Document:

Exhibit 4.1

 

THE BANK OF NEW YORK MELLON

NEW YORK’S FIRST BANK-FOUNDED 1784 BY ALEXANDER HAMILTON

 

 

2 HANSON PLACE, 12TH FLOOR, BROOKLYN,
N.Y. 11217

 

 

 

July 12, 2017

 

Hennion & Walsh, Inc.

2001 Route 46, Waterview Plaza

Parsippany, New Jersey 07054

 

Smart Trust 325

 

Dear Sirs:

The Bank of New York
Mellon is acting as trustee for the series of Smart Trust set forth above (the “Trust”). We enclosed a list
of the Securities to be deposited in the Trust on the date hereof. The prices indicated therein reflect our evaluation of such
Securities as of close of business on July 11, 2017, in accordance with the valuation method set forth in the Standard Terms and
Conditions of Trust and Trust Agreement. We consent to the reference to The Bank of New York Mellon as the party performing the
evaluations of the Trust Securities in the Registration Statement (No. 333-217705) filed with the Securities and Exchange Commission
with respect to the registration of the sale of the Trust Units and to the filing of this consent as an exhibit thereto.

 

 

	 	Very truly yours,
	 	 
	 	/s/ GERARDO CIPRIANO
	 	Gerardo Cipriano
	 	Vice PresidentExhibit 4.3

 

Consent of Independent Registered
Public Accounting Firm

We consent to the
reference made to our firm under the caption “Independent Registered Public Accounting Firm” in Part B of the Prospectus
and to the use of our report dated July 12, 2017, in this Registration Statement (Form S-6 No. 333-217705) of Smart Trust 325,
comprising Smart Trust, Dorsey Wright International Momentum Trust, Series 8.

 

/s/ Grant
Thornton LLP

 

Chicago, Illinois

July 12, 2017Exhibit 10.1

 

STOCK SALE AND PURCHASE AGREEMENT

 

This stock sale and purchase agreement (this Agreement) is made
by andbetween The Louise Herrington Ornelas Trust (“Seller”) and Nevada Gold & Casinos, Inc. (“Buyer”).
Louise Herrington Ornelas is the sole trustee of the Louise Herrington Ornelas Trust and has appointed her two sons, Randall Kent
Rogers and William Richard Rogers, as co-attorneys-in-fact to act on her behalf with respect to this transaction. The Seller and
the Buyer are also referred to collectively as the “Parties”.

 

W I T N E S S E T H:

 

WHEREAS, the Seller owns 755,644 shares
of common stock of Buyer (the “Stock”), and desires to sell the Stock to Buyer; and

 

WHEREAS, the Seller has agreed to
sell and the Buyer has agreed to buy the Stock, and the Parties desire to set forth the terms and conditions governing the
purchase and sale of the Stock.

 

NOW, THEREFORE, for and in consideration
of the premises, the mutual agreements and covenants herein contained, and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Parties agree as follows:

 

		1.	This Agreement is the product of negotiation between sophisticated parties. Seller is aware that Buyer has not yet filed its
Form 10K Report with the U.S. Securities and Exchange Commission for its fiscal year ended April 30, 2017. Seller understands that
such report, when filed, may contain material, non-public information which has not been provided to Seller and which could impact
the value of the Stock. Seller has had the opportunity to conduct its own due diligence and evaluate the merits and risks of this
transaction. After making an independent assessment of such risks, seller wishes to proceed with this transaction.

 

		2.	Seller hereby agrees to irrevocably transfer and convey the Stock to the Buyer, and the Buyer hereby agrees to pay the aggregate
purchase price of $1,624,634.60, or $2.15 per share, for the Stock at the Closing (as defined below).

 

		3.	The Closing of the purchase and sale of the Stock under this Agreement shall occur upon the execution of this Agreement by
the Parties. Buyer shall deliver payment of the purchase price listed above and the Seller shall instruct its Broker to deliver
to the Company's transfer agent (the Transfer Agent) the certificate representing the Stock, and direct the Transfer Agent to issue
a new certificate representing the Stock to be registered in the name of the Buyer.

 

		4.	The Seller represents and warrants to the Buyer as follows:

 

		(a)	The Seller has good, valid and marketable title to the Stock, free and clear of all mortgages, liens, pledges, security interests,
charges, claims and other encumbrances and defects of title of any nature whatsoever.

 

		(b)	No person has any right or other claim against Seller for any commission, fee or other compensation as a finder or broker in
connection with the transaction contemplated by this Agreement.

 

		5.	The Buyer represents and warrants to the Seller that no person has any right or other claim against the Buyer for any commission,
fee or other compensation as a finder in connection with the transaction contemplated by this Agreement.

 

     

     

    

 

		6.	Miscellaneous.

 

		(a)	This Agreement contains all of the promises, agreements, conditions, terms, understandings, warranties and representations
of the Parties with respect to the transactions and business relationships contemplated thereby and herein, and there are no other
promises, agreements, conditions, understandings, warranties or representations, oral or written, express or implied, among them
other than as set forth in this Agreement. This Agreement supersedes all prior agreements and understandings among the Parties
with respect to its subject matter.

 

		(b)	This Agreement and all amendments, modifications, authorizations or supplements to this Agreement and the rights, duties, obligations
and liabilities of the Parties under such document will be determined in accordance with the applicable provisions of the laws
of the State of Nevada, without reference to its doctrines or principles of conflicts of laws.

 

		(c)	This Agreement will be binding upon and inure to the benefit of the Parties, their personal and legal representatives, guardians,
successors and assigns.

 

		(d)	This Agreement may be executed in any number of counterparts and by the parties hereto in separate counterparts, each of which
when so executed and delivered shall be deemed an original and all of which counterparts when taken together shall constitute but
one and the same instrument.

 

IN WITNESS WHEREOF, the Parties have
executed and delivered this Agreement as of the dates set forth below.

 

 

	 	 	“BUYER”
	 	 	 	 
	 	 	 	 
	 	 	 	 
	July 12, 2017	 	Nevada Gold & Casinos, Inc.	 
	Date	 	 	 
	 	 	By	   	 
	 	 	 	 
	 	 	 	 
	 	 	“SELLER”
	 	 	Louise Herrington Ornelas Trust
	 	 	 	 
	 	 	 	 
	July 12, 2017	 	 	 	 
	Date	 	By	Randall Kent Rogers	 
	 	 	 	Co-attorney-in-fact as Trustee
	 	 	 	for Louise Herrington Ornelas Trust
	 	 	 	 
	 	 	 	 
	 	 	 	 
	July 12, 2017	 	 	 	 
	Date	 	By	William Richard Rogers	 
	 	 	 	Co-attorney-in-fact as Trustee
	 	 	 	for Louise Herrington Ornelas TrustExhibit 10.1 

 

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

 

    	2 

     

    

 

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: 

  

    	3 

     

    

 

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

Address: 

Post
Code: 

Legal
representative: 

Entrusted
agent: 

Responsible
person: 

Tel: 

Fax: 

Bank: 

Account
Number:

 

    	4 

     

    

 

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.

 

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           .

 

    	5 

     

    

 

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:          /          
/          

 

    	6 

     

    

 

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.

 

    	7 

     

    

 

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

 

Article22:
The processing fee rate for the trustee issuing the entrusted loan under this contract is___ of the entrusted loan amount.

 

Article23:
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.

 

    	8 

     

    

 

Article24:
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.

 

    	9 

     

    

 

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.

 

    	10 

     

    

 

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.

 

    	11 

     

    

 

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.

 

    	12 

     

    

 

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.

 

    	13 

     

    

 

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.

 

    	14 

     

    

 

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.

 

    	15 

     

    

 

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                            .

 

    	16 

     

    

 

 

The
borrower (Seal):

 

Legal
Representative:

(Or
entrusted agent)

 

The
Trustor (Seal):

 

Legal
Representative:

(Or
entrusted agent)

 

The
trustee (Seal):

 

Legal
Representative:

(Or
entrusted agent)

 

    	17 

     

    

 

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:                   

 

    	18

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