Exhibit 10.16





Entrusted
Loan Agreement


 


	Principal
    (Party A):	Beijing
    Zhongguancun Technology Financing & Guarantee Co., Ltd.
	Legal
    representative:	Duan
    Hongwei
	 	 
	Trustee
    (Party B):	Bank
    of Beijing Co., Ltd. Shuangxiu Branch
	Legal
    representative:	Zhou
    Bo
	 	 
	Borrower
    (Party C):	Beijing
    REIT Technology Co., Ltd
	Legal
    representative:	Li
    Hengfang


  


		A.	Entrusted
                                         loan amount



Party
A entrusts Party B to issue a loan to Party C based on the conditions under this Agreement, by using the fund which Party A
saved in the bank account that it opened at Party B, and the loan amount under this Agreement is RMB
15,000,000.


		B.	Loan
                                         period:



		B.1	The
                                         loan period of this Agreement is 6 months, from October 23, 2017 to April 23, 2018, commencing
                                         from the date of its first withdrawal.



		C.	Interest
                                         rate, service fee and tax:



		C.1	The
                                         interest rate under this Agreement is an annual rate of 5.655%.



		C.2	Party
                                         B will charge a service fee based on an annual rate of 0.08%  for the loan amount and
                                         loan period agreed upon under this Agreement, which is RMB 12,000.



		C.3	The
                                         stamp tax under this Agreement shall be bore by Party C.



		D.	Loan
                                         plan:



The
loan amount, which is RMB 15,000,000, shall release on October 23, 2017.


		E.	Use
                                         of loan



The
loan shall be used for working capital, and Party C shall satisfy the loan by its sales revenue.


F.       Repayment
plan:


The
loan shall be paid off at a fixed date, and all the principal shall be paid off at the final expiration date, the specific repayment
plans are as below:


RMB
5,000,000 shall be paid off on March 23, 2018, and the remaining RMB 10,000,000 shall be paid off on April 23,
2018.





		G.	Warranty





Mr.
Hengfang Li is the guarantor of this Agreement, and Gu-an REIT Machinery Manufacturing
Co., Ltd pledges its land use right and its production shop on above land to guarantee the loan under this Agreement.





		H.	Governing law and dispute settlement





H.1
This Agreement is subject to the laws and regulations of the People’s Republic of China.


H.2
Any dispute under this Agreement and related hereto shall first be settled through friendly negotiation, if negotiation fails,
it shall be submitted to the people's court located in the domicile of Party B for resolution.


 






    

     

    




		I.	Enforcement of notarization


Compulsory
enforcement of notarization is not applicable to this Agreement.





		J.	Party A and Party C hereby confirms that:



Party
B has reminded it to pay attention to the clauses related to the restrictions and responsibilities or rights and has sufficiently
explained and described the terms, any modified and supplementary clause (if any) agreed by all parties have been specified in
any supplementary agreement; after sufficient review and consultation between Party B, Party A and Party C, the parties completely
understand and agree upon all contents of this Agreement including the form of contract conditions, basic terms and attachments,
and have no doubt or objection. 


		K.	Parties hereby sign and seal as follows:





	Principal:	Beijing
    Zhongguancun Technology Financing & Guarantee Co., Ltd. (seal)
	Legal
    representative:	/s/
    Duan Hongwei (signed)
	 	 
	Trustee:	Bank
    of Beijing Co., Ltd. Shuangxiu Branch (seal)
	Legal
    representative:	/s/
    Zhou Bo (signed)
	 	 
	Borrower:	Beijing
    REIT Technology Co., Ltd (seal)
	Legal
    representative:	/s/
    Li Hengfang (signed)


 


 


Non-Material
Terms: The loan agreement contains terms concerning the following non-material matters, which have been omitted from this
summary:


 





	 	•	 	Precondition
    for withdrawal;


 


	 	•	 	Early
    repayment and renewal;


 


	 	•	 	Notice
    provisions;


 


	 	•	 	Commitments
    and promises; and


 


	 	•	 	Remedial
    measures.