Document:

Contract of Trust loans

 

Exhibit 10.49

 

Contract of trust loans

 

NO: 【HY
17-027-007-001】

 

Wuhan Huayuan Technology Development
Limited

 

【6】Month【
2017 】Year

 

    	 		 

    Contract of Trust loans

    

 

Contract of trust loans

 

Lender (Party A): Wuhan Huayuan Technology
Development Limited

Address: No. 8, Hanhuang Road, Jiang’an
District, Wuhan city 

Zip code: 430000

Legal representative: Zhihong Jia 

Fax: 027-65694977

Tel: 027-65694977

 

The borrower (Party B): Wuhan Kingold
Jewelry Co., Ltd. 

Address: No. 15, Huangpu Science and
Technology Park, Jiang’an District, Wuhan City

Zip code: 430023

Legal representative: Zhihong Jia 

Fax: 027-65694977

Tel: 027-65694977 

 

Herein:

 

In accordance with the relevant
laws and regulations, the two parties concluded this contract through consultation to comply with the implementation together.

 

    	 	- 1 -	 

    Contract of Trust loans

    

 

Article 1 The contents of
the loan

 

		1.1	Amount of Loan

 

The contract
under the loan amount is not more than RMB [100,000,000.00], Capital: RMB [one hundred million] yuan as a whole. 1.2 Terms of Loan

 

(1) The
term of the loan under this contract is the following 1:

 

1
The term of the loan is [ ] months, from the [8] date, [6] month [2017] year to [8] date [6] month [2021] year. The loan
period from the date of payment, unless the agreement in accordance with the agreement, the Party B shall not make the
repayment in advance;

 

2
The loan period is [] month, the surrender period of loans to the date of payment of the first phase of the loan which is
reach to [] month is the corresponding days; the first phase of the loan payment is the corresponding date for each period of
the maturity date of the loan;

 

3
Loan period for the surrender of the loan period is corresponding with the date of final issue of the loan which is full []
months, and the last issue of the loan is full [] months with the corresponding date for the loan maturity date;

 

4
Loan installment payment, each installment of the loan for a period of [] months, since the loans to the loans granted full
[] months corresponding, and the period of the loans issued full [] months corresponding, expiry date for the loan;

 

(2)On
issuing loan, Party B shall fill in borrowing IOU with specific amount of the loan.

 

		1.2	Interest rate of loan

 

The calculation
of interest under this contract shall be subject to the provisions of article third of this contract.

 

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    Contract of Trust loans

    

 

		1.3	Purpose of loan

 

1.4 The purpose of the loan
under this contract is the following (2):

 

(1)all
trust loans under the contract are used in the construction of the project;

 

(2)to
provide liquidity loans to Party B.

 

Article
2 Release of loan

 

2.1 Once
a loan shall be transferred to the account of Party B, Party B is deemed to bear the loan

 

2.2 Under
this contract, Party B’s account information is as follows:

 

Opening Bank: branch of the
China Construction Bank, road 4 branch of Lake

 

Account Name: Wuhan Kingold
jewelry Limited by Share Ltd

 

Account No: 42050110242500000003

 

2.3 Party
B shall, in accordance with the agreement or by Party A written approval of the consent of the use of paragraph (or application)
drawing, unless the lender agreed in writing, the borrower may not advance, postpone or cancel the withdrawal. During the loan
period, without the written consent of Party A, Party B shall not cancel the loan account.

 

Article
3 Interest of loan

 

The parties
agree on a fixed interest rate of 7% /year for this loan. The Interest should be paid monthly.

 

Article
4 Loan principal repayment

 

4.1 Except
otherwise stipulated in this contract, Party B as any other contract party to Party B the repayment of funds sources of any agreement,
the agreement was not affected and against Party B to perform this contract under the terms of payment of principal and interest
obligations.

 

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    Contract of Trust loans

    

 

4.2 Party
B shall repay all the principal of the loan before the maturity date of the loan. Party B shall repay the principal of the loan
in accordance with the following (1):

 

(1)Lump
sum, Party B shall repay all the principal of the loan on the maturity date of the loan.

 

(2) On
the day of the month of the date of the full moon, Party B shall pay back the principal of the loan. Party B shall repay all outstanding
principal balances on the maturity date of the loan.

 

(3)
Each loan from the date of each full [] months of the corresponding date, B direction of the first party to repay the loan
principal [million], while the interest of the. Party B shall repay all the principal balance on the maturity date of the
loan.

 

(4)
Each loan from the date of each full [] months of the corresponding date, B direction of the first party to repay the loan
principal [], while the interest of the. Party B shall repay the principal balance of the loan at maturity on the maturity
date of each period of the loan.

 

4.3 Party
B shall pay to Party A the loan principal, interest, and such as breach of this contract shall be paid to party a penalty interest
and compound interest, default damages and compensatory damages, the contract of all payments, should be merged in the following
account designated by Party A:

 

Bank:

 

Account Name:

 

Account NO:

 

4.4 Party
B in accordance with the contract agreed in advance of the repayment, must advance [15] a written application to Party A, the party
a written consent before the repayment, the contract otherwise agreed.

 

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    Contract of Trust loans

    

 

Article
5 Guarantee measures

 

5.1 The guarantee
for the loan under this contract is:

 

Borrowers
[Wuhan kingold Co., Ltd.] under this contract trust loans provide pledge. And No. CON2017070709-5 the pledge contract shall prevail.

 

Article
6 Repayment order

 

6.1
If the amount of money paid by Party B is less than the total amount paid in accordance with the terms of this contract, the payment
shall in accordance with the following order:

 

6.1.1
Payment of expenses, damages and liquidated damages payable in accordance with the provisions of the contract or in accordance
with the provisions of this contract;

 

6.1.2 Pay
the penalty, interest;

 

6.1.3
Interest payable;

 

6.1.4
Payment of principal.

 

6.2 The
amount of money paid by Party B is not enough to pay off all the money in the same order, and shall be paid in accordance with
the proportion of the occurrence of the relevant payment.

 

Article
7 Maturity of the loan

 

7.1 Party B
shall, in accordance with the contract, put forward the application for repayment ahead of schedule, and Party B may advance some
or all of the repayment after Party A's written consent, except as otherwise provided in this contract.。

 

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    Contract of Trust loans

    

 

7.2 Party
B shall, in accordance with the contract, put forward the application for repayment ahead of schedule, and Party B may advance
some or all of the repayment after Party A's written consent, except as otherwise provided in this contract;

 

7.2.1 Party
B fails to draw money in accordance with the contract, or fails to use the loan fund in accordance with the provisions of article
1.4 of this contract;

 

7.2.2 Party
B fails to comply with the commitments, or the loan application materials and procedures provided by the false ingredients;

 

7.2.3 Party
B is forced or voluntarily closed down;

 

7.2.4 Party
B shall be considered by Party A to affect the major operating errors or changes in the financial position of the loan security;

 

7.2.5 Party
B shall be subject to administrative sanctions and judicial sanctions against major illegal business operations;

 

7.2.6 If Party
B has the right to affect the ability to pay for the transfer, without prior notice to Party A or although the notice but without
Party A's written consent;

 

7.2.7 Party
B shall have the circumstances of separation, merger, liquidation, reorganization, revocation, bankruptcy, dissolution, etc. that
may affect the safety of the loan.;

 

7.2.8 Party
B fails to repay any principal or interest on time in accordance with the contract;

 

7.2.9 Party
B misappropriation of loans;

 

7.2.10 Party
B breaches the contract with Party A or other third party for other loan, loan and credit;

 

7.2.11 Party
B in the bank account of the occurrence of the seizure, freezing, withholding funds and other legal enforcement measures or enforcement
measures, the party that has affected the repayment capacity of Party B;

 

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    Contract of Trust loans

    

 

7.2.12 Party
B is being sued by other creditors for major debt disputes or by the court to make the seizure, freezing, seizure of property or
by the court to enforce the ruling;

 

7.2.13 Party
B fails to subscribe to the trust industry security fund;

 

7.2.14 Party
B violates other provisions of this contract.;

 

7.2.15 Other
cases where Party B is considered to affect the safety of loan.

 

7.3 Not the
prior written consent of Party A, Party B in advance to return debt contract under the loan in full or in part, Party A has the
right to request Party B to deadline for repayment of the principal contract all loan principal and interest.

 

7.4 If 7.1
prepayment conditions occur, the interest rate of the loan in advance shall be calculated according to the actual number of surviving
days of the loan, and the interest paid by Party A shall not be refunded.

 

and 7.3 paragraph,
loan interest according to the contract interest rate and interest during the calculation to the agreed loan maturity. At the same
time, Party B shall also be to Party A to pay the contract agreed by the principal, penalty interest and compound interest, default
payment, compensation etc.

 

7.5 Party
B shall not cancel the agreement: Party A shall have the right to require Party B to pay off all the debts in advance according
to the requirements of the client. Party A hereby announces that the loan is due in advance, and Party B shall, in accordance with
the requirements of Party A, pay off all the debts under this contract.

 

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    Contract of Trust loans

    

 

Article
8 Information disclosure

 

8.1 Party
B shall, in accordance with the following requirements, disclose the relevant information to Party A in a timely manner:

 

8.1.1 During
the trust loans under this contract, Party B shall annually in [/], [/] months ago [/] to submit a quarter financial report within
five working days every year. [/] month and caring] recently submitted in the first half of the full set of financial report every
year. [/] month and caring] recently submitted will gauge accountants audit the fiscal year of the full set of financial statements
(including balance sheet, income statement, cash flow statement and audit report);

 

8.1.2 such
as change of enterprise name, domicile, registered capital, business scope, company type, amendments to the articles of association
of the company and equity structure changes, or in the aspects of financial, business occurred significant changes, should advance
[10] working days prior written notice to Party A, and after the completion of the change of will relevant information of Party
A for the record. Party B legal representative or responsible person in charge of a significant change, should be in the event
of changes [10] written notice within a working day;

 

8.1.3 Party
A shall have the right to request Party B to provide the important and dynamic information of the use of loan funds at any time,
and Party B shall provide timely.

 

Article
9 Supervision of the use of loan

 

9.1 The contents
of Party A shall include but not limited to:

 

9.1.1 Party
B operating conditions and performance is good, there is no major accident, whether it involves a major litigation seriously affect
the repayment capacity;

 

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    Contract of Trust loans

    

 

9.1.2 Other
circumstances that Party A considers to be checked.

 

9.2 If Party
A in process inspection found that Party B is not according to the contract agreed by the uses use to borrow funds, have the right
to take, including but not limited to announce in advance loan maturity, impose a punitive interest and require Party B to the
deadline to be correction measures, and require Party B to assume the liability for breach of contract.

 

Article
10 Lender / Party A's statement and guarantee

 

10.1 The
loan person shall have completed the internal authorization procedure required by this contract, and signed this contract is the
effective authorized representative of the lender, and this contract shall be effective as to the lender;

 

Article
11 Statement and guarantee of the borrower / Party B

 

11.1 Party
B is enterprise legal person which register establishment and exist in administrative department for Industry and commerce in accordance
with the law, which hold a valid business license, has the ability to remain in good operating condition, the right to operate
the business related to the use of the loans under and the contract, and has the right to sign and the performance the contract;

 

11.2 Party
B has completed all authorization procedures for the signing of the contract required. Party B has got the approval and authorization
of the transaction issued by the authority for examination and approval. Party B's effective authorized representative sign this
contract and once the contract signed which has a legal binding to Party B;

 

11.3 Party
B shall ensure that all the documents provided by Party B are true, accurate, legal and effective, and the copies of the documents
presented are in conformity with the original;

 

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    Contract of Trust loans

    

 

11.4 The
financial statements provided by Party A in accordance with the existing laws and regulations as well as the generally accepted
accounting standards, the true and accurate reflection of the financial position of Party B during the reporting period;

 

11.5 Party
B signs or performs the obligations under the contract does not violate any other agreement, administrative regulations or the
company articles of association, there will not exist any legal and business interests conflict with the other agreement, administrative
regulations or the company's articles of incorporation’

 

11.6 Party
B shall not conceal any of the circumstances, including, but not limited to, any of which it has occurred or is occurring and may
affect its performance:

 

(1) major
violation of discipline, violation of law or claims that implicate in its principal leaders;

 

(2) major
event of default under other contract terms;

 

(3) obligation
incurred, or the debt, or the guarantee provided by the third party;

 

(4) major
litigation and arbitration cases pending;

 

(5) other
circumstances which may seriously affect its financial position and solvency;

 

11.7 Party
B agreed to a direction of the people's Bank of China and the credit administration department approved the establishment of credit
database or the relevant units, check with the Department of Party B's credit status, and agrees that Party A to provide information
to the people's Bank of China and the credit administration department approved the establishment of credit database. Party B agrees
that Party A may reasonably use and disclose Party B's information for business needs;

 

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    Contract of Trust loans

    

 

11.8 The
above statement and pledge are effective before that all debt obligations under this contract are completed.

 

Article 12 The rights
and obligations of Party A

 

12.1 The right to require
Party B to provide all the information related to the loan;

 

12.2 Party A shall comply
with the contract, the terms of the agreement, the amount and the interest rate to the borrower trust loans (except for the reasons
for the borrower delays);

 

12.3 Party A have the
right to request Party B to repay loans on schedule and in full;

 

12.4 The right to understand
the production and operation of Party B, financial activities and operations and repayment plans;

 

12.5 Party A has the
right supervise the borrower use the loan according to the contract agreed purpose, right personally on the borrower's funds use,
business development and corporate management, supervision, inspection, require the borrower to make a note of related matter,
require the borrower to correct the use of funds in the presence of breach of contract, the borrower escape Lender oversight, arrears
of the principal and interest of loans or other breach of contract, the right to take the necessary legal, economic and administrative
means to safeguard their legitimate rights and interests.

 

12.6 Party A has the
right to request Party B to return the loan or stop payment of loans outstanding in accordance with the provisions of this contract,
;

 

12.7 When the Party B
occur with major transfer of property rights, the institutional change, transfer of debt of creditor's rights and other factors
that may affect the security of the loan behavior, Party A has the right to request Party B immediately settle the contract under
the principal and interest of the loan and other related expenses, or transfer the debts implement under the names that Party A
agrees to accept, or provide new security measures that Party A agrees to accept.

 

    	 	- 11 -	 

    Contract of Trust loans

    

 

12.8 if the borrower
fails to pay the contract trust loan or other related payments, have the right to exercise the right of guarantee;

 

12.9 people have the
right to entrust the contract claims instructions will be funded by the loan at any time to transfer to the third party;

 

12.10 the obligations,
finance, production and operation of Party B shall be kept confidential, except in accordance with the laws, administrative regulations,
rules or the state's right to require the disclosure of the institution;

 

12.11 the client confront
pledge during the custody period, pledge the dynamic pledge rate of 70% or less, if the investment period, pledge value fell by
10%, Party A has the right to request Party B immediately to cover short positions or to repay part of the loan to meet the pledge
rate of 70% of the dynamic. If Party B fails to cover positions within the prescribed period or repay the loan, Party A has the
right to terminate the contract in advance, the disposal of collateral.

 

12.12 Party B should
pledge to be insured, insurance clauses by both parties jointly negotiated, in the two months prior to the expiration of the insurance,
Party B shall pledge to renewal, if Party B fails to timely renewal as a breach of contract, Party A has the right to early termination
of the contract and require Party B to repay the principal and interest.

 

12.13 Perform obligations
and other rights according to the laws and regulations as stipulated in this contract.

 

Article 13 The rights
and obligations of Party B

 

13.1 Have the right to
extract and use all loans in accordance with the contract;

 

13.2 Party B shall faithfully
provide the documents and information provided by Party B shall cooperate with Party A for loan investigation, examination and
inspection, as well as the management of loan funds and post loan management;

 

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    Contract of Trust loans

    

 

13.3 Party B shall accept
Party A's supervision and inspection of the use of loan funds and the production and operation and financial activities;

 

13.4 The borrower shall
use the loan funds under the contract , shall not in any way misuse, misappropriation; the borrower is committed to the application
of funds in accordance with laws and regulations and national industrial development policy guidance in the field, do not use to
state expressly prohibited and the recent national macro-control policies to strictly control field, capital method is not in violation
of the provisions of other laws, regulations and policies of the state, and truthfully provide loan funds instructions for use
and payment vouchers;

 

13.5 The principal and
interest of the loan shall be repaid on schedule and in full in accordance with the contract;

 

13.6 Party A transfer
all or part of the contract to the third party, shall obtain the prior written consent of Party A;

 

13.7 The borrower's transfer
or disposal of its operating assets in other ways related to the total assets listed in its recent financial statements, and more
than 30 of the total assets listed in the financial statements shall be prior written consent by the lender;

 

13.8 The borrower as
relates to the change of ownership and / or institutional changes (including but not limited to merger, division, reorganization,
equity transfer, capital reduction), the borrower shall at least 15 working days will be related to changes in the plan submitted
to the lender's written consent, but in case of borrowers Limited to the listed company to fulfill the obligation of information
disclosure, except, the changes in the program shall not damage the lender of the legitimate rights and interests of the contract
under the;

 

13.9 The borrower, such
as the transfer, pledge, set off or otherwise disposed of its third party held a major creditor's rights (the amount of the creditor's
rights of [1000] million yuan, including the number), prior written consent of the lender;

 

    	 	- 13 -	 

    Contract of Trust loans

    

 

13.10 The borrower shall
not sign any agreement or document that damages the interests of the lender or any of the interests of the lender;

 

13.11 The borrower shall
cooperate with the lender, according to the contract of loan funds use, loan business development, the company's major business
are understand, check and the obligation to provide relevant information to the lender.

 

13.12 The borrower should
cooperate with the lender to the borrower's credit rating, credit investigation, and in accordance with the requirements of the
lender to provide the relevant information;

 

13.13 The borrower to
provide guarantees, such as the amount of the guarantee will be more than 50 of the net assets listed in its recent annual financial
statements, should be prior written consent of the lender;

 

13.14 Ensure that the
person's ability to guarantee the decline, enough to affect the safety of the loan, the borrower should promptly notify the lender,
and the lender required within the deadline to make up the guarantee;

 

13.15 Reduce the value
of collateral, enough to affect the safety of the loan, the borrower should promptly notify the lender, and in accordance with
the requirements of the lender to take the necessary measures;

 

13.16 In fiscal year
net profit after tax to zero or negative, or after tax profit is not enough to make up for the previous accounting year of the
cumulative loss or pre tax profit for the borrower pays off in accounting for the annual internal settlement of principal, interest
and fees or a pretax profit is not sufficient to pay off a principal, interest and other charges, the borrower is not in any form
to the shareholders dividends, dividend;

 

13.17 Perform the laws
and regulations and other rights and obligations as stipulated in this contract.

 

    	 	- 14 -	 

    Contract of Trust loans

    

 

Article 14 Charges
Clause

 

14.1 Party B shall bear
the expenses for reasonable expenses under this contract, including but not limited to the expenses for notarization, authentication,
evaluation, registration, etc..

 

14.2 Party B failed to
repay the loan principal and interest and lead to Party A for collection of the loan principal and interest expenses, including
but not limited to the announcement, serve, appraisal fees, attorney fees, litigation costs, poor travelling expenses, assessment
fees, auction fees, property preservation fee, compulsory execution fees, realize the creditor's rights fees, shall be borne by
Party B.

 

Article 15 Default
event and default liability of the Lenders

 

15.1 The lender has no
justifiable reason for breach of this contract, the borrower has the right to require the lender to correct the deadline; if borrower
to make a loss, the borrower shall have the right to claim damages for the lender.

 

15.2 As a result of the
trust is not set up or should be regulated by the requirements of the lender and the lender cannot be issued to the borrower, the
lender does not assume liability for breach of contract.

 

Article 16 Default
event and default liability of the borrower

 

16.1 Default event and
default liability of the borrower

 

(1) Borrow provides a
true, complete and effective financial statement, production and operation status and other relevant information not in accordance
with the requirements of the lender;

 

(2) The loan is not used
in accordance with the prescribed purpose;

 

(3) Fails to repay the
principal and interest of loans;

 

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    Contract of Trust loans

    

 

(4) Refuse or obstruct
the lender to implement supervision and inspection of the use of the loan;

 

(5) Transfer of assets
to escape the debt;

 

(6) The borrower’s
operating and financial conditions deteriorate, likely to endanger the safety of loan, or involved in or is going to be involved
in a major lawsuit or arbitration procedure and other legal dispute, have been or may affect or impair the lender in the rights
under the contract.

 

(7)Any other debt that
has been held to affect or may affect the performance of the obligations of the Lender under this contract;

 

(8) During the validity
period of the contract, the implementation of contracting, leasing, mergers, acquisitions, joint ventures, division, joint venture,
joint-stock transformation and change or conversion mode of operation management mechanism, have been or may affect or impair the
lender in the rights under the contract.

 

(9) In violation of the
borrower's statement and guarantee;

 

16.2 The borrower does
not issue “Borrowing certificate” to lender as promised and does not submit other documents to apply for a loan as
required by the lender, then the contract would be terminated in advance, the borrower shall pay RMB 50,000 as compensation to
the lender.

 

16.3 Because of the borrower's
breach of contract and filed a lawsuit / application for arbitration, the loan for the litigation / arbitration payment litigation
/ arbitration fees, hire lawyers and other legal costs should be borne by the borrower.

 

16.4 If the lender is
not sufficient to make up for the loss of the lender (including direct and indirect losses), the lender shall have the right to
claim compensation for the loss;

 

    	 	- 16 -	 

    Contract of Trust loans

    

 

Article 17 Notice

 

17.1 Notification and delivery

 

17.1.1 Any party sends a
notice or other correspondence (hereinafter referred to as the "correspondence") to another should be in accordance with
the contract records on the other side of the contact, by personal delivery, courier, registered letter or fax issued, and entry
into force in the following conditions:

 

(1) Delivered by personal,
the delivery date is deemed to be served;

 

(2) Send by express delivery
or registered letter, the date of receipt is deemed to be served;

 

(3)If the recipient did
not sign or reject,third working days from the date of sending document held by notification party or the date recorded in the
domestic registered mail as served.

 

(4) Issued by fax, deemed
as sender receive the fax confirmation from recipient.

 

(5) When using the above
methods at the same time, according to the fastest to reach each other.

 

17.1.2 The two parties confirm
the contact details as follows:

 

Party A: Wuhan Huayuan Technology
Development Limited

 

Contact: Huang Yi

 

Address:

 

Zip code: 430000

 

Tel: 027-65694977

 

Fax: 027-65694977

 

    	 	- 17 -	 

    Contract of Trust loans

    

 

Party B: Wuhan Kingold jewelry
Limited by Share Ltd

 

Contact: Huang Yi

 

Address: No. 15,
Economic Development Area,Jiang’an District, Wuhan

 

Zip code: 430023

 

Tel: 027-65694977

 

Fax: 027-65694977

 

17.1.3 If the contacts (including
contact person or contact information) of this contract changes, the change party shall notify the other party in writing within
5 days after the change. Before the receipt of the notice of the change party’s information, the other party shall deem the
documents and notice issued by the contact information before change.

 

Article 18 Applicable
of law and dispute resolution

 

18.1 The conclusion, effectiveness,
performance, interpretation, amendment and termination of this contract shall apply to Applicable of Law of People's Republic of
China (for the purposes of the contract, not including the laws and regulations of the Hong Kong Special Administrative Region,
the Macao Special Administrative Region and Taiwan region).

 

18.2 If dispute occurs in
the performance of this contract, the two parties shall conduct consultation or mediation; if the negotiation or mediation fails,
the court shall file a lawsuit to the people's court that has jurisdiction over the contract.

 

18.3 During the litigious
process, the parties shall continue to perform the obligations of other parts in addition to matters where the parties in dispute.

 

Article 19 Effective
conditions and conditions of the loan contract 

 

19.1 This contract is valid
after the legal representatives or authorized representatives from both sides sign and stamp the contract;

 

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    Contract of Trust loans

    

 

19.2 This contract shall
fail when satisfy the following conditions:

 

19.2.1 Party B pay off all
the Mortgage Payment and other expenses under the contract;

 

19.2.2 In accordance with
the conditions of this contract, according to the instructions of the principal, Party A decides to terminate the contract;

 

Article 20 Other matters
stipulated by Party A and Party B

 

20.1 Any supplemental agreement concluded
and signed between both parties for the issues not mentioned in the Contract should be made as the annex of the Contract and should
have equal legal effect.

 

20.2 The Contract is made into [ ] parts with
equal legal effect. Party A holds [ copies], Party B holds [ ] copies, and the rest copies are used for relevant procedure, etc.

 

When signing the Contract, the parties
concerned should have read and understood all articles of the Contract, without any objection, and should have accurately understood
the legal relation between both parties and the legal implications of the articles regarding rights, obligations and responsibilities.
Any party should not propose any objection upon any article of the Contract on the excuse of serious misunderstanding, obvious
unfairness, etc. 

 

(This is signature page with number "【HY
17-027-007-001】" of the "contract of trust loans",
no body)

 

Party A: Wuhan Kingold jewelry

 

Party B: Wuhan Huayuan Technology Development
Limited

 

	Legal representative:	Legal representative:
	 	 
	Authorized representative	Authorized representative (signature or seal):

 

(signature or seal):

 

Signing date:

 

Place of signing: [ ]

 

    	 	- 19 -Exhibit 10.50

 

The
Office Building Leasing Contract

 

Lessor (Party A): Wuhan HuaYuan Technology
Development Co., Ltd

Lessee (Party B): Wuhan Kingold Jewlery
Co., Ltd

 

According to the rules of “Contract
Law” of our nation and the relevant laws and regulations, the following agreements which are relevant with the housing leasing
should be established on the basis of equality, free will and consensus by negotiation:

 

Article 1 Premises and Purposes of Leasing

Party A agrees to lease 8/F, Tower A,
Building 7, Kingold Jewlery Cultural Industry Quarter, located in No. 8 Hanhuang Road, Jiang’an District, Wuhan to Party
B. The total area of the house for rental is 1,200 Square meters. The scope of operation of the leasing units is limited
on the scope of operation ruled by Party B’s business license.

 

Article 2 The term of lease is five
years from July 1, 2017 to June 30, 2022.

 

Article 3 Rent:

The rent is 40 yuan/ Square meters/
Month (including the property management fee). The monthly rent is RMB 48,000 yuan; the rent should be paid quarterly. Party
B should pay the rent of the first quarter in a lump sum in the day of signing the contract. The rest quarterly rent should be
paid 5 days in advance before the expiration date. Party A should give the charges document to Party B after receiving the
rent.

 

Article 4 Facilities and Expenses Undertaking

		1.	All expenses (including the housing leasing tax) during the housing leasing should be paid by Party
B.

		2.	If the house and its attached objects and devices are damaged or malfunctioned because of improper
safekeeping or unreasonable using, Party B should be responsible for repairing or compensation.

 

     

     

    

 

		3.	After expiration of this contract, Party B cannot remove the floor tiles and ceiling lamps.

 

Article 5 Responsibilities
and Obligations of Party A

		1.	Party A should guarantee that the property right of the leasing shops is clear, if there are disputes,
Party A should take charge of them.

2.       The
house should be used by Party B when Party A signs the contract.

 

Article 6 Responsibilities
and Obligations of Party B

		1.	According to the regulations of the contract, Party B shall pay the rent and other expenses on
time, use the house legally, and not undertake activities which are guilty of dereliction or serious violation of law.

		2.	If there are no written permissions of Party A and relevant departments, Party B shall not make
any changes on the house’s structure. About the decorations of the house, Party B shall obey the principle that do not damage
the house’s overall structure and devices, and shall be agreed by Party A.

		3.	During the period of the lease, Party B shall not do anything detrimental to the interests
of Party A, such as subleasing, transferring, under-leasing, pledging the house to a third party, or joint operation of the house.

		4.	During the period of the lease, Party B shall be responsible for damage to Party A’s house
caused by the accidents, such as being stolen, fire etc., or the man-made accidents of Party B.

		5.	On the premise of not in violation of the lease, Party B has the priority to continue renting the
house. Party B shall notify Party A within three months before the contract expires, if it intends to extend the lease. In this
situation, both parties will discuss relevant matters over the extension.

 

     

     

    

 

Article 7 Termination of Contract

Unless the following situations occur,
this contract is completely effective during the contract period, and shall not be terminated unilaterally.

		1.	The expiration of the lease term.

		2.	The house is damaged seriously because of Party B.

		3.	The house is damaged by a force majeure, so that cannot meet the use purpose.

		4.	The government expropriates or dismantles forcibly the house.

		5.	Party B fails to pay the rent for more than 10 days after the due date.

 

Article 8 Responsibility of Default

Any one party, who breaks the contract
and leads to termination of contract, shall pay 1% of the total contract value as liquidated damages to the other party, and compensate
for all the other losses and costs.

 

Article 9 Supplementary Agreement

During the period of the lease, if this
contract shall be terminated ahead of schedule because of the factors such as national policy changes or a force majeure, Party
A shall notify Party B half a month early. Party B shall transact the formalities of termination of the contract according to the
requirements of the notification and leave the house on time. Party A is not responsible for the losses cause by the above factors,
but shall return the rent that Party A has paid but has not use yet.

 

Article 10 Party A shall provide the title
deed (or the valid certification with the right to rent), identity certificate (business license) and other documents, while Party
B shall provide the identity certificate. Both parties can copy each other’s documents for being kept after validation. All
the copies are only for this lease contract.

 

Article 11 All disputes arising from this
contract shall be settled in time through friendly negotiation. In case no settlement can be reached through negotiation, any one
party can bring proceedings to the People's Courts in the locality where the shop is located.

 

     

     

    

 

Article 12 Both parties can make supplementary
terms on the matters not stipulated in this contract by mutual agreement. The supplementary terms and attachments are also the
parts of this contract, which have the equal legal effect with this contract.

 

Article 13 This contract takes effect after
the signature of both parties. This contract is in duplicate, and each party holds one.

 

	Party A: 	Party B: 
	 	 
	Entrusted agent: 	Entrusted agent:

 

Signing Date: July 1, 2017

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