on the completion of instock pledge gold;
                                         the consignor has provided insurance policy on the completion of pledge gold insurance;
                                         the consignor has provided written confirmation on the completion of registration of
                                         gold pledge in Unified Registration System for Real Estate Financing in Credit Center
                                         of People’s Bank of China,; the consignor has provided agreement on the disbursement.



 


		3.2.6	The
                                         subscription money for the trust insurance fun is paid off.



 


		3.2.7	Legal
                                         opinion on this trust is acquired.



 


		3.2.8	Other conditions
                                         reasonably required by the lender.



 


		4	Disbursement of loans



 


		4.1	According to articles
                                         in this contract, the lender is supposed to grant the loans to the loan account of the
                                         borrower who has been confirmed to be in accord with the credit terms.



 


		4.2	If confirmed by the
                                         borrower, the lender is entitled to grant the credit loans on installments according
                                         to the capital arrangements, the actual fund raising situation, control standard, the
                                         borrower’s capital needs as well as fund position in the trust investment plan.
                                         The lender is also entitled to decide the amount of the trust loans and the day of granting
                                         the trust loans unilaterally. Meanwhile, the lender is entitled to reduce the trust loans
                                         or even refuse to grant part or all of the trust loans based on the management situation
                                         and bail payment of the borrower. The lender is not considered to have broken the contract
                                         in the above situations; therefore, the borrower cannot require the lender to shoulder
                                         the responsibility.



 






    	 	 	 



     


    

 


		4.3	Regardless of the
                                         above initiating loan prerequisites, the lender is entitled to initiate the loan ahead
                                         of the time when all the prerequisites have not been fully met; if the lender initiate
                                         the loans ahead of time, it neither means that the lender gives up the obligations in
                                         the contract nor the security does not fully or partially carries out the obligation
                                         and the security document of the contract. The lender is entitled to raise a plea, pursue
                                         legal actions and take a legal action against the borrower and the security at any time
                                         if they do not carry out or fully carry out the obligations in the contract as well as
                                         in the security document.



 


		5	The usage of trust
                                         loan



 


		5.1	The borrower shall
                                         use the trust loans under this contract to supplement circulating funds and purchase
                                         raw materials of AU9999 Standard Gold.



 


		5.2	The trust loans in
                                         the contract cannot be embezzled by the borrower. The borrower is supposed to promise
                                         that the trust loans shall be used according to the contract, which does not cover the
                                         overseas investment, stock investment, the real estate investment as well as steel trade.
                                         The investment of the trust loans cannot break the laws, legislations and cannot be invested
                                         in all the projects that the government prohibits and the government has not confirmed.
                                         The trust loans cannot be applied to the project that the trust loans have not been included.



 


		5.3	The lender is entitled
                                         to ask the borrower to issue the related documents and information according to the laws
                                         and the stipulation issued by regulatory authorities, which include but not limited to
                                         the contract/agreement, invoice/receipt, voucher, gold purchase certificate of Shanghai
                                         Gold Exchange and warehouse warrant of gold. The borrower shall grantee that the provided
                                         material should be real, correct, complete and effective so that the lender can supervise
                                         and verify the usage condition of the trust loans in the contract.



 






    	 	 	 



     


    

 


		6	Interest



 


		6.1	Trust loan
                                         interest rate



 


The trust loan interest rate under
this contract is annual interest rate 10.7615%.


 


The trust loan interest rate under
this contract is fixed, within the validity of the contract, trust loan interest rate shall not be adjusted.


 


		6.2	Interest
                                         calculation



 


		6.2.1	The trust loan
                                         interest under this contract is calculated by day, day interest rate



 


		6.2.2	The interest of
                                         each trust loans under this contract is calculated from their Respective value date for
                                         interest..



 


		6.2.3	Each loan interest
                                         under this contract is calculated separately. The interest corresponding to each loan
                                         is calculated from its corresponding value date for interest. And the interest is calculated
                                         and collected according to the actual working days of the trust loan fund.



 


		6.2.4	The calculating
                                         formula of interest each day is: interest each day= principal balance of this day's trust
                                         loan*day interest rate.



 


		6.2.5	If any sum of trust
                                         loan is failed to be paid to the Borrower on corresponding effective day of trust beneficiary
                                         right not due to the Lender (includes but no limited to that the Lender fails to realize
                                         loan prerequisite agreed in Article 3.2 of this Contract), the Borrower agrees to calculate
                                         corresponding anticipated interest losses during trust fund is not paid as scheduled
                                         according to loan rate agreed in this Contract and compensate the borrower. Base on this,
                                         both parties agree that in above-mentioned case both parties acknowledge the value date
                                         for interest of every sum of trust loan is the effective day of corresponding trust beneficiary
                                         right (subject to the day announced by the Loan).



 






    	 	 	 



     


    

 


		6.3	Payment
                                         of interest



 


Unless otherwise agreed in the contract,
if the trust loan granting date is between January 1st to July 30st and December 21st to November 31st in some year, then during
trust loan duration, the borrower should pay the payable interest of various trust loans under this contract according to the
following arrangement and should pay unpaid trust loan principals and remaining interest to the lender on the due date of various
trust loans or on the due date of all trust loans(including advanced due date).The details are as follows:


 


		6.3.1	Within five days
                                         after each trust loan is issued and within 3 days after the loan is disbursed, the interest
                                         amount the borrower should pay to the lender=the principal of this term of loan*0.5615%



 


		6.3.2	Within five days
                                         before the first day after each trust loan is issued, the interest amount the borrower
                                         should pay to the lender=the principal amount of the trust loan*10.2%*duration date from
                                         interest-calculating date(including) to the interest-settling date(excluding)of the trust
                                         loan/360.



 


		6.3.3	Despite the interest
                                         date stipulated in above articles in the trust loan duration, in the interest date of
                                         each trust loan, the interest amount the borrower should pay to the lender==the rest
                                         principal amount of this term trust loan*10.2%*duration date from interest-calculating
                                         date(including) to the interest-settling date(excluding)of the trust loan/360.



 


		6.3.4	If the lender pays
                                         back part of the trust loan in advanced due date in accordance with article 2.3 in this
                                         contract, the payment amount of advanced due date=the planned payment in advanced due
                                         date of principal amount of this term trust loan*(1+10.7615%* duration date from interest-calculating
                                         date (including) to the advanced due date of payment (excluding) of the trust loan/360.)
                                         – the interest that the borrower paid on the principle amount of advanced due date
                                         of this trust loan.



 






    	 	 	 



     


    

 


		6.3.5	On the due date
                                         of each trust loan(including advanced due date), the borrower should pay remaining interest
                                         and outstanding principals of all trust loans to the lender , paying amount =∑ principal
                                         amount of each trust loans*(1+10.7615%*duration date of each trust loans/360)- interest
                                         of this term of trust loan already paid by the borrower- principal of this term of trust
                                         loan already paid by the borrower.



 


		6.3.6	On the due date
                                         of all trust loans(including advanced due date), the borrower should pay remaining interest
                                         and outstanding principals of all trust loans to the lender , paying amount =∑ principal
                                         amount of each trust loans*(1+10.7615%*duration date of each trust loans/360)- interest
                                         already paid by the borrower- principal already paid by the borrower.



 


		6.3.7	In any circumstances
                                         (including but not limited to that the borrower paid the interest in advanced due date
                                         while the loan finished in advance), the lender will not return the interest paid by
                                         the borrower.



 


		7	Repayment



 


		7.1	The lender should
                                         repay each batch of trust loan principal and/or interest to the account specified by
                                         the lender according to the contract. Unless otherwise agreed in the contract, the date
                                         which the trust loan principal or interest arrive at the designated account is the actual
                                         repayment date.



 






    	 	 	 



     


    

 


		7.2	The trust loan principal
                                         and interest repaid by the borrower should be remitted to the following account specified
                                         by the lender:



Account name: Sichuan Trust Co.,
Ltd.


Deposit bank:


Account number:


If the lender adjusts the above
repayment account, the repayment account should be subject to Paying Notice sent by the lender.


 


		7.3	The money repaying
                                         the trust loan comes from the sales income of the borrower, cash flow produced through
                                         processing Standard Gold of which purity is 99.99% into cash or other capital which can
                                         be used to repay the loan.



 


		8	Loan Guarantee



 


		8.1	The
                                         borrower’s payment obligations for principal and interests of all trust loans as
                                         well as other payables (including but not limited to payment obligations for overdue
                                         interests, default interests, liquidated damages, damage awards, all expenses incurred
                                         for the Lender’s credit realization, and payables by all other borrowers), shall
                                         be guaranteed by the borrower with its legally owned and pledged standard gold, with
                                         the Guarantor offering personal joint liability guaranty. In case the borrower fails
                                         to fulfill or incompletely fulfill principal and interest payment obligations for any
                                         trust loan hereunder or part or all of payment obligations for other payables, or in
                                         case of other default circumstances under this Contract or Gold Pledge Contract,
                                         the Lender shall be entitled to implement the right of pledge for all gold pledged it
                                         will occupy on the occasion, and request the guarantor to bear joint liability guaranty.



 


		8.2	The
                                         Company is required to pledge of Au9999 gold as collateral to secure this loan



 


		8.2.1	The borrower shall
                                         properly sign Gold Pledge Contract with the Lender and provide pledged gold in
                                         relevant sum calculated according to pledge rate of such loans as pledge guarantee, and
                                         store such pledged gold into hostage safe box; the specific amount of pledged gold in
                                         all batches shall be subject to Hostage List attached to Gold Pledge Contract
                                         (the quality and quantity of pledged gold are subject to the common verification
                                         of the consignor and PICC Property&Casualty). All hostage lists serve as an integral
                                         part of this Contract with the same legal force. The Lender shall release corresponding
                                         trust loans upon registration of pledge for gold in each batch in accordance with Withdrawal
                                         Application; any batch of pledged gold shall be guaranteed with all payment obligations
                                         hereunder.



 






    	 	 	 



     


    

 


		8.2.2	The amount of each
                                         loan. The value of pledge shall be determined by the lower price between the 30-day average
                                         of Shanghai Gold Exchange AU(T+D) and the Gold Price at 15:30 of the Pledge Gold on previous
                                         transaction day of Pledge Day. For the convenience to calculate the amount of pledge
                                         gold, the pledge rate of each loan is calculated separately. The pledge rate is=the rest
                                         principal of this trust loan/( the lower price between the 30-day average of Shanghai
                                         Gold Exchange AU(T+D) and the Gold Price at 15:30 of the Pledge Gold on previous transaction
                                         day of Pledge Day,)



 


		8.2.3	The borrower shall
                                         properly sign Insurance Contract with PICC regarding pledged gold upon signature
                                         of this Contract and handle notarial acts, and purchase property insurance from PICC
                                         with the borrower as sole beneficiary for quality, purity, weight and risks on damages,
                                         loss, robbery of pledged gold in related batch (including those added) during the pledge
                                         period prior to delivery of any batch of pledged gold to hostage safe box (i.e. prior
                                         to the Lender’s release of any loan by this Contract), or prior to provision of
                                         adding pledged gold to the Lender by this Contract; the amount of insurance claims =
                                         the lower price between the 30-day average of Shanghai Gold Exchange AU(T+D) and the
                                         Gold Price at 15:30 of the Pledge Gold on previous transaction day of Pledge Day * 80%
                                         of weight of this pledged gold. The insurance period of any batch of pledged gold is
                                         one year (inclusive) from its pledge day, the Lender needs to renew the insurance 1 month
                                         before expiry of its insurance period, which shall be no less than 1 year, and the relevant
                                         original copy of insurance policy is to be kept by the consignor, or the borrower is
                                         considered as default, then the lender is entitled to request the borrower to pay off
                                         the principal and interest of the trust and other payables in advanced due date and take
                                         corresponding responsibilities.



 






    	 	 	 



     


    

 


		8.3	Marking to Market



 


The basis of calculation of separate
precautions line, the open line and each precaution line of this trust stand the same, namely, the precaution line is 1.2 times
of the pledge price; and the circulation basis of each open line, namely, the open line is 1.173 times of the pledge price. And
in this trust, the lender should take the responsibility to mark the market, and the price is adopted as following: the closing
price of this contract at 15:30 in the previous trading day afternoon of the Shanghai Gold Exchange Standard Gold if there is
no night market, or closing price of this contract at 2:30 on this trading day morning of Shanghai Gold Exchange Standard Gold
if there is night market.


 


		8.3.1	Precaution operations



 


The borrower has the obligation
to make up the gold pledged when the pledging rate is above 80% to make it equal or less than 70% before 10:30am same trading
date; if it reaches to the closing line, if the borrower did not add up pledged gold to less than 70%, the creditor has the right
to dispose the gold pledged


 


		8.3.2	Close
                                         position



 


If the gold price falls down under
(include) the openline of any loan, the borrower should deposit additional margin to the trust account before 10:30 in the morning
of this trading day until the total amount of pledge value mentioned above and the additional cash deposit is 1.173 times the
pledge price, or the lender will inform the consigner and begin the process of pledge disposal in accordance with the consigner’s
order.


The borrower confirms that any batch
of the pledge gold under this contract is the guarantee for the entire obligation to pay.


 


		8.3.3	If
                                         the borrower refuses or failed to deposit the payable additional margin timely as the
                                         contract requires, the lender has the right to claim that all the trust loan under the
                                         main contract is early due, and all the interest of the loan should be early repaid,
                                         and requires the borrower to immediately perform all the payment obligation under the
                                         main contract, meanwhile lender is entitled to exercise mortgage to all the pledge gold
                                         and use funds gained from realizing hostage to pay off all unpaid payable amounts of
                                         the borrower under the Main Contracts for priority. If the fund is not sufficient to
                                         pay off the items above, then the borrower directly pay lender the rest.



 






    	 	 	 



     


    

 


If any circumstances mentioned above,
namely pledge preservation delay, not timely or not sufficient additional margin occurs to the pledge gold of any loan, the lender
is entitled to claim that the entire loan under the main contract is early due and exercise mortgage to all the pledge gold, and
has the priority to use funds gained from realizing hostage for compensation.


  


		8.3.4	The
                                         additional margin paid by the borrower shall be paid into following bank account of the
                                         Lender:



 


Account Name: Sichuan Trust Co.,
Ltd.


Opening Bank:


Account No.:


 


If the above-mentioned bank account
is needed to be changed, the Lender shall notify the borrower in written 5 working days in advance.


 


		8.3.5	If
                                         the borrower completes all the gold pledge, insurance obligations and corresponding complements
                                         and call margin obligations according to the agreements of this Contract, after the principal
                                         and interest of any sum of loan has been fully paid and the borrower has performed all
                                         the payment obligations corresponded to the loan, the Lender is entitled to decide release
                                         the pledge of corresponding gold provided by the borrower in advance, however, the pledge
                                         rate of this loan shall be below 75% (included) after discharging the gold.



 






    	 	 	 



     


    

 


		8.4	Warranty



 


Mr. Jia Zhihong, the actual control
of the Borrower, provides irrepealable joint liability guarantee for all payment obligations under this Contract.


 


		9	Payment



 


		9.1	The
                                         lender and the borrower shall pay relevant taxes and fees in accordance with the provisions
                                         of the law in China.



 


		9.2	Trust
                                         loans cost involved under this contract including but not limited to notary fees, legal
                                         fees, audit fees, rent, insurance fee, registration fee, enquiry fee and service fee
                                         shall be bear and paid by the borrower.



 


		9.3	The
                                         borrower under this contract shall pay all the money that should be paid in full and
                                         should not be attached to any claim or limit and shall not have any nature of tax deduction
                                         or withholding under this contract.



 


		9.4	When
                                         the borrower pay a certain sum of accounts payable to the lender according to the provisions
                                         of this contract (including but not limited to breach of contract, damage awards, penalty
                                         interest, interest, principal), if the day of accounts payable is not the day of the
                                         working day of the lender, it will postpone to the next succeeding working day. Trust
                                         loan principal and interest will continue to calculate the interest during expansion
                                         period in accordance with this contract.



 


		9.5	When
                                         the borrower pay a certain sum of accounts payable to the lender according to the provisions
                                         of this contract (including but not limited to breach of contract, damage awards, penalty
                                         interest, interest, principal), the borrower should pay to the account designated by
                                         the lender in the day of the cash paymen tand send a copy of the payment voucher copy
                                         or the copies of the seal of the unit to the lender on the same day.



 






    	 	 	 



     


    

 


		9.6	When
                                         the borrower’s repay money is not enough to pay off all the due payable amount
                                         under this contract (including but not limited to the trust loan principal, interest,
                                         default interest, liquidated damages, damages, the cost of the creditor's rights, etc.),
                                         the lender shall have the right to use the money to return the other payables (including
                                         the cost of the creditor's rights, penalty interest, damages, liquidated damages, etc.),
                                         interest and principal and etc. in order.



 


		10	Capital Regulation



 


		10.1	The
                                         Trust will not monitor the bank account for the loan.



 


		11	Representations and
                                         Warranties matters



 


		11.1	The
                                         borrower make the following statement and guarantee to the lender in the date of this
                                         contract signed , and confirm that the lender conclude the following contract relying
                                         on the representations and warranties, and these statements and guarantee are continuous
                                         effective during the effective period of this contract and the subordinate contracts.



 


		11.1.1	The
                                         established and validly existing enterprise as a legal person according to the laws and
                                         regulations of the People's Republic of China, the borrower system has the right to punish
                                         all its property completely and engage in its business license in the rules of business;
                                         As of each loan issuing date of this contract, the borrower is in normal operation condition.
                                         There is no any existing or reasonable expectations that may lead to the borrower in
                                         the trust loan term cannot continue to operate normally.



 






    	 	 	 



     


    

 


		11.1.2	The
                                         borrower shall have the right to sign and perform this contract and the relevant financing
                                         documents. All the necessary measures and other action have taken, making it has all
                                         the necessary rights and authorization to sign and perform this contract, which complies
                                         with the firm’s regulation.



 


		11.1.3	Signing
                                         and performing this contract is voluntary by borrowers, is their true meaning, and passes
                                         all the necessary legal authorization. the authorization and authorization to sign and
                                         perform not contrary to the borrower under the articles of association or any laws and
                                         regulations or the contract binding upon the borrower. The formalities that used to sign
                                         and perform this contract by the borrower are to be completed legally and fully effective.



 


		11.1.4	Except
                                         that has disclosed to the lender and the lender in writing to sign for the situation
                                         of the disclosure document records, borrowers did not hide any that has occurred or is
                                         about to occur may make lenders don't agree to grant trust loans under this contract
                                         of the following events:



 


(1) There is no event of default
has occurred by the borrower and no event of default reasonably expected for any withdrawal under this contract ;There is no other
binding agreement or other documents constitute a default under, and may cause serious adverse effects of other events or circumstances;


 


(2) The borrower violate the
obligations that signed by him and other creditors under this credit and debt agreement;


 


(3) Any pending litigation,
arbitration, administrative procedures, judicial execution of the program /or the administrative authority of similar nature/or
other legal process;


 






    	 	 	 



     


    

 


(4) The borrower and its shareholders,
actual controllers do not have the illegal/unlawful behavior and other events that Can be reasonably expected by the borrower
and its shareholders, actual controllers, their actions fault caused by it in the process of litigation, arbitration and administrative,
judicial and/or administrative organs of the executable program and/or other legal proceedings with similar properties ;


 


(5) The borrower bear debt,
contingent liabilities, or to a third person to provide mortgage, pledge, and other guarantee;


 


(6) Other financial condition
affecting the borrower and solvency.


 


		11.1.5	All
                                         documents, data, reports and documents to the lender for the trust loans under this contract
                                         provided by the borrower are accurate, true, complete and effective;There are no misleading
                                         and no any missing important facts.



 


		11.1.6	The
                                         obligation is the duty of legal and valid under this contract of the borrower and it
                                         has the legally binding; the borrower did not involve any liquidation, dissolution, merger,
                                         division or similar legal process; The borrower did not involve in that has a significant
                                         adverse effect of civil, criminal, administrative litigation or arbitration proceeding
                                         to the borrower's ability that perform this contract.



 


		11.1.7	Whether
                                         the borrower has been or will counter guarantee agreement or similar agreement with the
                                         guarantor for its warranty obligations under this contract. The agreement will not damage
                                         the lender in any of the rights and interests under this contract on the law or fact.



 






    	 	 	 



     


    

 


		11.1.8	Any
                                         important asset of the borrower is not involved in any enforcement, property preservation,
                                         sealing up, distaining, lien, regulation, or deduct the deposit by financial institutions.



 


		11.1.9	The
                                         borrower promises that its creditor's rights of the guarantor/issuer is inferior to creditor's
                                         rights of the guarantor by the borrower in trust loans surviving period.



 


		11.1.10	The
                                         borrower agrees that the lender inquire the borrower's credit standing in the People's
                                         bank of China and approved by the competent department of credit investigation to establish
                                         credit database or the relevant units and departments and agrees that the lender provide
                                         the borrower information to the People's bank of China and approved by the competent
                                         department of credit investigation to establish credit database. And borrower agrees
                                         that the lender can reasonable use and disclose the borrower’s information for
                                         business needs.



 


The borrower guarantees that they
repay the full specified amount trust loan principal and interest in accordance with the contract on time; The lender shall have
the right to be notified to the relevant department or unit, has the right to make announcement collection through the news media
for borrowers default loan principal and interest of the trust or other default situation.


 


		11.1.11	The
                                         borrower promise that they were aware and fully understand the Management Method
                                         and regulatory rules, and guarantee that they will pay full assurance fund amount on
                                         schedule.



 






    	 	 	 



     


    

 


		11.1.12	The
                                         borrower assures: (1) the propriety and the right to disposal pledge gold, and that the
                                         consideration of pledge gold is paid. The pledge gold is freely circulated and not belongs
                                         to the objects which are forbidden or restricted to circulate by the laws, regulations,
                                         and the national policy. There is no controversy on the ownership of the pledge gold,
                                         or any encumbrances, defect or restriction of right; (2) before the gold is pledged to
                                         the lender, the gold has never been transferred, gifted or pledged in else places, neither
                                         did the borrower sign similar contracts; after the gold is pledged to the lender, the
                                         gold should not be transferred, gifted or pledged in else places, and borrower should
                                         not sign similar contracts. Any behavior that may damage the pledge rights and the right
                                         and interest of lender is prohibited.



 


		11.2	The
                                         borrower hereby further represents and warrants from the day of signing this contract
                                         to the day of all payments are paid off under this contract that will observe each item
                                         stipulated in article 11.1 above statement and guarantee correctly and fully in accordance
                                         with the situation at that time unless the lender in writing to give up.



 


		11.3	The
                                         borrower should undertake to renew the insurance for the pledge gold if meet with the
                                         due date of insurance when settling the pledge gold. The renewal of the insurance duration
                                         will allow the party to settle all the pledge gold.



 


		12	The Agreed Items



 


In addition to the other terms and
conditions of this contract, during the period of the trust loan, the following items will be further agreed between the borrower
and lenders:


 


		12.1	The
                                         lender can check and understand the use of the loan at any time in a variety of reasonable
                                         ways; the borrower have to actively cooperate with the lender to make the lender understand
                                         the usage of the loan and their operating conditions according to the reasonable requirements
                                         of the lender to provide the relevant materials.



 






    	 	 	 



     


    

 


		12.2	During
                                         the period of the credit loan, without the prior written consent of the lender, the borrower
                                         could not use their legal standard gold to provide a guaranty to other people except
                                         the lender. When the borrower dispose of the major material assets, and change the practical
                                         control right and so on, they should get the written consent of the lender in advance.



 


		12.3	Before
                                         the borrower repay all the trust loan principal and interest under this contract, such
                                         as taking actions like contracting, leasing and the reform of the shareholding system,
                                         joint, combination, merger, division, joint venture, material assets transferring, control
                                         rights transferring, application for closure, application for dissolution, application
                                         for bankruptcy, and other actions which enable to cause the changes of creditors’
                                         rights and debt relations or the influences on the implementation of the creditors’
                                         rights of the lender, they should give written notice to the lender in advance, and obtain
                                         the consent of the lender, at the same time, carry out the liquidation liabilities or
                                         debts in advance, otherwise they cannot take the above listed actions.



 


		12.4	The
                                         borrower should ensure that the submitted financial statements to the lender are drawn
                                         up in accordance with Chinese accounting standards.



 


		12.5	The
                                         borrower should promise that they will not dissolute, liquidate, and influence the lender’s
                                         rights and interests before they make the preserved measures on the loan creditor's rights
                                         without the prior written consent made by the lender.



 


		12.6	The
                                         repayment order of the debt under the items of this contract is prior to the debts of
                                         the borrower to its shareholders, at the same time, the borrower pledge that they will
                                         not violate the normal repayment order to pay off the other loans preferentially. What’s
                                         more, they will not sign any contract or agreement which will make the trust loans under
                                         this contract lie in a subordinate or inferior position at present and in the future.



 


		12.7	If the following
                                         situations occur, the borrower should notify the lender in 5 business days:



 






    	 	 	 



     


    

 


		12.7.1	The events, such
                                         as major legal litigation, arbitration or administrative disposal programs or deduction
                                         of the deposits by the financial institutions which influence the lender’s interests;



 


		12.7.2	If any default
                                         event appears under this contract, the borrower should explain the nature and duration,
                                         and explain what action has been taken or what measures will take;



 


		12.7.3	When the borrower
                                         is aware of himself or any important assets having been involved in any legal proceedings
                                         or arbitration proceedings, enforcement or seizure or detainment or other similar measures,
                                         the borrower should inform the lender in written notice according to the provisions of
                                         this article, besides, they should also list the constituted influences or the possible
                                         influences in detail and the remedial measures which have been taken or planned to take;



 


		12.7.4	If the borrower
                                         have economic disputes with a third person for the economic activities or accidental
                                         events which affect the borrower to carry out business activities normally, such as production
                                         halts, closure, the cancellation of registration, revoking the business license, engagement
                                         in the illegal activities of the legal representatives or the principal persons, involving
                                         major litigation activities, appearance of the serious difficulties in the production
                                         and business operation, deterioration of the financial conditions, etc;



 


		12.7.5	Any event that
                                         may happen or has happened, which has an effect on the borrower’ normal repayment;



 


		12.7.6	If the borrower
                                         need to change the legal representatives, the authorized representatives, correspondence
                                         address, name of the unit, or the major changes in the financial and personnel aspects,
                                         and the changes in the articles of association of the borrower;



 






    	 	 	 



     


    

 


		12.7.7	If the guarantor
                                         under this contract appear the situations of production halts, closure, the cancellation
                                         of registration, revoking of the business license, bankruptcy and operating loss, and
                                         loss the corresponding guaranteed capabilities related to this loan partly or completely,
                                         the borrower should timely provide the other guaranteed measures approved by the lender.



 


		12.8	Without the written
                                         consent of the opposite side, both sides should not disclose the opposite side’s
                                         business secrets to third parties, including operating information, management information,
                                         technical information, customers’ information and other business information which
                                         can bring economic benefits and are not known by the public, except that lender provides
                                         materials or discloses information to the agent institutions like law firms, or the lender
                                         (beneficiary) following the laws, regulations, stipulations or the request of competent
                                         authority.



 


		12.9	The borrower state
                                         here in particular, once the borrower breach the contract or the borrower do not repay
                                         the trust loan principal and interest stimulated by the contract, and the borrower themselves
                                         have no enough property to repay the debt, with regard to any creditor’s right,
                                         receivables, and other property rights possessed by the borrower in allusion to the third
                                         party, the lender has the preferred subrogation to reimburse rights.



 


		13	Events of default



 


		13.1	Any one of the following
                                         events shall form the borrower’ default of this contract:



 


		13.1.1	If the borrower
                                         appears the big earnings volatility and significant legal litigation which affect the
                                         abilities of the borrower to perform the obligations under this contract;



 


		13.1.2	If the borrower
                                         violates the provisions of this contract, without the written consent of the lender,
                                         arbitrarily uses or transfers loan funds in the special account;



 






    	 	 	 



     


    

 


		13.1.3	If the borrower
                                         fails to repay the credit loan principal and interest, overdue interest, default interest,
                                         liquidated damages and any other payables in accordance with the provisions of this contract,
                                         the cognizance of such default is applicable to any loan. That is to say, the delay or
                                         underpay of any loan’s principal and interest, overdue interest, penalty interest,
                                         liquidated damages and any other payables under this contract shall constitute a fundamental
                                         default of this contract, and the lender have the right to take measures according to
                                         the article 14;



 


		13.1.4	If any important
                                         asset of the borrower has been involved in any enforcement, sealing up, distrain, lien,
                                         regulated measures or similar measures;



 


		13.1.5	If the borrower
                                         do not totally disclose all the debts connected with the company, such as the lender’
                                         compulsory enforcement by other creditors’ applying to the people’s court
                                         due to the borrower or other persons’ debts, the borrower shall bear the liability
                                         for default of the contract, and pay liquidated damages to the lender according to five
                                         percent of the total trust loans’ principal.



 


		13.1.6	Any representation
                                         or warranty made by the borrower under the items of this contract is incorrect, untrue,
                                         misleading, violated, or the representation or warranty has been proved to be incorrect,
                                         untrue, misleading, and violated when they are made or considered to be made, and has
                                         caused that the reasonably expected trust loan principal and interest can not be fully
                                         repaid.



 


		13.1.7	Because of the
                                         changes in the laws or the executive orders of any government, the business situations
                                         of the borrower or any of their important assets have changed significantly or possible
                                         events or situations which may lead to the big changes. However, the changes, events,
                                         or situations have been considered by the lender reasonably to have constituted or possibly
                                         constitute the significant adverse impacts on the borrower’ repaid capabilities
                                         under the items of the contract;



 






    	 	 	 



     


    

 


		13.1.8	The borrower does
                                         not materially comply with or perform any one of its commitments and obligations under
                                         the items of this contract;



 


		13.1.9	Without the written
                                         consent of the lender, the borrower sets the guaranteed interests on the fixed assets
                                         formed by main assets or the trust loans under the items of this contract happened some
                                         events which have produced significant adverse impacts on the performed capabilities
                                         on the obligations under the items of this contract;



 


		13.1.10	The borrower
                                         are ordered to terminate the business due to going out of business, dissolution, cancellation,
                                         closure of the business, bankruptcy and other reasons;



 


		13.1.11	The borrower’s
                                         legal representatives or the principal persons escape, disappear, suspect of a crime,
                                         and be taken compulsory measures;



 


		13.1.12	The borrower
                                         or the guarantor have involved in or is about to involve in major litigation, arbitration,
                                         and other legal disputes;



 


		13.1.13	The borrower
                                         appears some big events or situations of default which fail to perform the borrowing
                                         or financing made with other financial institutions or the obligations of guaranty contracts,
                                         etc.;



 


		13.1.14	Without the lender’s
                                         consent, the borrower change the purpose of the loan arbitrarily, or use the loan to
                                         proceed illegal and improper trading;



 


		13.2	If the guarantor
                                         appears one of the following circumstances, the borrower shall be considered to default
                                         under this contract, and the lender shall have the right to take relieved measures stipulated
                                         by this contract:



 






    	 	 	 



     


    

 


		13.2.1	The guarantee
                                         which are not established, inactive, invalid, being dismantled and lifted under the items
                                         of this contract; the guarantors default or clearly indicate or show that they will not
                                         fulfill the guaranteed responsibility; or the guarantor or warrantor loss part or all
                                         of the guaranteed qualifications; the collateral value reduces or appear some other changes;
                                         what’s more, within the time schedule made by the lender, the borrower does not
                                         supple according to this contract’s stipulation or fail to timely provide new collateral
                                         or take other preserved measures of creditors’ rights approved by the lender;



 


		13.2.2	The borrow underwrites
                                         insurance for the pledge gold and renew in time, which is not in accordance with the
                                         contract;



 


		13.3	Cross default



 


The guarantor who appears the below
or any kind of situation in the agreement of 13.1 or 13.2in this contract shall be regarded as the borrower’s default of
this contract, and the lender has the right to call in the loan ahead of the contract’s schedule and require the borrower
to take the defaulting responsibilities:


 


		13.3.1	Any loan, financing
                                         or debt has defaults;



 


		13.3.2	Any guarantee
                                         or similar obligation is not performed;



 


		13.3.3	Failing to perform
                                         or violate the relevant debt guarantees and other legal documents or contracts having
                                         similar obligations;



 


		14	Liabilities for default



 


		14.1	If one or several
                                         default items occur listed in article 13 of this contract, the lender has the right to
                                         take one or more remedial measures according to the actual situation of the borrower’
                                         default. The borrower should bear the corresponding responsibilities for default of the
                                         contract.



 






    	 	 	 



     


    

 


		14.1.1	If the borrower
                                         fails to fully repay any loan’s principal and interest or the other payables in
                                         time under the items of this contract in accordance with the stipulation of this contract;
                                         or fail to fully supply any additional gold pledge and margin in time, or fail to timely
                                         buy insurance or extend insurance time limit for any pledged gold; and fail to correct
                                         the defaulting behaviors and remedy according to the requirements of the lender within
                                         the time limit specified by the lender, the lender shall have the right to declare all
                                         trust loans under the items of this contract expire in advance immediately, and withdraw
                                         all the trust loans’ principal balance and the unpaid part in all the interest
                                         payable according to the calculation stipulated by this contract, overdue interest, penalty
                                         interest, liquidated damages and any other payables in advance from the lender, and the
                                         immediate recourse to the borrower through various forms.



 


		14.1.2	If the borrower
                                         violates the provisions of this contract without the consent of the lender, and arbitrarily
                                         use or transfer the loan funds of special accounts, the lender shall have the right to
                                         take back all or part of the loan ahead of schedule. At the same time, from the date
                                         of arbitrarily use (transfer) of the loan, according to the amount of the use (transfer)
                                         and actual days of the use (transfer), the lender shall calculate and collect the penalty
                                         interest from the borrower in the light of the thousandth of the use (transfer) fund
                                         every day, until the borrower returns all the use (transfer) funds to the lender. The
                                         lender’s collecting penalty interest from the borrower shall not influence the
                                         lender’s any other rights under the items of this contract.



 


		14.1.3	During the period
                                         of the trust loan, if the Borrower fail to pay interest within the time limit prescribed
                                         in this contract, as to the overdue interest part, during the overdue period, the Lender
                                         shall have the right to add one thousandth penalty interest every day on the basis of
                                         the original overdue loan interest stipulated in article 6.4 from the overdue date.



 






    	 	 	 



     


    

 


		14.1.4	If the Borrower
                                         fails to repay the trust loan principal according to the stipulation of this contract,
                                         as for the overdue part of the trust loan principal, during the overdue period, the Lender
                                         shall have the right to add one thousandth penalty interest every day on the basis of
                                         the original overdue loan interest stipulated in article 6.4 from the overdue date.



 


		14.1.5	According to the
                                         provisions of this contract or guaranteed documents, it requests the Guarantor to bear
                                         guaranteed responsibilities, including the ways of selling off and auctioning the pledged
                                         gold, the borrower’ agreement on the discount of the pledged gold, or entrust the
                                         members in Shanghai Gold Exchange to sell the pledged gold at the market price in the
                                         open gold market to perform the right of pledge, or requests the Guarantor to bear the
                                         joint guaranteed responsibilities.



 


		14.1.6	Other remedial
                                         measures stipulated by the relevant laws and regulations and this contract.



 


		14.2	After the Lender
                                         took the default measures stipulated by the preceding articles, the Borrower still cannot
                                         make up for the loss to the Lender, and they have the right to continue to pursue of
                                         recovery to the Borrower about the failing repay part.



 


		14.3	Because of any party’s
                                         default making the opposite party adopt the litigated ways to realize the creditors’
                                         rights, the default party should bear the reasonable costs paid by the opposite party,
                                         including but not limited to legal fares, property preservation fee, auction fee, attorney
                                         fees, travel expense, copying charge, and printed materials fees, etc.



 


		15	Special stipulations



 


		15.1	When the news media,
                                         such as the documents, newspapers or web sites sponsored by the state council and its
                                         ministries and commissions, provincial government (including the municipalities directly
                                         under the central government and autonomous regions), the people's bank of China, China
                                         banking regulatory commission and other financial regulatory institutions ,report the
                                         industrial policies of the state’s prohibition or restriction on the investment
                                         of the related industries or series of enterprises, the lender could suspend, discontinue,
                                         and terminate the debts’ issue or recover the loan ahead of schedule to the borrower
                                         of the related industries or series of enterprises.



 






    	 	 	 



     


    

 


		15.2	The borrower agrees
                                         that the lender could use and save credit information because of the loan application
                                         and post-loan management query.



 


		15.3	The reasons, such
                                         as the irresistible forces, stoppages of the communications or network, or system faults
                                         of the lender, lead to the failures to issue loans or conduct the payments in accordance
                                         with the stipulations of this contract, the Lender shall not take the responsibility,
                                         but should promptly notify the borrower to take remedial measures.



 


		16	Supplement, Modification
                                         and Transfer of the contract



 


		16.1	After the contract
                                         entries into force, the parties can modify or supplement the contents of the contract
                                         on the basis of consensus. If the provisions of the contract are inconsistent with the
                                         regulations of the law, a supplementary contract should be timely consulted and signed
                                         to perfect the contract. For matters not covered in this contract, both parties can sign
                                         a supplementary contract. The supplementary contract is an integral part of this contract,
                                         and it has the same legal effect as the contract. If the supplementary contract is in
                                         conflict with the contract, the supplementary contract shall prevail. In this contract,
                                         when this contract is mentioned, any effective revisions and supplements to this contract
                                         should be included.



 


		16.2	Without the written
                                         consent of the Lender, the borrower may not transfer any rights and obligations under
                                         this contract.



 






    	 	 	 



     


    

 


		16.3	The lender is entitled
                                         to transfer the rights and obligations under this contract to any other party without
                                         the agreement of the borrower, however the borrower should be informed about this.



 


		17	Notices



 


		17.1	unless there are
                                         other provisions in the contract, otherwise, all notices between the two parties under
                                         the terms of the contract shall be in written form, which can be delivered by people,
                                         registered letters, express mail service, and fax can be as an auxiliary way, however,
                                         it must have a supplementary delivery according to the agreed ways in the contract. The
                                         notices on the following dates shall be deemed to be the dates of service:



 


		(1)	The notices
                                         delivered by people are an effective delivery on the delivery date.



 


		(2)	The notices
                                         delivered by registered letter (postage paid) are effective delivery on the seventh day
                                         after they are delivered (as indicated by the postmark).



 


		(3)	The notices
                                         issued by express mail service (postage paid) are effective delivery in the third days
                                         after being delivered (as indicated by the postmark).



 


		(4)	The notices
                                         sent by fax are effective after they are delivered.



 


		(5)	Using the above
                                         methods to send notices at the same time, the fastest one reaches the receiver is effective.



 






    	 	 	 



     


    

 


		17.2	The notices under
                                         this contract shall be delivered according to the following address; if some changes
                                         need to be done, the party who wants to change shall notify the other party in written
                                         way and three working days in advance. The losses caused by the failure to notice in
                                         time are bore by the party who changes the correspondence address or the contact ways.



 


Lender: Sichuan Trust Co., Ltd.


Correspondence address: Room B1511, Oumei Center, EAC,
Hangzhou City.


Postcode: 310000


Telephone numbers: 0571-85238957


Fax: 0571-85238957


Recipient: Zhu Pan


 


Borrower: Wuhan Kingold Jewelry Co., Ltd.


Correspondence address: Special
No. 15 of Huangpu Science and Technology Park, Jiang’an District, Wuhan City


Postcode: 430023


Tel:


Fax: 027-65694977


Recipient: Hu Qiao


 


		18.	Compulsory
                                         execution notarization



 


With the confirmation of the borrower
and the lender, both parties have complete understanding on the meaning, content, procedure, responsibility and effect of the
laws, rules, regulations have on compulsory execution effect and executive certificate. The borrower and the lender conduct notarial
process on this contract and enforce it with effect after signing this contract with consent. The borrower does not have disagreement
on the obligations under this contract. If the borrower does not or not fully perform his obligation under the main contract,
or the borrower does not or not fully perform his obligation under this contract, or when the hostage is realized as is agreed
in this contract happens, the lender is entitled to apply the people’s court with jurisdiction for compulsory execution
with this contract and executive certificate under notarization. The borrower should accept the compulsory execution and abstain
the right to defend on his own accord. The cost for compulsory execution process is assumed by the borrower.


 






    	 	 	 



     


    

 


		19.	Other matters



 


		19.1.	This contract is
                                         effective after the legal representatives or authorized representatives of both parties
                                         signed or sealed and stamped with official seal and special seal for contractual use,
                                         and it terminates until trust loan principal, interest, penalty interest, liquidated
                                         damages and all the other obligations of payment have been fulfilled.



 


		19.2	If both parties
                                         produce differences to the provisions of this contract and that has come to the “significant”,
                                         “substantial”, “serious” standards and so on, the lender's interpretation
                                         shall prevail.



 


		19.3	When disputes arise
                                         during the performance of this contract, and they can be resolved through consultation,
                                         if it doesn’t work, either party shall file a lawsuit to the people's court having
                                         jurisdiction over the place where the lender has his domicile. During the proceeding,
                                         the terms that do not involve the dispute in the contract shall still be fulfilled.



 


		19.4	The contracts, memos,
                                         commitments and other binding legal documents which have come into force signed by the
                                         borrower or Lender on the matters under this contract shall be an integral part of this
                                         contract.



 


		19.5	Once the contract
                                         has been signed, it shows that the two parties have read this contract in full and detail,
                                         do not have any doubt and ambiguity on all terms in the contract, and have accurate and
                                         correct understanding on relevant rights, obligations and responsibilities of both parties.



 






    	 	 	 



     


    

 


		19.6	This contract has
                                         six original copies, two copies belong to the lender, and one copy is kept by the borrower,
                                         and the rest are used for conducting notarization and other procedures, and each one
                                         has the same legal effect.



 


		19.7	Loan application
                                         form, IOU, and other relevant documents and data provided by the borrower are integral
                                         parts of this contract.



 


(The remainder of this page is intentionally
left blank.)


 




    	 	 	 



     


    

 


(No text in this page, signing page of No.
SCXT2019(DXD)Zi. No.1-2 Trust Loan Contract)


 


When signing this Contract, both parties read
and know all the articles in this Contract, have no objection, and accurately understand all legal implications of all articles
related to legal relations, related rights, obligations and responsibilities between both parties.


 


The lender: Sichuan Trust Co., Ltd.(Seal)


 


Legal Representative or Authorized Representative
(Signature or Seal):


 


The borrower: Wuhan Kingold Jewelry Co., Ltd.
(Seal)


 


Legal Representative or Authorized Representative
(Signature or Seal) :


 


Sign Date: Month 1 Day 24 , 2019


 


Place of signing: Wuhan