Document:

Exhibit 4.87

 

 Maximum Pledge
Contract

 

Contract No.: 2014JIYINZUIQUANZHIZIDI 14140225

 

Pledgor : Ganglian Finance Leasing Co., Ltd

 

Pledgee : CITIC
Shijiazhuang Branch

 

Signing Date : June 27, 2014

 

Pledge Definition :   To ensure multiple loans Party B
(Pledgee) has lent to Shijie Kaiyuan Auto Trading Group Co., Ltd., Party A (Pledgor) is willing to provide Accounts Receivable
hereunder for Party B.

 

Maximum Amount: RMB90,000,000

  

Pledge Term : From August 15, 2014 to August 15, 2015

 

Collateral: The assets Party A pledges to Party B by Joint Liability
Pledge Contract (No. 2014JIYINZUIQUANZHIZIDI 14140225).Exhibit 4.88

 

Maximum Guaranty
Contract

 

Contract no. 2014JIYINZUIBAOZIDI14120745

Guarantor : LIYONGHUI

Guarantee :
CITIC Shijiazhuang Branch

 

Signing Date : June27, 2014

 

Pledge Definition :   To ensure multiple loans Party B
(Guarantee) has lent to Shijie Kaiyuan Auto Trading Group Co., Ltd., Party A (Guarantor) is willing to provide guaranty for Party
B.

 

Maximum Amount: RMB90,000,000

 

Pledge Term : From August 29, 2013
to February 14,2014Summary Translation	Exhibit
4.89

 

Loan Agreement

 

Contract No. :ABC(2014)1011-1 13062020140000615

 

Borrower : Shijie
Kaiyuan Auto Trading Group Co., Ltd.

 

Lender : Agricultural
Bank of China, Shijiazhuang North City Branch

 

Signing Date : August 26, 2014

 

Loan Amount
: RMB100,000,000

 

Length of maturity
: From August 26, 2014 to February 22, 2015

 

Use of Loan
: Vehicle Purchase

 

Loan Interest : 6.72%

 

Date of Draft : August 26, 2014

 

Withdrawal Amount
: RMB100,000,000

 

Payment Method : The interest should be repaid by monthly. The principal
shall be fully repaid at the maturity date of the loan.

 

Repayment Date
: February 22,2015 

 

Loan Guarantee : Guaranty of Pledge

 

- Shijie Kaiyuan Auto Trading Group Co., Ltd. make pledge account
receivable to Agricultural Bank of China, Shijiazhuang North City Branch, with the contract no. ABC(2012)1011-6 2014082202Exhibit 4.90

 

Accounts Receivable Confirmation

 

Contract No.: ABC(2012)1011-6 2014082202

 

Pledgor : Ganglian Finance Leasing Co., Ltd

 

Pledgee : Agricultural
Bank of China, Shijiazhuang North City Branch

 

Signing Date : Auguest22, 2014

 

Pledge Definition :   To ensure multiple loans Party B
(Pledgee) has lent to Shijie Kaiyuan Auto Trading Group Co., Ltd., Party A (Pledgor) is willing to provide Accounts Receivable
hereunder for Party B.

 

Maximum Amount: RMB100,000,000

 

Pledge Term
: From Auguest26, 2014 to February 22,2015

 

Collateral: The assets Party A pledges to Party B as Collateral
are listed in Accounts Receivable List (No. ABC(2012)1011-7 2014082203). The appraised value of the Collateral is RMB 111,210,190Exhibit 4.91

 

Loan Agreement

 

Contract No. : ABC(2014)1011-1 13062020140000650

 

Borrower : Shijie
Kaiyuan Auto Trading Group Co., Ltd.

 

Lender : Agricultural
Bank of China, Shijiazhuang North City Branch

 

Signing Date : September 5, 2014

 

Loan Amount
: RMB100,000,000

 

Length of maturity
: From September 5, 2014 to March 5, 2015

 

Use of Loan
: Vehicle Purchase

 

Loan Interest : 6.72%

 

Date of Draft : September 5, 2014

 

Withdrawal Amount
: RMB100,000,000

 

Payment Method : The interest should be repaid by monthly. The principal
shall be fully repaid at the maturity date of the loan.

 

Repayment Date
: March 5, 2015

 

Loan Guarantee : Guaranty of Pledge

 

- Ganglian Finance Leasing Co., Ltd. make pledge account receivable
to Agricultural Bank of China, Shijiazhuang North City Branch, with the contract no. ABC(2012)1011-6 2014090502Exhibit 4.92

 

Accounts Receivable Confirmation

 

Contract No.: ABC(2012)1011-6
2014090502

 

Pledgor : Ganglian Finance Leasing Co., Ltd. 

 

Pledgee : Agricultural
Bank of China, Shijiazhuang North City Branch

 

Signing Date : September 5, 2014

 

Pledge Definition :   To ensure multiple loans Party B
(Pledgee) has lent to Shijie Kaiyuan Auto Trading Group Co., Ltd., Party A (Pledgor) is willing to provide Accounts Receivable
hereunder for Party B.

 

Maximum Amount: RMB100,000,000

 

Pledge Term
: From September 5, 2014 to March 5,2015

 

Collateral: The assets Party A pledges to Party B as Collateral
are listed in Accounts Receivable List (No. ABC(2012)1011-7 2014090503). The appraised value of the Collateral is RMB 111,352,610Exhibit 4.93

 

Loan Agreement

 

Contract No. :SJZ0910120140044

 

Borrower : Shijie
Kaiyuan Auto Trading Group Co., Ltd.

 

Lender : Hua Xia Bank Shijiazhuang
Jianhua Branch

Signing Date : October 8, 2014

 

Loan Amount
: RMB150,000,000

 

Length of maturity
: From October 8, 2014 to July 19,2015

 

Use of Loan
: Working capital turn over

 

Loan Interest : 7.8%

 

Date of Draft : October 9, 2014

 

Withdrawal Amount
: RMB150,000,000

 

Payment Method : The interest should be repaid by monthly. The principal
shall be fully repaid at the maturity date of the loan..

 

Repayment Date
: July 19,2015

 

Loan Guarantee : Guaranty of Pledge

 

- Shijie Kaiyuan Auto Trading Group
Co., Ltd. make pledge account receivable to Hua Xia Bank Shijiazhuang Jianhua Branch, with the contract no. SJZ0910120140044-31

- Hebei Chuanglian Finance Leasing
Co., Ltd. entered into The Guaranty Contract with the lender, with the contract no.SJZ0910120140044-11

 

- Ganglian
Finance Leasing Co., Ltd. entered into The Guaranty Contract with the lender, with the contract no.SJZ0910120140044-12

 

- Hebei Xuhua Trading Co., Ltd. entered
into The Guaranty Contract with the lender, with the contract no.SJZ0910120140044-13

- Hebei Ruituo Auto Trading Co., Ltd.
entered into The Guaranty Contract with the lender, with the contract no.SJZ0910120140044-14

-Hebei Ruijie Hospitality Management
Ltd. entered into The Guaranty Contract with the lender, with the contract no.SJZ0910120140044-15

-Hebei Ruiliang Trading Co., Ltd entered
into The Guaranty Contract with the lender, with the contract no.SJZ0910120140044-16Exhibit 4.94

 

Maximum Pledge Contract

 

Contract No.: SJZ0910120140044-31

 

Pledgor : Shijie Kaiyuan Auto Trading Group Co.,Ltd

 

Pledgee : Hua
Xia Bank Shijiazhuang Jianhua Branch

 

Signing Date : October 8, 2014

 

Pledge Definition :   To ensure multiple loans Party B
(Pledgee) has lent to Shijie Kaiyuan Auto Trading Group Co., Ltd., Party A (Pledgor) is willing to provide Accounts Receivable
hereunder for Party B.

 

Maximum Amount: RMB150,000,000

 

Pledge Term
: From October 8, 2014 to July19,2015

 

Collateral: The assets Party A pledges to Party B as Collateral
are listed in Accounts Receivable List (No. 20140044). The appraised value of the Collateral is RMB 187,500,000Exhibit 4.95

 

 The Guaranty Contract

 

Contract No.:
SJZ0910120140044-11

 

Guarantor : Hebei Chuanglian Finance Leasing Co., Ltd

Guarantee :
Hua Xia Bank Shijiazhuang Jianhua Branch

 

Signing Date : October 8, 2014

 

Pledge Definition :   To ensure multiple loans Party B
(Guarantee) has lent to Shijie Kaiyuan Auto Trading Group Co., Ltd., Party A (Guarantor) is willing to provide guaranty for Party
B.

 

Maximum Amount: RMB150,000,000

 

Pledge Term
: From July19,2015 to July18,2017Exhibit 4.96

 

 The Guaranty Contract

 

Contract No.: SJZ0910120140044-12

Guarantor : Ganglian Finance Leasing
Co., Ltd.

Guarantee :
Hua Xia Bank Shijiazhuang Jianhua Branch

 

Signing Date : October 8, 2014

 

Pledge Definition :   To ensure multiple loans Party B
(Guarantee) has lent to Shijie Kaiyuan Auto Trading Group Co., Ltd., Party A (Guarantor) is willing to provide guaranty for Party
B.

 

Maximum Amount: RMB150,000,000

 

Pledge Term
: From July19,2015 to July18,2017Exhibit 4.97

 

 The Guaranty Contract

 

Contract No.: SJZ0910120140044-13

Guarantor : Hebei Xuhua Trading Co.,
Ltd..

Guarantee :
Hua Xia Bank Shijiazhuang Jianhua Branch

 

Signing Date : October 8, 2014

 

Pledge Definition :   To ensure multiple loans Party B
(Guarantee) has lent to Shijie Kaiyuan Auto Trading Group Co., Ltd., Party A (Guarantor) is willing to provide guaranty for Party
B.

 

Maximum Amount: RMB150,000,000

 

Pledge Term
: From July19,2015 to July18,2017Exhibit 4.98

 

 The Guaranty Contract

 

Contract No.: SJZ0910120140044-14

Guarantor : Hebei Ruituo Auto Trading Co., Ltd

Guarantee : Hua Xia Bank Shijiazhuang Jianhua Branch

Signing Date : October 8, 2014

 

Pledge Definition :   To ensure multiple loans Party B
(Guarantee) has lent to Shijie Kaiyuan Auto Trading Group Co., Ltd., Party A (Guarantor) is willing to provide guaranty for Party
B.

 

Maximum Amount: RMB150,000,000

 

Pledge Term
: From July19,2015 to July18,2017Exhibit 4.99

 

 The Guaranty Contract

 

Contract No.: SJZ0910120140044-15

Guarantor : Hebei Ruijie Hospitality management Limited

Guarantee :
Hua Xia Bank Shijiazhuang Jianhua Branch

 

Signing Date : October 8, 2014

 

Pledge Definition :   To ensure multiple loans Party B
(Guarantee) has lent to Shijie Kaiyuan Auto Trading Co., Ltd., Party A (Guarantor) is willing to provide guaranty for Party B.

 

Maximum Amount: RMB150,000,000

 

Pledge Term
: From July19,2015 to July18,2017Exhibit 4.100

 

 The Guaranty Contract

 

Contract No.: SJZ0910120140044-16

Guarantor : Hebei Ruiliang Trading
Co., Ltd.

Guarantee :
Hua Xia Bank Shijiazhuang Jianhua Branch

 

Signing Date : October 8, 2014

 

Pledge Definition :   To ensure multiple loans Party B
(Guarantee) has lent to Shijie Kaiyuan Auto Trading Group Co., Ltd., Party A (Guarantor) is willing to provide guaranty for Party
B.

 

Maximum Amount: RMB150,000,000

 

Pledge Term
: From July19,2015 to July18,2017

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