Exhibit 10.3
	 
	English translation for convenience purposes only


 


SPD BANK


 


Gold Lease Agreement


 


Lease Party: _Wuhan Branch of Shanghai
Pudong Development Bank Co., Ltd (hereinafter as Party A)


Leased Party: _Wuhan Kingold Jewelry
Co.,Ltd_____(hereinafter as Party B)


Whereas:


Party A and Party B signed the Gold Lease
Framwork Agreement (hereinafter as Framework Agreement) on the date of __Jan.__/ _1__ day _2013_, document No. GR2013001_.
In order to satisfy the demand of Party B for gold, Party A agrees to lease substantial gold to Party B, and Party B shall return
and pay lease expense on schedule. Meanwhile, in order to abide by the credit and to define both Parties’ rights and duties,
the Gold Lease Trading Agreement is hereby friendly negotiated and signed.


Here the “substantial gold”,
“standard gold”, mentioned in the agreement mean the standard gold which can be transacted on the Shanghai Gold Exchange
(hereinafter as “Exchange”).


 




    	 



    	 



    

 


	 
	English translation for convenience purposes only


 


1. Contract object: Party A agrees to lease
320 kg standard gold with the percentage of gold as_Au99.99__, calculate with the settlement price of _327_ yuan/g
selected in the fifth article of this agreement, with the market price of_104.64 million_ RMB.


 


2. Cash deposit: Party B opens the
deposit account in bank of Party A (account name is _Pudong Development Bank other current cash deposit, Wuhan Kingold
Jewelry Co., Ltd___, account number
is_                                      __.)
Party B’s guarantee of pledge for Party A’s lease gold shall be the agreed deposit which is calculated by the
settlement of “credit line + cash deposit =weight of leased gold × settlement price × 106% + lease
expense” in the Framework Agreement, among which the percentage of cash deposit in the sum of cash deposit and credit
line shall be _8___%, namely, 9.387 million Yuan. Party B hereby confirms that the agreed cash deposit and the
interests generated since the date of deposit in the account shall be the guarantee of pledge. Party A has the right to
possess and frozen the guarantee of pledge and agrees no otherwise signed guarantee file on it. Party B authorizes that Party
A shall deduct the deposit and interests directly from the account if party B will be unable to return the leased property
(or commensurate amount) and /or lease expense in full and on time.


 


3. Lease term: _12__months, total 364_days,
from 2013/2/22 until 2014/2/21.


 




    	 



    	 



    

 


	 
	English translation for convenience purposes only


 


The expiring date shall be postponed to
the first transaction day after the expiring day if not the normal business day of transaction and correspondingly, and the date
of interest accrual shall be postponed.


 


4. Lease rate: ___6__% per year.


 


5. Settlement price(select one from the
followings with “√”,others with “×”)


1. With closing
price of gold ____ yuan/g transacted on the business day before the day of contract


√2. With
the agreed settlement price _327___ yuan/g


 


6. Settlement of lease expense
(select one from the followings with “√”,others with “×”)


According to the articles in this agreement,


1.Lease expense
shall be paid in full when Party B gains the leased gold.


√2.Party
B shall pay the lease expense of previous term on 20th (date for payment) of the last month of each quarter (in March,
June, September, December), if the legal holiday, the payment shall be postponed to the next business day. When the lease is expired,
correspondingly, the lease expense shall be paid off.


 




    	 



    	 



    

 


	 
	English translation for convenience purposes only


 


3.Lease expense
shall be paid in full when Party B returns the gold.


 


Party B authorizes Party A to direct deduct
lease expense from the account opened in Party A, with the account No._                                                 ___


 


7. Calculation of lease expense:


Lease expense = weight of gold
× lease rate/360×lease days×settlement price


When Paid quarterly, the actual lease
days shall be: the first actual lease days shall be counted from the day (include the day) when gold lease business begins
until the first day (exclude the day) of payment; the last actual lease days shall be counted from the previous day (include
the day) of payment until the day (exclude the day) of return the gold: the other actual lease expense days shall be counted
from the previous day of payment until the next one (exclude the day).


 


8. This agreement is applied for all laws
in China (as this agreement purpose, exclude the laws in Hong Kong and Macao special administrative regions and the area of Taiwan
and in accordance with the interpretation. In the execution of this agreement, any disputes shall be solved by both parties’
negotiation. When it failed, the disputes shall be resort to the people court located in Party B.


 




    	 



    	 



    

 


	 
	English translation for convenience purposes only


 


9. This agreement is the part of framework
agreement, the articles in this agreement shall prevail if any clarification.


 


10. This agreement takes effect after signing
and sealing by the legal representative or authorized agent of Party B and the legal representative/director or authorized agent
of Party A and affixed the special seal for contract. The attachment is the part of this agreement.


 


11. This agreement is signed in two copies
and each party holds one copy with the equal effect.


 




    	 



    	 



    

 


	 
	English translation for convenience purposes only


 


This agreement is signed by the following
parties. Both parties claim that when signing the agreement, all the provisions included in this agreement are negotiated without
any disputes and they also have correct understanding of clauses on both parties’ rights and duties, restriction
and termination of duties.


 




    	 



    	 



    

 


	 
	English translation for convenience purposes only


 


	Party A (seal or special seal for contract)	Party B (seal or reserved signature) 
	Legal representative/director or agent	Legal representative
	(Signature or seal)	(Signature or seal)
	Chen, Hai Nin	Jia, Zhihong
	 	 
	Residence:	Principle business address
	Code of Shanghai Gold Exchange	Code of Shanghai Gold Exchange
	Postal code:	Postal code:
	Telephone:	Telephone:
	Fax. :	Fax.:
	E-mail:	E-mail:
	Contact person:	Contact person:
	Signature date: 2013/2/22	Signature date: 2013/2/22