Document:

Exhibit 10.3

 

English translation for convenience
purposes only

 

Gold Lease Agreement

 

Lessor Name (Party A): China Construction
Bank Corporation Wuhan Jiang’an Branch 

Responsible person or authorized agent:
Handan Xu

Address:

Post Code:

Shanghai Gold Exchange Code:

Contact: 

Phone Number:

Fax Number:

 

Lessee Name (Party B): Wuhan Kingold
Jewelry Co., Limited

Legal representative or authorized agent:
Zhihong Jia

Address:

Post Code:

Shanghai Gold Exchange Code:

Contact:

Phone Number:

Fax Number:

 

This agreement is entered into to identify
the rights and obligations of Party A and Party B who after mutual negotiation have reached an agreement on the gold lease between
them to promote the business of both parties.

 

Chapter 1 General Provisions 

 

Article 1 The gold lease between
Party A and Party B means both parties agree that within the agreed term Party A will lease the gold owned by Party A to Party
B for use with interest and the gold will be returned to Party A by Party B when the term expires.

 

Article 2 The gold in this agreement
refers to the one that meets the quality requirements and standards of Shanghai Gold Exchange and can be transacted delivered at
Shanghai Gold Exchange, like AU9995, AU9999 etc.

 

Article 3 The trading day in this
agreement refers to the normal business day of Shanghai Gold Exchange for transaction.

 

Article 4 The Parties can determine
the amount of lease on their respective conditions and bear no obligations to promise the lease to or from the other.

    	 

    	 	

    
 

 

Chapter 2 Limit

 

Article 5 Party A grants Party B
the recyclable credit line particular for the gold lease, which will not exceed 2,500 million Yuan and will expire on October 26,
2013.

 

Article 6 Party A reserves the right
to alter the above mentioned credit line; in the case of alteration of the above mentioned credit line, Party A should notice Party
B in written form and the alteration becomes effective as of the date of issuing the notice.

 

Article 7 The total market value
of the gold leased by Party B from Party A should not exceed 95% of the above mentioned credit line; the market value of the gold
shall be calculated according to the latest closing price of Shanghai Gold Exchange.

 

Article 8 If the total market value
of the gold leased by Party B from Party A exceeds 95% of the above mentioned credit line as a result of the rise in gold price,
Party A is entitled to require Party B return the excess gold ahead of the expiration of lease, or require Party B to provide other
security guarantees deemed effective by Party A. In this case, Party A should notice Party B in writing and deduct the payable
interest within the rest term according to the excess gold returned by Party B ahead of the expiration; after receiving the written
notice, Party B should return the excess gold within five business days and is entitled to lease the excess gold returned ahead
of the expiration and other relevant kinds of gold.

 

 

Chapter 3 Lease Transaction 

 

Article 9 If Party B intends to
lease gold or extend the previous lease from Party A, Party B should provide Party A the Application for Gold Lease five business
days before the lease or extension and inquiry Party A about the interest; after receiving the written application from Party B,
Party A should make a reply within two business days.

 

Article 10 The gold lease involves
the following factors: variety, percentage, weight (or quantity), starting date, expiration date, interest rate, attribute of the
goods, benchmark for interest accrual, fixing price for interest accrual, and interest payment and so on, in which the variety,
percentage, weight, starting date, expiration date, interest rate, interest payment, and attribute of the goods should be determined
by both parties on negotiation.

 

Article 11 Attribute of goods refers
to should the gold be bought title or stock owned by certain coffer according to the provisions of Shanghai Gold Exchange.

 

Article 12 Benchmark for interest
accrual: Actual days/365 days.

 

Article 13 Fixing price for interest
accrual is the price used to determine the monetary value of gold and the fixing price on the business day of Shanghai Gold Exchange
before the starting day unless otherwise agreed.

    	 

    	 	

    
 

 

Article 14 Interest payment refers
to the determination of the interest payment date, such as on a monthly, quarterly, semi-annual or expiration basis.

 

 

Chapter 4 Delivery of Gold 

 

Article 16 After the gold lease
is concluded, both parties should accomplish the lease declaration through the membership service system of Shanghai Gold Exchange
to realize the transfer of gold.

 

Article 17 When the lease expires,
if Party B determines to return the gold, both parties should accomplish the reverse lease declaration through the membership service
system of Shanghai Gold Exchange on the expiration date to realize the transfer of gold.

 

Article 18 When returning the gold,
Party B must return the gold with the same variety, percentage, specification, and attribute of goods to the lease one, unless
otherwise agreed by Party A.

 

Article 19 When the lease expires,
if Party B intends to extend the gold lease, both parties do not have to deliver the gold.

 

Article 20 The registration fee
and other fees arising from the lease declaration or reverse lease declaration through the membership service system of Shanghai
Gold Exchange should be paid by the parties respectively.

 

 

Chapter 5 Interest 

 

Article 21 The interest of gold
lease transaction should be determined according to the weight (g), fixing price for interest accrual (Yuan/g), interest rate,
term of interest accrual (actual days) and benchmark for the interest accrual and paid to Party A on the interest payment date.

 

Article 22 Party A should send Party
B the Notice of Interest Settlement for Gold Lease in writing three days before the interest payment date.

 

Article 23 Party B can return the
gold before the expiration date and should pay the interest to Party A unless otherwise agreed by Party A.

 

 

Chapter 6 Responsibility of Default

 

Article 24 The default party should
pay the other party for default with 0.05% of the default fine s daily interest rate from the starting date to the ending date
of the default.

    	 

    	 	

    
 

 

Article 25 If the default party
fails to end the default behavior within 30 business days from the starting of the default, the injured party is entitled to terminate
the agreement unilaterally; the injured party should notice the default party the termination of the agreement in writing and the
termination is effective as of the issuing of the notice; after the termination of the agreement, the injured party still has the
right to demand the default party’s its due obligations in the original agreement and the responsibility of default.

 

 

Chapter 7 Specimen Signatures

 

Article 26 For the convenience of
the daily operation of gold lease transaction, Party A and Party B respectively grants the following specimen signatures (as attached)
for signing of the Application for Gold Lease, Confirmation for Gold Lease, and Notice of Interest Settlement for Gold Lease and
so on.

 

 

Chapter 8 Supplementary Provisions 

 

Article 27 The Application for Gold
Lease (including the receipt) and the Confirmation for Gold Lease signed by Party A and Party B for each deal of the gold lease
are inseparable part of this agreement and equally valid with this agreement.

 

Article 28 The rights and obligations
regulated in this agreement and the Confirmation for Gold Lease should not be transferred to a third party without the consent
of the other party.

 

Article 29 Unless otherwise regulated
herein, both parties should not terminate this agreement without the consensus of the two parties.

 

Article 30 If any dispute arises
between Party A and Party B in the execution of this agreement, both parties should try to solve the dispute through friendly negotiation
based on the principle of good faith, mutual cooperation, and mutual understanding; if the problem cannot be solved through negotiation,
the two parties can file a lawsuit at the people’s court where Party A is located.

 

Article 31 This agreement is in
triplicate and is effective after being signed and sealed by legal representative or authorized agent; each Party holds one and
one for Shanghai Gold Exchange for filing.

    	 

    	 	

    
 

 

Specimen Signatures

 

China Construction Bank Corporation Wuhan
Jiang’an Branch

Signatory:

Title:

Signature:

 

Signatory:

Title:

Signature:

 

Official Seal:

 

 

 

 

 

Signatory:

Title:

Signature:

 

Signatory:

Title:

Signature:

 

Official Seal:

    	 

    	 	

    
 

 

  

Party A:

(Official Seal)

 

Responsible person or authorized agent:

 

(Signature)

Date:

Place:

 

 

Party B:

(Official Seal)

 

Legal Representative or Authorized Agent:

 

(Signature)

Date:

Place:Exhibit 10.1

 

 

	 	January 11, 2013

 

 

N. Paul Brost

18301 Mid Ocean Place

Leesburg, VA 20176

 

 

Dear Paul:

 

Command Security Corporation
(the “Company”) is pleased to offer you full-time employment as Chief Financial Officer, commencing on or before January
14, 2013 (“Employment Date”), on the following terms and conditions. Our offer is contingent upon satisfactory results
from all Company pre-employment background checks. Your offer is contingent upon your representation to the Company that you are
not bound by any type of agreement that would restrict your ability to work for the Company as Chief Financial Officer (“CFO”),
and that you have not misappropriated any of your previous employer’s confidential business information for the benefit
of the Company.

 

Position and Compensation

 

Position:  You
will serve as the Company’s CFO reporting to the Chief Executive Officer (“CEO”). Your duties, responsibilities
and authority will be as is customary for a CFO, and include but are not limited to, managing the financial affairs of the Company,
implementing policies and procedures to ensure compliance with relevant laws and accounting standards, and setting goals, monitoring
work, and evaluating results to ensure that departmental and organizational requirements are being met.

 

Base Salary:  Your
base annual salary is $250,000, paid in accordance with the Company’s payroll practices.

 

Discretionary Performance
Bonus:  You will be eligible to receive a discretionary performance bonus up to forty percent (40 %) of your base salary.
Cash portions of your bonus, if any, will be paid to you when approved by the Board of Directors if you are actively employed by
the Company at the time such bonuses are due to be paid. The Company reserves all rights in determining bonuses, including whether
a bonus is to be paid. If applicable, the discretionary performance bonus for the Fiscal Year ending March 31, 2013, will be prorated
to reflect the actual period of your employment with the Company during the Fiscal Year.

 

Stock Options:
(i)  Option Grant. On the Employment Date, I will recommend to the Company’s Board of Directors that they grant
you a stock option (the “Option”) to purchase an aggregate of 165,000 shares (as adjusted for any recapitalization,
stock split, stock dividend or similar event affecting the number of the Company’s outstanding shares of Common Stock (as
defined below) generally (the “Option Shares”) of the Company’s common stock, par value $0.001 per share
(“Common Stock”), subject to such terms and conditions as the Board may establish in its discretion.

 

    	 

    	 	

    
 

Exhibit 10.1

 

(ii)  Exercise
Price.   Under the Option, the Option Shares will have an exercise price/share based upon the closing price of the Common Stock
on the NYSE/AMEX on the date the Options are granted.

 

(iii)   Vesting.   The Option will vest, and may be exercised by you, during the time and so
long as you are actively employed by the Company as its CFO, with respect to (A) one-third (1/3rd) of the Option
Shares (ratably, across all exercise prices) following the end of the first anniversary of the Employment Date; (B) an additional
one-third (1/3rd) of the Option Shares (ratably, across all exercise prices) following the end of second anniversary
of the Employment Date; and (C) an additional one-third (1/3rd) of the Option Shares (ratably, across all exercise
prices) following the end of third anniversary of the Employment Date. Notwithstanding the foregoing (but subject to the following
two paragraphs), the Option will expire 10 years from the date of grant, similar to stock options granted to other executives of
the Company.

   

Withholding
Taxes:  All forms of compensation referred to in this letter are subject to reduction to reflect applicable withholding and
payroll taxes and other deductions required by law.

 

No Fixed Term

 

Your employment with
the Company will be “at will,” meaning that either you or the Company may terminate your employment at any time and
for any reason, with or without cause. Although your job duties, title, compensation and benefits, as well as the Company’s
personnel policies and procedures, may change from time to time, the “at will” nature of your employment may only be
changed in an express written agreement signed by you and a duly authorized officer of the Company.

 

Indemnification

 

In accordance with
the law, the Company’s By-Laws and the terms of any applicable Directors, any Officers Liability Insurance, as may be amended
from time to time, the Company will indemnify you against any and all expenses in connection with any claim or proceeding to which
you are, was or at any time become a party, or are threatened to be made a party, by reason of the fact that you are or were acting
within the scope of your duties as CFO of the Company.

  

Termination

 

If the Company terminates
you without cause, upon your execution, no later than 60 days after such termination, of a general release in the form and substance
acceptable to the Company, you shall receive a lump sum severance payment of twelve (12) months pay. 
Additionally, if the Company terminates you without cause, all outstanding stock options, restricted stock and other equity-based
awards granted to you but which have not vested as of the date of termination shall become fully vested, and all options not yet
exercisable shall become exercisable.

 

    	 

    	 	

    
 

Exhibit 10.1

 

Change in Control

 

In the event that there
is change of control of the Company, you will be entitled to participate in any change in control benefits
that may be available at the time of such an event to executive Company management in accordance with the same terms and definitions
that apply to the Company’s executive managers.

 

Insurance and Benefits

 

You will be entitled
to participate in the Company sponsored benefit plans according to the terms and conditions of each plan or program. You will also
be subject to the terms of the Company’s Employee Manual. You will be entitled to four weeks of vacation annually.

 

Non-Competition Agreement;
Company’s Employee Manual

 

Last, as a condition
of employment, you will be required to enter into the enclosed post employment restrictive covenant.

 

Kindly sign and return
a copy of this letter accepting the terms of this offer at your earliest convenience.

 

We look forward to having
you on our senior leadership team.

 

	 	 	Sincerely,	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	Command Security Corporation	 
	 	 	 	 
	 	 	/s/ Craig Coy	 
	 	 	 	 
	 	 	Craig Coy	 
	 	 	Chief Executive Officer	 

 

 

I have read and accept all the
terms in this employment offer:

 

	/s/ N. Paul Brost	 	 
	N. Paul Brost	 	 
	 	 	 	 
	Dated:	January 11, 2013

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