Document:

Exhibit 10.3

 

No. __________

 

Entrusted Loan Contract

 

Benefactum Alliance Business Consultant (Beijing)
Co., Ltd.

 

    	 	 

     

    

 

Contents

 

	Chapter I	General Provisions	5
	 	 	 
	Chapter II	Intended use of the loan	5
	 	 	 
	Chapter III	Currency, amount and duration of the loan	5
	 	 	 
	Chapter IV	Loan interest rate	5
	 	 	 
	Chapter V	Account opening	6
	 	 	 
	Chapter VI	Withdrawal	6
	 	 	 
	Chapter VII	Repayment	7
	 	 	 
	Chapter VIII	Processing fees of entrusted loan	8
	 	 	 
	Chapter IX	Borrower’s statements, warranties and commitments	9
	 	 	 
	Chapter X	Trustor’s statements, warranties and commitments	11
	 	 	 
	Chapter XI	Trustee’s statements, warranties and commitments	12
	 	 	 
	Chapter XII	Event of default	12
	 	 	 
	Chapter XIII	Miscellaneous	13
	 	 	 
	Chapter XIV	Trustee’s excluded liability	14
	 	 	 
	Chapter XV	Dispute resolution	16
	 	 	 
	Chapter XVI	Effectiveness, modification and termination of this contract	16
	 	 	 
	Chapter XVII	Annex	16
	 	 	 
	Chapter XVIII	Supplementary provisions	16

 

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Entrusted Loan Contract

Borrower:

Address:

Post Code:

Legal representative:

Entrusted agent:

Responsible person:

Tel:

Fax:

Bank:

Account Number:

 

Trustor: Benefactum Alliance Business Consultant (Beijing)
Co., Ltd.

Address:

Post Code:

Legal representative:

Entrusted agent:

Responsible person:

Tel:

Fax:

Bank:

Account Number:

 

Trustor (natural person): N/A

Address:

ID card No.:

Tel:

Bank:

Account Number:

 

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Trustee: Qingdao Weichuang Private Capital Management Co.,
Ltd.

Address:

Post Code:

Legal representative:

Entrusted agent:

Responsible person:

Tel:

Fax:

Bank:

Account Number:

 

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Chapter I           General Provisions

 

For the purpose of the effective use of its
own funds or its legally held funds as an institution, the trustor hereby entrusts its own funds or its legally held funds as an
institution to the trustee , who will issue entrusted loans to the borrower in accordance with the terms and conditions of this
contract.

 

To clarify the rights and obligations of the
three parties, according to the provisions of relevant laws and regulations of China, the following terms are concluded on a voluntary
basis and agreed by the three parties, who will then abide by these terms.

 

Chapter II          Intended use of the loan

 

Article 1: The entrusted loans under this contract
will only be used by the borrower for , but the trustee will bear no responsibility for the borrower’s use of this
loan.

 

Article 2: The borrower shall not change the
intended use of the loan specified in this contract without the prior written consent of the trustor.

 

Chapter III         Currency, amount and duration
of the loan

 

Article 3: Currency and amount (in words) of
the loan under this contract is___________________

 

Article 4:Duration of the loan under this contract is from         /      /      to     /       /      .

 

Chapter IV          Loan interest rate

 

Article 5: Annual interest rate of the loan
under this contract is  . During the term of this contract, should any negotiated adjustment of the interest rate between
the trustor and the borrower occur, the trustee should be notified in writing and begin to calculate interest following the adjusted
rate from the second business day after receiving the notice. The said interest rate shall not be in violation of the provisions
in administrative laws, regulations and rules.

 

Article 6: The interest of the loan under
this contract is payable (annually/ semi-annually/ quarterly /monthly), and the date of payment shall be on ________. If the last
repayment of the loan principal is not on the interest payment day, the borrower shall pay off all interest payable on the day
of the last repayment of the loan principal.

 

Article 7: Interest accrual of the loan under
this contract is based on 360 days per year, and will be charged in accordance with the actual loan amount and days of usage from
the date of withdrawal.

 

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Article 8: If the borrower fails to repay
the loan principal according to the provisions of this contract, the borrower shall pay the interest according to the overdue
penalty interest rate from the overdue date of the loan until the borrower has paid off all principal and interest. The overdue
penalty interest rate shall exceed the interest rate specified in Article 5 by  ____.

 

If the borrowers fail to use the loan in compliance
with the agreed usage in this contract, the borrower shall pay the interest according to the misuse penalty interest rate from
the date when the borrower begins to violate the agreed usage of the loan, until the borrower has paid off all principal and interest.
The misuse penalty interest rate shall exceed the interest rate specified in Article 5 by  ____.

 

Article 9: For interest that the borrower fails
to pay on time, the trustee shall be entitled to charge compound interest at the penalty interest rate.

 

Chapter V         Account opening

 

Article 10: Within
days after this contract is signed, the trustor shall provide an settlement account to the trustee. Bank name:  ________________,
account number: ___________________ (hereinafter referred to as “Trustor Account”), which is used to issue entrusted
loan and receive the principal and interest payment of the loan. The borrower shall also provide a bank account to the trustee
which shall be used specifically for the entrusted loan. Bank name:  _________________, account number: _________________ (hereinafter
referred to as “Borrower Account”), which is used for withdrawals and repaying principal with interest.

 

Chapter VI         Withdrawal

 

Article 11: The trustor shall deposit the full
amount of the entrusted loan fund into the Trustor Account for issuing entrusted loan at least three business days of the trustee
prior to the withdrawal date specified in Article 12.

 

Article 12: After this contract comes into
force, the borrower shall withdraw the fund through__of the following methods:

 

		1.	One-time withdrawal, withdrawal date is         /      /        .

 

		2.	Multiple withdrawal, the specific withdrawal amount and date are as follows:

 

First withdrawal:

 

(1) Withdrawal amount:
in words);

 

(2) Withdrawal date:       /       /       

 

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Second withdrawal:

 

(1) Withdrawal amount:(in words);

 

(2) Withdrawal date:       /
      /       

 

Third withdrawal:

 

(1) Withdrawal amount:(in
words);

 

(2) Withdrawal date:     /
      /       

 

Other agreements:

 

If the withdrawal date is not the business
day of the trustee, then it shall be postponed to the next business day of the trustee.

 

Article 13: When withdrawing, the borrower
shall submit the note for the loan to the trustee . On the withdrawal date, the trustee shall remit the fund of the entrusted loan
from the Trustor Account to the Borrower Account. If fund in the Trustor Account is less than the withdrawal amount, the trustee’s
responsibility of remitting is only limited to the amount in the Trustor Account.

 

Article 14: The borrower shall withdraw the
loan in accordance with this contract, and use the loan under this contract per the intended use of the loan specified in this
contract.

 

Chapter VII         Repayment

 

Article 15: The borrower shall repay the loan
principal and interest on time with the agreed currency in this contract, and remit the payables to account designated by the trustee
on the due date for interest payment or the date for repayment of principal that has been agreed in this contract and on the basis
of Paragraph of the following paragraphs:

 

1. One-time repayment of principal: the borrower
shall repay all loan principal on         /        /           ;

 

2. Multiple repayments of principal : the specific
repayment amount and date are as follows:

 

First repayment:

 

		(1)	Repaid amount of the principal (in words):

 

		(2)	Repayment date: 
                                               /      /      .

 

Second repayment:

 

		(1)	Repaid amount of the principal:(in words);

 

		(2)	Repayment date:         /       /        .

 

Third repayment:

 

		(1)	Repaid amount of the principal:(in words);

 

		(2)	Repayment date:          /       /        .

 

Other agreements:

 

If the repayment date is not a business day
of the trustee, then it shall be postponed to the next business day of the trustee.

 

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Article 16: The borrower shall repay the full
amount of the loan under this contract to the trustee on time on the due date of the loan. Within __ business days of the trustee
after the borrower has repaid the loan, the trustee shall remit the received loan principal and interest into the Trustor Account.

 

Article 17: If the amount repaid by the borrower
on the day of repayment is not insufficient for the payment of that installment, the fund should be used first to pay fees and
secondly to pay the interest due and lastly to repay the loan principal.

 

Article 18: If the loan needs to be rolled
over because the borrower can’t repay the loan under this contract on time, the borrower shall submit formally to the trustor
and the trustee a written loan rollover application within __ business days of the trustee before the due date of the loan. If
it is reviewed and approved by the trustor, the three parties shall sign a separate Entrusted Loan Rollover Contract, which will
be a supplemental contract of this contract. The duration of the entrusted loan rollover shall be in accordance with relevant provisions
of the General Provision of Loan on duration of loan rollover.

 

Article 19: If the borrower wishes to repay
the loan before it is due, the borrower shall submit a written request to the trustor and trustee [ ] business days of the trustee
in advance in order to obtain the written consent of the trustor and trustee.

 

Article 20: If the borrower has repaid the
loan principal and interest through other methods instead of the account provided to the trustee, the trustor and the borrower
shall submit a joint request, which shall be sent together with corresponding repayment proof to the trustee for relevant account
processing, on the basis of which the trustee may reduce the entrusted loan principal. Otherwise, the trustee would consider the
entrusted loan as not being repaid on time.

 

Article 21: In case that the entrusted loan
cannot be repaid as a result of the borrower’s bankruptcy or other reasons, the trustor may terminate the trust relationship
by written notice to the trustee, and the trustee may equally write off the entrusted loan balance; if the trustee has nott received
the written notice from the trustor, the trustee may write off the entrusted loan balance automatically after two years of the
overdue of the entrusted loan.

 

Chapter VIII         Processing fees of entrusted
loan

 

Article 22: The processing fee rate for
the trustee issuing the entrusted loan under this contract is___ of the entrusted loan amount.

 

Article 23: The processing fee will be
charged once for all by the trustee from the trustor on issuance of the entrusted loan, or deducted directly by the trustee
from the Trustor Account maintained with the trustee.

 

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Article 24: The processing fee will not
be affected by whether the entrusted loan is repaid or not or repaid before due date. If the entrusted loan is overdue, it
will be waived in the first month; if it is overdue by more than one month, the processing fee will be charged as per the
agreed rate in the contract.

 

If the trustor approves the loan rollover,
the trustee shall charge the processing fee on the day of signing rollover contract as per the agreed rate in the contract. If
the borrower repaid the loan once for all after the loan is overdue, the trustee may deduct the processing fee on the borrower’s
one-time repayment of the loan principal. If the borrower repays the loan by several installments after the loan is overdue, the
trustee may charge the proceessing fee at each repayment of the loan principal by the borrower.

 

Chapter IX         Borrower’s statements,
warranties and commitments

 

Article25: The borrower hereby makes the following
statements and warranties to the trustor and the trustee:

 

1.         The borrower is a legal entity/other
organization established and legally existing under the laws of China, and has the independent civil capacity and enjoys the full
power, authority and right to bear civil liability and engaged in business activities with liabilities backed by all of its assets.

 

2.         The borrower has full power, authority
and right to sign this contract and conduct the transactions under this contract and has taken or obtained all necessary corporate
actions as well as other actions and consent to authorize the signature and performance of this contract. This contract is validly
signed by the legal representative or the entrusted agent of the borrower.

 

3.         The borrower has obtained the approval
of all government departments and the consent of the third party required for signing this contract. The borrower is signing and
implementing this contract without violating its incorporation document for legal body or the document of approval (if any) as
well as any of the contracts or agreements it signed as a party.

 

4.         All document, material, statements and
certificates provided by the borrower to the trustee for the purpose of signing this contract and executing the transactions under
this contract are true, complete, accurate and effective.

 

5.         This contract is lawful and effective,
and constitutes a legally binding obligation to the borrower.

 

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6.         There is no litigation, arbitration or
administrative procedure of the borrower which may generate a material adverse effect to its capability to perform its obligations
under this contract. The borrower has maintained a good business record and has a sound financial system and internal control system.
The financial statements submitted by the borrower are a true reflection of the financial position at their issuance.

 

7.         The borrower does not conceal any occurred
or upcoming events that may lead to the trustor’s disapproval to issue the loan under this contract.

 

8.         The borrower has carefully read and fully understood and accepted the contents of this contract, and it signs and performs this
contract voluntarily. All its declarations of intent under this contract are authentically expressed.

 

Article 26: The borrower hereby makes the following
commitments to the trustor and the trustee:

 

1.         Provide truthfully the materials needed during the investigation and review process before loan (except those cannot be provided
as per the legal provisions) and actively cooperate with the investigation and review of the trustee; use of the funds of entrusted
loan shall be in compliance with regulatory policies.

 

2.         The trustor and trustee shall be informed
by 30 business days of the trustee in advance in writing of any change in the borrower’s name, legal representative or legal
address during the loan period.

 

3.         Before paying off all its debts under
this contract, if the borrower plans to take such actions as contract leasing, shareholding reform, joint operation, merger, acquisition,
joint venture, separation of assets, transfer of assets, application for suspension of business for rectification, application
for dissolution, bankruptcy filing, or other actions that are significant to cause changes of the creditor's rights and debt relations
of this contract or that may affect the trustor or trustee ’s rights, the borrower shall notify the trustor and the trustee
in writing by 30 business days of the trustee in advance and obtain the written consent of the trustor. At the same time, the responsibilityy
for debt repayment or liquidation before due date shall be clarified, or the said actions shall not be carried out.

 

4.         During the term of this contract, the
borrower shall not, without the written consent of the trustor, bear debts, provide guarantee and warranty for other enterprises
as legal bodies, organizations or individuals, or set mortgage or pledge with its assets, rights and interests, which may be sufficient
to adversely affect the borrower’s ability to repay its loan under this contract.

 

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5.         The borrower shall notify the trustor and trustee immediately in writing in case of any events beyond the afore-mentioned events
which are detrimental to its normal operation or may cause major adverse effects to the borrower’s ability to perform its
repayment liabilities under this contract.

 

Chapter X         Trustor’s statements,
warranties and commitments

 

Article 27:The trustor hereby makes the following
statements and warranties to the borrower and the trustee:

 

1.         The trustor has full
power, authority and right to sign this contract and conduct the transactions under this contract and has taken or obtained all
necessary corporate actions as well as other actions and consent to authorize the signature and performance of this contract. This
contract is validly signed by the legal representative or the entrusted agent of the trustor.

 

2.         The trustor has obtained the approval
of all government departments and the consent of the third party required for signing this contract. The trustor is signing and
implementing this contract without violating its incorporation document for legal body or the document of approval (if any) as
well as any of the contracts or agreements it signed as a party.

 

3.         The loan funds provided by the trustor
are its own funds or its legally held funds as an institution, of which it holds the ownership and right to control.

 

4.         This contract is lawful and effective,
and constitutes a legally binding obligation to the trustor.

 

5.         The borrower of the entrusted loan under
this contract shall be designated by the trustor. The amount, usage, interest rate and duration of the loan are all confirmed by
the trustor.

 

6.         The trustor signs and performs this contract
voluntarily and all its declaration of intent under this contract are authentically expressed.

 

Article 28: The trustor hereby makes the following
commitments to the borrower and the trustee:

 

1.         The trustor will deposit its own funds
into the Trustor Account as per the provisions of Article 11 of this contract and ensures that the balance in this account can
meet the borrower’s withdrawal amount stipulated in this contract.

 

2.         The loss risk of the loan under this
contract shall be borne by the trustor and the trustee will bear no responsibility for any loan loss.

 

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Chapter XI         The trustee’s statements,
warranties and commitments

 

Article 29: The trustee hereby makes the following
statements and warranties to the borrower and the trustor:

 

1.         The trustee is a non-banking financial
institution established and validly existing under the laws of China. It has full power, authority and right to sign this contract
and conduct the transactions under this contract and has taken or obtained all necessary corporate actions as well as other actions
and consent to authorize the signature and performance of this contract. This contract is validly signed by the legal representative
or the entrusted agent of the trustee.

 

2.         The trustee signs and performs this contract
voluntarily, and all its declarations of intent under this contract are authentically expressed.

 

Article 30: The trustee hereby makes the following
commitments to the borrower and the trustor:

 

1.         The trustee will provide necessary assistance
for the trustor to investigate the borrower's credit and to handle related loan procedures. But the trustee is not responsible
for reviewing the borrower's credit status, financial status and the feasibility of the loan project and will not express any opinions.

 

2.         The trustee will issue the loan according
to the stipulations of this contract.

 

3.         The trustee will collect principal and
interest of the loan according to the stipulations of this contract.

 

Chapter XII         Event of default

 

Article 31: Any of the following events shall
constitute a default by the borrower under this contract:

 

1.         The borrower fails to pay interest or
repay the principal on schedule as stipulated in this contract;

 

2.         The borrower does not use the loan as
prescribed in this contract;

 

3.         The borrower provides such other financial statements as Balance Sheet or Profit and Loss Statement that are false or omitting
important facts; or the borrower refuse to accept the supervision of its use of the loan and its production, operation and financial
activities;

 

4.         The statements, warranties and commitments
made by the borrower under this contract are proven to be untrue or misleading;

 

5.         The borrower fails to perform the commitments
or other obligations under this contract;

 

6.         The borrower's business and financial
situation have materially deteriorated;

 

7.         When a borrower or guarantor is merged,
separated or reorganized in a shareholding reform, the borrower fails to make a repayment arrangement or a debt restructuring plan
satisfactory to the trustor and the trustee;

 

8.         The borrower is bankrupt, dissolved,
closed, revoked, suspended or cancelled.

 

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Article 32: On occurrence of any of the said
borrower default, the trustee will be entitled to take any one or several of the following measures after obtaining the consent
of the trustor (or at the trustor’s request):

 

1.         Ask the borrower to cure the breach within
a definite time;

 

2.         Stop using or cancel the amount of loan
that the borrower has not yet withdrawn;

 

3.         Mail collection notice to the borrower
according to the trustor's written instructions;

 

4.         Declare that all outstanding loans due
immediately and require the borrower to immediately repay the principal, interest or other accounts payable of all outstanding
loans.

 

Article 33: Any of the following events shall
constitute a default by the trustor under this contract:

 

		1.	Failure to deposit (or wire in) full amount of the loan in the Trustor Account opened with the
trustee as agreed in this contract;

 

		2.	The source of the entrusted loan funds is not lawful or non-compliant;

 

		3.	The trustor violates its other obligations under this contract.

 

Article 34: On the occurrence of any of the
above trustor defaults ,the borrower or the trustee shall have the right to take any one or several of the following measures:

 

		1.	Require the trustor to cure the breach within a specified period;

 

		2.	The trustee shall have the right to refuse to handle the entrusted loan business for the trustor;

 

		3.	If the trustor causes losses to the borrower and the trustee, the borrower and the trustee shall
have the right to demand remedy from the trustor.

 

Article 35: The trustor is responsible for
the collection of loans and the trustee is solely responsible for assisting the trustor to issue and mail the interest payment
notice and loan collection notice on behalf of the trustor. If the loan collection work needs to be litigated, the trustee may
file a lawsuit as the plaintiff on the condition of obtaining the written consent of the trustor. But all expenses incurred thereby
shall be borne by the trustor and the trustee will not advance any fees. The trustor shall bear all the consequences arising from
its failure to pay any expenses in time.

 

Chapter XIII         Miscellaneous

 

Article 36: Without prior written consent of
the trustor, the borrower shall not assign or otherwise dispose of all or part of its obligations under this contract.

 

Article 37: During the term of this contract,
the trustee shall have the right to inspect the loan usage, and the borrower shall, at the request of the trustee, provide relevant
statements and data to the trustee.

 

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Article 38: Any grace, preference or forbearance
given by the trustor to the borrower will not affect, damage or limit any rights enjoyed by the trustee in accordance with this
contract and the laws and regulations; neither will this be regarded as the trustor's waiver of rights and interests under this
contract, nor will it affect any liability and obligation of the borrower under this contract.

 

Article 39: If, at any time, any provision
of this contract is or becomes illegal, invalid or unenforceable in any respect, the legality, validity or enforceability of other
provisions of this contract shall not be affected or reduced.

 

Article 40: Any amendments and supplements
to this contract shall be made in writing and shall be signed by all parties hereto.

 

Article 41: The subheadings in this contract
are for the convenience of reading and shall not be used for the interpretation of this contract or for any other purposes.

 

Article 42: Notices and requests related to
this contract sent by the parties hereto to each other shall be in writing and sent to the address or fax of the parties listed
on the first page of this contract. If any party changes its address or fax, it shall notify the other parties in time.

 

Article 43: Documents among the parties, if
delivered by specially-assigned person, shall be deemed to have been delivered after delivery; if sent by registered mail, it shall
be deemed to have been delivered three days after the registered letter is sent off; if sent by facsimile, it shall be deemed to
have been delivered upon sending.

 

Chapter XIV         Trustee’s excluded liabilities

 

Article 44: The trustor shall examine the borrower's
eligibility, credit status, financial status and the feasibility of the loan project by itself as per the General Provisions of
Loan. The trustee has no obligation to be responsible for or to make any comment on the above situation.

 

Article 45: The trustor shall examine the guarantor's
credit status and collateral (or pledge) status by itself and be responsible for supervision of the properties collateraized (or
pledged). The trustee has no obligation to be responsible for or to make any comment on the above situation.

 

If, according to the trustor's request, the
loan under this contract is secured by the borrower or a third party, and, at the request of the collateral (or pledge) registration
department, the collateral (or pledge) shall be registered with the trustee as the collateral (or pledge), thetrustor will entrust
the trustee to sign the corresponding collateral(or pledge) contract in the name of the trustee. The trustee is not holder of the
collateral rights (or pledge rights) in the legal sense, and it acts as the holder at the request of the trustor, for the purpose
of cooperating with the collateral (or pledge) registration department for collateral (or pledge) registration, and the legal relationship
of entrusted loan shall not be changed for this reason. The actual bearing of the rights and obligations of the collateral (or
pledge) in the collateral (or pledge) contract and the relevant legal documents shall be the trustor. The trustor acknowledges
the content of the collateral (or pledge) contract signed by the trustee according to the trustor's delegation, and voluntarily
bears all the legal consequences arising from the signing of the collateral (or pledge) contract by the trustee. Any dispute arising
therefor shall be resolved by the trustor and the guarantor, and the trustee undertakes no liability.

 

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Article 46: The trustor shall be responsible
for loan collection and preservation work, and the trustee is solely responsible for assisting the trustor to issue and mail the
interest invoice and loan collection notice on behalf of the trustor. And,

 

(1)         When the borrower/guarantor’s
address is changed without notifying the trustee, but the trustee sends the interest invoice and the loan collection notice to
its original address, the trustee shall not be responsible for the undelivered documents.

 

(2)         When the trustee sends the interest
invoice and the loan collection notice (either intra-city or cross-region), the mailing slip may act as the certificate of mailing.
No matter whether the borrower/guarantor receives the mail, the loan collection notice and the copy of interest invoice sent by
the trustee and the certificate of sending the letter should be retained for future reference.

 

(3)         After the trustee has mailed the interest
invoice and the loan collection notice, if the trustor asks whether the borrower/guarantor has received the relevant documents,
the trustee may assist within its capacity and scope and make records. The relevant expenses shall be paid by the trustor
or included in the handling charge.

 

Article 47: If the trustor does not receive
the loan principal and interest, the trustee shall not bear any liability except for the reason of the trustee’s own fault.

 

(1)         The trustor has no right to require
the trustee to make the payment or repay part or all of the principal and interest of the loan;

 

(2)         The trustor promises that: all claims,
requests, lawsuits and related compensation, damages, costs, expenses, losses and liabilities made by the borrower to the trustee
for its losses caused by the trustor and the representative shall be borne by the trustor, who will also indemnify the trustee
for losses incurred accordingly.

 

(3)         The trustor promises
that: the trustor agrees to give up its rights to make any claim, request or litigation to the trustee when it suffers any losses
caused by the trustee’s performance of any notice and instruction of the trustor and its representatives under the Entrusted
Loan Contract.

 

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Chapter XV         Dispute resolution

 

Article 48: The disputes arising out of the
performance of this contract shall first be settled by the three parties through negotiation; if the negotiation fails, the court
where the trustee is located shall be used to settle the dispute through litigation.

 

Chapter XVI         Effectiveness, modification
and termination of this contract

 

Article 49: This contract shall come into effect
as of the date when the legal representatives of the three parties or their entrusted agents sign or stamp or seal the official
seal on the contract.

 

Article 50: After this contract comes into
effect, no party shall unilaterally modify or terminate the contract. If the contract is subject to change or cancellation, the
three parties shall conclude a written agreement through negotiation. The terms of this contract shall remain in effect until the
written agreement is reached.

 

Chapter XVII         Annex

 

Article 51: For matters not covered in this
contract, the parties may reach a written agreement separately as an annex to this contract.

 

Chapter XVIII          Supplementary provisions

 

Article 52: This contract is entered in three
original copies, one copy for the borrower, the trustor and the trustee each. All three copies have the same legal effect.

 

Article 53: this contract is signed on        /       /         in _____________.

 

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The borrower (Seal):

 

Legal Representative:

(Or entrusted agent)

 

The Trustor (Seal):

 

Legal Representative:

(Or entrusted agent)

 

The trustee (Seal):

 

Legal Representative:

(Or entrusted agent)

 

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Agreement/Contract No._________

 

Note: this page is retained by the trustee
only for record purpose, but not by any other contracting parties.

 

The above seals have been signed in front of
two witnesses.

 

Primary responsible person:          Assistant:

 

    	18Exhibit 10.4

 

Benefactum
Alliance Business Consultant (Beijing) Co., Ltd.

Entrusted
Loan Guarantee Contract

No.:                                                                 

 

Guarantor: See the signature page of this
contract.

Creditor: See the signature page of this
contract.

(For details, see the first clause of Annex
I of this contract)

 

To guarantee the performance of the debt under
the "Main Contract" referenced in Article 1 of this contract, the Guarantor is willing to provide guarantee to the Creditor.
The parties have entered into this contract through equal negotiation. Unless otherwise agreed herein, the terms of this contract
shall be determined according to the Main Contract.

 

Article 1     Main Contract

The Main Contract information is shown in Clause
2 of Annex I at end of this contract.

 

Article 2     Principal Debt

The debt under the Main Contract constitutes
the principal debt of this contract, including the principal and interest (including interest, compound interest and default interest),
default penalty, damage remedy, expenses for Creditor rights redemption (including but not limited to lawsuit fee, attorney’s
fee, notary fee and execution fee etc.), Creditor’s losses caused by borrower default and all other payable expenses.

 

Article 3     Scope of Guarantee

The guarantee scope is specified in Clause
3 of Annex I of this contract.

 

Article 4     Guaranty Liability

If the borrower fails to repay the debt under
the Main Contract terms in a timely manner, the Creditor shall have the right to require the Guarantor perform the guaranty liability
in accordance with the provisions of the contract.

If the principal debt has other collaterals
or guarantees in addition to this contract, any of the Creditor's rights under this contract and their fulfillment shall not be
affected.

 

Article 5     Term of Guarantee

The guarantee period of this contract shall
be two years after expiration of the performance period of the Principal Debt.

 

    	 	 	 

     

    

 

If the principal debt is fulfilled in
stages, the guarantee period shall start from the effective date of this contract until two years after the expiration of the performance
period for the last stage of debt fulfillment.

 

Article 6     Relationship
between the Main Contract and this contract

The Guarantor shall still be liable for the
debts already incurred under the Main Contract when parties of the Main Contract terminate the Main Contract or have the Main contract
expire before its due date.

The parties of the Main Contract may agree
to modify the Main Contract without the consent of the Guarantor, except for modifications that involve the changes in currency,
interest rate, amount and term, or other changes that may increase the amount of the principal debt or extend the term of the Main
Contract. The Guarantor shall still undertake the liability of guarantee for the modified Main Contract. However, change of interest
rate due to adjustment of national interest rate policy does not require the consent of the Guarantor.

Under the circumstances when the consent of
the Guarantor is required for any change, if the written consent of the Guarantor is not obtained or the Guarantor refuses, the
Guarantor shall not be liable for the increase in the amount of the Principal Debt, and term of guarantee shall be the original
period even if the term of the Main Contract is extended.

 

Article 7     Guarantee and
Commitment

1. The Guarantor has the
full capacities for civil rights and action required to sign and perform the contract.

2. All documents, materials
and vouchers provided by the Guarantor to the Creditor are accurate, true, complete and valid.

3. The Guarantor does not
conceal to the Creditor any major liabilities it has assumed and guarantees it has provided to others when signing this contract.  

4. The Guarantor promises
that: if the Guarantor is a third party and a company, when providing this guarantee, it has been approved by its board of directors,
shareholders' meeting and the resolutions of the shareholders' meeting in accordance with the provisions of laws, regulations,
regulatory requirements and articles of incorporation. If the company's articles of incorporation contain a limit on the total
amount of guarantee and the amount of a single guarantee, the guarantee under this contract does not exceed the prescribed limits.

5. Signing and performing
this contract does not violate any contracts, agreements or other legal documents that are binding to the Guarantor. The Guarantor
has obtained or will obtain all the necessary approval, permission, filing or registration required for this guarantee.

 

    	 	 	 

     

    

 

Article 8     Default events
and remedy

1. Any of the following
events constitutes or shall be deemed as Guarantor default under this contract:

(1) Failure to perform the
liability of guarantee timely according to the provisions of this contract.

(2) Occurrence of events
which may affect the Guarantor’s financial status and performance capability, including but not limited to involvement in
significant lawsuits or arbitration cases or assumption of major liabilities, which have seriously affected the financial status
and performance capability of the Guarantor.

(3) Termination of business,
dissolution, revocation, or bankruptcy of the Guarantor as an enterprise.

(4) Violation of other provisions
about the rights and obligations of the parties.

(5) The Guarantor is in
breach of other contracts it signed with the Creditor or other institutions associated with the Creditor.

2. In the event of a default
case specified in the preceding paragraph, the Creditor shall have the right to take the following measures separately or simultaneously
according to the specific situation:

(1) To require the Guarantor
correct its default within a specified time limit.

(2) To suspend or terminate
accepting all or part of the Guarantor’s business application under other contracts. To suspend or terminate issuing and
processing all or part of unissued loans and trade financings not yet processed.

(3) To declare expiration
of all or part of the principal and interest of the Guarantor’s unpaid loans/trade financings and other payables under other
contracts.

(4) To terminate or cancel
this contract; to terminate or cancel all or part of other contracts signed between the Guarantor and the Creditor.

(5) To require the Guarantor
to compensate the Creditor for the loss caused by the Guarantor’s breach of contract, including the expenses of attorney’s
fee, lawsuit fee and other expenses related to fulfillment of Creditor's rights.

(6) Other measures that
the Creditor deems necessary.

 

    	 	 	 

     

    

 

Article 9     Dispute resolution

All arguments and disputes arising from the
performance of this contract shall be first settled through bilateral negotiation. If negotiation fails, the parties agree to adopt
the same dispute resolution as agreed upon in the Main Contract.

During the dispute settlement, if the dispute
does not affect the performance of other provisions of this contract, these other provisions shall continue to be performed.

 

Article 10     Others

1. In the performance of
this contract, the Guarantor may provide the Creditor with relevant information about the Guarantor, which the Creditor may not
obtain through public sources. Such information shall constitute confidential information of the Guarantor. Except the following
circumstances, the Creditor shall not disclose the confidential information to any third party:

(1) Written consent or authorization
by the Guarantor;

(2) The Creditor is obliged
to disclose according to relevant laws and regulations or required by competent authorities such as the judicial or administrative
authorities.

(3) When needed by tax,
audit, legal services or during performing this contract, the Creditor discloses the information to an intermediary agent or other
third parties who bear the same confidentiality obligations.

Disclosure under the above
circumstances may give a third party access to confidential information of the Guarantor and to provide services to the Guarantor
according to law or to take actions that may involve the Guarantor.

2. The Guarantor’s
place of residence and telephone number specified in this contract are for communication and contact under this contract, to which
all statement of accounts, collection notice and legal and litigation documents relating to the loan under the Main Contract shall
be sent. The Guarantor undertakes to notify the Creditor in a timely manner of any changes in communication and contact information.
Otherwise, all documents delivered by the Creditor according to the contact information specified in this contract shall be deemed
as effectively served and the relevant economic and legal liabilities arising therefrom shall be borne by the Guarantor.

3. Other agreements:

 

Article 11     Annexes

The following annexes and
other annexes confirmed by both parties constitute an integral part of this contract and have the same legal effect as this contract.

Annex I: Special terms

The parties of this contract
confirm that the signature or seal of the parties hereto on this contract shall be deemed as acknowledgement of the annexes to
this contract. Unless required by the Creditor, the Guarantor need not to sign or seal on “Annex I: Special Terms”
separately.

 

    	 	 	 

     

    

 

Article 12     Authorization
for credit information

1. The Guarantor authorizes that under the
following circumstances, the Creditor may check the credit report of the Guarantor through the financial credit information database:

(1)When reviewing the Guarantor’s
application for guarantee;

(2)When conducting post-loan
management for the loans or guarantees under the Guarantor's name;

(3)When accepting a loan
application from a legal entity or other organizations, or when the Creditor as a Guarantor needs to look up credit status of the
Guarantor as a legal representative or financier.

The Guarantor also authorizes that the Creditor
can submit the Guarantor's credit information to the financial credit information database.

2. The Guarantor declares that: I fully understand
and clearly know that if I have a default event under this contract, the Creditor will send my negative credit information to the
financial credit information database and show it in my credit report. If the above negative credit information is submitted, the
Creditor may notify the Guarantor via the following methods. The Guarantor’s contact information shall be the contact information
of the Guarantor specified in this contract or changed in accordance with the provisions hereof: (Note: check where applicable)

√ Text
message

√ Telephone

√ E-mail

X Other means: X

(Note: This Guarantor declaration is not applicable
when the Guarantor is an organization.)

3. The Guarantor knows and understands that
term of the above authorization starts from the date of the Guarantor’s signing of this contract and remains effective till
date of settlement of the loan guaranteed by the Guarantor under this contract. The Creditor shall bear all the consequences and
legal liabilities arising from its inquiries that are beyond the above authorization.

 

Article 13     Contract Effectiveness

This contract shall come into effect upon the
following conditions:

1. The Guarantor signs the contract (when the
Guarantor is a natural person) or the legal representative/person in charge of the Guarantor or its authorized signatory signs
and stamps official seal on the contract (when the Guarantor is an organization).

2. The person in charge of the Creditor or
its authorized signatory signs and stamps the official seal.

 

    	 	 	 

     

    

 

This contract is entered in two original copies,
with each party (when the Guarantor is not the borrower) holding one original copy, and all the original copies have the same legal
effect.

 

The Guarantor declares that: content of this
contract have been negotiated with me and been fully informed and explained by the Creditor. I have understood and agreed to the
entire content of this contract.

  

	Guarantor: 	 	Creditor: 
	 	 	 
	Legal representative/person in charge or

 authorized signatory:	 	Legal representative/person in charge or 

authorized signatory:
	 	 	 
	Date: 	 	Date: 

 

    	 	 	 

     

    

 

Annex I:     Special signing
terms

(Fill in where applicable, “/”
if not applicable.)

 

	I.       Information of the signing parties
	(I)       Guarantor information (applicable when the Guarantor is a natural person)
	Name	/
	ID card No.	/
	Address	/
	Postal code	/
	Tel (Mobile phone)	/
	(II)       Guarantor information (applicable when the Guarantor is an organization)
	Name	 
	Business license number	 
	Legal representative	 
	Address	 
	Postal code	 
	Tel	 
	Fax	 
	Account opening financial institution and account number	 
	(III)       Creditor Information
	Name	 
	Person in charge	 
	Address	 
	Postal code	 
	Tel	 
	Fax	 

 

	II.       Main Contract information
	The Main Contract is: the following contract signed by the Creditor and borrower as well as its amendment or supplement.
	Name of the contract	Entrusted Loan Contract
	Contract No.	 

 

	III.       Scope of guarantee
	/	Staged joint and several liability guarantee
	Starting from the date ___, the Guarantor shall not assume any new guarantee obligations and responsibilities under this contract. However, the debts under the Main Contract which has occurred prior to this date constitute the Principal Debt of this contract, for which the Guarantor shall be liable.
	√	Full-term joint and several liability guarantee
	All debts under the Main Contract constitute the Principal Debt of this contract, for which the Guarantor shall be liable.

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