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**Exhibit 10.40**

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**Contract No.: ZI Trust[2016 trust 326] No. (2)**

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**Assembled Funds TrustPlan of Zhongjiang International·Yinhe 221 Kingold Jewelry**

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**Trust Loan Contract**

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**Zhongjiang InternationalTrust Co., Ltd**

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**Trust Loan Contract**

 

**Lender (Party A): Zhongjiang InternationalTrust Co., Ltd**

 

Address: 6F of International FinancialCenter, No. 88, Beijingxi Road, Nanchang city, Jiangxi province

 

Legal Representative: Qiu Qiang

 

Phone Number: 0791-86304500

 

**Borrower (Party B): Wuhan Kingold JewelryCo., Ltd. ** 

 

Address: Te 15, Huangpu Science & TechnologyGarden, Jiangan District

 

Zip Code: 430023

 

Legal representative: Zhihong Jia 

 

Phone Number: 027-65694977

 

Whereas:

 

Party A is a duly incorporatedtrust company with good standing, and Party B is a duly incorporated limited liability company with good standing.

 

According to the TrustDocument, Party A plans to sign this Contract with Party B and issue a trust loan to Party B.

 

The Contract is madein line with relevant laws and regulations to specify the rights and obligations of both parties after reaching consensus throughconsultation.

  

**Article 1 Definitions and explanation**

 

1.1 Definition

 

In the Contract (asdefined below), save where the context or text otherwise requires, the following words and expressions shall have the same meaningsin the Trust Document:

 

**Contract**: theContract ZI Trust [2016 trust 326] No. (2) Trust Loan Contract between Zhongjiang International Trust Co., Ltd and Wuhan KingoldJewelry Co., Ltd**. **and any other effective revisions and annexes.

 

**Issuance Date ofLoan:** for each allocation of trust loan, the date of issued loan by Party A to Party B, specified on the certificate ofindebtedness of loan regarding that allocation. If the first Issuance Date of Loan is inconsistent with the date of establishmentof the Trust Plan, or if any following Issuance Date of Loan is inconsistent with the date of successful funding of the fund correspondingto this loan, the date of when the Trust Plan begins effective or the corresponding following date of actual usage of each fundallocation is the Issuance Date of Loan.

 

 

 

 

**Expiration Dateof Loan**: if the period is fixed, the date of expiry shall be determined as follows: if the period is 6 months since January1, 2014, the date of expiry shall be July 1, 2014, i.e. the agreed date of expiry which is 6 months after January 1, 2014. If someday doesn’t exist after several months, then the date shall be the end of that month after several months.

 

**Interest SettlementDate:** March 15, June 15, September 15, December 15 of each natural year and each Expiration Date of Loan. The InterestSettlement Date cannot be extended.

 

1.5 **InterestPayment Date**: each Interest Settlement Date. If Interest Payment Date is not a business day, then it will be the next businessday.

 

**Year**: foreach allocation of the trust loan, the 12 Month period since the Date of Loan is a loan Year for that allocation.

 

**Pledgor**: WuhanKingold Jewelry Co., Ltd.

 

**Pledge Date**:The date of delivering pledge and setting up the pledge right by the Pledgor under Gold Pledge Agreement.

 

 **Gold PledgeAgreement**: Gold Pledge Agreement between Zhongjiang International Trust Co., Ltd and Wuhan Kingold Jewelry Co., Ltd**. **signedby Party A and Pledgor and any amendments or supplements.

 

**Yuan**: refersto the monetary unit of China, the Renminbi or RMB.

 

1.2Explanation

 

The words used in thisAgreement like “of this Agreement”, “in this Agreement”, “mentioned in the Agreement”, “underthis Agreement” and any other words with similar words shall be referred to all parts of the Agreement and the Agreementas a whole, but not referred to any specific part or term.

 

The title of term inthe Agreement shall not be deemed to include all the contents under the relevant term or to explain the relevant term or the Agreement.

 

**Article 2 Loan**

 

2.1 Loan Amount

 

The amount of loan underthe Contract is one point Four Hundred Million Yuan, or RMB 400,000,000.00, in multiple allocations. The specific amount of eachallocation of loan shall follow the amount specified on the certificate of indebtedness of loan. 

 

 

 

 

2.2 Usage

 

Party B shall use the loanfor supplementary liquidity needs.

 

Party B is not allowedto change the purpose of loan without prior written consent of Party A. Party B is not allowed to use the loan for fixed investmentin assets and stock rights etc., securities market investment, land storage, and real estate development, projects prohibited byany law, regulation, regulatory provision and national policy.

 

2.3 Length of Maturity

 

The loan under thisContract is issued in allocations. The life of loan of each allocation of loan is 24 Months, calculated since its respective IssuanceDate of Loan.

 

Based on conditionsprescribed in the Contract, Party A shall have the right to announce that the loan or partial of the loan is due in advance.

 

**Article 3 Interest Rate, Payment ofInterest**

 

3.1 The trust is calculatedsince the interest begins, and the interest should be paid quarterly. The borrower should pay interest at the 7th dayof the last month of every quarter during this trust.

 

a) If average Au9999gold closing price in SGE in 20days before due date is under 395RMB/g, then the annual interest rate of this quarter is 8.75%

 

b) If averageAu9999 gold closing price in SGE in 20days before due date equals to or is higher than 395RMB/g, then the annual interest rateof this quarter is 9.5%

 

Interest on the loanunder this Contract is calculated by using the Interest Settlement Date corresponding to each loan. The period is from loan issuancedate (inclusive) or the last Interest Settlement Date (inclusive) to this Interest Settlement Date (exclusive). The last interestsettlement date of each loan under this Contract is the Expiration Date of Loan. The principal should be paid off along with itsinterest.

 

**Article4 Issuance of Loan**

 

4.1 Only after satisfyingthe following prerequisites, Party A is in duty bound to issue a loan to Party B.

 

(1) To issue the firstloan, the trust plan has been set; to issue each of following loans, the subscription of that trust unit is successful;

 

(2) According to currentlyeffective laws, regulations, certificate of incorporations and other organizational documents, Party B, each Warrantor and othershave provided all necessary legal documents and legally valid internal/external approval and authorization documents, and submitthe list of persons with signature rights and the signature specimen of these persons;

 

 

 

 

(3) The Contract, Contractof Warranty, Capital Supervision Agreement, Safekeeping Contract, Authorized Subscription Contract of Trust Industry Security Fundand other transaction documents have been signed and taken affect;

 

(4) Notarization ofcompulsory execution of the Contract and Gold Pledge Agreement has been transacted;

 

(5) Contract of Pledgehas been signed and taken affect;

 

(6) The balance pledgerate calculated under Gold Pledge Agreement Pledged is not higher than 75%, the above mentioned pledge procedure has been processed,the pledge gold has been secured in the safe of China Industry and Commerce Bank Hubei Branch Wuhan Shuiguohu site, the propertyinsurance of the pledge gold with Party A as the first beneficiary has been bought (mainly theft and robbery insurance, insuranceterm is not shorter than the last loan maturity date, and the insurance company should specify in the special agreement list ofthe insurance slip that it bears insurance responsibility of the quality and weight of the pledge gold);

 

(7) Until the issuancedate of the loan, all the statements and guarantees provided by Party B in Article 10 of this Contract are true, accurate and effective.Party B’s financial situation is basically similar with it when signs this Contract without any major adverse change;

 

(8) Until the issuancedate of the loan, the issuance of the trust loan of Party A to Party B under the Contract does not violate all the laws and regulations;

 

(9) Party B’sbusiness operation status (including but not limited to its financial status) does not have any substantial changes which causeany major adverse influence on the transaction under the Contract;.

 

(10) Any laws, regulations,regulatory provisions, other regulatory documents or regulatory agencies do not limit or prohibit Party A to issue a loan to PartyB as described in the Contract;

 

(12) Other requirementsby Party A.

 

4.2 Within three dayssince all conditions under Article 6.1 are met (unless Party A waives any or more of them), Party A should transfer each loan tothe following loan account opened by Party B.

 

Bank Name:

Account Number:

Account Name: WuhanKingold Jewelry Co., Ltd

 

 

 

 

**Article 5 Repayment**

 

5.1 Principal of Repayment

 

As for the loan underthe Contract, Party B shall repay interest first and then principal. Party A is entitled to use the payment of Party B to firstpay off all expenses which should be undertaken by Party B but are paid by Party A for Party B and expenses for Party A realizingcreditor’s right.

 

If the payment of PartyB is insufficient to pay off the payable amount of Party A (including but not limited to loan principal, interest, liquidated damages,compensation for damage, expense for achieving the creditor’s right and other expenses payable) under the Contract, PartyA is entitled to decide the sequence of refunding principal, interest and other expenses.

 

5.2 Repayment of Principaland Interest

 

Party B shall pay theinterest on each Interest Payment Date. The last Interest Payment Date of every loan is the Expiration Date of Loan for such loanunder the Contract and the principal should be paid along with the interest.

 

5.3 Party B shall transferthe payment of principals and interests to the following account appointed by Party A:

 

Bank name:

Account number:

Account name:

 

**Article 6 Warrant of Loan**

 

6.1 All debts underthe Contract (including but not limited to all principals, interests, default interests, compound interests, liquidated damages,compensation, all payments for creditor to realize the creditor’s rights and other payments that Party B shall pay) are guaranteedby the Pledgor in the following manners:

 

Pledge: Party B providespledge guarantee with its inventory of gold with standard not lower than Au9999. Under the presumption of principal pledge rateno higher than 75%, the gold amount that should be pledged is calculated basing on the Au9999 closing price of Shanghai Gold Exchangeon the day prior to pledgor date. The details are specified in the Gold Pledge Agreement.

 

6.2 For the detailsabout all warrant ways under Article 6.1, the provisions of the warrant agreements such as Guaranty Agreement and Gold Pledge Agreementprevail.

 

**Article 7 Rights, Obligations, Representationsand Warranties of Party A**

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7.1 Rights of PartyA

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(1) Party A is entitledto require Party B to repay the principals, interests and expenses of the loan;

 

 

 

 

(2). Party A is entitledto require Party B to provide the most recent audited financial statements and all other relevant documents related to the loanunder the Contract;

 

(3) Party A is entitledto understand the production and management, financial activity of Party B;

 

(4) Party A is entitledto report to the authorities if Party B evades Party A’s supervision, delays payment of loan principal and interest and conductsother actions of breach of Contract;

 

(5) Party A or its authorizedthird party is entitled to collect payments that are not fully paid or timely paid by Party B via various communication channels.The expenses resulted from such collection acts will be borne by Party B;

 

(6) Party A or its authorizedthird party is entitled to perform regular inspections on Party B’s purchase agreements to check the matching status of theactual purchase agreements and actual fund usage;

 

(7) If any situationhappens as prescribed in Article 11 and Party A believes it may endanger creditor’s rights under the Contract, or Party Bdefaults under this Contract in any way, Party A is entitled to announce the loan is due in advance and require Party B to payall due principals and interests of the loan;

 

(8) Party A’s otherrights entitled by law, regulations and the Contract.

 

7.2 Obligations of PartyA

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(1) Issue the loan onschedule based on the Contract, save the delay due to reason of Party B or other reasons not concerned about Party A;

 

(2) Keep the financialinformation and the commercial secrets about production and management provided by Party B in confidentiality, save the laws andregulations otherwise require, or disclose according to regulatory department and administrative supervision department or discloseto engaged third parties.

 

(3) Issue the trustloan under the loan agreement to party B, and keep compliance to the obligations under this loan agreement.

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7.3 Representationsand Warranties of Party A

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Representations andWarranties of Party A are as follows:

 

(1) It is a registeredtrust company approved by China Banking Regulatory Commission and has the qualification to sign this Contract;

 

 

 

 

(2) It is its real intentionto sign and perform the Contract. It has legally performed all necessary formalities for signing and performing the Contract. Allthe procedures to sign and fulfill the Contract have been legally performed and are legally effective.

 

(3) It issues trustloan to Party B under the Trust Contract and its execution and enforcement of this Contract does not violate any of its obligationsunder the Trust Contract.

 

**Article 8 Rights and Obligations ofParty B**

 

10.1 Rights of PartyB

 

(1) Entitled to getand use the loan according to the stipulated terms and loan usages of the Contract.

 

(2) Entitled to requireParty A to keep the relevant financial information and commercial secrets about production and management provided by Party B inconfidentiality, save where laws, regulations or this Contract otherwise require or necessary disclosure to principals and beneficiariesbecause Party A sets up the trust .

 

 8.2 Obligationsof Party B

  

(1) Get the loan accordingto stipulations of the Contract;

 

(2) Per Party A’srequests, provide materials quarterly (within 20 business days at the beginning of each quarter) to Party A about financial accountingand production and operation, including but not limited to the balance sheet, profit and loss statement, cash flow statement andfinancing situation (all the banks with its accounts, accounts, balance situation, etc.), usage situation of loan fund, etc.; perParty A’s request, provide operation situation introduction to Party A quarterly (within 20 business days at the beginningof each quarter), including but not limited to the operation situation of the main business of last quarter, constitution of revenueand profit source, material investment and financing outside of the company, deposition of material assets, and other informationwith material impact on the operation; submit the financial statements of last year by the end of every April; and takes responsibilityof the authenticity, legality, completeness and validity of the foregoing provided documents;

  

(3) Use the loan forthe purpose agreed in the Contract and do not forcibly occupy and misappropriate it or use it in any project that violates thelaws and regulations;

 

(4) Actively cooperateand consciously accept the investigation and supervision of Party A or its engaged third party on its production and management,financial activity and loan utilization under the Contract;

 

 

 

 

(5) Pay off principalsand interests of loan on schedule and pay other amounts due (if any) in accordance with the stipulations of the Contract;

 

(6) Bear related expensesunder this Contract, including but not limited to insurance, evaluation, registration, safekeeping, appraisal, notarization andother matters;

 

(7) Party B and itsinvestors are not allowed to secretly withdraw funds or transfer assets to evade debts to Party A;

 

(8) Before paying offthe principals and interests, it shall not, without Party A’s consent, use the assets resulted from the loan to warrant fora third party;

 

(9) During the durationof the Contract, it shall not provide any warrant to a third party without Party A’s consent, shall not allocate its profits;repayment of loans of Party A’s shareholders shall not be done before the repayment of principal and interest of the loanunder this Contract;

 

(10) Before any fullor partial transfer of debt to a third party, it shall get prior written consent of Party A;

 

(11) During the durationof the Contract, if Party B alters its name, legal representative, address, business scope and registered capital, it should notifyParty A in writing;

 

(12) During the durationof the Contract, in case Party B engages in contracting out business operation, lease, shareholding system transformation, jointventure, merger, acquisition, separation, increase and decrease of capital, alternation of stock rights, transfer of material assetsor other acts of disposition which will impact the realization of Party A’s credit, Party B shall notify Party A in writingat least 30 days in advance for its consent and address the matters of payment and guaranty of the debt under the Contract accordingto Party A’s requirements;

 

(13) In case Party Bsuffers business halts, bankruptcy, dissolution, closure of business, cancellation of business license, and revocation, the Contractis deemed to reach its expiration. Party B shall send a written notice to Party A within three days since the date of its occurrenceand repay all principals and interests immediately;

 

(14) If any incidentcauses danger to Party B’s normal business or materially and adversely affect Party B’s ability to fulfill its paymentobligation under the Contract, including but not limited to, material financial disputes, litigation, deterioration of financialsituation, serious hardship of production and operation, dissolution, closure of business, cancellation of business license, andrevocation, etc., Party B shall send a written notice to Party A within three days since the date of its occurrence and addressthe matters of payment and guaranty of the debt under the Contract according to Party A’s requirements;

 

(15) Ensure all Warrantors(if any) to work with Party A to sign Contracts of Warranty (if any) and go through relevant notarization and registration procedures;

 

 

 

  

(16) In case the Warrantorsunder the Contract suffers business halts, bankruptcy, dissolution, closure of business, cancellation of business license, revocationor similar situations, and partly or fully loses the warrant ability corresponding to this loan, Party B shall promptly provideParty A other warrant recognized by Party A;

 

(17) Party B, withoutany consent from Party A, shall not incur any kind of debt, investment or financing, including but not limited to, bank loan, trustloan, merger loan, setting property trust, setting special asset earning right, share or share beneficiary investment and financing,and other kinds of investment and financing activities;

 

(18) During the termof this Contract, Party B does not distribute dividends to shareholders;

 

(19) Party B shall takeresponsibility to Party A for the loss caused by breaching the Contract.

 

**Article 9 Representations and Warrantiesof Party B**

 

Representations andwarranties of Party B are as follows:

 

(1) It is a legallyregistered and validly existing business entity. Until the Issuance Date of Loan, it is in normal operation, and does not haveany current or reasonably expected factor which may cause it to be unable to keep the normal operation during the loan term;

 

(2) It is its real intentionto sign and perform the Contract. It has legally performed all necessary formalities for signing and performing the Contract. Theseconducts do not violate the certificate of incorporation or other organizational documents or any laws, regulations, charters andother regulatory documents, judgments, contracts, commitments, or arrangements. All the procedures to sign and fulfill the Contracthave been legally performed and are legally effective;

 

(3) All the documents,materials, relevant financial statements and certificates provided to Party A for the loan under the Contract are true, correct,complete, legally valid, and do not have any misleading statements, false record or material omission;

 

(4) It does not concealany past actions or actions that may happen which might prevent the issuance of the loan under the Contract, including but notlimited to,

 

1) serious illegal actions,discipline incidents or material claims related to it or its person in charge;

3) any breach actionsrelated to contracts with other creditors;

2) litigations, arbitrationsand other disputes;

4) its debt and debtguarantees;

5) other situationsthat might influence its financial status or repayment ability.

 

 

 

 

(5) It allows PartyA to investigate its credits from the credit data center approved and set up by People's Bank of China and its credit supervisordepartment or relevant agencies, agrees Party A to disclose its information to the credit data center approved and set up by People'sBank of China and its credit supervisor department, or reasonably use or disclose those credit information out of business needs;

 

(6) Party B is not anon-residential company, and the real controller of Party B is not a non-residential company.

 

The Representationsand Warranties of Party B is consecutively effective. When the agreement is revised, supplemented or amended, Party B is deemedmaking the above Representations and Warranties repeatedly.

 

**Article 10 Responsibility of Default**

 

10.1 Default Situations

 

(1) Party B shall takethe responsibility of default by law if any situation as follow happens:

 

1) Fail to provide true,complete and valid financial, accounting, operation status and other materials; conceal information that may affect its abilityto repay the loan;

  

2) Fail to use the loanfor the purpose agreed in the Contract, refuse Party A’s or its authorized third party’s supervision over the usageof the loan;

 

3) Fail to pay interestsor any term of interest under the Contract on schedule, or fail to pay other amount payable (if any);

 

4) Fail to pay for TrustSecure Fund timely under Trust Subscription Agreement;

 

5) Transfer assets orwithdraw funds to evade debt;

 

6) Deterioration ofoperation and financial conditions, failure to pay off due debt, involvement in serious litigation, arbitration or other legaldisputes or undertaking other debts happens and Party A believes it may affect or threaten its rights and benefits under the Contract;

 

7) During the durationof the Contract, conducting transactions such as contracting out business operation, lease, shareholding system transformation,joint venture, merger, acquisition, separation, increase and decrease of capital, alternation of stock rights, and other actionschanging operating way or system which Party A believes may impact or have impacted Party A’s rights under the Contract;

 

8) Its other debts mayor have affected the fulfillment of obligations to Party A;

 

9) Distribute dividendwithout any consent from Party A during the duration of the Contract;

 

 

 

 

10) Enter into legalproceedings of custody, taken over, consolidation, settlement, reorganization, bankruptcy, or dissolution, or being cancelled businesslicense, or being ordered business closure, stop, revocation or dissolution;

 

10.2 Default Remedies

 

Party A is entitledto take one or more of the following measures if and of the abovementioned defaults happen:

 

1) Stop issuing therest of the loan that has not been issued yet;

 

2) Announce the paymentis due immediately; collect in advance those loans issued, and require Party B to repay all the loan principals, interests andother payments under the Contract;

 

3) Charge Party B theliquidated damage which is 20% of the principal;

 

4) Exercise guaranteerights;

 

5) Regarding other projectsbetween Party B, its Guarantor, their related parties and Party A, declare the debt under such project is due immediately, andaddress, exercise the pledge or other guaranty rights under such project, the balance after paying the debt due under such project(if any) can be used to pay for the balance, interest and related payments under the Contract. The Gurantor recognizes and agreeswith this matter under Guaranty Agreement, and Guaranty Agreement prevails ;

 

6) Terminate the Contractand other Contracts of Warranty (if needed); 

 

**Article 11 Amendment and Terminationof Contract**

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Upon the effectivenessof the Contract, any party shall not alter or terminate the Contract unilaterally unless the Contract provides otherwise. Any amendmentsor alterations shall be agreed by both parties in a written agreement.

 

**Article 12 Notarization of CompulsoryExecution**

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12.1 Party A and PartyB confirm that, within three days of execution of the Contract, both parties will transact compulsory notarization of the Contractat Wuhan Changjiang Notary Office.

  

12.2 Party B herebycommits that if it fails to fulfill or incompletely fulfills any of its obligations under the Contract, it is willing to receivejudiciary compulsory execution, without any judicial proceeding. Party A can directly apply for compulsory execution to people’scourt with jurisdiction according to Article 238 of Civil Procedure. Party B waives right of defense for such application.

 

 

 

 

12.3 Party A and PartyB confirm that both parties fully understand the meaning, content, procedure and effect of notarization of compulsory executionproscribed by relevant laws, regulations and regulatory documents.

 

12.4 If Party B failsto perform or inappropriately performs debt documents which has been notarized and have the compulsory execution effect, PartyA can apply for issuance of compulsory execution document to the notary office. Party B shall cooperate with the notary officeto complete the verification procedure. Party B commits to cooperate fully with the application by Party A (including but not limitedto the verification procedure with the completion of the notary office). If Party B fails to fulfill such obligation timely, PartyB hereby confirms: in the case of absence of Party B, after the notary, based on the notary application by Party A and its internalprocedure, completes the verification process, it deems to finish the verification process. Party B fully recognizes its legalconsequences.

 

12.5 This Article haspriority to the Article 13.1. Party B shall bear the expense arising from application of compulsory notarization.

 

**Article 13 Notification and Delivery**

 

13.1 All the notifications,documents and materials sent or provided to each party because of execution of the Contract shall be delivered according to thecontact in the cover page. If the contact information of one party changes, it shall notify the other party in writing (fax orexpress mail) within three workdays since the date of change. Otherwise, the notification from he party which does not change thecontact information to the other party by fax or express mail according to the contact information in this Contract is deemed tobe delivered.

 

13.2 Contact informationof both parties:

 

Party A: ZhongjiangInternational Trust Co., Ltd

Mailing Address: 6Fof International Financial Center, No. 88, Beijingxi Road, Nanchang city, Jiangxi province

Zip Code: 330046

Contact Person: LiuKun

Phone Number: 0791-86304500

Fax Number: 0791-86304495

 

Party B: Wuhan KingoldJewelry Co., Ltd.

Mailing Address: Te15, Huangpu Science & Technology Garden, Jiangan District

Zip Code: 430023

Contact Person: HuangYi

Phone Number: 027-65694977

Email: webmaster@kingold.com.cn

 

 

 

 

13.3 Notification isdeemed to be delivered to the other party on the following date:

 

(1) Personal delivery:effectively delivered on the date when the designated person delivers it;

 

(2) Registered letterservice: the third day after the mailing day (postmark as the proof) ;

 

(3) Fax: when the confirmationof successful delivery is created by the fax machine;

 

(4) Express mail service:the second day after postmark date;

  

(5) Email: date statedin the email system of successful delivery.

 

**Article 14Supplementary Provisions**

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14.1 Any amendment ofthe Contract as the attachment of the Contract has the equal legal effect with the Contract.

 

14.2 The Certificateof Indebtedness under the Contract and other relevant documents confirmed by both parties are indivisible component of the Contract.

 

14.3 Party B has readall the terms of this Contract. Per Party B’s requirements, Party A has explained the relevant provisions under this Contract.Party B has acknowledged and fully understood on the meaning of the Contract terms and the corresponding legal consequences.

 

14.4 The agreementsin the Contract include Representations and Warranties specified in this Contract, and any violation of these Representations andWarranties are treated as breach of Contract.

 

14.5 Both parties shallensure that the Contract is fully executed by conducting and signing any further actions, incidents, documents, so the expectedpurpose of this Contract could be fully achieved.

 

14.6 The Contract isthe complete document on the matters covered by it agreed by both parties. This Contract, together with any attachments to thisContract constitutes the entire agreement between the parties of this Contract. If any previously signed letter of intent, otherlegal documents or other written and oral agreements are inconsistent with this Contract, this Contract shall prevail.

 

14.7 The Contract iseffective on the day when it is signed and stamped by the legal representative or an authorized representative of each party andshall terminate when all loan principals, interests, penalty interests, liquidated damages, damages compensation and all othersums due (if any) are paid off.

 

 

 

 

14.8 All six copiesof the original Contract has the same legal effect; three copies are possessed by Party A and three copies are possessed by PartyB; the remaining copies are for handling enforcement of notarization, pledge registration procedures, etc.

 

**Both parties haveread all terms of the Contract and have completely understood the meaning of Contract terms and corresponding legal consequences.No party shall challenge any terms under the Contract on the any basis such as material misunderstanding or unconscionability.**

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(Signature page follows)

 

 

 

  

(This is the signaturepage of Trust Loan Contract of No. 2016-MSJH-103-2 and has no content of contract)

 

Party A: /s/ ZhongjiangInternational Trust Co., Ltd

Legal Representative/AuthorizedRepresentative:

 

Party B: /s/ KingoldJewelry Co., Ltd.

Legal Representative/AuthorizedRepresentative:

  

Contract signed on:

Contract signed in:Changsha City of Hunan Province